Search found 246 matches

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: 2775

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: 8
Views: 978

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: 1977

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: 1977

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: 2048

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: 1488

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: 1488

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: 1488

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: 2048

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: 567

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: 1591

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: 1512

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: 1243

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: 31119

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: 538

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: 1006

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: 236

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: 1176

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: 2776

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: 4046

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: 162
Views: 22631

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: 9106

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: 389

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: 82
Views: 5813

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: 1492

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: 321

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: 321

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: 2382

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...
by sixty40
Tue Oct 02, 2018 8:08 pm
Forum: Personal Consumer Issues
Topic: Need Good Ankle Brace for Golfing - Recommendations Please!
Replies: 10
Views: 616

Re: Need Good Ankle Brace for Golfing - Recommendations Please!

I have sprained and twisted my right ankle numerous times playing basketball in my younger age. I still twist my ankle every so often playing softball, tennis, golf, hiking, and just regular walking. Sometimes any type of undulation will cause my ankle to twist especially playing golf. I am suscepti...
by sixty40
Sun Sep 23, 2018 9:10 am
Forum: Investing - Theory, News & General
Topic: Vanguard for business 401K?
Replies: 12
Views: 852

Re: Vanguard for business 401K?

We use Hicks Pension Services as our TPA and we are very happy with them, they are very responsive to any questions you have, we have used them for the past 20yrs. I am not familiar with a 3(38)? I looked into vanguard but a couple of our employees need more face to face interaction and Vanguard doe...
by sixty40
Sat Sep 22, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Has anyone gone to a Retirement Wealth Academy seminar?
Replies: 17
Views: 3042

Re: Has anyone gone to a Retirement Wealth Academy seminar?

I have not gone to this particular one but I have gone to an investment seminar probably like this one back about 20 yrs ago. It was at a hotel large banquet or conference room, had about 200-300 people, it was sponsored by someone well know (not Tony Robbins) but someone similar at that time, obvio...
by sixty40
Tue Sep 11, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Father Wants a Home Mortgage (Bad Credit Score)
Replies: 43
Views: 3389

Re: Father Wants a Home Mortgage (Bad Credit Score)

Where can he go to find one of these private investors? He is seeking a formal agreement similar to a conventional mortgage, so he would be willing to use the home as collateral. I did not get into details with her, but her divorce attorney told her about it and most likely she will need to take th...
by sixty40
Mon Sep 10, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Father Wants a Home Mortgage (Bad Credit Score)
Replies: 43
Views: 3389

Re: Father Wants a Home Mortgage (Bad Credit Score)

Is there anyone out there who would be willing to invest in real estate as a private lender in this instance (if so, at what interest rate)? If not, is there anything else any of you would recommend? From a friend who is finalizing her divorce, her credit is shot, and has to pay about $300k to sett...
by sixty40
Tue Aug 28, 2018 6:59 am
Forum: Personal Investments
Topic: cost basis research
Replies: 8
Views: 503

Re: cost basis research

I have done something similar. I had to research BofA (BAC) stock back to the 1980's, all records were lost or never kept except I did have the original stock certificate which had number of shares bought and date bought. I sold the stock about 6-7 yrs ago. Basically I had to find a site that I can ...
by sixty40
Sun Aug 26, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: What to put in a care package for college student
Replies: 44
Views: 2834

Re: What to put in a care package for college student

We sent our child off to college with a 24 pack of Cup Noodles from Costco.
by sixty40
Thu Aug 23, 2018 4:26 pm
Forum: Personal Investments
Topic: First timer: ETF purchase from Vanguard Brokerage
Replies: 9
Views: 1036

Re: First timer: ETF purchase from Vanguard Brokerage

Just to verify, if I have $0 in my settlement fund and buy an ETF, I can immediately submit a transfer from my Prime Money Market fund to the settlement fund and I will be OK? Basically, will my prime money market funds reach the settlement fund by the ETF settlement date deadline? Yes it is OK to ...
by sixty40
Thu Aug 23, 2018 4:14 pm
Forum: Personal Investments
Topic: Withdrawals and capital gains taxes
Replies: 4
Views: 588

Re: Withdrawals and capital gains taxes

If you never sold anything before, I assume you have read up on Wash Sales and the tax strategy of what to sell first such as in Short Term Loss, Long Term Loss, Short term gain, Long Term Gain.
by sixty40
Thu Aug 23, 2018 3:20 pm
Forum: Personal Investments
Topic: buying Fidelity funds in a Vanguard account for purposes of tax loss harvesting
Replies: 23
Views: 1472

Re: buying Fidelity funds in a Vanguard account for purposes of tax loss harvesting

There's only one Vanguard ETF--VWO, which is just the ETF version of VEMAX (that I am TLH-ing away from), and so it wouldn't work as a TLH partner. So I'm back to having to get a non-Vanguard TLH partner for emerging markets. Does anyone know of a way to buy a partner (either an ETF or a mutual fun...
by sixty40
Mon Aug 20, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: My son was scammed on Craigslist- how to get money back
Replies: 55
Views: 11021

