Search found 3821 matches

by mhalley
Wed Jan 18, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: How much to spend on a house?
Replies: 19
Views: 2018

Re: How much to spend on a house?

Another rule of thumb is mortgage no more than 25% of take home pay (pref after 20% down on a 15year fixed).
by mhalley
Wed Jan 18, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Getting Ready for Backdoor Roth Conversions
Replies: 9
Views: 418

Re: Getting Ready for Backdoor Roth Conversions

Here is a simple tutorial. You don't need to create a new Ira each year, just contibute to the same trad and rollover to the same Roth each year.
http://whitecoatinvestor.com/backdoor-r ... -tutorial/
As to being a lot of trouble for just 13k, in 15 years that could be 350k of tax free money.
by mhalley
Tue Jan 17, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax forms for newly opened brokerage account
Replies: 11
Views: 389

Re: Tax forms for newly opened brokerage account

There is always the chance that you might be off if you file before getting your form 1099 div. this could result in having to file an amended return. http://www.cnbc.com/2015/04/27/how-to-file-an-amended-tax-return.html https://www.taxact.com/tax-information/articles/5-common-questions-about-filing...
by mhalley
Tue Jan 17, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: New To Investing- Switching from Betterment to Vanguard
Replies: 9
Views: 614

Re: New To Investing- Switching from Betterment to Vanguard

Do you want to manage your money or pay someone else to do it for you? Betterment is fine, but you will pay extra fees. International is out of favor right now while us is at an all time high. What you should do is come up with your desired asset allocation, write an ips and invest accordingly. Mf a...
by mhalley
Tue Jan 17, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: When is a 401k not worth it?
Replies: 32
Views: 1915

Re: When is a 401k not worth it?

In addition to tax savings, the great thing about 401k plans is that they automate your savings. The main thing is not to fall into the trap of setting up a 5% 401k withdrawal with the plan to fund roths and then never getting around to it. Depending on your wife's income, she could set up an indivi...
by mhalley
Tue Jan 17, 2017 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: When is a 401k not worth it?
Replies: 32
Views: 1915

Re: When is a 401k not worth it?

The general rule of thumb is that 401k make sense until the fees you are paying exceed 1.7%. if there is no match, you might fund you Roth's first, but be sure to go back to the 401k if that does not make your retirement savings rate at least 15-20%. So 5500 x 2 gives you 11k to save in the Roth's, ...
by mhalley
Tue Jan 17, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 110
Views: 9220

Re: Why nobody understands importance of high-deductible insurance?

My high deductable bronze plan lost its HSA and went to 24k a year. I wonder if anyone would be interested in a truly catastrophic plan with something like a 25-50 k deductable?
by mhalley
Mon Jan 16, 2017 12:38 am
Forum: Personal Consumer Issues
Topic: Streaming TV for Elderly Parents
Replies: 39
Views: 2730

Re: Streaming TV for Elderly Parents

There are multiple fancy remote control devices that would make switching among the multiple setups easier. It might take a more tech savvy person to do the intiial setup, but after that they should only have to push one button to be able to access the Content. Something like this: https://support.m...
by mhalley
Sun Jan 15, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: Streaming TV for Elderly Parents
Replies: 39
Views: 2730

Re: Streaming TV for Elderly Parents

Try this site. http://www.theverge.com/a/online-tv-stream-price-guide You might need to get an antenna to get all basic channels unless you opt for a basic channel plan. Love Ooma. I hear that Comcast is jacking up the prices for cord cutters, so you might not be able to hit that $100 after the intr...
by mhalley
Sat Jan 14, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Payoff Auto Lease Halfway Thru w/Financing?
Replies: 9
Views: 471

Re: Payoff Auto Lease Halfway Thru w/Financing?

I think it is often better to buy out the lease near the end of the lease rather than early.

http://www.leaseguide.com/articles/lease-buyout/
Start saving the amount you need at the end of the lease now and save on interest payments.
by mhalley
Fri Jan 13, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to best approach saving for retirement/debt reduction
Replies: 14
Views: 661

Re: How to best approach saving for retirement/debt reduction

Check out WCI loan vs invest post.
http://whitecoatinvestor.com/student-lo ... investing/
I think the general rule of thumb is 25x expenses at a 4% safe withdrawal rate is a reasonable retirement goal.
by mhalley
Fri Jan 13, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Explaining impact of front loads and fees on returns to sister
Replies: 20
Views: 1096

Re: Explaining impact of front loads and fees on returns to sister

These are the fees for the fund. Does the advisor charge any fees on top of these?
by mhalley
Fri Jan 13, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Index Fund Recommendation
Replies: 3
Views: 303

Re: Bond Index Fund Recommendation

There is the conundrum, wanting income without risk. You can't have one without the other. I am not sure if I would count the preferred stock etf as a bond. Most recommendations here are either total bond or int term bond index, with some liking treasuries. Tips are another option. Int bond funds ha...
by mhalley
Fri Jan 13, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: pointers to info on medicare?
Replies: 8
Views: 547

Re: pointers to info on medicare?

