Search found 512 matches

by Grogs
Sat Dec 07, 2019 10:44 am
Forum: Investing - Theory, News & General
Topic: 401K | Salary paychecks + Commission Checks?
Replies: 9
Views: 683

Re: 401K | Salary paychecks + Commission Checks?

As far as taxation, there is no way to make anyone happy so we go with the IRS bonus rate. I'm not quite sure what you mean by the IRS bonus rate?? Rather than using the standard withholding tables, they apply a flat rate (22% unless it's a really big bonus). My company specifically exempts one-tim...
by Grogs
Sat Dec 07, 2019 10:31 am
Forum: Personal Investments
Topic: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund
Replies: 16
Views: 887

Re: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund

Unfortunately the $25k limit makes the VG DAF a non-starter for me. That would be 7-8 years of my non-payroll (gotta give to United Way, etc. to be a good "team player") charitable contributions. On the other thread, the one guy who gave very specific details on how he filled out the VG form was tra...
by Grogs
Sat Dec 07, 2019 6:52 am
Forum: Personal Finance (Not Investing)
Topic: IRA Contribution Limits and H&R Block
Replies: 6
Views: 397

Re: IRA Contribution Limits and H&R Block

OK, good to know it's not me. The weird thing is that the 2018 IRA limit was also $6000. If they had just copied in the 2018 forms it still shouldn't have been $5500. :oops: No, the 2018 limit was $5,500, which was raised to $6,000 for 2019. Add $1,000 if 50 or over. https://www.irs.gov/retirement-...
by Grogs
Sat Dec 07, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: IRA Contribution Limits and H&R Block
Replies: 6
Views: 397

Re: IRA Contribution Limits and H&R Block

OK, good to know it's not me. The weird thing is that the 2018 IRA limit was also $6000. If they had just copied in the 2018 forms it still shouldn't have been $5500. :oops:
by Grogs
Fri Dec 06, 2019 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Contribution Limits and H&R Block
Replies: 6
Views: 397

IRA Contribution Limits and H&R Block

I ran a pro forma calculation of my 2019 income taxes tonight using the copy of H&R Block Deluxe that I picked up over the Thanksgiving holiday. Everything matched my spreadsheet exactly except for the IRA contributions. For some reason, H&R Block is telling me my maximum contribution is $5500 and t...
by Grogs
Fri Dec 06, 2019 8:53 pm
Forum: Personal Investments
Topic: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund
Replies: 16
Views: 887

Re: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund

You can certainly convert them to the ETF equivalent without any tax consequences if you hold them in a Vanguard Brokerage account. If you have a mutual fund only account, you'll need to upgrade it first. Alternatively, couldn't you just use a Vanguard Donor Advised Fund? Regards, Good to know on t...
by Grogs
Fri Dec 06, 2019 4:00 pm
Forum: Personal Investments
Topic: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund
Replies: 16
Views: 887

Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund

Hi all, I recently opened a Donor Advised Fund (DAF) at Fidelity with the intention of moving some highly appreciated shares over before the end of the year. I filled out the paperwork specifying the shares of VTSAX I wanted to move and faxed it to Fidelity. Fido doesn't seem to have any problem acc...
by Grogs
Tue Dec 03, 2019 6:23 am
Forum: Personal Investments
Topic: Questions about Fidelity Charitable DAF
Replies: 43
Views: 2965

Re: Questions about Fidelity Charitable DAF

In my experience, transfer to Fido DAF takes about a week. My guess is that the 4-6 week estimate in case all forms are not properly filled out or the brokerage being transferred from is slow or obstinate. I also did a Vanguard to Fido in a week with no issues. Great, thanks. That's what I was hopi...
by Grogs
Mon Dec 02, 2019 5:48 pm
Forum: Personal Investments
Topic: Questions about Fidelity Charitable DAF
Replies: 43
Views: 2965

Re: Questions about Fidelity Charitable DAF

For those that have a DAF, is Fidelity's the lowest cost at $100/year for up to $16.6k in assets? For those that have a Fidelity DAF: 1. Can you move assets from your taxable to the DAF online or do you have to call them or fax them? If you are moving assets from a Fidelity brokerage account, it ca...
by Grogs
Thu Nov 28, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 287
Views: 21023

