Search found 4552 matches

by inbox788
Wed Feb 21, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Mom with Taxes
Replies: 45
Views: 2168

Re: Helping Mom with Taxes

She does OK using the RMD; she cannot dissolve the trust - it's now for her deceased husband's kids, and not under her control. Sorry, didn't notice the posting about the trust. Really puts a monkey wrench in the situation. It could even complicate trying to get a reverse mortgage if it's in a trus...
by inbox788
Wed Feb 21, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 153
Views: 10152

Re: I'm Cancelling My Home Insurance

We made this decision once we learned that our primary home insurer (Safeco) would extend liability coverage to the second property for a princely sum of $25 per year. This is also then covered by our $2mm umbrella policy. I wouldn't go without liability coverage because there's no way to know the ...
by inbox788
Wed Feb 21, 2018 1:18 am
Forum: Investing - Help with Personal Investments
Topic: Thinking about selling GE to invest in an index fund
Replies: 10
Views: 998

Re: Thinking about selling GE to invest in an index fund

Sell it, don't sell it. It's only 2% of your portfolio.
by inbox788
Tue Feb 20, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 53
Views: 3396

Re: How do I unwind this Wealthfront mess?

Regarding FB, I've read advice to not keep more than 5% in a single company stock. That's a pretty significant sell off. Is there advice on timing this over multiple quarters, or just pull the trigger and do it all at once? That's good advice, but I often ignore good advice, and I'm probably more a...
by inbox788
Tue Feb 20, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 53
Views: 3396

Re: How do I unwind this Wealthfront mess?

It was extremely painful transferring into Vanguard. Comments about their [lack of] customer service are definitely not overstated. Now that I have a complete picture of holdings consolidated I'm trying to figure out what the next steps are. I currently have $148,983.44 of unrealized capital gains ...
by inbox788
Tue Feb 20, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Cut down on retirement savings to build emergency fund
Replies: 20
Views: 1128

Re: Cut down on retirement savings to build emergency fund

JoeRetire wrote:
Tue Feb 20, 2018 9:20 am
eg1 wrote:
Tue Feb 20, 2018 9:10 am
Option 2: Cut back on the Roth for a year or two to build up emergency funds.
This. Having an emergency fund is of primary importance.
What's wrong with both?
https://www.bogleheads.org/wiki/Roth_IR ... gency_fund
by inbox788
Mon Feb 19, 2018 3:40 pm
Forum: Personal Consumer Issues
Topic: $12,000 Refrigerator? [Looking in $7k price range]
Replies: 49
Views: 5324

Re: $12,000 Refrigerator?

I am look at ~ $7k approx for DW, Fridge, Micro, Stove. $7000??? For kitchen appliances??? OK, it keeps the food cold, washes dishes, and cooks (at least 3 different ways)....what is this poor Boglehead missing? [/sarc] (Edit) it is all perspective. You can’t imagine spending $12,000 on a fridge. 9...
by inbox788
Sun Feb 18, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 20
Views: 1492

Re: Convert to ETF (not at Vanguard)

Why would I use a brokerage that doesn't pay transfer bonuses? Simplicity. Adequacy. Laziness. No free lunch. If the lunch isn't free, then why I haven't received the bill? Do you actually have any experience with these brokerages, or just platitudes? Sure, you can game the credit card reward bonus...
by inbox788
Sun Feb 18, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: Cell phone service
Replies: 38
Views: 2450

Re: Cell phone service

Yes - the deals seem to be in the 3, 4 or 5 phone plans. Look for unlimited DATA . OTOH if you don't want to pay for unlimited data, then why pay for it? We average under 1G/mo total for our 2 lines, and have only gone to 2G one time in the past year. The best unlimited data plan we found would cos...
by inbox788
Sun Feb 18, 2018 3:38 am
Forum: Personal Consumer Issues
Topic: Older iPhone slowdowns - tips or considering switching?
Replies: 18
Views: 1130

Re: Older iPhone slowdowns - tips or considering switching?

