Search found 4762 matches

by aristotelian
Mon Nov 19, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Selling Investments to Pay Down Debt
Replies: 11
Views: 926

Re: Selling Investments to Pay Down Debt

Credit card debt is an emergency. I would spend the taxable down to 1k. Do you qualify for any balance transfer options to get a 0% interest rate? I would do that before raiding the Roth. If you are looking at 20% interest on the CC, I would reluctantly use the Roth.
by aristotelian
Mon Nov 19, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Is my husband ready to quit tenured professorship to pursue side hustle?
Replies: 64
Views: 5281

Re: Is my husband ready to quit tenured professorship to pursue side hustle?

OP, lots of folks have given reasons for him to keep working if they were in his shoes. I don't think anyone has given a compelling negative answer to your specific question, is he financially ready to retire. Again, based on your calculations, pensions, SS, and a modest 3% withdrawal from your port...
by aristotelian
Sun Nov 18, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 28
Views: 2851

Re: Am I understanding this right about DAFs? If so...wow

One consideration is that you get the standard deduction, so the benefit of donations is only from amounts you give above the standard deduction. Also keep in mind that the DAF will charge expenses, so it might behoove you to do #3. Basically the choice is between staying in non optimal funds vs th...
by aristotelian
Sun Nov 18, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: Why do people think CD rates will keep going up?
Replies: 43
Views: 5770

Re: Why do people think CD rates will keep going up?

As with any bond or CD, the market is pricing in the best available risk free return. You are always taking the risk of interest rates increasing as well as opportunity cost of money out of market. 4% is a very good deal. I recently purchased a 5 year CD at 3.5%. I get 4% from TIAA Traditional but ...
by aristotelian
Sun Nov 18, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is my husband ready to quit tenured professorship to pursue side hustle?
Replies: 64
Views: 5281

Re: Is my husband ready to quit tenured professorship to pursue side hustle?

IMHO, keep the tenured job until at least 65. It's too good of a gig to give up. People burn out of gigs that are good on paper. Teaching the same intro course over and over could get old after 10 years. Sweet gig is subjective and it seems clear he is ready to give it up. Why force himself to keep...
by aristotelian
Sun Nov 18, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 332
Views: 21559

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

jadedfalcons wrote:
Sun Nov 18, 2018 10:25 am
mx711yam wrote:
Sun Nov 18, 2018 8:07 am
So guidance to get out of Saturna closing fee is pull all cash then close?
Given that Saturna is a brokerage account, I'm wondering if couldn't be transferred as is?
They still may charge a transfer or account closing fee!
by aristotelian
Sun Nov 18, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: parents buying home for sibling
Replies: 44
Views: 5367

Re: parents buying home for sibling

Since when are children entitled to their inheritance? Arguably, charities that the parents might otherwise support are also getting "screwed". Equity between children is a reasonable expectation. How one achieves equity is complicated, hence my recommendation of a nearly 500 page book rather than ...
by aristotelian
Sun Nov 18, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 28
Views: 2851

Re: Am I understanding this right about DAFs? If so...wow

Also keep in mind that the DAF will charge expenses, so it might behoove you to do #3. Basically the choice is between staying in non optimal funds vs the DAF fee dragging against your donation fund. The DAF has expenses but it is invested and has income that can cover those expenses. Likely still ...
by aristotelian
Sun Nov 18, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 28
Views: 2851

Re: Am I understanding this right about DAFs? If so...wow

One consideration is that you get the standard deduction, so the benefit of donations is only from amounts you give above the standard deduction. Also keep in mind that the DAF will charge expenses, so it might behoove you to do #3. Basically the choice is between staying in non optimal funds vs the...
by aristotelian
Sun Nov 18, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Is my husband ready to quit tenured professorship to pursue side hustle?
Replies: 64
Views: 5281

Re: Is my husband ready to quit tenured professorship to pursue side hustle?

Appears SS+pension can account for most of your expenses. Your portfolio can provide another $25-$30k. I would consider the textbooks to be gravy. Enjoy your golden years while you still can.
by aristotelian
Sun Nov 18, 2018 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Trying to create a portfolio I can manage myself
Replies: 8
Views: 1003

Re: Trying to create a portfolio I can manage myself

For small value, Schwab has SLYV commission free.
by aristotelian
Sun Nov 18, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: parents buying home for sibling
Replies: 44
Views: 5367

Re: parents buying home for sibling

Yeah, so it's beyond me to summarize and address all the potential issues going on here. There's a whole book on this type of thing: https://www.amazon.com/Beyond-Grave-Revised-Updated-Children/dp/0062336223/ref=sr_1_1?ie=UTF8&qid=1542505276&sr=8-1&keywords=beyond+the+grave+book Ultimately this has...
by aristotelian
Sun Nov 18, 2018 3:30 am
Forum: Investing - Theory, News & General
Topic: Why do people think CD rates will keep going up?
Replies: 43
Views: 5770

Re: Why do people think CD rates will keep going up?

