Search found 480 matches

by 2Birds1Stone
Mon Jan 04, 2021 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: What did you spend in 2020?
Replies: 204
Views: 12917

Re: What did you spend in 2020?

$16,550 for two people, living mostly abroad in LCOL EU countries.
by 2Birds1Stone
Wed Dec 30, 2020 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Last Minute Help - Savers Credit + LTCG Questions/Case Study
Replies: 8
Views: 526

Re: Last Minute Help - Savers Credit + LTCG Questions/Case Study

Withholding is irrelevant in your case. You could get a quick chart of what taking anywhere from $0 to $43K would do for federal and (perhaps) state taxes by using the 2020 version of the personal finance toolbox if you have even a little Excel ability. If not that, see US and state income tax calc...
by 2Birds1Stone
Wed Dec 30, 2020 6:45 pm
Forum: Personal Investments
Topic: 2020 over Roth limit, contributed Jan 1, what now?
Replies: 12
Views: 952

Re: 2020 over Roth limit, contributed Jan 1, what now?

I made this mistake before, but then made an even worse mistake with the recharachterization/conversion. Be careful that you don't already have a T/Rollover IRA, or you could hit pro-rata rules that leave you with a surprise tax bill.
by 2Birds1Stone
Wed Dec 30, 2020 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Last Minute Help - Savers Credit + LTCG Questions/Case Study
Replies: 8
Views: 526

Last Minute Help - Savers Credit + LTCG Questions/Case Study

Scenario DW and I were decently high income earners (~$170k/yr past 5 years) but took a sabbatical in 2020. Our combined gross income from all sources for 2020 will only be ~$38k. We live in NY if that matters, and filing MFJ. I have $43k in unrealized, long term capital gains in my brokerage accou...
by 2Birds1Stone
Tue May 12, 2020 4:17 am
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 50
Views: 9635

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

Well, I guess I owe anyone who was following this thread an update! We flew out of NYC on March 11th and landed in Porto. No issues with our one way tickets. Shortly after arriving in Portugal the country entered a state of emergency. We headed down to Lisbon after 5 days, and we've been here ever s...
by 2Birds1Stone
Tue May 12, 2020 2:29 am
Forum: Investing - Theory, News & General
Topic: Ally lowers APR on savings from 1.5% to 1.25%
Replies: 79
Views: 9955

Re: Ally lowers APR on savings from 1.5% to 1.25%

Ally already lowered the APY on the penalty free CD to 1.30%, still good if rates keep dropping.....
by 2Birds1Stone
Mon Mar 23, 2020 10:10 pm
Forum: Personal Investments
Topic: Selling 100% stocks on a bounce
Replies: 256
Views: 22960

Re: Selling 100% stocks on a bounce

It looks like you missed the bounce this morning, OP. Buckle up and enjoy the ride with the rest of us.
by 2Birds1Stone
Wed Feb 12, 2020 1:25 pm
Forum: Personal Investments
Topic: Case Study/Help - Roth Conversion/Realized LT Capital Gains Impact on Taxes
Replies: 7
Views: 519

Re: Case Study/Help - Roth Conversion/Realized LT Capital Gains Impact on Taxes

Unless you decide the Roth conversion at 12% beats Tax Gain Harvesting in the long run, which it often does. I guess it does depend. Our situation is a little unique, as we are very young, and plan on retiring early. There is an advantage to letting the traditional IRA grow before the conversions t...
by 2Birds1Stone
Tue Feb 11, 2020 12:32 pm
Forum: Personal Investments
Topic: Case Study/Help - Roth Conversion/Realized LT Capital Gains Impact on Taxes
Replies: 7
Views: 519

Re: Case Study/Help - Roth Conversion/Realized LT Capital Gains Impact on Taxes

Thank you for the help everyone! That Kitces article is pure GOLD! One thing that I do have to think about, is how much to keep in traditional IRA's for the future ability of "creating" income in order to avoid getting put into Medicaid over ACA plans, etc. Will wait till end of the year t...
by 2Birds1Stone
Tue Feb 11, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Worried About AI Taking Your Job?
Replies: 54
Views: 3807

Re: Worried About AI Taking Your Job?

