Search found 378 matches

by EddyB
Sat Jan 13, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 6604

Re: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?

If you have a decent amount of family support, including financial, to fall back on, it sounds great; personally I’d go with the newer Global Wellesley fund, or just pick an allocation among three or four index funds and live with it.
by EddyB
Tue Jan 09, 2018 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Did I need a lawyer after an accident?
Replies: 29
Views: 2610

Re: Did I need a lawyer after an accident?

Maybe I'm naive but in accident situations like this don't people who are injured just use their own insurance coverage so the bills get paid and then the insurance companies fight each other out to recover from the responsible driver? What am I missing? Or does one or more of the injured parties l...
by EddyB
Tue Jan 09, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 126
Views: 20716

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

I will never pay extra to pay off my 15 years fixed mortgage at 2.5%. I think I can do better than 2.5% with my investment. It's financially unwise to pay it off, in my humble opinion, given the opportunity cost. There, I said it. It’s financially unwise to play arbitrage with interest rates and sw...
by EddyB
Tue Jan 09, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 126
Views: 20716

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

protagonist wrote:
Thu Jun 09, 2016 8:29 pm
The best reason I can think of is that it feels so good . Regardless of whether or not you are "rich".

IMHO, that is worth its weight in gold.
The past five years' returns on the $417k I could have, but did not, put toward my current house also feel pretty good.
by EddyB
Wed Jan 03, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Shares of UTMA Account
Replies: 29
Views: 1143

Re: Selling Shares of UTMA Account

Or the custodians could fail to the point that the UTMA portfolio grows so well and are throwing off enough unearned income that college and all expenses are totally paid for, and the kids end up with no debt as well as a nice portfolio of their own to launch into their careers and life. :mrgreen: ...
by EddyB
Tue Jan 02, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 1989

Re: How to Get Money Out of One's Investments for a Early Retiree

A Roth conversion ladder offers so many benefits over 72t I honestly have no clue why you would do 72t. The flexibility of a Roth conversion ladder alone and the fact that you’re not locked in the way you are on a 72t is enough to make it a far superior strategy. You’re right; the OP has enough in ...
by EddyB
Tue Jan 02, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 1989

Re: How to Get Money Out of One's Investments for a Early Retiree

The OP is likely a good candidate to do a series of partial Roth conversions at zero tax, if his income is entirely from the portfolio. Being married they could convert $24,000 minus interest and short term gains tax free. Might want to consider using the 10% bracket as well. This still leaves some...
by EddyB
Mon Jan 01, 2018 3:54 pm
Forum: Investing - Theory, News & General
Topic: Why Buy Bonds If You Have A Mortgage?
Replies: 187
Views: 17349

Re: Why Buy Bonds If You Have A Mortgage?

How long is your mortgage term? Is it a fixed rate? Are you convinced that prepaying is still going to be advantageous vs. bond rates later in the term of your mortgage?
by EddyB
Mon Jan 01, 2018 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage due to new tax law
Replies: 39
Views: 5139

Re: Pay off mortgage due to new tax law

I have no mortgage, so I really don't have a dog in this fight..... However..... I thought interest paid on home loans (those that may be purchased are below 750k costs) was separate from SALT (State and Local Tax deductions) For instance, if one purchased a home for $1,000,000 only the interest on...
by EddyB
Sun Dec 31, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5787

Re: What is your threshold for paying down debt?

Lack of debt gives me options; It's not fear or any other thing you imply.... +1 The use of debt also gives one options. I feel very differently about debt like a low, fixed-rate mortgage than I do about variable debt, credit-card debt, etc. I think dealing with “debt” categorically is likely to le...
by EddyB
Thu Dec 28, 2017 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2470

Re: General question on college savings

<< Why do you feel that a 529 may not be the best option for me? I value your input and would love to understand your thoughts.>> 4) It is too little amount to matter. But, it is big enough to cause financial aid problem. Worst of both worlds. KlangFool How do you see it causing financial aid probl...
by EddyB
Thu Dec 28, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2470

Re: General question on college savings

<< Why do you feel that a 529 may not be the best option for me? I value your input and would love to understand your thoughts.>> 4) It is too little amount to matter. But, it is big enough to cause financial aid problem. Worst of both worlds. KlangFool How do you see it causing financial aid probl...
by EddyB
Thu Dec 28, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10884

Re: Another should i buy my dream porsche thread...

