Search found 2915 matches

by texasdiver
Fri Apr 19, 2019 9:37 pm
Forum: Personal Investments
Topic: Ever Too Much in HSA?
Replies: 14
Views: 1242

Re: Ever Too Much in HSA?

Only reason I can think of to slow down is if it has horrible fees or horrible investment options that will drag down the investment gains relative to other options for the money.
by texasdiver
Thu Apr 18, 2019 5:15 pm
Forum: Investing - Theory, News & General
Topic: Loans from 401k -- back door investing?
Replies: 57
Views: 4017

Re: Loans from 401k -- back door investing?

And, a 401k loan has no tax disadvantages versus an equivalent non-deductible loan. (Of course, comparing it to a completely different loan may have different, and irrelevant, results.) This is the basis for my claim that "double-taxation" is a mental illusion. Exactly. Therefore the loan interest ...
by texasdiver
Tue Apr 16, 2019 6:46 pm
Forum: Personal Investments
Topic: 401K Profit Sharing
Replies: 7
Views: 457

Re: 401K Profit Sharing

My wife was previously with a smaller non-profit clinic that had a profit sharing plan. They dropped a single annual deposit into her account. There were a few other minor re-deposits of earnings and such during other parts of the year but it was only every late Feb that she saw a substantial deposi...
by texasdiver
Tue Apr 16, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: "When Adding to Your Retirement Account is a Bad Idea"
Replies: 29
Views: 3742

Re: "When Adding to Your Retirement Account is a Bad Idea"

I'm confused. What does the author suggest that the $16 million 401(k) account holder do with her $16 million if not actually spend it? Just keep it stashed away and sheltered from taxes forever? Oh wait...I get it! He wants you to give up your tax deduction and instead give him the money to put in ...
by texasdiver
Tue Apr 16, 2019 11:33 am
Forum: Personal Consumer Issues
Topic: Recommend a reversible glue for sticking plastic to metal
Replies: 11
Views: 588

Re: Recommend a reversible glue for sticking plastic to metal

I'd use hot glue.

You can usually just scrape it off if necessary and do-over
by texasdiver
Sun Apr 14, 2019 9:20 pm
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 7988

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

There are some pools of money for which ETFs are the only viable investment route. For example, in my former HSA account the only investment option was through TD Ameritrade buying ETFs. So I bought Vanguard ETFs. I did, however, find it somewhat more awkward and nerve racking than simply buying pla...
by texasdiver
Sun Apr 14, 2019 8:44 pm
Forum: Investing - Theory, News & General
Topic: Loans from 401k -- back door investing?
Replies: 57
Views: 4017

Re: Loans from 401k -- back door investing?

I did a 401(k) loan....(actually a TSP loan) to generate a large enough down payment to buy my first house. The house appreciated by about 50% over the next 5 years so it worked out to my benefit vs waiting another year or two to generate the down payment by savings. One caution about 401(k) loans. ...
by texasdiver
Sun Apr 14, 2019 12:40 pm
Forum: Personal Investments
Topic: Should I cash in pension to avoid social security WEP?
Replies: 12
Views: 1103

Re: Should I cash in pension to avoid social security WEP?

With the wife 7 years younger it usually makes sense to keep the pension and go with the max survivor benefit. I would continue to evaluate as you get closer to retirement. The good thing is that for you two it really doesn't matter. I would be thinking like that if it was a COLA pension but since ...
by texasdiver
Sun Apr 14, 2019 11:49 am
Forum: Personal Investments
Topic: Best college fund living inTexas
Replies: 9
Views: 720

Re: Best college fund living inTexas

Since Texas has no income tax there are no tax issues tilting you towards a Texas-specific plan and you can pretty much choose any plan you want from anywhere. I Lived in Texas for a decade and invested in the Vanguard 529 plan for all my daughters, which is actually the Nevada plan but administered...
by texasdiver
Sun Apr 14, 2019 11:36 am
Forum: Personal Investments
Topic: Should I cash in pension to avoid social security WEP?
Replies: 12
Views: 1103

Re: Should I cash in pension to avoid social security WEP?

