Search found 511 matches

by danaht
Mon Oct 15, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to company that allows Mega Backdoor Roth Conversion - Any prep needed?
Replies: 14
Views: 956

Re: Moving to company that allows Mega Backdoor Roth Conversion - Any prep needed?

Lucky! My employer only offers a traditional, or Roth option - but no after tax bucket. To make up for it - I convert some of my Rollover IRA to a Roth IRA. I figure it's the same income tax (no difference if it was earned this year (after tax bucket) or in a previous year (rollover partial conversi...
by danaht
Sun Oct 14, 2018 3:48 pm
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 73
Views: 3469

Re: How Much Is Your Sewer Bill?

augryphon wrote:
Sun Oct 14, 2018 3:41 pm
Water is about $20 and sewer is 2x water bill, so $60 per mo total
Mine is the opposite. Usually the water bill is very high - and the sewer bill is 1/2 of the water bill. Water is expensive where I live.
by danaht
Thu Oct 11, 2018 10:37 pm
Forum: Investing - Theory, News & General
Topic: Doubling down on EM [Emerging Market]
Replies: 55
Views: 5726

Re: Doubling down on EM [Emerging Market]

If it's in a taxable account - I think it might be better to own a total international ETF instead. Reason: China is close to becoming a "developed" country and may exit VWO in the next decade. Depending on how well Vanguard can swap out the China stocks - this might lead to a large capital gain if ...
by danaht
Sat Sep 29, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card charge- fraud or mistake?
Replies: 24
Views: 2360

Re: Credit card charge- fraud or mistake?

I think it is fraud. I am guessing someone probably skimmed your card from a device attached to a gas station pump - then cloned it with a physical card. The thieves then probably used that clone in a fast food restaurant in another state. On this topic - I can't wait for gas stations to start using...
by danaht
Wed Sep 26, 2018 10:10 pm
Forum: Investing - Theory, News & General
Topic: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine
Replies: 8
Views: 982

Re: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine

stlutz wrote:
Wed Sep 26, 2018 9:01 pm
Was there ever resolution to the question of whether REIT mutual funds/ETFs qualified for the favorable tax treatment?
My understanding is that the 199A 20% tax deduction benefit will only apply for individual REITs and will not apply for the funds (REIT mutual funds or ETFs).
by danaht
Tue Sep 25, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 117
Views: 7352

Re: Fed up with health insurance situation

OP - I was self employed earlier this year- but it was costing me $560 a month for an ACA one person plan. At least your $1040/month plan is cheaper per person than mine was. It's an outrageous cost anyway. And, I did exactly what you suggested - I joined a megacorp. I am enjoying a $18 a month prem...
by danaht
Sat Sep 22, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: Buying Put Options on the S&P 500
Replies: 22
Views: 2115

Re: Buying Put Options on the S&P 500

OP - Traders buy put options. Traders consider that insurance if the short term trade does not work out. Long term buy/hold investors usually don't buy put options. There is no need for a long term investor to do it - because a long term investor is never trying to time the market. A long term inves...
by danaht
Sat Sep 22, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 154
Views: 12112

Re: Considering Quitting Job - Seeking Advice. Would you do it?

OP your working 2.5x a normal person's hours. Your company better be compensating you 4x for this - if not I would leave. Get a job with a 40 hour work week and be happy. There are a lot of mega-corps that offer great benefits - and also keep the hours at 40. For instance, If I am forced to work mor...
by danaht
Sat Sep 22, 2018 7:15 am
Forum: Personal Consumer Issues
Topic: True cost of a [dental] implant
Replies: 71
Views: 11262

Re: True cost of a [dental] implant

Noticed this thread and was amazed at the prices quoted. My co-worker was at the dentist today - and he only paid the following with the mega corp's major dental plan: $75 - tooth extraction (charged today, and his tooth is now gone) $600 - implant (will be done 3 months later) I find this to be un...
by danaht
Fri Sep 21, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: True cost of a [dental] implant
Replies: 71
Views: 11262

