Search found 2417 matches

by am
Sat Jan 20, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: New tax law and changes to paycheck
Replies: 4
Views: 346

Re: New tax law and changes to paycheck

My understanding is that the tax law will impact paychecks next month. I was looking for a calculator that would estimate the new amount once the changes take effect. This one that I have used in the past does not: https://www.paycheckcity.com/calculator/salary/ Also, will most people need to chang...
by am
Sat Jan 20, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: New tax law and changes to paycheck
Replies: 4
Views: 346

New tax law and changes to paycheck

My understanding is that the tax law will impact paychecks next month. I was looking for a calculator that would estimate the new amount once the changes take effect. This one that I have used in the past does not: https://www.paycheckcity.com/calculator/salary/ Also, will most people need to change...
by am
Fri Jan 19, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: Rebalancing in last 12 months
Replies: 19
Views: 1311

Re: Rebalancing in last 12 months

What does academic literature say on frequency of rebalancing and effect on returns? I remember a fidelity article about best returns being for those who were deceased and didn’t touch their accounts.
by am
Wed Jan 10, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Use HSA money or pay out of pocket?
Replies: 36
Views: 2858

Re: Use HSA money or pay out of pocket?

I’d rather take the tax savings at high bracket and pay expenses now. I don’t want to complicate things with years old receipts. It’s a relatively small amount which shouldn’t matter much.
by am
Fri Jan 05, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Muni Money Market?
Replies: 41
Views: 3292

Re: Why not Muni Money Market?

The Tax exempt muni MM portfolio is almost 100% VRDO (variable rate deposit obligations) which are long term bonds from municipalities where the interest rate changes on a weekly or so basis and the holder has a put option to be able to sell the bond to an underwritir like a Bank or insurance compa...
by am
Fri Jan 05, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Non gov 457b and new tax law. Any changes?
Replies: 0
Views: 123

Non gov 457b and new tax law. Any changes?

My understanding is no, but wanted to check with those who may know more.
by am
Thu Jan 04, 2018 4:11 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 59
Views: 8505

Re: Muni Money Market funds starting to look good!

I am getting tempted to transfer some of my cash stash from amex savings (1.35) to vang munic money market (1.42). At my bracket (32-35) I am looking at an extra 100 bucks. Wondering whether its worth it?
by am
Wed Jan 03, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of new bill on paycheck?
Replies: 18
Views: 2022

Re: Impact of new bill on paycheck?

My check was a bit bigger this coming pay period but not as much as I would think given expected 15k savings. I am assuming checks starting in Feb will be larger.
by am
Wed Jan 03, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: How safe are retirement accounts?
Replies: 19
Views: 1748

Re: How safe are retirement accounts?

Pretax Retirement account withdrawals are taxable. The risk is that tax rates go up. Those that retire in the next 10 years look to be in good shape. If any attempt is made to change Roth IRA tax rules, there will be massive revolt and litigation, as that would be punitive double taxation, since th...
by am
Wed Jan 03, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Online High yield savings account for emergency funds
Replies: 23
Views: 1741

Re: Online High yield savings account for emergency funds

Sab3699 wrote:
Wed Jan 03, 2018 12:50 pm
am wrote:
Wed Jan 03, 2018 12:38 pm
I like amex savings 1.35 and ally. No problems over the years
Great thanks, Do you know if there is a cost with transferring the money over from another checking account (I use Chase)
Not for me and I also use chase.
by am
Wed Jan 03, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Online High yield savings account for emergency funds
Replies: 23
Views: 1741

Re: Online High yield savings account for emergency funds

I like amex savings 1.35 and ally. No problems over the years
by am
Wed Jan 03, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Can’t switch money markets in business account
Replies: 1
Views: 176

Can’t switch money markets in business account

We have a vanguard business account where we currently have the federal mm. We would like to switch to the municipal money market due to high bracket. The system is telling us that the municipal money market is not eligible for this account? Is this worth a call to Vanguard?
by am
Tue Jan 02, 2018 10:38 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 59
Views: 8505

Re: Muni Money Market funds starting to look good!

