Search found 93 matches

by GuySmiley
Sun Jul 26, 2020 1:17 pm
Forum: Personal Investments
Topic: 2021 Planning - Roth Ira vs Traditional IRA Mix to stay in 12% bracket
Replies: 6
Views: 474

Re: 2021 Planning - Roth Ira vs Traditional IRA Mix to stay in 12% bracket

In addition to the above link, the relevant question (sometimes unanswerable) is whether your tax bracket will be higher or lower in retirement. It seems like you might be talking about max $600 now by doing as you suggest ($6000 contribution * 10% difference in marginal rate) so it's probably not a...
by GuySmiley
Sun Jul 12, 2020 7:41 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1549
Views: 204945

Re: Post your Financial Milestone Announcements Here

Hit 2M excluding home and 529s this weekend. Celebrated with some Taco Bell (the new grilled cheese burrito is pretty good) and am considering shifting from the current 65/35 to 60/40 around end of year. I am a slow decision-maker about stuff like this, but that's okay. Thank you Bogleheads for insp...
by GuySmiley
Sat Jul 11, 2020 5:36 pm
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 182
Views: 11284

Re: Were You Around During Dotcom Bubble?

The only positive stock story I have from the Dotcom days was receiving free Travelzoo stock which they were giving out as a promotion and they subsequently did an IPO in 2003. I never used their service. Travelzoo! I also got a few shares of free stock, totally forgot about it until they were in t...
by GuySmiley
Thu Jul 02, 2020 8:41 am
Forum: Investing - Theory, News & General
Topic: Almost (but not quite) another COVID spending thread
Replies: 31
Views: 2925

Re: Almost (but not quite) another COVID spending thread

I ran our first-half 2020 expense numbers yesterday. Spending excluding taxes was down 35% from last year. The big contributors were reduced travel and food costs.
by GuySmiley
Mon Jun 22, 2020 4:58 pm
Forum: Personal Consumer Issues
Topic: "Snow Guard" for metal roof: A must or "Hogwash" or a "Hill of Beans"??
Replies: 33
Views: 1660

Re: "Snow Guard" for metal roof: A must or "Hogwash" or a "Hill of Beans"??

I would guess snow is not so much a problem as ice. I had a metal roof when I lived in TX, and during winter freezing rain would accumulate to 2" thick sheets, maybe 18" wide and many feet long that would just slide off once the weather warmed up. I didn't have gutters, but could easily see damage t...
by GuySmiley
Sat May 09, 2020 7:48 pm
Forum: Investing - Theory, News & General
Topic: I am always slightly disappointed with my AA
Replies: 48
Views: 3586

Re: I am always slightly disappointed with my AA

The OP resonates with me for sure. Just north of 60/40, it's tolerable :)
by GuySmiley
Wed Mar 04, 2020 9:49 pm
Forum: Investing - Theory, News & General
Topic: 2020 I Bonds: what's your plan?
Replies: 55
Views: 7648

Re: 2020 I Bonds: what's your plan?

I followed the approach I read about on this forum of manufacturing a $5000 federal income tax refund to be delivered as paper I-bonds. At this point I guess I'll keep doing this moving forward and use them as an emergency fund and possibly fund some college if the 529s aren't sufficient and if you ...
by GuySmiley
Sun Mar 01, 2020 1:53 pm
Forum: Investing - Theory, News & General
Topic: Now may be a good time to focus on your other interests
Replies: 23
Views: 1805

Re: Now may be a good time to focus on your other interests

One of my interests is Taco Bell. Headed there shortly. Excited!
by GuySmiley
Sat Feb 29, 2020 11:58 am
Forum: Investing - Theory, News & General
Topic: Why so much buying/rebalancing going on?
Replies: 100
Views: 6365

Re: Why so much buying/rebalancing going on?

I rebalanced not because the numbers said it was time, but because I've been waiting for some time for an opportunity to get misplaced bonds out of a Roth IRA. Two half justifications add up to a whole one. Anyways, now back to 65/35 but with better distribution among account types.
by GuySmiley
Fri Feb 28, 2020 9:12 pm
Forum: Investing - Theory, News & General
Topic: How did you TLH during this correction?
Replies: 65
Views: 3638

Re: How did you TLH during this correction?

