Seems a bit premature to say that. The settlement hasn't been approved, let alone put into place yet.
Search found 3323 matches
- Mon Mar 18, 2024 10:12 pm
- Forum: Personal Finance (Not Investing)
- Topic: The NAR settlement doesn't mean what you think what it means
- Replies: 44
- Views: 2643
- Mon Mar 18, 2024 10:11 pm
- Forum: Personal Finance (Not Investing)
- Topic: The NAR settlement doesn't mean what you think what it means
- Replies: 44
- Views: 2643
Re: The NAR settlement doesn't mean what you think what it means
Contrary to what the OP stated the jury DID find the NAR and Berkshire guilty of conspiracy. I guess anyone can have their own facts nowadays. https://fortune.com/2023/10/31/real-estate-antitrust-trial-brokerage-nar-1-8-billon-verdict-conspiracy-housing/ And a jury famously once found McDonald's guilty of serving hot coffee. Most developed countries globally do not use juries for civil trials. The issues involved are simply too complex. Appeals courts reverse civil verdicts all the time- as an example that happened only a month ago, the 5th Circuit reversed a $366 million discrimination suit against FedEx. The 4th Circuit overturned a $1 billion dollar (!) patent verdict against Cox Communications only two months ago. The history of absurd...
- Mon Mar 18, 2024 8:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: How worthwhile is Zillow to estimate home value?
- Replies: 38
- Views: 2530
Re: How worthwhile is Zillow to estimate home value?
Not in the field, but in some markets, you can look at what has sold in your area in the last 6 months, 3 months, year, etc. to get an idea of what comparable properties have sold for. I use Redfin to do this. In a stable market, you can look back longer. In a market like 2021, only a few months.
- Mon Mar 18, 2024 8:37 pm
- Forum: Personal Finance (Not Investing)
- Topic: The NAR settlement doesn't mean what you think what it means
- Replies: 44
- Views: 2643
Re: The NAR settlement doesn't mean you think what it means
"It's not some kind of cartel." The jury found they were violating the Sherman Anti-Trust law, so yeah, I think it is.
- Mon Mar 18, 2024 7:18 pm
- Forum: Forum Issues and Administration
- Topic: Rule Against Disparaging a Post or Question?
- Replies: 12
- Views: 1275
Rule Against Disparaging a Post or Question?
There seem to be some long time posters who like to tell people that their question is one that has been answered many times before or even that their question is not a good question. Rather than simply not clicking on the question and scrolling past, they have to weigh in negatively. It seems opposed to the concept of the forum. Any chance we can discourage this behavior?
- Sun Mar 17, 2024 12:28 pm
- Forum: Investing - Theory, News & General
- Topic: Vanguard 2024 Dividend Schedule
- Replies: 41
- Views: 8834
- Sat Mar 16, 2024 6:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: tax brackets etc assuming TCJA sunset no new laws
- Replies: 24
- Views: 2436
Re: tax brackets etc assuming TCJA sunset no new laws
You made me go look!toddthebod wrote: ↑Sat Mar 16, 2024 6:04 pmYeah, I don't know what I was looking at.retiredjg wrote: ↑Sat Mar 16, 2024 5:43 pmI think you mean part of the 22% bracket will turn into 28%.toddthebod wrote: ↑Sat Mar 16, 2024 5:31 pmUnfortunately, half the 12% bracket will turn into the 28% bracket.steadyosmosis wrote: ↑Sat Mar 16, 2024 5:26 pm I convert dollars into Roth any year that I can do so at marginal federal tax cost of 12%, or less.
When TCJA expires, I will convert at 15%, or less.
https://www.putnam.com/individual/conte ... s-act-tcja
- Sat Mar 16, 2024 5:24 pm
- Forum: Investing - Theory, News & General
- Topic: Anybody heard stories of well "prepared" retirees running out of money?
- Replies: 97
- Views: 11167
Re: Anybody heard stories of well "prepared" retirees running out of money?
