Search found 86 matches

by investor997
Thu Aug 17, 2017 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: TLH between VTSAX and SCHB
Replies: 9
Views: 466

Re: TLH between VTSAX and SCHB

I used to be with Betterment. They used SCHB as a TLH pair to VTI. They also used SCHF as a TLH pair to VEA.
by investor997
Thu Aug 17, 2017 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA - what to do with gains?
Replies: 12
Views: 990

Re: Mega Backdoor Roth IRA - what to do with gains?

I just had Fidelity (my 401k provider) perform a mega backdoor Roth for me. My Roth IRA is at Scottrade. For the after-tax portion of the rollover, I had Fidelity issue a check payable to Scottrade FBO me. For the pre-tax earnings, I instructed Fidelity to open a new Rollover IRA and deposit the fun...
by investor997
Wed Aug 16, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 6381

Re: How does personal wealth affect job hunting?

investor997, IMHO, basing your retirement on income replacement is flatly wrong. The correct way is to look at the investment portfolio as a multiple of your current expense and/or retirement expense. <<For example, if I were to receive a 3% pay increase each year for the next 15 years - which does...
by investor997
Tue Aug 15, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 6381

Re: How does personal wealth affect job hunting?

This is an interesting thread. I think we all reach a point in life where our salaries eventually have a smaller day-to-day impact on the growth of our net worth as compared to what we earn from our investment portfolios. I'm not certain where that exact point is, but for me, I think I'm getting clo...
by investor997
Thu Aug 03, 2017 12:51 am
Forum: Personal Consumer Issues
Topic: Startup vs big company (financial equity at stake)
Replies: 57
Views: 3407

Re: Startup vs big company (financial equity at stake)

Every time I read one of the Bay Area housing threads that pop up here I always think people who move there willingly are insane, but then I come across other threads like this one that make me think, "Gawd, they pay a ton of money up there, maybe I should move back..." I've done two start...
by investor997
Fri Jul 28, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Use Guest wifi for thermostat, Roku, etc.
Replies: 28
Views: 2797

Re: Use Guest wifi for thermostat, Roku, etc.

Is this a hardware specific implementation or will router firmware (either proprietary or open source like DDWRT) handle VLAN implementation? I use DD-WRT running on a Netgear AC1450 and I have VLANs implemented. I admit it wasn't easy to set up. The main reason I did it was because the one IoT dev...
by investor997
Tue Jul 25, 2017 7:21 pm
Forum: Personal Consumer Issues
Topic: Use Guest wifi for thermostat, Roku, etc.
Replies: 28
Views: 2797

Re: Use Guest wifi for thermostat, Roku, etc.

What am I guarding against? The unknown. The real risk is that IoT devices such as thermostats can act as trojan horses. If someone hacks into your thermostat, they now have a gateway into your entire home network, exposing all of your laptops/desktops/NAS storage devices/etc. to who knows what. On...
by investor997
Tue Jul 25, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: Use Guest wifi for thermostat, Roku, etc.
Replies: 28
Views: 2797

Re: Use Guest wifi for thermostat, Roku, etc.

Do it for any device that doesn't need network sharing access with your more sensitive network machines (personal laptops, desktops, NAS devices, etc.).

If you never use your Roku to play media files stored on a local network, then it's probably better off being on guest Wi-Fi.
by investor997
Tue Jul 25, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Is a kamado grill/smoker worth it?
Replies: 28
Views: 2847

Re: Is a kamado grill/smoker worth it?

If I was going to spend that much on a grill, I'd look into a wood pellet smoker like the Daniel Boone from Green Mountain Grills. Two of my coworkers have them and they swear by them. Temperature is controlled via feedback loop. Truly set and forget. Brisket/pulled pork/whatever comes out perfectly...
by investor997
Tue Jul 25, 2017 3:37 pm
Forum: Personal Consumer Issues
Topic: WiFi Thermostat?
Replies: 59
Views: 3676

Re: WiFi Thermostat?