Previous thread
viewtopic.php?t=151407
Plus Medicare.gov has lots of info.

https://www.medicare.gov/
by mhalley
Thu Jan 12, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Did you get an IRS pin code for filing?
Replies: 15
Views: 1309

Re: Did you get an IRS pin code for filing?

I was involved in the potential breach of 2015, got my pin last month.
by mhalley
Thu Jan 12, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: downhill skiing
Replies: 32
Views: 2232

Re: downhill skiing

I would imagine it is a very personal decision. The potential for injury is higher the older you get, but if you are healthy and can afford it I see no reason to stop at a certain age.
by mhalley
Thu Jan 12, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Reit ETF - Accumulating
Replies: 6
Views: 872

Re: Reit ETF - Accumulating

Sorry I do not know the answer. Bogleheads that slice and dice often use reits as the first expansion out of the three fund portfolio, but no one knows if that will be a good idea going forward.
by mhalley
Thu Jan 12, 2017 11:38 am
Forum: Investing - Theory, News & General
Topic: Buying vs Leasing a car for Real Estate Agent
Replies: 6
Views: 686

Re: Buying vs Leasing a car for Real Estate Agent

Not enough info. How many miles do you drive per year? Do you buy new cars frequently? Business use is one of the few times leasing might make sense. You can deduct some expenses with a car you own or lease. http://realtormag.realtor.org/buyers-guide/automotive/article/1999/06/your-auto-answering-bu...
by mhalley
Thu Jan 12, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: HELP! First Time Investor
Replies: 7
Views: 614

Re: HELP! First Time Investor

Good point, didn't even think about that! Skipped right over the single part. dumping Life insurance completely is even better. One thing to remember is that the target retirement funds have more international and less bonds than op desires. So he would need to adjust the target date and adjust the ...
by mhalley
Thu Jan 12, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: HELP! First Time Investor
Replies: 7
Views: 614

Re: HELP! First Time Investor

I think the whole life premiums are a sunk cost. Put a term life policy in place, and only then cancel the whole life. If you like the nw disability insurance policy, there is no reason to get rid of it. Just about all major insurance co have similar bad investment products. Just chalk it up to expe...
by mhalley
Thu Jan 12, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Credit report errors
Replies: 16
Views: 707

Re: Credit report errors

There are thousands of credit cards (and credit unions) out there. Problem is easily solved by voting with your feet.
I would also recommend having a minimum of 2 major credit cards.
by mhalley
Thu Jan 12, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Reit ETF - Accumulating
Replies: 6
Views: 872

Re: Reit ETF - Accumulating

I don't know about Europe, but in the us reits must distribute 90% of dividends. So I don't know whether an "accumulating" reit exists. .FromInvestopedia: "REITs are required by law to maintain dividend payout ratios of at least 90%, making them a favorite for income-seeking investors...
by mhalley
Tue Jan 10, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Traditional IRA and Roth IRA
Replies: 13
Views: 810

Re: Vanguard Traditional IRA and Roth IRA

The answer is yes to all the questions, except there is no penalty. See the wiki for backdoor Roth.
by mhalley
Mon Jan 09, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Weight machine vs free weight
Replies: 64
Views: 3651

Re: Weight machine vs free weight

I used to do free weights but as a got older I found I had some shoulder pain with the bench and overhead press. Now I use the machine with cables wich seems to put less stress on my shoulders. YMMV.
by mhalley
Mon Jan 09, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Teeth whitening
Replies: 38
Views: 3268

Re: Teeth whitening

You can buy teeth whitening kits otc now that come with teeth molds and very strong peroxide to use with them. Multiple be ands available on Amazon.
by mhalley
Sat Jan 07, 2017 5:16 pm
Forum: Personal Consumer Issues
Topic: Bedroom is colder than rest of house. Radiator heating question.
Replies: 70
Views: 3009

Re: Bedroom is colder than rest of house. Radiator heating question.

I solved my cold bedroom problem with a portable electric heater.
by mhalley
Sat Jan 07, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: New Roth IRA account for backdoor Roth?
Replies: 12
Views: 499

Re: New Roth IRA account for backdoor Roth?