Could you continue working long enough to reach 30 years (or close to 30 years) of "substantial earnings" under social security? Then you could take the pension and social security with no WEP. I could but not interested in it. I'm doing some part-time consulting work and substitute teaching right ...
by texasdiver
Sat Apr 13, 2019 4:05 pm
Forum: Personal Investments
Topic: Should I cash in pension to avoid social security WEP?
Replies: 12
Views: 1103

Re: Should I cash in pension to avoid social security WEP?

is there a survivor benefit for your pension (and if so, what's the amount) and is there any significant age difference between you and your spouse? Would a survivor benefit be reduced/affected by WEP for your spouse? I still think expecting 8% annual returns for the S&P500 over the next 10 years i...
by texasdiver
Sat Apr 13, 2019 3:21 pm
Forum: Personal Investments
Topic: Should I cash in pension to avoid social security WEP?
Replies: 12
Views: 1103

Re: Should I cash in pension to avoid social security WEP?

Did you read this SSA POM on WEP? https://secure.ssa.gov/apps10/poms.nsf/lnx/0300605364 Yes, that's what I'm relying on. The lump-sum payout that Texas would pay represents only my contributions and not those of the school district. That's why the amount is so low. So I would qualify there. As I re...
by texasdiver
Sat Apr 13, 2019 3:06 pm
Forum: Personal Investments
Topic: Should I cash in pension to avoid social security WEP?
Replies: 12
Views: 1103

Re: Should I cash in pension to avoid social security WEP?

The main unknown variable is the future value of the lump sum pension rollover. at 8% annual returns if invested in an IRA it would grow to about $70,000 by age 65 and about $102,000 by age 70. By my calculations if I keep the pension, I would receive pension payments of $9,984 between ages 65 and ...
by texasdiver
Sat Apr 13, 2019 2:32 pm
Forum: Personal Investments
Topic: Should I cash in pension to avoid social security WEP?
Replies: 12
Views: 1103

Should I cash in pension to avoid social security WEP?

I have earned a small teachers pension from 9 years of teaching in Texas that will subject my future social security benefits to the Windfall Elimination Provision (WEP) because my Texas school district did not pay into social security. I am trying to figure out whether it is worth it to keep the pe...
by texasdiver
Thu Apr 11, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Torment from the IRS
Replies: 16
Views: 2290

Re: Torment from the IRS

I wonder if that's an IRS-specific thing or some kind of bank thing.

I suppose one of us can test it. Who wants to write me a $100,000.001 check and see if it clears?
by texasdiver
Mon Apr 08, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

One catch to 457b plans....I had one at a previous place of employment. When I left that job the funds were all distributed to me as taxable income and I had a huge tax bill that year. It was a tough nut to swallow because I was unemployed at the time with little income. I think 457b's are great- I...
by texasdiver
Sun Apr 07, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

There are definitely areas of the country where the pay is low, but in general I've found that public school teachers make more than people tend to think they do. What do you think that others think k-12 school teachers earn? I don't think, if I want to know this information it is very easy to look...
by texasdiver
Fri Apr 05, 2019 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

No, WEP only applies to traditional public pension programs that don't pay into social security. Not 403(b) or 457 plan savings you might have made while working in a non social security job. When the social security program was first established in the 1930s there were a variety of existing public...
by texasdiver
Thu Apr 04, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

Well, look at that, I learned something today! OP, teacher here but have nothing really to add to the conversation. I'm well-compensated in a fairly LCOL area. I feel "trapped" by the fact that I will suffer quite the monetary loss if I were to try to move or change jobs, but I'm in my home distric...
by texasdiver
Thu Apr 04, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

