Search found 2277 matches

by TropikThunder
Tue May 26, 2020 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage rates headed lower?
Replies: 7
Views: 971

Re: Mortgage rates headed lower?

One could argue that risk is higher now, so rates will stay higher to compensate for that added risk. If I was a bank I sure as heck wouldn’t lend anyone a ton of money for 30 years for only a 2.x% fixed return. I have always been amazed that they are willing to make these completely one sided deal...
by TropikThunder
Tue May 26, 2020 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford this house"?
Replies: 10
Views: 824

Re: Yet another "can I afford this house"?

Sounds like a good candidate for an interest-only mortgage alá Hedgefundie.
by TropikThunder
Sun May 24, 2020 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 985
Views: 102131

Re: Why are you NOT buying rental properties?

With coronavirus, more and more people are late with rental payments and landlords will have a hard time collecting and evicting. Imagine being a landlord in nyc, the tenants have more rights than the landlord. It takes over a year or two to evict and good luck getting any payments. Amazingly thoug...
by TropikThunder
Fri May 22, 2020 10:28 pm
Forum: Investing - Theory, News & General
Topic: TIAA warns on negative yields on money market funds
Replies: 71
Views: 4695

Re: TIAA warns on negative yields on money market funds

CULater wrote:
Fri May 22, 2020 9:37 pm
Wonder what Vanguard is going to do? I'm not waiting to find out.
What is that supposed to mean?
by TropikThunder
Thu May 21, 2020 11:48 pm
Forum: Personal Investments
Topic: Roth IRA for children
Replies: 39
Views: 2589

Re: Roth IRA for children

Recommend you thoroughly review the IRS section https://www.irs.gov/publications/p926#en_US_2020_publink100086734 And these two articles discuss further https://www.marottaonmoney.com/fund-your-childs-roth-with-chore-income/ https://www.marottaonmoney.com/how-to-fund-your-roth-with-babysitting-mone...
by TropikThunder
Wed May 20, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: If you have access to TIAA-Traditional, should you own *any* bonds right now?
Replies: 14
Views: 933

Re: If you have access to TIAA-Traditional, should you own *any* bonds right now?

Thanks for all of the replies so far. They are quite helpful. This is not a practical question for most people because it implies you have enough balance in a TIAA employer contract to cover 100% of your bond requirements. If you don't and roll money in from IRAs, you are likely looking at a 1% rat...
by TropikThunder
Tue May 19, 2020 11:58 pm
Forum: Personal Investments
Topic: ETF versus MF
Replies: 29
Views: 1504

Re: ETF versus MF

I would prefer to keep mutual funds as well but that’s not permissible if you use the PAS at Vanguard. They are moving everyone to the brokerage platform AND ETF’s. I’m unsettled about that. I’d like to keep my mutual funds and don’t want to be forced into ETF’s. I understand and accept they want t...
by TropikThunder
Tue May 19, 2020 7:25 pm
Forum: Personal Investments
Topic: ETF versus MF
Replies: 29
Views: 1504

Re: ETF versus MF

I would prefer to keep mutual funds as well but that’s not permissible if you use the PAS at Vanguard. They are moving everyone to the brokerage platform AND ETF’s. I’m unsettled about that. I’d like to keep my mutual funds and don’t want to be forced into ETF’s. I understand and accept they want t...
by TropikThunder
Tue May 19, 2020 7:10 pm
Forum: Personal Investments
Topic: ETF versus MF
Replies: 29
Views: 1504

Re: ETF versus MF

ETFs require that whole shares be purchased. Not any more, there have been numerous threads about brokerages with fractional share ETF purchases. Schwab: https://www.bogleheads.org/forum/viewtopic.php?t=292814 Fidelity: https://www.bogleheads.org/forum/viewtopic.php?t=302147 https://www.bogleheads....
by TropikThunder
Mon May 18, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: Dividend vs Total Return question
Replies: 66
Views: 2734

Re: *

investing only for capital return isn't total return investing and the dreaded sequence of return risk is really based in the capital return components of nav and capital gains, ie a depressed nav possibly coupled with low/no capital gains Why do you keep deleting the thread titles or changing them...
by TropikThunder
Sun May 17, 2020 12:21 pm
Forum: Investing - Theory, News & General
Topic: Big changes to S&P 500?
Replies: 24
Views: 2456

Re: Big changes to S&P 500?

