Search found 287 matches

by sixty40
Thu Sep 03, 2015 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion, same as contribution?
Replies: 23
Views: 1463

Roth conversion, same as contribution?

I understand that I can withdraw my contributions to a Roth IRA anytime w/o penalty, for any reason. If I convert $50,000 from a traditional IRA to a Roth IRA, and after the conversion and paying the taxes, can I withdraw the $50,000 at anytime for any reason w/o penalty and taxes? Would the convert...
by sixty40
Thu Sep 03, 2015 12:08 am
Forum: Investing - Theory, News & General
Topic: Is there a greater probability of buying low with ETFs than mutual funds?
Replies: 21
Views: 1847

Re: Is there a greater probability of buying low with ETFs than mutual funds?

I am no statistician but it would seem that the odds are the same in both scenarios. If person-AA buys VTSAX at Monday close with $50k and it goes down overnight 2%, AA loses $1000, and you are up $1000 to AA at Tuesday’s opening. If VTSAX goes up 2% overnight, AA makes $1000 and you are down $1000 ...
by sixty40
Wed Sep 02, 2015 11:55 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 15060

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

I manage our small company's 401K and we have American Funds through an agent and the expenses are not what people think, they are higher. We are not offered the same classes of shares as other AF investors, for example: AF Investment Company of America AIVSX becomes RICCX (exp ratio of 0.96% no-loa...
by sixty40
Tue Aug 11, 2015 11:57 pm
Forum: Personal Consumer Issues
Topic: Architectural Shingles VS Metal Roof
Replies: 30
Views: 3980

Re: Architectural Shingles VS Metal Roof

I replaced my wood shingle roof with a metal roof about 4 yrs ago and reaaly like it. Pros (from memory): 50 yr warantee so basically lifetime, can walk on it, high wind rating, light weight, no structural upgrades, the roof itself is "waterproof" so the waterproof membrane below just acts as additi...
by sixty40
Tue Aug 11, 2015 7:23 pm
Forum: Personal Consumer Issues
Topic: Anyone not own a Smartphone
Replies: 76
Views: 6937

Re: Anyone not own a Smartphone

No smartphone here, just have a basic phone I use for texting and calling, spend about $120 per yr on the tracfone pay as you go plan. I am the only one I know out of friends and family to not have a smartphone, not counting relatives over 65 yrs old. However my son got a new iphone 5 and he gave me...
by sixty40
Mon Aug 10, 2015 11:38 pm
Forum: Investing - Theory, News & General
Topic: VDE vs. VGENX
Replies: 2
Views: 1118

Re: VDE vs. VGENX

I have bought and sold VDE and ither Vanguard ETFs at VG brokerage and there have been no restrictions on intraday trading. As you already may know ETFs trade like stocks, not like mutual funds which are only traded at the end of day closing price. I have not done constant in and out trading of the ...
by sixty40
Mon Jul 27, 2015 10:41 pm
Forum: Personal Consumer Issues
Topic: Low mileage oil change
Replies: 37
Views: 29166

Re: Low mileage oil change

I have a nice expensive car that I only put on about 1500 miles per year, synthetic oil. I always questioned the "change oil every year regardless of mileage" recommendation, especially with synthetics. I had my oil tested by Blackstone Labs after not changing it got 2 years. Everything came back fi...
by sixty40
Mon Jul 27, 2015 9:12 pm
Forum: Personal Consumer Issues
Topic: Would you look down on a co-worker for driving a beater?
Replies: 198
Views: 26001

Re: Would you look down on a co-worker for driving a beater?

