Search found 872 matches

by JoinToday
Sun Jul 05, 2020 12:35 pm
Forum: Personal Investments
Topic: Retirement plan change . . .am I about to do something stupid??
Replies: 15
Views: 1453

Re: Retirement plan change . . .thoughts, criticisms??

I don’t understand the rationale for making a large Roth conversion in the year the market tanks by say 20% (your Option 1). Could you please explain? How about go the opposite direction and pack all your bond holdings in the tIRA to lower expected return in that account? You would make correspondi...
by JoinToday
Fri Jul 03, 2020 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: "Lost" Estimated Tax Payment
Replies: 15
Views: 1424

Re: "Lost" Estimated Tax Payment

This does not help with your existing problem, but why, oh why, would you not pay electronically? In this day and age mailing checks makes no sense to me. Can I use Vanguard for paying taxes electronically? or only from my checking account? In the past, I paid via VG check due to the interest I rec...
by JoinToday
Thu Jun 11, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer title of auto to son -- necessary?
Replies: 40
Views: 2397

Re: Transfer title of auto to son -- necessary?

I asked my insurance company (AAA, California) about this a few years ago. They said as long as the child is a dependent, meaning I provide for her and claim her as a dependent on my taxes, I can be held liable regardless of how the car it titled or if my kid has their own insurance. After my kid gr...
by JoinToday
Mon Jun 01, 2020 12:21 am
Forum: Personal Consumer Issues
Topic: Can I use my pressure washer compressor for a pneumatic nail gun?
Replies: 24
Views: 1794

Re: Can I use my pressure washer compressor for a pneumatic nail gun?

18 gauge is too small, not enough holding power in wood or wall.

16 gauge should work OK, or 15 gauge. 2 inch nails is what I would use. I would buy a Metabo pneumatic nail gun & small air compressor
by JoinToday
Tue May 19, 2020 3:48 am
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4138

Re: Vault Safe in the attic; welded, anyone ?

what about a decoy safe that is easier to find, but makes the thief think he is getting the valuables. Maybe put some money (few hundred $), old expired credit cards, papers, etc in it. Keep the other safe hidden.

Having said that, an angle grinder might be able to cut any metal you weld.
by JoinToday
Sun May 17, 2020 1:04 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Craftsman Tools
Replies: 98
Views: 6495

Re: Alternatives to Craftsman Tools

I have purchased some Sunex socket sets and a Sunex impact driver (pneumatic). Happy so far. I also have some 40 year old Craftsman 12 point socket sets, but wanted deep 6 point impact sockets. This is what got me started on Sunex I like having the socket sets in a case so it is easy to see what is ...
by JoinToday
Fri May 15, 2020 5:23 pm
Forum: Personal Consumer Issues
Topic: "Fancy" drip/pour-over coffee makers
Replies: 54
Views: 3270

Re: "Fancy" drip/pour-over coffee makers

Mazzer Super Jolly grinder ($$$ - I think I "forgot" to tell my wife how much :shock: ) and Technivorm Moccamaster ($$) 40 oz coffee maker with glass carafe in my house. Recently bought a OXO gooseneck tea kettle (digital set point of water temp) and Bonavita immersion drip coffee maker. The combina...
by JoinToday
Sun May 03, 2020 7:20 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to hang upper cabinets?
Replies: 16
Views: 1150

Re: Is it difficult to hang upper cabinets?

I don't think it is that hard, but: 1. Use the right kind of screw, definitely not drywall screws (too brittle). I am not sure what is typically used, but I would use some sort of structural screw with a washer 2. Make sure you screw into a stud, not just drywall (wood framing I am assuming) 3. If t...
by JoinToday
Thu Apr 16, 2020 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Tax planning
Replies: 38
Views: 2526

Re: Retirement Tax planning

.... Looks like everyone is holding their strategies close. I am not sure why you think people are "holding their strategies close." I think about taxes a LOT. I think more about tax reduction strategies than I think about investing. As far as I can tell, there are no silver bullets that reduce tax...
by JoinToday
Mon Apr 13, 2020 1:39 pm
Forum: Personal Investments
Topic: Tax Accountant vs. CFP vs. Investment Attorney?
Replies: 16
Views: 901

Re: Tax Accountant vs. CFP vs. Investment Attorney?