My career has been in IT/Business Process Automation software sales over the last 5 years. AerialWombat and HomerJ are BOTH correct in this instance, which is why I wouldn't worry too much, unless you're truly doing swivel-chair work. Areas of accounting that really need to worry are AP/AR and Treas...
by 2Birds1Stone
Tue Feb 11, 2020 9:31 am
Forum: Personal Investments
Topic: Case Study/Help - Roth Conversion/Realized LT Capital Gains Impact on Taxes
Replies: 7
Views: 519

Case Study/Help - Roth Conversion/Realized LT Capital Gains Impact on Taxes

After doing a ton of research, I'm still confused on the details of my situation for 2020. Hoping those smarter than myself can chime in with some input. Current Situation for 2020 Age - early 30's Tax Filing Status - MFJ Location - NY, USA Estimated Wage Income - $7,500 Total Traditional IRA Value ...
by 2Birds1Stone
Mon Nov 04, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 857
Views: 113923

Re: Best CD rates thread

Hey, so I dumped about 2 years of expenses in the 3 year CD. I have 6 months expenses that freed up from another CD maturing today......torn between the 2 and 5 year option at 3%.

Any downside to the 5 year over the 2 year?

Don't foresee myself needing these funds any time soon......
by 2Birds1Stone
Fri Oct 18, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 50
Views: 9635

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

Thank you for all of the wonderful advice, including some PM's with tips and tricks. We have been avid "travel hackers" playing the CC points game for a number of years. Not hardcore like some folks, but enough to rack up a couple hundred thousand airline miles across Southwest/AA/British ...
by 2Birds1Stone
Fri Oct 18, 2019 12:55 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 10658

Re: Retiring and Getting Over The Fear of Quitting?

I'm way younger and likely a lot poorer than you, and I just did exactly that. 10 years into my career I decided to take a year off to travel before figuring out what the next chapter of my professional life will look like. I would imagine that with a high net worth, you don't really need to replace...
by 2Birds1Stone
Fri Oct 18, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 857
Views: 113923

Re: Best CD rates thread

Do what I suggested above. You could in theory have your first auto transfer done as late as Dec 17th, so that would work for you. I'd suggest calling in to add the auto transfer feature in early November and have it begin in early December. Allow sufficient time for your $10K to become available a...
by 2Birds1Stone
Fri Oct 18, 2019 4:36 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 857
Views: 113923

Re: Best CD rates thread

I successfully got my $25k into the CD this morning, instantly. I have $10k in funds becoming available in late November. Trying to figure out how to get that in with the automated fund addition option. Can you set it up as a once a month thing? I could probably free up $5k as a bridge before those ...
by 2Birds1Stone
Tue Oct 15, 2019 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 857
Views: 113923

Re: Best CD rates thread

Capitalone CDs can be set not to auto renew.
by 2Birds1Stone
Mon Oct 14, 2019 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 857
Views: 113923

Re: Best CD rates thread

Thank you for sharing this. I just created my PSECU account and hope to dump $25k from Ally in there before the deadline this weekend.

Hope the account gets verified/approved quickly.
by 2Birds1Stone
Mon Sep 23, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 28812

Re: IT compensation comparison

What about software sales? I didn't really see it mentioned but the salary packages in this field are insane. I just recently took the leap from IT architect at MegaCorp to software sales and doubled my salary/package. I'm more on the technical side, some of the full on sales teams/account director...
by 2Birds1Stone
Sat Sep 21, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 50
Views: 9635

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

Hi Everyone, OP here! Nearly two years later, and updating anyone who is still here on the forums after this time has passed. Since my post upthread, we've both switched jobs, cut our expenses fairly significantly (~20%), and are currently sitting around 18 years of our actual trailing twelve month ...
by 2Birds1Stone
Fri Sep 20, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 28812

Re: IT compensation comparison

Don't want to derail this thread, but one of the first post referenced teacher salaries in CA.

Check out NY, LOL

https://projects.newsday.com/databases/ ... 2017-2018/
by 2Birds1Stone
Fri Sep 20, 2019 7:58 pm
Forum: Personal Investments
Topic: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With
Replies: 44
Views: 4594

Re: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With

Just my opinion, but the wide range you've set forth for each asset class/fund are so broad they are almost useless.
by 2Birds1Stone
Wed Jul 31, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: What's your Uber passenger rating?
Replies: 118
Views: 7904

Re: What's your Uber passenger rating?

I use Uber a LOT for work the past two years. 5.0
by 2Birds1Stone
Mon Jun 10, 2019 9:59 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15154
Views: 1168009

Re: U.S. stocks continue to soar!

We live in strange times, indeed......
by 2Birds1Stone
Mon May 06, 2019 3:40 pm
Forum: Personal Investments
Topic: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?
Replies: 83
Views: 7279

Re: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?

Hmm, maybe you can retire much sooner than you think?

Time to financial independence is relatively easy to calculate in today's dollars by figuring out your net savings rate.

