Search found 448 matches

by Rainmaker41
Fri Aug 10, 2018 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Thanks for first $100k - taxable next?
Replies: 2
Views: 936

Re: Thanks for first $100k - taxable next?

Thanks for the thoughts. That confirms my inclination to keep it simple. I’ll think about reformatting the portfolio, although my 403(b) could be getting some better funds (Vanguard Total Stock, Total International, etc.) this year. I might wait to see what happens there.
by Rainmaker41
Fri Aug 10, 2018 10:06 pm
Forum: Personal Consumer Issues
Topic: Strange refund from gas co. on closed account
Replies: 6
Views: 667

Strange refund from gas co. on closed account

About a year ago, I had moved to my new residence and closed my account with the gas utility company. The account was paid in full. My new residence has no gas, and I’ve had no contact with the gas company since then. I have now revived in the mail a refund check for less than $2. It has my utility ...
by Rainmaker41
Wed Aug 08, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: Will rising inflation increase 401K and Roth contribution limits for 2019?
Replies: 11
Views: 1742

Re: Will rising inflation increase 401K and Roth contribution limits for 2019?

Thanks for the info. There’s another $2k / year in retirement space across 401(k)-type plans and IRAs for us MFJ households.
by Rainmaker41
Mon Aug 06, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Thanks for first $100k - taxable next?
Replies: 2
Views: 936

Thanks for first $100k - taxable next?

I would like to use the occasion of saving our first $100,000 in designated retirement funds to thank the Bogleheads community for my financial education over the past several years. The encouragement of this community, and the clear vision of what investing makes possible, has helped to bring us wh...
by Rainmaker41
Fri Aug 03, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5235

Re: Comfort level with Credit Card Balance

I submit payments for everything owed to credit card issuers, including legitimate pending charges but less cashback simultaneously applied to the balance, on the 15th and last day of the month. It happens that one card's statement closes on the 15th and another on the 27th but that is technically i...
by Rainmaker41
Fri Jun 29, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 1.80%]
Replies: 214
Views: 34028

Re: ALLY BANK savings account RATE increase 1.75%

Funny how it never quite keeps up with inflation. Oh well- that’s the insurance premium for the stability of the emergency fund.
by Rainmaker41
Wed Jun 20, 2018 5:08 pm
Forum: Personal Consumer Issues
Topic: What will (or would) you tip when wages go up?
Replies: 53
Views: 3685

Re: What will (or would) you tip when wages go up?

I have never understood what makes restaurants different from every other kind of business. A company provides goods or services in exchange for the customer's price, out of which costs should be covered with the remainder being profit (assuming a good business model and prices set ‘correctly’ for t...
by Rainmaker41
Sun Jun 17, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1620

Re: What do you sell after the emergency fund?

Our emergency fund is about 6 months of expenses including a bare-bones marketplace health insurance plan. That would be supplemented by unemployment insurance from the government, whose proceeds would extend our consumption ability by at least a few months, but I've never done the math on that sinc...
by Rainmaker41
Tue Jun 05, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3310

Re: WSJ:Social Security Expected to Dip Into Its Reserves This Year

I plan on receiving the scheduled haircut to 75% of benefits paid for with my payroll taxes, since I will be old enough to claim long after 2034. “Fixes” to Social Security that give a bigger haircut than that to the middle class seem politically unlikely. My expectation is that there will be a fix ...
by Rainmaker41
Sat May 19, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6475

Re: What’s your phone/internet bill?

$31.96 / month for Internet access up to 155 Gb. Will increase $10 / month in August and again in 2019 to $51.96 apparently. We own a combined modem-router.

$80 / month for service to two mobile phones. Goes up $10 per line if that line uses more than 2Gb in a month. We own the phones.
by Rainmaker41
Thu May 17, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%
Replies: 26
Views: 3754

Re: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%

Or you could get 2% from a 6 month Treasury Bill state-tax free.
by Rainmaker41
Thu May 10, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: Do we spend too much on food?
Replies: 71
Views: 6541

Re: Do we spend too much on food?

2 adults in a high-cost city.

$400 /month groceries & household (anything eaten or used up like soap or paper towels).

$100 / month on eating out, takeout, etc.
by Rainmaker41
Sun May 06, 2018 2:35 pm
Forum: Personal Consumer Issues
Topic: MetroPCS vs. T-Mobile
Replies: 6
Views: 967

MetroPCS vs. T-Mobile

Hi. We currently have phone service from T-Mobile for $80 / month. We own our phones outright. "2 Lines TMO ONE All In Promo" $110 monthly cost (10) with autopay (20) with kickback $10 off per line if less than 2 GB of data used (discontinued, but we are grandfathered in) $80 net monthly cost I am c...
by Rainmaker41
Mon Apr 23, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor but have funds that were set up for me as a minor. Just now taking control of them.
Replies: 7
Views: 907

Re: New Investor but have funds that were set up for me as a minor. Just now taking control of them.

