Search found 2069 matches

by Chuck
Tue Dec 03, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage and HELOC?
Replies: 10
Views: 1071

Re: Pay off mortgage and HELOC?

You can certainly max out your retirement plan contributions either way.

Your total debt is less than one year's income. I don't see the purpose in carrying a loan for 25 years. +1 for pay it off.
by Chuck
Tue Nov 19, 2019 3:23 pm
Forum: Investing - Theory, News & General
Topic: Are individual stocks back on the table now that we have $0 commissions?
Replies: 56
Views: 4252

Re: Are individual stocks back on the table now that we have $0 commissions?

Brianmcg321 wrote:
Tue Nov 19, 2019 8:17 am
No, it isn't.
Look, this isn't an argument! It's just contradiction!
by Chuck
Tue Oct 29, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: GPS signal - Smartphone vs Handheld GPS
Replies: 6
Views: 428

Re: GPS signal - Smartphone vs Handheld GPS

Either GPS solution should self-report its accuracy. If it says within 1 meter, then it's within 1 meter, etc.
by Chuck
Fri Aug 09, 2019 2:45 pm
Forum: Personal Consumer Issues
Topic: Is it time to let this phone go?
Replies: 12
Views: 1933

Re: Is it time to let this phone go?

Phineas J. Whoopee wrote:
Fri Aug 09, 2019 2:35 pm
What is /thread ?
I assume it is pseudo-HTML for "this thread is over, mic-drop, bask in my wisdom."
by Chuck
Tue Jul 23, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Uber Without Smartphone
Replies: 103
Views: 8036

Re: Uber Without Smartphone

whodidntante wrote:
Tue Jul 23, 2019 11:35 am
Maybe having the capability to do things that work really well on a smartphone is sufficient reason for you to rethink your insistence on not getting one. You don't have to use it post pictures of your dinner on Instagram.
Agree. Call it a "ride getter" if it makes you feel better.
by Chuck
Fri May 17, 2019 12:10 pm
Forum: Investing - Theory, News & General
Topic: how do Tariffs impact your portfolio?
Replies: 25
Views: 1499

Re: how do Tariffs impact your portfolio?

Tariffs decrease the efficiency of the economy, and lower overall returns. Nothing I can take action on, though.
by Chuck
Mon May 06, 2019 2:01 pm
Forum: Personal Consumer Issues
Topic: Winter Tires All Year?
Replies: 62
Views: 4441

Re: Winter Tires All Year?

It's a good thought from a wear point of view, based on your low mileage. The squishy handling might be hazardous if you need to brake or swerve. I would not want to harm someone or someone's property to save a few bucks. For that reason, I wouldn't do it. I have extra rims for my winter tires, and ...
by Chuck
Fri May 03, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Recast - How to calculate and when is it worth it?
Replies: 9
Views: 1139

Re: Recast - How to calculate and when is it worth it?

[...] I could expect to pay off this mortgage in the next 4-5 years by prepaying the remainder of the principal, is it even worth it to recast? No, it is not worth it. You said you plan to continue paying more than the minimum payment. The purpose of a recast is to lower the minimum payment. These ...
by Chuck
Tue Apr 02, 2019 9:33 am
Forum: Investing - Theory, News & General
Topic: Series I Savings Bonds Buying Opportunity
Replies: 52
Views: 10353

Re: Series I Savings Bonds Buying Opportunity

I've developed a spreadsheet that calculates the approximate after tax benefit of exchanging an old I Bond for a new one. That is intense. :) :) I was going to do something simple like I have a 0% bond from 4/2013 which up 9.04% (oops that data is from January, but I don't want to recalculate), so ...
by Chuck
Sun Mar 31, 2019 9:19 am
Forum: Investing - Theory, News & General
Topic: Series I Savings Bonds Buying Opportunity
Replies: 52
Views: 10353

Re: Series I Savings Bonds Buying Opportunity

I need to do the math to see if it's worth it to "refinance" some of my 0% I-bonds.
by Chuck
Wed Mar 20, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Minivan - Safety
Replies: 34
Views: 1856

Re: Minivan - Safety

You should do whatever allows you to sleep at night.
by Chuck
Thu Mar 14, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: New Brokerage platform
Replies: 10
Views: 1385

Re: New Brokerage platform

I moved over last year because I didn't want to be a part of the flood of people switching at the last moment. Nothing happened. I got 1099's from the funds directly (from before the switch), and 1099's from VBS, so that year I had to do one additional 1099, since the VBS one has all my holdings. It...
by Chuck
Fri Mar 01, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: 30 year old water heater, should I be worried?
Replies: 73
Views: 4885

Re: 30 year old water heater, should I be worried?

