Search found 8970 matches

by mhalley
Fri Jul 30, 2021 2:04 pm
Forum: Personal Investments
Topic: Withdraw Contributions from Roth TSP?
Replies: 3
Views: 154

Re: Withdraw Contributions from Roth TSP?

IANAL/CPA My understanding is you can’t do a Roth tsp withdrawal penalty free until 59.5 https://plan-your-federal-retirement.com/roth-tsp-withdrawal-rules/ If you roll it to a Roth IRA, then you have to contend with the 5 year rules. https://www.fool.com/retirement/plans/roth-ira/5-year-rule/ I THI...
by mhalley
Thu Jul 29, 2021 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: FFELP Student loans should I wait to pay?
Replies: 3
Views: 185

Re: FFELP Student loans should I wait to pay?

Future legistation speculation is verboten here. If there is no penalty for not paying the money and hoping for forgiveness, as long as you put the money aside to get caught up if forgiveness doesn't happen then I see no downside.
by mhalley
Thu Jul 29, 2021 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: FICO score dying... what about credit freezes
Replies: 6
Views: 1625

Re: FICO score dying... what about credit freezes

There are lots of other businesses that loan money besides banks. I don't think auto companies want to have to research every client to sell them a car. I don't forsee credit bureaus going out of business soon, but if they did, whatever replaces them will most likely have something similar to credit...
by mhalley
Thu Jul 29, 2021 5:29 pm
Forum: Personal Consumer Issues
Topic: [actions to take after] Identity theft
Replies: 17
Views: 1231

Re: [actions to take after] Identity theft

Uncle Sam has a series of steps here: https://www.identitytheft.gov/#/Steps In addition to the above you might get an irs pin, put a fraud alert on your credit reports, obtain your 3 credit reports. Lock down your phone with a pin at your carrier. Get 2fa on all accounts. Open a credit karma/sesame ...
by mhalley
Thu Jul 29, 2021 2:03 pm
Forum: Personal Investments
Topic: Personal Advisor Service
Replies: 13
Views: 949

Re: Personal Advisor Service

OP seems to have a misconception about tax deferred accounts. A traditional IRA IS a tax deferred/ tax advantaged account. He states that 70% of his portfolio is in IRAs in his original post. Whether to do roth conversions to decrease RMDs is a complicated question, there are many spreadsheets and p...
by mhalley
Wed Jul 21, 2021 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: out of town, purse stolen, starting new in NYC
Replies: 7
Views: 933

Re: out of town, purse stolen, starting new in NYC

Sorry this happened. You won’t be able to change the phone number for 2 factor over email. You can go your provider and get a new SIM card for the same phone number for your new phone. Or call vanguard, maybe they can verify your identity over the phone. The fact your pw is changed us very worrisome...
by mhalley
Tue Jul 20, 2021 1:14 am
Forum: Personal Consumer Issues
Topic: Wisdom tooth - do they really need to be pulled out
Replies: 8
Views: 1219

Re: Wisdom tooth - do they really need to be pulled out

In before the lock. It depends on why he thinks they need to come out. Are they causing problems with the other teeth? Or does the dentist need $ for vacation? They are easier to remove when you are younger, and if they might cause problems down the road, then the sooner the better, https://www.webm...
by mhalley
Fri Jul 16, 2021 11:09 pm
Forum: Personal Investments
Topic: Would like to invest in a bond ETF - pointers, please?
Replies: 20
Views: 2309

Re: Would like to invest in a bond ETF - pointers, please?

You don’t buy bonds for their return, you buy them as ballast for your high return assets, ie stocks. Any passive int term bond etf will work for this, such as total bond, int treasury or int term bond fund will be fine.
by mhalley
Fri Jul 16, 2021 9:58 pm
Forum: Personal Investments
Topic: Tax implications of switching broketage?
Replies: 8
Views: 732

Re: Tax implications of switching broketage?

