Search found 637 matches

by dad2000
Thu Aug 02, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: How solid is a Fidelity Score of 111 (4 years out)
Replies: 9
Views: 900

Re: How solid is a Fidelity Score of 111 (4 years out)

It may depend on what your approach to budgeting was. For example, I've built in assumptions that our Social Security benefits will get reduced by 20%, and baked in an extra $30K per year because I don't have LTCI. I see these as reasonable, but some may see this as too cautious. With all of that, a...
by dad2000
Fri Jun 29, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: 2018 BofA Wealth Management survey
Replies: 1
Views: 532

2018 BofA Wealth Management survey

https://ustrustaem.fs.ml.com/content/dam/ust/articles/pdf/insights-on-wealth-and-worth-2018/Detailed_Findings.pdf I'm not posting anything actionable here, but this is a detailed survey of HNW (defined as >$3M investable assets) individuals. Some of you may find items of interest in here, particuarl...
by dad2000
Tue Jun 26, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Variable Annuity?
Replies: 1
Views: 461

Vanguard Variable Annuity?

I've never been a fan of these, but am finding myself in what may be the narrow case where it may make sense. Me: early 50s, wife: mid 40s, MFJ, and have been in the top federal income tax bracket for many years. So my marginal tax rate on income is 42% (fed+state). A recent windfall (sale of privat...
by dad2000
Tue Jun 12, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 12661

Re: Are you including SS in your planning model? Are the benefits really that high?

Early 50s. I assume that in retirement, we'll be paying $25K per year for health care and receiving 80% of the current projected SS retirement benefits. I'm not sure that it would make sense for me to project more pessimistic conditions. I already use the Fidelity "Significant Below Average" market ...
by dad2000
Tue Jun 12, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 7899

Re: Boring Job

Assuming that you're doing a good job with the current task, can't you volunteer to help with something more challenging?

If not, then I see no problem with leaving. I'm not sure that I'd even wait around to pad the resume, assuming that a better job becomes available to you.
by dad2000
Mon Jun 11, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Retirement plan / AA checkup
Replies: 1
Views: 231

Retirement plan / AA checkup

BASICS: Emergency funds: 12 months of expenses Debt: None, no mortgages or car payments Tax Filing Status: Married Filing Jointly Tax Rate: 37% Federal, 5.1% State (Federal will trend down to 24% over the next 3-5 years) [Corrected tax rates] Age: early 50s, wife late 40s Desired Asset allocation: 5...
by dad2000
Fri Jun 08, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Death - Prediction
Replies: 63
Views: 4389

Re: Death - Prediction

https://www.livingto100.com tells me 103. I have multiple centinarians in my blood lines, so I guess this is a reasonable estimate, but it makes for challenging financial planning. I will do everything I can to not live past the point where I lose my dignity. I'm not planning to leave much behind (o...
by dad2000
Fri Jun 08, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Stuck in Quicksand (Guidance Appreciated)
Replies: 46
Views: 3773

Re: Stuck in Quicksand (Guidance Appreciated)

Health care finance managers can earn $150-$160k. There are online masters degree programs in this field that are relatively inexpensive and far less demanding than b-school or law school.
by dad2000
Fri Jun 08, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Safe harbor on estimated taxes
Replies: 4
Views: 584

Re: Safe harbor on estimated taxes

Thanks everyone.

This hardly seems to reflect the IRS stance that we are a "pay-as-you-go" system, but I'll take it. I can safely get nearly 2% on this for a year, which is hardly chump change.
by dad2000
Fri Jun 08, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: long term care insurance
Replies: 113
Views: 6494

Re: long term care insurance

I don't think a lot has changed since this was written: https://www.kitces.com/blog/can-increasing-the-long-term-care-insurance-elimination-period-make-coverage-appealing-again/ Because of the high probability of claims, LTCI is largely just a prepaid plan. I'm in my 50s and can self-insure for seve...
by dad2000
Fri Jun 08, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Safe harbor on estimated taxes
Replies: 4
Views: 584

