Search found 133 matches

by inittowinit
Mon Jun 18, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 55
Views: 5922

Re: Do you cancel old credit cards?

I keep most non-AF cards. I downgrade AF cards to non-AF versions when possible if I cannot justify the ongoing AF (i.e., I just got the card for the signup bonus). I retain some AF cards with high quality perks. I currently have the following AF cards: Chase Southwest Premier (6k annual point bonus...
by inittowinit
Wed Jun 13, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 9394

Re: Getting killed on taxes - any ideas?

R2D2 wrote:
Wed Jun 13, 2018 12:49 pm
The hostility and self-righteousness in the responses is very disappointing. So are the excuses given for it.
Agreed.

OP, here is a thread that contains resources you might find of use:

viewtopic.php?p=3155#3155
by inittowinit
Mon Jun 04, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 18449

Re: Top Shelf Liquor Overrated?

I am willing to pay the premium for top shelf single malt scotch (Caol Ila, Lgavulin, Talisker, etc.). For bourbon and most other whiskey I do not notice enough of a difference between mid- and top-shelf to pay the extra money. One exception is Johnnie Walker Black, which continues to hit my sweet s...
by inittowinit
Fri Jun 01, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: AADvantage Aviator RedWorld Elite MC
Replies: 8
Views: 663

Re: AADvantage Aviator RedWorld Elite MC

b) there is no limit on the number of times you can earn the signup bonus for this card. As such, you can "churn" the card quickly to earn a lot of miles fast. You sure that's true for the Barclay version? Certainly is for the Citi AA card, but I thought Barclay is much stingier. Yes, at least as o...
by inittowinit
Fri Jun 01, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: AADvantage Aviator RedWorld Elite MC
Replies: 8
Views: 663

Re: AADvantage Aviator RedWorld Elite MC

I found the best aspects of this offer to be that a) the card has no minimum spend, and b) there is no limit on the number of times you can earn the signup bonus for this card. As such, you can "churn" the card quickly to earn a lot of miles fast. I earned the 60,000 signup bonus three times in 2017...
by inittowinit
Thu May 24, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Late 20's small business owner looking for career change
Replies: 13
Views: 1252

Re: Late 20's small business owner looking for career change

This is very cool to read. I'm also in my late 20's and pivoting to a career in financial planning (currently a management consultant). My strategy is to pass the Certified Financial Planner (CFP) exam (in the process of fulfilling the education requirements). Still unsure whether I will try to star...
by inittowinit
Wed May 16, 2018 12:14 pm
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 140
Views: 13728

Re: The front page is ugly

I disagree w/ OP. The home page serves its purpose perfectly. Change nothing plz.
by inittowinit
Sun May 13, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: How to Exchange Funds in Roth IRA w/o penalty
Replies: 4
Views: 400

Re: How to Exchange Funds in Roth IRA w/o penalty

Just exchange the funds. As long as they remain inside the Roth IRA no tax or penalty is incurred. I do exactly what you are proposing at vanguard multiple times a year.
by inittowinit
Thu May 10, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: LT Muni Bonds: buy and sell anytime? Rookie.
Replies: 11
Views: 915

Re: LT Muni Bonds: buy and sell anytime? Rookie.

A bond fund can be sold on any day the market is open. However, you might lose a substantial amount of money by investing in long term municipal bonds. Losses will occur if the yield to maturity of similar bonds rises, by defaults, and due to poor liquidity of the underlying bonds in times of crisi...
by inittowinit
Thu May 10, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Vanguard Account Total Bond Market vs Municipal Bonds for 24% tax bracket
Replies: 10
Views: 1028

Re: Taxable Vanguard Account Total Bond Market vs Municipal Bonds for 24% tax bracket

You can do the math to determine the "equivalent taxable yield" of a muni fund. The equation is: Equivalent Taxable Yield = Tax-Free Muni Bond Yield / (1 - Marginal Tax Bracket) Make sure to use your combined state and federal marginal rate (if applicable). Knowing the Equivalent Taxable Yield enabl...
by inittowinit
Wed May 09, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: <Future> Marketable Skills
Replies: 17
Views: 1640

Re: <Future> Marketable Skills

livesoft wrote:
Wed May 09, 2018 4:10 pm
Managing other people will never go out of style.

+1

Effective management techniques hold their value quite well, as long as you can find an employer willing to recognize them and compensate you accordingly.
by inittowinit
Thu Apr 12, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 41481

Re: Name something you bought that wasn't cheap and glad you did

MacBook Pro

Bought it ~8 years ago while in college. Replaced the hard drive with a SSD, replaced the battery, and upgraded the RAM a couple years ago (total cost ~$250). Still runs like new.
by inittowinit
Thu Apr 12, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 11993

Re: Wanting to leave Fidelity

What specific aspects of the service are you hoping to improve? Different companies have different strengths and weaknesses. Before blindly moving to Vanguard, it would be prudent to lay out the services you specifically value. You've implied some of them in your OP, but you may want to take a few m...
by inittowinit
Tue Apr 10, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: I'm thinking about annuities. Tell me if this makes sense.
Replies: 10
Views: 1283

Re: I'm thinking about annuities. Tell me if this makes sense.

