Search found 2237 matches

by mega317
Wed Jul 18, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Current Situation
Replies: 10
Views: 654

Re: Help with Current Situation

I'd roll everything into a Roth, paying the taxes now (which there should be none if she has no income). But let's be real, in 4 years this 20k is going to be like 4 months salary, and another few years after that it will be 1 or 2 months. I can't think of anything less important in y'alls finances ...
by mega317
Wed Jul 18, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: Mutual Fund or ETF?
Replies: 2
Views: 263

Re: Mutual Fund or ETF?

Or this thread I started before I knew about search https://www.bogleheads.org/forum/viewtopic.php?f=10&t=190094&p=2884407#p2884407 I will say that the expense ratio should be the least important factor. Slightly less important than deciding if you want to use ETFs because it is quicker to type the ...
by mega317
Wed Jul 18, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Accounts
Replies: 3
Views: 276

Re: Retirement Accounts

I think we need more info. At least I do, I don't know what an employee-sponsored account is. The Roth is definitely not a taxable account. What are the dollar figures involved, and your tax rates before and in retirement?
by mega317
Wed Jul 18, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Anyone have experience with Redneck bank?
Replies: 13
Views: 1418

Re: Anyone have experience with Redneck bank?

What happens if you catch it with your cursor?
by mega317
Wed Jul 18, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: short-term treasuries for short-term savings?
Replies: 9
Views: 521

Re: short-term treasuries for short-term savings?

Kind of funny for you to worry so much over a few basis points which will amount to less than 1k. The MUCH more important factor is doing the move right ie definitely rent first, don't pay more than you have to (many people, myself included, rent a nicer place than they need because "it's only a yea...
by mega317
Sun Jul 15, 2018 12:08 am
Forum: Investing - Help with Personal Investments
Topic: safe investment location for ~1-10+ years?
Replies: 3
Views: 527

Re: safe investment location for ~1-10+ years?

Your TEY calculation is way off. I get 2.03% with the numbers you provided. But I think your thought process is good. If there is a chance you need this money in a year and you would be seriously bummed about losing somewhere in the 5% range, then I'd stay away from the muni fund. And really what's ...
by mega317
Sat Jul 14, 2018 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Need to generate income
Replies: 27
Views: 2457

Re: Need to generate income

Welcome to the forum. If you tried to print every thread that addresses some form of this question the paper generated probably wouldn't fit in your house, which is to say there are strong, differing opinions. However the fact will remain that you can only squeeze so much out of a fixed dollar amoun...
by mega317
Fri Jul 13, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: CIT Bank offering 1 yr CD with 2.50% APY
Replies: 3
Views: 678

Re: CIT Bank offering 1 yr CD with 2.50% APY

Also note the 52 week treasury is around 2.35% which is better for many who pay state income tax, as well as possibly more convenient and more liquid.
by mega317
Fri Jul 13, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Project - Where to park cashback rewards to accumulate and grow?
Replies: 13
Views: 1020

Re: Project - Where to park cashback rewards to accumulate and grow?

I'm still unclear of the benefit or what you're even trying to do. This I've wanted to see how much "bonus" money I could accumulate over the course of a couple decades (or longer). doesn't really seem like an explanation. Just do with the money what you would do if it was a work bonus or a tax refu...
by mega317
Fri Jul 13, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Project - Where to park cashback rewards to accumulate and grow?
Replies: 13
Views: 1020

Re: Project - Where to park cashback rewards to accumulate and grow?

Your rules are arbitrary and I don't see any reason for them. What is the benefit of keeping this money separate? If your goal is to smile knowingly while you write a tuition check, you should just tally the rewards in a spreadsheet but don't actually keep the money separate. 2. Along the same lines...
by mega317
Fri Jul 13, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: New 18 year old need advice
Replies: 15
Views: 832

Re: New 18 year old need advice

I agree, I would take nearly no risk with this money. In addition to tuition and emergency funds, you want to think about other expenses you might have before retirement. Car? Trips? I think it's a little premature to start thinking retirement. One thing you can do, if you're going to be working dur...
by mega317
Fri Jul 13, 2018 12:00 pm
Forum: Personal Consumer Issues
Topic: Accessible Cash
Replies: 13
Views: 938

Re: Accessible Cash

As a sort of natural test-drive of such a scenario there was the large blackout of 2003. The first night everyone freaked out and ate everything in the fridge, filled their bath tubs, bought out the grocery stores, and cleared out the gas stations. Starting on the second day there was really no more...
by mega317
Fri Jul 13, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: Accessible Cash
Replies: 13
Views: 938

Re: Accessible Cash

What I keep accessible is non-perishable food and water. I probably have enough on hand just in the natural course of things that we could last at least a week. (Although the instant mac and cheese is a problem without electricity; maybe my son won't last a week.) If something happens that is longer...
by mega317
Thu Jul 12, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: Anyone take naps at work?
Replies: 93
Views: 5351

Re: Anyone take naps at work?

