Search found 114 matches

by McDougal
Thu Nov 07, 2019 6:55 am
Forum: Personal Consumer Issues
Topic: "Beer Money" Methods
Replies: 52
Views: 6337

Re: "Beer Money" Methods

RickBoglehead wrote:
Thu Nov 07, 2019 5:14 am
Thesaints wrote:
Thu Nov 07, 2019 2:16 am
30 searches x 360 days = 10,800 in a year. They are paying you less than 1¢/search.
This ^^^

To use Bing just to do 30 searches, earning less than 30 cents a day, is crazy.
Not volunteering to do the math, but maybe $ per hour it's not too bad?
by McDougal
Thu Nov 07, 2019 6:46 am
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2357

Re: Question on refilling prescriptions

All my adult life I have had all my prescriptions at one pharmacy at a time. However we are going to a different health plan and I will need to shop each prescription for the best price. I am also going to have my doctor write the Rx for twice the dosage so I can cut pills. One med I take the cost ...
by McDougal
Sat Nov 02, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: Bonds are confusing
Replies: 24
Views: 2438

Re: Bonds are confusing

Thanks all, makes sense. Regarding bonds and AA, I had been 90/10 for more than 15 years, did nothing thru 2008-9. Early 2018 I went to VG personal advisor. He convinced me to gradually go to 60/40 then 50/50. It almost killed me to pull that trigger and lose potential equity gains, but you know wha...
by McDougal
Sat Nov 02, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: Bonds are confusing
Replies: 24
Views: 2438

Re: Bonds are confusing

z3r0c00l wrote:
Sat Nov 02, 2019 8:58 am
"when I peruse financial news outlets" I think that was the mistake right there : )
I know, I should know better!
by McDougal
Sat Nov 02, 2019 8:09 am
Forum: Investing - Theory, News & General
Topic: Bonds are confusing
Replies: 24
Views: 2438

Bonds are confusing

Hi. I am constantly amazed that as I get older I realize how much I still have to learn. Take bonds for example. I have always understood that one needs an asset allocation of equities/fixed income that meets one’s needs and risk tolerance. For me, at age 63 and a couple years away from retirement (...
by McDougal
Sun Oct 27, 2019 9:58 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2464

Re: Considering Roth conversions, but would you if you were in my shoes?

I made first contribution in 2017 and did not file 8606 with return for 17. Made another contribution in 2018, mentioned it to tax preparer and we filed 8606 this year for tax year 2018 which included all contributions. I know I will always have to file this form every year moving forward. No, you ...
by McDougal
Sun Oct 27, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA Contribution Deductible? Am I correct
Replies: 12
Views: 639

Re: Traditional IRA Contribution Deductible? Am I correct

Maybe it's a matter of terminology but I think of the problem as post-tax contributions not pre-tax. It's just money in a non-Roth IRA that you've already paid taxes on. And no, all your IRAs are treated as one on an 8606, no matter how many "separate" ones you open. I have that problem and there is...
by McDougal
Fri Oct 25, 2019 6:45 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2464

Re: Considering Roth conversions, but would you if you were in my shoes?

The title of your post implies you want to do Roth conversions. But the post seems to focus on doing something with the non-deductible contribution so it won't be a nuisance. Can you be more specific about what you are interested in doing? retiredjg, great question. I am definitely NOT trying to ge...
by McDougal
Fri Oct 25, 2019 6:36 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2464

Re: Considering Roth conversions, but would you if you were in my shoes?

Did OP file 8606’s with initial non deductible contributions? Perhaps not since OP mentioned 2018 was the first one. I made first contribution in 2017 and did not file 8606 with return for 17. Made another contribution in 2018, mentioned it to tax preparer and we filed 8606 this year for tax year 2...
by McDougal
Fri Oct 25, 2019 6:32 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2464

Re: Considering Roth conversions, but would you if you were in my shoes?

McDougal, if this is new to you, you may not realize that all your other IRA accounts (except Roth) are included in the calculation of tax (if any) when you do a "back door". Do you have anything else - rollover IRA? SIMPLE IRA? SEP IRA? Thanks for pointing this out. I have no other tax deferred ac...
by McDougal
Thu Oct 24, 2019 1:07 pm
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2464

Re: Considering Roth conversions, but would you if you were in my shoes?

Great feedback everyone. I really appreciate it and think I am starting to understand more and more. Thanks all!
by McDougal
Thu Oct 24, 2019 10:45 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2464

Re: Considering Roth conversions, but would you if you were in my shoes?

Are you eligible to make direct Roth IRA contributions now? If not, rolling the pretax IRA balance into your 401k allows you to (1) convert the tIRA basis to a Roth IRA, and (2) do annual backdoor Roths until retirement. Hi, no I am not eligible to make Roth IRA contributions as I exceed the income...
by McDougal
Thu Oct 24, 2019 7:15 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2464

Re: Considering Roth conversions, but would you if you were in my shoes?

