Search found 289 matches

by bs010101
Fri Feb 28, 2020 11:44 am
Forum: Investing - Theory, News & General
Topic: Help quantify the benefit of tax deferral
Replies: 6
Views: 575

Re: Help quantify the benefit of tax deferral

Thanks for the replies and sorry for my delay in going through them. If you are over the second bend point (inflation-adjusted SS-taxed income averaging over $69,420 for your highest 35 years), paying more self-employment tax is a loss; the present value of the increased SS is about half what you pa...
by bs010101
Tue Feb 25, 2020 10:25 am
Forum: Investing - Theory, News & General
Topic: Help quantify the benefit of tax deferral
Replies: 6
Views: 575

Help quantify the benefit of tax deferral

I have the option of increasing the salary I pay myself from my S-Corp. This would increase social security and medicare taxes, but allow an extra 1/4 of the increase to be invested in an i401K. The salary is reasonable at either level. By my calculations, an extra dollar of salary causes an extra 1...
by bs010101
Tue Feb 11, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent credit application blocked by freeze - should I worry?
Replies: 22
Views: 1899

Re: Fraudulent credit application blocked by freeze - should I worry?

Thanks for all the replies. It does seem like you get a free look at your credit report when creating a temporary fraud alert, so I guess that is a benefit, and it confirmed that no fraudulent accounts had been created.
by bs010101
Mon Feb 10, 2020 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent credit application blocked by freeze - should I worry?
Replies: 22
Views: 1899

Re: Fraudulent credit application blocked by freeze - should I worry?

So, should I take any action? Yes, someone has your name and/or SSN. Put a fraud alert on all three credit bureaus. Don't need to pay for it, just have to submit it in writing with a copy of some documentation that you were a victim of identity theft or fraud. Start with getting a copy of your free...
by bs010101
Mon Feb 10, 2020 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent credit application blocked by freeze - should I worry?
Replies: 22
Views: 1899

Re: Fraudulent credit application blocked by freeze - should I worry?

samsoes wrote:
Mon Feb 10, 2020 9:29 pm
Should you worry? What good does worrying ever do?
The correct question to ask is, "should I take action as a result?"
Yes, you are right. So, should I take any action?
by bs010101
Mon Feb 10, 2020 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent credit application blocked by freeze - should I worry?
Replies: 22
Views: 1899

Fraudulent credit application blocked by freeze - should I worry?

I got a letter in the mail that a credit card application was denied because of a freeze on my credit. I did not apply for a credit card. I'm glad I have the freeze, as it prevented a fraudulent account from being opened. Do I need to take any other action to report the fraudulent attempt, or just l...
by bs010101
Mon Apr 30, 2018 10:35 pm
Forum: Personal Investments
Topic: Approximating total stock market
Replies: 8
Views: 1449

Re: Approximating total stock market

Thanks. I actually have a small tilt, so using the S&P 500 as a proxy for the total market would do the opposite. Given a baseline of 18% small, I'll try and figure out what my allocation should be to maintain the tilt.
by bs010101
Mon Apr 30, 2018 2:02 pm
Forum: Personal Investments
Topic: Approximating total stock market
Replies: 8
Views: 1449

Re: Approximating total stock market

Bingo! I see that my situation is exactly there, with 82/18 recommended. Thanks for the link. Interesting that those two funds show the same mid-cap allocation as total stock market, even though ostensibly mid-caps are excluded. To answer the other questions, I don't have extended. The only two US i...
by bs010101
Mon Apr 30, 2018 11:44 am
Forum: Personal Investments
Topic: Approximating total stock market
Replies: 8
Views: 1449

Approximating total stock market

I am thinking of rolling over an IRA with a big investment in vanguard total stock market to a 401K which has only vanguard 500 and vanguard small cap. Should I balance it out with a mid-cap fund elsewhere, or is the approximation close enough? Any recommendation for percentages to put in small cap ...
by bs010101
Sun Mar 04, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Form 8606 Line 2
Replies: 1
Views: 439

