Search found 237 matches

by nyclon
Sun Jun 17, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance for Young Couple
Replies: 28
Views: 2147

Re: Term Life Insurance for Young Couple

You are being up sold. Just lock in a 20 year term policy. I absolutely agree with “up sold”. The Guardian policy may be convertible - but the majority of term policies from other companies are also. Choose based on price primarily, and get a convertible policy if important to you. You may find tha...
by nyclon
Sun Jun 17, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Can we afford to drop our 401k contributions to pay for college?
Replies: 17
Views: 1960

Re: Can we afford to drop our 401k contributions to pay for college?

You may not have mentioned it for a reason, but, for what it's worth you may also have the benefit of social security to assist your retirement portfolio.
by nyclon
Sat Jun 16, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: High Dividend Stocks as bond substitute?
Replies: 36
Views: 2999

Re: High Dividend Stocks as bond substitute?

First, I find this forum very useful, lots of good information here. I feel like I am ready to drink the proverbial coolaid and commit to an asset allocation model portfolio. In principal I would like to go 70/30 stocks bonds, but I am really concerned about macro issues that surround bonds. 1. Fro...
by nyclon
Fri Jun 15, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: $75,000 bonus - help me with my plan
Replies: 20
Views: 2287

Re: $75,000 bonus - help me with my plan

Hi everyone, Not sure if I am posting this in the correct area but mods can move it if needed. :) I am receiving a $75,000.00 pre-tax bonus (sales commission, to be specific) exactly one month from now and I am trying to plan on how best to utilize these funds. As a salesperson, I have a highly var...
by nyclon
Thu Jun 14, 2018 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 32
Views: 1670

Re: Callable bond- maintain or take loss?

I hope it is all right to mention Institutional names on this blog. Financial advisor firm was JP Turner and they switched to Centarius- it w/b the compliance Dept of JP Turner whose is no longer associated with that financial advisor. I also switched advisors for these CDs—thought was to let him r...
by nyclon
Tue Jun 12, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 60
Views: 5920

Re: Boring Job

Okay everyone looking for some advice. Just graduated from college a few months back and landed my first job. At first I was really enjoying the job and excited to go to work but now I have been assigned to a task that only takes about 2 hours of actual work per day. I come from a job where I could...
by nyclon
Sun Jun 10, 2018 8:55 pm
Forum: Personal Consumer Issues
Topic: Tv mount with no studs
Replies: 20
Views: 1868

Re: Tv mount with no studs

Hi all! Me again. Hoping to mount a 50 inch tv but I don't have any studs in my basement. It is drywall with concrete block behind it. Anyone ever done this? I'm looking to DIY unless there was an affordable way of a pro doing it. I'm wanting the tv to be able to swivel not just be forward facing. ...
by nyclon
Sun Jun 10, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 49
Views: 3916

Re: Where to invest $50K+ down payment money for five years?

Is a money market account or money market fund still the recommended option?? Five years seems like a pretty long time so I am tempted to put at least SOME of it into stock mutual funds. What do you recommend? Also, even thigh I have $50K currently saved for the down payment, I will continue to sav...
by nyclon
Tue Jun 05, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed: $800,000 in cash, 2-year time horizon
Replies: 25
Views: 3346

Re: Advice needed: $800,000 in cash, 2-year time horizon

Keep in mind that with the portfolio above your weighted average duration is around 6.7 years * 40% = 2.7 plus 24 days (vyfxx duration) * 60% So, very similar profile to the single bonds you're considering but without the retail investor liquidity fee and includes a managed, diversified portfolio. ...
by nyclon
Tue Jun 05, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed: $800,000 in cash, 2-year time horizon
Replies: 25
Views: 3346

Re: Advice needed: $800,000 in cash, 2-year time horizon

With individual munis you aren't as diversified as a fund, and if you want to sell prior to maturity you may have to pay a liquidity "fee". What I like about vnyux is that it is not passively managed and there are folks doing a lot of due diligence prior to buying. And if I need sell, I won't have ...
by nyclon
Mon Jun 04, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed: $800,000 in cash, 2-year time horizon
Replies: 25
Views: 3346

