Search found 4458 matches

by Silk McCue
Sat May 23, 2020 7:35 pm
Forum: Personal Investments
Topic: Roth IRA and Traditional IRA, merge or no?
Replies: 10
Views: 762

Re: Roth IRA and Traditional IRA, merge or no?

Welcome to Bogleheads! Glad to see you have read the Bogleheads Guide to Investing. It’s how I got my start setting things right a few years ago. You cannot “merge“ the tIRA and Roth together. If you wanted only Roth you could convert the tIRA to Roth but will pay taxes on the amount at your margina...
by Silk McCue
Thu May 21, 2020 8:41 am
Forum: Personal Finance (Not Investing)
Topic: HELOC prime minus margin rate ?
Replies: 11
Views: 698

Re: HELOC prime minus margin rate ?

Most banks have floor of 3% and ceiling of 18% on HELOC rates. Given a choice it looks better to go with bank offering full 1% below prime rate. In future if prime rate increases why pay more interest for same loan with bank charging prime plus? In past TF offered prime --1%. Can anyone suggest if ...
by Silk McCue
Wed May 20, 2020 6:50 am
Forum: Personal Finance (Not Investing)
Topic: HELOC prime minus margin rate ?
Replies: 11
Views: 698

Re: HELOC prime minus margin rate ?

The margin is written into my ThirdFederal HELOC that I opened a year ago when it was -1.01%. My rate is currently 2.24%. I drew $50k on the line after the margin % had already changed. I don’t believe they can change the terms on me but know that they could easily close lines/zero out the limit if...
by Silk McCue
Tue May 19, 2020 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: 1040-X (amended tax return) question
Replies: 7
Views: 385

Re: 1040-X (amended tax return) question

They aren’t currently processing paper returns due to Coronavirus. You are going to have to wait a while.

Cheers
by Silk McCue
Tue May 19, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC prime minus margin rate ?
Replies: 11
Views: 698

Re: HELOC prime minus margin rate ?

The margin is written into my ThirdFederal HELOC that I opened a year ago when it was -1.01%. My rate is currently 2.24%. I drew $50k on the line after the margin % had already changed. I don’t believe they can change the terms on me but know that they could easily close lines/zero out the limit if ...
by Silk McCue
Tue May 19, 2020 4:26 pm
Forum: Personal Consumer Issues
Topic: Tea supplier comparison
Replies: 48
Views: 4028

Re: Tea supplier comparison

Stormbringer47 wrote:
Tue May 19, 2020 10:07 am

First Time Poster . . . Greetings everyone.
Welcome to Bogleheads!

Cheers
by Silk McCue
Mon May 18, 2020 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 322
Views: 29569

Re: Quicken 2019 and forward

How many bugs can there be? Answer: https://community.quicken.com/categories/alerts I clicked the link and it was about a problem with Chase downloads, it said it was fixed. Sure enough after years of not being able to download form Chase I now can. Now if they can fix the problem with USAA I will ...
by Silk McCue
Sun May 17, 2020 7:07 pm
Forum: Investing - Theory, News & General
Topic: Qualified charitable distribution before the CARES act
Replies: 1
Views: 127

Re: Qualified charitable distribution before the CARES act

Yes you can do a QCD this year. The CARES Act has no impact on this.

Cheers
by Silk McCue
Sun May 17, 2020 10:35 am
Forum: Personal Investments
Topic: Large inheritance -- looking for advice
Replies: 65
Views: 9917

Re: Large inheritance -- looking for advice

1030danielle wrote:
Sun May 17, 2020 10:31 am
I’m curious what the OP ended up doing.
This has been an informative thread for me, as both my mother and stepfather died within the last year.
—Danielle
OP hasn't been back to the site since Fri Jun 08, 2018 7:56 pm per their profile.

Cheers
by Silk McCue
Sun May 17, 2020 10:25 am
Forum: Personal Investments
Topic: Which ETF should i choose from the big list of Vanguard ETF's?
Replies: 19
Views: 1336

Re: Which ETF should i choose from the big list of Vanguard ETF's?

