Search found 938 matches

by spammagnet
Sun Dec 09, 2018 12:13 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3066
Views: 599063

Re: What's Your Credit Card Rewards Strategy?

TravelforFun wrote:
Sun Nov 18, 2018 7:02 pm
Schwab would give you $2,400 if you add $1 million to your Schwab account.
0.24% for the hassle of opening a new brokerage account and transferring $1,000,000?
by spammagnet
Sun Dec 09, 2018 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18450

Re: Teachers Who Have Net Worth of $1 million +

Yellowhouse wrote:
Sat Dec 08, 2018 10:33 pm
Remind me again why the public thinks teachers aren't paid well?
Because it's more common that they're poorly or marginally paid.
by spammagnet
Thu Dec 06, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Realize Losses vs Pay More Taxes
Replies: 7
Views: 664

Re: Realize Losses vs Pay More Taxes

Why would I want to realize a $30,000 loss instead of just paying an extra $6,000-$8,000 to the IRS? You can reinvest the realized cash while the market is still at the same level. You end up with a paper loss but still hold essentially the same amount in investments. Avoid a wash sale. If you sell...
by spammagnet
Tue Nov 27, 2018 11:44 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2340
Views: 1467818

Re: The Three-Fund Portfolio

To my knowledge, I have never discussed small differences in Total Market Index Funds offered by various companies. Can you give an example? Taylor, I'll look for the reference but I think it had to do with the amount of turnover in one fund vs another (generating capital gains), and the total numb...
by spammagnet
Tue Nov 27, 2018 8:54 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2340
Views: 1467818

Re: The Three-Fund Portfolio

In my opinion, the simplicity of having all our securities with one good company (like Fidelity) is much more important than a few basis points saved in Expense Ratios. Taylor, I appreciate and follow that worthwhile advice. What I was asking was whether the Fidelity Zero funds are better than thei...
by spammagnet
Mon Nov 26, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo failure tolerance?
Replies: 54
Views: 3737

Re: Monte Carlo failure tolerance?

Here's one that runs VPW, any PMT based one, Guyton-Klinger, ARVA, Clyatt, constant dollar, constant percentage, EarlyRetirementNow's CAPE-based thing, Bengen's Floor & Ceiling, Walton's Tilted Withdrawals, McClung's EM & ECM, IRS RMDs, Gummy's Sensible Withdrawals, Blanchett's Simple Formula, Stou...
by spammagnet
Mon Nov 26, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo failure tolerance?
Replies: 54
Views: 3737

Re: Monte Carlo failure tolerance?

AlexisAtEasternState wrote:
Mon Nov 26, 2018 6:33 pm
As others have alluded to, Monte Carlo simulations assume returns are i.i.d. while in reality they are not.as a % of portfolio.
i.i.d.?
by spammagnet
Mon Nov 26, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo failure tolerance?
Replies: 54
Views: 3737

Re: Monte Carlo failure tolerance?

I appreciate your thoughtful correspondence.
by spammagnet
Mon Nov 26, 2018 12:30 am
Forum: Investing - Theory, News & General
Topic: Monte Carlo failure tolerance?
Replies: 54
Views: 3737

Monte Carlo failure tolerance?

When running Monte Carlo simulations to model portfolio success or failure, what level of failure do you consider acceptable? 0%? 2%? 5%? 10%? Clearly that's a personal choice but sharing the rationale for your choice would be informative to me (and, I think, others).

Thanks
by spammagnet
Mon Nov 26, 2018 12:19 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2340
Views: 1467818

Re: The Three-Fund Portfolio

Mndiver: According to Morningstar, your international managed fund (FTIEX) has a 10-year cost projection of $1,398 which comes out of your return. Thanks to competition from Vanguard, Fidelity recently introduced an international index fund (FZILX) with "zero" cost. Talk to Fidelity about switching...
by spammagnet
Sun Oct 28, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Vehicle to vacation w/dogs (staying in hotels/VRBOs)
Replies: 32
Views: 2496

Re: Vehicle to vacation w/dogs (staying in hotels/VRBOs)

Please note the word "also" in my post. I understood what you meant, and was additionally pointing out that for vehicles where this is not available in the computer (which as far as I have seen, is only on vehicles with keyless ignition), it can be added inexpensively. My apologies for not reading ...
by spammagnet
Sat Oct 27, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Headlamp for dog walking
Replies: 32
Views: 2400

Re: Headlamp for dog walking

Not a headlamp, but Flexi makes an LED disk light that attaches to a reel leash with velcro. The leash reel becomes the flashlight. It works well and frees up your hand. It won't light your way down the street but does light the area at your feet very brightly. It's easily seen by drivers. I also us...
by spammagnet
Sat Oct 27, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: How many of you have cut the cord?
Replies: 244
Views: 28153

Re: How many of you have cut the cord?

