Search found 1315 matches

by SnowBog
Fri May 14, 2021 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: what to do if USPS lost my certified mailing of IRS return?
Replies: 48
Views: 3696

Re: what to do if USPS lost my certified mailing of IRS return?

Your return is probably not lost. USPS and the IRS are struggling right now trying to process all the mail and returns. I sent my 2019 tax return by mail in February 2020 with a check enclosed. The check was cashed within a few weeks. I went to IRS.gov continuously to see the status but it showed n...
by SnowBog
Thu May 13, 2021 8:46 pm
Forum: Investing - Theory, News & General
Topic: $365 billion wiped off cryptocurrency market after Musk tweet
Replies: 108
Views: 8431

Re: $365 billion wiped off cryptocurrency market after Musk tweet

That $365 Billion wasn't there to begin with. It's just a bunch of 0s and 1s on some people's hard disks. The form something takes is irrelevant. Money in your bank account is just 0s and 1s on some bank's' computers. Equity shares you own are just 0s and 1s on some brokerage's/custodian's computer...
by SnowBog
Thu May 13, 2021 2:48 pm
Forum: Investing - Theory, News & General
Topic: $365 billion wiped off cryptocurrency market after Musk tweet
Replies: 108
Views: 8431

Re: $365 billion wiped off cryptocurrency market after Musk tweet

Crypto is not an “indexable” security as is, at least for us boglehead / buy and hold folks. Can you elaborate? Yes, there isn't an easily purchasable TSM for crypto, but I just DIYed my own index. And I have the same thoughts as those who try to build their own S&P 500 (or similar) index... I ...
by SnowBog
Wed May 12, 2021 10:00 pm
Forum: Personal Consumer Issues
Topic: Windows 10 + Chrome = Slow and Sluggish
Replies: 90
Views: 3624

Re: Windows 10 + Chrome = Slow and Sluggish

I generally buy low spec inexpensive laptops. I doubt any of my (non-work) devices have more than 4GB RAM. Some of the older devices (now at in-laws) still have mechanical drives.

Excessive disk usage [when idle] is a sign something else is going on...
by SnowBog
Wed May 12, 2021 9:55 pm
Forum: Personal Consumer Issues
Topic: Windows 10 + Chrome = Slow and Sluggish
Replies: 90
Views: 3624

Re: Windows 10 + Chrome = Slow and Sluggish

if you found the cause and stopped them already then that works too. Removing One Drive and Cortana have helped greatly. I never used them anyway. It still accesses the HD when idle but I think that's just Windows being Windows. Now the HD has settled down and it's tolerable. No, that is not Window...
by SnowBog
Wed May 12, 2021 8:56 pm
Forum: Personal Investments
Topic: I sold off all my (modest) crypto holdings this morning
Replies: 87
Views: 10306

Re: I sold off all my (modest) cryto holdings this morning

Dunning-Kruger effect is pretty strong in these crypto threads. And from a board who's motto is "nobody knows nuthin", no less! I suppose that only applies to areas that bogleheads know a bit about. Well, one bogleheadism is "don't invest in things you don't understand". I suspe...
by SnowBog
Wed May 12, 2021 7:25 pm
Forum: Personal Consumer Issues
Topic: Windows 10 + Chrome = Slow and Sluggish
Replies: 90
Views: 3624

Re: Windows 10 + Chrome = Slow and Sluggish

If one's on SSD then of course this issue won't manifest, because SSD is 5x faster than HDD. The OP needs to add RAM (with HDD) or upgrade to SSD, or both. Win 10/Chrome shouldn't be that taxing... And assuming this is a "new" problem, I suspect something other than hardware. That said, a...
by SnowBog
Wed May 12, 2021 6:45 pm
Forum: Personal Consumer Issues
Topic: Windows 10 + Chrome = Slow and Sluggish
Replies: 90
Views: 3624

Re: Windows 10 + Chrome = Slow and Sluggish

If one's on SSD then of course this issue won't manifest, because SSD is 5x faster than HDD. The OP needs to add RAM (with HDD) or upgrade to SSD, or both. Win 10/Chrome shouldn't be that taxing... And assuming this is a "new" problem, I suspect something other than hardware. That said, a...
by SnowBog
Wed May 12, 2021 6:20 pm
Forum: Personal Consumer Issues
Topic: Windows 10 + Chrome = Slow and Sluggish
Replies: 90
Views: 3624

Re: Windows 10 + Chrome = Slow and Sluggish

..Under Linux the HD isn't so hyperactive. Likewise with Windows 7; no constant HD activity. This leads me to think that Windows 10 has become so resource-hungry that this is the result. Spending $$$ for a whole new mobo, CPU and SSD's just to get Windows 10 to settle down seems ridiculous. Also as...
by SnowBog
Wed May 12, 2021 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: best order of withdrawal of retirement accounts.
Replies: 21
Views: 2302

Re: best order of withdrawal of retirement accounts.

