Search found 1012 matches

by Stinky
Mon Jun 17, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: Are you a member of nextdoor.com? Any concerns registering your info?
Replies: 14
Views: 907

Re: Are you a member of nextdoor.com? Any concerns registering your info?

I am what they consider a "lead" and "founding member" for my neighborhood. Check the site daily. Outside of the normal gripes people share, great way to find contractors or see about crime in the area. The verification, I think, is actually nice. Somewhat of an attempt to keep it to locals. This i...
by Stinky
Mon Jun 17, 2019 3:04 pm
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 31
Views: 911

Re: User reviews - How do you use them?

2. Thinking about buying something on Amazon. Go straight to the 1-star reviews. If 23% of all reviews are 1 star, then I will not buy. This. I pretty much read just one star and some two star reviews. If there is a significant percentage and they seem real, I won’t buy. But even the best products ...
by Stinky
Mon Jun 17, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Doing Your Own Taxes
Replies: 25
Views: 1860

Re: Doing Your Own Taxes

I have always been doing my tax return by hand, even with SE, HSA, multiple 1099s, Child care credits, rollover 401Ks, etc etc. Never once I used tax software or pay anybody. Same with me. I’ve done my taxes by hand for 40 years. Some people would call me a Luddite for not adopting technology. But ...
by Stinky
Mon Jun 17, 2019 7:17 am
Forum: Investing - Theory, News & General
Topic: So much for financial predictions, eh?
Replies: 45
Views: 3699

Re: So much for financial predictions, eh?

JTColton wrote:
Sun Jun 16, 2019 11:36 am
"Nobody knows nothing" indeed!
This pretty well sums it up. Even the "experts" totally missed this one. (And who decided that these guys are "experts"???)

Adopt an investment policy, and stay the course.
by Stinky
Mon Jun 17, 2019 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Doing Your Own Taxes
Replies: 25
Views: 1860

Re: Doing Your Own Taxes

I would suggest sitting down with the 2018 forms and instructions and attempt to re-create your 2018 tax return by hand. This will give you a feel for how the forms work. Then in 2019, use a retail package like H&R Block or Turbotax (not the online versions) and do your own for 2019. I agree with t...
by Stinky
Mon Jun 17, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance cheaper when buying as couple?
Replies: 2
Views: 341

Re: Life insurance cheaper when buying as couple?

Does anyone know if it's cheaper to buy term life insurance for both members of a married couple at the same time through some sort of package? I haven't seen anything like that advertised but was wondering if it's out there. In some ways it would be easier to buy separately, but I'd like to consid...
by Stinky
Mon Jun 17, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 20
Views: 1296

Re: Looking for help with my parents' finances - dad's death, RMDs, social security

Hi all, Mom - just started back to work part time, roughly $1000 a month, job ends in feb. Was receiving medical insurance through dads company retirement, now will need to find new medical insurance. Is your mother eligible for COBRA from your dad's insurance? That might provide her with medical c...
by Stinky
Sat Jun 15, 2019 7:40 pm
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 37
Views: 3092

Re: Should I invest 100k into a total index or do it slowly

mortfree wrote:
Sat Jun 15, 2019 7:27 pm
FarmD wrote:
Sat Jun 15, 2019 5:54 pm
I will be investing 5 k per month into a vanguard total index. I wondering if should invest 100k upfront to get the compounding interest going ?

Any suggestion
If you are going to invest 60k per year (5k / month) I would just dump the 100k in now.
I agree.
by Stinky
Sat Jun 15, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 46
Views: 3053

Re: IPhone 6 - showing some age

You could also buy a "battery case" for the iPhone. I was making very heavy use of my new-ish iPhone 7, and found that the battery was drained before the day was over. I took it back to Apple Store, who said battery was fine and I was using it too much. They suggested buying the battery case - Apple...
by Stinky
Sat Jun 15, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 67
Views: 6871

Re: How safe are pensions in the U.S.?