Iphone 6 is no spring chicken, but it shouldn't be slow. Doesn't sound like a battery or memory problem, so you might try to reset it a few times and see if that helps. Or turn it off and on. Also, give it a few days or a week or so to finish all the updates that might be deferred or optimizations t...
by inbox788
Sat Feb 17, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 20
Views: 1492

Re: Convert to ETF (not at Vanguard)

I'm not sure I made that suggestion, but I do use Vanguard, and you gave a pretty good answer to why one should consider moving to Vanguard. OP, is there a reason you're trying to get away from Vanguard or you're stuck at another brokerage? Why would I use a brokerage that doesn't pay transfer bonu...
by inbox788
Sat Feb 17, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Are we TOO diversified? Time to hire a professional? Who has?
Replies: 14
Views: 1836

Re: Are we TOO diversified? Time to hire a professional? Who has?

I suggest consolidating accounts at Fidelity. Excellent option. Self Non-Retirement Total $226k E-Trade Brokerage (Stock) $145k (Most holdings purchased back in 2007; buy and hold) Vanguard Mutual Fund 8k USAA Mutual Fund 73k Retirement Total $540k Fidelity (401k) $120k (Maxed out annually to $18.5...
by inbox788
Sat Feb 17, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Interactive Broker Insured Bank Deposit Sweep Program
Replies: 1
Views: 174

Interactive Broker Insured Bank Deposit Sweep Program

They have been hounding me with email and messages to sign up, even though I don't have much cash with them. If I'm under $250,000, I assume SIPC coverage is sufficient. Any benefit or harm to having FDIC coverage instead? The Insured Bank Deposit Sweep Program provides up to $2.5 million of Federal...
by inbox788
Sat Feb 17, 2018 2:05 am
Forum: Investing - Help with Personal Investments
Topic: Are we TOO diversified? Time to hire a professional? Who has?
Replies: 14
Views: 1836

Re: Are we TOO diversified? Time to hire a professional? Who has?

There are indications you're not diversified enough (i.e single stocks). Having more accounts doesn't lead to better diversification, and maybe diworsification. https://www.investopedia.com/terms/d/diworsification.asp Yes, consolidate all you can in the tax-advantaged accounts. Be mindful of taxes i...
by inbox788
Sat Feb 17, 2018 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 20
Views: 1492

Re: Convert to ETF (not at Vanguard)

What is the point of suggesting a move to Vanguard? The difference between ETFs and funds at other brokerages is significant. For one, Admiral shares are generally unavailable. The other is transaction fees are significantly different. I'm not sure I made that suggestion, but I do use Vanguard, and...
by inbox788
Fri Feb 16, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 99
Views: 5868

Re: Live / work in California - Technology Career

This report is useful for you and the report came out 2 days ago. https://www.linkedin.com/pulse/announcing-our-third-annual-state-salaries-report-mehul-patel/ Report says Los angeles has the highest salary after adjusting for cost of living for California only. OP, are you awashed with jobs offers...
by inbox788
Fri Feb 16, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 153
Views: 10152

Re: I'm Cancelling My Home Insurance

I read the docs for my umbrella policy, and it is not 100% clear that the policy still holds (with a gap) in the case where you don't have home and/or auto insurance. Unless they explicitly state that it would still hold, I would be afraid that they would use the lack of home or auto as an excuse n...
by inbox788
Fri Feb 16, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: Wheel alignment new tires
Replies: 15
Views: 668

Re: Wheel alignment new tires

We just had to replace the two rear tires on our BMWi3.It has very narrow tires and the rears normally last 18 to 20,000 miles.Question....should you always get a wheel alignment in this situation? A lot of new cars have poor mileage on their tires, especially factory new tires, and yours seems to ...
by inbox788
Fri Feb 16, 2018 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 20
Views: 1492

Re: Convert to ETF (not at Vanguard)

Why bother doing it? I have funds at Vanguard and haven't had a reason. I guess you've missed all the various threads about other brokerages. Lots of people want to use some other custodian besides Vanguard. If you do, then holding ETFs makes a lot of sense. Sorry, I still don't get it. I assumed t...
by inbox788
Fri Feb 16, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 153
Views: 10152

