Search found 5578 matches

by mhalley
Fri Apr 20, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Pay for medical school or Roth conversion
Replies: 15
Views: 784

Re: Pay for medical school or Roth conversion

Don't forget that graduating medical school is not a given. I don't know the numbers off the top of my head, but there are some that end up with medical school debt but not working as a physician. But it doesn't have to be all or none, cutting your loans in half while doing some Roth conversions wou...
by mhalley
Fri Apr 20, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Pay for medical school or Roth conversion
Replies: 15
Views: 784

Re: Pay for medical school or Roth conversion

Don't forget that graduating medical school is not a given. I don't know the numbers off the top of my head, but there are some that end up with medical school debt but not working as a physician.
by mhalley
Fri Apr 20, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI
Replies: 170
Views: 8814

Re: KF's simple rules to achieve FI

I would think there are several assumptions kf hasn't mentioned yet.
1. The money you save will be invested, not in cash.
2. The money you save will go up with inflation, etc, so your saving rate will increase over time.
by mhalley
Thu Apr 19, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3382

Re: Good Dad, Bad Dad

Nothing has to be 100per cent, he could still be responsible for gas or insurance if you bought him a car. Depending on the drive, a used Leaf is a good value with little maintenance.
by mhalley
Thu Apr 19, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 166
Views: 10595

Re: Is Los Angeles a good place long term to live financially?

For some humorous negative talk about LA, subscribe to the Adam Corolla Show and the Adam and Dr Drew show. Multiple mentions if the huge problems there. Of course no place is without problems.
by mhalley
Tue Apr 17, 2018 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Checking in -- fresh ideas?
Replies: 9
Views: 1212

Re: Checking in -- fresh ideas?

Way too aggressive an aa for my blood, but I sleep well at 50/50 at age 63 and retired. Many roads to Dublin.
by mhalley
Tue Apr 17, 2018 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with future planning.
Replies: 4
Views: 359

Re: Need help with future planning.

The main variable with retirement is percentage of income saved. Mr Money Moustache has a post on the math regarding saving rate and number of years till FI. You might look into upping your savings rate. If you post your funds available to you we can help pick them. Rental properties can make up for...
by mhalley
Tue Apr 17, 2018 10:50 pm
Forum: Personal Consumer Issues
Topic: car at 80
Replies: 59
Views: 4169

Re: car at 80

The elderly driver is one instance when the boglehead mantra of buying used might be worth skipping. The newer cars have such a plethora of increased safety features that they might make up for several of the problems the aging driver faces (decreased reaction time, mobility, etc.) A couple of artic...
by mhalley
Mon Apr 16, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: How much is too much in a Fidelity or VG account?
Replies: 22
Views: 3919

Re: How much is too much in a Fidelity or VG account?

I like having my money in multiple brokerages in case of the possibility of account takeover. Most likely if something did happen, the money would eventually be recovered, but I sleep better at night knowing that one hack won’t put ALL of my money at risk.
by mhalley
Sun Apr 15, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move 401K? If so where?
Replies: 14
Views: 1178

Re: Should I move 401K? If so where?

Sometimes 403b have a lot of additional expenses in addition to the er of certain funds. Check to see that you are not having to pay other fees. The usual recommendation is to use the s&p500 plus the small cap index in order to approximate the the total stock market fund. Then add international if y...
by mhalley
Thu Apr 12, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA conversion question
Replies: 11
Views: 659

Re: Roth IRA conversion question

Not all plans allow for partial conversions, you will need to check your 401k plan documents.
by mhalley
Thu Apr 12, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Credit card protections - business card
Replies: 2
Views: 136

Re: Credit card protections - business card

Clark Howard thinks business cc are Clarkrageous. .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 level of liability specific to small...
by mhalley
Wed Apr 11, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Ditched bond fund for money market. Thoughts?
Replies: 40
Views: 3674

Re: Ditched bond fund for money market. Thoughts?

