Search found 1582 matches

by island
Mon Jan 16, 2017 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 20
Views: 2093

Re: Retiring - "not subject to tax" 401K funds

The more I read the more it looks like even with the 2014 rule change, you still have to rollover your entire 401K balance (pre and post tax contributions) to IRAs if you want to get all of the post tax into a ROTH IRA, but talk to your administrator to be sure. I was hoping I had an inservice opti...
by island
Sun Jan 15, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 20
Views: 2093

Re: Retiring - "not subject to tax" 401K funds

The more I read the more it looks like even with the 2014 rule change, you still have to rollover your entire 401K balance (pre and post tax contributions) to IRAs if you want to get all of the post tax into a ROTH IRA, but talk to your administrator to be sure. I was hoping I had an inservice opti...
by island
Sun Jan 15, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Over 50. What is the retirement plan contribution limit for 2017?
Replies: 6
Views: 945

Re: Over 50. What is the retirement plan contribution limit for 2017?

Thank you. I've seen references to $54K, but haven't found anything that specifically says If that's the max for all ages or if those over 50 years old can include the $6K catch up and contribute a max of $60K. Can anyone confirm? In addition to the above, can one still do a post tax IRA Backdoor R...
by island
Sun Jan 15, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Over 50. What is the retirement plan contribution limit for 2017?
Replies: 6
Views: 945

Re: Over 50. What is the retirement plan contribution limit for 2017?

Thank you. I've seen references to $54K, but haven't found anything that specifically says If that's the max for all ages or if those over 50 years old can include the $6K catch up and contribute a max of $60K. Can anyone confirm? In addition to the above, can one still do a post tax IRA Backdoor Ro...
by island
Sun Jan 15, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Over 50. What is the retirement plan contribution limit for 2017?
Replies: 6
Views: 945

Over 50. What is the retirement plan contribution limit for 2017?

Mega Backdoor ROTH may be available for spouse this year and I'm trying to confirm the max contribution limit for someone over 50....or maybe it's the same for any age? Right now we both contribute $24K pre tax to 401Ks, $6500 post tax to IRAs converted to Backdoor ROTHs. Same limit as 2016. How muc...
by island
Sun Jan 15, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 20
Views: 2093

Re: Retiring - "not subject to tax" 401K funds

The more I read the more it looks like even with the 2014 rule change, you still have to rollover your entire 401K balance (pre and post tax contributions) to IRAs if you want to get all of the post tax into a ROTH IRA, but talk to your administrator to be sure. I was hoping I had an inservice optio...
by island
Sat Jan 14, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 20
Views: 2093

Re: Retiring - "not subject to tax" 401K funds

I'm still working, but trying to figure out some things about the post tax contributions I briefly made to my 401K early in my career mid 1980's. My 401K trustee (Vanguard) was a good source of info and I think I've found more answers in some IRS docs in this link. Perhaps you might find this link u...
by island
Sun Jan 08, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice moving from EJ
Replies: 36
Views: 2048

Re: Need advice moving from EJ

Wow, that's a crazy number of funds! Do your 401k plans have a selection of good funds with reasonable expense ratios, and allow you to roll in your other retirement funds? If so why not do that to simplify? My spouse's 401K trustee ( or whatever it's called) is Fidelity and his plan allows the abo...
by island
Sun Jan 08, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover 401k into New 401K instead of IRA to preserve backdoor IRA?
Replies: 11
Views: 681

Re: Rollover 401k into New 401K instead of IRA to preserve backdoor IRA?

If the new 401(k) is better, then roll over the old one to it. It's not much trouble. If you were to roll the existing IRA into that as well, then there would be no taxes. Agree. My spouse did a trustee to trustee transfer of an old 401K and a rollover IRA to current 401K a few years ago so he coul...
by island
Sun Jan 08, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice moving from EJ
Replies: 36
Views: 2048

Re: Need advice moving from EJ

Wow, that's a crazy number of funds! Do your 401k plans have a selection of good funds with reasonable expense ratios, and allow you to roll in your other retirement funds? If so why not do that to simplify? My spouse's 401K trustee ( or whatever it's called) is Fidelity and his plan allows the abov...
by island
Sun Jan 08, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Managing a messy inherited portfolio
Replies: 9
Views: 798

Re: Managing a messy inherited portfolio

My mom wants to eventually distribute around 30% of the portfolio to me and 30% to my brother. We will meet with an estate attorney to figure out how to do this in the next 6 months. She wants to keep the rest, and will spend a fair portion of it. Do you and your bro need the cash? If not, you migh...
by island
Sat Jan 07, 2017 10:59 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27051

Re: Whats your number to walk away?

