Search found 908 matches

by FoolMeOnce
Wed Jul 01, 2020 7:27 pm
Forum: Personal Investments
Topic: How do I fund FIRE?
Replies: 18
Views: 2455

Re: How do I fund FIRE?

I would emphasize Roth conversions more than your plan does. Perhaps withdraw from taxable until you get your spending needs, then Roth convert up to an acceptable tax bracket. Or at least the standard deduction. You can balance the benefit of that against further tax gain harvesting in taxable. But...
by FoolMeOnce
Sat Jun 27, 2020 8:11 pm
Forum: Investing - Theory, News & General
Topic: Wiki - Dollar cost averaging: Disagreement with basic premise
Replies: 64
Views: 3151

Re: Wiki - Dollar cost averaging: Disagreement with basic premise

I see nothing wrong with the quoted section. I consider DCA to be logically inconsistent, but you cannot deny that the overall effect of DCA is to reduce the total amount of time in the market. ie a DCAer who gradually invests sums, over time, will hold less stock and more cash than a lump summer, ...
by FoolMeOnce
Thu Jun 25, 2020 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Severance Package Concern - Update #4 and Thank you All
Replies: 97
Views: 7800

Re: HELP: Severance Package Concern - UPDATE #3 ** URGENT GUIDANCE NEEDED **

Thank you, the rule of 73 (age plus years of service) makes eligible for retirement benefits which includes medical/dental/etc.. if I had enrolled on. I am currently not enrolled and they said they will not give me COBRA , will only give to active enrolled. Additionally, I have a gap of few months ...
by FoolMeOnce
Tue Jun 23, 2020 6:45 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2475

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

1. Sell all losing positions now and use the proceeds to buy index funds. Note that "losing positions" refer to individual purchase lots in your existing stocks and NOT an entire position in each single stock. 2. Take the remaining positions with unrealized gains and figure out the amount and perce...
by FoolMeOnce
Thu Jun 18, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: Sellers agent not letting me view property without preapproval or "proof of finances"
Replies: 189
Views: 10391

Re: Sellers agent not letting me view property without preapproval or "proof of finances"

Perhaps you can get the brokerage to write a simpler letter saying you have sufficient funds to purchase a house for $XX cash, without having to show your full balance. Not sure if that is something they would do. When we were house shopping and paying cash, we had an advisor managing our accounts a...
by FoolMeOnce
Fri Jun 05, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes? Legal Issues? Grandmother sent large check to Cousin she's estranged from
Replies: 59
Views: 3320

Re: Grandmother sent large check to Cousin she's estranged from

Can the grandparents afford to give this gift? If so, I would accept it. It sounds like a decent thing to do even if the rest of the relationship is not good. It's kind of touching, really. Yes, AFAIK, they are well off and it appears that they can afford it. I don't know if they (grandparents) are...
by FoolMeOnce
Sat May 30, 2020 10:24 pm
Forum: Personal Investments
Topic: Time for a new house?
Replies: 35
Views: 2893

Re: Time for a new house?

Wife & I think, this would be the perfect house - everything is coming thru. But again the definition of perfect changes year to year and what might be perfect now may not be in a few years. I am most attracted to the idea of having two houses - both appreciating over the long term. It is not uncom...
by FoolMeOnce
Sat May 30, 2020 1:06 pm
Forum: Personal Investments
Topic: Update (Single large position in a single stock - Redfin)
Replies: 13
Views: 2149

Re: Update (Single large position in a single stock - Redfin)

If you invested in Redfin in January 2018, you have a small loss (about 3%) as of closing on Friday. Over the same period, the total stock market returned about 16%. An investment in an index fund covering companies like Redfin, e.g., Vanguard Small-Cap Growth Index fund (VBK), would have returned ...
by FoolMeOnce
Sat May 30, 2020 10:26 am
Forum: Personal Investments
Topic: Time for a new house?
Replies: 35
Views: 2893

Re: Time for a new house?

