Search found 481 matches

by camillus
Sun Sep 23, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA vs clergy 403(b) bad ERs, 15% tax brkt
Replies: 8
Views: 863

Re: Roth IRA vs clergy 403(b) bad ERs, 15% tax brkt

Every $420 of additional earnings increases your Average Indexed Monthly Earnings by $1. If you are in the 15% tax bracket, your AIME is probably below the second bend point ($5336 in 2017, corresponding to an average annual salary of $64,032), so that increases your Primary Insurance Amount by 32 ...
by camillus
Sun Sep 23, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 70
Views: 4136

Re: Emotional Investor - I'm a mess and need help!

I haven't looked recently into the fees in Betterment, but I think they are on par with Vanguard services. Betterment just seems really slick. I don't use them, but I am a fan. The claim is that the automatic tax loss harvesting pays for the fees. Again, the interface is just really slick. If I had ...
by camillus
Sun Sep 23, 2018 1:03 pm
Forum: Personal Consumer Issues
Topic: squeaky lock and hard to turn key
Replies: 18
Views: 864

Re: squeaky lock and hard to turn key

If you take a good look at the lock mechanism, you might be able to disassemble the whole thing fairly easily and coat everything with oil or WD40 (or graphite, apparently). That will get it in tip top shape. I did this recently with all the 90 year old interior locks around my house upstairs. It wa...
by camillus
Sun Sep 23, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 70
Views: 4136

Re: Emotional Investor - I'm a mess and need help!

Stated goal: Find a way to be more involved in investing.

Problem: You are a horrible investor. Sorry.

Solution: Change the goal so that you are involved as little as possible with your investing.
by camillus
Sun Sep 23, 2018 3:54 am
Forum: Personal Consumer Issues
Topic: How to get rid of rabbits
Replies: 66
Views: 3434

Re: How to get rid of rabbits

I have rabbits in my yard and they just eat the clover :happy
by camillus
Sun Sep 23, 2018 3:37 am
Forum: Investing - Help with Personal Investments
Topic: Should we pay off $90K mortgage with idle cash or not?
Replies: 22
Views: 2270

Re: Should we pay off $90K mortgage with idle cash or not?

I am not brave enough to click on a link without any surrounding information.

I'll answer the question without clicking: No, invest that money per your AA.
by camillus
Sun Sep 23, 2018 3:36 am
Forum: Investing - Theory, News & General
Topic: How do you define your success in our life, career and job?
Replies: 25
Views: 1714

Re: How do you define your success in our life, career and job?

I'm a religious person, so a good part of the answer to this question has to do with that. Being highly paid or wealthy is actually not a direct indicator of success for me. Rather: to do meaningful work and to be improving at it, to live in security and provide a stable home for my family, to provi...
by camillus
Sun Sep 23, 2018 2:27 am
Forum: Investing - Help with Personal Investments
Topic: Which do I pick? Roth 401(k) or Traditional 401(k)?
Replies: 36
Views: 2510

Re: Which do I pick? Roth 401(k) or Traditional 401(k)?

Some benefits to a Roth IRA for young people:

1) Contributions can be withdrawn in case of emergency or other circumstance
2) Earnings can be withdrawn without penalty for school or down payment
by camillus
Sun Sep 23, 2018 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 133
Views: 7365

Re: Physical Banking - Any benefits anymore?

watchnerd wrote:
Sun Sep 23, 2018 2:20 am
And what credit union is this?

I've never seen 3% on checking in the present era.
https://www.bankrate.com/banking/checki ... unt-rates/
by camillus
Sun Sep 23, 2018 2:18 am
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 133
Views: 7365

Re: Physical Banking - Any benefits anymore?

My B&M credit union gives me 3% on my checking balance. And my 4 year old really does like the lollipops. When I ask him what he wants to do, he will sometimes say go to the bank. Free coffee for me (though often too hot). I go probably every other month to get cash in different denominations for ba...
by camillus
Sat Sep 22, 2018 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Which do I pick? Roth 401(k) or Traditional 401(k)?
Replies: 36
Views: 2510

Re: Which do I pick? Roth 401(k) or Traditional 401(k)?

I agree with the Roth. Given your age and that you are at the beginning of your earnings curve, a Roth makes more sense. Particularly given the relatively low federal income tax rates. When your salary moves up or if tax rates increase, you can revisit that decision. As a person with more in a tIRA...
by camillus
Sat Sep 22, 2018 3:57 am
Forum: Personal Consumer Issues
Topic: Recommend a To-do app please.
Replies: 26
Views: 1799

Re: Recommend a To-do app please.

