Search found 595 matches

by thangngo
Mon Jan 22, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: How much $ worth of things have you discarded without using?
Replies: 18
Views: 1165

Re: How much $ worth of things have you discarded without using?

Growing up in poverty, I have never bought anything that has no utility. I rarely buy clothes and when I buy them, they are used for as long as I remember.
by thangngo
Mon Jan 22, 2018 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being greedy?
Replies: 36
Views: 3365

Re: Am I being greedy?

If you can stomach a 50-80% drop in value, you're not too greedy. Remember that you're your own worst enemy when it comes to wealth management.
by thangngo
Mon Jan 22, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Lower tax rates for 7 yrs.-Are you switching to Roth 401K
Replies: 61
Views: 4568

Re: Lower tax rates for 7 yrs.-Are you switching to Roth 401K

There isn't a fundamental change in tactics here: try to drop into the lowest brackets and then start utilizing Roth. Now it's easier to drop into the lowest bracket due the higher standard deduction. That 12% band is pretty wide: MFJ 12% tops at $77,400 with a $24,000 standard deduction. The 12% b...
by thangngo
Mon Jan 22, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 33
Views: 3614

Re: The Power of Working Longer

From a new working paper. A rather amazing result.... not that working longer matters, but that it matters so much! This paper compares the relative strengths of working longer vs. saving more in terms of increasing a household’s affordable, sustainable standard of living in retirement. Both styliz...
by thangngo
Mon Jan 22, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer money to family members to take advantage of lower tax rates
Replies: 30
Views: 2598

Re: Transfer money to family members to take advantage of lower tax rates

I don't think I have received the answer to the original question. When appreciated assets are gifted away, what happens to the capital gains? Does the tax on it gets waived? I am asking about the "live" gift here. Is the concept similar to DAF that some of you are discussing lately aka way to lega...
by thangngo
Mon Jan 22, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 73
Views: 4304

Re: Discussing a 529 with your kids

My question for others is - how did you approach this process and disclosing 529 information to your kids? We've setup a 529 for each kid, so having this discussion could be pretty straightforward. We've also tried to teach our kids that while you might have $X - this does not mean you need to spen...
by thangngo
Mon Jan 22, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Transfer money to family members to take advantage of lower tax rates
Replies: 30
Views: 2598

Re: Transfer money to family members to take advantage of lower tax rates

OP, the recipient of the gift inherits your cost basis for capital gains purposes. If I understand it correctly, let's say you gifted stock worth $1,000,000 today, but your cost basis was $200,000. If the recipient then sells the stock immediately, his capital gains will be $800,000, and *poof*, no...
by thangngo
Sun Jan 21, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Going to one income-seeking testimonials
Replies: 97
Views: 4068

Re: Going to one income-seeking testimonials

Hello,everyone. Long time reader, but first post. My wife and I are having our second child in May, where she will be staying home with him and our 3 year old daughter. Our finances are good, not great: I make lower six figures in “safe” industry No debt besides home ($860.00 mortgage payment per m...
by thangngo
Sun Jan 21, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: Do we need an emergency supplies kit (go bag)?
Replies: 50
Views: 3746

Re: Do we need an emergency supplies kit (go bag)?

Yeah... we do have a go bag (passports, cash, credit cards, guns, and the like) in the house. In my car, I keep a bag of dry food, water, flash light, first aid kit, blanket, spare clothes, and shoes.
by thangngo
Sun Jan 21, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone at Goldman Sachs/Marcus bank 1.5%?
Replies: 27
Views: 2314

Re: Anyone at Goldman Sachs/Marcus bank 1.5%?

If so how is it? I've been at Capital One for a few years and paying 1.35% . I'm inclined not to switch since the difference isn't probably worth the time. But curious what you think of it? We're using it. They're seem to be very competitive with the interest rate so I don't feel a need to move mon...
by thangngo
Sun Jan 21, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: AA is much harder than I thought...
Replies: 45
Views: 4796

Re: AA is much harder than I thought...

On the advice given here I have developed an IPS, so thank you all for that. I wanted to run one thing by you guys to make sure I'm being sensible. I realized that while I stated I am 97% stock/3% bond, this is not necessarily accurate because I have a relatively large cash reserve. My total net wo...
by thangngo
Sun Jan 21, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Excel for Personal Finance Accounting ?
Replies: 25
Views: 1614

Re: Excel for Personal Finance Accounting ?

I have been a Quicken user since the old MS-DOS days but now that Quicken has gone to a annual fee based upgrade model (which I refuse to upgrade to) I would like to find a replacement to reconcile and maintain our deposit and credit card accounts that is Excel based. The simpler the better. Any su...
by thangngo
Fri Jan 19, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Annual transfer from high-fee Simple IRA to Vanguard Traditional IRA?
Replies: 6
Views: 304

Re: Annual transfer from high-fee Simple IRA to Vanguard Traditional IRA?