Re: True cost of a [dental] implant

Noticed this thread and was amazed at the prices quoted. My co-worker was at the dentist today - and he only paid the following with the mega corp's major dental plan: $75 - tooth extraction (charged today, and his tooth is now gone) $600 - implant (will be done 3 months later) I find this to be unb...
by danaht
Fri Sep 21, 2018 8:01 pm
Forum: Investing - Theory, News & General
Topic: Over 120 Vanguard funds go transaction free at E*trade
Replies: 15
Views: 1652

Re: Over 120 Vanguard funds go transaction free at E*trade

This is a good for ETrade customers. I still prefer not to buy in ETrade - because ETrade does have a partial transfer fee. Merrill Edge, Fidelity, and Vanguard are my preferred places to buy ETFs - since all 3 do not have a partial transfer fee. note: Merrill Edge and Fidelity do have full transfer...
by danaht
Sun Sep 16, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 42
Views: 5870

Re: Thinking of Retiring at 52, Please Critique Plan

Sorry about the diagnosis. Given the new information - I think early retirement is an OK plan as long as you can limit your expenses a little. Have fun and enjoy life while you can!
by danaht
Sun Sep 16, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2277

Re: How to stay the course when you “think” you can outsmart the market

Just setup an automatic contribution to one or more broad based index mutual fund that takes most of your free income (the new Fidelity zero fee index funds might be good for this). If you do this - you won't have any extra money to gamble on cryptocurrencies or individual speculative stocks. note: ...
by danaht
Wed Sep 12, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Value?
Replies: 89
Views: 7482

Re: Amazon Prime - Value?

Prime is good if you can get a discounted membership. Wait for Amazon to offer a discount - or use a coupon somewhere else to get a discount. Also, if you are eligible - student Prime memberships are a good value.
by danaht
Sun Sep 09, 2018 7:53 am
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8504

Re: Can Sneakers go with Business Casual?

More companies are going to one step below business casual - and going to just plain "decent" casual. Where I work - jeans, polo shirts, and sneakers are the normal. Even shorts and flip flops are allowed. The company still has a few things that are not allowed - such as tank tops. But slowly work e...
by danaht
Mon Sep 03, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?
Replies: 44
Views: 8159

Re: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?

I also have a 401k through Empower. Is it possible I am not being charged any fees? I am looking in transaction history (my company switched from Transamerica to Empower on Jan 1st 2018) and since day one, I do not see any fee (other than the fund's expenses). When I search by "Fees" for the full y...
by danaht
Sun Sep 02, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?
Replies: 44
Views: 8159

Re: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?

I started a new job 3 months ago - and my new company's 401k is also though Empower. I have checked and there are no recurring maintenance fees - other than the fees that are charged in the mutual funds. The only index fund they offer in the plan is the Vanguard Institutional S&P 500 fund with a .01...
by danaht
Sat Sep 01, 2018 6:45 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1154
Views: 95250

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

I think investing in international should be done by most to diversify - as long as you are doing it with a cap weighted index. That way you are investing in the largest international companies. It's the small international companies that would scare me away. But I am fine with investing into compan...
by danaht
Tue Aug 28, 2018 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Health care question - self employed- Whats your plan? Advice Needed
Replies: 24
Views: 1958

Re: Health care question - self employed- Whats your plan? Advice Needed

As a self employed individual in TX this year - health insurance became so expensive for me. It was a very easy decision to make when a mega corp offered me a full time W2 position.
by danaht
Sun Aug 19, 2018 9:03 am
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8445

Re: Credit Card Fraud - $30K

The labor of monitoring accounts and increased fraud risk (with a tradeoff between the two) is a less-appreciated background expense of gaming credit card accounts. File under no free lunch. How soon can you usually close a credit card account - once you have received the free sign-up rewards? The ...
by danaht
Sat Aug 18, 2018 10:57 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8445

