Search found 514 matches

by CppCoder
Sun Oct 15, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 116
Views: 5513

Re: What are you driving? And would you buy your current ride again?

I have a 2012 Honda Accord with 67k miles. It has been 100% problem free (except for the annoying TPM light that comes on when it gets below 30 degrees, which happens a lot here). While I would absolutely buy it again, I probably wont buy another because I have a need for speed that this car does n...
by CppCoder
Sat Oct 14, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Employer match question
Replies: 5
Views: 288

Re: 401k Employer match question

This is a matter of perspective. Suppose you are in the 25% tax bracket. If you want to contribute $7,500 to your 401k, for your Roth, you must have $10,000 in salary to make that contribution ($7.5k to the 401k and $10k to taxes), but for your pretax, you only need $7,000 in salary ($7k to the 401k...
by CppCoder
Sat Oct 14, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Silly accounting question [How do I record these transactions?]
Replies: 7
Views: 742

Re: Silly accounting question

For your purposes, I would probably just create a new column called discounts and track it independently from expenses and income. Just like you don't want to delude yourself into thinking items cost less than "face value" when considering future expenses, you don't want to inflate your income when ...
by CppCoder
Thu Oct 12, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: VTSMX vs. VTI
Replies: 16
Views: 1341

Re: VTSMX vs. VTI

To clarify: When investing in a IRA at Fidelity with the goal of diversifying in a total US stock market fund- VTSAX, FSTVX and ITOT are essentially the same in their holdings. VTSAX (ER 0.04): would charge a initial purchase fee and trade fee because using Fidelity FSTVX (ER 0.04): However with no...
by CppCoder
Mon Oct 09, 2017 11:38 am
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1486

Re: Financial Calculations for Boglehead Presentation

Post the problem statement. I'm sure someone will take a stab at it. I was bored yesterday, so probably would have given it a shot had you posted in the AM instead of the PM. Who knows, I might be bored tonight. :happy
by CppCoder
Sat Oct 07, 2017 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Tradittional vs Roth?
Replies: 6
Views: 519

Re: Tradittional vs Roth?

You really haven't provided enough information to give good advice, but my guess is that you are better off sticking to pretax contributions in the 28% bracket. What do you expect your tax bracket to be after you stop working (when you start withdrawing from the 401k and tIRA)? Also, Roth conversion...
by CppCoder
Fri Oct 06, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth questions and is it worth it?
Replies: 9
Views: 655

Re: Mega Backdoor Roth questions and is it worth it?

To set the parameters, my wife is considered an HCE, and thus is limited in the percentage that she can contribute to her 401k. Let's say that based on that percentage, she would end up with about $1500 in after-tax contributions. All of these after-tax contributions would occur toward the end of t...
by CppCoder
Fri Oct 06, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Megabackdoor Roth Waiting Period?
Replies: 18
Views: 1267

Re: Megabackdoor Roth Waiting Period?

Let me understand this: You want to contribute to after-tax within your 401k. Then, use the in-service withdrawal to roll it into Roth IRA (and pay taxes on any earnings). Then, you want to withdraw the contributions from the Roth IRA. Is this correct? If so, what is the reason of going through all...
by CppCoder
Wed Sep 06, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Question on a NY 529
Replies: 2
Views: 397

Re: Question on a NY 529

Daughter is finishing her Masters. I overfunded the 529 because she underestimated the amount her employer would pay. Not a bad problem... Her employer is withholding taxes for some of the coursework and my question is, can I pay the taxes with funds from the 529? I assume you mean and not pay taxe...
by CppCoder
Sat Aug 26, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 16771

Re: What should the savings be for an average professional

Grt2bOutdoors wrote:
Sat Aug 26, 2017 5:03 pm
...if you are spending 100% of gross income you are spending too much.
This also makes it exceedingly difficult to save 10x salary by 65 :wink:.
by CppCoder
Sat Aug 26, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Three days in Prague during September
Replies: 19
Views: 1710

Re: Three days in Prague during September

We were in Prague for several days in 2009. We also took in the sites mentioned above (Prague Castle - I got to shoot a crossbow, Charles Bridge, Clock, Wenceslas Square, Jewish quarter) and enjoyed them. As a rule of thumb, I always like to see a city's castle :). Here are a few that have not been ...
by CppCoder
Tue Aug 22, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: NY 529 plan - fee reduction, glide path options, increased account maximum and other changes
Replies: 4
Views: 714