As with any other IoT device, be cautious of security. If your router has a Guest network option, enable it and use that network to connect your thermostat to the Internet.
by investor997
Tue Jul 25, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth IRA Pro-Rata Question
Replies: 5
Views: 465

Re: Mega Backdoor Roth IRA Pro-Rata Question

If you do decide to roll the pre-tax earnings into a TIRA, I suggest opening a new TIRA specifically for this purpose such that it's called a Rollover (or conduit) IRA. In my case, I choose to roll the pre-tax earnings *back* into my employer 401k to keep my TIRA slate "clean". This is to ...
by investor997
Mon Jul 24, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Questions
Replies: 22
Views: 2126

Re: Mega Backdoor Roth Questions

Sorry if I'm thread-jacking again, just a quick followup: I called Fidelity this morning and the wheels are in motion. As part of the procedure, I'm having Fidelity open a new Rollover IRA for the pre-tax earnings portion of the Mega Backdoor process. My 401k plan is very clear about accepting rollo...
by investor997
Mon Jul 24, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth IRA Pro-Rata Question
Replies: 5
Views: 465

Re: Mega Backdoor Roth IRA Pro-Rata Question

Does your Vanguard 401k account for the after-tax portion of your 401k separately? There are two components to this: - Your after-tax contributions - The earnings on these after-tax contributions (which is pre-tax) They do account for the after-tax contributions separately. I can't find anything in...
by investor997
Mon Jul 24, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth IRA Pro-Rata Question
Replies: 5
Views: 465

Re: Mega Backdoor Roth IRA Pro-Rata Question

I'm literally going through this process as we speak. In my case, my 401k is with Fidelity and I have an existing Roth IRA with Scottrade. Does your Vanguard 401k account for the after-tax portion of your 401k separately? There are two components to this: - Your after-tax contributions - The earning...
by investor997
Sat Jul 22, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Questions
Replies: 22
Views: 2126

Re: Mega Backdoor Roth Questions

I think I found my answer. Sorry for all the posts. The only type of IRA my 401k will accept in a rollover is a Conduit (rollover) IRA. It specifically prohibits non-conduit IRAs, including traditional IRAs. At present, I have only one traditional IRA account. It has a zero balance. It's sole purpos...
by investor997
Sat Jul 22, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Questions
Replies: 22
Views: 2126

Re: Mega Backdoor Roth Questions

retiredjg and Alan S., Thank you very much for providing this guidance. That IRS website is indeed quite misleading... perhaps intentionally so? I was able to find the link you posted in the other thread: http://fairmark.com/retirement/roth-accounts/roth-conversions/isolating-basis-for-roth-conversi...
by investor997
Sat Jul 22, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Questions
Replies: 22
Views: 2126

Re: Mega Backdoor Roth Questions

Yes, you found the wording. This has been discussed several times but I do not recall the details of why it does not apply to you well enough to help you with it. If your 401k allows you to do the in-service rollovers of the after-tax account , forget about what that says. I found this link which b...
by investor997
Sat Jul 22, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Questions
Replies: 22
Views: 2126

Re: Mega Backdoor Roth Questions

Well then....you may be in luck. There is some wording that seems to say that, but if your plan uses a separate account for the after tax money, that wording does not necessarily apply. The law does allow the after tax account (and the employer's match if in a separate account) to be rolled out in ...
by investor997
Sat Jul 22, 2017 1:53 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Questions
Replies: 22
Views: 2126

Re: Mega Backdoor Roth Questions

How are people able to get around the IRS pro-rata rule? The pro-rata rule says one must roll over equal proportions from both the after-tax and pre-tax portions of a 401k. You can't extract *just* the after-tax bit. Assuming there were pre-tax contributions made as well, some of this *must* be roll...
by investor997
Fri Jul 21, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: car rental at OGG, any opinions?
Replies: 30
Views: 1630

Re: car rental at OGG, any opinions?

