Search found 440 matches

by thangngo
Mon Dec 18, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 64
Views: 14266

Re: Tracking progress to $1M portfolio and no mortgage by 40

Keep it up! Just focus on hitting singles and not home runs, you'll get there.
by thangngo
Mon Dec 18, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: When to trade in a car?
Replies: 8
Views: 491

Re: When to trade in a car?

Should I sell my Civic now, pay off the $7,500 loan I have and buy a 2009 or so Honda Fit for $4000 until I get the Camry in a couple years? Thanks! That only cleared up around $3,500 without considering transaction fees, state tax and registration, and losing in negotiation when trading in. It's n...
by thangngo
Mon Dec 18, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 53
Views: 1736

Re: Spending on myself, am I off base here?

I'm trying to figure out if I'm being unreasonable regarding a discretionary purchase as it has led to a disagreement with my wife. Ok, tell me if I'm off base here. I can see reasons from both sides. But I would lean towards your wife's reasoning. You are not being unreasonable, but spending $5k o...
by thangngo
Mon Dec 18, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Traditional 401K, Roth 401K, or a mixture?
Replies: 11
Views: 636

Re: Traditional 401K, Roth 401K, or a mixture?

You're right. Consensus here seems to be pretty much split regarding pre-tax and after-tax contributions here. Making the decision slightly difficult. I appreciate everyone's input thus far. I've been in your shoes before. I have asked about the same question: traditional 401k, or Roth 401k, or a m...
by thangngo
Sun Dec 17, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Buy on Ex-Div Date or Just Afterwards?
Replies: 20
Views: 2316

Re: Buy on Ex-Div Date or Just Afterwards?

Thank you livesoft! I received year-end bonus on the 15th and will wait until 12/21/2017 (ex-dividend dates of most of my ETFs and funds) before I put in the buy order. There's no point paying for dividends while I can wait 4 more days. Ha! You cannot predict the future. Maybe when a certain politi...
by thangngo
Sun Dec 17, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: Clever use of a "C" Corporation
Replies: 20
Views: 2011

Re: Clever use of a "C" Corporation

Hi, I own all or part of several pass-through entities (S-corporations and LLCs) that collectively throw off a few hundred thousand dollars each year. In some cases the entities perform services (for fees) for each other, and it is plausible to split one of the corporations into two, if it made sen...
by thangngo
Sun Dec 17, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Buy on Ex-Div Date or Just Afterwards?
Replies: 20
Views: 2316

Re: Buy on Ex-Div Date or Just Afterwards?

This price drop will occur just before the market opens on the ex-dividend date, so buying on the ex-dividend date will accomplish what you want to do. At this point I think it is worth the effort. For instance, if you receive the dividend by buying before the ex-div date and then sell all your sha...
by thangngo
Fri Dec 15, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 20979

Re: Prepayment of SALT Taxes? [State and Local]

Please see this article https://www.journalofaccountancy.com/news/2017/dec/tax-deduction-for-prepaying-anticipated-state-income-tax-201718054.html I heard today that the AICPA plans to issue some guidance that states, in their opinion, there is no substantial authority for claiming a 2017 tax deduc...
by thangngo
Fri Dec 15, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: States with tax-friendly policies for dividends/LTCG
Replies: 13
Views: 1555

Re: States with tax-friendly policies for dividends/LTCG

livesoft wrote:
Mon Dec 11, 2017 7:16 pm
TX is pretty friendly for div and capital gains: state tax is always 0%.
Yep. Except that if you're not careful, you'll pay a lot of property tax instead. Unless the OP wants to buy/rent less house, he/she will still pay state tax in the form of property tax.
by thangngo
Fri Dec 15, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are you prepaying real-estate taxes this year?
Replies: 16
Views: 1989

Re: Are you prepaying real-estate taxes this year?

I think it's being discussed in various topics already.

