Search found 392 matches

by Lee_WSP
Sun Jul 21, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help! At Fault’s Insurance Company Refusing to Pay Diminished Value
Replies: 65
Views: 6211

Re: Help! At Fault’s Insurance Company Refusing to Pay Diminished Value

I have returned to post an update. Last week I won my small claims court case for full amount + filing fees + cost of independent appraisal. I sued the other driver and his insurance sent me a check for the full amount. Funny as I would have settled for 1/4 of the amount I won. Did the defendant sh...
by Lee_WSP
Fri Jul 12, 2019 5:42 pm
Forum: Personal Investments
Topic: Advice on what cost basis to use to sell VTSAX
Replies: 10
Views: 1144

Re: Advice on what cost basis to use to sell VTSAX

I cannot think of any reason to use anything other than specific identification.
by Lee_WSP
Fri Jul 12, 2019 5:41 pm
Forum: Personal Investments
Topic: Just discovered we may not be eligible for Roth IRA anymore
Replies: 37
Views: 3256

Re: Just discovered we may not be eligible for Roth IRA anymore

1) If your employer plan will accept it, rolling in there is probably easy. I have also changed jobs a lot recently, and I don't find the 401ks to be a problem. If the new 401k is better, I roll old 401ks into new 401ks. If the old one is better I leave it. Right now I have two because my old one i...
by Lee_WSP
Wed Jul 10, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mediate or Arbitrate?
Replies: 8
Views: 883

Re: Mediate or Arbitrate?

If you think there is no possibility of a resolution, than mediation is a waste of time. However, if you think mediation has a better than 50% chance of achieving a resolution acceptable to you, then I'd say it's worth a shot. You can always walk away. It's kind of like whether to invest in the stoc...
by Lee_WSP
Tue Jul 09, 2019 5:43 pm
Forum: Personal Investments
Topic: What to fund or pay off next
Replies: 20
Views: 961

Re: What to fund or pay off next

You can focus on taxable. If you ever get to the point where you want to and have enough to pay off the mortgage, you can do that with a taxable brokerage, but not with tax advantaged accounts (or at least it's not worth pulling the money out of the Roth for that purpose anyway).
by Lee_WSP
Tue Jul 09, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I be applying the money I am saving towards homes principal or am I doing it right by saving it?
Replies: 21
Views: 2922

Re: Should I be applying the money I am saving towards homes principal or am I doing it right by saving it?

I believe paying extra on your mortgage is a bad idea. Your mortgage is a fixed monthly commitment. Until it is paid off, paying extra on the loan only serves to reduce the interest you pay. It does not reduce your monthly commitment—only the length of time you have that commitment. The major risk ...
by Lee_WSP
Tue Jul 09, 2019 5:28 pm
Forum: Personal Investments
Topic: What to fund or pay off next
Replies: 20
Views: 961

Re: What to fund or pay off next

Emergency fund & car payment are mathematically about equal (they balance out on a balance sheet), except the emergency fund will net ~2% APR. I'd start there. Don't have a strong opinion as to paying down the mortgage faster. But if you don't pay down the mortgage, you can use it as leverage to acq...
by Lee_WSP
Mon Jul 08, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a new car now or wait: what's the math say?
Replies: 56
Views: 4572

Re: Buy a new car now or wait: what's the math say?

Well, my wife is driving a perfectly good 2011 Acura MDX that has 130,000 miles on it. We have had enough set aside to buy a new one for the last 3 years. It has been sitting in FZDXX earning around 2.2%. She is getting the itch for a new car, and I am having trouble figuring out why she should wai...
by Lee_WSP
Mon Jul 08, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18086

Re: Best cash-back credit card right now?

We only have one Costco membership, and all three of us are on it. But as I understand it you can only have two cards issued. This is a pain point for gas as it proves difficult for the kids to gas up the car at Castco without first getting my membership card.... Never been asked to show my Costco ...
by Lee_WSP
Mon Jul 08, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18086

Re: Best cash-back credit card right now?

