Search found 25 matches

by Nozzle
Sun Jun 26, 2016 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Catch-22 situation accessing VG form related to "Frozen SIMPLE IRA"
Replies: 3
Views: 306

Re: Catch-22 situation accessing VG form related to "Frozen SIMPLE IRA"

You'll probably need to call Vanguard customer service to initiate the transfer. I ran into the same thing a few weeks ago when trying to transfer an old SIMPLE IRA to VG solely online, and the proper form wasn't listed among the choices. Best of luck!
by Nozzle
Fri Feb 05, 2016 11:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard looking for a CFO
Replies: 6
Views: 1622

Re: Vanguard looking for a CFO

cadreamer2015 wrote:
A search is already under way for the new finance boss, who will join a group of 11 executives leading the $3.1 trillion money manager and report directly to Chief Executive Officer F. William McNabb III.

Sure hope this doesn't mean fees are going up :annoyed
by Nozzle
Thu Jan 14, 2016 11:35 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Follow these 4 Investing Rules
Replies: 14
Views: 4025

Re: Jack Bogle: Follow these 4 Investing Rules

Interesting that Bogle has changed from 60/40 to 50/50. To all those that strictly adhere to Bogle's own investment style (US-only, fixed allocation, etc) just remember this move is what he decided is best for him, and doesn't necessarily mean it is best for you. :wink:
by Nozzle
Mon Jan 11, 2016 6:28 pm
Forum: Personal Consumer Issues
Topic: Password Management and Safekeeping
Replies: 80
Views: 7800

Re: Password Management and Safekeeping

mchop wrote:No votes for Enpass?

I use Enpass - it works wonderfully, and syncs to your choice of iCloud or Dropbox. Works on all platforms, I believe.
by Nozzle
Wed Jan 06, 2016 6:00 pm
Forum: Investing - Theory, News & General
Topic: Our company just added a Roth 401(k) option, but....
Replies: 6
Views: 853

Re: Our company just added a Roth 401(k) option, but....

My employer's Roth 401k option has the same limitation. I can think of two reasons why such plans are set up this way: 1) makes it easy for traditional 401k plans to offer a Roth 401k option, and 2) later on, the tax implications of each portion of your portfolio can be determined with a single numb...
by Nozzle
Mon Jan 04, 2016 4:02 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST
Replies: 657
Views: 26654

Re: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST

2187, because reasons
by Nozzle
Mon Jan 04, 2016 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K
Replies: 12
Views: 1022

Re: Roth 401K

I also send 100% of 401k contributions to the traditional side but have considered putting some in the Roth 401k side. Meanwhile I have a separate Roth that I contribute to directly. Talked to my CPA about both options and, in my case, it was best to leave things as they are. That way I "hedge ...
by Nozzle
Thu Aug 13, 2015 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Why do certain employers make you wait a year to contribute to 401k?
Replies: 34
Views: 3915

Re: Why do certain employers make you wait a year to contribute to 401k?

Most employers offering a 401k program also offer some sort of matching contribution. They can avoid this extra cost by delaying it a year and ensuring they have a committed and functioning employee. It's similar to the reason why most employers offering health insurance make you wait 90 days before...
by Nozzle
Fri Apr 17, 2015 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 7645

Re: My job says I can't work for anyone else...

FRx wrote:I'm wondering, how enforceable is this?

In addition to what others have said, it also depends on state law. Example: here in California non-compete agreements are unenforceable thanks to tech company lobbying and their practice of poaching top talent from one another.
by Nozzle
Mon Mar 30, 2015 10:35 am
Forum: Investing - Theory, News & General
Topic: How many of you invest in individual stocks?
Replies: 70
Views: 7907

Re: How many of you invest in individual stocks?

I have a significant position in one stock -- my employer. Everything else is in mutual funds. After IPO I plan to divest and reinvest solely in index funds. It was a fun ride but I've accepted it as a once in a lifetime opportunity.
by Nozzle
Thu Mar 26, 2015 5:40 pm
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 138
Views: 19199

Re: What was your costliest investment mistake?

Bought a new condo in '03 for $192K with no $ down. Steep appreciation. HELOC (yay, free money!). Refi in '05 with appraised value of $345K (!!). Started renting it out while considering selling it. By the time I listed it, the market was in freefall - and I never caught up. Bottomed out around $110...
by Nozzle
Fri Aug 08, 2014 2:59 pm
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 21785

Re: The Worst Investment You Can Make: Buying a Home

I didn't check out the 20-input calculator this article points to, but the article itself omits some important variables such as inflation, tax considerations and a long list of risks associated with renting (e.g. property owners putting their tenants' home up for sale). Not to mention the article o...
by Nozzle
Fri May 10, 2013 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Convert SIMPLE to Roth? Advisor: Stay with American Funds
Replies: 14
Views: 7128

Re: Convert SIMPLE to Roth? Advisor: Stay with American Fund

Here's a list of some of the discount brokers offering incentives. It was posted over a year ago, but appears to be up to date. Of course, you'll want to confirm the incentive is still being offered before opening the account. http://thefinancebuff.com/huge-bonus-offers-from-brokers-fidelity-schwab...
by Nozzle
Fri May 10, 2013 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Convert SIMPLE to Roth? Advisor: Stay with American Funds
Replies: 14
Views: 7128

