Search found 340 matches

by MrBeaver
Wed Aug 15, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3713

Re: Help with inheritance choice

What happens to the other $1M? If the other 1M would be donated to a charitable institution, then it is likely better for them to donate the IRA to charity and the cash to the heirs. There is a breakeven point (number of years) where there is more benefit to keeping a gift to heirs in a tax deferre...
by MrBeaver
Wed Aug 15, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: steel cut oats wash/rinse before cooking
Replies: 26
Views: 8185

Re: steel cut oats wash/rinse before cooking

- They discontinued rolled rye flakes. They were great; really savory tasting. An easy/fast thickener too. - They discontinued whole rye groats. Ditto... great with game, even in stuffings. Amazing flavor. - They discontinued rolled barley flakes. Another excellent and quick thickener. - They disco...
by MrBeaver
Wed Aug 15, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: steel cut oats wash/rinse before cooking
Replies: 26
Views: 8185

Re: steel cut oats wash/rinse before cooking

For anyone who wants a truly amazing oatmeal experience, skip the steel cut oats, and get an oat roller to roll your own oat groats (that's what the grain is called before it is rolled or cut). Seriously, this is the best $100 I've spent, ever: https://www.amazon.com/All-Steel-Oat-Mill-Marga-Mulino/...
by MrBeaver
Tue Aug 14, 2018 9:04 pm
Forum: Personal Investments
Topic: Another Roth vs Traditional Debate
Replies: 21
Views: 2411

Re: Another Roth vs Traditional Debate

Any mistakes I'm making in my logic? The way qualified dividends are taxed, your marginal tax saving rate on t401k contributions could be very high. E.g., assuming - $110K gross - $7K pre-tax insurance - $6900 employer-sponsored HSA - $17.5K qualified dividends - MN state tax your marginal rates fo...
by MrBeaver
Mon Aug 13, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: What is the best way to determine if one should buy something or save their money?
Replies: 29
Views: 2147

Re: What is the best way to determine if one should buy something or save their money?

My rules are simple: 1. If it is a piece of technology, then I have to need (not want) to use it every day and I have to give up a current piece of technology. 2. If it is clothing, then I need to use it almost every month and I have to give up a current piece of clothing or two. 3. If it is someth...
by MrBeaver
Mon Aug 13, 2018 8:34 pm
Forum: Personal Consumer Issues
Topic: What is the best way to determine if one should buy something or save their money?
Replies: 29
Views: 2147

Re: What is the best way to determine if one should buy something or save their money?

I reframe it as ‘Do I want one of these now, or one every X years when I’m 60 for the rest of my life?’

X equals roughly:
1 when 15
2 when 25
4 when 35
8 when 45
16 when 55
by MrBeaver
Sun Aug 12, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: House Value & Mortgage as a Percentage of Net Worth
Replies: 83
Views: 7062

Re: House Value & Mortgage as a Percentage of Net Worth

1) What percentage of a person's gross pay should the monthly payment be? (All inclusive - Mortgage, Principal, Insurance, HOA, etc.). My Guess : In my opinion if it is more than 25% I am buying/renting too much house. So if you are bringing in 10,000 / month gross, you can go up to 2,500/ month in...
by MrBeaver
Fri Aug 10, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 3766

Re: Is your monthly expense really that stable or in reality, pretty volatile?

As others have suggested, I 'monthize' those expenses. I'm pretty dogmatic and use a (digital) envelope style system for budgeting, so that funds not spent at the end of a month in one budget category roll over as available money for the next month. For example, I save $X for car maintenance or repl...
by MrBeaver
Wed Aug 08, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Absolute vs percentage saving
Replies: 21
Views: 2618

Re: Absolute vs percentage saving

Thank you for the input. My initial stimulus for this question wasn’t whether or not I can save as little as possible and still be ok, but rather to limit the mental burden. It becomes a chore to make sure that I’m always saving the “proper” amount for retirement. Here is what I'm doing, in case it...
by MrBeaver
Tue Aug 07, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 6457

Re: Comfort level with Credit Card Balance

One thing that hasn’t been mentioned is that proactively paying off the float prior to applying for credit or a different transaction where they do a credit pull for computing a rate charge can help substantially if your credit score is near a cutoff border that would determine different rates charg...
by MrBeaver
Mon Aug 06, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Baby on way: life insurance Qs
Replies: 27
Views: 1799