No personal experience, but Clark Howard DESPISES Zelle. He thinks their fraud policy’s border on criminal. https://clark.com/personal-finance-credit/banks-banking/zelle-things-to-know/ Zelle is a money transfer service that makes payments easy, but don’t expect the app or the banks to bail you out ...
by mhalley
Fri Jul 16, 2021 11:43 am
Forum: Personal Investments
Topic: Tax implications of switching broketage?
Replies: 8
Views: 732

Re: Tax implications of switching broketage?

Just out of curiosity, why do you regret the change? Schwab is considered top notch by most bogleheads. Or are they giving you a bonus to move back? But as long as you move the money in kind, no tax consequences for the taxable account. You can do anything you want within the inherited ira, just be ...
by mhalley
Thu Jul 15, 2021 2:37 pm
Forum: Personal Investments
Topic: Bnd in taxable or Muni Bonds in taxable
Replies: 3
Views: 302

Re: Bnd in taxable or Muni Bonds in taxable

So I t take it you are in the 24% tax bracket. To calculate which is best, you need to calculate the tax equivalent yield between the 2 funds. Bnd is currently yielding 1.35%. Int term tax exempt etf is 0..82%. (Unless you are in a state that has a state muni fund) Tax eq yield calculator: https://w...
by mhalley
Tue Jul 13, 2021 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability Insurance for a 24 Year Old??
Replies: 14
Views: 926

Re: Long Term Disability Insurance for a 24 Year Old??

STDI and LTDI is a must, You are 3 times as likely to become disabled as to die.
https://www.nerdwallet.com/article/insu ... -explained
You can’t move assets from a taxable account to a 401k. You could use it to live on while increasing your percentage of income going to the 401k.
by mhalley
Tue Jul 13, 2021 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy to Eventually Buy $500K Home?
Replies: 16
Views: 1570

Re: Strategy to Eventually Buy $500K Home?

As one of the podcasters I listen to says, “you can afford anything, but not everything”. If you max out retirement accounts, you will delay being able to purchase a home. If you max out taxable, you will delay retirement. It is up to you to decide what is most important to you, keeping in mind you ...
by mhalley
Mon Jul 12, 2021 11:59 am
Forum: Personal Investments
Topic: Brokerage Service and Bank Security
Replies: 3
Views: 441

Re: Brokerage Service and Bank Security

The standard security protocols I use: 1. Strong, unrepeated passwords. 2. 2 factor authentication, preferably not with cell phone, use google voice secured with key or ubikey etc. 3. Not logging into financial sites from a windows pc. Use a dedicated chrome book, dual boot into Linux, or iPad. 4. N...
by mhalley
Sun Jul 11, 2021 4:13 pm
Forum: Personal Investments
Topic: Can we temporarily use the fund during 401k rollover to IRA process
Replies: 7
Views: 555

Re: Can we temporarily use the fund during 401k rollover to IRA process

Seems risky to me. Everything would have to go perfectly for it to work. This article https://themortgagereports.com/68932/cash-out-refinance-guide-rules-rates-requirements says In a normal market, it typically takes 30 days to close after applying for a cash-out refinance loan. “But due to current ...
by mhalley
Wed Jul 07, 2021 11:36 pm
Forum: Personal Investments
Topic: Upgrading Traditional IRA to new Brokerage Account - Vanguard
Replies: 8
Views: 576

Re: Upgrading Traditional IRA to new Brokerage Account - Vanguard

If you feel you need to keep the traditional and rollover iras separate, you could create a new trad ira account, then transfer the old mf trad ira account into the new brokerage trad ira account. Merging the accounts you have now will have no effect on the ability to convert to Roth down the road.
by mhalley
Tue Jul 06, 2021 10:37 pm
Forum: Investing - Theory, News & General
Topic: The first time in my investing life I'm "fearful"
Replies: 130
Views: 18924

Re: The first time in my investing life I'm "fearful"

There have been many posts about “stop playing when you have won the game”. I would write up a new ips with your current desired aa, and go ahead and sell today to get there, plus figure what your aa should be in 5, 10, 15, yrs etc
by mhalley
Tue Jul 06, 2021 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Mistakes
Replies: 10
Views: 1125

Re: Backdoor Roth Mistakes

WCI has properly filled out 8606 here
https://www.whitecoatinvestor.com/backd ... -tutorial/
by mhalley
Mon Jul 05, 2021 4:34 pm
Forum: Personal Consumer Issues
Topic: Do I need my kitchen exhaust vent cleaned?
Replies: 10
Views: 1350

Re: Do I need my kitchen exhaust vent cleaned?

