Search found 5701 matches

by mhalley
Sun Jun 24, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: ~1 year from FIRE (#2): Good Book under NEW 2018 Tax Law?
Replies: 2
Views: 473

Re: ~1 year from FIRE (#2): Good Book under NEW 2018 Tax Law?

Maybe Mike Pipers book would help, not specifically about retirement but is updated for 2018.
https://www.amazon.com/Taxes-Made-Simpl ... b_title_bk
by mhalley
Sun Jun 24, 2018 12:11 am
Forum: Personal Consumer Issues
Topic: Front load washer gross moldy gasket
Replies: 27
Views: 2090

Re: Front load washer gross moldy gasket

If grime is getting behind the seal, the seal might be defective. Leaving it open after loads and the occ bleach works fine with mine, no grime gets behind the seal.
by mhalley
Sun Jun 24, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Podcasts on money management and investing basics
Replies: 22
Views: 1048

Re: Podcasts on money management and investing basics

Multiple previous threads on the subject. This list is pretty good, you might add doughroller, mad fiendish and suze orman.
https://money.usnews.com/money/blogs/my ... -to-follow
by mhalley
Sat Jun 23, 2018 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Sell duplex for debt payoff?
Replies: 3
Views: 418

Re: Sell duplex for debt payoff?

Do you like being a landlord? Either scenario (paying loans as agreed vs selling and becoming debt free) depends on your personal feesings about being a landlord and attitude toward debt. Be sure you have your disability and life insurance in place.
by mhalley
Sat Jun 23, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Getting to Personal Investing 2.0
Replies: 2
Views: 623

Re: Getting to Personal Investing 2.0

In general, bogleheads will give you a pass on owning SOME individual stocks. Probably a cutoff would be no more than 10% of equities in individual stocks. As to funding 529s for kids, there are multiple ways to pay for college, and only one to pay for retirement. If you are not saving at least 20% ...
by mhalley
Sat Jun 23, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Are you smarter than my CPA? (IRA issue)
Replies: 17
Views: 1612

Re: Are you smarter than my CPA? (IRA issue)

Maybe this will help:
https://thefinancebuff.com/how-to-repor ... botax.html
And this:
https://www.whitecoatinvestor.com/backd ... -tutorial/
Also, the backdoor Roth has been around for many years. If your cpa can’t handle it, you need a new one.
by mhalley
Fri Jun 22, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: How do find a good doctor for chronic hives
Replies: 25
Views: 1162

Re: How do find a good doctor for chronic hives

You could use this site to find an allergist near you. Look for one affiliated with a medical school.
https://acaai.org/locate-an-allergist
by mhalley
Fri Jun 22, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: I think I am in trouble...way behind where I should be
Replies: 22
Views: 2318

Re: I think I am in trouble...way behind where I should be

One tip on implimenting the 3 fund portfolio, if you decide you want to have some bonds in taxable, substitute an intermediate term muni fund for total bond fund if tax bracket above 28%.
by mhalley
Wed Jun 20, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund in Taxable / Large Unrealized Gain Question
Replies: 13
Views: 827

Re: Target Date Fund in Taxable / Large Unrealized Gain Question

You will be taxed yearly on the interest from the bonds in the fund at the ordinary income tax rate, but if you sell you will be taxed at the cap gains rate. Turn off dividend reinvestment and sell on downturns to minimize taxes.
by mhalley
Mon Jun 18, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Idle debit/credit cards closed or downgraded?
Replies: 9
Views: 755

Re: Idle debit/credit cards closed or downgraded?

Clark Howard did a recent podcast discussing this. Many cc are reducing their liability because defaults are increasing. Perhaps his advice of using a card twice a year for a small purchase is no longer valid and you need to use them more often for larger amounts to maintain the credit limit.
by mhalley
Sun Jun 17, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: Cosmetic Question about teeth
Replies: 9
Views: 1269

Re: Cosmetic Question about teeth

I had mine done by the dentist making the molds and selling me the whitening gel many years ago, then a few years ago by buying a gel kit off amazon. The amazon kit worked as well as the dentist for Much lower cost. I used the charcoal paste several years ago also, and up I think it works well but t...
by mhalley
Sat Jun 16, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Functional Medicine/ managing the costs
Replies: 31
Views: 1461

Re: Functional Medicine/ managing the costs

Never heard of functional medicine, but a quick internet search convinced me to run away from it. Try functional training at the gym instead.
by mhalley
Thu Jun 14, 2018 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA: Using it for kids college
Replies: 31
Views: 1848

