Search found 102 matches

by big bang
Thu Oct 22, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff rental mortgages?
Replies: 46
Views: 2431

Re: Payoff rental mortgages?

gr7070 wrote: Thu Oct 22, 2020 11:38 am I'd pay off both #2s.

After that I'd go with personal #1 and/or taxable increasing.
I recommend this one too.
by big bang
Wed Oct 21, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Coverage
Replies: 17
Views: 1033

Re: LTC Coverage

Without knowing the other policy details, I'd say that is still an extremely good price and you can't even get an unlimited benefit anymore. If the policy has a COLA/inflation increase benefit, you're pretty much stealing from the insurance company. Even for a 5-year benefit on a new policy you'd b...
by big bang
Wed Oct 21, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Coverage
Replies: 17
Views: 1033

Re: LTC Coverage

Can LTC providers just raise rates anytime they want on existing policies? Doesn’t quite seem fair. On old policies, basically yes. I believe that most states now regulate the premium increases on newer policies. That doesn't mean that they can't go up because they sometimes do, but they have to de...
by big bang
Tue Oct 20, 2020 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Coverage
Replies: 17
Views: 1033

LTC Coverage

Received a rate increase notification;
Location: HCOL
Ages 62 / 63
Daily benefit amount: $161
Total Lifetime Benefit: Unlimited
Premium: approx. $1,000 a year for each of us.
Is it a reasonable policy?
Thank you!
by big bang
Fri Oct 09, 2020 6:20 pm
Forum: Personal Investments
Topic: Fidelity U.S. Bond Index Fund (FXNAX)
Replies: 13
Views: 796

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Thanks to Bogleheads that I don't hold the bond fund in my taxable account. Phew...capital gains.... How much per $10,000? It's paying short-term capital gain of 0.034 per share and long-term capital gain of 0.061 per share So that's in total of 0.095 per share Based on todays price of $12.42 that'...
by big bang
Fri Oct 09, 2020 5:52 pm
Forum: Personal Investments
Topic: Fidelity U.S. Bond Index Fund (FXNAX)
Replies: 13
Views: 796

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Thanks to Bogleheads that I don't hold the bond fund in my taxable account.
Phew...capital gains....
by big bang
Fri Oct 09, 2020 5:41 pm
Forum: Personal Investments
Topic: Fidelity U.S. Bond Index Fund (FXNAX)
Replies: 13
Views: 796

Re: Fidelity U.S. Bond Index Fund (FXNAX)

Yes okay. The message is showing up now:
A short-term capital gain of 0.034 per share and long-term capital gain of 0.061 per share, declared on 10/09/2020, will be posted to your account on 10/12/2020.
Thank you!
by big bang
Fri Oct 09, 2020 5:36 pm
Forum: Personal Investments
Topic: Fidelity U.S. Bond Index Fund (FXNAX)
Replies: 13
Views: 796

Re: Fidelity U.S. Bond Index Fund (FXNAX)

That's what I thought.
But I cant find evidence for that anywhere.
Where I can see that information?
by big bang
Fri Oct 09, 2020 5:31 pm
Forum: Personal Investments
Topic: Fidelity U.S. Bond Index Fund (FXNAX)
Replies: 13
Views: 796

Fidelity U.S. Bond Index Fund (FXNAX)

Down 0.80%
Why it dropped so much today?
I compere it to iShares Core U.S. Aggregate Bond ETF (AGG), and its up today by 0.03%
Isn't that strange?
by big bang
Thu Aug 20, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity card fraud
Replies: 36
Views: 3976

Re: Fidelity card fraud

...When calling the card company, I learned that they requested a new replacement card with the same account number to be sent to a different address and they also added a travel notice to Canada. The charge was made from Ontario Canada. I don't understand how/why they would send a replacement card...
by big bang
Thu Aug 20, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity card fraud
Replies: 36
Views: 3976

