Search found 61 matches

by scsiguru
Wed Oct 03, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating amount needed for Graduate Student loans
Replies: 0
Views: 164

Estimating amount needed for Graduate Student loans

My DD is currently in her first year of OTD school and just got notice from the admissions office that the FAFSA for 2019/2020 school year is now open. I helped her fill out the information for this school year and we were really close in estimating the amount of loans she needed. My wife and I are ...
by scsiguru
Mon Mar 05, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: 7-year ARM - Is it right for me?
Replies: 5
Views: 502

7-year ARM - Is it right for me?

I plan to take retirement at the end of this year based on several factors, not the least of which is health. My question relates on my current mortgage and possibly refinancing it, and free up some cash, to help pay for future expenses. Right now I have a fixed rate mortgage at 4.5% at a monthly pa...
by scsiguru
Wed Feb 07, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Income Producing Fund
Replies: 16
Views: 2256

Re: Vanguard Income Producing Fund

Thanks everyone for your comments and suggestions. I currently don't have a Vanguard account so I do need to establish one. Since the main purpose of funding an IRA under my wife's name is for the tax deduction I'm assuming that the account will need to be created by her? She's not the "money manage...
by scsiguru
Tue Feb 06, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 296
Views: 255228

Re: A time to EVALUATE your jitters

Long overdue. We got through 2011 and 2015 and this will be no different. Happy investing!!
by scsiguru
Sat Feb 03, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Income Producing Fund
Replies: 16
Views: 2256

Re: Vanguard Income Producing Fund

The problem is that you take some risk to get reasonable returns. If you really don't want to risk any of your principal, you are stuck with things that are considered cash here -- like money market funds or FDIC bank or NCUA credit union deposits, which pay disappointing (but some) interest. Or a ...
by scsiguru
Thu Feb 01, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Income Producing Fund
Replies: 16
Views: 2256

Re: Vanguard Income Producing Fund

The answers will depend in part on what you want to do with the money. Are you going to buy a house or a car with it in 5-10 years? When you say you want income does that mean you are planning to spend from it during these 5-10 years? Not sure now is a good time to get into a bond fund. The trend i...
by scsiguru
Thu Feb 01, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Income Producing Fund
Replies: 16
Views: 2256

Re: Vanguard Income Producing Fund

Thanks everyone for your comments! Not sure now is a good time to get into a bond fund. The trend is down. FWIW I chose the funds I listed by looking at some google results. I need to read up on technical analysis to help in picking the right ETF. Basically what I'm looking for is an ETF that would ...
by scsiguru
Wed Jan 31, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Income Producing Fund
Replies: 16
Views: 2256

Vanguard Income Producing Fund

I'm working on my taxes for 2017 and for the tax year I'm able to setup an IRA for my wife (who's retired) and claim the full deduction on my taxes thereby increasing my refund. I'm looking at a low cost Vanguard ETF that would produce some income yet would have lower risk volatility. Here are the o...
by scsiguru
Wed Jun 29, 2016 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule K-1 from Estate
Replies: 9
Views: 968

Re: Schedule K-1 from Estate

What is your taxable income as shown on the return? My taxable income is $104,164 Assuming you are married you are indeed in the 25% marginal bracket. So the additional income reported to you in the K-1 is getting taxed at the appropriate rate. Do you know if your parents had a taxable estate? Mean...
by scsiguru
Wed Jun 29, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule K-1 from Estate
Replies: 9
Views: 968

Re: Schedule K-1 from Estate

scsiguru wrote:
Cuzz35 wrote: What is your taxable income as shown on the return?
My taxable income is $104,164
by scsiguru
Wed Jun 29, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule K-1 from Estate
Replies: 9
Views: 968

Re: Schedule K-1 from Estate

Curious why you're just receiving the K-1 when the estate filed on a calendar year. You should have been alerted to expect some taxable income from the estate. Also, the tax appears about right indicating you are in a marginal bracket of 25%. Gill The estate was closed in 2015 but my brother is slo...
by scsiguru
Wed Jun 29, 2016 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule K-1 from Estate
Replies: 9
Views: 968

Re: Schedule K-1 from Estate

Cuzz35 wrote:Based on the numbers you provided it looks like your are in the 25% tax bracket. What is your taxable income as shown on the return?
I'll have to check tonight when I get home.
by scsiguru
Wed Jun 29, 2016 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Schedule K-1 from Estate
Replies: 9
Views: 968

Re: Schedule K-1 from Estate

Did the estate file a return with a 12/31 year end or does it have a 2016 year end? If a 2016 year end you don't have to report until you file your 2016 return even though the k-1 might say it's a 2015 k1. I am sorry for your loss. Thank you. Yes, the estate filed the return ending calendar year 12...
by scsiguru
Wed Jun 29, 2016 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Schedule K-1 from Estate
Replies: 9
Views: 968

