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Re: Quick Backdoor Roth Question

Ah ok. A little tax spanking for the mistake.

Thanks for the input.
by Rolyatroba
Tue Nov 18, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quick Backdoor Roth Question
Replies: 2
Views: 299

Quick Backdoor Roth Question

I have an IRA account at VG which is funded exclusively with after tax dollars. And yesterday, I just moved all funds from a Schwab IRA--the only other IRA I have--into a Schwab Individual 401k account (ostensibly to avoid the "pro-rata" rule). With that in mind, I am wondering if I have t...
by Rolyatroba
Tue Nov 18, 2014 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Quick Backdoor Roth Question
Replies: 2
Views: 299

Re: Help with Property Development

123 - There are a couple of reasons to not just take the money and run (these were previously unmentioned since it was already such a long post): 1 - While I am retired now (mostly), my wife wants to work until we move back, so I'll have a lot of time to work on this, and if I plan it right I can ha...
by Rolyatroba
Fri Nov 14, 2014 11:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Help with Property Development
Replies: 3
Views: 340

Help with Property Development

I live in Idaho, and am hoping to redevelop our Sunnyvale, California property prior to returning there when our kids go off to college. Doing this in some fashion should (if done right) add a significant amount to our nest egg. The possible approaches to this seem almost endless, as do the various ...
by Rolyatroba
Thu Nov 13, 2014 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Property Development
Replies: 3
Views: 340

Re: Made a huge mistake, need help

Studying up on this, like others mentioned, is a good thing. But if you're not up to doing that, and just want advice for something simple and low maintenance, the below is what I'd recommend. Open a Vanguard account, and ask them for help in getting the assets transferred from WF (may require a red...
by Rolyatroba
Sun Nov 09, 2014 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made a huge mistake, need help
Replies: 50
Views: 9418

Re: Get some Exercise!

Most importantly, make sure whatever you do is fun for you. What about for those folks, like me, who can no longer find a workout that is fun? That wasn't a problem for the last 20 years since I was a competitive Master's cyclist. But I've hung up my wheels, and even mountain biking isn't as fun as...
by Rolyatroba
Fri Oct 03, 2014 12:49 pm
 
Forum: Personal Consumer Issues
Topic: Get some Exercise!
Replies: 23
Views: 2534

Re: Help with Backdoor Roth

...have you considered that the stock markets could go down before the end of the year and your $12K contributions could buy more shares in January? Certainly, time has a nice compounding effect, but the "simplicity" of the contributions and conversions next year seem more important to me...
by Rolyatroba
Thu Sep 11, 2014 5:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Backdoor Roth
Replies: 32
Views: 1508

Re: Help with Backdoor Roth

Your next move is to find out how to un-do the contributions for this year. Thanks...already recharacterized with VG earlier today. Tomorrow, the Roth balances should be transferred to the traditional IRA accounts. Also you recommended to transfers IRAs to 401ks this year but wait until next year t...
by Rolyatroba
Thu Sep 11, 2014 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Backdoor Roth
Replies: 32
Views: 1508

Re: Help with Backdoor Roth

We are grappling with the same decision. However you would continue to gain during retirement if the Roth continues to grow, since I don't believe you have to take RMDs out of that. I also think you can continue to contribute to it until age 70 at least. Please correct me if I am wrong. I am not 10...
by Rolyatroba
Thu Sep 11, 2014 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Backdoor Roth
Replies: 32
Views: 1508

Re: Help with Backdoor Roth

glosing wrote:Umm isn't the $76K already taxed? It is just the earnings that will never be taxed I believe.

True...should have clarified.

I guess I should have asked that way...is it worth it to do this? At 6%, the payment stream over 6 years would gain about $12k, with only $4-5k in taxes saved.
by Rolyatroba
Thu Sep 11, 2014 1:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Backdoor Roth
Replies: 32
Views: 1508

Re: Help with Backdoor Roth

Your next look up task will be for "recharacterization". Assuming that is directed at my boo-boo...yes, I got off the phone with VG only 20 minutes ago to do this for our recent Roth conversion. So I believe there won't be a tax event now. I think next then, I need to move the funds/secur...
by Rolyatroba
Thu Sep 11, 2014 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Backdoor Roth
Replies: 32
Views: 1508

