Search found 196 matches

by blastoff
Sun Aug 12, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 5804

Re: how much car can we afford?

Assuming you save a good amount per year (maybe you inherited 3 million and spend more than you make!) AND would like the car (you're not just an indifferent car person trying to fit in) then buy it.

You can easily afford.
by blastoff
Fri Aug 10, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Piano Tuning - Cost and Recommendations
Replies: 9
Views: 743

Re: Piano Tuning - Cost and Recommendations

If University, could ask music school too.
by blastoff
Mon Jul 23, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: Sail boat budget
Replies: 13
Views: 1925

Re: Sail boat budget

Others have chimed in with cost. Serious racing will blow through money. And depends how much work you want to do. Painting bottom isn't hard. Some boat ideas. Beneteau first 10r isn't horrible deal if like assyn. J109 may be within reach and has a nice class. Benetaue 36.7 and 40.7 also have many b...
by blastoff
Tue Jul 17, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 6895

Re: Families - What's your total annual credit card spend?

Just me. 8-10k. Most all expenses less housing.
by blastoff
Fri Jun 29, 2018 7:03 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey against index funds?
Replies: 57
Views: 5872

Re: Dave Ramsey against index funds?

If you lose 100% of your money the first year and then make a 124 % return in the second year Dave says you made 12%/year. I say you have no money. As an aside, and similar to the mathematical irrationality of the snowball method, sometimes I wonder if claiming 12% encourages people to save which mi...
by blastoff
Mon Jun 25, 2018 6:55 am
Forum: Investing - Help with Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 68
Views: 5261

Re: "Never time the market" vs. lump sum investment

You could do something like invest half right now and then dollar cost average the rest.

There's no need to make it complicated, but if it helps in execution, then it can be worth it.

Whatever you decide I strongly advocate writing down what you are going to do now - before you do it.
by blastoff
Thu Jun 21, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Bar Mitzvah Money Investing Ideas
Replies: 21
Views: 1930

Re: Bar Mitzvah Money Investing Ideas

What is tax loss harvesting going to do?
by blastoff
Wed Apr 11, 2018 6:46 am
Forum: Investing - Theory, News & General
Topic: Hopefully Simple Form 1116 question
Replies: 4
Views: 301

Hopefully Simple Form 1116 question

Hi All. I have a question about Form 1116, Part 1, 3E. This is "gross income from all sources". The question is, what amount goes here? I assumed this was AGI from a 1040. But I used turbo tax this year to check my taxes and it lists a considerably smaller amount than my AGI. (I don't need the super...
by blastoff
Sun Apr 01, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Investing Very Small Amounts Daily
Replies: 22
Views: 3385

Re: Investing Very Small Amounts Daily

If it helps you invest, sure.

Otherwise I wouldn't worry about it.
by blastoff
Thu Mar 29, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity 4-in-one
Replies: 9
Views: 1450

Re: Fidelity 4-in-one

It's good. I use it. Particularly good for fidelity IRAs when starting out and fairly small amounts invested. I could probably save a little money using individual funds. But given they've reduced fees, it's such a minor saving that I haven't bothered. Of course, as others point out, don't use it if...
by blastoff
Wed Mar 21, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Moved at New Year to New State: Taxes and Moving Expense Tax Year
Replies: 3
Views: 347

Re: Moved at New Year to New State: Taxes and Moving Expense Tax Year

If you arrived at your new home on January 1, your new state probably considers you a resident as of January 1. You would file a full-year return for your old state for 2017, and your new state for 2018. Check the actual definitions; if your new state considers you a resident as of December 31, 201...
by blastoff
Sun Mar 18, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house 2018 vs other ways to spend money
Replies: 12
Views: 1356

Re: Buying a house 2018 vs other ways to spend money

You have a lot of loans, but your income and saving seems strong as well. You also seem to have the saving and delayed gratification personality. Assuming your jobs and income are stable, I say buy a house if you want. Wait a year or two if it makes you feel better. Don't get too excited with big bo...
by blastoff
Sun Mar 18, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 17909

Re: Bought house six months ago - now feeling like we're treading water and can't save money

Regarding charitable contributions: The spirit of my comment is to view them for what they are.