For those who said under the desk--what is the benefit of this vs other floor space? I don't think I've ever worked at a desk that I could fit under.
by mega317
Wed Jul 11, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: Anyone take naps at work?
Replies: 93
Views: 5351

Re: Anyone take naps at work?

GT99 wrote:
Wed Jul 11, 2018 2:54 pm
Now that I have a 5 months old who doesn't want to sleep more than 3 hours at a time, I wish I had the ability to nap during the day.
3 hours? Lol I also have a 5 month old and it sounds like you're in heaven.
by mega317
Wed Jul 11, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Investing into taxable while spouse is unemployed
Replies: 5
Views: 529

Re: Investing into taxable while spouse is unemployed

It sounds totally great that you're going to continue to invest as if your wife was still working even though she's not. Congrats.

Of course that does make me wonder where the rest of her income had been going.
by mega317
Wed Jul 11, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund checkup
Replies: 19
Views: 1479

Re: Emergency fund checkup

It doesn't make sense to me to increase your emergency fund by 21k to account for realtor fees, etc. You're headed down the road of mental accounting at that point, and also setting yourself up for significant cognitive bias around your transaction. Regarding the rest of your numbers, I think you ar...
by mega317
Wed Jul 11, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend stocks vs. dividend ETFs
Replies: 9
Views: 651

Re: Dividend stocks vs. dividend ETFs

Given those two choices, I would prefer funds for the reasons you listed. The higher yield you could get by picking stocks yourself will come with greater risk. But really you should ask yourself why you are looking for dividend stocks at all. People have typed until their fingers bled on this topic...
by mega317
Wed Jul 11, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: Anyone take naps at work?
Replies: 93
Views: 5351

Re: Anyone take naps at work?

If I was the boss I'd rather my employees nap during the day than spend that time browsing the internet.
by mega317
Wed Jul 11, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: Capping Emergency Fund
Replies: 53
Views: 4752

Re: Capping Emergency Fund

I think some people consider a stock crash and unemployment as an emergency and plan to use their energy emergency fund in an attempt to avoid selling stocks under any circumstances until they recover, which I assume people define as a return to pre-crash prices but I don't really know. mega317, A ...
by mega317
Wed Jul 11, 2018 7:01 am
Forum: Investing - Theory, News & General
Topic: Capping Emergency Fund
Replies: 53
Views: 4752

Re: Capping Emergency Fund

I think some people consider a stock crash an emergency and plan to use their energy fund in an attempt to avoid selling stocks under any circumstances until they recover, which I assume people define as a return to pre-crash prices but I don't really know.
by mega317
Fri Jul 06, 2018 9:33 pm
Forum: Investing - Theory, News & General
Topic: Capping Emergency Fund
Replies: 53
Views: 4752

Re: Capping Emergency Fund

OP you're talking about like 5% of your taxable assets. It couldn't matter less what you do here. I'd say revisiting your arbitrary decided emergency fund is not market timing and having such a fund does not violate the spirit of staying invested.
by mega317
Fri Jul 06, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: Capping Emergency Fund
Replies: 53
Views: 4752

Re: Capping Emergency Fund

I love money on the beach as a metaphor. I know it was a typo but it works for me. My own take is that as long as I am confident that I'll have enough money to cover an emergency, it doesn't matter how it's held. Many people will have no emergency fund and hold 100% stock in taxable once the taxable...
by mega317
Fri Jul 06, 2018 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: STIP or High Yield Money Market
Replies: 6
Views: 536

Re: STIP or High Yield Money Market

I'm not familiar with this fund specifically but I believe many plausible scenarios would have this fund beating 1.8% going forward. Stable or increased inflation, stable or decreasing or even modestly increasing interest rates. But since no one can predict what's going to happen, the real question ...
by mega317
Thu Jul 05, 2018 9:45 pm
Forum: Personal Consumer Issues
Topic: Surface Pro(2017) vs 9.7" iPad 2018 (edited)
Replies: 35
Views: 2408

Re: Surface Pro(2017) vs 10.5" iPad Pro

Carguyny -- can you share how the iPad is worse than previously?
by mega317
Wed Jul 04, 2018 12:01 pm
Forum: Personal Consumer Issues
Topic: What to add to the baby registry?
Replies: 20
Views: 1224

Re: What to add to the baby registry?

