Search found 971 matches

by Iorek
Sun Dec 16, 2018 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Passing assets to next generation, best way !!!
Replies: 23
Views: 1170

Re: Passing assets to next generation, best way !!!

best/easiest way is gifting under the gift limit each year, but I have no idea if that works for you
by Iorek
Sun Dec 16, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 79
Views: 5606

Re: Law school without practicing law

Another opinion worth mentioning is that law school does not teach you law. Most people will learn their relevant law once they start their first job. It also doesn't really teach you a particular analytical framework. It gives you some experience in reading and interpreting laws, understanding the...
by Iorek
Sun Dec 16, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Calendar Years and Backdoor Roths
Replies: 8
Views: 597

Re: Calendar Years and Backdoor Roths

MTZ wrote:
Sun Dec 16, 2018 1:06 am
it does make form 8606 more complicated if you do it after the calendar year according to the WCI.

https://www.whitecoatinvestor.com/17-wa ... -roth-ira/
He asserts that without explanation. My recollection is it might mean you have to fill out an extra line or two?
by Iorek
Sat Dec 15, 2018 6:13 pm
Forum: Personal Consumer Issues
Topic: Adult Games / Board Games - Recommendations
Replies: 52
Views: 2883

Re: Adult Games / Board Games - Recommendations

Concept is sort of charades turned into a board game. Codenames is a pretty good game especially for say 6-8 people-- it's sort of a word association guessing game. Cover your assets is a pretty simple card game (matching pairs and trying to steal them from other players) but I've found most people ...
by Iorek
Sat Dec 15, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Calendar Years and Backdoor Roths
Replies: 8
Views: 597

Re: Calendar Years and Backdoor Roths

You need to make an IRA contribution by the April 15 tax deadline for the year for which you want to contribute, so basically you can make a contribution for 2019 anytime between Jan.1 2019 and April 15, 2020. Because a contribution made between Jan and April 2019 could in theory be made for either ...
by Iorek
Wed Dec 05, 2018 10:42 pm
Forum: Personal Consumer Issues
Topic: Recommend dish drainer (rack)
Replies: 41
Views: 2208

Re: Recommend dish drainer (rack)

One member of the house strongly prefers dish pads (not sure what they are really called, but basically very large thin sponges which you can use in place of dish drainers). They are more aesthetically appealing to some and easier to store when not in use.
by Iorek
Wed Nov 28, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Quit Bothering with Backdoor Roth and/or IRA?
Replies: 20
Views: 2546

Re: Should I Quit Bothering with Backdoor Roth and/or IRA?

POF had a post about how backdoor Roth was not worth the hassle if you had to jump through some hoops to do it. He discusses how a backdoor saves a tax drag of about .5% on a very small portion of your portfolio. About $50-$100 a year. . If you’re married and doing this with $11,000 per year, the s...
by Iorek
Tue Nov 27, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Employeer taking vacation days on public holidays - is this legal or normal?
Replies: 99
Views: 7440

Re: Employeer taking vacation days on public holidays - is this legal or normal?

If they're exempt, that's questionably legal; an employer wouldn't be able to dock an exempt employee's pay for four hours of not working at the employer's behest anyway. Of course, if they're nonexempt, it's not only legal but standard. “exempt”? ie - non profit? I think they mean exempt in the Fa...
by Iorek
Tue Nov 27, 2018 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Quit Bothering with Backdoor Roth and/or IRA?
Replies: 20
Views: 2546

Re: Should I Quit Bothering with Backdoor Roth and/or IRA?

Sorry but do you mean Roth conversions, or do you have NQ stock options the exercise of which is generating earned income, which you have been contributing to a nondeductible IRA, even though you are retired?
by Iorek
Tue Nov 27, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Employeer taking vacation days on public holidays - is this legal or normal?
Replies: 99
Views: 7440

Re: Employeer taking vacation days on public holidays - is this legal or normal?

I am aware that companies are allowed to set conditions around paid holidays i.e. you must work the day before to receive pay for a holiday. But I've never heard they are allowed to mandate use of a PTO day for a day they wouldn't be allowed to work anyway. That's the part that sounds iffy. I agree...
by Iorek
Sun Nov 25, 2018 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: DAF and Tax Question
Replies: 9
Views: 665

Re: DAF and Tax Question

FYI, I think many churches don't bother getting formal 501(c)(3) status, although contributions to them are tax deductible either way. Most people have reported no problems getting the DAF to send money to a church, regardless of whether it has a 501(c)(3) status or not, but some have reported havin...
by Iorek
Sat Nov 24, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: pros and cons of target date funds?
Replies: 52
Views: 5783

Re: pros and cons of target date funds?

