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by Triple digit golfer
Mon Jan 21, 2019 4:35 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 107
Views: 5448

Re: Grocery shopping strategy

My groceries come from a mixture of farmers markets (from April to November), Whole Foods, Safeway, and several neighborhood specialty stores. Yes, it's similar to holding individual stocks (which I would never do), but it works for me. All of them are within one mile from home, and I know which pr...
by Triple digit golfer
Mon Jan 21, 2019 12:17 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 107
Views: 5448

Re: Grocery shopping strategy

I have no desire to plan meals around sales and so on. If I care to try to save money, I think taking the time to list everything we buy (probably 50-60 items if I had to guess, and probably half of those make up 80% of the spending) and pricing them at both Walmart and Aldi is the best bet. Make a...
by Triple digit golfer
Sun Jan 20, 2019 8:49 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 107
Views: 5448

Re: Grocery shopping strategy

Has anyone ever watched those coupon shows where the folks leave the store for pennies with shopping carts? Insane. Carts full of stuff they won't use in a lifetime! A lot of the over-purchasing on that show was done for effect. A lot of the product purchased was often donated to a food pantry or s...
by Triple digit golfer
Sun Jan 20, 2019 8:19 pm
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 122
Views: 5294

Re: Paying thousands per ticket to attend the NFL Super Bowl?

No. I love sitting in my climate controlled living room with my family and delicious snacks like those party meatballs and some sort of little hot dog wrapped in bacon. Plus, I have to work the next morning. I enjoy being in bed about 2 minutes after the game ends.

I'm 33 going on 80.
by Triple digit golfer
Sun Jan 20, 2019 5:43 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 107
Views: 5448

Re: Grocery shopping strategy

Since you shop at Wal-Mart, use their phone app with the "savings catcher". It usually credits me with about 3% to be used on the next purchase. Thanks. Very cool! I just downloaded the app. Do you just scan the code with your phone and it charges your linked card? Then submit the e-receipt to savi...
by Triple digit golfer
Sun Jan 20, 2019 5:32 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 107
Views: 5448

Re: Grocery shopping strategy

abuss368 wrote:
Sun Jan 20, 2019 5:14 pm
Has anyone ever watched those coupon shows where the folks leave the store for pennies with shopping carts? Insane.
Carts full of stuff they won't use in a lifetime!
by Triple digit golfer
Sun Jan 20, 2019 4:30 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 107
Views: 5448

Re: Grocery shopping strategy

A lot depends on what you buy, and your area, but consider that visiting multiple grocery stores mean additional time, and that's a cost to be borne, too. If I were looking to cut back the grocery bill and already shopping at a discounted place like Walmart, I'd be looking more at the kind of thing...
by Triple digit golfer
Sun Jan 20, 2019 4:18 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 107
Views: 5448

Re: Grocery shopping strategy

I have no desire to plan meals around sales and so on. If I care to try to save money, I think taking the time to list everything we buy (probably 50-60 items if I had to guess, and probably half of those make up 80% of the spending) and pricing them at both Walmart and Aldi is the best bet. Make an...
by Triple digit golfer
Sun Jan 20, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 107
Views: 5448

Re: Grocery shopping strategy

adamthesmythe wrote:
Sun Jan 20, 2019 3:40 pm
I have never thought of getting groceries at Walmart. I prefer a full-service grocery store with more variety and (I suspect) more fresh meat/ fish turnover.
Our Walmart is a Walmart Supercenter. Full service grocery, deli, bakery, etc.
by Triple digit golfer
Sun Jan 20, 2019 3:27 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 107
Views: 5448

Grocery shopping strategy

Generally we buy all of our groceries and disposable at Walmart. We don't clip coupons or go to different stores for different things that may be on sale. We also don't belong to Costco or Sam's Club or go to a discount store like Aldi. Wondering if we're selling ourselves short. On one hand, we can...
by Triple digit golfer
Sun Jan 20, 2019 7:47 am
Forum: Investing - Theory, News & General
Topic: What is the evidence against slice and dice?
Replies: 74
Views: 7705

Re: What is the evidence against slice and dice?

owning the total US market is a bet on large-cap Large or small cap is very subjective. Even your small cap fund owns more of the large small caps than small small caps. So your small cap fund is bet on large small caps. I think what you'd like is a fund that holds every company in the market equal...
by Triple digit golfer
Sat Jan 19, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 42
Views: 2323

Re: Tax filing software

I tried Credit Karma but since my credit is frozen I had to verify my identity. I followed their prompts, sent in a copy of my driver's license, etc. but I still kept getting error messages. They couldn't help so I said screw it and signed up for freetaxusa. I don't have all my forms (come on Vangua...
by Triple digit golfer
Fri Jan 18, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 118
Views: 9998

