Search found 900 matches

by TropikThunder
Wed May 23, 2018 10:01 pm
Forum: Personal Consumer Issues
Topic: Purchasing SIM card WITH phone?
Replies: 10
Views: 761

Re: Purchasing SIM card WITH phone?

Folks, Thank you all for your suggestions. Didn't realize the importance of the GSM v. CDMA phones, which made it much simpler to find inexpensive phones for international travel on Amazon. Got an 17.99 Easyfone (decent reviews) that should do the job, and will buy a Vodafone SIM card in Portugal. ...
by TropikThunder
Wed May 23, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Car wreck insurance settlement
Replies: 19
Views: 1340

Re: Car wreck insurance settlement

The insurer already owns part of any settlement by way of an insurance lien. They have a right to get their money back if it was someone else's fault. The attorney will get her share as well. Yes, of course, the insurer should/can get reimbursed for payments made. But not a percentage regardless of...
by TropikThunder
Tue May 22, 2018 10:29 pm
Forum: Personal Consumer Issues
Topic: Purchasing SIM card WITH phone?
Replies: 10
Views: 761

Re: Purchasing SIM card WITH phone?

Been reading BH posts re: international phone usage & SIM cards for upcoming Portugal trip. Our flip phones won't accommodate SIM cards, & not interested in upgrading to an iPhone or Android (we don't text and use our flip phones infrequently). Is it possible to purchase a "throw away" phone with a...
by TropikThunder
Mon May 21, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1257

Re: Please help me rationalise 401k investment choice

I would concern myself less with what someone else thinks and more with learning as much as I can on my own and determining whether my choices are appropriate for my goals. If you can’t explain your choice to someone else, that means you yourself don’t understand why you’re making that choice. At a...
by TropikThunder
Fri May 18, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Want to make sure I understand employer/personal allocation choices
Replies: 7
Views: 624

Re: Want to make sure I understand employer/personal allocation choices

I'll be in the 22% bracket now (gross salary is in the mid-60s). If your gross salary is in the mid-60s it's unlikely your income after the standard deduction will be below $38,700, especially since you're contributing to Roth accounts, not pre-tax accounts which would lower your taxes. To me it lo...
by TropikThunder
Thu May 17, 2018 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Multiples credit pulls on a mortgage app
Replies: 15
Views: 1081

Re: Multiples credit pulls on a mortgage app

Bogle_Bro wrote:
Wed May 16, 2018 7:52 pm
Moot.

Go through customer service for that request. It's inconsiderate to ask the salesperson to spend their time on that.
Please tell me you’re kidding.
by TropikThunder
Tue May 15, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: One time transfer from IRA to HSA
Replies: 4
Views: 492

Re: One time transfer from IRA to HSA

Hello, From 2015 to 2017, i used to be in high deductible health plan (HDHP) and my company offered an HSA account. This year, anticipating pregnancy and child birth, we changed our health care plan to a regular PPO plan. We were funding the HSA during the time period. Currently, my wife and I are ...
by TropikThunder
Sat May 12, 2018 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Can I Buy A House?
Replies: 34
Views: 2852

Re: Can I Buy A House?

Take a mortgage and buy a reasonable home where you can stay when you are married with kids. Rent it out while staying with your parents in the meanwhile. You will create an asset/home equity. Not taking a mortgage while buying a house at your age and income is a mistake. Buy a house that he may li...
by TropikThunder
Thu May 10, 2018 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Using 403(b) 457(b) for Roth Conversions ?
Replies: 13
Views: 953

Re: Using 403(b) 457(b) for Roth Conversions ?

Is this the start of a reasonable strategy? Not while you are working. Because you will pay tax at what is probably your highest tax rate ever. Your salary is already filling up the lower tax brackets. The conversion will be taxed at the highest tax rate. Conversions should be done when you are in ...
by TropikThunder
Wed May 09, 2018 1:57 am
Forum: Investing - Theory, News & General
Topic: Idea: An exchange to buy/sell ETFs at the NAV?
Replies: 10
Views: 543

Re: Idea: A marketplace to buy/sell ETFs at the NAV?

