Search found 963 matches

by TSR
Thu Mar 04, 2021 12:11 pm
Forum: Personal Investments
Topic: TSP Allocations Out Of "L" Fund
Replies: 23
Views: 1089

Re: TSP Allocations Out Of "L" Fund

I am your exact age and I have concluded that I cannot do better than L2040. I'm 100% in that fund, with more than double what you have invested. (I include that just to say that I'm putting my money where my mouth is here.) I think the Boglehead consensus is that the L funds are very good, especial...
by TSR
Mon Mar 01, 2021 11:39 am
Forum: Personal Consumer Issues
Topic: Home radon detectors - which is best
Replies: 21
Views: 1891

Re: Home radon detectors - which is best

Revisiting this thread. Anybody have Airthings Wave? Any thoughts/concerns? I have 3 Airthings Wave placed next to each other and all three give different readings even after a month of monitoring. Early last week: Unit 1 - 4.7 Unit 2 - 5.4 Unit 3 - 3.5 Middle of last week: Unit 1 - 3.6 Unit 2 - 4....
by TSR
Mon Mar 01, 2021 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Issues selling an estate owned "landlocked" vacant lot in NC
Replies: 42
Views: 3608

Re: Issues selling an estate owned "landlocked" vacant lot in NC

I have a friend who does online estate auctions in Tennessee, and he often sells real-property out of state. There's probably someone in NC who could do the same, but PM me if you can't find someone there. They can then sell this and get the $1000 or less you might get for it. Just get it out of the...
by TSR
Fri Feb 26, 2021 9:58 am
Forum: Personal Investments
Topic: Paying off Student Loans vs Investing
Replies: 28
Views: 1941

Re: Paying off Student Loans vs Investing

[snip] In my mind, no matter where I take the money from to pay off the loan, (emergency fund, house payment, cash etc) I would then have to spend a year or 2 trying to save it back up and that would be money that wouldn't be going into my 401k. I'm kind of hesitant to use my Roth IRA as an emergen...
by TSR
Thu Feb 25, 2021 2:36 pm
Forum: Personal Investments
Topic: Paying off Student Loans vs Investing
Replies: 28
Views: 1941

Re: Paying off Student Loans vs Investing

1. I'm not sure I understand the benefit of the refi. If you just voluntarily started paying $323 every month without doing a refi then you would also kill your debt in five years. The only benefit you'd get is in locking in a rate that is currently higher than the one you already have. Given that y...
by TSR
Wed Feb 24, 2021 11:32 am
Forum: Personal Investments
Topic: "recode" vs. "recharacterize" Roth contribution
Replies: 20
Views: 1147

Re: "recode" vs. "recharacterize" Roth contribution

Thank you. Here's where I'm really going to make you roll your eyes: can I successfully do the Form 8606 for the 2020 portion through TurboTax, or is this a custom job? Again, thanks for holding my hand here. You do have to tickle TT properly to get what you want. It helps to download the form and ...
by TSR
Wed Feb 24, 2021 9:36 am
Forum: Personal Investments
Topic: "recode" vs. "recharacterize" Roth contribution
Replies: 20
Views: 1147

Re: "recode" vs. "recharacterize" Roth contribution

You have now made a 2020 non-deductible contribution to IRA which should be reported on your 2020 taxes Form 8606 (front page). Also, somewhere on this form is a place for comments - mention the re-characterization, probably giving dates You did a Roth conversion in 2021 which will be reported on y...
by TSR
Tue Feb 23, 2021 3:16 pm
Forum: Personal Investments
Topic: "recode" vs. "recharacterize" Roth contribution
Replies: 20
Views: 1147

Re: "recode" vs. "recharacterize" Roth contribution

1. Re-characterize the 2020 contribution as a Traditional IRA contribution (get Fidelity to do this; don't try doing it yourself). You have until your tax filing deadline, including extensions, to do this. If you don't have any other non-Roth IRAs, then it'd be simple enough to then convert this TI...
by TSR
Fri Feb 12, 2021 10:48 am
Forum: Personal Consumer Issues
Topic: What is your favorite non fiction book?
Replies: 142
Views: 8514

Re: What is your favorite non fiction book?