Question on Form 8606 Line 2

In 2017, I converted about $70K from a SEP-IRA to an i401K. Later, I made my first-ever contribution to a non-deductible IRA of $5500, and then converted that $5500 to a Roth IRA. Am I correct in thinking that Line 2 on Form 8606 should have 0 as the basis? Am I also correct in thinking that the $70...
by bs010101
Sun Jan 07, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Unique Credit Cards linked to Real Credit Card
Replies: 19
Views: 1563

Re: Unique Credit Cards linked to Real Credit Card

I just signed up for two services, token and privacy.com, both of which generate card numbers backed by a bank account. Token also supports credit cards. Too early to tell how well they work. Has anyone tried them?
by bs010101
Tue Aug 22, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 23443

Re: How far would you travel to see The Eclipse?

Drove about 1500 miles round trip. We were rewarded with perfectly clear skies outside Greenville, SC. Totally worth it!
by bs010101
Fri Aug 04, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 10648

Re: Are we house poor?

It looks like you got a late start on retirement but are saving very aggressively now. Not counting taxable or retirement, if you keep up your current pace of savings, you should have over $2 million in 20 years assuming a 7% rate of return (you didn't say how the money is invested so just guessing ...
by bs010101
Fri May 12, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can I open a spousal i401K just for a rollover?
Replies: 6
Views: 997

Re: Can I open a spousal i401K just for a rollover?

Can I open a spousal account in her i401K and roll over my IRA, even if we never contribute any other money to it? <snip> I do work for her business but am not paid. You can open it if you work there this year and get paid for working there . You don't have to get paid much, but it has to be someth...
by bs010101
Fri May 12, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can I open a spousal i401K just for a rollover?
Replies: 6
Views: 997

Can I open a spousal i401K just for a rollover?

I am planning to open an i401K for my wife who is self-employed and roll her SEP-IRA into that, which will allow her to do a backdoor Roth, as well as increase her contribution amount for retirement. I would also like to move my IRA (rolled over from a previous 401K before I knew about backdoor Roth...
by bs010101
Tue Mar 14, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads handle allowance?
Replies: 38
Views: 4473

Re: How do Bogleheads handle allowance?

We only give kids money that they earn - no allowance. Since our kids are young, they have star charts where they get stars as reinforcement for all manner of positive things. A full star chart (25 stars) gets them $3. Occasionally we give them money directly for things but the stars work because th...
by bs010101
Sun Jul 17, 2016 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Life Lease for condo
Replies: 9
Views: 1189

Re: Life Lease for condo

This doesn't sound like the same thing, but it reminded my of an article I read a long time ago:

http://www.nytimes.com/1995/12/29/world ... -heir.html
by bs010101
Wed Jul 13, 2016 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Any wealthy bogleheads NOT use credit cards??
Replies: 88
Views: 9736

Re: Any wealthy bogleheads NOT use credit cards??

I currently use one credit card but only used a debit card for two years while we were getting used to budgeting. I do have mixed feelings about it. I spend only from budget categories, set up autopay, and frequently pay down the balance earlier that the autopay date. So I'm not at risk for bad beha...
by bs010101
Fri Jul 08, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 73
Views: 10459

Re: How many "investment" accounts do you have?

My 401K, my wife's SEP-IRA, and my rollover IRA. College funds for each kid. Taxable account. Donor advised fund, if you count that. But taxable and all retirement accounts (except the active 401K) are at Vanguard, and the 401K is only invested in Vanguard funds, as are the college funds. The DAF is...
by bs010101
Fri Jul 08, 2016 12:26 pm
Forum: Personal Investments
Topic: Help Me Understand My Edward Jones Broker
Replies: 30
Views: 4385

Re: Help Me Understand My Edward Jones Broker

I have actually done that same analysis myself with the Growth Fund of America (not sure if that's the same as this one) vs. the S&P 500, and he is correct, if you compare investing a flat amount in the first year of the fund (which I believe was 1976) and the S&P 500. But a "telltale chart" analysi...
by bs010101
Thu Jul 07, 2016 10:04 am
Forum: Personal Finance (Not Investing)
Topic: What do I need to know about billing before a medical procedure?
Replies: 41
Views: 4518

Re: What do I need to know about billing before a medical procedure?