We only have one Costco membership, and all three of us are on it. But as I understand it you can only have two cards issued. This is a pain point for gas as it proves difficult for the kids to gas up the car at Castco without first getting my membership card.... Never been asked to show my Costco ...
by Lee_WSP
Sun Jul 07, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18086

Re: Best cash-back credit card right now?

PayPal has a 2% on everything card. Just throwing it out there.
by Lee_WSP
Sun Jul 07, 2019 12:36 am
Forum: Personal Investments
Topic: Roth 401(k) vs. Roth IRA
Replies: 33
Views: 2575

Re: Roth 401(k) vs. Roth IRA

I have some questions about Roth 401ks and Roth IRAs: 1. Why are Bogleheads not more aware of creditor risk in an IRA? Only one state (Ohio) protects an IRA in the same way that an ERISA-qualified retirement account is protected. BHs are so risk averse and long-range thinking; I don't understand th...
by Lee_WSP
Sat Jul 06, 2019 11:11 pm
Forum: Investing - Theory, News & General
Topic: How do you brace for impact?
Replies: 65
Views: 5783

Re: How do you brace for impact?

Change my asset allocation into the most tolerable ratio of stocks:bonds. Then do nothing. Because there is nothing I can do other than try to time the market and probably fail spectacularly at it.
by Lee_WSP
Sat Jul 06, 2019 9:58 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Jitters
Replies: 25
Views: 2121

Re: Asset Allocation Jitters

If this is directed at me, it's all stocks in Roth. 3k in long term bonds in the department, but 90/10 going forward in the department IRA. My taxable is really conservative right now. Almost 90/10 the other way. But that fund is not for long term. No original poster......It is not listed how aggre...
by Lee_WSP
Sat Jul 06, 2019 9:25 pm
Forum: Investing - Theory, News & General
Topic: Refinements to Hedgefundie's excellent approach
Replies: 101
Views: 7041

Re: Refinements to Hedgefundie's excellent approach

Does the strategy rely on declining long term interest rates? What happens if rates don't change? Also, how does the bond fund triple dividends? What is the mechanism? I’d read the original thread to answer that 1st part. I read through the first six pages and decided I'm okay not reading the rest....
by Lee_WSP
Sat Jul 06, 2019 9:04 pm
Forum: Investing - Theory, News & General
Topic: [Why should I invest in a bond index fund, when to invest?]
Replies: 16
Views: 885

Re: Best time to buy bond funds?

The best time is now. Anything else is trying to time the market.
by Lee_WSP
Sat Jul 06, 2019 9:02 pm
Forum: Investing - Theory, News & General
Topic: [Why should I invest in a bond index fund, when to invest?]
Replies: 16
Views: 885

Re: What would be a good reason to invest in a bond index fund?

invest in the bond fund with a time horizon of 2-5 years Total Bond may be a little outside that time horizon. Total Bond is an intermediate term bond fund, I think. You might want to look at a shorter time horizon, although it shouldn't make that much difference. It is right in between vanguard's ...
by Lee_WSP
Sat Jul 06, 2019 8:45 pm
Forum: Investing - Theory, News & General
Topic: Refinements to Hedgefundie's excellent approach
Replies: 101
Views: 7041

Re: Refinements to Hedgefundie's excellent approach

Does the strategy rely on declining long term interest rates? What happens if rates don't change? Also, how does the bond fund triple dividends? What is the mechanism? I’d read the original thread to answer that 1st part. I read through the first six pages and decided I'm okay not reading the rest....
by Lee_WSP
Sat Jul 06, 2019 8:31 pm
Forum: Investing - Theory, News & General
Topic: Refinements to Hedgefundie's excellent approach
Replies: 101
Views: 7041

Re: Refinements to Hedgefundie's excellent approach

Does the strategy rely on declining long term interest rates? What happens if rates don't change?

