Search found 562 matches

by csmath
Sun Jun 06, 2021 11:03 pm
Forum: Personal Consumer Issues
Topic: Moving hardwood floors
Replies: 12
Views: 1549

Re: Moving hardwood floors

We are planning to remove a wall in our house in the near future where floors need to be fixed after the wall removal. The house has a large mudroom with the same wood floor as the rest of the house and I am planning to replace it with tiles. Would it be possible to take the wood floor from the mud...
by csmath
Tue Jun 01, 2021 5:31 pm
Forum: Personal Consumer Issues
Topic: Brushed vs brushless drill/impact driver
Replies: 59
Views: 4298

Re: Brushed vs brushless drill/impact driver

RIDGID has a brushless driver/drill combo package at Home Depot with a lifetime warranty. They work great. Fantastic line up for their battery operated power tools. I got into woodworking last year when Covid started. It's a great hobby. It's unfortunate lumbar prices are so high right now though T...
by csmath
Wed May 19, 2021 5:02 pm
Forum: Investing - Theory, News & General
Topic: The New Fidelity iOS Beta Trading Experience
Replies: 7
Views: 1297

Re: The New Fidelity iOS Beta Trading Experience

I like the new design and UI, but dislike this new trend of removing x and y axis labels from graphs. https://i.imgur.com/dfMN96x_d.webp?maxwidth=300&fidelity=grand I couldn't find a way to get the labels back, so I turned off the beta for now. Hope they make it customizable. Totally agree abou...
by csmath
Fri May 14, 2021 9:41 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency investors should be prepared to lose all their money - Bank of England
Replies: 101
Views: 10127

Re: Cryptocurrency investors should be prepared to lose all their money - Bank of England

I was going to post this in the "Crypto Mania" thread that got locked because it fit in with my question about leverage. I ran into this advertisement a few minutes ago and thought some would find it interesting. 1:100 leverage trade with PrimeXBT Here you’d only have to pay 1% of your $10...
by csmath
Fri May 14, 2021 10:53 am
Forum: Investing - Theory, News & General
Topic: Crypto mania !
Replies: 750
Views: 36081

Re: Crypto mania !

*color emphasis is mine* I know things get contentious in crypto threads, so please read this as an honest question with no bad intentions. If we are talking about people in poor financial conditions then aren't we talking about people who have a high likelihood of not actually being able to pay th...
by csmath
Fri May 14, 2021 10:24 am
Forum: Investing - Theory, News & General
Topic: Crypto mania !
Replies: 750
Views: 36081

Re: Crypto mania !

That being the case, can you explain to me who in their right mind would prefer to borrow crypto at a rate of 8, 10 or 12% at at time when fiat interest rates have never been lower? If The USDC stablecoin is actualy backed by dollars 1 for 1, why wouldn't you just borrow in dollars in the first pla...
by csmath
Wed May 12, 2021 2:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23481
Views: 3065938

Re: U.S. stocks in free fall

You rarely really know what drives a sell-off because every seller has a different reason to sell. But the big news today is CPI. And sellers are not always rational. Big sell offs occur when tax proposals are made by the President when Congress sets the taxes. "Sell in May, go away".... ...
by csmath
Mon May 10, 2021 1:43 pm
Forum: Investing - Theory, News & General
Topic: Crypto mania !
Replies: 750
Views: 36081

Re: Crypto mania !

I REALLY don't want to start another thread for this... so asking here. Why would a fairly intelligent person that I know be so convinced that Cardano is the real future of crypto? They were extremely confident, stating, "I can tell you everything about it and have studied it in detail, it isn...
by csmath
Mon May 10, 2021 1:21 pm
Forum: Investing - Theory, News & General
Topic: Crypto mania !
Replies: 750
Views: 36081

Re: Crypto mania !