ZinCO wrote:
Tue Jan 02, 2018 10:27 pm
And today Municipal Money Market (VMSXX) has jumped to 1.40%. Is there a graph anywhere of yield vs time?
That may not be the distribution yield as that is what you get.
by am
Tue Jan 02, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: Talk me out of a 60/40 AA
Replies: 76
Views: 8063

Re: Talk me out of a 60/40 AA

What do bonds protect Against? Short term fluctuations down, not inflation ( assuming not tips), less feelings of loss when market goes down? I never really understood why I hold bonds too much. Losing 500k instead of 630k will hurt bad enough. More efficient portfolio has no practical meaning to me...
by am
Sun Dec 31, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Solo 401k - Contribution Options
Replies: 7
Views: 511

Re: Fidelity Solo 401k - Contribution Options

I have to go to the branch quarterly to deposit checks. Wish you could do it by internet transfer.
by am
Sun Dec 31, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Predictions for 2018 Investments
Replies: 9
Views: 1023

Re: Predictions for 2018 Investments

Why do we like to predict when we all know how worthless it is for the markets?
by am
Sun Dec 31, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 59
Views: 8505

Re: Muni Money Market funds starting to look good!

Hodor wrote:
Sun Dec 31, 2017 2:00 pm
am wrote:
Sun Dec 31, 2017 1:29 pm
For int. Muni, recent distribution yield was 2.7 versus sec yield of 2.09? Can anyone explain?
I think distribution yield can include return of principal, which is not included in SEC yield.
What do mean by return of principal? I thought munis only pay interest?
by am
Sun Dec 31, 2017 1:29 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 59
Views: 8505

Re: Muni Money Market funds starting to look good!

For int. Muni, recent distribution yield was 2.7 versus sec yield of 2.09? Can anyone explain?
by am
Thu Dec 28, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Question about Sunday religious school tuition deduction
Replies: 6
Views: 419

Re: Question about Sunday religious school tuition deduction

Generally, if a charitable organization gives you goods or services in return for a payment, the payment is not deductible. So, I would think neither the tuition nor tutoring fees would qualify as deductible. Why are Temple dues deductible? Aren’t we getting membership and ability to attend religio...
by am
Thu Dec 28, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Question about Sunday religious school tuition deduction
Replies: 6
Views: 419

Question about Sunday religious school tuition deduction

We are trying to save a bit on taxes by prepaying temple dues. Our kids attend Sunday religious school at our temple. We pay for this on top of annual dues for the temple. My understanding is that the Temple dues are tax deductible, but I am not sure about religious school tuition? Also, would tutor...
by am
Sun Dec 24, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard have a way to track outside investments?
Replies: 9
Views: 1387

Re: Does Vanguard have a way to track outside investments?

The portfolio analyzer tool does not analyze outside funds well like Fidelity. It gives me wrong proportions of small, mid large and international.
by am
Sun Dec 24, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of new bill on paycheck?
Replies: 18
Views: 2022

Re: Impact of new bill on paycheck?

You'll be taxed at the current rate. Any differences would be settled at filing time. So at some point, depending on employer, the checks will get larger compared to last year? I am looking at a 15-20k savings based on the new tax laws for the year. Don’t want to give the gov. a big loan for next y...
by am
Sun Dec 24, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of new bill on paycheck?
Replies: 18
Views: 2022

Re: Impact of new bill on paycheck?

Any calculators out there that calculate the impact of the new tax bill on biweekly paycheck? Also, will the changes take effect the first check of Jan? Highly unlikely they will be updated real soon and certainly not for January. It’s dtill unclear how you will even set your W4. So will paycheck a...
by am
Sun Dec 24, 2017 2:08 pm
Forum: Investing - Theory, News & General
Topic: 1st, your education. Then...Location, Location, Location
Replies: 66
Views: 8538

Re: 1st, your education. Then...Location, Location, Location

If you decide to buy a residence, buy one below your means, preferably as cheap as possible in a good school district. A smaller residence has lower taxes, upkeep, cleaning, repairs, easier to payoff, etc. If you have kids one day, you can use the schools which will save a ton.
by am
Sun Dec 24, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of new bill on paycheck?
Replies: 18
Views: 2022

Impact of new bill on paycheck?

Any calculators out there that calculate the impact of the new tax bill on biweekly paycheck? Also, will the changes take effect the first check of Jan?
by am
Sat Dec 23, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I prepay prop. Taxes question?
Replies: 2
Views: 361

Should I prepay prop. Taxes question?

