Search found 227 matches

by McDougal
Mon Jan 13, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Family member with almost no retirement savings or assets, what to do?
Replies: 55
Views: 7567

Re: Family member with almost no retirement savings or assets, what to do?

You mention he worked his whole life, made good money, and ex-wife family had everything in their name so got it all. Any chance to revisit their divorce settlement agreement? Or did the medical bills take most of that out? Might be worth looking at that.
by McDougal
Sat Jan 11, 2020 8:04 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1279
Views: 76080

Re: What are you listening to now

Right now, Bossa Nova channel on Amazon music
by McDougal
Thu Jan 09, 2020 6:43 am
Forum: Investing - Theory, News & General
Topic: In my opinion, Best Overall Retirement Article
Replies: 95
Views: 11301

Re: In my opinion, Best Overall Retirement Article

You can't make blanket statements like that. The job I have right now is exactly what I would do as a hobby if I didn't have to work for money. Most of my close relatives have jobs that they honestly love. I have a relative who works or a charity and feels that she is making the world a better plac...
by McDougal
Tue Dec 31, 2019 2:08 pm
Forum: Personal Investments
Topic: Vanguard website down: another example of the lack of good tech at Vanguard
Replies: 93
Views: 5957

Re: Vanguard website down: another example of the lack of good tech at Vanguard

Can't get in either, here is the message I get. I get it that companies need to maintain their sites and have "down time" but don't most of them do this overnight when traffic is lowest? Personal Investors Vanguard Our website is undergoing maintenance We appreciate your patience while our...
by McDougal
Mon Dec 30, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: EFC of 59K?! That is more than my net pay
Replies: 227
Views: 13052

Re: EFC of 59K?! That is more than my net pay

There is a concept of kids getting a job and paying for college themselves. Amazing that is not being considered here. Contrary to popular thought no one is entitled to have college funded by parents. -TheDDC They can be if the parents get divorced. (My lawyer was not very good. Water under the bri...
by McDougal
Tue Dec 24, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Updating Wills and Trust
Replies: 18
Views: 2082

Re: Updating Wills and Trust

FBN2014 wrote: Tue Dec 24, 2019 9:42 am Tax law pertaining to estates has changed from 15 years ago. I would definitely have a qualified estate planning attorney review.
Heck, it's changed from Friday!
by McDougal
Tue Dec 24, 2019 9:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 12236
Views: 944876

Re: U.S. stocks continue to soar!

I wouldn't be quick to assume next year will be another 10%+ gain. We were up 17% in 2017 and dropped in 2018. However, with improving China trade, Brexit clarity, no rate hikes and the like, 2020 is looking good. Who knows if that will change. Don't forget there is that election thingy in the US i...
by McDougal
Mon Dec 23, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: reliable thermometer? (for human, not oven, etc.)
Replies: 41
Views: 2662

Re: reliable thermometer? (for human, not oven, etc.)

Are you looking for an oral or anal thermometer? They have a different taste. If you want precision, maybe consider a temperature sensing foley catheter (https://www.crbard.com/Medical/en-US/Pr ... Foley-Cath) or a liver probe (https://www.arrowheadforensics.com/prod ... meter.html) :beer :beer Loo...
by McDougal
Sat Dec 14, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefits?
Replies: 83
Views: 13793

Re: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefi

fidelity card. all day every day. also use the amazon card for amazon and whole foods purchases. 5% back. no fees on either. the ultimate 1-2 punch. This is what I do also. My only complaint is that I tend to have more issues with card readers with my Fidelity cards than any other cards I have had....
by McDougal
Thu Dec 12, 2019 6:24 am
Forum: Personal Finance (Not Investing)
Topic: SO leaving work, insurance options?
Replies: 20
Views: 1529

Re: SO leaving work, insurance options?

My fiancee and I are moving cross-country in January.... One thing to watch out for with COBRA is that her companies health plan may not have any in-network doctors. Since the OP is staying with the same company, and moving, unlikely that the medical plan won't have in network doctors. I think the ...
by McDougal
Sat Nov 30, 2019 5:11 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 225
Views: 14954

Re: Tax Deferred : Taxable : Tax Free

I was embarrassed to post my numbers until I saw Willthrill's and Woodspinner's numbers. I am age 64, MFJ, 1-2 years from retiring (thanks you two!)