It depends. How much of the actual tax dollars would you save? Do you have any AMT limitation? Everyone's tax situation is different.
by thangngo
Fri Dec 15, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: Am I wrong in thinking about the bull this way?
Replies: 12
Views: 2072

Re: Am I wrong in thinking about the bull this way?

If I started the year with a $1000 on January 1st and it has grown 10% to $1100 and then drops 20% that's better than not growing at all and then dropping 20% to 800, right? If you are in it for the gain, you must take the loss when it comes. Don't be greedy. This year I have 20%+ gain, I expect to...
by thangngo
Thu Dec 14, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional, Roth, Taxable - what's my right mix?
Replies: 9
Views: 750

Re: Traditional, Roth, Taxable - what's my right mix?

1. Is my current mix of mostly traditional vs. roth optimal for a somewhat early (50-55) retirement? 2. Are my future contributions (no roth) likely a mistake? Overtime the roth number will continue to drop. 3. Given we desire some flexibility to potentially build a house, go on many vacations, buy...
by thangngo
Thu Dec 14, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Reached 50X annual spending. Now what?
Replies: 56
Views: 5938

Re: Reached 50X annual spending. Now what?

Thanks to the continuing bull market, my nest egg has reached 50X annual spending. From what I've gathered in this forum, that would consider me relatively "bulletproof." (Please correct me if I'm wrong.) However, I'm not sure what my proper asset allocation should be. I know it's a subjective deci...
by thangngo
Wed Dec 13, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 117
Views: 6677

Re: How much did you contribute to your 401k in 2017?

Two questions: 1) How much did you contribute to your 401k in 2017? 2) What is your current age? I'll start. Age 38. 2017 employee contributions are $14,000. Wife contributed maybe $12,000. Me: 1) max, plus 5.5k employer contribution. 2) early 30s Wife: 1) 12k, plus 5k employer contribution 2) late...
by thangngo
Wed Dec 13, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 2981

Re: WHO IS RIGHT ME or SPOUSE

MY yearly Christmas gift for grandchildren is $100 each (4 grandchildren) One (a male) was married this year and I gave $1,000 cash to him as a wedding gift. I proposed again to wife we give each $100. My wife said what about the wife of my grandson who was married this year ??? This caused an argu...
by thangngo
Wed Dec 13, 2017 1:07 pm
Forum: Investing - Theory, News & General
Topic: Accelerating deductions into 2017
Replies: 5
Views: 689

Re: Accelerating deductions into 2017

Your line of thinking is correct. I just want to add: 1) Make sure you calculate your AMT before accelerating any itemized deductions to make certain that it's worth it. 2) You can also deduct sales tax on big ticket item that you plan to purchase in 2018 that can be accelerate into 2017. 3) You can...
by thangngo
Tue Dec 12, 2017 7:12 pm
Forum: Investing - Theory, News & General
Topic: Automated Market Timing
Replies: 66
Views: 3400

Re: Automated Market Timing

Now I'd like to leave you with this thought: 80% of active managers, people who make it their entire job to learn everything there is to know and use powerful trading computers, underperform the market. Now you guys are intelligent individuals, and you think it is an interesting puzzle to get the r...
by thangngo
Tue Dec 12, 2017 5:45 pm
Forum: Investing - Theory, News & General
Topic: Automated Market Timing
Replies: 66
Views: 3400

Re: Automated Market Timing

As I read, I began to wonder whether, just as some use roboadvisors to automate tax loss/gain harvesting, eventually we might be able to automate tactical reallocation according to a pre-arranged decision by the investor. An automated process like this would allow an investor to remain hands-off an...
by thangngo
Tue Dec 12, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 67
Views: 6702

Re: Year end review with less nerdy spouse

I'm sure I'm not the only one who takes the personal finance lead in marriage. My DW is certainly not frivolous and generally we follow a budget (I like to call it our spending plan), but I'm the analyzer and spreadsheet jockey. We review our spending plan monthly, but at year end I like to bring i...
by thangngo
Tue Dec 12, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to report property tax
Replies: 6
Views: 354

Re: How to report property tax

You should report it the same exact way your reported it when the bank was paying it for you versus you paying it yourself - you just need to save your own statements and receipts in case you are audited. If you autopaid it - did you download a PDF statement of the bill? Or did you get the bill in ...
by thangngo
Tue Dec 12, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 156
Views: 15929

Re: What to do after losing $117k in stock market?

