Search found 69 matches

by Raryn
Sun Jan 19, 2020 7:08 pm
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 284
Views: 16773

Re: Isn’t Inflation Much Larger Than 2%?

Of course you are right, but according to the official CPI figures, the price of new cars is about the same as it was in December 1996: https://fred.stlouisfed.org/series/CUUR0000SETA01 3.724% of the CPI-U is weighted on this. I can never get a straight answer from anyone who believes the CPI is ac...
by Raryn
Fri Jan 17, 2020 12:22 pm
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 284
Views: 16773

Re: Isn’t Inflation Much Larger Than 2%?

the price of cars have gone up dramatically. Of course you are right, but according to the official CPI figures, the price of new cars is about the same as it was in December 1996: https://fred.stlouisfed.org/series/CUUR0000SETA01 3.724% of the CPI-U is weighted on this. I can never get a straight ...
by Raryn
Fri Jan 17, 2020 12:01 pm
Forum: Personal Consumer Issues
Topic: Best Way to Resolve Property Line/Fence Issue with Heirs
Replies: 53
Views: 3724

Re: Best Way to Resolve Property Line/Fence Issue with Heirs

So the current fence is entirely on your property based on my reading of your post. This is going to depend somewhat on state law, but you could theoretically personally do whatever you want with it, including rip it down and replace it closer to the property line. If you want them to help pay for a...
by Raryn
Sun Jan 12, 2020 8:22 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 49
Views: 6695

Re: Chase YouInvest cost basis method

Has anyone recently transferred ETFs into You Invest by JP Morgan Chase? I'd like to take advantage of their $1,000 bonus for opening a Chase Sapphire Checking + YouInvest (which requires transferring $75K into Chase checking/saving/YouInvest account). Before I do that, I want to make sure that the...
by Raryn
Tue Jan 07, 2020 7:26 pm
Forum: Investing - Theory, News & General
Topic: So now stocks only return 3% over time?
Replies: 95
Views: 11154

Re: So now stocks only return 3% over time?

Real CAGR is 2.64% from 2000-2018 for sp500. In that time period we had 2 bear market drops and a good bull run. 2018 was the 3rd bear market in that period. Either way, numbers change dramatically if someone is contributung on a regular basis. Nobody invested at the top of 2000 and sold everything...
by Raryn
Tue Jan 07, 2020 7:10 pm
Forum: Non-US Investing
Topic: Global GDP Growth is highly dependent on three countries. Can you guess what those countries are?
Replies: 14
Views: 1360

Re: Global GDP Growth is highly dependent on three countries. Can you guess what those countries are?

https://www.weforum.org/agenda/2017/10/these-countries-are-leading-the-way-on-growth Together these three countries contributed 61.7% to Global GDP Growth. They are China,USA and India. It is important to know what countries are contributing to Global GDP Growth as unlike local stock market returns...
by Raryn
Thu Sep 12, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can I make multiple estimated income tax payments online (for 1040-ES) in a quarter?
Replies: 8
Views: 973

Re: Can I make multiple estimated income tax payments online (for 1040-ES) in a quarter?

You can make up to six payments per quarter - two each for all 3 payment processors (payusatax, pay1040, officialpayments)
by Raryn
Thu Jul 18, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 40
Views: 3990

Re: How unpleasant is the home buying/selling experience??

Can somebody make the numbers? Of course houses can go up and down in value, but assuming they just keep up with inflation, the recommendation (from RE agents, of course) is buy if you are going to be more than 2 years. What is the real break-even time to stay in a house vs renting? It depends on a...
by Raryn
Thu Jul 18, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 23263

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Obviously HCOL areas provide higher incomes , but do they also provide higher net worths and more wealth building potential or is it essentially equal to LCOL areas in terms of net worth and wealth building due to the lower expenses in LCOL areas? I am trying to determine if I could be achieving mo...
by Raryn
Sat Jun 29, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: friend claiming 17% returns on Life Insurance
Replies: 30
Views: 3890

