Search found 504 matches

by NewMoneyMustBeSmart
Tue Apr 06, 2021 8:26 pm
Forum: Personal Investments
Topic: Reworking my investments: follow-up
Replies: 8
Views: 1076

Re: Reworking my investments: follow-up

Basically, I'd like to stick with Schwab funds because that's where my accounts are right now, and I can buy their funds without being charged a service fee. Why mutual funds v. ETFs? Higher fees, lower liquidity, same composition..... If going with Schwab funds, the MFs and “corresponding” ETFs ar...
by NewMoneyMustBeSmart
Mon Apr 05, 2021 8:53 pm
Forum: Personal Investments
Topic: Reworking my investments: follow-up
Replies: 8
Views: 1076

Re: Reworking my investments: follow-up

zorkb45 wrote: Mon Apr 05, 2021 1:50 pm Basically, I'd like to stick with Schwab funds because that's where my accounts are right now, and I can buy their funds without being charged a service fee.
Why mutual funds v. ETFs? Higher fees, lower liquidity, same composition.....
by NewMoneyMustBeSmart
Mon Apr 05, 2021 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Jobhunting after Covid-19 quit
Replies: 35
Views: 4460

Re: Jobhunting after Covid-19 quit

My adult child (AC) voluntarily left the workforce when the pandemic hit. At that time, AC was working retail part-time and going to school part-time (tech certificate at community college). That is how AC has spent most of the couple years since college graduation. .... I was thinking of “I chose ...
by NewMoneyMustBeSmart
Sun Apr 04, 2021 10:19 pm
Forum: Personal Consumer Issues
Topic: Too many Costco returns?
Replies: 7
Views: 2444

Re: Too many Costco returns?

There's probably a limit somewhere, but I'm pretty sure Costco will *always* honor their policies, and at worst, will cancel the membership.

I have absolutely no compulsions about returning things to Costco or Amazon.
by NewMoneyMustBeSmart
Sun Apr 04, 2021 10:17 pm
Forum: Personal Investments
Topic: Reworking my investments: follow-up
Replies: 8
Views: 1076

Re: Reworking my investments: follow-up

zorkb45 wrote: Sun Apr 04, 2021 7:45 pm Since I'm with Schwab, I'd like to stick with their funds for now.
Zork! Love it.

This sentence - use schwab because brokerage with schwab makes no sense to me. It's a commodity market, I'd go with what's best.
by NewMoneyMustBeSmart
Sat Mar 20, 2021 10:01 am
Forum: Personal Investments
Topic: Average Bond Duration and Makeup
Replies: 4
Views: 568

Average Bond Duration and Makeup

Hello Friends, I recently reduced my MUB and LQD holdings in half and moved to VTEB and MUST. I did this based on a conversation about average bond duration, with shorter bond durations being less vulnerable to a market value reduction when interest rates rise. Since doing that, I see that indeed, l...
by NewMoneyMustBeSmart
Mon Mar 15, 2021 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Asking HR for a raise
Replies: 52
Views: 4937

Re: Asking HR for a raise

RetireSomeday5 wrote: Mon Mar 15, 2021 12:47 pm In setting up the new hire, I have permission to hire someone up to X, which is actually 10% more than I make :oops:
Easy question! Apply for the job at the 10% raise!
by NewMoneyMustBeSmart
Mon Mar 15, 2021 6:29 pm
Forum: Personal Investments
Topic: Personal Capital pressures
Replies: 29
Views: 3298

Re: Personal Capital pressures

My mother-in-law hired Personal Capital two years ago and has been really happy, but she knew next to nothing about personal finance and was about to (and since then, has) retire so the financial planning services were highly beneficial to her. For someone like yourself who only intends to use the ...
by NewMoneyMustBeSmart
Sat Mar 13, 2021 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: If I pay my income tax using my credit card with a high rewards percentage, do I need to pay taxes on the rewards?
Replies: 28
Views: 2974

Re: If I pay my income tax using my credit card with a high rewards percentage, do I need to pay taxes on the rewards?

