Search found 144 matches

by BruinBones
Wed Jul 01, 2020 12:03 pm
Forum: Personal Consumer Issues
Topic: Thinking of buying a Mercedes SUV
Replies: 42
Views: 2128

Re: Thinking of buying a Mercedes SUV

I own a 2014 GLK 350 4 matic with 45,000 miles on it. Each visit for regular maintenance runs in the neighborhood of $800-$1000. I replaced the tires at a local shop about 3 years ago and take it there for rotate, balance, alignment check, etc. 2015 GLK 350 with 44k miles here. We take it in to MB ...
by BruinBones
Tue Jun 30, 2020 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Can Sole Proprietor use a Money Market Account for business banking?
Replies: 2
Views: 273

Re: Can Sole Proprietor use a Money Market Account for business banking?

Spirit Rider wrote:
Tue Jun 30, 2020 7:13 am
It depends on whether Synchrony has implemented the Federal Reserves' Regulation D change for their Money Market Account or if you write more than six checks/month.
Thank you Spirit Rider. According to Synchrony Bank CS, they are complying with new Regulation D change.
by BruinBones
Mon Jun 29, 2020 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can Sole Proprietor use a Money Market Account for business banking?
Replies: 2
Views: 273

Can Sole Proprietor use a Money Market Account for business banking?

I have a side gig that earns 1099 income as a sole proprietor. I currently have a personal High Yield Savings account at Synchrony Bank. Synchrony also offers a Money Market account from which you can write checks. Any problems with opening a Synchrony Money Market account exclusively as my business...
by BruinBones
Mon Jun 29, 2020 2:19 pm
Forum: Personal Consumer Issues
Topic: Home depot online return
Replies: 2
Views: 245

Re: Home depot online return

I don't know about that link, but if you have the order number and your e-mail address associated with the order, you can sign in to "Track Your Order" using those 2 pieces of information.
Once in, you will see a "Start a Return" link box that should take you through the process.
by BruinBones
Fri Jun 26, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Question about healthcare careers
Replies: 10
Views: 730

Re: Question about healthcare careers

Please keep in mind that the nature of taking care of sick or injured people is inherently stressful. Alot of the current suggestions may require further training, which it doesn't sound like she is currently looking for (in the short term). With the amount of training that she currently has, she sh...
by BruinBones
Fri Jun 26, 2020 10:13 am
Forum: Personal Consumer Issues
Topic: iPhone- blocking texts, but only texts
Replies: 2
Views: 304

Re: iPhone- blocking texts, but only texts

"Hide Alerts" will keep the text message silent when you receive it. Open up Messages. Swipe any text message from your recipient to the left. You should see a purple box that says "Hide Alerts." Tap on "Hide Alerts" and you will no longer hear any text tone when they send a message to you. I don't ...
by BruinBones
Thu Jun 25, 2020 12:16 pm
Forum: Personal Investments
Topic: Best Money Market Fund for High Tax Bracket?
Replies: 3
Views: 340

Re: Best Money Market Fund for High Tax Bracket?

If you have decided it must be a money market account, investigate your local credit union(s) to see if one has a higher rate.
Although I think you should also consider no penalty CD or high yield savings account for short term (12 - 18 months) money stash.
by BruinBones
Tue Jun 23, 2020 8:52 pm
Forum: Investing - Theory, News & General
Topic: Where to put cash - MM, Sav, CD, Sweep, Muni, Bond
Replies: 6
Views: 1185

Re: Where to put cash - MM, Sav, CD, Sweep, Muni, Bond

I am fortunate enough to hold most of my cash with Navy Federal Credit Union: 1. NFCU Flagship checking (tiered 0.35 to 045 percent) to pay bills. 2. NFCU Money Market Savings (tiered 0.60 to 0.75 percent) for quick cash. 3. Synchrony Bank High Yield Savings (1.05 percent) for emergency fund. 4. NFC...
by BruinBones
Tue Jun 23, 2020 12:59 pm
Forum: Personal Investments
Topic: Pharma Royalties
Replies: 8
Views: 1254

Re: Pharma Royalties

I just wrote the following narrative this morning for another post speculating on investing based on current medical events. For each reader of Forbes that are looking to capitalize on Royalty Pharma based on that article, I am sure that are many professional investors and managers who already knew ...
by BruinBones
Tue Jun 23, 2020 11:46 am
Forum: US Chapters
Topic: Happy Birthday Mel Lindauer - 6/22/2020
Replies: 58
Views: 2798

