Search found 10281 matches

by KlangFool
Sat Oct 27, 2018 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2279

Re: Should I lower Savings Rate?

KlangFool - Thanks for the link. I can't contribute to Roth due to income, but have done some reading on backdoor Roth contributions. BJJ nerd, You may want to make sure. That income limit is based on MAGI. https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributi...
by KlangFool
Sat Oct 27, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: Being true to my IPS, or violating it?
Replies: 22
Views: 1995

Re: Being true to my IPS, or violating it?

OP, I do not believe in setting your AA based on age. This is exactly the problem that you have. Your AA does not have a direct relationship to age at all. The direct relationship is to the size of your portfolio. So, you should change your IPS to adjust your AA based on the size of your portfolio. ...
by KlangFool
Sat Oct 27, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2279

Re: Should I lower Savings Rate?

KlangFool - Thanks for the link. I can't contribute to Roth due to income, but have done some reading on backdoor Roth contributions. BJJ nerd, You may want to make sure. That income limit is based on MAGI. https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributi...
by KlangFool
Sat Oct 27, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2279

Re: Should I lower Savings Rate?

"Why contribute to the 529s when you can contribute to the Roth IRAs?" Because you may be over the limit.... If OP is saving 1 year of expense every year, he is not over the limit. KlangFool Really? How when I am spending 200k and saving 200k and I not over the limit? randomguy, Please do not post ...
by KlangFool
Sat Oct 27, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2279

Re: Should I lower Savings Rate?

OP, 1) Your portfolio is large enough that you should not be 100% stock. You can no longer afford a 50% loss. 2) At 13 times your annual expense, you are a few years from your FI number. So, why would you reduce your saving rate now? Reach your FI number first. Then, you could use the earning from ...
by KlangFool
Sat Oct 27, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2279

Re: Should I lower Savings Rate?

OP, 1) Your portfolio is large enough that you should not be 100% stock. You can no longer afford a 50% loss. 2) At 13 times your annual expense, you are a few years from your FI number. So, why would you reduce your saving rate now? Reach your FI number first. Then, you could use the earning from ...
by KlangFool
Sat Oct 27, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2279

Re: Should I lower Savings Rate?

OP,

Instead of cutting your saving rate, keep your saving rate. Then, allocate 1% of your portfolio for your extra spending. Save first, spend later.

KlangFool
by KlangFool
Sat Oct 27, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2279

Re: Should I lower Savings Rate?

OP, 1) Your portfolio is large enough that you should not be 100% stock. You can no longer afford a 50% loss. 2) At 13 times your annual expense, you are a few years from your FI number. So, why would you reduce your saving rate now? Reach your FI number first. Then, you could use the earning from y...
by KlangFool
Fri Oct 26, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: How to debug slow wifi?
Replies: 27
Views: 1836

Re: How to debug slow wifi?

All good replies so far. One thing I forgot to mention is my router appears to be dual band. Yesterday, I checked the box for 5Ghz network and restarted it. But I did not see any 5Ghz network show up in my list of wifi networks.. Perhaps it is not dual band? knightrider, Or, the router is a dual ba...
by KlangFool
Fri Oct 26, 2018 12:00 pm
Forum: Personal Consumer Issues
Topic: How to debug slow wifi?
Replies: 27
Views: 1836

Re: How to debug slow wifi?

