Search found 351 matches

by Rainmaker41
Fri Jun 16, 2017 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Permanent job (finally), curious 403b match; thoughts?
Replies: 6
Views: 632

Permanent job (finally), curious 403b match; thoughts?

Thank you Bogleheads! After 1.5 years with my employer as a temp whose contract kept being extended, I now have an offer for a full-time permanent job from July onward. I was to be laid off at the end of June from my department, but was invited to apply for a position in an expanding department. I h...
by Rainmaker41
Tue Jun 06, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: [Moving to] Washington, DC Navy Yard Area
Replies: 12
Views: 1097

Re: Washington, DC Navy Yard Area

Your feet are more reliable than the metro, which is more reliable in turn than attempting to drive in DC during rush hour (or ever really).
by Rainmaker41
Wed May 24, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Transfer existing 401K to SEP-IRA or Solo 401K ?
Replies: 3
Views: 137

Re: Transfer existing 401K to SEP-IRA or Solo 401K ?

IMPORTANT: He does NOT want to have to offer the new SEP or Solo 401K to his employees. Too much headache right now. This is why the IRS has nondiscrimination testing and requires 401k plans to be available to most employees, with allowed exclusions until X hours worked, etc. Congress has decreed t...
by Rainmaker41
Thu May 18, 2017 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better to stay at 19 or 24 paychecks per year?
Replies: 18
Views: 1677

Re: Is it better to stay at 19 or 24 paychecks per year?

you're giving them a 0% loan if you do 24 paychecks. I'm making a couple assumptions here, but with 19 paychecks, by August 15 you will have received about 52% of your yearly pay. If you were paid 24 times a year, by August 15 you will have received 62.5% of your yearly pay. Taking 19 paychecks is ...
by Rainmaker41
Tue May 16, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7646

Re: Article: "Our emergency fund is exactly $0.00"

My job is not guaranteed. I don't have taxable investments, only taxable cash. The opportunity cost of sacrificed theoretical long-term gains is the premium I pay to insure myself against hefty emergencies. This self-insurance package also includes not having to worry about complicated or stress-in...
by Rainmaker41
Tue May 16, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7646

Re: Article: "Our emergency fund is exactly $0.00"

My job is not guaranteed. I don't have taxable investments, only taxable cash. The opportunity cost of sacrificed theoretical long-term gains is the premium I pay to insure myself against hefty emergencies. This self-insurance package also includes not having to worry about complicated or stress-ind...
by Rainmaker41
Mon May 15, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads buy cars?
Replies: 71
Views: 7489

Re: How do Bogleheads buy cars?

Caduceus wrote:I think the new generation of Bogleheads will just uber everywhere. No more car purchases. :D


I just walk or failing that take public transit. Taking a taxi/Uber unnecessarily goes against the tightfisted way I was raised. :)
by Rainmaker41
Fri May 12, 2017 8:01 am
Forum: Investing - Help with Personal Investments
Topic: 403b election withheld, but not all contributed to plan
Replies: 4
Views: 512

Re: 403b election withheld, but not all contributed to plan

Update: My employer made a corrective contribution to my account, so my 403b is now good for pay through the middle of April. Now I just have to contend with late 403b contributions in general. I am now paid via ACH transaction initiated on the first business day after the 15th and end of the month ...
by Rainmaker41
Sat May 06, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: savings account versus money market fund
Replies: 13
Views: 2199

Re: savings account versus money market fund

Capital One 360 has a Money Market Account . If you want to stay at Capital One, the $10k minimum MMA offers 1% APY. You can have less than $10k in the MMA, but the interest will be less; 0.60% APY. Given your setup, moving all 'savings' designated cash to the MMA makes sense to me. Other online ban...
by Rainmaker41
Fri May 05, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Which to Fund First? Roth IRA vs 401k
Replies: 10
Views: 782

Re: Which to Fund First? Roth IRA vs 401k

The standard thinking in general is to: 1. first contribute to the 401k up the employer match to essentially increase your gross salary via savings. 2. then contribute to your IRA (Roth or traditional pre-tax as you judge sensible) if that gives access to lower ER investments. Your calculations are ...
by Rainmaker41
Fri May 05, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 46
Views: 2144

Re: When you didn't have 401(k)/403(b), did you have IRA?

So what nudges can the free market provide? 1. The desire to save. 2. The means to save. Sufficient income decently above the poverty level to do so. 3. The know-how to save efficiently. Educational efforts by non-state entities (AARP? Bogleheads? etc.) on the need and know-how to invest for retire...
by Rainmaker41
Fri May 05, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 46
Views: 2144

Re: When you didn't have 401(k)/403(b), did you have IRA?

