Search found 5110 matches

by mhalley
Tue Nov 21, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: First time investor looking to jump in market but apprehensive with record highs
Replies: 7
Views: 179

Re: First time investor looking to jump in market but apprehensive with record highs

Ahh, the classic dca vs lump sum dilemma. The wiki states that if you lump sum, then you will make more money something like 66 percent of the time. https://www.bogleheads.org/wiki/Dollar_cost_averaging But if investing all at once followed by a big drop will scare you, it is fine to dca the money. ...
by mhalley
Sat Nov 18, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investment ideas to get to retirement faster and in better shape!
Replies: 7
Views: 689

Re: Help with investment ideas to get to retirement faster and in better shape!

I agree that at this point it is all about the savings rate. Check out MMM post on simple math of early retirement. I also agree about the tax placement, I would consider more stocks in taxable and more bonds or CDs in tax deferred. It doesn’t have to be 100 percent, but consider going to 50 percent...
by mhalley
Fri Nov 17, 2017 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - should we do it?
Replies: 9
Views: 934

Re: Backdoor Roth - should we do it?

I think at a 25 percent bracket a backdoor Roth makes sense. Otoh, if you do not plan on doing them yearly, I would not contribute to a non deductable Ira.
by mhalley
Fri Nov 17, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Take Pension or Lump Sum payout?
Replies: 12
Views: 1073

Re: Take Pension or Lump Sum payout?

To generate 72 k a year you would need to have 1.8 million dollars. 900k would generate only 36 k a year. (This is based on the 4 per cent safe withdrawal rate) So if you took the pension, and the pension was cut by half, you would still be doing as well as if you took the lump sum. That being said,...
by mhalley
Thu Nov 16, 2017 6:54 pm
Forum: Investing - Theory, News & General
Topic: Anti-Index Fund Arguments - Help staying the course.
Replies: 19
Views: 2447

Re: Anti-Index Fund Arguments - Help staying the course.

There have been detractors of index funds since the launch of “Bogles Folly”. I would just look at this as yet another example of financial porn. Here are a couple of points off the top of my head: 1. The turnover of index funds is relatively low, I think total stock market is .03%. Buying one of th...
by mhalley
Thu Nov 16, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Do you have to have one of these plans- 401k, 403(b),TSP, 457 plan, or an IRA to take money out early?
Replies: 2
Views: 190

Re: Do you have to have one of these plans- 401k, 403(b),TSP, 457 plan, or an IRA to take money out early?

The question is very vague, can you be more specific? Each of these types of plans has its own set of rules. For example, 457 plans do not have an early withdrawal penalty, only taxes. This site has some withdrwal rules for several plan types: https://www.balancepro.net/education/publications/earlyw...
by mhalley
Thu Nov 16, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Identity Theft Credit Score
Replies: 13
Views: 1126

Re: Identity Theft Credit Score

I think you have to dispute the credit report online or by mail, not over the phone. This site has info, including sample letters.

https://www.consumerfinance.gov/ask-cfp ... rt-en-314/
by mhalley
Thu Nov 16, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: Recommend Cheap Windows Desktop for TurboTax
Replies: 2
Views: 363

Re: Recommend Cheap Windows Desktop for TurboTax

Why not get a program that lets you run Windows on your Mac?

http://www.zdnet.com/article/how-to-run ... -your-mac/
by mhalley
Thu Nov 16, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth
Replies: 2
Views: 299

Re: Backdoor Roth

Wci discusses how to deal with this here:
https://www.whitecoatinvestor.com/penni ... -roth-ira/
by mhalley
Thu Nov 16, 2017 11:41 am
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 101
Views: 7326

Re: Has used furniture dropped in value dramatically?

Clark Howard talked about this recently. He said his brother recently moved into a new house (sorry, don’t remember the size, so let’s just say one br, lr and dr) and he furnished it off Craig’s list for one thousand dolla.
by mhalley
Wed Nov 15, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4433

Re: Fair way to split expenses?

