Search found 943 matches

by EHEngineer
Wed Jun 03, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Supplement or replace employer disability insurance
Replies: 13
Views: 695

Re: Supplement or replace employer disability insurance

The Guardian/Mass Mutual policy will also be portable between jobs. If OP opts out of group DI and purchases the individual policy at the maximum coverage for which s/he is eligible, what happens if OP takes another job with mandatory group DI (assuming same pay, job classification, etc)? Will the ...
by EHEngineer
Tue Jun 02, 2020 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Supplement or replace employer disability insurance
Replies: 13
Views: 695

Re: Supplement or replace employer disability insurance

The Guardian/Mass Mutual policy will also be portable between jobs. If OP opts out of group DI and purchases the individual policy at the maximum coverage for which s/he is eligible, what happens if OP takes another job with mandatory group DI (assuming same pay, job classification, etc)? Will the ...
by EHEngineer
Mon Jun 01, 2020 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Supplement or replace employer disability insurance
Replies: 13
Views: 695

Re: Supplement or replace employer disability insurance

If you can afford the premiums of private insurance then replace the employer based coverage. Otherwise supplement as you have suggested.
Suggest you get an insurance agent who works with all the big DI insurers, they will do the shopping legwork for you, and the premiums will be the same.
by EHEngineer
Wed Apr 29, 2020 5:16 pm
Forum: Personal Investments
Topic: Deviating from "set it and forget it" investment approach
Replies: 63
Views: 4891

Re: Deviating from "set it and forget it" investment approach

Instead of changing your current holdings, have you considered setting a new target asset allocation,then transitioning by putting all dividends & new contributions into bonds/cash until you attain the new allocation? This avoids tax consequences. Alternatively you could implement a glide path to yo...
by EHEngineer
Tue Apr 28, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Household budget advice please
Replies: 13
Views: 1097

Re: Household budget advice please

cell phone(s) medicine school fees & supplies gifts (to people outside your household) FWIW, I have one major category called "discretionary" that ecompases all the non-fixed expenses. I find categorizing at the level you've listed exhausting and not helpful. Imagine shopping at costco, where you ca...
by EHEngineer
Sat Apr 25, 2020 6:19 pm
Forum: Personal Investments
Topic: Mother has only $85K to sustain her
Replies: 81
Views: 8309

Re: Mother has only $85K to sustain her

That is way too complicated an investment plan, and none of those dividends are guaranteed. Yes, in order to reasonably answer the question one needs to know more about her overall income vs expenses. This might be a perfect situation for a Single Premium Immediate Annuity - if you look on the imme...
by EHEngineer
Thu Apr 09, 2020 8:33 am
Forum: Personal Finance (Not Investing)
Topic: NYT hit piece on Donor Advised Funds
Replies: 67
Views: 2774

Re: NYT hit piece on Donor Advised Funds

I guess what I don’t understand is, besides reducing your tax obligation, what do these big DAF holders get ? I mean, if you put $500million in a DAF to save taxes on the other $2.5billion you received you still can’t use the DAF as a personal checking account. Even if it sits there, it never works...
by EHEngineer
Wed Apr 08, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with creative solution to company booting me out of 401K
Replies: 51
Views: 3513

Re: Need help with creative solution to company booting me out of 401K

In order to be considered a self-employed individual eligible to adopt a one-participant 401k. You must be engaged in a trade or business in a considerable, regular, and continuous activity and you must have a profit in the current or any prior year, This is news to me. Will you tell me where it co...
by EHEngineer
Wed Apr 08, 2020 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Need help with creative solution to company booting me out of 401K
Replies: 51
Views: 3513

Re: Need help with creative solution to company booting me out of 401K

Many of us will have multiple employer plans during our careers. Kicked out or not, I preferred to roll each such plan into my self-managed Schwab three-fund IRA. It's grown very nicely and has an asset allocation that I control and let's me sleep at night. I do a backdoor IRA so this will not work...
by EHEngineer
Tue Apr 07, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with creative solution to company booting me out of 401K
Replies: 51
Views: 3513

Re: Need help with creative solution to company booting me out of 401K

Many of us will have multiple employer plans during our careers. Kicked out or not, I preferred to roll each such plan into my self-managed Schwab three-fund IRA. It's grown very nicely and has an asset allocation that I control and let's me sleep at night. I do a backdoor IRA so this will not work...
by EHEngineer
Sat Mar 28, 2020 3:44 pm
Forum: Personal Consumer Issues
Topic: Bosch Crystal Dry - any personal experiences with this witchcraft?
Replies: 40
Views: 5445

Re: Bosch Crystal Dry - any personal experiences with this witchcraft?