Option 1 above is horrid since you will then be stuck filing Form 8606 every year until the TIRA is emptied. Since you are a candidate for doing Roth conversions until age 70 (when SS might start along with RMDs) and your tax rate could be higher then than now, I would first read the wiki on Backdo...
by McDougal
Thu Oct 24, 2019 7:08 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2464

Re: Considering Roth conversions, but would you if you were in my shoes?

How expensive is your 401k? Given the short time frame, I think it's a pretty good idea to go ahead and relatively painless to do the rollover if it will allow you to use backdoor Roth for the next couple of years. Thanks, I am happy with the 401K so far. I am 60% in Fidelity 500 Index Fund (FXAIX ...
by McDougal
Thu Oct 24, 2019 6:20 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2464

Considering Roth conversions, but would you if you were in my shoes?

I have a quick question regarding non-deductible contributions to a tIRA and Roth conversions. Before I was smarter than I am now I made some small ND deposits to my tIRA at VG. I have read the wiki and numerous posts here on Roth conversion and frankly, I am still confused. The IRA has about 900K, ...
by McDougal
Wed Oct 23, 2019 6:43 am
Forum: Personal Investments
Topic: Non Deductible IRA Contribution Question
Replies: 24
Views: 771

Re: Non Deductible IRA Contribution Question

Just to let op know that there is a $50 penalty for each year the 8606 wasn’t filed. The IRS will let it slide if they think the reason was acceptable. Maybe turbo tax didn’t do it will fly. https://www.irs.gov/businesses/small-businesses-self-employed/penalty-relief-due-to-reasonable-cause I have ...
by McDougal
Sun Oct 13, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: duckduckgo
Replies: 31
Views: 4101

Re: duckduckgo

So I took a look at what google is saving from my searches, and my hair stood on end. The mapping info is particularly unsettling. I might as well be wearing a tracking device. Do you carry a smartphone? If so, you are wearing a tracking device. No, one of the reasons I have a flip phone. I assume ...
by McDougal
Thu Oct 10, 2019 6:34 am
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 9491

Re: Do you carry your passport with you during international travel?

Just got back from Italy last week. Practice is to leave passport in hotel/lodging safe, but in Florence carried it as I knew I was going to purchase some jewelry and leather and retailers need passport to fill out the VAT refund form or whatever it's called. Worked fine, actually got the refunds ye...
by McDougal
Tue Oct 08, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6306

Re: Tactics to pay off Mortgage Early??

Wonder how much you could have saved using 3/1 ARMs the whole way, or starting with a 3/1 ARM and never bother to refinance just stick with the adjustments. This is my ignorance here, but isn't an ARM absolutely the worst possible thing you could ever get? My impression of the adjustable rate mortg...
by McDougal
Tue Oct 08, 2019 6:27 am
Forum: Personal Finance (Not Investing)
Topic: How to find the best credit card promotion?
Replies: 47
Views: 3720

Re: How to find the best credit card promotion?

If the upcoming large purchase is large enough, you may want to see if you are able to split it between 2 new cards and get 2 sign up bonuses. How often can I add a new credit card with a new limit? Twice in the same month? Pretty sure you can apply for as many cards as you want. Even in the same d...
by McDougal
Tue Oct 08, 2019 6:02 am
Forum: Personal Investments
Topic: Employer switching to higher fee 401k admin. What would you do?
Replies: 46
Views: 3396

Re: Employer switching to higher fee 401k admin. What would you do?

The money in your employer 401k will automatically transfer over to the new 401k provider. You are not allowed to stay with the old provider or roll the money into your own IRA. It's only after you leave your current employer that you have the option of moving money from the 401k to your own IRA. C...
by McDougal
Tue Oct 08, 2019 5:55 am
Forum: Personal Consumer Issues
Topic: Social Security Card as Identification for Real ID
Replies: 78
Views: 6168

Re: Social Security Card as Identification for Real ID

Oh boy. I had never heard of Real ID (or maybe I just didn't pay attention). After reading this thread, the interwebs directed me to the link oldcomputerguy provided upthread. Saw that there are symbols on official Real ID documents. I took out my DL from Georgia and lo and behold, it is already com...
by McDougal
Tue Sep 24, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to find the best credit card promotion?
Replies: 47
Views: 3720

Re: How to find the best credit card promotion?