Exactly. The thing is, the optimum strategy for an employee under pensions and 401(k) plans are different. Under a pension with a traditional formula (some function of years of service and salary), the employee typically accrues the most benefits during the later working years closer to retirement....
by Stinky
Sat Jun 15, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: 5 Million Into Fixed Income
Replies: 37
Views: 5071

Re: 5 Million Into Fixed Income

If absolutely security of the bond allocation was not the highest priority, why not one of the superb bond index funds from Vanguard or other firms? Total Bond, Short / Intermediate / Long-term Bond, etc., etc. There are a lot of good funds to choose from that should deliver a higher yield than Tre...
by Stinky
Sat Jun 15, 2019 7:36 am
Forum: Investing - Theory, News & General
Topic: 5 Million Into Fixed Income
Replies: 37
Views: 5071

Re: 5 Million Into Fixed Income

If absolutely security of the bond allocation was not the highest priority, why not one of the superb bond index funds from Vanguard or other firms? Total Bond, Short / Intermediate / Long-term Bond, etc., etc. There are a lot of good funds to choose from that should deliver a higher yield than Trea...
by Stinky
Sat Jun 15, 2019 4:39 am
Forum: Personal Investments
Topic: Just starting out: Help with AA
Replies: 13
Views: 764

Re: Just starting out: Help with AA

Congratulations on your first post on this Board. At age 25, you were showing a lot of very mature thinking about how you plan to save and invest. One thing that you did not mention is any plans about your housing situation. You may want to remain a renter for a number of years in the future. Howev...
by Stinky
Fri Jun 14, 2019 10:18 am
Forum: Personal Investments
Topic: Pacific Life Index Universal Life Insurance
Replies: 16
Views: 1507

Re: Pacific Life Index Universal Life Insurance

Thanks everyone for the good advice. The Index Universal Life (IUL) is a tough cookie to figure out. Some confuse it with Life Insurance and it is but it is another breed. I'm still researching. White Coat is not for the IUL but some of the comments on his blog are in favor of this vehicle. Thanks ...
by Stinky
Fri Jun 14, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: what type of term life insurance
Replies: 12
Views: 923

Re: what type of term life insurance

My daughter (35) and son-in-law (40) have good jobs (combined income $330K), but are relying on their "employee life insurance plan" for their life insurance. My daughter says her death benefit is $250,000, and I believe my son-in-law is about the same --- or less. They think they have their life i...
by Stinky
Fri Jun 14, 2019 8:53 am
Forum: Personal Investments
Topic: Just starting out: Help with AA
Replies: 13
Views: 764

Re: Just starting out: Help with AA

Congratulations on your first post on this Board. At age 25, you were showing a lot of very mature thinking about how you plan to save and invest. One thing that you did not mention is any plans about your housing situation. You may want to remain a renter for a number of years in the future. Howeve...
by Stinky
Thu Jun 13, 2019 9:43 pm
Forum: Personal Consumer Issues
Topic: Buy Mini-Van Tomorrow or No?
Replies: 59
Views: 3196

Re: Buy Mini-Van Tomorrow or No?

Frugalbear wrote:
Thu Jun 13, 2019 9:05 pm
I vote, no. Save more and buy a brand with a better reputation:
Honda
Toyota
I agree with both buying a minivan and staying away from Chrysler.

Buy a Honda or a Toyota. You won’t regret it. Save for another year or two if you need to.

OP, let us know what you decide.
by Stinky
Thu Jun 13, 2019 9:31 pm
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 67
Views: 6871

Re: How safe are pensions in the U.S.?

Illinois, which is trapped between the rock of a very underfunded pension and the hard place of state constitutional protection, is doing new kinds of buyout offers. I'm eligible for a partial one--trade my 3% compounded annual COLA for a lump sum (it was about 25% of my current total lump sum valu...
by Stinky
Thu Jun 13, 2019 11:23 am
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 80
Views: 7941

Re: High net worth individual seeks portfolio advice

This may be a great time to learn about maximizing the tax benefits of a Donor Advised Fund while you are in the top bracket. In short, you contribute appreciated securities (like the shares of your business) and enjoy a deduction in the year of the donation for the full market value. There are mor...
by Stinky
Thu Jun 13, 2019 10:19 am
Forum: Personal Investments
Topic: Triple Levered Retirement Accounts?
Replies: 9
Views: 1140

Re: Triple Levered Retirement Accounts?

