Search found 22 matches

by NDAMERICA
Wed Feb 03, 2021 11:12 pm
Forum: Personal Investments
Topic: No more savings?
Replies: 9
Views: 1953

Re: No more savings?

So many questions; How old are you? Do you have a spouse or dependents? What are the assumptions of your simulation? How many years? Do taxes or HOA ever go up in your simulation? Are annual contributions included or is it the straight $700K only? It appears you have $40,000 extra each year to have ...
by NDAMERICA
Wed Feb 03, 2021 10:51 pm
Forum: Personal Investments
Topic: Question about trading/not investing
Replies: 29
Views: 1704

Re: Question about trading/not investing

OP is a brave soul for bringing that idea to this forum. I think of Bogleheads as doing something similar as a hobby/for fun, but in a different way. For instance, how can I spend just a little bit of time and increase performance by reducing my taxes or drive efficiency in my portfolio? You get to ...
by NDAMERICA
Wed Feb 03, 2021 10:38 pm
Forum: Personal Investments
Topic: 34(Him) and 33(Her) Portfolio Update - sizable inheritance
Replies: 52
Views: 4674

Re: 34(Him) and 33(Her) Portfolio Update - sizable inheritance

A few thoughts: 1) You are doing great - congrats. 2) Agree and apply an asset allocation you are comfortable with for each category of investments you have: Pre-Tax Retirement, Post-Tax Retirement, Taxable Acct, 529 acct. Then start moving assets to meet that AA in a tax efficient manner. 3) Consid...
by NDAMERICA
Wed Feb 03, 2021 10:18 pm
Forum: Personal Investments
Topic: Tax strategy for moving to a Bogle portfolio
Replies: 3
Views: 354

Re: Tax strategy for moving to a Bogle portfolio

I am in the process of doing this myself, in the later stages thankfully. The biggest watch out here is taxes of course. In a taxable account selling appreciated mutual funds will create a taxable event. Thankfully for me, I had a fair number of underperforming funds or individual stocks that had ga...
by NDAMERICA
Mon Jan 18, 2021 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Advice to Avoid/Minimize MA Estate Tax
Replies: 60
Views: 3316

Re: Advice to Avoid/Minimize MA Estate Tax

20% estate tax rate is high, but I would guess your child would still inherit more if you stayed the course depending on how old you are now. Other idea: load grandkids, or anyone else for that matter, with 529 money every year from your after tax account. Can be passed to their heirs and their heir...
by NDAMERICA
Sat Aug 08, 2020 7:08 am
Forum: Personal Consumer Issues
Topic: New hybrid SUV? Talk me into/out of it
Replies: 33
Views: 2829

Re: New hybrid SUV? Talk me into/out of it

Plan is definitely solid. I would just write a check for it, no need to borrow money in this situation.
by NDAMERICA
Thu Jul 02, 2020 9:45 pm
Forum: Personal Consumer Issues
Topic: Need home printer suggestions
Replies: 29
Views: 1526

Need home printer suggestions

Another printer has unceremoniously died. I paid a premium for this Epson Eco-tank version, hoping it would take the sting out of ink costs. My last ditch effort included cleaning the printer heads with a solution. The patient can not be saved. There are no signs of life. Buy cheap, buy expensive, i...
by NDAMERICA
Sat Jun 20, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-Misc Income and Roth IRA contributions
Replies: 7
Views: 514

Re: 1099-Misc Income and Roth IRA contributions

It’s all in box 7, nonemploymemt compensation.
by NDAMERICA
Sat Jun 20, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-Misc Income and Roth IRA contributions
Replies: 7
Views: 514

Re: 1099-Misc Income and Roth IRA contributions

Thanks for the responses. My son had no expenses to speak of, he was just helping a non-profit during fall semester. They paid him $1,000 for his trouble. The good news is the vast majority of this income is Roth IRA eligible.
by NDAMERICA
Fri Jun 19, 2020 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-Misc Income and Roth IRA contributions
Replies: 7
Views: 514

1099-Misc Income and Roth IRA contributions

My college age son made less than $6,000 as a college student last year. $1,000 of that income was 1099-Misc income and the remainder was W2 income. I want to maximize his Roth IRA contribution but I'm not sure I can contribute to his Roth IRA in a dollar-for-dollar fashion on 1099 income like I can...
by NDAMERICA
Mon May 18, 2020 9:10 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4318

Re: Vault Safe in the attic; welded, anyone ?

