Search found 512 matches

by danaht
Fri Jun 16, 2017 10:08 pm
Forum: Investing - Theory, News & General
Topic: Amazon Buys Whole Foods
Replies: 103
Views: 15424

Re: Amazon Buys Whole Foods

It will be nice to be able to use Amazon gift card (or Amazon gift card credit balance) to purchase things at Whole Foods. Also, being able to auto-checkout by phone will be a great option and major time saver for the consumer. The main problem with Whole Foods - is proximity. The closest Whole Food...
by danaht
Fri Jun 16, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: USAA opinions. Worth it?
Replies: 53
Views: 7407

Re: USAA opinions. Worth it?

USAA insurance is very good - but their investment/ banking products (mutual funds, CDs, etc) are more expensive than others (Ally, Vanguard). So, I would choose USAA for insurance needs only.
by danaht
Wed Jun 14, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: REIT in a taxable account
Replies: 19
Views: 5870

Re: REIT in a taxable account

The main advantage to owning a a REIT (or any stock) in a taxable account is the ability to deduct the loss from your taxes if the REIT goes bankrupt - or if you sell it for a loss. Otherwise - REITs are best held in a tax deferred account - or a Roth since the REIT dividends are mostly taxed at the...
by danaht
Sun Jun 11, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 42420

Re: Tesla Model 3 or Chevy Bolt?

As for pure electric cars like the Tesla 3 - I am worried about the batteries in these cars. It seems like Lithium Ion batteries don't have a long lifetime - and start losing capacity right away. Also, I am worried about the battery exploding if the car is involved in a wreck. I am glad the driving ...
by danaht
Sat Jun 10, 2017 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Do Low Fee 3rd Party HSA Accounts Exist?
Replies: 10
Views: 1591

Re: Do Low Fee 3rd Party HSA Accounts Exist?

I use HSAbank. I pay $5.50 a month to keep 99% of my HSA invested at TDA in vanguard etfs as part of my overall AA. Regards, John I also use HSABank - but I choose to keep $5600 in cash and the rest in TD Ameritrade (via Vanguard ETFs). This way I can avoid the $5.50 monthly fee and also have a lit...
by danaht
Sat Jun 10, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 148
Views: 18978

Re: 100% Stock Portfolio?

It's unwise (and also difficult) to be 100% stock - because you should always have some small cash buffer (a checking account, for every day expenses) and a small emergency fund. You can easily get an FDIC insured emergency fund of about $10,000 that pays 5% interest if your willing to deal with the...
by danaht
Sat Jun 10, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 12181

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

Ford Ford has been beaten down but has its act together, makes stuff it knows how to make with a worldwide client base and is a stable company. It isn't high flying nor does it think it can do everything and anything. Great focus. Alphabet They seem to have decided that they want to do every shiny ...
by danaht
Sat Jun 03, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 269
Views: 33633

Re: KF's Worst Case Retirement Plan [KlangFool's]

I work in IT as well - and also have a long commute (about 1 hour each way). As far as pay goes - IT is still very good. But quality of life in the office is going down every year - IT quality of life is getting reduced for the following trends: 1) companies are getting rid of cubicles and making pe...
by danaht
Sat Jun 03, 2017 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Safely Retire?
Replies: 60
Views: 9405

Re: Can I Safely Retire?

If DomDangelina had 1.5 million and no debt - would that be enough to retire? Curious what people think.
by danaht
Sat Jun 03, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 269
Views: 33633

Re: KF's Worst Case Retirement Plan [KlangFool's]

Once you decide to retire - I would sell the house, and move to a lower cost area. You don't need a big house for retirement. That's what I plan to do. I am 45 and also in the IT field (Java developer) - but have been lucky so far in that I have only been laid off once (and found work the next day a...
by danaht
Sat Jun 03, 2017 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Is there a way on earth to reduce SS taxes?
Replies: 54
Views: 6345

Re: Is there a way on earth to reduce SS taxes?

