Search found 7197 matches

by Earl Lemongrab
Mon Jun 24, 2019 11:45 pm
Forum: Forum Issues and Administration
Topic: Extremely Short 'Stay Logged In' Time
Replies: 39
Views: 6575

Re: Extremely Short 'Stay Logged In' Time

hmm, 2 years of posts about being auto-logged out, sure seems like a 'feature not a bug' to me. maybe this could be a 'pinned' post BH seems to be the only non-banking site that I experience doing this , no matter what browser nor settings. How about an option to change it to 6 hours or something :...
by Earl Lemongrab
Mon Jun 24, 2019 11:41 pm
Forum: Personal Investments
Topic: 401(k) Rollover Options Advice
Replies: 9
Views: 466

Re: 401(k) Rollover Options Advice

My point is that, IN THE YEAR the conversion took place, the $5700 is double taxed. No. It's not the same money. It's like you poured a cup of milk into a gallon of water, mixed it around, then poured out a cup of the mixture. It's not a cup milk of anymore, and thinking of it as a cup of milk only...
by Earl Lemongrab
Mon Jun 24, 2019 2:07 pm
Forum: Personal Investments
Topic: After Tax 401(k) Rollover
Replies: 12
Views: 767

Re: After Tax 401(k) Rollover

So I guess my confusion was that converting to a Roth IRA was considered a rollover, which it's not. A rollover IS a non-taxable event, but conversion to a Roth IRA is a distribution. Wrong. A conversion is a rollover. That applies whether it's from a qualified plan to a Roth, or from TIRA to a Rot...
by Earl Lemongrab
Mon Jun 24, 2019 1:56 pm
Forum: Personal Investments
Topic: Reverse Rollover IRA to 401K Question
Replies: 7
Views: 276

Re: Reverse Rollover IRA to 401K Question

Depending on plan rules, you might be able to roll it back out before you leave. The only contributions restricted by law are employee pretax or Roth contributions. Anything else is eligible to be distributed at the plan's discretion . MegaCorp allows distribution of rollover contributions at any ti...
by Earl Lemongrab
Mon Jun 24, 2019 1:49 pm
Forum: Personal Investments
Topic: Moving from multiple accounts to Merrill Edge or Premium?
Replies: 12
Views: 787

Re: Moving from multiple accounts to Merrill Edge or Premium?

Not sure why people are talking about management. The OP didn't mention it. Merrill Edge is a discount brokerage and it is perfectly set up for DIY investing. I have a lot of my assets there. I have generated thousands in bonuses from them. The OP is already set up for Preferred Rewards, so no probl...
by Earl Lemongrab
Mon Jun 24, 2019 1:46 pm
Forum: Personal Investments
Topic: 401(k) Rollover Options Advice
Replies: 9
Views: 466

Re: 401(k) Rollover Options Advice

Umm, no. No double taxation. Just taxation at a high tax rate on a portion of each conversion. That does usually make backdoor Roth not advantageous. Umm, Earl, if let us say the poster converted $6000 from non-deductible to Roth, and this constitutes 5% of the total tIRA amount: the $6k was contri...
by Earl Lemongrab
Mon Jun 24, 2019 12:29 pm
Forum: Personal Investments
Topic: 401(k) Rollover Options Advice
Replies: 9
Views: 466

Re: 401(k) Rollover Options Advice

If you are in the 35% tax bracket, you are beyond the phase out limits for direct contributions to Roth IRA, so you need to resort to Backdoor Roth. If you roll the old 401k to a Rollover IRA, you will get caught by the prorata rule, which effectively will tax that IRA contribution twice. In other ...
by Earl Lemongrab
Sun Jun 23, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Personal liability umbrella: how much coverage?
Replies: 9
Views: 1195

Re: Personal liability umbrella: how much coverage?

Personally I think that's too much coverage. Is your home equity at risk? This varies by state. Amounts in 401(k)s are protected from judgments and bankruptcy.

