Search found 261 matches

by Lazareth
Wed Apr 14, 2021 10:42 am
Forum: Investing - Theory, News & General
Topic: How to get MoneyGuidePro (full) access
Replies: 9
Views: 1120

Re: How to get MoneyGuidePro (full) access

Thanks, I just went back and dug deeper, changing our dates of death to 100 and 90 years and a 20% cut in benefits in 2034. An immediate decision is to act on my current disappointment with Schwab and switch to V or F...or just let it ride. I will probably swallow my pride and stay (and pay for acc...
by Lazareth
Wed Mar 31, 2021 8:09 pm
Forum: Investing - Theory, News & General
Topic: Is active management paying off in these "difficult times"?
Replies: 6
Views: 1080

Is active management paying off in these "difficult times"?

Bogleheads might be interested in today's Morningstar article about how active funds have lagged their passive benchmarks during the pandemic. The title says it all: 2020's Big Market Moves Catch Most Active Funds Flat-Footed Here's the link: https://www.morningstar.com/articles/1031333/2020s-big-ma...
by Lazareth
Sat Mar 13, 2021 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is it true that prior year capital loss carryover can be used with no limit to cancel out current year capital gains?
Replies: 24
Views: 2946

Re: Is it true that prior year capital loss carryover can be used with no limit to cancel out current year capital gains

This is why I like TurboTax. Each year TT tracks my gains and manage my capital loss carry-forwards from 2010 when I incurred significant advisor-driven losses especially in emerging-market, sector, and gold funds. TT takes the $3K each year off taxable income, and uses up more carried losses when I...
by Lazareth
Tue Mar 02, 2021 11:52 am
Forum: Personal Investments
Topic: Still bonds??
Replies: 17
Views: 1421

Re: Still bonds??

As a retiree I'm happy to re-balance into my bond fund at these stock-market peaks. (Schwab Aggregate Bond Index Fund. 50/50 AA.)
by Lazareth
Thu Feb 25, 2021 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy; Anyone actually made a claim?
Replies: 211
Views: 16055

Re: Umbrella Policy; Anyone actually made a claim?

I agree that this thread should be about OP's need for umbrella insurance. While I am not admitted to practice law in OP's state, it appears that IRA accounts are only protected for 7% of the debtor's total income in the five years preceding the entry of judgment or the filing of bankruptcy. So if ...
by Lazareth
Thu Feb 25, 2021 7:13 pm
Forum: Personal Consumer Issues
Topic: Changes to LastPass free
Replies: 209
Views: 14647

Re: Changes to LastPass free

I be interested to learn how others are successfully using Last Pass or any other PW manager, in a family/sharing situation like me. I've been using LastPass for many years and have the family plan with my wife and two teenage boys using it also. For sharing, I use shared folders (see Sharing Cente...
by Lazareth
Tue Feb 23, 2021 7:00 pm
Forum: Personal Consumer Issues
Topic: Calling all Plumbers (or anyone who has bought a toilet).
Replies: 76
Views: 6350

Re: Calling all Plumbers (or anyone who has bought a toilet).

Helo80 wrote: Sun Feb 21, 2021 1:42 pm Furthermore, once you go ADA, you never go back.
+1
by Lazareth
Tue Feb 23, 2021 6:56 pm
Forum: Personal Consumer Issues
Topic: which snow blower ?
Replies: 103
Views: 7575

Re: which snow blower ?

I'm very happy with my Simplicity 24-inch, 9.5 HP, 2-stage, 5-speed forward, 2-speed reverse, electric start snowblower. Going on fifteen years of New England snowfall and running strong. Looks good too, I always brush it off after use. Silicone spray inside the shute to prevent snow and ice build-u...
by Lazareth
Tue Feb 23, 2021 2:35 pm
Forum: Personal Consumer Issues
Topic: bird's eye camera on car worth it?
Replies: 27
Views: 2716

Re: bird's eye camera on car worth it?

