Search found 7391 matches

by Epsilon Delta
Fri Jul 13, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: How to plan for health insurance at a young age?
Replies: 75
Views: 2508

Re: How to plan for health insurance at a young age?

Isn't the real answer to OP's question is "NO YOU CAN NOT!" but that would be too easy. Unfortunately that IS THE answer even if OP or the rest of you don't like it. +1 Any forecast should include some measure of precision, such as range, variance or a full distribution. In this case the spread is ...
by Epsilon Delta
Thu Jun 14, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: Would you choose text or email for two-factor authentication?
Replies: 50
Views: 3014

Re: Would you choose text or email for two-factor authentication?

You seemed to suggest that a hacked account password implies a hacked device. I tried to explain that these are two different things. My account password at your site may have been hacked - that doesn't mean that my device is hacked. Having both a hacked account password as well as a hacked device ...
by Epsilon Delta
Tue Jun 12, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Estimated Tax Penalty - Safe Haven
Replies: 7
Views: 936

Re: Avoiding Estimated Tax Penalty - Safe Haven

For an IRA withdrawal you can specify zero withholding, you can also specify anything from 10% to 100%. You just can't specify 1% to 9% withholding. Also you can take as many distributions as you like so if you want an exact dollar amount, make a withdrawal of that amount and withhold 100% and then ...
by Epsilon Delta
Thu Jun 07, 2018 7:52 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9783

Re: Yes, you can diversify a market portfolio

David Jay wrote:
Thu Jun 07, 2018 5:40 pm
What if one of your 4 stocks is the next Kodak (a company that is about to be inundated by sudden technological change)?
1905 Kodak or 1997 Kodak?
by Epsilon Delta
Thu Jun 07, 2018 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Clarification on MAGI and Roth IRA Income Limits
Replies: 5
Views: 461

Re: Clarification on MAGI and Roth IRA Income Limits

Pub 590A worksheet 2.1 specifies how to figure MAGI for Roth purposes. You start with AGI from form 1040, which does not include income contributed to a (deductible) 401k or HSA and then add and subtract things that do not include 401k or HSA contributions. The resultant MAGI does not include incom...
by Epsilon Delta
Thu Jun 07, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Clarification on MAGI and Roth IRA Income Limits
Replies: 5
Views: 461

Re: Clarification on MAGI and Roth IRA Income Limits

Pub 590A worksheet 2.1 specifies how to figure MAGI for Roth purposes. You start with AGI from form 1040, which does not include income contributed to a (deductible) 401k or HSA and then add and subtract things that do not include 401k or HSA contributions. The resultant MAGI does not include income...
by Epsilon Delta
Thu Jun 07, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5229

Re: daughter wants a college transfer?

How sure are you that you have the full story?
by Epsilon Delta
Thu Jun 07, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 9064

Re: Indexing will fail investors in next decade

FIREchief wrote:
Thu Jun 07, 2018 3:59 pm
First time I've ever seen somebody recommend investing in water. Not sure how I would do that. Do I need my own water tower or can I pay a reservoir to store some for me.
Emulate Dominic Greene in Quantum of Solace.

That would be life, imitating art, imitating life.
by Epsilon Delta
Thu Jun 07, 2018 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: all RMD withholding at YearEnd
Replies: 11
Views: 631

Re: all RMD withholding at YearEnd

I am looking for an IRS publication that explains if taking all of one year's required withholding in the December RMD is good enough for the IRS. The instructions for form 2210 cover that. Although there might not be an explicit statement saying exactly what you want, if you do the calculations yo...
by Epsilon Delta
Thu Jun 07, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: RMD donations using checks
Replies: 26
Views: 1435

Re: RMD donations using checks

While there is a potential issue with lost checks resulting in an insufficient RMD, the IRS has a history of being pretty lenient for a missed RMD if you take the RMD late and request absolution on form 5329. Since they forgive "I did not know better" I'd expect them to forgive "the post office ate ...
by Epsilon Delta
Thu Jun 07, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Shortest Front Loading Washer/Dryer
Replies: 3
Views: 318

