Search found 2531 matches

by HomeStretch
Fri Nov 15, 2019 8:18 am
Forum: Personal Consumer Issues
Topic: External sreaming device on smart TV
Replies: 6
Views: 170

Re: External sreaming device on smart TV

I prefer the external streaming device (roku). One of my smart TVs (LG) takes longer to connect when I go through the TV’s built-in interface versus the Roku.
by HomeStretch
Thu Nov 14, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Higher or Lower Basis first?
Replies: 17
Views: 591

Re: Sell Higher or Lower Basis first?

+1. Use any market downturn as an opportunity to sell more (at lower gains) in order to diversify more quickly.
by HomeStretch
Thu Nov 14, 2019 9:51 pm
Forum: Personal Investments
Topic: After Vanguard what’s the best place to open a solo 401k?
Replies: 9
Views: 349

Re: After Vanguard what’s the best place to open a solo 401k?

I like my Fidelity Solo 401k and drop off a check (in return for a free water) at a nearby office that I pass by regularly. No experience with E*Trade, but I am considering amending my plan to move to E*Trade for the ability to do Roth deferrals and in-plan Roth rollovers. They have no trading fees ...
by HomeStretch
Thu Nov 14, 2019 8:34 pm
Forum: Personal Investments
Topic: Does vanguard allow transfer from sep-IRA to individual 401k?
Replies: 3
Views: 150

Re: Does vanguard allow transfer from sep-IRA to individual 401k?

I believe the answer is no if it is a prototype 401k plan as Vanguard does not allow rollovers in. Other providers like Fidelity and E*Trade will allow it.
by HomeStretch
Thu Nov 14, 2019 8:09 pm
Forum: Personal Investments
Topic: Portfolio review. How’s it look?!
Replies: 2
Views: 362

Re: Portfolio review. How’s it look?!

Congratulations on your recent marriage! International allocation is a personal decision so go with what works for you. Agree with moving away from Lending Club. Your goal of living on one salary makes sense given the amount of your spouse’s debt. I personally would contribute enough to get 401k mat...
by HomeStretch
Thu Nov 14, 2019 7:28 pm
Forum: Personal Investments
Topic: Portfolio Advice - Near Retirement - New Investor Needs Help!
Replies: 14
Views: 921

Re: Portfolio Advice - Near Retirement - New Investor Needs Help!

Nice job planning how best to reallocate tax-efficiently across your accounts!

When you can, consider moving bonds out of your Taxable account to a tax-deferred account.
by HomeStretch
Thu Nov 14, 2019 7:14 pm
Forum: Personal Consumer Issues
Topic: Non-Specific Return Address
Replies: 10
Views: 519

Re: Non-Specific Return Address

Test it out by mailing one to yourself that way. Sorry to hear your HOA is so bad that you have to resort to an anonymous letter. I know you don’t mean the letter this way but I would find receiving an anonymous letter creepy and would tend to ignore it (if I even read it) because it was anonymous. ...
by HomeStretch
Thu Nov 14, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: How Worried Should I Be/Is there anything I can do right now? (job offer/background check)
Replies: 28
Views: 2015

Re: How Worried Should I Be/Is there anything I can do right now? (job offer/background check)

Try not to stress until you know there is an issue. Practice (in front of the mirror) concise unemotional answers to questions about the charges that were dismissed and the small medical debt balance that is in collections. Be honest, don’t lie (especially on a job application; sometimes it’s a lie ...
by HomeStretch
Thu Nov 14, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Higher or Lower Basis first?
Replies: 17
Views: 591

Re: Sell Higher or Lower Basis first?

Depends.

If I had space to sell the lots with the lowest basis with zero capital gains, I might choose that route.

If I was in a high income/high tax year, I might choose to sell the lots with the highest basis.
by HomeStretch
Thu Nov 14, 2019 4:12 pm
Forum: Investing - Theory, News & General
Topic: Why would a CPFA recommend high fee funds?
Replies: 37
Views: 1372

Re: Why would a CPFA recommend high fee funds?

If the HR person isn’t attending with you, be prepared (worst case) for the CPFA to not be “persuaded” despite your facts/eloquence to change his recommendations and for the HR person to decide to go with the “expert” recommendation. If you get that impression, perhaps you can draft a concise memo a...
by HomeStretch
Thu Nov 14, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Small business records move and storage costs
Replies: 7
Views: 295

Re: Small business records move and storage costs

Do you have to access the records? If not, rather than paying $1k to move perhaps you might continue to use same storage service. At the end of 7 years, discard what’s there.

