Search found 858 matches

by Silk McCue
Thu Jun 21, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: [100% stock, uncomfortable with international]
Replies: 34
Views: 2305

Re: [100% stock, uncomfortable with international]

I would recommend that you develop an Investment Policy Statement in writing so that current events in the years to come (or next week) do not cause you to stray from a well thought out plan. Emotion is the enemy of a well thought out plan. I think you may be shying away from international at this t...
by Silk McCue
Mon Jun 11, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: New or used Genesis reviews
Replies: 14
Views: 1767

Re: New or used Genesis reviews

I bought a used 2011 Genesis in May of 2015. Not sure of the model, but it was the 3.8 liter, 4 door, rear wheel drive. The original window sticker was in the glove box, and the sticker price was $44k. I paid $19k for a three and a half year old car with 42000 miles. I'm at 89000 miles right now, t...
by Silk McCue
Wed Jun 06, 2018 9:13 am
Forum: Personal Consumer Issues
Topic: Mobile Fax
Replies: 8
Views: 627

Re: Mobile Fax

In the past I used myfax.com for business and personal. Very easy to use service that will run $10 per month to send 100 pages and receive 200 pages (I never came close to that amount). Very easy to use on the road. 30 day free trial or pay for a full year up front and get 14 months (a net extra mon...
by Silk McCue
Thu May 24, 2018 9:37 pm
Forum: Investing - Theory, News & General
Topic: Is this a mistake or typo or something else by Fidelity?
Replies: 6
Views: 1332

Re: Is this a mistake or typo or something else by Fidelity?

They blew it but they did get it right the first two times in the article. Drop them a line, I bet they will fix it.

I helped Laura Saunders make a correction in a Wall Street Journal article about the new tax law in December. She was appreciative.

Cheers
by Silk McCue
Thu May 24, 2018 9:22 pm
Forum: Personal Consumer Issues
Topic: Great deal on Calphalon copper cookware at Costco
Replies: 1
Views: 823

Re: Great deal on Calphalon copper cookware at Costco

Your post caught my interest but unfortunately it doesn’t show up at Costco.com. I will have to go into a store and see if it is there. Thanks.

Cheers
by Silk McCue
Thu May 24, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5466

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

Kevin M wrote:
Thu May 24, 2018 7:42 pm
Happy to see that Achieva has already closed out my two CDs at 2.71% APY and opened the one at 4.2% APY. That was fast and easy.

Kevin
That is excellent. Congratulations!

Cheers
by Silk McCue
Wed May 23, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do I tell if Roth conversions are worth the trouble?
Replies: 76
Views: 6089

Re: How do I tell if Roth conversions are worth the trouble?

Speaking of estimated taxes: I guess I'll need to look into how to avoid a penalty. I'll bump up my estimated payments to cover, but I seem to remember there was a penalty if I didn't adequately pay across all four quarters. This will be quite a bit of taxes, and my first quarter payment was based ...
by Silk McCue
Wed May 23, 2018 8:15 pm
Forum: Investing - Theory, News & General
Topic: Morningstar's new posting rules
Replies: 16
Views: 1224

Re: Morningstar's new posting rumors nvm

We have to login to post here and that doesn’t seem to be a problem. I still see some spam from time to time but at least they are slowed down by having to setup a login. I don’t think it would be good if just anyone could post without being accountable at some level.

Cheers
by Silk McCue
Wed May 23, 2018 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Funding Roth IRA with with lump sum or DCA?
Replies: 5
Views: 406

Re: Funding Roth IRA with with lump sum or DCA?

I have a money market account I have been using to save for a house, however my housing plans have changed. Also in this account I have over sox months emergency fund which I am not going to touch. So I have excess money that I would like to use to max it my Roth. Should I go ahead and do this all ...
by Silk McCue
Wed May 23, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Insurance Evaluation
Replies: 5
Views: 533

Re: LTC Insurance Evaluation

This sounds like an outstanding policy to me at an excellent price. Even if at some point they raise rates it will likely still be excellent policy. If you should need care you will be very glad you kept this. Even with a future rate increase if it isn’t a strain on your budget keep it. My wife and ...
by Silk McCue
Wed May 23, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: How do I tell if Roth conversions are worth the trouble?
Replies: 76
Views: 6089

Re: How do I tell if Roth conversions are worth the trouble?