I have a question on this topic: is it possible to convert a Simple IRA to Traditional IRA account at Vanguard? Assuming a person left her employer and she still keeps Simple IRA at Vanguard. Is it possible to combine Simple IRA with traditional IRA?
by thangngo
Fri Jan 19, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 7036

Re: Short Commute or Nicer House?

You didn't mention crowds. For us, the houses and towns under option 1 are in a state of gridlock traffic at all times. Everything is crowded- grocery store, restaurants, hardware store, kid activities. Everything costs more. More crime. Just another perspective. Getting away from the crowds and co...
by thangngo
Fri Jan 19, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: What's your one big takeaway from the Crash of 2008?
Replies: 366
Views: 58766

Re: What's your one big takeaway from the Crash of 2008?

My lesson was to pay attention. I started seeing the trouble in early 2008. And I got out of many of my positions. The trouble was deciding when to get back in. I only dipped my toes in, in March 2009. But was pretty tentative over the next couple of years. These days I'm fully invested, but I have...
by thangngo
Fri Jan 19, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Which is faster - Push or Pull - Transfer of cash into investment accounts
Replies: 19
Views: 1356

Re: Which is faster - Push or Pull - Transfer of cash into investment accounts

I think pull is faster most of the time. If you set automatic investment at Vanguard, it let you "advance" the fund to purchase fund/ETF and the fund will be settled via ACH in the next business day. Marcus by Goldman Sachs let me have effective date as the date I initiate the transfer on Marcus web...
by thangngo
Fri Jan 19, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help Me Spend $900.00 Unused FSA Dollars
Replies: 42
Views: 2717

Re: Help Me Spend $900.00 Unused FSA Dollars

Use to have FSA. Biggest scam. you either use it or loose it. I end up loose it. tax saving scam. If you use it correctly, you'll save 25% (marginal tax rate). Do you have a budget and know where your money went in prior years? Project your medical expenses this year and elect the correct amount. O...
by thangngo
Thu Jan 18, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 2038

Re: Take a 401k Loan?

Pros and Cons of 401k loan Advantages: • The loans incur no income tax or penalties for early withdrawal unless you default. • There is no credit check or long application form, opening options if your credit scores are bad. • Most loans become available quickly and you can borrow for almost any rea...
by thangngo
Thu Jan 18, 2018 3:01 pm
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 7036

Re: Short Commute or Nicer House?

My husband and I are moving with two small kids to a new city. We've narrowed down where to live to 2 possible neighborhoods: Option #1: in the city - Excellent schools available - Less than 2 miles to work, commute is about 5 minutes by car or 10 minutes by bike - Very easy access to tons of resta...
by thangngo
Thu Jan 18, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Why even have Bonds in a 401k?
Replies: 30
Views: 2906

Re: Why even have Bonds in a 401k?

As a 43 year old (soon to turn 44) I am debating having just 100% equities in my 401k. My reasoning is that I do not plan to withdraw anything from my 401k until the required distributions when I turn 70. That is over 26 years away so why not take 100% equity risk now and then I can rebalance into ...
by thangngo
Thu Jan 18, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: 0% growth on stocks for the next decade?
Replies: 16
Views: 1919

Re: 0% growth on stocks for the next decade?

I'd hardly call this a 'lost decade' for early accumulators. In nominal dollars, they put in $132,000 and ended with $180,314. And if we extend this to the end of 2017 with the same contributions, the portfolio was worth $593k, only $240k of which were contributions after 19 years. If the next 19 y...
by thangngo
Thu Jan 18, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 71
Views: 4753

Re: Exit strategy for bitcoin

I bought about 0,3% of my liquid worth in bitcoin some time ago (it was because of FOMO really, and I was aware that it was just a gamble, but I was also encouraged by seeing that people like Ben Carlson, Joshua Brown etc had also bought some bitcoin to 'experiment' as Brown put it). I remember Jas...
by thangngo
Thu Jan 18, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 2038

Re: Take a 401k Loan?

I am debating taking a 401k loan to pay off some debt in order to raise my credit score. In November, I didn't have much debt and my credit score was about 750. However, I had a bad investment choice and ended up $65k in debt. I have paid it down to about $40k right now (holiday bonus) and it is al...
by thangngo
Wed Jan 17, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: why emergency savings?
Replies: 42
Views: 3714

Re: why emergency savings?

Who says you need a separate account? You could use a rewards checking account, like I have at Consumers Credit Union. They pay me 4.59% APY interest on $20k Did I read that right? 4.59% APY? Given the current interest rates, how can they afford to do that? Sounds like it''s "too good to be true" S...
by thangngo
Wed Jan 17, 2018 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: What will happen if everyone indexed?
Replies: 23
Views: 2264

Re: What will happen if everyone indexed?