Off topic, but what card gives 3%? Good question. The best card I have is BoA cash rewards at 2.25%. I think the lowest fee for IRS CC payments is 1.97%. So only .28% net. There are occasions (especially with biz cards) where you can get as much at 5%, albeit capped. I was able to get around $250 c...
by NewMoneyMustBeSmart
Sat Mar 13, 2021 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics for dealing with a windfall
Replies: 7
Views: 747

Re: mechanics for dealing with a windfall

LadyGeek wrote: Sat Mar 13, 2021 6:43 pm That's up to you. The wiki has a link to the FDIC insurance calculator: Tools and calculators (Insurance for deposit accounts)
Agreed.

If one works through that calculator, they might find that a couple with 3 beneficiaries is covered up to $1.5M in a single account.
by NewMoneyMustBeSmart
Sat Mar 13, 2021 6:41 pm
Forum: Personal Investments
Topic: How to sell out of IPO stock in early release period?
Replies: 14
Views: 1466

Re: How to sell out of IPO stock in early release period?

I've now sold about 50% of my total grant and have cleared enough of the table that I'm willing to be a bit more risky with the rest and wait for a higher price. This might be a foolish thing to do, but I have enough to put in investments + emergency funds + down payment that the company's stock pr...
by NewMoneyMustBeSmart
Sat Mar 13, 2021 6:38 pm
Forum: Personal Investments
Topic: How to sell out of IPO stock in early release period?
Replies: 14
Views: 1466

Re: How to sell out of IPO stock in early release period?

Before selling, I highly recommend to find out if your options are qualified small business stock. If they are, and you’ve held them for at least five years, the gains are tax free from federal capital gains, and potentially free from state tax. Look up section 1202 exclusions . QSBS works if > 5 y...
by NewMoneyMustBeSmart
Fri Mar 12, 2021 10:50 pm
Forum: Personal Investments
Topic: How to sell out of IPO stock in early release period?
Replies: 14
Views: 1466

Re: How to sell out of IPO stock in early release period?

Hi Bogleheads, I have about 5k vested ISOs in a public company that has an early release window (when you can sell before 180 day lockup period). I am allowed to unload 15% of vested options in the early release window. Strike price for me is about $5 and current market price is about $50. What is ...
by NewMoneyMustBeSmart
Sun Feb 28, 2021 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $2.5M first home?
Replies: 185
Views: 14694

Re: Can we afford a $2.5M first home?

Can we afford $2.5m house with down payment of $500k ($12k-13k mortgage)? Current Situation ... You can afford it, but it will take away from your long term wealth. I'd buy half the house and put the rest in VTI. That's $250k in VTI + $6k/mo... https://www.portfoliovisualizer.com/monte-carlo-simula...
by NewMoneyMustBeSmart
Sat Feb 27, 2021 1:45 pm
Forum: Personal Investments
Topic: Please help, lost stock found
Replies: 5
Views: 1282

Re: Please help, lost stock found

The bank was totally bought out by Ameris Bank and people that had the final S stock either sold to Ameris at $425. per share or could get into Ameris stock Here's what I would do. I would write a nice letter to Ameris bank saying: " I am a shareholder of ProsperityBank which I have recently c...
by NewMoneyMustBeSmart
Fri Feb 26, 2021 11:23 am
Forum: Personal Finance (Not Investing)
Topic: When to get a second and third opinion on a personal tax issue?
Replies: 13
Views: 1121

Re: When to get a second and third opinion on a personal tax issue?

He noted this is the conservative approach in an area where there is no clear cut answer. The position of the second CPA is based on the Internal Revenue Code. Just taking these two statements at face value, there is a group of people who would always go with 1) and a group who would always go with...
by NewMoneyMustBeSmart
Thu Feb 25, 2021 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: When to get a second and third opinion on a personal tax issue?
Replies: 13
Views: 1121

Re: When to get a second and third opinion on a personal tax issue?

