Search found 7156 matches

by KlangFool
Sun Dec 17, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with H&R Block Tax Software Download
Replies: 10
Views: 509

Re: Problem with H&R Block Tax Software Download

OP, This is why I do not buy the download version. The disc version is the same price most of the time. KlangFool ?? I have not bought a disc version in years, but back when I still was the first thing it always did was update itself via a download. So what's the point to it? Anyway, the last few y...
by KlangFool
Sun Dec 17, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with H&R Block Tax Software Download
Replies: 10
Views: 509

Re: Problem with H&R Block Tax Software Download

OP,

This is why I do not buy the download version. The disc version is the same price most of the time.

KlangFool
by KlangFool
Sun Dec 17, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: When to move into bonds
Replies: 37
Views: 2687

Re: When to move into bonds

I am ~9 years from retirement and am unsure how/when to move into bonds. I have invested 100% in stocks/mutual funds/etfs for years and hate the thought of losing the higher gains. My situation is as follows: - age 53 and married; both children are done with college - my wife and I both max out our...
by KlangFool
Sun Dec 17, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: When to move into bonds
Replies: 37
Views: 2687

Re: When to move into bonds

OP,

Starting Net Worth $1,400,000
Annual Savings $48,000
Years
Annual Return Rate 9
5.00% $2,701,135
6.00% $2,916,854
7.00% $3,148,786
8.00% $3,398,009
9.00% $3,665,660


You can get there with 70/30. You have no need to take the risk. So, you should change to 70/30 immediately.

KlangFool
by KlangFool
Sun Dec 17, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 71
Views: 2570

Re: New job offer - background check

Thanks all. I will tell the recruiter that I cannot give notice at my current job until I have been informed that all checks and other conditions of the offer are clear. I am not going to bring anything up. If the recruiter asks if anything may come up in the check that concerns me, I am going to b...
by KlangFool
Sun Dec 17, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 71
Views: 2570

Re: New job offer - background check

If your job is at a financial institution, especially a Federally chartered bank, I would allow extra time for them to do the background check. Wherever the new job is, I don’t recommend resigning until you’ve cleared on-boarding checks. It is with a privately held service company. They checked my ...
by KlangFool
Sun Dec 17, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: too much $ in my company of work?
Replies: 40
Views: 2353

Re: too much $ in my company of work?

Best practice for ESPP. Unless your Program has any crazy non-standard provisions it’s probably a good deal. If they let you buy at a discount to the lower of the start and end price it’s a no brainer. https://blog.wealthfront.com/good-espp-no-brainer/ KyleAAA, I disagreed. As per my own experience...
by KlangFool
Sun Dec 17, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 71
Views: 2570

Re: New job offer - background check

Is it customary to tell them/the recruiter that I will need to be informed when the background check is successfully completed so that I can give notice, and that I need to know by Friday of this week? Yup - totally normal. You're not going to raise any red flags by telling the recruiter that you w...
by KlangFool
Sun Dec 17, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: too much $ in my company of work?
Replies: 40
Views: 2353

Re: too much $ in my company of work?

Let me get this straight. You get to purchase stock at a straight up 15% discount? Why are so many people against this? That's a 15% margin of error built in automatically... If it is a good company worthy of investment then it certainly would be with a 15% discount! If the company is struggling th...
by KlangFool
Sun Dec 17, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: too much $ in my company of work?
Replies: 40
Views: 2353

Re: too much $ in my company of work?

hi thanks for the quick responses. Yes auto deduction is currently set to purchase espp stock. However at 15% discount and an 18 month window, its a bit of a no-brainer to participate in ESPP. So perhaps what I need to do moving forward is keep purchasing the ESPP but sell it as soon I get . That w...
by KlangFool
Sun Dec 17, 2017 10:43 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 71
Views: 2570

Re: New job offer - background check

Is it customary to tell them/the recruiter that I will need to be informed when the background check is successfully completed so that I can give notice, and that I need to know by Friday of this week? Yup - totally normal. You're not going to raise any red flags by telling the recruiter that you w...
by KlangFool
Sun Dec 17, 2017 10:41 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 71
Views: 2570

Re: New job offer - background check

tigerdoc93 wrote:
Sun Dec 17, 2017 9:41 am
I agree with other posters that you should not turn in your notice with your current job until the background check is complete. That’s the prudent decision.
+1000.

