Search found 268 matches

by camillus
Tue Feb 06, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Cheap cell phone plans
Replies: 48
Views: 3304

Re: Cheap cell phone plans

Sprint is running a promo for bring-your-own-device. Free until Jan 2019. Unlimited data.
by camillus
Tue Feb 06, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 162
Views: 16599

Re: Bitcoin in Freefall

every crypto is falling in unison and not just BTC That is the problem with cryptos: their multiplicity. There is a limited amount of money that is willing to be invested in cryptocurrencies, while new cryptocurrencies are being developed in ten thousand places. Every programmer on earth is trying ...
by camillus
Tue Feb 06, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Make $90k, pay no Federal Income Tax in 2018? Check / critique this scenario.
Replies: 71
Views: 10489

Re: Make $90k, pay no Federal Income Tax in 2018? Check / critique this scenario.

This is what gets me. You have opted-in to paying federal income tax by choosing Roth over deferred accounts (401k, HSA, and traditional IRA). The OP is simply making different choices, which are also available to you, by choosing to pay federal income tax later (or not at all). This doesn't addres...
by camillus
Mon Feb 05, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Make $90k, pay no Federal Income Tax in 2018? Check / critique this scenario.
Replies: 71
Views: 10489

Re: Make $90k, pay no Federal Income Tax in 2018? Check / critique this scenario.

Maybe, maybe not. Oh, my head hurts. My assumption is that the credits are worked out in favor of the taxpayer, as I laid out in my example with each child tax credit always being a total of $2000, with only $1400 being refundable - no cliffs or dead space. How would I know? What publication from t...
by camillus
Sun Feb 04, 2018 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Make $90k, pay no Federal Income Tax in 2018? Check / critique this scenario.
Replies: 71
Views: 10489

Re: Make $90k, pay no Federal Income Tax in 2018? Check / critique this scenario.

This is similar to my family's situation. I ran our 2017 numbers through the 2018 tax code and I believe we have $56 of federal income tax liability for 2018 with present deferrals. I am happy deferring income in a 403(b) in the 12% bracket and want to make sure I don't "overshoot" zero FIT liabilit...
by camillus
Thu Feb 01, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: TIAA 403b R1, managing high ER, Questions re TRAD in rising int rate env & Social Choice
Replies: 13
Views: 775

Re: TIAA 403b R1, managing high ER, Questions re TRAD in rising int rate env & Social Choice

student wrote:
Thu Feb 01, 2018 8:52 am
Just one data point. I use TIAA Traditional as my fixed income.
Student, do you have any hesitation with investing in Trad during interest rate increases? I'm not sure if I understand the moving parts.
by camillus
Thu Feb 01, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: TIAA 403b R1, managing high ER, Questions re TRAD in rising int rate env & Social Choice
Replies: 13
Views: 775

Re: TIAA 403b R1, managing high ER, Questions re TRAD in rising int rate env & Social Choice

Social Choice Multi-Asset Fund... It is the fund to answer these very concerns. Thanks all, especially harmony. Yesterday I devested from many earth killing corporations. I'm managing my bond allocation as part of this SRI fund. I feel squeaky clean & have a vague sense of moral superiority over th...
by camillus
Tue Jan 30, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Analysis Paralysis -- 403b or Kill the Mortgage?
Replies: 27
Views: 1444

Re: Analysis Paralysis -- 403b or Kill the Mortgage?

Upon reading your OP more closely, I see you are already doing a great deal of tax deferred investing. Two Roth IRAs seems like a good proportion of retirement savings in Roth. Something that can magnify the power of the Roth is holding the "high flying" parts of your asset allocation there - small ...
by camillus
Tue Jan 30, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Analysis Paralysis -- 403b or Kill the Mortgage?
Replies: 27
Views: 1444

Re: Analysis Paralysis -- 403b or Kill the Mortgage?

