Search found 322 matches

by noraz123
Fri May 22, 2020 2:58 pm
Forum: Personal Investments
Topic: Should I use M1 Finance for kids' gift accounts?
Replies: 18
Views: 398

Re: Should I use M1 Finance for kids' gift accounts?

Put all the money in 1 account and 1 fund. Use a spreadsheet to divide by 10 for each kid. Simple is simple. I agree with nix4me. Perhaps I don''t know/understand all your desires, but having different accounts for different kids seems too difficult. And what happens if stock market goes vastly up/...
by noraz123
Tue Apr 21, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Alternatives
Replies: 125
Views: 9493

Re: [Good replacement for Quicken?]

Quicken was originally owned by Intuit, but was sold to a private investment group. Intuit has an online tool - Mint.com, that is meant to be the online/cloud replacement. I used to use Quicken but have since switched to Mint. Mint is free to use, in that it doesn't cost money. But you are subject t...
by noraz123
Sat Apr 11, 2020 11:14 pm
Forum: Personal Investments
Topic: Advice for relative who wants guaranteed lifetime income
Replies: 62
Views: 3522

Re: Advice for relative who wants guaranteed lifetime income

The one type of annuity that is seemingly approved by Bogleheads is the SPIA - single premium immediate annuity.

I don't know of any better vehicle for GUARANTEED income.

I have never bought one, so can't recommend much more. But a search for SPIA on this site will yield a lot of useful information.
by noraz123
Tue Apr 07, 2020 2:08 am
Forum: Personal Consumer Issues
Topic: No sports but cable bills unchanged
Replies: 86
Views: 6128

Re: No sports but cable bills unchanged

... As many have said cut the cord (if you yourself are not on contract that is). Best thing I ever did was drop cable and picked up streaming. Not only is streaming often cheaper than cable, it is also easier to cancel and "pause." I switched from cable to streaming over a year ago, and use YouTub...
by noraz123
Sun Mar 22, 2020 10:29 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 267
Views: 15523

Re: So what are you cooking

I've been using my instant pot a few times this week - feijoada, red beans and rice, split pea soup, lentil bolognese.

Yesterday I made no knead bread. Would likely make again soon, but both the stores and I are low on flour. 8-)
by noraz123
Sat Mar 21, 2020 7:25 pm
Forum: Investing - Theory, News & General
Topic: Physical silver price decoupled from spot price
Replies: 32
Views: 2153

Re: Physical silver price decoupled from spot price

SemiRetire wrote:
Sat Mar 21, 2020 7:01 pm
Spot silver is about 12 ounce

Silver coins about 22-24 ounce

Quite the decoupling between “paper” silver and physical silver.
Is there an arbitrage opportunity here? Not sure how one would short silver coins.
by noraz123
Sat Mar 21, 2020 6:56 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 611
Views: 32244

Re: What are you listening to now

For those in the Philadelphia area, this is live now: The Blues Show with Johnny Meister on WXPN radio. Every Saturday night from 7 PM to midnight for as long as I can remember. You can also stream online. Thanks for this. I just had Spotify on playing my own music. But a quick, "alexa, play wxpn r...
by noraz123
Mon Mar 16, 2020 11:46 am
Forum: Investing - Theory, News & General
Topic: Help me learn to love my taxable account
Replies: 28
Views: 6928

Re: Help me learn to love my taxable account

... Where’s the love? Tax loss harvesting. When markets go down, as they are doing now, the best you can do with your tax-advantaged is rebalance. With taxable accounts, you get to tax loss harvest, which can save taxes now and/or increase your cost basis (e.g., tag gain harvesting) which saves tax...
by noraz123
Sun Mar 08, 2020 11:40 am
Forum: Personal Consumer Issues
Topic: Citi Costco Visa - preferential contact center agents?
Replies: 3
Views: 637

Re: Citi Costco Visa - preferential contact center agents?

Costco does a negotiation every couple of years, until 2016 they had an exclusive partnership with American Express. Now it's Visa. Citi has the exclusive branding for Costco cards. https://www.marketwatch.com/story/5-things-to-know-about-the-costco-and-amex-breakup-2016-02-11 I wouldn't be surpris...
by noraz123
Sat Mar 07, 2020 1:47 pm
Forum: Personal Consumer Issues
Topic: Citi Costco Visa - preferential contact center agents?
Replies: 3
Views: 637

Citi Costco Visa - preferential contact center agents?

