Search found 658 matches

by KlingKlang
Fri Jul 13, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9259

Re: When does frugal cross the line to cheapskate?

My ex-MIL would order water at a restaurant with ice and extra lemon, then she would squeeze the lemons into the water and add sugar from the sugar packets on the table (or ask for sugar) and make what I would refer to as "cheapskate lemonade." I think that crosses the line to cheap and it always e...
by KlingKlang
Fri Jul 13, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9259

Re: When does frugal cross the line to cheapskate?

When you are cheating someone else out of money rightfully due them because you are trying to hold on to your own money, then you’ve crossed the line to being miserly. I heard this somewhere recently: "If you go to a restaurant and don't leave a tip, that's cheap. If you skip the restaurant and mak...
by KlingKlang
Fri Jul 13, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: One Fund During Retirement?
Replies: 10
Views: 779

Re: One Fund During Retirement?

Wellesley Admiral (VWIAX) currently has a SEC yield of 3.36% so that will give you about $20k/year from $600k. You can see the details of the latest distributions here https://investor.vanguard.com/mutual-funds/profile/distributions/vwiax Holding VWIAX in an after tax account may actually be more ta...
by KlingKlang
Mon Jul 09, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: Ruby Anniversary(40) - Pikes Peak & Estes Park
Replies: 15
Views: 1049

Re: Ruby Anniversary(40) - Pikes Peak & Estes Park

All great comments so far. Just a note that while we (60's couple) had no problems sleeping in Denver the altitude made it impossible for us to sleep in Estes Park. YMMV.
by KlingKlang
Sat Jul 07, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: No minimum for VTMSX in an IRA??? [Vanguard Tax-Managed Small Cap]
Replies: 3
Views: 335

Re: No minimum for VTMSX in an IRA??? [Vanguard Tax-Managed Small Cap]

I just tried a test transaction exchanging $1000 into VTMSX in my Roth IRA. It allowed the VTMSX fund but gave me an error message that I had to contribute the full $10,000 minimum amount.
by KlingKlang
Thu Jul 05, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Insurance company canceeling homeowners policy. Hell
Replies: 13
Views: 1606

Re: Insurance company canceeling homeowners policy. Hell

The first thing that I would do is to call your insurance agent and ask what's going on.

The second thing that I would do is start looking around for a new home insurance company.
by KlingKlang
Sun Jul 01, 2018 4:53 pm
Forum: Personal Consumer Issues
Topic: New car dealerships offering (included) lifetime warranties?
Replies: 13
Views: 1453

Re: New car dealerships offering (included) lifetime warranties?

The last time that I bothered to read through all 50 pages of fine print on one of these "lifetime nationwide warranties" I came away with the impression that the only thing that was actually covered was the entire engine block spontaneously disintegrating. Most of these warranties are power train ...
by KlingKlang
Sun Jul 01, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: New car dealerships offering (included) lifetime warranties?
Replies: 13
Views: 1453

Re: New car dealerships offering (included) lifetime warranties?

The last time that I bothered to read through all 50 pages of fine print on one of these "lifetime nationwide warranties" I came away with the impression that the only thing that was actually covered was the entire engine block spontaneously disintegrating. Why would the dealer offering this affect ...
by KlingKlang
Tue Jun 26, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 6960

Re: Family dynamics/in laws/am I being petty?

Why not pick up the whole tab and make your SIL+BIL feel bad about it at the same time? That should make you feel good. This has been re-quoted so many times that I am getting flummoxed. Any of my relatives would exclaim: 'You're picking up the bill? Waiter, bring me a bottle of Dom Perignon!'.
by KlingKlang
Tue Jun 26, 2018 9:34 am
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 6960

Re: Family dynamics/in laws/am I being petty?

I would probably feel the same as the OP, but you have to pick your battles and this is definitely not something worth starting a family feud over. If you do decide to bring up the subject your wife should be the one to discuss it with her sibling. Don't involve her parents. I like mak1277 's sugges...
by KlingKlang
Mon Jun 25, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing an old home in an old suburban area; to what old-house specific issues should I pay attention
Replies: 21
Views: 1371

Re: Purchasing an old home in an old suburban area; to what old-house specific issues should I pay attention

Thinking back to the house built in 1951 that I grew up in the biggest problems were the gravity furnace, disintegrating cinder block foundation, uninsulated basement pipes that froze in the winter, and the do-it-yourself electrical and plumbing additions.
by KlingKlang
Fri Jun 22, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 14681

Re: Did you celebrate when you finally hit $1m?

It's just a number. While it may be a goal worth noting, it's a bit like driving across the border from Ohio to Indiana...the landscape will not have changed much--financially or otherwise. You really aren't much better off than you were at $990,000. I agree, and I have never driven between Ohio an...
by KlingKlang
Wed Jun 20, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Helping mom with inheritance. Help!
Replies: 13
Views: 1516

Re: Helping mom with inheritance. Help!