Every time I've rented a car in Hawaii, whether it's Maui or Kauai or from Dollar or AVIS, the car I get always winds up being beat down pretty badly. Rental cars live a hard life on the islands, and when travelers return them to the airport on their way home, they get turned around quick and sent r...
by investor997
Fri Jul 21, 2017 1:17 am
Forum: Personal Consumer Issues
Topic: car lease buyout at term end - how negotiable?
Replies: 25
Views: 2090

Re: car lease buyout at term end - how negotiable?

It's been almost ten years but here's a data point: I leased a BMW for 24 months back in late 2006. When the lease was up in late 2008, we were all in the midst of a financial crisis. BMW didn't want the car back. I was able to negotiate with a local dealer to buy the car for $9000 under the residua...
by investor997
Thu Jul 20, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Considering pension plan in asset allocation
Replies: 37
Views: 1590

Re: Considering pension plan in asset allocation

lhl12, very detailed response, thank you for this! To clarify, I can't just roll the cash balance into a tIRA any time I want - I have to terminate my employment first. As to whether I take the lump sum and roll it over or choose an annuity, that may depend on *when* I leave the company. Since I'm 4...
by investor997
Thu Jul 20, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Considering pension plan in asset allocation
Replies: 37
Views: 1590

Re: Considering pension plan in asset allocation

In this case, OP has a pretty clear idea of what the payout would be if he takes a lump sum, maybe not so much clarity on what the payout would be. That's the opposite of the situation most people with defined pensions would have. If there is a defined payout, I'd use that as the income stream, bec...
by investor997
Wed Jul 19, 2017 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Considering pension plan in asset allocation
Replies: 37
Views: 1590

Re: Considering pension plan in asset allocation

OP here again. Some clarifications: According to the Summary Plan Description, my company's pension is a "Defined benefit pension plan with a cash balance formula". Upon termination, I can choose the following payment options: - Lump (roll to tIRA) - Single Life Annuity - 50% Joint and Sur...
by investor997
Tue Jul 18, 2017 11:22 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 512
Views: 74063

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

It was the local office. I've transferred in and out of Scottrade a couple of times for bonuses with various accounts of different sizes. They have not been consistent in terms of matching offers but were eager to keep my business this last time. I once called and asked about a retention bonus befo...
by investor997
Tue Jul 18, 2017 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Considering pension plan in asset allocation
Replies: 37
Views: 1590

Re: Considering pension plan in asset allocation

The present value of my pension is fully vested. It's also insured by PBGC - Is this supposed to make me feel better? One thing I'm not certain of is whether or not it continues to earn interest credits after my employment terminates. For example, if I leave the company at age 50 but choose not ...
by investor997
Tue Jul 18, 2017 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Considering pension plan in asset allocation
Replies: 37
Views: 1590

Considering pension plan in asset allocation

I know there have been some threads on this topic before but I'd like to post my particular scenario. My employer offers a pension plan. It has a cash value that grows by a guaranteed 4% per year (company funded). In addition to this, the company makes a contribution to the account based on my curre...
by investor997
Mon Jul 17, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: kitchen appliance recommendations, esp refrigerator
Replies: 32
Views: 2096

Re: kitchen appliance recommendations, esp refrigerator

In eary 2007, I remodeled my kitchen. On an impulse, I checked Craigslist and found a Kitchen Aid (ie Whirlpool) side by side/counter depth SS fridge for about 1/3 the price of a new one. It was already six years old at the time but I jumped on it. About a month after buying it, the compressor relay...
by investor997
Mon Jul 17, 2017 12:20 pm
Forum: Personal Consumer Issues
Topic: Favorite Sous Vide Recipes/Foods?
Replies: 6
Views: 454

Re: Favorite Sous Vide Recipes/Foods?

My favorite is probably the Carnitas recipe found on the Serious Eats site. Some advice: Controlling evaporation and condensation on longer cooks will be necessary. A couple things: Go to your local home improvement store and pick up a roll of reflective insulation. Wrap the pot you use with this st...
by investor997
Tue Jul 11, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade vs Vanguard for Vanguard ETFs?
Replies: 40
Views: 2379

Re: TD Ameritrade vs Vanguard for Vanguard ETFs?