I did not have a dishwasher for most of my life and I washed a lot of dishes. It's not the worst work but it gives me back pains after a while. It is also more time consuming. Get thee to Amazon and search for “kitchen pad.” Simple and effective. ETA: I use my dishwasher, but our pad is wonderful t...
by EHEngineer
Thu Mar 19, 2020 11:32 pm
Forum: Personal Investments
Topic: [Vanguard Target Retirement 2050 - how does it work?]
Replies: 11
Views: 452

Re: Where may I ask about Vanguard Website?

There is a vanguard Target Date Fund I want to invest in called Vanguard Target Retirement 2050 Fund Investor Shares MUTF: VFIFX I haven't bought it yet because I need to save 1000 for the minimum. I read that it is more automatic and it automatically rebalances. That's all good but I want to know ...
by EHEngineer
Thu Mar 19, 2020 6:09 pm
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18588

Re: Munis getting slaughtered!

Incorrect, it was 115.87 on 2/19 and closed today at 101.52., decline of 12.5%. It started the year at 114.01, down 11% for the year. Yes, overlooking a couple quibbles, I confirmed your results on yahoo finance. This is the first time I've seen deceivingly incorrect data on morningstar. Here's the...
by EHEngineer
Thu Mar 19, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18588

Re: Munis getting slaughtered!

MUB is down 14% from 4 weeks ago.....most of that drop happening in the last 3 or 4 days. Check again. It's down 4.5% from 2/19 (S&P500 peak) to 3/18, aka 4 weeks ago. It's down only 2.75% YTD. Hardly "slaughtered" It appears down another 2.3% today, but that's not shown in morningstar data yet.
by EHEngineer
Thu Mar 19, 2020 2:12 pm
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18588

Re: Munis getting slaughtered!

Ugh so much for safety in bonds. Should i sell at a loss and invest in treasuries, or just hang on and hope the govt bails them all out? so much emotion here. which muni's are you talking about? Did you look at muni performance in late '08 / early '09 before you bought munis? some of them went down...
by EHEngineer
Sun Mar 15, 2020 5:27 pm
Forum: Investing - Theory, News & General
Topic: Logging Historical Portfolio Value in Google Sheets
Replies: 1
Views: 127

Re: Logging Historical Portfolio Value in Google Sheets

I do something similar. Beware the pricing update lags. Some funds update in the early am, and if your script runs at 10pm you will have stale prices. Also, some tickers can go dormant and not update for days or weeks.
by EHEngineer
Fri Mar 13, 2020 9:45 pm
Forum: Personal Investments
Topic: Why to have an Investment Policy Statement
Replies: 7
Views: 683

Re: Why to have an Investment Policy Statement

Excellent post. One must chart a course before one can stay the course. Having an IPS is important in keeping a commitment to passive indexing for long periods. If I may ask about a detail. When you pay down your mortgage, how do you account for your effective savings rate when the mortgage ends ear...
by EHEngineer
Wed Mar 11, 2020 4:00 pm
Forum: Personal Investments
Topic: Are Bonds still worth buying right now?
Replies: 6
Views: 1130

Re: Are Bonds still worth buying right now?

I wouldn't make any changes. Your question is implicitly a request for predictions on future interest rates. Nobody knows what they will be. "Don't do something. Just stand there." You shouldn't think in terms of account asset allocations ie "401k asset allocation." You should think about overall as...
by EHEngineer
Sun Mar 08, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance claim - Which assets are protected ?
Replies: 8
Views: 1015

Re: Umbrella Insurance claim - Which assets are protected ?

This article from 2016 says that 401ks are protected to the extent they support a persons retirement. And 529s are not protected.

https://www.forbes.com/sites/jayadkisso ... 576b352355

I'm not a lawyer.
by EHEngineer
Mon Mar 02, 2020 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 8995-A delayed until March 2020
Replies: 21
Views: 2937

Re: H&R Block 8995-A delayed until March 2020

I used H&R Block Deluxe (Windows) prior to the 2/14/20 update that pushed out form 8995. Even though our 1099-DIVs included entries in line 5 for Section 199A dividends, the pre-updated software did not indicate an error or warning that I should delay filing pending release of the 8995 form. My fil...
by EHEngineer
Sat Feb 29, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: CPA relationships/advice
Replies: 24
Views: 1350

Re: CPA relationships/advice

I have used a few CPAs over the years. I never found one who was willingly "on-board" with advising before the fact, like you describe with your parents. My CPAs just wanted to fill out the tax returns. I get better advice on bogleheads, so now I do my own taxes.
by EHEngineer
Sat Feb 29, 2020 1:54 pm
Forum: Personal Investments
Topic: Best mechanism for realizing capital gains?
Replies: 4
Views: 290

Re: Best mechanism for realizing capital gains?