I work from home, and much of my (limited) driving is with my kids and wife, so although I see some appeal in a nice car, my circumstances mean it would not be used much. A nice thing about that is that it removes nearly all appeal it may have. If I were in the OP’s circumstances, whether I could ma...
by EddyB
Sun Dec 24, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: 1st, your education. Then...Location, Location, Location
Replies: 66
Views: 8547

Re: 1st, your education. Then...Location, Location, Location

It is impressive to see the number of young people on this board. It's all a journey, even for those like me who are recently retired, but I like the fact that those in the early stages have a real sense for where they're headed and are interested in actively planning to get there. I wonder if the ...
by EddyB
Sun Dec 24, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 77
Views: 7281

Re: Are Roth IRAs overrated?

No. Roth IRAs are always better than taxable accounts or traditional non-deductible IRAs, and that is the alternative for us (and for many folks). There is a situation in which a Roth IRA is worse than a taxable account. Namely, if you have losses in the Roth and capital gains in other assets. Loss...
by EddyB
Sat Dec 23, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 77
Views: 7281

Re: Are Roth IRAs overrated?

I read something yesterday (https://gocurrycracker.com/roth-sucks/) that I hadn't thought through yet. Namely that the conventional wisdom on whether to do traditional or roth doesn't often clarify the fact that you need to think about what your effective tax rate will be in retirement, not your ma...
by EddyB
Sat Dec 23, 2017 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 260
Views: 20024

Re: Do you see a meaningful change in your income with new Tax Bill?

I find it interesting what members consider meaningful. There are multiple threads on how to save a few bucks on a tax program and complaints about paying $50 for a finance book, or how to read the WSJ free or on the cheap. But saving hundreds to thousands to tens of thousands of dollars on taxes i...
by EddyB
Fri Dec 22, 2017 9:57 pm
Forum: Personal Consumer Issues
Topic: Different ways to order coffee
Replies: 41
Views: 4055

Re: Different ways to order coffee

No. Dunkin Donut' s coffee is roasted lighter than Starbucks. It does not taste burnt. It has to do with the roasting. You can taste the difference even drinking it dark. KlangFool So Klang, why do so many people (including unsophisticated me) tend to prefer espresso over American coffee, and are w...
by EddyB
Thu Dec 21, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 156
Views: 17934

Re: TurboTax Prices

I won't buy a copy on a disk. I want an installation file that’s not dependent on still having a disk drive. So 6 yrs from now if I have to open a file for whatever reason I can install it on what will presumably be a different computer. It's valid for you but won't work for me. I still have a base...
by EddyB
Wed Dec 20, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48843

Re: Tax Act Omnibus Thread

betablocker wrote:
Wed Dec 20, 2017 1:20 pm
Prepay your mortgage but the bill explicitly forbids deducting a 2018 SALT payment against 2017
That prohibition only reaches to income taxes.
by EddyB
Wed Dec 20, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 156
Views: 17934

Re: TurboTax Prices

I won't buy a copy on a disk. I want an installation file that’s not dependent on still having a disk drive. So 6 yrs from now if I have to open a file for whatever reason I can install it on what will presumably be a different computer.
by EddyB
Mon Dec 18, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 5661

Re: Spending on myself, am I off base here?

I'm not going to judge whether or not a second $5000 pinball machine is a wise choice, but you admittedly make $260,000 a year and spend 78% of that on taxes/life. That suggests to me you have about a $11,000-$12,000/mo lifestyle depending on your tax situation. That's a lot of lifestyle and she ma...
by EddyB
Sun Dec 17, 2017 11:37 pm
Forum: Investing - Theory, News & General
Topic: Clever use of a "C" Corporation
Replies: 21
Views: 2827

Re: Clever use of a "C" Corporation

What you propose under (2) would likely subject you to the Investment Company Act of 1940: https://www.law.cornell.edu/uscode/text/15/80a-3. Please speak with an attorney. The above does constitute legal advice. You are assuming s/he’s going to co-own this C corp with more than 99 others? If you’re...
by EddyB
Sat Dec 16, 2017 6:25 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 23613

Re: 2nd million is easier!

BlackHat wrote:
Fri Dec 15, 2017 8:24 pm
Charlie Munger has said to focus on getting your first 100,000 grand and then everything else will come easier.

