Search found 471 matches

by danaht
Sun Jun 17, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: new thinking under 2018 tax law?
Replies: 21
Views: 3235

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: 22
Views: 1598

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: 2371

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: 724

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: 724

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: 336

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: 3153

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: 10661

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: 766

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: 16
Views: 1776

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...
by danaht
Sat May 12, 2018 1:04 pm
Forum: Investing - Theory, News & General
Topic: TD Ameritrade user? Question regarding selling Free ETFs
Replies: 55
Views: 6294

Re: TD Ameritrade user? Question regarding selling Free ETFs

It certainly would be nice if TDAmeritrade WARNED clients just before they clicked on "Confirm" if the order they were submitting would result in a fee along with the exact amount of the fee. And that means no mushy words like "There may be a fee." As it stands, if one doesn't investigate on their ...
by danaht
Fri Apr 27, 2018 6:49 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11115

Re: Amazon to raise Prime membership in US to $119 from $99

If you search for deals - you can probably still keep Prime for $99 or less: 1) Student prime membership is substantially less 2) Ibotta and other coupon sites - usually have a "save $20 / or get a $20 gift card" offer on Prime membership deal. The only reason I subscribe to Prime is for Amazon vide...
by danaht
Sun Apr 22, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Two Solo 401k Questions
Replies: 22
Views: 1653

Re: Two Solo 401k Questions

According to Rover.com - it gives you some protection (up to 1,000,000). So I would continue to use Rover.com, if your assets are under 1,000,000. I think it only makes sense to stop using Rover.com - if you plan to create a business with many employees. In that case - creating the LLC, and getting ...
by danaht
Sat Apr 21, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Should I continue to hold REITs?
Replies: 48
Views: 4184

Re: Should I continue to hold REITs?

REITs tend to be cyclical. We are in a down cycle right now due the rapid rise in interest rates, and to a lesser extent the brick and mortar "retail apocalypse" fear. If you are not comfortable holding during this down cycle - then definitely sell . I like to buy during these times - so I will be b...
by danaht
Sat Apr 07, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help Transfer Index Fund from Fidelity To Vanguard
Replies: 13
Views: 1151

Re: Help Transfer Index Fund from Fidelity To Vanguard

Sorry to disappoint, but you'll have to sell the funds (FSTVX?) for the equivalent VG VTSAX and that will trigger capital gains. You may be able to hold Fidelity in VG however my impression is you want to go all Vanguard funds. That's why I no longer buy non-Vanguard mutual funds in taxable account...
by danaht
Sat Apr 07, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: What is Megacorp?
Replies: 62
Views: 4791

Re: What is Megacorp?

I would consider most large cap companies mega corps. Usually these have large HR departments, and a large bureaucracy.
by danaht
Sat Apr 07, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Large Single Stock Position - Can't Sell - Retirement Account
Replies: 45
Views: 3284

Re: Large Single Stock Position - Can't Sell - Retirement Account

Count it as part of your stock equity. Vanguard will even classify it for you as small cap / medium cap / large cap and the type of sector (real estate, energy, technology, retail, etc) Everyone who holds the S & P 500 index is already overweight with Apple, and other fang stocks - so it's just one ...
by danaht
Fri Apr 06, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should I invest in an HSA even though I don't go to the hospital much?
Replies: 18
Views: 1856

Re: Should I invest in an HSA even though I don't go to the hospital much?

You definitely should save in a HSA. (if you are eligible to do so). Even if you stay healthy and never use it - you can still withdraw the money as if it were a traditional IRA later. But chances are - your medical expenses will be your biggest expense when you get older. Using a HSA to pay for med...
by danaht
Sun Apr 01, 2018 12:56 pm
Forum: Personal Consumer Issues
Topic: Neighbor recently burglarized- Suggestions for home security
Replies: 101
Views: 9288

Re: Neighbor recently burglarized- Suggestions for home security

I find that having a big dog that stays in the house most of the time helpful. Any big dog will work. Even a big friendly golden retriever with a loud bark will deter a lot of potential thieves. Of course you should like dogs before you get one.
by danaht
Sun Apr 01, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Comparison of grocery prices?
Replies: 47
Views: 3995

Re: Comparison of grocery prices?

