Search found 12594 matches

by jebmke
Mon May 10, 2021 2:55 pm
Forum: Personal Investments
Topic: Why not put everything in SPHD and be done with it?
Replies: 9
Views: 826

Re: Why not put everything in SPHD and be done with it?

A big chunk of market growth is appreciation (possibly aka speculation). Dividends drive growth, but are not the only return. And 51 stocks is in no way diversified enough for me. International for example? Expense ratio of 0.3% not bad, but Total Stock is way lower. Even if one wants a value tilt,...
by jebmke
Mon May 10, 2021 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Annualized Income for tax filing: Form 2210
Replies: 5
Views: 218

Re: Annualized Income for tax filing: Form 2210

And I"m supposed to track dime and penny dividend payment from each mutual funds I have? Setting aside the question of materiality, aren't these all reported on your monthly statements? Personally, for a small item like $20 of bank interest I'd just divide by 12 and prorate according to the mo...
by jebmke
Sun May 09, 2021 7:40 pm
Forum: Personal Consumer Issues
Topic: How do you pay for a car?
Replies: 32
Views: 2316

Re: How do you pay for a car?

When we returned from an ex-pat life in 2006 I bought a car with American Express; we didn't have the cash in a US bank. I'm not sure it is that easy now. Normally we pay cash for cars (last car I bought - in late 2007 -- the dealer took a personal check); my wife bought a new car in 2018 and they g...
by jebmke
Sun May 09, 2021 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: No 2020 1099-G for state tax refund or fed refund interest?
Replies: 3
Views: 251

Re: No 2020 1099-G for state tax refund or fed refund interest?

I had a client that received a 1099-int for federal interest on a late refund so this was not a systemic issue.
by jebmke
Sun May 09, 2021 4:44 pm
Forum: Personal Consumer Issues
Topic: Are there quiet central air conditioners (the outside unit)?
Replies: 17
Views: 1282

Re: Are there quiet central air conditioners (the outside unit)?

We replaced a lot of windows in the last few years and that cut down on sound from our outside unit (vintage 2013 Bryant) quite a bit. I have to be close to that wall to hear it start up. The only time I notice it is when it is going through a defrost cycle in winter (heat pump) when it sound a bit ...
by jebmke
Sat May 08, 2021 11:34 am
Forum: Investing - Theory, News & General
Topic: What Ever Happened to "Your Age In Bonds"?
Replies: 83
Views: 5741

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

Just not true that low bond yields mean investors need to take more risk. The market is probably correct that long-term inflation will stay low, and intermediate-term bonds will continue beating inflation as they historically have. Low nominal yields are fine if interest rates stay low, which all o...
by jebmke
Sat May 08, 2021 9:10 am
Forum: Investing - Theory, News & General
Topic: What Ever Happened to "Your Age In Bonds"?
Replies: 83
Views: 5741

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

Negative (real) interest rates probably a factor.
by jebmke
Fri May 07, 2021 4:53 pm
Forum: Personal Consumer Issues
Topic: Where on my IRS website account do I find 1099/W2 income reported?
Replies: 3
Views: 412

Re: Where on my IRS website account do I find 1099/W2 income reported?

They don't allow you to see it until you file a return. Not sure why, but one guess would be to prevent someone from seeing whether a 1099 WASN'T sent in. Is that recent? A couple of years ago I helped a client file back returns for multiple years. She had no records and was able to get the W2s and...
by jebmke
Fri May 07, 2021 1:28 pm
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4794

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

That's essentially the same as my "let the allocation drift" alternative. It is still $100K of fixed income (zero duration). Purely a duration choice. I choose not to take the consequences of zero duration over the long haul. Historically that has been the correct decision. As I said, wit...
by jebmke
Fri May 07, 2021 1:03 pm
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4794

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

100K emergency comes, I spend down EF then replenish back up via 3% withdrawal rate, like 5K/mo. I also use a percentage-based withdrawal method, so I'm keeping the damage constant at all times with respect to my equities AA. That's essentially the same as my "let the allocation drift" al...
by jebmke
Fri May 07, 2021 11:38 am
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4794

