Search found 5868 matches

by anon_investor
Sun Apr 18, 2021 6:59 am
Forum: Personal Finance (Not Investing)
Topic: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?
Replies: 36
Views: 3450

Re: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?

[...] So borrow money for free to give the IRS an interest free loan? Yeah, that sounds like a great way to game the system.... :oops: :P :D The IRS should pay me back long before I need to pay off the credit card. I see 0 benefit but some risk (IRS decides to audit and not issue a refund before yo...
by anon_investor
Sun Apr 18, 2021 12:09 am
Forum: Personal Finance (Not Investing)
Topic: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?
Replies: 36
Views: 3450

Re: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?

[...] I would say the IRS is not made happy. They have to pay you interest, probably at a rate that doesn't benefit them, and they get none of the 1.96% you are paying the credit card processors. You must have a reason for wanting a loan or you wouldn't be paying the processing fees to get it. The ...
by anon_investor
Sun Apr 18, 2021 12:07 am
Forum: Personal Investments
Topic: 529 from NY to VA and private elementary
Replies: 3
Views: 276

Re: 529 from NY to VA and private elementary

Although your earned income is NY sourced, won't you have other income subject to VA income tax that you can deduct? Also, is the income NY sourced because it is remote work for a NY based company? Yes, remote work for an NYC employer. Taxable investment income would be negligible. In 2022, the cur...
by anon_investor
Sun Apr 18, 2021 12:02 am
Forum: Personal Consumer Issues
Topic: How to get the best sleep?
Replies: 27
Views: 1722

Re: How to get the best sleep?

I had trouble sleeping... I was later diagnosed with sleep apnea. CPAP machine works, I sleep well every night.

OP should see if he has any symptoms, and if so talk to his doctor:
https://www.mayoclinic.org/diseases-con ... c-20377631
by anon_investor
Sat Apr 17, 2021 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 130
Views: 11377

Re: Any happy lawyers out there?

Hello, all. I have a first-world problem to share with the Bogleheads. I'm in my mid-late 20s with a couple years of high school teaching under my belt. I do not lack for money and (with any luck) likely never will. I live below my means, and I want for nothing material. I do not have a family of m...
by anon_investor
Sat Apr 17, 2021 11:56 pm
Forum: Personal Investments
Topic: Shift some emergency funds to I bonds for 3.54% interest?
Replies: 13
Views: 1757

Re: Shift some emergency funds to I bonds for 3.54% interest?

Any reason i bonds wouldn’t make sense for a retired person holding a lot of cash? Asking for a parent and don’t know a ton about them. For the most part they seem a no brainer. The only downsides: 1. Money is locked up one year. 2. You lose 3 months of interest if held less than 5 years. Even with...
by anon_investor
Sat Apr 17, 2021 11:48 pm
Forum: Personal Investments
Topic: 529 from NY to VA and private elementary
Replies: 3
Views: 276

Re: 529 from NY to VA and private elementary

Anyone experienced with using a 529 plan to pay for private K-12 school in VA? Anyone moved from NY to VA? Am I correct that we should leave the NY 529 in place (vs transferring it into the VA one)? Tentative scenario is that we leave NYC (rental apartment) at the end of June to live full time in V...
by anon_investor
Sat Apr 17, 2021 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Biglaw moving in-house, portfolio check-in and housing budget
Replies: 13
Views: 951

Re: Biglaw moving in-house, portfolio check-in and housing budget

Congrats! I transitioned from senior biglaw associate to megacorp in-house a few years ago. Best decision I ever made, the work/life balance has been amazing. I had 2 young kids when I left biglaw, now I have 3, the amount of time I get to spend with them is amazing. Some small things to look into: ...
by anon_investor
Sat Apr 17, 2021 7:25 pm
Forum: Personal Investments
Topic: Help deciding ratio of college vs. retirement savings
Replies: 25
Views: 1792

Re: Help deciding ratio of college vs. retirement savings

My wife and I are having an *ahem* discussion about what ratio we should fund our kids 529s vs. retirement. We have 3 kids. Ages 11, 9, 7. Current 529 balance is 12k. We're both 37 years old. Our parents paid for our undergraduate degrees (while we worked and contributed as students) and we'd like ...
by anon_investor
Sat Apr 17, 2021 7:18 pm
Forum: Personal Investments
Topic: Shift some emergency funds to I bonds for 3.54% interest?
Replies: 13
Views: 1757

Re: Shift some emergency funds to I bonds for 3.54% interest?

