Search found 627 matches

by LateStarter1975
Sun Mar 19, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Turbotax Backdoor Roth brain fart
Replies: 3
Views: 533

Re: Turbotax Backdoor Roth brain fart

Yes. Enter your 2016 Traditional IRA contribution into your 2016 tax return. If your contribution is non-deductible (covered by employer plan and high income), Turbotax will add form 8606 to track your IRA basis ($5500). This basis will carry forward to line 2 of the next years 8606 form and allow ...
by LateStarter1975
Wed Mar 15, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you save for large purchases?
Replies: 42
Views: 2758

Re: Where do you save for large purchases?

Tyrobi wrote:I save mine in Ally Bank online saving with 1% APY.

Simple, safe and easy access.


+1
by LateStarter1975
Thu Mar 02, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Price of a used Honda Odyssey
Replies: 31
Views: 1661

Re: Price of a used Honda Odyssey

This is quite interesting. Just to be curious, I searched for used Honda Odysseys 2013-2014 in the same website you linked above and this is what I found https://www.cargurus.com/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?sourceContext=carGurusHomePage_false_0&formSourceT...
by LateStarter1975
Wed Mar 01, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: Market up but VTSAX down???
Replies: 21
Views: 2057

Re: Market up but VTSAX down???

Taylor Larimore wrote:
vitaflo wrote:I almost always check my funds at 6:30pm Eastern ...

vitaflo:

Why do you check so often?

Thank you and best wishes.
Taylor


+1. I knew that comment will attract Taylor's attention, lol.
by LateStarter1975
Wed Mar 01, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Family Hounding me to Purchase SUV or Minivan
Replies: 61
Views: 3934

Re: Family Hounding me to Purchase SUV or Minivan

Just hold your ground. A man with an experience is not at the mercy of a man with an opinion.
by LateStarter1975
Tue Feb 28, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: 2016 Tax Refund...Wife asked, "Is it legal?!?!"
Replies: 17
Views: 3459

Re: 2016 Tax Refund...Wife asked, "Is it legal?!?!"

Now when you withhold for the whole year, your refund will be even bigger for 2017! But you know, I'm sure, that the tax refund is really YOUR money since you over-withheld from your paychecks. So don't forget to update the amount with your employer(s). While celia is, of course, right, I will note...
by LateStarter1975
Tue Feb 28, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Seems Dave Ramsey is right about debt
Replies: 55
Views: 10230

Re: Seems Dave Ramsey is right about debt

This forum discusses math quite a bit. But it also discusses CC debt. How do you square those two contrasting ideas? I put in my 2cents for those who are not familiar with the difference between debt snowball and avalanche. Some people who read here may want to have ALL the facts (psychological and...
by LateStarter1975
Mon Feb 27, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: Do Boglehead DIY or Pay a Professional?
Replies: 95
Views: 6986

Re: Do Boglehead DIY or Pay a Professional?

I pay people. A couple of years ago I finally hired somebody to cut the grass. Best decision ever. Seemed like I was always struggling to fit it into my schedule and it's not that expensive. I have zero interest in plumbing and electrical work. And forget about car repairs. I'd rather play my guita...
by LateStarter1975
Wed Feb 22, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 7753

Re: New Boglehead Millionaire

Congratulations. You started investing in 2012 and by 2017, you are already a millionaire. Quite impressive! Very motivational!
by LateStarter1975
Fri Jan 27, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Reached a milestone: $500K in Retirement Accounts
Replies: 44
Views: 5878

Re: Reached a milestone: $500K in Retirement Accounts

Fantastic stuff! Congratulations, you are an inspiration to us all!
by LateStarter1975
Wed Jan 25, 2017 11:26 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 7840

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Thank you Taylor for all your help and nuggets of wisdom in this forum. I've certainly benefited a lot from it. Many more beautiful years ahead !
by LateStarter1975
Thu Jan 19, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes owed 2016 as % of AGI?
Replies: 18
Views: 1202

Re: Taxes owed 2016 as % of AGI?

