Search found 6272 matches

by mhalley
Tue Dec 11, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: Not accepting Medicare benefits
Replies: 11
Views: 779

Re: Not accepting Medicare benefits

You are correct about the penalty.
While it is unfortunate that you are punished for being successful, look on the bright side. My wife and I are paying $2861 a month for hsa bronze plan so we will welcome the “high” Medicare premiums next year.
by mhalley
Tue Dec 11, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Credit Report - Debt increased from 10k to 140k - NOT TRUE
Replies: 5
Views: 460

Re: Credit Report - Debt increased from 10k to 140k - NOT TRUE

Go to annual credit report dot com and pull your 3 credit reports and review them for Id theft or errors.
Freeze your credit reports if not already done.

https://www.annualcreditreport.com/index.action

https://clark.com/personal-finance-cred ... haw-guide/
by mhalley
Mon Dec 10, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting with crypto
Replies: 5
Views: 652

Re: Tax loss harvesting with crypto

If you didn’t learn your lesson, wash sales do not apply to crypto.
https://blog.visor.com/crypto/tax-rules ... cy-losses/
by mhalley
Mon Dec 10, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: New Retiree Investment Strategy
Replies: 12
Views: 1107

Re: New Retiree Investment Stratedgy

Your strategy is not diversified enough. 75% in Reits is very risky. In addition, bogleheads are not dividend focused, relying instead on total return. You might read the vanguard white paper on the subject. https://personal.vanguard.com/pdf/s352.pdf . The current low-yield environment is leading ma...
by mhalley
Mon Dec 10, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving Edward Jones for Fidelity
Replies: 3
Views: 596

Re: Leaving Edward Jones for Fidelity

Initiate the transfers from the fidelity accounts and liquidate the funds at ej. Can you liquidate on-line or do you need to call? Calling opens you up to the salesman sowing fud to try to get you to stay.
by mhalley
Mon Dec 10, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Waiting Period for selling ETF for same Mutual Fund shares
Replies: 4
Views: 228

Re: Waiting Period for selling ETF for same Mutual Fund shares

You can buy mf regardless of what you do with ETFs. It is selling and buying mutual funds that causes problems due to short term trading rules. From vanguard: .Frequent-trading policy If you sell or exchange shares of a Vanguard fund, you will not be permitted to buy or exchange back into the same f...
by mhalley
Mon Dec 10, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Income is greatly reduced. When would you absolutely stop 401k contributions?
Replies: 12
Views: 1451

Re: Income is greatly reduced. When would you absolutely stop 401k contributions?

I think you stop funding retirement if you can’t pay your bills. Before stopping retirement savings, I would make every effort to cut expenses to the bone ala Dave ramsey rice and beans. With no idea of what your expenses are, can’t tell whether to stop, cut back or max out your retirement savings.
by mhalley
Mon Dec 10, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Timing to make a switch
Replies: 3
Views: 427

Re: Timing to make a switch

It impossible to time the markets. If you are staying at schwab, you won’t be out of the markets while making the switch so there is no reason not to do it tomorrow.
by mhalley
Mon Dec 10, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: Noise coming through apartment vent duct
Replies: 18
Views: 1619

Re: Noise coming through apt vent duct

What did you cover it with? I would imagine you need to put a filter on it, pref at both ends. This site has some complicated fixes. If you need the air flow it is much more complicated with a sound maze.
https://soundproofliving.com/soundproofing-air-vents/
by mhalley
Mon Dec 10, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion withholding = quarterly estimated tax payments?
Replies: 2
Views: 302

Re: Roth conversion withholding = quarterly estimated tax payments?

In general, having taxes withheld from a Roth conversion negates many of the positives of doing the conversions. But yes, taxes withheld count as being paid throughout the year. That is on strategy that people taking rmds do to avoid paying estimated taxes. .When tax is withheld from a Roth IRA conv...
by mhalley
Sun Dec 09, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: How can I check the status of my Experian credit freeze?
Replies: 7
Views: 609

Re: How can I check the status of my Experian credit freeze?

