Search found 4222 matches

by mhc
Wed Apr 07, 2021 2:48 pm
Forum: Personal Consumer Issues
Topic: Pool Walking Shoe?
Replies: 8
Views: 720

Re: Pool Walking Shoe?

I wear scuba dive boots/shoes for all my aquatic needs. I've had to same pair for almost 2 decades. They have a hard rubber sole with traction. I love them because they also allow me to walk on rocky surfaces when needed. I don't know the brand, but I would recommend a quality dive boot/shoe. The so...
by mhc
Wed Apr 07, 2021 11:14 am
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6210

Re: How much cash do you really hold?

I have $0 in my investible assets (ignoring the $0.02 in my Roth settlement account).

We have a checking account for monthly bills, and a small savings account with our "just in case" money. Our cash is usually about 0.5% of our net worth.
by mhc
Fri Mar 26, 2021 3:05 pm
Forum: Personal Investments
Topic: RSU's after separation: is it earned income?
Replies: 24
Views: 1690

Re: RSU's after separation: is it earned income?

My understanding is you will be able to make the contribution. You could wait until you get the W-2 in 2023 to be sure. You will have until April 15, 2023 to make your 2022 IRA contribution. My understanding is stock options and RSUs count. Deferred compensation does not count. FWIW - I’m currently...
by mhc
Thu Mar 25, 2021 3:11 pm
Forum: Personal Consumer Issues
Topic: Repairs without authorization
Replies: 16
Views: 1131

Re: Repairs without authorization

If it was a mechanic I generally trusted and wanted to use again and the $200 seems like a fair price and it is likely the car really did need that fix, then I would pay him $200 and thank him. If you can't afford the $200, give him as much as you can up to $200. If you don't trust him, I would not ...
by mhc
Thu Mar 25, 2021 3:02 pm
Forum: Personal Investments
Topic: RSU's after separation: is it earned income?
Replies: 24
Views: 1690

Re: RSU's after separation: is it earned income?

My understanding is you will be able to make the contribution. You could wait until you get the W-2 in 2023 to be sure. You will have until April 15, 2023 to make your 2022 IRA contribution. My understanding is stock options and RSUs count. Deferred compensation does not count. So in your opinion t...
by mhc
Thu Mar 25, 2021 2:51 pm
Forum: Personal Investments
Topic: RSU's after separation: is it earned income?
Replies: 24
Views: 1690

Re: RSU's after separation: is it earned income?

My understanding is you will be able to make the contribution. You could wait until you get the W-2 in 2023 to be sure. You will have until April 15, 2023 to make your 2022 IRA contribution.

My understanding is stock options and RSUs count. Deferred compensation does not count.
by mhc
Thu Mar 25, 2021 2:39 pm
Forum: Personal Investments
Topic: RSU's after separation: is it earned income?
Replies: 24
Views: 1690

Re: RSU's after separation: is it earned income?

https://www.irs.gov/pub/irs-pdf/p590a.pdf Look at page 6 "What is Compensation" Wages, salaries, etc. Wages, salaries, tips, professional fees, bonuses, and other amounts you receive for providing personal services are compensation. The IRS treats as compensation any amount properly shown...
by mhc
Tue Mar 23, 2021 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax strategies pre-retirement
Replies: 8
Views: 847

Re: Tax strategies pre-retirement

You seem to have a pretty good grasp of the options. One item I didn't see in your post has to do with charitable donations. If you make charitable donations, you can donate funds with long term capital gains and get a double tax benefit. Just backfill by buying the funds with the cash you would nor...
by mhc
Tue Mar 23, 2021 1:57 pm
Forum: Personal Consumer Issues
Topic: Refrigerator Dimensions - How closely do these need to be adhered to?
Replies: 11
Views: 1321

Re: Refrigerator Dimensions - How closely do these need to be adhered to?

Assuming you can easily get it in and out of the desired space, the only down side I could see is efficiency. Refrigerators have to remove heat from the objects place inside the refrigerator. The heat has to go into the room. If there are walls really close to the refrigerator, the heat will go into...
by mhc
Mon Mar 22, 2021 9:49 am
Forum: Personal Consumer Issues
Topic: New Glasses, Costco or Walmart?
Replies: 41
Views: 2666

Re: New Glasses, Costco or Walmart?