I have two credit cards from Citi Bank - a Costco visa and 2% cash back ("Double Cash") Mastercard. I recently switched banks and updated my automatic payments, which caused a few hiccups resulting in a few calls to Citi customer support. Completely anecdotal, but all calls were made at same time of...
by noraz123
Tue Mar 03, 2020 7:38 pm
Forum: Personal Investments
Topic: Is it possible to put more than $7000/year in IRAs? Info found, no more responses by OP
Replies: 48
Views: 4316

Re: Is it possible to put more than $7000/year in IRAs?

Possibly. I might give the IRS the opportunity to convince him he did the return incorrectly. Broken Man 1999 Not a bad strategy. I don't know the ins/outs of how IRS works, but I can imagine a scenario where the IRS knows it is wrong, but feels it is just not worth doing anything about it. Let's s...
by noraz123
Sat Feb 29, 2020 4:56 pm
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18825

Re: who is worried and feels like selling stocks?

Capricorn51 wrote:
Thu Feb 27, 2020 6:07 am
Just did some tax loss harvesting out of VBR (small cap value) into VTI and VEU
I tax loss harvested also, albeit out of Total Market and into S&P 500.

Stay the course.
by noraz123
Thu Feb 27, 2020 2:44 pm
Forum: Personal Investments
Topic: Sell Bonds. Buy Total Market?
Replies: 45
Views: 4271

Re: Sell Bonds. Buy Total Market?

thanks everyone for your replies and input. I'll hold off on selling the bonds (for now). Cheers. This is the right decision for your current situation. Going forward, there is a way to take advantage of market drops like this w/out market timing. First step is to have your portfolio set to your de...
by noraz123
Thu Feb 27, 2020 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on car financing
Replies: 54
Views: 4209

Re: Thoughts on car financing

The 100% finance makes me hesitate a bit. DW has worked in insurance for awhile and one of the horror stories I always hated was of the person who was happy with their car, happy with their car payment, but when they were hit, through no fault of their own, and their car was totaled out, they found...
by noraz123
Mon Feb 24, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can 2019 Mac HR Block Software import 2018 HR Block PC taxes
Replies: 5
Views: 330

Re: Can 2019 Mac HR Block Software import 2018 HR Block PC taxes

Calling H&R support is definitely the way to go. That said I would be shocked if this isn’t possible. I believe the file format is something like zipped up XML, not any crazy custom binary format or something like that. This is my assumption as well. But want to confirm before I shelled out the mon...
by noraz123
Mon Feb 24, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on car financing
Replies: 54
Views: 4209

Re: Thoughts on car financing

OP said can't afford to buy it outright so it doesn't really matter what the cash price is. My recent experience has been that this is irrelevant. I always negotiate the price first, regardless if I am paying cash or taking a loan. Moreover, dealerships can sometimes can a finders fee when their cu...
by noraz123
Sat Feb 22, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can 2019 Mac HR Block Software import 2018 HR Block PC taxes
Replies: 5
Views: 330

Can 2019 Mac HR Block Software import 2018 HR Block PC taxes

I tried finding answer on H&R Block's website, but could not. I've been doing taxes for the last few years using H&R Block software for my PC (running Windows). I would like to use my Mac laptop this year. However, it seems when you buy the software, you must buy for a specific platform. Anyone know...
by noraz123
Wed Feb 12, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidation at Fidelity or Schwab - What to do with Vanguard Funds?
Replies: 14
Views: 1031

Re: Consolidation at Fidelity or Schwab - What to do with Vanguard Funds?

Yes. Both Fidelity and Schwab (and a few others, but not Vanguard as far as I know, at least not yet), allow fractional purchases of shares. More here: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=302147 The only argument that I see for mutual funds now is lack of bid-ask spread. This is s...
by noraz123
Wed Feb 12, 2020 5:14 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1907
Views: 207274

Re: [What TV Show Have You Recently Watched?]

"The Outsider" on HBO; Jason Bateman is amazing. 4 episodes in. Really interesting take on a Stephen King story (that I wasn't aware of). Thanks for the recommendation. I was unaware of this show. I quite like Jason Bateman in Ozark, so watched the first episode of The Outsider last night. What lit...
by noraz123
Tue Feb 11, 2020 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidation at Fidelity or Schwab - What to do with Vanguard Funds?
Replies: 14
Views: 1031

Re: Consolidation at Fidelity or Schwab - What to do with Vanguard Funds?