Re: Happy Birthday Mel Lindauer - 6/22/2020

I've never met you, but I have been influenced by your writings.
Happy Birthday, and Semper Fi ! :sharebeer

BB
CDR
USN(Ret)
by BruinBones
Tue Jun 23, 2020 11:41 am
Forum: Personal Investments
Topic: Roth IRA contributions after backdoor conversion
Replies: 16
Views: 704

Re: Roth IRA contributions after backdoor conversion

1. If you contributed directly to the Roth IRA in 2016, 2018, 2019, and 2020 and your MAGI was over the Roth IRA income limits for each of those years, you were not allowed to contribute, so any money you put in your account is treated as an excess contribution. 2. You must pay an Excess Contributio...
by BruinBones
Tue Jun 23, 2020 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R in H&R Block - First time completing it, checking in about whether I'm doing it right
Replies: 4
Views: 238

Re: Form 1099-R in H&R Block - First time completing it, checking in about whether I'm doing it right

Correct. Distribution code G indicates a direct (trustee to trustee) rollover. You do not pay any tax on it.
by BruinBones
Tue Jun 23, 2020 7:39 am
Forum: Personal Investments
Topic: Fun Money in Health Stocks
Replies: 11
Views: 1145

Re: Fun Money in Health Stocks

Health and medicine companies are such a broad array (from laboratory research - like vaccines, to soft goods, to animal science, to environmental, etc), it's hard to capitalized on the sector with just one holding. It is certainly possible to get lucky and select a stock that will provide a breakth...
by BruinBones
Fri Jun 12, 2020 8:19 am
Forum: Personal Consumer Issues
Topic: Do-it-yourself dental calculus remover
Replies: 12
Views: 1817

Re: Do-it-yourself dental calculus remover

I think the Dental community considers this product unsafe. About 12 years ago, I got tired of my dentist repeatedly recommending the Sonicare toothbrush to me, so I finally bought one and have been using regularly for the past 10 years. I am a daily coffee and soda drinker. The last 3 dentists that...
by BruinBones
Wed Jun 10, 2020 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing TSP
Replies: 3
Views: 447

Re: Maximizing TSP

Agree that shifting money from taxable to tax-deferred is a fine method to distribute across your accounts, since your portfolio is the sum total of all accounts.
That is also an astute tax strategy for long term capital gains by taking advantage of tax-free income during deployment.
I salute you.
by BruinBones
Wed Jun 10, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Investment selections for DAF
Replies: 10
Views: 420

Re: Investment selections for DAF

Mine is 50/50 equities/bonds, also.
Total Stock Index, REIT Index, Total Bond Index, and TIPS fund.
Hoping to last at least next 10 - 15 years.
by BruinBones
Wed Jun 10, 2020 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to amend Form 8606 (Nondeductible IRAs)?
Replies: 2
Views: 199

Re: How to amend Form 8606 (Nondeductible IRAs)?

I had to send a batch of amended 8606 forms to the IRS because I discovered that my basis was incorrect years ago, and it affected subsequent years. I sent a cover letter briefly explaining the corrections, and highlited in yellow each amended amount on each form. Since no info on each year’s 1040 w...
by BruinBones
Tue Jun 09, 2020 8:27 pm
Forum: Personal Investments
Topic: Vanguard money market fund negative balance- what does that mean?
Replies: 6
Views: 1179

Re: Vanguard money market fund negative balance- what does that mean?

Resolve right away!
My E*Trade account charged me for using margin when my settlement cash account briefly went negative after a trade.
by BruinBones
Tue Jun 09, 2020 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 blues
Replies: 64
Views: 3477

Re: form 8606 blues

Ani wrote:
Tue Jun 09, 2020 8:15 pm

I guess I dont have to amend the returns- as these contributions were never deducted from my income on any of the 1040s.
Correct. No amended returns needed. Just send corrected 8606 forms with explanation letter. :sharebeer
by BruinBones
Tue Jun 09, 2020 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: ID dot ME and Social Security Admin
Replies: 8
Views: 887

Re: ID dot ME and Social Security Admin

I have used ID.me for various purchasing and business sites. It seems to be a secure site, and has verified my identification in 3 different ways.
I have not tried to use it on the Social Security site.
by BruinBones
Tue Jun 09, 2020 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 blues
Replies: 64
Views: 3477