I'm sorry for your loss. I agree this plan seems reasonable on its face, especially considering you are only annuitizing ~20% of your assets. It sounds like this plan could meet your needs and reduce your exposure to market volatility (which will likely be good for your health!). Also agree that you...
by inittowinit
Tue Apr 10, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Alternative website for those in lower tax brackets?
Replies: 59
Views: 6162

Re: Alternative website for those in lower tax brackets?

vtMaps wrote:
Tue Apr 10, 2018 11:21 am
One of the most important things I have learned here is how to be in a lower tax bracket. Many folks could pay less tax if they were to follow the tips and tricks I have learned here. I like being in a lower bracket :beer
Amen!
by inittowinit
Wed Apr 04, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: How Scalabale is the 3/4 Fund portfolio?
Replies: 38
Views: 3350

Re: How Scalabale is the 3/4 Fund portfolio?

One's goals would likely shift once such portfolio sizes are reached, such that alternative investment approaches might become preferable. It all depends on one's goals though. For individuals trying to generate a certain annual income amount for a given, finite period of time, I can't foresee many ...
by inittowinit
Wed Apr 04, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor fees? Am I paying too much?
Replies: 54
Views: 5337

Re: Financial Advisor fees? Am I paying too much?

Even in the professional financial adviser space, 1.55% is a high fee. Appropriate benchmarks for this portfolio would be the S&P 500 or the DJIA. You can get low-fee ETFs that track both these benchmarks: Vanguard's VOO tracks the S&P500 and has an expense ratio of .05%; the SPDR Dow Jones Industri...
by inittowinit
Tue Mar 20, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) vs. Roth IRA
Replies: 24
Views: 1287

Re: Roth 401(k) vs. Roth IRA

JR0, 1) You should never contribute to Roth 401K. Roth IRA is a good idea. 2) Trad. 401K and Roth IRA is the correct combination. KlangFool Thanks. Why do you say to never contribute to a roth 401k? I'm trying to figure out whether to make a contribution to a roth 401k or roth IRA. Assuming you're ...
by inittowinit
Tue Mar 20, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) vs. Roth IRA
Replies: 24
Views: 1287

Re: Roth 401(k) vs. Roth IRA

2) Trad. 401K and Roth IRA is the correct combination. Why not traditional IRA? I prefer to lock in deductions now at high marginal rates (~30% state + federal). When I withdraw taxes will begin at a much lower marginal rate (assume no tax law changes), which means a lower effective tax rate over m...
by inittowinit
Tue Mar 20, 2018 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) vs. Roth IRA
Replies: 24
Views: 1287

Re: Roth 401(k) vs. Roth IRA

2) Trad. 401K and Roth IRA is the correct combination. Why not traditional IRA? I prefer to lock in deductions now at high marginal rates (~30% state + federal). When I withdraw taxes will begin at a much lower marginal rate (assume no tax law changes), which means a lower effective tax rate over m...
by inittowinit
Mon Mar 19, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 34504

Re: Those with high savings rate: why?

I am relatively young (<30) with a long investing time horizon. I save 50% of gross pretax income in order to maximize compound interest's magic. This should allow me to either become financially independent and retire early (if I so choose), or to reduce the need to save in future years thus allowi...
by inittowinit
Mon Mar 19, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: How seriously do you take emergency fund advice?
Replies: 29
Views: 2010

Re: How seriously do you take emergency fund advice?

Listen to KlangFool, he is speaking with wisdom. Is there a chance you will end up a few hundred or thousand dollars ahead by paying off the student loans now? Sure. Is that worth exposing yourself and your children to significant, quality-of-life altering risks such as job loss without an emergency...
by inittowinit
Wed Mar 14, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Filed 2017 taxes electonically for FREE
Replies: 46
Views: 5428

Re: Filed 2017 taxes electonically for FREE

I used H&R Block's free version available through IRS E-file website for 2017 taxes. I was able to submit federal and state (CA) for free -- already received my direct deposit refunds! Went through the whole process and found out they did not support form 1116 (foreign tax credit) which apparently ...
by inittowinit
Mon Mar 12, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Filed 2017 taxes electonically for FREE
Replies: 46
Views: 5428

Re: Filed 2017 taxes electonically for FREE

I used H&R Block's free version available through IRS E-file website for 2017 taxes. I was able to submit federal and state (CA) for free -- already received my direct deposit refunds!
by inittowinit
Sun Mar 11, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: Are Health Savings Accounts (HSA) that require a minimum balance before investing worth it?
Replies: 39
Views: 3762

Re: Are Health Savings Accounts (HSA) that require a minimum balance before investing worth it?

