Search found 283 matches

by Yuba
Tue Nov 19, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: Udacity effectiveness - redirection appreciated
Replies: 3
Views: 576

Re: Udacity effectiveness - redirection appreciated

I have done Udactiy and LinkedIn Learning (formerly Lynda.com before being bought). I would say if you can learn on your own then LinkedIn Learning has much broader library of learning than Udacity and costs far less. The ONLY thing I think you get from Udacity is the "Certificate" after having some...
by Yuba
Thu Nov 08, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8750

Re: 1/3 of Baby Boomers have no retirement savings...

I'm not following the logic of the chart.. why do the higher incomes need higher multiple of income saved? Are they discounting for the SS bend points offsetting more expenses for the lower income cohort? or something else? One issue you noted was replacement rate of SS income. (higher for lower in...
by Yuba
Wed Oct 31, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 6048

Re: Tax refunds expected to be 26% more in 2019

shorty313 wrote:
Tue Oct 30, 2018 7:56 pm
We are the opposite...didn’t calculate it until Sept and now having an additional $900 held a month to catch up. Oops.
I was in this situation also. I got topped off at the 10k SALT limit and did my calculator in Sept and had to adjust the withholding to take $400 more out per month.

Yuba
by Yuba
Thu Oct 04, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating 2018 Tax Liability
Replies: 28
Views: 3605

Re: Calculating 2018 Tax Liability

I recently have been using this one:

https://www.olt.com/main/home/taxestimator.asp

that I found to be very useful.

Rick dba Yuba
by Yuba
Thu Jun 28, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: 401K company match may have been too low. Seeking interpretations
Replies: 17
Views: 1533

Re: 401K company match may have been too low. Seeking interpretations

Was there other benefit changes for the same hire date? For example, is there a pension plan? is it different if you were hired before Jan 1, 2013? Is there retirement health care than changes if hired before Jan 1, 2013? I think it is much more likely that this change in the matching of the 401k wa...
by Yuba
Thu May 17, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 600
Views: 50850

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

My portfolio is 45/45/10 (tax-deferred/Taxable/Roth). So, why won't my tax rate at retirement would not be lowered? 1) I could spend my Roth IRA contribution and HSA tax-free. Aka, 0% taxable income 2) Meanwhile, I could Roth convert my tax-deferred account. 3) And, do tax gain harvesting or tax lo...
by Yuba
Thu May 17, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: Unique Phone Apps that you find yourself using most often?
Replies: 46
Views: 13252

Re: Unique Phone Apps that you find yourself using most often?

An interesting thought. I use my phone for financial sites all the time, but I am careful to only use WiFi at home. When I am not home, I will only connect through the carrier, AT&T. If I lose money from someone in the AT&T network stealing my password, they have deep enough pockets to cover the lo...
by Yuba
Wed May 16, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Better to be in debt to yourself or others?
Replies: 25
Views: 2065

Re: Better to be in debt to yourself or others?

I would just stop contributing to the 401k until the debts are paid off. Thought about that, but with the new tax laws will lose a bunch of deductions and get killed on taxes for 2018. Have enough itemized deductions that won't take the standard. With the $10k cap on state and property tax and losi...
by Yuba
Sun Apr 15, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Anyone with experience with Carmax?
Replies: 74
Views: 25191

Re: Anyone with experience with Carmax?

I had a positive sales experience with Carmax. My situation was a little different in that I was selling a car that was titled out of state. They handled everything on the same visit and I had my check within 2 hours from start to finish (they did apologize as it was a Sunday and they had a large nu...
by Yuba
Fri Feb 06, 2015 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Fraud? [TurboTax Turns Off All State E-Filing]
Replies: 67
Views: 8979

Re: TurboTax turns off all state efiling to prevent fraud

I am unaware of any requirement to supply any kind of "Pin/AGI" to efile. Perhaps unknown to me, my e-filer has that data and uses it, but I seriously doubt that. Think about all the people filing for the first time, or changing preparers who don't have access to last years return data/copies. In 2...
by Yuba
Fri Feb 06, 2015 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Filed your 2014 Federal Taxes yet?
Replies: 60
Views: 6193

Re: Filed your 2014 Federal Taxes yet?

