Search found 755 matches

by mcraepat9
Sun Oct 08, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: 529 help
Replies: 22
Views: 1222

Re: 529 help

Can you get the illinois state tax deduction contributing to the Utah plan? No, you can't. Per the IL 529 Bright Start site: If you live in Illinois, you also get some added state tax benefits. Contributions to your Bright Start account are tax deductible. You’ll enjoy a deduction of up to $10,000 ...
by mcraepat9
Wed Oct 04, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Harvested, but to a higher expense ratio
Replies: 3
Views: 260

Re: Harvested, but to a higher expense ratio

TLH partners should be positions you would hold indefinitely.

Paying capital gains taxes to get a 5 basis point expense savings is lunacy.
by mcraepat9
Tue Sep 19, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 5436

Re: Lawyer overbilling for prenup review

I understand OP's frustration. Attorney made a mistake agreeing (either implicitly or explicitly) to the hours cap for an assignment that could not possibly be done properly within that agreed cap. Attorney should probably swallow the costs of this, but ask that his name be taken off the agreement a...
by mcraepat9
Tue Sep 19, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Memory Foam Mattress Recomendations
Replies: 51
Views: 4438

Re: Memory Foam Mattress Recomendations

I have owned a Loom & Leaf luxury firm king sized mattress for about a year and love it. Had I not gotten a L&L, my second choice would have been a Leesa (probably better value, particularly for a king). In the end I decided L&L fit better for me and I felt OK to splurge a few extra bucks for a matt...
by mcraepat9
Fri Sep 15, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax Credit Freeze 100% online
Replies: 35
Views: 5200

Re: Equifax Credit Freeze 100% online

I had already frozen Experien & TransUnion, but repeated tries to Freeze at Equifax had returned errors, and I assumed had failed. I did register for their TrustedID service earlier today, but still planned to Freeze. Just now I tried to freeze again, and was asked if I wanted to Permanently remove...
by mcraepat9
Fri Sep 01, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is Always Risky
Replies: 42
Views: 3405

Re: The Stock Market Is Always Risky

Isn't the portfolio always at risk even if you anchor it to the starting value?
by mcraepat9
Fri Sep 01, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard REIT ETF (Symbol VNQ)
Replies: 7
Views: 678

Re: Question about Vanguard REIT ETF (Symbol VNQ)

A question for anyone who owns VNQ: I am thinking about buy some shares of VNQ so I can have some real estate exposure in my taxable account. Is there anything about this ETF that complicates your personal taxes? I knew someone who owned securities of "Partnerships". He had to wait until late March...
by mcraepat9
Thu Aug 31, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Spinning off 23 Year Old Son (Car)
Replies: 17
Views: 1328

Re: Spinning off 23 Year Old Son (Car)

Depends on the laws of the state in which the accident occurs.
by mcraepat9
Sun Aug 27, 2017 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Coverdell provider
Replies: 12
Views: 768

Re: Coverdell provider

Those investors I know that have Coverdells use Schwab and use their suite of low-cost Schwab ETFs. They think it is best option at this point since the other low-cost brokerage houses don't support new Coverdells and Schwab's ETFs are very low cost and get the job done.
by mcraepat9
Tue Aug 08, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 9571

Re: When does renting make sense

Folks, It is obvious from multiple and repeated discussion that A) In general, people buy more house versus when they rent. B) So, all those rent versus buy calculator does not make any sense when you are comparing Apple versus Orange. Because of (A), my observation of people spends more on housing...
by mcraepat9
Tue Aug 08, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to Roth IRA on maternity leave
Replies: 2
Views: 315

Re: Contribute to Roth IRA on maternity leave

As long as the woman's spouse has earned income in excess of (i) her IRA contribution amount plus (ii) spouse's IRA contribution amount and the couple is otherwise below the Roth IRA direct contribution income limitation, yes. The biological sex of the person is not relevant.
by mcraepat9
Tue Aug 08, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: kids think lazy if retire?
Replies: 70
Views: 8120

Re: kids think lazy if retire?