Re: Advice needed: $800,000 in cash, 2-year time horizon

The top New York City bond has a YTM of 1.793%, which is a pre-tax yield of 3.55%! Just to round this out, running a search on corporate bonds that are A+ or above (5 runs down with S&P), the top YTM was 3.075% with Lloyds Bank, significantly below the muni equivalent. So it seems like individual m...
by nyclon
Wed May 23, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: 529 maximum contribution for myself as beneficiary
Replies: 4
Views: 419

529 maximum contribution for myself as beneficiary

Hi, if we are MFJ couple and we have a 529 account where one of the spouses is beneficiary, and another account for a child, I understand the max contribution for a year is $14k for the child (ignoring super funding) What is the limit for the spouse as beneficiary? The idea would be to ultimately ro...
by nyclon
Mon May 21, 2018 10:09 pm
Forum: Investing - Theory, News & General
Topic: Typical interest rate earned by target date funds in retirement?
Replies: 28
Views: 2030

Re: Typical interest rate earned by target date funds in retirement?

Is there a common interest rate that people use once they enter retirement and begin drawing retirement? For instance, would a target date earn 3% interest once it reaches the target date (on average, over 30 years)? This isn't rooted in empirical data - in my personal finance models I model inflat...
by nyclon
Mon May 21, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans To Launch Total World Bond ETF
Replies: 30
Views: 3404

Re: Vanguard Announces Plans To Launch Total World Bond ETF

What is the ratio of Domestic vs International in the Total Bond? Roughly 50/50. See this thread: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=207804&start=100#p3891874 Interesting - that's a much different ratio than the 70/30 US/intl bond fund ratio vanguard uses in their fund of funds.
by nyclon
Sat May 19, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6116

Re: What’s your phone/internet bill?

Internet: $0. The fifth phone stays in our home with hotspot on 24/7. That line costs $35 with hotspot. We could easily get rid of it and just add hotspot to another line for $10, effectively reducing the phone bill to $110. How fast is the Wi-Fi hotspot? TravelforFun A speed test on my laptop is s...
by nyclon
Sat May 19, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6116

Re: What’s your phone/internet bill?

Just wondering how much everyone pays for phone and internet, and what people have done to help lower it. $135 all in for five lines and internet. Cable: $0; Cord cutter here - basic cable + some extra channels is free with $20 HD antenna. Phone: $135 for 5 lines (one with hotspot) with unlimited t...
by nyclon
Thu May 17, 2018 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 3012

Re: Fellow non-529ers

Regarding getting "slaughtered on taxes" when trying to withdraw excess funds - is it really that much worse than the taxes you'd pay in a taxable account? IIRC there is an additional 10% tax on capital gains when you withdraw for reasons other than school expenses, but there's also been years of t...
by nyclon
Tue May 15, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4009

Re: Vanguard Junk Bond fund

Less risk than the Vanguard S&P 500 fund, virtually no defaults in the past 10 years, duration of of only 4.4 years, a yield of 5.5%+ and a great active manager with a proven track record who buys conservatively. Totally anti- Boglehead I know but what's not to like ? Genuinely puzzled. CLOs backed...
by nyclon
Tue May 15, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Now that we know we're just digital prey, tell me about ad blockers and other apps and which ones are best
Replies: 17
Views: 1515

Re: Now that we know we're just digital prey, tell me about ad blockers and other apps and which ones are best

ad blockers actually are some of the worst offenders in tracking you. they sell your data to advertisers to further target you. they're trojan horses. https://www.wired.com/2016/03/heres-how-that-adblocker-youre-using-makes-money/ try this blocker and see how many companies are tracking you. it is l...
by nyclon
Thu May 10, 2018 7:25 am
Forum: Personal Consumer Issues
Topic: Custom suit needed for a wedding. Help me shop around!!
Replies: 30
Views: 2216

Re: Custom suit needed for a wedding. Help me shop around!!