IXUS to VXUS today, offset half of an unrelated capital gain earlier this year which is nice, reducing about 3K of taxes. Will do the reverse swap in April if sitting on a new loss.
by GuySmiley
Mon Feb 24, 2020 8:57 pm
Forum: Investing - Theory, News & General
Topic: Net worth approaching lifetime earnings. How many years did it take?
Replies: 50
Views: 5997

Re: Net worth approaching lifetime earnings. How many years did it take?

Fun topic. I am 42 and about 1x. If I retire tomorrow (hypothetical), I would remain at about 1x due to low expenses. If I keep working, I would remain about 1x due to income tax bite and low forecasted growth for a conservative asset allocation. Ask this same question in 5 years, very possible I re...
by GuySmiley
Sat Feb 15, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: file federal return but not state return?
Replies: 5
Views: 548

Re: file federal return but not state return?

Hello -- my 13-yr old child was paid under $40 in 2019 for some small jobs. State is MN. I opened a Roth IRA for her. I understand that filing a federal return is recommended to properly document the income with the IRS for IRA contributions. So her Roth IRA is also for less than $40? Exactly match...
by GuySmiley
Sat Feb 15, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: file federal return but not state return?
Replies: 5
Views: 548

Re: file federal return but not state return?

No W-2. More like a freelancer for the neighborhood magazine. Still waiting for a 1099-MISC(?) which may or may not come, even though she did fill out a W-9 before starting. In doing some more research, it looks like no self-employment taxes are owed if the amount is under $400. I'm inclined to just...
by GuySmiley
Sat Feb 15, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: file federal return but not state return?
Replies: 5
Views: 548

file federal return but not state return?

Hello -- my 13-yr old child was paid under $40 in 2019 for some small jobs. State is MN. I opened a Roth IRA for her. I understand that filing a federal return is recommended to properly document the income with the IRS for IRA contribution purposes. My plan is to use freetaxusa.com. However, I now ...
by GuySmiley
Tue Feb 11, 2020 4:32 pm
Forum: Personal Investments
Topic: Help choosing my GF portfolio please..
Replies: 17
Views: 1067

Re: Help choosing my GF portfolio please..

Proper diversification is important in a GF portfolio. 33% each of blonde, redhead, and brunette is a good starting allocation.
by GuySmiley
Sun Feb 09, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax-Exempt Interest % by State for 2019
Replies: 11
Views: 1555

Re: Vanguard Tax-Exempt Interest % by State for 2019

retiringwhen wrote:
Sun Jan 19, 2020 9:51 pm
And as a bonus. US government obligations information https://personal.vanguard.com/pdf/USGO_012020.pdf
Thank you very much, you just saved me $66 in state tax on ~$2400 of BND income! Now I know to search for this each year. I also have a research item on total bond vs. treasuries.
by GuySmiley
Sat Feb 08, 2020 10:15 am
Forum: Personal Investments
Topic: Offseting taxes in BND with LT losses?
Replies: 5
Views: 440

Re: Offseting taxes in BND with LT losses?

I don't believe this is right. Capital losses offset capital gains, not interest or dividends. What you might be able to do is tax gain harvest (conceptually it is like trading in your shares held in a taxable account for a higher basis) which will maximize the benefit from the capital losses now an...
by GuySmiley
Sat Feb 08, 2020 8:56 am
Forum: Personal Consumer Issues
Topic: What do you/did you spend your bonus on?
Replies: 103
Views: 8079

Re: What do you/did you spend your bonus on?

Of ~11k gross, only 1400 was left after taxes, 401k and ESPP contributions. So mostly accelerated savings, with a little leftover for day-to-day expenses.
by GuySmiley
Sun Feb 02, 2020 11:04 am
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 60
Views: 5377

Re: Health equity investment fee. High or low?