My current water heater was installed in 1983 and probably will be replaced this fall as it is starting to leak. Do you really mean that your tank has started to leak, and you don't plan to have it replaced until this fall? As in late September 2019?? If the TANK is really leaking, then the leak is...
by Chuck
Tue Feb 19, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Fast turnaround on Federal Tax
Replies: 40
Views: 3998

Re: Fast turnaround on Federal Tax

I wait to file until at least March 15 to see if I get any dreaded "corrected" 1099s.
by Chuck
Mon Feb 11, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35315

Re: Smaller tax refunds this year? Clear explanation please

Thesaints wrote:
Mon Feb 11, 2019 5:08 pm
Oh, yeah! SALT deduction has gone the way of the Dodo.
The dodo has been limited to $10,000?
by Chuck
Mon Feb 11, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35315

Re: Smaller tax refunds this year? Clear explanation please

Tax return: The tax form that you fill out.

Tax refund: The money you get back if you have overpaid via withholding.
by Chuck
Mon Feb 11, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35315

Re: Smaller tax refunds this year? Clear explanation please

Just did my taxes and my taxes went up. For the first time ever we actually owe money instead of getting a return this year. As many in this thread have already pointed out, the first thing is not related to the second thing. Withholding changes have tended to have less withheld from each paycheck,...
by Chuck
Thu Feb 07, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is it easy to withdraw contributions from a Roth IRA?
Replies: 15
Views: 1159

Re: Is it easy to withdraw contributions from a Roth IRA?

What confused me at first was the fact that any withdrawal before 59.5 is considered an early withdrawal, subject to penalty. Then you go do the worksheet, and as long as your total Roth withdrawals are less than your total Roth contributions, your penalty is zero. But you get a 1099-R that says "ea...
by Chuck
Thu Feb 07, 2019 4:43 pm
Forum: Investing - Theory, News & General
Topic: Guess Who’s Defending Active Bond Funds? Vanguard
Replies: 11
Views: 1541

Re: Guess Who’s Defending Active Bond Funds? Vanguard

Most Vanguard bond funds are active. They have always said they avoid riskier issues, and only invest in bonds rated above a certain threshold, etc. This is not new at all.
by Chuck
Thu Feb 07, 2019 4:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard SEC filings drop ‘at-cost,’ ‘no profit’ claims
Replies: 11
Views: 1285

Re: Vanguard SEC filings drop ‘at-cost,’ ‘no profit’ claims

zmaqoptyxbglp wrote:
Thu Feb 07, 2019 3:54 pm
since it is not a fair marketplace when other firms are required to earn a direct return for their shareholders while Vanguard is not.
Is it "not fair" that my local supermarket sells rotisserie chickens below cost to get me in the door? Because as a consume, I rather like it.
by Chuck
Thu Feb 07, 2019 2:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 232
Views: 52281

Re: Vanguard Prime Money Market yield over 2.5%

How does Vanguard manage this? I don't see anything close at Fidelity, not even their funds that require a $1M+ minimum investment. 1-month treasurys are 2.4%. The expense ratio is 0.16%. This is not hard to achieve at all. It's actually more amazing how much other fund companies suck at this.
by Chuck
Tue Feb 05, 2019 1:08 pm
Forum: Personal Investments
Topic: Making a 3.8 million deposit
Replies: 96
Views: 11300

Re: Making a 3.8 million deposit

earlywynnfan wrote:
Sat Feb 02, 2019 9:48 pm
Just to make sure, this isn't the option you chose, is it??
https://www.msn.com/en-us/sports/nfl/re ... li=BBnba9I
That didn't age well.
by Chuck
Mon Feb 04, 2019 6:07 pm
Forum: Personal Investments
Topic: Investing money for use in 5-7 years
Replies: 31
Views: 2799

Re: Investing money for use in 5-7 years

5-year CDs are all over 3% nowadays:

https://www.nerdwallet.com/blog/banking ... -cd-rates/

If you want to keep it in your brokerage, there are brokered CD's at 3.10% as well.
by Chuck
Wed Oct 17, 2018 2:14 pm
Forum: Personal Investments
Topic: Is there a benefit of investing in Traditional IRA if company provides 401K
Replies: 23
Views: 2101