As with any bond or CD, the market is pricing in the best available risk free return. You are always taking the risk of interest rates increasing as well as opportunity cost of money out of market. 4% is a very good deal. I recently purchased a 5 year CD at 3.5%. I get 4% from TIAA Traditional but t...
by aristotelian
Sun Nov 18, 2018 3:03 am
Forum: Investing - Help with Personal Investments
Topic: Is it 'Market Timing' (i.e., Bad) to Have an Investment Plan Where You Increase Stock Allocation if Market Declines?
Replies: 25
Views: 2395

Re: Is it 'Market Timing' (i.e., Bad) to Have an Investment Plan Where You Increase Stock Allocation if Market Declines?

That sounds like the very definition of market timing. It may or may not work, but it is market timing in that you have to know when the bottom is reached to buy back in, plus you need to know when to sell again after the market has peaked. You risk further losses on the way down and missing gains o...
by aristotelian
Sun Nov 18, 2018 2:53 am
Forum: Investing - Help with Personal Investments
Topic: solo 401k worth it, if I can only put $3200 a year in it?
Replies: 18
Views: 1051

Re: solo 401k worth it, if I can only put $3200 a year in it?

I have one for a similar side hustle. To me it is worth it. Remember, that is $700 every year so the benefit will add up. Also, I don't like my W-2 401k options, so I plan to underfund it next year and putting more in the Solo 401k.
by aristotelian
Sun Nov 18, 2018 2:41 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 332
Views: 21559

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Based on the info I received from TD, there will be a $50 transfer fee on their side unless you liquidate all shares. So no fee from TDA if you transfer cash only? And the $50, is that a fixed fee, or per position (or something similarly crazy)? Yes, they said free to transfer cash, $50 for the who...
by aristotelian
Sat Nov 17, 2018 7:51 pm
Forum: Investing - Theory, News & General
Topic: Side Hustle Newbie, Solo 401k Best Use Question
Replies: 5
Views: 514

Re: Side Hustle Newbie, Solo 401k Best Use Question

OP, I would recommend putting all your numbers in TurboTax at the end of the year. You can click a button to determine your max Solo 401k contribution.
by aristotelian
Sat Nov 17, 2018 6:37 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 332
Views: 21559

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

New to the forum - great information in this thread! I have an HSA with Elements financial with a linked TDAmeritrade account. My plan would be to just transfer the TDAmeritrade assets using the Fidelity online transfer as follows: - Transfer --> see more transfer options - Transfer Assets from Ano...
by aristotelian
Sat Nov 17, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 319
Views: 47832

Re: New HSA provider Lively offers investments for $30/yr fee

I opened my account in January so I will probably wait until February to close just to be safe. Are you going to transfer anything before you close the Lively account? I think I have 5 more months to reach the one year mark at Lively. I'm going to transfer a few bucks from TDA to Lively and then se...
by aristotelian
Fri Nov 16, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 319
Views: 47832

Re: New HSA provider Lively offers investments for $30/yr fee

For those contemplating switching from Lively to Fidelity, I received an email back from TD Ameritrade indicating a $50 fee for in-kind account transfer. No charge to transfer if you liquidate the cash first. :annoyed I will certainly take that up with Lively when I inevitably receive the same emai...
by aristotelian
Fri Nov 16, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 319
Views: 47832

Re: New HSA provider Lively offers investments for $30/yr fee

For those contemplating switching from Lively to Fidelity, I received an email back from TD Ameritrade indicating a $50 fee for in-kind account transfer. No charge to transfer if you liquidate the cash first.
by aristotelian
Fri Nov 16, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Young Professional...No Safe Investment? Pay off Debts?
Replies: 22
Views: 1619

Re: Young Professional...No Safe Investment? Pay off Debts?

At 26, a crash would be great for you. You would have very little invested on the front end, and many, many years to invest on the way back up.

Paying off debt is a great idea as well. Can't lose either way.
by aristotelian
Fri Nov 16, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Move money from VG Total Bond Market Index Fund into TIAA Traditional?
Replies: 3
Views: 473

Re: Move money from VG Total Bond Market Index Fund into TIAA Traditional?

