Search found 1988 matches

by FelixTheCat
Fri Sep 25, 2020 11:05 am
Forum: Personal Consumer Issues
Topic: Medical Alert Recommendations
Replies: 12
Views: 778

Re: Medical Alert Recommendations

Apple Watch Series 6 with GPS + Cellular. Turn on Fall Detection.
by FelixTheCat
Tue Sep 22, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: rental property depreciate ?
Replies: 13
Views: 1599

Re: rental property depreciate ?

You started depreciating the property when you placed it in service (made it available for rent), whether you claimed that depreciation on your tax return or not. It's automatic under current law. So if you sold the property tomorrow, you would have to deal with depreciation recapture tax, despite ...
by FelixTheCat
Mon Sep 21, 2020 1:27 pm
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 61
Views: 8250

Re: Throwing In The Towel on Portfolio Management

I have Total Bond in a tax deferred account and Total Stock in a taxable account. I have automatic investments into my mutual funds. I've never had to do anything with my portfolio since it was established decades ago.

What difficulties are you encountering?
by FelixTheCat
Fri Sep 18, 2020 1:24 pm
Forum: Personal Investments
Topic: Are employer contributions/matches to Solo Roth 401(k) deductible?
Replies: 12
Views: 508

Re: Are employer contributions/matches to Solo Roth 401(k) deductible?

I am a sole proprietor with a Vanguard Solo 401K. My employer contributions go to my individual 401K and they reduce my taxable income. My employee contributions go to my individual Roth 401K. I use Fidelity's Solo 401K calculator to determine how much I can contribute to my individual 401K (employe...
by FelixTheCat
Wed Sep 16, 2020 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 21592

Re: Preparing for retirement in mid 30s

If the market drops 50% ? He's mostly following Warren Buffett's suggestion. Have enough money in short term bonds to ride out the market. 3 years of 45K income is 135K and he's allocated $150K. The rest in S&P 500. I checked Firecalc and its says you have a 100% success rate until 100. I don't...
by FelixTheCat
Wed Sep 16, 2020 2:59 pm
Forum: Personal Consumer Issues
Topic: Grocery store didn't tell me Shingrix was $160
Replies: 197
Views: 13530

Re: Grocery store didn't tell me Shingrix was $160

I am arguing that they should have told me - as I stated above, if they had told us, we would have gone to the VA for free. I've had an HMO for 4+ decades. I've never had anyone tell me the cost of any medical procedure (hospital visit, checkups, shots, etc) before the service. If the VA is free, w...
by FelixTheCat
Fri Sep 11, 2020 1:17 pm
Forum: Personal Investments
Topic: Customer Service & Ease-Of-Use: Vanguard vs. Fidelity
Replies: 64
Views: 6123

Re: Customer Service & Ease-Of-Use: Vanguard vs. Fidelity

I really don't know about Vanguard's customer service. For me, everything works fine the first time.
by FelixTheCat
Fri Sep 04, 2020 2:18 pm
Forum: Personal Investments
Topic: What single individual stock would you buy?
Replies: 164
Views: 16083

Re: What single individual stock would you buy?

Stef wrote: Wed May 20, 2020 4:57 am SpaceX if I could.
Why won't Elon share? I want SpaceX too. :-)
by FelixTheCat
Thu Sep 03, 2020 3:00 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3490

Re: It's fascinating to get your kids involved in investing

I remember Peter Lynch. He once said invest in things you know. For example, you drink Coca Cola then buy their stock. Shop at Home Depot, then buy their stock. This is how I got interested in investing. Every time I went shopping at Home Depot I used to think that I am buying product from the compa...
by FelixTheCat
Thu Sep 03, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 52093

Re: How to get over finance envy

I remember envy. In 2007 my friends had big houses, boats, motorhomes, quad runners and other toys. They were out having fun three weekends a month. I was quietly saving money and wondering how they lived so well. When the crash hit in 2008, I found out years later their truth. They weren't paying t...
by FelixTheCat
Wed Sep 02, 2020 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: ‘Play money’ invested by Dad growing huge - what would you do?
Replies: 109
Views: 15913

Re: ‘Play money’ invested by Dad growing huge - what would you do?