You are set for underperformance with that move. At least do something like a 5 year cd ladder. I can post multiple sites that talk about bond fund performance in a rising rate environment, but will settle on just this one: From vanguard https://personal.vanguard.com/pdf/s807.pdf We recognize that b...
by mhalley
Tue Apr 10, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Plan
Replies: 41
Views: 1481

Re: Student Loan Repayment Plan

I agree that a 60k income cannot support a 200k+ loan. It is simply not doable. Certainly if at some point there is a massive increase in income, he could then aggressively pay down the loan, but I think his payments without repayee would be over 2k a month. You can use this calculator to see how th...
by mhalley
Tue Apr 10, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Pulling TSR Money from Vanguard and Placing it in another institution
Replies: 3
Views: 451

Re: Pulling TSR Money from Vanguard and Placing it in another institution

In general, you want to initiate a transfer from the institution you want the money to end up.
Here is a guide to the process:
https://investorjunkie.com/15125/transf ... e-account/
by mhalley
Tue Apr 10, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to 401k or Roth IRA
Replies: 8
Views: 466

Re: Contribute to 401k or Roth IRA

A rule of thumb I have seen in the past is 401k to the match, max Roth, then max 401k. The main variable is the savings rate, where it goes is not quite as important. Maxing everything is the eventual goal, but not everyone can afford to do that. The future of taxes is unknowable, so having a mix of...
by mhalley
Tue Apr 10, 2018 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Easily digestible info/blog on finances for spouse?
Replies: 35
Views: 2366

Re: Easily digestible info/blog on finances for spouse?

Doughroller.net is good. He also has a podcast if she likes those. Take a look at his investing primer to see if you think it would be a good place for her to start.
https://www.doughroller.net/investing/h ... investing/
by mhalley
Sun Apr 08, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Can I contribute to a Individual 401K if my income is only from W2?
Replies: 19
Views: 1633

Re: Can I contribute to a Individual 401K if my income is only from W2?

My understanding is that day trading profits are not earned Income. Employee (w2) income does not qualify you for a solo 401k
by mhalley
Sun Apr 08, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: No 401k, have Roth IRA, 3 properties....
Replies: 6
Views: 428

Re: No 401k, have Roth IRA, 3 properties....

You have to have self employment income to open a solo 401k. The only tax advantaged account you have access to at this time is the Ira, but you could also consider using a high deductable health insurance plan and use an HSA as a stealth Ira. After that, taxable investing is the next step. Taxable ...
by mhalley
Sun Apr 08, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need a municipal bond fund anymore?
Replies: 7
Views: 709

Re: Do I need a municipal bond fund anymore?

I used a muni bond fund Berger I retired even though I had plenty of deferred space for bonds. I decided I did not want the taxable account to be so volatile, allowing me To avoid withdrawing from stocks in taxable during a downturn. Now that I am retired I use tbm in taxable instead. (The muni fund...
by mhalley
Sun Apr 08, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to Invest HSA Funds for Health Expenses in Next 1-3 Years
Replies: 1
Views: 192

Re: How to Invest HSA Funds for Health Expenses in Next 1-3 Years

HSA funds are like any other, if planning on spending them within 5 years they should not be invested, if you can afford to pay out of pocket, treating the hsa as an Ira and letting the money grow till retirement would be the best bet.
by mhalley
Sun Apr 08, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best time to buy a home?
Replies: 11
Views: 996

Re: Best time to buy a home?

670 is pretty low. You can’t predict what interest rates plus rise in housing costs will go to in the next couple of years. It depends on why your score is low on how long it will take to recover. It could take 3-10 years before it becomes excellent. There are multiple things you could do: 1. Buy no...
by mhalley
Sat Apr 07, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Is refinancing to 30 year worth it?
Replies: 20
Views: 1981

Re: Is refinancing to 30 year worth it?

The normally recommended mortgage is 25% of take home pay, and looks like you currently have either 38 or 44% depending on your 401k contributions. (Assuming I did the math right) That puts an extreme strain on your finances. The thirty year with 10% 401k cuts it to 30%, which makes it more palatabl...
by mhalley
Sat Apr 07, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: How small can I make my emergency fund?
Replies: 8
Views: 816

Re: How small can I make my emergency fund?

It would probably take a series of unfortunate events to make an emergency fund truly needed. Usually something simple like the hvac dies can be taken care of by using your credit cards. But if something truly catastrophic happens you will be glad you have it. So here is an example: a freak storm de...
by mhalley
Sat Apr 07, 2018 7:00 pm
Forum: Personal Consumer Issues
Topic: Lithium Battery Life Expectancy?
Replies: 6
Views: 642

Re: Lithium Battery Life Expectancy?

