Search found 4308 matches

by HomeStretch
Tue May 26, 2020 7:34 pm
Forum: Personal Investments
Topic: How do I invest for my retired mom?
Replies: 4
Views: 369

Re: How do I invest for my retired mom?

If your mom is comfortable with some equities, consider: - $20k in a high-yield savings account, - $30k in CDs, and - $70k in Vanguard VASIX LifeStrategy Income Fund (20/80 equity/fixed income) or VTINX Target Retirement Income Fund (30/70 equity/fixed income). If your mom is not comfortable with eq...
by HomeStretch
Tue May 26, 2020 7:57 am
Forum: Investing - Theory, News & General
Topic: How can I do the calculations?
Replies: 11
Views: 532

Re: How can I do the calculations?

Use tax prep software like TurboTax to estimate your 2020 taxable income/taxes with and without the capital gains from the sale of the holdings.

If you haven’t already, turn off reinvestment of dividends for the funds so you don’t buy more. You can also sell any tax lots with a loss or small gain.
by HomeStretch
Mon May 25, 2020 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 96
Views: 11050

Re: Capital One 360 Savings Promo

couple questions about this promo: 1) can my wife and I both use this promo separately and both get the $500 bonus? 2) will I need to use my SSN? I have my credit frozen so will I need to unfreeze it? thanks 1. Yes, spouse and I are doing so. We used different email addresses for each individual ac...
by HomeStretch
Mon May 25, 2020 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 96
Views: 11050

Re: Capital One 360 Savings Promo

couple questions about this promo: 1) can my wife and I both use this promo separately and both get the $500 bonus? 2) will I need to use my SSN? I have my credit frozen so will I need to unfreeze it? thanks 1. Yes, spouse and I are doing so. We used different email addresses for each individual ac...
by HomeStretch
Mon May 25, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refi 15 vs 30 years and investing rest in FXAIX
Replies: 4
Views: 560

Re: Refi 15 vs 30 years and investing rest in FXAIX

I understand not everyone feels this way but... a paid-off mortgage at retirement is desirable IMO. As you intend to retire in 15-20 years, a 15-year mortgage now can fit in well with that plan. As you have less than 15 years left on your current mortgage, part of the savings from refinancing to a 1...
by HomeStretch
Mon May 25, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with Mother-In-Law
Replies: 31
Views: 3863

Re: What to do with Mother-In-Law

Once you feel comfortable traveling and the AL facility opens to visiting nurses, perhaps travel one week per month in early retirement to get out of your small town. You could spend a week visiting possible retirement locations.
by HomeStretch
Sat May 23, 2020 11:02 am
Forum: Personal Consumer Issues
Topic: Gardening 2020
Replies: 133
Views: 9188

Re: Gardening 2020

It feels especially good this year to be planting and tending my gardens. I am excited to see the carrot, mini pumpkin and zucchini seeds I planted finally sprouting after a cooler-than-normal spring! I am trying out container corn for the first time. My herb garden and pots (for the more exuberant ...
by HomeStretch
Sat May 23, 2020 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Servicer Changing from Cenlar to Ally Bank
Replies: 8
Views: 610

Re: Mortgage Servicer Changing from Cenlar to Ally Bank

1. I personally would make the June payment in the next couple days to the old processor. Just in case the new processor has any issues with getting transferred accounts set up online quickly.

2. I have only banked with Ally (CDs). Good experience.
by HomeStretch
Sat May 23, 2020 8:14 am
Forum: Personal Investments
Topic: How to automate deductions from paycheck for investments while maintaining balanced portfolio?
Replies: 20
Views: 1056

Re: How to automate deductions from paycheck for investments while maintaining balanced portfolio?

Does your prior employer 401k plan allow rollovers in by former employees? It’s less common but it’s worth it to check.
by HomeStretch
Sat May 23, 2020 7:53 am
Forum: Personal Investments
Topic: celebrating a milestone / one year later
Replies: 3
Views: 364

Re: celebrating a milestone / one year later

Congratulations!