Take some of the profits. Go on a very nice vacation (include Dad) to say Thank You.
by FelixTheCat
Tue Sep 01, 2020 5:11 pm
Forum: Personal Investments
Topic: Need help deciding whether to pay off mortgage
Replies: 23
Views: 2648

Re: Need help deciding whether to pay off mortgage

Paying off my mortgage was a good move for me. It's great having zero debt. It’s good to have zero debt but it’s even better to use other people’s money to get richer. I’m carrying a 400k mortgage and getting 20% YTD in the market on that money that’s in the brokerage. I could pay it off but I’d ra...
by FelixTheCat
Tue Sep 01, 2020 5:07 pm
Forum: Personal Investments
Topic: Husband doesn’t want to follow my investment plan
Replies: 47
Views: 7839

Re: Husband doesn’t want to follow my investment plan

You can have a His and Hers brokerage account. He does his thing and you invest how you want.
by FelixTheCat
Fri Aug 28, 2020 1:01 pm
Forum: Personal Investments
Topic: Need help deciding whether to pay off mortgage
Replies: 23
Views: 2648

Re: Need help deciding whether to pay off mortgage

Paying off my mortgage was a good move for me. It's great having zero debt. It’s good to have zero debt but it’s even better to use other people’s money to get richer. I’m carrying a 400k mortgage and getting 20% YTD in the market on that money that’s in the brokerage. I could pay it off but I’d ra...
by FelixTheCat
Thu Aug 27, 2020 6:43 pm
Forum: Personal Investments
Topic: Advisor Cannot Use Vanguard?
Replies: 50
Views: 3375

Re: Advisor Cannot Use Vanguard?

I assume you want to pay financial advisors because you don't have the time to learn about investing. So I'll recommend Vanguard's Personal Advisor Service https://investor.vanguard.com/financial-advisor/financial-advice/personal-advisor-services for 30 bps. That's around $2,400 a year. If you want ...
by FelixTheCat
Thu Aug 27, 2020 6:34 pm
Forum: Personal Investments
Topic: Need help deciding whether to pay off mortgage
Replies: 23
Views: 2648

Re: Need help deciding whether to pay off mortgage

Paying off my mortgage was a good move for me. It's great having zero debt.
by FelixTheCat
Thu Aug 27, 2020 3:22 pm
Forum: Personal Investments
Topic: Inheritance Advice
Replies: 13
Views: 1216

Re: Inheritance Advice

Are both of you beneficiaries of the inheritance? Or was it just you or your wife? In California, inheritance is sole and separate property.
by FelixTheCat
Thu Aug 27, 2020 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for 2nd mortage on deceased BIL's condo?
Replies: 15
Views: 1267

Re: Liability for 2nd mortage on deceased BIL's condo?

My wife's brother passed away in March w/o leaving a will. He never married, no children, leaving things in the hands of his 3 sisters. No will indicates to me that this will have to go through probate. Are the three sisters the only beneficiaries of the estate? What does your state law indicate? A...
by FelixTheCat
Wed Aug 26, 2020 5:43 pm
Forum: Personal Investments
Topic: Fund Selection Advice Needed
Replies: 7
Views: 487

Re: Fund Selection Advice Needed

You can be a simple as a two fund portfolio. Total Stock Index fund and Total Bond Index fund. Make sure you place the funds in the proper account for tax efficiency. https://www.bogleheads.org/wiki/Tax-efficient_fund_placement The purpose of Bogleheads is to educate you about your money to help you...
by FelixTheCat
Wed Aug 26, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Baskets vs. M1 Pies
Replies: 21
Views: 2276

Re: Fidelity Baskets vs. M1 Pies

+1 on M1. I wish the major brokerage firms had the pie concept and auto rebalancing.
by FelixTheCat
Tue Aug 25, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue Inheritance Asset or Let it Go?
Replies: 14
Views: 2165

Re: Pursue Inheritance Asset or Let it Go?

It should take about two months to get a list of assets, contact the appropriate people (attorney/accountant), and distribute the assets only to the heirs. Your novela doesn't indicate it should take any longer.

The problem I see is trustee #1 is dragging their feet.
by FelixTheCat
Mon Aug 24, 2020 6:27 pm
Forum: Personal Investments
Topic: Vanguard Funds that offer a monthly payment?
Replies: 27
Views: 3428

Re: Vanguard Funds that offer a monthly payment?

