Search found 1023 matches

Return to advanced search

Re: Who is doing In Plan Roth conversions?

It is not clear from your recent posts whether this rollover will be going into your Roth 401k OR your Roth IRA. Which is it? Tax free either way. Sorry Roth IRA. They had me create a Roth IRA in my account suite at Fidelity. Fidelity will take the money as an in service withdrawal from the after t...
by Jfet
Wed Aug 06, 2014 9:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 41
Views: 3012

Re: Who is doing In Plan Roth conversions?

Thanks Alan. I did just confirm in the tax documents Fidelity has too: "If your Plan allows in-plan Roth conversions, and you roll over the payments to a designated Roth account in the plan, the amount of the payment rolled over ( reduced by any after-tax amounts directly rolled over ) will be ...
by Jfet
Wed Aug 06, 2014 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 41
Views: 3012

Re: Who is doing In Plan Roth conversions?

Sorry for bringing this thread back to life but I just did my first in plan conversion today and want to confirm they did it the correct way. Had $600,000 in the 401K consisting of $586,200 of pre tax contributions and employer match plus $13,800 of after tax contributions from this year. The $13,80...
by Jfet
Wed Aug 06, 2014 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 41
Views: 3012

Re: Washington state retirees?

Check out Arlington. It is an hour or less from Seattle (to the North) and on the Centennial trail. +1 We bike the Centennial trail from the city of Snohomish all the way up to Arlington. A very awesome trail. Snohomish itself is not too terribly expensive for a house ($350 should get you something...
by Jfet
Mon Jun 30, 2014 7:11 pm
 
Forum: Personal Consumer Issues
Topic: Washington state retirees?
Replies: 29
Views: 1799

Re: How much to retire

$5.0m is the target. That will be sufficient for a good living and still have some leftovers for my heirs. 5.0m is too much for someone living in south Georgia in a 1bd rental. 5.0m is not enough for someone spending 2 months a year renting Branson's island. I guess it is a good reason that the que...
by Jfet
Sun Jun 29, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: How much to retire
Replies: 21
Views: 2958

Re: How much to retire

You want to save about 25 to 33 times your expected living expenses, not your income. If you make $5,000,000 a year but only need $50,000 for living expenses, you don't need to save $125,000,000 or even 50% of that. If you need $50,000 for living expenses, a safe retirement nest egg would be around ...
by Jfet
Sat Jun 28, 2014 11:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to retire
Replies: 21
Views: 2958

Re: I want to buy a stock.

I wouldn't discount the $1000 as insignificant though. My 401k rollover IRA started with not quite double that and has grown to $79,500 in the past 13 years with no additional contributions. A small amount of money can do a lot if you nurse it and have a bit (ok, a lot) of luck.
by Jfet
Sun Jun 15, 2014 12:43 am
 
Forum: Investing - Help with Personal Investments
Topic: I want to buy a stock.
Replies: 43
Views: 2545

Re: I want to buy a stock.

I would pick something a little less hyped up than Tesla (of course I looked at Tesla at $90 and thought the same thing).

I will be buying some SpaceX when they IPO...probably 25% at IPO and 75% when/if it drops to half IPO in the first year.
by Jfet
Sat Jun 14, 2014 9:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: I want to buy a stock.
Replies: 43
Views: 2545

Re: Who is doing In Plan Roth conversions?

It still seems like a pretty good deal even with the differences between the Roth 401K and a Roth IRA.

$20K a year sheltered from future taxes and with minimal conversion costs (if converted relatively quickly in a flat market).
by Jfet
Mon May 26, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 41
Views: 3012

Re: Who is doing In Plan Roth conversions?

I have started doing it recently and just do it for after tax contributions. I contribute after tax money for each pay check and then immediately do the in plan conversion only on the after tax contributions and essentially don't pay any tax. So you are doing 12, 24,or 26 (how ever many pay periods...
by Jfet
Sat May 24, 2014 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 41
Views: 3012

Re: $22 million reason for umbrella?

This is a good reason to have a lot of your money in a 401k/IRA which is protected from settlements in many states. Well, not all is protected in IRA but I think every bit of a 401K is protected from both creditors in bankruptcy and also from legal settlements. IRA is only protected to around 1.1 mi...
by Jfet
Thu May 01, 2014 9:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: $22 million reason for umbrella?
Replies: 42
Views: 3869

Re: Sell in May and Go Away: Fact or Fiction?

Well, it is that time of year again. Did it actually work in 2013 or was it sell in may, buy back in late may and ride the bull the rest of the year 2013?