Alternatively can you rent a truck and load/drive them yourself to the next state?
by HomeStretch
Thu Nov 14, 2019 3:50 pm
Forum: Personal Investments
Topic: Widow and investments
Replies: 26
Views: 2741

Re: Widow and investments

Can you clarify: 1. whether your total portfolio (including cash to be invest and excluding emergency fund) is $170k or $100k as your first and latest posts seem to say something different to me (see below)? 2. Your latest post says you “want to keep the cash/fixed income aspect” of your portfolio. ...
by HomeStretch
Thu Nov 14, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: Why would a CPFA recommend high fee funds?
Replies: 37
Views: 1372

Re: Why would a CPFA recommend high fee funds?

Consider: 1. Have the company decision-maker in the meeting or on the call with you. 2. You might want to find a white paper or two from Vanguard if there is one about how high ERs/fees are bad 3. Have the names handy of the companies/universities that have recently lost lawsuits brought by employee...
by HomeStretch
Thu Nov 14, 2019 2:29 pm
Forum: Investing - Theory, News & General
Topic: Why would a CPFA recommend high fee funds?
Replies: 37
Views: 1372

Re: Why would a CPFA recommend high fee funds?

Your company should be very leery of offering predominantly high ER funds in its 401k plan. There have been lawsuits due to this in recent years. Who is the company person responsible for the 401k plan (likely CFO or VP Finance)? While it can make sense to use a fiduciary advisor to make fund choice...
by HomeStretch
Thu Nov 14, 2019 11:52 am
Forum: Personal Investments
Topic: Short term losses to offset short term gains
Replies: 9
Views: 427

Re: Short term losses to offset short term gains

You are right. If you had short term capital losses of $10,000 and short term gains of $6,000 (and no long term gains/losses), $6,000 of losses would offset the gains of $6,000, then $3,000 of the loss would offset ordinary income and the remaining loss of $1,000 would carry forward. I can’t recall ...
by HomeStretch
Thu Nov 14, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW job loss transition period bonus negotiation
Replies: 17
Views: 1129

Re: Need Help - DW job loss transition period bonus negotiation

It’s good DW wants to leave on good terms. But two-weeks notice is reasonable in her situation. She was given a termination notice, asked to train a superstar replacement that was not recruitable, and now (if she stayed on) she would be training a “reasonable replacement”.
by HomeStretch
Thu Nov 14, 2019 10:47 am
Forum: Personal Investments
Topic: Roll Roth 401K (Previous Employer) into Roth IRA with Vanguard?
Replies: 6
Views: 178

Re: Roll Roth 401K (Previous Employer) into Roth IRA with Vanguard?

I personally would rollover the Roth 401k to a Roth IRA for accessibility to contributions.

If money frees up, consider establishing a prototype Solo 401k Plan to allow contributions related to your 1099 business income.
by HomeStretch
Thu Nov 14, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: Garage Generator Install
Replies: 29
Views: 1512

Re: Garage Generator Install

Your plan to install a generator in a garage attached to your house sounds unsafe. My town requires a permit for generator installs. The unit has to be installed outdoors and xx feet from anything that would allow carbon monoxide into the home like a venting window or AC unit. What you are proposing...
by HomeStretch
Thu Nov 14, 2019 8:49 am
Forum: Personal Investments
Topic: Portfolio Advice - Near Retirement - New Investor Needs Help!
Replies: 14
Views: 921

Re: Portfolio Advice - Near Retirement - New Investor Needs Help!