Build a Three Fund Portfolio using the recommendations here (you can substitute the ETF versions of the Mutual Funds listed).

https://www.bogleheads.org/wiki/Three-fund_portfolio

Cheers
by Silk McCue
Sun May 17, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Need help from NYC Real Estate Experts!!!
Replies: 35
Views: 2899

Re: Need help from NYC Real Estate Experts!!!

Welcome to Bogleheads! It sounds like a poor financial decision. Some itches shouldn't be scratched just because you can. Setting up a recurring hotel reservation seems like a much better idea and provides you with much greater flexibility. Not owning at one location also allows you to venture out t...
by Silk McCue
Sat May 16, 2020 3:33 pm
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 55
Views: 3691

Re: Open Social Security strategy results question

There a number of reasons that I find this analysis incomplete. It does not take non-wage non-SS income into account, such as interest, dividends, annuities or royalties. It also does not consider the opportunity to do ROTH conversions at lower tax rates before starting SS. When I hit full retireme...
by Silk McCue
Sat May 16, 2020 2:29 pm
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 55
Views: 3691

Re: Open Social Security strategy results question

The calculator is making (possibly unwarranted) assumptions about your lifespans. If you ask the calculator to give you the optimal strategy assuming you both live to be 110, the calculator will likely have your wife waiting until at least her full retirement age before claiming. Likewise, if you a...
by Silk McCue
Sat May 16, 2020 1:02 pm
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 55
Views: 3691

Re: Open Social Security strategy results question

The calculator is making (possibly unwarranted) assumptions about your lifespans. If you ask the calculator to give you the optimal strategy assuming you both live to be 110, the calculator will likely have your wife waiting until at least her full retirement age before claiming. Likewise, if you a...
by Silk McCue
Sat May 16, 2020 12:42 pm
Forum: Personal Investments
Topic: Retirement Planning Today’s $ or Future $?
Replies: 18
Views: 917

Re: Retirement Planning Today’s $ or Future $?

I would start another thread with a new title referencing your desire to have the readers review your portfolio (rather than answer a specific question about real v nominal planning). Ok thanks. Just want to know if on track or will fall short. I’ll start a new thread titled ‘Please Review My Portf...
by Silk McCue
Sat May 16, 2020 12:36 pm
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 55
Views: 3691

Re: Open Social Security strategy results question

This might help. It’s just math - note the bolded words below. https://opensocialsecurity.com/about Open Social Security is a free, open-source Social Security strategy calculator. The calculator runs the math for each possible claiming age (or, if you're married, each possible combination of claimi...
by Silk McCue
Sat May 16, 2020 7:12 am
Forum: Personal Investments
Topic: Retirement Planning Today’s $ or Future $?
Replies: 18
Views: 917

Re: Retirement Planning Today’s $ or Future $?

I run all my planning calcs including inflation. I then also deflate all numbers to reflect the impact of inflation so that I have both views. Not doing so will give you a false sense of security with the "big" numbers that come with inflation.

Cheers
by Silk McCue
Fri May 15, 2020 6:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 111
Views: 10391

Re: Vanguard Digital Advisor

Bogleheads don’t need those services although some may choose them for various good personal reasons. A tremendous percentage of the financially under educated will. Both offerings are very inexpensive and may help them choose a course that they can stay with.

Cheers
by Silk McCue
Fri May 15, 2020 12:59 pm
Forum: Personal Investments
Topic: Need Help Comparing Savings Rates
Replies: 3
Views: 407

Re: Need Help Comparing Savings Rates

On the Capital One 360 Performance Savings Account, if you factor in the cash bonus the effective interest rate comes out to 2.5%. I haven't seen any other savings accounts with rates anywhere near that. I read the disclosure and don't see any catches. Looks like all you have to do is maintain the ...
by Silk McCue
Thu May 14, 2020 5:15 pm
Forum: Personal Investments
Topic: Need Help Comparing Savings Rates
Replies: 3
Views: 407

