Search found 481 matches

by CppCoder
Tue Aug 15, 2017 4:03 pm
Forum: Investing - Theory, News & General
Topic: 401(k)/403(b) Conversion to Roth IRA
Replies: 11
Views: 795

Re: 401(k)/403(b) Conversion to Roth IRA

Also, is it possible to start yearly conversions while currently in a 401(k)/403(b)? It depends on your plan. My 401k has an IRR option (in plan Roth rollover). I use it annually to convert my after-tax subaccount to Roth, and I know it can be used for other subaccounts (e.g., pretax employee contr...
by CppCoder
Tue Aug 15, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 34
Views: 2673

Re: 27y/o w/ 150k debt buying 685k house

I have. Don't think he listened. At a certain point you have to stop worrying about your friend's finances. People need to learn and make their own mistakes. They aren't under your control and you shouldn't be worrying about them. Maybe it's a "friend." You know, I have this problem...uh, I mean, m...
by CppCoder
Tue Aug 15, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Too conservative?
Replies: 7
Views: 819

Re: Too conservative?

If you don't invest it, you're losing money to inflation. If you invest the money, you're risking investment loss. Which one scares you more? If you choose to invest, you can always choose your assets to balance risk versus reward. I like Grt2bOutdoors's advice of finding a term appropriate CD. Anot...
by CppCoder
Tue Aug 15, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 34
Views: 2673

Re: 27y/o w/ 150k debt buying 685k house

If Friend is closing in two weeks, he's already under contract and has signed everything off. Too late. Wish him luck. This is what I feared. Thanks. That's not true. Until you close, you haven't closed, otherwise, what would closing mean? Typically, bailing after a certain point results in the los...
by CppCoder
Tue Aug 15, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio needs a reality check
Replies: 8
Views: 510

Re: Portfolio needs a reality check

Lots of questions. I'll try to answer at least a few. -What type of account is the best place to keep our emergency fund? Anything aside from a "high" interest savings account? I tier mine between a savings account at a brick and mortar bank and an online high yield savings account. Lots of people d...
by CppCoder
Tue Aug 15, 2017 11:08 am
Forum: Forum Issues and Administration
Topic: Should this site highlight posts from the OP?
Replies: 6
Views: 906

Re: Should this site highlight posts from the OP?

phpBB is open source, so someone could always add the feature themselves and try to get it accepted into the mainline of the software. Then, this board could get it on a future update. How badly does OP want the feature? :happy
by CppCoder
Mon Aug 14, 2017 4:20 pm
Forum: Personal Consumer Issues
Topic: How useful is a home security system?
Replies: 49
Views: 2723

Re: How useful is a home security system?

I sold security systems for many years. This has "inside job" written all over it. If your system had either a glass break and/or motion detector it would go into alarm whether the door was opened or not. Whoever did this had information about the alarm system and knowledge of the $ being there IMH...
by CppCoder
Sat Aug 12, 2017 8:41 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3017

Re: Public vs Private Elementary

I didn't attend a private school until my Ph.D. at MIT. The public schooling from kindergarten to bachelors degree seemed to prepare me well enough educationally for my short stint in private school. I can afford to send my kids to private school; I choose to send them to public school.
by CppCoder
Sat Aug 12, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Core position in Fidelity
Replies: 24
Views: 1953

Re: Core position in Fidelity

As somebody else mentioned, worrying about this is a bit much. The US dollar is a fiat currency backed by the United States dollars. If the government collapses, our dollars, and investments would be worthless. That's why some would prefer if our currency was backed by a commodity like gold or silv...
by CppCoder
Sat Aug 12, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs Traditional 401K
Replies: 12
Views: 681

Re: Roth 401K vs Traditional 401K

If you can't decide, hedge, and do some of both. I max my pretax 401k, my after-tax 401k (converted annually to Roth), and two (backdoor) Roth IRAs each year. Given that employer match goes to pre-tax, this ends up as approximately $28k Roth and $37k pretax. I have a significant pension promise for...
by CppCoder
Sat Aug 12, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Loan?
Replies: 19
Views: 1215

Re: Personal Loan?