Re: Help with Backdoor Roth

I hope you know about the pro-rata rules. Is there an emoji for a scream? I didn't know about that rule, and now as I understand it (albeit with only 5 mins. of googling), it seems we'll owe taxes on nearly the entire $12k. Hopefully this can be undone before 12/31. I talked to both a Schwab and a ...
by Rolyatroba
Wed Sep 10, 2014 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Backdoor Roth
Replies: 32
Views: 1508

Re: Help with Backdoor Roth

I didn't read thru the thread, besides the OP, so sorry if there is any duplication here. The short answer is to open an IRA account at a third company, say Schwab. It will have a zero balance, then you just put the funds in it and convert it to a Roth. Longer answer is I am at Schwab with IRA accou...
by Rolyatroba
Wed Sep 10, 2014 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Backdoor Roth
Replies: 32
Views: 1508

Re: Body by Science Workout

Thanks for your response Rolyatroba. I am already a regular exerciser. I do weights twice a week and aerobics 2-3 times a week. This seems to work pretty well. The thing I am wondering about is if I will get better results by shifting to a super hard but brief weight workout just once a week, and r...
by Rolyatroba
Thu Jul 24, 2014 10:46 pm
 
Forum: Personal Consumer Issues
Topic: Body by Science Workout
Replies: 239
Views: 26631

Re: Body by Science Workout

Is there any research on how this works as you age? I am 64. In related articles on line they also talk about High Intensity Interval Training, in which you do an activity like cycling as fast as you can for 30 seconds, then rest, then repeat. Is there research about how that works for someone my a...
by Rolyatroba
Thu Jul 24, 2014 5:47 pm
 
Forum: Personal Consumer Issues
Topic: Body by Science Workout
Replies: 239
Views: 26631

Re: On the Road/Air/Water Retirement

Since music was mentioned above, there are two other crucial items on my international travel packing list: - I have a Bose Soundlink that is not much larger than a large paperback book (http://www.bhphotovideo.com/c/product/891701-REG/Bose_357550_1300_SoundLink_Bluetooth_Mobile_Speaker.html). Enjoy...
by Rolyatroba
Tue Jun 10, 2014 10:30 am
 
Forum: Personal Consumer Issues
Topic: On the Road/Air/Water Retirement
Replies: 57
Views: 5510

Re: On the Road/Air/Water Retirement

4. There are other ways to beat the Schengen restriction. One is to get dual citizenship in an EU country (only a handful allow this; I'm going for Italian). Another is to get an extended visa just for the country you plan to spend the most time in (albeit not available in all EU countries). France...
by Rolyatroba
Mon Jun 09, 2014 10:19 pm
 
Forum: Personal Consumer Issues
Topic: On the Road/Air/Water Retirement
Replies: 57
Views: 5510

Re: On the Road/Air/Water Retirement

We are planning a similar retirement, so I'll add a couple of things that I don't see mentioned above. 1. In addition to vrbo and homeaway, airbnb.com might be a good resource, as this site also has lower cost options such as shared housing and even shared rooms. 2. I have friend that does this now ...
by Rolyatroba
Mon Jun 09, 2014 10:08 pm
 
Forum: Personal Consumer Issues
Topic: On the Road/Air/Water Retirement
Replies: 57
Views: 5510

Re: A Case for Individual Bonds?

You can model this relatively simply with two bonds. Suppose you buy a 5% 10-year, and soon thereafter rates drop to 2%. You exchange $100 of your old bond for $127 of the new bond with 2% coupons. Thing is, you can still go on spending $5 a year for the remaining 10 years sustainably, the only dif...
by Rolyatroba
Thu May 01, 2014 1:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: A Case for Individual Bonds?
Replies: 13
Views: 1245

Re: A Case for Individual Bonds?

First, sorry for the late reply. Really appreciate your input on this. But why feel less comfortable? Surely this is much, much easier and less demanding of discipline than planning spending decades in advance like you are proposing. The low comfort has to do with selling FI principal to finance exp...
by Rolyatroba
Tue Apr 29, 2014 11:30 am
 
Forum: Investing - Help with Personal Investments
Topic: A Case for Individual Bonds?
Replies: 13
Views: 1245

Re: A Case for Individual Bonds?