Title pretty much says it...but here's some backstory... My best friend of 20+ years is getting married and I'm the best man, and the only guy member of his bridal party. He is...well...what you'd call a real challenge for any tailor or any off the rack suit: bodybuilder with huge chest and shoulde...
by nyclon
Tue May 08, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k that permits loans
Replies: 3
Views: 276

Re: Solo 401k that permits loans

While job-hunting, while trying to move away from a previously well-paying self-employment, in an VHCOLA, I've exhausted my cash buffer and emergency fund, and dipped far into credit cards. There's always a danger of accidentally missing a payment on a card, and having them all go to 30% penalty ra...
by nyclon
Tue May 08, 2018 9:16 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3697

Re: Why do so many Americans not own stocks?

1. As stated above most americans are not in a position to save.
2. If they are, human instinct kicks and as a result folks are greedy for the short term; e.g. YOLO
by nyclon
Sun Apr 29, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Services that offer to buy your house?
Replies: 22
Views: 2523

Re: Services that offer to buy your house?

Has anyone had experience with those services who offer to buy your house for cash? If so (or even if you just know anything about such services from realtors or other entities), can you provide any opinions? What kind of research or preparation should be done before contacting or dealing with thes...
by nyclon
Sat Apr 28, 2018 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: High Tax Bracket Fixed Income Question New York - 3 Fund Portfolio
Replies: 10
Views: 972

Re: High Tax Bracket Fixed Income Question New York - 3 Fund Portfolio

Thanks for the response. However I guess my question is would anyone invest in NAN from NY because Burton Malkeil recommended to? What if John Bogle did? So let me ask you this: Malkiel recommends it today, tomorrow Malkiel or Bogle is no longer with us, what will you do next? What is your Plan B w...
by nyclon
Sat Apr 28, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do you need a physical for a Term Life policy?
Replies: 18
Views: 1626

Re: Do you need a physical for a Term Life policy?

Typically age & amount of coverage will determine how extensive the medical portion of your underwriting will be (Life Insurance Underwriting Guide). The older you are and the more coverage you want, the more medical information the underwriter/insurance company will want. Regarding your underwriti...
by nyclon
Sat Apr 28, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31778

Re: Those with high savings rate: why?

Is it because you want to retire early, or You are not sure what the future holds, e.g. low job security, or You want to leave money to others, e.g. kids, grand kids, charity, or You have no interest in increasing your consumption now, including giving more money to charity etc. Any insights? Money...
by nyclon
Tue Apr 24, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: A la carte vs VTINX (Vanguard Target Retirement Income Fund)
Replies: 5
Views: 572

Re: A la carte vs VTINX (Vanguard Target Retirement Income Fund)

David Jay wrote:
Tue Apr 24, 2018 9:12 pm
I do not believe that an 11% withdrawal rate is sustainable. Something needs adjustment. You say you have no other assets, do you rent?
The scenario would be to rent. No other assets.
by nyclon
Tue Apr 24, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: A la carte vs VTINX (Vanguard Target Retirement Income Fund)
Replies: 5
Views: 572

Re: A la carte vs VTINX (Vanguard Target Retirement Income Fund)

Would appreciate the forum's feedback on the following scenario. Age: 80s, MFJ SS income: $2.3k/mo, heavily weighted toward one spouse Investable cash, all taxable: $150k No other assets Idea is to draw $1.3k/mo from taxable to cover living expenses after SS for a total of $3.6k/mo to spend. Consid...
by nyclon
Tue Apr 24, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: A la carte vs VTINX (Vanguard Target Retirement Income Fund)
Replies: 5
Views: 572

A la carte vs VTINX (Vanguard Target Retirement Income Fund)

Would appreciate the forum's feedback on the following scenario. Age: 80s, MFJ SS income: $2.3k/mo, heavily weighted toward one spouse Investable cash, all taxable: $150k No other assets Idea is to draw $1.3k/mo from taxable to cover living expenses after SS for a total of $3.6k/mo to spend. Conside...
by nyclon
Tue Apr 24, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 84
Views: 6501