There 2 way to do it, depending on your income disparity. If you both make similar incomes, then just going 50/50 is fine. If there is a wage gap, then each contributing the percentage they bring home seems more fair. Say monthly expenses are 2000 dollars, wife brings home 4000 and husband brings ho...
by mhalley
Mon Nov 13, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Help deciding between Wellesley and 4 Corporate Bond Index Funds
Replies: 14
Views: 1535

Re: Help deciding between Wellesley and 4 Corporate Bond Index Funds

Bogleheads in general prefer to take risk on the equity side, not the bond side so that rules out the high income fund. Wellesley is a blended fund that contains a significant portion of stocks, so it is not a substitute for a bond fund unless you take the stock percentage into account in calculatin...
by mhalley
Sat Nov 11, 2017 8:36 pm
Forum: Personal Consumer Issues
Topic: ID.me and credit freeze
Replies: 1
Views: 295

Re: ID.me and credit freeze

The cost to unfreeze depends on the state, you usually pick how long you want the thaw to last. Equifax has extended its free freeze thaw for a year due to the breach I believe, and are working on some type of lifetime free program. http://consumersunion.org/research/consumers-unions-guide-to-securi...
by mhalley
Sat Nov 11, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any financial veterans benefits for Seniors?
Replies: 3
Views: 388

Re: Any financial veterans benefits for Seniors?

They recently opened online px stores to veterans, don’t know if they have any great deals. And of course usaa products (insurance, banking, etc). https://www.vetverify.org/ https://www.usaa.com/inet/ent_logon/Logon?redirectjsp=true And lots of places have some free products on Veterans Day. https:/...
by mhalley
Sat Nov 11, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: do I need two different credit card companies
Replies: 14
Views: 1197

Re: do I need two different credit card companies

Another thing to remember is that if you only have one credit card, you are decreasing the amount of credit you have, thus increasing your credit utilization, which could decrease your fico score. Even if you pay the card off in full when you get the bill, you might increase your utilization to be o...
by mhalley
Sat Nov 11, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Isn't it safer to NOT sign Credit card?
Replies: 97
Views: 6229

Re: Isn't it safer to NOT sign Credit card?

Another thing to consider is how inaccurate the digital signature pads are. They are in a different position than normal for writing, which alters your signature. Half the time the plastic pen is defective or missing, leading to signing with your finger, multiple skipped areas of the signature, etc....
by mhalley
Sat Nov 11, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Need to move money in my 401k Don't know where.
Replies: 2
Views: 337

Re: Need to move money in my 401k Don't know where.

Welcome to the forum! Certainly getting out of the single stocks is a good idea. Your portfolio looks like a hodgepodge. For example, anything under 5 % only complicates things without improving performance. I think the thing you need to do is decide how you want to invest and come up with an invest...
by mhalley
Fri Nov 10, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab PCRA Fee VS more options
Replies: 5
Views: 430

Re: Schwab PCRA Fee VS more options

You usually use a pcra to escape high fee choices in your retirement account. If there are vanguard funds available, then there is no need for the pcra. Vitlx seems to be a perfect solution. I would not use it plus additional funds.
by mhalley
Wed Nov 08, 2017 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Ran out of space for bonds in tax-deferred accounts. Now what?
Replies: 17
Views: 1909

Re: Ran out of space for bonds in tax-deferred accounts. Now what?

At 33%, you would want a muni fund. Intermediate term and possibly state specific if your state has an income tax and there is one available. With fsitx I assume you are at fido. You will pay about .5% for fido or ntf funds, so you might want to go with ETFs. https://www.fidelity.com/fund-screener/e...
by mhalley
Wed Nov 08, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: Benefits at 55
Replies: 7
Views: 1278

Re: Benefits at 55

Lots of companies start their “senior” discounts at 55. Some even start at 50, but 60 seems to be the most common.
Here is a website with lists for resteraunts, grocery, travel, retail, etc.
https://www.theseniorlist.com/
by mhalley
Wed Nov 08, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Questions
Replies: 14
Views: 774

Re: Backdoor Roth Questions

Not enough info. What is your current tax bracket? Do you plan on continuing to max out backdoor roths in the future? Projected tax bracket in retirement?
by mhalley
Wed Nov 08, 2017 2:46 am
Forum: Personal Finance (Not Investing)
Topic: Traditional to Roth IRA Question
Replies: 4
Views: 630

Re: Traditional to Roth IRA Question

1. Taxes are due in the year of conversion.
2. Yes
In order to avoid the pro rate rule, the conversion should be completed by dec 31 if you decide to do the backdoor Roth.
by mhalley
Tue Nov 07, 2017 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: transferring from Edward Jones to Vanguard question
Replies: 5
Views: 504

Re: transferring from Edward Jones to Vanguard question

Selling and then transferring will not encur any taxes. You can transfer some but not all mutual funds in kind. You can look at Vanguards site to see if they have the option to buy or transfer the funds there. Look for the symbol of your mutual fund here: https://investor.vanguard.com/search/?query=...
by mhalley
Mon Nov 06, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: The power of cancellation
Replies: 15
Views: 2588

