Search found 1449 matches

by TropikThunder
Thu Jun 20, 2019 10:57 am
Forum: Personal Investments
Topic: What are you suppose to do with money earned from dividends?
Replies: 10
Views: 1480

Re: What are you suppose to do with money earned from dividends?

rkhusky wrote:
Thu Jun 20, 2019 7:11 am
It is only more difficult if you want to auto invest dividends into a different fund.
Good point. I had read that that is one of the things the brokerage platform could not do compared to the mutual fund platform but I’ve only ever had the brokerage one.

Had to fix a typo. :P
by TropikThunder
Thu Jun 20, 2019 1:55 am
Forum: Personal Finance (Not Investing)
Topic: HR telling my wife not to contribute 100% of her salary to 401k
Replies: 24
Views: 3903

Re: HR telling my wife not to contribute 100% of her salary to 401k

Traditional 401k contributions are not subject to income taxes, but they are subject to payroll taxes (Medicare and social security). Right, this is 6.2% SS up to the annual limit which sounds like it is not at play here plus 1.45% medicare. At 7.65% then 92.35% might be safe. My employer has a max...
by TropikThunder
Thu Jun 20, 2019 1:45 am
Forum: Investing - Theory, News & General
Topic: Contribute to an ira after returement
Replies: 11
Views: 882

Re: Contribute to an ira after returement

I read that a spouse may not contribute to an ira if the other spouse is covered by a workplace retirement. Is this the case? You can always make a traditional IRA contribution, the question is whether you can deduct it. The availability of a workplace retirement plan for one or both spouses affect...
by TropikThunder
Wed Jun 19, 2019 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

To think you are going to “lose all your renters” is kinda silly. You just have to rent it out at the market price. People will always need a place to live. I posted this in another RE Evangelist thread, but it bears repeating: According to a St. Louis Fed study, each recession since the 1960's has...
by TropikThunder
Wed Jun 19, 2019 7:45 pm
Forum: Personal Investments
Topic: What are you suppose to do with money earned from dividends?
Replies: 10
Views: 1480

Re: What are you suppose to do with money earned from dividends?

It is simple to manage the traditional mutual fund account,the controls for managing mutual funds that are in the new brokerage accounts holding mutual funds may be more complicated but there should be a way It's no more difficult on the brokerage platform then it is on the older mutual fund platfo...
by TropikThunder
Wed Jun 19, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 506
Views: 41092

Re: Why are you NOT buying rental properties?

I took me a year to learn about RE investing. I am sure I must have toured more than 100 homes. Now I have 5 rental properties (bought them for $2M). If I may ask: Did you put $2 million down or the value is $2 million? He answered previously (here or on another thread) that the total purchase pric...
by TropikThunder
Wed Jun 19, 2019 3:44 pm
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 12235

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

One last point after reading the last few comments of this thread. The title of the thread is incorrect -- it should be preceded by the word "Nominal." We in no way discourage the purchase of annuities. We only point out that purchasing a nominal annuity is a speculative bet on future inflation rat...
by TropikThunder
Wed Jun 19, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: No deductions next year?
Replies: 5
Views: 750

Re: No deductions next year?

Question, I’m hearing that on tax forms there are no deductions anymore? No house, no contributions to retirement? Advise? Are you referring to the forms changing? The new 1040 doesn’t have any line items for IRA’s etc but you still claim them on an attached schedule. Plus they made some changes to...
by TropikThunder
Wed Jun 19, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Overfund HSA
Replies: 3
Views: 422

Re: Overfund HSA

Let me know if my summary is correct: - Company A contributed $2,500 for 2019 - You added $4,500 (assuming family plan) also for 2019 - Company B will also contribute $2,500 for 2019 Your choices will be to either: (1) remove $2,500 of your contribution via Excess Contribution Removal Form (plus the...
by TropikThunder
Mon Jun 17, 2019 10:50 pm
Forum: Personal Investments
Topic: IRA and taxes. Is a taxable account better?
Replies: 8
Views: 662

Re: IRA and taxes. Is a taxable account better?

