Search found 436 matches

by sco
Mon Mar 27, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Child Planning Checklist
Replies: 29
Views: 1560

Re: Child Planning Checklist

And, our babies slept right through the noise and din. I can't remember who advised us to just carry on normal activities, but it worked for us. Do this, most people don't figure this out until the 2nd kid.. (When the 1st kid is on their own schedule).... Baby will adapt quickly, and be a much bett...
by sco
Mon Mar 27, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover or not?
Replies: 2
Views: 99

Re: Rollover or not?

Is it really 6.5% to her, or 6.5% returns to the fund, then minus the expenses, etc, etc?


6.5% would be awesome, if it was true..
by sco
Sat Mar 25, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance?
Replies: 18
Views: 1120

Re: How much life insurance?

IF you buy now.. THink about the term as well. 20 years, 25 30? How long until you don't have that major expense drain, sorry children? Wlil you be comfortable retiring without life insurance? Lock in a long term rate, as much as you think you need. and don't be afraid to add more/cancel more as nee...
by sco
Sat Mar 25, 2017 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics
Replies: 20
Views: 906

Re: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics

^ SCO, Nonetheless, there are very specific laws that DO cover the uniqueness of 401k's. Another case in point that might clarify as well. I find in the interesting that when you're in the RMD stage of investing, there are very clear rules on what you must do as you take money out of your accounts....
by sco
Fri Mar 24, 2017 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics
Replies: 20
Views: 906

Re: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics

This has been posted frequently. There is nothing in the IRS regulations regarding 401(k), 529, or HSA holdings being involved with wash sales. Only IRAs are mentioned, along with spousal accounts. Understood... just not sure what the penalty is outside of a wash sale if one wants to follow the let...
by sco
Fri Mar 24, 2017 11:06 pm
Forum: Personal Consumer Issues
Topic: Help Overcoming a Lead Paint Phobia
Replies: 32
Views: 1924

Re: Help Overcoming a Lead Paint Phobia

How old of a place? And where?
by sco
Fri Mar 24, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: Where to live in Kansas City, student at UMKC
Replies: 4
Views: 417

Re: Where to live in Kansas City, student at UMKC

Beware of the KCMO earnings tax (1%)

:)
by sco
Fri Mar 24, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics
Replies: 20
Views: 906

Re: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics

I appreciate the clarity that several of these posts have provided. What's the saying "Sometimes you can't see the forest for the Trees.." I think I will follow the letter of the law on this one. I do a single annual contribution to Roth IRA. If it looks like there is a TLH chance, I'll ju...
by sco
Thu Mar 23, 2017 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics
Replies: 20
Views: 906

Re: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics

The op certainly doesn't want be the first of anything with the IRS...

Thanks for pointing out the TLH documented, I had read it a while back but it made more sense this time around.
by sco
Thu Mar 23, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics
Replies: 20
Views: 906

Re: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics

This has been posted frequently. There is nothing in the IRS regulations regarding 401(k), 529, or HSA holdings being involved with wash sales. Only IRAs are mentioned, along with spousal accounts. Understood... just not sure what the penalty is outside of a wash sale if one wants to follow the let...
by sco
Thu Mar 23, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics
Replies: 20
Views: 906

Re: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics

sco, If you can only hold one fund in the taxable account and your goal is TLH, you should keep your small cap fund in the taxable account. It is most volatile and most likely to generate TLH opportunity. KlangFool Good point.... I could hold more than one, I had just been focused on TSM I guess.
by sco
Thu Mar 23, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics
Replies: 20
Views: 906

Re: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics

OP, Let's take an example. Basically, you choose to let the taxable account and HSA/401K/IRA track a close but different index. For example, 1) HSA/401K/IRA only buy S&P 500 index fund. 2) Taxable account only total stock market index fund. Or, you can do the reverse and it will work. KlangFool...
by sco
Thu Mar 23, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics
Replies: 20
Views: 906

Re: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics

You are worried about inconsequential things. But when you want to TLH in your taxable account then you can just temporarily change what your HSA and 401(k), and IRA contributions buy in the next few weeks. Then change back when you feel like it. Or you can just deal with it like I did in the TLH d...
by sco
Thu Mar 23, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics
Replies: 20
Views: 906