Learn from it. Don't pick individual stocks. You win some and you lose some, but you don't have unlimited amount of money to keep betting.
by thangngo
Mon Dec 11, 2017 10:12 pm
Forum: Investing - Theory, News & General
Topic: Call the Top!
Replies: 29
Views: 2639

Re: Call the Top!

Given that there seems to be a persistent feeling (in the general public at least), that the market is over-valued, bubblish, and/or over-due for a correction; it might be fun to have a "Call the Top" contest. Proposal: Call the peak value of the S&P 500 (up to two decimals) that it achieves prior ...
by thangngo
Mon Dec 11, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Work bonus Tax question
Replies: 6
Views: 671

Re: Work bonus Tax question

Hello all, I received a $1,000 bonus but noticed they taxed about $500. My regular pay checks, bi weekly, get taxed much much lower than $500 and I make more than $1000. Can someone help me understand why I am being taxed so much??? My employer is a private University if that makes any difference. ...
by thangngo
Sun Dec 10, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Silicone Rings
Replies: 12
Views: 1534

Re: Silicone Rings

karpems wrote:
Sun Dec 10, 2017 4:14 pm
I’ve seen lots of people recently wearing silicone wedding rings. I think this is a great idea. Does anyone have any experience with any brands?
We use Qalo silicon rings and we love it. It's perfect for us who do a lot of activities and work around the house. They become the only rings we wear.
by thangngo
Sun Dec 10, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for Filing Jointly
Replies: 6
Views: 426

Re: Preparing for Filing Jointly

Marriage penalty for a similar high income couple is a well-known issue. It's written in the current law so there's no way to get around it. You'll have to make more money so tax won't be an issue, or you just don't get married at all. Why your finance's federal tax withholding is so low (7%) relati...
by thangngo
Sun Dec 10, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Cash heavy and unsure
Replies: 12
Views: 1049

Re: CDs and treasuries

Why would anyone buy treasuries over CDs? I am not an accomplished investor, but I have read enough of the fine print to know the difference. Why would one choose treasuries over a CD if investing under $250,000? 1) You are not diversified in stocks. 2) You are losing money with inflation on your 7...
by thangngo
Sun Dec 10, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8939

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

There is so much wisdom on this site, I’m hoping to tap into it yet again. My DH and I have been married for 10 years and have one DD, age 8. Although we have plenty of advantages (both college educated, good jobs, etc) we still are what I would call bumbling through life and rudderless. Part of th...
by thangngo
Sat Dec 09, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 181
Views: 13592

Re: Save all this money, what do you splurge on?

As I get older, it's hard to find anything to splurge on. I'd say travel, going to places and expand my knowledge and experience. But I'm traveling and taking many trips while maintain at least 33% saving rate. Maybe car? But I'm already driving the car I love and enjoy every minute of it. It's hard...
by thangngo
Sat Dec 09, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: What MPG App Do You Use To Track Fuel Usage ?
Replies: 61
Views: 2395

Re: What MPG App Do You Use To Track Fuel Usage ?

What app do you use to track your mpg on your vehicle? Looking for something that can track the mpg, is free and does NOT track my location. Many I have reviewed track where you travel. Too big brother for me not to mention killing my iPhone battery and monthly internet usage. Currently just record...
by thangngo
Fri Dec 08, 2017 3:38 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 3891

Re: Which is better: Wellesley or 5-yr 2.5% CD?

