Search found 293 matches

by fantasytensai
Fri Sep 22, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: What are the benefits of rolling over after tax 401k to a Roth IRA?
Replies: 9
Views: 326

Re: What are the benefits of rolling over after tax 401k to a Roth IRA?

Look up the many threads on Mega Backdoor Roth ("wander" should as well). Another possible option you might have is in-plan Roth rollover. Then you could convert the after-tax to Roth 401(k) and stay in the same plan. Question, I was recently presented with that option - in-plan rollover to Roth 40...
by fantasytensai
Fri Sep 22, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 34
Views: 2370

Re: Warren Buffett and Bond Funds

I assume you are a fellow IBM employee? Do you still participate in ESPP? The incentives are awful....5% discount, purchase price utilized per paycheck instead of per offering period.....how do you justify it? I would not justify it today (recent years). I have old ESPP when the discount was 15%. I...
by fantasytensai
Fri Sep 22, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 34
Views: 2370

Re: Warren Buffett and Bond Funds

Warren Buffett is a ..... don't get me started. Remember when he bought all that IBM stock? And kept buying, saying when the price went down it was a sale. So I did not sell my ESPP stock as I was going to, thinking this is a smart guy, so ..... I'm sure he pulled out all the marketing tricks to he...
by fantasytensai
Thu Sep 21, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Ugh
Replies: 26
Views: 1756

Re: Bonds - Ugh

If you want to put money in bonds, average it out. If you don't want to put money in bonds, it's time to reevaluate your AA. There are no big differences between those 4 bonds, the differences are pretty clear from their names. VBTLX is the more diversified option. You don't invest in bonds to chase...
by fantasytensai
Thu Sep 21, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Going to try my hand at Mega Backdoor Roth
Replies: 12
Views: 1232

Re: Going to try my hand at Mega Backdoor Roth

I participate in a plan that allows rollovers of after-tax contributions. Some notes on my setup that might be useful to others. The plan is managed by Fidelity I try to roll contributions and gains monthly The destination Roth IRA is also at Fidelity, which allows the rollover transaction to be do...
by fantasytensai
Thu Sep 21, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Going to try my hand at Mega Backdoor Roth
Replies: 12
Views: 1232

Re: Going to try my hand at Mega Backdoor Roth

do I need to do this roll over every year, or is it just a one time event when I feel there is enough growth to justify the maneuver? I feel that if I have minimal gains on my 13.5k, it is a waste of resources to do this every year. You should do it at least once a year and more often if allowed. B...
by fantasytensai
Wed Sep 20, 2017 9:59 pm
Forum: Investing - Theory, News & General
Topic: "Find out if your fund is declaring a quarterly dividend this month."
Replies: 17
Views: 3079

VTSAX September 2017 Dividend date?

[Thread merged into here, see below. --admin LadyGeek]

Does anyone know how to find out when it is? Thanks!
by fantasytensai
Wed Sep 20, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Going to try my hand at Mega Backdoor Roth
Replies: 12
Views: 1232

Re: Going to try my hand at Mega Backdoor Roth

Thank you very much for the clarification. The rollover process from After Tax Contributions should be as often as allowed to the Roth IRA to prevent investment growth. I was stupidly under the impression that the growth from After Tax Contributions would not be taxed even when it was in the 401(k).
by fantasytensai
Wed Sep 20, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Going to try my hand at Mega Backdoor Roth
Replies: 12
Views: 1232

Going to try my hand at Mega Backdoor Roth

I'm a relative newbie to Boglehead investing. Over the past year I have maxed out my 401(k), Roth IRA, and HSA as a ways of getting my feet wet. For year two, I decide to give Mega Backdoor Roth a go after doing a lot of reading on it. Facts: Income: 135k 401k match: 6% Amount expect in 401k by end ...
by fantasytensai
Wed Sep 20, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: Buying and selling mutual funds in a 401(k)
Replies: 5
Views: 310

Re: Buying and selling mutual funds in a 401(k)

Yes. It is a traditional 401k. Thank you.
by fantasytensai
Wed Sep 20, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: Buying and selling mutual funds in a 401(k)
Replies: 5
Views: 310

Re: Buying and selling mutual funds in a 401(k)

This may be a very basic question, but I do not know the answer. My 401(k) is currently 50% VTSAX and 50% VBTLX. If I sell 10% of my VTSAX and buy the equivalent $$ of VBTLX, is that considered a taxable event? Appreciate the answers. No. Great! Now I have a follow up (and basic) question. There is...
by fantasytensai
Wed Sep 20, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: Buying and selling mutual funds in a 401(k)
Replies: 5
Views: 310

Buying and selling mutual funds in a 401(k)

This may be a very basic question, but I do not know the answer.