Re: H&R BLOCK Pre-Order 2019 Software Offer

I went ahead and ordered the Deluxe Federal only download from Amazon for $14.99. Something like $16.50 with sales tax. It may be a few $ cheaper at some point, but I'm happy with that price. I can go ahead and run some simulations this weekend and see if I need to make any adjustments to my withhol...
by Grogs
Thu Nov 28, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 287
Views: 21023

Re: H&R BLOCK Pre-Order 2019 Software Offer

Ugh, I have to do my state taxes for the first time this year. We don't have an income tax, but dividend and capital gains are taxed if they exceed a certain threshold. My taxable account is large enough that I've exceeded the $1250 exemption for the first time this year. It doesn't look like a ver...
by Grogs
Thu Nov 28, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 287
Views: 21023

Re: H&R BLOCK Pre-Order 2019 Software Offer

Ugh, I have to do my state taxes for the first time this year. We don't have an income tax, but dividend and capital gains are taxed if they exceed a certain threshold. My taxable account is large enough that I've exceeded the $1250 exemption for the first time this year. It doesn't look like a very...
by Grogs
Sat Aug 31, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3335

Re: Minimum to keep in checking account?

I've had my mortgage payment get charged twice in the same month so I try to make sure I always have enough to cover in case something like that happens. I usually like to keep the minimum somewhere between $2-4k each month. If I see that it will be more than $4k, I'll go ahead and transfer the exce...
by Grogs
Mon Aug 19, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Bay area, CA to Knoxville, TN
Replies: 98
Views: 7506

Re: Moving from Bay area, CA to Knoxville, TN

Knoxville is next door to Oak Ridge National Labs, home to nuclear research, supercomputers and hundreds of basic science PhDs. Where do their kids go to school? Oak Ridge HS, which is rated a bit lower than Farragut HS Many do, but the lab is located far enough south of the town that West Knoxvill...
by Grogs
Sat Jun 29, 2019 9:58 am
Forum: Investing - Theory, News & General
Topic: What do you hold in your IRA and Why?
Replies: 48
Views: 3800

Re: What do you hold in your IRA and Why?

I hold a 50/50 mix of VTSAX (total stock market) and VTIAX (total international stock market) in my Roth IRA. It's pretty small still, so I rebalance it back to 50/50 every year with my contributions. Somewhat surprisingly, it's still at exactly now 50/50 after contributing $6k back on January 2nd. ...
by Grogs
Tue Jun 18, 2019 4:23 am
Forum: Investing - Theory, News & General
Topic: A thought on mortgage payoff vs investing
Replies: 27
Views: 3357

Re: A thought on mortgage payoff vs investing

I think it's reasonable. I've been tossing an extra $2-300 per month at my mortgage, then aggressively investing the rest into my taxable account. At 7 years in, I've reached a point where my taxable account is greater than the remaining mortgage. There would be tax consequences to selling the stock...
by Grogs
Wed Jun 05, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 6228

Re: Is it Wise to Remove Escrow if Bank Allows it?

Our property taxes are $15k per year. My escrow account does not pay interest. If my property taxes were low, say 2 to 3,000, I suppose it wouldn’t bother me so much. I'm in that category. My property taxes run around $1200. With insurance, call it $2k. I figure the average daily balance on my escr...
by Grogs
Fri May 31, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Pension Options
Replies: 14
Views: 1316

Re: Considering Pension Options

You don't really say, but are you still working at the job? Most pensions are x% of salary X years of service so if you continue working, the pension will obviously increase more the longer you work. If you've already left the company, or plan to leave, will you work somewhere else? It's probably be...
by Grogs
Thu May 30, 2019 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Extra Payments on Monthly Mortgage Considerations
Replies: 37
Views: 3686

Re: Extra Payments on Monthly Mortgage Considerations

I think considering what AA you would invest the money in is important. My mother has $250k cash to invest and $80k left on her mortgage. At her age (74), I would advise her to invest it at 50/50, but it doesn't make sense to me to have her buy $125k in taxable bonds that yield less than the 3.875% ...
by Grogs
Sun May 26, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: HOW to pay off a mortgage
Replies: 18
Views: 4023

Re: HOW to pay off a mortgage

Hi all, Thanks for your replies. I wanted to follow up RE: Ditech. Right after I posted this mom got a letter from Ditech saying they would no longer be servicing loans after May 31st and wouldn't accept payments after that date. We decided she should just make the regular payment this month and the...
by Grogs
Sun May 26, 2019 7:00 am
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 122
Views: 13467

Re: Is the housing market starting to collapse?