The blog article assumes everyone has a deductible tIRA, perhaps the author never heard of non-deductible contributions.
by TropikThunder
Mon Jun 17, 2019 8:47 pm
Forum: Investing - Theory, News & General
Topic: Which schedule is better when making periodic investments into an ETF
Replies: 17
Views: 1155

Re: Which schedule is better when making periodic investments into an ETF

I have always thought that if you wait until we hit recession and the market goes down to make your lump sum investment... That's better than doing the lump sum investment now. The market is going to crash sooner or later. Of course, during a recession there will always be the question of how much ...
by TropikThunder
Mon Jun 17, 2019 12:02 pm
Forum: Personal Investments
Topic: Any way other than real estate to leverage good income and credit?
Replies: 9
Views: 630

Re: Any way other than real estate to leverage good income and credit?

Sell tradelines. In other words, let some deadbeat use your good credit to borrow money. Does not sound like a surefire route to success. That isn’t what it means, although it does boost their credit that allows them to borrow money from others. I used to do this through a few cards, ended up being...
by TropikThunder
Mon Jun 17, 2019 11:56 am
Forum: Personal Investments
Topic: tIRA contribution post tax
Replies: 20
Views: 359

Re: tIRA contribution post tax

MotoTrojan wrote:
Mon Jun 17, 2019 11:44 am
Another vote to convert as soon as you can.
And to try not to call Vanguard in the first place. Funding an IRA just takes a couple clicks online.
by TropikThunder
Sun Jun 16, 2019 9:12 pm
Forum: Investing - Theory, News & General
Topic: Which schedule is better when making periodic investments into an ETF
Replies: 17
Views: 1155

Re: Which schedule is better when making periodic investments into an ETF

Since you have read a number of posts on this subject where all perspectives have already been provided, what exactly are you asking? If you received money monthly would you consider breaking it into 4 weekly investments? I wouldn’t and neither would I take quarterly income and spread it out over 3...
by TropikThunder
Sun Jun 16, 2019 7:13 pm
Forum: Personal Investments
Topic: Convert my VG mutual funds to ETFs to save basis points?
Replies: 39
Views: 2353

Re: Convert my VG mutual funds to ETFs to save basis points?

Is it known whether one can convert just a portion of their mutual fund to its corresponding ETF? For example, OP’s plan is to keep $3,000 in the mutual fund to accept ongoing contributions (so as not to need to re-open the position with a $3,000 minimum each time). Does anyone know if you can conve...
by TropikThunder
Sat Jun 15, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home without income
Replies: 8
Views: 1341

Re: Buying a home without income

jminv wrote:
Sat Jun 15, 2019 5:30 pm
Find a co-op board that will cooperate?
+1. OP's screen name includes "nyc", suggesting they live in NYC. I can't imagine it's rare in NYC for people to be buying residences with mostly unearned income (not that you didn't earn it, but that it's not wages or business revenue).
by TropikThunder
Sat Jun 15, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home without income
Replies: 8
Views: 1341

Re: Buying a home without income

Prices are finally coming down, so we're looking to buy again. I retired last year and am living on my dividends and interest. We are pre-approved for the mortgage amount. Our assets are 4x the price of the place we want to buy after we put 60% down. We ran into an issue with the co-op board, in th...
by TropikThunder
Sat Jun 15, 2019 1:06 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 8415

Re: The Case Against ETFs

Rather, the OP seemed to be suggesting that the mere existence of such an ETF represents a danger to ALL investors without offering ANY offsetting benefits. Such a strident argument goes beyond the limits, IMHO, of both logic and evidence. It also doesn’t help that OP’s debate style seems to be: 1....
by TropikThunder
Fri Jun 14, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 315
Views: 21638

Re: Selling home- Demanding Buyer (Repairs)

A take it or leave it approach to the latest counter is the best approach. At some point you do need to stop negotiating. A buyer should expect a working septic system but had it not failed, the buyer would have had a standard system. That’s what you should expect as a buyer. Upgrades should be on ...
by TropikThunder
Thu Jun 13, 2019 10:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETF Marketing
Replies: 17
Views: 1041

