Search found 1130 matches

by Tamarind
Tue Sep 18, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America credit card “feature” (be careful with autopay)
Replies: 45
Views: 2598

Re: Bank of America credit card “feature” (be careful with autopay)

I agree that it will take a quick phone call to fix this. Even if you do not call, they will likely send you a check next month. I think it is due to some anti money laundering law. I agree that it's best to call. I accidentally did this with a much smaller amount (~$120) as I was swapping to new c...
by Tamarind
Tue Sep 11, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6483

Re: Hurricane Florence - survival guide

Picked up an extra quart of stove fuel yesterday though I expect it'll stay sealed until a few camping trips from now. I always have a week of non perishable food on hand. Unfortunately we got a lot of rain here last night and more showers expected next day or so, so the ground will be saturated eve...
by Tamarind
Sun Sep 09, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: $250,000 family loan to parents?
Replies: 50
Views: 4519

Re: $250,000 family loan to parents?

I'd advise against it. Needing the money to move will incentivize them to fix the house and get it sold in good order. They can get a short term rental if they need one to bridge. I'm currently watching my parents after they moved to a smaller apartment before starting to prepare their home for sale...
by Tamarind
Fri Sep 07, 2018 6:59 am
Forum: Personal Consumer Issues
Topic: Car Shopping, Seem to lose my Boglehead way each time help!!
Replies: 37
Views: 2893

Re: Car Shopping, Seem to lose my Boglehead way each time help!!

I agree you are trading too quickly. 9-10 years would be impressive if you drove more, but you don't, so from my POV that 2011 is nearly new. I also buy new, but I don't care about trade-in or resale value, because I want to get all but the scrap value out of each car. Keep them until 150k+. If they...
by Tamarind
Fri Sep 07, 2018 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Could One Work For Edward Jones and Put Clients in Boglehead Portfolios?
Replies: 34
Views: 4226

Re: Could One Work For Edward Jones and Put Clients in Boglehead Portfolios?

Articles taking down the Edward Jones model by exposing the way they treat their customers often also highlight the situation of their advisors, who have less working autonomy than many front line corporate salesperson. The portfolios are dictated (along with the coffee, the handouts, and your suit)...
by Tamarind
Thu Sep 06, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 4653

Re: To Be or Not to Be...Married

OP, I understand why you’d want to “run the numbers” about getting married, but I’d like to encourage you to go ahead and do it regardless of the numbers. I love being married and it gives you benefits you don’t realize. Congratulations. B Could you elaborate more on the benefits? I am committed to...
by Tamarind
Thu Sep 06, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 4653

Re: To Be or Not to Be...Married

I have mixed thoughts on this. I generally think it's important for people planning to be parents to get married, as there's no real substitute for the legal relationships marriage creates. However the student loan hit in particular is painful. How long is left before forgiveness? Will he experience...
by Tamarind
Mon Sep 03, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio for 35 year old
Replies: 21
Views: 2171

Re: Portfolio for 35 year old

ivk5 wrote:
Mon Sep 03, 2018 6:59 am
OP: I’d dump the 100k FANG and reflect on what’s driving the stock-picking impulses, which can be lethal. (Also as someone who works in tech you’re heavily exposed to that sector risk already. Income risk plus cap weighting in the index would be exposure enough for me.)
Seconded.
by Tamarind
Mon Sep 03, 2018 5:33 am
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18150

Re: How to Retire in Your 30's with $1 Million in the Bank

Just wanted to post my families story on here before it gets locked and/or deleted. Someone in the last thread had mentioned that they couldn’t leave their big time job until they had enough saved for FIRE, then gave a rundown of why other jobs wouldn’t work etc. I just wanted to say that it isn’t ...
by Tamarind
Mon Sep 03, 2018 5:09 am
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18150

Re: How to Retire in Your 30's with $1 Million in the Bank

I wonder if we are seeing a rising trend in the very early retiree demographic, or if there are just some vocal outliers who make for good headlines. Every one of these articles is little more than a blog advertisement. If there is a trend, I'd point to the rise of commoditized high-IQ jobs (tech, ...
by Tamarind
Fri Aug 31, 2018 7:07 am
Forum: Personal Consumer Issues
Topic: Nanny online payment services - why are they so expensive?
Replies: 30
Views: 3274

Re: Nanny online payment services - why are they so expensive?