1) It's always worth understanding things. It's worth understanding that the S&P 500 was created, and remains, a human choice of "leading companies in leading industries;" that when it was created in 1957 few cared about small-caps; that it is predominantly large-caps but it does not simply hold th...
by TropikThunder
Sun May 17, 2020 11:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 8534

Re: Vanguard Mutual Fund Platform EOL

Forcing them to pay into a MM fund and then have to go in and sell the MM and direct the proceeds to your bank seems like a huge step backwards to me. You already can have the distributions sent directly to your bank, just like in the old platform. The only thing you can’t do on the new platform is...
by TropikThunder
Sat May 16, 2020 8:42 pm
Forum: Personal Investments
Topic: Should I Transfer 401K to Roth 401K?
Replies: 34
Views: 2117

Re: Should I Transfer 401K to Roth 401K?

Hi. So, I'm in my mid 30s, have $150k in a Roth IRA, $25K in taxable, and $50K in my 401K. $25K of the 401K is Roth, and the other is Traditional. I can convert the Traditional portion to Roth online now. Should I do this and just pay those taxes now, so earning can accrue tax free or is it okay to...
by TropikThunder
Sat May 16, 2020 5:09 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10017

Re: Paul Tudor: Compelling case for bitcoin ?

ohboy! wrote:
Fri May 15, 2020 1:32 pm
I personally am diversified into 20 different cryptos and don’t depend on an exchange for security.
What was that about a benefit of BTC being scarcity?
by TropikThunder
Sat May 16, 2020 1:53 pm
Forum: Personal Investments
Topic: What to do with after-tax contributions to employer 401k?
Replies: 46
Views: 2102

Re: What to do with after-tax contributions to employer 401k?

The only reason to make after-tax 401k contributions is to then convert them to Roth, whether within the existing 401k (like you’re doing) or via in-service rollover to an IRA. In either case the benefit is tax-free growth with the trade-off of restricted access. You can choose one or the other: (1)...
by TropikThunder
Sat May 16, 2020 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Good Time to Buy New Car or Wait?
Replies: 38
Views: 3590

Re: Good Time to Buy New Car or Wait?

Swivelguy wrote:
Fri May 15, 2020 4:53 pm
Don't time the market. New cars should be purchased at a time that is appropriate for the individual's need, ability, and willingness to buy a new car. 8-)
Because as soon as you do, prices will drop. :?
by TropikThunder
Sat May 16, 2020 12:03 am
Forum: Personal Investments
Topic: Has anyone else invested this way?
Replies: 13
Views: 1186

Re: Has anyone else invested this way?

I plan to open a Vanguard account and invest 200k in VFIAX and contribute 3k per month for next 30 years...this will be my only Vanguard index fund...a good idea or should I look at adding bond index fund? I’m 36 years old with no debt. Has anyone else taking this one fund approach for the long hau...
by TropikThunder
Fri May 15, 2020 11:37 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Purchase Policy
Replies: 16
Views: 1741

Re: Updated Vanguard Purchase Policy

Dale_G wrote:
Fri May 15, 2020 11:30 pm
Oh! What did you have to do at Schwab that you couldn't have done on your phone? Going in person is so 1960s.
:P I had to deposit a large (to me) distribution check from a family trust and it was too large for their mobile deposit.
#FirstWorldProblems
by TropikThunder
Fri May 15, 2020 10:49 pm
Forum: Personal Investments
Topic: Why international?
Replies: 636
Views: 40677

Re: Why international?

midareff wrote:
Tue May 12, 2020 4:35 pm
This isn't 1965 and the world is far different economically, regulatory and geopolitically than it was then. [OT comment removed by moderator prudent]
Tried to let this go but couldn't. [Response to OT comment removed by admin LadyGeek]
by TropikThunder
Fri May 15, 2020 9:58 pm
Forum: Investing - Theory, News & General
Topic: Updated Vanguard Purchase Policy
Replies: 16
Views: 1741

