Search found 5970 matches

by protagonist
Thu Nov 14, 2019 10:45 pm
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 82
Views: 12232

Re: Boglehead obsession with money- devil's advocate

Could be that the worriers are the minority who post about their worries. Maybe the rest are just finance junkies. I agree. We don't worry about money and never have, and that is not because we are fabulously rich while supporting a miserly lifestyle. It is because we have and do use common sense t...
by protagonist
Thu Nov 14, 2019 10:45 am
Forum: Personal Investments
Topic: How much to convert from Trad-IRA to Roth
Replies: 29
Views: 1539

Re: How much to convert from Trad-IRA to Roth

And the OP had about $7K headroom in the 12% bracket in 2018. And past the SS hump, so marginal rate is 12%. Yes. And when I replace (in the calculator) the $9044 in SS with a full year's worth ( $14,304), the 2019 headroom - if all income numbers stayed exactly the same from 2018 - is somewhere be...
by protagonist
Thu Nov 14, 2019 10:31 am
Forum: Personal Investments
Topic: How much to convert from Trad-IRA to Roth
Replies: 29
Views: 1539

Re: How much to convert from Trad-IRA to Roth

Yes, Form SSA-1099. It states: Paid by check or direct deposit: $8240. (correct) Medicare Part B premiums deducted from your benefits: $804. Total additions: $9044. Benefits for 2018: $9044. You asked above why line 5a was $9044 rather than the $8240 that you actually received. It is because $8240 ...
by protagonist
Thu Nov 14, 2019 9:34 am
Forum: Personal Investments
Topic: How much to convert from Trad-IRA to Roth
Replies: 29
Views: 1539

Re: How much to convert from Trad-IRA to Roth

Can you elaborate on what "tax report" from SSA you are referring to? The SSA-1099? Something else? (checking...) Yes, Form SSA-1099. It states: Paid by check or direct deposit: $8240. (correct) Medicare Part B premiums deducted from your benefits: $804. Total additions: $9044. Benefits for 2018: $...
by protagonist
Thu Nov 14, 2019 9:21 am
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 82
Views: 12232

Re: Retired Boglehead obsession with money- devil's advocate

So, this has been my favorite Pink Floyd song for the last 15 years. Meant little to me when I listened to it in my teens. I've been amazed over the last 10 years that 29 year old Roger Watters had the foresight to feel this: "So you run and you run to catch up with the sun but it's sinking Racing ...
by protagonist
Thu Nov 14, 2019 9:04 am
Forum: Personal Investments
Topic: How much to convert from Trad-IRA to Roth
Replies: 29
Views: 1539

Re: How much to convert from Trad-IRA to Roth

rkhusky wrote:
Thu Nov 14, 2019 8:47 am
protagonist wrote:
Thu Nov 14, 2019 12:14 am
I just realized that my capital gains will be a bit higher this year because I sold $20K of stock in 2019 that had appreciated approx. 100% over cost basis.
Your carryover capital losses will cancel this gain of approximately $10K.
Yes, true.
by protagonist
Thu Nov 14, 2019 9:03 am
Forum: Personal Investments
Topic: How much to convert from Trad-IRA to Roth
Replies: 29
Views: 1539

Re: How much to convert from Trad-IRA to Roth

I am a MA resident and am using the following 2, extremely simple and fast online tools (recommended by Bogleheads - thank you very much!) to estimate my taxes for 2019 to determine if a ROTH conversion this year makes sense, and if so, how much to convert. I also downloaded Turbo Tax and my 2018 t...
by protagonist
Thu Nov 14, 2019 9:01 am
Forum: Personal Investments
Topic: How much to convert from Trad-IRA to Roth
Replies: 29
Views: 1539

Re: How much to convert from Trad-IRA to Roth

Soc. Sec. Benefits (line 5a): $9044. (actual benefits are $1192/month minus Medicare). Taxable (line 5b): 0 This line looks odd to me. Anyone else? I don't want to divert this thread too far off the original question and into the weeds of SS taxation, but, on the other hand, it is the details of SS...
by protagonist
Thu Nov 14, 2019 12:14 am
Forum: Personal Investments
Topic: How much to convert from Trad-IRA to Roth
Replies: 29
Views: 1539