Ev cars have multiple ways to prevent battery bricking.
http://www.ibtimes.com/tesla-says-its-m ... ick-418774
And this says it will still have 80% capacity after half a million miles
https://www.teslarati.com/tesla-battery ... illion-km/
by mhalley
Sat Apr 07, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Best TV/monitor for video games.
Replies: 4
Views: 209

Re: Best TV/monitor for video games.

Size matters. I would want something bigger than 32 for gaming. Probably the main thing is to get one that is 4K and hdr comparable for a little future proofing. https://www.cnet.com/news/what-is-hdr-for-tvs-and-why-should-you-care/ Clark Howard is agnostic to tv brands and recommends buying the che...
by mhalley
Sat Apr 07, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 13888

Re: Parents have zero savings. What can I do?

I would say the only way to mitigate your risk is to get a divorce. What are you going to do when your wife’s mother is facing eviction, heat shutoff or eating dog food? If they are unwilling to discuss finances, the only thing you can do is gift them boglehead approved books for Christmas and birth...
by mhalley
Sat Apr 07, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: WSJ article on Vanguard snafoos - Should Bogleheads.org get involved?
Replies: 23
Views: 3077

Re: WSJ article on Vanguard snafoos - Should Boglehead.org get involved?

Every company makes mistakes, the key is how they resolve them. Up to now I have never had a problem with vanguard, and have no plans to change brokerages until I do have one and they do not resolve it to my satisfaction. Up to now, all I have done is add money, rebalance and do backdoor roths, so t...
by mhalley
Sat Apr 07, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Need new bedroom furniture
Replies: 23
Views: 1211

Re: Need new bedroom furniture

I would imagine the much cheaper option is used off craigslist etc. other options would be goodwill, ywca second seating, etc.
by mhalley
Sat Apr 07, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing with new money in Roth, considering future 401K contributions?
Replies: 4
Views: 245

Re: Rebalancing with new money in Roth, considering future 401K contributions?

You rebalance the accounts as needed, using one of multiple possible approaches. You can’t anticipate in January what the stock market will have done by December. If you have no other good funds in the 401k, then you can’t do it on the fly. The wiki goes over several approaches here: https://www.bog...
by mhalley
Sat Apr 07, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: What would an extra $2000 in cash flow mean for a large family?
Replies: 58
Views: 4020

Re: What would an extra $2000 in cash flow mean for a large family?

So you could do 2 things with an extra 2k a month: 1. Fritter it away. Go out to eat more, buy new cars, take vacations, private school for kids, hey, buy a pony! 2. Save it for early retirement, after which you could go out to eat, take long trips, enjoy life without having to answer to “the man”. ...
by mhalley
Sat Apr 07, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: Finance only laptop? Can I use an old one?
Replies: 25
Views: 1639

Re: Finance only laptop? Can I use an old one?

Linux is not that difficult. You can setup a dual boot with win 10 and Ubuntu or mint with not too much difficulty. If nothing else, you could get a friend or relative that is a techie to set it up for you, or even take it to a shop and pay to have it done. https://itsfoss.com/guide-install-linux-mi...
by mhalley
Sat Apr 07, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Streaming TV - list all favorite shows in one place?
Replies: 2
Views: 393

Re: Streaming TV - list all favorite shows in one place?

Fire tv has Alexa voice control I believe. No personal experience. Roku is rumored to add Alexa type features this fall. you can control Bravo, CBS All Access, Hulu, NBC, Showtime and Sony PlayStation Vue. That’s in addition to all the apps that already work with Alexa voice controls like Netflix, P...
by mhalley
Sat Apr 07, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Am I Crazy??? [Excess W-4 withholding, got large tax refund]
Replies: 31
Views: 3487

Re: Am I Crazy???

What would you do if I came up to you and asked you for a 40k loan at zero % interest? If you won’t do it for me, why would you do it for Uncle Sam?
by mhalley
Sat Apr 07, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 3567

Re: Starting to invest at 35, is this a good plan for retirement planning?