SF Bay Area and long time Boglehead forum member. Hope y'all are doing well, staying safe and healthy! We have been incredibly lucky to have not been affected by the coronavirus. Both wife and I have our jobs, no paycuts and we are all thankfully healthy and safe. We currently live in a 1900 sqft S...
by FoolMeOnce
Sat May 30, 2020 10:25 am
Forum: Personal Investments
Topic: Time for a new house?
Replies: 35
Views: 2893

Re: Time for a new house?

I don't think we want to sell the current house in a down market right now. Prefer to hold on to it for a fee years and break even while renting it out. Don't play games with the housing market. You're buying the other one low, sell yours in the same market. You can get the space you want while onl...
by FoolMeOnce
Wed May 27, 2020 8:28 am
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 4254

Re: Bogleheads: What is your largest single stock holding? (if any)

We have some from pre-boglehead days making up about 6.5%, 5%, and 4.5%. they are pretty much all gains (42x, 53x, and 318x), so taxes would be steep. The last two are blue-chips, the largest is a wilder ride. We've sold and donated some, but still holding mostly due to taxes.
by FoolMeOnce
Wed May 27, 2020 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Double checking safe harbor tax rules...
Replies: 9
Views: 634

Re: Double checking safe harbor tax rules...

Gill wrote:
Wed May 27, 2020 5:59 am
Your example is correct assuming the payments are through withholding or timely estimated payments.
Gill
Timely and equal estimated payments, right?
by FoolMeOnce
Wed May 27, 2020 6:17 am
Forum: Personal Investments
Topic: Sell When Down to Avoid Taxes?
Replies: 10
Views: 1317

Re: Sell When Down to Avoid Taxes?

I agree to sell what you don't want to hold. If they don't fit your IPS, waiting for a gain to get rid of them is just market timing - that's two strikes against your IPS, timing and holding a fund you don't want. I used the steep decline earlier this year to shift out of a number of holdings I didn...
by FoolMeOnce
Tue May 26, 2020 8:14 pm
Forum: Personal Investments
Topic: Real Property Held Short-Term - Able to Deduct Loss?
Replies: 8
Views: 527

Re: Real Property Held Short-Term - Able to Deduct Loss?

Gill wrote:
Tue May 26, 2020 6:18 pm
Your transaction is known as a bargain sale. The amount of the gift is $10,000. There are no other tax consequences. Either way you structure it, it’s simply a gift
Gill
Thanks
by FoolMeOnce
Tue May 26, 2020 5:20 pm
Forum: Personal Investments
Topic: Real Property Held Short-Term - Able to Deduct Loss?
Replies: 8
Views: 527

Re: Real Property Held Short-Term - Able to Deduct Loss?

Ignoring whether the loss is deductible, is there anything wrong with gifting MIL in this manner - gifting equity by knocking $10k off the home price, versus selling at the same price we purchased and just sending her a $10k check as the gift?
by FoolMeOnce
Mon May 25, 2020 4:30 pm
Forum: Personal Investments
Topic: Real Property Held Short-Term - Able to Deduct Loss?
Replies: 8
Views: 527

Re: Real Property Held Short-Term - Able to Deduct Loss?

retired@50 wrote:
Mon May 25, 2020 3:24 pm
This seems more like a gift than an investment loss to me. Maybe Alan S. will chime in. He seems to know taxes pretty well.

Regards,
That makes sense, as it is indeed what it is. I'm certainly not looking to misclassify this to gain a deduction.
by FoolMeOnce
Mon May 25, 2020 3:21 pm
Forum: Personal Investments
Topic: Real Property Held Short-Term - Able to Deduct Loss?
Replies: 8
Views: 527

Real Property Held Short-Term - Able to Deduct Loss?

Hello, I've poked around on the IRS website and Google and can't figure this out, so I seek your collective wisdom. My MIL is downsizing her home to pay off debt and get on sounder financial footing. To enable her to quickly move on lower-cost housing when she finds something she likes without havin...
by FoolMeOnce
Mon May 25, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8831

Re: Investors: be aware of weakness in 2FA + strengthening

I have no idea, because I haven't used Vanguard in years. That said, it's good to keep our accounts as secure as possible, but we don't really hear any reports of these worst case scenarios happening. Anything "could" happen, but I'm guessing most of the theft going on is caused by people not prote...
by FoolMeOnce
Sun May 24, 2020 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8831

