Search found 2959 matches

by megabad
Sat Aug 01, 2020 5:41 pm
Forum: Personal Investments
Topic: Moved to CA...Just Learned about HSA Tax
Replies: 26
Views: 2116

Re: Moved to CA...Just Learned about HSA Tax

Gleevec wrote: Sat Aug 01, 2020 3:23 pm Or just hold your TIPS in your HSA
OP is 28...and already in the right track. Fidelity provides good info as stated by OP. Just use it and keep records and there isn’t a need to limit yourself to treasuries. Especially TIPS.
by megabad
Sat Aug 01, 2020 5:37 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3509

Re: Increasing TSP Fund Expense Ratios

I agree with OP on the in plan Roth conversions. They should be a part of the TSP and all 401k plans. Since the TSP follows the 401k market slowly, I would think TSP would eventually allow this. Maybe when they become ubiquitous in 401ks than TSP will consider. Despite your thoughts, they are still ...
by megabad
Sat Aug 01, 2020 11:40 am
Forum: Investing - Theory, News & General
Topic: Is entrepreneurship anti-Boglehead?
Replies: 41
Views: 2515

Re: Is entrepreneurship anti-Boglehead?

I think entrepreneurship in the narrow definition that you have laid out is perhaps not consistent with the diversity aspect of Bogleheads. This has nothing to do with entrepreneurship as a whole though. You can start a business and still have diverse investments, you just chose not to do it this wa...
by megabad
Sat Aug 01, 2020 11:26 am
Forum: Personal Consumer Issues
Topic: Wasp nest
Replies: 117
Views: 6906

Re: Wasp nest

Seems like a pretty simple problem to me. Just need to find the nest and remove. I only ever use spray to get rid of enough of them for me to get to the nest. If you don’t want to or can’t, I would just hire a pro. If it were me, I would cut back around the entrance point until I could see the nest....
by megabad
Sat Aug 01, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyers: Did you use a broker to help secure a mortgage?
Replies: 20
Views: 1632

Re: Homebuyers: Did you use a broker to help secure a mortgage?

I have used both. 99% of people should not use one in my opinion. Only reason to use one is if you have abnormal situation (ie. Non W2 income, lumpy income, sketchy credit history). There was also one time I used one because I needed a very very fast close and he guaranteed it. I don’t know how he c...
by megabad
Sat Aug 01, 2020 10:56 am
Forum: Personal Consumer Issues
Topic: Does a couple really "need" an SUV?
Replies: 222
Views: 11395

Re: Does a couple really "need" an SUV?

Way back when I bought my first boat I had sedans. I towed that boat all over but had lots of issues on slick boat ramps Wow. You are brave. I guess maybe there are some row boats or canoes that are towable by sedans but anything bigger than that would get you pulled over here (and hopefully anywhe...
by megabad
Sat Aug 01, 2020 10:54 am
Forum: Personal Investments
Topic: Moved to CA...Just Learned about HSA Tax
Replies: 26
Views: 2116

Re: Moved to CA...Just Learned about HSA Tax

I just print the transaction logs and save them. The “statements” don’t show anything really that I need (ie shares and share price). If you contribute every paycheck for a decade this makes it quite a bit more work than my usual taxable account non covered shares calculations because those are less...
by megabad
Sat Aug 01, 2020 10:49 am
Forum: Personal Consumer Issues
Topic: Does a couple really "need" an SUV?
Replies: 222
Views: 11395

Re: Does a couple really "need" an SUV?

Way back when I bought my first boat I had sedans. I towed that boat all over but had lots of issues on slick boat ramps Wow. You are brave. I guess maybe there are some row boats or canoes that are towable by sedans but anything bigger than that would get you pulled over here (and hopefully anywhe...
by megabad
Sat Aug 01, 2020 10:41 am
Forum: Personal Investments
Topic: Moved to CA...Just Learned about HSA Tax
Replies: 26
Views: 2116

Re: Moved to CA...Just Learned about HSA Tax

Serious question: If it’s impossible for the taxpayer to calculate because there are no records, how would the Franchise Tax Board calculate it? Not sure, but for capital gains I would assume the same way the IRS does—assume 0 basis and fully tax everything. You might be better off just guessing bu...
by megabad
Sat Aug 01, 2020 10:39 am
Forum: Personal Investments
Topic: Always learning from this forum--2 questions!
Replies: 5
Views: 948

Re: Always learning from this forum--2 questions!