I said to heck with it and put $20K of my $28K emergency fund in I Bonds over the last two weeks. Hope you managed to snag the 0.2% fixed rate ones last year like I did! :sharebeer I wish I had started buying in 2019 when the 0.5% fixed rate ones were available! I never even heard of an I Bond unti...
by anon_investor
Sat Apr 17, 2021 7:15 pm
Forum: Personal Consumer Issues
Topic: Electric Shaver Replacement Head Replacements?
Replies: 10
Views: 665

Re: Electric Shaver Replacement Head Replacements?

I can confirm the accuracy of the Amazon reviews about the non-OEM (counterfeit) replacement rotary heads. The knock-offs are like buying OEM rotary heads after 6 months of use. You definitely want to always stick to the OEM heads. Unfortunately, the OEM rotary heads are super expensive, especially...
by anon_investor
Sat Apr 17, 2021 7:09 pm
Forum: Personal Consumer Issues
Topic: Non-Pilling Bed Sheets
Replies: 5
Views: 491

Re: Non-Pilling Bed Sheets

I have high thread count bed sheet purchased on sale at Ikea that don't pill and I use the dryer...
by anon_investor
Sat Apr 17, 2021 7:02 pm
Forum: Personal Investments
Topic: Shift some emergency funds to I bonds for 3.54% interest?
Replies: 13
Views: 1757

Re: Shift some emergency funds to I bonds for 3.54% interest?

Doc7 wrote: Sat Apr 17, 2021 6:53 pm I said to heck with it and put $20K of my $28K emergency fund in I Bonds over the last two weeks.
Hope you managed to snag the 0.2% fixed rate ones last year like I did! :sharebeer

I wish I had started buying in 2019 when the 0.5% fixed rate ones were available!
by anon_investor
Sat Apr 17, 2021 6:59 pm
Forum: Personal Consumer Issues
Topic: Facemask Recommendations?
Replies: 17
Views: 991

Re: Facemask Recommendations?

Well from what i see online on people in the US, seems like ton of ppl still wearing those blue face masks though? Okay how much do N95 masks typically cost then each at a pharmacy? Aren't those still one to two dollars each etc? Those you can't reuse right? Always curious about how i also see peop...
by anon_investor
Sat Apr 17, 2021 6:56 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses Online?
Replies: 17
Views: 808

Re: Contact Lenses Online?

I find Costco in person cheaper. They always have an instant rebate of some kind.
by anon_investor
Sat Apr 17, 2021 6:45 pm
Forum: Personal Investments
Topic: Shift some emergency funds to I bonds for 3.54% interest?
Replies: 13
Views: 1757

Re: Shift some emergency funds to I bonds for 3.54% interest?

as9 wrote: Sat Apr 17, 2021 6:22 pm Any reason i bonds wouldn’t make sense for a retired person holding a lot of cash? Asking for a parent and don’t know a ton about them.
If they will not need the money for 1 year, they are a good parking place right now, but there is $10k annual purchase limit per social security number.
by anon_investor
Sat Apr 17, 2021 6:38 pm
Forum: Personal Investments
Topic: If you miss the 401k rollover period, are you stuck with that provider forever?
Replies: 7
Views: 743

Re: If you miss the 401k rollover period, are you stuck with that provider forever?

diy60 wrote: Sat Apr 17, 2021 6:37 pm
workingovertime wrote: Sat Apr 17, 2021 6:32 pm After quitting a job and you miss the period to rollover 401k, are you stuck with that provider?
No, there is no such thing as a defined "period to rollover 401K".
+1. I have done 401k rollovers years later before.
by anon_investor
Sat Apr 17, 2021 6:36 pm
Forum: Personal Consumer Issues
Topic: Contact Lenses Online?
Replies: 17
Views: 808

Re: Contact Lenses Online?

Also speaking of rakuten cashback, is there a way to make sure you get cashback? Thing is i use this extension on google chrome called adblock plus to block ads... but how do i make sure i don't block anything on the 1800contacts website to prevent any issue? A while back i recalled if you had adbl...
by anon_investor
Sat Apr 17, 2021 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?
Replies: 36
Views: 3450

Re: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?

I would not go looking to potentially increase the amount of contact I have with the IRS or their motivation to examine my account. Rule of thumb. That is a good rule of thumb! Is the worst that could happen an audit? I wouldn't mind an audit. (Famous last words, I'm sure.) Buy $5k in I Bonds, prob...
by anon_investor
Sat Apr 17, 2021 6:04 pm
Forum: Personal Investments
Topic: Shift some emergency funds to I bonds for 3.54% interest?
Replies: 13
Views: 1757

Re: Shift some emergency funds to I bonds for 3.54% interest?

