Search found 569 matches

by nps
Sun Sep 23, 2018 5:17 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2806
Views: 560193

Re: What's Your Credit Card Rewards Strategy?

I do rack up about $60k to $80k every year on my credit cards. So I get about 60k to 80k miles which is good for a hawaii vacation flight cost for my family of 4 60k to 80k miles for four tickets to Hawaii? Unless you are talking about flights that begin and end in Hawaii I think your numbers are o...
by nps
Sat Sep 22, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: What to wear for job interview - skip the tie?
Replies: 83
Views: 8515

Re: What to wear for job interview - skip the tie?

daveydoo wrote:
Sat Sep 22, 2018 12:37 am
Spouse just interviewed someone for professional position in an office environment that is "business-casual-ish" and has largely done away with ties for hygiene reasons.
Seriously? Did they do away with door handles also?
by nps
Thu Sep 13, 2018 5:32 am
Forum: Investing - Theory, News & General
Topic: Bad Bogle Advice?
Replies: 14
Views: 1426

Re: Bad Bogle Advice?

My idea at that time was if you accumulated money in growth, you have a higher percentage of your return without taxes; and a lower percentage of your return in income, which is highly taxed. Then, when you got to retirement, you’d move over to value where you’d have less volatility, and a higher i...
by nps
Wed Sep 12, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: 1 year old birthday
Replies: 42
Views: 1881

Re: 1 year old birthday

I guess my final question at this point is, would you attend your baby's friend's birthday party if you knew it was to be held at someone's small condo? I'm pretty sure my kids didn't have friends when they were babies, just other babies that sometimes occupied the same room as them :) As for atten...
by nps
Wed Sep 12, 2018 5:22 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 16
Views: 2072

Re: New era for TSP "I" Fund?

Darwin wrote:
Tue Sep 11, 2018 11:15 pm
As of January 1st the TSP "I" Fund will be very different from what it has been before... Specifically, more comprehensively International (I).
Do you have a source for that date? I have not yet seen a specific calendar day cited for the planned index change.
by nps
Sun Sep 09, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth and SEP
Replies: 7
Views: 344

Re: Backdoor Roth and SEP

OK, I see what you are saying. Let's tackle DW first: You're right that it wouldn't work for her, and honestly I don't really feel comfortable setting up an EIN and solo 401(k) for her to sell a couple things on eBay. Agree, she would have to have the intent of maintaining the business and earning ...
by nps
Sun Sep 09, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth and SEP
Replies: 7
Views: 344

Re: Backdoor Roth and SEP

Are you sure both of your 401(k) plans in 2019 will accept incoming IRA rollovers? Not all do. Wow, didn't realize that. No, I'm not at all sure. I could find out about DW's right now, by talking to her HR department. But for my case, I will not know until I find my next job. How do you think this ...
by nps
Sun Sep 09, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth and SEP
Replies: 7
Views: 344

Re: Backdoor Roth and SEP

Are you sure both of your 401(k) plans in 2019 will accept incoming IRA rollovers? Not all do.
by nps
Thu Sep 06, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: SIMPLE IRA and 20 percent QBI deduction
Replies: 8
Views: 662

Re: SIMPLE IRA and 20 percent QBI deduction

Thanks everyone. Any realistic expectations beyond deductions not exceeding business profit or overall taxable income?
by nps
Thu Sep 06, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: SIMPLE IRA and 20 percent QBI deduction
Replies: 8
Views: 662

Re: SIMPLE IRA and 20 percent QBI deduction

the deduction is based on your income from Schedule C, so not impacted by your retirement plan deduction (SImple/Solo 401K) which as you note lands directly on 1040 (at least it used to, new 1040 coming this year) Think of it this way... the retirement plan contribution does not reduce the amount y...
by nps
Thu Sep 06, 2018 6:08 am
Forum: Personal Finance (Not Investing)
Topic: SIMPLE IRA and 20 percent QBI deduction
Replies: 8
Views: 662

Re: SIMPLE IRA and 20 percent QBI deduction

PFInterest wrote:
Wed Sep 05, 2018 7:39 pm
why are you not using solo 401k? do you not need to use a backdoor rIRA?
I don't think this changes my question. As far as I know a solo 401k would also be deducted on Line 28 of Form 1040. So you could replace SIMPLE IRA with solo 401k if it helps get closer to an answer.
by nps
Thu Sep 06, 2018 5:55 am
Forum: Investing - Theory, News & General
Topic: Are the stock market movements really random?
Replies: 37
Views: 2811

Re: Are the stock market movements really random?