Re: Fidelity card fraud

Since yesterday I did the following: Fidelity account - changed user name, changed password, setup two way authentication, set up my cell phone number with all the account alerts and locked all accounts so no transfers can be made. Fidelity credit card - setup all activity alerts and security alert...
by big bang
Wed Aug 19, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity card fraud
Replies: 36
Views: 3976

Re: Fidelity card fraud

Since yesterday I did the following: Fidelity account - changed user name, changed password, setup two way authentication, set up my cell phone number with all the account alerts and locked all accounts so no transfers can be made. Fidelity credit card - setup all activity alerts and security alerts...
by big bang
Tue Aug 18, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity card fraud
Replies: 36
Views: 3976

Re: Fidelity card fraud

My experience is that whenever you update your phone, e-mail, or address that all places send at least an e-mail and often a text that you have done so to the old e-mail, address, or phone number. I am not sure if this is how you caught the bogus charge or if you were just casually looking for bogu...
by big bang
Tue Aug 18, 2020 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity card fraud
Replies: 36
Views: 3976

Fidelity card fraud

So my card was compromised and they made a large fraudulent charge to the account. When calling the card company, I learned that they requested a new replacement card with the same account number to be sent to a different address and they also added a travel notice to Canada. The charge was made fro...
by big bang
Mon Jul 27, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance - locked and want to change my mind. Is it possible?
Replies: 3
Views: 749

Mortgage refinance - locked and want to change my mind. Is it possible?

Hello friends,
I was shopping around for a mortgage refinancing in the last few days.
Earlier today I finally locked with Loan Depot and paid them for running our credit report.
This afternoon AimLoan came back with a better offer.
Can I change my mind?
What are my options?
I appreciate your input.
by big bang
Mon Apr 27, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Traveling nurse
Replies: 4
Views: 709

Re: Traveling nurse

Thank you!
Is there anything else that she needs to be aware regarding taxes?
by big bang
Mon Apr 27, 2020 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Traveling nurse
Replies: 4
Views: 709

Traveling nurse

A family friend received a three month assignment during this corona virus period. The assigned location is more than 100 miles from her home base. Do any of you know if she is supposed to receive a 1099 at the end of the year? At tax time, what type of expenses she can deduct against this income (a...
by big bang
Mon Mar 23, 2020 2:50 pm
Forum: Personal Investments
Topic: TLH plan exchange IVV to what?
Replies: 2
Views: 106

TLH plan exchange IVV to what?

Hello bogleheads,
I have losses with IVV (iShares Core S&P 500 ETF) and I would like to Tax Los Harvest.
To which fund or ETF I can exchange to, so I can stay as close as possible to this index without triggering a wash sale?
Thank you for the advice and stay safe!
by big bang
Mon Mar 23, 2020 2:25 pm
Forum: Personal Investments
Topic: Exchange IXUS to IEFA is that a wash sale?
Replies: 8
Views: 332

Re: Exchange IXUS to IEFA is that a wash sale?

Thank you all for the information. Just wanted to make sure that I was going to do the right thing.
Order executed. Exchange completed!
Thank you again for the assistance.
by big bang
Mon Mar 23, 2020 12:46 pm
Forum: Personal Investments
Topic: Exchange IXUS to IEFA is that a wash sale?
Replies: 8
Views: 332

Re: Exchange IXUS to IEFA is that a wash sale?

Thank you WhoDidntAnte

Anyone else to comment on this move before I make the move?
by big bang
Thu Mar 19, 2020 12:39 pm
Forum: Personal Investments
Topic: Exchange IXUS to IEFA is that a wash sale?
Replies: 8
Views: 332

Exchange IXUS to IEFA is that a wash sale?