Amazingly the anesthesiologist and nurse anesthetist both said they didn't know anything about insurance. I guess money just magically shows up. The hospital did get pre-authorization and are in network, so the most I can do now is how for the best. Thanks for all the replies.
by bs010101
Wed Jul 06, 2016 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: What do I need to know about billing before a medical procedure?
Replies: 41
Views: 4518

Re: What do I need to know about billing before a medical procedure?

Grumble. A day before the procedure and no one knows who the anesthesiologist will be. Hopefully we will find out on the day of the procedure and ask if s/he is on the insurance, but what if they're not? Also I am told there can be multiple actors doing the anesthesia - residents, etc. Do they all b...
by bs010101
Tue Jul 05, 2016 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: What do I need to know about billing before a medical procedure?
Replies: 41
Views: 4518

Re: What do I need to know about billing before a medical procedure?

Keep asking. Keep smiling, but keep asking. And yes, you absolutely do want to check out the anesthesiologist, and also any nurse anesthetist who might be working (= actually providing anesthesia) under the anesthesiologist's supervision. Would they generally know who all the professionals will be ...
by bs010101
Tue Jul 05, 2016 8:03 pm
Forum: Personal Investments
Topic: newbie question about bonds!
Replies: 8
Views: 1002

Re: newbie question about bonds!

What is the difference between a bond fund and a bond index fund? Any mutual fund investing in bonds is a bond fund. A bond index fund would be one that tracks a bond index. Vanguard has many bond funds that are considered active funds but the costs are still very low - I imagine there is some tech...
by bs010101
Tue Jul 05, 2016 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: What do I need to know about billing before a medical procedure?
Replies: 41
Views: 4518

What do I need to know about billing before a medical procedure?

I read this thread with a lot of interest as we have a medical procedure in the family coming up. It is expected to be outpatient in a hospital. The other thread veered off topic and got locked - I'm hoping to keep this very actionable. What do I need to do beforehand to avoid surprise bills? Speak ...
by bs010101
Thu Jun 30, 2016 10:05 pm
Forum: Personal Investments
Topic: Need help with tax loss harvesting
Replies: 10
Views: 1079

Re: Need help with tax loss harvesting

Thanks for the links. The good news is that in the two days I spent trying to figure out how to TLH, $2000 of my $5500 loss disappeared! I guess people realized that a non-binding vote that might change something in two years doesn't actually lower the value of every company in the world. I should h...
by bs010101
Wed Jun 29, 2016 3:17 pm
Forum: Personal Investments
Topic: Need help with tax loss harvesting
Replies: 10
Views: 1079

Re: Need help with tax loss harvesting

Anyone?
by bs010101
Mon Jun 27, 2016 10:32 pm
Forum: Personal Investments
Topic: Need help with tax loss harvesting
Replies: 10
Views: 1079

Need help with tax loss harvesting

I am considering doing my first ever TLH with my brand new $5000 loss in VTIAX (total international). I also have VTIAX in my 401K. If I understand correctly, I need to avoid investing in VTIAX for 31 days after my TLH sale in my taxable account? Did I also need to have refrained from investing for ...
by bs010101
Thu May 26, 2016 11:11 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 10298

Re: What was your first investment?

Yes! Mine was in 1999 as well. I don't remember which stock was first but pretty sure it was sent to the glue factory within a year or two.
by bs010101
Mon May 16, 2016 4:37 pm
Forum: Personal Consumer Issues
Topic: Did I uncover a scam?
Replies: 34
Views: 5687

Re: Did I uncover a scam?

Ha... I thought you were going to say you saw someone at the dealership throwing rocks at cars :)
by bs010101
Thu May 12, 2016 10:58 pm
Forum: Personal Investments
Topic: How do Bogleheads invest their 529s?
Replies: 28
Views: 3352

Re: How do Bogleheads invest their 529s?