Even though we discuss money pretty openly on this forum, I don't find that people do that in the real world. It is one of those taboos (politics, religion, sex). I have some friends and associates who are more open than others but I have never heard anyone quote a withdrawal rate. I have no idea if the people I know are withdrawing 4% or some other amount. A lot of my friends use financial advisors, so I assume they are using some variable withdrawal rate. Quite a few people I know have done part time work in retirement. They express it as a need to stay active rather than a need for money though. I have many family members who can live on social security alone. They may run out of savings before they die because they won't have a lot to s...
- Sat Mar 16, 2024 12:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Reevaluating social security
- Replies: 49
- Views: 4210
Re: Reevaluating social security
At the top, there is a box to check for other scenarios. Check that and look for one that says “I am still working” and enter what you expect to make and what he expects to make. It may yield a different answer than you are getting without those inputs.
- Sat Mar 16, 2024 10:05 am
- Forum: Personal Finance (Not Investing)
- Topic: Am I Only One Who Hates Having Left Over Pennies
- Replies: 53
- Views: 4137
Re: Am I Only One Who Hates Having Left Over Pennies
Yes, unless my hands are full or a car is coming.Nowizard wrote: ↑Sat Mar 16, 2024 9:30 am Same here. Apparently, one reason there are so many minted is that people put them in a jar and never spend or take them to a bank. I do roll them and take them as part of a major altruistic effort of avoiding minting of a few pennies that will eventually aggravate others. A related question is whether pennies seen on the ground when walking are picked up (actionable comment).
Tim
- Fri Mar 15, 2024 8:22 pm
- Forum: Personal Finance (Not Investing)
- Topic: Am I Only One Who Hates Having Left Over Pennies
- Replies: 53
- Views: 4137
Re: Am I Only One Who Hates Having Left Over Pennies
I thought this was going to be a post about your change jar.
- Fri Mar 15, 2024 5:54 pm
- Forum: Personal Finance (Not Investing)
- Topic: Estate Plan in Colorado - Will v Trust?
- Replies: 13
- Views: 1138
Re: Estate Plan in Colorado - Will v Trust?
We are also in Colorado and ask our attorney at each update if we need anything other than a testamentary trust. It is starting to sound a lot like “but everyone else has one!” She assures us we do not.
- Fri Mar 15, 2024 3:19 pm
- Forum: Personal Investments
- Topic: Share class transfer error triggers taxable event- looking for insight
- Replies: 10
- Views: 1075
Re: Share class transfer error triggers taxable event- looking for insight
That makes sense. It seems to me they should give you shares of the correct fund in a $ equivalent to the market value of your institutional shares. And if possible, give you credit for the holding period.Colibri25 wrote: ↑Fri Mar 15, 2024 8:46 amAgree, I would like to hold those but I wasn't offered that as an option- but I will try to push for that.lazynovice wrote: ↑Thu Mar 14, 2024 1:42 pm Are you willing to hold those lots? I would if it meant keeping my gains.
I wonder if that wasn't offered because VITNX is an institutional fund with a minimum balance of 5M and essentially my balance would be around 100K with the new lots.
- Thu Mar 14, 2024 5:32 pm
- Forum: Personal Investments
- Topic: Questions on Wash Sale?
- Replies: 71
- Views: 3781
Re: Questions on Wash Sale?
Yes, you can claim the loss.
- Thu Mar 14, 2024 4:47 pm
- Forum: Investing - Theory, News & General
- Topic: Specific ID method makes most sense right?
- Replies: 40
- Views: 3977
Re: Specific ID method makes most sense right?
I thought average cost basis is only locked in after you make a sale. That’s what I meant. But is the counter true - if you go with spec id, and make a sale, can you later switch? If so, that seems all the more reason to pick spec ID as my default. There is no reason NOT to use SpecID 100% of the time. Unless you were re-investing dividends and capital gains for 20 years, and now have a hundred or more tiny lots to deal with. This is where I'm coming from. Ive held vtiax so long, all the shares are gains, and I only added to the MF four times 2008-2011.. I understand that you can choose which shares to sell using specid, but is it as simple as choosing a lot from the gain/loss column which are the most negative or least positive? Ignore al...
- Thu Mar 14, 2024 4:44 pm
- Forum: Investing - Theory, News & General
- Topic: Specific ID method makes most sense right?
- Replies: 40
- Views: 3977
Re: Specific ID method makes most sense right?
