Search found 5387 matches

by mhalley
Wed Feb 21, 2018 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 16
Views: 771

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

Wife and I are 63 and bronze plan is over 2400 a month so the price for an unsubsidized silver plan seems correct.
by mhalley
Tue Feb 20, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Wealthfront vs Vanguard 3 or 4 Fund for taxable account
Replies: 1
Views: 259

Re: Wealthfront vs Vanguard 3 or 4 Fund for taxable account

I doubt the tlh is worth the expense in a low tax bracket. They say that the value exceeds their fee here: https://blog.wealthfront.com/real-value-tax-loss-harvesting/ And they specifically state .Note that the ultimate benefit each client will receive will depend on her particular tax rate. And her...
by mhalley
Tue Feb 20, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Paying for expedited credit card replacements?
Replies: 16
Views: 554

Re: Paying for expedited credit card replacements?

I seem to recall American Express advertising that option, but I don’t recall others doing that. If you have a lot of bills on autopay, I would get 3-4 cards and divide them up to prevent this in the future. This article lists several cc with free rush delivery. https://www.creditcards.com/credit-ca...
by mhalley
Tue Feb 20, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance question
Replies: 7
Views: 356

Re: Life insurance question

In general, your main life insurance should be a 20-30 year level term policy, unrelated to your job, of about 10-12 x income. You could get hit by a bus tomorrow leaving you unable to return to work, so no life insurance. Or you could be fired, laid off, or downsized. https://clark.com/insurance/li...
by mhalley
Tue Feb 20, 2018 12:50 pm
Forum: Investing - Theory, News & General
Topic: Does Non-deductible IRA make sense
Replies: 7
Views: 567

Re: Does Non-deductible IRA make sense

Bonds are not the pariah in taxable accounts they used to be. If you do not plan on doing Roth conversions, then you are better just investing in taxable, even putting bonds in taxable as opposed to a non deductable Ira. https://www.whitecoatinvestor.com/asset-location-bonds-go-in-taxable/ https://w...
by mhalley
Tue Feb 20, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Stock value for Roth conversion
Replies: 5
Views: 338

Re: Stock value for Roth conversion

I think your brokerage will report the price as the closing price. This year I finished converting my schwab Ira to Roth, and had a few $ leftover for my conversions this year, so I ended up trying a stock conversion for the first time from another Ira. When I look at my Jan statement, it shows a Ro...
by mhalley
Tue Feb 20, 2018 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 8
Views: 1485

Re: Spending and saving - am I on it, or in for it?

You are still fairly young, you can save quite a bit in 20 years. Real estate investing can be a viable alternative for retirement saving, but most bogleheads would not recommend it over maxing out retirement accounts. You can find other sites on the inter webs for real estate investing. As a retire...
by mhalley
Tue Feb 20, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: How would you proceed at age 29?
Replies: 17
Views: 2121

Re: How would you proceed at age 29?

Sounds like you are off to a good start. I would focus on bumping your savings rate to max out the 401k and roths. The emergency fund seems light. You might be a candidate for a somewhat early retirement, but that would involve some cutbacks in your expenses. Once your fiance enters the workforce, y...
by mhalley
Mon Feb 19, 2018 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Adviser said I made a big mistake switching 403b to Aspire??
Replies: 18
Views: 1299

Re: Adviser said I made a big mistake switching 403b to Aspire??

It was a HUGE mistake. Your advisor was counting on that money for his Mercedes payment, now he has to look elsewhere. :beer
by mhalley
Mon Feb 19, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 33
Views: 2166

Re: Long term care insurance

Clark Howard has a few recommendations. In the last few years, many companies have stopped writing policies, he is down to about five now.
https://clark.com/insurance/long-term-c ... ance-help/
by mhalley
Mon Feb 19, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring from Financial Advisor
Replies: 12
Views: 1208

Re: Transferring from Financial Advisor

some people need the comfort of an FA, but 1% is a huge amount to give up. You could always do vanguard pas for a year at .3% until you feel you have a good handle on doing it yourself. There are many threads on the big 3 brokerages, you can’t go wrong with any of them as long as you realize that fi...
by mhalley
Sun Feb 18, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: High Fees on Asset Allocation Portfolio - looking to get out
Replies: 6
Views: 603

Re: High Fees on Asset Allocation Portfolio - looking to get out

Look into transferring the funds in kind, then sell gradually to limit capital gains. You don’t need to pay for another financial advisor. The 3 fund portfolio is easy to maintain. Check fidelity, schwab and vanguard to ensure all the funds are transferable. Turn off capital gain reinvestment to avo...
by mhalley
Sun Feb 18, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 80
Views: 7228

Re: Bogleheads with $100K+ MSRP cars?

