Search found 37 matches

by BruinBones
Mon Dec 02, 2019 12:54 pm
Forum: Personal Consumer Issues
Topic: Best deal for used car
Replies: 28
Views: 3527

Re: Best deal for used car

Although Carmax gives you low KBB value, it is a straightforward, no hassle, no haggle, immediate transaction. Ideal for someone who would like to expedite things without delay, such as you describe. I sold my Mercedes to them last month. I think Carmax is good for selling, but not for buying.
by BruinBones
Wed Nov 27, 2019 8:36 pm
Forum: Personal Consumer Issues
Topic: Garage ceiling bike storage
Replies: 29
Views: 3092

Re: Garage ceiling bike storage

<https://www.performancebike.com/transit-bikes-aloft-2-bike-storage-rack-xr810-40-4474-non-non/p932678> <https://images.amain.com/images/large/bikes/transit/40-4474-non-non.jpg?width=950> I can hang 2 adult bikes and one child’s bike easily on this upright bike storage stand from Performance. Space ...
by BruinBones
Mon Sep 30, 2019 2:07 pm
Forum: Personal Investments
Topic: Approximate Total Stock Market - 457b PDSIX and DISSX
Replies: 7
Views: 611

Re: Approximate Total Stock Market - 457b PDSIX and DISSX

Those expense ratios aren't doing her many favors! In her position, (without having run numbers) I'd lean toward 100% PDSIX and follow your plan to grab other desired allocation outside the plan. It's never fun forgoing mid- and small-cap, but it's also not fun paying high expense ratios and large ...
by BruinBones
Mon Sep 30, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: How can I reduce tax exposure?
Replies: 14
Views: 1624

Re: How can I reduce tax exposure?

I was in a very similar situation as yours retiring from the military. Good answers so far. Here is my advice based on my experience: - converting all of your TSP to G-fund will get you close to your goal of 20% Bonds - remainder of bond balance can be in your mixed funds if you choose to continue t...
by BruinBones
Mon Sep 30, 2019 11:51 am
Forum: Personal Investments
Topic: TSP: Moving out of G Fund to F?
Replies: 49
Views: 3564

Re: TSP: Moving out of G Fund to F?

Nobody knows the future - both are good fixed income funds. The F fund has performed better in the past but is not without its risks (especially if interest rates rise). The G fund is “safe” but you pay a premium on it with lower returns. Personally, I keep it 50:50 for G:F funds. Then, if I dwell ...
by BruinBones
Mon Feb 18, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Document Tracking
Replies: 3
Views: 393

Re: HSA Document Tracking

My HSA provider has a file for uploading scanned copies of receipts. That way you can pull them at any time for reimbursement. If your provider does not have that, I recommend you keep scanned copies in two different places (e.g., thumb drive, cloud based storage) for same purpose.
by BruinBones
Tue Feb 05, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Pen Fed CU on-line 1099-INT format differs from mailed version
Replies: 1
Views: 256

Re: Pen Fed CU on-line 1099-INT format differs from mailed version

Navy Federal Credit Union has been sending Combined 1099-INT for as long as I can remember.
by BruinBones
Sun Jan 27, 2019 8:01 pm
Forum: Investing - Theory, News & General
Topic: What was your first Vanguard fund or ETF?
Replies: 72
Views: 5323

Re: What was your first Vanguard fund or ETF?

VOO (S&P 500) for my first IRA in 1998.
Thank you, Mr. Bogle.
by BruinBones
Sat Jan 26, 2019 7:32 pm
Forum: Personal Investments
Topic: Where to invest $200K in Roth just moved to Vanguard
Replies: 4
Views: 562

Re: Where to invest $200K in Roth just moved to Vanguard

A member previously posted this useful link from the Vanguard site that lets you find Vanguard funds similar to another family's:
<https://personal.vanguard.com/us/funds/ ... ilyId=6155>
by BruinBones
Fri Jan 25, 2019 6:59 pm
Forum: Personal Consumer Issues
Topic: Trip insurance: claims experience?
Replies: 10
Views: 824

Re: Trip insurance: claims experience?

Situation: 82 yo purchases $450 trip to see grandchildren. In ensuing months, 82yo develops heart condition to the point surgery is required and doctor says 82yo cannot fly. Doctor provides a note to 82yo, who sends note along with a one-page claim form to Allianz trip insurance. Claim is adjudicat...
by BruinBones
Wed Jan 16, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Account Interest
Replies: 4
Views: 1100

Re: Savings Account Interest

You should approach it as maximizing your Roth IRA with whatever cash you have. If you need to contribute to your Roth IRA monthly with dollar cost averaging, then some of the contribution may need to come from your savings account regardless of how much interest you earn.
by BruinBones
Wed Jan 16, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best kids savings account
Replies: 22
Views: 2320

Re: Best kids savings account

We literally just opened up savings accounts with our kids. We choose a local credit union that offered kids accounts that included a $20/yr rebate of kids activity fees (ie swimming lessons). The interest rate on the account is abysmal but they are 5 and 7 so it was more important to find somethin...
by BruinBones
Wed Jan 16, 2019 7:25 pm
Forum: Personal Investments
Topic: Bond Allocation
Replies: 15
Views: 1420

Re: Bond Allocation

I like where you are with your allocations. I hold all of my bond funds in TSP G fund - it has no market risk (you never lose your principal) and very little credit risk, while typically outpacing inflation. Also, the C and S funds should be rebalance in a 4:1 ratio to better replicate a total stock...
by BruinBones
Wed Jan 02, 2019 7:12 pm
Forum: Personal Investments
Topic: Should I contribute to 457b on top of 403b?
Replies: 5
Views: 427

Re: Should I contribute to 457b on top of 403b?