Be sure to give yourself a pat on the back too. As I recall, you were very motivated and did a great job reducing the number of brokers/accounts you had and getting your portfolio allocation/holdings cleaned up.
by HomeStretch
Sat May 23, 2020 6:49 am
Forum: Personal Consumer Issues
Topic: Amazon Prime delayed shipping
Replies: 38
Views: 2525

Re: Amazon Prime delayed shipping

Walmart, Amazon, Target, USPS and UPS have done well IMO during this pandemic while a majority of people in the U.S. were sheltering at home. Walmart.com has been the best for me in my hard-hit area - I have been able to periodically obtain my preferred brand of hard-to-get items like toilet paper p...
by HomeStretch
Fri May 22, 2020 4:30 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 463
Views: 15999

Re: Bird watchers – what birds are you seeing?

livesoft wrote:
Thu May 14, 2020 3:16 pm
Another fledgling who thinks I might be Mom or Dad.

Image
You are the Bird Whisperer!
by HomeStretch
Fri May 22, 2020 4:27 pm
Forum: Personal Investments
Topic: Portfolio Assistance
Replies: 5
Views: 385

Re: Portfolio Assistance

Welcome to the forum! ... Joint Taxable at Vanguard ... 4.91% American Funds American Mutual F2 (AMRFX) 0.39% 6.65% American Funds Invmt Co of Amer F2 (ICAFX) 0.38% 1.87% American Funds The Growth Fund of America® Class F-2 (GFFFX) 0.41 ... Agree with retired@50’s suggestion to try to figure out the...
by HomeStretch
Fri May 22, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance break even
Replies: 30
Views: 1644

Re: Refinance break even

... A loan balance of $1,236,712 at 3.875% has monthly payments of $6098, so I will assume that this is your balance. If you reduce the rate to 3.5%, you save $386 in interest in the first month, and almost as much in future months. Thus you come out ahead after just over one year with $5400 in clo...
by HomeStretch
Fri May 22, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance break even
Replies: 30
Views: 1644

Re: Refinance break even

The refi makes sense in my opinion even if you have to come up with cash due to a low appraisal. With the lower closing cost you posted, your payback period is short. I’ll mention again - consider paying cash for all closing costs (rather than including in loan) and paying the new loan over 27.5 yea...
by HomeStretch
Thu May 21, 2020 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance break even
Replies: 30
Views: 1644

Re: Refinance break even

... A loan balance of $1,236,712 at 3.875% has monthly payments of $6098, so I will assume that this is your balance. If you reduce the rate to 3.5%, you save $386 in interest in the first month, and almost as much in future months. Thus you come out ahead after just over one year with $5400 in clo...
by HomeStretch
Thu May 21, 2020 8:18 pm
Forum: Personal Investments
Topic: Retirement Portfolio Overhaul - Guidance on Proposed Revised Allocations
Replies: 11
Views: 960

Re: Retirement Portfolio Overhaul - Guidance on Proposed Revised Allocations

Good suggestions, above. Consider refinancing your mortgage. Mortgage rates are even better for a 15-year mortgage vs.a 30-year mortgage. Agree that the individual stocks at 3% of your portfolio don’t need to be addressed immediately. In the meantime, turn off automatic dividend reinvestment (to avo...
by HomeStretch
Thu May 21, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Renting house to in-laws
Replies: 22
Views: 1617

Re: Renting house to in-laws

What do your in-laws want to do? Do they want to pay you rent all year if they are only there part-time? I should've been clearer about this. Due to COVID-19, their thinking has evolved to a situation where they will be primarily based here but will travel to the extent possible depending on the fu...
by HomeStretch
Thu May 21, 2020 7:53 pm
Forum: Personal Investments
Topic: Portfolio review: Thinking about early retirement?
Replies: 18
Views: 1495

Re: Portfolio review: Thinking about early retirement?

I am not sure that your portfolio balance in 1 year will be sufficient to both retire completely at age 49. See rough calculation, below. But it’s always hard to predict real portfolio earnings/losses over a long retirement. Have you run any retirement projections using i-ORP or FireCalc to see if y...
by HomeStretch
Thu May 21, 2020 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Renting house to in-laws
Replies: 22
Views: 1617

Re: Renting house to in-laws

What do your in-laws want to do? Do they want to pay you rent all year if they are only there part-time?
by HomeStretch
Thu May 21, 2020 6:17 pm
Forum: Personal Investments
Topic: Portfolio Review (first time): 31 & hoping to finally take control of finances
Replies: 29
Views: 1592

Re: Portfolio Review (first time): 31 & hoping to finally take control of finances