Three thoughts: I'd do the aggressive thing and blame the CPA that said I could if it didn't work out. I'd get CPA #2s advice in writing. Penalties + interest from IRS are unlikely, I would think. You might be throwing good money after bad. 1% of your net worth at risk and you've incurred costs of 0...
by NewMoneyMustBeSmart
Wed Feb 24, 2021 8:27 pm
Forum: Personal Consumer Issues
Topic: A gift for DW
Replies: 58
Views: 4225

Re: A gift for DW

kamikazekid wrote: Wed Feb 24, 2021 1:16 pm DW is about to finish her PhD in life sciences after 8 years of hard work.
I bought my wife a Rolex when she got her PhD in the mail. It was the last thing she wanted or would ask for but she loves it.
by NewMoneyMustBeSmart
Mon Feb 15, 2021 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger on a solar install
Replies: 36
Views: 4657

Re: Pulled the trigger on a solar install

Poster is correct for generation costs: https://www.eia.gov/electricity/annual/html/epa_08_04.html What it costs to generate, and what one pays are decoupled for several reasons. One is the cost of transmission. The second is government modifications to prices. Others impact this as well. I think th...
by NewMoneyMustBeSmart
Sat Feb 13, 2021 10:05 am
Forum: Personal Investments
Topic: Obtaining from Schwab the list of investment cost basis and date of purchase
Replies: 3
Views: 298

Obtaining from Schwab the list of investment cost basis and date of purchase

Hello, Can I download all lot information including cost basis and date of acquisition from Schwab? I moved some assets to Schwab 6 months ago and I'm fairly happy. There is one thing I want to do and I can't figure out how to do it. In the primary account, I have ~20 equities. (Man, this would be e...
by NewMoneyMustBeSmart
Wed Feb 10, 2021 9:05 pm
Forum: Personal Investments
Topic: Custodial account for minor - taxable?
Replies: 23
Views: 1377

Re: Custodial account for minor - taxable?

You said it was a custodial account. This means that the child's SSN is on the account and the child's parents are responsible for making sure the child submits a tax return if needed. The 1099 for the account should go to the child's parent, but it will probably be sent to the custodian of the acc...
by NewMoneyMustBeSmart
Tue Feb 09, 2021 9:17 pm
Forum: Personal Investments
Topic: Massive Windfall For 35 Year Old Guy
Replies: 95
Views: 12509

Re: Massive Windfall For 35 Year Old Guy

not a cash fan myself unless I have a known short term liability. Yes, I'm not planning on holding cash. The windfall just happened. Just confirming what I should do before I pull the trigger. Here's what I would do (did). Nothing, for 6 months. Really. Just leave it wherever it is. Go build a team...
by NewMoneyMustBeSmart
Sat Feb 06, 2021 3:58 pm
Forum: Personal Consumer Issues
Topic: Good Quality Washing / Dryer Combo?
Replies: 3
Views: 382

Good Quality Washing / Dryer Combo?

Could you recommend a nice washer/dryer pair of models for us? Wife and I enjoy our Miele dishwasher, vacuum, etc. We had assumed we'd want to get a top-of-the-line Miele washer and dryer, but we found their capacity 2.26 ft^3 capacity was much less than our old Maytag at 4.5 ft^3 capacity (50%). Wi...
by NewMoneyMustBeSmart
Thu Feb 04, 2021 10:53 pm
Forum: Investing - Theory, News & General
Topic: Where to place cash. Liquidity issue.
Replies: 15
Views: 2572

Re: Where to place cash. Liquidity issue.

livelovelaugh00 wrote: Thu Feb 04, 2021 10:45 pm I have 100k in HM Bradley earns 3%. Its very easy to transfer in and out the money.
+1!!!
by NewMoneyMustBeSmart
Mon Feb 01, 2021 4:12 pm
Forum: Investing - Theory, News & General
Topic: Physical Silver Short Squeeze may be on
Replies: 231
Views: 15339

Re: Physical Silver Short Squeeze may be on

KlangFool wrote: Mon Feb 01, 2021 4:11 pm
Great for you! Do you plan to sell? If yes, what is your tentative price target?


