Search found 37 matches

by joe-kr
Tue Apr 28, 2020 8:35 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5437
Views: 1349872

Re: What Movie Have You Recently Watched?

BAD EDUCATION (2019) On HBO. Rotten tomatoes approval of 90% Directed by Cory Finley. With Hugh Jackman, Ray Romano, Welker White, Allison Janney. A Long Island school superintendent and his assistant are credited with bringing the district unprecedented prestige. Frank is a master of positive mess...
by joe-kr
Thu Apr 23, 2020 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Exit Interview
Replies: 78
Views: 5763

Re: Exit Interview

I always liked this quote, “HR is not there to protect the employee, they are there to protect the company FROM the employee”

In the exit interview, just say how much you loved working there and thanks for the opportunity, then bye.
by joe-kr
Sun Apr 19, 2020 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on how to file taxes for teenager
Replies: 19
Views: 700

Re: Advice on how to file taxes for teenager

sled777 wrote:
Sun Apr 19, 2020 5:46 pm
I file because my daughter has a Roth IRA she contributes too. The filing shows her taxable Compensation for this purpose even though she owed no taxes.
My daughter also has a Roth. Is the reason for filing just record keeping? Or is it required to file with Roth? Thanks.
by joe-kr
Sun Apr 19, 2020 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on how to file taxes for teenager
Replies: 19
Views: 700

Re: Advice on how to file taxes for teenager

jebmke wrote:
Sun Apr 19, 2020 5:31 pm

If taxes were withheld, the only way to get them refunded is to file.
Yes, good point. In my daughter’s case, she filed an Exempt W4. But they still take out for SS, Medicare, and NJ Unemployment insurance. I believe those have to be paid regardless of exempt status.
by joe-kr
Sun Apr 19, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on how to file taxes for teenager
Replies: 19
Views: 700

Re: Advice on how to file taxes for teenager

Can I ask, why file at all? This is assuming the teen earned less then $12,200, and did not have unearned income (interest, etc) over $1,100.

I was not planning on filing for my 17 year old because of the above rules. I want to make sure I’m not missing a good reason to file anyway.
by joe-kr
Sat Apr 18, 2020 6:23 pm
Forum: Personal Investments
Topic: Recommended stock and bond ratios for 529s?
Replies: 12
Views: 602

Re: Recommended stock and bond ratios for 529s?

I use the Virginia 529 and they have similar choices. I went with passively managed. One strange thing about the CA plan is they don’t seem to offer an Intl fund in the single fund options. In my 529, I setup 50/50 stock/bond for my 12 and 13 year old. So the simplest for you is to do the same with ...
by joe-kr
Mon Apr 13, 2020 3:57 pm
Forum: Personal Consumer Issues
Topic: Stale Gasoline?
Replies: 25
Views: 1824

Re: Stale Gasoline?

I try to keep 20 gallons in my shed (4 five gallon containers). In the summer, it’s used for the lawn tractor, and in the winter, mostly for the generator and snow blower. But this past winter, I did not use either. I find it’s a pain to rotate and keep them filled. But I will be happy I have them i...
by joe-kr
Mon Apr 13, 2020 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Received First Extra $600 Unemployment Payment
Replies: 3
Views: 1115

Re: Received First Extra $600 Unemployment Payment

I was hoping for a “catch-up” lump sum, but received just this one payment so far. I found this news article: “The state (NJ) said people already collecting unemployment will “begin to see their $600 supplemental unemployment benefit arrive April 14 (for the week of March 30th).” We’ll have to wait ...
by joe-kr
Mon Apr 13, 2020 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Received First Extra $600 Unemployment Payment
Replies: 3
Views: 1115

Received First Extra $600 Unemployment Payment

My wife has been on NJ unemployment for a few months (before Covid19), and today I see the first extra $600 supplemental payment was deposited.

I know each state is on their own timeline but nice to see NJ got it implemented.
by joe-kr
Fri Apr 10, 2020 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus check question.
Replies: 28
Views: 2667

Re: Stimulus check question.