Yes, but there don't seem to be many account administrators that allow you to invest 100% of HSA funds. Looks like Lively is one potential low-fee option: https://www.bogleheads.org/forum/viewtopic.php?t=233372 If you search past forum posts for "hsa administrator" you will find many threads discuss...
by inittowinit
Tue Mar 06, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Brand New Boglehead-er with a crazy idea
Replies: 20
Views: 3463

Re: Brand New Boglehead-er with a crazy idea

I'm based in the East Bay and would be happy to at least help you think things through and possibly help you identify some fee-only planners who might be willing to work with you. Feel free to PM me.
by inittowinit
Tue Feb 27, 2018 12:04 am
Forum: Local Chapters and Bogleheads Community
Topic: Nisiprius at 35,000 posts
Replies: 60
Views: 6068

Re: Nisiprius at 35,000 posts

While we have never met nor spoken directly, I consider Nisiprius a mentor. Since I began reading this forum in my early 20s I have read hundreds (thousands?) of his incredibly thoughtful and well-reasoned posts, and do not think I would have the same critical thinking skills I do today were it not ...
by inittowinit
Sun Feb 18, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Pre- vs post-tax saving: Am I thinking it wrong?
Replies: 25
Views: 2000

Re: Pre- vs post-tax saving: Am I thinking it wrong?

Since discussion of this topic (Roth vs traditional) necessarily entails at least some minor speculation about future tax rate changes, it may also be worth considering the scenario, however unlikely, where a future tax is levied on Roth account withdrawals. I won't go any further than that since I ...
by inittowinit
Fri Feb 16, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Just finished reading "Bogleheads Guide To Investing" and ready to start asking 101 level questions :)
Replies: 15
Views: 1638

Re: Just finished reading "Bogleheads Guide To Investing" and ready to start asking 101 level questions :)

Seconding use of the Boglehead wiki as a good resource. You will likely find answers to many of your "101" level questions in there, since it has been built by people who were used to being asked those exact same questions.
by inittowinit
Thu Jan 25, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: High Yield Savings Account Recommendations?
Replies: 48
Views: 5454

Re: High Yield Savings Account Recommendations?

I too endorse the Vanguard prime mm fund, if you are okay going without FDIC insurance. I kept our emergency cash there from 1982 until 2009 when yields went to nothing. I switched then to American Express Bank. Lately I have gone back to VG. It seems their rate increases have been a step ahead of ...
by inittowinit
Tue Jan 23, 2018 8:26 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 105
Views: 12735

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

I have a different opinion which I haven't heard mentioned--tho its been implied in a lot of posts here. I think a lot of the new posters (like me) are not proponents of the Bogelhead philosophy. So I don't feel comfortable even commenting on MFs or ETFs. ... ---What I think Bogelheads should do is...
by inittowinit
Thu Jan 11, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 84
Views: 6099

Re: Poll: BHs who rent - what % of gross do you spend on rent?

10.5%

I'm in a VHCOL area but have lucked into cheap housing.
by inittowinit
Wed Jan 10, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: When the rubber hits the road [Progressive Dementia thread with merged updates]
Replies: 108
Views: 9837

Re: The reality hits - my dementia update

Thanks for sharing with us about your struggle. I realize I have never heard directly from someone with dementia about their own condition before. I found your words enlightening and thought-provoking.

Wishing you well.
by inittowinit
Wed Jan 10, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 34127

Re: Anyone tired of the stock market going up?

My portfolio generates about the same income from interest and dividends all the time (and maybe goes up gradually) regardless of the market value of the underlying securities. That's what the portfolio is for, generating income. So I rationalize that I can happily ignore the market, up or down. Ed...
by inittowinit
Tue Jan 09, 2018 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 34127

Re: Anyone tired of the stock market going up?

My portfolio generates about the same income from interest and dividends all the time (and maybe goes up gradually) regardless of the market value of the underlying securities. That's what the portfolio is for, generating income. So I rationalize that I can happily ignore the market, up or down. Ed...
by inittowinit
Fri Dec 15, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: 28 Years Old: In the current market, what % into bonds?
Replies: 56
Views: 4680

Re: 28 Years Old: In the current market, what % into bonds?

