Search found 284 matches

by sc9182
Sat Sep 14, 2019 5:55 pm
Forum: Personal Investments
Topic: what should I be doing with my after-tax 401k contributions?
Replies: 30
Views: 2303

Re: what should I be doing with my after-tax 401k contributions?

If you have outside IRA, converting after tax contributions (with built in gains) to Roth IRA could invoke odd prorata rules (dunno, but sure to check!). If you don’t have outside IRA, no problem. Covert after tax as soon as plan allows into Roth 401k! Thus keeping any prorate rules at bay. Somebody...
by sc9182
Thu Sep 05, 2019 4:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1876
Views: 194916

Re: U.S. stocks continue to soar!

It’s about time this thread got active again! Great day for gold accumulators. Even with today's drop, it's been a good year for gold. It's outperformed the S&P 500. Did Gold net outperform S&P considering 28% precious metals tax ! Do I see gold’s 5 year performance is 23%, ie., averaging under 5% ...
by sc9182
Tue Sep 03, 2019 12:07 pm
Forum: Investing - Theory, News & General
Topic: Beating the stock market requires high risk premium
Replies: 60
Views: 3899

Re: Beating the stock market requires high risk premium

I believe Jim Cramer mentioned that stocks are the best means of social mobility. In markets - it takes money to make money — and — looong time being/stay invested! With good degree, assuming thus, leading to decent job/career., you not only get to save+invest monies, and could be accumulating time...
by sc9182
Thu Aug 22, 2019 8:44 am
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13782

Re: When Did You Ease Up On Saving Aggressively?

Pedal to the metal. Keep saving and investing and look for ways to increase. If market returns are below historical average you will be thankful you did save and invest more. Good point. For every dollar in your reduced savings, it’s likely that - your lifestyle creep ate most of that $1 This incre...
by sc9182
Mon Jul 29, 2019 3:27 pm
Forum: Personal Consumer Issues
Topic: Long commute: how to manage?
Replies: 110
Views: 7346

Re: Long commute: how to manage?

Lots of good suggestions thus far. I commute by motorcycle and find that much faster, cheaper and more enjoyable than a car (but obviously you sacrifice a lot of comfort and safety). My wife gets audio books from the library and that works for her. I listen to a lot of podcasts, but tend not to do ...
by sc9182
Sun Jul 28, 2019 12:15 pm
Forum: Personal Consumer Issues
Topic: Long commute: how to manage?
Replies: 110
Views: 7346

Re: Long commute: how to manage?

One of my cohorts who used to be stressed out due to long commute, started to be lot more pleasant, in fact turned very happier kind. Everybody thought he may have been blessed with bigger raise and/or bonus. Later he confided to some of us - that Tesla 3 Autopilot made his hour+ long highway commut...
by sc9182
Thu Jul 25, 2019 2:41 pm
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 19481

Re: Laid Off - Want to Retire / Am I OK

Couldn’t possibly plan or do better than what you’ve done. Plenty of Taxable to cover till a few logical breaks: age 55 from employer 401k withdrawal , age 59 1/2 for Ira withdrawals, able to get SS (age 62-70, depending on health and other needs/circumstances). This is not correct. The "age 55 rul...
by sc9182
Thu Jul 25, 2019 8:31 am
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 19481

Re: Laid Off - Want to Retire / Am I OK

Couldn’t possibly plan or do better than what you’ve done. Plenty of Taxable to cover till a few logical breaks: age 55 from employer 401k withdrawal, age 59 1/2 for Ira withdrawals, able to get SS (age 62-70, depending on health and other needs/circumstances). If you (or spouse) wish to share your ...
by sc9182
Tue Jul 23, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Would you have your teen attend a meeting with your CFP?
Replies: 33
Views: 1733

Re: Would you have your teen attend a meeting with your CFP?

Terrible idea. Don't torture your teenager with this unless they have specifically asked to go to this meeting. There's a lot of other situations that I would tick off first: Car buying is one. LOL - totally agree. My family now knows that we/I have ONE (yes 1, only ONE) stock of Amazon. Now, the k...
by sc9182
Tue Jul 23, 2019 12:26 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting Worth it?
Replies: 176
Views: 11460

Re: Tax Loss Harvesting Worth it?