I think the why is because they are at the intersection of two high margin industries (software and accounting). Also because the price is set based on the value people find in avoiding the hassle and fear of doing it themselves (and maybe doing it wrong), rather than the cost of doing it.
by Tamarind
Thu Aug 30, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: I.R.S. form 5498 - IRA Contribution Information
Replies: 5
Views: 562

Re: I.R.S. form 5498 - IRA Contribution Information

I tend to accumulate paper too, but I would keep the annual doc (whether IRS form or account statement) that could serve as proof of your contribution amount, especially if you've changed custodians. If you needed to make an early withdrawal due to some hardship, you should be able to prove the amou...
by Tamarind
Mon Aug 27, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: What should I do with my "secured" credit card?
Replies: 9
Views: 720

Re: What should I do with my "secured" credit card?

If they allow you to reduce the limit/deposit you'll still take a small hit to your credit as your utilization will go up when your total credit limit drops. You've left the deposit there for a while. I would get a new card ASAP to start the clock and keep that one at least a year before considering...
by Tamarind
Mon Aug 27, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3054

Re: Man...opening a savings account with Ally is an arduous process.

Don't you just go onto their website sign up, link their account to your primary checking account, they send two small deposits to your primary checking, then you log onto Ally and verify those two deposits and you are then good to go. Couldn't be any simpler.... That was my experience. Mine too, i...
by Tamarind
Fri Aug 24, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Help me decide what to do first
Replies: 5
Views: 392

Re: Help me decide what to do first

What are your other expenses like? What I'm really getting at is, after paying your mortgage, minimum student loan payments, and covering your basic needs, what's your free cash flow right now? If it were me, I'd want a larger emergency fund first (at least 3 months, 6 months better). I would also w...
by Tamarind
Wed Aug 22, 2018 7:22 am
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 215
Views: 12247

Re: Good Non-Boring Boglehead Cars Under $30k

I'm also surprised to see the Mazda3 listed. If it's a serious contender, then add in the Hyundai Elantra, the 3’s sibling-separated-at-birth. What's that you say, the Elantra is a fine but boring car, an excellent commuter? Yep, and so is the Mazda3. :twisted:
by Tamarind
Fri Aug 17, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7610

Re: Reckless driving ticket in VA-Help!

I cannot comment directly on VA. In my state (NC) the "faulty speedometer" defense has gone the way of the dodo at last. If this is your first ticket in many years, you should be able to reduce it to something with no major impact on your insurance rates. You do not have to appear in court yourself....
by Tamarind
Fri Aug 17, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor Dumped, Now How to Best Simplify
Replies: 20
Views: 2567

Re: Advisor Dumped, Now How to Best Simplify

Now, before you hit sell, consider your custodian! What funds do you want to invest in? Where can you buy those funds for free? If there is more than one place, will any of them offer you a bonus or free trades for moving your money there? If so, it might be best to move the account in-kind and sel...
by Tamarind
Fri Aug 17, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Advisor Dumped, Now How to Best Simplify
Replies: 20
Views: 2567

Re: Advisor Dumped, Now How to Best Simplify

If the net unrealized amount is a loss, then just sell it all this year. You'll get a little tax relief to sweeten the bitter lesson. (https://turbotax.intuit.com/tax-tips/investments-and-taxes/capital-gains-and-losses/L7GF1ouP8) Now, before you hit sell, consider your custodian! What funds do you w...
by Tamarind
Fri Aug 17, 2018 5:37 am
Forum: Personal Finance (Not Investing)
Topic: Marriage Name Change Logistics
Replies: 14
Views: 1549

Re: Marriage Name Change Logistics

Does one have to go to the court to get her name changed? In CA you can input your new name choice on marriage license and use that to start the process... if you don’t, you have to go to court to change it. This is not quite correct. In some states you can put your new name on the marriage license...
by Tamarind
Thu Aug 16, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Seattle- mandatory affordable housing units affect single family home values?
Replies: 45
Views: 3054

Re: Seattle- mandatory affordable housing units affect single family home values?