You will probably be judged by what you drive, whether you like it or not. Being in the consulting engineering field, we never want to drive an "expensive" car to meetings, we will be judged by our clients as maybe having too high fees. I've learned this long ago from my old boss. He had Mercedes, P...
by sixty40
Mon Jul 27, 2015 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 7340

Re: Geico Auto Insurance

About 2 yrs ago my brand new Prius was hit at the front drivers side fender by my landlord at our company. We both had Geico insurance. Took it to a Geico recommended shop (I did not have to, they allow you to take it to any shop you want), got a free rental car, and overall I was very happy with th...
by sixty40
Tue Jul 21, 2015 7:19 pm
Forum: Personal Investments
Topic: VHT vs VGHCX in taxable account
Replies: 21
Views: 8702

Re: VHT vs VGHCX in taxable account

Debonairesuave, I have owned VGHCX for a while and it gas done fairly well, but the cap gains and distributions can get very high, sometimes close to 10% of your investment. I have actually started selling some of it (when it hits LTG after a yr) and buying VHT, since it is much more tax efficient a...
by sixty40
Sat Jul 18, 2015 2:12 am
Forum: Personal Consumer Issues
Topic: Anyone else drive a Tacoma?
Replies: 43
Views: 7169

Re: Anyone else drive a Tacoma?

I have a 2004 2wd prerunner 4dr double cab, since 2012 my son drives it, then after that my daughter will drive it, then after that my youngest son will drive it, after that I will get it back all to myself. It currently has 145,000 miles on it and has been trouble free. I really like the compact si...
by sixty40
Tue Jun 09, 2015 9:15 pm
Forum: Personal Investments
Topic: Please help me understand tax-exempt bond funds
Replies: 12
Views: 2475

Re: Please help me understand tax-exempt bond funds

Thanks SpiderIndexer for the tax info, obviously I did not know that. I guess CA just need to get their tax money anyway they can.
by sixty40
Mon Jun 08, 2015 11:17 pm
Forum: Personal Investments
Topic: Please help me understand tax-exempt bond funds
Replies: 12
Views: 2475

Re: Please help me understand tax-exempt bond funds

I have #3 & #4. For #3, that portion of the total fund which is invested in CA munis are also exempt from CA income tax. When the 1099's are sent out VG will include a pamplet indicating, among other things, percentage of investment in each state for non state specific muni bond funds.
by sixty40
Mon May 25, 2015 11:28 am
Forum: Personal Consumer Issues
Topic: Home Remodel - too many decisions, need help!
Replies: 14
Views: 2655

Re: Home Remodel - too many decisions, need help!

Roof: We reroofed from wood shake to a metal roof a few years back and its is great. Metal is lightweight, you can walk on it, and it practically has a lifetime warranty. The metal roofs for residential homes look like tile and come it different colors and textures. I would go metal. Downlights: I w...
by sixty40
Sat May 09, 2015 1:23 am
Forum: Investing - Theory, News & General
Topic: Stop contributions to retirement accts due to future RMDs
Replies: 77
Views: 25240

Re: Stop contributions to retirement accts due to future RMDs

Let me clarify, it is not a couple. Two separate retired individuals speaking about their household (including spouse) income.. Their pension and ss incomes are in the $120k to $150k range, adding investment income from dividends and cap gain distributions, their gross income probably in the $250k r...
by sixty40
Fri May 08, 2015 6:47 pm
Forum: Investing - Theory, News & General
Topic: Stop contributions to retirement accts due to future RMDs
Replies: 77
Views: 25240

Re: Stop contributions to retirement accts due to future RMDs

Just wanted to know if anyone has even thought about it, it made me think. Seems like Saving$ has thought about it. They are both probably in the same or higher tax brackets than their working years. It is just that everyone says max out 401K and IRA's as if that is the only way, and maybe it is the...
by sixty40
Fri May 08, 2015 5:21 pm
Forum: Investing - Theory, News & General
Topic: Stop contributions to retirement accts due to future RMDs
Replies: 77
Views: 25240

Stop contributions to retirement accts due to future RMDs

Hello everyone, been taking in a lot of information and decided to do my first post since I do not recall any discussions on this topic. Had a co-worker and friend, in their early 70’s and taking RMD. They said in hindsight, they would have stopped contributing to retirement plans due to RMD’s. They...
by sixty40
Sat Apr 25, 2015 12:26 pm
Forum: Personal Consumer Issues
Topic: Any classic car owners here?
Replies: 24
Views: 3606

Re: Any classic car owners here?