Tax Loss Harvesting with Automated Contributions (401k, HSA, Etc) Logistics

I've read a lot of the TLH threads.. Here is the one thing that I can't wrap my head around.. Say I have several accounts automatically purchasing tax differed or tax except. I am basically purchasing whatever is available within the limitations of the HSA/401k S&P Index Total Stock Market Total...
by sco
Thu Mar 23, 2017 12:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 31
Views: 2748

Re: Vanguard: "Important: We've been unable to reach you by email"

My son freq gets these on his gmail account, I never have on my gmail account...
by sco
Wed Mar 22, 2017 10:33 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 96
Views: 12442

Re: What % of your income have you converted to wealth?

35% at age 30. I do not see it rising above 40-45% for another 8 years due to kids, daycare and other expenses. Regarding the metric, one of the issues is the 401k match not showing up in income but in the numerator. I don't see that as an issue, so much as good judgement as far as career decisions...
by sco
Tue Mar 21, 2017 8:56 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 96
Views: 12442

Re: What % of your income have you converted to wealth?

35% for a 39/40 year old couple..

I think I'm a crappy saver compared to some of you :)
by sco
Tue Mar 21, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity vs. Vangard?
Replies: 57
Views: 4540

Re: Fidelity vs. Vangard?

Some of us have had all four, vanguard, fidelity, schwab and TD.... Vanguard has the worst service and the best range of low cost products... I'm now down to fidelity and vanguard, Work sometimes make a decision on an account that allows you to simplify to one brokerage.... and other times you may w...
by sco
Tue Mar 21, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund
Replies: 8
Views: 369

Re: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund

At a lot of places the sweep/cash accounts rates and short-term bond choices are lacking. This is for a reason. Just use total bond and dilute with Fidelity Short-Term Treasury Bond Index Fund (FSBAX) for lower vol if desired, if you don't want to just trade the T-notes yourself. That's assuming yo...
by sco
Tue Mar 21, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund
Replies: 8
Views: 369

Re: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund

I don't think the difference, particularly under $50k, is worth worrying about. Fidelity probably manages their fund a little more aggressively, partly in an attempt to make up for the higher expenses, but it has pretty consistently performed as well or better than the Vanguard fund. I'd prefer low...
by sco
Mon Mar 20, 2017 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund
Replies: 8
Views: 369

Re: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund

I don't think the difference, particularly under $50k, is worth worrying about. Fidelity probably manages their fund a little more aggressively, partly in an attempt to make up for the higher expenses, but it has pretty consistently performed as well or better than the Vanguard fund. I'd prefer low...
by sco
Mon Mar 20, 2017 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 4483

Re: My son wants to move to Hong Kong

Hong Kong is a nice city.. Also, it is very expensive. The Cultural differences I find very interesting, nothing to be concerned about.. Just figure out how to afford to live there :)
by sco
Mon Mar 20, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund
Replies: 8
Views: 369

Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund

I am looking for a Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund, and am only finding a fund with too high of an expense ratio, for such a fund. Vanguard Fund VFIIX Vanguard GNMA Fund Expense ratio 0.21% (3k min) Vanguard GNMA Fund Admiral Shares Expense 0.11% (50k min) I'd be happy with some...
by sco
Tue Mar 14, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: who should i choose to help me??
Replies: 52
Views: 4608

Re: who should i choose to help me??

Northwestern Mutual agent= not having that call saved you more than you can imagine...


Loan to aunt = even if this goes smooth this will not be a windfall for you, is it worth the risk of that much of your money? What about the risk the the relationship? I say no...
by sco
Sun Mar 12, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: How frequently is it okay to check in with an investment advisor?
Replies: 22
Views: 1362

Re: How frequently is it okay to check in with an investment advisor?

There is pretty much no way this will cost you only $125 a year... maybe that in addition to a bunch of high load (commission) funds...
by sco
Fri Mar 10, 2017 11:02 pm
Forum: Personal Consumer Issues
Topic: CA: Car Won't Pass Smog Check
Replies: 8
Views: 746

Re: CA: Car Won't Pass Smog Check

It is obvious to me that you have no choice here, you must move to another state....
by sco
Fri Mar 10, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: At what $ level should someone really start diversifiying?
Replies: 25
Views: 2061

Re: At what $ level should someone really start diversifiying?