I'm sure this is a dumb question, but am I wrong for thinking the goal in life is to "do nothing" (i.e. not work)? That is my goal.
by mcraepat9
Thu Aug 03, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Non-match Roth 403b vs matched 403b
Replies: 15
Views: 553

Re: Non-match Roth 403b vs matched 403b

1. What is your current marginal state and fed tax rates? 2. Is there a particular reason you believe your tax rate in retirement will be higher than it is now? Do you have a large pension coming to you? Is this year an unusually low income year for you? Why do you think you will be in the same tax ...
by mcraepat9
Tue Aug 01, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: How to sell non-whole ETF unit
Replies: 7
Views: 339

Re: How to sell non-whole ETF unit

When I tried to sell all my shares of a Vanguard ETF (in which i have fractional shares), this is what Vanguard said: Only whole shares can be traded. Since you're selling your entire position, we'll place an order to sell all of your whole shares. We'll then automatically liquidate any remaining fr...
by mcraepat9
Mon Jul 31, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: 529 or Mortgage
Replies: 38
Views: 2324

Re: 529 or Mortgage

Seems like a no brainer to max our your tax advantaged retirement accounts (401k, IRA) before putting a single dollar into a 529 or extra mortgage payments.
by mcraepat9
Mon Jul 31, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Limited ADP 401K Options - Suggestions?
Replies: 4
Views: 299

Re: Limited ADP 401K Options - Suggestions?

You might consider pairing these two in a 4:1 ratio (S&P 500 fund (4) to Extended Equity (1) ratio). T. Rowe Price Extended Equity Market Index Fund 0.35 iShares S&P 500 Index Fund - Class A 0.36 The extended equity fund is substantially all of the US stock market except for the S&P 500. The S&P 500...
by mcraepat9
Sat Jul 29, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Looking for feedback
Replies: 7
Views: 402

Re: Asset Allocation - Looking for feedback

Probably best to use these in your 401k and adjust your VTIAX holdings in other accounts to match your preferred asset allocation:

401K Intermediate Bond ER=0.21%
401K Russell 3000 Index ER=0.05%
by mcraepat9
Sat Jul 29, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Looking for feedback
Replies: 7
Views: 402

Re: Asset Allocation - Looking for feedback

It is a JNJ 401k with no ticker symbols but here is all the info. Here are all the choices 401K US Small Cap ER = 0.67% 401K Intermediate Bond ER=0.21% 401K Diversified Equity ER=0.37% 401K Balanced Fund ER=0.37% 401K International Equity ER= 0.47% this is fairly expensive and the fund has manager ...
by mcraepat9
Sat Jul 29, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to protect preowned individual assets when not married and own home together
Replies: 11
Views: 985

Re: How to protect individual assets when not married and own home together

Common Law state? As mentioned it's California. Community property state, I just added that to the original post. Thanks. As for common law, I don't know. I don't know if a state can be both common and community. Will have to check that out. California does not have common law marriage - however, i...
by mcraepat9
Sat Jul 29, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Looking for feedback
Replies: 7
Views: 402

Re: Asset Allocation - Looking for feedback

About me: I am 47yrs and my wife is 47yrs with 2 kids 9yrs and 9yrs. I work and my wife stays home to take care of the kids. Income $110,000 25% tax bracket Tax Filing Status: Married Filing Jointly I maxed out my 401K and Roth IRA this year Target retirement age: 65 (2035) State of Residence: PA W...
by mcraepat9
Sat Jul 29, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie and New Parent: Help w/ Retirement and 529
Replies: 65
Views: 4671

Re: Newbie and New Parent: Help w/ Retirement and 529

529 Question: My wife and I are getting some pressure from grandparents on how they can contribute to their granddaughter's college fund. My wife and I are tempted to open a 529 for the sake of not turning down free money from the grandparents. I suggested to my wife that we can also keep tally of ...
by mcraepat9
Fri Jul 28, 2017 7:06 pm
Forum: Investing - Theory, News & General
Topic: Why is BND best?
Replies: 29
Views: 4034

Re: Why is BND best?

Most people recommend BND or the mutual fund equivalents as the sole bond fund in the three fund portfolio. Unless I'm mistaken, it invests in only intermediate term bonds, to the exclusion of short and long term ones. Why ignore those? You are mistaken, it does include bonds of all durations - but...
by mcraepat9
Fri Jul 28, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: How does this work? [Dow Jones up, but Vanguard Total Stock down]
Replies: 10
Views: 1470

Re: How does this work?

bjames310 wrote:The Dow Jones is at record highs with three straight days of gain, yet VTSAX has been down three days in a row. I'm confused.
DJIA is not the same thing as VTSAX.
by mcraepat9
Wed Jul 26, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 8587

Re: Should you wait until the due date to pay credit card balance?

