Search found 6812 matches

by bloom2708
Tue Nov 12, 2019 12:33 pm
Forum: Personal Investments
Topic: Roth IRA Portfolio Options
Replies: 2
Views: 46

Re: Roth IRA Portfolio Options

The "correct" answer may be none of the above. Roth IRA should be reserved for stock index funds. The exception would be you have no other space in workplace retirement or taxable for bonds. Do you have a workplace plan? (401k, 403b, 457, Thrift Savings Plan, i401k) If so, put bonds there. Our Roths...
by bloom2708
Tue Nov 12, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: Purchasing a used iPhone from Consumer Cellular?
Replies: 3
Views: 116

Re: Purchasing a used iPhone from Consumer Cellular?

I would compare an unlocked, mint iPhone of your choice from Swappa.com. You are likely fine getting it from CC. I wouldn't expect the best or worst price from them. It will be a Verizon version phone. If you buy unlocked you can maximize the value when done with it. I like to buy from Swappa and se...
by bloom2708
Tue Nov 12, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Roku - is the Express sufficient?
Replies: 23
Views: 722

Re: Roku - is the Express sufficient?

Consider the Fire TV Cube for your main/primary TV. (after your testing trial). Faster, more RAM, etc. TV power and Soundbar power. Volume control. Alexa can turn on/off your TV and soundbar. The sticks work fine, but they are not quite as fast/powerful. More $$ obviously. Alexa also controls the li...
by bloom2708
Mon Nov 11, 2019 9:58 pm
Forum: Personal Consumer Issues
Topic: Hi Def Audio listening
Replies: 22
Views: 1122

Re: Hi Def Audio listening

Rockville Blutube (Bluetooth tube receiver)
KEF Q150 speakers
Bowers & Wilkes Subwoofer
Apple Music subscription
iPhone XS Max to drive it.

Lower budget high fidelity.

I would like some higher end KEF speakers some day.
by bloom2708
Mon Nov 11, 2019 2:49 pm
Forum: Personal Investments
Topic: Advice needed for unusual financial situation
Replies: 12
Views: 1517

Re: Advice needed for unusual financial situation

Sorry for the predicament. How much emergency cash do you have? First off, you need enough cash to pay the bills until you find work. Maybe start with 3 months of expenses. What is the split between what your wife makes and what you make in the ~$78k income? Are all your investments in a tax-shelter...
by bloom2708
Mon Nov 11, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: Mobile finance apps - do you use them?
Replies: 22
Views: 939

Re: Mobile finance apps - do you use them?

I use all my financial apps/services on my phone (banks, credit cards, investment accounts, credit cards). I never use wi-fi on my phone. If somebody wants to chop off my thumb (fingerprint recognition) along with stealing my phone, it seems to be a lot of effort in order to get to my accounts :oop...
by bloom2708
Mon Nov 11, 2019 11:36 am
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 80
Views: 4458

Re: If you were forced to pick an alternative asset...

Focus internally. Health, wellness, fitness. Example: switch to a whole food, plant based lifestyle. Spend all your free energy on positive change for yourself. Whats the expected ROI on eating plants? Not focusing everything on money and not dying. Avoiding massive healthcare bills in 50s, 60s, 70s.
by bloom2708
Sat Nov 09, 2019 8:04 am
Forum: Personal Consumer Issues
Topic: Was I ripped off at the car dealership?
Replies: 73
Views: 6617

Re: Was I ripped off at the car dealership?

Do you have oil drips on your garage floor or where you regularly park?

$400. Not life ending. No reason to have so much angst.


Life is too short.
by bloom2708
Thu Nov 07, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any worth to an HSA if you have very strong health insurance?
Replies: 7
Views: 987

Re: Is there any worth to an HSA if you have very strong health insurance?

Your plan must be a HDHP (high deductible health plan) to qualify for HSA contributions.

The benefits are tax free in, tax free growth and tax free out if used for qualified medical expenses.

Another place to shelter $7k for a family.
by bloom2708
Thu Nov 07, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Lowering Roth IRA or 401k contributions first?
Replies: 7
Views: 340

Re: Lowering Roth IRA or 401k contributions first?

If just 1 year, I'd probably lower Roth contributions.

If you reduce pre-tax 401k down to the match (example), then you pay 29% more tax on those dollars. You end up with less money in your check.