The power of cancellation

I had a subscription to Sirius XM that was up for renewal this month. I no longer listen to it much as I retired, no longer commute, and mostly listened to the Doctor radio station. I looked at my account and it was scheduled to auto renew for 2 years at $584.69. When I called to cancel, they offere...
by mhalley
Sun Nov 05, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement strategy to reduce future tax
Replies: 4
Views: 956

Re: Retirement strategy to reduce future tax

I think that it makes sense to do Roth conversions when you have several years from retirement until you reach age 70. You have very few years, so there will not be many years to gradually do the conversions, so most likely the plan would not make sense for you. You can try running some numbers at I...
by mhalley
Thu Nov 02, 2017 7:05 pm
Forum: Personal Consumer Issues
Topic: Use Time Warner for home phone vs ATT
Replies: 9
Views: 774

Re: Use Time Warner for home phone vs ATT

We switched from landline with traditional copper to using Ooma with VOIP, only 5 dollars a month, very satisfied.
by mhalley
Thu Nov 02, 2017 3:08 am
Forum: Investing - Help with Personal Investments
Topic: Full Overhaul of my Retirement Account, Thoughts? Help?
Replies: 5
Views: 672

Re: Full Overhaul of my Retirement Account, Thoughts? Help?

I would prefer assets with higher appreciation potential (stock funds) to be in the Roth as opposed to regular tax deferred. As roths have no rmds, this might mean less taxes in retirement.
https://obliviousinvestor.com/stocks-in ... ional-ira/
by mhalley
Mon Oct 30, 2017 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Is inherited IRA an asset on the FAFSA?
Replies: 4
Views: 596

Re: Is inherited IRA an asset on the FAFSA?

I am no expert, but imho an inherited Ira is still a qualified retirement plan and would not be reported, but the rmd would be reported as income. You might ask an expert here:
http://www.finaid.org/questions/askadvisor.phtml
by mhalley
Sun Oct 29, 2017 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Taxable Acct/Early Retirement
Replies: 4
Views: 850

Re: Portfolio Advice - Taxable Acct/Early Retirement

Whether to convert to a Roth depends on a multitude of factors, including current and expected tax rate in retirement, retirement age,potential need for backdoor Roth In the future, amount of taxes that would need to be paid and availability of funds to pay them, etc. some gurus such as James Lange ...
by mhalley
Sun Oct 29, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: RMD and Roth Conversion.
Replies: 5
Views: 429

Re: RMD and Roth Conversion.

Remember Roth conversions DO NOT COUNT toward the rmd. If you already did the rmd, feel free to convert to Roth, rollover to another Ira, or withdraw more funds if you need them.
by mhalley
Sun Oct 29, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Performance of Actively Managed Account...
Replies: 16
Views: 1088

Re: Performance of Actively Managed Account...

Leave. The reason you are getting such good returns on bonds has to be that he is taking large risks on the bond side. So you are actually in a much riskier portfolio than you think you are.
by mhalley
Sat Oct 28, 2017 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Need some advice on our unique situation, thoughts appreciated!
Replies: 11
Views: 1207

Re: Need some advice on our unique situation, thoughts appreciated!

I think the only thing I would suggest is max both 401ks and then put the rest to the loans. Wci has a good post on invest vs loans.
https://www.whitecoatinvestor.com/stude ... investing/
by mhalley
Sat Oct 28, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Voice recognition security at Fidelity? Go for it or not?
Replies: 9
Views: 858

Re: Voice recognition security at Fidelity? Go for it or not?

Very good question, I have been considering setting this up for all my accounts that offer it. I never do stuff over the phone, but hopefully might decrease the likelihood of fraud. OTOH, for someone to target you for identity theft, then record your voice, then use that recording to hijack your acc...
by mhalley
Sat Oct 28, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions for a single retired guy
Replies: 3
Views: 443

Re: Roth Conversions for a single retired guy

Probably depends on the amount in your 401k/Ira, plus whether you want to leave money to family. Use an rmd calculator, ss calculator, plus tax software such as taxcaster. What does this project your income and tax bracket will be at 70? You can also use I-orp to run some simulations with and withou...
by mhalley
Sat Oct 28, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: we're going to get hit with taxes next year, help please
Replies: 21
Views: 2221

