Search found 2483 matches

by Tamarind
Thu May 06, 2021 5:35 pm
Forum: Personal Consumer Issues
Topic: Is there any free site that provides IQ test and results
Replies: 32
Views: 1789

Re: Is there any free site that provides IQ test and results

Former "gifted" kid here. IQ numbers are not helpful and may be harmful depending on what you do with them. I understand the curiosity but IQ tests don't measure what most folks think they do. Suggest you encourage your child to pursue interests and meet others who share them without regar...
by Tamarind
Fri Apr 30, 2021 6:29 pm
Forum: Personal Investments
Topic: How am I doing? What could I DO better? 33yr old
Replies: 8
Views: 1940

Re: How am I doing? What could I DO better? 33yr old

Welcome! Good news! You can still get money into a Roth IRA even if you make too much to contribute directly: https://www.bogleheads.org/wiki/Backdoor_Roth This is a good idea even if your tax bracket is high because it's tax advantaged space - you just save on future taxes instead of current ones. ...
by Tamarind
Thu Apr 29, 2021 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Home affordability and self-employment- 370k house?
Replies: 24
Views: 1463

Re: Home affordability and self-employment- 370k house?

Seems like a lot to me. I don't know if you'll have trouble getting the loan without a longer history of earning at your current level. A $370k house in a LCOL area is quite a bit of house. Personally I would try not to increase lifestyle expenses until I was further along towards retirement savings...
by Tamarind
Wed Apr 28, 2021 6:40 am
Forum: Investing - Theory, News & General
Topic: Young Investor's Over Confidence
Replies: 144
Views: 11054

Re: Young Investor's Over Confidence

Sufficiently old millennial here (34) to have watched 2008 first hand with some of my own money at stake. Age and experience is no buffer - my dad lived through the same crash I did plus 2000 and still hasn't learned to stop market timing. 75/25, saving 30% of gross. LBYM is how I intend to get to ...
by Tamarind
Tue Apr 27, 2021 7:10 pm
Forum: Investing - Theory, News & General
Topic: Young Investor's Over Confidence
Replies: 144
Views: 11054

Re: Young Investor's Over Confidence

Sufficiently old millennial here (34) to have watched 2008 first hand with some of my own money at stake. Age and experience is no buffer - my dad lived through the same crash I did plus 2000 and still hasn't learned to stop market timing. 75/25, saving 30% of gross. LBYM is how I intend to get to e...
by Tamarind
Fri Apr 23, 2021 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 17903

Re: Discuss Net Worth with Adult Children

My parents are a bit older than OP and shared with me when my mother got ready to retire, as they had just saved and never figured out a plan for decumulation. They knew that I was interested and asked me to help make a plan. We've spoken openly about saving and investing since I was in college and ...
by Tamarind
Thu Apr 22, 2021 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard solo 401k to allow incoming rollovers?!
Replies: 43
Views: 3866

Re: Vanguard solo 401k to allow incoming rollovers?!

I'm starting this process now to move over a former employer 401k. After calling the small business group, I specifically asked to amend my plan, and was sent a digital copy to sign. Will be reviewing today. The rep I spoke to said that he's taking a lot of calls on the subject of rollovers lately. ...
by Tamarind
Wed Apr 21, 2021 12:15 pm
Forum: Investing - Theory, News & General
Topic: Hit Millionaire Status! [Does anyone shift when they hit a milestone?]
Replies: 132
Views: 18290

Re: Hit Millionaire Status!

My wife and I hit millionaire status this month when I updated our tracking spreadsheet. 31 with a net worth of $1million :D [...] This forum loves index funds and retirement accounts and maybe my millennial will be showing but what is the point of having so much money only for 60+? Congrats on you...
by Tamarind
Wed Apr 21, 2021 6:20 am
Forum: Personal Consumer Issues
Topic: What is the Softest Mattress in a Box?
Replies: 8
Views: 1040

Re: What is the Softest Mattress in a Box?

I like the Helix Sunset. It's their softest model. Seconded. Two sides sleepers here, one who is used to rigid foam and the other who prefers marshmallow softness. The Helix Sunset Deluxe works for both of us because of the structure of springs under all the squish. I will note that the extra toppe...
by Tamarind
Tue Apr 20, 2021 11:58 am
Forum: Personal Finance (Not Investing)
Topic: How Long Would You Stay in a Boring Government Job?
Replies: 110
Views: 6848

Re: How Long Would You Stay in a Boring Government Job?