Didn't you make this decision in April? Whatever your plan is, constantly changing it is not a good idea.

It might benefit you to write a contract with yourself like an IPS, and agree with yourself to hold off on contemplated changes to your plan for some cooling-off period, perhaps even a year.
by nps
Wed Sep 05, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: SIMPLE IRA and 20 percent QBI deduction
Replies: 8
Views: 662

SIMPLE IRA and 20 percent QBI deduction

There are many articles and posts on the 20 percent Qualified Business Income (QBI) deduction for pass-through entities, and I was wondering if anyone had a clear answer for the following specific situation. In the case of a sole proprietor (no employees) with a SIMPLE IRA, does the amount contribut...
by nps
Wed Sep 05, 2018 5:32 am
Forum: Personal Consumer Issues
Topic: Walmart is not Amazon
Replies: 54
Views: 6729

Re: Walmart is not Amazon

It took awhile to find WM chat - not obvious on their website and there are a lot of dead ends. The phone number they gave me in the store just took me to a recording. They never called back. I don't find the chat feature to be obvious on either, but I also don't see how Walmart's is worse. Walmart...
by nps
Tue Sep 04, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: Walmart is not Amazon
Replies: 54
Views: 6729

Re: Walmart is not Amazon

Pigeon wrote:
Tue Sep 04, 2018 7:26 am
Amazon, in my experience, does try to make things right if something happens with a third party seller.
In the OP's experience recounted in the first post, apparently so does Walmart.
by nps
Tue Sep 04, 2018 6:11 am
Forum: Personal Consumer Issues
Topic: Walmart is not Amazon
Replies: 54
Views: 6729

Re: Walmart is not Amazon

ETA - the only actionable item for this thread, in my opinion, is to validate WHOM you are actually buying from for both Amazon and WalMart. There are unfortunately many unscrupulous 3rd party sellers on both. Yes but, in Amazon's case, they will take action to compensate you and jump into reseller...
by nps
Tue Sep 04, 2018 5:58 am
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3756

Re: DIY: Three versus One! Are the Advantages Worth it?

Thank you so much for the inspiration. And by doing it myself (rebalancing), I will save more money that earns over the years as well. I have made a spread sheet as well, but do not expect to do it until next year....I suppose it is bet not to do it too often as to NOT trigger short term gains. You...
by nps
Mon Sep 03, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3756

Re: DIY: Three versus One! Are the Advantages Worth it?

Instead of the life strategy fund I just purchased the funds it holds. I re-balance once a year and the lower expense ratio saves me a few thousand a year. Plus it allows me to fine tune the mix. Others may prefer the convenience of a life strategy and may not mind paying a little more for not havi...
by nps
Mon Sep 03, 2018 6:10 am
Forum: Personal Consumer Issues
Topic: Walmart is not Amazon
Replies: 54
Views: 6729

Re: Walmart is not Amazon

krafty81 wrote:
Mon Sep 03, 2018 12:11 am
Turns out, much of WM online is from 3rd party vendors - called, ironically, "Walmart Prime".
Walmart doesn't call its third party marketplace "Walmart Prime." My guess is that you ordered from a specific third party vendor with "Prime" in its name like "Prime Deals."
by nps
Thu Aug 30, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11245

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

If I had to pick one, it would be the notion that stocks are less risky the longer an investor plans to hold them. For me, that one rises to the top because a lot of major financial decisions (e.g. portfolio composition) are often made solely because, or primarily because, one mistakenly believes t...
by nps
Tue Aug 28, 2018 8:30 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11245

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Two often seen on the forum even though they are written up nicely in the wiki, BH books, and blogs: -Market timing: the predictive component is sometimes misunderstood. -Rebalancing: the purpose, which is to maintain a preset allocation, is sometimes misunderstood. And related, the notion of "dry ...
by nps
Tue Aug 28, 2018 6:18 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11245

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Two often seen on the forum even though they are written up nicely in the wiki, BH books, and blogs: -Market timing: the predictive component is sometimes misunderstood. -Rebalancing: the purpose, which is to maintain a preset allocation, is sometimes misunderstood. And related, the notion of "dry ...
by nps
Wed Aug 22, 2018 5:54 am
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4367

Re: Cash Flow Gain Primary Residence

But why 20%???? Why not 15%, or 10%, or 25%, or 3.72%? $1 a month for ownership is lower than renting. I’m pushing to find out why you require 20%, or any other specific figure, to consider ownership the better deal. (Thank you for chopping the quotes. :beer ) bayview, Some examples of house owners...
by nps
Tue Aug 21, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4367