KlangFool
I never sell silver or gold.
by NewMoneyMustBeSmart
Mon Feb 01, 2021 4:06 pm
Forum: Investing - Theory, News & General
Topic: Physical Silver Short Squeeze may be on
Replies: 231
Views: 15339

Re: Physical Silver Short Squeeze may be on

Folks, https://www.jmbullion.com/silver/silver-coins/american-silver-eagles/uncirculated-ase/ As per the latest update, you could get the 1 oz Silver Eagle Coin at around $40. The price had gone up about $10 but it is not unavailable. KlangFool Qty Item # Description Price 6 Mint Sealed Monster Box...
by NewMoneyMustBeSmart
Sun Jan 31, 2021 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Redirecting 100 % of spouse's income to 403(b) -> Losing out on dependent care benefits?
Replies: 2
Views: 319

Re: Redirecting 100 % of spouse's income to 403(b) -> Losing out on dependent care benefits?

When preparing my taxes, I come across something weird. My spouse is working full-time, but we redirect 100 % of her salary (after benefits) into a 403(b). Does this mean that she has no "earned income" for dependent care purposes? If I contributed $5000 to an dependent care FSA through m...
by NewMoneyMustBeSmart
Sat Jan 30, 2021 2:05 pm
Forum: Personal Investments
Topic: Buy VTSAX on weekend?
Replies: 10
Views: 1046

Re: Buy VTSAX on weekend?

Juniperh wrote: Sat Jan 30, 2021 1:53 pm Ok, thank you! Is there any benefit to perhaps waiting until Monday to see if VTSAX goes any lower? I believe I saw it was around $94 on Friday close, whereas it had been hovering around $97 the weeks prior.

Thanks for any input!
https://www.bogleheads.org/wiki/Market_timing
by NewMoneyMustBeSmart
Sun Jan 24, 2021 7:06 pm
Forum: Personal Investments
Topic: I just bought individual stocks and a lot of them.
Replies: 218
Views: 17118

Re: I just bought individual stocks and a lot of them.

If you are going to be your own fund manager, for a 40+ stock portfolio, you should be putting in enough hours to qualify as a full time job. Will you be researching and following these on a weekly, if not daily basis? Alternately,if you want to follow the principles that led you to this decision, ...
by NewMoneyMustBeSmart
Sun Jan 24, 2021 5:55 pm
Forum: Personal Investments
Topic: Fidelity Just Classified Me as a Day Trader
Replies: 31
Views: 4914

Re: Fidelity Just Classified Me as a Day Trader

By the way, I have never used margin in my IRA accounts. I added the feature a while ago in case I wanted to write options contracts. I added it as well in another brokerage. It prevented me from doing a Roth conversion without calling me. They explained since I had options and margin enabled, I ne...
by NewMoneyMustBeSmart
Sun Jan 24, 2021 12:37 pm
Forum: Personal Investments
Topic: No Love For Vanguard GNMA Fund. Why?
Replies: 48
Views: 5056

Re: No Love For Vanguard GNMA Fund. Why?

Do you have a stable value fund in your 401K? Mine is currently paying 2.2% invested in high quality securities, with an insurance wrapper that in theory should protect against any interest rate risk. I think that's the best deal going right now in fixed income. What fund do you use with the 2.2%?
by NewMoneyMustBeSmart
Mon Jan 18, 2021 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Private Client solicitation
Replies: 18
Views: 3789

Re: Chase Private Client solicitation

fyre4ce wrote: Thu Jan 16, 2020 8:59 pm Update for the board:
It is my opinion that you are analyzing this correctly!