Charitable contributions are charitable contributions. They aren't taxes.

You shouldn't try to reduce your charitable contributions by contributing more to a 401k.
by blastoff
Sun Mar 18, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 17909

Re: Bought house six months ago - now feeling like we're treading water and can't save money

Drop the charitable donations. No :) Then increase the charitable donation? Or, is $400 the absolute perfect amount? It seems to me like this is a case of 10% of net pay. As food for thought, how much would the original poster feel like they should contribute if they had a syper generous pension at...
by blastoff
Sun Mar 18, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Moved at New Year to New State: Taxes and Moving Expense Tax Year
Replies: 3
Views: 347

Moved at New Year to New State: Taxes and Moving Expense Tax Year

Hi All, I moved to a new state for a new job. Old job ended Dec 31 2017 (paid through Dec 31). New Job started first week Jan. Paid rent in old state through Dec 31. Paid rent in new state starting Jan 1 2018. Technically moved over Dec 30 - Jan 1 Period. Two questions: 1. I believe I only have to f...
by blastoff
Tue Mar 13, 2018 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for 88 year old Grandmother
Replies: 13
Views: 1604

Re: Investment advice for 88 year old Grandmother

Could she be a candidate for some kind of annuity?

Not sure if they sell them to people that old but if you're fairly confident she's going to continue to defy the actuarial tables it could be in your interest.
by blastoff
Sun Feb 04, 2018 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Need some advice on my financial situation
Replies: 21
Views: 1627

Re: Need some advice on my financial situation

Agree with others. I would avoid a 1 hour commute.

If you made 50k and this would really make a difference I might consider it.

Perhaps there is a compromise in location (closer than 1 hour) or a non driving (good public transit?) commute?
by blastoff
Thu Feb 01, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Fund 2017 Roth IRA or pay off truck?
Replies: 30
Views: 1872

Re: Fund 2017 Roth IRA or pay off truck?

Do you need the truck?
by blastoff
Wed Jan 31, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to park cash
Replies: 32
Views: 3481

Re: Best place to park cash

petras52 wrote: ↑
Wed Jan 31, 2018 1:54 pm
Capital One 360 money market is paying around 1.3% for balances above $10K..don't know if you need to have a credit card with them first...
1.4%
by blastoff
Tue Jan 30, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Contributing more than earned income to Roth 401(k) + IRA
Replies: 5
Views: 561

Re: Contributing more than earned income to Roth 401(k) + IRA

I'm also interested in the answer to this. Thanks for asking. I would assume the answer is the same whether a roth 401k or roth 403b.
by blastoff
Wed Jan 03, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Effects of extreme cold weather
Replies: 107
Views: 10865

Re: Effects of extreme cold weather

Wheb you blink and your eyelids feel like they get stuck closed.
by blastoff
Mon Dec 25, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 8020

Re: manual car for new teen driver

looking for a car for a soon to be new teen driver. should be safe in crash testing and avoidance; reliable; and - this is the kicker - a stick shift. looking used and under $10k would be great but could go higher. most of the manuals are small cars. are there any larger and/or safer manual transmi...
by blastoff
Sat Dec 23, 2017 5:00 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice ~ Retiring Georgia Teacher
Replies: 9
Views: 1422

Re: Portfolio Advice ~ Retiring Georgia Teacher

First, congratulations! How much is social security? Between pension and that, you might be very close to your $6000 estimated living expense. For the rentals, you probably have a good idea of how risky they are and how much work. I guess I would think about how long you want to own them. 10 years p...
by blastoff
Wed Dec 20, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: 401a Roll Over Options
Replies: 1
Views: 379

401a Roll Over Options

Hi All. I will soon have access to a 401a among several employer provided retirement options (others are mice of DB/DC). I think the 401a will be most beneficial to me given time frame at employer, provided other considerations aren't detrimental. My question surrounds what the options are for a 401...
by blastoff
Wed Dec 20, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 250
Views: 39149

Re: Fidelity free Turbotax

Is this offer transient or is it up for months?