Hello. Will your marginal tax bracket be abnormally low this year or next in comparison to future years? I assume with the forthcoming SS it might be. If so, I would consider evacuating funds from the 403b first to decrease your eventual RMDs but I would not do so much that would take you into a tax...
by megabad
Sat Aug 01, 2020 10:32 am
Forum: Personal Investments
Topic: Moved to CA...Just Learned about HSA Tax
Replies: 26
Views: 2116

Re: Moved to CA...Just Learned about HSA Tax

Serious question: If it’s impossible for the taxpayer to calculate because there are no records, how would the Franchise Tax Board calculate it? Not sure, but for capital gains I would assume the same way the IRS does—assume 0 basis and fully tax everything. You might be better off just guessing bu...
by megabad
Sat Aug 01, 2020 10:23 am
Forum: Personal Investments
Topic: Moved to CA...Just Learned about HSA Tax
Replies: 26
Views: 2116

Re: Moved to CA...Just Learned about HSA Tax

Serious question: If it’s impossible for the taxpayer to calculate because there are no records, how would the Franchise Tax Board calculate it? Not sure, but for capital gains I would assume the same way the IRS does—assume 0 basis and fully tax everything. You might be better off just guessing bu...
by megabad
Sat Aug 01, 2020 10:22 am
Forum: Personal Consumer Issues
Topic: Home Equity Question
Replies: 23
Views: 1588

Re: Home Equity Question

momvesting wrote: Sat Aug 01, 2020 12:24 am If they are capable of paying it off in 12 months, would a 0% credit card be a better fit than paying interest plus closing costs? That way they could do it on their own as well.
+1 on this. Would be cheaper and cleaner for everyone. Can’t see a reason to not do this.
by megabad
Sat Aug 01, 2020 10:16 am
Forum: Personal Consumer Issues
Topic: First Time Home Buyer / Multi-Family - To Buy Or Not To Buy?
Replies: 21
Views: 1287

Re: First Time Home Buyer / Multi-Family - To Buy Or Not To Buy?

If you are going to live in one of the units in a TriPlex (3 is better) and you can make all the payments and turn a profit without you girlfriend and with one renter missing then great! Be sure at least a 6-8% Minimum “Net“ monthly CAP Rate. IMHO owning on your own and making it happen without you...
by megabad
Sat Aug 01, 2020 10:06 am
Forum: Personal Consumer Issues
Topic: Cyclists...where are you getting your masks?
Replies: 65
Views: 5640

Re: Cyclists...where are you getting your masks?

Just wanted to say, if you’ve never worn a mask while exercising, I might give it a try. I have to wear one in my gym (along with the doors being open, basically no AC, and stay 6 ft apart) and I have found that it makes me feel like I am exercising at altitude which in general makes me feel better ...
by megabad
Sat Aug 01, 2020 9:54 am
Forum: Personal Investments
Topic: Moved to CA...Just Learned about HSA Tax
Replies: 26
Views: 2116

Re: Moved to CA...Just Learned about HSA Tax

Not that hard to track until you change providers. As far as I can tell, no cost basis transfers. And I have no idea what happens when you sell as far as cost basis method but I suspect that would likely get all screwed up as well. I don’t want to scare you because I would still invest essentially e...
by megabad
Sat Aug 01, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3509

Re: Increasing TSP Fund Expense Ratios

Agree with other posters. Doesn’t sound like you understand 401k plans vs the TSP. I have worked for several megacorps with very good 401ks. Overall expense ratio inclusive of admin fees were in the 0.1 range for someone with 100k or so who is in basic index funds. This is on the low end. You would ...
by megabad
Sat Aug 01, 2020 9:31 am
Forum: Personal Consumer Issues
Topic: Does a couple really "need" an SUV?
Replies: 222
Views: 11395

Re: Does a couple really "need" an SUV?

