Search found 3873 matches

by Nate79
Thu Jan 17, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage - what am I missing?
Replies: 44
Views: 2451

Re: Paying extra on mortgage - what am I missing?

There seems to be some confusion about how a mortgage is calculated. With a mortgage the initial payment is calculated based on the term and the interest rate. The amount of interest you pay every month is simple interest math: outstanding principal * interest rate / 12. The amount of interest you p...
by Nate79
Thu Jan 17, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 29
Views: 869

Re: [Wash sale concern - Are these stocks substantially identical?]

Previous IRS guidance has stated that two different mutual funds can not be substantially identical. You are welcome to interpret it as you wish but I would be comfortable TLH as long as the funds are not the same share class regardless of the name of the fund (such as VTI vs VTSAX). And like most m...
by Nate79
Wed Jan 16, 2019 11:27 am
Forum: Investing - Help with Personal Investments
Topic: VOO Dividends--How to avoid double tax when wanting to spend them?
Replies: 14
Views: 639

Re: VOO Dividends--How to avoid double tax when wanting to spend them?

One feature of VOO as well as most Vanguard ETFs is the the ETF is a special share class of the mutual fund (only Vanguard because it’s patented, not sure for how much longer). That somehow gives Vanguard an extra tool to manipulate so the fund (and I guess the ETF) generates much less capital gain...
by Nate79
Wed Jan 16, 2019 11:24 am
Forum: Investing - Theory, News & General
Topic: Vanguard will use blockchain to share index data
Replies: 67
Views: 8125

Re: Vanguard will use blockchain to share index data

Another crypto thread pops up. Is it the sign of the apocalypse?
by Nate79
Wed Jan 16, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Boost Emergency Fund or Pay Down Debt?
Replies: 13
Views: 795

Re: Boost Emergency Fund or Pay Down Debt?

Sounds like you have a spending problem or something doesnt compute. How is a $10k emergency fund 3 months of expenses when you only have $2k of extra each month with an income of $175k? I agree with the others that your emergency fund is light and I would build that to 6 months and then pound the d...
by Nate79
Wed Jan 16, 2019 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Which Type of Annuities Did You Choose and Why
Replies: 18
Views: 1023

Re: Which Type of Annuities Did You Choose and Why

An SPIA is really the only recommended annuity around here. Search for SPIA and find the thousands of threads on this topic.
by Nate79
Tue Jan 15, 2019 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: TLH a la max12377 style with self directed 401k
Replies: 10
Views: 380

Re: TLH a la max12377 style with self directed 401k

There is debate about whether purchases in a 401(k) can cause a wash sale. I would not volunteer to create a wash sale in that case. Is that true? I would assume it is a wash sale as the spirit of the IRS rule shouldn't matter on what "envelope" the moves are made from. Any tax or IRS agents out th...
by Nate79
Tue Jan 15, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Change my mind - Lease > Buy New Car
Replies: 23
Views: 1928

Re: Change my mind - Lease > Buy New Car

There are three problems with leasing. First, there is a financing cost so comparing buying with cash vs financing there is this cost to consider. Second, you are paying for a fixed amount of miles/depreciation. It's basically use it or lose it (but if you go over you are also penalized). And finall...
by Nate79
Tue Jan 15, 2019 7:54 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 164
Views: 8633

Re: Are You Dumping Netflix?

Nope, awesome service even at the measly increase in price.
by Nate79
Tue Jan 15, 2019 7:14 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency
Replies: 10
Views: 1079

Re: Cryptocurrency

LOL. Why all the sudden we are getting crypto threads? Perhaps the lesson wasn't learned the first time?
by Nate79
Tue Jan 15, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6483

Re: A co-worker makes more than me

It's quite normal. Unless you started in the same year and got the same performance based raises every year and got thr same promotions at the same time I don't see how your pay could ever be thr same. Nor should it.
by Nate79
Tue Jan 15, 2019 9:38 am
Forum: Investing - Help with Personal Investments
Topic: 29 yo resident doc married need personal finance/investing advice
Replies: 26
Views: 2370

Re: 29 yo resident doc married need personal finance/investing advice

I highly recommend Dave Ramsey in this case. Broke, in debt up to your eyeballs yet have an extremely high food and bar monthly budget. Focus on getting it of debt, live well below your means (rice and beans, no bars).
by Nate79
Tue Jan 15, 2019 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Question - Vanguard or Blackrock??
Replies: 16
Views: 1049

Re: Portfolio Question - Vanguard or Blackrock??