We had the first instance of multiple bids that I'm aware of in our condo complex a couple of months ago. For a $250k listing price, they got 2 bids within a few days: $250k in cash and $255k mortgage. They decided to take the cash offer, which led to the real estate agent agent soliciting the rest ...
by Grogs
Sat May 25, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: American Express lowered my credit limit
Replies: 61
Views: 5616

Re: American Express lowered my credit limit

The problem with Amex is that they're a pain in the rear to raise your credit limit with if you do need more. A couple of years ago, I needed to put a $10k business expense on a card, and thought i might use my Delta Amex Gold card. I called them about raising the limit (I think it was $6500) and th...
by Grogs
Mon May 20, 2019 8:09 pm
Forum: Personal Investments
Topic: Is an emergency just mental accounting?
Replies: 70
Views: 6028

Re: Is an emergency just mental accounting?

In the case of an emergency fund the special "money jar" is often a high-yield savings account, money market account, etc. Is there any reason why someone shouldn't just revisit their risk tolerance and redirect the emergency fund to that allocation in a brokerage account? For example, a portfolio ...
by Grogs
Sun May 19, 2019 8:37 pm
Forum: Investing - Theory, News & General
Topic: 4%rule
Replies: 18
Views: 2419

Re: 4%rule

... I personally plan around a 3% withdrawal rate. 3% has been nearly fail proof over history but what will the future hold? There are foreign countries where 3% didn’t work... If looking at a 30 year withdrawal period, simply dividing the portfolio by 30 would suggest a 3.33% withdrawal rate could...
by Grogs
Sat May 18, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: HOW to pay off a mortgage
Replies: 18
Views: 4023

Re: HOW to pay off a mortgage

Just call the lender and ask for a payoff amount.....then mail them a check for that amount. If you have an escrow, they should settle that with you within 1-2 months after payoff. Exactly as above. I had my final mortgage with a small local bank that did not do online payments. Just call for a pay...
by Grogs
Sat May 18, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: HOW to pay off a mortgage
Replies: 18
Views: 4023

HOW to pay off a mortgage

Hi all, I posted a thread in the personal investments forum ( thread here ) asking how my mother should invest a windfall, and the majority recommended paying off her mortgage (~$80k @ 3.875%). She's decided to do this, but the question now is exactly HOW to do it. She's still old-school, doesn't do...
by Grogs
Wed May 15, 2019 9:56 am
Forum: Personal Investments
Topic: Using 401k Loans to increase contribution
Replies: 17
Views: 1208

Re: Using 401k Loans to increase contribution

Wouldn't you only be charged interest for the month or whatever until you paid off the loan? One month at 4% interest is only $167 on $50k, which doesn't seem like the effort.
by Grogs
Sun May 12, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 2131
Views: 223784

Re: U.S. stocks continue to soar!

I'm a little PO'd. I added my regular monthly to VTSAX on Thursday, and Vanguard processed my order ... this morning. Two days! Would it have killed them to process my order during the 400 point drop on Friday? Oh well. Not sure what you mean. VTSAX doesn't trade on weekends, so I'm assuming it tra...
by Grogs
Sun May 12, 2019 8:32 am
Forum: Personal Consumer Issues
Topic: Using my Cell Phone in England
Replies: 47
Views: 2402

Re: Using my Cell Phone in England

With Verizon, add TravelPass to your account, $10 per day overseas ($5 in Mexico/Canada). Works well for casual use. https://www.verizonwireless.com/support/travelpass-faqs/ I use TravelPass for short trips, and it's very convenient. Once you add it to your account, it will activate anytime you tur...
by Grogs
Sat May 11, 2019 9:30 am
Forum: Investing - Theory, News & General
Topic: DCA VS. Lump sum for Roth IRA
Replies: 16
Views: 1634

Re: DCA VS. Lump sum for Roth IRA

Assuming one buys the premise that lump sum is usually better than DCA (which I do), it's not as simple as it sounds. How is it that you came to have $6k sitting in your bank account ready to invest in your Roth on January 1st? For me, I do it by turning off my taxable investments for a couple of mo...
by Grogs
Sat May 04, 2019 1:26 pm
Forum: Personal Investments
Topic: Helping mom invest a windfall
Replies: 11
Views: 1436

