Search found 602 matches

by FoolMeOnce
Thu Jun 13, 2019 7:34 pm
Forum: Investing - Theory, News & General
Topic: please educate me on bond funds
Replies: 12
Views: 1489

Re: please educate me on bond funds

The SEC yield is a good forward looking estimate of what distribution you should expect to get, if the NAV does not change. When people buy the fund the price goes up, just like a stock does. But the yield is based in nominal dollar terms (fixed value based on the payouts of the bonds it holds) so ...
by FoolMeOnce
Sat Jun 08, 2019 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18381

Re: Paying for rent is throwing away money...myth?

https://jlcollinsnh.com/2013/05/29/why- ... nvestment/

I own a home, but I am under no illusion that it was a financial savvy idea. But it made sense because we could afford it without worry and have kids and wanted stability and to stay in place for schools.
by FoolMeOnce
Thu Jun 06, 2019 8:22 am
Forum: Personal Investments
Topic: How would you invest a lump sum of 3 million dollars in today's market?
Replies: 50
Views: 5483

Re: How would you invest a lump sum of 3 million dollars in today's market?

Do not listen to anyone who tells you lump sum invest it all. That is a terrible idea. Not because it doesn't typically out perform dca investing it actually does in a vacuum when performed by unemotional robots. But in real life someone investing $3,000,000 all at one time with no prior market exp...
by FoolMeOnce
Wed Jun 05, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: Company requiring salaried employees to clock in?
Replies: 92
Views: 4755

Re: Company requiring salaried employees to clock in?

I have to clock in and out. But our time is very flexible, there isn't really any time in the morning by which we need to be in. We just need to hit our minimum hours over the course of a month (or more). I'm a government employee and there are occasional audits. The purpose is to ensure employees a...
by FoolMeOnce
Mon Jun 03, 2019 4:38 pm
Forum: Investing - Theory, News & General
Topic: Basic HSA question
Replies: 6
Views: 650

Re: Basic HSA question

You can also do self + kids (usually cheaper than self + spouse + kids) and qualify for the family contribution limit. The important part is simply whether you (the HSA owner) are on a self or family (self + any additional family) insurance plan. In that case, if you're OK having all HSA funds in y...
by FoolMeOnce
Mon Jun 03, 2019 1:05 pm
Forum: Investing - Theory, News & General
Topic: Basic HSA question
Replies: 6
Views: 650

Re: Basic HSA question

Thanks, all. Spouse 1 would be switching to HDHP mid-year through employer. Her choice period is always mid-year, so if she eventually switched to something else that did not qualify, that would also be mid-year and we'd have to deal with the tax consequences of that switch. Spouse 2 and kids will n...
by FoolMeOnce
Mon Jun 03, 2019 8:10 am
Forum: Investing - Theory, News & General
Topic: Basic HSA question
Replies: 6
Views: 650

Basic HSA question

To be able to contribute to the family maximum in an HSA ($7k in 2019), does a second person in the family have to be on the eligible health plan? That is, if Spouse 1 has an HSA-eligible high deductible plan, but Spouse 2 and all kids are on Spouse 2's plan that is not eligible for an HSA, is the c...
by FoolMeOnce
Mon May 27, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE in 6-7 years vs 20+ years
Replies: 44
Views: 4881

Re: FIRE in 6-7 years vs 20+ years

If you can save $250k/yr, you'll hit $4 million in today's dollars with 4% real retun in about 12.5 years.
by FoolMeOnce
Sat May 25, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Divorced spousal benefit strategy
Replies: 7
Views: 1132

Re: Divorced spousal benefit strategy

If the ex-husband continues to work and his earnings are large enough to displace an earlier year in his highest 35 years of adjusted earnings, his PIA is recalculated. Since her spousal benefit is based on his PIA, she will get a bump in pay as well. If her spousal benefit is greater than her own ...
by FoolMeOnce
Sat May 25, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Divorced spousal benefit strategy
Replies: 7
Views: 1132