Filed today. Adjusted my 2015 withholding some more to reduce the refund.

Yuba
by Yuba
Tue Jun 05, 2012 11:55 am
Forum: Investing - Theory, News & General
Topic: The $100 Billion Oxymoron - William Bernstein
Replies: 27
Views: 4306

Re: The $100 Billion Oxymoron - William Bernstein

Likewise Tony Soprano would have been a Catholic in name only. A NY mobster who orders hits is not exactly living according to his Catholic faith. Well, I did post an opinion from Crisis holding up the Sopranos as a model of Catholic faith. So long as Tony performed a sincere act of contrition afte...
by Yuba
Fri Mar 02, 2012 1:56 pm
Forum: Personal Investments
Topic: stats help/personal finance data
Replies: 9
Views: 815

Re: stats help/personal finance data

From a little chart given to me I see the following tests.

Discrete - More than 2 samples -> Chi-Square
Continous - Normal Random Data, More than 2 samples -> ANOVA
Continous - Non-Normal Data, More than 2 samples -> Kuskal Wallis if no Outliers, or Moods Median if data has outlier

Rick dba Yuba
by Yuba
Fri Feb 17, 2012 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Decision-
Replies: 10
Views: 2318

Re: Retirement Decision-

Colorado13 wrote:Be sure your friend reads the plan documents very closely because in some cases taking the lump sum results in forfeiture of access to employer sponsored group medical coverage.
I had no idea that was a possibility. Will have to check my companies documents. Thanks for the heads up.

Rick dba Yuba
by Yuba
Fri Feb 17, 2012 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Decision-
Replies: 10
Views: 2318

Re: Retirement Decision-

In my case it was an easy choice since the monthly payments were pretty good when compared to the lump sum and having them guaranteed took a load off my mind. The company's pension was based on a 7+% growth rate on the lump sum with a pay-down to my actuarial lifetime. I shopped around a bit for an...
by Yuba
Mon Feb 13, 2012 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Would it be better to refinance our mortgage, or...
Replies: 18
Views: 1803

Re: Would it be better to refinance our mortgage, or...

Looks like if you are going to keep the loan more than 15 months, you would be better off refinancing.

Rick dba Yuba
by Yuba
Fri Jan 27, 2012 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: State Use Tax
Replies: 67
Views: 6376

Re: State Use Tax

The business example I gave was to show that in the past the IRS paid attention to a very low level of business receipts. However, the same rules apply to individuals-- tax law is tax law, period. If you take a deduction you must substantiate it. If your state law says you must pay use tax on all i...
by Yuba
Tue Jan 10, 2012 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block At Home 2011 on sale at Amazon 1/7/2012
Replies: 2
Views: 692

Re: H&R Block At Home 2011 on sale at Amazon 1/7/2012

I've used H&R Block "TaxCut" for years and the name change seems like a dumb move. As a "valued customer" they sent me a free copy of this Deluxe + State version in the mail a few days ago. Not sure how giving it away free will pay off for them. Last year I bought the same thing for around $40. JW ...
by Yuba
Mon Nov 14, 2011 1:31 pm
Forum: Personal Consumer Issues
Topic: Grandson of BCS
Replies: 487
Views: 41380

Re: Grandson of BCS

The ranks of the unbeaten were thinned out some more and the only unbeatens now remaining are LSU. Oklahoma State and Houston. The Boise loss may mean Houston has a shot at an automatic BCS bowl bid. It will depend on whether Boise (currently #5) drops below #11 Houston in the rankings since there ...
by Yuba
Mon Nov 07, 2011 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Just found out that I'm going to be a Father. Now What?
Replies: 46
Views: 4959

Re: Just found out that I'm going to be a Father. Now What?

