Search found 32 matches

by NoProbLlama
Sun Mar 29, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897212

Re: What's Your Credit Card Rewards Strategy?

Question for more experience CC optimizers.. I had Amex platinum opened last year for the bonus. Used the miles for the flight to Japan which is not happening anymore. I got reimbursed and now have about $1500 in Amex credit. The problem is that I need to close the card by mid/end of April before t...
by NoProbLlama
Tue Feb 25, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18803
Views: 2628954

Re: U.S. stocks in free fall

Lee_WSP wrote:
Tue Feb 25, 2020 10:39 am
I give up. I'm going to go on a vacation somewhere without internet access.
:sharebeer:

Right?
by NoProbLlama
Tue Feb 25, 2020 9:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18803
Views: 2628954

Re: U.S. stocks in free fall

CoastalWinds wrote:
Tue Feb 25, 2020 12:20 am
Tomorrow will be up slightly, a dead cat bounce. But the free-falling isn’t over yet.
LOL. Both epic fail & accurate.

Next few weeks should be fun as “fear” and “hope” headlines continue to roll out.
by NoProbLlama
Tue Feb 18, 2020 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can Life Insurance be moved?
Replies: 8
Views: 552

Re: Can Life Insurance be moved?

The best thing to do here is just request quotes/prices from both your current company (what would my Life Insurance premium be if I moved my home/auto somewhere else) and from the new companies you are considering (please give me quotes both with/without life insurance). Bundling discounts on Life ...
by NoProbLlama
Tue Feb 18, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance do I need?
Replies: 34
Views: 2830

Re: How much term life insurance do I need?

Sorry everyone, I'm 41! Thought I had included that one. Davebo, just curious if you’ve decided what you’ll do. Please post if you’d like more input from folks on the Forum. I applied for $1M on myself (20 year) and $500K on my wife (20 year). I might opt to reduce it, but they said to overestimate...
by NoProbLlama
Tue Feb 18, 2020 11:38 am
Forum: Personal Investments
Topic: Help with priority: max both Roth’s or increase 401K beyond match?
Replies: 28
Views: 1317

Re: Help with priority: max both Roth’s or increase 401K beyond match?

The Roth could double as an emergency fund since contributions can be withdrawn. I did this for myself & my wife back before we could easily max everything. We kept 3 months of EF in Ally, and another 3 months of EF inside Roth IRA. One thing I haven't seen mentioned yet in this thread is how good/...
by NoProbLlama
Thu Jan 16, 2020 5:59 pm
Forum: Personal Investments
Topic: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?
Replies: 31
Views: 1864

Re: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?

I'm also going to drop the link below in this thread. I found it very useful in reviewing the discussion between jatwell & FiveK, and perhaps someone else may find it helpful some day. https://www.kitces.com/blog/understanding-the-two-5-year-rules-for-roth-ira-contributions-and-conversions/ The sect...
by NoProbLlama
Thu Jan 16, 2020 5:56 pm
Forum: Personal Investments
Topic: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?
Replies: 31
Views: 1864

Re: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?

It appears jatwell is correct, and this is exactly the type of unknown downside I was looking for in starting this thread. This is almost applicable to our situation, especially if we suspend our EF expansion from 3 months to 6 months in order to make lump sum BOY contributions in an effort to limit...
by NoProbLlama
Thu Jan 16, 2020 2:39 pm
Forum: Personal Investments
Topic: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?
Replies: 31
Views: 1864

Re: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?

We tend to bounce right around this line as well. My method has been to simply invest the money in taxable all year long, and then, when we know our tax situation, make the Roth contributions. Some years we pay a little capital gains tax, some years we get it back taking a loss. Either way it great...
by NoProbLlama
Thu Jan 16, 2020 2:35 pm
Forum: Personal Investments
Topic: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?
Replies: 31
Views: 1864

Re: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?

1. There is a small downside if you need to withdraw contributions without penalty before agree 59.5 (assuming you've already had a Roth acct > 5 years). You will not be able to withdraw contribution amounts from the conversion penalty free until 5 years after the conversion. See here for more deta...
by NoProbLlama
Thu Jan 16, 2020 2:30 pm
Forum: Personal Investments
Topic: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?
Replies: 31
Views: 1864

Re: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?

Remember that the contribution limit isn't all or nothing. There's a phase out window. So if you just squeak over the line you might only need to backdoor your last contribution of the year, for example. The phaseout window is just so narrow. I really suspect we'll be under the phaseout in 2020 by ...
by NoProbLlama
Thu Jan 16, 2020 2:28 pm
Forum: Personal Investments
Topic: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?
Replies: 31
Views: 1864

Re: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?

