Search found 84 matches

by LongRoad
Thu Feb 06, 2020 9:36 am
Forum: Personal Investments
Topic: Least worst fixed option for Roth IRA at Fidelity
Replies: 2
Views: 343

Re: Least worst fixed option for Roth IRA at Fidelity

As we near retirement, we are working to increase our AA on the fixed income side, and the stock run up is making that challenging. I've stopped having our stock funds dividends reinvested automatically, and now the only space we have for adjustments without tax liabilities is in our Roth IRA's hel...
by LongRoad
Sat Feb 01, 2020 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4518
Views: 868671

Re: What's Your Credit Card Rewards Strategy?

Does anyone know if you get 5% cash back on Non-Amazon gift cards purchased with the Amazon rewards card? Say for example buying starbucks gift cards through the amazon cash back card? Assuming you have Prime (since you mentioned the 5% rate), then yes, you’ll get the 5% on non-Amazon gift cards fr...
by LongRoad
Thu Jan 30, 2020 9:02 am
Forum: Personal Consumer Issues
Topic: Navigating Comcast Options
Replies: 19
Views: 672

Re: Navigating Comcast Options

Leesbro63 wrote:
Thu Jan 30, 2020 8:12 am
Truthfully it seems unethical...
Why would you feel an ethical obligation to pay for something you already know you aren't planning to use?
by LongRoad
Sun Jan 26, 2020 7:27 pm
Forum: Investing - Theory, News & General
Topic: Equity returns over the next 40 years
Replies: 87
Views: 4919

Re: Equity returns over the next 40 years

I predict ~15% annual returns for the total Martian colony stock market, particularly the bike market. Hard to predict asteroid market returns yet - if there is a population explosion of flat cats that would hurt output. We’ll be getting more food from the lunar penal colony which should help prop ...
by LongRoad
Thu Jan 16, 2020 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Leave my beneficiary 100/75/50/25 or 0% of my pension?
Replies: 57
Views: 3419

Re: Leave my beneficiary 100/75/50/25 or 0% of my pension?

If you die next week would your family be ok with X% of your pension? This is an important point, and OP should consider the worst case in addition to the more likely cases. Ideally the short term risk should already be mitigated with term life insurance, whether the OP is working or retired, as th...
by LongRoad
Thu Jan 16, 2020 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Leave my beneficiary 100/75/50/25 or 0% of my pension?
Replies: 57
Views: 3419

Re: Leave my beneficiary 100/75/50/25 or 0% of my pension?

Keep in mind that either of you will face higher tax rates as a survivor than as a couple. If you are both relatively young and healthy, there's something to be said for taking a higher benefit today and banking a portion under the current tax rates while filing as MFJ. It also sounds like your expe...
by LongRoad
Wed Jan 15, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance?
Replies: 10
Views: 910

Re: Should I Refinance?

Yes, the refinance is better unless you plan to move very soon (think < 1 yr.). If closing costs are indeed very low, your net benefit is approx. the difference in monthly interest costs, as a first approximation, IF you keep the house and mortgage for several years. Don't forget to budget for taxes...
by LongRoad
Sun Jan 12, 2020 12:58 am
Forum: Personal Investments
Topic: Portfolio Review (Please Help)
Replies: 9
Views: 753

Re: Portfolio Review (Please Help)

Consider using the Vanguard 500 Index and Small Cap Index funds in your Roth 401(k) and adjusting your Roth IRA to hold as much in International and Bonds as needed to reach your target AA.
by LongRoad
Tue Dec 31, 2019 9:01 am
Forum: Personal Investments
Topic: New to Employer 401k Plan Voya
Replies: 14
Views: 538

Re: New to Employer 401k Plan Voya

The diamonds in the rough appear to be these three funds: Vanguard Balanced Index - 0.06% BlackRock 3000 Index Fund - 0.34% BlackRock Global Equity Ex-US - 0.40% The Vanguard Balanced Fund is 60/40 US Stocks/US Bonds, which is likely a higher bond allocation than you'd prefer, but it can still be th...
by LongRoad
Wed Dec 25, 2019 7:19 pm
Forum: US Chapters
Topic: My Christmas Present to You
Replies: 106
Views: 13602

Re: My Christmas Present to You

Thank you Taylor!

Your generation’s sacrifices saved the world from an unimaginable fate.

