Search found 6488 matches

by mhalley
Fri Jan 18, 2019 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 37
Views: 2765

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

You can run an emulator if you don’t have a phone. I have had good results with blue stacks. Here are some others:
https://www.androidauthority.com/best-a ... pc-655308/
by mhalley
Fri Jan 18, 2019 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 37
Views: 2765

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

For i-orp, be sure you are using the extended version, and that you are checking the appropriate tax bracket ceiling. It is the last field under retirement plans. If you don’t mind spending 5 bucks on an android app, try the pro version of the Can I retire yet app. You can put in actual amounts of c...
by mhalley
Fri Jan 18, 2019 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Little mess with a 401a in a 457b
Replies: 2
Views: 149

Re: Little mess with a 401a in a 457b

Too much hassle for two little money. You are talking about 1 and 1/3years of ira contributions.
by mhalley
Fri Jan 18, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Acquisition Lowering Credit Score
Replies: 4
Views: 340

Re: Bank Acquisition Lowering Credit Score

If you are not taking out a new car loan or mortgage in the next 6 months, this is nothing to worry about. Once they get everything back in the system, your score should come back to what it was before this happened.
by mhalley
Fri Jan 18, 2019 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Going from 100-0 to 90-10 with bonds in taxable account
Replies: 15
Views: 949

Re: Going from 100-0 to 90-10 with bonds in taxable account

The income from the fund would be tax exempt, but selling shares at a gain would be subject to capital gains taxes. I like having some bonds in my taxable account, but I didn't start adding bond funds to taxable until I was fairly close to retirement. WCI likes bonds in taxable: https://www.whitecoa...
by mhalley
Fri Jan 18, 2019 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 34
Views: 2430

Re: Should I dump our wealth planner/financial advisor?

You can become educated enough to diy in just a few days. I suggest you start at the wiki, paying attention to the following articles: https://www.bogleheads.org/wiki/Getting_started https://www.bogleheads.org/wiki/Asset_allocation https://www.bogleheads.org/wiki/Three-fund_portfolio https://www.bog...
by mhalley
Fri Jan 18, 2019 1:47 am
Forum: Investing - Help with Personal Investments
Topic: Diversifying investment vehicles
Replies: 2
Views: 293

Re: Diversifying investment vehicles

Reits and value and small cap value are often considered for those that like to slice and dice. Add in emerging markets and you start to get pretty complicated portfolios. As wci says, . The truth is that no one knows which portfolio is going to outperform in the future. You can change all the facto...
by mhalley
Fri Jan 18, 2019 1:22 am
Forum: Investing - Theory, News & General
Topic: Investing and Paying down Debt
Replies: 10
Views: 1062

Re: Investing and Paying down Debt

I think you are trying to achieve 2 things here. First, an emergency fund in the case of job loss. For that, the high yield fund might be ok, but in general bogleheads aren’t fans of junk. Once you have achieved the 6-12 mos of expenses in the emergency fund, you can consider the debt question. The ...
by mhalley
Thu Jan 17, 2019 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: No 401K match new employer
Replies: 20
Views: 1169

Re: No 401K match new employer

401k is generally worthwhile up to 1.7% expenses. You can open the Ira online in just a few minutes. If you don’t qualify for a Roth, you can do it via the backdoor.

https://www.bogleheads.org/wiki/Backdoor_Roth

https://investor.vanguard.com/ira/how-to-open-an-ira
by mhalley
Thu Jan 17, 2019 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 37
Views: 2765

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

Medicare is so much cheaper than aca insurance, I don’t know if it is worrying about reaching the first tier. Open social security doesn’t take into account doing Roth conversions, so certainly you need to think about them. In general, withdrawing from taxable first is best. Run some scenarios at I-...
by mhalley
Wed Jan 16, 2019 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Balanced investment for my HSA?
Replies: 3
Views: 335

Re: Balanced investment for my HSA?

Fidelity target retirement freedom index fund in the aa you want. Something like 2020
https://fundresearch.fidelity.com/mutua ... /315793505
by mhalley
Wed Jan 16, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth and Pro-Rata Rule
Replies: 7
Views: 478

Re: Backdoor Roth and Pro-Rata Rule

The backdoor Roth is a great addition to retirement savings, but it isn’t the end of the world if you don’t have access to it. POF discusses the value of it here https://www.physicianonfire.com/value-of-backdoor-roth/ He bacically states it is worth about 50 bucks a year. . By tucking away $6,000 in...
by mhalley
Wed Jan 16, 2019 12:45 pm
Forum: Personal Consumer Issues
Topic: How to set android phone to send phone solicitors directly to voice mail.
Replies: 27
Views: 1660

Re: How to set android phone to send phone solicitors directly to voice mail.