Well, look at that, I learned something today! OP, teacher here but have nothing really to add to the conversation. I'm well-compensated in a fairly LCOL area. I feel "trapped" by the fact that I will suffer quite the monetary loss if I were to try to move or change jobs, but I'm in my home distric...
by texasdiver
Thu Apr 04, 2019 3:47 pm
Forum: Personal Investments
Topic: Mom retired with not quite enough savings, questions about annuity
Replies: 44
Views: 5136

Re: Mom retired with not quite enough savings, questions about annuity

If you want to help, I'd do the following: 1. Try to find a good fiduciary fee-only financial advisor that you like and trust and that you think your mom will listen to and respect (i.e. someone seasoned, not some 20-something in a sharp suit). Pay for this yourself if you have to, as the cost will ...
by texasdiver
Thu Apr 04, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

It most definitely applies if the OP moves to a new state in which teachers do not pay into SS. Whatever new pension the OP's wife would earn in the new state would result in a WEP clawback of already-earned SS benefits at the old state. I know, I've been there and done that. There are 15 states wh...
by texasdiver
Thu Apr 04, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

Teacher's spouse here. Please be aware that due to the Government Pension Offset, your spouse may have a substantial reduction OR ELIMINATION of all spousal social security benefits. Please see the following: The nitty-gritty of the Government Pension Offset (GPO) is simple. If you meet both of req...
by texasdiver
Wed Apr 03, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

Lastly, I will say that I thought that living near family was nice, but not a must-have. Now that I've had a child, I'm infinitely grateful to have family close-by. When your child first starts being taken care of outside the home (whether that's daycare or kindergarten), your child is going to sta...
by texasdiver
Wed Apr 03, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

Teacher's spouse here. Please be aware that due to the Government Pension Offset, your spouse may have a substantial reduction OR ELIMINATION of all spousal social security benefits. Please see the following: The nitty-gritty of the Government Pension Offset (GPO) is simple. If you meet both of req...
by texasdiver
Wed Apr 03, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4271

Re: 11-year old with iPhone - advice on how best to manage?

The Hottest Chat App for Teens is.....Google Docs: https://www.theatlantic.com/technology/archive/2019/03/hottest-chat-app-teens-google-docs/584857/ I'm not sure if this article is entirely contradictory to my position. So what if the kids "pass notes" by Google in class? One kid pointed out the cr...
by texasdiver
Wed Apr 03, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

we are in Westchester County. one of the highest COL in the country but yes she is compensated very fairly. and i am a DUMMY! she does have a 457b in addition to the 403b. i forgot. i switched her out of the 403b due to how bad the options were and INTO the 457b. i need to find her 457b balance... ...
by texasdiver
Wed Apr 03, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6486

Re: Boglehead teachers or those married to one: some questions about career and life...

Teacher here: My wife and I went through your thought process a few years ago. She is a physician. I'm in a second career as a science teacher after working for over a decade as a marine biologist with NOAA in Alaska, Seattle, and DC. My wife's medical training brought us from Alaska to Texas where ...
by texasdiver
Wed Apr 03, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4271

Re: 11-year old with iPhone - advice on how best to manage?

PS, I'm also a HS teacher so I sort of know all the ways and methods that kids use for social media and texting. I would tell you right now that trying to read your kid's phone to check text messages and such is a fools errand. If the kid is at all sneaky there are 100s of ways they can text and co...
by texasdiver
Mon Apr 01, 2019 11:24 pm
Forum: Personal Investments
Topic: Failed land investments and what to do with it?
Replies: 86
Views: 6002

Re: Failed land investments and what to do with it?

I don't know about this particular spot in CA but I have been aware of some similar land schemes in West Texas. Beware, some of the offers to buy are just as scammy as the offers to sell. You can get bled for fees and then not actually complete a sale. If it were me. There is a place out in West Tex...
by texasdiver
Fri Mar 29, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4271

Re: 11-year old with iPhone - advice on how best to manage?

