Search found 287 matches

by MNGopher
Tue Dec 11, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 125
Views: 4133

Re: What percentage of your net worth is your home equity?

About 22% Paid off.

I'm "aware" of my houses approximate value as part of my net worth, but I don't think about it much or check its value as closely as I do my investable assets.
by MNGopher
Sun Dec 09, 2018 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18461

Re: Teachers Who Have Net Worth of $1 million +

Well dang, here I thought teachers made diddly squat. Retiring at 49 or 50 with a cool million in various savings vehicles coupled with a 5k/month pension is pretty strong stuff. Remind me again why the public thinks teachers aren't paid well? I'm not knocking anything about their wage or pension, ...
by MNGopher
Wed Nov 28, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3886
Views: 1086392

Re: What Movie Have You Recently Watched?

A new Western anthology from the Coen Brothers. The Ballad of Buster Scruggs . Now streaming on Netflix. Recommended. https://www.seattleweekly.com/film/the-ballad-of-buster-scruggs-is-a-wagon-train-of-dark-mischief/ Just watched it, Very interesting, Be prepared for sad. A couple of the stories I ...
by MNGopher
Sat Nov 24, 2018 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion in a low income year.
Replies: 11
Views: 1298

Re: Roth conversion in a low income year.

OP, as other replies indicate, we'd need more specifics re. your relative's situation to give good guidance, i.e. what all her AGI consists of and potentially available credits, in addition to other facts where her tax filing might be relevant e.g. ACA/Medicaid eligibility. As boB pointed out, you ...
by MNGopher
Sat Nov 24, 2018 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion in a low income year.
Replies: 11
Views: 1298

Re: Roth conversion in a low income year.

Thank you all for the replies. So in her situation it sounds like a Roth contribution of about 1400 (savers credit of 700) combined with a partial conversion of 16,000 (or slightly less), so as not to pass the 19,000 income limit for 50% credit, would be ideal.
by MNGopher
Fri Nov 23, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion in a low income year.
Replies: 11
Views: 1298

Roth conversion in a low income year.

I have a relative, that due to health issues, was able to work very little in 2018. Total income around 2-3K for the year. Prospects look pretty good for being able to return to some work in early 2019, although it will probably be in a different less strenuous line of work that will pay less, maybe...
by MNGopher
Thu Nov 22, 2018 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: How do tax brackets work?
Replies: 37
Views: 5604

Re: How do tax brackets work?

Oh OK, I hadn't thought that their entire insurance premiums would have been taken out of their salary like that. Wait until they turn 50 and can do catch-ups :D
by MNGopher
Thu Nov 22, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: How do tax brackets work?
Replies: 37
Views: 5604

Re: How to tax brackets work?

The entire income is not taxed at the rate of the bracket one happens to be in - just the amount above the cut-off. However, deductions and credits can greatly reduce taxes owed. You asked about a married couple with an income of $165,001. It matters if this is gross income, adjusted gross income, ...
by MNGopher
Mon Nov 19, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: Shorting the U.S. stock market
Replies: 18
Views: 1868

Re: Shorting the U.S. stock market

Why not just sell your position and buy whatever you think will do better.
by MNGopher
Sun Nov 18, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 99
Views: 7443

Re: Too many choices for my next TRUCK

Over the last 23 years I have owned nothing but F150's (3) and have never had one mechanical issue. However my current 2010 is beginning to show a little rust under the doors from the Minnesota winters.
by MNGopher
Sat Nov 17, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: If the market is this high, does it make sense to invest a large sum of money?
Replies: 38
Views: 3380

Re: If the market is this high, does it make sense to invest a large sum of money?

Unless you need to spend it in the next couple years I would invest it all right now, asset allocation according to your risk tolerance of course.
by MNGopher
Sun Nov 11, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: 403 B [Assistance to select funds]
Replies: 6
Views: 495

Re: 403 B

At your age and income level, tax deferred in your 403B will almost certainly beat the Roth. You are probably in the 24% tax bracket right now, so any investments you buy in a Roth or taxable account has already been taxed at that high rate (24%). Unless you have an amazing pension or a couple milli...
by MNGopher
Sun Nov 11, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: retirement travel: RVs vs fly/drive/hotel
Replies: 98
Views: 9339

Re: retirement travel: RVs vs fly/drive/hotel

I go back and fourth on which method of travel I want to do when I retire. I love the state and national parks, and want to do more of this when retired and for longer periods of time. I currently do a combination of tent camping, cheap camper cabins within or right next to parks, and motels. Now th...
by MNGopher
Sun Nov 11, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3808

Re: State retirement pensions thoughts?