While I prefer mutual funds over ETFs, in this case, I would convert to ETFs and then transfer. Vanguard ETF costs are very low (on par with Admiral Funds), and are more portable. Assuming you ever want to leave Schwab or Fidelity in the future for a different brokerage, you'll know that you won't ...
by noraz123
Tue Feb 11, 2020 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: NYC: Stay in rent stabilized apt. or buy a place?
Replies: 28
Views: 2447

Re: NYC: Stay in rent stabilized apt. or buy a place?

I’m tempted to buy in one of the up- and-coming areas of the Bronx, with prices for one bedrooms from around 250k and up. I feel if I don’t buy immediately I’ll miss out on the opportunity to purchase something nice at a reasonable price point in NYC. You may not like the Bronx. A recession could h...
by noraz123
Tue Feb 11, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidation at Fidelity or Schwab - What to do with Vanguard Funds?
Replies: 14
Views: 1031

Re: Consolidation at Fidelity or Schwab - What to do with Vanguard Funds?

While I prefer mutual funds over ETFs, in this case, I would convert to ETFs and then transfer. Vanguard ETF costs are very low (on par with Admiral Funds), and are more portable. Assuming you ever want to leave Schwab or Fidelity in the future for a different brokerage, you'll know that you won't h...
by noraz123
Sat Feb 08, 2020 8:48 pm
Forum: Personal Investments
Topic: VUL Conversion Advice
Replies: 15
Views: 657

Re: VUL Conversion Advice

As petulant mentioned, sharing more details will enable others to give more targeted advice. Also, this a good problem to have. Most people looking to get out of VULs have big losses, not gains! I'd recommend what Nate79 suggested - do a 1035 exchange into a low cost variable annuity. Vanguard is an...
by noraz123
Sat Feb 08, 2020 8:26 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27375

Re: What is the best concert you ever witnessed?

Fishbone at Vassar College in 1991. I was in high school, and had to drive (or rather catch a ride) quite a distance to see them. But what a great show, with tremendous energy.

The best recent show I've been was Bob Mould in 2019 at The Fillmore in San Francisco.
by noraz123
Tue Feb 04, 2020 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Prepay rent for discount --> disadvantages?
Replies: 29
Views: 1984

Re: Prepay rent for discount --> disadvantages?

If there is an account number on the statement you sent, it is a serious concern. A bank account number + your contact info (along with the bank routing number they could look up online) is enough for them to withdraw money. For example, that's all you need to pay a bill via "e-check". Perhaps the ...
by noraz123
Mon Feb 03, 2020 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Prepay rent for discount --> disadvantages?
Replies: 29
Views: 1984

Re: Prepay rent for discount --> disadvantages?

Be especially careful the landlord IS the landlord for the property. If so, just make sure it’s all in writing so you have a recourse, and I’d want some kind if assurance the property is either owned free and clear, or lender payments are current. +1 Ask if a partial refund could be available if sp...
by noraz123
Mon Feb 03, 2020 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Prepay rent for discount --> disadvantages?
Replies: 29
Views: 1984

Re: Prepay rent for discount --> disadvantages?

OP: Up thread, I calculated your yield for prepaying 3 month, 6 month and 12 month. The best deal for you is to prepay for 3 months, and continue prepaying every 3 months, assuming the landlord will let you do that. Everything is negotiable. The most you would have at risk is 2 months rent. You wou...
by noraz123
Mon Feb 03, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Prepay rent for discount --> disadvantages?
Replies: 29
Views: 1984

Prepay rent for discount --> disadvantages?

I currently live in a VHCOL area and rent. I am married with a two year son. We are currently renting a 2-BR duplex, and are considering a larger 3-BR. The owner is offering a very intriguing proposition - a significant reduction in rent if we prepay. Specifically: Lease Plan Available: - One Month ...
by noraz123
Mon Jan 27, 2020 12:58 am
Forum: Investing - Theory, News & General
Topic: Disadvantages of post-tax 401k ?
Replies: 42
Views: 3494

Re: Disadvantages of post-tax 401k ?

aceoperations wrote:
Sun Jan 26, 2020 10:52 pm
While you can pull out after tax contributions without penalty free for any of these near term goals, it hurts to think of the potential tax free growth that is lost in the process.
But aren't you still better off funding for your Roth 401k with after-tax and pulling principal out later?
by noraz123
Sun Jan 26, 2020 5:26 pm
Forum: Investing - Theory, News & General
Topic: Disadvantages of post-tax 401k ?
Replies: 42
Views: 3494

Re: Disadvantages of post-tax 401k ?

