Search found 21 matches

by MDCrab
Sat Jun 20, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Learning how to do your own taxes?
Replies: 48
Views: 2652

Re: Learning how to do your own taxes?

Tax software is great, but if you want to learn, read the rules on the IRS website. Surprisingly, most of it is written in normal English with examples to help you understand. If you have time, do it by hand and compare to what the tax software spits out.
by MDCrab
Sun Feb 16, 2020 9:25 pm
Forum: Investing - Theory, News & General
Topic: [Should I make my 2019 Roth contribution now or wait?]
Replies: 11
Views: 902

Re: [Should I make my 2019 Roth contribution now or wait?]

Put the money in now. An IRA is like a garage. You can move things once inside. If you’re truly uncomfortable buying equities now, you can buy something more conservative and rebalance later. But since this is a long term investment anyway, don’t stress over 2% fluctuations.
by MDCrab
Fri Jan 17, 2020 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Life advice for recent graduate
Replies: 67
Views: 5081

Re: Life advice for recent graduate

1. Read books 2. Write things down (your thoughts, your experiences) 3. Take photos (most young people don’t have a problem with this :wink: ) 4. Keep #2 and #3 off the Internet 5. Don’t take debt you don’t have a definite plan to repay 6. Save 20% of your income—pay yourself first 7. Don’t waste mo...
by MDCrab
Sun Mar 17, 2019 12:50 pm
Forum: Personal Consumer Issues
Topic: Paris - Is It Safe?
Replies: 143
Views: 10692

Re: Paris - Is It Safe?

Paris is fine. I was there during the protests last month. They’re only on Saturdays and they’re confined to one area. If you want to go, go.
by MDCrab
Mon Feb 25, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Who does their own taxes?
Replies: 111
Views: 8469

Re: Who does their own taxes?

quantAndHold wrote:
Mon Feb 25, 2019 3:27 pm
ddurrett896 wrote:
Sun Feb 24, 2019 8:22 pm
Does anyone do their tax with a rental? I get hesistant because of depreciation, etc and don’t want to miss something.

Paid $430 this year.
TurboTax handles rentals just fine.
I’ve used TaxSlayer for about 7 or 8 years now. I have a rental and it wasn’t difficult.
by MDCrab
Fri Dec 21, 2018 9:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19269
Views: 2675691

Re: U.S. stocks in free fall

Cue the cliches... The bull reluctantly climbs the stairs. The bear jumps out the window. This might be my first bear market as an investor. Is it weird that I’m a little bit excited? Probably because of all the posting bravado you read here recently where posters were hoping for a fall so they cou...
by MDCrab
Fri Dec 21, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 11111

Re: When did the musicians on the titanic realize their fate?

This is a terrible analogy. People died on the Titanic. The market equivalent of the Titanic would be the collapse of our financial system and there’s no evidence that’s happening right now. This isn’t the Titanic, it’s a little bit of sea sickness.
by MDCrab
Fri Dec 21, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19269
Views: 2675691

Re: U.S. stocks in free fall

Expro wrote:
Fri Dec 21, 2018 3:49 pm
Cue the cliches...

The bull reluctantly climbs the stairs. The bear jumps out the window.
This might be my first bear market as an investor. Is it weird that I’m a little bit excited?
by MDCrab
Wed Dec 19, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19269
Views: 2675691

Re: U.S. stocks in free fall

I'm not the trading expert, but the fact that the market is not able to snap back after the recent losses is a very bearish sign... and the magnitude of the losses today after the expected rate hike is even more worrying. For those of you who keep talking about "loading up the truck" you may want t...
by MDCrab
Thu Dec 06, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 135
Views: 21198

Re: The S&P 500 Goes Supernova

I don’t mind looking at historical data, but artibrary endpoints teach me nothing. Why would anyone give value to what happened from 2000-09? Why not from 1999-2008 or 2001-10? It’s the same difference.
by MDCrab
Tue Nov 20, 2018 10:37 am
Forum: Personal Investments
Topic: Can someone explain what's going on [with the stock market]?
Replies: 96
Views: 14030

Re: Can someone explain what's going on [with the stock market]?