Re: Neil Cavuto's video tribute

Bogleheads: You will enjoy this very nice eight-minute video tribute by Neil Cavuto, television news anchor: Remembering the late Wall Street legend John Bogle" Best wishes. Taylor Taylor, That is a wonderful tribute by Neil Cavuto with some great clips of Mr. Bogle. What a remarkable, good man wit...
by Triple digit golfer
Wed Jan 16, 2019 7:37 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 851
Views: 44248

Re: John Bogle is dead at 89

Rest in peace, Mr. Bogle. A truly wonderful, remarkable man who did so much for so many people over so many years in an industry dominated by sharks and thieves. He gave up the potential to have billions of dollars so that the rest of us could take care of our families and secure a good future. I wi...
by Triple digit golfer
Wed Jan 16, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 7104

Re: How much house can I afford (really)?

OP, A) You are "House Poor" asset wise now. 400+K of investment versus 420K house. But, that is not good enough for you. So, you want to double down and buy a bigger 700K house. Why is this a good idea? << Income Me: $195k base + $65k bonus (Total $260k) Wife: $35k 401(k) contributions: $18,500 ann...
by Triple digit golfer
Wed Jan 16, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 7104

Re: How much house can I afford (really)?

OP, A) You are "House Poor" asset wise now. 400+K of investment versus 420K house. But, that is not good enough for you. So, you want to double down and buy a bigger 700K house. Why is this a good idea? << Income Me: $195k base + $65k bonus (Total $260k) Wife: $35k 401(k) contributions: $18,500 ann...
by Triple digit golfer
Wed Jan 16, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 7104

Re: How much house can I afford (really)?

If you were to lose your job today, would you be able to find one paying $260k a year? Are you saving anything outside of the 401k and 529? You only list $28,100 in annual savings which is less than 10% of your income. I'll be conservative and say you pay $75k in taxes. Where's the other $192k goin...
by Triple digit golfer
Wed Jan 16, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 7104

Re: How much house can I afford (really)?

If you were to lose your job today, would you be able to find one paying $260k a year? Are you saving anything outside of the 401k and 529? You only list $28,100 in annual savings which is less than 10% of your income. I'll be conservative and say you pay $75k in taxes. Where's the other $192k going?
by Triple digit golfer
Sun Jan 13, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 42
Views: 2323

Re: Tax filing software

Also curious why H&R Block Deluxe Federal and State is $55 on their website, $31 on Amazon and $40 on newegg, or $20 after promo code. Big differences in price. But for $20 to file both with a reputable software I'm all for it.
by Triple digit golfer
Sun Jan 13, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 42
Views: 2323

Re: Tax filing software

What are the pros/cons of a download version vs online? Seems unnecessary to download. Huh, I see it as totally opposite. Seems unnecessary to waste packaging, a CD, and use resources for shipping it around when all one has to do is download it. I meant why use a download when you can just do the o...
by Triple digit golfer
Sun Jan 13, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 42
Views: 2323

Re: Tax filing software

What are the pros/cons of a download version vs online? Seems unnecessary to download.
by Triple digit golfer
Sun Jan 13, 2019 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 42
Views: 2323

Re: Tax filing software

core4portfolio wrote:
Sun Jan 13, 2019 4:58 pm
use turbotax. it very user friendly and worth the money for user friendly.
I used them but i moved to freetaxusa for the past few years
Why don't you recommend freetaxusa if that's the one you use?
by Triple digit golfer
Sun Jan 13, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 42
Views: 2323

Re: Tax filing software

aristotelian wrote:
Sun Jan 13, 2019 4:55 pm
Why not give Credit Karma a shot and post back here with the results?
I'm skeptical of free products and wondering to whom my information is being sold to allow them to offer it for free.
by Triple digit golfer
Sun Jan 13, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 42
Views: 2323

Re: Tax filing software

I'm not seeing H&R Block Deluxe that cheap. Can Deluxe do capital gains and losses? How do you know in general which tier product to select? Yes, Deluxe download can do cap gains and losses. As for prices, I think you know that prices change every week and go both UP and DOWN. Deluxe online doesn't...
by Triple digit golfer
Sun Jan 13, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 42
Views: 2323

Re: Tax filing software

As mentioned H&R Block Deluxe downloadable with a state return will probably be the least expensive at under $20 and possibly a rebate from Amazon of more than $20. The state return may charge for e-filing, but one can print it out and mail in most states. I wouldn't want to do my tax return by han...
by Triple digit golfer
Sun Jan 13, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 42
Views: 2323

Tax filing software

I have used TaxAct in the past and I like it. Our income tax returns are not overly complicated. We are married, have one child, one house with a mortgage, some 1099 savings interest income, a 401k, two Roth IRAs, a 529 for our child and a taxable brokerage account at Vanguard with just two funds an...
by Triple digit golfer
Sun Jan 06, 2019 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Where can i start a good Roth IRA for retirement?
Replies: 17
Views: 1026

Re: Where can i start a good Roth IRA for retirement?