I'd take a look at articles like this https://www.marketwatch.com/story/heres-the-formula-for-paying-no-federal-income-taxes-on-100000-a-year-2019-11-22 as well as similar threads on here about having roughly $100k in "income" without federal taxes. That will give you an idea that you migh...
by SnowBog
Wed May 12, 2021 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: How did you figure out what to Retire TO?
Replies: 51
Views: 3169

Re: How did you figure out what to Retire TO?

Those that say you need to retire TO something are treating retirement too much like a job. I'm doing in retirement what just comes naturally and enjoying it very much. I never worried much about what I was retiring to. . Totally agree. This retire "to" something sounds ridiculous, frankl...
by SnowBog
Wed May 12, 2021 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bank error in my favor
Replies: 32
Views: 3101

Re: Bank error in my favor

Don't touch the money!!! There was a recent article about something similar, and the person spent the money (and there was no way to pay it back). They were being sued and I belive criminal charges were made as well. That said, has it been less than 2 business days? I've seen a few double postings o...
by SnowBog
Wed May 12, 2021 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Seller wants to back out contract
Replies: 46
Views: 5279

Re: Seller wants to back out contract

Not specific to your circumstances, but we bought our house 20+ years ago in another "hot" market. We'd been trying/failing to buy a place for 2+ years. Houses were selling quickly and for more than the asking price... We happened to find out the sellers were moving to a new condo that was...
by SnowBog
Wed May 12, 2021 12:05 pm
Forum: Personal Investments
Topic: How to transition my portfolio towards a more efficient portfolio?
Replies: 38
Views: 3603

Re: How to transition my portfolio towards a more efficient portfolio?

I think what you have is a really good basic model that's hopefully easy for you/others to understand. But sadly, taxes are rarely that simple... Maybe not applicable to you, but for any others that find this post... There are more brackets than what is shown. There are also things like NIIT which k...
by SnowBog
Wed May 12, 2021 11:54 am
Forum: Personal Finance (Not Investing)
Topic: How did you figure out what to Retire TO?
Replies: 51
Views: 3169

Re: How did you figure out what to Retire TO?

OP, I'm in the same boat as you it seems... While work "isn't my life" - it has consumed so much of my life to advance my skills and as a result my career has progressed nicely. And while I'm lucky enough to have had a few recent vacations where I could actually "unplug" and spen...
by SnowBog
Wed May 12, 2021 10:03 am
Forum: Personal Investments
Topic: How to transition my portfolio towards a more efficient portfolio?
Replies: 38
Views: 3603

Re: How to transition my portfolio towards a more efficient portfolio?

I'm not SnowBog, but I think you have the right idea for the types of income that apply to you. I don't know if there is actually a thing called "qualified income", but it is clear what you intend with that term. "Capltal gains" should be "long term capital gains" beca...
by SnowBog
Tue May 11, 2021 10:28 pm
Forum: Personal Consumer Issues
Topic: IRS tax return mail lost / identity theft?
Replies: 25
Views: 2175

Re: IRS tax return mail lost / identity theft?

Thanks for the update!

I sent mine in before your post, and am still waiting... But good to see there is movement...
by SnowBog
Tue May 11, 2021 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: I See no Path Forward Financially
Replies: 99
Views: 10898

Re: I See no Path Forward Financially

As others noted, I suspect you are doing much better than you think. I just looked back, and we (married young) had about $2k saved between us starting out (but had a negative net worth due to school loans, etc.). Slow and steady can do amazing things. A few random thoughts. You mentioned a retireme...
by SnowBog
Tue May 11, 2021 6:42 pm
Forum: Personal Investments
Topic: Preparing to RE - looking for advice on best preparatory steps
Replies: 20
Views: 1947

