Search found 242 matches

by obafgkm
Wed Apr 18, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Suddenly I had a weird bill go to collections - what's my course of action?
Replies: 36
Views: 3165

Re: Suddenly I had a weird bill go to collections - what's my course of action?

NotWhoYouThink wrote:
Wed Apr 18, 2018 10:39 am
Weekends are a bad time to get bad news, aren't they?
My experience is that bad news of this type almost always shows up in the mail Friday after close of business. :oops:
by obafgkm
Sun Apr 08, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the resolution of two commas
Replies: 4
Views: 948

Re: Improving the resolution of two commas

I had a similar thought four months ago and posted it here.

I claim priority. :P
by obafgkm
Tue Apr 03, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Moving FROM Vanguard Admiral-Class TO Vanguard Investor-Class
Replies: 11
Views: 1395

Re: Moving FROM Vanguard Admiral-Class TO Vanguard Investor-Class

By using a TF you'll never be out of the market, which seems to be your major concern. Thanks for the thought. It's funny, until a few years ago being out of the markets for a few days didn't bother me. It is something I learned from Bogleheads :happy . In the past (1990s up to about six years ago)...
by obafgkm
Tue Apr 03, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Moving FROM Vanguard Admiral-Class TO Vanguard Investor-Class
Replies: 11
Views: 1395

Re: Moving FROM Vanguard Admiral-Class TO Vanguard Investor-Class

I don't quite understand why you cannot move Admiral shares to Fidelity and have Fidelity sell them for you. That would be the same as moving Investor shares to Fidelity and having Fidelity sell them for you. Molehill. Mountain. I agree with you, livesoft . I don't understand it either. HueyLD and ...
by obafgkm
Tue Apr 03, 2018 5:18 am
Forum: Investing - Help with Personal Investments
Topic: Moving FROM Vanguard Admiral-Class TO Vanguard Investor-Class
Replies: 11
Views: 1395

Re: Moving FROM Vanguard Admiral-Class TO Vanguard Investor-Class

I would liquidate those funds and buy Fidelity three fund equivalents which are fine and cheaper. I wasn't clear in my original post. I do plan to put the money in the Fidelity equivalents. I've edited the original post to reflect that. I'd rather stay in the market during the transfer time, so con...
by obafgkm
Mon Apr 02, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Moving FROM Vanguard Admiral-Class TO Vanguard Investor-Class
Replies: 11
Views: 1395

Moving FROM Vanguard Admiral-Class TO Vanguard Investor-Class

I want to move my Roth IRA money from Vanguard to Fidelity. They are in a standard three-fund portfolio of Admiral-class funds. I know that I cannot move Admiral funds from Vanguard to Fidelity. Edited to add: My ultimate goal is to put them in the equivalent Fidelity funds. My choices, as I underst...
by obafgkm
Sun Apr 01, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Hand and bath towels- keep them or toss
Replies: 14
Views: 1928

Re: Hand and bath towels- keep them or toss

I would not toss them, but either give them to charity (if they are truly new or close to it) or if they are well-used, keep them for rags.

Either way, make sure your spouse/partner is on board before you two do anything.
by obafgkm
Thu Mar 29, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Do I really have to pay estimated taxes this year?
Replies: 19
Views: 2309

Re: Do I really have to pay estimated taxes this year?

111 wrote:
Thu Mar 29, 2018 5:58 am
... the capital gains took me from a $250 refund to ~$2500 payment to the IRS ...
Actually, it is to the United States Treasury. There is a difference! :happy
by obafgkm
Fri Mar 16, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 46
Views: 4923

Re: This is not a typical medical collections issue- what to do?

mhadden1 wrote:
Fri Mar 16, 2018 1:51 pm
This is such a bind for everybody. Will these problems never be definitely resolved? :? :? :?
Yes, there is a way that we could resolve these problems, but we are not allowed to discuss it here. :annoyed
by obafgkm
Tue Mar 06, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 169
Views: 15335

Re: Torn between Vanguard, Fidelity and Schwab

They fail to mention that their MF has a minimum of $1,000, and that when Fidelity or Vanguard comparable MF's reach $10,000 invested, the ER's drop to .03% and .04% respectively. Kind of disingenuous in my opinion. I didn't see the commercial, but I'm surprised Schwab didn't mention its low requir...
by obafgkm
Sat Feb 24, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: How Do People Without Computer Access Prepare and File Their Taxes?
Replies: 53
Views: 3078

Re: How Do People Without Computer Access Prepare and File Their Taxes?