Anything by Krakauer, especially Into Thin Air Anything by Gladwell Endurance: Shackelton Unbroken Shadow Divers All these are amazing reads. Endurance was my first thought. I wanted to add that its subtitle is "Shackleton's Incredible Voyage" and it's by Alfred Lansing, just because ther...
by TSR
Mon Feb 08, 2021 10:55 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes
Replies: 61
Views: 7713

Re: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes

How is Prop 13 constitutional? Seems like a blatant equal protection violation. I'm just answering this directly since I can't tell if you're being sincere or rhetorical, but the equal protection clause of the 14th Amendment has not been interpreted as requiring that the law treat all people equall...
by TSR
Fri Feb 05, 2021 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance
Replies: 100
Views: 5100

Re: Whole Life Insurance

Thanks for replies. These agents really are pushy. They really stress that WL helps with avoiding taxes There are some incredible tax breaks out there: Roth IRAs, Traditional IRAs/401ks, HSAs, 529s. If you point this out to the insurance salesmen, they will give you a bogus pitch about the importan...
by TSR
Fri Feb 05, 2021 9:44 am
Forum: Personal Consumer Issues
Topic: Recommendations for replacing 8 years old Whirlpool Fridge
Replies: 43
Views: 3479

Re: Recommendations for replacing 8 years old Whirlpool Fridge

If I were you I'd downgrade a little. The major repair issues for refrigerators are (1) ice makers, and (2) water lines. (Your problem with the door strips is unfortunate.) I had owned a few houses that came with refrigerators, and every refrigerator I'd ever owned had a broken ice maker in it. Then...
by TSR
Fri Feb 05, 2021 9:31 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes
Replies: 61
Views: 7713

Re: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes

How is Prop 13 constitutional? Seems like a blatant equal protection violation. I'm just answering this directly since I can't tell if you're being sincere or rhetorical, but the equal protection clause of the 14th Amendment has not been interpreted as requiring that the law treat all people equall...
by TSR
Thu Feb 04, 2021 4:07 pm
Forum: Investing - Theory, News & General
Topic: TSP F Fund After Fed Cut to Zero. What Now?
Replies: 28
Views: 3488

Re: TSP F Fund After Fed Cut to Zero. What Now?

You have not given us a picture of your portfolio, but I would be willing to bet that the BEST choice for you is to invest in one of the lifecycle funds that is appropriate for your age and preferred asset allocation and just let the fund do the choosing for you. That way you keep your hands off it ...
by TSR
Thu Feb 04, 2021 10:01 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes
Replies: 61
Views: 7713

Re: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes

How is Prop 13 constitutional? Seems like a blatant equal protection violation. I'm just answering this directly since I can't tell if you're being sincere or rhetorical, but the equal protection clause of the 14th Amendment has not been interpreted as requiring that the law treat all people equall...
by TSR
Wed Feb 03, 2021 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance
Replies: 15
Views: 890

Re: Whole life insurance

Without more information, I'd guess that your mother purchased these from someone who was acting like he/she was her friend or trusted advisor, when in fact he/she was a salesman. These are terrible policies, uniformly despised on Bogleheads and most other places. She should almost certainly cash th...
by TSR
Tue Feb 02, 2021 4:18 pm
Forum: Personal Investments
Topic: "recode" vs. "recharacterize" Roth contribution
Replies: 20
Views: 1147

Re: "recode" vs. "recharacterize" Roth contribution

Thanks to everyone here. I think based on the comments that my priorities are (1) administrative/tax ease, and (2) maximizing Roth space for long-term benefit. Based on these priorities, it seems like the regular old recharacterization/back-door move is probably the best and easiest thing to do. Do...
by TSR
Tue Feb 02, 2021 11:38 am
Forum: Personal Investments
Topic: "recode" vs. "recharacterize" Roth contribution
Replies: 20
Views: 1147

Re: "recode" vs. "recharacterize" Roth contribution

This is an interesting question. I do not recall having seen a "recode" discussion before. You are allowed to "withdraw" your IRA contribution up until tax day in April, and I believe that is automatically extended to October 15th. You would not do this yourself. You would have ...
by TSR
Mon Feb 01, 2021 5:23 pm
Forum: Personal Investments
Topic: "recode" vs. "recharacterize" Roth contribution
Replies: 20
Views: 1147

Re: "recode" vs. "recharacterize" Roth contribution

bumping on the off chance anyone has any ideas
by TSR
Mon Feb 01, 2021 1:23 pm
Forum: Personal Consumer Issues
Topic: Will executor refuses to copy will
Replies: 9
Views: 1026