Re: friend claiming 17% returns on Life Insurance

It's like some kind of perverse tontine. As relatives die off, the remainder will become wealthier and wealthier.
by Raryn
Thu Jun 06, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: W4 changes after getting married and having a baby
Replies: 10
Views: 663

Re: W4 changes after getting married and having a baby

Hi- I got married in December 2018 and we filed jointly for 2018. We had a baby in January 2019. I'm confused about if I should change my W4 withholding. I'm confused because I always heard that once you have a baby you get a favorable tax credit, hence everyone around me willing Baby to arrive on ...
by Raryn
Thu Jun 06, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Forgiveness of Investment Fees - Taxable Income?
Replies: 7
Views: 332

Re: Forgiveness of Investment Fees - Taxable Income?

Rebates are explicitly NOT income. This is why credit card reward point earnings aren't taxable.
by Raryn
Fri May 31, 2019 8:12 pm
Forum: Personal Consumer Issues
Topic: UPDATE to What to do with a 24" analog CRT TV?
Replies: 58
Views: 3815

Re: What to do with a 24" analog CRT TV?

Put an ad on Craigslist. Those older CRTs are actually in reasonably decent demand due to them being superior for certain classic video games (such as Super Smash Brothers Melee) that are still holding tournaments. There's fewer and fewer of them around these days. If there's an active scene for thi...
by Raryn
Mon Apr 22, 2019 12:53 am
Forum: Personal Investments
Topic: Have I figured out Roth conversion?
Replies: 19
Views: 2024

Re: Have I figured out Roth conversion?

If the withdrawals are the same wouldn't the tax be same? If so, your just paying taxes now instead of later. Forgot about heirs. If you convert to a ROTH, your named beneficiaries will probably thank you. No. Not at all. Lets say you are retiring at age 65 with a mix of accounts - some taxable, so...
by Raryn
Sun Apr 21, 2019 11:16 pm
Forum: Personal Investments
Topic: Have I figured out Roth conversion?
Replies: 19
Views: 2024

Re: Have I figured out Roth conversion?

Lee_WSP wrote:
Sun Apr 21, 2019 10:38 pm
What is the perceived benefit of converting to a Roth rather than just taking it out in cash? I'm not sure I see the benefits.
Tax free lifetime growth.

Taxable accounts have drag (from dividends triggering taxes) and then capital gains to worry about. Roth accounts don't.
by Raryn
Thu Oct 18, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Local review of Truecar
Replies: 8
Views: 1078

Re: Local review of Truecar

Recently bought a car - a 2018 model in October, so the dealers were running low and were eager to get their last few out the door. I got a truecar quote that was a couple grand below invoice, comparable with all 3 dealers. Then I got a dozen quotes from other competing dealers all over my state - a...
by Raryn
Thu Sep 27, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: How to charge much higher than Credit Card Limit
Replies: 44
Views: 4343

Re: How to charge much hire than Credit Card Limit

Recently had a discussion with both USAA and Chase about paying IRS with credit card. Both said you will not get their higher 2-2.5% cash back which we normally earn on our charges as it does not qualify. The % fee charged for CCard payments exceeded the % cashback from both CCards for our IRS paym...
by Raryn
Wed Sep 26, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to charge much higher than Credit Card Limit
Replies: 44
Views: 4343

Re: How to charge much hire than Credit Card Limit

American Express has charge cards that are theoretically without a limit - but even they will stop most people from charging anywhere near a million over a few months. It's not impossible - people have charged tens of millions in the past - but it will require clearing it with the company first.
by Raryn
Fri Mar 30, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: New car from dealer may have close to 150 miles - ok?
Replies: 66
Views: 11645

Re: New car from dealer may have close to 150 miles - ok?

One time I reached a purchase agreement with a dealer 150 miles away from my home. They had the car in stock. I got a really good deal on the new car as well as an excellent offer for my trade-in, sight unseen. When I went to pick it up, it had about 200 miles on it. I asked why, and they had been ...
by Raryn
Fri Mar 30, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 13250

Re: How Do You Value Your Home for Net Worth Purposes?

