Search found 707 matches

by gwe67
Fri Apr 16, 2021 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 tax records.. Destroy?
Replies: 20
Views: 1959

Re: 2017 tax records.. Destroy?

Why not just scan it all? Doesn't take up much space....

You can't un-shred documents.
by gwe67
Fri Apr 16, 2021 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can I make a Roth for my daughter?
Replies: 25
Views: 2301

Re: Can I make a Roth for my daughter?

3) If she eventually has a job with the college when she goes off to college you need to check to make sure that actually qualifies for the Roth contribution. The problem is that some college "jobs" may actually be some sort of stipend or grant that may not count as wages. Depending on th...
by gwe67
Fri Apr 16, 2021 2:11 pm
Forum: Investing - Theory, News & General
Topic: Going to receive around $1 million - what to do ?
Replies: 26
Views: 3944

Re: Going to receive around $1 million - what to do ?

1: pay off the car 2: pay off the house 3: put the max for the year into that 529 4: VTSAX the end And to build on this, why don't you and your wife have Roth IRAs? Open them, and fully fund them every year. Enjoy! Because: https://www.schwab.com/ira/roth-ira/contribution-limits There are no income...
by gwe67
Fri Apr 16, 2021 1:07 pm
Forum: Investing - Theory, News & General
Topic: Going to receive around $1 million - what to do ?
Replies: 26
Views: 3944

Re: Going to receive around $1 million - what to do ?

mikejuss wrote: Fri Apr 16, 2021 1:00 pm
Jack FFR1846 wrote: Fri Apr 16, 2021 7:08 am 1: pay off the car

2: pay off the house

3: put the max for the year into that 529

4: VTSAX

the end
And to build on this, why don't you and your wife have Roth IRAs? Open them, and fully fund them every year.

Enjoy!
Because:
https://www.schwab.com/ira/roth-ira/contribution-limits
by gwe67
Fri Apr 16, 2021 12:58 pm
Forum: Investing - Theory, News & General
Topic: Going to receive around $1 million - what to do ?
Replies: 26
Views: 3944

Re: Going to receive around $1 million - what to do ?

Don't forget to pay the huge tax bill.
by gwe67
Fri Apr 16, 2021 11:52 am
Forum: Investing - Theory, News & General
Topic: WSJ Article: New Investors Discover Tax Pitfalls of Robinhood and Other Trading Apps
Replies: 15
Views: 1752

Re: WSJ Article: New Investors Discover Tax Pitfalls of Robinhood and Other Trading Apps

Please stop linking to WSJ stories that are behind a paywall. Those that already have a subscription should be aware of the article and can read it if they want to. Those that don't, can't.
by gwe67
Thu Apr 15, 2021 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Power of a personal real estate offer letter
Replies: 77
Views: 4752

Re: Power of a personal real estate offer letter

I would like to know the buyer. I would not want my home to become a rental, which sucks for the neighbors. I also would not want to sell to a lawyer.
by gwe67
Thu Apr 15, 2021 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Another home insurance rant - do you really give them all that info?
Replies: 13
Views: 1254

Re: Another home insurance rant - do you really give them all that info?

They need that info to pull your CLUE report. You should get a copy also, to know what is in there, and to dispute anything that should not be. https://consumer.risk.lexisnexis.com/request I also understand that some carriers in some states use credit score as an underwriting factor. They need your ...
by gwe67
Thu Apr 15, 2021 10:19 am
Forum: Personal Investments
Topic: sell all rental homes in one year or stager them yearly
Replies: 21
Views: 1621

Re: sell all rental homes in one year or stager them yearly

This illustrates one of the hazards of being a landlord: the quandary of how to get out.

Your choices are death or taxes.
by gwe67
Wed Apr 14, 2021 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 76
Views: 6464

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

They can deliver the car to you when the check clears. I had a dealer deliver a new car to me 2.5 hours away in a different state.

(Assuming you have a way to get home).
by gwe67
Wed Apr 14, 2021 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle this? -- big utility company problem!
Replies: 67
Views: 4381

Re: How would you handle this? -- big utility company problem!

Based on the information you have provided, it's not apparent that the gas company did anything wrong. If you get any compensation from them, take it and be glad.

As big dog wrote, "Don't forget that this is on the builder, who screwed up the gas-meter hook-ups."
by gwe67
Wed Apr 14, 2021 10:56 am
Forum: Investing - Theory, News & General
Topic: "Residual" investing in cryptocurrency market - is VTSAX still good enough?
Replies: 1
Views: 222

Re: "Residual" investing in cryptocurrency market - is VTSAX still good enough?

VTSAX includes TSLA. TSLA owns crypto. I'm sure there are many other examples that show you are exposed to crypto if you own a stock index fund.