Re: Will executor refuses to copy will

Start corresponding only in email and save the emails. If your brother calls you on the phone, send him an email afterward saying, "Just to memorialize our conversation today, we discussed the following...." There is no court in the country that would consider you asking for a copy of the ...
by TSR
Mon Feb 01, 2021 1:17 pm
Forum: Personal Investments
Topic: "recode" vs. "recharacterize" Roth contribution
Replies: 20
Views: 1147

"recode" vs. "recharacterize" Roth contribution

Yes, this is one of those threads where I made more money than expected this year and still contributed the max to my Roth. (Turns out I am not eligible to contribute anything this year.) By coincidence, I will make considerably less money in 2021 than I did in 2020, so the Fidelity rep told me that...
by TSR
Mon Jan 25, 2021 11:40 am
Forum: Personal Consumer Issues
Topic: Mazda CX 5 For Tall Guy (6 2)
Replies: 21
Views: 1741

Re: Mazda CX 5 For Tall Guy (6 2)

I'm 6 1 and I was comfortable on a test drive. Bottom seat cushion is a little short for taller people but that's true of many cars. Great vehicle. Lot of people referencing the "too short bottom seat cushion" issue in this thread. Maybe it's a question for its own thread, but are there o...
by TSR
Fri Jan 22, 2021 12:11 pm
Forum: Personal Consumer Issues
Topic: Slippers with support
Replies: 29
Views: 1742

Re: Slippers with support

houseofnine wrote: Fri Jan 22, 2021 11:33 am I bought a pair of Giesswein a couple years ago. Pretty pricey, but fantastic quality. Also have several insole options.

That said, I like the running shoe sans laces idea...
Did you get the regular leather insole? These do look very nice.
by TSR
Fri Jan 22, 2021 10:30 am
Forum: Personal Consumer Issues
Topic: Slippers with support
Replies: 29
Views: 1742

Re: Slippers with support

wanderer wrote: Fri Jan 22, 2021 10:28 am I use a dedicated pair of light weight running shoes with the laces left loose so I can slip on/off.
This is smart. Thank you. I imagine I could decommission my current running shoes and use them for indoor-only purposes.
by TSR
Fri Jan 22, 2021 9:51 am
Forum: Personal Consumer Issues
Topic: Slippers with support
Replies: 29
Views: 1742

Slippers with support

COVID quarantine has me struggling with the same foot issues a lot of people are struggling with -- walking around barefoot a lot is a beast on plantar fasciitis, morton's neuroma, etc. I'd like an indoor slipper (preferably insulated) that has good foot support. For comparison, I have the regular L...
by TSR
Thu Jan 21, 2021 2:14 pm
Forum: Personal Investments
Topic: I have learned my lesson. No more preaching finances to my friends or family
Replies: 119
Views: 14486

Re: I have learned my lesson. No more preaching finances to my friends or family

I disagree with the "never give unsolicited advice" adage. As others have posted, I have had some luck preaching to some, and had no luck with others. I have several (!) former romantic partners who will text me out of the blue and tell me that if there was one thing worthwhile about havin...
by TSR
Thu Jan 14, 2021 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Law school Expenses
Replies: 26
Views: 2487

Re: Law school Expenses

I am not an Attorney however my niece is finishing her 3rd year of law school in the spring. From what she has said (and I heard repeatedly from others) is if you cannot go to a top tier law school don’t go. Reputation is the MOST important thing. I’m sure others with more experience can provide ad...
by TSR
Wed Jan 13, 2021 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Law school Expenses
Replies: 26
Views: 2487

Re: Law school Expenses

Your offer to help is generous. A lot of it will depend on the cost of living in the town where she goes. Perhaps direct tuition payments are best given that you don't know that yet, but I think there is a risk that such gifts will disappear into the big pile of money that is tuition, whereas a fixe...
by TSR
Fri Jan 08, 2021 4:52 pm
Forum: Personal Consumer Issues
Topic: Gaming Console for 12 yo
Replies: 82
Views: 3611

Re: Gaming Console for 12 yo

I guess I disagree...I feel Microsoft has a better all-around package than the PS5. There is simply no compelling reason to buy a PS5 if you are not already in the Playstation realm. The XBOX offers Game Pass, XBOX Live has over DOUBLE the amount of active online members than PS Plus, and Microsoft...
by TSR
Fri Jan 08, 2021 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: New Federal Worker -- What do I need to know? - Benefits Optimization
Replies: 15
Views: 871