One way to catch up is to take cues from the FIRE community, so you might peruse those types of websites. The time until you can afford to retire is all about the saving rate. Check out mmm post on the simple math of early retirement. https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-...
by mhalley
Fri Apr 06, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do 401K Rovers to IRAs receive ERISA-like protection?
Replies: 9
Views: 627

Re: Do 401K Rovers to IRAs receive ERISA-like protection?

There is no question that the protection of a 401k exceed that of an IRA. whether to roll it over depends on multiple factors, such as the cost of the 401k, etc. The likliehood of 4 million dollar judgements is pretty remote, I would not let this remote possibility prevent a rollover if the 401k has...
by mhalley
Fri Apr 06, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Elements Financial HSA Transfer issue
Replies: 2
Views: 219

Re: Elements Financial HSA Transfer issue

I didn’t plan to either, debating if the glitch makes moving the hsa worthwhile. They did fix everything and refund all fees, so that is a plus for them. I won’t play it so close to the vest with only keeping the minimum in the hsa in future. Only have one more year of hsa eligibility till Medicare ...
by mhalley
Fri Apr 06, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth clarification (yes another)
Replies: 5
Views: 321

Re: Backdoor Roth clarification (yes another)

You need to fill out form 8606. Finance buff has instructions here
https://thefinancebuff.com/backdoor-rot ... -easy.html
by mhalley
Fri Apr 06, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do 401K Rovers to IRAs receive ERISA-like protection?
Replies: 9
Views: 627

Re: Do 401K Rovers to IRAs receive ERISA-like protection?

IRA protection is different than 401k protection. The amount of protection varies by state. The biggest thing is to have adequate umbrella liability insurance. Nolo has a summary of the protection in Ca here: https://www.nolo.com/legal-encyclopedia/are-my-retirement-accounts-protected-from-judgment-...
by mhalley
Fri Apr 06, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth clarification (yes another)
Replies: 5
Views: 321

Re: Backdoor Roth clarification (yes another)

As long as you will have no traditional or sep Ira money as of dec 31, 2018, you will be fine.
by mhalley
Fri Apr 06, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Watch
Replies: 7
Views: 676

Re: Portfolio Watch

Morningstar might be more accurate, but it is probably fine if you are using all vanguard funds. From the wiki on portfolio watch: . Vanguard Portfolio Watch does not break down most funds into subclasses properly as it treats most funds as being entirely in their primary stock category rather than ...
by mhalley
Fri Apr 06, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Help with first investment
Replies: 10
Views: 609

Re: Help with first investment

In addition to What to invest in (stocks vs bonds) you need to consider Where to invest the money. Did you have earned income for 2017 and 2018? If so, Have you funded a roth IRA for those years? If you meet the requirement of earned income of at least $5500, you can still fund the roth for 2017 unt...
by mhalley
Fri Apr 06, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 37
Views: 3040

Re: Vanguard Customer Service

I was listening to the Clark Howard podcast this week and he gave Vanguard his Clarkrageous award due to "long wait times for phone service". It is sad to see the company go downhill in this way. So far I have never had to call them for anything, (except for back when they had the free retirement pl...
by mhalley
Thu Apr 05, 2018 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Solo401 K Question.
Replies: 10
Views: 572

Re: Solo401 K Question.

WCI has a good post on multiple 401k rules here:
https://www.whitecoatinvestor.com/multiple-401k-rules/
by mhalley
Thu Apr 05, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Elements Financial HSA Transfer issue
Replies: 2
Views: 219

Elements Financial HSA Transfer issue

I use Elements for my HSA and wanted to give a heads up about a problem I encountered to anyone else using them for investing their HSA. I overcontributed to the HSA for 2018 by $50 due to the IRS changing the limit. In order to avoid the monthly fee in the account, you need to leave $2500 in the hs...
by mhalley
Thu Apr 05, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: SS Benefit Calculators?
Replies: 24
Views: 1721

Re: SS Benefit Calculators?

If you are close to actually making a decision, it might be worth it to pay the small fee from one of these https://www.caniretireyet.com/comparing-the-2-leading-social-security-calculators/ If you are just running scenarios for a future retirement, here are a bunch if free ones https://money.usnews...