Search found 51 matches

by PStrider
Sat Dec 19, 2020 2:00 am
Forum: Investing - Theory, News & General
Topic: [Maxing out your IRA and other things to do on January 1st]
Replies: 172
Views: 14026

Re: So, who's maxing out their IRA on Jan 1st?

I’m gonna wait a whole year and contribute to 2021 Roth/Trad in 2022.

The extra headache and paper filing for recharacterization to drop down a tax bracket is not worth the hassle.
by PStrider
Mon May 11, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2389
Views: 543422

Re: Share your net worth progression

In your opinion, what would be the 'average' progression for a comfortable retirement at 62 for majority of folks in the US?

Here's somewhat of a random guess:

Age - Net Worth
20 - $50k
30 - $200k
40 - $500k
50 - $1.0m
60 - $1.5m
65 - $2.0m
by PStrider
Sun Nov 10, 2019 11:39 am
Forum: Personal Investments
Topic: Where should I park my HSA contributions (Employer vs Fidelity)?
Replies: 8
Views: 1156

Re: Where should I park my HSA contributions (Employer vs Fidelity)?

happymob wrote: Sat Nov 09, 2019 7:35 am Any reason not to contribute to the employer plan and move the balance to Fidelity once every year?
I believe there's a small fee of $16-17 or so to move money out of the account.

I've also decided to go all in with WageWorks to make use of that free $500 asap.

Thanks for all the inputs. :)
by PStrider
Fri Nov 08, 2019 2:24 pm
Forum: Personal Investments
Topic: Where should I park my HSA contributions (Employer vs Fidelity)?
Replies: 8
Views: 1156

Where should I park my HSA contributions (Employer vs Fidelity)?

My employer will help contribute $500 to HSA account through WageWorks starting next year, and I was wondering if I should contribute the remaining $3050 to WageWorks (deduct from each paycheck pre-tax) or to my current Fidelity HSA Account (post-tax). WageWorks (BNY Mellon) requires $1000 to invest...
by PStrider
Wed Jan 02, 2019 1:09 am
Forum: Personal Consumer Issues
Topic: Uber/Lyft where do you sit?
Replies: 42
Views: 4406

Re: Uber/Lyft where do you sit?

Used over 100 uber/lyft over the years..

Always front but had couple of instances where driver was not expecting and got fluttered trying to clean up mild clutter up front, which prompted me to sit in the back.
by PStrider
Mon Dec 24, 2018 2:40 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 21208
Views: 2877667

Re: U.S. stocks in free fall

Is this a simple correction or has something to do with trade war that's going on? Or perhaps a combination of both, which lead to snowball selling effect? or something more? I guess what I'm trying to ask is WHEN do we usually find out what caused the bear market (ie. When did we find out it was ho...
by PStrider
Mon Dec 17, 2018 7:12 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1099
Views: 128221

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I can contribute HSA starting 1/1/19, but I might change job mid year and lose the HSA eligibility. Max HSA contribution in 2019 is $3500 or ~$290/mo. I have a couple of questions: 1. Would it be safe for me to contribute $290/mo. and stop when I'm no longer eligible? 2. Do I have to be eligible for...
by PStrider
Sat May 19, 2018 4:26 am
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 16496

Re: how do you tip on wine at a restaurant

The correct answer for all of these tipping threads nonsense is: Tip whatever amount you want to whomever you want (your urologist, your garbage man, your financial advisor, your mom, you dog, etc). It's your money; do whatever that makes you happy. End of story. No one will care after you die how m...
by PStrider
Fri Jul 14, 2017 1:42 am
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 6002

Re: Hotel tipping: how much to leave?

Wow @ all the cheap people here and not tipping by percentage as in a restaurant. How could you live with yourself tipping flat rate? These housekeepers barely make minimum wage just like restaurant servers do. /sarcasm The correct answer is always 'tip whatever amount that would make you happy beca...
by PStrider
Tue Jul 04, 2017 3:22 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house?
Replies: 50
Views: 6598

Re: Should I buy this house?