Crap, I literally just did my Open Enrollment this morning! I put money into my HSA thinking that would cover some of the baby stuff, but not into the flex. I'll need to see if I can call HR office and get it adjusted.... I wouldn't worry too much about this. Birth of a child is a qualifying event ...
by Yuba
Thu Oct 13, 2011 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Best way to shorten the life of a mortgage
Replies: 35
Views: 4311

How many years are left on your mortgage. The quickest way to drop years and interest is to refinance to a 15yr fixed rate. Then make additional payments monthly as available.

Rick dba Yuba
by Yuba
Fri Sep 23, 2011 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Best/Fastest method of gifting $100K
Replies: 28
Views: 3069

Quickest way is to gift you the 100k and have it removed from their lifetime 1M limit. Other ways require more people involved. Is the person giving the gift married? Are you married? If so, then that person can give you and your significant other 13k each, and their spouse can do the same for a tot...
by Yuba
Mon Sep 12, 2011 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Die Broke
Replies: 21
Views: 4056

In reply to the "don't leave anything to others", I thought the book specifically noted to create the annuity based on what you need, then give away the rest while you were still alive, instead of waiting until you died. Unless I'm thinking of a different book.

Rick dba Yuba
by Yuba
Mon Aug 01, 2011 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: dental scams you've known and loved
Replies: 73
Views: 24428

I earlier claimed that AETNA's $10/month price for dental coverage is (IMO) ridiculously low. Here is my justification for this characterization: (1) AETNA's competitors in the medical insurance field usually charge around $25/month for dental coverage; (2) My previous dentist - the one who doesn't...
by Yuba
Fri Jul 29, 2011 2:14 pm
Forum: Personal Consumer Issues
Topic: voluntary [race] self-identification at work
Replies: 6
Views: 2932

If your company is any sort of Mega-corp type. If you do not self-identify, then you are regarded as non-minority (with gender coming from other sources). So it depends on what outcome you are trying to achieve. If you are a white male, it won't matter either way.

Rick dba Yuba
by Yuba
Thu Jul 28, 2011 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: dental scams you've known and loved
Replies: 73
Views: 24428

My favorite before switching dentists was the hygenist "discovered" a cavity under the top layer of my tooth by using some new fangled sonar type thing. So they needed to drill a hole to expose the cavity so they could fill it.

Sorry, not playing that game.

Rick dba Yuba
by Yuba
Tue Jul 19, 2011 9:10 am
Forum: Investing - Theory, News & General
Topic: No more paper savings bonds
Replies: 207
Views: 36558

Since they were stolen, fraudently redeemed paper bonds will be replaced. Use Form PD F 1048 E to get your money back or to have your Savings Bonds reissued. But they weren't stolen Mel - you had them in your possession the entire time. As far as the Treasury knows in my scenario, you reported them...
by Yuba
Wed Jul 13, 2011 1:08 pm
Forum: Investing - Theory, News & General
Topic: The first $500,000 is always the hardest
Replies: 260
Views: 47633

So when you track the amount of time to reach 500k, 1M, 1.5M and 2M, is it the date when your FIRST reached that amount? Or is it the date that you stayed over it for the last time until you reached the next target? So of course the first 500k is the easiest, because (especially recently) you could ...
by Yuba
Wed Jun 22, 2011 1:33 pm
Forum: Investing - Theory, News & General
Topic: What causes inflation?
Replies: 53
Views: 4410

richard wrote:Another question is why people view inflation as a problem. If your pay goes up 5% and the stuff you buy goes up 5%, how are you worse off?
Because the gov't takes 1/3 of your 5% raise, and you still have to pay the 5% increase in the stuff you buy.