Re: Preparing to RE - looking for advice on best preparatory steps

Only thing I'd re-enforce from my prior post (but now where I can easily add links) - assuming you have "extra" savings going into taxable right now - for your remaining working years - look into Backdoor Roth https://www.bogleheads.org/wiki/Backdoor_Roth and if your plan supports it Mega ...
by SnowBog
Tue May 11, 2021 6:14 pm
Forum: Personal Investments
Topic: VTI vs. SCHB
Replies: 13
Views: 1954

Re: VTI vs. SCHB

As a reminder - funds have their own "price". So if you are comparing the $ change - a fund that has a higher "price" is going to look more volatile (when looking at the $). But if you compare in % - they should be nearly identical. As an example, as of the time of this post: VTI...
by SnowBog
Mon May 10, 2021 11:08 pm
Forum: Personal Investments
Topic: Preparing to RE - looking for advice on best preparatory steps
Replies: 20
Views: 1947

Re: Preparing to RE - looking for advice on best preparatory steps

Overall, looks like you are doing great! We are 45, with less saved, but on a similar path. Couple of other thoughts: Double check to make sure you are making any "catch up" contributions since you are 50+. I don't recall seeing an HSA mentioned. If eligible, start one ASAP! Recommend look...
by SnowBog
Mon May 10, 2021 10:19 pm
Forum: Personal Investments
Topic: Preparing to RE - looking for advice on best preparatory steps
Replies: 20
Views: 1947

Re: Preparing to RE - looking for advice on best preparatory steps

3. I have no idea on the health care - probably a high-deductible ACA plan. For many, myself included, healthcare in early retirement is a major variable. If you haven't yet, recommend pricing out insurance plans from Healthcare.gov (or your state health exchange if applicable). I'm using roughly $...
by SnowBog
Mon May 10, 2021 10:09 pm
Forum: Personal Investments
Topic: Preparing to RE - looking for advice on best preparatory steps
Replies: 20
Views: 1947

Re: Preparing to RE - looking for advice on best preparatory steps

6. Regarding trust we have no unusual scenarios other than FOMO (is there some tax avoidance?). I am pretty sure if I talk to a lawyer they will tell me it is a good idea to pay them $5K to set up a trust. I am concerned they are conflicted on this topic. From "your" point of view, there ...
by SnowBog
Mon May 10, 2021 10:02 pm
Forum: Personal Investments
Topic: Preparing to RE - looking for advice on best preparatory steps
Replies: 20
Views: 1947

Re: Preparing to RE - looking for advice on best preparatory steps

You have 9% in taxable bonds = $360k, whereas your home mortgage is only $200k. Treat your mortgage as a negative bond. Given that the mortgage interest is not tax deductible, even if you were to refinance it to 2.25%, paying it down is the equivalent of earning 2.25% / (1 - 35% - 5.75%) = 3.8%. I ...
by SnowBog
Mon May 10, 2021 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: What do you wish you knew before you retired you know now!
Replies: 98
Views: 15897

Re: What do you wish you knew before you retired you know now!

One thing that surprised me in retirement was that I’d occasionally run into someone who seemed miffed that I was retired and there were not. I think my younger-than-my-years look may have contributed to this. I've experienced this, and I'm not yet retired (but close). The envy factor plays a role,...
by SnowBog
Mon May 10, 2021 6:23 pm
Forum: Investing - Theory, News & General
Topic: What Ever Happened to "Your Age In Bonds"?
Replies: 116
Views: 9267

Re: What Ever Happened to "Your Age In Bonds"?

I've never subscribed to the "age in bonds" view. Initially because I was financially ignorant and didn't know what a bond was, so I just picked the best rated funds in my 401k (regardless of what they were). :oops: Around 2018 when I found BH, and became more financially literate, I learn...
by SnowBog
Mon May 10, 2021 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 90
Views: 10344

Re: Your recommended banks for High Yield Savings & CDs

Edited: found this link of anyone interested: https://thepointsguy.com/news/critical-points-stop-ignoring-bofa-preferred-rewards/ Not quite on topic (although it does require a presence at BOA/Merrill), but what credit card are you referencing with the posts below? I assume the "-> 5.25%"...
by SnowBog
Mon May 10, 2021 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 90
Views: 10344

Re: Your recommended banks for High Yield Savings & CDs

If you have tens of thousands of dollars worth of cash to store at higher interest, if you're married, you can easily park $20,000 each at Evansville CU, $15,000 each at LMCU, and put $3500 each in savings accounts at Service CU. This way you maintain maximum liquidity for the upcoming market crash...
by SnowBog
Mon May 10, 2021 11:27 am
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 364
Views: 78735

