Search found 812 matches

by mcraepat9
Thu Apr 19, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity 4 fund that would be better than freedom fund?
Replies: 15
Views: 1160

Re: Fidelity 4 fund that would be better than freedom fund?

Maybe I have overlooked it but is their a suggested 4 fund for Fidelity and would someone suggest a better set up with 4 Fidelity funds over their targeted funds. I am 12 to 15 years out for retirement. Unclear what you are trying to solve for - do you not like the Fidelity Freedom Index Funds asse...
by mcraepat9
Tue Apr 17, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: How Warren Buffett Won His Multi-Million Dollar Long Bet
Replies: 27
Views: 3411

Re: How Warren Buffett Won His Multi-Million Dollar Long Bet

Pajamas wrote:
Tue Apr 17, 2018 11:53 am
Part of the genius of what Warren Buffett did was to bet against a portfolio of hedge funds instead of a single hedge fund. I think that made it more likely that he would win.
Pajamas, did his opponent have to use multiple hedge funds? I don't remember the rules.
by mcraepat9
Tue Apr 17, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: NYC restaurant suggestion
Replies: 52
Views: 3714

Re: NYC restaurant suggestion

BashDash wrote:
Mon Apr 16, 2018 7:08 pm
OP here again. Going back for another night soon. Can anyone recommend a nyc sushi restaurant? All you can eat would be great. We are new to trying sushi so we find it to be a nice way to sample different types. Thanks.
Sasabune - get the omakase and thank me in the morning.
by mcraepat9
Tue Apr 17, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: PC laptops
Replies: 94
Views: 4320

Re: PC laptops

bloom2708 wrote:
Tue Apr 17, 2018 1:34 pm
I like Lenovo. At work I have a newer X1 Carbon. At home I have a couple versions older X1 Carbon. i5, 256gb SSD.
+1

Couldn't be happier with my X1 Carbon Lenovo
by mcraepat9
Wed Apr 11, 2018 12:46 am
Forum: Investing - Theory, News & General
Topic: Best way to max 401k
Replies: 5
Views: 1015

Re: Best way to max 401k

I would love to know how all of you salaried folks max your 401k? equal payments throughout the year (not because it is most efficient/valuable, just most convenient for me and avoids any issues that could potentially result from having $0 paychecks for a few months, similar to what you experienced...
by mcraepat9
Wed Apr 11, 2018 12:42 am
Forum: Investing - Theory, News & General
Topic: 529 plan use in 2018 - Homeschooling
Replies: 20
Views: 1995

Re: 529 plan use in 2018 - Homeschooling

MrPotatoHead, I think you've got groupies now.
by mcraepat9
Fri Apr 06, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff questions
Replies: 12
Views: 2317

Re: Mortgage payoff questions

I'm paying off my mortage and I received a payoff quote from the servicer. 1) I'm a little surprised to note that the quote is valid till the end of the month. Does that mean I'd be better off paying as late as possible this month since I can collect interest on the balance in my online bank accoun...
by mcraepat9
Thu Apr 05, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: New Tax Law- Out of State 529 Plans
Replies: 11
Views: 809

Re: New Tax Law- Out of State 529 Plans

Question about the changes to 529 qualified distributions. It seems states are now adjusting policies due to the new tax law. When I log into my New York 529 plan website, I get the below message: On December 22, 2017, new federal tax reform "legislation (H.R. 1) was signed into law. This legislati...
by mcraepat9
Thu Apr 05, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: New Tax Law- Out of State 529 Plans
Replies: 11
Views: 809

Re: New Tax Law- Out of State 529 Plans

Question about the changes to 529 qualified distributions. It seems states are now adjusting policies due to the new tax law. When I log into my New York 529 plan website, I get the below message: On December 22, 2017, new federal tax reform "legislation (H.R. 1) was signed into law. This legislati...
by mcraepat9
Tue Apr 03, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Saving For Retirement as a Millennial
Replies: 28
Views: 2358