Re: Divorced spousal benefit strategy

Thanks for the responses. Anyone know what happens when the Ex continues working on his late 60s? Do those years affect the divorced spouse benefit, and, if so, does it matter whether she waits to file for the benefit? Or is the benefit based on the PIA at the Ex's FRA and unaffected by high earnin...
by FoolMeOnce
Sat May 25, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Divorced spousal benefit strategy
Replies: 7
Views: 1132

Re: Divorced spousal benefit strategy

Thanks for the responses. Anyone know what happens when the Ex continues working on his late 60s? Do those years affect the divorced spouse benefit, and, if so, does it matter whether she waits to file for the benefit? Or is the benefit based on the PIA at the Ex's FRA and unaffected by high earning...
by FoolMeOnce
Sat May 25, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Divorced spousal benefit strategy
Replies: 7
Views: 1132

Divorced spousal benefit strategy

Asking for a friend. I've read some old threads, but couldn't find anything on one question in particular, and there may have been some changes in the law, so here we go: She and He were married more than 10 years; now divorced. She has not remarried. Both She and He are at FRA. Neither has started ...
by FoolMeOnce
Sat May 18, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17917

Re: High net worth, elite private or “good” public

Steven in NC wrote:
Sat May 18, 2019 4:13 pm
Money no issue? Private. You have input into the process that will be considered. Public...not so much.
I kind of see it the opposite way. Money can buy parental influence in public schools and the competition in that regard will be much lower.
by FoolMeOnce
Sat May 18, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17917

Re: High net worth, elite private or “good” public

Hello, my kids will going into 4th 2nd and K this coming school year. The 2 oldest are doing well but my DW and I have growing reservations about the nearby public school system. Currently the elementary /middle / and high schools are all “B” rated schools (7/10 great school rankings). Do you have ...
by FoolMeOnce
Fri May 17, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 315
Views: 21481

Re: Selling home- Demanding Buyer (Repairs)

Good advice above. I would credit instead of doing repairs, too. And don't get too confident about three offers in seven days; that is good, but not what I would call a hot market.
by FoolMeOnce
Wed May 15, 2019 10:52 am
Forum: Personal Investments
Topic: sanity check
Replies: 10
Views: 796

Re: sanity check

To be clear, after 401k max, healthcare, and bay area housing, (alone with whatever else you included in "etc."), you are clearing $9,500/month? If you are feeling pinched, you should look at your other spending for reductions.

Hard to know $460k savings is "behind" without your ages.
by FoolMeOnce
Fri May 10, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5268

Re: Help me pull the trigger-need to quit

Current spending is $117k per year. After contributing to his 403b and 401a contributions and health insurance, DH is currently bringing home $56k. So we would have to draw about $60k down per year from our investments. Your numbers are a bit better than you think. Your withdrawal from your portfol...
by FoolMeOnce
Fri May 10, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5268

Re: Help me pull the trigger-need to quit

Out of the $2.3 million you currently have saved, the $1.3 million in retirement accounts cannot bectapped niw and effectively locked until age 59.5. That is another 18 to 19 years approximately. You have $1 million available in taxable, perhaps another $500k from your inherited IRA. If this corpus...
by FoolMeOnce
Fri May 10, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5268

Re: Help me pull the trigger-need to quit

Current spending is $117k per year. After contributing to his 403b and 401a contributions and health insurance, DH is currently bringing home $56k. So we would have to draw about $60k down per year from our investments. Your numbers are a bit better than you think. Your withdrawal from your portfol...
by FoolMeOnce
Sat Apr 27, 2019 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Will and beneficiaries help
Replies: 18
Views: 1322

Re: Will and beneficiaries help

If you hired a lawyer to create your wills, ask the lawyer for the language you should use for the second beneficiary. It will probably be something similar to what you suggested, and would likely include the date of the will.
by FoolMeOnce
Wed Apr 24, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8176

Re: What, if anything, do I owe this guy?