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

My entire portfolio is my EF. But yes, if you have little or no bonds, the EF is the bonds. Cash is just a zero duration bond in that regard. But I hold zero cash except what is needed to pay for next month's bills. I guess I'd be curious how you protect your equities portion. Let's say you're 60/4...
by jebmke
Fri May 07, 2021 10:56 am
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4794

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

My entire portfolio is my EF. But yes, if you have little or no bonds, the EF is the bonds. Cash is just a zero duration bond in that regard. But I hold zero cash except what is needed to pay for next month's bills.
by jebmke
Fri May 07, 2021 10:46 am
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4794

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

To me, a decently large EF makes sense under all circumstances. If the market is down and you didn't want to withdraw (sell low), your EF allows you not to. Many people have a reasonably balanced portfolio of equity and bonds. In that case, you would not be selling when the market is down, you'd be...
by jebmke
Fri May 07, 2021 10:18 am
Forum: Personal Investments
Topic: Tax Planning - Best way to realize capital loss
Replies: 3
Views: 235

Re: Tax Planning - Best way to realize capital loss

I have used a little of a mixed strategy with losses over the years. I harvested a ton of them in '08-09. I used them in a couple of situations where I had high ER funds that I should never have bought and used the losses to dump these. I also used them to re-balance a couple of times. For individua...
by jebmke
Fri May 07, 2021 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Taxes: W2 Box 16 NOT blank despite living in FL
Replies: 5
Views: 308

Re: Taxes: W2 Box 16 NOT blank despite living in FL

As Rick has said, the facts of the situation matter. If the income was earned in another state, your partner may need to file a non-resident return in that state. This is often the situation in my area where someone works part or all of the time in Delaware but lives in Maryland. They file a residen...
by jebmke
Fri May 07, 2021 8:58 am
Forum: Investing - Theory, News & General
Topic: Confused about dividend investing, market downturns and early retirement
Replies: 89
Views: 5459

Re: Confused about dividend investing, market downturns and early retirement

Unless on has all (or mostly) stock holdings, there is no need to "sell during a downturn." With a reasonably balanced portfolio of equity and bonds, one would be selling bonds to buy equity (re-balancing) and food in a downturn.
by jebmke
Fri May 07, 2021 8:07 am
Forum: Personal Consumer Issues
Topic: Country Club
Replies: 56
Views: 4906

Re: Country Club

Another consideration I haven’t seen mentioned (and possibly a nonissue), but what is the exit cost/ability? Particularly with what I believe to be a decline in golf participation over the last decade, it seems like I’ve heard of situations where members can not give up their club membership until ...
by jebmke
Fri May 07, 2021 7:35 am
Forum: Personal Consumer Issues
Topic: Country Club
Replies: 56
Views: 4906

Re: Country Club

For me, the main question to answer is - are we a country club family? If the answer to that is yes, then the second question is - are the members of this country club people we are comfortable with? If that answer is yes, then you've made your decision. It's a very personal decision. Me, I can't e...
by jebmke
Thu May 06, 2021 2:44 pm
Forum: Personal Investments
Topic: Retirees: Monthly vs Quarterly vs Annual Distributions
Replies: 76
Views: 4794

Re: Retirees: Monthly vs Quarterly vs Annual Distributions

as needed. Much of our expenses are on credit cards or direct debit. I've line up all the DDs for right around the first of the month. In the last week of the prior month, all the CCs close for the month so I know exactly what is due on CCs and DDs. If I don't have it covered with money in the bank ...
by jebmke
Thu May 06, 2021 8:05 am
Forum: Forum Issues and Administration
Topic: Posts about cyber currencies
Replies: 22
Views: 899

Re: Posts about cyber currencies

I'm not a moderator but I would say, no, they won't ban these posts. Among other reasons, the forums are not strictly about "investments." There are sub-forums on non-investment financial topics as well as a forum on consumer topics.
by jebmke
Wed May 05, 2021 5:45 pm
Forum: Personal Investments
Topic: When should I sell some stocks funds/Rebalance to preserve potential future losses?
Replies: 17
Views: 1724

Re: When should I sell some stocks funds/Rebalance to preserve potential future losses?