No, of course, we're not taking anything for granted. I was more interested in whether or not our total tax was a standard deviation (or two) above the mean for our AGI, even though I'm fairly certain we haven't missed any obvious deductions/deferments/contributions. You seem to be operating under ...
by LateStarter1975
Fri Jan 13, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 17055

Re: Best Financial Moves You've Made

Discovering and becoming a member of Bogleheads.org was by far my best financial move. Few months before I discovered this site, I had already had my financial wake up call. However this site has a way of stretching me to achieve goals I wouldn't have considered possible on my own. When I started sa...
by LateStarter1975
Tue Jan 10, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth IRAs: What You Need to Know
Replies: 3
Views: 515

Re: Backdoor Roth IRAs: What You Need to Know

Christine Benz did an excellent job of simplifying the Backdoor Roth for those not very familiar with it. It remains one of the most asked questions on this forum. Good article
by LateStarter1975
Tue Jan 10, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Doctors and retirement
Replies: 67
Views: 7375

Re: Doctors and retirement

arsenalfan wrote:Comparison can cause much unhappiness.


This
by LateStarter1975
Thu Jan 05, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: What is your age, asset allocation and total return year to date?
Replies: 15
Views: 1190

Re: What is your age, asset allocation and total return year to date?

ruralavalon is asking for your total return YTD in 2017, not your 2016 total return.
by LateStarter1975
Thu Jan 05, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth - not legal???
Replies: 18
Views: 3615

Re: Backdoor Roth - not legal???

I also disagree with Kitces on this. My waiting period between contribution and conversion is 1 day. I publicize this fact widely and have not yet heard from the IRS In 7 years of doing this. The idea that you're going to convince the IRS that you didn't really just contribute to a traditional IRA ...
by LateStarter1975
Thu Jan 05, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 7265

Re: 500K milestone celebration

NoD wrote:As someone who just crossed 200k portfolio, I really enjoy these 'check in' posts personally. They definitely keep me motivated to hit goals this high someday!

Congrats on half millionaire status! :sharebeer


You can say that again!
by LateStarter1975
Thu Jan 05, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 7265

Re: 500K milestone celebration

ReadyToRetire wrote:That is a HUGE deal! Don't let anyone tell you different. Congratulations!!!!!!!!!!!!!!!!!!!!!


+1
by LateStarter1975
Thu Jan 05, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Should I participate in 401K even if it's American Funds & no Match
Replies: 24
Views: 1550

Re: Should I participate in 401K even if it's American Funds & no Match

DSInvestor wrote:Max it out. Rollover to low cost IRA if/when you leave this job.


+1
by LateStarter1975
Wed Jan 04, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Opening first taxable account. Any issues with my plan?
Replies: 13
Views: 698

Re: Opening first taxable account. Any issues with my plan?

You should have a financial plan and then do what your plan says. In your situation, with limited information (for example, do you have any outstanding consumer debt?), I would open 529 plans for the kids first before I save in taxable. But my answer is likely flawed b/c I don't know your whole stor...
by LateStarter1975
Mon Dec 26, 2016 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: 17 years wasted. Want to do it myself now. Advice, please.
Replies: 57
Views: 9196

Re: 17 years wasted. Want to do it myself now. Advice, please.

You should start off on some self-education to learn more for yourself so you don't keep trusting other people to manage and invest your money for you (as you've discovered, most of them were not looking out for your best interest). A good place to start is the Wiki section of this forum. Then, you...
by LateStarter1975
Sat Dec 24, 2016 6:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You.
Replies: 98
Views: 7460

Re: My Christmas Gift to You.

Merry Christmas Taylor. We deeply appreciate your service 72 years ago and your service in this community!
by LateStarter1975
Sat Dec 24, 2016 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Extra Mortgage Payments or Put Extra In Savings?
Replies: 10
Views: 1193

Re: Extra Mortgage Payments or Put Extra In Savings?

mortfree wrote:Are you saving for retirement- maxing 401k, IRA?

As long as you have an EF you should be prioritizing retirement .

To answer the question as asked. Yes pay extra to the mortgage.


+1
by LateStarter1975
Fri Dec 23, 2016 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: 17 years wasted. Want to do it myself now. Advice, please.
Replies: 57
Views: 9196

Re: 17 years wasted. Want to do it myself now. Advice, please.

You should start off on some self-education to learn more for yourself so you don't keep trusting other people to manage and invest your money for you (as you've discovered, most of them were not looking out for your best interest). A good place to start is the Wiki section of this forum. Then, you ...
by LateStarter1975
Fri Dec 23, 2016 1:47 pm
Forum: Investing - Theory, News & General
Topic: Financial Independence is not the Holy Grail
Replies: 85
Views: 9348

Re: Financial Independence is not the Holy Grail

Sure, being able to do what I want when I want without ever having to worry about money is not appealing at all. It's much better to toil away making someone else financially independent. :? lol! I too agree that FI is really nice. I think part of the disconnect is that due to the nature of the job...
by LateStarter1975
Thu Dec 22, 2016 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Pre-pay mortgage vs Taxable?
Replies: 54
Views: 3817

Re: Pre-pay mortgage vs Taxable?

