Search found 2219 matches

by Stinky
Sat Nov 16, 2019 11:19 pm
Forum: Personal Investments
Topic: Why am I taking so much risk?
Replies: 27
Views: 2396

Re: Why am I taking so much risk?

For instance, right now, the prospect of losing 20-25% of my savings is horrifying to me. Realize that the "loss" of 20-25% of your savings is just temporary. Stocks may not recover all of their value immediately, but historically they have recovered over time. It's only a "loss" if you you decide ...
by Stinky
Sat Nov 16, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1973
Views: 203597

Re: U.S. stocks continue to soar!

It is being predicted that if specific events come to pass the market will decline by 20 to 30% as fast as the circuit breakers will permit. :shock: What "specific events" are these? Nobody is quite sure yet, but after the fact they will be clear as a bell! :shock: It's pretty easy to understand hi...
by Stinky
Sat Nov 16, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 110
Views: 6857

Re: Best thing you have ever bought?

hoops777 wrote:
Sat Nov 16, 2019 12:49 pm
My new Apple AirPods which have eliminated the pain in the butt wires.
I said iPhone up thread.

I should have said iPhone AND AirPods. Able to listen to podcasts and classical music, liberated from annoying wires.
by Stinky
Sat Nov 16, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1973
Views: 203597

Re: U.S. stocks continue to soar!

J G Bankerton wrote:
Sat Nov 16, 2019 10:25 am
It is being predicted that if specific events come to pass the market will decline by 20 to 30% as fast as the circuit breakers will permit. :shock:
What "specific events" are these?
by Stinky
Sat Nov 16, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: Withdrawing from deferred income plan
Replies: 2
Views: 251

Re: Withdrawing from deferred income plan

It has proved a good decision for me (I am well aware of the risks) ..... For reference, I typically file in today's 32% to 37% tax bracket depending on stock option exercise and I'll withdraw in the 12 or 22% bracket ..... I will retire in a few years and use this account to cover much of my expen...
by Stinky
Sat Nov 16, 2019 9:39 am
Forum: Personal Investments
Topic: Why am I taking so much risk?
Replies: 27
Views: 2396

Re: Why am I taking so much risk?

For instance, right now, the prospect of losing 20-25% of my savings is horrifying to me. Realize that the "loss" of 20-25% of your savings is just temporary. Stocks may not recover all of their value immediately, but historically they have recovered over time. It's only a "loss" if you you decide ...
by Stinky
Sat Nov 16, 2019 9:22 am
Forum: Investing - Theory, News & General
Topic: Selling before Year End Distributions
Replies: 13
Views: 1119

Re: Selling before Year End Distributions

I'd sell any fund in my taxable account that was expected to pay out 5% of its value as a capital gain distribution since it would probably be a terribly tax inefficient fund. I'd sell it now before there are any more possible gains. +1 I wouldn't want to hold any fund like this. I'd rather harvest...
by Stinky
Sat Nov 16, 2019 9:19 am
Forum: Personal Investments
Topic: Questions about Fidelity Charitable DAF
Replies: 34
Views: 1852

Re: Questions about Fidelity Charitable DAF

Who actually writes a donation check from DAF? Does DAF give you a check book? If DAF issues a donation check directly, how does it know the recipient is an eligible charitable organization? I can only speak for the Fidelity DAF. They do not give you a checkbook. You go into their website and find ...
by Stinky
Fri Nov 15, 2019 8:12 pm
Forum: Investing - Theory, News & General
Topic: Preparing for a down market
Replies: 46
Views: 3943

Re: Preparing for a down market

I keep minimal cash.

But bond funds are available for draw down as needed.
by Stinky
Fri Nov 15, 2019 4:12 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 110
Views: 6857

Re: Best thing you have ever bought?

My iPhone.

Hours of entertainment of all types.
by Stinky
Fri Nov 15, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1973
Views: 203597

Re: U.S. stocks continue to soar!