Can somebody told me what if everyone indexed? Will it lead to crisis? I ask this since John Bogle has a warning for index fund investor: “If everybody indexed, the only word you could use is chaos, catastrophe,” Bogle told Yahoo Finance at the Berkshire Hathaway annual meeting last month. “The mar...
by thangngo
Wed Jan 17, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Got raise. Taxes taking 41% of it?
Replies: 30
Views: 3888

Re: Got raise. Taxes taking 41% of it?

That spreadsheet is amazing! All those numbers in your screenshot look right. If I'm reading this correctly, I'm currently paying $179.76 per paycheck into federal income tax when I should only be paying $63 per paycheck? I've got my stuff set up so far off that I'm paying triple what I should? Yea...
by thangngo
Wed Jan 17, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Roth 401(k) vs Traditional 401(k) contributions in 2018
Replies: 8
Views: 559

Re: Roth 401(k) vs Traditional 401(k) contributions in 2018

To answer some of the questions above... we plan on retiring early at age 59 1/2. Preferably we'd like to have our future home paid off by that time which would be a big expense that we wouldn't have to pay for in retirement. During retirement I would like to be in either the same 24% or lower tax ...
by thangngo
Tue Jan 16, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 106
Views: 8622

Re: What is the best home exercise equipment?

Umm... If you think about buying home exercise equipment, don't. It's not a good financial decision. With $20 gym membership, you'll get an environment that you can focus on working out and getting the most out of your time. There's also add-ons such as sauna, swimming pool, basketball court, class...
by thangngo
Tue Jan 16, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to max out 401k
Replies: 19
Views: 1586

Re: How to max out 401k

Because there is a Boglehead perception that $18,000 a year is the appropriate amount to set aside into retirement. Anything less means one eats dog food in retirement; anything more means an overstuffed retirement. I though it was 18,000 a year means you're still eating dog food in retirement, but...
by thangngo
Tue Jan 16, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Got raise. Taxes taking 41% of it?
Replies: 30
Views: 3888

Re: Got raise. Taxes taking 41% of it?

Before the raise: Salary: $2,500 Federal Income Tax: $148.51 SS: $150.94 Medicare: $35.30 UT State Income Tax: $97.72 Total Tax: $432.47 Pre-tax 401k: $150 Pre-tax Health Insurance: $65.50 Net Pay: $1,852.03 After the raise: Salary: $2,645.83 Federal Income Tax: $179.76 SS: $163.85 Medicare: $38.32...
by thangngo
Tue Jan 16, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Fed's concern with the inflated equity prices & asset bubble...leading to a possible hard "reset"
Replies: 5
Views: 695

Re: Fed's concern with the inflated equity prices & asset bubble...leading to a possible hard "reset"

and this matters why.... Because people tend to forget about equity valuation when the market is in a bubble. There's a group of people who are chasing after performance and put everything in the stock market hoping to get quick profit. It doesn't matter for most of us here who buy and hold equity ...
by thangngo
Tue Jan 16, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4390

Re: Budgeting Vs Savings Rate

^ Just want to point out that I don't think Credit card payment is a budget item. It's not a real spending as it's a transfer from Cash to pay off your credit card payment. It's not affecting your P&L. Agree with you that budget helps me boost my saving rates and be creative on cutting down unnecess...
by thangngo
Tue Jan 16, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7435

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

Bogleheads....I am struggling to recall a time where 'Mr. Market' moved like this in 12 days [the wild gyrations of 2008-09 do not count, totally different circumstance]. That 4% move is pretty amazing. I am sitting here shaking my head and saying: Go!. :mrgreen: At what point do you stop and say t...
by thangngo
Tue Jan 16, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: [Mark Cuban -] "Diversification is for idiots..."
Replies: 26
Views: 3718

Re: Diversification is for idiots...

So after reading and pretty much shadowing Buffet's investing philosophy I ran into this video and now I'm scratching my head and questioning if I should hold cash. Or is he just arrogant and enjoys hearing his own voice? It's a video of Mark Cuban stating diversification is for idiots. https://www...
by thangngo
Mon Jan 15, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 64
Views: 7107

Re: Our 'cure' for emergency expenses

We have our spending/savings in various buckets. *The "main account" is a checking account where we pay our bills and regular expenses. *We have an emergency fund of $30,000 with Barclay's high-interest savings. This is never touched. *We have an overdraft account of $5,000, just in case some surpr...
by thangngo
Mon Jan 15, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 106
Views: 8622

Re: What is the best home exercise equipment?