The rule of thumb about coverage equal to assets has no real basis.
by Earl Lemongrab
Sun Jun 23, 2019 3:29 pm
Forum: Personal Consumer Issues
Topic: How do you approach tipping at carry-out restaurants
Replies: 111
Views: 7130

Re: How do you approach tipping at carry-out restaurants

Another one of these threads? Put tip carry out into the Google search box and get a dozen past threads on the exact topic. Same basic replies.
by Earl Lemongrab
Sat Jun 22, 2019 2:53 pm
Forum: Personal Consumer Issues
Topic: Tree stump, can't use a stump grinder. Solution?
Replies: 64
Views: 5352

Re: Tree stump, can't use a stump grinder. Solution?

tibbitts wrote:
Sat Jun 22, 2019 1:44 pm
Did we ever find out why a small stump grinder can't be used?
As the OP has never responded, no. If people can't be bothered to read and follow-up, I can't see any reason to put forth any effort to help.
by Earl Lemongrab
Sat Jun 22, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Amended returns - overpaid LT cap gains
Replies: 5
Views: 293

Re: Amended returns - overpaid LT cap gains

Don't forget that qualified dividends use that same 0% tax space. As mentioned, if they went through the various worksheets for the forms, all that should be calculated correctly.
by Earl Lemongrab
Fri Jun 21, 2019 5:52 pm
Forum: Personal Investments
Topic: Question on Capital Gains Tax vs Income Tax - does it matter if I cash out now or in retirement?
Replies: 11
Views: 686

Re: Question on Capital Gains Tax vs Income Tax - does it matter if I cash out now or in retirement?

If you have a lot in taxable, there might not be as much 0% space as you think. That's because qualified dividends occupy that same space.
by Earl Lemongrab
Fri Jun 21, 2019 5:45 pm
Forum: Personal Investments
Topic: Borrowing from 401K to invest...
Replies: 10
Views: 793

Re: Borrowing from 401K to invest...

You should contact livesoft whose wife has actually done something like this. I believe they invested the money in low cost bonds, but it's been awhile. However, I do not believe you can put the "borrowed" money into any kind of IRA, traditional or Roth. The OP's plan is to wait for the loan before...
by Earl Lemongrab
Fri Jun 21, 2019 5:00 pm
Forum: Personal Investments
Topic: Borrowing from 401K to invest...
Replies: 10
Views: 793

Re: Borrowing from 401K to invest...

The risks I can think of are as follows: I get laid off and the 401K loan requires immediate pay back. That's not a risk, because the tax laws changed in 2018. You don't have to repay until the due date with extensions of your tax return for that year. So you have a minimum of 9.5 months (if you le...
by Earl Lemongrab
Fri Jun 21, 2019 4:52 pm
Forum: Personal Investments
Topic: How did you overcome your fear of investing?
Replies: 33
Views: 2272

Re: How did you overcome your fear of investing?

At the age of 50, I spent a good part of a year reading books (Bernstein, Ferri, Swedroe, etc.) and investing web sites. I developed an asset allocation and investing plan. I then implemented the plan, changing most of the investments in my 401(k) and buying funds in taxable with cash. I managed to ...
by Earl Lemongrab
Thu Jun 20, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Liquidating inherited IRA, donating to DAF
Replies: 12
Views: 541

Re: Liquidating inherited IRA, donating to DAF

Double dip applies only if he is itemizing, which most people aren't these days. Which I addressed with the "deduction (if any)". It doesn't matter what the source was. You get whatever deduction for the amount. If it's 0 it's 0 whether you use cash or securities. However, a 30k donation will likel...
by Earl Lemongrab
Thu Jun 20, 2019 4:47 pm
Forum: Personal Investments
Topic: Confused with the markets
Replies: 47
Views: 4155

Re: Confused with the markets

Sold on Bogleheads, then starts talking about market cycles.

One of the key principles of my investing plan is that I don't know anything about markets or how to time them. So I don't worry about cycles or what they should or should not be doing.
by Earl Lemongrab
Thu Jun 20, 2019 4:44 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 157
Views: 21721

Re: Fidelity Full View transition to eMoney

I noticed through my wife's 401k which uses Fidelity as their provider they are offering Full View. Is this really any different then Personal Capital? I'm not interested in putting in my credit card /expenses info...just savings assets. I tried Personal Capital, but that couldn't get my 401(k) dat...
by Earl Lemongrab
Thu Jun 20, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Liquidating inherited IRA, donating to DAF
Replies: 12
Views: 541

Re: Liquidating inherited IRA, donating to DAF

I must be missing something. You would pay tax on the $30K Inherited IRA at your marginal rate in order to not pay tax on the gains (only) at the LTCG rate? Seems like you are paying quarters on the dollar in order to save nickels. Are you itemizing? In that case, you could just donate the brokerag...
by Earl Lemongrab
Thu Jun 20, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: Tree stump, can't use a stump grinder. Solution?
Replies: 64
Views: 5352

Re: Tree stump, cant use a stump grinder. Solution?