Re: Credit Card Fraud - $30K

Sorry to hear about this. One thing I would say is to never use the same password for any of your accounts. Use a password manager like "Password Safe" (https://www.pwsafe.org/) to create and store random complex passwords that are unique for each account you have. That way if a thief hacks a site -...
by danaht
Sat Aug 18, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 63
Views: 5610

Re: Bullish/bearish on GE? Make your case here - new lows today

I am neutral on GE. Seems like it has gone down enough to were it might be an OK purchase. Having said that - the past management has made some really bad business decisions. This included selling parts of their businesses (ie financial) when the these businesses were valued at extreme lows - and th...
by danaht
Thu Aug 16, 2018 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Are Roth conversions a no-brainer for me?
Replies: 22
Views: 2236

Re: Are Roth conversions a no-brainer for me?

If it wasn't for the state taxes - I would say it probably does make sense to convert at 12%. But even with the state taxes it might make sense. I reside in a no income tax state (TX) - and may retire in a high income tax state (CA). Because I'll probably be in a higher tax situation later - I am co...
by danaht
Sun Aug 12, 2018 10:31 am
Forum: Personal Consumer Issues
Topic: How to get 2nd number on smartphone?
Replies: 22
Views: 2316

Re: How to get 2nd number on smartphone?

If your using Android - Google Voice (also accessible via Google Hangouts) is the easy and "free" option to get a 2nd number. It seems to be free for most domestic US calls and there is no monthly fee. Google will assign you a free local number - or you can a pay a little fee to transfer another num...
by danaht
Sun Aug 12, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: REIT placement... Why not a Roth? Why tax-deferred?
Replies: 25
Views: 1662

Re: REIT placement... Why not a Roth? Why tax-deferred?

Due to recent tax reform - taxable is not a bad place for an individual REIT stock since you now get up to a 20% tax deduction. It's still preferred to put all REITs in a tax advantaged account because REITs pay large dividends. Also, if your buying a REIT index fund (or ETF) like VNQ - definitely p...
by danaht
Sun Aug 12, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe:Don’t Go “Mad Money”
Replies: 22
Views: 3412

Re: Larry Swedroe:Don’t Go “Mad Money”

If people invested in the "FAANG" stocks the day Cramer created the acronym - they probably would have done much better than the S&P 500 index - since technology has been the #1 sector the last couple of years. Having said that - he also gets picks wrong too. So - stay the course and invest in mostl...
by danaht
Thu Aug 09, 2018 6:15 pm
Forum: Investing - Theory, News & General
Topic: Is HSA Bank + TD Ameritrade still the best HSA choice?
Replies: 83
Views: 17629

Re: Is HSA Bank + TD Ameritrade still the best HSA choice?

I have an HSA through Optum Bank as required by my employer to receive their contribution. You're not required to keep the money there, though. The cash drag on $5,000 earning 0.2% is something over $100 per year, depending on what other fixed income you compare it to. I just got a new job where th...
by danaht
Tue Jul 24, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: AT&T Stock?
Replies: 17
Views: 2154

Re: AT&T Stock?

I have some AT&T stock. Still prefer to buy indexes - but I will buy individual company stock as well. AT&T is a dividend aristocrat - but that alone does not mean they will be able to keep on paying and raising the dividend. AT&T has made a few mistakes recently - and so the stock price has suffered.
by danaht
Sun Jul 22, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: Index-ish fund that lacks FAANG?
Replies: 45
Views: 4653

Re: Index-ish fund that lacks FAANG?

