Search found 1113 matches

by MindBogler
Wed Apr 21, 2021 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Need Cash for Divorce Payout
Replies: 68
Views: 3819

Re: Need Cash for Divorce Payout

Compare the costs of the IRA withdrawal vs the best deal you can find on a HELOC. Is selling the home then downsizing an option? j :D Well it's an option but I love the house and the property, so it's not a good option for me. Cash out refi? Can she wait that long. If you both are on the mortgage, ...
by MindBogler
Mon Apr 19, 2021 11:28 pm
Forum: Investing - Theory, News & General
Topic: I Bonds variable rate @ 3.54% in May
Replies: 118
Views: 14059

Re: I Bonds variable rate @ 3.54% in May

will this not have detrimental impact on the total stock market funds when everyone sells April 30th, May 1st to buy I bonds? I bet a very small % of Americans know what I Bonds are, and an even smaller percent would be willing and able to buy them. It's really unfortunate. We are kind of in a bubb...
by MindBogler
Sun Apr 18, 2021 9:42 pm
Forum: Personal Investments
Topic: Invest 120K now or wait for the crash?
Replies: 75
Views: 9804

Re: Invest 120K now or wait for the crash?

Put it all in now. If it crashes soon then you have a great tax loss harvest opportunity.
by MindBogler
Thu Apr 08, 2021 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Why do I owe so much in Taxes?
Replies: 55
Views: 6761

Re: Why do I owe so much in Taxes?

I honestly think that tax withholding vs taxes due is confusing by design. People are often excited to receive a refund as if it were a windfall. I try to set my withholdings such that my tax situation is +/- $1000/yr. Ideally, I'd like to owe a small amount at tax time.
by MindBogler
Mon Apr 05, 2021 5:34 pm
Forum: Personal Consumer Issues
Topic: Best nonstick pans?
Replies: 65
Views: 5180

Re: Best nonstick pans?

+1 for carbon steel or cast iron. There is an adjustment period. You have to season them correctly. Do not wash them with dish soap. You will never replace these pans. It's the ultimate, frugal boglehead purchase IMO.
by MindBogler
Sun Apr 04, 2021 3:55 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash now?
Replies: 51
Views: 4658

Re: Is Cash Trash now?

watchnerd wrote: Sun Apr 04, 2021 3:50 pm As for gripping, try a hook grip.
I've thought about it but scared I'm going to pop my bicep tendon. I'm not trying to lift professionally, just keep my strength good for health reasons.
by MindBogler
Sun Apr 04, 2021 3:44 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash now?
Replies: 51
Views: 4658

Re: Is Cash Trash now?

Can you deadlift 220kg yet? :D :sharebeer Yes. But it's not a competition lift for me, so I don't have upside to get it higher than it is. It also doesn't carry over to clean pulls as much as one might think. That is really impressive. 315lb/143kg is about right for me! I refuse to use wrist straps...
by MindBogler
Sun Apr 04, 2021 3:09 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash now?
Replies: 51
Views: 4658

Re: Is Cash Trash now?

watchnerd wrote: Sun Apr 04, 2021 2:27 pm
goodenyou wrote: Sun Apr 04, 2021 1:55 pm

Buy a Peloton. You will burn calories and cash.
Pfffft.

I already have an Olympic lifting platform and 220 kg of competition bumper plates.
Can you deadlift 220kg yet? :D

:sharebeer
by MindBogler
Thu Apr 01, 2021 10:51 am
Forum: Personal Investments
Topic: Roth IRA backdoor conversion question
Replies: 15
Views: 846

Re: Roth IRA backdoor conversion question

What I'm trying to ask and I'm still unclear about is if today I were to add $6k AFTER TAX money to a new (or apparently existing) traditional IRA money market fund and then subsequently convert that $6k to my Roth IRA is that going to cause me to pay taxes this year? You need to convert your exist...
by MindBogler
Thu Apr 01, 2021 10:47 am
Forum: Personal Investments
Topic: Brand new to ESPP and at a loss - Participate vs Increase 401k Contributions
Replies: 16
Views: 643

Re: Brand new to ESPP and at a loss - Participate vs Increase 401k Contributions

TLDR/Actual Questions (finally) - So, where the heck do I start with all of this. Obviously, I need to sign up once eligible, but how do you determine how much salary to put towards an ESPP? Do you gauge it on growth prospects of the company? Is it worth doing an ESPP if you're only comfortable wit...
by MindBogler
Sun Mar 28, 2021 11:47 am
Forum: Personal Investments
Topic: Avoid 401k rollover to avoid pro-rata pain with backdoor Roth?
Replies: 3
Views: 293

Re: Avoid 401k rollover to avoid pro-rata pain with backdoor Roth?