KlangFool
by KlangFool
Sat Dec 16, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: going to cash w present instability
Replies: 46
Views: 6508

Re: going to cash w present instability

OP, 1) Why do you think it is safe to be in cash? We may have hyper-inflation and cash may worth nothing too. 2) In the time of instability, diversification is your protection. You want to spread your money across multiple asset classes. If you are that worry, you should buy some physical gold too. ...
by KlangFool
Sat Dec 16, 2017 11:03 am
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1496

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

OP, Yes if the 100/0 portion represents 30 or more years of annual expense. Then, even if the market drop by 50%, you still have 25 years of expense. KlangFool I guess I am not really worrying about addressing the edge case of all equity markets I am invested in dropping by 50% and staying there fo...
by KlangFool
Sat Dec 16, 2017 10:44 am
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1496

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

OP,

Yes if the 100/0 portion represents 30 or more years of annual expense. Then, even if the market drop by 50%, you still have 25 years of expense.

KlangFool
by KlangFool
Fri Dec 15, 2017 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Assest allocation - inputs please
Replies: 11
Views: 634

Re: Assest allocation - inputs please

If using the three-fund approach rebalancing is not really difficult at all. It takes me less than 15 minutes per year. I am not a math person, and simply use a pen, paper and a $5 pocket calculator. ruralavalon, It is not difficult for you. But, some people may not be able to do it. And, it has no...
by KlangFool
Fri Dec 15, 2017 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Yearly checkup am I spread to thin?
Replies: 5
Views: 1073

Re: Yearly checkup am I spread to thin?

OP, 1) Do you contribute enough to the Trad 401K in order to qualify for the Earned Income Tax Credit? You have enough money in the taxable account in order to do that. https://www.efile.com/tax-credit/earned-income-credit/ 2) Or, the saver's credit? https://www.bogleheads.org/wiki/Saver%27s_credit ...
by KlangFool
Fri Dec 15, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Assest allocation - inputs please
Replies: 11
Views: 634

Re: Assest allocation - inputs please

Hi all: I have about 143K in retirement account. I have placed the funds as follows, targeting about 70% stocks and 30% bonds in general. 401K funds (117K): Previous rollover money: Van Ext Mkt Idx Adm (VEXAX with ER of 0.08%) - 13K Van Inst Index (VINIX with ER of 0.035%) - 33K Van Tot Bd Mkt Adm ...
by KlangFool
Fri Dec 15, 2017 3:21 pm
Forum: Investing - Theory, News & General
Topic: Am I wrong in thinking about the bull this way?
Replies: 12
Views: 1960

Re: Am I wrong in thinking about the bull this way?

OP, In your case, with 25 years to go, do you want to buy the stock at a bull market (overprice) or bear market (on-sale)? In fact, in your case, whether it is bull or bear market, it really does not matter. Your future and current contribution are larger than your existing portfolio. As long as you...
by KlangFool
Fri Dec 15, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) vs. Roth IRA
Replies: 5
Views: 419

Re: 401(k) vs. Roth IRA

Long-time lurker, first time poster. Love the forum. Here's my question: For 2018, I want to increase my retirement contributions. I have about $7,000 left before I would max out my 401k. Or I could fund my Roth IRA. I don't think I will be able to do both but would like to max one of them. Curious...
by KlangFool
Fri Dec 15, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Should I open a fitness center for extra money?
Replies: 37
Views: 2634

Re: Should I open a fitness center for extra money?

miamivice wrote:
Fri Dec 15, 2017 9:41 am

This person is going to keep their day job, and run the fitness center evenings and weekends.
miamivice,

This is not a scalable profitable business. It is a second job for the person.