Looking at my Fidelity account settings... The Default Disposal Method for "Stocks/ETFs, Options, Fixed Income" is "First In, First Out (FIFO)." It looks like I can change this. The Default Disposal Method for Mutual Funds is "First In, First Out (FIFO)." I don't see an option to change this. The current Cost Basis by account for "Stocks/ETFs, Options, Fixed Income" is as follows: HSA = Actual Cost Roth IRA = Actual Cost Joint WROS = Actual Cost The current Cost Basis by account for "Mutual Funds" is as follows: HSA = Average Cost Roth IRA = Actual Cost Joint WROS = Average Cost There are a lot of different options to change the Default Disposal Method. Any reason why I should change this f...
- Thu Mar 14, 2024 3:07 pm
- Forum: Investing - Theory, News & General
- Topic: 5M, probably enough to retire to a frugal lifestyle
- Replies: 180
- Views: 15199
Re: 5M, probably enough to retire to a frugal lifestyle
If this man posted here today, the consensus answer on this forum would be that he needs to keep working or that he needs to move. I’m not sure why everyone is so shocked. Thread after thread saying “there is no such thing as a SWR” or “the 4% rule is for a 30 year retirement.”
Of course, he is still working 35 hours a week…
Of course, he is still working 35 hours a week…
- Thu Mar 14, 2024 2:49 pm
- Forum: Personal Investments
- Topic: Investing checkup after 10 years of Boglehead forum browsing
- Replies: 4
- Views: 1191
Re: Investing checkup after 10 years of Boglehead forum browsing
1. No
2. That’s very individual
3. If you decide to tax loss harvest, this will be a problem. It’s not huge but it will create a small headache.
4. I would.
5. The risk of a down payment fund in equities is that the market drops 50% and stays there. Paying taxes on gains isn’t the risk you should be worried about.
It looks like you are doing mirrored asset allocation rather than tax efficient location. Not a huge deal, but bonds in Roth could be traded for equity and then that bond allocation could be held in the IRA or employer plan.
Can you roll the IRA into the 403(b) or employer plan? That would allow you to do Back Door Roth.
2. That’s very individual
3. If you decide to tax loss harvest, this will be a problem. It’s not huge but it will create a small headache.
4. I would.
5. The risk of a down payment fund in equities is that the market drops 50% and stays there. Paying taxes on gains isn’t the risk you should be worried about.
It looks like you are doing mirrored asset allocation rather than tax efficient location. Not a huge deal, but bonds in Roth could be traded for equity and then that bond allocation could be held in the IRA or employer plan.
Can you roll the IRA into the 403(b) or employer plan? That would allow you to do Back Door Roth.
- Thu Mar 14, 2024 1:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: CIT bond fund question
- Replies: 9
- Views: 455
Re: CIT bond fund question
I just exited a plan with CITs and balances were typically a day behind. YMMV.
- Thu Mar 14, 2024 1:42 pm
- Forum: Personal Investments
- Topic: Share class transfer error triggers taxable event- looking for insight
- Replies: 10
- Views: 1075
Re: Share class transfer error triggers taxable event- looking for insight
If you placed valid orders for the subsequent purchases, I do not see how they can force the return of those shares. They may not be able to create retroactive purchases of the correct fund for those purchases since they made no error. Are you willing to hold those lots? I would if it meant keeping my gains.
- Thu Mar 14, 2024 1:12 pm
- Forum: Personal Investments
- Topic: Upcoming dividend and/or capital gain distribution scheduled warning when buying a vanguard fund
- Replies: 5
- Views: 466
Re: Upcoming dividend and/or capital gain distribution scheduled warning when buying a vanguard fund
You should calculate the tax impact to you of the dividend and compare it to how much you could make (or lose) in the market in the meantime. Don’t forget to include the tax impact of keeping the cash in a money market in the meantime. I can usually justify a wait of a day or two but not a week.applesfall23 wrote: ↑Thu Mar 14, 2024 1:06 pm Thank you. Would you suggest that I wait till tomorrow for VTIAX, and wait till 3/21 for VTSAX?
Normally I wouldn't have hesitated, but this is a larger amount, so I don't mind waiting a week.
