Search found 4414 matches

by dratkinson
Tue Jan 22, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Websites for tax simulations?
Replies: 25
Views: 1500

Re: Websites for tax simulations?

I've used https://sites.google.com/site/excel1040/ to simulate federal tax returns.

My state uses a flat tax system---fed income with a few additions/subtraction---so that was easy to simulate using a separate sheet added to excel1040.xls.
by dratkinson
Mon Jan 21, 2019 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: High Yield vs Inter-Term Tax Exempt - Considering Rebalancing
Replies: 9
Views: 577

Re: High Yield vs Inter-Term Tax Exempt - Considering Rebalancing

The high-yield muni fund includes an allocation to AMT (alternative minimum tax) issues, which will reduce your after-tax income if you are subject to AMT---so the SEC yield is misleading. Recall Vanguard's HY muni had a 20% AMT exposure (haven't looked lately). Don't know the math to compute your y...
by dratkinson
Mon Jan 21, 2019 5:46 pm
Forum: Personal Consumer Issues
Topic: Costco 'Goodyear' wiper blades
Replies: 51
Views: 11948

Re: Costco 'Goodyear' wiper blades

+1 for keeping the windshield and wiper blades clean. Needed new blades. Researched/learned "beam blades" are preferred. Tried to find some for my '90 Montero's flat windshield. No joy. Included connection options not correct for my wiper arm. Didn't want to buy new wiper arm to get new blades. So w...
by dratkinson
Sun Jan 20, 2019 8:29 pm
Forum: Personal Consumer Issues
Topic: Looking for old school CD player & bookshelf stereo
Replies: 23
Views: 1518

Re: Looking for old school CD player & bookshelf stereo

If a radio + companion CD player are acceptable, then recall a review on TheWireCutter.
Search: http://www.google.com/search?q=review+t ... cutter.com

And expanded search: http://www.google.com/search?q=review+tabletop+radio
by dratkinson
Sun Jan 20, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: Son moving to Denver from California
Replies: 47
Views: 3268

Re: Son moving to Denver from California

Try this search: http://www.google.com/search?q=colorado+chain+law+fact+sheet Read the Colorado Chain Law Fact Sheet. The short answer. AWD/4WD + M+S/M&S tires + sufficient tread depth = are legal for all plowed road conditions. (First-person experience: M+S/M&S tires without siping are useless on i...
by dratkinson
Sun Jan 20, 2019 2:01 pm
Forum: Personal Consumer Issues
Topic: Looking for old school CD player & bookshelf stereo
Replies: 23
Views: 1518

Re: Looking for old school CD player & bookshelf stereo

Another reason to avoid the Bose Wave Radio. I owned 4 over 10 years. All failed. The last arrived DOA and was returned (customer pays shipping) for a refund. Never again, Bose.
by dratkinson
Fri Jan 18, 2019 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Scammed into Cash Value Life insurance, now what?
Replies: 10
Views: 1591

Re: Scammed into Cash Value Life insurance, now what?

Hi all, I am 65 and retired. I trusted a financial advisor to manage my money. ... Your trusted FA is not. He did a good job for himself and the agency. For you, not so much. It may be time to learn to manage your own investments. (It's not that hard to do.) --Start by supplying the information req...
by dratkinson
Wed Jan 16, 2019 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Error in Bogleheads Guide to Retirement Planning, 2009 edition?
Replies: 14
Views: 1018

Re: Error in Bogleheads Guide to Retirement Planning, 2009 edition?

I have not read the book, just followed along here. I read the quoted except and explanation, and both seem to be in agreement. But I do understand that we sometimes misunderstand something, and no amount of re-read makes it clear once we know what it says. Been there, done that. (In test taking, I ...
by dratkinson
Mon Jan 14, 2019 4:48 pm
Forum: Personal Consumer Issues
Topic: UPDATE-Best way to heat basement?
Replies: 20
Views: 2241

Re: Best way to heat basement?