S&P 500 at 3,113 right now. That's what I call soaring! :sharebeer Is today going to be a melt-up day? I still don't know what 'melt-up' means. Irrational exuberance? :?: Pretty much, it seems. I had always thought it was about covering an excess of shorts and being forced to capitulate to market g...
by Stinky
Fri Nov 15, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tax harvest gain this year?
Replies: 9
Views: 505

Re: Should I tax harvest gain this year?

Looks like Social Security income will put me over the limit IF indeed it is used in the calculation. Would love to hear from someone who has been through this and knows for sure about the SS part of this issue. Maybe the Tax Caster will confirm one way or the other so I will give it a try. If the ...
by Stinky
Fri Nov 15, 2019 3:36 pm
Forum: Personal Investments
Topic: Questions about Fidelity Charitable DAF
Replies: 34
Views: 1852

Re: Questions about Fidelity Charitable DAF

It's also already made me more charitable - I had been hesitating on donating a medium amount in memory of a friends spouse to a charity I sporadically supported in the past but not regularly, because I was conflicted, thinking the amount was not quite enough to be worth it to transfer appreciated ...
by Stinky
Fri Nov 15, 2019 12:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1973
Views: 203597

Re: U.S. stocks continue to soar!

willthrill81 wrote:
Fri Nov 15, 2019 12:32 pm
S&P 500 at 3,113 right now. That's what I call soaring! :sharebeer
Is today going to be a melt-up day?
by Stinky
Fri Nov 15, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: too late for additional life insurance?
Replies: 12
Views: 976

Re: too late for additional life insurance?

Thanks for weighing in, everyone! First the tentatively good news. The doctor doesn't think it's anything too serious, so far. Directed me to go see a specialist at the next available appointment, and is having my try some OTC medications for some of the symptoms That sounds like a good report - be...
by Stinky
Fri Nov 15, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Yet another pension vs lump sum Q, with a twist
Replies: 6
Views: 455

Re: Yet another pension vs lump sum Q, with a twist

A couple couple of things to consider. 2) Find out what happens to the money if you both die before starting the pension. In many cases your estate would not get anything . Yeah, there would be nothing. Of course I wouldn't need it then :), but it would be nice to leave it for my children. OP, you'...
by Stinky
Fri Nov 15, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Options for great aunt ($0 net worth, low income, retired)
Replies: 23
Views: 3141

Re: Options for great aunt ($0 net worth, low income, retired)

I think that the refusal to give up the pets may be a big sticking point on any housing other than what she has now. I agree. I'm not sure how you move her off dead center unless this can be resolved. I understand that pets can be important to seniors; I also understand that it's important to have ...
by Stinky
Fri Nov 15, 2019 8:30 am
Forum: Investing - Theory, News & General
Topic: Total Bond Market Index Fund
Replies: 25
Views: 1996

Re: Total Bond Market Index Fund

I would like to ask the brilliant investors that post on these forums if they are still using the Total Bond Market Index Fund or if some have switched to another, possibly of shorter duration given the current interest rate levels. Thank you in advance. I'm not brilliant, but I did stay at a Holid...
by Stinky
Fri Nov 15, 2019 8:26 am
Forum: Personal Consumer Issues
Topic: Forgot to pay Kohl's bill for two months, consequences?
Replies: 31
Views: 1783

Re: Forgot to pay Kohl's bill for two months, consequences?

