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Re: A 'really good book' you did NOT enjoy

Definitely add me to the Moby Dick camp. If I wanted a history lesson on whaling, I would've.....well, I can't imagine anybody wanting such a lesson so I have no idea what I'd do.

In terms of modern books, Shantaram has 4.5 stars on Amazon on 1,469 reviews. I could not get past 100 pages or so.
by Bfwolf
Sun Sep 07, 2014 12:10 am
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 203
Views: 9331

Re: Where to invest after 401k & IRA are Maxed

Is the mega back door Roth an option for you or your husband's 401k?
by Bfwolf
Sat Sep 06, 2014 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to invest after 401k & IRA are Maxed
Replies: 8
Views: 736

Re: Questions about rebalancing portfolio--retirement in 6 y

Thanks for clarifying that for me. I would agree that converting the non deductible IRAs to a Roth lacks urgency given that new information, and in fact is likely to be better done after she retires as she'll probably be in a lower bracket. It would also probably be easier after she retires to estab...
by Bfwolf
Fri Sep 05, 2014 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Questions about rebalancing portfolio--retirement in 6 yrs
Replies: 33
Views: 1479

Re: Questions about rebalancing portfolio--retirement in 6 y

I was re-reading TFB's back-door-Roth how to, and it seems to me he is saying that you can even move the earnings from your non-deductible IRA to a 401k, and thus eliminate your potential tax bill altogether. In other words, if you have $520K in money in pre-tax IRAs, $50K in non-deductible IRA cont...
by Bfwolf
Thu Sep 04, 2014 8:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about rebalancing portfolio--retirement in 6 yrs
Replies: 33
Views: 1479

Re: This Forum is Amazing! Newbie ready to jump in the deep

I won't be able to do the Roth IRA's this year. But any year in which I am eligible I will be sure to do so for the wife and myself. I did not realize contributions were eligible for withdrawal penalty free. Makes sense being after tax investments in the Roth. Are you familiar with a back door Roth...
by Bfwolf
Thu Sep 04, 2014 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: This Forum is Amazing! Newbie ready to jump in the deep end!
Replies: 17
Views: 1822

Re: Questions about rebalancing portfolio--retirement in 6 y

Yes, I think that's right, assuming you can get the answers to the questions relatively quickly. You've been lucky so far with a 78% stock portfolio. Don't push your luck with another 6 months of that allocation--you never know when the next 50% stock market drop is going to hit.
by Bfwolf
Thu Sep 04, 2014 5:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about rebalancing portfolio--retirement in 6 yrs
Replies: 33
Views: 1479

Re: Questions about rebalancing portfolio--retirement in 6 y

To make sure I am understanding your IRA questions/suggestions: I have a high 5 figure amount in IRAs that represent after tax (non-deductible) contributions. The bulk of the money in the IRAs represents 401k rollovers, and some deductible IRAs I was able to create before working at companies that ...
by Bfwolf
Thu Sep 04, 2014 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about rebalancing portfolio--retirement in 6 yrs
Replies: 33
Views: 1479

Re: Questions about rebalancing portfolio--retirement in 6 y

Another option would be to wait until you're about to retire and then roll the pre-tax IRAs into your 401k. Execute the Roth conversion on the after-tax IRAs. Then roll the 401k into a pre-tax IRA. This assumes that your employer's 401k allows incoming IRA rollovers (not all do). You'd give up seve...
by Bfwolf
Thu Sep 04, 2014 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about rebalancing portfolio--retirement in 6 yrs
Replies: 33
Views: 1479

Re: Questions about rebalancing portfolio--retirement in 6 y

As far as I know, there is no self employment income minimum for establishing a Solo 401k. Even with your money in bonds, high 5 figures is going to churn out significant earnings every year. Those earnings are all going to be taxable if you keep them in a traditional IRA. It's probably going to cos...
by Bfwolf
Thu Sep 04, 2014 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about rebalancing portfolio--retirement in 6 yrs
Replies: 33
Views: 1479