Re: New Federal Worker -- What do I need to know? - Benefits Optimization

I would not buy dental if you are doing GEHA. It is POSSIBLE that you might consider it if you have kids, but you can cash-flow the stuff that isn't covered by GEHA HDHP, and I very seriously doubt you'll pay anywhere near as much as you'd pay for that insurance. (If you hare heavily prone to caviti...
by TSR
Fri Jan 08, 2021 1:34 pm
Forum: Personal Consumer Issues
Topic: Gaming Console for 12 yo
Replies: 82
Views: 3611

Re: Gaming Console for 12 yo

I personally believe that Microsoft has already lost the console wars and just doesn't know it yet. I could be wrong, but that's my belief. In any event, there is absolutely nothing in the new X-Box that makes it a clear choice against the PS5, which is what would have been needed to change my beli...
by TSR
Fri Jan 08, 2021 11:08 am
Forum: Personal Consumer Issues
Topic: Gaming Console for 12 yo
Replies: 82
Views: 3611

Re: Gaming Console for 12 yo

I agree with one of the above commenters that your choice should really be between the Switch and the PS5. The Switch is the "best" choice right now in that it is a great console with a fantastic slate of games, many of which are age-appropriate for a 12 year old. Nintendo shows no sign of...
by TSR
Thu Dec 31, 2020 10:45 am
Forum: Personal Consumer Issues
Topic: Junk removal companies?
Replies: 24
Views: 1563

Re: Junk removal companies?

As for the narrow timing window, I'd book a place somewhere cheap so I have a place to stay in case something doesn't go as expected. Planning to do just that when I move out, not just for junk but also to take care of move-out businesses should they come up at all. Good thought here. Fortunately a...
by TSR
Wed Dec 30, 2020 2:08 pm
Forum: Personal Consumer Issues
Topic: Junk removal companies?
Replies: 24
Views: 1563

Junk removal companies?

I have a move coming up, and I anticipate that I will have maybe 1/3 of a garage full of junk or near-junk (i.e., things that I wouldn't bother to burden Goodwill with). I plan to hire a junk-removal company, but I didn't know if it was better to go with the "GOT JUNK" folks (big national ...
by TSR
Mon Dec 28, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: How important is tax strategy for building wealth?
Replies: 158
Views: 11308

Re: How important is tax strategy for building wealth?

Where would you rank tax strategy (minimizing taxes) in the most important things in building wealth? Wondering how important it is to minimize taxes. Don't let a "financial advisor" use this angle to sucker you into buying a Whole Life insurance policy. I'll just second this, which is es...
by TSR
Wed Dec 23, 2020 11:17 am
Forum: Investing - Theory, News & General
Topic: 70/30 - 60/40 AA in accumulation stage
Replies: 41
Views: 3834

Re: 70/30 - 60/40 AA in accumulation stage

I'm 42 and at approximately 70/30. I don't think it's all that conservative. I think there's been a steady erosion of caution after 2008 and the bull market of the last decade. The market has richly rewarded me and others, but that won't last forever. I think your plan is well within the range of re...
by TSR
Tue Dec 22, 2020 5:24 pm
Forum: Personal Consumer Issues
Topic: Where do you store gold?
Replies: 118
Views: 8084

Re: Where do you store gold?

Where you store this is really going to be determined by what you intend to do with the stuff. For example, since it's (mostly? all?) jewelry, would you EVER consider wearing it? Often? If yes to either, you might want to keep it in the home, in a safe, for example. But if it's just inherited stuff ...
by TSR
Wed Dec 16, 2020 2:57 pm
Forum: Personal Consumer Issues
Topic: Kitchen faucet / possible problems with high arched faucets?
Replies: 37
Views: 2539

Re: Kitchen faucet / possible problems with high arched faucets?

I recently replaced my old faucet with a "high arched" faucet, and I'm very happy with it. I will say from my experience---may not be yours---that the power of the spray function still surprises me a bit. It's powerful enough that you can use it to clean grime off dishes, but sometimes it ...
by TSR
Wed Dec 16, 2020 1:19 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin breaks $20,000
Replies: 231
Views: 11428

Re: Bitcoin breaks $20,000

You would think Bogleheads would be open minded, but what blows me away is how little most people commenting here know about Bitcoin, and especially Ethereum. For the financially savvy and intellectually curious, taking a few hours to study Ethereum and the ecosystem of decentralized finance being ...
by TSR
Mon Dec 14, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put a lot of cash/FDIC protection
Replies: 23
Views: 1730

