Search found 50 matches

by kappy
Mon May 22, 2017 6:14 pm
Forum: Investing - Theory, News & General
Topic: Understanding a Post Tax 401k
Replies: 15
Views: 1213

Re: Understanding a Post Tax 401k

I believe what captpete means is that his 401k offers a Roth option for post tax money. This is an easy way to get money into a Roth but not the best way to maximize your tax deferred space if that's what you're trying to do. You can only contribute $18,000 to tax advantaged 401k's. I use 401k for a...
by kappy
Sat May 20, 2017 8:06 am
Forum: Investing - Theory, News & General
Topic: Understanding a Post Tax 401k
Replies: 15
Views: 1213

Re: Understanding a Post Tax 401k

Ok, I finally made it through my plan documents. It allows in-service distributions every 3 months but I am not permitted to make after-tax contributions for another 3 months after a distribution. This is fine as my only contributions would happen towards the end of the year and I'd roll over at the...
by kappy
Fri May 19, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: Understanding a Post Tax 401k
Replies: 15
Views: 1213

Re: Understanding a Post Tax 401k

Thank you. I have started reading up on mega backdoor roths and my plan documents. I currently have a traditional IRA and roth IRA at Vanguard as well as pre-tax 401k with my employer. It would seem this limits me to an in service distribution as I do not want to roll my traditional IRA into the 401...
by kappy
Thu May 18, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: Understanding a Post Tax 401k
Replies: 15
Views: 1213

Re: Understanding a Post Tax 401k

Yes, this would be after-tax contributions to my 401k. The reason I ask is that I am maxing my pre-tax 401k based on my salary but my company takes the percentage based on my gross paycheck. I am salaried but can make OT and on weeks that I work OT, I end up contributing more to the 401k than I want...
by kappy
Thu May 18, 2017 6:48 pm
Forum: Investing - Theory, News & General
Topic: Understanding a Post Tax 401k
Replies: 15
Views: 1213

Understanding a Post Tax 401k

I'm trying to understand how a post tax 401k works. After the 2015 IRS ruling that clarified how post tax 401k's can be rolled into a Roth after leaving an employer without paying taxes, are there any major differences between the two? Are dividends in a post tax 401k taxed or not?
by kappy
Wed May 17, 2017 7:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3511
Views: 905344

Re: U.S. stocks in freefall

I had a stroke of luck. I rebalanced some of my small cap into REIT before markets closed yesterday to meet my desired AA. It was a mini win for a day or two but in the grand scheme of things, won't mean a thing. It did put a smile on my face though.
by kappy
Sun May 14, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: Buying Major Appliances Online
Replies: 20
Views: 1792

Re: Buying Major Appliances Online

Thanks for the replies. The warranty and return policy start date comment certainly makes it less tempting to buy early and store them. I might give AJMadison or ABT a try if their prices are still the best when I'm ready to buy. Since these would be delivered by truck whether I buy online or local,...
by kappy
Sun May 14, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Why do certain employers make you wait a year to contribute to 401k?
Replies: 43
Views: 6614

Re: Why do certain employers make you wait a year to contribute to 401k?

I changed jobs last year. My new 401k allowed me to contribute after a month of employment but they would not match until I was there for a year. There is also a 4 year vesting period on the match. The year wait for employer matching was the toughest part and I learned that it was a more recent chan...
by kappy
Fri May 12, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Buying Major Appliances Online
Replies: 20
Views: 1792

Re: Buying Major Appliances Online

Currently, I can get the appliances locally on sale for the same price as online. I haven't tracked them long enough to see if the online prices swing like the local sale prices. Assuming the price is similar, the main thing I'd be saving is the 7% tax. Whether I buy locally or online, it would be d...
by kappy
Fri May 12, 2017 12:51 pm
Forum: Personal Consumer Issues
Topic: Buying Major Appliances Online
Replies: 20
Views: 1792