Target date is fine anywhere between $100 and 10 Million... Better that what most people will do anyway...

Realisticaly, perhaps look at other options between 50-100k if you can save on expenses.
by sco
Wed Mar 08, 2017 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Am I Paying Too Much in Expense Ratio?
Replies: 27
Views: 1713

Re: Am I Paying Too Much in Expense Ratio?

Are you paying 1% to this advisor as well?
by sco
Wed Mar 08, 2017 1:07 am
Forum: Investing - Help with Personal Investments
Topic: Helping my MIL figure out her holdings (Current: paper Lucent stock certificate)
Replies: 45
Views: 3635

Re: Helping my MIL figure out her holdings (no idea where)

The 1099s come from the banks and brokerages, they will have been reported regardless of what her tax guy did..
by sco
Wed Mar 08, 2017 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Wedding cash gift
Replies: 68
Views: 3642

Re: Wedding cash gift

It could very well also be that this is not a wedding gift, but a gift for you two to start your life together.... However you see fit, its up to you to both decide how much is going to the wedding, honeymoon and beyond... Around here that is a wicked expensive wedding. And could easy be a large wed...
by sco
Tue Mar 07, 2017 1:15 am
Forum: Investing - Help with Personal Investments
Topic: Think I'm ready, but not overly confident
Replies: 28
Views: 2777

Re: Think I'm ready, but not overly confident

Figure out if you can get a severance, otherwise just leave on your own terms.

You are in fine shape, even if you have a few years of what you consider high expenses...

We would all love to be in your position, good luck and enjoy retirement.
by sco
Tue Mar 07, 2017 1:08 am
Forum: Investing - Theory, News & General
Topic: New Investor – Novice Jitters
Replies: 32
Views: 2482

Re: New Investor – Novice Jitters

THe others have said much better than me... But let me try to say something as simple as possible. When do you hope to retire? Is it 20-30 years? Pick a number. There's your target, now you need to pick an allocation that can allow you to do 2 things. 1 reach your target with a reasonable level of c...
by sco
Mon Mar 06, 2017 11:55 am
Forum: Investing - Theory, News & General
Topic: Did you buy SNAP?
Replies: 85
Views: 6414

Re: Did you buy SNAP?

investingdad wrote:I don't understand the product or how it makes money.


They don't... I think they are trying to make up for that with volume though..
by sco
Mon Mar 06, 2017 12:30 am
Forum: Investing - Help with Personal Investments
Topic: A look at my new asset allocation
Replies: 17
Views: 1678

Re: A look at my new asset allocation

Edward Jones and American Funds are both :twisted: when it comes to low cost investing. Are you stuck with both? I am not stuck with either one. I did not do enough research to understand how crappy AF can be, and Up until now Edward Jones, was only charging me 100$ for my 3 accounts, plus other fe...
by sco
Fri Mar 03, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 10995

Re: Why can't I save enough to have decent vacation or restaurant meal

Echo the suggestion of a detailed category based budget. Don't even try to spend less the first 2 months that you track everything, just see where everything goes. If a vacation a good meal out are a priority, you will find other things that aren't as high on the list. Rarely can a couple look at th...
by sco
Fri Mar 03, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put this years bump in salary?
Replies: 4
Views: 772

Re: Where to put this years bump in salary?

Questions $4,500 annual raise coming, I'd like to minimize taxes. Normally I would just pile this into the 403b or 401k. Where should I best put it? See below . . . . . . 2. Thinking to the future Is there any benefit to trying to put as much as possible in the 403b? Obviously need to still get the...
by sco
Fri Mar 03, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put this years bump in salary?
Replies: 4
Views: 772

Re: Where to put this years bump in salary?

Great questions, I have added information above.
by sco
Fri Mar 03, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Where to put this years bump in salary?
Replies: 4
Views: 772

Where to put this years bump in salary?

Short Summary, Currently socking away about 20% into retirement accounts. 31k out of about $150k gross household. Married 40 year olds. 25% federal, 5% state income taxes. Only debt is Mortgage (Fixed 4.25%, less than 100k remaining), two steady jobs. For years we just maxed the 401k, but recently F...
by sco
Thu Mar 02, 2017 9:29 am
Forum: Investing - Theory, News & General
Topic: Market up but VTSAX down???
Replies: 21
Views: 2055

Re: Market up but VTSAX down???