I'd plan for worst case scenario and work from there (ie. losing your job(s), unexpected medical bills, GF->Wife->Divorce fees, etc.) I'd go with what others have said and buy a cheaper house with 30 year loan with 2 car garages then add one (or more) later if you can't find a 3-car one home. Anothe...
by PStrider
Mon May 15, 2017 11:32 pm
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 126
Views: 29697

Re: Tipping for restaurants where you order at the counter

It's really sad how tipping culture has evolved to what it is today. The question being asked by OP says it all. I went to visit Thailand couple weeks ago where tipping is not expected. Service was superb in every way. Everywhere we went, we know the servers don't judge its customers based on tips. ...
by PStrider
Mon Apr 17, 2017 12:49 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 14505

Re: My kids don't care about saving

Most likely, they all see you (the parents) as a safety net, especially if they know you have a significant portfolio size, other inheritance, life insurance policy, etc.

If that's not the case, then I'd just leave them be. They're independent, and I'd say you've done enough.
by PStrider
Fri Apr 14, 2017 4:14 am
Forum: Personal Consumer Issues
Topic: iPhone SE on sale at Consumer Cellular for $200
Replies: 4
Views: 1465

Re: iPhone SE on sale at Consumer Cellular for $200

Looks like you'll have to pick a plan with them to buy it.

1st month is free apparently with no contract. So, I'm guessing you can just cancel the plan with them and unlock the phone (paid in full) right away?

Still using my 64GB SE I got from last year. No complaint here.

:sharebeer
by PStrider
Tue Apr 04, 2017 3:12 am
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 9261

Re: Got my second comma -- what is this anticlimactic feeling?

Perhaps it's because there's two people working together instead of one?

So it would feel like you're actually at $500,000.

At least you're half way there. :sharebeer
by PStrider
Thu Mar 30, 2017 1:58 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 164
Views: 18083

Re: When do you plan to die?

I'll be happy if I'm still considerably healthy at 85.

Willing to go over 100+ if neither my brain/bodily functions or the world has not gone to poop by then.
by PStrider
Wed Mar 22, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: How Do I Do More?
Replies: 17
Views: 2422

Re: How Do I Do More?

I'd probably switch both Roth IRA and Roth 401k to Traditional versions. Right now you're paying 10% extra in tax you won't get back. (18000 + 5500) * 25% = $5875 vs (18000 + 5500) * 15% = $3525 Difference of $2350 per year assuming you're converting or taking distribution at 15% tax bracket. -- Wit...
by PStrider
Sun Mar 05, 2017 4:35 am
Forum: Personal Investments
Topic: Ever dip your feet into individual stocks?
Replies: 63
Views: 5791

Re: Ever dip your feet into individual stocks?

Yes.

Got burned pretty bad. It's been a year now, and it still stings a bit every now and then.

What's left of it, I put in AMD when it was $4 and will probably hold it forever to remind me not to do it ever again.

Now I just look for stocks with good perks (ie. brk.b and geico, ford x plan, etc.)
by PStrider
Tue Feb 07, 2017 2:44 pm
Forum: Personal Investments
Topic: New to Bogleheads - Need to decide whether to sell everything*
Replies: 35
Views: 5869

Re: New to Bogleheads - Need to decide whether to sell everything*

Correct me if I'm wrong, but actually it's possible to be in 15% bracket with $70k income if you max out traditional IRA and 401k. $70000 - $18000 trad 401k- $5500 tIRA - $6300 standard deduction - $4050 personal exemption = $36150, which is below $37650 cap for 15% Of course, any unqualified divide...
by PStrider
Tue Feb 07, 2017 1:09 am
Forum: Personal Investments
Topic: Best Fund(s) in Taxable Account for a Low Income Retiree with Little Savings?
Replies: 3
Views: 751

Best Fund(s) in Taxable Account for a Low Income Retiree with Little Savings?

I'm trying to figure out the most painless and efficient portfolio for my mom. Age: 62 Income: $15k ($6k self-employed + $9k Social Security) Debt: $0 Cash: $50k (Recently sold house) Current Allocation (all cash): Ally Savings: $10k (Emergency) tIRA/Roth IRA: $13k (2016 and 2017 tax years) Taxable:...
by PStrider
Sun Feb 05, 2017 1:38 am
Forum: Personal Finance (Not Investing)
Topic: GF has long commute, should we buy a house to avoid long commute?
Replies: 62
Views: 6941

Re: GF has long commute, should we buy a house to avoid long commute?

+1 on renting for at least a year in a new area before buying.

$7000 CC debt is very manageable. I hope the reason for her separation from previous mate is not related to finance (ie. she spent most of her ex's money, including hers, and he decided to end it).