I pick up items in different places usually - (because I like different items at Target / Kroger / Walmart / Aldis / Sprouts) - everything is in Dallas / Fort Worth This is what I usually get every week: Target 1 gallon milk - $1.98 32 oz "light" non fat vanilla yogurt - $1.79 organic celery stalk -...
by danaht
Sun Mar 25, 2018 9:22 am
Forum: Investing - Help with Personal Investments
Topic: ROTH Conversion and 1040ES estimated tax
Replies: 14
Views: 917

Re: ROTH Conversion and 1040ES estimated tax

The easy way to take care of estimated taxes if your employed - just increase the withholding from your pay checks. You can usually tell your employer you want to issue a new W4 and have them take out an extra $500 per period. Of course this only works if you did the conversion in the early part of ...
by danaht
Sun Mar 25, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?
Replies: 89
Views: 8447

Re: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?

Sorry about Merrill Edge/Bank Of America closing your accounts. If I ever get a letter that one of my accounts is being closed - I would probably transfer all my accounts with that provider (not just one). So next time - close (or transfer) all your accounts before they do! Also you might consider c...
by danaht
Thu Mar 22, 2018 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k As Strategy For Backdoor Roth
Replies: 2
Views: 302

Re: Solo 401k As Strategy For Backdoor Roth

[*]Finally, fully understand the Form 5500-EZ reporting requirements. You are required to file the form when the year-end balance exceeds $250K. Such as when you rollover a large IRA balance that came from a 401k. The filing date for this is 07/31 of the following year and has nothing to do with yo...
by danaht
Wed Mar 21, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: Job Expenses for contract job. Should I take W2 or 1099
Replies: 24
Views: 1421

Re: Job Expenses for contract job. Should I take W2 or 1099

Three big advantages for 1099: 1) 1099 gives you the ability to put more money in a solo 401k or SEP 2) 1099 gives you the ability to deduct your healthcare premiums (if you do not qualify for a subsidy) 3) Self employed can "expense" some business expenses which will reduce your taxes. 1099 disadva...
by danaht
Tue Mar 06, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Benefit of after tax 401k contribution?
Replies: 14
Views: 1299

Re: Benefit of after tax 401k contribution?

When you leave your employer - you can usually rollover the after tax contributions to a Roth, and all the earnings it generated to a rollover IRA. So - it's a huge benefit. I wish I had this option in my 401k!
by danaht
Sun Mar 04, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Best way to short the equity market
Replies: 93
Views: 5419

Re: Best way to short the equity market

You can always open a margin account and open a short-sell order for an ETF like VOO, or VTI. I would not recommend this - you will probably lose an unlimited amount of money!
by danaht
Sun Mar 04, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Lost My Way - Advice Needed
Replies: 44
Views: 4843

Re: Lost My Way - Advice Needed

Hang on a second. Some folks are suggesting that you should take the loss and start over. I wouldn't be so quick to do that, personally. If I'm reading correctly, you managed to create a $75K portfolio in 4 years flat. You're about 31 years old, so your time horizon is long and your best earning ye...
by danaht
Mon Feb 26, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Shifting from Roth to Traditional worth it ?
Replies: 11
Views: 1009

Re: Shifting from Roth to Traditional worth it ?

At 28 and with the new lower income brackets - I would still focus on the Roth. Every dollar that goes into a roth is more powerful than the same dollar that goes into a traditional IRA.
by danaht
Mon Feb 26, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: 2018 Toyota Yaris
Replies: 13
Views: 1184

Re: 2018 Toyota Yaris

I am a former owner of a 2008 Toyota Yaris. The Yaris in general is a great car. But I have some issues with the 2018 version that would prevent me from buying one (ranked by most important factor first): 1) There is no manual drive configuration - only automatic is widely available. note: you can g...
by danaht
Sat Feb 24, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Sams Club vs Costco
Replies: 78
Views: 6743

