Search found 167 matches

by JV
Sat Nov 28, 2020 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Son diagnosed with Type 1 Diabetes - how prepare for future?
Replies: 55
Views: 4693

Re: Son diagnosed with Type 1 Diabetes - how prepare for future?

I strongly recommend looking into getting insulin from Canada or another country. It's several times less expensive for the same product. There are several online support groups and forums for both patients and parents. Have you looked at and/or joined them for tips and advice? My wife is on a bunc...
by JV
Sat Nov 28, 2020 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Son diagnosed with Type 1 Diabetes - how prepare for future?
Replies: 55
Views: 4693

Re: Son diagnosed with Type 1 Diabetes - how prepare for future?

Between the BHs who have reached out via PM and those who have responded to this thread, it has been an immense help. Thank you all for your kind responses and best wishes. I think I have a solid grasp of how to financially tackle this, between things I can do now and how I can coach him in the futu...
by JV
Fri Nov 27, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Son diagnosed with Type 1 Diabetes - how prepare for future?
Replies: 55
Views: 4693

Re: Son diagnosed with Type 1 Diabetes - how prepare for future?

Can't thank you all enough for the advice here. As always, the BH folks come through. Aside from medical insurance, would anyone recommend anything else from a financial perspective? As I mentioned above, I was thinking about funding a Roth IRA for him based on his yearly earnings. He and I would wo...
by JV
Fri Nov 27, 2020 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Son diagnosed with Type 1 Diabetes - how prepare for future?
Replies: 55
Views: 4693

Re: Son diagnosed with Type 1 Diabetes - how prepare for future?

arcticpineapplecorp. wrote: Fri Nov 27, 2020 7:15 pm If you tell us what state you're in we could look it up to see if he might qualify for some of these programs.
NY
by JV
Fri Nov 27, 2020 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Son diagnosed with Type 1 Diabetes - how prepare for future?
Replies: 55
Views: 4693

Re: Son diagnosed with Type 1 Diabetes - how prepare for future?

Thank you for the kind responses. We've been overwhelmed with support from both folks we know and the online community. It's odd, people seemed to come out of the woodwork when we told them of the diagnosis: they either were Type 1 themselves or knew someone close to them that was. He is on a Dexcom...
by JV
Fri Nov 27, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Son diagnosed with Type 1 Diabetes - how prepare for future?
Replies: 55
Views: 4693

Son diagnosed with Type 1 Diabetes - how prepare for future?

Our lives were flipped upside down about a month ago when my 17yo son was diagnosed with Type 1 Diabetes. It's been a whirlwind since then getting a crash course in how to manage this. DW & I have stable jobs and excellent benefits, so we are very lucky. We are blown away by what the total retai...
by JV
Fri Nov 27, 2020 3:24 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA for working child?
Replies: 40
Views: 2540

Re: Roth IRA for working child?

Can't thank everyone enough for their thoughtful responses. Life has now thrown me a curve ball as my son was diagnosed with Type 1 Diabetes about 3 weeks ago. I think the importance of giving him a head start with a Roth IRA is now even more important. I'll be creating a separate post asking for so...
by JV
Wed Oct 21, 2020 11:57 am
Forum: Investing - Theory, News & General
Topic: Roth IRA for working child?
Replies: 40
Views: 2540

Re: Roth IRA for working child?

OK, let's pretend I never said anything about not discussing this idea with him. I'll remove that from the original post.
by JV
Wed Oct 21, 2020 11:41 am
Forum: Investing - Theory, News & General
Topic: Roth IRA for working child?
Replies: 40
Views: 2540

Re: Roth IRA for working child?

I am less sanguine about the secrecy, why you wouldn't want to use the account as a teaching tool? I hear you, and am debating that same issue. I could certainly use it as a teaching tool, or I could use it as a graduation gift/surprise. I'm not worried about that at this point. I'd really just lik...
by JV
Wed Oct 21, 2020 11:33 am
Forum: Investing - Theory, News & General
Topic: Roth IRA for working child?
Replies: 40
Views: 2540

Roth IRA for working child?