“100,000 grand” is one hundred thousand thousand, or one hundred million. I’m not going to focus on that, at least not in US dollars.
by EddyB
Fri Dec 15, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: The 9.1 billion shares mystery of Googles IPO
Replies: 10
Views: 1901

Re: The 9.1 billion shares mystery of Googles IPO

I don't understand the process that well, but have a not-too-OT question: when a company goes public with an IPO, is there an upper limit of how many shares it can ever issue? In other words, might the 9 bilion share number be a max limit for GOOG shares that will ever be generated? No. It's the li...
by EddyB
Mon Dec 11, 2017 12:58 pm
Forum: Personal Consumer Issues
Topic: Do girls wear Ninja Turtle character shoes
Replies: 54
Views: 2667

Re: Do girls wear Ninja Turtle character shoes

And it's only loosly correlated because of society's prevailing attitudes about what boys "should" be interested in and what girls "should" be interested in! Take away these preformed ideas and you would see greater distribution of interests for boys and girls! Parents have the right to raise their...
by EddyB
Mon Dec 11, 2017 12:07 pm
Forum: Personal Consumer Issues
Topic: Do girls wear Ninja Turtle character shoes
Replies: 54
Views: 2667

Re: Do girls wear Ninja Turtle character shoes

Correct..that is the issue...based on what you guys have said..i believe it should be fine as there should be nothing girly in the shoes for my son to wear.... Are you serious right now?! Absolutely anybody can wear absolutely whatever they like. I'm exercising superhuman restraint in not filling t...
by EddyB
Mon Dec 11, 2017 12:10 am
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 1642

Re: In-plan rollover of after-tax 401k contributions

Does your plan permit in-service distributions of pre-tax contributions? If it doesn’t, then what does your CPA think is going to be distributed? If your plan does permit in-service withdrawals of pre-tax contributions (which would be rare), does it also accept incoming rollovers (which is not so ra...
by EddyB
Sat Dec 09, 2017 12:38 pm
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 41
Views: 2771

Re: Espresso Machine suggestions?

Consider that you will also want (bordering on need) a better grinder than most people realize exists. When I use friends' single-boiler machines, I find them somewhat frustrating for making multiple steamed-mild drinks (I have a 20-amp dual-boiler machine). You might consider a used dual-boiler mac...
by EddyB
Fri Dec 08, 2017 8:19 pm
Forum: Investing - Theory, News & General
Topic: Pepsi moving from NYSE to NASDAQ
Replies: 5
Views: 696

Re: Pepsi moving from NYSE to NASDAQ

Here is a brief snippet about this: https://www.cnbc.com/2017/12/08/pepsi-will-switch-its-stock-exchange-listing-to-nasdaq-from-nyse.html What difference does it *really* make? Is any part of it some sort of prestige, preferring to be on one exchange vs another? RM Nasdaq listings are cheaper to ma...
by EddyB
Wed Dec 06, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 1642

Re: In-plan rollover of after-tax 401k contributions

SJR, I went thru the same process with my tax guy. Page 17 in publication 575 is what got me comfortable https://www.irs.gov/pub/irs-pdf/p575.pdf Key Excerpt: Defined contribution plan. A defined contribution plan is a plan in which you have an individual account. Your benefits are based only on th...
by EddyB
Sat Dec 02, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to exit muni bonds now?
Replies: 8
Views: 1108

Re: Any reason not to exit muni bonds now?

I am very curious what your current marginal tax rate is now and what you expect it to be. Obviously I’m not the OP, but this is one of those things where the directional changes aren’t generalizable. I’m in the 39.6% bracket now, but generally an AMT payer, so really 28%. I don’t yet understand ho...
by EddyB
Fri Dec 01, 2017 8:54 am
Forum: Investing - Theory, News & General
Topic: Is there any reason to invest in real estate?
Replies: 98
Views: 7944

Re: Is there any reason to invest in real estate?

If you know that for a fact, you may want to read these links. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions https://www.law.cornell.edu/uscode/text/26/4975 (See paragraph (c)(1)(c)) https://www.irs.gov/compliance/whistleblower-informant-aw...
by EddyB
Thu Nov 30, 2017 7:27 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason to invest in real estate?
Replies: 98
Views: 7944

Re: Is there any reason to invest in real estate?

The big advantage of RE is that I can put sweat equity into rental properties. There is a guy in my town who continuously buys foreclosures in his self-directed Roth IRA, fixes them up, and flips them. That sweat equity is essentially a stealth way to contribute more to his Roth. If you know that f...
by EddyB
Fri Nov 24, 2017 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 24
Views: 1284

Re: Should I Pay Off My Mortgage When I Retire?