Paper journal. Each list is indexed by a Table of Contents. Each page can be a different breakout list for a new project. Different lists for work & home. You can take a photo or just rip out the page if you need a shopping list or to remember something for an errand. You can make simple spreadsheet...
by camillus
Sat Sep 22, 2018 3:10 am
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 36
Views: 2110

Re: HELOC as a bonds replacement for drawing down from in a downturn?

Do you have more details about your dad's situation? I've never heard of a HELOC being cancelled per see during 2008. The only thing I've ever seen is that a bank reevaluted the property value, discovered the owner no longer actually had any equity due to their outstanding mortgage, and reduced/rem...
by camillus
Sat Sep 22, 2018 2:50 am
Forum: Investing - Help with Personal Investments
Topic: Coverdell ESA Asset Allocation
Replies: 8
Views: 586

Re: Coverdell ESA Asset Allocation

Here's an alternative approach: Continue to go 100% stock in your ESA, but increase your bond position in your 401k. Why? 1) This takes maximal advantage of the tax benefit of the ESA, ie growth is tax free if used for education. 2) Your total risk stays about the same as if you added bonds to your...
by camillus
Sat Sep 22, 2018 2:47 am
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 36
Views: 2110

Re: HELOC as a bonds replacement for drawing down from in a downturn?

Fun story. My dad was reliant on a HELOC to pay for my two younger sibs to go to college in 2009, 2010. In a true downturn the banks are panicking - trying to limit their exposure to the sky that's falling. My pop's line of credit was reduced to zilch. My sibs were S-O-L. More of a sad story. Debt p...
by camillus
Tue Sep 18, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Coverdell ESA Asset Allocation
Replies: 8
Views: 586

Re: Coverdell ESA Asset Allocation

Here's an alternative approach: Continue to go 100% stock in your ESA, but increase your bond position in your 401k. Why? 1) This takes maximal advantage of the tax benefit of the ESA, ie growth is tax free if used for education. 2) Your total risk stays about the same as if you added bonds to your ...
by camillus
Mon Sep 17, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: $180 IPhone SE or $90 Iphone 5S
Replies: 33
Views: 2181

Re: $180 IPhone SE or $90 Iphone 5S

I would strongly consider moving to a 7. The SEs do not have access to the full bands of cellular networks. If you want full LTE, they are more or less tied to the carrier they are designed for, and subsequent MNVOs. Buying an SE might be a cost saver, but over the long term you are stuck with a ne...
by camillus
Mon Sep 17, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: $180 IPhone SE or $90 Iphone 5S
Replies: 33
Views: 2181

Re: $180 IPhone SE or $90 Iphone 5S

I would strongly consider moving to a 7. The SEs do not have access to the full bands of cellular networks. If you want full LTE, they are more or less tied to the carrier they are designed for, and subsequent MNVOs. Buying an SE might be a cost saver, but over the long term you are stuck with a net...
by camillus
Sun Sep 16, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 151
Views: 10963

Re: Considering Quitting Job - Seeking Advice. Would you do it?

To me, a methodical and graceful resignation will come across better to other employers than getting fired. Should I end up never working again, then I agree. It seems to me that you have some difficulty setting boundaries, proudly saying "I have never quit anything" when hardly anyone here on this...
by camillus
Sun Sep 16, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 151
Views: 10963

Re: Considering Quitting Job - Seeking Advice. Would you do it?

If quitting is on the table then getting fired could (should?) be on the table too. How about having a conversation with your manager saying that you need to reduce your hours to 50/wk or whatever number is doable for you. If you get fired, you don't want to work there anyways. Plain and simple. I w...
by camillus
Sun Sep 16, 2018 12:31 am
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 304
Views: 52487

Re: What is your luxury good?

Health club membership
by camillus
Sat Sep 15, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Considering an HSA with a baby on the way - good idea or bad?
Replies: 9
Views: 747

Re: Considering an HSA with a baby on the way - good idea or bad?

and max out the associated health savings account I would guess that the HSA plan would pull ahead pretty easily if the employer is going to max out your HSA - $6900. That's the equivalent of $575/mo in subsidized premiums on the PPO plan. Another way to look at it is take the $6900 and subtract yo...
by camillus
Sat Sep 15, 2018 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

Just a tidbit to throw in, under the more general topic of lumping deductions. In my locale, property taxes can be paid late, but with a penalty - which seems acceptable to the government. My property tax is due in July, but can be paid the next January for a fee of 6%. You could "double up" your pr...
by camillus
Sat Sep 15, 2018 3:25 am
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

