Search found 268 matches

by sixty40
Sat May 16, 2020 11:31 am
Forum: Personal Investments
Topic: UGMA
Replies: 8
Views: 509

Re: UGMA

I remember researching this and the IRA allows up to around $4700 of unearned income w/o any taxes. My notes are; - Up to $1050 ( $1100 for 2019, provided no earned income ) no tax (0% tax rate) - Next $3650 no tax (0$ tax rate) if all LTCG or Qualified Dividend The above was under new Kiddie Tax r...
by sixty40
Sat May 16, 2020 9:42 am
Forum: Personal Investments
Topic: UGMA
Replies: 8
Views: 509

Re: UGMA

I have a UGMA set up for both both son and daughter (Ages 14 and 12). I have had them open and invested in Vanguard Star since birth (Originally because of the low cost to open). As they get older and start to near the ages they can use them (College, Car?) I was wondering if I should start switchi...
by sixty40
Mon Apr 27, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Capital One Bank bonus $450
Replies: 11
Views: 2282

Capital One Bank bonus $450

FYI. If you have $50k lying around for existing customers, Capital One Bank is offering a $450 bonus if you deposit $50k by 5/31/20 and hold it until 8/29/20. Or $150 bonus for a $20k deposit. Seems to only apply to existing accounts, but may also apply to new accounts, don't see why not. I don't kn...
by sixty40
Mon Apr 13, 2020 11:12 pm
Forum: Personal Consumer Issues
Topic: GoFundMe ... tipping!?
Replies: 33
Views: 3454

Re: GoFundMe ... tipping!?

What I really want in life though is an anonymous way to give to charity. I am loathe to give them checks, because I just end up on a bunch of new feel bad mailing lists. Perhaps a prepaid Visa or MasterCard debit card might provide the ability to anonymously donate. That's a really good idea. /I w...
by sixty40
Sun Apr 12, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Best Auto Insurance for Very Low Mileage
Replies: 12
Views: 788

Re: Best Auto Insurance for Very Low Mileage

I have Geico and they seem to accommodate. When my kids went away to college, more than 100 miles away, Geico lowered their rates from about $1100 to around $400. They were still covered when they came home for holiday or break. Many insurance companies give no breaks for cars less driven.
by sixty40
Sun Apr 12, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: your experience with Vanguard re: revised 1099's
Replies: 5
Views: 328

Re: your experience with Vanguard re: revised 1099's

If you are due a refund, then I would not do anything, assuming refund is more than the added cap gains tax. If you owe the IRS, you can just pay a few dollars more to cover the added cap gains tax, that is what I would do and then you can rest assured that even if you do get audited, you did not in...
by sixty40
Thu Apr 02, 2020 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard website: Activity through date?
Replies: 5
Views: 392

Re: Vanguard website: Activity through date?

Bump. Any way to know where my Vanguard portfolio stood on March 23? In the BALANCES AND HOLDINGS page, there are 3 tabs, the far right tab is BALANCES BY DATE. I use it all the time. The center tab allows you to compare your current YTD balance of each current holding to the beginning of the year.
by sixty40
Mon Mar 30, 2020 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I place a purchase order w/ Vanguard and THEN xfer the money?
Replies: 4
Views: 462

Re: Can I place a purchase order w/ Vanguard and THEN xfer the money?

As far as I know you do not need any money in your settlement acct to trade equities and ETFs. I have bought stocks or ETFs which exceeded the settlement acct balance, after the purchase the settlement was negative. I then would either sell something to get it back to positive or transfer money from...
by sixty40
Thu Mar 19, 2020 7:35 am
Forum: Personal Investments
Topic: Why does Vanguard's Total Bond Market fund keep going down?
Replies: 9
Views: 2146

Re: Why does Vanguard's Total Bond Market fund keep going down?

Could it be that the Bond Market Fund is going down because Bogleheads are selling it to rebalance into equities? :greedy P.S. Can't believe I am still capable of making jokes considering I am watching my life savings evaporate. LOL ... I distinctly remember the crises in 2008, my friend and I were...
by sixty40
Thu Mar 19, 2020 7:27 am
Forum: Personal Investments
Topic: "Why do you want to cancel?" - Vanguard
Replies: 10
Views: 2565

