Search found 1078 matches

by HomeStretch
Tue Aug 13, 2019 12:51 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 13939

Re: Another Day With Vanguard.Com Down

Multiple threads started today about this which have been merged into this ongoing thread:
viewtopic.php?f=10&t=288016

According to one poster, Vanguard acknowledged the issue on social media and said they are working on resolving it.
by HomeStretch
Tue Aug 13, 2019 12:47 pm
Forum: Personal Consumer Issues
Topic: Is this 25% savings?
Replies: 67
Views: 4869

Re: Is this 25% savings?

The $160 early fee is a 20% discount from the $200 full fee. Said another way, the $200 full fee is 25% more than the $160 early fee. If showing a higher % on the registration form is important, just adjust the wording of the form to say something like either “receive a 20% discount for registering ...
by HomeStretch
Tue Aug 13, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Credit Cards Rewards Strategies - AmEx vs AmEx
Replies: 7
Views: 1015

Re: Credit Cards Rewards Strategies - AmEx vs AmEx

There is a long ongoing BH thread on this topic that might be helpful: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=192008&hilit=Credit+card+strategy The site doctorofcredit.com also has credit card recommendations. The right card for you depends on your spending pattern and goals (i.e., max...
by HomeStretch
Tue Aug 13, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Follow your head or your heart
Replies: 30
Views: 2269

Re: Follow your head or your heart

The reason I'm considering a move is because I am obsessed about spending down and therefore living so frugally it's not fun. I want to be more generous and able to go out to dinner without a coupon. I think that's a big piece of the puzzle. I just listed all that I would need to do to move into th...
by HomeStretch
Tue Aug 13, 2019 10:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard website fail at the propitious moment
Replies: 41
Views: 4343

Re: Vanguard website fail at the propitious moment

Yes, similar reports in two other threads.
by HomeStretch
Tue Aug 13, 2019 10:17 am
Forum: Personal Consumer Issues
Topic: Condo pool requires having an attendent on duty
Replies: 25
Views: 2972

Re: Condo pool requires having an attendent on duty

At my parents’ condo, the pool is closed from 8pm to 8am for several reasons according to the Board - liability concerns, noise concerns raised by units nearer to the pool, and people leaving trash around the pool area. It will be helpful if you advocate for change to understand if there are residen...
by HomeStretch
Tue Aug 13, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Which Brokerage for solo 401k (to roll IRA into) pre Backdoor Roth
Replies: 62
Views: 1795

Re: Which Brokerage for solo 401k (to roll IRA into) pre Backdoor Roth

One last question to confirm what I've already been told about the backdoor roth: If I max out my Solo401k this year with a $62k contribution (because I'm over 50), I can still contribute $7k in non-deductible contributions to a traditional IRA. And that isn't breaking some ceiling/limit as to how ...
by HomeStretch
Tue Aug 13, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Doing your own taxes with a taxable account.
Replies: 9
Views: 1132

Re: Doing your own taxes with a taxable account.

It’s not hard and the TurboTax import feature is helpful. You might need to fill out an extra tax form or make Federal or state adjustments to the amounts reported on the Form 1099s such as: 1. Wash sales not reported on 1099 2. Holding period not met on qualified dividends 3. Tax credit or deductio...
by HomeStretch
Tue Aug 13, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum payment question
Replies: 5
Views: 346

Re: Lump sum payment question

The potential savings from eliminating PMI of $155/mo is larger than eliminating the monthly interest on a $10k student loan at 6.75%. But it sounds like the $7k isn’t enough to have the PMI removed. You need to figure out the savings from each to decide - if/when you’ll get to 20% equity and can ha...
by HomeStretch
Tue Aug 13, 2019 6:43 am
Forum: Personal Investments
Topic: Portfolio Review - New to Forum
Replies: 7
Views: 683

Re: Portfolio Review - New to Forum

All my contributions to my tIRA were after-tax and nondeductible, and the balance of the investments is currently ~8k less than the cumulative contribution amount. What is the best way to approach converting the rollover account to Roth? Would you convert ~8k of the rollover pre-tax money to the tI...
by HomeStretch
Mon Aug 12, 2019 11:23 pm
Forum: Personal Investments
Topic: Portfolio Review - New to Forum
Replies: 7
Views: 683

Re: Portfolio Review - New to Forum

make_a_better_world wrote:
Mon Aug 12, 2019 11:03 pm
I do not know what you and the first replier mean by your basis is higher than the balance inside the traditional-IRA.
tIRA basis = nondeductible contributions to the tIRA.