So if your salary were $127,200 per year, and if you could negotiate it to be paid as $254,400 in odd-numbered years and not get paid in even-numbered years, then it seems to me that you (and your employer) would pay in $7,886.40 in odd-numbered years and $0 in even-numbered years, reducing your ef...
by danaht
Mon May 29, 2017 10:09 am
Forum: Investing - Theory, News & General
Topic: Credit unions are non-profit, how come they do not dominate over banks???
Replies: 73
Views: 7804

Re: Credit unions are non-profit, how come they do not dominate over banks???

I have both a credit union account, and a B of A bank account (Big) banks have the following advantages: 1) More ATMs everywhere (nation wide) 2) More branches and physical locations 3) Large rewards programs that extend to the bank's brokerage service 4) Can have a better selection of credit cards ...
by danaht
Sun May 28, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Contributing the entire Year 401K in one Pay period allowed?
Replies: 22
Views: 4281

Re: Contributing the entire Year 401K in one Pay period allowed?

As long as you make $18,000 + enough to pay all of the employee payroll taxes + any company deductions (like healthcare premiums) in one month - then you probably can. Be careful - you might lose some (or most) of your company's 401k employer match if you do this. Some companies have policies that o...
by danaht
Thu May 18, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a LLC to Do Consulting Work
Replies: 20
Views: 3403

Re: Do I need a LLC to Do Consulting Work

One of the biggest reasons to form a LLC (or corporation) is because some clients will require it to do business. A lot of companies require this because it's safer for them to do corp to corp billing rather than issue a 1099. Companies are doing this because of the new/existing policies (and law ca...
by danaht
Wed May 17, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Convince me to get back into stocks!
Replies: 83
Views: 8584

Re: Convince me to get back into stocks!

Since your still young - most of your allocation should be in equities (ie S&P 500 is a good choice). You also left out the effect of compounding in your equations. Every quarter your dividends get reinvested in the market and this keeps growing over time. If you leave your money in a money market (...
by danaht
Wed May 17, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: No longer able to deduct tIRA contributions - but should I Backdoor?
Replies: 14
Views: 1446

Re: No longer able to deduct tIRA contributions - but should I Backdoor?

You mentioned you are opening a solo 401k for your LLC this year. You should be able to transfer your deferred TIRA to the 401k if you get a plan that allows IRA transfers. (most do) Once it's in the 401k - the Roth backdoor is available. note: I'm not sure how you can transfer the TIRA since some o...
by danaht
Sat May 06, 2017 10:17 am
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 309
Views: 52779

Re: What is your favorite consumer product?

I think I have 4 favorite consumer products: 1) Mr Coffee 3 Quart Iced Tea Maker - this thing lasts forever, and makes great tea. I use it everyday. Be careful - the manufacturer sold two versions of this tea maker a couple years ago. I have tried both versions - and one version leaked water all ove...
by danaht
Fri May 05, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Capital One BuyPower Card with 5% Earnings
Replies: 3
Views: 2964

Re: Capital One BuyPower Card with 5% Earnings

I decided to take a chance on this card. The reward details have been stable for the last 2 years. It earns 5% rewards for the first $5,000 spent each year (and then 2% after that). The rewards do not expire, and can be used later to buy a GM car/truck. I plan to use this card every year until I hav...
by danaht
Sat Apr 29, 2017 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - go with Vanguard or someone else
Replies: 51
Views: 7683

Re: Solo 401k - go with Vanguard or someone else

Actually with Schwab you don't have to mail in a check. You can do an online transfer from outside bank to a taxable Schwab brokerage account and then once it settles (3 days) call the Schwab small business line and they will transfer for you over the phone from taxable to your i401K. Very easy to ...
by danaht
Sat Apr 29, 2017 9:00 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 225
Views: 17370

Re: Will cars be autonomous in three years?