- Tax Loss/Gain Harvesting: this is kind of an advanced topic though, so if you know what that is and want to do that, you already wouldn't be using a target fund anyway. I disagree with this comment-- both the idea that anyone who understands TLH is "advanced" enough in their understanding to avoi...
by Iorek
Fri Nov 23, 2018 11:32 pm
Forum: Investing - Theory, News & General
Topic: pros and cons of target date funds?
Replies: 52
Views: 5783

Re: pros and cons of target date funds?

All great points. Something not yet mentioned is that having your retirement money in target date funds may prevent you from making decisions you regret when the stock market starts to change course. I didn’t have a well thought out investment plan in 2008-2009 and I did some buys and sells that we...
by Iorek
Sat Nov 17, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: Financial Engines recommends spending Roth money first
Replies: 25
Views: 2635

Re: Financial Engines recommends spending Roth money first

Financial Engines (now called Edelman Financial Engines) is the administrator for my Megacorp 401K. They offered employees a 3 month free adviser service which I signed up for. Their hope of course, is people stay after the 3 month promo period and pay the ~60-80 basis points. My plan is to cancel ...
by Iorek
Mon Nov 12, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Kids Inheritance - Lump Sum or SWR?
Replies: 13
Views: 1262

Re: Kids Inheritance - Lump Sum or SWR?

In the will I think it's a lump sum at 25 and one at 30, with maybe a smaller bank account POD? However, the goal would be to do it more SWR-like while alive, by helping with a downpayment, or annual gifts, or grandkid 529s...
by Iorek
Wed Nov 07, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Non-qualified 529 distributions due to scholarships
Replies: 19
Views: 1279

Re: Non-qualified 529 distributions due to scholarships

Does this whole discussion assume that the scholarship is being awarded by the school (e.g., "merit aid") and therefore lowers QHEE?

If you get a scholarship from say, Rotary, then presumably it would not lower QHEE and you could withdraw the full amount of tuition from the 529 tax-free, right?
by Iorek
Wed Nov 07, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for something 20 years from now
Replies: 24
Views: 3255

Re: Saving for something 20 years from now

I am all for simplicity and convenience (shhh don't tell anyone I use average cost basis and don't TLH), but I'd just suggest you could consider savings bonds for the bond component-- if you know the thing you are saving for is 20 years away then EE bonds might be attractive, and if you want more fl...
by Iorek
Wed Oct 17, 2018 6:05 pm
Forum: Personal Consumer Issues
Topic: your favorite ereader?
Replies: 28
Views: 1429

Re: your favorite ereader?

New paperwhite coming in November that is waterproof (also some other improvements)
by Iorek
Mon Oct 15, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: $34k Volt vs $54k Model 3?--help me decide??
Replies: 114
Views: 11750

Re: $34k Volt vs $54k Model 3?--help me decide??

I would keep the current Volt and in a couple years there will be whole new host of longer range EVs from Hyundai/Kia all the way up through Audi and Jaguar.
by Iorek
Fri Oct 12, 2018 6:26 am
Forum: Personal Consumer Issues
Topic: your favorite ereader?
Replies: 28
Views: 1429

Re: your favorite ereader?

Kindle paperwhite. One with ads is fine.
by Iorek
Mon Oct 08, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: FERS contribution
Replies: 1
Views: 304

Re: FERS contribution

Your FERS contribution is set by law, but Congress helpfully increased it substantially in the last 5 years or so. Note that FERS is your defined benefit pension. Your defined contribution retirement plan (like a 401(k)) is called TSP-- thrift savings plans. The max there is the usual $18k/ year, bu...
by Iorek
Mon Oct 08, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: LTHC Insurance ??
Replies: 10
Views: 833

Re: LTHC Insurance ??

I looked at this 5-10 years ago for a relative who has a small nest egg and small pension. She ended up buying a policy in her early 60s because she felt with smallish retirement savings she'd prefer to have some insurance. She has already had one or two big rates increases (she bought after the ini...
by Iorek
Mon Oct 08, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: LTHC Insurance ??
Replies: 10
Views: 833

Re: LTHC Insurance ??

There are lots and lots of threads on this. Try searching "LTC" or "LTCI" (or spelling it out).

In the meantime here is one thread from 2018--

viewtopic.php?t=242143
by Iorek
Mon Oct 01, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: Airline shortened layover
Replies: 17
Views: 1396

Re: Airline shortened layover

My instinct is that KEF is a fairly small airport and if you are on Icelandair the whole way they will take care of you (possibly even hold the outgoing plane). That said I agree that you could ask the same question over on flyertalk's icelandair forum and probably get more informed feedback.
by Iorek
Fri Sep 28, 2018 10:30 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 330
Views: 47481

