Search found 366 matches

by fujiters
Tue May 19, 2020 4:50 am
Forum: Personal Investments
Topic: Best place to gradually save $6000 to max-out Roth IRA contribution in January
Replies: 46
Views: 3055

Re: Best place to gradually save $6000 to max-out Roth IRA contribution in January

What if 6k is < 1% of your total investments? Would folks still advise investing until you can contribute it to a Roth? Why wouldn't we? Doesn't 6k being a relatively small chunk mean you'll easily be able to max out IRA limit on January 2 even after potential short term losses? Or is the argument ...
by fujiters
Fri May 15, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12001

Re: Selling home - low ball negotiation

I'd counter 10k above asking price. They mocked you and they should know. Mocked? I don’t see that at all. This strategy is very common where I live. You list, they offer 90-92%ish, you negotiate and it usually winds up somewhere around 95% of ask. +1 Especially true here. 89% offer might be mockin...
by fujiters
Fri May 15, 2020 9:29 am
Forum: Personal Investments
Topic: Excess money in taxable vs 529?
Replies: 23
Views: 1484

Re: Excess money in taxable vs 529?

Edit: I guess a 3rd option could be mortgage principal paydown. Compare the return on that to low-risk, long-term bonds. If you have ten years left on your 3% mortgage, and you make an extra payment, you will get that money back in ten years with 3% interest, just as if you had bought a ten-year bo...
by fujiters
Tue May 12, 2020 12:12 pm
Forum: Personal Investments
Topic: DH Laid Off - can we retire early?
Replies: 40
Views: 4911

Re: DH Laid Off - can we retire early?

I ran Firecalc with the following conditions: portfolio =1,000,000 AA=40/60 35 year retirement 60,000 spending DH takes SS in 2022 (age 62) = 15,000 You take SS in 2028 (age 62)= 13,000 Firecalc gives a 94% success rate for 35 years. I did the same, but having them both wait until 70 to draw SS. 10...
by fujiters
Tue May 12, 2020 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Broke mother-in-law retiring due to COVID-19
Replies: 54
Views: 6485

Re: Broke mother-in-law retiring due to COVID-19

Best use of the $125k from condo sale is to use it for living expenses in order to put off drawing SS as long as possible.
by fujiters
Mon May 11, 2020 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 59
Views: 4534

Re: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960

The April jobs report showed a jump in average wage (due to most of the job losses occurring in the lowest wage jobs). Perhaps, unexpectedly, people turning 60 this year will have a jump in SS?
by fujiters
Mon May 11, 2020 6:25 am
Forum: Investing - Theory, News & General
Topic: Oil Crash Busted Broker’s Computers and Inflicted Big Losses-At midnight, Shah got the devastating news: he owed Intera
Replies: 8
Views: 1849

Re: Oil Crash Busted Broker’s Computers and Inflicted Big Losses-At midnight, Shah got the devastating news: he owed Int

Anyone knows what happened for this trader then? Did he lose all $77,000 or was he made whole? Or made a profit even? I would assume he would lose the $77k. The error was in handling negative values, so everything until it crossed past $0 is on the customer. He got lucky in that he didn't have to d...
by fujiters
Sun May 10, 2020 3:32 am
Forum: Personal Investments
Topic: How to add ballast to a taxable account?
Replies: 26
Views: 2544

Re: How to add ballast to a taxable account?

I like savings bonds for taxable accounts. They're tax deferred and exempt from state taxes when redeemed. EE Bonds have an 3.5% yield if held exactly 20 years, and I bonds are offering inflation protection at a better rate than you are able to get with TIPS.
by fujiters
Sat May 09, 2020 10:43 am
Forum: Investing - Theory, News & General
Topic: Best fixed income options
Replies: 30
Views: 2899

Re: Best fixed income options

If there was a low/no risk fixed income option that yields 5.7%, no one would put money into treasuries, total bond market, or rush to jump on CD deals offering 3%. I think you can play games and put the money into high risk funds offering a higher return, but the other side of that is that your wif...
by fujiters
Sat May 09, 2020 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Kids Sports Turned Into Donation
Replies: 7
Views: 1436

Re: Kids Sports Turned Into Donation

Obviously all of the my children's spring sports have been cancelled and we are generally getting most of our money back. If the sports league is run by a non-profit can I take the amount not returned as a charitable deduction? My child has received nothing in value in exchange for the payment. Mos...
by fujiters
Sat May 09, 2020 7:23 am
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8257

Re: Percentage of savings to "prepping"?