My 401(k) is currently 50% VTSAX and 50% VBTLX. If I sell 10% of my VTSAX and buy the equivalent $$ of VBTLX, is that considered a taxable event?

Appreciate the answers.
by fantasytensai
Wed Sep 20, 2017 8:27 am
Forum: Investing - Theory, News & General
Topic: Why is VXUS up and VTIAX down?
Replies: 11
Views: 2255

Re: Why is VXUS up and VTIAX down?

oslocal wrote:
Tue Sep 19, 2017 11:20 pm
livesoft wrote:
Tue Sep 19, 2017 10:04 pm
One had a distribution today and one didn't.
:oops:
Be prepared for same the VTSAX and VTI discussion today.
by fantasytensai
Mon Sep 18, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 791

Re: Short term disability insurance

My very small company provides a group short-term disability policy for all employees at no cost. In your shoes, I probably would have turned the question back on them and said, "If you think it's so important, why don't you provide it to all employees at no cost as part of the employee benefit pac...
by fantasytensai
Mon Sep 18, 2017 2:21 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3079

Re: How much do you spend on "entertainment"?

I don't budget based on what I spend. I budget based on what I save.

So to answer your question, after I built up a healthy emergency fund, max out my tax deferred accounts, and save 50% of my remaining paycheck to my taxable account, pretty much everything else left over is my "entertainment fund".
by fantasytensai
Fri Sep 15, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Average American Net Worth is $534,600?
Replies: 15
Views: 2298

Re: Average American Net Worth is $534,600?

Interesting, obviously averages are heavily affected by outliers, but I didn't expect it by this much.
by fantasytensai
Fri Sep 15, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Average American Net Worth is $534,600?
Replies: 15
Views: 2298

Average American Net Worth is $534,600?

Here is a link to an article in Marketwatch discussing something about how Americans are not saving enough, blah blah blah. http://www.marketwatch.com/story/these-10-numbers-reveal-the-average-americans-financial-health-how-do-you-compare-2017-09-15 One thing that caught my eye was that the author c...
by fantasytensai
Fri Sep 15, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: How can I be more savy about taxes?
Replies: 15
Views: 1702

Re: How can I be more savy about taxes?

Read all the titles of the IRS publications first. Then select about 10 to 20 publications that you think apply to your situations and read them. Then read some more of the IRS publications. Here is where you can find the publications: https://www.irs.gov/publications/ Basically, you cannot be more...
by fantasytensai
Thu Sep 14, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: 3Q2017 Estimated taxes are due 15 Sep 2017
Replies: 14
Views: 781

Re: 3Q2017 Estimated taxes are due 15 Sep 2017

I paid my Q3 taxes today, but for Q2, I was a couple weeks late (paid July 5). The amount owed was $1600. What am I realistically looking at as far as penalty is concerned, like 20 bucks?
by fantasytensai
Tue Sep 12, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: Another New Investor (Market Timing)
Replies: 36
Views: 2386

Re: Another New Investor (Market Timing)

But maybe gambling is exactly what OP's looking for (see username). Maybe so. It's generally considered appropriate to take more risk in the form of a higher allocation to stocks when you are young and then moving to a more conservative allocation when you are older. Isn't that what targeted retire...
by fantasytensai
Tue Sep 12, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Buying a car with a credit card
Replies: 8
Views: 1246

Re: Buying a car with a credit card

Aside from the general issues....45k for a Honda Odyssey?
by fantasytensai
Wed Aug 02, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client -- Worth it to hold Vanguard Funds?
Replies: 23
Views: 3574

Re: Chase Private Client -- Worth it to hold Vanguard Funds?

I just transferred $250K or more Vanguard funds to Chase. There was no catch. I've been with them for several months now. I'm guessing you can probably do it the other way around too (buy $250k of Vanguard MFs, even admiral shares, for $0 per trade). Did the cost basis transfer correctly? I never s...
by fantasytensai
Tue Aug 01, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Question about "Automated Third Party Payment"
Replies: 3
Views: 328

Re: Question about "Automated Third Party Payment"

With respect to sucky 401k plans, the general consensus is to suck it up for the tax benefits right?
by fantasytensai
Tue Aug 01, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Question about "Automated Third Party Payment"
Replies: 3
Views: 328

Question about "Automated Third Party Payment"

Hi everyone. I work for a small firm which uses Empower Retirement as their 401k manager. From what I have seen so far Empower is overpriced and underwhelming, charging more fees than they provide. My question is regarding their most recent fee. It's labeled as "Automated Third Party Payment" and "F...
by fantasytensai
Mon Jul 31, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6286

Re: Can I afford it ? [A new car]

