Search found 164 matches

by billthecat
Thu May 24, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy.
Replies: 27
Views: 2132

Re: Fear vs. reality. Don't worry. Be happy.

Then there those who have four parents due to divorce and remarriage and siblings, all of whom are counting on the one person to pay for everything.
by billthecat
Tue May 22, 2018 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolio
Replies: 18
Views: 1465

Re: Schwab Intelligent Portfolio

So I opened up an account with Schwab Intelligent Portfolio. I'm not sure if I'm liking it so far. I like that there are no fees other than the ETF fees themselves, but even with the most aggressive portfolio, the mandatory cash reserve is 6%. Also, it's diversified in about 20 ETF's. Is that a goo...
by billthecat
Sun May 20, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: Re: done with Gmail
Replies: 96
Views: 9843

Re: done with Gmail

ThriftyPhD wrote:
Sun May 20, 2018 10:57 pm
If your system is crashing (I assume Windows?)...
LOL
by billthecat
Fri May 18, 2018 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in HSA Help
Replies: 4
Views: 609

Re: Investing in HSA Help

Is there any logic to investing your HSA in a healthcare fund? Thinking that the returns would approximate the change in healthcare prices?
by billthecat
Wed May 16, 2018 12:09 pm
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 127
Views: 8989

Re: The front page is wondeful

The purpose of the site is to provide an area for discussion of investing and personal finance. I can't see how that purpose would be served by adding needless decoration or annoying animation. Well written. This site is beautiful in content, so that makes it beautiful to the eye. The front page is...
by billthecat
Sun May 13, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Quest for the perfect online savings bank
Replies: 18
Views: 2254

Re: Quest for the perfect online savings bank

...I should be able to link the account to my brokerage and checking accounts... The simple solution is just keep cash in your brokerage account. Who needs an extra account for a couple of tenths of a percent on a few thousand bucks? 10k? More? No need to keep too much in cash . Prime Money Market ...
by billthecat
Wed May 02, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know when you have "won the game"?
Replies: 142
Views: 15251

Re: How do you know when you have "won the game"?

You know when confetti falls from the sky and Regis Philbin pops out saying "Congratulations, you're a million-aire!" To give you a more helpful answer, there is no sure thing. I quit my high-paying job at 36 with no kids, and we traveled for a while and I played a lot of golf. Then after taking tw...
by billthecat
Sat Apr 21, 2018 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking + Brokerage Account
Replies: 95
Views: 21744

Re: Charles Schwab Checking + Brokerage Account

the default overdraft protection is they sell stuff in your brokerage account to cover the check. that won't apply to you. i called customer service and turned overdraft protection off cuz thats just a stupid policy to have. Yes, that's pretty stupid if so. I thought it was actually margin on the s...
by billthecat
Wed Apr 18, 2018 11:59 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 156
Views: 15729

Re: Trinity Study updated to 2018

A disservice is done every time the Trinity study is equated to a retirement income withdrawal strategy. As the latter, it would have to be the worst method. The thought of setting a withdrawal rate, then never looking again at actual outcome, portfolio balance, inflation, etc. is reckless. What is...
by billthecat
Wed Apr 18, 2018 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Once retired, tools to determine available spend?
Replies: 18
Views: 1947

Re: Once retired, tools to determine available spend?

Have you looked at Optimal Retirement Planner - Extended Parameter Form , or Optimal Retirement Planner - Home and Essential Parameter Form as described in Journal A 3-Step Procedure for Computing Sustainable Retirement Savings Withdrawals ? Thanks - those still look like planning tools ("do I have...
by billthecat
Wed Apr 18, 2018 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Once retired, tools to determine available spend?
Replies: 18
Views: 1947

Re: Once retired, tools to determine available spend?