Could someone with a decent hack saw cut off the metal beams where they extend beyond the safe?

I agree that excess weight in your attic would be the greater concern.
by NDAMERICA
Tue Apr 07, 2020 9:38 pm
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 164
Views: 9994

Re: How do you maximize enjoyment after achieving FI?

I would say the goal would be to lead a meaningful life, not a happy one.

Also, you’re so young, what about a nice long walk to get perspective like the Appalachian trail or the Pacific Coast Trail. I might be too old for such things now.
by NDAMERICA
Sat Mar 28, 2020 7:00 am
Forum: Personal Consumer Issues
Topic: Need a cheaper cell phone plan
Replies: 79
Views: 7105

Re: Need a cheaper cell phone plan

Thanks for all the great responses. There was so much I didn't know about this. Let me tell you what I did do in case it is helpful to anyone. First I bought two new iphones (iphone 8s) to replace the ancient ones my DW and I had. I bought them from the Apple website, mailed to my home and they were...
by NDAMERICA
Sun Mar 01, 2020 6:47 pm
Forum: Personal Consumer Issues
Topic: Need a cheaper cell phone plan
Replies: 79
Views: 7105

Need a cheaper cell phone plan

I find cell phones one of the more complicated categories to purchase - just gets confusing fast with plans and phone and varying start dates and now a merger between Sprint and T-mobile coming. Anyway, I have 6 iphones of various types and ages on a Sprint plan and it's close to $325/month. Persona...
by NDAMERICA
Wed Feb 19, 2020 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: College Student Starting a Business
Replies: 4
Views: 335

College Student Starting a Business

My son is super handy with computers, photo/video and social media. He wants to start an official side hustle and see where this takes him, probably an LLC. This could be be the beginning of something big or amount to a whole lot of nothing, we’ll see. What advice would you give the lad?
by NDAMERICA
Wed Feb 19, 2020 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off car loan or invest
Replies: 15
Views: 1006

Re: Pay off car loan or invest

Pay off the loans and don’t go in debt again. If your employer requires certain types of cars, find an honest used car dealer who deals in these types of cars and put them to work on your behalf. My lawyer has found such a dealer who sells 1-2 year old cars at a pretty decent price - WAY cheaper tha...
by NDAMERICA
Sun Feb 16, 2020 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Lots of big financial decisions to make in short time | please help navigate
Replies: 17
Views: 2243

Re: Lots of big financial decisions to make in short time | please help navigate

Honestly, I'd get after that debt right now and downscale your idea of a car, house and wedding. After debt is gone, which should be soon, cash flow your next priority/priorities. Gently used civic or corolla will be just fine. Trying to do too much at once clouds the mind.
by NDAMERICA
Sun Feb 16, 2020 8:31 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman is my guest on this "Bogleheads on Investing" podcast
Replies: 137
Views: 10565

Re: Paul Merriman is my guest on this "Bogleheads on Investing" podcast

Paul is a very nice man but I was not convinced either. A seasoned prop advocating for "market timing" - I thought I was in an alternative universe. Rick was kind to hear him out and not destroy him - I know he could have.
by NDAMERICA
Sun Feb 16, 2020 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Sending Tax Documents Securely
Replies: 14
Views: 1167

Re: Sending Tax Documents Securely

Fidsafe.com is free to everyone to use. You can store sensitive documents. You can also grant access to specific documents to specific individuals. It is literally the greatest thing. It is not advertised much though. I'd be curious how it goes for a new user. Maybe I am missing something, but I don...
by NDAMERICA
Sun Feb 10, 2019 9:45 pm
Forum: Personal Investments
Topic: Marital Trust - Income Not Wanted
Replies: 2
Views: 453

Marital Trust - Income Not Wanted

OK, I'm managing the investments within a marital trust for an 80 year old widower who has 3 investments within the marital trust; a life insurance contract, land, and $225,000. Currently no income is generated so no tax return needs to be filed for the marital trust. Annual income would be a nuisan...
by NDAMERICA
Mon Jan 07, 2019 10:38 pm
Forum: Personal Investments
Topic: In Need of (Real) Financial Advice
Replies: 14
Views: 1712

Re: In Need of (Real) Financial Advice

Stash away 3-6 months of expenses for a rainy day fund in case of job loss or other unfortunate life events. Once you have done that than worry about sustainable levels of savings for kid's college/funding retirement/paying off your house. Monthly budgeting is key. It's OK to spend money too. I fear...