I have never used Walmart, but I just got 3 pairs of prescription glasses from Costco (distance, computer, sunglasses). I am very pleased with Costco. I had tried the online route several times, but I always chose ill-fitting glasses. I much prefer the in-person route. With VSP, my glasses were $220...
by mhc
Mon Mar 22, 2021 9:06 am
Forum: Personal Investments
Topic: Cleanest Mutual Fund performance and analysis site?
Replies: 16
Views: 961

Re: Cleanest Mutual Fund performance and analysis site?

What kind of analysis are you trying to do?

The only analysis I have ever done is plotting funds vs an index using Morningstar. I would do this to look for tracking error.

The general approach here is to build a well-diversified, low cost portfolio using index funds. Very little analysis is needed.
by mhc
Mon Mar 15, 2021 2:27 pm
Forum: Personal Investments
Topic: Is My 401k Worth It?
Replies: 26
Views: 2622

Re: Is My 401k Worth It?

I would use the 401k to get the 3%. The Principal funds are reasonable enough. How much do you have to contribute to get the 3%? I would probably contribute that much and then look at investing in other accounts. If you get 3% for putting in 3%, that is a 100% instant return. It takes a rather large...
by mhc
Thu Mar 11, 2021 10:45 am
Forum: Personal Consumer Issues
Topic: courses/classes in card games - the basics?
Replies: 39
Views: 3045

Re: courses/classes in card games - the basics?

When we were kids, we used According to Hoyle. We learned poker by reading the book and playing with friends. In the summer, we played poker all day some times. We also enjoyed Pitch and Pinochle. In the Army, I really enjoyed Spades. It is a fun social game that is not too hard to learn. The gambli...
by mhc
Wed Mar 10, 2021 12:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard CS - ugh
Replies: 14
Views: 1135

Re: Vanguard CS - ugh

Take a look at: https://thefinancebuff.com/how-to-report-backdoor-roth-in-turbotax.html Box 1 shows the amount converted to Roth IRA. It’s normal to have the same amount as the taxable amount in Box 2a, when Box 2b is checked saying “taxable amount not determined.” Pay attention to the code in Box 7...
by mhc
Wed Mar 10, 2021 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Over covered with Towing
Replies: 11
Views: 799

Re: Over covered with Towing

My DW has the basic AAA. She has used it once when the car wouldn't start while away from home. Turned out she hadn't put the car all the way in park. The AAA guy figured out. I think she also got the basic for our son once he started driving. I have not needed to have a car towed in over 30 years. ...
by mhc
Mon Mar 08, 2021 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Internal salary negotiation with significantly appreciated RSUs
Replies: 38
Views: 3186

Re: Internal salary negotiation with significantly appreciated RSUs

I am also in the tech industry and so are my friends. I have never tested the waters, but one of my friends told me that I should be able to get up to 7 figures from a new company to make me whole on unvested equity. I am below the director level.
by mhc
Fri Mar 05, 2021 12:55 pm
Forum: Personal Investments
Topic: Is it important to log what I bought a mutual fund for at different points?
Replies: 15
Views: 3781

Re: Is it important to log what I bought a mutual fund for at different points?

OP,

it is not important as long as nothing goes wrong.

It may be prudent to download statements and hold on to them. PDFs don't take up much room on a hard drive.
by mhc
Fri Mar 05, 2021 12:05 pm
Forum: Personal Investments
Topic: Hedging lump sum with a tax-loss harvesting strategy
Replies: 6
Views: 372

Re: Hedging lump sum with a tax-loss harvesting strategy

One way to determine acceptable TLH pairs is to plot there total returns (Morningstar can do this) and see if they are essentially the same. All of my bonds are in my 401k, so I have never needed to TLH a bond fund. I would look at the other bond funds that have an intermediate duration. Replicating...
by mhc
Thu Mar 04, 2021 4:11 pm
Forum: Personal Investments
Topic: Hedging lump sum with a tax-loss harvesting strategy
Replies: 6
Views: 372

Re: Hedging lump sum with a tax-loss harvesting strategy

You want to set your accounts to specific ID so you can choose which shares to TLH. You also want to know what replacement funds to use. Have at least one fund in mind. If things keep falling, knowing 2 or 3 replacement funds can be useful. I also prefer to have distributions (dividends and cap gain...
by mhc
Wed Mar 03, 2021 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Contribution - TurboTax Handling
Replies: 6
Views: 409

Re: DAF Contribution - TurboTax Handling

I always say no.