Due to a recent burst of inflation, it appears the interest rate on I bonds is going to reset to 3.54% in May. https://tipswatch.com/ This is way better than the yield on my "high" yield savings and municipal bond funds. Any reason not to switch some funds over? Would you invest in the la...
by anon_investor
Sat Apr 17, 2021 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?
Replies: 36
Views: 3450

Re: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?

8foot7 wrote: Sat Apr 17, 2021 5:47 pm I would not go looking to potentially increase the amount of contact I have with the IRS or their motivation to examine my account. Rule of thumb.
That is a good rule of thumb!
by anon_investor
Sat Apr 17, 2021 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?
Replies: 36
Views: 3450

Re: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?

I have a credit card with an introductory 0% APR. Using one of the three IRS-approved credit card processing firms, may I intentionally overpay for my Form 1040 filing? After waiting a few weeks, my intention is to file my taxes, enter this overpayment into TurboTax, and eventually receive the over...
by anon_investor
Sat Apr 17, 2021 5:05 pm
Forum: Personal Investments
Topic: Help deciding ratio of college vs. retirement savings
Replies: 25
Views: 1792

Re: Help deciding ratio of college vs. retirement savings

I would max out all retirement accounts before putting a penny into 529 plans. Retirement account balances won't hurt your kids' fin aid chances, 529 plans will.
by anon_investor
Sat Apr 17, 2021 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 130
Views: 11377

Re: Any happy lawyers out there?

hambusin wrote: Sat Apr 17, 2021 3:32 pm
Dagwood wrote: Sat Apr 17, 2021 6:12 am Wife and I both attorneys for 20+ years. I am now in what most would consider a prestigious government job with excellent pay (not the GS scale)
Hi Dagwood,

What types of government law jobs are not on the GS scale?
Attorney General?

Edit: apparently there is an Executive Senior Level
by anon_investor
Sat Apr 17, 2021 3:46 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 104
Views: 7026

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

Another thing to consider is outright cost of the college. One of my biggest financial mistakes was going to one of the top universities in California which also happened to be very expensive. Go to state school and save a bunch of money. Nobody ever asks me where I got my undergraduate degree or e...
by anon_investor
Sat Apr 17, 2021 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Accessing College Financial Aid for Higher Income Households
Replies: 18
Views: 918

Re: Accessing College Financial Aid for Higher Income Households

My fiance and I are thinking ahead, and one of bogeyman in our financial future is the prospect of paying for our future kids' college. We together make an upper middle class income and have a portfolio in the low seven figures, which will likely prevent our kids from qualifying for tuition reducti...
by anon_investor
Sat Apr 17, 2021 1:33 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 104
Views: 7026

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

My college years were formative and not just because of classes. The socialization, friendships and connections made have benefited me for decades. I hold a dim view of AP classes and online school. College is much more than just getting a class credit. I feel sorry for people who graduate with a d...
by anon_investor
Sat Apr 17, 2021 12:45 pm
Forum: Investing - Theory, News & General
Topic: “Take risk on equity side”
Replies: 28
Views: 1990

Re: “Take risk on equity side”

tibbitts wrote: Sat Apr 17, 2021 12:40 pm
Tingting1013 wrote: Sat Apr 17, 2021 12:29 pm It means don’t hold long term bonds.

It’s terrible advice.
I don't think that's the general interpretation on Bogleheads; most people are looking at credit risk not rate risk.
+1. Avoid credit risk (aka only hold treasuries, no corporates or munis)
by anon_investor
Sat Apr 17, 2021 10:40 am
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 113
Views: 11792

Re: Cons of i bonds?

l1am wrote: Sat Apr 17, 2021 10:33 am
anon_investor wrote: Fri Apr 16, 2021 10:43 pm
l1am wrote: Fri Apr 16, 2021 10:41 pm
Boglebiker wrote: Fri Apr 16, 2021 12:00 pm My only regret with I Bonds is that I didn’t start buying them sooner!
I researched them 3 years ago and opted against buying them. No regrets.
What did you buy instead?
Muni bond index
VTEB?
by anon_investor
Sat Apr 17, 2021 8:56 am
Forum: Investing - Theory, News & General
Topic: $10K invested in a Series I Bond in 1998
Replies: 16
Views: 2273