Thanks for the inputs...comments/questions below. I dont exactly see where you get 5% for a bond these days I'm not talking about these days...I'm planning to increase my FI% in the next few years, and am only thinking of doing this if the Fed raises rates in response to an eventual heating up of th...
by Rolyatroba
Wed Apr 23, 2014 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: A Case for Individual Bonds?
Replies: 13
Views: 1245

A Case for Individual Bonds?

I plan to increase the FI portion of our portfolio in the next couple of years, as we approach retirement. If the economy heats up in this timeframe, to the point that interest rates rise above 5% for Treasuries/Agencies (non-mortgage backed), does it make sense to lock in those rates, with some por...
by Rolyatroba
Tue Apr 22, 2014 10:39 am
 
Forum: Investing - Help with Personal Investments
Topic: A Case for Individual Bonds?
Replies: 13
Views: 1245

Re: Reducing Sequence of Returns Risk

Actually, I was trying to distinguish between getting insurance before an actual loss occurs and how to deal with that loss if it wasn't insured. That does make me think that maybe I don't even take out one of these until it is needed. Sorta like buying insurance after the casualty! Of course, keep...
by Rolyatroba
Thu Apr 10, 2014 10:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reducing Sequence of Returns Risk
Replies: 11
Views: 1651

Re: Reducing Sequence of Returns Risk

I am not sure what problem you are trying to solve. If stocks do poorly the first 5 years of retirement, don't you just sell bonds to live on and rebalance at the same time? If paying down a mortgage is like buying a bond, does it not also hold true that taking out a mortgage (or HEL or SRM) is lik...
by Rolyatroba
Thu Apr 10, 2014 6:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reducing Sequence of Returns Risk
Replies: 11
Views: 1651

Re: Reducing Sequence of Returns Risk

When I see a new and complex financial product, my reaction isn't "why wouldn't anyone do this?". It's - "this product is probaby not in my best interest, but there's a very small chance it might be." Thanks for the input. I have studied the product, the paper quoted, and a few ...
by Rolyatroba
Wed Apr 09, 2014 11:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Reducing Sequence of Returns Risk
Replies: 11
Views: 1651

Reducing Sequence of Returns Risk

I posted about this at the Theory forum and didn't get any responses...thought I'd try here. I am also encouraged by the recent comment made by Wade Pfau to my question on his blog (http://wpfau.blogspot.com/2013/04/ameriks-and-evensky-on-retirement-income.html -the last of the comments), so I want ...
by Rolyatroba
Tue Apr 08, 2014 12:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reducing Sequence of Returns Risk
Replies: 11
Views: 1651

Re: When is the best time to book a flight?

I am no expert on this but there are some things I know. First that recent $100 increase in pricing might be due to what is called "dynamic pricing", a semi-despicable practice where they do this to scare you into buying. They track IP addresses for this and also pay attention to web traff...
by Rolyatroba
Thu Mar 06, 2014 11:02 pm
 
Forum: Personal Consumer Issues
Topic: When is the best time to book a flight?
Replies: 11
Views: 1294

Re: SWR Studies on the Effect of Asset Class Yields?

Thanks for the reply. I just looked and the book isn't on Amazon yet...I'll keep an eye out for it. Portfolio survivability is my most important consideration in setting my retirement AA, so I'll be interested to read it. To be clear, I'm not thinking about adding corporate debt (the most I'd see of...
by Rolyatroba
Wed Mar 05, 2014 6:21 pm
 
Forum: Investing - Theory, News & General
Topic: SWR Studies on the Effect of Asset Class Yields?
Replies: 3
Views: 396

SWR Studies on the Effect of Asset Class Yields?

Are there any studies, or discussions here (can't seem to find), that address tilting toward asset classes for the purposes of obtaining higher portfolio yield? I have learned here not to chase yield within an asset class (numerous topics on that subject), and not to treat unreasonably high exposure...
by Rolyatroba
Wed Mar 05, 2014 5:13 pm
 
Forum: Investing - Theory, News & General
Topic: SWR Studies on the Effect of Asset Class Yields?
Replies: 3
Views: 396

Re: Roth Conversion Deadline

Thanks for the inputs...I'm already vetting tax pros to figure out what is the best way to handle the NOL. Maybe I'll get a Roth conversion out of it via a future carry forward, but from what I can tell the most likely scenario is to carry back the NOL and lower my tax bill for the applicable year(s).
by Rolyatroba
Wed Mar 05, 2014 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Deadline
Replies: 8
Views: 416