If a new seven-story building is going up where there was previously a smaller building in Seattle, it's very likely this area is part of the recent upzone to create affordable housing in Seattle. (See https://www.seattletimes.com/seattle-news/politics/neighborhood-upzones-for-affordable-housing-qa...
by Tamarind
Thu Aug 16, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Marriage Name Change Logistics
Replies: 14
Views: 1549

Re: Marriage Name Change Logistics

The IRS primarily uses your SSN to identify you. As long as the W-2 and 1099 use the correct SSN and correct maiden name, the IRS will not be a source of trouble. Start by updating name with the Social Security Adminstration, then the DMV. Once that's done, notify all bank/credit providers you are g...
by Tamarind
Thu Aug 16, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2314

Re: Should I Max Out Tax-Deferred Accounts?

Regarding the infamous Roth pipeline.....it probably has a use somewhere, but it is is not really going to solve a problem for you (in my opinion). You would be converting tIRA to Roth IRA for some years right before retirement. Right before retirement will likely be your highest income years....th...
by Tamarind
Thu Aug 16, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: What do you do with your interest from your ER fund?
Replies: 10
Views: 1083

Re: What do you do with your interest from your ER fund?

It's a HY savings account and sometimes CDs. I generally leave the interest in as it should allow the size of the ER to keep up with inflation over the years.
by Tamarind
Thu Aug 16, 2018 5:14 am
Forum: Investing - Help with Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2314

Re: Should I Max Out Tax-Deferred Accounts?

If you would hit your $2.5M number very quickly by maxing, why not do so as soon as you can manage and in later years pay somewhat higher taxes to establish the taxable cushion you'll need for your early retirement years when converting? You'll put together your taxable account in the last few years...
by Tamarind
Thu Aug 16, 2018 4:58 am
Forum: Personal Finance (Not Investing)
Topic: Seattle- mandatory affordable housing units affect single family home values?
Replies: 45
Views: 3054

Re: Seattle- mandatory affordable housing units affect single family home values?

This is incredibly market-specific (like so much in real estate). My gut suggests that in dense high-price markets like Seattle, increases in density would tend to make an area more valuable and desirable. In the long run, her value would go up simply because the cheaper infill lot is no longer avai...
by Tamarind
Wed Aug 15, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Octogenarian father in law's idea of balance: AAPL + CASH
Replies: 35
Views: 3543

Re: Octogenarian father in law's idea of balance: AAPL + CASH

How much income do they actually need from their savings to meet expenses, after the rental, SS, pension etc? If $0 then it doesn't matter that he's all in AAPL. If AAPL crashed, it would just reduce his RMDs. If he became incapacitated, you'd sell the AAPL or the rentals or both and invest that mon...
by Tamarind
Mon Aug 06, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup (please tell me we're boring) (with an ISO question)
Replies: 4
Views: 562

Re: Portfolio Checkup (please tell me we're boring) (with an ISO question)

You need to run the numbers, but I don't think a CPA is necessary. Fill out a sample tax return with best guesses and then fill out form 6251 to forecast your AMT (form and instructions in results here: http://lmgtfy.com/?q=Form+6251). You can use the 2017 forms, just know that when you subtract the...
by Tamarind
Sun Aug 05, 2018 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15466

Re: Will you pay for your kids' college/graduate education?

I benefited from a well structured gift from my parents that I'd like to repeat for my kid. My parents told me they would cover an amount equal to full tuition and living expenses at local flagship state school. If I wanted to go somewhere more expensive I needed to find a way to pay the difference....
by Tamarind
Sat Aug 04, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Making a mistake considering a new job?
Replies: 31
Views: 2196

Re: Making a mistake considering a new job?

