Search found 714 matches

by KlingKlang
Fri May 18, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 1146

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

Yes, the cliff is indeed a cliff - and there are two of them. You lose out if your income is too low or too high. The following is a link to an excellent article. It's three years old but you can adjust the numbers easily enough by looking up the latest federal poverty level (FPL). https://rootofgoo...
by KlingKlang
Fri May 18, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 1146

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

This is an interesting problem (which I also have to deal with) because it involves keeping the ACA MAGI within a relatively tight range rather than just minimizing taxes. All of the tax minimization strategies involving the use of the IRS Qualified Dividends and Capital Gain Tax Worksheet or tax-ex...
by KlingKlang
Fri May 18, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: Possibility of EE bond rates changing?
Replies: 8
Views: 942

Re: Possibility of EE bond rates changing?

The 20 year doubling rule has been in effect since May 2005. Fixed rate for EE Bonds issued in the six months after date: May 1, 2018 0.10% November 1, 2017 0.10% May 1, 2017 0.10% November 1, 2016 0.10% May 1, 2016 0.10% November 1, 2015 0.10% May 1, 2015 0.30% November 1, 2014 0.10% May 1, 2014 0....
by KlingKlang
Thu May 17, 2018 8:50 pm
Forum: Investing - Theory, News & General
Topic: more rotten service from Vanguard [ACH transfer, fund availability]
Replies: 30
Views: 4841

Re: more rotten service from Vanguard [ACH transfer, fund availability]

I can write a check from my Vanguard Prime MM fund, deposit it to my bank checking account, and the funds are available the next day. Makes me glad that I decided to not use ACH anymore.
by KlingKlang
Mon May 14, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: New Job - Use High Fee 401k With Match or Other?
Replies: 31
Views: 1552

Re: New Job - Use High Fee 401k With Match or Other?

Can you explain her company's match a little more please? Year one, if she contributes 4% of her salary do they match 0.8%? Year two is it a 1.6% match, etc until they are matching a full 4%? Typically the way vesting works is that the employee receives the full match from the beginning but the com...
by KlingKlang
Tue May 08, 2018 9:09 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 4044

Re: Why do so many Americans not own stocks?

Many people deem the financial markets as too risky or even a scam. My parents preferred the certain return of 5,6 or 7% they were getting from banks to the possibility of any loss in the markets. I remember once in '96 when the market was selling off my mother called me in a panic to sell everythi...
by KlingKlang
Mon May 07, 2018 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: advise on custodial account for daughter
Replies: 14
Views: 954

Re: advise on custodial account for daughter

Just wanted to note that when my daughter was young we established an UGMA/UTMA account for her at Vanguard and then used those funds for her Roth IRA when she began to earn money from employment at age 16. Everything turned out fine but I had to call Vanguard to transfer the funds each year as ther...
by KlingKlang
Tue May 01, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Vanguard Money Market Account Check wise
Replies: 15
Views: 2066

Re: Question on Vanguard Money Market Account Check wise

The only time that I write checks from a Vanguard (taxable) money market account is when I am transferring funds into my B&M checking account. This way I get a receipt from the bank and the deposit shows up as "pending" anytime I want to check on it. The check usually clears in a day or two. If I us...
by KlingKlang
Fri Apr 27, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: The Paperless Life
Replies: 45
Views: 4686

Re: The Paperless Life

Can anyone explain why it is important to save any statements outside of buys / sells and end of year tax forms? A few years ago I had a major problem with billing from my health insurance company. I had a large account credit which suddenly turned into a large amount owed accompanied by overdue th...
by KlingKlang
Mon Apr 23, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Too Much Money in Taxable Acct/House Payoff/401k
Replies: 9
Views: 1553

Re: Too Much Money in Taxable Acct/House Payoff/401k

Is the house jointly owned by both of you?

How do the student loan interest rates compare to your mortgage interest rate?

Even though you don't want to discuss it keep in mind that your wife will never be able to go back and make up contributions to her Roth IRA that she skips making now.
by KlingKlang
Mon Apr 23, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home with water damage
Replies: 21
Views: 2102

Re: Buying a home with water damage

The first thing that I would do is to get the house inspected by at least two different companies that you hire and pay for. Get this done before the house is refurbished and the damage is covered up. Since the house is still being offered at its original pre-damaged price I would get a lawyer invol...
by KlingKlang
Sat Apr 21, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds - now or later in the year?
Replies: 17
Views: 3103

Re: I Bonds - now or later in the year?

