Search found 557 matches

by gclancer
Wed Dec 12, 2018 11:26 am
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 17
Views: 1376

Re: My PenFed 5 yr CDs are maturing

I'm not sure I can see the advantage of establishing a ladder right now. With a flat or inverted yield curve, it seems as if there is little return reward for going out to 5 years (as an example). Also, I can't imagine many scenarios where rates will be lower this time next year. Fair enough. Assum...
by gclancer
Wed Dec 12, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 17
Views: 1376

Re: My PenFed 5 yr CDs are maturing

I prefer having my CDs mature at staggered dates, aka a CD ladder. That way, they all do not mature at a time when the rates are low, and if rates increase, I will not have to wait a long time to take advantage of the increase. The price for this "insurance" is a lower yield on the shorter CDs you ...
by gclancer
Mon Dec 10, 2018 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Employer's Response: 401K Choices
Replies: 26
Views: 1956

Re: EMPLOYER'S RESPONSE: 401K Choices

Looks like Great-West Lifetime is the best? They should have gone with that! I’d say that response is way more thoughtful than 99.9% of the companies in the world would offer, you should thank them for their thoughtful response and move on. Perhaps mention that you have a personal interest in invest...
by gclancer
Sun Dec 09, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k Advice
Replies: 17
Views: 745

Re: Solo 401k Advice

southerndoc wrote:
Sun Dec 09, 2018 9:17 pm
I'm confused. Why are 2 EIN's needed for a Solo 401k?
One for the solo 401(k) and one for the underlying business (which may already have one, but in the case of a sole proprietor who may otherwise be using their social security number they have to get an EIN for their business as well).
by gclancer
Sun Dec 09, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k Advice
Replies: 17
Views: 745

Re: Solo 401k Advice

I have a solo 401(k). There is essentially no paperwork, so I could not understand how a SEP could be easier because of paperwork. ;) Well you need an EIN for both the solo 401(k) and your business in order to establish a solo 401(k) so I would say it’s fair to categorize a SEP as easier. That said...
by gclancer
Sun Dec 09, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: GEHA HSA investment thru Fidelity
Replies: 6
Views: 584

Re: GEHA HSA investment thru Fidelity

Does anyone happen to know if we can directly send money thru MyPay to Fidelity HSA using payroll deduction or all money has to go to HSA bank then to Fidelity? Thanks! Yes. Just get the routing number and account number from Fidelity for your HSA there and update your HSA deposit account details t...
by gclancer
Sat Dec 08, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Savings Plan for a Sole Proprietor - Backdoor SEP?
Replies: 11
Views: 654

Re: Savings Plan for a Sole Proprietor - Backdoor SEP?

I would do further research on opening an Individual 401(k) at Fidelity, which is what I would do if I were you. One more question: is a Megabackdoor Roth an option that is available to me and, if so, does that change the recommendation? Making Megabackdoor Roth an option is a bit more involved but...
by gclancer
Fri Dec 07, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Savings Plan for a Sole Proprietor - Backdoor SEP?
Replies: 11
Views: 654

Re: Savings Plan for a Sole Proprietor - Backdoor SEP?

I would do further research on opening an Individual 401(k) at Fidelity, which is what I would do if I were you.
by gclancer
Fri Dec 07, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree aka my Dad
Replies: 4
Views: 882

Re: Retiree aka my Dad

How old is your dad? In my opinion, only holding 15% in bonds is too aggressive. All of these investments are in an IRA, correct? If so, I would do an in-kind, trustee-to-trustee transfer to your custodian of choice (Vanguard or Fidelity are both fine). They should give you enough free trades to liq...
by gclancer
Sat Dec 01, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Questions About Making a Hobby Into a Business
Replies: 26
Views: 2100

Re: Questions About Making a Hobby Into a Business

Check with your insurance agent. Your homeowners insurance is not sufficient. You need coverage for your business. If you are operating at a large scale, with significant inventory, and your home catches fire, you may not be covered for losses. If a delivery person is injured while delivering inven...
by gclancer
Sat Dec 01, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Questions About Making a Hobby Into a Business
Replies: 26
Views: 2100