When I donate to Vanguard Charitable, I do not apply any conditions or restrictions or anything else.
by mhc
Wed Mar 03, 2021 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Urgent Care bill - does this seem high?
Replies: 44
Views: 2450

Re: Urgent Care bill - does this seem high?

$229

Sounds like a reasonable cost. Unfortunately, medical costs are high across the board. When you asked if it seems high, I was expecting a multi-thousand dollar bill.
by mhc
Mon Mar 01, 2021 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much leave to the charity in will
Replies: 27
Views: 1499

Re: How much leave to the charity in will

We give a lot to charity every year (15% of all spend), but we have no plans to leave any of our estate to charity. Hopefully, our children will be charitable. Any money left to our children will hopefully find its way to charity. One caveat is that we have a largish DAF. I know we do not own the DA...
by mhc
Tue Feb 23, 2021 10:13 am
Forum: Personal Investments
Topic: CORRECTED 1099 poll
Replies: 17
Views: 916

Re: CORRECTED 1099 poll

I have only ever received 1 corrected 1099. It came in around April 5. I had sent in my return on April 1. I guess I was the April fool that year. :oops:
by mhc
Sat Feb 20, 2021 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Revealing net worth
Replies: 251
Views: 16517

Re: Revealing net worth

I update my DW about once a year. Otherwise, I do not disclose our net worth. I don't see any good coming of disclosing it. Some day we will probably have to disclose it to our children. I don't think anyone would be able to guess our net worth. We live well below our means. We live in an average ho...
by mhc
Sat Feb 20, 2021 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Cash: a survey
Replies: 95
Views: 6315

Re: Cash: a survey

1. 0.6% of portfolio 2. 2-3 months of living expenses 3. retirement in next few years I do not have an emergency fund. I have only one portfolio. I include checking and savings account as part of the portfolio. I'll probably set aside a little extra cash soon because we will be buying a new car this...
by mhc
Sat Feb 20, 2021 3:38 pm
Forum: Personal Consumer Issues
Topic: Summer vacation in Colorado
Replies: 28
Views: 2592

Re: Summer vacation in Colorado

I would never recommend Boulder, but I live less than an hour north of there. The real treasures of Colorado are the mountains. There are so many places to go. I would definitely head west of Breckenridge. Here are a few places to check out if you don't mind driving: Glenwood Springs Ouray Telluride...
by mhc
Thu Feb 18, 2021 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Seeking help with Foreign Tax Credit (Form 1116) in TurboTax
Replies: 13
Views: 771

Re: Seeking help with Foreign Tax Credit (Form 1116) in TurboTax

I'm not an expert, but were you given the option of taking a credit or deduction? What happens if you take the deduction instead? Can your software handle that?

The credit vs deduction is a don't care when it is only $5.
by mhc
Wed Feb 17, 2021 10:52 am
Forum: Personal Consumer Issues
Topic: Why are some grocery store items available for in-store pickup only (not curbside pickup)?
Replies: 9
Views: 999

Re: Why are some grocery store items available for in-store pickup only (not curbside pickup)?

My DW comments about this also. I assume it is about the margins on those products. I hope it is not to draw people into the store, but it might be.
by mhc
Tue Feb 16, 2021 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Just landed a permanent WFH job across the country. What's your best WFH investment to make your life better?
Replies: 77
Views: 7311

Re: Just landed a permanent WFH job across the country. What's your best WFH investment to make your life better?

oilrig wrote: Tue Feb 16, 2021 2:39 pm The Mouse Jiggler has been by far my best investment. I can step away from my laptop and my laptop will never go to sleep or power off :)
I have an autohotkey script that does this for me.

I guess if my employer started monitoring keystrokes, I could use it for that too. :twisted:
by mhc
Tue Feb 16, 2021 11:39 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270491

Re: Post your Financial Milestone Announcements Here

diydocwifejd wrote: Tue Feb 16, 2021 9:18 am We are buying our first all-cash car on Wednesday, and I am so excited and so proud! It's long overdue (and we've had the funds waiting for well over a year). I couldn't share something like this in real life, but I wanted to share with you all! :beer
Good job! :beer
by mhc
Tue Feb 16, 2021 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Restricted Stock Units Tax Reporting Question
Replies: 5
Views: 289

Re: Restricted Stock Units Tax Reporting Question

You are correct that the W-2 will show the income. You are not correct that you can ignore the 1099-B. You need to report the stock sale. The correct cost basis is the price that you paid for the shares. For some reason, the cost basis gets reported as zero. That's okay. You are allowed to correct t...
by mhc
Tue Feb 16, 2021 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Just landed a permanent WFH job across the country. What's your best WFH investment to make your life better?
Replies: 77
Views: 7311

Re: Just landed a permanent WFH job across the country. What's your best WFH investment to make your life better?