Re: $10K invested in a Series I Bond in 1998

investingdad wrote: Sat Apr 17, 2021 8:03 am I bought our first I bonds in 2000, the interest rate at the start was great.
Relatively speaking compared to currently available alternatives, I Bonds are still great!
by anon_investor
Sat Apr 17, 2021 8:55 am
Forum: Investing - Theory, News & General
Topic: I Bonds variable rate @ 3.54% in May
Replies: 60
Views: 7252

Re: I Bonds variable rate @ 3.54% in May

The “high” inflation rate is a mathematical fluke caused by the timing of the big dip caused by the start of the pandemic and the April reporting date of the rate for May I-bonds. You’re basically getting the effects of “catch up” inflation for 6 months. Realizing a lot can happen in 6 months, does...
by anon_investor
Fri Apr 16, 2021 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to keep 30 year term life insurance?
Replies: 34
Views: 2687

Re: Does it make sense to keep 30 year term life insurance?

I was searching the site and came to this post. I have similar situation and thinking about cancelling our term life. My son just got a full ride to college. We got 1.2m in retirement. Enough in cash to pay house off. It seems to make sense that we are pretty safe and can cancel our term life insur...
by anon_investor
Fri Apr 16, 2021 10:56 pm
Forum: Personal Investments
Topic: Storing cash balance during dollar cost averaging
Replies: 8
Views: 788

Re: Storing cash balance during dollar cost averaging

Moving money into the market using dollar cost averaging over next 12 months (I know, there's some debate over whether this makes mathematical sense, but with the market at an all-time high, figured it might make sense). Given this, need to find a good place for the second half for 6 months and am ...
by anon_investor
Fri Apr 16, 2021 10:43 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 113
Views: 11792

Re: Cons of i bonds?

l1am wrote: Fri Apr 16, 2021 10:41 pm
Boglebiker wrote: Fri Apr 16, 2021 12:00 pm My only regret with I Bonds is that I didn’t start buying them sooner!
I researched them 3 years ago and opted against buying them. No regrets.
What did you buy instead?
by anon_investor
Fri Apr 16, 2021 7:00 pm
Forum: Personal Investments
Topic: Anyone have experience with Suntrust?
Replies: 21
Views: 1763

Re: Anyone have experience with Suntrust?

grobertj wrote: Fri Apr 16, 2021 6:56 pm Yes...and not a good one. Check their fees. If I remember correctly, the charge 2% or more.
Yuck, might as well just burn $2k...
by anon_investor
Fri Apr 16, 2021 6:59 pm
Forum: Investing - Theory, News & General
Topic: $10K invested in a Series I Bond in 1998
Replies: 16
Views: 2273

Re: $10K invested in a Series I Bond in 1998

That's a helpful site, but I don't think they know as much as the Treasury themselves. There are so many exceptions to everything and rule and product availability changes over time. But the rules for already issued I Bonds can't change. Those were set when they were issued. So that site is fine fo...
by anon_investor
Fri Apr 16, 2021 6:34 pm
Forum: Investing - Theory, News & General
Topic: $10K invested in a Series I Bond in 1998
Replies: 16
Views: 2273

Re: $10K invested in a Series I Bond in 1998

imbogled wrote: Fri Apr 16, 2021 6:32 pm
alpenglow wrote: Fri Apr 16, 2021 6:22 pm $10k in the first I Bond would be worth $34,704 today.

See eyebonds.info for valuations.
Thanks for the quick response! It appears that the link provided is broken though.
http://eyebonds.info/
by anon_investor
Fri Apr 16, 2021 6:02 pm
Forum: Personal Investments
Topic: Anyone have experience with Suntrust?
Replies: 21
Views: 1763

Re: Anyone have experience with Suntrust?

Looking to park some ETFs there to take advantage of a promo that requires holding >100K there in some combo of checking + investments. Obviously don't wan to hold that much in checking so was thinking of potentially moving an ETF over there. Thinking some sort of self directed brokerage, but just ...
by anon_investor
Fri Apr 16, 2021 5:47 pm
Forum: Investing - Theory, News & General
Topic: *RESOLVED* How to do an indirect rollover to Virginia 529 plan (INVEST529)?
Replies: 14
Views: 658

Re: *RESOLVED* How to do an indirect rollover to Virginia 529 plan (INVEST529)?

i don't really remember the mental process i had at the time. it was probably more like, "I already manage 2 roth IRAs on Vanguard website, virginia 529 website seems less intuitive to me, and 5.75% off $4000 isnt all that much anyway" Now i am wiser (and also have 300% the amount of chil...
by anon_investor
Fri Apr 16, 2021 2:45 pm
Forum: Investing - Theory, News & General
Topic: *RESOLVED* How to do an indirect rollover to Virginia 529 plan (INVEST529)?
Replies: 14
Views: 658

Re: *RESOLVED* How to do an indirect rollover to Virginia 529 plan (INVEST529)?