Re: Baby on way: life insurance Qs

I just went through a similar process, though our situation (ages, number of children, etc.) are somewhat different. I was also 'disappointed' with the standard advice of 10-20x salary independent of current net worth, expenses, or estimated future large expenses (college). Because of that, please t...
by MrBeaver
Sat Aug 04, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: Anti-reflective coating on lenses for glasses
Replies: 9
Views: 1051

Re: Anti-reflective coating on lenses for glasses

In case you’re curious why, AR coatings are basically iterative layers of deposited glass or plastic on top of the substrate which changes the impedance difference (index of refraction delta between the two adjacent substrates) such that frequencies of light which would normally reflect due to the F...
by MrBeaver
Fri Aug 03, 2018 4:26 pm
Forum: Personal Investments
Topic: Help with my Parents RMD and my potential future inheritance
Replies: 13
Views: 1051

Re: Help with my Parents RMD and my potential future inheritance

Yea my parents just want to make sure they will be ok if another 08 crash happens. They freaked out last time . My wife and myself each make over 100k/year so hopefully I don't believe my parents think all I see is my future inheritance lol. ... Their thought process is they may not tap into any of...
by MrBeaver
Wed Aug 01, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Collections Record on Credit Score
Replies: 4
Views: 307

Re: Collections Record on Credit Score

Sorry to hear. I will say that in my experience, cable companies have been notoriously bad at handling this sort of thing. One company I had, when I DID return the equipment, they never marked it as returned and sent it to collections. The next company I purchased service from, I specifically bought...
by MrBeaver
Wed Aug 01, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 814
Views: 97315

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

It seems what is lost in all the securities lending talk is that perhaps to compare true cost, one should look at "net ER + returned lending revenue"? If Fidelity charges 0% ER but returns 2 basis points of lending revenue to shareholders, while Vanguard charges 0.04% ER (4 basis points) and returns...
by MrBeaver
Wed Aug 01, 2018 2:53 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 814
Views: 97315

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Here is the video interviewing a representative from Fidelity. You'll enjoy the last question at the end of the video. https://www.cnbc.com/video/2018/08/01/fidelity-first-no-fee-interest-funds.html I enjoyed one of the questions in the middle of the interview: Interviewer: "There's lots of zeros h...
by MrBeaver
Sun Jul 29, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 91
Views: 7783

Re: Are Credit Cards Actually Convenient?

I get a card declined on probably 25% of the trips we take. I rarely call ahead to inform them of travel plans. Whenever I call to get the card reinstated, the customer service agent usually says something like ‘this is to protect you against fraud’. I always make a point to (nicely!) inform them th...
by MrBeaver
Sat Jul 28, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: EMV Chip + Pin priority credit cards available in the USA?
Replies: 11
Views: 1375

Re: EMV Chip + Pin credit cards available in the USA

Your requirement for "pin priority" does eliminate all other options however I use one of the Barclay cards in Europe as my PIN card when necessary and I have to say I have never come across the situation of a manned station (merchant) that would not accept the signature option. I do make sure I kn...
by MrBeaver
Sat Jul 28, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: EMV Chip + Pin priority credit cards available in the USA?
Replies: 11
Views: 1375

Re: EMV Chip + Pin credit cards available in the USA

I don’t know if it would ultimately broaden your choices, but wouldn’t you be able to keep the card active by occasionally making online purchases or perhaps putting a small recurring charge (eg Netflix) on the card? Good point. I honestly don’t know how chip + Pin only cards are handled by US onli...
by MrBeaver
Sat Jul 28, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: House purchase - Can I afford? (not what you think)
Replies: 2
Views: 692

Re: House purchase - Can I afford? (not what you think)

FYI, this strategy appears to break down for those with high savings rates (around 40% for me). Into the Bankrate calculator, I put in our 80k earmarked and available for a future house upgrade down payment and our savings amount. It barfed. It tells me it’s not sure if I can afford a <80k house eve...
by MrBeaver
Sat Jul 28, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: EMV Chip + Pin priority credit cards available in the USA?
Replies: 11
Views: 1375

EMV Chip + Pin priority credit cards available in the USA?

