Search found 166 matches

by SoAnyway
Tue Oct 16, 2018 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Elder care tax question(s)
Replies: 27
Views: 1714

Re: Elder care tax question(s)

celia wrote:
Tue Oct 16, 2018 1:36 pm
If you were to gift her the rental and you die before her, what kind of mess will you be leaving behind? Is your estate plan up to date?
+1.
by SoAnyway
Tue Oct 16, 2018 9:49 pm
Forum: Personal Consumer Issues
Topic: Visiting the Statue of Liberty
Replies: 8
Views: 657

Re: Visiting the Statue of Liberty

Depending on your reasons for wanting to visit, the BH way to get close enough to the Statue of Liberty to really see it and get some nice photos with it in the background is to take the Staten Island ferry out and back. It's free. I've done it both ways. For me, it wasn't worth what I paid to actua...
by SoAnyway
Sun Oct 14, 2018 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5348

Re: Weigh in on our Marital Argument =)-- HCOL edition

Paging KlangFool re. the 2 quoted posts below.... In the meantime, OP: Your thread title says it all. I'm not going to get in-between you and your husband; your marital argument is between the two of you. I am simply observing without taking sides, since I've not heard his pov, and you're of course ...
by SoAnyway
Sat Oct 13, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7328

Re: If I retire to a State that has no State taxes...

Is there some easy resource to see every US state's rules on how retirement income is taxed? Google "state taxes in retirement". The first results page brings up a number of such resources. Bear in mind that tax laws are constantly changing, so some info might be out-of-date. That said, it's a dece...
by SoAnyway
Sat Oct 13, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7328

Re: If I retire to a State that has no State taxes...

If i retire to a State that has no state taxes, I wont pay any state taxes on my RMDs and long term capital gain that I exercise after moving to that state. Is that correct? Yes, I believe that's correct if it's one of the 7 states listed above. One caveat based on your use of the term "exercise". ...
by SoAnyway
Sat Oct 13, 2018 12:29 am
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7328

Re: If I retire to a State that has no State taxes...

Is there some easy resource to see every US state's rules on how retirement income is taxed? Google "state taxes in retirement". The first results page brings up a number of such resources. Bear in mind that tax laws are constantly changing, so some info might be out-of-date. That said, it's a dece...
by SoAnyway
Thu Oct 11, 2018 12:04 am
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of the current correction
Replies: 28
Views: 3568

Re: Taking advantage of the current correction

Speaking strictly personally: if I believed in buying on a 3% dip of the S&P 500, then I would have bought in late 2008. And then I would have gotten intensely anxious at the continued decline, more so than I experience just by holding what I had, because of having made an active decision to buy mo...
by SoAnyway
Wed Oct 10, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - Timing and The ACA financials
Replies: 8
Views: 1074

Re: Early Retirement - Timing and The ACA financials

Congrats on your decision to pull the trigger, OP! Re. your healthcare situation and your timing question, need more info to give good guidance. Every situation is unique. First, healthcare. It sounds like you're committed to ACA. Why is that? Is COBRA not an option, either because it's more expensi...
by SoAnyway
Mon Oct 08, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 employee for the first time. Help?
Replies: 10
Views: 469

Re: 1099 employee for the first time. Help?

OP, you're getting good advice here, and you've already done a number of the right things to get up the learning curve. I transitioned out of W-2 employment 7 years ago after years (decades) of being a W-2 employee. The benefits can be enormous (both financial - the solo 401k is a no-brainer, for ex...
by SoAnyway
Mon Oct 08, 2018 9:34 pm
Forum: Personal Consumer Issues
Topic: Best headphones under 500 bucks
Replies: 48
Views: 3264

Re: Best headphones under 500 bucks

OP, see this thread that Alexa9 started re. the same topic about a year ago. There are also other threads - Search for "headphones" in this sub-forum.