I REALLY don't want to start another thread for this... so asking here. Why would a fairly intelligent person that I know be so convinced that Cardano is the real future of crypto? They were extremely confident, stating, "I can tell you everything about it and have studied it in detail, it isn'...
by csmath
Tue May 04, 2021 9:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23481
Views: 3065938

Re: U.S. stocks in free fall

So, now that we have the Bloomberg headline, "Yellen Clarifies Inflation Remark, Sees No Need for Fed to Hike" will everything reverse tomorrow from what happened today? Futures as of now don’t seem inclined to reverse. They’re flat right now. Of course, it’s more than 14 hours until the ...
by csmath
Tue Apr 27, 2021 9:51 am
Forum: Personal Investments
Topic: Market correction
Replies: 36
Views: 5244

Re: Market correction

Argument from past failed predictions is very weak in my opinion. It is possible to find all kinds of absurd things all kinds of people have been saying about all kinds of subjects forever. That doesn't mean that everything everyone says about a subject is wrong. I mean, this is obviously true, exc...
by csmath
Sun Apr 25, 2021 9:10 am
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18412

Re: "Mortgage is a negative bond" - please help me understand

But I go back to the "so what"? Are people suggesting I do a different stock/bond mix to adjust my risk? I consider investment mix 1 decision. Then, your housing and lifestyle is a different risk/cost decision. The negative bond stuff just sounds like distraction. The "so what" ...
by csmath
Fri Apr 23, 2021 1:48 pm
Forum: Personal Consumer Issues
Topic: Possible Mold on Bathroom Ceiling
Replies: 27
Views: 2032

Re: Possible Mold on Bathroom Ceiling

Take cold showers, problem solved and you save money :D On a more serious note, you've been given good advice about: Checking for leaks in attic Run fan for a while after shower (5 minutes might even be too short.. hook it up to a timer?) Use of cleaning solutions I would add, that if the paint appe...
by csmath
Fri Apr 23, 2021 1:33 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 215
Views: 17174

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

One of the issues with student loan debt in the US is that in the recent past there was a push that all students should go to 4 year universities and it became a performance statistic for high schools to brag about. What ended up happening is that an enormous amount of students were told they were p...
by csmath
Fri Apr 23, 2021 1:07 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 215
Views: 17174

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

stoptothink wrote: Wed Apr 21, 2021 12:07 pm...once you get really good at something and are highly valued for it, you begin to enjoy it more, while often your personal passion can make a terribly unsatisfying career.
This is a real diamond hiding in this thread.
by csmath
Thu Apr 22, 2021 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help with pension choice calculation
Replies: 19
Views: 1353

Re: Help with pension choice calculation

What kind of pension are we talking about here? Federal, State, Local, private? Any idea how well funded the pension is?
by csmath
Thu Apr 22, 2021 3:35 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18412

Re: "Mortgage is a negative bond" - please help me understand

But I go back to the "so what"? Are people suggesting I do a different stock/bond mix to adjust my risk? I consider investment mix 1 decision. Then, your housing and lifestyle is a different risk/cost decision. The negative bond stuff just sounds like distraction. The "so what" ...
by csmath
Wed Apr 21, 2021 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153570

Re: "Nobody's ever regretted paying off the mortgage."

How does a 30 year mortgage have a duration of 12 years and 15 year mortgage a duration of 7 years? Because when you pay off a mortgage, you eliminate payments every month. This gives the same benefit as buying a bond portfolio which makes the same payment every month for the mortgage term. The fir...
by csmath
Wed Apr 21, 2021 12:38 am
Forum: Investing - Theory, News & General
Topic: Historic Mortgage and CD Rate Database?
Replies: 3
Views: 397

Re: Historic Mortgage and CD Rate Database?

Maybe FRED will help? https://fred.stlouisfed.org/categories/114 (mortgages) https://fred.stlouisfed.org/categories/121 (CDs, although it doesn't seem to go beyond 6 month maturity, and most of the series have been discontinued) The mortgages from FRED is perfect thanks. I think I can make the CD i...
by csmath
Tue Apr 20, 2021 3:10 pm
Forum: Investing - Theory, News & General
Topic: Historic Mortgage and CD Rate Database?
Replies: 3
Views: 397

Historic Mortgage and CD Rate Database?

Sorry for being lazy about this, but does anyone have a handy source for looking at historic CD rates and Mortgage rates? I'm looking to run a simulation that compares long term results of paying off a mortgage vs using zero risk CD's. I was thinking of using the data for a declining rate environmen...
by csmath
Tue Apr 20, 2021 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153570

Re: "Nobody's ever regretted paying off the mortgage."