Minnesota successfully passed a bill to improve it's Teachers Retirement Association public pension fund this past year. The reforms put a shared responsibility on employees, employers, and retirees. There is an increase in employee and employer contribution plus a lowering of the COLA for retirees....
by MNGopher
Sun Nov 11, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Where to place stocks and bonds
Replies: 2
Views: 232

Re: Where to place stocks and bonds

Both of these are very tax efficient. I keep more stocks in the Roth (80/20) than I do in my 403B (65/35) just because I plan on spending from the 403B sooner, and not using the Roth until I'm much older, and therefor can take more risk (longer time horizon).
by MNGopher
Sat Nov 10, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: What? I'm a Vanguard Owner?
Replies: 10
Views: 1768

Re: What? I'm a Vanguard Owner?

Just like the quote said, the people that buy the Vanguard funds are the only shareholders. Helps keep costs low. I like to think of it kind of like the "coop" stores found in some rural areas.
https://about.vanguard.com/what-sets-va ... p-matters/
by MNGopher
Sat Nov 03, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Post FiRE job...teaching??
Replies: 33
Views: 3972

Re: Post FiRE job...teaching??

I'm doing just the opposite. I'm working on FIRE from a teaching job. :D
by MNGopher
Fri Nov 02, 2018 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help a new guy!
Replies: 21
Views: 1700

Re: Help a new guy!

Do you have access to a deferred compensation plan at work (401K, 403B, etc)? This is a tax efficient way to add more bonds to your portfolio, while keeping your Roth stock heavy for the most long term growth.
by MNGopher
Mon Oct 29, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Speeding ticket and insurance
Replies: 29
Views: 2286

Re: Speeding ticket and insurance

I'm surprised small violations result in increases. I've known people that gotten a dwi/dui and their insurance didn't change. Probably just the insurance company missed it.
by MNGopher
Sun Oct 21, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Beer - Strong German Style Lagers
Replies: 56
Views: 4894

Re: Beer - Strong German Style Lagers

Stella Artois is a Belgian Pilsner that I enjoy.
by MNGopher
Tue Oct 16, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting: Long term vs. short term losses.
Replies: 17
Views: 1850

Re: Tax loss harvesting: Long term vs. short term losses.

OK, thanks. Would a target date fund in a tax advantaged account that contains some VTIAX be considered substantially identical? No. A target date fund is not substantially (or even remotely) identical to VTIAX. :D VTTVX IS 24.9% identical :wink: but I guess since it's in a 403B it wouldn't matter ...
by MNGopher
Mon Oct 15, 2018 10:36 pm
Forum: Personal Consumer Issues
Topic: trip to Grand Cayman & dieting [while on vacation]
Replies: 40
Views: 2780

Re: trip to Grand Cayman & dieting

I believe occasional dieting and fasting is a waste of time. When you skip meals your body thinks it's starving and will start turning the next thing you eat to fat. You might lose weight or maintain but you lose muscle mass because you don't have the energy to work out. People at my work have weigh...
by MNGopher
Sun Oct 14, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting: Long term vs. short term losses.
Replies: 17
Views: 1850

Re: Tax loss harvesting: Long term vs. short term losses.

Thanks livesoft. So just to clarify I can just click on all my VITAX lots (lump sum purchases, distributions, both short and long term) that show losses and exchange them immediately for VTSAX, VEMAX, etc? Since no VITAX dividend distributions are scheduled until late December, I can't accidently t...
by MNGopher
Sun Oct 14, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting: Long term vs. short term losses.
Replies: 17
Views: 1850

Re: Tax loss harvesting: Long term vs. short term losses.

Thanks livesoft. So just to clarify I can just click on all my VITAX lots (lump sum purchases, distributions, both short and long term) that show losses and exchange them immediately for VTSAX, VEMAX, etc? Since no VITAX dividend distributions are scheduled until late December, I can't accidently tr...
by MNGopher
Sat Oct 13, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting: Long term vs. short term losses.
Replies: 17
Views: 1850

Tax loss harvesting: Long term vs. short term losses.