I believe FAANG are all in the large cap indexes. Just buy a medium or small cap index fund (VBR). That should exclude your FAANG stocks. Also foreign indexes like VEA, and VWO would exclude FAANG stocks. Although - VWO might have similar Chinese FAANG stocks like Alibaba and Tencent.
by danaht
Sat Jul 21, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax + deductions
Replies: 25
Views: 3250

Re: Property tax + deductions

Yes, $10,000 is the limit per year for state and local taxes (including property taxes). I will no longer be able to bunch my property taxes starting with 2018. On the positive side - I have decided to convert more to a Roth - because income brackets are a little lower for the next 6 years. Although...
by danaht
Sat Jul 14, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: massive Roth conversion
Replies: 39
Views: 3356

Re: massive Roth conversion

Another consideration would be whether or not you wish to make Roth contributions, since the phase-out limits would limit how much you can convert. :confused ... It is my understanding that a Roth conversion has no effect on how much you can contribute to a Roth - since Roth IRA conversions are not...
by danaht
Sat Jul 14, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: transferring funds from individual 401k to T Ira?
Replies: 6
Views: 347

Re: transferring funds from individual 401k to T Ira?

Vanguard can easily rollover the 401k to a IRA. But, since that is a solo 401k - you are probably "closing" the 401k by rolling it into a traditional IRA. If that is the case - then be sure to file all the tax forms. One of the forms I believe is the 5500 EZ - and it needs to be completed soon after...
by danaht
Sat Jul 14, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: Advice on IT Certification program
Replies: 93
Views: 4433

Re: Advice on IT Certification program

Another approach is to become the main (or only) IT support person at a small 20 to 50 person company. It's easy to get this type of job - because it doesn't pay much. Do this for a year - while also getting certificates in areas that you would like to work on (networking, programming, etc.) After a...
by danaht
Sun Jul 08, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in real estate with Roth IRA
Replies: 8
Views: 870

Re: Investing in real estate with Roth IRA

If you want to invest in real estate in a Roth - i would just buy shares of VNQ instead of trying to do something as complex as you mentioned.
by danaht
Sun Jul 08, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5935

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

brake fluid dirty: $169.95 most likely not necessary with only 8,000 miles. engine air filter dirty: $57 - you can easily do this yourself for about $8 at Autozone or Walmart a/c cabin filter dirty: $99.99 - you can easily do this yourself for about $8 at Autozone or Walmart tires rotation: $27.95 -...
by danaht
Sun Jul 08, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Best way to obtain older ROTH contribution #'s
Replies: 20
Views: 2668

Re: Best way to obtain older ROTH contribution #'s

Simple solution: just don't withdraw from the Roth until you're wife is 59.5 years old. Use (or build up) your emergency fund if/when you need cash.
by danaht
Sat Jul 07, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: View Vanguard account within Schwab (connected accounts)
Replies: 17
Views: 1416

Re: View Vanguard account within Schwab (connected accounts)

I am hoping that these brokerage firms will start allowing us to create "robo user id's" that have limited access to your account. Then I would feel more comfortable about entering the user name, and password for these sites. Until then - I am just keeping track of all my investments on Google Drive.
by danaht
Fri Jul 06, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put international?
Replies: 35
Views: 3781

Re: Where to put international?

I like to put the international funds that produce mostly unqualified dividends in my tax advantaged accounts (emerging markets ie VWO, SCHE) For the international funds that produce mostly qualified dividends (ie developed international VEA, or SCHF)- I like to place in a taxable account. note: som...
by danaht
Sun Jul 01, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 14214

Re: What are your property taxes?

In NJ (Monmouth County), my taxes are ~$10,000/yr. I was recently hit with a $2,000 increase in 2017. In NJ, there is a law on the books that the "rate" can only increased no more than 2% annually without special approval by the state. However, in my area they actually re-accessed the land and stru...
by danaht
Tue Jun 26, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 13
Views: 1112

Re: HSA question

There can be no general health insurance coverage before the minimum HSA plan type deductible is met: There can be no co-pay or co-insurance plan payments even if just for prescriptions. Actually you, can have a HSA qualified plan that bypasses the deductible on prescriptions that are "preventative...
by danaht
Sun Jun 17, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: new thinking under 2018 tax law?
Replies: 21
Views: 3475

Re: new thinking under 2018 tax law?