Does HealthEquity generate any sort of tax form related to the HSA transfer to Fidelity?
by GuySmiley
Thu Jan 30, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Roth vs Traditional taxes epiphany?
Replies: 6
Views: 766

Re: Roth vs Traditional taxes epiphany?

Yes. Tax now is hard to control but easy to predict. Tax in the future is hard to predict but easier to control, spread out over many years, many options.
by GuySmiley
Thu Jan 30, 2020 4:31 pm
Forum: Personal Investments
Topic: Sell company stock (taxes) or wait until early retirement (no or low taxes)
Replies: 23
Views: 1827

Re: Sell company stock (taxes) or wait until early retirement (no or low taxes)

Went through a similar mental process last week, not at the scale of the OPs circumstances. Pros and cons with each approach. In the end, I decided to be a good Boglehead and sell the long-terms gains to diversify. Paying the tax for reduction of risk. Not sure it was the right move, but I can revis...
by GuySmiley
Tue Jan 28, 2020 11:50 am
Forum: Personal Investments
Topic: What is the most aggressive Boglehead allocation for a Roth IRA?
Replies: 38
Views: 3761

Re: What is the most aggressive Boglehead allocation for a Roth IRA?

I'm 100% US equities in Roth IRA, but 55/45 US/Intl overall for equities, and 63/37 equities/bonds overall. I think it's the overall plan which matters more than limiting the view to Roth IRA.
by GuySmiley
Sun Jan 12, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Few dollars remainder in TIRA due to backdoor roth
Replies: 54
Views: 2379

Re: Few dollars remainder in TIRA due to backdoor roth

You can convert that money to your Roth and pay tax on it. Only the actual contribution to the TIRA is limited; you can convert your contributions plus growth at any time. If there is a conversion minimum then just make sure you convert it next year. The tiny amount left in the TIRA will not have m...
by GuySmiley
Sun Jan 12, 2020 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Few dollars remainder in TIRA due to backdoor roth
Replies: 54
Views: 2379

Re: Few dollars remainder in TIRA due to backdoor roth

Ask your broker to convert the residual balance left over from the past conversions. I would not use the word "rollover". When I've converted residual balances in the past (which I must do every year in my wife's account), I have not been asked to fill out any additional forms. BTW, the max refers t...
by GuySmiley
Sun Jan 12, 2020 9:35 am
Forum: Personal Investments
Topic: 529 AA survey
Replies: 26
Views: 1390

Re: 529 AA survey

Age-based aggressive for mine. No other accounts use a target date option, but for whatever reason I decided it was appropriate here.
by GuySmiley
Tue Jan 07, 2020 7:26 pm
Forum: Personal Investments
Topic: 529/College savings plan for Texas resident
Replies: 6
Views: 436

Re: 529/College savings plan for Texas resident

I would suggest not using the TX plan. I moved out of that after seeing how high the expense ratios were. Currently using NV plan from Vanguard.
by GuySmiley
Wed Jan 01, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 11140

Re: How much were you able to save this year?

For 2019, tough to say since a decent chunk was simply moved around but probably around 40%.
For 2020, the count is at $13K so far (2 IRA contributions and an employer HSA contribution). Not a bad morning's work!
:sharebeer
by GuySmiley
Sat Dec 28, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: House Payoff: Not 'Should I?', but 'Did.' Anything I'm missing?
Replies: 32
Views: 4077

Re: House Payoff: Not 'Should I?', but 'Did.' Anything I'm missing?

Congrats! I've done this 3 times. Also look into the return of escrow money, if applicable.
by GuySmiley
Tue Dec 17, 2019 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: unexpected MedicareRx plan bill?
Replies: 4
Views: 521

Re: unexpected MedicareRx plan bill?

Thank you both. We called, this was legitimate. The issue was that Medicare wasn't informed of her foreign address, therefore she has been covered this whole time, despite not making any use of it. No bill made it her way previously due to subsidies, which expired at the end of the year. The correct...
by GuySmiley
Tue Dec 17, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: unexpected MedicareRx plan bill?
Replies: 4
Views: 521

unexpected MedicareRx plan bill?