If your new plan accepts it, you can also roll the old 401k into the new. So long as your T-IRAs are $0 by December 31st, there will be no tax owed on a backdoor Roth.
by MindBogler
Wed Mar 24, 2021 4:59 pm
Forum: Personal Consumer Issues
Topic: Retention of Government Employee E-mails
Replies: 23
Views: 1788

Re: Retention of Government Employee E-mails

What do you mean they don't disappear when I delete them? When I asked IT for help in trying to recover some deleted emails, they told me it was impossible. At least according to my IT department, emails are permanently irrecoverable after deletion. Assume there is some backup somewhere. If IT won'...
by MindBogler
Wed Mar 24, 2021 11:04 am
Forum: Personal Consumer Issues
Topic: benefit of vaccination with kids at home
Replies: 26
Views: 1578

Re: benefit of vaccination with kids at home

I may be the odd sheep, because I have taken several trips during the pandemic and had great experiences. Airfare is cheap, hotels are practically empty and attractions are uncrowded. I figure with only one life to live (YOLO), I am not going to modify my routines at all. Our child travelled with us...
by MindBogler
Tue Mar 23, 2021 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Which spouse takes deductions?
Replies: 27
Views: 1560

Re: Which spouse takes deductions?

Certain cafeteria plans, like flex spending accounts, etc. come out pre-tax. They reduce your gross income. Ah! In certain cases this can be incredibly advantageous, as well. Imagine if you are hovering near some income threshold, like the phaseout for traditional IRA contributions. Maybe adding a ...
by MindBogler
Tue Mar 23, 2021 8:18 pm
Forum: Personal Consumer Issues
Topic: Romaine Lettuce & bagged salads - concerns
Replies: 45
Views: 4383

Re: Romaine Lettuce & bagged salads - concerns

As a Boglehead, I buy my produce in whatever form is cheapest. Usually that’s from the unbagged, extra-GMO, not even remotely organic bin. FYI there's usually a bin behind the store where you can get your lettuce and other foods for nothing. Now that is extreme frugality, even by Bogleheads standar...
by MindBogler
Tue Mar 23, 2021 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Which spouse takes deductions?
Replies: 27
Views: 1560

Re: Which spouse takes deductions?

Unless you are filing taxes separately it all ends up on the same tax return. Married Filing Separately is rarely advantageous. Sure but FICA is per individual is it not? Yes but FICA is based on gross is it not? Certain cafeteria plans, like flex spending accounts, etc. come out pre-tax. They redu...
by MindBogler
Tue Mar 23, 2021 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Which spouse takes deductions?
Replies: 27
Views: 1560

Re: Which spouse takes deductions?

If you are MFJ, I think I'd look at the entire picture holistically. The last dollar is taxed at the same, highest marginal rate, regardless of who takes which deduction. In this case, both you and your spouse pay the same percent tax on the last dollar. Since these cafeteria plans reduce your wife'...
by MindBogler
Thu Mar 18, 2021 12:23 pm
Forum: Investing - Theory, News & General
Topic: Investing at the very top in 2000 has still made one 7% a year over the past 21 years
Replies: 148
Views: 12335

Re: Investing at the very top in 2000 has still made one 7% a year over the past 21 years

Warren Buffett has said that interest rates are the closest thing resembling laws of physics in the world of finance. If and when interest rates go up, maybe slowly, but if/when steadily, then the discounted values of all those future cash flows are going to come crashing back to earth. And it won'...
by MindBogler
Wed Mar 17, 2021 9:10 pm
Forum: Personal Consumer Issues
Topic: Anyone with experience removing pipe plugs
Replies: 61
Views: 4804

Re: Anyone with experience removing pipe plugs

Notes: 1 Get the right size socket and breaker bar 2 Use penetrating oil and over a period of time, spray spray spray and let it seep in 4 Try heating the area around it with a propane torch, not too hot, then #3, if not, #2, wait. Truncated the list, but these 3, with patience, will free 99% of st...
by MindBogler
Wed Mar 17, 2021 9:08 pm
Forum: Personal Consumer Issues
Topic: upgrade iphone 6??
Replies: 62
Views: 3837

Re: upgrade iphone 6??

