Search found 115 matches

by geospatial
Mon Mar 23, 2020 5:09 pm
Forum: Personal Investments
Topic: One simple thing this 50 yo learned...
Replies: 61
Views: 9221

Re: One simple thing this 50 yo learned...

In my mid-40's now, I'm still happy to be learning things. Here are a few... -- Having a 2-year emergency fund in cash/CDs is such an immense relief in times like these. Watching the bull market made me question if I was missing out on some gains needlessly, but I'm glad I didn't kneejerk react. -- ...
by geospatial
Thu Feb 20, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: 457 Tax Deduction
Replies: 7
Views: 565

Re: 457 Tax Deduction

To confirm the previous point, my non-Roth 457 contributions were excluded from the income listed on my W2, so as long as she input that on her tax forms, she should be ok. On a sidenote, $200/month for 10 years is $24,000. There's been a lot of growth the last 10 years... why is her balance so low?...
by geospatial
Tue Feb 11, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Federal tax treatment of PFML tax in Massachusetts
Replies: 2
Views: 272

Re: Federal tax treatment of PFML tax in Massachusetts

Thank you for that! I was going through the dialogue driven format of H&R Block Deluxe software and there was nothing at all along the way indicating that a tax paid for medical/family leave should be included as part of an "income" tax. Doesn't make much sense conceptually, and New Jersey & Califor...
by geospatial
Sun Feb 09, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Federal tax treatment of PFML tax in Massachusetts
Replies: 2
Views: 272

Federal tax treatment of PFML tax in Massachusetts

Very specific question here, and only impacts workers in Massachusetts. In 2018, Paid Family and Medical Leave (PFML) was passed in Massachusetts. https://www.mass.gov/info-details/paid-family-and-medical-leave-pfml-fact-sheet Starting in October 2019, wage withholdings appeared in the majority of n...
by geospatial
Thu Feb 06, 2020 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Simple Bank - Bonus for New Funds in Individual and Protected Goals Account
Replies: 66
Views: 3932

Re: Simple Bank - Bonus for New Funds in Individual and Protected Goals Account

Got my Simple bonus today. :beer Can't really complain too much about what was essentially a 3-month CD at around 12% (bonus + regular interest on $20K). I have to move the bulk of the money out for an add-on CD I have elsewhere, but I'll keep the account open in case they have any future promotions...
by geospatial
Thu Feb 06, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone purchased pension service credits?
Replies: 18
Views: 1388

Re: Anyone purchased pension service credits?

I was able to purchase up to 4 years of previous service as a contractor prior to conversion to FTE. Eligibility to do so was reached after vesting in the pension plan (10 years in service). I wanted to do it ASAP because they charge 1/2 of the pension plan's actuarial interest for each year. So it ...
by geospatial
Wed Jan 29, 2020 9:03 pm
Forum: Personal Investments
Topic: Changes to 2020 W-4 Form
Replies: 4
Views: 575

Re: Changes to 2020 W-4 Form

I filled out the new W-4 form today to modify my withholdings in 2020, but it only affected my federal taxes. I don't know if all states do it this way, but in Massachusetts there is an M-4 form that needs to be filled out to modify state tax withholdings. Might be worth checking with your employer ...
by geospatial
Sun Jan 19, 2020 10:38 pm
Forum: Investing - Theory, News & General
Topic: The Investor’s Fallacy - Why Markets are Never “Due” for Anything
Replies: 63
Views: 4723

Re: The Investor’s Fallacy - Why Markets are Never “Due” for Anything

I care less about the coin flip analogy and more about the graph showing 20-year annualized prior returns vs. 10-year future growth of the S&P 500. It pretty much supports buy-and-hold unless one had the good fortune to experience an exceedingly high 20-year return. The next 10 years could be highly...
by geospatial
Fri Jan 17, 2020 3:35 pm
Forum: Personal Investments
Topic: Pension Plus 457 Plan
Replies: 27
Views: 2199

Re: Pension Plus 457 Plan

Double-check the fine print or contact the state agency that administers the 457 plan to confirm the management fee situation. It might be listed somewhere but is lumped in with the expense ratio such that you'd never see an active deduction in any of your statements. I also support the idea of cont...
by geospatial
Tue Jan 14, 2020 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 433
Views: 93480

Re: What age did you reach 100K networth?