Why don't brokerages set up a way for investors to buy/sell ETFs at the NAV? This way people who don't want to bother with day trading can feel comfortable with ETFs. They can avoid things like bid-ask spreads. And they can avoid unsafe situations like this . The way I imagine it working is buyers ...
by TropikThunder
Mon May 07, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation to underlying funds
Replies: 4
Views: 290

Re: Allocation to underlying funds

Researching some funds, i.e.VFORX and noticed the allocation to underlying funds for one called " Vanguard Total Bond Market II Index Fund Investors Shares*" I can not find the "..II.." type, so was wondering what that means. Vanguard TBM II is a version of their Total Bond Market that’s only held ...
by TropikThunder
Mon May 07, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4899

Re: [Car accident claim exceeds coverage, send to collection agency?]

OP appears to be judgment proof, i.e., broke, so this may just be an idle threat by the insurance company. Or it could be a real threat. Because it could be a real threat, OP should talk to a lawyer and not just ignore the insurance company's demands. OP, contact your local bar association and ask ...
by TropikThunder
Mon May 07, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4899

Re: [Car accident claim exceeds coverage, send to collection agency?]

Would it be better if he waited for it to go to collections (or to court for a judgement)? He's going to lose without a lawyer (which will cost more than the $2,000 they say he owes). All the other insurance company will need to show is what they paid the repair shop minus what OP's insurance compa...
by TropikThunder
Mon May 07, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Want an HSA but have Tricare Prime
Replies: 8
Views: 627

Re: Want an HSA but have Tricare Prime

As far as getting around this, one could dis-enroll from Tricare and go on an HDHP but I can't see that being that beneficial from a health coverage point of view (I know next to nothing about how good Tricare coverage is though). I don't know much about Tricare either but the annual enrollment fee...
by TropikThunder
Mon May 07, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4899

Re: [Car accident claim exceeds coverage, send to collection agency?]

It seems that the other owner's insurance company must have paid $7,000 to repair the damage done to the other car, under the other owner's collision coverage - then gone after the original post's property damage coverage for that amount - HOWEVER, that limit was only $5,000. Hence, the $2,000 defi...
by TropikThunder
Mon May 07, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Want an HSA but have Tricare Prime
Replies: 8
Views: 627

Re: Want an HSA but have Tricare Prime

Hello- My husband is a 25 year retired vet. He has transitioned to the civilian world and is eligible for an HSA with his new job. Can we forego Tricare (we are only eligible for Tricare Prime) and choose a High Deductible health plan? The Human Resources rep is saying we are ineligible as per the ...
by TropikThunder
Fri May 04, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: How often ETF’s split?
Replies: 7
Views: 798

Re: How often ETF’s split?

I don't see why they would split. You can buy a single share for free. I can see why they reverse split. I would make it make it more accessible and improve volume . I agree. For example, when State Street changed over to the Spider Portfolio ETF's last October (SPTM Total Stock Market, SPAB Total ...
by TropikThunder
Thu May 03, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 55
Views: 6460

Re: Starting to smell like buying season?

It's the 12% that starts to tickle the nostrils IMHO. Waiting for down at least 15% to start any buying outside of my regularly planned purchases. I certainly hear the not carved in stone stuff myself. I've been floating at about 44% in equities and would want to see a much bigger drop before I was...
by TropikThunder
Wed May 02, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Ally asking CURRENT customer to provide SSN card?
Replies: 58
Views: 4084

Re: Ally asking CURRENT customer to provide SSN card?

Employers ask for these cards from new employees. I guess you could ask them what they think they are accomplishing too. Employers have a form called an I-9 where they have to verify a person's identity and eligibility to work. I think munemaker’s point is that an employer shouldn’t need a copy of ...
by TropikThunder
Wed May 02, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Ally asking CURRENT customer to provide SSN card?
Replies: 58
Views: 4084

Re: Ally asking CURRENT customer to provide SSN card?