I use Vanguard's Total Corporate ETF (VTF) to supplement my income. The bond etf pays 3% monthly.
by FelixTheCat
Mon Aug 24, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 17139

Re: Do you talk to your friends/family/coworkers about this stuff?

No. I made the mistake of telling a friend I paid off my home. He thought it was his job to tell me how to spend my money on things he wanted.
by FelixTheCat
Thu Aug 20, 2020 3:42 pm
Forum: Personal Investments
Topic: 529 Age Based Plans AND the poor outlook for bonds
Replies: 17
Views: 1311

Re: 529 Age Based Plans AND the poor outlook for bonds

What's wrong with bonds? Vanguard Total Bond Market Index made 8.01% as of 7/31/2020.
by FelixTheCat
Thu Aug 20, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: how often do you check your net worth?
Replies: 153
Views: 10020

Re: how often do you check your net worth?

I never check my net worth.

I will have to admit that I am a psychotic YNAB user for my checking/savings account. I'm talking severe stalking on my budgeting. :D
by FelixTheCat
Thu Aug 20, 2020 1:07 pm
Forum: Personal Investments
Topic: Help with AA
Replies: 11
Views: 790

Re: Help with AA

AA is a very personal thing. You usually find out what you can handle when the market crashes.
Desired Asset allocation: 60%stocks 20%bonds
Did you mean 60/40? 60/40 is a decent AA with some risk.

Thimk losing 1/2 of your equities in a severe down market to get an idea of your tolerance.
by FelixTheCat
Thu Aug 20, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Did any inheritance make positive effect on your life?
Replies: 229
Views: 19656

Re: Did any inheritance make positive effect on your life?

I know a few people that received around 250K and each one of them had a lot of short-term fun (new cars, boats, vacations).
by FelixTheCat
Fri Aug 14, 2020 5:41 pm
Forum: Personal Investments
Topic: Best financial gift to give a newborn child
Replies: 47
Views: 4751

Re: Best financial gift to give a newborn child

I opened a brokerage account in my name. I have full control until I decide to distribute the money. My child doesn't know a thing.

I funded the account with an S&P 500 fund.
by FelixTheCat
Fri Aug 14, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Spending
Replies: 79
Views: 8398

Re: Struggling with Spending

I classify my spending into Needs and Wants. I try to keep my spending allocation around 70/30.
by FelixTheCat
Wed Aug 05, 2020 12:57 pm
Forum: Personal Investments
Topic: Is this a sound Roth IRA strategy?
Replies: 10
Views: 808

Re: Is this a sound Roth IRA strategy?

My Roth will be the last account I use in retirement. No RMDs. I have S&P 500 in it.
by FelixTheCat
Wed Aug 05, 2020 12:40 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 262
Views: 33039

Re: Anyone else hoarding cash right now?

I've been shoving money in Total Stock. Market came back nicely.
by FelixTheCat
Wed Jul 29, 2020 6:55 pm
Forum: Non-US Investing
Topic: Best bond for non US investors? (formerly:VBTLX)
Replies: 28
Views: 2508

Re: VBTLX

Are you looking for funds for non-USA investors? https://www.bogleheads.org/wiki/Buildin ... _portfolio
by FelixTheCat
Wed Jul 29, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: How did you determine risk tolerance?
Replies: 106
Views: 6521

Re: How did you determine risk tolerance?

You lost 46% of your money this year. How did you react? Was it a "Buying Opportunity" or "The Sky is Falling" mentality. Risk tolerance simply allows you to sleep at night while you stay the course.

Personally, I can't handle big swings in my portfolio. I am 50/50.
by FelixTheCat
Wed Jul 29, 2020 5:29 pm
Forum: Personal Investments
Topic: Long-term use of a donor-advised fund?
Replies: 23
Views: 975

Re: Long-term use of a donor-advised fund?

I always plan on donating to charity. I currently have about 10 years of grant money in my DAF based on my current auto grant schedule.
by FelixTheCat
Wed Jul 29, 2020 4:52 pm
Forum: Personal Investments
Topic: Help me to select my 401K !!
Replies: 5
Views: 549

Re: Help me to select my 401K !!