Aim for a low-cost portfolio. Advisor fees and/or high-ER funds will significantly reduce your investment returns over your lifetime. Does your RJ advisor charge a fee to manage your taxable account? If yes, have you considered moving your RJ account to your e*Trade account (assuming you are not pa...
by HomeStretch
Thu May 21, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance break even
Replies: 30
Views: 1644

Re: Refinance break even

The $498/month lower payment is due to: (1) lower rate, (2) longer term (27.5 years to 30 years), and offset by (3) higher loan amount due to financing $4,900 of the $5,400 closing costs. Not enough information to determine whether the refinancing has a reasonable payback period. Please provide the ...
by HomeStretch
Thu May 21, 2020 1:47 pm
Forum: Personal Consumer Issues
Topic: Can I afford to buy an expensive guitar?
Replies: 34
Views: 1294

Re: Can I afford to buy an expensive guitar?

If your savings rate is 20%+ of gross income and you don’t indulge in other luxuries often (like an upgraded car), likely you can afford it. Frequent luxury purchases while building your portfolio can undermine your savings rate. A $2,900 purchase of a “want” is a personal decision between you and s...
by HomeStretch
Thu May 21, 2020 12:35 pm
Forum: Personal Investments
Topic: Portfolio Review (first time): 31 & hoping to finally take control of finances
Replies: 29
Views: 1592

Re: Portfolio Review (first time): 31 & hoping to finally take control of finances

Aim for a low-cost portfolio. Advisor fees and/or high-ER funds will significantly reduce your investment returns over your lifetime. Does your RJ advisor charge a fee to manage your taxable account? If yes, have you considered moving your RJ account to your e*Trade account (assuming you are not pay...
by HomeStretch
Thu May 21, 2020 12:05 pm
Forum: Personal Consumer Issues
Topic: Floor are slanting
Replies: 23
Views: 973

Re: Floor are slanting

If you really think the 2nd floor has a new slant due to heavy furniture recently placed on it, consult a structural engineer. You can do some fixes on squeaky floors/stairs especially if the plywood subfloor is open/accessible from the level underneath. Likely you can’t fix all squeaks with repairs...
by HomeStretch
Thu May 21, 2020 9:12 am
Forum: Personal Investments
Topic: Trying to determine our next move...
Replies: 4
Views: 600

Re: Trying to determine our next move...

Welcome! For best feedback, consider editing your original post to provide additional information in the “Asking Portfolio Questions” format found here: https://www.bogleheads.org/wiki/Asking_portfolio_questions The $60k in your high-yield savings account is a good “emergency fund” as it represents ...
by HomeStretch
Thu May 21, 2020 8:53 am
Forum: Personal Investments
Topic: Make My Portfolio for me! :)
Replies: 14
Views: 1126

Re: Make My Portfolio for me! :)

EF Fund: 10K I'll have about 72K leftover which I would like to put into the Vanguard Prime Money Market Fund (VMMXX) to act as a high yield savings account. This will be in the new General Investing account with Vanguard. I'll keep about 1500 in my checking account at the credit union and draw reg...
by HomeStretch
Thu May 21, 2020 8:28 am
Forum: Personal Investments
Topic: Please help streamlining this mess
Replies: 8
Views: 655

Re: Please help streamlining this mess

Welcome! +1 to editing your original post to include additional information in the “Asking Portfolio Questions” format found here: https://www.bogleheads.org/wiki/Asking_portfolio_questions For simplicity and ease of portfolio management, you could use a 3-fund portfolio placed tax-efficiently acros...
by HomeStretch
Wed May 20, 2020 11:11 am
Forum: Personal Investments
Topic: Our Finances - A "Check Up" Post
Replies: 8
Views: 1269

Re: Our Finances - A "Check Up" Post

+1 to retired@50's suggestion to move bonds from His/Her Roth IRAs to Her 457b. You could also simplify the accounts a bit by reducing the # of holdings held in each account and set up His 401k to hold all 4 funds so you can do all rebalancing, as needed, in just that one account. For example, you c...
by HomeStretch
Tue May 19, 2020 8:56 pm
Forum: Personal Investments
Topic: Our Finances - A "Check Up" Post
Replies: 8
Views: 1269