Hi all, I have a question about how to best go about realizing capital gains. At present, most of my taxable investments are with Vanguard in index mutual funds. If I call and ask nicely, will Vanguard let me sell a fund and re-buy the same fund with the proceeds, that same day? I know about the 30...
by EHEngineer
Sat Feb 29, 2020 1:33 pm
Forum: Personal Investments
Topic: Elderly parents with Edward Jones
Replies: 11
Views: 1026

Re: Elderly parents with Edward Jones

Usually they charge 5.75% for new contributions. So when parents buy $10,000 of AGTHX on Monday, Tuesday morning they have shares worth $9,425. The other place is the expense ratio of the funds. That is included in the fund price performance, so you cannot easily break it out. If parents are elderly...
by EHEngineer
Tue Feb 18, 2020 11:21 pm
Forum: Personal Investments
Topic: Muni bond fund in taxable? (Tax-advantaged used up)
Replies: 19
Views: 1309

Re: Muni bond fund in taxable? (Tax-advantaged used up)

Does your 401k accept incoming transfers? If so, you can move your IRA into your 401k to simplify and set you up for backdoor roth contributions. If your roth contributions are difficult based on your cashflow, you should move taxable investment money into the roth. Don't miss a year of roth contrib...
by EHEngineer
Tue Feb 18, 2020 11:04 pm
Forum: Personal Investments
Topic: Securities Backed Line of Credit (SBLOC) alternatives
Replies: 1
Views: 192

Re: Securities Backed Line of Credit (SBLOC) alternatives

In my limited experience, small local banks are the best source of lending for small businesses. Usually you can talk directly to the VP or president of the bank, tell them about yourself and your business and get a line of credit when big banks won't even consider you. One stipulation they gave to ...
by EHEngineer
Tue Feb 18, 2020 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Opinions on whether to renew my disability policy
Replies: 8
Views: 412

Re: Opinions on whether to renew my disability policy

You might consider shopping for another policy. My DI policy has a 18X ratio of monthly benefit to monthly premium. Yours is more like 10x. Maybe you have a different occupation classification, or you chose Guardian. It is an own-specialty plan, and it is guardian. Why did you mention Guardian spec...
by EHEngineer
Tue Feb 18, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Opinions on whether to renew my disability policy
Replies: 8
Views: 412

Re: Opinions on whether to renew my disability policy

I agree that $15k seems sufficient for almost anyone. In comparing the $15k K-1 income to the potential DI income you should consider taxes and safety. The K-1 income is taxable while the DI is tax free (assuming it's not a group or employer paid policy.) The DI income is backed by an insurance comp...
by EHEngineer
Tue Feb 18, 2020 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on where to go next? [Portfolio Review]
Replies: 12
Views: 1044

Re: Advice on where to go next? [Portfolio Review]

Car 2 - about 21.9k owed at 3.74%- payment of 401 per month. Car 2 is a 2016 with about 18k miles on it. Car 2 is a Journey and I bought it in May 2019. How did you manage to spend more than $22,000 on a 3 year old Dodge Journey? Did you roll negative equity from a prior car loan into this one? I'm...
by EHEngineer
Tue Feb 18, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Need some help calculating true mortgage cost from those smarter than I
Replies: 8
Views: 681

Re: Need some help calculating true mortgage cost from those smarter than I

I would put the loan balance and rates into https://www.mortgagecalculator.org/ expand the "show amortization schedules" option and show monthly interest amounts. Then you can add up the interest paid and see when the total interest paid plus buy down is less than the baseline interest cost. As a fi...
by EHEngineer
Tue Feb 18, 2020 5:11 pm
Forum: Personal Consumer Issues
Topic: Having no luck finding a professional fiduciary
Replies: 46
Views: 3996

Re: Having no luck finding a professional fiduciary

I did a phone consultation with these folks and I liked them. https://www.fiduciarypartners.com/
by EHEngineer
Fri Feb 14, 2020 8:24 pm
Forum: Personal Investments
Topic: Horrible Experience with Vanguard [Login account security]
Replies: 163
Views: 10983