Re: Need Help Comparing Savings Rates

You are correct. The 7 day yield is what matters from a forward perspective and comparison. You should definitely check this out. https://www.capitalone.com/score500/?external_id=360B_MM_SEM_71700000066199441GOOGLE58700005832629247_43700053298904960&gclid=CjwKCAjw7-P1BRA2EiwAXoPWA_h9lNRtHB-7-EolTH3c...
by Silk McCue
Thu May 14, 2020 3:44 pm
Forum: Investing - Theory, News & General
Topic: Should Vanguard offer a CMA/Service ?
Replies: 19
Views: 1528

Re: Should Vanguard offer a CMA/Service ?

They had a Vanguard Advantage account for years which was shut down in 2018 much to folks dismay an consternation. Take a look at this thread.

viewtopic.php?f=10&t=274303

Cheers
by Silk McCue
Thu May 14, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27165

Re: [Government stimulus payments]

We claimed my son as a dependent in 2018, but not 2019. As of the date the stimulus package was passed, he had not filed his 2019 return. He did so in April, after checks started going out, and already received his federal refund (by direct deposit). I assume they'll consider his 2019 return and he...
by Silk McCue
Thu May 14, 2020 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Home Refinancing advice?
Replies: 4
Views: 426

Re: Home Refinancing advice?

You are either going to have to pay a higher rate to avoid the closing costs or roll the costs in to the new mortgage thus increasing your debt. There is no free lunch. It would have been better if you had provided real numbers associated with your mortgage, the current rate, the rates and closing c...
by Silk McCue
Thu May 14, 2020 6:19 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27165

Re: [Government stimulus payments]

Quick question for the crowd. I thought the stimulus payment was just based on 2018 or 2019 income (2018 in my case since I haven't filed the 2019 return yet). But when I logged into the IRS "where's my check" system, it is asking me for not just the 2018 income (Form 1040 line 7) but also "Did you...
by Silk McCue
Wed May 13, 2020 7:24 pm
Forum: Personal Investments
Topic: Rebalancing
Replies: 5
Views: 339

Re: Rebalancing

International is down by more than the S&P. How can you rebalance into S&P? Is it more accurate to say you are wanting to further reduce your exposure to International holdings?

I feel your pain.

Cheers
by Silk McCue
Wed May 13, 2020 4:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 8570

Re: Vanguard Mutual Fund Platform EOL

Thanks for sharing. I’m glad they are finally putting a stake in the ground. Having to continue to support both platforms is too costly.

Some may not like it, but “oh well”.

Cheers
by Silk McCue
Tue May 12, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: IRS July 15 deadline impact on 2019 (not 2020) estimated taxes interest
Replies: 9
Views: 450

Re: IRS July 15 deadline impact on 2019 (not 2020) estimated taxes interest

New for 2020: I haven't done my 2019 taxes yet but let's say I find out after doing them that my income went up slightly and my tax burden went from 800K to 900K (just as examples). Given each year my with holding = taxes from year N-1, in April, I would have paid 100K + ~5% ~5K extra. Why haven't ...
by Silk McCue
Tue May 12, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductable ObamaCare + HSA
Replies: 29
Views: 1468

Re: High Deductable ObamaCare + HSA

The deduction has to be worth 12% Federal on the full amount since they will be qualifying for ACA, period. There is no decision to make as it only provides upside. As pointed out before, there is no income qualification for ACA. Anyone can buy a marketplace plan if they are a U.S. citizen (or lawf...
by Silk McCue
Tue May 12, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductable ObamaCare + HSA
Replies: 29
Views: 1468

Re: High Deductable ObamaCare + HSA

Being in in the minority and being a unicorn are two different standards. I suspect quite a few early retirees on this forum could be in the situation described. I say could be, because I don't think it makes sense to stay in this situation. If nothing else, the tax free growth is like added Roth s...
by Silk McCue
Tue May 12, 2020 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductable ObamaCare + HSA
Replies: 29
Views: 1468