Also, why is everyone jumping to Lexus? Lexus is not the best bang for your buck at 50-60k. At that price range, the Audi A6 and BMW 5 series are all better cars than the Lexus GS. But stating that the A6 and 5 Series "are better cars" at a price point is just as subjective as someone recommending ...
by fantasytensai
Mon Jul 31, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6286

Re: Can I afford it ? [A new car]

Can you afford it? Probably Should you buy it? Probably not Car Talk famously said that a Lexus is a Toyota with a $15k L on the front and back. I have driven both and no, it isn't. The only thing in common between these two brands is ownership. Everything else is lightyears apart. OP, I am going t...
by fantasytensai
Mon Jul 31, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6286

Re: Can I afford it ? [A new car]

Can you afford it? Probably Should you buy it? Probably not Car Talk famously said that a Lexus is a Toyota with a $15k L on the front and back. I have driven both and no, it isn't. The only thing in common between these two brands is ownership. Everything else is lightyears apart. OP, I am going t...
by fantasytensai
Fri Jul 28, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: Is this advice as reprehensible as I think it is?
Replies: 32
Views: 5308

Re: Is this advice as reprehensible as I think it is?

New here. A friend is moving to a cheaper housing market and downsizing. He orginally planned to pay cash for his new home from the proceeds from the sale of current home. To me this is a very sound plan. He and his wife are in their early 70S and have approx $100 annual income from pensions/SS. Th...
by fantasytensai
Fri Jul 28, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP Specifics help
Replies: 16
Views: 614

Re: ESPP Specifics help

Based on the responses given by OP, this is one of the better ESPPs that I have seen. Definitely take advantage of it. The kicker being that he gets paid out every months so even the delay in profit is miniscule. Contribute the max and sell ASAP. Also, what company and are they hiring? If you don't ...
by fantasytensai
Fri Jul 28, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: ESPP Specifics help
Replies: 16
Views: 614

Re: ESPP Specifics help

15% is very generous for an ESPP. let's say you were able to buy 19k worth of stock a year, assuming that you sell immediately, you would make $2,850 minus taxes and fees. Not bad. A few things to look out for. 1. The purchase period is probably not monthly. I have seen annual, semiannual, and quart...
by fantasytensai
Mon Jul 24, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: 0 Percent CC - how to take advantage
Replies: 24
Views: 1864

Re: 0 Percent CC - how to take advantage

I appreciate the conservative approach on this site, but I hold a slightly more adventurous position. I had a HELOC that had a promo rate expiring, I was originally planning on paying it off in the next 18 months. I opened new credit cards, leveraged the new credit lines at 0% to pay off the heloc,...
by fantasytensai
Mon Jul 24, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Company Vehicle - What would you do?
Replies: 23
Views: 1306

Re: Company Vehicle - What would you do?

I wouldn't advise selling your own vehicle in case the worst scenario comes about. Unless you have an ironclad guarantee for job security and having a company vehicle, I think it's too much to risk being stranded without a vehicle. Instead, I would suggest paying off your vehicle as quickly as poss...
by fantasytensai
Fri Jul 21, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Lexus to Camry, invest difference
Replies: 30
Views: 2820

Re: Lexus to Camry, invest difference

What model lexus? I might be interesting in buying it from you... I highly suggest giving this Boglehead a call...if you are deadset of getting rid of the Lexus, private sale is the right way to go. And judging from your post, you take very good care of your car. If you are able to sell the Lexus f...
by fantasytensai
Fri Jul 21, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Help with career direction
Replies: 5
Views: 638

Re: Help with career direction

For what it's worth. I hated my profession (not job, profession) for a long time, but I'm good at it. So I made the jump to a lower paying job on the condition that I know the job is 9-6 M-F. My old job was 60+ hr/wk. I made peace with the idea of doing something I hate for 45 hours a week but not a...
by fantasytensai
Fri Jul 21, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Lexus to Camry, invest difference
Replies: 30
Views: 2820

Re: Lexus to Camry, invest difference

I'm a big fan of leasing (which is very against Boglehead views). However, if I were to ever buy a car, it would be a Lexus. I can't think of a luxury car that holds its value as well, AND has reasonable maintenance costs. In other words, drive your Lexus. You said you can afford it. Drive safely, k...
by fantasytensai
Thu Jul 20, 2017 12:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3944
Views: 1036713

Re: U.S. stocks in freefall

Many investing books state that there is usually a big crash during one generation. Looking back at 2000's dot-com crash and 2007-2008 crash, those are still fresh on my mind. The 2007-2008 crash has done some damage to the world economy. The U.S. market tumbled 50% and it would take 3-5 years to r...
by fantasytensai
Thu Jul 13, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease [keep it?]
Replies: 1
Views: 260

Re: Car Lease [keep it?]