Someone linked to an enlightening report in another thread. Who actually contributes to Individual Retirement Accounts (not including Bogleheads :wink: )? Interesting report by Center for Retirement Research at Boston College. Here's the link: http://crr.bc.edu/wp-content/uploads/2017/04/IB_17-8.pdf...
by Rainmaker41
Fri May 05, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: U.S. SEC approves request to list quadruple-leveraged ETFs
Replies: 27
Views: 2217

Re: U.S. SEC approves request to list quadruple-leveraged ETFs

Please tell me this is a joke. I didn't even know leveraged ETFs existed; seems their purpose is to make day trading even more volatile and casino-like.
by Rainmaker41
Thu May 04, 2017 2:07 pm
Forum: Investing - Theory, News & General
Topic: Are we all forgetting our taxable accounts?
Replies: 79
Views: 9856

Re: Are we all forgetting our taxable accounts?

We are contributing to tax-advantaged retirement accounts to the extent we can afford now (age 26), understanding that with this savings rate our retirements might be over-funded under optimistic scenarios. If we want to "withdraw" from retirement accounts later pre-retirement, we would do...
by Rainmaker41
Wed May 03, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: [POLL] What is your personal saving rate?
Replies: 63
Views: 8035

Re: [POLL] What is your personal saving rate?

Based on 2016 tax and personal records, I show an individual gross pre-tax equivalent savings rate of 41% of income contributed to retirement accounts, from gross earnings less than $35,000. For 2017, we hope for a joint gross savings rate of 34%. $11k to Roth IRAs and $6k to 403b, for a pre-tax tot...
by Rainmaker41
Wed May 03, 2017 8:16 am
Forum: Investing - Theory, News & General
Topic: Who Contributes to IRA's?
Replies: 8
Views: 1164

Re: Who Contributes to IRA's?

They left out low to middle-income dual earner households, who happen to be frugal, and thus contribute to IRAs first in preference to a higher-fee 401k/403b work plan. 8-)

Where are we in those statistics? Ha.
by Rainmaker41
Tue May 02, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Using Roth IRA as a savings account?
Replies: 32
Views: 3089

Re: Using Roth IRA as a savings account?

Thanks Rainmaker, This pretty much sums up how I see it as well. Which fund are you using in the Roth for the cash savings you are transferring over? If at the start of April 2018 we haven't filled up our 2017 Roth IRA space, I guess we'd just use the plain cash settlement fund. We wouldn't make an...
by Rainmaker41
Tue May 02, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: Buying a diamond ring
Replies: 57
Views: 3550

Re: Buying a diamond ring

I bought my now-fiancee's engagement ring at:

http://www.bluenile.com

The value stated on the documentation in the package, presumably for insurance purposes, was non-trivially in excess of the price I paid. That is to say, stores markup the price for a given piece of given quality.
by Rainmaker41
Wed Apr 26, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Using Roth IRA as a savings account?
Replies: 32
Views: 3089

Re: Using Roth IRA as a savings account?

In the event we have a shortfall in maxing out our Roth IRA contribution space for 2017, we would just transfer cash savings into the Roth IRAs by April 2018. As future income allows, the cash inside Roth IRAs would be invested, and the corresponding bank account account cash reserve deficit filled ...
by Rainmaker41
Sat Apr 22, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 72
Views: 9310

Re: Ally Bank - Savings Account Rate Increased!

The annualized dividend from total stock market VTSAX is generally greater than 1.05% and is taxed more favorably. Boo to savings accounts! Yes yes yes... but some of us like cash reserves and don't have taxable investments. I don't mind the minor inefficiency when it'd be a hassle to keep cash in ...
by Rainmaker41
Sat Apr 22, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: Single most important investing advice?
Replies: 97
Views: 11763

Re: Single most important investing advice?

"Hurdle Number One: Even if you can invest like Warren Buffet, if you can't save, you'll die poor."

https://www.etf.com/docs/IfYouCan.pdf
by Rainmaker41
Sat Apr 22, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 72
Views: 9310

Re: Ally Bank - Savings Account Rate Increased!

It's about time... I've been enjoying the 1.30% no minimum 12 month CD. This is nice, too Haha yes. I grabbed the 1.25% 11 month no penalty CD last November or December, but then closed it this March to fund the $10k minimum Capital One MMA to get the $200 bonus. Now the cash in question is sitting...
by Rainmaker41
Sat Apr 22, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 14328

Re: Social Security for Millennials

If social security remains solvent and provides as promised, apparently we do not need to save for retirement. ^ I nominate this for Boglehead Quote of the Year. ;) Yes, there are people with low enough expenses that they could live on Social Security alone. Especially in the Midwest. Knpstr is in ...
by Rainmaker41
Mon Apr 17, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: 403b election withheld, but not all contributed to plan
Replies: 4
Views: 512

Re: 403b election withheld, but not all contributed to plan

I called Principal this evening, and learned that Principal had received the (incorrect, lower) amounts for my account, suggesting the issue is with HR's reporting and/or payments to Principal. I suspect what may have happened is that HR froze the values used in the reporting/payments to Principal d...
by Rainmaker41
Mon Apr 17, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: How to migrate to better retirement plan?
Replies: 8
Views: 1061

Re: How to migrate to better retirement plan?