Those BlackRock funds are excellent. I have similar in my 401k.

If you do not agree with the asset allocation of the target date fund and you have access to better/low cost funds then I would choose your own funds and not use the target date fund.
by Nate79
Mon Jan 14, 2019 7:55 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped dramatically, while credit has been frozen
Replies: 28
Views: 1496

Re: Credit score dropped dramatically, while credit has been frozen

I suggest to get a Credit Karma account regardless. Unfreeze at Experian and Transunion, open an account and then refreeze.
by Nate79
Mon Jan 14, 2019 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to Permanent Life Insurance
Replies: 8
Views: 422

Re: Alternatives to Permanent Life Insurance

Index funds in a taxable account are FAR better than permanent insurance junk ( and their ugly cousins related annuity products).
by Nate79
Mon Jan 14, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Cigna/Express Scripts merger - pls help me understand how I lost half my value
Replies: 6
Views: 673

Re: Cigna/Express Scripts merger - pls help me understand how I lost half my value

I bought Merck many years ago and part of it eventually became Express Scripts (ESRX). Last month it merged with Cigna (CI). The terms were $48.75 in cash and 0.2434 shares of stock of the combined company. In November, my 155 shares of ESRX was worth about $16K. Now, my 37 shares of CI is worth ab...
by Nate79
Sun Jan 13, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: 15 full days in Costa Rica
Replies: 25
Views: 1828

Re: 15 full days in Costa Rica

We have done a couple of trips. One self driven tour that took us to Arenal Volcano area and Playa Tambor. Another trip was to Playa Conchal. Mostly to all inclusive resorts. I second the poster who said that driving takes far longer than you would expect. I would not drive again, way too much work....
by Nate79
Sun Jan 13, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance with indeterminate premium contract form?
Replies: 13
Views: 702

Re: Term life insurance with indeterminate premium contract form?

Did you shop your term insurance thru a broker/search site like term4sale or Zander? If not you should. Never shop term insurance with a captive insurance salesman.
by Nate79
Sat Jan 12, 2019 6:09 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2609

Re: Schwab SWSXX going away

I bought $10,000 of Schwab Value Advantage MM (SWVXX) in August based on a similar discussion. I must say the returns are under-whelming. A short term bond fund might be much better. Dividends paid: Sep $17.14 Oct $15.12 Nov $17.50 Dec $27.98 SWVXX is a money market fund with a yield of about 2.3%....
by Nate79
Sat Jan 12, 2019 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: E-Trade or Charles Schwab
Replies: 14
Views: 656

Re: E-Trade or Charles Schwab

We have both but I prefer Schwab, especially combined with their checking account. Schwab have excellent in house funds as well as decent free list.
by Nate79
Fri Jan 11, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual (65 Life) Whole Life Insurance Question
Replies: 31
Views: 6949

Re: Northwestern Mutual (65 Life) Whole Life Insurance Question

Hi everybody, my wife and I just had a meeting with our investment advisor from northwestern mutual and essentially had the same conversation as above. I am uneasy about the idea as it seems too good to be true. We will be maxing out 2 roth IRAs, meeting our match for work 403B, and also have mutua...
by Nate79
Thu Jan 10, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I make HSA contributions for 2018 (last year)?
Replies: 9
Views: 825

Re: Can I make HSA contributions for 2018 (last year)?

I think the answer is yes but only because of the last month rule (google the term). Normally amount you can contribute is prorated based on number of months of coverage.
by Nate79
Thu Jan 10, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can I make HSA contributions for 2018 (last year)?
Replies: 9
Views: 825

Re: Can I make HSA contributions for 2018 (last year)?

