Search found 406 matches

by FoolMeOnce
Fri Jan 18, 2019 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Help/Advice/Thoughts
Replies: 8
Views: 554

Re: Help/Advice/Thoughts

My questions: 1:  As someone who never invested on my own - what can I expect if I make a move?  What are the challenges?  Even doing something as simple as the backdoor ROTH IRA $5,500 (now 6K) contribution I do yearly for my wife seems quite daunting to me if I did it on my own. 2:  Is it normal ...
by FoolMeOnce
Fri Jan 18, 2019 11:18 pm
Forum: Personal Consumer Issues
Topic: Importance of college summer internships??
Replies: 44
Views: 1791

Re: Importance of college summer internships??

OK, a little more context here. The daughter is convinced that summer internships are of upmost importance and how everyone gets ahead in her field. Since last fall she has been applying for everything she can find all over the country but the ones that sound the coolest are also uber competitive a...
by FoolMeOnce
Fri Jan 18, 2019 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 100-0 to 90-10 with bonds in taxable account
Replies: 15
Views: 1006

Re: Going from 100-0 to 90-10 with bonds in taxable account

Why wouldn't you use your 401k for bonds?

EDIT: sorry, I somehow missed your statement that you have no good bond choices in your 401k.
by FoolMeOnce
Fri Jan 18, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gains on house sale
Replies: 16
Views: 1207

Re: Capital gains on house sale

So then what is this website saying that with the new laws from 2018 that were passed, there is a 0% capital gains tax if income was less than 38,600? Do the actual capital gains count as part of that income? https://www.nerdwallet.com/blog/taxes/capital-gains-tax-rates/ This one also says 0% - for...
by FoolMeOnce
Fri Jan 18, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 7099

Re: How much house can I afford (really)?

This needs to go. Why do you keep saying expenses need to be cut? Yes, OP spends quite a lot, but he isn't trying to climb out of debt or figure out how to start saving. OP saves, with employer match, a healthy 25% of income. Because the numbers are large, this also allows for the possibility of qu...
by FoolMeOnce
Fri Jan 18, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains on house sale
Replies: 16
Views: 1207

Re: Capital gains on house sale

So then what is this website saying that with the new laws from 2018 that were passed, there is a 0% capital gains tax if income was less than 38,600? Do the actual capital gains count as part of that income? https://www.nerdwallet.com/blog/taxes/capital-gains-tax-rates/ This one also says 0% - for...
by FoolMeOnce
Fri Jan 18, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 7099

Re: How much house can I afford (really)?

OP, I commend you on being a good sport. Many of the responses have focused on your spending. I agree it is quite high ($87k in discretionary spending, your can't fathom how someone if a VCHOL can get by on $2,300/mo after expenses) but I don't think it is the immediate problem others have suggested...
by FoolMeOnce
Thu Jan 17, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 93
Views: 6792

Re: Should I buy a house in the Bay area or give up?

Why do you want to buy a house? I'm scared that house prices in the Bay area will keep rising and be out of my reach forever. So my thought is lock in a house now or in the near future to avoid being priced out forever What kind of house would you buy now as a single person that you 1) want to live...
by FoolMeOnce
Thu Jan 17, 2019 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 15846

Re: Why are you NOT buying rental properties?

OP, you’ve had 3 pages of responses of both personal and secondhand experience addressing (often very specifically) why they don’t buy rental properties. And yet you have refused to answer any of the questions regarding specifics of how you’re profiting $40k a year off of a single rental property, ...
by FoolMeOnce
Wed Jan 16, 2019 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade Money Market Options
Replies: 17
Views: 1262

Re: TD Ameritrade Money Market Options

If you have enough assets there, you can get put with the Private Client Services and have access to some MM funds just under 2% that work as your sweep account.
by FoolMeOnce
Tue Jan 15, 2019 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Question moving from stock portfolio to VTI Total Stock Market Index
Replies: 15
Views: 917