Safe harbor on estimated taxes

For AGI over >$150K, I believe that the rule says that there will be no penalty if your combined withholdings and estimated taxes paid exceed 110% of the previous years tax liability. So using round numbers, let's say that my tax liability was $150k last year. I've already withheld $200k this year w...
by dad2000
Tue May 01, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: T-mobile military deal for families
Replies: 3
Views: 797

T-mobile military deal for families

https://www.t-mobile.com/offers/military-phone-plans This is a pretty good deal for military and veteran families (assuming the coverage is decent in your area). I finally switched from VZW and cut the bill by half. We now have 5 lines of unlimited talk/text/data for $110/month, and because they ass...
by dad2000
Wed Jan 31, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Doubling of Standard Deduction--Really??
Replies: 56
Views: 7976

Re: Doubling of Standard Deduction--Really??

(unless you have a bunch of kids where the increased child tax credit doesn't make up for the eliminated extra exemptions) The only losers will be those with "dependents" who are not "children" (under 17) because they will lose the exemption, and there is no compensating credit. Or people like me w...
by dad2000
Wed Dec 20, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 65406

Re: Tax Bill Omnibus Thread

How does the 20% deduction for pass-through income interact with AMT? It seems like if you had to add the deduction back in, it would negate the benefit (then again, that seems to be the point of AMT). I haven't been able to find a comprehensive explanation of the pass-through deduction, just some ...
by dad2000
Fri Oct 27, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Storing of important Information - account numbers, SSN, etc...
Replies: 21
Views: 1490

Re: Storing of important Information - account numbers, SSN, etc...

Passwords and such are stored in a password app with the password database stored in a manually mounted Veracrypt volume. It's essentially double encryption, or triple if you count the fact that the entire hard drive is Bitlocker encrypted. Nothing on the cloud. The Veracrypt volume is backed up to ...
by dad2000
Thu Oct 19, 2017 5:15 am
Forum: Investing - Help with Personal Investments
Topic: Question about Personal Capital
Replies: 18
Views: 2765

Re: Question about Personal Capital

I'd say that I receive an average of 2 calls per month to my cell phone. I spoke with them once and told them I wasn't interested in anything else at that time. I've since blocked the number so it goes direct to voicemail.

The investment tracking and retirement planning modules are pretty good.
by dad2000
Wed May 03, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 94
Views: 14716

Re: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg

Blah, blah, blah...

Vanguard Lifestrategy Income is an extremely low risk fund, and it still smoked the fund-of-funds. He can cherry pick all he wants, but he probably loses a 10 year bet to any well-diversified index/allocation fund 95% of the time.
by dad2000
Mon May 01, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: If you had 30,000 dollars to invest in your future, how would you do it?
Replies: 49
Views: 7137

Re: If you had 30,000 dollars to invest in your future, how would you do it?

Agree with previous posters.

Maximize your human capital. Continue your education.
by dad2000
Tue Apr 04, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 159
Views: 22497

Re: Social Security for Millennials

I have a question that I hope is demographic and not political: I'm in Generation X, which is a relatively small generation sandwiched between two huge generations (Baby Boomers and Millennials). If Social Security survives the Baby Boomers, won't it be in pretty good shape for Generation X (becaus...
by dad2000
Fri Mar 31, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 14010

Re: Not opting for 529... anyone else?

I see 529s as mostly benefiting those who are confident that they can max out all other regular tax shelters through their kids childhood, and are still left in a high marginal tax bracket (say 33%+). People in this group probably aren't going to benefit much from filling out FAFSA. I fall into this...
by dad2000
Thu Mar 30, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: reduce workplace tax witholding to afford more retirement contributions
Replies: 10
Views: 854

Re: reduce workplace tax witholding to afford more retirement contributions

I'm not quite sure I understand. Are you switching to a job that does not offer a 401K, so you want to contribute the maximum to your existing before leaving? AFAIK, you typically don't manipulate your 401K contribution by playing around with your federal and state withholding. At my employer, I go ...
by dad2000
Tue Mar 28, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: What's your personal criteria for deciding whether or not to rent a car?
Replies: 105
Views: 7114

Re: What's your personal criteria for deciding whether or not to rent a car?