I strongly believe that I am the poorest here. Anyone can dispute that statement, please come forward. I reached the $100,000 at the age of 38. I am now 40 years with a net worth of $210,000. Our combined income is just $136,000. Like you, I reached a net worth of $100,000 at age 38. I think it was...
by geospatial
Fri Jan 10, 2020 7:43 pm
Forum: Investing - Theory, News & General
Topic: Article - The Hidden Dangers of the Great Index Takeover
Replies: 45
Views: 4566

Re: Article - The Hidden Dangers of the Great Index Takeover

While it's not feasible for individuals to track hundreds or thousands of corporate governance issues, I wouldn't mind seeing the major passive fund administrators establish a portal or mechanism that would regularly allow shareholders to instruct them how to vote on issues (pro-rata). This presumes...
by geospatial
Mon Jan 06, 2020 10:40 am
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5390

Re: high-yield savings: stay or switch?

For those with the promo Northern Bank Direct 2.50% MM account for the past year+, finally got an update... An Update to Your Northern Bank Direct Money Market Account Dear Valued Customer, At Northern Bank, we are committed to providing our customers with the highest level of service and the most i...
by geospatial
Fri Nov 29, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 317
Views: 27876

Re: H&R BLOCK Pre-Order 2019 Software Offer

This is my first year with a taxable investment account. I did my first tax loss harvest and I think I’ll need to deal with both dividends and foreign tax credit from holding VTWAX. Is the Deluxe Federal and State version able to process those?
by geospatial
Tue Oct 29, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Uber VISA rewards cut
Replies: 77
Views: 10665

Re: Uber VISA rewards cut

I've primarily been using this card for dining and sporadic travel costs. This feels like a delayed bait and switch, and I'm starting to think the credit card industry as a whole may be trying out the idea of teaser benefits for a year or two before cutting back. A lot of the benefits of the Citi Do...
by geospatial
Mon Oct 07, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Banking in Massachusetts?
Replies: 9
Views: 636

Re: Banking in Massachusetts?

The most ubiquitous ATMs in this area are from Bank of America, if that's your primary concern. And you can get a simple checking account without fees if you maintain a minimum average balance of $1500. Their savings acct rates are terrible like all other big B&M banks. I second the idea of looking ...
by geospatial
Mon Aug 19, 2019 8:58 am
Forum: Personal Investments
Topic: Best money market rate for first 12 months?
Replies: 12
Views: 1741

Re: Best money market rate for first 12 months?

Northern Bank Direct money market guaranteed 2.5% till end of the year for amounts under $250K. Thanks. Never heard of Northern Bank. Any idea what the rate goes to after the end of the year? I don't see anything mentioned in the fine print. https://www.northernbankdirect.com/money-market It appear...
by geospatial
Sat Aug 17, 2019 8:02 am
Forum: Personal Investments
Topic: Best money market rate for first 12 months?
Replies: 12
Views: 1741

Re: Best money market rate for first 12 months?

Northern Bank Direct money market guaranteed 2.5% till end of the year for amounts under $250K.
by geospatial
Fri Aug 09, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Silly question - what’s your largest non-essential item as a % of your net worth? Or, what is its dollar value?
Replies: 25
Views: 1915

Re: Silly question - what’s your largest non-essential item as a % of your net worth? Or, what is its dollar value?

Magic card collection. About 3% of net worth. Feels weird saying that, but it's value has appreciated more than the S&P500 on an annual basis and I've had it for 25+ years.
by geospatial
Fri Jul 19, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 1.7%]
Replies: 130
Views: 18382

Re: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)

Are there any concerns that the end of the 90 day "maintenance period" may overlap with and interfere with a repeat of last year's Ally bonus offer if hypothetically offered again roughly during the same time period as last year? Granted the Marcus bonus is a definite and an Ally repeat is speculati...
by geospatial
Tue Jun 18, 2019 4:50 pm
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 18939

Re: What percentage of total portfolio in REIT's do you have? Why?