Re: Questions about rebalancing portfolio--retirement in 6 y

If your after-tax contributions are only 12% of your total IRA, then you're right, it probably won't make sense. Smaller conversions won't help you--each conversion has to be pro rata. A solution would be to roll your pre-tax IRA $s into a 401k. Then you could convert the after-tax IRAs to Roth IRAs...
by Bfwolf
Thu Sep 04, 2014 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about rebalancing portfolio--retirement in 6 yrs
Replies: 33
Views: 1479

Re: Questions about rebalancing portfolio--retirement in 6 y

Thanks for correcting. Recalculating the asset allocation I provided would result in this split: IRA Vanguard Total Bond Market Index Fund 50% Vanguard Total Stock Market Index Fund 10% 401k John Hancock 500 Index Fund 14% John Hancock Mid-Cap Index Fund 2% John Hancock Small-Cap Index Fund 1% Taxab...
by Bfwolf
Thu Sep 04, 2014 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about rebalancing portfolio--retirement in 6 yrs
Replies: 33
Views: 1479

Re: Questions about rebalancing portfolio--retirement in 6 y

Welcome to the forum! You've come to the right place for advice. It's great that you recognize your portfolio is too risky. You've also been very fortunate to have enjoyed a fantastic return on your stock investments while you maintained this risky portfolio. Congratulations! If you want to consolid...
by Bfwolf
Thu Sep 04, 2014 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about rebalancing portfolio--retirement in 6 yrs
Replies: 33
Views: 1479

Re: Hi! And Thanks!

Great to see posts like this. I'm sure there are many others like you who have not posted but have gotten valuable advice from this forum.
by Bfwolf
Tue Aug 26, 2014 1:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Hi! And Thanks!
Replies: 3
Views: 714

Re: 87 Year Old Grandmother Has $600,000 In the Bank

I agree with the general advice that meddling may not be seen advantageously and that keeping the money liquid (which it is) makes sense anyway. I do like the suggestion of at least moving a big chunk (say $500K) to a couple of savings accounts where she can earn higher interest. I hardly think that...
by Bfwolf
Sun Aug 24, 2014 11:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: 87 Year Old Grandmother Has $600,000 In the Bank
Replies: 42
Views: 5518

Re: Contribute to 457?

Going back to your first message, I am seeing you that you provided a marginal tax rate of 33% and you have an implied company match of 6.9% ($15.5K divided by $225K). I also see that you're 48 so 30 years is probably not appropriate, so I changed to 20 years. If I put those #s in (keeping the retir...
by Bfwolf
Tue Aug 05, 2014 12:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 3363

Re: Contribute to 457?

Bubba, That's interesting. I created an Excel spreadsheet to model this impact. These are the inputs I used: Proposed 457 contribution: $17,500 Marginal income tax rate today: 30% Marginal income tax rate in retirement: 30% 403b match rate as a % of salary: 3% Dividend yield: 2% Dividend tax rate: 1...
by Bfwolf
Tue Aug 05, 2014 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 3363

Re: Too many goals - where do I start?

I love the idea of thinking about adding 50% to the cost of things you're buying if you don't take full advantage of the company match. i.e. date night isn't really $120, it's $180. If your husband is making $53K/year (just a guess at half your gross income), then his company match is worth around $...
by Bfwolf
Mon Aug 04, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too many goals - where do I start?
Replies: 53
Views: 3942

Re: Barclay Arrival credit card

I know that Barclays Arrival and Fidelity Amex is all the rage around here (and may be, Chase Sapphire too), but one card that gets no respect is Bank of America Travel Rewards (Visa Signature). Ok. It has only 1.5 points on all purchases (no limits), but wait till you hear the whole story. It has ...
by Bfwolf
Mon Aug 04, 2014 1:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Barclay Arrival credit card
Replies: 19
Views: 1312

Re: Business School Loans

I went to get my MBA when I was 24, with less than 3 years of work experience. I was the 2nd youngest person in my class. It was the best decision I ever made. I was making $32K/year with little opportunity for advancement before business school, and $78K/year with lots of opportunity for advancemen...
by Bfwolf
Sun Aug 03, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Business School Loans
Replies: 8
Views: 1307

Re: International investing. A good call by our mentor.