But once in retirement, is there a tool to determine how much you can spend over the next twelve months, based on your balances at that time? I'm not aware of any tool. I think most probably feel it doesn't warrant a tool. But I'm not sure I see what the problem with the VPW spreadsheet is? What do...
by billthecat
Wed Apr 18, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Once retired, tools to determine available spend?
Replies: 18
Views: 1947

Once retired, tools to determine available spend?

Hopefully this is in the right ssection. There are tools readily available (cfiresim.com, etc.) to essentially check if you have enough by backtesting spending strategies against past performance. But once in retirement, is there a tool to determine how much you can spend over the next twelve months...
by billthecat
Fri Apr 13, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3419

Re: Any advice for 1st time landlord

Review Schedule E. That's where you file all your rental related income and expenses. Most of the inputs are self explanatory. The only one that requires calculations is depreciation. It's the value of the house (not the land) when you put it into rental service then divided by 27.5. You will use t...
by billthecat
Sun Apr 08, 2018 8:49 pm
Forum: Personal Consumer Issues
Topic: Finance only laptop? Can I use an old one?
Replies: 25
Views: 1701

Re: Finance only laptop? Can I use an old one?

I think there are a couple of better solutions to your problem. 1. Run a "live CD" version of Linux off a CD or other write-protected storage (like an SD card). Just boot off that when you want to. Here's a huge list from which to choose: https://livecdlist.com. But here's the shorter list of "secur...
by billthecat
Sun Apr 08, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Recordkeeping system for retirees
Replies: 25
Views: 2716

Re: Recordkeeping system for retirees

The best / safest solution is probably what you've mentioned - storing everything on a local hard-drive as PDFs and replicating across back-up devices. I've considered doing exactly that for years in my quest for "less paper" but have never managed to find the time to get THAT organized..I consider...
by billthecat
Sat Apr 07, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3419

Re: Any advice for 1st time landlord

Review Schedule E. That's where you file all your rental related income and expenses. Most of the inputs are self explanatory. The only one that requires calculations is depreciation. It's the value of the house (not the land) when you put it into rental service then divided by 27.5. You will use t...
by billthecat
Fri Apr 06, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3419

Re: Any advice for 1st time landlord

I'm renting out my old house this month. Thought I'd give it a shot for a year or two to see if I have the stomach for dealing with the headaches. I've pretty much figured out all the basic stuff, but I'm sort of struggling with the accounting part, especially the idea of deducting depreciation and...
by billthecat
Fri Apr 06, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3419

Re: Any advice for 1st time landlord

Since depreciation is recaptured, and taxed, and also lowers your basis, which increases your capital gain, which is taxed, do landlords end up getting taxed twice? Sure, depreciation would have contributed to your expenses all along (or accumulated and taken at the end), so let's assume that's a w...
by billthecat
Fri Apr 06, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Article on "Buckets" at Morningstar. How Does The Bucket Approach To Retirement Allocation apply to you?
Replies: 23
Views: 2503

Re: Article on "Buckets" at Morningstar. How Does The Bucket Approach To Retirement Allocation apply to you?

My buckets are a little different in that I use buckets for investment purposes only, not spending. So for example, I have a taxable bucket which is more conservatively invested, and a tax-deferred bucket which is more aggressively invested. But, I look at the whole for purposes of asset allocation....
by billthecat
Fri Apr 06, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3419

Re: Any advice for 1st time landlord

I'm renting out my old house this month. Thought I'd give it a shot for a year or two to see if I have the stomach for dealing with the headaches. I've pretty much figured out all the basic stuff, but I'm sort of struggling with the accounting part, especially the idea of deducting depreciation and...
by billthecat
Tue Apr 03, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: No will. What happens to my accounts if I die?
Replies: 34
Views: 2799

Re: No will. What happens to my accounts if I die?

For inheritance, you can just designate beneficiaries for your accounts. That will transfer assets to them without the need for a will. For other stuff, of course (like real estate), you'd want a will. If you die without a will or designated beneficiaries for accounts then your assets would transfer...
by billthecat
Sun Apr 01, 2018 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid tax free bonds if planning to leave state at retirement?
Replies: 13
Views: 907

Re: Avoid tax free bonds if planning to leave state at retirement?