Schedule K-1 from Estate

Both of my parents passed away in 2015 and my brother was the executor. The estate has finally been closed and my brother went to a local tax firm in my parent's hometown to complete the necessary tax forms for the estate. He recently provided me a copy of the Schedule K-1 which was produced from th...
by scsiguru
Fri Jun 24, 2016 1:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8767
Views: 1689952

Re: U.S. stocks in freefall

Glad I moved to 100% AGG yesterday!!!
by scsiguru
Thu Feb 11, 2016 12:14 pm
Forum: Investing - Theory, News & General
Topic: Today's Market Open supposed be Brutal...........
Replies: 44
Views: 5120

Re: Today's Market Open supposed be Brutal...........

I'm just buying more shares at a lower price...and what's wrong with this approach? :sharebeer
by scsiguru
Thu Feb 11, 2016 5:55 am
Forum: Investing - Help with Personal Investments
Topic: Confused on how to handle inheritance
Replies: 15
Views: 1790

Re: Confused on how to handle inheritance

Thanks everyone for your excellent suggestions. I did receive the check for my portion of the inheritance and I plan to park it into my Ally account, at least for a while. My current Ally account is being funded every two weeks through payroll deposit. I use that fund as an emergency fund. I'm wonde...
by scsiguru
Tue Feb 09, 2016 8:58 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8767
Views: 1689952

Re: U.S. stocks in freefall

oldzey wrote:When I see cat food, bottled water, or laundry detergent (things that I can buy and hold forever) go on sale, I stock up.

I'll lay off the cat food references as they are getting a little old, I see. 8-)
And let's not forget about TP and paper towels..my garage is full of them.
by scsiguru
Fri Jan 22, 2016 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Well Done Ally Bank - CD purchase
Replies: 61
Views: 13159

Re: Well Done Ally Bank - CD purchase

https://www.ally.com/bank/achtransfer.html About Transfer Times Electronic transfers Funds availability For incoming Ally transfers, interest starts to accrue as soon as the funds are received on Day 3. However, to help keep you and the bank protected from fraudulent activities, we conduct a risk r...
by scsiguru
Fri Jan 22, 2016 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Well Done Ally Bank - CD purchase
Replies: 61
Views: 13159

Re: Well Done Ally Bank - CD purchase

I have never had any problems with Ally, and have enjoyed being a customer of theirs. If I transfer money from Ally to my Credit Union, it usually take two business days to show up... maybe three. I haven't found it to be an issue since I can plan for that if I need to transfer a large amount. I us...
by scsiguru
Fri Jan 22, 2016 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Well Done Ally Bank - CD purchase
Replies: 61
Views: 13159

Re: Well Done Ally Bank - CD purchase

I plan to transfer a large amount from my CU to my Ally Bank savings account and I'm wondering since I'm doing it ACH is there any time limit or "hold" that Ally may put on that transfer?
by scsiguru
Wed Jan 20, 2016 9:25 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8767
Views: 1689952

Re: U.S. stocks in freefall

BahamaMan wrote:
scsiguru wrote:Sounds like even the BH's are moving to safer investments.
Actually just the reverse. A true BH would have had his/her Asset Allocation set before the downturn and would be re-balancing into more equities.
Not much $$ to be made there.
by scsiguru
Wed Jan 20, 2016 8:09 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8767
Views: 1689952

Re: U.S. stocks in freefall

Sounds like even the BH's are moving to safer investments.
by scsiguru
Tue Jan 19, 2016 2:31 pm
Forum: Investing - Theory, News & General
Topic: Tomorrows Market Open?
Replies: 37
Views: 6412

Re: Tomorrows Market Open?

Well there's always tomorrow folks. :)
by scsiguru
Sat Jan 16, 2016 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Confused on how to handle inheritance
Replies: 15
Views: 1790

Re: Confused on how to handle inheritance

Raymond wrote:Has anything changed in your portfolio since your earlier thread in February 2015?

viewtopic.php?f=1&t=159509&p=2393706
LOL..yes...my TSP balance is a lot less...but then again so are many others. :sharebeer
by scsiguru
Sat Jan 16, 2016 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Confused on how to handle inheritance
Replies: 15
Views: 1790

Re: Confused on how to handle inheritance

Take your time. I see no rush to do anything from what you have written in your post. Thank you for your response. Even after a year it's still difficult dealing with their deaths. One thing that eats at me all the time, especially about the inheritance, is how hard both of my parents worked and sa...
by scsiguru
Sat Jan 16, 2016 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Confused on how to handle inheritance
Replies: 15
Views: 1790

