Search found 172 matches

by Dantes
Fri Apr 20, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 194
Views: 11184

Re: KF's simple rules to achieve FI

1) The goal is Financial Independence. It is not retirement. Hence, a person may choose to work, not work, or spend more money, or do something in between. It's hard for me to see the difference between being able to choose not to work and retirement - financially speaking. I could have chosen not ...
by Dantes
Fri Apr 20, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 97
Views: 7202

Re: NYT article: Everyone should hire a financial planner

Why do you need state of the art? There is real value in letting go of that requirement since investing results don't yield to the pursuit of expertise. It's fine if it's your hobby, or you have a complicated business or estate but the discussion is whether everyone should hire a financial planner....
by Dantes
Thu Apr 19, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Voya sold my annuity to a LLC. Keep it or cash in?
Replies: 2
Views: 490

Re: Voya sold my annuity to a LLC. Keep it or cash in?

This seems relevant: https://www.sec.gov/Archives/edgar/data/1535929/000119312517375461/d498024d8k.htm Item 1.01 Entry Into a Material Definitive Agreement On December 20, 2017, Voya Financial, Inc. a Delaware corporation (the “Company”), entered into a Master Transaction Agreement (the “Agreement”)...
by Dantes
Thu Apr 19, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: [When is going out to a restaurant worth it to you?]
Replies: 71
Views: 5161

Re: [When is going out to a restaurant worth it to you?]

I love to cook, and my wife cooks as well. But, we also enjoy eating out. Usually Friday and Saturday, we're at home, and we'll put together some nice meals, grill out, drink wine, etc. A lot of times on Sunday, we'll go into the city to do some walking, errands, shopping, etc., then find a place f...
by Dantes
Thu Apr 19, 2018 6:52 am
Forum: Investing - Theory, News & General
Topic: Goof? Prime MM, "retail," "Admiral," $5 million minimum?
Replies: 20
Views: 2617

Re: Goof? Prime MM, "retail," "Admiral," $5 million minimum?

That certainly looks like an institutional requirement. I think there has been some change etween Admiral and Institutional. A search for 'Vanguard Fund 0066" on one of the lesser users search engines (which I believe to be less frequent in its updates) returns: "Vanguard - Vanguard Prime Money Mark...
by Dantes
Fri Apr 13, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Cedar Fence: is Maintenance required?
Replies: 30
Views: 1974

Re: Cedar Fence: is Maintenance required?

Climate likely matters. My cedar fence was not maintained, never stained or painted. It slowly collapsed as wood rotted until it was dangerous to leave it standing. Replaced with pine. One of the most curious things about this forum is that people are meticulous about demanding financial circumstan...
by Dantes
Tue Apr 03, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: How did you file your income taxes?
Replies: 77
Views: 3802

Re: How did you file your income taxes?

KPMG did my return, all 148 pages. I have no idea what is in all that nonsense. I cross-check a few key lines vs previous years and sign it. Is this thread actionable? Certainly its actionable. I'm interested in how others do taxes - maybe there will be a way that seems better to me. Fillable forms...
by Dantes
Tue Apr 03, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: How did you file your income taxes?
Replies: 77
Views: 3802

Re: How did you file your income taxes?

Taxact for federal taxes. By hand for state taxes because (1) Mass dropped perfectly good custom on-line tax software, and pretends that using the various commercial applications is an improvement, (2) I don't want to pay $37 or whatever dollars it was to file a state tax because we file in two stat...
by Dantes
Sun Apr 01, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: [Estate tax] on savings accounts?
Replies: 19
Views: 868

Re: death tax on savings accounts?

Dying is free. Its what comes afterwards that might cost money. Taxes are based on the total value of the estate. Federal inheritance tax currently starts when the estate is valued well into the millions. State taxes vary.
by Dantes
Sat Mar 31, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Medicare - now or later?
Replies: 20
Views: 1606

Re: Applying for Medicare - now or later?

I just signed up for Part B about 20 months after turning 65; I was covered by my employer's heath plan and did not need it at 65. When I was ready to retire I got a letter from HR stating that I had been insured through employment throughout the period fro 65 to date of retirement. I went to the lo...
by Dantes
Sat Mar 31, 2018 5:54 am
Forum: Personal Consumer Issues
Topic: $20,000 book - what to do with it
Replies: 34
Views: 5513

Re: $20,000 book - what to do with it

I think copyright on this book has lapsed, and if it has, I would be happy to pay to digitize it and put it on the internet for everyone to read and keep the original copy for myself, assuming I can find a way to store it. You said elsewhere that Harvard has one of the other copies. Much of Harvard...
by Dantes
Fri Mar 30, 2018 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Resign from job or possible termination
Replies: 76
Views: 9031