Perhaps I misunderstand the issue but I thought that the reason you choose muni bonds is their interest/dividends thrown off each year are fed and state tax free if issued from your state. But if you have capital gains those are still taxable. So of this is true there is no reason to switch away fr...
by billthecat
Sun Apr 01, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid tax free bonds if planning to leave state at retirement?
Replies: 13
Views: 907

Re: Avoid tax free bonds if planning to leave state at retirement?

Muni’s still makes sense for people in a high tax bracket. Do they let you pick another state specific fund group? The benefit may just be slightly lower. Not sure I follow - are you tinking that I would switch to a different state fund group if/when I move to another state? Wouldn't that have the ...
by billthecat
Sun Apr 01, 2018 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid tax free bonds if planning to leave state at retirement?
Replies: 13
Views: 907

Re: Avoid tax free bonds if planning to leave state at retirement?

Muni’s still makes sense for people in a high tax bracket. Do they let you pick another state specific fund group? The benefit may just be slightly lower. Not sure I follow - are you tinking that I would switch to a different state fund group if/when I move to another state? Wouldn't that have the ...
by billthecat
Sun Apr 01, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid tax free bonds if planning to leave state at retirement?
Replies: 13
Views: 907

Re: Avoid tax free bonds if planning to leave state at retirement?

Muni’s still makes sense for people in a high tax bracket. Do they let you pick another state specific fund group? The benefit may just be slightly lower. Not sure I follow - are you tinking that I would switch to a different state fund group if/when I move to another state? Wouldn't that have the ...
by billthecat
Sun Apr 01, 2018 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid tax free bonds if planning to leave state at retirement?
Replies: 13
Views: 907

Re: Avoid tax free bonds if planning to leave state at retirement?

Iliketoridemybike wrote:
Sun Apr 01, 2018 9:19 pm
Are the muni bonds state specific?
Yes, so, yes, these are both state and federal tax free.
by billthecat
Sun Apr 01, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid tax free bonds if planning to leave state at retirement?
Replies: 13
Views: 907

Avoid tax free bonds if planning to leave state at retirement?

For my taxable account, I use Schwab Intelligent Portfolio (SIP), their robo-advisor. I live in a high tax state so I've had the option to use (edit: state and federal) tax free bonds turned on. However, when I retire I plan to leave the state - and at that time, turn off the (edit: state tax free) ...
by billthecat
Thu Mar 29, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: TAXES - How to handle Rental Income Loss
Replies: 10
Views: 688

Re: TAXES - How to handle Rental Income Loss

Based on my initial tax return, I had a Net Loss of ~$5,000 this year on my rental property. Rental Income = +34,000 --------------------------------- Property Taxes = -$10,000 Mortgage Interest = -$10,000 Depreciation = -$11,000 Insurance = -$3,000 Maint. & Repairs = $2,000 Realtor Fee = $3,000 --...
by billthecat
Tue Mar 13, 2018 12:10 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio vs. Schwab Target Fund
Replies: 25
Views: 2828

Re: Schwab Intelligent Portfolio vs. Schwab Target Fund

I use Schwab Intelligent Portfolio for my taxable account, and a target date index fund for my tax-advantaged account. Hello, billthecat - Could you please explain how is the Schwab Int Port better for taxable accounts? Thx, LH Tax loss harvesting. That said, I’m not actually sure how the tax loss ...
by billthecat
Sun Mar 11, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Interesting interactive guide to early retirement & FI
Replies: 29
Views: 4060

Re: Interesting interactive guide to early retirement & FI

If I don't spend money like a drunken sailor, I could retire now. Whoa.
by billthecat
Fri Mar 09, 2018 9:00 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio vs. Schwab Target Fund
Replies: 25
Views: 2828

Re: Schwab Intelligent Portfolio vs. Schwab Target Fund

I use Schwab Intelligent Portfolio for my taxable account, and a target date index fund for my tax-advantaged account.
by billthecat
Fri Mar 09, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property sale - loss/gain?
Replies: 12
Views: 1102

Re: Rental property sale - loss/gain?