99+% : <1% : 0%
by McDougal
Fri Nov 22, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Selling Car to a Dealer
Replies: 27
Views: 3142

Re: Selling Car to a Dealer

I'd take the Ford offer (in writing) to Carmax and see if they'd match it.
by McDougal
Tue Nov 19, 2019 8:23 am
Forum: Investing - Theory, News & General
Topic: market went down in 2018, so why do people forget that
Replies: 48
Views: 5450

Re: market went down in 2018, so why do people forget that

I don’t think you can lump all people together as a group here. It depends on where you’re at on your investing journey. I am at the end of accumulating so I don’t really look at how the market is doing, I just keep on accumulating. Of course I was aware of the 2018 performance because everyone was ...
by McDougal
Thu Nov 07, 2019 6:55 am
Forum: Personal Consumer Issues
Topic: "Beer Money" Methods
Replies: 54
Views: 7848

Re: "Beer Money" Methods

RickBoglehead wrote: Thu Nov 07, 2019 5:14 am
Thesaints wrote: Thu Nov 07, 2019 2:16 am 30 searches x 360 days = 10,800 in a year. They are paying you less than 1¢/search.
This ^^^

To use Bing just to do 30 searches, earning less than 30 cents a day, is crazy.
Not volunteering to do the math, but maybe $ per hour it's not too bad?
by McDougal
Thu Nov 07, 2019 6:46 am
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2866

Re: Question on refilling prescriptions

All my adult life I have had all my prescriptions at one pharmacy at a time. However we are going to a different health plan and I will need to shop each prescription for the best price. I am also going to have my doctor write the Rx for twice the dosage so I can cut pills. One med I take the cost ...
by McDougal
Sat Nov 02, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: Bonds are confusing
Replies: 24
Views: 3095

Re: Bonds are confusing

Thanks all, makes sense. Regarding bonds and AA, I had been 90/10 for more than 15 years, did nothing thru 2008-9. Early 2018 I went to VG personal advisor. He convinced me to gradually go to 60/40 then 50/50. It almost killed me to pull that trigger and lose potential equity gains, but you know wha...
by McDougal
Sat Nov 02, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: Bonds are confusing
Replies: 24
Views: 3095

Re: Bonds are confusing

z3r0c00l wrote: Sat Nov 02, 2019 8:58 am "when I peruse financial news outlets" I think that was the mistake right there : )
I know, I should know better!
by McDougal
Sat Nov 02, 2019 8:09 am
Forum: Investing - Theory, News & General
Topic: Bonds are confusing
Replies: 24
Views: 3095

Bonds are confusing

Hi. I am constantly amazed that as I get older I realize how much I still have to learn. Take bonds for example. I have always understood that one needs an asset allocation of equities/fixed income that meets one’s needs and risk tolerance. For me, at age 63 and a couple years away from retirement (...
by McDougal
Sun Oct 27, 2019 9:58 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2781

Re: Considering Roth conversions, but would you if you were in my shoes?

I made first contribution in 2017 and did not file 8606 with return for 17. Made another contribution in 2018, mentioned it to tax preparer and we filed 8606 this year for tax year 2018 which included all contributions. I know I will always have to file this form every year moving forward. No, you ...
by McDougal
Sun Oct 27, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA Contribution Deductible? Am I correct
Replies: 12
Views: 825

Re: Traditional IRA Contribution Deductible? Am I correct

Maybe it's a matter of terminology but I think of the problem as post-tax contributions not pre-tax. It's just money in a non-Roth IRA that you've already paid taxes on. And no, all your IRAs are treated as one on an 8606, no matter how many "separate" ones you open. I have that problem an...
by McDougal
Fri Oct 25, 2019 6:45 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2781

Re: Considering Roth conversions, but would you if you were in my shoes?

The title of your post implies you want to do Roth conversions. But the post seems to focus on doing something with the non-deductible contribution so it won't be a nuisance. Can you be more specific about what you are interested in doing? retiredjg, great question. I am definitely NOT trying to ge...
by McDougal
Fri Oct 25, 2019 6:36 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2781

Re: Considering Roth conversions, but would you if you were in my shoes?

Did OP file 8606’s with initial non deductible contributions? Perhaps not since OP mentioned 2018 was the first one. I made first contribution in 2017 and did not file 8606 with return for 17. Made another contribution in 2018, mentioned it to tax preparer and we filed 8606 this year for tax year 2...
by McDougal
Fri Oct 25, 2019 6:32 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2781

Re: Considering Roth conversions, but would you if you were in my shoes?

McDougal, if this is new to you, you may not realize that all your other IRA accounts (except Roth) are included in the calculation of tax (if any) when you do a "back door". Do you have anything else - rollover IRA? SIMPLE IRA? SEP IRA? Thanks for pointing this out. I have no other tax d...
by McDougal
Thu Oct 24, 2019 1:07 pm
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2781

Re: Considering Roth conversions, but would you if you were in my shoes?

Great feedback everyone. I really appreciate it and think I am starting to understand more and more. Thanks all!
by McDougal
Thu Oct 24, 2019 10:45 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2781

Re: Considering Roth conversions, but would you if you were in my shoes?

