Search found 8170 matches

by mhalley
Mon May 25, 2020 8:16 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 3
Views: 159

Re: Roth conversion

When you exchange to a Roth, you keep the same number of shares, and the taxes you pay is determined by the closing price the day you made the exchange. Cost basis isn’t really important in tax advantaged accounts.
by mhalley
Mon May 25, 2020 7:55 pm
Forum: Personal Investments
Topic: Should all international go in Roth?
Replies: 7
Views: 291

Re: Should all international go in Roth?

Passive International funds do not have “excessive” dividend yields, plus you can take foreign tax credit if they are in taxable accounts. It is higher than total stock market though, about 3% vs 1.78%.
by mhalley
Mon May 25, 2020 7:41 pm
Forum: Personal Investments
Topic: Maxed Out all Retirement Accounts, keep extra cash in savings or invest??
Replies: 4
Views: 493

Re: Maxed Out all Retirement Accounts, keep extra cash in savings or invest??

The only other potential tax savings would be an Hsa if you have a high deductible health plan. You could put In $7100 for a family plan in 2020. 12 months is on the high end for an emergency fund but is not unreasonable depending on your job security and risk tolerance.
by mhalley
Mon May 25, 2020 7:32 pm
Forum: Investing - Theory, News & General
Topic: Pros/Cons of taxable accounts for both spouses
Replies: 4
Views: 260

Re: Pros/Cons of taxable accounts for both spouses

I can’t see any reason to do it unless you are headed for divorce or had some money before you got married that you don’t want to commingle. One advantage of separate accounts is you might have broader beneficiary elections. This article discusses some pros and cons. https://www.fool.com/the-ascent/...
by mhalley
Mon May 25, 2020 3:38 pm
Forum: Personal Consumer Issues
Topic: Update current laptop or buy new one?
Replies: 26
Views: 1228

Re: Update current laptop or buy new one?

You might get by with the upgrades, but the mechanical failure of the hinge puts It into replacement mode for me.
by mhalley
Mon May 25, 2020 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help understanding Credit Utilization (new to credit cards)
Replies: 7
Views: 279

Re: Help understanding Credit Utilization (new to credit cards)

I think your end goal should be to get your cc limits high enough so you don’t have to worry about whether putting something on the cc is going to screw up your utilization and thus decrease your credit score. Of course this is much more important if you are planning taking out a mortgage or car loa...
by mhalley
Mon May 25, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help understanding Credit Utilization (new to credit cards)
Replies: 7
Views: 279

Re: Help understanding Credit Utilization (new to credit cards)

Good point, the date can be different for different cards, and some can report more than once a month, check with your cc co for their reporting dates if utilization could be a problem. I’ll describe the credit reporting process that originates with your Wells Fargo card statement and results in you...
by mhalley
Mon May 25, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Help understanding Credit Utilization (new to credit cards)
Replies: 7
Views: 279

Re: Help understanding Credit Utilization (new to credit cards)

Credit utilization is calculated when they send you the bill. So if you have a $1000 limit and charge $300, then your utilization is 30%. Now, if you pay the 300 after you get the bill , it does not reduce your utilization, it is still 30%. You can get around this by making a payment that clears pri...
by mhalley
Mon May 25, 2020 12:15 pm
Forum: Investing - Theory, News & General
Topic: New Morningstar Target Date Fund Rankings
Replies: 9
Views: 560

Re: New Morningstar Target Date Fund Rankings

American funds has numerous share classes (18 I think) , including one with a 5.75% load and 0.7% ER. Very easy to buy the wrong one.
by mhalley
Mon May 25, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: would you keep this life ins policy?
Replies: 6
Views: 504

Re: would you keep this life ins policy?

If no cash value an no need, cancel it.
by mhalley
Sun May 24, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: would you keep this life ins policy?
Replies: 6
Views: 504

Re: would you keep this life ins policy?