Re: My son was scammed on Craigslist- how to get money back

I was scammed out of about $180 back when I. Was making $3.25/hr minimum wage, I was 19 yrs old. I was so mad at myself, I practically saw it coming and was still scammed. It has been the best lesson of my life, still remember to this day how it felt. If any consolation, better to get scammed younge...
by sixty40
Mon Aug 13, 2018 10:11 pm
Forum: Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 60
Views: 9205

Re: Asked my advisor about fees and here's their reply

So.....any thoughts on how this compares to other financial planning companies? Did I just get absolutely fleeced for the last decade? If I move to Vanguard I'm looking at dropping from 1.45% to below .3% right? I'm super uneducated financially but if I'm doing it right the 350K I have with them ha...
by sixty40
Sat Aug 11, 2018 7:00 pm
Forum: Personal Investments
Topic: “Safe” investment approaching retirement
Replies: 17
Views: 1983

Re: “Safe” investment approaching retirement

If you are well off financially, I assume you will have a decent amount of income each year, so maybe consider a muni bond fund such as VG Limited Term Tax-Exempt fund, 2.5 yr avg duration, SEC yield 1.89%, fairly stable, exempt from federal tax. The intermediate term tax-exempt bond fund has a dura...
by sixty40
Sat Aug 11, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 134
Views: 11170

Re: Anyone noticing Vanguard website changes today Saturday August 11

Nothing new on mine either, mutual funds are still separate from brokerage holdings.
by sixty40
Sat Aug 11, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - confused about limits
Replies: 8
Views: 1079

Re: Umbrella insurance - confused about limits

I have similar policies at Geico, almost identical. I do not think Geico offers 300/300, I also have 300/500. The $1M umbrella is above and beyond the auto limits, first you expend the 300/500 and if it goes over, then your $1M kicks in, that is how it was explained to me. They do offer 300/300. So...
by sixty40
Sat Aug 11, 2018 12:41 am
Forum: Personal Investments
Topic: Personal Rate of Return
Replies: 3
Views: 758

Re: Personal Rate of Return

Maybe this can answer it. Lets say you had investment returns of of $68.8k and purchases and withdrawals of $471.2k, so your rate of return is 14.6%. The you sell $222.1k, so now your purchases and withdrawals is $249.1k but your investment return is still $68.8k, now your return can look to be 27.6...
by sixty40
Sat Aug 11, 2018 12:07 am
Forum: Personal Finance (Not Investing)
Topic: PMI at 80% question
Replies: 7
Views: 731

Re: PMI at 80% question

If the bank offers a refund of the difference, and the cost of the inspection/appraisal including any fees or penalties are less than the refund amount, why wouldn't you do it? Is there another reason to keep paying PMI? I assume the appraiser would have to be bank approved.
by sixty40
Fri Aug 10, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - confused about limits
Replies: 8
Views: 1079

Re: Umbrella insurance - confused about limits

I have similar policies at Geico, almost identical. I do not think Geico offers 300/300, I also have 300/500.
The $1M umbrella is above and beyond the auto limits, first you expend the 300/500 and if it goes over, then your $1M kicks in, that is how it was explained to me.
by sixty40
Fri Aug 10, 2018 11:28 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting // Wash Sale Help
Replies: 2
Views: 380

Re: Tax Loss Harvesting // Wash Sale Help

VT, VTI, VOO, VSUX, VXF, all are not substantially identical to each other so no wash sale if sell any of these at a loss and buy another.

If VT is no longer in your long term plans, I would just sell it at a loss to offset your gains, and then buy what you want. That is what I would do.
by sixty40
Fri Aug 10, 2018 10:24 pm
Forum: Personal Investments
Topic: Tax-Exempt Bond Fund, Reinvested Dividends, Wash Sale
Replies: 13
Views: 697

Re: Tax-Exempt Bond Fund, Reinvested Dividends, Wash Sale

I have had wash sales, it is not a big deal, usually only a few dollars disallowed so not of any concern. I'm curious as to how this is handled by Vanguard. The year end realized gain/loss paperwork will reflect the disallowed amount right? So basically I don't need to do the math myself, I can jus...
by sixty40
Fri Aug 10, 2018 5:37 pm
Forum: Personal Investments
Topic: I have 2 401k's need some advice.
Replies: 9
Views: 498

Re: I have 2 401k's need some advice.

I would move it to a IRA (you mention Roth IRA but you will pay taxes on all of it), unless there is a good reason to leave it. Some states may offer better protection for 401Ks vs IRAs, such as for divorce or wage garnishment or being sued. I administer a 401K plan for our small company and there ...
by sixty40
Fri Aug 10, 2018 5:30 pm
Forum: Personal Investments
Topic: Tax-Exempt Bond Fund, Reinvested Dividends, Wash Sale
Replies: 13
Views: 697

Re: Tax-Exempt Bond Fund, Reinvested Dividends, Wash Sale

^The OP stated there are no gains even if they use Average Cost as the basis method, so no taxes. I read it as there is a net $200 unrealized loss, but that can be, as an example, $1000 in losses and $800 in gains which nets $200 unrealized losses, so one can sell all the losses and you end up with...