Re: Resign from job or possible termination

You are the best judge of your health, and the impact of your current situation. How long do you think things will drag on before your position is terminated? Is your organization large enough to be subject to COBRA (I think its 20 employees or more)? If so that would provide access to health insura...
by Dantes
Wed Mar 21, 2018 6:07 am
Forum: Investing - Theory, News & General
Topic: Partial Roth Conversion & i-ORP data
Replies: 17
Views: 911

Re: Partial Roth Conversion & i-ORP data

My working assumption is that
Possible health concerns of a spouse if faced with a serious disease
is a reason to NOT do Roth conversions for ALL one's tax-deferred funds. If one has large medical expenses I believe they will be deductible.
by Dantes
Wed Mar 21, 2018 5:52 am
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 87
Views: 6147

Re: What have you baked recently?

DW has been baking the no-knead 12-to-18-hour rise bread every week (or more often) for a couple of years now, and it is wonderful. I would not eat any standard commercial packaged bread now. Her recipe comes from the Jim Lahey My Bread cookbook. I'm a big fan of oatmeal bread, and have been looking...
by Dantes
Sat Mar 17, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 8206

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

This is your wife's boss that's offering to manage your money? What if you are unhappy with his performance - would you feel comfortable removing your assets? I wouldn't do it for that reason alone. Agree with this 100%. Even if your wife's boss was offering his services gratis, it still wouldn't b...
by Dantes
Wed Mar 07, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 10468

Re: Ok fellow bogleheads, was the correction scary or nothing?

The thread title uses the past tense. Like whatever it was is over.
by Dantes
Mon Mar 05, 2018 7:22 am
Forum: Investing - Help with Personal Investments
Topic: How much tax do I pay on money from 401k?
Replies: 12
Views: 1730

Re: How much tax do I pay on money from 401k?

You could transfer your 401K to an annuity fund - and don't get tax on annuity payment however, the current annuity is low - below US Treasuries rate I don't believe this is correct. If you use money from a tax-deferred account to buy an annuity why would't annuity payments be taxed? Even the retur...
by Dantes
Tue Feb 27, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Physical cash
Replies: 121
Views: 7885

Re: Physical cash

We start each week with $400. That's groceries, a dinner out, $40 for the car, and walking around money. We are not particularly frugal. Cash is so much simpler for purchases, the (no longer) new chip cards are painfully slow.
by Dantes
Mon Feb 26, 2018 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Help with GIANT interest car loan (28%)
Replies: 44
Views: 5364

Re: Help with GIANT interest car loan (28%)

I'm surprised 28% is legal; usury limits are lower than that at the federal level, and for most states as well.
by Dantes
Thu Feb 22, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: Terminology question: what does "losing money" mean?
Replies: 71
Views: 3085

Re: Terminology question: what does "losing money" mean?

I would have said 1) all three funds lost money.

You asked (I think) how people would use language to describe what happened. So there are no right or wrong answers, its individual behaviors. For me the relationship between returns and inflation is baked in to the way I think about such things.
by Dantes
Fri Feb 16, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 11451

Re: I'm Cancelling My Home Insurance

I don't get the point of this. If you can easily afford the replacement cost of the house then the cost of insurance is chump change.
by Dantes
Sun Jan 21, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: Rent (free at library) or buy books?
Replies: 50
Views: 3060

Re: Rent (free at library) or buy books?

I buy physical books. The only time I read ebooks is when I'm traveling; and then its usually books out of copyright and available for free. I'm fortunate to spend time in a location with excellent new and used bookstores. Buying and reading books is my main luxury. I read relatively few new books, ...
by Dantes
Sat Jan 20, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding acct to pull money for a new car?
Replies: 10
Views: 679

Re: Deciding acct to pull money for a new car?

It also depends on what your tax rate would be on withdrawals from tax deferred; if you would owe capital gains then its possible you are in the new 12% bracket. That would certainly be attractive. You don't say if you are receiving Social Security and if there would be tax impact there as well.
by Dantes
Thu Jan 18, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: What are some good, older threads?
Replies: 20
Views: 2135

Re: What are some good, older threads?