I agree with many of the other posters: 1) If you are older and stiffer, I would get a small crossover for seat height. 2) If you plan on hauling children, I might get a crossover (or better yet a minivan) as the fatality rate is lower (at the cost of you being more deadly to everyone else). 3) If y...
by megabad
Tue Jul 28, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: [First time home buyer - listing agent "made a mistake"]
Replies: 11
Views: 1085

Re: [First time home buyer - listing agent "made a mistake"]

My bet was that it was an honest mistake. In my experience, most real estate agents are not particularly organized (no offense, there are just too many of them out there given the low barrier of entry into the profession). I would say that if something this minor has already caused you this much irr...
by megabad
Tue Jul 28, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: USPS insurance claim.
Replies: 22
Views: 1721

Re: USPS insurance claim.

What are the exact dimensions of the package vs the box? That is how I would convince them I guess but they could blame you for foolishly sending as well I suppose. Although, I don’t agree that a small package of masks would not fit in a small post office box. I know first hand that is not true. Now...
by megabad
Fri Jul 24, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Housing strategy in retirement?
Replies: 8
Views: 774

Re: Housing strategy in retirement?

Gosh I am sort of an old person and I would hate to move to a community full of me.
by megabad
Fri Jul 24, 2020 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: struggling to get a mortgage
Replies: 85
Views: 7665

Re: struggling to get a mortgage

Sounds you have provided an easy answer to your own question. Seems like you could just work for one year, show six figure income on w2 and then get loans. Problem solved. One year isn’t going to kill you. I would actually wait two years so you can just do a primary residence cash out refi and then ...
by megabad
Fri Jul 24, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: This is what I will have. This is what I will need. Tax Advice? while I study BG Wikis
Replies: 25
Views: 1714

Re: This is what I will have. This is what I will need. Tax Advice? while I study BG Wikis

Is there any way I could convince you to draw down the IRA first and postpone Social Security? The 8% increase in benefits per year delayed is very tough to beat in my opinion.
by megabad
Fri Jul 24, 2020 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Odd Inheritance situation
Replies: 12
Views: 1774

Re: Odd Inheritance situation

3-fly up then fly back with guns as checked luggage. The airlines Iimit ammo buy not the number of guns you check. There will be baggage fees for this but is the most economical option in my research (cost of flight + bag fees + locks + carrying cases) This is what I have done in a similar situatio...
by megabad
Fri Jul 24, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why to choose EFT if you can choose free Wire (transfers out of Fidelity)?
Replies: 19
Views: 1522

Re: Why to choose EFT if you can choose free Wire (transfers out of Fidelity)?

It's not scary at all to use modern methods of authentication, electronic communication, and good security practices. Does your account have a good password only used for that site that only you know? Do you use 2FA? Do you have alerts set up for people adding an account or for making transfers out...
by megabad
Thu Jul 23, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Why to choose EFT if you can choose free Wire (transfers out of Fidelity)?
Replies: 19
Views: 1522

Re: Why to choose EFT if you can choose free Wire (transfers out of Fidelity)?

Each took some time to get agent on phone, verify identity, communicate transfer instructions, etc. You could have done this online with few clicks. Really? That’s scary. Surely there is some type of verification? The limited verification is my primary reason for not using wires regularly , but the...
by megabad
Thu Jul 23, 2020 6:42 pm
Forum: Personal Consumer Issues
Topic: Retirement Relocation - Permaculture - Western and Southern Cities
Replies: 49
Views: 3590

Re: Retirement Relocation - Permaculture - Western and Southern Cities

Any particular reason why only Austin in TX? There are much cheaper areas in TX. Any flexibility on the commute? 20 mins will highly increase your real estate costs in most of those regions you list. I think your budget in urban CA might not go as far as you think. I would think rural CA or rural se...
by megabad
Thu Jul 23, 2020 6:29 pm
Forum: Personal Investments
Topic: Questions on Custodial Roth IRA for minor child
Replies: 4
Views: 344

Re: Questions on Custodial Roth IRA for minor child

Remember that you will need to have records of all income and it must be an acceptable situation (ie not mom and dad compensation for chores). In my opinion, I wouldn’t bother at 300 bucks. I would just throw it in the UTMA/UGMA taxable account in an index total market ETF and be done with it.
by megabad
Thu Jul 23, 2020 6:12 pm
Forum: Personal Consumer Issues
Topic: Career / education Choices— Which Way to Go?
Replies: 6
Views: 772

Re: Career / education Choices— Which Way to Go?

