Search found 5483 matches

by barnaclebob
Mon Mar 18, 2024 1:12 pm
Forum: Personal Consumer Issues
Topic: Lawn care for first time home buyer
Replies: 33
Views: 1587

Re: Lawn care for first time home buyer

BorqaZ wrote: Mon Mar 18, 2024 12:54 pm
London wrote: Mon Mar 18, 2024 12:45 pm How big is the yard? Driveway? What region?
Zillow says 0.4 acres. We have a two story 3.2k sqft home. I don't know if that is included in the 0.4 acres.

Three car side garage, so relatively longer driveway compared to front driveway.

Trees in the back of the yard.

Midwest IN/OH region.
Zillow should be quoting lot size. Thats not a big yard so you can probably do fine with an electric mower if you don't want to deal with gas.
by barnaclebob
Mon Mar 18, 2024 12:53 pm
Forum: Personal Consumer Issues
Topic: Lawn care for first time home buyer
Replies: 33
Views: 1587

Re: Lawn care for first time home buyer

This is highly dependent on your yard and your physical condition.

For long handled hand tools however, I recommend the Bully Tools brand. They are much more beefy than other brands. I find them at my local dunn lumber but don't know if its my individual store.
by barnaclebob
Fri Mar 15, 2024 5:02 pm
Forum: Personal Consumer Issues
Topic: How to find reasonably priced contractors?
Replies: 30
Views: 3027

Re: How to find reasonably priced contractors?

A cheap contractor can make you wish you picked the most expensive one...
by barnaclebob
Fri Mar 15, 2024 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Older jobless sibling with a daughter and an inheritance - thoughts on managing it
Replies: 31
Views: 2719

Re: Older jobless sibling with a daughter and an inheritance - thoughts on managing it

I mean the only thing they can do is reduce expenses or increase income. Unless they shove it into an annuity theres no real "management" to be done other than basic personal finance.
by barnaclebob
Fri Mar 15, 2024 1:22 pm
Forum: Personal Consumer Issues
Topic: Suggestions for mobile phone plans for a high schooler
Replies: 10
Views: 968

Re: Suggestions for mobile phone plans for a high schooler

123 wrote: Fri Mar 15, 2024 11:40 am
worthit wrote: Fri Mar 15, 2024 10:53 am ...Would like to have parental controls and sort of have the ability to monitor the usage (websites accessed, texts etc.)...
By the time a kid is in high school you have to realize that its past the age for a phone with parental controls. Parental controls can be circumvented. A good option for service is Mint Mobile prepaid. Unlimited talk and text and 5GB of data for $15 monthly if you prepay a year at a time.
This. If kids want to do something they will. Age 15 is too old to be monitoring websites and communication unless you suspect something dangerous.

Be sure to take their bedroom door off its hinges too.
by barnaclebob
Fri Mar 15, 2024 10:02 am
Forum: Investing - Theory, News & General
Topic: Great news! No more [fixed real estate] agent commission
Replies: 163
Views: 15076

Re: Great news! No more agent commission

RJC wrote: Fri Mar 15, 2024 9:59 am Got this from another article:
4. About one million real estate agents could leave the profession.
Are there even 1 million real estate agents? 1 in 300 people?
by barnaclebob
Fri Mar 15, 2024 10:00 am
Forum: Personal Investments
Topic: Anybody have issues with Vanguard Minimum Tax cost basis?t
Replies: 8
Views: 2070

Re: Anybody have issues with Vanguard Minimum Tax cost basis?t

rkhusky wrote: Fri Mar 15, 2024 8:55 am
Used to be that it took a few days for a new cost basis method to take effect. Can you now do it on the fly?
I thought it was just switching to spec ID that took time but could be wrong. Now that I think about it I'm not sure if you can actually change on the fly.
by barnaclebob
Fri Mar 15, 2024 9:58 am
Forum: Personal Consumer Issues
Topic: Deck choices for new build?
Replies: 9
Views: 925

Re: Deck choices for new build?

IMO anyone building a deck today would be crazy to get a wood deck when good composite choices are available unless you want the real wood look and are going to pay to have it refinished often.
by barnaclebob
Thu Mar 14, 2024 5:58 pm
Forum: Personal Consumer Issues
Topic: How good is the level of preventive care in the US at detecting serious issues?
Replies: 3
Views: 559

Re: How good is the level of preventive care in the US at detecting serious issues?