Re: How much to convert from Trad-IRA to Roth

First, I want to thank all of you for the thoughtful and detailed information you provided above. It was much more than I expected. According to my 2018 return: Qualified dividends (line 3a): $21,220. Ordinary dividends (line 3b): $27,958. Taxable interest (line 2b): $12512. Soc. Sec. Benefits (line...
by protagonist
Wed Nov 13, 2019 12:24 pm
Forum: Personal Investments
Topic: How much to convert from Trad-IRA to Roth
Replies: 29
Views: 1539

How much to convert from Trad-IRA to Roth

Age 67. I am retired, single, not itemizing. I am receiving spousal benefits from SS but they were not taxable last year. My standard deduction last year was $13,600. I also have over $100K in long term carryover losses from prior years. Other than the spousal benefits, my sole income is interest an...
by protagonist
Wed Nov 13, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 82
Views: 12232

Re: Retired Boglehead obsession with money- devil's advocate

By this logic, in my mid-thirties I could stop saving in my 401k, because assuming 3-4% real growth on the existing balance, I would have well over $1m in today's dollars when I turn 70. Nope. Because you are assuming 3-4% real growth on the existing balance. You can't assume anything over the cour...
by protagonist
Wed Nov 13, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 82
Views: 12232

Re: Retired Boglehead obsession with money- devil's advocate

Stagflation that reduces the real value of the portfolio by 50% or worse. Which is why, if I was that hypothetical 70 y o with $1M in assets and $30K/yr income, I would put at least half of it in CDs with generous EWPs, I-bonds etc. that should pretty much keep up with inflation, and would never bu...
by protagonist
Wed Nov 13, 2019 11:13 am
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 82
Views: 12232

Re: Retired Boglehead obsession with money- devil's advocate

No, but the cold, hard reality of it now is that elders with financial resources can easily burn through $250k+ in nursing home fees in the last two years of their lives in a nursing home, so unless your parents have a lot more than that, you should adjust your inheritance expectations to account f...
by protagonist
Wed Nov 13, 2019 11:04 am
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 82
Views: 12232

Re: Retired Boglehead obsession with money- devil's advocate

This thread needs some music. The only question is whether you listen to Pink Floyd's Time first or Money first. Not a bad album with the eclipse happening soonish. Pink Floyd – Time Ticking away the moments that make up a dull day Fritter and waste the hours in an offhand way. Kicking around on a ...
by protagonist
Wed Nov 13, 2019 10:41 am
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 82
Views: 12232

Re: Retired Boglehead obsession with money- devil's advocate

I'm lucky to have a spouse who is more oriented to spending today since I'm more geared toward saving for tomorrow. The yin and yang keeps us a nice equilibrium, and like you said the odds that we'll ever completely fail financially are incredibly low. Interesting thought! For a compulsive saver, a...
by protagonist
Wed Nov 13, 2019 10:28 am
Forum: Personal Consumer Issues
Topic: Switch Citi Thank You Preferred for Prestige + card?
Replies: 4
Views: 438

Re: Switch Citi Thank You Preferred for Prestige + card?

I get bombarded by emails from Citi to switch to Thank You Rewards from Citi Double Cash. I prefer cold hard cash. I get an extra 0.5% on my CC because I opened a checking with CITI with a minimum balance. I will also get a cash bonus after 2 months. That's an idea if they cash out my remaining 100...
by protagonist
Mon Nov 11, 2019 11:16 pm
Forum: Personal Consumer Issues
Topic: Fruit Fly Problem
Replies: 24
Views: 2362

Re: Fruit Fly Problem

If they are fruit flies, take a cup, fill it 2/3 way with cider vinegar, and add a few drops of dish soap.
They will be attracted to the cider vinegar and the dish soap will create surface tension which will pull them down.
It works really well for me.
by protagonist
Mon Nov 11, 2019 10:35 pm
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 28696

Re: Man’s life savings stolen from hijacked cellphone number

https://www.nbcbayarea.com/news/local/Mans-1M-Life-Savings-Stolen-In-Cell-Phone-Scam-509097961.html Really scary stuff, the scammers used an AT&T call center workers to pull off a theft of over a million in life savings. Happened in minutes. Apparently the SIM card transfer is very common. The reas...
by protagonist
Mon Nov 11, 2019 10:06 pm
Forum: Personal Consumer Issues
Topic: Bucket List Adventures/Activities
Replies: 121
Views: 13785