I am up 25% YTD so I can handle a little fall...stay the course.
by Jfet
Wed Apr 30, 2014 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: Sell in May and Go Away: Fact or Fiction?
Replies: 27
Views: 3901

Re: Does it make any sense to hold "cash" as an asset?

In the situation like earlier this year when 5 year CDs were paying 3%, does it make any sense to hold "bonds" over cash?
by Jfet
Thu Apr 24, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: Does it make any sense to hold "cash" as an asset?
Replies: 39
Views: 9150

Re: Do you think the biotech sector will be hurt long term?

There are ways to finance drug development other than the current patent system. Somehow I don't think you are going to raise 4B to 6B on kickstarter to fund your own cure for Hep C. And what would you offer contributors? A T-shirt? Government funding is likely to work better than kickstarter, espe...
by Jfet
Wed Apr 23, 2014 2:09 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: Do you think the biotech sector will be hurt long term?

richard wrote:
Valuethinker wrote:
There are ways to finance drug development other than the current patent system.


Somehow I don't think you are going to raise 4B to 6B on kickstarter to fund your own cure for Hep C. And what would you offer contributors? A T-shirt?
by Jfet
Wed Apr 23, 2014 9:19 am
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: Do you think the biotech sector will be hurt long term?

So yeah, Gilead just blew the lid off of earnings...I think the high estimate was $1 a share and they earned $1.48 and they almost doubled revenues YoY.

Probably will be ok.
by Jfet
Tue Apr 22, 2014 4:13 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: If you have ACA health insurance, what is your experien

Does anyone have the Blue Cross/Blue Options PPO plan in Florida? We will have to choose a home state for taxes and ACA while traveling around the USA and I was considering Florida and this ACA plan because of the nationwide network.
by Jfet
Mon Apr 21, 2014 9:14 am
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 222
Views: 16419

Re: Expensive med. test not covered by insurance

Hmmm, not sure here. When I go get my auto fixed, they usually provide me with a ballpark estimate of what the repairs will cost. It might not be too much to ask to have a little printout you sign before a battery of tests is sent off that gives a ballpark of what these tests cost. If the facility/...
by Jfet
Wed Apr 16, 2014 9:14 am
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 4913

Re: Expensive med. test not covered by insurance

Hmmm, not sure here. When I go get my auto fixed, they usually provide me with a ballpark estimate of what the repairs will cost. It might not be too much to ask to have a little printout you sign before a battery of tests is sent off that gives a ballpark of what these tests cost. If the facility/i...
by Jfet
Wed Apr 16, 2014 8:15 am
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 4913

Re: First Trip to India

halfnine wrote:One other thing I forgot...practice your squatting


I was watching "An Idiot Abroad" on Netflix and was a bit shocked at the toilet situation. I guess putting the lid down is a first world problem.
by Jfet
Mon Apr 14, 2014 6:23 pm
 
Forum: Personal Consumer Issues
Topic: First Trip to India
Replies: 49
Views: 14406

Re: gold , silver, copper and uranium only

Osmium is where the real money is. Well, when they find some more uses for it. One of the rarest metals and the most dense of naturally occurring elements. I am stockpiling fountain pen tips just in case fusion or the space elevator depends on heavy use of Osmium. You never know. I will always have ...
by Jfet
Mon Apr 14, 2014 5:51 pm
 
Forum: Investing - Theory, News & General
Topic: gold , silver, copper and uranium only
Replies: 46
Views: 3086

Re: Costa Rica?

Last time we went was in 2008 I think. Have they fixed the bridge to Manuel Antonio? It was constructed of duct tape and loose iron pipe and not nearly enough duct tape IMO. The drop was only 40 feet or so into the river below. We followed a concrete mixer truck but stayed a bit back from him. Mount...
by Jfet
Sun Apr 13, 2014 11:33 am
 
Forum: Personal Consumer Issues
Topic: Costa Rica?
Replies: 14
Views: 1516

Re: How much is rich?

When you can afford to pay someone to research and answer questions like this one, then you are rich.
by Jfet
Sun Apr 13, 2014 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2812

Re: If Social Security wasn't mandatory, would you contribut

If I could keep the 6.2% my employer was contributing or if I was self-employed it would be a "no brainer" and I would manage the contributions. But...if I only get to keep my contribution (6.2%), I think I would take the guarantee. This is what most people don't realize, you are actually...
by Jfet
Sun Apr 13, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: If Social Security wasn't mandatory, would you contribute?
Replies: 9
Views: 813

Re: HSA cost benefit analysis

. Also, once you reach 65, you can withdraw funds tax free for non medical purposes. . Not really.........non-medical reimbursements are taxed but not penalized (additional tax). From Pub 969: Distributions From an HSA ......................................................................... You ca...
by Jfet
Sun Apr 13, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA cost benefit analysis
Replies: 23
Views: 2150

Re: Should I take SS at 62 or increase my burn rate ?