Re: Saving For Retirement as a Millennial

I'm a slightly older millennial and made similar to what you're making at the same point in my career. Your saving rate is great and higher than mine was at the same time. I agree you shouldn't be paying extra on your mortgage. Pour all that into your 401k and reduce your taxes even more. You shoul...
by mcraepat9
Tue Apr 03, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Saving For Retirement as a Millennial
Replies: 28
Views: 2358

Re: Saving For Retirement as a Millennial

I'm a slightly older millennial and made similar to what you're making at the same point in my career. Your saving rate is great and higher than mine was at the same time. I agree you shouldn't be paying extra on your mortgage. Pour all that into your 401k and reduce your taxes even more. You shoul...
by mcraepat9
Thu Mar 22, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: I can’t believe I’m asking another TLH question
Replies: 6
Views: 704

Re: I can’t believe I’m asking another TLH question

I searched, I read, and I’m still confused :confused I have VG total stock market and total international mutual funds in a taxable account. Purchases as follows: Multiple lots prior to 1/6/18, all at a gain 1/16/18 — lot at a gain 3/16/18 — lot at a loss Assuming I sell tomorrow all of my 3/16/18 ...
by mcraepat9
Mon Mar 12, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: College costs not covered by 529
Replies: 30
Views: 2399

Re: College costs not covered by 529

Hockey10 wrote:
Mon Mar 12, 2018 12:45 pm
- fitness center fee - $120
I think the question on that one is whether payment of this fee is required as a condition for enrollment vs a voluntary fee?
by mcraepat9
Thu Feb 22, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Diversification when total market isn't an option...
Replies: 10
Views: 717

Re: Diversification when total market isn't an option...

Use the 500 index and move on. There are more important things in your life (financial and otherwise) that you should be spending your time on.
by mcraepat9
Thu Feb 22, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 9046

Re: Do you rent even if you can afford to buy?

I started earning *decent* money a few years ago after living on a TA/RA salary in grad school in the preceding 7 years. Now I can afford to buy a condo/house but want to continue renting for the flexibility that comes with it. Congrats I did a buy vs rent analysis using online tools and realized t...
by mcraepat9
Tue Feb 20, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: What funds would you pick for 401k?
Replies: 8
Views: 570

Re: What funds would you pick for 401k?

Hi All! I've been contributing my employer match to my 401k, however, I'm not sure what the best funds are (if any at all) Plenty of good funds here. . Based on this I did not want to contribute more than the 5% match. I need some help to determine if I should continue to just do the 5% match (and ...
by mcraepat9
Tue Feb 20, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: What funds would you pick for 401k?
Replies: 8
Views: 570

Re: What funds would you pick for 401k?

You're not going to get many responses with the format of your original post - it is best to copy paste the title of each fund with ticker symbol (if available) and expense ratio. That will generate many more responses.
by mcraepat9
Tue Feb 20, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k Question
Replies: 14
Views: 977

Re: Solo 401k Question

ANKLEDEEP wrote:
Tue Feb 20, 2018 8:02 am
Spirit Rider wrote:
Tue Feb 20, 2018 2:41 am
Why are you in such a hurry to roll a Roth 401k to a Roth IRA. RMDs do not start until the year you turn 70 1/2.
I didn’t think you had RMD’s with any Roth accounts? Only with Traditional?
This isn't true - Roth 401ks do have RMDs, but can be avoided by rolling into a Roth IRA.
by mcraepat9
Tue Feb 20, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Cut down on retirement savings to build emergency fund
Replies: 20
Views: 1298

Re: Cut down on retirement savings to build emergency fund

I would max everything but keep your Roth IRA contributions in more cash-like instruments (i.e. not invested in equities) and once you have built up an E-fund outside of the Roth (even if it goes slower than it would without maxing), then you can invest your Roth IRA in equities or whatever your AA ...
by mcraepat9
Wed Feb 14, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Docs
Replies: 16
Views: 1399

