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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: 3448

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: 1438

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: 414

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: 414

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: 65
Views: 4094

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: 2850

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: 2850

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: 11942

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: 1656

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: 1024

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: 1024

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: 1024

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: 537

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: 1057

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: 3596

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: 3596

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: 1261

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: 1261

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: 1565

Re: How much income do you need to start an Individual 401k?

Thanks DSInvestor.

His IRA is high 5 figures. His wife is already doing backdoor Roth contributions, but he has more money he'd like to get into tax advantaged accounts.
by Bfwolf
Sat May 03, 2014 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much income do you need to start an Individual 401k?
Replies: 4
Views: 498

How much income do you need to start an Individual 401k?

My brother earns too much to contribute directly to a Roth IRA. He maxes out his 401k pre-tax contributions with his employer and would like to do a Backdoor Roth IRA contribution, but he has substantial pre-tax assets in a Traditional IRA. He is in a high tax bracket and doesn't want to convert his...
by Bfwolf
Sat May 03, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: How much income do you need to start an Individual 401k?
Replies: 4
Views: 498

Re: Annuities - Is Anyone Satisfied?

People who bought SPIAs and can report their findings on this forum are almost certainly happy. The ones that aren't happy are dead.
by Bfwolf
Fri May 02, 2014 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuities - Is Anyone Satisfied?
Replies: 37
Views: 2454

Re: Socially Responsible (Progressive) Fund Options

I like the idea of a REIT fund or a government bond fund. While I wouldn't exactly call REITs "progressive," I think in general they're pretty unobjectionable. They're investing in apartment buildings, shopping malls, office parks, etc. Nothing really sinister here. Your opinion on whether...
by Bfwolf
Mon Apr 28, 2014 11:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8817

Re: Salary Negotiation Help

I agree with Leonard's comment, though I would also suggest that switching costs go both ways. There are recruitment costs and risk associated with the nonprofit losing you, but there's also switching costs to you if you leave: there's risk you may not enjoy the new company, you may need to uproot y...
by Bfwolf
Thu Apr 17, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation Help
Replies: 6
Views: 947

Re: Unexpected dental bill

Wow, this is indeed a crummy situation. What you've paid already should be your maximum liability. It's the amount based on the higher codes the the dentist submitted. I think your next step is getting the dentist's office to agree to that logic and cancel the bill they sent to you. Then you can wor...
by Bfwolf
Wed Apr 09, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unexpected dental bill
Replies: 22
Views: 2313

Re: To MBA or not MBA?

80% of the value of a "name" school is the job it helps you get immediately upon graduation. After that, every other job you get will be based on the last job you had--nobody will care what school you went to as long as you can check the MBA box. Is your plan to leverage the MBA to get a n...
by Bfwolf
Fri Apr 04, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: To MBA or not MBA?
Replies: 57
Views: 4924

Re: Advice on restructuring elderly parents portfolio

Selling the losers seems like good advice to me. I think Peter Foley's advice to sell the most modest winners until you're down to $6K of losses makes sense...that will give your parents 2 years of $3K deductions on their taxes and allow you to diversify the portfolio a bit. Since your parents are u...
by Bfwolf
Sun Mar 23, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on restructuring elderly parents portfolio
Replies: 19
Views: 1371

Re: Purchase farmland or sell it?

Put me in the "sell it" camp. You wouldn't buy farmland if you didn't inherit it, so how is this any different?
by Bfwolf
Tue Mar 04, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 33
Views: 2122

Re: Choosing my MBA program... Looking for advice

Save the $56K. Brand and recruiting opportunities are irrelevant since you're staying at your company. Nobody 3 years after your graduation will care whether you went to BU or UMass. You can learn the principles at both schools. I'm a little skeptical of online, but if you put in the work, you'll le...
by Bfwolf
Thu Feb 13, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing my MBA program... Looking for advice
Replies: 11
Views: 1478

Re: technology's impact

I'm not too worried. There will always be plenty of jobs for humans until artificial intelligence advances to the point that it's superior to humans. The kinds of jobs will change of course, and so will the education system preparing people for such jobs. I think it's definitely true that those who ...
by Bfwolf
Sun Jan 19, 2014 1:45 pm
 
Forum: Investing - Theory, News & General
Topic: technology's impact
Replies: 18
Views: 975