50% In 2014 for a few months. :confused I was very stupid but very lucky... 2014 was the year to do it. I was probably an ignorant momentum investor without realizing it. I whittled it down to 10% before the end of the year and thankfully found this site soon after. I keep it at 10% now because I d...
by geospatial
Tue Jun 18, 2019 4:29 pm
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 18939

Re: What percentage of total portfolio in REIT's do you have? Why?

50% In 2014 for a few months. :confused I was very stupid but very lucky... 2014 was the year to do it. I was probably an ignorant momentum investor without realizing it. I whittled it down to 10% before the end of the year and thankfully found this site soon after. I keep it at 10% now because I do...
by geospatial
Thu Jun 06, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Value of Zillow house price estimate
Replies: 44
Views: 6445

Re: Value of Zillow house price estimate

In my net worth spreadsheet, I use the Zestimate minus 10%. I take the value with a huge grain of salt, but it's been pretty close for the last two houses I've sold. When I do bi-annual updates of my net worth calculations, I end up taking the average of the Zillow and Redfin estimates, and subtrac...
by geospatial
Wed Jun 05, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Failed land investments and what to do with it?
Replies: 139
Views: 10212

Re: Low ball offer to buy my useless land, take it or leave it?

Why did you buy them in the first place? Second, talk to a land conservation organization, gauge their interest in the land (even if it's just as a charitable donation on your part), and if they have any, see if you can get them to send you a letter stating their interest in the land. Then show a co...
by geospatial
Wed Jun 05, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Purepoint Financial
Replies: 8
Views: 791

Re: Purepoint Financial

All America Bank / Redneck Bank has 2.5% Mega Money Market account for up to $50k Unless you're putting in more than the limit, I see no need for a CD Money market account interest rates can drop. The Purepoint 13-month no-penalty CD has a rate that is locked in as long as it's intact, up to 13 mon...
by geospatial
Wed Jun 05, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Purepoint Financial
Replies: 8
Views: 791

Purepoint Financial

I'm considering the 2.5% 13-month no-penalty CD offered by Purepoint Financial as a place to put part of my emergency fund. This would probably also entail opening up a savings account there too to have an easy place to put the proceeds of these CDs as they mature. Are there any bogleheads out there...
by geospatial
Thu May 30, 2019 12:40 pm
Forum: Personal Investments
Topic: The Best High Yield Savings Account
Replies: 46
Views: 5587

Re: The Best High Yield Savings Account

https://www.depositaccounts.com/blog/bank-accounts-survey/ Ally is often mentioned. Even though they're not the highest rate, they have an easy to use and understand web interface and their ACH transfer limits are high. If I wasn't grandfathered into a 2.5% rate somewhere else, I'd probably also con...
by geospatial
Thu May 30, 2019 9:42 am
Forum: Personal Investments
Topic: Is VMFXX better than VMMXX now?
Replies: 28
Views: 3915

Is VMFXX better than VMMXX now?

Vanguard Prime Money Market Fund (VMMXX) somewhat recently had a 7-day SEC yield as high as 2.48%. But it has been steadily dropping and currently has a 7-day SEC yield of 2.40%. About 34.9% is comprised of U.S. government obligations and treasury bills as of 4/30/19. Vanguard Federal Money Market F...
by geospatial
Fri May 03, 2019 6:39 am
Forum: Personal Investments
Topic: High-yield dividend fund in taxable vs IRA
Replies: 6
Views: 1026

Re: High-yield dividend fund in taxable vs IRA

Thank you, that is helpful and makes sense. I’d like to expand the scenario a little further if I may. If it is expected that a pension and RMDs from a traditional 457 will meet most of one’s expenses in retirement, does the high dividend fund make sense as an alternative to fill in the gap at 15% t...
by geospatial
Wed May 01, 2019 7:41 am
Forum: Personal Investments
Topic: High-yield dividend fund in taxable vs IRA
Replies: 6
Views: 1026

Re: High-yield dividend fund in taxable vs IRA

"Access to cash" is implied in my statement about supplementing both current and future income. And a tax-deferred account would also preclude any ability to tax-loss harvest. That's not something I'm currently able to do in my taxable account only holding VMMXX and I'd like to have that flexibility...
by geospatial
Wed May 01, 2019 6:04 am
Forum: Personal Investments
Topic: High-yield dividend fund in taxable vs IRA
Replies: 6
Views: 1026

