Search found 172 matches

Return to advanced search

Re: Roth TSP vs. TSP Contributions

seems to be an easy choice for me since this money (tsp contributions) would be taxed at -25% federal -9.3% state If I picked the Roth instead of traditional. But if some/all of the tsp money was in the 15% federal bracket and/or my state had a lower income tax it would be a more interesting decision.
by Paul78
Wed Mar 04, 2015 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth TSP vs. TSP Contributions
Replies: 15
Views: 1075

Re: What age do you guys plan to retire?

Currently 26 planned age 57 Financially speaking I will most likely hit my "number" 2-5 years sooner. But in order to maintain the option of keeping my health insurance (both during the period before medicare kicks in and in addition to medicare once I am 65). So depending on where health ...
by Paul78
Tue Feb 24, 2015 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age do you guys plan to retire?
Replies: 143
Views: 8597

Re: Early rental lease termination - what is reasonable?

RM[/quote] Most tenants/landlords don't know this but at least in California this is true. If a tenant moves out, the landlord has to make a good faith effort to find new tenants otherwise the old tenants are on the hook for the entire amount (or at least until they can get it rented out). [/quote] ...
by Paul78
Wed Feb 18, 2015 2:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Early rental lease termination - what is reasonable?
Replies: 20
Views: 1139

Re: I'm not a bad Boglehead [buying Powerball ticket]

No more so than someone is a bad boglehead for eating out, having internet, having cable, ect. That is as long as you consider it entertainment not a retirement vehicle (many many people claim buying lotto tickets/winning is their retirement plan). It is just part of your "instant" gratifi...
by Paul78
Sun Feb 15, 2015 11:27 am
 
Forum: Personal Consumer Issues
Topic: I'm not a bad Boglehead [buying Powerball ticket]
Replies: 101
Views: 6158

Re: What is the BH consensus on international bonds?

I have some international bonds but I do not count them under my "bond" allocation considering the risk.

100% of my bond allocation is in the g-fund. It is currently 20% of my portfolio and it will be increased to 25% by the end of the year (or sooner if the market has a significant drop).
by Paul78
Sun Feb 15, 2015 10:54 am
 
Forum: Investing - Theory, News & General
Topic: What is the BH consensus on international bonds?
Replies: 54
Views: 3750

Re: down payment for home tsp loan or withdrawing from taxab

I agree with dm200. Although we often talk about taxes on this board, taxes shouldn't wag the proverbial "financial decision" dog In many cases. Saving on taxes can't always be the highest priority, and in this case, I don't think it should be. Generally, if you are going to need money in...
by Paul78
Mon Feb 09, 2015 6:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: down payment for home tsp loan or withdrawing from taxable
Replies: 5
Views: 289

Re: down payment for home tsp loan or withdrawing from taxab

Yes (In MY Opinion) - The other disadvantage (as I view it) is that you lose the gains (or potential gains) on the "loan" amount. A TSP (or 401k) "Loan" is really NOT an actual loan. Nobody is "lending" anything. When you "borrow" that $50,000 from the TSP, th...
by Paul78
Mon Feb 09, 2015 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: down payment for home tsp loan or withdrawing from taxable
Replies: 5
Views: 289

down payment for home tsp loan or withdrawing from taxable

I understand, generally speaking, you do not want to "rob" your retirement accounts to fund a housing down payment. But at the same time I do not wish to have 100k sitting in a bank account or very low risk investments when I am waiting to see if I will ever buy a house. Personally I would...
by Paul78
Mon Feb 09, 2015 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: down payment for home tsp loan or withdrawing from taxable
Replies: 5
Views: 289

Re: Found $100 Bill at Walmart

I think you did the correct thing. As a thought experiment, would you (or I) have done the same thing if it was $1? $5? $10? $20? When does it cross the line for you? Interesting to think about. Jerry That's a great question. I'm sensing an interesting poll in the works! I can't imagine that if it ...
by Paul78
Sun Feb 08, 2015 12:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 11784

Re: Found $100 Bill at Walmart

I probably would wait a bit to see if anyone returned in a panic mode (for most people, even with a good income, dropping $100 is at least somewhat of a "big" deal). If not I would just keep it given the low probability of however lost it ever getting it back. You have just as much of &quo...
by Paul78
Fri Feb 06, 2015 8:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 11784