In this case the first thing that I would check is how much extra income she can earn without losing her eligibility for Section 8 housing assistance. This varies by location. If she has no experience with investing I would suggest using an all-in-one self balancing fund so that she doesn't have to ...
by KlingKlang
Wed Jun 20, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: 1st Car Mechanic service experience
Replies: 41
Views: 2296

Re: 1st Car Mechanic service experience

I always serviced my cars at dealerships and I always felt I was getting over charged. I have no interest for DIY car maintenance. I never knew of any reliable car mechanics so always used the car dealerships. Finally today, with the referral and strong recommendation of a co-worker, I took my 110k...
by KlingKlang
Wed Jun 20, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: How to shelter 500k
Replies: 11
Views: 1429

Re: How to shelter 500k

In order to contribute to a Roth IRA you have to have earned income, which I assume that you do not since you are retired. Your most important consideration is that if you sell these two ETFs in order to purchase some other type of investment you will have to pay capital gains taxes on the unrealize...
by KlingKlang
Wed Jun 20, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 5710

Re: Struggling - Seeking Advice to Get On Track

So we opened but he opened as Traditional and then come tax season this year our CPA said we could not have traditional given we have traditional with our companies , so in Feb or March he switched them to Roth accounts. Huh? The deduction for a traditional IRA may be limited if you or your spouse ...
by KlingKlang
Tue Jun 19, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: Seeking input from folks invested in Van. Tax Managed Balanced Fund
Replies: 10
Views: 957

Re: Seeking input from folks invested in Van. Tax Managed Balanced Fund

As to income from VTMBX, were they pretty consistent in the amount of tax exempt and the amount of taxable dividends from year to year? That's a good question. I don't have my mother's statements but glancing at her tax returns it seems that they don't vary more than about 10% from year to year (wh...
by KlingKlang
Tue Jun 19, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: Seeking input from folks invested in Van. Tax Managed Balanced Fund
Replies: 10
Views: 957

Re: Seeking input from folks invested in Van. Tax Managed Balanced Fund

My mother holds a small amount of this fund. She would actually be upset if she knew that it partially invests in stocks but what she doesn't know won't hurt her. She will never sell it or buy more because she wants to keep everything the way my father left it. I talked my father into buying it abou...
by KlingKlang
Sun Jun 17, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 10769

Re: I-bonds look pretty bad right now

With the increased standard deduction there are going to be a lot of people paying 0%, 10%, or 12% marginal tax rates instead of 22%. I'm currently at 0% myself due to ACA income limitations. Also I'm enjoying the cash flow from my 30 year old (Series EE) savings bonds.
by KlingKlang
Sun Jun 17, 2018 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: VOHIX vs VMMXX for fixed income in Ohio
Replies: 4
Views: 361

Re: VOHIX vs VMMXX for fixed income in Ohio

How about if we add in another choice: Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) Expense 0.20% SEC yield 2.32% (vs VOHIX in a taxable account) VUBFX will probably not decline as much as VOHIX in a bond bear market, at the cost of a lower yield and being subject to state taxation. ...
by KlingKlang
Sun Jun 17, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 169
Views: 14703

Re: How much (green) cash at home for emergency ?

A few thousand might be handy to pay (bribe) someone with boat to get you out of the second floor of your house and then get someone with a Jeep to get you through the foot deep water to somewhere dry with the power on. After that all you need is your normal amount of pocket cash, ATM card, and cre...
by KlingKlang
Sun Jun 17, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: VOHIX vs VMMXX for fixed income in Ohio
Replies: 4
Views: 361

Re: VOHIX vs VMMXX for fixed income in Ohio

I live in Ohio and own both VOHIX and VMMXX, but they serve different purposes as pieces of my after tax bond and cash allocations respectively. By having the dividends from the bond fund and my tax-managed stock funds deposited into the money market fund I can easily rebalance by buying more shares...
by KlingKlang
Sun Jun 17, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 169
Views: 14703

Re: How much (green) cash at home for emergency ?

A few thousand might be handy to pay (bribe) someone with boat to get you out of the second floor of your house and then get someone with a Jeep to get you through the foot deep water to somewhere dry with the power on. After that all you need is your normal amount of pocket cash, ATM card, and cred...
by KlingKlang
Sun Jun 17, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA question
Replies: 3
Views: 194

Re: Rollover IRA question

Unrealized losses inside of an IRA make no difference in taxation, the only thing that matters is the amount that you are withdrawing. Assuming that all of the original contributions were deductible, on a $6400 withdrawal you will be paying 0.37*$6400 = $2368 in federal taxes and 0.10*$6400 = $640 i...
by KlingKlang
Sun Jun 17, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Need advise with the first investment
Replies: 12
Views: 534

Re: Need advise with the first investment

I agree that Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) ER 0.15% is perfect for a taxable account. If you wish to invest in fixed income an additional option for tax advantaged savings is United States Series I Savings Bonds. They pay interest at a (currently small 0.3%) fixed ra...
by KlingKlang
Sat Jun 16, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Back to Treasurys...
Replies: 17
Views: 2062

Re: Back to Treasurys...