How often did your friends parents go to the doctor prior to this event? Some people don't get their recommended physicals and screenings until they have a scare.

In any case this thread will almost certainly be locked as its going to lead into healthcare advice and isn't really actionable aside from "go see your doctor and ask them what tests they recommend"
by barnaclebob
Thu Mar 14, 2024 5:07 pm
Forum: Personal Consumer Issues
Topic: Navigating Speakers for in home theater
Replies: 41
Views: 2651

Re: Navigating Speakers for in home theater

This will make the audiophiles go nuts but if you don't want to think about it and want a quality product get whatever speakers Klipsch sells in your price range. Will you be getting the absolute best value? Probably not. Is some of the cost going to the name? Probably. But you for sure wont be getting a turd.
by barnaclebob
Thu Mar 14, 2024 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's your primary credit card?
Replies: 117
Views: 10241

Re: What's your primary credit card?

I'll be in the minority but we put everything on the an Alaska Airlines card. We probably spend 50k a year and get maybe 70k miles through various bonuses. That gives me a shot at MVP gold most years with 20k extra EQMs which is worth at least $600 a year in savings on not having to pay for Prem Econ out of pocket. The miles are probably worth about $750+ in airfare.

Then the non spend related perks are free checked bags ~$200 and companion fare ~$700 savings. Subract off the $100 a year fee

Seems like the normal amount of non category cash back is 2% which is worth $1000. I'll keep things simple and have one just one primary card.
by barnaclebob
Thu Mar 14, 2024 1:48 pm
Forum: Personal Consumer Issues
Topic: Need Help Finding a Hobby
Replies: 76
Views: 5997

Re: Need Help Finding a Hobby

My favorite home hobby is woodworking. It needs space and tools. People will say you can do it cheaply but anyone who's telling the truth will say you need a few grand in tools to make life easy.
by barnaclebob
Thu Mar 14, 2024 1:44 pm
Forum: Personal Investments
Topic: Anybody have issues with Vanguard Minimum Tax cost basis?t
Replies: 8
Views: 2070

Re: Anybody have issues with Vanguard Minimum Tax cost basis?t

4ransom wrote: Thu Mar 14, 2024 1:14 pm Where is this MiniTax easy button?
At the top of the screen there is a drop down for "Portfolio". Select "Cost Basis". Then when that screen loads under the heading for each account there is a "view/change cost basis method" link. I haven't checked if it also allows you to change when you go through the transaction process.

Also added since the last time I looked was Highest in/First Out or HIFO. Id think this would give a similar result as MinTax if you have mostly/only long term gains but might incur more short term gains because your most recent purchases are more likely to be higher priced?
by barnaclebob
Thu Mar 14, 2024 1:36 pm
Forum: Personal Investments
Topic: Anybody have issues with Vanguard Minimum Tax cost basis?t
Replies: 8
Views: 2070

Re: Anybody have issues with Vanguard Minimum Tax cost basis?t

increment wrote: Thu Mar 14, 2024 1:25 pm
rerod wrote: Thu Mar 14, 2024 12:02 pm kicking the can down the road until the lowest basis shares are all that's left..
Sure, but maybe

(1) you will be in a lower tax bracket in the future, or

(2) you will leave these shares to your heirs (in which case no one will have to pay tax on those capital gains), or

(3) you will give those shares to charity (in which case no one will have to pay tax on those capital gains).
(4) the money you didn't pay in taxes will continue to grow
by barnaclebob
Thu Mar 14, 2024 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of roofing and siding as a percent of house value
Replies: 25
Views: 1914

Re: Cost of roofing and siding as a percent of house value

Kagord wrote: Wed Mar 13, 2024 7:40 pm I try to plan and accumulate, mentally, 1-1.5% of the current house market value annually for future repairs. This is kept in a contra account in my head.

But that doesn't mean I enjoy writing checks for 10's of thousands of dollars.
That number might be reasonable for a 200k house in the middle of Missouri but for 1mil+ in a HCOL area (i.e. no a Texas McMansion), definitely too much money to save for house repairs. If you want to do a 200k worth of kitchen and bath reno's in 10 years then yeah.

