Search found 418 matches

by Rainmaker41
Fri Feb 09, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Is there a way to figure 2018 taxes?
Replies: 18
Views: 2176

Re: Is there a way to figure 2018 taxes?

This one works well for regular Federal income, capital gains, etc. I'm not aware of a Social Security one.

https://www.calcxml.com/calculators/tru ... calculator
by Rainmaker41
Thu Jan 18, 2018 10:45 pm
Forum: Personal Consumer Issues
Topic: Tax software needed: two states & capital loss
Replies: 3
Views: 302

Tax software needed: two states & capital loss

Hello. We need to file taxes for 2017 with the following parameters: 1. Federal Married Joint Report both a capital gain and a capital loss for a net short term capital gain 2. Mock-up federal married filing separate to inform the preparation of: 3. State 1 partial year for spouse A, married filing ...
by Rainmaker41
Thu Jan 11, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 71
Views: 4041

Re: Poll: BHs who rent - what % of gross do you spend on rent?

19.4% of gross household income in a high cost of living city. (includes heating & water) We (couple) rent a comparatively cheap studio in a building whose price is about 78% of the average for the city. Our income is slightly above the city's median household income, but we have no kids. In other w...
by Rainmaker41
Wed Jan 10, 2018 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help with choosing funds in new 403b
Replies: 1
Views: 129

Help with choosing funds in new 403b

My wife is starting a new job, and we would like to check our planned funds for the new 403b. Situation Emergency funds: 6 months’ expenses Debt: $0 Tax Filing Status: Married Filing Jointly Marginal Tax Rates: 12% Federal, 6% State State of Residence: DC Age: 27 Desired Asset allocation: 80% stock ...
by Rainmaker41
Fri Jan 05, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: End of December 401K Contribution hitting 2018?
Replies: 12
Views: 513

Re: End of December 401K Contribution hitting 2018?

Plan contributions count as of the payday for taxes & contribution limit, but are not contributed and invested until funds are actually deposited with the plan. The pay-stub is authoritative. In your 401k account, can you run a report of 2017 total contributions, and does that agree with your end-20...
by Rainmaker41
Wed Jan 03, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: 403b error: over-contribution vs. deductions & late deposits
Replies: 0
Views: 79

403b error: over-contribution vs. deductions & late deposits

I have something of an interesting puzzle here. I have discovered that employee contributions to my 403b account during 2017 exceeded deductions on my pay-stubs by an amount well under (less than) $1,000. This is not due to the employer match; that is accounted for separately and was made in the cor...
by Rainmaker41
Tue Jan 02, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 164
Views: 17969

Re: Max It Out Tomorrow [your IRA]

We just submitted the orders to contribute $11,000 to our Roth IRAs. :) This was a momentous occasion, because we will probably never again have substantial taxable assets beyond cash reserves on hand. We just happened to have a large surplus due to 2017 expenses being lower than anticipated. Going ...
by Rainmaker41
Mon Jan 01, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Review our Investment Policy Statement
Replies: 1
Views: 259

Review our Investment Policy Statement

Hello Boglehead Community. Please review this Investment Policy Statement. :happy Investment Policy Statement 2018 Investment Objectives Financial Independence by age 60 (end of 2050) - $1,500,000 (2018 dollars) portfolio at age 60 - $60,000 (2018 dollars) annual withdrawal age 60-100, including $34...
by Rainmaker41
Mon Jan 01, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Maxing out 401k Contributions
Replies: 11
Views: 943

Re: Maxing out 401k Contributions

Put 10%. The payroll software should stop the contributions once the $18,500 maximum is reached (it would at my employer). If it does not, your employer will have to fix the issue, and that will serve as incentive to allow $ amounts on the form in the future. To protect yourself even more, on the fo...
by Rainmaker41
Sun Dec 31, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Plan w/not great options. Is BASMX decent enough to survive on?
Replies: 8
Views: 382

Re: 403b Plan w/not great options. Is BASMX decent enough to survive on?

I also have a small nonprofit 403b. The ERs of the S&P500, mid, and small cap index funds are .42. An ER of .33 is good by that standard.
by Rainmaker41
Wed Dec 20, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 12 month CD now 2.00%
Replies: 64
Views: 12847

Re: Ally Bank 12 month CD now 2.00%

Just put a chunk of our cash reserve into this.
by Rainmaker41
Fri Dec 15, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA Holders: How Many Of You Max Your Contribution On January 1st?
Replies: 41
Views: 3278

Re: ROTH IRA Holders: How Many Of You Max Your Contribution On January 1st?