I was thinking of doing my first attempt at tax loss harvesting with some VTIAX that has depreciated. I have different lots, some that have long term capital losses and some with short term capital losses. What are the pros and cons to harvesting short term losses vs. long term losses, or does it re...
by MNGopher
Sat Oct 13, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: 401k/IRA vs. Roth IRA
Replies: 9
Views: 699

Re: 401k/IRA vs. Roth IRA

Think of all your accounts as all part of the same portfolio. As long as it averaged out to your desired asset allocation, it doesn't matter what % of stock is in the individual accounts. Say you want to be 70/30 stock/bond ratio, you could be 90-100 stock in your Roth and around 50-60 stock in tax ...
by MNGopher
Sat Oct 06, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Help identify vine in backyard
Replies: 26
Views: 1555

Re: Help identify vine in backyard

It does look like stinging nettles or "itch weed". Intense itching for about 10 minutes, but goes away quickly if you don't scratch. https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=2ahUKEwiJodu1ovLdAhVQYKwKHQrgDygQjRx6BAgBEAU&url=https%3A%2F%2Fwww.alamy.com%2Fstock-photo%2Fitch...
by MNGopher
Sat Oct 06, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 6068

Re: "How a Second Grader Beat's Wall Street"

Make sure you can explain your investing strategy to any 8-year-old. That makes absolutely no sense. JoeRetire: I believe I could explain the simple Three-Fund Portfolio to most 8-eight-year old's. This is what Allan Roth did with his 8-year-old son. Allan wrote a wonderful book about The Three-Fun...
by MNGopher
Sun Sep 30, 2018 8:09 pm
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 107
Views: 16638

Re: If everybody indexed, the only word you could use is chaos, catastrophe

It will be interesting to see when the trend towards passive levels off or possibly reverses. Maybe at around 50%? Or when the next major recession hits?
by MNGopher
Sun Sep 30, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 71
Views: 6834

Re: Do Bonds Go in Taxable?

I go 80/20 Roth, 70/30 taxable, 65/35 in deferred (this is a target date fund and will adjust toward bonds).
Overall it's about 70/30 stock/bond.
I want some safety in taxable because I will spend some of that first, when I retire pre-59.5.
I take the most risk in Roth because I will spend that last.
by MNGopher
Wed Sep 26, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: Am I using facebook correctly?
Replies: 43
Views: 3419

Re: Am I using facebook correctly?

You can block someone without unfriending them. This is useful for those people you don't want to totally lose touch with, but don't want to see their 10 political memes every day.
by MNGopher
Mon Sep 24, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: Losing Passion for Hobbies. Cheap or normal aging?
Replies: 71
Views: 9111

Re: Losing Passion for Hobbies. Cheap or normal aging?

I don't understand losing a passion for hobbies at 33 years of age. I personally love competitive league sports.... exercise, competition, comaraderie, maybe drinks afterward, for a very low league fee. I played competitive softball until age 44 when my hamstrings started blowing out. I still play l...
by MNGopher
Sun Sep 23, 2018 8:09 pm
Forum: Personal Consumer Issues
Topic: Ventilated car seats?
Replies: 61
Views: 4388

Re: Ventilated car seats?

I have the heated/cooled seats in my F-150. It's okay, but I wouldn't pay a lot extra for it. The heat setting is more noticeable than the cool. I generally turn either off within 5-10 minutes of starting the vehicle, if I even bother to turn them on in the first place.
by MNGopher
Sat Sep 22, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: How to get rid of rabbits
Replies: 66
Views: 3830

Re: How to get rid of rabbits

I know how to catch a unique rabbit.
Unique up on it.
by MNGopher
Tue Sep 11, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5588

Re: 401k money missing

Wow. Maybe call the vendor where the funds are supposed to being sent. Was this a new account in 2018 or did you have a previous account, and the payments just stopped?
by MNGopher
Fri Aug 31, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 973
Views: 104837

Re: [What TV Show Have You Recently Watched?]

Ozark Season 2 came out today on Netflix. Make sure you watch season 1 first though. It's a bit like Breaking Bad and the Fargo series.
by MNGopher
Mon Aug 27, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6814

Re: How do you calculate net worth with pensions?