Re: Bucket List Adventures/Activities

When it came to traveling, I pretty much filled my entire bucket from my bucket list before I turned 38 and became a father (and thus became a little more serious). Now when I travel I am more focused on purpose than on destination. I suppose my bucket list consists of all the jazz standards that I ...
by protagonist
Mon Nov 11, 2019 9:53 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversion Calculation
Replies: 17
Views: 1357

Re: Roth Conversion Calculation

deleted post
by protagonist
Sun Nov 10, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: Kindle/Paperwhite -E Reader
Replies: 20
Views: 1467

Re: Kindle/Paperwhite -E Reader

My mom says she'd like to try using one of these and I'd like to buy it for her. Past experience has shown she often tries electronic devices, then quickly tires of them lol. Therefore, is there a market for used Kindle Paperwhites? where would be a good, reliable place to seek a used one I could g...
by protagonist
Sun Nov 10, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Wait for Social Security - breakeven returns
Replies: 106
Views: 9510

Re: Wait for Social Security - breakeven returns

"Breakeven returns" should be irrelevant. Reposting a previous post of mine re: A similar question.... A huge mistake I humbly believe that many people make on this site is equating "maximum wealth" with "happiness" and "better life"...the latter is much more correlated with peace of mind. In that c...
by protagonist
Sat Nov 09, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: Switch Citi Thank You Preferred for Prestige + card?
Replies: 4
Views: 438

Switch Citi Thank You Preferred for Prestige + card?

A few years ago I downgraded my Citi Thank You card to Thank You Preferred. I still have about 1000 Thank You points that just sit there. I have been getting targeted offers to switch it for Prestige Plus, which on the surface seems to perhaps have some small advantages. Bottom line...it probably do...
by protagonist
Sat Nov 09, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 61
Views: 4674

Re: How bad business travel is?

I am seeking career advice here. Background: Married no kids. Working in a private company, 0% travel time. Kind of relaxed and boring and this is alarming to me. They do things old way, very old software...etc I stopped learning new things and feel like I am about to forget things I used to master...
by protagonist
Sat Nov 09, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Amazon delivery
Replies: 32
Views: 3596

Re: Amazon delivery

3. If your neighbor is a prime member and order something their algorithm will notice delivery next door and expedite your shipping no mater if you are prime or not (big data rules). I live in an apartment building and many of my neighbors are Prime members. This explains why sometimes I receive sh...
by protagonist
Sat Nov 09, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Free Turbotax 2019
Replies: 19
Views: 2911

Re: Fidelity Free Turbotax 2019

I'm thinking about how desperate somebody with $5M+ assets with Fidelity would be to save 20 or 50 dollars on tax software, that Fidelity would use that as an advertising perk. Financially, it's down in the noise, yes, but don't discount the value of the ego boost of getting for free something that...
by protagonist
Sat Nov 09, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 13483

Re: Finances in NYC

VictoriaF wrote:
Fri Nov 08, 2019 9:59 am
mark39 wrote:
Thu Nov 07, 2019 6:14 pm
Another one for you
https://thoughtgallery.org/
Thank you, Mark,
This is a type of events I enjoy.

Victoria
Ditto! Thanks, Mark.
btw, Victoria, The Skint usu. has loads of comedy events (as well as a lot of other stuff). It comes out every day or two and you can subscribe by email.
by protagonist
Thu Nov 07, 2019 4:38 pm
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2841

Re: Cost basis step up on death of spouse?

the wiki has a good description of step up in basis https://www.bogleheads.org/wiki/Step-up_in_basis Yes, read the Wiki. It depends on whether you live in a community property state or not. Community property is fully stepped up, but in other states, only 1/2 receives a step-up. Does not apply to O...
by protagonist
Thu Nov 07, 2019 4:23 pm
Forum: Personal Consumer Issues
Topic: Amazon delivery
Replies: 32
Views: 3596

Re: Amazon delivery

Amazon no longer promises 2-day deliver for all Prime items. And if I recall the "small print", when they do guarantee 2 day free delivery it is now 2 days following shipping. There is no guarantee as to when it will be shipped. In other words, it can conceivably arrive any time...no real guarantee...
by protagonist
Thu Nov 07, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Free Turbotax 2019
Replies: 19
Views: 2911

Re: Fidelity Free Turbotax 2019

My guess is that only those with $5M+ or those who have generated certain revenue levels are likely to get such an offer. This makes me laugh. I'm thinking about how desperate somebody with $5M+ assets with Fidelity would be to save 20 or 50 dollars on tax software, that Fidelity would use that as ...
by protagonist
Thu Nov 07, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 135
Views: 18251

Re: Do you invest in Real Estate ? Why ?