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

What is "withdrawal cushion" and how is it generated? Cannot found it in the Instruction sheet. See the first post in the thread. But basically the first withdrawal was 6 months vs. 1 month to build up the "cushion". Then subsequent withdrawals leverage that "cushion" ...
by SnowBog
Sun May 09, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 90
Views: 10344

Re: Your recommended banks for High Yield Savings & CDs

Not all credit unions are the same. I've seen some that are big and popular in my area, but when I look at their deposit rates, they're terrible. So I shop around and join CUs that are local or nationwide with good deals. ... Don't feel attached to one bank or credit union. ... I refuse to use HM B...
by SnowBog
Sun May 09, 2021 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Options for wealth inheritance (difficulties expected)
Replies: 26
Views: 3593

Re: Options for wealth inheritance (difficulties expected)

I would consider setting up a spendthrift trust for at least part of the inheritance for the irresponsible son. Maybe for both. Maximum withdrawal rate 4% annually. At least have the irresponsible son s inheritance last for a while. Meanwhile he might learn how to take care of his finances. Out of ...
by SnowBog
Sun May 09, 2021 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 90
Views: 10344

Re: Your recommended banks for High Yield Savings & CDs

Personally I wouldn't touch them because I trust credit unions more in general (see 2008 bank bailouts), plus they are at a competitive advantage in not paying outside shareholders or corporate income taxes. While structurally, I'd agree that CU's should be able to offer better services, I'm unwill...
by SnowBog
Sat May 08, 2021 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 90
Views: 10344

Re: Your recommended banks for High Yield Savings & CDs

Are these banks? I couldn't find them on the NCUA or FDIC lists. H.M. Bradley Porte TMobile Toyota Income Notes If they aren't banks, how do you know that your money is protected? If you read prior posts on this thread, you'll see that HM Bradley and T Mobile use FDIC banks (they aren't banks thems...
by SnowBog
Sat May 08, 2021 3:16 pm
Forum: Personal Investments
Topic: I-Bond Question re: Timing
Replies: 3
Views: 483

Re: I-Bond Question re: Timing

That said, there is an oddity on "timing" with savings bonds (I and EE). You get a full month's credit/interest whether you buy on the first day of the month or the last. So you it's generally better to buy towards the end of the month (but in our low interest rate environment, the differe...
by SnowBog
Sat May 08, 2021 3:12 pm
Forum: Personal Investments
Topic: I-Bond Question re: Timing
Replies: 3
Views: 483

Re: I-Bond Question re: Timing

The interest rate changes in May and November. If you purchase in those months, you'll get the newly changed rate. If you purchase in any other month, you'll get the current rate until the new rate kicks in 6 months later. For example, had your purchased in April, you'd have received 6 months at the...
by SnowBog
Sat May 08, 2021 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 90
Views: 10344

Re: Your recommended banks for High Yield Savings & CDs

I don't keep enough cash to make the interest paid on a high-yield savings account meaningful to me. I'm curious: are lots of people here sitting on more than $100,000 in cash? If so, why? Currently, no. We keep less than $100k - but enough that I'll happily take 3.5% (with CC bonus) interest in wh...
by SnowBog
Sat May 08, 2021 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 90
Views: 10344

Re: Your recommended banks for High Yield Savings & CDs

HM Bradley offers up to 3% APY. However, you do need to jump through hoops to earn it. Like, saving 20% of your DD. Then it tiers down from there. However, does seem to be associated with a legit FDIC bank (Hatch Bank). How knows if they'll be able to offer this rate forever though. https://realwor...
by SnowBog
Sat May 08, 2021 12:29 am
Forum: Personal Investments
Topic: I-Bond transfer on death?
Replies: 8
Views: 731

Re: I-Bond transfer on death?

Typically, you'd buy them with a secondary owner. In reality, this works more like a beneficiary. You can change the 2nd owner at any time (get them retitled). While alive, you can grant your spouse "transaction" rights on a bond after purchase. This will let them see (view) and potentiall...
by SnowBog
Fri May 07, 2021 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 90
Views: 10344

Re: Your recommended banks for High Yield Savings & CDs

I'm following as I am also looking for a similar account to park my savings in while they grow. Question for those of you who are currently using HM Bradley : I noticed that they have a referral program which allows new users to set up accounts and IMMEDIATELY get the "Tier 1" 3% interest...
by SnowBog
Thu May 06, 2021 10:21 am
Forum: Personal Finance (Not Investing)
Topic: What do you wish you knew before you retired you know now!
Replies: 98
Views: 15897

Re: What do you wish you knew before you retired you know now!

