Search found 5258 matches

by inbox788
Sat Jul 14, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: [Backdoor Roth IRA - Forbes: IRS Unlocks The 'Door' For High-Income Savers]
Replies: 7
Views: 1523

Re: Backdoor Roth IRA article

Yes, there is specific language about after-tax tIRA to Roth conversions in the 2017 TCJA. I'm looking for the quote by Donald Kieffer Jr., but haven't found any audio or transcript of the discussion. If anyone comes across it, please link it here. Also, this article has been mentioned, but I'm not...
by inbox788
Fri Jul 13, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help with No-Lapse Guarantee UL
Replies: 22
Views: 878

Re: Help with No-Lapse Guarantee UL

We have a Guaranteed Universal Life Policy (GUL) bought some 5 years ago. At age 100, we no longer have to pay any premiums, but the policy is still in effect. At age 120, the insurance company gives up and just pays us our death benefit 8-) Thanks! What will you do with that cash? That sounds good...
by inbox788
Fri Jul 13, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Help with No-Lapse Guarantee UL
Replies: 22
Views: 878

Re: Help with No-Lapse Guarantee UL

Hello, One of my good friend ... (Age 120) Your friend is 120 years old? Life insurance typically expires at age 100. See here: https://www.moneytips.com/outliving-your-life-insurance-policy Never heard of the "problem". With traditional WL (to age 100), what happens when the insured turns 100 (or ...
by inbox788
Fri Jul 13, 2018 6:11 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 6938

Re: Costco Membership

Using a Cash Card is not hack, it is in the printed terms of the Cash Card, which are visible on the back of the card. No need to spend $65 or more on a membership, regardless if you shop at Costco rarely or every week. However, you need to buy your first cash card online, or have an existing membe...
by inbox788
Fri Jul 13, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 3006

Re: Grandpa's 88 and has term life insurance

He certainly doesn't need it but it might be a good bet actuarially if he likes that sort of thing. At 88 he has a life expectancy of a little under 5 years aka social security table. https://www.ssa.gov/oact/STATS/table4c6.html From the actuarial tables, here is the probability of him surviving un...
by inbox788
Fri Jul 13, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Life insurance exit, review plan to start over please
Replies: 20
Views: 2245

Re: Life insurance exit, review plan to start over please

- NWM variable life, held since 2010, paid in 12,000 and will get 6000 cash. - NWM whole life, held since 2007, paid in 30,000, will get 19000 cash. (She will have to pay in 25 years before the cash value equals what she paid in. Agent helpfully wanted her to understand that the cash value grows by...
by inbox788
Thu Jul 12, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 6938

Re: Costco Membership

My son just lost/broke his 4th pair of glasses this year. (Other has lost one pair this year, but he shattered his phone, so he's not much better.) I did a search on glasses here and Costco came up. I can't buy in bulk because I don't have enough storage (refrigerated or otherwise). I don't have a ...
by inbox788
Thu Jul 12, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7991

Re: Whole Life - We're doing it. What to look for?

In reading this thread it feels like the Whole Life policy is part of the "what helps me sleep at night" answer that is different each of us. If that is correct, then do it. Death in the immediate family is hard. Always. And a tough health diagnosis for a loved one is too. Always. Do what helps. So...
by inbox788
Thu Jul 12, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 3006

Re: Grandpa's 88 and has term life insurance

My grandpa is 88 and has a $100k life insurance policy that he pays $900 a month for. When did he purchase this policy? Why? What was his goal? Who is the beneficiary? Some folks purchase life insurance to "even out" the beneficiaries of a will. Knowing what the thinking was behind the purchase may...
by inbox788
Thu Jul 12, 2018 1:57 am
Forum: Personal Consumer Issues
Topic: Living above means until March 1st
Replies: 16
Views: 2159

Re: Living above means until March 1st

What does it look like March 1 thru Dec 31?
Q-Q and Y-Y?
It doesn't sound like a huge deficit and it's a fixed period, so you be able to survive the situation without much scarring.
by inbox788
Wed Jul 11, 2018 4:56 pm
Forum: Personal Consumer Issues
Topic: Whole Foods -- any drop in prices after Amazon takeover ?
Replies: 31
Views: 3888

Re: Whole Foods -- any drop in prices after Amazon takeover ?

