Search found 331 matches

by multiham
Tue May 26, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Worst House on the best block?
Replies: 52
Views: 4337

Re: Worst House on the best block?

I would stay away from the highest priced house in less desirable neighborhood and would look for something below average price in the "better" neighborhood and make sure you have budget set aside to update/fix. In my opinion, school district is huge when it comes to value to your children and also ...
by multiham
Mon May 25, 2020 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 56
Views: 3342

Re: New Tires or New Car?

Quite simple - If you want to keep the car for a few more years, just buy good tires. Why would you want to ride around on lower quality tires. Match what your driving conditions are to the tire reviews on Tire Rack and buy the ones that best meet your needs. If you can afford a Land Rover, you can ...
by multiham
Tue May 19, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 313
Views: 30888

Re: College in fall

If they’re reducing the amount of instruction, they should reduce tuition, fees, and dorm costs by the same percentage. Otherwise, why wouldn’t a student choose a gap year? It could be easily argued, however, that online instruction is not necessarily 'less' instruction. I can tell you from firstha...
by multiham
Sat May 09, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13097

Re: Will "work from home" destroy the commercial real estate market?

If this was 5 years ago and my company hadn't bought into the "open concept" office, I would have not minded going back to work when this is over. But now, why would I want to go back to finding a space (no assigned seating) at a long table to put down my laptop and work with people who are sitting ...
by multiham
Sat May 02, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help with 401K question
Replies: 4
Views: 309

Re: Help with 401K question

If you leave your money in the "former" employer's retirement plan, you can tap into the money, penalty-free, after you are 54.5 years old and separated from the company. If you move the money out of the 401K and into an IRA, you have to wait until you are 59.5 years old. Since you are retiring (i....
by multiham
Sat May 02, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help with 401K question
Replies: 4
Views: 309

Re: Help with 401K question

If you leave your money in the "former" employer's retirement plan, you can tap into the money, penalty-free, after you are 54.5 years old and separated from the company. If you move the money out of the 401K and into an IRA, you have to wait until you are 59.5 years old. Since you are retiring (i....
by multiham
Sat May 02, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Help with 401K question
Replies: 4
Views: 309

Help with 401K question

I will turn 55 in the next 2 months. I have been with the same mega-corp for 30 years. At 55 you have the option to retire and to start receiving your pension. I would also qualify to be on retiree medical and dental so I can get coverage for myself and my family at much lower rates than the open ma...
by multiham
Sun Apr 26, 2020 1:28 pm
Forum: Personal Investments
Topic: Schwab Intelligent Question on Tax Loss Harvesting
Replies: 11
Views: 611

Re: Schwab Intelligent Question on Tax Loss Harvesting

Thank you! This is exactly the type of help I needed. As you say, I understand the basics of the Schedule D transactions but have never TLH before.
by multiham
Sun Apr 26, 2020 12:37 pm
Forum: Personal Investments
Topic: Schwab Intelligent Question on Tax Loss Harvesting
Replies: 11
Views: 611

Schwab Intelligent Question on Tax Loss Harvesting

Have a question on Tax Loss Harvesting. I have owned a Schwab Intelligent Portfolio in my Taxable Account since 2017. The 2 reasons I purchased it were to automate my investing and also to automatically take care of any TLH opportunities. Took me awhile, but eventually I had a portfolio valued at ab...
by multiham
Mon Mar 16, 2020 10:37 am
Forum: Personal Investments
Topic: Who are getting excited with the plummeting market?
Replies: 100
Views: 10031

Re: Who are getting excited with the plummeting market?