I have a 1996 911 C4S coupe, 993, "last of the air cooled". Don't know if it is considered a classic, but I have classic car insurance. My $0.02: - not an investment, have to just want it. although my car has actually increased in value since I bought it 12 yrs ago, still probably in the hole due to...
by sixty40
Tue Apr 14, 2015 10:58 am
Forum: Investing - Theory, News & General
Topic: Converting ETF to mutual fund while managing volatility
Replies: 18
Views: 1649

Re: Converting ETF to mutual fund while managing volatility

Thanks for correcting me dodecahedron. I contacted Vanguard and they cannot convert from ETF to Mutual Fund, just does not work that way. When I read that clause earlier, it seems to indicate that they "convert back". Sorry for the misinformation.
by sixty40
Mon Apr 13, 2015 3:36 am
Forum: Investing - Theory, News & General
Topic: Converting ETF to mutual fund while managing volatility
Replies: 18
Views: 1649

Re: Converting ETF to mutual fund while managing volatility

If it is with Vanguard, Vanguard will convert a Vanguard ETF to its equal mutual fund (if there is an equal) w/o you having to sell it, and it is not a taxable event. I assume that should take the volatility out of it. I believe it gets converted at the end of day NAV. I have not done this yet but w...
by sixty40
Thu Apr 02, 2015 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for CFS
Replies: 4
Views: 608

Re: Health insurance for CFS

mlipps,

My wife has attended support groups. She and I have also done a lot of reading on it. Just checking outside of the usual medical information outlets to see if anyone in this forum has any additional information on insurance.

thanks.
by sixty40
Thu Apr 02, 2015 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for CFS
Replies: 4
Views: 608

Re: Health insurance for CFS

Yes, so the earliest we can change/get insurance is later on in the year, I think around November I think. We did not go thru the exchanges since we get healthcare thru her work, she is a teacher in CA. At this point, we think it will be just all out of pocket until the signup period comes again. Ju...
by sixty40
Thu Apr 02, 2015 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for CFS
Replies: 4
Views: 608

Health insurance for CFS

My wife has Chronic Fatigue Syndrome (CFS), or more recently it is now classified as a disease named SEID. Wondering if anyone here or if anyone knows someone that has this, and what insurance carrier will cover the costs of testing, etc. or an insurance carrier that seems to work with patients with...
by sixty40
Mon Mar 30, 2015 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps mailing me dividend checks
Replies: 16
Views: 4786

Re: Vanguard keeps mailing me dividend checks

Happened to me as well. How it was explained to me was that previously sold funds (zeroed out) are kept in my account and when I buy back in at a later time, the default is to send out the dividend checks even though the dividends/cap gains are indicated to be reinvested. The Vanguard rep mentioned ...
by sixty40
Mon Mar 30, 2015 12:54 am
Forum: Personal Consumer Issues
Topic: Best portable mattress/bed?
Replies: 12
Views: 2548

Re: Best portable mattress/bed?

It is not portable but we have a queen size murphy bed in our extra bedroom. Our inlaws and guests use it and it is fairly comfortable. It pulls down from the wall and when not in use it just folds back up against the wall and looks like a large wall cabinet, and then you have the space where a bed ...
by sixty40
Tue Feb 24, 2015 8:41 pm
Forum: Investing - Theory, News & General
Topic: Buy and Hold Forever Stocks
Replies: 104
Views: 16219

Re: Buy and Hold Forever Stocks

I own about 14 stocks encompassing about 13% of my portfolio including Apple, Costco, BofA, Johnson & Johnson, HP, Philip Morris, Procter & Gamble, Union Pacific, Health Care REIT, Waste Management, etc. Some I have held for more than 10 yrs, some just a year or so. I also speculate/gamble a little,...
by sixty40
Sat Jan 17, 2015 1:26 am
Forum: Personal Finance (Not Investing)
Topic: How do I retire?
Replies: 53
Views: 6739

Re: How do I retire?