In the past few weeks our wifi has suddenly started slowing down in the bedrooms farthest from the router. I did a speedtest in our upstairs bedroom and only got 3Mbps for download and .2 Mbps for upload. We never used to have problems watching videos in this bedroom. Now they stall for buffering.....
by KlangFool
Fri Oct 26, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7611

Re: Reaction to Market

Well, not well, however, I will keep the long term view in mind (hopefully). yousha, You have to survive in order to succeed. Are you prepared? A) If the recession hit and the market stays down for 5 years plus you are unemployed, will you survive financially? B) How much money will you lose if tha...
by KlangFool
Fri Oct 26, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7611

Re: Reaction to Market

Well, Market is giving back via the pre-market. yousha, So, how are you going to feel when there is a 6%/200K drop? 12%/400K drop? It will happen sometimes. KlangFool Well, not well, however, I will keep the long term view in mind (hopefully). yousha, You have to survive in order to succeed. Are yo...
by KlangFool
Fri Oct 26, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7611

Re: Reaction to Market

Well, Market is giving back via the pre-market. yousha, So, how are you going to feel when there is a 6%/200K drop? 12%/400K drop? It will happen sometimes. KlangFool Well, not well, however, I will keep the long term view in mind (hopefully). yousha, You have to survive in order to succeed. Are yo...
by KlangFool
Fri Oct 26, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Student loans vs House down payment
Replies: 16
Views: 1048

Re: Student loans vs House down payment

Thanks for the additional input everyone. To clarify a few things, these were 10 year loans I started paying on in 2015 or 2016. The loans were originally $30k. I paid a fair chunk of them down aggressively with some savings right when I graduated. I plan on being with this employer for the foresee...
by KlangFool
Fri Oct 26, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Student loans vs House down payment
Replies: 16
Views: 1048

Re: Student loans vs House down payment

Nate79 wrote:
Thu Oct 25, 2018 2:29 pm
Personally I believe in paying off consumer debt and student loans before buying a house.
+1.

Stop digging a bigger hole when you are in one.

KlangFool
by KlangFool
Thu Oct 25, 2018 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7611

Re: Reaction to Market

yousha wrote:
Thu Oct 25, 2018 8:01 pm
Well, Market is giving back via the pre-market.
yousha,

So, how are you going to feel when there is a 6%/200K drop? 12%/400K drop? It will happen sometimes.

KlangFool
by KlangFool
Thu Oct 25, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: Teach children to save 10% from day one...?
Replies: 31
Views: 2241

Re: Teach children to save 10% from day one...?

OP, I come from a multi-generation business family. We trained and coached our kids to manage their money. Each kid is given a few hundred a year since they were born. They are free to do whatever they want with their money. We showed them what we did with our money but we do not tell them what they...
by KlangFool
Thu Oct 25, 2018 6:39 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 102
Views: 9865

Re: When will you backup the truck on stocks

Yeah. That is probably a good approach for many people. That is my main criticism of the 3 funds portfolio. It assumes that the individual investor could rebalance their portfolio during the bear market and the bull market. That assumption is invalid for many people. KlangFool Hi KlangFool, Did you...
by KlangFool
Thu Oct 25, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 102
Views: 9865

Re: When will you backup the truck on stocks

marcopolo, During the 2008/2009 recession, most of my portfolio was 50% in the Vanguard LifeStrategy Moderate Growth Fund (60/40) and 50% in the Wellington fund (65/35). Hence, it rebalances itself whether I like it or not. During a crisis, most people will freeze and do nothing. Or, what they did ...
by KlangFool
Wed Oct 24, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7611

Re: Reaction to Market

Difficult to follow the Philosophy aspired by the Organization after today's dumpster dive even with the appropriate risk reward ratio. $100,000 paper loss today. yousha, If you lose 100K with 3% market drop, you have 3+ million in stock. A) You are a very lucky person to have that much money. B) W...
by KlangFool
Wed Oct 24, 2018 9:36 pm
Forum: Investing - Theory, News & General
Topic: TLH -> Non-qualified Dividend
Replies: 18
Views: 1184

TLH -> Non-qualified Dividend

Folks, I need help in understanding this issue. So, if I sell a portion of the mutual fund that I held less than 61 days, the qualified dividend from that portion of mutual fund becomes non-qualified dividend. A) Do Vanguard keep track of that and show the numbers in the tax form? B) Why is this a b...
by KlangFool
Wed Oct 24, 2018 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Would you like to review our IPS?
Replies: 4
Views: 467

Re: Would you like to review our IPS?