Re: Updated Vanguard Purchase Policy

Since Vanguard is not a full service bank, it's unsurprising that they would prefer deposits be via ACH rather than by paper: they don't have to pay the computer to process an electronic transaction. I see this as nudging people away from sending in paper checks at all. That stated, why would someon...
by TropikThunder
Fri May 15, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Get rid of PMI or pay off federal college loan
Replies: 7
Views: 333

Re: Get rid of PMI or pay off federal college loan

I’d be cautious with the “offer” to reappraise. Fannie Mae guidelines prohibit removal of PMI in less than 2 years unless the increased valuation is based on improvements and not just appreciation. If Fannie Mae’s minimum two-year seasoning requirement is waived because the property improvements mad...
by TropikThunder
Fri May 15, 2020 2:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 8534

Re: Vanguard Mutual Fund Platform EOL

Kevin M wrote:
Fri May 15, 2020 2:36 pm
This isn't exactly correct.

Kevin
Thanks for clarifying, I guess I’m a little sloppy with the terminology (I only started with Vanguard in 2016 so they had already closed mutual-fund only accounts to new investors).
by TropikThunder
Fri May 15, 2020 2:37 pm
Forum: Personal Investments
Topic: Fidelity HSA Investment
Replies: 27
Views: 2815

Re: Fidelity HSA Investment

Some choose to place the higher growth elements of the portfolio here as it is the most tax-advantaged of all... That is not a correct argument. Once you make the contribution and get the deduction, that tax benefit is already received and what remains is the behavior of the investment and future w...
by TropikThunder
Fri May 15, 2020 1:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 8534

Re: Vanguard Mutual Fund Platform EOL

since you cannot hold ETF’s on the older platform. This confuses me greatly. We own ETF's and I never transitioned to the new platform. Your joint taxable account is on the new platform (“brokerage”). As a test, see if you can purchase an ETF in your IRA (obviously don’t submit anything). I’ve neve...
by TropikThunder
Fri May 15, 2020 1:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 8534

Re: Vanguard Mutual Fund Platform EOL

If I'm reading correctly, it's not available in the old platform either (DRIP reinvestment for ETFs), because ETFs weren't allowed on the old platform. And DRIP redirection is available (per user above) in the new platform for MFs, right now. So if it's something you require, when you port your acc...
by TropikThunder
Fri May 15, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Odd entry in credit report
Replies: 3
Views: 385

Re: Odd entry in credit report

I just looked at my Equifax credit report. For one credit card, there are entries every month for the past two years: "Consumer disputes this account information." I'm not actually disputing anything. Any idea where this might have come from? Should I be concerned? Have you noticed the “dispute” co...
by TropikThunder
Fri May 15, 2020 12:27 am
Forum: Personal Investments
Topic: Fidelity HSA Investment
Replies: 27
Views: 2815

Re: Fidelity HSA Investment

well after a long wait and having the request from fidelity to my bank lost, the funds were finally transferred. Now what to invest in!?!?!? My idea is to keep 1000-1500 in cash as just in case money. Again, I would like to leave this untouched until retirement and try to have it grow as much as po...
by TropikThunder
Thu May 14, 2020 11:54 pm
Forum: Personal Investments
Topic: Thoughts on investing in Pre-IPO Companies?
Replies: 12
Views: 622

Re: Thoughts on investing in Pre-IPO Companies?

BrokenMan, There are legit secondary markets out there where you can do this. From my research, the minimums tend to be high . The shares are obviously illiquid once purchased (and oftentimes preferred shares are not available for purchase). You can go years without any exit event , if any at all. ...
by TropikThunder
Thu May 14, 2020 11:51 pm
Forum: Personal Investments
Topic: Thoughts on investing in Pre-IPO Companies?
Replies: 12
Views: 622

Re: Thoughts on investing in Pre-IPO Companies?