DO NOT put your baby to sleep in a rock-n-play or car seat unless you plan to watch them. If you want a lot of small-ish items to put on the registry because many people are going to want to spend less than, say, 50 bucks then I would think ahead beyond the immediate newborn period. Bibs, baby spoon...
by mega317
Wed Jul 04, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Down Payment for House in VCADX
Replies: 3
Views: 483

Re: Down Payment for House in VCADX

I would not make a decision based on the amount of paperwork....

I think it's a fine strategy if you understand the risks and the timeline is indefinite. Otherwise yes I'd try to match duration more closely.
by mega317
Wed Jul 04, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 2344

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

I wouldn't assume but would actually calculate the early withdrawal penalty and if it's worth it to pay. Also how much money are we talking about? This whole conversation might be academic only. A difference of 1.5% minus ewp and possibly taxes might come out to not much.
by mega317
Tue Jul 03, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Will I ever be able to itemize?
Replies: 64
Views: 4221

Re: Will I ever be able to itemize?

Look on the bright side--it's easier to calculate TEY on state tax-exempt interest
by mega317
Mon Jul 02, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: Retiring in Michigan (Ann Arbor)
Replies: 65
Views: 4664

Re: Retiring in Michigan (Ann Arbor)

I have lived in Ann Arbor both as a student and as an adult. I think the fact that there are a lot of students isn't a factor. I hardly noticed them except when I went out of my way (football games and walking around campus for fun). You won't live where most students live, you won't go to most busi...
by mega317
Fri Jun 29, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: What are you learning or studying?
Replies: 99
Views: 6969

Re: What are you learning or studying?

1. Reading lots of parenting books and forums. A good way to find whatever answer you want to be true. 2. Youtube videos on various home and car projects. 3. Not necessarily any practical use in my life but I like to dive in to topics. I just finished reading a whole bunch of books on the Apollo pro...
by mega317
Thu Jun 28, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: New car dealer pricing
Replies: 44
Views: 2502

Re: New car dealer pricing

I'm all for haggling and do it myself, but just another viewpoint: To save a few thousand on a once-every-5-or-10 years purchase (if not less frequently) it is totally reasonable to not want to spend the time and aggravation. There are much faster and easier ways to make a few k in 10 years (credit ...
by mega317
Thu Jun 28, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: High yield and tax-free munis
Replies: 23
Views: 2399

Re: High yield and tax-free munis

-yes (there might be a short-term trading limitation)
-no--only the interest is tax-exempt
-yes
by mega317
Wed Jun 27, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6683
Views: 1449955

Re: U.S. stocks in freefall

willthrill81 wrote:
Wed Jun 27, 2018 9:19 pm
No one ever says "If you had missed the worst 5 days during the last year, your return would have been Z."
What a thought. Z = yacht
by mega317
Wed Jun 27, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is this correct? 5-6 Days Sell VTEB to Checking Account
Replies: 21
Views: 1484

Re: Is this correct? 5-6 Days Sell VTEB to Checking Account

I don't know the answer but I know one way you can easily get the definitive answer.
by mega317
Wed Jun 27, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: CD recommendation for a 5 year term
Replies: 4
Views: 645

Re: CD recommendation for a 5 year term

Welcome to the forum. Depositaccounts.com will be helpful. I wouldn't recommend a 13 year old locking up car money for 5 years.
by mega317
Wed Jun 27, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: no shop/brand name Giftcards
Replies: 5
Views: 502

Re: no shop/brand name Giftcards

I am not aware of any no-fee cards. For 10-15 bucks why not cash?
by mega317
Tue Jun 26, 2018 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market Preference and Tax Question
Replies: 11
Views: 746

Re: Money Market Preference and Tax Question

In that case my comment about not mattering stands. I would go with the highest-yielding convenient option which in my case would be VMMXX depending on the fluctuations of VCTXX.
by mega317
Tue Jun 26, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Investing $1000 into VTSMX ETFs - Good Idea?
Replies: 21
Views: 1055

Re: Investing $1000 into VTSMX ETFs - Good Idea?