I'd say at least stick it out until the employer contributions to pensions vest. Otherwise you're leaving 10% of that "easy" comp on the table. It sounds to me like you can't scale your solo practice without getting back into a grind you dislike, so if you quit the gov job you'll have time...
by Tamarind
Sat Apr 17, 2021 3:04 pm
Forum: Personal Consumer Issues
Topic: Oceanfront property and climate change
Replies: 17
Views: 1137

Re: Oceanfront property and climate change

I'm 34. By the time I reach traditional retirement age my nearest beach area is projected to see over a foot of sea level rise. By the end of my life could be 4 ft or more, at which point the coastline will look very different. I don't think I would buy anything below 10 or even 20ft above sea level...
by Tamarind
Sat Apr 17, 2021 2:43 pm
Forum: Personal Consumer Issues
Topic: Temp change in remote location - tell employer?
Replies: 35
Views: 2933

Re: Temp change in remote location - tell employer?

Remote is remote from any place with adequate access to work tools, especially for such a short time period. I would not hesitate to mention it if it came up, nor would I ask permission.
by Tamarind
Sat Apr 17, 2021 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 102
Views: 10235

Re: How foolish is this? [Buying waterfront apartment in Florida]

My personal judgement is that waterfront property can no longer be considered a lifelong, let alone generational, investment. Long term, probably, but you can't be assured it will have any value at all to your children. I love to visit the Outer Banks but I would not buy there, as current prediction...
by Tamarind
Fri Apr 09, 2021 7:26 pm
Forum: Personal Investments
Topic: Life Savings in Cash--Need Advice
Replies: 27
Views: 4373

Re: Life Savings in Cash--Need Advice

I would say address the behavioral problem first and head on. You are never in the rest of your life going to see a decline big enough to make you feel comfortable - either it'll never come or its arrival would make you panic and bail. You're just going to have to give that money up as lost. Accepti...
by Tamarind
Wed Apr 07, 2021 7:07 am
Forum: Personal Investments
Topic: 34yr old - First time poster - Portfolio & Life Help
Replies: 20
Views: 3298

Re: 34yr old - First time poster - Portfolio & Life Help

Welcome! Glad you're here. Here's a little advice from a 34 yr old in the humid South with a very fulfilling job. I've never known anyone who already had a non-academic job whose job prospects were improved by getting a PhD. Obviously can vary by the field but you should have a much clearer idea of ...
by Tamarind
Wed Apr 07, 2021 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 6004

Re: Job Satisfaction vs Maximizing Income

I would say prioritize career at that age, which might be different from prioritizing income in the short term. I would not advise someone decades from retirement to pursue a job that is either: A) Dead-end ie zero chance for more interesting work in the future B) Morally bankrupt ie I don't care ho...
by Tamarind
Sun Apr 04, 2021 9:17 am
Forum: Personal Finance (Not Investing)
Topic: HM Bradley experience
Replies: 29
Views: 2682

Re: HM Bradley experience

This makes me feel a lot better about the mechanics of withdrawing a large balance all at once when the time comes. Not that things couldn't change, of course. I initiate ACH from Ally straight into the Hatch Bank account. That way I don't have to worry about what HMBradley may or may not change in...
by Tamarind
Fri Apr 02, 2021 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) contribution entries in Tax forms
Replies: 11
Views: 766

Re: Solo 401(k) contribution entries in Tax forms

All of the contributions you mentioned (both employer and employee) to a Solo 401K go on Schd 1, line 15. Your software will make sure you haven't over contributed.. it will assume employer and employee contributions up to the max allowed with your earnings Schedule C entry is if you set up a pensi...
by Tamarind
Fri Apr 02, 2021 4:19 pm
Forum: Personal Investments
Topic: Help me help my parents
Replies: 12
Views: 1384

Re: Help me help my parents

I'd do double Roth IRAs while they are still working and able to contribute. Can withdraw the contributions anytime, gains are tax free. Vanguard Balanced fund is a good choice for getting some gains but with a buffer for crashes, it is my own parents' single fund.
by Tamarind
Fri Apr 02, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: If I go part time, my wife is kicked off of the health insurance plan.
Replies: 23
Views: 2388

Re: If I go part time, my wife is kicked off of the health insurance plan.