One of the key Boglehead mantras is diversification. Taylor, you are a very wise man, so why you thought posting Mr. Bogle's message to limit diversification in terms of world stock ownership would be received positively by your fellow Bogleheads escapes me. The fact that Mr. Bogle was correct for t...
by Bfwolf
Sun Aug 03, 2014 6:42 pm
 
Forum: Investing - Theory, News & General
Topic: International investing. A good call by our mentor.
Replies: 145
Views: 12510

Re: Too many goals - where do I start?

Let me come at this from an alternative approach. The first steps is you've got to build up a 6 month emergency fund. That's non-negotiable. Beyond that though, I think some outside the box thinking may help. Your employer match is virtually unheard of. You really need to take advantage of that. Eve...
by Bfwolf
Sun Aug 03, 2014 1:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Too many goals - where do I start?
Replies: 53
Views: 3942

Re: MOM faltering? [Momentum]

I don't know if any of these factors are real or not, but I can at least get my head around the size and growth/value factors. Small companies are risky. Companies that are doing crummy (value companies) are risky. There's no free lunch there--if you invest in those types of companies you are taking...
by Bfwolf
Fri Aug 01, 2014 12:51 am
 
Forum: Investing - Theory, News & General
Topic: MOM faltering? [Momentum]
Replies: 94
Views: 6265

Re: Contribute to 457?

Correct.
by Bfwolf
Thu Jul 31, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 3363

Re: Contribute to 457?

Big companies can and do go bankrupt. Healthcare may be riskier than most industries due to the evolving landscape. But I agree with your assessment that bankruptcy is unlikely. If it were me, and the investment choices were decent and rules surround the 457 in the Summary Plan Description didn't ra...
by Bfwolf
Wed Jul 30, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 3363

Re: Please help me fight for index funds!

Delayed Gratification, We hear on this forum all the time about 401k plans that are offered "free" to the company. The reason they are offered free is that the fund choices have high expense-ratios/loads/12B-1 fees, and are thus highly profitable for the offerer. You can bet the investment...
by Bfwolf
Wed Jul 30, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help me fight for index funds!
Replies: 37
Views: 2518

Re: Was ready to pull plug on Janus..until

Of all the decisions you will make today, whether you use Vanguard Admiral funds or their equivalent ETFs will probably be the least important. You should spend more time thinking about what you're going to have for dinner tonight.
by Bfwolf
Wed Jul 30, 2014 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 66
Views: 4086

Re: Contribute to 457?

I certainly understand the concern with a non-governmental 457 being a general obligation of the company and thus subject to forfeiture if the company goes bankrupt. However, unless the company goes bankrupt suddenly and without warning, aren't there ripcord opportunities to prevent the loss of asse...
by Bfwolf
Wed Jul 30, 2014 12:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 3363

Re: Please help me fight for index funds!

I agree. However, the company does have an investment committee. Those are the people I'm talking to. No guarantee I can win, but if I don't try everyone loses (except, of course, the management company). Perhaps a purchase of a slim Boglehead philosophy book for each member of the investment commi...
by Bfwolf
Tue Jul 29, 2014 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help me fight for index funds!
Replies: 37
Views: 2518

Re: Please help me fight for index funds!

I don't think talking to the Prudential salesman is going to get you anywhere. You're certainly not going to convince him that offering the Vanguard fund is better for him because it's not! Whether it's better for your wife doesn't matter to him. Who are the decision makers with your wife's company?...
by Bfwolf
Tue Jul 29, 2014 2:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help me fight for index funds!
Replies: 37
Views: 2518

Re: Was ready to pull plug on Janus..until

Your first fund listed, JANEX, is described as a mid-cap fund. You are comparing it to VTI which is a large cap ETF. Vanguard has a mid cap index fund with the ticker VIMSX. Since its founding in 1998, VIMSX is up well over 200%. JANEX, over the same time frame, is up less than 150%. VTSMX, the mutu...
by Bfwolf
Tue Jul 29, 2014 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 66
Views: 4086