Good to read this here, I'll look for bird's eye view in my next vehicle. Meanwhile, the next best thing for minivan users like me: about four years ago I paid a local car radio shop to install a quality aftermarket back-up camera and touch screen audio unit w/bluetooth /AUX/Pandora...etc., to my ol...
by Lazareth
Tue Feb 23, 2021 2:08 pm
Forum: Personal Consumer Issues
Topic: Changes to LastPass free
Replies: 209
Views: 14647

Re: Changes to LastPass free

Been using LastPass Families for about two years, following a year on the free version. Lastpass is convenient across my several notebooks and desktops as well as my, and my wife's, phones. The "Family" version allows me to share PW's and log in info with my wife. The Family aspect is pret...
by Lazareth
Tue Feb 23, 2021 1:41 pm
Forum: Personal Consumer Issues
Topic: Typical Lifespan of Generac Propane-Powered, Standby Generator
Replies: 46
Views: 3388

Re: Typical Lifespan of Generac Propane-Powered, Standby Generator

To the OP's initial question, my Generac 5K propane (500 gallon tank) standby generator (2001) worked great for 15 years, exercised weekly. It served us particularly well in the October 2011 New England ice storm that kept us w/o electricity for 9 days... typically unheard of in these parts. But whe...
by Lazareth
Tue Feb 23, 2021 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy; Anyone actually made a claim?
Replies: 211
Views: 16055

Umbrella Policy; Anyone actually made a claim?

We paid off the mortgage and are maintaining the bank-approved, and somewhat typical, homeowner's insurance policy. Age 66/64, healthy and semi-retired. From what I read in this forum it seems that, with net worth of around $2 mil (our $400K home and the balance in retirement savings), I should cons...
by Lazareth
Sun Feb 21, 2021 7:38 pm
Forum: Personal Investments
Topic: Best Bond Fund to use for 3 Fund Portfolio
Replies: 25
Views: 2692

Re: Best Bond Fund to use for 3 Fund Portfolio

I use Schwab Aggregate Bond Fund SWAGX for my 50/50 three-fund portfolio. t-IRA's hold all the bond funds.

Bond fund forecasts in general, have been wrong for the past two decades it seems, so I don't pay much attention there. As a retiree I sleep better with the bond-anchor set.
by Lazareth
Sun Feb 21, 2021 7:25 pm
Forum: Personal Investments
Topic: Roth Conversions, process and taxes
Replies: 13
Views: 1362

Re: Roth Conversions, process and taxes

If you want to transfer in dollars, convert to settlement account first in the IRA, then transfer, since shares of the settlement fund are dollars. Curious on this as I have a brokerage account and always a PITA with trying to transfer in dollars rather than shares. I usually have to guestimate sha...
by Lazareth
Sun Feb 07, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: How do you protect your paid off house?
Replies: 41
Views: 4161

Re: How do you protect your paid off house?

Lots of "umbrella policy" advice. Is that different from homeowner's coverage? Does paying-off-the-mortgage typically trigger a change in insurance coverage? ...aside from eliminating the requirement by the mortgage-holder. A couple of years ago I saved about 30% on my homeowner's policy b...
by Lazareth
Wed Jan 27, 2021 5:13 pm
Forum: Personal Investments
Topic: IRA to Roth conversion does it matter what asset (equity or bonds) converted?
Replies: 7
Views: 657

Re: IRA to Roth conversion does it matter what asset (equity or bonds) converted?

I did a recent tIRA-to-Roth conversion. Schwab requires a phone call if you prefer to "journal" existing fund shares from the t-IRA to Roth. It was easy, no need to sell and re-purchase shares. I converted my mutual fund shares (not ETF's) and they journaled-over at the current posted shar...
by Lazareth
Mon Jan 11, 2021 10:21 am
Forum: Personal Investments
Topic: SWTSX with Chase vs. VTSAX with Vanguard
Replies: 12
Views: 1209

Re: SWTSX with Chase vs. VTSAX with Vanguard

I am invested in SWTSX. It is one holding in our $1.5 million Three-Fund Portfolio of taxable and retirement accounts, all at Schwab. Very happy with the performance. So nice to not be bothered picking stocks or worrying about which stock to buy or sell. Excellent service from Schwab when needed, e...
by Lazareth
Sun Jan 10, 2021 9:55 am
Forum: Personal Investments
Topic: SWTSX with Chase vs. VTSAX with Vanguard
Replies: 12
Views: 1209

Re: SWTSX with Chase vs. VTSAX with Vanguard

I am invested in SWTSX. It is one holding in our $1.5 million Three-Fund Portfolio of taxable and retirement accounts, all at Schwab. Very happy with the performance. So nice to not be bothered picking stocks or worrying about which stock to buy or sell. Excellent service from Schwab when needed, e...
by Lazareth
Sat Jan 09, 2021 7:07 pm
Forum: Personal Investments
Topic: SWTSX with Chase vs. VTSAX with Vanguard
Replies: 12
Views: 1209