One of my favorite threads is the thread of favorite threads,

viewtopic.php?f=9&t=143500&newpost=2586785

And I will add I think I have read all of munchkinman's posts, and nearly all of sscritic - thats two very different poster!
by Dantes
Fri Dec 29, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 9756

Re: Plow Guy Raised Rates

I'd say the lack of notification is plenty of incentive to look for another plow guy. I can't imagine there's not plenty of competition. Every town in Maine with a population of 1000 must have 10 guys who would like to make a living plowing driveways.
by Dantes
Thu Dec 28, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare choices unclear while still employed
Replies: 7
Views: 513

Re: Medicare choices unclear while still employed

I'm over 65 and still working. We were expected to sign up for Medicare Part A at 65; as you note there is no cost and no downside unless one wants to contribute to an HSA. I will sign up for Medicare Part B when I am a month or two from retirement, to start the month after the month when I retire (...
by Dantes
Wed Dec 27, 2017 9:47 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2977
Views: 917499

Re: What Book Are You Currently Reading? Part VI

The Midnight Line by Lee Child. One of his best.
by Dantes
Wed Dec 27, 2017 9:44 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2977
Views: 917499

Re: What Book Are You Currently Reading? Part VI

Moby-Dick or The Whale (1851) by Herman Melville After years of putting it off, I have finally decided to go to sea. That is, I will embark on the reading of Moby-Dick! This will be a long journey, some 730 pages. I am only on page 7, but have already decided I quite enjoy the narrator’s musings. I...
by Dantes
Tue Dec 26, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: How much to covert to Roth?
Replies: 27
Views: 2560

Re: How much to covert to Roth?

How did you contribute to a Roth IRA this year without W-2 income? Is it possible with just 1099-MISC income?

Also, I assume the 35K stipend you are including in your tax calculations is after the payment of qualified expenses such as tuition and books.
by Dantes
Sun Dec 24, 2017 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Explain the new tax bill 12% bracket to me
Replies: 18
Views: 3557

Re: Explain the new tax bill 12% bracket to me

$1,905 + 15% of the amount over $19,050 is from the former brackets. There are lots of web sites still up with outdated information.

Oblivious Invester has a nice simple 2018 bracket listing at https://obliviousinvestor.com
by Dantes
Sat Dec 23, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Sell taxable while in 0% capital gains bracket (to help cost basis)?
Replies: 16
Views: 1435

Re: Sell taxable while in 0% capital gains bracket (to help cost basis)?

betablocker wrote:
Sat Dec 23, 2017 8:08 am
I’d also look into the rule for the ACA 3.8% tax.
In the 15% tax bracket?
by Dantes
Sat Dec 23, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Sell taxable while in 0% capital gains bracket (to help cost basis)?
Replies: 16
Views: 1435

Re: Sell taxable while in 0% capital gains bracket (to help cost basis)?

I personally would sell the non-covered shares, and immediately repurchase the same funds (unless you need to rebalance). It makes future tax gain or tax loss harvesting simpler, and since your basis will be higher it makes the possibility of tax loss harvesting much higher.
by Dantes
Fri Dec 22, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 22381

Re: Do you see a meaningful change in your income with new Tax Bill?

No, not meaningful.

We've claimed standard deduction for a few years now, so we get a bit of benefit from the slight increase provided by the new deduction amount (compared to the previous deduction plus exemption amount), and the slightly lower tax rate. Its way less than, say, a decent raise.
by Dantes
Fri Dec 22, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Strategy for month of the year to retire
Replies: 33
Views: 2674

Re: Strategy for month of the year to retire

I expect to retire in a few months. The primary driver for timing was crossing a work anniversary that is also a vesting point for retiree benefits. To that date I added a bit of safety margin, and then a couple of more days so that I work just into an additional month; that provides one more month ...
by Dantes
Thu Dec 21, 2017 6:57 am
Forum: Personal Consumer Issues
Topic: Selling an out of print book
Replies: 12
Views: 1214

Re: Selling an out of print book

There is not a direct relationship between scarcity and value. For there to be some kind of predictable value there needs to be known demand. The usual reason for a book from 2011 to be out of print is that the book was not selling enough to make it worthwhile to keep in print. The usual reason for ...
by Dantes
Fri Dec 08, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 7170

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

OP - I didn't start in IT until I was older than you are now, so you are way ahead of where I was at that time, and things worked out ok for me. However, I had a BA degree; without that I would have gotten nowhere. Sure it was in English literature, and its true I also racked up a lot of math and co...
by Dantes
Fri Dec 08, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 998

Re: help me predict investment return of my kid's IRA

4%,compounded annually, 42 years, would be $29,428. But if you continue to put in 5500 (458.33 monthly) every year for the next 42 years, they would have $627,629. I think that would make a really good lesson for them. Thats not based on historical market performance, but whats the point of everyone...
by Dantes
Thu Dec 07, 2017 6:23 am
Forum: Investing - Help with Personal Investments
Topic: LMP until Social Security at 70
Replies: 10
Views: 1059