Merry Christmas!
by LongRoad
Sat Dec 21, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Best credit cards to get with no current credit score and websites to track credit score?
Replies: 35
Views: 1245

Re: Best credit cards to get with no current credit score and websites to track credit score?

If you have verifiable income and no delinquencies on your credit report (even if your history is very thin or nonexistent), I probably wouldn't bother with a secured CC as a first option. My advice would be to talk with your Credit Union and apply for Visa cards for you and your wife (even if she c...
by LongRoad
Fri Dec 13, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: How to Zero Out FSA Balance?
Replies: 7
Views: 636

Re: How to Zero Out FSA Balance?

I received a call from my benefits administrator, notifying me that in order for my newly elected FSA to take effect on 1/1/2020, I would have to spend every last dollar and penny of this year's FSA. I agree with rkhusky that this sounds odd. The case I'm familiar with is that an existing FSA might...
by LongRoad
Mon Nov 25, 2019 9:54 am
Forum: Investing - Theory, News & General
Topic: A friend tried market prediction with machine learning
Replies: 13
Views: 2356

Re: A friend tried market prediction with machine learning

Silk McCue wrote:
Mon Nov 25, 2019 9:51 am
I enjoyed the read and the detail provided. Please let your friend know.

Cheers
+1

An alternate link given in the article for those who cannot open the original is
https://shortcircuitsandinfiniteloops.b ... arket.html
by LongRoad
Mon Nov 18, 2019 7:46 am
Forum: Personal Investments
Topic: Why do you have to "beat the market"?
Replies: 97
Views: 6747

Re: Why do you have to "beat the market"?

Getting back on topic the two of you have made the most specious and flawed argument in the entire thread for "trying" to beat the market. Someone who already has a narrow window to meet their retirement goals. Are the very people who absolutely should not take excessive risks to try and boost retu...
by LongRoad
Thu Oct 31, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 156
Views: 14628

Re: Possible Layoff: Need Assurance That We Will Be Okay

OP: Sorry to hear of your situation. Not because you're in any financial danger, but because it is obviously causing you such distress. Something that might help, if you're able. Try to distance yourself from your feelings, and read your post through a lens as if it were posted by a newcomer here. T...
by LongRoad
Mon Oct 28, 2019 10:54 am
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 229
Views: 29689

Re: I’m done with index funds

Is there an endgame strategy? Or is the strategy to eventually pass the retained gains tax-free to heirs? While I understand the significant short term benefit, over time the cumulative costs and lock-in of holding ever-increasing unrealized gains would cause me concern. In any event, congratulation...
by LongRoad
Thu Oct 24, 2019 11:47 am
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 11499

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

X528 wrote:
Wed Oct 23, 2019 7:46 pm
11 Reasons to Carry a Big, Long Mortgage by Ric Edelman:

https://smartwithyourmoney.com/11-reaso ... -mortgage/

Is Ric Edelman right or wrong?
Some of his points are too incomplete or too incoherent to even be wrong.
by LongRoad
Thu Oct 24, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Can I open and contribute to a IRA while receiving financial aid and government assistance.
Replies: 31
Views: 2211

Re: Can I open and contribute to a IRA while receiving financial aid and government assistance.

Welcome to Bogleheads! Are you willing to share which state you live in? Many programs have federal funding but are administered by states under their specific rules. Knowing your state may help to give more relevant information. For example, in states with expanded Medicaid, income is relevant but ...
by LongRoad
Tue Oct 22, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 7376

Re: Is principal portion of mortgage counted for savings rate purposes?

While I don't think of it as 'savings', being largely illiquid, transferring $100 from checking to VTSAX vs. transferring $100 from checking to your mortgage principal has exactly the same effect on your net worth. Whether the effect is equal between these options in 5 years, nobody knows.
by LongRoad
Thu Oct 17, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: [GE Pension Buyout - Calculation of lump sum]
Replies: 5
Views: 952

Re: [GE Pension Buyout - Calculation of lump sum]

Only thing I'll add is that Normal Retirement Age apparently has a special definition in a retirement plan, and it isn't necessarily the same thing as 'age eligible for unreduced benefits'. For example, my company (NOT GE) has a DB plan with a Normal Retirement Age of 65, and also offers an unreduce...
by LongRoad
Wed Oct 16, 2019 8:46 am
Forum: Personal Investments
Topic: A friend was offered an annuity by Chase
Replies: 31
Views: 2659

Re: A friend was offered an annuity by Chase

My friend had a windfall of $100,000. He is 70 and retired with no assets and $2,000 in monthly income from a small pension and social security. He went to Chase and they offered him an annuity. Honestly, I do not have enough info for you and he is not willing to come here and learn, so I guess I w...
by LongRoad
Sat Oct 12, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Offered 18-Month, 0% interest loan w/2% fee. Should I take the loan and invest or pass on the offer?
Replies: 72
Views: 5732

Re: Offered 18-Month, 0% interest loan w/2% fee. Should I take the loan and invest or pass on the offer?