Re: SWTSX with Chase vs. VTSAX with Vanguard

I am invested in SWTSX. It is one holding in our $1.5 million Three-Fund Portfolio of taxable and retirement accounts, all at Schwab. Very happy with the performance. So nice to not be bothered picking stocks or worrying about which stock to buy or sell. Excellent service from Schwab when needed, ex...
by Lazareth
Mon Jan 04, 2021 7:37 pm
Forum: Personal Investments
Topic: Vanguard PAS...assigned advisor (2yrs exp.), CFP for 6 months
Replies: 45
Views: 3189

Re: Vanguard PAS...assigned advisor (2yrs exp.), CFP for 6 months

... what do you need help with investing $750K? it's not that hard, pick up two (or three) broad market index funds and allocate between them, you are done. Then stay the course and you will be ahead of 99% of investors out there. Yes, that's what I did, picked three Schwab broad-market index funds...
by Lazareth
Wed Dec 30, 2020 8:21 pm
Forum: Investing - Theory, News & General
Topic: The Case Against 529's
Replies: 219
Views: 12531

Re: The Case Against 529's

529 didn't help. When our kids were ages 10 and 11, we funded a 529 with my $150K inheritance. Our retirement savings were sufficiently on track. But... Our son made last-minute choice to join the Air Force during his senior year high school, class of '17, and our daughter (HS class '15) chose commu...
by Lazareth
Sun Dec 27, 2020 8:47 pm
Forum: Personal Investments
Topic: Roth conversion sanity check....
Replies: 26
Views: 2297

Re: Roth conversion sanity check....

What I'm learning about IRMAA is that it may pay to lump conversions, as with some other events. It can be worth the highest tax rates and IRMAA for one year or two years, if you can get into a lower tax rate and no IRMAA going forward. It sounds like you don't have enough tIRA funds for that to ap...
by Lazareth
Mon Dec 21, 2020 3:06 pm
Forum: Personal Investments
Topic: Undo my 2020 Roth conversion?
Replies: 7
Views: 462

Re: Undo my 2020 Roth conversion?

In March 2020 I converted $80K of stock funds in my traditional IRA, to my Roth IRA. I had expected that amount would fill the 12% joint income tax bracket. But earned income has been better than expected so I’ll be into the 22% bracket, for 2020, by about $20K. The “damage” from my miscalculation ...
by Lazareth
Sun Dec 20, 2020 10:14 pm
Forum: Personal Consumer Issues
Topic: Favorite Travel Experiences
Replies: 178
Views: 12953

Re: Favorite Travel Experiences

Croatia. Visited in summer 2019, 12 days. Great value compared to more typical European destinations but with all the European/Mediterranean charm. Great food, crystal clear blue Adriatic. Easy flight Hartford>Dublin>Dubrovnik. Used Booking .com for accommodations. Rented a car and drove from Cavta...
by Lazareth
Sun Dec 20, 2020 1:16 pm
Forum: Personal Consumer Issues
Topic: Favorite Travel Experiences
Replies: 178
Views: 12953

Re: Favorite Travel Experiences

Croatia. Visited in summer 2019, 12 days. Great value compared to more typical European destinations but with all the European/Mediterranean charm. Great food, crystal clear blue Adriatic. Easy flight Hartford>Dublin>Dubrovnik. Used Booking .com for accommodations. Rented a car and drove from Cavtat...
by Lazareth
Sun Dec 20, 2020 12:54 pm
Forum: Personal Consumer Issues
Topic: Cord cutting 2020 - Youtube TV
Replies: 142
Views: 12870

Re: Cord cutting 2020 - Youtube TV

I had expected this to be about firewood.
by Lazareth
Sun Dec 20, 2020 12:53 pm
Forum: Personal Consumer Issues
Topic: What are your not free but still frugal hobbies?
Replies: 157
Views: 13603

Re: What are your not free but still frugal hobbies?

Yoga.

It's my new lifestyle (at age 66) and I feel the best in 30+ years.
by Lazareth
Sun Dec 20, 2020 12:47 pm
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12931

Re: Shopping for college

Congrat's on raising your child to this stage. I cant address your question directly but it might help to share my experience. Our 23 y/o just received her bachelor's degree from a state university and landed a good job in her field. I kept a spreadsheet of all costs. She had switched majors twice r...
by Lazareth
Fri Dec 18, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Worst Financial Decision/Mistake You Have Made?
Replies: 230
Views: 18493

Re: What is the Worst Financial Decision/Mistake You Have Made?

Options trading, before I was a Boglehead, when I still thought I could outsmart the markets.
by Lazareth
Fri Dec 18, 2020 2:41 pm
Forum: Personal Investments
Topic: Undo my 2020 Roth conversion?
Replies: 7
Views: 462

Undo my 2020 Roth conversion?