:beer
by NewMoneyMustBeSmart
Thu Jan 14, 2021 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Proof of funds to offer a house in Cash
Replies: 49
Views: 3468

Re: Proof of funds to offer a house in Cash

Hi, Looking to buy a house for primary residence with my wife, currently renting. Sellers (even moreso in competitive markets) like cash buyers, so I'm trying to figure out what might work to allow an offer of cash, with our expectation of obtaining a mortgage after the offer is accepted. I'm told ...
by NewMoneyMustBeSmart
Wed Jan 13, 2021 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: 529, UTMA/UGMA, or establish a trust?
Replies: 19
Views: 1200

Re: 529, UTMA/UGMA, or establish a trust?

Have a 6 month old son who I would like to start putting money away for and not sure which option will best fit my families needs. Secure your own oxygen mask before assisting others. Today you and a partner can each gift the sum of $5M in your lifetimes without paying tax, AND $15k/year. Build up ...
by NewMoneyMustBeSmart
Tue Jan 12, 2021 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Got a job offer for $840k/yr. Should I come out of retirement?
Replies: 229
Views: 29054

Re: Got a job offer for $840k/yr. Should I come out of retirement?

Would love to hear opinions from my fellow Bogleheads. Any suggestions on how I should approach this decision would be appreciated. I'll tell you how I approach it. I've become enamored with helping my family and donating to charity. The tax benefits of the DAF/Private Foundation are nice and give ...
by NewMoneyMustBeSmart
Tue Jan 12, 2021 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Elder Financial Abuse
Replies: 24
Views: 2272

Re: Elder Financial Abuse

Why do you call this elder abuse? Nowhere in your post do you suggest he is not of sound mind. That he may think with his smaller mind is not abuse. Good on him for having a lady friend. I'd be proud of my elders for giving money to someone that made him/her happy. You might assert fraud, or illegal...
by NewMoneyMustBeSmart
Sun Jan 10, 2021 8:03 pm
Forum: Personal Consumer Issues
Topic: Tesla [car] purchase any significant downside?
Replies: 150
Views: 9746

Re: Tesla purchase any significant downside?

Good point. I'm looking for any problems with the car. I should have been more precise. Thanks. The S is a fun car - but you can get the same 'great' car (whatever that means for you in detail) for a lot less money spent Disagree. There is no car like a Tesla for a lower price. I'd go so far as to ...
by NewMoneyMustBeSmart
Sun Jan 10, 2021 4:46 pm
Forum: Personal Consumer Issues
Topic: Tesla [car] purchase any significant downside?
Replies: 150
Views: 9746

Re: Tesla purchase any significant downside?

Good point. I'm looking for any problems with the car. I should have been more precise. Thanks. The S is a fun car - but you can get the same 'great' car (whatever that means for you in detail) for a lot less money spent Disagree. There is no car like a Tesla for a lower price. I'd go so far as to ...
by NewMoneyMustBeSmart
Wed Jan 06, 2021 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: 4-Hour Work Week - Looking for AutoCAD Drafters
Replies: 2
Views: 577

Re: 4-Hour Work Week - Looking for AutoCAD Drafters

We are playing around with some remodeling ideas and looking for an AutoCAD drafter whom we can send our drawings to and they would draw them up. Based on past projects, we have some CAD remnants and so have something to work from. Would love suggestions for finding someone -- they don't have to be...
by NewMoneyMustBeSmart
Sun Jan 03, 2021 9:58 pm
Forum: Personal Consumer Issues
Topic: Any multimillionaire's (more than 2mm) out there still mow their own lawn?
Replies: 341
Views: 25969

Re: Any multimillionaire's (more than 2mm) out there still mow their own lawn?