I don't view it as a % of savings. I just front load some spending to take advantage of sales and avoid running out of something and having to do a last minute trip to the store. Overall annual expenses are ~ the same as they would be without the front loading though. We get better prices on most th...
by fujiters
Thu Apr 30, 2020 2:21 pm
Forum: Investing - Theory, News & General
Topic: The Collapse in Global Inflation Expectations
Replies: 106
Views: 6525

Re: The Collapse in Global Inflation Expectations

With expectations like this, EE bonds look great (assuming the Treasury doesn't change the 20 year doubling).
by fujiters
Tue Apr 28, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds as tax refund: tracking down a missing one
Replies: 21
Views: 3161

Re: I Bonds as tax refund: tracking down a missing one

Resurrecting this thread because I have received $4000/$5000 expected I Bonds from tax refund (all issued in March). I have 3 $1000 bonds, 1 $500, 1 $200, and 6 $50s. I'm going to wait another week or so to see if it shows up. It is a shame paper bonds' serial numbers don't get automatically linked ...
by fujiters
Sat Apr 18, 2020 10:07 am
Forum: Personal Consumer Issues
Topic: Expecting Child #1 - Cost Saving Ideas?
Replies: 55
Views: 2110

Re: Expecting Child #1 - Cost Saving Ideas?

I found cloth diapers to be about half the price of disposable ones after accounting for washing and time costs, and didn't find them to be very time consuming. I used a combination of stuff-able and prefolds (old school). With modern diaper covers (I recommend snap-able ones, since Velcro wears out...
by fujiters
Wed Apr 08, 2020 9:47 am
Forum: Investing - Theory, News & General
Topic: Book suggestions for a 16 year old
Replies: 47
Views: 2153

Re: Book suggestions for a 16 year old

Probably the best thing you can do to ensure future financial success at age 16 is to get a high SAT score, so I'd recommend studying for that. Market, That’s always been my view as well but, of late the SAT is under attack and is being devalued by many perceived “top colleges.” At any rate, OP is ...
by fujiters
Mon Apr 06, 2020 8:18 am
Forum: Personal Consumer Issues
Topic: How are you exercising with gym closures
Replies: 111
Views: 5805

Re: How are you exercising with gym closures

Group runs and bike rides - getting really high turnout. How are you managing to maintain adequate distancing with a large group? Are you concerned about suggestions that more forceful breathing, such as during run, extends the danger zone beyond the usual 6 feet? +1 Group anything sounds like a te...
by fujiters
Sat Apr 04, 2020 7:49 am
Forum: Personal Consumer Issues
Topic: How are you exercising with gym closures
Replies: 111
Views: 5805

Re: How are you exercising with gym closures

I learned how to make oatmeal from a poster on the forum in a way that requires a bit of exercise. No gym required, but beware: Don't try this at home unless you want awesome abs. Could we get some results pics (both oatmeal and abs)? I've been running near my house, but now that the weather has go...
by fujiters
Sat Apr 04, 2020 3:28 am
Forum: Investing - Theory, News & General
Topic: Why not go EE bonds (instead of bond funds)?
Replies: 176
Views: 10545

Re: Why not go EE bonds (instead of bond funds)?

To me, the primary concern is not being able to use them to rebalance. You have to hold them for 20 years to get the 3.5% yield and they can't be sold to anyone else (who could wait for the 20 year mark instead of you) either. I'm strongly considering adding EE bonds to my bond holdings for their st...
by fujiters
Thu Apr 02, 2020 1:39 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190721

Re: Bogleheads community discussion - Coronavirus

Once we reach the point where enough people are immune, such that an explosion of new cases is unlikely, restrictions will ease. At that point, only vulnerable people will need to be extra careful. Everyone else will just need to be cautious, a bit more than with the seasonal flu. Coronavirus is no...
by fujiters
Tue Mar 31, 2020 12:40 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190721

Re: Bogleheads community discussion - Coronavirus

[Quote of deleted post removed by Moderator Misenplace.] The UK was essentially following this plan until last week, after reports came out that indicated even only exposing only those at lowest risk (those under 60 without other medical conditions) would still result in overwhelming the medical sy...
by fujiters
Thu Mar 26, 2020 2:21 pm
Forum: Personal Investments
Topic: Anyone using Transferwise
Replies: 28
Views: 1142

Re: Anyone using Transferwise

I have used it. It's pretty straightforward and fees are relatively low. Depending on why you want to send money, you may also want to consider direct withdrawals from ATMs from a debit card without foreign transaction fees (like Schwab's), which could then be deposited into a local bank account. Th...
by fujiters
Wed Mar 25, 2020 12:00 pm
Forum: Personal Investments
Topic: Investment that grows long-term without (much) income along the way?
Replies: 10
Views: 460

Re: Investment that grows long-term without (much) income along the way?