In March 2020 I converted $80K of stock funds in my traditional IRA, to my Roth IRA. I had expected that amount would fill the 12% joint income tax bracket. But earned income has been better than expected so I’ll be into the 22% bracket, for 2020, by about $20K. The “damage” from my miscalculation i...
by Lazareth
Mon Dec 14, 2020 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: We won the game…then we rolled the dice
Replies: 192
Views: 20610

Re: We won the game…then we rolled the dice

Thanks for sharing. Good saving lesson for some here who post $8-12,000 monthly household spending. There is so much room for saving and still enjoy life. Didn’t follow the 8-12k spending comment. Can you clarify? Certainly, and sorry for being unclear. My comment refers to posters in the forum in ...
by Lazareth
Mon Dec 14, 2020 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: We won the game…then we rolled the dice
Replies: 192
Views: 20610

Re: We won the game…then we rolled the dice

Thanks for sharing. Good saving lesson for some here who post $8-12,000 monthly household spending. There is so much room for saving and still enjoy life.
by Lazareth
Sun Dec 06, 2020 2:42 pm
Forum: Personal Investments
Topic: Recommendations for talking with recent college graduates
Replies: 22
Views: 1790

Re: Recommendations for talking with recent college graduates

Good of you to want to help. I'd tell them financial security starts with saving. If unwilling to save 10% to 20%+ of the paycheck and learn to live on the rest, there's nothing else to discuss. Once convinced of that, and they will see saw how much they saved in six months to a year, then you can d...
by Lazareth
Sun Nov 29, 2020 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax for 2020 Returns?
Replies: 31
Views: 3456

Re: Turbo Tax for 2020 Returns?

Looks like Turbo Tax is the preferred choice vs H&R Block, and others despite TT's higher cost. I am a longtime user of TT Deluxe. It imports all my brokerage cost basis, 1099's, and transaction information directly from Charles Schwab. I rely on it to "remember" any carry forward items.
by Lazareth
Thu Nov 26, 2020 9:01 pm
Forum: Personal Investments
Topic: What % of my stock portfolio should be stocks I love?
Replies: 33
Views: 1985

Re: What % of my stock portfolio should be stocks I love?

How about none? But seriously, since my mid-twenties I had been a pretty capable financial analyst with plenty of time and resources to investigate stocks for my retirement and taxable portfolio... hi-tech companies, biotech, energy, healthcare... growth, value, small cap...you name it. Being so sma...
by Lazareth
Tue Nov 24, 2020 2:04 pm
Forum: Personal Consumer Issues
Topic: I switched to Xfinity Mobile
Replies: 23
Views: 2409

Re: I switched to Xfinity Mobile

Nice. Switched to xfinity mobile in the spring. Went from $140 a month with ATT to $53 a month. And that’s with 2 lines and 2 new iPhone 11s they gave me a $400 credit on. Once phones are paid off, bill goes to $12/mo for 1 GB data, no line fees. Not much, but like you we are always on WiFi so usua...
by Lazareth
Mon Nov 23, 2020 9:35 pm
Forum: Personal Consumer Issues
Topic: I switched to Xfinity Mobile
Replies: 23
Views: 2409

I switched to Xfinity Mobile

My trusty iPhone 5s had been having battery issues, and being unable to use newer apps and payment cards was becoming an issue. I figured it was time. My research pointed to the iPhone SE 2020 as a nice choice so I called Verizon Wireless. I wanted to talk to a human salesperson because they would c...
by Lazareth
Sun Nov 22, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pandemic reduced our spending by 30% - How about you?
Replies: 119
Views: 8346

Re: Pandemic reduced our spending by 30% - How about you?

Yes. Postponed the vacation. Gas and restaurant way down. Grocery up a little bit, but enjoying home-cooked meals and smoothies, eating healthier... more gluten-free, less dairy. Took up beginner-yoga in May (thank you Youtube)... no equipment expense but $20 mat, no gym fees, no overworked muscles ...
by Lazareth
Fri Nov 20, 2020 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dental insurance tax deductible for sole proprietor?
Replies: 17
Views: 640

Re: Dental insurance tax deductible for sole proprietor?

I was self-employed for 30 years. I would pay the dental coverage premium just as any deductible business expense.
by Lazareth
Fri Nov 20, 2020 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: About to commit the ultimate sin; paying PMI...
Replies: 38
Views: 4513

Re: About to commit the ultimate sin; paying PMI...

