Search found 4917 matches

by dratkinson
Wed Jul 01, 2020 3:36 pm
Forum: Personal Consumer Issues
Topic: Looking for cell phone for elderly person
Replies: 21
Views: 918

Re: Looking for cell phone for elderly person

You know this person better than others and I believe you when I say “smartphone not needed,” but let me point out that smartphones - especially iPhones - have best-in-class accessibility features. So for someone who is almost blind, they’d be able to use voiceover to read them texts, and dictate t...
by dratkinson
Tue Jun 30, 2020 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Forgot to start quarterly income tax payments this year, is it too late?
Replies: 8
Views: 1057

Re: Forgot to start quarterly income tax payments this year, is it too late?

If you are still employed, why not just increase your employer withholdings---fed + state?. Would seem to be a simpler option. (My faulty memory recalls employer withholdings are assumed to be "on time".) It is more correct to say that withholding is assumed to have been equally distributed across ...
by dratkinson
Tue Jun 30, 2020 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Forgot to start quarterly income tax payments this year, is it too late?
Replies: 8
Views: 1057

Re: Forgot to start quarterly income tax payments this year, is it too late?

If you are still employed, why not just increase your employer withholdings---fed + state?. Would seem to be a simpler option. (My faulty memory recalls employer withholdings are assumed to be "on time".) Disclosure. I assume investment distributions will increase 10%/yr, and withhold enough to cove...
by dratkinson
Mon Jun 29, 2020 8:22 am
Forum: Personal Finance (Not Investing)
Topic: 41 hrs old looking for education tools
Replies: 5
Views: 660

Re: 41 hrs old looking for education tools

Or... let the forum walk you through your options. Read library book, The Bogleheads' Guide to Investing . It'll provide the background information for you to understand your forum replies. Then go into the first forum section, "Personal Investing", and post your information in the format requested ...
by dratkinson
Sun Jun 28, 2020 12:23 pm
Forum: Personal Investments
Topic: What is the tax-equivalent return of EE bonds?
Replies: 10
Views: 1003

Re: What is the tax-equivalent return of EE bonds?

... I’m setting up an EE bond ladder which would allow me to withdraw the most recent batches (that haven’t “accumulated” much interest) if needed, without touching the oldest batches that are closer to the 20 year mark. Note. Your planned use of a EE bond ladder---redeeming most recent batches ear...
by dratkinson
Sat Jun 27, 2020 5:33 pm
Forum: Personal Investments
Topic: What is the tax-equivalent return of EE bonds?
Replies: 10
Views: 1003

Re: What is the tax-equivalent return of EE bonds?

I could be wrong. Believe a 3.53% 20yr EE bond that matures today, should have the same fed taxable yield as a 3.53% CD that matures today. In both cases it's 3.53%. The only difference is your change in tax brackets between now and in retirement. I can't help you with your implied questions. --If y...
by dratkinson
Fri Jun 26, 2020 7:02 pm
Forum: Personal Consumer Issues
Topic: phone service through Comcast
Replies: 15
Views: 956

Re: phone service through Comcast

If I get phone service through Comcast, it looks like I need to buy a new cable modem. I currently have just TV and internet. Will I be able to use an AT&T answering machine with it? Will I be able to use regular landline phones with it? . The short answer: Yes. The long answer. Plug your home phon...
by dratkinson
Thu Jun 25, 2020 3:28 pm
Forum: Personal Investments
Topic: College Student Beginner Portfolio Advice
Replies: 34
Views: 1144

Re: College Student Beginner Portfolio Advice

Keep your life simple. To that end... Consider getting rid of Betterment. Why? There have been a few folks recently coming here looking for advice to leave betterment. Why? --Multiple small holdings. --Hundreds of tax-loss harvest transactions per year that must be reported. But a TLH is worth littl...
by dratkinson
Mon Jun 22, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Leave H&R Block for Turbo Tax or what other software
Replies: 32
Views: 1736

Re: Leave H&R Block for Turbo Tax or what other software

I've used OLT (OnLine Tax, an IRS freefile option) for several years and like it---fed, state, efile. It's free if income <$69K (2019), and ~$16 if you're over. It does not hold your hand so you must know how each form should be populated. But for a simple return, it's fast and I can generally creat...
by dratkinson
Sun Jun 21, 2020 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Any benefit to linking your Brokerage account to your Local Bank account?
Replies: 15
Views: 1198

Re: Any benefit to linking your Brokerage account to your Local Bank account?