Only if I needed something bigger that what I own. Most of my car rental calculations revolve around what do if I've flown somewhere. Then I have to weigh public transport/Uber/cab vs rental/parking. But it's not always about the money. For example, driving and parking a car within San Francisco and...
by dad2000
Tue Mar 28, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?
Replies: 33
Views: 3985

Re: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?

Put it into vanguard balanced index, and dont touch it for 40 years, or until you learn about investing for minimum 5 years. Or, put it into total stock market and dont touch it ever. Or invest in yourself - grad school, MBA school, etc. if needed for your career. Lots of nuances but if you put the...
by dad2000
Sat Mar 25, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: planning to visit San Francisco for a short break
Replies: 23
Views: 2449

Re: planning to visit San Francisco for a short break

I got a good deal on the Best Western near Fisherman's Wharf last year. It's a nice place and was reasonably priced. They were very accommodating. Definitely don't drive within the city. I got parking through Parking Panda 2 blocks from the hotel for $20 per night which was worth it. +1 on Muir Wood...
by dad2000
Sat Mar 25, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: "Designing Your "Glide Path"
Replies: 25
Views: 4227

Re: "Designing Your "Glide Path"

I follow the method he titled: Decrease Stocks By Percent of “Enough” Why? Because I could retire today at age 51 using a 3% SWR at a level that most people would deem adequate, and I have zero debt with 2 houses paid off. I don't feel like I have a great need to take risk. I'm at 65/35 and will gli...
by dad2000
Fri Mar 24, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 6773

Re: Are Bogleheads in the minority on the use of investment advisors?

Depends on who you are considering in the study. Based on articles I've seen, more than half of working age Americans don't have $25k saved for retirement, so I'd assume they don't have or need investment advisors. Of the people I know with an investment portfolio of more than $500k, most have inves...
by dad2000
Fri Mar 17, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: Camcorder recommendations
Replies: 45
Views: 3258

Re: Camcorder recommendations

Dead cat cover looks like an ear muff that goes over the microphone. It is a cheap way of filtering out noise. You definitely want the external wireless mic. I don't recommend just setting it on a table. You can get a flexible tripod from Amazon for $10-15 that you can put on a table, or wrap around...
by dad2000
Fri Mar 10, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: y 401k plan was completely overhauled - and I don't like it
Replies: 18
Views: 2483

Re: y 401k plan was completely overhauled - and I don't like it

I'm sure that if you dig a little, you can figure out the AAs of the SSGA Target date funds.

My decision to continue the rollover would be primarily based on the ERs of the new funds. As long as they're 20bp or less, I'd be inclined to let it slide. Otherwise I'd do the IRA.
by dad2000
Fri Mar 10, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund for business - best practice?
Replies: 10
Views: 1299

Re: Emergency fund for business - best practice?

You don't mention what portion of the $20k represents your salaries, but if it's high, and you each already have personal emergency funds, then you could probably do with less.

We have about 2 months in cash, and some lines of credit, but for a larger business.
by dad2000
Thu Mar 02, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: Great Portfolio Analzer
Replies: 16
Views: 2523

Re: Great Portfolio Analzer

(Very helpful if you have lots of individual holdings at different brokerages) capgain22: If that's your situation, read my "Simplicity" link below. Best wishes. Taylor Unfortunately, our tax and legal systems don't allow for simplicity and tax-efficiency. And you can't choose where your employer s...
by dad2000
Wed Feb 22, 2017 4:19 pm
Forum: Personal Consumer Issues
Topic: Best fencing for a dog
Replies: 35
Views: 2890

Re: Best fencing for a dog

I've had both kinds of fences. My climate and back yard sound fairly similar to yours, and my dog (a boxer) is bigger and probably more playful than the doodle. I wouldn't recommend the electric fence. It's more of a deterrent that a barrier, and trenching it in the woods would be difficult if not i...
by dad2000
Fri Feb 17, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone have experience with Fidelity BrokerageLink?
Replies: 14
Views: 4171

Re: Does anyone have experience with Fidelity BrokerageLink?

