Search found 6969 matches

by TomatoTomahto
Thu Jan 18, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Does my rollover IRA count for pro-rata calculations?
Replies: 13
Views: 440

Re: Does my rollover IRA count for pro-rata calculations?

Spirit Rider wrote:
Thu Jan 18, 2018 7:16 pm
TomatoTomahto wrote:
Thu Jan 18, 2018 6:55 pm
Yes. All traditional IRAs are combined for this purpose.
Make that all pre-tax balances in all traditional, SEP and SIMPLE IRAs.
Right you are. I’ve never had access to them, so I forget.
by TomatoTomahto
Thu Jan 18, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Does my rollover IRA count for pro-rata calculations?
Replies: 13
Views: 440

Re: Does my rollover IRA count for pro-rata calculations?

Yes. All traditional IRAs are combined for this purpose.
by TomatoTomahto
Thu Jan 18, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Make me feel good about my bond allocation
Replies: 25
Views: 1816

Re: Make me feel good about my bond allocation

We “won” the game and I have a fixed amount in bonds. All new money goes to equities. I no longer worry about it. It’s almost as good as retiring. Can you explain further? This may be akin to a thread I created earlier where I was questioning whether once you hit a comfortable number, you can a) ha...
by TomatoTomahto
Thu Jan 18, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Make me feel good about my bond allocation
Replies: 25
Views: 1816

Re: Make me feel good about my bond allocation

We “won” the game and I have a fixed amount in bonds. All new money goes to equities. I no longer worry about it. It’s almost as good as retiring.
by TomatoTomahto
Thu Jan 18, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 6688

Re: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?

Third, I think it will be counterproductive to point to actual posts on a live thread. My goal was provide (a very small) nudge to maintain the excellent (relative to other online forums including email) tone that we have on this forum. My apologies if I rubbed you the wrong way. No problem; you di...
by TomatoTomahto
Thu Jan 18, 2018 10:36 am
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 6688

Re: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?

I cringe at the harsh tone that we (forum members) sometime use on these thread. Obviously not everybody uses a harsh tone. Perhaps you could identify the specific harsh tones that you have read here. I don't think that the posts here have 1% of the harshness that we generally reserve for insurance...
by TomatoTomahto
Thu Jan 18, 2018 6:31 am
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 6688

Re: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?

I am a capitalist. I do not resent anyone monetizing their knowledge or skill. Nevertheless, I read of this course offering with some sadness.
by TomatoTomahto
Tue Jan 16, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: I'm hooked
Replies: 22
Views: 3865

Re: I'm hooked

Just wanted to say that I'm blown away at the knowledge of this forum and the help that people are willing to give.. I literally came across this site yesterday searching through Google trying to wrap my head around retirement/savings. Because I felt like I wasn't saving correctly.. I have learned ...
by TomatoTomahto
Tue Jan 16, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Retiring at 46 - Need Help with Allocation
Replies: 10
Views: 1370

Re: Retiring at 46 - Need Help with Allocation

A 4.8% WR (I can’t really say SWR) at age 46 is incredibly optimistic. GDP growth is much lower than that.

I think you need to look at things other than AA.
by TomatoTomahto
Tue Jan 16, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Personal letters to the sellers of your house can work!!!
Replies: 74
Views: 8578

Re: Personal letters to the sellers of your house can work!!!

Thanks for the update. I expect to be on both sides of this transaction myself shortly, so it’s of great interest.
by TomatoTomahto
Mon Jan 15, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 155
Views: 9382

Re: Stats on When People Take Social Security

And then there are some, admittedly few, who took SS at 62 because they had young children who would get benefits, and a spouse who would wait until age 70.

Not everyone filing at 62 “doesn’t get it.”

🍅 🍅
by TomatoTomahto
Sun Jan 14, 2018 3:01 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3250
Views: 944082

Re: What Movie Have You Recently Watched?

GuyInFL wrote:
Sun Jan 14, 2018 12:50 am
Got a Moviepass and saw Downsizing and Molly's Game.
Definitely recommend Molly's Game
My son’s GF says that Downsizing is the worst movie she has ever seen. The reviews on Rotten Tomatoes are apparently more interestingly written than the movie itself.
by TomatoTomahto
Thu Jan 11, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1946

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

You can reduce your eventual RMDs considerably by making aggressive Roth conversions over the next five years. Your marginal tax bracket will increase, but your marginal bracket during RMDs will decrease. You'll want to find a good balance. OP wants to continue working, and has $3M in taxable. My g...
by TomatoTomahto
Thu Jan 11, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1946

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

You can reduce your eventual RMDs considerably by making aggressive Roth conversions over the next five years. Your marginal tax bracket will increase, but your marginal bracket during RMDs will decrease. You'll want to find a good balance. OP wants to continue working, and has $3M in taxable. My g...
by TomatoTomahto
Thu Jan 11, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for financial advisor
Replies: 4
Views: 451

Re: Looking for financial advisor

Welcome to the forum. Why not post your particulars here and get free advice? It’s usually worth much more than it costs 🤔
by TomatoTomahto
Thu Jan 11, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1946

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

If you look for an advisor to get around this “problem,” you will likely find snakes who might avoid taxes but will screw you in other ways.