Excited seems like a very poor choice of words. Is anyone excited to see their friends without jobs because their place of work had to close Is anyone excited to see their children home from College and High School learning via make shift e-learning platforms Is anyone excited to see empty streets, ...
by multiham
Sat Mar 07, 2020 11:12 pm
Forum: Personal Consumer Issues
Topic: Talk me into or out of a new vehicle purchase
Replies: 29
Views: 2371

Re: Talk me into or out of a new vehicle purchase

What do your numbers say on the years you currently need to hit 25X expenses? Compare it to the numbers if you buy the new car. Are you okay with whatever extra time it adds? Only you know the answer to that question. Since a car is a depreciating asset, it will never make "sense" to spend a lot on ...
by multiham
Sat Mar 07, 2020 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 102
Views: 7451

Re: Choosing a university/college for my son a future Computer Science Major

My replies are never very popular on this subject Just went through the same type of search with my son who is in his freshmen year studying business. 1. I told him Exactly how much I had saved in the 529 plan and if he went above that, it was going to be covered by loans he would need to pay 2. Ha...
by multiham
Sat Mar 07, 2020 1:44 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 129032

Re: Coronavirus (Consumer Issues) How you are preparing?

Maybe someone can explain this to me. The company I work for just put in a policy that says we can't attend any meetings where there are 50 or more people present. Of course, people are already saying they will just cut the invite to 45 and therefore they are within policy. Is there something "magic...
by multiham
Sat Mar 07, 2020 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 102
Views: 7451

Re: Choosing a university/college for my son a future Computer Science Major

My replies are never very popular on this subject Just went through the same type of search with my son who is in his freshmen year studying business. 1. I told him Exactly how much I had saved in the 529 plan and if he went above that, it was going to be covered by loans he would need to pay 2. Had...
by multiham
Tue Mar 03, 2020 3:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18851
Views: 2635139

Re: U.S. stocks in free fall

C R A S H ....................... I ........ N ........ G ................ :sharebeer May I ask why you seem happy (glasses clinking icon) when the markets are so volatile. Please don't tell me you can buy something on sale. There are so many people on this site that have proper allocations for the...
by multiham
Tue Mar 03, 2020 2:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18851
Views: 2635139

Re: U.S. stocks in free fall

C R A S H ....................... I ........ N ........ G ................ :sharebeer May I ask why you seem happy (glasses clinking icon) when the markets are so volatile. Please don't tell me you can buy something on sale. There are so many people on this site that have proper allocations for the...
by multiham
Sat Feb 22, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: I'm confused on 401K withdraw options
Replies: 20
Views: 951

Re: I'm confused on 401K withdraw options

To clarify on the statement people have been making about the 401k plan distribution rules. Age 55 is only an exception to the 10% early withdrawal penalty. It has no effect on any specific 401k plan distribution rules. Many plans only allow full lump sum distributions after separation. Many will a...
by multiham
Sat Feb 22, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: I'm confused on 401K withdraw options
Replies: 20
Views: 951

Re: I'm confused on 401K withdraw options

Our options in the 401K are not as good or low cost as Vanguard/Schwab/FIdelity offer. But my reading of the tax code says that as soon as I transfer the $ from my current 401K (no penalty as I would have retired at 55 or later) to an IRA, I can't touch that IRA until 59.5 or I will pay early withd...
by multiham
Sat Feb 22, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: I'm confused on 401K withdraw options
Replies: 20
Views: 951

Re: I'm confused on 401K withdraw options

From my understanding (someonecoukd correct me): 1. The URS allows withdrawals at 55, but your company needs to also allow that policy. Otherwise it won't work. 2. Transferring 401k to an IRA will void this. It has to be from 401k. This is my understanding also. My company does allow #1 so I am goo...
by multiham
Sat Feb 22, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: I'm confused on 401K withdraw options
Replies: 20
Views: 951

Re: I'm confused on 401K withdraw options

Yes, my company will allow me to withdraw upon retirement at 55.

Only have 1 401K so it will be from the company I am retiring from

Would love to withdraw and put in IRA at Vanguard/Schwab/Fidelity. If I did this, would I be able to touch the $ from the IRA prior to 59.5 without a penalty.
by multiham
Sat Feb 22, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: I'm confused on 401K withdraw options
Replies: 20
Views: 951

I'm confused on 401K withdraw options

I work for a megacorp and will turn 55 this year. My understanding is that if I retire starting at age 55, I will be able to withdraw funds from my current companies 401K plan with no penalty for not being 59.5 years old. My question is if I move funds from the 401K to an IRA (more investment option...
by multiham
Mon Feb 17, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Money spent on Cars
Replies: 21
Views: 2665