Re: Good Modern Science Fiction

For Stephenson fans, I definitely recommend Reamde -- to me it's much more akin to Cryptonomicon (which I read and liked) than Anathem (which I didn't). A friend said it was the first 1000 page book that she thought could easily have been longer. It is odd sometimes when you read those books years a...
by Iorek
Fri Sep 28, 2018 2:27 pm
Forum: Personal Consumer Issues
Topic: Counterfeits benefit Amazon
Replies: 14
Views: 1474

Re: Counterfeits benefit Amazon

I think this is Amazon’s largest long-term risk at this point. A growing number of consumers (including myself) are growing wary of Amazon because we can’t trust what we are getting from them. I’ve heard the same concern echoed among friends and coworkers. That may be good for numbers in the short ...
by Iorek
Fri Sep 28, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 361
Views: 38796

Re: Northwest FCU 3-year 3.04% Add-On CD

Not sure it warranted a new thread, but I noticed NWFCU has a 7 month CD at 2.5% if you deposit $100k.

Will also be interesting to see what 6 month treasuries go for after the Fed announcement.
by Iorek
Fri Sep 28, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'
Replies: 74
Views: 8095

Re: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'

This article also seems to say small caps do not outperform. "...Siegel compared the situation to the 1990s, when small stocks were believed to outperform in the long term. After further investigation, he found that the small stock premiums from 1929 to the 1990s were mainly due to a 9-year period ...
by Iorek
Thu Sep 27, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: solar panels with payback of 8-10 years?
Replies: 24
Views: 2311

Re: solar panels with payback of 8-10 years?

I was reading one of the state guides to solar energy and they were pointing out that if you are installing panels in part because you want to increase use of solar and/or run your house on solar energy then you should consider keeping your RECs. Obviously the electricity is being generated and put...
by Iorek
Thu Sep 27, 2018 7:00 am
Forum: Personal Consumer Issues
Topic: solar panels with payback of 8-10 years?
Replies: 24
Views: 2311

Re: solar panels with payback of 8-10 years?

I was reading one of the state guides to solar energy and they were pointing out that if you are installing panels in part because you want to increase use of solar and/or run your house on solar energy then you should consider keeping your RECs. Obviously the electricity is being generated and put ...
by Iorek
Wed Sep 26, 2018 10:21 pm
Forum: Personal Consumer Issues
Topic: solar panels with payback of 8-10 years?
Replies: 24
Views: 2311

Re: solar panels with payback of 8-10 years?

Thanks. We do have simple electric rates and a form of net metering, where you can get a full retail credit for the next month, and then any cumulative annual excess as of April is paid at the wholesale rate. My expectation is that we won't have a cumulative annual excess under that system (and I t...
by Iorek
Wed Sep 26, 2018 7:29 pm
Forum: Personal Consumer Issues
Topic: solar panels with payback of 8-10 years?
Replies: 24
Views: 2311

Re: solar panels with payback of 8-10 years?

Thanks. We do have simple electric rates and a form of net metering, where you can get a full retail credit for the next month, and then any cumulative annual excess as of April is paid at the wholesale rate. My expectation is that we won't have a cumulative annual excess under that system (and I tr...
by Iorek
Tue Sep 25, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: solar panels with payback of 8-10 years?
Replies: 24
Views: 2311

Re: solar panels with payback of 8-10 years?

Thanks. The Missoula calculator was helpful. There's also a Colorado State one that was ok, and then some others that weren't. Seems like it makes financial sense even when I try to be conservative about my assumptions.
by Iorek
Tue Sep 25, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: solar panels with payback of 8-10 years?
Replies: 24
Views: 2311

solar panels with payback of 8-10 years?

Hi, We are considering installation of solar panels on our house and it looks like the expected payback is about 8-10 years. I feel like that's the range where it's reasonable to go in either direction so I thought I'd get some perspective from others who maybe have thought about it or have advice f...
by Iorek
Mon Sep 24, 2018 9:40 pm
Forum: Investing - Theory, News & General
Topic: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'
Replies: 74
Views: 8095

Re: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'

Interesting article on Siegel and Shiller that I thought I’d share here: http://knowledge.wharton.upenn.edu/article/siegel-shiller-stock-market/ Siegel: - The CAPE ratio might be permanently higher due to indexing lowering costs for investors (an interesting argument that I had not heard of before)...
by Iorek
Mon Sep 24, 2018 6:43 am
Forum: Investing - Theory, News & General
Topic: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'
Replies: 74
Views: 8095

Re: Siegel: 'stocks are overvalued on a long-term basis, but bonds are enormously overvalued on a long-term basis'

- The CAPE ratio might be permanently higher due to indexing lowering costs for investors (an interesting argument that I had not heard of before) Does anybody have more information related to this point? I also have never heard of it before. I tried to search the web and found nothing. A counterpo...
by Iorek
Wed Sep 19, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: TSP to Increase Stock Holdings in L Funds
Replies: 49
Views: 2869