- Tue Mar 12, 2024 5:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: Letter to heir - what would you include?
- Replies: 90
- Views: 7261
Re: Letter to heir - what would you include?
Those are all fairly common issues lawyers handle in settling an estate, working with a fiduciary, who signs the documents the lawyer prepares. I do not even know how to respond to this. It's so far from reality, I don't know what to say. Perhaps you a referring to people who choose their attorney as their executor which is not common in my circle. I don't work for a lawyer. I am a lawyer. I work in a law firm with a large T&E department that administers 7-, 8-, 9-, and 10-figure estates. When they are hired by a fiduciary to administer an estate, they usually pull the laboring oar on all this stuff, with the fiduciary signing off, either literally or figuratively. That's the job of estate administration. “When they are hired by a fidu...
- Tue Mar 12, 2024 3:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: Letter to heir - what would you include?
- Replies: 90
- Views: 7261
Re: Letter to heir - what would you include?
I work in the trusts and estates area and have never heard of someone taking a leave of absence to settle an estate. The estate lawyer does about 98% of the work. Things my attorney is not going to do: Clean out my house, sell or donate my belongings Hire a realtor, list the house for sale and negotiate offers Sell my car Re-home my pets Retitle my financial accounts and transfer them to my heirs Make sure the financial institution handles step up in basis correctly Gather documents for and filing my final tax return Pay my final bills and close my personal accounts Not sure who what kind of attorney you work for but mine is different. Those are all fairly common issues lawyers handle in settling an estate, working with a fiduciary, who si...
- Tue Mar 12, 2024 2:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Letter to heir - what would you include?
- Replies: 90
- Views: 7261
Re: Letter to heir - what would you include?
I work in the trusts and estates area and have never heard of someone taking a leave of absence to settle an estate. The estate lawyer does about 98% of the work. Things my attorney is not going to do: Clean out my house, sell or donate my belongings Hire a realtor, list the house for sale and negotiate offers Sell my car Re-home my pets Retitle my financial accounts and transfer them to my heirs Make sure the financial institution handles step up in basis correctly Gather documents for and filing my final tax return Pay my final bills and close my personal accounts Not sure who what kind of attorney you work for but mine is different. Those are all fairly common issues lawyers handle in settling an estate, working with a fiduciary, who si...
- Tue Mar 12, 2024 2:29 pm
- Forum: Personal Finance (Not Investing)
- Topic: Letter to heir - what would you include?
- Replies: 90
- Views: 7261
Re: Letter to heir - what would you include?
Things my attorney is not going to do:
Clean out my house, sell or donate my belongings
Hire a realtor, list the house for sale and negotiate offers
Sell my car
Re-home my pets
Retitle my financial accounts and transfer them to my heirs
Make sure the financial institution handles step up in basis correctly
Gather documents for and filing my final tax return
Pay my final bills and close my personal accounts
Not sure who what kind of attorney you work for but mine is different.
- Tue Mar 12, 2024 1:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Letter to heir - what would you include?
- Replies: 90
- Views: 7261
Re: Letter to heir - what would you include?
We gave explicit permission to sell everything- house, cars, personal belongings- to an estate sale company. No worrying about keeping certain belongings "in the family."
- Tue Mar 12, 2024 1:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Letter to heir - what would you include?
- Replies: 90
- Views: 7261
Re: Letter to heir - what would you include?
I think you are right but in thread after thread people here refuse to discuss anything but generalities with their adult kids. To each their own.Hyperchicken wrote: ↑Tue Mar 12, 2024 12:41 pm A lot of these read like things best told while you are still alive.
Even so, the reality is, you can tell someone something, but when they get into the thick of things, it is nice to have it in writing as well.
We have one of these letters and we have gone over it with our adult children. We've also shown them how much we have because inheriting eight figures is different than six figures. They were able to say things like- "Can you put the attorney's phone number and email in this document so I don't have the chase it down?" and "What do you mean by that?"
- Tue Mar 12, 2024 12:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: Letter to heir - what would you include?
- Replies: 90
- Views: 7261
Re: Letter to heir - what would you include?