Are you paying any of your other loans faster than the schedule to accelerate your repayment (sounds like it since you are paying off student loans in 5 years). If so, and if those are financed at a lower rate than 11.99% (e.g., your 188k at 5%), I would stop making extra payments and instead pay of...
by CppCoder
Sat Aug 12, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Backup of Sensitive Information
Replies: 32
Views: 1800

Re: Backup of Sensitive Information

Arq backs up my files every hour and retains old versions in case I delete or break something. This is a critical step. Without versioning, all one has is a mirror. Anything bad that happens on the original risks being done on the "backup" copy. That's an inefficient way to version, though, unless ...
by CppCoder
Sat Aug 12, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Need help in selecting Bond index equivalent at workplace 401K option
Replies: 9
Views: 521

Re: Need help in selecting Bond index equivalent at workplace 401K option

Your first option sounds like an inflation protected stable value fund. I've never heard of such a vehicle. Given that TIPS are paying much less real interest than that, it sounds like a pretty good deal, almost too good to be true. Are there any serious restrictions on this option (e.g., limited wi...
by CppCoder
Sat Aug 12, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Big Decisions
Replies: 6
Views: 855

Re: Big Decisions

You can sell everything, retire, buy a house for cash, invest 50/50 stocks/bonds, and never run out of money. While your wife is still working, you barely even need any income from your investments to cover your expenses. What's the problem here?
by CppCoder
Sat Aug 12, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: buying a rental property vs investing more in stocks
Replies: 26
Views: 2624

Re: buying a rental property vs investing more in stocks

Do you want to be a landlord? Do you want to take a cash flow loss every month to convert some money into illiquid equity and give some money to a bank? Are you sure that you will have no ongoing maintenance expenses? Are you sure you can keep the apartment occupied all the time? Are you sure real e...
by CppCoder
Sat Aug 12, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Core position in Fidelity
Replies: 24
Views: 1953

Re: Core position in Fidelity

Thanks for your reply. Is there a chance of ever losing money in these? I truly don't care about interest accrual in my "core position," since I rarely short sell, and my money is invested in stocks at any given period. Not having a chance of loss is much more important to me than gaining this tiny...
by CppCoder
Sat Aug 12, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: Backup of Sensitive Information
Replies: 32
Views: 1800

Re: Backup of Sensitive Information

I would just encrypt the content and upload the encrypted file/files/folder to your cloud service provider. If you ever need to recover locally, just download your file and decrypt it on your machine. I'm not a Mac person, so I can't help you with a workflow specific to your platform.
by CppCoder
Sat Aug 12, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down home or increase Retirement Contributions
Replies: 21
Views: 1319

Re: Pay down home or increase Retirement Contributions

Given your wife's occupation, what would be the rate and fees to refinance to a 15 year mortgage (or 10 if that's really your goal)? You could do the refinance, be forced to pay the larger payments, and call that good enough. You'll still pay off the house on an accelerated schedule (relative to you...
by CppCoder
Sat Aug 12, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs Traditional 401K
Replies: 12
Views: 681

Re: Roth 401K vs Traditional 401K

If you can't decide, hedge, and do some of both. I max my pretax 401k, my after-tax 401k (converted annually to Roth), and two (backdoor) Roth IRAs each year. Given that employer match goes to pre-tax, this ends up as approximately $28k Roth and $37k pretax. I have a significant pension promise for ...
by CppCoder
Sat Aug 12, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Progress, thanks, and seeking advice on 2nd careers
Replies: 20
Views: 2257

Re: Progress, thanks, and seeking advice on 2nd careers

This is not meant to be a political comment, but have you considered running for elected office? Obviously, many legislators have a law background. Maybe it's a way for you to make a difference, or at least try. I think working as a politician could be interesting. It's the running for office part t...
by CppCoder
Fri Aug 11, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Munis at Fidelity: FTABX or VTEB?
Replies: 39
Views: 2592

Re: Munis at Fidelity: FTABX or VTEB?

