Search found 19 matches

by joe-kr
Thu Sep 05, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA & maxed deductible
Replies: 3
Views: 210

Re: COBRA & maxed deductible

Yes to your question - it is continuation coverage. In my case, I’m maxing out the full 18 months. The ACA would have been a similar price for me with less coverage. Next year it should save me money due to lower income. Plus, I’ll have no choice!
by joe-kr
Sat Aug 31, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance coverage - reasonable?
Replies: 11
Views: 930

Re: Auto Insurance coverage - reasonable?

I guess you should not let a person without medical insurance drive one of your cars. But,it seems like PIP would pick up the cost anyway - with penalty. The quote below says insurance MUST pay if a driver does not have medical insurance. “ You must maintain your health coverage. If you are in an ac...
by joe-kr
Sat Aug 31, 2019 3:06 pm
Forum: Personal Investments
Topic: Timing a Down Market
Replies: 28
Views: 3242

Re: Timing a Down Market

I’m retired for about a year and I’m using the 3 fund method. The 3 etf’s are easy to pick, but the tricky part is the asset allocation. I started out at 60/40 stocks to bonds, but just wasn’t comfortable. I moved to 40/60 and now I find I don’t worry about it. So maybe that is one way to find your ...
by joe-kr
Sat Aug 31, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance coverage - reasonable?
Replies: 11
Views: 930

Re: Auto Insurance coverage - reasonable?

I’m in NJ and I dropped PIP coverage a few years ago. Like you, I always wondered why I paid for PIP when I had my own health coverage. The bottom line is that you are supposed to check with your insurance provider to make sure they will cover medical costs from auto accidents. It seems strange (to ...
by joe-kr
Wed Aug 14, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: Muni bond advice - high yield
Replies: 24
Views: 1754

Re: Muni bond advice - high yield

I would stay away. I took a quick look at the charts vs VTI, and it crashed like a stock fund in 09, but did not share in the price appreciation since then. It’s been mostly on a downward slope over the years. I think you will lose principle. Compare the chart to the Vanguard high yield tax exempt V...
by joe-kr
Tue Aug 13, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: Is this 25% savings?
Replies: 67
Views: 4935

Re: Is this 25% savings?

muffins14 wrote:
Tue Aug 13, 2019 1:16 pm

Imagine the sale price was $100 instead of $160; you wouldn’t advertise it as 100% savings just because the original price is 100% more than the sale price of $100
I think above is the best explanation for the math challenged folks. Let them chew on that example.
by joe-kr
Wed Aug 07, 2019 3:22 pm
Forum: Personal Investments
Topic: Bond help needed
Replies: 4
Views: 282

Re: Bond help needed

They both track the same index: BBG Barc U.S. Aggregate Index. But they are not the same.

AGG: 7472 holdings, over 64 B in assets
BMOIX: 3817, 1.7 B in assets.

Does it matter? Probably not and they will probably perform similarly.
by joe-kr
Wed Aug 07, 2019 1:47 pm
Forum: Personal Investments
Topic: New Jersey taxes
Replies: 58
Views: 3138

Re: New Jersey taxes

I live in Somerset county NJ (central Jersey). My house is about 600k and my taxes are just over 12k. I’m surprised at the 25k number from the OP, unless they are looking at houses over 1 mil. Or just a very high tax town. For the bonds, I own VNJUX (Vanguard New Jersey Long-Term Tax-Exempt). I woul...
by joe-kr
Thu Jul 25, 2019 5:35 pm
Forum: Personal Investments
Topic: How to transfer custodial Roth IRA after age 18?
Replies: 5
Views: 475

Re: How to transfer custodial Roth IRA after age 18?