100% total stock market, but I'm not looking for it to cover all the costs (current target is about half the cost of state school), so if someone starts college in a down year, I'll just take the money from somewhere else. The bond portion goes to mortgage payments with the goal of paying it off aro...
by bs010101
Tue Apr 19, 2016 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off debt?
Replies: 9
Views: 1598

Re: Pay off debt?

Looks like the car payment is about $400/mo and the student loans about $780? So close to $1200/mo debt service. How about starting out by just selling enough to pay off the car, then redirect the $400 car payment to the loans? That should take you down to 5.5 years to pay off the loans, less if you...
by bs010101
Fri Apr 15, 2016 11:17 am
Forum: Investing - Theory, News & General
Topic: If wall street is rigged and corrupt , why invest in it?
Replies: 64
Views: 7684

Re: If wall street is rigged and corrupt , why invest in it?

The more eyes there are on something, the less opportunity there is for corruption. The amount of eyes on large, publicly traded companies in developed markets is very high. If someone calls you up and tries to sell you a customized complex security that no one has seen before, you should probably a...
by bs010101
Fri Apr 15, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: [Tax filing mistakes made by your CPA (or yourself)]
Replies: 69
Views: 7167

Re: No idea

How would I know? I never check. I sign and it gets filed. I'm curious - do others review their returns before filing? I skimmed mine this year and found an error several thousand dollars in our favor, which I asked the accountant to correct. I was left wondering if I shouldn't have looked. Of cour...
by bs010101
Tue Apr 12, 2016 9:04 pm
Forum: Personal Investments
Topic: How many financial accounts to maintain?
Replies: 30
Views: 4339

Re: How many financial accounts to maintain?

Multiple retirement accounts are unavoidable as his and hers can't be combined, and often you want to keep current 401(K) and rolled over IRA separate. But I also don't think it adds much complexity if you don't touch them often. We have three retirement accounts and the only complexity is my annual...
by bs010101
Sun Mar 27, 2016 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: The Urge to Splurge with Plastic NYT article
Replies: 30
Views: 4137

Re: The Urge to Splurge with Plastic NYT article

Part of the effect might actually be the simplicity of using the credit card. I always read things from Google and Apple about making it easier to pay for things - like being able to pay by texting or waving your phone instead of all the effort of taking out your card and swiping it. I bet once that...
by bs010101
Sun Mar 27, 2016 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: The Urge to Splurge with Plastic NYT article
Replies: 30
Views: 4137

Re: The Urge to Splurge with Plastic NYT article

I suppose I'm far from the typical consumer but these social studies don't make sense to me. If I'm willing to pay $50 for a Red Sox game, it doesn't matter to me the method in which I pay it. I equate the cost the same no matter what. I'm shocked that apparently educated people can't figure this o...
by bs010101
Sun Mar 27, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: The Urge to Splurge with Plastic NYT article
Replies: 30
Views: 4137

Re: The Urge to Splurge with Plastic NYT article

I suppose I'm far from the typical consumer but these social studies don't make sense to me. If I'm willing to pay $50 for a Red Sox game, it doesn't matter to me the method in which I pay it. I equate the cost the same no matter what. I'm shocked that apparently educated people can't figure this o...
by bs010101
Tue Mar 01, 2016 1:52 pm
Forum: Non-US Investing
Topic: US Expat Investing in Israel
Replies: 5
Views: 1487

Re: Investing in Israel

I realized from reading some other threads that this might be more complicated. The wiki only has two sentences about this, and things seem murky from reading other threads. Searching the wiki and online seems like at least Vanguard, Fidelity, and Schwab are no longer options for new accounts being ...
by bs010101
Tue Feb 16, 2016 12:20 am
Forum: Personal Finance (Not Investing)
Topic: How to save money and keep the house clean?
Replies: 48
Views: 8102

Re: How to save money and keep the house clean?