I don't think we will have many autonomous cars in the next 15 years. Even if the technology is ready - people (and governments) are not. New laws will need to to be made. Details like what should happen when a driver-less car is in a wreck. How will the driver-less car report the accident and excha...
by danaht
Sat Apr 29, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 237
Views: 23856

Re: What is your overall portfolio weighted expense ratio

My portfolio is 80% index funds, and 20% large cap individual stocks. Of the 80% index funds - the average expense ratio is .07%.
by danaht
Mon Apr 24, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth for Independent Contractor?
Replies: 3
Views: 513

Re: Mega Backdoor Roth for Independent Contractor?

It will be nice when one of the "free" solo 401k administrators offers a plan that has the mega backdoor Roth option. If it happens - I'll switch. Even if it means not being able to convert the after tax amount to a Roth IRA until after you "leave" your company and rollover the 401k - it would still...
by danaht
Sun Apr 16, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: Downgrading Comcast (with no other competition)
Replies: 36
Views: 5105

Re: Downgrading Comcast (with no other competition)

There are some really cheap wireless internet providers that can compete with Comcast on internet (like 4gcommunity.org). These providers usually rely on the Sprint wireless 4g signal - so if you have good Sprint 4g reception in your area - that is something to look into. These providers use wireles...
by danaht
Sun Apr 16, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: 401K at Fidelity - International SCV and EM Funds/ETF
Replies: 7
Views: 831

Re: 401K at Fidelity - International SCV and EM Funds/ETF

IEMG is a low cost ETF for emerging markets and is one of the commission free ETFs at Fidelity.
by danaht
Sun Apr 16, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29892

Re: Do you have an umbrella policy?

I have an umbrella policy - but it's only for 1M. It offers a little more peace of mind than not having one at all.
by danaht
Wed Apr 12, 2017 8:52 pm
Forum: Investing - Theory, News & General
Topic: final, last dumb question: REITS vs Equity Funds
Replies: 20
Views: 2187

Re: final, last dumb question: REITS vs Equity Funds

A REIT is just another type of public company that specializes in real estate. So it's another equity stock, and some REIT companies are even in the S&P 500 index. If your planning to buy REIT stock (or a REIT ETF/index fund) - it's better to place this in a tax advantaged account (401k, IRA, etc) ....
by danaht
Tue Apr 11, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 469
Views: 101764

Re: Bank of America/Merrill Edge - Preferred Rewards

^actually in speaking with ME they stated VG "as of yet" has not approved reducing those expenses at ME. "as of yet" is key, maybe today, tomorrow, never, etc.. ME doesn't have to approve anything. Fund expenses are taken out by the fund company, not the brokerage, and it is not dependent on where ...
by danaht
Mon Apr 03, 2017 7:54 am
Forum: Personal Consumer Issues
Topic: Google Voice as secondary number: pros & cons
Replies: 19
Views: 3416

Re: Google Voice as secondary number: pros & cons

I use Google Voice as my Primary (mobile) and Secondary (land line) numbers. It's a great service. Not sure how Google makes money on this - but hoping the service lasts a long time. There are really no cons other than you need a data connection (or wifi) and you can not dial 911. I use my cell phon...
by danaht
Thu Mar 30, 2017 12:50 am
Forum: Personal Consumer Issues
Topic: Virtual Private Networks (VPNs)
Replies: 158
Views: 19608

Re: Virtual Private Networks (VPNs)

If you just want to get secure access from public wifi spots (or from work) - then I recommend you setup your own VPN server at your home. This way you don't have to pay (or use) a private VPN provider. To do this: just buy a router that comes with a VPN server function - or buy a router that is com...
by danaht
Sun Mar 26, 2017 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Thinking about opening an account with Merrill Edge
Replies: 35
Views: 6852

Re: Thinking about opening an account with Merrill Edge

I would only proceed with the transfer(s) if Merrill Edge agrees to pay all of the closing costs for the accounts. Most of those accounts will charge $100 to $300 to close. Merril Edge is great - and the free trades are a great benefit for Preferred Rewards. Also be sure to take advantage of the Ban...
by danaht
Sun Mar 19, 2017 1:32 pm
Forum: Investing - Theory, News & General
Topic: Risks of MLPs
Replies: 29
Views: 3934

