Search found 77 matches

by beehappy
Mon Oct 02, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Minimizing income in taxable account
Replies: 13
Views: 2190

Re: Minimizing income in taxable account

As my taxable account grows, so do the dividends, which are obviously taxable. Much of my portfolio is in VTI. I also have international funds VEU and VSS. (I am limiting my purchase of bonds right now because I'm aggressively paying off 5% student loan debt.) Right now the account is valued at abo...
by beehappy
Fri Sep 29, 2017 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 5259

Re: Tax saving strategies for DINKs

Fwiw, and I sense you were joking about this, kids are definitely a net cost, especially for dual high earners in a HCOL area. I think we will spend right around $100k on ours this year. I definitely miss the financial aspects of being dinks... +1 for this. I think we get only about $1200 childcare...
by beehappy
Thu Sep 28, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 5259

Re: Tax saving strategies for DINKs

We are a DINKs who live in the downtown area of a major city. We are both W-2 employees. We rent. We will be in the highest federal income tax bracket this year. When you add our high local income tax rate, our marginal rate will be fairly close to 50%. We will also pay AMT. If you pay AMT, your ma...
by beehappy
Thu Sep 28, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 5259

Re: Tax saving strategies for DINKs

Don't use any interest bearing savings accounts at all. That means that your Schedule B should have no items on the top half. Your income is high enough and your taxable accounts bloated enough that you don't need savings earning 1% to 2% and taxed at 50%. This doesn't make much sense as a tax-savi...
by beehappy
Thu Sep 28, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: We need help! Individual stock portfolio getting out of hand.
Replies: 23
Views: 2465

Re: We need help! Individual stock portfolio getting out of hand.

The good news is that most of your accumulation years are still ahead of you, and it sounds like you and your spouse are great savers. So you'll do pretty well even if you simply trim down your individual stock positions and start directing all new $$ to low-cost index funds. You can start by haltin...
by beehappy
Thu Sep 28, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: How to leave Morgan Stanley?
Replies: 5
Views: 950

Re: How to leave Morgan Stanley?

You can call up any big mutual fund company or discount broker to initiate the transfer. It is relatively simple. If you are willing to go with ETF, you can do with a discount broker with the most transfer bonus. If you ask them, they are also willing to pay for the closing fee. For info about tran...
by beehappy
Fri Sep 22, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2844

Re: Large Mortgage

I would take the 7/1 ARM. In fact, that's what I did in a similar position about 10 years ago. Then refinanced once to further lower the rate. Mortgage is now paid off. You got lucky, though. There is no guarantee that interest rates will stay flat. In fact, they are starting to creep up. If I had ...
by beehappy
Fri Sep 22, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 80
Views: 16427

Re: I-Bonds?

I've been meaning to ask. Does it bother anybody that I-bonds are guaranteed to have a negative real return due to the eventual taxes that must be paid on the interest unless we have deflation so bad that 0% is a positive real return. On the other hand, TIPS funds purchased in a tax-protected accou...
by beehappy
Thu Sep 21, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Realtor to buy home?
Replies: 36
Views: 3724

Re: Realtor to buy home?

My son is looking to buy a home and I'm just wondering if it's beneficial to work with a Realtor when buying? I do see the value working with a Realtor when selling but unsure when buying. With site's like Trulia and Zillow it's very easy to look for homes. Any help would be appreciated. Depending ...
by beehappy
Thu Sep 21, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?
Replies: 7
Views: 1233

Re: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?

mgensler wrote: ↑
Wed Sep 20, 2017 7:23 pm
We moved our 529 plans from TIAA which handles KY to the Fidelity plan earlier this year. We looked at Vanguard as well. We've been happy with the Fidelity plan.
That's really good to know. I'm not seeing a downside to making the move.
by beehappy
Thu Sep 21, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2844

Re: Large Mortgage

I would take the ARM. The concern is if interest rates balloon after 7 years. But your ARM rates are capped, interest rates don't balloon in a vacuum, so if they did, it means we have strong economy, and your investments should be doing well. Make sure you'll have the liquidity in 7 years to cover t...
by beehappy
Wed Sep 20, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?
Replies: 7
Views: 1233

Re: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?

You can leave the Vanguard plan where it is and open a Fidelity one and put in just the $2k to get the $50 tax deduction. Something else I've done is funded mine through my Fidelity Visa since the reward needs to go to a Fidelity account to achieve the full 2%. I considered this, but I'm not sure w...
by beehappy
Wed Sep 20, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?
Replies: 7
Views: 1233

Re: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?

I just gave the MA plan a quick look and it looks very resonable. Are there any maximums to how much is deductible per year in MA? If you "super-fund" it your could exceed your maximum deductable amount. A quick google search gave me this: Effective January 1, 2017 through the 2021 tax year, contri...
by beehappy
Wed Sep 20, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?
Replies: 7
Views: 1233

MA Resident -- Should we move 529s from Vanguard to MA Fidelity Plan?

We live in MA. We set up (Nevada) Vanguard 529's for our 2 kids earlier this year based on the advice of our financial planner (free through work EAP). He mentioned that MA offers a state tax deduction. But the MA state plan is not great, and that Vanguard's Nevada plan is better, even though we'd f...
by beehappy
Tue Sep 19, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Scottrade pain coming...
Replies: 18
Views: 3662

Re: Scottrade pain coming...

