Search found 45 matches

Return to advanced search

Re: Recommendations on Walking/Trekking poles

I have a pair of Black Diamond trekking poles that I bought a few years ago at REI for about $80. I have been very pleased with them, no problems whatsoever.
by MrBrainwash
Tue Jul 08, 2014 1:35 am
 
Forum: Personal Consumer Issues
Topic: Recommendations on Walking/Trekking poles
Replies: 16
Views: 1535

Re: Big Sky, Montana

Go to Glacier National Park if you can. It isn't that close to Bozeman (Google Maps says 5 hour drive), but it isn't that close to anything, so I doubt you'll be closer in the future. It is an incredible park, and extremely under-recognized. If I had to choose between going back to Yellowstone and g...
by MrBrainwash
Thu May 15, 2014 4:46 pm
 
Forum: Personal Consumer Issues
Topic: Big Sky, Montana
Replies: 11
Views: 1119

Re: Really hard to avoid "Keeping up with the Joneses"!

I suggest reading "A Guide to the Good Life: The Ancient Art of Stoic Joy". Specifically, the chapter entitled "Personal Values: On Luxurious Living". The Stoic philosophy is concerned with transforming yourself with the goal of achieving tranquility. I think it is a good match f...
by MrBrainwash
Sun Jul 28, 2013 4:24 am
 
Forum: Personal Consumer Issues
Topic: Really hard to avoid "Keeping up with the Joneses"!
Replies: 93
Views: 10078

Re: California Tax Payment 'pooter down on taxday

chaz wrote:"I'm required to use the pathetic on-line system." Why? Won't Calif accept a check?

If your tax liability is above a certain amount, California requires that you pay on the web.
by MrBrainwash
Mon Apr 15, 2013 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Tax Payment 'pooter down on taxday
Replies: 20
Views: 1078

Re: Why difference in CPA-computed tax vs. tax tables?

In all likelihood, you are missing the fact that long term capital gains, qualified dividends, etc. are taxed at lower rates than other income, so if you use the tax tables, you pay too much tax.
by MrBrainwash
Sat Apr 06, 2013 3:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Why difference in CPA-computed tax vs. tax tables?
Replies: 4
Views: 325

Re: "Dollar cost average" a conversion to Roth IRA?

Thanks for the additional info. Given that there are only a few weeks left in the year, and I always have the "escape valve" of recharacterization if I happen to pick a horribly bad time to convert, I guess I'll just convert it all in a lump sum.
by MrBrainwash
Wed Dec 05, 2012 12:52 am
 
Forum: Investing - Help with Personal Investments
Topic: "Dollar cost average" a conversion to Roth IRA?
Replies: 7
Views: 813

Re: "Dollar cost average" a conversion to Roth IRA?

I am starting a business this year and will have very little income, since I'm not yet taking a salary. That's why this is a good year for me to convert to Roth. I plan to fill up at least the 15% and 25% tax brackets with my conversion this year. If I convert all of the IRA, that will push me up in...
by MrBrainwash
Tue Dec 04, 2012 2:59 am
 
Forum: Investing - Help with Personal Investments
Topic: "Dollar cost average" a conversion to Roth IRA?
Replies: 7
Views: 813

"Dollar cost average" a conversion to Roth IRA?

I'm probably trying to over-optimize, but here is the situation: I have a traditional IRA that was created when I rolled over a 401k. All funds in the IRA are pre-tax. It's a six-figure amount, and now I want to convert it to a Roth IRA by the end of the year. Obviously I'd like to do the conversion...
by MrBrainwash
Mon Dec 03, 2012 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Dollar cost average" a conversion to Roth IRA?
Replies: 7
Views: 813

Re: Rollover 401k to Vanguard IRA via wire transfer?

Here's a final update for posterity: I called Vanguard Concierge Services and asked them to call Schwab with me to have the 401k assets wired to my Vanguard IRA. They did a conference call with Schwab and provided them with the wiring instructions. There was a bit of consternation when the data entr...
by MrBrainwash
Mon Dec 03, 2012 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover 401k to Vanguard IRA via wire transfer?
Replies: 15
Views: 1907

Re: Rollover 401k to Vanguard IRA via wire transfer?