I would get one, but the temptation to shoot it into space would be impossible to resist.

https://www.theverge.com/2018/2/17/1701 ... lcon-heavy
by mhalley
Sun Feb 18, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Retired with backdoor roth quesiton
Replies: 5
Views: 297

Re: Retired with backdoor roth quesiton

Roth conversions can make sense in early retirement for multiple reasons, including decreasing RMDs ( which can decrease Medicare premiums and taxes on SS), having a Roth account for heirs to reduce their taxes, etc. You can run some numbers at i-orp (note that they can be pretty aggressive) Remembe...
by mhalley
Sat Feb 17, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Catastrophic medical insurance
Replies: 8
Views: 626

Re: Catastrophic medical insurance

Probably should have specified, that Is for spouse and I.
by mhalley
Sat Feb 17, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 59
Views: 5767

Re: Amazon Alternative

I understand Sams club has instituted a prime type account with 2 day shipping for 100 bucks a year. . What are the benefits of Plus membership? In addition to Free Shipping for Plus, there are many benefits to a Plus membership: Earn Cash Rewards. Get $10 for every $500 spent in qualifying purchase...
by mhalley
Sat Feb 17, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: cybertheft from brokerage and retirement accounts after Equifax identity theft
Replies: 23
Views: 2820

Re: cybertheft from brokerage and retirement accounts after Equifax identity theft

I was listening to the Clark Howard podcast and he discussed a growing problem of Sim card hijacking, which could negate 2 factor authentication using your cell phone. He recommends adding a pin to your cell phone account to minimize the possibility.
by mhalley
Sat Feb 17, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Catastrophic medical insurance
Replies: 8
Views: 626

Re: Catastrophic medical insurance

I have 2 years until Medicare kicks in, this year my premiums for high deductable plan exceed 2500 a month. Hopefully next year I can get some type of catastrophic coverage to tide my wife and I over till age 65.
by mhalley
Sat Feb 17, 2018 2:06 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Income- ROTH last?
Replies: 5
Views: 783

Re: Retirement Income- ROTH last?

The reasoning is that it has the chance to grow free of any taxes. Doing Roth conversions early is recommended. Kitces has a good article on this here. https://www.kitces.com/blog/tax-efficient-retirement-withdrawal-strategies-to-fund-retirement-spending-needs/ . Ultimately, the combination of takin...
by mhalley
Sat Feb 17, 2018 1:51 am
Forum: Personal Finance (Not Investing)
Topic: Tax sheltered saving or value mining?
Replies: 3
Views: 277

Re: Tax sheltered saving or value mining?

If you are self employed you can put the employee portion (18.5k) AND the employer portion for a total of 55k in tax deferred.

https://www.irs.gov/retirement-plans/on ... 401k-plans
by mhalley
Thu Feb 15, 2018 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: When is the best time to contribute to an IRA?
Replies: 7
Views: 978

Re: When is the best time to contribute to an IRA?

0 percent is long term cap gains, are you going to keep it in taxable for a year before moving it to roth? If nothing else, it makes your taxes more complicated.
by mhalley
Wed Feb 14, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: What to do with additional funds?
Replies: 3
Views: 263

Re: Boglehead Baby Steps?

I would stop putting money towards house and 529 until all retirement savings are maxed out.i don’t see a rate on the mortgage, but I am assuming it is less than 4%.
by mhalley
Wed Feb 14, 2018 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Tax Advantaged Account Options to Hold Investments In
Replies: 1
Views: 131

Re: Tax Advantaged Account Options to Hold Investments In

I don’t think there are many Dalit fans here, but there are ways of accessing retirement accounts befor 59.5 Mad Fientist has a good post here: https://www.madfientist.com/how-to-access-retirement-funds-early/ Another option is to invest in hsa, then withdraw the amount that will have no taxes due t...
by mhalley
Tue Feb 13, 2018 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie / Vanguard initial investment
Replies: 7
Views: 580

Re: Newbie / Vanguard initial investment

Asset allocation is a very personal decision, 60/40 is conservative, but it is not outside the range of a reasonable portfolio. I prefer investments with the most potential for growth in the Roth (ie stock funds). I don’t like balanced or target funds in taxable accounts due to the loss of the abili...
by mhalley
Tue Feb 13, 2018 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Transaction Fees, Anyway Around Them?
Replies: 3
Views: 270

Re: Roth IRA Transaction Fees, Anyway Around Them?