Owning the same funds in the taxable account as what is offered in your and your spouse's 401k account is not "triple levered". Triple levered refers to certain stock ETFs that aims to obtain triple the daily stock return of a common stock index, but with the risk that its net asset value could dro...
by Stinky
Thu Jun 13, 2019 10:05 am
Forum: Personal Consumer Issues
Topic: Texas resident buying car in Alabama
Replies: 3
Views: 326

Re: Texas resident buying car in Alabama

Seems to me that you have two separate issues if you buy the car now - where/when to register it, and where to store it. A quick google search tells me that a TX resident has 30 days to register the car. I’m not sure how you get around that so long as you are still in TX. I also don’t know if you ca...
by Stinky
Thu Jun 13, 2019 9:54 am
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 67
Views: 6871

Re: How safe are pensions in the U.S.?

Another consideration is that there is no guarantee that a company will keep its pension plan until you are ready to retire. Lots of healthy companies are doing this and switching to a company contribution to the 401k plan which doesn't require an employee contribution (i.e., separate from company ...
by Stinky
Thu Jun 13, 2019 9:00 am
Forum: Personal Investments
Topic: Donor Advised Fund - what to contribute
Replies: 18
Views: 1109

Re: Donor Advised Fund - what to contribute

cherijoh wrote:
Thu Jun 13, 2019 6:34 am

I read the quoted post as the OP having $78K in WMT shares, $73K of which were capital gains.
Thanks for noting this.

I did not word my original response very well. So I have corrected my response, making it clear that DAF should be funded with all WMT and some FXAIX.
by Stinky
Wed Jun 12, 2019 8:22 pm
Forum: Personal Investments
Topic: Donor Advised Fund - what to contribute
Replies: 18
Views: 1109

Re: Donor Advised Fund - what to contribute

Thanks to everyone for your thinking so far. OK, more detail about the funds, amounts and cost basis... Two Goals: A. Minimize taxes. B. Long term to have most assets in this account sitting in low ER broad-based passive funds like VTSAX. I plan to move $160K into a DAF this year. I am in a high ta...
by Stinky
Wed Jun 12, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 61
Views: 2442

Re: How much is your guys’ fees for your 401k?

Zero. I was on the company’s Retirement Committee, and company decided to pay full cost to incent participation.
by Stinky
Wed Jun 12, 2019 3:02 pm
Forum: Personal Investments
Topic: My Retirement "Catch Up" plan. Please help/critique.
Replies: 23
Views: 3150

Re: My Retirement "Catch Up" plan. Please help/critique.

OP, There are a ton of good ideas posted by others. I'd encourage you to take their collective advice, especially when it comes to investing in individual stocks. When I was 37, I had far less money in savings than you do, and was not saving anything because I was carrying two houses on one salary. ...
by Stinky
Wed Jun 12, 2019 9:12 am
Forum: US Chapters
Topic: Any interest in a Shelby/Jefferson County AL chapter?
Replies: 49
Views: 4389

Re: Any interest in a Shelby/Jefferson County AL chapter?

Bumping for visibility.

Meeting Sunday, July 7, 4pm, Riverchase Galleria food court. Please post to the board or PM me if you need more information.

Stinky
by Stinky
Wed Jun 12, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Treasury Finishes Rules Ending State Tax-Cap Workarounds
Replies: 6
Views: 1129

Re: Treasury Finishes Rules Ending State Tax-Cap Workarounds

Not only "blue states" were affected by this change. The article mentions that Georgia, Arizona, and Alabama had pre-existing programs that are impacted by the IRS rule. If there's one good thing in the article, it's that it becomes effective for contributions after 8/27/2018. Presumably, prior guid...
by Stinky
Wed Jun 12, 2019 8:06 am
Forum: Personal Investments
Topic: Any Reason Not to Convert Defined Benefit Pension to IRA/401k?
Replies: 2
Views: 517

Re: Any Reason Not to Convert Defined Benefit Pension to IRA/401k?

My father has adopted a more Boglehead approach to some things, and one thing he was exploring was converting his defined benefit pension that he created for his consulting business. He's in his mid seventies and currently taking RMDs, its just him and his spouse on it. He also has a separate 401k ...
by Stinky
Tue Jun 11, 2019 6:36 pm
Forum: Personal Investments
Topic: Donor Advised Fund - what to contribute
Replies: 18
Views: 1109

Re: Donor Advised Fund - what to contribute

I would do what is best for each scenario. For DAF, I'd contribute what has the highest LTCG. For cost minimization, I'd sell the high cost investments, pay LTCG tax rate, and then reinvest into lower cost options. Low to moderate LTCG at preferential tax rates doesn't sound that bad to me. What se...
by Stinky
Tue Jun 11, 2019 3:24 pm
Forum: Personal Investments
Topic: Total Bond Fund vs 2.65% Stable Value
Replies: 6
Views: 803