If I knew of a great pre-IPO opportunity, what makes anyone think I would share it here?!?
by TropikThunder
Thu May 14, 2020 6:11 pm
Forum: Personal Investments
Topic: Vanguard ETF in Roth IRA?
Replies: 12
Views: 558

Re: Vanguard ETF in Roth IRA?

wilwoodjoyce wrote:
Thu May 14, 2020 2:37 pm
I wonder if I can switch it to Vanguard index ETF in my Roth IRA account.
What made you ask this question? You must think there is a benefit or you wouldn't have asked.
by TropikThunder
Wed May 13, 2020 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Car Insurance; Bad Driver Penalty
Replies: 21
Views: 1669

Re: Car Insurance; Bad Driver Penalty

I can't imagine why it was $3500 per year before the accident... One word: Chubb Then why use them? Chubb is considered the "Cadillac" of property/casualty insurance. The premium, even before all this, was double what others charge. Some people think it's worth it. Truthfully they took a long time ...
by TropikThunder
Wed May 13, 2020 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Not paying auto insurance rather than cancelling
Replies: 32
Views: 2223

Re: Not paying auto insurance rather than cancelling

Oh...and don't forget, if your state DMV cancels your registration, tags or driver's license when you simply stop paying your current carrier...no driving until you get the mess sorted out. Meaning your new carrier won’t pay a claim during this period since your license will have been suspended. Th...
by TropikThunder
Wed May 13, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Not paying auto insurance rather than cancelling
Replies: 32
Views: 2223

Re: Not paying auto insurance rather than cancelling

There’s unnecessary hand-wringing over this. In my state, the only obligation is to maintain some minimum level of insurance. When I switch carriers, the new carrier notifies both the RMV and the old carrier. If there’s any refund due from the old carrier, it’s paid out. That’s it. Why do you assum...
by TropikThunder
Wed May 13, 2020 12:11 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6584

Re: My spending has increased 2-3X since COVID-19!!! Has yours?

This feels like a thread that is going to be locked. You are mostly wasting your money. It is not. Every one of these items has a 'buy this now or die' emergency criteria, which is why it got passed in my 'emergency budget resolution' to spend. I am not happy with the amount of 'emergency budget re...
by TropikThunder
Wed May 13, 2020 12:09 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6584

Re: My spending has increased 2-3X since COVID-19!!! Has yours?

mega317 wrote:
Wed May 13, 2020 12:05 pm
This feels like a thread that is going to be locked.

You are mostly wasting your money.
Most of OP’s threads I just assume are parody.
by TropikThunder
Tue May 12, 2020 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Appraiser is asking for more money in the middle of refinance process, legal?
Replies: 36
Views: 3220

Re: Appraiser is asking for more money in the middle of refinance process, legal?

xerxes101 wrote:
Tue May 12, 2020 10:28 am
(1) the appraiser may have gotten ticked off when I asked for a waiver (although I am not sure why the lender would share that info with the appraiser)
If I was an appraiser today, I would take for granted that every borrower is asking for a waiver.
by TropikThunder
Mon May 11, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2644

Re: Deferred Compensation Money Gets Taxed

Did you already max out your 401k/457 last year (2019)? If the salary was back-pay for 2019 and you’d already maxed out 2019, it will still be taxed now (since you can’t defer any more for 2019).
by TropikThunder
Mon May 11, 2020 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: High Deductable ObamaCare + HSA
Replies: 29
Views: 1468

Re: High Deductable ObamaCare + HSA

No income requirements for contributing to an HSA. Altho it is a bit of a shame to make the contribution with no immediate tax benefit. You will still get tax free growth if the money is ultimately used for medical expenses, but if you're planning on using the money for expenses in the near future,...
by TropikThunder
Mon May 11, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Car Insurance; Bad Driver Penalty
Replies: 21
Views: 1669

Re: Car Insurance; Bad Driver Penalty

Leesbro63 wrote:
Mon May 11, 2020 2:34 pm
Millennial wrote:
Mon May 11, 2020 2:26 pm
I can't imagine why it was $3500 per year before the accident...
One word: Chubb
Then why use them?
by TropikThunder
Mon May 11, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Interest Deduction
Replies: 3
Views: 547

Re: Mortgage Interest Deduction

I called my accountant and was told me If we refinance we could only deduct interest up to the $750,000 amount. My research online suggests we would be grandfathered in. Thank you. Mortgage debt resulting from a refinance is treated as having been incurred on the origination date of the original mo...
by TropikThunder
Mon May 11, 2020 1:20 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10017

Re: Paul Tudor: Compelling case for bitcoin ?