Maybe a pension shouldn't be labeled as either an asset or a simple income stream, but something different. It's not as good as an asset because it can't always be sold and used all at once (that can also be a positive). It's better than a job that pays the same amount, because you don't have to do ...
by MNGopher
Mon Aug 27, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: Cars... just another tool unless your a tool.
Replies: 28
Views: 2676

Re: Cars... just another tool unless your a tool.

I'm pretty frugal, but I have a weakness for 4x4 pickups. The last was a new F-150 Lariat. That was 9 years ago. I took out a loan, but payed it off after just 1 year. When I look at the price that the new ones are going for now, I don't think I'll buy anything that nice again.
by MNGopher
Thu Aug 23, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5494

Re: Test your cognitive biases

I scored 50-75%

Hey wait, were calculators allowed? :)
by MNGopher
Thu Aug 23, 2018 9:11 am
Forum: Personal Consumer Issues
Topic: I own 1,387 items!
Replies: 128
Views: 10677

Re: I own 1,387 items!

This thread reminds me of Steve Martin in The Jerk.
https://www.youtube.com/watch?v=w2X3vVMdh-s
by MNGopher
Mon Aug 20, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in a taxable account
Replies: 4
Views: 477

Re: Bonds in a taxable account

I keep some bonds in taxable, because this is the money I will be spending first in early retirement, and I am willing to sacrifice a little tax efficiency for safety. My overall AA is 70/30. My taxable account AA is 75/25 and I plan to spend much of this early in retirement before touching tax defe...
by MNGopher
Sat Aug 18, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18461

Re: Teachers Who Have Net Worth of $1 million +

I do not believe that you could, or should, value your potential pension payment over a period of 20 or 30 years and use it to claim a net worth for that figure. A pension is an income stream for your retirement. This has been addressed in many of our threads. I agree and don't count any future pen...
by MNGopher
Thu Aug 16, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2179

Re: Time for new phone, Buy or Lease?

Thanks for the replies and patience. I am very tech ignorant.

I there any disadvantage to buying an unlocked phone on say, Amazon? They seem a lot cheaper, but are they more expensive to activate? Just trying to learn.
by MNGopher
Wed Aug 15, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2179

Re: Time for new phone, Buy or Lease?

I'd buy an entry/mid phone. You can get a Motorola from Costco for about $120 and any of the newer phones at places like Cricket are about $100-150. They are all equivalent to "high end" phones from a couple years ago. For reference I just received a Samsung J7 Star from my employer. It has better ...
by MNGopher
Wed Aug 15, 2018 2:51 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2179

Re: Time for new phone, Buy or Lease?

I haven't decided a phone yet, but just as an example, Sprint offers a Samsung Galaxy S8 for about $650 outright, or an 18 month lease at 28/mo with the option to upgrade or payoff the balance after 18 months. I've never leased anything in my life, and am generally against the idea, but I'm very ign...
by MNGopher
Wed Aug 15, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2179

Time for new phone, Buy or Lease?

So, with over 4 years on my current HTC phone, things are starting to not work so great and it's time fore an upgrade. From an economic point of view is it better to buy today, as opposed to leasing, if I plan to keep the phone at least a couple years? I'm not the type to need the latest and greates...
by MNGopher
Thu Aug 02, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Need suggestions on investing. $400k in cash
Replies: 9
Views: 1176

Re: Need suggestions on investing. $400k in cash

If you are 30 or so years from retirement I wouldn't hesitate putting a vast majority of your cash into the market now or dollar cost average over the next year. The power of compounding interest is much better for a 30 year period than it is for say, 20 years, if you were to procrastinate for anoth...
by MNGopher
Thu Aug 02, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Which 403b provider to choose?
Replies: 19
Views: 1175

Re: Which 403b provider to choose?

Aspire sometimes has some options that are OK, but not great. Valic and Horace Mann are popular in my area, but they have terribly high fees.
by MNGopher
Wed Aug 01, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?
Replies: 19
Views: 2427

Re: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?

How much of your current income will your combined pensions provide (what % of gross) in retirement? And, at what age can you get this pension? If you figure out this information, than you figure out how much you need to save in your personal accounts to fill the gap between pension income and desir...