Rick dba Yuba
by Yuba
Tue Jun 21, 2011 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo is refinancing my mortgage... for FREE!
Replies: 57
Views: 13459

WF is still making money if they sell the loan to Fannie/Freddie even if they still retain it for servicing. Since it is an above market rate, they get a nice kickback that does not show up as a cost to you. However I agree its a free lunch for you ..who cares if WF makes $.. take it. This is the c...
by Yuba
Thu May 19, 2011 12:17 pm
Forum: Personal Investments
Topic: My Waddell & Reed Nightmare
Replies: 31
Views: 10994

When he tells you to contact his lawyer, is it "his" lawyer, or the companies? If you have conversations, or email / mail chains with the lawyer that could presumably cause the FA to get billed for "defending" him.

Just a thought.

Rick dba Yuba
by Yuba
Tue May 10, 2011 2:54 pm
Forum: Personal Consumer Issues
Topic: pulling a trailer
Replies: 27
Views: 3788

that small of a load should be doable with your vehicle. Do you currently have a hitch? If not, the easiest might be a bumper hitch (if you have a bumper) for small loads. The trailer will determine the size of the ball needed on the bumper. Then just practice in a big parking lot to back up etc, an...
by Yuba
Wed May 04, 2011 1:44 pm
Forum: Personal Consumer Issues
Topic: Cheeseburgers Vs. Hamburgers
Replies: 77
Views: 8711

At a local Greek restaurant, there is a flaming Opa burger, where the meat and cheese are on one plate, the rest is in another, and they light the cheese on fire prior to serving it to you, yelling "Opa". (they add a little alcohol to start the fire).

Rick dba Yuba
by Yuba
Wed Apr 27, 2011 11:39 am
Forum: Personal Investments
Topic: Converting Taxable Money to Tax-Deferred
Replies: 12
Views: 1669

That should work. Another alternative is to move the taxable to Roth first and the rest to the 401k. Looking at tax brackets, see where the breaks are based on your salary (minus the new deductions for the 401k) and other deductions you might have (vs. the standard). You might hit some breakpoints t...
by Yuba
Thu Apr 07, 2011 12:32 pm
Forum: Personal Investments
Topic: After tax defined contrib plan contribs reported to IRS?
Replies: 5
Views: 765

Is the combined contribution of your 401(a) and 401(k) plans more than $49,000 in 2010, or planning on contributing more than that in 2011?
by Yuba
Tue Mar 29, 2011 12:03 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Why Your Nest Egg May Not Last
Replies: 80
Views: 15154

The question is wrong. Everyone is asking the wrong question.... The right question is: How much money do my stock holdings produce each year? :!: :!: :!: Wow, that is a really interesting and fresh (to me anyway) point of view. Is this your own idea? Just to be clear: you are literally proposing t...
by Yuba
Mon Mar 28, 2011 2:05 pm
Forum: Personal Consumer Issues
Topic: complaint - why are we regulated to 6 online transfers/month
Replies: 28
Views: 3986

I believe the bank does not *have* to enforce this. My Credit Union has no such restrictions on pre-authorizations from my savings account. There is even a section when I view the savings balance that says "Reg D Limit: none"

Rick dba Yuba
by Yuba
Sat Mar 26, 2011 8:39 am
Forum: Investing - Theory, News & General
Topic: Peak Oil: The case for investing in energy commodities?
Replies: 58
Views: 4808

AndroAsc, you are right on track. I grew up just east of the Permian basin and have been bullish on oil since well back in the last century. All I trade in now(and forever) will be energy. Because the last time I checked, they weren't making any more oil. Stick to your game plan and don't waste you...
by Yuba
Wed Mar 23, 2011 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a house price
Replies: 38
Views: 4895

We ended up using escalation clause to outbid the highest offer (still well under our estimation of value and other homes in the area) ... only by $100 but our no-finance-contingency cash deal made it was easy for the bank to go with us. Can you explain the escalation clause, how it is worded, and ...
by Yuba
Mon Mar 21, 2011 1:19 pm
Forum: Personal Consumer Issues
Topic: AT&T to Buy T-Mobile
Replies: 27
Views: 3597

frugalhen wrote:is there any reason to think my lousy iphone/att coverage will improve from this merger?
That would most likely be a yes as the combined assets improve coverage, spectrum and density. Existing users of both companies should gain the most.