Re: Shortest Front Loading Washer/Dryer

Some of the stackable units are a few inches shorter. Theres no law that says you have to stack them, although you might need a counter or something on top. There are also European models that are much smaller in all dimensions. You can probably find these somewhere if you're into washing one sock a...
by Epsilon Delta
Thu Jun 07, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9783

Re: Yes, you can diversify a market portfolio

Imagine you started with an equal-weight portfolio of the following ten stocks: BAC (Bank of America Corporation) C (Citigroup Inc.) GILD (Gilead Sciences, Inc.) GS (Goldman Sachs Group, Inc.) JPM (J P Morgan Chase & Co) MS (Morgan Stanley) SO (Southern Company) USB (U.S. Bancorp) V (Visa Inc.) WFC...
by Epsilon Delta
Thu Jun 07, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How to legally avoid a bank levy?
Replies: 16
Views: 2162

Re: How to legally avoid a bank levy?

This question follows a scenario I am aware of where someone is behind on his debts but plans to settle or just pay in full, but perhaps not in time to avoid some collection efforts. If there is a reasonable plan to pay I'd suspect it's better to talk to, or have the debtors lawyer or agent talk to...
by Epsilon Delta
Thu Jun 07, 2018 10:03 am
Forum: Personal Consumer Issues
Topic: Water Heaters
Replies: 27
Views: 2148

Re: Water Heaters

The main purpose of a basement is put the foundations below the frost line. Which is why you find them in New England and not the south. It's usually cheaper to dig one big hole than lots of fiddly bits, in part because it gives the masons more room to work. Secondary uses such as mechanical space, ...
by Epsilon Delta
Thu Jun 07, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: How to know if power is cut to smoke detector
Replies: 35
Views: 3632

Re: How to know if power is cut to smoke detector

The primary benefit of my hardwired smoke detectors is without them I could not get a certificate of occupancy.
by Epsilon Delta
Wed Jun 06, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to figure out whether spouse should try to get 40 SS credit
Replies: 8
Views: 693

Re: Trying to figure out whether spouse should try to get 40 SS credit

Just for trivia the below is not a new rule. It's been the law as long as I can remember. Not well understood though so well worth the electrons. :beer It gets a bit more complicated in your situation. Your spouse will not get 50% of your PIA if she files for her own benefit at age 62. The new rules...
by Epsilon Delta
Wed Jun 06, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9783

Re: Yes, you can diversify a market portfolio

I square this by claiming there are multiple dimensions of risk. One is s.d. (or at least s.d. is a good proxy for it) others are unknown. When we squeeze s.d. by tilting some unknown form of risk increases. Having different amounts of different risks is not exactly the same. It is a matter of tast...
by Epsilon Delta
Wed Jun 06, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9783

Re: Yes, you can diversify a market portfolio

For simplicity's sake, suppose I'm holding a CBS-type portfolio comprised of 50% total global stock market and 50% total bond. Let's call this 50-50 portfolio "CBS1." Now, someone comes along and tells me I could increase diversification by tilting from my under-diversified, market-weighted CBS1 po...
by Epsilon Delta
Tue Jun 05, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: in idea with SCV and leverage..
Replies: 23
Views: 1813

Re: in idea with SCV and leverage..

People who write about it, however, say that the criterion does not assume anything about your personal utility function, Consider the personal utility function where you have $1 and need $10m by Friday or you die. The Kelly criteria does not enter into it, you need to bet enough or failure is cert...
by Epsilon Delta
Tue Jun 05, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Water Heaters
Replies: 27
Views: 2148

Re: Water Heaters

I cannot replace either tank's anode without first draining the tank, disconnecting the gas line, water inlet and outlet lines, as well as the roof vent. The tank then needs to be tipped on it's side to allow anode replacement. Might be easier to cut and patch a hole in the roof. :twisted: :shock: ...
by Epsilon Delta
Tue Jun 05, 2018 1:58 pm
Forum: Personal Consumer Issues
Topic: How should I hang a hammock on vinyl sided exterior wall?
Replies: 11
Views: 831

Re: How should I hang a hammock on vinyl sided exterior wall?