While I don’t travel much internationally, the times I have made me very annoyed at the US banking and retail sector’s decision to use chip + signature cards instead of chip + pin (less secure, less interoperable with Europe and other places that use chip + pin). See here for more info: https://www....
by MrBeaver
Fri Jul 27, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Paper on Roth Conversion Analysis
Replies: 123
Views: 11247

Re: Vanguard Paper on Roth Conversion Analysis

Other factors can lower the BETR, e.g. LTC deductions, tax-loss harvesting in retirement, delaying SS and spending down a tIRA to replace the income likely reduces the tax drag as well in many cases. I've been bothered by these analyses for some time, and I finally understand the concern well enoug...
by MrBeaver
Thu Jul 26, 2018 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Preliminary Version of Revised Form 1040 Released by IRS
Replies: 10
Views: 1260

Re: Preliminary Version of Revised Form 1040 Released by IRS

You will now be able to spot an ‘old taxpayer’ vs a new one by who still refers to “above the line deductions”.
by MrBeaver
Mon Jul 23, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: Engineers come in.
Replies: 108
Views: 8841

Re: Engineers come in.

It doesn't matter how hard the coursework is. He can finish it if he wants to. What's more important is that in many industries, engineers are there to encounter problems they don't know how to solve, and figure out solutions. For many, this is energizing. For most, this can get discouraging at time...
by MrBeaver
Mon Jul 23, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Pay for college with cash flow
Replies: 78
Views: 6344

Re: Pay for college with cash flow

The biggest concern I see is: you plan to be FI near college entrance age. What age will you be at the time? It may be beneficial to have some taxable savings just to increase tax diversification. Doing so may require that you increase your savings rate, however. I'll just be in my early 50s by the...
by MrBeaver
Mon Jul 23, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: High voltage powerlines near house
Replies: 72
Views: 5979

Re: High voltage powelines near house

As a EE, I could go through the equations with you, but power lines seem to be like audio guys talk about "oxygen free cables". Enough on that. Some probing questions on both sides: Do you ever put your cell phone to your ear? Do you live in a house surrounded by 60Hz 120V wiring, like you're in a ...
by MrBeaver
Sun Jul 22, 2018 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Pay for college with cash flow
Replies: 78
Views: 6344

Re: Pay for college with cash flow

Beyond saving over 50% of our gross income in other tax-advantaged accounts, we will not be saving in any other account types, such as a taxable brokerage account. So we aren't "passing up tax-free growth." We're taking full advantage of it in other account types. So really then, the posed question...
by MrBeaver
Tue Jul 17, 2018 11:59 pm
Forum: Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4968

Re: Heresy: Is It Worth Converting tIRAs to Roth?

We're in the 24% Fed bracket, and ~ 9% state tax bracket. …Our retirement income is likely to be very close to our working income, due to a generous pension and aggressive savings. …Given that we have no kids to whom we want to leave a Roth...is there any reason why we should prioritize the convers...
by MrBeaver
Sun Jul 15, 2018 6:04 pm
Forum: Investing - Theory, News & General
Topic: Has the range of expected stock market returns ever been larger than today?
Replies: 15
Views: 1887

Re: Has the range of expected stock market returns ever been larger than today?

Kids thrive with parental attention. My personal guess is if you use a low expected return (2-4%) and it makes you put off a costly choice that sounds great for a cheap one that sounds good, you will still be able to have healthy kids and good experiences. Whichever choice gives you the most freedo...
by MrBeaver
Sun Jul 15, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: Has the range of expected stock market returns ever been larger than today?
Replies: 15
Views: 1887

Re: Has the range of expected stock market returns ever been larger than today?

First, I have to ask the OP — what is an “individual deformity poster”!? :wink: Haha, oops. Autocorrect bit me. ‘forum poster’ was the intention. I’ll fix it. 3. Yeah, this is maddening, sort of a paradox. The problem is end-point sensitivity, as nisiprius always notes. We can make a reasonable sou...
by MrBeaver
Sun Jul 15, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: Has the range of expected stock market returns ever been larger than today?
Replies: 15
Views: 1887

Has the range of expected stock market returns ever been larger than today?