One additional point along the lines of TLH: Traditional IRA to Roth IRA conversion (may be partial) during market downturns. heard/read many folks may have performed such conversions, during 2008/2009 time-frame.
by sc9182
Sat Jul 20, 2019 6:35 pm
Forum: Personal Investments
Topic: A little discouraged with earnings, is it really this slow?
Replies: 66
Views: 9750

Re: A little discouraged with earnings, is it really this slow?

Your returns typically depends on your average balance. In extreme simplistic math: your average balance has been only about $50k over the last 5+ years., NOT 100k you contributed. Now, you calculate your return and tell me how you feel !! Somewhat related, mainly to give perspective of the consiste...
by sc9182
Fri Jul 19, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Income below100% FPL-danger of ACA subsidy?
Replies: 41
Views: 3056

Re: Income below100% FPL-danger of ACA subsidy?

And in some states that didn't expand Medicaid when ACA started (FL and TX are big ones) ones income can be too low for ACA subsidies but still not be eligible for Medicaid because it's means tested including assets, work status, and so on. Bad situation. Great summary, hence ever more important to...
by sc9182
Fri Jul 19, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 194
Views: 21602

Re: Are RMDs that bad if you're not an over-saver?

If you consider RMDs are large - that you consider it a tax nuisance, many be glad to be in such shoes. If somehow putting more effective dollars into Roth (vs traditional), then you may be having (and having saved) too much money in either IRA Or Roth’s, good problem to have !! (possibly denying yo...
by sc9182
Fri Jul 19, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: finding transformer in attic with insulation (edited for correct name of component)
Replies: 36
Views: 2319

Re: finding junction box in attic with insulation

Only if you are adept at it - and have sufficient term life coverage :happy One of my not-so handy cohorts, a first time home buyer attempted to walk in attic over the “blown” insulation (instead of locating the beams/floor-joists). His walk was above the two-level family room 22” height! And as you...
by sc9182
Fri Jul 19, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Income below100% FPL-danger of ACA subsidy?
Replies: 41
Views: 3056

Re: Income below100% FPL-danger of ACA subsidy?

Do you happen to have done any small/side gigs which may provide you some extra income and tips ? Say a craigslist type of side gigs - such a painting, working on a fence, or car service, or pet sitting, etc - which may provide some undeclared/unreported income (typically income/payment under $400’...
by sc9182
Fri Jul 19, 2019 2:07 pm
Forum: Personal Investments
Topic: Anybody invested with US Bank Wealth?
Replies: 7
Views: 611

Re: Anybody invested with US Bank Wealth?

If you have Wealth, they Manage (under Expensive AUM).
Not many seem to have/advertise products or process for: Wealth Building - which is the harder part !!
by sc9182
Fri Jul 19, 2019 9:04 am
Forum: Personal Investments
Topic: Etrade denies promotion on $1 mil new account
Replies: 65
Views: 7690

Re: Etrade denies promotion on $1 mil new account

E*trade tells you to “always go directly to an organization’s website” and then dings a customer when they do it to them? The “you didn’t follow the rules” crowd would be equally as quick to rip a poster who got scammed by clicking on a link in an unsolicited email. Clicking a link by itself is rar...
by sc9182
Fri Jul 19, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Substantial position in an individual stock
Replies: 31
Views: 2456

Re: Substantial position in an individual stock

Just thinking out loud about tax fraud is frowned upon on the forum. How do you reward (if you so wish) your kin, who render oddball (say under $250 market value) occasional help to your kids ? What if your elder kid or nephew teaches/trains your younger kids in certain things (STEM/music/investing...
by sc9182
Fri Jul 19, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 119564

Re: What frugal thing did you do today?

Chat with Amazon customers support rep, to save $4.50 on recently purchased under-sink garbage-disposal motor, which went on sale for that much lowered price on Amazon itself (price-match). Also, by buying slightly more powerful motor of the same brand/model with good reviews, my efforts required we...
by sc9182
Fri Jul 19, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Substantial position in an individual stock
Replies: 31
Views: 2456

Re: Substantial position in an individual stock

If you have low income relatives (without ACA or Medicaid cliffs, SS getting-taxed etc gotchas), especially younger ones with low/low’is income may be you can transfer some AAPL to them to keep under joint gift tax rules, and within the donee’s 12% tax bracket limits - so they can enjoy tax free cap...
by sc9182
Fri Jul 19, 2019 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Income below100% FPL-danger of ACA subsidy?
Replies: 41
Views: 3056

Re: Income below100% FPL-danger of ACA subsidy?