Re: Where to put a lot of cash/FDIC protection

1. Ordinarily, I'd just throw it into my Capital One Money Market account currently making some godawful return (0.4% maybe?) That's not really 'god awful' today, it's pretty standard with today's low interest rates. If you want FDIC insurance, you're not really going to get that much better. Maybe...
by TSR
Mon Dec 14, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put a lot of cash/FDIC protection
Replies: 23
Views: 1730

Re: Where to put a lot of cash/FDIC protection

I will be selling my house soon and moving to a rental situation with the intention of buying again either this year or next. As a result, I will likely have almost $450,000 in cash sitting around, much of which I would like to use to buy my next house. Two questions: 1. Ordinarily, I'd just throw ...
by TSR
Mon Dec 14, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Where to put a lot of cash/FDIC protection
Replies: 23
Views: 1730

Where to put a lot of cash/FDIC protection

I will be selling my house soon and moving to a rental situation with the intention of buying again either this year or next. As a result, I will likely have almost $450,000 in cash sitting around, much of which I would like to use to buy my next house. Two questions: 1. Ordinarily, I'd just throw i...
by TSR
Thu Dec 10, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: We won the game…then we rolled the dice
Replies: 192
Views: 20610

Re: We won the game…then we rolled the dice

Very interesting post and an educational story. You've already highlighted the riskiest part: To finance the purchase, we liquidated about half our non-taxable portfolio and also took a bank loan for about that amount again which is personally guaranteed . In other words, if the business goes belly-...
by TSR
Mon Dec 07, 2020 4:51 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 278
Views: 32060

Re: What is your favorite reasonably priced bourbon?

Memory flashback. Back in my younger days, I would buy a half pint of Early Times, then stop at the local gas station and get an ice cold coke out of the drink machine out front. Then I would pour a little of the coke out of the bottle and pour a little of the Early Times in and drink it right out ...
by TSR
Mon Dec 07, 2020 4:44 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 278
Views: 32060

Re: What is your favorite reasonably priced bourbon?

Oh no! I wish I knew about this thread before I bought my boyfriend his Christmas gift. He likes bourbon but I can never remember all the names he mentioned except Pappy Van Winkle (and that's only because it's extremely expensive and he's never bought it) and Angel's Envy. I can't afford the Pappy...
by TSR
Fri Dec 04, 2020 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Parents Mortgaging Their Home to Help Son Complete Dream Home Build
Replies: 103
Views: 7702

Re: Parents Mortgaging Their Home to Help Son Complete Dream Home Build

I'm a private banker and work at a firm where we see/help with a lot of intra-family loans. This is not an uncommon situation, and there is definitely a correct, legal way to handle it. Your parents MUST treat this as a formal, actual loan to their son - with proper documentation (which you can dra...
by TSR
Fri Dec 04, 2020 3:54 pm
Forum: Personal Consumer Issues
Topic: Buy a used car or brand new
Replies: 73
Views: 4822

Re: Buy a used car or brand new

I'm not going to name names, but there are posters on here that drove cars well below their means for their entire life, and I'm honestly not sure what they're going to do with their money when I see their ages and NWs. Again, not advocating that all BHs need to lease German luxury cars, but I cert...
by TSR
Tue Nov 24, 2020 10:56 am
Forum: Investing - Theory, News & General
Topic: Silliest Investment Mistakes?
Replies: 171
Views: 16859

Re: Silliest Investment Mistakes?

I made a very serious, non-silly mistake in purchasing a house during the housing crisis in 2008. But as for "silly" mistakes it was probably the amount of time spent with a Northwest Mutual "financial advisor" (insurance salesperson) before realizing what was happening. I was ju...
by TSR
Mon Nov 23, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really have to save another $250 a month in the 529?
Replies: 42
Views: 4564

Re: Do I really have to save another $250 a month in the 529?

Remember that you can fund your children's college before, during, and AFTER college. Some people forget about the second, and a lot of people forget about the third. So you do not need to have the full cost of college funded in late August of their first year. You can cash-flow a lot of it during c...
by TSR
Mon Nov 23, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: FERS pension death benefit and timing of marriage
Replies: 8
Views: 747

Re: FERS pension death benefit and timing of marriage

rich126's read of the linked page is the same as mine, the existence of the capital "AND" seems to mean you must be married to this person for them to get a survivor annuity if you marry after separation *and* die prior to retirement. If you survive to retirement, then the following link,...