Buying Major Appliances Online

I'm in the process of building a house and didn't feel like lumping thousands of dollars of appliances that last <10 years into a 15-30yr mortgage. I'll need to buy the washer/dryer and refrigerator myself. I'm trying to find the best deal even if it means buying before the house is complete then ju...
by kappy
Sun Apr 02, 2017 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for Parents (mid 60's)
Replies: 17
Views: 1999

Re: Advice for Parents (mid 60's)

Great info everyone. Dad was the higher earner and plans to hold off until 70 to take SS. I'm sure they will be fine either way but I'm just trying to help them plan for a decade or two down the road and I'm not confident their Fidelity advisor has their best interests in mind. It sounds like a Roth...
by kappy
Sun Apr 02, 2017 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Advice for Parents (mid 60's)
Replies: 17
Views: 1999

Re: Advice for Parents (mid 60's)

Thanks for the advice. It does look like they will be in the bottom of the 25% bracket in the few years before RMD's kick in with moms pension and their other income.
by kappy
Sat Apr 01, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for Parents (mid 60's)
Replies: 17
Views: 1999

Advice for Parents (mid 60's)

I was talking with my mother today about my parents finances and had some questions before giving any real advice. Both parents are mid 60's. Dad retired a couple years ago and mom retires later this year. They have around $1M in IRAs and mom has a pension that will cover their basic necessities. Mo...
by kappy
Sat Apr 01, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Florida prop taxes + insurance?
Replies: 23
Views: 1558

Re: Florida prop taxes + insurance?

House age matters a lot. I'm in the middle of the state in a house built in the late 80's (value ~250k). Insurance is over $1500 a year even after $800 was knocked off after a wind mitigation inspection. I'm building a house a few miles from the coast with similar value. Insurance will be under $100...
by kappy
Fri Mar 24, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Date Funds
Replies: 27
Views: 5227

Re: Vanguard Target Date Funds

I knew nothing about investing for the first several years of my working life other than the fact that I should invest as much as possible in my 401k. The target date funds were perfect for me. When I did finally find Bogleheads and start learning, I was happy to find the expense ratio was under .15...
by kappy
Wed Mar 08, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple job offers
Replies: 36
Views: 2929

Re: Multiple job offers

I think it comes down to the fact that a company can let you go at any time, especially in the first 90 day window. Honestly, it seems worse to take a job, get trained, assimilate into the new system, and then take another offer after only a year. There is a risk of burning bridges but this is reall...
by kappy
Wed Mar 08, 2017 7:29 pm
Forum: Investing - Theory, News & General
Topic: Every 40-yr returns curve of the S&P500 since 1870 graphed
Replies: 40
Views: 4224

Re: Every 40-yr returns curve of the S&P500 since 1870 graphed

Along those lines, it would be interesting to see how an 80/20 or 60/40 portfolio compares over the same timeframe.
by kappy
Tue Jan 31, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: AAPL stock
Replies: 4
Views: 707

Re: AAPL stock

I bought in 2003. Wish I had bought more but I'm hoping to get AAPL down to 10% of my portfolio by the end of this year :sharebeer
by kappy
Sun Jan 15, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 17987

Re: "Millennials may need to double how much they save for retirement"

It would take at least a 20% increase in overall compensation to make me move and I'm not overly ecstatic about my current employer. I wonder what millenials get each time they move besides another bullet on their resumes. Seems like it's a lot of work to jump ship every two years and I question wh...
by kappy
Sat Jan 14, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 68
Views: 10200

Re: Ally Bank - Is this a safe/best place to stash some cash?