Do you happen to have done any small/side gigs which may provide you some extra income and tips ? Say a craigslist type of side gigs - such a painting, working on a fence, or car service, or pet sitting, etc - which may provide some undeclared/unreported income (typically income/payment under $400’i...
by sc9182
Thu Jul 18, 2019 7:06 pm
Forum: Personal Investments
Topic: Etrade denies promotion on $1 mil new account
Replies: 65
Views: 7690

Re: Etrade denies promotion on $1 mil new account

You might as well ask for retention bonus, or else!!

TDAmeritrade believe still has $2500 promo, do speak to a local (or regional) rep and have/save some notes/email thread for your record.
by sc9182
Wed Jul 17, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 194
Views: 21602

Re: Are RMDs that bad if you're not an over-saver?

why in your right mind would you want to limit growth of an Ira One word: taxes. Assuming you’re speaking of a pre tax IRA. You can get the growth in a Roth also and pay lower tax. It depends on one’s portfolio composition and circumstances Example: if you KNEW you would inherit $5m and never need ...
by sc9182
Mon Jul 15, 2019 6:16 pm
Forum: Investing - Theory, News & General
Topic: Nuanced Benefit of delaying claiming of SSA Benefits
Replies: 21
Views: 2261

Re: Nuanced Benefit of delaying claiming of SSA Benefits

Iirc, somewhere I read - if you have younger spouse with longer expected life (with lesser/none own SS benefits) than your own, you may be better off delaying to further maximize payments at higher level for longer time (especially for spouse who may be expected to live longer). But haven’t research...
by sc9182
Sun Jul 14, 2019 8:05 am
Forum: Investing - Theory, News & General
Topic: Who should fund a Roth after age 71?
Replies: 13
Views: 1599

Re: Who should fund a Roth after age 71?

Note that “earned income” has a specific definition. Interest, dividends and RMD are not earned income. No Roth unless working. That is my understanding. If a 71 year old withdrew $7k more than the RMD, would that $7k count as earned income? Earned Income - FICA taxes and w-2 in play . That’s my un...
by sc9182
Sun Jul 14, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: At What Age or Point in your Career did your investments start outweighing your regular paychecks?
Replies: 85
Views: 11956

Re: At What Age or Point in your Career did your investments start outweighing your regular paychecks?

Still hasn't at 44 and FI. It really takes a lot of investments to make up for a high income. Kudos on WhiteCoatInvestor’s (Dr. Jim ..) income/business-income growth - unless he chooses to include business income as investment (own business development + investment), kind of makes it much harder to...
by sc9182
Sun Jul 14, 2019 7:34 am
Forum: Personal Finance (Not Investing)
Topic: At What Age or Point in your Career did your investments start outweighing your regular paychecks?
Replies: 85
Views: 11956

Re: At What Age or Point in your Career did your investments start outweighing your regular paychecks?

Let's assume annual income = $100k saving rate = 50% expected return = 7% dividend yield = 2% Then it will take 30 yrs for dividend income > paycheck. investment = -FV(7%,30,50k,0,1) = $5.05MM dividend = $5.05MM * 2% = $101k Change the inputs, as you wish. You ought to be looking at Total return (c...
by sc9182
Thu Jul 11, 2019 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating interest-only mortgage
Replies: 13
Views: 1395

Re: Evaluating interest-only mortgage

You must be refinancing existing $1.5 million mortgage debt. If you are buying new, TCJA limits mortgage interest tax deduction to $750k only. Just making it clear to thread readers! Chances are - after 10 years of time frame things may have changed; such as kids went to college or got one or marrie...
by sc9182
Tue Jul 09, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 36015

Re: Relationship mortgage discounts for moving a million assets

Hmm. So, I have well over $1 million at a brokerage in one of these banks. Are they supposed to offer me these incentives already? Or should I move assets away and then move them back when they lure me with discounts? You should talk them and find out, some times, they extend the offer/terms., some...
by sc9182
Mon Jul 01, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: At What Age or Point in your Career did your investments start outweighing your regular paychecks?
Replies: 85
Views: 11956

Re: At What Age or Point in your Career did your investments start outweighing your regular paychecks?