If the degree programs you laid out, Not an expert in this field but I would say that getting an MBA via part time night school at an instate public school would very likely be the route with the best financial outcome (if that gets you where you want). This way you could work full time while you pu...
by megabad
Thu Jul 23, 2020 6:03 pm
Forum: Personal Consumer Issues
Topic: First time homebuyer - things to keep in mind
Replies: 31
Views: 2443

Re: First time homebuyer - things to keep in mind

Work with a good buyers agent (buyers only) if this is your first house. There usually aren’t many for each area and you should be able to find someone who can refer you to the top agents. Don’t sign a long term contract though. Work in terms of numbers, not feeling. The most common mistake I see is...
by megabad
Thu Jul 23, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House with Elderly Parent: Many Questions...
Replies: 39
Views: 2321

Re: Buying a House with Elderly Parent: Many Questions...

Broken Man 1999 wrote: Wed Jul 22, 2020 7:48 pm I think this situation screams rent an apartment!
I actually agree with this if father is amenable to it (that is a big if). That way it would be a much simpler process if he wanted to move back to NJ.
by megabad
Thu Jul 23, 2020 5:27 pm
Forum: Personal Investments
Topic: Fixed Rate Annuity
Replies: 20
Views: 1530

Re: Fixed Rate Annuity

I would just say the key with annuities is to read every single word very very carefully. So the major pro CD point for me is that purchasing a CD would take me approx 30 seconds. Purchasing an annuity would likely take me 500-1000 times longer to review the terms. And the insurance company will not...
by megabad
Thu Jul 23, 2020 5:20 pm
Forum: Personal Consumer Issues
Topic: Mortgage broker won't lock the rate
Replies: 22
Views: 1807

Re: Mortgage broker won't lock the rate

Who is the customer here? He can lock the rate or shove it and lose your business. You don’t need a broker anyway. And I also agree with your skepticism of taking any suggestion from realtor. His/her opinions should have little bearing on this decision. I always lock once I am in the closing process...
by megabad
Thu Jul 23, 2020 5:12 pm
Forum: Personal Consumer Issues
Topic: How dead is dead? (USPS mail)
Replies: 60
Views: 6667

Re: How dead is dead? (USPS mail)

Point of reference, I have a deceased relative for whom I forwarded all mail when she went into a home many years ago. She has been deceased for a while (more than a decade) and I still get junk mail with her name on it. I also still get junk mail for her husband who has been dead for more than 30 y...
by megabad
Thu Jul 23, 2020 4:58 pm
Forum: Personal Investments
Topic: Fixed Rate Annuity
Replies: 20
Views: 1530

Re: Fixed Rate Annuity

Are you over 59.5?
by megabad
Thu Jul 23, 2020 4:51 pm
Forum: Investing - Theory, News & General
Topic: WSJ column - "No such thing as conflict-free advice"
Replies: 24
Views: 2085

Re: WSJ column - "No such thing as conflict-free advice"

Article seems fine to me. The conclusion I draw is that AUM fees are a foolish method of compensation. Seems like there is an easy fix to his particular complaints. My issue is that he identifies the wrong problem with AUM advisors and then proposes the wrong solution (look for 1% AUM fee advisors ...
by megabad
Thu Jul 23, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: When to self insure for things like cars? (prefer mathematical model)
Replies: 91
Views: 6600

Re: When to self insure for things like cars? (prefer mathematical model)

Since it doesn’t seem like a bunch of folks are considering this, be aware that every time you have a claim it gets noted in your file and has a very high chance of affecting your premiums. If you hold comprehensive thinking you can just use it to replace your windshield a couple times and get your ...
by megabad
Thu Jul 23, 2020 3:47 pm
Forum: Investing - Theory, News & General
Topic: WSJ column - "No such thing as conflict-free advice"
Replies: 24
Views: 2085

Re: WSJ column - "No such thing as conflict-free advice"

Article seems fine to me. The conclusion I draw is that AUM fees are a foolish method of compensation. Seems like there is an easy fix to his particular complaints.
by megabad
Thu Jul 23, 2020 3:41 pm
Forum: Personal Investments
Topic: Bonds worth it?
Replies: 137
Views: 9021

Re: Bonds worth it?