Speaking of estimated taxes: I guess I'll need to look into how to avoid a penalty. I'll bump up my estimated payments to cover, but I seem to remember there was a penalty if I didn't adequately pay across all four quarters. This will be quite a bit of taxes, and my first quarter payment was based ...
by Silk McCue
Wed May 23, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5466

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

That is an incredible rate for a 5-year CD. By comparison, a 5-year new-issued brokered CD at Fidelity earns 3.25%, and 5-year Treasury yield is about 2.8%, so 4.2% is a huge yield premium. Comparing to a 3-year new-issue brokered CD at 3.00%, you earn 120 basis points more, which is 60 basis point...
by Silk McCue
Wed May 23, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: CD Ladder in IRA
Replies: 3
Views: 504

Re: CD Ladder in IRA

Any increase in value within a tax deferred account via interest, dividends or increased equity value is unrelated to annual contributions. It is simply growth.

Once you are within the tax deferred account all gains remain untaxed until withdrawn and have no impact on future contributions.

Cheers
by Silk McCue
Wed May 23, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: End of Car Lease Grace Period
Replies: 1
Views: 451

Re: End of Car Lease Grace Period

I have no direct knowledge but others may yet come along. I would call Lexus Financial again asking this same question. If you get the same answer I would ask them where in your lease paperwork you can find this or ask them to point you to an authoritative source online or send you an email confirmi...
by Silk McCue
Wed May 23, 2018 9:49 am
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5466

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

Lower bid ask spreads only matter if you sell before maturity. Comparable or higher TEY in taxable is my bigger reason. At any rate, staying short term is consistent with your outlook. Not wanting to hijack but I see you are active on this thread and you see seem to be the go to person on this topi...
by Silk McCue
Tue May 22, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 401 k fund without dividend
Replies: 4
Views: 382

Re: Vanguard 401 k fund without dividend

Welcome to Bogleheads.

This topic is covered in the link below. I found it by using the search box at the top right of the page. I hope this helps.

viewtopic.php?t=145160#p2160918

Cheers
by Silk McCue
Tue May 22, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: iORP: plan for future of the software (?)
Replies: 3
Views: 410

Re: iORP: plan for future of the software (?)

This is the 1987th individual post to reference "ORP" iORP since Oct 2011. Not massive but respectable. I too believe that there are many here that use it but that there is only so much that needs to be posted about it these days except to recommend to others and discuss the occasional changes. It w...
by Silk McCue
Tue May 22, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 500
Views: 30342

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Once again, we are talking about multi-generational chickens which are not yet born but we have started counting theirs eggs today! OP is 32 years old today. All this discussion is completely insane. It may or may not be insane but you have posted 48 times on this thread. I am up to 10 with this on...
by Silk McCue
Tue May 22, 2018 6:52 am
Forum: Personal Finance (Not Investing)
Topic: How do I tell if Roth conversions are worth the trouble?
Replies: 76
Views: 6089

Re: How do I tell if Roth conversions are worth the trouble?

Horsefly, the online tool ORP provides a methodology to analyze this question. Please see https://www.i-orp.com/InfezMsg/extended.html Funny, I was just trying to use iORP again today. When I put in my numbers and selected the 24% tax bracket, it errored out. The error was "model x will not solve, ...
by Silk McCue
Mon May 21, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 77
Views: 12330

Re: Chase Savings Account emptied out!