My company stock is really an ESOP balance that I can take out once I'm 62. I have already sold all my regular company stock in previous years. If you aren’t familiar with it, before you make a distribution of company stock from the ESOP research the Net Unrealized Appreciation rules. Here’s a link...
by HomeStretch
Wed Nov 13, 2019 11:04 pm
Forum: Personal Investments
Topic: New Member - Portfolio Allocation Feedback
Replies: 11
Views: 570

Re: New Member - Portfolio Allocation Feedback

Your plan to adjust your holdings makes sense and the placement is tax-efficient. The only issue as you are aware is the >50% in GOOG stock. Even with the large capital gains, I would suggest reducing the holding starting soon. Incredible that Schwab intelligent Portfolios would invest a $6k Roth in...
by HomeStretch
Wed Nov 13, 2019 8:55 pm
Forum: Personal Consumer Issues
Topic: Where to donate refrigerator, washer, dryer
Replies: 8
Views: 612

Re: Where to donate refrigerator, washer, dryer

Some Salvation Army and Habitat for Humanity locations in my area will accept donations of appliances in good working order. Not all will pick up but that varies.
by HomeStretch
Wed Nov 13, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: CIT Bank Promotion
Replies: 0
Views: 229

CIT Bank Promotion

Per a post today at DoctorofCredit, I signed up for a CIT Bank Savings Builder Account with a bonus of $150 for a deposit of $25,000-$49,999 or $300 for $50,000+. With a balance of $25,000+ the account has a 1.85% APY. Offer is valid through 12/31/19. For New Customers, the promo code is Bonus19 and...
by HomeStretch
Wed Nov 13, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA guidance
Replies: 8
Views: 595

Re: Roth IRA guidance

Welcome! Does your 401k plan allow after-tax (non Roth) contributions and, if so, does it allow in-plan Roth rollovers or in-service rollovers to a Roth IRA (mega backdoor)? If so, consider doing a mega backdoor up to the limit ($56k < age 50 for 2019) as earnings are tax-free before contributing to...
by HomeStretch
Wed Nov 13, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW job loss transition period bonus negotiation
Replies: 17
Views: 1129

Re: Need Help - DW job loss transition period bonus negotiation

If your wife wants the 6 week bonus from her current employer, she needs to stay until mid-December per original terms of the offer. Can she push back the start date at new job by two weeks? If not, she should give notice ASAP to current employer that she will be leaving in two weeks. Even if she fo...
by HomeStretch
Wed Nov 13, 2019 6:17 pm
Forum: Personal Investments
Topic: Inherited 403(b) question
Replies: 5
Views: 272

Re: Inherited 403(b) question

The Fidelity 403b has institutional funds with better ERs than you would have in a retail IRA account. If there is a compelling reason to move the 403b account right now, that’s fine but if not then leaving it in the 403b is fine too.
by HomeStretch
Wed Nov 13, 2019 2:51 pm
Forum: Personal Investments
Topic: Recently married, early 30's portfolio/fire advice?
Replies: 23
Views: 2043

Re: Recently married, early 30's portfolio/fire advice?

Is there a Transamerica administrative fee added to the ERs of Plan funds? Spouse has a Transamerica plan where .75% admin fee is added to fund ERs so VTSAX Vanguard TSM Fund Is .79%. Doesn’t change that the Fidelity 500 fund looks like the best choice but just prepare yourself in case you see a hi...
by HomeStretch
Wed Nov 13, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Fixing a bad inherited tIRA situation
Replies: 8
Views: 703

Re: Fixing a bad inherited tIRA situation

Has the executor considered retaining an estate attorney experienced in Z’s state of residence to advise and to recommend a knowledgeable accountant?
by HomeStretch
Wed Nov 13, 2019 2:07 pm
Forum: Personal Investments
Topic: SIL retirement puzzle
Replies: 49
Views: 3353

Re: SIL retirement puzzle

From the additional information you posted, it sounds like buying a home (and perhaps car) is a given. Given that, your post touches on all the right things namely: 1. The lower the home cost (but in excellent condition) the better, 2. Keeping to a realistic frugal budget 3. Keeping portfolio withdr...
by HomeStretch
Wed Nov 13, 2019 1:52 pm
Forum: Personal Investments
Topic: Retiring soon and need help
Replies: 19
Views: 2179

Re: Retiring soon and need help

If you have Net Investment Income and your joint Modified Adjusted Gross Income (MAGI) is > $250k, then the lesser of your investment income or MAGI in excess of $250k is subject to the 3.8% tax. So yes the taxable IRA/401k distribution (that you later convert to Roth IRA) reported on Form 1099R wil...
by HomeStretch
Wed Nov 13, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 95
Views: 6590

Re: The difficulty of discarding frugality?