Re: Inherited IRA: Using it for kids college

Funding 529s with the rmds seems like a good idea, unless you are not maxing out all your retirement accounts, which comes before college funding.
by mhalley
Thu Jun 14, 2018 12:53 am
Forum: Investing - Help with Personal Investments
Topic: Dilemma: Roth conversions vs. Taxable cap gains from Rebalancing
Replies: 2
Views: 256

Re: Dilemma: Roth conversions vs. Taxable cap gains from Rebalancing

Rebalancing should generally be done in tax advantaged accounts. I would not pay taxes to rebalance unless it is impossible to do so otherwise.
by mhalley
Thu Jun 14, 2018 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Roth Re-characterization an Opportunity to Re-examine American Funds
Replies: 8
Views: 435

Re: Roth Re-characterization an Opportunity to Re-examine American Funds

There are certainly worse funds than American, especially if the loads are waived, but they are still much more expensive than vanguard funds. The performance of the funds may continue to overcome the higher er, or it might not. The right place to rebalance depends on the options available in your v...
by mhalley
Wed Jun 13, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: i-ORP: Any way to force tax deferred savings?
Replies: 8
Views: 718

Re: i-ORP: Any way to force tax deferred savings?

I've used the tool many times in the past and didn't have this problem, maybe you should report it to the I-orp site manager.
orplanner@gmail.com
by mhalley
Wed Jun 13, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: i-ORP: Any way to force tax deferred savings?
Replies: 8
Views: 718

Re: i-ORP: Any way to force tax deferred savings?

Are you using extended version? It looks like leaving the tax deferred acount initial balance is causing the error.
https://www.i-orp.com/BigGraph/extended.html
by mhalley
Mon Jun 11, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Converted
Replies: 4
Views: 401

Re: Backdoor Roth Converted

This comes up frequently. Wci has a good post on it here.
https://www.whitecoatinvestor.com/penni ... -roth-ira/
by mhalley
Mon Jun 11, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Divorce and spousal Roth IRA question
Replies: 4
Views: 456

Re: Divorce and spousal Roth IRA question

Ed Slott has an article on it here https://www.irahelp.com/slottreport/spousal-ira-contributions-and-divorce-what-you-need-know Where he says ....excess contribution must be removed – as an excess contribution. He must tell the IRA custodian exactly what he is doing. He must timely remove the amount...
by mhalley
Mon Jun 11, 2018 12:04 am
Forum: Personal Consumer Issues
Topic: Best HEPA air purifier for cat allergy sufferer?
Replies: 13
Views: 765

Re: Best HEPA air purifier for cat allergy sufferer?

As my wife likes to say, “at our house, cat fur is both a fashion accessory and a condiment”. Very difficult to treat an allergy without removing the allergen.
by mhalley
Sun Jun 10, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Help for my Mom - She's 86
Replies: 10
Views: 869

Re: Investing Help for my Mom - She's 86

Sounds like she doesn’t need this money, so what is the goal for it? Grow it for heirs or charity? Coming up with an asset allocation would be the first step. 1% is way too much to pay for an advisor. I would pay no more than what vanguard personal advisor service charges (0.3%). Once you come up wi...
by mhalley
Sat Jun 09, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Getting into real estate?
Replies: 10
Views: 938

Re: Getting into real estate?

By being in the area for 5 years, do you mean that you will be moving to another city? Absentee landlording is seldom a good idea. Wci did a yearly 100k real estate purchase plan starting with 30k here that you might find interesting. https://www.whitecoatinvestor.com/buy-one-property-a-year-and-ret...
by mhalley
Sat Jun 09, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: New with a couple of question
Replies: 11
Views: 671

Re: New with a couple of question

Kitces has a good article on sor risk here https://www.kitces.com/blog/understanding-sequence-of-return-risk-safe-withdrawal-rates-bear-market-crashes-and-bad-decades/ The percent of intl is the percent of equities. It would be 20% of 60k in the 100k portfolio. 42k domestic stock, 18k intl, 40k bonds.
by mhalley
Fri Jun 08, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Roth IRA $30K, age 35, how to investigate?
Replies: 14
Views: 897

Re: Fidelity Roth IRA $30K, age 35, how to investigate?