Re: Helping mom invest a windfall

Once the $300k CD matures.... One more thing. Now that she is widowed the FDIC limit is $250K for her alone. She should make sure that she stays below that at any one bank. Good point. I'm actually a joint owner on the MM and one of the checking accounts. Maybe that was the logic of setting them up...
by Grogs
Sat May 04, 2019 1:23 pm
Forum: Personal Investments
Topic: Helping mom invest a windfall
Replies: 11
Views: 1436

Re: Helping mom invest a windfall

Don't forget to set an amount aside for taxes on the sale. Yeah, thanks. Those are "back-of-the envelope" after tax numbers. Of course, if she sells them all at once she would have a higher tax rate. I would pay off the mortgage. It is a reasonable, safe return plus simplification. Thanks, sounds r...
by Grogs
Sat May 04, 2019 8:36 am
Forum: Personal Investments
Topic: Helping mom invest a windfall
Replies: 11
Views: 1436

Re: Helping mom invest a windfall

How much will the rental properties bring in when they sell? I agree, it is hard to give a helpful suggestion without knowing an approximate value and timeline (3-5 years?). Probably about $250k for the rental properties. She has sold the last couple after a tenant moves out. I might guess 3 years,...
by Grogs
Sat May 04, 2019 8:33 am
Forum: Personal Investments
Topic: Helping mom invest a windfall
Replies: 11
Views: 1436

Re: Helping mom invest a windfall

I would not pay off the mortgage. 3 acre yard? How much does that cost to maintain? Is the house at all " elder friendly" as in on one level? She has arrangements worked out with the neighbor now to cut the grass. He gets to use the big 76" mower dad left on his yard, and cuts part of hers. One of ...
by Grogs
Sat May 04, 2019 6:28 am
Forum: Personal Investments
Topic: Helping mom invest a windfall
Replies: 11
Views: 1436

Helping mom invest a windfall

Hi all, I'm trying to help my mother (74-year old widow) save/invest some money she's been building up over the last few months. My father left her several rental properties, and these are the (after-tax) proceeds from some that she has sold over the last 6 months. The amount she needs help saving/i...
by Grogs
Sat Apr 27, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to define wealth
Replies: 51
Views: 5189

Re: How to define wealth

TBH, I'm not sure I'll ever get past #2, not caring about the cost in a restaurant. And I can't imagine ever not caring about the cost of flights/hotels/ etc. on vacations. I might someday be able to *afford* to fly business class to Australia, but I would still feel guilty about it. Maybe there sho...
by Grogs
Tue Apr 23, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Taxes: marginal rate now vs effective rate in retirement
Replies: 198
Views: 10526

Re: Taxes: marginal rate now vs effective rate in retirement

I was trying to explain to a friend why I contribute to a traditional 401k as opposed to a Roth 401k. He strongly disagrees with my logic and it has me questioning myself. I explained that every dollar I contribute to my traditional 401k now would have been taxed at my marginal rate of 22%. When I ...
by Grogs
Sun Apr 14, 2019 10:06 pm
Forum: Personal Investments
Topic: Taxable fixed-income options for investing a windfall
Replies: 11
Views: 1121

Re: Taxable fixed-income options for investing a windfall

What is your tax-equivalent rate of Total Bond Market or other taxable bonds? No state tax? There has been several threads recently about calculating this. Your 24% may or may not be high enough to recommend munis. Here are the formulas I got from Kevin M's post: Treasury: TEY = Yt * (1-f) / (1 - f...
by Grogs
Sat Apr 13, 2019 6:04 pm
Forum: Personal Investments
Topic: Taxable fixed-income options for investing a windfall
Replies: 11
Views: 1121

Re: Taxable fixed-income options for investing a windfall

- Would paying off the mortgage hurt my credit rating? It's my only current recurring payment. Not even any credit cards? :shock: Our house has been paid off for more than ten years. Our only other credit usage has ever been credit cards that we pay off at the end of each month. Last time I looked,...
by Grogs
Sat Apr 13, 2019 11:18 am
Forum: Personal Investments
Topic: Taxable fixed-income options for investing a windfall
Replies: 11
Views: 1121