Assuming one makes periodic ETF purchases at least monthly, this implies it'll never be more than 30 days since the last buy and there's no way out of paying the $19.99 early trading fee. If one wants or needs to sell multiple holdings, $19.99 could turn into $39.98 or $59.97 fairly quickly. Or is ...
by investor997
Tue Jul 11, 2017 12:38 am
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade vs Vanguard for Vanguard ETFs?
Replies: 40
Views: 2379

Re: TD Ameritrade vs Vanguard for Vanguard ETFs?

Since I only plan to buy and hold, I wouldn't worry about the $19.99 fee that comes with selling a commission-free ETF within 30 days of purchase. Assuming one makes periodic ETF purchases at least monthly, this implies it'll never be more than 30 days since the last buy and there's no way out of p...
by investor997
Sat Jul 08, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Vanguard or Schwab? I need to choose.
Replies: 47
Views: 3500

Re: Fidelity, Vanguard or Schwab? I need to choose.

I'm probably going to Schwab. My reasoning: - I use ETFs in the taxable space. Schwab has us covered in terms of constructing a Boglehead-friendly portfolio: SCHB, SCHF, SCHE, SCHZ. All have ERs comparable to Vanguard and all can be traded commission free with NO short term trading penalty fees. The...
by investor997
Fri Jul 07, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Paid off the Mortgage!
Replies: 73
Views: 5339

Re: Paid off the Mortgage!

I'll be there in November - only a few more payments to go on my 15-year fixed mortgage! I could pay it off today but with such little interest left, why bother?
by investor997
Fri Jun 30, 2017 10:16 am
Forum: Personal Consumer Issues
Topic: Robocalls! -- current best call blocker?
Replies: 58
Views: 5847

Re: Robocalls! -- current best call blocker?

I received a call from someone who asked me, "Did you just try to call me?" I said no but the caller said it was my number in her call log and she simply returned it. I'm convinced she was called by a robocaller who randomly spoofed my number.
by investor997
Mon Jun 26, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 29
Views: 2827

Re: Insurance snafu with sewer line break at condo

FelixTheCat wrote:State Farm has this insurance. I tried to add this to my policy; I was denied because I live in a townhome.


State Farm offers this insurance to HOAs. Interesting that they refuse to offer it to the owner of a unit. This seems to imply that if anyone's to blame, the HOA is...
by investor997
Mon Jun 26, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Where to find a financially like-minded significant other?
Replies: 140
Views: 8703

Re: Where to find a financially like-minded significant other?

I was in a similar situation to OP several years ago - single engineer, mid-30s although I was in Southern California and not Silicon Valley. I did have the "pleasure" of living in Silicon Valley in the late 90s before determining it wasn't for me. My advice to OP: You're a male in a male-...
by investor997
Mon Jun 26, 2017 5:57 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 29
Views: 2827

Re: Insurance snafu with sewer line break at condo

OP here. Only a single unit was affected. It doesn't share a common sewer line with the adjoining units, or at least the pipes don't join together until *after* the point where the pipe in question broke. The affected sewer line literally sheared apart underground, directly underneath the concrete d...
by investor997
Fri Jun 23, 2017 8:00 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 29
Views: 2827

Re: Insurance snafu with sewer line break at condo

iamlucky13 wrote:I still think I would talk to a plumber about whether it's possible to install a backflow preventer on the sewer line coming out of your unit.