KlangFool
by KlangFool
Fri Dec 15, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I open a fitness center for extra money?
Replies: 37
Views: 2634

Re: Should I open a fitness center for extra money?

OP,

Why would you want to do this?

A) You have enough money.

B) You do not have enough time to spend with your family.

C) The amount of profit is insignificant.

I come from a multi-generation business family. Many of my family members are in business.

KlangFool
by KlangFool
Thu Dec 14, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 31
Views: 3101

Re: What is a Reasonable Retirement Cost of Living?

what is a reasonable number (in today's dollars) to use for planning purposes for annual cost of living? $150K? I just don't know. rholt, If you are spending 150K now, you should be able to retire on 150K per year. If you cannot afford to retire on 150K per year, why are you spending 150K per year ...
by KlangFool
Thu Dec 14, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Traditional 401K or Roth 401K at this stage of the game??
Replies: 10
Views: 588

Re: Traditional 401K or Roth 401K at this stage of the game??

What SS benefit do you expect at age 70? $2M in Traditional accounts would have an RMD of $73K in the first year. Add in SS and what do you get as far as your marginal tax rate at age 70? What is your current marginal tax rate? 1. My monthly SS benefit would be $1,875/month @ 62 years old, $2,714/m...
by KlangFool
Wed Dec 13, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4648

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

whiteprius wrote:
Wed Dec 13, 2017 5:58 pm
Yet the after hours trading determines the opening price which is what makes this odd. Back in the old days there was virtually no after hours price movement.
whiteprius,

Can you do better than a bunch of Nobel Prize winners?

https://en.wikipedia.org/wiki/Long-Term ... Management

KlangFool
by KlangFool
Wed Dec 13, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4648

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

whiteprius wrote:
Wed Dec 13, 2017 5:39 pm
That amount of an S&P drop would be 2007ish and unlikely, but your attitude is the right one klangfool. I think smart investors overstate risk and understate upside.
whiteprius,

I lost 50% of my portfolio in the Telecom bust. I paid dearly for my lesson.

KlangFool
by KlangFool
Wed Dec 13, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4648

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

whiteprius wrote:
Wed Dec 13, 2017 5:27 pm
Thesaints wrote:
Wed Dec 13, 2017 5:26 pm
whiteprius wrote:
Wed Dec 13, 2017 5:21 pm
But I'm like 95% sure the S&P will be up tomorrow
Have you ever heard of Nick Leeson ?
Oh come on this isn't *that* risky. I'm in $400k of the actual S&P not a derivative.
whiteprius,

So what? Can you afford to lose 200K? How many years of savings is that? How about 100K?

KlangFool
by KlangFool
Wed Dec 13, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable vs. Tax Deferred - not much difference?
Replies: 38
Views: 2322

Re: Taxable vs. Tax Deferred - not much difference?

You should know that you could withdraw from your tax-deferred accounts before retirement age without paying penalty. If you know this, then, all his arguments are basically pointless. KlangFool Can you please enlighten me here? How can you withdraw from tax-deferred accounts before retirement with...
by KlangFool
Wed Dec 13, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable vs. Tax Deferred - not much difference?
Replies: 38
Views: 2322

Re: Taxable vs. Tax Deferred - not much difference?

I ran the following hypothetical scenario using this calculator . Current investment balance: 0 Annual Contributions: $18,000 Number of Years to invest: 30 After 30 years this scenario yielded: Taxable account: $1,423,047 Tax-deferred (adjusted for taxes): $1,664,323 The difference appears to be ex...
by KlangFool
Wed Dec 13, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable vs. Tax Deferred - not much difference?
Replies: 38
Views: 2322

Re: Taxable vs. Tax Deferred - not much difference?