I sent an email to Vanguard, which was replied to by Concierge Services, stating that Vanguard will accept a wire transfer for a 401k rollover to a Vanguard IRA. I have not yet done the rollover, but I'm planning to do it soon. I will post an update on how it goes. Here is the full message from Vang...
by MrBrainwash
Sat Nov 24, 2012 5:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover 401k to Vanguard IRA via wire transfer?
Replies: 15
Views: 1907

Re: Rollover 401k to Vanguard IRA via wire transfer?

The page clearly indicates a wire transfer is acceptable for a direct rollover. This would be a direct rollover. Did the rep clearly understand that? I didn't mention the web page, because I'm not sure how to get to that page from the Vanguard site. I only found it through a Google search, so it's ...
by MrBrainwash
Tue Nov 20, 2012 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover 401k to Vanguard IRA via wire transfer?
Replies: 15
Views: 1907

Rollover 401k to Vanguard IRA via wire transfer?

I have a 401k from a previous employer, held at Schwab. I would like to roll it over to an IRA at Vanguard. I went through the Vanguard account creation process on the web, and have created a Rollover IRA at Vanguard. Schwab will either mail me a check or do the rollover via wire transfer. Will Vang...
by MrBrainwash
Tue Nov 20, 2012 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover 401k to Vanguard IRA via wire transfer?
Replies: 15
Views: 1907

Re: 401k to Roth Conversion, Partial Distribution Not Allowe

It matters if you have basis from non deductible contributions in your non Roth IRAs, but if the entire balance is pre tax then having other non Roth IRA accounts is not a factor. Got it. I guess the biggest downside of my plan is that if I don't convert everything to a Roth IRA, then I won't be ab...
by MrBrainwash
Sat Nov 03, 2012 9:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k to Roth Conversion, Partial Distribution Not Allowed
Replies: 5
Views: 369

Re: 401k to Roth Conversion, Partial Distribution Not Allowe

Yes. That's what I would do. Remember that other IRA money (traditional, SIMPLE, SEP) would be involved in the calculations too. Thanks. I only have a Roth IRA right now, so other IRA money won't come into play. When you say that other IRA money would be involved in the calculations, are you referr...
by MrBrainwash
Sat Nov 03, 2012 6:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k to Roth Conversion, Partial Distribution Not Allowed
Replies: 5
Views: 369

401k to Roth Conversion, Partial Distribution Not Allowed

I have $150K in my former employer's 401k plan. This year, I will have a low income, since I am starting a new business and not yet taking a salary. I would like to take advantage of this situation by converting part of my 401k to my Roth IRA (at least enough to fill up the 15% tax bracket). The pla...
by MrBrainwash
Sat Nov 03, 2012 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k to Roth Conversion, Partial Distribution Not Allowed
Replies: 5
Views: 369

Re: Convince me to hold bonds in my retirement portfolio

Thanks for the replies everyone, especially englishgirl. I know volatility can be difficult to handle, but I'm confident that I have the right temperament to deal with it. (I was 100% equities in 2008-09 and didn't panic. In fact, I was chomping at the bit to buy more equities at bargain prices.) An...
by MrBrainwash
Thu Aug 02, 2012 9:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convince me to hold bonds in my retirement portfolio
Replies: 16
Views: 2885

Convince me to hold bonds in my retirement portfolio

I'm 30 years old and my retirement portfolio (split across a 401k and a Roth IRA) is currently 100% equities + REITs. Now, I've read the research that shows higher returns and lower volatility when you add bonds to your portfolio. So I've been thinking about moving my allocation to 10% bonds, but I'...
by MrBrainwash
Thu Aug 02, 2012 1:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Convince me to hold bonds in my retirement portfolio
Replies: 16
Views: 2885

Re: talk me out of buying an individual stock (Facebook)