The market will drop. If you are can't handle a drop, you have too much stock, gains or no gains. I always tried to re-balance with new money as much as possible. But what you are describing isn't re-balancing, it is a change in your target. True, maybe I need to go down to an 80/20. How should I a...
by jebmke
Wed May 05, 2021 5:16 pm
Forum: Personal Investments
Topic: When should I sell some stocks funds/Rebalance to preserve potential future losses?
Replies: 17
Views: 1724

Re: When should I sell some stocks funds/Rebalance to preserve potential future losses?

The market will drop. If you are can't handle a drop, you have too much stock, gains or no gains.

I always tried to re-balance with new money as much as possible. But what you are describing isn't re-balancing, it is a change in your target.
by jebmke
Wed May 05, 2021 7:58 am
Forum: Personal Investments
Topic: how to hedge your portfolio against rising interest rates
Replies: 14
Views: 626

Re: how to hedge your portfolio against rising interest rates

What does a surging CPI look like now? In the 70s and very early 80s I recall inflation rates hit mid-teens percent. My first mortgage was 14%.
by jebmke
Wed May 05, 2021 7:36 am
Forum: Personal Finance (Not Investing)
Topic: New car purchase with credit card(s)
Replies: 19
Views: 1543

Re: New car purchase with credit card(s)

We did it back in 2006 when we returned to the US. Most of our "free cash" was in a non-US bank at the time and we needed a car quickly. I put it on my green American Express card.
by jebmke
Tue May 04, 2021 5:07 pm
Forum: Investing - Theory, News & General
Topic: Keeping track of my investments?
Replies: 18
Views: 1494

Re: Keeping track of my investments?

If you keep them all at one brokerage, they will keep track of everything for you.
by jebmke
Tue May 04, 2021 1:34 pm
Forum: Personal Investments
Topic: Retirees: Distributions in down markets
Replies: 43
Views: 3061

Re: Retirees: Distributions in down markets

We have always simply withdrawn when and if needed, not before. In '09 we actually increased our spending quite a bit; prices for travel were too good to pass up and crowds were thin. It was also a good time to get home improvements done since contractors were available and prices were rock bottom.
by jebmke
Mon May 03, 2021 5:02 pm
Forum: Personal Investments
Topic: Can I retire by end of year
Replies: 27
Views: 3696

Re: Can I retire by end of year

70% stocks / 30% bonds or 60% stocks / 40% bonds (Not yet completely settled on this and would appreciate some guidance) the difference between these is negligible. 10% of stocks or 0% of stocks (Unsure) again, probably not material difference. IMO less than 20-25% weighting on a "factor"...
by jebmke
Mon May 03, 2021 3:49 pm
Forum: Personal Consumer Issues
Topic: Transplanted Satsuma Tree
Replies: 4
Views: 494

Re: Transplanted Satsuma Tree

Our tree guy suggests not using any fertilizer the first year a tree is relocated. Generally the plant will be focusing most of its early growth in the roots.
by jebmke
Mon May 03, 2021 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: What if filing taxes late
Replies: 3
Views: 483

Re: What if filing taxes late

Based on many recent reports, Direct Pay (and EFTPS) are more reliable than making the payment through a software firm. They may have resolved the issues with software interface to MEF filing system but for weeks, payments were being delayed for many days.
by jebmke
Mon May 03, 2021 6:10 am
Forum: Personal Finance (Not Investing)
Topic: end-of-life values statement
Replies: 42
Views: 4949