You don’t want to buy vanguard funds at fidelity due to the transaction fees. Either use the fidelity funds or the free ETFs. With 10k you can invest in the premium versions of their index funds.
https://www.fidelity.com/mutual-funds/f ... ndex-funds
by mhalley
Thu Jun 07, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: all RMD withholding at YearEnd
Replies: 11
Views: 595

Re: all RMD withholding at YearEnd

Year end doesn’t need to be the last week of December. I would imagine you have a good idea of tax liabilities the first week of November, leaving time for further rmds if required.
by mhalley
Thu Jun 07, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie stuck with Class C investments from Ameriprise
Replies: 12
Views: 835

Re: Newbie stuck with Class C investments from Ameriprise

I would imagine a cpa would be able to determine tax consequences of selling funds, and much cheaper than .3%.
by mhalley
Thu Jun 07, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Suggested HSA Provider
Replies: 9
Views: 574

Re: Suggested HSA Provider

WCI updated his HSA recommendations recently. Here is the link:
https://www.whitecoatinvestor.com/the-b ... s-account/
Top five were:
1. Lively
2. HSA Bank
3. HSA Authority
4. Elements Financial
5. Saturna
by mhalley
Tue Jun 05, 2018 11:27 pm
Forum: Personal Consumer Issues
Topic: New AC Unit broken or "feezing". HVAC company says it's my fault for "running it too hard". What can I do?
Replies: 55
Views: 5149

Re: New AC Unit broken or "feezing". HVAC company says it's my fault for "running it too hard". What can I do?

At 76 deg, you are certainly not running it too hard. My wife likes it at 68 (freezes me to death). No problems at that setting.
by mhalley
Tue Jun 05, 2018 2:34 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5071

New SS claiming calculator ["Open Social Security" - ObliviousInvestor]

Just thought I would let the forum know that Oblivious Investor has created a new SS claiming calculator. For those not familiar, Mike Piper is a well regarded author whose books include one of the best ones out there on SS, Social Security Made Simple Link on Amazon: https://www.amazon.com/Social-S...
by mhalley
Tue Jun 05, 2018 1:35 am
Forum: Personal Consumer Issues
Topic: Hole in Garage ceiling, possibly leaving upstairs bedroom hot?
Replies: 35
Views: 1956

Re: Hole in Garage ceiling, possibly leaving upstairs bedroom hot?

Could be multiple causes. Check the airflow from the ac vents. Check the ducts to make sure there are no leaks. I would expect the room above the garage to be warmer unless there is great insulation above the garage. Check the windows to make sure they are closed fully. Fixing the holes should be re...
by mhalley
Tue Jun 05, 2018 1:19 am
Forum: Investing - Help with Personal Investments
Topic: IRA Question
Replies: 4
Views: 524

Re: IRA Question

Getting to your desired aa as soon as possible is a good idea. Some people do adjust portfolios according to taxable status, but I imagine most don’t bother. From the wiki: . Adjusting your asset allocation based on taxation may have significant unintended consequences. Tax rates change, tax bracket...
by mhalley
Mon Jun 04, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Completing Quit Claim Deed
Replies: 6
Views: 714

Re: Advice on Completing Quit Claim Deed

Why do you want to do this? In general, inheriting property is more advantageous as the heirs get the stepped up cost basis. Plus, having numerous owners of a property is just asking for drama.
Not a lawyer, but option one appears less complicated.
by mhalley
Sun Jun 03, 2018 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Getting started with Non-retirement account
Replies: 15
Views: 1071

Re: Getting started with Non-retirement account

Unless saving for something else besides retirement, I would max out wife's 401k before opening a taxable account. When it is time to open a taxable account, I would open it as a joint account and not 2 separate ones. Munis come into play at about the 28% bracket. You could start with ETFs if you wo...
by mhalley
Sun Jun 03, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 1548

Re: TSP Advice - Retiring Soon

Certainly you should not withdraw and pay taxes on it all at once. I believe they have improved the withdrawal options on the tsp. They used to be restrictive, so rolling it to an Ira was a good option to maximize withdrawal flexibility. A strategy that might work would be to transfer part of the ts...
by mhalley
Sun Jun 03, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Advice needed for firing investment advisor and hiring Vanguard--Fidelity or Schwab
Replies: 12
Views: 1511

Re: Advice needed for firing investment advisor and hiring Vanguard--Fidelity or Schwab

The posts here about the Fidelity client group seem mixed. If you are not firm about wanting a low cost indexed portfolio, then they might try to talk you into going with higher er fee funds. With Vanguard, you know the maximum fee you will get is .3% with low cost admiral funds. So one option is go...
by mhalley
Sun Jun 03, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Need some direction: 5K payout in July....towards loans or Roth?
Replies: 18
Views: 948

Re: Need some direction: 5K payout in July....towards loans or Roth?

A lot of loans but all relatively small. Interest rate of less than 8%, I think I would tend to vote for the Roth. WCI has an invest or pay down debt post, 8% interest is his cutoff for loan payoff before investing. The roth can then substitute as an emergency fund if you don't have one. https://www...
by mhalley
Sun Jun 03, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Switch between physicians in the same practice?
Replies: 40
Views: 3116

Re: Switch between physicians in the same practice?