It's probably impossible to say what your crypto exposure is. If you can't quantify it, why do you think it needs to be increased?
by gwe67
Wed Apr 14, 2021 10:20 am
Forum: Personal Consumer Issues
Topic: Oral surgeon said we were legally required to give SS#, then they got hacked
Replies: 50
Views: 5395

Re: Oral surgeon said we were legally required to give SS#, then they got hacked

In situations where the SSN is requested but doesn't seem legitimately needed, I have given out a number that is one number off from the correct one. Gee, I hope all the people one digit removed from you don't adopt a similar policy. If someone gave their real name and my SSN to their dentist it wo...
by gwe67
Tue Apr 13, 2021 8:14 pm
Forum: Personal Consumer Issues
Topic: Oral surgeon said we were legally required to give SS#, then they got hacked
Replies: 50
Views: 5395

Re: Oral surgeon said we were legally required to give SS#, then they got hacked

I'm a rebel without a cause, but I always give a fake SS # in these situations. +1. In situations where the SSN is requested but doesn't seem legitimately needed, I have given out a number that is one number off from the correct one . They have yet to notify me that the number is wrong. I suppose t...
by gwe67
Tue Apr 13, 2021 3:10 pm
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 134
Views: 7301

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

Sounds like you're smart enough to make your own "target" fund and reduce your costs as well. Time to quit researching and move to VTI, VXUS, BND in proportions of your choice. Agreed. That's what I think anyone with a healthy amount of investing acumen should do (which probably covers +7...
by gwe67
Tue Apr 13, 2021 3:07 pm
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 134
Views: 7301

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

I suppose the most alarming thing is how high International equities comprise total equity exposure. I've been comfortable with International comprising 15-25% of total equity exposure - but International comprises approximately 41% of equities in the Target 2025 fund. That's out of my comfort zone...
by gwe67
Tue Apr 13, 2021 2:54 pm
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 134
Views: 7301

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

Sounds like you're smart enough to make your own "target" fund and reduce your costs as well. Time to quit researching and move to VTI, VXUS, BND in proportions of your choice.
by gwe67
Tue Apr 13, 2021 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Proof of Funds when House Hunting
Replies: 28
Views: 2686

Re: Proof of Funds when House Hunting

Through Vanguard, you can create an account valuation report (easily customizable).

"My accounts" -> "Balances and holdings" -> "Balances by date" -> "Create account valuation report".
by gwe67
Tue Apr 13, 2021 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax
Replies: 18
Views: 741

Re: Gift Tax

Thanks for all the responses. If I inherit money from my parents or anyone else that isn't a spouse after they die, I have to pay taxes on that, correct? Let's say one parent has already passed away and the other has terminal cancer and has about a week to live. Couldn't that parent simply give the...
by gwe67
Tue Apr 13, 2021 9:43 am
Forum: Personal Consumer Issues
Topic: Oral surgeon said we were legally required to give SS#, then they got hacked
Replies: 50
Views: 5395

Re: Oral surgeon said we were legally required to give SS#, then they got hacked

I'm a rebel without a cause, but I always give a fake SS # in these situations. +1. In situations where the SSN is requested but doesn't seem legitimately needed, I have given out a number that is one number off from the correct one. They have yet to notify me that the number is wrong. I suppose th...
by gwe67
Sun Apr 11, 2021 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Liability Associated with Son's Car: Homeowner's Insurance and Umbrella
Replies: 23
Views: 1814

Re: Liability Associated with Son's Car: Homeowner's Insurance and Umbrella

cowdogman wrote: Sat Apr 10, 2021 7:17 pm
Lee_WSP wrote: Sat Apr 10, 2021 7:01 pm If you don't agree with me, you're most certainly welcome and should consult an attorney in your state.
I am an attorney in my state. My question is more about insurance coverage and any practical experience of Bogleheads.
Best reply ever.
by gwe67
Sun Apr 11, 2021 11:24 am
Forum: Personal Consumer Issues
Topic: USPS Delivery issues
Replies: 35
Views: 2559

Re: USPS Delivery issues

Doesn't solve the OP's issue, but this reinforces why I chose a brokerage firm with a local office when consolidating my accounts years ago. I can just drive over to their office, about 1 mile away. I used to use a large national bank that had two local branches. And then, they closed both branches...
by gwe67
Sat Apr 10, 2021 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4766

Re: Anyone contemplating OLY (One Less Year)?

I was shooting for 2022 or 2023 but retired in 2020. Long bull market and reaching pension eligibility were key factors, as well as not liking work from home.
by gwe67
Fri Apr 09, 2021 10:40 pm
Forum: Personal Investments
Topic: Protect savings from imminent inflation?
Replies: 29
Views: 2980

Re: Protect savings from imminent inflation?