Re: form 8606 blues

I'm not a CPA, but I have read and heard of many CPAs not well-versed in non-deductible IRA, back door Roth IRA, and Form 8606. Fortunately, sites like Bogleheads can educate you. Further, you may send in past non-filed 8606 forms (you can find a copy of each year's on the IRS.gov site and other int...
by BruinBones
Tue Jun 09, 2020 9:09 am
Forum: Personal Consumer Issues
Topic: iPhone XR - Face ID vs. Touch ID?
Replies: 35
Views: 1555

Re: iPhone XR - Face ID vs. Touch ID?

sometimes it does not recognize a face if I'm using my phone in bed/in the dark sometimes it doesn't recognize me if I'm wearing glasses oftentimes if i'm walking with my phone in my hand, if my face comes in the line of sight of my phone and I have a notification the phone, it automatically unlock...
by BruinBones
Tue Jun 09, 2020 7:39 am
Forum: Personal Investments
Topic: Sell ETF before dividend distribution or after?
Replies: 5
Views: 336

Re: Sell ETF before dividend distribution or after?

If you sell that stock on the ex-dividend date, you will still receive the dividend. The price of the stock usually goes down (by the amount of the dividend) on the ex-dividend date (or the next day), but the price probably already rose in response to the amount of dividend that was declared on the ...
by BruinBones
Sun Jun 07, 2020 8:45 pm
Forum: Personal Investments
Topic: What’s your largest single stock fund (active mgd)allocation in 401k?
Replies: 25
Views: 1379

Re: What’s your largest single stock fund (active mgd)allocation in 401k?

bugleheadd wrote:
Sun Jun 07, 2020 5:36 pm
100 % in VIIIX
+1 (Vanguard Institutional Index Fund).
There are a few managed funds offered in which I have no interest.
by BruinBones
Sun Jun 07, 2020 10:22 am
Forum: Personal Investments
Topic: VG Brokerage Acct - Can I Avoid [Automatic Dividend Reinvestment]?
Replies: 4
Views: 496

Re: VG Brokerage Acct - Can I Avoid [Automatic Dividend Reinvestment]?

Login to Vanguard Personal Investors site

My Accounts> Account Maintenance > Automatic Investments > choose your brokerage account > select individual fund to turn on or off divided reinvestment.

(If these steps don’t work, then search “dividend reinvestment” and go from there to turn it off).
by BruinBones
Sat Jun 06, 2020 7:46 pm
Forum: Personal Consumer Issues
Topic: How to sell old iPhones?
Replies: 21
Views: 1316

Re: How to sell old iPhones?

I've used uSell, but Swappa seems to be popular.
by BruinBones
Sat Jun 06, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10545

Re: Girlfriend paying rent

“When my then SO (and now spouse) moved in with me, instead of charging rent my SO paid for internet, cable, utilities, groceries and gas. It just seemed more fair and equitable (also felt that it would be less messy if things did not workout)...” +1. Do you want to be a good landlord or a good boyf...
by BruinBones
Sat Jun 06, 2020 11:29 am
Forum: Investing - Theory, News & General
Topic: June 2020 Distributions
Replies: 7
Views: 1074

Re: June 2020 Distributions

House Blend wrote:
Sat Jun 06, 2020 9:00 am
For Vanguard mutual funds, all the dates are here:
https://advisors.vanguard.com/insights/ ... tributions
Thanks for helpful link to their distribution Table.
by BruinBones
Fri Jun 05, 2020 7:06 pm
Forum: Personal Investments
Topic: TSP Investor: Timed the drop - getting back to normal AA
Replies: 9
Views: 697

Re: TSP Investor: Timed the drop - getting back to normal AA

Is the TSP your only retirement account?
What’s keeping you from adjusting all now?
(certainly not capital gains or taxes)
by BruinBones
Thu Jun 04, 2020 6:10 pm
Forum: Personal Consumer Issues
Topic: Buying a Bike - What Should I Choose?
Replies: 14
Views: 1487

Re: Buying a Bike - What Should I Choose?

Your friend's bike sounds like a decent choice and good price, but if your friend is willing, I would take it to a local bike shop (preferably one that sells Treks) and check with them if the bike fits your body type (ie, torso and legs, not just height) and get an opinion if they think it also fits...
by BruinBones
Thu Jun 04, 2020 6:03 pm
Forum: Personal Investments
Topic: Nervous about market - pay off mortgage instead?
Replies: 71
Views: 4895

Re: Nervous about market - pay off mortgage instead?