Re: Investors: be aware of weakness in 2FA + strengthening

I have no idea, because I haven't used Vanguard in years. That said, it's good to keep our accounts as secure as possible, but we don't really hear any reports of these worst case scenarios happening. Anything "could" happen, but I'm guessing most of the theft going on is caused by people not prote...
by FoolMeOnce
Wed May 20, 2020 10:13 pm
Forum: Personal Consumer Issues
Topic: Safely disinfecting frozen food packages from corona virus?
Replies: 51
Views: 3772

Re: Safely disinfecting frozen food packages from corona virus?

bugleheadd wrote:
Wed May 20, 2020 1:12 pm
Wash your hands after handling groceries. Then you can touch your face and lick your fingers all you want
+1. Has the benefit of being much easier, too.
by FoolMeOnce
Mon May 18, 2020 6:43 pm
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 3901

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

If this is money to be invested and you're just waiting for the vehicle to be available, invest it in a taxable brokerage account in the interim. If it goes up, awesome, pay your capital gains taxes and be happy and move it to the IRA kn January 1. If it goes down, harvest the losses and transfer i...
by FoolMeOnce
Mon May 18, 2020 6:41 pm
Forum: Investing - Theory, News & General
Topic: Dividend vs Total Return question
Replies: 66
Views: 2917

Re: Dividend vs Total Return question

One question and I do not want to start the usual back and forth about this. Please clearly explain this one thing that bothers me to no end. You have 100,000 to invest. I have 100,000 to invest. You invest it in the total mkt and take out 300 dollars per month selling shares. I invest it in a qual...
by FoolMeOnce
Mon May 18, 2020 7:00 am
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 54
Views: 3901

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

Welcome to the forum! There is no reason, in my mind, to hold cash in expectation of contributing it to your Roth. I would put the money into your Roth as you collect it. I can see limiting it to 3–4 times a year for record keeping reasons (don’t want to over-contribute or under-contribute) but I w...
by FoolMeOnce
Fri May 15, 2020 7:11 am
Forum: Investing - Theory, News & General
Topic: Why it’s a good idea to hold long term Treasuries as your emergency fund
Replies: 114
Views: 9260

Re: Why it’s a good idea to hold long term Treasuries as your emergency fund

This past week has taught me the importance of a cash reserve. You might be looking at the need for an emergency fund through too narrow of a lens. A cash reserve is not just in case of a layoff during a market selloff/recession. It's also valuable insurance, for example, in the event of a car cras...
by FoolMeOnce
Thu May 14, 2020 8:06 pm
Forum: Personal Investments
Topic: Capital gains tax
Replies: 5
Views: 422

Re: Capital gains tax

If one has a capital gain, but they are still working, do you have to pay the tax on the capital gain quarterly or can you adjust your withholding? For example, if you sold stock in the first quarter at a gain, do you have to pay the tax owed on the gain by April 15 or can you adjust withholding th...
by FoolMeOnce
Tue May 12, 2020 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Broke mother-in-law retiring due to COVID-19
Replies: 54
Views: 6613

Re: Broke mother-in-law retiring due to COVID-19

My mother-in-law is in an eerily similar situation, though she hasn't yet indicated a new wish to retire for to the coronavirus. We have suggested using the home equity she has to downsize her home, but to purchase rather than rent. She'll use most of her cash as down payment, and then will have fai...
by FoolMeOnce
Mon May 11, 2020 8:28 pm
Forum: Personal Investments
Topic: Personal Capital Advisory Services
Replies: 8
Views: 680

Re: Personal Capital Advisory Services

* What does this mean, " use tax-loss harvesting that a passive investor might not have access to due to the index funds not being separate " I listened to the pitch a couple years ago as a learning experience. I believe OP is referring to how they hold individual equities rather than index funds, ...
by FoolMeOnce
Tue May 05, 2020 5:38 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s contractor wants to access our property
Replies: 158
Views: 16583

Re: Neighbor’s contractor wants to access our property

Is this going to be one of those threads that lives on until the project is complete...so for the entire summer? Maybe, it depends if the OP discovers a locked floor safe encased in concrete in their closet that becomes exposed during the construction compaction. Ha! Did that OP ever have the threa...
by FoolMeOnce
Tue May 05, 2020 5:36 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 474
Views: 60424

Re: What lifestyle creep made you happier?