I think if you call the phone number and go through an attempt to freeze it it will say it is already frozen.
by mhalley
Sun Dec 09, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable or Tax-Exempt Bonds
Replies: 17
Views: 1045

Re: Taxable or Tax-Exempt Bonds

Welcome! That doesn’t sound right. Are you comparing similar types of bond funds? The duration and risk need to be similar. For example, you can’t compare a long duration high yield fund to a short duration aaa fund. Total bond adm is yielding 3.35% atm, Int term tax exempt is yielding 2.65§% This c...
by mhalley
Sun Dec 09, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or CD Ladder
Replies: 31
Views: 2176

Re: SPIA or CD Ladder

I think spia makes more sense when you are iffy about whether you have enough to fund retirement. With a million in net worth, that gives a 40k a year income with a 4% swr. I would go with the cd ladder.
by mhalley
Sun Dec 09, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Replace the $50 excesss hsa contribution
Replies: 3
Views: 439

Re: Replace the $50 excesss hsa contribution

Thanks for the replies. I knew the dollar amount would be small, mainly wanted to make things as simple as possible.
by mhalley
Sun Dec 09, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in 401k AND Roth 401k?
Replies: 10
Views: 722

Re: Should I invest in 401k AND Roth 401k?

Roth vs traditional depends on multiple things, mainly your current tax bracket and your expected tax bracket in retirement. Since the actual retirement tax bracket is never actually known due to potential changes in tax laws, I think tax diversification is prudent, ie money in taxable, pre tax and ...
by mhalley
Sun Dec 09, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Education info on family financial planning on wiki?
Replies: 4
Views: 384

Re: Education info on family financial planning on wiki?

Your question is not clear, I’m not sure what information you are looking for. The wiki info applies to single, married, etc. are you looking for info on combining finances, budgeting, if you could be more specific that would help us guide you. Welcome and congratulations. This wiki entry may or may...
by mhalley
Sat Dec 08, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Bob Brinker Retirement
Replies: 13
Views: 1860

Re: Bob Brinker Retirement

Bogleheads don't because we don’t time the market, AA is setup per our IPS.
by mhalley
Sat Dec 08, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Replace the $50 excesss hsa contribution
Replies: 3
Views: 439

Replace the $50 excesss hsa contribution

Like many, I maxed out my hsa early in the year, only to have the IRS decide that the limit was actually $50 less than the amount I contributed. So I filled out the form and withdrew the “excess” contribution, only to have the IRS say never mind, the $50 was ok. How will the hsa deal with it if I pu...
by mhalley
Sat Dec 08, 2018 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Is 401k or IRA better? and how do you value the backdoor Roth?
Replies: 7
Views: 726

Re: Is 401k or IRA better? and how do you value the backdoor Roth?

POF has an interesting post on whether a backdoor Roth is worth the hassle. He calculates the tax drag is about0.5% . By tucking away $5,500 in a Roth account rather than a taxable account, you can save about 0.5% of $5,500 annually, or about $28 per year in taxes. Depending on where you live, what ...
by mhalley
Fri Dec 07, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio choices?
Replies: 7
Views: 390

Re: Portfolio choices?

Any one of these would be acceptable. I would recommend reading some books and the wiki before you decide what to do. I suggest starting at the wiki with these articles. https://www.bogleheads.org/wiki/Getting_started https://www.bogleheads.org/wiki/Asset_allocation https://www.bogleheads.org/wiki/T...
by mhalley
Fri Dec 07, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: What to put in brokerage account?
Replies: 5
Views: 591

Re: What to put in brokerage account?

There is not that much difference. I prefer mutual funds as I don't have to worry about bid ask spreads. Being a long term investor I don't care about intraday trading. I don't think vanguard etfs are that much different in tax treatment than the mf. https://www.bogleheads.org/wiki/ETFs_vs_mutual_fu...
by mhalley
Fri Dec 07, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Health insurance outside Obamacare exchange
Replies: 9
Views: 700

Re: Health inurance outside Obamacare exchange

I didn’t bother to look outside the exchange, but that could have been a mistake. I tried to look into other plans, but ended up being inundated with calls trying to sell me insurance, and I stopped taking them in frustration. This article discusses other plans. https://www.healthinsurance.org/obama...
by mhalley
Thu Dec 06, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax withholding for Roth Conversion
Replies: 6
Views: 503

Re: Tax withholding for Roth Conversion

It is usually advisable to pay taxes from the taxable account so that money can work for you within the roth Ira. I would make the estimated tax payment. If you do not have the money in taxable to pay the conversion taxes, you might reconsider the conversion. Tax software makes income tax filing a l...
by mhalley
Thu Dec 06, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Short term use of retirement funds
Replies: 4
Views: 407