Re: Legal Docs

I am a retired attorney, but I didn't practice in the estate area. I am very frugal. I still paid attorneys at least three times to prepare wills and associated documents. Each time, I learned more about what I didn't previously know. Using an attorney familiar with your state's laws is particularl...
by mcraepat9
Wed Feb 07, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Taxes for Surgical Resident
Replies: 78
Views: 3840

Re: NYC Taxes for Surgical Resident

At the very least, you'll have to pay taxes on the days you work there, and the apartment could get you in trouble. A hotel, sublet or airbnb might help the case that you're not a part time resident. There are firms that specialize in these issues, but given the type of clientele that needs them, I...
by mcraepat9
Sat Jan 27, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 48
Views: 3533

Re: Ways to Protect Assets Without a Prenup

Don't worry about the Roth IRA and your 401(k). They're individual accounts, though you may wish to name your wife as beneficiary. If she doesn't have a Roth IRA, she should have one, with contributions coming from your combined annual income. Not you may want to name your wife as beneficiary but y...
by mcraepat9
Thu Jan 25, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Any thoughts on Wealthfront for IRA?
Replies: 6
Views: 622

Re: Any thoughts on Wealthfront for IRA?

Illogical - Wealthfront's most useful feature is automated tax loss harvesting, which adds no value to you in an IRA.
by mcraepat9
Thu Jan 25, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) rollover to Solo 401(k) - Withholding?
Replies: 6
Views: 339

Re: 403(b) rollover to Solo 401(k) - Withholding?

Thanks all - found out it was the forfeiting of unvested portions of the 403(b) that just coincidentally happened to be 20% of the total. Appreciate the guidance.
by mcraepat9
Tue Jan 23, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) rollover to Solo 401(k) - Withholding?
Replies: 6
Views: 339

Re: 403(b) rollover to Solo 401(k) - Withholding?

If that happened x needs to determine why it happened. Could have been a combination of errors and even if the 403 b plan was 100% at fault, it unlikely x will get any more than an apology. However, x would still have the option to complete the rollover using other funds. X has 60 days from the dat...
by mcraepat9
Tue Jan 23, 2018 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) rollover to Solo 401(k) - Withholding?
Replies: 6
Views: 339

Re: 403(b) rollover to Solo 401(k) - Withholding?

This was done as a direct rollover - the participant never received a check. The 403(b) provider sent a check directly to the solo 401(k) provider.
by mcraepat9
Tue Jan 23, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) rollover to Solo 401(k) - Withholding?
Replies: 6
Views: 339

403(b) rollover to Solo 401(k) - Withholding?

Here is the scenario: X has a traditional 403(b) from an old W-2 job that she departed about 11 months ago. X also has 1099 income from a side job, so she opened a solo 401(k) before 12/31/17 (she applied for an EIN, which was required by Fidelity to open the solo 401k, but she is a sole proprietor)...
by mcraepat9
Sat Jan 20, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: 32/M seeking advice on investing excess income in non-retirement accounts after maxing out 401K/IRA
Replies: 19
Views: 1679

Re: 32/M seeking advice on investing excess income in non-retirement accounts after maxing out 401K/IRA

I’m a 32/M living in NYC and am seeking advice on how to invest excess income in non-retirement accounts after maxing out 401K and IRA and creating an emergency fund. Welcome! We are very similar in age and location. I’m currently investing savings/leftover income across Total US, Total Intl. and B...
by mcraepat9
Thu Jan 18, 2018 5:52 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 7978

Re: Short Commute or Nicer House?

What is your gut telling you? This is one of those decisions that is essentially "you do you". If you want the big house, then go for it. If you value your time and don't assign as much value to the suburban lifestyle, then go for the more urban option. You know you better than anyone on this forum....
by mcraepat9
Thu Jan 11, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Somewhat rhetorical question...
Replies: 10
Views: 794

Re: Somewhat rhetorical question...