My big takeaway is to do what is necessary to start a decent sized taxable now so that in the next 4-10 years when it makes sense to use this strategy I suppose is a reasonable position I should also take. By my calculations, this shows that you (assuming 12k charitable contributions and 12k non-ch...
by camillus
Fri Sep 14, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

Still doesn't get back Roth space AFAIK. No, you don't get that Roth space back, but you get these benefits: 1) The DAF continues to be invested in the asset class of the former Roth money. 2) You get to do "free" Roth conversions at different points, if you wish. 3) The tax savings spun off by inc...
by camillus
Fri Sep 14, 2018 4:55 am
Forum: Investing - Theory, News & General
Topic: Slight fear of investing in general now
Replies: 20
Views: 2134

Re: Slight fear of investing in general now

The human brain is interesting. It's a fear machine. That's what makes genes survive. I wonder if there's someone like the OP, who instead wakes up in the middle of the night in a cold sweat - "I wonder if things are much, much more resiliently on an upward trend than anyone realizes?" A part of thi...
by camillus
Fri Sep 14, 2018 4:47 am
Forum: Investing - Help with Personal Investments
Topic: Best tool/way to manage the a portfolio of multiple accounts
Replies: 22
Views: 1267

Re: Best tool/way to manage the a portfolio of multiple accounts

I use personal capital, but for asset allocation I also keep a simple spreadsheet.
by camillus
Thu Sep 13, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

Except you can, and much more. Every year that you itemize, you can make a "free" Roth conversion. (You'd have to decide which you'd rather have, increased Roth space or the tax savings as cash in hand.) I'm not sure I understand this correctly. Years when you're taking the standard deduction doesn...
by camillus
Thu Sep 13, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: [Credit freezes and un-freezes are now free]
Replies: 57
Views: 1977

Re: Free credit freezes and un-freezes after Sep 21, 2018

DW and I froze all credit (including Chexis and Innovis) after the Equifax breach, paying various fees. Since then we have done a "temporary thaw" once each. It was actually fairly painless. In the "temporary thaw" process you simply go to the website, enter your PIN, and select how long you would l...
by camillus
Wed Sep 12, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2728

Re: Picking a Charity

First of all, you should look into a Donor Advised Fund. I've been very interested in DAFs lately. See: https://www.youtube.com/watch?v=p3QTj3607v0 Most of my contributions are given per my faith commitment, including global disaster relief & community development. Here's a good read from MMM on cha...
by camillus
Wed Sep 12, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

Another thought: If there is a concern that pulling from the Roth to start this strategy is reducing tax-free money in retirement, then one could essentially use the initial 12k added deduction over the standard deduction to do a traditional -> Roth conversion without raising taxable income which m...
by camillus
Tue Sep 11, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 9972

Re: Anyone else not save for cars?

The main benefit of buying with a car fund is controlling the purchase price . "I only have $15k set aside for a car. I will buy a $15k car." vs "I have no money for a car, but rates are low and I make good money. Let's look at $30k cars." Committing yourself to paying with cash out of a "car fund" ...
by camillus
Tue Sep 11, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Beginning investment plan for 30 year old
Replies: 7
Views: 967

Re: Beginning investment plan for 30 year old

Thanks everyone for the replies! It's a lot to learn after spending my life to this point uninterested in this stuff. I realized that my company gives the option to contribute to either a traditional 401k or a Roth 401k or some mix of both. What would be the right way to go here? Does is make sense...
by camillus
Tue Sep 11, 2018 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Qs: Does your DAF sync with personal capital?
Replies: 10
Views: 633

Re: Quick Qs: Does your DAF sync with personal capital?

aristotelian wrote:
Tue Sep 11, 2018 7:25 pm
But yes, if you log into your Schwab account, it does show the DAF on your main accounts page. If you click through, it takes you to their charitable website. Yes, donating from your Schwab account to your DAF is simple. I haven't tried it with an external brokerage.
Thank you very much.
by camillus
Tue Sep 11, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Beginning investment plan for 30 year old
Replies: 7
Views: 967

Re: Beginning investment plan for 30 year old

The advice generally goes like this. Max accounts in this order: 401k to match HSA if available IRAs - Traditional or Roth 401k to max 529 if desireable Taxable Somewhere in there you should establish an emergency fund. Here's an interesting strategy to read about, involving using a Roth IRA as a te...
by camillus
Tue Sep 11, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Qs: Does your DAF sync with personal capital?
Replies: 10
Views: 633

Re: Quick Qs: Does your DAF sync with personal capital?