1. chair, spend a lot on this if you can 2. I use dual monitor. 43" 4k TV and 27" 2.5k monitor. I use a floor stand for the 43" to free up desk space. These 2 monitors are really close in DPI. 3. active noise cancelling earbuds and/or headphones for music, phone calls, meetings 4. if ...
by mhc
Mon Feb 15, 2021 10:51 pm
Forum: Personal Consumer Issues
Topic: Computer monitor
Replies: 40
Views: 2689

Re: Computer monitor

Take a look at rtings.com

I use a 43" 4k TV and 27" 2.5k monitor for work. Both are great. If you have the space and need a lot of screen space, go with the 43" 4k TV. The above website can be used for picking the specific model.
by mhc
Mon Feb 15, 2021 3:51 pm
Forum: Personal Consumer Issues
Topic: Dryer vent cleaning DIY or Professional?
Replies: 45
Views: 4213

Re: Dryer vent cleaning DIY or Professional?

Clean it out. I have a similar setup to you. right angle at wall, then right angle under flow, then 15' to outside. Mine became almost 100% clogged. It took me 6 hours to clear it. I found the dry wall circle in the vent pipe. I guess they cut out the wall and the circle fell in. They just left it. ...
by mhc
Tue Feb 09, 2021 11:26 am
Forum: Personal Investments
Topic: Are Bogleheads still investing at Vanguard?
Replies: 132
Views: 11600

Re: Are Bogleheads still investing at Vanguard?

Still at Vanguard and have no plans to leave. I only have to call them maybe once every few years. Last year I called them. I was able to leave my number, and they called me back. I like that. They were able to understand the issue. They said they would call me back in a couple of days once the pro...
by mhc
Tue Feb 09, 2021 10:17 am
Forum: Investing - Theory, News & General
Topic: If you are investing in a traditional 401(k) or traditional IRA, do you have a good reason for doing this?
Replies: 156
Views: 9327

Re: If you are investing in a traditional 401(k) or traditional IRA, do you have a good reason for doing this?

I do it for your #1 reason. It is only 1 reason, but it can be a really big reason, especially for high earners that retire early. I suppose I also do it because I follow the general philosophy of don't pay taxes until I have to because I do not know what the future will hold. Once one pays the taxe...
by mhc
Tue Feb 09, 2021 10:10 am
Forum: Personal Investments
Topic: Are Bogleheads still investing at Vanguard?
Replies: 132
Views: 11600

Re: Are Bogleheads still investing at Vanguard?

Still at Vanguard and have no plans to leave. I only have to call them maybe once every few years. Last year I called them. I was able to leave my number, and they called me back. I like that. They were able to understand the issue. They said they would call me back in a couple of days once the prob...
by mhc
Mon Feb 08, 2021 9:57 am
Forum: Investing - Theory, News & General
Topic: Math of a donor advised fund
Replies: 32
Views: 1946

Re: Math of a donor advised fund

DAF is great for separating donation for tax purposes and donation to the final charity. This can help in taking standard deduction one year and itemizing the next. I have been using my DAF to liquidate an old un-covered mutual fund. As I make donations to the DAF, I back fill with a more desirable ...
by mhc
Fri Feb 05, 2021 4:26 pm
Forum: Personal Investments
Topic: Am I Using FIRECalc Correctly?
Replies: 8
Views: 1170

Re: Am I Using FIRECalc Correctly?

Seems reasonable to me. $430k compounding for 35 years will do it. Just keep in mind that you may not be able to work for 35 years. Also, a lot can happen in 70 years. I would recommend still saving. Avoid behavioral mistakes and avoid excessive life-style creep and it looks like you have a good shot.
by mhc
Tue Feb 02, 2021 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in job or Lose $420k?
Replies: 37
Views: 4721

Re: Stay in job or Lose $420k?

