Search found 141 matches

by dcop
Wed Jan 15, 2020 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Quality of Life Pay Cut vs. Second Job Income
Replies: 10
Views: 1197

Re: Quality of Life Pay Cut vs. Second Job Income

I've had 4 jobs in my 36 years of working post college then retired at 58 with a 1.8M net-worth. The most important factor to me each time I switched employment was to not work past 5pm and 40 hour weeks with over 40 hours only as occasional exceptions. Also never more than a 10 mile commute one way...
by dcop
Thu Jan 02, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1412
Views: 364584

Re: Share your net worth progression

EOY 2006 NW: $478,999.31 EOY 2007 NW: $536,121.62 EOY 2008 NW: $407,109.81 EOY 2009 NW: $562,688.16 EOY 2010 NW: $666,994.26 EOY 2011 NW: $692,506.61 EOY 2012 NW: $816,233.12 EOY 2013 NW: $1,055,741.82 EOY 2014 NW: $1,209,388.16 EOY 2015 NW: $1,284,413.62 EOY 2016 NW: $1,472,810.72 EOY 2017 NW: $1,7...
by dcop
Sun Dec 29, 2019 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Login Question
Replies: 11
Views: 1241

Re: Vanguard Login Question

When anything is different than from the last time you logged on it will do that. If you use the same browser, same computer from the same IP since the last time you logged on it shouldn't do the 2 step verification.
by dcop
Fri Dec 20, 2019 2:57 am
Forum: Personal Finance (Not Investing)
Topic: Can one contribute to 2020 IRA prior to 2019 contribution?
Replies: 10
Views: 864

Re: Can one contribute to 2020 IRA prior to 2019 contribution?

So does Fidelity. Perhaps it is required for them to send the correct 5498 form. I was wondering if when doing that you could select 2020 first, say on Jan 1, and then select 2019 later, say sometime in March. Well if it gives you a choice of both dates I can't see why not. Try it after Jan. 1.
by dcop
Fri Dec 20, 2019 2:30 am
Forum: Personal Finance (Not Investing)
Topic: Can one contribute to 2020 IRA prior to 2019 contribution?
Replies: 10
Views: 864

Re: Can one contribute to 2020 IRA prior to 2019 contribution?

I know Vanguard asks you what tax year you want to apply it to when you do it online.
by dcop
Tue Dec 17, 2019 9:17 pm
Forum: Personal Investments
Topic: VWIAX Wellesley Income -1.82% today
Replies: 6
Views: 1135

Re: VWIAX Wellesley Income -1.82% today

The fund was actually up .03. So you actually made money today which you see in the totals tomorrow.
by dcop
Tue Dec 17, 2019 1:00 am
Forum: Personal Finance (Not Investing)
Topic: H & R Block for tax prep
Replies: 7
Views: 769

Re: H & R Block for tax prep

I agree that knowing how taxes are calculated and the how to manage strategy is essential to being financially savvy.
by dcop
Wed Dec 11, 2019 11:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year-End Distributions
Replies: 71
Views: 8159

Re: Vanguard Q4 2019 Estimated Year-End distributions posted

Yes the document was out a few days ago but the cap gain distribution is only figured up to 10/31/2019. By next week I would think it will be updated to 11/30. Going by what wellington is showing cap gains will be much less than last year, which was brutal for taxable accounts.
by dcop
Fri Nov 29, 2019 10:10 pm
Forum: Personal Investments
Topic: QDRO/Divorce/Market Timing Question
Replies: 25
Views: 1791

Re: QDRO/Divorce/Market Timing Question

You always want a divorce settled and put in your past as quickly as possible. My divorce was very amicable and only took 4 months and one court appearance. We split a 400,000 dollar 401K. Within 3 years she spent her half (and paid penalties I presume). I dont care one bit and we are still on good ...
by dcop
Thu Nov 21, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Just had my credit cards stolen
Replies: 56
Views: 4407