Re: NY 529 plan - fee reduction, glide path options, increased account maximum and other changes

I received the same email this morning and was going to post the same thing. I'm not terribly excited about the 1 bp decrease in fees. Don't get me wrong, lower fees are always better, but 1 bp isn't a game changer. I am, however, excited that they are adjusting the glide paths on their age based op...
by CppCoder
Mon Aug 21, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice on Simplifying Large Taxable Retirement Portfolio
Replies: 23
Views: 2830

Re: Seeking Advice on Simplifying Large Taxable Retirement Portfolio

I'm going to be somewhat contrarian and say that nothing you do matters. Just let it ride. If you don't want more bonds, don't bother with them. If you really stick to your spending plan, you have a 0.6% withdrawal rate. If stock A and B go to zero simultaneously, it will reduce you to a horrible 0....
by CppCoder
Mon Aug 21, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: How to Pay Grad School Loans
Replies: 8
Views: 864

Re: How to Pay Grad School Loans

So here's what I've come up with. Option A: Take full $40k loan (20K each semester), pay for school with 20K, take additional 20K @ 7% interest, invest in 50/50 international and S&P500 index Funds and gamble on making more then 7% return. Option B: Take 6K loan for first semester, pay remaing 4K o...
by CppCoder
Mon Aug 21, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: 28 year old trying to make a simple retirement plan
Replies: 10
Views: 1325

Re: 28 year old trying to make a simple retirement plan

married 105k combined income no debt except house, plan to have it paid off in 24 months. (130k left on 300k home) After home is paid off the goal is to max out retirement funds for 10 years and evaluate early retirement at that time. I wouldn't forgo retirement funds (if this means available space...
by CppCoder
Sun Aug 20, 2017 1:34 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 13587

Re: I own no international stocks. Can you guess why?

You pressed the wrong button on Vanguard's website but felt you could never tell us this real reason. So, you created this thread to be able to pick the best reason from all of the replies. Then, tomorrow, you'll say, "Yep, so and so nailed it," as you breathe in deeply, smile, and relax now having ...
by CppCoder
Sat Aug 19, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: After Tax 401K Contributions Advice
Replies: 22
Views: 1548

Re: After Tax 401K Contributions Advice

I didn't know this was an option based on the reading I've done. I know our company has the option to have a Roth 401K as well. Are you saying some would allow me to convert the after tax in the traditional 401K to a Roth 401K? Or is it something different? Whether this is allowed depends on your p...
by CppCoder
Sat Aug 19, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: After Tax 401K Contributions Advice
Replies: 22
Views: 1548

Re: After Tax 401K Contributions Advice

Yes, I think your logic makes sense if you intend to move in a few years. Also, take a look and see if your plan allows an IRR (in-plan Roth rollover), which will allow you to "convert" your aftertax account to Roth but keep it in the 401k. Your plan may allow this even if it doesn't allow an in-ser...
by CppCoder
Sat Aug 19, 2017 1:16 pm
Forum: Forum Issues and Administration
Topic: Home Page Updated
Replies: 82
Views: 5875

Re: Home Page Updated

I think there may be a bug. This new information at the top takes up half my screen. That's pretty annoying. I'm told there is a less/more button to eliminate that - I'm told it works on iPad, but it does not work on my MacBook (using Safari). It is apparently the little button just after "...John ...
by CppCoder
Sat Aug 19, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16038

Re: Jobs that pay over $100,000

"Average intelligence is not sufficient to become an engineer." Only takes 1 to disprove this. I have been tested and have average IQ. I am an engineer. No one said you can't be academically talented. The athletes and musicians you refer to are the best of the best. That is rare. It is also rare to...
by CppCoder
Sat Aug 19, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to refinance low balance mortgage?
Replies: 13
Views: 951

Re: Any reason to refinance low balance mortgage?

I think I should just sit tight but wanted to see if anyone had other thoughts. I am in year 8 of a 15 year fixed at 4.375%. Remaining balance is $98k. Value of home per recent tax assessment is $212k. There are plenty of lower rates out there, up to 1% lower, but if I understand it right, lenders ...
by CppCoder
Sat Aug 19, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: New to 401k. How is this Match?
Replies: 14
Views: 1503

Re: New to 401k. How is this Match?