Though it may be hard to put an age/career-level to this due to: income, expenses, savings rate and investment return/sequence of returns., allow me to repeat my recent posting here: At each significant stage of account value (or your net-worth) - it means different things to you: "Assuming" a stead...
by sc9182
Sun Jun 30, 2019 6:58 pm
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 126
Views: 25428

Re: The Fall of Consumer Reports

Bogleheads: I have been a subscriber to Consumer Reports for many years. I agree that it deteriorated in recent years (except for the April Car Issue). I received my August issue this week. In my opinion it well written and full of useful information. Best wishes. Taylor Thanks Taylor, we often rea...
by sc9182
Fri Jun 14, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 36015

Re: Relationship mortgage discounts for moving a million assets

Same rate as fully amortized rate, but with 30% down payment requirement. (In that post, for the IO product, i was adding the Relationship discount of .25% — boy BofA only seem to allow 0.25% discount upon $500k relationship NNM, whereas other banks let you bring in more $1MM leading upto 0.5% rela...
by sc9182
Fri Jun 14, 2019 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 36015

Re: Relationship mortgage discounts for moving a million assets

Got a matching quote from BofA: 10/1 ARM for 3% on 800k+ jumbo loan (20% down). Zero points/orig, plus normal closing costs. Their Interest only option seem to require 30% down, same rate Relationship discount of .25% for bringing $500k net new money (NNM) to BofA (they indicated their max discount...
by sc9182
Tue Jun 11, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Transfer bonuses --- worth the hassle?
Replies: 13
Views: 2739

Re: Transfer bonuses --- worth the hassle?

Per Earl’s maintained thread - there are at times non-public transfer bonuses - to the north of $3000 to - $4000 upon a $1 Million net-new-money/assets transferred. Never bothered about mutual funds and their portability, always been in a low-fee ETFs and a few individual stocks (hope BH’ers won’t c...
by sc9182
Sun Jun 09, 2019 12:39 am
Forum: Investing - Theory, News & General
Topic: Best day of the month to invest?
Replies: 41
Views: 4791

Re: Best day of the month to invest?

I don't see how the results from Allocate Smarty are seen as splitting hairs. It shows results of holding around end and being out otherwise, and even ignores having the cash earning anything when out. Trading costs are ignored as it's proof of concept but any reasonably sized portfolio the trading...
by sc9182
Sat Jun 08, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 36015

Re: Relationship mortgage discounts for moving a million assets

Got a matching quote from BofA: 10/1 ARM for 3% on 800k+ jumbo loan (20% down). Zero points/orig, plus normal closing costs. Their Interest only option seem to require 30% down, same rate Relationship discount of .25% for bringing $500k net new money (NNM) to BofA (they indicated their max discount ...
by sc9182
Sat Jun 08, 2019 8:20 am
Forum: Investing - Theory, News & General
Topic: Best day of the month to invest?
Replies: 41
Views: 4791

Re: Best day of the month to invest?

Can split hairs. What is the amount we are investing - $1 million or $2MM ? Are you dollar cost averaging or planning to do lump sum ? What is the lost opportunity/interest for 15+ days if you sitting on cash to buy in your most preferred day !? There might be some end of quarter (once every 3 month...
by sc9182
Tue Jun 04, 2019 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 36015

Re: Relationship mortgage discounts for moving a million assets

Apparently, instead of 2.625%, I could opt for 2.75% with a much bigger lender credit. It would be several thousand dollars more than the gross closing costs, so I'm not sure what would happen to the remainder. Would I get a check for the difference? If so, would it be taxable income? I'm trying to...
by sc9182
Sun Jun 02, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 36015

Re: Relationship mortgage discounts for moving a million assets

I would suspect that there are lots of perks with respect to credit cards, I do know Wells Fargo has a similar balance linked bonus for their credit cards, citi gives thank you points, about 10k per year as well as 100 annual fee reduction on their top tier and an account linked bonus. HSBC has a t...
by sc9182
Thu May 30, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 28011

Re: Can I afford this 2.3 million dollar home?

You could, but you should !? Dunno about that., you would know better. Depends on demographics in your area, and market for resale homes in your price point. As much as many folks call, it’s their forever home., the changes in life factors/events change that! No, your forever home won’t necessarily ...
by sc9182
Sun May 26, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 404
Views: 104525

Re: If your net worth is over $3 million, how did you do it?