Re: I'm Cancelling My Home Insurance

Who's your umbrella policy with? Did you check with them to see what your rate will be WITHOUT homeowners (if they even allow it). You may save $X per year on your home-owners but than have to pay it for your Umbrella (they may raise your rate due to the increased exposure they take on). My Umbrell...
by inbox788
Fri Feb 16, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 59
Views: 5770

Re: Amazon Alternative

Before I buy ANYTHING online, I check eBay. However, the best practice is to also search the product you want in Google's Shopping tab. There will almost always be a random retailer with a very low price. Works like a charm. Amazon is rarely the cheapest. I disagree with the monopoly comments. It's...
by inbox788
Fri Feb 16, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 153
Views: 10152

Re: I'm Cancelling My Home Insurance

I though homeowners insurance was usually required for umbrella insurance, car insurance too. I'm not able to ascertain this yet. Will talk to my insurance company. TravelforFun This varies with individual companies and policies. Some allow a gap. Don't know if the ones that don't allow a gap will ...
by inbox788
Fri Feb 16, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 153
Views: 10152

Re: I'm Cancelling My Home Insurance

Homeowners insurance is very low risk, low claim. The main reason the cost is so high and so much is sold is that bank that own mortgages don't want to deal with their costs and liabilities, not the home risk. Plus the real estate market is very local and they've offset this cost to the homeowner. I...
by inbox788
Thu Feb 15, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Using multiple asset allocation numbers more appropriate?
Replies: 11
Views: 572

Re: Using multiple asset allocation numbers more appropriate?

You cannot rebalance across accounts (e.g. move money from HSA to 401k). 401k is the largest potential account for most - and that is the account with the least flexibility. You can pick your IRA and HSA - and you should not chose one that only has a single good asset class available. In many cases...
by inbox788
Thu Feb 15, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 20
Views: 1492

Re: Convert to ETF (not at Vanguard)

Why bother doing it? I have funds at Vanguard and haven't had a reason.
by inbox788
Thu Feb 15, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 76
Views: 4246

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

What state? What do you pay for liability? Coverage amount for both?

Should only be 5 or 10% the cost of liability, so unless you're talking about very high coverage amounts, sounds extremely high. Have you shopped around?
by inbox788
Thu Feb 15, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing muni bond funds
Replies: 52
Views: 4433

Re: Choosing muni bond funds

dratkinson wrote:
Mon Feb 12, 2018 6:11 pm
The long answer. You want to learn about munis, pull up a chair.
LOL! Thank you for the dissertation. I've bookmarked the response for when I have a nice comfortable chair.
by inbox788
Thu Feb 15, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Mom with Taxes
Replies: 45
Views: 2168

Re: Helping Mom with Taxes

* Multiple income sources, totalling ~ $24k annually: ... Can it really be that simple? Can I save her $600 a year and do her taxes for her? That's highway robbery! Unless things have changed, just follow what has been done before. If there is opportunity to simplify, do so. The less you have to me...
by inbox788
Thu Feb 15, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 88
Views: 6523

Re: Honda vs. Toyota: Which has more bang for the buck?

Hyundai and Kia are still fighting off a poor past reputation. They are some of the most reliable cars now but their resale still gets hurt because of their past. So they may make a good used car buy, however they may not be the best choice if you are worried about resale. I also hate that their de...
by inbox788
Thu Feb 15, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Friend with extremely high interest credit card debt
Replies: 20
Views: 1493

Re: Friend with extremely high interest credit card debt

I have a friend with $14,000 in credit card debt at extortionate interest rates, like 30%+. She works two jobs and makes $30,000/yr, no kids to worry about, no savings. The root of her problem is she spends too much, which I've tried and will continue to address. But I've avoided credit cards my wh...
by inbox788
Thu Feb 15, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 80
Views: 8729

Re: Can someone help me explain to my wife...?