Even if the open enrollment period were not extended, I believe almost any event that causes one to lose employer based insurance is a qualifying event that entitles you to enroll in an ACA plan out of the normal open enrollment period. If it would affect your decision, check whether your wife's pr...
by Tamarind
Sun Mar 28, 2021 5:55 am
Forum: Personal Investments
Topic: 500k portfolio needing 3k/month income.
Replies: 40
Views: 5213

Re: 500k portfolio needing 3k/month income.

OP, you may wish to point your brother at this very helpful short booklet, written in 2014 and provided free by its author Bill Bernstein. I found this very helpful when I was 30 and I think everyone should give it a read. https://www.etf.com/docs/IfYouCan.pdf It's a concise explanation of risk, inc...
by Tamarind
Fri Mar 26, 2021 3:09 am
Forum: Personal Investments
Topic: Solo 401(k) Employee Salary Deferral question
Replies: 8
Views: 549

Re: Solo 401(k) Employee Salary Deferral question

Please confirm if below statements are correct. Now when it comes to the contributions: Sum of all 3 buckets should not be more than 57K for year 2020 Sum of bucket-1 and bucket-2 employEE cannot exceed more than 19.5K Bucket-2 as employER shouldn't me more than 18.5% of business income profit (sol...
by Tamarind
Fri Mar 26, 2021 2:56 am
Forum: Personal Consumer Issues
Topic: Convince me - for or against bigger home
Replies: 106
Views: 7855

Re: Convince me - for or against bigger home

Sounds like you aren't using the bedrooms you have now. I would not make a change.
by Tamarind
Thu Mar 25, 2021 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: JTWRS Problems - what are my options?
Replies: 136
Views: 10660

Re: JTWRS Nightmare - what are my options?

Ugh a typo seems to have twisted my post. Dang autocorrect. I meant can you sell the fund but leave all the money in the JTWROS account? Reviewing the thread, everything you've tried to do has been about removing money from the account and getting a check. Obv the broker will not allow you to do th...
by Tamarind
Thu Mar 25, 2021 11:44 am
Forum: Personal Finance (Not Investing)
Topic: HM Bradley experience
Replies: 29
Views: 2682

Re: HM Bradley experience

My first transfer out of HMB ($20) was performed exactly as promised, next day after request.
by Tamarind
Thu Mar 25, 2021 11:43 am
Forum: Personal Investments
Topic: Any place better than Marcus (.5%) to park money?
Replies: 25
Views: 2714

Re: Any place better than Marcus (.5%) to park money?

HM Bradley has some potential but requires direct deposit and a 20% cash savings rate in order to beat Marcus. Some Bogleheads are worrying the rates (3-3.5%) are too good to be true. Me, I'm trying it out.
by Tamarind
Thu Mar 25, 2021 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Home remodels right now
Replies: 12
Views: 1106

Re: Home remodels right now

Yes, recent natural disasters have made building supplies expensive. Also if you're doing any work with an architect most of them are up to their eyeballs in work. I'm currently on an 18 month long waiting list to start the design process with our architect. I suggest you plan to live in the house a...
by Tamarind
Thu Mar 25, 2021 6:14 am
Forum: Personal Finance (Not Investing)
Topic: JTWRS Problems - what are my options?
Replies: 136
Views: 10660

Re: JTWRS Nightmare - what are my options?

Ugh a typo seems to have twisted my post. Dang autocorrect. I meant can you sell the fund but leave all the money in the JTWROS account? Reviewing the thread, everything you've tried to do has been about removing money from the account and getting a check. Obv the broker will not allow you to do tha...
by Tamarind
Thu Mar 25, 2021 6:09 am
Forum: Personal Investments
Topic: Panic Sold All My Theme Park Stocks
Replies: 35
Views: 5311

Re: Panic Sold All My Theme Park Stocks

It usually looks high, except when it's crashing. You are 32. I'm 34. If we continue to get even low-average returns, prices will *double* again at least once from today before we retire. So it can't be all that high today, relatively speaking. Invest you must. Strongly suggest you have at least 30%...
by Tamarind
Wed Mar 24, 2021 3:01 pm
Forum: Investing - Theory, News & General
Topic: Are 3x leveraged ETFs the long-term winning strategy?
Replies: 701
Views: 34851

Re: Are 3x leveraged ETFs the long-term winning strategy?