My oldest child will turn 18 this year, so I figured she would not qualify for the $500. But since I did not yet file for 2019, the IRS will use my 2018 taxes. My daughter was 16 in 2018, so some of the online calculators make it seem like I’ll get the $500. We’ll see when the deposit hits. Any one ...
by joe-kr
Mon Mar 16, 2020 7:12 am
Forum: Investing - Theory, News & General
Topic: $19 Trillion in Corporate Debt At Risk of Default
Replies: 167
Views: 11281

Re: $19 Trillion in Corporate Debt At Risk of Default

Thanks for your response. At this point, we just want to have some confidence our VGMM (sweep) remains liquid - and VBTLX doesn't suffer losses similar to stocks - obviously, hasn't happened historically. Seems like this "time really is different." :annoyed :shock: For Vanguard, my sweep account is...
by joe-kr
Mon Mar 16, 2020 6:53 am
Forum: Investing - Theory, News & General
Topic: $19 Trillion in Corporate Debt At Risk of Default
Replies: 167
Views: 11281

Re: $19 Trillion in Corporate Debt At Risk of Default

Best suggestion to protect ourselves? About 50% of our PF is Total bond (VBTLX); 25% is MM/Cash (25% is stock - which we've written off at this point)? Do we sell/move to MM or will that go kaput? Never thought this would be a worry - so quickly things have taken a turn. We are on cusp of retiremen...
by joe-kr
Sun Mar 15, 2020 6:26 pm
Forum: Personal Investments
Topic: Kids account for investment
Replies: 2
Views: 150

Re: Kids account for investment

I did this for my 3 kids. I used a UTMA at Merrill Edge. My oldest is going to be 18 so I’ll turn it over to her soon after that date. She’s a good saver so I’m not worried about her cashing out. I don’t think there is any downside, aside from tax issues, but that is only for large accounts that wou...
by joe-kr
Mon Mar 09, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Cost-effective home webcam?
Replies: 6
Views: 358

Re: Cost-effective home webcam?

I’ve had a good experience with this camera from Amazon: Wansview Wireless Security Camera. About $30

You can check in from your phone and listen and move the camera.
by joe-kr
Mon Dec 09, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Retired recently and buying your own insurance? How bad is it?
Replies: 54
Views: 5563

Re: Retired recently and buying your own insurance? How bad is it?

I’ve been on Cobra since I retired last year. Now I just finished shopping for my ACA plan for January. One thing to consider is your anticipated income level. In NJ, with my family of 5, I need to have income above $41,640, or my only choice will be Medicaid. I want ACA, so I will make sure my inco...
by joe-kr
Tue Nov 26, 2019 6:04 pm
Forum: Personal Consumer Issues
Topic: Hiring a kid to put Xmas lights
Replies: 56
Views: 4072

Re: Hiring a kid to put Xmas lights

Not on the main topic, but just to add how easy it is to hurt oneself working on a high ladder. A few weeks ago I was power washing the house, and using my long extension ladder. My mistake was not correctly locking the extension. I climbed to near the top, and it somehow held for a bit, then down i...
by joe-kr
Tue Oct 29, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 13872

Re: Apple Pay. Does anyone use it?

I use Apple Pay anytime I can. It is available at most stores I visit - one notable exception is Home Depot. CVS was a longtime holdout, but they take it now. Recently I was at a small store and the cashier thought they did not take it, but I tried it and it worked. He was amazed - I was surprised I...
by joe-kr
Mon Oct 21, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - tips for filling out
Replies: 25
Views: 2749

Re: FAFSA - tips for filling out

I recommend avoiding the DRT--Data Retrieval Tool, which enters data from your tax return directly into your FAFSA. Reason: I took a 401(K) distribution and rolled it over directly into an IRA; I reported it on my 1040 and noted "Rollover" and zero taxable income. However, the entire amount was inc...
by joe-kr
Thu Sep 05, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA & maxed deductible
Replies: 3
Views: 237

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: 1050

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: 3592

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: 1050

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: 1996

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: 5436

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: 349

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: 3909

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: 561

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: 2099

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: 127
Views: 18366

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: 2753

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: 2631

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: 1419

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: 1419

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: 2632

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: 285

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: 7452

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: 2474

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...