Or reduce both by some. Roth has the best long term prospects, but more tax for short term.
by bloom2708
Thu Nov 07, 2019 10:39 am
Forum: Personal Consumer Issues
Topic: "Beer Money" Methods
Replies: 50
Views: 5879

Re: "Beer Money" Methods

Rakuten. Turn on the browser add-in. I use Chrome.

It notifies if you get cash back when you hit a site and make a purchase.

Bing Rewards is a good one. eBay bucks. I also find not drinking as much beer saves a lot of money and my health.
by bloom2708
Wed Nov 06, 2019 12:39 pm
Forum: Personal Investments
Topic: choosing between VTSAX and VTI
Replies: 17
Views: 1186

Re: choosing between VTSAX and VTI

It's an RMD. Waiting isn't allowed. The funds can sit in the settlement account (of the destination account) for as long as you need. There is no requirement on an RMD to re-invest or spend. Taking the RMD requires you to move the funds out of the IRA. Paper check or ACH to bank. You can then do wh...
by bloom2708
Wed Nov 06, 2019 10:42 am
Forum: Personal Investments
Topic: When to get in.
Replies: 21
Views: 2645

Re: When to get in.

TaxingAccount wrote:
Wed Nov 06, 2019 10:40 am
So you don't think the s&p 500 is going to 300?
It might go to 300. Will it stay at 300 or will it go back up after the next "big drop"?
by bloom2708
Tue Nov 05, 2019 10:12 pm
Forum: Personal Investments
Topic: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash
Replies: 38
Views: 2609

Re: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash

Did he sell last December when stocks were off 20%? Think of how many times just since 2009 that the bubble was bursting. The sky was falling. None of those calls of the top were correct. Most can't guess correctly once. Getting back in is even harder. I have a smart friend who never got back in aft...
by bloom2708
Tue Nov 05, 2019 9:50 pm
Forum: Personal Investments
Topic: Thoughts on investing small amounts in individual stocks and using the proceeds to buy those company's products?
Replies: 11
Views: 563

Re: Thoughts on investing small amounts in individual stocks and using the proceeds to buy those company's products?

Way back I bought Sirius Radio at $1 and sold it for just under $9 per share. I used some of the profit to buy a Lifetime Subscription to Sirius. Later the stock with down below 25 cents. I had no idea what I was doing, but I bought and sold many times. That pretty much ended my individual stock pur...
by bloom2708
Tue Nov 05, 2019 7:11 pm
Forum: Personal Investments
Topic: Vanguard suggesting I move to ETF's
Replies: 40
Views: 3633

Re: Vanguard suggesting I move to ETF's

ETF's use the brokerage system, not the mutual fund system. Vanguard wants to retire the mutual fund system and this helps get them there. People won't give up the split brokerage/mutual fund accounts. Think of the challenge to retire all mutual funds. :shock: I don't see that happening anytime soon.
by bloom2708
Tue Nov 05, 2019 6:24 pm
Forum: Personal Investments
Topic: Vanguard suggesting I move to ETF's
Replies: 40
Views: 3633

Re: Vanguard suggesting I move to ETF's

Perfect example of "don't just do something; stand there".

Stand pat.
by bloom2708
Tue Nov 05, 2019 6:03 pm
Forum: Investing - Theory, News & General
Topic: Dividend investing vs. index investing
Replies: 30
Views: 2167

Re: Dividend investing vs. index investing

Kind of like asking do you like fruit or apples?

:arrow:
by bloom2708
Tue Nov 05, 2019 3:19 pm
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 50
Views: 1993

Re: Roth 401K or Taxable

1. In plan conversion. You contribute post-tax. The plan converts post-tax dollars to Roth 401k. Dollars stay in the 401k. Not allowed in my plan 2. In plan rollover. Everything happens in 1, but they let you take the Roth 401k dollars out of your 401k and put them in your Roth IRA. Allowed only af...
by bloom2708
Tue Nov 05, 2019 3:08 pm
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 50
Views: 1993

Re: Roth 401K or Taxable

I'm trying to understand the benefits of excess (beyond $19k/yr) AFTER-TAX contributions into a 401K if you cannot do a mega backdoor Roth IRA. If I already paid taxes on those contributions and the gains (I assume) will be taxed on withdrawal, then what is the benefit, what am I missing? I still t...
by bloom2708
Tue Nov 05, 2019 2:58 pm
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 50
Views: 1993

Re: Roth 401K or Taxable

An update I checked and re-checked with Fidelity (my 401K admin), it seems like they are going away with in-plan Roth 401K rollovers of after-tax contributions anyway so that's out of the question. Regarding the program allowing after-tax contributions up to 50% of my salary, what is the point if t...
by bloom2708
Tue Nov 05, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Dumb Question [How to calculate total account value]
Replies: 9
Views: 986

Re: Vanguard Dumb Question [How to calculate total account value]

Were you putting new money in any months?