Re: "Why do you want to cancel?" - Vanguard

When I first opened my Vanguard mutual fund acct, I wanted to familiarize myself with the buy and sell orders for mutual funds. I would submit small buy and sell trades in weekends and after hours, and would cancel them w/o any issues, all on their website. I also cancelled mutual fund orders during...
by sixty40
Mon Feb 03, 2020 12:13 pm
Forum: Personal Consumer Issues
Topic: Examples of Low Tech Improving Your Life
Replies: 207
Views: 17487

Re: Examples of Low Tech Improving Your Life

I'm still using my iPhone 6S. TravelforFun I’m still using an iPhone 5s, 16gb, battery life still ok +1000 LOL - I'm still using the 5s too......my kids just shake their head...….. LOL, yeah when I pull my phone out at meetings or when people see it, the look on their face is "what is that?" But it...
by sixty40
Sun Feb 02, 2020 9:34 pm
Forum: Personal Consumer Issues
Topic: Examples of Low Tech Improving Your Life
Replies: 207
Views: 17487

Re: Examples of Low Tech Improving Your Life

TravelforFun wrote:
Fri Jan 31, 2020 7:07 pm
I'm still using my iPhone 6S.

TravelforFun
I’m still using an iPhone 5s, 16gb, battery life still ok
by sixty40
Tue Dec 10, 2019 9:27 pm
Forum: Personal Investments
Topic: Pick a stock
Replies: 93
Views: 4982

Re: Pick a stock

WCLD or SKYY, a bet on the cloud.(oops these are ETFs)
NVDA, a bet on AI and gaming
PCG, if they don’t go bankrupt ...
Just for play money of course.
I only own NVDA.
by sixty40
Sun Dec 08, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Private Company - Profit Sharing Plan Expectations
Replies: 10
Views: 667

Re: Private Company - Profit Sharing Plan Expectations

I am a HCE for a small sales company with annual sales revenue around $10m. My compensation is paid via salary, commissions, and bonuses. Recently the owner implemented a profit-sharing plan for a limited number of key contributors. However it is rather opaque as they wont reveal the numbers, which...
by sixty40
Fri Nov 08, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Where to find social security deductions
Replies: 10
Views: 961

Re: Where to find social security deductions

"Social Security income includes retirement, survivor benefits, and disability payments. For the most part, only taxable sources of income count in determining household MAGI-based income. However, all Social Security income of tax filers is counted, regardless of whether it is taxable or not. " ht...
by sixty40
Fri Oct 11, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: Cheap Cell Phone Plan
Replies: 52
Views: 6662

Re: Cheap Cell Phone Plan

I too use tracfone, pay as you go, I buy the 1yr plan for $100, 1200 minutes talk, 1200 texts, 1.2gb data. I usually run out of texts and data before the yr is up, so I buy 1000 texts for $5 and 1gb data for $10, can also buy 1000 talk minutes for $10, all carries over when you renew. They also hav...
by sixty40
Thu Oct 10, 2019 11:32 pm
Forum: Personal Consumer Issues
Topic: Cheap Cell Phone Plan
Replies: 52
Views: 6662

Re: Cheap Cell Phone Plan

I too use tracfone, pay as you go, I buy the 1yr plan for $100, 1200 minutes talk, 1200 texts, 1.2gb data. I usually run out of texts and data before the yr is up, so I buy 1000 texts for $5 and 1gb data for $10, can also buy 1000 talk minutes for $10, all carries over when you renew. They also have...
by sixty40
Fri Sep 27, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: paying off loan prior to mortgage
Replies: 4
Views: 457

Re: paying off loan prior to mortgage

Yes pay them off, and it would be easy with your income. I have no mortgage, no car payments, pay off credit card each month, no debt and my credit score is about 800. I don't think paying off debts would affect your credit score, but not an expert on it. One thing that has slightly lowered my credi...
by sixty40
Thu Sep 26, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford around a $2M home?
Replies: 31
Views: 4293

Re: Can I afford around a $2M home?

At $800k income, you can probably afford a $1.5-$2.0M home (from an income standpoint), but I would look at your savings and net worth more closely. You mention your net worth is $1.9M. Based on the Millionaire Next Door formula, ($800k/yr x 40 yrs old) / 10 = $3.2M. If you had NW of $3.2M you woul...
by sixty40
Thu Sep 26, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford around a $2M home?
Replies: 31
Views: 4293

Re: Can I afford around a $2M home?

At $800k income, you can probably afford a $1.5-$2.0M home (from an income standpoint), but I would look at your savings and net worth more closely. You mention your net worth is $1.9M. Based on the Millionaire Next Door formula, ($800k/yr x 40 yrs old) / 10 = $3.2M. If you had NW of $3.2M you would...
by sixty40
Thu Sep 26, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: S-corp owning my car?
Replies: 1
Views: 252

Re: S-corp owning my car?