Confused on how to handle inheritance

Both of my parents passed away early last year w/in 17 days of each other. My father had a 2010 Honda CR-V which my older brother decided he wanted, so that provided my younger brother and myself an equal payout of the blue book value as of the date of death. I used that money to finish funding my d...
by scsiguru
Fri Jan 15, 2016 12:33 pm
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 292
Views: 57027

Re: I'm Calling an Emerging Markets Bottom

And why does CNBC have to "YELL" in their breaking alerts on my phone? They are using ALL CAPS...ridiculous!!
by scsiguru
Fri Jan 15, 2016 10:08 am
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 10827

Re: I'm sitting here watching FOX Business...14200??

I still have 20 years till retirement to make it up. LOL...and for those with 3-5 years they are SOL if they made the wrong decisions with their allocations. Well, I was speaking for myself but I get your point. I read a lot on this and other boards about sequence of returns risk; that 5 year perio...
by scsiguru
Fri Jan 15, 2016 9:49 am
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 10827

Re: I'm sitting here watching FOX Business...14200??

leonidas wrote:I still have 20 years till retirement to make it up.
LOL...and for those with 3-5 years they are SOL if they made the wrong decisions with their allocations.
by scsiguru
Fri Jan 15, 2016 9:35 am
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 10827

Re: I'm sitting here watching FOX Business...14200??

TMCD75 wrote:They're saying we're ultimately going to dive to 14200, that's a hard pill to swallow. Would we be in a bear market at that point or a full blown recession?
Aren't we in a bear right now? :P
by scsiguru
Thu Jan 07, 2016 2:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8767
Views: 1689952

Re: U.S. stocks in freefall

Maybe I'm better off taking my 2% guaranteed return...remember THERE IS NO INFLATION. :P
by scsiguru
Wed Oct 07, 2015 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: ALLY Bank and the new tier announcement
Replies: 128
Views: 30700

Re: ALLY Bank and the new tier announcement

Synchrony Savings is at 1.05%?? Hmmmm..why am I not there rather than Ally? I don't need checking so I may just make the move now. Both of my accounts at Ally are below $5K and I'm sure I won't be seeing a decent rate after 11/7. Thoughts?
by scsiguru
Thu Feb 26, 2015 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Managing a Small Inheritance
Replies: 5
Views: 916

Re: Managing a Small Inheritance

How is your 401k invested? If by "savings" you mean a taxable investment account and if you have chosen a proper asset allocation you'll just need to adjust the holdings to account for the new taxable account. Have you considered a Roth IRA? 401K is in the TSP. 25% G, 60% S, 15% I Yes...savings in ...
by scsiguru
Thu Feb 26, 2015 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Managing a Small Inheritance
Replies: 5
Views: 916

Managing a Small Inheritance

First, let me start off by saying that this post is difficult for me, but I know I’ll have to deal with this soon and want to get advice. Both of my parents recently passed unexpectedly. My mom died on 12/26/14 and my father died on 1/12/15. My mother’s illness was short (less than a month), my fath...
by scsiguru
Tue Feb 24, 2015 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Reliable company to park emergency fund, etc.
Replies: 9
Views: 1076

Re: Reliable company to park emergency fund, etc.

Been VERY happy with Ally for 4 years. They are exactly what they advertise: no nonsense, no fee banking. Their current rate on savings is 0.99%. I also use Barclays but the no-nonsense banking of Ally is pretty hard to beat. They are available 24/7 to talk to them and I've not had to wait for more...
by scsiguru
Tue Feb 24, 2015 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Reliable company to park emergency fund, etc.
Replies: 9
Views: 1076

Re: Reliable company to park emergency fund, etc.

What's wrong with a simple Savings account at your main bank? Or switch everything over to PenFed - credit unions often are the best place to avoid account fees. My CU rate for savings is: .10% Penfed is even worse: .05% I'm not out to chase rates but I definitely want to do a little better than wh...
by scsiguru
Tue Feb 24, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: What age do you guys plan to retire?
Replies: 143
Views: 17539

Re: What age do you guys plan to retire?

58.5..I'm currently 54. My wife retired last year and has a pension coming in at around $5K/month after taxes, etc. No need to touch her 401K money. I'm currently maxed out on my 401K ($24K/year) and will also get a healty pension (not as good as the wife's). Will be eligible for a "supplement" from...
by scsiguru
Tue Feb 24, 2015 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Reliable company to park emergency fund, etc.
Replies: 9
Views: 1076

Reliable company to park emergency fund, etc.

