Search found 215 matches

by blastoff
Tue Dec 18, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 300
Views: 42878

Re: Fidelity free Turbotax

Not working for me -My Fidelity status is "Private Client Group" -I see no special link for TT at the bottom of the Fido Portfolio Page -When I click the TT link in Fidelity (under "Accounts and Trade" -->> "Tax Information") I get a "$20 off" offer. -When I go to the TT site via that link it does ...
by blastoff
Tue Dec 18, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 300
Views: 42878

Re: Fidelity free Turbotax

Not working for me -My Fidelity status is "Private Client Group" -I see no special link for TT at the bottom of the Fido Portfolio Page -When I click the TT link in Fidelity (under "Accounts and Trade" -->> "Tax Information") I get a "$20 off" offer. -When I go to the TT site via that link it does ...
by blastoff
Mon Dec 17, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Credit utilization impact on canceling credit cards
Replies: 18
Views: 553

Re: Credit utilization impact on canceling credit cards

I wouldn't be concerned.

But if you are, why not pay off the 7k expenses right now?
by blastoff
Sun Nov 18, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Is my husband ready to quit tenured professorship to pursue side hustle?
Replies: 97
Views: 10395

Re: Is my husband ready to quit tenured professorship to pursue side hustle?

Does he like writing the books? If you could retire and could know right now that the books would cover enough income would you do that?
by blastoff
Tue Nov 13, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: fuel for snowblower
Replies: 97
Views: 5460

Re: fuel for snowblower

I would buy 87 and make sure to add stabil, seafoam or similar.
by blastoff
Sat Nov 03, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4902

Re: Engineering school

For engineering, I believe any State U is a fine choice for an in state student. I'm a Big Ten grad in ChE. Though it's fun to rip on other B10 schools... the truth is I'd hire a grad from any of them for engineering. This. Thermodynamics is Thermodynamics. It's taught the same way at all state sch...
by blastoff
Fri Oct 19, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Finally ready to start investing in RothIRA (23yrs old)
Replies: 34
Views: 2231

Re: Finally ready to start investing in RothIRA (23yrs old)

PhD or masters?

There is a decent chance you'll have some earned income after first year or so if funded off PI grants.

Read about tax GAIN harvesting. If limited Roth or other space, and making 21k, you basically have a Roth in taxable land until you make more money. 0% LTCG. 0%qual div.
by blastoff
Sat Oct 13, 2018 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 17
Views: 2475

Re: What to do with inheritance

I wouldn't go quick in the mortgage. Your rate is good. And looking better by the day. Considering maxing retirement is smart. Just you with 401k? (Wife doesn't have any access as public employee No 403b or 457b?). That could put you near 12% bracket? Agree with others about 529. Don't be in a hurry...
by blastoff
Tue Oct 09, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3084

Re: Calculating amount needed for SS bridge

I am planning to bridge SS from 55 to 70. My SS @ 70 will be $54,000 in 2018 dollars. In my spreadsheet right now, I simply multiply $54,000 x 15 years to get my bridge amount of $810,000. I don't think I understand the point. You cannot collect $54,000 at age 55 (or 62 or 67). Is that the amount o...
by blastoff
Wed Sep 26, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 6184

Re: Oil change interval for low-mileage vehicles

Snowbird here. We lay up two cars for 3 to 5 months at a time. When we drive them we only put about 5k miles per year or less. We change the oil and get them serviced after driving them each year. Then we store them with clean oil. We use a synthetic blend in both. Synthetic "Blend" can be as littl...
by blastoff
Tue Sep 25, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 6184

Re: Oil change interval for low-mileage vehicles

I don't dispute that Ford spends a lot on research. But if you changed your oil, then didn't drive for 6mo, would you change it? Ford says 6mo.... Here is the scenario we are discussing... - I put about 4000 miles a year on it. - Most of that is from short trips, running errands around town. - Manu...
by blastoff
Tue Sep 25, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 6184

Re: Oil change interval for low-mileage vehicles

Agree to follow manual while in warranty. I don't dispute that Ford spends a lot on research. But if you changed your oil, then didn't drive for 6mo, would you change it? Ford says 6mo.... The UOAs also provide insight. Sometimes the manufacturers that spend a lot on research say you should change i...
by blastoff
Tue Sep 25, 2018 6:43 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 89
Views: 6184

Re: Oil change interval for low-mileage vehicles

Definitely not every 3 mo. Do manual rec time of 6mo at a min. (FYI: Manual may have to use cases with separate recommendations) How you drive matters too. If a handful of 1 mile trips per day, I'd say stick close to 6 mo. Not a ton over. If one 75 mile trip per week, stretching to 9mo or more proba...
by blastoff
Thu Sep 20, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3113
Views: 605538

Re: What's Your Credit Card Rewards Strategy?

I'm waffling on which card I should get next. Overall goal is to build up airline points for future travel. Future destinations include Asia and Europe; can't be more specific at this time. At present I have a Chase Southwest RR VISA acquired last year as part of their California resident Companion...
by blastoff
Tue Sep 04, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: How To Invest Windfall When At Market Top
Replies: 26
Views: 4382

Re: How To Invest Windfall When At Market Top

some lump, then DCA (automated if possible) over 12 to 18 months. When there is a bad market in a month double up that month's DCA. I think this is pyschologically good method for many. Whatever you do, write down the plan and commit to it. And don't make it complicated. You can't predict the futur...
by blastoff
Thu Aug 30, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Buying car online?
Replies: 65
Views: 3939

Re: Buying car online?

Is dealer 5 in normal good deal range? Or too good to be true and some.res flags to look for...?
by blastoff
Thu Aug 30, 2018 7:07 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA vs 403(b) Plan
Replies: 7
Views: 796

Re: Roth IRA vs 403(b) Plan

I saved 7-8.5k a year making 25-27k in grad school.

Have a roommate. Wasn't a super low cost area, but not NYC or Bay area either.

I still did stuff.
by blastoff
Sat Aug 25, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7156

Re: Game Changing Inheritance of Stocks! Now what?

If you have 403 and 457 plans that dont stink, I would look into putting as much as possible (near most of salary) into Roth versions of those. Basically, take the taxable money and move to tax free Roth land. As far as owning individual stocks goes, Berkshire is obviously not really an individual ...
by blastoff
Sat Aug 25, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7156

Re: Game Changing Inheritance of Stocks! Now what?

If you have 403 and 457 plans that dont stink, I would look into putting as much as possible (near most of salary) into Roth versions of those. Basically, take the taxable money and move to tax free Roth land. As far as owning individual stocks goes, Berkshire is obviously not really an individual s...
by blastoff
Sun Aug 12, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 6767

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: 11
Views: 1226

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: 2038

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: 7501

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: 6273

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: 5799

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: 2079

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: 338

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: 3699

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: 1633

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: 374

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: 1538

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: 19241

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: 19241

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: 374

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: 1684

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: 1789

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: 1967

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: 3780

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: 666

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: 11244

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: 8406

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: 1514

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: 431

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: 300
Views: 42878

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: 5474

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: 1903

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: 1875

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: 4380

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...