Search found 539 matches

by happymob
Mon Nov 12, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation question: How to include farm rental income in my model?
Replies: 9
Views: 572

Re: Asset allocation question: How to include farm rental income in my model?

Half of our net worth (and about 30% of our income) comes from inherited farmland and grassland. That's set to increase once my parents pass, even though we continue to add aggressively to our equities every year. We don't include it in our asset allocation at all. But it does create a couple effect...
by happymob
Sun Sep 09, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 4699

Re: How much do bogleheads save in 529?

Targeting 2 years total cost at Flagship State U. Why only 2 years? 1) There's a reasonable chance 1 child or the other doesn't' go to college or drops out. Yes, they are smart. But I'm seen too many smart kids (including myself) flame out of college due to a variety of issues (mental health issues,...
by happymob
Sun Aug 26, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7119

Re: Game Changing Inheritance of Stocks! Now what?

2) Your new part-time job is to pay as little tax as possible. That means maxing out 403(b)s and IRAs and potentially front loading the 529, considering possible state income tax deductions and limits. Set these accounts to auto-contribute to the max, and sell taxable if you are running low on cash...
by happymob
Wed May 02, 2018 6:40 am
Forum: Investing - Theory, News & General
Topic: I-bond fixed rate = 0.3%
Replies: 62
Views: 8993

Re: I-bond fixed rate = 0.3%

According to Bloomberg, 5 year TIPS have a yield of 0.72%. Why would I sign up for Ibonds at 0.3%. If I intend to hold longer, 30 year TIPS yield 0.94%. 5 year TIPS look pretty good to me, perhaps better than a 3% CD. Flexibility on choosing when to sell (though no flexibility in the first year) wi...
by happymob
Mon Apr 16, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: better? Lowering taxable income to 12%, go below 63k to collect Savers credit, or max all Roths
Replies: 35
Views: 3315

Re: better? Lowering taxable income to 12%, go below 63k to collect Savers credit, or max all Roths

I'd go with Roth as well to the top of the 12% bracket, unless you have other tax credit considerations, such as the Premium Tax Credit.
by happymob
Fri Jan 26, 2018 5:44 pm
Forum: Personal Consumer Issues
Topic: Board game for 3 year old
Replies: 36
Views: 2324

Re: Board game for 3 year old

Sequence for Kids involves some strategy (though the 3 year old can just play whatever) and it's easy for parents to deliberately throw the game if they choose without making it obvious to the kid that you are throwing the game.
by happymob
Mon Dec 25, 2017 1:52 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 57
Views: 7445

Re: Tax Reform - Revised Kiddie Tax

If parents are in the new 12% bracket, it seems like trust rates for the kids will very quickly exceed the parents rate.
by happymob
Sat Dec 23, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Bad bond options in 403B
Replies: 15
Views: 1014

Re: Bad bond options in 403B

We also have terrible (well, not quite as terrible as yours, but non-indexed and near 1.0% ERs) bond options in our 403b plans, while simultaneously having great equity options (Vanguard Institutional Total Stock, Small-cap value, REIT, etc at Vanguard's cost, so sub 0.1% ER). We just find other pla...
by happymob
Sun Oct 15, 2017 5:35 am
Forum: Personal Consumer Issues
Topic: What do you buy in Asian food stores?
Replies: 98
Views: 8992

Re: What do you buy in Asian food stores?

Vegetables I can't get in standard grocery stores around here (bok choy, garlic greens, etc) Vegetables that are significantly cheaper (shallots) Locally-made tofu Fresh (non-dried) Asian noodles Dried Asian noodles Rice Pork bellies Frozen ducks (head off, I'm not that bold) Gochujang paste (we go ...
by happymob
Tue May 16, 2017 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Has anyone sold TIPS prior to maturity
Replies: 21
Views: 2055

Re: Has anyone sold TIPS prior to maturity

We bought a slug of Tips in October 2008. The real rate was around 3%. At some point, the rate dropped below 1% and I sold about half the holding for a large gain. I thought the real rate of a TIPS was fixed for the life of the bond. Am I confused and/or misinformed? --vtMaps The rate is fixed, but...
by happymob
Tue Apr 18, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 83
Views: 9262

Did anything surprise you in your 2016 taxes?