Pay the piper. The glass is half full. Congratulations. 🎉

🍅🍅
by TomatoTomahto
Thu Jan 11, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Basic (Dumb) Vanguard Question
Replies: 17
Views: 1241

Re: Basic (Dumb) Vanguard Question

Englebert, welcome to the forum. My advice is to put it all into Target nnnn, where nnnn is approximately the year you will retire or need the money. If nnnn is a larger number, the allocation will be more aggressive than if it’s a smaller number. Then, read the wiki or borrow/buy a copy of The Bogl...
by TomatoTomahto
Tue Jan 09, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Overwhelmed with how to handle taxes on large inherited portfolio.
Replies: 24
Views: 1629

Re: Overwhelmed with how to handle taxes on large inherited portfolio.

Anyone else have a large portfolio and mange it themselves? How do you handle the quarterly taxes on dividends, muni bond (national, not my state) interest, etc without getting overwhelmed? I am dumber than a sack of hammers, but I can manage a portfolio that’s a multiple of yours in size. I do use...
by TomatoTomahto
Tue Jan 09, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Overwhelmed with how to handle taxes on large inherited portfolio.
Replies: 24
Views: 1629

Re: Overwhelmed with how to handle taxes on large inherited portfolio.

Anyone else have a large portfolio and mange it themselves? How do you handle the quarterly taxes on dividends, muni bond (national, not my state) interest, etc without getting overwhelmed? I am dumber than a sack of hammers, but I can manage a portfolio that’s a multiple of yours in size. I do use...
by TomatoTomahto
Mon Jan 08, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: What is "winning the game" exactly?
Replies: 9
Views: 1323

Re: What is "winning the game" exactly?

We consider ourselves to have won the game, although DW continues to work. We could probably cut it closer, but as much to stop thinking about asset allocation as for any other reason, I decided that we’d put $3M in fixed income (not Bernstein approved ST bonds, SPIA, or TIPS, but mostly TBM and Sta...
by TomatoTomahto
Sat Jan 06, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Do we have too much in bonds?
Replies: 25
Views: 2579

Re: Do we have too much in bonds?

Your numbers work for you. Why jeopardize them to satisfy someone else’s idea of what’s appropriate.

That said, are you sure about 50k annual expenses?
by TomatoTomahto
Sat Jan 06, 2018 6:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: DD just got married !
Replies: 39
Views: 3984

Re: DD just got married !

Wish we could outlaw shorthand. DD is probably something daughter, DW is probably something wife, and I assume LBYM is probably either living beyond or below your means. If I am close, congrats. You must be PP. A grinch avatar seems fitting. People use those abbreviations all the time; why rain on ...
by TomatoTomahto
Fri Jan 05, 2018 4:20 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 5705

Re: Misuse of adverse

I’m down with all those pet peeves, but ROTH isn’t something named after the person who legislated it.
by TomatoTomahto
Fri Jan 05, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 422
Views: 32290

Re: To take or not to take delivery of Tesla 3

BrandonBogle, the egress is something that’s always bothered me about the Model S when I get a loaner. Glad to hear.
by TomatoTomahto
Fri Jan 05, 2018 7:15 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 422
Views: 32290

Re: To take or not to take delivery of Tesla 3

Have you had a chance to test drive one yet? I have yet to see a live one in around Boston area. Unless I get to test drive it at the store, I am not taking delivery sight unseen. I haven't even seen one; they are not in the showrooms till spring 2018. And Tesla is asking you to configure the vehic...
by TomatoTomahto
Fri Jan 05, 2018 7:02 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 222
Views: 24479

Re: Hitting The Sell Button

I’m so happy that I switched to a LMP type of plan. I don’t buy bonds any more (I have tax-deferred accounts full of them). I don’t sell anything. I invest new money in PRIMECAP, TSM, and TISM. [snip] Thanks for mentioning PRIMECAP. I haven't heard of it and had to google. I like what I see. I am h...
by TomatoTomahto
Thu Jan 04, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: After tax 401k mega Roth conversation timing.
Replies: 4
Views: 215

Re: After tax 401k mega Roth conversation timing.