I don't believe the links AT our banks/CUs to our investment accounts are necessary, and can sometimes cause problems. However, links AT our investing accounts to our bank/CU accounts are most helpful. 1. I link my investment accounts to my bank/CU accounts, not the other way around. --Push/pull tra...
by dratkinson
Sat Jun 20, 2020 3:38 am
Forum: Personal Investments
Topic: Portfolio review! A Betterment to Vanguard switcher with mostly taxable.
Replies: 22
Views: 2771

Re: Simplifying a portfolio in this downturn?

Tax efficiency. At $3K/yr, it would require many years to sell SCHB by using up the carryover loss. The carryover loss would also be wasted if used to offset SCHB LTCGs (lower tax rate applies), instead of ordinary income (higher tax rate applies). I thought carryovever capital losses were first ap...
by dratkinson
Fri Jun 19, 2020 5:47 pm
Forum: Personal Investments
Topic: Recent College Grad Portfolio Help
Replies: 3
Views: 229

Re: Recent College Grad Portfolio Help

TA (tax-advantaged) accounts. You appear to have access to Vanguard funds in your employer's retirement plan. Consider using a TDR (target date retirement) fund in your Roth and employer's retirement plans. Why? They are simple and self managing, so fewer things to worry about. Taxable account (brok...
by dratkinson
Fri Jun 19, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: 36 YO wife getting Medicare related Junk Mail
Replies: 20
Views: 1172

Re: 36 YO wife getting Medicare related Junk Mail

Use the backs of junk mail envelopes: --For shopping lists... to reduce your Post-It budget. --To doodle "back of the envelope" ideas. Don't know if "mail a brick" is still a thing. But seriously, --Search for and use ways to "opt out of junk mail": http://www.google.com/search?&q=opt+out+of+junk+ma...
by dratkinson
Thu Jun 18, 2020 7:00 pm
Forum: Personal Investments
Topic: VBTLX or Guaranteed Stable Value fund 3%
Replies: 10
Views: 921

Re: VBTLX or Guaranteed Stable Value fund 3%

Another option. If you are considering VBTLX (TBM), then depending upon your fed tax bracket, could also consider VWITX (IT national muni), or VWLTX (LT national muni) if you can withstand a little extra risk. PSA. The forum does not recommend munis for folks in lower tax brackets. Disclosure. I was...
by dratkinson
Wed Jun 17, 2020 4:59 pm
Forum: Personal Consumer Issues
Topic: Kitchen Counter Top Appliance with Multiple Functions?
Replies: 22
Views: 1585

Re: Kitchen Counter Top Appliance with Multiple Functions?

Saw a review of a breakfast machine. Contained: --Small griddle for cooking 1x egg and 2x bacon. --Small oven for 2x pieces of toast. --Small ~2x cup coffee maker. Jack of all trades, master of none. http://t0.gstatic.com/images?q=tbn:ANd9GcRpEcdnpeFvHs_WH0dcsXP6Xtpep-KFFxw_A97YlKFjyzW52N5ZyHEWYj_3N...
by dratkinson
Wed Jun 17, 2020 3:39 pm
Forum: Personal Investments
Topic: Help me Built a Dividend Growth Investment Portfolio [new thread]
Replies: 25
Views: 1720

Re: Help me Built a Dividend Growth Investment Portfolio [new thread]

Different FAs have different rules. My neighbor's FA liked the 5% SWR rule: 1% for him, 4% for her. Ordinary dividends. Recall reading another problem with dividend portfolios... the dividends often contain a high percentage of ordinary dividends, not qualified dividend income (QDI, taxed like LTCG)...
by dratkinson
Tue Jun 16, 2020 5:01 pm
Forum: Personal Investments
Topic: Using credit cards for leverage (no, seriously)
Replies: 53
Views: 3930

Re: Using credit cards for leverage (no, seriously)

Search: http://www.google.com/search?&q=credit+card+kiting

On the other hand, if you avoid prosecution by paying off the debit, then your CC monthly interest rate is higher than your expected annual market return.