We were spending about $500 a year on pest control until we decided to cancel it. We got ants. But $500 will buy a lot of ant traps. Now the ants are gone and we still have about $490 left to spare.
by bs010101
Sat Feb 13, 2016 11:30 pm
Forum: Non-US Investing
Topic: Best way to move money internationally?
Replies: 24
Views: 3899

Re: Best way to move money internationally?

Thanks for all the replies! I used Charles Schwab quite often and did get a good exchange rate. There are wiring fees but it was always for larger sums. I recently signed up for a Schwab checking account for the no-foreign-transaction-fee debit card, but they told me they don't do international wire...
by bs010101
Fri Feb 12, 2016 11:13 am
Forum: Non-US Investing
Topic: Best way to move money internationally?
Replies: 24
Views: 3899

Re: Best way to move money internationally?

Looks like TransferWise does not support ILS transfers. Any other similar sites that people have used?

I will look into whether I can wire in USD and do the conversion in Israel.
by bs010101
Fri Feb 12, 2016 9:52 am
Forum: Non-US Investing
Topic: Best way to move money internationally?
Replies: 24
Views: 3899

Best way to move money internationally?

What is the best way to move money internationally? I am trying to get money from the US to Israel. Chase charges $45 plus a terrible conversion rate that came out to about 3.5% last time I did it. One alternative is asking someone to take an envelope of cash when they go. Are there any electronic o...
by bs010101
Fri Feb 05, 2016 1:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard looking for a CFO
Replies: 6
Views: 1987

Re: Vanguard looking for a CFO

They manage $3 trillion and don't have a CFO? How is that possible?
by bs010101
Mon Jan 18, 2016 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mint...working less, and less, and less
Replies: 42
Views: 9913

Re: Mint...working less, and less, and less

I had that problem already several years ago. I switched to Personal Capital and haven't had any such problems.
by bs010101
Sun Jan 17, 2016 10:35 am
Forum: Personal Investments
Topic: Any harm in a wash sale in a retirement account?
Replies: 2
Views: 520

Any harm in a wash sale in a retirement account?

My work plan is switching providers, and they are going from having Vanguard's total US but not total INTL to having total INTL but not total US. My wife has a SEP-IRA at Vanguard so all options are available there. So I basically want to replace total INTL with total US in her account, and replace ...
by bs010101
Tue Dec 29, 2015 10:08 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Bloomberg TV (12-29-15)
Replies: 20
Views: 2508

Re: Jack Bogle on Bloomberg TV (12-29-15)

I am unfortunate to sit near a TV with Bloomberg all day long, where they have to think of things to say every minute of every day. The interview is funny because they are not speaking the same language. Although Mr. Bogle does venture into some short-term predictions, his basic message is that it d...
by bs010101
Tue Dec 01, 2015 9:08 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg Article [Vanguard’s Gain Is Wall Street’s Pain]
Replies: 30
Views: 4093

Re: Bloomberg Article [Vanguard’s Gain Is Wall Street’s Pain]

By the way, I loved the following quote: "This $20 billion dent is only expected to grow larger. It took Vanguard 32 years to reach $1 trillion in assets, eight years to get to $2 trillion, but then just three years to get to $3 trillion. At this rate, Vanguard will be removing $40 billion in reven...
by bs010101
Fri Nov 20, 2015 11:52 am
Forum: Personal Investments
Topic: Are individual stocks really a bad idea?
Replies: 55
Views: 10531

Re: Are individual stocks really a bad idea?

This topic grabbed my attention, and as a relative newbie I probably shouldn't pass my opinion, but... cannot help it. One post struck me: I would bet serious money that Starbucks doesn't even exist in 40 years. Are you sure YOU are going to be around 40 years from now?? If not, than why do you eve...
by bs010101
Thu Nov 19, 2015 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom 10% cash back on Amazon, etc
Replies: 17
Views: 4754

Re: Chase Freedom 10% cash back on Amazon, etc

alpenglow wrote:Buy gift cards to use later.
Wow, that is a great idea! Just buy myself a $1500 Amazon gift card on Nov 23 and get $150 back?

(I never play credit card games and only have one credit card which is Chase Freedom but this seems pretty easy if I am understanding correctly.)