Re: Short term use of retirement funds

If you plan on selling the old home, you could take out a home equity loan or line of credit on it and pay it off when it sells. Getting a asset based mortgage is another option.

https://www.thestreet.com/story/1222723 ... ncome.html
by mhalley
Thu Dec 06, 2018 7:00 pm
Forum: Investing - Theory, News & General
Topic: Three Funds for Retirement Years
Replies: 8
Views: 1159

Re: Three Funds for Retirement Years

In general, you start out with a high stock asset allocation that decreases with age, with the minimum stock allocation being 30%. Some now think that the stock allocation should be much lower when you first retire to help mitigate sequence of returns risk, then increasing the stock allocation as yo...
by mhalley
Thu Dec 06, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: DW has 39 credits of SS. Easiest way to get 40?
Replies: 15
Views: 2960

Re: DW has 39 credits of SS. Easiest way to get 40?

I believe she needs to earn $1360 for 2019, doesn’t matter the period of time. .Calculating the Minimum Earnings to Receive a Credit: As of 2017, the minimum has increased to $1300 for one credit. So, if in the first day, week, or month of 2017 you earn at least $5200 ($1300×4) you have met the mini...
by mhalley
Thu Dec 06, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: 55 year old may need hearing aid
Replies: 13
Views: 1498

Re: 55 year old may need hearing aid

No personal experience but have heard Clark Howard talk about mdhearingaid.com they have a 45 day return policy so if they don't work for you then you could do the Costco ones.
https://www.mdhearingaid.com
by mhalley
Thu Dec 06, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Realize Losses vs Pay More Taxes
Replies: 7
Views: 664

Re: Realize Losses vs Pay More Taxes

You don't really lose anything when you realize your losses, because you move the money to a similar investment. You are not taking the losses and putting it in a mm fund, you are reinvesting it in an asset that is expected to have similar returns to the current investment. In addition, the capital ...
by mhalley
Thu Dec 06, 2018 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: New Member Looking to Leave Raymond James
Replies: 6
Views: 523

Re: New Member Looking to Leave Raymond James

Fidelity, Schwab, and Vanguard are all great places for low cost passive investing. Bogleheads lean toward Vanguard as they do not offer high fee options that the other brokerages do, so you can't be lead astray by getting involved with an advisor. The most you can pay at Vanguard is .3% for pas, wh...
by mhalley
Thu Dec 06, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Three Funds for Retirement Years
Replies: 8
Views: 1159

Re: Three Funds for Retirement Years

The three fund portfolio works from birth to death (and beyond). :beer
by mhalley
Thu Dec 06, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gain and Tax Loss Harvesting
Replies: 10
Views: 740

Re: Capital Gain and Tax Loss Harvesting

There are mutiple ways to do tax loss harvesting. Some like a dollar amount, say $500. If you no longer need munibonds due to a decrease tax bracket, changing to a taxable bond fund that gives a higher yield makes sense. Selling at a loss makes sense for that reason, no matter the amount of the loss...
by mhalley
Thu Dec 06, 2018 2:43 am
Forum: Investing - Help with Personal Investments
Topic: Drastic change in asset allocation?
Replies: 5
Views: 1055

Re: Drastic change in asset allocation?

When to switch aa is the same as the age old dca vs lump sum investment question. There have been hundreds of those posts here. In general, Lump sum wins 66% of the time, which means that dca would win 66% of the time in the case of delaying the decrease in aa. But this is personal investing, and ho...
by mhalley
Wed Dec 05, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6306

Re: Health insurance for FIRE

We just don’t know if the subsidies will continue. The insurance costs go up every year, At 64, our bad hsa compatible bronze plan is over 2800 a month.
by mhalley
Tue Dec 04, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Local credit union offered me a $7600 credit card I spend $800 a month on a credit card is the limit high enough?
Replies: 24
Views: 1429

Re: Local credit union offered me a $7600 credit card I spend $800 a month on a credit card is the limit high enough?

Sure, get the credit card. If you are concerned about the amount you will spend being too high and adversely affecting your credit score, there are several options. First, get a second and/or third credit card. Second, pay the bill every week or 2 weeks. This will decrease the amount of debt reporte...
by mhalley
Mon Dec 03, 2018 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Selling mutual fund shares inside brokerage account - direct transfer to checking?
Replies: 1
Views: 170

Re: Selling mutual fund shares inside brokerage account - direct transfer to checking?