My high school-aged son started working part-time earlier this year, and my daughter will probably do the same thing in a year or two. We have a fair amount socked away in a 529 and I am reluctant to add more for them, as we're not sure of their future plans college-wise at this point. I am consider...
by JV
Fri Jun 05, 2020 7:08 pm
Forum: Investing - Theory, News & General
Topic: Anyone have a spreadsheet to compare bonds vs stocks in taxable?
Replies: 2
Views: 250

Anyone have a spreadsheet to compare bonds vs stocks in taxable?

Does anyone have a Google Docs spreadsheet or does the BH wiki have a spreadsheet that has formulas for comparing bonds vs stocks in taxable accounts? Rather than reinvent the wheel, I figured I'd check here first. I know there's lots of opinions on this topic (e.g. bonds always in tax-deferred vs b...
by JV
Thu May 21, 2020 12:52 pm
Forum: Personal Investments
Topic: Does Capital one send emails when their interest rate decreases?
Replies: 29
Views: 1628

Re: Does Capital one send emails when their interest rate decreases?

Nope! Rate just went from 1.5 to 1.3 as others have said, and I was checking every day as I was curious since I just opened mine up on 5/7. No notification was sent.
by JV
Wed May 20, 2020 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 123
Views: 16353

Re: Capital One 360 Savings Promo

Two interesting observations after opening my CO 360 account since 5/7: - It takes a full 6-7 days for $$ to be available in CO after transferring, which seems like a long time. The $$ comes out of my transferred account within 1-2 days, but sits in "processing" for almost a week before be...
by JV
Wed May 06, 2020 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 123
Views: 16353

Re: Capital One 360 Savings Promo

I have a GM card called "Buy Power Card" that has the CapitalOne logo on it. (I believe they just administer it??) Don't know if this makes me an official CapitalOne member or not?? :shock: Based on what I snipped from their website above, it says nothing about being disqualified for havi...
by JV
Wed May 06, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 123
Views: 16353

Re: Capital One 360 Savings Promo

From the CO website: Open a 360 Performance Savings account between 12:00 a.m. ET on April 16, 2020, and 11:59 p.m. ET on May 31, 2020. When you open your account, enter your promotional code—SCORE500. If you have or had an open savings and/or money market account ( excluding CDs, IRA savings accoun...
by JV
Wed May 06, 2020 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 123
Views: 16353

Re: Capital One 360 Savings Promo

I just took advantage of this today. Was looking for a new place to park my EF due to horrid MM rates. Website was super slick, took me < 3 minutes to complete it, another 2 minutes to add joint account holder. I already have a Cap One CC so that did save me a little time. I already got a confirmati...
by JV
Mon Apr 20, 2020 7:45 pm
Forum: Personal Investments
Topic: Taxable acct: How build portfolio for needs in 3, 7 or 9 years?
Replies: 7
Views: 988

Re: Taxable acct: How build portfolio for needs in 3, 7 or 9 years?

Any other opinions or advice here? Thank you.
by JV
Mon Apr 20, 2020 3:25 pm
Forum: Personal Investments
Topic: Taxable acct: How build portfolio for needs in 3, 7 or 9 years?
Replies: 7
Views: 988

Re: Taxable acct: How build portfolio for needs in 3, 7 or 9 years?

What specific expenses are you anticipating? I think 1 year expenses plus 25k plus 100k more is way way more than you need. It's tough to know the exact expenses at this point, but I anticipate a possible down-payment for a new home, moving expenses, money for furnishings, etc. That's also the time...
by JV
Sun Apr 19, 2020 2:06 pm
Forum: Personal Investments
Topic: Taxable acct: How build portfolio for needs in 3, 7 or 9 years?
Replies: 7
Views: 988

Taxable acct: How build portfolio for needs in 3, 7 or 9 years?

Hello, fellow BH's. I want to build my taxable portfolio for use at potentially different times in the near future (either 3, 7 or 9 years) depending on several factors at those times. I could use some advice as to how to invest accordingly. Let me explain: DW (48yo) and I (47yo) are yearning to lea...
by JV
Sun Mar 29, 2020 9:47 pm
Forum: Investing - Theory, News & General
Topic: Does MAGI include tax-exempt interest from muni bonds?
Replies: 7
Views: 571

Re: Does MAGI include tax-exempt interest from muni bonds?