If early retirement is in the works, I would study several articles over at Mad Fientist on how to withdraw retirement funds early and without penalty: https://www.madfientist.com/how-to-access-retirement-funds-early/ The 401k/403b is perhaps more powerful than the Roth if early retirement is a poss...
by camillus
Tue Jan 30, 2018 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA 403b R1, managing high ER, Questions re TRAD in rising int rate env & Social Choice
Replies: 13
Views: 775

TIAA 403b R1, managing high ER, Questions re TRAD in rising int rate env & Social Choice

Hi all, quick question. I am revisiting my asset allocation and have been thinking about using Trad in my wife's 403(b) as my bond allocation as a way to manage the high expense ratios of the offerings there. I have some understanding of Trad, though it is notoriously complex (I have both liquid and...
by camillus
Tue Jan 30, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5253

Re: A Not Paying Off the Mortgage Thread

You have a year's expenses in your emergency fund. That's enough for that bucket. Take everything else and invest it according to your allocation. If you've nervous, start with a more conservative allocation like 70/30. Don't pay down the mortgage. Maintain liquidity instead. FWIW, I agree with per...
by camillus
Tue Jan 30, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: What if Your Play Money Blows Up?
Replies: 31
Views: 4056

Re: What if Your Play Money Blows Up?

I don't think I'd measure play money as a percentage, like 5%. That would get me thinking about rebalancing in and out of play money - making it no longer play money. Instead, you could decide to set aside $100 a month or a one-time lump sum of $20k or something - just as was said above, it's discre...
by camillus
Mon Jan 29, 2018 12:11 pm
Forum: Personal Consumer Issues
Topic: Neighbor recently burglarized- Suggestions for home security
Replies: 83
Views: 6557

Re: Neighbor recently burgalerized - Suggestions for home security

Host a block party & get to know your neighbors. This will decrease your anxiety and increase your safety. Win win.
by camillus
Mon Jan 29, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5253

Re: A Not Paying Off the Mortgage Thread

I disagree with the recommendation to pay off the sub 3%, 15 yr fixed mortgage. If you are conservative and prefer liquidity and have a tendency to hoard cash, paying off your mortgage seems like a bad idea for a variety of reasons. Personally, I would: 1) Close all but a maximum of 2-3 total checki...
by camillus
Sun Jan 28, 2018 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: A Not Paying Off the Mortgage Thread
Replies: 38
Views: 5253

Re: A Not Paying Off the Mortgage Thread

I think you've really distracted yourself and lost focus. I would do everything I can to simplify your plans, goals, and strategy. Your post captures your distracted-ness - it's hard to read :happy

See if you can come up with a financial strategy for yourself in list format, using 10 lines or less.
by camillus
Sun Jan 28, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Proper asset allocation of our portfolio
Replies: 11
Views: 839

Re: Proper asset allocation of our portfolio

I don't think there's a formula that dictates the relationship between home equity & cash against your asset allocation. The relationship that matters though is the "sleep at night" factor. How much cash do you need to sleep at night? How much cash do you need to maintain the asset allocation of you...
by camillus
Sun Jan 28, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Investment thought loops have been destroying me
Replies: 31
Views: 1327

Re: Investment thought loops have been destroying me

bogleuser,

In your particular situation, a written investment plan might be particularly useful. Write down an investment strategy that captures your risk tolerance and values. From then on, make decisions based off that document and stay the course.
by camillus
Sun Jan 28, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: Minor fender-bender on college property - not at fault - any concern with filing claim?
Replies: 11
Views: 873

Re: Minor fender-bender on college property - not at fault - any concern with filing claim?

Step 1: Bring it to the cheapest, respectable auto body shop in town and get an estimate. From there you will be able to tell if the repair is worth filing a claim. I was recently in a fender bender and was surprised that the repair was less than my $1k deductible. That greatly simplified things for...
by camillus
Sun Jan 28, 2018 5:37 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house, 15yr vs 30yr loan?
Replies: 29
Views: 2912

Re: Buying a house, 15yr vs 30yr loan?