Hi all, asking a question regarding my MIL. Her English is not strong so I help with various paperwork. She became a permanent resident in her late 50s, US citizen in her early 60s, now late 60s, lives in her home country, and visits the US perhaps one month out of the year. Today a bill arrived in ...
by GuySmiley
Sat Dec 07, 2019 6:51 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 14291

Re: Tax Deferred : Taxable : Tax Free

marcopolo wrote:
Sat Dec 07, 2019 6:39 pm
I include HSA in tax-free since i intend to spend it on medical expenses.
Curious what your reasoning is for including it in tax-deferred?
Just to be more conservative about it. I have the same intent as you.
by GuySmiley
Sat Dec 07, 2019 6:33 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 14291

Re: Tax Deferred : Taxable : Tax Free

38:25:36 when I include the HSA as deferred. The Roth money actually beats the deferred money if I exclude the HSA altogether due to two main factors: 1) Taking advantage of the 2010 provision of converting deferred to Roth and spreading the tax over two years. This was done before I had a real appr...
by GuySmiley
Thu Oct 03, 2019 6:03 pm
Forum: Personal Investments
Topic: How Do I Get Out Of 61 Stock Positions?
Replies: 15
Views: 1673

Re: How Do I Get Out Of 61 Stock Positions?

Interesting situation -- in your shoes I'd probably sell the first wave in sectors you feel are overweighted. There is a decent chance you are somewhat diversified as another poster mentioned above. Timing of the rest would depend on your tax situation in the future. Some day you'll have the opportu...
by GuySmiley
Sat Sep 14, 2019 11:20 am
Forum: Personal Investments
Topic: Collectible sale and taxes
Replies: 4
Views: 381

Collectible sale and taxes

I sold a collectible through an auction house, with the gains to be taxed at 28% if I understand correctly. As we are getting later in the year, I'd like to know: are the taxes due in the year of the sale, the year of the check sent to me, or the year I cash the check? Assume no additional tax forms...
by GuySmiley
Tue Sep 03, 2019 7:29 pm
Forum: Investing - Theory, News & General
Topic: For those who have bonds in taxable, why and which ones?
Replies: 42
Views: 4437

Re: For those who have bonds in taxable, why and which ones?

Wife's brokerage account, BND for sleep well at night purposes, by which I mean protection from a knife to the gut while I sleep.
by GuySmiley
Sun Sep 01, 2019 7:39 pm
Forum: Personal Investments
Topic: Learnings/Regrets from last two recessions
Replies: 91
Views: 12984

Re: Learnings/Regrets from last two recessions

For Dot com bubble, my regret/lesson was that I shouldn't chase past performance. Too heavy in Nasdaq. 2008 I held up well, no regrets. Bought a few stocks at a low price even. The lesson from that is keep working hard, focus on staying employed to support the family. By far the biggest contributor ...
by GuySmiley
Mon Aug 19, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Chronic Conditions and Wellness Exams
Replies: 24
Views: 1875

Re: Question on Chronic Conditions and Wellness Exams

OP, are you me? I could have written this exact question. I'm going to test a theory at next year's visit to see if I still get hit for $100. Assuming yes, I'll have to decide if it's worth looking for a new provider (probably not).
by GuySmiley
Tue Aug 13, 2019 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1629
Views: 230715

Re: Fidelity as a one stop shop

Is it normal that the Fidelity credit card usage email alerts arrive 2 days after the purchase is made? I'm new to this, still figuring out if I have it set up correctly. Under account alerts, I'm assuming you have it setup for "credit posted", which I typically receive that alert couple days after...
by GuySmiley
Tue Aug 13, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1629
Views: 230715

Re: Fidelity as a one stop shop

Is it normal that the Fidelity credit card usage email alerts arrive 2 days after the purchase is made? I'm new to this, still figuring out if I have it set up correctly.
by GuySmiley
Sat Aug 03, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 23
Views: 2733

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

Morningside could be a good neighborhood if you want the Edina schools (which we enjoy) in the price range you mention and don't mind an old home. Quite near Linden Hills.
by GuySmiley
Mon Jul 29, 2019 12:16 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1549
Views: 204945