I've always considered it 'best practice' to max out your tax-deferred accounts before taxable. Exactly how much better is it though? A friend recently made a case for not investing in tax deferred retirement accounts at all... His point was that the benefit of tax-deferred accounts is not signific...
by KlangFool
Wed Dec 13, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA Holders: How Many Of You Max Your Contribution On January 1st?
Replies: 41
Views: 2796

Re: ROTH IRA Holders: How Many Of You Max Your Contribution On January 1st?

OP,

I don't because I need to make sure that my job last enough to provide earned income for the contribution. Normally, I contribute in a lump sum around February or March.

KlangFool
by KlangFool
Wed Dec 13, 2017 2:14 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3576

Re: How to deal with Micro-manager

OP, Who interviewed and hired your wife? It does not look that person is your wife's current manager. The current manager is feeling threatened by your wife. Your wife should talk to her sponsor and ask how to deal with this situation. The sponsor is probably current manager's boss or higher. KlangF...
by KlangFool
Wed Dec 13, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3576

Re: How to deal with Micro-manager

PVW wrote:
Wed Dec 13, 2017 1:16 pm
She's been working for 3 weeks? Give it some time.
PVW,

Why do you think that it will get better? IMHO, it could only get worse if she does not put a stop to this.

KlangFool
by KlangFool
Wed Dec 13, 2017 1:15 pm
Forum: Personal Consumer Issues
Topic: To buy or not in the SF Bay Area (yes another one)
Replies: 24
Views: 2289

Re: To buy or not in the SF Bay Area (yes another one)

OP,

Why would you spend more money on housing expense in order to get a lower quality of life?

Rent.

KlangFool
by KlangFool
Wed Dec 13, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3576

Re: How to deal with Micro-manager

Is the manager the hiring manager? How does the manager interact with other direct reports? Men/women? Senior/junior? What kind of people does he treat with respect? I would not do a skip-level until she has attempted resolution with the manager. Yes - He is the hiring manager. Most of the team is ...
by KlangFool
Wed Dec 13, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3576

Re: How to deal with Micro-manager

This is for my wife who used to work for a big health care company. She moved to an architect role in a new company. She is in her third week. Her manger is a micro manager and seems to throw sarcastic jokes and sentences at her all the time. She worked for companies like JMPC, MS, GE all her life....
by KlangFool
Wed Dec 13, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: How to get some taxable income out of a 401k quickly
Replies: 18
Views: 1027

Re: How to get some taxable income out of a 401k quickly

Thank you for the opinions so far! So it's possible to rollover into a combo of traditional IRA and Roth IRA? Would I be able to make (small) transfers from the traditional to the Roth in future without penalty (assuming low income)? I can do some 72(t) distributions if not. Also, I haven't done a ...
by KlangFool
Wed Dec 13, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: How to get some taxable income out of a 401k quickly
Replies: 18
Views: 1027

Re: How to get some taxable income out of a 401k quickly

Rkhusky, There is a rule (72t I believe), that allows equal distributions at/after age 55 for 5 years or attaining age 59.5 and that avoids the 10% penalty. Ace1, It is not 72t. You do not need equal distribution. http://www.401khelpcenter.com/401k_education/Early_Dist_Options.html#.WjFbpd-nH-g << ...
by KlangFool
Wed Dec 13, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: How to get some taxable income out of a 401k quickly
Replies: 18
Views: 1027

Re: How to get some taxable income out of a 401k quickly

If you can't withdraw from IRA without incurring 10% penalty, how could you withdraw from 401k without incurring the penalty (re #2)? As Ace1 says, rolling over to Roth seems like the best bet. rkhusky, OP could because there is a special exemption for 401K when a person retired at 55 years old tha...
by KlangFool
Wed Dec 13, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 15
Views: 1534

Re: pay down mortgage or invest in taxable

OP,

Do you have kids? Do you plan to pay for their college education? In your case, invest in 529 may make sense.