Nowhere in your discussion of why you want to buy Facebook did you talk about your estimate of the underlying value of Facebook equity as compared to the current price. FB closed today at $23.71. Two weeks ago it closed at $30.72. You seem to really like Facebook as advertising platform, and I assum...
by MrBrainwash
Fri Jul 27, 2012 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: talk me out of buying an individual stock (Facebook)
Replies: 109
Views: 13897

Re: Renting in Silicon Vallley

I live in Sunnyvale. Sunnyvale is generally a bit less expensive than Cupertino and Mountain View. Cupertino has desirable public schools, so people pay more to live in that school district, but I don't have kids, so I don't care about that. I am renting a single family home from a private landlord....
by MrBrainwash
Mon May 07, 2012 6:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting in Silicon Vallley
Replies: 13
Views: 730

Re: How much would you commute to get cheaper housing?

Any commute longer than about 20 minutes is too long for me. If my commute was going to be longer than that, I'd move or find a different job. In Kahneman, Krueger, Schkade, Schwarz and Stone (2003) Measuring the quality of life, the authors found that among a sample of 1000 employed women that sex ...
by MrBrainwash
Sat Mar 17, 2012 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much would you commute to get cheaper housing?
Replies: 90
Views: 4484

New American Dream is renting to get rich - Reuters

http://www.reuters.com/article/2012/02/15/us-housing-americandream-idUSTRE81E1LG20120215 "It's the American Dream to own a home, but whoever said that didn't do the analysis on it," says Arzaga, knowing he's taking a contrarian stance to conventional wisdom. Examining 250 properties around...
by MrBrainwash
Fri Feb 17, 2012 4:08 pm
 
Forum: Investing - Theory, News & General
Topic: New American Dream is renting to get rich - Reuters
Replies: 162
Views: 10029

Re: Budgeting not going so well

If you think he should gamble with 10% of his portfolio in Apple because it's a good company, then everyone on the forum should gamble by putting 10% of their portfolio in Apple. At least we don't work there, making its performance also correlated to bonuses/raises/not getting fired. That's a fair ...
by MrBrainwash
Mon Feb 06, 2012 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Budgeting not going so well
Replies: 138
Views: 7016

Re: Budgeting not going so well

It's definitely gambling given the OP probably doesn't have much of an investment portfolio at this time. Keeping all the ESPP shares would make it a huge portion of his portfolio, IMO. Yes, but if the ESPP shares went to 0 and it had no impact on your standard of living and your financial position...
by MrBrainwash
Mon Feb 06, 2012 6:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Budgeting not going so well
Replies: 138
Views: 7016

Re: Budgeting not going so well

My 2 cents on some of the comments in this thread: 1. Do not buy a house. You're 22, it will tie you down, housing in the Bay Area is overpriced (by looking at rent to own ratios). 2. I'm going to disagree with the advice to sell your ESPP shares right away. Now, I am extremely biased, because I wor...
by MrBrainwash
Mon Feb 06, 2012 5:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Budgeting not going so well
Replies: 138
Views: 7016

Re: Retirement Portfolio AA

I wish my 401k had exposure to emerging markets and (cheap) exposure to small value.... Ok, this is beginning to sound like whining. :lol: You've got one of the best plans offered and you complain that it only has Vanguard Small Cap Index available? Seriously, until you have a 401k or something sim...
by MrBrainwash
Mon Feb 06, 2012 3:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio AA
Replies: 30
Views: 1628

Re: Retirement Portfolio AA

One thing to consider about rolling over the 401k is that it will affect potential future backdoor Roth contributions. If it's likely that you'll exceed the Roth contribution limit in the future, keeping the 401k is more desirable, especially since it has some excellent investment options. That's a...
by MrBrainwash
Sun Feb 05, 2012 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio AA
Replies: 30
Views: 1628

Re: Retirement Portfolio AA

You can't roll your 401 into an IRA while you are still working. The 401k is at an employer that I no longer work for (I recently left to start my own business). So I think I could roll it into an IRA. Now that I no longer work at my former employer, I'm being charged $20 / year to stay in the 401k...
by MrBrainwash
Sun Feb 05, 2012 4:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio AA
Replies: 30
Views: 1628

Re: Retirement Portfolio AA

Note that Vanguard includes 10% bonds in all of its long-dated Target Retirement funds. I believe many who frequent this forum think 20% might be a better minimum. Hmm... that's interesting. My intuition when I see a 90/10 portfolio is that with only 10% in bonds, how much of an impact can they rea...
by MrBrainwash
Sun Feb 05, 2012 8:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio AA
Replies: 30
Views: 1628

Re: Advisor Service for Managing Parents' Portfolio?