Add $10 more to have them deliver a ready-to-eat meal. "frugal" becomes cheap/abusive when your refusal to spend money causes work for others. If they can afford to pay for housekeeping/laundry/lawn work/home repairs/food delivery, get them started on doing that as soon as possible. Explain that yo...
by HomeStretch
Wed Nov 13, 2019 1:14 pm
Forum: Personal Investments
Topic: Recently married, early 30's portfolio/fire advice?
Replies: 23
Views: 2043

Re: Recently married, early 30's portfolio/fire advice?

I am currently checking to see where my money could go with Transamerica now so I can start contributing and my wife is going to increase her contributions to get much close to $19,500 in 2020. I just spoke to them and by default, my contributions would go into JPMorgan SmartRetirement 2045 R2. Exp...
by HomeStretch
Wed Nov 13, 2019 12:33 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11071

Re: Saving seats on Southwest

There is simply no need to be a jerk and try to teach the mom a lesson by potentially forcing her to sit away from her two kids. I don’t believe anyone was advocating anyone be a “jerk” or refuse to move if asked politely in the hypothetical situation presented by another poster. My points are that...
by HomeStretch
Wed Nov 13, 2019 12:20 pm
Forum: Personal Investments
Topic: Retiring soon and need help
Replies: 19
Views: 2179

Re: Retiring soon and need help

I wasn’t sure from your post what your expected marginal tax rates (in the absence of Roth conversions) will be over the course of your retirement. Have you done an analysis by year through age 95 of your income/deductions/marginal tax rate(s)? I include any IRMAA surcharges or NIIT in the marginal ...
by HomeStretch
Wed Nov 13, 2019 11:45 am
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11071

Re: Saving seats on Southwest

I don't understand how paying up to pick two aisle seats across from each other (not SW) would be considered rude. I just did that myself. Booking two aisles is not the same as picking them on SWA. Perhaps rude is too harsh, consider inconsiderate or indifferent or lack of empathy. Imagine a mom wi...
by HomeStretch
Wed Nov 13, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Question on personal accounting costs for tax preparation
Replies: 10
Views: 561

Re: Question on personal accounting costs for tax preparation

TurboTax Deluxe CD (or possibly download) will handle everything you listed. As suggested, to recreate the 2018 return and, when done, compare to accountant’s version.
by HomeStretch
Wed Nov 13, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: adult child moving back
Replies: 29
Views: 3763

Re: adult child moving back

Only you know your daughter and, if you agree, written rules sound like a good idea. Consider whether your support now to age 22 daughter will allow her to become fully/more easily self-supporting for life. The Trust sounds like a good recommendation. Is it possible or make sense to name a trusted (...
by HomeStretch
Wed Nov 13, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Laurel Road / Mohela Student Loan Payment Not Applied
Replies: 4
Views: 178

Re: Laurel Road / Mohela Student Loan Payment Not Applied

+1 it’s likely the only way to resolve the issue.
by HomeStretch
Wed Nov 13, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Retiring in early 2020, want to stuff preferred tax vehicles?
Replies: 15
Views: 940

Re: Retiring in early 2020, want to stuff preferred tax vehicles?

Your HR group likely won’t allow you to withhold 100% for benefit plan contributions as there needs to be enough net pay to cover any payroll tax withholdings.
by HomeStretch
Wed Nov 13, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 95
Views: 6590

Re: The difficulty of discarding frugality?

It’s a hard mentality to shed for some. It’s good to work on it as it can become more problematic as one ages and needs to spend money to provide day-to-day assistance to continue to live independently IMO, I see it with parents/in-laws in their 80s. They have trouble recognizing that the most fruga...
by HomeStretch
Wed Nov 13, 2019 10:53 am
Forum: Personal Investments
Topic: SIL retirement puzzle
Replies: 49
Views: 3353

Re: SIL retirement puzzle

I’m a little confused. Most members agree that a 3-4% withdrawal rate is workable, why doesn’t it work in my sil’s scenario? Isn’t the math exactly the same except on a smaller scale? In my post above, my opinion was SIL could not afford a $200k house with a $413k portfolio as her numbers are just ...
by HomeStretch
Wed Nov 13, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Timing on self-employment and income tax
Replies: 12
Views: 440

Re: Timing on self-employment and income tax

So nothing in the business is taxed? Just trying to get the rough estimates but will source a professional tax/CPA accountant to actually do the filings/accounting. Bolding above added by me. If your business is a “partnership” for Federal and state tax reporting purposes, the business will file an...
by HomeStretch
Wed Nov 13, 2019 4:01 am
Forum: Personal Investments
Topic: Do you batch 529 reimbursement or match costs?
Replies: 14
Views: 1085

Re: Do you batch 529 reimbursement or match costs?