Leveraged ETFs are great on the way up, bad on the way down, and bad in a sideways market. Here’s how an actual LETF performed over the past 15 years or so. You’ve only been outperforming the market since March 2020. Yes, leveraged ETFs only outperform the market when it's going up. But since we al...
by Tamarind
Wed Mar 24, 2021 6:17 am
Forum: Personal Finance (Not Investing)
Topic: HM Bradley experience
Replies: 29
Views: 2682

Re: HM Bradley experience

So far so good. My 3% rate should start April 1. Haven't done a lot of transferring yet as I was waiting for the direct deposit to hit. Will report back.
by Tamarind
Wed Mar 24, 2021 6:13 am
Forum: Personal Finance (Not Investing)
Topic: JTWRS Problems - what are my options?
Replies: 136
Views: 10660

Re: JTWRS Nightmare - what are my options?

OP, if you're really willing to wait for the other owner to die, and you think they would refuse to sign even for half of the amount, and your biggest issue is the tax bill: Will the custodian permit you to unilaterally sell the mutual fund and leave the amount in the amount in cash? That would end ...
by Tamarind
Wed Mar 24, 2021 5:39 am
Forum: Personal Consumer Issues
Topic: Ductless AC units?
Replies: 14
Views: 1564

Re: Ductless AC units?

I love these units, however... Do you know if there's an issue with the insulation of the room? It may be much cheaper as well as more effective to correct any insulation or air leak issues and so hold on to the conditioned air you already have. Consider floors and ceilings as well as the walls.
by Tamarind
Tue Mar 23, 2021 4:34 pm
Forum: Personal Investments
Topic: Best place to open a solo 401k?
Replies: 71
Views: 3995

Re: Best place to open a solo 401k?

updated information on Vanguard Individual 401K (Solo 401K) They are now accepting rollovers from an outside 401K. I just did it in the last 5 days. I believe that I may have been their first one. It went very smoothly and only took about 5 days including very little paperwork. The biggest time was...
by Tamarind
Tue Mar 23, 2021 12:59 pm
Forum: Personal Investments
Topic: Best place to open a solo 401k?
Replies: 71
Views: 3995

Re: Best place to open a solo 401k?

Etrade made some changes to the way they handle contributions this past year, and they are definitely changes for the worse. They now limit electronic transfers to the elective deferral limit ($19.5k or $26k). If you want to contribute more, you have to deposit a paper check through their mobile ap...
by Tamarind
Wed Mar 17, 2021 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: APTC Repayment for 2020 - IRS guidance?
Replies: 2
Views: 284

Re: APTC Repayment for 2020 - IRS guidance?

It just happened less than a week ago, it's going to be X amount of time for the IRS + Y amount of time for tax software providers. I wouldn't stress it yet. Plus they will it seems extend the deadline again this year https://www.cnbc.com/2021/03/17/irs-pushes-april-15-us-tax-deadline-to-may-17.htm...
by Tamarind
Wed Mar 17, 2021 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: APTC Repayment for 2020 - IRS guidance?
Replies: 2
Views: 284

APTC Repayment for 2020 - IRS guidance?

Had anyone seen updated IRS guidance yet on the provision of the American Rescue Plan Act about repayment of excess advance Premium Tax Credit? My mother decided in December of last year to make a larger than previously planned Roth conversion. This means her income was about $20k more than she had ...
by Tamarind
Wed Mar 17, 2021 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with the Idea of RE at 39 [Retire Early]
Replies: 19
Views: 2075

Re: Struggling with the Idea of RE at 39

Aside from having enough money to FIRE, are there others who are wary of stepping off the cycle of achievement? For most high-earning professionals, like doctors, lawyers, tech professionals, achieving FIRE has not only required sustained financial discipline, but has required an all-encompassing w...
by Tamarind
Tue Mar 16, 2021 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: What expenses should be part of an emergency fund?
Replies: 37
Views: 2954

Re: What expenses should be part of an emergency fund?