Also, how does the bond fund triple dividends? What is the mechanism?
by Lee_WSP
Sat Jul 06, 2019 8:25 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Jitters
Replies: 25
Views: 2121

Re: Asset Allocation Jitters

Deleted. Not relevant.
by Lee_WSP
Sat Jul 06, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401k + Roth Solo 401k Limits
Replies: 5
Views: 300

Re: Roth 401k + Roth Solo 401k Limits

Do solo k's not allow for after tax contributions up to the secondary limit? Ie mega backdoor roth 401k. Some custom plans do. No free plans do. But why does it matter in this case when OPs income is less than the deferral limit anyway? In other words why would one even consider after tax contribut...
by Lee_WSP
Sat Jul 06, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18086

Re: Best cash-back credit card right now?

I'm sorry, but 7.25% cash back at Costco (5.25% base + 2% executive) + 5.25% on gas + 5.25% on travel + 5.25% on dining + 5.25% on online purchases + 2.625% on all else is as the best I've got for you right now. All for essentially no annual fee. If forum members come up with a better strategy, I'm...
by Lee_WSP
Sat Jul 06, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18086

Re: Best cash-back credit card right now?

In a traditional situation where you have a merchant dispute, your bank, via your credit card, will assist you. In the case of Synchrony, I have found this does not happen. Rather, they are actually like a branch of Amazon, they have not provided any help, but instead send me back to Amazon to try ...
by Lee_WSP
Sat Jul 06, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: trustee duties when grantor passes
Replies: 19
Views: 735

Re: trustee duties when grantor passes

Questions- when is the irrevocable trust closed- after disbursement? who closes/how is the irrevocable trust closed- attorney? My understanding is that a trust never really "dies," it just reaches a point where there are zero assets (and thus nothing for a trustee to do or for a beneficiary to bene...
by Lee_WSP
Sat Jul 06, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401k + Roth Solo 401k Limits
Replies: 5
Views: 300

Re: Roth 401k + Roth Solo 401k Limits

Do solo k's not allow for after tax contributions up to the secondary limit? Ie mega backdoor roth 401k.
by Lee_WSP
Sat Jul 06, 2019 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Churning Credit Cards
Replies: 84
Views: 8172

Re: Churning Credit Cards

Only business cards are offering really good bonuses. I signed up for a couple of new cards because I have a few big purchases coming. I think I'm only going to get $200 out of the whole deal and I had to spend $2,000. If I didn't need a bed, I wouldn't have bothered. Unless you're able to buy gift ...
by Lee_WSP
Sat Jul 06, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 110
Views: 10508

Re: Staying the course is so hard (support thread)

Why don't you try renting one for a year and seeing if it truly makes you happy? Just don't fill it with stuff you can't return. If at the end of the year, you are happier than before, go ahead and buy one. If you're just as happy/not happy as before or only marginally happier, now you know a bigger...
by Lee_WSP
Sat Jul 06, 2019 2:42 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Jitters
Replies: 25
Views: 2121

Re: Asset Allocation Jitters

You should only allocate the percentage of stocks you are comfortable watching whipsaw around and possibly waiting years to recover. If 60% is the max for you, then 60% is perfectly fine. You're only potentially missing out on .5-2% difference per year and only during stock bull markets.
by Lee_WSP
Sat Jul 06, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: Tax Free Bond Funds beating Taxable?
Replies: 7
Views: 799

Re: Tax Free Bond Funds beating Taxable?

SWNTX SEC Yield (30 Day)07/03/2019 1.54%
SWAGX SEC Yield (30 Day)07/03/2019 2.56%

I would not say that munis are beating the snot out of taxable...
by Lee_WSP
Fri Jul 05, 2019 4:36 pm
Forum: Investing - Theory, News & General
Topic: Blockbuster
Replies: 34
Views: 3054

Re: Blockbuster

The more entrenched you are in one way of doing business, the harder it is to turn the ship. A small solo with a handful of employees is kind of like a single swimmer. We usually only have a year or two's worth of inventory at any given time and even then, in the larger scheme of things, a tiny amou...
by Lee_WSP
Wed Jul 03, 2019 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park $50K for highest possible return but zero risk?
Replies: 32
Views: 6389

Re: Where to park $50K for highest possible return but zero risk?