Re: Money spent on Cars

You have made $610K over the last 3 years. You can afford what you have done. Here is my philosophy on spending - I have a savings goal in mind based on an aggressive (meaning high) estimate of what I want to spend when I'm retired. As long as I'm on track to hit that number, with some cushion, the ...
by multiham
Fri Feb 14, 2020 10:20 pm
Forum: Personal Investments
Topic: Horrible Experience with Vanguard [Login account security]
Replies: 163
Views: 10934

Re: Horrible Experience with Vanguard

Hi Op I feel exactly the way you do. Vanguard should have other ways to handle this then having a notarized form sent to them. I didn't realize it was the 1990's. Maybe they can have a fax machine where you can send it to. Things like this will drive some of their younger, more tech savvy users to c...
by multiham
Tue Feb 11, 2020 8:52 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27391

Re: What is the best concert you ever witnessed?

smectym wrote:
Tue Feb 11, 2020 1:52 am
Correction: saw Clash in NYC 1979 at Palladium, not Paramount
The Clash are still my all time favorite band. Only wish I had seen them more than once. Actually I did at Rutgers University, but it was after Joe threw Mick out of the band. No where near as good.
by multiham
Sun Feb 09, 2020 12:48 pm
Forum: Personal Consumer Issues
Topic: Taken for a ride for Car maintenance [Can I dispute Credit card charge?]
Replies: 101
Views: 6507

Re: Taken for a ride for Car maintenance [Can I dispute Credit card charge?]

I have been taking all of the cars I have ever owned to dealerships (Toyota, Honda, Lexus, Ford) for service and have NEVER had a problem. When it is routine maintenance, I just look over the manual and see what is included and also ask what the price will be. If they call me and say they recommend ...
by multiham
Thu Feb 06, 2020 7:49 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27391

Re: What is the best concert you ever witnessed?

There are 2 bands/performers I wish I had seen. Queen and Prince I've seen a few people mention Prince, but unless I missed it no one has mentioned Queen. I find that interesting as I have always heard that Queen was one of the best bands to see live. I earlier posted about some of the bigger acts I...
by multiham
Thu Feb 06, 2020 6:43 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27391

Re: What is the best concert you ever witnessed?

Tom Petty and the Heartbreakers - 2006 in his hometown of Gainesville Fl. Awesome concert which only got better when Stevie Nicks joined them on stage Bruce Springsteen - Numerous times in Asbury Park NJ Bon Jovi - Starland Ballroom in Sayreville NJ The Clash (Opening for The Who) - 1982 JFK Stadiu...
by multiham
Thu Feb 06, 2020 6:14 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27391

Re: What is the best concert you ever witnessed?

Tom Petty and the Heartbreakers - 2006 in his hometown of Gainesville Fl. Awesome concert which only got better when Stevie Nicks joined them on stage Bruce Springsteen - Numerous times in Asbury Park NJ Bon Jovi - Starland Ballroom in Sayreville NJ The Clash (Opening for The Who) - 1982 JFK Stadium...
by multiham
Sat Feb 01, 2020 4:25 pm
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 6937

Re: My Sis is going to Ray James, is this fee right?

Stay out of this unless you are asked. Lets say you were able to convince her to move the funds to low cost funds at Vanguard/Schwab/Fidelity and the market has a bad year in 2020. Now you have to try and explain that it would have even been worse at Raymond James. Good luck trying to do that.
by multiham
Mon Jan 20, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16871

Re: Why retire?

Here are the reasons I have a retirement countdown clock: No more worries about losing job, downsizing, or the latest consultant "hot" trend of the year No more Icebreakers to get to know people (This alone is worth retiring) No more getting in a plane, train, car, unless I want to No more open env...
by multiham
Mon Jan 20, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16871

Re: Why retire?

This forum is primarily focused on a comfortable secure retirement and many members look forward to early retirement. At my age of 38, I do not see why should I aim for a retirement at 50, 55 or 60. I feel good at my work and life seems comfortable. My question is- what changes happen with age or c...
by multiham
Sun Jan 19, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16871

Re: Why retire?