It depends. I just leased a car with a very high residual. After my lease is up, I will re-evaluate my finances and desires. Right now I love the car...not sure about 3 years later. If by then I still love the car, I will run a quick used car search to see how much a car comparable to mine is going ...
by fantasytensai
Thu Jul 06, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Paying estimated taxes
Replies: 31
Views: 3938

Re: Paying estimated taxes

I do the following. 1. Find the 2016 tax filing and obtain the total amount of taxes paid (for example, $20,000) 2. If 2017 AGI is $150,000 or less, use $20,000 as benchmark. If 2017 AGI is greater than $150,000, use $20,000 X 110% = $22,000 as benchmark 3. Divide the benchmark by 4 to find quarterl...
by fantasytensai
Fri Jun 16, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 40032

Re: Regret early retirement/downsizing

try to never judge anyone on how they like to spend their free time as long as they aren't hurting anyone. ...unfortunately there are limitless amount of ways to spend your time and just not enough time to do them all. What you are identify as judging is just a believe that life is lived in the rea...
by fantasytensai
Fri Jun 16, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 40032

Re: Regret early retirement/downsizing

If that is the great passion of your life then I hope it works for you. Just would have thought you might have something else you would like to pursue such as music, photography, cycling, hiking, travel or something else. Is there some sort of hierarchy of hobbies based on credibility/importance? H...
by fantasytensai
Fri Jun 16, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 40032

Re: Regret early retirement/downsizing

I find irony when reading these 2 comments together. I don't play video games at all really. But I'd much rather play video games than be at work! There's nothing noble about being judgmental about others' hobbies. Of course there isn't. But I will tell you my experience in life is people who aren'...
by fantasytensai
Thu Jun 15, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Overcharged for tax returns
Replies: 28
Views: 3090

Re: Overcharged for tax returns

I am an attorney. When I take on a case, regardless of whether it's a new client or existing client, I give a free initial consultation first. Then, I will put down in writing an estimate of how many hours it should take me to complete a task. I always provide the estimate on the over side rather t...
by fantasytensai
Thu Jun 15, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Overcharged for tax returns
Replies: 28
Views: 3090

Re: Overcharged for tax returns

I am an attorney. When I take on a case, regardless of whether it's a new client or existing client, I give a free initial consultation first. Then, I will put down in writing an estimate of how many hours it should take me to complete a task. I always provide the estimate on the over side rather t...
by fantasytensai
Thu Jun 15, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Overcharged for tax returns
Replies: 28
Views: 3090

Re: Overcharged for tax returns

I am an attorney. When I take on a case, regardless of whether it's a new client or existing client, I give a free initial consultation first. Then, I will put down in writing an estimate of how many hours it should take me to complete a task. I always provide the estimate on the over side rather th...
by fantasytensai
Thu Jun 15, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 40032

Re: Regret early retirement/downsizing

I'm in my 30's and switched from 1 1/2 jobs to 1 and now just do consulting a few hours a week. I definitely don't regret reducing down. I never want to work a 40 hour week again in my life and am trying to convince my wife to reduce to part-time too. I have a young family and a bunch of hobbies an...
by fantasytensai
Thu Jun 15, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 40032

Re: Regret early retirement/downsizing

I may be a little out of the norm here, but as a thirty year old who was always told (by parents growing up and then by wife after marriage) that I cannot play so much video games, I cannot possibly imagine being bored after retirement....I will finally have all the time in the world to play all th...
by fantasytensai
Tue Jun 13, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 40032

Re: Regret early retirement/downsizing

I may be a little out of the norm here, but as a thirty year old who was always told (by parents growing up and then by wife after marriage) that I cannot play so much video games, I cannot possibly imagine being bored after retirement....I will finally have all the time in the world to play all th...
by fantasytensai
Wed May 31, 2017 1:29 pm
Forum: Local Chapters and Bogleheads Community
Topic: Memorial Day
Replies: 28
Views: 3031

Re: Memorial Day

Thank you for your services Taylor.
by fantasytensai
Fri May 19, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Using Plastiq?
Replies: 30
Views: 6133

Re: Using Plastiq?

Great. Thank you for sharing your experience and glad to hear you haven't experienced the headaches that others have. Apart from the promotional offers you referenced (which seemingly aren't as frequent now), using Plastiq to satisfy CC spends doesn't make as much sense as other easier/cheaper MS m...
by fantasytensai
Wed May 17, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 8330

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

However as for his strategy of using 0% interest credit cards, I can tell you that it doesn't work that way. 0% interest is usually only offered as a limited signup reward. So unless you would like to apply for a new credit card every time you make a large purchase, it doesn't float this boat. I ag...