Recall an episode of "Ask This Old House" that described a system of wireless vents that retrofitted to existing registers. Then thermostats placed throughout the house talked to vents and furnace to direct heat where needed. Search: http://www.google.com/search?q=wireless+furnace+vent If you want t...
by dratkinson
Mon Jan 14, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8710

Re: Getting a Mortgage when You can Pay Cash for a House

Retired from military, pension covered frugal lifestyle, and could pay cash or get a mortgage. What to do? Heard Suze Orman explain why, if you can afford to pay cash, it's a bad idea to use a mortgage to transfer your wealth to a banker. (Logic made sense.) Didn't know about BH way of investing bef...
by dratkinson
Mon Jan 14, 2019 12:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 428
Views: 251735

Re: Suggestions for the Wiki

+1. Thanks.
by dratkinson
Sun Jan 13, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: How do you manage credit card use with monthly budget
Replies: 37
Views: 2328

Re: How do you manage credit card use with monthly budget

The short answer. If you keep more than one month of living expense in checking, then you should never need to worry about your normal monthly checking balance. You may be over-thinking this. --Keep 2-months of living expense in checking, plus enough to cover the minimum balance requirement to avoid...
by dratkinson
Sun Jan 13, 2019 4:29 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 70
Views: 4352

Re: How do I stop jeans from ripping in the thighs?

Try to avoid situations that upset you. For example, stop watching the market news, Lou Ferrigno.
by dratkinson
Fri Jan 11, 2019 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: HELP Wash Sale Idiot - Anything I can do?
Replies: 12
Views: 988

Re: HELP Wash Sale Idiot - Anything I can do?

There is a mechanical step we can take to help us idiot-proof our TLHing. What? Own only unique investments in our taxable account. By that I mean, nothing we own in taxable is duplicated in our tax-advantaged accounts. So if we own VTI in our taxable-advantaged accounts, then own S&P500 index (VFIN...
by dratkinson
Fri Jan 11, 2019 5:18 pm
Forum: Investing - Theory, News & General
Topic: Public Service Credit Union (PSCU) of Colorado is trying Reverse Tier Savings to attract new deposits
Replies: 16
Views: 2523

Old CU rate remains. New CU name.

One year update. Old CU rate. December 2018 statement says " Annual % Yield Earned Ending 12/31/2018 : 3.240% ". (Didn't check other tier rates.) Quibble. Advertised rate was to be 3.25% APY, but this is what I've seen. Dec 2017, 3.23% APY Mar 2018, 3.24% APY Jun 2018, 3.24% APY Sep 2018, 3.24% APY ...
by dratkinson
Thu Jan 10, 2019 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: 8 year old investing help
Replies: 36
Views: 2789

Re: 8 year old investing help

Take a look at http://irakids.com/ (not a secure site. Lots of good ideas there. Most interesting! The magic happens when the tax forms are completed to document the child's self-employment earned income (babysitting, lawn mowing, lemonade stand,...). This is what authorizes the child's Roth IRA co...
by dratkinson
Wed Jan 09, 2019 6:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 428
Views: 251735

Roth IRA for kids.

I looked but did not find a Wiki page on this topic. Would it be a good idea to include a "Roth IRA for Kids" page in the Wiki? I ask because in the current topic "8 year old investing help", https://www.bogleheads.org/forum/viewtopic.php?f=1&t=267082 , a dad describes how he created a Roth IRA for ...
by dratkinson
Tue Jan 08, 2019 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: 8 year old investing help
Replies: 36
Views: 2789

Re: 8 year old investing help

Thanks to everyone for the feedback. It's been a fun process to talk through with my son. Here's what we ended up doing... My son ended up making $202 from his mistletoe sales. We also gave him some birthday $ from family members over the years that we had been holding for him. He had a total of $6...
by dratkinson
Mon Jan 07, 2019 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Redemption fee applied when converting from Admiral shares to ETF?
Replies: 4
Views: 268

Re: Redemption fee applied when converting from Admiral shares to ETF?

Call Vanguard to double-check, but.... Recall reading a "conversion" is not a "redemption"; meaning no redemption fee should apply. Since a conversion is not a redemption---you didn't sell---so it's also a non-taxable event; meaning you don't owe tax to convert. Disclosure. I've never gone the "mutu...
by dratkinson
Sat Jan 05, 2019 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: HY Muni fund in taxable?
Replies: 11
Views: 823

Re: HY Muni fund in taxable?