Can't live in an S&P 500 fund. And since no one can predict the market, there's nothing that says the S&P can't go bear for a lengthy time. On the other hand, I can live in this paid off home for the rest of my life and not care about its value whatsoever. Housing is a basic need, and when ...
by csmath
Mon Apr 19, 2021 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?
Replies: 124
Views: 12803

Re: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?

My head is spinning around this now. Here is our situation, if anyone can tell me whether we should max out the $10,500 that would be great. We've already elected to contribute $5000 to DCFAS. Married Filing jointly. Pa tax 3. 07% Have to Pay FICA 2020 tax year AGI $172,000 (that's after the DCFAS ...
by csmath
Mon Apr 19, 2021 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153570

Re: "Nobody's ever regretted paying off the mortgage."

There is a 100% probability that a 60/40 portfolio will return more than 2.75% nominal over a 30 year period. I'm not sure how you argue otherwise. Once we agree on that, then we can introduce other variables. I'm pretty incapable by nature of agreeing that anything is 100% but I concede the point ...
by csmath
Mon Apr 19, 2021 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153570

Re: "Nobody's ever regretted paying off the mortgage."

There is a 100% probability that a 60/40 portfolio will return more than 2.75% nominal over a 30 year period. I'm not sure how you argue otherwise. Once we agree on that, then we can introduce other variables. I'm pretty incapable by nature of agreeing that anything is 100% but I concede the point ...
by csmath
Mon Apr 19, 2021 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153570

Re: "Nobody's ever regretted paying off the mortgage."

I'll just post this again so we don't lose sight of the non-emotional side of the equation. Anyone paying cash for a house today with the 30 year fixed rate @ 2.75% is going to lose money over 30 years. A lot of money. https://www.forestriverforums.com/forums/members/140841-albums3520-picture21486....
by csmath
Mon Apr 19, 2021 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 1296
Views: 153570

Re: "Nobody's ever regretted paying off the mortgage."

I find it interesting that many say that paying off a mortgage early is only done for emotional reasons, but the same people seldom or never question young investors who have 40% or more of their investments in fixed income due to their risk tolerance. Those two things seem consistent to me. Paying...
by csmath
Thu Apr 15, 2021 6:14 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 262
Views: 33368

Re: Anyone else hoarding cash right now?

Do these charts give anyone pause and make you want to slow down your contributions at the moment? ... https://www.currentmarketvaluation.com/images/2021-04-09-PE-5-SP500ColorCodedPEBands-890@2x.png https://www.currentmarketvaluation.com/models/price-earnings.php I like finding patterns. It looks l...
by csmath
Mon Apr 12, 2021 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: daycare FSA vs. child and dependent care tax credit
Replies: 2
Views: 297

Re: daycare FSA vs. child and dependent care tax credit

Hi there, I was just wondering if anyone has come across a calculator or formula to figure out the changes to dependent care FSA limits (now up to $10,500, previously $5k) versus the changes in the child and dependent care tax credit. I know I can't double dip, so I am trying to figure out the best...
by csmath
Sat Apr 10, 2021 3:50 pm
Forum: Personal Investments
Topic: Dependent Care FSA - American Rescue Plan - CONFUSED!!!
Replies: 3
Views: 286

Re: Dependent Care FSA - American Rescue Plan - CONFUSED!!!

You absolutely want to max the DCFSA. Your income level is deep into the phaseout of the DC Tax Credit and you will save much more per dollar spent by avoiding the taxes via FSA. Edit to add: If your wife's plan allows for the increased limit, and you are sure your DC expenses are high enough, elect...
by csmath
Sat Apr 10, 2021 3:03 pm
Forum: Investing - Theory, News & General
Topic: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?
Replies: 108
Views: 13195

Re: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?

One of the things that has allowed Elon's companies to progress so much is the enormous influx of funding coupled with the attitude and innovative relationships they have with their suppliers. I don't want to get into the details but his companies know that many of their suppliers are the best in t...
by csmath
Sat Apr 10, 2021 2:29 pm
Forum: Investing - Theory, News & General
Topic: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?
Replies: 108
Views: 13195

Re: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?