Sorry, I'll do my best to be a little more clear. Let me know if I'm still not answering the question. Overall my goal is to save enough in investments that I will be able to live off the annual returns. For example, I have $500k in investments, and get an average annual return of 7% after tax. Tha...
by mega317
Tue Jun 26, 2018 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market Preference and Tax Question
Replies: 11
Views: 746

Re: Money Market Preference and Tax Question

It would help to have some context. How much money are we talking about and what are you doing with it? A common use for a money market fund is to hold an emergency fund, and at the size of a typical emergency fund the differences are hardly worth discussing. 100 bucks a year maybe. I'd go with the ...
by mega317
Tue Jun 26, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Investing $1000 into VTSMX ETFs - Good Idea?
Replies: 21
Views: 1055

Re: Investing $1000 into VTSMX ETFs - Good Idea?

You didn't really answer the question of your goal. You outlined a plan to move to mutual funds, and wanting to live off dividends (maybe we should ignore that statement or else it will derail the thread, but in any case it will take decades to get there), but what are you going spend the money on a...
by mega317
Tue Jun 26, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: IRS publishes draft 2018 1040 - Huge changes made
Replies: 156
Views: 16478

Re: IRS publishes draft 2018 1040 - Huge changes made

A cynic might reasonably believe that, by moving some of the adjustments to income to obscure worksheets, the government is hoping that the taxpayer will find the whole thing overly complicated (or not find the relevant adjustment at all) and give up, thereby paying more tax than they otherwise wou...
by mega317
Tue Jun 26, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: I've been swindled!
Replies: 21
Views: 5401

Re: I've been swindled!

Assuming it is a real company--do you know anyone with a large social media presence? A tweet can accomplish a lot if it comes from someone with, for example, 53 million followers.
by mega317
Tue Jun 26, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: High yield and tax-free munis
Replies: 23
Views: 2399

Re: High yield and tax-free munis

Actually on further review (googling CUSIP) those all have coupons higher than 2.4% so I actually have no idea what you're talking about.
by mega317
Tue Jun 26, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: High yield and tax-free munis
Replies: 23
Views: 2399

Re: High yield and tax-free munis

my question is if someone can help validate all the numbers that I have in the original post for accuracy OK the best CD offers 3% I'm seeing 5 year brokered CDs at 3.3% so, close enough. 2.4% after tax which is like 4.3% before tax If your marginal rate is 45% then 2.4% would be a TEY of 4.36%. I ...
by mega317
Tue Jun 26, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: First time doing a big sell
Replies: 5
Views: 1178

Re: First time doing a big sell

Happy birthday. It is also mine today. Yes you can automatically contribute to the settlement fund and from there buy ETFs. You could also continue to auto invest in the target fund so that you'll have the money invested close to how you want it in case you don't want to manage it every month. Or, i...
by mega317
Tue Jun 26, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: Home Theater PC Uses?
Replies: 15
Views: 1324

Re: Home Theater PC Uses?

IMO most of that can be done just as easily or more so with your day-to-day computer and a streaming stick such as Chromecast/Roku. With a HTPC you'll have to use some weird keyboard/mouse thing plus the extra space and expense without much additional functionality. I would only do it if I wanted a ...
by mega317
Tue Jun 26, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 96
Views: 10396

Re: $1 million house--- sanity check

Texanbybirth wrote:
Tue Jun 26, 2018 1:09 pm
but that size mortgage (2x annual pay) would make me squeamish with plans for children on the horizon.
Talking strictly numbers, this is a very conservative view, especially in HCOL.
by mega317
Tue Jun 26, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: IRS publishes draft 2018 1040 - Huge changes made
Replies: 156
Views: 16478

Re: IRS publishes draft 2018 1040 - Huge changes made

We're going to have to learn new reference numbers when helping out members. No longer can we ask "what is on line 37 of your 1040?"
by mega317
Tue Jun 26, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Cheap simple tablets?
Replies: 28
Views: 2726

Re: Cheap simple tablets?

ChinchillaWhiplash wrote:
Mon Jun 25, 2018 9:50 pm
Decided to try the Fire 10. Certified used from Amazon. Hope it works out. Thanks for all the info!
Please let us know what you think!