My existing mortgage will be paid off before I retire under its normal schedule, but if I could get another loan on the same terms as my current one (15 year loan at the conforming limit, at 2.75% and no points), I would refinance a year or two before planned retirement and invest the cash.
by EddyB
Wed Nov 22, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: LED Lightbulbs - Recommended Brands
Replies: 48
Views: 3027

Re: LED Lightbulbs - Recommended Brands

I replaced all of the bulbs in our house with Philips brand LED between 3-5 years ago. Not a single failure yet. That has been my experience with Philips bulbs (in Europe). I put more than 2 dozen Philips A15 in several ceiling fans and vanities last year. While none have stopped working altogether...
by EddyB
Sat Nov 18, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 93
Views: 8996

Re: Should I decline Grand Prize trip because of taxes on winnings?

I think you made the right decision. As a very high income earners what is $4k for a once in a lifetime experience? Enjoy! I don’t really understand this logic. I hope the OP enjoys the trip, but that something is a once in a lifetime experience doesn’t seem to me to be the end of the question. I a...
by EddyB
Sat Nov 18, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: Marijuana stocks
Replies: 11
Views: 1378

Re: Marijuana stocks

Hey guys, as I try to take an "educated guess" as to where the future is going, marijuana stocks seem to catch my interest. Numerous states are legalizing it and its only a matter of time before it is completely legal (which I think it should be although I dont do it). What are you thought on futur...
by EddyB
Tue Nov 14, 2017 6:33 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7204

Re: Tipping in living wage state. Redux.

What does tipping have to do with the wages? I am not tipping because I am responsible for the waiter's wages, I am tipping because it is an implied social contract that I accept by patronizing a restaurant. It's not illegal to not tip, it's simply in poor taste. If you object to tipping, don't go ...
by EddyB
Mon Nov 13, 2017 11:18 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7204

Re: Tipping in living wage state. Redux.

tip. Anyway, this isn’t about tipping, generally, but about whether a change in pay structure (from a wage with a tip credit to a full minimm wage to a living wage) should change my tipping practice. I don’t see how it could possibly remain the same, to be honest. Bad logic. Why do you assume that ...
by EddyB
Mon Nov 13, 2017 7:25 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7204

Re: Tipping in living wage state. Redux.

In our LCOL area a decent one bedroom is $700. Comparable in San Francisco is around $3,000+. I'm not convinced the "living wage" differential or more expensive meal puts the server ahead when the tips are reduced anywhere from 50% to 75% (from a 20% tip down to a 5 or 10% tip). No one is forced to...
by EddyB
Thu Nov 09, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: How old are you and what size is your portfolio?
Replies: 33
Views: 4417

Re: How old are you and what size is your portfolio?

OP may want to see these results from a few years ago.

viewtopic.php?t=154364
by EddyB
Tue Nov 07, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13625

Re: Why make more money?

Considering it wasn't that long ago that people worked dusk to dawn to either grow, hunt or gather food and water their entire lives (and in many places I am sure they still do) I can't see where our society has placed an increased burden on us. If I remember correctly when Social Security was orig...
by EddyB
Tue Nov 07, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13625

Re: Why make more money?

I guess the problem is for most people what they really want is either a 3 or 4 day work week or 8-10 weeks vacation a year and jobs with those options are not plentiful. So I guess people get stuck with the option of either working full time with limited vacation or retiring and both have downside...
by EddyB
Mon Nov 06, 2017 10:55 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 13945

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

magneto wrote:
Mon Nov 06, 2017 1:56 pm
This is a well trodden track.
Perhaps even a straw-man?
But then pages have to be filled !i
Hardly fair to call it a straw man when we see reports of views like this: viewtopic.php?p=3605854#p3605854
by EddyB
Mon Nov 06, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 10405

Re: Disposable income... how?

I'll take a stab at answering why folks spend so on houses and cars. I call it the SWIG factor. See What I Got! The houses are not for them to live in, nor are the luxury cars for them to drive and enjoy. The houses are built and the cars are bought to impress everyone else. Americans are indoctrin...
by EddyB
Mon Nov 06, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13625

Re: Why make more money?

It's an attitude and approach. You don't settle for average. You push your limits and raise the bar. 30x expenses is a good milestone to know where you are at, but not the finish line where you have to drop everything and waste your potentials. That seems to presume that making money from something...
by EddyB
Mon Nov 06, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: The power of cancellation
Replies: 15
Views: 2739

Re: The power of cancellation

I just renewed Sirius XM last week for $25 for 5 months (plus $3 in taxes) for the "XM Select" package. They have my account set on auto-renew for $18 per month when the 5 month "trial" expires, but I always call in the day before it expires and tell them that I can only afford the $5 per month pla...