Best of luck.
by PStrider
Sun Feb 05, 2017 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Chances of getting approved for Chase Sapphire Reserve
Replies: 3
Views: 1452

Re: Chances of getting approved for Chase Sapphire Reserve

CC Churner here. If you have not opened 5 credit cards in the past 24 months (5/24 rule), decent income/debt ratio, with no delinquency in your credit history with 750+ FICO, then you're pretty much guaranteed getting approval for CSR. If you're looking into the churning game, I'd recommend churning...
by PStrider
Fri Jan 20, 2017 1:17 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity [Customer Service Reputation]
Replies: 73
Views: 11840

Re: Vanguard vs. Fidelity [Customer Service Reputation]

If I don't have a specific product I want from Vanguard (wellington and wellesley funds come to mind), I would pick Fidelity every time. So far it's been quite an ordeal and very time consuming to set up my mom's retirement account and becoming her custodian with V. I've called both V and F asking f...
by PStrider
Sun Jan 08, 2017 10:07 am
Forum: Personal Investments
Topic: Is it worth the hassle to split Traditional and Roth IRA contributions?
Replies: 4
Views: 908

Re: Is it worth the hassle to split Traditional and Roth IRA contributions?

Do you have a 401(k) through your employer? Are you already putting $18k into the 401(k)? Does the 401(k) accept incoming rollovers from outside IRAs? I ask because if you want to do "backdoor Roth" contributions in the future you'll need to eventually get all of your Traditional IRA mone...
by PStrider
Sun Jan 08, 2017 3:56 am
Forum: Personal Finance (Not Investing)
Topic: Do store cards still help your credit score by adding diversity?
Replies: 9
Views: 1142

Re: Do store cards still help your credit score by adding diversity?

What is your FICO score now and what is your target? You should avoid getting an inquiry on your credit report for at least 6 months before you apply for the mortgage. That being said, getting another credit card will do the following: -Improve your score by reducing debt ratio (higher total credit ...
by PStrider
Sun Jan 08, 2017 2:18 am
Forum: Personal Investments
Topic: Is it worth the hassle to split Traditional and Roth IRA contributions?
Replies: 4
Views: 908

Is it worth the hassle to split Traditional and Roth IRA contributions?

Reference: https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-covered-by-a-retirement-plan-at-work Emergency funds: 1 year Debt: No Debt Tax Filing Status: Single Tax Rate: 25% Federa...
by PStrider
Sun Dec 25, 2016 1:42 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6238
Views: 1421844

Re: What Movie Have You Recently Watched?

Dr. Strange

Solid 8/10. A bit biased because I'm a sucker for time/space/alternate universe stuff.
by PStrider
Sun Dec 25, 2016 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Reliable washer/dryer brands
Replies: 42
Views: 15915

Re: Reliable washer/dryer brands

I'm still using GE washer and dryer from 2004 and they're still going strong.

The new expensive ones my parents bought lasted a year or so.

The biggest thing is to look for the simplest unit, meaning the less buttons and moving parts the better.

Just my $0.02.
by PStrider
Sun Dec 25, 2016 12:55 am
Forum: Personal Investments
Topic: Planning for my mom's retirement from scratch
Replies: 5
Views: 1267

Re: Planning for my mom's retirement from scratch

@Everyone who replied, Trust me, she stopped caring about drama at work, but they just won't leave her alone. She loves to work hard and make money, but she is not a saver and don't think far into the future and her retirement at all. So, it's up to me to take over her finance among other things. Sh...
by PStrider
Sun Dec 25, 2016 12:21 am
Forum: Personal Consumer Issues
Topic: How old is your vehicle?
Replies: 200
Views: 20925

Re: How old is your vehicle?

