Search found 203 matches

by Therapist Investor
Wed Mar 06, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Stay the course with baby on the way?
Replies: 28
Views: 1681

Re: Stay the course with baby on the way?

Hi Everyone, This is basically a follow up to a post I made about 9 months ago where my wife and I were trying to get some thoughts and suggestions regarding our financial goals as we just became debt free. We’ve definitely made strides in the right direction but I'm happy to announce that we are e...
by Therapist Investor
Tue Mar 05, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: Pushing the frontier of behavioral finance
Replies: 38
Views: 3367

Re: Pushing the frontier of behavioral finance

Dear BHs Not sure if I post it in the correct section. I am currently starting my PhD (while teaching) in the area of behavioral finance. I suppose I'm speaking to an audience who are rather proficient in investment stuff. I have some questions which will help me to improve on my research. Please f...
by Therapist Investor
Mon Mar 04, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: College Savings - Are we going about this the wrong way?
Replies: 88
Views: 5530

Re: College Savings - Are we going about this the wrong way?

I'm curious how much others put in? Does $450 sound good? I have a child similar in age to the OP. I'm contributing $3000 per year at the moment (other retirement accounts are maxed out). The contributions are made on a biweekly basis and automatically deducted from my and my DW's checking account....
by Therapist Investor
Sat Mar 02, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: How The New QBI Deduction-Reduction Ruins The Value Of Pre-Tax Retirement Plans For Small Business Owners
Replies: 56
Views: 4008

Re: How The New QBI Deduction-Reduction Ruins The Value Of Pre-Tax Retirement Plans For Small Business Owners

Anecdotal information has TurboTax with updates working correctly given proper inputs. Just make sure it reduces your Schedule C business profit by Form 1040 Schedule 1 Lines; 27 (1/2 SE tax), 28 (deductible employer retirement plan contributions) and 29 Self-employed health insurance deduction to ...
by Therapist Investor
Fri Mar 01, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: How The New QBI Deduction-Reduction Ruins The Value Of Pre-Tax Retirement Plans For Small Business Owners
Replies: 56
Views: 4008

Re: How The New QBI Deduction-Reduction Ruins The Value Of Pre-Tax Retirement Plans For Small Business Owners

I don't know how many times I can say this. If you are a pass-thru business eligible for the QBI deduction, do NOT file your taxes until this has all settled out. I would not do so before March 1st. I agree. In my TaxAide group we have put all SE business returns on hold indefinitely. I am self-emp...
by Therapist Investor
Wed Feb 20, 2019 9:47 am
Forum: Personal Investments
Topic: Is VSBSX too risky for 6 months?
Replies: 41
Views: 2787

Re: Is VSBSX too risky for 6 months?

Ok, upside (5500) vs unlikely but possible downside (25000) established. And why do you need the principal? To buy a house. Seems like an unnecessary risk. VUSXX is currently earning 2.34%. VSBSX is currently earning 2.50% with significantly more downside risk. Why not just buy a 6 month T-bill fro...
by Therapist Investor
Sat Feb 09, 2019 12:43 pm
Forum: Investing - Theory, News & General
Topic: Why borrow money in RE but not Stocks?
Replies: 39
Views: 4251

Re: Why borrow money in RE but not Stocks?

Why is it that people are generally okay to invest in real estate with borrowed money but always advise against borrow money to buy stocks. If either investment go sour, won't there always be someone that forces you to sell the asset. For example with borrowed money from bank or investors for real ...
by Therapist Investor
Fri Feb 08, 2019 4:07 am
Forum: Personal Consumer Issues
Topic: My wife going back to school for Masters in Counseling - online
Replies: 48
Views: 2736

Re: My wife going back to school for Masters in Counseling - online

She understands the stigma with online for profit - like Capella UOP - however Capella is much better (none of that group project nonsense - where you do all the work and others skate by.) Regardless I suggested she look at non-profit state universities - which really do not differentiate between o...
by Therapist Investor
Wed Feb 06, 2019 6:29 pm
Forum: Personal Investments
Topic: Can I time the market by paying down mortgage vs buying stocks ??
Replies: 16
Views: 1216

Re: Can I time the market by paying down mortgage vs buying stocks ??