Re: Vanguard ETF Marketing

The published journal article is available from Oxford University Press: https://academic.oup.com/rof/article-abstract/21/3/1217/2670117?redirectedFrom=fulltext Bogle advocated traditional index mutual funds. And warned against trading ETFs. Academic research supported his opinion As vineviz pointe...
by TropikThunder
Thu Jun 13, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 8415

Re: The Case Against ETFs

I’m a Vanguard investor and very unhappy about their move to ETFs. So don't use them! While it helps Vanguard lower record keeping costs, it hurts a lot of people who are going to start trading more frequently. It’s really sad to watch. Just look at Bogleheads and some of the most popular threads -...
by TropikThunder
Thu Jun 13, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 315
Views: 21638

Re: Selling home- Demanding Buyer (Repairs)

I offered buyer the amount of written estimate $13,500 (be reduced from the purchase price) and provided a copy of the written estimate. Buyer came back with this: It is unfortunate that the septic field requires replacement and more so that it is apparently an unusual installation. I can offer one...
by TropikThunder
Thu Jun 13, 2019 6:15 pm
Forum: Personal Investments
Topic: "Steelmanning" the case for owning individual stocks
Replies: 75
Views: 6230

Re: "Steelmanning" the case for owning individual stocks

Rick Ferri has described the investor's eductional endeavors to generally follow the following path (https://www.bogleheads.org/forum/viewtopic.php?t=250534) : A successful index fund investor goes through four phases: 1) Darkness - takes advice from everyone; 2) Enlightenment - realizes a market r...
by TropikThunder
Thu Jun 13, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Cost of LifeStrategy Mod Grwth in Taxable VS Three Fund Portfolio plus VPAS
Replies: 25
Views: 1557

Re: Cost of LifeStrategy Mod Grwth in Taxable VS Three Fund Portfolio plus VPAS

Not sure how a step up in basis works in a taxable account is jointly owned. I would not think there is a step up. Unsurprisingly, the answer is “it depends” - mainly on whether the couple live in a community property state. In a community property state, property (including stocks) acquired during...
by TropikThunder
Thu Jun 13, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: 401a/403b question regarding contribution limits
Replies: 5
Views: 311

Re: 401a/403b question regarding contribution limits

Employer contributions are not included in the $19k employee elective deferral limit. But double check that the 401a actually is employer contributions. To add, 401a plans are normally set up to receive employer contributions but employers can mandate that employees contribute as well. Those employ...
by TropikThunder
Wed Jun 12, 2019 8:07 pm
Forum: Personal Investments
Topic: Best HSA account as of June 2019?
Replies: 14
Views: 983

Re: Best HSA account as of June 2019?

The reason I had to make a new post is precisely because I can’t find one that ticks all three boxes. But someone somewhere must know the answer. I’m not a big fidelity fan... much rather buy vanguard ETFs if vanguard funds aren’t available There aren't any (current) HSA's that will tick all three ...
by TropikThunder
Wed Jun 12, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5439

Re: Is it Wise to Remove Escrow if Bank Allows it?

by alpenglow » Wed Jun 05, 2019 11:13 am CAsage wrote: ↑ Tue Jun 04, 2019 4:04 pm Another really good reason to control your own Property Tax payments is the option to "bunch" that deduction every other year, should that allow you to itemize. Works in some circumstances, especially if you are close...
by TropikThunder
Wed Jun 12, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18547

Re: Paying for rent is throwing away money...myth?

I sure wouldn't want to be 80 and kicked out of my apartment and be forced to move at that age. Why would an 80 year old get kicked out of an apartment? I don’t know if your being intentionally obtuse, or if it just never occurred to you that a landlord is under no obligation to renew a lease, even...
by TropikThunder
Wed Jun 12, 2019 11:34 am
Forum: Personal Consumer Issues
Topic: Toyota Sienna tire replacement at 12k miles
Replies: 72
Views: 3850

Re: Toyota Sienna tire replacement at 12k miles

Hi everyone, Are there any Toyota Sienna owners that have had sub-optimal results with the factory run-flat tires? My wife's went to the Toyota dealership recently for an oil change and they said she needs new tires, as hers have worn thin. She only has 12,xxx miles on the car that we bought brand ...
by TropikThunder
Wed Jun 12, 2019 11:24 am
Forum: Personal Investments
Topic: 403(b) Stable Value vs Bond Funds
Replies: 4
Views: 647