I am using TaxCaster, in the 33% bracket, 30k deductions and 14k exemptions, hit AMT about 6400. When I adjust my prop taxes up to include prepayment for 1/2 of next year, nothing changes except for taxes going down and AMT going up. Essentially even if I add 10k to my prop tax bill, the amount I ow...
by am
Thu Dec 21, 2017 10:47 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 180
Views: 17115

Re: How low will it go? BTC is crashing! (contest)

Seems so wrong to pay thousands for something that has no value, use or future.
by am
Wed Dec 20, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Employer overcontribution to 457b
Replies: 1
Views: 201

Employer overcontribution to 457b

I just saw that my contributions to my non gov 457b went over the 18k limit for the year with the last check by hundreds of dollars. Is this something I should bring to their attention or just let it go?
by am
Mon Dec 18, 2017 9:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard vs Fidelity Total Stock Market Price Movement
Replies: 4
Views: 706

Re: Vanguard vs Fidelity Total Stock Market Price Movement

Did anyone notice how the fidelity total market had short and long term cap gains? Seems like not all index funds are created equal.
by am
Mon Dec 18, 2017 6:50 pm
Forum: Investing - Theory, News & General
Topic: Investing in "Frontier" Markets
Replies: 22
Views: 1625

Re: Investing in "Frontier" Markets

It seems if there ever was an asset class where active managers might excel, it would be in frontier markets. Active managers would be able to avoid the country and sector concentrations that hamper the free-float market cap indexes, plus take advantage of the high dispersion between the best and w...
by am
Mon Dec 18, 2017 6:41 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 180
Views: 17115

Re: Call the top! - Bitcoin

85000. It is a technology. Technologies get superceded, and when it does it will go to 0.00 How about when all the coins are mined? Could it stabilize the price? Maybe bitcoin will be considered a store of value someday whereas one (or multiple) coins would be used as an alternative to local curren...
by am
Mon Dec 18, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Tax Managed Balanced (VTMFX)
Replies: 2
Views: 513

Re: Vanguard Tax Managed Balanced (VTMFX)

I didn’t like the lack of foreign stock exposure. I didn’t like the 50-50 stock bond allocation. I think munis are riskier than treasuries, but much less than stocks. For a high bracket in taxable, I do vxus, vti and int muni (vwiux). Cheaper, I get to choose my own proportions, tax loss harvest, etc.
by am
Mon Dec 18, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 138
Views: 12685

Re: Bitcoin

I agree this investment vehicle is not good. But could it be that we are wrong about bitcoin? How about comparison to the art market: https://www.forbes.com/sites/petertchir/2017/12/16/if-art-isnt-a-bubble-maybe-bitcoin-isnt-either/ To me it screams bubble of epic proportions, but those valuing and ...
by am
Mon Dec 18, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Investing in "Frontier" Markets
Replies: 22
Views: 1625

Re: Investing in "Frontier" Markets

There have been discussions over the last decade about investing in this space here with a lot of data presented.The conclusion was that it is not worth it.
by am
Mon Dec 18, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 138
Views: 12685

Re: Bitcoin

A crypto index fund has arrived: http://www.etf.com/sections/features-and-news/index-investing-comes-cryptocurrencies? Yes I posted about this in another forum. This is not an etf or mutual fund that’s traded on markets but an internal instrument created by this company? Seems like there is potenti...
by am
Sun Dec 17, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin futures with Fidelity
Replies: 25
Views: 2479

Re: Bitcoin futures with Fidelity

How about this, an index fund of crypto?

https://www.bitwiseinvestments.com/
by am
Mon Dec 11, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: best cashback credit card ?
Replies: 47
Views: 3831

Re: best cashback credit card ?

Fidelity no fee visa for 2% on everything.

