Exactly my thoughts. If you have $100k in savings, a 1% increase in rate is only $1,000 a year. I'm not going through the hassle for an extra couple hundred dollars a year.DoubleComma wrote: ↑Thu May 18, 2023 5:16 pm How much cash is everyone holding on to that its worth the hassle to open new accounts and transfer funds every time the rates moves somewhere by 10bps?
I might hold on to $25-$50k, 10bps is $25-$50 a year. Not going through the hassle of moving accounts and taking on another 1099 for $25 a year. Heck probably wouldn't even do it for $500...maybe at a $1000.
Search found 149 matches
- Thu May 18, 2023 5:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Ally Online Savings/Money Market Rate Increases
- Replies: 745
- Views: 125110
Re: Ally Online Savings/Money Market Rate Increases
- Thu Apr 20, 2023 1:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Best HYSA
- Replies: 34
- Views: 6075
Re: Best HYSA
After attempting to open a Vio account 5 times, each time getting a failure message, I have given up. It must be the most difficult account to open in online banking history. Their security questions are insane. "What is the closest street to [YOUR ADDRESS]?". 5 street names I have never heard of in my life, and required me to do a Google Map search around my address to try to see if any matched. Then googling each street name to see multiple examples of same street names in neighboring states, or counties I do not even live in. Their loss. The extra $500 per year that I would gain over my current HYSA is not worth it to deal with the headache of Vio's account set up procedures.
- Tue Mar 28, 2023 10:21 am
- Forum: Personal Finance (Not Investing)
- Topic: TurboTax Backdoor Roth IRA Issue
- Replies: 24
- Views: 2114
- Thu Mar 09, 2023 8:41 am
- Forum: Personal Investments
- Topic: Taxable Account Withdrawals in Retirement (Monthly with SpecID)
- Replies: 4
- Views: 584
Re: Taxable Account Withdrawals in Retirement (Monthly with SpecID)
Thank you all for the helpful responses, appreciated.
- Thu Mar 09, 2023 8:05 am
- Forum: Personal Investments
- Topic: Taxable Account Withdrawals in Retirement (Monthly with SpecID)
- Replies: 4
- Views: 584
Taxable Account Withdrawals in Retirement (Monthly with SpecID)
Does it make sense to withdraw funds from taxable account on a monthly basis if you have the cost basis set to specific ID (SpecID)? It seems it would be easier to manage if you withdraw once per year (at the beginning of the year), select the tax lots you want to sell, then sell it once and transfer the funds to a HYSA for your spending needs for the upcoming year. If you do monthly withdrawals, you would need to select the tax lots each month. Also, I would think it wouldn't be possible to have Vanguard do auto-withdrawals each month if you have your cost basis set to SpecID, is that correct? Wouldn't you have to tell them what tax lots to sell each month?
- Wed Mar 01, 2023 12:41 pm
- Forum: Personal Finance (Not Investing)
- Topic: Did you take Social Security before 70 and not regret the decision?
- Replies: 160
- Views: 12363
Re: Did you take Social Security before 70 and not regret the decision?
Yep. That's my plan.MrNister wrote: ↑Wed Mar 01, 2023 10:17 am Most/all of the comments so far are from folks that are married. I read something several months ago that if you are single, it is probably more prudent to take social security @ 62 rather than waiting. All situations are different but just food for thought.
- Mon Feb 13, 2023 10:57 am
- Forum: Personal Investments
- Topic: What % of your gross income do you set aside for retirement?
- Replies: 224
- Views: 22112
Re: What % of your gross income do you set aside for retirement?
44% of Gross IncomeImpulsebuyking wrote: ↑Sun Feb 12, 2023 5:26 pm Hi all, a popular amount you always see is 15% of gross income saved for retirement. How much do you guys put away for retirement?