I would certainly keep some in liquid funds and not tied up in TIAA Traditional for 10 years, plus as a hedge in case interest rates go above 4%.
by aristotelian
Fri Nov 16, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 319
Views: 47832

Re: New HSA provider Lively offers investments for $30/yr fee

I asked Lively about retention incentives and account closure fees. Here is what I received: Glad to hear you have been happy so far! We have no plans to lower fees or offer retention incentives at this time. That said, there are more investment options through TD Ameritrade and we also do not requ...
by aristotelian
Fri Nov 16, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 319
Views: 47832

Re: New HSA provider Lively offers investments for $30/yr fee

I asked Lively about retention incentives and account closure fees. Here is what I received: Glad to hear you have been happy so far! We have no plans to lower fees or offer retention incentives at this time. That said, there are more investment options through TD Ameritrade and we also do not requi...
by aristotelian
Thu Nov 15, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 332
Views: 21559

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I emailed Lively to see if they will match Fidelity and they said no, fees are still in effect, no retention incentives. Looks like I will be heading to Fidelity...
by aristotelian
Thu Nov 15, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should I fund a 401k by drawing down a taxable account?
Replies: 16
Views: 817

Re: Should I fund a 401k by drawing down a taxable account?

If you draw down your taxable account, what would be your plan for the first five years of early retirement? You would be at risk of incurring penalties on your 401k, which would defeat the purpose of the slight premium you are getting of at most 12%. Especially since you are not saving in Roth on t...
by aristotelian
Thu Nov 15, 2018 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: separate account for children
Replies: 4
Views: 457

Re: separate account for children

For the flexibility you want, it seems like keeping the money in your name in a brokerage account is the best option. You can gift your kids 15k each annually and up to $11M over your lifetime.
by aristotelian
Thu Nov 15, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Satisfied with 3% Returns for the last 10 years of working?
Replies: 13
Views: 2140

Re: Satisfied with 3% Returns for the last 10 years of working?

I am in a similar situation and I really don't have a good answer for you. So far just staying the course. At a certain point I may stop rebalancing.
by aristotelian
Wed Nov 14, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching young folks how to save for retirement
Replies: 27
Views: 1889

Re: Teaching young folks how to save for retirement

I really don't think a lack of effort to teach "how" is a core problem. It's not like every young person doesn't already have access to all the information they could ever want on the web. Motivated people will research, read, and figure it out, at least eventually. The issue is motivation. My empl...
by aristotelian
Wed Nov 14, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Interested in filing my own taxes
Replies: 9
Views: 959

Re: Interested in filing my own taxes

+1 for freetaxusa in your situation. Only thing it can't do is automatic downloading of brokerage transactions, so you have to manually enter 1099div and 1099b data.
by aristotelian
Wed Nov 14, 2018 9:42 am
Forum: Investing - Help with Personal Investments
Topic: VBTLX vs. Vanguard Federal Money Market Fund
Replies: 13
Views: 1559

Re: VBTLX vs. Vanguard Federal Money Market Fund

Yes, as stated in the paragraph you quoted, in the intermediate to long term, bonds outperform cash, and nobody knows when interest rates will stop rising. It could be tomorrow if stocks crash for some unanticipated reason.
by aristotelian
Tue Nov 13, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 3007

Re: Social Security Claiming Strategy - Seeking Confirmation

Appreciate the replies. I put several scenarios through Mike Piper's SS tool and, as noted, it doesn't make a huge difference when the election is made for the lower earning spouse. It does confirm that "earliest is best" under our situation. As an aside, I did pick up Mike's book, although it does...
by aristotelian
Tue Nov 13, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 95
Views: 7785

Re: Finances in NYC

I lived in Williamsburg for 5 years and loved it, but it's no longer the cheap or 'up and coming' option. If was looking for value, I'd look at the Upper East Side or Upper West Side before I'd look at Williamsburg, assuming the OP wants to be in the Bedford Ave area and not out towards Bushwick. A...
by aristotelian
Tue Nov 13, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 49
Views: 4863

Re: Is maxing out Tax defered 401(k) enough?

Enough for what? Many people do just fine working until 62 and subsisting on minimal Social Security. Most people do not come anywhere close to maxing their 401k (if they even have one). It all depends on how early you want to retire and how much spending you need to support in retirement. Personall...
by aristotelian
Tue Nov 13, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds vs. Savings Account
Replies: 28
Views: 1557

Re: Bonds vs. Savings Account

For an accumulating investor, a 10% cash allocation probably isn't going to make a difference. For a conservative 30/70 investor in retirement, that is a lot of money to be earning 2% when inflation is likely higher than that, and you could be earning 3-3.5% in bonds.
by aristotelian
Tue Nov 13, 2018 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Won a lawsuit after a wrongful death in the family. How to invest?
Replies: 18
Views: 3220

Re: Won a lawsuit after a wrongful death in the family. How to invest?