Either way, you lose.

"A strange game. The only winning move is not to play."
by dratkinson
Sun Jun 14, 2020 6:51 pm
Forum: Personal Consumer Issues
Topic: Slide-in pickup campers
Replies: 33
Views: 2246

Re: Slide-in pickup campers

Coworker couldn't believe the great deal he got on an out-of-state large Lance camper. Looked great, paid cash, put it on his (little) F150, and drove it home. Long story short. Heavy camper would occasionally cause a rear wheel lug bolt to snap. Once almost lost a wheel. Knew something was wrong wh...
by dratkinson
Sat Jun 13, 2020 7:15 pm
Forum: Personal Investments
Topic: Portfolio review
Replies: 8
Views: 908

Re: Portfolio review

BH Portfolio review. I'm a new investor and I spent most of my life putting money into savings account. My mom always told me to contribute as much as I can to my 401k which I am truly grateful for. I've realized that putting all of my money in a bank account does not keep up with inflation. My fund...
by dratkinson
Fri Jun 12, 2020 3:00 pm
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16116

Re: Thoughts on today's sell-off?

I had just lump sum'd my life savings in the prior week (at the very peak) so feeling pretty miserable. :oops: :oops: :oops: Don't Panic. The current market condition is heavily influenced by the pandemic, once resolved, the market will recover. I searched your posts, https://www.bogleheads.org/for...
by dratkinson
Fri Jun 12, 2020 4:06 am
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16116

Re: Thoughts on today's sell-off?

Can’t find “ Adrian’s rule” on the forum. Can u provide a link? You didn't try very hard: https://www.bogleheads.org/forum/viewtopic.php?t=30309 Actually I did use the search option and got “ no matches found” for Adrians rule. Thanks for the link... I see the title is “ adrians 50% rule “ and mayb...
by dratkinson
Thu Jun 11, 2020 1:45 pm
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16116

Re: Thoughts on today's sell-off?

I didn't know the market was selling today. If you do, and it bothers you, then you may be paying too much attention to the market. “The stock market is a giant distraction to the business of investing.” --Jack Bogle. If market volatility disturbs your, then suggest you become more conservative with...
by dratkinson
Wed Jun 10, 2020 3:22 pm
Forum: Personal Consumer Issues
Topic: Water Heater: Rheem vs AO Smith
Replies: 36
Views: 2966

Re: Water Heater: Rheem vs AO Smith

Now would be a good time to ask your installers if they are able to change your anode at the end of the warranty period. And for how much. Tape their business card and anode change date to WH. Depending upon inflation, I'm expecting to pay a little >$200 to change mine in a standalone port. The BW a...
by dratkinson
Tue Jun 09, 2020 2:16 pm
Forum: Personal Consumer Issues
Topic: Gardening 2020
Replies: 155
Views: 11709

Re: Gardening 2020

^^^ Are you growing for a local farmer's market?

Always look forward to sweet corn showing up in local grocery.

A neighbor taught me a lazy way to cook sweet corn is to wrap each shucked ear in a paper towel, wet paper towel, and cook it in a microwave for 3-4 minutes. Sweet. Really.
by dratkinson
Tue Jun 09, 2020 2:03 pm
Forum: Personal Investments
Topic: Back Door and MBD Roth if I have TIRA account
Replies: 9
Views: 376

Re: Back Door and MBD Roth if I have TIRA account

Disclosure. I contribute to tIRAs from 1980 to 1985. In 1986, the rIRA was allowed and I began contributing to them. No problems noted with having existing tIRAs. You mean 1996, don't you? In 86, I was still in high school, but I remember Roth accounts being offered only after I started working. Ha...
by dratkinson
Tue Jun 09, 2020 1:28 pm
Forum: Personal Investments
Topic: Back Door and MBD Roth if I have TIRA account
Replies: 9
Views: 376