My Schwab DAF showed up automatically with all my other linked Schwab accounts when I used Personal Capital. Thanks! So is there only one login for both your DAF and brokerage accounts? One webpage? I'm wondering how easy it is to transfer stock. Just a few clicks? I wonder if Fidelity is the same....
by camillus
Tue Sep 11, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Qs: Does your DAF sync with personal capital?
Replies: 10
Views: 633

Re: Quick Qs: Does your DAF sync with personal capital?

The funds in the DAF are not yours so they have no relationship to the management of your personal funds or rebalancing. I think about the DAF differently, though I agree the money is no longer mine. Here are two ways to explain my thinking: 1) If I did not have a DAF, I would be doing charitable c...
by camillus
Tue Sep 11, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Quick Qs: Does your DAF sync with personal capital?
Replies: 10
Views: 633

Quick Qs: Does your DAF sync with personal capital?

Hi all, I started a thread about Donor Advised Funds that became hair-brained, esoteric, and possibly idiotic - but potentially lucrative: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=258371&newpost=4112610&view=unread#unread I wanted to pop out of that thread and ask a few questions to the ...
by camillus
Mon Sep 10, 2018 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

Ah, ok. I think I get it now. Thanks for putting up with me! As a potential benefit to those who wish to make consistent giving part of their practice, it has the effect of creating an ‘emergency giving fund’ where one may be less likely to curtail giving from the DAF in the event of a job loss at ...
by camillus
Mon Sep 10, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

The gain is in the form of reduced taxes (from the deduction). The cost is in the form of lost earnings on the initial 1.5x yearly giving amount. Instead of letting the earnings grow, you are choosing to give them away. I suppose you can argue that the initial 1.5x yearly giving amount will 'stay' ...
by camillus
Mon Sep 10, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

If you simply left it in the Roth, 1.06^12 = 2, so the Roth account would grow to $24k or $36k. This is space that isn't likely to get refilled if you're maxing out tax advantaged space. In retirement, I don't think future donations would come from Roth accounts if other accounts are available (i.e...
by camillus
Mon Sep 10, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

Warning - this post is going to be disgusting and will probably have some (hopefully small) math errors Interesting idea, but I’m having trouble after several readings following the different starting points and end points. I’d like to see what happens if you equalize the end points... I’ll have to ...
by camillus
Sun Sep 09, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

When you contribute assets to the DAF, they aren't yours any more. I understand that you can choose the asset allocation in the DAF and choose both when and how much to donate to charities, and I get your point about redirecting cash flow - but you can't make contributions 'yours' again. Think abou...
by camillus
Sun Sep 09, 2018 1:24 am
Forum: Personal Consumer Issues
Topic: Video Game Collection
Replies: 39
Views: 2220

Re: Video Game Collection

I would sell, and get started soon. The reason I'd say this is that you have a lot of time-cost locked into that asset. It's not like you can hit "sell" on a trader platform and have $30,000 show up in your checking account. You have a little part-time job waiting for you for a few months. Get start...
by camillus
Sun Sep 09, 2018 12:46 am
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

On Tax Free Withdrawals & the End Game I have been comparing this DAF strategy as a benchmark to a Roth IRA contribution from a tax advantage perspective. Roth IRAs have tax free growth and withdrawals. In this strategy, the DAF (and the feeder taxable account) also clearly has tax free growth. It ...
by camillus
Sat Sep 08, 2018 12:29 am
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

This is really interesting. I'm looking into doing the same thing this year for my family. We give a fixed % of our gross income each year. For this year (2018) my income is higher than typical as I lost a job but received severance and landed a better paying job. So, combining my higher income for...
by camillus
Fri Sep 07, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

I did not say it was a horrible plan, just not optimal IMO. There are very few FREE rides anymore, and I see a Roth as about as close as it comes, especially if you keep the money in there for years. :D Thanks, soccerrules. I agree that the Roth is very good. I think I am discovering one of those "...
by camillus
Fri Sep 07, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

MrBeaver wrote:
Fri Sep 07, 2018 10:43 am
Another thought
Interesting! I suppose you could also do this every other year, as long as you wanted to. Instead of increasing your deductions, your deductions would stay the same but you would be slowly transferring a tIRA balance to Roth without paying additional taxes.
by camillus
Fri Sep 07, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3556

Re: DAF > Roth IRA? 12% tax bracket, no taxable

I like other posters think a withdrawal from your Roth is not optimal and perhaps hurting you in the long run with the LOSS of tax free growth and tax free withdrawals. I would rethink this move. I'm sorry - but I'm not sure I lose tax free growth & withdrawals :happy My initial $12k transfer from ...