Re: Our Finances - A "Check Up" Post

His Employer 401k (~$90k) – Employer matches 8%, regardless of how much I contribute. Current Contributions (roughly a 15% savings rate) His 401k: $7,800 + Employer Contribution (8% match) Max His Roth IRA: $6,000 Max Her Roth IRA: $6,000 Do you mean your employer matches 8% of your contributions o...
by HomeStretch
Tue May 19, 2020 8:40 pm
Forum: Personal Investments
Topic: New Here Where To Put My Money
Replies: 19
Views: 1602

Re: New Here Where To Put My Money

I like the idea of a putting money into taxable though and pay taxes every year and so when I begin to drawdown the account I will pay even less in taxes when that time comes. Then I have my pre taxed 401k so I have both to dip into for retirement as needed. And slowly bump up 401k from 3% to 7% ov...
by HomeStretch
Tue May 19, 2020 8:36 pm
Forum: Personal Consumer Issues
Topic: Hot Tub hard water
Replies: 8
Views: 561

Re: Hot Tub hard water

1.Test your water and adjust PH etc. with chemicals as necessary
2. Perhaps your sanitizer type is bothering you or the level
Is too high (testing will tell you)
3. Shower and apply lotion afterwards
by HomeStretch
Tue May 19, 2020 8:24 pm
Forum: Personal Consumer Issues
Topic: Care for outdoor patio set?
Replies: 10
Views: 606

Re: Care for outdoor patio set?

We leave our outdoor furniture outside uncovered from April to October after giving it a good cleaning. We store most of it inside for the winter due to snow. We cover and leave our outdoor sofa and chairs out all winter as they are too heavy to move. So far all furniture looks great after 12-13 yea...
by HomeStretch
Tue May 19, 2020 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: 1040-X (amended tax return) question
Replies: 7
Views: 385

Re: 1040-X (amended tax return) question

There have been some other threads about this topic. IIRC there are backlogs as the IRS furloughed employees which impacted processing paper returns. Now that employees are being recalled to work, the backlog should go down. I sent a Form 1040-X about a month ago. I have not received the 1040-X refu...
by HomeStretch
Tue May 19, 2020 5:52 pm
Forum: Personal Consumer Issues
Topic: Sources for N95 masks
Replies: 44
Views: 3420

Re: Sources for N95 masks

If you abandon the N95 plan, look at some of the best cloth masks with a filter pocket and filter. I have seen some research showing that the best of these can be better at protecting the wearer than a surgical mask. +1. +2 BusinessInsider.com (link below) wrote about an independent lab’s testing o...
by HomeStretch
Tue May 19, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing, should we change our direction?
Replies: 12
Views: 1028

Re: How are we doing, should we change our direction?

Welcome! A paid-off mortgage is great. We paid ours off in our late 30s. Spouse and I never regretted the financial flexibility it gave us later when we had some financial curveballs like job loss. But we maxed out all retirement space before making additional mortgage principal payments. That said,...
by HomeStretch
Tue May 19, 2020 3:26 pm
Forum: Personal Investments
Topic: Individual stock for son's birthday
Replies: 54
Views: 2044

Re: Individual stock for son's birthday

If a minor, your son might most enjoy a stock in his favorite companies - Disney, etc. Great if you can buy a commemorative stock certificate.
by HomeStretch
Tue May 19, 2020 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Property on wetlands, affect on value
Replies: 11
Views: 733

Re: Property on wetlands, affect on value

What is the town’s Conservation Committee like? I personally would not build on/buy a 1 acre property with wetlands if the town’s Conservation Committee is “difficult”. My town has a very active and capricious Conservation Committee that must sign off on any building permits for homes in wetland/wat...
by HomeStretch
Tue May 19, 2020 7:16 am
Forum: Personal Investments
Topic: Switching brokerages for solo 401k
Replies: 3
Views: 211

Re: Switching brokerages for solo 401k

I use and like Fidelity’s plan. E*Trade’s plan has better features as it also allows Roth contributions and in-plan Roth rollovers. Even though you have not contributed yet, I believe you will need to amend (not close) your i401k plan to the new provider’s plan. Search for past posts by SpiritRider ...
by HomeStretch
Mon May 18, 2020 6:12 pm
Forum: Personal Investments
Topic: New Here Where To Put My Money
Replies: 19
Views: 1602

Re: New Here Where To Put My Money

Welcome!

VTSAX is a great fund and one that I use in my portfolio.