tIRA basis > current account balance of tIRA
by HomeStretch
Mon Aug 12, 2019 10:54 pm
Forum: Personal Investments
Topic: Portfolio Review - New to Forum
Replies: 7
Views: 683

Re: Portfolio Review - New to Forum

Current Plan Even though 401k options are not great (only 3 low expense Vanguard Funds) planning to roll-in rollover IRA from past 401ks so can set up backdoor Roth. Second step would be to convert tIRA to Roth IRA. My basis for contributions there is more than the current balance, so there shouldn...
by HomeStretch
Mon Aug 12, 2019 2:13 pm
Forum: Personal Investments
Topic: Critique My 120k Per Year Plan
Replies: 29
Views: 3671

Re: Critique My 120k Per Year Plan

We spend about 100k per year, mostly on discretionary things like travel. I am budgeting $120k per year to cover any additional things like healthcare and less frequent big ticket items. Does the $120k cover income taxes for all age-scenarios? Does “less frequent big ticket items” include new cars ...
by HomeStretch
Mon Aug 12, 2019 12:40 pm
Forum: Personal Investments
Topic: Critique My 120k Per Year Plan
Replies: 29
Views: 3671

Re: Critique My 120k Per Year Plan

We spend about 100k per year, mostly on discretionary things like travel. I am budgeting $120k per year to cover any additional things like healthcare and less frequent big ticket items. Does the $120k cover income taxes for all age-scenarios? Does “less frequent big ticket items” include new cars ...
by HomeStretch
Mon Aug 12, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Trust 403(b) beneficiary question
Replies: 8
Views: 355

Re: Trust 403(b) beneficiary question

Discuss what’s best for you with your attorney.

In our non-community property state, the primary beneficiaries on our retirement accounts are individuals and the contingent beneficiaries are our trusts (my accounts/my trust, spouse’s accounts/spouse's trust).
by HomeStretch
Mon Aug 12, 2019 11:59 am
Forum: Personal Investments
Topic: does my dad need bonds as part of drawdown allocation?
Replies: 8
Views: 432

Re: does my dad need bonds as part of drawdown allocation?

Is your father’s retirement income (pension, SS) at age 70 indexed for inflation and does it fully covers his living expenses (including everything - taxes, healthcare, lumpy expenses like a new roof)? If yes, then your father has a reasonable rationale for putting 3 years of living expenses in a mo...
by HomeStretch
Mon Aug 12, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Which Brokerage for solo 401k (to roll IRA into) pre Backdoor Roth
Replies: 62
Views: 1795

Re: Which Brokerage for solo 401k (to roll IRA into) pre Backdoor Roth

I did not find the IRS and other guidance clear when I set up my two-person LLC (which is a partnership for tax reporting purposes) and my Solo 401k. In my case, I had to obtain an EIN for the partnership to file Federal tax returns and I used the same EIN for my Solo 401k plan documents with Fideli...
by HomeStretch
Mon Aug 12, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Received a $17,000 medical bill! Can we negotiate?
Replies: 91
Views: 9627

Re: Received a $17,000 medical bill! Can we negotiate?

OP - any update? Did you check for an “Explanation of Benefits” (EOB) online since you posted to see how the EOB patient payment amount compares to the amount billed by the provider? Hopefully, the provider bill was sent to you before the EOB was processed and the bill just needs to be adjusted.
by HomeStretch
Mon Aug 12, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Is "My Social Security" online worth signing up for
Replies: 31
Views: 2705

Re: Is "My Social Security" online worth signing up for

Setting up “my social security” online makes sense to me as a fraud deterrent. For example, to prevent someone from setting up a fraudulent account in my name and changing my SS direct deposit instructions online.
by HomeStretch
Mon Aug 12, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Should we move
Replies: 45
Views: 3826

Re: Should we move

Thanks for all the great points to consider. I know in the end it’s wants versus needs. The total livable square footage is 2200 with basement. There is a family room in basement with a office which we use as a spare bedroom. Can’t technically call it a bedroom unless I install a egress window. Two...
by HomeStretch
Mon Aug 12, 2019 10:28 am
Forum: Personal Investments
Topic: Portfolio Allocation for New Investor
Replies: 4
Views: 235

Re: Portfolio Allocation for New Investor

What are the expense ratios (ER) for the funds you selected? Are there any other low ER funds available? Please list. Your May 2019 post said you have an IRA. It would help if you listed all your investments in the “Asking Portfolio Questions” format (link below) so we can look at your portfolio as ...
by HomeStretch
Mon Aug 12, 2019 10:16 am
Forum: Personal Investments
Topic: Any reason not to max out three plans?
Replies: 46
Views: 3012

Re: Any reason not to max out three plans?

