Search found 84 matches

by newpup
Tue Oct 29, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 13348

Re: Apple Pay. Does anyone use it?

Love Apple Pay and use it whenever possible. It's incredibly convenient on the watch. My wife said last night she is a huge fan because she doesn't have to haul out her purse and get out her wallet, remove credit card, wait for transaction, return credit card to wallet, return wallet to purse. Quick...
by newpup
Wed Oct 16, 2019 12:22 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 1735

Re: I-bonds with kids

Re. I bonds purchased with a minor as co-owner thereby enabling a work around of the 10k limit per person. I did not know this and I'm surprised I haven't seen this strategy before. I know some have posted putting I bonds in a trust. What is the limit on co-registration? Am I able to buy 10k of I b...
by newpup
Tue Oct 15, 2019 4:37 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 1735

Re: I-bonds with kids

Will this purchase be counted against annual gift limit to your children? Yes- counted against annual gift limit of $15,000 per child per parent. If cash flow were not a limiter, my wife and I could each gift $10,000 in I-bonds and $5,000 in EE bonds to each child each year. Sounds like a fine plan...
by newpup
Mon Oct 14, 2019 9:16 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 1735

Re: I-bonds with kids

whodidntante wrote:
Mon Oct 14, 2019 8:23 pm
As co-owners, what's to stop your kids from redeeming them regardless of what you want?
Not telling them about Treasury Direct...until they’re 45! Mwahahahahahaha!
(Cue lightning bolts and screeching bats)
by newpup
Mon Oct 14, 2019 6:20 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 1735

Re: I-bonds with kids

One possible problem with your plan. If the children are younger than college age, the I bonds could be used tax-free for qualifying educational expenses, but NOT if they're listed as a co-owner. However, they could be listed as the beneficiary and the bonds could then be used for their qualifying ...
by newpup
Mon Oct 14, 2019 5:14 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 1735

I-bonds with kids

Hi all- Since I bond rates may be dropping 11/1, I am considering buying soon. My thought is to buy $30k jointly between 3 children as co-owners, thereby securing an inflation-protected, tax-deferred return of 0.5% + inflation (current total of 1.9%). If I need the cash, I can redeem the bonds. If I...
by newpup
Mon Oct 14, 2019 5:08 pm
Forum: Personal Investments
Topic: Advise on Large cash investment options in current market - Invest in market OR Pay off Mortgage
Replies: 11
Views: 1301

Re: Advise on Large cash investment options in current market - Invest in market OR Pay off Mortgage

I would advise paying off the mortgage. I was in a similar situation and did the same. You just can't find 2.875% guaranteed anywhere in the current environment, and you will sleep like a baby with the mortgage paid off. Use cash flow saved at that point to dollar cost average into your 80/20 target...
by newpup
Thu Aug 29, 2019 1:01 pm
Forum: Personal Investments
Topic: Question about Roth 401K
Replies: 26
Views: 1208

Re: Question about Roth 401K

Good problems to have! Check if your 401k allows for in-plan Roth conversions. This is a great perk that may allow you to time the market and pick favorable dates to pay for your pre-tax contributions, particularly if you hold equities in your 401k. Asset location becomes important in this situation...
by newpup
Wed Jul 17, 2019 12:45 pm
Forum: Investing - Theory, News & General
Topic: Total Stock (US and Intl): Fidelity ZERO vs Vanguard
Replies: 63
Views: 6078

Re: Total Stock (US and Intl): Fidelity ZERO vs Vanguard

Pick your brokerage and then pick your fund (except that no one should prefer FZROX in a taxable account).
Could someone please explain this parenthetical? Is FZROX significantly less tax efficient than VTSAX?
by newpup
Wed Apr 03, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 7536

Re: Boglehead teachers or those married to one: some questions about career and life...