Personally i'm happy when i see the following (from various WF stores): -really good pannetones -ramen bowls made on-site -fresh coffee roasted on-site (alluded above). this really makes me happy -Peruvian chicken -Gelato made on-site -Cakeball and stroopwafel made on-site I don't shop at WF (neare...
by inbox788
Wed Jul 11, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 122
Views: 9365

Re: Keeping a checkbook register

So how many Bogleheads actually reconcile their checkbooks? I used to, but gave up on that idea a while back. Just look at the general accuracy (did I write the checks) and trust the bank to do the math. I've gone back only once or twice where the register has been useful beyond the current checkbo...
by inbox788
Wed Jul 11, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10605

Re: Six stocks make up 98% of S&P 500 gains in 2018

I assume they did that? I think you misunderstand what I meant. For example the 10 largest holdings in VFINX account for ~22% of the assets (as of 5/31/18). So they account for ~22% of the returns (by my reckoning). There's no meaningful sense in which 6 stocks account for 98%. I understand the cla...
by inbox788
Wed Jul 11, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7991

Re: Whole Life - We're doing it. What to look for?

But based on the term quote above, for standard risk is annual premium of $175 vs $920 whole life. Basically $750 per year difference, which in theory goes towards cash value investment. In 20 years the guaranteed cash value is $31440. Using 20 years annual pay in of $750 year, that is better than ...
by inbox788
Wed Jul 11, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7991

Re: Whole Life - We're doing it. What to look for?

Based upon the $100k illustration, if SO passes at age 80, the cash value is $67k (not paid out) but the total death benefit is $157k (paid out). Their only contractual risk is $100k guaranteed cash value, so at age 80, the maximum risk they're taking by holding and investing the policy holders $67...
by inbox788
Tue Jul 10, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7991

Re: Whole Life - We're doing it. What to look for?

Umm... I've never seen a whole life schedule that looks like this. Usually, by the end of year 6, you will have paid in $920 a year for 6 years, and the cash value will be something like $4000 (from the $5520 you've paid in). In this case, the cash value is actually equal to all the money you've pu...
by inbox788
Tue Jul 10, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Traditional 401k
Replies: 11
Views: 712

Roth 401k vs Traditional 401k

Saw this article today and got me thinking and confused. Why a Roth 401(k) Is (Almost) Always Better Than a Traditional 401(k) https://twocents.lifehacker.com/why-a-roth-401-k-is-almost-always-better-than-a-trad-1827477812 I thought the baseline case of no tax change in retirement yielded no differe...
by inbox788
Tue Jul 10, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 6130

Re: Any Dry Powder Strategies?

Sigh, here you go, my feeling/opinion is once we have a 30% pullback from the high it would be time to deploy this dry powder. Thanks for the clarification. Waiting for a market event is the definition of market timing, and the risk of waiting is as big if not bigger than being in the market, but s...
by inbox788
Tue Jul 10, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 6130

Re: Any Dry Powder Strategies?

Do any other BH have a Dry Powder strategy? I don't really believe in "dry powder strategy", and if you look at carefully, it's not really different from "market timing". And if you look back at the performance, chances are these strategies lag. FWIW, through some mismanagement, I've got some "dry ...
by inbox788
Tue Jul 10, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7991

Re: Whole Life - We're doing it. What to look for?

Does not require a medical examination. This translates to "we charge you the highest rate for the highest risk, and if risk turns out to be less, we make out like bandits". It's like group rates are higher because they don't know the risk. Once they can screen out the high risk individuals, and yo...
by inbox788
Tue Jul 10, 2018 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 6130

Re: Any Dry Powder Strategies?