I recently switched from a long-term Android user to an iPhone 12. So far I am impressed. It has tremendous battery life compared to any phone I've owned previously. If you are already part of the Apple ecosystem I think you would be happy with an upgrade.
by MindBogler
Wed Mar 17, 2021 9:04 pm
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 24025

Re: What is the BEST thing you spent money on?

Home theater. We derive many hours of enjoyment and, if you like movies/TV, the ROI is there.
by MindBogler
Wed Mar 17, 2021 8:59 pm
Forum: Investing - Theory, News & General
Topic: rebalance taxable -> large tax bill?
Replies: 29
Views: 2912

Re: rebalance taxable -> large tax bill?

Yes. Rebalance in other accounts, direct new contributions to the lagging asset, rebalance just to your threshold, or don't rebalance at all. thanks, all the other accounts with equities are taxable, no new contributions (mostly retired) and I'm at my threshold What does your retirement income look...
by MindBogler
Wed Mar 17, 2021 8:56 pm
Forum: Personal Investments
Topic: $200K Windfall - how to balance taxable/tax-advantage accounts?
Replies: 3
Views: 572

Re: $200K Windfall - how to balance taxable/tax-advantage accounts?

Dear bogle heads, We've followed 3-fund portfolios with VOO:VXUS:BND as 50:30:20 across the total asset and pretty comfortable with the ratio. Recently we just got extra $200K after-tax money from invested company RSU. So if we invest the money into the market lump-sum on VOO and VXUS ( as I think ...
by MindBogler
Wed Mar 17, 2021 8:53 pm
Forum: Personal Investments
Topic: How much do you weigh your homes value in your retirement portfolio?
Replies: 107
Views: 8673

Re: How much do you weigh your homes value in your retirement portfolio?

I can't eat my home, so I value it as zero. If I sell the home to downsize or move to a lower COL area, I will invest those gains according to my AA. Until then, I don't see any value in an illiquid asset. Don't count your chickens until they've hatched, they say.
by MindBogler
Wed Mar 17, 2021 8:51 pm
Forum: Investing - Theory, News & General
Topic: Investing at the very top in 2000 has still made one 7% a year over the past 21 years
Replies: 148
Views: 12335

Re: Investing at the very top in 2000 has still made one 7% a year over the past 21 years

He's right that it may or may not mean anything going forward. The dates chosen are an interesting one-off historical factoid. The large point, which is worth considering, that even investing at the worst possible time in the last 50 years, you still got a positive real return over the long-run. In...
by MindBogler
Mon Mar 15, 2021 7:01 pm
Forum: Personal Consumer Issues
Topic: Persian carpet mishap: what would you do?
Replies: 23
Views: 2735

Re: Persian carpet mishap: what would you do?

J45 wrote: Mon Mar 15, 2021 1:44 pm Not sure what will be your options here but a Persian rug is way more expensive than $600.

Even if you go to court, they will decided based on its age and depreciation. You may not get more than $100 or so.
And of course the age old question: What is your time worth? :D
by MindBogler
Mon Mar 15, 2021 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Decision Paralysis
Replies: 7
Views: 699

Re: Decision Paralysis

Your timeframe is too short (0 - 2yrs) to invest any of the funds, in my opinion. The best you can do is high yield savings or breakable CDs.
by MindBogler
Mon Mar 15, 2021 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund: money market to I Bonds
Replies: 18
Views: 1917

Re: Emergency fund: money market to I Bonds

I'm currently making this same transition due to low CD rates at Ally and elsewhere. I bought my first $10k of I Bonds last week. I'm planning another $10k in 6 months and I will continue making these purchases with maturing CDs until the after-tax yield on CDs improves.
by MindBogler
Mon Mar 15, 2021 11:50 am
Forum: Personal Consumer Issues
Topic: Experian Account Breached
Replies: 18
Views: 1771

Re: Experian Account Breeched

I happened to sit in on that phone call and have this observation: The security/id questions were not very foolproof. It seems someone with luck and some research effort could 'break' them. One of the three questions was 'what is your Zodiac sign' - well, anyone with a calendar and date of birth co...
by MindBogler
Thu Mar 11, 2021 11:20 pm
Forum: Investing - Theory, News & General
Topic: Large Growth’s Outperformance Over Small Value
Replies: 24
Views: 2046

Re: Large Growth’s Outperformance Over Small Value

dmcmahon wrote: Thu Mar 11, 2021 11:10 pm The only constant is change?
/thread?