Gill wrote:
Wed Mar 25, 2020 11:41 am
How about Savings Bonds, both Series I and EE?
Gill
+1.
by fujiters
Mon Mar 23, 2020 11:31 am
Forum: Personal Investments
Topic: TLH: VXUS VEU SCHF
Replies: 6
Views: 235

Re: TLH: VXUS VEU SCHF

I see no problem. In fact, I TLH-ed from VXUS and IXUS into VEU today as well.
by fujiters
Fri Mar 20, 2020 1:48 pm
Forum: Personal Investments
Topic: I-bonds - transition a portion of EF? Exchange from Munis?
Replies: 5
Views: 295

Re: I-bonds - transition a portion of EF? Exchange from Munis?

I think I bonds are great and I invest in them in preference to most other bond types, munis included. I say go for it, assuming you definitely won't need the money for at least a year.
by fujiters
Tue Mar 17, 2020 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason NOT to wait until April to buy I bonds?
Replies: 8
Views: 763

Re: Any reason NOT to wait until April to buy I bonds?

I had been planning on waiting until May in the hope that the fixed rate would increase, but that now looks unlikely... I didn't think so either, but the daily real yield curve jumped quite a bit today. All durations decently over the 0.2% for I bonds. https://www.treasury.gov/resource-center/data-...
by fujiters
Sun Mar 08, 2020 6:02 pm
Forum: Personal Investments
Topic: Anyone else considering moving their bonds to cash
Replies: 41
Views: 3342

Re: Anyone else considering moving their bonds to cash

While not cash, I'm putting my money allocated to bonds into I bonds and EE bonds before considering buying more in bond funds, since they beat TIPS and 20 year Treasury yields. Being in my mid 30s, my holding duration is well matched to their potential 30 year durations. They're both cash like once...
by fujiters
Sun Mar 08, 2020 1:40 pm
Forum: Investing - Theory, News & General
Topic: Maximizing HSA Strategies
Replies: 65
Views: 3195

Re: Maximizing HSA Strategies

Roth dollars are better than HSA dollars. Why? Because they can be withdrawn tax free for anything after 59 1/2 and they can be inherited. HSA dollars can only be withdrawn tax free for qualified medical expenses and they become immediately taxable for any non-spouse beneficiary. And Roth IRA contr...
by fujiters
Sun Mar 01, 2020 6:49 am
Forum: US Chapters
Topic: Where is Livesoft!?
Replies: 147
Views: 27506

Re: Where is Livesoft!?

7eight9 wrote:
Thu Feb 27, 2020 3:24 pm
Hopefully doing well (as I would wish anyone). Can't say that I missed the snark.
I've missed the snark.

And without livesoft, it's impossible to know if we've experienced a RBD. I think we're all waiting for confirmation that the last week had genuine, livesoft-approved, RBDs.
by fujiters
Sat Feb 29, 2020 7:49 am
Forum: Personal Investments
Topic: Will recovery be possible?
Replies: 41
Views: 4791

Re: Will recovery be possible?

I hope the OP is trolling. I don't think so. We have a couple of other new posters who don't have a lot invested and are really concerned about their returns. It's a natural reaction for novice investors. It's important for them to realize that returns aren't what's important early in their accumul...
by fujiters
Sat Feb 29, 2020 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest way to convert currency?
Replies: 7
Views: 580

Re: Cheapest way to convert currency?

Looks good! However in order to get my CAD funds to IB they require I wire the funds in. Wiring costs around $50-75 CAD each time. Do you know a cheaper method instead of wiring? Normally an institution would send a micro-deposit and link an account allow free transfers to and from. I'm not familia...
by fujiters
Sat Feb 29, 2020 4:32 am
Forum: Personal Investments
Topic: Afraid to take the leap
Replies: 55
Views: 7685

Re: Afraid to take the leap

Worst part is that friends are telling me on a daily basis how stupid I was for investing everything right at the top. I must hear things like "Why didn't you wait for a crash like me? I told you it's gonna happen?". Well, you know waiting for a crash is a fool's errand. No way to know in advance w...
by fujiters
Thu Feb 27, 2020 2:07 am
Forum: Personal Investments
Topic: Advice to young adult with inherited ROTH IRA/Student loans
Replies: 6
Views: 595