Re: Questions About Making a Hobby Into a Business

What are you trying to accomplish by forming a business entity?
by gclancer
Fri Nov 30, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Ally CC Offer
Replies: 35
Views: 3413

Re: Ally CC Offer

Especially when you consider things like the low price guarantee. It’s not what it used to be (https://www.doctorofcredit.com/citi-makes-significant-negative-changes-to-citi-price-rewind-benefit-price-protection/) but Citi is the only major card issuer still offering price protection so I suppose y...
by gclancer
Thu Nov 29, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Advice On Job Offer
Replies: 12
Views: 1243

Re: Advice On Job Offer

I am very financially secure at the age of 26. I have 6mo+ EF. I also recently inherited a large sum of money from the passing of my father this past year. I am looking for career growth first and foremost. I know NOTHING about your line of work, however, doesn’t this job (and DFW) offer career gro...
by gclancer
Tue Nov 27, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: GE - a good value?
Replies: 118
Views: 13163

Re: GE - a good value?

Bacchus01 wrote:
Wed Jan 17, 2018 1:42 pm
Pajamas wrote:
Wed Jan 17, 2018 9:15 am
Bacchus01 wrote:
Wed Jan 17, 2018 9:11 am

Absolutely false. This is a falling knife.
You claim to know the future with absolute certainty? :oops:
Actually, with pretty high certainty just short of absolute. Yes.
Any stock tips for 2019, Bacchus01? I assume you’re not bullish on GE even at today’s close of $7.44?
by gclancer
Tue Nov 27, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to invest in ROTH IRA before maxing our 401K?
Replies: 51
Views: 3875

Re: Does it ever make sense to invest in ROTH IRA before maxing our 401K?

Does it make sense for YOU to invest in a Roth before maxing your 401(k)? No. Does it EVER? Yes.
by gclancer
Mon Nov 26, 2018 4:12 pm
Forum: Personal Consumer Issues
Topic: Facebook follow question
Replies: 6
Views: 540

Re: Facebook follow question

Have her check her privacy settings and set them all to the most restrictive possible. She could also make a fake profile to follow the class with.
by gclancer
Sun Nov 25, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: 457--iShares S&P500 (.36) or Vanguard Mid Cap (.05)
Replies: 9
Views: 480

Re: 457--iShares S&P500 (.36) or Vanguard Mid Cap (.05)

whodidntante wrote:
Sun Nov 25, 2018 6:03 pm
vineviz wrote:
Sun Nov 25, 2018 5:40 pm
I’d use the MidCap fund.
+1
+2
by gclancer
Sun Nov 25, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: It is time for a Retirement Plan
Replies: 8
Views: 982

Re: It is time for a Retirement Plan

At 67, your SS benefits would kick in and along with the pension, they would cover all your expenses. $1 million sure can cover 7 years of $36k shortfall a year. If the $96k a year is after tax expenses, then you would need approx. $115k before tax, leaving you a shortfall of $55k a year for 7 year...
by gclancer
Wed Nov 21, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 109
Views: 17140

Re: Don't pay full price for SiriusXM radio

My renewal for SiriusXM is the first week of the new year. They want $299.99 for the coming year. I will be canceling if they don't reduce that amount. I like SiriusXM, but not that much. Call and ask and they’ll give you 12 months for $6 per month ($7.63 after various taxes/fees). They won’t even ...
by gclancer
Wed Nov 21, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Index fund vs ETF for taxable account
Replies: 5
Views: 481

Re: Index fund vs ETF for taxable account

Mutual Funds in retirement accounts (makes it easier to keep every last dollar invested) and ETFs in taxable. You may want to turn off auto reinvestment of capital gains/dividends on all accounts to prevent the possibility of wash sales in the amount of reinvested dividends in the event you end up t...
by gclancer
Wed Nov 21, 2018 9:34 am
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 109
Views: 17140

Re: Don't pay full price for SiriusXM radio

teacher wrote:
Wed Nov 21, 2018 9:30 am
Very good advice on this thread, BUT how does one find out when the renewal date is? I have had Sirius XM radio for years and have no clue what the initial subscription date was.
Set up an online account for yourself and you’ll find it in your profile.
by gclancer
Mon Nov 19, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k worth it, if I can only put $3200 a year in it?
Replies: 18
Views: 1178

Re: solo 401k worth it, if I can only put $3200 a year in it?