Two questions that will probably help others answer your question. Was your HSA plan a family plan or individual? What coverage will you maintain for the entire 2019?
by Nate79
Thu Jan 10, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund questions
Replies: 17
Views: 917

Re: Emergency Fund questions

willthrill81 wrote:
Thu Jan 10, 2019 12:25 pm
Nate79 wrote:
Thu Jan 10, 2019 12:19 pm
I discount stocks 80% for valuing an emergency fund. To me they are near worthless in terms of an emergency fund and should not be counted on in the first few tiers of available funds.
Out of curiosity, how did you arrive at the 80% discount rate?
Great Depression.
by Nate79
Thu Jan 10, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund questions
Replies: 17
Views: 917

Re: Emergency Fund questions

I discount stocks 80% for valuing an emergency fund. To me they are near worthless in terms of an emergency fund and should not be counted on in the first few tiers of available funds.
by Nate79
Thu Jan 10, 2019 8:34 am
Forum: Personal Consumer Issues
Topic: Preventative home & auto checks
Replies: 30
Views: 2159

Re: Preventative home & auto checks

Regular car battery charging - this is a little OCD but the life of a car battery is improved if you keep it regularly charged up. Short tripping will not totally charge a car battery so I regularly put my smart charger (~every 2 months) on each car battery overnight to keep them topped off. Smoke d...
by Nate79
Wed Jan 09, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Attn Tax Experts: Sold Primary Residence
Replies: 24
Views: 1016

Re: Attn Tax Experts: Sold Primary Residence

Dear BH, I have used the search feature, read previous questions and reply’s and read the tax code/worksheet. I am still unclear about what to expect for tax year 2019. (I know! It’s early! But this is potentially a big hit for me and I want to plan!) Sold house 1/8/19 for $380,000 After selling ex...
by Nate79
Wed Jan 09, 2019 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Attn Tax Experts: Sold Primary Residence
Replies: 24
Views: 1016

Re: Attn Tax Experts: Sold Primary Residence

Dear BH, I have used the search feature, read previous questions and reply’s and read the tax code/worksheet. I am still unclear about what to expect for tax year 2019. (I know! It’s early! But this is potentially a big hit for me and I want to plan!) Sold house 1/8/19 for $380,000 After selling ex...
by Nate79
Wed Jan 09, 2019 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: What are my options with the current mortgage?
Replies: 35
Views: 2002

Re: What are my options with the current mortgage?

Paying extra on the mortgage is a risk free after tax return of 3.675% (without tax deduction but tax deduction is pretty minor above the standard deduction for almost everyone). If you compare to Vanguard total bond market fund SEC yield is 3.25% and 10 year treasuries are ~2.7% all pretax. So on a...
by Nate79
Wed Jan 09, 2019 8:49 pm
Forum: Investing - Theory, News & General
Topic: Net net stocks
Replies: 13
Views: 1164

Re: Net net stocks

Awesome. Where do I sign up? Is it free? Beating the market is no joke and this sounds pretty simple.

........
:oops:
by Nate79
Wed Jan 09, 2019 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: 65 Whole life policy advice-help!
Replies: 15
Views: 1319

Re: 65 Whole life policy advice-help!

I'm sorry to hear you were scammed just like thousands of others.

Do you have any need for insurance? If so get the appropriate term insurance in place and then cancel the WL.
by Nate79
Wed Jan 09, 2019 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 7258

Re: Is buying a $700K first home crazy?

Some more questions. 1. How much assets do you currently have not including down payment? (Emergency fund, retirement and non retirement accounts) 2. Are you debt free? 3. Any chance of kids in the future? Any chance one of you would want to stay home and not work? I would say if you have a good amo...
by Nate79
Wed Jan 09, 2019 7:53 am
Forum: Investing - Theory, News & General
Topic: wash sale rule question
Replies: 8
Views: 417

Re: wash sale rule question

No, not a wash sale.
by Nate79
Tue Jan 08, 2019 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Preservation of capital at Age 93
Replies: 26
Views: 3127

Re: Preservation of capital at Age 93

Have you considered starting to gift the money to your heir now instead of waiting? You have no need for the money.
by Nate79
Tue Jan 08, 2019 9:25 pm
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 5
Views: 381

Re: How does Alliant Credit Union make money on their Credit Card?

