Search found 384 matches

by carofe
Wed Jul 29, 2020 1:51 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

Found it! I saw that it said that I had two children over 16, which is the opposite (it asked earlier if I had children under 17). I went and realized I was missing the Tax Credit part for kids entirely. Good. :oops:
by carofe
Wed Jul 29, 2020 1:46 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

If you did not submit a 2020 W-4 and your withholding is projected to be the same, any issue must be unrelated to the “new W-4.”. The most likely issue is that you are eligible for a deduction or credit that did not get captured by the IRS tool. Yeah, it must be something like that. The good news i...
by carofe
Wed Jul 29, 2020 1:17 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

Thank you all, at the end it seems that the IRS calculator isn't that good (or intuitive?). The turbotax seems to be a lot better.
by carofe
Wed Jul 29, 2020 1:16 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

By the way, the reason I looked at the w-4 was because my wife, who doesn't work, accepted an offer to be a substitute teachers, which we expect will add less than $200 a month income starting next month. There will be no withholding from this salary because it is so low. However, if you are in the...
by carofe
Wed Jul 29, 2020 1:08 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

If you did not submit a 2020 W-4 and your withholding is projected to be the same, any issue must be unrelated to the “new W-4.”. The most likely issue is that you are eligible for a deduction or credit that did not get captured by the IRS tool. Yeah, it must be something like that. The good news i...
by carofe
Wed Jul 29, 2020 1:05 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

So using the IRS Calculator https://apps.irs.gov/app/tax-withholding-estimator, it says that I will owe next year around $2800 dollars to the Federal Gov't because my company is withholding too little. At the end of that tool there are two lines: Expected tax withholding Anticipated tax obligation ...
by carofe
Wed Jul 29, 2020 12:39 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

By the way, the reason I looked at the w-4 was because my wife, who doesn't work, accepted an offer to be a substitute teachers, which we expect will add less than $200 a month income starting next month.
by carofe
Wed Jul 29, 2020 12:37 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

So using the IRS Calculator https://apps.irs.gov/app/tax-withholding-estimator, it says that I will owe next year around $2800 dollars to the Federal Gov't because my company is withholding too little. At the end of that tool there are two lines: Expected tax withholding Anticipated tax obligation ...
by carofe
Wed Jul 29, 2020 12:31 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

The 2020 W4 form has a worksheet to calculate your withholding. It's on another page, so you might not have it if you just have a copy of the first page. If you Google "w4 2020", the first result will be a link to the PDF on the IRS site. You're allowed to put amounts to either increase or decrease...
by carofe
Wed Jul 29, 2020 12:25 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

The w-4 did in fact change this year, and the tax tables used to calculate withholdings changed with it. That may be whats getting you, but I question the accuracy of the irs calculator. Last year near year end i used it and it gave me a similar result...I ended up with a big refund instead. I coul...
by carofe
Wed Jul 29, 2020 12:23 pm
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

Re: New 2020 W-4 increases your taxes?

DaftInvestor wrote: Wed Jul 29, 2020 11:44 am if nothing changed why are you refiling a W4? Job change?
No changes.
by carofe
Wed Jul 29, 2020 11:35 am
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1052

New 2020 W-4 increases your taxes?

Hi, I have tried to keep my taxes withholding even with the federal gov't successfully for the last few years. Last year, the W-4 said I had an allowance of 10, and when I filed taxes I was very even with the IRS. The W-4 this year has changed significantly, there is no allowance number to calculate...
by carofe
Tue Mar 17, 2020 11:15 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20082
Views: 2746628

Re: U.S. stocks in free fall

The SP500 is down YTD 25%, but still the P/E is high: 17. 17.95 according to Shiller's site . Why do you say that that is 'high'? Compared to what? Shiller reports the mean to be 15.78. The current PE is only 14% above that. Indeed. And relative to more recent ranges I would say 18 is a good deal; ...
by carofe
Mon Mar 16, 2020 10:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20082
Views: 2746628

Re: U.S. stocks in free fall

The SP500 is down YTD 25%, but still the P/E is high: 17. It is true that the value of stocks are going down but man it was very inflated already, reflecting exaggerated optimism. A couple of years ago, I decided to go conservative with my AA just because of that.
by carofe
Sun Mar 15, 2020 1:19 am
Forum: Personal Consumer Issues
Topic: Anybody here go all-Linux for personal computing?
Replies: 116
Views: 9173

Re: Anybody here go all-Linux for personal computing?