I’ll chime in and say we have included something similar to #1 to convey to them that settling our estate will not be something that can get done without having to spend some time on it. We have said that it may require significant time away from work on a sporadic basis. Since they both work for companies where they are accountable for billable hours, a short leave of absence may help preserve their position at work rather than exhausting PTO or ending up with performance review issues.
- Tue Mar 12, 2024 10:58 am
- Forum: Personal Finance (Not Investing)
- Topic: One spouse retiring earlier than the other?
- Replies: 38
- Views: 2999
Re: One spouse retiring earlier than the other?
Based on your previous posts you can both retire today. This isn't really a financial question for you like it would be for others.
Most people we know had one spouse retire before the other (us included). As long as the working spouse doesn't feel slighted in some way, it works just fine. The retired spouse can take on more of the household burden allowing the working spouse more downtime when they are not working.
If I recall correctly, you still have teenagers or maybe college students. Your wife might be able to enjoy some time with them before they leave the nest.
Most people we know had one spouse retire before the other (us included). As long as the working spouse doesn't feel slighted in some way, it works just fine. The retired spouse can take on more of the household burden allowing the working spouse more downtime when they are not working.
If I recall correctly, you still have teenagers or maybe college students. Your wife might be able to enjoy some time with them before they leave the nest.
- Mon Mar 11, 2024 11:36 am
- Forum: Personal Finance (Not Investing)
- Topic: Have any of you Frugal Zebras Changed Your (Spending) Stripes?
- Replies: 130
- Views: 10828
Re: Have any of you Frugal Zebras Changed Your (Spending) Stripes?
While for me that is exactly the kind of comfort and convenience that I’m willing to pay for (and have). Especially since you are talking about a difference that is less than 1% of our liquid assets. What is your limit? Would you pay an extra $15,000 for business class? $20,000? Let me flip the premises: In a similar thread last year, I posed the question: at what level of wealth would you pay for business class on an international one-haul flight. Several people responded that they could not conceive of any level of wealth at which they would be willing to pay for this luxury. In any case, to answer your question, we willingly paid $6500 per ticket last year for our trip to Asia. Currently, I don't see any city pair (except to China which...
- Mon Mar 11, 2024 9:25 am
- Forum: Investing - Theory, News & General
- Topic: How Limit order purchases of ETFs work - still learning
- Replies: 12
- Views: 852
Re: How Limit order purchases of ETFs work - still learning
When buying using dollar amounts at Fidelity there will probably be a little left over. When using a limit order you are declaring the price you want to buy at and as stated above Fidelity might not be able to find a seller at that price depending on the market. Unless you have a really good reason to use a limit order I would just use a market order. For highly traded securities like VTI it will execute nearly instantly at a good price. Doing things this way you will more than likely have your orders filled well and the leftover amount will be closer to the few penny amount. Since you are at Fidelity, if this would be something you are doing on a regular basis I would just set it up as a recurring investment (daily/weekly/monthly) and let...
- Mon Mar 11, 2024 8:38 am
- Forum: Personal Investments
- Topic: Keeping 5 years' expenses in cash/short-term vs. more conventional retirement AA
- Replies: 43
- Views: 4909
Re: Keeping 5 years' expenses in cash/short-term vs. more conventional retirement AA
Not enough information. For example - if you keep only 5 years of cash now but in 5 years (at 65) your SS would cover all/most of your expenses it is much different than if it would cover 10% of your expenses. Thank you. Spouse and I would both be retired when I turn 65. Would claim SS in Jan 2034 (age 70) and spouse Jan 2035 (age 67), which after tax would cover approximately 40% of estimated expenses. RMDs would begin in 2038 and 2042 and with SS and qualified distributions from stock ETFs would cover all expenses. Then I feel that your fixed/conservative investments would be too light unless you would/could cut expenses for periods of time without undue problems. Thank you, I appreciate it. I hear you and it seems to be the general cons...
- Sun Mar 10, 2024 10:44 pm
- Forum: Personal Finance (Not Investing)
- Topic: Have any of you Frugal Zebras Changed Your (Spending) Stripes?
- Replies: 130
- Views: 10828
Re: Have any of you Frugal Zebras Changed Your (Spending) Stripes?