Re: TSP to Increase Stock Holdings in L Funds

In addition to what has been said above, I think fundamentally TSP needs to wrestle with the question of whether/how much they expect people to annuitize their accounts at retirement because I think will significantly affect the decision about appropriate glide paths. The amount of risk you want to ...
by Iorek
Tue Sep 18, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 361
Views: 38796

Re: Northwest FCU 3-year 3.04% Add-On CD

I'm going to miss this account. What I liked best was the "add-on" feature. I didn't have as much as some in my CD but every random check I got was deposited by app to this account to earn 3% interest.
by Iorek
Tue Sep 18, 2018 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust vs. Will with Kids Trust
Replies: 5
Views: 594

Re: Revocable Living Trust vs. Will with Kids Trust

I think living trusts are a pain and overrated for most estate planning purposes.
by Iorek
Sun Sep 16, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5512

Re: 38% pay cut for dream job?

What makes someone a "spy" is the fact that they are covert. Representing US interests publicly and networking among different groups is not what makes someone a spy.
by Iorek
Sat Sep 15, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5512

Re: 38% pay cut for dream job?

This does seem like a no brainer to take the job-- it might be harder if the alternative was a stable job you liked less or your spouse wasn't up for it or something. I guess a couple things you could think about is if the job's reality will match your expectations-- you might see if you can find an...
by Iorek
Sat Sep 08, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: Cell phone tip: block callers
Replies: 50
Views: 7016

Re: Cell phone tip: block callers

FYI, Tmobile will occassionally flag incoming calls as "likely spam" and then there is an option to block those calls.

I have fairly unusual exchange on my home and cell and I never answer a call using that exchange.
by Iorek
Fri Sep 07, 2018 5:23 am
Forum: Investing - Theory, News & General
Topic: Mutual Fund Fee Wars Will Encourage Bad Behavior
Replies: 26
Views: 2700

Re: Mutual Fund Fee Wars Will Encourage Bad Behavior

"But fees on investment products can actually be good. Sometimes, such as with high commissions on stock trades, the sales loads ensure that investors are much less likely to churn their funds if they have to pay 200 to 500 basis points each time they want to get in or out." That's kind of like say...
by Iorek
Mon Sep 03, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Donor advised fund
Replies: 21
Views: 720

Re: Donor advised fund

Sure, fair point. I'm happy to dump it all in the DAF and save myself the bookkeeping, but there are plenty of reasons to do it the other way too. That reminds me that not having to track charitable contributions during the year is one of best things about it for me. Instead I just use the app to a...
by Iorek
Mon Sep 03, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Donor advised fund
Replies: 21
Views: 720

Re: Donor advised fund

Tax free growth isn't entirely trivial either - it shields you from taxable distributions, which is especially helpful for bond funds. But couldn't you just contribute those distributions and deduct them? I guess they'd be below the line which might matter to some people but in general I am not see...
by Iorek
Mon Sep 03, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Donor advised fund
Replies: 21
Views: 720

Re: Donor advised fund

I also like giving anonymously.

Note that DAF funds (at least at Schwab) can't be used if you are getting anything in return-- so for example, you can't buy a ticket to a local charity fundraiser, or make a pledge which is later funded by the DAF.
by Iorek
Mon Sep 03, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Donor advised fund
Replies: 21
Views: 720

Re: Donor advised fund

If you donate appreciated assets you usually get a tax deduction for the full value, even if you were not ever taxed on the appreciated value (and of course if you were taxed on the income you could also take it as a deduction) so I am not entirely sure the tax-free growth is that strong an argument...
by Iorek
Mon Sep 03, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis - Mortgage, Emergency Fund, etc.
Replies: 51
Views: 4412

Re: Analysis Paralysis - Mortgage, Emergency Fund, etc.

One thing I learned on BH is if you are suffering analysis paralysis then often a reasonable approach is to split the difference. We are fairly risk-averse in our investments (my user name is a fictional bear) and early on when we had extra money outside of retirement savings we put it in i-bonds. I...
by Iorek
Mon Sep 03, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Don't Look and Have A Doctor Waiting When You DO
Replies: 35
Views: 5853

Re: Don't Look and Have A Doctor Waiting When You DO

For what it's worth I only check balances once a year, and even then I am not really auditing the account but just checking if we are on track. I got into that habit partly to save time-- we used to have accounts at 4 or 5 different custodians-- and partly to save my sanity/avoid making mistakes, e...
by Iorek
Mon Sep 03, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: 1st time dad, OK to use willmaker software?
Replies: 37
Views: 3376

Re: 1st time dad, OK to use willmaker software?

I just want to reiterate that it's not an either/or situation. When our child was born we did a will using willmaker plus because that's all we had time/energy for. Fortunately it was not tested but I think it was a perfectly fine will (I later compared it to a simple will a friend got from a lawyer...