Jumping on the bandwagon: Only zero risk accounts are FDIC insured. But even then, they're not absolutely zero, just as reasonably close to zero as possible.
by Lee_WSP
Wed Jul 03, 2019 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Photography business early stage, tax and other
Replies: 33
Views: 2696

Re: Photography business early stage, tax and other

As a photography hobbyist for many years, event photography and teaching those more amateur than yourself is about the only way to make a living. Therefore both are very competitive, because there are thousands of hobbyists that would love to quit their jobs and make a living doing photography. In ...
by Lee_WSP
Wed Jul 03, 2019 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Protect my inheritance from divorce with a trust?
Replies: 30
Views: 3244

Re: Protect my inheritance from divorce with a trust?

You need to engage the services of a trusts & estates attorney in your state. Preferably with knowledge of family law.

Most states recognize inheritances as separate property, but who knows, you might live in a state that doesn't. There's also always the issue of commingling funds.
by Lee_WSP
Wed Jul 03, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: Blockbuster
Replies: 34
Views: 3054

Re: Blockbuster

As a small business owner I'm always doing my best to understand what could potentially disrupt, even bankrupt, my company. Debt. If you have no debt and no overhead, your company can live on forever with or without revenue. If you have overhead, your revenues must be greater than all your costs ot...
by Lee_WSP
Wed Jul 03, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Blockbuster
Replies: 34
Views: 3054

Re: Blockbuster

Certainly blockbuster could have competed with Netflix when it first started out. It had a very well known name, if they had stared an online subscription service I think they could have competed and won. Dismissing netflix was a huge mistake. They did! I used to be a subscriber. It worked perfectl...
by Lee_WSP
Tue Jul 02, 2019 6:43 pm
Forum: Personal Investments
Topic: Backdoor Roth Timing
Replies: 9
Views: 583

Re: Backdoor Roth Timing

If I understand your post correctly right now you have post tax funds in a trad IRA. You will make another post tax contribution at the end of this year You will then roll it over into a 401k in 2020 & make a 2020 post tax contribution to the IRA If all the above is true. Why not just keep it in th...
by Lee_WSP
Tue Jul 02, 2019 4:55 pm
Forum: Personal Investments
Topic: Backdoor Roth Timing
Replies: 9
Views: 583

Re: Backdoor Roth Timing

If I understand your post correctly right now you have post tax funds in a trad IRA. You will make another post tax contribution at the end of this year You will then roll it over into a 401k in 2020 & make a 2020 post tax contribution to the IRA If all the above is true. Why not just keep it in the...
by Lee_WSP
Tue Jul 02, 2019 4:43 pm
Forum: Investing - Theory, News & General
Topic: Does a 30-Day Yield include capital appreciation?
Replies: 3
Views: 356

Re: Does a 30-Day Yield include capital appreciation?

Most funds calculate a 30-day SEC yield on the last day of each month, though U.S. money market funds calculate and report a seven-day SEC yield. The standardized formula for the 30-day SEC yield consists of four variables: a = interest and dividends received over the last 30-day period b = accrued...
by Lee_WSP
Tue Jul 02, 2019 4:37 pm
Forum: Investing - Theory, News & General
Topic: Is it better to earn index fund gains through appreciation or dividends?
Replies: 5
Views: 717

Re: Is it better to earn index fund gains through appreciation or dividends?

For Taxable: If you're in the 12% bracket, it doesn't matter. Otherwise, long term capital gains.

For tax advantaged (does not create taxable events) it doesn't matter.
by Lee_WSP
Sat Jun 29, 2019 11:58 pm
Forum: Investing - Theory, News & General
Topic: What do you hold in your IRA and Why?
Replies: 48
Views: 3341

Re: What do you hold in your IRA and Why?