Opinion is not economic theory.

Economic theory rarely equals reality.

drk said it best.
drk wrote: Fri Apr 09, 2021 10:31 pm Global equities, TIPS, cash, and fixed-rate debt.

Bitcoin? Needs data.

Gold? Despite the folklore, it doesn't work.
by gwe67
Fri Apr 09, 2021 4:59 pm
Forum: Investing - Theory, News & General
Topic: FSMAX Shows 6% Loss Today?
Replies: 39
Views: 2502

Re: FSMAX Shows 6% Loss Today?

Looks like it normally pays out dividends this time of year.
by gwe67
Fri Apr 09, 2021 4:56 pm
Forum: Investing - Theory, News & General
Topic: Real Return Fakers & Quitting Investing For Good
Replies: 51
Views: 5262

Re: Real Return Fakers & Quitting Investing For Good

My quick & dirty formula is percent of portfolio in stocks divided by ten, less the average social security COLA to approximate inflation. In your case 90% / 10 = 9% 9% - 3.16% = 5.84% real. In my case 60% / 10 = 6% 6% - 3.16% = 2.84% real. Yes, I know inflation won't be anywhere near that any t...
by gwe67
Thu Apr 08, 2021 3:23 pm
Forum: Personal Consumer Issues
Topic: Smoker recommendations? Meat, not Marlboro.
Replies: 31
Views: 2757

Re: Smoker recommendations? Meat, not Marlboro.

You can't go wrong with a Cookshack smoker. https://cookshack.com Quality is very high. These are much better products than what you will find in the box stores. It's nice to have a digital temp setting and probe. Ability to hold meat at a low temp once cooked would be good as well. BBQ connoisseurs...
by gwe67
Thu Apr 08, 2021 12:47 pm
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7119

Re: How to lose the desire of outperforming the market?

Eventually there will be an index fund with a negative expense ratio. This will allow you to outperform the market.
by gwe67
Wed Apr 07, 2021 10:26 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 281
Views: 20565

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Sorry, I value my life over money. The difference in safety in a crash between a similar new and 10-15 year old vehicle is massive. Let's not get into a false sense of security about that. Today's car will be a "death trap" compared to a new car another 10-15 years from now. ;) Burrito is...
by gwe67
Tue Apr 06, 2021 10:37 am
Forum: Personal Consumer Issues
Topic: Carpenter ants in a window
Replies: 7
Views: 602

Re: Carpenter ants in a window

Forget the home remedies. Call a professional.
by gwe67
Mon Apr 05, 2021 5:21 pm
Forum: Investing - Theory, News & General
Topic: Incredible stock market gains the past year - probably due for a major pullback
Replies: 89
Views: 10819

Re: Incredible stock market gains the past year - probably due for a major pullback

Let me know when this is going to happen so I can sell off. :o Yahoo finance: "Stocks jump as traders digest jobs report, look ahead to Fed remarks" USA Today: "Stocks move broadly higher following big job gains in March" Fox business: "S&P, Dow surge to record highs aft...
by gwe67
Sun Apr 04, 2021 8:15 pm
Forum: Personal Investments
Topic: Gold and Silver Questions?
Replies: 44
Views: 3258

Re: Gold and Silver Questions?

You should hire a financial advisor. I don't care what it costs.
by gwe67
Sun Apr 04, 2021 7:27 pm
Forum: Personal Consumer Issues
Topic: Nest Cam IQ Outdoor, cords keep dying
Replies: 5
Views: 354

Re: Nest Cam IQ Outdoor, cords keep dying

Any rodent damage?
by gwe67
Sun Apr 04, 2021 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming SS early or late for non-representative sub-populations
Replies: 14
Views: 1181

Re: Claiming SS early or late for non-representative sub-populations

In general that would be true. Also in general, women should claim earlier than men since there's no monetary penalty for being female, yet females live longer on average.
by gwe67
Sat Apr 03, 2021 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator
Replies: 155
Views: 21709

Re: Downloadable Social Security Benefit Estimator

I followed the input requirements, but get no results in the graph or table. I have tried both the Open Office and Excel versions. Any ideas what I'm doing wrong? The current version at this link is written for Google Sheets: https://docs.google.com/spreadsheets/d/1q6WcMbGESQts5uUTmNpDoY8IklMx_kfcy...
by gwe67
Sat Apr 03, 2021 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator
Replies: 155
Views: 21709

Re: Downloadable Social Security Benefit Estimator

I followed the input requirements, but get no results in the graph or table. I have tried both the Open Office and Excel versions. Any ideas what I'm doing wrong?
by gwe67
Fri Apr 02, 2021 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you pay for $1000 in a Roth IRA?
Replies: 39
Views: 4423

Re: How much would you pay for $1000 in a Roth IRA?