OP, I had a similar situation in my youth. The money is no substitute for the loss. That said, it has been an important nest egg of security for my whole life. Do not squander it! I wish I had known what I know now about investing due to this forum. Take your time and educate yourself. A couple thin...
by aristotelian
Mon Nov 12, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp good idea?
Replies: 25
Views: 2622

Re: Deferred Comp good idea?

This sounds like a non-governmental 457b to me. There can be some downsides. I would probably not be interested. but some people are. Neither here nor there, but 457's are great. I wish I had one. All the benefits of 401k but no penalties for early withdrawal. OP's is different in that he would fac...
by aristotelian
Mon Nov 12, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 95
Views: 7785

Re: Finances in NYC

If you look at Bankrates cost of living calculator you see that $58k in Columbus is equivalent to $145k in Manhattan and $111k in Brooklyn, with the difference being rent/mortgage. From a financial perspective the new wage is comprobale to your current wage adjusted for COL in NYC. OP, I would enco...
by aristotelian
Mon Nov 12, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: Can you suggest where to live if work at UCLA
Replies: 40
Views: 3132

Re: Can you suggest where to live if work at UCLA

Without knowing more about preferences and budget, Culver City and Mar Vista come to mind.
by aristotelian
Mon Nov 12, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 123
Views: 5285

Re: Point and shoot camera

I don't even understand why this thread is a thing. OP asked for a P&S, not any of the other things folks are trying to sell him. He later clarified that he's not interested in spending a ton. 90% of the posts here aren't helpful or responsive. There are many threads where someone asks for advice a...
by aristotelian
Mon Nov 12, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Kids Inheritance - Lump Sum or SWR?
Replies: 13
Views: 1241

Re: Kids Inheritance - Lump Sum or SWR?

If you do SWR, the most common result will be that the kids end up with more money than they started with and they won't be able to touch most of it. If you want to ensure that the money lasts their lifetime, VPW would be a better option. Personally, I would do a lump sum unless my kids were drug ad...
by aristotelian
Mon Nov 12, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1932

Re: Severance | 401(k)

Can't you just do both? Max out 401(k) now. When you get a new job, max out 401(k) then (again) + match. Tell old company you over-contributed to 401(k) and request return of all (excess) contributions and earnings for 2019. No, you are only allowed $19K employee contributions across all plans, and...
by aristotelian
Mon Nov 12, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 10946

Re: Panic set in... now what?

OP, You are in excellent shape no matter what you do. If you want to invest conservatively, you are free to do so. You have over $1M in liquid assets with social security eligibility only a few years away, and a reasonable lifestyle well within your means. I want to take issue with one thing you sai...
by aristotelian
Mon Nov 12, 2018 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1932

Re: Severance | 401(k)

Can't you just do both? Max out 401(k) now. When you get a new job, max out 401(k) then (again) + match. Tell old company you over-contributed to 401(k) and request return of all (excess) contributions and earnings for 2019. No, you are only allowed $19K employee contributions across all plans, and...
by aristotelian
Mon Nov 12, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1932

Re: Severance | 401(k)

I would fill up the current 401k. You will have the money and ensure deductibility. You do not know when you will get the next job. Counterpoint: any match is a guaranteed 100% immediate return, while the deduction is only worth your marginal rate. The match has much higher upside. If you believe i...
by aristotelian
Mon Nov 12, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: TIAA R1 With Painfully High Expenses - stuck?
Replies: 34
Views: 1926

Re: TIAA R1 With Painfully High Expenses - stuck?

Well, the fees for mowing the lawn aren't included in TIAA, but I believe some of the management fees that REITs occur (but aren't included in the Vanguard ER) are included. TIAA owns the properties (or at least mostly does.) The VG fund owns the companies that own the properties. I have always hea...
by aristotelian
Sun Nov 11, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should we open 1 or 2 HSAs?
Replies: 10
Views: 809

Re: Should we open 1 or 2 HSAs?

The only reason to have separate HSAs would be if you need them to receive employer contributions.
by aristotelian
Fri Nov 09, 2018 9:30 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 123
Views: 5285

Re: Point and shoot camera

Since we're in November, I'd wait for Black Friday deals. I'd seriously consider a small DSLR like the Nikon D3500 w/ 18-55 kit lens. The photos are significantly better. Mirrorless cameras (Sony A6000) are also significantly better than point and shot and much more compact than a DSLR. If not, Can...
by aristotelian
Fri Nov 09, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement and Asset Allocation
Replies: 20
Views: 1968

Re: Early Retirement and Asset Allocation

Personally, I would go conservative for now, perhaps 60/40 or 50/50. How would you feel if the market dropped 30% tomorrow? Then you are starting a long retirement with only 17 years expenses, way below the safe level. Reevaluate when you hit SS and have for the most part avoided sequence of returns...