53% of Gross Income (including Company Match)
- Sun Feb 12, 2023 1:19 pm
- Forum: Personal Consumer Issues
- Topic: Made-In cookware
- Replies: 38
- Views: 4259
Re: Made-In cookware
I figure if their advertising is accurate, then they should be very good pans. I mean, if a 3 Michelin star restaurant (Aleinea) uses them, then that is all the proof I would need.Johny Fever wrote: ↑Sun Feb 12, 2023 10:12 am Wondering is anyone has had much experience with this brand? We are about to equip a new kitchen and would be willing to spend what it takes..Stainless only as we want to have everything dishwasher safe. Thanks in advance.
- Fri Dec 02, 2022 8:11 pm
- Forum: Personal Investments
- Topic: Vanguard fund minimums
- Replies: 11
- Views: 1546
Re: Vanguard fund minimums
Don't believe that will be a problem.
- Tue Feb 08, 2022 2:27 pm
- Forum: Personal Investments
- Topic: Deductibility of traditional IRA contributions - did I just double tax myself?
- Replies: 7
- Views: 742
- Wed Dec 29, 2021 1:47 pm
- Forum: Personal Investments
- Topic: Can I sell and rebuy same fund on same day?
- Replies: 29
- Views: 2597
Re: Can I sell and rebuy same fund on same day?
Isn't that a wash sale? No bueno.
- Mon Apr 19, 2021 12:22 pm
- Forum: Personal Finance (Not Investing)
- Topic: Refinance Mega Thread
- Replies: 12862
- Views: 1277256
Re: Refinance Mega Thread
Refinanced today.
Outstanding balance: $280,000
Remaining term on existing 20 year loan: 15 years
Old rate: 3.5%
New term: 15 years (no change)
New rate: 2.5%
Closing costs: ~$4000
Loan servicer: Ameris Bank (loan was bought by Freddie Mac in 2016)
Outstanding balance: $280,000
Remaining term on existing 20 year loan: 15 years
Old rate: 3.5%
New term: 15 years (no change)
New rate: 2.5%
Closing costs: ~$4000
Loan servicer: Ameris Bank (loan was bought by Freddie Mac in 2016)
- Thu Apr 15, 2021 2:18 pm
- Forum: Personal Consumer Issues
- Topic: 2021 Wrangler Rubicon unlimited
- Replies: 29
- Views: 2948
Re: 2021 Wrangler Rubicon unlimited
It goes against the usual Civic/Camry Bogleheads-approved car recommendations, but I'd say go for it! If you really think you'll get into offroading there's not a better choice out there, except either an older Rubicon so you don't feel as bad about the inevitable body damage, or a side-by-side if trailering a rig to the trails is an option for you. MPG is bad on a Jeep, but that's not why you're buying it. Big tires, good ground clearance, good visibility, and no silly aerodynamic chin spoilers to get torn off all come at a cost. Drive one of your other vehicles on road trips or when your Jeep is getting some trail damage fixed. Stickshift is a lot of fun and provides a more engaging driving experience, but the reality is that it can be t...
- Thu Mar 25, 2021 9:43 am
- Forum: Personal Consumer Issues
- Topic: son to major in Business, advice on specialization requested
- Replies: 60
- Views: 3849
Re: son to major in Business, advice on specialization requested
What about Financial Engineering?
- Sun Feb 07, 2021 10:10 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4288
- Views: 1082127
Re: Share your net worth progression
Took about 17 years of working (started my career in 2000) and investing to hit $1M net worth (June 2017).
Next million ($2M net worth) was just breached in Feb 2021 (so it took ~3.7 years to reach next million).
Consistent saving (40%+ per year), bull market gains, and home value appreciation helped accelerate the new worth growth.
Next million ($2M net worth) was just breached in Feb 2021 (so it took ~3.7 years to reach next million).
Consistent saving (40%+ per year), bull market gains, and home value appreciation helped accelerate the new worth growth.