Do any other BH have a Dry Powder strategy? I don't really believe in "dry powder strategy", and if you look at carefully, it's not really different from "market timing". And if you look back at the performance, chances are these strategies lag. FWIW, through some mismanagement, I've got some "dry ...
by inbox788
Mon Jul 09, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring soon.....401K vs rollover to IRA?
Replies: 28
Views: 3085

Re: Retiring soon.....401K vs rollover to IRA?

Perhaps a few years after you retire. When you get to Required Minimum Distributions, Qualified Charitable Distributions in lieu of some or all of an RMD can be made from an IRA but not from a 401k. At some point it may be a good idea to hold some retirement funds in both types of accounts. If you ...
by inbox788
Mon Jul 09, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: bike helmets
Replies: 82
Views: 4769

Re: bike helmets

But then I also grew up in the era of kids being able to ride bikes to school or wherever they wanted, Same here. And not only did we not wear helmets, I don't think we even knew where to get them if we wanted one. Maybe mail-order or something? There just wasn't a perception that bicycling was som...
by inbox788
Mon Jul 09, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5465

Re: Should I take a $60k paycut to work 4days/week

With higher marginal tax rates, the 60k cut might not be as big as it seems. I was thinking the same thing. Also, you want to consider your pay in your 30's vs 50's and whether it's going to go up or down. In many jobs, you can more than make up that missed opportunity by not retiring early or work...
by inbox788
Mon Jul 09, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring soon.....401K vs rollover to IRA?
Replies: 28
Views: 3085

Re: Retiring soon.....401K vs rollover to IRA?

Will officially retire at the end of the year and have a very good 401K plan ... https://www.cbsnews.com/news/when-an-ira-beats-a-401k-for-your-retirement-savings/ Any decisions yet? I saw the above linked article today and searched for recent thread discussions on the topic, and this thread seems ...
by inbox788
Mon Jul 09, 2018 2:08 pm
Forum: Investing - Theory, News & General
Topic: 50/50 blend of VWENX+VUSUX provides ridiculous risk adjusted return vs 100% stocks
Replies: 22
Views: 2760

Re: 50/50 blend of VWENX+VUSUX provides ridiculous risk adjusted return vs 100% stocks

Through backtesting we can definitely find short periods of time where the total return on long-term government bonds was below that of intermediate bonds, but such periods are generally rare. Long term bonds don't always return a LOT more than intermediate bonds but they generally do return more, ...
by inbox788
Mon Jul 09, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5618

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

If your brake fluid is dark, that’s understandable. If it’s actually dirty then I suspect you have another issue. The thought behind changing your brake fluid every two years stems from the fluid absorbing moisture (water) which lowers the fluids boiling point. If the fluid gets hot enough and boil...
by inbox788
Sat Jul 07, 2018 6:23 pm
Forum: Investing - Theory, News & General
Topic: Better alternatives of VOO or VTI? [Vanguard 500 Index or Total Stock Market]
Replies: 3
Views: 821

Re: Better alternatives of VOO or VTI?

Generally no. Specifically, for what purpose? Where are you coming from? If you have existing accounts, it may be simpler to add funds or subaccounts vs. opening up a new account at Vanguard to invest in VOO/VTI. BTW, why bother with VOO if you have access to VTI?
by inbox788
Sat Jul 07, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: Boglehead guilt with buying a car - Volvo vs Toyota Highlander
Replies: 69
Views: 4681

Re: Boglehead guilt with buying a car - Volvo vs Toyota Highlander

Thanks for those esp. who suggested trying out the Ascend and also evaluating lease option on XC90. Lets see how this goes. Between the Volvo and Highlander, I've crossed the Volvo off the list for poor value and questionable reliability. To me, the pluses are only slight differences, while the min...
by inbox788
Sat Jul 07, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Finding an adviser for lower-income immigrant couple?
Replies: 13
Views: 1097

Re: Finding an adviser for lower-income immigrant couple?