As an alternative to a solo 401k, you can open a SEP-IRA. The employer contribution has the same 20% limit. Your employee limit is already maxed out at your W-2 job, so the solo 401k doesn’t help you there unless you would like to reduce your contributions to your w2 plan in order increase them in ...
by gclancer
Sat Nov 17, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Perform 12% Roth conversions or realize 0% long term capital gains during low income years???
Replies: 19
Views: 2062

Re: Perform 12% Roth conversions or realize 0% long term capital gains during low income years???

I would do the Roth conversions, and here’s why. If you’re aggressively contributing to your taxable account going forward, you’ll eventually hit a point in time where you’re tax loss harvesting which will also allow you to do corresponding tax gain harvesting. On the contrary, your ordinary income ...
by gclancer
Thu Nov 15, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds Swap
Replies: 2
Views: 283

Re: I Bonds Swap

I bought I bonds in late November of last year. Would it make sense to sell them now and swap them for new I bonds in a week or two, given how much rates have increased? If you’re not running up against the annual purchase limit and don’t need the money in the next year then yes, you should probabl...
by gclancer
Thu Nov 15, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: Treating I-Bonds as Long-term Bond Holdings
Replies: 30
Views: 4646

Re: Treating I-Bonds as Long-term Bond Holdings

Perhaps it makes sense for me to wait till March to see what the new rate is going to be before buying in? I would say it always makes sense to wait, assuming you’re holding I Bonds long term, the information advantage of waiting far outweighs the lost return for the two months interest you end up ...
by gclancer
Tue Nov 13, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 49
Views: 5099

Re: Is maxing out Tax defered 401(k) enough?

bloom2708 wrote:
Mon Nov 12, 2018 2:03 pm
Strive to fill your pre-tax 401ks, 2 Roth IRAs and HSA each year. Front or back door Roth.
+1 On $250k of income in a MCOL city you should be able to do this. This should be your goal for the time being, once you hit it, reassess and decide what’s next.
by gclancer
Sat Nov 10, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: High/many credit card balances (0%APR) - effect on credit rating, getting more cards.
Replies: 11
Views: 806

Re: High/many credit card balances (0%APR) - effect on credit rating, getting more cards.

I'm not really worried about the score itself, just the consequences such as being denied future cards or other adverse action. YMMV but I had massive balances on 0% cards that I’d been carrying for years, unexpectedly needed a new mortgage, paid off all balances two days before statements closed, ...
by gclancer
Wed Nov 07, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle 401k or taxable?
Replies: 27
Views: 1679

Re: Side Hustle 401k or taxable?

Spirit Rider wrote:
Wed Nov 07, 2018 1:16 pm
You could adopt a prototype SEP IRA at Schwab, make your employer contributions to their SEP IRA and do a Roth conversion
This is what I plan to do. Glad this thread is going so I can make sure I’m not missing anything.
by gclancer
Wed Nov 07, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with windfall
Replies: 34
Views: 2707

Re: What to do with windfall

In the case as you described, I can see funding her Roth as a way of honoring her benefactor, yet still being available for real emergencies (contribution only). That would delay the loan pay-off a bit, so it is more emotional than practical. Check into that HSA debt payoff. +1 your efund is alread...
by gclancer
Tue Nov 06, 2018 10:00 pm
Forum: Investing - Theory, News & General
Topic: Exceed Treasury Direct purchase limit? Answer inside!
Replies: 11
Views: 1237

Re: Exceed Treasury Direct purchase limit? Answer inside!