HomerJ wrote:
island wrote:I don't have a number


There's no number that would let you retire today? Not 1 billion?

Or are you saying you love your job so much you'd do it for free?


Of course not, but not everyone quits soon as they reach FI. :oops:
by island
Sat Jan 07, 2017 10:51 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27051

Re: Whats your number to walk away?

I don't have a number
by island
Sat Jan 07, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 5304

Re: What monetary value has your education provided you?

The most I earned per year was about $65k, many years a lot less. Now, my networth is between 6 and 7 million. Like Forrest said: "Life is like a box of chocolates." Good for you. Nice to hear. :sharebeer Agree. I can relate to that. No get rich quick schemes, employment with reasonable s...
by island
Sat Jan 07, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 5304

Re: What monetary value has your education provided you?

Wow, just when I think there are no stones left unturned when it comes to Bogleheads crunching numbers and tracking costs.... Interesting question, but not one I can answer in specific numbers. My undergrad was earned in 1980, followed immediately by an MS, and years later a doctorate while working ...
by island
Sat Jan 07, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10049

Re: Max It Out Tomorrow [your IRA]

For those of you who are "all-in January" people, where do you get your funds from or where do you hold your funds until next year? 1. Borrow from emergency fund in January and rebuild over the year 2. Build up separate cash reserves to invest next January 3. Invest in the same funds as y...
by island
Sat Jan 07, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10049

Re: Max It Out Tomorrow [your IRA]

Spouse and I both all in $6500 yesterday, ready for backdoor conversion soon as the funds clear next week.
by island
Thu Jan 05, 2017 11:28 am
Forum: Personal Consumer Issues
Topic: Mechanic crashed car on delivery. Who's responsible to make whole?
Replies: 29
Views: 4041

Re: Mechanic crashed car on delivery. Who's responsible to make whole?

Thanks everyone. Will pass along the info. Hope it's on the driver or the mechanic's insurance rather than his, but I don't know yet. Good to know he should try to negotiate with the claims adjuster. No guarantee of course, but can't hurt to see if any wiggle room there.
by island
Tue Jan 03, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10049

Re: Max It Out Tomorrow

Any care to share what funds you hold in your Roth?
by island
Mon Jan 02, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5277

Re: Tax Loss Harvesting - Is it worth it?

Not so fast. Like Grabiner mentioned, this only works for covered shares. There will come a point when you may be selling non-covered shares at a loss (think bond fund shares), and you'll need to perform your own calculations using your own lots. This is done by hand. Show me someone who tax-loss h...
by island
Mon Jan 02, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to graduate from college in 3 years?
Replies: 101
Views: 4558

Re: Is it possible to graduate from college in 3 years?

So Timmy, why do you ask? Like others, I mentioned knowing some people who did it and had a good experience, but I should also mention I knew a few who were so focused on getting out early for various reasons that it wasn't a good experience and some who were so sheltered, lacking in social or life ...
by island
Mon Jan 02, 2017 3:36 pm
Forum: Personal Consumer Issues
Topic: Mechanic crashed car on delivery. Who's responsible to make whole?
Replies: 29
Views: 4041

Re: Mechanic crashed car on delivery. Who's responsible to make whole?

How would you define make whole? Sounds like your friend valued his SUV at a higher amount than it was worth and his insurance will cover its value in the market, if I understand you correctly. I do not see someone giving him more than that regardless of who pays him/her. By whole, I meant either w...
by island
Mon Jan 02, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Mechanic crashed car on delivery. Who's responsible to make whole?
Replies: 29
Views: 4041

Re: Mechanic crashed car on delivery. Who's responsible to make whole?

Appreciate responses and links. Will pass Ino along.
Friend didn't know she was driving it until heard about the accident. I don't know if she's an employee.
That's the only additional info I know right now. Thanks again.
by island
Mon Jan 02, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Mechanic crashed car on delivery. Who's responsible to make whole?
Replies: 29
Views: 4041

Re: Mechanic crashed car on delivery. Who's responsible to make whole?

That was my thought, but no clue if accurate.
If mechanic is responsible, would he too only be responsible for what insurance would cover based on Blue Book or ?
If so, friend is still without a vehicle.
by island
Mon Jan 02, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Please suggest websites/software for tracking investments, net worth, budget
Replies: 16
Views: 1710

Re: Please suggest websites/software for tracking investments, net worth, budget

Thank you Quicken users. I'll check it out. I've seen that at Costco from time to time, but I no longer have a computer that will take a disc. Downloadable? Is it something that you link to your accounts, trust that's secure?
by island
Mon Jan 02, 2017 2:21 pm
Forum: Personal Consumer Issues
Topic: Mechanic crashed car on delivery. Who's responsible to make whole?
Replies: 29
Views: 4041

Mechanic crashed car on delivery. Who's responsible to make whole?