Her opinion is that we should sell all of our index funds in our Roth IRA, take the profit now in the fund, because surely the bottom will fall out soon. My opinion is that I've always been told to simply contribute the max, do 70/30 for our age range, and then forget about it until age 65. She say...
by inbox788
Thu Feb 15, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: 529 vs. student loans vs. taxable account
Replies: 13
Views: 973

Re: 529 vs. student loans vs. taxable account

What is your AA? How much do you have in tax deferred. Specifically, how much do you have invested in bonds and what is it returning? If you're not 100% equities, I suggest you switch your bonds for student loan. (think if it as lending to yourself) https://www.bogleheads.org/wiki/Paying_down_loans...
by inbox788
Thu Feb 15, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: 529 vs. student loans vs. taxable account
Replies: 13
Views: 973

Re: 529 vs. student loans vs. taxable account

Above that I agree with prioritizing paying down student debt. Too many people still are dealing with this into their 40's and beyond these days. Some people don't believe in loans. I believe in good loans vs. bad loans. I don't believe in free lunches (i.e. zero interest loans are paid for somewhe...
by inbox788
Thu Feb 15, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 88
Views: 6523

Re: Honda vs. Toyota: Which has more bang for the buck?

If you do listen to music in your car more than casually, a CD does sound better (to my ears at least). But it's really inconvenient and ripping your CDs to a SanDisk Low Profile Cruzer thumbdrive (link is at bottom of this post) using a decently high bit-rate will give fine results. Try DBpoweramp...
by inbox788
Thu Feb 15, 2018 3:17 am
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 88
Views: 6523

Re: Honda vs. Toyota: Which has more bang for the buck?

I generally prefer Honda over Toyota, but another thread reminded me about the costly Honda transmission problems some owners have been stuck with, so I'm hesitant to consider them equivalent on reliability. Choose Honda for performance and style, or choose Toyota for quieter ride and reliability. B...
by inbox788
Thu Feb 15, 2018 12:49 am
Forum: Personal Consumer Issues
Topic: Honda vs. Toyota: Which has more bang for the buck?
Replies: 88
Views: 6523

Re: Honda vs. Toyota: Which has more bang for the buck?

I generally prefer Honda over Toyota, but another thread reminded me about the costly Honda transmission problems some owners have been stuck with, so I'm hesitant to consider them equivalent on reliability. Choose Honda for performance and style, or choose Toyota for quieter ride and reliability. B...
by inbox788
Wed Feb 14, 2018 9:46 pm
Forum: Personal Consumer Issues
Topic: Considering Purchasing a 2011 Honda Pilot Touring AWD
Replies: 4
Views: 439

Re: Considering Purchasing a 2011 Honda Pilot Touring AWD

- Styling wont get dated too quickly Great car, but styling is already outdated IMO, unless you're talking about vintage and classic box shaped SUVs. Most new cars have sharp edges and curves these days. https://cars.usnews.com/cars-trucks/best-square-cars https://gearheads.org/33-great-cars-with-b...
by inbox788
Wed Feb 14, 2018 9:26 pm
Forum: Personal Consumer Issues
Topic: 2016 Honda Pilot vs. Kia Sorento vs. RAV4 - Help me pick
Replies: 14
Views: 912

Re: 2016 Honda Pilot vs. Kia Sorento vs. RAV4 - Help me pick

RAV4, well, it's 10k cheaper. Has everything except style, speed and deluxe comfort. You've already got the minivan, so check out the Mazda CX3, Toyota C-HR or Honda HR-V for alternative second vehicles. You might like their price, styling, speed, and if you think they're too small, going back to t...
by inbox788
Wed Feb 14, 2018 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: I didn't tax-loss harvest this month, did you?
Replies: 86
Views: 4887

Re: I didn't tax-loss harvest this month, did you?

I blinked. What happened?