These are all good ideas if you can time the market. But timing is hard to do. Timing the market is not possible. Even an omniscient investor is less successful than dollar cost averaging. https://www.marketwatch.com/story/this-is-the-last-article-youll-ever-need-to-read-on-market-timing-analyst-cl...
by Therapist Investor
Mon Feb 04, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America Checking & Saving Question...
Replies: 13
Views: 976

Re: Bank of America Checking & Saving Question...

There no problem with doing this. I did the same thing last year. Just be sure to keep your checking account balance above the minimum. I happen to live close to a BOA branch so I did this in person. It took 5 minutes.
by Therapist Investor
Sun Feb 03, 2019 3:50 am
Forum: Personal Investments
Topic: Kindergarten-level question about Money Market fund
Replies: 19
Views: 1803

Re: Kindergarten-level question about Money Market fund

Yes, you can easily move your money in and out of Vangurd Prime Money Market. The bank transfer takes 2-3 days on either end to show up in your account. There are no penalties. It’s very convenient. I use the fund for a similar reason. This strategy’s one downside is that I’d we have another financi...
by Therapist Investor
Wed Jan 30, 2019 12:51 pm
Forum: Personal Investments
Topic: Requesting help with Vanguard 1099-DIV
Replies: 7
Views: 737

Re: Requesting help with Vanguard 1099-DIV

livesoft wrote:
Tue Jan 29, 2019 4:08 pm
There is a place on your state tax return. Please see the instructions for your state tax return.
Thank you!
by Therapist Investor
Wed Jan 30, 2019 12:51 pm
Forum: Personal Investments
Topic: Requesting help with Vanguard 1099-DIV
Replies: 7
Views: 737

Re: Requesting help with Vanguard 1099-DIV

FactualFran wrote:
Tue Jan 29, 2019 4:06 pm
Read the U.S. government obligations information document from Vanguard for 2018 and the tax return instructions of your State.
Thank you!
by Therapist Investor
Tue Jan 29, 2019 3:56 pm
Forum: Personal Investments
Topic: Requesting help with Vanguard 1099-DIV
Replies: 7
Views: 737

Requesting help with Vanguard 1099-DIV

I received my 1099-DIV from Vanguard today. Most of my holdings are in the Vanguard Treasury Money Market Fund (VUSXX). I had thought dividends from that fund would be exempt from state or local tax due to the fund being 100% short-term treasuries. However, on my tax information statement from Vangu...
by Therapist Investor
Tue Jan 29, 2019 1:33 pm
Forum: Personal Investments
Topic: "Steelmanning" the case for owning individual stocks
Replies: 53
Views: 3673

Re: "Steelmanning" the case for owning individual stocks

I fall into the camp that does not believe in individual stock investing. That belief was based initially on anecdotal experience of observing others play the game and losing badly. That caused me to avoid most of the longest bull market in history. I eventually came back around to investing, but my...
by Therapist Investor
Thu Jan 17, 2019 2:35 pm
Forum: Personal Investments
Topic: Clearing the decks at age 60 and starting over
Replies: 20
Views: 4166

Re: Clearing the decks at age 60 and starting over

I don't have much to add to the advice given above except to suggest you take a chunk of the 49K in that checking account and move it over to a savings account where it can earn some interest. Many here recommend Ally Bank high yield savings. It's totally liquid, FDIC insured, and would earn 2.2%. T...
by Therapist Investor
Wed Jan 16, 2019 8:58 am
Forum: Personal Consumer Issues
Topic: Swimming, do you? Advice sought.
Replies: 72
Views: 5557

Re: Swimming, do you? Advice sought.

I swam competitively in high school, was a part time swim coach in college, and then gave it up for most of my 20s. I recently returned to the sport. There is so much technique to learn that you really need a coach regardless of when you are learning. It's easier to learn as a child, but you can def...
by Therapist Investor
Wed Jan 09, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off Mortgage...what to do next
Replies: 32
Views: 2739

Re: Paid off Mortgage...what to do next

Congratulations to you both! You are in a very exciting position. It goes without saying that from now on you should keep your cost of living the same and kick your savings into high gear. If I were in your situation, I would prioritize getting an emergency fund set up and then paying all of the cre...
by Therapist Investor
Wed Dec 12, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Individual 401K now offering Admiral funds
Replies: 62
Views: 5567

Re: Vanguard Individual 401K now offering Admiral funds

This is a great new development that has me seriously thinking about transferring my i401k from Fidelity to Vanguard. Can someone clarify how you can contribute money into a Vanguard i401k? Is it as simple as doing an online bank transfer or are there more hoops to jump through?
by Therapist Investor
Wed Dec 05, 2018 2:00 pm
Forum: Personal Investments
Topic: Home Down Payment - Where to Save?
Replies: 22
Views: 2139

Re: Home Down Payment - Where to Save?