I’d like to chime in and say that I think your commitment to living below your means, presumably taught to you by your dad if his provisions for you are any indication, is of great value. That you are showing this interest in those investments from the mindset of being a good steward of them demonst...
by Rainmaker41
Mon Apr 23, 2018 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 121
Views: 8883

Re: Vanguard Web Site Down?

Down for about 45 minutes since I started trying to get in. IT maintenance needed. Growth does existing customers-owners nothing; costs are already low but account access suffers.
by Rainmaker41
Thu Apr 19, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 31308

Re: How old are you and how much do you save for retirement a year

Married Filing Joint, age 27. In 2018 we’ll make $82k and contribute $48k to retirement accounts, with a cash on hand reduction of $5k, for net savings of $43k or about 51% of gross income.

No kids or mortgage, and we have a cheap apartment for our city.
by Rainmaker41
Wed Apr 18, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Change to all pre-tax for max Saver's Credit in 2018? (not 2017 taxes)
Replies: 4
Views: 751

Re: Change to all pre-tax for max Saver's Credit in 2018? (not 2017 taxes)

Thanks. I like that graph.

We'll re-characterize enough Roth IRA contributions at the end of 2017 to come just under the $38k AGI cliff and get a credit for all 2017 Federal tax as you suggested. I've halted Federal tax withholding going forward for that.
by Rainmaker41
Wed Apr 18, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: I want to pay off my mortgage. Am I crazy?
Replies: 54
Views: 6074

Re: I want to pay off my mortgage. Am I crazy?

Pay it off. If you decide you don't like not having a mortgage, you can always get another one from the bank later. Congratulations.
by Rainmaker41
Mon Apr 16, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice with 2017 Roth IRA contribution
Replies: 2
Views: 240

Re: Need advice with 2017 Roth IRA contribution

Just get your 2017 contribution in by the deadline into a cash money market fund or something and then worry about the allocation if you can't decide now.
by Rainmaker41
Sat Apr 14, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 6592

Re: Could you support family on 1 income?

Yes, but we are married with no children. When we started our joint household & got married, we chose an apartment and built our expenses around one job, because the other person was moving and would look for work. The second job was secured more quickly than we had expected though. We joke that the...
by Rainmaker41
Sat Apr 14, 2018 6:12 am
Forum: Investing - Help with Personal Investments
Topic: Funding an IRA (Roth & SEP) at last-minute before tax deadline
Replies: 6
Views: 515

Re: Funding an IRA (Roth & SEP) at last-minute before tax deadline

Open and fund the Roth IRA anywhere. You can move the funds later. If you add funds to your Vanguard IRA, won’t it show as 2017 if you select that at the time the transaction is initiated, even if the transfer takes some time?
by Rainmaker41
Fri Apr 13, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 138
Views: 24583

Re: Is it time to dump high yield savings for prime money market?

Cash is cash. Money Market Fund is near-cash, but is not the same. Is a 0.1% interest rate advantage worth the risk of the MMF having a redemption gate imposed during a financial crisis?
by Rainmaker41
Fri Apr 13, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 8219

Re: Why traditional IRA better than Roth IRA

I agree with the above assessment that Roth is better than Traditional at low brackets. However, doesn't the calculus change substantially if you can get under one of the Saver's Credit tiers? Example: A married couple at at $38,000 AGI pays $1,400 in federal income taxes in 2018. If they get just u...
by Rainmaker41
Fri Apr 13, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Change to all pre-tax for max Saver's Credit in 2018? (not 2017 taxes)
Replies: 4
Views: 751

Re: Change to all pre-tax for max Saver's Credit in 2018? (not 2017 taxes)

Thanks for the input. It seems as though the optimum way to get the saver’s credit to knock out all federal income tax is to come in just below the $38,000 AGI cliff. Going any lower doesn’t save any Federal tax and only reduces state tax. So, I guess only recharacterize enough at the end of 2018 to...
by Rainmaker41
Thu Apr 12, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Change to all pre-tax for max Saver's Credit in 2018? (not 2017 taxes)
Replies: 4
Views: 751

Change to all pre-tax for max Saver's Credit in 2018? (not 2017 taxes)

Change to all pre-tax for max Saver's Credit in 2018? (not 2017 taxes) Situation Cash: 6 months of expenses plus $9k surplus cash projected end of 2018 Debt: $0 Income: $81k Tax Filing Status: Married Filing Jointly Marginal Tax Rates: 10% Federal (most 403b savings in 12% bracket), 6% State Age: 2...
by Rainmaker41
Sat Apr 07, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 15826

Re: How much cash do you keep at any time on checking?