OK, the school's response is that the used to show the billed amount for Fall and Spring in Box 2 of 1098-T. But now the put the qualified amount paid in the calendar year in Box 1. There was a change starting with 2018 where schools are now required to report amounts paid in the calendar year, whe...
by HomeStretch
Wed Nov 13, 2019 3:23 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 71
Views: 4289

Re: Are complicated credit card cash back strategies worth it?

It’s worthwhile to me to use higher-reward (>2%) cash back cards for highest expenses (restaurant, grocery, gas and phone/cable/internet) and a 2% card for everything else. Barclaycard Uber gives 4% cash back at restaurants The Uber card recently announced restaurant benefit will be reduced to 3%, p...
by HomeStretch
Wed Nov 13, 2019 2:34 am
Forum: Personal Investments
Topic: Recently married, early 30's portfolio/fire advice?
Replies: 23
Views: 2043

Re: Recently married, early 30's portfolio/fire advice?

Your joint take home pay is $132k/year + more if any bonuses. After rent and other expenses of $48k/year, you have $84k/year (+ bonuses) available for savings in addition to your wife’s current 401k contribution. You should be able to (using 2019 limits): 1. Contribute to long-term retirement saving...
by HomeStretch
Wed Nov 13, 2019 2:17 am
Forum: Personal Finance (Not Investing)
Topic: How to Calculate Qualified Expense (for 529 Plan) for College Student Living at Home
Replies: 19
Views: 1322

Re: How to Calculate Qualified Expense (for 529 Plan) for College Student Living at Home

Left unspecified by that document is how one determines "the fair rental value of the home”. I am going to use “allocated actual” housing expenses to determine qualified 529 expenses. Using “fair rental value” (which is probably higher) as the basis for qualified 529 expenses *might* require the pa...
by HomeStretch
Wed Nov 13, 2019 2:08 am
Forum: Investing - Theory, News & General
Topic: Defined contribution vs defined benefit retirement plans
Replies: 12
Views: 526

Re: Defined contribution vs defined benefit retirement plans

There is a reason why defined benefit plans, which were once the predominant retirement benefit plan, have been mostly replaced by defined contribution plans. With the latter, companies know their annual expense and it is a less expensive benefit plan overall. In most cases, defined contribution pl...
by HomeStretch
Wed Nov 13, 2019 1:33 am
Forum: Investing - Theory, News & General
Topic: Defined contribution vs defined benefit retirement plans
Replies: 12
Views: 526

Re: Defined contribution vs defined benefit retirement plans

A defined benefit plan provides a participant with a future specified benefit. All risk associated with investment choices, market returns and interest rates is borne by the plan sponsor. A defined contribution plan provides a participant with a current benefit contribution. The participant is usual...
by HomeStretch
Wed Nov 13, 2019 1:19 am
Forum: Personal Investments
Topic: SIL retirement puzzle
Replies: 49
Views: 3353

Re: SIL retirement puzzle

IMO SIL’s portfolio is borderline to support retirement at age 63 and will not fund house and car purchases. Her safest route is likely to continue to work and to continue with her current free(?) living and transportation arrangements with family From age 63-64, SIL will need to withdraw $38k from ...
by HomeStretch
Tue Nov 12, 2019 10:34 pm
Forum: Personal Investments
Topic: Taxable account
Replies: 7
Views: 924

Re: Taxable account

+1 on the Taxable accounts not being tax efficient. In your Taxable account, consider holding equity mutual funds or ETFs that are more diversified, lower cost and more tax-efficient (like VTSAX/VTI U.S. TSM and VTIAX/VXUS International TSM). VTSAX was also recommended in another post - what would ...
by HomeStretch
Tue Nov 12, 2019 9:37 pm
Forum: Personal Investments
Topic: Taxable account
Replies: 7
Views: 924

Re: Taxable account

+1 on the Taxable accounts not being tax efficient. In your Taxable account, consider holding equity mutual funds or ETFs that are more diversified, lower cost and more tax-efficient (like VTSAX/VTI U.S. TSM and VTIAX/VXUS International TSM). Consider holding your bond allocation in your 401k rather...