The intent of this thread is to spread the word about oddball tax situations that people may not know about to better plan for 2017. With that said, is there anything about your 2016 taxes that caught you off-guard? In my case, it was the retirement saver's credit. Our AGI was lower this year than u...
by happymob
Thu Mar 30, 2017 6:41 am
Forum: Investing - Theory, News & General
Topic: What do you expect to achieve with your Tilt?
Replies: 85
Views: 8534

Re: What do you expect to achieve with your Tilt?

Honestly, I may or may not achieve any actual improvement in returns.

What I expect to achieve is a little added entertainment as I see that small-cap value is up (or down) or emerging markets are up (or down). It's just more interesting than a 3-fund portfolio.
by happymob
Tue Mar 28, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Illusion of poverty/wealth
Replies: 166
Views: 29761

Re: Illusion of poverty/wealth

bigred77 wrote:The "illusion of poverty" is really prevalent amongst a subset of Bogleheads IMO...
An even more extreme case of this than Bogleheads is Mr. Money Mustache mustachians.
by happymob
Mon Mar 06, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Is this a financially viable way to use dividends over the next 40 years?
Replies: 8
Views: 1503

Re: Is this a financially viable way to use dividends over the next 40 years?

Since this is in an IRA anyway, I don't really understand the preference for holding a dividend fund (which, as indicated, will be somewhat concentrated in financials and utilities) over a total stock market or S&P 500 fund.
by happymob
Sun Feb 05, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Keep a Local Bank?
Replies: 76
Views: 6693

Re: Keep a Local Bank?

What about signature guarantee on financial documents? That isn't the same as a notary. Most banks will do this as a courtesy for non account holders. Regarding local bank- I would maintain one (or credit union) for a local account with a nominal balance. Occasionally (1-2) I need the local bank fo...
by happymob
Wed Oct 05, 2016 6:46 am
Forum: Investing - Theory, News & General
Topic: Any issue with too many tax lots/betterment
Replies: 8
Views: 867

Re: Any issue with too many tax lots/betterment

"Various" works. If I did my taxes by hand, I would avoid Betterment like the plague. With tax software, the burden is trivial.
by happymob
Sun Sep 25, 2016 7:49 am
Forum: Personal Consumer Issues
Topic: Would you buy this house in a flood zone? HELP!
Replies: 63
Views: 6369

Re: Would you buy this house in a flood zone? HELP!

Make sure you understand what is meant by flood and what flood insurance will and will not cover. Our story - We bought a house in a flood plain in 2006. The sellers told us at the time that the house hadn't flooded since 1985. This was consistent with how other people in town defined flood. What we...
by happymob
Sat Sep 10, 2016 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Would it make sense for me to not max out my 401K?
Replies: 71
Views: 9224

Re: Would it make sense for me to not max out my 401K?

Regardless of your tax bracket, you should contribute to get the full match. Otherwise, if I were you, I would only contribute to the 401k until I was in the 15% tax bracket. Unless you have a lot of income other than salary, that would mean not maxing your 401k. Other people will tell you to alway...
by happymob
Tue Jul 05, 2016 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Has a bank offered you a "Special" CD rate?
Replies: 16
Views: 2465

Re: Has a bank offered you a "Special" CD rate?

Yes. I've received changes from published rates and early withdrawal terms multiple times.
by happymob
Sat May 21, 2016 11:09 am
Forum: Investing - Help with Personal Investments
Topic: is it worth it to add REITs to my simple 3 fund portfolio?
Replies: 24
Views: 2409

Re: is it worth it to add REITs to my simple 3 fund portfolio?