Personally, I love my Bose noise-cancelling headphones (esp. when flying) but I know many audiophiles don't want that feature.
by SoAnyway
Mon Oct 08, 2018 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Net investment tax on Roth conversion
Replies: 6
Views: 465

Re: Net investment tax on Roth conversion

If you convert an IRA into a Roth in a given year, and your income is over $250,000 a year, are you on the hook for the 3.8% NIT on any invesment returns in the IRA? Also, are you charged the 0.9% medicare tax as well? What about state income taxes, are they also applied to the conversion? Or are t...
by SoAnyway
Sun Oct 07, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 84
Views: 6117

Re: Poll: BHs who rent - what % of gross do you spend on rent?

How the HECK are these people spending so little on rent? 5%? How is that even possible? Do you live in a dumpster? How are are you people calculating it? based on Gross Annual Income? Monthly gross? Net income? Please someone explain because these percentages can vary wildly depending on net or gr...
by SoAnyway
Sun Oct 07, 2018 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Three-fund portfolio - success (and thank you)
Replies: 3
Views: 1067

Re: Three-fund portfolio - success (and thank you)

Congrats, OP!! It's not easy to unwind a fill-in-the-blank "advisor" SALESperson portfolio. You should be quite proud that you're no longer funding your former salesperson's yacht, kids' college education, what-have-you. I didn't dive into the weeds of your particular line items since many are vague...
by SoAnyway
Sun Oct 07, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to Invest 10 Million Portfolio at 40 without income
Replies: 56
Views: 8619

Re: Best way to Invest 10 Million Portfolio at 40 without income

alphamale12, You're trying to do too much at once. Your forum name and thread title - together with various MBA buzz phrases re. NPV etc. - say it all. Congrats on your success so far, your LBYM approach to the "lifestyle creep" that affects so many others in your profession, etc. Contrary to your t...
by SoAnyway
Sun Oct 07, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: What part of your investment philosophy was "Inspired by Jack Bogle"?
Replies: 27
Views: 1096

Re: What part of your investment philosophy was "Inspired by Jack Bogle"?

We opened an account at Vanguard in 1982. And it was inspiring. Back then there was no internet. You had to mail in your investment check with your handwritten application. Any questions - call or write. Yes, and we still had a rotary dial phone, too. Thanks for the walk down memory lane, Grt2bOutd...
by SoAnyway
Sun Oct 07, 2018 6:34 pm
Forum: Investing - Theory, News & General
Topic: What part of your investment philosophy was "Inspired by Jack Bogle"?
Replies: 27
Views: 1096

Re: What part of your investment philosophy was "Inspired by Jack Bogle"?

Jack Bogle is a great American who made a huge contribution by making low cost investing and index funds in particular accessible to retail investors and I thank him for having the vision to be first and pull it off. +1. I especially thank him for structuring Vanguard to avoid conflicts of interest...
by SoAnyway
Sun Oct 07, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a pretty big pay cut to become a diplomat?
Replies: 32
Views: 3716

Re: Should I take a pretty big pay cut to become a diplomat?

OP, this recent thread ("38% pay cut for dream job?") from another BH contemplating a move to FS might be of interest.
by SoAnyway
Sat Oct 06, 2018 8:48 pm
Forum: Investing - Theory, News & General
Topic: Should I, and how, act on changes in managing diet and health?
Replies: 65
Views: 4478

Re: Should I, and how, act on changes in managing diet and health?

Okay, maybe I should rephrase the question. Let’s say that 5% of previously bad eaters succeed in changing their way of eating. Is there an investment that will benefit from this? I think that 5% is highly unlikely in this country, for all the reasons others have said - even with all of the various...
by SoAnyway
Fri Oct 05, 2018 10:40 pm
Forum: Personal Consumer Issues
Topic: Fall Foliage
Replies: 29
Views: 2278

Re: Fall Foliage

OP, if you're at all intrigued by the photos others have kindly linked, hear me now: No matter what area you choose to visit, NO photo - as spectacular as it appears - can possibly do justice to the experience of seeing it live. To put it another way: Take each breathtaking fall foliage photo you se...
by SoAnyway
Fri Oct 05, 2018 10:27 pm
Forum: Personal Consumer Issues
Topic: Meat Grinder recommendation?
Replies: 11
Views: 1015

Re: Meat Grinder recommendation?