In general, when you no longer have the need for the coverage, it is best to cancel the policy. That being said, what kind of policy is it? whole life, term, universal? Is there a cash value? If it is just term, then cancel, but whole life MIGHT be worth keeping. But for such a small policy, cancell...
by mhalley
Sun May 24, 2020 12:50 pm
Forum: Personal Investments
Topic: Please help with a strategy
Replies: 5
Views: 314

Re: Please help with a strategy

Why is it all in cash? were you invested before and panicked when the market crashed? I think you need to determine your risk tolerance and figure out what your aa should be, then invest in something that will let you sleep at night (Probably less than 50% stocks). Most likely a target date fund in ...
by mhalley
Sun May 24, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment 7 month window vs ACA
Replies: 17
Views: 938

Re: Medicare Enrollment 7 month window vs ACA

Thanks for that link Huey, I learned something I didn't know. In light of this info, then it seems delaying medicare and continuing the $15 a month aca plan makes sense for the op. $15 a month. wow.
by mhalley
Sun May 24, 2020 12:37 pm
Forum: Personal Investments
Topic: Roth IRA and Traditional IRA, merge or no?
Replies: 10
Views: 749

Re: Roth IRA and Traditional IRA, merge or no?

The amount to save depends on when you want to retire. Check out MMM simple math post and take a look at your savings rate to see how long it will take you to get where you want to be.
https://www.mrmoneymustache.com/2012/01 ... etirement/
by mhalley
Sun May 24, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 97
Views: 5114

Re: Investors: be aware of weakness in 2FA + strengthening

I switched my 2fa to google voice secured by a google key. I feel this gives the best security aside from completely going to a key system.
by mhalley
Sun May 24, 2020 12:23 pm
Forum: Personal Investments
Topic: Dollar Cost Averaging - How long?
Replies: 14
Views: 1151

Re: Dollar Cost Averaging - How long?

I have read several articles about dca, and they all suggested different periods, ranging from 6 months to 18 months being the longest period. You pays your money and takes your choice. Just pick a time frame and stick with it.
by mhalley
Sun May 24, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment 7 month window vs ACA
Replies: 17
Views: 938

Re: Medicare Enrollment 7 month window vs ACA

Yes, but that is with subsidy isn't it? My hsa bronze plan (no subsidy) that didn't pay a penny until I spent 6k cost my wife and I over $1400 EACH a month at age 64. They sent me a quote that made me throw up in my mouth of what it would be at 65.
by mhalley
Sun May 24, 2020 12:13 pm
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 70
Views: 2565

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

A new graduate and a new bmw. Can you be any more cliche? I don't want to chide you too much, but what is the state of the rest of your finances? Do you have student loans? Are you contributing to your 401k and maxing your Roth? Do you want to buy a house in the next few years? This is a new job, ho...
by mhalley
Sun May 24, 2020 12:01 pm
Forum: Personal Investments
Topic: When I start doing a Roth Conversion...
Replies: 22
Views: 1235

Re: When I start doing a Roth Conversion...

I am not sure what you mean by "when we roll it in and when we roll it out". Once money is converted to a Roth, it is NEVER TAXED AGAIN. You do have to be mindful when doing roth conversions about what it does to your bracket. Plus he is talking about a 2015 tool, taxes are much different now. Your ...
by mhalley
Sun May 24, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment 7 month window vs ACA
Replies: 17
Views: 938

Re: Medicare Enrollment 7 month window vs ACA

You can keep the marketplace plan, but you won’t get any subsidy. Medicare is much much cheaper than a non subsidized ACA plan, so no reason to keep it after you hit 65. I would start the application in June. If you have a Marketplace plan, you can keep it until your Medicare coverage starts. Find o...
by mhalley
Sat May 23, 2020 1:42 pm
Forum: Personal Investments
Topic: New investor trying to understand tax loss harvesting
Replies: 5
Views: 265

Re: New investor trying to understand tax loss harvesting

You are missing the tax advantage. You have the $100 to offset the capital gain, OR if there are no capital gains to offset ordinary income. So in your scenario, you owe taxes on $200 without tlh, or on $100 with tlh. Since your example involves short term cap gains that is taxed as ordinary income,...
by mhalley
Sat May 23, 2020 12:29 am
Forum: Personal Consumer Issues
Topic: Saving Dashlane Generated Passwords
Replies: 3
Views: 270

Re: Saving Dashlane Generated Passwords

If google saves the password, you are negating the positive aspects of having a PW manager, as anyone can sit down at your computer and login to all your accounts. To login to your accounts, the person would need to know your dashlane pow to gain access. In order for dashlane to auto fill the POW yo...
by mhalley
Sat May 23, 2020 12:25 am
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 81
Views: 3777

Re: Tips to stick to a weight loss diet?