That said, my patience with tedious IRS forms is limited. I hate the convoluted way that some of the worksheets lead you around without disclosing the relatively simple underlying formula they are trying to get you to implement. (An amusing parody of this process: If the IRS had discovered the quad...
by obafgkm
Sat Feb 24, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: How Do People Without Computer Access Prepare and File Their Taxes?
Replies: 53
Views: 3078

Re: How Do People Without Computer Access Prepare and File Their Taxes?

flamesabers wrote:
Fri Feb 23, 2018 10:21 am
Do you have family members or friends who would let you use their computer/printer to do your taxes?
TravelGeek wrote:
Fri Feb 23, 2018 10:59 am
My library has both.
Your library has your family members and friends? :confused :P
by obafgkm
Wed Feb 21, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Deducting Scholarly Book Donation - Form 8283 Question
Replies: 1
Views: 107

Deducting Scholarly Book Donation - Form 8283 Question

My wife died a few years ago; she was a college professor (in the humanities) at the time of her death. In 2017 I finally cleaned out her home office (hundreds of scholarly books!) and donated them to her college’s library. I received a “Deed of Gift” for the books as well as a spreadsheet of the bo...
by obafgkm
Tue Feb 20, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: House rewiring - cost of copper
Replies: 29
Views: 2081

Re: House rewiring - cost of copper

killjoy2012 wrote:
Tue Feb 20, 2018 8:52 pm
While no, no one knows if CU will go up or down in price, CU did spike 5-6 years ago and almost doubled the cost of a 250' roll of 12/2 or 14/2 Romex - that's a fact.
"CU"? Is that "Consumer's Union"? In context, I doubt it.

Do you mean to type "Cu" for copper?
by obafgkm
Sat Feb 10, 2018 6:49 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2544
Views: 477482

Re: What's Your Credit Card Rewards Strategy?

MrNewEngland wrote:
Fri Feb 09, 2018 4:16 pm

I've never used Apple Pay before. Is it the same as the "wallet" on the iPhone? I don't use that either.
Apple Pay uses the "Wallet" on the iPhone.
by obafgkm
Fri Feb 09, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2544
Views: 477482

Re: What's Your Credit Card Rewards Strategy?

This Chase Freedom quarter is ridiculously easy to maximize. Mobile pay is accepted at most places, including supermarkets and quite a few stores and gas is an easy few hundred dollars this quarter. Just go to the supermarket, buy gift cards at the end of the quarter, use mobile pay. Done. I'd neve...
by obafgkm
Sun Feb 04, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: New ROTH IRA Strategies
Replies: 30
Views: 3664

Re: New Roth IRA Strategies

JBTX wrote:
Sat Feb 03, 2018 8:35 pm
Seriously? Now we are giving advice on proper capitalization of investment terms?
Of course. The whole purpose of this website (and the forums associated with it) is to help investors, including (in my humble opinion) the use of proper terms for clarity.
by obafgkm
Fri Feb 02, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: New ROTH IRA Strategies
Replies: 30
Views: 3664

Re: New Roth IRA Strategies

cam240 wrote:
Fri Feb 02, 2018 4:09 pm
My wife and I just opened two ROTH IRAs.
There is no such thing as a "ROTH IRA." It is simply a "Roth IRA", named after Senator William Roth.
by obafgkm
Thu Feb 01, 2018 8:11 pm
Forum: Forum Issues and Administration
Topic: Fewer acronyms please
Replies: 119
Views: 8173

Re: Fewer acronyms please

I remember with fondness the thread subject which had the abbreviation “IA”. It meant “Iowa”.