Meat grinder? Yeah, I worked in one for years. Can't recommend it. OH! Sorry, OP. You mean a different kind of meat grinder. Like the kind that actually grinds meat - for wontons, gyoza, etc. Before I elevated to the mixer attachment you said you don't want, mine looked something like this . Worked ...
by SoAnyway
Fri Oct 05, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Whew! Stock market is no longer at all-time highs, so ...
Replies: 34
Views: 5371

Re: Whew! Stock market is no longer at all-time highs, so ...

My portfolio is down 2% this year! :shock: Should I rebalance, or sell everything? Sell everything, the party is over, the Fed is taking away the punch bowl, massive inflation is coming while will drive 10 year yields so high nobody will want to buy stocks, p.s. plus gold and oil futures, best to l...
by SoAnyway
Fri Oct 05, 2018 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguards Transfer Experience
Replies: 3
Views: 693

Re: Vanguards Transfer Experience

Probably not explaining my issue properly Agreed, OP. Something's not right here. I've done plenty of transfers into and out of Vanguard over the years without issue. Maybe they're not doing what you expect based on your past experience or lack thereof. That said, what's the rush to transfer CDs pr...
by SoAnyway
Fri Oct 05, 2018 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Whew! Stock market is no longer at all-time highs, so ...
Replies: 34
Views: 5371

Re: Whew! Stock market is no longer at all-time highs, so ...

Black Monday on the 8th, anyone? Ohmigosh, that would be FABULOUS!! There are so many opportunities in a crash (having lived through several). If not, I'm ok with that too. I stay the course. ; ) EDIT: To anyone reading who isn't "getting" the humor in livesoft's OP or the subsequent posts - and is...
by SoAnyway
Fri Oct 05, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Whew! Stock market is no longer at all-time highs, so ...
Replies: 34
Views: 5371

Re: Whew! Stock market is no longer at all-time highs, so ...

Too funny... Thanks, Livesoft! :sharebeer Soo hear you.... Great thread title! Meanwhile, I'll do my usual year-end check a month or so from now for tax opportunities, re-balancing, etc. so that as of Jan 1, I can forget about it all again for another 6-12 months, lol... <*yawn*> Until then, I'll ju...
by SoAnyway
Fri Oct 05, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Hold Off "Upgrading" to Vanguard Brokerage until 2019?
Replies: 45
Views: 4602

Re: Can I Hold Off "Upgrading" to Vanguard Brokerage until 2019?

I have not received even a single message from them regarding this issue. If not for this forum I would not even know they were in the process of "upgrading." Same here. I DO see the little "upgrade" button on top of my Vanguard accounts when I log into my "Accounts and Balances" a few times a year...
by SoAnyway
Fri Oct 05, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: 47yo funded college, paid house, maxed retirement...now what?
Replies: 22
Views: 2738

Re: 47yo funded college, paid house, maxed retirement...now what?

Not really a problem but still not sure what to do. I’m lucky. I’m 47 yo criminal attorney with 600k in a sep. 600k in nonretirement that I have been investing (almost all total stock market index) with a vanguard financial adviser because I’ve maxed my sep. I have enough college saved for an out o...
by SoAnyway
Fri Oct 05, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache is the BOMB!
Replies: 32
Views: 5195

Re: Mr. Money Mustache is the BOMB!