Klangfool, your pessimism on the topic of homeownership is legendary, but this is ridiculous. If you use a "rule" that you can't buy a house until your net worth is 2.5x the purchase price, practically no one would *ever* be able to "afford" a house before retirement! There are tons of circumstance...
by Raryn
Thu Mar 29, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: As a standard employee, I owe a TON this tax season... why?
Replies: 16
Views: 3976

Re: As a standard employee, I owe a TON this tax season... why?

My W2 was about $393k, a large bulk of that income came in one month where I made about $130k in one month mostly all on one paycheck mid way through the year. Given that the average household income is around 60k, less than half of what you made in one month, you are anything but a standard W-2 em...
by Raryn
Thu Mar 29, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 11961

Re: What is the endgame for Millennials?

Not sure how recent this study really was. Looking at the study samples, unless I am mistaken they used pre 2014 up to 2014 data for this study? While no real year limit is officially defined for what makes up a "millennial", using pew research in 2014 the oldest millennial per pew's definition wou...
by Raryn
Thu Mar 29, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 13250

Re: How Do You Value Your Home for Net Worth Purposes?

You have to begin by asking why you want to know your net worth and what you will use the number for. I've never been able to figure out any actual use for it other than to make me feel good and/or have an answer if someone asks me my net worth. Which I don't think has ever happened, in fact. bigte...
by Raryn
Fri Mar 23, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 6203

Re: Buying vs renting - really tough decision to make

OP -- Almost every single financial argument and fact presented in the OP logically points towards renting being the better option. Yet you claim to be emotionally torn. Why? Because, yet again... the goal is which option results in the highest net worth. I realize my mistake in including any detai...
by Raryn
Sun Mar 11, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Question Regarding State Tax Returns
Replies: 5
Views: 788

Re: Question Regarding State Tax Returns

For Turbo Tax https://ttlc.intuit.com/questions/1901214-how-do-i-prepare-a-joint-federal-return-and-separate-state-returns For TaxAct (similar procedure) TaxAct Return #1 - Spouse A and Spouse B prepare a federal return with filing status Married Filing Joint Return, including both spouse's informa...
by Raryn
Sat Mar 10, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Question Regarding State Tax Returns
Replies: 5
Views: 788

Question Regarding State Tax Returns

Currently working to file taxes and running into an annoying problem - My spouse and I lived apart for all of 2017, in different states. In addition, she moved mid-way through the year to yet a third state. That is, I lived all year long in state A She lived 5 months in state B and 7 months in state...
by Raryn
Thu Nov 16, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Gifting of stock in error
Replies: 8
Views: 1388

Re: Gifting of stock in error

I gift transferred several securities, all were appreciated securities, except one where the cost basis was (substantially) higher than the FMV. Unfortunately, the latter was done in error, and there are tax ramifications I am facing now. The recipient of the shares instructed the broker (Schwab in...
by Raryn
Sat Nov 04, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: 529 question: Are stipends given for MD-PhDs considered as scholarships ?
Replies: 17
Views: 2680

Re: 529 question: Are stipends given for MD-PhDs considered as scholarships ?

In the MD/PhD one program I am personally familiar with, the stipend was not a scholarship. It was income.

The tuition waiver may or may not be a scholarship.
by Raryn
Thu Oct 26, 2017 2:18 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime customers can now give Amazon access to their home
Replies: 53
Views: 6316

Re: Amazon Prime customers can now give Amazon access to their home

We have a smart lock (not one of the ones that is compatible with this service right now but a very similar model) on our condo's front door. It's convenient so I don't have to grab my keys out, can open the door with an app, etc. We also uses it for a dog walking service when I'm out of town (curre...
by Raryn
Thu Oct 26, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute to spouse's Roth?
Replies: 22
Views: 2519

Re: Contribute to spouse's Roth?