Re: Total Bond Fund vs 2.65% Stable Value

Thanks for the posts. The Stable value rate changes quarterly. It's usually somewhere between no change an 5 basis points. Yeah, I realize this would be a little timing of the interest rates and we are talking in the low thousands of dollars at the most. Whichever way you choose to go, I think this...
by Stinky
Tue Jun 11, 2019 1:20 pm
Forum: Personal Investments
Topic: Pacific Life Index Universal Life Insurance
Replies: 16
Views: 1507

Re: Pacific Life Index Universal Life Insurance

If the insurance companies thought that the U/L policy illustrations were actually likely, they would sell them as guaranteed policies. Three reasons life insurance companies can't / won't guarantee the interest rates that they use in policy illustrations: 1 - No rational insurer would make guarant...
by Stinky
Tue Jun 11, 2019 6:24 am
Forum: Personal Investments
Topic: Pacific Life Index Universal Life Insurance
Replies: 16
Views: 1507

Re: Pacific Life Index Universal Life Insurance

If the insurance companies thought that the U/L policy illustrations were actually likely, they would sell them as guaranteed policies. Three reasons life insurance companies can't / won't guarantee the interest rates that they use in policy illustrations: 1 - No rational insurer would make guarant...
by Stinky
Tue Jun 11, 2019 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Registering for SS and Medicare office this Wednesday. What else do I need to take?
Replies: 3
Views: 628

Re: Registering for SS and Medicare office this Wednesday. What else do I need to take?

Consider registering on line. I signed up for Medicare on line last year, and then immediately signed up for Medicare Advantage on the provider's website. Will be signing up for SS soon, and plan to also do that on line. It was an easy process, as I recall it. It's been a few months, so I'm not fres...
by Stinky
Mon Jun 10, 2019 6:52 pm
Forum: US Chapters
Topic: Any interest in a Shelby/Jefferson County AL chapter?
Replies: 49
Views: 4389

Re: Any interest in a Shelby/Jefferson County AL chapter?

We had a good meeting yesterday afternoon. Four of us attended. We just need one more person to officially become the Birmingham, AL chapter! We'll meet again, likely on a Sunday afternoon in June. We welcome other Bogleheads in the Birmingham area to join us! Please either post to this thread or p...
by Stinky
Mon Jun 10, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Transferred money from one bank to another, but neither bank has the money
Replies: 10
Views: 1460

Re: Transferred money from one bank to another, but neither bank has the money

I set up 3 transfers from one bank account to an account I have at another bank. The first one I set up to run on the same day, the other two were scheduled on subsequent days. The first one went through fine. For the other two, the sending bank sees them as sent. The receiving bank hasn't received...
by Stinky
Mon Jun 10, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Visa credit limit
Replies: 48
Views: 3018

Re: Costco Visa credit limit

I have both a Citi double cash card and a Costco Visa. The latter is my main card, for its rewards. I've had them for a few years now. But Citi is kneecapping me with their credit limits. I think I started out at $2k on the DC card! I've consistently applied (both the 'fast approval' and the credit...
by Stinky
Mon Jun 10, 2019 2:18 pm
Forum: Personal Investments
Topic: 401(k) Stock Fund vs. Company stock price
Replies: 7
Views: 500

Re: 401(k) Stock Fund vs. Company stock price

[BTW, even though the amount in this Stock Fund is ~2% of my portfolio I am not inclined to accept the conversion and instead roll over the funds, since I will not know how much the new Fund will cost per unit .] You may very well want to roll over the funds. But I wouldn't use "I don't know how mu...
by Stinky
Mon Jun 10, 2019 9:08 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 935
Views: 93157

Re: U.S. stocks continue to soar!

Another big day today!