Piling on with another data point. I'm also 28 and the AA of my investable assets is 95/5. If I count the balance in my DB pension account as a bond, I am at 85/15. The correct AA for you is whatever lets you sleep at night while still giving you a decent likelihood of achieving your long-term goals.
by inittowinit
Fri Dec 15, 2017 2:29 am
Forum: Personal Consumer Issues
Topic: To buy or not in the SF Bay Area (yes another one)
Replies: 24
Views: 3136

Re: To buy or not in the SF Bay Area (yes another one)

But we do keep hearing the siren call of buying. What is it that makes buying attractive to you? I live in SFBA and have never entertained the notion of buying a house because the rent/buy calculations in this area clearly favor renting (IMO). In the op’s case this is probably true,but to make that...
by inittowinit
Wed Dec 13, 2017 1:23 pm
Forum: Personal Consumer Issues
Topic: To buy or not in the SF Bay Area (yes another one)
Replies: 24
Views: 3136

Re: To buy or not in the SF Bay Area (yes another one)

Lynx310650 wrote:
Wed Dec 13, 2017 12:38 pm
But we do keep hearing the siren call of buying.
What is it that makes buying attractive to you?

I live in SFBA and have never entertained the notion of buying a house because the rent/buy calculations in this area clearly favor renting (IMO).
by inittowinit
Wed Dec 13, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds in December
Replies: 10
Views: 2539

Re: I-bonds in December

You can make I-bond purchases anytime. The new rates are simply announced in May and November. The important deadline is the end of the calendar year, since there is a limit on the amount you can purchase each year (so you'll want to buy before 1/1/18; takes about 30 seconds via TreasuryDirect). Whe...
by inittowinit
Thu Dec 07, 2017 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 81
Views: 29065

Re: Fidelity charges to close accounts!

I just helped a relative shift $1M+ of assets from Fidelity (stupefyingly complex active management) to Vanguard PAS. Fidelity charged a couple hundred dollars in fees to leave. Well worth it to terminate a predatory business arrangement IMO. Fidelity may offer some cheap index funds, but at heart ...
by inittowinit
Thu Dec 07, 2017 5:05 pm
Forum: Personal Consumer Issues
Topic: Dad Needs Help Buying Wedding Liquor
Replies: 76
Views: 9112

Re: Dad Needs Help Buying Wedding Liquor

surfstar wrote:
Tue Dec 05, 2017 7:18 pm
KIRKLAND

Take money saved and give to the happy couple.

Seriously.

Costco's Kirkland brand liquor is as good as anyone needs, especially when consumed in large amounts at a wedding.
+1

There is no discernible taste difference between the Kirkland staples and the name brand mid-tier stuff.
by inittowinit
Thu Dec 07, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 6780

Re: It's that time of year again... buying christmas gifts

OP, I feel your pain! My "language of love" is acts of service, not materials gifts, so I always feel at a steep emotional and social disadvantage during this time of year. My dad's side of my family loves Christmas and relishes in showering everyone with tons of gifts. My girlfriend and I love spen...
by inittowinit
Thu Dec 07, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 80
Views: 16002

Re: I-Bonds?

I hold 1/3 of my emergency fund in I-bonds and intend to increase that proportion to 50%+ over the next 1-2 years. Tax deferral and inflation protection make them preferable to HY savings and CDs IMO. The drawbacks to account for are the 1-year "lockup" period after purchase, interest penalty for <5...
by inittowinit
Thu Dec 07, 2017 12:58 pm
Forum: Personal Consumer Issues
Topic: Okay come clean....How man people share passwords for streaming services?
Replies: 41
Views: 2057

Re: Okay come clean....How man people share passwords for streaming services?

I and everyone I know shares services such as Netflix, Amazon Prime, Hulu, etc., be it between family members, roommates, or friends.

There may well be a generational gap in terms of what is deemed appropriate (I'm in my late 20s).
by inittowinit
Wed Dec 06, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 81
Views: 29065

Re: Fidelity charges to close accounts!

I just helped a relative shift $1M+ of assets from Fidelity (stupefyingly complex active management) to Vanguard PAS. Fidelity charged a couple hundred dollars in fees to leave. Well worth it to terminate a predatory business arrangement IMO. Fidelity may offer some cheap index funds, but at heart t...
by inittowinit
Wed Dec 06, 2017 1:34 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Bitcoin & It’s Risks
Replies: 57
Views: 6074

Re: Larry Swedroe: Bitcoin & It’s Risks

Why have diamonds sustained such a high value? Because they're beautiful? Cubic Zirconia and synthetic diamonds are basically indistinguishable from real diamonds, yet they're valued much lower. It seems that their value is just as artificial as Bitcoin's, yet they have sustained their value for qu...
by inittowinit
Fri Dec 01, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 9905

Re: Want to sell my Bitcoin, but when?

If your Bitcoin were magically converted into cash today, would you use that cash to buy Bitcoin?

If not, the answer is to sell today.