Re: Roth Conversion Deadline

I don't know much about NOLs other than you can run them backwards as well as forwards, but it a rare thing that you can skip one year and carry forward to the next. For example, you can't decide not to use your capital loss carryover this year since you are in the 15% bracket and want to save it f...
by Rolyatroba
Tue Mar 04, 2014 9:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Deadline
Replies: 8
Views: 416

Re: Roth Conversion Deadline

Basically, because that is what is in the tax code. There are not many things you can do retroactively to impact your taxes. IRAs, HSAs are probably the two most common exceptions to the general rule that cash-basis taxpayers only count transactions that occur during the tax year. Thanks for the re...
by Rolyatroba
Tue Mar 04, 2014 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Deadline
Replies: 8
Views: 416

Roth Conversion Deadline

I have only recently learned of Roth conversions, and have just learned that my 2013 taxes would not change an iota if I had $50k more in AGI (AGI minus deductions is negative, due to a business loss). It occurred to me to do a Roth conversion but upon looking into it, I see the deadline for that is...
by Rolyatroba
Tue Mar 04, 2014 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Deadline
Replies: 8
Views: 416

Is an HECM Saver the Last Piece of My Puzzle?

In the last year I have struggled to develop the optimal strategy/plan for our retirement portfolio construction and retirement withdrawal tactics. There is just a lot of stuff I've learned on this forum that complicates this: 60/40 AA? 70/30? Tilt to Small or Value? Total Return Approach or Liabili...
by Rolyatroba
Thu Feb 13, 2014 5:50 pm
 
Forum: Investing - Theory, News & General
Topic: Is an HECM Saver the Last Piece of My Puzzle?
Replies: 0
Views: 163

Re: Why Own Bonds at All?

The other thing that I have considered is a home equity loan to leverage my home's value to use as income during the down years. The advantage there is that you don't have to keep 2-3 of assets in a non-productive account even during good years--you only use the equity loan during bad periods. I th...
by Rolyatroba
Wed Feb 12, 2014 12:26 pm
 
Forum: Investing - Theory, News & General
Topic: Why Own Bonds at All?
Replies: 492
Views: 32565

Is there an Activist Investor Index?

Ran across a couple of recent articles on activist investing. http://www.reuters.com/article/2013/11/20/us-investment-summit-activism-funds-idUSBRE9AJ15820131120 http://www.forbes.com/sites/nathanvardi/2013/08/06/the-golden-age-of-activist-investing/ An interesting fallout from the increase of asset...
by Rolyatroba
Fri Jan 24, 2014 3:39 pm
 
Forum: Investing - Theory, News & General
Topic: Is there an Activist Investor Index?
Replies: 0
Views: 180

Re: Why do VOO and VG 500 index fund not move together?

In case anyone is curious, the bug is related to a data lookup problem with the charting software. With VOO as the primary chart and VFINX the comparison, you can see that the VFINX values are incorrect for the built-in "5Y" chart. Changing the date manually, or choosing a different built-...
by Rolyatroba
Thu Jan 23, 2014 9:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why do VOO and VG 500 index fund not move together?
Replies: 17
Views: 957

Re: Why do VOO and VG 500 index fund not move together?

InvestorNewb wrote:Maybe yours is bogus.

In Yahoo, first get the chart for VFINX, then add VOO to compare, set to 5 years, and you'll see the problem with your chart (which is really some kind of bug in the Yahoo chart).
by Rolyatroba
Thu Jan 23, 2014 8:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why do VOO and VG 500 index fund not move together?
Replies: 17
Views: 957

Re: Clone backup to restore dead laptop hard drive?

I have that on my Lenovo laptop and did the rescue backup to a set of DVDs. When I ran that with the new hard drive in the laptop it did indeed restore to the original configuration. But that's not much good because everything I've added to the hard drive since it was new is not included. Then I we...
by Rolyatroba
Thu Jan 23, 2014 7:35 pm
 
Forum: Personal Consumer Issues
Topic: Clone backup to restore dead laptop hard drive?
Replies: 13
Views: 704

Re: Clone backup to restore dead laptop hard drive?

Installing the OS is an OK option but I've never had good luck with the media the computer vendor sends. A real OS install disk works, but few individuals have a true install disk, although an IT dept probably would True...I forgot that OS disks are getting rarer and rarer with purchased PCs. That ...
by Rolyatroba
Thu Jan 23, 2014 4:11 pm
 
Forum: Personal Consumer Issues
Topic: Clone backup to restore dead laptop hard drive?
Replies: 13
Views: 704

Re: Clone backup to restore dead laptop hard drive?