If you can find another investment at age 62 that gives you a guaranteed government backed real return of 7% or so, then I would put my money in that and take SS early. It may be hard to get a guaranteed real return of 7% though. There is no real return of 7%. Your benefit increases by 7% (8% the f...
by Jfet
Fri Apr 11, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I take SS at 62 or increase my withdrawal rate ?
Replies: 27
Views: 1928

Re: Should I take SS at 62 or increase my burn rate ?

If you can find another investment at age 62 that gives you a guaranteed government backed real return of 7% or so, then I would put my money in that and take SS early.

It may be hard to get a guaranteed real return of 7% though.
by Jfet
Fri Apr 11, 2014 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I take SS at 62 or increase my withdrawal rate ?
Replies: 27
Views: 1928

Re: U.S. stocks in freefall

MichDad wrote:I'll start to worry when the US and international stock markets, REITs, and commodities funds all decline by 90 percent. Until then, this is all noise.

MichDad


That would not cause me to worry because I would be dead from the riots.
by Jfet
Fri Apr 11, 2014 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 802
Views: 134914

Re: U.S. stocks in freefall

One of the few individual stocks I own was up 7% today (a small mining stock that just produced it's first batch of 40,000 ounces gold 14 million pounds copper) Was nice to have that green amid the sea of red. Now it is up 20% more today. A big thanks to Goldman Sachs and their $1050 gold predictio...
by Jfet
Fri Apr 11, 2014 12:28 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 802
Views: 134914

Re: Tax audit poll

I sent in a 90 page return (physically, not electronic) and my itemized deductions were $50 above the standard deduction. If they want to waste time auditing me, so be it. (yes I know they could go back to other years but we have a pretty standard return).
by Jfet
Fri Apr 11, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax audit poll
Replies: 19
Views: 1410

Re: Do you think the biotech sector will be hurt long term?

And today everyone runs to the other side of the boat (GILD up 5%, sector up 1%) Starting to get seasick. Those dang efficient market people must really process news a lot faster than I can read, because I haven't read anything today that seems a lot different than what I read yesterday or the day b...
by Jfet
Fri Apr 11, 2014 11:06 am
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: U.S. stocks in freefall

One of the few individual stocks I own was up 7% today (a small mining stock that just produced it's first batch of 40,000 ounces gold 14 million pounds copper)

Was nice to have that green amid the sea of red.
by Jfet
Thu Apr 10, 2014 8:57 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 802
Views: 134914

Re: Do you think the biotech sector will be hurt long term?

If this is all true then we are incredibly foolish for not specifically investing in the biotech sector, or overweighting it in our portfolio. With trillions in monopolies and subsidies it should be a cash cow that almost guarantees good returns. You forget how the Efficient Market works. These fac...
by Jfet
Thu Apr 10, 2014 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: Do you think the biotech sector will be hurt long term?

I am sure there are other avenues that could be pursued. If you gave the same subsidy to a life saving drug that you give to a luxury electric sports car, that would help the price by $7500 or so... The pharmaceutical industry is already the most subsidized business in the world. Setting aside for ...
by Jfet
Thu Apr 10, 2014 7:34 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: Do you think the biotech sector will be hurt long term?

I agree. A 6% drop in share price will undoubtedly discourage companies and investors from developing new drugs. That's also why nobody invests in tech companies anymore after the 2000-02 crash. After all, any fool can see there's no way for tech companies to make money considering market structure...
by Jfet
Thu Apr 10, 2014 6:46 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: Do you think the biotech sector will be hurt long term?

I agree. A 6% drop in share price will undoubtedly discourage companies and investors from developing new drugs. That's also why nobody invests in tech companies anymore after the 2000-02 crash. After all, any fool can see there's no way for tech companies to make money considering market structure...
by Jfet
Thu Apr 10, 2014 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: Do you think the biotech sector will be hurt long term?

livesoft wrote:I liked this report about a certain flu drug:

"Millions wasted …"
http://www.bbc.com/news/health-26954482


I read that report and didn't understand the conclusion or if one side or the other was lying.
by Jfet
Thu Apr 10, 2014 4:15 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: Do you think the biotech sector will be hurt long term?