I'd save up for the large planned expenses separate from the emergency fund. Agreed. Emergency fund is for situations that would cause me to delay or cancel large planned expenditures ie job loss, major medical event, unforeseeable damage to property (disaster not normal end of life). If I'm using ...
by Tamarind
Tue Mar 16, 2021 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: First Taxable Account!
Replies: 10
Views: 897

Re: First Taxable Account!

Before it is too late, set your cost basis as specific identification. You’ll want it set up that way when you learn about tax loss harvesting. You may also want to turn off automatic reinvestment of dividends. I second SpecID, though I kept automatic reinvestment on for now. I prefer to title join...
by Tamarind
Tue Mar 16, 2021 1:52 pm
Forum: Personal Investments
Topic: This is a dumb idea....right?
Replies: 21
Views: 3114

Re: This is a dumb idea....right?

Not dumb but over-enthusiastic. You could stop automatic reinvestment of dividends, then put dividends into VBIAX. Sell a budgeted amount to sell each year and move into VBIAX while: 1) staying in your current bracket for long term gains (presumably 15%?) 2) avoiding any income cliffs or phase-it's ...
by Tamarind
Tue Mar 16, 2021 8:22 am
Forum: Personal Investments
Topic: Approaching Income Limit for Roth IRA Contributions - What are my options?
Replies: 7
Views: 607

Re: Approaching Income Limit for Roth IRA Contributions - What are my options?

If you increase your traditional 401k contributions, you will stay below the Roth IRA contribution limits longer, as they reduce your AGI.

If you roll your rollover IRA into your 401k, you will be free to use the backdoor to the Roth IRA when you need it.
by Tamarind
Sun Mar 14, 2021 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13255

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

My sister's income is in this vicinity. She made slightly too much in 2019 to qualify for the credits and hasn't yet filed 2020 taxes. It's probably too late now anyway to file 2020 taxes (the reason I think this is because I already got my stimulus check by direct deposit yesterday) but it wouldn'...
by Tamarind
Sun Mar 14, 2021 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?
Replies: 101
Views: 8888

Re: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?

Absolutely not. I briefly carried a mortgage that was 50% of take home due to a pay cut, though all the numbers were much much smaller. It was awful and stressed me out. You simply can't afford to buy a typical house in your area, despite your very high income. Seems to me if your wife cannot stand ...
by Tamarind
Sat Mar 13, 2021 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Going rates for consultants
Replies: 8
Views: 1497

Re: Going rates for consultants

Good advice already above. I work for a consulting firm in the IT/Software space and we bill consultants out between $175-220/hr depending on the client and the consultant's level of experience. Of course the consultants don't take that much home and the owner has an excellent profit margin even aft...
by Tamarind
Fri Mar 12, 2021 7:44 am
Forum: Investing - Theory, News & General
Topic: American Rescue Plan Act of 2021 Signed
Replies: 72
Views: 8162

Re: American Rescue Plan Act of 2021 Signed

Here is the Kitces analysis for the American Rescue Plan.... https://www.kitces.com/blog/the-american-rescue-plan-act-of-2021-tax-credits-stimulus-checks-and-more-that-advisors-need-to-know/ Lots of changes that actually apply to the 2020 Tax Filling. Its going to get interesting--especially if you...
by Tamarind
Thu Mar 11, 2021 8:37 am
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 255
Views: 19002

Re: Non-fungible tokens (NFTs): anyone investing in those?

A potential use I can see for them, but it will never happen, would be a legal framework that would reverse decades of "stealing the common from the goose*" represented by DRM and endless extension of copyright. A slightly more enforceable kind of Creative Commons license. One could imagi...
by Tamarind
Thu Mar 11, 2021 8:35 am
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 255
Views: 19002

Re: Non-fungible tokens (NFTs): anyone investing in those?

No, it's a blockchain-adjacent speculative product, all hat no cattle. If you wouldn't invest in fine art, old wine, or something else where the exchange value far exceeds the use value, then don't bother with this.
by Tamarind
Thu Mar 11, 2021 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth building your dream house?
Replies: 109
Views: 7084

Re: Is it worth building your dream house?

My dream home is not something I could get from a builder. My tastes run to a MUCH smaller home than is economical for most builders. We opted to buy a small home in the right place, but with shabby interior. 10 years in we know exactly what bothers us the most and are also sure it's the right size ...