Get some mushroom plugs. Turn that stump into edible fungi.
by Earl Lemongrab
Thu Jun 20, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off my mortgage - what to expect?
Replies: 46
Views: 4168

Re: Paying off my mortgage - what to expect?

toofache32 wrote:
Thu Jun 20, 2019 6:45 am
So the tax and insurance is paid from your loan? With interest?
No. Sometimes they pay you interest.
by Earl Lemongrab
Thu Jun 20, 2019 3:44 pm
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 160
Views: 23946

Re: Don't pay full price for SiriusXM radio

Ged wrote:
Thu Jun 20, 2019 3:03 pm
Rip your CD collection to a flash drive and you will have your music at the touch of a button.
I have an iPod I use in the Venerable Bronco for that purpose. At the PC, I use streaming music. The problem with your own tracks is that you'll never come across something new.
by Earl Lemongrab
Wed Jun 19, 2019 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off my mortgage - what to expect?
Replies: 46
Views: 4168

Re: Paying off my mortgage - what to expect?

GREAT thread on the mechanics of how this works, which I hope to deal with in a few short years. Some of you say that you now have to pay your own property taxes? I have a mortgage and have always paid my own property taxes. What am I missing here? Is this regional? Some mortgages have escrow for p...
by Earl Lemongrab
Wed Jun 19, 2019 4:34 pm
Forum: Investing - Theory, News & General
Topic: happy when the market is down - want to understand
Replies: 42
Views: 3405

Re: happy when the market is down - want to understand

I think the "hamburger" analogy is terrible and wildly inappropriate. I buy hamburgers or ground beef to eat, not hold onto to hope they appreciate and sell at a profit later. I want hamburgers to do like TVs, drop and keep dropping forever. You don't want your stocks to do that. Trying to compare a...
by Earl Lemongrab
Tue Jun 18, 2019 5:30 pm
Forum: Personal Consumer Issues
Topic: Life after COBRA - selecting new health insurance
Replies: 24
Views: 1639

Re: Life after COBRA - selecting new health insurance

Since Medicare is not too far down the road, I might also investigate whether any of the Medicare Advantage plans available to you (when you are eligible) have similarities to plans you can get now. As one example, if you have Kaiser available in your area - then if you enroll in Kaiser now - you c...
by Earl Lemongrab
Tue Jun 18, 2019 5:29 pm
Forum: Personal Consumer Issues
Topic: Life after COBRA - selecting new health insurance
Replies: 24
Views: 1639

Re: Life after COBRA - selecting new health insurance

Reb Tevye wrote:
Tue Jun 18, 2019 5:17 pm
Don’t take my word on it for your plan, but my understanding of the 60-day limit is that you have until 10/30 to sign up and be covered retroactively.
At least you should ask to know for sure.
You might be right on that. That's the way COBRA works. I should contact them.
by Earl Lemongrab
Tue Jun 18, 2019 3:13 pm
Forum: Personal Consumer Issues
Topic: Life after COBRA - selecting new health insurance
Replies: 24
Views: 1639

Re: Life after COBRA - selecting new health insurance

Yeah, it's costly. I went back through to make sure, I selected no coverage for dependents. There were similar lines for children, all "Not Applicable". Cost to Employee UHC-HDHP-PPO UHC-Choice-CCP UHC-Choice-HMO Cost You Only $1,616.32 $1,515.27 $1,339.06 You + Spouse Not Applicable Not Applicable ...
by Earl Lemongrab
Tue Jun 18, 2019 1:53 pm
Forum: Personal Consumer Issues
Topic: Life after COBRA - selecting new health insurance
Replies: 24
Views: 1639

Re: Life after COBRA - selecting new health insurance

Is there a Bronze HSA-eligible plan offered? Those are the two plans offered. I don't know about HSA eligible. Does anyone know? Which plans do or don't cover out-of-network expenses? Is this important to you? Travel much? I don't travel. I have always been in-network. Too much hassle otherwise. Ho...
by Earl Lemongrab
Tue Jun 18, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: Life after COBRA - selecting new health insurance
Replies: 24
Views: 1639