Real estate victim here (not a CPA). I'm guessing that your condo has no land, and that the basis for depreciation was based on the (reduced) value at the time you converted it to a rental. Your capital gain would be sales prices, less selling costs, less adjusted basis (which is your purchase price...
by billthecat
Mon Feb 19, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Best Investment Options with Zero Earned Income
Replies: 16
Views: 1095

Re: Best Investment Options with Zero Earned Income

Catfish Plumber wrote:
Mon Feb 19, 2018 3:19 pm
I don’t know if the other requirements fit here, but I don’t believe contributing to an HSA requires earned income.
Interesting. Almost like another backdoor Roth. Lots of qualifiers (HDHP, medical expenses only until 65).

Maybe we should call this a side door Roth.
by billthecat
Thu Feb 08, 2018 11:31 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13775

Re: "The stock market is officially in a correction... here's what usually happens next"

I have a pile of cash (about 200k remaining) that I was DCA'ing into my robo-advisor taxable account, first week of each month - so I just did that (50k) Monday.

I'm trying to decide if I should not wait until the first week of March for the next tranche and instead dump another 50k in now.
by billthecat
Fri Jan 26, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Rental Properties and Capital Gains
Replies: 10
Views: 1324

Re: Rental Properties and Capital Gains

Yes, the recapture amount is taxable income. Suppose the total gain from the sale is $70K, made up of recapture of10K, and the remaining gain of $60K. these amounts are "stacked" on top of your other ordinary income. Suppose taxable income otherwise is $5K (that is, work income is $50K, and the sta...
by billthecat
Wed Jan 24, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: Any logic to picking multiple target date funds?
Replies: 16
Views: 1341

Re: Any logic to picking multiple target date funds?

Just out of curiosity... Say you plan to retire early, and you need your retirement to last 35+ years, for the purpose of making withdrawals, is there any logic to picking several target date funds? For example, you would withdraw from the earliest target date fund and let the one you'll need to us...
by billthecat
Sun Jan 21, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab vs fidelity
Replies: 25
Views: 3272

Re: Schwab vs fidelity

To the OP -- You can first rollover to a Fidelity IRA, and then do an IRA to IRA transfer, as a previous poster suggested. It's fairly simple. Both Fido and Schwab allow you to sell funds without transaction fees, so you can setup a proper asset allocation in either. Just bear in mind that you are ...
by billthecat
Sat Jan 20, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab vs fidelity
Replies: 25
Views: 3272

Re: Schwab vs fidelity

To the OP -- You can first rollover to a Fidelity IRA, and then do an IRA to IRA transfer, as a previous poster suggested. It's fairly simple. Both Fido and Schwab allow you to sell funds without transaction fees, so you can setup a proper asset allocation in either. Just bear in mind that you are ...
by billthecat
Mon Jan 15, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Electronic delivery of forms
Replies: 6
Views: 428

Re: Electronic delivery of forms

I am talking about delivery TO the investment company. I have spent two days trying to deliver to Vanguard a completed and signed form for transfer of shares. The only choice I have it seems is fax or snail mail. You would think a company that encourages me to accept delivery my documents electroni...
by billthecat
Mon Jan 15, 2018 10:39 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 315
Views: 30900

Re: Post your Financial Milestone Announcements Here

I reached my minimum goal of $2.4M, roughly: $1M in stocks, bonds, cash, alternative $1M in net liquidated rental real estate equity $400K in net liquidated home equity Technically, I could stop now. After all, I’m only supporting myself. :( But it’s not allocated the way I want, and, yeah, I want a...
by billthecat
Fri Jan 12, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Storing Important Documents Online
Replies: 27
Views: 1526

Re: Storing Important Documents Online

You could just encrypt it before uploading it. This works especially well for static documents (i.e., you're not constantly editing).

