Search found 166 matches

by k b
Mon Feb 22, 2021 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Private School - financially irresponsible?
Replies: 213
Views: 16750

Re: Private School - financially irresponsible?

I'm trying to decide whether it would be financially irresponsible of me to send my two children to private school in the fall (would be starting Kindergarten and plan to stay through 8th grade). The combined cost will be ~25% of net income (after taxes and after maxing out 401(k) and back door IRA...
by k b
Mon Feb 22, 2021 1:02 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

1Password (desktop version and browser extension) offers an OPEN AND FILL option. So, no need to write out username and password. Bitwarden doesn't seem to offer this, though it offers a launch option that opens the site in question. Is this right? Or am I not looking properly? New to Bitwarden. Th...
by k b
Sun Feb 21, 2021 8:44 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation & Inexperience During Bear Markets
Replies: 72
Views: 3238

Re: Asset Allocation & Inexperience During Bear Markets

Are you looking for income from bonds? Or are you simply looking to reduce volatility? If the latter, how stable is your 'regular' (i.e., salary or business) income? If your regular income is stable, I recommend that you go with a higher equity allocation. The 'emotional hedge' that your bond alloc...
by k b
Sun Feb 21, 2021 8:39 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation & Inexperience During Bear Markets
Replies: 72
Views: 3238

Re: Asset Allocation & Inexperience During Bear Markets

I know lots of people ignore last March but in my mind it was a bear market just like any other. See what you did then and evaluate accordingly. One issue is that it was so short-lived that it gave many of us (including me) some 'false positive' signals about the length of bear markets and the quic...
by k b
Sun Feb 21, 2021 5:51 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation & Inexperience During Bear Markets
Replies: 72
Views: 3238

Re: Asset Allocation & Inexperience During Bear Markets

I know lots of people ignore last March but in my mind it was a bear market just like any other. See what you did then and evaluate accordingly. One issue is that it was so short-lived that it gave many of us (including me) some 'false positive' signals about the length of bear markets and the quic...
by k b
Sun Feb 21, 2021 5:49 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation & Inexperience During Bear Markets
Replies: 72
Views: 3238

Re: Asset Allocation & Inexperience During Bear Markets

Are you looking for income from bonds? Or are you simply looking to reduce volatility? If the latter, how stable is your 'regular' (i.e., salary or business) income? If your regular income is stable, I recommend that you go with a higher equity allocation. The 'emotional hedge' that your bond alloca...
by k b
Sun Feb 21, 2021 5:43 pm
Forum: Personal Investments
Topic: Need Advice / Never invested- $100K in Savings - Whats right to do..
Replies: 11
Views: 1468

Re: Need Advice / Never invested- $100K in Savings - Whats right to do..

Agree with the advice above. Don't prepay the mortgage. Take some time to understand your risk tolerance. IF you are comfortable with your emergency fund and / or you are comfortable that the two incomes are fairly stable (won't lose job without reasonable notice + can get other comparable jobs with...
by k b
Sun Feb 21, 2021 5:27 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

1Password (desktop version and browser extension) offers an OPEN AND FILL option. So, no need to write out username and password. Bitwarden doesn't seem to offer this, though it offers a launch option that opens the site in question. Is this right? Or am I not looking properly? New to Bitwarden. Tha...
by k b
Sun Feb 21, 2021 3:12 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

We use 2FA, but the second level of authentication is linked to our cellphones. A code is sent to the cellphone and is valid for 30 minutes. https://fraud.org/port_out_alert/ unless you're already aware....many (try to) avoid this due to port-out scams (well, I do) Thank you. I hadn't logged in for...
by k b
Tue Jan 26, 2021 3:57 pm
Forum: Personal Investments
Topic: Do bonds make sense if you never rebalance?
Replies: 17
Views: 1261

Re: Do bonds make sense if you never rebalance?