Re: LMP until Social Security at 70

Those remaining three years presumably represent about $180,000. If you pick up an extra per cent of return over the five years before you access those funds your additional return would be just under $10,000. For five years out I personally would go for a conservative blend of stocks and bonds, but...
by Dantes
Tue Nov 28, 2017 10:29 pm
Forum: Personal Consumer Issues
Topic: 2018 Goals - Financial or Otherwise
Replies: 68
Views: 5944

Re: 2018 Goals - Financial or Otherwise

1. Retire. That should be easy since I'll be late to retirement. 2. Put up a web site that I have been planning for about a year. 3. Work my way though a calculus textbook with some discipline. When I took calculus in an evening course many years ago I thought it excessively mechanical, but I had yo...
by Dantes
Sun Nov 26, 2017 8:19 am
Forum: Personal Consumer Issues
Topic: The annoying insistence on frivolous credit checks/pulls
Replies: 35
Views: 3553

Re: The annoying insistence on frivolous credit checks/pulls

I froze my credit after the Equifax (pirates) hack after reading here that many have done it and it was not an inconvenience. It was said that when applying for credit just find out which bureau (spy) they use and unfreeze that one. So, a few weeks ago I wanted to apply for a new credit card so I c...
by Dantes
Sun Nov 26, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: Furniture
Replies: 22
Views: 2132

Re: Furniture

We have one piece of quality furniture we purchased early on, when it was a real sacrifice. 35 year later we still have it; its still well made and its still comfortable. DW makes noises about having it reupholstered, but that does not seem urgent. So we certainly do not regret that. But we haven't,...
by Dantes
Fri Nov 24, 2017 8:07 am
Forum: Personal Consumer Issues
Topic: Geneology: finding the house a dead relative lived in.
Replies: 14
Views: 1366

Re: Geneology: finding the house a dead relative lived in.

In the rural town I grew up in there were no street numbers until there was a state-wide push to assign numbers when state-wide 911 was implemented. Local tax assessment - for decades before and after the forties - was based on property maps and "lot numbers". These were multi-page maps of the towns...
by Dantes
Thu Nov 23, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: "Got $1 million to retire? Here’s how long it will last, by U.S. state"
Replies: 54
Views: 14350

Re: "Got $1 million to retire? Here’s how long it will last, by U.S. state"

So here is how they come up with 19 years 7 months for Maine, the state I expect to live in when retired: They use a single national figure for average household expenses 65 or more years old, 45,756. They multiply that by the 2nd quarter cost of living index which is by state; 111.7 for Maine. 1.11...
by Dantes
Sun Oct 29, 2017 7:49 am
Forum: Investing - Theory, News & General
Topic: What strategies do you use to manage risk in your portfolio?
Replies: 21
Views: 1467

Re: What strategies do you use to manage risk in your portfolio?

1, 6, and 7. Plus having adequate guaranteed income.

I assume #2, diversification, is something different from a traditional asset allocation?
by Dantes
Sun Oct 15, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: When everything goes up, what goes down & vice versa
Replies: 28
Views: 3520

Re: When everything goes up, what goes down & vice versa

If every type of investment goes up then more money is being spent on investments of all types. That money must come from someplace, so doesn't that imply that cash deposits are reduced, or that debt is increased, or that the money supply is raised?
by Dantes
Sat Sep 30, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Boston to Bar Harbor trip
Replies: 33
Views: 2518

Re: Boston to Bar Harbor trip

hoops777 wrote:
Sat Sep 30, 2017 3:09 pm
Also wondering how the fall colors are doing.
Thanks!
Colors are late this year. I am in Maine this weekend and there is the merest hint of color in the trees. Usual the peak color is in another week or two but I doubt that for this year.
by Dantes
Fri Sep 15, 2017 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6924

Re: Have X times your salary saved by age Y.

Its all about expenses. Bogleheads has a lot of posts from people about maximizing tax-deferred savings, and it also has a lot of posts from people discussing how to minimize the amount of tax-deferred savings they have to withdraw. Saving 25 times your salary makes sense if (1) your savings will be...
by Dantes
Wed Aug 23, 2017 9:21 pm
Forum: Personal Consumer Issues
Topic: Miles Davis: Kind of Blue - Question for Jazz experts
Replies: 49
Views: 3812

Re: Miles Davis: Kind of Blue - Question for Jazz experts

Also no expert. But try recordings by Bill Evans; he was pianist on Kind of Blue, and released quite a few recordings with trios or as solo pianist. His solo of "Never Let Me go" on his album Alone is one of my all time favorites.
by Dantes
Mon Aug 21, 2017 7:12 am
Forum: Personal Consumer Issues
Topic: Best internet provider in Boston?
Replies: 8
Views: 803

Re: Best internet provider in Boston?

I have Comcast for Internet, just across the river from OP, and have had no problems with it; speed is fine for my needs, and its very rare to have a slowdown.