Search found 118 matches

by humblecoder
Tue Nov 24, 2020 10:11 am
Forum: Personal Investments
Topic: The Anti-ESG portfolio
Replies: 36
Views: 1724

Re: The Anti-ESG portfolio

Is it possible to construct a global portfolio of stocks that are non-ESG using solely ETFs? For example, I only want to invest in companies that pollute our oceans, sell drugs, weapons, tobacco and alcohol, mistreat or underpay their employees, try to cheat their employees out of health care, are ...
by humblecoder
Tue Nov 24, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating possible jobs
Replies: 23
Views: 1434

Re: Evaluating possible jobs

Job 1 State job - pay $100K-$110K. government job, state benefits, state pension, literally zero overtime 8:30-4:30, govt holidays, 15 sick days which you can roll over, 13 PTO days 2 floating holidays, and 2 other days off, forget what they called them. Seems like the obvious choice, but my headhu...
by humblecoder
Tue Nov 24, 2020 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house in NJ, how much to spend?
Replies: 50
Views: 2621

Re: Buying a house in NJ, how much to spend?

You can go north west NJ which will be a long commute to most jobs but going towards PA you can get cheap houses and taxes. Houses are cheaper, but the tax rates are higher. You pay more per assessed $ of home in Hunterdon County than anywhere in the USA. NJ's entire problem is taxes. High income t...
by humblecoder
Mon Nov 23, 2020 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house in NJ, how much to spend?
Replies: 50
Views: 2621

Re: Buying a house in NJ, how much to spend?

I am making the assumption that you are looking at buying in North/Central NJ since you mention NYC. I lived in that part of the country for many years until I eventually got fed up and moved to a lower cost of living area (more on that later :happy). Anyway, housing prices vary from town to town, b...
by humblecoder
Mon Nov 23, 2020 4:27 pm
Forum: Personal Investments
Topic: Need advice for building a 100% fossil-fuel stock free portfolio
Replies: 89
Views: 3021

Re: Need advice for building a 100% fossil-fuel stock free portfolio

OP the reason you are getting a bit of push back or flack is that trying to be a "responsible investor" in this manner is akin to a vegan still wearing fur coats. Examine whether you want to feel like you are making a difference or if you actually want to make a difference. Also buy buyin...
by humblecoder
Mon Nov 23, 2020 2:45 pm
Forum: Personal Investments
Topic: When to retire - early, mid, end of year
Replies: 40
Views: 2984

Re: When to retire - early, mid, end of year

Hello, I am considering retiring June 2021; i am 64 yrs old; wife will be 58 but she will continue to work 2 days a week; i might consult a bit, which i can do, if i find something interesting. We have no debt...and we are fortunate to be in good health and we have 'enough'. I have heard differing ...
by humblecoder
Mon Nov 23, 2020 2:28 pm
Forum: Personal Investments
Topic: Need advice for building a 100% fossil-fuel stock free portfolio
Replies: 89
Views: 3021

Re: Need advice for building a 100% fossil-fuel stock free portfolio

WIth all due respect to many of the people who have replied, the OP did not ask for opinions about whether not investing in fossil fuel stocks is a good idea. He/she asked HOW to do it. :oops: OP: IShares has a number of ETF's which excludes certain companies (https://www.ishares.com/us/strategies/...
by humblecoder
Mon Nov 23, 2020 12:51 pm
Forum: Investing - Theory, News & General
Topic: Tax Withholding on Roth conversions
Replies: 32
Views: 2041

Re: Tax Withholding on Roth conversions

As a tangential question, when you have taxes withheld for a Roth conversion, is that money considered to be converted or un-converted? As an example, let's say I want to convert $50K and but I want to withhold 20% of that ($10K) for taxes. There are two possible ways to structure this 1. Convert $5...
by humblecoder
Mon Nov 23, 2020 11:57 am
Forum: Personal Finance (Not Investing)
Topic: considerations for helping kids/parents with expenses
Replies: 11
Views: 745

Re: considerations for helping kids/parents with expenses

If the person receiving the gift is on SSI, the gift could negatively impact their eligibility for benefits.