I don't understand the concern here all banks ask for a SSN for tax reasons. I believe there are other identification numbers you can provide if you aren't a US citizen so I wouldn't worry about it. OP said Ally asked for a copy of his SS card itself , not just his SS number (which they already hav...
by TropikThunder
Sat Apr 28, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional vs. Roth IRA for high-tax bracket
Replies: 11
Views: 755

Re: Traditional vs. Roth IRA for high-tax bracket

@ThisJustIn, there is something in the way that you describe your options that makes me wonder if you understand the details. That said, if you’re eligible for a mega backdoor Roth, go for it; it’s quite an effective way to save for retirement. I may be wrong, but to me the "doesn't sound right" pa...
by TropikThunder
Sat Apr 28, 2018 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional vs. Roth IRA for high-tax bracket
Replies: 11
Views: 755

Re: Traditional vs. Roth IRA for high-tax bracket

For traditional IRA, I can only contribute 5.5K, which is the limit, but pre-tax money (Clarification question: how is tIRA contribution pre-tax if I contribute to tIRA from my bank account , and not from my pay directly?) It's pre-tax if you claim it as a deduction on your 1040, as FiveK said. You...
by TropikThunder
Thu Apr 26, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: Holding S&P 500 Index vs Total Stock Market?
Replies: 35
Views: 12040

Re: Holding S&P 500 Index vs Total Stock Market?

As for mutual funds versus ETFs, the primary advantage to funds is that you don't pay a commission to buy or sell shares . So if you're investing every month or with every pay period, that purchase commission in a brokerage account can really add up. ETFs have some tax advantages since there is oft...
by TropikThunder
Thu Apr 26, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: What happens when you speak in TICKER language.
Replies: 139
Views: 12425

Re: A Rant about Ticker Speak

I highlighted AGG, right-clicked and "search with Google" AGG = iShares Barclays Aggregate Bond Fund NYSEARCA: AGG 105.81 USD +0.14 (0.13%) :arrow: Total elapsed time < 500 milliseconds 8-) Which is also about how long it would take a poster to copy the fund name and put it in their original post i...
by TropikThunder
Wed Apr 25, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30924

Re: KF's simple rules to achieve FI [Financial Independence]

If I didn't follow this board regularly I would disregard Klangfool as a troll. These rules are impractical and discouraging for average folks who visit this board. If we all listened to this advice then anyone with an income below 6 figures should be living in a shotgun shack and working until the...
by TropikThunder
Wed Apr 25, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: 401k only up to the match and the rest in IRA's...
Replies: 7
Views: 793

Re: 401k only up to the match and the rest in IRA's...

What I don't know is if there is a higher contribution limit at a 401k or in an IRA, or are they the same. I guess this would only be of concern to a super saver. What does the IRS say? https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits https://...
by TropikThunder
Wed Apr 25, 2018 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: What happens when you speak in TICKER language.
Replies: 139
Views: 12425

Re: A Rant about Ticker Speak

It takes just a few seconds to look up the symbol though. It takes just a few seconds to copy the fund name though. Double click it in the post, right click, left click "Search Google VTI". Double click the symbol in your post, right click, left click "Search Google VTI" and then copy the fund name...
by TropikThunder
Wed Apr 25, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Partial Tax Loss Harvesting
Replies: 6
Views: 402

Re: Partial Tax Loss Harvesting

I’ve harvested tax losses a number of times over the years. Sometimes I’ve sold all shares in a fund and then invested the proceeds in a similar but not substantially identical fund. Other times, I’ve sold all shares, put the proceeds in a money market fund, and then, thirty-one days later, reopene...
by TropikThunder
Wed Apr 25, 2018 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Rising Interest and bond funds
Replies: 19
Views: 2117

Re: Rising Interest and bond funds

I am interested in anyone's take on the philosophy of rising interest rates and the risk to bond funds and whether a bond ladder is the place to be. I understand the mechanics of why bond funds can take a hit when interet rates rise but don't bond fund managers proactively consider interet rates wh...
by TropikThunder
Wed Apr 25, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: FTSE Reclassified Poland as a Developed Market
Replies: 3
Views: 515

Re: FTSE Reclassifies Poland as a Developed Market

Wasn't this announced last year? I'm looking at articles from 2017... http://www.mondovisione.com/media-and-resources/news/ftse-russell-reclassifies-poland-to-developed-market-status/ http://emerging-europe.com/in-brief/poland-switch-emerging-developed-market-september-2018/ Poland is still in emer...
by TropikThunder
Tue Apr 24, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5972

Re: Who benefits from "best and final offer" on condo?