As a shareholder one should hope they charge the mostest that people will pay. As a human, one should hope they try to maximize the number of people who are helped while still charging enough so as not to discourage further investment in future drugs. But maybe that's just me. SAM Well dropping 6% ...
by Jfet
Thu Apr 10, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: Do you think the biotech sector will be hurt long term?

Perhaps the answer to my question was yes for short term at least. Biotech down near 6% today. That has to be a RBD!
by Jfet
Thu Apr 10, 2014 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: heartbleed - widespread internet security problem

Something similar to this heartbleed is probably going to be the next black swan event that causes a 50% drop in the market. Imagine if Vanguard, Fidelity, Etrade, etc. were hacked and thousands of users had malicious trades executed. Total chaos and immediate distrust of the internet. It would be b...
by Jfet
Wed Apr 09, 2014 11:22 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 25771

Re: Retirement Saving - My Options

Are you self employed? You can create your own type of 401K and roll the tIRA money into it to hide it from conversion taxes. There are a few posts on here about how to do it, maybe someone has the links?
by Jfet
Wed Apr 09, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Saving - My Options
Replies: 4
Views: 452

Re: Do you think the biotech sector will be hurt long term?

In the case of Hep C, it does sound like a large market, but if the drug cost many billions to develop I can't see the company investors being very happy with selling it for $100. It sounds like they are adjust the price somewhat to markets ($900 in Egypt for example). Purely from an investing stand...
by Jfet
Wed Apr 09, 2014 5:44 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: Expensive med. test not covered by insurance

If the actual sequencing costs just a few dollars but the overhead is $4000, that is one horribly messed up medical system. The technology improvement of DNA sequencers is much like the improvements in silicon chip design -- the cost has been cut in half every two years for the last couple of decad...
by Jfet
Wed Apr 09, 2014 2:06 pm
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 4913

Re: Expensive med. test not covered by insurance

As is typical in the U.S. medical system, you are being gouged. As indicated in this article, http://www.nytimes.com/2013/05/21/opinion/the-outrageous-cost-of-a-gene-test.html the true cost of genetic testing is about a nickel a gene. They could sequence all 20,000 of your genes for about $1000. Bu...
by Jfet
Wed Apr 09, 2014 12:38 pm
 
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 74
Views: 4913

Re: First Trip to India

Why not pack a couple of those reverse osmosis camping straws? $22 and then if you are in a situation where you are unsure of the water, just use the straw. http://www.amazon.com/Travelers-Missionaries-Fisherman-Enthusiasts-Emergency/dp/B00HYI4G74/ref=sr_1_5?ie=UTF8&qid=1397053862&sr=8-5&...
by Jfet
Wed Apr 09, 2014 10:32 am
 
Forum: Personal Consumer Issues
Topic: First Trip to India
Replies: 49
Views: 14406

Do you think the biotech sector will be hurt long term?

I am not sure this is an acceptable topic so forgive me if it is against the rules. It *seems* ok if it does not stray political or personal. I do think there are so many doctors on here that one could gain a lot of insight by listening to them. Recently Gilead (GILD) has come under fire for pricing...
by Jfet
Wed Apr 09, 2014 9:25 am
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3300

Re: How much to build a small house from scratch?

If I were going to DIY on a small house, what I would actually do is buy a rather large unheated workshop garage (maybe a 30x40 steel building) and then construct a small living space in part of it. I think you could have a foundation poured and the steel building installed for under $50K, then spen...
by Jfet
Mon Mar 31, 2014 11:58 am
 
Forum: Personal Consumer Issues
Topic: How much to build a small house from scratch?
Replies: 28
Views: 1820

Re: retired at 37?

I don't like the odds on 4% withdrawals starting at 37. That's a 50-60 year planning horizon. :shock: Firecalc gives you a 84% chance with a 4% withdrawal on a 50 year horizon but I think it is starting to break down because there are not enough 50 year periods for a good sample set. 84% chance is ...
by Jfet
Sun Mar 30, 2014 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: retired at 37?
Replies: 52
Views: 5512

Re: retired at 37?

If he invested heavy in either Apple or Tesla, he could easily have enough money to retire with just a few hundred thousand initially. Other than an inheritance this would be my guess. Or he did some crazy plays in biotech. It isn't hard to get a 5 or 10 bagger there if you are lucky. We don't hear ...
by Jfet
Sun Mar 30, 2014 6:13 pm
 
Forum: Investing - Theory, News & General
Topic: retired at 37?
Replies: 52
Views: 5512
Next

Return to advanced search