Re: Is there a benefit of investing in Traditional IRA if company provides 401K

IMO, a non-deductible traditional IRA is worse than nothing. Buy stocks in taxable and pay capital gains, instead of converting all your gains to regular taxable income. You could just buy bonds in it, and defer tax on gains until 59.5, but that's a small benefit for tying up your money. You could j...
by Chuck
Tue Sep 11, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars
Replies: 53
Views: 5204

Re: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars

20 to 50 years from now, will Fidelity still have zero ER funds? (What will happen to your tax basis if they don't?) Vanguard's corporate structure is a big part of choosing Vanguard.
by Chuck
Wed Aug 29, 2018 1:05 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 13041

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

The most common thing I've noticed is when people who are "wary" of a risky asset say they are "weary" of it.
by Chuck
Mon Aug 27, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 5267

Re: Man...opening a savings account with Ally is an arduous process.

You can get higher yield elsewhere, so maybe it's good if they reject you. better yield and as good/better user experience? i am all ears because right now my money is parked with Chase earning NOTHING. With Vanguard Prime Money Market earning more than most (all?) savings accounts, I've lost inter...
by Chuck
Sun Jun 17, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: new thinking under 2018 tax law?
Replies: 29
Views: 5531

Re: new thinking under 2018 tax law?

Is that changing any of your decisions concerning tax deferred accounts?
by Chuck
Mon Jun 04, 2018 3:43 pm
Forum: Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 7369

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

Okay... stop. You need to read some of the books in the wiki. NO ONE HERE (or anywhere really) will advise you to pay 5%-7% interest on money so you can invest it and gamble on making more than 7%. Not to pile on, but 7% is what most of us expect to make on our stock investments. So that's another ...
by Chuck
Fri May 25, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: should I buy or rent
Replies: 18
Views: 1545

Re: should I buy or rent

I guess the important point is that there are some who say renting is just throwing money away, and owning is what "smart" people do. It's not so simple, you have to run the numbers for yourself, including factors like the certainty of staying in one location for a certain period of time. I "own" my...
by Chuck
Fri May 25, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: should I buy or rent
Replies: 18
Views: 1545

Re: should I buy or rent

dm200 wrote:
Fri May 25, 2018 12:40 pm
Do what your wife wants..
I've seen this suggestion repeatedly on this forum, and I think it's one of the best.
by Chuck
Mon May 21, 2018 12:47 pm
Forum: Personal Investments
Topic: Why is my after tax contribution showing up a penny less?
Replies: 6
Views: 849

Re: Why is my after tax contribution showing up a penny less?

It's even worse for us ETF users. Prices are only within 0.01 +/-, so we can see $5 or more difference by completing a trade one second later. Sometimes up, sometimes down. That's the game we play.
by Chuck
Sat May 19, 2018 10:28 am
Forum: Personal Investments
Topic: Series I Bonds in April/May 2018
Replies: 69
Views: 11778

Re: Series I Bonds in April/May 2018

You will not get a 1099 until you redeem. You won't get interest payments, the value will just accumulate in the bond itself. So the deferral is automatic. If you redeem a bond to buy one with a higher fixed rate, you can not "roll over." You will pay tax on the bond that you redeemed. You will also...
by Chuck
Wed May 16, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Better to be in debt to yourself or others?
Replies: 25
Views: 2063

Re: Better to be in debt to yourself or others?

Compare that to what you lose on interest by not doing it.

Spreadsheet both scenarios and see which one makes you end up with more spendable money.
by Chuck
Wed May 16, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: How to decide VT vs VTI?
Replies: 6
Views: 5507

Re: How to decide VT vs VTI?

VT is more diversified. However, if you use VTI and VEU separately you can choose your own allocation. You may also have more options with respect to tax lots, etc. I tend to be more slicey dicey, but for a worldwide allocation, VT is the "set it and forget it" option. I don't think there is a wrong...
by Chuck
Wed May 16, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Better to be in debt to yourself or others?
Replies: 25
Views: 2063

Re: Better to be in debt to yourself or others?

I would just stop contributing to the 401k until the debts are paid off.
by Chuck
Wed May 16, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing in 8 years. Buy now?
Replies: 18
Views: 2078

Re: Downsizing in 8 years. Buy now?