Welcome. You have definitely come to the right place. You do not need an AUM 'Advisor'/wealth manager under any circumstances whatsoever. It could easily be prudent to consult an hourly-fee only tax accountant and/or hourly-fee only CFP for order of withdrawal ideas, but it is probably best to get a...
by Rainmaker41
Mon Apr 17, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: 403b election withheld, but not all contributed to plan
Replies: 4
Views: 512

Re: 403b election withheld, but not all contributed to plan

The 403b is with Principal. It is remotely possible there is a sudden new 34% load fee... haha... although there was never any discrepancy at all in the past, from end-May 2016 through mid-Feb 2017. I'm near certain it was a system bug due to payroll changes. I said as much, but mentioned that it mi...
by Rainmaker41
Mon Apr 17, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: 403b election withheld, but not all contributed to plan
Replies: 4
Views: 512

403b election withheld, but not all contributed to plan

I recently noticed a discrepancy between my 403b withholding shown on my paystubs (and reflected in net pay received by direct deposit) and the actual amounts contributed to the plan from the end of February to the end of March (3 payrolls, although it might still be the case for the mid-April one)....
by Rainmaker41
Mon Apr 17, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: is it too late for backdoor roth?
Replies: 7
Views: 583

Re: is it too late for backdoor roth?

If you are very very fast, you can get the 2016 traditional IRA contribution in by the 18th. Then, convert it to Roth at your discretion and leisure.
by Rainmaker41
Sun Apr 16, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: New law will ban NYC employers from asking about salary history
Replies: 15
Views: 1852

Re: New law will ban NYC employers from asking about salary history

It's a free market. The value of a prospective hire to a company is not what they were paid before; it is the value of what they will do for the new company. In any other market, the best thing goes to the highest bidder. Workers bid salaries to employers, and employers bid salaries to workers, such...
by Rainmaker41
Fri Apr 14, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Fees
Replies: 5
Views: 465

Re: Roth IRA Fees

You are not just reducing fees. You are also changing the asset allocation to not include international allocations of 40% of stocks and 30% of bonds. Do you intend to do this?
by Rainmaker41
Fri Apr 14, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth contribution more than $5500?
Replies: 5
Views: 670

Re: Backdoor Roth contribution more than $5500?

Isn't the $0.84 rounded up to $1 just the interest earned from the $5,500 contributed to the IRA? You only contributed $5,500; you haven't done an excess contribution. It's not your fault you earned interest on the account... When I did a Roth Conversion, the earnings in the T-IRA were just added to...
by Rainmaker41
Fri Apr 14, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 25712

Re: Age when you started to max out your retirement accounts?

triceratop wrote:I'm stashing away 40% of gross in my early to mid 20s but it is because I am pessimistic about future returns -- I doubt I will see 5 iterations of doubling despite up to a 70 year investing horizon. This motivates me to save more.


Same thinking here.
by Rainmaker41
Fri Apr 14, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: What do you do with your coins?
Replies: 76
Views: 4614

Re: What do you do with your coins?

What cost $.01 in 1950 would cost $0.10 in 2016. http://www.westegg.com/inflation/ Because of inflation, pennies are monetarily pointless. 1950 didn't have 1/10th of a cent coins, so why do we need coins with that value now? :confused :moneybag :P To actually answer the question, I do almost all of ...
by Rainmaker41
Fri Apr 14, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 25712

Re: Age when you started to max out your retirement accounts?

I was 25 when I opened and maxed out a Roth IRA for 2015. My fiancee is the same age, and did the same for 2016. We plan to contribute the full $11,000 for both of us every year until retirement as our bare minimum acceptable savings target. I also contribute 1/3 of the limit to my 403b; $6-7k annua...
by Rainmaker41
Thu Apr 13, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 133
Views: 16797

Re: What % of your income have you converted to wealth?