While the right hand giveth (muni tax benefit), the left hand taketh (AMT exposure). Recall HY munis have an AMT exposure. Recall Vanguard's was ~20%. (Haven't looked recently.) See past discussion, "Best tools to understand AMT?": https://www.bogleheads.org/forum/viewtopic.php?f=2&t=161847 See two ...
by dratkinson
Fri Jan 04, 2019 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Thank You, Introduction, and ???'s
Replies: 9
Views: 854

Re: Thank You, Introduction, and ???'s

Money is fungible. --Your daughters don't care where they get the money---$1 from mom or dad is exactly the same. --Mom and dad don't care where they get the money---2% from savings or CC is exactly the same. Credit card cashback. You can bump up the apparent interest you earn on your EFs---emergen...
by dratkinson
Fri Jan 04, 2019 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Deposit Slips Incorrectly Fitting into Their Postage Paid Envelopes
Replies: 17
Views: 1298

Re: Vanguard Deposit Slips Incorrectly Fitting into Their Postage Paid Envelopes

Sound like OP's mobile deposit app is the safest way to go, and much faster than a mailed check. But.... Another option if you want to continue using the mail. You should be able to use Word to duplicate the address information, with ZIP bar code, in the correct location on a blank page. Then print,...
by dratkinson
Wed Jan 02, 2019 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Check-up
Replies: 10
Views: 721

Re: Portfolio Check-up

Please consider editing your OP (original post, original posters) to restructure your information into the formal requested in the sticky "Asking Portfolio Questions". Why? --It gives us more information about your situation (tax brackets, emergency funds,...), --so we know what you have in your 457...
by dratkinson
Wed Jan 02, 2019 7:58 am
Forum: Investing - Help with Personal Investments
Topic: I just started to realize how important it is to manage the finances
Replies: 9
Views: 1626

Re: I just started to realize how important it is to manage the finances

Order of importance. --Don't waste money. Do this by learning the expenses to avoid---identified in recommended personal finance books. --Save as much as you can. In the beginning, this is more important than your actual investing for retirement. In your case, just put it in the bank to build up a ...
by dratkinson
Wed Jan 02, 2019 7:27 am
Forum: Personal Consumer Issues
Topic: keeping warm in outside windy, freezing temperature and also inside office
Replies: 35
Views: 2172

Re: keeping warm in outside windy, freezing temperature and also inside office

In a former life, worked the graveyard shift outdoors and kept warm wearing wool socks and a snowmobile suit. When I came inside for breaks, unzipped suit so I didn't overheat. (Recall there were zippers on the front, arms, and legs.) When I went home, removed suit and went to class. +1 for wool soc...
by dratkinson
Tue Jan 01, 2019 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Best place to keep track of market
Replies: 24
Views: 1683

Re: Best place to keep track of market

I have never really kept track of the market. Like in December I really did not know about the decline until day later. You know, that could be a healthy thing! Imagine an investing career like a big open water crossing in a boat. If you focus on every single wave, you might get seasick or lose tra...
by dratkinson
Mon Dec 31, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Free Muni Bonds
Replies: 12
Views: 1133

Re: Tax Free Muni Bonds

The short answer. --Just starting out with munis, stick with national muni funds only. Why? Safer. --Assuming you're above the 25% fed tax bracket, then buy VWITX and don't worry about it. The long answer. To venture beyond above, then you must do your due diligence. How? Start by reading both Wiki-...
by dratkinson
Sat Dec 29, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: What is the best return and reliability on a checking account right now?
Replies: 23
Views: 1497

Re: What is the best return and reliability on a checking account right now?

I earn 2%/yr tax-free on my bank/CU checking, savings, mmkt. You can too. How? Simple. Since money is fungible---you don't care who pays you---you can set up your annual bills on ABP (creditor's automatic bill payment plan) and target payment to a 2% cashback CC where you can, or to checking where y...
by dratkinson
Thu Dec 27, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: 96 percent of stocks are no better then TBills
Replies: 51
Views: 8008

Re: Hendrik Bessembinder paper, active over passive?

Active premise sounds simple enough. Just buy the best-performing stock over the upcoming 92 years (=2018-1926). Wonder why no one has thought of this before?
by dratkinson
Thu Dec 27, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Disclosure: My Colorado muni bond fund: WTCOX.
Replies: 8
Views: 1801

Wrap-up of my first TLH of WTCOX.