I'm assuming you know about the 415 limit and how to stay under it. I had to look up "415 limit", as I didn't know what this was, or at least didn't know the regulation by its proper IRS code name. This is the annual limit across tax-advantaged contributions, employer contributions, and after-tax c...
by noraz123
Wed Jan 22, 2020 9:17 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26557

Re: Sad news: LadyGeek's husband has passed

Sorry for your loss. My condolences.

And thank you for taking the time to educate the BH community on your learnings. Hopefully, this makes others difficult times less so.
by noraz123
Tue Jan 21, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4907
Views: 424206

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I abandoned that on 12/1 for a 35/20/45 ...upro/tqqq/tmf. Currently up 14% since 10/22 when I started. Perhaps I have not been staying on top of this thread as much as should. Why UPRO *and* TQQQ? There expense ratios are about the same, both 3x leveraged, and would assume their correlation would b...
by noraz123
Sun Jan 05, 2020 11:01 am
Forum: Personal Investments
Topic: Backdoor Roth @ M1 Finance - best steps to complete?
Replies: 2
Views: 233

Re: Backdoor Roth @ M1 Finance - best steps to complete?

I would normally do it at Vanguard, then transfer out to M1. But...M1 does have transfer bonuses active until end of this month. So maybe you'd want to make sure you transfer was completed this month to get the bonus. Are you paying out of the ira or otherwise, I would think otherwise since want to...
by noraz123
Sat Jan 04, 2020 11:45 am
Forum: Personal Investments
Topic: Backdoor Roth @ M1 Finance - best steps to complete?
Replies: 2
Views: 233

Backdoor Roth @ M1 Finance - best steps to complete?

What's the best way to do a backdoor Roth IRA contribution to M1 Finance? I already have a Roth IRA account with M1 Finance, and I have a traditional and Roth IRA accounts at Vanguard. Should I create a regular IRA account at M1 Finance and do the entire process there? Should I do the backdoor proce...
by noraz123
Wed Jan 01, 2020 1:03 pm
Forum: Personal Investments
Topic: Roth IRA - so who hit 'enter' at 12:01AM this morning?
Replies: 113
Views: 10849

Re: Roth IRA - so who hit 'enter' at 12:01AM this morning?

10:00 AM I made the contributions to our regular IRA accounts. Once settled, will transfer to Roth IRAs to complete the backdoor 2020 contributions.
by noraz123
Wed Jan 01, 2020 10:03 am
Forum: Personal Investments
Topic: Contributing to Fidelity HSA - issue with Android mobile app
Replies: 1
Views: 155

Contributing to Fidelity HSA - issue with Android mobile app

Just made my 2020 HSA contribution at Fidelity. I tried using the Fidelity app on my android phone, and while I could access the Transfers part of the app, it did not list my hsa account to contribute to while it did list my brokerage and IRA accounts. I used the web browser on my phone to access Fi...
by noraz123
Wed Dec 25, 2019 2:42 pm
Forum: Personal Investments
Topic: M1 Finance Inactivity Fee?
Replies: 22
Views: 1650

Re: M1 Finance Inactivity Fee?

I’ll have go check mine. My IRA was cancelled when I moved to Fidelity. Did M1 charge you $100 for the outgoing transfer and another $100 to close the IRA? Or just $100 for everything? $200. Would a better strategy be to transfer the assets but leave the account open? Or would that just lead to ina...
by noraz123
Thu Dec 19, 2019 2:04 am
Forum: Forum Issues and Administration
Topic: It's time to give thanks(and donate) to this great site
Replies: 36
Views: 3700

Re: It's time to give thanks(and donate) to this great site

Thanks for the reminder. Just donated. BH.org is a tremendous resource.