Also, as someone who is semi-retiring at 32 in a few months.......28 was a great time to lay down the groundwork.
by 2Birds1Stone
Wed Jan 30, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 37630

Re: Millionaire by 40 and How you Did it?

We are more than half way there, and projected to crack that magic 7 figure mark around age 35/31.......this is through frugal living and regular investing. Income is decent, but not super high. Under $100k combined averaged over 10 years.
by 2Birds1Stone
Sat Jan 12, 2019 8:24 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23065
Views: 3023391

Re: U.S. stocks in free fall

dacalo wrote: Fri Jan 11, 2019 2:59 pm
Gufomel wrote: Fri Jan 11, 2019 1:04 pm Sure is quiet in here.
2000 dow drop incoming next week.
<20,000 Dow next week :sharebeer

All kidding aside, it's good to reevaluate ones appetite for risk now, not after the next leg down (whenever that ends up being).
by 2Birds1Stone
Sat Dec 22, 2018 1:41 am
Forum: Investing - Theory, News & General
Topic: Percentage of Net Worth in Equities
Replies: 23
Views: 2253

Re: Percentage of Net Worth in Equities

50% Stocks, rest is in bonds, CD's, and PM.
by 2Birds1Stone
Fri Dec 21, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23065
Views: 3023391

Re: U.S. stocks in free fall

At this rate y'all will have to suck it up and jump on the MMM bandwagon ;)
by 2Birds1Stone
Mon Dec 17, 2018 9:14 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23065
Views: 3023391

Re: U.S. stocks in free fall

J G Bankerton wrote: Mon Dec 17, 2018 1:20 am Free_fall over for now.
U.S. Stock Futures
S&P +9.50 / +0.37%
:beer
Ehhh...not quite
by 2Birds1Stone
Sat Dec 15, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1140
Views: 144648

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Just submitted my TOA and Statements via secure message this morning.

Transferring from UMB Bank, will let you folks know how long it takes. The market has been on sale since I liquidated my stock/bond positions within the account.
by 2Birds1Stone
Wed Nov 28, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Financial goals for 2019 (specific)
Replies: 86
Views: 9024

Re: Financial goals for 2019 (specific)

To beat the market returns by at least 2X
by 2Birds1Stone
Wed Nov 28, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15154
Views: 1168009

Re: U.S. stocks continue to soar!

The top is in!
by 2Birds1Stone
Sat Nov 24, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23065
Views: 3023391

Re: U.S. stocks in freefall

There is going to be a cyber-Monday sale on stocks.
by 2Birds1Stone
Sat Nov 10, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 360
Views: 58337

Re: Whats your number to walk away?

$525k for myself, $1M as a couple.

80%+ to the first goal, 50% to the second =)

Age - 31, HCOL area now, but relocating to LCOL area upon early retirement.
by 2Birds1Stone
Fri Oct 26, 2018 7:07 pm
Forum: Investing - Theory, News & General
Topic: Teach children to save 10% from day one...?
Replies: 31
Views: 2527

Re: Teach children to save 10% from day one...?

Maybe you could teach them to tithe instead? Or just burn 10% of their cash on h&b?
by 2Birds1Stone
Fri Sep 28, 2018 7:11 am
Forum: Personal Consumer Issues
Topic: Anyone ever tired of managing hair and consider shaving to go bald
Replies: 107
Views: 9098

Re: Anyone ever tired of managing hair and consider shaving to go bald

I have been considering it now and then, but the fear or social stigma especially in the work place is keeping me away from doing it. Not to speak of unspeakable horrors at home from my spouse and kids. But, I want to feel free sometimes of the hair, and at least for once try it. Has anyone else tr...
by 2Birds1Stone
Fri Sep 07, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 371
Views: 57598

Re: Low-earners- What is your profession?

This thread is hilarious. Couples earning $150-200k are "low earners" now?

I guess we qualify too ;)

Her - $30k/yr - Grocery Store Employee
Him - $130k/yr - Software Sales
by 2Birds1Stone
Sat Jul 14, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 no beneficiary option
Replies: 41
Views: 9933

Re: Capital One 360 no beneficiary option

I called them today and you can now submit a form via fax/mail to add beneficiaries to all savings/checking/CD accounts. You can add 4 accounts per form, and have it notarized before submitting to them. Takes 3 business days to turn around once they receive it. Guess they have been listening to thei...
by 2Birds1Stone
Tue Jun 05, 2018 1:41 pm
Forum: Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 14164

Re: What are you doing with cash?