See My Roundtrip TLHing Timeline , above. I didn't make it back, but am satisfied. 17 Dec (Mon), TLHed VWLUX covered shares. As planned, by phone with CSR. Vanguard's transaction eConfirmation matched my records exactly---correctly listed every share lot sold and provided MOST of the information nee...
by dratkinson
Thu Dec 27, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: State Muni bond funds: Paying taxes when residing in the corresponding state vs. out-of-state
Replies: 12
Views: 670

Re: State Muni bonds: Paying taxes when residing in the corresponding state vs. out-of-state

In another state, a CA muni should be taxed like a national muni fund in another state. But since it's more risky, you'll want to dispose of it as tax-efficiently as possible. While in CA, you probably bought a ST national and LT CA to maximize the instate tax benefit while controlling total duratio...
by dratkinson
Wed Dec 26, 2018 5:17 am
Forum: Investing - Help with Personal Investments
Topic: Advice for "Little Old Lady" revised
Replies: 21
Views: 2627

Re: Advice for "Little Old Lady" revised

BH Advice for "Little Old Lady" revised A couple of ideas come to mind. 1. Reverse mortgage. Since your home is paid for, you should have the option to get a reverse mortgage. My neighbor used a reverse mortgage, and took it as monthly payments to reduce the withdrawal pressure on her other investme...
by dratkinson
Mon Dec 24, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for "Little Old Lady" revised
Replies: 21
Views: 2627

Re: Advice for "Little Old Lady" revised

It would help to have a little more information. --What are your total annual living expenses? --Do you predict any changes to your annual livings expenses? --Do you own your home? --Where are the funds located? In a taxable account? Or in a tax-advantaged account like an IRA? --Are you paying any f...
by dratkinson
Mon Dec 24, 2018 8:13 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 248
Views: 21046

Re: Whose buying today? where's all the "dry powder" folks at? :)

Checked yesterday (Sunday) and noted market closed 3hrs early today (Monday). So set alarm to awaken early. Phone hold time was short. Bought VTSAX with VWLUX TLH proceeds and left over excess cash from not rebalancing at the first of this month. Will see how it goes at next month's rebalancing. I l...
by dratkinson
Sun Dec 23, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Does anyone remember window/DOS batch file scripts?
Replies: 24
Views: 2381

Re: Does anyone remember window/DOS batch file scripts?

OP here. Wow, I am amazed. I would have never thought that there were so many techies (geeks?) on Bogleheads. Thanks to all that responded. I will respond generally now and work my way thru and try to response to all specifically. I realized that I omitted one key bit of information. Some asked the...
by dratkinson
Sat Dec 22, 2018 3:51 am
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 9767

Re: When did the musicians on the titanic realize their fate?

Had to go look. I last bought TSM/TISM in 2012. Since then I've been buying bonds to stay in balance. I notice TSM is ~double what it was when I last bought in 2012. TISM is ~even with 2012. Planning to buy TSM on Monday, and will be satisfied that there's enough international exposure in the embedd...
by dratkinson
Sat Dec 22, 2018 3:29 am
Forum: Investing - Theory, News & General
Topic: 1-yr Emergency Fund
Replies: 10
Views: 1543

Re: 1-yr Emergency Fund

Assuming your are: --Maxing your employer's retirement plan, --Maxing your IRA, --Maxing your HSA, (Do you have a HSA? Yes, then max it.) --And have 1yr EF (in checking, savings, mmkt, CDs, savings bonds,...) Then extend your investing into a taxable by filling your bonds first. Why? They are more s...
by dratkinson
Sat Dec 22, 2018 2:56 am
Forum: Personal Consumer Issues
Topic: Does anyone remember window/DOS batch file scripts?
Replies: 24
Views: 2381

Re: Does anyone remember window/DOS batch file scripts?

That DOS *.bat is more advanced than I've seen before. (I stopped at DOS 5.) Clarification. Don't believe you want to delete duplicate data, believe you want to delete adjacent duplicate data---all duplicates after the first occurrence. Correct? Think I once wrote an Excel macro that deleted duplica...
by dratkinson
Fri Dec 21, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 580
Views: 59784

Re: What frugal thing did you do today?