One of my favorite sayings. :sharebeer
by MindBogler
Thu Mar 04, 2021 4:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22960
Views: 3012106

Re: U.S. stocks in free fall

watchnerd wrote: Thu Mar 04, 2021 4:48 pm
BoogyBogle wrote: Thu Mar 04, 2021 4:18 pm
Good luck, have fun, and welcome to a lost decade.
That would be awesome, now that I'm finally old enough to do 401k catch up contributions, so I can super accumulate.
I don't even want to be greedy, so just a few years like 2000-2003 would do wonders for those of us still accumulating.
by MindBogler
Thu Mar 04, 2021 4:30 pm
Forum: Investing - Theory, News & General
Topic: Let's remember last year's crash
Replies: 58
Views: 5562

Re: Let's remember last year's crash

The performance of the stock market over the last 12 months has indeed turned this message board in a more speculative direction, but I guarantee that the speculators will quiet down when the next recession hits. Just like 95% of the permabears disappeared after the market skyrocketed back up, the ...
by MindBogler
Thu Mar 04, 2021 4:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22960
Views: 3012106

Re: U.S. stocks in free fall

JPOW now has to deal with bonds, inflation, unemployment, DXY, and interest rates just to keep SPY stable. If any one of those breaks the whole market collapses like a pile of cards hahahahaha. Good luck, have fun, and welcome to a lost decade. Maybe the Fed is finally ready, after over a decade of...
by MindBogler
Wed Mar 03, 2021 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Urgent Care bill - does this seem high?
Replies: 44
Views: 2459

Re: Urgent Care bill - does this seem high?

This doesn't seem too bad. I know people grumble a lot about the cost of health care, but if you really want an eye-raiser, call an emergency service plumber.
by MindBogler
Tue Mar 02, 2021 7:31 pm
Forum: Personal Consumer Issues
Topic: USPS tracking info never updates
Replies: 35
Views: 2367

Re: USPS tracking info never updates

BogleKev wrote: Mon Mar 01, 2021 4:16 pm A meme I saw on this topic was essentially:

USPS Tracking:
1) Package has left facility
2) We have no idea
3) Package delivered
So true. I often will have a package in hand before the USPS tracking is updated from step 1. :confused
by MindBogler
Tue Mar 02, 2021 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7571

Re: FED_Taxable_Inherited_IRA rejection Turbotax

anon_investor wrote: Tue Mar 02, 2021 5:11 pm
MindBogler wrote: Tue Mar 02, 2021 4:33 pm I filed mine last week via TT online, with a backdoor Roth conversion, and it was accepted within a few hours.
Did you file before the Update release 2/27/2021?
Hmm, yes, it looks like I filed on 2/20.
by MindBogler
Tue Mar 02, 2021 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7571

Re: FED_Taxable_Inherited_IRA rejection Turbotax

I filed mine last week via TT online, with a backdoor Roth conversion, and it was accepted within a few hours.
by MindBogler
Tue Mar 02, 2021 1:05 pm
Forum: Investing - Theory, News & General
Topic: The Efficient Market Hypothesis fundamentally makes no sense
Replies: 108
Views: 5267

Re: The Efficient Market Hypothesis fundamentally makes no sense

There are a lot of reasons why EMH is clearly a fallacy, but let's look at one obvious flaw. One core assumption of EMH is that all news is already priced in. This makes absolutely no sense. How could new information possibly be priced in in the first place without some market participants first pr...
by MindBogler
Tue Mar 02, 2021 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much money relative to your salary makes it pointless to continue working?
Replies: 79
Views: 6325

Re: How much money relative to your salary makes it pointless to continue working?