Have you checked out Vanguard's Asset Management Services? If your parents have assets of $500,000 or more, it might be worth looking into. They can apparently do video conferencing and document sharing which could be a plus since you have not found an advisor you like in your parents' small town. ...
by MrBrainwash
Sat Feb 04, 2012 5:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advisor Service for Managing Parents' Portfolio?
Replies: 17
Views: 856

Re: Retirement Portfolio AA

Why does it seem that almost all the people requesting advice that start with 100% equities are young? Is it that they are enthusiastic, gunslingers, optimistic, uniformed, wise, experienced, macho??? I assume it is because 100% equities is only appropriate for investors with a very long time horiz...
by MrBrainwash
Sat Feb 04, 2012 5:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio AA
Replies: 30
Views: 1628

Re: Advisor Service for Managing Parents' Portfolio?

Two points: 1. Personally, I like the "insurance" of having an investment advisor who can take care of my family's finances should something happen to me. 2. LadyGeek is 100% correct. Ultimately, you are the ONE person who has their best interests at heart. But these two do not have to be...
by MrBrainwash
Sat Feb 04, 2012 3:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Advisor Service for Managing Parents' Portfolio?
Replies: 17
Views: 856

Re: Advisor Service for Managing Parents' Portfolio?

The only answer I have is one that you don't want to hear and I don't know how to phrase this any better. There is no one who can act in your parent's best interest other than yourself. I'm also the only sibling who is competent and trusted by my parents to take care of them. Your main reason for n...
by MrBrainwash
Sat Feb 04, 2012 12:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Advisor Service for Managing Parents' Portfolio?
Replies: 17
Views: 856

Re: Advisor Service for Managing Parents' Portfolio?

Three of my grandparents have died in the past 5 years, and as a result they have inherited a number of accounts. Were any of those accounts IRAs? http://www.forbes.com/sites/advisor/2011/06/28/7-mistakes-with-stretch-iras/ Yes, some of them were IRAs. I read up on the stretch IRA rules and asked m...
by MrBrainwash
Fri Feb 03, 2012 11:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advisor Service for Managing Parents' Portfolio?
Replies: 17
Views: 856

Re: Advisor Service for Managing Parents' Portfolio?

You haven't addressed a major point here. Do they want you to help them? If not, just let things be and walk away. I'm managing my parent's finances because they requested me to help. We went to an elder law attorney and I have all the legal documentation necessary to take full control if the need ...
by MrBrainwash
Fri Feb 03, 2012 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advisor Service for Managing Parents' Portfolio?
Replies: 17
Views: 856

Re: Advisor Service for Managing Parents' Portfolio?

Thanks for the reply, Sammy. The services you describe don't seem that complicated. One inexpensive option is The Vanguard Financial Plan and their "Ask a CFP® professional" program for guidance on particular financial issues as they arise. Just be cautious about them potentially telling y...
by MrBrainwash
Fri Feb 03, 2012 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advisor Service for Managing Parents' Portfolio?
Replies: 17
Views: 856

Re: Retirement Portfolio AA

I have a high tolerance for risk and wish to be aggressive. Most everyone thinks this until they face it. If you have no history of facing a crash, you might be in for a rude awakening. Since you have 6 figures, you might have gone through the last crash. Or maybe not. I went through the last crash...
by MrBrainwash
Fri Feb 03, 2012 6:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio AA
Replies: 30
Views: 1628

Retirement Portfolio AA

I have never written down an asset allocation for my retirement portfolio and have decided that it is time to do so. The following is my proposed AA, does it seem reasonable? My desire is to be at 100% equities. I don't plan to withdraw any funds for at least 40 years. I have a high tolerance for ri...
by MrBrainwash
Fri Feb 03, 2012 5:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio AA
Replies: 30
Views: 1628

Advisor Service for Managing Parents' Portfolio?