The problem I have is this: you don't know what you don't know. I manage my own investments because I don't think an investment advisor (1% AUM) provides value greater than the fee. I do my own taxes for similar reasons. With only 1099's from VG, it isn't that hard, and I don't see the value of payi...
by JoinToday
Mon Apr 13, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: When Does a Trust Become Worth It?
Replies: 71
Views: 6171

Re: When Does a Trust Become Worth It?

.... The trust needs to file taxes every year... Revocable Living Trusts don’t file taxes. Income is claimed on your personal tax returns as these trusts use your SSN. You are correct while I am living. I think the OP was referring to a irrevocable trust to protect assets after death. After death, ...
by JoinToday
Mon Apr 13, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: When Does a Trust Become Worth It?
Replies: 71
Views: 6171

Re: When Does a Trust Become Worth It?

In my opinion, it isn't worth it below $1M. The trust needs to file taxes every year, some other overhead that needs to be addressed. That is the value I put in my trust docs where the beneficiaries of my trust can get full distribution. I also have a clause where the beneficiaries can request full ...
by JoinToday
Fri Apr 03, 2020 11:24 pm
Forum: Personal Investments
Topic: where to go for fixed income advice?
Replies: 19
Views: 1269

Re: where to go for fixed income advice?

... My vanguard advisor wants to just put it into a bond fund and my other broker wants to just take the money and put it under management and charge me 2% annually. I am a sophisticated investor but want to get more sophisticated advice than I currently am getting. I don’t want to get advice from ...
by JoinToday
Fri Apr 03, 2020 2:51 am
Forum: Personal Finance (Not Investing)
Topic: Help for the Kids
Replies: 9
Views: 867

Re: Help for the Kids

In general, my thought is as long as the child is moving forward in life and not a spendthrift, I would help them out as long as it doesn't put my retirement at risk. If the child is sitting around, sleeping until noon, drinking/drugs (in other words, not moving on in their life in a positive direct...
by JoinToday
Thu Apr 02, 2020 2:23 am
Forum: Personal Investments
Topic: Anyone here depressed just looking at their portfolio?
Replies: 122
Views: 7551

Re: Anyone here depressed just looking at their portfolio?

In 2008, I was busy learning a lot about investing, doing tax loss harvesting, worried a little but keeping my eye on things. I am stunned that the market turmoil doesn't bother me much at all, especially given the dollar amount lost. It is almost as if I don't care for some reason. Estimated yearly...
by JoinToday
Thu Apr 02, 2020 2:18 am
Forum: Personal Investments
Topic: Anyone here depressed just looking at their portfolio?
Replies: 122
Views: 7551

Re: Anyone here depressed just looking at their portfolio?

I logged in today because DW asked what our current allocation was. . . . . . I hope that was a joke. I wonder how many spouses even know what the AA is in the portfolio. My wife was off by a factor of 2 in our net worth when I asked her some years ago. She may say 60:40 for our AA if she remembers...
by JoinToday
Tue Mar 31, 2020 1:37 am
Forum: Personal Consumer Issues
Topic: How to "Reverse" an Exterior Door Pet Door Piece?
Replies: 14
Views: 908

Re: How to "Reverse" an Exterior Door Pet Door Piece?