2003 mustang gt 5 speed convertible

34.5k miles as of today

:sharebeer
by PStrider
Wed Dec 21, 2016 5:07 pm
Forum: Personal Investments
Topic: Planning for my mom's retirement from scratch
Replies: 5
Views: 1267

Planning for my mom's retirement from scratch

Hello Bogleheads, I'll try to keep this simple: She's 61 years old $0 savings, no 401k, no IRA account ~$20k Full time job + ~$20k Self-Employed business ~$50k cash with no debt I've spoken with a brokerage rep, and he recommended that I set aside an emergency fund, open either a tIRA or Roth IRA, a...
by PStrider
Mon Dec 12, 2016 4:46 am
Forum: Personal Finance (Not Investing)
Topic: My mother is 61 years old and has $0 in savings
Replies: 50
Views: 10341

Re: My mother is 61 years old and has $0 in savings

I don't know about other states or that much about the ACA, but in California, health insurance has to cover mental health the same as any other medical condition. So since he has insurance, there's no reason he can't see a mental health expert. As a potential nutritionist (I'm assuming that is the...
by PStrider
Sun Dec 11, 2016 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: My mother is 61 years old and has $0 in savings
Replies: 50
Views: 10341

Re: My mother is 61 years old and has $0 in savings

I recommend reading the book Boundaries and looking into therapy. Your brother sounds like a spoiled brat. He's living off others and has a nicer car than many millionaires, including myself. It is inconceivable to me that anyone would be engaged to him or that her parents would put up with this in...
by PStrider
Sun Dec 11, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: My mother is 61 years old and has $0 in savings
Replies: 50
Views: 10341

Re: My mother is 61 years old and has $0 in savings

I agree with much of the advice above. Here is my 2 cents... Your brother has a masters degree in something employable. He should 100% pursue that. It will take some time and effort to get back into his masters field, but with some wrangling it is doable. His wanting to be a writer is like my wanti...
by PStrider
Sun Dec 11, 2016 4:00 am
Forum: Personal Finance (Not Investing)
Topic: My mother is 61 years old and has $0 in savings
Replies: 50
Views: 10341

Re: My mother is 61 years old and has $0 in savings

She should get on SNAP (food stamps as soon as eligible). Almost every state has this for seniors after 65. I would not use proceeds to pay off son's car. He needs to wake up. Let him deal with it (you can help him by allowing him to sell the car and get a cheaper one that is fully paid off). Nothi...
by PStrider
Sat Dec 10, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: My mother is 61 years old and has $0 in savings
Replies: 50
Views: 10341

Re: My mother is 61 years old and has $0 in savings

You have my sympathy. My advice: Youngest son needs to be weaned from the teat at some point and learn to take care of himself. Better sooner than later. Saving a couple hundred a month is better than nothing, but the future is not good unless she has a decent SS payout at age 70. What is the expec...
by PStrider
Sat Dec 10, 2016 3:36 am
Forum: Personal Finance (Not Investing)
Topic: My mother is 61 years old and has $0 in savings
Replies: 50
Views: 10341

My mother is 61 years old and has $0 in savings

Dear Bogleheads, First of all, I'd like to say how grateful I am for this community for all the wisdom it has given me by all of you thus far. Right now, I could really use some guidance of how to go about planning for my 61 year old mother's retirement. As I have stated in the title, my mom virtual...
by PStrider
Wed Dec 07, 2016 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Need advice on how to go about selling my mom's house
Replies: 37
Views: 3718

Re: Need advice on how to go about selling my mom's house

Just a quick update. I've met with 4 different investors/agents/flippers/wholesalers today and actually got multiple offers we do like. I would just go with a cash buyer, or one that has their own financing, and skip all the mortgage assumption nonsense. Usually when something is too complex to eas...
by PStrider
Wed Dec 07, 2016 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Need advice on how to go about selling my mom's house
Replies: 37
Views: 3718

Re: Need advice on how to go about selling my mom's house

Thank you once again for all for your insights and wisdom. Just a quick update. I've met with 4 different investors/agents/flippers/wholesalers today and actually got multiple offers we do like. One of the investors even went ahead and confirmed that my mom has a clean title 100% under her. We could...
by PStrider
Sat Dec 03, 2016 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on how to go about selling my mom's house
Replies: 37
Views: 3718

Re: Need advice on how to go about selling my mom's house

Why is the person who sold the house to your mom even in the conversation? When I sell the house I am sitting in right now, I don't plan to involve the people who sold it to me. I won't even involve the bank that holds the mortgage until closing. I have absolute confidence that once they get repaid...
by PStrider
Sat Dec 03, 2016 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on how to go about selling my mom's house
Replies: 37
Views: 3718