Re: end-of-life values statement

Didn’t read, not actionable for me wrt you. Most relevant feedback should be from family and whoever is your medical POA recipient as well as your doc. Agree with post about standard formats. Providers will be very familiar with them.
by jebmke
Sun May 02, 2021 5:26 pm
Forum: Personal Consumer Issues
Topic: Attic fan making noise lately
Replies: 11
Views: 625

Re: Attic fan making noise lately

What kind of noise? Rattle, squeak, vibration, ??? My house came with one and it always sounded like a freight train. After getting AC installed I decided to remove the louvers and seal it up. Eventually I went to drywall over the hole and discovered that the fan had never been fastened to the raft...
by jebmke
Sun May 02, 2021 5:16 pm
Forum: Personal Consumer Issues
Topic: Attic fan making noise lately
Replies: 11
Views: 625

Re: Attic fan making noise lately

When we had our house inspected prior to making an offer, one of the large gable fans was not operating. The inspector looked around and said, "if you want to make things more comfortable in the house and save energy, seal the attic from the house, put ridge vents in where they should have been...
by jebmke
Sat May 01, 2021 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Did You Budget for Travel in Retirement?
Replies: 122
Views: 10633

Re: How Much Did You Budget for Travel in Retirement?

A tourist just purchases a tour and everything is done for them. A traveler basically does everything on their own, uses local transit, local homes/B&Bs, local restaurants, and enjoys the beauty of each place and people on its own merit and not from a tour bus window following the mass of other...
by jebmke
Sat May 01, 2021 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Did You Budget for Travel in Retirement?
Replies: 122
Views: 10633

Re: How Much Did You Budget for Travel in Retirement?

One thing I will note. While we are way under our original assumption (13+ years ago) about travel spend, our total spending, on average, is quite close to what I expected. Significant year to year variation but the average is closer than I expected.
by jebmke
Sat May 01, 2021 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Did You Budget for Travel in Retirement?
Replies: 122
Views: 10633

Re: How Much Did You Budget for Travel in Retirement?

Certainly better than going when you don’t want to.
by jebmke
Sat May 01, 2021 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Did You Budget for Travel in Retirement?
Replies: 122
Views: 10633

Re: How Much Did You Budget for Travel in Retirement?

AlohaJoe wrote: Sat May 01, 2021 5:12 pm I don't understand what you can possibly do with that information, though.
Agree. We spend very little because we traveled extensively before retirement and don’t have the same appetite for travel that many do.
by jebmke
Sat May 01, 2021 5:04 pm
Forum: Personal Consumer Issues
Topic: What "Personal Fitness Products" do you use to help stay active?
Replies: 76
Views: 6196

Re: What "Personal Fitness Products" do you use to help stay active?

Today I used a rake. 50MPH wind last night did a number on oak trees.
by jebmke
Sat May 01, 2021 11:51 am
Forum: Personal Consumer Issues
Topic: HVAC replacement when experts disagree
Replies: 96
Views: 6143

Re: HVAC simplicity vs efficiency choice

We went to 2-stage heat pump (variable speed fan). One advantage of the two stage system for us is that we don't get as much drafty cooling and heating since the system can run on the lower compressor stage much of the time - and the fan runs very low for longer keeping temps much more even. So, in ...
by jebmke
Sat May 01, 2021 11:23 am
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2020 tax refund?
Replies: 172
Views: 15189

Re: How quickly did you receive your 2020 tax refund?

e-filed my return on 4/26th. Accepted in 4 minutes. IRS shows it as still in process, as I'd expect.

e-filed another return on 4/20, accepted right away. IRS shows check will be sent by May 7.
by jebmke
Sat May 01, 2021 6:05 am
Forum: Personal Investments
Topic: HSA Contribution Tax Deduction Question
Replies: 8
Views: 764

Re: HSA Contribution Tax Deduction Question

In addition to the other comments, note that if you make direct contributions to the HSA (the only option for previous year contributions between the end of the year and your tax filing deadline) you deduct the contribution of form 8880, while if you make payroll deducted contributions these will a...
by jebmke
Fri Apr 30, 2021 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle when IRS wrongly adjusts 1040
Replies: 14
Views: 1694

Re: How to handle when IRS wrongly adjusts 1040

Normally they will send you a letter with the details behind the adjustment. Eventually it should also appear in your transcript which will be available online. The best way I have found is to reply to the letter with specific documentation on why their adjustment is incorrect. Simply saying "I...
by jebmke
Fri Apr 30, 2021 5:26 pm
Forum: Investing - Theory, News & General
Topic: Is bond fund really an index fund?
Replies: 14
Views: 962

Re: Is bond fund really an index fund?