Personally, I would go all iShares S&P 500 Index K WFSPX. I might change my mind if you let us know your risk tolerance, how much you need for retirement, etc.
by FelixTheCat
Wed Jul 29, 2020 1:59 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard partners with Infosys for Defined Contribution recordkeeping]
Replies: 265
Views: 17355

Re: Bogle would not be doing this

The article is about "Infosys is replacing Vanguard’s aging mainframe-computer-based record-keeping system with a remote, cloud-based platform." Did you ever think their current workforce doesn't have the technical talent to complete the project at the rates Infosys is charging? Sound like...
by FelixTheCat
Tue Jul 28, 2020 12:59 pm
Forum: Personal Consumer Issues
Topic: Morgan Stanley letter about a data breach in my "former Morgan Stanley account" when I've never had one
Replies: 30
Views: 3854

Re: Morgan Stanley letter about a data breach in my "former Morgan Stanley account" when I've never had one

I went to the Morgan Stanley website, specifically the "Purchase complex," and called the number shown there: "Complex: (914) 225-5510" Spent some quality time in the menu and eventually got "for other questions, press 5." Was treated reasonably. First person I talked ...
by FelixTheCat
Mon Jul 27, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Possibly losing health insurance. Experiences with ACA
Replies: 57
Views: 4167

Re: Possibly losing health insurance. Experiences with ACA

My experience with ACA as shock. I found out ACA was $150 more a month than going to my local hospital group directly. The only thing I can think of is the higher paid people are subsidizing others. Shop around.
by FelixTheCat
Mon Jul 27, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: IRS refund delay
Replies: 65
Views: 4982

Re: IRS refund delay

I spoke to the IRS regarding the delays. I was told they were shut down for 2 months and they are working on the backlog. My state refunded money promptly.
by FelixTheCat
Fri Jul 24, 2020 12:20 pm
Forum: Personal Consumer Issues
Topic: Morgan Stanley letter about a data breach in my "former Morgan Stanley account" when I've never had one
Replies: 30
Views: 3854

Re: Morgan Stanley letter about a data breach in my "former Morgan Stanley account" when I've never had one

My letter referenced my account closed in 2016. I never had an account with Morgan Stanley. Like the OP you probably had an account somewhere that was swallowed up by Morgan Stanley. Don't let the close date fool you. I still have empty 401k accounts several years old. I think they auto close them ...
by FelixTheCat
Thu Jul 23, 2020 5:05 pm
Forum: Personal Investments
Topic: Getting married! Questions...
Replies: 17
Views: 2412

Re: Getting married! Questions...

My wife doesn't have a 401k because she is an independent contractor. As an independent contractor you are both the employer and the employee. Independent contractors can have two 401Ks. For example, I have a Roth 401K for my employee contributions and a traditional 401K for my employer contributio...
by FelixTheCat
Wed Jul 22, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 56
Views: 4702

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

Interview. If offered the job, tell them the promotion and salary increase start on the same day.
by FelixTheCat
Tue Jul 14, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Ever hide money from yourself?
Replies: 46
Views: 3026

Re: Ever hide money from yourself?

HawkeyePierce wrote: Tue Jul 14, 2020 11:16 am I occasionally lose a fiver under the couch. That's about it.
I never hide money. Once in a while I find a fiver under Hawkeye's couch.
by FelixTheCat
Tue Jul 14, 2020 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Death of estranged parent
Replies: 54
Views: 6008

Re: Death of estranged parent

any assets remaining after the payment of creditors, would normally pass to the children and be equally divided among them. You don't have to worry about unsecured debt. For example, if Parent died with credit card debt then you don't have to pay it. I would check with your local state laws to see ...
by FelixTheCat
Fri Jul 10, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Food and health
Replies: 21
Views: 1569

Re: Food and health

My health insurance is absurd. I can only imagine what it's like for those older. I'm paying $320 a month for the highest deductible plan available. There is no cheaper option that I see. I'm in California. The only good thing about it is that it allows me to qualify for HSA. It's Kaiser no less. I...
by FelixTheCat
Mon Jul 06, 2020 12:04 pm
Forum: Personal Investments
Topic: n/an/a
Replies: 15
Views: 1066

Re: Vanguard Solo 401k problem -- can't find answers

If you are no longer considered an employee, just roll over your 401K into an IRA.