I am trying to figure out the following. If your yearly salary is X (with no possibilities of big raises) and your assets (real estate+liquid assets) is Y, is there a value of X relative to Y at which it makes no sense to work (unless you do it only for 'fun'?). I mean, suppose your yearly salary i...
by MindBogler
Mon Mar 01, 2021 9:17 pm
Forum: Personal Investments
Topic: New King County (WA) employee-help 3 fund in 457b
Replies: 3
Views: 265

Re: New King County (WA) employee-help 3 fund in 457b

I'd probably blend these 3:

Vanguard Institutional Index Fund (VINIX)
Vanguard International Growth Fund, Admiral (VWILX)
T. Rowe Price Stable Value Common Trust Fund (no ticker)

edit - the self-directed brokerage option could also work!
by MindBogler
Mon Mar 01, 2021 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death? (Updated Original Post))
Replies: 95
Views: 12051

Re: Taking a break in your 50s: Is it the kiss of death? (Updated Original Post))

1. Most importantly, I've taken the advice to work 40 hours per week and not a minute more. This has been life changing. 2. I typically take lunch breaks now, after years of eating lunch at my desk. I highly recommend this simple change to everyone. 3. Thanks to luck, following BH principals and ma...
by MindBogler
Fri Feb 26, 2021 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10242
Views: 737083

Re: Refinance Mega Thread

Mind me asking how the process went? I am locked in with them for a jumbo refi @ 3.00% with lender credits covering all costs and $1800 of prepaids. I locked on 2/5, appraisal was 2/18 and all paperwork/docs/certs have been submitted. I'm not quite done with the process. Currently sitting in underw...
by MindBogler
Thu Feb 25, 2021 5:47 pm
Forum: Personal Investments
Topic: Interactive Brokers - SpecID
Replies: 0
Views: 134

Interactive Brokers - SpecID

This may be a novice question so I apologize. I followed the directions to use the Tax Optimizer tool and set my holdings to specific identification. However, if I click "sell" in the normal interface, it doesn't let me choose a specific lot or even show them. The lots only appear when in ...
by MindBogler
Wed Feb 24, 2021 12:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14685
Views: 1129378

Re: U.S. stocks continue to soar!

The market isn't efficient. I agree, particularly with respect to individual stocks and short time scales. The efficient market hypothesis seems to rely on the premise of the wisdom of crowds. I think crowds can be very unruly and downright herd-like at times. EMH describes the random walk I'm not ...
by MindBogler
Wed Feb 24, 2021 12:23 pm
Forum: Investing - Theory, News & General
Topic: Staying the course means buying your AA despite the "conversation in the marketplace"
Replies: 34
Views: 3844

Re: Staying the course means buying your AA despite the "conversation in the marketplace"

However, $1,000 to invest today (Feb 24, 2021), for a U.S. Boglehead with an AA of 80/20 and 25 years till retirement, and a 30% Int'l equity allocation, would most appropriately be invested in: $560 in a broad/total US market Equity index fund $240 in a broad/total Int'l Equity index fund $200 in ...
by MindBogler
Wed Feb 24, 2021 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10242
Views: 737083

Re: Refinance Mega Thread

I'm just about to close a no cost 2.25% 30yr refi through BNC. I could have taken 2.125% but that would've required cash to close. LTV is roughly 40%.
by MindBogler
Wed Feb 24, 2021 12:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14685
Views: 1129378

Re: U.S. stocks continue to soar!

rockstar wrote: Wed Feb 24, 2021 12:11 pm The market isn't efficient.
I agree, particularly with respect to individual stocks and short time scales. The efficient market hypothesis seems to rely on the premise of the wisdom of crowds. I think crowds can be very unruly and downright herd-like at times.
by MindBogler
Tue Feb 23, 2021 8:48 pm
Forum: Investing - Theory, News & General
Topic: Bonds in free fall
Replies: 657
Views: 54408

Re: Bonds in free fall

Marseille07 wrote: Mon Feb 22, 2021 3:15 pm They're supposed to rebalance into bonds but I bet lots of people are skipping this time around.
I rebalanced so much out of EDV into stocks in March it'd make your head spin. So far bonds haven't dropped enough to rebalance the other direction, but if this keeps up, I will.
by MindBogler
Tue Feb 23, 2021 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Tax filing tips
Replies: 30
Views: 3486

Re: 2020 Tax filing tips

File ASAP to prevent someone else from filing a return in your name. If you live in a state that is part of the IRS's prototype PIN program (anyone living in the state can apply for a PIN), apply for a PIN. Once the PIN is issued, only returns bearing the PIN will be accepted. That should keep the ...
by MindBogler
Mon Feb 22, 2021 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Tax filing tips
Replies: 30
Views: 3486

Re: 2020 Tax filing tips

File ASAP to prevent someone else from filing a return in your name.