Ive lost weight multiple times over my life, but have kept it off for over five years by continuing to count calories and exercising 6 days a week. I use the app myfitnesspal to keep track. Supposedly counting calories is not great in the long run because it is a hassle, but I found it worked for me...
by mhalley
Thu May 21, 2020 6:17 pm
Forum: Personal Consumer Issues
Topic: Email for young teen with ability to auto delete nasty spam
Replies: 32
Views: 2121

Re: Email for young teen with ability to auto delete nasty spam

Have her create a new gmail account and send the new address to her contacts. Change the old gmail account password to one she doesn’t know, and you check her gmail for the next month or so and forward actual emails to her. If the spam stops, she can take the account back again.
by mhalley
Thu May 21, 2020 1:16 pm
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3390

Re: Do you dislike recurring billing for gyms?

If you don’t trust the gym, setup a free checking account and use it exclusively for that payment. Fidelity cma or Schwab bank should be fine for this.
by mhalley
Thu May 21, 2020 12:48 pm
Forum: Personal Investments
Topic: How to create 60/40 portfolio?
Replies: 9
Views: 1357

Re: How to create 60/40 portfolio?

Do you mean total bond vs tax exempt bond? Or prime mm vs muni mm? Whether it is advisable to use a muni vs regular bond fund depends on your tax bracket. Let’s look the current yields. Vanguard Total bond fund vbtlx 7 day yield 1.49% Vanguard int muni Vbilx 1.43% Now let’s figure the taxable equiva...
by mhalley
Thu May 21, 2020 12:55 am
Forum: Personal Consumer Issues
Topic: Tomato plant arrived before planter!
Replies: 7
Views: 668

Re: Tomato plant arrived before planter!

The plant would be sitting in its tiny container for a while at the nursery before being sold, but 2 weeks seems like a long time, I second repotting it.
by mhalley
Thu May 21, 2020 12:34 am
Forum: Personal Finance (Not Investing)
Topic: How can we do backdoor IRA as a family with a traditional IRA account
Replies: 10
Views: 590

Re: How can we do backdoor IRA as a family with a traditional IRA account

Yes, if filing mj then you have to use your total income. IRAs are individual, so wife can do the backdoor but husband can’t unless he gets rid of the trad ira, either by rolling it into a 401k or converting it to a Roth. The lower your income, the less taxes you would pay on the Roth conversion. If...
by mhalley
Wed May 20, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Home Insurance Strategy - Minimizing Costs and When to File Claim?
Replies: 3
Views: 257

Re: Home Insurance Strategy - Minimizing Costs and When to File Claim?

You should def increase your deductible. Home insurance claims should only be filed for a very large loss due to the fact that ins co will not be happy with any claims, could very well cancel you, and will put you on the clue report.
https://clark.com/insurance/homeowners- ... ile-claim/
by mhalley
Wed May 20, 2020 1:59 pm
Forum: Personal Consumer Issues
Topic: Decluttering old Movies/DVDs
Replies: 2
Views: 279

Re: Decluttering old Movies/DVDs

1 hour of mpeg 2 is about that
https://www.digitalrebellion.com/webapps/videocalc
I don’t remember when the added drm, but at some point just copying the files won’t work. You should probably use an actual dvd backup program.

https://www.techradar.com/news/the-best-free-dvd-ripper
by mhalley
Wed May 20, 2020 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Over-deferral to get new employer match
Replies: 13
Views: 426

Re: Over-deferral to get new employer match

I think it is illegal to “decline to help”. https://www.nerdwallet.com/blog/investing/excess-401k-contribution-what-to-do/ Contact your employer or plan administrator. Some lingo can be helpful here: Tell your plan administrator you’ve made an “excess deferral.” For example, if in 2019 you contribut...
by mhalley
Wed May 20, 2020 12:24 pm
Forum: Personal Investments
Topic: Social Security Questions
Replies: 7
Views: 937