Re: Risks of MLPs

Agree with MLPs being bad news. These can really add delays waiting fro your K1, and will make your taxes far more complex than anything else you could do. To me it's just not worth the added % for dividends.
by danaht
Sat Mar 11, 2017 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Help with LLC/S-corp and solo 401k
Replies: 14
Views: 1344

Re: Help with LLC/S-corp and solo 401k

Also consider what your state charges for unemployment insurance. That will be an added cost for a s-corp but also a potential benefit later. Texas only costs about ~ $50/employee a year after a couple of quarters of having it and not using it (which is really cheap). But I could see a state like CA...
by danaht
Fri Mar 10, 2017 11:48 am
Forum: Personal Consumer Issues
Topic: What to do with all these passwords ?
Replies: 125
Views: 16616

Re: What to do with all these passwords ?

I use Password Safe to manage all my passwords. https://pwsafe.org/ It's open source, and free to use on Windows and Android. I think there is also a IPhone version. It can retrieve and store all your passwords from a secure encrypted file in dropbox (or other cloud file service). It also generates ...
by danaht
Sat Mar 04, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: Where do you order checks from?
Replies: 57
Views: 5702

Re: Where do you order checks from?

Usually Costco. But may start ordering from Walmart if I decide to not renew my Costco membership this year.
by danaht
Sat Mar 04, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: senior sw engineer pay in boston area.How does mine stack up?
Replies: 16
Views: 3312

Re: senior sw engineer pay in boston area.How does mine stack up?

You're really lucky. That's a really high rate. $195k is also probably leaving out some of your benefits. You left out 401k match, health care premiums, vacation, sick time, etc. I bet the true cost to your employer is probably around $250k - much higher than $195k.
by danaht
Sat Mar 04, 2017 2:19 pm
Forum: Personal Consumer Issues
Topic: Bank of America vs Chase
Replies: 41
Views: 11791

Re: Bank of America vs Chase

The decisions is easy. Stay - If you are taking advantage of the Bank of America preferred rewards program. The big credit card rewards, and free trade commissions are worth staying for. You can also do most of your banking online (deposit checks with the mobile app, etc). Also, when you need money ...
by danaht
Thu Mar 02, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Why not utilize leveraged ETF's?
Replies: 26
Views: 2756

Re: Why not utilize leveraged ETF's?

MLPL was a leveraged ETF (or ETN) that was suppose to track a MLP index. It's a great example of why you should normally not buy a leveraged ETF (or ETN). The ETN (Exchange Traded Note) in this case had some type of policy that if the underlying investments went down to fast - the fund would be liqu...
by danaht
Tue Feb 28, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: LLC vs. S-corp
Replies: 22
Views: 1915

Re: LLC vs. S-corp

Keep in mind that your accountant wants you to do this election - because he will have more work to do (and more $). As a s-corporation you will need to file forms 940, 941, w2, and state unemployment form/taxes (for your employees/ ie you + wife) and the 1120s (+ yearly state franchise forms/taxes)...
by danaht
Mon Feb 27, 2017 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k options - available investments
Replies: 11
Views: 2253

Re: Solo 401k options - available investments

Fidelity, Schwab, and TDAmeritrade are all excellent options for a solo 401k. ETrade would be a good option if they had a better selection of commission free ETFs. Etrade seems to only offer unique and expensive commission free ETFs. Like here is one example - GLOBAL X CONSCIOUS COMPANIES ETF (KRMA)...
by danaht
Mon Feb 27, 2017 9:47 pm
Forum: Investing - Theory, News & General
Topic: I think Buffet sees oil price go lower
Replies: 25
Views: 2469

Re: I think Buffet sees oil price go lower

You definitely don't buy airlines if you think oil is headed to $100. Airlines have shown that they can make a profit at that level - but it's very tough to do it. Now that oil is cheaper - the airline employees (and unions) are bargaining with their CEOs to get much bigger raises. If oil does go ba...
by danaht
Sun Feb 26, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why not to do ROTH Conversion
Replies: 29
Views: 4066

Re: Why not to do ROTH Conversion

Keep in mind - you don't need to convert all at once. The idea is to convert X amount a year. Ideally - you would be doing these conversions the period right after you retire - and right before you start taking required minimum distributions. Also it makes sense to do the conversions if you are in t...
by danaht
Sun Feb 26, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: How much are independent contractors really taxed?
Replies: 48
Views: 5237

Re: How much are independent contractors really taxed?