Re: Here's another "where should I retire" thread

A couple of years ago, I spent a week at a friend's parents' lakehouse in Willsboro, NY, and it was delightful. I think it would meet many of your criteria, and you can take your car on the ferry across Lake Champlain to the Vermont side and drive up to Burlington in about an hour. Burlington is a c...
by Bfwolf
Sat Jul 26, 2014 2:04 am
 
Forum: Personal Consumer Issues
Topic: Here's another "where should I retire" thread
Replies: 104
Views: 6463

Re: Do you "Tax Adjust" your Asset Allocation (Pre vs Roth,

I think most are cottoning on to why discounting for taxes is the "correct" (though more complex) way of doing it, but if anyone is still having trouble grasping this concept, I might offer one more way of thinking about it. An asset allocation is designed to manage the risk of being able ...
by Bfwolf
Tue Jul 22, 2014 9:30 pm
 
Forum: Investing - Theory, News & General
Topic: Do you "Tax Adjust" your Asset Allocation (Pre vs Roth, etc)
Replies: 77
Views: 3782

Re: Asking for a raise

I agree with music_man. State your case and what you are asking for objectively. Do not threaten or get emotional. If your ask is big enough (i.e. I want a promotion and a 30% raise), the threat is implicit and does not need to be stated. Your company will know that anybody who is asking for that mu...
by Bfwolf
Tue Jul 22, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise
Replies: 14
Views: 1536

Re: Multiple Solo 401(k)s?

Thanks for setting me straight guys.
by Bfwolf
Tue Jul 22, 2014 10:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Multiple Solo 401(k)s?
Replies: 4
Views: 437

Multiple Solo 401(k)s?

I already have a Solo 401(k) with Vanguard for my business, which is an LLC of which I'm the only member. The registration details of my account with Vanguard say: "VFTC TR <Name of my LLC> Individual 401(k) FBO <My Name>" VFTC presumably stands for Vanguard Fiduciary Trust Company. I am a...
by Bfwolf
Tue Jul 22, 2014 12:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Multiple Solo 401(k)s?
Replies: 4
Views: 437

Re: 401(k) In-Plan Roth Conversion of After-Tax Money

In my non CPA opinion, anybody who does the mega back door Roth should go into it with eyes open to the fact that it's a little bit of a gray area and there is risk the IRS comes after you at some point. However, given the documentation we've seen to date, I think that this risk is quite low. I thin...
by Bfwolf
Tue Jun 24, 2014 7:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) In-Plan Roth Conversion of After-Tax Money
Replies: 76
Views: 5559

Re: Soccer - injury time?

The funny thing is when I posted my idea on the forum of the English Premier League team I support, probably 75% of the (mostly English) respondents were really intrigued by the idea of a visible clock that starts/stops, although we all conceded it would never happen. It took a forum composed mostly...
by Bfwolf
Mon Jun 23, 2014 6:12 pm
 
Forum: Personal Consumer Issues
Topic: Soccer - injury time?
Replies: 49
Views: 2928

Re: Soccer - injury time?

I agree with HomerJ. Transparent clock management in major leagues/tournaments would not prevent poor kids from playing soccer. I am an advocate for the following change to create transparency, eliminate time-wasting, and bring the "buzzer beater" into play: Bring in an official clock that...
by Bfwolf
Mon Jun 23, 2014 12:36 pm
 
Forum: Personal Consumer Issues
Topic: Soccer - injury time?
Replies: 49
Views: 2928

Re: Lost a lot in stocks and starting fresh: Please Help

OP, first of all, I appreciate that you returned and updated everybody with where you are. And your honesty about accepting some advice but not all of it is commendable. You have also certainly reduced your debt, which is good. But as others have mentioned, much is amiss here. You need an emergency ...
by Bfwolf
Tue Jun 17, 2014 1:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Lost a lot in stocks and starting fresh: Please Help
Replies: 90
Views: 12244

Re: What to pick: RSU or stock options?

I think this is a no-brainer for the RSUs. My company was offering similar 4 to 1 ratio, but the options vested 34/33/33 over 3 years while the RSUs vested 0/0/100 so it was even more in favor of options than your choice (although the options only lasted 7 years vs your 10). Something like 80% of th...
by Bfwolf
Mon Jun 16, 2014 10:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to pick: RSU or stock options?
Replies: 29
Views: 1762

Re: Laid off - HSA Contributions?