If you have more cash than you need for an emergency fund, I think you should put it to work. Paying down/off the mortgage will beat your savings account. And investing it is likely to beat your savings account as well. Neither is really wrong. In most cases, equities probably gives you better retu...
by BruinBones
Thu Jun 04, 2020 5:50 pm
Forum: Personal Investments
Topic: High interest savings account
Replies: 28
Views: 3455

Re: High interest savings account

Quite a few of the on-line high yield savings accounts (like Ally, or Synchrony-which I have) offer what you are describing, but currently Goldman Sachs seems to have a lot quality features while still maintaining a higher APY. <https://www.magnifymoney.com/blog/earning-interest/best-online-savings-...
by BruinBones
Thu Jun 04, 2020 5:31 pm
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 123
Views: 9355

Re: Vanguard vs. Fidelity

If you opt for Fidelity, be sure you stick to the low cost offerings. They have many high cost products and will use them if you let them manage your account. Vanguard has no high cost products and no commissioned salespeople to sell you anything. There have been a few good suggestions given on thi...
by BruinBones
Thu Jun 04, 2020 12:17 pm
Forum: Personal Investments
Topic: Thrift Savings Plan (TSP) - Son leaving the military
Replies: 28
Views: 1441

Re: Thrift Savings Plan (TSP) - Son leaving the military

I think the TSP is worth keeping for two reasons. -access to the G Fund -ability to roll other retirement plans in, even after leaving employment - very few plans offer this and it can be very helpful in some situations +1. Further, there are a lot more, less restrictive, options on what to do with...
by BruinBones
Tue Jun 02, 2020 2:15 pm
Forum: Personal Investments
Topic: How to switch from Betterment to Vanguard (or Fidelity)
Replies: 13
Views: 842

Re: How to switch from Betterment to Vanguard (or Fidelity)

If you check with Fidelity, they are probably offering a transfer bonus for opening an account with them (probably a pretty sizable bonus if you can somehow manage to transfer >$1,000,000 to them). Full disclosure: I have an account at Vanguard, but they offer no such bonus.
by BruinBones
Tue Jun 02, 2020 11:35 am
Forum: Investing - Theory, News & General
Topic: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
Replies: 46
Views: 3902

Re: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé

1. Would it look bad on a resume for a 6 month gap? Gaps in your resume will almost always require an explanation. As another poster commented, it may be a disadvantage for you against other candidates' resumes that have no gaps. 2. Could they think I was just trying to take advantage of the system?...
by BruinBones
Tue Jun 02, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: Managing a foundation portfolio
Replies: 8
Views: 355

Re: Managing a foundation portfolio

For starters with my Donor Advised Fund, I am interested in both preservation and growth, so I am currently 50%/50% split between various bonds and equities. If it grows to a certain level that far exceeds the level of donations I make, I plan to allocate to even more equities and donate more. As me...
by BruinBones
Tue Jun 02, 2020 10:38 am
Forum: Personal Investments
Topic: 401k: to rollover or stay put? expense ratios of funds
Replies: 9
Views: 371

Re: 401k: to rollover or stay put? expense ratios of funds

Whether to transfer is certainly a matter of goals, choices, and ease. One more consideration, depending on amount to roll over, E*Trade might offer you a considerable transfer bonus that might make it worth it for you to roll over. You can ask with a phone call or through their Messaging system.
by BruinBones
Mon Jun 01, 2020 7:18 pm
Forum: Personal Consumer Issues
Topic: How important is a light colored interior for your car in Florida? What about Apple CarPlay?
Replies: 43
Views: 2395

Re: How important is a light colored interior for your car in Florida? What about Apple CarPlay?

I've lived in hot climate in Southern California and in humid climate in southern Virginia, so I dismissed it when my wife, who had been living in Florida, had warned me about dark car interior upon moving to hot & humid Florida. However, I learned that every little bit helps, even those reflective ...
by BruinBones
Mon Jun 01, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Navy Federal CU Certificate Rate Drops
Replies: 3
Views: 780

Re: Navy Federal CU Certificate Rate Drops

As I get closer to retirement (this year), I stuff as much extra cash as I can into the 17-month, 2.25% CD for now.
by BruinBones
Mon Jun 01, 2020 11:43 am
Forum: Personal Investments
Topic: Asset allocation across multiple account types and using M1 Finance auto balancing with multiple account types
Replies: 8
Views: 483

Re: Asset allocation across multiple account types and using M1 Finance auto balancing with multiple account types