VUSXX and the VMXX funds seem like a good place to park down payment money. I'm struggling trying to make a decisions as to whether or not to park all my money there, all of it in a ladder CD/regular CD, or put some in both. This is my own neurosis playing itself out but I am a bit cautious - that ...
by Therapist Investor
Tue Dec 04, 2018 10:49 am
Forum: Personal Investments
Topic: Home Down Payment - Where to Save?
Replies: 22
Views: 2139

Re: Home Down Payment - Where to Save?

I'm a big fan of Vanguard's Treasury Money Market Fund (VUSXX). It is 100% invested in short-term T-Bills. The share price is pegged to $1. It has less risk than the Vanguard Prime Money Market due to all debt being held with Uncle Sam. The yield is slightly lower than Prime Money Market, but at cer...
by Therapist Investor
Mon Dec 03, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Big endowments don't beat simple 60/40 over 10 yrs.
Replies: 25
Views: 3290

Re: Big endowments don't beat simple 60/40 over 10 yrs.

Why wasn't this quote the one that made the headline? The news wasn’t all bad for the Ivy endowments. Though the endowments didn’t beat a plain-vanilla portfolio over ten years, they did outpace it when looked at over the most recent 15-year period on an annualized basis. The article does state the...
by Therapist Investor
Thu Nov 15, 2018 1:58 pm
Forum: Personal Consumer Issues
Topic: VA (veterans admin) benefits for dementia
Replies: 7
Views: 477

Re: VA (veterans admin) benefits for dementia

Father has dementia and recently visited the VA. Was informed he’s eligible for all benefits because he was subject to agent orange and this was listed in his discharge papers. His next step will be to see a VA doctor. Is anyone familiar with any sort of longer term care provided by the VA? Has any...
by Therapist Investor
Sat Nov 10, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3876

Re: State retirement pensions thoughts?

State pension funds are great in most states. There are several pensions funds in serious trouble: Illinois, Kentucky, New Jersey, Connecticut and others. If you state pension system is reasonably well funded 80% or more of liabilities, you should get most if not all of your benefits. I am on the N...
by Therapist Investor
Thu Nov 01, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle 401k or taxable?
Replies: 27
Views: 1722

Re: Side Hustle 401k or taxable?

Understood... but my question is not so much about the 18.5k employee contribution. That's over an done with. It's more about whether to contribute to my solo 401k as an employer contribution vs not and investing it as taxable. The only reason I can see in favor of making contributions to a taxable...
by Therapist Investor
Wed Oct 10, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: self-employed professional - the best way to get things started?
Replies: 27
Views: 2616

Re: self-employed professional - the best way to get things started?

5. student loan - 500k together :x expect to pay it all off in 7 years. we thought about going after the student loan even more aggressively, but decided to invest instead. :sharebeer What is the interest rate on your student loans? Graduate loans tend to be around 6-7%. I'm inclined to agree with ...
by Therapist Investor
Wed Oct 10, 2018 6:44 am
Forum: Personal Finance (Not Investing)
Topic: self-employed professional - the best way to get things started?
Replies: 27
Views: 2616

Re: self-employed professional - the best way to get things started?

2. i want to rollover existing 65k from my past employer - so should i open up solo 401k account? backdoor roth IRA? which retirement plan makes best sense for us? :confused we want to put aside about 4k monthly for our retirement accounts. i'm just not sure which one makes best sense for us... and...
by Therapist Investor
Wed Oct 10, 2018 6:27 am
Forum: Personal Finance (Not Investing)
Topic: self-employed professional - the best way to get things started?
Replies: 27
Views: 2616

Re: self-employed professional - the best way to get things started?

1. i just watched interesting video about SEP IRA vs. solo 401k - https://www.youtube.com/watch?v=aJP6s04kPkI&t=531s does this apply to us? should i become an S corporation? what happens to my wife then? my employee? i like the idea of saving significant money on taxes. I'd definitely suggest you c...
by Therapist Investor
Mon Oct 08, 2018 5:45 am
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 84
Views: 6523

Re: Poll: BHs who rent - what % of gross do you spend on rent?