Thanks, Spirit Rider.

In the interest of simplicity then, it may make sense to wait until Dec 1st (or until rehired somewhere else) to make the balance of all HSA contributions under the COBRA plan. I'll lose out on the tax free growth for 6 months, but that's small potatoes.
by Bfwolf
Tue Jun 10, 2014 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1048

Re: Laid off - HSA Contributions?

Thank you. I did check into ACA options and COBRA (with company subsidy) is a better option for me as the company subsidy is 63% of the premium.
by Bfwolf
Tue Jun 10, 2014 9:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1048

Laid off - HSA Contributions?

I am being laid off in a couple of weeks. Please no pity party, I am not upset about it. I will remain on my employer's high deductible health care plan for the remainder of the year through COBRA. Since I contribute to my HSA every paycheck, I have only contributed half of my annual maximum to date...
by Bfwolf
Mon Jun 09, 2014 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1048

Re: Investing HSA Contributions

I'm sorry if this minimizes your question, but does whether you have $2,500 earning 2.4% guaranteed or $2,500 folded into your broader asset allocation really matter?

Even for a worker early in their savings career, this feels like a decision that doesn't have meaningful ramifications.
by Bfwolf
Tue May 27, 2014 10:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing HSA Contributions
Replies: 6
Views: 543

Re: Roll IRAs into 401k so that I can do backdoor Roth?

It sounds like if you roll the money into your 401k, your 401k will be the dominant portion of your portfolio, to the point where you would need to own not just domestic stocks but also bonds and international stocks there. It's easy to feel good about the S&P 500 index fund in your 401k. Do you...
by Bfwolf
Fri May 23, 2014 5:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll IRAs into 401k so that I can do backdoor Roth?
Replies: 13
Views: 1075

Re: UCLA vs USC Decision [Which college to attend]

USC is a private school. Privates work hard to get you graduated in 4 years (2 for you) as people won't pay high tuition if they can't graduate as planned. UCLA is a state school. The state is California. California still has serious budget problems and in the colleges that means there are fewer in...
by Bfwolf
Mon May 19, 2014 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: UCLA vs USC Decision [Which college to attend]
Replies: 62
Views: 3794

Re: UCLA vs USC Decision [Which college to attend]

Assuming you have 2 years left of school, USC will cost $26K more than UCLA. So the question is whether the USC degree has a present value worth $26K more than the UCLA degree (if you don't know what present value is, you'll learn it soon!). I agree with the earlier poster who said compare the place...
by Bfwolf
Thu May 15, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: UCLA vs USC Decision [Which college to attend]
Replies: 62
Views: 3794

Re: Spray cans losing pressure

In general, I would say it's surprising that you have so many cans losing pressure. It has never happened to me. If it''s happening in less than a year from purchase regularly, then I think this may have to do with how you are using the cans (i.e. inverting them).
by Bfwolf
Mon May 12, 2014 4:26 pm
 
Forum: Personal Consumer Issues
Topic: Spray cans losing pressure
Replies: 27
Views: 1360

Re: Spray cans losing pressure

Have you tried calling the manufacturers of the products on the 1-800 #s listed on the back of the package? I would not be surprised if they sent you a coupon to get another one for free.

FYI, Pam claims their new formula does not leave much residue. http://www.pamcookingspray.com/promotions/
by Bfwolf
Sun May 11, 2014 10:49 pm
 
Forum: Personal Consumer Issues
Topic: Spray cans losing pressure
Replies: 27
Views: 1360

Re: Philly/Boston in May: Recommendations Please

One of the best things about Philly is the architecture of all the homes in Center City, especially in the swath between Lombard and Spruce. Clinton St between 10th and 11th is my personal favorite. Definitely get a cheesesteak from Jim's at 4th and South. Be prepared to wait in line for 20 minutes ...
by Bfwolf
Sun May 04, 2014 7:51 pm
 
Forum: Personal Consumer Issues
Topic: Philly/Boston in May: Recommendations Please
Replies: 26
Views: 1596
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