Don't want to hijack the thread but which funds are commission free? I have heard ishares funds and etfs and commission free on brokeragelink but would like a comprehensive list so I can see what my options are. I would call your 401k provider and ask for details - I would not assume there is a one...
by dad2000
Sat Feb 04, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: Looking for AC or cooled front seats - SUVs
Replies: 18
Views: 14193

Re: Looking for AC or cooled front seats - SUVs

It's mid-sized, and may not technically be an SUV, but the Nissan Murano has optional cooled seats that work quite well.
by dad2000
Fri Jan 13, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 20863

Re: "Millennials may need to double how much they save for retirement"

I read stuff like this all the time. I'm certain that I've saved more than 99% of my age group for retirement, yet many articles or calculators suggest I may come up short. So what does that mean? That 99% of my cohort will be eating cat food? Society will somehow adapt, or life won't be worth living.
by dad2000
Tue Dec 20, 2016 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being too conservative at 65/35?
Replies: 37
Views: 7436

Re: Am I being too conservative at 65/35?

In looking at the last BH Net Worth Survey from 2015, it seemed that our median AA (rounded to the nearest 10%) switched from 70% to 60% at age 53, so a 65/35 AA at your age is very average for a BH. It doesn't mean it's right or wrong for you, but it's definitely not an outlier. I'm about your age ...
by dad2000
Fri Dec 16, 2016 8:35 am
Forum: Personal Consumer Issues
Topic: Cycling power meters
Replies: 23
Views: 2739

Re: Cycling power meters

I'm a middle aged mid-level recreational rider who does a few centuries per year. There's an indoor gym near me with the Stages SC3 bikes, which I believe use the same tech as their outdoor meters. I've used their bikes a few times on trial days to gauge my power. I always warm up for 10 minutes, th...
by dad2000
Wed Dec 14, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Did Intuit ruin Taxcaster?
Replies: 24
Views: 3504

Re: Did Intuit ruin Taxcaster?

Wow, it is awful.

I suppose that they may have been tired of giving it away for free, OTOH having a good calculator could drive more business to Turbotax.

The least they could do is give paying Turbotax customers access to the better calculator.
by dad2000
Tue Dec 13, 2016 11:55 am
Forum: Investing - Help with Personal Investments
Topic: What % of your net income do you save (not including 401k/IRA)
Replies: 59
Views: 6167

Re: What % of your net income do you save (not including 401k/IRA)

I'm not sure how useful this information in a vacuum is, since for families making under $200k, just maxing out 401k/IRA from 2 jobs might be all they need to fund a successful retirement.

We save about 20% of net income. We also max out 401k/IRA/HSA.
by dad2000
Mon Nov 21, 2016 4:57 pm
Forum: Personal Consumer Issues
Topic: Any recommendations on washers and dryers?
Replies: 24
Views: 2397

Re: Any recommendations on washers and dryers?

I replaced my washer dryer set last year. I ordered an inexpensive LG set from Costco. The washer is an HE top loader and it works fine. It uses far less water than my old Maytag did, the clothes do get clean, and I'm not noticing any undue wear and tear. I leave the washer top door partially open w...
by dad2000
Wed Aug 10, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I refinance w/ Aimloan?
Replies: 25
Views: 3166

Re: Should I refinance w/ Aimloan?

I guess experiences vary. Aimloan aka Dovenmuehle was the worst. The origination of my loan with Aimloan was okay, but the servicing was miserable. On two different occasions, they swore up and down that they paid my property taxes but failed to do so. Even after multiple phone calls and letters, it...
by dad2000
Tue Jul 26, 2016 10:27 am
Forum: Personal Consumer Issues
Topic: What is your plan if you lose job tomorrow ??
Replies: 73
Views: 8951

Re: What is your plan if you loose job tomorrow ??

