Search found 7504 matches

by mhalley
Thu Nov 14, 2019 9:41 pm
Forum: Personal Consumer Issues
Topic: Gaming Desktop
Replies: 12
Views: 617

Re: Gaming Desktop

The gpu is more important than the cpu these days. Toms has a gpu shopping guide here https://www.tomshardware.com/reviews/gpu-buying-guide,5844.html Oops, Digital STORM is the gaming pc, digital extreme is a gaming software co. :oops: looks like their cheapest one is $700, but you don’t get an ssd ...
by mhalley
Thu Nov 14, 2019 9:30 pm
Forum: Personal Consumer Issues
Topic: Gaming Desktop
Replies: 12
Views: 617

Re: Gaming Desktop

I have bought several gaming desktops, including an Alienware, falcon nw and digital storm.. The digital extreme was the best I ever bought. An SSD and a good graphics card are a must. If you’ve gone so long without upgrading I would see midrange being fine for you. Check out the components at your ...
by mhalley
Thu Nov 14, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Asset allocation for 50 year retirement?
Replies: 8
Views: 627

Re: Asset allocation for 50 year retirement?

I don’t think it’s that bogleheads don’t like real estate, it’s that most don’t want a second job. If you like being a landlord and have Good income from it, great. With that much passive income, I imagine any portfolio over 30% stocks should be fine.
by mhalley
Thu Nov 14, 2019 9:21 pm
Forum: Personal Consumer Issues
Topic: Is LastPass still top in security, any reason to switch?
Replies: 43
Views: 3986

Re: Is LastPass still top in security, any reason to switch?

I don’t like the idea of my passwords being in the cloud, so I use keepass.
by mhalley
Thu Nov 14, 2019 9:16 pm
Forum: Personal Consumer Issues
Topic: Forgot to pay Kohl's bill for two months, consequences?
Replies: 17
Views: 914

Re: Forgot to pay Kohl's bill for two months, consequences?

How late was the payment? A 30 day late reported to the credit bureaus could result in a 100 pt decrease. A late payment charge doesn’t mean it will be reported.

https://www.nerdwallet.com/blog/finance ... -reported/

I know kohl’s has some good rewards, but I second dumping it.
by mhalley
Thu Nov 14, 2019 2:43 pm
Forum: Investing - Theory, News & General
Topic: Why would a CPFA recommend high fee funds?
Replies: 37
Views: 1367

Re: Why would a CPFA recommend high fee funds?

This post contains a sample letter to campaign for a better 401k. You might need to edit the part about spartan funds.
viewtopic.php?t=7573
by mhalley
Thu Nov 14, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: too late for additional life insurance?
Replies: 11
Views: 800

Re: too late for additional life insurance?

Having the majority of your life insurance tied into your job is not a good idea. If you lose your job, change jobs, or become disabled you could become uninsurable. If you fail to disclose a medical problem when applying for life insurance your claim could be denied. So I would get checked by your ...
by mhalley
Thu Nov 14, 2019 12:49 am
Forum: Personal Consumer Issues
Topic: Question on product ratings...(Amazon and Google)
Replies: 7
Views: 446

Re: Question on product ratings...(Amazon and Google)

You want to continue to look at something like a pc mag or pc world etc review and take many others with a BLOCK of salt. Many of those 1 star reviews are probably due to people that are very tech challenged. Networking can be one of the most difficult things to setup properly. https://www.pcmag.com...
by mhalley
Thu Nov 14, 2019 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Catch up HSA
Replies: 2
Views: 294

Re: Catch up HSA

1. Yes
2. Just the normal Hsa paperwork I think you put the extra 1k on line 7.

https://www.irs.gov/instructions/i8889
https://www.irs.gov/pub/irs-pdf/f8889.pdf
by mhalley
Thu Nov 14, 2019 12:30 am
Forum: Personal Investments
Topic: My 401k Investment Strategy vs. The Experts
Replies: 7
Views: 748