I am glad to see so many people on Linux. It didn’t use to be like that in the early 2000. There used to be lots of issues with drivers and so many proprietary solutions. Now things are much better. I tried many distros over the years but the ones I actually settled were gentoo, then debian, and the...
by carofe
Sat Mar 14, 2020 10:42 am
Forum: Personal Investments
Topic: Help with Rebalancing during Volatility
Replies: 1
Views: 206

Help with Rebalancing during Volatility

Hi Folks, My Portfolio had a drift of 3%+, so I went ahead and rebalanced. I setup my Investment Plan a while ago to rebalance once a year if the drift is 3%. I haven't rebalanced in more than 12 months. However, it got me thinking. If the purpose of rebalancing in the bonds -> stocks scenario is ab...
by carofe
Fri Feb 28, 2020 11:14 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20082
Views: 2746628

Re: U.S. stocks in free fall

The time has come.
I don't if I should rebalance or wait.
by carofe
Mon Mar 18, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: Visiting Tucson, AZ for 3 days - what to see?
Replies: 46
Views: 2207

Re: Visiting Tucson, AZ for 3 days - what to see?

I live outside Tucson and concur with many of the recommendations, but not visiting Phoenix or Sedona unless you have a week. I've also never had a cracked windshield due to the lousy streets or seen a dust storm in Tucson like they get up in Phoenix. Suggestions: Arizona-Sonora Desert museum Sabin...
by carofe
Thu Mar 14, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Yet Another Cash vs Card Thread, Article from 2018
Replies: 4
Views: 710

Yet Another Cash vs Card Thread, Article from 2018

Article from 2018: https://www.valuepenguin.com/credit-cards/credit-card-spending-studies I noticed something interesting that they said about their analysis of that report that says that there was no difference: Of the studies that we surveyed, all but one reported increased spending when credit ca...
by carofe
Sat Mar 09, 2019 10:33 am
Forum: Personal Investments
Topic: Oppenheimer???? Stay out of this or help???
Replies: 29
Views: 2666

Re: Oppenheimer???? Stay out of this or help???

If I were those elders, I would highly appreciate the advise and guidance that somebody like you is giving me, because I can see that there is no gain for you in you advice and it is cost minded. If I were you I would help them, even to move the money to vanguard and even manage it for them. You are...
by carofe
Sun Mar 03, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Wow, my paycheck is now at 2015 levels after the "tax cut"
Replies: 19
Views: 3285

Re: Wow, my paycheck is now at 2015 levels after the "tax cut"

I can’t find a reference right now but I think existing mortgage between 750k and 1million before the tax reform are grandfathered in: you can still deduct the interest.
by carofe
Thu Feb 28, 2019 6:09 pm
Forum: Personal Consumer Issues
Topic: [WSJ] Chinese Shares Gain Global Sway Thanks to Index Firm’s Move
Replies: 2
Views: 243

[WSJ] Chinese Shares Gain Global Sway Thanks to Index Firm’s Move

Another interesting article about the effect of Index firms decisions:

MSCI is quadrupling the contribution of stocks listed in Shanghai and Shenzhen in a key index

https://www.wsj.com/articles/chinese-sh ... _lead_pos4
by carofe
Tue Feb 26, 2019 8:44 am
Forum: Personal Investments
Topic: Theory: NOW is the Best Time for Total World Stock
Replies: 159
Views: 24734

Re: Theory: NOW is the Best Time for Total World Stock

I would add (in addition to your logic) that the dollar is and has been very strong in relation to most currencies in both Europe and Asia which have depressed international returns for US investors in dollar denominated currency. An example of this (I believe from memory but I can look it up) was ...
by carofe
Tue Feb 26, 2019 12:06 am
Forum: Personal Consumer Issues
Topic: Mortgages from the bubble-era
Replies: 2
Views: 737