What retiredjg said . We will be tax torpedoed in a few years, but can somewhat blame the unavailability of Roth during our careers. The tax deferral looks appealing until you figure out how large your RMDs will be by the time you turn 70.5. +1. Make some of your annual retirement contributions to ...
by HomeStretch
Mon Aug 12, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Follow your head or your heart
Replies: 30
Views: 2269

Re: Follow your head or your heart

It can make sense to rent, it can make sense to buy. I think in your case it’s more of a personal decision.

You had a similar post 2-1/2 years ago where you decided to move from your rental and buy a senior co-op. What changed your mind about buying? Do you feel differently now?
by HomeStretch
Mon Aug 12, 2019 7:37 am
Forum: Personal Investments
Topic: Accts from other organisations: Yodlee
Replies: 7
Views: 379

Re: Accts from other organisations: Yodlee

I keep them separate. At the beginning of the month I log onto each account and manually update my Excel spreadsheet consolidating them all. I have no need to do it more frequently than that. +1 due to concerns over possible security issues and violating bank/brokerage terms of service. Updating a ...
by HomeStretch
Mon Aug 12, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?
Replies: 168
Views: 9728

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

If you decide to go the debit card only route, consider tying it to a low balance checking account without overdraft protection to limit potential fraud losses. Couple friends had their debit cards compromised and bank account drained. It took their banks 3 to 4 weeks to replace the funds.
by HomeStretch
Sun Aug 11, 2019 10:55 pm
Forum: Personal Investments
Topic: reverse/rollback contributions to 401K possible?
Replies: 7
Views: 483

Re: reverse/rollback contributions to 401K possible?

She got her first pay check last week and we noticed that they automatically contribute 3% of salary into her 401K account(managed by Schwab). Please clarify. Are you saying that the employer is withholding 3% from your wife’s pay check as an employEE 401k contribution (perhaps under an automatic 4...
by HomeStretch
Sun Aug 11, 2019 10:23 pm
Forum: Personal Investments
Topic: Portfolio Qs from Overly-Conservative Saver
Replies: 20
Views: 1619

Re: Portfolio Qs from Overly-Conservative Saver

Excess cash - 1. Payoff car loan and pay cash for cars going forward. One question - is your recommendation to pay off the car simply on principle? I get that it's a loan backed by an asset that will only depreciate; could potentially get totaled; etc. But the rate is really so low - am I not bette...
by HomeStretch
Sun Aug 11, 2019 10:15 pm
Forum: Personal Investments
Topic: Portfolio Qs from Overly-Conservative Saver
Replies: 20
Views: 1619

Re: Portfolio Qs from Overly-Conservative Saver

Anyway, what do we need to do about this? Should he first roll his Traditional IRA into his 401k, and THEN I can begin the backdoor-Roth procedure using a new Traditional IRA? If it matters, he thinks he's had that Traditional IRA for about fifteen years, and he may have funded it back when he woul...
by HomeStretch
Sun Aug 11, 2019 5:50 pm
Forum: Personal Investments
Topic: Transitioning from advisor selected funds to Vanguard funds in Taxable
Replies: 15
Views: 810

Re: Transitioning from advisor selected funds to Vanguard funds in Taxable

Sounds like a good plan to clean up her Taxable account. One suggestion on your accounts. You are in the 24% federal bracket. If you are approaching the income limit for direct Roth IRA contributions and are not currently contributing to the SEP-IRA, you could roll the SEP-IRA into your 401k plan if...
by HomeStretch
Sun Aug 11, 2019 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Pensions bought by Metlife
Replies: 4
Views: 461

Re: Pensions bought by Metlife

I googled this. It looks like the announcement was made in May 2018. Pension payments to affected retirement plan participants is supposed to remain unchanged under an annuity arrangement funded by FedEx and administered by MetLife. The news release says affected participants would be notified. Look...
by HomeStretch
Sun Aug 11, 2019 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 26 - Employer Healthcare Options
Replies: 11
Views: 485

Re: Turning 26 - Employer Healthcare Options

+1 on the Anthem HSA/HDP plan if your primary doctor is in-network.
by HomeStretch
Sun Aug 11, 2019 4:18 pm
Forum: Investing - Theory, News & General
Topic: Do tax efficiency recommendations change for high taxable accounts?
Replies: 11
Views: 707

Re: Do tax efficiency recommendations change for high taxable accounts?