If the upcoming large purchase is large enough, you may want to see if you are able to split it between 2 new cards and get 2 sign up bonuses.
by McDougal
Fri Sep 13, 2019 7:13 am
Forum: Personal Consumer Issues
Topic: Hospital/Doctor Release Form
Replies: 27
Views: 2025

Re: Hospital/Doctor Release Form

I know I am pretty cynical by nature, but I am a bit surprised you actually read the document in the first place. For me it is a waste of time to read it, in situations like a doctor's office, cell phone, car rental, airline tix, etc., because I am going to sign it anyway, because the alternative is...
by McDougal
Fri Sep 13, 2019 6:02 am
Forum: Personal Consumer Issues
Topic: Atlanta area - relocation, questions
Replies: 7
Views: 649

Re: Atlanta area - relocation, questions

I moved into a TH in Vinings 4 years ago and love the area. It closely matches your list of wants (airport, proximity to midtown, etc), but prices have been rising steadily. May be a bit too far north for you depending on specific location of your relative, but you have to drive practically everywhe...
by McDougal
Tue Sep 10, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: Piano keyboard suggestion
Replies: 21
Views: 1776

Re: Piano keyboard suggestion

If you have a local music store I suggest you go in and take some “test drives”. Best way to know how they feel before you buy IMHO. Good luck!
by McDougal
Wed Aug 21, 2019 5:57 am
Forum: Personal Investments
Topic: How much does your employer 401k plan charge?
Replies: 43
Views: 2675

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

Dumb question. I guess I should call Fidelity, and I will, but are any administration or other fees beyond ER located on monthly/periodic statements?
by McDougal
Mon Aug 05, 2019 5:55 am
Forum: Forum Issues and Administration
Topic: What [do the abbreviations used here] mean...???
Replies: 19
Views: 2680

Re: What does it all mean...???

Can you give us some examples of abbreviations you can't figure out? DH, DW, DD, DS mean Dear Husband, Dear Wife, Dear Daughter, Dear Son The financial ones have logic but these ones are ridiculous. The wiki says these are "internet terms" but I must say I've never seen them used anywhere but on th...
by McDougal
Thu Aug 01, 2019 8:39 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Complacency
Replies: 77
Views: 6520

Re: Boglehead Complacency

Don't just do something, stand there!
by McDougal
Wed Jul 24, 2019 9:54 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1012
Views: 137317

Re: Happiness

Congratulations! Fantastic milestone. :beer
by McDougal
Mon Jul 22, 2019 6:54 am
Forum: Personal Investments
Topic: Best approach for couple to take RE: investing/retirement planning?
Replies: 8
Views: 966

Best approach for couple to take RE: investing/retirement planning?

Hi, how should a couple approach an investment plan generally? As a couple (one unit combining all assets) or individually (2 separate units)? In my case, we are MFJ, totally committed to each other (25 years) and are on the same page with asset allocation, future plans, etc. I am 5 years older than...
by McDougal
Sun Jun 30, 2019 7:53 pm
Forum: Personal Consumer Issues
Topic: Costco Free Screenings
Replies: 25
Views: 8440

Re: Costco Free Screenings

Did the Healthy Heart screening yesterday morning at the local Costco. Store was packed, as usual on a Saturday, but the screening line, near the pharmacy, was only one deep. Took maybe 10 mins total. I was fasting, so they did the full test. However, their machine only reads TC down to 100, mine w...
by McDougal
Sun Jun 09, 2019 7:51 am
Forum: Personal Consumer Issues
Topic: Preventing Identity Theft
Replies: 46
Views: 4171

Re: Preventing Identity Theft

Not sure if it's been mentioned, but ensure that your online accounts - especially the financial ones, but I would do all - have unique long hard to guess passwords. Key is unique and long, never use the same password for more than one account.
by McDougal
Fri May 31, 2019 6:26 am
Forum: Personal Investments
Topic: Vanguard moving clients from mutual funds to ETFs?
Replies: 34
Views: 4261

Re: Vanguard moving clients from mutual funds to ETFs?

Are you saying that VG PAS clients will be required to switch to ETFs by YE 2020? On one hand I’m surprised that they’d force a move like that but... there no doubt it’s a lower cost/effort model for them to maintain. Should be interesting to read the forum discussions on this if in fact there is n...
by McDougal
Sun May 26, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Will my checks work?
Replies: 26
Views: 2011

Re: Will my checks work?