High-yield dividend fund in taxable vs IRA

I want to make sure my reasoning on this idea makes sense. I currently have some funds sitting in VMMXX (money market) with an SEC yield of 2.44% in a taxable account. The interest earned on that amount will be taxed as ordinary income. I'm able and willing to take a portion of those funds to start ...
by geospatial
Tue Apr 23, 2019 11:18 am
Forum: Personal Investments
Topic: VHYAX Dividend schedule
Replies: 2
Views: 653

Re: VHYAX Dividend schedule

Thanks. This was somewhat of an academic question for me. I'm not sold on the idea of allocating some $ to a high-dividend yet, but wanted to make sure I understood the mechanics. Trying to weigh expected dividend schedules with various TLH timetable scenarios if an opportunity presents itself later...
by geospatial
Tue Apr 23, 2019 9:25 am
Forum: Personal Investments
Topic: VHYAX Dividend schedule
Replies: 2
Views: 653

VHYAX Dividend schedule

VHYAX is a fairly new fund: https://investor.vanguard.com/mutual-funds/profile/distributions/vhyax It has only had one quarterly dividend distribution so far with a record date of 3/21/19, a reinvest date of 3/22/19, and a payable date of 3/25/19. The next distribution will be sometime in later June...
by geospatial
Sat Apr 20, 2019 1:23 pm
Forum: Personal Investments
Topic: How does an international mutual fund pay foreign income tax
Replies: 6
Views: 684

Re: How does an international mutual fund pay foreign income tax

You "receive" the dividend less the foreign tax taken out. Your 1099-DIV (if you get one) for such a situation will show the full dividend without the foreign tax paid taken out as your income from that fund. You will have to figure out how to get a tax credit for the foreign taxes you paid. The fo...
by geospatial
Mon Apr 01, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: New Here - Invest or Pay Off Debt or Keep Money in EF
Replies: 14
Views: 780

Re: New Here - Invest or Pay Off Debt or Keep Money in EF

How much monthly disposable income (if any) do you have after expenses and max 401k contribution? Also, are you contributing to a Roth IRA? I'm not contributing to a Roth IRA at the moment, and was thinking that was something I should get started on. On average, I save about on average about $500-7...
by geospatial
Fri Mar 01, 2019 12:44 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting at Vanguard
Replies: 8
Views: 1067

Re: Tax Loss Harvesting at Vanguard

I thought you can't tax loss harvest from VTSAX to VTI because they are substantially identical since they have the same holdings and use the same index benchmark?
by geospatial
Thu Feb 28, 2019 4:38 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting at Vanguard
Replies: 8
Views: 1067

Tax Loss Harvesting at Vanguard

My taxable account at Vanguard is pretty new, and while I don't have a tax loss harvesting opportunity yet, I want to make sure I understand a few things. 1. Will the "Exchange Funds" option work when doing tax loss harvest? That's not a fund conversion from Vanguard MF to ETF... it represents a sal...
by geospatial
Wed Feb 13, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I file jointly with my girlfriend
Replies: 32
Views: 4313

Re: Can I file jointly with my girlfriend

If I married my girlfriend, my ability to contribute to a Roth IRA would be in jeopardy as our combined income is very close to the phase out limit. Additionally, I took the standard deduction this year but she itemized... she would lose the ability to itemize if we married. But when I tell her it w...
by geospatial
Mon Feb 11, 2019 1:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 232
Views: 53466

Re: Vanguard Prime Money Market yield over 2.5%

EDIT: editing to add my guess In first scenario, the $34,000 + $500 of ordinary/interest income is taxed at 12%. $4,875 of LTCG is taxed at 0% and $125 of it is taxed at 15%. (so $125 of the bank interest is taxed at 12%, but also forces $125 of the LTCG into the 15% tax bracket) In second scenario...
by geospatial
Mon Feb 11, 2019 12:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 232
Views: 53466