Normally we will put $11k in Roth IRAs over the year evenly, and put what is not needed into work retirement plans. However, we didn't have to spend as much as we anticipated during 2017, so we have too much cash lying around. We have the unusual opportunity to max out the IRAs at the start of 2018....
by Rainmaker41
Thu Dec 14, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing out my TSP while deployed
Replies: 7
Views: 890

Re: Maxing out my TSP while deployed

The $18,500 annual limit is aggregated across all employee pre-tax and Roth contributions under age 50. I don't know anything about contributions from tax-exempt from deployment pay, so I can't comment on that.
by Rainmaker41
Thu Dec 07, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Help with automating all month-to-month bills
Replies: 10
Views: 1071

Re: Help with automating all month-to-month bills

Rent: Paid manually by ACH pull. - No ACH push option, and the autopay agreement had all kinds of restrictive language in it. Electricity: Paid manually by ACH push from checking - Credit Card would incur a fee. Internet: autocharged to credit card Phones: autocharged to credit card Credit Cards: Pa...
by Rainmaker41
Wed Dec 06, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: "Financial Shock" wealth
Replies: 33
Views: 6348

Re: "Financial Shock" wealth

Great article. Thanks for sharing. This really puts things in perspective and makes me feel fortunate.
by Rainmaker41
Tue Dec 05, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio checkup & review 2018 fiscal plan (now married)
Replies: 4
Views: 679

Re: Portfolio checkup & review 2018 fiscal plan (now married)

After consideration, we have decided on Plan C. We will fill up at a minimum 2 Roth IRAs and 1 403(b) in 2018. If a second 403(b) becomes available (probably along with somewhat more income), we will fill that up during 2018, which will draw down most of our excess cash by the end of the year. We'd ...
by Rainmaker41
Wed Nov 22, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: New Roth IRA @Vanguard, 80/20, which funds to choose?
Replies: 16
Views: 1476

Re: New Roth IRA @Vanguard, 80/20, which funds to choose?

I second the suggestion above of LifeStrategy Growth VASGX.
by Rainmaker41
Fri Nov 17, 2017 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio checkup & review 2018 fiscal plan (now married)
Replies: 4
Views: 679

Re: Portfolio checkup & review 2018 fiscal plan (now married)

Interesting on both points. I hadn't seriously considered a taxable account for *investing* purposes before, thinking we'd always have enough 401k space.
by Rainmaker41
Thu Nov 16, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio checkup & review 2018 fiscal plan (now married)
Replies: 4
Views: 679

Portfolio checkup & review 2018 fiscal plan (now married)

Hello Bogleheads! Following several positive changes for us in the second half of 2017 (jobs, apartment, got married), we can make fairly reasonable projections for the 2018 tax year. I’d like to take this opportunity for a general portfolio checkup and to bounce my thinking off the community here. ...
by Rainmaker41
Wed Nov 08, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 150
Views: 14339

Re: How old are you and how much do you save for retirement a year

Will be 27 at the end of 2017.

We will save $11k in Roth IRAs and $18.5k in a 401k-type plan in 2018, out of a joint gross income of ~ $73k; 40% savings rate.

No kids, no mortgage, and fortunate to be debt free. That may not be the case forever, so we are trying to get ahead now while we can.
by Rainmaker41
Sat Oct 21, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 13717

Re: new 401(k) limits announced

On second thought, I think I'll just do $770.83 twice-monthly if allowed by my plan. I'll only be $0.08 short of $18.5k at the end of the year, so it seems silly to use up several people's time to change contributions twice a year over it. I figure it'll get rounded to $18,500 in whole dollars durin...
by Rainmaker41
Sat Oct 21, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 13717

Re: new 401(k) limits announced

Just set your contributions to a more aggressive amount by rounding up. Round up to 800/pay period or something. You'll get your money in the stock market faster that way. There's no rule that says you have to divide it out perfectly each pay period. I think I'll just do this actually. May as well ...
by Rainmaker41
Sat Oct 21, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 13717

Re: new 401(k) limits announced

Why couldn't they just make it $18,600 instead? ... Hitting the exact limit just got messier and more of a hassle? I assume it will require making one contribution different from the others to get the numbers to line up? Or is there a better way? IRS and easy?!! :oops: I realize this comment is ess...
by Rainmaker41
Sat Oct 21, 2017 8:35 am
Forum: Investing - Theory, News & General
Topic: Indexing: capitalism at its finest
Replies: 4
Views: 645

Re: Indexing: capitalism at its finest

Thanks for the article.