- Fri Dec 25, 2020 12:00 pm
- Forum: Personal Consumer Issues
- Topic: Favorite Christmas Movies
- Replies: 85
- Views: 5614
Re: Favorite Christmas Movies
Die Hard
- Sat Dec 19, 2020 12:11 pm
- Forum: Personal Finance (Not Investing)
- Topic: What is the Worst Financial Decision/Mistake You Have Made?
- Replies: 657
- Views: 134539
Re: What is the Worst Financial Decision/Mistake You Have Made?
Didn't sell a biotech stock after FDA approval. Had a 7,000% gain and held it trying to get more gains (got greedy). Eventually kept holding as the price went down, hoping for a rebound. Ended up selling everything for an almost 100% loss (like 99.9% loss). Total loss was something like $40k, so not earth shattering. But lesson learned.
- Wed Sep 16, 2020 5:05 pm
- Forum: Personal Investments
- Topic: Suggestions for 100x moonshots
- Replies: 108
- Views: 21673
Re: Suggestions for 100x moonshots
Biotech penny stocks. As risky as some of the other suggestions here.
- Tue Aug 18, 2020 3:34 pm
- Forum: Personal Investments
- Topic: How much did you save?
- Replies: 102
- Views: 17321
Re: How much did you save?
For the past several years, 30% of gross salary into taxable after maxing out 401k and Roth IRA.
- Sat Jun 20, 2020 4:30 pm
- Forum: Personal Consumer Issues
- Topic: Should I sell my stash of dental floss now worth $3,000?
- Replies: 123
- Views: 18781
Re: Should I sell my stash of dental floss now worth $3,000?
Lol. Love this.adamthesmythe wrote: ↑Tue Jun 16, 2020 11:28 am Then you'll be a dental floss tycoon
(cue Frank Zappa)
- Mon Apr 06, 2020 12:16 pm
- Forum: Personal Consumer Issues
- Topic: No sports but cable bills unchanged
- Replies: 86
- Views: 7285
Re: No sports but cable bills unchanged
Exactly the same reason why I still have cable.dukeblue219 wrote: ↑Sun Apr 05, 2020 12:46 pmWe can't watch our local baseball (Nationals) without cable to get MASN. Mlb.tv doesn't carry local teams and MASN is not available on any streaming platform. That's what's stopping us from going to Fios+YouTubeTVJags4186 wrote: ↑Sun Apr 05, 2020 11:02 am Yea I for the life of me can’t understand why someone would pay for cable anymore with all of the streaming options available.
When NFL season comes aroundI sign up for the Sling sports package for an extra $10/mo to get NFL Redzone and then promptly cancel at the conclusion of the season.
- Mon Apr 06, 2020 11:26 am
- Forum: Investing - Theory, News & General
- Topic: Anxiety About Stocks Rising
- Replies: 14
- Views: 1528
Re: Anxiety About Stocks Rising
The market will be much, much higher than it is today, in 30 years (I think). So you should be OK by time you retire in 30+ years (I think).
- Sat Apr 04, 2020 11:29 am
- Forum: Investing - Theory, News & General
- Topic: If you could go back to 1/1/2000 and buy just one asset category -- gold, stocks, or bonds -- which would you pick?
- Replies: 97
- Views: 5704
Re: If you could go back to 1/1/2000 and buy just one asset category -- gold, stocks, or bonds -- which would you pick?
The Bobs would like a word.coachd50 wrote: ↑Fri Apr 03, 2020 8:16 pmI hear you are having trouble with your TPS reports.Brianmcg321 wrote: ↑Fri Apr 03, 2020 7:59 pm I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities.
- Wed Mar 18, 2020 10:27 am
- Forum: Investing - Theory, News & General
- Topic: Basic question on why these put options are so expensive
- Replies: 3
- Views: 335
Re: Basic question on why these put options are so expensive
The "Strike Price" is the price at which the stock needs to trade below for the put options to be "in-the-money". You also need to factor in the remaining time to expiration into the prices.