For the seller, it isn’t entirely about money. It’s also about having a buyer and buyer’s agent you can work with. When they asked for best and final offer, they were asking for best and final offer, and you apparently didn’t believe them. Would I have done it differently? Yes. But when both the to...
by TropikThunder
Tue Apr 24, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 73
Views: 5273

Re: [Vanguard account locked out due to deceased owner]

Correct. OP has no authority to access information on the account. Gill There are no good alternatives, no alternatives whatsoever , for someone who thinks that a financial institution will allow them to log into an account held under a deceased person's name. We might want to swing a little over t...
by TropikThunder
Tue Apr 24, 2018 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with Bond Funds
Replies: 6
Views: 709

Re: Need help with Bond Funds

I am 29 years old. I can't decide which bond index funds to choose to hold and contribute to for the rest of my life. My allocation will be 70% stock, 20% bonds, 10 % Reit. So I am thinking total market bond index 10% and intermediate term corporate bond index 10%. Is this stupid? I'm curious the t...
by TropikThunder
Tue Apr 24, 2018 12:47 am
Forum: Personal Consumer Issues
Topic: Used car dealer-Freight charge
Replies: 21
Views: 1354

Re: Used car dealer-Freight charge

I was with my daughter looking at mini vans and we stopped at an Enterprise dealership. She did not end up buying but there was a freight charge based on how far the vehicle had to travel to get to the dealership. If the vehicle was on the lot or within 75 miles there was no charge, but otherwise t...
by TropikThunder
Sun Apr 22, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Visitor to us needs SIM card for 2 weeks
Replies: 9
Views: 811

Re: Visitor to us needs SIM card for 2 weeks

GSM phones (like on AT&T and T-Mobile) are far more predominant around the world, while CDMA phones (Sprint, Verizon) are less common outside the US and Canada. So, your guest likely has an unlocked (not committed to a particular carrier) GSM S8 and you can swap out a pre-paid SIM. No “hacking” need...
by TropikThunder
Sun Apr 22, 2018 1:03 pm
Forum: Personal Consumer Issues
Topic: Visitor to us needs SIM card for 2 weeks
Replies: 9
Views: 811

Re: Visitor to us needs SIM card for 2 weeks

I searched and found several discussions about travel outside us, but couldn’t find one for visitors to us. I have a guest that needs a SIM card and around 100 minutes, 100 text and 1 GB data to use in the next 2 weeks, or maybe even less. I think they bought a month at H2O wireless last time they ...
by TropikThunder
Fri Apr 20, 2018 11:35 pm
Forum: Investing - Theory, News & General
Topic: Wellesley January Price Drop? Why?
Replies: 27
Views: 3536

Re: Wellesley January Price Drop? Why?

Wellesley performance has been underwhelming this year, compared to other funds IN IT'S CATEGORY. It's currently in the bottom 7% of all "Allocation - 30-50% equity" funds YTD according to M*. I think this is an excellent example of why the Morningstar Star ratings are such a bad way to select fund...
by TropikThunder
Wed Apr 18, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Balanced vs 2025 vs 2 fund portfolio
Replies: 8
Views: 1028

Re: Balanced vs 2025 vs 2 fund portfolio

I think deep down this is what I have been leaning towards. I do like the simplicity and you make a good point that being in a tax deferred account making changes isn't as big as a deal as in a taxable account. Also being in VIABX it would give me less of chance to tinker. Of course we all know tha...
by TropikThunder
Tue Apr 17, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Expense ratios calculations
Replies: 9
Views: 394

Re: Expense ratios calculations

Hmm, so ultimately I'm trying to figure out where would I pay less in the end, TIAA or Vanguard. Through my employer all the funds at TIAA have an expense ratio of 0.1% and no general admin fee and all the funds at Vanguard have an expense ratio of 0.09% but there is a $34 annual admin fee. Not a b...
by TropikThunder
Mon Apr 16, 2018 2:23 am
Forum: Personal Finance (Not Investing)
Topic: Can't afford health insurance -- options?
Replies: 23
Views: 2631

Re: Can't afford health insurance -- options?

"Google" search "ACA Subsidy Cliff". Don't fall off of it. Consequences are $$$$$$$$$. ACA SUBSIDY CLIFF https://www.gocurrycracker.com/obamacare-optimization-vs-tax-minimization/ aloha j :D It really doesn’t look like OP’s son and DIL are at risk of falling off the subsidy cliff anytime soon since...
by TropikThunder
Sat Apr 14, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan - Effect on Getting Mortgage in 8-18 Months?
Replies: 4
Views: 428

Re: Auto Loan - Effect on Getting Mortgage in 8-18 Months?