Re: Cash Flow Positive Primary Residence

nps, I agreed with you. But, this model is useful to get a person quickly decide whether it is worthwhile to do a deeper dive into a particular property. For example, if the rent is only 10% higher than PITI, the possibility of improving cash flow by buying is no good. However, if it is 20%, it mig...
by nps
Tue Aug 21, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4367

Re: Cash Flow Positive Primary Residence

- HOA fees vary widely, from less than $100/yr to more than $1000 Oh, the range is even bigger than that, assuming you include condo fees under "HOA fees". I pay $0 and have seen condos in my metro area with over $400 per month in association fees. I don't think the range is bigger than I stated :)...
by nps
Tue Aug 21, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Unequal tax treatment of HSAs and 529s
Replies: 13
Views: 1386

Re: Unequal tax treatment of HSAs and 529s

The IRS then requires you to prove that all the 1099-Q distributions were for qualified educational expenses of that year. That would be very strong evidence indeed. So you're saying their letter requested proof not only that you had sufficient QEEs, but that they were incurred in the year of QTP d...
by nps
Tue Aug 21, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4367

Re: Cash Flow Positive Primary Residence

I am refining my model/theory of using PITI plus Rent to forecast cash flow gain by owning. It sort of works out in my case. I want to check how well it works in a general case. KlangFool I don't think this is a good candidate for a model or theory. You're really just expressing a rule of thumb whi...
by nps
Tue Aug 21, 2018 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Unequal tax treatment of HSAs and 529s
Replies: 13
Views: 1386

Re: Unequal tax treatment of HSAs and 529s

As far as I can tell, while IRS does not appear to directly address the tax exclusion of distributions from either 529 plans or HSAs for qualified prior year expenses, most web articles and posts here seem to indicate that taxpayers are ok to exclude this type of income for HSAs but not 529 plans. ...
by nps
Mon Aug 20, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal tax treatment of HSAs and 529s
Replies: 13
Views: 1386

Re: Unequal tax treatment of HSAs and 529s

Conversely, wouldn't it be interesting if at some future date the IRS moved the rules of HSA distributions closer to that of 529s, that is, mandating that qualified withdrawals happen in the same year as the expense. But that doesn't even appear to be the case for a 529. The argument I have most co...
by nps
Sun Aug 19, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal tax treatment of HSAs and 529s
Replies: 13
Views: 1386

Re: Unequal tax treatment of HSAs and 529s

Not sure if there have been changes since 2016, but this article is a good one. ""If I use money from other sources to pay for my student's college costs incurred this year, but save the receipts and reimburse myself many years later by taking a 529 withdrawal, would that withdrawal still be tax-fr...
by nps
Sun Aug 19, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: San Diego - where to stay, what to do with 6 year old
Replies: 30
Views: 2127

Re: San Diego - where to stay, what to do with 6 year old

I wouldn't do more than one of those per day and also wouldn't budget more than one day for any of them. Legoland and the Safari Park also involve a bit of driving. If you're staying downtown the New Children's Museum is great for that age. Also many museums at Balboa Park including several good for...
by nps
Sun Aug 19, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Unequal tax treatment of HSAs and 529s
Replies: 13
Views: 1386

Unequal tax treatment of HSAs and 529s

As far as I can tell, while IRS does not appear to directly address the tax exclusion of distributions from either 529 plans or HSAs for qualified prior year expenses, most web articles and posts here seem to indicate that taxpayers are ok to exclude this type of income for HSAs but not 529 plans. I...
by nps
Sat Aug 18, 2018 6:49 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1051
Views: 82260

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

UpperNwGuy wrote:
Fri Aug 17, 2018 9:21 pm
And the future appears to be very similar to the present.
I can't tell if this is a joke...
by nps
Thu Aug 16, 2018 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2421

Re: Portfolio Review/How are we doing?

What is the opportunity cost of (B)? KlangFool I'm not addressing that. Your stated argument was that a 529 didn't make sense in either (A) or (B). I'm arguing that it's not that straightforward, the OP could easily come out ahead in (A). Therefore, the OP's perception of the risk of (B) would beco...
by nps
Thu Aug 16, 2018 6:36 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2421

Re: Portfolio Review/How are we doing?