Re: Mortgages from the bubble-era

The analysis in that article is not very good. Subprime securitized loans are only "dangerous," in the words of the article, if they are thought to be worth more than they actually are. When these loans were new, people thought they were worth face value (otherwise they would not have issued them)....
by carofe
Fri Feb 22, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Question about career change into software development
Replies: 9
Views: 603

Re: Question about career change into software development

I own a small tech business. In my area the conventional wisdom is that code school graduates are flooding the market, and maybe a third of them are really ready to join the industry. I agree with this as well. The boot camps are flooding the market. If he really wants to be marketable and have a d...
by carofe
Thu Feb 14, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 2037

Re: Credit Card in Auto-pay affecting Credit Score

Yup, my score went from 770 up to 789 after paying off the credit card regularly to keep the balance low.
by carofe
Mon Jan 28, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 2037

Re: Credit Card in Auto-pay affecting Credit Score

Thank you all. I'll put a reminder to pay the bill before the statement is generated.
by carofe
Mon Jan 28, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 2037

Re: Credit Card in Auto-pay affecting Credit Score

I have only two credit cards, and both have fairly high balances on them. Still, my credit score that my credit union shows is over 800. Perhaps it's not the balance that's driving your score? Sometimes, just the number of cards you have can influence the score, as well as how many credit inquiries...
by carofe
Mon Jan 28, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 2037

Re: Credit Card in Auto-pay affecting Credit Score

I'm going to start keeping the balance low by making manual payments, especially when close to the bill cut. I'm planning to apply for a mortgage pre-qual in April to start shopping for a house.
by carofe
Mon Jan 28, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 2037

Re: Credit Card in Auto-pay affecting Credit Score

Remember that paying your statement balance in full is not going to drive your balance to zero as long as you are using your card continuously. The charges you made after the statement was cut are still part of your balance even if they report your balance on the day your auto-pay goes through. You...
by carofe
Mon Jan 28, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 2037

Re: Credit Card in Auto-pay affecting Credit Score

I currently have my Chase Credit card in auto-pay. It has been like that for a really long time. As result, there is always some "balance" in the card but really the statement balance is payed off completely every month. I have been monitoring my Credit Score on Credit.com and I noticed that during...
by carofe
Mon Jan 28, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 2037

Re: Credit Card in Auto-pay affecting Credit Score

If you really want to increase your credit score and believe that a balance showing is reducing the score, pay it off early, before the due date. You'll want to pay it before it reports to the credit agencies. So if it's due on the 30th, maybe pay it on the 15th and if you make a big purchase, put ...
by carofe
Mon Jan 28, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 2037

Re: Credit Card in Auto-pay affecting Credit Score

According to credit.com, my debt ratio is A-, and the estimate they have is 768. According to Chase.com, the estimate is 770, but when I run the simulator, they say that if I eliminate the balance on my credit card my score remains the same :shock:.
by carofe
Mon Jan 28, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 2037

Credit Card in Auto-pay affecting Credit Score

I currently have my Chase Credit card in auto-pay. It has been like that for a really long time. As result, there is always some "balance" in the card but really the statement balance is payed off completely every month. I have been monitoring my Credit Score on Credit.com and I noticed that during ...
by carofe
Thu Jan 17, 2019 11:13 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 61336

Re: John Bogle has died at age 89

Condolences to his family. He was a great man, I'm thankful for all his work and legacy for the individual investor.
by carofe
Wed Oct 24, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20082
Views: 2746628

Re: U.S. stocks in freefall

I believe that another factor is ruthless cost cutting. Also profit margins are at or near all-time highs. The low hanging fruit has been plucked. The easiest way to grow earnings is to merge with another company and fire redundant employees. As the pointy haired boss in the Dilbert cartoon famousl...
by carofe
Wed Oct 24, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20082
Views: 2746628

Re: U.S. stocks in freefall

I believe that another factor is ruthless cost cutting. Also profit margins are at or near all-time highs. The low hanging fruit has been plucked. The easiest way to grow earnings is to merge with another company and fire redundant employees. As the pointy haired boss in the Dilbert cartoon famousl...
by carofe
Tue Oct 23, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20082
Views: 2746628