One of the things that has allowed Elon's companies to progress so much is the enormous influx of funding coupled with the attitude and innovative relationships they have with their suppliers. I don't want to get into the details but his companies know that many of their suppliers are the best in t...
by csmath
Sat Apr 10, 2021 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 5131

Re: Do budgets work?

Yes budgets work. They don't actually DO it for you, but for many, simply making a budget and tracking expenses can be eye opening. This might not apply to most Bogleheads, but I'd imagine many people really have no idea where all their money goes. They think they do, but if they wrote everything do...
by csmath
Sat Apr 10, 2021 12:39 am
Forum: Investing - Theory, News & General
Topic: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?
Replies: 108
Views: 13195

Re: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?

One of the things that has allowed Elon's companies to progress so much is the enormous influx of funding coupled with the attitude and innovative relationships they have with their suppliers. I don't want to get into the details but his companies know that many of their suppliers are the best in th...
by csmath
Thu Apr 08, 2021 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: New child, dependent care FSA or Child and Dependent Care Credit?
Replies: 6
Views: 567

Re: New child, dependent care FSA or Child and Dependent Care Credit?

FSA is usually slightly better but has the risk of not being used. Since the credit is almost as good, I would do the FSA only for funds you absolutely 100% know are going to be spent. This is usually correct but under the new changes I would argue it is completely the opposite now. The DC Tax Cred...
by csmath
Thu Apr 08, 2021 10:57 pm
Forum: Personal Investments
Topic: Delay doing Roth conversions in crazy high market?
Replies: 8
Views: 1194

Re: Delay doing Roth conversions in crazy high market?

the market is crazy high To be direct... you don't know what you think you know. Do you really think that your statement is true? Because that means you think that out of all the traders who do price discovery, that they are wrong and you are right. Does it just feel high to you? It feels high to m...
by csmath
Thu Apr 08, 2021 7:06 pm
Forum: Personal Investments
Topic: Sidedoor Roth
Replies: 36
Views: 2503

Re: Sidedoor Roth

I can imagine the feeling of buying an absurdly overpriced share / option that you think is yours only to find out you bought someone else's. Is there really a way to locate specific shares and/or options like described above?
by csmath
Wed Apr 07, 2021 11:27 pm
Forum: Personal Investments
Topic: 0.65% on a 9 month CD, is there anything better for now?
Replies: 9
Views: 1831

Re: 0.65% on a 9 month CD, is there anything better for now?

I'm getting 3% on savings account at HM Bradley. It's on up to $100k. Some hoops to go through to get the rate, but it's the best I've seen on that high a balance. HM Bradley seems like a reasonable option if your not actually withdrawing from the account but I believe OP uses this account for shor...
by csmath
Tue Apr 06, 2021 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?
Replies: 124
Views: 12803

Re: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?

I have another question for you to peer-review. Does the formula change if you have only one child? Yes. If you have 1 child and your total expenses are over the $8,000 then it may be better to take the smaller percentage of a larger amount (higher limit). Other facts: expenses of $11,773 minimum F...
by csmath
Mon Apr 05, 2021 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?
Replies: 124
Views: 12803

Re: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?

Edit: Scratch this... I assume this is the reason for the mea culpa on your other posts. Leaving the picture because I spent far too long on it. Yes, it was embarrassing. I was forgetting to tax the additional "AGI" as you put it. Once that was fixed the formula became trivial. Here is th...
by csmath
Sun Apr 04, 2021 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Illinois State Tax Loophole? What am I missing?
Replies: 74
Views: 9474

Re: Illinois State Tax Loophole? What am I missing?

Yes, but what is the deduction removing from the AGI? The $6,000 TIRA contribution or the $6,000 retirement income? The answer is that it is removing the contribution. The retirement income created in the conversion is still included in the AGI. Beautiful! You are awesome!! Nope. This is where the ...
by csmath
Sun Apr 04, 2021 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Illinois State Tax Loophole? What am I missing?
Replies: 74
Views: 9474

Re: Illinois State Tax Loophole? What am I missing?