Re: Just had my credit cards stolen

The first purchase was made in less than 40 mins from the time the theft occurred. He got in, got the cards, got as much "loot" as he could with the cards knowing that he has to act fast. Even though the charges are now disputed, he already has high-dollar Apple products that he can readily turn in...
by dcop
Wed Nov 20, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Just had my credit cards stolen
Replies: 56
Views: 4407

Re: Just had my credit cards stolen

CC theft in most cases is benign as far as financial loss to the holder. The most important thing in your case is for the gym to find out through video or whatever who did this and get them out of their gym permanently.
by dcop
Tue Nov 19, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Assumptions
Replies: 4
Views: 878

Re: ACA Assumptions

You might be able to get on the ACA plan in December since you have a qualifying life event (losing COBRA). I'm not sure if there's enough time to get it set up for December but maybe. If not the short term plan won't prevent you from getting the ACA plan for January. Tax free Roth income doesn't c...
by dcop
Sat Nov 16, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Assumptions
Replies: 4
Views: 878

ACA Assumptions

I'm signed up for ACA starting January 1, 2020. I'm 61 years old and retired. My COBRA ends this November 30th. I have a couple assumptions as follows: If I get a United Health Care short term catastrophic plan just for this December it will in no way jeopardize my upcoming 2020 ACA plan. Part of my...
by dcop
Tue Nov 05, 2019 8:20 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2668
Views: 491478

Re: What are you up YTD? [Year To Date]

I am somewhat surprised how many Bogleheads calculate or track performance. Excel is amazing. And if you know VBA it makes it makes it even more amazing. With the click of a button i can know my exact net worth and current YTD performance every every 5 seconds if I chose to. I don't but I do update...
by dcop
Thu Oct 31, 2019 6:45 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2668
Views: 491478

Re: What are you up YTD? [Year To Date]

I am somewhat surprised how many Bogleheads calculate or track performance. Excel is amazing. And if you know VBA it makes it makes it even more amazing. With the click of a button i can know my exact net worth and current YTD performance every every 5 seconds if I chose to. I don't but I do update...
by dcop
Wed Oct 23, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Open Enrollment With COBRA Ending
Replies: 17
Views: 1221

Re: ACA Open Enrollment With COBRA Ending

This is precisely it. Your health today has very little to do with the amount of things that can bankrupt you. Being hit by someone in an auto accident with no insurance or you being at fault and having no or low medical payments can bankrupt you rather easily. You can get a short term disaster pol...
by dcop
Wed Oct 23, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Open Enrollment With COBRA Ending
Replies: 17
Views: 1221

Re: ACA Open Enrollment With COBRA Ending

Your call. But you know that you are 61? When 26 year olds do this, I think it is stupid. But the 26 year old has a much much greater chance of having the gamble pay off. (I do recognize that you will probably get away with it.) I hear ya. All my biometrics are very good. My main concern is somethi...
by dcop
Tue Oct 22, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Are federal health benefits worth postponing early retirement?
Replies: 60
Views: 6280

Re: Are federal health benefits worth postponing early retirement?

I'm not a Fed employee but at 50 you need a 15 year plan for insurance. Without subsidies as a couple you are probably looking at $1600 - $2200 a month on ACA depending on where you live and what plan AND most importantly you have to consider if ACA will survive 15 more years. 2020 premiums are not ...
by dcop
Tue Oct 22, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Open Enrollment With COBRA Ending
Replies: 17
Views: 1221

Re: ACA Open Enrollment With COBRA Ending

If you want ACA coverage for December 2019, you need to do that using 2019 ACA enrollment. I would do it NOW. You can play with healthcare.gov now and see how this is done without having to completely finish the application. Waiting until November 1 and the 2020 enrollment processing will get you c...
by dcop
Tue Oct 22, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Open Enrollment With COBRA Ending
Replies: 17
Views: 1221

Re: ACA Open Enrollment With COBRA Ending

The risk is that if your AGI ends up higher than what you estimated at enrollment, you’ll have to pay back the premium tax credits. Thanks TropikThunder. That is how I understood it to be. When I file in April of 2021 for 2020 the difference will be reconciled. In the slim chance I do go over the M...
by dcop
Tue Oct 22, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Open Enrollment With COBRA Ending
Replies: 17
Views: 1221

