Search found 69 matches

by fantasytensai
Tue Jan 17, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: How does maxing out Roth IRA work?
Replies: 13
Views: 1247

Re: How does maxing out Roth IRA work?

Both great points, thanks! I am expecting a big pay raise but not over $240k so that is definitely great news! I can also just do a backdoor Roth and be done with it. I think I am just a little intimidated by the backdoor Roth since I have never done it before. But it is a very common practice.
by fantasytensai
Tue Jan 17, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: How does maxing out Roth IRA work?
Replies: 13
Views: 1247

Re: How does maxing out Roth IRA work?

I know that for 2016, our household income (thus the MAGI) was under 184k. Is "thus" actually correct? In other words, is your "household income" after you have subtracted the $36K available to you in 401k contributions, or before? I sort of took the easy way out. My total incom...
by fantasytensai
Mon Jan 16, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: How does maxing out Roth IRA work?
Replies: 13
Views: 1247

Re: How does maxing out Roth IRA work?

Thanks for the clarification. So it appears that, if I am unsure what my MAGI will be for 2017, the safest bet is to wait until Jan/Feb of 2018 when I will be able to calculate my MAGI and then determine if I want to deposit 11k into my Roth IRA account, or do a backdoor Roth. It sounds inefficient ...
by fantasytensai
Mon Jan 16, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: How does maxing out Roth IRA work?
Replies: 13
Views: 1247

Re: How does maxing out Roth IRA work?

After having maximized your pretax to lower your AGI.... You can make your full Roth for 2017, and then if you are off after the tax year closes, you can recharacterize (or undo) your Roth contribution (all or partially). It's very helpful because it is allowed after the tax year ends. I have used ...
by fantasytensai
Mon Jan 16, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: How does maxing out Roth IRA work?
Replies: 13
Views: 1247

How does maxing out Roth IRA work?

I know that if you are married and make less than 184k in 2016, you can contribute 5.5k each (11k for a couple). I know that for 2016, our household income (thus the MAGI) was under 184k. Therefore we are ok with maxing the Roth IRA contributions. However, we are fairly close to 184k, and we are uns...
by fantasytensai
Fri Jan 13, 2017 5:34 pm
Forum: Investing - Theory, News & General
Topic: 5 Financial Predictions for 2017
Replies: 2
Views: 668

Re: 5 Financial Predictions for 2017

Boglehead author and AARP and WSJ columnist, Allan Roth, has penned an AARP column titled "5 Financial Predictions for 2017". Even though done somewhat tongue-in-cheek, sadly, they're likely to come true. http://www.aarp.org/money/investing/info-2016/financial-predictions-for-2017-ar.html...
by fantasytensai
Thu Jan 12, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: I'm weary of unitized funds...is it irrational?
Replies: 21
Views: 1282

Re: I'm weary of unitized funds...is it irrational?

Earl Lemongrab wrote:
fantasytensai wrote:I give up.

All I can is that words have meaning. If you use words in unusual ways, then people can get confused.


Grammar mistake! Gotcha!
by fantasytensai
Thu Jan 12, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: I'm weary of unitized funds...is it irrational?
Replies: 21
Views: 1282

Re: I'm weary of unitized funds...is it irrational?

Earl Lemongrab wrote:
fantasytensai wrote:Alas, it was my misuse of the English language that drew the ire of my fellow man.

"Ire"? You think someone was angry with you?


I give up.
by fantasytensai
Thu Jan 12, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: I'm weary of unitized funds...is it irrational?
Replies: 21
Views: 1282

Re: I'm weary of unitized funds...is it irrational?

The solution to being weary is more rest. I really am troubled by this and would appreciate an insightful response greatly. Weary = tired of Wary = concerned by, afraid of Alas, it was my misuse of the English language that drew the ire of my fellow man. Thanks for the advice. I think the consensus...
by fantasytensai
Thu Jan 12, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: I'm weary of unitized funds...is it irrational?
Replies: 21
Views: 1282

Re: I'm weary of unitized funds...is it irrational?

Earl Lemongrab wrote:The solution to being weary is more rest.


I really am troubled by this and would appreciate an insightful response greatly.
by fantasytensai
Wed Jan 11, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: I'm weary of unitized funds...is it irrational?
Replies: 21
Views: 1282

I'm weary of unitized funds...is it irrational?