Why not just cut a hole in the existing door & buy a new doggie door? You are better of either cutting a hole in the existing door, or buying a new door. The work required to flip a door around is much greater than installing a new door, and the flipped door / door trim will have issues with the hin...
by JoinToday
Sun Mar 29, 2020 1:08 pm
Forum: Investing - Theory, News & General
Topic: Investment Grade vs. High Yield Spreads
Replies: 36
Views: 1759

Re: Investment Grade vs. High Yield Spreads

...... over the longer term HYG has returned 50% of what SPY has returned: over last 10.25 years HYG had a compound annual growth rate (CAGR) of 4.8% vs. SPY at 9.6%. in general my view is that one is better off taking equity risk via owning equities than via owning high yield bonds. more tax effic...
by JoinToday
Sun Mar 29, 2020 1:06 am
Forum: Investing - Theory, News & General
Topic: Investment Grade vs. High Yield Spreads
Replies: 36
Views: 1759

Re: Investment Grade vs. High Yield Spreads

Is the higher yield due primarily to liquidity issues, or is the risk primarily of companies going belly up? With these yields, I am sorely tempted to put a few % (5%?) of my bonds into high yield. I almost can't believe I am considering this, after telling my friends: no high yield, no individual s...
by JoinToday
Wed Mar 18, 2020 11:52 pm
Forum: Personal Investments
Topic: TLH Ping-Pong - Any problems?
Replies: 7
Views: 518

Re: TLH Ping-Pong - Any problems?

Wash sale for the last 3 lots. Sold within 30 days. edited (twice) to add: For the early lots, you sold them correctly, but bought the identical fund within 30 days prior to selling the earlier lots. From a tax standpoint, maybe it all comes out correctly in the end since you sold the later lots als...
by JoinToday
Wed Mar 18, 2020 2:34 am
Forum: Personal Investments
Topic: US stocks in taxable and Int’l stocks in tax advantaged
Replies: 7
Views: 379

Re: US stocks in taxable and Int’l stocks in tax advantaged

I should have addressed your question, rather than comment on wash sale. My apology. I think it is best to have both US and Intl and bonds in the Traditional IRA or Roth IRA so I can rebalance easily. 1. I have only stock funds, and primarily Total US stock fund in my after tax account due to tax ef...
by JoinToday
Wed Mar 18, 2020 1:19 am
Forum: Personal Investments
Topic: US stocks in taxable and Int’l stocks in tax advantaged
Replies: 7
Views: 379

Re: US stocks in taxable and Int’l stocks in tax advantaged

... With the recent drop in stock prices, we were able to sell ALL of our international stock ETFs at a loss and switch over to Vanguard Total Stock ETF (VTI). We made the opposite trades in our tax advantaged accounts. ... When I got to this part, I thought the same thing that annu was thinking. O...
by JoinToday
Mon Mar 16, 2020 4:52 pm
Forum: Personal Consumer Issues
Topic: Thinking I should go car shopping amidst the panic
Replies: 99
Views: 9485

Re: Thinking I should go car shopping amidst the panic

Does anyone see an ethical issue with trying to take advantage of this health crisis? No. 1. There is asymmetrical knowledge in the deal. The car dealer knows way more than you & I know. They wouldn't make the deal if it wasn't in their best interest. 2. If the tables were turned and cars were in h...
by JoinToday
Mon Mar 16, 2020 12:45 pm
Forum: Personal Consumer Issues
Topic: Split tops of thumbs--ouch!
Replies: 18
Views: 1155

Re: Split tops of thumbs--ouch!

I've had this problem in the past. 1. A small piece of blue masking tape does wonders, and is cheap. Replace after every hand washing, or more often. Or if at work, a piece of scotch tape. 2. Doctor (dermatologist) gave me 2 cremes: one had cortisone, the other was "powerful" (that what the doctor's...
by JoinToday
Mon Mar 16, 2020 2:51 am
Forum: Personal Investments
Topic: it's better to do Roth conversion in a down market ?
Replies: 31
Views: 2770

Re: it's better to do Roth conversion in a down market ?

