Investing - Theory, News & General • What motivated you to save money?
Different motivations at different stages in my career and life. At all stages, I saved for contingencies.1. I always put some of my earnings aside for buying things: house, car, education for my...
View ArticlePersonal Consumer Issues • Used Car Buying Process in 2024
Private party transactions are absolutely the way to go.Currently driving an older Kia minivan (private party purchase in early 2021, at the COVID peak of the used car market, but I needed a vehicle)...
View ArticlePersonal Finance (Not Investing) • Roth Conversion 5 Year Rule
In other words, your Roth IRA is qualified and entirely tax free. You can withdraw whatever amount you wish and do not have to report it on Form 8606 because your first Roth contribution was well over...
View ArticlePersonal Investments • To keep an Inherited IRA or not (under old Stretch rules)
I prefer paying taxes later rather than sooner, so I don't give money to the government any earlier than needed.Statistics: Posted by sport — Sat Oct 05, 2024 10:14 pm — Replies 4 — Views 481
View ArticlePersonal Finance (Not Investing) • How to protect your net worth from lawsuits?
As a trial lawyer in litigation, my best tips would be:1. Assets go into trust or to the non-involved spouse (or parents)2. Have insurance3. Next best way to avoid being sued in relation to a...
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Investing - Theory, News & General • Ordinary Yet Wealthy: Becoming a...
I came across an article mentioning Bogleheads, describing them as "the most ordinary yet the wealthiest group in the world." I completely agree with this statement, and I feel fortunate to have...
View ArticlePersonal Finance (Not Investing) • [Split from "Fidelity as a one stop...
Not sure why extending the hold for app-based deposits to 3 days or 7 days or 10 days does not solve the problem. Surely it doesn’t take that long to see if a checking account has the funds to cover...
View ArticleInvesting - Theory, News & General • For stocks, you can set it and...
OP,I do not have this problem. Aka, I do not count on my bond to beat the inflation.A) I have total bond index fund in my 3 funds portfolio.B) I have 10% intermediate term treasury with 10%...
View ArticlePersonal Finance (Not Investing) • Responding to credit card "update...
I update it with my annual base+bonus. I do so to avoid getting the credit line for some of my low use CCs lowered. In economic downturns some CC companies did reduce credit line for some customers...
View ArticlePersonal Investments • Why buy companies which pay no dividend if dividends...
Hi all. I would have posted in my previous post since this one is sort of related to it but the question is different and I would like to maximise engagement since these are fundamental questions for...
View ArticlePersonal Finance (Not Investing) • Roth Conversion Headache
I care about cost basis because for the next 20 to 24 years (until we start collecting Social Security if it exists), our brokerage account is covering our expenses. However, I'm beginning to...
View ArticlePersonal Finance (Not Investing) • How Much House Can a Couple Afford Based...
I bought my first house when my net worth was about the same as my down payment. It worked out pretty well.Statistics: Posted by the_wiki — Sat Oct 05, 2024 10:28 pm — Replies 16 — Views 913
View ArticlePersonal Investments • HYSA emergency funds vs 401k company match
It’s because you are losing free money if you don’t try for the match. Match is usually the first 5-6%. I am pretty sure you can spare that much.Statistics: Posted by gavinsiu — Sun Oct 06, 2024 10:05...
View ArticlePersonal Finance (Not Investing) • Refinance house ?
Thanks. I appreciate that. I guess I was thinking with the philosophy that the equity market always goes up long term. I am not sure primary home real estate goes up that much or at least not at the...
View ArticlePersonal Finance (Not Investing) • Investment math on when parent could...
If the mother died tomorrow, the children would inherit her estate.In those circumstances, should the children not use the inherited money for a house downpayment because they need to live within...
View ArticleInvesting - Theory, News & General • Shiller PE now near 37 - 3rd highest...
Aren't these two statements contradictory?No, because on short horizons PE is not very useful, but it’s one of the better indicators for setting long term expectationsBut if you change your asset...
View ArticlePersonal Investments • Help with RMD Advice for my Dad Please
I always seem to have some reason for spending my RMD, mostly on taxes for the RMD withdrawal (33.3%), QCDs (10-20%), and the tax on Roth conversions. If not, I would invest it in a tax-favored bond...
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Personal Investments • Bill Bernstein and Corp Bonds: Is there an ideal amount?
I am a big fan of bonds. I am talking about the concept itself, notwithstanding the disaster we had in 2022 I am wondering if buying individual bonds would actually be a nice hobby in...
View ArticlePersonal Investments • Sell fund with high capital distributions in taxable...
thank you for the info - very helpful! I didn't even know about the 3.8% NIIT tax. I will now do this over multiple years, to keep under the 250K income limit and keep all gains at 15%.It isn't worth...
View ArticlePersonal Consumer Issues • How do you utilize AI (artificial intelligence)?
I’ve seen increased use of AI by for translation into a language that the end-user does not speak natively. I mean emails, essays, etc.Statistics: Posted by Rd123123 — Sun Oct 06, 2024 10:20 pm —...
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