Re: My 401k Investment Strategy vs. The Experts

Bogleheads will generally be against high fees. 0.9% plus the fees of the underlying funds is way too much. Active fund management overall underperforms passive. Sure, you can comb through Morningstar and find funds that outperform, but inevitably reversion to the mean occurs and they either underpe...
by mhalley
Wed Nov 13, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Collection Calls Right After Death
Replies: 32
Views: 2305

Re: Collection Calls Right After Death

I would imagine six years is beyond the statute of limitations in most of states, so even if legit could not be collected. Check your state here https://www.incharge.org/understanding-debt/credit-card/what-is-statute-of-limitations-all-50-states/ Many states have a six year statute, which could be a...
by mhalley
Wed Nov 13, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: Hearing Aid Question
Replies: 5
Views: 547

Re: Hearing Aid Question

No personal experience, but have heard Clark Howard talk about mdhearingaid products. They have a 45 day return policy if not satisfied.
They have multiple models ranging from $400 to $1200

https://www.mdhearingaid.com/en/content ... omparisons
by mhalley
Wed Nov 13, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC impact on credit score
Replies: 2
Views: 298

Re: HELOC impact on credit score

From valuepenguin Will an unused HELOC negatively impact my credit? Leaving a HELOC idle and at a zero balance has no effect on your credit report. Once you absorb the hit to your score for the inquiry and opening the account, there shouldn’t be any other impact, according to Bruce McClary, vice pre...
by mhalley
Wed Nov 13, 2019 1:20 am
Forum: Personal Investments
Topic: SIL retirement puzzle
Replies: 49
Views: 3349

Re: SIL retirement puzzle

Zero. At an optimistic 4% safe withdrawal rate, 413k can only generate $1376 a month. What’s the SS outlook?
by mhalley
Wed Nov 13, 2019 12:41 am
Forum: Personal Investments
Topic: Moving Roth IRA from Vanguard to TIAA Brokerage
Replies: 7
Views: 464

Re: Moving Roth IRA from Vanguard to TIAA Brokerage

So your advisor is going to manage more of your money at no extra charge out of the goodness of her heart? How sweet. :beer I am being a little snarky, but I don’t know what your advisor charges or what the fees are. But most likely they are higher than Vanguard’s. Which of these is your fee structu...
by mhalley
Wed Nov 13, 2019 12:34 am
Forum: Personal Investments
Topic: Recently married, early 30's portfolio/fire advice?
Replies: 23
Views: 2042

Re: Recently married, early 30's portfolio/fire advice?

Where you put the money is not as important as putting a percentage of income that will result in adequate saving when you want to retire. A very basic rule of thumb goes: 1.401k to the match 2. Max out Roth 3. Max out 401k 4. Taxable investing. You might make too much money to do the Roth, so you m...
by mhalley
Tue Nov 12, 2019 3:33 pm
Forum: Personal Investments
Topic: New Employer - 401(k)
Replies: 5
Views: 220

Re: New Employer - 401(k)

Some people like to have multiple accounts in case of the remote possibility of being hacked. This possibility is pretty remote if you take proper online security precautions. Many prefer the simplicity of fewer accounts which makes rebalancing easier. With spreadsheets or account aggregators availa...
by mhalley
Tue Nov 12, 2019 3:28 pm
Forum: Personal Consumer Issues
Topic: Tech guys need help with Mesh wifi booster...
Replies: 47
Views: 2136

Re: Tech guys need help with Mesh wifi booster...

It is best to turn off the WiFi in the old modem/router to prevent interference between the 2 routers. You could make sure you put them on widely different channels, but turning off the old one ensures no problems. Just as a single point of reference, I have a high end power line system to use on my...
by mhalley
Sun Nov 10, 2019 11:55 pm
Forum: Personal Consumer Issues
Topic: Tech guys need help with Mesh wifi booster...
Replies: 47
Views: 2136

Re: Tech guys need help with Mesh wifi booster...