Short answer is yes. A Roth conversion is a taxable event. In a down market the value of your fund shares is lower than in an up market, which results in you paying less taxes for the Roth conversion. In a down market, the only regret you might have to deal with here is possibly having to sell a gr...
by JoinToday
Mon Mar 16, 2020 2:11 am
Forum: Investing - Theory, News & General
Topic: One-way rebalancing: typical practice?
Replies: 35
Views: 1614

Re: One-way rebalancing: typical practice?

I have a 60% equity : 40% bonds AA, and I plan to keep this for the duration of retirement. Currently retired. My plan is to fund retirement with (a) dividends from after tax account plus (b) withdrawals from whatever asset class is highest until I have an AA of 60:40. (c) If I need more money, I wi...
by JoinToday
Mon Mar 16, 2020 12:59 am
Forum: Personal Finance (Not Investing)
Topic: small crack in concrete foundation
Replies: 10
Views: 967

Re: small crack in concrete foundation

I know this is not what you asked, but: In picture 4.10 Item 2, the (a) vertical 2x4 and (b) foundation bolt look newer than the rest. Is that expected, was there some sort of retrofit or addition? Is there termite damage in the reddish wood in the same picture? Places I have seen with expansive soi...
by JoinToday
Fri Mar 13, 2020 2:41 am
Forum: Personal Consumer Issues
Topic: Coffee Makers
Replies: 55
Views: 3241

Re: Coffee Makers

I have used immersion drippers for the last several years - both Bonavita and Clever Coffee. They make a great cup, and I love the simplicity of them. lurker415 gives the final answer! I have a technivorm, and use it daily ... but the best coffee I make is with the Bonavita Immersion Drip, OXO tea ...
by JoinToday
Mon Mar 09, 2020 8:34 pm
Forum: Personal Investments
Topic: Ok, I'll ask it... temporarily getting out of the market with a small % of portfolio?
Replies: 52
Views: 3149

Re: Ok, I'll ask it... temporarily getting out of the market with a small % of portfolio?

.... I'm 95% stocks, which is totally fine for me and my uncommon scenario. .... What is so uncommon about your scenario? If it is something like "my last name is Walton, and I get $50K/month from the family trust fund", or "Uncle Bill (as in Bill Gates) or Uncle Jeff (as in Jeff Bezos) set up a tr...
by JoinToday
Fri Feb 14, 2020 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Help find balance between saving vs spending: married and 3 young kids
Replies: 55
Views: 4009

Re: Help find balance between saving vs spending: married and 3 young kids

.... but my wife just recently went back to work one day a week working as a hair stylist. She receives no benefits. With her added work, we now are projected to make around 130K this year. We are both 35 years old, have three children ages 6, 4, and 1. ...... I didn't read all the replies. 1. your...
by JoinToday
Fri Feb 14, 2020 11:18 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting vs Tax Minimization Strategy
Replies: 12
Views: 954

Re: Tax Loss Harvesting vs Tax Minimization Strategy

Tax loss harvesting is mostly just tax deferral. I've never had enough in taxable to bother with it. The problem with these robo tax loss harvesting schemes is if you ever decide to get out you may have a tax mess on your hands. If you go with certain tax efficient index funds that tax burden reall...
by JoinToday
Fri Feb 14, 2020 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Account or Trust as Beneficiary
Replies: 10
Views: 945

Re: Trust Account or Trust as Beneficiary

Hello Experts: One of my self-managed brokerage account at a bank has the option of listing trust as beneficiary. I have done that. The other option at the bank is to open a financial advisor managed brokerage account which would have some minimal fees but can be under the trust. Should I open the ...
by JoinToday
Thu Feb 13, 2020 3:29 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting vs Tax Minimization Strategy
Replies: 12
Views: 954