I am trying to help my parents with their portfolio. Right now it is a mess. When I was home for Christmas, I had to explain to them what an index fund was, so that's their level of knowledge. Furthermore, they have 12-15 different accounts, including both tax-advantaged and taxable accounts. These ...
by MrBrainwash
Fri Feb 03, 2012 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advisor Service for Managing Parents' Portfolio?
Replies: 17
Views: 856

Re: Advice for young entrepreneur with highly variable incom

With no income, how much of that old 401(k) are you converting to your Roth IRA annually at your very low tax-rate? I didn't know that was possible. I thought I could only rollover the 401(k) to a traditional IRA. That sounds like a great idea. I will have to investigate how to do it. With that lar...
by MrBrainwash
Thu Feb 02, 2012 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for young entrepreneur with highly variable income?
Replies: 8
Views: 742

Re: Advice for young entrepreneur with highly variable incom

This is a pretty serious concentration risk. If you are sure that you want to hold these for now, consider buying puts to protect against downward risk - this is one case where options can sometimes make sense. That is a good point. I know little about options since I've always viewed them as un-Bo...
by MrBrainwash
Thu Feb 02, 2012 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for young entrepreneur with highly variable income?
Replies: 8
Views: 742

Re: Will you be investing in the Facebook IPO?

Speculation is that Facebook's valuation will be $100B. Let's assume that you get in at the IPO price (you won't) and that everything goes perfectly for Facebook (it won't), and Facebook becomes as valuable as Apple. Apple's market cap is $425B. In that case you'll make a return of 325% over some pe...
by MrBrainwash
Thu Feb 02, 2012 3:54 am
 
Forum: Investing - Theory, News & General
Topic: Will you be investing in the Facebook IPO?
Replies: 67
Views: 7870

Re: Motley Fool Stock Advisor

Last time I checked, the Motley Fool newsletters all had a 30-day money back guarantee, so you could sign up, download all of the back issues (and the current issue) and then cancel, paying nothing. I did exactly this a few years ago. It was fun to read some of the newsletters, but not fun enough to...
by MrBrainwash
Thu Feb 02, 2012 3:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Motley Fool Stock Advisor
Replies: 21
Views: 3685

Re: Advice for young entrepreneur with highly variable incom

Thanks for your thoughts. You make a good point about the 0% capital gains rate. I may quality for that, and if so, I should take advantage of it. I already maxed out my I Bond purchases for this year. Why do you recommend intermediate/long-term tax-exempt funds? I was under the impression that if t...
by MrBrainwash
Thu Feb 02, 2012 3:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice for young entrepreneur with highly variable income?
Replies: 8
Views: 742

Ridiculous CNBC Report on ETFs and Index Investing

Saw this on CNBC this morning. It was in a segment about investing for retirement. Starting at about 0:40: http://video.cnbc.com/gallery/?video=3000070566 CNBC Reporter Sharon Epperson: "But they said that you need to be wary about ETFs that are based on a broad market index." Doug Lockwoo...
by MrBrainwash
Tue Jan 31, 2012 5:41 pm
 
Forum: Investing - Theory, News & General
Topic: Ridiculous CNBC Report on ETFs and Index Investing
Replies: 29
Views: 2760

Advice for young entrepreneur with highly variable income?

I'm 29 years old and have no debt. I worked for a large tech company after graduating from college and recently quit my job to start a company of my own. I have a 6 figure sum to invest and am trying to figure out what is appropriate given my current situation. I have a 401k and a Roth IRA, and I'm ...
by MrBrainwash
Tue Jan 31, 2012 1:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice for young entrepreneur with highly variable income?
Replies: 8
Views: 742

Return to advanced search