Re: 403(b) Stable Value vs Bond Funds

There is not much information out there to help with which would be better. ie comparing SEC yields to current stable value offering, do the YTD, 1 year, 3 year, etc. matter? How and what am I supposed to be comparing between these funds for the fixed allocation in my 403(b) account? It’s easy to l...
by TropikThunder
Tue Jun 11, 2019 12:31 pm
Forum: Personal Investments
Topic: HSA - Save Reciepts When Paying Bills?
Replies: 36
Views: 2199

Re: HSA - Save Reciepts When Paying Bills?

I don't know how the pharmas do it but service providers all have procedure codes in their billing system. I know dermos regularly do medical vs. non-medical procedures. It doesn’t matter what billing codes are used, when the receptionist slides your HSA debit card to take a payment, the machine ta...
by TropikThunder
Mon Jun 10, 2019 5:31 pm
Forum: Investing - Theory, News & General
Topic: US stocks still look better than anywhere else
Replies: 100
Views: 7558

Re: US stocks still look better than anywhere else

mrspock wrote:
Wed Jun 05, 2019 5:25 pm

Love the laid back life of Europeans, but the American way to run a business (e.g. emphasis on customer service) is unmatched.
Priority #1 of American business is profit. Customer service is only tangentially relevant up to the point that it hurts revenue.
by TropikThunder
Mon Jun 10, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: W/O comp and collision, how does reimbursement from a not at fault accident work?
Replies: 20
Views: 1249

Re: W/O comp and collision, how does reimbursement from a not at fault accident work?

If you have uninsured/underinsured motorist coverage on your policy, then your insurance will pay for the damages when the at-fault party either has no insurance or doesn’t have enough (they cause damage higher than their coverage limits). Check with your insurance company for the state you reside ...
by TropikThunder
Sun Jun 09, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Catch up contribution vs profit share contribution i401k
Replies: 4
Views: 275

Re: Catch up contribution vs profit share contribution i401k

When you turn 50 and can make the extra $6000 contribution from payroll deduction you still have a cap with profit share employer contribution of $56,000 a year max. Is it better to not do the catch up and fill the space with profit share $s or to use the catch up on employee side? Will be the same...
by TropikThunder
Sat Jun 08, 2019 11:08 pm
Forum: Investing - Theory, News & General
Topic: S&P Index Chart
Replies: 3
Views: 570

Re: S&P Index Chart

It's odd to me that people show these charts and only examine the price not "Total Return" including dividends. If you looked at a bond fund and didn't include the dividends you could go decades without "recovering". Yeah if that chart had been on Marketwatch or The Street, I wouldn't be surprised ...
by TropikThunder
Sat Jun 08, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6075

Re: Suggestions on fraudulent medical bill

As I've seen before on this forum, a lot of people are saying to just pay it when, if it were anything but a medical bill, they would say to fight it. Auto body shops itemize and code with a byzantine and often nonsensical system that is not unlike hospitals. If a body shop falsely (intentionally o...
by TropikThunder
Sat Jun 08, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: consolidating HSA accounts into new Fidelity HSA account
Replies: 7
Views: 842

Re: consolidating HSA accounts into new Fidelity HSA account

BundyBundy wrote:
Fri Jun 07, 2019 7:27 pm
I have a Fidelity HSA account. I transferred it over from my previous HSA account with the holding. I liquidated the fund in Fidelity.

Annual cost is about ~$48 for Fidelity to manage. Yes, you'll pay any taxes on gains on the HSA.
Why would there be any taxes from a transfer to Fidelity?
by TropikThunder
Sat Jun 08, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: W/O comp and collision, how does reimbursement from a not at fault accident work?
Replies: 20
Views: 1249

Re: W/O comp and collision, how does reimbursement from a not at fault accident work?