Something is an index fund if it tracks an underlying index. I don't disagree, but, how does one maintain an index if bonds are constantly being added and subtracted. Buy the new stuff as the old stuff matures. Just like buying a stock into the 500 Index when it is added and selling off one that go...
by jebmke
Fri Apr 30, 2021 4:55 pm
Forum: Personal Consumer Issues
Topic: Apple Airtags/Tile
Replies: 30
Views: 2383

Re: Apple Airtags/Tile

srt7 wrote: Fri Apr 30, 2021 4:20 pm The older one has an iPhone but nothing for my youngest.
Do you frequently lose the youngest? What is the range on airtag?
by jebmke
Fri Apr 30, 2021 11:22 am
Forum: Personal Consumer Issues
Topic: Apple Airtags/Tile
Replies: 30
Views: 2383

Re: Apple Airtags/Tile

I will probably buy an Airtag for my keys. What I really dislike is needing to buy an accessory to attach it to my keychain. I thought about that for myself as well but I'm more likely to forget where my phone is than my keys. I often leave it in the car or my desk for days and have to think about ...
by jebmke
Fri Apr 30, 2021 8:41 am
Forum: Personal Investments
Topic: Eliminating bonds?
Replies: 61
Views: 5959

Re: Eliminating bonds?

strictly a risk tolerance question that only you can answer. Lots of people are 100% equity. Some of my retiree friends are 100% equity, although most have pretty good pensions which reduce or eliminate their dependence on portfolio assets.
by jebmke
Fri Apr 30, 2021 8:32 am
Forum: Personal Consumer Issues
Topic: Apple Airtags/Tile
Replies: 30
Views: 2383

Re: Apple Airtags/Tile

They may need a second tag to notify them that their first tag is lost and missing. I don't think the tag does anything active other than broadcast a signal so I'm not sure how that would work. But I could be wrong. What I really need is an app that shouts at the person if they walk away from their...
by jebmke
Thu Apr 29, 2021 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Question
Replies: 21
Views: 1552

Re: HSA Question

What is the proof that you were covered by an HSA-eligible plan? Something from the insurer? Or your 1095? Something else? This was a retiree medical plan and my former employer always provided a confirmation statement of coverage during open enrollment -- even when I was employed. I kept them each...
by jebmke
Thu Apr 29, 2021 5:38 pm
Forum: Personal Consumer Issues
Topic: Apple Airtags/Tile
Replies: 30
Views: 2383

Re: Apple Airtags/Tile

rich126 wrote: Thu Apr 29, 2021 5:14 pm guess I'm the odd ball. I still only use a passcode/password and never use the fingerprint/face recognition method.
and that continues to work even if one sets up face recognition. I use face recognition but if necessary I can tap in the code. Not a big deal.
by jebmke
Thu Apr 29, 2021 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Question
Replies: 21
Views: 1552

Re: HSA Question

Yes, you can. If it is a qualified medical expense per the HSA guidelines, it doesn't matter if it is insurable in part or not. Thanks for the clarification. Just make sure to save all your EOB (explanation of benefit) statements *in addition to * saving receipts, cancelled checks, etc. so you can ...
by jebmke
Thu Apr 29, 2021 10:47 am
Forum: Personal Finance (Not Investing)
Topic: HSA Question
Replies: 21
Views: 1552

Re: HSA Question

Yes, you can. If it is a qualified medical expense per the HSA guidelines, it doesn't matter if it is insurable in part or not.