If they only have $20K to invest and haven't even set up retirement funds for themselves, I sure hope someone talks them out of 529s for their grandchildren, for crying out loud. Terrible idea. While I agree a 529 is probably not a great idea, it may be that terrible. If 20k is their life savings a...
by inbox788
Sat Jul 07, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5618

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

a/c cabin filter dirty: $99.99 - This filter is too hard to get to just to look and tell you it is dirty. They just made that up because it could not be dirty that soon. Call them and stop them. $15 and 5 minutes - total rip off! https://www.amazon.com/CF10134-Fresh-Breeze-Filter-Hammer/dp/B0010E00...
by inbox788
Fri Jul 06, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 162
Views: 19755

Re: Replace car battery after X years or wait till it dies?

I learned my lesson last week. I forgot about my battery. It's the original put into use in Fall 2008. On July 1 of 2018 (after 10 years of use) after getting off the freeway and approaching my destination all power went out: the car engine died, along with power steering, etc. (I am really happy t...
by inbox788
Fri Jul 06, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put international?
Replies: 35
Views: 3551

Re: Where to put international?

I'm confused by this too. I went ahead and put some in Roth because that's where I had just opened an account that wasn't automatically saved (like 401k that's directly and invisibly taken out without any intervention). I keep having second thoughts about putting it in the 401k and juggling out some...
by inbox788
Fri Jul 06, 2018 12:24 am
Forum: Personal Consumer Issues
Topic: how to diagnose problem with cable internet speed
Replies: 27
Views: 2335

Re: how to diagnose problem with cable internet speed

I will try the following steps. 1) If you use wifi, stand next to the router. If speed has improved, then the problem is with the distance; otherwise, go to step 2. 2) Use ethernet cable to connect to your router. If speed has improved, then the problem is with the wifi of your router; otherwise, g...
by inbox788
Wed Jul 04, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: iPhone: difference between icloud photo library and icloud backup
Replies: 18
Views: 1542

Re: iPhone: difference between icloud photo library and icloud backup

Just another way Apple has gotten too complex. It used to "just work" but not anymore. All my wife's contacts are now on my phone and my kids get my texts on their phones. My kids' friends try to facetime my kids and it calls my phone instead. Settings—>messages—>send&receive Select your phone numb...
by inbox788
Wed Jul 04, 2018 2:17 am
Forum: Personal Consumer Issues
Topic: Cheapest way to buy a phone in 2018?
Replies: 73
Views: 7164

Re: Cheapest way to buy a phone in 2018?

My screen is becoming unresponsive at times and it does this weird flickering thing near the top, so I’m not sure if a new battery will help. I can still get a full days use out of a single charge. Sounds like you might have Touch Disease. Not worth paying $150 to fix it IMO. Sell the broken phone ...
by inbox788
Wed Jul 04, 2018 2:09 am
Forum: Personal Consumer Issues
Topic: Tire experts? Can I trust a patched tire?
Replies: 47
Views: 4123

Re: Tire experts? Can I trust a patched tire?

Ended up with 8 pounds of pressure when I could add air-- to continue another 1/2 miles to a Costco with a tire center. (the head of the nail was too close to sidewall, but the head did not puncture-- the puncture was further in) I wait my turn and 90 minutes later they tell me it's patched and rea...
by inbox788
Tue Jul 03, 2018 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9751

Re: What’s your plan for a market downturn?

Go to Hawaii and Disney World, prices will be low then. I have no idea when the market will go up and down ….. But I know Disneyworld prices will never go lower only up. List prices only go up, but when the economy is down, sales and discounts and deals are plentiful. Right now, they're few and far...
by inbox788
Tue Jul 03, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: 529 asset allocation during college years
Replies: 9
Views: 916

Re: 529 asset allocation during college years

I'm on the other extreme. I think I'll be fully invested in 100% equities index fund that I'm invested in now and will invest in same during college years. If I get cold feet, I will make some adjustment in my retirement funds, but plan to keep the 529 invested fully. I'm not positive it makes any d...
by inbox788
Tue Jul 03, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do We need health insurance??
Replies: 137
Views: 9258

Re: Do We need health insurance??