I would get your wife's ok on this before opening a Roth in HER name (she has to sign) or funding it. Who knows, maybe she is already contributing to a Roth that you don't know about and is ineligible for another. On January 1 every year, my father puts 13000 into a money market fund within that jo...
by Raryn
Thu Oct 26, 2017 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Contribute to spouse's Roth?
Replies: 22
Views: 2519

Re: Contribute to spouse's Roth?

In addition to their IRAs, my parents set up a joint brokerage account at vanguard. They subsequently gave each other agent authorization to handle all accounts. On January 1 every year, my father puts 13000 into a money market fund within that joint account. On January 3, he moves it to their indiv...
by Raryn
Sat Oct 21, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 9367

Re: Paying for medical school for son?

He is not an only son. I also have a daughter who is three years younger. She has also expressed an interest in medical school. My intent has always been to help them get through school and start their careers debt free. What got me thinking about this is reading examples where massive medical scho...
by Raryn
Fri Oct 20, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: -----
Replies: 4
Views: 697

Re: Mortgage Lender Advice (I may just be venting here...)

I recently had an offer accepted and contract fully executed on a home (I'm the buyer). I had been working with a mortgage 'broker' (really just a lender working with a single financial institution) prior to the contract signing. I got a quote on the rate, closing costs, etc. As it came closer to c...
by Raryn
Sat Oct 14, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 101
Views: 19920

Re: New mattress

I found Sams Club to have the best price on a decent mattress. You can get comparable Serta and similar brands for a fraction of the price as the mattress store, delivered to your home for free.
by Raryn
Sun Oct 01, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Better chance to be accepted to state medical school if also attend undergraduate in the state?
Replies: 18
Views: 2050

Re: Better chance to be accepted to state medical school if also attend undergraduate in the state?

My child and I are both residents of Texas. My child is applying to undergraduate universities with the ultimate goal to be accepted later on into a Texas public medical school. My child's first choice for undergraduate is a public school in a neighboring state. Because of academic performance, the...
by Raryn
Fri Sep 22, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 33951

Re: Calling out the not so rich bogleheads

This has the effect of scaring away and/or creating resentment in a lot of people who are not close to being millionaires or even just plain wealthy with a healthy emergency cushion, say around 100K-200K saved @ age 35 or 40 . You can't get wrapped up in a number. Think about it like this (assuming...
by Raryn
Tue Sep 12, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Tips on helping spouse feel that we are truly FI?
Replies: 18
Views: 1993

Re: Tips on helping spouse feel that we are truly FI?

Sounds like you have three options here. A) convince your wife you're financially independent and can retire early. Then do so. B) realize that due to your current incomes and financial circumstances, if you keep working you can spend a lot more money and still have a comfortable retirement. Thus, s...
by Raryn
Mon Aug 28, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Comcast got me over a barrel-Help
Replies: 23
Views: 3046

Re: Comcast got me over a barrel-Help

Same thing happened to me a few months ago. Only Comcast offered in my area. I called and said I wanted to cancel my service as of the end of the month (two weeks later). They agreed and that was that... until three days after that I had a retention specialist call me and offer the same price I was ...
by Raryn
Sat Aug 05, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Manufacturers repairing/replacing out of warranty products for free
Replies: 15
Views: 1620

Re: Manufacturers repairing/replacing out of warranty products for free

Had a Fitbit wifi scale for a few years when it suddenly stopped working. Has only a 1 year warranty. I call them, they say it's out of warranty, the most we can offer you is a discount on a new tracker. I ask for a potential discount on a new scale instead (since that's what broke), they say no. A ...
by Raryn
Thu Aug 03, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Should you buy or rent a 140k apartment/house?
Replies: 12
Views: 1421

Re: Should you buy or rent a 140k apartment/house?