Hello bogleheads,
I currently have IXUS (iShares Core MSCI Total International Stock ETF) in my taxable account which has a loss and I want to do Tax Loss Harvesting.
Can I but immediately IEFA (iShares Core MSCI EAFE) without being subject to the Wash Sale Rule?
Appreciate the advice.
Stay safe!
by big bang
Fri Feb 14, 2020 1:03 pm
Forum: Investing - Theory, News & General
Topic: How To Calculate Returns On a Rental Property
Replies: 22
Views: 1244

Re: How To Calculate Returns On a Rental Property

From a pure business perspective, adequate net monthly cash flow is a must. Nothing else pays the bills and profits. In real business life, keep it simple is a good path. Lot's of ways of approaching these things. j :happy I agree too that positive cash flow is the most important factor in real est...
by big bang
Sun Feb 09, 2020 2:18 am
Forum: Investing - Theory, News & General
Topic: Covered Calls Portfolio
Replies: 11
Views: 1271

Covered Calls Portfolio

Charles Schwab adviser is telling my friend to invest in covered calls to generate income.
She was recently laid off and he suggested that kind of a portfolio will provide her with the income that she needs going forward.
What's that about?
Isn't that too risky and irresponsible to suggest?
by big bang
Fri Jan 24, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Relief for Reporting Required Minimum Distributions for IRAs for 2020
Replies: 1
Views: 376

Relief for Reporting Required Minimum Distributions for IRAs for 2020

Under pre-amended law, by January 31st, the financial institutions would have had to notify IRA owners who turned 70½ in 2020 about the required minimum distribution (RMD) which would have needed to be made for 2020. The SECURE Act changed the age triggering the RMD requirement from 70 and ½ to 72, ...
by big bang
Wed Jan 22, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Pay rent electronically - Fidelity? Other?
Replies: 16
Views: 1101

Re: Pay rent electronically - Fidelity? Other?

As you have described, there is no on line option to do that through Fidelity.
My son calls Fidelity every month to initiate the transfer of the rent.
by big bang
Sat Jan 18, 2020 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property--Do numbers make sense to keep??
Replies: 55
Views: 4117

Re: Rental Property--Do numbers make sense to keep??

What are the terms of your mortgage? Can you refinance to lower your monthly payments? 15 year @ 3%. 10 years left. There might be an opportunity here... Just for the exercise: By how much $$ you can lower the monthly payment by refinancing to a 30yr? A 30 yr mortgage would probably save close to $...
by big bang
Sat Jan 18, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property--Do numbers make sense to keep??
Replies: 55
Views: 4117

Re: Rental Property--Do numbers make sense to keep??

dachshunddad wrote: Sat Jan 18, 2020 12:48 pm
big bang wrote: Sat Jan 18, 2020 12:45 pm What are the terms of your mortgage?
Can you refinance to lower your monthly payments?
15 year @ 3%. 10 years left.
There might be an opportunity here...
Just for the exercise:
By how much $$ you can lower the monthly payment by refinancing to a 30yr?
by big bang
Sat Jan 18, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property--Do numbers make sense to keep??
Replies: 55
Views: 4117

Re: Rental Property--Do numbers make sense to keep??

Also, how much you are paying to the property manager? Can you reduce it?
The point is, try to look at your expenses and see if you can lower them to improve the cash flow.
Is there a way to increase the rent in the near future?
by big bang
Sat Jan 18, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property--Do numbers make sense to keep??
Replies: 55
Views: 4117

Re: Rental Property--Do numbers make sense to keep??

What are the terms of your mortgage?
Can you refinance to lower your monthly payments?
by big bang
Fri Jan 17, 2020 4:02 pm
Forum: Personal Investments
Topic: What do we do now?
Replies: 16
Views: 1578

Re: What do we do now?

Have you figured out what you need to do for health insurance? That seems to be the elephant in the room when discussing early retirement. Though, you have a short period of time before that issue will be gone. No, did not plan for the transitional health insurance yet. Yes, we did figured that is ...
by big bang
Fri Jan 17, 2020 3:58 pm
Forum: Personal Investments
Topic: What do we do now?
Replies: 16
Views: 1578

Re: What do we do now?

elainet7 wrote: Fri Jan 17, 2020 2:46 pm roth conversions
Since my wife is still working we did not have room to do the conversions. I am glad that the RMD is shifted to age 72 starting this year. This will give us more time to do the conversions later.
by big bang
Fri Jan 17, 2020 3:54 pm
Forum: Personal Investments
Topic: What do we do now?
Replies: 16
Views: 1578

Re: What do we do now?