Put in $5k, take out $2k in dividends. Net +$3k.

Did you go look at the "Table view" in personal performance? It doesn't get much clearer than that view. It is a little Drop-Down selector.

The detail of every month since you joined Vanguard is in that view.
by bloom2708
Tue Nov 05, 2019 2:17 pm
Forum: Personal Investments
Topic: Asset allocation and retirement income
Replies: 7
Views: 511

Re: Asset allocation and retirement income

Note that OP has reversed the percentages from normal Boglehead format. He's talking about 30% equity/70% bond. Yes, I see that now. Thanks for pointing out. Many with pensions feel they can take more risk because of the pensions (which may be correct for some). 30/70 seems a bit too conservative. ...
by bloom2708
Tue Nov 05, 2019 2:08 pm
Forum: Personal Consumer Issues
Topic: Vent Cleaning
Replies: 4
Views: 722

Re: Vent Cleaning

That looks like a filter. Can you just take it out and wash it off in the sink? No idea what the vents look like behind. In an apartment, cleaning vents and ducts might be difficult. Ducts is the system of pipes through the walls of the building. Duct cleaning may be a challenge based on layout. Do ...
by bloom2708
Tue Nov 05, 2019 2:02 pm
Forum: Personal Investments
Topic: Asset allocation and retirement income
Replies: 7
Views: 511

Re: Asset allocation and retirement income

Welcome! 70/30 seems quite risky in retirement. See that bond/stock not stock/bond. :oops: Even with the nice pensions. I would probably do 50-50 or 60-40 max. The biggest risk is this first year or 2. Because taxable money is pretty flexible for spending, I probably wouldn't want 100% stocks in tax...
by bloom2708
Tue Nov 05, 2019 1:53 pm
Forum: Personal Investments
Topic: When to get in.
Replies: 21
Views: 2645

Re: When to get in.

Today is the best day to re-arrange inside the 401k. The market is setting new highs many times per year. We believe that 20 years from now, these numbers will not be "high". You have no gains or losses to deal with inside the 401ks. (or Roth IRA or Traditional IRA). You may want to look at your ove...
by bloom2708
Tue Nov 05, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Dumb Question [How to calculate total account value]
Replies: 9
Views: 986

Re: Vanguard Dumb Question

Go to Personal Performance and then View the Table.

It should all be summarized for each period. Ins/outs/gains/losses/income.

Are the dividends being sent out to your checking account for spending or going to another account at Vanguard (Like Roth IRA)?
by bloom2708
Tue Nov 05, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 7% 403b loan or 3.74% car loan first?
Replies: 38
Views: 2029

Re: Pay down 7% 403b loan or 3.74% car loan first?

Easy. Stop contributing to 403b, Roth, Taxable.

Pay off both loans. Everything goes to them. Both need to go.

Restart retirement savings after both are paid off.
by bloom2708
Tue Nov 05, 2019 10:13 am
Forum: Personal Consumer Issues
Topic: Verizon or AT&T for mobile phone service
Replies: 6
Views: 474

Re: Verizon or AT&T for mobile phone service

How many lines? How much data? Cricket Wireless, Total Wireless, Visible may all be good options. Red Pocket (choose your carrier) might also be a good option. Some are better than others for 1 line vs 4 or 5 lines in a family. I prefer GSM AT&T over Verizon CDMA. They both have very good coverage, ...
by bloom2708
Tue Nov 05, 2019 9:49 am
Forum: Personal Consumer Issues
Topic: Stinky Front Loader (Washer)
Replies: 39
Views: 2285

Re: Stinky Front Loader (Washer)

We switched to Tide powder. Leave the door open until dry.

Smell gone. We had some issues with liquid detergent. Researched. Made the change to powder. Solved.

Pick your powder.
by bloom2708
Mon Nov 04, 2019 5:45 pm
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 51
Views: 3663

Re: Wife's car hit in a parking lot - how to deal with various issues?