You should familiarize yourself with the 6-month rule associated with tax-exempt investment vehicles. FTABX accumulates its dividends daily; I believe that VTEB does as well although you'd have to read the prospectus. The ETFs mentioned above do not (MUB). The Wiki has a very nice synopsis on pecul...
by CppCoder
Fri Aug 11, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: Laptop suggestions pls
Replies: 30
Views: 2128

Re: Laptop suggestions pls

I've always liked lenovo, and I've had pretty good luck with Dell. An interesting one to consider might be the LG gram. They have a 13 inch one on sale at Costco now (actually, 15 inch on sale too): https://www.costco.com/LG-gram-13-Touchscreen-Laptop---Intel-Core-i5---1080p.product.100344487.html I...
by CppCoder
Fri Aug 11, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: tax questions - how to gift my sons' annual IRA
Replies: 18
Views: 1269

Re: tax questions - how to gift my sons' annual IRA

So when your kids received the gifted shares, do they have to sell right away? If not, they can continue to hold on to them and allow the share continue to grow until they are ready to sell, which may be another 20-30 yrs. Isn't that something very desirable from the asset transfer point of view? N...
by CppCoder
Fri Aug 11, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Munis at Fidelity: FTABX or VTEB?
Replies: 39
Views: 2592

Re: Munis at Fidelity: FTABX or VTEB?

SEC 30 day yield on VTEB is higher than the SEC 30 day yield on PTTAX without adjusting for taxes for funds of similar duration, albeit different holdings. You might consider VTEB if it were in your 401k! Do you have other good investment options in your 401k or are you just trading a high ER bond ...
by CppCoder
Fri Aug 11, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5543

Re: Struggling with Justifying an Expensive Car Purchase

https://radicalpersonalfinance.com/356/ Listen to this radical personal finance podcast on the merits of a minivan, its really great and I always recommend our younger engineers at work get a minivan to stave off spendthrift women. I don't own a car, but my wife does and if we were to replace her C...
by CppCoder
Fri Aug 11, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5543

Re: Struggling with Justifying an Expensive Car Purchase

I think the OP is too BH :shock: You can afford it, go ahead and splurge. Tomorrow I am going to put down a deposit for a special order Mercedes going for $165k. Even more silly at my age. You only live once. Looking back over my 73 years, my rules-of-thumb have been, since the 1970s: Never buy a h...
by CppCoder
Thu Aug 10, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: tax questions - how to gift my sons' annual IRA
Replies: 18
Views: 1269

Re: tax questions - how to gift my sons' annual IRA

So when your kids received the gifted shares, do they have to sell right away? If not, they can continue to hold on to them and allow the share continue to grow until they are ready to sell, which may be another 20-30 yrs. Isn't that something very desirable from the asset transfer point of view? N...
by CppCoder
Thu Aug 10, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 5543

Re: Struggling with Justifying an Expensive Car Purchase

You can get a great kid friendly car for $25k new, so neither of your options are financially savvy. That doesn't mean they are bad decisions. If you want the fancy toy, then buy the fancy toy and enjoy it. It sounds like you have a plan to pay for it without incurring debt. Just stop trying to conv...
by CppCoder
Thu Aug 10, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Munis at Fidelity: FTABX or VTEB?
Replies: 39
Views: 2592

Re: Munis at Fidelity: FTABX or VTEB?

You can always open a taxable account at Vanguard if you find the $4.95 commission intolerable. I like the convenience of having all of my accounts at Fidelity, so I eat the $4.95 commission on my very infrequent trading of non-Fidelity assets, most of which would incur a fee at Vanguard too (e.g., ...
by CppCoder
Thu Aug 10, 2017 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Munis at Fidelity: FTABX or VTEB?
Replies: 39
Views: 2592

Re: Munis at Fidelity: FTABX or VTEB?