:sharebeer
by Rainmaker41
Sat Oct 21, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: 401k limit changes being considered- how likely is it and how much of an impact?
Replies: 28
Views: 3588

Re: Lowering 401k limits

I've done some rudimentary estimates, and this would have a noticeable (but nowhere near catastrophic) impact on me in the long run. I would simply adjust investing targets and tax methods, etc. as seemed most prudent. Roth and pre-tax are equivalent for the marginal dollar if it assumed to be in th...
by Rainmaker41
Fri Oct 20, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 28
Views: 4695

Re: 2018 IRS tax information

Much obliged; my spreadsheet has been adjusted accordingly.

Now I wonder where I can find a 2018 paycheck calculator to work out the exact withholding amounts. :annoyed
by Rainmaker41
Fri Oct 20, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 13717

Re: new 401(k) limits announced

Why couldn't they just make it $18,600 instead? That would be nice and divisible by 24 (or 12) for payroll contribution. At the current limit, it's an easy $750 bi-monthly ($1500 monthly) to max out. For 2018, it will be $770.83333 bi-monthly ($1541.66667 monthly). Hitting the exact limit just got ...
by Rainmaker41
Tue Oct 10, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Health Care for 2018, Curious About Other's Increases
Replies: 21
Views: 3049

Re: Health Care for 2018, Curious About Other's Increases

HMO Platinum, $0 Deductible, $3,000 family out of pocket max, reasonable copays etc. Coverage for myself & spouse costs me (employee share) $550 / month for 2018. Same plan was $484 for 2017, so 13.6% increase. Marginal cost of adding spouse is $496 / month compared to employee only. Employer pays 4...
by Rainmaker41
Sun Oct 01, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Budgets: how do you track irregular income and expenses
Replies: 35
Views: 2820

Re: Budgets: how do you track irregular income and expenses

I have a everything in tabs on a Google Sheet. - Tax Withholding 2017 . Projected gross income, taxes, benefits, retirement, and net income for each pay period of the year for both of us. This tab also displays projected net tax refund/owed for the year. - Taxes . Pulls data with Withholding and com...
by Rainmaker41
Mon Sep 25, 2017 9:41 am
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 7452

Re: Tipping question....Applebees

I tip 15% of the pre-tax amount (although I don't eat out often), and consider this generous; the standard used to be 10%, so I have drawn a line in the sand. I advocate for a no-tipping culture in which restaurants pay the true market cost of their labor (as is theoretically the case for other busi...
by Rainmaker41
Thu Sep 21, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Advice - Military
Replies: 13
Views: 948

Re: Investing Advice - Military

Welcome. I suggest reading this little pamphlet. https://www.etf.com/docs/IfYouCan.pdf You will learn the principles of simple, no-nonsense investing, and the importance of keeping costs/fees low. I second the suggestion above to fill your TSP and/or Roth IRA with effectively the entirety of your in...
by Rainmaker41
Wed Sep 20, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 27682

Re: Calling out the not so rich bogleheads

We are 'normal' American earners in our mid-late 20's; making under $60k in 2017 and maybe under $75k in 2018 between us. After college one of us worked off and on again as a clerk for a temp agency and the other for minimum wage. We've clawed our way out of that, and are both doing a bit better now...
by Rainmaker41
Fri Sep 15, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Wiki article - Credit freeze
Replies: 49
Views: 7186

Re: Wiki article - Credit freeze

I concur with adding basic info on ChexSystems and Innovis. More importantly, great job LadyGeek!
by Rainmaker41
Tue Sep 12, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 56189

Re: Equifax customer information leak

Update- after Equifax announced credit freezes would be free for 30 days (but didn't specify whether those who already froze would have ours refunded), I called my credit card issuer. They agreed to refund the transaction, and confirmed that the bank won't take the financial hit; they'll claw back t...
by Rainmaker41
Tue Sep 12, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: Equifax - credit freeze is now free?
Replies: 60
Views: 8326

Re: Equifax - credit freeze is now free?

I've been in touch with Equifax across several channels. On social media, Equifax has stated they are not refunding the cost to freeze one's credit report with them, nor are they reimbursing costs to freeze credit with other bureaus. I suppose that makes sense, since ~ $10 * 3 bureaus * every adult ...
by Rainmaker41
Mon Sep 11, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 56189

Re: Equifax customer information leak

Experian charged our credit cards multiple times while we tried to freeze our credit. Frozen for one of us, not for the other. I notified both credit card companies' fraud teams that I was charged multiple times for services not provided, and that if the charges posted I would dispute them.
by Rainmaker41
Sun Sep 10, 2017 8:20 pm
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 66
Views: 10346

Re: Consider freezing your credit

Experian credit freeze failed for me first time. It worked the second. Credit card was charged twice.

Experian credit freeze failed twice for her. Credit card was charged twice with no service completed.