I think if you search, say, Lowes for "Siding Mounting Blocks" you will find what you are looking for.

There are two types. One type has serrated edges and fits over the siding. The other type has channels and mounts flush to the sheathing. For an eye bolt you'd want the second type.
by Epsilon Delta
Tue Jun 05, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: I think I made an Traditional IRA mistake- Can it be fixed?
Replies: 60
Views: 3623

Re: I think I made an Traditional IRA mistake- Can it be fixed?

retiredjg wrote:
Mon Jun 04, 2018 2:02 pm
The original adjusted gross income should be the last line on your original Form 1040.
AGI is the last line on the front of 1040 (and the first line on the back). There's plenty of other stuff after AGI on page 2.
by Epsilon Delta
Tue Jun 05, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: Tool board for basement - plywood or pegboard?
Replies: 30
Views: 1908

Re: Tool board for basement - plywood or pegboard?

FeesR-BullNotBullish wrote:
Tue Jun 05, 2018 9:28 am
I'd like to hang pegboard floor to ceiling all over the house, but i prefer living in harmony with DW.
Have you considered installing picture rails as a compromise?

Or maybe a nice shaker style peg rail.
by Epsilon Delta
Sun Jun 03, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Admiral Shares of Vanguard Fund
Replies: 7
Views: 769

Re: Admiral Shares of Vanguard Fund

Notice that the difference between having $10,000 in Total stock market admiral shares and $9999.99 in Total stock market investor shares is $10 per year in expenses. So even if you worry about being demoted, you should not be worried much about being demoted. It's more for the active funds, but sti...
by Epsilon Delta
Sun Jun 03, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Re-marriage and claiming social security on ex-spouse
Replies: 10
Views: 1808

Re: Re-marriage and claiming social security on ex-spouse

I take RS 00202.045 to be about the termination of benefits. Since you are not currently entitled, entitlement cannot be terminated and this is irrelevant. I think that to get to entitlement you'd need to squeeze through RS 00202.005 , and that requires you to be unmarried at age 62 when you apply. ...
by Epsilon Delta
Sun Jun 03, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity with survivor or not
Replies: 13
Views: 1173

Re: Annuity with survivor or not

You need to plan for dieing tomorrow as well as dieing later in life. If the plan is to take the larger income now and invest it to cover the loss of income later you need to consider what happens if the lose of income happens tomorrow. Since you mentioned term life, I would only consider taking the...
by Epsilon Delta
Sun Jun 03, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: 19 yr old - IRA
Replies: 10
Views: 515

Re: 19 yr old - IRA

The behavior of the young adults I know is such that if I were setting up an IRA for them I'd prefer a traditional mutual fund account that can only buy mutual funds from a reasonable company to a brokerage account where they can buy almost anything. That way the attention deficit* works to keep the...
by Epsilon Delta
Sun Jun 03, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Major Issue with Wife's Vanguard IRA - please help
Replies: 19
Views: 1868

Re: Major Issue with Wife's Vanguard IRA - please help

[*]You amend your tax returns for 2015, 2016, and 2017 to claim the deduction (if you are eligible). You should file form 8606 for 2013 and 2014 for the non-deductible contributions during those years and also file form 8606 for 2015, 2016, and 2017 for the 2013 and 2014 non-deductible contribution...
by Epsilon Delta
Sun Jun 03, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Major Issue with Wife's Vanguard IRA - please help
Replies: 19
Views: 1868

Re: Major Issue with Wife's Vanguard IRA - please help

jebmke wrote:
Sun Jun 03, 2018 9:42 am
Three years is max. So that would be 2017, 2016 and 2015.
It's three years from date of original filing. 2014 could still be open for a 1040X if he filed for an extension and filed after June 3rd 2015. But if he filed June 4th 2015 he would need to get the 1040X postmarked tomorrow :twisted:
by Epsilon Delta
Sun Jun 03, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Tool board for basement - plywood or pegboard?
Replies: 30
Views: 1908

Re: Tool board for basement - plywood or pegboard?