FiveK wrote: Sun Mar 29, 2020 8:50 pm There are offsets for the Roth MAGI. See Worksheet 2-1 at https://www.irs.gov/publications/p590a# ... 1000230985.
Thank you, FiveK. I didn't scroll down far enough. I see no mention of tax-exempt bond interest, so that appears to solve my issue.
by JV
Sun Mar 29, 2020 8:32 pm
Forum: Investing - Theory, News & General
Topic: Does MAGI include tax-exempt interest from muni bonds?
Replies: 7
Views: 571

Re: Does MAGI include tax-exempt interest from muni bonds?

Holy smokes, could our tax code possibly get any more difficult? (yes, that's rhetorical). Thanks to you all for the links. Had no idea MAGI was different for different situations. If I'm reading that right, MAGI is basically the same as AGI for Roth IRAs. I don't see offsets to AGI to come up with ...
by JV
Sun Mar 29, 2020 7:33 pm
Forum: Investing - Theory, News & General
Topic: Does MAGI include tax-exempt interest from muni bonds?
Replies: 7
Views: 571

Does MAGI include tax-exempt interest from muni bonds?

Greetings, fellow BHs. I'm adding money to my taxable account and investing for the first time in VTMFX (VG Tax-Managed Balanced). To be safe I checked the income thresholds to fully fund a Roth IRA for 2020, and DW and are below that cusp. However, I researched MAGI (Modified AGI) which is used to ...
by JV
Thu Sep 26, 2019 9:04 pm
Forum: Personal Investments
Topic: Should I switch to Roth 401k with Pension factored in?
Replies: 6
Views: 569

Re: Should I switch to Roth 401k with Pension factored in?

You should probably plan on having a portfolio value of $1.3M - $1.5M if you want to retire early and withdraw $50K/yr. That would work out to a 3.3% - 3.8% withdrawal rate, which should handle most situations for early retirement (assuming the COLA pension really does keep up with inflation). That...
by JV
Thu Sep 26, 2019 7:26 pm
Forum: Personal Investments
Topic: Should I switch to Roth 401k with Pension factored in?
Replies: 6
Views: 569

Re: Should I switch to Roth 401k with Pension factored in?

ETA: Another consideration is whether you're likely to move to another state in retirement. If for example you're likely to move to a state with lower or no income tax, that's another argument for deferring taxes now. I appreciate your feedback. As for your quote above, while my wife and I have tal...
by JV
Thu Sep 26, 2019 6:33 pm
Forum: Personal Investments
Topic: Should I switch to Roth 401k with Pension factored in?
Replies: 6
Views: 569

Should I switch to Roth 401k with Pension factored in?

Hello, fellow BHs. My wife and I, provided things go as planned, are 8-10 yrs from retirement. I've been maxing 401k/403b/Roth IRAs/529s for some time now, tax-deferred options where possible. I am in the early stages of researching and running some scenarios for retirement, and a question has been ...
by JV
Sun Sep 22, 2019 12:59 pm
Forum: Personal Investments
Topic: Does pension income affect Social Security taxes?
Replies: 12
Views: 1811

Re: Does pension income affect Social Security taxes?

Thank you. Looks like what I am reading is incorrect, or I misunderstood it. Looks like there is no avoiding SS taxation (unless the income is below a certain threshold), even if you have a pension or simply get distributions from a 401k/IRA/whatever, as it all appears to be treated as income.
by JV
Sun Sep 22, 2019 12:46 pm
Forum: Personal Investments
Topic: Does pension income affect Social Security taxes?
Replies: 12
Views: 1811

Re: Does pension income affect Social Security taxes?

I understand that (or think I do), but again, based on what I am reading, SS should not consider a pension as taxable income. Is that simply not accurate?
by JV
Sun Sep 22, 2019 12:33 pm
Forum: Personal Investments
Topic: Does pension income affect Social Security taxes?
Replies: 12
Views: 1811

Does pension income affect Social Security taxes?

I'm about 8-10 years from retirement and am plinking around in H&R Block Tax Cut with several scenarios. I entered my wife's NY teacher pension as one scenario, but then added Social Security income on top of that as well. Everything I'm reading online says that SS does not consider pension inco...
by JV
Fri Sep 20, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: How factor in pension with savings goal?
Replies: 16
Views: 1470

Re: How factor in pension with savings goal?