Vanguard Target Retirement 2060. Put in the maximum $6,000 annually. Do the same for your wife. Also put as much as you can into 401k's if you have access to them, but at LEAST the amount required to get the full company match.
by Triple digit golfer
Sun Jan 06, 2019 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Reasons NOT to tax loss harvest?
Replies: 29
Views: 3332

Re: Reasons NOT to tax loss harvest?

My understanding: I SELL $3,000 of my SPY fund, wait 30 days (do nothing with the $3K), and then BUY $3,000 worth of a similar fund (ie VOO), I have “locked in” the $3K loss this year... which means come tax time I get a refund of about $1K (assuming 30% marginal tax bracket.) So I’m in effect gain...
by Triple digit golfer
Sun Jan 06, 2019 4:36 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 798
Views: 81716

Re: Fidelity ZERO funds?

The indexes they track may not be the same as other index funds. They may also not be as tax efficient. They may also not track their benchmark as well.

Point being, I don't think it's worth switching companies for a few basis points when in reality, a few basis points is just noise.
by Triple digit golfer
Sun Jan 06, 2019 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bother with 529s?
Replies: 36
Views: 2710

Re: Should I bother with 529s?

Plus taxable money can be used for non-education stuff, but if $4,000 is used for college tuition, then one can claim the AOTC and get a free $2500. That is certainly not true of 529 money used for college. Livesoft, Are you saying that if one uses 529 money to pay for college, he or she is not eli...
by Triple digit golfer
Sun Jan 06, 2019 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: 10k to invest, advice needed
Replies: 16
Views: 1315

Re: 10k to invest, advice needed

Are you already maxing out your 457 and an IRA each year? I've been maxing out my IRA for the last few years. I would max out my 457 if I had the money to do so. For a long time I was in individual stocks, which I have since sold. I made some money, but probably not as much as I would have made had...
by Triple digit golfer
Sun Jan 06, 2019 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bother with 529s?
Replies: 36
Views: 2710

Re: Should I bother with 529s?

Plus taxable money can be used for non-education stuff, but if $4,000 is used for college tuition, then one can claim the AOTC and get a free $2500. That is certainly not true of 529 money used for college. Livesoft, Are you saying that if one uses 529 money to pay for college, he or she is not eli...
by Triple digit golfer
Sun Jan 06, 2019 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: 10k to invest, advice needed
Replies: 16
Views: 1315

Re: 10k to invest, advice needed

Are you already maxing out your 457 and an IRA each year?
by Triple digit golfer
Sun Jan 06, 2019 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bother with 529s?
Replies: 36
Views: 2710

Re: Should I bother with 529s?

Let me give a possible example of financial engineering: 1. Contribute maximums to 401(k)/403(b)/457 in order to drive MAGI below the level to qualify for the AOTC. 2. Borrow from 401(k) plan to put some money in 529 plan and to pay for college. 3. Use use tax-free withdrawals from 529 plan to pay ...
by Triple digit golfer
Sun Jan 06, 2019 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Should I bother with 529s?
Replies: 36
Views: 2710

Re: Should I bother with 529s?

It’s page 14 in pub 970- no double benefit allowed (a 529 is a QTP). Note that you can claim the AOTC and use a 529 if your expenses are high enough- if you had to pay $10k, for example, you could pay $5k out of pocket and claim the AOTC and $5k out of the 529 tax free. You just can’t double dip. S...
by Triple digit golfer
Sun Jan 06, 2019 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Should I bother with 529s?
Replies: 36
Views: 2710

Re: Should I bother with 529s?

Are you saying that if one uses 529 money to pay for college, he or she is not eligible for the $2,500 AOTC? I am reading publication 970 and I only see income requirements of $180k MAGI or less to fully qualify for the AOTC. No double dipping on tax benefits. Please re-read Pub 970 more carefully....
by Triple digit golfer
Sun Jan 06, 2019 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Should I bother with 529s?
Replies: 36
Views: 2710

Re: Should I bother with 529s?