IMHO - With interest rates where they are, bonds make sense ONLY as emotional hedges when stocks drop (portfolio drops less) and as sources of interest income. Of course, my statement assumes a reasonable EF and no immediate need to dip into the portfolio. Alternatively, you could increase your over...
by k b
Tue Jan 26, 2021 3:31 pm
Forum: Investing - Theory, News & General
Topic: Inflation-Protected Portfolio ?
Replies: 58
Views: 4133

Re: Inflation-Protected Portfolio ?

I read a comment some months ago that EQUITY is actually a great inflation hedge. Broad market index, not necessarily single stocks. Makes sense to me. Bonds cannot rise too much in a deflation scenario, but can fall quite a bit if there is inflation. Gold as an inflation hedge is somewhat of a fall...
by k b
Mon Jan 25, 2021 9:49 am
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

When you right click and 'unlock' the extension, hover over the password area. You will see an option to REVEAL.
by k b
Sun Jan 24, 2021 10:15 pm
Forum: Personal Investments
Topic: Our full picture - turning to BHs as financial advisors
Replies: 24
Views: 2847

Re: Our full picture - turning to BHs as financial advisors

I had to re-read some of the numbers just to be sure! You are doing great for your age!! Congratulations. Some broad points: - for 'emotional hedge', you might want to reduce your asset allocation to 80/20 - unless you believe your risk tolerance is really high (for example, how did you react in Mar...
by k b
Sat Jan 23, 2021 4:45 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

I use a Firefox add-on. Tried again this morning and I was actually able to see my password on the screen! About to switch on 2FA. Make sure you are using the official 1Password extension. I do not see my master password on the screen when I login through the extension. I think I figured it out. Th...
by k b
Sat Jan 23, 2021 4:39 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

"OP, one of the posters above explained why the secret code is another layer of security and functions similar to 2FA. Once you have set up a new device with the code, it is not asked for again, but you will need it if trying to log in from an unrecognized device." - YES, I LEARNED THIS IN...
by k b
Sat Jan 23, 2021 3:59 pm
Forum: Personal Consumer Issues
Topic: Town A vs Town B
Replies: 75
Views: 5258

Re: Town A vs Town B

Town B. If "town seems very focused on the success and education of their kids" means that your kids will be motivated to do better, I vote for it. One thing I would ask is if you feel you are in the same economic class as Town B folks. Otherwise, kids are going to have a big mismatch betw...
by k b
Sat Jan 23, 2021 3:54 pm
Forum: Personal Investments
Topic: Equity Bubble Investing AKA How/when to get back in?
Replies: 38
Views: 2636

Re: Equity Bubble Investing AKA How/when to get back in?

If you just want to go back to your June 20 level of AA, you really haven't lost too much (although it emotionally hurts because you gave up upside "unnecessarily"). Just go back in now! Research says that you should do so all at once. But if you want to manage your emotions on the way in,...
by k b
Sat Jan 23, 2021 3:49 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

All, Thanks for your inputs. I decided to go for 1Password (one person plan) after reading through a bunch of stuff, including the Wirecutter article posted here. I have a follow-up Q :) :) 1Password provides 2FA, which links to your cellphone. My Q is whether I can link my account to TWO DIFFERENT...
by k b
Sat Jan 23, 2021 3:45 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

All, Getting there, but it's going to take time :-) I asked about 2FA because somewhere within my profile 1Password actually revealed my PW to me! Even hotmail or yahoo mail don't do that!! But then - the secret key is not asked for when I log in? So, how is it 2FA? Are you mistaking the secret key...
by k b
Sat Jan 23, 2021 12:32 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

All, Getting there, but it's going to take time :-) I asked about 2FA because somewhere within my profile 1Password actually revealed my PW to me! Even hotmail or yahoo mail don't do that!! But then - the secret key is not asked for when I log in? So, how is it 2FA? Are you mistaking the secret key...
by k b
Tue Jan 19, 2021 9:42 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