For best feedback, consider editing your original post to use the format in “Asking Portfolio Questions” here:
https://www.bogleheads.org/wiki/Asking_ ... _questions
by HomeStretch
Mon May 18, 2020 5:39 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10363

Re: Please tell me I'm not crazy [Best way to manage an EF?]

So I have a related question: I have about $4,300 available contributions into my Roth IRA for 2019. I have a HELOC. If I cannot contribute enough to my IRA by the 7/15 tax deadline, should I borrow from my HELOC (which is now at only 3.25%) to make the cut off and then quickly pay it off by August...
by HomeStretch
Mon May 18, 2020 3:39 pm
Forum: Personal Consumer Issues
Topic: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?
Replies: 43
Views: 1509

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

The VA supplies hearing aids (batteries and repairs too) for certain veterans either free or at a reduced cost.
by HomeStretch
Mon May 18, 2020 1:34 pm
Forum: Personal Consumer Issues
Topic: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?
Replies: 43
Views: 1509

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

Agree with Watty’s comment about the quality of TV built-in speakers. We added 3 external speakers with a good receiver which helped the sound clarity quite a bit.
by HomeStretch
Mon May 18, 2020 11:03 am
Forum: Personal Investments
Topic: First Post - Portfolio Advice
Replies: 10
Views: 672

Re: First Post - Portfolio Advice

Welcome! Great savings rate. Good suggestions, above. In the (near?) future, your MAGI (assuming 15% bonus) may approach the Roth IRA contribution phase-out range/limit (2020 = $124,000 - $138,999 / $139,000). When/if your MAGI makes you ineligible for a direct Roth IRA contribution, you can do a b...
by HomeStretch
Sun May 17, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: [Pay points for lower interest rate?]
Replies: 9
Views: 795

Re: [Pay points for lower interest rate?]

I personally would not pay $15k to buy down the rate due to ~7 year payback + lost earnings on $15k. But I can see why you might. 67 month payback + 293 months of payments thereafter = 360 months or 30 years of payments. Are you planning to pay the new mortgage over the 30-year new term? After livin...
by HomeStretch
Sun May 17, 2020 6:41 pm
Forum: Personal Consumer Issues
Topic: How to connect washing machine drain hose to narrow standpipe
Replies: 17
Views: 773

Re: How to connect washing machine drain hose to narrow standpipe

+1 to increase the pipe height. Until it is increased, be careful to use the right amount of detergent per the label in a new washer. Friend learned the hard way just how much high-efficiency detergent can foam (especially with a new washer) with a too-short pipe...
by HomeStretch
Sun May 17, 2020 6:29 pm
Forum: Personal Investments
Topic: First Post - Portfolio Advice
Replies: 10
Views: 672

Re: First Post - Portfolio Advice

Welcome! Great savings rate. Good suggestions, above. In the (near?) future, your MAGI (assuming 15% bonus) may approach the Roth IRA contribution phase-out range/limit (2020 = $124,000 - $138,999 / $139,000). When/if your MAGI makes you ineligible for a direct Roth IRA contribution, you can do a ba...
by HomeStretch
Sun May 17, 2020 9:48 am
Forum: Personal Investments
Topic: 10 years of excess Roth contributions
Replies: 12
Views: 1491

Re: 10 years of excess Roth contributions

Has your friend vetted that the tax accountant is familiar with dealing with excess Roth contributions?
by HomeStretch
Sat May 16, 2020 11:48 am
Forum: Personal Investments
Topic: What NOW!! [Portfolio help]
Replies: 38
Views: 2267

Re: What NOW!! [Portfolio help]

Vanguard’s AUM fee for a $9 million portfolio per their fee calculator is $23k per year. That's a lot. But a drop in the bucket compared to an $800k loss. Probably worth it. Agree that it is probably worth it. But IMO after OP moves the $9 million cash portfolio off the sidelines in November or lat...
by HomeStretch
Sat May 16, 2020 9:53 am
Forum: Personal Investments
Topic: What NOW!! [Portfolio help]
Replies: 38
Views: 2267

Re: What NOW!! [Portfolio help]

Vanguard’s AUM fee for a $9 million portfolio per their fee calculator is $23k per year. That's a lot. But a drop in the bucket compared to an $800k loss. Probably worth it. Agree that it is probably worth it. But IMO after OP moves the $9 million cash portfolio off the sidelines in November or lat...