I would stick it out, but I'm not you. 11 months is nothing in the big scheme of things. Are your skills in high enough demand that you could get the new company to match the bonus or at least a significant part of it? If so, leave. If not, stay. $280-420, could allow you to retire a few years earli...
by mhc
Wed Jan 27, 2021 4:57 pm
Forum: Personal Consumer Issues
Topic: Ways to reach out and encourage others during pandemic
Replies: 10
Views: 820

Re: Ways to reach out and encourage others during pandemic

Meet in person outside. Sit around a firepit if it is cold outside. I talk to many neighbors just about every day when I am out walking the dog. I normally have a big BBQ at my house every summer. This year we decided to not meet. Instead we all showed up at a park and exchanged food. We have also m...
by mhc
Thu Jan 21, 2021 12:41 pm
Forum: Personal Investments
Topic: So you hit your number. Now what?
Replies: 75
Views: 8512

Re: So you hit your number. Now what?

I'm not changing anything, but I also don't plan to change much once I retire. I'm at 75/25. Maybe I'll drop to 70/30 when I retire, but I am planning on a 40 year retirement.
by mhc
Thu Jan 21, 2021 12:38 pm
Forum: Personal Consumer Issues
Topic: I can’t bring myself to spend as much as my first new car on roller shades
Replies: 34
Views: 2352

Re: I can’t bring myself to spend as much as my first new car on roller shades

I would put them in. I assume $8k is a small percent of the value of the house. It also seems like it would give you peace of mind. Maybe the other people moved out of the house due to lack of privacy and they didn't want to pay the $8k. :D I would see if the shades could be put on a timer and contr...
by mhc
Sun Jan 17, 2021 4:48 pm
Forum: Personal Consumer Issues
Topic: What to do with Amazon gift cards?
Replies: 37
Views: 5511

Re: What to do with Amazon gift cards?

I recently compared Amazon subscribe and save prices to Walmart, and Amazon was on par with Walmart. We use Amazon to deliver items monthly that we need (toilet paper, dog food, paper towels, coffee, ...).
by mhc
Mon Jan 11, 2021 12:37 pm
Forum: Personal Consumer Issues
Topic: Eye glasses question
Replies: 20
Views: 1312

Re: Eye glasses question

I have a pair of glasses just for the computer. The center is set for the distance to my computer screens. Top is for distance and the bottom is for reading. Costco was able to figure this out with the prescription from my eye doctor. I have been very pleased with my computer glasses.
by mhc
Fri Jan 08, 2021 11:22 am
Forum: Investing - Theory, News & General
Topic: Aggressive AA cannot compensate for a low saving rate!
Replies: 84
Views: 5596

Re: Aggressive AA cannot compensate for a low saving rate!

Klangfool,

you demonstrate a very good point. Thank you for your analysis.

It would be interesting to see another data point in your analysis. Maybe the 10% saving rate and/or a saving rate that takes 40 years. Obviously, the AA will have more impact, but how much?
by mhc
Thu Jan 07, 2021 11:49 am
Forum: Investing - Theory, News & General
Topic: What is the "Quit when you won the game" portfolio?
Replies: 177
Views: 18847

Re: What is the "Quit when you won the game" portfolio?

3 fund portfolio equities between 25-75% depending on willingness and need to take risk. a lot more information is needed to make a more specific recommendation. no more than a month or two of cash. cash is a real drag on returns. holding cash means you have to have a larger portfolio to declare tha...
by mhc
Wed Jan 06, 2021 10:22 am
Forum: Personal Investments
Topic: FIRECalc ("FC") Plans Feedback
Replies: 6
Views: 727

Re: FIRECalc ("FC") Plans Feedback

I also agree that it seems that you are using the tool correctly. When using tools like FC, I like to determine how sensative the output is to the input. For example, if your expenses increases by 10% what happens to the success rate. If you retire 1 year earlier, what happens to the success rate. Y...
by mhc
Thu Dec 31, 2020 2:14 pm
Forum: Investing - Theory, News & General
Topic: How much cash do you hold in your investment account?
Replies: 53
Views: 4600

Re: How much cash do you hold in your investment account?

You have it right. Invest the money when you get it. Cash is a drag on a portfolio.

I think I have $22 on my settlement fund. I have no idea where it came from and why I haven't done something with it.
by mhc
Tue Dec 29, 2020 11:25 am
Forum: Investing - Theory, News & General
Topic: DAFs
Replies: 33
Views: 2020

Re: DAFs

I have been using Vanguard Charitable for about 5 years. I like how it electronically links to my Vanguard brokerage account. The minimums are no problem. If the high minimums were an issue, I would try Fidelity Charitable.