Re: High Deductable ObamaCare + HSA

... In your numbers I am guessing you are not calculating the tax on dividends and capital gains correctly and so are seeing a tax benefit when there is none. I suggest you re-look at your tax modeling. You would be guessing wrong. We have a pension and I have a firm grasp on our income and taxes. ...
by Silk McCue
Tue May 12, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductable ObamaCare + HSA
Replies: 29
Views: 1468

Re: High Deductable ObamaCare + HSA

... So, if the above is correct, then the $9,100 adjustment to gross income that would be generated by an HSA contribution would be worth zero 2020 tax benefits. It's not going to generate a refund, it's just wasted--UNLESS the taxpayer saw some value in tax free growth of that amount and had no ot...
by Silk McCue
Tue May 12, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: IRS July 15 deadline impact on 2019 (not 2020) estimated taxes interest
Replies: 9
Views: 450

Re: IRS July 15 deadline impact on 2019 (not 2020) estimated taxes interest

If a penalty wouldn't have been due on 4/15 one will not be due on 7/15.

Cheers
by Silk McCue
Tue May 12, 2020 12:19 pm
Forum: Investing - Theory, News & General
Topic: proportional withdrawal -> no sequence-of-returns risk
Replies: 30
Views: 1344

Re: proportional withdrawal -> no sequence-of-returns risk

rbaldini wrote:
Tue May 12, 2020 12:15 pm
Silk McCue wrote:
Tue May 12, 2020 12:03 pm
Have you read this?

https://www.bogleheads.org/wiki/User:Le ... eturn_risk

Cheers
Just did. It doesn't address my point, though.
Sorry. From your post it wasn't clear to me that you had a clear grasp of the subject.

Cheers
by Silk McCue
Tue May 12, 2020 12:09 pm
Forum: Personal Investments
Topic: Vanguard or Fidelity Advising Services?
Replies: 16
Views: 857

Re: Vanguard or Fidelity Advising Services?

I expect this service below which others here have used, including me, will be all that you need. Likely to be the best $149 you've ever spent based upon what you have shared. They provide sane and sensible advice and won't try to sell you anything else because they have nothing else to sell. https:...
by Silk McCue
Tue May 12, 2020 11:52 am
Forum: Personal Investments
Topic: Newbie Question About Vanguard Investor vs. Admiral Shares
Replies: 3
Views: 323

Re: Newbie Question About Vanguard Investor vs. Admiral Shares

Welcome to Bogleheads! As long as you have the minimum amount required for the fund you want to purchase you can do so. Those details are provided on the Vanguard page for the respective funds. Before you start picking funds to invest in please take some time to get a free education using resources ...
by Silk McCue
Mon May 11, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductable ObamaCare + HSA
Replies: 29
Views: 1468

Re: High Deductable ObamaCare + HSA

First, I didn't know there was a minimum income level required to signup for ACA coverage or for the subsidy. Second, my point is the same--run the numbers and decide whether the HSA deduction is worth it. The OPs are not taking RMDs (otherwise they would be on Medicare). They have no employment in...
by Silk McCue
Mon May 11, 2020 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductable ObamaCare + HSA
Replies: 29
Views: 1468

Re: High Deductable ObamaCare + HSA

No income requirements for contributing to an HSA. Altho it is a bit of a shame to make the contribution with no immediate tax benefit. You will still get tax free growth if the money is ultimately used for medical expenses, but if you're planning on using the money for expenses in the near future,...
by Silk McCue
Mon May 11, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductable ObamaCare + HSA
Replies: 29
Views: 1468

Re: High Deductable ObamaCare + HSA

No income requirements for contributing to an HSA. Altho it is a bit of a shame to make the contribution with no immediate tax benefit. You will still get tax free growth if the money is ultimately used for medical expenses, but if you're planning on using the money for expenses in the near future,...
by Silk McCue
Mon May 11, 2020 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductable ObamaCare + HSA
Replies: 29
Views: 1468