Teacher's spouse here. Please be aware that due to the Government Pension Offset, your spouse may have a substantial reduction OR ELIMINATION of all spousal social security benefits. Please see the following: The nitty-gritty of the Government Pension Offset (GPO) is simple. If you meet both of requ...
by newpup
Sat Dec 15, 2018 7:11 pm
Forum: Personal Investments
Topic: TIPS 5-yr December vs 10-yr January
Replies: 1
Views: 329

TIPS 5-yr December vs 10-yr January

Hi all- Quick question- the 5 yr. TIP will re-open on Thursday 12/20 with a real yield of approximately 0.625%. Per the yield curve published by Treasury, current real yield (12/14/18) at 5 yrs. was 1.13% and for 10 yrs. 1.07%. I had been planning to buy the 5 yr. TIP but am now wondering if I shoul...
by newpup
Tue Sep 25, 2018 3:07 pm
Forum: Personal Investments
Topic: Early mortgage payoff- a hoax?
Replies: 11
Views: 1753

Re: Early mortgage payoff- a hoax?

Thanks for the replies. I knew I was missing something! :D
by newpup
Tue Sep 25, 2018 1:17 pm
Forum: Personal Investments
Topic: Early mortgage payoff- a hoax?
Replies: 11
Views: 1753

Early mortgage payoff- a hoax?

I had a thought about early mortgage payoff: loan amortization is structured such that most of the interest is paid early, and later payments are mostly principal. So if my mortgage rate is 3%, my return on early payoff is not really 3%, but will vary depending on when it is repaid. If I am 10 years...
by newpup
Mon Apr 30, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 exchange - a twist
Replies: 2
Views: 509

Re: 1031 exchange - a twist

You need to have rented your first property for over a year in order to effect a 1031 on that end, which it sounds like you have. I'm not sure the NYC property will qualify if it is where you intend to live. Will you have a primary address elsewhere? I like the idea, but am afraid that by making the...
by newpup
Mon Mar 05, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 8296

Re: Donations to your enrolled public school

At least $4000/yr. for 3 students between the local educational foundation and PTA. We live in an expensive district and do what we can to keep the schools well-funded. Public schools that can demonstrate high standardized test scores keep home values high, deservedly or not. This is our rationaliza...
by newpup
Sun Nov 05, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding the lifetime gift tax exemption
Replies: 12
Views: 1889

Re: Understanding the lifetime gift tax exemption

For 2017 the Generation Skipping Transfer Tax is equal to the lifetime exemption, meaning that you have the ability to transfer up to $5.49 MM/person to your grandchildren without any tax implication. There is no separate limit for grandchildren- all gifts will count against the lifetime exemption. ...
by newpup
Fri Apr 03, 2015 12:35 pm
Forum: Personal Consumer Issues
Topic: Will you buy an Apple Watch?
Replies: 456
Views: 74509

Re: Will you buy an Apple Watch?

Of course I will buy an Apple Watch! Happily addicted to Apple products, and eager to see this next idea come to fruition. I was originally a naysayer, but $350 is worth the price of admission. Looking forward to summoning my Tesla or Uber taxi. I hope to buy a leather jacket. Will likely need a new...
by newpup
Thu Jan 22, 2015 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Living Trust Attorney Recommendation
Replies: 16
Views: 1638

Re: SF Bay Area Living Trust Attorney Recommendation

Looking for the same. Please post publicly or PM if you have an excellent reference.

Many thanks.
by newpup
Thu Dec 11, 2014 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Recommendations in SF Bay Area?
Replies: 6
Views: 1199

Re: Estate Planning Recommendations in SF Bay Area?