Re: Perspectives on house with a pool

To me it is something you want far more when you don't have then when you actually do have it. When I was a little kid one of the best parts of traveling was the hotel/motel pools (either outdoor or indoor) and hotel/motel cable tv (at home we just had local stations). Then we moved to California an...
by Paul78
Wed Jan 28, 2015 12:27 pm
 
Forum: Personal Consumer Issues
Topic: Perspectives on house with a pool
Replies: 34
Views: 2808

Re: What is a good rule of thumb on savings vs salary?

my goal is 30% of my gross thus far after 3.5 years of working 33% in retirement accounts (taxable, hsa, roth ira, tsp) 27% in deductions (anything non retirement coming out of my check- fed tax, state tax, health insurance premiums, SS, medicare) 40% in living expenses (car insurance, rent, food, i...
by Paul78
Sun Jan 18, 2015 7:49 am
 
Forum: Investing - Help with Personal Investments
Topic: What is a good rule of thumb on savings vs salary?
Replies: 20
Views: 3427

Re: Is a Sub-4% SWR a Boglehead Quirk?

Wow, I'm having trouble communicating effectively today. I didn't mean to imply that suicide was a potential solution. I'm just trying to point out that, if you believe the statistics, such a person might have a 15% chance of running out of money at age 90, but they would also have a 50% chance of ...
by Paul78
Sat Jan 10, 2015 11:15 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10800

Re: Is a Sub-4% SWR a Boglehead Quirk?

Most of us who frequent this site will likely have a retirement with some luxuries which can be cut back if need be. In the worst case, social security in the last years would not be the end of the world. Yes It is not like you are going to withdraw 4% a year and go from having many years and a dec...
by Paul78
Sat Jan 10, 2015 8:33 pm
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10800

Re: when do you start focusing on your retirement "number"

I developed a spreadsheet of projections when I was mid-30s (but I am a finance geek, so it is fun for me). That spreadsheet makes various assumptions about savings rates, expenses, portfolio growth, etc., and gives me a sense of how much the portfolio might grow, which influences how much I would ...
by Paul78
Mon Dec 29, 2014 2:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: when do you start focusing on your retirement "number"
Replies: 34
Views: 3500

Re: Should I Cancel My Life Insurance?

adv-rider wrote:
HIinvestor wrote:How much does your premium increase for that coverage when you turn 63?

After the level term expires the rate becomes ridiculous. . . like $17,0000 a year.


hope you mean 17,000
by Paul78
Sat Dec 27, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Life Insurance?
Replies: 61
Views: 4669

backdoor roth ira and ira conversion to roth ira

I current have a small amount of money in a traditional ira (less than 20k it was a mostly a rollover from a 401k account from a previous employer). My plan is to convert my traditional ira to my roth ira on Jan 1st. I understand tax wise it is not necessarily the best move (I live in a high income ...
by Paul78
Sat Dec 27, 2014 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: backdoor roth ira and ira conversion to roth ira
Replies: 1
Views: 228

Re: Should I Cancel My Life Insurance?

why not leave it up to the kids? If your spouse is covered financially and the kids are already grown/earning income let them decide if they want the policy to stay intact. If yes they can pay the premiums if no then drop the policy. I would assume you would not leave 100% of the life insurance to t...
by Paul78
Sat Dec 27, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Life Insurance?
Replies: 61
Views: 4669

Re: when do you start focusing on your retirement "number"

supersharpie wrote:FYI, the tsp max is 18k in 2015.


Yeah I was just using the 2014 max. My goal is to always contribute the max to the tsp, roth ira, and hsa every year.
by Paul78
Sat Dec 27, 2014 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: when do you start focusing on your retirement "number"
Replies: 34
Views: 3500

Re: when do you start focusing on your retirement "number"

Retirement is not a game with a number on a scoreboard. I don't even like that "winning the game" metaphor some people talk about. "You too can be a winner at the game of life." http://www.amazon.com/The-Game-Life-Electronic-Banking/dp/B00EDBZ9GW I was more talking about life be...
by Paul78
Sat Dec 27, 2014 11:26 am
 
Forum: Investing - Help with Personal Investments
Topic: when do you start focusing on your retirement "number"
Replies: 34
Views: 3500