Nope. 1. My equity in the value of my home already makes up about 1/5 of my entire portfolio. IMHO that is enough. If I invest in more RE I will likely be overweighted in RE (I assume commercial and private RE is highly correlated). For many investors their home equity represents most of their asset...
by protagonist
Wed Nov 06, 2019 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 13483

Re: Finances in NYC

Congratulations on the opportunity OP. Some observations. I'm a longtime New Yorker so biased, but here's the rub - New York is like nowhere else. Even if it's not your thing long term it might just be a great experience for you to tell the grandkids about one day. The crowds and noise aren't for e...
by protagonist
Wed Nov 06, 2019 12:20 pm
Forum: Investing - Theory, News & General
Topic: WaPo: Many Investors Have Sat Out Rally
Replies: 87
Views: 15074

Re: WaPo: Many Investors Have Sat Out Rally

The flip side of "recency bias" is that all recent crashes and bear markets have bounced back quickly....and bounced back in spades. A decade after 2009 the Dow went from the 6000s to the 27000s. There is no reason to have assumed in 2009 that it could not have as easily slowly declined over the pa...
by protagonist
Wed Nov 06, 2019 10:45 am
Forum: Investing - Theory, News & General
Topic: WaPo: Many Investors Have Sat Out Rally
Replies: 87
Views: 15074

Re: WaPo: Many Investors Have Sat Out Rally

The flip side of "recency bias" is that all recent crashes and bear markets have bounced back quickly....and bounced back in spades. A decade after 2009 the Dow went from the 6000s to the 27000s. There is no reason to have assumed in 2009 that it could not have as easily slowly declined over the pas...
by protagonist
Tue Nov 05, 2019 3:38 pm
Forum: Investing - Theory, News & General
Topic: Citizens Bank 5% cash back on everything thru 3/31/20
Replies: 9
Views: 1365

Re: Citizens Bank 5% cash back on everything thru 3/31/20

How do you get 5.25% on all online shopping? Platinum Preferred status at BoA/Merrill Edge (because I hold at least $100K of Vanguard ETFs there) gives me a bonus on BoA credit card rewards. The BoA Cash Rewards cards have a 3% category (5.25% with Platinum Preferred bonus) that I can choose each m...
by protagonist
Tue Nov 05, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 13483

Re: Finances in NYC

I've raced my fiancee four times so far, where she would take the bus (both crosstown and N-S) and I would walk at my usual relatively fast pace- I average 10 city blocks in 9 minutes (no running- that is cheating- just my normal walk). I beat her all four times. The immortal Lightnin' Hopkins said...
by protagonist
Tue Nov 05, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: Airbnb - Guide a beginner
Replies: 64
Views: 6234

Re: Airbnb - Guide a beginner

Many new scams are hitting new and experienced Airbnb renters alike. This should be required reading before booking. See: https://www.vice.com/en_us/article/43k7z3/nationwide-fake-host-scam-on-airbnb Which only reinforces the old risk/reward relationship. There are very few absolute truths in the u...
by protagonist
Tue Nov 05, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 13483

Re: Finances in NYC

You'll be miserable living in Manhattan on 122k. It's a lot more expensive than you may think. If saving is a priority, stay out of NYC unless you run a bank or hedge fund. Manhattan's median annual household income is $66,739, while Brooklyn's is a mere $44,850. By your logic there must be a vast ...
by protagonist
Tue Nov 05, 2019 12:31 pm
Forum: Investing - Theory, News & General
Topic: Citizens Bank 5% cash back on everything thru 3/31/20
Replies: 9
Views: 1365

Re: Citizens Bank 5% cash back on everything thru 3/31/20

Citizens has a branch in my local supermarket (in Upstate NY) but I will not be bothering with this. Too much hassle to change a direct deposit. My part-time paycheck goes entirely into my Roth 403b. My only direct deposit of sufficient size would be my SS benefit, and I would rather not mess aroun...
by protagonist
Tue Nov 05, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 13483