Looking for the same! Preferably south peninsula (Palo Alto-Sunnyvale) area. Looking for positive experiences on a reasonable fee-for-service basis.
by newpup
Fri Aug 15, 2014 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Roth questions from an MD
Replies: 32
Views: 4670

Re: Roth questions from an MD

I am a California MD in a similar situation. Although we don't know what future tax rates will be, the one constant is change. I have a hard time paying 50% tax now for Roth 401k contributions when I'm not sure where tax rates will be in the future, nor where I will be. California's highest tax brac...
by newpup
Thu Apr 03, 2014 4:24 pm
Forum: Personal Investments
Topic: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 86
Views: 19280

Re: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Will this conference ever convene on the west coast??? Those of us out here would appreciate it! :D
by newpup
Tue Jul 16, 2013 11:26 am
Forum: Personal Investments
Topic: Pay off auto loan or invest in Munis
Replies: 5
Views: 722

Pay off auto loan or invest in Munis

Hi all- I have an auto loan at Pen Fed at 1.49% originated in Dec. 2012 which I could now pay off. Should I do that, or invest in Vanguard California intermediate muni (VCADX) yielding 2.42%? I have been keeping a lot of dry powder waiting for a stock market correction, and shockingly my market timi...
by newpup
Mon Mar 11, 2013 5:24 pm
Forum: Personal Investments
Topic: How should I unwind Morgan Stanley broker's investments?
Replies: 2
Views: 653

How should I unwind Morgan Stanley broker's investments?

Confession: I decided to try active management. Conclusion after one year: Stick with index funds! :oops: I've transferred my Roth IRA and my wife's Roth IRA, and my taxable brokerage accounts out of Morgan Stanley and back to WellsTrade, and need to untangle the web of investments they've put me in...
by newpup
Thu Dec 13, 2012 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed auto loan at 1.49%
Replies: 29
Views: 2716

Re: PenFed auto loan at 1.49%

Yes, you can... The money just has to be traced to the investment. So supposing I get a check from PenFed for $70,000- should I ask them to make it out to me or my broker instead of to Tesla? I'm just not clear on the mechanics of getting this done if I did want to invest the money and pay cash for...
by newpup
Thu Dec 13, 2012 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed auto loan at 1.49%
Replies: 29
Views: 2716

Re: PenFed auto loan at 1.49%

Rainier wrote:Pay for the car in cash.

Then separately take the loan and invest it. You can take an "investment interest" deduction if you do this properly.
Sounds great, but how do I go about doing this using an auto loan? The loan is made with the car as collateral, right?
by newpup
Thu Dec 13, 2012 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed auto loan at 1.49%
Replies: 29
Views: 2716

Re: PenFed auto loan at 1.49%

moneywise3 wrote:Life is easier with one less loan. Unless that 20k loan is a big % of your total assets, it is not worth it.
The loan would be $70k, and I would set it up with automatic monthly payments. It is a small % of total assets, but the hassle would be minimal.
by newpup
Thu Dec 13, 2012 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed auto loan at 1.49%
Replies: 29
Views: 2716

Re: PenFed auto loan at 1.49%

Not sure where you live, but Vanguard New York Tax Exempt has a yield right now of 1.65%. I'd probably put the cash in the TSM, I don't think it's unreasonable to assume better than 1.49% CAGR over 5 years. I'm in California, and Vanguard's Intermediate-Term Tax Exempt Admiral Fund currently yields...
by newpup
Thu Dec 13, 2012 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed auto loan at 1.49%
Replies: 29
Views: 2716

Re: PenFed auto loan at 1.49%

Watty wrote:What are you going to invest the money in?
I have a 15 year fixed mortgage at 3.0% which would be a better risk-free investment, even at top tax levels.
by newpup
Thu Dec 13, 2012 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed auto loan at 1.49%
Replies: 29
Views: 2716

PenFed auto loan at 1.49%

Hello all- I am in the process of buying a Tesla Model S. I could pay for this in cash, but am considering taking a loan from PenFed at 1.49% for 60 mos. I am guessing that inflation will be at least at that level on average over the next 5 years, making this essentially free money (in real terms). ...
by newpup
Thu May 31, 2012 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life for estate tax payment
Replies: 44
Views: 2672

Re: Whole life for estate tax payment

IMHO, the key issue here is not whether life insurance is a good solution to pay federal estate taxes. The key issue stems from the fact that the people who may have this problem are not interested in having their son and his life insurance agent take over their estate planning and sell insurance w...
by newpup
Wed May 30, 2012 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life for estate tax payment
Replies: 44
Views: 2672