Life after COBRA - selecting new health insurance

All things must come to an end, and that includes my COBRA insurance from MegaCorp. I received a letter reminding me that it runs out 8/31 and to tell me that this also allows me special enrollment in retiree medical if I want. I didn't know that. I have to make a decision within 60 days of COBRA en...
by Earl Lemongrab
Tue Jun 18, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Aftertax conversion to Roth and tax implications for withdrawals
Replies: 6
Views: 652

Re: Aftertax conversion to Roth and tax implications for withdrawals

Even when something is allowed by law, sometimes the plan can put its own restrictions in place. I would first check to see if the plan allows rollovers of the after-tax contributions to IRAs. If so, then she could skip the in-plan conversion. Of course, you'd need to find out about fees for the var...
by Earl Lemongrab
Tue Jun 18, 2019 10:50 am
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 50
Views: 4854

Re: Should I invest 100k into a total index or do it slowly

Many people have gradually accumulated a large investment in the stock market with modest monthly amounts over many years. Now they hear of the superiority of lump summing. Should they now pull their money out of the stock market so they can start over and lump sum it all at once back into the stoc...
by Earl Lemongrab
Tue Jun 18, 2019 2:07 am
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 50
Views: 4854

Re: Should I invest 100k into a total index or do it slowly

similar situation. We are putting money from a home sale into the stock market. We took 30% and put into index funds immediately. The rest we divide over eleven months. If we were affluent I suppose we wouldnt have bothered and have gone all in. In eleven months, will you pull it back out and start...
by Earl Lemongrab
Mon Jun 17, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: Anyone make their own tortillas?
Replies: 37
Views: 3003

Re: Anyone make their own tortillas?

DrGrnTum wrote:
Sun Jun 16, 2019 7:58 pm
I remember her using Grabber Girl baking powder.
Likely "Clabber Girl".
by Earl Lemongrab
Mon Jun 17, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 168
Views: 12356

Re: Why do large personal portfolios include bonds?

I'm not sure why a person wouldn't calculate their withdrawal based on all likely expenses - in this case the long-term care. Even if you aren't spending on it currently you can still be planning on it with something like the monthly insurance premiums for the long-term care. You effectively do add...
by Earl Lemongrab
Mon Jun 17, 2019 1:03 am
Forum: Personal Consumer Issues
Topic: Mower purchase considerations
Replies: 24
Views: 2571

Re: Mower purchase considerations

So, everybody likes updates. I have used the new electric plug-in mower several times on the front and fewer times in the back. I mowed with the bagger attachment the first few times because I use cut grass for mulch on the tomatoes and some to get the compost pile going. We had an electric when I w...
by Earl Lemongrab
Mon Jun 17, 2019 12:48 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 168
Views: 12356

Re: Why do large personal portfolios include bonds?

post_id=4597203 time=1560737013 user_id=148636] One problem with your calculation is that you are assuming that the only use for the portfolio is for yearly draw for expenses. A significant part of mine is for other situations, like having to go into long-term care for an extended period. I want the...
by Earl Lemongrab
Sun Jun 16, 2019 7:20 pm
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 104
Views: 3490

Re: TIRA to Roths? help Please

Your bracket might not be what you think it is. Those like me, in the 12% fed bracket but with a lot of taxable mutual funds, will already have the rest of that space used up by 0% qualified dividends. So every dollar I add to ordinary income, like with conversion, will be taxed at 12% (plus state) ...
by Earl Lemongrab
Sun Jun 16, 2019 6:20 pm
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 50
Views: 4854

Re: Should I invest 100k into a total index or do it slowly

lostdog wrote:
Sun Jun 16, 2019 9:02 am
Lump sum wins mathematically. DCA wins psychologically.
Does it? Is anyone really happier if the market crashes the day after the last DCA installment?
by Earl Lemongrab
Sun Jun 16, 2019 6:18 pm
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 50
Views: 4854

Re: Should I invest 100k into a total index or do it slowly

When you go to the casino do you go to the first dice table you see and put your entire bankroll on the pass line (or come if a point has already been established)? Your answer may help guide you in your investment decision. Well, if I were gambling it would be for entertainment (as it has negative...
by Earl Lemongrab
Sun Jun 16, 2019 6:09 pm
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 168
Views: 12356

Re: Why do large personal portfolios include bonds?