The 24% tax bracket is the bracket with the highest percentage savings with an almost 4% difference from the old rates. I'm using this opportunity to do Roth conversions every year. I stop converting once I reach the 32% bracket. <i'm using the single bracket>
by danaht
Sun Jun 17, 2018 12:52 pm
Forum: Personal Consumer Issues
Topic: Has Anyone Tried Youtube TV?
Replies: 55
Views: 6444

Re: Has Anyone Tried Youtube TV?

You Tube TV is the best. Allows you to record, fast forward, and rewind live-tv. Most other streaming services charge a great deal of extra $$$ for this as an add-on.
by danaht
Tue Jun 12, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: converting some traditional IRA to Roth
Replies: 45
Views: 2703

Re: converting some traditional IRA to Roth

Until I reach 60% deferred, and 40% Roth among my IRA/401k accounts - I will keep converting as long as the tax brackets currently stay in place. 60/40 is a great hedge on any future outcomes. I don't think I'll have enough time to finish converting - since I probably will only have 6 years for this...
by danaht
Sat Jun 09, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Existing Roth IRA
Replies: 15
Views: 838

Re: Existing Roth IRA

please do not do partial conversions. you backdoor the entire amount each year. otherwise you are paying unnecessary taxes and complicated your returns. If your in a situation where you only have the after tax contribution in your IRA (like most people doing a backdoor Roth) - then I agree that you...
by danaht
Sat Jun 09, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Existing Roth IRA
Replies: 15
Views: 838

Re: Existing Roth IRA

You can just leave your Roth the way it is - you just can't contribute to it directly. You can, however, still contribute to a traditional IRA on an after tax basis. When you do this - just be sure to keep track of your after tax basis (the total money you contributed to all your IRAs after taxes). ...
by danaht
Sat Jun 09, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Holding REITs in 401k- Brokeragelink
Replies: 4
Views: 447

Re: Holding REITs in 401k- Brokeragelink

Might be a good strategy - if you are good at picking stocks to hold for the long term. A lot of people do not like to buy individual stocks because individual stocks require constant monitoring and can be unpredictable - even after doing a lot of research. Using a brokerage-link to buy a REIT ETF l...
by danaht
Mon May 28, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Stock Market Index vs 500 Index
Replies: 18
Views: 4355

Re: Vanguard Total Stock Market Index vs 500 Index

If I had a choice - I would pick total stock market - since you get small and mid cap exposure too. My 401k only offers the institutional Vanguard S&P 500 fund - as the only index fund. So, I happily pick that one too, if given no choice. No complaints here.
by danaht
Mon May 28, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Career planning in IT/software development when over 40
Replies: 118
Views: 11733

Re: Career planning in IT/software development when over 40

If you stay with a company for too long - sometimes they can take advantage of your situation. It sounds like you have enough experience to have that "senior" title. You might consider changing employers for a couple years - and if you really like your current company - go back and get re-hired as a...
by danaht
Thu May 24, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Have a side biz: Should I transfer and then close my biz checking account?
Replies: 11
Views: 898

Re: Have a side biz: Should I transfer and then close my biz checking account?

You would know if it is taxed as a S-corp - because you would have to file a 1120s (usually one month before personal taxes are due). There are very big fines if you forget to file it. Also, you would need to run payroll, and file 940, 941, and a state unemployment tax forms for yourself as an emplo...
by danaht
Fri May 18, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Moving taxable investments...tax-free?
Replies: 18
Views: 2395

Re: Moving taxable investments...tax-free?

This depends on the brokerage you are transferring to - if they can accept (and can hold) your mutual funds. If the mutual funds you are moving are Vanguard funds - then Vanguard should be able to hold those. If the mutual funds are Fidelity or some other brand of fund - then Vanguard may not be abl...