Re: when do you start focusing on your retirement "number"

I think doing that before you are in your 50s is pretty premature. Just do the simple BH stuff: LBYM, savings before spending, maximize retirement savings options and you should be okay by the time you are really ready to ponder "the number". Maybe you'll overshoot, but enjoy the ride alo...
by Paul78
Sat Dec 27, 2014 11:04 am
 
Forum: Investing - Help with Personal Investments
Topic: when do you start focusing on your retirement "number"
Replies: 34
Views: 3500

when do you start focusing on your retirement "number"

as oppose to just concerning yourself with contributions? Currently in my late 20's I am far more concerned about meeting my contribution marks instead of market performance or my total retirement number. As long as I max out my tsp, roth ira, and hsa I am satisfied with my year. Barring any extreme...
by Paul78
Sat Dec 27, 2014 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: when do you start focusing on your retirement "number"
Replies: 34
Views: 3500

Re: What price are you planning to pay for your next car?

I would get the 35-50k range But the is 9-14 years away (currently have a 1 yo car with 5k miles). My plan is to buy a "nice" car every 10-15 years. Yes, nice is relative (ie the car I just bought was under 40k- very nice car compared to the 15 yo 250k mini van I was driving and "nice...
by Paul78
Sat Dec 27, 2014 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: What price are you planning to pay for your next car?
Replies: 91
Views: 7053

Re: High(ish) earner; spending too much?

come on he is saving 30% that is good enough. As long as he is willing to adjust and live a "lesser" lifestyle if necessary. If he becomes disabled, fired, takes a huge pay cut, decides he wants to retire in five years, ect. But at the moment he is making the money, enjoying work, and savi...
by Paul78
Mon Dec 08, 2014 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 71
Views: 9269

Re: CapitalOne360 won't give me an ATM-only card?

I can see them having no "ATM-only" card but not being able to change the daily limit does not make sense to me. I know they have a base limit but in general you are able to adjust that. For example before I bought my car I called the bank and increased my daily debt car limit to greater t...
by Paul78
Tue Nov 25, 2014 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: CapitalOne360 won't give me an ATM-only card?
Replies: 22
Views: 1900

Re: Aetna HDHP or GEHA HDHP (federal employee)

I went with the Aetna HDHP (just the self plan not family) over the GEHA. My only assured expenses are about $450 a year in prescription medications. When it comes just to money -Aetna is better in the case of a catastrophic outcome. If nothing happens at all or I just spend equal to or less than th...
by Paul78
Sun Nov 16, 2014 7:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Aetna HDHP or GEHA HDHP (federal employee)
Replies: 46
Views: 3933

Re: Your favorite classic toys for kids

Nothing fancy..... ....Chutes & Ladders... This is very sad: the current edition of "Chutes & Ladders" is awful. I don't know how they could ruin such a simple idea, but they did. The basic problems are, first of all, the game board seems to have been designed by someone who likes...
by Paul78
Wed Nov 12, 2014 5:00 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 5624

Re: Your favorite classic toys for kids

Hoot-Nanny No. 1 Google it if you don't know what it was. It was a favorite toy of this 77 year old. I had something similar (I am only in my twenties so no it was not the original) when I was young. I really think parents should use this "basic" toys first before advancing to modern toys...
by Paul78
Wed Nov 12, 2014 4:33 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 5624

Re: $50,000 in Private Loans for Nursing Degree

Which state are you in? In my area nurses start at around $20 and hour and seems to keep dropping. They can make closer to $30 if they are willing to do nights and weekends but that isn't ideal when you're trying to raise kids. At least it wasn't for my family as I'm gone at least 60hrs a week when...
by Paul78
Mon Oct 27, 2014 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: $50,000 in Private Loans for Nursing Degree
Replies: 34
Views: 3427

Re: $50,000 in Private Loans for Nursing Degree

lululu wrote:
Paul78 wrote:
lululu wrote:
Jack FFR1846 wrote:
.


She has recent education in the field.



Taking a couple of classes hardly counts as "experience". It does show initiative but still means there is a 14 year gap since her last real work experience.
by Paul78
Mon Oct 27, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: $50,000 in Private Loans for Nursing Degree
Replies: 34
Views: 3427

Re: $50,000 in Private Loans for Nursing Degree

lululu wrote:
Paul78 wrote:
lululu wrote:
Jack FFR1846 wrote:
.