Re: Horrible Experience with Vanguard

I tried to access my online Vanguard account and the site did not recognize my computer. Apparently when I received a Windows update last night, my cookies were deleted. To make matters worse, I moved and changed my phone number on my account over a year ago. However, the phone number for getting a...
by EHEngineer
Wed Feb 12, 2020 12:47 pm
Forum: Personal Investments
Topic: vanguard money market vs total bond mutual fund
Replies: 5
Views: 1052

Re: vanguard money market vs total bond mutual fund

It's really important to choose an asset allocation instead of being swayed by the the latest trends you're hearing. https://www.bogleheads.org/wiki/Asset_allocation once you have done that, write it down in an investment policy statement. https://www.bogleheads.org/wiki/Investment_policy_statement ...
by EHEngineer
Wed Feb 12, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Confusing situation...2 401k plans and Highly Compensated Employee (HCE)
Replies: 1
Views: 263

Re: Confusing situation...2 401k plans and Highly Compensated Employee (HCE)

I'm interested in this thread. When I make employer i401k contributions in early Jan Schwab says they "must mark them as 2020 contributions" even though they are based on 2019 income. maybe there is some labeling/accounting requirement. I put them on my tax forms for the correct year despite schwab'...
by EHEngineer
Wed Feb 12, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: How does one know when online tax forms are final?
Replies: 8
Views: 923

Re: How does one know when online tax forms are final?

8606 is final. maybe you're thinking about the instructions for form 8995-A. It has a cover page and water marks that say "draft, not for filing"
https://www.irs.gov/pub/irs-dft/i8995a--dft.pdf
by EHEngineer
Wed Feb 12, 2020 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Retirement plan closing - lump sum options
Replies: 3
Views: 681

Re: Retirement plan closing - lump sum options

I hope spirit rider comments. What s/he said here https://www.bogleheads.org/forum/viewtopic.php?p=5002552#p5002552 indicates that your plan is correct. IRS Notice 2014-54 https://www.irs.gov/pub/irs-drop/n-14-54.pdf I must ask, why not take the annuity payments as a way of diversifying your retirem...
by EHEngineer
Wed Feb 12, 2020 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Benefits of paying cash for a house
Replies: 50
Views: 4820

Re: Benefits of paying cash for a house

Question: what are some benefits of buying a house outright, as opposed to getting a tiny mortgage? Obviously, we would not have a mortgage payment, but are there other benefits that are not as obvious? For example - no paying of closing costs to a mortgage company, all cash offers are more attract...
by EHEngineer
Wed Feb 12, 2020 12:35 am
Forum: Personal Investments
Topic: How should I invest this $300K?
Replies: 4
Views: 916

Re: How should I invest this $300K?

Welcome to Bogleheads. Choosing an asset allocation is really the most important part of investing.This wiki article has some guidance on selecting an asset allocation. https://www.bogleheads.org/wiki/Asset_allocation This wiki article explains how to consider all of your assets as part of a unified...
by EHEngineer
Wed Feb 12, 2020 12:04 am
Forum: Personal Investments
Topic: Large (for me!) ETF purchases — any precautions necessary?
Replies: 9
Views: 1181

Re: Large (for me!) ETF purchases — any precautions necessary?

You may end up with multiple lots if you don't specify "all or nothing" I would do a market order placed during trading hours, not before open. As noted, you might consider breaking it up into smaller lots. This is one reason I like mutual funds. I can place orders anytime and they execute at NAV. g...
by EHEngineer
Tue Feb 11, 2020 11:15 pm
Forum: Personal Consumer Issues
Topic: posture corrector/brace
Replies: 8
Views: 895

Re: posture corrector/brace

I saw this on shark tank and gifted it to a friend who slouches. I tried it and it works pretty well. It's visibly noticable, and would attract attention. Not something I would use at work. Otherwise does exactly what you'd expect. https://www.amazon.com/BetterBack-Support-Posture-Improves-Recommend...
by EHEngineer
Tue Feb 11, 2020 11:01 pm
Forum: Personal Investments
Topic: Saving and investing for kids
Replies: 26
Views: 1365

Re: Saving and investing for kids

It's fine to do that. I'm not a FAFSA expert, but I understand that money in kid's name will most severly affect FAFSA aid. more severly than money in a parent's name, money in a 529 (with parent owner) or money in a retirement account. If child has earned income I recommend putting the money in a r...
by EHEngineer
Tue Feb 11, 2020 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: What is my best course of action?
Replies: 12
Views: 1055