Was the A pillar pushed in? A $5,000 quote means "we don't want to work on this". I had a similar accident for a kids car. I bought a used door on eBay that was the same color. I found a quality shop that would accept the part. They pulled out the A pillar and installed the new door for $600. The do...
by bloom2708
Mon Nov 04, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford upgrading to a new condo
Replies: 8
Views: 1164

Re: Can I afford upgrading to a new condo

Don't upgrade if you want to retire in 10 years. Not compatible.

Buying too much house/condo is a sure fire way to derail finances.
by bloom2708
Mon Nov 04, 2019 9:45 am
Forum: Personal Consumer Issues
Topic: New Samsung Galaxy S9 (ebay Price VS BestBuy Price) ?
Replies: 9
Views: 508

Re: New Samsung Galaxy S9 (ebay Price VS BestBuy Price) ?

There are 19 Mint or Good condition S9 for sale on Swappa.com right now that are unlocked.

https://swappa.com/mobile/buy/samsung-g ... ition=good

$269 and up. I would buy from Swappa before other options. Send it back if it is not as described.
by bloom2708
Mon Nov 04, 2019 9:29 am
Forum: Personal Consumer Issues
Topic: [Upgrading from an AT&T iPhone 6]
Replies: 15
Views: 746

Re: [Upgrading from an AT&T iPhone 6]

Buy a Mint XS or XS Max from Swappa. Save some $ over the new 11 Pro/11 Pro Max. Here is an example: $649 https://swappa.com/listing/view/LRSI97954 My XS Max battery lasts 2 days. I'm usually at 25% at the end of day 2. Beautiful OLED screen. Just a little bigger than the XS/11 Pro. That little bit ...
by bloom2708
Fri Nov 01, 2019 3:29 pm
Forum: Personal Consumer Issues
Topic: Where can I find iphone deals/discounts?
Replies: 22
Views: 2225

Re: Where can I find iphone deals/discounts?

iPhone 7 will be fine for a year or 2. It will be in the next groups of phones to drop support. 3 years old already being released in Sept 2016. You got the phone cheap. Changing your number seems like an odd requirement. You couldn't port your old number in? I can't believe how much is tied to your...
by bloom2708
Fri Nov 01, 2019 2:53 pm
Forum: Personal Investments
Topic: Roth IRA question
Replies: 15
Views: 999

Re: Roth IRA question

Target Retirement 2060 is a good fund. No reason to change at this point. Saving more beats return when you are starting out. No reason to feel behind at 26. Chop on those student loans and start saving. Do you have a workplace retirement plan? 401k/403b/457/Thrift Savings Plan? The best way to save...
by bloom2708
Fri Nov 01, 2019 11:45 am
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 50
Views: 1993

Re: Roth 401K or Taxable

So, if there is little lag to the after tax conversion I could then do a mega backdoor at some point in the future without any big tax consequences? The conversion from post-tax to Roth 401k IS the "mega back door". Whether immediate, quarterly or an annual conversion. That is the benefit. When you...
by bloom2708
Fri Nov 01, 2019 10:35 am
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 50
Views: 1993

Re: Roth 401K or Taxable

After tax 401k seems better as you can take your contributions anytime w/o paying tax. There are NOT age limitations to take contributions out of a Roth 401K? I think you mentioned that you can take converted 401k money to Roth ira after 2 years. You can take out those contributions that goes to yo...
by bloom2708
Fri Nov 01, 2019 10:28 am
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 50
Views: 1993

Re: Roth 401K or Taxable

I am actually considering pairing down our taxable account in 2020. My wife is not working and our marginal tax rates are lower than they may ever be. Sell $50k of taxable (over some period) with minimal gains, put it in my checking account (replace some paycheck). Max pre-tax 401k and stuff as much...
by bloom2708
Fri Nov 01, 2019 10:06 am
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 50
Views: 1993

Re: Roth 401K or Taxable

Regarding your 50/50 idea, and a max $ amount on taxable. Right now I have about 5-6 years of expenses on taxable increasing by about a year of expenses every year, does that sounds reasonable? That seems adequate. You can do any mix between taxable and mega back door Roth that you see fit. Those e...
by bloom2708
Fri Nov 01, 2019 10:02 am
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 50
Views: 1993

Re: Roth 401K or Taxable

The good or bad thing about a taxable dollar in your arsenal is you can spend it now. Sure, there are some short/long tax implications. Save up some "spend anytime" taxable dollars. For long term, retirement dollars, where you have to pay tax up front, post-tax, Roth 401k fits the purpose better. Fo...
by bloom2708
Fri Nov 01, 2019 9:31 am
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 50
Views: 1993