Re: we're going to get hit with taxes next year, help please

The only thing worse than needing to pay taxes is not making enough money to need to pay taxes. I was listening to a podcast today that recommended the alternate year strategy for taxes, ie give the yearly amount you normally give to charity every other year. Of course then you won’t have that deduc...
by mhalley
Sat Oct 28, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: Amazon kindle paperwhite
Replies: 69
Views: 3496

Re: Amazon kindle paperwhite

Overdrive will show you eligible libraries near You.


https://www.overdrive.com/
by mhalley
Sat Oct 28, 2017 12:38 pm
Forum: Personal Consumer Issues
Topic: Heavy Duty Boxes for long term storage
Replies: 6
Views: 515

Re: Heavy Duty Boxes for long term storage

It doesn’t look to me like those are airtight, so there might be a small chance of insects getting in and causing damage. Maybe something that is airtight might be better. No personal experience, but these say they protect from pests. https://www.amazon.com/dp/B01B3DN9V4/ref=twister_B076H9LK45 Or pe...
by mhalley
Sat Oct 28, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: VG free turbo tax?
Replies: 26
Views: 2197

Re: VG free turbo tax?

That used to be a perk several years ago, but they discontinued that benefit in 2015.

https://www.cnbc.com/2015/12/03/vanguar ... ducts.html
by mhalley
Sat Oct 28, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple brokerage accounts?
Replies: 12
Views: 699

Re: Multiple brokerage accounts?

I don’t think it is necessary to have multiple brokerage accounts, but I do. It actually makes rebalancing and tax loss harvesting more difficult. My reasoning is that in the event of some catastrophe (see the recent post on someone’s account being hijacked) they won’t get all of my money. Most like...
by mhalley
Sat Oct 28, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Transform stock + cash into a better portfolio
Replies: 4
Views: 239

Re: Transform stock + cash into a better portfolio

You have stocks and cash, but what is your desired asset allocation? This is the standard dca vs lump sum investment question. People have been saying the market is overvalued and due for a crash for years now, and one of these days they will be right and it will crash, I believe the statistics say ...
by mhalley
Sat Oct 28, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: How to account for sales charges in portfolio calculations?
Replies: 3
Views: 478

Re: How to account for sales charges in portfolio calculations?

Finra has a tool to calculate the effect of expenses on up to 3 funds, but does not use historical returns and only allows lump sum calculation and you pick the annual return. http://apps.finra.org/fundanalyzer/1/fa.aspx This site shows how to make a spreadsheet to calculate the damage of fees. http...
by mhalley
Fri Oct 27, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Worth Exchanging a Mutual Fund?
Replies: 5
Views: 603

Re: Worth Exchanging a Mutual Fund?

Moving it from rj is a no brainer. You could take several approaches. First, turn off dividend reinvestment. Then, either exchange it all at once or some each year, and accelerate it if there is a crash. I went to the finra site and put in 28k over 20 years vs total stock market, assuming a 7 percen...
by mhalley
Thu Oct 26, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 130
Views: 13941

Re: MoviePass-Too good to be true, but it's legit.

Maybe the movie theaters are freaked out due to the unlimited part. If it was something reasonable or had tiers, maybe it would be less threatening. Say ten bucks gets you a movie a week, 20 two a week, thirty 3, etc. I go to movies all the time but seldom buy the snacks due to the prices, would def...
by mhalley
Thu Oct 26, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Hello from a late starter
Replies: 9
Views: 1481

Re: Hello from a late starter

I think the best place to start is here at the wiki. Pay particular attention to the asset allocation, three fund portfolio and the investor policy statement section. https://www.bogleheads.org/wiki/Three-fund_portfolio If you have specific questions, post in the recommended format and we will be ha...
by mhalley
Thu Oct 26, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: when to rebalance?
Replies: 6
Views: 355

Re: when to rebalance?

I think many people use 5% (I do).the wiki has several suggestions, such as absolute vs relative percentage. . When asset classes deviate from their target by a certain absolute percentage. For example, if your target asset allocation is 60% equities and 40% fixed income and your (absolute) rebalanc...
by mhalley
Thu Oct 26, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: Birth Certificate/Name Issues
Replies: 20
Views: 1730

Re: Birth Certificate/Name Issues

You say your parents changed your name, but was this does officially or just hey, instead of calling him Tom we are going to go with Tim? My understanding is that it is relatively easy to get your name changed to anything you want, no lawyer needed. Legal Zoom has a guide to the process. Then you wo...