Strayshot, You are assuming that OP can afford to pay $140K for the college education in 18 years. A) If that is true, it means that OP is fully employed over that 18 years. Then, he does not have to sell anything to pay for college education. His annual saving is high enough to pay for college edu...
by nps
Wed Aug 15, 2018 6:27 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21524

Re: "Don't Obsess About Expense Ratios"

Say you have been with your wife for 30 years and of course are more than satisfied with the returns. :D Then along comes another woman who is 1% more attractive to you. Since you were smart enough to have had a clever attorney back in the day who drafted up an iron-clad prenup, you have the possib...
by nps
Tue Aug 14, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Adult piggy bank
Replies: 54
Views: 4715

Re: Adult piggy bank

I have thrown spare change in a cup for many years. Never considered upgrading it to a piggy bank.

How does your cup not meet your criteria for a physical object to store money?
by nps
Mon Aug 13, 2018 6:52 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21524

Re: "Don't Obsess About Expense Ratios"

To be frank, the investor with under $30k shouldn't be worried about single digit basis point differences in ERs. They should be focused on making more contributions to their accounts. To be frank, it does not have to be an either-or situation. Just at Vanguard. An investor with $3 can get three fu...
by nps
Mon Aug 13, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2421

Re: Portfolio Review/How are we doing?

At 22% tax bracket, your tax benefits are minimal compared to putting money into the taxable account. They would save 6 percent state tax right off the bat (up to $16k annual 529 contributions) and eliminate tax on dividends and capital gains compared to taxable if the savings and earnings are used...
by nps
Sat Aug 11, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - confused about limits
Replies: 8
Views: 1037

Re: Umbrella insurance - confused about limits

If you lower your auto liability coverage it may lower your UM coverage as well. Usually you cannot have UM higher than your own liability limits. I'm not sure what you mean here. Isn't the point of an umbrella policy to have liability limits higher than auto limits? Yes but most umbrella policies ...
by nps
Sat Aug 11, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - confused about limits
Replies: 8
Views: 1037

Re: Umbrella insurance - confused about limits

If you lower your auto liability coverage it may lower your UM coverage as well. Usually you cannot have UM higher than your own liability limits.
by nps
Wed Aug 08, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Credit report question - expunging invalid derogatory marks
Replies: 10
Views: 972

Re: Credit report question - expunging invalid derogatory marks

I would start by getting copies of all three credit reports, then filing disputes with any credit reporting agencies that reported debt that is not hers. She does not need a lawyer for that.
by nps
Tue Aug 07, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan Help
Replies: 11
Views: 834

Re: TSP Loan Help

Are you related to this guy:

viewtopic.php?t=253950
by nps
Tue Aug 07, 2018 5:38 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 13719

Re: "Age in Bonds" fails almost everyone

Over the long term stocks will outperform bonds. Why don't we look at what period of time the risk of stocks underperforming bonds becomes negligible and use that to help set asset allocation rather than something that has no mathematical relationship to the problem we are using it to solve. :thumb...
by nps
Fri Aug 03, 2018 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade automatic investment
Replies: 6
Views: 846

Re: TD Ameritrade automatic investment

I can't imagine what the "security" reasons would be. Maybe it's a pun...
by nps
Fri Aug 03, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5733

Re: Comfort level with Credit Card Balance

Sorry for the confusion, but yes this is what I mean. I pay more than the "statement balance" of the previous month therefore do not incur any interest costs. I pay exactly the statement balance every month (not more) and also do not incur any interest costs. BTW this is what is known as paying it ...
by nps
Tue Jul 31, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard IRA transfer: send Certified or Regular mail
Replies: 11
Views: 618

Re: Vanguard IRA transfer: send Certified or Regular mail

You can get a tracking number without certified. Personally I wouldn't bother with either. I would definitely not send certified.
by nps
Mon Jul 30, 2018 5:34 am
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade automatic investment
Replies: 6
Views: 846

Re: TD Ameritrade automatic investment

In theory setting ETF market orders to automatically execute during the trading day following a deposit should not be very risky especially for high volume funds - however I'm not aware of any way to accomplish this with TDA.
by nps
Wed Jul 18, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25083

Re: Invest in Tesla?

DanMahowny wrote:
Wed Jul 18, 2018 12:38 pm
Things are going to go very bad, very soon, and it won't take long for Tesla to fold up the tent.
You mean the tent they are building Model 3s in?
by nps
Thu Jul 12, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Time for a taxable account? HSA?
Replies: 4
Views: 542

Re: Time for a taxable account? HSA?

As to #2 why bonds? Since CA treats the HSA as a normal taxable account would not the normal advice be to use tax efficient equity funds instead? Like the advice that bonds should be kept in tax advantaged accounts like 401ks where the interest that bonds pay is sheltered from taxes. That is the no...