Re: Whole life for estate tax payment

You want them to sell the land now piece by piece, so it seems you don't care about keeping the land for future generations. Your biggest concern is that you get a huge tax bill when they die, and you will be forced to sell the land right then (at who knows what price) to pay the tax man. But the l...
by newpup
Wed May 30, 2012 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life for estate tax payment
Replies: 44
Views: 2672

Re: Whole life for estate tax payment

Maybe said in a different way I TOTALLY AGREE. I can't believe the OP thinks it is okay to come up with the "best" financial plans by discussing your parents finances with a FA that is not even involved with your parents. Your parents are not interested in your ideas of "estate planning" and you an...
by newpup
Tue May 29, 2012 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life for estate tax payment
Replies: 44
Views: 2672

Re: Whole life for estate tax payment

If you can get them to a top notch estate planning attorney. Right now, it sounds like they are not too interested in financial advice from you or the insurance agent/financial planner. After many years of discussion, they have set up an A/B trust with a third-rate estate attorney. They have proven...
by newpup
Tue May 29, 2012 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life for estate tax payment
Replies: 44
Views: 2672

Re: Whole life for estate tax payment

Are you planning on saving the land for future generations for some reason, or are you going to sell it anyway when they die? How much are the premiums? They must be huge... What's the life expectency of a 76-year old couple? Looks like there is a 10% chance one is still alive in 22 years. 20% chan...
by newpup
Tue May 29, 2012 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life for estate tax payment
Replies: 44
Views: 2672

Re: Whole life for estate tax payment

If life insurance is used, look for a last-to-die Universal Life policy with guaranteed death benefit and premium till death. Second, it only makes sense for premiums to come out of the parents estate vs. you paying for it. The policy I'm looking at has premiums til age 100, and guaranteed payout r...
by newpup
Tue May 29, 2012 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life for estate tax payment
Replies: 44
Views: 2672

Re: Whole life for estate tax payment

Other non real-estate assets total less than $1 million.
by newpup
Tue May 29, 2012 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life for estate tax payment
Replies: 44
Views: 2672

Re: Whole life for estate tax payment

JDCPAEsq wrote: Have the estate taxes in the surviving parent's estate been estimated in the $5 million range?
John
Yes. $5 million is the current estimate, although the land value may appreciate; it is in a desirable area which has been resistant to the recent real estate drop.
by newpup
Tue May 29, 2012 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life for estate tax payment
Replies: 44
Views: 2672

Whole life for estate tax payment

Hello all- A financial advisor has suggested I purchase a second-to-die whole life policy on my parents in order to pay anticipated estate taxes. They are currently both 76. The policy costs $137,000 annually for a $5 million policy. Although I would love it if they would place such a policy in an i...
by newpup
Mon Feb 27, 2012 12:25 pm
Forum: Personal Investments
Topic: Asset location: small cap vs. large, international
Replies: 4
Views: 860

Re: Asset location: small cap vs. large, international

Thanks Landy-

Would VTSAX or VTIAX make more sense than the tax-managed funds? I understand that the internaional tax-managed fund is Euro-Pacific only. I would like to minimize current income.
by newpup
Mon Feb 27, 2012 9:46 am
Forum: Personal Investments
Topic: Asset location: small cap vs. large, international
Replies: 4
Views: 860

Asset location: small cap vs. large, international

Hello all- I understand from the wiki that for optimal asset location, an investor should prefer large v. small cap stocks in taxable accounts, all things being equal. My 401k gives me access to these institutional funds, which have low expense ratios: Vanguard Institutional Index (VINIX): E.R.=0.04...
by newpup
Tue Feb 14, 2012 5:40 pm
Forum: Personal Investments
Topic: What should I ask a fee-only financial planner?
Replies: 6
Views: 722

Re: What should I ask a fee-only financial planner?