I won’t retire for another 20 years. I’m happy stocks are on sale right now. I bought this morning.
by MDCrab
Sun Nov 11, 2018 8:21 am
Forum: Investing - Theory, News & General
Topic: USAA getting out of mutual fund biz
Replies: 51
Views: 10830

Re: USAA getting out of mutual fund biz

I have USAA for insurance, which is great. I have USAA for banking, which is also great. And I have a USAA brockerage, which mostly holds commission-free Fidelity funds. I don’t see any reason to change any of that.
by MDCrab
Wed Oct 31, 2018 12:09 pm
Forum: Personal Investments
Topic: Easy retirement income method.
Replies: 20
Views: 4120

Re: Easy retirement income method.

Isn’t taking dividends at regular intervals just a form of dollar cost averaging?
by MDCrab
Fri Jul 13, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Which brokerage is best for backdoor Roth
Replies: 18
Views: 2836

Re: Which brokerage is best for backdoor Roth

I did it with Vanguard this year. Only a few minutes. No phone calls. No paperwork.
by MDCrab
Thu Jun 21, 2018 4:54 pm
Forum: Personal Investments
Topic: Age 30 portfolio review
Replies: 4
Views: 1112

Re: Age 30 portfolio review

I would take the 1k you are putting in a taxable and max out your IRA (you'll likely have to use a backdoor Roth because of your income) and then switch to 401k once you hit the IRA limit. Are there short term or intermediate term savings goals preventing you from doing that?
by MDCrab
Mon May 28, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: What to do after maxing retirement contributions?
Replies: 31
Views: 4148

Re: What to do after maxing retirement contributions?

Don't overthink it. Open a Vanguard/Schwab/Fidelity brokerage account and go 2/3 total market index fund and 1/3 international index fund. Maybe buy a few tax exempt bond funds if you think you might want some of the money in a few years.
by MDCrab
Sat May 19, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: Nephew graduating high school & joining military. Gift Ideas?
Replies: 29
Views: 2133

Re: Nephew graduating high school & joining military. Gift Ideas?

I agree that cash is probably what he'll appreciate most. If you absolutely can't stomach that, maybe a Netflix or Amazon gift card. If you get a restaurant gift card, make sure that brand of restaurant has a branch near the base he's going to. I'd avoid any tangible items. He'll be packing light fo...
by MDCrab
Fri May 18, 2018 9:58 am
Forum: Personal Investments
Topic: Medically Retired at Age 30 [Saving for Retirement - 100% Disabled Vet]
Replies: 20
Views: 4208

Re: Medically Retired at Age 30 [Saving for Retirement - 100% Disabled Vet]

Living with your parents may save some money, but don't sell your education short. Look around the country and go to the best possible school. The GI Bill is a lottery ticket. They pay your housing, books, and probably 100% tuition. Even many private schools participate in the yellow ribbon program,...
by MDCrab
Thu May 17, 2018 3:10 pm
Forum: Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 45
Views: 5775

Re: Do I pay towards my mortgage or invest?

I like diversification. And since I already have a decent amount of equity in my home, I'd put the money in the market. 3.875 isn't a bad rate and I could probably beat that in equity returns over time. The other option is to put money into the home through renovations. A deck in nice, but you get m...
by MDCrab
Thu May 17, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 756
Views: 65815

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Practice tax diversification. I am 30 years away from retirement. I have no idea what my tax bracket will be in 2048 and I don't know what my annual income will be because I don't know how fast my taxable portfolio will gain. If you're also that far away, give yourself the option of a pre-tax and Ro...
by MDCrab
Thu May 10, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 7275

Re: Mortgage question: 20% down or larger down payment?

Diversification is key. You can put all your savings in the down payment, which will seriously lower your monthly interest payments. But then too much of your net worth may be tied to the real estate market. That can be risky. In today's interest rate market, every extra dollar in your down payment ...