Hi all, for my 401(k) account, my company offers a few unitized funds that appears to be very attractive. However, I find that I have this unexplanable fear of unitized funds. I believe the fear stems from the fact that unitized funds are not on the exchange and there is not a simple way to monitor ...
by fantasytensai
Thu Jan 05, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Question on Futures Trading Companies
Replies: 3
Views: 146

Re: Question on Futures Trading Companies

Thanks for the suggestions!

Actually my FIL did mention that he needs to be able to download market data in DDE (Dynamic Data Exchange) format, and upload his market orders in API, so whodidntante's post hits it right on the nail. I will give IB and Trade Station a call. Thanks!

Edit: a word.
by fantasytensai
Thu Jan 05, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Question on Futures Trading Companies
Replies: 3
Views: 146

Question on Futures Trading Companies

Hi everyone, I realize that this isn't the investment style of this forum, but since many of you are avid investors in general, and I know of no other investment forums, I have to post this here. My father-in-law developed a software that studies the short-term (10-15 minutes) pattern of the market,...
by fantasytensai
Tue Jan 03, 2017 3:08 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 26674

Re: Whats your number to walk away?

2.5M ( Walked last year) 2.8M start of new year 61/66 y/o 105K in pensions and SS Corp. retiree health insurance @ $224 / month for spouse No Debt LCOL area No kids May be a little off track, but did you ever regret not having kids? We are at 29 and 28 ourselves and we both hate kids (other people'...
by fantasytensai
Tue Jan 03, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 26674

Re: Whats your number to walk away?

2.5M ( Walked last year) 2.8M start of new year 61/66 y/o 105K in pensions and SS Corp. retiree health insurance @ $224 / month for spouse No Debt LCOL area No kids May be a little off track, but did you ever regret not having kids? We are at 29 and 28 ourselves and we both hate kids (other people'...
by fantasytensai
Thu Dec 29, 2016 6:05 pm
Forum: Investing - Theory, News & General
Topic: What's up with VBMFX? [Vanguard Total Bond Market]
Replies: 33
Views: 4200

Re: What's up with VBMFX?

I am relatively new to "the bond market," and have owned some VBMFX this year, 2016. It went up steadily until about July 1st, and then went down fairly steadily, until now, end of year. Why? Unlike a common stock or even an index fund, both of which can be loosely rationalized by looking...
by fantasytensai
Tue Dec 20, 2016 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Another "OMG why did my portfolio fall" question!
Replies: 30
Views: 4117

Re: Another "OMG why did my portfolio fall" question!

Alas. I have committed the cardinal sin. Yeah, you will notice that questions like yours get scorned all the time, it is not a forgiving group at all. I hope that you're not serious about thinking this group harsh. OP did name the thread " Another 'OMG why did my portfolio fall' question,"...
by fantasytensai
Tue Dec 20, 2016 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Another "OMG why did my portfolio fall" question!
Replies: 30
Views: 4117

Re: Another "OMG why did my portfolio fall" question!

Alas. I have committed the cardinal sin.
by fantasytensai
Mon Dec 19, 2016 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Another "OMG why did my portfolio fall" question!
Replies: 30
Views: 4117

Another "OMG why did my portfolio fall" question!

Hi everyone, to be clear I am not freaking out, so please don't bash me! I am just geniunely interested in understanding why, when the market experienced a general up day (not much, but DOW, S&P 500 and NASDAQ all increased), my very plain portfolio consisting of VTSAX and VTIAX both dropped in ...
by fantasytensai
Thu Dec 01, 2016 4:55 pm
Forum: Investing - Theory, News & General
Topic: Global bonds suffer worst monthly meltdown, cause for concern?
Replies: 46
Views: 6377

Re: Global bonds suffer worst monthly meltdown, cause for concern?

On a flip side, wouldn't it be a great opportunity to get in, if you need to increase your fixed income allocation? Or am I missing something? That sounds like market timing, a cardinal sin for bogleheads. With that mentality, it's always possible to buy in thinking the market is low, and have it d...
by fantasytensai
Thu Dec 01, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: Global bonds suffer worst monthly meltdown, cause for concern?
Replies: 46
Views: 6377

Re: Global bonds suffer worst monthly meltdown, cause for concern?

