Search found 126 matches

by UpsetRaptor
Tue Jul 17, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: When to invest 100000?
Replies: 36
Views: 2327

Re: When to invest 100000?

Thread should've ended on post #2. When stocks were so clearly overpriced in 1996 that Alan Greenspan gave his "irrational exuberance" speech, they doubled from there before crashing. If you sold when he gave the speech and decided to wait until they crashed back down to that day's level before buyi...
by UpsetRaptor
Tue Jul 17, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Kids Investemnt Advice
Replies: 3
Views: 237

Re: Kids Investemnt Advice

Are your parents aware of the gift tax implications of giving you $100K? In answer to your question, depends on your situation. Do you have a solid emergency fund? Are you maxing your retirement accounts? Me, I'd go for all in my kids' 529s, but I'm probably in the minority on that, and have a decen...
by UpsetRaptor
Tue Jul 17, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: Which minivan?
Replies: 47
Views: 4522

Re: Which minivan?

Best deal.

Unlike the 70s or 80s, these days pretty much everybody among the Japanese, Americans, Koreans, and Europeans makes good automobiles. There's still a small chance of a lemon with any of them, but it's just a crapshoot.
by UpsetRaptor
Tue Jul 17, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Small windfall, no debt, where to put it? [USA]
Replies: 10
Views: 615

Re: Small windfall, no debt, where to put it? [USA]

Another +1 to aerosurfer's approach, with the added tweak of going up to whatever the max of your current state tax deduction/credit is for the 529. College costs are high, but as long as there's enough people who believe it's worth the investment and willing to pay it, they'll just continue to go up.
by UpsetRaptor
Mon Jul 16, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 68
Views: 4210

Families - What's your total annual credit card spend?

Just for reference, I'm curious what you married-with-kids bogleheads are spending on your combined total credit card expenses each year? The last couple years DW + I have been in the $40-$45K range. Seems high to me when I look at it, though we do have 3 kids and put everything we can on CCs, inclu...
by UpsetRaptor
Mon Jul 16, 2018 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Changing jobs - 401k etc
Replies: 8
Views: 419

Re: Changing jobs - 401k etc

1) I'd roll old 401(k) over into the new one. Don't use a tIRA because that'll cause issues with future Backdoor Roth conversions, which you should be doing every year moving forward, now that you're above Roth IRA income limit, and have mega backdoor capability. 2) You should re-characterize your R...
by UpsetRaptor
Thu Jul 12, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 44
Views: 2892

Re: Credit score after becoming debt free?

It doesn't really matter as long as you're above 750 or so, you still get the best rates if you decide to incur debt again. Some people look at their credit score as a higher-is-always-better badge of honor type thing, but once you're high 700s+, you shouldn't look at it that way. Having/paying debt...
by UpsetRaptor
Thu Jul 12, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: AOL - update to terms of service
Replies: 29
Views: 2042

Re: AOL - update to terms of service

Key quotes from the new terms of service: "analyze content and information when you use its services" "automatically remove any information that could reasonably identify the recipient" Is automated scanning actually the same as someone reading your email? Pretty much every email provider does autom...
by UpsetRaptor
Mon Jul 09, 2018 8:59 am
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 5303

Re: How to tip

Just an observation reading through replies, it really does seem like 20% is the new 15%. And a fair number of 25%s sneaking in...
by UpsetRaptor
Fri Jun 29, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: Why is warren buffet okay with no owning any bonds?
Replies: 48
Views: 4579

Re: Why is warren buffet okay with no owning any bonds?

Foolish, he's going to be in such a pickle next downturn.
by UpsetRaptor
Wed Jun 27, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: DNA ancestry testing
Replies: 84
Views: 8077

Re: DNA ancestry testing

One problem with ancestry data, which leads to the situations with different interpretations and potential errors, is that with all the migrations, it's theoretically impossible to give an individual a blanket country/ethnic percentage without at least giving a date as to when that data was captured...
by UpsetRaptor
Mon Jun 18, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: Why do we need 529?
Replies: 42
Views: 4239

Re: Why do we need 529?

The bogleheads.org forum members routinely recommend that people contribute the maximums possible to retirement accounts before even considering a 529 plan, so the linked article continues in that spirit. Eh. We're passing on my wife's 403(b) space in favor of a 529. My wife has a solid pension ahe...
by UpsetRaptor
Thu May 31, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Employer Forcing Transfer of 529
Replies: 15
Views: 1951

Re: Employer Forcing Transfer of 529

What state? A resident of the following states (at the time of this writing) will get the state tax deduction/credit even if the resident uses another state's plan: Arizona, Arkansas, Kansas, Minnesota, Missouri, Montana and Pennsylvania. At least the rule is there for the company's own compliance w...
by UpsetRaptor
Wed May 23, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Worth opening a 529?
Replies: 5
Views: 649

Re: Worth opening a 529?