Re: Sams Club vs Costco

Both are great. I prefer Sam's Club only because it's much closer. Sometimes Walmart, Target, and and even Kroger are cheaper than both Sam's Club and Costco. For instance, a gallon of milk is usually a lot more expensive at both Costco and Sam's Club than it is at my local Walmart. Just because it'...
by danaht
Sun Feb 18, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 86
Views: 7958

Re: Amazon Alternative

I try avoid Amazon like the plague. First of all, my own personal solution to almost any shopping question is that I don’t need it. But if I actually do need it, lately, I find myself ordering electronics at Best Buy or sometimes Staples and having items delivered to a nearby store for pick up. I p...
by danaht
Fri Feb 16, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: USAA 41% More For Car Insurance
Replies: 43
Views: 2934

Re: USAA 41% More For Car Insurance

USAA is not usually the cheapest -but I found they usually take care of you a lot better than other companies do when something does go wrong.
by danaht
Thu Feb 15, 2018 10:06 pm
Forum: Investing - Theory, News & General
Topic: New reduced rate on REIT Dividends
Replies: 19
Views: 3704

Re: New reduced rate on REIT Dividends

A lot of people claim that REITs are still tax inefficient - even with the 20% deduction. I disagree with that. If you are buying a REIT to get income - then I don't consider the higher dividend payment as a tax inefficiency. Also, the new 20% deduction makes the dividend comparable to a qualified d...
by danaht
Sun Feb 11, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Convert to Roth IRA now or wait?
Replies: 6
Views: 519

Re: Convert to Roth IRA now or wait?

You don't have to convert it all. If you don't plan to use a backdoor Roth contribution in the future - you can rollover your 401k to a Rollover IRA at Fidelity. When it's in the Rollover IRA at Fidelity- you can then later convert a partial amount of your account to a Roth IRA using the Fidelity we...
by danaht
Tue Feb 06, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Cheap cell phone plans
Replies: 60
Views: 5670

Re: Cheap cell phone plans

I use a combination of Tello and Google Voice (with WIFI) to get a ~$0 a month plan. Prepaid plan with Tello costs an initial $10 to $20. Unlike other plans - Tello does not charge any fees per month to renew the pre-paid plan. You just need to make sure you occasionally call someone so that they do...
by danaht
Mon Feb 05, 2018 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course? Edited to Staying the course!
Replies: 22
Views: 2465

Re: Stay the course?

If your investing for the long term - do nothing, or add a little on days the market goes down might be the best advice. But most importantly - just keep adding on a regular schedule.
by danaht
Sun Feb 04, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software Recommendations
Replies: 28
Views: 2090

Re: Tax Software Recommendations

Both HR Tax Cut, and Turbo Tax are great. But - use Turbo Tax for anyone who owns a MLP stock (or any publicly traded partnership). As HR Tax Cut does not yet support this. I also recommend buying the physical CD for anyone needing to buy Turbo Tax - since there are more limitations on what you can ...
by danaht
Sun Feb 04, 2018 8:22 am
Forum: Investing - Theory, News & General
Topic: Amazon Stock - Can this giant be stopped?
Replies: 66
Views: 4698

Re: Amazon Stock - Can this giant be stopped?

If Amazon tries to buy Target - then I think the government might try to stop that. Otherwise - it probably won't be stopped for a while. I threw up a little when I read that prediction. I somewhat agree with the prediction. I think Amazon needs more brick and mortar space to compete with Walmart. ...
by danaht
Sat Feb 03, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: Amazon Stock - Can this giant be stopped?
Replies: 66
Views: 4698

Re: Amazon Stock - Can this giant be stopped?

If Amazon tries to buy Target - then I think the government might try to stop that. Otherwise - it probably won't be stopped for a while.
by danaht
Mon Jan 29, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 17530

Re: Dear wife quits job and now we are down to 1 income

You can probably get that $700 deficit down a lot more: 1) Cable can be cut to $0 (or cost as little as $39 a month if you get something like You Tube TV. 2) Your cell phone bills can be as low as $1 (using prepaid) to $10 a month (low cost plan) with Tello (uses Sprint network) 3) Your wife will pr...
by danaht
Sun Jan 28, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 246
Views: 39296

Re: How to Minimize Your Emergency Care Expenses

Good post. Thanks for the information. I would probably add to make sure you get insurance with the widest "in-network" provider list possible. Make sure all your local hospitals are listed as in-network. Also, make sure that your insurance pays for and has a deductible and maximum out of pocket cos...
by danaht
Mon Jan 22, 2018 8:24 am
Forum: Investing - Theory, News & General
Topic: Which brokerage for individual 401k?
Replies: 19
Views: 1175

Re: Which brokerage for individual 401k?