I opened up my Ally savings account earlier today. The process took 15-20 minutes and was very easy. You will need the account and routing number of your current bank for an initial deposit.
by kappy
Sat Jan 14, 2017 3:38 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 17987

Re: "Millennials may need to double how much they save for retirement"

1%? How do you manage that? My property taxes are 3% of my annual income. I agree with the constant expenses but higher earnings as you get older but inflation does hurt you. I remember having a conversation with an older co-worker who had worked at the company since 1964 (both direct and contractor...
by kappy
Sat Jan 14, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Opening Ally Bank Acct - Q's
Replies: 4
Views: 612

Re: Opening Ally Bank Acct - Q's

Thanks. I just set up the account; should have done it months ago. There's interest to be earned!
by kappy
Sat Jan 14, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Opening Ally Bank Acct - Q's
Replies: 4
Views: 612

Opening Ally Bank Acct - Q's

I want to open an online savings account with Ally for the 1% rate. The initial money will be for the down payment on a house (3-6 months out) and then I will use it for emergency fund money after that. I do have a couple questions mostly stemming from the house... 1. Does opening this account put a...
by kappy
Sat Jan 14, 2017 10:52 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 17987

Re: "Millennials may need to double how much they save for retirement"

Older millennial here. My parents can only retire now because of social security. They just topped $1M, which would not cover their costs in retirement at 4%. This includes pensions, as like many boomers my mom paid into a defined benefit pension for years only to have the terms repeatedly changed ...
by kappy
Sun Jan 08, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Scottrade Bank Q's
Replies: 5
Views: 462

Re: Scottrade Bank Q's

Thanks everyone. Sounds like there are some varied experiences with Scottrade. I use them infrequently but I want to start pulling money from this taxable account every year to fund my Roth IRA at Vanguard. I won't be moving funds frequently but it will be going on for many many years to come.
by kappy
Sun Jan 08, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Scottrade Bank Q's
Replies: 5
Views: 462

Scottrade Bank Q's

Question for all you Scottrade users... I have an individual taxable brokerage account with them and would like to withdraw some funds. It has been quite a few years since I last did this and it wasn't very straightforward back then. Now it seems like the easiest way is to open a Scottrade bank acco...
by kappy
Mon Jan 02, 2017 6:17 pm
Forum: Personal Consumer Issues
Topic: Nissan Leaf ?
Replies: 40
Views: 3726

Re: Nissan Leaf ?

My dad drove one for a few years before he retired and still has it for most trips around town. He would charge it up to 80% every day and it worked fine for his 20 mile commute each way. He would get home with maybe 20 miles (of 100) left. The original battery was replaced under warranty when it fa...
by kappy
Tue Dec 20, 2016 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Building House - Mortgage Q's
Replies: 6
Views: 632

Re: Building House - Mortgage Q's

Thanks. I'm leaning towards a large lump payment. My financial situation is good and job is reasonably secure. I keep a 1 yr emergency fund on top of taxable investments so having immediate equity in my new house is worthwhile.
by kappy
Mon Dec 19, 2016 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Building House - Mortgage Q's
Replies: 6
Views: 632

Building House - Mortgage Q's

I'm in the process of building a house and am interested in Bogleheads views of paying down the mortgage. New house will be ~$235k. I will be paying 20% down with money from my savings account and once I sell my current house, I will have ~$90k available after building up the emergency fund and payi...
by kappy
Sat Dec 03, 2016 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Contribution Limits
Replies: 3
Views: 621

Re: Contribution Limits

Thanks pascal. Mini heart attack averted!
by kappy
Sat Dec 03, 2016 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Contribution Limits
Replies: 3
Views: 621

Contribution Limits

HI everyone. I have a few questions regarding contribution limits. This year has been busy for me finance-wise and I'm worried I missed something that will cause me problems come tax time. Is the $18,000 IRS contribution limit the combined limit for both pre-tax 401k plus Roth 401k? Do Roth IRA cont...
by kappy
Mon Oct 03, 2016 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: maxed 401k - employer match
Replies: 24
Views: 2437

Re: maxed 401k - employer match

From what I understand, the company match can go over the personal $18k limit. There is a combined limit of $53k that includes all personal and company contributions. Also, some companies match per pay stub, not year. This means if you hit $18k in July and then stop contributing for the rest of the ...
by kappy
Sat Oct 01, 2016 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Does your employer use SAT/ACT scores?
Replies: 51
Views: 3207

Re: Does your employer use SAT/ACT scores?