Re: ACA Open Enrollment With COBRA Ending

Thanks. I will probably just go without for December. It's a gamble I know. My MAGI for 2019 is going be around 42K but I'm going to use 27K MAGI for my 2020 income on my ACA application which is probably pretty accurate. Im 61 and retired so I have options on how to achieve that, ie taking a larger...
by dcop
Tue Oct 22, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Open Enrollment With COBRA Ending
Replies: 17
Views: 1221

ACA Open Enrollment With COBRA Ending

My 18 months COBRA is up November 30 this year. Will I be able to apply early November for my 2020 ACA plan even tho I technically will still be on COBRA til Nov. 30? Or do I need to wait until December 1?

TIA
by dcop
Fri Sep 20, 2019 12:57 pm
Forum: Personal Investments
Topic: Wash Sale - Multiple Tax Lots Sold
Replies: 5
Views: 411

Re: Wash Sale - Multiple Tax Lots Sold

rkhusky wrote:
Fri Sep 20, 2019 12:54 pm
If you buy 200 shares before 30 days have past since you sold for a loss, then your 100 share loss will be washed and 100 of the new shares will have their basis increased by $1. (The same would be true if you buy 100 shares within 30 days)
Ahh got it. Thanks rkhusky.
by dcop
Fri Sep 20, 2019 12:48 pm
Forum: Personal Investments
Topic: Wash Sale - Multiple Tax Lots Sold
Replies: 5
Views: 411

Wash Sale - Multiple Tax Lots Sold

Sold 100 shares of stock bought in April at a total loss of 100 dollars Sold 100 shares of same stock bought in August at a total gain of 200 dollars All done in one transaction so it will be entered as one sale with VARIOUS as the purchase date Total gain of the sale 100 dollars My question is sinc...
by dcop
Mon Aug 19, 2019 11:06 pm
Forum: Personal Investments
Topic: How much does your employer 401k plan charge?
Replies: 43
Views: 2765

Re: How much does your employer 401k plan charge?

Apparently the plan fee is just stacked on top of each fund's ER. The plan fees are per fund as spelled out in the disclosure, however since the plan fee is 1.1% of every fund, it just works out to 1.1% of your entire portfolio. For instance I put some of my contribution in a Fidelity 500 index at ...
by dcop
Mon Aug 19, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Breach: What to Do if SSN Compromised
Replies: 8
Views: 1095

Re: Capital One Breach: What to Do if SSN Compromised

FWIW, I think you should assume your SSN has been breached before this. Absolutely...but only breached. We give it everyone. Insurance companies, ALL of our financial institutions, the DMV, human resources, every job you apply for and on and on. I agree that freezing your credit reports is the best...
by dcop
Mon Aug 19, 2019 8:58 pm
Forum: Personal Investments
Topic: COBRA and HSA questions
Replies: 4
Views: 461

Re: COBRA and HSA questions

Absolutely. I do it.
by dcop
Mon Aug 19, 2019 8:56 pm
Forum: Personal Investments
Topic: How much does your employer 401k plan charge?
Replies: 43
Views: 2765

Re: How much does your employer 401k plan charge?

I retired in May 2018 but I worked for 5Bil company. Vanguard was the custodian and the employer negotiated to offer Admiral class regardless of minimums. The employer charged each participant ten dollars a quarter to cover the companies admin expenses.
by dcop
Fri Aug 16, 2019 10:07 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2668
Views: 491478

Re: What are you up YTD? [Year To Date]

As of today 8-16-19 YTD - Up $301,711, 18.10%

Total net worth. No real property included but I don't own any anyhow except a car. Also zero debt/liability.
by dcop
Fri Aug 16, 2019 9:59 pm
Forum: Personal Investments
Topic: No Risk Tolerance - What Can I do ?
Replies: 32
Views: 2049

Re: No Risk Tolerance - What Can I do ?