I wouldn't give it a second thought. If PMI gets you into the home, do it. It's a reasonable trade-off for the lower down payment.
by Lazareth
Fri Nov 20, 2020 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or not
Replies: 70
Views: 7150

Re: Pay off mortgage or not

At age 65, in 2018, I paid mine off. While I could certainly make a financial argument against it, I am very happy with the decision. It's like adding a chunk of bonds to my AA, but better... I look at is as a guaranteed 3.75% after tax return (my mortgage rate), which is not bad for a non-stock ass...
by Lazareth
Thu Oct 29, 2020 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: medicare supp pricing
Replies: 19
Views: 1396

Re: medicare supp pricing

Try calling the local Senior Center, or Council on Aging. The one in our town has a helpful SHINE program counselor(Serving Health Information Needs of Elders). It's a Massachusetts insurance assistance program that provides free counseling and assistance to Massachusetts residents with Medicare.
by Lazareth
Wed Oct 28, 2020 7:53 pm
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 439
Views: 27822

Re: What’s “your number” for each kid’s 529?

It really is wild how many parents coddle their high school age kids then let them make a > $250,000 decision resulting in the same benefit as one that may have cost half that much.. And please don't get me wrong, it is their life, and their choice... but please for the love of all things holy make...
by Lazareth
Wed Oct 28, 2020 6:25 pm
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 439
Views: 27822

Re: What’s “your number” for each kid’s 529?

$75K each in two separate Nevada 529's when the kids were ages 8 and 10, in 2008. Turns out I over-budgeted. Oldest child just completed BS Criminal Justice for total $70K cash paid to the schools, and zero debt, and is now pursuing Master's at employer's expense. Plans to buy a home next year. How?...
by Lazareth
Sun Oct 18, 2020 4:17 pm
Forum: Personal Investments
Topic: Vanguard ETF 3-fund Portfolio through Schwab
Replies: 26
Views: 1888

Re: Vanguard ETF 3-fund Portfolio through Schwab

I built an Excel spreadsheet that totals the three funds across all five Schwab accounts, it updates shares prices each day and provides a current snapshot of my total asset allocation, it calculates the deviation from target of each fund so that I can easily make adjusting trades in the big t-IRA....
by Lazareth
Sat Oct 17, 2020 4:23 pm
Forum: Personal Investments
Topic: Vanguard ETF 3-fund Portfolio through Schwab
Replies: 26
Views: 1888

Re: Vanguard ETF 3-fund Portfolio through Schwab

Agree, that's a great outcome especially for someone with a $1.5M account not $15M. Why is that not a good outcome for someone with $15 million? You said you had a $1.5M account, right? My point is that's good service for someone with "only" a $1.5M account. I'm agreeing with you. :thumbsup
by Lazareth
Sat Oct 17, 2020 4:09 pm
Forum: Personal Investments
Topic: Vanguard ETF 3-fund Portfolio through Schwab
Replies: 26
Views: 1888

Re: Vanguard ETF 3-fund Portfolio through Schwab

Schwab customer service is outstanding. For example in 2019 at stock market highs I liquidated enough to pay off the house mortgage and at the same time adjust my AA from 60/40 to 50/50 all per my age 65 plan. The cooperation I received from Schwab was outstanding, the person was apparently familia...
by Lazareth
Sat Oct 17, 2020 3:17 pm
Forum: Personal Investments
Topic: Vanguard ETF 3-fund Portfolio through Schwab
Replies: 26
Views: 1888

Re: Vanguard ETF 3-fund Portfolio through Schwab

Schwab customer service is outstanding. For example in 2019 at stock market highs I liquidated enough to pay off the house mortgage and at the same time adjust my AA from 60/40 to 50/50 all per my age 65 plan. The cooperation I received from Schwab was outstanding, the person was apparently familia...
by Lazareth
Sat Oct 17, 2020 2:50 pm
Forum: Personal Investments
Topic: Vanguard ETF 3-fund Portfolio through Schwab
Replies: 26
Views: 1888

Re: Vanguard ETF 3-fund Portfolio through Schwab

Agreed, no problem using Vanguard funds at Schwab. But, let me take the liberty of offering my first-hand endorsement of using three Schwab funds at Schwab. In 2018, emboldened by this forum, I terminated my AUM manager Portfolio Solutions (.375% fee). Since the funds were already in our Schwab acco...
by Lazareth
Thu Sep 17, 2020 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Bypass-trust seems to be no longer feasible for inherited IRA?
Replies: 28
Views: 2143

Re: Bypass-trust seems to be no longer feasible for inherited IRA?

Regarding children as CRUT trustees: If your children are trustees, they could take trustees' commissions (fees). The charity might serve for free but they might hire someone to "manage" the assets. The charity might not want you to give each child the right to change the charity or charit...