Here is a link from the White Coat Investor of one of the best explanations I have heard on 457b for health care workers:
<https://www.whitecoatinvestor.com/shoul ... your-457b/>
by BruinBones
Fri Dec 28, 2018 11:27 am
Forum: Personal Investments
Topic: 457(b) Questions
Replies: 3
Views: 316

Re: 457(b) Questions

Your concern about the solvency of your organization is one of the biggest risks of a NG 457(b). I work for one of the largest hospital systems in the US, so I am comfortable contributing to my 457(b) - planning to withdraw over 5 years as soon as I leave the company. However, I would pass on contri...
by BruinBones
Wed Dec 19, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1315
Views: 148644

Re: What frugal thing did you do today?

Changed both headlight bulbs in my car. The indicator warning said the left one needed changing, but it stands to reason that the right one would soon need it also. Bulbs are pretty cheap at Auto Parts store. YouTube lesson taught me how, since I like tinkering.
by BruinBones
Wed Dec 19, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Question for IRS workers or Accountants [IRS did not process Form 8606]
Replies: 12
Views: 943

Re: Question for IRS workers or Accountants [IRS did not process Form 8606]

Than you for all of the replies to my original post. I was unsure what to expect, but since the IRS website has a link for "Where's my amended return" and the link tells me the forms were not processed and to call them, I expected an answer more than just "I can't find those forms you sent in so you...
by BruinBones
Tue Dec 18, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Question for IRS workers or Accountants [IRS did not process Form 8606]
Replies: 12
Views: 943

Re: Question for IRS workers or Accountants

If you sent in the corrected 8606 Forms solely to make corrections to IRA basis, and there was no resulting tax change to any year, then what specific action are you expecting from the IRS? Thank you for your question. I was hoping for confirmation that corrected cost bases were recorded. Won't the...
by BruinBones
Tue Dec 18, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Question for IRS workers or Accountants [IRS did not process Form 8606]
Replies: 12
Views: 943

Re: Question for IRS workers or Accountants

Could the Moderator please move this post to the Personal Finance Forum?
Thanks.
by BruinBones
Tue Dec 18, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Question for IRS workers or Accountants [IRS did not process Form 8606]
Replies: 12
Views: 943

Question for IRS workers or Accountants [IRS did not process Form 8606]

I recently sent multiple corrected Forms 8606 to the IRS when I discovered that some of my earlier years' bases were reported incorrectly, thus effecting subsequent years totals. I sent them certified mail with a half page lettter of explanation. I received the certified receipt back in the mail, an...
by BruinBones
Tue Dec 18, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: Disney/Univ Studio in Spring Break - is it crowded?
Replies: 48
Views: 2095

Re: Disney/Univ Studio in Spring Break - is it crowded?

There is a lot of good advice here. We went to Disney World many times, but never during the typical school break periods. If you have to go during Spring Break, I also recommend staying at a Disney resort for early Magic hours. After spending about 3 or 4 hours in the morning at one of the parks, I...
by BruinBones
Tue Oct 09, 2018 10:09 am
Forum: Personal Investments
Topic: NFCU and PenFed CU offering 24-mo CDs at 3% APY
Replies: 4
Views: 879

Re: NFCU and PenFed CU offering 24-mo CDs at 3% APY

PenFed 2-yr rate was up to 3% APY last week, now back down to 2.7% this week.

NFCU is a new special offer:
<https://www.navyfederal.org/products-se ... -rates.php>
by BruinBones
Mon Oct 08, 2018 9:26 pm
Forum: Personal Investments
Topic: Rolling INTO TSP? [Thrift Savings Plan]
Replies: 12
Views: 1510

Re: Rolling INTO TSP? [Thrift Savings Plan]

By all means transfer your IRA to TSP. I did it earlier this year. It takes about 10 days to see the transfer online after submitting the forms so don't despair.
Maybe your are just asking the difference between G and F funds? (There has been alot written on that).
by BruinBones
Mon Oct 08, 2018 9:15 pm
Forum: Personal Investments
Topic: Transferring From 401k to TSP - Rebalancing to Lower Expense Ratios
Replies: 4
Views: 484

Re: Transferring From 401k to TSP - Rebalancing to Lower Expense Ratios

You might want to consider transferring your Traditional IRA to the TSP and then rebalance your overall portfolio with TSP reallocations. Reducing your T-IRA to $0 with this transfer would also facilitate future back door Roth IRA transfers if you wanted to do that, too.
by BruinBones
Mon Oct 08, 2018 9:02 pm
Forum: Personal Investments
Topic: Rebalance Now, Sell Stock Next Year Due to Tax Consequences
Replies: 13
Views: 1426