Patient reviews would probably be one of the last things I would look at in deciding on a physician. People post bad reviews because the doctor didn't give them their pain meds, fill out their bogus disability claim, ran late due to an emergency, billing snafu, etc. Experience is a big factor if you...
by mhalley
Sun Jun 03, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in Roth IRA
Replies: 24
Views: 1491

Re: Bonds in Roth IRA

I wouldn't make the roth all bonds, as you really want to get some good growth there. Remember that returns aren't the main reason to own bonds, it is to balance the portfolio against huge losses in your stocks. Having less yield on your bonds is not great due to the high er, but they will still be ...
by mhalley
Fri Jun 01, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13495

Re: Best Advice You Never Took

Many years ago I bonds were going for 3% and several bogleheads recommended backing up the truck. I didn't. :oops:
by mhalley
Mon May 28, 2018 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion snag due to existing Rollover IRA
Replies: 7
Views: 692

Re: Roth IRA Conversion snag due to existing Rollover IRA

Another option if your work 401k will not accept the Ira is to start a side gig and make a few hundred dollars. Open an individual 401k at fidelity or schwab and transfer the Ira there, then do the backdoor Roth. (Vanguard does not allow Ira rollovers into their individual 401k. . If your plan doesn...
by mhalley
Sun May 27, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Starting out
Replies: 19
Views: 2800

Re: Starting out

Welcome to the forum. Looks like you are doing ok. I can’t figure exactly how much you are saving, but if above 15% you will do fine. Are you talking about personal capital? Their aggregator is fine, but fees are way too high to use as an fa. Financial advisors will tell you what a horrible job you ...
by mhalley
Sun May 27, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Does anticipated SS alter today’s allocation?
Replies: 20
Views: 1857

Re: Does anticipated SS alter today’s allocation?

Some like to treat ss as a bond, some don’t. Total personal preference. One of many previous threads https://www.bogleheads.org/forum/viewtopic.php?t=112827 “If all goes well” sound like famous last words to me. After you have won the game, stop playing. In other words, once the game has been won by...
by mhalley
Sun May 27, 2018 5:31 pm
Forum: Personal Consumer Issues
Topic: old kindle not responding
Replies: 3
Views: 467

Re: old kindle not responding

Need to know the exact kindle for detailed info, try googling kindle (x generation) not responding to get reset commands. Something like this might work https://www.amazon.com/gp/help/customer/display.html?nodeId=201175380 If you don’t know which one you have check the box for serial no, or amazon i...
by mhalley
Sat May 26, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Business Credit Card usage for S-corp?
Replies: 2
Views: 321

Re: Business Credit Card usage for S-corp?

Clark Howard recommends using a designated personal cc instead of a business one. ... small business credit card interest rates went up six times faster than interest rates on consumer cards immediately after the CARD Act went into effect back in 2010. But, wait there’s more! There’s also a second l...
by mhalley
Fri May 25, 2018 7:11 pm
Forum: Personal Consumer Issues
Topic: Earphones for iPhone?
Replies: 20
Views: 1385

Re: Earphones for iPhone?

I have the mpows listed above. I only listen to podcasts so can’t quantify music, but they sound great for that. I got them mostly for the noise cancelling when mowing the lawn, and they do a pretty good job on my gas lawn mower. Cuts the noise down by maybe 40-50%. Much better than using my earbuds...
by mhalley
Fri May 25, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion - will I have pro-rata rule problems?
Replies: 6
Views: 423

Re: Roth conversion - will I have pro-rata rule problems?

I agree that doing the rollover first is the most prudent way to go just in case the rollover to 401k fails. Sorry my link was not clear. How about this one from Slott: . The pro-rata calculation is not based on the balances in your IRAs on the date of the conversion. The account balance used is as ...
by mhalley
Fri May 25, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity CD - Morgan Stanley or Wells Fargo
Replies: 1
Views: 420

Re: Fidelity CD - Morgan Stanley or Wells Fargo

WF is such a horrendous company I would not have anything to do with them. I think they take the payment frequency into account when calculating the yield (APY). A cd paying monthly would yield more than one paying quarterly. I can’t tell from fidelitys website if the yield is apy or not, but I thin...
by mhalley
Fri May 25, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion - will I have pro-rata rule problems?
Replies: 6
Views: 423

Re: Roth conversion - will I have pro-rata rule problems?

As long as there is zero dollars in the rollover Ira by dec 31, you should be fine.
https://www.kitces.com/blog/the-impact- ... -payments/