I read it as this: 1) the company will match up to $1000 each year. Assuming she contributes the full amount ($18500) for 2018, that's a 5.4% match. If she just contributes $1000, it is a 100% match... I don't think the IRS has released the 401k limit for 2018 yet. I've seen an estimate for the $50...
by CppCoder
Sat Aug 19, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16038

Re: Jobs that pay over $100,000

One new hot area that combines social skills, math skills, and programming skills that pays well is data scientist. It might be saturated by the time the child graduates in several years. This is always the problem with the hot fields. The ones that are hot when you enter school attract enough stude...
by CppCoder
Sat Aug 19, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16038

Re: Jobs that pay over $100,000

I work 70% as an engineer and 30% at the local university. Amongst other things, I have taught pre-engineering math, i.e. math for those who want to go into engineering, but aren't qualified for calculus 1. They pretty much enter w/o being confident in basic algebra. About 60% pass (it's pass/fail)...
by CppCoder
Fri Aug 18, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Increasing Loan - to Value Ratio
Replies: 9
Views: 662

Re: Increasing Loan - to Value Ratio

A house is appraised for what you can sell it for. You will lose money trying to increase the home value through renovations. Put the money toward the loan. Once you no longer have PMI, you'll be able to save that additional monthly cash flow for new cabinets.
by CppCoder
Fri Aug 18, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16038

Re: Jobs that pay over $100,000

movie actor
baseball player
United States House representative
orthopedic surgeon
successful business owner
youtube sensation
NY Times best selling author

Depending on skill set/interests, these might be more or less plausible than an engineer.
by CppCoder
Fri Aug 18, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: What type of bond fund for my purpose?
Replies: 22
Views: 1406

Re: What type of bond fund for my purpose?

I never like it as an investment, but if you are planning for the financial apocalypse, some might argue that you should buy gold. After all, treasuries are only as good as your confidence in the solvency of the U.S. government. People all over the world seem to like shiny metal :confused.
by CppCoder
Fri Aug 18, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Did Chase Apply My "Additional Principal" Payment Legally?
Replies: 41
Views: 2363

Re: Did Chase Apply My "Additional Principal" Payment Legally?

I have a Chase mortgage. On their website, if you choose to pay your mortgage, there are three boxes. The first is autopopulated with XX minimum payment due (where XX = my monthly mortgage amount). The next two are for additional principal and additional escrow. If I wanted to pay principal only, I ...
by CppCoder
Fri Aug 18, 2017 9:36 am
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 64
Views: 4718

Re: Powerball - $510 million?

I wait until it clears $1 billion. Anything below that is just chump change and not worth the drive to the grocery store. :)
by CppCoder
Thu Aug 17, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay off piggyback mortgage (80/10/10)
Replies: 8
Views: 752

Re: How to pay off piggyback mortgage (80/10/10)

First, the numbers don't add up. If your purchase price was $545k and the second mortgage was 10%, how can you owe $73k? Did you have $18.5k in closing fees that you rolled into the second mortgage? Second, you have two mortgages, one of which is an interest only loan. You're essentially asking if a...
by CppCoder
Thu Aug 17, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: RSU taxes
Replies: 7
Views: 505

Re: RSU taxes

I don't know how that works with the company taking shares out at grant time, that seems like it wouldn't work if the stock price changed, they'd have to take out either more or less at vest time. This comes down to the difference between an RSU and a restricted stock grant. An RSU is actually only...
by CppCoder
Thu Aug 17, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: RSU taxes
Replies: 7
Views: 505

Re: RSU taxes

I don't know how that works with the company taking shares out at grant time, that seems like it wouldn't work if the stock price changed, they'd have to take out either more or less at vest time. This comes down to the difference between an RSU and a restricted stock grant. An RSU is actually only...
by CppCoder
Thu Aug 17, 2017 12:02 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 12264

Re: Is it worth it? [demanding jobs vs time with family]

You had a no from me at 60-70 hours of work per week, even before I read about having a family. My opinion is that the return on investment (of your time) is never worth it if you work for someone else for a salary. I do understand working 60-70 hours to grow a business that you own. I understand wo...
by CppCoder
Tue Aug 15, 2017 4:03 pm
Forum: Investing - Theory, News & General
Topic: 401(k)/403(b) Conversion to Roth IRA
Replies: 22
Views: 2097

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: 41
Views: 4607

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: 9
Views: 1453

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: 41
Views: 4607

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: 700

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: 7
Views: 1354

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: 82
Views: 7373

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: 3471

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: 2670

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: 25
Views: 1462

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: 1389

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: 2242

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: 637

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: 932

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: 3312

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: 2670

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: 2242

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.