It should be simple, but I recommend that you get it in writing from them. Of all the transactions I’ve done over the years, the one that was done poorly was what you’re doing now. At Fidelity. Without warning. Good luck. ETA: have them write down the specific $ amounts, not just the general process.
by TomatoTomahto
Thu Jan 04, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 708
Views: 182798

Re: Share your net worth progression

I like this approach. Is that on a log scale? I am surprised it does not show more of an exponential growth pattern. No, not a log scale :D We have always had a larger bond allocation than most people, and have been putting 4 kids through college at full pay, two of them also in private HS at almos...
by TomatoTomahto
Thu Jan 04, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 222
Views: 24479

Re: Hitting The Sell Button

I’m so happy that I switched to a LMP type of plan. I don’t buy bonds any more (I have tax-deferred accounts full of them). I don’t sell anything. I invest new money in PRIMECAP, TSM, and TISM. Wow, that’s easy; thinking isn’t my long suit 😉. I will come back and ask a lot of questions after we no l...
by TomatoTomahto
Thu Jan 04, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth in 2018. Has anything changed?
Replies: 14
Views: 2722

Re: Backdoor Roth in 2018. Has anything changed?

queso wrote:
Thu Jan 04, 2018 11:19 am
That's what I did. Transfer into empty TIRA brokerage account @ Vanguard and then as soon as funds show up as available convert to Roth.
Already done. Wheeee! At my age, it’s about the only time I feel like a rebel.
by TomatoTomahto
Thu Jan 04, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Investment account for child
Replies: 4
Views: 323

Re: Investment account for child

AFAIK, UTMA/UGMA are the options. Check and see what your state’s rules are for when the money becomes the child’s; states differ on this.

Good for you in trusting your child. Kids mostly live up to our expectations of them.
by TomatoTomahto
Thu Jan 04, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 708
Views: 182798

Re: Share your net worth progression

http://i65.tinypic.com/axbtj6.jpg This represents our progression over the past two decades or so. I've intentionally obscured the amounts. What is important is that patience and LBYM works. Progress was slow in the first decade. The funny bumps in the line are due to my wife's bonuses, which are a...
by TomatoTomahto
Thu Jan 04, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Savings Accounts for College Age Kids
Replies: 15
Views: 721

Re: Retirement Savings Accounts for College Age Kids

We have taken the view that "bribing" them to make investing painless works for our frugal child (the non-frugal one is a work in progress :D ). In real life, this means that we put an amount equal to the lesser of his earnings or $5500 into his Roth. We extended the bribery theme to come to an agre...
by TomatoTomahto
Wed Jan 03, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: College scholarships: How much should I pencil in for my future students?
Replies: 54
Views: 2509

Re: College scholarships: How much should I pencil in for my future students?

Additionally, he took the P in PSAT at its word, and took it as a Practice Test, not going all out. I am sure that most people viewing this thread know, but just in case: The P in PSAT is for "Preliminary", not "Practice" The full name for the test is "Preliminary SAT/National Merit Scholarship Qua...
by TomatoTomahto
Tue Jan 02, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: College scholarships: How much should I pencil in for my future students?
Replies: 54
Views: 2509

Re: College scholarships: How much should I pencil in for my future students?

Depending on your state of residence it is not only untrue but in an important way. The most competitive states are I believe New Jersey and Massachusetts, or at least they were when I took the PSAT. Absolutely. My NJ kid took the PSAT and got a 223, which was below NJ’s cutoff of 224. Additionally...
by TomatoTomahto
Tue Jan 02, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: College scholarships: How much should I pencil in for my future students?
Replies: 54
Views: 2509

Re: College scholarships: How much should I pencil in for my future students?

For our family, our income is currently north of $200k, and we are approaching $1 million in taxable + 529 money, so I am reasonably confident that we won't qualify for any need based financial aid help. You definitely have a chance at need-based aid at the super high-priced schools. At Princeton, ...
by TomatoTomahto
Tue Jan 02, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: College scholarships: How much should I pencil in for my future students?
Replies: 54
Views: 2509

Re: College scholarships: How much should I pencil in for my future students?

If your student won a Nobel prize AND an Olympic gold medal, you can count on a full ride to Harvard, as long as your family makes less than 65k :wink: And, if your child was the very last accepted applicant to Harvard, with no Nobel and no Olympic medal, just barely getting by the committee, and y...
by TomatoTomahto
Mon Jan 01, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 75
Views: 6800

Re: So, how was the year ? Gains made and Lessons learnt ?