If inflation picks up and exceeds expectations then at least theoretically REITs should do better than stocks and conventional bonds. Greater correlation with inflation. It's a bit more complicated than that. The underlying real estate holdings should do ok with inflation, but inflation tends to br...
by happymob
Sat May 14, 2016 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Intra-Family Mortgage INSTEAD of Investing
Replies: 27
Views: 3071

Re: Intra-Family Mortgage INSTEAD of Investing

While your mom could get a tax deduction, you will have to recognize it as income and pay taxes on it. You don't really come out ahead. If you're mom wants to transfer money to you, just have her give it to you as a gift. She could give you and your husband each 14k a year tax free plus another ~$5...
by happymob
Fri May 13, 2016 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: 10 Year TIPS Auction
Replies: 14
Views: 1730

Re: 10 Year TIPS Auction

If this is in taxable, and I hadn't maxed out I-bond purchases for the year, I would prioritize that over the 10-year TIP. Similar yields, but taxes are deferred and you have a lot more flexibility with the I Bond. If you were planning to buy in tax-deferred accounts, but have money in taxable, I wo...
by happymob
Thu Apr 28, 2016 8:16 am
Forum: Investing - Help with Personal Investments
Topic: How many financial accounts to maintain?
Replies: 30
Views: 4013

Re: How many financial accounts to maintain?

My wife and I currently have 20 savings and investment accounts (so no credit cards in that number). That is more than I would like and we are actively consolidating, but in a perfect world, we would still end up with: Rewards checking account Taxable brokerage 2x Roth IRAs 2x Workplace 403b 2x TIAA...
by happymob
Mon Apr 18, 2016 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Learning Quest (Kansas) Investment Options
Replies: 3
Views: 466

Re: 529 Learning Quest (Kansas) Investment Options

There's no real reason to invest in the KS Learning Quest 529 - KS gives a deduction for any state's 529 plan. Shop around for lower expenses.
by happymob
Wed Mar 30, 2016 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Non-coverd vs Covered Shares
Replies: 7
Views: 829

Re: Non-coverd vs Covered Shares

Jenmke, regrettably, I have one of those "vintage" taxable mutual funds my parents bought for me in the late 60's. Long before computers could keep track. Were I to sell today, neither I nor the IRS would have a clue how much LTCG tax I might owe. My solution: keep it in the estate and let the kids...
by happymob
Wed Mar 30, 2016 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Non-coverd vs Covered Shares
Replies: 7
Views: 829

Re: Non-coverd vs Covered Shares

Jenmke, regrettably, I have one of those "vintage" taxable mutual funds my parents bought for me in the late 60's. Long before computers could keep track. Were I to sell today, neither I nor the IRS would have a clue how much LTCG tax I might owe. My solution: keep it in the estate and let the kids...
by happymob
Thu Mar 03, 2016 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for Investing Inheritant Money
Replies: 15
Views: 2850

Re: Strategy for Investing Inheritant Money

Thanks all! @rmelvey I already maxed out retirement accounts every year since I'm also at the highest tax bracket now . To sum up, a reasonable strategy would be: 1. Read, learn and investigate to find a low cost index-based allocation that I'm comfortable with. 2. Invest 20% of the money each mont...
by happymob
Tue Feb 23, 2016 8:03 am
Forum: Personal Finance (Not Investing)
Topic: 529
Replies: 9
Views: 1546

Re: 529

thanks for the replies......I'm the custodian of the account. It is for my 2015 taxes. Its through Vanguard's 529, therefore through Nevada's apparently. OK, so there is no MI tax advantage for you. Which is not a bad thing in the long run. Who is the owner of the account? You? Your granddaughter? ...
by happymob
Sat Feb 06, 2016 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Grandson working for me-Child labor law?
Replies: 35
Views: 3211

Re: Grandson working for me-Child labor law?