First of all, your backup is not likely useless. It is just not good for what is generally called a "bare metal restore". You should be able to restore data files from that backup to any computer that is operational. I'm an IT guy, and have used several cloning systems, including the above...
by Rolyatroba
Thu Jan 23, 2014 2:12 pm
 
Forum: Personal Consumer Issues
Topic: Clone backup to restore dead laptop hard drive?
Replies: 13
Views: 704

ag1, What did you do?

Just saw this from a "Boise" key word search. Just curious what you ended up doing, as I moved from the big city to a small town outside of Boise (albeit not nearly the remoteness risk you're taking!).
by Rolyatroba
Tue Jan 21, 2014 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: buying farmland - help a city slicker
Replies: 20
Views: 6196

Re: BRK go to for weird risks - NCAA bracket bet

I saw this and wondered what the premium was/is that Quicken Loans had to pay for this policy. It would be trivial for the actuaries to calculate the expected payout. I'd bet the premium is highly correlated with the number of entries.
by Rolyatroba
Tue Jan 21, 2014 2:51 pm
 
Forum: Investing - Theory, News & General
Topic: BRK go to for weird risks - NCAA bracket bet
Replies: 16
Views: 1486

Re: Biggest regrets in your life in financial investment?

The company was Cisco. I bought it on the open market in August 1991 at 0.24 per share. Although not a bad investment story, I had a job offer to be employee number 47 at Cisco, when they were in one small building on Willow Rd. in Menlo Park, manufacturing routers on plastic folding tables. This w...
by Rolyatroba
Thu Jan 16, 2014 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Biggest regrets in your life in financial investment?
Replies: 101
Views: 8323

Re: Jack Bogle: Past performance is terrible guide to future

Sure. CNBC a) has a great deal of respect for JB's opinions but b) does not see those opinions as either c) the only useful opinions out there or d) a threat to its (CNBC's) existence or business plan. You seemed to be puzzled by why CNBC would interview a potential antagonist or perhaps (my word c...
by Rolyatroba
Wed Dec 11, 2013 2:09 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Past performance is terrible guide to future
Replies: 16
Views: 1745

Re: Jack Bogle: Past performance is terrible guide to future

Let me get this straight. Does this mean you only listen to folks who reinforce your beliefs (sometimes called "confirmation bias")? Can you take me through the progression of logic that brought you to ask this question? I had a pretty simple question that others chimed in on, all without...
by Rolyatroba
Wed Dec 11, 2013 1:45 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Past performance is terrible guide to future
Replies: 16
Views: 1745

Re: Jack Bogle: Past performance is terrible guide to future

Does anyone find this comical? The way the questions were posed, it felt like Fox News interviewing someone in the Sierra Club about taking wolves off the federal list of endangered species. Seriously, I'm curious why CNBC would have him on their network, when if everyone bought into what the man is...
by Rolyatroba
Tue Dec 10, 2013 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Past performance is terrible guide to future
Replies: 16
Views: 1745

Re: Private Money Lending

Ok...understand on the pool manager risk. So, if I was to do on my own, and being I don't live in a very large area (thus not many opportunities), would you recommend a service like the below to find potential loans? http://www.loanmls.com Or just stay away from this if you can't actually visit the ...
by Rolyatroba
Thu Nov 07, 2013 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Private Money Lending
Replies: 102
Views: 8374

Re: Private Money Lending

Appreciate the input from both of you. As I said earlier, I would not recommend the pool route. I'm wondering if you would give some detailed reasoning why you wouldn't recommend the pool route. I did just look thru the thread and didn't see any mention of pools. My reasoning on going the pool route...
by Rolyatroba
Wed Nov 06, 2013 9:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Private Money Lending
Replies: 102
Views: 8374

Re: Private Money Lending

I have been thinking about getting back into trust deed/private money lending and just saw this thread. I thought I'd chime in because my rookie year at this started in 2007, and even though I thought I had done all the DD, I still lost 80% of this portion of my portfolio. The reason: I didn't inves...
by Rolyatroba
Tue Nov 05, 2013 8:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Private Money Lending
Replies: 102
Views: 8374
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