Hi! I have a friend who wants to put away a mid-five-figure sum for five years, and he cannot afford to lose any of it. (It would be in a taxable account.) He needs to make some money on it, more than 2.5%, but is afraid to take chances. He's not an investor, though he trusts my opinion. I think We...
by thangngo
Fri Dec 08, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: Fuel Additives for 2017 Toyota Camry
Replies: 42
Views: 1955

Re: Fuel Additives for 2017 Toyota Camry

I just had my first 5000 mile maintenance at a Toyota dealership. Part of my free maintenance foe 2 years/24,000 miles. The service technician said that I should add a gasoline additive to my 2017 Camry every 6 months. He said that ethanol could separate from gasoline interact with bacteria and cau...
by thangngo
Fri Dec 08, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 54
Views: 3636

Re: Should I file taxes w/o her?

I earn 177k and she earns 350K. I am not complaining, however I am deeply troubled by the fact that when we filed jointly last year for the first time, I was murdered in taxes. Would it make sense to file by myself? I asked my accountant and he said it was about the same. How can that be? Yes AMT g...
by thangngo
Fri Dec 08, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5519

Re: What do Bogleheads say when they don't want to spend money?

My dad talks about how much harder it was to say "no" to us as kids and teens once "we can't afford that" wasn't accurate. Meg77, I do not have that problem. My response tends to be if you want it, you can pay for it. My kids have the money to pay for those things. KlangFool You are paying for coll...
by thangngo
Fri Dec 08, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5519

Re: What do Bogleheads say when they don't want to spend money?

This is a strange thread. Someone today was telling me about a show they watch on Netflix. They asked me if I'd seen it. Nah, don't have Netflix, I said. Shrug. No further explanation needed. Netflix is easy for me.... I don't have a TV... Yes, but WHY? You apparently need to explain if you cannot ...
by thangngo
Fri Dec 08, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 62
Views: 6670

Re: CPA: The best profession if you want to make the most money + keep the most money?

ccieemeritus wrote:
Fri Dec 08, 2017 12:51 am
The best profession if you want to make the most money is printer at the US mint.
LOL :mrgreen: :moneybag :dollar
by thangngo
Thu Dec 07, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 62
Views: 6670

Re: CPA: The best profession if you want to make the most money + keep the most money?

I am wondering if becoming a CPA is the best profession if you want to make the most money + keep the most money? I have some friends who are CPA accountants and they have their own business and are expanding it to 4+ different locations in different cities AND different states. I am wondering if m...
by thangngo
Thu Dec 07, 2017 5:13 pm
Forum: Personal Consumer Issues
Topic: I received a speeding ticket via mail from IA - should I pay it?
Replies: 72
Views: 4913

Re: I received a speeding ticket via mail from IA - should I pay it?

Apparently they have camera/radars and mail you ticket. 78 in 65 of major interstate (29). $100. Annoyingly just north in SD the same highway speed limit is 80. Looking up it is considered a civil penalty, not criminal. It isn't reported to driving agencies, insurance etc. Worst case if you don't p...
by thangngo
Thu Dec 07, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7409

Re: At what age your investments start making more money than you?

Hey all CnC here and I just had a question for the older more well off Bogle Heads. How old were you when your investments Grew more in a year than your households 'Gross' income. We all know that making more money makes it easier to have a larger investment. But, this puts everyone on a more level...
by thangngo
Thu Dec 07, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5519

Re: What do Bogleheads say when they don't want to spend money?