OP, 1) I second the other poster's opinion. What is your FI number? In order to have a strategy, you need to define your goal. <<Glide to 60% stock at age 60. 1% / year starting at age 41.>> 2) This does not work too. Your AA should be based on the size of your portfolio as related to your number. I...
by KlangFool
Wed Oct 24, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7810
Views: 1604677

Re: U.S. stocks in freefall

Folks,

I have about 20K worth of gain that I need to use TLH to cancel out. Looks like it is getting close for me. Unfortunately, I just TLH last week and this week. So, I need this to continue for a while before my next round of TLH.

KlangFool
by KlangFool
Wed Oct 24, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking housing advice
Replies: 11
Views: 1174

Re: Seeking housing advice

BolderBoy wrote:
Wed Oct 24, 2018 11:42 am
leeks wrote:
Wed Oct 24, 2018 8:58 am
Sandtrap wrote:
Wed Oct 24, 2018 8:22 am
Option C.
Rent a modest dwelling nearby at minimal cost.
In-laws move in there.
+1
+2. This is the least risky option. When FIL gains employment he should start contributing to the housing cost.
+3.

KlangFool
by KlangFool
Wed Oct 24, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Sweetner for Tea
Replies: 25
Views: 1244

Re: Sweetner for Tea

Honey from Costco.

KlangFool
by KlangFool
Tue Oct 23, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Making loose leaf tea
Replies: 32
Views: 1650

Re: Making loose leaf tea

Upton Tea has sampler kits. For robust tea, try the British Blend; for a more elegant trial, try Oolong or Darjeeling; for the most delicate, try Green. Using a french press to brew tea is like using a hammer to drive a screw: not recommended. Get a teapot. MJS, I disagreed. It depends on the space...
by KlangFool
Tue Oct 23, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Making loose leaf tea
Replies: 32
Views: 1650

Re: Making loose leaf tea

Upton Tea has sampler kits. For robust tea, try the British Blend; for a more elegant trial, try Oolong or Darjeeling; for the most delicate, try Green. Using a french press to brew tea is like using a hammer to drive a screw: not recommended. Get a teapot. MJS, I disagreed. It depends on the space...
by KlangFool
Tue Oct 23, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Making loose leaf tea
Replies: 32
Views: 1650

Re: Making loose leaf tea

How do you make loose leaf tea? I'm thinking about getting a french press but wondering what others prefer. Edit for more info: Ideally I'd like something that makes ~3 cups and I'd prefer to let it steep overnight so I can just heat it up in the morning to have first thing I've used a French press...
by KlangFool
Tue Oct 23, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Making loose leaf tea
Replies: 32
Views: 1650

Re: Making loose leaf tea

The most delicate tea is the white tea. KlangFool Klang: where can I get white tea? I have tried it before and it is so subtle and pleasing. Loose leaf better than bags? tenkuky, 1) Upton Tea <<Loose leaf better than bags?>> 2) Yes. And, loose leaf is cheaper than tea bag if you buy your tea from U...
by KlangFool
Tue Oct 23, 2018 9:59 am
Forum: Personal Consumer Issues
Topic: Making loose leaf tea
Replies: 32
Views: 1650

Re: Making loose leaf tea

I use a simple 1 quart Pyrex measuring cup and a small hand held fine mesh strainer to pour the tea from measuring cup to drinking cup. I drink a lot of loose leaf tea, mostly aged pu'erh style tea. Steeping overnight is a bad idea. It is not a good idea to over steep/brew tea as most tea will rele...
by KlangFool
Tue Oct 23, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Is TLH in 12% bracket less worthwhile?
Replies: 22
Views: 1821

Re: Is TLH in 12% bracket less worthwhile?