I am considering buying a car that costs $25,000, and I was wondering if I should pay cash, or get an auto loan and invest the difference in cash. The kicker is, I am thinking of buying a home in the next 8-18 months, and I don't want to hurt my credit towards the mortgage. How would getting an aut...
by TropikThunder
Fri Apr 13, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: Fender bender in parking lot, he said she said. What's the effect on my going to be?
Replies: 17
Views: 1466

Re: Fender bender in parking lot, he said she said. What's the effect on my going to be?

BuckyBadger wrote:
Fri Apr 13, 2018 4:09 pm
Thanks for the comments!
Why would you remove your original post after getting what you deemed good advice? I've always felt one of the good things about this site is you can search for others who have had the same question/issue and see the advice they got without having to start a new thread.
by TropikThunder
Fri Apr 13, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 7372

Re: Why traditional IRA better than Roth IRA

Taxes could change in any number of ways. We could speculate all day about whether or not future tax law might in some way apply a tax to roth funds, or even change other taxes to make roth less desirable on a relative basis... what if we ended income tax and moved to a consumption/sales/VAT tax? W...
by TropikThunder
Fri Apr 13, 2018 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 7372

Re: Why traditional IRA better than Roth IRA

But Roth account withdrawal rules are guaranteed -- as guaranteed as they can be. They are guaranteed because they are in written law, in effect today. That’s a tad naive in my opinion. There’s nothing in the law that says Congress can’t change the rules and make Roth withdrawals taxable in the fut...
by TropikThunder
Thu Apr 12, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional recharacterized/conversation
Replies: 9
Views: 288

Re: Traditional recharacterized/conversation

To me it was looking like I needed lines 8 and 11 filled out instead of lines 7and 12. Wow, I missed the tree while looking at the overall forest. :P I agree, lines 8 and 11 make more sense as you made a conversion (line 8) not a distribution (line 7). Line 8 If, in 2017, you converted any amounts ...
by TropikThunder
Thu Apr 12, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional recharacterized/conversation
Replies: 9
Views: 288

Re: Traditional recharacterized/conversation

This is an attachment of the page for my backdoor conversation from my CPA. This looks wrong to me. Below is a link that I think will work. https://drive.google.com/file/d/1t9vpMUzqJJLlnpqo9aktu-L5Kbu__9et/view?usp=drivesdk It looks correct to me if you didn't deduct the traditional IRA contributio...
by TropikThunder
Thu Apr 12, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 7372

Re: Why traditional IRA better than Roth IRA

Can't tax brackets change over time? —————————————————- I'm paying my tax now. I don't care what tax brackets are in the future. I will pay no tax when I take my Roth distributions. You acknowledge that tax brackets can change. There’s no guarantee that Roth withdrawal rules won’t change 20-30 year...
by TropikThunder
Thu Apr 12, 2018 1:14 am
Forum: Personal Finance (Not Investing)
Topic: How much does each dollar you contribute into a Solo 401k save you in taxes?
Replies: 6
Views: 625

Re: How much does each dollar you contribute into a Solo 401k save you in taxes?

How much does each dollar you contribute into a Solo 401k save you in taxes? Does anyone know the exact calculation for this or know where I can find it? I would like an exact number and a break down of how that is calculated. I am doing my solo 401k contribution now and obviously would like to kno...
by TropikThunder
Wed Apr 11, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 7372

Re: Why traditional IRA better than Roth IRA

Everybody is different but some folks' IRA get so big when RMD hits them that makes them wish they had paid income taxes in their younger days and put that money in a Roth. TravelforFun It's not at all that simple. The size of one's portfolio (and subsequent RMD) has nothing to do with whether they...
by TropikThunder
Tue Apr 10, 2018 8:43 pm
Forum: Personal Consumer Issues
Topic: Would you pay off the student loan or keep the $$$
Replies: 48
Views: 2281

Re: Would you pay off the student loan or keep the $$$

Pay off the student loan, sell the Z06, use the Z06 money plus insurance savings to rebuild the 2001 Cherokee replacement car fund. When the Cherokee dies replace with a used Corolla or Camry. When you have enough in the replacement car fund for the Camry, divert that $320 to retirement and or the ...