The recharacterization would come into play for Roth conversions, not Roth contributions.. If you do a backdoor Roth, you are going to do it with the 5500 dollars. Generally people do it right away, so there is no gains or losses, so no need to recharacterize due to a stock market decline. Fast forw...
by mhalley
Sat Jan 07, 2017 2:29 am
Forum: Investing - Help with Personal Investments
Topic: Advice for moving from active to passive investing
Replies: 6
Views: 470

Re: Advice for moving from active to passive investing

5% of anything is not going to have a sugnificant impact on the portfolio. The exact amount of international is not known, but most here would say it is between 20-40 % of equity. You also might consider switching to the fidelity freedom INDEX 2040 fund in the spousal Ira. I switched to boglehead st...
by mhalley
Fri Jan 06, 2017 3:51 pm
Forum: Personal Consumer Issues
Topic: Protecting information on cell phone
Replies: 10
Views: 1053

Re: Protecting information on cell phone

If you are really paranoid you coul encrypt KEEpass using one of the encryption apps.
Here is an example.
https://www.asus.com/zentalk/thread-60344-1-1.html
by mhalley
Fri Jan 06, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Differences among total index, total ETF, and total index admiral
Replies: 5
Views: 441

Re: Differences among total index, total ETF, and total index admiral

The main difference between the mutual fund and the etf is that the mutual fund price is set at the end of the trading day, whereas ETFs can be traded during the day. Etfs have no minupimum, and the er is on a par with admiral shares. ETFs also have a bid/ask spread. Etf investing is therefore more ...
by mhalley
Fri Jan 06, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Low Income, Starting to Invest
Replies: 3
Views: 519

Re: Low Income, Starting to Invest

For fidelity simple set it and forget it, go with one of the fidelity INDEX target retirement funds. Look at the year you plan to retire, or if you want to pick the stock/bond ratio look at the individual year portfolio. https://thefinancebuff.com/fidelity-freedom-index-funds.html https://www.fideli...
by mhalley
Thu Jan 05, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: To keep or dump my Whole Life Insurance Policies...
Replies: 6
Views: 811

Re: To keep or dump my Whole Life Insurance Policies...

Whole life is easy when you have only had it a couple of years, cancelling it and getting term is pretty much the correct answer every time. When you have had it for a long time, it becomes more complicated. I have heard good things about an online service that will evaluate your whole life and tell...
by mhalley
Thu Jan 05, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: tIRA transfer out from Etrade
Replies: 3
Views: 254

Re: tIRA transfer out from Etrade

Cut the cord, no use having old accounts with minimal sums, just makes life complicated.
by mhalley
Thu Jan 05, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity FullView
Replies: 15
Views: 1243

Re: Fidelity FullView

I have given my passwords to multiple different aggregators over the years. Fidelity FullView. Vanguard. Sigfig. Mint. Personal Capital. Never had any problems. Is there a potential for something to happen? I suppose. I think it is pretty low and worth it for the features I get from various sites. I...
by mhalley
Thu Jan 05, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: online personal finance tracking with manual accounts
Replies: 1
Views: 256

Re: online personal finance tracking with manual accounts

I found contacting personal capital with problems with accounts not aggregating resulted in them fixing the problem. They also allow for putting in manual accounts if they can't fix the problem. Another option is to use morningstar. You can. Access morning star free if you set up a t rowe price logi...
by mhalley
Thu Jan 05, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: VG requesting change from Rollover IRA to Rollover IRA Brokerage Acct
Replies: 3
Views: 328

Re: VG requesting change from Rollover IRA to Rollover IRA Brokerage Acct

Multiple posts regarding this. Vanguard is consolidating all their accounts into brokerage accounts. A few people had problems with the transition, but most people like me had no problems. Eventually they will probably force the change, so IMO might as well do it.
by mhalley
Wed Jan 04, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Rookie wanting to learn...everything about investing
Replies: 18
Views: 1031

Re: Rookie wanting to learn...everything about investing

Throwing some of the money at the student loan is not a bad idea. Keeping some for an emergency fund would also be prudent. At 6.8% I would probably try to max out Roth and 401k before really attacking it, as per wci suggestions in his post on debt vs investing. http://whitecoatinvestor.com/student-...
by mhalley
Wed Jan 04, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Rookie wanting to learn...everything about investing
Replies: 18
Views: 1031

Re: Rookie wanting to learn...everything about investing

As this is the boglehead forum you will find we kind of like vanguard. There are also many here who like Schwab and fidelity. Start off by reading the wiki on getting started and the three fund portfolio. Also read if you can how millineals can get rich. https://www.bogleheads.org/wiki/Getting_start...
by mhalley
Wed Jan 04, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Rookie wanting to learn...everything about investing
Replies: 18
Views: 1031