I would not want to do 24 conversions with either institution that holds our IRAs. One requires a form to be completed to do the conversion. It can be completed online and submitted but it is still a hassle. Then the conversion may take a week to process. The other has a simple few clicks to conver...
by NoProbLlama
Wed Jan 15, 2020 9:40 am
Forum: Personal Investments
Topic: Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?
Replies: 31
Views: 1864

Approaching Roth IRA Income Limit; When/How to Transition to Backdoor?

Apologies in advance if this has been covered in prior threads or the wiki. I promise I searched before posting, but most of the results were for retro-active cases where the income limit had already been exceeded. I've been maxing Roth IRA for myself & DW for several years now, but we'll likely hit...
by NoProbLlama
Wed Jan 15, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 336
Views: 29044

Re: JPM Chase Reserve Card gets more expensive

I posted this in the "CC Rewards Strategy" thread, but I'm going to add it again here also for anyone who might only be checking this thread. If you're going to cancel the CSR, it's worth double-checking whether your $300 travel credit is based on calendar year or cardmember year (applications submi...
by NoProbLlama
Tue Jan 14, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897212

Re: What's Your Credit Card Rewards Strategy?

My CSR AF was coming up on 2/1 and I canceled the card today. I signed up for the card before they switched the $300 travel credit from calendar year to cardmember year. I bought a $300 Delta gift card this weekend, got the travel credit Monday, and canceled the card today before having to pay the A...
by NoProbLlama
Tue Jan 14, 2020 9:06 pm
Forum: Personal Investments
Topic: Checking In After Eight Years
Replies: 13
Views: 3531

Re: Checking In After Eight Years

I really like the way you’re tracking progress & I can see how doing this every year would help staying the course. I don’t have any feedback (looks like you’re in great shape), but I’m curious about your plans for future changes to your asset allocations. Do you have a general rule in mind (like st...
by NoProbLlama
Tue Jan 07, 2020 9:16 am
Forum: Personal Consumer Issues
Topic: Housekeepers
Replies: 32
Views: 3158

Re: Housekeepers

+1 for word-of-mouth recommendation. We just started using a housekeeper in the last month or so (after reading here that so many people found it to be worth the $). We got one recommendation from the nextdoor app & one recommendation from close friends living in the same area. Both are one-off indi...
by NoProbLlama
Sat Dec 28, 2019 11:26 pm
Forum: Personal Investments
Topic: Roth IRA income limits
Replies: 7
Views: 888

Re: Roth IRA income limits

Were the 401k contributions pre-tax or Roth?

The Roth IRA income limits are based on MAGI. Pre-tax contributions to 401k effectively reduce both AGI and MAGI.
by NoProbLlama
Fri Dec 20, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: Tesla Owners: Worth the hassle?
Replies: 88
Views: 7124

Re: Tesla Owners: Worth the hassle?

My favorite SC story is the guy who setup a bitcoin-mining rig in his frunk to run it off the Tesla SC for free.
by NoProbLlama
Fri Dec 20, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: Tesla Owners: Worth the hassle?
Replies: 88
Views: 7124

Re: Tesla Owners: Worth the hassle?

I'm going to drop one more link in this thread & then I'll stop piling on: https://jalopnik.com/tesla-on-autopilot-crashes-into-cop-car-because-driver-1840324516 I really do believe that the Auto-Pilot feature is dangerously over-hyped & people should be more clear-eyed about what they're getting/us...
by NoProbLlama
Fri Dec 20, 2019 11:49 am
Forum: Personal Investments
Topic: Help with Indexed Universal Life Policy!
Replies: 21
Views: 838

Re: Help with Indexed Universal Life Policy!

Follow-up on the details of the surrender charge, and it might be worth holding onto it for a few more months if there's a drop in surrender charge coming up... ^^^ This. It is commonly on the anniversary date of the policy. Picking up 1% to wait a month or two may make sense. It will cost more to ...
by NoProbLlama
Fri Dec 20, 2019 11:43 am
Forum: Personal Consumer Issues
Topic: Tesla Owners: Worth the hassle?
Replies: 88
Views: 7124

Re: Tesla Owners: Worth the hassle?