Re: Question moving from stock portfolio to VTI Total Stock Market Index

A. Move it all now. That seems the least scary to me. Watching the performance of a whole bunch of individual stocks and trying to time moving them to an index fund sounds much scarier. Plus a headache. Plus more costly - if you wait you'll probably have capital gains taxes to pay. Take advantage of...
by FoolMeOnce
Tue Jan 15, 2019 8:43 am
Forum: Personal Consumer Issues
Topic: Winter boot recommendation
Replies: 34
Views: 3324

Re: Winter boot recommendation

Thanks, all. After trying too many to mention, I went with Columbia Fairbanks Omni-heat. Very comfortable for all-day use, very warm, not great on ice. Couldn't find one that checked all of those boxes.
by FoolMeOnce
Mon Jan 14, 2019 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: young-ish physician windfall
Replies: 10
Views: 2109

Re: young-ish physician windfall

rabbitrun wrote:
Sun Jan 13, 2019 3:20 pm
harmoniousmonk wrote:
Sun Jan 13, 2019 3:17 pm
Will your windfall be taxed at capital gains or ordinary income?
Capital gains-23.8%
Don't forget about the AMT. (I don't understand it, but it may bump the rate up a bit)
by FoolMeOnce
Mon Jan 14, 2019 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 56
Views: 5382

Re: Does anyone have entire 401K in bonds?

Yes, I'm in my late 30s and I have all bonds in my tax-deferred account, to reach my desired asset allocation in a tax-efficient manner. If given the choice, I'd rather have the growth from equities in my taxable account rather than tax-deferred. I've already reaped the tax benefit on the contributi...
by FoolMeOnce
Sun Jan 13, 2019 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Another Home Affordability Thread
Replies: 31
Views: 3599

Re: Another Home Affordability Thread

You can put 50% down (from cash and condo sale) and still have about $200k cash emergency fund and about $2m invested. You make ~$600k/yr, probably averaging more. After taxes, more like $375-400k or more. You can take the 10 year ARM on the $925k balance and pay it down in those 10 years, which req...
by FoolMeOnce
Sat Jan 12, 2019 9:13 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13513

Re: Around 43K in dividends last year - feel good about it ?

I stand by my earlier comments that “I’m pretty sure that when I receive dividends from my Total Stock Market fund, none of my shares are being sold off” and “when I receive dividends from a single company, I absolutely do not own fewer shares of it when the dividend is paid. I own 100 shares the d...
by FoolMeOnce
Sat Jan 12, 2019 4:54 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9600

Re: Did you ever "win" big?

We used to have an advisor who picked many winners, to the point that I have the welcome problem of having to many gains to easily simplify my portfolio. There's definitely survivorship bias, so I don't know the losers. I've picked three stocks myself (told the advisor to buy). One lost about half i...
by FoolMeOnce
Sat Jan 12, 2019 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio HELP - time to stop the bleeding from AUM fee
Replies: 34
Views: 2379

Re: Portfolio HELP - time to stop the bleeding from AUM fee

You can simplify your 401k's with no tax consequences. That's a good place for your bond allocation for tax efficiency. Your taxable account has pretty bad expenses ratios (on top of the surprisingly reasonable advisor fee). I was in a similar situation a couple of years ago, left the advisor, and h...
by FoolMeOnce
Fri Jan 11, 2019 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20273

Re: $40,000 in debt, bankruptcy seems to be the best option right now

It's pretty funny that someone thinks people all over the country are buying, and people on this site are recommending, a security system that doesn't do anything. Edited I deleted my original response as I misread the intent of FoolMeOnce by 180°. Oh well. Cheers :sharebeer FoolMeOnce, I would lik...
by FoolMeOnce
Fri Jan 11, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20273

Re: $40,000 in debt, bankruptcy seems to be the best option right now

Silk McCue wrote:
Fri Jan 11, 2019 2:46 pm
Silk McCue wrote:
Fri Jan 11, 2019 2:23 pm
FoolMeOnce wrote:
Fri Jan 11, 2019 2:17 pm
It's pretty funny that someone thinks people all over the country are buying, and people on this site are recommending, a security system that doesn't do anything.
Edited
I deleted my original response as I misread the intent of FoolMeOnce by 180°.