In future plannng, expected stock market returns are a huge variable, though they are also the one variable we have zero control over. I’ve seen expected future total stock market real returns quoted as little as 2% real in threads here in this forum, a lot of links to professional analysts expectin...
by MrBeaver
Fri Jul 13, 2018 12:23 am
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 11426

Re: When does frugal cross the line to cheapskate?

1. When you get more joy from saving money than from giving it away. Or: 2. You are frugal when you don’t let your means inflate your standards of contentment. You are a cheapskate when fear drives your expenditures. You are irresponsible when you spend to chase perceived contentment irrespective of...
by MrBeaver
Thu Jul 12, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retired, age 60 - Tax Plan. Please suggest improvements.
Replies: 30
Views: 3612

Re: Retired, age 60 - Tax Plan. Please suggest improvements.

2) I'm not spending down taxable accounts in 2018 because I want to eliminate the need to file form 8606 in my SSN. My IRA includes some tax basis (i.e. after tax contributions); most of my pre-tax money is still in my company's 401k. In 2018 I plan to use (either convert to Roth or pull out for li...
by MrBeaver
Thu Jul 12, 2018 9:31 pm
Forum: Personal Investments
Topic: New to HSA with Fidelity
Replies: 14
Views: 1775

Re: New to HSA with Fidelity

Just got an HSA with employer that I just started my job from. I plan on investing the max @ $3450. Congrats, and welcome to HSAs! I also have a FSA which I'm going to put $500 into to cover medical expenses for the year and $500 maximum will roll over each year after. I’m pretty sure that particip...
by MrBeaver
Thu Jul 12, 2018 8:51 pm
Forum: Personal Investments
Topic: 401k/Roth 401K split
Replies: 13
Views: 1412

Re: 401k/Roth 401K split

I am thinking about splitting to 18% into 9% into pre-tax 401k to get the full match from my company FYI, most (but check your plan documents) employers who match and offer a Roth 401k also match Roth dollars, though the match dollars are still pre-tax — the employer wants to get their deduction af...
by MrBeaver
Wed Jul 11, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Retired, age 60 - Tax Plan. Please suggest improvements.
Replies: 30
Views: 3612

Re: Retired, age 60 - Tax Plan. Please suggest improvements.

I struggle with the balancing of taking cap gains at 0% and conversions to Roth at 12% bracket. Thanks. Dude, Maybe your question wasn't to me, but it applies to my sister, who I'm helping with financial planning. Here's how I'm thinking about this question and am looking for confirmation to my app...
by MrBeaver
Wed Jul 11, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Retired, age 60 - Tax Plan. Please suggest improvements.
Replies: 30
Views: 3612

Re: Retired, age 60 - Tax Plan. Please suggest improvements.

I have a pension of 35K; my wife has no pension. We have been retired for 3 years now and can live very comfortably, even somewhat extravagantly, on 130K per year. ... The plan is to take my wife's social security at 62 and mine at age 70. Her SS will be $22K; mine will be $40K. Your plan seems fin...
by MrBeaver
Fri Jul 06, 2018 12:02 am
Forum: Personal Consumer Issues
Topic: What to add to the baby registry?
Replies: 20
Views: 1659

Re: What to add to the baby registry?

As a relatively new dad of twins, I’ll say the majority of things are personal preference, overpriced, or downright silly. With that said, these are the things you really should get, period. And they are all under $50. soft silicone pocket bib – the kind you can roll up and stuff anywhere. It will b...
by MrBeaver
Wed Jul 04, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Gut check: Insurance options
Replies: 4
Views: 889

Gut check: Insurance options

Mulling what to do with insurance (Life / Home / Auto) Situation: Me 37 / wife 40. Twin kiddos, 1.5 years old now. LCOL area. E-fund: 1-year Retirement + HSA assets: 500k Annual savings: 40k retirement/HSA + 4k earmarked for college Annual spend: 40k, includes giving and 'saving' for future known la...
by MrBeaver
Tue Jun 26, 2018 5:17 pm
Forum: Personal Investments
Topic: Investing $1000 into VTSMX ETFs - Good Idea?
Replies: 21
Views: 1497

Re: Investing $1000 into VTSMX ETFs - Good Idea?