Re: Post your Financial Milestone Announcements Here

Last week eliminated all individual securities except for my employer stock, which I intend to keep below 5% of portfolio. The transformation to passive total market investor focusing on tax concerns and asset allocation over stock-picking is a welcome one!
by GuySmiley
Sat Jun 22, 2019 2:20 pm
Forum: Personal Investments
Topic: Low balance Roth IRA for kids
Replies: 6
Views: 566

Re: Low balance Roth IRA for kids

Fidelity it is, and the deed is done. Thanks all!
by GuySmiley
Sat Jun 22, 2019 9:38 am
Forum: Personal Investments
Topic: Low balance Roth IRA for kids
Replies: 6
Views: 566

Low balance Roth IRA for kids

I am looking to open a Roth IRA for my 12yr old daughter this year to get her started down the path, I anticipate her making around $60 of legit, documented 3rd party income, could be more, could be less. The family currently has accounts at WF and Vanguard but I am willing to look around. My questi...
by GuySmiley
Tue Jun 11, 2019 1:57 pm
Forum: Personal Consumer Issues
Topic: Cost of mini split installation? [Ductless Air Conditioning/ Heat]
Replies: 36
Views: 3791

Re: Cost of mini split installation?

I've had mini-split installations on two homes. Work done in 2011 and 2015. LG but let's say that doesn't matter. Pardon my imprecise terminology below. Each system is an outdoor unit and either one or two "heads" (indoor wall units). $6000 for a one-head system, and $7500 for a two-head system. I d...
by GuySmiley
Sat Jun 01, 2019 11:35 am
Forum: Personal Investments
Topic: 8606 - Pro Rata Rule for IRA to Roth IRA Conversions
Replies: 17
Views: 750

Re: 8606 - Pro Rata Rule for IRA to Roth IRA Conversions

Not your question, but I don't believe a 2016 contribution can be made in June 2017. I thought the deadline for any given year is April 15 of the following year.
by GuySmiley
Thu May 30, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife and I cancel our Whole Life Insurance policies?
Replies: 31
Views: 2547

Re: Should my wife and I cancel our Whole Life Insurance policies?

I remember the weird feeling of my term life guy, immediately (within seconds) upon signature of that policy, pitching that I convert it to whole life for college-related purposes, something about sheltering for financial aid. Made no sense to me, fortunately I passed as I knew term was what I was s...
by GuySmiley
Sun May 26, 2019 11:41 am
Forum: Personal Investments
Topic: Debt Free! Need Help to Develop New Game Plan
Replies: 6
Views: 858

Re: Debt Free! Need Help to Develop New Game Plan

Congrats! In your shoes I'd fund a Roth IRA before 529 but be advised children are expensive -- I'm not talking about college savings, I'm talking about the first 18 years.
by GuySmiley
Mon May 06, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: "Shopping for Healthcare" - How Use an HSA Effectively
Replies: 30
Views: 2441

Re: "Shopping for Healthcare" - How Use an HSA Effectively

This is less about the HSA than the HDHP itself. I have two things to contribute here: 1) Sick visits are cheaper at a Target clinic or place like that vs. normal doctor visit 2) For my plan, annual physical (well check) is free BUT I was recently charged "split billing" since I added a non-routine ...
by GuySmiley
Fri Apr 26, 2019 10:40 am
Forum: Personal Finance (Not Investing)
Topic: umbrella insurance negative cost?
Replies: 16
Views: 2011

Re: umbrella insurance negative cost?

Spoke with my insurance agent, he called Travelers and they confirmed it was legit and the likely key factor was that I paid off the mortgage after my most recent premium payment, which lowered the risk factor. I must be missing something. Why would your risk of a large loss decrease after paying o...
by GuySmiley
Tue Apr 23, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Underassessment by County Assessor
Replies: 29
Views: 2163

Re: Underassessment by County Assessor

Years ago, prior to selling my first home, I went in to the county assessor office and provided documentation that my home was larger than they had on record. I wanted the true details of the house to be public (even at the cost of higher taxes) so that the value was estimated higher on Zillow. Tha...