I'm just going to leave this here ..... https://www.youtube.com/watch?v=a1uFudf37JU Reminds me of the gas lines in the 70's. I think that was on Thanksgiving? If my only car was a Tesla, I think I'd just rent a gas. Another advantage of a phev, you could just bypass all that waiting and not care. Y...
by NoProbLlama
Fri Dec 20, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: Tesla Owners: Worth the hassle?
Replies: 88
Views: 7124

Re: Tesla Owners: Worth the hassle?

I'm just going to leave this here .....

https://www.youtube.com/watch?v=a1uFudf37JU
by NoProbLlama
Fri Dec 20, 2019 9:22 am
Forum: Personal Investments
Topic: Help with Indexed Universal Life Policy!
Replies: 21
Views: 838

Re: Help with Indexed Universal Life Policy!

Looks like kenkat ninja'd me on the schedule of surrender charges (down to the minute) Am I correct in thinking that they have paid in $13,000 but can only receive $3,000 of that? If so, that is criminal. Yes. Your girlfriend did have half a million dollars in life insurance in force for the policy,...
by NoProbLlama
Fri Dec 20, 2019 9:13 am
Forum: Personal Investments
Topic: Help with Indexed Universal Life Policy!
Replies: 21
Views: 838

Re: Help with Indexed Universal Life Policy!

How long ago was this policy setup? Most life insurance contracts like this have a surrender charge schedule (e.g., grading from 10% of accumulated value to 0% of accumulated value over 10 years). Follow-up on the details of the surrender charge, and it might be worth holding onto it for a few more ...
by NoProbLlama
Mon Dec 09, 2019 9:43 am
Forum: Personal Consumer Issues
Topic: Mounting a tv over the fireplace
Replies: 54
Views: 3450

Re: Mounting a tv over the fireplace

We purchased the MantelMount MM540 tv mount & it's been one of my top purchases for the home. I highly recommend for anyone who's tackling this issue but doesn't have the ability to resolve it through architects/builders. https://www.mantelmount.com/products/mm540-enhanced-mount A few noteworthy fea...
by NoProbLlama
Thu Mar 14, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Fraction of insurance companies revenue goes to paying out claims?
Replies: 34
Views: 2789

Re: Fraction of insurance companies revenue goes to paying out claims?

I'm not exactly sure what OP is hoping to glean from this information. But I'd caution against drawing the conclusion that more claims/revenue equates to more efficient operations and/or pricing. There can be significant risk to under-priced products in insurance, and lower prices should not be the ...
by NoProbLlama
Fri Feb 15, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 36621

Re: [2018 tax return - How does it compare to previous years?]

Effective FIT rate by year: 2013: 11.54% 2014: 12.27% 2015: 12.00% 2016: 14.40% 2017: 15.72% 2018: 13.12% In 2016 & 2017 we redirected a good chunk of savings from Traditional 401k to cash for a house downpayment. House was purchased late 2017, and property taxes on it pushed us above the SALT 10k l...
by NoProbLlama
Mon Feb 11, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 36621

Re: Smaller tax refunds this year? Clear explanation please

Also, I think most companies auto-adjusted withholding rates last year. Note, of course, those 'middle income' folks in high SALT states will see a cap in thier deductions...... For nearly all the people I know with a legitimate increase in effective tax rate this year, it was caused by the $10k ca...
by NoProbLlama
Tue Jan 29, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: An emergency fund cautionary tale
Replies: 89
Views: 11914

Re: An emergency fund cautionary tale

I really like Betterments explanation of this. Thanks for sharing this link. I hadn't seen it before & I'm always a sucker for stochastic simulation graphs. Our setup is 3 months of expenses at Ally & another 3 months in the Fidelity brokerage (structured similar to what the Betterment link above d...
by NoProbLlama
Sat Jan 26, 2019 12:04 pm
Forum: Personal Consumer Issues
Topic: weighted blankets
Replies: 23
Views: 5116

Re: weighted blankets

I purchased one of these just a few weeks ago for DW's birthday & she's basically lived under it every minute she's at the house. I'd never heard of these until I saw it on this forum in the "best purchases of 2018" thread. After the initial sticker shock of those prices for "just a blanket", I fina...
by NoProbLlama
Sat Jan 26, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: Finding a House Cleaning Service
Replies: 5
Views: 525

Finding a House Cleaning Service

I was surprised at how frequently this was mentioned in the lifestyle creep & happiness thread, so I'm thinking we might give it a try. But it feels very foreign & we're second-guessing every detail (e.g., national chain vs. local services, licensing/insurance/bonding, etc). I'd really enjoy hearing...