Ron wrote:No different than a "child" working on a family farm, much younger in age.
Except, legally, it might be different. Exemptions to family farms likely wouldn't apply to family construction business.
by happymob
Mon Feb 01, 2016 9:56 am
Forum: Personal Finance (Not Investing)
Topic: ESPP - help talk me into selling
Replies: 8
Views: 1334

Re: ESPP - help talk me into selling

The standard Bogleheads response for ESPP (and for many at my workplace) is "sell it as soon as you get it" for the instant ROI, but this stock has also kept me above water for the past year. Economy tanks. Stock market tanks. Your company's stock price tanks. You are laid off. This is about risk. ...
by happymob
Tue Jan 19, 2016 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Planning For Future Estate Taxes
Replies: 18
Views: 1900

Re: Planning For Future Estate Taxes

Is there any chance of selling the development rights to the State/ This has worked very well to preserve farmland in CT. They can continue to live there but can sell at any time or leave it to their heirs. The only subsequent use would be for agricultural purposes. (no housing developments, malls,...
by happymob
Tue Jan 12, 2016 9:20 am
Forum: Personal Consumer Issues
Topic: Are Online/Distance Graduate Degrees Respected?
Replies: 28
Views: 8188

Re: Are Online/Distance Graduate Degrees Respected?

Ninnie wrote: Of course, avoid the for-profits (U. Phoenix, Capella, SNHU, etc.)
SNHU is non-profit, for the record. There are some other, mostly online, non-profits, like Excelsior College, Thomas Edison State, Western Governors University, and Charter Oak State.
by happymob
Tue Jan 12, 2016 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Large amount of CDs maturing....what to do?
Replies: 162
Views: 23610

Re: Large amount of CDs maturing....what to do?

Not sure how much money we are talking about or where you are, but we have found that multiple local banks (in the Midwest) have been willing to change their normal terms (for large CDs) for us. We have been offered better than advertising rates and/or better than advertised early withdrawal penalti...
by happymob
Fri Dec 25, 2015 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Individual Bonds vs Bond Funds
Replies: 12
Views: 1566

Re: Individual Bonds vs Bond Funds

Defaults happen. I don't mind buying individual treasuries, but I want diversity in corporates.
by happymob
Wed Nov 18, 2015 8:14 am
Forum: Personal Consumer Issues
Topic: Treehouse in Backyard - Liability Question
Replies: 30
Views: 4163

Re: Treehouse in Backyard - Liability Question

+1 to Umbrella policy. Costs are reasonable for coverage over home and Autos. Peace of mind is definitely worth it! Not reasonable to expect friends won't want to go in treehouse. It's there for fun...kids are kids and things happen. If it does, your Homeowners policy will cover and Umbrella will b...
by happymob
Sat Nov 07, 2015 8:45 am
Forum: Investing - Help with Personal Investments
Topic: How to take advantage of 15% tax bracket?
Replies: 37
Views: 5777

Re: How to take advantage of 15% tax bracket?

We still have ~$30K of carryover capital losses, so tax-gain harvesting isn't ideal at this time. What we currently are doing is rolling over traditional IRAs to Roth IRAs. Once that is finished, we will shift some money currently going into a traditional 403b plan into a Roth 403b plan. If we can m...
by happymob
Sun Nov 01, 2015 9:23 am
Forum: Investing - Help with Personal Investments
Topic: EE Series Saving Bonds 1987 & 1989
Replies: 9
Views: 2015

Re: EE Series Saving Bonds 1987 & 1989

My understanding is that tax is owed at year 30, whether they redeem them or not.
by happymob
Sat Oct 31, 2015 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Investing disagreements with spouse
Replies: 86
Views: 10184

Re: Investing disagreements with spouse

I wouldn't even try to convince her. After all, trading individual stocks is a lot more work but the expected value of her traded portfolio is about equal to the expected value of the S&P 500 (assuming she is trading large-cap stocks). I'd split the portfolio and let her manage her half the way she...
by happymob
Thu Oct 22, 2015 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents with custody of child receiving SSA
Replies: 15
Views: 1821

Re: Grandparents with custody of child receiving SSA

It should be noted that if the child does not have significant other assets via inheritance, they could choose to pay interest on savings bonds annually (pre-redemption), which would make them tax-free up to kiddie tax limitations.
by happymob
Thu Oct 22, 2015 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents with custody of child receiving SSA
Replies: 15
Views: 1821

Re: Grandparents with custody of child receiving SSA

But buying savings bonds could satisfy the ssa requirement and have tax exempt interest if used for qualifying education expenses . I understand that a minor can be the account holder and beneficiary of a 529 account if there is a adult custodian of the account but I haven't found anyone to describ...
by happymob
Wed Oct 21, 2015 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Questions about part-year HDHP/HSA
Replies: 1
Views: 461

Questions about part-year HDHP/HSA

- I left my job at the end of May 2015. - I had health insurance through the end of June. - I was without coverage in July and August, though I could have signed up for COBRA had something serious happened. - I have been under a HDHP through the marketplace since September 1st ($6000 deductible, $60...
by happymob
Wed Sep 30, 2015 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Difference in risk between S&P 500 dividend and CD?
Replies: 38
Views: 3168

Re: Difference in risk between S&P 500 dividend and CD?