Re: Need advice on how to go about selling my mom's house

OP, you posted this about the house back in August. You'd probably wonder why she didn't just sell that house in the first place instead of filing for bankruptcy. She tried but could not get higher offer than what she bought it for. But she got lucky because the seller was shady and tried to avoid ...
by PStrider
Sat Dec 03, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on how to go about selling my mom's house
Replies: 37
Views: 3718

Re: Need advice on how to go about selling my mom's house

Thank you for all the insightful information. It's still a bit hard to process all the technicalities, but I am learning a lot. I believe I may have left out a very crucial information. 1. There is no mortgage involved. It's more like a direct contract between the seller and my mom 10 years ago. No ...
by PStrider
Sat Dec 03, 2016 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Need advice on how to go about selling my mom's house
Replies: 37
Views: 3718

Need advice on how to go about selling my mom's house

Hi all, A not-so-close friend of my parents is a professional flipper and is interested in their property. He flips 3-4 homes at a time and seems ike a trustworthy guy overall. No one in our family has any experience with real estate and could use some help as much as possible in regard to finding t...
by PStrider
Tue Aug 09, 2016 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Best housing option for my mom living by herself?
Replies: 22
Views: 2707

Re: Best housing option for my mom living by herself?

@ Mudpuppy - Thank you for the info about differences between nursing and assisting living homes. She can still take care of herself just fine. Maybe I will look into them when the time is right. @ delamer - As far as communications go, she has a thick accent but can speak fluidly. Basic communicati...
by PStrider
Tue Aug 09, 2016 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Best housing option for my mom living by herself?
Replies: 22
Views: 2707

Re: Best housing option for my mom living by herself?

Thank you again for all your time. The maintenance bit is something to consider. That alone could put her on the fence on moving to an apartment. There's a handful of properties I found that she might be interested. I will check them all out this weekend with her. I've looked online at properties wi...
by PStrider
Mon Aug 08, 2016 1:23 am
Forum: Personal Finance (Not Investing)
Topic: Best housing option for my mom living by herself?
Replies: 22
Views: 2707

Re: Best housing option for my mom living by herself?

Thank you for all your replies. I will address all your questions individually. Is a free standing townhouse or any 55+ older communities (often a small duplex) an option in your area? More compact housing arrangements often have a social program going on which can help with your mom making friends....
by PStrider
Sun Aug 07, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Best housing option for my mom living by herself?
Replies: 22
Views: 2707

Best housing option for my mom living by herself?

I am in quite a predicament, but I believe I've come to the right place. The short version is my mom has been spoiled rotten growing up and has no idea how to spend money (keeping secrets about her spending habits, owning 2 brand new corvettes at the same time and bought an extra house for no reason...
by PStrider
Fri Dec 18, 2015 3:20 am
Forum: Personal Investments
Topic: 30 year old looking for some Boglehead Wisdom
Replies: 6
Views: 1432

Re: 30 year old looking for some Boglehead Wisdom

Thanks for the replies. They were really helpful! :happy To answer some of your questions. 1) Spartan 500 has the lowest ER out of all the mutual funds offered by employer. I thought it would keep it simple and have both my 401k and Roth in SP500 index + Bonds, which would make it easier to avoid wa...
by PStrider
Thu Dec 17, 2015 3:50 pm
Forum: Personal Investments
Topic: 30 year old looking for some Boglehead Wisdom
Replies: 6
Views: 1432

Re: 30 year old looking for some Boglehead Wisdom

Thanks for the reply.

Would increasing it to 10 years possibly justify 50/50 allocation for the house down payment?

I will be rebalancing into those desired allocation myself, so step function would be my answer.
by PStrider
Thu Dec 17, 2015 5:52 am
Forum: Personal Investments
Topic: 30 year old looking for some Boglehead Wisdom
Replies: 6
Views: 1432

30 year old looking for some Boglehead Wisdom

Hello! Long time lurker here. Started learning about investing back in Fall last year after securing a decent job and paying off all my debts/loans. I also pretty much surf this forum daily. Here's where I stand. Emergency Funds: $5k Debt: $0 Tax Filing Status: Single Tax Rate: 25% State of Residenc...
by PStrider
Wed Mar 25, 2015 5:33 am
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 52613

Re: Restaurant tipping

My replies are in italics under the bolds. I'm one of those who fail to see logic in tipping. 1. They're already making minimum wage (MW). Why are we tipping them and not ALL other MW individuals in other professions who are also struggling to make ends meet? How is that fair? They are not making mi...