FWIW, I bought some International in January and on the first dip in Feb. That International in Jan was TLH potential, but my Feb purchase makes it a wash sale (or more complicated in tax advantaged accounts), so I'll have to wait it out to see where things are in 30 days.
by inbox788
Tue Feb 13, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6424

Re: Should I claim chapter 7 bankruptcy? debt 110k

https://www.bogleheads.org/forum/viewtopic.php?f=1&t=199102&p=3403547#p3403547 Please see this thread for more context, I knew I recognized the handle. Some progression from the previous threads: Looking for safe ETFs for 200K cash sitting in brokerage accounts. Wed Sep 07, 2016 11:28 pm I decided ...
by inbox788
Tue Feb 13, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6424

Re: Should I claim chapter 7 bankruptcy? debt 110k

Bankruptcy is a part of corporate and personal financial life. It is perfectly legal, with consequences codified in law and also applied by the market. Corporations file bankruptcy all the time. People file for bankruptcy all the time. It is cooked into our financial system and many of the largest ...
by inbox788
Tue Feb 13, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6424

Re: Should I claim chapter 7 bankruptcy? debt 110k

How did you manage to get a margin account with such a risk allowance? Fibbing on the initial brokerage application about your income and assets? I'm guessing the margin is 50%, but the ETF lost 90%. Part of the reforms from the Great Depression was from 90% borrowed money, and even today, you can ...
by inbox788
Tue Feb 13, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6424

Re: Should I claim chapter 7 bankruptcy? debt 110k

Pajamas wrote:
Tue Feb 13, 2018 5:24 pm
At least you didn't wreck your finances by speculating in cryptocurrency. You will have a more interesting story to tell when you are older.
How do you know OP didn't make his fortune (that he lost) on Bitcoin?
by inbox788
Tue Feb 13, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6424

Re: Should I claim chapter 7 bankruptcy? debt 110k

I've lost everything, completely wiped out close to 500k. I never thought something like this would happen, but I knew the risks and even studied them. I have no one to blame but myself here. How did you make $500k? Can you repeat it? If you had credit card debt, you could negotiate it down. Wouldn...
by inbox788
Tue Feb 13, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2526

Re: rmd disaster

I turned 70 1/2 in january but did not take a distribution due to confusion,stupidity.In the cover letter which I got in december, the talk about 30 day deadlines and how they will buy an annuity if they do not get the completed forms in time I called vanguard in december about this but they said i...
by inbox788
Tue Feb 13, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Co-investment with parents and sibling jealosy [Home construction]
Replies: 22
Views: 2179

Re: Co-investment with parents and sibling jealosy

In principle, if this house was built, my wife and I would own a percentage of the house in proportion to how much money we contribute to the construction of the new house. However, when we presented this plan to my wife's siblings, they felt that the arrangement was unfair , even though her siblin...
by inbox788
Tue Feb 13, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: Smartphone or Similar Device Just for Pandora Music?
Replies: 4
Views: 386

Re: Smartphone or Similar Device Just for Pandora Music?

Just spend under $100 and buy a used iPhone 5s. https://swappa.com/buy/apple-iphone-5s You could save a few pennies and get a used 5 or splurge and spend a little over $100 to get a used SE. The latter is generally a good idea, but given your limited needs, seems unnecessary, so you'll have to decide.
by inbox788
Mon Feb 12, 2018 7:42 pm
Forum: Personal Consumer Issues
Topic: USPS Flat Rate Boxes - How do they work?
Replies: 27
Views: 2096

Re: USPS Flat Rate Boxes - How do they work?

One caveat. Always do a reality check to make sure that what you put into the box weighs enough that the flat rate costs less than the usual "weight rate." Yup, those flat rate boxes are best when shipping very heavy items like lead or gold bricks. For typical stuff, it's a toss up between flat rat...
by inbox788
Mon Feb 12, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: M1 Finance - now Free. Great way to rebalance
Replies: 49
Views: 5599

Re: M1 Finance - now Free. Great way to rebalance

The reason I was satisfied with their answers is that I hope they have a sustainable business model, and the lending seems like it might do that without jeopardizing the service investors are asking them to provide. If the money they derive from lending in the back end is the price I pay for a comm...