Friend just texted me that his SUV got totaled. He had it into a mechanic for something routine while visiting family over the holidays. He's used this guy before, but since then he moved his shop about 30mins from town. Mechanic has to come into town a lot anyway and said he would deliver it to fri...
by island
Mon Jan 02, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Please suggest websites/software for tracking investments, net worth, budget
Replies: 16
Views: 1710

Please suggest websites/software for tracking investments, net worth, budget

Hi all Happy New Year. Reading some recent threads about tracking net worth, what are you up to YTD, etc, and I've never calculated any of this. An occasional rough back of an envelope tally with a calculator for NW or glance at 401K or taxable mutual fund accounts online for return. Thought what's ...
by island
Sun Jan 01, 2017 7:56 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1275
Views: 205569

Re: What are you up YTD? [Year To Date]

Not all Bogleheads are the same Really? Do we all not all index invest unsung asset allocation? I would not call the timing trolls "Bogleheads". Sure, but not all are 100% index. Some hold other investments from before discovering indexing, don't have index funds in their 401Ks, or inheri...
by island
Sat Dec 31, 2016 5:10 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5277

Re: Tax Loss Harvesting - Is it worth it?

I sold a bunch of individual lots, with many different purchase prices/dates for three AF funds. No idea if need to enter all as seperate transactions or can lump by fund or company since all TLHed on the same day. They were all purchased before fund companies had to keep track of cost basis so i w...
by island
Sat Dec 31, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting a Leave of Absence
Replies: 25
Views: 1938

Re: Requesting a Leave of Absence

If youre excluding vacation then I guess I could say I haven't had a break since Jr. high since I worked in HS, college, grad school and have had steady employment since and I'm in my 50's. Pretty typical stuff. I think steady employment is usually the goal, for me it's been the path to FI and taki...
by island
Sat Dec 31, 2016 4:33 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1275
Views: 205569

Re: What are you up YTD? [Year To Date]

Would rather posters skip the fake news so as not to confuse the inexperienced like myself who are still learning. Beardstown accounting is real and accepted if one states that method was used. The Ladies neglected to mention that in their accounting and that lead to all the fun and games. There is...
by island
Sat Dec 31, 2016 4:30 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 230
Views: 26361

Re: Roll Call for the Retirement Class of 2016!

bcboy57 wrote:Today was my first day of retirement !
So for lunch all I ate was cookies ! :D

Hmmmm I believe that was my breakfast/lunch on Christmas Eve and I'm not even retired.
Slacker. :happy :D :twisted:

Congrats!
by island
Sat Dec 31, 2016 4:23 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1275
Views: 205569

Re: What are you up YTD? [Year To Date]

Would rather posters skip the fake news so as not to confuse the inexperienced like myself who are still learning. Beardstown accounting is real and accepted if one states that method was used. The Ladies neglected to mention that in their accounting and that lead to all the fun and games. There is...
by island
Sat Dec 31, 2016 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting a Leave of Absence
Replies: 25
Views: 1938

Re: Requesting a Leave of Absence

Haven't had a break since leaving college? Don't they give you vacations at that place? Anyway to second others, you need a new employer not a leave of absence. You're not the first one who had a miserable job, but most tough it out until they can find something better. Yeah, I was wondering the sa...
by island
Sat Dec 31, 2016 3:52 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1275
Views: 205569

Re: What are you up YTD? [Year To Date]

Beardstown Ladies tell me...... What does that mean, how are you figuring out your performance? Great wikipedia article: https://en.wikipedia.org/wiki/Beardstown_Ladies Yes, thanks, read that bit and some others that I Googled, so I'm confused... Are posters including their own contributions to the...
by island
Sat Dec 31, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5277

Re: Tax Loss Harvesting - Is it worth it?

I tax lost harvested earlier this year to reduce the amount of American Funds I have in a taxable account purchased in the 1990's before I knew anything about TLH, expenses, etc. I used the $ to purchase more VTSAX. So for me TLH is worth it to get rid of some funds I don't want that would normally ...
by island
Sat Dec 31, 2016 2:32 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1275
Views: 205569

Re: What are you up YTD? [Year To Date]

Beardstown Ladies tell me...... What does that mean, how are you figuring out your performance? Great wikipedia article: https://en.wikipedia.org/wiki/Beardstown_Ladies Yes, thanks, read that bit and some others that I Googled, so I'm confused... Are posters including their own contributions to the...
by island
Sat Dec 31, 2016 1:48 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1275
Views: 205569

Re: What are you up YTD? [Year To Date]

TheTimeLord wrote:Beardstown Ladies tell me......