My 1099-R from Vanguard clearly states $6000 is taxable distributions, but not taxed at federal level - 4b as it was already taxed to start with while contributing to IRA ( I could say it is not deductible contribution). I could file IL return by deducting $6000 with 1099R. I dont know whether I'll...
by csmath
Sun Apr 04, 2021 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Illinois State Tax Loophole? What am I missing?
Replies: 74
Views: 9474

Re: Illinois State Tax Loophole? What am I missing?

As per IL, IRA distribution is not taxable if it is included in the AGI - line 11 in 2020., 8b in 2019 form. But schedule 1 deduction kicks in BEFORE calculating AGI. Yes, but what is the deduction removing from the AGI? The $6,000 TIRA contribution or the $6,000 retirement income ? The answer is t...
by csmath
Sun Apr 04, 2021 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Illinois State Tax Loophole? What am I missing?
Replies: 74
Views: 9474

Re: Illinois State Tax Loophole? What am I missing?

I understand what you are saying about federal AGI. I could take a deduction now and then in retirement age take the distribution. I would still not pay IL income tax on that money. I could really make the contribution in December and convert the following January and they wouldn't then be on the s...
by csmath
Sat Apr 03, 2021 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Illinois State Tax Loophole? What am I missing?
Replies: 74
Views: 9474

Re: Illinois State Tax Loophole? What am I missing?

Line 4b is what matters for IL, not 4a. Lets say someone do backdoor Roth, ( contributes $6000 to tIRA and then converts the entire amount, $6000 to Roth IRA ), taxable amount is 0. What do you mean the taxable amount is 0? It is definitely taxed Federally and can be taxed in IL also if any portion ...
by csmath
Sat Apr 03, 2021 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Illinois State Tax Loophole? What am I missing?
Replies: 74
Views: 9474

Re: Illinois State Tax Loophole? What am I missing?

I have gone through this thread. I also looked at the other thread. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=86262&hilit=ILLINOIS&start=100 I can see some ambiguity about deducting IRA distribution in IL return. For someone who is above the AGI limit, this loophole doesn't ...
by csmath
Thu Apr 01, 2021 10:05 pm
Forum: Investing - Theory, News & General
Topic: Monthly or Yearly Withdrawals in Retirement
Replies: 39
Views: 4133

Re: Monthly or Yearly Withdrawals in Retirement

This question I suppose concerns a corollary of dollar cost averaging. I've seen the posts that lump sum investing seems to perform better than dollar cost averaging. But how about when it comes time to make withdrawals during retirement? Is it better to take a lump sum once per year or take withdr...
by csmath
Sat Mar 27, 2021 8:47 pm
Forum: Personal Investments
Topic: Backdoor Roth IRA contribution declaration in Turbotax
Replies: 13
Views: 712

Re: Backdoor Roth IRA contribution declaration in Turbotax

I am filing my taxes and wanted to know where I should be declaring the backdoor Roth contribution. I used a rollover account to make a contribution and then moved it to Roth IRA for 2020. While filing my taxes I choose traditional contribution 6000,converted to Roth IRA and then followed the promp...
by csmath
Wed Mar 24, 2021 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?
Replies: 124
Views: 12803

Re: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?

I'm trying to figure out what will make the most sense for me, if someone could help. It's difficult to know my AGI for 2021 because my wife is currently furloughed. Last year our AGI came in at 148K with my wife furloughed from March through December, collecting unemployment. My wife is still coll...
by csmath
Tue Mar 23, 2021 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?
Replies: 124
Views: 12803

Re: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?

I'm trying to figure out what will make the most sense for me, if someone could help. It's difficult to know my AGI for 2021 because my wife is currently furloughed. Last year our AGI came in at 148K with my wife furloughed from March through December, collecting unemployment. My wife is still coll...
by csmath
Tue Mar 23, 2021 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?
Replies: 124
Views: 12803

Re: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?

Just found this thread...read all the posts and am still confused. Here's my situation: MFJ and AGI is around $250k. 24% Fed/5.75% State. 3 kids. By the calc I quickly did, I thought we might be better off sticking with the current $5k DCFSA contribution in 2021. Then I read a previous post of some...