Not to hijack the thread but I need about 100k to hit my 20% bond allocation. I only have PTTAX at .85 (no load,) in my 401k. In 28% bracket and am now thinking of going the VTEB, MUB or FTABX route instead in my Fido Account. Thoughts? SEC 30 day yield on VTEB is higher than the SEC 30 day yield o...
by CppCoder
Wed Aug 09, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: tax questions - how to gift my sons' annual IRA
Replies: 18
Views: 1269

Re: tax questions - how to gift my sons' annual IRA

One quick note, make sure they have income exceeding your gift to them. I assume they have income, but if not, you can't just gift them money for an IRA.
by CppCoder
Wed Aug 09, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Save to buy home on cash
Replies: 17
Views: 1312

Re: Save to buy home on cash

Hi, I'm just wondering a good answer to this question: If someone wants to save money over about 10 years, to buy a home on cash, where should they put the money every month? (I suspect the answer won't be a total market index because of the time horizon). Thank. It depends on your definition of th...
by CppCoder
Wed Aug 09, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: MUB / Bonds
Replies: 12
Views: 665

Re: MUB / Bonds

Hi - I have a significant amount of cash outside of my emergency fund, that I'm hoping to use to buy a home sometime in the next two years. Is there any reason not to transfer it all to MUB? Or, also - is there a better low-risk bond fund? Probably not. It depends on what fraction of the capital yo...
by CppCoder
Wed Aug 09, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k with Fidelity - Need Investing advice
Replies: 5
Views: 430

Re: New 401k with Fidelity - Need Investing advice

Hello, Need advice for my Son (28 yrs). He recently started working with a new company and has the below mentioned options. Company match is 4%. He also has a roth option at work. Currently he is maxing out his ROTH IRA ($5500) with Vanguard and is using the 3 fund porpolio. Regarding his current 4...
by CppCoder
Wed Aug 09, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA - what to do with gains?
Replies: 5
Views: 503

Re: Mega Backdoor Roth IRA - what to do with gains?

I would send it to the tIRA and convert. This will not interfere with your $5500 limit as the limit is for contributions and the tIRA check is from a rollover.
by CppCoder
Tue Aug 08, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell my Company Stock below the cost basis for the tax benefit?
Replies: 4
Views: 412

Re: Should I sell my Company Stock below the cost basis for the tax benefit?

If your plan is to buy TSM ultimately, then sell now and buy TSM. How do you know that in the time it takes for your employer's stock to rise back to your basis that TSM will not have risen 10%? Bonus, you get the tax loss to offset your gains.
by CppCoder
Tue Aug 08, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: College and Paying for it
Replies: 61
Views: 4020

Re: College and Paying for it

There was a website ?Payscale or something like that linked in past threads about this debate. It showed starting salaries and mid career salaries of alumni from all colleges. I remember some of the results being very different then one would expect. For example, In Illinois Northwestern and Univer...
by CppCoder
Tue Aug 08, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: College and Paying for it
Replies: 61
Views: 4020

Re: College and Paying for it

What school did Ramanujan attend? He got his degree from Cambridge. Probably not the best example if you are trying to make the argument that non-prestigious schools are just as good. Granted, he was largely self-taught in mathematics, but it's doubtful his accomplishments would be nearly as well-k...
by CppCoder
Tue Aug 08, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: College and Paying for it
Replies: 61
Views: 4020

Re: College and Paying for it

If you really drill down on "quality" I always wonder, for many basic education classes in college, does it really matter where you took English 100, Bio 100, etc. Having personally had experience with the California State, UC and even community college level, the highest prestige of those schools,...
by CppCoder
Tue Aug 08, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: College and Paying for it
Replies: 61
Views: 4020