Perhaps you can find some research on the likelihood of losing dividends on stocks vs. interest payments on CD's in a given 5 year period. In 2008 the S&P 500 paid $32.18 in dividends while in 2009 the payout was $24.73. The payout didn't recover until 2012 at $32.43. For 2014 the payout was $40.03...
by happymob
Tue Sep 22, 2015 10:21 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Unveils Two International Dividend Funds]
Replies: 26
Views: 3938

Re: Two New Vanguard Dividend Funds

Some (perhaps 20-25% based on Vanguards other international index funds) of the dividends won't be qualified.
by happymob
Wed Jul 29, 2015 9:15 am
Forum: Personal Consumer Issues
Topic: prepaid phone less than $50 with Android Lollipop 5.0
Replies: 10
Views: 1728

Re: prepaid phone less than $50 with Android Lollipop 5.0

The emulator is slow in the best of circumstances. Do you want a 45s compile-test cycle or 120s cycle? The former is still painful for my style of programming, but I can't tolerate the latter at all. Buy the cheap phone. Don't fret the 5.0 issue.

FWIW, I do primary development on a Moto G.
by happymob
Mon Apr 13, 2015 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Comparing Roth vs Traditional 401k in TurboTax
Replies: 5
Views: 672

Re: Comparing Roth vs Traditional 401k in TurboTax

Thanks. My wages amount shows as identical in the Social Security wages and Medicare wages box as well. If I change it in all three places, I get a warning from Turbotax that my SS and Medicare wages were overwithheld. My tax refund changes as well as a result of this. To accurately represent the s...
by happymob
Wed Apr 01, 2015 6:39 am
Forum: Personal Consumer Issues
Topic: Tesla to start making Batteries for Home Solar
Replies: 61
Views: 6446

Re: Tesla to start making Batteries for Home Solar

Why not just use the grid? During the day when the sun is out, sell your PV power to the local utility company, and then after dark you buy it back, or at least buy back some of it. They are the battery. It is silly for everyone to have their own home batteries. There are variations on this system ...
by happymob
Tue Mar 24, 2015 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: College Scholarships
Replies: 7
Views: 1084

Re: College Scholarships

Keep in mind that you can withdraw money from a 529 plan penalty-free if your child receives a scholarship. You have to pay taxes on the withdrawal and you have to withdraw it that year (so the tax situation may not be ideal), but this helps ease my own mind that I am over funding 529 plans. As to s...
by happymob
Wed Mar 18, 2015 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: DRIP and Wash Sale Rule
Replies: 3
Views: 667

Re: DRIP and Wash Sale Rule

If you sell everything, you'll be ok as long as you don't repurchase within 30 days.
by happymob
Wed Feb 18, 2015 11:55 am
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 172
Views: 21742

Re: What is the worst financial decision that you've made?

Lots and lots of QQQQ (before it was QQQ) before it crashed. Hey, it was an index! Surely, it was safe! I mean, it wasn't all dot coms. It had Cisco and WorldCom and Microsoft, in addition to the dot coms!
by happymob
Sun Feb 01, 2015 7:18 am
Forum: Investing - Theory, News & General
Topic: "Planet Money" is shorting SPY
Replies: 26
Views: 3888

Re: "Planet Money" is shorting SPY

There were many comments about unlimited losses and borrowing, or lack of margin account for IRA. While I don't practice this, one could buy Put options on S&P 500. If you feel you know a specific timeframe the market will fall, you only risk the premium. OTOH, you can write calls, have potential u...