Will be filing a CFPB complaint.
by Rainmaker41
Sat Sep 09, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 12716

Re: Anyone else freeze their credit score?

- Verified two-factor authentication was in place for financial accounts & verified email alerts for all non-credit card transactions. - Setup two-factor authentication for Google accounts..... Not sure 2 factor is all that great (?) A hacker could call Sprint AT&T etc and port your phone # to a ne...
by Rainmaker41
Sat Sep 09, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 12716

Re: Anyone else freeze their credit score?

I agree with the first poster; we've preemptively declared war on thieves... - We froze our credit with the three bureaus as well as Chexsystems (used for new bank accounts). - Verified two-factor authentication was in place for financial accounts & verified email alerts for all non-credit card tran...
by Rainmaker41
Fri Sep 08, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Freeze Credit for free without police report
Replies: 26
Views: 2796

Re: Freeze Credit for free without police report

Equifax's total assets in 2016 were 6.664 billion dollars according to Wikipedia. Even were the company dismantled and everything down to the last stapler sold at auction, dividing that sum by the 143 million people impacted by the data breach comes to just $46.60 each. :annoyed This goes beyond one...
by Rainmaker41
Fri Sep 08, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Freeze Credit for free without police report
Replies: 26
Views: 2796

Re: Freeze Credit for free without police report

It looks like Equifax put out the usual free credit monitoring (but no identity theft resolution service, let alone insurance, is included) for a year in exchange for surrendering the right to sue in court. I've now given up and decided to just freeze my credit reports at all three bureaus; Equifax,...
by Rainmaker41
Fri Sep 08, 2017 8:43 am
Forum: Personal Consumer Issues
Topic: Freeze Credit for free without police report
Replies: 26
Views: 2796

Re: Freeze Credit for free without police report

I got the 'check back on 9/12 to sign up', which implies I was affected. When T-Mobile customers' SSNs were leaked by Experian 2 years ago, I signed up for the 2 year monitoring (which expires in 43 days...). I was then told I couldn't join the class action lawsuit. This time around, I'm thinking jo...
by Rainmaker41
Fri Sep 08, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: Freeze Credit for free without police report
Replies: 26
Views: 2796

Freeze Credit for free without police report

I'm planning to write all three credit bureaus demanding they freeze our credit for free, and attaching an article about the Equifax leak in lieu of a police report.

Or should I pay the $10 fee x 2 people x 3 bureaus = $60, and then sue Equifax for that amount plus time and stress?
by Rainmaker41
Thu Sep 07, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 6392

Re: What is the main purpose of holding your current job?

1.5 -> I like my job but not so much that I am willing to work for free. (Even if I did like it enough to work for free, I am not wealthy enough to not have to work for life).
by Rainmaker41
Tue Sep 05, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: First Time 401K Investor
Replies: 14
Views: 788

Re: First Time 401K Investor

So it seems like the VASGX is the way to go for 100% of my portfolio from the feedback i've been receiving. What makes it so different than the others? @totality mentioned it was already a full profile with 80/20 split between stocks and bonds. Is that the only thing? Bascially, LifeStrategy Growth...
by Rainmaker41
Thu Aug 31, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 19202

Re: What should the savings be for an average professional

As of quite recently, we now make at most $75k annually between the two of us. We've filled Roth IRAs for a couple years now, and are making strides in a 401k-type plan. The plan is to fill up that $29k space every year from 2018 onward, which is a savings rate somewhere around 40%. Assuming current...
by Rainmaker41
Wed Aug 30, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: RMD from Target Retirement Fund?
Replies: 2
Views: 336

Re: RMD from Target Retirement Fund?

Yes, the dollars required to be distributed can be invested in the same target date fund in a taxable account. The bond component will throw off income that is taxed at your top marginal ordinary income tax rate, making it tax-inefficient to hold bonds in a taxable account. A stock fund is in most c...
by Rainmaker41
Tue Aug 22, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is your cash reserve limit, above which you invest?
Replies: 25
Views: 2940

Re: What is your cash reserve limit, above which you invest?

Reserve: 6 months' expenses, including cost of Marketplace health insurance in case of job loss, in cash savings and CDs. Contingency (travel, electronics, furniture, clothes): Planned annually. If $3k / year, then $250 / month is transferred to savings unless spent. Assuming income is stable, if th...
by Rainmaker41
Wed Aug 16, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: How can I keep track of my monthly spendings?
Replies: 27
Views: 2107

Re: How can I keep track of my monthly spendings?

Back when I barely made enough income to get by, I used to meticulously track every expense and balance all accounts every few days. Now I have an annual financial plan in which the goal is to maintain auto-contributions to investment accounts and for cash (savings and checking) to be roughly the sa...