We have been pre-paying the mortgage to the tune of approximately an extra $15k each year toward principal, however, I'm starting to wonder if we should be putting this extra cash into a taxable Vanguard fund instead? With just $70k left, why stop now?? Pay it off and be done with it. You're maxing...
by LateStarter1975
Wed Dec 14, 2016 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4557

Re: What happens to those who don't invest?

Nothing will happen to them if they continue to not invest. They will likely depend on social security for most of their income. A few of them might get some windfalls (inheritances) but even with just social security, they will just be fine. Of course they will have to cut their lifestyle in retire...
by LateStarter1975
Tue Dec 13, 2016 7:11 pm
Forum: Personal Consumer Issues
Topic: Credit Karma offers Free Tax filing for 2017 regardless of income
Replies: 5
Views: 1110

Credit Karma offers Free Tax filing for 2017 regardless of income

I saw this article at Clark Howard's website and found it interesting. I know, there are some caveats but I'm just wondering what Credit Karma's strategy is here and how this could boost their business. http://www.clark.com/credit-karma-free-tax-filing-federal-state?utm_source=Clark+Said&utm_cam...
by LateStarter1975
Thu Dec 08, 2016 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 164
Views: 19711

Re: Retirement with $8M in investments

Bogleheads, This has been an interesting thread. However, I would like to ask where the original poster is? The poster has one post (this thread) to their name. Interesting considering the question and very high volume of responses. Makes you wonder if he wasn't just trolling for the fun of it...
by LateStarter1975
Wed Dec 07, 2016 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest after Retirement Accounts
Replies: 7
Views: 703

Re: Where to Invest after Retirement Accounts

I began my first professional job summer of last year. I have maxed out my 401k (Fidelity) and my Roth IRA (Vanguard) and will continue to do so each year. I feel I have too much money sitting in the bank (very low interest, BB&T) and would like to begin investing outside of retirement accounts...
by LateStarter1975
Mon Nov 28, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: "Where is the “Sweet Spot” for Passive Investing?"
Replies: 8
Views: 2318

Re: "Where is the “Sweet Spot” for Passive Investing?"

Mike Piper always keeps his explanations very simple and straight to the point. I like his blog and his books for that simplicity
by LateStarter1975
Sun Nov 27, 2016 7:15 pm
Forum: Personal Consumer Issues
Topic: Take the money or hold out?
Replies: 18
Views: 2655

Re: Take the money or hold out?

Take the money before they change their mind...
by LateStarter1975
Sun Nov 27, 2016 7:11 pm
Forum: Investing - Theory, News & General
Topic: From a 20-fund indexed portfolio, to a simple one
Replies: 12
Views: 1646

Re: From a 20-fund indexed portfolio, to a simple one

livesoft wrote:I've read all those books and have had a pretty simple portfolio. VTI, VBR, VEU, VSS, BND and some extras from tax-loss harvesting. Why are we different?


This is very close to what I do. Even though it's tilting, it's still very simple and uncluttered
by LateStarter1975
Sun Nov 27, 2016 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Best tax inefficient total market stock fund
Replies: 8
Views: 1113

Re: Best tax inefficient total market stock fund

It all depends on your AA and IPS. For me, I have my REIT fund in my Roth. Since it distributes a lot of dividends which are mostly taxed as ordinary income, it is best suited to be in a tax-free account like a Roth.
by LateStarter1975
Sun Nov 27, 2016 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI Question [Modified Adjusted Gross Income]
Replies: 6
Views: 1322

Re: MAGI Question

For MAGI, retirement contributions like 401k, 403b or 457b are not added back. The deductions that are usually added back to the AGI to come up with MAGI are the student loan interest and deductions for higher education expenses. So if you're confident that you will be making $180-185K household inc...
by LateStarter1975
Sun Nov 27, 2016 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Nearing Roth Contribution Limit - Check My Math?
Replies: 6
Views: 820

Re: Nearing Roth Contribution Limit - Check My Math?