There are different types of smoke alarms, one of them is less sensitive to kitchen cooking so you might look into replacing the detector with a photoelectric sensor. https://www.consumerreports.org/cro/smoke-carbon-monoxide-detectors/buying-guide/index.htm Photoelectric smoke detectors are best at ...
by mhalley
Mon Jul 05, 2021 4:18 pm
Forum: Personal Investments
Topic: roll-over roth 401k withdrawal date
Replies: 7
Views: 576

Re: roll-over roth 401k withdrawal date

Kitces has a good article on 5 year rules here
https://www.kitces.com/blog/understandi ... nversions/
by mhalley
Mon Jul 05, 2021 3:08 pm
Forum: Personal Consumer Issues
Topic: Emergency preparedness for runners
Replies: 27
Views: 2209

Re: Emergency preparedness for runners

I ran into an aquaintance I hadn't seen in a long time at the gym the other day. He had a bandage and compression stocking on one leg. Turns out he was out jogging and was attacked by a dog. The bite got infected despite prompt medical attention, and he is still fighting the infection/non healing wo...
by mhalley
Mon Jul 05, 2021 3:00 pm
Forum: Personal Consumer Issues
Topic: Windows 11
Replies: 68
Views: 6337

Re: Windows 11

Ditto the Win 11 might not work on older pcs. You can download a checker to see, but my old pc did not meet the requirements. I have like one program that I have to use to update a playstation peripheral once a year or so, but otherwise use Ubuntu for my desktop computing needs. Looks like microsoft...
by mhalley
Fri Jul 02, 2021 9:47 pm
Forum: Personal Consumer Issues
Topic: Meal Delivery
Replies: 29
Views: 2860

Re: Meal Delivery

A thousand calories for one meal is quite a bit, as 2k is the “average” for an adult male. Why not increase the calories on your own by opening a can of veggies, or soup for a first course, or microwaving a frozen appetizer, or having a baked sweet potato or some whole grain rolls? Or some fresh fru...
by mhalley
Thu Jul 01, 2021 2:59 pm
Forum: Personal Consumer Issues
Topic: iPhone IP address marked as spam on another forum
Replies: 6
Views: 395

Re: iPhone IP address marked as spam on another forum

I think using a vpn will change your ip, so if it is important to you to use the forum you could try that,
by mhalley
Tue Jun 29, 2021 8:58 pm
Forum: Personal Consumer Issues
Topic: Is Apple refurbished iPhone XR 128Gb, worth $500?
Replies: 19
Views: 1310

Re: Is Apple refurbished iPhone XR 128Gb, worth $500?

I would say that iphone purchases come into the "want" and not the "need" category. The fact that you are buying any iphone is already not thrifty. It is a luxury, as you could get a "reasonable" android phone that does everything you "need" it to do for aroun...
by mhalley
Tue Jun 29, 2021 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Using 529 plans for K-12 education
Replies: 4
Views: 483

Re: Using 529 plans for K-12 education

This site seems to suggest NJ will allow it.
https://www.edchoice.org/engage/can-i-u ... -expenses/
Qualified distributions from any 529 plans are exempt.
by mhalley
Sat Jun 26, 2021 10:37 am
Forum: Personal Finance (Not Investing)
Topic: IRS Direct Pay or EFTPS?
Replies: 4
Views: 479

Re: IRS Direct Pay or EFTPS?