All, Thanks for your inputs. I decided to go for 1Password (one person plan) after reading through a bunch of stuff, including the Wirecutter article posted here. I have a follow-up Q :) :) 1Password provides 2FA, which links to your cellphone. My Q is whether I can link my account to TWO DIFFERENT...
by k b
Mon Jan 18, 2021 4:18 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

All, Thanks for your inputs. I decided to go for 1Password (one person plan) after reading through a bunch of stuff, including the Wirecutter article posted here. I have a follow-up Q :) :) 1Password provides 2FA, which links to your cellphone. My Q is whether I can link my account to TWO DIFFERENT ...
by k b
Fri Jan 15, 2021 10:42 am
Forum: Personal Investments
Topic: Health Care or Lump Sum?
Replies: 8
Views: 567

Re: Health Care or Lump Sum?

Do the two of you have any pre-existing medical conditions that might be expensive to insure? Or some family medical history that could show up in your health in a few years? If yes, a 'no Qs asked' policy could work out better over a 10-15 year time period than shopping around for insurance every y...
by k b
Thu Jan 14, 2021 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: 529, UTMA/UGMA, or establish a trust?
Replies: 19
Views: 1225

Re: 529, UTMA/UGMA, or establish a trust?

Have a 6 month old son who I would like to start putting money away for and not sure which option will best fit my families needs. Secure your own oxygen mask before assisting others. Today you and a partner can each gift the sum of $5M in your lifetimes without paying tax, AND $15k/year. Build up ...
by k b
Thu Jan 14, 2021 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Offshore Bank Account?
Replies: 33
Views: 4210

Re: Offshore Bank Account?

Unless you are worried about a collapse of the US banking system or you have specific local currency needs overseas (immigrants with home country connections, as an example) when you visit those countries, I would say having a bank account overseas is not recommended. Your wish to diversify by count...
by k b
Thu Jan 14, 2021 1:42 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

All - just a quick note to say THANKS for your feedback and time.

I will need read these points again (and read up the link posted by Bolderboy) over the 3-day weekend before I revert with anything meaningful.
by k b
Thu Jan 14, 2021 1:40 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

if you do use a password manager that requires 2 factor authentication (I'd recommend it on all others that don't have a secret key), then the spouse who doesn't control the 2nd factor will be annoyed. If you share one account and it decides you need to redo your 2nd factor to login, you will have ...
by k b
Tue Jan 12, 2021 7:11 pm
Forum: Personal Consumer Issues
Topic: International Phone Calls
Replies: 13
Views: 669

Re: International Phone Calls

Thank you for your input We only call Germany and just dialing doesn't work. The suggestions for using apps might be difficult. We are non techie seniors on both ends and would not the other party need to install the same app? In that case, look for a landline plan that includes low cost calls to G...
by k b
Tue Jan 12, 2021 4:37 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

My recommendation is Bitwarden if you want to use a free one and don't need to share passwords with anyone. I'd recommend 1Password if you want the most spouse friendly one that is really easy to share vaults/passwords. And you don't mind paying for one. Could you explain what "don't need to s...
by k b
Tue Jan 12, 2021 4:27 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Re: Password manager

My recommendation is Bitwarden if you want to use a free one and don't need to share passwords with anyone. I'd recommend 1Password if you want the most spouse friendly one that is really easy to share vaults/passwords. And you don't mind paying for one. Could you explain what "don't need to s...
by k b
Tue Jan 12, 2021 4:18 pm
Forum: Personal Consumer Issues
Topic: International Phone Calls
Replies: 13
Views: 669

Re: International Phone Calls

Where do the people you call regularly live? If they live in countries that allow VOIP calls, then all you need is an app like Skype or Zoom or Whatsapp or Signal (I am sure there are more). Most people have one or more of these apps on their smartphones nowadays. For each country, you just need to ...
by k b
Tue Jan 12, 2021 4:05 pm
Forum: Personal Consumer Issues
Topic: Password manager
Replies: 94
Views: 8257

Password manager

Starting a separate chain to post these Qs hoping for specific guidance. I previously posted them in the Mac Air thread and found a lot of good info there, but would still like clarity on the following. Honestly, I think most of the usual choices would work. But it is very likely that I will be tied...
by k b
Sun Jan 10, 2021 4:39 pm
Forum: Personal Consumer Issues
Topic: Password manager for Mac Air
Replies: 26
Views: 2013

Re: Password manager for Mac Air

I am looking for a manager to use on both Mac and Windows, preferably across browsers.