My fear of this kind of event is why I'll personally disdain going paperless on bills, especially a store charge where some month may have a payment, and some don't. Too easy to let that email slip by with all the other junky messages. I want that paper bill in front of me to reminding me, nagging ...
by Stinky
Fri Nov 15, 2019 8:20 am
Forum: Personal Investments
Topic: New Member - Portfolio Allocation Feedback
Replies: 16
Views: 952

Re: New Member - Portfolio Allocation Feedback

Thanks for the feedback Stinky. I was thinking the same, to load up on my DAF to match charitable contributions I would have made anyways in the future. Why do you like Fidelity better than Schwab? One thing I noticed about DAFs is that they all charge a percentage of the total assets in the fund. ...
by Stinky
Fri Nov 15, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 53
Views: 4448

Re: Equal Inheritance for Children

LilyFleur wrote:
Fri Nov 15, 2019 12:43 am

OP hasn't let us know the situation.
It will be interesting to hear OP's thoughts about the alternatives presented by BHs.
by Stinky
Fri Nov 15, 2019 7:22 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1973
Views: 203597

Re: U.S. stocks continue to soar!

Futures up again this morning.

Hopefully today is the day that S&P closes above 3,100.
by Stinky
Thu Nov 14, 2019 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance
Replies: 7
Views: 512

Re: Term life insurance

Lincoln is an excellent company. I would have no concern in buying from them.

OP, please post back and let us know how it goes for you.
by Stinky
Thu Nov 14, 2019 7:53 pm
Forum: Personal Investments
Topic: Need of investment adviser?
Replies: 7
Views: 526

Re: Need of investment adviser?

The investing startup kit in the Wiki is a great place to start, link here: https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investing_start-up_kit From the book list, start with the introductory “If You Can”, Bernstein’s little pamphlet which is a free PDF. [edit] And don’t be afraid to ask questi...
by Stinky
Thu Nov 14, 2019 7:40 pm
Forum: Investing - Theory, News & General
Topic: SP500 is very top heavy right now
Replies: 106
Views: 7674

Re: SP500 is very top heavy right now

VTWAX (Vanguard Total World Stock Index Fund) has 10.8% in the top ten names. https://investor.vanguard.com/mutual-funds/profile/portfolio/VTWAX/quarter-end-holdings Interesting that 9 of top 10 names in the Total World fund are based in the US. Only Nestle is non-US incorporated. But they do a lot...
by Stinky
Thu Nov 14, 2019 4:54 pm
Forum: Investing - Theory, News & General
Topic: Why would a CPFA recommend high fee funds?
Replies: 37
Views: 1462

Re: Why would a CPFA recommend high fee funds?

If the HR person isn’t attending with you, be prepared (worst case) for the CPFA to not be “persuaded” despite your facts/eloquence to change his recommendations and for the HR person to decide to go with the “expert” recommendation. If you get that impression, perhaps you can draft a concise memo ...
by Stinky
Thu Nov 14, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1973
Views: 203597

Re: U.S. stocks continue to soar!

Another day.

Another record high close for the S&P 500.

Ho hum. :moneybag
by Stinky
Thu Nov 14, 2019 3:17 pm
Forum: Investing - Theory, News & General
Topic: Why would a CPFA recommend high fee funds?
Replies: 37
Views: 1462

Re: Why would a CPFA recommend high fee funds?

Consider: 1. Have the company decision-maker in the meeting or on the call with you. 2. You might want to find a white paper or two from Vanguard if there is one about how high ERs/fees are bad 3. Have the names handy of the companies/universities that have recently lost lawsuits brought by employe...
by Stinky
Thu Nov 14, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 53
Views: 4448

Re: Equal Inheritance for Children

I am not a lawyer, but I would think you could say something to the effect of "50% for each child. Each child's share includes funds already received." Then attach a letter of instruction that you update each year with the total gifts you have given to each child. Alternatively, put $15K per year i...
by Stinky
Thu Nov 14, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus in Stock - sell or wait for LT CG
Replies: 5
Views: 452

Re: Bonus in Stock - sell or wait for LT CG

Welcome to the Board! Thanks for your question. It sounds like you don’t want to hold this stock long term. If so, sell it as soon as you can. You’ll pay income tax at your marginal rate on the value and the grant date, and then will have a trivial gain or loss on the change in value between date of...
by Stinky
Thu Nov 14, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Question on personal accounting costs for tax preparation
Replies: 10
Views: 583