I assume the bulk of the money in the custodial Roth is from contributions. If so, withdraw only the contributions (without penalty), and move that to your son’s new Roth. Then wait to rollover the hopefully small remaining amount at 21.
by joe-kr
Tue Jul 16, 2019 4:21 pm
Forum: Personal Investments
Topic: Ultra short term bond ETF comparison - saving account alternative
Replies: 6
Views: 885

Re: Ultra short term bond ETF comparison - saving account alternative

I’m in the same boat using Merrill with no good MM option. I tried what you are doing, but the important thing to look at is that “max drawdown”. One of the etf’s I used in the past was FLOT. It looked stable and had a higher yield. But, if you look at the 1 year chart, you will see the strange drop...
by joe-kr
Fri Jul 05, 2019 4:38 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 111
Views: 14123

Re: Moving from Vanguard to Merrill Edge

I’ve been with BOA / Merrill for many years and I’m happy with all the preferred benefits discussed above. My wife and I just moved our Trad IRA’s from Fidelity. I’m getting $900, and she is getting $1,500 for moving over 500k. But they are making her wait 9 months for the bonus. Did not care since ...
by joe-kr
Fri Jun 14, 2019 8:45 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads vs Hedgefunds [or vs. venture capital]
Replies: 33
Views: 2574

Re: Bogleheads vs Hedgefunds

nisiprius - just wanted to say thanks for your interesting and informative post above.

I like the Showtime series Billions and what they do sounds like what you described.
by joe-kr
Sun May 26, 2019 5:53 pm
Forum: Personal Consumer Issues
Topic: Central AC not Working Properly?
Replies: 37
Views: 2456

Re: Central AC not Working Properly?

I didn’t think you could just replace Freon (R-22)with Puron (R410-A), and I found this info on an HVAC website: “You cannot just switch refrigerants because R410-A and R-22 have different chemical properties. R410-A operates at a higher pressure. If you put R410-A into an R-22 system, the parts wil...
by joe-kr
Fri May 24, 2019 7:50 pm
Forum: Personal Investments
Topic: Can I open a Roth for daughter's birthday present?
Replies: 13
Views: 1346

Re: Can I open a Roth for daughter's birthday present?

You or the kid can contribute up to the amount of their taxable income (but no more), but the max is the IRA limit. The relevant limit for IRA contributions is *not* their taxable income but rather the amount of their earned income, which is to say the total of the box 1 numbers in their W-2 wage s...
by joe-kr
Fri May 24, 2019 4:15 pm
Forum: Personal Investments
Topic: Can I open a Roth for daughter's birthday present?
Replies: 13
Views: 1346

Re: Can I open a Roth for daughter's birthday present?

I just opened a Roth for my 16 year old daughter today. I prefer Merrill Edge but the rep on chat said they do not offer a kids Roth. So I used Fidelity, (they had a link for it) and had it done online in minutes. We tried it first using her info alone with Merrill as a new account, but it said she ...
by joe-kr
Sat May 11, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 On Sale
Replies: 19
Views: 2301

Re: Quicken 2019 On Sale

I'm a long time Windows Quicken 2016 user and don't like the new subscription model, so I've been wondering what to do. Thanks to the eBay idea in this thread, I purchased a 2 year, Quicken 2018 from eBay. I was careful to buy from a seller with a 100% feedback rating. And it worked fine, the best p...
by joe-kr
Wed Mar 27, 2019 8:19 pm
Forum: Personal Investments
Topic: Gift Tax Form Question
Replies: 4
Views: 252

Re: Gift Tax Form Question

My take is that the gift of 45k can be split between you and your husband. But, since you wrote one check - only to your brother, I don’t think you can say you also gave a gift to his wife. For that, I think you would have needed to write 2 checks, one to your brother and one to his wife. So you and...
by joe-kr
Thu Feb 21, 2019 7:00 pm
Forum: Personal Consumer Issues
Topic: Do you tip the guys at Home Depot?
Replies: 80
Views: 5263

Re: Do you tip the guys at Home Depot?

It’s not often that I’ve needed loading help at Home Depot, but when I did, I tipped a few bucks. They very gladly accepted it. Basically, I did not know if tipping was usual, so I dedciced to do it. Plus I assumed they don’t make a lot and it would be appreciated. Now that I’m retired, and from rea...
by joe-kr
Thu Feb 21, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Home Lab for start in IT Career
Replies: 27
Views: 2327

Re: Home Lab for start in IT Career

I would say you should decide what to focus on. Most larger companies have a server dept, a network dept, database dept, developers, etc. So if you are interested in networking, then the CCNA is a good place to start for basic routing and switching. I was a network manager and we also worked on fire...