Thank you all for your responses. Does anyone know of a place for ultra high deductible insurance plans? I am willing to assume some risk. I really don’t want to game the system, but can’t I skate along, until one of us get sick and than sign up? Obviously something catastrophic or an accident then...
by inbox788
Tue Jul 03, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fed survey: 40% of adults cannot cover a $400 emergency expense
Replies: 48
Views: 5116

Re: Fed survey: 40% of adults cannot cover a $400 emergency expense

There are some truly poor people who can’t afford a $400 emergency because they just don’t have the income needed to cover more than basics. They are out there. Then there is another segment who make choices to consume and not save and they can’t afford a $400 emergency due to choices made, not inc...
by inbox788
Tue Jul 03, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9751

Re: What’s your plan for a market downturn?

Hello. First post, and I was just wondering if anyone has put any plans in place already for the long-predicted downturn . Do you know what you’re going to do when it happens? I realise that it’s basically impossible to predict when a prolonged dowturn is going to happen — some clever economists ar...
by inbox788
Tue Jul 03, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: PurePoint...nice gesture
Replies: 6
Views: 711

Re: PurePoint...nice gesture

I'm more cynical. They probably got tea for free in exchange for their mailing list and profile. The tea company hopes to sell to a small percentage of the people that receive the tea to make up for the cost of advertisement giving away free product. Other customers can expect to get a variety of ot...
by inbox788
Tue Jul 03, 2018 2:20 am
Forum: Personal Consumer Issues
Topic: Transporting bikes with an SUV?
Replies: 38
Views: 1834

Re: Transporting bikes with an SUV?

How far are you transporting the bikes? The easiest solution is the hitch rack. A trailer would cost more, but you can use that to transport the bikes as well as sheets of construction materials.
by inbox788
Mon Jul 02, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with leased car situation
Replies: 8
Views: 1531

Re: What to do with leased car situation

You will probably get the most value (and minimize your costs) by selling it as soon as possible. You might get more in a private sale, but you may have to pay sales tax in some states. You might avoid that if you sell it to a car dealer like Carmax, so it might be a wash between sales tax vs. lower...
by inbox788
Mon Jul 02, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9751

Re: What’s your plan for a market downturn?

“New money” = my next paycheck ... I max 401k, max Roth, and then sweep remainder to high yield savings or index funds When I get 3-5% off my target allocation - that “new money” goes where the market tells me it needs to Also, by “new money” I mean my preference to rebalance by adding funds rather...
by inbox788
Mon Jul 02, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: bike helmets
Replies: 82
Views: 4769

Re: bike helmets

Social convention, nothing more. Bike riding is perceived as a higher risk activity and wearing a helmet is a normal precaution. Conversely, if you were to wear a helmet when walking, driving, bathing, etc., then that's an extraordinary precaution and social pressure would be applied. When going ag...
by inbox788
Mon Jul 02, 2018 2:38 am
Forum: Personal Consumer Issues
Topic: Anyone using Obitalk for Google Voice?
Replies: 38
Views: 4812

Re: Anyone using Obitalk for Google Voice?

I have OBi 202 and tried updating my firmware and every time got "Firmware package checksum error", pls point me where to get latest firmware and how update it. thx I swapped out my 100 for a 200 and am having trouble with one way voice and no ring using GV. Obi-obi works better, but still poor sou...
by inbox788
Sun Jul 01, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Please help find these shoes for an old lady
Replies: 32
Views: 3624

Re: Please help find these shoes for an old lady

Sold by Walmart. Apparently no longer available. https://www.walmart.com/ip/Dr-Scholl-s-Women-s-Nicky-Gel-Pac-Thong-Sandals/12545061 Great job! Persistence pays off. And it puts a name on the model "Nicky"! You might try using eBay or a 3rd party and doing an ongoing search over a few months and se...
by inbox788
Sun Jul 01, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9751

Re: What’s your plan for a market downturn?

If you rebalance during a downturn, though, when everything is going down, (so you’re actually selling funds to buy other funds), doesn’t that just mean your locking in your losses? If you mean rebalancing by adding new money though, then I see the benefit in that * rebalance with NEW money ideally...