My net worth is slightly more than 2.5 million, not counting house. About $800k taxable, $400k Roth and balance in IRA's and TSP. Current withdrawal from our savings is about 1%. DW thinks I'm a cheap [implied vulgarity removed by Mod Misenplace] , I think there's a lot of cheap [implied vulgarity ...
by NewMoneyMustBeSmart
Sun Jan 03, 2021 9:35 pm
Forum: Personal Consumer Issues
Topic: how to negotiate sale at Carmax?
Replies: 32
Views: 3053

Re: how to negotiate sale at Carmax?

Your state might be different than Arkansas, but in Arkansas it doesn't matter if you sell your car separately from the dealer - you still get the tax deduction as long as both transactions occur within 30 days of each other. I would tend to guess that's probably not different with most other state...
by NewMoneyMustBeSmart
Sun Jan 03, 2021 10:06 am
Forum: Personal Investments
Topic: Feeling stuck at Edward Jones, medallion problem
Replies: 61
Views: 4703

Re: Feeling stuck at Edward Jones, medallion problem

FarmWife wrote: Sat Jan 02, 2021 4:30 pm But I feel stuck. EJ is the ONLY place in our region that does Medallion Signature Guarantees.
Try Wells Fargo bank? That's about the only thing I'd recommend WF for, though :)
by NewMoneyMustBeSmart
Sun Jan 03, 2021 10:05 am
Forum: Personal Consumer Issues
Topic: how to negotiate sale at Carmax?
Replies: 32
Views: 3053

Re: how to negotiate sale at Carmax?

I just went in yesterday! Built rapport with "buyer" - they offered $31k. KBB says private party is $34-36k. They said no mechanical inspection needed with 60k miles. Dealer offered $30k trade in which is a little better as if I do buy another car I am getting the tax reduction of ~5%*30k ...
by NewMoneyMustBeSmart
Sat Jan 02, 2021 10:52 pm
Forum: Personal Investments
Topic: Now what...
Replies: 15
Views: 1790

Re: Now what...

Hello, I'm a senior in high school, 18 years old, and I have around 350$ in cash to my name. I can get any book I want for free and I want to turn my 350$ into a stepping stone of reaching, 500$, and then 1000$, and then as much as I can so I don't have to go to college and can go do the things in ...
by NewMoneyMustBeSmart
Fri Jan 01, 2021 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: can trustee withhold funds to beneficiary for defaulted personal loans?
Replies: 10
Views: 773

Re: can trustee withhold funds to beneficiary for defaulted personal loans?

celia wrote: Fri Jan 01, 2021 3:18 pm How about if the lending person gave the borrower a financial incentive like 25% off all the debt?
Seems to me like the lending person is having hard time doing their fiduciary duties due to a conflict of interest.
by NewMoneyMustBeSmart
Fri Jan 01, 2021 7:48 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth w/o Interest Remaining
Replies: 13
Views: 904

Re: Backdoor Roth w/o Interest Remaining

I'm on Fidelity so will look into this. Thanks. I am going to give you the magic password. "RIPC" pronounced Rip-See (Pronounced like a Hump-tee). It stands for Roth In Plan Conversion. As I understand it, RIPC means that the Plan admin (e.g. Fidelity) will do a conversion for you. With F...
by NewMoneyMustBeSmart
Fri Jan 01, 2021 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is this counted as investment expense?
Replies: 2
Views: 405

Re: Is this counted as investment expense?

I sold a long term investment in 2019 and bought back the same number of shares at about the same price later in the year. I had to pay $150K tax, and I borrowed that from a HELOC account so I could keep the stock. Does the interest on that $150K count as investment expense? https://www.therealesta...
by NewMoneyMustBeSmart
Fri Jan 01, 2021 7:28 pm
Forum: Personal Investments
Topic: How many reached FI goal in 2020?
Replies: 62
Views: 4426

Re: How many reached FI goal in 2020?

aristotelian wrote: Fri Jan 01, 2021 6:11 pm This is the second year in a row that our investment gains have exceeded our spending (this year our investment gains were 3X spending!). I think that is a pretty good indicator that we are FI, or close.
Will you feel the same with 3 years of -20%?