Here are the reasons I have a retirement countdown clock: No more worries about losing job, downsizing, or the latest consultant "hot" trend of the year No more Icebreakers to get to know people (This alone is worth retiring) No more getting in a plane, train, car, unless I want to No more open envi...
by multiham
Wed Jan 15, 2020 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can we retire?
Replies: 120
Views: 11302

Re: Can we retire?

Enjoy your upcoming retirement! Sounds like you and your spouse worked hard for this and did a great job in saving. With no mortgage or kids to put through college, its time to enjoy everything you worked for. Start the countdown clock and don't look back!
by multiham
Sun Jan 12, 2020 10:21 am
Forum: Personal Investments
Topic: Selling Stock from Taxable vs. Exercising Option
Replies: 6
Views: 366

Re: Selling Stock from Taxable vs. Exercising Option

Thank you for your suggestions. I am definitely leaning towards selling the options. The Megacorp I work for issues options with a 10 year window First 3 years the options are not vested You have the next 7 years to exercise Is there a good "rule" on when to exercise options? For instance, if there...
by multiham
Sun Jan 12, 2020 10:08 am
Forum: Personal Investments
Topic: Selling Stock from Taxable vs. Exercising Option
Replies: 6
Views: 366

Re: Selling Stock from Taxable vs. Exercising Option

Thank you for your suggestions. I am definitely leaning towards selling the options. The Megacorp I work for issues options with a 10 year window First 3 years the options are not vested You have the next 7 years to exercise Is there a good "rule" on when to exercise options? For instance, if there ...
by multiham
Sat Jan 11, 2020 10:33 pm
Forum: Personal Investments
Topic: Selling Stock from Taxable vs. Exercising Option
Replies: 6
Views: 366

Selling Stock from Taxable vs. Exercising Option

Looking for some thoughts on best way to evaluate this scenario. I need to sell some stock to cover college tuition this year. Married with 2 children. 24% Fed Tax Bracket 3.1% State Will be able to max my non-taxable contributions in 2020 Looking to retire in approximately 2.5 years While it would ...
by multiham
Sat Jan 04, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897652

Re: What's Your Credit Card Rewards Strategy?

Hoping to tap into the expertise here. The payment processor at my son's college charges a 2.85% fee for paying tuition via credit card so I always pay via check. Any suggestions on cards or process that would return to me more than this 2.85% fee?
by multiham
Fri Jan 03, 2020 6:08 pm
Forum: Investing - Theory, News & General
Topic: Taxable vs Tax Deferred
Replies: 14
Views: 1370

Re: Taxable vs Tax Deferred

Some additional information: Spouse Income is $15,000 to $20,000 (Part time job) No pension for spouse Yes, we both will qualify for Social Security 529's are separate. We should be just fine in terms of covering costs as I told them each how much I would cover so they can make school decisions Lon...
by multiham
Thu Jan 02, 2020 8:52 pm
Forum: Investing - Theory, News & General
Topic: Taxable vs Tax Deferred
Replies: 14
Views: 1370

Re: Taxable vs Tax Deferred

Some additional information: Spouse Income is $15,000 to $20,000 (Part time job) No pension for spouse Yes, we both will qualify for Social Security 529's are separate. We should be just fine in terms of covering costs as I told them each how much I would cover so they can make school decisions Lon...
by multiham
Thu Jan 02, 2020 7:50 pm
Forum: Investing - Theory, News & General
Topic: Taxable vs Tax Deferred
Replies: 14
Views: 1370

Re: Taxable vs Tax Deferred

Several unanswered questions that I think could affect this. I didn't pick up on relative size of spouse's income, especially relative to expenses, savings rates. Does spouse have pension? Either also have Soc Security? If spouse retired at same time, how much would be needed from investment income...
by multiham
Thu Jan 02, 2020 11:48 am
Forum: Investing - Theory, News & General
Topic: Taxable vs Tax Deferred
Replies: 14
Views: 1370