This may not apply to the OP, but I am mentioning it in case it applies to anybody who might be reading this thread.
by humblecoder
Mon Nov 23, 2020 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Selling a house and switching of utilities
Replies: 12
Views: 757

Re: Selling a house and switching of utilities

Another data point for the OP. In my area, you call the utility company to say that you are moving. They will perform a final meter reading on the day that you specify and then bill you based upon that final reading. When the new people move in and establish service, the utility company will use tha...
by humblecoder
Mon Nov 23, 2020 9:45 am
Forum: Personal Investments
Topic: Need advice for building a 100% fossil-fuel stock free portfolio
Replies: 89
Views: 3021

Re: Need advice for building a 100% fossil-fuel stock free portfolio

WIth all due respect to many of the people who have replied, the OP did not ask for opinions about whether not investing in fossil fuel stocks is a good idea. He/she asked HOW to do it. :oops: OP: IShares has a number of ETF's which excludes certain companies (https://www.ishares.com/us/strategies/...
by humblecoder
Mon Nov 23, 2020 9:00 am
Forum: Personal Investments
Topic: Need advice for building a 100% fossil-fuel stock free portfolio
Replies: 89
Views: 3021

Re: Need advice for building a 100% fossil-fuel stock free portfolio

WIth all due respect to many of the people who have replied, the OP did not ask for opinions about whether not investing in fossil fuel stocks is a good idea. He/she asked HOW to do it. :oops: OP: IShares has a number of ETF's which excludes certain companies (https://www.ishares.com/us/strategies/s...
by humblecoder
Sat Nov 21, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Experience setting up a Solo 401k with Vanguard
Replies: 0
Views: 98

Experience setting up a Solo 401k with Vanguard

I wanted to post my experience (so far) in setting up a Solo 401k plan for my wife. As background, my wife has a sole proprietor business (veterinary relief work). Thanks to reading this forum, I learned about the solo 401k, and it made sense to set one up for her in order to boost our tax advantage...
by humblecoder
Fri Nov 20, 2020 10:32 am
Forum: Personal Consumer Issues
Topic: pre-1933 gold coins
Replies: 46
Views: 2759

Re: pre-1933 gold coins

I've used APMEX for the occasional purchase of collectible coins.
by humblecoder
Fri Nov 20, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: estate planning, why minors = hire attourney?
Replies: 15
Views: 882

Re: estate planning, why minors = hire attourney?

After my wife and I got married and we created our first wills, we used a lawyer. After we had children and needed to update our wills, we used a lawyer. When we needed to adjust our wills because my daughter had special needs, we used a lawyer. In retrospect, maybe we could have gone the DIY route ...
by humblecoder
Fri Nov 20, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Worse idea ever
Replies: 30
Views: 4554

Re: Worse idea ever

I know that this thread was likely started tongue-in-cheek but here is a link for those considering this idea
by humblecoder
Thu Nov 19, 2020 2:29 pm
Forum: Personal Investments
Topic: Tracking One Brokrage Account With a Few Buckets of Money
Replies: 12
Views: 738

Re: Tracking One Brokrage Account With a Few Buckets of Money

What I am getting at is it would be nice to have this under one brokerage account and have the magic of compounding interest work with a bigger pile of money, instead of having it broken out into different brokerage accounts with smaller amounts of money. But yet still be able to show how much we h...
by humblecoder
Wed Nov 18, 2020 1:28 pm
Forum: Personal Investments
Topic: Using Backdoor Roths for Emergency Fund
Replies: 16
Views: 721

Re: Using Backdoor Roths for Emergency Fund

The 5 year rule is not applicable to direct Roth IRA contributions, which is what the OP is doing. I don't see the need for bringing up the 5 year rule and potentially confusing the OP. In OP's original post, they say they will have to use the backdoor. Therefore, the other 5-year rule will be appl...
by humblecoder
Wed Nov 18, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Happily retired but seriously considering going back to work
Replies: 78
Views: 6407

Re: Happily retired but seriously considering going back to work

I mean they can ask for as many years of commitment as they want - but that does not dictate how long you're going to stay there. If you feel like leaving after 2 weeks, so be it. As far as 'burning bridges' - it doesn't matter. You're retired now and if the job stinks or you decide you don't want ...
by humblecoder
Wed Nov 18, 2020 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Happily retired but seriously considering going back to work
Replies: 78
Views: 6407