Of course it does. But really, two more keystrokes isn’t too much to ask... :annoyed
by obafgkm
Mon Jan 29, 2018 9:52 pm
Forum: Investing - Theory, News & General
Topic: 401k & the Stock Market
Replies: 12
Views: 1538

Re: 401k & the Stock Market

And I get paid on the 15th and last day of the month, unless it is a weekend or holiday, when I get paid the previous business day. My 403(b) money is invested the same day, so I go into the market any weekday, with a slight preference for Fridays, because of the weekend/holiday provision.
by obafgkm
Mon Jan 29, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: WHY do wireless routers need periodic reboots?
Replies: 117
Views: 8941

Re: WHY do wireless routers need periodic reboots?

I have had the same Apple AirPort Extreme wireless router for at least ten years, and I've had to reboot just once. No firmware updates? Well, okay, I should have written "... had to reboot because of a glitch just once." The AirPort Extreme still works when an update is needed. The update is very ...
by obafgkm
Mon Jan 29, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: WHY do wireless routers need periodic reboots?
Replies: 117
Views: 8941

Re: WHY do wireless routers need periodic reboots?

sambb wrote:
Sun Jan 28, 2018 9:01 pm
have never had to reboot my apple system ever
I have had the same Apple AirPort Extreme wireless router for at least ten years, and I've had to reboot just once.
by obafgkm
Sat Jan 27, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: 401k or 403b for part-time spouse
Replies: 6
Views: 333

Re: 401k or 403b for part-time spouse

Whew! I'm glad "part-time spouse" didn't mean what I thought it meant! :P
by obafgkm
Mon Jan 22, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to pay down mortgage, but...
Replies: 32
Views: 2990

Re: Trying to pay down mortgage, but...

I'm surprised that the original poster's (OP) mortgage company doesn't offer an option D -- write a check directly to the company. In the mortgages I've had over the years, writing a check to the mortgage company myself was always an option, and allowed me to pay extra toward the principal if I want...
by obafgkm
Mon Jan 22, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Utah Educational Savings Plan changing its name to my529
Replies: 1
Views: 215

Utah Educational Savings Plan changing its name to my529

I just received this email from the Utah Educational Savings Plan (UESP): On February 5, 2018, the Utah Educational Savings Plan (UESP) will become my529. We are the same company—we’re just changing our name. Your account balance and investments remain completely unchanged, and no action is required...
by obafgkm
Sat Jan 20, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Roth favored over traditional in PA?
Replies: 10
Views: 476

Re: Roth favored over traditional in PA?

Unless I'm missing something in this thread, it appears everybody is assuming that Pennsylvania has income tax on IRAs.

There is no Pennsylvania state income tax on IRA or 403(b) or 401(k) distributions.
by obafgkm
Thu Jan 18, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: 529, taxes and school tax
Replies: 5
Views: 389

Re: 529, taxes and school tax

No .
by obafgkm
Tue Jan 16, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to max out 401k
Replies: 19
Views: 1747

Re: How to max out 401k

I guess I’m lucky that my employer doesn’t go by percentage but a fixed dollar amount. I get paid twice a month. I can change my contribution amount through the employee portal online whenever I want. I will contribute $1050/pay period through May, and $1000/pay period through the end of the year. T...
by obafgkm
Sun Jan 14, 2018 9:06 pm
Forum: Investing - Theory, News & General
Topic: Help with 529: Save for College vs Pay for Private School
Replies: 14
Views: 989

Re: Help with 529: Save for College vs Pay for Private School

As others have said probably a good idea to take a wait and see on this before making any specific plans or actions. Not clear what all the states will do. One article I read (WSJ maybe?) had a few 529 administrators worried about the change tilting 529s so much to the "rich" that there could very ...
by obafgkm
Sat Jan 13, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Preservation after an 8 year bull market
Replies: 17
Views: 2109

Re: Capital Preservation after an 8 year bull market

David Jay wrote:
Sat Jan 13, 2018 11:37 am
Step 1 - put your $200,000 in short term bonds MONDAY.
Do it on Tuesday. Monday's a holiday - Martin Luther King, Jr. Day.
by obafgkm
Sat Jan 13, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2544
Views: 477482

Re: What's Your Credit Card Rewards Strategy?