Re: Convert SIMPLE to Roth? Advisor: Stay with American Fund

Wow, thanks for all the great feedback! There was a long email conversation between myself and this adviser. He really is a nice guy and seems knowledgeable. But all his reasons for staying with him and/or American Funds were debunked by your posts. If I were keeping the SIMPLE and never contributin...
by Nozzle
Thu May 09, 2013 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Convert SIMPLE to Roth? Advisor: Stay with American Funds
Replies: 14
Views: 7128

Convert SIMPLE to Roth? Advisor: Stay with American Funds

First off I want to thank you all for making this forum so practical and educational. When I first began saving for retirement I knew very little about investing. I started visiting this site a few months ago and have since become a believer in index funds, age-appropriate equities/bonds AA, the pow...
by Nozzle
Thu May 09, 2013 3:13 pm
Forum: Personal Consumer Issues
Topic: How Much Did You Spend on Your Engagement Ring??
Replies: 289
Views: 28073

Re: How Much Did You Spend on Your Engagement Ring??

Back in 2001 I spent $2500 on a custom engagement ring. We actually designed it together which was a great experience. I agree with an earlier poster that said the two should talk about it like adults and make sure you're on the same page. Doing this ensured she got exactly what she wanted and it di...
by Nozzle
Thu May 09, 2013 12:23 pm
Forum: Investing - Theory, News & General
Topic: Great "investing" article
Replies: 8
Views: 2231

Great "investing" article

Reading this made me smile: http://blogs.wsj.com/moneybeat/2013/05/08/better-than-buffett-this-investor-made-me-rich-for-life/ For me it was a great reminder of what's important in life and not to obsess over money. I think it also plays well into the Boglehead mindset of simplicity and staying the ...
by Nozzle
Fri Apr 19, 2013 6:48 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey and 7%
Replies: 46
Views: 9543

Re: Dave Ramsey and 7%

I never did a budget in my life. So you're single? :) One thing Dave teaches is that most marriages have one nerd and one "free spirit". I am definitely the nerd (saver, budget-conscious) whereas Mrs. Nozzle is... um, not. The only reason we have a budget is because she needs financial bo...
by Nozzle
Wed Apr 17, 2013 6:28 pm
Forum: Investing - Theory, News & General
Topic: Do billionaires use Vanguard?
Replies: 31
Views: 5621

Re: Do billionaires use Vanguard?

If I was a billionaire, I would believe I am better at creating wealth than through standard index investing. How else would I have become a billionaire in the first place? Inheritance 8-) In index funds, no, this could not happen. But in individual stocks, sudden moves of $100M or more could be a ...
by Nozzle
Wed Apr 17, 2013 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help me manage a $7 million portfolio.
Replies: 105
Views: 17302

Re: Help me manage a $7 million portfolio.

Another reason to do this: Using an experienced 3rd party removes you from all responsibility. "Never do business with friends or relatives, as you will lose your friends and you can't get rid of your relatives." If things go wrong, you will get blamed. It doesn't matter what caused it, o...
by Nozzle
Fri Apr 12, 2013 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Putting privately-held company stock into a Roth IRA
Replies: 11
Views: 5106

Re: Putting privately-held company stock into a Roth IRA

On another note, it's a bit dangerous to own too much of the company you work for, for obvious reasons. What dangers should I be looking out for? Your in danger of specific company risk. There are a lot of events that can affect a single company that won't affect the stock market as a whole. For ex...
by Nozzle
Fri Apr 12, 2013 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Putting privately-held company stock into a Roth IRA
Replies: 11
Views: 5106

Re: Putting privately-held company stock into a Roth IRA

Thanks for all your input. Sounds like there are a couple things working against my idea: 1) already owning the shares outside an IRA and 2) being employed at that company. There is too much legwork, cost and inherent risk involved in going this route. I guess paying capital gains on a post-IPO stoc...
by Nozzle
Thu Apr 11, 2013 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Putting privately-held company stock into a Roth IRA
Replies: 11
Views: 5106

Re: Putting privately-held company stock into a Roth IRA

If you have any ownership or relationship to the business, there will be restrictions on what you can do/buy. Beginning in June I will be an employee of this company (again). Sounds like that might complicate things a bit. I've been reading up on self-directed IRAs and will research it further. Tha...
by Nozzle
Thu Apr 11, 2013 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Putting privately-held company stock into a Roth IRA
Replies: 11
Views: 5106

Re: Putting privately-held company stock into a Roth IRA

Thanks for the reply!
Alan S. wrote:... you can make the contribution in cash and then buy the shares in your Roth.

If I already own the shares how to I buy them again? Are you saying I can use cash inside the Roth to buy an asset outside the Roth even if I own it?
by Nozzle
Thu Apr 11, 2013 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Putting privately-held company stock into a Roth IRA
Replies: 11
Views: 5106

Putting privately-held company stock into a Roth IRA

Is it possible to transfer stock I own in a privately-held company into a Roth IRA? If so, how would its current market value be determined? My idea is to put shares into the Roth in anticipation of the company's IPO, resulting in significant tax-free gains when the shares are eventually sold. Since...

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