Re: Social Security Questions

1 and 2 are both correct. I second using open social security to determine the best strategy. In addition, I suggest reading a SS book, such as Mike Pipers. (He runs the open social security site) https://www.amazon.com/Social-Security-Made-Simple-Retirement/dp/099794658X/ref=dp_ob_title_bk Or Laure...
by mhalley
Wed May 20, 2020 12:14 pm
Forum: Personal Consumer Issues
Topic: Safely disinfecting frozen food packages from corona virus?
Replies: 51
Views: 3551

Re: Safely disinfecting frozen food packages from corona virus?

Seems like overkill. The FDA says it is not needed. We want to reassure consumers that there is currently no evidence of human or animal food or food packaging being associated with transmission of the coronavirus that causes COVID-19,'' the FDA wrote in a news release. "This particular coronavirus ...
by mhalley
Wed May 20, 2020 3:37 am
Forum: Personal Investments
Topic: Too many complex retirement plans - help with modeling withdrawal strategies
Replies: 2
Views: 470

Re: Too many complex retirement plans - help with modeling withdrawal strategies

The number of plans doesn’t matter, just combine them together by type. I am not sure how I-orp models the inherited ira. It wouldn’t be exact, but you might put the inherited ira in as a non ending part time job. You might put the buy out in as a part time job with an end point, but I’m not Familia...
by mhalley
Tue May 19, 2020 6:42 pm
Forum: Personal Consumer Issues
Topic: Hot Tub hard water
Replies: 8
Views: 536

Re: Hot Tub hard water

I know nothing about it but maybe this will help.
https://hottubworks.com/blog/hard-water ... -tubs.html
by mhalley
Tue May 19, 2020 6:25 pm
Forum: Investing - Theory, News & General
Topic: [How do I use Vanguard's "Outside Investments" feature?]
Replies: 7
Views: 503

Re: [How do I use Vanguard's "Outside Investments" feature?]

I also never filled in those details, but I suppose it might have some value for someone just starting out. Putting in the fees part might be especially helpful when you see how much you are being gouged.
by mhalley
Tue May 19, 2020 6:16 pm
Forum: Investing - Theory, News & General
Topic: [How do I use Vanguard's "Outside Investments" feature?]
Replies: 7
Views: 503

Re: [How do I use Vanguard's "Outside Investments" feature?]

My recommendation is ditch EJ and move to vanguard, thus doing away with the need for the outside investment feature :sharebeer see the many EJ threads here. As to the actual question, you could look at the EJ website settings page to turn on cost basis of your holding. This article discusses your a...
by mhalley
Tue May 19, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: My idea for a 3-fund portfolio
Replies: 13
Views: 838

Re: My idea for a 3-fund portfolio

Standard platitude if the day: Nobody knows nothin. How many decades has Japan been undervalued? https://money.cnn.com/2014/12/29/investing/japan-nikkei-stocks-1989-peak/ These charts are interesting. I’ll leave it for you to decide if 5hey support your argument. https://www.visualcapitalist.com/wor...
by mhalley
Tue May 19, 2020 2:34 am
Forum: Personal Consumer Issues
Topic: Ring video doorbell question
Replies: 11
Views: 1105

Re: Ring video doorbell question

I had a ring 2 and never could get the motion sensor to work right for me, plus you have to pay to record videos. I just replaced it with the eufy system and it is working much better. It comes with a local box that connects the doorbell to your WiFi and stores the video locally for no fee. You migh...
by mhalley
Fri May 15, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: Must carry more than one credit card
Replies: 53
Views: 3405

Re: Must carry more than one credit card

I agree carrying 2 cards is prudent. Perhaps you could add a google phone number to the account so if you run into the phone number problem again you could use that.
by mhalley
Fri May 15, 2020 1:33 pm
Forum: Personal Investments
Topic: Beginner looking for guided investment service
Replies: 21
Views: 1093