I don't think that would have prevented this from happening. The sewer line literally sheared apart underground and became clogged.
by investor997
Fri Jun 23, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 29
Views: 2827

Re: Insurance snafu with sewer line break at condo

OP here. I just had another conversation with my insurance company. They *do not* offer a sewer back-up rider I can add to my existing condo policy. As it stands, if the same thing happened to me, I'd be screwed. Nothing I can do about it, at least not if I stay with my current insurance company (AA...
by investor997
Thu Jun 22, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 29
Views: 2827

Re: Insurance snafu with sewer line break at condo

But I digress - the OP wants to cover himself against sewer backups in general, it sounds like. That would include sewer backups originating in his unit, so it sounds like a rider for that particular scenario is what he's looking for. By the way, it is common for homes with low elevation toilets or...
by investor997
Thu Jun 22, 2017 12:13 am
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 29
Views: 2827

Re: Insurance snafu with sewer line break at condo

Good info. I'll have to check with the agent again. I specifically described to him the sewer back-up scenario and that's what I was looking to insure against. I'm not sure he knew what he was talking about.
by investor997
Wed Jun 21, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 29
Views: 2827

Re: Insurance snafu with sewer line break at condo

OP here. My neighbor (the flood victim) is pursuing matters through an attorney. I spoke with my insurance company and they said in order for them to cover this situation, I need flood insurance. Their standard condo policy won't cover it. My neighbor uses a different insurance company, however so I...
by investor997
Mon Jun 19, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 29
Views: 2827

Insurance snafu with sewer line break at condo

Not me but a neighbor a few doors down... Would like to see if there's anything I can do to prevent the same happening to me. Two story attached condominium / townhome. The bottom floor floods when water starts pouring out of the toilet bowl in the downstairs bathroom. Flooring/carpet now needs repl...
by investor997
Thu Jun 15, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5617

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I'm considering this as well. Looking to buy a larger home but wouldn't mind input from the community. Existing property is a 2br/2.5ba townhome in a HCOL area. Recent comps are about $550K and average rents for this type of unit are approximately $2,500/mo. I own it outright. Assume I'd be doing a ...
by investor997
Mon Jun 12, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio suggestions for retired couple
Replies: 3
Views: 515

Re: Portfolio suggestions for retired couple

So they have a lot of money coming in as income (100k) now, but what happens to the pension should she die? The money can be invested per their asset allocation if they need it, or if their is no need for it whatsoever, invested as per the heir aa. In any event, they should not have so much cash in...
by investor997
Mon Jun 12, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio suggestions for retired couple
Replies: 3
Views: 515

Portfolio suggestions for retired couple

Hi all, I'm looking to help my parents invest their portfolio. They're well into retirement and all in all in pretty good shape, financially and otherwise. They're sitting on a decent amount of cash in the taxable space which continues to grow because they simply don't spend as much as they earn (co...
by investor997
Tue Jun 06, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab to TD Ameritrade
Replies: 20
Views: 1255

Re: Schwab to TD Ameritrade

I accidentally bought some VTI in my Taxable account instead of my Roth IRA and immediately sold it and was charged a short term $19.99 trading fee. After I noticed my mistake I sent customer service a message explaining what happened and they refunded the trading fee to me within 24 hours. I tend ...
by investor997
Tue Jun 06, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab to TD Ameritrade
Replies: 20
Views: 1255

Re: Schwab to TD Ameritrade

Question for those currently at TD buying the Vanguard/iShares ETFs on the freebie list: Have you ever been tripped up by the short-term holding period "gotcha"? The Schwab equivalent freebie ETFs (SCHB, SCHF, etc.) don't have any short term trading restrictions.
by investor997
Tue Jun 06, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Betterment to Vanguard - Need Advise
Replies: 16
Views: 1300

Re: Moving from Betterment to Vanguard - Need Advise

How much of your Betterment holdings are in a taxable account? They usually spread this across at least a half-dozen ETFs and possibly more if there's ever been a Tax Loss Harvesting event. My account had upwards of a dozen individual ETFs. Moving all of this into a single fund such as VTI at Vangua...
by investor997
Mon May 22, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Convert a Betterment taxable portfolio to a 3-fund portfolio
Replies: 5
Views: 806

Re: Convert a Betterment taxable portfolio to a 3-fund portfolio

I moved a taxable portfolio out of Betterment a few months ago. Betterment buys fractional shares so they won't transfer everything to your new brokerage "in-kind". All the fractional amounts will be left behind. You can either continue to let them ride with Betterment or you can liquidate...