- Sat Feb 01, 2020 2:47 pm
- Forum: Personal Consumer Issues
- Topic: What's the difference between Uber and Lyft?
- Replies: 63
- Views: 6296
Re: What's the difference between Uber and Lyft?
Uber lets you split the fare with another rider. Lyft does not.
You may be able to get some additional discounts with Lyft if you have a Chase Sapphire Reserve card.
I've noticed Lyft is a bit cheaper than Uber for the same exact trip (open both apps, enter your destination, then compare prices).
You may be able to get some additional discounts with Lyft if you have a Chase Sapphire Reserve card.
I've noticed Lyft is a bit cheaper than Uber for the same exact trip (open both apps, enter your destination, then compare prices).
- Thu Jan 23, 2020 6:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: Personal Capital and Ally Bank
- Replies: 45
- Views: 8290
Re: Personal Capital and Ally Bank
I get the same error. Last update was 1/14/2020.
- Fri Jan 10, 2020 8:55 am
- Forum: Personal Investments
- Topic: Sell FZROX in Taxable?
- Replies: 9
- Views: 3001
Re: Sell FZROX in Taxable?
I own FZROX (Fidelity ZERO Total Market Index Fund) in a taxable account. It is equivalent to VTSAX (Vanguard Total Stock Market Index Fund), which I also own in a taxable account. Why is owning FZROX in a taxable account a bad thing?
- Tue Jan 07, 2020 8:05 am
- Forum: Personal Consumer Issues
- Topic: Exercise machine for a small apartment
- Replies: 56
- Views: 4442
Re: Exercise machine for a small apartment
Bowflex Max Trainer
- Sun Dec 15, 2019 2:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: Sell house to buy SPIA in retirement? No retirement accounts.
- Replies: 5
- Views: 971
Sell house to buy SPIA in retirement? No retirement accounts.
Assume someone is retired (69 years old), married to a spouse who is 68 years old and both are living abroad (Spain). Both are U.S. citizens and have permanent residency status in Spain. The married couple is thinking of moving back the the U.S. in 5 years. The couple own 2 homes, (1) one in the U.S. with a small remaining mortgage balance that can be paid off in a few years, that they are renting out; and (2) one in Spain that they currently live in, that also has a remaining mortgage that will take a few more years to pay off. No retirement accounts other than modest SS and pension (outlined below). House #1 is in the U.S. and worth ~$500K, is being rented out for around $2,100 and rent is paid directly to the homeowner. Homeowner uses th...
- Fri Nov 15, 2019 6:10 pm
- Forum: Personal Consumer Issues
- Topic: Best thing you have ever bought?
- Replies: 151
- Views: 17102
- Thu Jun 06, 2019 3:33 pm
- Forum: Personal Consumer Issues
- Topic: Eye/face protection for basketball?
- Replies: 28
- Views: 2389
- Sun May 19, 2019 1:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: FIRE - What am I missing in the News Stories
- Replies: 223
- Views: 19014
Re: FIRE - What am I missing in the News Stories
Low paying jobs are stressful for people who don't have a lot of money. For people who have a lot of money, there is little stress over getting laid off or making ends meet with a low paying job.
- Thu May 09, 2019 9:32 am
- Forum: Personal Consumer Issues
- Topic: Replacement Window shopping advice
- Replies: 20
- Views: 2686
Re: Replacement Window shopping advice
I live in the same area as you (Northern Va). The prices seem fair to me. I just had a Renewal by Andersen consultant in my house yesterday. I have 37 windows in a three story townhouse. Total price after discounts came in at $76,000!!! >$2k per window on average. I've read great reviews about Windows on Washington. High 4-star rating on Yelp.
- Sun Mar 24, 2019 10:48 am
- Forum: Personal Consumer Issues
- Topic: What golf ball do you use?
- Replies: 40
- Views: 3305
Re: What golf ball do you use?