On a flip side, wouldn't it be a great opportunity to get in, if you need to increase your fixed income allocation? Or am I missing something? That sounds like market timing, a cardinal sin for bogleheads. With that mentality, it's always possible to buy in thinking the market is low, and have it d...
by fantasytensai
Thu Dec 01, 2016 9:33 am
Forum: Investing - Theory, News & General
Topic: Global bonds suffer worst monthly meltdown, cause for concern?
Replies: 46
Views: 6377

Global bonds suffer worst monthly meltdown, cause for concern?

Global bonds suffer worst monthly meltdown as $1.7 trillion lost [Link formatted by admin LadyGeek] Edit: Sorry for linking without a description. To provide a brief background, as most of you know the past month has not been fun for bond funds. In fact, some are calling it the end to a 30 year bul...
by fantasytensai
Fri Nov 18, 2016 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 84
Views: 9844

Re: Beginner's guide to not getting con'd by Chase

What a wonderful country! These deals would never appeal to me, since I don't want the things they offer. To me the choice is not flying first class vs. coach or luxury hotel vs. budget. The third way is not to go. Points redeemed to cash are valuable. Buying a lot of overpriced goods and services ...
by fantasytensai
Fri Nov 18, 2016 9:40 am
Forum: Investing - Help with Personal Investments
Topic: About to make the move from Unitized Fund to Vanguard Target Date Fund
Replies: 3
Views: 440

Re: About to make the move from Unitized Fund to Vanguard Target Date Fund

A 401k usually does not have two almost identical funds. Are you sure yours does? Without paying for a brokerage link or something? No there is no fee for switching. There are hundreds of different funds in my 401k and just Target funds alone there are 3 to 4 different sets (Fidelity's set which I'...
by fantasytensai
Thu Nov 17, 2016 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA -- How to?
Replies: 20
Views: 1410

Re: Backdoor Roth IRA -- How to?

Here is my confusion. 401(k) contribution is not considered a deduction because the money never enters your paycheck to begin with. I thought that tIRA worked the same way. But you are saying that tIRA could be deductible, which confuses me. I never said anything about take home pay that is not my ...
by fantasytensai
Thu Nov 17, 2016 11:12 am
Forum: Investing - Help with Personal Investments
Topic: About to make the move from Unitized Fund to Vanguard Target Date Fund
Replies: 3
Views: 440

About to make the move from Unitized Fund to Vanguard Target Date Fund

Hi all, I am contemplating a move of my 401k assets from an unitized fund to VITLX - Vanguard Target Retirement Fund 2045. The composition is very similar, but Fidelity recently underwent a change in design and I am unable to monitor how the fund performs from day to day without memorizing the fund ...
by fantasytensai
Thu Nov 17, 2016 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA -- How to?
Replies: 20
Views: 1410

Re: Backdoor Roth IRA -- How to?

Money could get into an IRA account by payroll deduction. Or you can write a check and send money to an IRA account. It is irrelevant how the money gets there. Anyone with compensation who is not yet 70.5 can contribute to a tIRA. People who make under a certain amount can deduct the contribution f...
by fantasytensai
Thu Nov 17, 2016 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA -- How to?
Replies: 20
Views: 1410

Re: Backdoor Roth IRA -- How to?

What you are missing is that people who make too much to contribute to Roth IRA also make to much too deduct contributions to tIRA. If the money is going to be taxed anyway, the best place for it to end up is in Roth IRA, not taxable, and definitely not tIRA. That said, so many people mess up the &...
by fantasytensai
Thu Nov 17, 2016 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA -- How to?
Replies: 20
Views: 1410

Re: Backdoor Roth IRA -- How to?

Folks, Looks like this year I will exceed the ROTH IRA limits. For the past 2 years, I have been below the limit, so opening a Vanguard Roth IRA and depositing $5500 for my wife and I has been straightforward. With my wife's and my income exceeding the limit, how do we use the ROTH backdoor method ...
by fantasytensai
Wed Nov 16, 2016 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 84
Views: 9844

Re: Beginner's guide to not getting con'd by Chase

OP, you are letting credit card rewards skew your rational decision making. That 1.25% fee is absurd, and will long term wipe away any points you are earning. You can still get a lot of those rewards while having your money in a tax efficient, low-cost allocation at Vanguard or Fidelity. In fact, y...
by fantasytensai
Wed Nov 16, 2016 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Newbie question on bonds and taxable accounts
Replies: 11
Views: 824