Umm... If you think about buying home exercise equipment, don't. It's not a good financial decision. With $20 gym membership, you'll get an environment that you can focus on working out and getting the most out of your time. I would happily pay more than that to avoid the gym. I loathe gyms. The fl...
by thangngo
Mon Jan 15, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Changing Vanguard 3 Fund Portfolio to 2 fund portfolio?
Replies: 9
Views: 1250

Re: Changing Vanguard 3 Fund Portfolio to 2 fund portfolio?

It's a good plan. If the market crashes and you're panic, come back here for advice/consult before making any rash decisions. Be aware that: 1) you're betting on one asset class, which is equity, and 2) you forgo an opportunity to add another asset class that is uncorrelated to stock, and thus losin...
by thangngo
Mon Jan 15, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: TSA locks for luggage
Replies: 18
Views: 1343

Re: TSA locks for luggage

I am traveling to VietNam and has heard that luggage theft is very high there. In the past, I normally used zip ties. But I also heard that TSA locks are worthless. What do BHs use to protect your luggage against potential theft (other than just carry-on). TIA I use TSA locks to make sure luggage s...
by thangngo
Mon Jan 15, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 106
Views: 8622

Re: What is the best home exercise equipment?

Umm... If you think about buying home exercise equipment, don't. It's not a good financial decision. With $20 gym membership, you'll get an environment that you can focus on working out and getting the most out of your time. There's also add-ons such as sauna, swimming pool, basketball court, class...
by thangngo
Mon Jan 15, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 106
Views: 8622

Re: What is the best home exercise equipment?

Umm... If you think about buying home exercise equipment, don't. It's not a good financial decision. With $20 gym membership, you'll get an environment that you can focus on working out and getting the most out of your time. There's also add-ons such as sauna, swimming pool, basketball court, classe...
by thangngo
Mon Jan 15, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: why emergency savings?
Replies: 42
Views: 3714

Re: why emergency savings?

In my opinion, advice on emergency funds is mostly for young people who start out saving and investing. They don't have a stable positive net cash flow (due to debt, car loan, mortgage, etc.) In the events that they lose their jobs or in an economic downturn, they would need to take out their retire...
by thangngo
Mon Jan 15, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: how to figure out the assest allocation that you can sleep well with
Replies: 22
Views: 1893

Re: how to figure out the assest allocation that you can sleep well with

I'm currently at 70/30 (stock/bond) allocation. I know I shouldn't time the market and should stay the course. But I still have this itch to reduce my stock exposure because market is at all time high. I'm wondering if I'm feeling the itch because my assest allocation is too risky? So in that case ...
by thangngo
Sun Jan 14, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 85
Views: 6638

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

Some have an emergency fund. Some hold theirs partly in their local bank account; the rest is kept in an online savings account which can be transferred into their local bank or by wire. What types of unexpected emergencies for individuals would require a larger amount of instant cash available imm...
by thangngo
Sun Jan 14, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4390

Re: Budgeting Vs Savings Rate

Anyway, it was probably at least two years ago that I last showed some of our spending summaries to my wife. We were both in agreement that we spent too much on eating out, but we both lacked will power to make significant improvements there. I was also disgusted with our grocery bill, but to my wi...
by thangngo
Sat Jan 13, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest Emergency Fund
Replies: 11
Views: 690

Re: Where to Invest Emergency Fund

Before you disagree with the theory of investing the emergency fund, read here: https://www.betterment.com/resources/personal-finance/safety-net-funds-why-traditional-advice-is-wrong/ Every time someone posts the Betterment link, I always ask them to consider the source of the article and ask thems...
by thangngo
Sat Jan 13, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4390

Re: Budgeting Vs Savings Rate

Keeping track of your spending is already a part of budgeting. I find a detailed budget might help with: 1) plan for irregular expenses: traveling, car/house repair & maintenance, other discretionary expenses. 2) trim the fat: cut wasteful spending in certain categories. 3) increase your saving rate...
by thangngo
Fri Jan 12, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 64
Views: 7107

Re: Our 'cure' for emergency expenses

About six years ago, my wife and I read Mary Hunt's book "Debt-Proof Your Marriage," which was a good read. What was the most valuable piece of information we got from her was the idea of a 'freedom fund', an account used to save and pay for irregular expenses. Why we hadn't thought of this before,...
by thangngo
Fri Jan 12, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 290
Views: 26013

Re: Anyone tired of the stock market going up?

:annoyed does anyone have any idea why the stock market is on steroid? The faster it goes up, the harder it will fall... Fine! I'll keep my eyes shut and come back with the market calms down.
by thangngo
Fri Jan 12, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: Keeping sensitive documents in the cloud -- bad idea?
Replies: 46
Views: 2671

Re: Keeping sensitive documents in the cloud -- bad idea?

There's a lot of panaroia and nuts about computer security. Sure, you have to take precautions, but be reasonable about it. The odds of someone successfully impersonating you do to a sophisticated hack into your accounts is farrrrrrr lower than the criminals going after the credit card repository o...