Plus taxable money can be used for non-education stuff, but if $4,000 is used for college tuition, then one can claim the AOTC and get a free $2500. That is certainly not true of 529 money used for college. Livesoft, Are you saying that if one uses 529 money to pay for college, he or she is not eli...
by Triple digit golfer
Sat Jan 05, 2019 1:03 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Sky Isn’t Falling
Replies: 17
Views: 2072

Re: Larry Swedroe: Sky Isn’t Falling

Isn't the idea of "panic selling" really a myth? Didn't Vanguard report that the 401(k) plans that they managed are steady as a rock and only low single digit percentages of client make any changes? I'd like to have some hard facts that retail investors really do any of this bad stuff that everyone...
by Triple digit golfer
Fri Jan 04, 2019 8:16 pm
Forum: Investing - Theory, News & General
Topic: 2019 Roth all at once or over time.
Replies: 19
Views: 1428

Re: 2019 Roth all at once or over time.

I do quarterly contributions for our IRAs, taxable investing and our child's 529 on the first of each quarter. Seems like a good compromise between lump sum and DCA.
by Triple digit golfer
Sun Dec 30, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Calculating savings rate
Replies: 50
Views: 2831

Re: Calculating savings rate

529 savings are money i am able to save, so it isn't an expense I would have in retirement. That's why i said count as savings. It's not part of my nest egg which is why i said exclude from x income. It's a lot of unnecessary arbitrary calculations, I know. The point is save a lot and take my dolla...
by Triple digit golfer
Sat Dec 29, 2018 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating savings rate
Replies: 50
Views: 2831

Re: Calculating savings rate

529 savings are money i am able to save, so it isn't an expense I would have in retirement. That's why i said count as savings. It's not part of my nest egg which is why i said exclude from x income. It's a lot of unnecessary arbitrary calculations, I know. The point is save a lot and take my dollar...
by Triple digit golfer
Sat Dec 29, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: AA across multiple accounts or TDF? [Target Date Fund]
Replies: 2
Views: 300

Re: AA across multiple accounts or TDF? [Target Date Fund]

Option 1: $8k in 401k to the 500 index, $2k to extended market index. In Roth IRA $3,600 to Total International and $2,400 to Total Bond. If you need $3k minimum for Total Bond then do $3k to each. Downside: bonds ideally go in tax deferred, not tax free. However it is not a deal breaker, in my opin...
by Triple digit golfer
Sat Dec 29, 2018 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating savings rate
Replies: 50
Views: 2831

Re: Calculating savings rate

Triple digit golfer, Your taxes are 15+5+7 = 27 Your savings are 37 So, your annual expense = gross income - taxes - savings = 100 - 27 - 37 = 36 Your annual saving in term of annual expense is 37/36 = 103%. You are doing very well in term achieving your FI goal. You are saving 1 year of expense ev...
by Triple digit golfer
Sat Dec 29, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating savings rate
Replies: 50
Views: 2831

Re: Calculating savings rate

Triple digit golfer, 1) In general, % of your gross income. 2) But, it is a useless number. % of expense is much more useful A) % of your annual expense if you are aiming for FI and/or early retirement. B) % of your retirement expense if you are aiming for normal retirement. I save 1 year of expens...
by Triple digit golfer
Sat Dec 29, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating savings rate
Replies: 50
Views: 2831

Re: Calculating savings rate

I'm most interested in my gross savings rate. So I simply add up everything that both we and my employer contribute to all of our accounts, both tax-deferred and Roth (no taxable), and divide that by my gross (i.e. pre-tax) income. What about additions or reductions to savings/checking? I bought a ...
by Triple digit golfer
Sat Dec 29, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating savings rate
Replies: 50
Views: 2831

Re: Calculating savings rate

Search for the long discussions. The right answer is clearly saving/gross income and everyone else is wrong😄 It doesn’t matter. It the advantages and disadvantages to both approaches but in the end it just doesn’t matter. If your rate is 21% or 35% doesn’t change you’re retirement date. I guess I'm...
by Triple digit golfer
Sat Dec 29, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating savings rate
Replies: 50
Views: 2831

Re: Calculating savings rate

Total contributions divided by take home pay gives your personal savings percentage. But take home pay is net of 401k contributions. How do you factor that in, if at all? If 401k goes up, take home pay goes down and your percentage skyrockets. What if no access to 401k and you use a taxable account...
by Triple digit golfer
Sat Dec 29, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating savings rate
Replies: 50
Views: 2831

Re: Calculating savings rate

Total contributions divided by take home pay gives your personal savings percentage. But take home pay is net of 401k contributions. How do you factor that in, if at all? If 401k goes up, take home pay goes down and your percentage skyrockets. What if no access to 401k and you use a taxable account...
by Triple digit golfer
Sat Dec 29, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating savings rate
Replies: 50
Views: 2831

Re: Calculating savings rate

Total contributions divided by take home pay gives your personal savings percentage. But take home pay is net of 401k contributions. How do you factor that in, if at all? If 401k goes up, take home pay goes down and your percentage skyrockets. What if no access to 401k and you use a taxable account...