The OP doesn't seem to be getting any 'income support' in the U.S. beyond SS benefits, which would continue if he/they became ex-pats. Healthcare in many other nations can be very inexpensive. I agree that moving to a lower cost of living area may make more sense, but I wouldn't rule out a move to ...
by dcop
Mon Jun 10, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 21213

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

I'm 60 now and retired. I got married at 19 and bought a house 4 months later. Then sold and broke even (during the Carter hyper interest rates) bought another. Refinanced after Reagan fixed things. 15 years later sold for a nice profit and upgraded to a new house. 7 years later divorced and sold ou...
by dcop
Fri May 24, 2019 6:52 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite High-Yield Bond Funds?
Replies: 23
Views: 2730

Re: Your Favorite High-Yield Bond Funds?

I really like and hold Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX). I'm getting 4.26% on my original purchase and currently am at 8.1% total return since buying in June of 2018. I really don't care about the share price tho as I'm in the fund for it's distribution so I have no pl...
by dcop
Tue May 14, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Going Over Estimated MAGI for ACA and Underpayment Penalty
Replies: 4
Views: 583

Re: Going Over Estimated MAGI for ACA and Underpayment Penalty

since it will add to your amount owed in taxes, it will be part of determining whether you have an underpayment penalty Whether you actually have a penalty will be determined by your overall liability vs what you had with held and paid in estimates. If you had at least 100% of this years liability ...
by dcop
Tue May 14, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Going Over Estimated MAGI for ACA and Underpayment Penalty
Replies: 4
Views: 583

Going Over Estimated MAGI for ACA and Underpayment Penalty

Example: I project my MAGI at an amount that gives me $300 a month in subsidies for my ACA premium. Then at the end of the year my MAGI was higher and wiped out the subsidy causing me to be short $3600 in my premiums for the year. (This is only an example not a real scenario for me at this time). Wi...
by dcop
Wed May 08, 2019 8:33 pm
Forum: Personal Investments
Topic: I will inherit 2Mil What to do with it?
Replies: 54
Views: 8655

Re: I will inherit 2Mil What to do with it?

After seeing that you have 3500/month income without the 2M and you say 70,000 a years provides more than you need and seem very apprehensive towards any level of risk go all fixed. Even at only 2% yield you would never outlive your balance and you could easily live better than 70K/year if you so de...
by dcop
Wed May 08, 2019 1:13 am
Forum: Personal Investments
Topic: I will inherit 2Mil What to do with it?
Replies: 54
Views: 8655

Re: I will inherit 2Mil What to do with it?

VWETX Investment Grade Bond Fund will bring you about 4.5 but not qualified Divs as its actually interest. At 70 I would settle with 2.5 return in Money Market or break it up into FDIC CDs. But if you really want 3.5+ now put some of your MM into VWETX and keep the Wellington and Wellesley intact. Y...
by dcop
Tue May 07, 2019 1:20 am
Forum: Personal Investments
Topic: How long for Cost Basis to Transfer to Vanguard
Replies: 6
Views: 702

Re: How long for Cost Basis to Transfer to Vanguard

Mine wasn't a transfer issue but when the IRS forced reporting on cost basis all my older shares were given some kind of a bogus date and price. It was actually in my favor but it was odd. Most likely that was negotiated between the brokerage(s) and the Senate or whoever gave the green light to the ...
by dcop
Mon May 06, 2019 12:57 pm
Forum: Investing - Theory, News & General
Topic: High Yield Corp Fund
Replies: 20
Views: 2489

Re: High Yield Corp Fund

columbia wrote:
Mon May 06, 2019 12:47 pm
What percentage of your portfolio is in VWETX?
At this exact moment, 26% of my tax deferred portfolio.
by dcop
Mon May 06, 2019 12:28 pm
Forum: Investing - Theory, News & General
Topic: High Yield Corp Fund
Replies: 20
Views: 2489

Re: High Yield Corp Fund

I'm much more comfortable with VG junk bond funds than I am with say ATT stock that yields high. But that's not a surprise to BH's I'm sure. The total return on something like VWEAX adds up fast. I'm in VWETX which is a higher quality but slightly lower distribution and do not care about the share p...
by dcop
Sun May 05, 2019 8:08 pm
Forum: Personal Investments
Topic: Futures Down
Replies: 45
Views: 3494