I ignore most Bitcoin threads but sometimes I can’t help myself: the requirements for something to be an (A) investment or (B) a currency are polar opposites. An investment is worthless if its value doesn’t increase. A currency is unusable unless it’s value is stable.
by TropikThunder
Sun May 10, 2020 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal HSA?
Replies: 10
Views: 524

Re: Spousal HSA?

If your spouse is >= age 55, they are eligible to make $1,000 in catch-up contributions, but those contributions must go to their own HSA. Notwithstanding the first bullet item, if your spouse does not currently have an HSA account. It makes sense for her to open and initially fund an HSA account w...
by TropikThunder
Sun May 10, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: When to deduct HSA from payroll, and when not to?
Replies: 11
Views: 847

Re: When to deduct HSA from payroll, and when not to?

What are some factors to consider when it’s best to deduct HSA directory from payroll and avoid FICA taxes, and when it’s best to pay the FICA tax to increase social security at retirement? Are there any theories on a persons age or income or marriage status or years until retirement? Or is it most...
by TropikThunder
Sat May 09, 2020 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9738

Re: $2 million dollar house pre requisites

My rules of thumb: 1. You should have enough in liquid assets to buy the house in cash 2. The value of your house should not be more than half of your total net worth. The lower this proportion is, the better. So in your case, you should have at least $4 million in liquid net worth to be able to af...
by TropikThunder
Sat May 09, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9738

Re: $2 million dollar house pre requisites

If someone wanted to buy a $2 million dollar house in a HCOLA, what would be the pre requisites needed in order to gain the boglehead Seal of approval ? Honestly? No True Boglehead would ever approve of a $2 million house because no matter how much money you have, no one "needs" a $2 million house ...
by TropikThunder
Sat May 09, 2020 4:50 pm
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6040

Re: College age kid wrecked his car...

So I assume no collision insurance on the totaled car? Are you going to get that for the next car? The lack of insurance seems to have put you in a bind so it may be worth it. When my son had run in with deer, it was covered under comprehensive, not collision coverage. Comprehensive coverage is ver...
by TropikThunder
Sat May 09, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score stalled after big purchase
Replies: 24
Views: 1388

Re: Credit score stalled after big purchase

This sounded like a good idea first, so I looked it up. But if there is interest payment involved there, there is no way I'm doing it. With credit unions, the interest rate is only 2% above what they pay you on the savings account secured as collateral. On a $1000 balance, that's $20 per year. Isn'...
by TropikThunder
Sat May 09, 2020 11:30 am
Forum: Personal Finance (Not Investing)
Topic: 2019 HSA contribution with tax refund?
Replies: 15
Views: 651

Re: 2019 HSA contribution with tax refund?

The HSA contribution must be made by the tax filing deadline not including extensions. Normally, that would be 4/15, but has been postponed until 7/15. That’s an important point, you’d need to file early enough to receive your refund before filing day. The delayed date this year provides a unique o...
by TropikThunder
Fri May 08, 2020 9:23 pm
Forum: Personal Investments
Topic: Mimic 3 fund portfolio with these 401k choices
Replies: 7
Views: 565

Re: Mimic 3 fund portfolio with these 401k choices

Hi, Can anyone tell me how to mimic the 3 fund portfolio with the below 47 401k choices. Thanks! Name/Inception Date Asset Class ER FID 500 INDEX (FXAIX) 02/17/1988   Stock Investments 0.02% FID EXTD MKT IDX (FSMAX) 11/05/1997   Stock Investments 0.04% AM CENT EMG MKTS R6 (AEDMX) 09/30/1997   Stock...
by TropikThunder
Fri May 08, 2020 7:33 pm
Forum: Personal Investments
Topic: TIAA SRA vs. GSRA
Replies: 8
Views: 541

Re: TIAA SRA vs. GSRA

Does anyone know the differences between the TIAA Savings Retirement Annuity (SRA) and the Group Savings Retirement Annuity (GSRA)? The only difference I could find is in the fixed period annuity options SRA is 2-30yrs and GSRA is 5-30yrs. Is this the only difference or am I missing something? The ...