Hi All, I've been offered a $20k, 18-Month, 0% interest loan w/2% fee from PNC BANK. Should I take the loan and invest or pass on the offer? IT WOULD BORROW AGAINST MY PNC CREDIT CARD WHICH IS NOT MY PRIMARY CARD. I'd have to make minimum 1% MONTHLY payments and be able to cover the loan at the end...
by LongRoad
Wed Oct 02, 2019 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Spousal Benefit - Detailed Calculation
Replies: 14
Views: 1782

Re: Calculating Spousal Benefit - Detailed Calculation

One final point, Silk McCue said: "From past threads, you won’t find many folks here claiming SS early for both spouses". And yes that is true because too many follow the standard guidance provided by calculators like "OpenSocialSecurity" which assume that you will spend all the social security ben...
by LongRoad
Sun Sep 29, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: HSA & Patient Assistance Programs
Replies: 6
Views: 387

Re: HSA & Patient Assistance Programs

The below is spot on. In the high likelihood that the HDHP plan has a co-pay accumulator provision, you’ll be able to apply the discount program (your first month or two will be covered under the annual limit of the discount program), but then you’ll quickly reach the out of pocket max as your deduc...
by LongRoad
Wed Sep 25, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Need feedback on US Bank Cash Plus credit card
Replies: 12
Views: 706

Re: Need feedback on US Bank Cash Plus credit card

I use this card. Overall no major problems. On a few occasions I did not get the 5% cash back because of how the service was catagorized by the merchant. They have some good catagories: TV, Streaming Utilities Cell Phone etc. I have redeemed cash back bonus in the form of debit cards. This is my ex...
by LongRoad
Fri Sep 20, 2019 2:00 pm
Forum: Personal Investments
Topic: Has anyone heard of Beta Shield?
Replies: 27
Views: 1595

Re: Has anyone heard of Beta Shield?

Note that they promise to sell AFTER the market drops.

Then they promise to buy AFTER the market rises.

At least you got a free meal.
by LongRoad
Thu Sep 12, 2019 8:00 am
Forum: Personal Consumer Issues
Topic: Calling all iPhone SE Bogleheads
Replies: 61
Views: 5097

Re: Calling all iPhone SE Bogleheads

Love my SE but I am thinking about a 7, it is only a half inch longer and Apple is clearancing them on the website: $499 I feel that I want to run iOS 14 to keep everything current. Another option is the 8 -- same form factor as the 7 but with incremental improvements and probably an extra year of ...
by LongRoad
Thu Sep 12, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1401
Views: 190626

Re: Fidelity as a one stop shop

Hello everyone. I've got a couple questions regarding (possibly) consolidating at Fidelity. 1. I have a Roth IRA at Vanguard, all in VTSAX (Vanguard Total Stock Market Index Admiral). Can I transfer it in-kind to Fidelity, keeping VTSAX with no penalty? Or does/should it be exchanged for a Fidelity...
by LongRoad
Fri Aug 16, 2019 8:05 am
Forum: Personal Investments
Topic: Max HSA on Jan 1 or biweekly
Replies: 15
Views: 965

Re: Max HSA on Jan 1 or biweekly

If my employer allows me to max out my family HSA contribution in January I would still save on all of the FICA taxes right? We have no employer match for the HSA and this is what I have been doing budgeting to make it work cashflow wise each year. Just wanted to confirm I'm not missing anything ab...
by LongRoad
Thu Aug 15, 2019 7:30 am
Forum: Personal Investments
Topic: Really Bad 403(b) Options
Replies: 25
Views: 1481

Re: Really Bad 403(b) Options

I just looked up the Hooker and Holcombe company and there actually was information on the Internet. If this is the same one, yikes. Very high expense ratios. https://hhconsultants.com/documents/Casbo/Fund%20Lineup.pdf The Vanguard funds don't look too bad, as long as there are no other fees tacked...
by LongRoad
Fri Aug 09, 2019 10:47 pm
Forum: Personal Consumer Issues
Topic: "Unlimited" mobile phone data. Don't need it. But I may need up to 10G a month. Dunno... options with Mint?
Replies: 13
Views: 1247

Re: "Unlimited" mobile phone data. Don't need it. But I may need up to 10G a month. Dunno... options with Mint?