Re: Back Door and MBD Roth if I have TIRA account

Disclosure. I contribute to tIRAs from 1980 to 1985. In 1986, the rIRA was allowed and I began contributing to them. No problems noted with having existing tIRAs. You mean 1996, don't you? In 86, I was still in high school, but I remember Roth accounts being offered only after I started working. Ha...
by dratkinson
Mon Jun 08, 2020 11:09 pm
Forum: Personal Investments
Topic: Back Door and MBD Roth if I have TIRA account
Replies: 9
Views: 376

Re: Back Door and MBD Roth if I have TIRA account

Ditto. (1) Roth IRA, (2) backdoor Roth IRA, and (3) mega backdoor Roth are different beasties---different rules apply. Search Wiki/forum for advice. (2) Solution to tIRA backdoor Roth problem. If your employer will allow you to roll your tIRA into your 401k, then your backdoor Roth problem may be so...
by dratkinson
Mon Jun 08, 2020 10:41 am
Forum: Personal Consumer Issues
Topic: Gardening 2020
Replies: 155
Views: 11709

Re: Gardening 2020

Teague wrote:
Fri May 29, 2020 11:23 am
Corn update. Knee-high. So far so good.

Image
Nice.

Missed it if you said...
--What kind of old tractor do you have? Is that it in background-right? Ford N?
--How did you make your rows?
by dratkinson
Sun Jun 07, 2020 8:04 pm
Forum: Personal Investments
Topic: Struggling with bonds in AA
Replies: 29
Views: 2900

Re: Struggling with bonds in AA

Been there done that. What to do? The short answer. My answer is to select bonds for more reward (dividends), and TLH the risk when it appears. Why? Reward is generally constant, risk is generally infrequent. The long answer. Data points. --During a crash, equities can lose 50-90%. --During a crash,...
by dratkinson
Sun Jun 07, 2020 6:42 pm
Forum: Personal Consumer Issues
Topic: Water Heater: Rheem vs AO Smith
Replies: 36
Views: 2966

Re: Water Heater: Rheem vs AO Smith

When I went through this drill, I was looking for WH characteristics, not a specific brand. I wanted a WH with these characteristics: --From a reputable brand. --Magnesium (not aluminum) anode. --Anode in standalone port---easier/cheaper to replace. --Single anode (not 2 anodes)---cheaper to replace...
by dratkinson
Thu Jun 04, 2020 1:31 pm
Forum: Personal Investments
Topic: Am I panicking or being prudent?
Replies: 68
Views: 6734

Sequence of Returns risk

OP is worried about the Sequence of Returns risk---the need to sell equities in a down market. Recall some retirees report keeping 5yrs of living expenses in cash equivalents to avoid SoRR. Search forum for other techniques: http://www.google.com/search?q=sequence+of+return+risk+site%3Abogleheads.or...
by dratkinson
Tue Jun 02, 2020 7:29 pm
Forum: Personal Investments
Topic: Out of market now and need advice on re-entering
Replies: 107
Views: 10173

Re: Out of market now and need advice on re-entering

Emergency funds: Six months of expenses Debt: No debt Tax Filing Status: Married Filing Jointly with Dependent Children Tax Rate: 24% Federal, 0% State State of Residence: TN Age: 52 Desired Asset allocation: 40% stock / 60% bond Desired International allocation: Open for suggestion Size of Fund: $...
by dratkinson
Sun May 31, 2020 7:03 pm
Forum: Personal Investments
Topic: Out of market now and need advice on re-entering
Replies: 107
Views: 10173

Re: Out of market now and need advice on re-entering

Debt: No debt Tax Filing Status: Married Filing Jointly with Dependent Children Tax Rate: 13% Federal , 0% State State of Residence: TN Age: 52 New annual Contributions $25K his 401k (100% company) $16K his 457 (No employer matching) $17K her 401K (No employer matching) $6K his Roth IRA $6K her Rot...
by dratkinson
Sat May 30, 2020 8:09 pm
Forum: Personal Investments
Topic: Out of market now and need advice on re-entering
Replies: 107
Views: 10173