S&P approaching 2900 (again).
by Stinky
Sun Jun 09, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Life Strategy Vs. Investment Strategy
Replies: 14
Views: 1350

Re: Life Strategy Vs. Investment Strategy

I also give blood a couple times a year (I'm prohibited from giving more, but would like to, because frequent donation leads to lower iron than desirable for donation). +1 on donating blood. I donate 5-6 times per year, and have done so for more than 30 years. (With doctor blessing, I take iron sup...
by Stinky
Sun Jun 09, 2019 8:11 pm
Forum: Personal Investments
Topic: ANOTHER Backdoor Roth Question
Replies: 5
Views: 381

Re: ANOTHER Backdoor Roth Question

You might want to see if her $8 per month fee is totally based on account size, or if there’s some “fixed” component to it. If it’s totally based on account size, then the annualized fee is 0.48% (($8 x 12) / 20,000). Multiplying that 0.48% times the $50k rolled in is an additional admin fee of $240...
by Stinky
Sun Jun 09, 2019 6:43 pm
Forum: Personal Investments
Topic: Pacific Life Index Universal Life Insurance
Replies: 16
Views: 1507

Re: Pacific Life Index Universal Life Insurance

If something sounds too good to be true, it generally IS too good to be true. This is no exception.

Please, please don’t buy indexed universal life.
by Stinky
Sun Jun 09, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Life Strategy Vs. Investment Strategy
Replies: 14
Views: 1350

Re: Life Strategy Vs. Investment Strategy

What’s next? Try to enjoy life now while you’re slugging it out. . I started spending more in my late 40s on things that bring me immediate happiness while still keeping an eye on financial long term. I agree with this. OP, it sounds like your money situation is in good shape, but you’re not happy ...
by Stinky
Sun Jun 09, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Notify insurance or not?
Replies: 22
Views: 2102

Re: Notify insurance or not?

No damage and not my fault? No, I wouldn’t bother. Yes, don't bother - then when one of the other parties has gone to the hospital a day or two later after experiencing neck pains and called a lawyer from there, the lawyer will do an exploration of insurance limits and involve you as a party to a l...
by Stinky
Sun Jun 09, 2019 11:42 am
Forum: Personal Investments
Topic: It seems simple but ...
Replies: 10
Views: 1896

Re: It seems simple but ...

The question is this … the extra money is in on-line savings (2.45%). Does it make sense to leave it there after taxes to be spent getting to 70 and my SS? I could do more tIRA and 401K which reduces my taxes … but considering I am at 10% now I don't see how I could pay less taxes over the next 4-8...
by Stinky
Sat Jun 08, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy more life insurance?
Replies: 25
Views: 1315

Re: Should I buy more life insurance?

With $3M savings + $1.75M in life insurance = $4.75M, your family would not be in bad shape financially if you die. But it would still be lower than if you continued earning $550K for another decade. An extra $2 million for the next 10 years sounds reasonable to me. +1 I would consider going to $2 ...
by Stinky
Fri Jun 07, 2019 10:18 am
Forum: Investing - Theory, News & General
Topic: Episode 010: Bogleheads on Investing - guests Debbie Fuhr and Robin Powell
Replies: 9
Views: 913

Re: Episode 010: Bogleheads on Investing - guests Debbie Fuhr and Robin Powell

This is definitely a “Rick Ferri” week.

Just heard you also on the newest “White Coat Investor” podcast that came into my feed yesterday. Excellent discussion with Dr. Jim!
by Stinky
Fri Jun 07, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Transfer: How Long to Remove Track Your Transfer Link
Replies: 5
Views: 539

Re: Vanguard Transfer: How Long to Remove Track Your Transfer Link

I transferred my Fidelity Solo 401(k) to Vanguard last month. My transfer has been settled for a while now. Does anyone know how long before the "track your transfer" link goes away? My account had that link for over a year - I finally got tired of it and contacted Vanguard. They apologized for the...
by Stinky
Fri Jun 07, 2019 10:04 am
Forum: Personal Investments
Topic: $1.5M - My investment plan, Your advice/suggestions
Replies: 17
Views: 3969

Re: $1.5M - My investment plan, Your advice/suggestions

Blister wrote:
Fri Jun 07, 2019 9:58 am
I would not worry about the $500K limit. That seems to be the least of the possible risk of investing. Keep it simple and stay in one firm. Your spouse will thank you later.
+1

My position exactly. One firm is enough. Keep it simple.
by Stinky
Thu Jun 06, 2019 8:19 pm
Forum: Investing - Theory, News & General
Topic: Annuity payout rates and economic/investment climate
Replies: 13
Views: 816

Re: Annuity payout rates and economic/investment climate

Bingo, detractors of variable annuities often overlook this key advantage. Low interest rates could also (continue to) juice the equity markets, which would increase the benefit base of a variable annuity. Yes, agreed that VA benefit base rollups can be more attractive in times of low interest rate...