FWIW, the roof on my current house was 20k/1.4mil = 1.4%. Previous house was 14k/500k = 2.8%.
by barnaclebob
Thu Mar 14, 2024 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Parents' Financial Situation/Crisis [Heir to estate with more debt than assets]
Replies: 29
Views: 3400

Re: Parents' Financial Situation/Crisis [Heir to estate with more debt than assets]

Lil' Chubbs wrote: Wed Mar 13, 2024 8:41 pm My younger, upper 30s brother also lives with my parents, and he hasn't worked in approximately 20 years. My parents fund his existence, as well. I assume any foreclosure/probate process would flush him out and compel him to work (he isn't handicapped, to my knowledge, just comfortable and lazy).
Sounds like the brother will take care of it, hes the one with a vested interest here. And if he doesn't, he'll get to figure out a new chapter of his life.
by barnaclebob
Wed Mar 13, 2024 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Parents' Financial Situation/Crisis [Heir to estate with more debt than assets]
Replies: 29
Views: 3400

Re: Parents' Financial Situation/Crisis [Heir to estate with more debt than assets]

So they are significantly underwater on their house? Or is their other debt significantly more than their equity? What is the other debt?
by barnaclebob
Wed Mar 13, 2024 10:11 am
Forum: Personal Consumer Issues
Topic: Furniture prices... is this normal?
Replies: 60
Views: 9474

Re: Furniture prices... is this normal?

unclescrooge wrote: Tue Mar 12, 2024 8:38 pm
barnaclebob wrote: Mon Mar 11, 2024 5:29 pm
unclescrooge wrote: Sat Jun 24, 2023 10:37 am
But I returned it and choose a full grain leather sectional from Scandinavian designs. Apparently no one ever chooses full grain leather so it has to be custom ordered from Italy with a seven month wait. It is being delivered next week.

It was 3 times the cost of the Costco sectional.
Ive still got my dads full grain leather overstuffed couches that are probably 25 years old at this point and get daily use. Aside from the areas where the dog scratched at it to make a nest, They are in near new condition.
Unfortunately, the 6 month old couch has not held up well.

I have two dogs - 8 and 15 lbs each, and just their walking on it has left scratches. I'm not happy. 🤬
I guess dogs and leather furniture don't mix...
by barnaclebob
Tue Mar 12, 2024 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff/regisn offer but employer won't share terms
Replies: 20
Views: 2829

Re: Layoff/regisn offer but employer won't share terms

For some additional context: 1 this is a large sophisticated employer and there’s no question that it’s in conjunction with the larger HR org 2 firm is generally paranoid about everything 3 offer on the table is worth significantly more than any unemployment benefits 4 insurance also not a major concern since I can move to my spouse’s coverage 5 HR is open to having a call about questions about the package. As a start I can get questions and confirm afterwards with a recap email, but agree not to sign/submit anything with out the text of the terms Have reached out to my network for employment lawyers in my area NDA to see the terms seems like a reasonable offer Can you reach out to a manager or anyone else you trust to get info on the pack...
by barnaclebob
Tue Mar 12, 2024 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff/regisn offer but employer won't share terms
Replies: 20
Views: 2829

Re: Layoff/regisn offer but employer won't share terms

KlangFool wrote: Tue Mar 12, 2024 10:21 am
barnaclebob wrote: Tue Mar 12, 2024 10:19 am So if you say you are going to resign then dont like the terms you get nothing? That is very shady.
I disagreed. The shady part is on the employer. Employer is supposedly offer n months of severance if someone voluntary resign but refuse to disclose terms.

KlangFool
Yes, I was referring to the employer too but can see how it was confusing.
by barnaclebob
Tue Mar 12, 2024 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Layoff/regisn offer but employer won't share terms
Replies: 20
Views: 2829

Re: Layoff/regisn offer but employer won't share terms

So if you say you are going to resign then dont like the terms you get nothing? That is very shady.
by barnaclebob
Mon Mar 11, 2024 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Home or Keep and Rent It
Replies: 11
Views: 1008

Re: Sell Home or Keep and Rent It

1.1mil gets $4500 a month with zero risk these days...
by barnaclebob
Mon Mar 11, 2024 5:29 pm
Forum: Personal Consumer Issues
Topic: Furniture prices... is this normal?
Replies: 60
Views: 9474

Re: Furniture prices... is this normal?

unclescrooge wrote: Sat Jun 24, 2023 10:37 am
But I returned it and choose a full grain leather sectional from Scandinavian designs. Apparently no one ever chooses full grain leather so it has to be custom ordered from Italy with a seven month wait. It is being delivered next week.