With $5.2M you have a lot of choices. Based on future value calculations that can be done on any excel spreadsheet or financial calculator: - At a 5% ROR (rate of return) and a $200,000 yearly withdraw rate, after 30 years (age 89) you will have $8.5M, $3.2M more than what you started with. - At a 3...
by sixty40
Fri Jan 16, 2015 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much does a large payment reduce mortgage
Replies: 34
Views: 3991

Re: How much does a large payment reduce mortgage

I have double checked my numbers and I believe I are correct. If you did not make any extra principal payments since day-1, your current balance would be around $201,860 and your interest paid to date would be $26,940. Since not knowing when you made previous extra principal payments I made some ass...
by sixty40
Fri Jan 16, 2015 12:03 am
Forum: Personal Finance (Not Investing)
Topic: How much does a large payment reduce mortgage
Replies: 34
Views: 3991

Re: How much does a large payment reduce mortgage

Based on your information, your monthly payment is $1,011.01/month on a $215,000 30-yr mortgage at 3.875%. Your original loan payout is $363,964 with $148,964 of it being interest for 30-yrs. Prior to this you already made roughly $15000 in principal payments. If you make an additional $10,000 princ...
by sixty40
Thu Jan 01, 2015 9:12 pm
Forum: Investing - Theory, News & General
Topic: [Annual POLL] What was your 2014 return?
Replies: 144
Views: 20937

Re: [Annual POLL] What was your 2014 return?

I was very happy with my returns this year of about 12.5% with a stock/bond/cash asset allocation of 50/41/9 at start of the year and 53/41/6 at year end. Equity funds returned 13.1%, bond funds returned 7.2%, stocks returned 23.8%, and retirement portfolio blend returned 7.8%. I basically got a lit...
by sixty40
Tue Dec 09, 2014 8:31 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 588
Views: 51903

Re: What do you splurge on?

I got a bottle of Dom Perignon and enjoyed with friends on a vegas trip when I paid off my house. I bought a Porsche 911 when I finally made a good wage and had money in our savings. Lastly, I have to stay at the Grand Californian when we go to Disneyland. Other than these and few other items, I am ...
by sixty40
Mon Dec 08, 2014 11:59 pm
Forum: Personal Consumer Issues
Topic: How long do grilles last?
Replies: 26
Views: 4054

Re: How long do grilles last?

I am the second owner of my weber gas grille, given to me by my brother 10 yrs ago and he owned it since 1994 or so, so about 20 yrs old. He bought new flavorizing bars once. I have done nothing to it but cleaned it when i got it and once since, but will need new flavorizing bars soo. I was looking ...
by sixty40
Sun Dec 07, 2014 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage calculator with extra payment options
Replies: 18
Views: 3365

Re: mortgage calculator with extra payment options

I tailored it for my own use and being a numbers person, I wanted to know as much about the principal and interest as much as possible. It lets you play around with any future contributions and see exactly when your mortgage is complete. You can cut and past and extend it well beyond 30-yrs. Of cour...
by sixty40
Sat Dec 06, 2014 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: buying into a business: how much debt is too much?
Replies: 7
Views: 1486

Re: buying into a business: how much debt is too much?

I was in a similar situation about 20 yrs ago. Small 9 person engineering firm, making about $80k at the time, owner wanted to retire, we worked out a deal that both sides agree. He would take the profits out of the company for 5 yrs while we make our salary with normal bonuses. Another company want...
by sixty40
Sat Dec 06, 2014 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage calculator with extra payment options
Replies: 18
Views: 3365

Re: mortgage calculator with extra payment options

Here is the link to the spreadsheet. Just have to input rate, years, mortgage amount, and any principal payments at whichever month. When loan balance column gets to zero or negative, your loan is complete. https://docs.google.com/spreadsheets/d/12B9SsbZFNYiwuq-j8wksnEyKUuup_H3pTXAEHn-ZIEU/edit#gid=...
by sixty40
Sat Dec 06, 2014 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage calculator with extra payment options
Replies: 18
Views: 3365

Re: mortgage calculator with extra payment options

Thank you LadyGeek, especially about the document inspection. rightdecisions if you pm me your email I can send it. I do not know how to use google drive or dropbox at this time.
by sixty40
Sat Dec 06, 2014 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage calculator with extra payment options
Replies: 18
Views: 3365

Re: mortgage calculator with extra payment options

I have one I created in excel that I used for my own mortgage. It allows extra principal payments by month and tells you the subsequent principal and interest values. I can email to you. This is my first post/reply so I am not familiar with the process or protocol.