Re: Tax Loss Harvesting vs Tax Minimization Strategy

Is tax loss harvesting much better than a tax minimization strategy or is there little difference? I need advice on choosing a robo adviser for a taxable account. M1 Finance does not charge any fees but they do not have tax loss harvesting. M1 has a tax minimization strategy. When M1 sells securiti...
by JoinToday
Wed Feb 05, 2020 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Trust amendment question/concern
Replies: 4
Views: 587

Re: Trust amendment question/concern

.... Can anyone think of any downsides to agreeing to this proposed amendment? Trustee fraud comes to mind. And then you can pay a lawyer $XXXK and years of litigation trying to straighten it out. How much money are we talking about in the trust, and how much is the corporate trustee charging (perc...
by JoinToday
Wed Jan 15, 2020 9:27 pm
Forum: Investing - Theory, News & General
Topic: "Cybercrooks are targeting retirement accounts — and unlike credit cardsthere's no guarantee you'll get your money back"
Replies: 51
Views: 5908

Re: "Cybercrooks are targeting retirement accounts — and unlike credit cardsthere's no guarantee you'll get your money b

... It seems to me having a separate and secure, and relatively new email address associated with critical retirement / investment accounts is also helpful. When you write "separate and secure", is a new email account with my current provider what you are talking about, or with a completely separat...
by JoinToday
Thu Jan 02, 2020 3:34 am
Forum: Personal Investments
Topic: Capital Gains Harvesting - Lots with Largest or Smallest Gains
Replies: 26
Views: 1938

Re: Capital Gains Harvesting - Lots with Largest or Smallest Gains

Just RIP THE BANDAGE OFF! I was faced with something similar (but probably worse than you). I bought a bunch of stock in the 1980's and in all honesty, after a year or two I had close to zero interest in following the stocks. I couldn't sell the [deleted] things because of the taxes I would have to ...
by JoinToday
Wed Jan 01, 2020 9:30 pm
Forum: Personal Consumer Issues
Topic: Recommended physical fitness websites/books/apps?
Replies: 83
Views: 6728

Re: Recommended physical fitness websites/books/apps?

+1000 Rippetoe is the master and a no-BS dude. StartingStrength.com, and his books are: Starting Strength and Practical Programming for Strength Training. If you want weekly workouts you can follow delivered to your email box, check out Baker Barbell Club (Facebook site) by Rippetoe's protege, Andy...
by JoinToday
Tue Dec 31, 2019 12:37 am
Forum: Personal Consumer Issues
Topic: Noise Cancelling Headphones
Replies: 20
Views: 1940

Re: Noise Cancelling Headphones

... IF I USED THIS STYLE OF HEADPHONE, WOULD I GET BETTER HEARING PROTECTION? The short answer is NO. 30 dB is a factor of 1000 reduction in sound. There are multiple paths to your ear, one is through your skull bone. Even if you completely eliminated the sound through the air (which isn't going to...
by JoinToday
Tue Dec 17, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: question(s) re taxation of trust distributions
Replies: 4
Views: 232

Re: question(s) re taxation of trust distributions

I am not a lawyer, but this is my understanding after being trustee two times (currently I am also a trustee). 1. If all assets are distributed, all income will be distributed. The K-1 generated by the accountant will reflect the income distributed. The beneficiaries will pay the tax based on their ...
by JoinToday
Sun Nov 03, 2019 5:47 pm
Forum: Personal Investments
Topic: Principal fees ridiculous!
Replies: 32
Views: 3414

Re: Principal fees ridiculous!