As long as you have a Treasury Direct account you may want to consider picking up your $10,000/year of Series I US Savings Bonds. Need to hold for one year in order to redeem and five years to avoid 3 month interest penalty. Current rate is 2.52%. Free from state and local income taxes.
by KlingKlang
Tue Jun 12, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 49
Views: 8446

Re: Vaguard - You'll need to sign up for security codes soon

While my wife is quite adept with smartphones and computers, she will not tolerate time on investments. I am an authorized agent on her account, it all appears with my log in and all is good. We have multiple accounts, TIRA, Roth, Taxable X2, and a JTROS Ditto on the multiple accounts. How much eff...
by KlingKlang
Tue Jun 12, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 49
Views: 8446

Vanguard - You'll need to sign up for security codes soon

I just received an email from Vanguard Flagship Services addressed to my wife with the message "You'll soon be required to sign up for security codes". My wife won't touch a computer or a smartphone. I use my email address for both of our accounts. Will I get in trouble with Vanguard for using my ph...
by KlingKlang
Tue Jun 12, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 7361

Re: Boring Job

There is only so much I can do since I am new to the field and my tasks are scheduled throughout the day for longer periods of time then it takes me so I can't tell my boss that I finished something early or else it looks bad Why does it look bad to tell your boss you can complete a task more quick...
by KlingKlang
Tue Jun 12, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: How to choose among these income funds?
Replies: 6
Views: 563

Re: How to choose among these income funds?

So as I understand it by this time next year you will have the following annual income streams: $33K Social Security (inflation adjusted) $33K Qualified annuities (probably not inflation adjusted) Even though you seem to be soured on annuities one method of getting your extra $10K/year is to buy a s...
by KlingKlang
Sun Jun 10, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: Moving to a house from a condo
Replies: 7
Views: 683

Re: Moving to a house from a condo

This pretty much duplicates our experience from 35 years ago - I thought that my two bedroom townhouse condo with a 15 minute commute time, lack of yard maintenance, and ability to walk almost everywhere was ideal, my new (non-working) wife had lived in detached single family homes her entire life a...
by KlingKlang
Sat Jun 09, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11655

Re: Are you including SS in your planning model? Are the benefits really that high?

First, can that possibly be correct? Am I really going to get 20k a year in benefits? My wife has higher earnings and we are the same age. 40k a year in benefits? Like I said, I hadn't spent much time looking at SS and I never include it in my planning. Because, holy crap, if we really do get those...
by KlingKlang
Wed Jun 06, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What If Your Plan Fails?
Replies: 49
Views: 4999

Re: Larry Swedroe: What If Your Plan Fails?

Using the same data from his prior work, which you’ll recall covers 21 countries over the 115-year period 1900 through 2014 How many of these countries maintained their governments and currency systems without catastrophic dislocations over this time period? Monte Carlo Simulation is useless at pre...
by KlingKlang
Sat Jun 02, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 6154

Re: Need advice on 1st international vacation

ugaDAWGS09 wrote:
Sat Jun 02, 2018 3:30 pm
My wife and I are looking to plan our first international trip. We are looking for a 7-10 day vacation in a safe area where English will be commonly spoken.
Would Canada be too obvious of a suggestion?
by KlingKlang
Wed May 30, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: My mind exploded
Replies: 79
Views: 4780

Re: My mind exploded

A graduation present is meant to be spent. Nuff said. This takes me (way) back because I always resented the attitude of my parents and grandmother that 'When we give you a gift it's still ours to tell you how to use it and we can take it back any time we want'. When I was in elementary school my m...
by KlingKlang
Sat May 26, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: new total world bond fund instead of total bond market in my 3 fund portfolio
Replies: 7
Views: 1379

Re: new total world bond fund instead of total bond market in my 3 fund portfolio

thanks no 401k why I thought taxable In this particular situation I would definitely recommend that you start a taxable investment account, the reason being that if you limit your retirement investing to a Roth IRA the $5500/year limit will probably keep you from meeting your goals. Vanguard Total ...
by KlingKlang
Thu May 24, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: About to retire and at an almost total loss.
Replies: 15
Views: 5058

Re: About to retire and at an almost total loss.