Re: Out of market now and need advice on re-entering

BH Out of market now and need advice on re-entering I wasn’t paying attention to the market for a long time. Then, I panicked about the economic situation and sold them all. Staying the course wasn’t a problem until now. I guess the economic indicators were too overwhelming this time around. When I ...
by dratkinson
Fri May 29, 2020 6:16 pm
Forum: Personal Investments
Topic: $20K in I-bonds; sell?
Replies: 8
Views: 1109

Re: $20K in I-bonds; sell?

TD is not too complicated to deal with, so I'd want other reasons before redeeming them. (Playing the fed tax refund Ibond game did make doing taxes less onerous, but it was not enough to make me want to keep buying them.) In my case, after researching 3rd-party single-state muni funds, I redeemed a...
by dratkinson
Thu May 28, 2020 3:03 pm
Forum: Investing - Theory, News & General
Topic: Why math, why? [How do I calculate portfolio gain/loss from asset allocation?]
Replies: 15
Views: 1613

Re: Why math, why?

... I think I read somewhere that a 4% drop in the S&P equalled a 1% drop for a 50/50 portfolio, but that may be wrong too and I'm looking at a 60/40 portfolio. ... A 50/50 portfolio will drop 2% if either term drops 4%... while the other term remains constant (1). 98% = (50%*(1-.04) + 50%*1) 98% i...
by dratkinson
Wed May 27, 2020 7:15 pm
Forum: Investing - Theory, News & General
Topic: Anybody do any GOOD timing the market?
Replies: 123
Views: 7738

TLH bonds to buy equities on ex-dividend date.

Got lucky. Once. Bonds were down in late 2018. --2nd week of Nov, TLHed single-state muni to buy VWLUX (LT national muni). Had lots of time to think and second guess while waiting. Noticed VTSAX would declare a dividend on 24 Dec. --3rd week of Dec, TLHed VWLUX to mmkt. Waited a few days and... --24...
by dratkinson
Tue May 26, 2020 8:18 pm
Forum: Personal Consumer Issues
Topic: Bogleheads.org like site for home and yard improvement / repair?
Replies: 4
Views: 686

Re: Bogleheads.org like site for home and yard improvement / repair?

Recall reading someone recommending "Around the Yard" for lawn advice. Could search for past topics: --DIY home improvement advice: http://www.google.com/search?&q=diy+home+improvement+advice+site%3Abogleheads.org%2Fforum --DIY yard improvement advice: http://www.google.com/search?&q=diy+yard+improv...
by dratkinson
Mon May 25, 2020 9:29 am
Forum: Personal Investments
Topic: Paper I bonds using tax refund
Replies: 15
Views: 615

Re: Paper I bonds using tax refund

Second option. --Do an early draft tax return. Compute amount of your tax refund. --Send in a payment with an "Extension of time to file", to bring refund up to $5001. --Do a final tax return that claims $5K I bond refund. Leave $1 to carry forward to next year*. When I played the I bond tax refund ...
by dratkinson
Mon May 25, 2020 9:02 am
Forum: Personal Investments
Topic: Portfolio review! A Betterment to Vanguard switcher with mostly taxable.
Replies: 22
Views: 2771

Re: Portfolio review! A Betterment to Vanguard switcher with mostly taxable.

The forum only sends out "New reply received" notifications, it does not notify us when a reply is edited. While editing my reply to add clarity and some second thoughts, I noticed you'd edited your reply to resolve the tIRA discrepancy. Now that makes sense. You might want to reread my reply for in...
by dratkinson
Sat May 23, 2020 5:16 am
Forum: Personal Investments
Topic: Portfolio review! A Betterment to Vanguard switcher with mostly taxable.
Replies: 22
Views: 2771

Re: Portfolio review! A Betterment to Vanguard switcher with mostly taxable.