She has recent education in the field.



Taking a couple of classes hardly counts as "experience". It does show initiative but still means there is a 14 year gap since her last real work experience.
by Paul78
Mon Oct 27, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: $50,000 in Private Loans for Nursing Degree
Replies: 34
Views: 3427

Re: $50,000 in Private Loans for Nursing Degree

Have you tried volunteering? ps - I'd be wary of buying into the notion of "the nursing shortage" too much. There has been a proliferation of nursing schools and hence graduates in the last few years and there appears to be no shortage from my perspective at least. It's much the same in p...
by Paul78
Mon Oct 27, 2014 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: $50,000 in Private Loans for Nursing Degree
Replies: 34
Views: 3427

Re: $50,000 in Private Loans for Nursing Degree

I say it is worth it if you want to be in nursing. If you just enter nursing for the pay raise (no actual want to be in nursing) it will be hard to last. Lets just say you start at 50k a year and have 50k debt -That still does not seem like a terrible situation. Many people leave college and enter a...
by Paul78
Sun Oct 26, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: $50,000 in Private Loans for Nursing Degree
Replies: 34
Views: 3427

Re: $50,000 in Private Loans for Nursing Degree

My wife has been out of the market for 14 years taking care of kids. After $5k worth of refresher courses at BU, there are zero offers. It's far harder finding a job than you might think. Perhaps there are nursing home opennings, but those are low paying. Other areas could be hiring and creating op...
by Paul78
Sun Oct 26, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: $50,000 in Private Loans for Nursing Degree
Replies: 34
Views: 3427

Re: Medical Tourism - recent article

I hope I can maintain medical insurance so that this will not be necessary. The article did not discuss the most legitimate (and troubling) reason for medical tourism- lack of good medical insurance. I am insured but by choice have a high deductible plan. Yet my family does get medical care oversea...
by Paul78
Sun Oct 05, 2014 1:55 pm
 
Forum: Personal Consumer Issues
Topic: Medical Tourism - recent article
Replies: 21
Views: 1958

Re: Can You Build Your Retirement Portfolio Young, then Coas

I am doing a very scaled back version of this at the moment. Working an off tour (10% pay increase), working weekends (10% pay increase), and working OT. This lets me say and extra 10-20k in taxable accounts a year. I figure by contributing an extra 50-100k before I turn 30 will go a long way. Then ...
by Paul78
Tue Sep 16, 2014 3:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can You Build Your Retirement Portfolio Young, then Coast?
Replies: 58
Views: 7573

Re: Any success stories of ppl who never made >$50,000?

Really this would seem very possible if you had (had cause the number of these jobs seem to decrease) a job where you can get a pension of 100% after 25-40 years (depending on the specific situation). Start some government job sometime between 18-22, build your way up the ladder (not the top of the ...
by Paul78
Tue Sep 16, 2014 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 10542

Re: Why invest in bonds?

If you are willing to assume that (1) There won't be another crash in the next 5 years , and that (2) The next crash will be no deeper than 50% then it appears safe to put all your money in stocks, Have fun. BTW, you can have whatever opinion you'd like, but I can tell you that even if there is not...
by Paul78
Sun Aug 31, 2014 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: Why invest in bonds?
Replies: 103
Views: 7125

Re: Do you take all of your allowed paid vacation time?

I get the equivalent of 312 hours of PTO a year two different pots 104 hours of SL per year with no maximum carryover (ie you could have 2000 hours stocked up if you worked a little over 19 years without calling in SL once) 208 hours of AL per year with a max carry over of 685 hours at the end of th...
by Paul78
Fri Aug 22, 2014 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you take all of your allowed paid vacation time?
Replies: 88
Views: 6559

Re: Savings Percentage [rules of thumb]

Mine is pretty simple spend a third give a third to the government put a third in retirement accounts In terms of income I am in a pretty simple zone. I can easily max out my 17.5k TSP, 5.5k roth ira, 3.3k HSA (may or may not end up being for retirement). But after I max all those out I really only ...
by Paul78
Tue Aug 19, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage [rules of thumb]
Replies: 49
Views: 5879