Re: Finances in NYC

Would you consider moving to Kips Bay when your lease is up? Being able to walk to work would add so much to your life. The only NYC bus I could tolerate was the crosstown. The ones that travel up and down the avenues are just painfully slow. I know that a lot of recent college grads move to Kips B...
by protagonist
Tue Nov 05, 2019 8:23 am
Forum: Investing - Theory, News & General
Topic: Citizens Bank 5% cash back on everything thru 3/31/20
Replies: 9
Views: 1365

Re: Citizens Bank 5% cash back on everything thru 3/31/20

Citizen's Bank's modus operandi is bait and switch. They offer enticing terms on savings accounts for six months, then the rate drops to nothing while they offer a new differently named savings account with a good rate in their ads, hoping you won't notice that your savings account is now paying al...
by protagonist
Tue Nov 05, 2019 8:16 am
Forum: Personal Consumer Issues
Topic: Airbnb - Guide a beginner
Replies: 64
Views: 6234

Re: Airbnb - Guide a beginner

F150HD wrote:
Tue Nov 05, 2019 7:04 am
Look closely at the FEES. This has pushed me away in past years.
I could be wrong but I believe a total price is always quoted including fees when you start to book, so ultimately nothing is hidden.
The original stated price is often much lower.
by protagonist
Mon Nov 04, 2019 9:50 pm
Forum: Personal Consumer Issues
Topic: Airbnb - Guide a beginner
Replies: 64
Views: 6234

Re: Airbnb - Guide a beginner

If you are a flexible person willing to take risks without disappointments ruining your vacation, go the Airbnb route. You may save money and you will probably have some great experiences perforated by some disappointing ones and potentially an occasional horror show. If you are a person who expects...
by protagonist
Mon Nov 04, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 13483

Re: Finances in NYC

Financially it is very do-able. You like the professional opportunity. But you are overlooking the main point here....it is your life. Life in NYC is very different than life in Columbus. I suspect that people who love living in Columbus might not like NYC and those that love NYC might not like Colu...
by protagonist
Mon Nov 04, 2019 9:35 pm
Forum: Investing - Theory, News & General
Topic: Citizens Bank 5% cash back on everything thru 3/31/20
Replies: 9
Views: 1365

Citizens Bank 5% cash back on everything thru 3/31/20

I saw this offer in a Citizens Bank recently. After 3/31 the cash back rate drops to 1.8% and the additional 3.2% on your purchases gets credited by May 2020. It's a Mastercard. No fee for card. If legit that could be a good deal for high spenders, assuming they give you enough credit on the card. 5...
by protagonist
Fri Nov 01, 2019 2:11 pm
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 372
Views: 63864

Re: Bonds - Throw it all on the table!!!

1) List the bond funds, individual bonds, CD's, etc. that you invest in Corporate: only those that are part of FFNOX. The bond portion accounts for about 7% of my total portfolio I-bonds: As many as I can legally buy. About 5.5% of my total portfolio CDs: about 41% of my total portfolio 2) In which...
by protagonist
Fri Nov 01, 2019 1:57 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 413
Views: 65664

Re: Good Modern Science Fiction

2) McDevitt portrays a future Earth arguing vociferously over what I call "The Hawking Warning", that is, should our civilization search out other possible lifeforms in our galaxy? Or should we hide from these potential thems because they may be much more scientifically advanced than us and hostile...
by protagonist
Thu Oct 31, 2019 10:47 pm
Forum: Personal Consumer Issues
Topic: Should we downshift and move to Europe?
Replies: 40
Views: 5062

Re: Should we downshift and move to Europe?

You are unsure where you want to live. If you stay long enough to get a US passport, you won't have to worry about making the wrong decision when you move to Europe. You can always return. That door may close if you leave prematurely. At age 33, and I assume from your posts that you have a lot of ge...
by protagonist
Thu Oct 31, 2019 2:10 pm
Forum: Investing - Theory, News & General
Topic: 20 yr review of Mel's Unloved Midcaps
Replies: 43
Views: 9698

Re: 20 yr review of Mel's Unloved Midcaps

What is the point? 20 years is nothing in the course of history. In October 2011, a "30 year review" (10/1981-9/2011) would have revealed that: -long-term Treasuries returned 11.5%/yr -Long-term corporate bonds returned 11.1%/yr -The S+P 500 returned 10.8%/yr. (figures from Larry Swedroe's CBS news ...