Re: Taxable vs Tax Deferred

We have more than you in tax-deferred, so you need some more. It is as simple as that. We are doing Roth conversions at a much lower tax rate than the money would be taxed at. Furthermore, contributing to tax-deferred lowers our AGI (that is, it is "above the line") which gives up more "space" for ...
by multiham
Thu Jan 02, 2020 11:08 am
Forum: Investing - Theory, News & General
Topic: Taxable vs Tax Deferred
Replies: 14
Views: 1370

Re: Taxable vs Tax Deferred

livesoft wrote:
Thu Jan 02, 2020 10:54 am
I don't think you have enough in tax-deferred yet.
Hi Livesoft,

Can you give me a little more on your thoughts or maybe point me in the direction on something to read?

Thank you!
by multiham
Thu Jan 02, 2020 11:05 am
Forum: Investing - Theory, News & General
Topic: Taxable vs Tax Deferred
Replies: 14
Views: 1370

Re: Taxable vs Tax Deferred

My question is should I back off on my 401K contributions (maybe the Post Tax part) so that I can build more taxable savings and emergency fund. My thinking (and this is where I need help) is that I can postpone taking my pension when I retire, live off the taxable investments, and try to convert s...
by multiham
Thu Jan 02, 2020 10:52 am
Forum: Investing - Theory, News & General
Topic: Taxable vs Tax Deferred
Replies: 14
Views: 1370

Re: Taxable vs Tax Deferred

KlangFool wrote:
Wed Jan 01, 2020 7:56 pm
OP,

1) What is your current marginal tax rate?

2) Do you pay state income tax?

KlangFool
24% and 3.2% for state
by multiham
Wed Jan 01, 2020 7:51 pm
Forum: Investing - Theory, News & General
Topic: Taxable vs Tax Deferred
Replies: 14
Views: 1370

Taxable vs Tax Deferred

Question on when is there too much in tax deferred vs. taxable. I've been doing a lot of reading on here over the holidays and have read many different opinions on this. I was hoping I could get some thoughts on my situation. 54 years old, spouse is 52 I plan on working for another 1 to 3 years. Spo...
by multiham
Wed Jan 01, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6869

Re: Parents vs. Kids Paying for College

I truly don't understand the dilemma here. Please pay/partially pay or don't pay for your kids education as you see fit. It is no one else's business on how you handle this. If there is a question on "best" ways to save and pay, then I think the posters here can help. Otherwise what you get is other...
by multiham
Mon Dec 30, 2019 10:05 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 445
Views: 115464

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Sometimes this site makes me sad. What’s the purpose of money? Use it. We are and are thoroughly enjoying ourselves. Agreed. Money is a great servant and a horrible master. I actually had to take a break from this site for a couple of weeks. IMHO there was too much "Your car is too expensive", "You...
by multiham
Sun Dec 29, 2019 11:52 pm
Forum: Investing - Theory, News & General
Topic: Barron's Cover article--Vanguard Led the Way for Decades. Now It’s Playing Catch-Up.
Replies: 141
Views: 13281

Re: Barron's Cover article--Vanguard Led the Way for Decades. Now It’s Playing Catch-Up.

I never understand these arguments. Everyone gets emotionally charged about 3 really well run companies. Each has its strengths and its weaknesses. I have most of my investments at Schwab (including banking), followed by Fidelity, and then Vanguard. I am one of the people who are calling customer se...
by multiham
Fri Dec 27, 2019 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up my 16 year old son for financial success
Replies: 62
Views: 4645

Re: Setting up my 16 year old son for financial success

I would make sure that your son is TRULY interested in any type of financial reading before you make all these suggestions. I have an 18 year old son who is a freshman at an OOS public University. He is now starting to take an interest in investments. We talk about it during long car rides to and fr...
by multiham
Thu Dec 26, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer at FAANG for $350k - Declining Offer
Replies: 161
Views: 18460

Re: Job offer at FAANG for $350k

I don't work for a technology company so my experience might not count. When you make that type of income at the company I work for, they own you. For example, they expected all the directors to be in the office on Christmas Eve morning for a final sales call for the year. They wanted to know what e...