Oh well.

Cheers
:sharebeer
by FoolMeOnce
Fri Jan 11, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20273

Re: $40,000 in debt, bankruptcy seems to be the best option right now

Do you really need a security system? I have two young kids and it gives peace of mind. The services is basic Get SimpliSafe. Upfront cost for the system, but skip the monitoring (someone breaking in will run when they hear the alarm). ROI is only a couple of months. Simplisafe sucks. I have simpli...
by FoolMeOnce
Fri Jan 11, 2019 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Trying to figure out what my Roth IRA contribution is for 2018
Replies: 8
Views: 737

Re: Trying to figure out what my Roth IRA contribution is for 2018

With gross wages just above the $120k phase-out of full contribution eligibility, your MAGI is probably safely below the phase-out.
by FoolMeOnce
Fri Jan 11, 2019 8:51 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 160
Views: 13513

Re: Around 43K in dividends last year - feel good about it ?

May be looking at it, this way may help... $43k in dividends and down $90k for a year...is that better than $0 dividends and down $47k?...I prefer the latter. We have a winner! It took a while, but we got to the clearest response. Quickly followed by another: I'd rather have $14,000 in untaxed gain...
by FoolMeOnce
Thu Jan 10, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13940

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

<<Full-time daycare anywhere within 10 miles of me is more than $1k/month.>> 3) For folks that save first and spend later, they decide what to save and spend the rest. If they do not have enough money to pay $1K/month, they do not pay 1K per month. In some areas, there is just no better option than...
by FoolMeOnce
Thu Jan 10, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13940

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

<<Full-time daycare anywhere within 10 miles of me is more than $1k/month.>> 3) For folks that save first and spend later, they decide what to save and spend the rest. If they do not have enough money to pay $1K/month, they do not pay 1K per month. In some areas, there is just no better option than...
by FoolMeOnce
Thu Jan 10, 2019 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Retired Mother, High Withdrawal Rate, Small Portfolio
Replies: 11
Views: 1668

Re: Retired Mother, High Withdrawal Rate, Small Portfolio

I think I see your math a little more clearly now. You are included RMD's in the total $2,750 income you listed. While income for tax purposes, they are not exogenous income for calculating necessary withdrawals but instead come from the portfolio. Ignoring this gets her to $2,463 income, and the $2...
by FoolMeOnce
Thu Jan 10, 2019 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Retired Mother, High Withdrawal Rate, Small Portfolio
Replies: 11
Views: 1668

Re: Retired Mother, High Withdrawal Rate, Small Portfolio

To be clear, her expenses after housing and "water, gas, electric, phone, cable, internet, law care, property taxes, etc." will be $1,580 ($4460-2880) - is that right? Can she reduce this a bit? Also, you seen to make some rounding errors that make the situation appear worse. Her anticipated expense...
by FoolMeOnce
Wed Jan 09, 2019 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10543

Re: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

I'm glad you reached a satisfying agreement. Regardless of "compromise," she should not continue to just dump cash in a savings account beyond an emergency fund and near-term expenses (wedding, house). Her money should work for her. Almost nobody makes enough to save everything as cash and still be ...
by FoolMeOnce
Wed Jan 09, 2019 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: High Income for First Time, Kid on the Way, and I'm Overwhelmed with My Options (Long)
Replies: 33
Views: 2135

Re: High Income for First Time, Kid on the Way, and I'm Overwhelmed with My Options (Long)

I would take all the extra mortgage payments and direct them to the student loans that have a higher rate. Why pay down then lower rate first? (I think there may be reasons to pay even lower rate student loans first, too).
by FoolMeOnce
Wed Jan 09, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 7297

Re: Is buying a $700K first home crazy?