Re: Question on personal accounting costs for tax preparation

couchpotatoadopter wrote:
Thu Nov 14, 2019 12:44 pm
Thank you all very much for your encouragement. Your comments have given me the necessary “push” to try to do it on my own. Very appreciative of your help.
Please post back after you’ve had a chance to try it on your own.
by Stinky
Thu Nov 14, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Gift to granddaughter
Replies: 11
Views: 976

Re: Gift to granddaughter

Thank you for all of your kind words. Truly appreciate it. I will also tell her about the interest. PS. She is a twin and both are going to different, local colleges. And they are truly special girls or young adults now. Hopefully you’ve passed your spirit of generosity down to your granddaughters....
by Stinky
Thu Nov 14, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Charge - refund
Replies: 22
Views: 1588

Re: Credit Card Charge - refund

I thought the saga would end here, Well, I was wrong. The business refunded my money on 11/9 on 11/8 they charged me the same amount again, I just got off the phone with amex, I put a block on them for any future charges. Shady would be an understatement. If this is how they handle credit card paym...
by Stinky
Thu Nov 14, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: too late for additional life insurance?
Replies: 12
Views: 976

Re: too late for additional life insurance?

I have decent life insurance coverage through my employer, and a small whole life insurance policy that a family member took out for me when I was an infant, but due to laziness and forgetfulness have no self-purchased term life insurance. :oops: And I have a spouse and young kids. I'm seeing the d...
by Stinky
Thu Nov 14, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage premium - how do I pay it?
Replies: 0
Views: 136

Medicare Advantage premium - how do I pay it?

I am currently enrolled in a Medicare Advantage plan with a $0 additional premium beyond Part B. I am not currently receiving Social Security benefits. I receive a monthly premium notice in the mail from the Medicare part of the government. My question to the Boglehead community is how this could / ...
by Stinky
Thu Nov 14, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: adult child moving back
Replies: 31
Views: 4349

Re: adult child moving back

I plan on written agreement that we discuss and sign. - Cost of living (plus crowding and air pollution) may be too high here for the long term. Make sure that you discuss your possible future move to another location when you have your discussion about the written agreement. If you "kinda maybe" w...
by Stinky
Thu Nov 14, 2019 8:52 am
Forum: Personal Investments
Topic: New Member - Portfolio Allocation Feedback
Replies: 16
Views: 952

Re: New Member - Portfolio Allocation Feedback

You're in a high tax bracket, so selling Alphabet stock will add to your income, BUT, it will be at the lower long term capital gains rate. If I were you, I'd make part of my plan to sell off some of this stock every year for the foreseeable future (perhaps over as much as 10 years). You just can't...
by Stinky
Thu Nov 14, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Gift to granddaughter
Replies: 11
Views: 976

Re: Gift to granddaughter

My granddaughter is in college and still owes about $10,000. If I pay the debt off for her, can I take the payment off my federal income taxes? This would not be a deal breaker, just want to know in advance before sending the check to the college. While not deductible, that's an extremely nice thin...
by Stinky
Thu Nov 14, 2019 8:36 am
Forum: Personal Investments
Topic: Portfolio Advice - Near Retirement - New Investor Needs Help!
Replies: 14
Views: 964

Re: Portfolio Advice - Near Retirement - New Investor Needs Help!

After reading the books and trolling this site for a few days, I wish I would have taken the initiative to learn this information at 32 instead of 62. But, it is what it is. Welcome to the Forum! Glad that you posted your questions and information. I must say that, for not having "a plan", you've d...
by Stinky
Wed Nov 13, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA guidance
Replies: 9
Views: 765

Re: Roth IRA guidance

You’re 40 years old, have almost $2 million in assets, and still have student loans?