I don't understand why banks don't send you an email that says "Please log in to confirm/deny new electronic transfer" when an ACH request comes in from a new source. Because the financial world would come to a stop. Literally tens if not hundreds of millions of transactions every day. Cheers Actua...
by Silk McCue
Mon May 21, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 77
Views: 12330

Re: Chase Savings Account emptied out!

arf30 wrote:
Mon May 21, 2018 3:39 pm
I don't understand why banks don't send you an email that says "Please log in to confirm/deny new electronic transfer" when an ACH request comes in from a new source.
Because the financial world would come to a stop. Literally tens if not hundreds of millions of transactions every day.

Cheers
by Silk McCue
Mon May 21, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: Typical interest rate earned by target date funds in retirement?
Replies: 28
Views: 2039

Re: Typical interest rate earned by target date funds in retirement?

Thanks Silk. Very helpful. It says 5.32% from the beginning. I guess that is typical of Target Dates? No. I wouldn't say that it is typical of Target Dates. It is precisely what this fund has done and represents the 30/70 allocation THE ENTIRE TIME. It is the most conservative fund and over time wo...
by Silk McCue
Mon May 21, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: Typical interest rate earned by target date funds in retirement?
Replies: 28
Views: 2039

Re: Typical interest rate earned by target date funds in retirement?

Thanks Silk. Very helpful. It says 5.32% from the beginning. I guess that is typical of Target Dates? No. I wouldn't say that it is typical of Target Dates. It is precisely what this fund has done and represents the 30/70 allocation THE ENTIRE TIME. It is the most conservative fund and over time wo...
by Silk McCue
Mon May 21, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: Typical interest rate earned by target date funds in retirement?
Replies: 28
Views: 2039

Re: Typical interest rate earned by target date funds in retirement?

For Vanguard Target Date funds all eventually glide path to a 30% stock 70% bond allocation 7 years after their Target date. Thus TD 2015 will have that allocation in 2022. The link below provides details on the Target Retirement Income fund including multi year period average returns that matches t...
by Silk McCue
Mon May 21, 2018 12:49 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 500
Views: 30342

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

If you'll be in the same tax bracket during retirement as when you were working, Roth conversions are unlikely to result in tax savings. This will not hold true if any of your Social Security income gets taxed and you could have avoided that by using Roth dollars rather than tax deferred dollars. A...
by Silk McCue
Mon May 21, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 500
Views: 30342

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

If you'll be in the same tax bracket during retirement as when you were working, Roth conversions are unlikely to result in tax savings. This will not hold true if any of your Social Security income gets taxed and you could have avoided that by using Roth dollars rather than tax deferred dollars. A...
by Silk McCue
Mon May 21, 2018 7:42 am
Forum: Personal Consumer Issues
Topic: Update: New iPhone - Older iPhone text msgs disappear
Replies: 29
Views: 1793

Re: Older iPhone text msgs disappear

Apple cannot get this to work, either, and the Genius Bar (who have rescued DH's laptops from a variety of seemingly serious problems) says they've never seen this before not being able to work right. Apple hardware, Apple software - Local Genius bar not being able to resolve this "never seen befor...
by Silk McCue
Mon May 21, 2018 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Same funds within IRA and Taxable
Replies: 26
Views: 1813

Re: Same funds within IRA and Taxable

I think I’ll go ahead and change my Roth to 80%-Vanguard SP500 (VFIAX) and 20%-Vanguard Extended Market Index Fund (VEXMX). Just to avoid any potential wash sales in the future. You should do as you please but doing this is called "Letting the tail wag the dog". If sometime in the future you want t...
by Silk McCue
Sun May 20, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Re: done with Gmail
Replies: 114
Views: 12224

Re: done with Gmail

ThriftyPhD wrote:
Sun May 20, 2018 8:47 pm
What does 'recover' or 'clear' mean. Hard to recommend alternatives without knowing what specifically with Gmail doesn't work for you.
+1

Please explain what you mean. I have used Gmail for years without issue.