The cheapest possible since I lose probably 10 per round
- Thu Feb 14, 2019 8:57 pm
- Forum: Personal Finance (Not Investing)
- Topic: Why efile if you owe?
- Replies: 47
- Views: 5264
Re: Why efile if you owe?
What about paying the amount owed in pennies? That sounds fun.adpd2008 wrote: ↑Thu Feb 14, 2019 6:44 pm Just ran some rough numbers on my taxes. I will owe a low 5 figure amount which is atypical and results from a confluence of events and not just the tax cuts. My question for people who end owing every year is:
Any advantage of efiling the return when I owe? My return and the associated capital gains reconciliation will be over 200 pages. Seems like it would be better for me if I made the IRS manually sort through it.
Why wouldn't I wait till the very last day to mail my return and the check?
Thanks.
- Sun Feb 03, 2019 12:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Building a house in rural mountains
- Replies: 70
- Views: 8678
Re: Building a house in rural mountains
Have you ever watched Building Off the Grid? Very cool show on DIY Network. Might give you a good feel for the LOE to build from scratch in remote areas.tmcc wrote: ↑Fri Feb 01, 2019 6:42 pm Has anyone built on a large amount of rural, mountain acreage? I found a lot I like and would build a modest home. I would need to consider things like septic, well water, electricity, barn for horses, snowcat etc etc
Has anyone successfully done this from scratch? (ie empty land -> developed house)
are there any key pieces of advice you can share?
Thanks
- Fri Dec 28, 2018 4:52 pm
- Forum: Personal Consumer Issues
- Topic: Why do people buy- performance cars?
- Replies: 67
- Views: 3613
Re: Why do people buy- performance cars?
For me, it's not just about how fast the car can go. Mine has a speedometer that tops out at 200 MPH. I clearly will not go that fast on an open public road. A bigger part of the thrill is when I step into my car in the morning, turn the ignition on and hear that 6.2 liter naturally aspirated V8 explode and rumble as I thunder down the road. It's music to my ears.
- Thu Dec 20, 2018 2:35 pm
- Forum: Investing - Theory, News & General
- Topic: Who's buying today? where's all the "dry powder" folks at? :)
- Replies: 514
- Views: 58804
Re: Whose buying today? where's all the "dry powder" folks at? :)
I buy VTSAX twice per month, when my paycheck hits my checking account. Then I check my rebalancing bands to see if I need to move from stocks -> bonds or vice versa, and rebalance in my 401k (that's where I keep all my bond holdings and my international stock holdings). Next purchase will be ~12/31 when my next paycheck hits. Does this qualify as "dry powder"?
- Sun Dec 16, 2018 2:19 pm
- Forum: Investing - Theory, News & General
- Topic: Which asset class is down the most for you?
- Replies: 26
- Views: 2825
Re: Which asset class is down the most for you?
International stock fund (BlackRock exUS Fund). Down 10% or so.
- Tue Dec 11, 2018 7:33 pm
- Forum: Investing - Theory, News & General
- Topic: What Happened to you during the Financial crisis of 2007–2008
- Replies: 249
- Views: 27268
Re: What Happened to you during the Financial crisis of 2007–2008
I was early 30s then. Didn't look at at my 401k for 2 years and left it on auto pilot. Glad I did.
- Thu Nov 15, 2018 4:37 pm
- Forum: Personal Finance (Not Investing)
- Topic: Finding an Attorney with Demonstrated, Credentialed Expertise In Elderlaw
- Replies: 21
- Views: 2019
- Thu Nov 01, 2018 8:18 pm
- Forum: Investing - Theory, News & General
- Topic: 2019 Retirement Contribution Limits Announced
- Replies: 54
- Views: 8687
Re: 2019 Retirement Contribution Limits Announced
Thank you LadyGeek. I didn't see the existing thread, my fault.