Are you eligible to make direct Roth IRA contributions now? If not, rolling the pretax IRA balance into your 401k allows you to (1) convert the tIRA basis to a Roth IRA, and (2) do annual backdoor Roths until retirement. Hi, no I am not eligible to make Roth IRA contributions as I exceed the income...
by McDougal
Thu Oct 24, 2019 7:15 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2781

Re: Considering Roth conversions, but would you if you were in my shoes?

Option 1 above is horrid since you will then be stuck filing Form 8606 every year until the TIRA is emptied. Since you are a candidate for doing Roth conversions until age 70 (when SS might start along with RMDs) and your tax rate could be higher then than now, I would first read the wiki on Backdo...
by McDougal
Thu Oct 24, 2019 7:08 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2781

Re: Considering Roth conversions, but would you if you were in my shoes?

How expensive is your 401k? Given the short time frame, I think it's a pretty good idea to go ahead and relatively painless to do the rollover if it will allow you to use backdoor Roth for the next couple of years. Thanks, I am happy with the 401K so far. I am 60% in Fidelity 500 Index Fund (FXAIX ...
by McDougal
Thu Oct 24, 2019 6:20 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2781

Considering Roth conversions, but would you if you were in my shoes?

I have a quick question regarding non-deductible contributions to a tIRA and Roth conversions. Before I was smarter than I am now I made some small ND deposits to my tIRA at VG. I have read the wiki and numerous posts here on Roth conversion and frankly, I am still confused. The IRA has about 900K, ...
by McDougal
Wed Oct 23, 2019 6:43 am
Forum: Personal Investments
Topic: Non Deductible IRA Contribution Question
Replies: 24
Views: 891

Re: Non Deductible IRA Contribution Question

Just to let op know that there is a $50 penalty for each year the 8606 wasn’t filed. The IRS will let it slide if they think the reason was acceptable. Maybe turbo tax didn’t do it will fly. https://www.irs.gov/businesses/small-businesses-self-employed/penalty-relief-due-to-reasonable-cause I have ...
by McDougal
Sun Oct 13, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: duckduckgo
Replies: 31
Views: 4450

Re: duckduckgo

So I took a look at what google is saving from my searches, and my hair stood on end. The mapping info is particularly unsettling. I might as well be wearing a tracking device. Do you carry a smartphone? If so, you are wearing a tracking device. No, one of the reasons I have a flip phone. I assume ...
by McDougal
Thu Oct 10, 2019 6:34 am
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 11116

Re: Do you carry your passport with you during international travel?

Just got back from Italy last week. Practice is to leave passport in hotel/lodging safe, but in Florence carried it as I knew I was going to purchase some jewelry and leather and retailers need passport to fill out the VAT refund form or whatever it's called. Worked fine, actually got the refunds ye...
by McDougal
Tue Oct 08, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 63
Views: 7730

Re: Tactics to pay off Mortgage Early??

Wonder how much you could have saved using 3/1 ARMs the whole way, or starting with a 3/1 ARM and never bother to refinance just stick with the adjustments. This is my ignorance here, but isn't an ARM absolutely the worst possible thing you could ever get? My impression of the adjustable rate mortg...
by McDougal
Tue Oct 08, 2019 6:27 am
Forum: Personal Finance (Not Investing)
Topic: How to find the best credit card promotion?
Replies: 47
Views: 4395

Re: How to find the best credit card promotion?

If the upcoming large purchase is large enough, you may want to see if you are able to split it between 2 new cards and get 2 sign up bonuses. How often can I add a new credit card with a new limit? Twice in the same month? Pretty sure you can apply for as many cards as you want. Even in the same d...
by McDougal
Tue Oct 08, 2019 6:02 am
Forum: Personal Investments
Topic: Employer switching to higher fee 401k admin. What would you do?
Replies: 47
Views: 4145

Re: Employer switching to higher fee 401k admin. What would you do?

The money in your employer 401k will automatically transfer over to the new 401k provider. You are not allowed to stay with the old provider or roll the money into your own IRA. It's only after you leave your current employer that you have the option of moving money from the 401k to your own IRA. C...
by McDougal
Tue Oct 08, 2019 5:55 am
Forum: Personal Consumer Issues
Topic: Social Security Card as Identification for Real ID
Replies: 78
Views: 7362

Re: Social Security Card as Identification for Real ID

Oh boy. I had never heard of Real ID (or maybe I just didn't pay attention). After reading this thread, the interwebs directed me to the link oldcomputerguy provided upthread. Saw that there are symbols on official Real ID documents. I took out my DL from Georgia and lo and behold, it is already com...
by McDougal
Tue Sep 24, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to find the best credit card promotion?
Replies: 47
Views: 4395

Re: How to find the best credit card promotion?