Cheers
by Silk McCue
Sun May 20, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: Roll your own index fund current viability
Replies: 22
Views: 1546

Re: Roll your own index fund current viability

Welcome to the forum. The greatest pitfall is gaining little to negative advantage by designing an unnecessarily complex investing approach. Bogleheads are focused on low expense broadly diverse investing primarily using index funds. If you haven’t already done so click on Start Here on the main pag...
by Silk McCue
Sun May 20, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: CDs in Vanguard IRA
Replies: 2
Views: 448

Re: CDs in Vanguard IRA

If you are rolling over your 401k to an IRA you can buy brokered CDs within the IRA.

Cheers
by Silk McCue
Sat May 19, 2018 9:12 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 500
Views: 30342

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

So far every hypothetical example of a Roth being better has mentioned pensions. Do people still have pensions? I feel like this is an increasingly irrelevant thing that is muddying up discussions. Yes. There are many people that still have pensions but certainly fewer than in the past. Very large ...
by Silk McCue
Sat May 19, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 500
Views: 30342

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

ruralavalon wrote:
Sat May 19, 2018 8:50 pm
However there are Required Minimum Distributions for Roth 401ks.
Of course no taxes will be due on those RMDs.

Or, it could be rolled into a Roth IRA and no RMDs would be required.

Cheers
by Silk McCue
Sat May 19, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: Discontinuity and marginal vs effective rates
Replies: 39
Views: 1879

Re: Discontinuity and marginal vs effective rates

Don't confuse by adding COLA etc to the mix. Let us stay with today's numbers rather than trying to project further and show how 40%+ marginal tax rate is suffered by today Mr&Mrs RetiredCouple on their 2018 taxes. By jumping the numbers by $10K, I am just not seeing it at all. And if you talking a...
by Silk McCue
Sat May 19, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: Discontinuity and marginal vs effective rates
Replies: 39
Views: 1879

Re: Discontinuity and marginal vs effective rates

In the real situation of the SS tax hump, take this example: - Annual expenses correspond to income that puts one at the end of the hump. - The width of the hump is $7500, and starts at $X. One might choose to stagger tIRA withdrawals this way: Odd years: Withdraw enough so income is $X + $15000 Ev...
by Silk McCue
Sat May 19, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Discontinuity and marginal vs effective rates
Replies: 39
Views: 1879

Re: Discontinuity and marginal vs effective rates

Please tell me the numbers that I need to run to exhibit the 40% marginal rate. With our COLA'd pension and 72k combined SS (many years away) we are projected to easily walk into the 40.7 Hump if we do nothing. Can you give me the pension number? I will add that to my spreadsheet to see if I see th...
by Silk McCue
Sat May 19, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Discontinuity and marginal vs effective rates
Replies: 39
Views: 1879

Re: Discontinuity and marginal vs effective rates

For SS hump some literature claims that marginal tax can be as high as 46.25% I fired up the 1040 tax spreadsheet from BH toolbox (Thanks!!) I ran numbers for MFJ and kept ss payment at $45K and moved taxable IRA (aka converting to Roth) from $1K to $100K I never ran in to the so called 46% margina...
by Silk McCue
Sat May 19, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Faulty mortgage math
Replies: 2
Views: 453

Re: Faulty mortgage math

I know I must be screwing something up here and I am hoping someone can point it out to me. I am looking to refinance a mortgage, balance 1,570,000. I am planning on spending 10,500/month on mortgage payments. Option 1: 3.75% 10 year ARM financing 1,258,600 of total (monthly payment 5,829) 5.49% 15...
by Silk McCue
Sat May 19, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Entry-level employment affected by having no credit score?
Replies: 2
Views: 378

Re: Entry-level employment affected by having no credit score?

Bad credit can absolutely hurt in certain circumstances. No credit should not be a problem. Best to analyze all other factors.