Our small consulting firm used to have our cars (used for both personal and business) as part of the s-corp, it became more beneficial and simpler for us to just get reimbursed for business mileage (about $0.55/mile), so we eliminated all company cars. The reimbursement for mileage has more than pai...
by sixty40
Tue Sep 24, 2019 9:55 pm
Forum: Personal Consumer Issues
Topic: Uber - first time user - will I get picked up
Replies: 36
Views: 3907

Re: Uber - first time user - will I get picked up

I've never used Uber before. Tomorrow morning I need to go the airport. I would normally call the taxi company this evening and request a car pick me up at 6am. Which has never been a problem. They are always on time and I typically get the same driver who is very pleasant. I'm half tempted to try ...
by sixty40
Sat Jun 15, 2019 3:03 am
Forum: Personal Investments
Topic: Vanguard Financial Plan requires Brokerage Account? Bait and switch?
Replies: 45
Views: 3841

Re: Vanguard Financial Plan requires Brokerage Account? Bait and switch?

- My initial feeling I had was this was some kind of bait and switch. Vanguard hasn't had the Vanguard Financial Plan since 2015. https://www.bogleheads.org/forum/viewtopic.php?t=160360 It has been managed by Vanguard PAS for the past 4 years. As the Vanguard website says, "Financial advice from a ...
by sixty40
Wed May 08, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: GEICO assigning higher risk driver to more expensive car
Replies: 12
Views: 2103

Re: GEICO assigning higher risk driver to more expensive car

We also have Geico for auto and when I inquired about putting a young driver to an older cheaper vehicle, they said they do not assign drivers to vehicles anymore, too much abuse. So now any listed driver can drive any insured vehicle.
by sixty40
Thu Apr 11, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Future Wealth (Wealth Potential)
Replies: 20
Views: 2145

Re: Estimating Future Wealth (Wealth Potential)

Using your data, $250k current net worth, $15k contribution/yr at end of each yr, using a 60/40 stock/bond portfolio based on avg historical return of 8.80% per Vanguard: - at 40 = $986,400 - at 50 = $2,518,000 - at 60 = $6,029,000 This is a good way to look at things, but I think you should use a ...
by sixty40
Thu Apr 11, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Future Wealth (Wealth Potential)
Replies: 20
Views: 2145

Re: Estimating Future Wealth (Wealth Potential)

I am just wondering if someone can give me any indication based on a current net worth, income, and age roughly what you could expect for a net worth level later on in life in your 50s, 60s, and 70s? Here are my stats: Age: 28 Income: $60k, have no idea what my future earnings growth would be. I am...
by sixty40
Thu Mar 28, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: What golf ball do you use?
Replies: 40
Views: 2618

Re: What golf ball do you use?

You can get also get "PRACTICE" ProV1 balls at about $30/doz in most places including Dicks and golf discount stores on-line. I use them also, they are the same as the regular ProV1's, you may get a mix, legal and tender for use for handicapping and most if not all all competitions, and is looked at...
by sixty40
Mon Mar 25, 2019 11:37 am
Forum: Personal Investments
Topic: tax explanation on active vs passive funds in a taxable brokerage account
Replies: 22
Views: 1587

Re: tax explanation on active vs passive funds in a taxable brokerage account

Real life example based on 2018 1099-div, assume based on $100,000 for each fund. Dodge and Cox Stock Fund distributions: $1708 total dividends, $8000 LT capital gains. VG Total Stock Mkt fund distribution: $1970 total dividends, $0 capital gains. This example is just based on how much more in taxe...
by sixty40
Mon Mar 25, 2019 10:01 am
Forum: Personal Investments
Topic: tax explanation on active vs passive funds in a taxable brokerage account
Replies: 22
Views: 1587

Re: tax explanation on active vs passive funds in a taxable brokerage account

Real life example based on 2018 1099-div, assume based on $100,000 for each fund. Dodge and Cox Stock Fund distributions: $1708 total dividends, $8000 LT capital gains. VG Total Stock Mkt fund distribution: $1970 total dividends, $0 capital gains. This example is just based on how much more in taxe...
by sixty40
Sun Mar 24, 2019 11:32 pm
Forum: Personal Investments
Topic: tax explanation on active vs passive funds in a taxable brokerage account
Replies: 22
Views: 1587

Re: tax explanation on active vs passive funds in a taxable brokerage account

Real life example based on 2018 1099-div, assume based on $100,000 for each fund. Dodge and Cox Stock Fund distributions: $1708 total dividends, $8000 LT capital gains. VG Total Stock Mkt fund distribution: $1970 total dividends, $0 capital gains. This example is just based on how much more in taxes...
by sixty40
Sun Mar 24, 2019 11:13 pm
Forum: Personal Consumer Issues
Topic: What golf ball do you use?
Replies: 40
Views: 2618

Re: What golf ball do you use?