Re: Happily retired but seriously considering going back to work

I am not retired or financially independent, so take this for what it's worth. Others have echoed a lot of my sentiments, so I don't want to repeat what has already been stated. Consider that nostalgia is a real and powerful thing. We tend to remember the good and forget the bad when looking back at...
by humblecoder
Mon Nov 16, 2020 6:49 pm
Forum: Personal Investments
Topic: Investment question
Replies: 15
Views: 525

Re: Investment question

Would this be a smart move ... I would say "neither smart nor dumb". What you are asking is the equivalent of asking whether you should get vanilla ice cream or chocolate ice cream. Both are tasty, so it comes down to your own personal preference. As others have pointed out, you can inves...
by humblecoder
Mon Nov 16, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA and cash in bank account
Replies: 21
Views: 1353

Re: FAFSA and cash in bank account

If your daughter's income is below $50K, she MAY qualify for the Simplified Needs Test method of calculating EFC. If she qualifies for this, then assets are ignored completely.
by humblecoder
Thu Nov 12, 2020 5:57 pm
Forum: Personal Investments
Topic: Confused what to do with 401k
Replies: 11
Views: 1314

Re: Confused what to do with 401k

I was seeing you could cash out penalty free because of covid? Yes it says “plan fee” A CRD is only allowed, if you are a qualified individual. You, your spouse or dependent have been diagnosed with covid-19. You or your spouse have suffered adverse financial consequences from covid-19. I don't kno...
by humblecoder
Thu Nov 12, 2020 2:54 pm
Forum: Personal Investments
Topic: Tax Question
Replies: 24
Views: 1205

Re: Tax Question

Hi All, Some individuals were mentioning something called a "tax bomb" saying that even if you are in a lower tax bracket when you retire, you're going to pay a significant amount in taxes upon withdrawals. Furthermore, with the previous COVID relief package and a possible one coming up, ...
by humblecoder
Thu Nov 12, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: To escrow or not to escrow your taxes
Replies: 50
Views: 2458

Re: To escrow or not to escrow your taxes

Many states require lenders to pay interest on money held in escrow. Where I live (Maryland) the government sets a minimum interest rate for escrow accounts, based upon the 1 year US Treasury Rate at the start of the year. For 2020, the minimum rate is 1.56% which turned out to be a pretty darn good...
by humblecoder
Wed Nov 11, 2020 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: IHG Vacation Club (Possible Inheritance) - Seeking Clarity
Replies: 35
Views: 2571

Re: IHG Vacation Club (Possible Inheritance) - Seeking Clarity

I own points at another vacation club / timeshare (not IHG). There are two parts to the transaction. Part 1 is the upfront cost of buying the points. That's already in the rear view mirror so there is no point in commenting on that. Part 2 is the annual maintenance. This is usually set on a per poin...
by humblecoder
Wed Nov 11, 2020 1:44 pm
Forum: Investing - Theory, News & General
Topic: Why "Physical Gold or Silver only" and not GLD or SLV?
Replies: 52
Views: 3988

Re: Why "Physical Gold or Silver only" and not GLD or SLV?

That being said, I'd also disagree with the above poster that physical gold would be useless in an end of the world type scenario. I mean sure if the World suddenly goes Mad Max or Walking Dead then it'll probably be useless, but most of us wouldn't survive that anyway. But there are a lot of possi...
by humblecoder
Wed Nov 11, 2020 1:31 pm
Forum: Investing - Theory, News & General
Topic: Impact of Called Bonds on Bond Funds
Replies: 10
Views: 627

Re: Impact of Called Bonds on Bond Funds

This wiki page touches on this issue briefly. Not sure if it helps or not: https://www.bogleheads.org/wiki/SEC_Yield For mortgage-backed bonds such as GNMAs, the SEC yield does not reflect prepayment risk. If mortgage rates decline, homeowners will refinance their mortgages, causing the principal to...
by humblecoder
Tue Nov 10, 2020 2:56 pm
Forum: Investing - Theory, News & General
Topic: Why "Physical Gold or Silver only" and not GLD or SLV?
Replies: 52
Views: 3988

Re: Why "Physical Gold or Silver only" and not GLD or SLV?

The simple answer is that dealers of physical metals are going to tout physical metals because that's what they sell. I wouldn't expect a Ford dealer to tout a Dodge. My opinion: If you want to hold precious metals as diversification, inflation hedge, any investment reason where you are not worried...
by humblecoder
Tue Nov 10, 2020 1:44 pm
Forum: Investing - Theory, News & General
Topic: Why "Physical Gold or Silver only" and not GLD or SLV?
Replies: 52
Views: 3988

Re: Why "Physical Gold or Silver only" and not GLD or SLV?