Your logic seems reasonable, but there is a problem with your tIRA. What? It’s not there. A table format is the preferred method of listing accounts and funds, it’s clearer.* Taxable (US, int’l, bonds) - SCHB (Schwab total US): 25% - VTI* (Vanguard total US in Taxable): 19% - VTV (Vanguard total val...
by dratkinson
Fri May 22, 2020 6:22 pm
Forum: Personal Consumer Issues
Topic: 4 or 5 bike rack for car and minivan
Replies: 2
Views: 273

Re: 4 or 5 bike rack for car and minivan

Try this search: http://www.google.com/search?q=1.25%22+hitch+5+bike+rack+swing+away&tbm=isch You don't need it now, but a swing-away rack would make unloading your mini van much easier. Buy it once/right. When I wanted a new bike rack that would be easier to install, LBS suggested a spare tire moun...
by dratkinson
Tue May 19, 2020 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Three years of emergency fund too much in this time?
Replies: 39
Views: 4360

Re: Three years of emergency fund too much in this time?

FOMO: fear of missing out. Been there, done that, worried about cash drag from too large an EF (checking, savings, CDs,...). What to do? Extended EF tier. We need bonds in retirement. So I used my excess cash to buy bonds in my taxable account, to create a multi-duty extended EF tier: EFs if needed...
by dratkinson
Mon May 18, 2020 5:28 pm
Forum: Personal Investments
Topic: Portfolio review! A Betterment to Vanguard switcher with mostly taxable.
Replies: 22
Views: 2771

Re: Portfolio review! A Betterment to Vanguard switcher with mostly taxable.

Did you decide to only partially restructure your investments? I ask because you seem to have passed up some opportunities to simplify your investments. It looks like you've decided to keep in taxable, TSM (VTI+SCHB, tax efficient ETFs), large value (presumably less tax efficient), small cap value (...
by dratkinson
Sun May 17, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 70
Views: 6227

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

I'm still living in a paper world, all my CCs paid by ABP, no ABP problems noted, no fraudulent CC charges in many years so have not needed to think through this problem. Interesting insights. Hope I don't need them but grateful for the heads up. (Knock wood.) Here's an argument for not being simple...
by dratkinson
Sat May 16, 2020 2:58 pm
Forum: Investing - Theory, News & General
Topic: What's the point of TLH when you already have booked losses?
Replies: 35
Views: 2095

Re: What's the point of TLH when you already have booked losses?

Suppose I have 100K in carryover capital losses and a fund with 10K of unrealized losses. Is there any point to TLHing that fund to realize the loss? Why not just let it exist unrealized? ... 3k is the maximum amount of ordinary income you can offset (and yes, it carries over to next year if you do...
by dratkinson
Fri May 15, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5549

Re: Discarding old tax returns

Was recently second-guessing myself for shredding the box containing tax returns and supporting documents from 2000... after I realized that it contained home repair documentation that would increase my home's cost basis if I should sell. But since I'm probably here for the duration, I'll let my he...
by dratkinson
Thu May 14, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5549

Re: Discarding old tax returns

Was recently second-guessing myself for shredding the box containing tax returns and supporting documents from 2000... after I realized that it contained home repair documentation that would increase my home's cost basis if I should sell. But since I'm probably here for the duration, I'll let my he...
by dratkinson
Thu May 14, 2020 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5549

Re: Discarding old tax returns

Was recently second-guessing myself for shredding the box containing tax returns and supporting documents from 2000... after I realized that it contained home repair documentation that would increase my home's cost basis if I should sell. But since I'm probably here for the duration, I'll let my hei...
by dratkinson
Wed May 13, 2020 7:22 pm
Forum: Personal Investments
Topic: Municipal Bonds question
Replies: 14
Views: 927

Re: Municipal Bonds question

Munis (individual bonds and funds) generally pay lower yields than taxable fixed income investments (CDs, treasuries,...). So the only reason to use munis is because you can benefit from the tax breaks (fed, state, city,...). If your organization DOES NOT pay taxes, then you only need to look at the...