For example, on the Mac just create an encrypted disk image, put the documents in that, and upload the image to cloud storage.
by billthecat
Thu Jan 04, 2018 2:12 am
Forum: Investing - Help with Personal Investments
Topic: Help my 7 year old daughter invest $50 of her Christmas money
Replies: 30
Views: 2546

Re: Help my 7 year old daughter invest $50 of her Christmas money

What about matching her $50 with another $50, opening a Schwab custodial account (account min. $100), and buying a target date index fund such as SWYNX?

That would get her access to an amazingly diverse array of low cost investments.
by billthecat
Wed Jan 03, 2018 5:01 am
Forum: Personal Finance (Not Investing)
Topic: Downloading eStatements from Schwab
Replies: 4
Views: 472

Re: Downloading eStatements from Schwab

Is there an easier way to download eStatements from Schwab? It is pathetically cumbersome and painful to pull statements, trade confirmations, tax forms from the various accounts… If anyone has a better way to receive these e-statements, please kindly advise. Many thanks. If you go to the page list...
by billthecat
Mon Jan 01, 2018 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to take advantage of lowered property value?
Replies: 24
Views: 1667

Re: How to take advantage of lowered property value?

Double down. Contact others to see about putting their toweres on your property?
by billthecat
Sat Dec 30, 2017 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Target Net Worth
Replies: 39
Views: 4909

Re: Target Net Worth

What is you target net worth and how did you come up with it? I never had a "target net worth". It's just something that turned out better than I expected by the time thoughts of retirement age came around. Along the way, I did try to make sure I was always far ahead of the curve. What's more impor...
by billthecat
Thu Dec 28, 2017 11:11 pm
Forum: Investing - Theory, News & General
Topic: The Growing Peril of Index Funds: Too Much Tech
Replies: 67
Views: 6297

Re: The Growing Peril of Index Funds: Too Much Tech

Interesting. I guess then for added diversification it's nice that Schwab Intelligent Portfolios include fundamental weighted ETFs.

https://intelligent.schwab.com/public/i ... value.html
by billthecat
Tue Dec 26, 2017 2:27 am
Forum: Personal Finance (Not Investing)
Topic: AMT Disallowed Rental Depreciation Deduction; Now Sold Property and All Depreciation Included?
Replies: 2
Views: 543

Re: AMT Disallowed Rental Depreciation Deduction; Now Sold Property and All Depreciation Included?

Didn't they carry forward on form 8582, as part of all your psssive activity loss limitations? You should have two Forms 8582 from 2016, one for regular and one for AMT, that you can refer to. The idea then is that you do have depreciation recapture, but you also deduct all your accumulated losses. ...
by billthecat
Sun Dec 10, 2017 11:11 pm
Forum: Investing - Theory, News & General
Topic: Do ETFs have the same issue as mutual funds at year end (distributions)?
Replies: 13
Views: 2206

Do ETFs have the same issue as mutual funds at year end (distributions)?

I've seen commentary about how one should avoid adding money to mutual funds near year end because of the distubitions from such funds, which would be subject to taxation.

Do ETFs have the same issue?
by billthecat
Sun Dec 10, 2017 4:04 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 4639

Re: Buying index funds is just as speculative as buying Bitcoin

livesoft wrote:
Sun Dec 10, 2017 3:12 pm
This thread is probably confirmation of something.
How can one sell short Bitcoin?
by billthecat
Tue Dec 05, 2017 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: New Cash - dollar-cost averaging in?
Replies: 35
Views: 2349

Re: New Cash - dollar-cost averaging in?

Because DCA wins and loses by a little, but lump sum wins and loses by a lot. So it's a matter risk tolerance. Check out the Vanguard report I linked to. That is a simple reflection of the fact that being invested wins and loses by a lot and not being invested wins and loses according to what one w...