We like to be frugal on things that don’t matter and not be frugal on things that do. I am happy to buy generic food and use coupons at the grocery store. I get mad at myself when I leave them at home. My husband will sit on hold to “renegotiate” a subscription.
We will skip Europe before we flew in coach. Maybe if you live on the East Coast? But not from the middle of the country, not even with a stop. We also have starting giving with a warm hand. When we started it, I feared my kids would blow the money and I would regret doing it. Instead they are saving and investing it and it’s kind of bugging us to watch them sacrifice things I know they can afford. It has been very good for us to let go!
We will skip Europe before we flew in coach. Maybe if you live on the East Coast? But not from the middle of the country, not even with a stop. We also have starting giving with a warm hand. When we started it, I feared my kids would blow the money and I would regret doing it. Instead they are saving and investing it and it’s kind of bugging us to watch them sacrifice things I know they can afford. It has been very good for us to let go!
- Sun Mar 10, 2024 5:57 pm
- Forum: Personal Finance (Not Investing)
- Topic: How Much Cash Do You Keep In Your Home?
- Replies: 207
- Views: 14927
Re: How Much Cash Do You Keep In Your Home?
I was going to say zero until someone upthread reminded me about the pennies (where do they come from? And like wire hangers, do they multiply?) and the leftover foreign currency that I am too frugal to exchange at the airport. So instead inflation eats away at it in the desk drawer.
I try to carry $100 with me nothing in the house.
I try to carry $100 with me nothing in the house.
- Fri Mar 08, 2024 9:00 pm
- Forum: Personal Investments
- Topic: Who has rebalanced?
- Replies: 28
- Views: 3647
Re: Who has rebalanced?
We had a “windfall” with my retirement and have used proceeds to move to our new AA, which we will continue doing throughout 2024.
- Fri Mar 08, 2024 8:01 pm
- Forum: Personal Investments
- Topic: Wife's New Job, Expensive Funds
- Replies: 13
- Views: 1471
Re: Wife's New Job, Expensive Funds
If she is going to stay in this job until she retires, why is she not using the new Public Service Student Loan Forgiveness Program?
- Fri Mar 08, 2024 11:56 am
- Forum: Personal Finance (Not Investing)
- Topic: feeling stuck with kid expenses and this phase of life
- Replies: 61
- Views: 7383
Re: feeling stuck with kid expenses and this phase of life
Does the farm generate any income? That's a lot of money for farmland every year if it isn't generating income.
You have a really high savings rate for your age and yes, you can absolutely afford to back off of it for a few years.
You have a really high savings rate for your age and yes, you can absolutely afford to back off of it for a few years.
- Thu Mar 07, 2024 4:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: Mental health or Money: navigating the OMY question
- Replies: 48
- Views: 4796
Re: Mental health or Money: navigating the OMY question
Either option is a "mental health" question. Leaving now, means mentally accepting the financial penalty. Staying for a year, means mentally accepting the duress and ennui of lingering office-life. Which is the more mentally wrenching evil? In this instance, as in myriad others, we find that the strictly financial side of things, is not tenuous or fraught. The person in question, has already worked enough, saved enough, invested enough. But as many wise people on this forum note, "enough" is subjective and very much determines our potential for happiness vs. frustration. "Enoughness" isn't about paying the bills, sustaining a safe withdrawal rate, or leaving an inheritance. "Enoughness" is a mental q...
- Thu Mar 07, 2024 1:37 pm
- Forum: Personal Finance (Not Investing)
- Topic: Mental health or Money: navigating the OMY question
- Replies: 48
- Views: 4796
Re: Mental health or Money: navigating the OMY question
Mentally, you need to be prepared that no matter WHEN you retire, you will be leaving money on the table. Otherwise, you become a victim of the OMY syndrome. One more year of pension credits. One more year of salary. One more year of employer funded health insurance. There is always more to be had if you want to keep working.
- Thu Mar 07, 2024 1:24 pm
- Forum: Personal Finance (Not Investing)
- Topic: Pulling Out Retirement Early - Thoughts
- Replies: 15
- Views: 3072
Re: Pulling Out Retirement Early - Thoughts
She is going to leave her job because she might lose it? I wouldn’t quit. If she is let go, there will likely be a severance of some sort and she can collect unemployment.