If you do talk to him, do not provide details of your plans, like using just a few funds, asset allocation, etc. That will give him an opening to criticize specific points, which might lead to self-doubt. Maybe don't even mention self-directing.
by FoolMeOnce
Sun Apr 21, 2019 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate capital gains
Replies: 8
Views: 941

Re: Real estate capital gains

My wife’s widowed mother is 86 years old and wishes to leave her house to my wife’s sister and her husband when she dies. There are no other siblings and no mortgage on the house. My mother-in-law and her deceased husband bought the house for 30k years ago and it is now worth 430K. She lives on soc...
by FoolMeOnce
Wed Apr 17, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can I semi-retire now?
Replies: 138
Views: 12886

Re: Can I semi-retire now?

First, I don't want to be disrespectful, and I'm always open to being schooled and admitting I'm wrong. When I was growing up (1960s, Midwest, middle of the middle-class) one of the worst things you could say about somebody was that he was "on welfare," especially when the implication was it is was...
by FoolMeOnce
Wed Apr 17, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I semi-retire now?
Replies: 138
Views: 12886

Re: Can I semi-retire now?

What if chipperd first decided to reduce hours and take Fridays off, and then discovered-surprise!-this only cost $80 after taxes and increased financial aid. 1) Would chipperd be ethically obliged to go back to working Fridays? 2) If not, is there really that big of a difference. Either way, from t...
by FoolMeOnce
Wed Apr 17, 2019 2:41 pm
Forum: Personal Consumer Issues
Topic: Buying nightguards (teeth grinding)
Replies: 65
Views: 7459

Re: Buying nightguards (teeth grinding)

This one is much slimmer (and harder) than the bulky soft ones mentioned up thread (in 2017, if you didn't notice...). Does not cover your gums, either.

Worth a try before paying several hundred dollars.

https://www.amazon.com/gp/aw/d/B00NBU4Q ... asin_title
by FoolMeOnce
Wed Apr 17, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can I semi-retire now?
Replies: 138
Views: 12886

Re: Can I semi-retire now?

I know from a previous post that this way of thinking tends to bring out an ethical question for some. I would ask these same folks if they are ethically consistent in how they view paying income taxes? Interested in responses but don't wish to high jack this thread. Thanks. What do you think the r...
by FoolMeOnce
Tue Apr 16, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Parents added siblings and I to house title, possible to undo without negative consequences?
Replies: 37
Views: 1613

Re: Parents added siblings and I to house title, possible to undo without negative consequences?

Without a bit more information, we can't know if this was a mistake (in terms of leaving heirs with the most $$ after accounting for taxes). Depends if and to what extent the property would have been subject to state and federal estate taxes had it not been gifted. It is possible that the estate tax...
by FoolMeOnce
Tue Apr 16, 2019 12:29 pm
Forum: Personal Investments
Topic: How did it come to this? [Help with investments]
Replies: 51
Views: 5305

Re: How did it come to this?

You seem to be in pretty sound financial shape with about $900k in non-housing assets, am expected $36k/yr in outside income (pension and SS), and seemingly low-ish expenses (considering your income and savings), and your plan to keep working until 65. So don't panic! Regarding owing taxes at tax-ti...
by FoolMeOnce
Mon Apr 15, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Job choice: higher pay or more interesting work?
Replies: 14
Views: 1656

Re: Job choice: higher pay or more interesting work?

Also depends on your family situation. It you are young and single, I'd be more inclined to suggest you take the risk and work your tail off.
by FoolMeOnce
Sun Apr 14, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: [Renting now, should we purchase a condo?]
Replies: 2
Views: 146

Re: How much can I spend on a house? Addendum

UPDATE I am the OP, still house-hunting. I have found a condo I like now and am wondering (again) if it is too expensive. My numbers have changed a little from when I first posted, so I am updating. The condo is $635,000. I would pay cash (prefer not to have a mortgage). (Large carryover losses mea...
by FoolMeOnce
Sun Apr 14, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: UPDATE: How much can I spend on a house?
Replies: 23
Views: 4329

Re: How much can I spend on a house?

UPDATE I am the OP, still house-hunting. I have found a condo I like now and am wondering (again) if it is too expensive. My numbers have changed a little from when I first posted, so I am updating. The condo is $635,000. I would pay cash (prefer not to have a mortgage). (Large carryover losses mea...
by FoolMeOnce
Sat Apr 13, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Roth 401(k) - Is this normal?
Replies: 35
Views: 1745

Re: Roth 401(k) - Is this normal?