DarnToughSocks. They have socks high as $35. I stick with $22-$28. I'm sorry for bringing up a point from six months ago, but... I can't resist bragging. I, too, am a fan of DarnTough socks, but my last purchase was made at $16.46 each when Backcountry had them on sale 25% off, which miraculously c...
by FoolMeOnce
Mon May 04, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Did I get an additional stimulus check?
Replies: 2
Views: 1228

Re: Did I get an additional stimulus check?

atikovi wrote:
Mon May 04, 2020 7:41 pm
I got the $1200 direct deposit on April 15th. Today I see a $1000 deposit coming as: Memo Credit SBAD TREAS 310 MISC PAY. What's this for? I did fill out an online application for the SBA Disaster Loan Assistance a few weeks ago. Would that be it?
Google says yes, that is it.
by FoolMeOnce
Fri May 01, 2020 6:57 am
Forum: Personal Investments
Topic: Thoughts on direct indexing the S&P 500
Replies: 24
Views: 1989

Re: Thoughts on direct indexing the S&P 500

What are boglehead opinions on high net worth individuals using direct indexing of the S&P 500? I'm not if favor of the idea. It's a bit like re-inventing the wheel. It's already been done to "near perfection" by Vanguard, Fidelity, etc. Regards, I agree Vanguard has nearly perfected efficient port...
by FoolMeOnce
Thu Apr 30, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: SS Spousal Benefit..Pros and Cons?
Replies: 7
Views: 565

Re: SS Spousal Benefit..Pros and Cons?

In addition to the above, looking only at SS, the lower income spouse's personal benefit can still be greater than 50% of the spouse's benefit, especially if delayed to age 70.
by FoolMeOnce
Thu Apr 30, 2020 9:47 am
Forum: Personal Investments
Topic: After-hours trading
Replies: 3
Views: 397

Re: After-hours trading

That's it. I thought I did +ext, but maybe when I cancelled my first order and did another after a price drop, I didn't notice I did not do +ext. Whoops. So, not a dumb question, but a dumb trader. Thanks!
by FoolMeOnce
Thu Apr 30, 2020 8:01 am
Forum: Personal Investments
Topic: After-hours trading
Replies: 3
Views: 397

After-hours trading

I tried to sell 20 shares of TSLA after hours last night. I used a limit order and the price (and bids) exceeded my limit by several dollars and stayed there for up to ten minutes on a few different occasions occasions, not my order never got fulfilled. I'm trying to understand why. Is it just that ...
by FoolMeOnce
Mon Apr 27, 2020 11:44 am
Forum: Personal Investments
Topic: New retiree - 1st withdraw - scary!!
Replies: 10
Views: 1594

Re: New retiree - 1st withdraw - scary!!

I think the theory is that you spend from the bucket during down times and replenish after recovery. So the bucket should be large enough to outlast a reasonable expectation of a down market (several years).
by FoolMeOnce
Sat Apr 25, 2020 6:57 pm
Forum: Personal Consumer Issues
Topic: Go or no go on Carnival cruise
Replies: 116
Views: 7509

Re: Go or no go on Carnival cruise

Don't go.

But if you do, keep a running diary here for us.
by FoolMeOnce
Sat Apr 25, 2020 10:21 am
Forum: Personal Investments
Topic: Why not be more aggressive about stocks?
Replies: 27
Views: 1870

Re: Why not be more aggressive about stocks?

Plenty of 100% equities folks here. Just search for the threads.
by FoolMeOnce
Fri Apr 24, 2020 3:15 pm
Forum: Personal Investments
Topic: TD Ameritrade Money Market Options
Replies: 112
Views: 29082

Re: TD Ameritrade Money Market Options

Thanks for your replies. I find many folks got PTTXX as sweep vehicle in TDA. Prime Cash Obligations Fund (PTTXX) | Federated Hermes Is the above stable in the current condition? Thanks for sharing. I think TDA had a policy change -- you can't get any of the MMF as a sweep vehicle anymore. I hold P...
by FoolMeOnce
Thu Apr 23, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire?
Replies: 32
Views: 2865

Re: Can I retire?