If you have uninsured/underinsured motorist coverage on your policy, then your insurance will pay for the damages when the at-fault party either has no insurance or doesn’t have enough (they cause damage higher than their coverage limits). If the at-fault party has insurance (and you got it from the...
by TropikThunder
Fri Jun 07, 2019 8:46 pm
Forum: Personal Investments
Topic: Chewy IPO
Replies: 43
Views: 3201

Re: Chewy IPO

I have very little faith in the ability of non-financial professionals to judge whether an individual stock is a good investment (and even less faith in my own such ability). Common stock-picking advice is "go with what you know", but whether you and your circle of friends like and/or use a particul...
by TropikThunder
Fri Jun 07, 2019 12:14 pm
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 12235

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

Tayler said on post #9 that your title is misleading, the authors’ conclusion was “buy nominal or not at all”. They did not say “don’t buy at all”. Maybe 160 posts later you could fix that? Or, you could just purchase a nominal annuity that will pay out about the same total $$ as the 2% COLA annuity...
by TropikThunder
Thu Jun 06, 2019 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do I adjust capital gains/losses for short term trading fees?
Replies: 10
Views: 535

Re: Do I adjust capital gains/losses for short term trading fees?

This is from Fidelity (my italics emphasis added): COST BASIS BASICS What transactions can affect cost basis? Any transaction that increases or decreases the number of shares in a position can affect cost basis. When you buy or sell shares of a security, the cost basis of your position in that secur...
by TropikThunder
Tue Jun 04, 2019 8:41 pm
Forum: Personal Investments
Topic: Problem at Vanguard?
Replies: 42
Views: 5241

Re: Problem at Vanguard?

Do what makes you feel comfortable. Not sure why people care or give you a hard time for this. because research shows that people who check their portfolios often generally make changes more than those that check fewer times. Those changes can lead to underperformance. Years ago, Barry Ritholtz quo...
by TropikThunder
Tue Jun 04, 2019 12:56 pm
Forum: Personal Investments
Topic: Does an Advisors AUM fee also include assets in your 401k that they advise on?
Replies: 24
Views: 2049

Re: Does an Advisors AUM fee also include assets in your 401k that they advise on?

My question is would the 401k which the advisor doesn't have direct access to be included in his assets under management and thus tacked on the 1% fee? No. AUM = Assets Under Management. The 401k assets are not under the management of the adviser. Your mother in law will be charged 1% only against ...
by TropikThunder
Sun Jun 02, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: IRS proposing changes to 2017 tax return (Cafe 125 HSA)
Replies: 5
Views: 599

Re: IRS proposing changes to 2017 tax return

Is it possible that you double-dipped this HSA deduction? Maybe you took a deduction on form 8889 twice, once as an employer contribution on line 9 (even if it was deducted from your paycheck, this is the way it is described) and once as an employee as a contribution funded by your checking acct on...
by TropikThunder
Sat Jun 01, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: How does a mortgage banker make money?
Replies: 14
Views: 1654

Re: How does a mortgage banker make money?

The recent thread on relationship mortgage banking got me thinking: how are these bankers compensated? They are eager to compete on interest rates, so I’m guessing it’s a combination of number of loans closed and size of loans. Since these jumbo loans are held by the bank after origination, perhaps...
by TropikThunder
Fri May 31, 2019 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Forgot to mail check to IRS for taxes ($4000) - what now
Replies: 24
Views: 2759

Re: Forgot to mail check to IRS for taxes ($4000) - what now

Having had multiple problems with the IRS losing things that were mailed in, I'd suggest making the payment electronically with IRS Direct Pay: https://www.irs.gov/payments/direct-pay I'd also just tack on a trivial amount, say 100-200 dollars, to cover the projected penalty. You will get a refund ...
by TropikThunder
Fri May 31, 2019 12:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11011
Views: 1920613

Re: U.S. stocks in free fall

For those eagerly anticipating a big crash, don't hold your breath. I'm sitting on a big pile of cash which is pretty close to a guarantee that no big drops are coming. The investment gods don't like giving me stocks at bargain prices. :) At what level do you plan to deploy? Don't follow me. I'm al...
by TropikThunder
Thu May 30, 2019 1:43 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 1037
Views: 90225

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I thought Health Equity requires a partial transfer to leave $25 in the account. They do. If you transfer the entire balance (or leave less than $25) they close the account and charge a $25 closure fee. Note that’s even if you mark “keep account open” and even if you chat online and verify they saw...