Well, I think we are around 8.5 at age 69. 4 year BS degree. Started a rep business and tonned it in the late 70’s. Made up to 35k a month. Sold it, and got into residential real estate sales. Absolutely killed it. Never under 250k, the highest was $700k. Inheritance twice from both families. Start...
by sc9182
Sat May 25, 2019 5:03 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 7971

Re: Rethinking Individual Stocks

Not going to discuss much about individual vs index holdings - let this point be over analyzed by Bogle-lords. In your case, when you started off with 10+ stocks (would it be possibly 15-20 holdings at its peak?) - you may have created/managed a mini index of your own. Is this/your index sufficientl...
by sc9182
Tue May 14, 2019 6:09 am
Forum: Investing - Theory, News & General
Topic: Financial podcasts
Replies: 32
Views: 3961

Re: Financial podcasts

Also, you can paste a link/URL to AirRead app on iPhone (there is one similar to that on Android eco system). It will read that web page for you. Especially useful when you driving/walking etc. This app enables us to listen to webpages instead of just looking for Podcasts only. Also, Audiobooks borr...
by sc9182
Mon May 13, 2019 10:54 pm
Forum: Personal Consumer Issues
Topic: a week in Italy(first time)
Replies: 53
Views: 4386

Re: a week in Italy(first time)

In Mid-March, We did multi-legged flight to: a 23 hours leg in London (and 3 of its tourist spots), 23 hours in Paris (Louvre, Norte Dame plus Eiffel Tower by evening and also by night!), our onward journey last leg ending in Pisa, spent half day in Pisa. In Italy, took fast trains between cities, d...
by sc9182
Mon May 13, 2019 9:11 pm
Forum: Personal Consumer Issues
Topic: What non frugal things save money?
Replies: 84
Views: 11048

Re: What non frugal things save money?

If you drive a lot, buying a new EV car can actually save money. I was spending $5.5K/year in gas on driving 25K miles/year. I bought a Model 3 ($62K). Electricty for the same miles would be $800/year. But we produce excess energy from solar, so fuel costs are near zero. And the Model 3 is pretty m...
by sc9182
Fri May 10, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 36015

Re: Relationship mortgage discounts for moving a million assets

Also, Chase did not match my rate/fee with BofA even after telling me they match or beat competitor rates. All they did was increase the points to get the interest rate to match the BofA quote. Kind of a slap in the face to think I would fall for this trick. Sorry your efforts didn’t work. But the ...
by sc9182
Thu May 09, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 311
Views: 36015

Re: Relationship mortgage discounts for moving a million assets

Don't necessarily count CHASE out., especially if you got private banking deal (200K-250K will do). If you can get their Match the rate/terms deal, they could do better than the best quote you've got: To optimize, go to their Quote site: https://apply.chase.com/mortgage/CRQ/CRQResults.aspx With 20% ...
by sc9182
Tue May 07, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: "Forever home" - 10/1 ARM vs 30-year FRM
Replies: 25
Views: 2421

Re: "Forever home" - 10/1 ARM vs 30-year FRM

With 0.5% difference between 10/1 and 30 year, not much savings offered by the 10 year ARM route. Ideally I would do that 7/1 or 10/1, but in your case savings doesn’t seem much! Also keep in mind 10/1 Qualifying May be based on “expected” reset rate (which may be higher), where as 30 year fixed qua...
by sc9182
Tue May 07, 2019 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 8512

Re: Walk away from my auto lease?

Or, you hope God (or, circumstances) does a favor to you, by say: a hail/flood/theft etc “Totals” your car! Technically your lease ends on such Total event, hopefully you have GAP insurance (or your lease has this GAP built in-it). Or possibly you can trade this piece of lemon for another car (not t...
by sc9182
Sun Apr 14, 2019 8:05 pm
Forum: Personal Investments
Topic: pros and cons for rollover to tIRA or other 401k from previous employer
Replies: 103
Views: 5010

Re: pros and cons for rollover to tIRA or other 401k from previous employer

If you have funds rolled over to your new employer- you can borrow/loan against the 401k (not always). Kinda helps towards your emergency funds to tide over a few un expected expenses (don’t encourage this as a strategy, but at times life/family needs may be more important than retirement planning a...