I signed up for a Treasurydirect account today. I plan on buying some I Bonds for the first time in May. This sounds like a great way to up my bond allocation percentage while saving some space in my Roth IRA for more total stock market etf. Rather than start a new thread I wanted to pose 2 quick q...
by KlingKlang
Sat Apr 21, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: Medical alert "button"
Replies: 34
Views: 2563

Re: Medical alert "button"

Think very seriously about getting a device that has "fall detection", so IF someone falls and can't move/etc., help is started (e.g., phone call sequence, then 911... whatever is set up). RM Thanks, RM. Will certainly add the "fall detection" feature to whatever "buttons" get short-listed! Edit: G...
by KlingKlang
Sat Apr 21, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 2659

Re: Question about Savings Bonds

I had one year where I declared the interest in year of maturity, but cashed it the next. You just account for that on your tax return. I'm confused. Why would you report the interest in the year of maturity but not redeem the bonds? Gill You report the interest because that's what the law specifie...
by KlingKlang
Sat Apr 21, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 2659

Re: Question about Savings Bonds

Sorry I'm still really confused, do you mind breaking it down more for me with these questions? KlingKlang I read through your responses but I got lost trying to understand lol. Sorry thank you!! Maybe if you can number your responses based off my questions for each? 1.) Regarding #2 though, I stil...
by KlingKlang
Tue Apr 17, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review - doing the 3-funds with a tilt
Replies: 16
Views: 1539

Re: Portfolio review - doing the 3-funds with a tilt

Given that you are both medical professionals keep in mind that in 2018 for MFJ the Roth phase-out starts at $189,000 and you are ineligible to contribute at $199,000 adjusted gross income.
by KlingKlang
Tue Apr 17, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Account for Adult Children Allowing Parent Some Control
Replies: 31
Views: 4081

Re: Account for Adult Children Allowing Parent Some Control

Tell your adult children that you are going to set up an account in their name and you will fund it.....but that it is for long-term purposes (as you determine) and they are not to worry about it. Open an account in their name at your brokerage company - the one you use for your other brokerage bus...
by KlingKlang
Mon Apr 16, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's investments, please.
Replies: 47
Views: 4800

Re: Help with my mom's investments, please.

So, should I just wait the 27 or so days to get her back into VTSAX, or is there some other fund I should consider immediately? Lots of other choices, two that I would have no hesitation recommending: VFIAX 500 Index Admiral (Large stock) VTCLX Tax-Managed Capital Appreciation Admiral (Large and mi...
by KlingKlang
Mon Apr 16, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 2659

Re: Question about Savings Bonds

First, I think the best thing to do is put them all in a Treasury Direct account to avoid holding any paper securities. (This was some advice up above in this thread.) Then you will see exactly what you have and have the option to redeem them, send the proceeds to your bank account, put them in ano...
by KlingKlang
Mon Apr 16, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 2659

Re: Question about Savings Bonds

5.) Why do you have to report the interest on Schedule B? Isn't there just a spot on the 1040 that's like line 2 or something that asks for interest income? Why can't you just put it there where it's supposed to go? Like why also do you have to report it on this Schedule B too? It sucks because I l...
by KlingKlang
Sun Apr 15, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can't afford health insurance -- options?
Replies: 23
Views: 3065

Re: Can't afford health insurance -- options?

Go to HealthCare.gov and check on their eligibility for both Medicaid and ACA coverage in your state.
by KlingKlang
Fri Apr 13, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 2659

Re: Question about Savings Bonds

1.) The $50 printed on the bond is basically a marketing gimmick by Uncle Sam, it just makes it look like you were given a bigger gift than you were. The official answer is that each EE bond has a guaranteed doubling period (currently 20 years, shorter for older bonds) so that is double the $25 purc...
by KlingKlang
Fri Apr 13, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you buy muni and i-bond funds?
Replies: 8
Views: 539

Re: Where do you buy muni and i-bond funds?

Thanks. How often do you buy? I Bonds earn interest based on the month and year of their purchase so there is no advantage to purchasing them more than once a month, usually during the last week. You are limited to obtaining $10000/year I Bonds using this method. I Bonds (in paper form) can also be...
by KlingKlang
Thu Apr 12, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with $23,000 in EE US savings bonds in Treasury Direct?
Replies: 4
Views: 655

Re: What to do with $23,000 in EE US savings bonds in Treasury Direct?

Tax implications - Federal income tax on savings bonds is reported on Schedule B as interest income for the tax year in which they were redeemed. If you use them to pay educational expenses or have been declaring interest income all along (this is uncommon) post again for the details. They are free ...
by KlingKlang
Mon Apr 09, 2018 6:19 pm
Forum: Personal Consumer Issues
Topic: [When is going out to a restaurant worth it to you?]
Replies: 71
Views: 6454

Re: [When is going out to a restaurant worth it to you?]

- When we have a coupon, Living Social or Groupon I don't want to hijack this thread, but has anyone else had the experience of going to a restaurant with a Living Social, Restaurant.com, or Groupon certificate, discount coupon, or gift card and gotten the Thing that just crawled out from under a r...
by KlingKlang
Mon Apr 09, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Purepoint now 1.6%
Replies: 16
Views: 2643

Re: Purepoint now 1.6%

Just got my 1.75% email.