Who has time for this nonsense? Set up "autopay in full on due date" the day you get a new card. Set it and forget it. If you have credit score issues it's not because you don't pay your credit card balance off 15 times a month or other "systems". This is all I do. I don't know why people are nervo...
by mcraepat9
Wed Jul 26, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Best Legal Structure?
Replies: 23
Views: 2028

Re: Rental Property - Best Legal Structure?

Thanks for the replies. I have a mortgage still. So it sounds like the best option would be to just increase the insurance policy. If I paid off the mortgage, then maybe it would be worth it to go the LLC route. So tax savings purposes, has anyone attempted setup S-Corp to hold their rental propert...
by mcraepat9
Wed Jul 26, 2017 1:29 pm
Forum: Investing - Theory, News & General
Topic: VNQ allocation [Vanguard REIT Index]
Replies: 20
Views: 1461

Re: VNQ allocation

Get rid of REIT allocation unless you have a compelling reason to overweight REITs. I think the reason should be more fulsome than "have seen it in other allocations".

Default to simplicity.
by mcraepat9
Wed Jul 26, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 4966

Re: Why not Schwab instead of Vanguard?

Schwab has a good total stock fund and a good total bond fund (just started a year ago). Their international fund is ok for what it is, but it is not a total total international. The cost differences, where they exist, are too tiny to matter. They don't have much other than that (except a couple of...
by mcraepat9
Wed Jul 26, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Why not Schwab instead of Vanguard?
Replies: 68
Views: 4966

Re: Why not Schwab instead of Vanguard?

I have been a long time Vanguard customer and believe: 1) They have been an industry leader in low fees 2) Their customer service is marginal at best As I see it for basic index funds, Schwab is actually cheaper to use than Vanguard. Am I missing something or am I, and possibly other bogleheads sta...
by mcraepat9
Wed Jul 26, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Newbie and New Parent: Help w/ Retirement and 529
Replies: 65
Views: 4671

Re: Newbie and New Parent: Help w/ Retirement and 529

The asset allocation makes sense to me, the simplified approach (i.e. 3 fund portfolio), focusing on things I can control (tax efficiency) and sticking to my plan. To play "devil's advocate", is there "proof in the pudding" that this strategy works? In lieu of buying low and selling high (I know, i...
by mcraepat9
Wed Jul 26, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA question
Replies: 5
Views: 428

Re: Roth IRA question

Do you have earned income/compensation during the relevant year in which you would be contributing to the Roth IRA?
by mcraepat9
Tue Jul 25, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie and New Parent: Help w/ Retirement and 529
Replies: 65
Views: 4671

Re: Newbie and New Parent: Help w/ Retirement and 529

The asset allocation makes sense to me, the simplified approach (i.e. 3 fund portfolio), focusing on things I can control (tax efficiency) and sticking to my plan. To play "devil's advocate", is there "proof in the pudding" that this strategy works? In lieu of buying low and selling high (I know, i...
by mcraepat9
Tue Jul 25, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 32
Views: 4466

Re: Grandson just got married. Wants to add wife's name to accts

I just don't see any upside to retitling. How about avoiding probate for the assets where specifying a beneficiary is not standard (such as a house)? Probate court in Texas is just not terribly difficult or burdensome. The son could easily retitle later in life once he knows this marriage is for re...
by mcraepat9
Tue Jul 25, 2017 7:04 pm
Forum: Investing - Theory, News & General
Topic: Time, not material goods, 'raises happiness'
Replies: 38
Views: 4292

Re: Time, not material goods, 'raises happiness'

Bogleheads have known this for a long time: http://www.bbc.com/news/science-environment-40703519 "Using money to free-up time is linked to increased happiness, a study says." No doubt. If anyone out there hasn't come up with a dollar value for your free time, I would encourage them to do so. Really...
by mcraepat9
Tue Jul 25, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help with allocation
Replies: 25
Views: 1668

Re: Help with allocation

I haven't been communicating very well or using the terminology correctly myself, so I apologize. I went back and reread some stuff and now I am much more clear on things, though not perfect I'm sure. I am going to close my (when I say 'my', I mean my husband's) American Funds account and move that...
by mcraepat9
Tue Jul 25, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 32
Views: 4466

Re: Grandson just got married. Wants to add wife's name to accts

No tax consequences, but this will likely result in "commingling" of separate (pre-marital) property and marital property. In many states, separate property is not subject to division in a divorce. Once you commingle, it's assumed to be marital property and the spouse gets a share of it in a divorc...
by mcraepat9
Tue Jul 25, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Can anyone help me by putting some numbers to "tax cost ratio" ?
Replies: 7
Views: 621

Re: Can anyone help me by putting some numbers to "tax cost ratio" ?