1 month of expenses in checking at the start of the month.
6 months of expenses plus upcoming big items in savings.
by Rainmaker41
Sat Apr 07, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 16211

Re: Parents have zero savings. What can I do?

I agree with the ideas expressed above that aid to family members should be: 1. Given only with agreement of spouse/family & big-picture/long-term understanding of what the end game is. 2. Necessary for the material well-being of the receiver (keeping them above poverty). 3. "Last-dollar" after publ...
by Rainmaker41
Fri Mar 09, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: No hot air or hot water, what are my options with the landlord?
Replies: 20
Views: 1002

Re: No hot air or hot water, what are my options with the landlord?

You may find this informative. I am not in the slightest a lawyer, but this seems to give you a lot to stand on.

http://www.state.nj.us/dca/divisions/co ... ablity.pdf

Source:

http://www.state.nj.us/dca/divisions/co ... ation.html
by Rainmaker41
Mon Mar 05, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: What will you do with your tax refund?
Replies: 87
Views: 6402

Re: What will you do with your tax refund?

Nothing. 2017 tax refunds were counted as 'cash receivable' on our end of 2017 household balance sheet. We do our annual budgeting of savings and expenses based on annual income & tax liability to end the year with the correct cash reserve, so any refunds are not windfalls. We'll get our 2018 refund...
by Rainmaker41
Wed Feb 28, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 15826

Re: How much cash do you keep at any time on checking?

At the start of every month:

1 month’s expenses in checking (rent then paid out of this)
$0 on credit cards

6 months’ expenses in savings & CDs
$ for upcoming big purchases in savings

Everything else in retirement accounts
by Rainmaker41
Fri Feb 09, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Is there a way to figure 2018 taxes?
Replies: 18
Views: 2627

Re: Is there a way to figure 2018 taxes?

This one works well for regular Federal income, capital gains, etc. I'm not aware of a Social Security one.

https://www.calcxml.com/calculators/tru ... calculator
by Rainmaker41
Thu Jan 18, 2018 10:45 pm
Forum: Personal Consumer Issues
Topic: Tax software needed: two states & capital loss
Replies: 3
Views: 369

Tax software needed: two states & capital loss

Hello. We need to file taxes for 2017 with the following parameters: 1. Federal Married Joint Report both a capital gain and a capital loss for a net short term capital gain 2. Mock-up federal married filing separate to inform the preparation of: 3. State 1 partial year for spouse A, married filing ...
by Rainmaker41
Thu Jan 11, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 71
Views: 4733

Re: Poll: BHs who rent - what % of gross do you spend on rent?

19.4% of gross household income in a high cost of living city. (includes heating & water) We (couple) rent a comparatively cheap studio in a building whose price is about 78% of the average for the city. Our income is slightly above the city's median household income, but we have no kids. In other w...
by Rainmaker41
Wed Jan 10, 2018 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help with choosing funds in new 403b
Replies: 1
Views: 202

Help with choosing funds in new 403b

My wife is starting a new job, and we would like to check our planned funds for the new 403b. Situation Emergency funds: 6 months’ expenses Debt: $0 Tax Filing Status: Married Filing Jointly Marginal Tax Rates: 12% Federal, 6% State State of Residence: DC Age: 27 Desired Asset allocation: 80% stock ...
by Rainmaker41
Fri Jan 05, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: End of December 401K Contribution hitting 2018?
Replies: 12
Views: 648

Re: End of December 401K Contribution hitting 2018?

Plan contributions count as of the payday for taxes & contribution limit, but are not contributed and invested until funds are actually deposited with the plan. The pay-stub is authoritative. In your 401k account, can you run a report of 2017 total contributions, and does that agree with your end-20...
by Rainmaker41
Wed Jan 03, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: 403b error: over-contribution vs. deductions & late deposits
Replies: 0
Views: 110

403b error: over-contribution vs. deductions & late deposits

I have something of an interesting puzzle here. I have discovered that employee contributions to my 403b account during 2017 exceeded deductions on my pay-stubs by an amount well under (less than) $1,000. This is not due to the employer match; that is accounted for separately and was made in the cor...
by Rainmaker41
Tue Jan 02, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 165
Views: 19250

Re: Max It Out Tomorrow [your IRA]