Re: Structuring Newlywed Finances for Fairness and Less Arguments

Hi all- recently married. Wife and I need to sit down and figure out how to structure our shared finances now as a combined unit. Open to ideas from everyone's experience here. Wife and I are in the same line of work but I work more/longer to manage rental properties that I've had before we got mar...
by nyclon
Sat Apr 07, 2018 1:11 pm
Forum: Personal Consumer Issues
Topic: Need new bedroom furniture
Replies: 23
Views: 1348

Re: Need new bedroom furniture

We are moving from our home of 30 years to a patio home and my wife says our 40 year old bedroom furniture in our master bedroom is not coming with. I am not battling her on this, what we have is pretty beat up and not worth attempting to salvage, we will donate it if we can find someone who will a...
by nyclon
Sat Apr 07, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: Blackrock: new portfolios which remove exposure to civilian firearms
Replies: 34
Views: 1877

Re: Blackrock: new portfolios which remove exposure to civilian firearms

TxAg wrote:
Sat Apr 07, 2018 1:08 pm
Timely sales gimmick?
Yes and no; institutional investors are not as susceptible to marketing tactics.
by nyclon
Sat Apr 07, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: Blackrock: new portfolios which remove exposure to civilian firearms
Replies: 34
Views: 1877

Blackrock: new portfolios which remove exposure to civilian firearms

Summary: 1. Extending our lineup of ESG ETFs with two new funds that include screens to exclude civilian firearms 2. Offering a new line of products that are exclusively firearm-free available to certain institutional investors, including qualified U.S. pension plans such as 401(k) plans. Based on c...
by nyclon
Tue Feb 13, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 10096

Re: Job is starting to suck the life out of me.

Don't get too emotional about this; you are presenting yourself with a false dichotomy. I am going through something insane at work right now as well, and the only intelligent thing to do is BE CALM and rational. At the core of your relationship, you and your employer are trading time for money. Do...
by nyclon
Fri Jan 19, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Clothing donation and IRS form 8283: appraisal required?
Replies: 11
Views: 1180

Re: Clothing donation and IRS form 8283: appraisal required?

Thank you to all that have replied. Section 170 is much more clear than the way the form is written - based on the text of 170 I agree that if the aggregate donation value is above $5k, then an appraisal is required. I may simply take $5k. Having an appraiser come to review roughly 2-3,000 items was...
by nyclon
Fri Jan 19, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Clothing donation and IRS form 8283: appraisal required?
Replies: 11
Views: 1180

Clothing donation and IRS form 8283: appraisal required?

I've recently donated thousands of items (all of which are unused and some of which still have store tags attached). Using the ItsDeductible Fair Market Values for each of the items, I've calculated that the donation value at FMV is near $15,000. ItsDeductible FMVs are very close to goodwill store p...
by nyclon
Sun Jan 14, 2018 4:41 pm
Forum: Personal Consumer Issues
Topic: "EBATES" - For real, or scam ?
Replies: 14
Views: 1599

Re: "EBATES" - For real, or scam ?

Is EBATES really a "good thing", or is it a scam of some sort? Or is it just generally useless for most things? It's hard to get details without registering, but even then, experience could be different. If a company is shown, can one purchase *anything* online from that company, or does it turn ou...
by nyclon
Sun Jan 14, 2018 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Ways to withdraw from Kraken in USA?
Replies: 7
Views: 1229

Re: Ways to withdraw from Kraken in USA?

My plan is to convert my XRP (ripple) into bitcoin and send that from Kraken to GDAX and withdraw USD from GDAX. Has anyone in the USA had success with that or can you suggest a better method? I have read about trouble withdrawing USD directly from Kraken. Edit: Or I might add an extra step and con...
by nyclon
Sat Jan 13, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Renting in NYC for a new college grad. Best practices?
Replies: 24
Views: 2268

Re: Renting in NYC for a new college grad. Best practices?