Use triceratop's master spreadsheet to calculate tax cost. M* is not accurate.
by mcraepat9
Tue Jul 25, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 32
Views: 4466

Re: Grandson just got married. Wants to add wife's name to accts

No tax consequences, but this will likely result in "commingling" of separate (pre-marital) property and marital property. In many states, separate property is not subject to division in a divorce. Once you commingle, it's assumed to be marital property and the spouse gets a share of it in a divorce...
by mcraepat9
Tue Jul 25, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications for a family loan.
Replies: 8
Views: 525

Re: Tax implications for a family loan.

I assume that legally there would be some tax implications for me. Is there some research that you could point me to? For you the interest from the loan will be taxable income. If the IRS regards this loan as not being an at-arms-length transaction, you'll still have to pay taxes on the interest yo...
by mcraepat9
Tue Jul 25, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 20005

Re: Buying house - Very important decision

Dont mean to restart the same topic, but a coworker was mentioning that he knows some folks who bought multiple SFH homes. Apparently they are able to rent couple of them for about the same as mortgage amount. He also says there is no way in hell prices are going to come down here. Wondering if thi...
by mcraepat9
Mon Jul 24, 2017 1:31 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 22509

Re: Living Off Dividends

The reason to hold bonds is to stabilize the portfolio. A 100% stock portfolio may drop 50% in a crash. If the investor would have no feelings about that, there is no problem as long as the dividends continue on. But it would be a rare investor who would have no feelings about that. And you cannot ...
by mcraepat9
Mon Jul 24, 2017 1:24 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 22509

Re: Living Off Dividends

The reason to hold bonds is to stabilize the portfolio. A 100% stock portfolio may drop 50% in a crash. If the investor would have no feelings about that, there is no problem as long as the dividends continue on. But it would be a rare investor who would have no feelings about that. And you cannot ...
by mcraepat9
Mon Jul 24, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs buybacks
Replies: 60
Views: 3171

Re: Dividends vs buybacks

Jack Welch is an illustration of what I am talking about. Since he left GE, the stock price has languished. His successor, Jeff Immelt wound up reversing a lot of Welch's decisions. When the wizard retired, the successor couldn't continue the financial engineering and the management of the stock pr...
by mcraepat9
Mon Jul 24, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 22509

Re: Living Off Dividends

I would much prefer the bonds than relying on dividends. They get cut at precisely the time you are most vulnerable. General Electric announced a substantial cut in its dividends in the summer of 2008 and it has still not yet returned to its previous level. I am a "total return" believer - so I don'...
by mcraepat9
Sun Jul 23, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 8956

Re: Can anyone convince me I need international stock in my portfolio?

as of today (7/23/2017), if you had invested $10,000 in both funds on 4/29/1996, you would currently have $56,371 in your Total Stock U.S. Stock Market Index Fund, which would be more than double as much as the $27,422 in your Total International Stock Index Fund. Mid 1996 is when I started investi...
by mcraepat9
Sun Jul 23, 2017 12:24 am
Forum: Investing - Help with Personal Investments
Topic: Re-allocating into 3-Fund Portfolio
Replies: 16
Views: 1951

Re: Re-allocating into 3-Fund Portfolio

80/20 is very aggressive for your age - if a drop like 2008-09 were to occur, you could easily wipe out 40% of your portfolio and would likely have to postpone retirement plans. As others have already stated, unless you have a large pension coming your way or you expect to be in the 33+% bracket for...
by mcraepat9
Sat Jul 22, 2017 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help with allocation
Replies: 25
Views: 1668

Re: Help with allocation

The only thing I would add is that your husband's employer plan does not totally suck and has several excellent low-cost investment options (with a small match to boot). You would be crazy not to participate to the max.
by mcraepat9
Thu Jul 20, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 8956

Re: Can anyone convince me I need international stock in my portfolio?

My takeaway from all of the information led me to invest internationally, but not at market weight. There are cons to investing internationally (i.e. higher expense ratios, higher taxes on dividends). The big pro is diversification. Vanguard's white paper suggests you can get the lion's share (~80%)...