With all due respect to the former commenters, I'm guessing by your student status and having only $1000 available, that your income is below the zero percent (long term) capital gains tax limit ($38,700 taxable income for a single filer in 2018). As a result, planning to buy an ETF and later sell t...
by MrBeaver
Sat Jun 23, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: Avoiding Capital Gains Tax
Replies: 16
Views: 2332

Re: Avoiding Capital Gains Tax

[quote=jeffyscott post_id=3986261 time=<a href="tel:1529758951">1529758951</a> user_id=434] Now what if your LTCG is $7400, you still are in the 12% bracket but have exceeded the 0% LTCG bracket, I assume this would mean just the extra $200 is subject to 15% tax, so $30. Or does the whole $7400 bec...
by MrBeaver
Wed Jun 13, 2018 10:00 am
Forum: Personal Investments
Topic: Taxable Investment Account
Replies: 4
Views: 537

Re: Taxable Investment Account

This may help: https://www.bogleheads.org/forum/viewtopic.php?t=249628 We live in a community property state, and used to have an account setup as JTWROS. After reading this and other research, we switched it to CPWROS to ensure 100% basis step-up instead of 50%. Doing so through Vanguard required f...
by MrBeaver
Mon Jun 04, 2018 2:45 pm
Forum: Personal Investments
Topic: HSA as retirement vehicle
Replies: 33
Views: 3946

Re: HSA as retirement vehicle

So I guess the thinking here is that you could end up without enough medical costs over your lifetime to liquidate that HSA account? I'm in good health, but that still seems unlikely to me. It's all in the timing. I was lucky to start maxing my HSA starting the first year HSAs were offered (2004), ...
by MrBeaver
Mon Jun 04, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 46
Views: 13676

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

I used to have my Vanguard account connected to a company who used Finicity's aggregator. Vanguard suddenly stopped my online account access. When calling them, their fraud department finally got back to me several days later and claimed they had shut down my access due to 'suspicious activity' they...
by MrBeaver
Wed May 23, 2018 11:49 pm
Forum: Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 4036

Re: Parents with pre-K kids and 529 target

We have two 1 year olds. Our goals: Cashflow enough from income/taxable to capture all likely tax credits, likely somewhere between $2500-10k per year. (taxable act with -tax drag and +tax credit at end is better than no tax drag and no credit) Cover 25-50% of expected room/board/tuition with 529/ES...
by MrBeaver
Tue May 22, 2018 8:24 am
Forum: Investing - Theory, News & General
Topic: Ideal time/balance to start HSA drawdown?
Replies: 6
Views: 885

Re: Ideal time/balance to start HSA drawdown?

After-tax proceeds from HSA withdrawals might be less than after-tax proceeds from withdrawing earlier tax-free for medical expenses and putting into a taxable account. So what you're describing is simply to take advantage of only two of the HSA's tax-advantages: tax-deferred contributions and tax-...
by MrBeaver
Mon May 21, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Ideal time/balance to start HSA drawdown?
Replies: 6
Views: 885

Ideal time/balance to start HSA drawdown?

Is there a point under a curve (HSA balance by age) where one should cease to pay out of pocket for medical expenses and save receipts, and instead pay out of their HSA while investing the cash which would have paid for those medical expenses in a taxable account in order to maximize return? Where s...
by MrBeaver
Mon May 21, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Dividend / no dividend index funds?
Replies: 32
Views: 6354

Re: Dividend / no dividend index funds?

I'm not sure if we are in disagreement or not, but thought I'd take one more run at it. I may well be the one using terminology that isn't right & look to be corrected as that occurs. Likewise. I'm wondering if we need someone with better communication skills and understanding than me to come clear...
by MrBeaver
Mon May 21, 2018 10:49 am
Forum: Investing - Theory, News & General
Topic: Dividend / no dividend index funds?
Replies: 32
Views: 6354

Re: Dividend / no dividend index funds?

I think that since qualified dividends are taxed on assets purchased with money that was already taxed , it’s not accurate to say you’re “converting” qualified dividends to taxable income by holding in tax-deferred, but rather that you are converting earnings taxed as ordinary income plus long-term...
by MrBeaver
Sun May 20, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: Dividend / no dividend index funds?
Replies: 32
Views: 6354

Re: Dividend / no dividend index funds?

You really have to think about where to hold dividend equities (or whether to hold them at all). Holding dividend funds in tax deferred space can be a terrible idea because you have now successfully converted qualified dividends to fully taxable income and will pay more taxes than if you held them ...