OP, You will save $360 in tax via TLH. If you do nothing, you will pay $360 in taxes. So, what is the question? Unless you like paying taxes, what won't you do this? KlangFool In particular, my questions 1 and 2 above. Would this act turn September's tax free dividends into taxable dividends (reduc...
by KlangFool
Tue Oct 23, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Is TLH in 12% bracket less worthwhile?
Replies: 22
Views: 1821

Re: Is TLH in 12% bracket less worthwhile?

OP,

You will save $360 in tax via TLH. If you do nothing, you will pay $360 in taxes. So, what is the question? Unless you like paying taxes, what won't you do this?

KlangFool
by KlangFool
Tue Oct 23, 2018 7:26 am
Forum: Personal Consumer Issues
Topic: Making loose leaf tea
Replies: 32
Views: 1650

Re: Making loose leaf tea

Upton Tea has sampler kits. For robust tea, try the British Blend; for a more elegant trial, try Oolong or Darjeeling; for the most delicate, try Green. Using a french press to brew tea is like using a hammer to drive a screw: not recommended. Get a teapot. MJS, I disagreed. It depends on the space...
by KlangFool
Tue Oct 23, 2018 7:21 am
Forum: Personal Consumer Issues
Topic: Making loose leaf tea
Replies: 32
Views: 1650

Re: Making loose leaf tea

OP, https://www.uptontea.com/ 1) Upton tea is a direct tea importer. They have 200+ varieties of teas. They could be beat in term of price, quality, and varieties. 2) I use Glass French Press or Glass Tea Pot to brew my tea. For loose leaf tea, you need plenty of space for the tea leaves to be fully...
by KlangFool
Mon Oct 22, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: Playing with FIRE(Financial Independence) documentary trailer.
Replies: 35
Views: 5402

Re: Playing with FIRE(Financial Independence) documentary trailer.

OP, There is no fighting chance for them to FIRE and live a normal life at the same time. KlangFool What exactly is "normal"? Like, Bogleheads normal, or are you talking the normal American consumption lifestyle of someone making three times the median household income? Normal to me where I live is...
by KlangFool
Mon Oct 22, 2018 7:05 pm
Forum: Personal Consumer Issues
Topic: Playing with FIRE(Financial Independence) documentary trailer.
Replies: 35
Views: 5402

Re: Playing with FIRE(Financial Independence) documentary trailer.

OP, 1) No, I would not watch it. I believe it sends a wrong message. A person has to do extreme stuff in order to FIRE. That discourage some folks from starting the road to FIRE in the first place. 2) As per my income peers (annual median household income of 150K), we made enough money to FIRE. We d...
by KlangFool
Mon Oct 22, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25564

Re: PSA: Don't buy a big house

We just moved from CA to TX. We ended up buying a McMansion compared to what we had before: - 4 BR, 4BA - 3750 sq ft (Note: For many I'm sure this will still be 'small'...) - 0.75 acres - 10-ft ceilings throughout - 20-ft ceilings in hallways and 'great room' In some ways it's great, there is space...
by KlangFool
Mon Oct 22, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25564

Re: PSA: Don't buy a big house

We just moved from CA to TX. We ended up buying a McMansion compared to what we had before: - 4 BR, 4BA - 3750 sq ft (Note: For many I'm sure this will still be 'small'...) - 0.75 acres - 10-ft ceilings throughout - 20-ft ceilings in hallways and 'great room' In some ways it's great, there is space...
by KlangFool
Mon Oct 22, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 49
Views: 3959

Re: Timing mortgage pay down

OP, It is very simple. Mortgage interest rate = X. Market return = Y. If Y > X, investing win. If X > Y, pay extra win. It has nothing to do with timing. If you have $500 extra, mortgage interest = 3% and market return = 7%, investing the $500 always win since 7% is greater than 3%. KlangFool P.S.:...
by KlangFool
Mon Oct 22, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 16810

Re: Where would you go for financial guidance if you win the Megamillions?