1) Aren't interest rates higher for longer loans? I was surprised to see you say a higher interest rate for paying it off faster. Was that a typo or does that really happen with mortgages? That looks like a mistake. A 30 year mortgage paid off in 15 years will still charge slightly more in total in...
by camillus
Sun Jan 28, 2018 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house, 15yr vs 30yr loan?
Replies: 29
Views: 2912

Re: Buying a house, 15yr vs 30yr loan?

I'm simply wondering which method results in more net worth over time. Since you would be buying one house with a 15 yr and a variably larger one with the 30 yr, no one here can tell you :wink: IF the purchase price is constant and IF you diligently invest the difference in payment between the 15 a...
by camillus
Sun Jan 28, 2018 12:26 am
Forum: Investing - Help with Personal Investments
Topic: Getting a late start. 38yr old seeking advice.
Replies: 10
Views: 1472

Re: Getting a late start. 38yr old seeking advice.

I would make sure to capture the 6% 401k match at the very least. I agree with PFinterst that maxing your 401k is a great idea. Other than that, this is an investing forum and not a real estate forum. I would expect that someone like you could leverage your expertise in home buying into a neat littl...
by camillus
Sat Jan 27, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house, 15yr vs 30yr loan?
Replies: 29
Views: 2912

Re: Buying a house, 15yr vs 30yr loan?

The goal is long term wealth if that isn't obvious, how do I end up with the most money. Obviously with a longer loan I'm comfortable getting a little more house. Purchase price is an important variable in this calculation. If a 30 yr mortgage is going to entice you to buy more house, I'd say go wi...
by camillus
Sat Jan 27, 2018 10:44 pm
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 6767

Re: Wisdom of Bitcoin

The problem with bitcoin is this: it can be replaced by an infinite number of other potential cryptocurrencies with the same or improved characteristics. It's strength, being digital, is also it's weakness. All it takes is a programmer to develop another cryptocurrency (precisely what is happening i...
by camillus
Sat Jan 27, 2018 5:38 am
Forum: Investing - Help with Personal Investments
Topic: Here's my net worth....I max everything out.....now what?
Replies: 64
Views: 11437

Re: Here's my net worth....I max everything out.....now what?

What I would do: 1) Identify how much cash I'd like to hold for emergencies and comfort. 2) Use all other cash to pay down various mortgages. 3) Learn about asset allocation and placing different asset classes in the proper tax advantaged spaces. 4) Abandon target date funds and implement strategies...
by camillus
Sun Jan 21, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Going to one income-seeking testimonials
Replies: 97
Views: 4672

Re: Going to one income-seeking testimonials

My company match is 4.75%, if I put in 6% (I currently put in 12%). My pension is ... So 12 + 4.75 = 16.75% plus some pensions. Not bad at all. Another thing to pay attention to apart from mere savings rate are if you are hitting benchmarks/milestones: https://www.fidelity.com/viewpoints/retirement...
by camillus
Sun Jan 21, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Going to one income-seeking testimonials
Replies: 97
Views: 4672

Re: Going to one income-seeking testimonials

As far as the 15%, that is honestly a target that becomes harder and harder to hit. That doesn’t count my company match, or the pension I have. I believe Dave Ramsey is one of the only gurus that advises not counting company match towards your savings rate goal. How much is the match? A pension is ...
by camillus
Sun Jan 21, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: HSA
Replies: 16
Views: 1380

Re: HSA

Any jesting of mine was meant lightheartedly. For me personally, I would not want to store receipts for decades for a delayed reimbursement. I am specifically referring to the practice of incurring an eligible medical expense now for $300, and waiting 20 years to make the qualified tax-free withdraw...
by camillus
Sun Jan 21, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: HSA
Replies: 16
Views: 1380

Re: HSA

You don't need to keep the receipts to invest it. Some of us plan to invest for future health care costs, including Medicare premiums and Long Term Care insurance, which are eligible in retirement. That is in fact what I am doing. I only meant to parody those who are delaying reimbursement from an ...
by camillus
Sun Jan 21, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: return expensive 3 year old's eye glasses?
Replies: 22
Views: 1718

Re: return expensive 3 year old's eye glasses?

an expensive 3-year-old He is proving to be, yes. Thanks all for helping me think through this. So far I have done my own manual adjustments on the $400 glasses instead of putting my kid in the carseat and driving across town so that the optician can bend the temples of the upcharged "$3" glasses. ...
by camillus
Sun Jan 21, 2018 12:08 am
Forum: Personal Consumer Issues
Topic: return expensive 3 year old's eye glasses?
Replies: 22
Views: 1718

return expensive 3 year old's eye glasses?