SEP - Total Stock & LT bonds
Roth - VIGAX & Total stock

Why? My Roth is fully funded in a lump sum and I figure it's the place to take the most risk since it's the growth that is tax free.
by Lee_WSP
Fri Jun 28, 2019 9:37 pm
Forum: Investing - Theory, News & General
Topic: Times when a financial planner can help
Replies: 18
Views: 1784

Re: Times when a financial planner can help

When you start losing your faculties, but the person going through it is the least likely to realize what's happening to them or be in denial about it
by Lee_WSP
Fri Jun 28, 2019 4:18 pm
Forum: Investing - Theory, News & General
Topic: Why do so many stocks in defensive sectors increase in value despite little to no improvements in fundamentals?
Replies: 25
Views: 2068

Re: Why do so many stocks in defensive sectors increase in value despite little to no improvements in fundamentals?

The real question you’re asking is why investors are bidding up the price. I don’t have a good answer, but rephrasing the question will get you closer to the answer you seek. The logical disconnect your current question has is that you are equating underlying value with equities price. They may be c...
by Lee_WSP
Thu Jun 27, 2019 6:27 pm
Forum: Personal Investments
Topic: Stock / Bond Allocation Sweet Spot
Replies: 26
Views: 2188

Re: Stock / Bond Allocation Sweet Spot

My personal strategy is more conservative right now as I'm too scared of peak stock market. But, a good starting point is 110 minus your age for % bonds. Adjust up or down based on your willingness and ability to watch your stock portfolio drop ten percent in a week. Unfortunately you cannot know ex...
by Lee_WSP
Thu Jun 27, 2019 5:33 pm
Forum: Personal Consumer Issues
Topic: Paintless Dent Repair [PDR] for car door dings, how much have you paid?
Replies: 10
Views: 913

Re: Paintless Dent Repair [PDR] for car door dings, how much have you paid?

I think it was close to five hundred, it was pretty sizeable. Bigger than a dollar bill. I did it to get a higher trade in value. Definitely worked, I got an extra 2k out of it.
by Lee_WSP
Thu Jun 27, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating essential vs discretionary expenses
Replies: 17
Views: 934

Re: Calculating essential vs discretionary expenses

I would say that essential is defined as what you yourself cannot possibly live without without going crazy. I personally cannot live without a car, even though it is not completely necessary, not having one would drive me crazy. I can live without cable, but not without internet.
by Lee_WSP
Thu Jun 27, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else unable to afford a home/have six figure income?
Replies: 60
Views: 7182

Re: Anybody else unable to afford a home/have six figure income?

Will the bank underwrite the loan? Yes. Are the houses in my comfortable price range the house I want to live in for ten years? No. So, in that sense, I'm priced out of my local market. But it is what it is and I'll keep on living.
by Lee_WSP
Wed Jun 26, 2019 6:49 pm
Forum: Investing - Theory, News & General
Topic: Why do 401k's limit investment options?
Replies: 30
Views: 2198

Re: Why do 401k's limit investment options?

I think the TPA's limit the number of options in the plan. Not sure exactly why, but I'd assume it's related to administration expenses. It's not an IRA with a normal brokerage account after all.
by Lee_WSP
Wed Jun 26, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 12753

Re: How did you lower your annual expenses?

For those who have responded. What percentage of your overall annual budget did you cut by foregoing these things? I feel like it's an important piece of information that isn't always conveyed by these sorts of "cut xyz out of your life" discussions.
by Lee_WSP
Wed Jun 26, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Cash for Primary Residence?
Replies: 44
Views: 4611

Re: Asset Allocation After Home is Paid For?

Chindsey wrote:
Wed Jun 26, 2019 9:45 am
How should one go about determining his/her need, ability, and willingness to take risk once a primary residence is paid for?
Other than reducing your monthly absolutely necessary expenses. I do not see why anything would change.
by Lee_WSP
Mon Jun 24, 2019 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Big mess (inheritance, taxes, social security, more)
Replies: 9
Views: 1465

Re: Big mess (inheritance, taxes, social security, more)

What's the question? Either he receives the inheritance with no issue or the creditors take their judgment to the executor and get the money issued to them. If it is what should he do, he should file bankruptcy and get it cleared. However, it does cost money so, if he gets that $30k, that's a very g...