Question for you... When most people don't want to spend money on something, they often say they can't afford it. This is probably an accurate statement for most people to make. However, Bogleheads are not average, and it's definitely not accurate for many of us. We certainly can afford a lot of th...
by thangngo
Thu Dec 07, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Taxes
Replies: 18
Views: 2230

Re: Side Hustle Taxes

So my wife started a new side hustle this year as a photographer. We weren't sure if it would pan out but, as it turns out, she is doing fairly well so far and there's promise of more. So, my question: should we establish this formally as a business? We only played this on the side with modest seri...
by thangngo
Thu Dec 07, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: Safest roomy luxury suv?
Replies: 58
Views: 5131

Re: Safest roomy luxury suv?

http://www.businessinsider.com/safest-cars-america-iihs-crash-test-2018-2017-12/#heres-a-video-summary-from-the-iihs-16 This is a more image presentation of the previous post for IIHS awards. If money is not an issue, go for the vehicle that you like the most. You'll get that satisfaction everyday ...
by thangngo
Wed Dec 06, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it to Amend incorrect CPA prepared tax returns?
Replies: 33
Views: 1852

Re: Worth it to Amend incorrect CPA prepared tax returns?

Are you certain that you know the correct treatment of RSU and ESPP? Did you have a discussion with your CPA and both agree that your returns were done incorrectly? Collect all the facts: grant date, vesting schedule, signed documents, whether Section 83(b) election was made, how much was included ...
by thangngo
Wed Dec 06, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 181
Views: 10960

Re: Do people still use AAA?

I cancelled AAA few years ago and instead added "emergency road service" to Geico. The savings is quite signficant. AAA costs about $56/year while Geico only $4.80. And if my credit card provides this service for free, I will even drop Geico. Few months ago, I got stranded on the highway. Called Ch...
by thangngo
Wed Dec 06, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: Amount You Need To Save Annually Over Lifespan
Replies: 80
Views: 8825

Re: Amount You Need To Save Annually Over Lifespan

Why make it so complicated to younger folks? If you want to teach your children about savings, keep it as simple as possible. You can't expect them to know about inflation, historical growth rate, and how much they will need when they retire, etc. You don't even know it yourself as you can only pred...
by thangngo
Wed Dec 06, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Timing the housing market
Replies: 32
Views: 2093

Re: Timing the housing market

I live in a HCOL area and I am currently looking for a house. I've been reading articles about the "prohibited topic," and many are very pessimistic about what it may do to housing costs and job growth in my area. I realize much of this is speculation. However, it did spark a question in me. One of...
by thangngo
Wed Dec 06, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: Holiday Tipping
Replies: 30
Views: 2299

Re: Holiday Tipping

Hello Bogleheads always nice to chat with you. My wife and I were discussing how to tip this holiday season. We have read some articles and wanted to know what the forum thought. We are planning on tipping the following folks and wanted to know how you determine what to tip; newspaper delivery pers...
by thangngo
Wed Dec 06, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: Least/Most Reliable Carmakers Today
Replies: 31
Views: 1953

Re: Least/Most Reliable Carmakers Today

I tried to find a citation and/or source of data but no luck. They must use their own data, which we should view these reports with a grain of salt.
by thangngo
Wed Dec 06, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Worth it to Amend incorrect CPA prepared tax returns?
Replies: 33
Views: 1852

Re: Worth it to Amend incorrect CPA prepared tax returns?

I've been posting questions lately about problems I've found with my tax returns over the last three years prepared by my CPA. Going forward I will be doing my own returns, but I am trying to decide if it is worth it to try to amend the previous returns. The first two years (2014/15) The return mis...
by thangngo
Tue Dec 05, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Lowering My Grocery Bill
Replies: 110
Views: 7081

Re: Lowering My Grocery Bill

since most people eat crap (ever look in their carts?). and you don't? that must be some quality crap you have in your cart. My wife and I put a lot of thoughts and efforts in getting good quality food and maintain our healths in top condition. You might be doing the same thing, but please stop loo...
by thangngo
Tue Dec 05, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: New Cash - dollar-cost averaging in?
Replies: 35
Views: 1951

Re: New Cash - dollar-cost averaging in?

Wouldn't lump sum into an appropriate (for the OP) asset allocation be the best answer? As was said elsewhere, I'd see this as more a rebalancing function than a new cash in situation. ymmv ^ you hit the nail on the head. It's re-balancing function. OP has 50% cash allocation. He needs to figure ou...