Search found 4868 matches

by HomeStretch
Sun Sep 27, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Possible error in backdoor Roth IRA conversion
Replies: 9
Views: 274

Re: Possible error in backdoor Roth IRA conversion

Just to be more precise with the transaction descriptions... - When you say you “transferred to a traditional IRA”, do you mean you made a tax year 2019 contribution? - When you say “transferred to a Roth IRA”, do you mean that you did a conversion in 2020 to a Roth IRA? Just to be sure about the tr...
by HomeStretch
Sun Sep 27, 2020 11:29 am
Forum: Personal Consumer Issues
Topic: Anchors screws - over time do they get loose ???
Replies: 10
Views: 750

Re: Anchors screws - over time do they get loose ???

Yes, the drywall anchors may loosen with use over time. When possible, screws or nails in a stud or wood block is a better choice.

When remodeling, I have blocks of wood installed as nailers in certain wall cavities be able to mount toilet paper holders, curtain rods, etc. more securely.
by HomeStretch
Sun Sep 27, 2020 11:26 am
Forum: Personal Consumer Issues
Topic: Anchors screws - over time do they get loose ???
Replies: 10
Views: 750

Re: Anchors screws - over time do they get loose ???

Yes, the drywall anchors may loosen with use over time. When possible, screws or nails in a stud or block of wood is a better choice.

When remodeling, I have blocks of wood installed as nailers in certain wall cavities be able to mount toilet paper holders, curtain rods, etc. more securely.
by HomeStretch
Sun Sep 27, 2020 7:17 am
Forum: Personal Investments
Topic: Early Retirement Portfolio Allocation
Replies: 4
Views: 655

Re: Early Retirement Portfolio Allocation

With a low risk tolerance and a goal of capital preservation, a 3.9% withdrawal rate is high IMO. If you require $40k/year from your portfolio income before you feel comfortable shifting from W-2 to entrepreneurial ventures, consider working at your W2 job longer to build your portfolio such that yo...
by HomeStretch
Fri Sep 25, 2020 6:43 am
Forum: Investing - Theory, News & General
Topic: Download Vanguard balances prior to 2008?
Replies: 8
Views: 565

Re: Download Vanguard balances prior to 2008?

Do you have anything in your tax return support files that may include balances? If you don’t have statement copies and the financial institutions cannot provide them or a recap of balances, you may be out of luck. Perhaps whomever requires the information from you has a work-around if this is a com...
by HomeStretch
Fri Sep 25, 2020 6:23 am
Forum: Personal Consumer Issues
Topic: Prevent trex transcend deck from scratches
Replies: 5
Views: 533

Re: Prevent trex transcend deck from scratches

Consider trying rubber or plastic which are more weather resistant. Felt pads are not waterproof. Newer Trex products are scratch resistant. You can use a touchup kit to cover scratches.
by HomeStretch
Mon Sep 21, 2020 3:29 pm
Forum: Personal Consumer Issues
Topic: I found a random cord going into my subfloor?!?!
Replies: 13
Views: 1850

Re: I found a random cord going into my subfloor?!?!

Electrical cords in walls may be a hazard and are not to code in my town. Consider calling an electrician.
by HomeStretch
Sun Sep 20, 2020 5:25 am
Forum: Personal Investments
Topic: Vanguard's Roth IRA?
Replies: 9
Views: 971

Re: Vanguard's Roth IRA?

... If you have an individual vanguard account, will you be able to close that account and put everything in the Roth IRA? What type of account is the “individual vanguard account“ - traditional IRA, taxable brokerage? A taxable brokerage account balance in excess of the $6k 2020 contribution limit...
by HomeStretch
Sat Sep 19, 2020 9:04 am
Forum: Personal Consumer Issues
Topic: Getting rid of silverfish
Replies: 14
Views: 1625

Re: Getting rid of silverfish

Caduceus wrote: Sat Sep 19, 2020 9:02 am I'm really anal about cleaning, but I think he probably hitchhiked from a box of old stuff I inherited containing lots of old antique photos and a couple of century-old wood frames.
You’re probably right. I had silverfish in the house that came in with a box of old books.
by HomeStretch
Fri Sep 18, 2020 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4802