Doing this sort of calculation will become nontrivial after a few decades, but... Age 27 (for tax year), worked 2014-2017 so far. Defined as earnings subject to FICA. % of cumulative income, adjusted for inflation, converted to wealth in retirement accounts by end of Q1 2017: 29.66% without Roth gro...
by Rainmaker41
Thu Apr 13, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Windfall for someone on Medicaid
Replies: 12
Views: 1795

Re: Windfall for someone on Medicaid

In my state (and presumably nationally) Medicaid is based on monthly income, not annual income. This is logical, because it is easier for someone to acquire demonstrate recent paystubs than the previous year's tax return and supporting documents (especially if they do not have meticulous records), a...
by Rainmaker41
Wed Apr 12, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: ~20 year long investing
Replies: 17
Views: 1519

Re: ~20 year long investing

Sounds like you won't have much time at all to check your accounts, let alone tinker with them in any way. I figure you want to set up Vanguard to draw $6,000 per month ($3,000 twice a month, etc.) from your operational/checking account. Leave a buffer for payroll issues since you won't be devoting ...
by Rainmaker41
Wed Apr 12, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: Helping a friend move retirement $ to Vanguard
Replies: 4
Views: 555

Re: Helping a friend move retirement $ to Vanguard

His money at Edward Jones was (presumably) *already invested* (probably in a vaguely appropriate for his age target date fund). He has sold that investment for cash, which is now in a Vanguard IRA (is that correct?). The question he needs to ask is not what investment he should get into, but rather ...
by Rainmaker41
Tue Apr 11, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard Targeted Retirement Fund too risky?
Replies: 10
Views: 1223

Re: Is Vanguard Targeted Retirement Fund too risky?

There are many kinds of risk. Volatility and potential for short-term losses is one of them. A 90% stock fund stands to lose more in a stock market decline than a comparable fund which holds a lower % in stock, all else equal. By the same token, a 90% stock fund is expected to have greater returns i...
by Rainmaker41
Tue Apr 11, 2017 8:01 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 14328

Re: Social Security for Millennials

knpstr wrote:If social security remains solvent and provides as promised, apparently we do not need to save for retirement.


^ I nominate this for Boglehead Quote of the Year. ;)
by Rainmaker41
Tue Apr 11, 2017 4:34 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 14328

Re: Social Security for Millennials

Well, I certainly hope we get what we are promised. Using SSA.gov "quick calculator" my monthly (inflated) benefits are estimated at: Age 62: $5,590/mo 67: $9,188/mo 70: $12,423/mo But I still consider it foolish to adjust my savings down and become voluntarily dependent upon it seeing th...
by Rainmaker41
Tue Apr 11, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Should I just invest in one Mutual Fund
Replies: 25
Views: 1671

Re: Should I just invest in one Mutual Fund

NewIInvestor: I don't have kids or a mortgage myself, but I figure that must make tax calculations a tad less trivial. :) I've found this income tax calculator helpful. I now have my own spreadsheet, but I used the online calculator to teach myself how everything works. I had to research my state's ...
by Rainmaker41
Tue Apr 11, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Should I just invest in one Mutual Fund
Replies: 25
Views: 1671

Re: Should I just invest in one Mutual Fund

Welcome! Is this investment for retirement? What account do you intend to hold this investment in? 401k? pre-tax Tratidional IRA? Roth IRA? This investment would not be for retirement. I was planning on just opening an individual Brokerage Account. Is this a poor idea? Aha. I thought that might be ...
by Rainmaker41
Tue Apr 11, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Should I just invest in one Mutual Fund
Replies: 25
Views: 1671

Re: Should I just invest in one Mutual Fund

Welcome! Is this investment for retirement? What account do you intend to hold this investment in? 401k? pre-tax Tratidional IRA? Roth IRA? What funds are available in your 401k's and education savings accounts? Help with your whole portfolio is available here, so edit your post to give this informa...
by Rainmaker41
Mon Apr 10, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute Extra to Social Security?
Replies: 8
Views: 688

Re: Contribute Extra to Social Security?

Social Security is an old age social insurance program, not an investment. If you wish to invest in government assets, purchase savings bonds from the Treasury. To 'contribute' more to Social Security and thus generate a greater Primary Insurance Amount, you must earn more income which is subject to...
by Rainmaker41
Mon Apr 10, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: myRA G Fund 'holding tank' for Roth IRA contributions
Replies: 3
Views: 501

Re: myRA G Fund 'holding tank' for Roth IRA contributions

However I see nothing to indicate you can do a partial roll-over; so then you are in a delicate position where the extent to which you use the account (the balance) for its higher interest rate results in you hitting the balance cap sooner. I looked at myRAs at one point and decided it wasn't worth...
by Rainmaker41
Mon Apr 10, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: myRA G Fund 'holding tank' for Roth IRA contributions
Replies: 3
Views: 501

myRA G Fund 'holding tank' for Roth IRA contributions

My idea may not be worth the effort, but I wanted to bounce it off the good people of this forum. Currently, I contribute $250 twice a month (except December) to my Vanguard Roth IRA. I have a separate sum of reserve cash that must be kept on hand which exceeds the $5,500 IRA limit. My harebrained s...
by Rainmaker41
Fri Apr 07, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 14328

Re: Social Security for Millennials

None of these correlate with each other. Fair enough. To be honest, my main goal was to create a thread that would allow us to discuss Social Security without it getting locked. I just wanted to throw out some vague starting points to get the ball rolling. I didn't think my rough numbers would be t...

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