If the upcoming large purchase is large enough, you may want to see if you are able to split it between 2 new cards and get 2 sign up bonuses.
by McDougal
Fri Sep 13, 2019 7:13 am
Forum: Personal Consumer Issues
Topic: Hospital/Doctor Release Form
Replies: 27
Views: 2216

Re: Hospital/Doctor Release Form

I know I am pretty cynical by nature, but I am a bit surprised you actually read the document in the first place. For me it is a waste of time to read it, in situations like a doctor's office, cell phone, car rental, airline tix, etc., because I am going to sign it anyway, because the alternative is...
by McDougal
Fri Sep 13, 2019 6:02 am
Forum: Personal Consumer Issues
Topic: Atlanta area - relocation, questions
Replies: 7
Views: 775

Re: Atlanta area - relocation, questions

I moved into a TH in Vinings 4 years ago and love the area. It closely matches your list of wants (airport, proximity to midtown, etc), but prices have been rising steadily. May be a bit too far north for you depending on specific location of your relative, but you have to drive practically everywhe...
by McDougal
Tue Sep 10, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: Piano keyboard suggestion
Replies: 21
Views: 2139

Re: Piano keyboard suggestion

If you have a local music store I suggest you go in and take some “test drives”. Best way to know how they feel before you buy IMHO. Good luck!
by McDougal
Wed Aug 21, 2019 5:57 am
Forum: Personal Investments
Topic: How much does your employer 401k plan charge?
Replies: 43
Views: 3132

Re: How much does your employer 401k plan charge?

Dumb question. I guess I should call Fidelity, and I will, but are any administration or other fees beyond ER located on monthly/periodic statements?
by McDougal
Mon Aug 05, 2019 5:55 am
Forum: Forum Issues and Administration
Topic: What [do the abbreviations used here] mean...???
Replies: 20
Views: 4160

Re: What does it all mean...???

Can you give us some examples of abbreviations you can't figure out? DH, DW, DD, DS mean Dear Husband, Dear Wife, Dear Daughter, Dear Son The financial ones have logic but these ones are ridiculous. The wiki says these are "internet terms" but I must say I've never seen them used anywhere...
by McDougal
Thu Aug 01, 2019 8:39 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Complacency
Replies: 77
Views: 6920

Re: Boglehead Complacency

Don't just do something, stand there!
by McDougal
Wed Jul 24, 2019 9:54 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2052
Views: 252107

Re: Happiness

Congratulations! Fantastic milestone. :beer
by McDougal
Mon Jul 22, 2019 6:54 am
Forum: Personal Investments
Topic: Best approach for couple to take RE: investing/retirement planning?
Replies: 8
Views: 1055

Best approach for couple to take RE: investing/retirement planning?

Hi, how should a couple approach an investment plan generally? As a couple (one unit combining all assets) or individually (2 separate units)? In my case, we are MFJ, totally committed to each other (25 years) and are on the same page with asset allocation, future plans, etc. I am 5 years older than...
by McDougal
Sun Jun 30, 2019 7:53 pm
Forum: Personal Consumer Issues
Topic: Costco Free Screenings
Replies: 25
Views: 9156

Re: Costco Free Screenings

Did the Healthy Heart screening yesterday morning at the local Costco. Store was packed, as usual on a Saturday, but the screening line, near the pharmacy, was only one deep. Took maybe 10 mins total. I was fasting, so they did the full test. However, their machine only reads TC down to 100, mine w...
by McDougal
Sun Jun 09, 2019 7:51 am
Forum: Personal Consumer Issues
Topic: Preventing Identity Theft
Replies: 46
Views: 4767

Re: Preventing Identity Theft

Not sure if it's been mentioned, but ensure that your online accounts - especially the financial ones, but I would do all - have unique long hard to guess passwords. Key is unique and long, never use the same password for more than one account.
by McDougal
Fri May 31, 2019 6:26 am
Forum: Personal Investments
Topic: Vanguard moving clients from mutual funds to ETFs?
Replies: 34
Views: 4593

Re: Vanguard moving clients from mutual funds to ETFs?

Are you saying that VG PAS clients will be required to switch to ETFs by YE 2020? On one hand I’m surprised that they’d force a move like that but... there no doubt it’s a lower cost/effort model for them to maintain. Should be interesting to read the forum discussions on this if in fact there is n...
by McDougal
Sun May 26, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Will my checks work?
Replies: 27
Views: 2865

Re: Will my checks work?

What's a check?
:D
by McDougal
Thu May 23, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 5652

Re: I evaluated taking SS at age 62 versus age 70

I've have a question about survivor benefits. I'm 63, spouse 58. According to the SSA website, at FRA each of us has almost the same monthly benefit. Does this negate one of the reasons for me waiting till 70? Technically I am the higher earner, but not by much. No, it does not. In (almost) any mar...