This looks perfectly doable on your income, and you'll still be in good shape with 300k in retirement accounts and still saving what looks like a good amount (how much would you still save per month?). Nothing wrong with skipping a starter home. While it looks fine, you still might be better off jus...
by FoolMeOnce
Tue Jan 08, 2019 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10543

Re: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

So here is my take on this, just for laughs. From where I sit, it looks like she has all of her ducks in a row and has her half of the money for your (as in both of you and not her ) wedding, and she has the means for her half of the house both of you plan to buy. You have $18,000 in an emergency f...
by FoolMeOnce
Tue Jan 08, 2019 9:20 am
Forum: Investing - Theory, News & General
Topic: Embarrassed to ask... dividends and Total Return
Replies: 39
Views: 4735

Re: Embarrassed to ask... dividends and Total Return

One thing that has perhaps been implied but not explicitly stated is: reinvesting the dividend maintains your same position in the fund as before the dividend; pocketing the dividend lowers your position while giving you extra cash, as if you has sold shares of that value. You have 100 shares of a f...
by FoolMeOnce
Mon Jan 07, 2019 6:41 pm
Forum: Investing - Theory, News & General
Topic: For those retired a few years
Replies: 58
Views: 4770

Re: For those retired a few years

Claiming my SS benefits at age 70 plus RMDs will give us a big raise in a couple of years, and we may choose to increase our lifestyle a bit. Or not. Perhaps I'm missing something, but I do not understand why RMDs would affect your spending. It isn't income in the traditional sense, as in money you...
by FoolMeOnce
Sun Jan 06, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest way to set up an irrevocable trust?
Replies: 7
Views: 493

Re: Cheapest way to set up an irrevocable trust?

vu8 wrote:
Sun Jan 06, 2019 10:00 pm
irrevocable trusts seems to cost tens of thousands of dollars to set up.
Why do you think this is true? Have you met with an attorney?
by FoolMeOnce
Sun Jan 06, 2019 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for investing a large 2019 short-term capital gain?
Replies: 7
Views: 684

Re: Advice for investing a large 2019 short-term capital gain?

Max out any tax advantaged opportunities you have, and create more if applicatable.Good luck! Thanks! Could you expand on "create more"? Invest. Buy low and sell high. Rinse and repeat. All in less than a year. Huh? Try to time the market and create more taxable events? I think the poster meant cre...
by FoolMeOnce
Sun Jan 06, 2019 12:27 am
Forum: Investing - Help with Personal Investments
Topic: Advice for investing a large 2019 short-term capital gain?
Replies: 7
Views: 684

Re: Advice for investing a large 2019 short-term capital gain?

Max out any tax advantaged opportunities you have, and create more if applicatable.Good luck! Thanks! Could you expand on "create more"? Invest. Buy low and sell high. Rinse and repeat. All in less than a year. Huh? Try to time the market and create more taxable events? I think the poster meant cre...
by FoolMeOnce
Sat Jan 05, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Taking a pay cut now for potential of higher pay later
Replies: 19
Views: 1541

Re: Taking a pay cut now for potential of higher pay later

Having no health insurance while working a stressful job that is taxing on his body is a horrible financial decision. I would switch to the new job. Someone above provided good back-of-the-envelope after-tax numbers showing the difference isn't as big as it seems, and the health coverage closes a lo...
by FoolMeOnce
Sat Jan 05, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 103
Views: 15535

Re: Umbrella Policy: Right amount for $7 mil net worth?

AlphaLess wrote:
Sat Jan 05, 2019 1:12 am
dual wrote:
Wed Jun 27, 2018 7:03 pm
Liability insurance == insurance against low-quality ambulance chasers.
Umbrella insurance == insurance against higher level scam artists.
So if you get hit by a car while walking in a cross walk, which would you be?
by FoolMeOnce
Fri Jan 04, 2019 12:15 pm
Forum: Investing - Theory, News & General
Topic: What do you do with cash at TD Ameritrade, and TD Private Client Services
Replies: 4
Views: 557