There are many call blocking apps. Should I answer is one .Should I Answer is not your average call blocker. It’s able to block specific numbers or all phone numbers except those in your contact list, sure, but the real hook is its extensive database of known telemarketer, scammer, and premium rate ...
by mhalley
Tue Jan 15, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2084

Re: Can I afford a 50k car? If so, whats the best way to do it?

Dave Ramsey's rule is that anything with a motor can't exceed 50 percent of income.
He also says no new cars till net worth a million, but I don't agree with that one
by mhalley
Mon Jan 14, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: [Roth conversions]
Replies: 7
Views: 496

Re: [Roth conversions]

How much to convert is a problem I struggle with, but I don’t have 5 mill. I use I-orp for a guideline.

https://www.i-orp.com/CashAcc/extended.html
Paying the taxes from the Ira itself makes it much less attractive to do conversions, but you need to run the cakculations on the tax rates.
by mhalley
Sun Jan 13, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Inquiry - But Haven’t Applied for Anything
Replies: 8
Views: 607

Re: Credit Inquiry - But Haven’t Applied for Anything

Fraud alerts are not good enough. Freeze all the way. It is not that difficult to unfreeze, plus it is now free. These days everyone should have their credit frozen, except maybe you are definitely opening a new account in a week or 2.
by mhalley
Sun Jan 13, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: When and how to report income
Replies: 12
Views: 843

Re: When and how to report income

From TurboTax . Cash earnings from side jobs must be reported on your tax return, even if the earnings are minimal. Under-reporting income from side work can lead to additional tax assessments and penalties. You can prevent this by reporting all income you get from your side gig, whether it's in the...
by mhalley
Sun Jan 13, 2019 1:35 pm
Forum: Personal Consumer Issues
Topic: Geek Squad Wait Time
Replies: 13
Views: 1163

Re: Geek Squad Wait Time

Is it cost effective to pay $120 a year for something you use “sparingly”?
by mhalley
Sun Jan 13, 2019 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: PLEASE help me chose between two horrible 403 b employer options
Replies: 7
Views: 340

Re: PLEASE help me chose between two horrible 403 b employer options

People become obsessed a little too much about fees. Low fees are definitely better, but the tax deferral is the main thing. Remember that a retirement plan beats taxable investing (in most cases) until fees reach 1.7%.
by mhalley
Sun Jan 13, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Forgiveness-Told Wrong Plan
Replies: 6
Views: 726

Re: Student Loan Forgiveness-Told Wrong Plan

Student loans are fraught with stories like this. People are given the wrong information, put in the wrong plan, pay the wrong amount, etc etc. some are trying to sue their servicers, but it doesn’t look good. You might check out stydentloanhero. https://studentloanhero.com/featured/student-loan-ser...
by mhalley
Sun Jan 13, 2019 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: VWIAX [Vanguard Wellesley Income Fund]
Replies: 9
Views: 1039

Re: VWIAX [Vanguard Wellesley Income Fund]

Wellesley is a great fund, but I think having everything there does not give enough diversification. You might consider half Wellesley and half ls conservative growth, or half Wellington.
by mhalley
Sun Jan 13, 2019 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Confused by automatic backdoor Roth
Replies: 1
Views: 211

Re: Confused by automatic backdoor Roth

I think they are talking about what several call the “mega backdoor Roth” They would continue to take money and put it in the 401k, but you would have to pay taxes on it. Then they convert it to a Roth 401k. It then compounds for years and you never pay taxes on it again. https://www.whitecoatinvest...
by mhalley
Sun Jan 13, 2019 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: What does it mean that Vanguard's PAS will default to using use the MinTax cost basis method?
Replies: 11
Views: 877

Re: What does it mean that Vanguard's PAS will default to using use the MinTax cost basis method?

Hopefully as you continue in your career, your income will increase so that eventually you will have substantial assets in your taxable account. Vanguard will then have to rebalance the taxable account at some point, and minimizing taxes is always good.
by mhalley
Sun Jan 13, 2019 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in SEP IRA
Replies: 4
Views: 229

Re: Investing in SEP IRA

Since you mentioned fbalx, you might have access to fidelity target INDEX funds which are passive and have a low er and of course no commissions at fidelity.
by mhalley
Sun Jan 13, 2019 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Sell Before the ex dividend date to avoid taxes?
Replies: 6
Views: 813

Re: Sell Before the ex dividend date to avoid taxes?