Re: Newbie question on bonds and taxable accounts

1. Bonds (other than tax free gov bonds) are taxed at your regular income bracket rather than capital gains. Does the yield get taxed every year, or at the year of maturity? Bond interest (other than from tax-free bonds) is taxed at regular income tax rates. You are taxed in the year that the bond ...
by fantasytensai
Tue Nov 15, 2016 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie question on bonds and taxable accounts
Replies: 11
Views: 824

Re: Newbie question on bonds and taxable accounts

1. To answer one, you need to understand the difference between buying a SINGLE bond and buying a collection of bonds (ie bond fund). Most people will by a bond fund... because this is a much easier thing to do. Bond funds constantly buy and sell their bonds to keep the same ball-park maturity. For...
by fantasytensai
Tue Nov 15, 2016 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie question on bonds and taxable accounts
Replies: 11
Views: 824

Newbie question on bonds and taxable accounts

Hi, I am having trouble with finding answers to the most basic of questions. Here are the books that I have read so far - "If You Can", "Common Sense on Mutual Funds" and "All About Asset Allocation". But I still find myself unable to answer some of the most accepted th...
by fantasytensai
Tue Nov 15, 2016 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 84
Views: 9844

Re: Beginner's guide to not getting con'd by Chase

surfstar wrote:Hobby or obsession?


As anyone in the churning business will tell you....we tell others that it is a hobby, but it is an obsession. #48cards&counting
by fantasytensai
Tue Nov 15, 2016 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 84
Views: 9844

Re: Beginner's guide to not getting con'd by Chase

I officially began my investing life today! (not counting company funded retirement accounts) I made an order for 1/3 VTSAX, 1/3 VTIAX, and 1/3 VBTLX (the lazy portfolio), which I intend to keep as is until I become more well-versed in the art of investing. I'm a bit of a late bloomer (28 years old...
by fantasytensai
Tue Nov 15, 2016 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 84
Views: 9844

Re: Beginner's guide to not getting con'd by Chase

OP, you are letting credit card rewards skew your rational decision making. That 1.25% fee is absurd, and will long term wipe away any points you are earning. You can still get a lot of those rewards while having your money in a tax efficient, low-cost allocation at Vanguard or Fidelity. In fact, y...
by fantasytensai
Tue Nov 15, 2016 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 84
Views: 9844

Re: Beginner's guide to not getting con'd by Chase

I officially began my investing life today! (not counting company funded retirement accounts) I made an order for 1/3 VTSAX, 1/3 VTIAX, and 1/3 VBTLX (the lazy portfolio), which I intend to keep as is until I become more well-versed in the art of investing. I'm a bit of a late bloomer (28 years old)...
by fantasytensai
Tue Nov 15, 2016 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Buy Admiral Shares with No Minimum Requirements!
Replies: 7
Views: 1426

Re: Buy Admiral Shares with No Minimum Requirements!

nisiprius wrote:Did you actually make the purchase and receive the shares? (Sometimes a website will show a fund as available, but if you actually place an order it will not go through).


I did, however I was going to buy $10,000 anyway so it probably wouldn't have mattered.
by fantasytensai
Tue Nov 15, 2016 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Buy Admiral Shares with No Minimum Requirements!
Replies: 7
Views: 1426

Buy Admiral Shares with No Minimum Requirements!

Hi, I am investing through JP Morgan Chase. I saw something that I thought might interest you guys. When I attempted to buy admiral shares through Chase, I found that there are no minimum requirements! I'm not sure if it is a glitch or not, but here it is. VTSAX As of Prior Close **VANGUARD INDEX TR...
by fantasytensai
Fri Nov 11, 2016 6:39 pm
Forum: Investing - Theory, News & General
Topic: Difference between Vanguard Investor Shares and Vanguard Admiral Shares
Replies: 7
Views: 672

Re: Difference between Vanguard Investor Shares and Vanguard Admiral Shares

Thanks guys! Follow up question: I am purchasing these shares through my JP Morgan account (long story, I wanted to be a private client for credit card purposes, the account charges no fees at all). I tried purchasing Admiral Total Stock Market shares today (VTSAX), and under Minimum Initial Purchas...
by fantasytensai
Fri Nov 11, 2016 5:43 pm
Forum: Investing - Theory, News & General
Topic: Difference between Vanguard Investor Shares and Vanguard Admiral Shares
Replies: 7
Views: 672