If you have your bank checking account linked to vanguard, I believe you can do it in one step. If I go to the vanguard app and hit sell, it allows me to pick my checking account in the where is the money going to section.
by mhalley
Mon Dec 03, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for new allocation or new fund in retirement?
Replies: 7
Views: 586

Re: Advice for new allocation or new fund in retirement?

Welcome to the forum! Bogleheads have not embraced the managed payout funds. 70/30 seems a very aggressive aa for retirement, but if you are comfortable with it that seems fine. If you want a one fund solution, a target retirement or life strategy fund would be good, just pick the one with your desi...
by mhalley
Mon Dec 03, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Which Indexes to Track
Replies: 8
Views: 532

Re: Advice on Which Indexes to Track

Many bogleheads do some tilting towards small and value, and some also add Reits. You might check out the wiki on slice and dice and decide if that is for you. https://www.bogleheads.org/wiki/Slice_and_dice You can read Merriman’s take on in it for more info. https://paulmerriman.com/ultimate-buy-ho...
by mhalley
Mon Dec 03, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund/ETF Allocation Advice
Replies: 2
Views: 185

Re: Mutual Fund/ETF Allocation Advice

The biggest problem is the reit fund. It is very tax inefficient and should not be in a taxable account. The total stock market fund is closed as they are converting it to the admiral shares. VTSAX https://investornews.vanguard/our-index-funds-changed-investing-forever-now-were-making-them-even-bett...
by mhalley
Mon Dec 03, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Avoidance Strategies
Replies: 20
Views: 1672

Re: IRMAA Avoidance Strategies

I think worrying about Irma is a little overblown. My wife and I turned 64 this year and our terrible hsa compatible bronze plan is going to be over 2800 a month next year. Health insurance is our single largest expense, taxes being the second (due to Roth conversions). I don’t think bogleheads plan...
by mhalley
Mon Dec 03, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Converting Trad IRA $'s to Roth
Replies: 5
Views: 509

Re: Converting Trad IRA $'s to Roth

In general, converting some money to Roth from 65-70, ie before taking ss and start of rmds is felt to result in lower taxes. You can run the numbers at i-orp.

https://www.i-orp.com/DropHSA/extended.html
by mhalley
Mon Dec 03, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Fido bondfund
Replies: 1
Views: 224

Re: Fido bondfund

Municipal vs taxable depends on your tax bracket and the tax equivalent yield of the funds. Here is their calculator https://gpi.fidelity.com/ftgw/interfaces/tey/ The wiki has fidelity recommendations. https://www.bogleheads.org/wiki/Fidelity Ftabx is the cheapest fidelity muni bond fund I think. I ...
by mhalley
Sat Dec 01, 2018 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: My mutual funds are declining, please help!
Replies: 54
Views: 5084

Re: My mutual funds are declining, please help!

People have been spoiled with the recovery since 2008. A review of the frequency of corrections and bears might be in order for those that can’t recall them. First, up and down days, months, years. .Here is the split between “up” and “down” time periods for the S&P 500: Days: 53% “up” and 47% “down....
by mhalley
Sat Dec 01, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: I'm up 5% ytd and I will take it
Replies: 55
Views: 6008

Re: I'm up 5% ytd and I will take it

Sorry, doesn’t count till dec 31.
by mhalley
Sat Dec 01, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: I’m getting frustrated FTIHX
Replies: 19
Views: 2310

Re: I’m getting frustrated FTIHX

People don’t know tickers, esp non vanguard ones. This is fidelity total international index fund. By their nature, stocks are volatile. Sometimes they go up, sometimes they go down. Sometimes they go down a LOT! International is added to a portfolio as they give additional diversification, ie, mayb...
by mhalley
Sat Dec 01, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor roth and 457(b)
Replies: 3
Views: 219

Re: Backdoor roth and 457(b)

The pro rata rule applies to:
Trad Ira
Rollover Ira
Simple Ira
Sep Ira
Not 401k, 403b, 457.
by mhalley
Sat Dec 01, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Using 529 for med school vs. employer loan repayment
Replies: 2
Views: 209

Re: Using 529 for med school vs. employer loan repayment

I agree with using the 529. This honors the parents wishes of helping him with school, and if he graduates with minimal debt he has a big headstart for his life, ranging from emplyoyment opportunities without worrying about whether they offer loan repayment, saving for house down payment, fi, etc.Th...