Hi all, I'm looking for some advice and wisdom here. I'm well aware that I could have done some due diligence and avoided appearing foolish with this. All the same, I'd appreciate your input. Thank you! The situation: My wonderful 3 1/2 year old son was just prescribed glasses by the best pediatric ...
by camillus
Sat Jan 20, 2018 10:28 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 8283

Re: Fear of dying with too much money?

The OP reminded me of some things I learned in undergrad Psychology 101: Erik Erikson's developmental stages: https://en.wikipedia.org/wiki/Erikson%27s_stages_of_psychosocial_development#Wisdom:_ego_integrity_vs._despair_(maturity,_65_–_death) It seems to me that the antidote for "dying with too muc...
by camillus
Sat Jan 20, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: HSA
Replies: 16
Views: 1380

Re: HSA

I would keep it simple. This was mentioned above: Keep your deductible (or 1.5 of your deductible - you might have a big health expense in January) within your HSA in cash. Invest the rest. Ideally, pick one cheap equity fund in the HSA and do your rebalancing elsewhere. The HSA is a source of a lot...
by camillus
Sat Jan 20, 2018 3:05 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 162
Views: 17332

Re: How to Minimize Your Emergency Care Expenses

Bedside RN here in an ICU environment. Thank you WCI. It seems to me to be absolutely perverse that staff, like me, who interact with patients and families have little knowledge of how much things cost. I speak as a member of "the most trusted profession." My wife recently gave birth to a son. She h...
by camillus
Mon Jan 15, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Vanguard through TIAA-CREF
Replies: 41
Views: 2680

Re: Investing in Vanguard through TIAA-CREF

Hi all, Just dropping in to ask more information about Vanguard funds being offered in a TIAA 403(b) menu. Is there a wrap fee? DW is at an R1 institution without such offerings and is left with horrifyingly bad investment fees across the board - generally ERs of .7%. Just curious how easy it is to ...
by camillus
Sat Jan 13, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: To those who avoid FICA with HSA payroll contributions
Replies: 40
Views: 5654

Re: To those who avoid FICA with HSA payroll contributions

Therefore, if B is better than A (you get a better return on your FICA tax than on low-risk bonds) Hi David, as often as I have heard your argument, it may have finally sunk in. If an investor holds low risk bonds anywhere in their portfolio, presuming the good returns of FICA as you outline, it is...
by camillus
Sat Jan 13, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: New 529 rules -- One state plan's response
Replies: 12
Views: 1035

Re: New 529 rules -- One state plan's response

I believe this only applies to states where there is a state income tax deduction for 529 contributions, thus governed by state laws.
by camillus
Sat Jan 13, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest Emergency Fund
Replies: 11
Views: 780

Re: Where to Invest Emergency Fund

Two separate thoughts: 1) If you aren't maxing out your retirement accounts, use those. See this link to the wiki: https://www.bogleheads.org/wiki/Roth_IRA_as_an_emergency_fund Note, if you are maxing out your Roths, increase your 401k/403b contributions while still treating Roth contributions as yo...
by camillus
Sat Jan 13, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Rolling old Roth IRAs to 529s
Replies: 22
Views: 829

Re: Rolling old Roth IRAs to 529s

There may be a small benefit if you have a 529 state income tax deduction and you withdraw contributions only (avoiding paying the penalty & taxes). Let's say $12k of the $30k are contributions. If you were to withdraw that $12k and contributed it to a 529, and then the next year used that $12k to p...
by camillus
Thu Jan 11, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: To those who avoid FICA with HSA payroll contributions
Replies: 40
Views: 5654