Thanks to all those that make this such a special place.
by noraz123
Fri Dec 06, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best tax strategy for donating to DAF (exercised options)
Replies: 15
Views: 683

Re: Best tax strategy for donating to DAF (exercised options)

Thanks for all the advice. It seems that there is no benefit donating immediately exercised shares to a DAF over selling shares immediately and donating cash. I need to go back and review my situation. I was thinking of donating to a DAF in 2020 to help offset any taxes that I might incur. Seems lik...
by noraz123
Thu Dec 05, 2019 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Best tax strategy for donating to DAF (exercised options)
Replies: 15
Views: 683

Re: Best tax strategy for donating to DAF (exercised options)

If the price goes up before the ST shares become LT shares and you want to sell before they do, the decision is not as clear because you would have to weigh the merits of having the additional gains treated as LT vs the advantage of having the current $20 of LT CG excluded by donating the LT shares...
by noraz123
Thu Dec 05, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Best tax strategy for donating to DAF (exercised options)
Replies: 15
Views: 683

Re: Best tax strategy for donating to DAF (exercised options)

I think you are missing the "disappearing capital gain" benefit of the donation. All else being equal, you would prefer to donate shares with the lowest cost basis, not the highest, and, all else being equal, you'd prefer to donate shares with short-term gains in preference to shares with long-term...
by noraz123
Thu Dec 05, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best tax strategy for donating to DAF (exercised options)
Replies: 15
Views: 683

Best tax strategy for donating to DAF (exercised options)

My company recently went public, and I will have liquidity early next year. I hope to donate some of my shares to a donor advised fund, and have questions re: taxes and best strategy to donate shares to a DAF as I have never done it before. When I get to liquidity, I will have some shares that I've ...
by noraz123
Sat Nov 30, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 188
Views: 21625

Re: Just Bought an Annuity

Out of curiosity....it seems that you intentionally did NOT choose to go with a variable annuity. May I ask why not? (Note--I am an advisor, and I do periodically sell VA's when I deem them appropriate, and you seem like a good candidate. I am NOT soliciting or advertising or promoting my services....
by noraz123
Sat Nov 16, 2019 3:38 pm
Forum: Personal Investments
Topic: Whats your favorite financial related site? (news, tips, anything!)
Replies: 23
Views: 2673

Re: Whats your favorite financial related site? (news, tips, anything!)

In my opinion, there is no better financial resource than Bogleheads.org.
by noraz123
Sun Oct 27, 2019 4:47 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 229
Views: 30230

Re: I’m done with index funds

...if your manager is always selling losers and holding winners, you'll eventually run out of losers to sell. And the ones you have left may have done very well. You'll eventually have a momentum portfolio, possibly with negative value loading, far different than the market. And with tax doom for s...
by noraz123
Tue Oct 15, 2019 11:54 pm
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 130
Views: 15655

Re: How to handle 5M capital gain (post-IPO)

If you had $3.3M in cash, what would you do? Buy stock in this company? If not, sell. Bogleheads will mostly agree holding this much in a single stock is too risky. I agree that the right thing to do is to diversify. Moving to a lower tax state is out of the question, then I'd sell, pay the taxes an...
by noraz123
Sun Oct 13, 2019 10:18 pm
Forum: Personal Consumer Issues
Topic: Ability to Stream NFL Games (Sundays, Mondays, Thursdays)
Replies: 38
Views: 4282

Re: Ability to Stream NFL Games (Sundays, Mondays, Thursdays)

1. Do you guys know if they charge any broadcasting fees like cable companies ? 2. Any other fees and taxes I should budget on ? All fees and taxes are baked into the price. So much better and transparent than my previous cable company. 3. Looks like more ads vs regular TV. Anyway to cut out ads fo...
by noraz123
Tue Oct 08, 2019 11:58 pm
Forum: Investing - Theory, News & General
Topic: Selling recently IPO'ed shares --> tips and advice?
Replies: 14
Views: 1070

Re: Selling recently IPO'ed shares --> tips and advice?

There will possibly be a lot of selling activity when the lock-up expires. That may not work in your favor. Perhaps sell using a limit order. I don’t buy and sell individual stocks frequently so other posters may have suggestions. I haven't bought stock either since I became a Boglehead. I have com...
by noraz123
Tue Oct 08, 2019 11:53 pm
Forum: Investing - Theory, News & General
Topic: Selling recently IPO'ed shares --> tips and advice?
Replies: 14
Views: 1070

Re: Selling recently IPO'ed shares --> tips and advice?

MotoTrojan wrote:
Tue Oct 08, 2019 4:28 pm
Wouldn’t other investors know about the blackout and expected influx of sales, and have that priced in well in advance (maybe even now)?
I don't know if it's already priced in, but I am assuming it's definitely priced just prior to lock up expiring.