This has been covered elsewhere. They’ll let you keep the $100 overage invested. Haven’t seen datapoints on how far over the limits they’ll let you go while allowing the transaction to stand.
by gclancer
Tue Nov 06, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with windfall
Replies: 34
Views: 2707

Re: What to do with windfall

The HSA is from that time, but the 2k in it is much more recent. I don't think I can put that toward those expenses since they were incurred before the funds were deposited? As long as the expense occurred after the account opened then you can use them. It doesn’t matter when the money is deposited...
by gclancer
Tue Nov 06, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking lot loan to build house
Replies: 19
Views: 1355

Re: Seeking lot loan to build house

Boo to the harsh naysayers Posters on Bogleheads are WAY too conservative. That said, owning a $600k+ house on $120k income is relatively aggressive. Adding a $200k lot on top is a BAD idea. If OP sold his primary residence to purchase the lot outright that would still be a bad idea, but less bad t...
by gclancer
Tue Nov 06, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with windfall
Replies: 34
Views: 2707

Re: What to do with windfall

Congrats on the windfall. I think I'd allocate the money as follows: $6000 - Roth IRA contribution (you) $6000 - Roth IRA contribution (spouse) $6900 - HSA contribution $11,000 - pay off 6.35% student loan $10,000 - pay off 5.75% student loan $3,500 - pay off 5.65% student loan $6600 remaining - ta...
by gclancer
Tue Nov 06, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: FEHB HDHP options for Federal Employees
Replies: 28
Views: 2487

Re: FEHB HDHP options for Federal Employees

Sounds to me like you plan to underinsure your little family to save a few bucks. You make it sound as if underinsuring = not receiving needed care. If OP has $10k to his name that would likly be sufficient to cover the annual catastrophic limit under all FEHB HDHP plans I’m aware of. After 2 years...
by gclancer
Tue Nov 06, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: high deductible vs. PPO calculation--high deductible always wins?
Replies: 35
Views: 3114

Re: high deductible vs. PPO calculation--high deductible always wins?

The actuaries who do the math aren’t stupid. The prices are based on the insurance company’s actual risk. +1 Actuaries work for the insurance company and don’t take into account incentives the federal government may offer to individuals to opt for a HDHP with HSA over a PPO. If someone will contrib...
by gclancer
Mon Nov 05, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: 1,000,000+ by 29
Replies: 23
Views: 4675

Re: 1,000,000+ by 29

sfchris wrote:
Mon Nov 05, 2018 4:49 pm
When managing rental real estate don't you need a decent cash buffer to deal with unexpected cost?
Perhaps start a 4 week treasury ladder to maximize the yield on your spare cash while keeping it highly liquid.

https://www.mymoneyblog.com/how-to-buil ... guide.html
by gclancer
Sun Nov 04, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: Social Security Max Taxable Earnings
Replies: 12
Views: 1764

Re: Social Security Max Taxable Earnings

I have no idea what most of these numbers mean, and it's time I admit that. Is this something I should be concerned with (mid-30s), other than it explains why my take-home increases a little bit at the end of the year? Given the rules are likely to change at some point you probably shouldn’t be ove...
by gclancer
Fri Nov 02, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I buy I-bonds with my Vanguard brokerage account?
Replies: 3
Views: 941

Re: Can I buy I-bonds with my Vanguard brokerage account?

indexfundfan wrote:
Fri Nov 02, 2018 11:24 am
No. Only from Treasury Direct or the paper I-bonds using the tax refund method.
+1
by gclancer
Fri Nov 02, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: RE Newbie: Buying Family Owned Home
Replies: 14
Views: 1073

Re: RE Newbie: Buying Family Owned Home

Find a local title insurance company and do the transaction through them. You should get an owners title insurance policy anyway, and with that the title company will take care of all the details.
by gclancer
Fri Nov 02, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Term life insurance question
Replies: 4
Views: 326

Re: Term life insurance question

I will check with Costco. Costco’s policy is a “Universal Life” policy but for all intents and purposes it’s term. They only offer 10 and 20 year policies, and at the term end you can either pay the same premium for a reduced policy amount or keep the policy amount and pay higher premiums. The firs...
by gclancer
Fri Nov 02, 2018 1:09 pm
Forum: Personal Consumer Issues
Topic: Term life insurance question
Replies: 4
Views: 326