Re: To those who avoid FICA with HSA payroll contributions

Hi all, I just wanted to update this thread with a link to Kitces.com, where he discusses the "ROI" of paying social security taxes: https://www.kitces.com/blog/social-security-fica-self-employment-taxes-return-on-investment-roi-irr/ Kitces goes through different scenarios explaining the relative be...
by camillus
Tue Jan 09, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: Car recommendations needed for growing family
Replies: 34
Views: 2099

Re: Car recommendations needed for growing family

I did not read much of the thread, but has anyone yet recommended a Honda Odyssey? That's what I drive. :mrgreen: I also have two kids. Most of the time we ride around with the third row folded down in "man van" mode. Part family hauler, part home improvement project hauler. One great feature of min...
by camillus
Mon Jan 08, 2018 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to fund non-employer HSA
Replies: 6
Views: 614

Re: Best way to fund non-employer HSA

The easiest thing to do is to manually fund Lively out of your checking account. Another thing you could do is have payroll deductions go to HealthEquity, thus bypassing 7.65% payroll tax (social security & medicare) - effectively giving you an immediate ~7% bump to your contribution. Yet, some wise...
by camillus
Mon Jan 08, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA (2017)
Replies: 190
Views: 37394

Re: Best HSA (2017)

alerya wrote:
Sun Jan 07, 2018 9:01 pm
LMCU vs. Lively
To keep it simple, Lively seems to be the best HSA available right now. The new offerings from LMCU seem to be a happy development for bogleheads already connected to LMCU because of it's rewards checking account.
by camillus
Sun Jan 07, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA (2017)
Replies: 190
Views: 37394

Re: Best HSA (2017)

Re LMCU Here's the fund lineup: https://hsainvestments.com/fundperformance/?p=LMC Many Vanguard funds in admiral class, no minimums - though nothing easy like total stock market, etc. Fee total seems to a flat $30/year I first learned of this from tbradnc on this thread: https://www.bogleheads.org/f...
by camillus
Sun Jan 07, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: Lake Michigan CU HSA - New investment options
Replies: 4
Views: 593

Re: Lake Michigan CU HSA - New investment options

tbradnc,

Sorry, that was a typo! I was meaning to write $30/yr. I was also meaning for my post to come off as sarcastic.

This new offering from LMCU seems to be among the best, if not THE best, HSA available.
by camillus
Sun Jan 07, 2018 1:05 am
Forum: Investing - Theory, News & General
Topic: Lake Michigan CU HSA - New investment options
Replies: 4
Views: 593

Re: Lake Michigan CU HSA - New investment options

Some lovely admiral class Vanguard funds there. If there's no wrap fee, this could be a very good option.

Edit: I did some looking around on the LMCU FAQ and elsewhere, and it seems there are no wrap fees. Just a flat $30/mo for admiral class Vanguard funds.

Nothing to see here folks.
by camillus
Wed Jan 03, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is paying down the mortgage the right choice?
Replies: 16
Views: 1756

Re: Is paying down the mortgage the right choice?

What is the rate on the mortgage? :D
by camillus
Wed Jan 03, 2018 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plan in tax free state, dont do it?
Replies: 5
Views: 591

Re: 529 plan in tax free state, dont do it?

1) You don't have to use the 529 in your state. You can use a low-fee Vanguard-based 529, like Utah or Nevada (not exactly sure). 2) You don't actually have to hold the an asset allocation designed to meet your "mid-range" (10 years) needs within the 529. You can be 100% aggressive in your 529, and ...
by camillus
Sun Dec 31, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Care Credit vs FSA in 12% bracket
Replies: 4
Views: 455

Re: Dependent Care Credit vs FSA in 12% bracket

Thanks all for your replies, especially grabiner for his expertise with social security. I wrote my OP to illustrate that Dependent Care FSAs are not very advantageous in lower brackets, especially given TRJA. For me, I hope I can weasel my way out of participating in my FSA. Otherwise, with biweekl...