I mount peg board with standoffs 1"x1"x1/2" blocks that hold the board away from the wall and let me use any hole not used to screw it to the wall. Furring strips block a fairly high percentage of the holes, usually including the ones I want. If the studs are not conveniently located I use furring s...
by Epsilon Delta
Sun Jun 03, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in Roth IRA
Replies: 24
Views: 1543

Re: Bonds in Roth IRA

My wife has a pretty decent selection of low-cost index funds in her 401(k), but lousy choices of bond funds. Most are actively managed with .75% fees or higher. The only low cost (.1% fee) bond fund is a short-term (~2 year duration) fund. On the other hand, her Roth IRA allows us to invest in any...
by Epsilon Delta
Sat Jun 02, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: Need to replace my Vizio TV..............
Replies: 35
Views: 2587

Re: Need to replace my Vizio TV..............

Does sound work with an external speaker system or sound bar? My thought also. Run a cable from one of the outputs (there can be multiple types) to an external speaker or soundbar. There may be audio outputs on the cable box as well as the TV. Taking the sound from the cable box takes the TV entire...
by Epsilon Delta
Sat Jun 02, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Car drove through our home - some questions on insurance and restitution
Replies: 26
Views: 3324

Re: Car drove through our home - some questions on insurance and restitution

The word of the day is subrogation. If your (or the drivers) insurance pays you and the DA gets restitution from the driver the restitution may go to reimburse the insurance company -- you don't get paid twice for the same loss. This means you may have less interest in pursuing restitution. There's ...
by Epsilon Delta
Sat Jun 02, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Major Issue with Wife's Vanguard IRA - please help
Replies: 19
Views: 1868

Re: Major Issue with Wife's Vanguard IRA - please help

This is why you read statements and keep your own records. I take it you don't have any copies of 1099s, 5498 or account statements in your own files? If you don't have anything saying this was a Roth I think you are unlikely to get any sympathy from Vanguard. If it turns out this has been a traditi...
by Epsilon Delta
Sat Jun 02, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: What's wrong with this critique of indexing?
Replies: 124
Views: 8859

Re: What's wrong with this critique of indexing?

If markets are efficient, then it is reasonable to expect all factors to have the same risk adjusted return. No it isn't. If risk is defined as variance then it is false by the cauchy-schwartz inequality, which relates variance and covariance of random variables. If risk is something else then we h...
by Epsilon Delta
Sat Jun 02, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: What's wrong with this critique of indexing?
Replies: 124
Views: 8859

Re: What's wrong with this critique of indexing?

"Fair before" means that each dollar has the same expected return, before you know what happens. The EMH, if true, says that all stocks are "fair before" - they have the same risk adjusted return. No. Just no. The EMH does not say this and it does not imply this. The EMH would imply this only if al...
by Epsilon Delta
Sat Jun 02, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: Home elevator
Replies: 23
Views: 2114

Re: Home elevator

If you are building a house and do not need an elevator now you can prepare the house by putting in the shaft and pit. A shaft can be disguised as stacked closets until you need to install the elevator hardware.
by Epsilon Delta
Sat Jun 02, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Difference between Tradional and Rollover IRA
Replies: 14
Views: 1202

Re: Difference between Tradional and Rollover IRA

The IRS allows, but does not require employer plans to accept pre-tax rollovers from IRAs. It was a plan error to accept the rollover of after-tax (non-deductible) IRA basis. Prior to 2014, it was the plan's responsibility to ensure this didn't happen. It doesn't matter much but for historical inte...
by Epsilon Delta
Sat Jun 02, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: How do you repay back a 401k loan
Replies: 21
Views: 1839

Re: How do you repay back a 401k loan

my basement floods and takes out my funrance. I spent nearly all of the refund replacing the furnance and cleaning up the basement. Starting in February, I have reigned back my spending and I have $3000 on hand. The reason that I am looking to borrow money is because my basement flooded yet again a...
by Epsilon Delta
Sat Jun 02, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Gift tax exclusion - gifting to multiple people who then gift to one person?
Replies: 19
Views: 1891

Re: Gift tax exclusion - gifting to multiple people who then gift to one person?