Nate79 wrote:
Thu Dec 20, 2018 9:34 pm
Biweekly self haircut. So easy and so free.
What do you use?
by dratkinson
Fri Dec 21, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: 8 year old investing help
Replies: 36
Views: 2789

Re: 8 year old investing help

... retire2022 thanks for the info about the Fidelity account. If junior does not have "earned income" then he would need to use a taxable account, not an Individual Retirement Account (IRA). Why? Junior, only "earned income"---income paid to you by an employer, or earned by you as self-employed/re...
by dratkinson
Thu Dec 20, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: 8 year old investing help
Replies: 36
Views: 2789

Re: 8 year old investing help

I would help him open the account and invest. I don't know how to do it, but since there is a book, How a Second Grader Beats Wall Street , it must be possible to do. You'll need a low-cost brokerage, low-fund minimums, and a taxable account. Search forum. Maybe start here. "Brokerage account for ki...
by dratkinson
Thu Dec 20, 2018 5:40 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 248
Views: 21046

Re: Whose buying today? where's all the "dry powder" folks at? :)

Not today. But... I'm near the end of a muni fund TLH round trip: single-state muni-->Vanguard LT national muni, Vanguard LT national muni-->.... Just waiting for funds to settle in bank savings. Now thinking I may change direction and buy stocks on the way back since Vanguard's TSM and TISM (all) g...
by dratkinson
Tue Dec 18, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17078

Re: Mr. Money Mustache, SWR, and equity allocation

... MMM says that a 5% withdrawal rate will last 50+ years. Recall the permanent SWR is reported to be 2.5%-3%. At this rate, withdrawals are offset by distributions + growth. Were I planning for 50+ years of withdrawals, I'd use 2.5%... just to be safe. Better to have it (money in reserve) and not...
by dratkinson
Tue Dec 18, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 580
Views: 59784

Re: What frugal thing did you do today?

Spent $85 on Sears parts to repair my garage door opener drive mechanism and replace rubber donut on snowblower Unitrol disk drive. Installed over the weekend. Noticed phone bill included the message, "Don't pay this bill as it will be paid by ABP against your (2%) CC." Used back of return envelop f...
by dratkinson
Sun Dec 16, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Why I use Roth for bond instead of stock. Please correct me...
Replies: 54
Views: 4447

Re: Why I use Roth for bond instead of stock. Please correct me...

I don't believe a Roth should ever be considered to be a 2nd-tier EF---except for newest, youngest investors, just starting out, and then only temporarily. I believe a Roth should normally be a 4th-tier EF. EF tiers being (and tapped in this order): --1st-tier: Taxable liquidity. Checking, savings, ...
by dratkinson
Fri Dec 14, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a Simple checking account?
Replies: 9
Views: 890

Re: Anyone have a Simple checking account?

Money is fungible. You don't need to chase bank teaser rates when you can get 2% cashback (which is tax-free) from a CC. Simple action steps. --Enroll in creditors' ABP (automatic bill payment) plans to pay your allowed* annual bills by 2% CC. --Pay your monthly CC bill from your existing checking. ...
by dratkinson
Fri Dec 14, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding underpayment penalty
Replies: 22
Views: 2111

Re: Avoiding underpayment penalty

Don't know the answer, but would it work to send in the additional tax due with mailed form 4868 (...extension of time to file)?
by dratkinson
Thu Dec 13, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is it a Five-Twenty-Nine or a Five-Two-Nine Plan
Replies: 29
Views: 1487

Re: Is it a Five-Twenty-Nine or a Five-Two-Nine Plan

profet wrote:
Thu Dec 13, 2018 1:53 pm
Potato, Potato...

That doesn't work nearly as well in text.
In text, I believe it's "Potato, Potahto".

An opposite example is the word "idea". In text, the "r" is silent.
by dratkinson
Tue Dec 11, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-Exempt Bonds for a 22%/24% Marginal Tax Rate?
Replies: 5
Views: 866

Re: Tax-Exempt Bonds for a 22%/24% Marginal Tax Rate?

BH Tax-Exempt Bonds for a 22%/24% Marginal Tax Rate? When I first began here, I was much more conservative while learning. One of the things I've learned is that I can tolerate a little more risk than I first believed. VWLTX/VWLUX. When I went through this exercise while still in the 15% fed tax bra...
by dratkinson
Tue Dec 11, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: TLH when not itemizing
Replies: 6
Views: 840

Re: TLH when not itemizing

sorry - just one more clarification/follow-up question. my understanding is that losses can be used to offset capital gains but not dividend income. after all of your cap gains are offset, then you can use up to $3,000 of losses against any ordinary income including dividends. is that correct ? tha...