Re: Futures Down

antiqueman wrote:
Sun May 05, 2019 5:36 pm
Futures are down a lot, Wonder why?
There is a reason and you can easily find it on Google News.
by dcop
Sun May 05, 2019 2:03 pm
Forum: Personal Investments
Topic: Retirement IRA Tax Withholding at End of December
Replies: 4
Views: 242

Re: Retirement IRA Tax Withholding at End of December

Yes, we do this when needed, for consulting income (1099) beyond some regular extra withholding from the regular income. I assume you are at least 59.5 yo, so you wouldn't pay any penalty for withdrawing from a TIRA? Just be sure you allow enough time in case the TIRA vendor isn't as prompt as you ...
by dcop
Sun May 05, 2019 2:01 pm
Forum: Personal Investments
Topic: Retirement IRA Tax Withholding at End of December
Replies: 4
Views: 242

Re: Retirement IRA Tax Withholding at End of December

yes. All withholding is considered as having occurred throughout the year. So investment accounts, IRA's etc. So late Dec, or early Jan, a withholding counts as spread across the year But do you need to do that? Or will the $1K balance due cause you to owe a penalty? If not, why not wait and settle...
by dcop
Sun May 05, 2019 1:48 pm
Forum: Personal Investments
Topic: Retirement IRA Tax Withholding at End of December
Replies: 4
Views: 242

Retirement IRA Tax Withholding at End of December

If by the near end of December I know I will owe 1000 dollars in income taxes for all my income from the sources listed below and I just make a withdrawal from my Tax deferred IRA for $1000 and withhold 100% of that withdrawal will that be cool with IRS considering it wasn't quarterly? Income source...
by dcop
Fri May 03, 2019 10:50 am
Forum: Personal Investments
Topic: Bonds offered no protection
Replies: 38
Views: 4174

Re: Bonds offered no protection

If you have W2 income I would at least max it out with your cash first then buy the ETF or MF with your roth. And you said you now have a 401K so put the other 16K in that through contributions and use the cash to replace the income....if needed. Bonds in taxable especially when you have other incom...
by dcop
Thu May 02, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawal calculator
Replies: 7
Views: 1403

Re: Withdrawal calculator

An Excel spreadsheet should do the trick. It would actually be very instructive to construct it yourself, especially for helping you understand how to manage the withdrawals going forward. +1 Excel can basically do anything mathematically and unlimited for all different types of scenarios you want ...
by dcop
Thu May 02, 2019 5:47 pm
Forum: Personal Investments
Topic: Bonds offered no protection
Replies: 38
Views: 4174

Re: Bonds offered no protection

No way you lost anything on total return. Are you just talking about what you lost on your original purchase price per share?
by dcop
Fri Apr 26, 2019 7:53 pm
Forum: Personal Investments
Topic: Stock Dilution
Replies: 2
Views: 406

Re: Stock Dilution

Thanx lack_ey, great explanation.
by dcop
Fri Apr 26, 2019 5:31 pm
Forum: Personal Investments
Topic: Stock Dilution
Replies: 2
Views: 406

Stock Dilution

I currently own a nice chunk of Fiserv (FISV) stock. I'm up aboput 600% of my original investment and it still has been gaining for me continually. Recently they made a bid to acquire First Data for 22B paying for it with new issue stock. Also they have been on an aggressive stock buy back program f...
by dcop
Thu Apr 25, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Received money from Wells Fargo.
Replies: 33
Views: 3702

Re: Received money from Wells Fargo.

I know all the things they have done the last 5 years or so and it is disturbing. But my personal relationship with WF has been great. They bought out Norwest Bank about 1999 or so who I banked with along with the brokerage. I had a balance between checking, savings and stocks of about 55K at that t...
by dcop
Tue Apr 23, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Spread Sheets [for retirement planning]
Replies: 15
Views: 2059

Re: Spread Sheets

What you are asking is basic formulas in Excel. Just start playing with Excel and quickly learn the formulas you want. Google whatever you want to accomplish and you will learn fast. And beyond formulas there is VBA. The sky is the limit with Excel but you really need get started and learn the basic...