OP, not to ask a stupid question, but.... Is there anything actionable in your initial post?? :confused SoAnyway... I think he shouldn't keep using "FIRE," he should just be talking about FI. There is nothing about RE that he's preaching at all since he's still working, and he is encouraging everyon...
by SoAnyway
Fri Oct 05, 2018 12:06 am
Forum: Personal Consumer Issues
Topic: Fall Foliage
Replies: 29
Views: 2278

Re: Fall Foliage

It is all in the timing. The colors move from north-to-south in the fall. With perfect timing you can start in New England and follow them south to the Skyline Drive and continue along the Blue Ridge Parkway--if you have the time. Of course, others may have the same plan, and you have to be a littl...
by SoAnyway
Wed Oct 03, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Remember traveler's checks? How to cash a forgotten stash
Replies: 29
Views: 3424

Re: Remember traveler's checks? How to cash a forgotten stash

Karl Malden is still accepting them I hear. OP said they are Visa brand. Karl Malden's an AMEX guy. :beer Was wondering who would catch that fact :D Even if Karl Malden accepted VISA t-checks in addition to his favored Amex brand, OP would have a tough time getting in touch with him. He's been dead...
by SoAnyway
Tue Oct 02, 2018 3:29 am
Forum: Personal Consumer Issues
Topic: Playing with FIRE(Financial Independence) documentary trailer.
Replies: 15
Views: 2481

Re: Playing with FIRE(Financial Independence) documentary trailer.

SquawkIdent is 100% correct that the message about becoming financially independent from traditional employment needs to get out, given the changing world we live in. That said, SoAnyway... Not this way. To answer OP's question, "Would this be something you would watch?" Unequivocally NO . Why? Clea...
by SoAnyway
Sun Sep 30, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Help me with avoiding liability for personal injury on our property
Replies: 23
Views: 1878

Re: Help me with avoiding liability for personal injury on our property

If you don't already have one then be sure to get an umbrella policy for at least a million dollars. I am not a lawyer but I think that the signs could backfire on your since that would show that you knew about a hazard but did not fix the hazard. I would put something on top of the wall like a sho...
by SoAnyway
Mon Sep 24, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: IRA contribution made income too LOW ... thoughts?
Replies: 5
Views: 755

Re: IRA contribution made income too LOW ... thoughts?

From what I've seen, they could recharacterize the 2017 tIRA contribution to a Roth until October 15. Then obviously file an amended return. https://www.irahelp.com/slottreport/october-15-deadline-recharacterize-2017-ira-contributions-and-conversions Whether it's even necessary is another question....
by SoAnyway
Mon Sep 24, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4540

Re: Investing in the Rare Opportunity

[Johnny] decides to wait. As often happens, many of the posters are reacting to the situation presented rather than responding to the question OP asked. Gotta love it. SoAnyway.... I will respect Johnny's decision as he is in a far better position to assess the probability of the big payoff than we...
by SoAnyway
Sun Sep 23, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6356

Re: Emotional Investor - I'm a mess and need help!

Thank you everyone. Your advice is truly priceless. From reading your posts I think I'm probably overthinking things too much . I know this is related to my personality of aiming for perfection and trying to find that strategy that will give me the best end result but the truth is as one of you sai...
by SoAnyway
Sun Sep 23, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6356

Re: Emotional Investor - I'm a mess and need help!

OP, I give you all props for your candor and guts in posting here, and returning despite all the posts confirming the second part of your thread title. I'm sure it wasn't easy in either case. Just as you feel when you're giving advice to your non-compliant patients re. their long-term physical healt...
by SoAnyway
Sun Sep 23, 2018 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7460

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

We may try to pad the index funds to get some earnings for a few years and then after 3 years throw a large chunk at the mortgage and start again. Our one remaining nagging thought is how we can fund an early retirement while also doing this... I'm not sure what you mean by either of these two sent...
by SoAnyway
Sat Sep 22, 2018 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Sharing Health Coverage with a spouse
Replies: 4
Views: 638

Re: Sharing Health Coverage with a spouse

Sorry, OP - The feds already thought of that as others have said.
As they say: Thanks for playin'.... ; )
by SoAnyway
Sat Sep 22, 2018 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: Which do I pick? Roth 401(k) or Traditional 401(k)?
Replies: 36
Views: 2630

Re: Which do I pick? Roth 401(k) or Traditional 401(k)?