You just have to go into the settings to turn it off. If you google whatever type you have, ie turn off Comcast WiFi, turn off Fio’s WiFi, etc it will give step by step instructions.
by mhalley
Sun Nov 10, 2019 11:49 pm
Forum: Personal Investments
Topic: Best broker for young newbie?
Replies: 10
Views: 736

Re: Best broker for young newbie?

I think etfs are a little more complicated than mutual funds, so I would recommend fidelity and Schwab.
by mhalley
Sun Nov 10, 2019 4:41 pm
Forum: Personal Investments
Topic: Dad is looking to move money out of Fisher Investments...need advice
Replies: 16
Views: 2621

Re: Dad is looking to move money out of Fisher Investments...need advice

I agree that the proposed aa are very aggressive. I would say anywhere between 40 to 60% equities would be more appropriate. Either 1 or 2 aa adjusted to be more conservative would be fine, but you might use the small cap value fund instead if the sc index.
by mhalley
Sun Nov 10, 2019 2:31 pm
Forum: Personal Investments
Topic: Backdoor Roth Gone Wrong
Replies: 12
Views: 1228

Re: Backdoor Roth Gone Wrong

Yes, you should correct the form 8606. If you just finished training, won’t your income, therefore tax bracket, be higher in 2020? Thus getting it done in 2019 might be a little cheaper.
by mhalley
Sat Nov 09, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do about this. [sell current house during medical school?]
Replies: 2
Views: 227

Re: What would you do about this. [sell current house during medical school?]

Medical school is 2 full time jobs, you don’t need a third. Sell. Congratulations on you acceptance! If you arent familiar already, check out white coat investors website. He has lots of tips on how to handle student loans etc. Defiinately sign up for his emails, well worth your time. https://www.wh...
by mhalley
Fri Nov 08, 2019 6:15 pm
Forum: Personal Investments
Topic: Is Deferred Compensation Program Risky?
Replies: 19
Views: 2085

Re: Is Deferred Compensation Program Risky?

Choosing the correct payout schedule is key in these types of plans. I agree that there is way too much risk tied to the company. I think investing in the deferred comp plan is reasonable if you feel the co is very strong, but I would drastically cut the company stock. Probably to 5% of equities. I ...
by mhalley
Fri Nov 08, 2019 6:04 pm
Forum: Personal Investments
Topic: Investing in Taxable Account. Good or bad?
Replies: 20
Views: 2091

Re: Investing in Taxable Account. Good or bad?

WCI runs some figures here: https://www.whitecoatinvestor.com/whats-a-401k-worth/ let’s just consider the value of having untaxed reinvested dividends. Let’s say our investment grows at 8% a year; let’s say 2% of that is a dividend taxed at 18.8%. So in the taxable account, that means the investment...
by mhalley
Fri Nov 08, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: Acura TLX owners
Replies: 17
Views: 1480

Re: Acura TLX owners

I don't have a TLX, but a 2012 TL SHO. I got it at the time because we get a fair amount of snow and it was imperative that I be able to get to work, and often would be going to work at 9pm at night, or getting off work at 3 am. Best car I ever owned. Currently 60k miles with nary a mechanical issue...
by mhalley
Fri Nov 08, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score vs down payment
Replies: 25
Views: 1507

Re: Credit score vs down payment

I would say going 12k into further debt when you have a cc balance is not wise. You should significantly decrease the price on the car you buy. Get a <5k beater, then when you get the cc payed off, and your credit score improves, get the 12k car. Get the car inspected by an independant mechanic befo...
by mhalley
Thu Nov 07, 2019 1:57 pm
Forum: Personal Investments
Topic: Roth Front end fees & Whole Life. Keep or something else?
Replies: 5
Views: 221

Re: Roth Front end fees & Whole Life. Keep or something else?