Thanks to you all for taking the time to provide your perspective. For some context, we're only 10 yrs out from her retirement, so it is reasonably close and I feel we can generally count on that income at that time. Obviously nothing is written in stone. I plan to retire at 55 and tap my 401k (if n...
by JV
Wed Sep 18, 2019 8:03 pm
Forum: Investing - Theory, News & General
Topic: How factor in pension with savings goal?
Replies: 16
Views: 1470

Re: How factor in pension with savings goal?

Well, I wouldn't consider it a possible pension. Sure, I guess NYS could go bankrupt or she could die, but...I'd like to factor in all possibilities. So, if I were to factor in this pension amount, would the article's recommendation make sense?
by JV
Wed Sep 18, 2019 7:35 pm
Forum: Investing - Theory, News & General
Topic: How factor in pension with savings goal?
Replies: 16
Views: 1470

How factor in pension with savings goal?

My wife is due a teacher's pension at retirement. One thing I've always struggled with is how to factor that in when trying to determine how much we need to save for retirement. I read an article tonight that seemed to make sense but wanted to sanity check it with you experts. It simply said to divi...
by JV
Sun Jan 06, 2019 8:07 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a Ryan Home?
Replies: 30
Views: 8805

Re: Thoughts on Buying a Ryan Home?

My wife and I have toured several Ryan Homes, at least 5, over the course of the last year, in our home search in Western NY. Every single one of them was poorly constructed. The floors squeaked like crazy, and many of the little details were not properly done, such as the molding, caulking, etc. Th...
by JV
Fri Mar 30, 2018 3:33 pm
Forum: Personal Investments
Topic: With new tax brackets when do munis make sense?
Replies: 5
Views: 1340

Re: With new tax brackets when do munis make sense?

I hear you, but the NY LT fund is difficult to adequately compare to other funds, as it's more of an intermediate term fund (duration is 6.7 yrs) but categorized as LT.
by JV
Fri Mar 30, 2018 3:25 pm
Forum: Personal Investments
Topic: With new tax brackets when do munis make sense?
Replies: 5
Views: 1340

With new tax brackets when do munis make sense?

My apologies if this was clearly discussed elsewhere but I've searched around to no avail. With the new tax law and brackets, what bracket is the "cut-off" for when munis make sense? I know there's not a perfect answer, but the 25% bracket used to be the sweet-spot, where sometimes the TEY...
by JV
Sun Dec 31, 2017 10:41 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2529
Views: 256585

Re: Netflix, Your Current Favorite Show

Peaky Blinders!
by JV
Sun Dec 31, 2017 7:21 pm
Forum: Personal Investments
Topic: NY Gov. Cuomo Allows NY Tax Prepayment - but counties still have final say
Replies: 5
Views: 1206

Re: NY Gov. Cuomo Allows NY Tax Prepayment - but counties still have final say

I appreciate the update, MoneyBagsRx. Unfortunately it's too late for me! I do still think the Erie County Tax Act prevents this, as the County Exec. ruled that the Act disallows prepayments. But perhaps something changed I am unaware of. Again, thanks for the news.
by JV
Fri Dec 22, 2017 8:16 pm
Forum: Personal Investments
Topic: NY Gov. Cuomo Allows NY Tax Prepayment - but counties still have final say
Replies: 5
Views: 1206

NY Gov. Cuomo Allows NY Tax Prepayment - but counties still have final say

FYI that NY Gov. Cuomo just announced that NY residents may prepay 2018 town and school tax payments in 2017 to claim the deduction in 2017. However, each county within the state may still prohibit this. I personally reside in Erie County, and the Erie County Tax Act does not allow for this. Last we...
by JV
Mon May 22, 2017 11:42 am
Forum: Personal Investments
Topic: Thoughts on my ESPP
Replies: 19
Views: 2344

Re: Thoughts on my ESPP

Yikes. I called my ESPP provider and it turns out there is no "look back" period, meaning they don't use the lowest price at designated periods of the contribution period. The stock price is simply the price on the final day of the contribution period. So there is no chance of a further di...
by JV
Mon May 22, 2017 7:54 am
Forum: Personal Investments
Topic: Thoughts on my ESPP
Replies: 19
Views: 2344

Re: Thoughts on my ESPP

I appreciate everyone's diverse responses. I admit to still being on the fence with this. I understand both sides, but now need to make a decision. To cover all bases I'm calling Fidelity to ensure I have the plan details exactly right. If I do this, it won't be to the max, maybe up to $5k or so.
by JV
Sun May 21, 2017 3:03 pm
Forum: US Chapters
Topic: Average age of a Boglehead
Replies: 18
Views: 3571