I've have Fidelity Cash Reserves for my emergency fund, property tax fund, etc. It's not a good place any longer to park cash. Anyway, I've been wading through some of the posts here and see that there are quite a few places others recommend to hold cash (Barclay's, Capital One, Ally, Synchrony, and...
by scsiguru
Thu Dec 11, 2014 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing Savings Bond (I Series) to pay for College Tuition
Replies: 1
Views: 540

Cashing Savings Bond (I Series) to pay for College Tuition

I have a lot of I Series Savings Bonds I purchased throughout the years for my daughter's college education. I've also contributed to a 529 Account. For the 2014 tax year, my wife and I's MAGI may be w/in the limits (or even below) of cashing some of them in for educational purposes. Anyway, I'm loo...
by scsiguru
Tue Oct 21, 2014 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawal from a 529
Replies: 5
Views: 744

Re: Withdrawal from a 529

Thanks for the replies everyone. If I have the disbursement sent directly to me (the account owner) and not the beneficiary (the student), and I'm claiming the American Opportunity Credit (which I plan to do), wouldn't that generate a letter from the friendly folks at the IRS asking me to submit pro...
by scsiguru
Tue Oct 21, 2014 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawal from a 529
Replies: 5
Views: 744

Withdrawal from a 529

My daughter is a freshman in college and at some point later down the road I'll need to begin withdrawing fund from her 529. Everything I've read is to have the funds withdrawn under the beneficiaries name (in this case her). The 529 account provides for either ACH or check. Does it really matter wh...
by scsiguru
Fri Jun 27, 2014 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling with my TSP Asset Allocation
Replies: 12
Views: 2936

Re: Struggling with my TSP Asset Allocation

A good starting place would be what i use, the 60/40 pension style allocation. 60% equities and 40% fixed income. I use the G fund for all my FI and split the C, S, and I funds equally. However, Having 30% C, 20% I, and 10% S is right about on the efficient frontier. In my eyes, this is seen as a p...
by scsiguru
Fri Jun 27, 2014 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Possibly leaving federal service, what to do with TSP?
Replies: 22
Views: 2750

Re: Possibly leaving federal service, what to do with TSP?

joe8d wrote:All I will say is ,if you have a Federal job,I would definitely try to keep it.
+1 Agreed!! Not many places left that provide a defined pension benefit!!!
by scsiguru
Thu Jun 26, 2014 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling with my TSP Asset Allocation
Replies: 12
Views: 2936

Struggling with my TSP Asset Allocation

I need some advice or suggestions on allocating my TSP balance and contributions. First a little background...I'm 54 years old and have 4 years until I'm "eligible" for retirement. I'm currently contributing the max to my TSP which includes the catch-up ($23K total). I plan to work a year or two bey...
by scsiguru
Wed Apr 09, 2014 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: $10K for College
Replies: 7
Views: 1486

Re: $10K for College

The fall semester payment will be due in August sometime and the spring semester payment will be due in December. Out of pocket I'll be paying around $11K for each semester. So it might be best to just hold back $4K and put the rest into either the 529 (in which I'll gain the state tax deduction), o...
by scsiguru
Mon Apr 07, 2014 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: $10K for College
Replies: 7
Views: 1486

Re: $10K for College

@MathWizard..thank you for providing that option. Looking at the eligibility requirements it appears that we meet them to use this credit. I may just use this to pay for the fall semester and then take the American Opportunity Credit on next years taxes rather than putting the money into the 529 acc...
by scsiguru
Mon Apr 07, 2014 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: $10K for College
Replies: 7
Views: 1486

$10K for College

I have $10K to use for my daughter's college fund. I have a 529 account for her in my home state (state allows deductions of contributions). She starts college in the fall and I already have a nice sum in that account. I'm wondering if I should move this $10K into that account or look at some other ...
by scsiguru
Fri Jan 24, 2014 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Sold undeveloped land in 2013...how to report?
Replies: 2
Views: 513

Sold undeveloped land in 2013...how to report?

In July 2013 I sold an acre of undeveloped land which I purchased in June 2010. I purchased the property for $30,500 and sold it for $35,000, so I know this is a long term capital gain. I received a 1099-S from the bank that did the closing. I was going through TurboTax and it said to report it on S...
by scsiguru
Mon Jul 15, 2013 6:44 am
Forum: Investing - Help with Personal Investments
Topic: Transfer Traditional IRA to TSP
Replies: 12
Views: 1338

Re: Transfer Traditional IRA to TSP

I'm a big fan of TSP, but be sure that you are not over constrained by the limited TSP withdrawal options if this rollover puts most or all of your retirement assets in TSP. You have much greater flexibility in how you make withdrawals from an IRA than from your TSP. In my case, my retirement accou...