Basically, if getting a new computer soon... can wait and download later?
by blastoff
Wed Dec 20, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: 100% equity folks- holding any cash/bonds now?
Replies: 50
Views: 5135

Re: 100% equity folks- holding any cash/bonds now?

I get nervous when people use the word "powder". But, 90/10 returns, or even 80/20 for that matter, are not that different than 100/0. If it makes you feel good to make a change and it's relatively small in magnitude then it is OK in principal. The danger is it getting out of control and you start t...
by blastoff
Wed Dec 20, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Repair car or time for new (used) car?
Replies: 26
Views: 1798

Re: Repair car or time for new (used) car?

If you like the car, I don't see anything wrong with keeping it.

Not sure of the nature of the oil use, but you could try a high mileage oil. You will probably want to run that for the rest of the life of the vehicle if you go do that route.
by blastoff
Tue Dec 19, 2017 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Vanguard Target Retirement fund 2035 to 2020
Replies: 14
Views: 1759

Re: Moving Vanguard Target Retirement fund 2035 to 2020

I would think about what allocation you want, how long money will last, if it will outlive you, etc. Just picking a date isn't bad that matches isn't bad. But they are generally designed for more traditional retirement timeframes. Thanks s not to say it's wrong, or bad, but a little thinking about a...
by blastoff
Tue Dec 19, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Mentally loosening the strings
Replies: 36
Views: 4182

Re: Mentally loosening the strings

While Dave Ramsey doesn't have very good investment advice and is best served for fixing people who have a lot of credit card debt, I think he does get some of the psychology of it all. If you search on YouTube you can find a video or two of people who have saved all their life and are having troubl...
by blastoff
Mon Dec 18, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: very basic earned income and roth limits question
Replies: 4
Views: 549

Re: very basic earned income and roth limits question

Thanks. That clarifies! For some reason it just feels odd to potentially contribute more after-tax income then one actually has in after-tax income. But, the law is quite clear and thanks for confirming and clarifying! I may be close to such a situation. Taxable account large, income is not. Transfe...
by blastoff
Mon Dec 18, 2017 8:17 am
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 132
Views: 13003

Re: Best 401k Employer Match Structure

Make the terms at least competitive and with good fund choices.

Some kind of structure that encourages most to participate might wind up being most beneficial to all.
by blastoff
Mon Dec 18, 2017 8:08 am
Forum: Investing - Theory, News & General
Topic: very basic earned income and roth limits question
Replies: 4
Views: 549

very basic earned income and roth limits question

Hi All, I have what I think is a really simple question, but I just wanted to make sure I was understanding correctly. For the sake of example: Assume I make 23.5k in 2017. Also assume this is a taxed "w-2" money. Assume that after state and FICA taxes I take home 18k (i know these taxes are unreaso...
by blastoff
Thu Dec 14, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: total contribution limit question (401a 403b 457b IRA)
Replies: 5
Views: 957

Re: total contribution limit question (401a 403b 457b IRA)

Even though you have optional selections for the 401a plan. Once the selection is made these employee contributions are most likely considered mandatory employee contributions and are not considered employee deferrals. Therefore, they do not prevent you from making 403b employee deferrals up to the...
by blastoff
Wed Dec 13, 2017 10:56 pm
Forum: Investing - Theory, News & General
Topic: total contribution limit question (401a 403b 457b IRA)
Replies: 5
Views: 957

total contribution limit question (401a 403b 457b IRA)

New job with a new employer in 2018 (current job ends before new year) University job (public). My understanding from plan documents and HR is that I: Have access to 403b. Have access to 457b. Employer contributes 8% to 401a if employee contributes 5% (one choice among several DC/DB options). My und...
by blastoff
Wed Dec 13, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: 2015 and newer Suburban/Yukon XL Owners
Replies: 8
Views: 836

Re: 2015 and newer Suburban/Yukon XL Owners

My dad likes good mpgs. He'd be last person to buy a V8 SUV. He reserved a rental minivan to cart people and stuff for 1600 mile round trip for work. Rental place only had suburban, so that's what he got. While most might be happy at this change, he didn't want to get 14 mog the whole way and would ...
by blastoff
Wed Dec 13, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Sinking fund for dream cars
Replies: 23
Views: 1895

Re: Sinking fund for dream cars

Out of curiosity, used or new landcruiser? I know some get into the old ones.
by blastoff
Wed Dec 13, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Where do I put 50k I don't need?
Replies: 25
Views: 3232

Re: Where do I put 50k I don't need?