If Costco member, get Kirkland 3-piece balls, $24+$5 shipping for 2 dozen, best deal out there and they are premium balls. 9 handicap. You get a premium ball for the price of cheap rock hard balls.
by sixty40
Sun Mar 24, 2019 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: ordinary vs qualified divs from total stock market
Replies: 4
Views: 624

Re: ordinary vs qualified divs from total stock market

If you are asking why does the 1099-div have both dividends in box-1 and qualified dividends in box-2. Box1 is total dividends, box2 indicates how much in box1 is qualified. Box2 can be smaller or equal to box1. Box 2 is taxed at long term capital gains rate, the remainder of box1 less box2 is taxed...
by sixty40
Sun Mar 17, 2019 10:55 am
Forum: Personal Consumer Issues
Topic: Buy a previous loaner car
Replies: 20
Views: 1799

Re: Buy a previous loaner car

We bought a 2017 Corolla in early 2018 dealer loaner car with about 10k miles, it was still under factory 3yr 36k mile warranty. It has not had any issues.
I don’t think it’s a problem getting a late model loaner, just make sure it has at least 1yr 15k mikes bumper to bumper warranty remaining
by sixty40
Sat Mar 16, 2019 1:29 am
Forum: Personal Finance (Not Investing)
Topic: homeownership coaching
Replies: 13
Views: 1613

Re: homeownership coaching

Our home is relatively young compared to yours, only about 30 yrs old, bought it used in 2003. Since then I have replaced the roof, replaced AC and heating unit, updated front and back landscape, fixed refrigerator (sub-zero), fixed dishwasher, etc. When we were younger with smaller kids I think I d...
by sixty40
Sat Mar 16, 2019 12:57 am
Forum: Personal Investments
Topic: Take the Lump Sum now? Or get annuity payments for life?
Replies: 7
Views: 1352

Re: Take the Lump Sum now? Or get annuity payments for life?

Based on a $18,000 payout, a $155/m payment comes out to $1860/yr which is more than a 10% payout rate. An immediate annuity based on $18000 initial payment is $82/m or $1968/yr or about a 5.4% payout. (USAA annuity calculator) Not having more information about your situation and based on your numbe...
by sixty40
Thu Mar 07, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 36615

Re: [2018 tax return - How does it compare to previous years?]

Was pleasantly surprised that my fed tax dropped 19% from last year with practically the same AGI & Taxable Income compared to 2017. Anyone else in CA have this outcome? Live in CA, no mortgage, 2 kids with one younger than 17, MFJ. 2018 AGI is practically the same as 2017 AGI, less than 1% differen...
by sixty40
Sat Feb 23, 2019 11:11 am
Forum: Personal Consumer Issues
Topic: professions for siblings or kids that can benefit family
Replies: 3
Views: 549

professions for siblings or kids that can benefit family

This is more of a curiosity than anything. If you have 4 kids or 3 other siblings, which 4 professions you think you would want them and you to have that can greatly help the family? I was just thinking about this the other day when I was with my mom in the hospital ED and thinking about work needed...
by sixty40
Sat Feb 16, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Get an umbrella and reduce limits on vehicle coverage?
Replies: 23
Views: 1092

Re: Get an umbrella and reduce limits on vehicle coverage?

For Geico umbrella, I think you need minimum 300/600 for all autos.
by sixty40
Tue Feb 12, 2019 12:35 am
Forum: Personal Investments
Topic: Are dividends from VG municipal MM Fund (VMSXX) taxable on my Oregon return?
Replies: 2
Views: 264

Re: Are dividends from VG municipal MM Fund (VMSXX) taxable on my Oregon return?