Re: Vanguard Prime Money Market yield over 2.5%

My tax bracket is 12%, but my marginal tax rate is 27%, due to each marginal dollar of interest income pushing an additional dollar of QD/LTCG from the 0% to 15% tax rate. Kevin Can you explain this a little bit further? Are you saying that an additional dollar of interest income for you is taxed a...
by geospatial
Mon Feb 11, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 232
Views: 53466

Re: Vanguard Prime Money Market yield over 2.5%

My tax bracket is 12%, but my marginal tax rate is 27%, due to each marginal dollar of interest income pushing an additional dollar of QD/LTCG from the 0% to 15% tax rate. Kevin Can you explain this a little bit further? Are you saying that an additional dollar of interest income for you is taxed a...
by geospatial
Thu Feb 07, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Pension valuation: is $100 really worth $18,000?
Replies: 87
Views: 8506

Re: Pension valuation: is $100 really worth $18,000?

Its a NPV calculation, right? Id have to run some numbers but it could be - from what Ive read most pensions and annuities use surprisingly high IRRs to calculate payouts - on the order of 7% or more. (part of why so many question their long term solvency). My wife is on track to get a public schoo...
by geospatial
Mon Feb 04, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone planning on using TurboTax Basic for 2018 taxes?
Replies: 12
Views: 1314

Re: Is anyone planning on using TurboTax Basic for 2018 taxes?

ssquared87 wrote:
Mon Feb 04, 2019 6:33 pm
I used basic and it does allow for the state return. I paid nothing to file both federal and state taxes using turbo tax basic online
x2
by geospatial
Thu Jan 31, 2019 12:07 pm
Forum: Personal Investments
Topic: VMMXX question
Replies: 4
Views: 547

Re: VMMXX question

VMMXX hasn't paid its distribution yet. You can see the dates on the distribution pages that Vanguard has for all of its funds/etfs/MM. The dividend you were paid was likely from your settlement fund. You should be able to see it in your recent transactions. You're right. VMMXX and VMFXX are so sim...
by geospatial
Thu Jan 31, 2019 10:52 am
Forum: Personal Investments
Topic: VMMXX question
Replies: 4
Views: 547

VMMXX question

On Jan. 29th I made a purchase of VMMXX in a taxable acct at Vanguard from my settlement fund (VMFXX) via the transfer button. It settled on Jan. 30th. In the transaction information I see the principal amount is the amount I had input. On Jan. 30th I see a dividend received, presumably representing...
by geospatial
Sun Jan 20, 2019 10:54 pm
Forum: Personal Investments
Topic: CD for condo association
Replies: 3
Views: 445

Re: CD for condo association

dm200 wrote:
Sun Jan 20, 2019 4:33 pm
Vanguard brokered CDs are available to organizations.
I get the impression that they're looking for direct CDs from a bank. They don't have an account with a brokerage.
by geospatial
Sun Jan 20, 2019 4:25 pm
Forum: Personal Investments
Topic: CD for condo association
Replies: 3
Views: 445

CD for condo association

Fellow bogleheads, One of the trustees in my condo association has asked the owners if anybody knows of a reasonably good CD offer they could invest some of our long-term reserves in. I do regularly visit depositaccounts.com, but most of those CD offers seem to be for individuals. Does anybody know ...
by geospatial
Wed Jan 16, 2019 9:13 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 59471

Re: John Bogle is dead at 89

If the measure of a man is determined by the obstacles he faces in life, and what he achieves in spite of them, Jack Bogle is by all accounts a success. But to do so with his universal benevolence and moral convictions elevates his life into a superlative echelon, where even those who never knew him...
by geospatial
Tue Jan 08, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 144
Views: 14542

Re: What do you think are (some of) the best states to live in?

* Bonus for retirees, social security and MA state pensions are completely state income tax free MA state pensions are like Roth IRAs in that the individual contributions to the state pension are taxed by the state when earned, not when pension payouts are made. So not truly state income tax free.....
by geospatial
Wed Dec 05, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 7719

Re: Anybody Miss the Crypto Rage on BH Forums

Magic the Gathering cards FWIW many old magic the gathering cards are worth far more than they were in the initial mid 90s boom. LIke 20x. I ran my old collection through XIRR in Excel with latest TCG market prices and it indicates roughly a 15% CAGR. Ironically, that's using the "buy and hold" tec...