If things go well, I would take this person on as my financial advisor. As a follow-up question: he charges an annual fee of $600, but $1200 for the first year since much of the planning happens then. Fee is independent of assets "under advisement." Is that reasonable?
by newpup
Tue Feb 14, 2012 5:11 pm
Forum: Personal Investments
Topic: What should I ask a fee-only financial planner?
Replies: 6
Views: 722

What should I ask a fee-only financial planner?

Hi all- Meeting with a fee-only financial planner tomorrow for the first time. Up to this point I've done all my own financial management and taxes (thanks, Turbotax), but the numbers are getting larger (thanks, Bogleheads), and I want to make sure I'm not making major errors. What questions should ...
by newpup
Fri Nov 18, 2011 2:30 pm
Forum: Personal Investments
Topic: Deferred gift annuities
Replies: 7
Views: 766

Re: Deferred gift annuities

When you compared with USAA, were you comparing your deferred annuity with an immediate annuity, so USAA came out worse? I compared the charitable gift annuity with a deferred USAA annuity, with the same beginning payout date/age, and the USAA agent suggested that the charitable gift annuity rate w...
by newpup
Thu Nov 17, 2011 6:20 pm
Forum: Personal Investments
Topic: Deferred gift annuities
Replies: 7
Views: 766

Re: Deferred gift annuities

Thanks Christine. Frankly I'm not sure how to calculate the ROI on this investment. Expected inflation and life expectancy would be factors. My sense from these types of things is that a better return could be obtained investing in other ways, but is that always the case? I called USAA to get a comp...
by newpup
Thu Nov 17, 2011 12:23 am
Forum: Personal Investments
Topic: Deferred gift annuities
Replies: 7
Views: 766

Re: Deferred gift annuities

Thanks for the reply. The $869 is only part of the payout- that portion is tax-free, and the remaining $1377 is taxed as ordinary income. I'm in the 35% federal, 9.3% state tax bracket. Also, the immediate investment is closer to $18114 after the tax deduction and the $1k credit card rebate if I hav...
by newpup
Wed Nov 16, 2011 6:50 pm
Forum: Personal Investments
Topic: Deferred gift annuities
Replies: 7
Views: 766

Deferred gift annuities

Hello all- I have an opportunity to give a deferred gift annuity to my alma mater, with the following terms: Donation: $20,000 at age 41 Payout: $2246 per year beginning at age 65, continuing until death, $869.28 of which is tax-free for the first 20 years Charitable deduction: $2000 They accept cre...
by newpup
Sun Oct 30, 2011 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Rebate Tax question...
Replies: 4
Views: 994

Re: Social Security Rebate Tax question...

Just found this on the IRS website: Medical Resident FICA Refund Claims: Taxability of Refund to Individual Recipient Is my refund taxable? Your refund will include your share of the FICA taxes plus interest. The refunded FICA taxes are not taxable; however, the interest portion of the refund is tax...
by newpup
Sat Oct 29, 2011 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Rebate Tax question...
Replies: 4
Views: 994

Social Security Rebate Tax question...

Hi all- I was a medical resident about a decade ago, and am benefitting from a lawsuit challenging whether residents are students and therefore exempt from Social Security/FICA taxes, or hospital employees and subject to them. To make a long story short, I'm finally receiving refund checks for previ...
by newpup
Mon Sep 12, 2011 1:55 pm
Forum: Personal Investments
Topic: Anyone with Fidelity BrokerageLink Experience?
Replies: 31
Views: 39989

Unallocated brokeragelink funds go into a Fidelity money market fund. You shouldn't have a problem moving all your 401k funds and future contributions to brokeragelink, and should be able to make the changes online.
by newpup
Wed Aug 31, 2011 5:50 pm
Forum: Investing - Theory, News & General
Topic: I bonds
Replies: 38
Views: 6242

Does it make more sense to first use tax-deferred space for fixed-income holdings, or may I consider I-bonds as additional tax-deferred space? :?