Cheers
by Silk McCue
Sat May 19, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: Discontinuity and marginal vs effective rates
Replies: 39
Views: 1879

Re: Discontinuity and marginal vs effective rates

The aim of this topic is to get KF and FiveK in to discussion about difference between local maxima and global maxima and how it artificially skews the marginal vs effective tax rate calculation. Personally, being able to guess if one would in that hump a decade from now just seems rather stupid gi...
by Silk McCue
Sat May 19, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: Discontinuity and marginal vs effective rates
Replies: 39
Views: 1879

Re: Discontinuity and marginal vs effective rates

My favorite case is the so called social security hump case. I believe it could be shown that the higher marginal rate in that particular case is because of the temporary nature of having the discount in the first place. Calling having only 85% of your Social Security income taxed as opposed to 100...
by Silk McCue
Sat May 19, 2018 8:42 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 14116

Re: The Millionaire Next Door and civil servants

"It seems Thomas Stanley does not think of federal employees as doing well financially." The book wasn't about how to get a job with a pension and live happily ever after. I expect the definition of a Millionaire in these books was not based upon the future value of a pension payout when it was writ...
by Silk McCue
Sat May 19, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: Hardwood around the perimeter but plywood under the rug
Replies: 12
Views: 1280

Re: Hardwood around the perimeter but plywood under the rug

The plywood isn't original (because it wasn't available when the house was built), so somewhere along the line someone wanted carpet (with a wood border) and decided this was the cheapest way to get what they wanted, so no red flags. You won't get the fairy tale story of "we just ripped up the carp...
by Silk McCue
Sat May 19, 2018 7:34 am
Forum: Personal Consumer Issues
Topic: Hardwood around the perimeter but plywood under the rug
Replies: 12
Views: 1280

Re: Hardwood around the perimeter but plywood under the rug

Thank you. What did you search? I tried a lot of different queries and had no luck. I searched “hardwood perimeter with plywood in centrer” a slight modification of your post title. I got lucky. By fat fingering center as centrer Google changed that to centre which actually provided the hit. The pr...
by Silk McCue
Sat May 19, 2018 6:08 am
Forum: Personal Consumer Issues
Topic: Hardwood around the perimeter but plywood under the rug
Replies: 12
Views: 1280

Re: Hardwood around the perimeter but plywood under the rug

I searched and found the link bellow to a question about a very similar situation. This is one of the answers provided. It's probably pine or fir in the middle of those nice skinny tongue and groove flooring. That was common when carpeting was popular for the center of the room, because no thrifty b...
by Silk McCue
Fri May 18, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion
Replies: 5
Views: 785

Re: Roth Conversion

Thanks for the great response Duckie. Silk, not sure I'm getting what you're getting at. Could you elaborate a little bit? My 401k is just about maxed for the year, hers still has some room. If you can increase your tax deferred contribution to the 401k this year by the amount of the gain in the no...
by Silk McCue
Fri May 18, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Finding Rates for Inflation Indexed Annuities
Replies: 3
Views: 346

Re: Finding Rates for Inflation Indexed Annuities

A few more details will be helpful. Is there an annual COLA for the quoted payout? If so, what is it? How old are each of you now? If you aren't already 62 will the 30k be adjusted up until you reach that age. Is the 30k per year level through death of the 2nd to die or is it reduced to some other a...
by Silk McCue
Fri May 18, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 500
Views: 30342

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

It is thus incorrect to assume future traditional contributions can use those lower brackets. Are you sure you really mean that? I believe the poster was talking about future distributions. Why would anybody be talking about future using lower brackets? Wrongfunds. I notice that all/most of your qu...
by Silk McCue
Fri May 18, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 500
Views: 30342

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

I haven't had a chance to read the entire thread yet, but I would think the really wise folks are going Roth because it provides for the most room for tax sheltered money. Specifically, there is no doubt at all that 18,500 in a Roth is worth more than 18,500 in a traditional. I think that "really w...
by Silk McCue
Fri May 18, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Partial Roth conversions--okay to withdraw them?
Replies: 4
Views: 475

Re: Partial Roth conversions--okay to withdraw them?

From another post I find that you have a pension that provides some level of support in addition to your taxable account between now and 70. Having converted to Roth I would not be inclined as a first choice to pull from the Roth account while continuing to do conversions as that seems counter prod...