Yes, you can/should run tuition through a PA 529 account and then get the state tax deduction. Yes, you and your husband can both do this up to the 15K deduction each.
by UpsetRaptor
Mon May 21, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: When should we stop contributing to our 529?
Replies: 18
Views: 1924

Re: When should we stop contributing to our 529?

not knowing the rest of your financial picture and if you want to RE, etc If you receive a state tax deduction for contributing to 529, contribute enough to get the deduction. Then put the rest in your taxable account. Reassess every few years. +1 to this I wish I bookmarked the thread, but there w...
by UpsetRaptor
Mon May 21, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24881

Re: Lucrative careers?

You could get a CS degree. Lots of companies paying $200k+ these days. Op, please allow me to be about the seventeenth experienced software engineer with a CS degree in this thread to try to dispel your illusion of making $200K+ off a BS in Computer Science, for the vast majority of reasonable jobs...
by UpsetRaptor
Mon May 21, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24881

Re: Lucrative careers?

You could get a CS degree. Lots of companies paying $200k+ these days. Op, please allow me to be about the seventeenth experienced software engineer with a CS degree in this thread to try to dispel your illusion of making $200K+ off a BS in Computer Science, for the vast majority of reasonable jobs...
by UpsetRaptor
Thu May 17, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Gifts for Kids... 529? Savings Bonds? What's the best option?
Replies: 8
Views: 794

Re: Financial Gifts for Kids... 529? Savings Bonds? What's the best option?

529 If they don't have one set up already, they should. For you to gift to them, usually all they have to do create a code, where you then go into a website and do it. And as a bonus, if they don't have a 529 acct yet and then they create one for this purpose, maybe they'll be more apt to invest in ...
by UpsetRaptor
Mon May 14, 2018 1:25 pm
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 140
Views: 12235

Re: The front page is ugly

I hear Edward Jones has a pretty snazzy landing page. :wink: I know that was in jest, but it's true. And if a random fella spent a few minutes surfing the net to try to find financial advice, most FA sites would come across as far more professional than BH.com. The point of a better, more professio...
by UpsetRaptor
Mon May 14, 2018 9:28 am
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 140
Views: 12235

Re: The front page is ugly

I agree with OP. The look and simplicity of the entry www.bogleheads.org page may be fine for those of us who already know/love this site, but remember that all the clueless noobs out there are inundated with financial "advice" from many directions, and don't know what's good and bad. FAs all have p...
by UpsetRaptor
Tue May 08, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Correcting an Error? Invested high dividend index fund in taxable account.
Replies: 25
Views: 1886

Re: Correcting an Error? Invested high dividend index fund in taxable account.

selters wrote:
Sat May 05, 2018 8:32 am
The standard Boglehead advice is to put everything in taxable in Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX).
Is this true? Assuming one has enough space elsewhere for their US allocation, I thought the taxable preference was international (VTIAX) for the foreign tax credit?
by UpsetRaptor
Mon May 07, 2018 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Start 529 Plan?
Replies: 45
Views: 2188

Re: Start 529 Plan?

Thanks for all the advice! For those who are funding above what expected college/grad expenses will be, what are your plans to do with the excess money? After kids graduate change the beneficiary to grandkids? That's probably my plan, if I have any left over. But it's also worth noting 529s can be ...
by UpsetRaptor
Mon Apr 30, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie - 529 Help
Replies: 18
Views: 1247

Re: Newbie - 529 Help

This is outside the scope of your question, but do you really want to put this much into the 529? After 20 years this will likely be around $1MM. I have a 529 for both my daughters, and I don't mean to complicate things for you, but I do feel like you should consider the below questions. What if yo...
by UpsetRaptor
Tue Apr 24, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Stock
Replies: 7
Views: 347

Re: Gifting Stock

Where did I go wrong? I thought if you gifted a person a stock you also gifted them the basis in that stock. I was under the impression if the recipient took the stock and sold it his gain would be taxable. Please help me understand the rules here. Yes, the son would pay tax on the gains. It would ...
by UpsetRaptor
Sat Apr 21, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 85
Views: 9809

Re: Pension Freeze - What did you do?