- Thu Nov 01, 2018 8:10 pm
- Forum: Investing - Theory, News & General
- Topic: 2019 Retirement Contribution Limits Announced
- Replies: 54
- Views: 8687
401K and IRA Contribution Limits Increased for 2019
The Internal Revenue Service on Thursday unveiled the cost-of-living adjustments for pension plans and other retirement items for the 2019 tax year, including the first increase to the contribution limit for the Individual Retirement Arrangement in six years. The limit on annual contributions to an IRA has increased to $6,000 from $5,500 for the 2019 tax year, while the limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased from $18,500 to $19,000.
https://www.marketwatch.com/story/ira-c ... 1?mod=bnbh
https://www.marketwatch.com/story/ira-c ... 1?mod=bnbh
- Fri Sep 28, 2018 12:12 pm
- Forum: Personal Investments
- Topic: Average "Recordkeeping Services" fee for 401(k)
- Replies: 11
- Views: 1725
Re: Average "Recordkeeping Services" fee for 401(k)
$8.00 Recordkeeping Fee
$3.25 Account Management Fee
Per Quarter
$3.25 Account Management Fee
Per Quarter
- Wed Aug 22, 2018 8:24 pm
- Forum: Personal Finance (Not Investing)
- Topic: Umbrella insurance - again
- Replies: 49
- Views: 5371
Re: Umbrella insurance - again
$5M from Geico for $580/year. But I'm single with no kids.
- Sat Aug 18, 2018 10:45 pm
- Forum: Personal Finance (Not Investing)
- Topic: Your major and investing/finance?
- Replies: 99
- Views: 6523
Re: Your major and investing/finance?
B.S. Applied Mathematics
Masters in Information Management
Masters in Information Management
- Sat Feb 03, 2018 1:13 pm
- Forum: Personal Consumer Issues
- Topic: For BHs who actually like cars - [what car do you drive every day?]
- Replies: 280
- Views: 29092
Re: For BHs who actually like cars - what is your daily driver?
C63 AMG
Wrangler Rubicon
Wrangler Rubicon
- Sat Jan 27, 2018 7:08 pm
- Forum: Personal Consumer Issues
- Topic: How to choose a college
- Replies: 67
- Views: 5647
Re: How yo choose a college
I always liked reading through the Fiske College Guide.novillero wrote: ↑Sat Jan 27, 2018 4:23 pm My daughter is of the age that she is receiving material in the mail from colleges. What are good resources for looking at colleges?
I see U.S. News, Forbes, WSJ all lost some sort of a ranking system. There is a site called niche that ranks schools. Are these good ways to judge a college? What else would you take into consideration? And how do you find that info?
- Sat Jan 20, 2018 10:05 am
- Forum: Personal Finance (Not Investing)
- Topic: Are Retirement Accounts Protected from Lawsuits in Virginia?
- Replies: 3
- Views: 867
Re: Are Retirement Accounts Protected from Lawsuits in Virginia?
Thank you dbr!dbr wrote: ↑Sat Jan 20, 2018 9:55 am Maybe this thread is helpful: viewtopic.php?t=134808
I do know the issue in general is lack of exemption from liability not in bankruptcy for IRAs. It is difficult to find data that is specific to those two conditions (IRA, not bankruptcy). Generally in bankruptcy retirement funds seem to be exempt whether IRA or 401k. Sorry I can't help more. I notice on that thread my not helpful post was to fail to cite a site I had but did not bookmark.
- Sat Jan 20, 2018 9:31 am
- Forum: Personal Finance (Not Investing)
- Topic: Are Retirement Accounts Protected from Lawsuits in Virginia?
- Replies: 3
- Views: 867
Are Retirement Accounts Protected from Lawsuits in Virginia?
I apologize if this topic has been covered already (I did a search and did not find anything). I can't seem to find a definitive source to answer this question. If I am sued, are my 401K and Roth IRA accounts protected from liability? I live in Virginia. This question popped up in my head as I was reading through the umbrella policy threads on BH (so many of them!).