That being said, I'd also disagree with the above poster that physical gold would be useless in an end of the world type scenario. I mean sure if the World suddenly goes Mad Max or Walking Dead then it'll probably be useless, but most of us wouldn't survive that anyway. But there are a lot of possi...
by humblecoder
Tue Nov 10, 2020 1:07 pm
Forum: Investing - Theory, News & General
Topic: Why "Physical Gold or Silver only" and not GLD or SLV?
Replies: 52
Views: 3988

Re: Why "Physical Gold or Silver only" and not GLD or SLV?

The simple answer is that dealers of physical metals are going to tout physical metals because that's what they sell. I wouldn't expect a Ford dealer to tout a Dodge. My opinion: If you want to hold precious metals as diversification, inflation hedge, any investment reason where you are not worried ...
by humblecoder
Tue Nov 10, 2020 12:51 pm
Forum: Investing - Theory, News & General
Topic: After Tax Asset Allocation
Replies: 3
Views: 311

After Tax Asset Allocation

I have read and digested the wiki page about "Tax Efficient Placement" (https://www.bogleheads.org/wiki/Tax-efficient_fund_placement) and it generally makes sense to me. However, I did not see any discussion of how the asset allocation is impacted by the tax treatment of where you are plac...
by humblecoder
Mon Nov 09, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Two $15,000 gifts to son
Replies: 60
Views: 4954

Re: Two $15,000 gifts to son

Everything is a matter of degree. The choice of using a tax deferred account, e.g. IRA, to avoid taxes during some period of time is one extreme, managing assets to qualify for Medicaid is other. Gifting assets to avoid taxes is somewhere in the middle. The bottom line is to work within the legal f...
by humblecoder
Fri Nov 06, 2020 12:36 pm
Forum: Personal Investments
Topic: Tax Efficient Vanguard Options?
Replies: 9
Views: 879

Re: Tax Efficient Vanguard Options?

Hi all, I am 28 and currently maxing out all of my tax efficient accounts (401k, IRA, HSA) and am wondering what the most tax efficient investment options there are to use in my taxable brokerage account with any surplus funds. I typically throw essentially everything into VOO (I'm fine being 100% ...
by humblecoder
Fri Nov 06, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: severance negotiation
Replies: 83
Views: 4435

Re: severance negotiation

I've read this thread and honestly I am still trying to piece together the facts. Here's what I was able to glean. It sounds like the OP didn't officially resign or give notice. It sounds like the OP just told HR (and I assume either directly or indirectly his management team) that he plans on resig...
by humblecoder
Thu Nov 05, 2020 1:23 pm
Forum: Personal Investments
Topic: A question about my pension statement...
Replies: 14
Views: 1245

Re: A question about my pension statement...

I have a pension through my employer. About 3 years ago in contract negotiations they decided not to keep using the pension and so "froze " it. It is still in place but they are not funding it anymore. I have 17 years in it at time of freezing. I recently asked for statements based on thr...
by humblecoder
Wed Nov 04, 2020 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP during pregnancy?
Replies: 29
Views: 1882

Re: HDHP during pregnancy?

Just for clarity, the HSA plan as 20% coinsurance and the PPO has zero correct? This would mean to me that if the birth was low complication and low cost it would lean towards PPO and if it was high cost it would lean towards HSA. As others pointed out it would be useful to know you last birth cost...
by humblecoder
Fri Oct 30, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Computer Science Degree or Self Learn?
Replies: 72
Views: 4488

Re: Computer Science Degree or Self Learn?

As you can see from my user name, software development/engineering is my jam. I have been in the field for over 25 years and have been programming since the days of the TRS-80 and am currently a Director of Software Development at a major corporation (one whose name you would know if I said it). I h...
by humblecoder
Tue Oct 27, 2020 5:33 pm
Forum: Personal Investments
Topic: Do you count e-fund as part of your fixed allocation?
Replies: 33
Views: 1638

Re: Do you count e-fund as part of your fixed allocation?