I would like to go with Mint for my iPhone 6s model #MKT12LL/A. But I have read Mint is a GSM-only network. And TracFone, my current carrier, checked and claims my phone can only do CDMA. Perhaps they are right. I do not know. I bought it unlocked from Amazon and thought all iPhone 6s'es were dual-...
by LongRoad
Fri Aug 09, 2019 10:19 am
Forum: Personal Consumer Issues
Topic: "Unlimited" mobile phone data. Don't need it. But I may need up to 10G a month. Dunno... options with Mint?
Replies: 13
Views: 1247

Re: "Unlimited" mobile phone data. Don't need it. But I may need up to 10G a month. Dunno... options with Mint?

Another possibility, if you really need to do a lot of tethering, is Visible: https://www.visible.com They are Verizon-owned (just like Cricket is owned by AT&T and MetroPCS is now owned by T-Mobile). They advertise unlimited calls, texts, data and tethering (mobile hotspot capped at 5 Mbps) for $40...
by LongRoad
Fri Aug 09, 2019 7:01 am
Forum: Personal Consumer Issues
Topic: "Unlimited" mobile phone data. Don't need it. But I may need up to 10G a month. Dunno... options with Mint?
Replies: 13
Views: 1247

Re: "Unlimited" mobile phone data. Don't need it. But I may need up to 10G a month. Dunno... options with Mint?

Do you have access to wi-fi as well? Your 6s can set which apps can use cellular data, plus you can update apps and download things like offline maps while on wi-fi. Mint is running a 'buy 3 months, get 3 months free' promo on their 8GB/mo. plan so the first 6 months would be $60 + taxes. I have Min...
by LongRoad
Thu Aug 08, 2019 10:43 am
Forum: Investing - Theory, News & General
Topic: Can someone point me to a calculator or formula?
Replies: 13
Views: 1011

Re: Can someone point me to a calculator or formula?

I could be wrong, but won't the cash flows will need to be discounted to a common year for direct comparison? For example, $1 nominal at age 55 (assuming a 2.5 % discount rate) <> $1 nominal at age 50.
by LongRoad
Thu Aug 08, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Can someone point me to a calculator or formula?
Replies: 13
Views: 1011

Re: Can someone point me to a calculator or formula?

I'm sure another Boglehead can find a more elegant solution, but if you have Excel, how about starting with (The basic annuity formula in Excel for present value is =PV(RATE,NPER,PMT). NPER is the number of periods corresponding to the unit used for the RATE.) The annuity from age 50-80 (I assume th...
by LongRoad
Thu Aug 08, 2019 7:03 am
Forum: Investing - Theory, News & General
Topic: Is volatility good or bad?
Replies: 45
Views: 2736

Re: Is volatility good or bad?

I would say volatility is inherently bad and that is why people demand higher returns for investing in volatile assets. I would rather put money in a non-volatile asset than a volatile asset if both had the same expected return. The return on the volatile investment is less predictable for any spec...
by LongRoad
Wed Aug 07, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Social Security -- Take it at 62, 67 or 70
Replies: 329
Views: 30438

Re: Social Security -- Take it at 62, 67 or 70

Seems like the absence or occurrence of a bear market early in retirement might affect the decision on taking SS. If one retires at 62, but plans on taking SS at 67 and a bear market hits at 63, taking SS at 63 may reduce the bad sequence of returns on a portfolio, which as we have all seen can sig...
by LongRoad
Wed Aug 07, 2019 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Fixed vs Variable Mortgage
Replies: 23
Views: 1274

Re: Fixed vs Variable Mortgage

If these are your options, the 15/1 ARM at 3.625% looks like an easy win.

If you continue making your current payments, increasing your monthly payment by just 1-2% a year with your rising income, you'll be nearly paid off in 15 years.