Difference between Vanguard Investor Shares and Vanguard Admiral Shares

Hi, sorry for the newbie question. I searched wiki but couldn't find the answer. I read through a lot of posts of forum, and from what I have gauged the difference is: Investor shares generally have higher expense ratio, but lower buy-in requirements. Admiral shares generally have lower expense rati...
by fantasytensai
Fri Nov 04, 2016 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 84
Views: 9844

Re: Beginner's guide to not getting con'd by Chase

There were some people who were curious what Chase would charge for brokerage service. I received a fee schedule today and thought I would share.

http://imgur.com/a/aCTlR
by fantasytensai
Thu Oct 27, 2016 11:57 am
Forum: Investing - Help with Personal Investments
Topic: When to switch my 401k investment? (Newbie!)
Replies: 25
Views: 1479

Re: When to switch my 401k investment? (Newbie!)

One more question, I saw on my current fund information the following disclaimer: Information on this investment option was provided by your plan sponsor, plan trustee, investment manager, trustee or third party data provider. This investment is not a mutual fund. The fund has all the characteristi...
by fantasytensai
Wed Oct 26, 2016 10:19 am
Forum: Investing - Help with Personal Investments
Topic: When to switch my 401k investment? (Newbie!)
Replies: 25
Views: 1479

Re: When to switch my 401k investment? (Newbie!)

Yeah, I think that if there is no need to switch, then there is no need to switch. OP, As you learn about investing, you may learn things that resonate with you and that influence whether or not to switch. Those things may re-affirm your choice to stay in the boutique target fund. Or, they may spur...
by fantasytensai
Fri Oct 14, 2016 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Target retirement date fund okay for all accounts?
Replies: 21
Views: 2312

Re: Target retirement date fund okay for all accounts?

Silly question time. It seems that the consensus is that Target investments are not good for taxable accounts (which I assume is traditional 401k type accounts). Can you explain why?
by fantasytensai
Wed Oct 12, 2016 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Needing insight into why my 401K matching is structured this way...
Replies: 9
Views: 980

Re: Needing insight into why my 401K matching is structured this way...

I'm sorry to piggyback off this thread, but I have confusions of my own regarding 401k matches. My company states the match this way: After one year of service, the company will: o Contribute 1% to employee’s pre-tax account regardless of their savings pattern o Match 100% of first 5% of employee’s...
by fantasytensai
Wed Oct 12, 2016 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Needing insight into why my 401K matching is structured this way...
Replies: 9
Views: 980

Re: Needing insight into why my 401K matching is structured this way...

I'm sorry to piggyback off this thread, but I have confusions of my own regarding 401k matches. My company states the match this way: After one year of service, the company will: o Contribute 1% to employee’s pre-tax account regardless of their savings pattern o Match 100% of first 5% of employee’s ...
by fantasytensai
Mon Oct 10, 2016 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: When to switch my 401k investment? (Newbie!)
Replies: 25
Views: 1479

Re: When to switch my 401k investment? (Newbie!)

There are no additional fees (other than the .1%) to switch to Vanguard. This point must be clarified: a. Are you saying there is an onoing 0.1% fee to use the Vanguard option that is levied above and beyond the fund expense ratio? If so, stick with a employer custom target date fund. b. Are you sa...
by fantasytensai
Mon Oct 10, 2016 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: When to switch my 401k investment? (Newbie!)
Replies: 25
Views: 1479

Re: When to switch my 401k investment? (Newbie!)

^ Yes. I was just getting to that. Hmmm. It appears your plan offers > 2 target date series. The Target Retirement 2045 fund that you have currently looks like a custom target date option that very large employers sometimes provide where the target date "fund" is simply a portfolio of fun...
by fantasytensai
Mon Oct 10, 2016 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: When to switch my 401k investment? (Newbie!)
Replies: 25
Views: 1479

Re: When to switch my 401k investment? (Newbie!)

Deciding what AA you want is a difficult but important decision. The old "rule of thumb" was age in bonds. Then we hear that anywhere between age and age - 20 is good, depending on whether you are consevative or aggressive. Others say never less than 25% bonds, and Target funds seem to li...

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