Re: Average age of a Boglehead

Age 44
by JV
Fri May 19, 2017 9:37 am
Forum: Personal Investments
Topic: Thoughts on my ESPP
Replies: 19
Views: 2344

Re: Thoughts on my ESPP

I'm a little confused by your explanation. The holding period is six months after purchase, but the purchase is made six months after the contribution? Sorry. So open enrollment is now. The contribution period runs from 7/1 - 12/31, meaning I fund an account via my paycheck for 6 months. On 12/31 (...
by JV
Fri May 19, 2017 7:50 am
Forum: Personal Investments
Topic: Thoughts on my ESPP
Replies: 19
Views: 2344

Re: Thoughts on my ESPP

You have to decide if you're ok holding a stock for 6 months. I've been in a company where in less than 6 months, stock has gone from $48 to $12, so I would personally pass. It's something I'm not entirely comfortable with, but if I had a solid shot at a decent return I'd consider it. In the end, t...
by JV
Thu May 18, 2017 7:47 pm
Forum: Personal Investments
Topic: Thoughts on my ESPP
Replies: 19
Views: 2344

Thoughts on my ESPP

The open enrollment period has begun for my company's ESPP. To date I've been a Boglehead and avoided individual stocks, so quite honestly I blew off this opportunity for the last couple of years. But I figured I'd take a second look and ask for everyone's thoughts: The plan takes funds for a 6-mont...
by JV
Tue Nov 01, 2016 8:37 am
Forum: Personal Investments
Topic: Any NYS Teachers with 403B?
Replies: 24
Views: 3490

Re: Any NYS Teachers with 403B?

My wife works for a district in NYS and goes through Omni as well. Luckily we originally had Vanguard as an option, but recently the district removed Vanguard as the level of participation with them was low ( :oops: ). I fought to retain my wife's participation with Vanguard, so luckily we're grandf...
by JV
Sat Jun 04, 2016 9:44 am
Forum: Personal Consumer Issues
Topic: Anybody successfully start writing fiction for pay as a side income?
Replies: 25
Views: 4388

Re: Anybody successfully start writing fiction for pay as a side income?

As someone who has self-published a nonfiction book, 2 novels, a novella, and several short stories, I can comment firsthand and tell you one thing: don't do this to make money, do it because you love it and "can't not do it." If you decide to 'try writing fiction' to make money, I'd estim...
by JV
Thu Feb 04, 2016 11:23 am
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 137
Views: 20235

Re: Sibling's destination wedding?

I was in this very situation, and am now going on 2 years that my brother has not spoken to me because my wife and I chose not to attend. But I wouldn't change a thing and would make the same decision again, regardless of the consequences. That's how comfortable you have to feel about this decision,...
by JV
Thu Nov 05, 2015 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Use HELOC for Non-Contingent Home Downpayment?
Replies: 1
Views: 386

Use HELOC for Non-Contingent Home Downpayment?

The wifey and I may move within our region to another suburb with a better school district and the opportunity to be in a subdivision vs the country. My home is currently paid off (~ $300k value), and I have a $25 HELOC available to me right now. To my knowledge, it's generally easier to purchase a ...
by JV
Thu Jul 16, 2015 11:20 am
Forum: Personal Consumer Issues
Topic: '13 Kia Sorento vs '15 Toyota Highlander
Replies: 19
Views: 2708

Re: '13 Kia Sorento vs '15 Toyota Highlander

Thank you all for your replies thus far. I agree, it does seem apples-to-oranges comparing a $25k used Sorento to a new Highlander, but those are our options right now. We can find used Toyota's in the 2013 range, but they are still expensive, and we often can't find the color/trim level we desire, ...
by JV
Wed Jul 15, 2015 7:17 pm
Forum: Personal Consumer Issues
Topic: '13 Kia Sorento vs '15 Toyota Highlander
Replies: 19
Views: 2708

Re: '13 Kia Sorento vs '15 Toyota Highlander

Dutch wrote:That said: $25,000 for a 2013 KIA Sorento seems high.
The KBB and NADA sites support the 25k price for the Kia. It is an SX Limited model, their best trim level with every option you can think of.