You have better/quicker 911 access/response with a "land line"- IIRC cell phones go to the nearest tower-If you can't speak they don't know your exact location. ... I did not know that. Will that improve with time as more landlines are turned off. 911 location may involve the GPS chip on your cell ...
by spammagnet
Sat Oct 27, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Tax Hump vs. Tax Torpedo
Replies: 25
Views: 3429

Re: Social Security Tax Hump vs. Tax Torpedo

Does anyone have any experience with the software mentioned? Is there any real value to it? I have personal experience with both and, in my opinion, both have real value. I continue to use Maxifiplanner. I have not continued my subscription to Incomestrategy because it costs more than I'm willing t...
by spammagnet
Sat Oct 27, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Tax Hump vs. Tax Torpedo
Replies: 25
Views: 3429

Re: Social Security Tax Hump vs. Tax Torpedo

I just came across this article from the Journal of Financial Planning on Tax Torpedo: https://www.onefpa.org/journal/Pages/JUL18-Understanding-the-Tax-Torpedo-and-Its-Implications-for-Various-Retirees.aspx The authors of that article developed this software to optimize issues related to torpedo: h...
by spammagnet
Sat Oct 27, 2018 7:03 am
Forum: Personal Consumer Issues
Topic: Vehicle to vacation w/dogs (staying in hotels/VRBOs)
Replies: 32
Views: 2496

Re: Vehicle to vacation w/dogs (staying in hotels/VRBOs)

Looks like this can also be added to a lot of models with keyed ignitions: https://www.secure-idle.com/install.html The feature I referred to is not added-on hardware. It takes advantage of the standard shift-lock security functionality that you use when the vehicle is in Park and the ignition is o...
by spammagnet
Fri Oct 26, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Vehicle to vacation w/dogs (staying in hotels/VRBOs)
Replies: 32
Views: 2496

Re: Vehicle to vacation w/dogs (staying in hotels/VRBOs)

If you leave the keys in the ignition you should check to see if your insurance will cover the truck if someone steals it when you left the keys in the ignition. As I recall most policies require that you use reasonable care to secure the car. F150s (and possibly other models) have an option called...
by spammagnet
Thu Oct 25, 2018 11:39 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut the cord?
Replies: 244
Views: 28153

Re: How many of you have cut cord?

22twain wrote:
Tue Oct 16, 2018 10:56 pm
... A TiVo lets us record stuff in advance and skip over most commercials. ...
I also have a TiVo and very much like it, but it's not free, even if you bought a lifetime subscription. (The amortized cost is low, but non-zero.)
by spammagnet
Thu Oct 25, 2018 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3066
Views: 599063

Re: What's Your Credit Card Rewards Strategy?

How does one play the game for two per person? Player 1 refers Player 2. Player 1 gets 20,000 point bonus immediately upon the first use of the new account by Player 2. Player 2 gets the standard 80K new account bonus after completing the minimum spending requirement. Total between players is 100K,...
by spammagnet
Sun Oct 07, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of running a one-person S-corp without an accountant
Replies: 7
Views: 877

Re: Mechanics of running a one-person S-corp without an accountant

2) Currently Paychex withholds taxes out of each monthly paycheck (enough to cover both wages and distributions) and sends those to the appropriate tax collection authorities. If she were to stop using Paychex, how would we handle monthly tax withholding, and a W-2 form at the end of the year? Woul...
by spammagnet
Sun Oct 07, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3066
Views: 599063

Re: What's Your Credit Card Rewards Strategy?

Thanks for the explanation. Knowing that, I won't try to upgrade back to Sapphire Reserve. I will do either of the following unless someone has a better idea: 1. Open Chase Ink Business Preferred for the 80k point welcome bonus, move my current points there and cancel the Sapphire Preferred 2. Move...
by spammagnet
Fri Oct 05, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3066
Views: 599063

Re: What's Your Credit Card Rewards Strategy?

Thanks for sharing this. I have now CSP, and plan to upgrade it to CSR next year. I would have around 70K UR points right before i ask for an upgrade. My question to you is would my existing CSP 70K UR points would worth 1.5 cents each instead of the current 1.25 after upgrading? thanks! Yes, they ...
by spammagnet
Mon Oct 01, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3066
Views: 599063

Re: What's Your Credit Card Rewards Strategy?

I'm sure I could get more bang for my buck with Chase Sapphire but still can't wrap my head around the annual fee. Both husband and I use a Citicard for 99% of purchases. On a long enough timeline it generates enough points to serve its purpose. ... We took your approach for years for simplicity an...
by spammagnet
Fri Sep 14, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Income Strategy website/software?
Replies: 16
Views: 2210

Re: Has anyone used Income Strategy website/software?