Was 19% two years ago but is currently 9% due to an increase in income. Dual income family of 3. We live in a MCOL East Coast city.
by Therapist Investor
Wed Oct 03, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma
Replies: 26
Views: 2308

Re: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma

Tell me if I've omitted something that has skewed these answers. If not, I think the AMEX has to go. This whole analysis breaks down if you go out and spend more than you would have otherwise, which is what the credit card companies and Amazon are banking on. Can you make the changes and actually k...
by Therapist Investor
Wed Oct 03, 2018 12:18 pm
Forum: Investing - Theory, News & General
Topic: Flattening yield curve
Replies: 55
Views: 5184

Re: FLATTENING YIELD CURVE

Anyone feel this is leading to RECESSION? There is a 100% chance that the yield curve will become inverted in the future. There is a 100% chance that there will be a recession in the future. No one knows when either will occur. The best course of action is to look at your asset allocation. Can you ...
by Therapist Investor
Mon Oct 01, 2018 3:05 pm
Forum: Personal Investments
Topic: New Dual Physican Couple
Replies: 39
Views: 3552

Re: New Dual Physican Couple

Thanks everyone, I guess the last few years of the market have made me think that investing may be the better route as long as the loans are below 7-8% or so. It sounds like everyone is unanimous in agreeing to pay off her med school debt ASAP? You should check out the White Coat Investor. Both the...
by Therapist Investor
Mon Oct 01, 2018 7:44 am
Forum: Personal Investments
Topic: Is keeping your investment in a mutual fund above the minimum initial investment required?
Replies: 6
Views: 603

Re: Is keeping your investment in a mutual fund above the minimum initial investment required?

I called Vanguard this morning. A rep said that if the total fund balance falls below the minimum balance of $50,000 I would have one year to bring the balance up to the minimum. If that does not occur, they would sell me out of the fund into the settlement fund. I asked if that would still be the c...
by Therapist Investor
Mon Oct 01, 2018 7:28 am
Forum: Personal Investments
Topic: Is keeping your investment in a mutual fund above the minimum initial investment required?
Replies: 6
Views: 603

Re: Is keeping your investment in a mutual fund above the minimum initial investment required?

In addition to the safety, this fund is 100% state income tax free since it invests solely in Treasuries. That can make its yield at or near that of Prime money market depending on your state income tax situation. I had calculated the tax-adjusted return and this fund is lower than prime money mark...
by Therapist Investor
Sat Sep 29, 2018 8:40 am
Forum: Personal Investments
Topic: Is keeping your investment in a mutual fund above the minimum initial investment required?
Replies: 6
Views: 603

Re: Is keeping your investment in a mutual fund above the minimum initial investment required?

Interesting fund. Seems like a nice investment for your uses. I don't recall ever hearing about it before. And when I click on "browse Vanguard mutual funds by asset class", it is not listed. I've seen this before and do not know why some things are not listed. How did you happen upon it? We do kno...
by Therapist Investor
Sat Sep 29, 2018 8:11 am
Forum: Personal Investments
Topic: Is keeping your investment in a mutual fund above the minimum initial investment required?
Replies: 6
Views: 603

Is keeping your investment in a mutual fund above the minimum initial investment required?

This question is somewhat answered in a prior post from about 8 years ago https://www.bogleheads.org/forum/viewtopic.php?t=49569 , but the minimums are very different so I thought I'd double check. The DW and I are saving up for a house downpayment. We hope to buy a house sometime in the middle of n...
by Therapist Investor
Fri Sep 28, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Public Student Loan Forgiveness Program Rejects 99% of Applicants
Replies: 27
Views: 2558

Re: Public Student Loan Forgiveness Program Rejects 99% of Applicants

wabbajack wrote:
Fri Sep 28, 2018 7:57 am
Headlines may be misleading.
Thanks for posting. I hadn't seen that article. Clearly you have to have all of your ducks in a row to have a shot of making this program work.
by Therapist Investor
Fri Sep 28, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Public Student Loan Forgiveness Program Rejects 99% of Applicants
Replies: 27
Views: 2558

Re: Public Student Loan Forgiveness Program Rejects 99% of Applicants

There have been many stories recently in the media regarding the Public Student Loan Forgiveness Program. The program was created 10 years ago, so the first round of applicants have been applying for loan forgiveness starting this year. As this story from the New York Times shows, 99 percent of app...
by Therapist Investor
Fri Sep 28, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Public Student Loan Forgiveness Program Rejects 99% of Applicants
Replies: 27
Views: 2558