Re: Roth 401K or Taxable

A mega back door Roth 401k dollar > taxable dollar. All the dividends and gains over the next 20, 30, 40 years of a Roth 401k dollar are tax free. A taxable dollar has cap gains tax and dividends are taxed. A Roth 401k dollar can eventually be rolled to your Roth IRA. How about do 50-50? Or get to a...
by bloom2708
Fri Nov 01, 2019 6:15 am
Forum: Personal Finance (Not Investing)
Topic: [Have no mortgage, sell or rent the house?]
Replies: 4
Views: 336

Re: [Have no mortgage, sell or rent the house?]

I would use $3,500 per month in rent as a floor. 1% is another starting point. Can you expect that or more in rent? Do you want to be a landlord/small business owner? If you are inexperienced and are asking the answer is usually sell and invest in low cost index funds at your desired mix of stocks a...
by bloom2708
Thu Oct 31, 2019 6:46 pm
Forum: Personal Consumer Issues
Topic: Halloween Candy - Favorites; Throw it in the Bag
Replies: 61
Views: 3226

Re: Halloween Candy - Favorites; Throw it in the Bag

I am handing out full sized snickers, Twix, Milky Way, plain and peanut m&ms.

Costco bought. Bad for teef, kids like.
by bloom2708
Thu Oct 31, 2019 11:24 am
Forum: Personal Investments
Topic: opinion, IA upset moving assets to Vanguard
Replies: 26
Views: 1931

Re: opinion, IA upset moving assets to Vanguard

The hard part is done. He knows. You know. March forward. Thank him for the years of support. You want to do it yourself. This is not new to the industry. I would not meet again. You don't need anymore guilt trips or other options. Email. Move everything in kind/as is. Once cleared into Vanguard and...
by bloom2708
Thu Oct 31, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12418

Re: Possible Layoff: Need Assurance That We Will Be Okay

I would just rent if you end up somewhere. Don't rush and buy a house just because you can. It anchors you down. Stay flexible. At least until "new normal" takes hold. You will be completely fine. What if you cruise along for 5 years. Can you find A job? Certainly. There are jobs everywhere. Maybe n...
by bloom2708
Wed Oct 30, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance $120k student loans before or after marriage?
Replies: 32
Views: 1850

Re: Refinance $120k student loans before or after marriage?

$900k savings.

How much in retirement investments?

Don’t rush to buy a house. Transaction costs are killers at those prices. Get married. Pay off debts. Save more. Figure out what you like. I would wait one year. Get a better idea what you want.
by bloom2708
Wed Oct 30, 2019 2:51 pm
Forum: Personal Investments
Topic: What is the rule of thumb for Roth 401K viability based on estimated total amounts in tax deferred at retirement?
Replies: 14
Views: 636

Re: What is the rule of thumb for Roth 401K viability based on estimated total amounts in tax deferred at retirement?

We put in $19k in pre-tax and the match is $9,500 pre-tax. Pretty decent. I'll never get to $3 million in my 401k. You would if you did so for 42 years and got 4%/yr return. Or 37 years at 5%, etc. :) I started investing in 1992. The limit was $8,728 in 1992. My salary was $21k. :oops: Let's say I ...
by bloom2708
Wed Oct 30, 2019 2:36 pm
Forum: Personal Investments
Topic: What is the rule of thumb for Roth 401K viability based on estimated total amounts in tax deferred at retirement?
Replies: 14
Views: 636

Re: What is the rule of thumb for Roth 401K viability based on estimated total amounts in tax deferred at retirement?

How would one get to $3, 4, 5 million in pre-tax 401k and Traditional IRA? Does that assume profit sharing contributions from an employer? Double/triple match dollars? Self-employed so both the employer/employee contributes? Company stock inside the 401k and the stock blows up? We put in $19k in pre...
by bloom2708
Wed Oct 30, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: Ford Expedition - possible lemon claim and what to do?
Replies: 32
Views: 1751

Re: Ford Expedition - possible lemon claim and what to do?

I would let the process play out. You will most likely get a new transmission. It will continue to have the full drive train warranty. Our Ford dealer is booked out 3+ weeks, so I understand the difficulties getting it in and fixed. No fun. Other than gas, the loaner is like free miles. Drive it as ...