I'd be more concerned that they used the term "after tax" rather than Roth. Roth is an after tax account in that you pay tax on the contributions, but an after-tax account is something different, so you should make very sure that you're making Roth contributions. That concerned me, too. However, ac...
by FoolMeOnce
Sat Apr 13, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Roth 401(k) - Is this normal?
Replies: 35
Views: 1745

Re: Roth 401(k) - Is this normal?

This normally would make me nervous as well. I'm not sure I'd trust them to keep it straight. It's good that you're tracking it separately. (I'd also strongly suggest you keep your statements from this account going forward.) However, this article seems to offer some guidance on how this money will...
by FoolMeOnce
Fri Apr 12, 2019 2:54 pm
Forum: Personal Investments
Topic: 33M/31F - just paid off $160k student loans; Need guidance with Retirement Plan
Replies: 6
Views: 726

Re: 33M/31F - just paid off $160k student loans; Need guidance with Retirement Plan

Great job knocking out those loans! 1) Do a backdoor Roth for the full amount of $6k for each of you. 2) You'll get mixed views on whether to pay down a 3.75% mortgage or invest. If you invest, a taxable account is just a brokerage account you open. Tax-advantaged accounts are workplace (e.g. 401k) ...
by FoolMeOnce
Thu Apr 11, 2019 2:12 pm
Forum: Personal Investments
Topic: seeking financial advice
Replies: 4
Views: 517

Re: seeking financial advice

All the the questions, suggestions, and advice on response to your same post a year ago still seem relevant. Take another look:

viewtopic.php?f=1&t=247537
by FoolMeOnce
Wed Apr 10, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: Buying New Home
Replies: 14
Views: 937

Re: Buying New Home

Without much financial info to go on, I'd say this sounds great, go for it!
by FoolMeOnce
Wed Apr 10, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Can/Should we build a new house?
Replies: 13
Views: 1263

Re: Can/Should we build a new house?

Your salaries seem good for a VLCOL area, especially with no child care expenses, and yet you still only save 10% of your incomes (excluding pension). I would not want to cut that back to build a new home unless your pensions are very secure and very generous. And, first, you need to decide whether ...
by FoolMeOnce
Wed Apr 10, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Typical financial milestones before purchasing second/vacation home?
Replies: 15
Views: 983

Re: Typical financial milestones before purchasing second/vacation home?

I don't have a second home, but I think a good financial milestone before buying one with a mortgage is having a paid off first home.
by FoolMeOnce
Wed Apr 10, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: $20k day care...how is it taxed?
Replies: 85
Views: 5392

Re: $20k day care...how is it taxed?

A quick question if me and my wife can put money into a daycare FSA should we both be contributing the max of 5k? We pay over 20k in daycare expenses. Property taxes, daycare, nothing helped us this year........ No. The maximum for married filing jointly is $5k (See IRS Pub. 503, re: "dependent car...
by FoolMeOnce
Wed Apr 10, 2019 1:54 pm
Forum: Personal Investments
Topic: Clean up of 100+ stocks in taxable
Replies: 32
Views: 2692

Re: Clean up of 100+ stocks in taxable

Take a gap year to reduce you earning income to barely 0% long term cap gain. Set a market sell and cleaning up every stock you have and don't worry about gain and loss. Put all proceeding into a balanced index fund (40/30/30 US/Intl/Bond). Forget about everything and let the market run it' course....
by FoolMeOnce
Wed Apr 10, 2019 1:10 pm
Forum: Personal Investments
Topic: Clean up of 100+ stocks in taxable
Replies: 32
Views: 2692

Re: Clean up of 100+ stocks in taxable

Take a gap year to reduce you earning income to barely 0% long term cap gain. Set a market sell and cleaning up every stock you have and don't worry about gain and loss. Put all proceeding into a balanced index fund (40/30/30 US/Intl/Bond). Forget about everything and let the market run it' course....
by FoolMeOnce
Wed Apr 10, 2019 11:45 am
Forum: Personal Investments
Topic: Clean up of 100+ stocks in taxable
Replies: 32
Views: 2692