ChosenGSR wrote:
Sat Jan 13, 2018 10:28 am
It's not just any mobile pay, specifically it's Android Pay. I wouldn't say it's accepted at most places either.
Actually, it isn’t specifically Android Pay, but others, including Apple Pay through the end of March 2018:

https://creditcards.chase.com/freedommobile
by obafgkm
Fri Jan 12, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Reasoning behind Backdoor Roth IRA
Replies: 11
Views: 853

Re: Reasoning behind Backdoor Roth IRA

FiveK wrote:
Fri Jan 12, 2018 5:17 pm
In short, politics and the wonders of the legislative process. See Roth IRA - Wikipedia for more.
Could you give it to us in long? The Wikipedia article does not seem (to me) to tell why it is allowed.
by obafgkm
Fri Jan 12, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: When does IRA contribution limit increase?
Replies: 5
Views: 602

Re: When does IRA contribution limit increase?

Here it is in black and white from the Internal Revenue Service: Retirement Topics - Catch-Up Contributions Individuals who are age 50 or over at the end of the calendar year can make annual catch-up contributions. IRA Catch-Up Amounts You can make catch-up contributions to your traditional or Roth ...
by obafgkm
Thu Jan 11, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: A half year at full pay or a full year at half pay?
Replies: 49
Views: 4867

Re: A half year at full pay or a full year at half pay?

I'm a professor; I've just started a sabbatical for the spring ( not "time off", but working on a research project and finishing co-authoring a book). I decided to do the half-year, full-pay option because I am a single (widowed) parent and I figured I couldn't afford going to half-pay for a full ye...
by obafgkm
Wed Jan 10, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 55
Views: 5667

Re: Letter from Social Security re Fraudulent Claim

Or maybe the OP has a Hispanic or Middle Eastern name and someone in the office is just hassling people by sending out these letters. The person sending the letters does not have to be the person mentioned in the letter to ask for in the office. I'll bite. What does the original poster's (OP) ethni...
by obafgkm
Wed Jan 10, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: STCG distributions in Fidelity Total Stock Market fund!?
Replies: 10
Views: 607

Re: STCG distributions in Fidelity Total Stock Market fund!?

I figured we would put it into a US total stock market mutual fund and I could do this with no commissions if I used Fidelity's mutual fund FSTVX ("Fidelity Total Market Index"). It tracks the Willshire 5000. According to its prospectus, actually, FSTVX (Fidelity® Total Market Index Fund - Premium ...
by obafgkm
Wed Jan 10, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Beginner: How Many Of You Take The Retirement Savings Credit?
Replies: 8
Views: 955

Re: Beginner: How Many Of You Take The Retirement Savings Credit?

I can't help you on your question, but will point out that "Roth" refers to Senator William Roth, who sponsored the legislation setting up the Roth IRA. "Roth" is not an acronym, so it shouldn't be in all caps.
by obafgkm
Sun Jan 07, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with RMD money
Replies: 18
Views: 1714

Re: What to do with RMD money

nick2302 wrote:
Sun Jan 07, 2018 9:25 am
I know my sister would never ask this question in such a public forum and she gets intimidated very easily when it comes to financials issues. This is the reason I am asking for advice so I can help her.
How encouraging was she when you told her you were going to ask for her on Bogleheads?
by obafgkm
Fri Jan 05, 2018 7:21 am
Forum: Investing - Theory, News & General
Topic: Hypothetical question: Will a man who lives forever own the world?
Replies: 23
Views: 1706

Re: Hypothetical question: Will a man who lives forever own the world?