Have you figured out what you need to do for health insurance? That seems to be the elephant in the room when discussing early retirement. Though, you have a short period of time before that issue will be gone. No, did not plan for the transitional health insurance yet. Yes, we did figured that is ...
by big bang
Fri Jan 17, 2020 1:56 pm
Forum: Personal Investments
Topic: What do we do now?
Replies: 16
Views: 1578

Re: What do we do now?

I chose to reduce my stock AA when I turned 60 and hit retirement for more emotional that logical reasons. We are living a more than comfortable lifestyle for us and just chose to reduce risk a bit - smaller returns are still plenty for us. Just a choice for now, not carved in stone. AA was reduced...
by big bang
Fri Jan 17, 2020 1:48 pm
Forum: Personal Investments
Topic: What do we do now?
Replies: 16
Views: 1578

Re: What do we do now?

If I were you, I'd probably only tweak the Foreign exposure. But that's just me, I get the jitters with Foreign central bank policy with negative interest rates and their debt. China is slowing (just hit a 30yr low)... etc. I have thought about it many times, especially with recent years of disappo...
by big bang
Fri Jan 17, 2020 12:59 pm
Forum: Personal Investments
Topic: What do we do now?
Replies: 16
Views: 1578

What do we do now?

Hello fellow Boglehaeds, This week we reached 30 times our annual expenses. I think that we can say that we reached our number. So, what do we do now? Do we scale back further our AA? Leave it as it is? We do feel comfortable with our AA. So we just let it fluctuate from here and risk that it will g...
by big bang
Fri Jan 03, 2020 2:46 pm
Forum: Investing - Theory, News & General
Topic: Why has the economy not crashed yet?
Replies: 36
Views: 2655

Re: Why has the economy not crashed yet?

FrankLUSMC wrote: Fri Jan 03, 2020 2:04 pm
Glockenspiel wrote: Fri Jan 03, 2020 1:58 pm Fed and President manipulation of the markets.
In before the LOCK!!!!
Never been in a thread that was locked.
Just using the opportunity.....
by big bang
Thu Dec 26, 2019 11:25 am
Forum: Personal Investments
Topic: Investment Planning - 29 y/o
Replies: 10
Views: 641

Re: Investment Planning - 29 y/o

Here is the link for the Tax Efficient Fund Placement wiki page
https://www.bogleheads.org/wiki/Tax-eff ... _placement
by big bang
Thu Dec 12, 2019 2:19 pm
Forum: Personal Investments
Topic: Taxes - investment properties
Replies: 5
Views: 356

Re: Taxes - investment properties

Before separating from your CPA make sure that you have copy of the depreciation schedule for each property.
by big bang
Thu Dec 12, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on my parent's reverse mortgage home and getting them out
Replies: 22
Views: 2515

Re: Thoughts on my parent's reverse mortgage home and getting them out

I respect you for trying to help your parents. You may want to check carefully the terms of the reverse mortgage. But, as far as I understand from their advertisements is that they can live in the house as long as they are paying the property taxes and the home insurance. When the time comes and the...
by big bang
Mon Dec 09, 2019 2:41 pm
Forum: Personal Investments
Topic: Portfolio Critic Please
Replies: 7
Views: 558

Re: Portfolio Critic Please

**Assets: **Stocks (TOTAL): 550K **Bonds (TOTAL): 300K **Cash (TOTAL): 550K Your current AA is: Stocks 39% Bonds 22% Cash 39% After house purchase, the AA will change to: Stocks 50% Bonds 27% Cash 23% If it helps you to sleep well, this is not too bad for a conservative portfolio. However, with thi...
by big bang
Thu Dec 05, 2019 3:47 pm
Forum: Personal Investments
Topic: HSA investing in CA
Replies: 6
Views: 485