The merchants are probably paying for most, if not all of that cash back cost in fees.
by Nate79
Tue Jan 08, 2019 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Role of a HECM (Reverse Mortgage) in Retirement?
Replies: 8
Views: 513

Re: Role of a HECM (Reverse Mortgage) in Retirement?

Maybe as a last line of defense from being homeless and eating dogfood but they are still high expense products that are somewhat complicated.
by Nate79
Tue Jan 08, 2019 3:19 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2760

Re: Balsam Hill - Defective Christmas Tree

Wow these are expensive trees. I had never heard of the company before this thread. If I was interested in an expensive tree I would highly look into buying from them. Thanks OP! By the way, they are running some heavy discounts right now which makes sense - after Christmas sales. I would hate to ha...
by Nate79
Tue Jan 08, 2019 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Investing as an Expatriate
Replies: 11
Views: 498

Re: Investing as an Expatriate

Who is your current broker? You are going to need to investigate international broker options as you are going to have a hard time investing from abroad (especially if you do things legally and by the rules by reporting your actual residence address). Mabe consider Interactive Brokers or Schwab Inte...
by Nate79
Tue Jan 08, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Withdrawal to pay debt or keep hacking away
Replies: 13
Views: 793

Re: 401k Withdrawal to pay debt or keep hacking away

If you have not done already I would: 1) stop all investing even if you have a match. 2) cut expenses to the bone. 3) sell anything you can 4) pile up cash until you have your next job 5) do not borrow another cent above your current balance. No exception. Once you have a job and are out of debt the...
by Nate79
Tue Jan 08, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Need a little insight from STEM Bogleheads
Replies: 59
Views: 2668

Re: Need a little insight from STEM Bogleheads

Sounds like she needs to read some Dave Ramsey books/Financial Peace University/podcasts.
by Nate79
Tue Jan 08, 2019 11:04 am
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8366

Re: More Nanny State From Vanguard

I do not understand why Vanguard cares. Certainly it is not to protect the investor from risk because if they allow buying individual stocks already they are allowing significant risk of loss.
by Nate79
Mon Jan 07, 2019 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Employee Share Purchase Plan - New benefit
Replies: 16
Views: 679

Re: Employee Share Purchase Plan - New benefit

15% is pretty good. Sounds like $25K is a pretty small part of your world. If thats the case, I'd go for it. 15% is not pretty good. 15% is basically minimum/normal terms offered by almost all employers. OP could look at the volatility of their companies stock over a 1 year period and compare to th...
by Nate79
Mon Jan 07, 2019 9:42 pm
Forum: Personal Consumer Issues
Topic: USPS Tracking Information Available Soon
Replies: 16
Views: 1957

Re: USPS Tracking Information Available Soon

It means the mailman is at your door with your package. :P
by Nate79
Mon Jan 07, 2019 9:40 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2760

Re: Balsam Hill - Defective Christmas Tree

What do your shipping terms state? There should be documents somewhere stating what Fedex agrees to do (I don't think this is up to the tree company) Ask the tree company for proof of their terms in writing. What options has the tree company given you as next steps? Why can't you have it delivered i...
by Nate79
Mon Jan 07, 2019 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Employee Share Purchase Plan - New benefit
Replies: 16
Views: 679

Re: Employee Share Purchase Plan - New benefit

Nope. The 1 year holding period would have me at a hard pass.
by Nate79
Sun Jan 06, 2019 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: High income earner with high debt.
Replies: 20
Views: 1969

Re: High income earner with high debt.

I would max out your retirement (which compared to your income doesnt even move the needle so it is mostly meaningless) and then pound on that debt. Debt free in two years max. Live like a broke doc. I would also build up a decent emergency fund asap.
by Nate79
Sun Jan 06, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you take inheritance into account when calculating net worth?
Replies: 68
Views: 4499

Re: Do you take inheritance into account when calculating net worth?

Nope, not at all because fundamentally the equation is what it is. It is not your asset until it is in your name and you have rights to it.