Buying a separate fund might help your mind keep the allocation to frivolous. I like simplicity and value holding few funds. But I know me, and I know if I put 50k into index funds I already owned, I'd be less likely to spend it in future if I wanted to. (vs say, checking my frivolous mutual fund va...
by blastoff
Tue Dec 12, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 156
Views: 18970

Re: What to do after losing $117k in stock market?

Yes, I feel like the biggest idiot especially in this bull market. I only started investing 3 years ago and got involved in high risk stocks (oil and biotech). Made some really bad picks and took a massive lost. I try to ignore thinking about how much I've lost because I feel ashamed and embarrasse...
by blastoff
Sun Dec 10, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down loans or invest
Replies: 14
Views: 1365

Re: Pay down loans or invest

How much do you save per year?

If it's something like 40-50k (possible with your income) and in future years 401k limits will be in your way, i say you do both. You could do both and knock out the loans in 3-4 years.

If you have problems saving, then fix that.
by blastoff
Sun Dec 10, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate between 401k with expensive fees + Vangaurd
Replies: 48
Views: 3592

Re: How to allocate between 401k with expensive fees + Vangaurd

Your options are great. Many people would be elated to have options half as good as yours.

Who cares if they add 1000 fund options with 4% expense ratios as long as they have what you want?
by blastoff
Sun Dec 10, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Tool to Model Cost Basis before you sell?
Replies: 7
Views: 533

Re: Fidelity Tool to Model Cost Basis before you sell?

It should tell you exactly. Look for "tax lots" listed under the specific position.
by blastoff
Sun Dec 10, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 6435

Re: Can we afford to live on one income?

Some comments: Your child care option might skew things from what others have assumed. It appears to be a tremendous deal. You will pay a lower effective tax rate, so not sure if your paycheck math is correct. Could be even more in your favor. Salary trajectories? What does yours look like? I assume...
by blastoff
Thu Dec 07, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting
Replies: 6
Views: 844

Re: Tax Gain Harvesting

Didn't read the link, but just walk through the qualified dividends and capital gains worksheet.

Basically, you just subtract standard deduction and personal exemption(s) from W2/other income and the difference between that and top of 15% bracket is free LTCG space.
by blastoff
Thu Dec 07, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 54
Views: 4346

Re: Should I file taxes w/o her?

Find someone with a lot of debt and no income and they might decrease your taxes :)
by blastoff
Thu Dec 07, 2017 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Young Investor - Add to company 457(b) or begin a Roth?
Replies: 6
Views: 577

Re: Young Investor - Add to company 457(b) or begin a Roth?

I assume you are referring to a pre-tax ("traditional") 457b?

Not sure of your income, but if 457b contributions could get you to 15% bracket, that could be a consideration.
by blastoff
Wed Dec 06, 2017 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: 18 Year old Wants To Start Investing in Roth IRA
Replies: 5
Views: 736

Re: 18 Year Old Wants To Start Investing In Roth IRA

Could have them post here if they are interested. They might really enjoy it.
by blastoff
Wed Dec 06, 2017 3:13 am
Forum: Investing - Help with Personal Investments
Topic: Making Best Use of Being in 15% Income Tax Bracket This Year
Replies: 22
Views: 3320

Re: Making Best Use of Being in 15% Income Tax Bracket This Year

Take advantage of 0% space as others have already agreed with.

Also,.check to see if you have access to any 403b or 457. It's possible. Not sure how big taxable account is, but could be another way to contribute more.
by blastoff
Mon Dec 04, 2017 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA 2018 Contribution
Replies: 15
Views: 2643

Re: ROTH IRA 2018 Contribution

regarding cap gains - am i taxed simply for having a taxable account or is that only applicable when i sell off shares short term = held less than a year; income tax rate long term = year +; 15% tax i view my taxable account as one of my retirement vehicles so just wanna make sure i'm not missing o...