I've really been impressed with PurePoint. Plus they sent me a holiday card in December.
by KlingKlang
Mon Apr 09, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: I'm 34 and Need Investing Help
Replies: 8
Views: 1465

Re: I'm 34 and Need Investing Help

Great advice so far! One option that hasn't been mentioned yet for tax advantaged savings is United States Series I Savings Bonds. They pay interest at a (currently small) fixed rate plus the rate of inflation. They allow you to shelter interest income for between 1 and 30 years. Their redemption va...
by KlingKlang
Mon Apr 09, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 12138

Re: Cash flow problems - best way to handle?

You haven't given enough information about your financial situation to offer specific advice, so this will just be general comments on your post. You need to learn to distinguish between 'needs' and 'wants'. Summer camp for the kids is a want not a need. There will always be unexpected expenses or "...
by KlingKlang
Sat Apr 07, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Am I Crazy??? [Excess W-4 withholding, got large tax refund]
Replies: 31
Views: 4011

Re: Am I Crazy???

Way back in the late 70s, early 80s I helped my then CPA brother-in-law during tax season. This was before individuals used PCs and internet to complete tax forms. I remember a client who had a $6-8k refund, and advised him to lower his withholding. At that point bank CD interest was 7-10% and mort...
by KlingKlang
Fri Apr 06, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: [When is going out to a restaurant worth it to you?]
Replies: 71
Views: 6454

Re: [When is going out to a restaurant worth it to you?]

"When is going out to a restaurant worth it to you?"
A. When it makes my wife happy.
B. When I can try something new that we really don't have the equipment/ingredients/knowhow to make at home.
C. Goto A
by KlingKlang
Wed Apr 04, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical situation investing on property vs market
Replies: 21
Views: 1622

Re: Hypothetical situation investing on property vs market

Are there any other expenses besides the HOA? Utilities, maintenance, insurance, property taxes, management?
by KlingKlang
Wed Apr 04, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: medical appointments and start of new employer insurance
Replies: 14
Views: 848

Re: medical appointments and start of new employer insurance

Yes, I understand about being covered. But I am concerned with actually being in the new insurer's system soon enough as to be able to even print an ID card on May 1. The radiologist and the primary care will want all those details such as ID number, group number, etc. Anyone actually have experien...
by KlingKlang
Sun Apr 01, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio check
Replies: 10
Views: 870

Re: Portfolio check

Once you have reached 6 to 8 months expenses in your money market/savings account you may want to consider starting contributions to a total stock market fund (example VTSAX) and/or Series I US Savings Bonds. Otherwise I think that you are doing great.
by KlingKlang
Sun Apr 01, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 8
Views: 785

Re: Investment Advice

I would not stop investing in your tax deferred accounts. If you do so you will permanently lose your ability to make these contributions for the years that you skip, increase your taxes because of the loss of your contributions, and further increase your taxes because of the loss of your mortgage i...
by KlingKlang
Sat Mar 31, 2018 6:31 pm
Forum: Investing - Theory, News & General
Topic: Why does it seem there are so many bad/poor 401K plans?
Replies: 36
Views: 4990

Re: Why does it seem there are so many bad/poor 401K plans?

Back in the 1990's our mid-size company's HR manager (who used to be the president's administrative assistant when they were starting out) visited our branch office to explain our new 401(k) plan. Someone asked why they had chosen the company that they did to administer the plan. She was actually du...
by KlingKlang
Sat Mar 31, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: These 3 Admiral Shares Funds?
Replies: 11
Views: 1923

Re: These 3 Admiral Shares Funds?

Thanks, but how would I never need to rebalance when LifeStrategy Moderate has fixed assets of 60/40?? I am 55 now, so 60/40 is ideal for my risk tolerance, but as I say hit 60, I may want to go to to closer to a 50/50 mix. It seems like the 3 fund portfolio of VTSAX, VTIAX, VBTLX would allow more ...
by KlingKlang
Fri Mar 30, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 2105

Re: 401k vs Traditional IRA

The 55 exemption to early withdrawal penalty is an IRS rule. If you leave your job, you always have the option of withdrawing your money from your 401k (or rolling it over to an IRA). Your employer doesn't have to offer you the ability to do partial withdrawals, which negates most (all?) of the ben...
by KlingKlang
Fri Mar 30, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 6444

Re: Should I loan my child money for college?