That is, a browser add-on that I could access from any browder / machine. Then, I could just login to Lastpass or Bitwarden first and then head to whichever site I want to visit. Does that make sense?
by k b
Sun Jan 10, 2021 3:51 pm
Forum: Personal Consumer Issues
Topic: Password manager for Mac Air
Replies: 26
Views: 2013

Re: Password manager for Mac Air

Glad I stumbled upon this chain today. Couple of rookie questions, please (in my defence - I did watch a couple of YT videos to understand how this works :) ): Lastpass seems to be most commonly used. I see that they offer a free version, which does the job for me. Any reason why a "regular&quo...
by k b
Tue Dec 29, 2020 4:36 pm
Forum: Personal Investments
Topic: Help choosing the right brokerage
Replies: 20
Views: 1189

Re: Help choosing the right brokerage

Fidelity is the broker I'd go with. i'm not a fan of a 'checkbook' control 401k, but it has an appeal or necessity for some, and the type of 401k plan the OP describes is probably similar to what is described here: https://www.irafinancialgroup.com/wp/setting-up-a-self-directed-solo-401k-plan-with-...
by k b
Mon Dec 28, 2020 7:57 pm
Forum: Personal Investments
Topic: Portfolio Evaluation
Replies: 5
Views: 423

Re: Portfolio Evaluation

KB: Thank you for the response. Ill address both 401k's since I'm not sure which you're referring to. - His 401k has the match, and that match will be maxed with either tradition 401k contributions or Roth 401k contributions. -Her 401k doesn't have any match, which is one of the two main reasons we...
by k b
Mon Dec 28, 2020 5:37 pm
Forum: Personal Investments
Topic: Portfolio Evaluation
Replies: 5
Views: 423

Re: Portfolio Evaluation

OP - Why stop contributing to 401k? Esp if the employer matches, I would prioritise this over most other savings / investments.
by k b
Mon Dec 28, 2020 11:54 am
Forum: Personal Investments
Topic: Help choosing the right brokerage
Replies: 20
Views: 1189

Re: Help choosing the right brokerage

Perhaps I read the requests too simplistically, but as I read through your post I thought Fidelity would fit your requirements. Please check out their website / faq for details. If you have a very specific requirement, call their cust service (which I found to be quite good).
by k b
Mon Dec 28, 2020 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Delaware General Corp
Replies: 1
Views: 136

Delaware General Corp

Hi all, I incorporated a General Corp in DE over the summer but never really did anything with it. No real activity. Couple of minor expenses (furniture), but no revenue or transactions. As the year ends, I am looking to understand the tax requirements / implications. Could someone point me to a goo...
by k b
Sun Nov 08, 2020 12:24 pm
Forum: Investing - Theory, News & General
Topic: % allocation in bitcoin
Replies: 204
Views: 12851

Re: % allocation in bitcoin

What percent of your total portfolio do you think it's reasonable to hold in bitcoin. I know this is a highly unpopular opinion on a boglehead forum, but I do think it has value in the modern portfolio as diversification. I would appreciate comments from people who have studied the principles of bl...
by k b
Sun Oct 18, 2020 8:40 pm
Forum: Personal Investments
Topic: AA and tax loss harvesting
Replies: 42
Views: 2512

Re: AA and tax loss harvesting

Thanks, everyone. Not sure if I am clearer on what to do with my allocations. But I certainly learned a lot. :happy :happy