Twelcone to the forum. ransferring the Roth to vanguard, Fidelity or Schwab is a no brainer. Putting it in a tr fund at one of these would be fine, just be sure to use the fidelity freedom index ones if you go to Fidelity. The whole be your own bank thing is not ideal. Not quite a scam, but there ar...
by mhalley
Thu Nov 07, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Any way to "forfeit" income to avoid IRMAA cliff
Replies: 53
Views: 5885

Re: Any way to "forfeit" income to avoid IRMAA cliff

I think people worry a little too much about paying the IRMAA penalty. If you are doing Roth conversions and not getting a subsidy, then your insurance premiums are sky high, plus you have a huge deductible. Before I went on Medicare, my non subsidized premium was $2845 a month for my wife and I, an...
by mhalley
Thu Nov 07, 2019 2:39 am
Forum: Personal Investments
Topic: How to track down a long lost 401k?
Replies: 8
Views: 810

Re: How to track down a long lost 401k?

You might try the missing money sites.

https://www.missingmoney.com/en/
And

https://www.unclaimed.org/

Clark Howard talks about finding money here
https://clark.com/personal-finance-cred ... oney-easy/
by mhalley
Thu Nov 07, 2019 2:24 am
Forum: Personal Consumer Issues
Topic: recommendation request for cell data service and device
Replies: 9
Views: 859

Re: recommendation request for cell data service and device

Try Clark Howard’s recs.

https://clark.com/cell-phones/best-cell ... ans-deals/
Black Friday cell phone deals should be starting soon.
by mhalley
Wed Nov 06, 2019 5:26 pm
Forum: Personal Investments
Topic: IRA instead of 401k with high expenses and no match
Replies: 10
Views: 412

Re: IRA instead of 401k with high expenses and no match

A couple of rules of thumb. Order of investments 1.401k to match 2. Roth IRA 3. Max 401k 4. Taxable investing. HSA might be 1a or 2a. 401k is better than taxable until fees exceed 1.7% Fidelity, vanguard and Schwab are all great. Read the wiki, particularly getting started, asset allocation, and 3 f...
by mhalley
Wed Nov 06, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: How to draw money from 401k in retirement?
Replies: 9
Views: 1457

Re: How to draw money from 401k in retirement?

There are many ways to do it. I have elected to stick to 50/50, but some recommend dropping lower then increasing stocks to decrease sequence of returns risk. Selling equal parts is reasonable. Dividends are not the answer. Physician on fire had a post with his drawdown strategy, with links to other...
by mhalley
Wed Nov 06, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401k Withdrawal Rules
Replies: 11
Views: 542

Re: Roth 401k Withdrawal Rules

401k withdrawal rules are different than Roth IRA withdrawal rules. You can’t withdraw the contributions from the 401k like you can from the Roth. You could take out a loan, but not a fan myself. https://www.investopedia.com/ask/answers/101314/what-are-roth-401k-withdrawal-rules.asp Roth 401(k) With...
by mhalley
Wed Nov 06, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Credit score vs down payment
Replies: 25
Views: 1507

Re: Credit score vs down payment

What percentage of utilization do you have now? I think getting the score above 660 would help a lot, but the money toward cc debt would be better as the interest rate on a cc is prbly going to be higher than a car loan. This info is a little old, but might give a better idea of what to expect on ra...
by mhalley
Tue Nov 05, 2019 11:55 am
Forum: Personal Consumer Issues
Topic: Electric shavers - foil vs rotary
Replies: 24
Views: 1906

Re: Electric shavers - foil vs rotary

With such limited use and the hard to reach area, you might consider using one of the “bladed” electric razors like the one blade. A blade should last a long time for you. I like the more expensive one, but the cheap one works fine, just not as many bells and whistles. https://www.amazon.com/Philips...
by mhalley
Tue Nov 05, 2019 1:14 am
Forum: Personal Investments
Topic: (Vanguard) How to move contributions for the year from Roth IRA to IRA?
Replies: 3
Views: 376

Re: (Vanguard) How to move contributions for the year from Roth IRA to IRA?