I bring home about $77K a year and we pay about $10k in taxes. If I retire, I bring home $53K a year but we still pay about $10k in taxes. We spend about $65k a year including mortgage. Then you are more than fine. You retire, your family income becomes $173k gross. In five years, your wife retires...
by FoolMeOnce
Thu Apr 23, 2020 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire?
Replies: 32
Views: 2865

Re: Can I retire?

I bring home about $77K a year and we pay about $10k in taxes. If I retire, I bring home $53K a year but we still pay about $10k in taxes. We spend about $65k a year including mortgage. Then you are more than fine. You retire, your family income becomes $173k gross. In five years, your wife retires...
by FoolMeOnce
Thu Apr 23, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployed renter w/1.1m taxable - looking to buy 400k home for cash
Replies: 36
Views: 3877

Re: Unemployed renter w/1.1m taxable - looking to buy 400k home for cash

Does that $35k annual expense include $11k in property taxes? Mortgage rates are quite low right now and provides inflation protection for your housing expense. I wouldn't spend $400k cash out of $1.1m with no income and little to no income prospects. (I also wouldn't take out a $320k mortgage...) A...
by FoolMeOnce
Thu Apr 23, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody using a stock portfolio LOC?
Replies: 37
Views: 1631

Re: Anybody using a stock portfolio LOC?

Is the 3.5% fixed or can they change it at any time? Is that a difference between the LOC you are looking at and traditional margin loans? If a margin loan would work, with sizeable assets, as you say, you might be able to get a lower rate from your brokerage. But if you are not paying it down for s...
by FoolMeOnce
Thu Apr 23, 2020 8:27 am
Forum: Personal Investments
Topic: All the upside of the S&P with 10% downside protection "Free"?
Replies: 116
Views: 8088

Re: All the upside of the S&P with 10% downside protection "Free"?

I don't understand the appeal. Don't you want downside protection for the drops of *more* than 10%? Why would this be better than a 90/10 allocation with dividends and no cap? Exactly. I'm not sure if 90/10 would do it, but protection against only the first 10% of a negative return isn't all that s...
by FoolMeOnce
Thu Apr 23, 2020 7:10 am
Forum: Personal Investments
Topic: All the upside of the S&P with 10% downside protection "Free"?
Replies: 116
Views: 8088

Re: All the upside of the S&P with 10% downside protection "Free"?

A:There are no explicit fees for investing in the index account and include a death benefit at no additional charge. Yes, the Lincoln index is a perfect proxy or match to the S&P 500, including reinvested dividends (although Lincoln will not pay out dividends generated by index – they are reinveste...
by FoolMeOnce
Wed Apr 22, 2020 10:35 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 474
Views: 60424

Re: What lifestyle creep made you happier?

DarnToughSocks. They have socks high as $35. I stick with $22-$28. I'm sorry for bringing up a point from six months ago, but... I can't resist bragging. I, too, am a fan of DarnTough socks, but my last purchase was made at $16.46 each when Backcountry had them on sale 25% off, which miraculously c...
by FoolMeOnce
Wed Apr 22, 2020 6:41 am
Forum: Personal Investments
Topic: Relative with Single Stock Holding
Replies: 10
Views: 1011

Re: Relative with Single Stock Holding

Tamarind wrote:
Wed Apr 22, 2020 5:42 am
... You would take the blame if it doesn't go well - if her new holding drops or if she sells a little too much, hits $40,001 taxable income and suddenly had to pay 15% on those gains.
She would only have to pay 15% on $1 in that scenario.
by FoolMeOnce
Tue Apr 21, 2020 7:50 pm
Forum: Personal Consumer Issues
Topic: Is walking enough cardio exercise if I also lift weights?
Replies: 65
Views: 4999

Re: Is walking enough cardio exercise if I also lift weights?

Walking is good for reducing cardiovascular health risks. Just Google it and you'll find countless articles citing study after study. You won't burn calories as quickly as more intense workouts, you won't increase your aerobic capacity like more intense workouts, but you will reap long-term heart be...