Re: Clean up of 100+ stocks in taxable

So I’ve made some progress, but wanted to check in before I do anything else. I sold everything with losses and already matched it all with stocked with gains. I gave to DAF. This is what I’m left with: 35 stocks ($159k), $19.6 STG +$1753 LTG (from AAPL) IAU (gold etf) $19.7k, $1200 STG PDBC (commo...
by FoolMeOnce
Tue Apr 09, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Best use of 0% Long Term Capital Gains tax rate
Replies: 9
Views: 1295

Re: Best use of 0% Long Term Capital Gains tax rate

I believe the 0% rate for 2019 tops out at $39,375, not $38,600 (the upper limit in 2018). But, capital gains tax rates are not static, but are progressive just like income taxes. That is, when your other earned income places you in a certain capital gains tax bracket, that rate does not apply to i...
by FoolMeOnce
Tue Apr 09, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best use of 0% Long Term Capital Gains tax rate
Replies: 9
Views: 1295

Re: Best use of 0% Long Term Capital Gains tax rate

I believe the 0% rate for 2019 tops out at $39,375, not $38,600 (the upper limit in 2018). [Edit: everything below was based on me misreading the OP] But, capital gains tax rates are not static, but are progressive just like income taxes. That is, when your other earned income places you in a certai...
by FoolMeOnce
Tue Apr 09, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: $20k day care...how is it taxed?
Replies: 85
Views: 5392

Re: $20k day care...how is it taxed?

Regarding working from home and watching kids at the same time, I don't see this as a viable option. Babies, toddlers, and little kids need interaction with others, not left to sit in a crib by themselves, or play by themselves. Parents who spend the day at home playing with their kids aren't worki...
by FoolMeOnce
Tue Apr 09, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Would you do this renovation?
Replies: 23
Views: 1384

Re: Would you do this renovation?

It sounds like you've already talking yourself into it. If you need to do the roof, then you might as well do the AC if fixing that later would required opening up the roof. If you really plan to be in the home for decades and your kids will be out in five years, are you sure you want to move the la...
by FoolMeOnce
Tue Apr 09, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: $20k day care...how is it taxed?
Replies: 85
Views: 5392

Re: $20k day care...how is it taxed?

I'm not so sure about this. Are you? Everything I've read about the $3k and $6k benefits are that those are expense limits against which you can claim a credit , based on a percentage of those limits that reduces starting at a very low income, reaching a minimum 20% very quickly. Also, they are not...
by FoolMeOnce
Tue Apr 09, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: $20k day care...how is it taxed?
Replies: 85
Views: 5392

Re: $20k day care...how is it taxed?

Now for daycare: You can either do an FSA which will take $5,000 from pretax money (sort of like a 401k). The $5,000 is the max in total and it dosent matter if you have 1 child or 5 it's only $5000 total. This is usually the best option if you only have 1 child or You can file for dependant care d...
by FoolMeOnce
Mon Apr 08, 2019 10:52 pm
Forum: Investing - Theory, News & General
Topic: Should I place bonds in my IRA or Roth IRA
Replies: 25
Views: 1511

Re: Should I place bonds in my IRA or Roth IRA

Well, yes, if you discount for the tax cost of the Roth contribution. But that's not what we are discussing. OP isn't asking where to contribute, but rather how to allocate the dollars already in the accounts. If you expect equities to grow more than bonds, fill up the Roth with equities first. You...
by FoolMeOnce
Mon Apr 08, 2019 10:15 pm
Forum: Investing - Theory, News & General
Topic: Should I place bonds in my IRA or Roth IRA
Replies: 25
Views: 1511

Re: Should I place bonds in my IRA or Roth IRA

Thanks for providing an example to work from! I will add to your options scenario 2) Equities HALVE while bonds grow 20%. This is just the truism that a dollar withdrawn from Roth is more valuable than a dollar withdrawn from traditional. But if you put equities in Roth and bonds in traditional, yo...