Taxable fixed-income options for investing a windfall

Hi all, I'm expecting a windfall in the next few months that will approximately double the size of my current investment accounts. I have a couple of questions about this for you. I'll put them up front, then post my details below for those with more patience to read it. - All of my bonds are curren...
by Grogs
Wed Apr 03, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a stash of vacation days as unemployment "insurance"
Replies: 70
Views: 5718

Re: Keeping a stash of vacation days as unemployment "insurance"

The last few years of my government job, I got 5 weeks per year. It was hard to take that much and do my job so I usually left 5 to 10 days unused. We were allowed to carry over a maximum of 6 weeks at the end of the year. Any excess went to sick leave which accumulated with no maximum. Upon retire...
by Grogs
Wed Apr 03, 2019 6:43 am
Forum: Investing - Theory, News & General
Topic: For the people going to cash, how long?
Replies: 20
Views: 3379

Re: For the people going to cash, how long?

Hope to retire in 1.5 years or so. Am planning to maintain about 10 years of non-rebalancing funds in fixed income to ensure we make it to SS... as part of our 60/40 AA. I consider this out of the market because I will not use these funds to rebalance during market downturns. Fixed income in excess...
by Grogs
Sat Mar 23, 2019 11:23 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2145167

Re: U.S. stocks in free fall

So this actually makes an interesting case study for those who claim dividends are are some magic free lunch. Not a free lunch but a reduced price lunch. Dividends, on US stocks, are taxed as long term gains no matter how long one held the stock. No. The point is that you get the same amount. You e...
by Grogs
Sat Mar 23, 2019 9:26 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12414
Views: 2145167

Re: U.S. stocks in free fall

I am not saying it explained the significant sell-off we saw today, but it did contribute to the loss for several of the funds that are used often on here. VTI looks like it may have gone ex-div. That wouldn't effect anything in the market, but it certainly would impact VTI (Total US Stock Market)....
by Grogs
Wed Mar 13, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Basis - Need to track?
Replies: 40
Views: 4220

Re: Roth IRA Basis - Need to track?

I've lost records for 2-3 years of contributions in the late 90s. I've moved my Roth IRA twice during the intervening years. Given the age of those contributions, I doubt that I could recover those records easily (if at all). The good news is that the limits were only about $2k/yr back then, but I c...
by Grogs
Thu Mar 07, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35377

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

I live in a low tax state, so SALT isn't an issue. Still, I was itemizing for ~10k, so about 14.2k with the exemption. Dropping back to 12k cost about $500 in the 24% bracket. The lower tax brackets more than made up for that loss though. I calculated my taxes using both the old and the new system, ...
by Grogs
Thu Feb 21, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Another t401k vs r401k scenario
Replies: 13
Views: 812

Re: Another t401k vs r401k scenario

There was a thread earlier this week that provided us this same revelation - if you put X dollar amount into traditional and the same amount into Roth, you effectively get more in Roth. Well, of course you do. I'm starting to think this is not entirely accidental - Congress doesn't mind at all that...
by Grogs
Wed Feb 20, 2019 6:21 am
Forum: Personal Finance (Not Investing)
Topic: On this Forum, is X% of Income Saved Pre-Tax or Post-Tax?
Replies: 95
Views: 6783

Re: On this Forum, is X% of Income Saved Pre or Post Tax?

Highest 36-month final average compensation window * years employed * 2%. Wow. What a utopistic pension. Say, you get a nice raise for the last 3 years, bringing you to 50% higher than the previous 10. You put in 33 years of service. Then you get a pension equal to 100% of your Y-13 to Y-3 pay. I f...
by Grogs
Wed Feb 20, 2019 5:36 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 2131
Views: 223784

Re: U.S. stocks continue to soar!

What’s VTI ytd, on Vanguard it says 11.90%, but yahoo said 8.90%, what’s the correct number. 11.9 Thank you. I’m using this as a benchmark. As a benchmark it looks like VTI needs a 6.17% gain to get back to the all time high (143.02 at close; all time high last year was 151.31) or; stated another w...
by Grogs
Tue Feb 19, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Fast turnaround on Federal Tax
Replies: 40
Views: 4006

Re: Fast turnaround on Federal Tax

I submitted mine 2/12, and this morning I noticed my bank account shows the refund is pending. Assuming that means it posts tomorrow, that's 8 days. Not too shabby. BTW, I usually dial my taxes down to about a $100 refund every year. Owing is a hassle because for whatever reason, when I put my check...