But if she wants her match she has no option😒 And she should use this option. Up to the match is a no brainer. How much after that depends on how much she can save each year. Up to the match then switch to Roth IRA is likely a good choice. I have always read you should contribute to get the match. ...
by JoinToday
Thu Oct 31, 2019 5:05 pm
Forum: Personal Investments
Topic: opinion, IA upset moving assets to Vanguard
Replies: 34
Views: 3287

Re: opinion, IA upset moving assets to Vanguard

I didn't read all the previous responses, but I agree with part of what I read, and partially disagree with some: 1. Agree: move the IRA funds to Vanguard. No question about this 2. Partially Disagree: For the after tax money with capital gains: I faced this same question when I sold ALL of my after...
by JoinToday
Sun Oct 27, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance question
Replies: 18
Views: 2509

Re: Inheritance question

... I'd pay a CPA $200 for 30-45 min of their time to get a clear answer in email. Generally good advice from previous posters. I do not believe the gift tax is not applicable for inheritances. (but I am not a CPA/tax person) I would not hire a CPA at this time. Just wait for the K-1 to arrive at t...
by JoinToday
Sun Oct 27, 2019 12:34 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 229
Views: 30371

Re: I’m done with index funds

I am not buying the $50K per million every year unless the OP is still buying a lot of stock. 1. I had a lot of opportunities to tax loss harvest when I initially bought index funds. But eventually, stock prices go up, and now my cost basis is low compared to the current value. I no longer have the ...
by JoinToday
Fri Oct 25, 2019 10:08 am
Forum: Personal Consumer Issues
Topic: Security camera questions
Replies: 10
Views: 1430

Re: Security camera questions

... I use BlueIris software on a PC but DVRs will be similar and all of them should allow you view the remote recordings and fast forward/rewind them via a remote PC or phone app. My PC based recorder runs for months without any interaction from me so being remote is not a problem though I acknowle...
by JoinToday
Mon Sep 23, 2019 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 210
Views: 28710

Re: Trust Services

...... Also they can never seem to estimate how much their suggested portfolio will return, so I can estimate how much they are going to lose ..... If you weren't distributing anything from the trust: 72 / ER = number of years for the advisor + funds to take one half (50%) of your assets 42 / ER = ...
by JoinToday
Sat Sep 21, 2019 1:03 am
Forum: Personal Investments
Topic: Withdrawal Approach
Replies: 29
Views: 2577

Re: Withdrawal Approach

I think what you are doing is market timing (on a small scale). Taking money out of the market when it "appears" like the market has done well and you feel like the market is going to under perform in the future is market timing. If this helps you stay the course or lets you sleep well at night, it...
by JoinToday
Sat Sep 21, 2019 12:59 am
Forum: Personal Investments
Topic: Withdrawal Approach
Replies: 29
Views: 2577

Re: Withdrawal Approach

..... Just choose an Equities/Bonds asset allocation that you can live with such as 60/40 for the rest of your life. Withdraw in a tax-efficient manner and rebalance in a tax-efficient manner. What livesoft posted is the essence of what you need to do. Not a lot of words, but the message speaks vol...
by JoinToday
Fri Sep 20, 2019 12:49 pm
Forum: Personal Investments
Topic: Withdrawal Approach
Replies: 29
Views: 2577

Re: Withdrawal Approach

I think what you are doing is market timing (on a small scale). Taking money out of the market when it "appears" like the market has done well and you feel like the market is going to under perform in the future is market timing. If this helps you stay the course or lets you sleep well at night, it...
by JoinToday
Fri Sep 20, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: Vanguard PAS -- one size fits all?
Replies: 19
Views: 2908

Re: Vanguard PAS -- one size fits all?

https://institutional.vanguard.com/iam/pdf/CIRAVOA.pdf shows before and after for clients who signed up with Vanguard PAS. Customers who were aggressive moved to roughly 60/40 with 1/3 international. Clients who were conservative moved to roughly 60/40 with 1/3 international. For this, they paid 0....
by JoinToday
Fri Sep 20, 2019 11:37 am
Forum: Personal Investments
Topic: Withdrawal Approach
Replies: 29
Views: 2577

Re: Withdrawal Approach

..... On average, cash is the lowest return asset class, so there is no reason for a retiree to have cash. I pay most expenses with a credit card that I pay off monthly and thus carry no debt. I get the money to pay off the credit card from quarterly dividends or selling shares of equity funds in m...