Re: Elder abuse? Elderly woman sold home for far less than market value

Without knowing all the facts first hand, sending the message to the family and leaving it at that is reasonable IMO. Unless you believe the family may not be acting in the grandmother’s best interest either. The fact that the grandchild also made a below-market matching offer gave me pause...
by HomeStretch
Fri Sep 18, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor disclosure and consent
Replies: 48
Views: 3367

Re: Doctor disclosure and consent

Dermatologists may do a mix of medical and cosmetic procedures which is likely why the consent is worded the way it is. Wait to see if it’s covered by insurance or not. I personally wouldn’t feel the need to change a competent doctor I liked (and who is pro-active about suspicious growths) over this...
by HomeStretch
Fri Sep 18, 2020 1:06 pm
Forum: Personal Consumer Issues
Topic: Toddler Education
Replies: 43
Views: 2223

Re: Toddler Education

What is your toddler’s age? Cooking can be fun and also a math exercise when it comes to measuring ingredients or counting out chips or berries to add in. How about some science experiments for kids? There are a lot available on internet sites like this one: https://funlearningforkids.com/science-a...
by HomeStretch
Fri Sep 18, 2020 11:58 am
Forum: Personal Consumer Issues
Topic: Toddler Education
Replies: 43
Views: 2223

Re: Toddler Education

What is your toddler’s age? Cooking can be fun and also a math exercise when it comes to measuring ingredients or counting out chips or berries to add in. How about some science experiments for kids? There are a lot available on internet sites like this one: https://funlearningforkids.com/science-ac...
by HomeStretch
Wed Sep 16, 2020 5:11 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 2874

Re: "Refinance" mortgage for a family member @ 2%?

Consider helping her obtain a no-cost refi with a rate probably in the 2.x % range. It may cost her an extra $30/month for an interest rate that’s maybe 0.5% higher from an unrelated lender. You could gift her $360 per year to cover the incremental interest paid.
by HomeStretch
Tue Sep 15, 2020 9:13 am
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 46
Views: 3045

Re: Caretaker for parents?

I am in a similar situation with parents, one of whom has Alzheimers diagnosed 4-5 years ago. The level of assistance needed has ratcheted up as the years progress but the resistance to outside assistance remains. At some point the care could easily exceed that which family members can provide. Care...
by HomeStretch
Tue Sep 15, 2020 8:55 am
Forum: Personal Consumer Issues
Topic: Retirement home Job opportunity for teenager / pros cons
Replies: 18
Views: 904

Re: Retirement home Job opportunity for teenager / pros cons

Is the teen in an area with low or high COVID test positivity?
by HomeStretch
Tue Sep 15, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Mega Back Door Roth and Avoiding Excess Contributions
Replies: 23
Views: 1135

Re: Mega Back Door Roth and Avoiding Excess Contributions

If you are a Highly Compensated Employee (HCE), it is possible that the results of the annual 401k testing may cause your employer to reduce your contribution limit as an HCE. Any excess contributions would be returned to you. You can ask your HR group whether this has been an issue in past plan yea...
by HomeStretch
Tue Sep 15, 2020 8:09 am
Forum: Personal Investments
Topic: Financial Review / Baby Prep
Replies: 16
Views: 1407

Re: Financial Review / Baby Prep

Check whether either employer offers a FSA for dependent care that allows you to use pre-tax $ to pay childcare expenses.
ucj11 wrote: Mon Sep 14, 2020 8:10 pm Max Backdoor Roth IRA x 2 ($13K)
Likely a typo, but 2020 IRA contribution limit < age 50 is $6k for a combined $12k.
by HomeStretch
Tue Sep 15, 2020 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Heloc, Home Equity or Cash
Replies: 1
Views: 236

Re: Heloc, Home Equity or Cash

Your $400k in cash is likely earning very little interest. Consider paying cash (rather than using debt) for your remaining $150k home improvements.
by HomeStretch
Sun Sep 13, 2020 4:49 pm
Forum: Personal Investments
Topic: 83(b) election - did I mess up?
Replies: 5
Views: 435

Re: 83(b) election - did I mess up?