Re: Rebalance Now, Sell Stock Next Year Due to Tax Consequences

You don't have to close out your 457. Consider your 457 and IRA(s) as one large tax advantage account and sell $100,000 total in 80:20 stock:bond ratio and buy into cash equivalents (such as short term bond or MMF) within your 457 and IRA. You are not removing, closing, or rolling over between accou...
by BruinBones
Mon Oct 08, 2018 8:24 pm
Forum: Personal Investments
Topic: NFCU and PenFed CU offering 24-mo CDs at 3% APY
Replies: 4
Views: 879

NFCU and PenFed CU offering 24-mo CDs at 3% APY

Rise in interest rates have kicked in new higher CD rates at these two well-established institutions. 2.96% dividend rate. 10k minimum.
by BruinBones
Wed Sep 12, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: backdoor Roth conversion - is this is correct?
Replies: 12
Views: 1091

Re: backdoor Roth conversion - is this is correct?

Wouldn't converting the basis of the non deductible tIRA contributions to the Roth-IRA first, followed by rolling over the remaining tIRA value to his TSP second, avoid accruing any of the smallish taxable amount of the conversion? (As long as both are done well before the end of the year).
by BruinBones
Wed Jun 20, 2018 10:07 am
Forum: Investing - Theory, News & General
Topic: Expanded commission-free ETFs at Etrade
Replies: 11
Views: 1260

E*Trade eliminates commissions on ETFs

[Thread merged into here, see below. --admin LadyGeek]

Glad to see that E*Trade is making ETFs commission free, including VTI, etc.

<https://finance.yahoo.com/news/e-trade- ... rc=applewf>
by BruinBones
Sat May 26, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Heart rate monitor
Replies: 12
Views: 1909

Re: Heart rate monitor

I got the FitBit Blaze at a 40% discount (total cost $105) through my work wellness program.
I've used Polar, Garmin, and many others in the past and really like this one.
by BruinBones
Tue May 22, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Year End Tax Forms
Replies: 7
Views: 1005

Re: Vanguard Year End Tax Forms

Good Listener wrote:
Sat May 19, 2018 7:42 pm
I just downloaded the 2017 form 5498 to my computer and saved it on Dropbox and Google drive along with all my 2017 forms. Why not just save the files digitally forever?
Agreed. Just keep digital copies as far back as you have access.
by BruinBones
Fri May 04, 2018 4:56 pm
Forum: Personal Investments
Topic: Navy Federal Credit Union CDs
Replies: 8
Views: 1416

Re: Navy Federal Credit Union CDs

Why not put $3k in the 12-month CD, and the other $9k into stocks and bonds per you Investment Policy Statement?
by BruinBones
Fri May 04, 2018 4:40 pm
Forum: Personal Investments
Topic: Vanguard Target retirement funds
Replies: 28
Views: 7036

Re: Vanguard Target retirement funds

I am similar age as you, and am starting to transition to Life Strategy Fund, to get the AA percentage I want, and to make it easier for my spouse to handle if I died first, since she does not like dealing with our investments.
by BruinBones
Thu Apr 26, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: IRS announces relief for HSA contribution limit error
Replies: 7
Views: 1533

Re: IRS announces relief for HSA contribution limit error

My HSA made it pretty easy for my monthly contributions to adjust to $6850.
Here's hoping it is just as easy to adjust back.
by BruinBones
Wed Apr 25, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Did not deduct SEP-IRA contribution
Replies: 3
Views: 713

Re: Did not deduct SEP-IRA contribution

Thank you. I did not know about 404(a). In your opinion, if I don't submit 1040X and just rollover my whole SEP-IRA into my 401k (which does accept IRAs), that it will just be taxed again upon withdrawal?
by BruinBones
Tue Apr 24, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Did not deduct SEP-IRA contribution
Replies: 3
Views: 713

Did not deduct SEP-IRA contribution

2-year reader, 2nd time poster. In 2015 I had both W-2 ($150,000) and 1099 ($65,000) income. I contributed $5500 to my tIRA, non-deductible as usual for my high income. (I was not familiar with backdoor Roth IRA conversions at the time). In March of 2016 I opened a SEP-IRA and made a $10,000 contrib...
by BruinBones
Mon Apr 23, 2018 5:46 pm
Forum: Personal Investments
Topic: Guidance with Stock Options
Replies: 5
Views: 1209

Re: Guidance with Stock Options

Thank you, MathIsMyWayr, for the explanations of value.
Thanks, Senex, for the example of taxation the option is exercised.
Thanks, Valuethinker, for the advice on holding.
by BruinBones
Sun Apr 22, 2018 5:44 pm
Forum: Personal Investments
Topic: Guidance with Stock Options
Replies: 5
Views: 1209

Guidance with Stock Options

First time poster, long time reader. I respect and adopt many of the principles espoused on this forum. I have no previous experience with stock options. Last year I served a one year writing fellowship with a website company. Upon completion of the fellowship, I was granted non-qualified stock opti...