What does that mean, how are you figuring out your performance?
by island
Sat Dec 31, 2016 1:25 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 230
Views: 26361

Re: Roll Call for the Retirement Class of 2016!

Thanks for the updated list 22twain. I love it when retirees include their age; makes it more relevant for me as I consider when I will join the ranks. Congrats to all! :sharebeer Would be nice to see a 1 year "reunion" thread for each retirement class to hear how the classmates adjusted, ...
by island
Sat Dec 31, 2016 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting a Leave of Absence
Replies: 25
Views: 1938

Re: Requesting a Leave of Absence

Curious, if job is that awful and you don't see yourself returning to it if leave is approved why havent you actively been seeking employment elsewhere?
by island
Mon Dec 26, 2016 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: 2 vs 3+ kids
Replies: 18
Views: 2064

Re: 2 vs 3+ kids

Too personal a decision to base on the opinions of anonymous posters on the internet
by island
Mon Dec 26, 2016 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to graduate from college in 3 years?
Replies: 101
Views: 4558

Re: Is it possible to graduate from college in 3 years?

Yes I have a coworker who's child had so many AP courses that he stared at a university just a few credits short of entering as a junior. No summer school involved.
Others who did it with various combos of AP, summer courses while still in high school and going to college year round.
by island
Fri Dec 23, 2016 3:47 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth Strategies
Replies: 14
Views: 843

Re: Backdoor Roth Strategies

You could take from your emergency fund at the beginning of the year - and contribute to tIRA and then convert to the Roth thru backdoor. Then throughout the year, get your EF back to the normal level. Or, you could take from your taxable investments (you may have to pay CG taxes) and contribute to...
by island
Fri Dec 23, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Reliable washer/dryer brands
Replies: 42
Views: 2880

Re: Reliable washer/dryer brands

In 30 years I've only had 2 washer and dryers. A set of Kenmore that we had for over 20 years and probably could have gone longer, followed by a set of GE Profile. No repairs on either, knock wood. Both top loading washers, gas dryers. At the time we bought the GE everyone we knew who had front load...
by island
Fri Dec 23, 2016 3:20 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth Strategies
Replies: 14
Views: 843

Re: Backdoor Roth Strategies

Spouse and I both do backdoor ROTH conversions. We lump sum in the max right after the new year into a Vanguard IRA money market fund and convert to Vanguard ROTHs within a day or two after. This is what we are doing too. Are you able to just cash flow the lump sum? Or what do you do with the money...
by island
Fri Dec 23, 2016 2:54 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth Strategies
Replies: 14
Views: 843

Re: Backdoor Roth Strategies

Spouse and I both do backdoor ROTH conversions. We lump sum in the max right after the new year into a Vanguard IRA money market fund and convert to Vanguard ROTHs within a day or two after.
by island
Fri Dec 23, 2016 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: How has Financial Independence changed your life?
Replies: 55
Views: 6857

Re: How has Financial Independence changed your life?

Peace of mind. No longer have to worry about can I afford this, or need to postpone a big purchase necessity or not. Don't have to worry financially if I or my spouse or both of us lose our jobs. At this point neither of us would like to see that happen, but there is comfort in knowing when either o...
by island
Sun Dec 18, 2016 12:32 pm
Forum: Personal Consumer Issues
Topic: Recs for blood pressure monitor for home use please
Replies: 13
Views: 1282

Re: Recs for blood pressure monitor for home use please

OP here. Thanks everyone. Will check out the stores and brands you've had good luck with. Will probably stick with Omron or the brand Costco sells due to their generous return policy, but either way upper arm for sure.
by island
Tue Dec 13, 2016 11:28 am
Forum: Investing - Help with Personal Investments
Topic: What % of your net income do you save (not including 401k/IRA)
Replies: 59
Views: 4802

Re: What % of your net income do you save (not including 401k/IRA)

I've never calculated it, but it adds up.

I'm interested in knowing where posters are putting their nonretirement account savings. Investing in what?

Anyone willing to share that?
Thanks.
by island
Sun Dec 11, 2016 10:25 pm
Forum: Investing - Theory, News & General
Topic: Just Inherited Some Vanguard Funds
Replies: 10
Views: 853

Re: Just Inherited Some Vanguard Funds

With multiple beneficiaries with differing investment objectives, you'd be well advised to liquidate these holdings and distribute cash. Also, this will relieve you of the risk of a declining market and unhappy beneficiaries. Gill Hey Gill, I thought about that but decided against it. The four fund...

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