It was 3 times the cost of the Costco sectional.
Ive still got my dads full grain leather overstuffed couches that are probably 25 years old at this point and get daily use. Aside from the areas where the dog scratched at it to make a nest, They are in near new condition.
by barnaclebob
Mon Mar 11, 2024 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for a house?
Replies: 49
Views: 4627

Re: Paying cash for a house?

Given you can earn 5% on your money just sitting in a money market account, your "effective" mortgage rate would really only be about 2%. So its not that expensive for you to hold a mortgage for awhile if you need to.
by barnaclebob
Fri Mar 08, 2024 4:48 pm
Forum: Personal Consumer Issues
Topic: Drop Homeowner Ins- Self Insure
Replies: 63
Views: 4442

Re: Drop Homeowner Ins- Self Insure

On the other hand, some how they have my personal property limit set at close to $1/4 million. There's no way we own that much stuff, even including our cars. Mine is set to over $1 million, and there is no way to reduce it. It's a percentage of dwelling value. We don't own anywhere near that much stuff either. Maybe 15% of that, mostly my piano. It doesnt really matter what everything is worth right now, what matters is how much it would cost to get your life back together to reasonably near how it was before pretty quickly. I'm not going to want to spend another decade building up my tool and outdoor equipment collection waiting for sales if my house burns down. 10 pairs of banana republic khakis that I purchased with the tags still on a...
by barnaclebob
Fri Mar 08, 2024 9:45 am
Forum: Personal Consumer Issues
Topic: Drop Homeowner Ins- Self Insure
Replies: 63
Views: 4442

Re: Drop Homeowner Ins- Self Insure

Mr. Potter wrote: Fri Mar 08, 2024 8:51 am I appreciate all the responses but what I haven’t heard is has anyone actually dropped their insurance and self insured their home.
Even though I live in a state where car insurance is required there’s a healthy percentage of people who self insure (aka- no insurance)
I doubt you are going to find anyone who has self insured and more importantly, had to cover a significant event where liability came into play.
by barnaclebob
Fri Mar 08, 2024 9:37 am
Forum: Personal Consumer Issues
Topic: Gas dryer - safe to tinker?
Replies: 10
Views: 749

Re: Gas dryer - safe to tinker?

Gas is honestly pretty safe if a few basic precautions are taken because its at such a low PSI when it comes to your house. You can stop the flow easily with your thumb. The danger is a large undetected leak but extremely small amounts of gas are detectable by our noses. If you do mess with it, check anything you touched with soapy water and smell around the appliance in the mornings or after nobody's been in the room for awhile. When we had a new gas stove installed, the tech over torqued the valve and cracked it. I could smell a faint gas smell in the mornings around the stove and when we got home from work. When I put some soapy water on the fitting it was barely bubbling. I'd be surprised if it was more than a gallon of gas a day. This ...
by barnaclebob
Thu Mar 07, 2024 11:02 am
Forum: Personal Investments
Topic: How to determine fund quality?
Replies: 15
Views: 776

Re: How to determine fund quality?

I'd compare the total bond market option returns vs BND or VBTLX. It should be similar. Then do the same for the international fund against a vanguard international index fund.

In general, any fund in a 401k thats low ER and an index fund will be good quality. The only variable would be the exact index they track.
by barnaclebob
Thu Mar 07, 2024 10:51 am
Forum: Personal Finance (Not Investing)
Topic: selling real estate for passive income
Replies: 9
Views: 1212

Re: selling real estate for passive income

Go do a quote on a single premium immediate annuity (SPIA). This is the only annuity endorsed by Bogleheads as it's sold like a commodity, has low cost and gives you monthly payments with no frills. I did a quote recently for a 47 year old male and with $250k invested, you can get $1500 a month. No renters stopping payments, no stocks giving you dividends but dropping in value and generating tax liability. You will pay tax on a portion of the payments from an SPIA, the gains. I would say that indeed, even dividend producing funds like SCHD is better than what you were getting from your real estate investment where you weren't even collecting 1% of the property value a month which is a minimum guide for either keeping or selling. I'm heavy ...
by barnaclebob
Thu Mar 07, 2024 9:57 am
Forum: Personal Consumer Issues
Topic: Alaska trip without taking a cruise - help
Replies: 53
Views: 4578