I'm starting my first job out of school in NYC as a software developer later this spring. I'm trying to figure out the best practices for renting someplace, especially the mechanics around finding an apartment and getting a lease. I've never had a credit card or any loans, so I wouldn't expect to h...
by nyclon
Sat Jan 13, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: Cell Phone "family plans" Sprint for 4
Replies: 25
Views: 1928

Re: Cell Phone "family plans" Sprint for 4

So far, a month into the 4 phone "family" sprint plan - worked out well. We all have unlimited calls, unlimited texts, unlimited data (but not unlimited hotspot), free HULU. DW and I got new smart phones replacing the dumb phones we had. Son got the first bill and it looks like there are some start...
by nyclon
Sun Dec 24, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to sell a house efficiently?
Replies: 13
Views: 1105

Re: How to sell a house efficiently?

We want nothing more than legal and ethical, and do not want to upset anyone. However, it is clear from the track record we have that essentially forcing a decision has always been the way to lead the parent in the right direction; they get upset initially, but then accept that it was the right deci...
by nyclon
Sun Dec 24, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to sell a house efficiently?
Replies: 13
Views: 1105

Re: How to sell a house efficiently?

My father and mother are in their 80s and are seeking to sell their home in order to bolster retirement capital. The home was purchased in the late 70s and, based on its value, should net ~$110k after commission. Mortgage has been paid off for decades. Social security is their only source of revenu...
by nyclon
Sun Dec 24, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to sell a house efficiently?
Replies: 13
Views: 1105

Re: How to sell a house efficiently?

My father and mother are in their 80s and are seeking to sell their home in order to bolster retirement capital. The home was purchased in the late 70s and, based on its value, should net ~$110k after commission. Mortgage has been paid off for decades. Social security is their only source of revenu...
by nyclon
Sun Dec 24, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to sell a house efficiently?
Replies: 13
Views: 1105

How to sell a house efficiently?

My father and mother are in their 80s and are seeking to sell their home in order to bolster retirement capital. The home was purchased in the late 70s and, based on its value, should net ~$110k after commission. Mortgage has been paid off for decades. Social security is their only source of revenue...
by nyclon
Thu Dec 21, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 57906

Re: Tax Bill Omnibus Thread

Does paying estimated tax in December vs January 2018 apply to both state and federal tax, or just state? I have a large, anomalous capital gain this year for which I was planning to pay the tax in April. But it seems like I should pay in 2017 in order to itemize; having said that, I don't know if ...
by nyclon
Thu Dec 21, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 57906

Re: Tax Bill Omnibus Thread

Does paying estimated tax in December vs January 2018 apply to both state and federal tax, or just state? I have a large, anomalous capital gain this year for which I was planning to pay the tax in April. But it seems like I should pay in 2017 in order to itemize; having said that, I don't know if ...
by nyclon
Thu Dec 21, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 57906

Re: Tax Bill Omnibus Thread

The most important concerns for investors are to determine whether you will take the standard deduction, and recheck your marginal tax rate. ... If you will take the standard deduction in 2018 but not in 2017, make deductions this year. Pay your January 2018 estimated tax in December. Donate more t...
by nyclon
Wed Dec 13, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance: fine print and credit ratings
Replies: 13
Views: 1578

Re: Term life insurance: fine print and credit ratings [insolvency]

1) Are all of the available life insurance providers included here? Or, do some choose not to list on term4sale? I would suggest contacting one or more independent insurance agents to ensure you're not missing out on anything. 2) I am wary of bankruptcies and therefore want to reduce my counterpart...
by nyclon
Tue Dec 12, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: NBA Tickets
Replies: 24
Views: 1661

Re: NBA Tickets

J295 wrote:
Tue Dec 12, 2017 5:52 pm
Thanks everyone for the insight… We are in Houston right now so looking at a Rockets game.
The rockets use flashseats - try that in addition to stubhub. Flashseats will cancel and reissue the barcode.
by nyclon
Tue Dec 12, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance: fine print and credit ratings
Replies: 13
Views: 1578

Re: Term life insurance: fine print and credit ratings [insolvency]

1) Are all of the available life insurance providers included here? Or, do some choose not to list on term4sale? I would suggest contacting one or more independent insurance agents to ensure you're not missing out on anything. 2) I am wary of bankruptcies and therefore want to reduce my counterpart...