Re: Advice to young adult with inherited ROTH IRA/Student loans

If I were her, I would have patience and pay the loans of over the following years. I would let the inherited Roth stay invested. If RMDs are required (not sure), I would funnel the money into her own Roth IRA and if any money leftover use it to add to an employer sponsored retirement plan. I would...
by fujiters
Wed Feb 26, 2020 3:29 am
Forum: Personal Investments
Topic: TSP G Fund and 2050 Target Fund Allocation Question
Replies: 12
Views: 1090

Re: TSP G Fund and 2050 Target Fund Allocation Question

If you're thinking about moving into an L fund, it's probably the right choice for you. They are designed to hold your entire portfolio, so if you're going to move into the L fund, you might as well move it all in. Similarly, if you have an outside IRA, you probably want that to be in a target date ...
by fujiters
Wed Feb 26, 2020 3:20 am
Forum: Investing - Theory, News & General
Topic: This is boring
Replies: 23
Views: 5290

Re: This is boring

If you decided that, say, you want 50/50 stocks/bonds, anything OTHER than that (even if just a couple of %s off) technically constitutes a tactical decision away from your desired long-term strategic allocation. Is it a decision to stray from your long-term plan or a decision to spend your time/me...
by fujiters
Wed Feb 26, 2020 2:39 am
Forum: Non-US Investing
Topic: Expat and currency exchange
Replies: 10
Views: 959

Re: Expat and currency exchange

If the amount of money you would need in a foreign currency can be easily obtained from an ATM, I recommend the Schwab ATM card. You get near mid market rates (I've observed the currency conversion to be about $1-2 higher than mid market rate for a $1000 withdrawal). Just put as much of your foreign...
by fujiters
Wed Feb 26, 2020 1:22 am
Forum: Personal Investments
Topic: Where should I put bonds if I plan to FIRE?
Replies: 14
Views: 1819

Re: Where should I put bonds if I plan to FIRE?

I really like I bonds right now. Great for early and regular retirees. Currently yielding 2.2% for the first 6 months (0.2% above inflation, updated to reflect latest 6 month inflation numbers every 6 months). Compares favorably with TIPS of any duration. Tax deferred and exempt from state taxes. I...
by fujiters
Tue Feb 25, 2020 4:50 pm
Forum: Personal Investments
Topic: Where should I put bonds if I plan to FIRE?
Replies: 14
Views: 1819

Re: Where should I put bonds if I plan to FIRE?

I really like I bonds right now. Great for early and regular retirees. Currently yielding 2.2% for the first 6 months (0.2% above inflation, updated to reflect latest 6 month inflation numbers every 6 months). Compares favorably with TIPS of any duration. Tax deferred and exempt from state taxes. I ...
by fujiters
Tue Feb 25, 2020 4:02 pm
Forum: Personal Investments
Topic: Help w Fed Employee TSP C Fund
Replies: 33
Views: 2253

Re: Help w Fed Employee TSP C Fund

Nothing particularly unique about being in the TSP vs any other 401k plan. Timing the market is notoriously difficult (many say impossible). C fund is already down something like 7% from highs at this point. This may be the lowest it gets. You're only guaranteed the market return if you stay investe...
by fujiters
Sun Feb 23, 2020 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 581
Views: 150173

Re: Bank of America/Merrill Edge - Preferred Rewards

Thanks to this thread I finally decided to go for Preferred Rewards linked to a Merrill Edge transfer offer (same one referred earlier in the thread). We have been banking with BofA for a while with minimum amounts in checking account to pay bills. I have a few questions still after reviewing this ...
by fujiters
Sun Feb 23, 2020 10:02 am
Forum: Investing - Theory, News & General
Topic: Early Retirement Now: Do Bonds Really Belong in Retirement Accounts?
Replies: 93
Views: 6504

Re: Early Retirement Now: Do Bonds Really Belong in Retirement Accounts?