You're making my brain hurt. I guess a related question would be: if you could ignore Roth IRA contribution limits, how much would you contribute?
by gwe67
Thu Apr 01, 2021 1:24 pm
Forum: Personal Investments
Topic: Sell Rental Property?
Replies: 12
Views: 550

Re: Sell Rental Property?

hokiefan4527 wrote: Thu Apr 01, 2021 12:59 pm My criteria are:
Household income of 3x rent
Credit Score over 650
No pets
no criminal record/past evictions

Finding someone who meets all of these is like finding a needle in a haystack
You should communicate your criteria in the advertisement so that you don't have to screen 200 applicants.
by gwe67
Thu Apr 01, 2021 12:41 pm
Forum: Personal Investments
Topic: Sell Rental Property?
Replies: 12
Views: 550

Re: Sell Rental Property?

For every 200 people who contact me, I find 1 person who is suitable according to my criteria. I hope your tenant screening criteria is legally defensible. There are huge penalties for denying housing for the wrong reasons. You should read this: https://rentprep.com/tenant-screening/tenant-screenin...
by gwe67
Wed Mar 31, 2021 4:59 pm
Forum: Investing - Theory, News & General
Topic: Useless Investment Books
Replies: 106
Views: 9139

Re: Useless Investment Books

Everyone's Money Book by Sonny Bloch "Two money experts team up to tell listeners how they can proceed confidently into their financial future, explaining how to maximize returns on cash, pick winning stocks, select mutual funds, and more." Sonny Bloch was a lounge singer who dovetailed hi...
by gwe67
Wed Mar 31, 2021 2:18 pm
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6404

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

Wk1014 wrote: Wed Mar 31, 2021 1:00 pm About 1.2 Million started putting in Roth in 2011 at age of 19
Please tell us how you turned a maximum of about $60 thousand of contributions into $1.2 million!!!??!!
by gwe67
Wed Mar 31, 2021 2:06 pm
Forum: Personal Consumer Issues
Topic: Can't remove old shower head
Replies: 38
Views: 1871

Re: Can't remove old shower head

I think it's reasonable to use heat. Francis Give something like this heat gun https://www.harborfreight.com/1500-watt-11-amp-dual-temperature-heat-gun-56434.html a try. I haven't tried a heat gun. Wouldn't a hair dryer of similar wattage do the same thing? OP probably has access to one already.
by gwe67
Wed Mar 31, 2021 10:47 am
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6404

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

By my quick napkin math, someone under 50, contributing the max since 1998 (I believe the first year of Roth IRA's) could theoretically have a cash balance of $105,000 ($12300 if over 50 the whole time, I believe), assuming zero growth/losses. Has anyone here been using their Roth since the start? ...
by gwe67
Tue Mar 30, 2021 5:32 pm
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6404

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

About $232k with max contribution every year (some later contributions were at the over 50 amount). I think this works out to a bit more than 7% return. Have not contributed this year.
by gwe67
Tue Mar 30, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Received Stimulus Check - Not Eligible, Free Lunch?
Replies: 17
Views: 1996

Re: Received Stimulus Check - Not Eligible, Free Lunch?

oldfatguy wrote: Tue Mar 30, 2021 3:25 pm
jason2459 wrote: Tue Mar 30, 2021 3:23 pm I would expect, as of right now and using the past two stimulus over payments as an example, next tax season for 2021 you'll owe it back.
I'm not aware of anyone paying back stimulus payments from 2020.
I paid one back, on behalf of a deceased person. Sent the IRS a cashier's check.
by gwe67
Tue Mar 30, 2021 12:36 pm
Forum: Personal Investments
Topic: Good Pension and asset allocation
Replies: 31
Views: 2883

Re: Good Pension and asset allocation

You've got it made. The only question is how much risk you want to take with your future heirs money?
by gwe67
Tue Mar 30, 2021 10:12 am
Forum: Personal Consumer Issues
Topic: Cost for COVID test for travel
Replies: 19
Views: 1638

Re: Cost for COVID test for travel

Could be free in some states / locales. Free drive-up testing where I live. Results in less than 24 hours if my spouse's experience is any indication. Agree, but it depends how it is coded for the insurance. In our case, for travel does not equal medical necessity apparently. Will look into the hom...
by gwe67
Mon Mar 29, 2021 4:15 pm
Forum: Personal Consumer Issues
Topic: Selling a Rolex
Replies: 24
Views: 2554

Re: Selling a Rolex

Sounds like the consensus is that I should:
  • not have the watch serviced
    not purchase a replacement box
    sell to a local dealer (at least one mentioned is within driving distance)