Re: Term life insurance question

The traditional approach is getting two policies one for 15 years and the other for 10 (as you suggested in your original post). Use term4sale.com to get price quotes on that approach and compare it to the one policy solution. You could also look in to Costco’s life insurance which has a similar fea...
by gclancer
Thu Nov 01, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Federal Employees Dental and Vision Insurance Program (FEDVIP) dental coverage
Replies: 14
Views: 1361

Re: Federal Employees Dental and Vision Insurance Program (FEDVIP) dental coverage

TSR wrote:
Thu Nov 01, 2018 4:27 pm
wanted to make sure you were aware that the GEHA HDHP medical plan
OP is on Tricare so this isn’t an option. However, for run of the mill feds this is an important fact to note (absent specific health needs that you’re trying to cater to, GEHA HDHP is far and away the best coverage available).
by gclancer
Thu Nov 01, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: First Major Medical Expenses under HDHP
Replies: 31
Views: 3125

Re: First Major Medical Expenses under HDHP

Alright, so I went to the hospital, came home. I've only gotten the one bill in writing so far, which is from an umbrella organization that no doubt manages the department I went to, billing me for what my insurance didn't cover. When you say "negotiate with the provider" am I speaking with my insu...
by gclancer
Wed Oct 31, 2018 4:41 pm
Forum: Personal Consumer Issues
Topic: Am I Risking My Life to Sell My Car?
Replies: 37
Views: 4700

Re: Am I Risking My Life to Sell My Car?

Messner8000 wrote:
Wed Oct 31, 2018 4:38 pm
I don't know how to change a car tire :(
Neither do I. I am at peace with various incompetency taxes I am forced to pay. This is one of them and I’ve paid it before.
by gclancer
Tue Oct 30, 2018 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: First Major Medical Expenses under HDHP
Replies: 31
Views: 3125

Re: First Major Medical Expenses under HDHP

Just because you have $5000 bill, doesn't mean you have to pay it all at once, or pay any late interest. If one big bill, call the provider, and see if you can pay off in 12 months with no interest. They'll probably take you up on the offer (and be thrilled). If there are a mix of bills, tackle the...
by gclancer
Tue Oct 30, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Long Delayed Tax Return
Replies: 4
Views: 422

Re: Long Delayed Tax Return

Contact your local tax payer advocate. They’re a lot more helpful than you would think.
by gclancer
Tue Oct 30, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: USPS - Informed delivery - complain on missing items?
Replies: 53
Views: 3319

Re: USPS - Informed delivery - complain on missing items?

Has anything ever come of it? I clicked the report missing mail link once but never got any follow-up. No, never heard back. I think it even says on the complaint page to not expect a reply. I had a loved one buy one of those $50 prepaid cards with a $3.95 fee :oops: and mail it to me. Showed up on...
by gclancer
Tue Oct 30, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Question re: HSA for federal employees and FSA carryover
Replies: 15
Views: 907

Re: Question re: HSA for federal employees and FSA carryover

I have GEHA for dental and have liked it so far. Certainly the terms of the coverage seem reasonable GEHA HDHP includes preventative dental care (2 cleanings per year + standard x-rays). It also gives you the insurance adjusted cost on any other dental work (but you pay 100% of the insurance adjust...
by gclancer
Sun Oct 28, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Honda Odyssey which trim level
Replies: 9
Views: 1033

Re: Honda Odyssey which trim level

EX-L is the boglehead recommendation. I went with the EX-L N/R and would highly recommend it. Honestly don’t think Touring is worth it, but to each their own.
by gclancer
Sun Oct 28, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend's Student Loans
Replies: 101
Views: 9355

Re: Girlfriend's Student Loans

DO NOT just get it forgiven. I don't to pay for your mistakes. That is poor financial advice. If you’re eligible for PLSF the financially prudent thing to do is (most likely) to pursue it. There are situations where it might make sense not to, but the program being unpopular amongst some people isn...