Ha! My MIL informed me last month that I could NOT POSSIBLY retire at 60, because it was "too young." Note that she chose to work as an Avon lady until age 83, to "keep herself occupied" and to have "a bit of pocket money" and "to get out of the house." I wil...
by SnowBog
Wed May 05, 2021 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: What do you wish you knew before you retired you know now!
Replies: 98
Views: 15897

Re: What do you wish you knew before you retired you know now!

For someone single, they basically need to figure out if they'll live longer or shorter than the average estimate. Someone in bad health probably should claim early, as they might not live long enough to hit the "average". For others, it's more subjective. Given the same level of contribu...
by SnowBog
Wed May 05, 2021 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 90
Views: 10344

Re: Your recommended banks for High Yield Savings & CDs

HM Bradley working for me. 3% up to 100K with minimal effort. If they keep it at 3%, that is definitely a good deal. Do you know what the minimum direct deposit is? Seems a little tricky since you have to keep at least 20% of direct deposits with them, and they don't pay interest over 100k. I have ...
by SnowBog
Wed May 05, 2021 5:22 am
Forum: Personal Finance (Not Investing)
Topic: What do you wish you knew before you retired you know now!
Replies: 98
Views: 15897

Re: What do you wish you knew before you retired you know now!

For someone single, they basically need to figure out if they'll live longer or shorter than the average estimate. Someone in bad health probably should claim early, as they might not live long enough to hit the "average". For others, it's more subjective. Given the same level of contribu...
by SnowBog
Wed May 05, 2021 5:15 am
Forum: Personal Investments
Topic: How to transition my portfolio towards a more efficient portfolio?
Replies: 38
Views: 3603

Re: How to transition my portfolio towards a more efficient portfolio?

You still might even find that with an income level in the 12% bracket, the form 1116 doesn't work out as well as you'd hope. Check out this thread: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=211120 You might actually do better to reduce the foreign holding in your taxable account to ...
by SnowBog
Tue May 04, 2021 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: What do you wish you knew before you retired you know now!
Replies: 98
Views: 15897

Re: What do you wish you knew before you retired you know now!

There was a good narrative earlier the thread about taking SS benefits at 70. Essentially, one views SS as a cheap insurance policy against living way past your 80s. It makes good sense from a risk perspective but not in my simple fiscal analysis perspective. I did not fully understand the advantag...
by SnowBog
Tue May 04, 2021 2:46 pm
Forum: Personal Investments
Topic: How to transition my portfolio towards a more efficient portfolio?
Replies: 38
Views: 3603

Re: How to transition my portfolio towards a more efficient portfolio?

I'm sorry steamer. I do not see anything close to 43% bonds. I see about 19% bonds. There is something wrong here. You are right. I updated the OP to say: Total Asset allocation: 81% stocks / 19% bonds This agrees with my Vanguard account's "Asset mix" page, which I should have checked be...
by SnowBog
Mon May 03, 2021 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Would you retire?
Replies: 36
Views: 6243

Re: Would you retire?

goodenyou wrote: Mon May 03, 2021 3:53 pm Plus, my spouse still works and our kids are out of the house. I think it’s best for me to keep working as well. We want to time our retirements close together.
My spouse is [slightly] older, and has made clear they "get to retire first" even if it's just for a single day. :beer
by SnowBog
Mon May 03, 2021 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Would you retire?
Replies: 36
Views: 6243

Re: Would you retire?

Unless you are afraid of some specific change that would make starting early better, it still makes sense to delay. Do you have something in mind? While the benefit from starting at 70 is higher, does this factor in the 8 years of benefits one gives up by not starting at 62? Yes. That's kinda the p...
by SnowBog
Mon May 03, 2021 1:21 pm
Forum: Personal Investments
Topic: What is your favorite retirement calculator?
Replies: 50
Views: 6747

Re: What is your favorite retirement calculator?

What tax rate does the program use after 2025 and can you change the choice? In Pralana Gold, you enter the year you expect the tax rates to revert to pre TCJA levels or leave blank if you think they will stay put. Other features I didn't mention as they weren't interesting to me but that others ma...