Remember that the minimum for most vanguard funds is $3000, except for target retirement and star funds. If you want to hold vanguard funds, then vanguard is the best place to do so. Schwab and fidelity also offer inexpensive index funds.
by mhalley
Tue Feb 13, 2018 1:38 am
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2525

Re: rmd disaster

Vanguard has a free rmd service. https://personal.vanguard.com/us/whatweoffer/accountservices/requiredminimumdistribution I don’t think any paperwork is required until next years taxes are due. If you turned 70.5 in January 2018 no rmds are due till dec 31 2018. Vanguard doesn’t purchase an annuity ...
by mhalley
Tue Feb 13, 2018 1:28 am
Forum: Investing - Help with Personal Investments
Topic: Withdraw from Roth IRA to contribute to TIRA now? (potential income limit tax issues)
Replies: 2
Views: 294

Re: Withdraw from Roth IRA to contribute to TIRA now? (potential income limit tax issues)

Do you still want to contribute to the Roth? If so, recharacterize the Roth contribution to traditional, then contribute to the traditional Ira and do a backdoor Roth. You need to wait 30 days before doing the backdoor Roth.

https://www.rothira.com/5-questions-rot ... erizations
by mhalley
Tue Feb 13, 2018 12:51 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Prime Reading
Replies: 2
Views: 493

Re: Amazon Prime - Prime Reading

The kindle unlimited books are available for purchase if you are not an unlimited subscriber. If you are looking for the free kindle prime books, try here: https://www.amazon.com/Kindle-Store-Prime-Reading-Eligible/s?ie=UTF8&page=1&rh=n%3A133140011%2Cp_n_special_merchandising_browse-bin%3A1480708001...
by mhalley
Tue Feb 13, 2018 12:43 am
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2525

Re: rmd disaster

Don’t panic. I believe rmds are due by dec 31 of the year you turn 70.5, not due in January. More Concerning is that you don’t seem to know how your funds are invested. From the IRS website: . When must I receive my required minimum distribution from my IRA? You must take your first required minimum...
by mhalley
Mon Feb 12, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Vanguard LifeStrategy funds or 1 target retirement fund
Replies: 3
Views: 633

Re: 2 Vanguard LifeStrategy funds or 1 target retirement fund

The main advantage is that the aa of LS funds are static, so you don’t need to worry about changing the funds as the glide path of the tr fund changes over time. What is your personal glide path? Is this a taxable account so changing aa might result in additional taxes? But 600 # is quite a bit of m...
by mhalley
Sat Feb 10, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: Google account stolen and I can't recover
Replies: 13
Views: 1496

Re: Google account stolen and I can't recover

I think one of the main pluses for the paid gmail accounts is access to a human for support. $60 a year tho. 24/7 Support This is a huge incentive, especially for businesses that have started to look beyond Gmail at other parts of the Google Apps suite. The free version of Gmail includes access to G...
by mhalley
Sat Feb 10, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Google account stolen and I can't recover
Replies: 13
Views: 1496

Re: Google account stolen and I can't recover

The account may be lost forever if you can’t recover by answering the questions. From the google help forum: . ...the provided process works for most people to recover their account. Some receive the message “Google couldn’t verify...” meaning that the information Google has (including the questions...
by mhalley
Sat Feb 10, 2018 1:11 am
Forum: Personal Finance (Not Investing)
Topic: American National Life Insurance - No medical exam?!
Replies: 4
Views: 490

Re: American National Life Insurance - No medical exam?!

American National seems to be rated A by am best and s&p. Clark Howard recommends term to be bought from co. Rated A++, A + at a minimum. I would imagine if there is no exam they would charge a higher premium.
https://clark.com/insurance/top-life-insurers-2016/
by mhalley
Fri Feb 09, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: new to the forum and eager for your advice
Replies: 8
Views: 670

Re: new to the forum and eager for your advice

Money needed within 5 years should be saved, not invested (note stock market in the last week). For a taxable account, the three fund portfolio with the substitution of a muni fund instead of the total stock market fund is good. You need to come up with an investing policy statement, listing your as...
by mhalley
Fri Feb 09, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: What do to following a Trojan horse clean-up?
Replies: 6
Views: 759

Re: What do to following a Trojan horse clean-up?

I think it depends on the virus, at least on Windows. When I got infected last year I did a complete reinstall. Probably overkill, but better safe than hacked.
by mhalley
Fri Feb 09, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Active v. passive during corrections
Replies: 21
Views: 1915

Re: Active v. passive during corrections

You can’t judge any fund on one day. How did it compare over 30 years?
by mhalley
Thu Feb 08, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie/novice needs advice on what to do during correction
Replies: 17
Views: 1501

Re: Newbie/novice needs advice on what to do during correction

The rule of thumb is that if you should put money in the stock market sooner, there is a 66% chance if the market going up, but don’t try to catch the falling knife. Certainly the 40% bond is cutting your losses from the last week. If you would have lost 1000 dollars with a 100% stock allocation, yo...
by mhalley
Thu Feb 08, 2018 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: 4% rule and early retirement?
Replies: 69
Views: 8239

Re: 4% rule and early retirement?