Schwab is an excellent choice for an individual 401k. Someone mentioned that you can not DRIP ETFs - but that is incorrect. Most of my ETFs in my Schwab i401k have had dividend reinvestment enabled. You should be able to DRIP most stocks, and ETFs. Schwab also has excellent commission free ETFs and ...
by danaht
Sun Jan 14, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 60
Views: 8077

Re: Merrill Edge best choice for higher net worth accounts?

I would go with a Merrill Edge / Fidelity combination. Transfer at least $100,000 of stocks/ETFs in Merrill Edge to get the Platinum Honors rewards. (this allows the great credit card rewards, and the 100 free trades a month). Transfer the rest in Fidelity because: 1) Fidelity has great customer ser...
by danaht
Sun Jan 14, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: mlp's Master Limited Partnerships
Replies: 26
Views: 2186

Re: mlp's Master Limited Partnerships

If you bought a MLP - you would probably regret it. It will really complicate your taxes since these are reported on a K1 - and are tricky to enter. And if you don't do your taxes yourself - your accountant will probably charge more money for the extra complication. Also, HR Tax Cut does not suppor...
by danaht
Sat Jan 13, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: mlp's Master Limited Partnerships
Replies: 26
Views: 2186

Re: mlp's Master Limited Partnerships

If you bought a MLP - you would probably regret it. It will really complicate your taxes since these are reported on a K1 - and are tricky to enter. And if you don't do your taxes yourself - your accountant will probably charge more money for the extra complication. Also, HR Tax Cut does not support...
by danaht
Sat Dec 02, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA custodian for my situation
Replies: 13
Views: 1717

Re: Best HSA custodian for my situation

+1 for HSA Bank. There are no fees at HSA Bank - if you hold ~$6000 in the HSA Bank savings account. I hold this amount as part of an emergency fund - and then invest the rest in TD Ameritrade commission free ETFs.
by danaht
Sat Dec 02, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: Electric Car (Nissan Leaf) for a teen driver?
Replies: 43
Views: 3797

Re: Electric Car (Nissan Leaf) for a teen driver?

My team member at work had a Nissan Leaf from around 2012. He said it had problems keeping a charge after a couple years of ownership. I think you would be better off getting a used cheap regular gas car.
by danaht
Sun Nov 26, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Which BoA Credit Card to use?
Replies: 24
Views: 2235

Re: Which BoA Credit Card to use?

To maximize your rewards - you should use both the B of A Travel Rewards and Cash Back cards. 1) Use the cash back card for gas, groceries, wholesale and department stores 2) Use the travel rewards card for travel, and everything else that you did not use on #1 - (or use on everything if you reached...
by danaht
Sun Nov 26, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Trying to avoid ACA Subsidy failure!
Replies: 19
Views: 2401

Re: Trying to avoid ACA Subsidy failure!

Just got a clarification - I guess - from BCBS - Plan 201 will not qualify cuz 2018 Out of pocket will be $6550 rather than the necessary $6650. Reconsideration for Plan 204 where out of pocket will be $7350 and therefore appears to be ok. This may mean I can continue to contribute to the HSA and r...
by danaht
Sat Nov 25, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to avoid ACA Subsidy failure!
Replies: 19
Views: 2401

Re: Trying to avoid ACA Subsidy failure!

Here in Tarrant County, TX - there is still one plan available from Blue Cross Blue Shield that is HSA eligible. It's Blue Advantage Plus Bronze 201. It's one of the most expensive bronze plans available - so make sure you browse all plans available to you. It's kind of sad - because I think there a...