I held VTMFX Vanguard’s Tax Managed Fund in my Taxable account. I like the fund but I eventually sold it to reposition for retirement as I wanted the flexibility of being able to just sell equity or to just sell bonds if necessary when retired. I also realized that while a federal and/or state tax e...
by HomeStretch
Sun Aug 11, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 26 - Employer Healthcare Options
Replies: 11
Views: 485

Re: Turning 26 - Employer Healthcare Options

Usually. Other comments/questions: 1. If you travel outside of CA, you should check into what medical benefits you receive under the Kaiser and Anthem HMO CA plans in the event you had an emergency hospitalization or urgent care visit while traveling. 2. If you select the Anthem HSA/HDP plan, does y...
by HomeStretch
Sun Aug 11, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 26 - Employer Healthcare Options
Replies: 11
Views: 485

Re: Turning 26 - Employer Healthcare Options

Do you want to remain with your current primary doctor and dentist? If so, I would check each proposed insurance plan to see if your providers are “in network” (there is usually an online tool to lookup providers). Since the online provider directories can sometimes be out of date, I would also call...
by HomeStretch
Sun Aug 11, 2019 3:34 pm
Forum: Personal Investments
Topic: Asset Allocation Help Across Accounts
Replies: 3
Views: 393

Re: Asset Allocation Help Across Accounts

A 90-10 asset allocation (AA) for your investments seems overly aggressive at age 38 HOH with so much of your net worth tied up in rental properties with mortgages. Consider scaling back to 80-20 and increasing savings to start saving in a Taxable account as another source of available funds (in add...
by HomeStretch
Sun Aug 11, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: As a trustee, can I "settle" the financial portion of a trust on my own?
Replies: 21
Views: 1617

Re: As a trustee, can I "settle" the financial portion of a trust on my own?

As trustee, I wouldn’t want to handle the returns myself unless I was experienced in doing them. The trust should pay for reasonable legal and accounting/tax fees. An estate attorney should be able to give you recommendations for several tax accountants/firms. I would interview a couple and request ...
by HomeStretch
Sun Aug 11, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?
Replies: 168
Views: 9728

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

Credit cards have better consumer protections than debit cards. It might be good to keep one credit card for internet purchases, auto pay of utilities etc., and other purchases (like paying a contractor) where you might want the protection and/or convenience of a credit card.
by HomeStretch
Sun Aug 11, 2019 2:17 pm
Forum: Personal Investments
Topic: Portfolio Review Entering Retirement
Replies: 12
Views: 1351

Re: Portfolio Review Entering Retirement

Is everything in Taxable (aside from the I-bonds) in one Taxable brokerage account or in more than one account? I was just suggesting if you have more than one taxable account (aside from I-bonds) to consider consolidating into one account for simplicity. Thanks for clarification. No, they are not ...
by HomeStretch
Sun Aug 11, 2019 2:01 pm
Forum: Personal Investments
Topic: Portfolio Review Entering Retirement
Replies: 12
Views: 1351

Re: Portfolio Review Entering Retirement

Taxable accounts- - It isn’t clear how many Taxable accounts you have (aside from i bonds). Is further simplification by consolidating accounts possible/desirable? Thanks for your reply, and sorry if I wasn't clear. I just inserted spaces to make it easier to see some subgroups. Everything under th...
by HomeStretch
Sun Aug 11, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: How should my Spouse and I handle a $300,000 Settlement?
Replies: 119
Views: 6850

Re: How should my Spouse and I handle a $300,000 Settlement?