Is the adjustment/refinance low/no cost?
by LongRoad
Tue Aug 06, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Oh geeze. How should I pay for this? Walk me off the ledge
Replies: 52
Views: 6652

Re: Oh geeze. How should I pay for this? Walk me off the ledge

If your health plan is HSA eligible — even if you haven’t opened an HSA yet — you could contribute $$$ today for the tax deduction, then use the CC for the signup points (option 2). Reimburse yourself from the HSA to cover part or all of the charges.
by LongRoad
Thu Aug 01, 2019 6:50 am
Forum: Personal Finance (Not Investing)
Topic: HSA match not showing on pay stub
Replies: 16
Views: 819

Re: HSA match not showing on pay stub

FWIW, my employer HSA contributions never show up on my pay stub, nor on my w2. Neither do the employer's 401k matching contributions. This might be normal, since neither are earned income, nor are they taxable income to you (AFAIK). I don't think this is normal for HSAs. When you file form 8889 do...
by LongRoad
Thu Aug 01, 2019 5:50 am
Forum: Personal Finance (Not Investing)
Topic: HSA match not showing on pay stub
Replies: 16
Views: 819

Re: HSA match not showing on pay stub

FWIW, my employer HSA contributions never show up on my pay stub, nor on my w2. Neither do the employer's 401k matching contributions.

This might be normal, since neither are earned income, nor are they taxable income to you (AFAIK).
by LongRoad
Fri Jul 19, 2019 7:16 am
Forum: Personal Investments
Topic: investment grade corporate bond funds fall in downturn?
Replies: 38
Views: 3952

Re: investment grade corporate bond funds fall in downturn?

In the current market environment, there is a belief among some experts (eg; Jeff Grundlach) that the ratings agencies have been lenient with corporate bonds, such that some BBB bonds are actually junk bonds now, and if there is slow down then those BBB's will get clobbered and downgraded. Anything...
by LongRoad
Fri Jul 05, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Big Hospital Bill - Any way to negotiate ?
Replies: 130
Views: 9206

Re: Big Hospital Bill - Anyway to negociate ?

I have a question, because I’m out of the loop and don’t know. Every place I worked in the last few years had a list of health insurance choices, where I could pay a larger or smaller premium, to get higher or lower deductibles and copays. I always did math, and chose the plan that fit my needs the...
by LongRoad
Fri Jul 05, 2019 3:45 pm
Forum: Personal Investments
Topic: Bad 401K or Roth IRA for a 12% tax bracket couples?
Replies: 18
Views: 1225

Re: Bad 401K or Roth IRA for a 12% tax bracket couples?

Do you expect to retire in NJ? If not, wouldn’t you pay state tax on your contributions to a Trad 401k and then potentially again on your distributions later (in another state)? Are you likely to work for this employer long term? If not, you could roll your 401k to a lower cost IRA at some point. F...
by LongRoad
Fri Jul 05, 2019 3:22 pm
Forum: Personal Investments
Topic: Bad 401K or Roth IRA for a 12% tax bracket couples?
Replies: 18
Views: 1225

Re: Bad 401K or Roth IRA for a 12% tax bracket couples?

Do you expect to retire in NJ? If not, wouldn’t you pay state tax on your contributions to a Trad 401k and then potentially again on your distributions later (in another state)? Are you likely to work for this employer long term? If not, you could roll your 401k to a lower cost IRA at some point. Fi...
by LongRoad
Wed Jun 26, 2019 10:01 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 9523

Re: Dave Ramsey now says to give up employer 401K match to pay down debt

I'll offer a (slightly) contrarian point. While I don't think this is good advice in general, and certainly not for the Boglehead agonizing over their 3.49% mortgage, it actually could be a consideration for people with very high interest debt that will be paid off over years. Considering Dave Ramse...
by LongRoad
Thu Jun 20, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Another Can I retire Post? - Age 58
Replies: 22
Views: 3274

Re: Another Can I retire Post? - Age 58

Other things to check or consider: What survivor benefits, if any, did you elect for your military pension? Verify your SS numbers -- as others have mentioned, your benefit looks a little off compared with your wife's spousal benefit. Did you get specific numbers that apply if you were to stop worki...
by LongRoad
Thu Jun 20, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Another Can I retire Post? - Age 58
Replies: 22
Views: 3274

Re: Another Can I retire Post? - Age 58

How is your current health? What has been the average longevity in your side of the family, for males? The life expectancy your wife quoted is based on the average, 50% die earlier, 50% live longer. No one including me knows the future, but if you do a few things right and bearing any unforseen con...