.. does a MAGI of $319,800 have some special significance? Is it a break point for taxes or something related? ... I found the answer to my own question. First, it's 319,998.00, not 319,800.00. Second, It's the level at which IRMAA Medicare premiums go to $428.60. Why that level was specified, rath...
by spammagnet
Fri Sep 14, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Income Strategy website/software?
Replies: 16
Views: 2210

Re: Has anyone used Income Strategy website/software?

Having more free time since retirement, I've played with the software some. An intro session from their software support staff, along with a couple of followup questions, have provided some insight into how it operates. The UI is not the friendliest I've ever used but, once you understand how it wor...
by spammagnet
Fri Sep 14, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Personal Capital, Mint, Tiller, or You Need a Budget?
Replies: 52
Views: 9173

Re: Does anyone use Personal Capital, Mint, Tiller, or You Need a Budget?

So I installed the Personal Capital app today, but it turns out you cannot change your password from the app, only your email address, phone number and optional PIN. Searching the online help shows a picture of doing it via their website, but going to the website just redirected me to use the app i...
by spammagnet
Sun Aug 26, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4434

Re: Suggestions for a Generous Grandparent?

We have only 2 children and are nowhere near having grandchildren. When the occasion arises, though, we will view gifts to grandchildren as being distinct from gifts to children. A contribution to a grandchild's college fund is just that. The intent is not to indirectly benefit our child's retiremen...
by spammagnet
Sun Aug 26, 2018 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4434

Re: Suggestions for a Generous Grandparent?

Here's another idea. Something like (or actually) the Pennsylvania Guaranteed Savings Plan, which is essentially a prepaid college plan. She can buy prepaid credits for each grandkid. This would work around the problem of less time for the older kids money to grow. And would be fair...each grand ki...
by spammagnet
Sat Aug 25, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is forming a LLC necessary for an independent contractor
Replies: 17
Views: 1660

Re: Is forming a LLC necessary for an independent contractor

Assuming salary levels that do not constitute tax evasion, does the S-corp's ability to contribute 25% of W2 earnings, combined with potentially reduced payroll taxes, not provide some net benefit at some level of LLC income? That's probably not in the range of the OP's hairstylist daughter, but can...
by spammagnet
Sat Aug 25, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is forming a LLC necessary for an independent contractor
Replies: 17
Views: 1660

Re: Is forming a LLC necessary for an independent contractor

Not advising whether or not an LLC is necessary or advisable but you can elect for a single member LLC to be taxed as a corporation. There may be benefits to doing so, related to tax-deferred savings accounts and pass-through deductions.

Do the math.
by spammagnet
Fri Aug 24, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10878

Re: Take auto loan 0.9% if I can afford cash?

Because the manufacturer and the dealer are not the same entity, and do not necessarily have the same incentives. The manufacturer’s captive financing arm needs business and is driven by # of loans written; the dealer is driven by # of cars sold. So the financing arm will offer the dealer an incent...
by spammagnet
Mon Aug 20, 2018 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10878

Re: Take auto loan 0.9% if I can afford cash?

I will retire this year and buy a new (to us) car next year. We have little in the way of taxable investments. Large purchases require lump sum withdrawals from tax-deferred accounts, taxed at the marginal rate. We'll be in a higher bracket for a few years while DW continues to work. By taking a loa...
by spammagnet
Sun Aug 19, 2018 11:32 pm
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 243
Views: 56308

Re: A Returns Spreadsheet for Bogleheads

When the last provided account balance is $0, the spreadsheet doesn't report an error when the contribution/withdrawal/balance of succeeding months aren't provided. What's the easiest way to adopt v1.9 if I have a lot of data in 1.8? As I will be closing some accounts soon, it probably would be adv...
by spammagnet
Sat Aug 18, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Income Strategy website/software?
Replies: 16
Views: 2210

Re: Has anyone used Income Strategy website/software?

I suggest you call them for some pointers on how to work with the program. They worked with me for about an hour at no charge to get a handle on how to make various changes. I'm certain your social security claiming strategy can be changed; however, the default is what will result in the most dolla...
by spammagnet
Sat Aug 18, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment Decision After Divorce- Please evaluate my thinking
Replies: 33
Views: 3455

Re: Apartment Decision After Divorce- Please evaluate my thinking

Take what's available. You may find you have no reason to move, even if the opportunity becomes available.
by spammagnet
Sat Aug 18, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Rental home and paying off debt by refinancing primary home cash out
Replies: 9
Views: 878

Re: Rental home and paying off debt by refinancing primary home cash out

I'm not debt-averse as some are but I would be very uncomfortable pledging my primary residence for an investment of any kind.
by spammagnet
Sat Aug 18, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18450

Re: Teachers Who Have Net Worth of $1 million +

cusetownusa wrote:
Sat Aug 18, 2018 1:18 pm
... Are you counting pensions in net worth? ...
Valuation methods may vary but that seems like a reasonable way to compare the value of a pension to the value of accumulated assets held by someone without a pension.
by spammagnet
Sat Aug 18, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Income Strategy website/software?
Replies: 16
Views: 2210

Re: Has anyone used Income Strategy website/software?