If they are at a loss now and you want to tlh, then it is better to sell before the ex div date. St gains are taxed at your ordinary tax rate, so in general it is better to keep them for a year. If you are dumping stocks to move to a boglehead portfolio and you have enough losses to offset them then...
by mhalley
Sat Jan 12, 2019 9:19 pm
Forum: Personal Consumer Issues
Topic: Readers with Astigmatism
Replies: 11
Views: 984

Re: Readers with Astigmatism

If you wear contact lenses then you probably don’t need rx readers.
by mhalley
Sat Jan 12, 2019 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for Rebalancing with Vanguard
Replies: 1
Views: 278

Re: Advice for Rebalancing with Vanguard

The wiki has some suggestions, such as 5% rebalancing bands. How often is more controversial, usually something like yearly is recommended. You generally don’t want to pay taxes to rebalance. https://www.bogleheads.org/wiki/Rebalancing Vanguard also has a white paper, and concludes: . the risk-adjus...
by mhalley
Sat Jan 12, 2019 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Acitvely managed funds -> index funds
Replies: 9
Views: 1360

Re: Acitvely managed funds -> index funds

You need to look at it all. A lower fee fund that spits out lots of cap gains and dividends may cost more than a higher fee fund with lower distributions. You might look at getting rid of the balanced fund first as you are less likely to be able to tlh with it. And will give taxable interest. You ca...
by mhalley
Sat Jan 12, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Readers with Astigmatism
Replies: 11
Views: 984

Re: Readers with Astigmatism

I have myopia, presbyopia and astigmatism. I had my optometrist give me a rx for reading glasses with the astigmatism correction. I wear progressives most of the day, but use the reading glasses if I am having a long reading session. Works great. If you had your refraction done fairly recently, see ...
by mhalley
Sat Jan 12, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA ineligible LOSS
Replies: 9
Views: 482

Re: Roth IRA ineligible LOSS

I think vanguard might be wrong, but I am not 100% sure.You would have other options if you caught it in time. You could continue to pay the excess tax, but that doesn’t seem wise. https://www.thebalance.com/what-to-do-if-you-contributed-too-much-to-your-roth-ira-3192888 This thread has answers to a...
by mhalley
Sat Jan 12, 2019 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance requested
Replies: 9
Views: 995

Re: Guidance requested

Real estate is a viable path to fi, but it involves work. You might check out passuveincome md.
https://passiveincomemd.com/
by mhalley
Sat Jan 12, 2019 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: VMMXX - [Vanguard Prime Money Market Fund vs. online bank]
Replies: 10
Views: 1848

Re: VMMXX -

That is what I do. I transferred money from my vanguard fund to my b&m bank the other day with just a couple of clicks, showed up as expected.
by mhalley
Sat Jan 12, 2019 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: IRMAA question
Replies: 2
Views: 258

Re: IRMAA question

I believe that is correct. Kitces discusses Irma’s here https://www.kitces.com/blog/irmaa-medicare-part-b-part-d-premium-surcharges-new-2018-magi-thresholds/ Irmaa has had many changes since it first went into effect, making future predictions very difficult. As a 64 yo paying over 2800 a month for ...
by mhalley
Sat Jan 12, 2019 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: What does it mean that Vanguard's PAS will default to using use the MinTax cost basis method?
Replies: 11
Views: 877

Re: What does it mean that Vanguard's PAS will default to using use the MinTax cost basis method?

If you don’t have money in taxable accounts, then this won’t impact you. If you are adding money to taxable accounts, then it might in the future. Previous thread:
viewtopic.php?t=59718
by mhalley
Sat Jan 12, 2019 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio HELP - time to stop the bleeding from AUM fee
Replies: 34
Views: 2371

Re: Portfolio HELP - time to stop the bleeding from AUM fee

Asset allocation is a very personal decision. For someone on their early 40s it could vary anywhere from 60/40 to 90/10, depending on your risk tolerance and retirement date. You can try taking some of the aa questionairres, but the man thing is how much of a loss you can tolerate. It also depends o...
by mhalley
Sat Jan 12, 2019 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Backdoor ROTH older Non Deductable tIRA
Replies: 12
Views: 552

Re: Can I Backdoor ROTH older Non Deductable tIRA

1. Roth doesn’t need rolled over.
2. As long as the trad Ira has a zero balance on 12/31, you are ok.
by mhalley
Fri Jan 11, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: missed RMD for several years
Replies: 5
Views: 1179

Re: missed RMD for several years

I believe you need to file form 5329 for each year of rmds missed. My understanding is that the irs is pretty good about forgiving the penalty. Here is a previous thread on missed rmds.

viewtopic.php?t=115324
by mhalley
Fri Jan 11, 2019 10:59 pm
Forum: Investing - Theory, News & General
Topic: P2P Lending for payday loans?
Replies: 3
Views: 314

Re: P2P Lending for payday loans?