One problem with your calculation is that you are assuming that the only use for the portfolio is for yearly draw for expenses. A significant part of mine is for other situations, like having to go into long-term care for an extended period. I want the money there to get me into the best care I can ...
by Earl Lemongrab
Sat Jun 15, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: how is Home Depot's contractor service (for a water heater)?
Replies: 53
Views: 4100

Re: how is Home Depot's contractor service (for a water heater)?

Don't use Home Depot for contractor work, it is becoming a scam. I got a bid for a mini split a/c from a hd contracror for $7300.00 I almost fell over. Ended up with a local a/c for $1900.00. That wasn't my experience for the water heater. The cost was competitive, they took care of permits, and wo...
by Earl Lemongrab
Sat Jun 15, 2019 4:18 pm
Forum: Personal Consumer Issues
Topic: how is Home Depot's contractor service (for a water heater)?
Replies: 53
Views: 4100

Re: how is Home Depot's contractor service (for a water heater)?

I had the heater replaced last year. The way it works here is that there is just one local installer. They have most of the popular models in their stock, so they don't need to go by a store to pick it up. I had a positive experience for the most part, although my situation was complicated by a code...
by Earl Lemongrab
Thu Jun 13, 2019 7:13 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 8666

Re: The Case Against ETFs

The whole shares problem is really only significant for IRAs. That's because cash can't easily be managed there. For a taxable account, you just have to not fixate on round numbers. So you don't put exactly $500 in each week? Sometimes it's a bit more, sometimes less. It will tend to even out.
by Earl Lemongrab
Thu Jun 13, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 289
Views: 35254

Re: Umbrella insurance..who has it? Is it recommended?

I don't understand why you keep looking at everything but the actual financial impact on the injured parties. I think you should actually look at it. This was not a judgment from court. It was a settlement. No one knows what a jury would have done. The driver settled for what was probably insurance...
by Earl Lemongrab
Thu Jun 13, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 289
Views: 35254

Re: Umbrella insurance..who has it? Is it recommended?

tadamsmar wrote:
Thu Jun 13, 2019 4:52 pm
You seem to think the financial impact on the injured party makes no difference in the size of the settlement.

How could that possibly make sense?
No one said that. But look at the structure of the settlement. You didn't produce a case where an individual had to pay that versus a city or company.
by Earl Lemongrab
Thu Jun 13, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 289
Views: 35254

Re: Umbrella insurance..who has it? Is it recommended?

tadamsmar wrote:
Thu Jun 13, 2019 4:40 pm
I paralyzed 25-year-old recently got three settlements totaling 4.8 million:
Did you see who paid what? The drunk driver paid 100k of that. Most of that was due to purported problems with the embankment, so the city was on the hook.
by Earl Lemongrab
Thu Jun 13, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Late Life/End of Life Expenses
Replies: 38
Views: 3757

Re: Late Life/End of Life Expenses

"High net worth" is going to vary some by circumstance. I live a modest life in a low-cost area. A top care facility isn't going to be all that expensive. A million bucks goes further in most ways here than other locations. I don't want it to be a question about getting into the place I want, so I h...
by Earl Lemongrab
Wed Jun 12, 2019 10:02 pm
Forum: US Chapters
Topic: Trying out a new signature
Replies: 6
Views: 1113

Trying out a new signature

I like it.
by Earl Lemongrab
Wed Jun 12, 2019 8:35 pm
Forum: Investing - Theory, News & General
Topic: after-tax 403B contributions
Replies: 8
Views: 564

Re: after-tax 403B contributions

acc5180 wrote:
Wed Jun 12, 2019 7:28 pm
Additionally, if I do this, can I still do the $6,000 backdoor Roth contribution to my existing Roth IRA account?
Yes. The limits are unrelated.
by Earl Lemongrab
Wed Jun 12, 2019 8:34 pm
Forum: Investing - Theory, News & General
Topic: after-tax 403B contributions
Replies: 8
Views: 564

Re: after-tax 403B contributions

The hospital just announced they are going to start having the option for Roth contributions in the 403b and also allow in-plan conversion from after-tax to Roth. So essentially if I contribute $19,000 pre-tax and employer will match $19,000, then I can put in $18,000 post-tax. Then as soon as it g...