Re: What is my best course of action?

retire57 wrote:
Tue Feb 11, 2020 7:00 pm
This may sound harsh, but you can't afford to max out retirement when you have student loan/consumer debt. Clear that out ASAP and start with a clean slate. Your future self will thank you.
:confused this is terrible advice for a student loan that is eligible for PSLF
by EHEngineer
Tue Feb 11, 2020 4:37 pm
Forum: Personal Consumer Issues
Topic: Protection Against Home Intruders
Replies: 387
Views: 28048

Re: Protection Against Home Intruders

unclescrooge wrote:
Tue Feb 11, 2020 3:57 pm
I have an easy to carry safe that's empty, but sits in the master bedroom closet. I want to give thieves a prize to grab and run.
love that :idea: perfect place for one of my encrypted backup drives
by EHEngineer
Tue Feb 11, 2020 4:07 pm
Forum: Personal Investments
Topic: 529: Oregon Savings Plan vs Nevada Vanguard
Replies: 6
Views: 282

Re: 529: Oregon Savings Plan vs Nevada Vanguard

Oregon offers up to a $300 credit, for contributions up to $6000 (or $300 credit for less contribution if you make less than $250k, see chart: https://www.oregoncollegesavings.com/faqs?category=Taxes) The state charges a 0.25% ER fee, but the fund choices are mostly vanguard institutional, ie rock b...
by EHEngineer
Tue Feb 11, 2020 3:52 pm
Forum: Personal Consumer Issues
Topic: Protection Against Home Intruders
Replies: 387
Views: 28048

Re: Protection Against Home Intruders

dog, motion lights, security cameras in plain view, security system. for security systems you should avoid those high cost monitoring companies (like ADT). SimpliSafe is $15/month, NO CONTRACT, and you can custom select the security components, then buy and install them yourself. I've used it for ye...
by EHEngineer
Tue Feb 11, 2020 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 8297

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

ditto the term life insurance. update your wills to provide for baby. Don't buy baby gadgets before baby arrives. Wait until you see a need before buying baby gadgets. stick with basics before baby is born: crib, clothes, diapers, wipes, stroller, car seat, bottles (at least a few, just in case) on ...
by EHEngineer
Tue Feb 11, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: What is my best course of action?
Replies: 12
Views: 1055

Re: What is my best course of action?

Yes I did. I would split it up in between both of our accounts. I could also use the contributions from last year since we did not full fund our accounts last year. We both put in about $1000, so essentially I could split up our entire $10,000 emergency fund in to our two Roth accounts by putting $...
by EHEngineer
Tue Feb 11, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is my best course of action?
Replies: 12
Views: 1055

Re: What is my best course of action?

Thank you for your insight. I'm not sure if we do have access to HSA plans, but we do both have insurance plans through our work place. Should I just move my emergency fund money from my taxable brokerage in to our Roth accounts and buy the same money market fund then? I'm kind of curious how I sho...
by EHEngineer
Tue Feb 11, 2020 1:30 pm
Forum: Personal Investments
Topic: Portfolio Review and a few questions
Replies: 4
Views: 294

Re: Portfolio Review and a few questions

Hi everyone, I am looking for general tips as well as responses to specific questions below. Thank you in advance as I am still fairly new at this! Emergency funds: Fully funded Debt: 0 Tax Filing Status: Married Filing Jointly Tax Rate: 37% Federal, 5% State Age: 33 State: Oklahoma Desired Asset a...
by EHEngineer
Tue Feb 11, 2020 12:53 pm
Forum: Personal Investments
Topic: allocation and bond fund choice at age 58
Replies: 14
Views: 1388

Re: allocation and bond fund choice at age 58

PROFILE: Emergency funds: Yes Debt: None Tax Filing Status: Single (no children) Tax Rate: FED = 10% State of Residence: Iowa Age: 58 TAX ADVANTAGED STATUS: No IRAs, company plans or pensions available to me If you have earned income, you can contribute to a Roth IRA. You can open one at Fidelity, ...
by EHEngineer
Tue Feb 11, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: What is my best course of action?
Replies: 12
Views: 1055

Re: What is my best course of action?

Hello, This is my first post to the forum after having read it for a while so bear with me. I am looking for a bit of financial advice on what my best course of action should be. Here's a summary and some statistics: Income : $80k per year combined / stable industries of education and business Mort...