For the past 2 years we've had all 5 of our accounts with Scottrade. I normally have very few transactions, but coincidentally I'm now in the process of a significant allocation change to lower my equity:bond ratio. The reallocation across all accounts involves 23 transactions, 10 mutual funds and ...
by beehappy
Tue Sep 19, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Scottrade pain coming...
Replies: 18
Views: 3662

Re: Scottrade pain coming...

Maybe look into Merrill Edge. Nice bonus, free trades with Preferred Rewards or certain minimums, $20 transaction for non-NTF, and free morningstar reports. Not sure if they can accept those funds you named though. But I totally feel your pain.
by beehappy
Mon Sep 18, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Disproportionate to Investments
Replies: 18
Views: 2066

Re: Home Equity Disproportionate to Investments

Hi everyone, We have a good but challenging problem. We were fortunate to buy a home in the "right" HCOL area a handful of years back. Now, our home equity is rather disproportionate to our liquid investments as a % of net worth. We're a fair bit away from retiring (15-20 years) and aren't interest...
by beehappy
Sun Sep 17, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1338
Views: 225064

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Here's a link for a new $1000 Merrill Edge offer. Note that it says "This limited time offer is valid only for Money Show attendees". They have had similar offers in the past where some people (who had not attended the event) had no trouble signing up online with the offer code, but others reported...
by beehappy
Sun Sep 17, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning advice for young parents in Massachusetts
Replies: 33
Views: 3446

Re: Estate planning advice for young parents in Massachusetts

Thank you all so much for your insightful comments. I just wanted to add a bit more living color to the numbers. My husband isn't the finance type. I manage all our finances, even his individual accounts, and he gets flustered with having to make decisions about money or investments. So far, the onl...
by beehappy
Sun Sep 17, 2017 2:52 am
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 6990

Re: Lawyer overbilling for prenup review

I recently hired an attorney to review an existing prenup drafted by my fiancee's attorney. So, he was to represent my own interests. First we did an initial consult meeting which I paid for on-site. We established the intent of the prenup and figured out a good change to simplify the document. My ...
by beehappy
Sun Sep 17, 2017 2:43 am
Forum: Personal Consumer Issues
Topic: Whole Life Insurance Agent Will Not Cash Out My plans
Replies: 14
Views: 2578

Re: Whole Life Insurance Agent Will Not Cash Out My plans

If everything has transpired on the telephone you have nothing. Start by writing a letter to the agent politely listing your specific request. If you do not receive a satisfactory reply write a letter directly to the company. If that does not produce a satisfactory result file with your state insur...
by beehappy
Thu Sep 14, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning advice for young parents in Massachusetts
Replies: 33
Views: 3446

Re: Estate planning advice for young parents in Massachusetts

I should have mentioned the possibility of creating insurance trusts. When the Federal estate tax exclusion amount was lower (it was $675,000 as recently as 2001), there were lots of people who were rich enough (including their life insurance) to pay Federal estate tax but poor enough to need life ...
by beehappy
Thu Sep 14, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning advice for young parents in Massachusetts
Replies: 33
Views: 3446

Re: Estate planning advice for young parents in Massachusetts

look into your work benefit to see if it provide simple legal aids. Most employers provide some sort of legal aids. Our employers provide free phone call legal aids but if we paid additional $10/pay check, attorney consultation for simple matters (such as estate planning, prenups, adoptions, etc) a...
by beehappy
Thu Sep 14, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning advice for young parents in Massachusetts
Replies: 33
Views: 3446

Re: Estate planning advice for young parents in Massachusetts

Bruce, Thank you SO MUCH for this excellent response! I feel a huge weight just coming off my shoulders from reading your guidance on this. For estate planning purposes, you have a $6 million estate, since life insurance becomes cash at your death. This should be a fairly routine matter. The cost sh...
by beehappy
Wed Sep 13, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning advice for young parents in Massachusetts
Replies: 33
Views: 3446

Re: Estate planning advice for young parents in Massachusetts

Thanks for the responses. I think he mentioned the trusts and tax shelters, despite our relatively low assets, for 2 reasons: (1) in MA, the state estate tax exemption is $1M. So we've already surpassed that if you add in the insurance proceeds. (2) with small children, it would be good to not have ...
by beehappy
Wed Sep 13, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Reaching 401k Max
Replies: 15
Views: 2380

Re: Reaching 401k Max

Called Fidelity and found out my employer does indeed stop it once it hits $18K. He then told me I STILL can contribute to the plan on an after-tax basis - but I am assuming I should look to do a ROTH IRA at that point or at least a backdoor ROTH IRA to avoid getting taxed twice. If your plan allow...
by beehappy
Wed Sep 13, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning advice for young parents in Massachusetts
Replies: 33
Views: 3446

Estate planning advice for young parents in Massachusetts

I've been reading this forum and (stealthily) learning more about investing. But this is my first post. My husband and I are looking into estate planning. I'm in my mid-30s and he's in his mid 40's. We have 2 young children under 3 years old, and may have one more. We live in Massachusetts. We had a...