KlangFool
by KlangFool
Wed Dec 13, 2017 8:11 am
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 15
Views: 1534

Re: pay down mortgage or invest in taxable

Hello all, I'm trying to decide whether I should pay down a 30 year fixed mortgage at 3.875 with about 550K left on a 1M home that I plan on living in forever; or invest in my taxable account? I already contribute max to two 401ks, hsa, 2 back door roths (for my and my spouse), ... all other debts ...
by KlangFool
Tue Dec 12, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Play money individual stocks, which ones?
Replies: 49
Views: 2650

Re: Play money individual stocks, which ones?

I would say BH are not buying individual stocks, or rather a few do. I don't know how much a fair number is. If you would like an enthusiast site for stock picking I recommend this one: http://socialize.morningstar.com/NewSocialize/asp/AllConv.asp?forumId=F100000005 Given the number of play money t...
by KlangFool
Tue Dec 12, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 154
Views: 15446

Re: What to do after losing $117k in stock market?

Ten years ago, I lost $210K while still in school (student loans and credit cards). My suggestion would be to contribute to tax advantaged accounts up to the limit, then put the rest toward student loans. It is nice feeling to see declining loan balances. It provides a sense of accomplishment that ...
by KlangFool
Tue Dec 12, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 57
Views: 4946

Re: Any of you trade just a little as a hobby?

OP, 1) I keep $5,000 in a play account. If I win, I withdraw enough to keep it at $5,000. If I lost it all, I stop. 2) I aim for the small company at less than 1 billion capitalizations with the possibility of 10X to 30X return. 3) I have not found anything worthwhile to gamble for a few years. 4) I...
by KlangFool
Tue Dec 12, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 154
Views: 15446

Re: What to do after losing $117k in stock market?

OP, 1) You are not the only one. I lost 50% of my investment by gambling on Telecom stock 10+ years ago. I learned my lesson. 2) I stop myself from gambling on the stock. I invest in the all-in-one fund like LifeStrategy Moderate Growth fund and Wellington fund. 3) Find a hobby. 4) If you want to ga...
by KlangFool
Mon Dec 11, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7744

Re: Done gone and did it

I was clicking some stuff on the Megacorp web site and next thing you know I've submitted a retirement notice for January 31, 2018. :) Getting set up for hand-off of duties and whatnot over the coming weeks. A new chapter. Earl Lemongrab, I hope it works out for you. My friend's co-worker told her ...
by KlangFool
Mon Dec 11, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7744

Re: Done gone and did it

I hope it works out for you. My friend's co-worker told her employer that she is quitting in 2 months' time. The employer laid her off immediately so that she cannot qualifies for retiree's health benefit. Good on your friend for getting a lawyer. Section 510 of ERISA makes it "unlawful for any per...
by KlangFool
Mon Dec 11, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: What cause BH fear about running out of saving though they have big size of asset?
Replies: 27
Views: 1701

Re: What cause BH fear about running out of saving though they have big size of asset?

steve50 wrote:
Mon Dec 11, 2017 1:35 pm
Future medical costs!! They can wipe your savings out pretty fast.

People without money don't have to worry about it since everything will be paid for them.
+1000.

KlangFool
by KlangFool
Mon Dec 11, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7744

Re: Done gone and did it

I was clicking some stuff on the Megacorp web site and next thing you know I've submitted a retirement notice for January 31, 2018. :) Getting set up for hand-off of duties and whatnot over the coming weeks. A new chapter. Earl Lemongrab, I hope it works out for you. My friend's co-worker told her ...
by KlangFool
Mon Dec 11, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7744

Re: Done gone and did it

This event just happened right before Thanksgiving. And, it is a megacorp. I didn't intend to express doubt. I'd take a layoff if I could get it. That would be better for me. After all, I don't get any severance or unemployment. Earl Lemongrab, She was laid off before the end of the year. Hence, sh...