As of late 2016 you can only use the default settlement account. New SEC rules I believe.
by 2Birds1Stone
Tue Jun 05, 2018 10:21 am
Forum: Personal Investments
Topic: Help Deploying Extra Cash To Bonds....
Replies: 14
Views: 1570

Re: Help Deploying Extra Cash To Bonds....

lack_ey, thank you for your thought out responses. It has been a very helpful mental exercise. What I'm realizing is, it comes down to a lot of what if's in the future for most investment vehicles and it may be prudent to spread risk (be that tax, interest rate, equity, geopolitical, inflation, etc)...
by 2Birds1Stone
Tue Jun 05, 2018 7:54 am
Forum: Personal Investments
Topic: Help Deploying Extra Cash To Bonds....
Replies: 14
Views: 1570

Re: Help Deploying Extra Cash To Bonds....

A friend also suggested looking at I Bonds, current yield 2.52% with fed tax deferred interest, and no risk to principal, easy liquidity after 1 year.
by 2Birds1Stone
Tue Jun 05, 2018 6:34 am
Forum: Personal Investments
Topic: Help Deploying Extra Cash To Bonds....
Replies: 14
Views: 1570

Re: Help Deploying Extra Cash To Bonds....

Hmmmm, would you consider T. Rowe Price Stable Value Common Trust Fund A?

It has an expense ratio of 30 basis points vs. 4 basis points for Vanguard Total Bond Fund in my 401k.

Looks like NAV stays at $1.00 with a 1.92% SEC yeild.
by 2Birds1Stone
Mon Jun 04, 2018 4:02 pm
Forum: Personal Investments
Topic: Help Deploying Extra Cash To Bonds....
Replies: 14
Views: 1570

Re: Help Deploying Extra Cash To Bonds....

So I wouldn't necessarily say allocating from CDs to bonds is any real priority. Hmm, that's a lot to think about. I catch a lot of flack for being heavy on the cash, I figured tax free bond yield of 3% would be better than 2.1-2.8% CD interest being taxed at 24%. I'm not sure how much the NAV of a...
by 2Birds1Stone
Mon Jun 04, 2018 3:59 pm
Forum: Personal Investments
Topic: Help Deploying Extra Cash To Bonds....
Replies: 14
Views: 1570

Re: Help Deploying Extra Cash To Bonds....

Did I miss your current tax rate? That's important, as is your tax rate in retirement which sounds like it will probably be zero. You will likely unwind anything you do now when you retire in order to do something else. I would wait to make a decision until the morning of the FOMC press conference ...
by 2Birds1Stone
Mon Jun 04, 2018 3:51 pm
Forum: Personal Investments
Topic: Help Deploying Extra Cash To Bonds....
Replies: 14
Views: 1570

Re: Help Deploying Extra Cash To Bonds....

If you re-balanced some of your stock funds in tax deferred, how would that affect your stock portion of your AA? Would you just direct new $$ towards stocks? I think it is a good thing to have muni bonds in a taxable account. Nothing like tax free income. :dollar If I rebalanced stocks into bonds ...
by 2Birds1Stone
Mon Jun 04, 2018 2:48 pm
Forum: Personal Investments
Topic: Help Deploying Extra Cash To Bonds....
Replies: 14
Views: 1570

Re: Help Deploying Extra Cash To Bonds....

@RCL, thanks. I should have been a bit clearer. I understand that there is no point holding a muni (or other tax exempt) bond fund in tax deferred space. My question is, would it be better to hold NY Muni bond fund in taxable, or to rebalance some of my stock funds in Roth/401k in order to get my bo...
by 2Birds1Stone
Mon Jun 04, 2018 2:32 pm
Forum: Personal Investments
Topic: Help Deploying Extra Cash To Bonds....
Replies: 14
Views: 1570

Help Deploying Extra Cash To Bonds....

Hello BH, I always value the advice on this site. I am currently 31 years old and looking to semi/early retire within the next few years (using geographical arbitrage). I currently feel as though I have too much cash (sitting in CD's earning 2.1-2.4% interest). I would like to increase my stock/bond...
by 2Birds1Stone
Tue May 08, 2018 11:28 am
Forum: Personal Investments
Topic: Newby to this forum: do i have enough?
Replies: 44
Views: 9937

Re: Newby to this forum: do i have enough?

our lifestyle requires approx 300-350K per year to live- several vacations per year with usually one international travel per year (hoping we can go business class from now on for international flights). otherwise we are quite frugal-old cars, just love coupons and costco!! Thanks. hard for me to i...
by 2Birds1Stone
Tue May 01, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 249
Views: 41917

Re: Those with high savings rate: why?

I''ll be able to retire @ 35 years old, after a 13 year career.