If Oregon has a state income tax, most likely it would be taxed. Non state specific muni funds are federal tax exempt but are not exempt from state income tax if there is a state income tax. That is my understanding.
by sixty40
Tue Jan 29, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 1099 summary
Replies: 5
Views: 1223

Re: Vanguard 1099 summary

An simpler way when using turbotax is, when prompted in TT, go to the VG website, log-in, and TT will extract all the necessary 1099(-B, -DIV, -INT) information. I have been using this method, I check it with the information I have and it has more or less matched. Boxes 1d and 1e on 1099-B should ma...
by sixty40
Sun Jan 27, 2019 9:55 am
Forum: Personal Consumer Issues
Topic: Car maintenance - dealer or independent shop?
Replies: 51
Views: 3145

Re: Car maintenance - dealer or independent shop?

I have always taken my cars to independent shops and have had good luck and service. Best thing to do is to ask people you trust on which shop they use. In my younger days going thru school I worked at an independent garage serving all types of cars, and so did dome friends and family members, we we...
by sixty40
Sun Jan 27, 2019 9:12 am
Forum: Personal Consumer Issues
Topic: Did I do a terrible purchase on a used car?
Replies: 38
Views: 4407

Re: Did I do a terrible purchase on a used car?

I purchased a 2013 Toyota Prius for $15,770. With taxes and fees, it came to $17,049. It has 21,603 miles. I'm doubting my purchase since I purchased it at the sticker price and I've heard you should never buy the sticker price. Please let me know if I was an idiot :) I obviously see an option $24 ...
by sixty40
Fri Jan 11, 2019 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 35837

Re: Millionaire by 40 and How you Did it?

I would also like to learn how you became a millionaire by 40 and how you did it? Was it purely large annual income, frugal habits, or both? Also, how rare is a million dollar net worth by 40? 5% of the US population or possibly under 1%? It is exactly what you said, large annual income, frugal hab...
by sixty40
Fri Jan 11, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 9884

Re: Getting a Mortgage when You can Pay Cash for a House

We were in s similar situation and we chose to have a mortgage instead of paying cash, we wanted liquidity. For me it was a personal decision and I was willing to sacrifice any financial gain for peace of mind, I slept well at night knowing I had ready cash and that I could pay off my mortgage at an...
by sixty40
Fri Jan 11, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: can second health insurance reduce benefits?
Replies: 4
Views: 435

Re: can second health insurance reduce benefits?

I looked into this recently when my son got a job, his employer offered health insurance but he was still covered under my wife's plan, my wife's plan is better. I think it may make a difference if they are both with the same insurance carrier. Both policies are with Kaiser, we called them and there...
by sixty40
Fri Jan 11, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?
Replies: 81
Views: 6633

Re: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?

We have 3 kids and did not have a car with a 3rd row until the kids got older/larger, so you do not need to have a van right away, you can wait. We had a 4-runner. We fit all 3 with child seats and boosters in the back seats, tight but fine. It will become apparent as the kids get older and larger t...
by sixty40
Thu Oct 25, 2018 12:13 am
Forum: Personal Investments
Topic: Got charged 3 brokerage fees for one sell transaction is that normal ?
Replies: 17
Views: 1577

Re: Got charged 3 brokerage fees for one sell transaction is that normal ?

Am I reading this correctly? It cost $620 in commissions for 3 trades? There must be some mistake, or a decimal missing.
by sixty40
Wed Oct 24, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: traditional IRA tax deduction, convert to ROTH
Replies: 3
Views: 353

Re: traditional IRA tax deduction, convert to ROTH

Thanks for the replies, I was focused on one thing and forgot about the rules, yes no free lunch, what was I thinking.
Cheesebreath, maybe he can do something like that.
His income should be pretty low this year so maybe just contribute to a Roth, we'll see how it goes moving forward.
by sixty40
Wed Oct 24, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: traditional IRA tax deduction, convert to ROTH
Replies: 3
Views: 353

traditional IRA tax deduction, convert to ROTH

A friend of mine in his early 20's just got a job where the employer does not offer a 401K or retirement plan. In this case, can he open a Traditional IRA, contribute the full amount to the TIRA of $5500 for 2018, convert to a Roth IRA soon after, and take the full tax deduction for 2018 taxes? Thanks
by sixty40
Sat Oct 06, 2018 1:35 am
Forum: Personal Finance (Not Investing)
Topic: getting paid as a contractor
Replies: 33
Views: 2421

Re: getting paid as a contractor

Is there any way I can prevent this sort of thing from happening in the future other than not to take the job? Unfortunately the harsh reality is "no". We are in a different design field from you and we are a subcontractor, 2 tiers from the owner, and even though we have very strong language in our...