I've thought about moving back to Florida at some point, and if that were to happen, my salary would most likely stay the same or drop. That is a significant reason to prefer a traditional account. If you retire in Florida, you will have a much lower marginal tax rate, since Florida does not have a...
by SoAnyway
Sat Sep 22, 2018 2:44 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2962

Re: Moving to Dallas, how to establish residency

Isn't it a law in Texas that you have to have a rifle rack mounted in front of your vehicle rear window? No, but you have to put up with stupid stereotypical comments from people. Hahaha. Well said, Goblue100. Relax, 123. P.S. Goblue100, when I saw on the homepage that your forum name had posted in...
by SoAnyway
Fri Sep 21, 2018 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7460

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

You've all given us a bunch to think about - I really appreciate it! I think after reading your comments we are going to continue chugging along with maxing out all pre and post tax retirement accounts we can for now, and aim to direct $10k of savings per year toward the mortgage. Thanks for having...
by SoAnyway
Fri Sep 21, 2018 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7798

Re: Hubby soon to be laid off

SoAnyway I so appreciate your comments and advice. I may be getting somewhat nervous about our allocation. I think I’ll scale back my aggressive portfolio a bit. Maybe 60-40 would make me sleep a little better this week. Sleeping well is important!! Do whatever it takes, OP! The condo conversion wa...
by SoAnyway
Fri Sep 21, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Home away from home
Replies: 20
Views: 2230

Re: Home away from home

My husband recently took a job requiring one week per month in another city, requiring a fairly long flight. His company will put him up in an extended stay hotel during those weeks but I would like to make this as comfortable and convenient as possible. People who regularly travel to a second loca...
by SoAnyway
Fri Sep 21, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7798

Re: Hubby soon to be laid off

Soanyway: You gave so much great advice-I haven’t thought of Roth conversions. To be honest, we’ve never done a Roth. I’m going to look into that. I think our Long Term Care policies are OK. At the moment we can afford them or want to afford them at $6500/year. Rebalancing: Not sure if we should ch...
by SoAnyway
Fri Sep 21, 2018 7:44 pm
Forum: Personal Consumer Issues
Topic: Another Wifi extender thread
Replies: 39
Views: 2887

Re: Another Wifi extender thread

I have small two level house that I get wifi upstairs and downstairs but just have a problem with one bedroom. It's not like I need it to reach to a guest house or something. Can anyone suggest something super simple to set up and reasonable? I had the exact same problem last year, OP - Just needed...
by SoAnyway
Fri Sep 21, 2018 6:58 pm
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 61
Views: 5479

Re: State Farm nickel-and-diming me

Unfortunately, this is pretty common. Until the investing website with the same name appeared, betterment was commonly applied to things like tires, batteries, UPD (un-repaired prior damage). The premise is that they are bettering the condition of your car compared to it's condition prior to the ac...
by SoAnyway
Fri Sep 21, 2018 6:04 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25192

Re: What is your single most expensive mistake?

Kids. :shock: Pops, if that's you, c'mon now. I haven't cost you THAT much! As for my most expensive mistake, ohmigosh, too many to list. :oops: For the most part, I've not repeated any of them so I choose to view them as an investment in my education. :happy (That's my story and I'm stickin' to it...
by SoAnyway
Thu Sep 20, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7798

Re: Hubby soon to be laid off

OP, I'm sorry to hear about this little monkey wrench in the planning machinery, but I agree with the others: You'll both be fine. Perhaps not with as much cushion you'd planned for and would like, but no need to panic. You're so close. Kudos to you and DH for having laid the groundwork; it's those ...
by SoAnyway
Wed Sep 19, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7460

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

Not that it would necessarily change my pov, but I didn't realize OP/spouse have 2 pensions coming. Did I miss something? :confused There is a line an annuity (1% of high 3 for every year worked – part-time or full-time) . which is basically a "pension". Obviously missing details about things like ...