Chase sapphire reserve for 4.5% on travel and dining (as long as you use the chase portal for booking travel)

Chase freedom for 7.5% back in categories every quarter (as long as you transfer to saphire reserve and use in chase travel portal)
by am
Sun Dec 10, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 820

Re: Recommendation Best fund for retirees in taxable

Illinois, so no state specific funds I am aware of. I could do something like 30% vanguard total world and 70% vanguard intermediate. Muni fund. I wonder if the munis aren’t as diversified and riskier than a mix of treasuries and corporates (such as total bond market)? I think that sounds like a ni...
by am
Sun Dec 10, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 820

Re: Recommendation Best fund for retirees in taxable

Several? Does this mean more than one household? The answer could be different for different families. The answer depends on tax bracket and risk tolerance. For the lower tax brackets, target retirement income would be fine. For the higher tax brackets, not so much. One household. Except the money ...
by am
Sun Dec 10, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 820

Re: Recommendation Best fund for retirees in taxable

Vanguard's Tax Managed Balanced fund, VTMFX, is 50% US stocks and 50% tax exempt bonds might fit. The down side of not holding pure stock funds or pure TE bond funds in a taxable account is you may lose tax loss harvesting possibilities and more difficulty rebalancing. I thought about this fund but...
by am
Sun Dec 10, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 820

Re: Recommendation Best fund for retirees in taxable

I would like a recommendation for a fund for several risk averse retirees in a taxable account. The main goal is for the money (low 6 figures) to keep up with inflation. They are ok with an allocation to stocks. They have no need for this money for anticipated expenses, only potentially for medical...
by am
Sun Dec 10, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 820

Re: Recommendation Best fund for retirees in taxable

I would like a recommendation for a fund for several risk averse retirees in a taxable account. The main goal is for the money (low 6 figures) to keep up with inflation. They are ok with an allocation to stocks. They have no need for this money for anticipated expenses, only potentially for medical...
by am
Sun Dec 10, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 820

Re: Recommendation Best fund for retirees in taxable

Vanguard's Tax Managed Balanced fund, VTMFX, is 50% US stocks and 50% tax exempt bonds might fit. The down side of not holding pure stock funds or pure TE bond funds in a taxable account is you may lose tax loss harvesting possibilities and more difficulty rebalancing. I thought about this fund but...
by am
Sun Dec 10, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 820

Re: Recommendation Best fund for retirees in taxable

I would like a recommendation for a fund for several risk averse retirees in a taxable account. The main goal is for the money (low 6 figures) to keep up with inflation. They are ok with an allocation to stocks. They have no need for this money for anticipated expenses, only potentially for medical...
by am
Sun Dec 10, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 820

Recommendation Best fund for retirees in taxable

I would like a recommendation for a fund for several risk averse retirees in a taxable account. The main goal is for the money (low 6 figures) to keep up with inflation. They are ok with an allocation to stocks. They have no need for this money for anticipated expenses, only potentially for medical ...
by am
Sat Dec 09, 2017 6:18 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin futures - trading them is good?
Replies: 8
Views: 947

Re: Bitcoin futures - trading them is good?

Will some retail products arise out of the futures?

Will litecoin, etherium and others follow on the futures exchange?
by am
Sat Dec 09, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Need help with investing risk averse inlaws money
Replies: 5
Views: 346

Re: Need help with investing risk averse inlaws money

This whole arrangement makes no sense. What is the idea of giving you the money to keep for them? It would seem that if their idea of safe is money market funds, then that is where you should put the money. If the idea is that you are going to "take care" of the money, you are on uncertain ground b...
by am
Sat Dec 09, 2017 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Need help with investing risk averse inlaws money
Replies: 5
Views: 346

Need help with investing risk averse inlaws money

Partner and I will be getting gifts of 56k a year from inlaws until they give us about 500k over the years. They don’t want to file a gift tax return so that is why not at once. This will represent 1/3rd to 1/2 of their estate and represent part of our inheritance. They don’t need the money for thei...
by am
Thu Dec 07, 2017 10:44 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6944

Re: Bitcoin now the largest quantifiable bubble in history?

Seems irrational to me. A code generated coin without intrinsic value, that has little practical use, and is a regulation away from dropping drastically. I have a hard time holding something that I think has no value for the long term. On the other hand, I do have some feelings of fear of missing ou...
by am
Tue Dec 05, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: CBOE to launch bitcoin futures trading on Dec 10, 2017
Replies: 12
Views: 908

Re: CBOE to launch bitcoin futures trading on Dec 10, 2017

not sure if this has been posted (looked for it and didn't see it posted, hard to believe). feel free to merge or delete if it's already been posted. The CBOE is launching bitcoin futures market on Dec 10th (link below). So for those of you who don't want to buy or sell bitcoin, you can instead bet...