Search found 17 matches

by BusterMcTaco
Thu Jul 27, 2017 7:04 pm
Forum: Investing - Theory, News & General
Topic: Theoretical: how will end of LIBOR affect adjustable rate mortgages?
Replies: 0
Views: 136

Theoretical: how will end of LIBOR affect adjustable rate mortgages?

I read the news this morning that the LIBOR may be gone by the time our ARM becomes adjustable. I referred to our mortgage disclosures which don't seem to indicate a contingency in this case, just a margin (2.25%) above LIBOR one-month index as reported in the WSJ. Interestingly it also doesn't tech...
by BusterMcTaco
Thu Jul 27, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 12
Views: 772

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

I did see that, thanks. I also found it funny that in normal cases one can count a spouse's participation as their own. Obviously not here, unfortunately. This might mean that we just start in 2018 since right now, documenting 500 hours would be a challenge. I could pay her by W-2 for her time this ...
by BusterMcTaco
Wed Jul 26, 2017 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 12
Views: 772

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

Your wife would only need to "materially participate" in the business. This is a relatively easy benchmark to obtain. For example, one qualification is for your wife to work more than 100 hours in the activity during the year, and no one else works more than she does . So if your wife spe...
by BusterMcTaco
Tue Jul 25, 2017 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and suggestions (~$400k retirement assets)
Replies: 3
Views: 834

Re: Portfolio review and suggestions (~$400k retirement assets)

In the interest of completeness, it turns out that I can't buy all those Vanguard funds I wanted at E*Trade. For example, I can buy institutional total market, but not Admirals (and probably can buy Investors--didn't check). Anyway, I'll by buying a combination of VTI/BND/BNDX ETFs instead, in my IR...
by BusterMcTaco
Tue Jul 25, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and suggestions (~$400k retirement assets)
Replies: 3
Views: 834

Re: Portfolio review and suggestions (~$400k retirement assets)

I suspect you haven't gotten replies because your plan is fine. That's what I concluded :happy 4. Do you have any suitable no-transaction-fee options with Etrade? I think a $13 commission isn't that big of a deal if you're making few trades, but at the same time it could be avoidable. What do you m...
by BusterMcTaco
Sun Jul 23, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Business brokerage account: seeking tax efficient, medium risk fund
Replies: 7
Views: 514

Re: Business brokerage account: seeking tax efficient, medium risk fund

However, unless you pay AMT, you can deduct CA tax from federal.


We do hit AMT, but since these are qualified dividends, isn't it just 15% federal long-term cap gains rate [for the 33% tax bracket]+9.3% state [without federal deduction]?
by BusterMcTaco
Sun Jul 23, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Business brokerage account: seeking tax efficient, medium risk fund
Replies: 7
Views: 514

Re: Business brokerage account: seeking tax efficient, medium risk fund

If you are in a high federal and CA tax bracket, TM Capital Appreciation is likely to save you slightly more in lower taxes than it costs in expenses. Is my math right? Tax rate: 15% federal + 9.3% CA. So comparing: VTCLX 0.09% 1.67% TTM yield, 100% qualified, $40.58 dividend taxes per $10,000 inve...
by BusterMcTaco
Sat Jul 22, 2017 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Business brokerage account: seeking tax efficient, medium risk fund
Replies: 7
Views: 514

Re: Business brokerage account: seeking tax efficient, medium risk fund

Excellent tip, I'm now looking at Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares (VCADX, 0.09%). This is a very good tax-efficient (indeed, exempt, I think) fund for stable growth.

I think I'll mix some into it.
by BusterMcTaco
Sat Jul 22, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Business brokerage account: seeking tax efficient, medium risk fund
Replies: 7
Views: 514

Business brokerage account: seeking tax efficient, medium risk fund

Hello, Rather than have my $50k in business assets (what I keep around) sit in a 0.01% checking account, I thought I'd invest a portion of it in a business brokerage account. My business has no debt, a highly stable revenue stream, and I would keep enough for a 6 month runway (although in reality wo...
by BusterMcTaco
Fri Jul 21, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and suggestions (~$400k retirement assets)
Replies: 3
Views: 834

Portfolio review and suggestions (~$400k retirement assets)

Hello, My wife and are are looking for advice on how to invest our portfolios. We want to keep it simple, and were looking for any further advice or gotchas. Emergency funds: We plan on keeping 3 months including PITI, with another 3+ months invested in Ally risk-free CDs. We are dual income, and my...
by BusterMcTaco
Tue Jul 18, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 12
Views: 772

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

Spirit Rider wrote:IRS regulations do not allow Roth IRAs to be rolled to anywhere except to another Roth IRA.


Sorry, I misspoke. I meant roll in a traditional IRA to the solo 401k (to open the path for back-door Roth conversions).
by BusterMcTaco
Tue Jul 18, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 12
Views: 772

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

These are amazingly helpful responses. Thank you so much. 1. 402(g) Limit - 100% of compensation up to $18k ($24k if over age 50). This is the employEE deferral limit (excludes nonRoth aftertax conributions). The 18k is an individual limit and is spread across ALL retirement plans in which the indiv...
by BusterMcTaco
Mon Jul 17, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 59
Views: 10213

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

I'll chime in here to report that Ubiquity still sucks. I'm looking at a transaction report for my wife and her 6/15 contributions just settle on 7/10. Is that normal? It makes it impossible to keep any kind of current track of her 401(k) account with them. Also, if you sort by date, they do it lexi...
by BusterMcTaco
Fri Jul 14, 2017 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 12
Views: 772

Re: Solo-401k options if no after-tax contributions in Wife's 401k?

I would suggest Fidelity. They allow allow separate accounts per employee and even per sub account type. Vanguard now only allows "pooled" accounts, which is one account per 401k. Record keeping would be needed to track the individual employees/sub accounts. Do I understand correctly that...
by BusterMcTaco
Fri Jul 14, 2017 2:07 am
Forum: Investing - Help with Personal Investments
Topic: Employee 401(k) Rollover for age 23 Investor
Replies: 13
Views: 886

Re: Employee 401(k) Rollover for age 23 Investor

Remember that if you roll it into an IRA you will not be able to do a backdoor Roth conversion later without paying taxes or rolling it back into a 401k first. I made the same mistake and for no particularly good reason. But if you aren't getting good funds in the 401k then it does sound reasonable....
by BusterMcTaco
Fri Jul 14, 2017 12:20 am
Forum: Investing - Help with Personal Investments
Topic: Solo-401k options if no after-tax contributions in Wife's 401k?
Replies: 12
Views: 772

Solo-401k options if no after-tax contributions in Wife's 401k?

Hello, Short-time lurker, first time poster :P I’m self-employed (LLC) with a steady stream of contract revenue that’s growing significantly. I anticipate my EBIT will be about $280k this year and grow approximately $40k year-over-year for the immediate future. Beyond 3-5 years who knows, but at lea...
by BusterMcTaco
Tue Jul 11, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Making the Leap to Self-Employment
Replies: 16
Views: 1618

Re: Making the Leap to Self-Employment

First post, since this is the only subject where I so far have something to contribute! What were the circumstances that lead to you going out on your own? I was in tech for 3 years after university, hated my job at a large company that was mostly hardware (I'm a software guy), and didn't cut it at ...

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