A similar question was addressed in the short story " John Jones's Dollar ", by Harry Stephen Keeler. It is about a man who deposits one dollar in a bank in 1921, with orders for his 40th generation descendant to collect the proceeds of the interest (and principal). By the 39th generation, his child...
by obafgkm
Tue Jan 02, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2018 BOGLEHEAD CONTEST
Replies: 144
Views: 9228

Re: REGISTRATION FOR 2018 BOGLEHEAD CONTEST

2872.43 (posted at link, as well).
by obafgkm
Mon Jan 01, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Did you get an Unexpected Year End Bonus because of the Tax Cut?
Replies: 44
Views: 3419

Re: Did you get an Unexpected Year End Bonus because of the Tax Cut?

As an employee of a non-profit (a college), I am amazed by many (but not all) posters assuming a bonus is guaranteed (either the existence of one or an amount). As I see it, if it is guaranteed, it would be salary. Or maybe I don't understand the meaning of bonus in the corporate world?
by obafgkm
Fri Dec 29, 2017 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Taxpayer Classification Change; Overall Tax Rate Going Up in 2018
Replies: 4
Views: 835

Re: Taxpayer Classification Change; Overall Tax Rate Going Up in 2018

bdpb wrote:
Sun Dec 24, 2017 11:32 am
How much above the 22% threshold are you?

That's how much should go into the Traditional IRA to save 22% tax. Remainder should go to Roth taxed at 12%.
Thanks -- I didn't realize the thinking would be as simple as that.
by obafgkm
Thu Dec 28, 2017 7:23 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2018?
Replies: 132
Views: 8627

Re: What non fiction book will you be reading in 2018?

He Calls Me By Lightning: The Life of Caliph Washington and the forgotten Saga of Jim Crow, Southern Justice, and the Death Penalty By S. Jonathan Bass.

It is about a teenager who was unjustly arrested for murder and convicted. Spoiler alert: he didn't do it.
by obafgkm
Thu Dec 28, 2017 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Increasing 2017 charitable donations d/t 2018 tax bill?
Replies: 24
Views: 1509

Re: Increasing 2017 charitable donations d/t 2018 tax bill?

I'm still trying to figure out what "d/t" means in the subject. :confused
by obafgkm
Tue Dec 26, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 54169

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

I understand you can make a 2017 contribution to your tIRA up until 3/17/2018. I don't see the requirement that the tIRA account cannot be set up in early 2018 for the 2017 contribution. Can someone confirm that this is the case? You have until April 17, 2018 to make a 2017 contribution to an IRA. ...
by obafgkm
Tue Dec 26, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: New 2018 529 Question
Replies: 8
Views: 971

Re: New 2018 529 Question

I won't argue the old vs new "purpose" of the 529. That is not point and probably against the forum's policy. However, there is a benefit for pulling out the money immediately if you live in a state that allows you to deduct the 529 from income tax. Here in Pennsylvania, that is an immediate 3.07% ...
by obafgkm
Mon Dec 25, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: trivial dilemna - break CD or defer Roth IRA investment
Replies: 5
Views: 405

Re: trivial dilemna - break CD or defer Roth IRA investment

...(I) also do not have enough in savings to contribute to my Roth IRA for 2018. It will likely be 6 mo before I can contribute to Roth IRA. Should I break the CDs (with a small penalty of $25) and Ibond in order to be able to contribute right away to Roth IRA (100% stocks)? You do know you have un...
by obafgkm
Sun Dec 24, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Taxpayer Classification Change; Overall Tax Rate Going Up in 2018
Replies: 4
Views: 835

Taxpayer Classification Change; Overall Tax Rate Going Up in 2018

I had a similar post in the Omnibus Tax thread, but it got lost in the shuffle: For tax year 2017, I will be in my second (and last) year of filing as "Qualifying Widow(er)", where my marginal tax rate is 15%. Beginning in tax year 2018, I will start filing as "Head of Household", with a marginal ta...
by obafgkm
Fri Dec 22, 2017 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 22382

Re: Do you see a meaningful change in your income with new Tax Bill?

My taxes are going up : in 2017 I'm a Qualifying Widow(er) (15% is my marginal income tax rate). In 2018 I will be Head of Household, and I anticipate my marginal income tax rate to be 22%. My salary will not have substantially changed. I acknowledge that my taxes would have gone up anyhow, and they...