Both are feee. EFTPS takes a week or so to get setup, but then you can schedule all of your quarterly tax debits for the year at once. https://www.dontmesswithtaxes.com/2014/09/ways-to-pay-your-estimated-taxes.html I have used both without problem, it’s just a matter of if you want to automate the p...
by mhalley
Thu Jun 24, 2021 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Victim of identity theft - any must do?
Replies: 13
Views: 1121

Re: Victim of identity theft - any must do?

You are the product for the credit bureau’s, and if you freeze your credit they can’t make money off you. I imagine that is why the 2 bureaus gave you incorrect information. You do NOT have to do an alert “first”. You can have a freeze and an alert at the same time. Complete the freeze on the other ...
by mhalley
Tue Jun 22, 2021 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: roth ira for a minor who does cash work?
Replies: 19
Views: 1452

Re: roth ira for a minor who does cash work?

The ira kids site has lots of info on Roth’s for minors, plus it was started by one.
http://irakids.com/
by mhalley
Mon Jun 21, 2021 10:05 pm
Forum: Personal Consumer Issues
Topic: Do you use a Kindle? Are they worth trying?
Replies: 133
Views: 8329

Re: Do you use a Kindle? Are they worth trying?

Kindle user since the first clunky model, then paper white and now oasis. Larger size of the oasis makes it easier to read with larger font without having to do frequent page turns. Much better to read with e sink vs tablet, plus much lighter and better battery life. I hardly ever buy paper books an...
by mhalley
Sun Jun 20, 2021 7:29 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6908
Views: 1495087

Re: What Movie Have You Recently Watched?

On Netflix: I watched The Stowaway (76% on RT)about an accidental stowaway on a manned 2 year mission to mars. As the trip was planned for 3 people, the addition of a 4th causes problems with the oxygen supply and CO2 scrubbers, resulting in a moral quandery for the astronauts. Has a pretty good eva...
by mhalley
Sun Jun 20, 2021 6:52 pm
Forum: Personal Investments
Topic: Best type of taxable account for married in Florida
Replies: 5
Views: 591

Re: Best type of taxable account for married in Florida

In fla, you also have the option of a joint by the entirety account, which offers better protection. https://www.yolofskylaw.com/blog/floridas-asset-protection-for-married-couples-tenancy-by-the-entirety.cfm But overall, seperate, joint, or both is fine. I would lean towards joint for brokerage, and...
by mhalley
Sat Jun 19, 2021 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Establishing Credit
Replies: 11
Views: 451

Re: Establishing Credit

Having a credit score is helpful in many aspects of life besides loans, ranging from decreasing insurance rates to employment to apartment renting. There are several ways to help him establish a credit score. 1. Add him to one of your cc [assuming you have excellent credit 2. Check local credit unio...
by mhalley
Thu Jun 17, 2021 1:50 am
Forum: Personal Investments
Topic: Do you have a "survival" retirement number?
Replies: 94
Views: 10672

Re: Do you have a "survival" retirement number?

I didn’t do this myself but it is discussed often on the retirement and IRA Show podcast. They call it the “minimum dignity floor”. I believe they include housing, food, utilities, health care and transportation in their calculations for this number. Then they add what they call fun money for vacati...
by mhalley
Tue Jun 15, 2021 3:55 pm
Forum: Personal Investments
Topic: Fidelity non-spouse inherited IRA RMD?
Replies: 9
Views: 929

Re: Fidelity non-spouse inherited IRA RMD?