Financially, I would say "it depends". Run the numbers through https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html and you can see the "objective" answer that takes into account everything I can think of (including the opportunity cost of not investing the assets elsewhere). The...
by Raryn
Mon Apr 24, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Question on backdoor roth IRA
Replies: 3
Views: 621

Re: Question on backdoor roth IRA

IRS forms round to the nearest dollar. No negative implications from the extra 33 cents.
by Raryn
Sun Apr 09, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax] software asks driver license number
Replies: 15
Views: 1962

Re: [Tax] software asks driver license number

I filed two state returns this year because I moved halfway through 2016. Both states required either a driver's license # or the AGI listed on last years state return to efile. My DL is still in the old state, so I had to paper file my new state. Quite annoying. Off topic, perhaps, but isn't one s...
by Raryn
Sun Apr 09, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax] software asks driver license number
Replies: 15
Views: 1962

Re: [Tax] software asks driver license number

I filed two state returns this year because I moved halfway through 2016.

Both states required either a driver's license # or the AGI listed on last years state return to efile.

My DL is still in the old state, so I had to paper file my new state. Quite annoying.
by Raryn
Thu Mar 23, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage APR 4.96% - too high?
Replies: 58
Views: 6001

Re: Mortgage APR 4.96% - too high?

I put your numbers into bankrate.com and out popped 4.125% Considering the following factors, your quoted APR is not that bad: - You're a 1st time home buyer, more risk - You're not putting down very much, more risk - Credit score is ok but not excellent, more risk - Bankrate.com probably quotes on...
by Raryn
Thu Mar 23, 2017 6:56 am
Forum: Personal Investments
Topic: Maxing tax-advantaged accounts -- am I getting this right?
Replies: 19
Views: 1860

Re: Maxing tax-advantaged accounts -- am I getting this right?

Don't forget you also get 7.65% deducted for FICA (Social Security and Medicare). SO .0765 * $60,000 = $4,590 that's just taken out from paycheck, not deductible towards your taxes. Yup. And unlike income taxes, payroll taxes can't be brought down with 401(k) contributions (or really, any other met...
by Raryn
Wed Mar 22, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: taxact $10 premium deal today [includes state] [price match if already filed]
Replies: 12
Views: 1940

Re: taxact $10 premium deal today [includes state] [price match if already filed]

This is bizarre. I had a return already filled out but not filed for a $20 price point. So I called and asked them to apply this deal, they said absolutely, it will now be $10 when you check out. Then I efiled and it was free federal & 1 state and $15 for the other state I had to file. Thinking it w...
by Raryn
Wed Mar 08, 2017 10:26 pm
Forum: Investing - Theory, News & General
Topic: Every 40-yr returns curve of the S&P500 since 1870 graphed
Replies: 40
Views: 5852

Re: Every 40-yr returns curve of the S&P500 since 1870 graphed

The striking bit for me is the variability after 40 years. This really makes the case to me why you shouldn't go 100% stock. You may get lucky or may get hosed-even after waiting 40 years! I hope for a smoother ride with a 80/20 split and DCA. You're very likely to have a slightly smoother ride wit...
by Raryn
Tue Mar 07, 2017 8:03 pm
Forum: Personal Investments
Topic: 50/50 Split of Inheritance for Brothers in 28% and 10% Bracket
Replies: 22
Views: 2221

Re: 50/50 Split of Inheritance for Brothers in 28% and 10% Bracket

I agree with other posters that anything other than a 50:50 split presents legal and emotional complications. However...however, I read the OP as asking if something else is possible/advisable if both parties are in agreement that the arrangement is mutually beneficial. Assuming SB1 is much better ...
by Raryn
Thu Feb 09, 2017 10:45 pm
Forum: Investing - Theory, News & General
Topic: Why don't stock prices go up on payday?
Replies: 43
Views: 6819

Re: Why don't stock prices go up on payday?

I get paid on the 1st and 16th.
by Raryn
Sat Feb 04, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Are there really "Tax Brackets" and does it really matter if I get bumped up into the next one?
Replies: 87
Views: 10725

Re: Are there really "Tax Brackets" and does it really matter if I get bumped up into the next one?

If I think I'll be rich in retirement (i.e. higher marginal tax bracket), I may decide to heavily invest in Roth accounts. Because of this, my retirement marginal bracket becomes very low and I've paid more taxes than I needed to. Okay, so let's invest in all tIRA/401k. Now I've driven up my margin...