Re: Rookie wanting to learn...everything about investing

As this is the boglehead forum you will find we kind of like vanguard. There are also many here who like Schwab and fidelity. Start off by reading the wiki on getting started and the three fund portfolio. Also google if you can how millineals can get rich.
by mhalley
Wed Jan 04, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Don't Shoot. Questioning 401k
Replies: 28
Views: 2956

Re: Don't Shoot. Questioning 401k

The future is unknowable. All you can do is act on what you know now. If taxes are higher when you have to take out your 401k money, at least you will have been saving on autopilot and have money to be taxed. There is no guarantee that investing in taxable would be better, they could always convert ...
by mhalley
Tue Jan 03, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Life Insurance for College Savings - Need Help
Replies: 2
Views: 235

Re: Life Insurance for College Savings - Need Help

It is VERY unlikely you will owe any tax on the policy. I would check your statement for cash value and compare that to the total premiums paid.
by mhalley
Tue Jan 03, 2017 2:25 pm
Forum: Investing - Theory, News & General
Topic: Paying Vanguard (Roth) IRA transaction fees from a non-retirement account
Replies: 6
Views: 382

Re: Paying Vanguard (Roth) IRA transaction fees from a non-retirement account

You can't pay fees that occur inside a Roth or traditional Ira from money not in that account. On the bright side, the 7 dollar fee drops to 2 when you reach 500k :happy The answer till you reach that level is to only buy vanguard funds and ETFs in that account. If there is a fund you can't live wit...
by mhalley
Tue Jan 03, 2017 12:20 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5255

Re: Is Tax Loss Harvesting Worth the Hassle?

Kitces has a good article on the subject. He gives several examples, discusses the % gain etc. "The bottom line, though, is simply this: tax loss harvesting (TLH) does have some economic benefit over time, although it’s driven not by the outright savings (typically measured by “tax alpha”), but...
by mhalley
Tue Jan 03, 2017 3:50 am
Forum: Investing - Help with Personal Investments
Topic: Rollover 403(b) or Backdoor Roth
Replies: 5
Views: 282

Re: Rollover 403(b) or Backdoor Roth

Would probably depend on the amount in the 403. If it is a very large amount, then the high expense ratio has a large affect on your overall er. If the amount is relatively small compared to your overall portfolio, your average er would still be low, making paying the high er worth having access to ...
by mhalley
Tue Jan 03, 2017 3:35 am
Forum: Personal Finance (Not Investing)
Topic: date of check and mailing vs postmark date
Replies: 11
Views: 989

Re: date of check and mailing vs postmark date

I think the rule is the postmark. From the accounting web article I linked: Just as long as you put payments in mailboxes in sufficient time for letters to be postmarked by midnight Dec. 31 , you nail down deductions for this year, even if your checks reach recipients next year. That applies to paym...
by mhalley
Tue Jan 03, 2017 2:59 am
Forum: Personal Finance (Not Investing)
Topic: date of check and mailing vs postmark date
Replies: 11
Views: 989

Re: date of check and mailing vs postmark date

Looks like you may miss out on some of the deduction. (I am NOT an expert on ANYTHING, esp TAXES!) The IRS websites states the following, "To be deductible, the tax must be imposed on you and must have been paid during your tax yea r," (Tax Topic 503, IRS.gov). Eligible expenses that can b...
by mhalley
Tue Jan 03, 2017 2:26 am
Forum: Personal Finance (Not Investing)
Topic: Advice on possible move. Investment vs lower mortgage
Replies: 3
Views: 550

Re: Advice on possible move. Investment vs lower mortgage

At 3.5% Most would say that financially, it probably makes more sense to invest rather than pay off the mortgage. BUT, this is PERSONAL finance, and there is a great feeling to being debt free. That being said, nothing has to be absolute. If you save X dollars a month, there is no rule that says it ...
by mhalley
Tue Jan 03, 2017 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Please suggest websites/software for tracking investments, net worth, budget
Replies: 16
Views: 1695

Re: Please suggest websites/software for tracking investments, net worth, budget

Longtime user of Mint and Personal Capital, both do a very good job. Another option is to use the brokerage link from your main accounts. There is a boglehead thread on using Vanguards tools, which also has a section on using Fidelitys. I don't know about other accounts, but I imagine most of them h...
by mhalley
Tue Jan 03, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Is this asset allocation correct?
Replies: 23
Views: 1449

Re: Is this asset allocation correct?

The portfolio seems fine to me. To get the cheapest fa, you could go with vanguard pas, fidelity go, or schwab intelligent portfolio. I don't think you will achieve 3% on your bond fund right now. You could try shortening the duration, but that will decrease the yield. Plus, I don't think vanguard h...

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