Welcome to the forum! I bought ISOs from my start up in 2015 and filed and 83(b) election within 30 days. I totally did this part right, and I submitted the 83(b) election with my 2015 taxes. When you filed the 83(b) election within 30 days in 2015 with the IRS, a copy was required to be sent by you...
by HomeStretch
Fri Sep 11, 2020 8:56 pm
Forum: Personal Investments
Topic: Portfolio Review - Work In Process
Replies: 12
Views: 567

Re: Portfolio Review - Work In Process

Welcome to the forum! Moving away from the FA 0.85% AUM arrangement is reasonable. I see you have a separate thread about this. Your goal to simplify your portfolio is reasonable. - You can make changes to holdings in your tax-advantaged accounts without tax consequences. - In your Taxable account, ...
by HomeStretch
Fri Sep 11, 2020 3:47 pm
Forum: Personal Consumer Issues
Topic: Neccesities for a Man Cave
Replies: 51
Views: 3454

Re: Neccesities for a Man Cave

Comfortable seating
AC and good lighting
Kitchenette - sink, beer/wine fridge, ice maker, microwave
TV with Roku and surround sound
Separate entrance
Workout area
Books and shelving
by HomeStretch
Fri Sep 11, 2020 6:49 am
Forum: Personal Consumer Issues
Topic: Comparing health plan coverage for BCBS - how do I do it?
Replies: 11
Views: 639

Re: Comparing health plan coverage for BCBS - how do I do it?

+1 on calling your doctors’ billing department to confirm they are In-network (not just “accept”) the plans you are considering. The network healthcare provider listings on insurer websites are not always up-to-date.
by HomeStretch
Thu Sep 10, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Suggesting BIL use Roth Contributions to pay off credit card
Replies: 17
Views: 1066

Re: Suggesting BIL use Roth Contributions to pay off credit card

If BIL has contributed to the 401k for 15 years, he should have more than a $5k balance. If so, he is (usually) legally allowed to keep the 401k account at the current provider. That said, if it’s not a low-cost provider, he may be better off doing a rollover to an IRA at a low-cost brokerage assum...
by HomeStretch
Thu Sep 10, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Suggesting BIL use Roth Contributions to pay off credit card
Replies: 17
Views: 1066

Re: Suggesting BIL use Roth Contributions to pay off credit card

+1 on getting rid of the 24% CC debt. If BIL has contributed to the 401k for 15 years, he should have more than a $5k balance. If so, he is (usually) legally allowed to keep the 401k account at the current provider. That said, if it’s not a low-cost provider, he may be better off doing a rollover to...
by HomeStretch
Thu Sep 10, 2020 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to interview a buyer's agent?
Replies: 22
Views: 1200

Re: How to interview a buyer's agent?

Great points by Sandtrap.

Ask the buyer’s agent to describe to you:
- how the agent will approach your home search
- the agent’s role and responsibilities

For the top couple contenders, I’d ask to review a form of any agreement they want you to sign.
by HomeStretch
Thu Sep 10, 2020 2:52 pm
Forum: Personal Consumer Issues
Topic: Backyard patio privacy suggestions?
Replies: 15
Views: 1511

Re: Backyard patio privacy suggestions?

Is your barbecue portable where it can be moved in from the edge of the patio or to another area to make room for a cloth panel (secured on bottom and top edges with cable through grommets) or a composite/wood lattice panel? The heat from the barbecue will be an issue as these materials are combusti...
by HomeStretch
Thu Sep 10, 2020 12:22 pm
Forum: Personal Consumer Issues
Topic: Miele Appliances for New Build Condo
Replies: 32
Views: 1709

Re: Miele Appliances for New Build Condo

As you are considering a "new" build, take some time to look at the NKBA guidelines for things - while walls of appliances might look "wow" - where do you put that hot pan from the oven, those bags of groceries, anything you take out of the fridge in that example photo? You need landing zones. Make...
by HomeStretch
Thu Sep 10, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Paying estimated taxes vs waiting to pay until filing
Replies: 6
Views: 775

Re: Paying estimated taxes vs waiting to pay until filing

If you haven’t met a safe harbor threshold and need to make additional 2020 payments, consider doing it through higher income tax withholdings via payroll rather than a 3rd or 4th quarter estimated tax payment.
by HomeStretch
Thu Sep 10, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Medical billing question
Replies: 8
Views: 668

Re: Medical billing question

That is an unusually large cost difference IF you and spouse each have a large insurer and had the same preventative procedure(s) at the same provider who is in-network for both. You mentioned a HSA and a $15k deductible. You are covered by a high deductible health plan (HDHP) through a commercial i...
by HomeStretch
Wed Sep 09, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Dog Bite Case (for real - and I own the dog)
Replies: 56
Views: 7524