We just submitted the orders to contribute $11,000 to our Roth IRAs. :) This was a momentous occasion, because we will probably never again have substantial taxable assets beyond cash reserves on hand. We just happened to have a large surplus due to 2017 expenses being lower than anticipated. Going ...
by Rainmaker41
Mon Jan 01, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Review our Investment Policy Statement
Replies: 1
Views: 316

Review our Investment Policy Statement

Hello Boglehead Community. Please review this Investment Policy Statement. :happy Investment Policy Statement 2018 Investment Objectives Financial Independence by age 60 (end of 2050) - $1,500,000 (2018 dollars) portfolio at age 60 - $60,000 (2018 dollars) annual withdrawal age 60-100, including $34...
by Rainmaker41
Mon Jan 01, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Maxing out 401k Contributions
Replies: 11
Views: 1100

Re: Maxing out 401k Contributions

Put 10%. The payroll software should stop the contributions once the $18,500 maximum is reached (it would at my employer). If it does not, your employer will have to fix the issue, and that will serve as incentive to allow $ amounts on the form in the future. To protect yourself even more, on the fo...
by Rainmaker41
Sun Dec 31, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Plan w/not great options. Is BASMX decent enough to survive on?
Replies: 8
Views: 482

Re: 403b Plan w/not great options. Is BASMX decent enough to survive on?

I also have a small nonprofit 403b. The ERs of the S&P500, mid, and small cap index funds are .42. An ER of .33 is good by that standard.
by Rainmaker41
Wed Dec 20, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 12 month CD now 2.00%
Replies: 64
Views: 14593

Re: Ally Bank 12 month CD now 2.00%

Just put a chunk of our cash reserve into this.
by Rainmaker41
Fri Dec 15, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA Holders: How Many Of You Max Your Contribution On January 1st?
Replies: 41
Views: 3908

Re: ROTH IRA Holders: How Many Of You Max Your Contribution On January 1st?

Normally we will put $11k in Roth IRAs over the year evenly, and put what is not needed into work retirement plans. However, we didn't have to spend as much as we anticipated during 2017, so we have too much cash lying around. We have the unusual opportunity to max out the IRAs at the start of 2018....
by Rainmaker41
Thu Dec 14, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing out my TSP while deployed
Replies: 7
Views: 1275

Re: Maxing out my TSP while deployed

The $18,500 annual limit is aggregated across all employee pre-tax and Roth contributions under age 50. I don't know anything about contributions from tax-exempt from deployment pay, so I can't comment on that.
by Rainmaker41
Thu Dec 07, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Help with automating all month-to-month bills
Replies: 10
Views: 1205

Re: Help with automating all month-to-month bills

Rent: Paid manually by ACH pull. - No ACH push option, and the autopay agreement had all kinds of restrictive language in it. Electricity: Paid manually by ACH push from checking - Credit Card would incur a fee. Internet: autocharged to credit card Phones: autocharged to credit card Credit Cards: Pa...
by Rainmaker41
Wed Dec 06, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: "Financial Shock" wealth
Replies: 33
Views: 6749

Re: "Financial Shock" wealth

Great article. Thanks for sharing. This really puts things in perspective and makes me feel fortunate.
by Rainmaker41
Tue Dec 05, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio checkup & review 2018 fiscal plan (now married)
Replies: 4
Views: 767

Re: Portfolio checkup & review 2018 fiscal plan (now married)

After consideration, we have decided on Plan C. We will fill up at a minimum 2 Roth IRAs and 1 403(b) in 2018. If a second 403(b) becomes available (probably along with somewhat more income), we will fill that up during 2018, which will draw down most of our excess cash by the end of the year. We'd ...
by Rainmaker41
Wed Nov 22, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: New Roth IRA @Vanguard, 80/20, which funds to choose?
Replies: 16
Views: 1699

Re: New Roth IRA @Vanguard, 80/20, which funds to choose?

I second the suggestion above of LifeStrategy Growth VASGX.
by Rainmaker41
Fri Nov 17, 2017 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio checkup & review 2018 fiscal plan (now married)
Replies: 4
Views: 767

Re: Portfolio checkup & review 2018 fiscal plan (now married)

Interesting on both points. I hadn't seriously considered a taxable account for *investing* purposes before, thinking we'd always have enough 401k space.
by Rainmaker41
Thu Nov 16, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio checkup & review 2018 fiscal plan (now married)
Replies: 4
Views: 767

Portfolio checkup & review 2018 fiscal plan (now married)

Hello Bogleheads! Following several positive changes for us in the second half of 2017 (jobs, apartment, got married), we can make fairly reasonable projections for the 2018 tax year. I’d like to take this opportunity for a general portfolio checkup and to bounce my thinking off the community here. ...