Prompted by this thread, I subscribed to the basic plan. Being able to cancel at any time makes that a low ante. I have a lot of experience with MaxiFi (primarily through its predecessor, ESPlanner Plus) and find its theoretical basis more appealing to my way of thinking. Instead of defining a desir...
by spammagnet
Fri Aug 10, 2018 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 9681

Re: Biggest Threats to Financial Well-Being

I wouldn't list death on there. Maybe for your family, but with sufficient life insurance death is probably a financial windfall for them. Actually the risk to you, personally, is longevity. Agree that longevity is the greater financial risk. Disagree that life insurance should be viewed as a windf...
by spammagnet
Mon Aug 06, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: What prevents residential real estate buyers from colluding to bring down prices?
Replies: 32
Views: 2735

Re: What prevents residential real estate buyers from colluding to bring down prices?

Buyer collusion is prevented by the fact that all of them want it but only best bidder gets it.
by spammagnet
Sun Aug 05, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2940

Re: Pulled the trigger

... Just out of curiosity, if you care to share whether you've done anything in particular to address sequence-of-return risk early in retirement, I suspect that would also be of interest. Congrats! Thanks, and good luck to you in your plans, as well. With respect to sequence-of-returns risk, I wil...
by spammagnet
Sun Aug 05, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2940

Re: Pulled the trigger

Given your age and given that the bulk of your assets are in tax-deferred accounts, it's a good idea to make sure you understand the RMD requirements for your 401K/IRA and your wife's also. You have a few years before age 70 and it may make sense to get some of those funds into a Roth IRA. Same goe...
by spammagnet
Sun Aug 05, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2940

Re: Pulled the trigger

MandyT wrote:
Sun Aug 05, 2018 11:35 am
Congratulations! This is probably obvious, but it's probably a good idea to stay attuned to how your wife feels about things to head off any possible resentment.
I agree with the there importance of spousal agreement. This was a mutual decision.
by spammagnet
Sat Aug 04, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16236

Re: Will you pay for your kids' college/graduate education?

I'm curious how much will you support your kids. ... If you are supporting, are you also paying for other expenses? DW and I were both in the first generation of our families to go to college. We were able to attend only because we got need-based financial aid, minimal loans and family support. (I ...
by spammagnet
Fri Aug 03, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5903

Re: Comfort level with Credit Card Balance

By paying the statement balance, I've had, in effect, a permanent interest-free loan from my bank for the past 20 years. This is turning into a perplexing thread. All solvent people pay the statement balance -- what was owed at the close of the statement period. Additional charges accrue after the ...
by spammagnet
Fri Aug 03, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5903

Re: Comfort level with Credit Card Balance

Sorry for the confusion, but yes this is what I mean. I pay more than the "statement balance" of the previous month therefore do not incur any interest costs. Why pay more than the statement balance? Paying the statement balance in full avoids interest, as long as the previous balance was $0 or you...
by spammagnet
Fri Aug 03, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5903

Re: Comfort level with Credit Card Balance

Just wondering what's everyone's comfort level is with their credit card balance. I used to pay off my credit card balance every month but have been focusing on saving for a down payment for a duplex therefore my credit card isn't getting paid in full each month. I haven't had to pay CC interest fo...
by spammagnet
Fri Aug 03, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2940

Re: Pulled the trigger

Silk McCue wrote:
Fri Aug 03, 2018 3:12 pm
Congratulations on your step off the cliff.
I've used the same metaphor but, no, I still feel like I'm in freefall.
by spammagnet
Fri Aug 03, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2940

Pulled the trigger

I just turned in my resignation for retirement for early next month. I'm 63. There is some sense of trepidation but double/triple/quadruple checking my calculations using multiple tools makes it seem alright. I may pick up some contract gigs because it's interesting, potentially lucrative, and I'd a...
by spammagnet
Mon Jul 30, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 5424

Re: Air Conditioning? [How to finance?]

chrischris wrote:
Mon Jul 30, 2018 12:19 am
How long is the 0% APR offer on cards these days?
12-15 months, it seems:
https://www.bankrate.com/credit-cards/0 ... cards.aspx