Re: Dog Bite Case (for real - and I own the dog)

I personally would have my insurance company handle it as one never knows what additional claim will be made by the injured person. It’s amazing that the Amazon delivery person didn’t call the police about the bite even if just to make sure the dog’s rabies shots are up-to-date. Sounds like you avoi...
by HomeStretch
Tue Sep 08, 2020 3:02 pm
Forum: Personal Investments
Topic: Father received large sum from the passing of his mother - he (I) needs guidance
Replies: 18
Views: 2367

Re: Father received large sum from the passing of his mother - he (I) needs guidance

Your father should consider avoiding a high-cost advisor-managed portfolio at JPM or Wells Fargo (WF). I helped my parents move from WF AUM accounts with complex holdings and advisor fee/high-ER funds of ~2.5% per annum. They were withdrawing 4%. They decided they would rather keep the additional 2....
by HomeStretch
Tue Sep 08, 2020 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Unreported $300 1099-R
Replies: 3
Views: 745

Re: Unreported $300 1099-R

Just in case you do receive an IRS inquiry, keep copies with your tax return of the unreported 1099-R and the 401k and IRA account statements showing the date/$ of the rollover out/in. It would be good to get access to the Millenium Trust IRA so it doesn’t become escheated as unclaimed property in t...
by HomeStretch
Tue Sep 08, 2020 8:36 am
Forum: Personal Investments
Topic: Portfolio Review (age 36/37)
Replies: 8
Views: 941

Re: Portfolio Review (age 36/37)

Good advice above on avoiding the actively-managed funds and 529 contributions for a state tax deduction. Regarding your question about holding Fidelity zero-ER funds in a Taxable account... The zero funds are proprietary to Fidelity and cannot be transferred in-kind to another brokerage. If in the ...
by HomeStretch
Tue Sep 08, 2020 8:23 am
Forum: Personal Investments
Topic: Portfolio Review
Replies: 13
Views: 1011

Re: Portfolio Review

That sounds right. I think I'm completely making this limitation up and it is in fact the IRA/401k mixing that I'm thinking of. Will call Fidelity this week and see how the rollover goes. I don’t believe you will have any issue with rollovers into a Fidelity Solo 401k. I had no issue rolling over a...
by HomeStretch
Tue Sep 08, 2020 7:11 am
Forum: Personal Consumer Issues
Topic: Need advice on roof replacement (gutters, soffits, fascia)
Replies: 6
Views: 622

Re: Need advice on roof replacement (gutters, soffits, fascia)

IMO it’s best to do it all at once if needed. Limited experience - I replaced roof twice - at move in and 20 years later. 1) Both times I replaced the gutters and down spouts at the same time due to appearance, some pinhole leaks and to increase the size on some gutters/downspouts to better handle h...
by HomeStretch
Tue Sep 08, 2020 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Ameriprise exit?
Replies: 2
Views: 527

Re: Ameriprise exit?

Moving from Ameriprise to DIY at a low-cost brokerage will likely reduce MIL’s investment costs. Consider transferring in-kind to the new brokerage. Turn off dividend reinvestment so she doesn’t buy more. Sell individual stocks and reinvest in more diversified funds taking into account her 2020 tax ...
by HomeStretch
Mon Sep 07, 2020 8:07 pm
Forum: Personal Investments
Topic: How much capital gains?
Replies: 16
Views: 1249

Re: How much capital gains?

If the cost basis method for your stock is “average cost” then your long-term capital gain would be $2,393 ( = $16,000 / $214,000 x $32,000). The capital gain tax you would pay depends on your income. Capital gain rates are 0%, 15% or 20% (+ 3.8% NIIT depending on income). If you use another cost ba...
by HomeStretch
Mon Sep 07, 2020 1:30 pm
Forum: Personal Consumer Issues
Topic: Gutter Downspout Question
Replies: 15
Views: 1638

Re: Gutter Downspout Question

Next time it rains or use a hose/water, check the gutter to see if it is contributing to the problem.
by HomeStretch
Mon Sep 07, 2020 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Can spouse waive/disclaim joint account with parent?
Replies: 13
Views: 1100

Re: Can spouse waive/disclaim joint account with parent?