If I want to check things, I do one of the following. Normally just C. A. login during the day and realize I am looking at yesterday's NAV prices B. Wait until after 10pm EST (some of my accounts take forever to update) C. Just have a watch list and include the matching ETF for the broader markets. ...
by sco
Thu Mar 02, 2017 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Are my 401k investments good, or should I change funds / change percentages?
Replies: 9
Views: 671

Re: Are my 401k investments good, or should I change funds / change percentages?

Update : I started Typing this before Taylor posted above. His way is simpler than mine, it just depends which way you want to go. If there really are only two accounts in the whole portfolio, I might lean towards all target date. I do have one other investment, a Roth IRA, Vanguard Target retireme...
by sco
Thu Mar 02, 2017 12:46 am
Forum: Personal Finance (Not Investing)
Topic: New YouTube TV Service $35 per month
Replies: 43
Views: 4477

Re: New YouTube TV Service $35 per month

My mother called me a couple weeks ago. She is cutting the cord. She was stuck with a cable company that wanted well over $200 mth for basic cable. Condo/Apartment options are limited and they know it. She consistently watches 3 shows and then the local news. There was no cheaper package, so she is ...
by sco
Wed Mar 01, 2017 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: 17 year old just starting/need advice
Replies: 28
Views: 2054

Re: 17 year old just starting/need advice

Regarding the low minimum.... When you have less than 1k in the account, just log in occasionally and buy a share of VTI, or some other Vanguard ETF. When you get to 1k, sell anything you have and put all your money into a Target date fund. Re-evaluate around 15-20k in the account.. Use the time bet...
by sco
Wed Mar 01, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Easy Ways to Save a Little Money (Like Churning)
Replies: 21
Views: 3672

Re: Easy Ways to Save a Little Money (Like Churning)

You churn cards to get the bonus, pocket it and then leave. On to the next card (could be the next month or a few months)... If you can hit the spending limits without actually increasing your expenses than they can be very worth it. I haven't paid for many plane tickets on our family vacations the ...
by sco
Wed Mar 01, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: 403b or 529 Contribution?
Replies: 12
Views: 653

Re: 403b or 529 Contribution?

$1.50/mth is far outweighed by having a low cost fund, at least in the long term. I assume the Vanguard funds are low cost in your plan? I wouldn't hesitate to contribute to the 403b.. If my math is correct once your balance is 10k, this fee would be the equivalent of 18 basis points, it will go dow...
by sco
Mon Feb 27, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 56
Views: 5422

Re: Check Your Beneficiaries!

Let me give an example of "unintended consequences" of dependence on POD/TOD (ot other) beneficiary designations vs. will or truat. Suppose you have three children and have, say for example, $600,000 in accounts that, upon your death, should go to (or be used for the benefit of) children ...
by sco
Mon Feb 27, 2017 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market Question
Replies: 19
Views: 1767

Re: Vanguard Money Market Question

How much money are you regularly moving around that $150K a day is a problem? Less than that regularly. So, when MM rates were so unattractive, online savings was the best option. Now that MM rates are less unattractive, I like the liquidity. So have an ally checking account and move the money ther...
by sco
Sun Feb 26, 2017 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on Time shares
Replies: 123
Views: 7909

Re: BH thoughts on Time shares

I get going and getting the free stuff from the presentation... I don't understand buying the timeshare, sometimes multiple timeshares along with extra points, etc... last thing I want to do it deal with that when I am not on vacation. I'd rather just find a reasonable deal on whatever vacation we a...
by sco
Mon Feb 20, 2017 11:58 pm
Forum: Personal Consumer Issues
Topic: Anyone have a house keeper ("Mommy's" helper)?
Replies: 23
Views: 2409

Re: Anyone have a house keeper?

I live overseas, in an Asian city where it is very common to have live-in household help. Almost every family with small children will employ one. We hired a live-in helper when our baby was born last year. It is, in a word, PHENOMENAL. Before we hired her my evening routine was rushing home from w...
by sco
Sat Feb 18, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: FSA: leaving job mid-year, can employer come after me for contributions?
Replies: 13
Views: 1098

Re: FSA: leaving job mid-year, can employer come after me for contributions?

Always spend the FSA funds as early as possible in the year...

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