Pay them off. Put that debt behind you.
by Stinky
Wed Nov 13, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Collection Calls Right After Death
Replies: 35
Views: 2747

Re: Collection Calls Right After Death

Has anyone heard of a scam where collection agencies call relatives of the deceased shortly after death? My sister’s ex husband recently passed away and a couple weeks later she received a call from a collection agency saying there is $37k owed on HELOC on the House she is living in. Her ex had tol...
by Stinky
Wed Nov 13, 2019 7:43 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Owl Rock's 7% return
Replies: 16
Views: 1568

Re: Help me understand Owl Rock's 7% return

It might be wise to read the statement of risks on page 5 of that document including: Youshouldnotexpecttobeabletosellyoursharesregardlessofhowweperformandyoushouldconsiderthatyoumaynothaveaccesstothemoneyyouinvestforanindefiniteperiodoftime.Aninvestmentinsharesofourcommonstockisnotsuitableforyouif...
by Stinky
Wed Nov 13, 2019 9:32 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 65
Views: 4027

Re: How to combine finances with your spouse? Recently married/early30s

This is only my opinion, but I don't believe there's a healthy, realistic way to sort of combined finances. His debt is now your debt, and your nest egg is now his nest egg. Combine it all, work on financial goals together, and share in failures and successes. That's marriage. I absolutely agree. C...
by Stinky
Wed Nov 13, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Question on personal accounting costs for tax preparation
Replies: 10
Views: 583

Re: Question on personal accounting costs for tax preparation

I'd absolutely experiment with Turbotax and see if you can do the returns yourself. $1,500 per year is a heavy cost for what should be a pretty straightforward return. And you may surprise yourself that you can do a lot of "what if" calculations that will allow you to calibrate your tax withholding ...
by Stinky
Wed Nov 13, 2019 9:20 am
Forum: Personal Investments
Topic: New financial responsibilities - a young couple seeking advice
Replies: 19
Views: 1395

Re: New financial responsibilities - a young couple seeking advice

My new DW and I have had some big life changes in the last couple of years and it’s time to take a hard look at how we’re moving forward. We purchased a house in a MCOL area in April of 2018. In June of 2019 we got married. We’re both steadily employed with modest/moderate income (household pre-tax...
by Stinky
Wed Nov 13, 2019 8:56 am
Forum: Personal Investments
Topic: Strategy for transitioning to Bogle
Replies: 10
Views: 515

Re: Strategy for transitioning to Bogle

I am changing my investment strategy from using an advisor, to applying the Bogle philosophy. I currently have a mix of mutual funds, ETF's and securities. I am ten years from retirement. The majority of my investments are in tax-free IRA accounts. I would like to know if there is a strategy for wh...
by Stinky
Wed Nov 13, 2019 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 72
Views: 4605

Re: Are complicated credit card cash back strategies worth it?

We actively use four cards. Costco for gas, restaurants, and Costco; Amazon for Amazon only; Target for Target only; and Citi Double Cash for everything else.

I guess we could get a few more rebate dollars by using more cards. For me, it’s just not worth spending the mental energy.
by Stinky
Tue Nov 12, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare Via Monthly Social Security Distribution
Replies: 6
Views: 672

Re: Paying for Medicare Via Monthly Social Security Distribution

Just pay what the government says to pay, when they say to pay it.

No earlier. No later.

No more. No less.
by Stinky
Tue Nov 12, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to shop for term life insurance
Replies: 8
Views: 480

Re: How to shop for term life insurance

Nate79 wrote:
Tue Nov 12, 2019 6:03 pm
I would use term4sale or Zander and shop based on price.
+1 on both sites. I personally prefer Zander.

Any of the companies listed on those sites will be strong enough to take care of your term policy. Shop based on price.
by Stinky
Tue Nov 12, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Catch Up Contributions
Replies: 9
Views: 806

Re: 401k Catch Up Contributions

Congratulations to you in catching this blunder by your HR team.