The problem with getting a kid a cell phone is it never ends. My daughter (36) and my son (33) are still on my plan. :shock: (For many plans the 3rd and 4th lines are cheap so it saved THEM a lot of money just staying on our plan). My adult 22-year old college student daughter is still on our plan....
by texasdiver
Fri Mar 29, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4271

Re: 11-year old with iPhone - advice on how best to manage?

The problem with getting a kid a cell phone is it never ends. My daughter (36) and my son (33) are still on my plan. :shock: (For many plans the 3rd and 4th lines are cheap so it saved THEM a lot of money just staying on our plan). My adult 22-year old college student daughter is still on our plan....
by texasdiver
Thu Mar 28, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4271

Re: 11-year old with iPhone - advice on how best to manage?

PS, I'm also a HS teacher so I sort of know all the ways and methods that kids use for social media and texting. I would tell you right now that trying to read your kid's phone to check text messages and such is a fools errand. If the kid is at all sneaky there are 100s of ways they can text and com...
by texasdiver
Thu Mar 28, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4271

Re: 11-year old with iPhone - advice on how best to manage?

Parent of 3 girls here, youngest is currently 12 so I've been through this 3 times now. Well, actually just 2 as the middle child is super responsible. Two easy steps to take: 1. Institute parent controls on the phone . We use Verizon and there are a bunch of parent-control options from limiting dat...
by texasdiver
Sun Mar 24, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Need clarification on foreign transaction fees for international CC use
Replies: 19
Views: 1113

Re: Need clarification on foreign transaction fees for international CC use

Our Capital One card has no foreign transaction fees. When making a purchase abroad, the initial pending amount charged is sometimes a little different than the final amount billed. It must have to do with exchange rate changes between the time the purchase is made and the time the final price is s...
by texasdiver
Sun Mar 24, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Need clarification on foreign transaction fees for international CC use
Replies: 19
Views: 1113

Re: Need clarification on foreign transaction fees for international CC use

The Costco VISA card through CitiBank has no foreign transaction fees. I'm not aware of any other hidden fees with using this card. When I use it overseas in Latin America it is just like using it at home.
by texasdiver
Sun Mar 24, 2019 4:08 pm
Forum: Personal Consumer Issues
Topic: iphone photography sites/blogs?
Replies: 3
Views: 349

iphone photography sites/blogs?

I expect like many of you I've found that my iPhone camera has gotten good enough that I rarely ever pick up the Canon superzoom or Panasonic P&S cameras that I also own. But I find that I really really don't know how to get the most out of my phone camera. I mostly or entirely just point and shoot....
by texasdiver
Wed Mar 20, 2019 10:53 pm
Forum: Personal Consumer Issues
Topic: Your favorite slow cooker cooking book?
Replies: 6
Views: 745

Re: Your favorite slow cooker cooking book?

I use two: The Complete Slow Cooker from America's Test Kitchen which has hundreds of well-tested recipes and a lot of stuff you wouldn't think of cooking in a slow cooker: https://www.amazon.com/Complete-Slow-Cooker-Appetizers-Must-Have/dp/1940352789/ I actually mostly use their previous slow cooke...
by texasdiver
Tue Mar 19, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: College for average kids
Replies: 72
Views: 4767

Re: College for average kids

Teacher here. I also have 3 kids, one is very bright, always straight As, one is very bright but somewhat unfocused and unmotivated so a few Bs but could easily do straight As, the third is very median with mostly As and Bs in HS and about a 2.5 GPA in college so far and an average SEC state school....
by texasdiver
Tue Mar 05, 2019 12:10 pm
Forum: Personal Consumer Issues
Topic: Advice on Grand Pianos?
Replies: 57
Views: 3059

Re: Advice on Grand Pianos?

Those are the worst! Depreciation is catastrophic the first several years (e.g. 50% or so). Certainly not Steinways. They generally increase in value with inflation while losing a little over time due to wear and tear if not restored. My father purchased my Steinway B in 1995 for 45 K, it's now wor...
by texasdiver
Mon Mar 04, 2019 10:16 pm
Forum: Personal Consumer Issues
Topic: Advice on Grand Pianos?
Replies: 57
Views: 3059

Re: Advice on Grand Pianos?