They are fine for most portfolio sizes if you plan for it. Even in an 8 million dollar portfolio 20 years of ibond purchases for a couple is $400,000 which is 5% of the portfolio. Most people don't have 8 million dollar portfolio. It won't be 5% unless that 8 million doesn't grow at all. $8M growin...
by fujiters
Sat Feb 22, 2020 4:15 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Opinion: Savings Bonds, Real Assets & Stocks
Replies: 38
Views: 2156

Re: Portfolio Opinion: Savings Bonds, Real Assets & Stocks

I'm similarly adding to my I bonds before other bonds. I will likely also start buying EE bonds after maxing out I bonds limit. They offer a higher rate than can be had for marketable treasuries, so I see them as a small free lunch for small investors.
by fujiters
Sat Feb 22, 2020 7:56 am
Forum: Personal Investments
Topic: Should WE contribute to Traditional 401K or Roth 401K
Replies: 24
Views: 1449

Re: Should WE contribute to Traditional 401K or Roth 401K

Looks like you will likely be in the same federal tax bracket in retirement, but are thinking about moving to FL, which doesn't have income tax. That alone makes me think you should do traditional. Avoid NY taxes now, maybe not pay any state tax on withdrawal.
by fujiters
Thu Feb 20, 2020 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest way to convert currency?
Replies: 7
Views: 580

Re: Cheapest way to convert currency?

speer wrote:
Thu Feb 20, 2020 4:11 pm

0.2 basis points is a good rate, but Interactive Brokers is very fee intensive and has a $10 min fee per month just to have an account open.
I take it you haven't heard about their new (as of late 2019) fee-free Lite account.

https://www.interactivebrokers.com/en/index.php?f=45196
by fujiters
Thu Feb 20, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest way to convert currency?
Replies: 7
Views: 580

Re: Cheapest way to convert currency?

No idea about the Gambit, but it's very cheap to convert via forex trade at Interactive Brokers. 0.2 basis points for trades under $1B, with a minimum of $2 (so $2 for transfers under 100k). It can take a while to go from bank account A to B though, due to settlement times and possible holds on fund...
by fujiters
Thu Feb 20, 2020 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Downside of switching credit cards?
Replies: 10
Views: 749

Re: Downside of switching credit cards?

There can be difficulties with returns/cancellations months after purchase if you end up closing the cards due to annual fee.

I make a point of purchasing things I may end up getting reimbursed for on a card I plan to keep long term.
by fujiters
Tue Feb 18, 2020 10:05 am
Forum: Investing - Theory, News & General
Topic: NY Times - "How Millennials Could Make the Fed’s Job Harder" FIRE mentioned 2/17/20
Replies: 64
Views: 6630

Re: NY Times - "How Millennials Could Make the Fed’s Job Harder" FIRE mentioned 2/17/20

Reminds me of William Bernstein's article "Retirement Calculator from Hell-Part IV". "If you want to retire early, what matters is not how much you save, but how much more than everyone else you save . In a world where everyone saves as if they’re going to retire at fifty-five, or even at sixty-fiv...
by fujiters
Tue Feb 18, 2020 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Career options for early 30s work-in-progress deep thinker
Replies: 5
Views: 1392

Re: Career options for early 30s work-in-progress deep thinker

Interesting. I have seen this tool used widely. Can you point to some credible literature that disputes the validity or utility of this assessment? I have not seen any credible literature that purports that it's useful in the first place. Have you? Here's an interview about a book about the (strang...
by fujiters
Tue Feb 18, 2020 3:41 am
Forum: Investing - Theory, News & General
Topic: NY Times - "How Millennials Could Make the Fed’s Job Harder" FIRE mentioned 2/17/20
Replies: 64
Views: 6630

Re: NY Times - "How Millennials Could Make the Fed’s Job Harder" FIRE mentioned 2/17/20

The discussion of FIRE is the least interesting thing about this article. I, for one, will be reading the academic papers mentioned regarding the secular decline in interest rates. https://www.aeaweb.org/conference/2020/preliminary/1492?q=eNqrVipOLS7OzM8LqSxIVbKqhnGVrAxrawGlCArI This line of resear...
by fujiters
Tue Feb 18, 2020 2:51 am
Forum: Personal Investments
Topic: im wanting a small correction very soon
Replies: 78
Views: 4830

Re: im wanting a small correction very soon

Sounds like you would love investing in international markets. Total international has gone sideways for well over a decade!
by fujiters
Sun Feb 16, 2020 12:56 pm
Forum: Personal Investments
Topic: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade
Replies: 50
Views: 4088

Re: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade

I place Wellstrade before your top three. Why? I really found Wells Fargo to be awful but haven't used Wellstrade. There are many reasons. I can tell you one. When transfer money from my non-Wellsfargo accounts to Wellstrade brokerage account, the money is available to trade within minutes. With Sc...