16% returns. Daughter got accepted to Harvard. Son started a new job that he likes. Wife cut back to 90% at her job. No complains. Added: Just realized that today I completed 10 years as a registered Boglehead. :sharebeer Congratulations on your kids. Too bad the football team lost to Yale, but I h...
by TomatoTomahto
Mon Jan 01, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Has 21% corp tax and deregulation already been factored into equity prices?
Replies: 8
Views: 739

Re: Has 21% corp tax and deregulation already been factored into equity prices?

^ that money has already been spent, like an NFL player who is bankrupt a week after his playing career ends. 8-)

I think that the tax code changes were well telegraphed. The only questions are if they were overbaked or underbaked into the numbers.
by TomatoTomahto
Sun Dec 31, 2017 4:20 pm
Forum: Personal Consumer Issues
Topic: Car headlights or Daytime Running Lights - what do you do?
Replies: 62
Views: 3701

Re: Car headlights or Daytime Running Lights - what do you do?

Headlights on always. Not automatic lights, not daytime running lights. I have seen lots of cars at dusk with the daytime running lights on, but the taillights are NOT on. That's the problem with automatic lights. I want my taillights on all the time. One of my few beefs with Tesla: you can’t speci...
by TomatoTomahto
Sun Dec 31, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: First Backdoor Roth; couple questions
Replies: 5
Views: 346

Re: First Backdoor Roth; couple questions

AFAIK, it’s yes to all 3 questions.

Welcome to the forum. :D
by TomatoTomahto
Sun Dec 31, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 75
Views: 6800

Re: So, how was the year ? Gains made and Lessons learnt ?

We've been a single income family since my daughter was born more than 20 years ago. Sounds like the thought of it stresses you a bit perhaps because it is new to you. You get used to it (or at least I have). I am nor sure about what you mean by "can't take chances" - if you have a single income th...
by TomatoTomahto
Sun Dec 31, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 4733

Re: Two-comma club just in time for the New Year, and thank you

luminous wrote:
Sun Dec 31, 2017 12:10 pm
carolinaman wrote:
Sun Dec 31, 2017 6:41 am
Congratulations. It is especially impressive at your age and considering your spouse is a SAHM. I like your priorities.
Thank you! Clarification: I'm the working wife, and he's the stay at home dad.
👍👍👍 SAHD, but it’s not pronounced sad 😂
by TomatoTomahto
Sun Dec 31, 2017 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 4733

Re: Two-comma club just in time for the New Year, and thank you

Congratulations! :sharebeer

Now it’s time to pay it forward by posting, so that others will benefit from your experience. Happy New Year.

🍅🍅
by TomatoTomahto
Sun Dec 31, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5752

Re: What is your threshold for paying down debt?

I’m like that because I couldn’t help but notice that many of the people who called me an idiot for aggressively paying off my mortgage a decade ago are no longer in the neighborhood. Hmmm. So they upgraded, right? :mrgreen: :D I remember, back then, my wife had an employee who lived in our town. A...
by TomatoTomahto
Sat Dec 30, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5752

Re: What is your threshold for paying down debt?

Except it’s not extreme. IB has margin rates well under 3%. Cheaper than your mortgage. So why not? Why would you rather use debt on your dwelling instead of on your stocks? Way easier and cheaper to use margin instead of a mortgage as well. Was just looking at it shocked at the rates they offer......
by TomatoTomahto
Sat Dec 30, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5752

Re: What is your threshold for paying down debt?

I’m like that because I couldn’t help but notice that many of the people who called me an idiot for aggressively paying off my mortgage a decade ago are no longer in the neighborhood. Hmmm.
by TomatoTomahto
Sat Dec 30, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for financial aid with high income
Replies: 50
Views: 3045

Re: Applying for financial aid with high income

Here's a new question, and one that's related: If we click "yes" to the question "Are you applying for financial aid?" even though we don't expect much if anything, will that harm my kid's chances? He's applying ED, so they know he's going no matter what, but does it look bad? If the school is need...
by TomatoTomahto
Sat Dec 30, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Only in NJ [state 401(k) plan] can Vanguard cost 3x as much
Replies: 16
Views: 2427

Re: Only in NJ can Vanguard cost 3x as much

At least they’re not paving a road. In N.J., you have to take what you can get. :annoyed The Reason Foundation says New Jersey spends just over $2 million per state-controlled mile on construction, maintenance and administration, triple the roughly $675,000 spent by the next-highest state, Massachus...