I think if you are wondering if bonds are “worth it” simply due to current yields, you should re examine your investment fundamentals. I hope you draw the conclusion that current yields shouldn’t have any weight in their “worthiness” of inclusion in your overall investment plan. I do agree that TIPS...
by megabad
Thu Jul 23, 2020 3:29 pm
Forum: Investing - Theory, News & General
Topic: Your thoughts on negative interest rates
Replies: 162
Views: 6527

Re: Your thoughts on negative interest rates

I think low rates will cause (and have already caused) the average investor (retail and portfolio) to extend further out on the credit risk and duration curve (up to and including switching bond holdings to equity). I do not agree that low nominal interest rates are a “slap in the face” for anyone. ...
by megabad
Thu Jul 23, 2020 3:10 pm
Forum: Personal Consumer Issues
Topic: 24 Hour Drive Time w/ Two Young Kids: What Kind of Car
Replies: 101
Views: 5117

Re: 24 Hour Drive Time w/ Two Young Kids: What Kind of Car

I would go minivan or low ground clearance SUV (crossover). I would avoid trucks, sedans and full sized SUVs. Just for the safety benefits. Not a strong preference though in my opinion. Any of them will have room unless you have a crazy amount of luggage. And you will have to stop every couple of ho...
by megabad
Thu Jul 23, 2020 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning docs
Replies: 23
Views: 1523

Re: Estate Planning docs

That is the going rate for the “will mill” attorneys in my area. I live in a MCOL city. Other views may be for HCOL though not sure. I assume anything with the word “assistance” in front of it means nothing in lawyer speak.
by megabad
Thu Jul 23, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: When to self insure for things like cars? (prefer mathematical model)
Replies: 91
Views: 6600

Re: When to self insure for things like cars? (prefer mathematical model)

I never saw much reason for collision coverage regardless of net worth. The only reason to have it I can think of is to appease your lender. Um, what ? Most Americans can't come up with a grand much less (insert how much your car is worth). If you have a loan on an automobile those #'s go up. The f...
by megabad
Thu Jul 23, 2020 4:38 am
Forum: Personal Investments
Topic: tax drag of active fund
Replies: 4
Views: 440

Re: tax drag of active fund

Take the sum of the fund distributions that are not long term capital gains or QDI and multiply by 12%.
by megabad
Thu Jul 23, 2020 4:27 am
Forum: Personal Consumer Issues
Topic: Mosquitos! Mosquitos! Mosquitos!
Replies: 124
Views: 9075

Re: Mosquitos! Mosquitos! Mosquitos!

Take up smoking cigars. I smoke giant Nicaraguans in the summer and puff until I can get a good plume off the end. Never get a bite. Friends used to hate it until I told them why I smoke them and now everyone huddles around me on summer evenings. Really helps when I go fishing too. Other than that, ...
by megabad
Thu Jul 23, 2020 4:17 am
Forum: Personal Finance (Not Investing)
Topic: When to self insure for things like cars? (prefer mathematical model)
Replies: 91
Views: 6600

Re: When to self insure for things like cars? (prefer mathematical model)

I never saw much reason for collision coverage regardless of net worth. The only reason to have it I can think of is to appease your lender.
by megabad
Thu Jul 23, 2020 4:08 am
Forum: Personal Consumer Issues
Topic: Who's tested for Radon? Who's mitigated?
Replies: 29
Views: 1939

Re: Who's tested for Radon? Who's mitigated?

In our area, if you have a basement (finished and unfinished), you have it tested. Any inspector will just automatically check the box for recommend testing with a basement. Basically any home with a basement and sold within last 10 years already has a “remediation” system. Other than that, I have n...
by megabad
Tue Jul 21, 2020 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help thinking through large purchase
Replies: 8
Views: 765

Re: Help thinking through large purchase

Yo. You and husband are legit professional musicians with talent. I would easily spend 18k to exercise something that was that big of a part of me, especially with a child around. Add to that the fact that 2 attorneys are probably not making pocket change and I think you are ok. I can’t imagine tell...
by megabad
Tue Jul 21, 2020 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating State of TX Pension Service Time Purchase (4 months for $8,000)
Replies: 12
Views: 1076

Re: Evaluating State of TX Pension Service Time Purchase (4 months for $8,000)

What is the reason for doing this now? The calculation becomes much easier when you are closer to retirement.
by megabad
Tue Jul 21, 2020 5:12 pm
Forum: Personal Investments
Topic: Switch to different fund? [for my kids]
Replies: 10
Views: 476

Re: Switch to different fund? [for my kids]

I would move the money into a 529 and choose an appropriate age based option if the money is for college.