There has been a lot of talk that the 4% rule might not work going forward due to high pe and low interest rates. To be really safe with early retirement, cutting back to 3-3.5% might be prudent. Mad fiendish thinks 3.5% should be fine.
https://www.madfientist.com/safe-withdrawal-rate/
by mhalley
Thu Feb 08, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor Taxable Investment Question
Replies: 4
Views: 297

Re: New Investor Taxable Investment Question

For that purpose you just want an online savings account. You would owe taxes on any dividends, interest or capital gains. Is this going to be your emergency fund?
Once you have a three to six month emergency fund, then you could consider investing.
Congratulations on starting saving so young.
by mhalley
Thu Feb 08, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: Comcast Modem Part 2
Replies: 6
Views: 879

Re: Comcast Modem Part 2

You might consider going with something like OOMA and getting rid of the cable phone. Then you can buy a modem and get rid of the internet phone fee and the gateway rental fee. You would have to lay out the money for the Ooma system and the modem, but should end up in the Black in a year or so, depe...
by mhalley
Thu Feb 08, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Canadian Vanguard Equivalents
Replies: 3
Views: 230

Re: Canadian Vanguard Equivalents

There is a Canadian bogleheads site and wiki. Wiki http://www.finiki.org/wiki/Main_Page Here is a link to some index portfolios http://www.finiki.org/wiki/Simple_index_portfolios And a Canadian couch potato portfolio http://www.moneysense.ca/author/canadian-couch-potato/ Forum http://www.financialwi...
by mhalley
Thu Feb 08, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Equivalent fund to TLH VBTLX that isn't Vanguard Intermediate or Short Term?
Replies: 2
Views: 162

Re: Equivalent fund to TLH VBTLX that isn't Vanguard Intermediate or Short Term?

With a bond fund I might just keep it in the settlement fund for 31 days. Or use the int term treasury fund.
by mhalley
Mon Feb 05, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: Washer/Dryer longevity ?
Replies: 69
Views: 5768

Re: Washer/Dryer longevity ?

New washers are more effecient. If you do plan in getting new ones, there is a new tariff going into effect so you might shop sooner rather than later.
http://thehill.com/policy/finance/37053 ... tariffs-on
by mhalley
Mon Feb 05, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: When is best time to Tax Loss Harvest? Beginner needs help understanding process and strategies.
Replies: 5
Views: 766

Re: When is best time to Tax Loss Harvest? Beginner needs help understanding process and strategies.

I picked an arbitrary number of 1k to tlh but I have much more in my taxable account. At lower dollar values, you might pick a percent, say 5or 10%.
by mhalley
Sat Feb 03, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account dividends and capital gains
Replies: 14
Views: 1241

Re: Taxable account dividends and capital gains

The problem with reinvesting dividends and capital gains in taxable is that you end up with a huge number of tax lots and they reinvest with no regard to your asset allocation. I prefer to have then go to mupybsettlemenyt account, then invest them where needed to keep my aa intact.
by mhalley
Sat Feb 03, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Question about DCA back into Equities
Replies: 2
Views: 243

Re: Question about DCA back into Equities

Probably doesn’t matter, but if you dca into equites in Taxable first, then further days like Friday might give you the opportunity to tax loss harvest.
by mhalley
Sat Feb 03, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation, General feedback requested
Replies: 3
Views: 299

Re: Asset Allocation, General feedback requested

Commodities have fallen out of favor here, and anything less than 5% is just noise. So you might consider switching the commodities to Reits.
by mhalley
Sat Feb 03, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Switch from Morgan Stanley to Vanguard Personal Advisor Services?
Replies: 22
Views: 1283

Re: Switch from Morgan Stanley to Vanguard Personal Advisor Services?

Replacing numerical values with percentages might get you more responses. (You could probably get by with just sayin X% in individual stocks) But, in general you will have much less fees with PAS. You could always switch to pas, then ease out of it when you learn more about investing.
by mhalley
Sat Feb 03, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: US expat investing in target date fund via taxable account. Smart or not?
Replies: 7
Views: 381

Re: US expat investing in target date fund via taxable account. Smart or not?

The main advantage of individual funds/ETFs is the ability to do tax loss harvesting. In the lowest tax bracket, you might not miss out on a lot, but do you really plan on NEVER advancing in your career? Kitces says the benefits are modest, but who knows what the tax rates will be in thirty years? h...