Re: Husband Left Me In Charge – Round 2

Wow, those are some big increases to your taxable account coming. That will certainly be nice and will allow you to put more of the money in his 401k in the Pimco Total Return Bond fund and stay within your asset allocation. Retiredjg's suggestions are good ones. I think I prefer his second portfoli...
by Bfwolf
Tue Jan 14, 2014 12:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Husband Left Me In Charge – Round 2
Replies: 17
Views: 3509

Re: Husband Left Me In Charge – Round 2

One thing that I thought about while I was sleeping last night is the possibility of sales loads in his 401k considering how bad the options are. On REREX you are fine. But on that Pimco Total Return A fund, there is a 3.75% max front end sales load. http://finance.yahoo.com/q/pr?s=PTTAX+Profile Bef...
by Bfwolf
Mon Jan 13, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Husband Left Me In Charge – Round 2
Replies: 17
Views: 3509

Re: Husband Left Me In Charge – Round 2

The big problem you have is that half your money is sitting in his 401k with terrible investment options. With that in mind, I'd suggest a temporary adjustment to your asset allocation where you don't buy any TIPS, and instead put all 20% of your bond allocation into nominal bonds. You can buy that ...
by Bfwolf
Sun Jan 12, 2014 11:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Husband Left Me In Charge – Round 2
Replies: 17
Views: 3509

Re: Made a $50k bet on Healthcare

...that thread gave me a new idea. instead of trying to catch a falling knife, i'm going to ride the wave.... Do what you like, but I am going to warn you seriously about the danger of slogans. Specifically, the danger of maintaining some little private stock of maxims and slogans, all mutually con...
by Bfwolf
Sat Jan 11, 2014 1:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made a $50k bet on Healthcare
Replies: 49
Views: 6742

Re: Windfall with maxed out retirement accounts

I concur with the advice you've received so far. Congratulations on doing a good job saving at an early age, and sorry for your loss.
by Bfwolf
Sat Jan 11, 2014 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Windfall with maxed out retirement accounts
Replies: 5
Views: 554

Re: Looking for Actual Experiences with Umbrella Insurance

It seems like many of the usage occasions for umbrella insurance are car accidents. I don't own a car, and only drive a few times a year when I travel for work. My work always says I should decline add'l insurance coverage from the rental car company....should I assume that if I'm traveling for the ...
by Bfwolf
Fri Jan 10, 2014 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking for Actual Experiences with Umbrella Insurance
Replies: 79
Views: 6875

Re: review my AA please?

You can read about the pros and cons of holding International Bonds here.: http://www.bogleheads.org/wiki/Developed_market_bonds#Pros_and_cons_of_international_bond_investing In today's low interest rate environment, holding the international bonds in a taxable account may not be so bad. But if inte...
by Bfwolf
Fri Dec 27, 2013 1:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: review my AA please?
Replies: 10
Views: 770

Re: review my AA please?

For most of those domestican and int'l funds, you have more complexity than is ideal, but I think dealing with a little complexity is OK to avoid a big capital gains hit. The worst of them is the RSP which has an expense ratio of 0.4% vs the 0.05% you could get with Vanguard Total Stock Market Admir...
by Bfwolf
Thu Dec 26, 2013 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: review my AA please?
Replies: 10
Views: 770

Re: Things to do in January?

Rollover HSA to another HSA outside my employer every January. A wise move certainly, although I do have an ongoing horror story associated with this. I completed a trustee to trustee transfer from my company-sponsored HSA with US Bank (which has terrible investment options) to my HSA with HSA Bank...
by Bfwolf
Thu Dec 26, 2013 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Things to do in January?
Replies: 27
Views: 3214

Re: New job. No access to 401(K) for 12 months!

Keep in mind that if you are not included in a company retirement plan, then there is no income limit for contributing pre-tax to a traditional IRA. So at least that's $5,500 of pre-tax savings you can do next year.
by Bfwolf
Thu Dec 26, 2013 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job. No access to 401(K) for 12 months!
Replies: 11
Views: 807

Re: review my AA please?