Re: College and Paying for it

One strategy I haven't seen is to go to a cheaper, but good, state university for undergrad, and then do a graduate degree at a prestigious school. This works in STEM fields, anyway. If you have an advanced degree, then no one cares where you went to undergrad. Many masters degrees can be finished i...
by CppCoder
Tue Aug 08, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: Advise on house selling
Replies: 29
Views: 2010

Re: Advise on house selling

Thanks for all the great replies - really helps. I think I'm going to go with the realtor route - I really don't know what I'm doing and seems like a decent price to keep the whole process as stress free as possible for us. One thing we are contemplating doing is buying our new place and moving in ...
by CppCoder
Tue Aug 08, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Accidentally held onto RSU's
Replies: 10
Views: 1639

Re: Accidentally held onto RSU's

Yes, I did know that, but I guess I forgot how to use English in a clear and understandable way :oops: If OP gets roughly the same amount of RSUs every year, and has accumulated enough to push the LTCG into the 20% bracket, I would defer some of the sale, But, if the next tranche of RSUs plus the d...
by CppCoder
Tue Aug 08, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Accidentally held onto RSU's
Replies: 10
Views: 1639

Re: Accidentally held onto RSU's

Don't let the tax-tail wag the total-gains-dog. If I were you I'd sell it all and take the tax hit. :thumbsup There are few things that BHs agree on, and selling RSUs as soon as possible is one of them. Options are a more complicated issue, but RSUs are simple. That said, if you've made the imo mis...
by CppCoder
Mon Aug 07, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: 20 year vs. 30 year Term Life Insurance
Replies: 18
Views: 1689

Re: 20 year vs. 30 year Term Life Insurance

All insurance products are about covering risk. The difference between a 20 and 30 year term life policy is the duration you want to cover the risk (of dying unexpectedly). Actually, it's even more subtle than that. The difference is really your hedge on your need for the policy over the additional ...
by CppCoder
Sat Aug 05, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Mega backdoor roth - help working through an emotional hurdle
Replies: 16
Views: 1378

Re: Mega backdoor roth - help working through an emotional hurdle

Take a look at how your 401a plan works. My 401k permits a mega backdoor Roth, and it has a weird clause that says you can deposit money to the after tax account anytime you want by sending the plan administrator a check. This is great advice, thanks. I took a look and unfortunately contributions a...
by CppCoder
Fri Aug 04, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 77
Views: 7303

Re: Are we house poor?

If it makes you feel any better, I pay about $16,000 per year in property taxes.
by CppCoder
Fri Aug 04, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Mega backdoor roth - help working through an emotional hurdle
Replies: 16
Views: 1378

Re: Mega backdoor roth - help working through an emotional hurdle

The only problem would be if the market went down significantly enough that your taxable account would no longer have enough funds to provide for your living expenses. Then, you would need to cancel your mega backdoor Roth strategy and use your paycheck for living expenses while you waited for the m...
by CppCoder
Thu Aug 03, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: Finding ways to save even more money.
Replies: 11
Views: 1635

Re: Finding ways to save even more money.

Thesaints wrote:Sadly, college system has become such that Galois himself wouldn't get in a good school, if he didn't pay attention to extracurricula.

I suspect as an extracurricular activity, Galois would have benefited the most from marksmanship. :twisted:
by CppCoder
Thu Aug 03, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Amex High Yield Savings Questions
Replies: 6
Views: 803

Re: Amex High Yield Savings Questions

I have no answers to your specific questions other than to say that I've never been charged a fee. I will say that they were great, timely, and didn't charge me anything to do wire transfers when I purchased a home. I sent them a fax, and the money showed up exactly as they said it would.
by CppCoder
Sat Jul 29, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: After tax to Roth 401k conversion
Replies: 4
Views: 296

Re: After tax to Roth 401k conversion

Check if you can direct the earnings portion of the after-tax account to your pre-tax 401k account. That way, the after-tax contributions can go to the Roth 401k and grow tax-free from now on. The earnings will go to the pre-tax 401k, where the taxes have (on these and additional earnings) to be pa...