I would imagine those types of loans are very risky.
https://www.ibtimes.com/payday-loans-st ... ns-1864480
by mhalley
Fri Jan 11, 2019 10:53 pm
Forum: Personal Consumer Issues
Topic: MMORPG games
Replies: 59
Views: 4390

Re: MMORPG games

Fortnite battle royalse gets all the press, but I really like fortnite save the world. 4 player coop kill zombies and build traps. Multiple weapon types and character types. Still in open access, but they have frequent updates and improvements. Warframe is free to play, 3rd person “space ninja” shoo...
by mhalley
Fri Jan 11, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Non deductable IRA Contributions
Replies: 16
Views: 706

Re: Non deductable IRA Contributions

I believe many people think it is not worth doing nondeductable Ira contributions if you can’t do the backdoor Roth. Instead, invest in a taxable account. At a minimum, you might want to put nondedectabke Ira contrubutions in a seperate account to make taxes easier. From a motley fool article. https...
by mhalley
Thu Jan 10, 2019 5:37 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9711

Re: Disciplined with finances, but not so with diet

I found that eating a small healthy snack like a handful of nuts helped me keep on the diet. I used MyFitnessPal and still keep track of the calories and have kept 78 pounds off fir 5 years. How many calories are you on? If you restrict too much, it I'd not sustainable.
by mhalley
Thu Jan 10, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off a 30 year mortgage in 15 years? The cost of flexibility
Replies: 79
Views: 7538

Re: Pay off a 30 year mortgage in 15 years? The cost of flexibility

It will depend on closing costs and mortgage rates. You wouldn’t want to extend the overall term, but if you kept it overall the same and got a lower interest rate it could pay off in the long run. They have breakeven calculators for this situation. https://www.bankrate.com/calculators/mortgages/mor...
by mhalley
Thu Jan 10, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off a 30 year mortgage in 15 years? The cost of flexibility
Replies: 79
Views: 7538

Re: Pay off a 30 year mortgage in 15 years? The cost of flexibility

You do pay a cost for the flexibility. They are not talked about/promoted as often as 15 and 30 year mortgages, but there are other periods available, 10 year, 20 year, etc. I came accross this interesting statistic: Of all home mortgages, 90 % are 30 year, 6% 15 year, and only 2% the other. 12% are...
by mhalley
Thu Jan 10, 2019 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Question about dividend in backdoor Roth IRA
Replies: 4
Views: 307

Re: Question about dividend in backdoor Roth IRA

Just invest the 2 bucks in your mf. Report it on the form 8606. You will have to pay taxes on the 2 bucks.
Wci has a post here. Doesnt matter overall when you do the 2019 roth, but time in the market etc.

https://www.whitecoatinvestor.com/penni ... -roth-ira/
by mhalley
Wed Jan 09, 2019 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Backdoor ROTH older Non Deductable tIRA
Replies: 12
Views: 552

Re: Can I Backdoor ROTH older Non Deductable tIRA

Sorry, I forgot to mention the pro rata rule. Kitces discusses it here
https://www.kitces.com/blog/the-impact- ... -payments/
by mhalley
Wed Jan 09, 2019 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Backdoor ROTH older Non Deductable tIRA
Replies: 12
Views: 552

Re: Can I Backdoor ROTH older Non Deductable tIRA

Yes, taxes only on the gains if it was non deductable Ira. Here is some info on non deductable Ira
https://www.nerdwallet.com/blog/investi ... ributions/
by mhalley
Wed Jan 09, 2019 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Backdoor ROTH older Non Deductable tIRA
Replies: 12
Views: 552

Re: Can I Backdoor ROTH older Non Deductable tIRA

Maybe semantics, but a backdoor Roth is putting money into a trad Ira, then immediately converting it to a Roth. You can do a “normal” conversion to a Roth at any time, you just have to pay taxes on any gains. If not doing backdoor roths, it is generally better to put money into a taxable account th...
by mhalley
Wed Jan 09, 2019 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: High Income for First Time, Kid on the Way, and I'm Overwhelmed with My Options (Long)
Replies: 33
Views: 2132

Re: High Income for First Time, Kid on the Way, and I'm Overwhelmed with My Options (Long)

The plan looks pretty good to me. Have you checked into refi of the student loans? Wci has some good stuff at his site on refi etc. you could also check out his podcast #1 that discussed student loan refinancing. https://www.whitecoatinvestor.com/student-loan-refinancing/ I would recommend you incor...