Re: Alaska trip without taking a cruise - help

I'm wondering if family members that still get motion sickness even with a scopolamine patch are able to travel long distances in a car. I assume many natural attractions are accessed via windy roads?
by barnaclebob
Thu Mar 07, 2024 9:50 am
Forum: Investing - Theory, News & General
Topic: Argument against people that say stock market is rigged, so don’t invest in it
Replies: 80
Views: 5450

Re: Argument against people that say stock market is rigged, so don’t invest in it

Even if individual stocks are rigged, you cant really "rig" the entire market over long periods and thats what I invest in.
by barnaclebob
Wed Mar 06, 2024 5:10 pm
Forum: Personal Consumer Issues
Topic: Non-WiFi Dishwasher Needed Software Update
Replies: 33
Views: 2898

Re: Non-WiFi Dishwasher Needed Software Update

Its possible some sensor got a little outside of its voltage limits and the update just loosened the limits.
by barnaclebob
Wed Mar 06, 2024 5:00 pm
Forum: Personal Consumer Issues
Topic: Blackout shades for bedroom
Replies: 30
Views: 2153

Re: Blackout shades for bedroom

To get near blackout conditions you need to use shades and curtains IMO.

We bought shades from blinds.com and they work well. Blinds.com has perpetual 40% off sales so don't rush. Light still gets in around the edges but its not bad with your eyes closed, maybe a "20 minutes after sunset" amount of light from the 3 windows in the room.
by barnaclebob
Wed Mar 06, 2024 4:37 pm
Forum: Personal Investments
Topic: Job Goes Poof
Replies: 23
Views: 4182

Re: Job Goes Poof

If you can afford it then I dont see why not. You should try to max all tax advantaged space possible.
by barnaclebob
Wed Mar 06, 2024 2:56 pm
Forum: Personal Consumer Issues
Topic: Cruising from Miami
Replies: 13
Views: 1305

Re: Cruising from Miami

Can you buy a lounge pass to make the airport time more enjoyable?
by barnaclebob
Wed Mar 06, 2024 10:27 am
Forum: Investing - Theory, News & General
Topic: What if you can't access your money?
Replies: 45
Views: 4216

Re: What if you can't access your money?

If a Carrington class magnetic storm knocks out power and internet, we're all going to be in the same boat. Some gold or cash wont help much and will probably make you a target.
by barnaclebob
Wed Mar 06, 2024 10:15 am
Forum: Personal Consumer Issues
Topic: Selling used appliances
Replies: 9
Views: 916

Re: Selling used appliances

Post them on craigslist or facebook marketplace. Don't worry about removing the electronics unless you've done something to them or know they are unsafe.
by barnaclebob
Tue Mar 05, 2024 11:48 pm
Forum: Personal Consumer Issues
Topic: Kitchen counter top stools
Replies: 10
Views: 901

Re: Kitchen counter top stools

For that price you may be able to have a local woodworker make them custom for you.
by barnaclebob
Tue Mar 05, 2024 9:49 am
Forum: Investing - Theory, News & General
Topic: Teaching wealth building as a new career
Replies: 28
Views: 3588

Re: Teaching wealth building as a new career

This is a hobby not a career. You'll never find more than a handful of people willing to pay for this advice.
by barnaclebob
Tue Mar 05, 2024 9:11 am
Forum: Personal Finance (Not Investing)
Topic: The Franklin Life Insurance Company Policy from 1958
Replies: 5
Views: 477

Re: The Franklin Life Insurance Company Policy from 1958

Anovice wrote: Tue Mar 05, 2024 9:02 am My brother found a $1,000 life insurance policy that my parents purchased in 1958. I am the name insured and they, who are deceased, are the beneficiaries. It was purchased from The Franklin Life Insurance Company of Springfield Illinois. They were liquidated in 1999 and after a few consolidations, I believe their policies are now with AIG. Might this policy have any cash surrender value?

Thank you.
It probably started pulling the premiums from the cash value at some point. But I would fire off a few emails and see if any info comes up. I doubt anything will but you never know...
by barnaclebob
Tue Mar 05, 2024 8:53 am
Forum: Personal Consumer Issues
Topic: Kitchen Cabinet Cost
Replies: 37
Views: 3169

Re: Kitchen Cabinet Cost

Id almost certainly flip the dining and kitchen. Thats a terrible terrible place for a fridge.