Just a quick response to some people above who are “it has to be grand, uprights are no substitute” type of people. It is highly unlikely your children will ever outgrow a good upright piano. In fact there are plenty of concert pianists who could never afford a quality grand piano and learned to pl...
by texasdiver
Sun Mar 03, 2019 8:32 pm
Forum: Personal Consumer Issues
Topic: Advice on Grand Pianos?
Replies: 57
Views: 3059

Re: Advice on Grand Pianos?

OP here: Took the older child on a piano shopping expedition today. Visited two piano shops in Portland. Classic Pianos which is a huge interesting old store with hundreds of new and used models and a huge restoration studio. Also went by another nearby shop that was the Steinway dealer. Daughters i...
by texasdiver
Sat Mar 02, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: Advice on Grand Pianos?
Replies: 57
Views: 3059

Re: Advice on Grand Pianos?

You have two kids, ages 12 and 15. That would mean that in no later than 6 years, your grand piano will go unused at least 9 months out of the year while your kids are at college. (Perhaps more, if they do not come home for summer break.) I'm not sure that paying $10,000 for something that your kid...
by texasdiver
Sat Mar 02, 2019 3:08 pm
Forum: Personal Consumer Issues
Topic: Advice on Grand Pianos?
Replies: 57
Views: 3059

Re: Advice on Grand Pianos?

As a lifelong piano player (both parents taught piano), nothing comes close to a grand piano. An upright is not a suitable longterm substitute imo. I would post your question here, excellent forum: http://forum.pianoworld.com/ubbthreads.php/forums/1/1/piano-forum.html I already did that. But I thou...
by texasdiver
Sat Mar 02, 2019 1:27 pm
Forum: Personal Consumer Issues
Topic: Advice on Grand Pianos?
Replies: 57
Views: 3059

Advice on Grand Pianos?

I know there are several expert musicians on these forums so I thought I'd see what folks say here before diving deep in to the piano forums. We have two daughters ages 12 and 15 who have both been playing piano for 8-9 years. They are both becoming amateur accomplished musicians for their ages but ...
by texasdiver
Thu Feb 28, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Flipping
Replies: 18
Views: 1746

Re: Flipping

Cousin of mine is a general contractor who does high-end remodeling in the Seattle area. And occasional small new construction developments. Been working there for over 20 years so so knows and has relationships with all his associated professionals and subcontractors from architects to landscapers...
by texasdiver
Wed Feb 27, 2019 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Flipping
Replies: 18
Views: 1746

Re: Flipping

Cousin of mine is a general contractor who does high-end remodeling in the Seattle area. And occasional small new construction developments. Been working there for over 20 years so so knows and has relationships with all his associated professionals and subcontractors from architects to landscapers....
by texasdiver
Wed Feb 27, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 14426

Re: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?

Unfortunately with the lack of saving most people have for retirement even $3,000 a month will be a challenge (if they can even retire). Personally I think within the next 10-15 years you will see a mass exodus out of this country to places like Mexico, Ecuador, Panama, etc... for the lower cost of...
by texasdiver
Wed Feb 27, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 14426

Re: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?

We are not yet retired and don't have a projected budget. But we plan to maintain two (and possibly 3) residences in retirement and do extensive travel between and within them so that will likely push us into that neighborhood. Residence #1: Our primary home here in the Pacific Northwest we plan to ...
by texasdiver
Wed Feb 27, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 375
Views: 40460

Re: Losing a job in your 50's...

No doubt - life is risky. Working for someone, working for yourself, not working at all (with no money in the bank) - risky. My point is, if you've been working for someone all of your life but don't have the mindset or ability to run your own shop, it will take more than just "I'm going to open a ...