What do you do with cash at TD Ameritrade, and TD Private Client Services

We use TD Ameritrade as our brokerage. The cash sweep choices offer around .05% interest. I can buy into a Vanguard money market fund, but I don't think I can have this happen automatically, nor can I automatically have that liquidated for transactions. (Am I wrong?) I got a call about switching to ...
by FoolMeOnce
Fri Jan 04, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Does a PMI in lieu of 20% down ever make sense?
Replies: 48
Views: 2888

Re: Does a PMI in lieu of 20% down ever make sense?

tea_pirate wrote:
Fri Jan 04, 2019 8:45 am
PMI is 100% wasted money, just like mortgage interest. It never "makes sense" to pay PMI
I think the post above yours make a good point that it can make sense when, even with PMI, it is cheaper than renting.
by FoolMeOnce
Fri Jan 04, 2019 8:26 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7334

Re: Engagement Ring (Affordable)

When you get it appraised, does the girl usually come? I’d much rather spend less on a “fake” diamond ... I hear people spending 15+K on rings and it makes me slightly nauseous Don't but a manufactured diamond without her knowing. That is just a terrible, horrible, very bad, no good idea. Talk with...
by FoolMeOnce
Wed Jan 02, 2019 1:42 pm
Forum: Investing - Theory, News & General
Topic: Can I trust a fund/index?
Replies: 12
Views: 822

Re: Can I trust a fund/index?

One small example: if you buy AAPL stock in your Vanguard brokerage, you are not the shareholder of record of "your" shares, nor is Vanguard. Most shares in America are owned by Cede & Co, which then has a spreadsheet saying that Vanguard is entitled to such and such, and Vanguard has a spreadsheet...
by FoolMeOnce
Tue Jan 01, 2019 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone allocating more into International funds this year?
Replies: 28
Views: 1653

Re: Anyone allocating more into International funds this year?

I'm still working my way up to a desired 20% international, so yes.
by FoolMeOnce
Thu Dec 27, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: What are some disadvantages to TLH?
Replies: 51
Views: 2641

Re: What are some disadvantages to TLH?

the biggest disadvantage I see is a loss is permanent. you can not recover those lost dollars. this may put more pressure to obtain outsized gains in the future to "make up" for these losses. you have to do what you can live with. but, lost dollars can never be regained. If you are switching from o...
by FoolMeOnce
Wed Dec 26, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: SPDW and SPEM - happy with them?
Replies: 7
Views: 387

Re: SPDW and SPEM - happy with them?

livesoft wrote:
Wed Dec 26, 2018 11:02 am
So what are selling? That is, what do you prefer over SPDW and SPEM that you would switch back?
If I had further losses, I'd switch back to Vanguard funds. I hope I'm right that SPDW is not substantially similar to VEU.
by FoolMeOnce
Wed Dec 26, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: SPDW and SPEM - happy with them?
Replies: 7
Views: 387

Re: SPDW and SPEM - happy with them?

Thanks. I suppose if the market keeps going down, I'll swap back out of them in a month.
by FoolMeOnce
Wed Dec 26, 2018 9:14 am
Forum: Investing - Theory, News & General
Topic: SPDW and SPEM - happy with them?
Replies: 7
Views: 387

SPDW and SPEM - happy with them?

I'm at TD Ameritrade and plan to tax-loss harvest into SPDW (SPDR developed world) and SPEM (SPDR emerging markets), with purchases totaling about $250k. I recall there were some concerns last year when TDA removed Vanguard from it's commission-free list and added these SPDR ETFs instead, concerns a...
by FoolMeOnce
Thu Dec 20, 2018 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17050

Re: Mr. Money Mustache, SWR, and equity allocation

everyone here need to stop believing that..... Retirement = no earned income.... That is not true, sure some may really never work again or earn money, but most and even MMM are able to do whatever they want which in most cases creates income... When we "retire early" we really mean that we are not...
by FoolMeOnce
Tue Dec 18, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 190
Views: 14493

Re: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court

I wonder if they will have to issue refunds for all the 3.8% NIIT that was collected. Or at least, if ultimately upheld, does that mean any gains starting last Friday should not be subject to NIIT? In my opinion, that's about as unlikely as having to repay subsidies that were taken in the past. I g...