What's a check?
:D
by McDougal
Thu May 23, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 5445

Re: I evaluated taking SS at age 62 versus age 70

I've have a question about survivor benefits. I'm 63, spouse 58. According to the SSA website, at FRA each of us has almost the same monthly benefit. Does this negate one of the reasons for me waiting till 70? Technically I am the higher earner, but not by much. No, it does not. In (almost) any mar...
by McDougal
Thu May 23, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 153
Views: 31931

Re: Anyone want to share their monthly budget? Here's ours

I've never kept a detailed budget, more of an informal spending habit. 1. What is my take home pay? 2. Subtract out fixed/inescapable monthly expenses (mortgage/rent, util, insurance, etc) while trying to minimize these as much as possible. 3. Subtract out fixed savings goals/automatic transfers. 4...
by McDougal
Thu May 23, 2019 6:20 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 5445

Re: I evaluated taking SS at age 62 versus age 70

Some starting data: - I'm 45 - will stop working at 54 - same for my wife - assumed a 50 year timeframe - our combined monthly benefit is 3850 if we take it at 62 - combined benefit jumps to 6780 if we wait to 70 Without sharing all the other details, I concluded that for us, there is a very slight...
by McDougal
Wed May 22, 2019 1:37 pm
Forum: Personal Consumer Issues
Topic: Can I change int'l flight with connection to non-stop
Replies: 10
Views: 1042

Re: Can I change int'l flight with connection to non-stop

Thanks to all for the help. Tix were booked thru Amex travel. Called them first and was told nope, difference in fare plus $300 each is all they can do, told me to try Delta. Just did that. It took about 20 minutes and me being very nice on the phone, but they made the desired switch at no charge. I...
by McDougal
Wed May 22, 2019 6:57 am
Forum: Personal Consumer Issues
Topic: Can I change int'l flight with connection to non-stop
Replies: 10
Views: 1042

Can I change int'l flight with connection to non-stop

Wondering if this is doable. I have a flight from Florence to Atlanta with a stop in Rome. The FCO-ATL leg has been changed by Delta to a much later flight with a very long layover. So long, that I now prefer to train from Florence to Rome the day before to spend time in Rome. This would eliminate t...
by McDougal
Wed May 22, 2019 6:42 am
Forum: Personal Consumer Issues
Topic: Renewing TSA Precheck
Replies: 18
Views: 2322

Re: Renewing TSA Precheck

Another nice thing about Global Entry is that is also a Nexus card for driving across the border (I only know about the Canadian border though). I really find TSA pre super useful, I walk to the airport usually and the security point that is TSA pre only is right by the southern pedestrian entrance...
by McDougal
Fri May 17, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: New Bank suggestions in South Carolina
Replies: 8
Views: 748

Re: New Bank suggestions in South Carolina

If you can wait a bit there might be some generous incentives when SunTrust and BBT complete their merger later this year. Not sure you are near any of those banks just putting it out there.
by McDougal
Fri May 17, 2019 7:03 am
Forum: Personal Consumer Issues
Topic: Should I replace Prius Hybrid Battery?
Replies: 44
Views: 3966

Re: Should I replace Prius Hybrid Battery?

Serious question. With the Prius battery, is its lifespan dictated by time or miles driven? (Or both?)
Thanks
by McDougal
Thu May 16, 2019 6:50 am
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 22061

Re: VTSAX or VTWAX over the next 35 years?

You are correct. I just have trouble with the concept saying I am going choose between 1 of 2 options and I won't change that selection for 35 years. I just think so much will change over the next 35 years that the best choice might not even exist yet. That said push come to shove and taking the que...
by McDougal
Fri May 03, 2019 7:52 am
Forum: Personal Consumer Issues
Topic: Birthday party- No gifts
Replies: 42
Views: 3539

Re: Birthday party- No gifts

mega317 wrote:
Thu May 02, 2019 10:53 pm
If you're the only one who doesn't bring a gift you'll probably be the favorite guest.
+1
by McDougal
Wed May 01, 2019 6:32 am
Forum: Personal Investments
Topic: Vanguard Financial Plan
Replies: 20
Views: 3357

Re: Vanguard Financial Plan

Welcome to the forum! Have you asked the Vanguard Advisor yet? You are paying him/her after all. My experience with them has been that they are very responsive. YMMV.
Good luck to you.
by McDougal
Tue Apr 30, 2019 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 7356

Re: Rolled over and melting down

I strongly suggest that you generally keep either quarterly or annual financial/investment statements for at least a year, or until after taxes are filed. I'm not saying store paper forever, but consider scanning and keeping e-copies for situations like this, IRS audits, etc.
Good luck.
by McDougal
Fri Apr 19, 2019 6:34 am
Forum: Personal Investments
Topic: Am I supposed to start backdoor Conversation now?
Replies: 11
Views: 1377

Re: Am I supposed to start backdoor Conversation now?

Where is the other 75% of your money? Need a lot more info here.
by McDougal
Thu Apr 18, 2019 2:31 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2387

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

Outside of being part of an organization, would you just go with the free personal version of LP or subscribe to the Premium? Trying to understand the difference. I would, for a couple of reasons: 1) Fingerprint support on mobile is super-convenient 2) Emergency access 3) I personally find value in...