A very important conclusion that I came to during difficult times within my company was that it does no good to get all worked up over things you can't control. All it will do is ruin your attitude and probably your reputation within the company. The company may come out the other end financially s...
by UpsetRaptor
Sat Apr 21, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Considering a 529 with limited time horizon
Replies: 6
Views: 859

Re: Considering a 529 with limited time horizon

What cap gains tax bracket are you in now, and what cap gains bracket do you think you'll be in in 3, 4, and 6 years? If the answer is 15% across the board, I don't see why you wouldn't still want to utilize a 529, assuming you have planned college expenses ahead of you. Even without a state deducti...
by UpsetRaptor
Fri Apr 20, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Successor Upon Owner Death
Replies: 10
Views: 1122

529 Plan Successor Upon Owner Death

In my state's 529 plan, there's a place on the site where the owner can put in a Successor owner. Let's suppose that on an account where my child is the beneficiary and I'm owner, I choose to list another relative as Successor other than my wife, because while she's wonderful and I'm lucky to have h...
by UpsetRaptor
Fri Apr 20, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Interesting vs higher paying job
Replies: 40
Views: 3305

Re: Interesting vs higher paying job

I'm the opposite of jebmke, whenever I have a career crossroads decision, I always take the money.
by UpsetRaptor
Fri Apr 20, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - grandmother or son?
Replies: 11
Views: 1010

Re: 529 Plan - grandmother or son?

Yes, if son sets up account as owner, with grandchild as beneficiary, grandma can contribute under 5 yr spread rule. It's considered a gift to beneficiary, not son, so future gifts to son could still occur. If you use VA plan so Son could potentially make future deductible contributions, the gift sh...
by UpsetRaptor
Thu Apr 19, 2018 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3820

Re: Good Dad, Bad Dad [pay for son's driving expenses (or not)]

Not first year of college. Just focus on studies. Maybe second, if he's still doing well. Just my .02.
by UpsetRaptor
Thu Apr 19, 2018 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 10888

Re: Got hit with a $2800 Medical bill. Can I negotiate?

These medical bill threads are almost getting to be as bad as political threads.
by UpsetRaptor
Thu Apr 19, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Use Large Tax Refund for HELOC or 529?
Replies: 21
Views: 1340

Re: Use Large Tax Refund for HELOC or 529?

Normally I'm a big 529 proponent for those who have kids and college expenses ahead of them, especially when a state tax deduction is in play too. However, in your situation I'd look at using the extra $16K tax return to pay down some debt. What's the rate on your car loan? If it's close to or more ...
by UpsetRaptor
Thu Apr 19, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - grandmother or son?
Replies: 11
Views: 1010

Re: 529 Plan - grandmother or son?

Because of the 5-yr 529 gift tax spread rule, she could gift up to $75K per grandchild straight into their 529 fund. If it was me, I'd tell Son to open a 529 on his end in VA for each daughter and go get a uGift 529 code, and do the lump sum $75K gift into each to start the tax free gains clock. Tha...
by UpsetRaptor
Wed Apr 18, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Iowa 529 for spouse and myself
Replies: 2
Views: 475

Re: Iowa 529 for spouse and myself

You're correct. Iowa has deduction recapture rules for rollovers to an out of state plan and nonqualified withdrawals, but nothing about intra-family transfer to another Iowa plan.
by UpsetRaptor
Wed Apr 18, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Hampers Pension Plans
Replies: 30
Views: 3060

Re: Larry Swedroe: What Hampers Pension Plans

I like Larry and his boglehead-ish history of course, but most of the recent articles I've read from him are just thinly veiled marketing pitches for his advisory firm. This one's the same - clickbaity headline and content covering a controversial topic, which then segues into Buy My Product. I don'...
by UpsetRaptor
Tue Apr 17, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 19
Views: 2690

Re: Relative Never Took RMDs on Inherited IRA From 2004

You guys are great. Though I'm still unsure on if we need to do a separate 5329 for each year missed or if we can just do all in one. Spirit Rider and https://www.morningstar.com/news/glbnewscan/718181/damage-control-for-a-missed-rmd.print.html say separate, but the majority of others here say all i...
by UpsetRaptor
Tue Apr 17, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 19
Views: 2690

Re: Relative Never Took RMDs on Inherited IRA From 2004

Don't forget to amend the return she just filed and include the 13 years of missed RMDs. You can include the 5329 with that. As for reason - I would just say she was unaware of the RMD requirement. +1 Don't bring your CPA into this contact with IRS, but maybe CPA could give you the numbers if you c...
by UpsetRaptor
Tue Apr 17, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 19
Views: 2690