I'm in your industry. I've ridden a high growth startup. I think you're underestimating the insane stress that those companies can generate. It's also fun and challenging but mostly it's necessary pain. For you that pain is not necessary. I'd say you should stick it out a couple more years, until yo...
by Tamarind
Sat Aug 04, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help with Mom’s Retirement Income
Replies: 34
Views: 3833

Re: Need Help with Mom’s Retirement Income

I'm not convinced about the SPIA. It will stretch her money but whether it helps her money last really depends on her behavioral traits. With the additional info below, does it help any to determine if SPIA is a good call? You've said a few times that your mom is resistant to budgeting. What form d...
by Tamarind
Fri Aug 03, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my Parents RMD and my potential future inheritance
Replies: 13
Views: 951

Re: Help with my Parents RMD and my potential future inheritance

Are they asking for your help? Did they request you to make a plan to help them manage their investments? That's the first question to consider before asset allocation it tax planning. Sorry Yes they have asked me to help. They had their accounts in high expense funds and I switch them to index fun...
by Tamarind
Fri Aug 03, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Which is better for me: roth contributions or tax gain harvesting?
Replies: 22
Views: 1145

Re: Which is better for me: roth contributions or tax gain harvesting?

If you have lots of space before getting to $50,600, you could either harvest more gains or make more of your 403 contributions Roth. Be careful with year-end distributions from your holdings possibly pushing you over. Dollar $50,601 kicks all your LTCG into 15%. Yes it's a bit scary so I like to g...
by Tamarind
Fri Aug 03, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Which is better for me: roth contributions or tax gain harvesting?
Replies: 22
Views: 1145

Re: Which is better for me: roth contributions or tax gain harvesting?

If you have lots of space before getting to $50,600, you could either harvest more gains or make more of your 403 contributions Roth. Be careful with year-end distributions from your holdings possibly pushing you over. Dollar $50,601 kicks all your LTCG into 15%. Fortunately, that's not the way it ...
by Tamarind
Fri Aug 03, 2018 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my Parents RMD and my potential future inheritance
Replies: 13
Views: 951

Re: Help with my Parents RMD and my potential future inheritance

Are they asking for your help? Did they request you to make a plan to help them manage their investments? That's the first question to consider before asset allocation it tax planning.
by Tamarind
Fri Aug 03, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Which is better for me: roth contributions or tax gain harvesting?
Replies: 22
Views: 1145

Re: Which is better for me: roth contributions or tax gain harvesting?

I was in your exact situation as a graduate student and went 100% Roth in the 12% bracket. It's unclear to me if you are worried about the capital gains taxes needed to have money to live on or if you are planning to also sell taxable and reinvest again to tax gain harvest. I would max out your 403...
by Tamarind
Fri Aug 03, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6187

Re: Co - signed a Mortage, Now wants out

I recently was interested in transferring a deed without changing the mortgage (to buy my parents out). No luck. We had to refi. You'll have even less luck since you want to alter who is on the mortgage note. Unless you shopped for the rare "assumable" loan 6 years ago, there is no way but to refi....
by Tamarind
Fri Aug 03, 2018 5:34 am
Forum: Investing - Help with Personal Investments
Topic: Which is better for me: roth contributions or tax gain harvesting?
Replies: 22
Views: 1145

Re: Which is better for me: roth contributions or tax gain harvesting?

If you are actually deferring all of your earned income to tax-advantaged accounts, are you even eligible to contribute to a Roth IRA? The cap is the lower of of your earned income or $5500. But the amount of your MAGI that is from work is $0. The LTCG are specifically excluded when calculating your...
by Tamarind
Fri Aug 03, 2018 5:24 am
Forum: Investing - Help with Personal Investments
Topic: Need Help with Mom’s Retirement Income
Replies: 34
Views: 3833

Re: Need Help with Mom’s Retirement Income

Did you/your mom sell any holdings in the *taxable* account this year? What is the total loss or gain on what's been sold? Yes, $25,000 gains. There's definitely going to be budgeting involved, but she won't have to trim too much, sounds like. Hopefully, cause she is not one who budgets. We do also...
by Tamarind
Thu Aug 02, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I count rental equity towards our retirement number?
Replies: 9
Views: 588

Re: Should I count rental equity towards our retirement number?