Re: High Deductable ObamaCare + HSA

You do not. Easy Google search.
There are no income limitations to qualify for a health savings account. Individual retirement accounts (IRAs) require that a person must have earned income, but there's no such requirement for HSAs.
Cheers
by Silk McCue
Sun May 10, 2020 8:45 pm
Forum: Personal Consumer Issues
Topic: Hospice care - room and board
Replies: 33
Views: 2586

Re: Hospice care - room and board

So very sorry to hear this news. My prayers are with you and your family.
by Silk McCue
Sun May 10, 2020 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 322
Views: 29569

Re: Quicken 2019 and forward

Entering manual entries actually seems pretty brainless and tedious to me for the most part, and I'm glad to pay a couple of bucks a month to avoid it (and also get reliable, timely information). :wink: I'd rather use my time and intellect for analysis. I could see my perspective changing, I guess,...
by Silk McCue
Sun May 10, 2020 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 322
Views: 29569

Re: Quicken 2019 and forward

I download QFX files from my credit cards/brokerages and then suck those into Quicken (after post-processing to auto-categorize). No need for automatic download and this takes less than 2 hrs per month to do. I enter checking account transactions manually because those are few and far between (or o...
by Silk McCue
Sat May 09, 2020 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse rollover IRA to 401(k) this year. Can I still backdoor Roth for 2019?
Replies: 7
Views: 318

Re: Reverse rollover IRA to 401(k) this year. Can I still backdoor Roth for 2019?

Whatever you call it, do you agree that it's too late to make a Roth conversion and have it apply for 2019? "The calendar year in which the Backdoor Roth conversion is performed" would seem to be 2020. Of course a Roth Conversion performed in 2020 is taxable in 2020. I don’t believe that was ever i...
by Silk McCue
Sat May 09, 2020 6:36 pm
Forum: Investing - Theory, News & General
Topic: Why is lump sum investment option better than DCA?
Replies: 156
Views: 5706

Re: Why is lump sum investment option better than DCA?

Well...I started this thread so I wanted to say thanks to all those that contributed....alot of really good advice on here. I have decided to DCA a $43,000 inheritance every two weeks into my 403b and 457b accounts. I plan to start may 30th and finish 1 year from now.....at the end of the day nobod...
by Silk McCue
Sat May 09, 2020 10:35 am
Forum: Investing - Theory, News & General
Topic: Recurrent contributions have a lower compound interest rate than a one-off amount, why?
Replies: 4
Views: 356

Re: Recurrent contributions have a lower compound interest rate than a one-off amount, why?

Please clarify. Are you comparing the returns from investing 360,000€ 15 years ago to the returns of 2000€/monthly contribution for 15 years? If not, please clarify exactly what you are comparing.

Cheers
by Silk McCue
Sat May 09, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24317

Re: IRS Get My Payment up and running

Same thing happened for the information I entered successfully for my mom. The check arrived one day before it was to have been mailed. We entered our information and received ours via deposit a week later than hers. Any idea the explanation for it? Previous to today, each day it said it would DD t...
by Silk McCue
Sat May 09, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24317

Re: IRS Get My Payment up and running

Has the following happened to anyone and can you explain it? I entered my Direct Deposit info on May 5th. I got the "You have successfully submitted your bank account information. Your payment will be direct deposited into your bank account using the information you provided" success message with m...
by Silk McCue
Sat May 09, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24317

Re: IRS Get My Payment up and running

Has the following happened to anyone and can you explain it? I entered my Direct Deposit info on May 5th. I got the "You have successfully submitted your bank account information. Your payment will be direct deposited into your bank account using the information you provided" success message with m...
by Silk McCue
Fri May 08, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9731

Re: How Do Early Retirees Pay for Medical

I don't think that spending an additional $354 for CHM gold is worth it if you're going to also have a bronze ACA policy in force. If you're able to get a bronze ACA policy for $200-$400/month, I would probably lean in that direction over just having the CHM gold for the two of you. If there isn't ...