I don’t know the answer to your legal question. Alternatively: 1) if making daughter a joint owner, consider reducing the balance in the joint accounts so it’s not as big a risk, or 2) daughter can be granted power-of-attorney for the accounts rather than being made a joint owner My parents added me...
by HomeStretch
Mon Sep 07, 2020 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Can anyone suggest a joint checking account?
Replies: 58
Views: 2793

Re: Can anyone suggest a joint checking account?

Very few companies issue joint credit cards (I believe BofA does). Others offer a card where one is “primary“ and the other is an “authorized user”. Be sure each of you has at least one card where you are “primary” to continue maintain a credit history.
by HomeStretch
Sun Sep 06, 2020 3:17 pm
Forum: Personal Investments
Topic: Portfolio review - FIRE 2020?
Replies: 57
Views: 4475

Re: Portfolio review - FIRE 2020?

Will you and/or spouse be eligible for Social Security? Yes, we estimate SS estimate of $40k combined if taken at 62. Once you claim SS, your withdrawal rate likely drops < 2%. For best SS claiming strategy, consider checking out opensocialsecurity.com. As SS receives cost-of-living adjustments, yo...
by HomeStretch
Sun Sep 06, 2020 1:31 pm
Forum: Personal Investments
Topic: Portfolio review - FIRE 2020?
Replies: 57
Views: 4475

Re: Portfolio review - FIRE 2020?

Will you and/or spouse be eligible for Social Security?
by HomeStretch
Sun Sep 06, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can anyone suggest a joint checking account?
Replies: 58
Views: 2793

Re: Can anyone suggest a joint checking account?

Congratulations!

Consider opening a joint no-fee checking account at a local bank or credit union. It can come in handy for notary services, safe deposit box, local ATM, redeeming paper treasury bonds, etc.
by HomeStretch
Sun Sep 06, 2020 12:02 pm
Forum: Personal Investments
Topic: Question about Roth IRA management.
Replies: 8
Views: 421

Re: Question about Roth IRA management.

Index funds with ERs < 0.2% are not bad but there are many total equity and bond funds with ERs < 0.05% (one-quarter of your funds’ ERs.

How much is the advisory fee that you are paying? There is $0 fee to DIY at Vanguard, Fidelity, Schwab, etc.
by HomeStretch
Sun Sep 06, 2020 7:19 am
Forum: Personal Investments
Topic: New to the boglehead world-ADVISE!
Replies: 14
Views: 1451

Re: New to the boglehead world-ADVISE!

Welcome to the forum! First priority is to have an emergency fund (EF) of at least 2-3 months expenses. This is important as you are down to one salary and have a lot of debt payments to service each month. If you don’t have an EF, a Roth IRA can function as one until you build an EF. Consider incre...
by HomeStretch
Sat Sep 05, 2020 3:48 pm
Forum: Personal Investments
Topic: What to do next with our money
Replies: 25
Views: 5477

Re: What to do next with our money

So, one year ago my husband had lost 2/3 of our savings in penny stocks. He learned his lesson. We have not invested our money in index funds - my husband is actually a decent stock picker in both value and growth, and his 12 months ROI has been 31% (net $19k made trading short term, doubled what m...
by HomeStretch
Thu Sep 03, 2020 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity for a friend with my wife as "successor"
Replies: 9
Views: 881

Re: Annuity for a friend with my wife as "successor"

Does your friend receive benefits through Medicaid? If so, will either a monthly lump or annuity from you impact the friend’s Medicaid eligibility?
by HomeStretch
Wed Sep 02, 2020 2:03 pm
Forum: Personal Investments
Topic: Any long-term issues with starting my teen out with Fidelity?
Replies: 31
Views: 1221

Re: Any long-term issues with starting my teen out with Fidelity?

I found Fidelity was a good fit for my kids and might be for your teen too. Fidelity offers a good package - Taxable account, Roth IRA, cash management account with ATM/debit card, online access and app with mobile check deposit. I believe having accounts there helped them get their 1st credit card ...
by HomeStretch
Wed Sep 02, 2020 12:37 pm
Forum: Personal Investments
Topic: Any long-term issues with starting my teen out with Fidelity?
Replies: 31
Views: 1221

Re: Any long-term issues with starting my teen out with Fidelity?

For earned income, your child should consider making contributions to a Roth IRA versus a Taxable account. Roth accounts grow tax free. IMO the Fidelity zero funds are fine in tax-advantaged accounts. For a Taxable UTMA account, the zero funds are not my first choice. Zero ER but the funds are propr...