Re: U.S. stocks in freefall

I think the real "bad news" is that China is having the perfect storm, slowing down economy with trade tension from US. The trade war are not causing the slowdown but a combination of factors including the trade war. There is nothing Trump can do to stop it. If China gets into a recession period, th...
by carofe
Tue Oct 23, 2018 8:16 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20082
Views: 2746628

Re: U.S. stocks in freefall

Some light reading on Tactical Asset Allocation by our friends @ Vanguard https://personal.vanguard.com/pdf/flgtaa.pdf "Tactical asset allocation (TAA) is a dynamic strategy that actively adjusts a portfolio’s strategic asset allocation (SAA) based on short-term market forecasts.Its objective is to...
by carofe
Wed Oct 17, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 315
Views: 20737

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

Perhaps someone will clarify: I seem to be in a minority around here in that I do hold international stocks but I am also skeptical/unconvinced that it is going to better help me achieve my goals. I do not see myself removing this allocation but I also am not overly enthusiastic about having it, ei...
by carofe
Wed Oct 17, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 315
Views: 20737

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

All I can say about this argument is the majority of folks who support U.S. centric only investments are: 1. U.S. raised and 2. Old (80+). Sorry but this thought process is nearly (if ever) recommended by anyone outside of those 2 characteristics. It just proves that no matter how intelligent and i...
by carofe
Thu Oct 11, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20082
Views: 2746628

Re: U.S. stocks in freefall

Anyone have a hypothesis as to what in the world is causing the drop this week? One word answer: "fear" I'm hoping for continued "fear" through December so that my Roth conversions on Jan 2 will be at discount rates. I wouldn't necessarily call this a drop. "Heavy noise" would be more like it.... 8...
by carofe
Thu Oct 11, 2018 2:07 pm
Forum: Personal Investments
Topic: Very Basic Asset Allocation Help Needed
Replies: 8
Views: 611

Re: Very Basic Asset Allocation Help Needed

You should probably replace the stable fund with the bond index fund to get better return and still low volatility.
by carofe
Thu Oct 11, 2018 11:12 am
Forum: Personal Investments
Topic: Very Basic Asset Allocation Help Needed
Replies: 8
Views: 611

Re: Very Basic Asset Allocation Help Needed

You have 52% Bonds (assuming the Stable Fund is a Bond Fund) and 48% in Stocks. I think it doesn't look bad at all. If I were you I would probably go 55% Stock/ 45% Bonds and put all my stocks in SP500 to make it even simpler, but it won't make much difference. You are retiring in 5years. There are ...
by carofe
Thu Oct 11, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20082
Views: 2746628

Re: U.S. stocks in freefall

I can't believe the PE10 is going any higher. The Earnings will need to grow like weed, or the Price will go down. Speculation can't hold forever. Maybe all those predictions that the coming decade was going to be bumpy with low Net Return are starting to look more real. Anyways, for the first time ...
by carofe
Wed Oct 10, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20082
Views: 2746628

Re: U.S. stocks in freefall

The Vanguard Value Index weighted average P/E is 16, and the Vanguard Growth Index weighted average P/E is 26.

That's a pretty descent difference, time to buy value?
by carofe
Fri Oct 05, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Jack Bogle’s Bogleheads Keep Investing Simple. You Should Too.
Replies: 12
Views: 2006

Re: WSJ: Jack Bogle’s Bogleheads Keep Investing Simple. You Should Too.

Nice article. I read it and came here to see if somebody posted it.
by carofe
Tue Sep 25, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: DIYers Taking a Toll
Replies: 50
Views: 6847

Re: DIYers Taking a Toll

You said your son is a wealth manager, not a active mutual fund manager. So he is advising his clients holistically, maybe even guiding them to index funds. So the comparison here is not active vs passive funds, it’s having an advisor vs DIY. Let’s try to be charitable in interpreting what he said....
by carofe
Fri Sep 21, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697161

Re: U.S. stocks continue to soar!

I seem to be missing whatever gene causes people to enjoy seeing their international equity holdings performing poorly. LOL. Quoting WSJ newsletter: What’s problematic, however, is that companies in the Russell 1000 Growth index without steady profits have returned 18% in 2018 through August, compa...