Re: Public Student Loan Forgiveness Program Rejects 99% of Applicants

The program should not have been created in the first place. If you take out a student loan, expect to pay it back. People should not expect to get a free college education. Regardless of what one thinks about the program, the program exists. It is clearly not a viable option for the vast majority ...
by Therapist Investor
Fri Sep 28, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Public Student Loan Forgiveness Program Rejects 99% of Applicants
Replies: 27
Views: 2558

Public Student Loan Forgiveness Program Rejects 99% of Applicants

There have been many stories recently in the media regarding the Public Student Loan Forgiveness Program. The program was created 10 years ago, so the first round of applicants have been applying for loan forgiveness starting this year. As this story from the New York Times shows, 99 percent of appl...
by Therapist Investor
Tue Sep 25, 2018 8:46 pm
Forum: Personal Investments
Topic: JP Morgan Structured Investments - What am I missing?
Replies: 20
Views: 1702

Re: JP Morgan Structured Investments - What am I missing?

This particular structured note cannot be simulated well with standard options, because of the abrupt drop; you lose nothing if the market drops 49%, but 50% if the market drops 50%. And this is a very undesirable property for an investment, as it will give you no downside protection precisely when...
by Therapist Investor
Wed Sep 19, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 142
Views: 9658

Re: Physical Banking - Any benefits anymore?

Hello everyone Regarding physical banks. The way I use my bank is very simple: -I deposit my paycheck -Pay bills from it -I take out cash from ATMs. -Would rarely (almost never?) have to deposit cash so that's not a concern. I currently have a TD Bank with a $2,500 minimum balance and I get reimbur...
by Therapist Investor
Sat Sep 15, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10756

Re: Massive Student Loan Debt - Fiancee

smitcat wrote:
Sat Sep 15, 2018 5:51 am
And it appears that the OP placed one post and has not returned.....
True, but hopefully he will be back. Even if he does not read the comments, this is a very common issue. I am sure many lurkers will read the many helpful comments above.
by Therapist Investor
Wed Sep 12, 2018 6:19 pm
Forum: Personal Investments
Topic: Investment/Financial Plan Advice
Replies: 13
Views: 1315

Re: Investment/Financial Plan Advice

Thank you for your suggestions. I plan on keeping most of the money in the savings account for purchases I plan on making within 5 years and investing the rest in the Roth and in the taxable investment account. I will be rolling over money from a retirement account from a previous employer, that is...
by Therapist Investor
Wed Sep 12, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k at Wells Fargo
Replies: 7
Views: 533

Re: Solo 401k at Wells Fargo

That sounds pretty confusing. I opened a solo 401k with Fidelity earlier this year. They have just one account for all contributions (employee and employer). Making contributions to the account are a bit of a pain. You have to do a bank transfer into a separate Fidelity Cash Management account, wait...
by Therapist Investor
Tue Sep 11, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 11081

Re: Side Hustle Options/Suggestions.

I have seen someone advertising a course on how to start a home based accounting business, but the price was like $1,300 around Christmas, but has now been updated and costs $1,999. I was debating paying for it and trying to get two clients a month that pay $300 each, and the course pays for itself...
by Therapist Investor
Tue Sep 11, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 11081

Re: Side Hustle Options/Suggestions.

I have seen someone advertising a course on how to start a home based accounting business, but the price was like $1,300 around Christmas, but has now been updated and costs $1,999. I was debating paying for it and trying to get two clients a month that pay $300 each, and the course pays for itself...
by Therapist Investor
Tue Sep 11, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 11081

Re: Side Hustle Options/Suggestions.

CPA/bookkeeping is a side hustle that may be harder to get started, but offer better monetary compensation and better work/life balance. It is also something that may eventually become your main occupation, while your uber hustle should never become your primary paycheck. Yes that is a long term go...
by Therapist Investor
Tue Sep 11, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7553

Re: Anyone else playing catch-up in their 40's?

It seems most of the ppl here started saving diligently in their 20's or 30's....are there others here who didn't "wake up" like me until they were in their 40's or beyond? Just curious. Lots of people here seem to have only gotten focused on saving and investing in their 40s. I'm in my mid 30s and...