I imagine they say estimated so you can’t point the finger at them if it’s wrong. It is your responsibility to do the calculations to make sure they are right. Are they right? I would say there is a >98% chance they are. This will be especially important next year when the tables change. Oo, this is...
by mhalley
Tue Jun 15, 2021 11:24 am
Forum: Personal Consumer Issues
Topic: Google voice to d/c sms forwarding
Replies: 4
Views: 688

Google voice to d/c sms forwarding

Everyone that uses google voice probably got the email, but just putting this out there if anyone missed it. Google voice will be discontinuing sms forwarding Aug 1, 2021. So if you use GV for 2FA you will need to use the app, voice.google.com, or enable forwarding to email to get your 2FA pin.
by mhalley
Mon Jun 14, 2021 11:23 pm
Forum: Personal Investments
Topic: Vanguard financial services - portfolio help
Replies: 8
Views: 1070

Re: Vanguard financial services - portfolio help

When faced with less than ideal funds in a taxable account, you have several options, particularly when they are no5 egregious. If the funds were high ER, high dividend paying and capital gain producing, then selling them all at one and taking the tax hit all at once is the way to go. First, turn of...
by mhalley
Mon Jun 14, 2021 10:30 pm
Forum: Personal Investments
Topic: Dump my IRA
Replies: 23
Views: 2744

Re: Dump my IRA

As noted above, you can’t get out of paying taxes on money (or shares of stock, etf or mf) removed from an IRA. The guys over at the Retirement and IRA show calls an IRA an “always taxable account” as opposed to the sometimes taxable (taxable account) or never taxable (Roth account). Now that you kn...
by mhalley
Mon Jun 14, 2021 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Advice for Divorcee
Replies: 54
Views: 4462

Re: Real Estate Advice for Divorcee

IANAL. I would do it only if you got a quitclaim deed or other formal agreement signed that the new RE will be solely yours and not part of the joint assets. But I wouldn’t buy it jointly, only in your name. If you buy it jointly then you will have to get the deed changed to your name, probably cost...
by mhalley
Mon Jun 14, 2021 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA appeal based on a one-time Roth conversion?
Replies: 9
Views: 1223

Re: IRMAA appeal based on a one-time Roth conversion?

I did the Irma appeal due to a divorce last year and it was relatively painless. I used boomer benefits to help make my Medicare decision (they have lots of expertise in this area) and came across this article: https://boomerbenefits.com/reconsideration/?utm_source=google&utm_medium=cpc&utm_...
by mhalley
Sun Jun 13, 2021 9:25 pm
Forum: Personal Consumer Issues
Topic: Tire flat fixing for beginners
Replies: 159
Views: 8946

Re: Tire flat fixing for beginners

No personal experience, but another option for those unable to loosen lug nuts would be an impact wrench. I think there is less likelihood of breaking the bolt that way, as the person using the breaker bar would have less experience and be more likely to use it incorrectly. During my google searches...
by mhalley
Fri Jun 11, 2021 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: No SS card no access to new ETrade account
Replies: 49
Views: 3775

Re: No SS card no access to new ETrade account

I am aghast that would ignore their financial accounts for five years.
by mhalley
Fri Jun 11, 2021 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidate 401k's to Vanguard Roth IRA?
Replies: 5
Views: 448

Re: Consolidate 401k's to Vanguard Roth IRA?

Vanguard, fidelity and Schwab are all considered to be excellent brokerages to consolidate your old retirement accounts. They all have low fee, passive index funds. The wiki post regarding the 3 fund portfolio shows how to invest at fidelity and Schwab. https://www.bogleheads.org/wiki/Three-fund_por...
by mhalley
Fri Jun 11, 2021 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Roth vs Traditional 403b - consideration of beneficiaries?
Replies: 5
Views: 375

Re: Roth vs Traditional 403b - consideration of beneficiaries?

Sorry for your medical problem. No one can predict their death date, and who knows, perhaps a cure for your problem will be found. When faced with uncertainty, sometimes splitting the difference can make sense. How about 50%roth/50%trad?
by mhalley
Thu Jun 10, 2021 11:37 pm
Forum: Non-US Investing
Topic: Australia - Is it time for me to start investing?
Replies: 7
Views: 1169

Re: Australia - Is it time for me to start investing?

Thinking about this at such a young age puts you way ahead of most people.Sarting to 8nvest at your age really gives that compounding a boost. I don’t know how retirement savings works down under, (it looks like you have retirement accounts like we do)but I would say put 15% into retirement and save...