For those suggesting that I shouldn't 'borrow for/in retirement', I should point out that (1) best case scenario, she pays the money back, with interest, so it's really not the same as borrowing for retirement, and (2) worst case, if it doesn't get paid back, then although it would probably require...
by KlingKlang
Thu Mar 29, 2018 9:21 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 2105

Re: 401k vs Traditional IRA

If you leave your job after you turn 55 you can make withdrawals from your 401(k) without the 10 percent early withdrawal penalty, whereas you have to wait until you are 59 1/2 for the Traditional IRA. I know that there are exceptions for the tIRA but you don't have to worry about them with the 401(...
by KlingKlang
Thu Mar 29, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 24
Views: 2502

Re: Rollover to Vanguard requires brokerage account?

I just did a direct rollover from an old 401(k) at Fidelity to my Vanguard old-style mutual fund tIRA account 2 weeks ago. Like the OP when I tried to do it through the Vanguard website I kept running into the open a new brokerage account dialog. Finally I called Vanguard and they told me that there...
by KlingKlang
Thu Mar 29, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Sound Strategy RE: Taxes / Retirement ?
Replies: 8
Views: 988

Re: Sound Strategy RE: Taxes / Retirement ?

I plan on retiring early [or at least being financially able to do so]: 1. Is it wrong to view a taxable account as part of my retirement package/portfolio? 2. I understand fund placement/tax efficiency/cap gains as well as asset allocation [ thanks BH ! ] So, my plan as of now [say, 20 years from ...
by KlingKlang
Wed Mar 28, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Checklist for Parents of Incoming Freshmen/To-Be Adult
Replies: 67
Views: 5251

Re: Checklist for Parents of Incoming Freshmen/To-Be Adult

Half the cra(p) you-she thinks she needs from Bed Bath and Beyond, she wont! There is absolutely no reason for someone to show up at their dorm with all brand new purchases. First look around your own house for spare appliances, storage items, towels, ect. (See The Brave Little Toaster ). Check wit...
by KlingKlang
Sun Mar 25, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Anxious about age, career, and housing costs
Replies: 60
Views: 6108

Re: Anxious about age, career, and housing costs

I've been single my whole life (not even a pet) and I'm a minimalist so I generally haven't needed much space. Most of my apartments have been in the 600-800 square foot range and my current one is 600. As I mentioned earlier, though, it would be nice to have the home gym space and a private yard f...
by KlingKlang
Fri Mar 23, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Costco Kirkland Brand Liquor
Replies: 63
Views: 9539

Re: Costco Kirkland Brand Liquor

Would someone post a list of which states Costco is allowed to sell liquor in? Ohio is not on that list.
by KlingKlang
Tue Mar 20, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Is a Model Release normal for wedding videography?
Replies: 28
Views: 2628

Re: Is a Model Release normal for wedding videography?

This seems like an extension of the terms that our wedding photographer had us sign - basically we only received the number of prints that we paid for and the negatives and all rights to the images stayed with the photographer. I agree with the previous advice, if you don't want to see video from yo...
by KlingKlang
Wed Mar 14, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or go crazy (and take 2.5% loan and invest
Replies: 30
Views: 2779

Re: Pay cash or go crazy (and take 2.5% loan and invest

Are there any other manufacturer's or dealer's incentives that you can get if you pay cash rather than taking out a loan? Rebates usually fall into this category.
by KlingKlang
Wed Mar 14, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Review of my full portfolio - am I on the right track?
Replies: 14
Views: 1603

Re: Review of my full portfolio - am I on the right track?

Given that VG Target Retirement 2050 is only 10.12% in bonds 40% seems excessive. VBTLX is fine as your only bond fund. Keep your bond allocation inside your 401(k). On the other hand 2% in cash or $14k may be low for an emergency fund. 6 to 8 months of expenses might be better. You could also look ...
by KlingKlang
Wed Mar 14, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: simplifying my financial life -- should i get rid of treasury direct?
Replies: 47
Views: 5290

Re: simplifying my financial life -- should i get rid of treasury direct?

I agree with all of the responses on what a hassle dealing with the Treasury Direct website is, calling them is even worse. Besides everything previously mentioned they also make you run the gauntlet if you want to switch your linked bank account(s). Interestingly Legacy Treasury Direct still mails ...
by KlingKlang
Mon Mar 12, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Big Work Trip - Looking for Ideas
Replies: 15
Views: 1716

Re: Big Work Trip - Looking for Ideas

I think that Singapore is the perfect introduction to Asia for English speakers plus the greatest foodie destination on the planet. You can see the entire island with a moderate amount of walking using the light rail system (MRT). Worthwhile destinations are the Botanical Gardens, Cultural Gardens, ...
by KlingKlang
Thu Mar 08, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: structured vs. unstructured time in retirement
Replies: 18
Views: 2440

Re: structured vs. unstructured time in retirement

To each his own, obviously some people are happier when they have a schedule to follow than others. Congratulations on meeting so many of your original goals. The rigid schedule that you propose sounds like more work than going to work would be to me. You might as well accept that great offer and ge...