Sorry if I missed this but to echo another post, is the settlement taxable? If so, what is the net amount after taxes?
by HomeStretch
Sun Aug 11, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Which Brokerage for solo 401k (to roll IRA into) pre Backdoor Roth
Replies: 62
Views: 1795

Re: Which Brokerage for solo 401k (to roll IRA into) pre Backdoor Roth

I wouldn’t be concerned about the account balance exceeding $250k requiring a Form 5500 unless you know you won’t make time to file a Form 5500 timely. Filing a Form 5500-EZ (paper) or Form 550-SE (electronic) is not hard after the year 1 learning curve. Vanguard and Fidelity have some helpful info ...
by HomeStretch
Sun Aug 11, 2019 12:17 pm
Forum: Personal Investments
Topic: Portfolio Review Entering Retirement
Replies: 12
Views: 1351

Re: Portfolio Review Entering Retirement

Taxable accounts- - It isn’t clear how many Taxable accounts you have (aside from i bonds). Is further simplification by consolidating accounts possible/desirable? - If you want to move towards a simpler/3-fund portfolio, VTSAX and VTIAX fit that strategy. Turn off dividend reinvestment in all other...
by HomeStretch
Sun Aug 11, 2019 11:23 am
Forum: Personal Investments
Topic: We should not buy a condo in the Boston area, right?
Replies: 9
Views: 1192

Re: We should not buy a condo in the Boston area, right?

My suggestion would be not to invest in HCOL real estate if the plan is to leave the country in 3-4 years possibly sooner due to spouse’s work visa issues. The real estate market could be down when you leave making selling difficult or hard to recover your cost. Being a long-distance landlord sounds...
by HomeStretch
Sun Aug 11, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: How should my Spouse and I handle a $300,000 Settlement?
Replies: 119
Views: 6850

Re: How should my Spouse and I handle a $300,000 Settlement?

What does your spouse (who received the settlement) want to do with the proceeds? Settlements can be accompanied by non-disclosure agreements. If that’s the case here, I wouldn’t post details even anonymously in a public forum. Your 1st paragraph could be edited to say “spouse received a $300k settl...
by HomeStretch
Sun Aug 11, 2019 10:54 am
Forum: Personal Consumer Issues
Topic: Insurance situation do we have any reasonable options?
Replies: 22
Views: 1632

Re: Insurance situation do we have any reasonable options?

This is a convoluted situation. If I were the person named on the legal title at the time of accident, I would probably talk to an attorney. I would want to protect myself as best as possible in the event of any property or liability claims from the other party (even if they admitted fault or were t...
by HomeStretch
Sun Aug 11, 2019 10:37 am
Forum: Personal Investments
Topic: Worth it to open specialized Solo 401k with Megabackdoor Roth option for only 1 year?
Replies: 4
Views: 168

Re: Worth it to open specialized Solo 401k with Megabackdoor Roth option for only 1 year?

If the TPA waits to file the Form 5500 until nearer the filing deadline, it might require you to pay the annual fee for a second year. You might want to ask about the timing and impact on fees if paying annual fees for two years (rather than one) changes your decision.
by HomeStretch
Sun Aug 11, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3997
Views: 740476

Re: What's Your Credit Card Rewards Strategy?

I happened to notice that Amex has an upgrade offer for me to switch to the Blue Cash Preferred. The offer is a $250 statement credit after $1000 in spend. I'm not sure it's worth bothering, since that's only $155 after the annual fee. I'd probably want to downgrade at the end of the first year, an...
by HomeStretch
Sun Aug 11, 2019 10:13 am
Forum: Personal Investments
Topic: Worth it to open specialized Solo 401k with Megabackdoor Roth option for only 1 year?
Replies: 4
Views: 168

Re: Worth it to open specialized Solo 401k with Megabackdoor Roth option for only 1 year?

+1.

Are there additional TPA fees for processing the closing (termination) of the plan? The termination would involve transferring the Solo 401k account balance to an IRA/employer 401k and *I think* filing a Form 5500 for a terminated plan regardless of plan asset level.
by HomeStretch
Sun Aug 11, 2019 10:05 am
Forum: Investing - Theory, News & General
Topic: Do tax efficiency recommendations change for high taxable accounts?
Replies: 11
Views: 707

Re: Do tax efficiency recommendations change for high taxable accounts?

As you run though your personal tax efficiency calculations, you also have to factor in 3.8% NIIT which wouldn’t apply to tax exempt income. If you have fluctuating income, it’s hard in a Taxable account to change from total stock market fund/ETFs to tax managed funds/ETFs. So pick the holdings that...
by HomeStretch
Sun Aug 11, 2019 9:49 am
Forum: Personal Investments
Topic: Its it time to light the FIRE -
Replies: 34
Views: 4652

Re: Its it time to light the FIRE -

I think you need to be certain about the $50k SS and $50k living expenses estimates before considering retirement. How did you estimate SS at FRA for you and spouse at $50k per year in today’s dollars? Just checking to make sure your estimate isn’t from the SSA estimate which assumes you continue wo...