If she just wants to quit, that’s different. I wouldn’t pay off any low interest debt if I was living on one income. Did you finance the boiler because you had to or wanted the no interest deal? If you are going to one income with four kids, I’d look hard at your emergency fund and budget.
If she just wants to quit, that’s different. I wouldn’t pay off any low interest debt if I was living on one income. Did you finance the boiler because you had to or wanted the no interest deal? If you are going to one income with four kids, I’d look hard at your emergency fund and budget.
- Thu Mar 07, 2024 1:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: Mental health or Money: navigating the OMY question
- Replies: 48
- Views: 4796
Re: Mental health or Money: navigating the OMY question
Doesn’t sound like 250k NPV moves the needle for you in anyway. I’d go.
- Thu Mar 07, 2024 1:00 pm
- Forum: Personal Investments
- Topic: Does holding separate index funds promote market timing?
- Replies: 24
- Views: 1297
Re: Does holding separate index funds promote market timing?
I keep most of my portfolio in taxable because I'm willing to take the hit for the extra flexibility it provides in when I can withdraw. This seems to be a new trend among Bogleheads: avoiding traditional retirement accounts in favor of the "flexibility" of a taxable account. It will be interesting to see how this plays out... 30% of my investment portfolio is in taxable. That is only because I ran out of room in my tax-advantaged. Yeah, me too. But there seems to be some doubt nowadays about contributing to a 401(k) or a Roth IRA because the money is thought to be locked away until retirement. I find this kind of mental accounting to be helpful, but others like the freedom of a taxable account--and, I guess, the freedom to work ...
- Thu Mar 07, 2024 10:37 am
- Forum: Personal Investments
- Topic: Out of room in tax advantaged accounts. Now what?
- Replies: 7
- Views: 1673
Re: Out of room in tax advantaged accounts. Now what?
If you no longer have earnings, how are you “out of room” in tax advantaged? Are you saying that your stock funds have grown and you need to rebalance to more bond funds and can’t do that in tax deferred because it is all bond funds?
You can buy bond funds in taxable and depending upon your tax rate, choose municipal bonds over taxable.
You can buy bond funds in taxable and depending upon your tax rate, choose municipal bonds over taxable.
- Thu Mar 07, 2024 10:30 am
- Forum: Personal Investments
- Topic: Does holding separate index funds promote market timing?
- Replies: 24
- Views: 1297
Re: Does holding separate index funds promote market timing?
I do not think holding individual funds tempts me to time the market. When I had extra money to invest, I invested it based on whatever part of my AA was down.
I do not buy ETFs in the first 30 minutes of the trading day or the last 30 minutes of the trading day.
Deciding when to tax loss harvest can also have a timing element. I used to use a certain amount of losses as a threshold but I had to increase it because it was resulting in too frequent tax loss harvesting for my tastes. I don’t consider that timing- just a change in my IPS.
I don’t think a TDF would change these things. If anything, they result in less tax efficiency and fewer opportunities to TLH.
I do not buy ETFs in the first 30 minutes of the trading day or the last 30 minutes of the trading day.
Deciding when to tax loss harvest can also have a timing element. I used to use a certain amount of losses as a threshold but I had to increase it because it was resulting in too frequent tax loss harvesting for my tastes. I don’t consider that timing- just a change in my IPS.
I don’t think a TDF would change these things. If anything, they result in less tax efficiency and fewer opportunities to TLH.
- Thu Mar 07, 2024 9:32 am
- Forum: Investing - Theory, News & General
- Topic: Fidelity and Bank of America data lost in Infosys breach
- Replies: 57
- Views: 6479
Re: Fidelity and Bank of America data lost in Infosys breach
Thanks OP for the heads up. I suspect this is just part of doing business these days. Amex also had a breach this week. It absolutely is part of doing business these days. Businesses carry insurance for it. And the better their policies and procedures are for preventing it and then addressing it when it happens, the cheaper the insurance is. Those insurers are now excluding coverage for what they consider nation sponsored attacks. While outsourcing can increase the points of access for bad actors, companies who have single points of failure cannot get up and running quickly after an attack. This breach is nothing compared to what is happening at United Healthcare the last few weeks. https://www.usatoday.com/story/news/health/2024/03/05/uni...