I thought that there is no limit on gifts to a spouse. However, this discussion seems to say that if the spouse then turns around and gifts to, for example, a child, then that amount would be "added" to any gift that I also made to the child, potentially putting it over the $15k limit? Sorry if thi...
by Epsilon Delta
Fri Jun 01, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Is VTI really "total stock market" with only 1478 holdings?
Replies: 17
Views: 3728

Re: Is VTI really "total stock market" with only 1478 holdings?

I was trying to find the differences in holdings between Total US, Total International and Total World Funds/ETF's and was quite surprised to hear about the Portfolio Composition File. https://investor.vanguard.com/etf/profile/portfolio/VTI/pcf (1490 instead of 3629) https://investor.vanguard.com/e...
by Epsilon Delta
Fri Jun 01, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Roommate in a house?
Replies: 32
Views: 2978

Re: Roommate in a house?

The flip side is that we didn't have to recapture that depreciation when we sold the house 15 years later, either. Uh, no. You recapture depreciation that is allowed or allowable . Not taking it does not, by the letter of the law, let you off the hook. However this is an area where the letter of th...
by Epsilon Delta
Fri Jun 01, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Umbrella Insurance Policy
Replies: 18
Views: 1994

Re: Value of Umbrella Insurance Policy

I see your point, but I believe it may depend on the state you live in and how liberal/conservative the judicial system is. I've been told that in conservative areas, the judge will consider an umbrella as a good faith effort to protect your assets and honor that in a lawsuit situation. I'm curious...
by Epsilon Delta
Fri Jun 01, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Milestones on the way to FI [Financial Independence]
Replies: 28
Views: 3145

Re: Milestones on the way to FI

Leave the value of the home out of your net worth. Count only the money you have, the equity in your home -- and subtract anything you owe. No. That's double counting the mortgage. Either use the value of the home and subtract the mortgage debt; or use the equity in the home and do not subtract the...
by Epsilon Delta
Fri Jun 01, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: Economics 101. Naive question about stock and bond market correlation
Replies: 16
Views: 1503

Re: Economics 101. Naive question about stock and bond market correlation

Even if stocks and bonds were 100% correlated bonds could still be a useful part of a portfolio because the variance is so much smaller. Some people would argue that you should use a MM fund in that case, but a MM fund is just very short term bonds. Anyway a lot of people take the usefulness of bon...
by Epsilon Delta
Fri Jun 01, 2018 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10725

Re: Why have a savings account at all?

... 2. My credit cards provide more than enough liquidity for the few days it could take to liquidate my investments. If I need a cash advance, this strategy could cost me but not much and it's rare so I'd still probably come out ahead. ... Things happen: https://www.independent.co.uk/life-style/ga...
by Epsilon Delta
Fri Jun 01, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: I think I made an Traditional IRA mistake- Can it be fixed?
Replies: 60
Views: 3623

Re: I think I made an Traditional IRA mistake- Can it be fixed?

It looks like the talk of Roths, backdoor Roths and form 8606 is confusing the OP. He wanted to make a deductible IRA contribution. By his own account he is eligible to do so because of his income and retirement plan status and it is reasonable for him to use a deductible IRA because he expects to b...
by Epsilon Delta
Fri Jun 01, 2018 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth
Replies: 9
Views: 857

Re: Back Door Roth

It is the job of the IRS and courts to interpret tax law. If congress wishes to weigh in they do it by passing a law.

The congressional footnote should have as much relevance as Kitces' FUD.
by Epsilon Delta
Fri Jun 01, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Equal weight for index fund?
Replies: 51
Views: 3002

Re: Equal weight for index fund?

It's return cannot be "attributable to small cap outperformance" because it doesn't hold any small caps. ...RSP tilts its holdings towards small caps, relative to VTI, purely as a function of its weighting regime. Thus, when small caps outperform large caps you'd expect RSP to outperform VTI and vi...
by Epsilon Delta
Fri Jun 01, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 16723

Re: Top Shelf Liquor Overrated?

Interesting. I see it's more of a placebo effect when you are drinking top shelf liquor. Certainly there are some cases where the more expensive bottle might be better but is it worth the price they are asking? The answer probably depends a bit on how much excess discretionary income one has along ...