Lots of good questions and advice so far. A question of my own concerning your expectations that the business will continue to generate cash flow for the foreseeable future: How dependent is your business on you being the person running it? How many hours a week do you spend managing it? Are you the...
by KlingKlang
Wed May 23, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12639

Re: how do you tip on wine at a restaurant

Go to a really nice restaurant, tell the waiver what you think you'll want as an entree, and ask for a recommendation for an appetizer and bottle of wine to complement it correctly. He or she will be very familiar with the dishes and will be able to tailor the meal to your preferences. This sounds ...
by KlingKlang
Tue May 22, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buy an old farmhouse?
Replies: 52
Views: 5099

Re: Buy an old farmhouse?

One more thing to consider. Does the property have any ponds or creeks near the house that would attract the pre-schoolers? I live in an area with a lot of ponds and every year or so a young child wanders off and drowns in a pond. Kids love water. No saying you shouldn't buy because of the water, b...
by KlingKlang
Tue May 22, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buy an old farmhouse?
Replies: 52
Views: 5099

Re: Buy an old farmhouse?

In addition to all of the previously mentioned concerns make sure that there will be no problems with people from the state park wandering onto your property. Is it fenced?
by KlingKlang
Tue May 22, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: French hotel amenities...
Replies: 15
Views: 1251

Re: French hotel amenities...

You are very likely to have a bidet in the bathroom. For the other items can you check with the hotel's website?
by KlingKlang
Sun May 20, 2018 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's investments, please.
Replies: 47
Views: 4297

Re: Help with my mom's investments, please.

Now I'm confused. Why is it showing only 21.5% in bonds and then 50.1% in short-term reserves? Did she open up a brokerage account and leave half of the funds in the settlement fund (Vanguard Federal Money Market Fund)? You can check the details of all of her holdings on the "Balances and holdings"...
by KlingKlang
Sun May 20, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Simplifying to a target retirement fund?
Replies: 9
Views: 729

Re: Simplifying to a target retirement fund?

You currently have an exceptional portfolio consisting of four different ultra low cost funds in four accounts (six funds in total). The three different funds in your tIRA give you the ability to rebalance your overall US stock/International stock/Bond allocation with no tax consequences. Personally...
by KlingKlang
Sat May 19, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12668

Re: Helping Adult Children (but not too much)

Congratulations to you and your daughter. Sounds like you did a fine job of raising her and that she is off to a good start. Is she still living at home? If not she needs to make sure that she is not spending too high a percentage of her income on housing. If she is she should be contributing someth...
by KlingKlang
Fri May 18, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 1004

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

Yes, the cliff is indeed a cliff - and there are two of them. You lose out if your income is too low or too high. The following is a link to an excellent article. It's three years old but you can adjust the numbers easily enough by looking up the latest federal poverty level (FPL). https://rootofgoo...
by KlingKlang
Fri May 18, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 1004

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

This is an interesting problem (which I also have to deal with) because it involves keeping the ACA MAGI within a relatively tight range rather than just minimizing taxes. All of the tax minimization strategies involving the use of the IRS Qualified Dividends and Capital Gain Tax Worksheet or tax-ex...
by KlingKlang
Fri May 18, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: Possibility of EE bond rates changing?
Replies: 8
Views: 833

Re: Possibility of EE bond rates changing?

The 20 year doubling rule has been in effect since May 2005. Fixed rate for EE Bonds issued in the six months after date: May 1, 2018 0.10% November 1, 2017 0.10% May 1, 2017 0.10% November 1, 2016 0.10% May 1, 2016 0.10% November 1, 2015 0.10% May 1, 2015 0.30% November 1, 2014 0.10% May 1, 2014 0....
by KlingKlang
Thu May 17, 2018 8:50 pm
Forum: Investing - Theory, News & General
Topic: more rotten service from Vanguard [ACH transfer, fund availability]
Replies: 26
Views: 3349

Re: more rotten service from Vanguard [ACH transfer, fund availability]

I can write a check from my Vanguard Prime MM fund, deposit it to my bank checking account, and the funds are available the next day. Makes me glad that I decided to not use ACH anymore.
by KlingKlang
Mon May 14, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: New Job - Use High Fee 401k With Match or Other?
Replies: 31
Views: 1375

Re: New Job - Use High Fee 401k With Match or Other?

Can you explain her company's match a little more please? Year one, if she contributes 4% of her salary do they match 0.8%? Year two is it a 1.6% match, etc until they are matching a full 4%? Typically the way vesting works is that the employee receives the full match from the beginning but the com...
by KlingKlang
Tue May 08, 2018 9:09 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3764

Re: Why do so many Americans not own stocks?

Many people deem the financial markets as too risky or even a scam. My parents preferred the certain return of 5,6 or 7% they were getting from banks to the possibility of any loss in the markets. I remember once in '96 when the market was selling off my mother called me in a panic to sell everythi...