We're both older than 45, which seems to be the point at which finding a new job becomes exceedingly difficult. We both have bachelor's degrees which certainly helps. Just as it's a Boglehead principle to reduce risk in investing by diversifying, we've taken the same approach (diversity) with our jo...
by dad2000
Sun Jul 17, 2016 8:29 am
Forum: Personal Consumer Issues
Topic: Hatchback to match Camry on price/comfort/reliability?
Replies: 42
Views: 4516

Re: Hatchback to match Camry on price/comfort/reliability?

One recommendation is not to get too dazzled by the tech in some of the cars. Some of the manufacturers have gone too far with some of it IMHO. From what I've seen, it's not all reliable, and can become a distraction to your driving. We've been conditioned for so many years to certain things (for ex...
by dad2000
Wed Jul 13, 2016 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Boss cutting salary in response to employee not doing "job"
Replies: 78
Views: 11720

Re: Boss cutting salary in response to employee not doing "job"

It doesn't sound like a great job anyway, so the best thing to do is probably to leave. My only question is about the "fixed salary" comment. Does she work more than 40 hours per week? Based on her job duties, it sounds like she would be classified as a non-exempt employee that should get OT pay if ...
by dad2000
Tue Jul 12, 2016 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Ideal allocation for someone who has reached their "number"
Replies: 38
Views: 5783

Re: Ideal allocation for someone who has reached their "number"

Managing your money can be as hard as earning it. I agree. It was a lot easier when I had little to lose and had many more years of potential income. And the market doesn't seem cheap right now. Though I'm only about 50, I've done well enough that early retirement in the next 3-5 years is a possibi...
by dad2000
Mon Jul 11, 2016 8:37 am
Forum: Personal Consumer Issues
Topic: Email compromised: How serious?
Replies: 45
Views: 5954

Re: Email compromised: How serious?

This is a good site for determining if your usernames or email addresses as username have been compromised in some of the data breaches. If the account username or email address shares a password with other accounts, then you can assume those accounts can also be compromised. https://haveibeenpwned...
by dad2000
Fri Jul 01, 2016 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 33703

Re: Where were you financially when you were at 30?

Things can change a lot between 30 and 50. Only have a B.S. from mid-tier state school, but consider myself intelligent, hard-working, and a little lucky. @30, in 2016 dollars: Single Renting ~$25k in retirement savings No debt Used car worth about $12k Salary: $85k @50, in 2016 dollars: Married wit...
by dad2000
Thu Jun 30, 2016 3:56 pm
Forum: Personal Consumer Issues
Topic: Why is everyone up in arms about Costco's credit transition?
Replies: 65
Views: 7482

Re: Why is everyone up in arms about Costco's credit transition?

The only issue I had with the credit card transition is that my previous statements in PDF format aren't available on the Citi website, and my Amex online account has nothing left in it. I can however download the historical transactions through the Citi site, as they were transferred over. Previou...
by dad2000
Wed Jun 29, 2016 9:55 am
Forum: Personal Consumer Issues
Topic: Why is everyone up in arms about Costco's credit transition?
Replies: 65
Views: 7482

Re: Why is everyone up in arms about Costco's credit transition?

I've only been to Sam's Club a few times, but it was in no way comparable to Costco IMHO. Vastly different merchandise, shopping experience, and benefits IMHO. I don't see Costco losing memberships to Sam's Club in any significant way. As far as the credit transition, I received mailings from Amex, ...
by dad2000
Wed Jun 22, 2016 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Very tough career choice (ego, startup, San Francisco Bay Area)
Replies: 58
Views: 8172

Re: Very tough career choice (ego, startup, San Francisco Bay Area)

I agree with cheese_breath. If they are preparing for a liquidity event, it doesn't surprise me that they'd bring in a few more experienced executives. BTW, as a manager in a similar field, I feel like my skills have deteriorated because I've been doing less technical work. As long as you're compens...