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Investing - Theory, News & General • McQ in the Wall Street Journal
Great article. One quote really struck me:He found that a $10,000 investment in 1926 in the index that became the S&P 500 would have grown to just under $198,000, 30 years later, with all...
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Personal Finance (Not Investing) • Late Bloomers Club: Share Your Net Worth!
I have been in this "club" for years so much so that I wrote a book with my late spouse called Late Bloomer Millionaires. We not only started late but made mistakes in our 50s learning this stuff, and...
View ArticlePersonal Finance (Not Investing) • Pay Cash or Asset Backed Mortgage at 7.75%...
The rate is from NASB, having talked to a banker and for 800+ FICO score. Absolute garbage and the banker knew it too. I will talk to a couple of more brokers and see what they say. I am not expecting...
View ArticlePersonal Finance (Not Investing) • Advice on Charitable Trust (CRUT or Flip...
Hi, Would like to get your guidance -1) I am in a very high tax bracket in VHCOL (age 45+)2) Also have been involved in volunteering at charitable organization and long term can see me getting...
View ArticleInvesting - Theory, News & General • Best way to convert multiple stocks...
I've seen a few threads on how to convert a portfolio of individual stocks to a simple Bogle-style portfolio (e.g, this one), but I haven't seen an answer to this specific question. Suppose one has...
View ArticleInvesting - Theory, News & General • Record keeping for HSA when...
^ I'm not sure why someone would put a limit of $5,000-$8,000 on distributions from an HSA in any given year. For 2024, the maximum out of pocket expense for an individual plan is $9,450 and for a...
View ArticlePersonal Investments • Annuitize or not?
I assume you are talking about a SPIA. The payout is based on life tables. The expected life span for a 95 year old will result in a high payout. Adding a 10 or 15 year period certain lowers the...
View ArticlePersonal Consumer Issues • IKEA Kitchen Cabinets
I would just be concerned when selling my house and a prospective purchaser asked who did the kitchen. Like it or not, "Ikea" is not a desirable answer.I used IKEA cabinets when I redid the kitchen in...
View ArticlePersonal Finance (Not Investing) • Genworth Long Term Care
As a point of interest to some, no insurance companies in NY State are offering a LTC partnership program effective 2021. Existing LTC partnership policies in NY State are being honored. There are two...
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Personal Finance (Not Investing) • What's normal for grocery costs for a family?
My grocery spending is higher than what I would like and it seems to have risen suddenly (although that may just be my perception). I used to not really be too concerned with grocery spending but now...
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Personal Finance (Not Investing) • Is HCOLA better than LCOL??
I mean, if cost of living is a lot higher it might be harder to save too. If you're paying exorbitant rent costs saving up for a down payment and transitioning to home ownership might be difficult....
View ArticlePersonal Investments • QCDs before age 73?
Are you on Medicare? are you paying, or at risk of paying IRMAA? QCDs reduce your MAGI whereas deductions do not.Not until you are drawing RMDs; QCDs have no impact on MAGI before then.When...
View ArticlePersonal Investments • Fidelity advice
They wrote: "The best way to get more information on the strategies that we introduced today would be to talk through your questions with the firms that offer them. I would need to send you an...
View ArticlePersonal Finance (Not Investing) • How to Estimate Return Rates for...
These are forecasts and guesses. Trying to get down to a fund level is a level of accuracy that just doesn’t exist. When I plan in broad strokes I plan with an estimated real (after inflation return)....
View ArticleInvesting - Theory, News & General • [Should I buy this Samuelson...
Not so much the price at $6 inasmuch as the time spent reading it. Time better spent reading something newer?I'd suggest you gain the classic foundational information first, before subjecting yourself...
View ArticlePersonal Finance (Not Investing) • Is Calif Really That Expensive - Or Am I...
NV has access to mountains. Lake Tahoe straddles the border, and the Sierra Nevadas are closer to say Reno than coastal CA cities. There also is the Great Basin Nat'l Park that includes the Wheeler...
View ArticlePersonal Finance (Not Investing) • Tax software which can calculate income...
I don't hold as many funds as the OP, but I don't find this too difficult...Simple spreadsheet with:Ticker/Fund nameamount of dividends/interest (from 1099)% exempt from state taxes (from supplemental...
View ArticleInvesting - Theory, News & General • William Bernstein On the Financial...
That's exactly right. I think what some on this thread find confusing is that there's no inconsistency between that statement and the fact that 95% of advisors and 99% of brokers are harmful to your...
View ArticlePersonal Investments • 401K vs Roth IRA
Your math is correct assuming the same marginal tax rate at time of contribution and time of distribution. This is due to the commutative principle of multiplication - the order doesn’t matter.Here is...
View ArticlePersonal Finance (Not Investing) • How Much Cash Do You Keep In Your Home?
$0 cash in the house, and $0 cash in my wallet. I only use credit cards now.Statistics: Posted by FeralCat — Sun Mar 10, 2024 6:07 pm — Replies 28 — Views 1094
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