I understand that you did not find directions to this on the website, however, when I made my children's Virginia 529 accounts in february, I printed a form out from the website that I had to attach my Vanguard statement to (from the existing 529s) and fax it over. It was definitely all printed out...
by anon_investor
Fri Apr 16, 2021 2:20 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 113
Views: 11792

Re: Cons of i bonds?

I have most of my emergency money in these. Click the button and they get redeemed to your bank the next day in an emergency. Can't withdraw within first year. Lose 3 months interest between years 1 and 5 but not huge penalty in emergency situation. Most of time , even with loss of 3 months interes...
by anon_investor
Fri Apr 16, 2021 1:52 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 113
Views: 11792

Re: Cons of i bonds?

I have most of my emergency money in these. Click the button and they get redeemed to your bank the next day in an emergency. Can't withdraw within first year. Lose 3 months interest between years 1 and 5 but not huge penalty in emergency situation. Most of time , even with loss of 3 months interes...
by anon_investor
Fri Apr 16, 2021 1:03 pm
Forum: Investing - Theory, News & General
Topic: *RESOLVED* How to do an indirect rollover to Virginia 529 plan (INVEST529)?
Replies: 14
Views: 658

Re: *RESOLVED* How to do an indirect rollover to Virginia 529 plan (INVEST529)?

I understand that you did not find directions to this on the website, however, when I made my children's Virginia 529 accounts in february, I printed a form out from the website that I had to attach my Vanguard statement to (from the existing 529s) and fax it over. It was definitely all printed out...
by anon_investor
Fri Apr 16, 2021 12:50 pm
Forum: Investing - Theory, News & General
Topic: *RESOLVED* How to do an indirect rollover to Virginia 529 plan (INVEST529)?
Replies: 14
Views: 658

Re: *RESOLVED* How to do an indirect rollover to Virginia 529 plan (INVEST529)?

I understand that you did not find directions to this on the website, however, when I made my children's Virginia 529 accounts in february, I printed a form out from the website that I had to attach my Vanguard statement to (from the existing 529s) and fax it over. It was definitely all printed out...
by anon_investor
Fri Apr 16, 2021 12:34 pm
Forum: Personal Investments
Topic: Vanguard Monthly Purchases of VOO How to Set it and Forget it?
Replies: 5
Views: 580

Re: Vanguard Monthly Purchases of VOO How to Set it and Forget it?

dukeblue219 wrote: Fri Apr 16, 2021 12:33 pm No. You'd need to use VFIAX or another mutual fund. This is the one downside (in my opinion) to ETFs.
+1.
by anon_investor
Fri Apr 16, 2021 12:20 pm
Forum: Personal Investments
Topic: Moving from Mutual Funds to ETFs: Market or Limit Buys?
Replies: 16
Views: 1071

Re: Moving from Mutual Funds to ETFs: Market or Limit Buys?

Sold off two bond funds to reallocate 15% into EDV… last two days have been interesting… I have a 60 day buy order for $128. Once that is done will probably ask Vanguard to do a conversion of VTSAX, VTIAX, and VEMAX to their ETF equivalents, I'm currently digging around the website to see where I c...
by anon_investor
Fri Apr 16, 2021 12:04 pm
Forum: Investing - Theory, News & General
Topic: I Bonds variable rate @ 3.54% in May
Replies: 60
Views: 7252

Re: I Bonds variable rate @ 3.54% in May

NickG wrote: Fri Apr 16, 2021 11:25 am Is there a way to buy something similar in Europe?
Nope.
by anon_investor
Fri Apr 16, 2021 6:39 am
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 204
Views: 24410

Re: 2021 I Bonds: what's your plan?

Anyone interested in I-Bonds should be aware of TD Terms regarding account hacks or losses due to negligence if it ever occurs. This thread is has a good discussion: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=225415 People are complaining about having to get signature guarantees just...
by anon_investor
Thu Apr 15, 2021 8:16 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 204
Views: 24410

Re: 2021 I Bonds: what's your plan?

Anyone interested in I-Bonds should be aware of TD Terms regarding account hacks or losses due to negligence if it ever occurs. This thread is has a good discussion: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=225415 People are complaining about having to get signature guarantees just...