Limits for Roth IRA contributions are based on modified AGI which is pretty close to your federal taxable wages from your pay-slips + all other income sources. From what you listed above, assuming there are indeed no other incomes, then I think you are safe since Roth contributions begins to phase o...
by LateStarter1975
Sun Nov 27, 2016 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Small Cap vs Large Cap Funds
Replies: 9
Views: 1668

Re: "Stay the Course"

My question is this: would it be a good thing to pull, say, 25% of those holdings out of VTI and put that into a good small cap ETF like VBR? I know this is really a forecasting question. Mr. Bogle answers your question in Common Sense on Mutual Funds : STAY THE COURSE. No matter what happens stick...
by LateStarter1975
Sun Nov 27, 2016 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my investments?
Replies: 16
Views: 1966

Re: Thoughts on my investments?

Congrats on being a dedicated saver. I recommend that you start investing in yourself buy attending college or a trade school in order to maximize your future earnings. An increased salary base, your saving habits, and time will get you where you want to be with regards to your future and retiremen...
by LateStarter1975
Sun Nov 27, 2016 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I hold in savings/ student loan help?
Replies: 9
Views: 1065

Re: How much should I hold in savings/ student loan help?

Paying off your debt (even if it means briefly stopping your retirement contributions) will give you a sure-fire return on your money. As you stated, you are earning nowhere near 4.9% - 6.8% on your cash. Keep just enough in savings for a couple of months of expenses. Use the surplus to eliminate t...
by LateStarter1975
Sun Nov 27, 2016 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 7686

Re: Why does the car dealer say leasing is cheaper than buying?

SimonJester wrote:You know how to tell when a car dealer is lying right? Their mouth is moving...

I guarantee anything they are telling you is in their favor not yours...


+1
by LateStarter1975
Sat Nov 26, 2016 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Rotate out of bonds?
Replies: 18
Views: 3682

Re: Rotate out of bonds?

nisiprius wrote:Calling it "rotation" doesn't make it different from "market timing."


This
by LateStarter1975
Sat Nov 26, 2016 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Keep it simple at high income level?
Replies: 35
Views: 7219

Re: Keep it simple at high income level?

1. White Coat Investor. 2. One house. 3. One spouse. 4. Look at so-called "financial advisors" with a jaundiced eye. If one of them presses you on wanting to be your pickpocket advisor, tell him or her that your money is already being managed by an imaginary person who (pick one): - Was y...
by LateStarter1975
Sat Nov 26, 2016 10:21 pm
Forum: Investing - Theory, News & General
Topic: I'm A Lapsed Indexer. Is Value Investing Better?
Replies: 24
Views: 3799

Re: I'm A Lapsed Indexer. Is Value Investing Better?

David Jay wrote:I hold Total Stock, Total International Stock and tilt with 10% Small Cap Value (VSIAX/VBR).


I do something similar too
by LateStarter1975
Sat Nov 26, 2016 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Stupid question on Emergency Fund
Replies: 21
Views: 3410

Re: Stupid question on Emergency Fund

John Laurens wrote:I think of my emergency fund as insurance. I'm happy with whatever rate a convenient FIDC insured account provides. At some point it becomes such a small part of your net worth that a paltry interest rate becomes meaningless.


+1
Keep it simple!
by LateStarter1975
Sat Nov 26, 2016 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Side Hustle Money - I Want To Invest It
Replies: 4
Views: 985

Re: Side Hustle Money - I Want To Invest It

Hi - Thanks for your reply. I can answer most of those questions: Emergency Funds: 3-6 months: Yes Debt: School loans - Approx. $30,000 Tax Filing Status: Single - No Dependants Tax Rate: State: TN Age: 35 Desired Asset Allocation: 65 stock/35 bonds Desired International Allocation: Modest income o...
by LateStarter1975
Wed Nov 23, 2016 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up a college fund for my neice
Replies: 15
Views: 1557

Re: Setting up a college fund for my neice

If your state does not offer tax deductions for contributions to a 529 plan, then the Utah 529 plan is probably the best option in the country. But NY state plan is also very good
by LateStarter1975
Mon Nov 21, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 7267

Re: Double Check Figures: Affording $1M Home

HardHitter, You had asked the same question many times. And, the answer had come back to a no from many people. But, you keep on trying. Then, you start a new thread with a less information and / or a slight twist in order to fish for a yes from someone. When are you going to stop and listen for a ...

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