I know that this is a subject of intense debate every time somebody asks this question (and, yes, if you search, you will see that this is a topic that has been beaten to death, resurrected as a zombie, beaten to death again, buried, unburied, burned to ashes, ashes scattered, ashes swept up again w...
by humblecoder
Mon Oct 26, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of ABLE housing distributions on SSI
Replies: 6
Views: 375

Re: Impact of ABLE housing distributions on SSI

Thanks for taking the time to reply. My daughter isn't 18 yet so I still have time to prepare for this. It sounds like you have some experience in this area, so I had some questions. You can pay rent and utilities out of her ABLE, but not food (without reducing her SSI payment.) The amount withdrawn...
by humblecoder
Mon Oct 26, 2020 1:00 pm
Forum: Personal Investments
Topic: 31, NYC, Need Advice
Replies: 62
Views: 5529

Re: 31, NYC, Need Advice

Goals - Aggressively pay off the debt over the coming months (I was reduced from $150,000/yr to $55k before getting bumped back to my current $120k - I don't know when I will be at full salary so $120k is where I'm at now) - Reduce leisure spending on food and beverage as it is my main cost - Save ...
by humblecoder
Mon Oct 26, 2020 11:51 am
Forum: Personal Investments
Topic: TIPS for Tax Money?
Replies: 9
Views: 701

Re: TIPS for Tax Money?

I'm 36 and not a believer in bonds at this point, for several reasons. My personal portfolio is 100% US ETFs. However I do make an exception with one account. I don't treat stimulus money or tax return money like it's mine, because I know the government will want it back some day. Therefore, I keep...
by humblecoder
Sun Oct 25, 2020 6:41 pm
Forum: Personal Investments
Topic: Physician with special needs child seeking money management advice
Replies: 6
Views: 1467

Re: Physician with special needs child seeking money management advice

My questions are; 1) How can improve my investments? 2) How can I find a good tax accountant for a tax needs like mine? 3) Should I sell the SFR's? But then where should I put the money instead? 4) I live in California and my REI are out of state and an LLC would be very expensive so I haven't gott...
by humblecoder
Wed Oct 21, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bank with no debit/ATM card?
Replies: 47
Views: 2096

Re: Bank with no debit/ATM card?

Does anyone have a bank account with no debit or ATM card? If so, how do you deal with cash? Just stop by the branch once a month? I am almost 100% cashless, but sometimes I need to pull out $20-40 for places that don't take a card. I recently had a lost wallet scare and it was a pain to cancel the...
by humblecoder
Mon Oct 19, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take Mortgage with Higher Rate?
Replies: 11
Views: 1206

Re: Should I take Mortgage with Higher Rate?

Why not save the $4500 and kill the mortgage asap instead of keeping it for the year? If the transactions go off without a hitch, you'd save $4500 while incurring minimal additional interest costs. Sure, though are deductible, but that savings is only a fraction of the added cost. Or am I missing s...
by humblecoder
Mon Oct 19, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash back rewards Card
Replies: 13
Views: 1755

Re: Best cash back rewards Card

I know others have gotten multiple BoA Cash Rewards cards to be able to have a card for different categories or to extend the quarterly limit on getting the bonus, but I am not that advanced :-) It's not that advanced. The "internet card" lives in a desk drawer or somewhere secure (since ...
by humblecoder
Mon Oct 19, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash back rewards Card
Replies: 13
Views: 1755

Re: Best cash back rewards Card

My current credit card strategy: Chase Freedom, Discover -> 5% cash back on rotating quarterly categories BoA Cash Rewards w/ Platinum Honors -> 5.25% cash back on one category (online purchases gives me the most bang for the buck but I will switch it if I have a large purchase in another category c...
by humblecoder
Mon Oct 19, 2020 1:02 pm
Forum: Personal Investments
Topic: Linus 4.5% — what is this?
Replies: 15
Views: 1900

Re: Linus 4.5% — what is this?

A famous Warren Buffet quote is "Never invest in a business you cannot understand". I went to the web site and read the "How it works" page: https://help.getlinus.io/en/articles/3670211-how-does-linus-work After reading it, I still have no clue how it works. I suppose you could ...
by humblecoder
Sun Oct 18, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: 2nd house, for Univ. kids/students
Replies: 85
Views: 6484

Re: 2nd house, for Univ. kids/students

I am NOT using this process a way to make money. I am fine if I am even or slightly lower. The money involved is <5% NW. If your motivation is not financial, then what's the point of this exercise? Just looking for another hobby? Just pay the $8K/year dorm fee or pay $400/month for an off campus re...