Sure, you can put your 6k contribution into traditional if you want, whether it is deductible depends on several factors. If you have already contributed the money to the Roth, then you need to recharacterise it. https://www.investopedia.com/ask/answers/081414/can-i-deduct-my-individual-retirement-a...
by mhalley
Mon Nov 04, 2019 3:08 pm
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 51
Views: 3664

Re: Wife's car hit in a parking lot - how to deal with various issues?

Seems simple enough. You take the car and get an estimate on the repairs, plus a separate estimate on how much the total of repairs plus paint job would be. You give the first estimate to the father and collect the money. He doesn't need to know about the second estimate. If I was the one paying, I ...
by mhalley
Mon Nov 04, 2019 2:45 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 1594

Re: Paying a contractor in cash

Banks are also on the look out for these amounts just below the limit. Having multiple transactions will probably trigger this. Structured Transactions Banks must also report transactions that are less than $10,000 when they believe that the dollar amount of those transactions was specifically chose...
by mhalley
Mon Nov 04, 2019 2:42 pm
Forum: Personal Investments
Topic: move brokerage mutual funds to Vanguard funds?
Replies: 6
Views: 493

Re: move brokerage mutual funds to Vanguard funds?

Banks are good at banking, not investing. They generally will have high fees, with certain exceptions. The main limiting step on transferring the money to vanguard funds is the amount of capital gains you have plus whether the funds can be transferred. Look up the symbol of the funds and go to vangu...
by mhalley
Sun Nov 03, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 28696

Re: Man’s life savings stolen from hijacked cellphone number

Sure, but it would be succeptible to the Sim swap also. I suppose a phone that wasn't associated with your name might be a little safer.
by mhalley
Wed Oct 30, 2019 6:02 pm
Forum: Personal Consumer Issues
Topic: cousin inherited older house - how to get solid overview of all repairs needed?
Replies: 21
Views: 1730

Re: cousin inherited older house - how to get solid overview of all repairs needed?

I would think that living in a house for years would lead to knowing if any major repairs were needed. I suppose a home inspection would be one way to get an opinion on if there are any problems.
by mhalley
Wed Oct 30, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Gift vs Joint Ownership?
Replies: 5
Views: 316

Re: Gift vs Joint Ownership?

How about a third option, gift the 30k this year, and make a loan for the rest, then forgive 30k each year till payed off? Might make the mortgage a little more difficult tho.
by mhalley
Wed Oct 30, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: Re-Invested Capital Gain Distributions - Tax Implications
Replies: 19
Views: 1211

Re: Re-Invested Capital Gain Distributions - Tax Implications

The funds that have capital gains will have taxes due whether they are reinvested or not. If he is invested in funds that throw off a lot of taxable gains, stopping the reinvestment will slow the growth of the capital gains and slow the compounding of the problem. Selling any losers and selling the ...
by mhalley
Wed Oct 30, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: 529 contribution limit when transferring
Replies: 3
Views: 138

Re: 529 contribution limit when transferring

Not an expert, but I would think that principle only matters for tax purposes, not contribution limits.
by mhalley
Tue Oct 29, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Help me find Drain Basket for Antique Sink
Replies: 4
Views: 344

Re: Help me find Drain Basket for Antique Sink

Maybe this expensive option would work ( I am horrible at diy, just idly google searching)
https://deabath.com/product/oversize-kitchen-drain/
This forum conversation may be helpful?
https://terrylove.com/forums/index.php? ... nel.40121/
by mhalley
Tue Oct 29, 2019 7:37 am
Forum: Personal Investments
Topic: Am I doing this right? Using a money manager...
Replies: 24
Views: 2309

Re: Am I doing this right? Using a money manager...

Good to hear that a bunch are vanguard funds, that makes it more palatable.
by mhalley
Mon Oct 28, 2019 11:34 pm
Forum: Personal Investments
Topic: Am I doing this right? Using a money manager...
Replies: 24
Views: 2309

Re: Am I doing this right? Using a money manager...

Don’t forget to add in the fees of the funds you are in to see how much you are paying. .6 plus 1.4 ER makes 2%!