In 2010, 8 years ago, what did you think life was going to be like in 2018? Were you right?
by Chuck
Sun May 06, 2018 9:00 pm
Forum: Personal Investments
Topic: Vanguard: ETF vs MF
Replies: 38
Views: 4083

Re: Vanguard: ETF vs MF

For me, a nightmare is a dog or bear chasing me, and I climb up a tree to get away, but it grabs a bite of my foot, and I wake up in a cold sweat holding my leg and trying to calm down my breath.

Having a few extra dollars in a money market fund is not.
by Chuck
Fri May 04, 2018 11:44 pm
Forum: Personal Investments
Topic: Series I Bonds in April/May 2018
Replies: 69
Views: 11778

Re: Series I Bonds in April/May 2018

aristotelian wrote:
Fri May 04, 2018 5:01 pm
I have seen this argument before but I don't get it.
A financial instrument advertised to preserve purchasing power does not actually preserve purchasing power.
by Chuck
Tue May 01, 2018 11:53 am
Forum: Personal Consumer Issues
Topic: Fiber cable on front lawn
Replies: 44
Views: 5189

Re: Fiber cable on front lawn

You could bury it yourself in about 20 minutes. It's not electricity, so there are no depth requirements. Cut a slit in the ground with a knife, and push the cable down in there with your fingers. Walk over it a few times to close it up. Wash your hands. There will be less damage to your lawn than i...
by Chuck
Tue May 01, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Keyboard key labels wearing off...
Replies: 19
Views: 1718

Re: Keyboard key labels wearing off...

I have an old Dell keyboard from the dark ages, and a PS/2 to USB converter so that I can continue using it on modern computers. It is about 15 years old, filthy as heck, but the key labels are still perfect. Another example of "they don't make 'em like they used to?" I agree that if you've been usi...
by Chuck
Tue May 01, 2018 11:22 am
Forum: Personal Investments
Topic: Series I Bonds in April/May 2018
Replies: 69
Views: 11778

Re: Series I Bonds in April/May 2018

Using a long-term inflation projection of 2%, and a theoretical for-argument's-sake tax rate of 25%, you'd want a 0.5% fixed rate just to maintain purchasing power. In that sense, 0.3% is way better than last month's 0.1%. But still not... "good." If it is the same or higher in 2019, I will consider...
by Chuck
Thu Apr 26, 2018 2:23 pm
Forum: Personal Investments
Topic: Switching from S&P 500 to Total Market
Replies: 9
Views: 2029

Re: Switching from S&P 500 to Total Market

What you want is a "market completion index" fund. Vanguard's Extended Market Index Fund is one. It says: "The fund is considered a complement to Vanguard 500 Index Fund. Together they provide exposure to the entire U.S. equity market." You would have to buy it in the right ratio with the 500 fund, ...
by Chuck
Wed Apr 25, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 29
Views: 3632

Re: Whole Life Policy

Well of course. The death benefit and cash value are based on the assumption that you pay premiums. If you stop putting money in, it will be worth less than that.
by Chuck
Wed Apr 25, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 29
Views: 3632

Re: Whole Life Policy

This is the reality for many whole life policies. They're a bad idea to get into, but after 10 years the cost is already sunk, and they may actually be advantageous going forward.
by Chuck
Wed Apr 25, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 29
Views: 3632

Re: Whole Life Policy

So you earn 5% a year as long as you spend an annually increasing amount on something you don't need. That's the puzzlement for me. I'd look at the increase without subtracting out the premium, since I wouldn't pay that if it weren't necessary to earn the 5%. I can certainly stop paying premiums (t...
by Chuck
Wed Apr 25, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy
Replies: 29
Views: 3632

Re: Whole Life Policy

I just look at the increase in cash surrender value over the past year. Subtracting premium paid (obviously) the increase is usually close to 5%. Since that is better than any other fixed-income vehicle that is currently available to me, I have decided to keep it.... for now. (I consider it a "bond"...
by Chuck
Tue Apr 24, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 46953

Re: KF's simple rules to achieve FI [Financial Independence]

I repeat, there is no reason to change your asset allocation based on whether you have a 529 account or not. This is a fundamental misunderstanding of the difference between asset location and asset allocation. The 529 simply changes the tax treatment of a certain amount of your money. Same as a 401...
by Chuck
Tue Apr 24, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 46953

Re: KF's simple rules to achieve FI [Financial Independence]

I would favor stocks in the 529 account (and Roth) and increase bonds elsewhere. You want your highest expected return in the accounts that will never be taxed again.