- Thu Mar 07, 2024 9:20 am
- Forum: Investing - Theory, News & General
- Topic: Fidelity and Bank of America data lost in Infosys breach
- Replies: 57
- Views: 6479
Re: Fidelity and Bank of America data lost in Infosys breach
Thanks OP for the heads up. I suspect this is just part of doing business these days. Amex also had a breach this week. It absolutely is part of doing business these days. Businesses carry insurance for it. And the better their policies and procedures are for preventing it and then addressing it when it happens, the cheaper the insurance is. Those insurers are now excluding coverage for what they consider nation sponsored attacks. While outsourcing can increase the points of access for bad actors, companies who have single points of failure cannot get up and running quickly after an attack. This breach is nothing compared to what is happening at United Healthcare the last few weeks. https://www.usatoday.com/story/news/health/2024/03/05/uni...
- Thu Mar 07, 2024 8:31 am
- Forum: Personal Finance (Not Investing)
- Topic: How do you deal with online misinformation?
- Replies: 28
- Views: 1740
Re: How do you deal with online misinformation?
Of course!case_of_ennui wrote: ↑Thu Mar 07, 2024 8:28 amLooks like that forum is Bogleheadslazynovice wrote: ↑Thu Mar 07, 2024 8:20 amSomewhere there is a coffee mug cleaning forum where they are posting “Can you believe there are people who actually use YouTube to clean coffee mugs? How can I tell them they are doing it all wrong?”gotoparks wrote: ↑Thu Mar 07, 2024 7:44 am Younger people seem to like YouTube for financial advice. A few have commented on this forum. I look at YouTube for practical instructions on how to do things like clean out a coffee mug but not finances. I am not into social media, so I never see anything else.
- Thu Mar 07, 2024 8:24 am
- Forum: Personal Finance (Not Investing)
- Topic: How do you deal with online misinformation?
- Replies: 28
- Views: 1740
Re: How do you deal with online misinformation?
Younger people seem to like YouTube for financial advice. A few have commented on this forum. I look at YouTube for practical instructions on how to do things like clean out a coffee mug but not finances. I am not into social media, so I never see anything else. Yeah, that's kind of what drove my question. I couldn't tell you the difference between a TikTok and an Instagram, but I do watch YouTube for educational purposes like woodworking, keeping up with my science news, how to fix something, etc.. For financial matters it is 98% here, but because there are some financial YouTube channels I do like (e.g. The White Coat Investor, Rob Berger, Ben Felix occasionally, The Money Guy occasionaly), and the YouTube algorithm of course sends me do...
- Thu Mar 07, 2024 8:20 am
- Forum: Personal Finance (Not Investing)
- Topic: How do you deal with online misinformation?
- Replies: 28
- Views: 1740
Re: How do you deal with online misinformation?
Somewhere there is a coffee mug cleaning forum where they are posting “Can you believe there are people who actually use YouTube to clean coffee mugs? How can I tell them they are doing it all wrong?”gotoparks wrote: ↑Thu Mar 07, 2024 7:44 am Younger people seem to like YouTube for financial advice. A few have commented on this forum. I look at YouTube for practical instructions on how to do things like clean out a coffee mug but not finances. I am not into social media, so I never see anything else.
- Thu Mar 07, 2024 8:13 am
- Forum: Investing - Theory, News & General
- Topic: Fidelity and Bank of America data lost in Infosys breach
- Replies: 57
- Views: 6479
Re: Fidelity and Bank of America data lost in Infosys breach
Thanks OP for the heads up. I suspect this is just part of doing business these days. Amex also had a breach this week. It absolutely is part of doing business these days. Businesses carry insurance for it. And the better their policies and procedures are for preventing it and then addressing it when it happens, the cheaper the insurance is. Those insurers are now excluding coverage for what they consider nation sponsored attacks. While outsourcing can increase the points of access for bad actors, companies who have single points of failure cannot get up and running quickly after an attack. This breach is nothing compared to what is happening at United Healthcare the last few weeks. https://www.usatoday.com/story/news/health/2024/03/05/uni...