If you get rid of that peninsula then you can get a table with some leafs that can expand into the kitchen a little bit for when you have a lot of guests. Nobody cares if a dining room is a little tight on Thanksgiving.
by barnaclebob
Mon Mar 04, 2024 5:28 pm
Forum: Personal Consumer Issues
Topic: What to do if I am subpoenaed as a witness but I have overseas travel plans
Replies: 28
Views: 4084

Re: What to do if I am subpoenaed as a witness but I have overseas travel plans

It seems very early for them to be talking about a trial. Its only been a week. Also I'd bet good money that the date youve been given will be changed.
by barnaclebob
Mon Mar 04, 2024 10:36 am
Forum: Personal Consumer Issues
Topic: Undersizing whole house generator?
Replies: 62
Views: 4817

Re: Undersizing whole house generator?

There was an ask this old house episode on this. Essentially they added a sub panel next to the main panel where only the generator loads were on the sub panel. Then there was a transfer switch that would switch power over to the sub panel and make sure the grid wasn't being backfed by the generator. It didn't look that complicated but I'd guess a pro would charge anywhere from 2k to 5k for it.

And now i see that video has already been linked.
by barnaclebob
Mon Mar 04, 2024 10:07 am
Forum: Personal Consumer Issues
Topic: Kitchen Cabinet Cost
Replies: 37
Views: 3169

Re: Kitchen Cabinet Cost

Finding people who do good work is really hard. If its in your budget and you trust the guy, don't sweat over getting the lowest price. Yeah its a high price but not anywhere near into "idiot stamped onto forehead" territory. You wont be thinking about the cost of this kitchen remodel in 5 years if it goes smooth.

A contractor who isn't up to your standards will be remembered every time you see the little mistakes that aren't worth arguing with them to fix.
by barnaclebob
Mon Mar 04, 2024 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Financial coach as a side hustle?
Replies: 22
Views: 2214

Re: Financial coach as a side hustle?

The problem is that the people who need coaching on personal finance either cant afford it or they want to have their "money guy" make them feel good and manage their money so they can tell their friends about how good their "money guy" is and that they always beat the market.
by barnaclebob
Sun Mar 03, 2024 10:49 pm
Forum: Personal Consumer Issues
Topic: At what point in a car’s life do you try miracle elixir fixes?
Replies: 36
Views: 3321

Re: At what point in a car’s life do you try miracle elixir fixes?

I once had a very slow radiator leak. I tried one of the stop leak tablets and it worked until i sold the car 20k miles later with 175k on the odometer.
by barnaclebob
Fri Mar 01, 2024 2:07 pm
Forum: Personal Consumer Issues
Topic: Airline Miles and Hotel Points
Replies: 37
Views: 4412

Re: Airline Miles and Hotel Points

I think the chase sapphire reserve card has some pretty good point transfer bonuses when you move chase points to specific airline systems. The system takes some learning but its supposedly one of the best if you travel a decent amount.

I pretty much only fly alaska or their partners so I keep it simple with an alaska card.
by barnaclebob
Fri Mar 01, 2024 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Timing of Amended Return
Replies: 7
Views: 800

Re: Timing of Amended Return

Horsefly wrote: Fri Mar 01, 2024 11:46 am Hmmm... I take it no one has any experience with an amended return? Not even an opinion?
My opinion would be to wait as long as possible before tax day or until your current return status goes to "return approved" or whatever the wording is.
by barnaclebob
Fri Mar 01, 2024 9:43 am
Forum: Investing - Theory, News & General
Topic: What good is tax deferred?
Replies: 122
Views: 15322

Re: What good is tax deferred?

ivgrivchuck wrote: Thu Feb 29, 2024 6:13 pm
barnaclebob wrote: Thu Feb 29, 2024 3:01 pm
ivgrivchuck wrote: Wed Feb 28, 2024 11:34 pm - Money on tax deferred is taxed once (when you take the money out)
- Money on Roth is also taxed once (when you put it in)
- Money on taxable is taxed many times (When you put in [income tax], during accumulation [dividends] and when you take it out [cap. gains])
This is a bit of mischaracterization. Each dollar in taxable accounts is only taxed once but at different times.
That's not the right way to look at it. Another way to put it is (maybe you like this more?):
- Roth: You pay taxes on seed.
- Traditional: You pay taxes on harvest.
- Taxable: You pay taxes on both seed and harvest
We haven't said anything thats in disagreement.