Rick dba Yuba
by Yuba
Fri Mar 18, 2011 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Problem
Replies: 31
Views: 4171

I think your best bet would be to write the offer contigent on selling your home. To make it stronger, contigent on selling within <x> days. Your agent cannot refuse this request. The seller can. However, the likely outcome is that they accept your offer and keep the house on the market looking for ...
by Yuba
Thu Mar 17, 2011 8:54 am
Forum: Investing - Theory, News & General
Topic: The Future of Retirement Planning
Replies: 30
Views: 6123

I think the ability to dollar-cost into an annuity over the course of a career will be a benefit. Locking in "units" over various interest rate environments. However, the devil is in the details, and most of the current details include high-cost options, which destroy the benefit of the plan over tr...
by Yuba
Wed Mar 16, 2011 9:24 am
Forum: Personal Consumer Issues
Topic: AT&T Implements Data Cap for DSL and Uverse
Replies: 15
Views: 3565

And the fact that AT&T states their own video service will not count against the cap while competing services will count is troubling to me. Seems anti-competitive and innovation stifling. That's because you are already paying for their video service separately. So it would be irrational to double-...
by Yuba
Tue Mar 15, 2011 12:03 pm
Forum: Investing - Theory, News & General
Topic: Reset the basis in your UGMAs before 2013
Replies: 15
Views: 2493

Is there a way to reset the gain with selling the fund and buying a different fund? Can you rebuy the same fund? Can you just tell Vanguard to do a virtual transaction?

Rick dba Yuba
by Yuba
Sat Mar 12, 2011 12:50 pm
Forum: Investing - Theory, News & General
Topic: Shiller P/E above 24
Replies: 190
Views: 27114

Not to be naive, but this tracking of PE10 is only for S&P500 correct? Would it be possible (feasible) to have multiple tracking of PE10? One for Large Caps, one for Mid Caps, one for Small Caps, one for International? If so then you could you "choose" amongst the best values at the time? Rick dba Y...
by Yuba
Tue Mar 01, 2011 3:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard study looks at ways to spend retirement savings
Replies: 8
Views: 2541

Thanks for the link.

Rick dba Yuba
by Yuba
Sun Feb 27, 2011 9:15 am
Forum: Investing - Theory, News & General
Topic: Should we recognize a Compounding Phase for midlife slump?
Replies: 9
Views: 1318

Interesting concept. I agree there are changes in mid-life that stress the normal accumulation amounts. However, I think it cannot be generalized to the "average" person to be called a new phase. The active thread talking about not being able to max accounts when one spouse stops working to care for...
by Yuba
Mon Feb 21, 2011 3:07 pm
Forum: Personal Investments
Topic: Advice on how much I should be saving
Replies: 12
Views: 2064

Re: Advice on how much I should be saving

Then with my 401k, my employer matches my first 2.25% around $10 per $1 I invest. So basically around 12.25% of my salary is going into my 401k even though I'm only putting in 2.25%. Your numbers don't add up. If the employee match is $10 per $1 invested up to 2.25%, then if you invest 2%, the matc...
by Yuba
Mon Feb 14, 2011 10:09 pm
Forum: Investing - Theory, News & General
Topic: Siegel & Bodie duke it out in Financial Times
Replies: 36
Views: 6084

If I want to buy a put option for the S&P 500 for 2 years and 20 years based on today's price. Currently the cost of the 2 year option is cheaper than the 20 year option. Some of that difference is due to the fact that I have the ability to exercise the option at any time between year 2 and 1 day a...
by Yuba
Mon Feb 14, 2011 3:28 pm
Forum: Investing - Theory, News & General
Topic: Siegel & Bodie duke it out in Financial Times
Replies: 36
Views: 6084

If I want to buy a put option for the S&P 500 for 2 years and 20 years based on today's price. Currently the cost of the 2 year option is cheaper than the 20 year option. Some of that difference is due to the fact that I have the ability to exercise the option at any time between year 2 and 1 day an...