The last two posts about post-retirement draws and how they could affect health insurance were particularly eye-opening. I was completely unaware.
by k b
Wed Oct 14, 2020 8:41 pm
Forum: Personal Investments
Topic: AA and tax loss harvesting
Replies: 42
Views: 2512

Re: AA and tax loss harvesting

[/quote] Let's run the numbers. A lump sum income of $10000. For simplicity fixed income tax rate 30% for the whole life. Capital gains tax rate: 15%. Stock market return 5%. Investment time: 30 years. Everything liquidated after 30 years. Let's see how what happens to that $10000 on different acco...
by k b
Tue Oct 13, 2020 7:10 pm
Forum: Personal Investments
Topic: AA and tax loss harvesting
Replies: 42
Views: 2512

Re: AA and tax loss harvesting

Thanks for all the comments. But sorry I am still not clear: If I assume that I will withdraw from non-taxable: only after retirement at my discretion And if I assume that stocks will grow faster than bonds THEN shouldn't I have my stocks in non-taxable. That way, I have the choice of either selling...
by k b
Mon Oct 12, 2020 9:13 pm
Forum: Personal Investments
Topic: AA and tax loss harvesting
Replies: 42
Views: 2512

Re: AA and tax loss harvesting

rkhusky wrote: Mon Oct 12, 2020 5:09 pm Mainly stocks in Roth.
Mainly stocks in taxable.
Most bonds in Traditional (tax-deferred). Although having bonds in taxable isn't terrible - taxable bonds if in a low tax bracket (12%), tax-exempt bonds if in a high tax bracket (28%+).
Please, could you explain your logic?

Thanks.
by k b
Mon Oct 12, 2020 9:12 pm
Forum: Personal Investments
Topic: AA and tax loss harvesting
Replies: 42
Views: 2512

Re: AA and tax loss harvesting

If you have a long time horizon, I'd recommend: - Bonds in taxable - Stocks in 401k/Roth A) Stocks have a higher return, so they get more benefit from the deferred taxation than bonds ("interest-for-interest") B) Bonds are more tax-efficient in 401k/Roth, but because yields are near zero,...
by k b
Mon Oct 12, 2020 6:25 pm
Forum: Personal Investments
Topic: AA and tax loss harvesting
Replies: 42
Views: 2512

Re: AA and tax loss harvesting

mega317 wrote: Mon Oct 12, 2020 3:40 pm Point 2 this isn’t really TLH you’re just trying to rearrange your portfolio without paying taxes, which is great. I’d rather use the 3k loss to offset income than LT gains.
Yes. Makes sense. Thanks for the feedback.
by k b
Mon Oct 12, 2020 1:19 pm
Forum: Personal Investments
Topic: AA and tax loss harvesting
Replies: 42
Views: 2512

AA and tax loss harvesting

Trying to put a few different ideas together for my own clarity. Please bear with me. For the purposes of this discussion, please assume: a broad 75:25 allocation between mostly US equity and bonds. stock market that goes up long-term 50:50 allocation between taxable and non-taxable (IRA / 401k) Poi...
by k b
Fri Oct 09, 2020 1:36 pm
Forum: Personal Investments
Topic: What to speculate on?
Replies: 48
Views: 3243

Re: What to speculate on?

Have $10-20K to "invest", thanks to Covid savings (WFH, no summer vacation, etc.) and some previous savings. This is not a very large portion of my NW (which is invested in a very BH way). So, I am willing to "speculate". Prefer to purchase a low load index mutual fund. Not look...
by k b
Fri Oct 09, 2020 1:31 pm
Forum: Personal Investments
Topic: What to speculate on?
Replies: 48
Views: 3243

Re: What to speculate on?

[/quote]
It actually show QQQ higher over 10 years, FSPTX for shorter periods (but only slightly so) - didn't realize you had a requirement to but a fund and not an etf.
[/quote]

Was a preference, not a strict requirement. But because I already had some FSPTX, I simply added to it.