Some things for you to consider if you decide to do all from a Vanguard account: 1. Mutual fund/ETF equivalents: VTSMX = VTI, VGTSX = VXUS, VSMSX = VIOO, VBTLX = BND. 2. Do you realize that Total Stock Market already includes all stocks in the Small Cap 600, so you would be tilting (or over weighing...
by BruinBones
Sat May 30, 2020 7:54 pm
Forum: Personal Consumer Issues
Topic: Suggestions for a comfortable desk chair on a budget
Replies: 35
Views: 2078

Re: Suggestions for a comfortable desk chair on a budget

I have used and highly recommend the Markus office chair from Ikea. It is a high back chair with several adjustments and usually sells for about $200, but you can sometimes find it on sale. I believe several ratings sites recommend it as well. I was about to recommend “try before you buy,” because ...
by BruinBones
Sat May 30, 2020 7:42 pm
Forum: Personal Investments
Topic: Worth it to transfer 2 company stocks to E*Trade?
Replies: 12
Views: 838

Re: Worth it to transfer 2 company stocks to E*Trade?

Duckie wrote:
Sat May 30, 2020 4:18 pm

Do you really want to keep them? It's $4000. You could sell them and buy what you do want. Do you have the gifted cost basis for these stocks to lessen the tax-hit?
+1. I would sell and invest as a rebalancing move.
by BruinBones
Sat May 30, 2020 8:03 am
Forum: Personal Consumer Issues
Topic: Necessary to clean the clothes dryer? How? Ticks?
Replies: 17
Views: 1408

Re: Necessary to clean the clothes dryer? How? Ticks?

I don’t know about ticks, but it is fairly easy to clean a clothes dryer if you are handy with tools. It should be done at least once a year if you use your dryer several times a week. A regular vacuum with hose attachment will do. Vacuum out the housing for the lint rack. Unplug the dryer. Then stu...
by BruinBones
Fri May 29, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Employer approval for a side gig
Replies: 43
Views: 2330

Re: Employer approval for a side gig

they did care if you worked in same professional capacity elsewhere or in capacities that interfere with employment undertaken already with the corp. Any side gig is going to interfere with employment undertaken already with the corp. This includes a rental condo or being on the board of a PTA.. IM...
by BruinBones
Fri May 29, 2020 7:10 am
Forum: Personal Investments
Topic: Buying Voo - Robinhood or Vanguard?
Replies: 41
Views: 1749

Re: Buying Voo - Robinhood or Vanguard?

Wow. After reading the explanations here, I'm going to pull my investments from Robinhood and switch to something else (likely Fidelity since I already have a dormant account there). Check to see if Fidelity offers a transfer bonus. (Usually the brokerages, except Vanguard, offer a tiered bonus dep...
by BruinBones
Fri May 29, 2020 7:01 am
Forum: Personal Investments
Topic: need help cleaning up my 401k
Replies: 6
Views: 422

Re: need help cleaning up my 401k

I have found over the years that high expense ratios, especially for asset classes that are smaller percentages, are just not worth it. Find another lower expense fund for your desired asset class in another of your accounts, even if it is taxable, because your overall desired asset allocation for y...
by BruinBones
Fri May 29, 2020 6:46 am
Forum: Personal Investments
Topic: Favorite initial investor Vanguard mutual index fund; VTSAX
Replies: 34
Views: 2494

Re: Favorite initial investor Vanguard mutual index fund; VTSAX

While I hold both, I slightly favor Vanguard S&P 500 Index fund (VFINX, VFIAX) since it was the original, and my first, index fund.
by BruinBones
Fri May 29, 2020 6:39 am
Forum: Personal Investments
Topic: How many funds are TOO many funds & is it a good idea to invest in a newly reopened fund?
Replies: 15
Views: 1148

Re: How many funds are TOO many funds & is it a good idea to invest in a newly reopened fund?

Assuming you mean tax-deferred accounts, retirement accounts are the best accounts to whittle down (to a 3-fund portfolio, for example) because of no tax consequences. You should first determine your risk tolerance and then your desired asset allocation. I used to be tempted by IPO's and newly reope...
by BruinBones
Wed May 27, 2020 11:43 am
Forum: Personal Investments
Topic: What Funds-no more than 3- would you use in retirement.
Replies: 11
Views: 1179

Re: What Funds-no more than 3- would you use in retirement.

I am actually considering option 1 when I am in their situation (but all are reasonable options). Thank you for your response. Why do you consider option 1 over others> Mainly because I already hold them, I'm not interested in buying anything else, and I'm ok with rebalancing on my own. I think tha...