I've worked at a couple companies and interviewed with others. All major S&P 500 players. Straight out of school, we needed a 3.0 GPA to get a job. Since then, other than listing GPA on a bio, no other school related performance was asked. SAT/ACT was never asked of me and I never bring it up wh...
by kappy
Fri Sep 30, 2016 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: VOO or VFINX? [ETF vs Investor fund shares]
Replies: 2
Views: 478

Re: VOO or VFINX? [ETF vs Investor fund shares]

Investor shares have higher ER, thus lower returns. VOO and VFIAX should be identical due to admiral shares and ETF's having the same expenses. It's a preference thing but in my view, if you don't have the $10,000 minimum to put in to get admiral shares of a fund, you might as well buy the ETF. Down...
by kappy
Tue Sep 13, 2016 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: House: Selling Old, Buying New
Replies: 0
Views: 433

House: Selling Old, Buying New

I changed jobs earlier this year and am now moving closer to my new employer. I'd like a critique of my plan. Current house: bought for $150k in 2010, $85k left on mortgage. Worth ~$240k now. After the realtors take their cut, I should make around $140k. New house: new construction, $240k. Completed...
by kappy
Sun Aug 14, 2016 4:00 pm
Forum: Investing - Theory, News & General
Topic: "The Minority of Investors" ... Billionaires
Replies: 35
Views: 4343

Re: "The Minority of Investors" ... Billionaires

Thank you for accurately and succinctly summarizing my working career :wink: ... BTW, I started in engineering out of school at $9,600/ yr and no IRA / 401(k). It does strike a bit of a chord with me too... Funny, I had some old sr. managers who would say they started out of school making $12k. I n...
by kappy
Sun Aug 07, 2016 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Sell my Apple stock?
Replies: 45
Views: 4380

Re: Sell my Apple stock?

I say it depends what the overall value is of your portfolio. 75 shares of Apple is worth around $8k. If your entire portfolio is $400k, then you're just a adding another 2% weighting to Apple. Have fun and let it ride! On the other hand, if your entire portfolio is $50k, then you may want to think ...
by kappy
Sun Jul 31, 2016 8:32 pm
Forum: Investing - Theory, News & General
Topic: Extended Market vs. Small+Mid Cap
Replies: 6
Views: 1017

Re: Extended Market vs. Small+Mid Cap

Underperformed, not outperformed.

Thanks for the explanation, I didn't realize extended market was more than just mid and small caps.
by kappy
Sun Jul 31, 2016 6:43 pm
Forum: Investing - Theory, News & General
Topic: Extended Market vs. Small+Mid Cap
Replies: 6
Views: 1017

Extended Market vs. Small+Mid Cap

Quick question... I've noticed that the extended market index VEXAX has underperformed both the small and mid caps VSMAX and VIMAX. I thought the extended market was essentially a combination of stocks from these two funds. What gives?
by kappy
Sat Jul 30, 2016 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best way to send the direct rollover check to Vanguard?
Replies: 35
Views: 4139

Re: What is the best way to send the direct rollover check to Vanguard?

It may go a little faster if you predetermine with the Vanguard rep what fund(s) you want to be in so they put the money directly into those funds instead of the settlement account. I did not and IIRC, I was able to buy into mutual funds a day or two after Vanguard received the checks and maybe with...
by kappy
Tue Jul 26, 2016 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: How to manage 120K in taxable account
Replies: 11
Views: 1418

Re: How to manage 120K in taxable account

I asked a similar question and found that the total stock market funds are best for taxable accounts because of low turnover. I hold the VTI ETF in my taxable account. Just remember your asset allocation includes all accounts so if you hold all stock in taxable, you may need to have significant bond...
by kappy
Sun Jul 24, 2016 10:57 am
Forum: Investing - Theory, News & General
Topic: Remind me once again why I can't time the market?
Replies: 75
Views: 8400

Re: Remind me once again why I can't time the market?