Re: gifting money, and smoking

1. The conversation about quitting smoking should not be involved in this situation. This situation is about helping them out in their current financial jam. 2. You are doing ok for yourself financial (at the very least you have a job, some savings, and are able to provide your basic needs). Living ...
by Paul78
Tue Aug 19, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: gifting money, and smoking
Replies: 30
Views: 2613

Re: gifting money, and smoking

Have you asked your parents in the past to quit smoking? Have your parents tried to quit smoking on their own? If yes, what has triggered their resumption of the habit? Would you consider paying for their smoking cessation courses? Victoria My step dad smokes. My mother does not. He tried quitting ...
by Paul78
Tue Aug 19, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: gifting money, and smoking
Replies: 30
Views: 2613

Re: Made too much money (roth ira contribution)

- convert the entire $6,000 back to the roth IRA. For practical purposes the $5,500 contribution is not tax but the $500 earnings IS taxed. It doesn't have to be taxed as you need to roll other IRA amounts to the TSP you can just roll the 500 bucks of earnings too. So I can just recharacterize the ...
by Paul78
Tue Jul 15, 2014 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made too much money (roth ira contribution)
Replies: 19
Views: 1899

Re: Made too much money (roth ira contribution)

- convert the entire $6,000 back to the roth IRA. For practical purposes the $5,500 contribution is not tax but the $500 earnings IS taxed. It doesn't have to be taxed as you need to roll other IRA amounts to the TSP you can just roll the 500 bucks of earnings too. So I can just recharacterize the ...
by Paul78
Tue Jul 15, 2014 7:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Made too much money (roth ira contribution)
Replies: 19
Views: 1899

Re: Made too much money (roth ira contribution)

Do your projections for MAGI include the Traditional TSP tax deduction assuming you're making Traditional TSP contributions? Traditional TSP contributions reduce AGI and MAGI (for Roth IRA purposes). Roth TSP contributions do not reduce AGI and MAGI (for Roth IRA purposes). accounting for $17,500 i...
by Paul78
Mon Jul 14, 2014 7:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made too much money (roth ira contribution)
Replies: 19
Views: 1899

Re: Made too much money (roth ira contribution)

Do you have any moves before year end that you can make to reduce your AGI and MAGI to help stay under that 114K MAGI ? If you're contributing to Roth TSP, maybe switch to Traditional TSP. Have you maxed out HSA contributions if you have HSA eligible High Deductible Health Plan (HDHP)? Don't work a...
by Paul78
Mon Jul 14, 2014 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made too much money (roth ira contribution)
Replies: 19
Views: 1899

Re: Made too much money (roth ira contribution)

Even though the amount I will recharacterize will be above the $5,500 (accounting for earnings)? So I could just convert the total amount, say $6,000, to the Roth via a rollover? That does make it much simpler (guessing for some reason I thought after the recharacterization I could only rollover a ...
by Paul78
Mon Jul 14, 2014 7:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made too much money (roth ira contribution)
Replies: 19
Views: 1899

Re: Made too much money (roth ira contribution)

Do you have any moves before year end that you can make to reduce your AGI and MAGI to help stay under that 114K MAGI ? If you're contributing to Roth TSP, maybe switch to Traditional TSP. Have you maxed out HSA contributions if you have HSA eligible High Deductible Health Plan (HDHP)? Don't work a...
by Paul78
Mon Jul 14, 2014 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made too much money (roth ira contribution)
Replies: 19
Views: 1899

Re: Made too much money (roth ira contribution)

Or alternatively could I just withdraw whatever amount of my $5,500 contribution is not eligible for the roth ira and just pay the 10% early withdrawal fee? It is possible I could only slightly be in the phase out range (ie maybe $117,000) and in that case it might just be better to have ALL my ira...
by Paul78
Mon Jul 14, 2014 6:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made too much money (roth ira contribution)
Replies: 19
Views: 1899

Re: Made too much money (roth ira contribution)

Yes, you can recharacterize the Roth contribution to a traditional, partial or full, then convert it back to a Roth. You can recharacterize by tax filing deadline including extensions, so yes, you could wait, which would be advantageous if can do partial recharacterization and if any earnings, sinc...
by Paul78
Mon Jul 14, 2014 6:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made too much money (roth ira contribution)
Replies: 19
Views: 1899
Next

Return to advanced search