Re: Beginner looking for guided investment service

If you don’t have any goals outside of retirement, invest the money as part of your retirement asset allocation, keeping in mind you want a 3 to 6 month emergency fund. How much to save for retirement depends on how many years from now you want to retire. See MMM post on the simple math of early ret...
by mhalley
Fri May 15, 2020 11:42 am
Forum: Investing - Theory, News & General
Topic: [Rant] Vanguard Letters
Replies: 6
Views: 1098

Re: [Rant] Vanguard Letters

Changing passwords annually does not actually increase your security. If it is causing problems, stop doing it. https://arstechnica.com/information-technology/2016/08/frequent-password-changes-are-the-enemy-of-security-ftc-technologist-says/ Over the past few years, organizations including the Natio...
by mhalley
Thu May 14, 2020 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Question re deferred social security claim
Replies: 3
Views: 308

Re: Question re deferred social security claim

It looks like the spouse will get the benefit of the delayed credits. I believe SS goes by month, so if the spouse died at age 68 and 7 months, she would get that AT HER FRA. Her benefit would be decreased is she filed earlier. Neither of You Had Started Benefits If neither of you had started benefi...
by mhalley
Wed May 13, 2020 7:10 pm
Forum: Personal Investments
Topic: Beginner looking for guided investment service
Replies: 21
Views: 1093

Re: Beginner looking for guided investment service

Sure, transferring money in the ira is a good idea. I am not a fan of blended funds in taxable accounts, but depending on your tax bracket it might be ok, but you lose the ability to tax loss harvest. Whether to put the taxable money in a tr fund also depends on your goal for the money. As a general...
by mhalley
Wed May 13, 2020 12:50 pm
Forum: Personal Investments
Topic: ROTH & TRAD 401k question
Replies: 5
Views: 383

Re: ROTH & TRAD 401k question

In general, you can’t rollover 401ks to iras as long as you work for the company. plans do allow in Service rollovers, but it is often tied to age 59 1/2. We have no idea what tax rates will be in the future. Early in the career, while income is lower and the money has more time to grow, Roth would ...
by mhalley
Wed May 13, 2020 11:46 am
Forum: Personal Investments
Topic: Beginner looking for guided investment service
Replies: 21
Views: 1093

Re: Beginner looking for guided investment service

Welcome to the forum. Vanguard pas will most likely setup a 4 fund portfolio, as they believe intl bonds should be part of your portfolio. I have used plan vision and was pleased, but I don’t think his service is what you are looking for. Setting up a 3fund portfolio is pretty easy. Transfer your mo...
by mhalley
Tue May 12, 2020 6:28 pm
Forum: Personal Consumer Issues
Topic: Medicare initial enrollment during COVID-19
Replies: 1
Views: 218

Re: Medicare initial enrollment during COVID-19

I don’t think covid would affect Medicare application. I am pretty sure that Medicare worker counts as an essential job. Medicaid, sure, lots of people lost jobs so volume will be high. Additionally, you can start the process 3 mos in advance, start it the first day you can and you should be fine.
by mhalley
Tue May 12, 2020 3:34 pm
Forum: Personal Investments
Topic: radical AA changes; where to put the proceeds?
Replies: 6
Views: 380

Re: radical AA changes; where to put the proceeds?

A general rule of thumb is that you don’t want to go below 30% stocks as you might not keep up with inflation if you go lower. I propose the center of gravity for those who have accumulated enough for retirement to be 30% stocks and 70% bonds. This is a conservative mix that has enough equity to gro...
by mhalley
Tue May 12, 2020 3:06 pm
Forum: Personal Investments
Topic: International Equity Fund Placement
Replies: 13
Views: 1061

Re: International Equity Fund Placement

Not a very good option of funds could mean a great many things. As a general rule of thumb, you are better off investing in a retirement account over a taxable account until total costs in the retirement account exceed 1.7%. Bogleheads sometimes go to extremes over the expense ratios, but sometimes ...
by mhalley
Tue May 12, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Naming Beneficiaries at Vanguard
Replies: 15
Views: 974

Re: Naming Beneficiaries at Vanguard

Perhaps this web page will help. It seems to imply not to use names and per stirpes. If you wanted to leave different amounts to children, then you would need to name them and the %.I think vanguard relies on an executor or beneficiary to contact them to get the money if you die. https://investor.va...