Relative Never Took RMDs on Inherited IRA From 2004

A relative never took RMDs on a tIRA she inherited in 2004, so she has 13 years of missed RMDs. The custodian of the IRA, Fidelity, just noticed and notified her that this is a problem. She's (obviously) not great with money, so I'll be trying to help her fix this. The IRA currently has ~$25K in ass...
by UpsetRaptor
Mon Apr 16, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate % when tax deferred should take back seat
Replies: 16
Views: 959

Re: Mortgage rate % when tax deferred should take back seat

The common mistake is thinking in nominal terms. If the best rate available to a good borrower was 15%, and inflation is at 0%, then paying that off is a great investment. I'm not enough of an economic historian to say that setup never happened anywhere, but I can tell you that it is unlikely to ha...
by UpsetRaptor
Mon Apr 16, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage rate % when tax deferred should take back seat
Replies: 16
Views: 959

Re: Mortgage rate % when tax deferred should take back seat

Wouldn't this just be when the mortgage rate approaches your expected rate of return of your tax advantaged investment? E.G. let's say you have $5,500 after tax money, which you put into a Roth that grows at 7% for 30 years, it's worth $42K, which is $5,500 principal and $36K tax free earnings. Then...
by UpsetRaptor
Thu Apr 12, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Crazy to start 529 without kids??
Replies: 49
Views: 3907

Re: Crazy to start 529 without kids??

Crazy smart. Since you're planning on having kids anyways, earlier you start it, earlier you start the tax free gains.
by UpsetRaptor
Wed Apr 11, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Should I prewire my home network myself?
Replies: 40
Views: 2528

Re: Should I prewire my home network myself?

Your home will totally be 2003-ready.
by UpsetRaptor
Tue Apr 10, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: How do you estimate your home's market value?
Replies: 53
Views: 3791

Re: How do you estimate your home's market value?

Tax assessment value is probably best you can estimate, without spending money.

Zillow's often way off. There's been threads here on this. My last house zestimate was 20% higher than what I sold it for, which is a lot.
by UpsetRaptor
Mon Apr 09, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 14170

Re: Ivy school education. Is it worth it?

It's worth noting that the vast majority of the literature outside of the Dale-Krueger studies have found a positive ROI for college selectivity (Long 2005, Scott-Clayton 2016, many more), even after controlling for socioeconomic background, major, test scores, etc. Dale-Krueger say those other stud...
by UpsetRaptor
Fri Apr 06, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 78
Views: 11512

Re: Who uses the 3 fund portfolio ?

For asset allocation I use three fund plus TIPS: 25% total US stock; 15% total international stock; 40% inflation-protected fixed income; 20% nominal fixed income. So call it 40/60. I literally do have more than four mutual funds, but that's for logistics reasons. It might as well be four, because ...
by UpsetRaptor
Thu Apr 05, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Looking at houses... Realistic price range?
Replies: 21
Views: 3539

Re: Looking at houses... Realistic price range?

kjvmartin wrote:
Tue Apr 03, 2018 8:41 am

The difference between a 3 and 4 bedroom dwelling in our area isn't that big, though there aren't as many on the market. We may settle for three and save $30-50k if it's "the right house" otherwise. Our kids share a room now and it's no trouble.

kjvm
Think about down the road too though.
by UpsetRaptor
Thu Apr 05, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: flood and earthquake insurance for house
Replies: 15
Views: 1209

Re: flood and earthquake insurance for house

I couldn't believe the high deductible on EQ insurance when quoting things out last home purchase. It was 20% of the value of the house, which equated to a six figure amount. That's a LOT of damage that would need to be caused, in order to exceed. I'm not in an epicenter zone (red or bright orange o...
by UpsetRaptor
Wed Apr 04, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need intermediate bonds?
Replies: 11
Views: 970

Re: Do I need intermediate bonds?

Just some general thoughts Opie: - There's a fair amount of market-timing-ish thought process in your last post, which is generally frowned upon here, in favor of staying the course with a more static, established strategy. - By saying your portfolio is 22% bonds, you're 78% equities then? Or have c...
by UpsetRaptor
Wed Apr 04, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor fees? Am I paying too much?
Replies: 54
Views: 4664

Re: Financial Advisor fees? Am I paying too much?

Yes, you're paying way too much in FA fees.

You should spend a couple hours reading through the wiki and all the stickies in the boards here. Sandtrap's links above are a great place to start.

It may very well be the best ROI for a couple hours' time you'll ever have in your entire life.