I'll add a little from my experience. I rolled over my 401k at a previous employer to a Vanguard IRA earlier this year which left me with the choice to invest it all immediately or use a more DCA approach. This was the time when the DOW seemed to be doing +100pts then -100pts every other day. I put ...
by kappy
Fri Jul 08, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of purchasing a home, talk me out of it. can my plan work?
Replies: 47
Views: 4135

Re: thinking of purchasing a home, talk me out of it. can my plan work?

If you can rent for $675/mo in SoCal, I don't know why you'd give that up to pay more than three times that in mortgage, taxes and insurance unless you just want to speculate in real estate. Ditto. Buying would make sense if your rent was close to the mortgage payment. Also you have to consider hou...
by kappy
Mon Jun 27, 2016 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Reducing my Taxable Account
Replies: 12
Views: 2167

Re: Reducing my Taxable Account

Sorry Taylor, I meant that AA is intended to be my overall allocation across all accounts. If rebalancing gets tiresome as I get older, I may follow your advice and do a 3 fund portfolio. I understand that total stock market funds are efficient for taxable accounts so I only plan on holding those in...
by kappy
Sat Jun 25, 2016 10:54 am
Forum: Investing - Help with Personal Investments
Topic: [RESOLVED] 401k Rollover to Vanguard Gone Awry - Can You Advise?
Replies: 10
Views: 1268

Re: 401k Rollover to Vanguard Gone Awry - Can You Advise?

So you also rolled over a 401k with pretax and roth assets? Were both checks made out the same way and did you simply add a note when you sent them to Vanguard telling them which accounts? Just wanted to know how a successful rollover went so I can try to do the same thing when we do it next month....
by kappy
Fri Jun 24, 2016 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: [RESOLVED] 401k Rollover to Vanguard Gone Awry - Can You Advise?
Replies: 10
Views: 1268

Re: 401k Rollover to Vanguard Gone Awry - Can You Advise?

I don't want to be bearer of bad news but I rolled a traditional and Roth into Vanguard a couple months ago. My "track my transfer" link still says it's waiting for a rollover check. I believe these are just placeholders because they list the approximate values I gave Vanguard while openin...
by kappy
Fri Jun 24, 2016 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Reducing my Taxable Account
Replies: 12
Views: 2167

Re: Reducing my Taxable Account

Well in all the turmoil today, I sold around 40% of my AAPL holdings and bought VTI. AAPL was down 2% and VTI was down 2.6% at the time so it made the choice easy. That reduces my risk and also makes my overall portfolio closer to the total market. If VXUS continues to plunge next week, I may make a...
by kappy
Thu Jun 23, 2016 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Reducing my Taxable Account
Replies: 12
Views: 2167

Re: Reducing my Taxable Account

Thanks retiredjg. That puts things into perspective.

Taylor, I have edited my first post to the standard format and included all my investments. It really helps to see the risk now that everything is normalized against the total of all accounts.
by kappy
Thu Jun 23, 2016 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Reducing my Taxable Account
Replies: 12
Views: 2167

Re: Reducing my Taxable Account

Thanks. I'm 31, single (no children), and make a salary of $85,000. Fortunately, I'm in Florida so I won't need to worry about state income tax. I have not been reinvesting dividends but have used dividend money to buy a couple other stocks. One of which can be used for a tax loss harvesting but it'...
by kappy
Wed Jun 22, 2016 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Reducing my Taxable Account
Replies: 12
Views: 2167

Reducing my Taxable Account

Hi everyone. I’ve been lurking for the past few months and this is my first post. I found Bogleheads while researching a 401k rollover when I changed jobs earlier this year but this post is centered on my taxable Scottrade account. Over a decade ago, I made an educated guess and purchased my first s...

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