I would only include them if your plan is definitely to sell. Otherwise, perhaps a discounted estimate of their free cash flow? Not an asset but an income stream.
by Tamarind
Thu Aug 02, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7055

Re: DW job in dangerous area

Check your gut feeling with some numbers before deciding. I live in the neighborhood with the "highest crime rate" in my city, which leads some folks from other neighborhoods to jump to conclusions. What that means in practice is an increased chance of losing an unlocked bicycle, and occasionally w...
by Tamarind
Thu Aug 02, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Help with exchanging funds in Roth IRA
Replies: 11
Views: 586

Re: Help with exchanging funds in Roth IRA

I will definitly make too much to contribute to a Roth IRA at some point in the near future, so my thoughts were that it might make more sense to start contributing to a Traditional IRA now and exchange the funds to my Roth IRA during retirement as my taxes will be lower or just start doing the bac...
by Tamarind
Thu Aug 02, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6187

Re: Co - signed a Mortage, Now wants out

I recently was interested in transferring a deed without changing the mortgage (to buy my parents out). No luck. We had to refi. You'll have even less luck since you want to alter who is on the mortgage note. Unless you shopped for the rare "assumable" loan 6 years ago, there is no way but to refi.
by Tamarind
Thu Aug 02, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Which offer to accept on vacant land?
Replies: 17
Views: 1919

Re: Which offer to accept on vacant land?

Local land conservancies have no interest in the property. Too bad. In that case, go w/ #2. The description of #1 does not inspire confidence (has likely already ticked off local zoning board, tries to pressure you for a fast decision). I feel like for deals that take this long to close, a more ste...
by Tamarind
Thu Aug 02, 2018 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Which offer to accept on vacant land?
Replies: 17
Views: 1919

Re: Which offer to accept on vacant land?

Can you tell us what state it is in (this goes to state laws about municipal zoning rules)? An option if you mainly want to move it much faster rather than get top dollar would be to reach out to the local land conservancy. They'd have no need to wait for zoning approval. Of course they would probab...
by Tamarind
Wed Aug 01, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7055

Re: DW job in dangerous area

Check your gut feeling with some numbers before deciding. I live in the neighborhood with the "highest crime rate" in my city, which leads some folks from other neighborhoods to jump to conclusions. What that means in practice is an increased chance of losing an unlocked bicycle, and occasionally wi...
by Tamarind
Wed Aug 01, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 737
Views: 70198

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Vanguard will say "this is an indicator of the success of our model". :sharebeer Interesting to see if it will lead to another round of cuts at VG. Also whether people whose 401ks are at Fidelity will see this benefit. I don't have a taxable account yet, but it sounds like I'll have more choices whe...
by Tamarind
Wed Aug 01, 2018 5:16 am
Forum: Personal Consumer Issues
Topic: First smartphone:What to buy and what prepaid plan to sign on?
Replies: 27
Views: 2346

Re: First smartphone:What to buy and what prepaid plan to sign on?

Moto G is a very solid phone, especially at that price. The E is just fine and can sometimes be found deeply discounted - I got a refurbished one for my dad for $10. I also used a Moto X as my primary computing device for 3 years and it was excellent (a smidgen more expensive than you probably want ...
by Tamarind
Tue Jul 31, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 68
Views: 7647

Re: Are millennial botching their asset allocations?

The data is a little iffy, but while we're speaking broadly about generations, I'd say this is comparable to some in the generation whose financially formative years included the 1929 crash. Many of them swore off stocks for the rest of their lives and did all their savings in bank accounts and CDs....