You have $1MM at age 35, so you're obviously in good shape. I would recommend consolidating all the domestic equities in your taxable to Vanguard Total Stock Market and all int'l equities to Vanguard Total Int'l Stock Market. I wonder if you haven't done that due to capital gains. I'd also suggest d...
by Bfwolf
Thu Dec 26, 2013 3:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: review my AA please?
Replies: 10
Views: 770

Re: Quitting Job of 20yrs to start business

Hopefully, the business was a big success. In any event, I sent the OP a PM asking him to come back and update us.
by Bfwolf
Thu Dec 26, 2013 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Quitting Job of 20yrs to start business
Replies: 31
Views: 3784

Re: Totally New to BogleStyle after firing adviser. Please h

Let me start by saying you are going to be alright no matter what. I understand feeling anxious about your retirement, but you really are in a good position. Several things would have to go against you to put you in a position to not be able to retire when you're 66 with the lifestyle you want. Even...
by Bfwolf
Wed Dec 25, 2013 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Totally New to BogleStyle after firing adviser. Please help!
Replies: 27
Views: 2759

Re: Totally New to BogleStyle after firing adviser. Please h

It would also be helpful to know if the $85K you want to get from your retirement accounts is pre-tax or post-tax since your retirement accounts are all tax-deferred. i.e. will $85K/year be enough to support your lifestyle AND pay the taxes incurred from the $85K/year distribution?
by Bfwolf
Mon Dec 23, 2013 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Totally New to BogleStyle after firing adviser. Please help!
Replies: 27
Views: 2759

Re: Totally New to BogleStyle after firing adviser. Please h

The question is whether you really need 75/25 to accomplish your objectives. It sounds like you don't if you want to withdraw $85K/year from your retirement portfolio based on math from 22twain (which I confess I did not double-check). 75/25 is a high risk portfolio for a 10 year time horizon. You m...
by Bfwolf
Mon Dec 23, 2013 2:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Totally New to BogleStyle after firing adviser. Please help!
Replies: 27
Views: 2759

Re: Do you adjust your asset allocation for future taxes?

Just to be clear, as a couple of posts seemed confused:

This poll is not about which asset class should you put in which asset location.

It's about whether you take the future taxes inherent in asset location into account when calculating your asset allocation percentages.
by Bfwolf
Fri Dec 20, 2013 10:25 pm
 
Forum: Investing - Theory, News & General
Topic: Do you adjust your asset allocation for future taxes?
Replies: 26
Views: 1090

Re: Do you adjust your asset allocation for future taxes?

Manwithnoname, Shouldn't the tax-deferred account withdrawals be viewed as the last $s out when thinking about effective taxation rate? The alternative to pulling out the tax-deferred $s would be to pull out $s from accounts that have already been taxed. Thus, by having tax-deferred accounts and tak...
by Bfwolf
Fri Dec 20, 2013 10:14 pm
 
Forum: Investing - Theory, News & General
Topic: Do you adjust your asset allocation for future taxes?
Replies: 26
Views: 1090

Do you adjust your asset allocation for future taxes?

In tax deferred accounts, the government owns a percentage of your account. If you have $1,000,000 in a traditional IRA, the reality is that you own $750,000 and the government owns $250,000 (or whatever split your retirement tax bracket will entail). In taxable accounts, capital gains you've earned...
by Bfwolf
Fri Dec 20, 2013 9:30 pm
 
Forum: Investing - Theory, News & General
Topic: Do you adjust your asset allocation for future taxes?
Replies: 26
Views: 1090

Re: Tipping a taxi driver on a snow day?

Tomato,

I occasionally take a cab a short distance from the supermarket, and the cab drivers rarely help me load/unload my bags. I'm OK with that because it is a short, crummy fare and I am an able bodied man.

For what it's worth, lots of cabs wait til I get inside before they drive off.
by Bfwolf
Thu Dec 19, 2013 12:15 am
 
Forum: Personal Consumer Issues
Topic: Tipping a taxi driver on a snow day?
Replies: 36
Views: 3005

Re: Tipping a taxi driver on a snow day?

Tomato,

I too have noticed that many cabs have rear wheel drive. Why is this? This seems crazy to me in parts of the country with lots of snow and ice.
by Bfwolf
Wed Dec 18, 2013 1:37 pm
 
Forum: Personal Consumer Issues
Topic: Tipping a taxi driver on a snow day?
Replies: 36
Views: 3005
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