I just read a story that stated that more people in the workforce are being forced to become contractors because companies just don't want the added risk and overhead that being an employee would bring. I am one of those people who made this change 5 years ago when I was laid off by a Mega corp. I r...
by danaht
Sun Feb 26, 2017 9:21 am
Forum: Investing - Help with Personal Investments
Topic: MyRA for Vacation Savings - Rollover Issue?
Replies: 12
Views: 1217

Re: MyRA for Vacation Savings - Rollover Issue?

I also googled myRA and found information stating that is a type of Ira. So you can't do both an ira of some type and a myRa. Why not? You have a max of 5500/6500 total between myra, tira and roth ira. If it's a choice between either a Roth or myRA - then for most people the Roth is the clear winne...
by danaht
Tue Feb 21, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: Which puppy to buy: golden retriever or labrador retriever?
Replies: 120
Views: 10046

Re: Which puppy to buy: golden retriever or labrador retriever?

Golden Retrievers are the best! But, as with a lot of pure-bred dogs they have some diseases that they get more often than other dogs. I have had 3 golden retrievers. One suddenly died at the early young age of 2 years because of a heart defect that is common among goldens. Another died of cancer wh...
by danaht
Sat Feb 18, 2017 6:47 pm
Forum: Personal Consumer Issues
Topic: Wifi Router Advice
Replies: 67
Views: 8132

Re: Wifi Router Advice

Costco has a nice sale (after coupon) on the NETGEAR Nighthawk AC1900 router for $129.99 - (it's currently selling for ~$159 at Newegg and Amazon). Netgear is one of the best companies for routers -and this particular router has the ability to use an open source firmware like DD WRT. How do you thi...
by danaht
Sat Feb 18, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Wifi Router Advice
Replies: 67
Views: 8132

Re: Wifi Router Advice

Costco has a nice sale (after coupon) on the NETGEAR Nighthawk AC1900 router for $129.99 - (it's currently selling for ~$159 at Newegg and Amazon). Netgear is one of the best companies for routers -and this particular router has the ability to use an open source firmware like DD WRT.
by danaht
Sat Feb 18, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investment in Limited Partnership?
Replies: 13
Views: 1661

Re: Investment in Limited Partnership?

LPs (especially publicly traded partnerships) can produce some horrible K1s for tax preparation purposes. This causes a couple issues for taxes: 1) You need to wait for your K1 - these usually appear at the end of March - so you only have 15 days to finish preparing your personal tax return usually ...
by danaht
Thu Feb 16, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Why own individual stocks?
Replies: 88
Views: 9649

Re: Why own individual stocks?

I have 18% of my total investments in individual stocks. The other 82% is mostly in the S&P 500 with some international indexes added recently. I know I won't beat the market with individual stocks. Why do I do it then? Because it's fun to own stocks of companies that I like and regularly use/ visit...
by danaht
Sun Feb 12, 2017 5:53 pm
Forum: Personal Consumer Issues
Topic: Need to replace rear shocks?
Replies: 22
Views: 2270

Re: Need to replace rear shocks?

Rear shocks are usually easy DYI, and OEM quality for your car cost about $40 each. Even if you need them, which is doubtful, I'd be really surprised if an inde mechanic would charge more than half the dealer estimate. You don't need a Honda mechanic to install new shocks. +1 - Rear shocks are usua...
by danaht
Sun Feb 12, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: The Ned Said Effect strikes again
Replies: 52
Views: 5586

Re: The Ned Said Effect strikes again

That's why I tend to hold everything I buy and never sell - unless I think the company is on the path to bankruptcy. Most of my holdings are also broad index funds - which I don't even have to think about monitoring or selling.