Re: HSA investing in CA

If you are with Fidelity, this is what I am using for my HSA: FUAMX (Fidelity Interm Treasury Bd Index) Treasuries are exempt from state taxes, so you do not need to do any bookkeeping. Treasury funds at FIDO have capital gains, which you need to report in CA every year, FIDO won't report this for ...
by big bang
Thu Dec 05, 2019 2:37 pm
Forum: Personal Investments
Topic: HSA investing in CA
Replies: 6
Views: 485

Re: HSA investing in CA

If you are with Fidelity, this is what I am using for my HSA:
FUAMX (Fidelity Interm Treasury Bd Index)
Treasuries are exempt from state taxes, so you do not need to do any bookkeeping.
by big bang
Thu Dec 05, 2019 12:19 am
Forum: Personal Investments
Topic: Portfolio Advice
Replies: 12
Views: 825

Re: Portfolio Advice

Abk911 wrote: Wed Dec 04, 2019 11:16 pm Loans:
Mortgage 28 years left :( : 8k per month including property tax
2 CARS... 1100 per month total. (700 per month for purchased car (plan to keep for good) and 400 per month for a leased car)
Housing and car expenses are holding you back. You will need to see how you can reduce those.
by big bang
Wed Dec 04, 2019 11:26 pm
Forum: Personal Investments
Topic: Portfolio Advice
Replies: 12
Views: 825

Re: Portfolio Advice

My first observation is that the level of expenses that you have listed is presenting a picture of a high earner. However, relative to the expenses the level of the savings for your age is very low. This is only a guess and without knowing your numbers, but you need to find a way to increase your co...
by big bang
Wed Dec 04, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: How do I decide this pension option?
Replies: 16
Views: 1252

Re: How do I decide this pension option?

My suggestion will be to roll it to an IRA. This way you do not pay taxes immediately, it stays invested till the time that you need the money. When the time comes you can decide how much to withdraw.
by big bang
Tue Nov 12, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Health Reimbursement Account (company funded HRA)
Replies: 9
Views: 484

Re: Health Reimbursement Account (company funded HRA)

I Googled “HRA tax reporting” and found this on Page 17 - no tax reporting. https://www.irs.gov/pub/irs-pdf/p969.pdf Google is your friend. Cheers Got it. Thank you! IRS Publication 969 Note. Unlike HSAs or Archer MSAs, which must be reported on Form 1040 or Form 1040NR, there are no reporting requ...
by big bang
Tue Nov 12, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Health Reimbursement Account (company funded HRA)
Replies: 9
Views: 484

Re: Health Reimbursement Account (company funded HRA)

Silk McCue wrote: Tue Nov 12, 2019 2:45 pm If the funds from the HRA are spent on qualified medical expenses according to the plan rules they are not taxable.

Cheers
So, at the end of the year, does the company issues some kind of a form for tax reporting?
by big bang
Tue Nov 12, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Health Reimbursement Account (company funded HRA)
Replies: 9
Views: 484

Re: Health Reimbursement Account (company funded HRA)

The amount used IS supposed to be reported to you on a form. You will get a form 1099-SA for each type of distribution you make during the year. You will get a 5498-SA for the contributions you make during the year. You complete form 8889 each year. https://www.irs.gov/pub/irs-pdf/f8889.pdf If you ...
by big bang
Tue Nov 12, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Health Reimbursement Account (company funded HRA)
Replies: 9
Views: 484

Health Reimbursement Account (company funded HRA)

Hi all, Question for someone that has been using this benefit for a few years. My wife has company funded HRA account which we take advantage of. Is the amount used, reported as an additional benefit or income to the IRS? Are they supposed to issue a 1099 or any other form so we need to report it wh...
by big bang
Tue Nov 05, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy with no car insurance
Replies: 18
Views: 1554

Re: Umbrella policy with no car insurance

Hi all, My son does not have a car (he is licensed). He wants to buy a Personal Umbrella Policy (reasons reserved). We called Geico and they advised that he needs to buy first a Named non Owners Policy before getting issued a Personal Umbrella Policy. The quote for the Named non Owners Policy alone...