Am I correct to assume that I could donate a significant amount to charity and/or donor-advised trust instead of paying taxes? Yes and no. You could reduce the amount you would pay in taxes by giving away a portion of it. Part of why my imaginary plan includes donating 40% of it is that it lowers t...
by KlangFool
Sun Oct 21, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 16810

Re: Where would you go for financial guidance if you win the Megamillions?

Yes, if you gave the money to a qualified charity, you wouldn't owe taxes on the amount you gave away. I don't know the terms and conditions of the lottery, but if they allowed for multiple people to claim the same ticket, you could probably give a fractional share to anybody and they (rather than ...
by KlangFool
Sun Oct 21, 2018 3:07 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3065

Re: Why Purchase an Automobile using Premium Gasoline?

denovo, I do not know whether that is true in the context of Nissan Altima. After the 2006 model, the newer model like the 2014 Nissan Altima 3.5 does not use premier gas. I would assume that 2014 Nissan Altima 3.5 is at least as powerful as the 2006 Nissan Altima 3.5SL. KlangFool You wanted to com...
by KlangFool
Sun Oct 21, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3065

Re: Why Purchase an Automobile using Premium Gasoline?

denovo, I do not know whether that is true in the context of Nissan Altima. After the 2006 model, the newer model like the 2014 Nissan Altima 3.5 does not use premier gas. I would assume that 2014 Nissan Altima 3.5 is at least as powerful as the 2006 Nissan Altima 3.5SL. KlangFool You wanted to com...
by KlangFool
Sun Oct 21, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 16810

Re: Where would you go for financial guidance if you win the Megamillions?

Folks,

Am I correct to assume that I could donate a significant amount to charity and/or donor-advised trust instead of paying taxes?

KlangFool
by KlangFool
Sun Oct 21, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3065

Re: Why Purchase an Automobile using Premium Gasoline?

How many consider the type of gasoline an automobile uses when purchasing? Automobiles using regular, unleaded gasoline typically, I think, get better mileage and have comparable torque and acceleration in my experience. What justifies the choice of significantly more expensive fuel other than simp...
by KlangFool
Sun Oct 21, 2018 1:06 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3065

Re: Why Purchase an Automobile using Premium Gasoline?

How many consider the type of gasoline an automobile uses when purchasing? Automobiles using regular, unleaded gasoline typically, I think, get better mileage and have comparable torque and acceleration in my experience. What justifies the choice of significantly more expensive fuel other than simp...
by KlangFool
Sun Oct 21, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3065

Re: Why Purchase an Automobile using Premium Gasoline?

How many consider the type of gasoline an automobile uses when purchasing? Automobiles using regular, unleaded gasoline typically, I think, get better mileage and have comparable torque and acceleration in my experience. What justifies the choice of significantly more expensive fuel other than simp...
by KlangFool
Fri Oct 19, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: Are bonds the Maginot Line of Modern Investing?
Replies: 43
Views: 4113

Re: Are bonds the Maginot Line of Modern Investing?

OP,

Besides stocks and bond, I held cash, physical gold, and 30 years fixed rate mortgage.

KlangFool
by KlangFool
Fri Oct 19, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 49
Views: 3959

Re: Timing mortgage pay down

+1. I have some extra money. I could invest it any way that I want. A) I could pre-pay my mortgage at 3.49% and lose liquidity. B) I could keep the money in my money market fund at 2%. With the interest rate going up, this rate may exceed 3.49% in a year or two. C) I could invest as per my portfoli...
by KlangFool
Fri Oct 19, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Timing mortgage pay down
Replies: 49
Views: 3959

Re: Timing mortgage pay down

30 years fixed rate mortgage is not the same as a normal bond or a bond fund. KlangFool So you say - but my point is that this subject is more nuanced than you care to consider. You have a very black and white view that is generally at odds with my experience. I don't believe that it makes any diff...