Computershare's main business is being a registrar and transfer agent for the stock of publicly traded companies. They handle all the recordkeeping, stockholder rolls, direct share purchase program, DRIPs, ESPPs etc. for the companies that employ them. When you buy stock at a brokerage, it is held i...
by mcraepat9
Mon Jan 08, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7743

Re: Are Password Managers Really Necessary?

Yes a password manager is necessary. When a hack happens to you and you lose money, are your friends going to make you whole and give you back $$$? Will your password manager provider give you your $$$ back if they are hacked and lose your credentials? Perhaps that was a poor argument, since passwo...
by mcraepat9
Mon Jan 08, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 129
Views: 7743

Re: Are Password Managers Really Necessary?

Yes a password manager is necessary. When a hack happens to you and you lose money, are your friends going to make you whole and give you back $$$? Credit card fraud I agree is a bit of a red herring - i am concerned mostly about my bank account and brokerage accounts. There was a point in time when...
by mcraepat9
Mon Jan 08, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: On-line legal documents...good?
Replies: 12
Views: 860

Re: On-line legal documents...good?

For important things like wills and trusts (maybe medical POAs if there isn't a standard form in your state), I would use a qualified trusts and estates attorney in your jurisdiction. Maybe online works, maybe it doesn't - you probably will never know it since you may be dead or incapacitated at pre...
by mcraepat9
Tue Jan 02, 2018 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: First HSA: Any Hints, Tips Or Tricks?
Replies: 6
Views: 747

Re: First HSA: Any Hints, Tips Or Tricks?

If you plan on keeping receipts forever, make sure you scan them in. They will fade if you expect to keep them in paper form.
by mcraepat9
Fri Dec 29, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: How best to invest $8K per month?
Replies: 10
Views: 1901

Re: How best to invest $8K per month?

If your preferred asset allocation is 80% stocks / 20% bonds, is there a reason you would not maintain that allocation with your $8k per month in taxable?
by mcraepat9
Thu Dec 28, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: First job! New investor!
Replies: 8
Views: 483

Re: First job! New investor!

How big is the pension you expect to receive? Will you still be living in CA (or another high tax state) when you retire? I know it's hard to project out that far, but one of the big problems with Roth 403(b) is that you are prepaying state income taxes without knowing if you will ever have to pay t...
by mcraepat9
Sat Dec 23, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Problem donating VTSAX shares to Schwab Charitable
Replies: 19
Views: 1032

Re: Problem donating VTSAX shares to Schwab Charitable

I have a Fidelity DAF and mutual funds and ETFs at Vanguard. I have never been able to "push" securities from my Vanguard taxable account to my Fidelity DAF. I've called Vanguard numerous times and get told every time that Fidelity Charitable must "pull".
by mcraepat9
Sun Dec 17, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Same Target Date Fund in TWO places, stay or change?
Replies: 4
Views: 463

Re: Same Target Date Fund in TWO places, stay or change?

The target date fund is already diversified. There's nothing wrong with having the same TDF in multiple accounts (obviously the asset allocation needs to work for you - so that's a different question). The issue that you should focus on is whether a target date fund in a taxable account is the right...
by mcraepat9
Sun Dec 17, 2017 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Placement of Total International Stock Fund for tax efficiency.
Replies: 7
Views: 1676

Re: Placement of Total International Stock Fund for tax efficiency.

The answer to this question depends mostly on your tax bracket. Need to refer to triceratop's relative tax efficiency post for the google spreadsheet doc to calculate:

viewtopic.php?t=208818
by mcraepat9
Wed Dec 13, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable vs. Tax Deferred - not much difference?
Replies: 56
Views: 4638

Re: Taxable vs. Tax Deferred - not much difference?

Just from a logic perspective, how do contribution limits negate the benefits? Agree, this is seems to be a confusing statement. I guess in theory if the contribution limit were $100 per year, you might have some sort of cost-benefit analysis that would counsel against spending your time with 401k ...
by mcraepat9
Sun Dec 10, 2017 11:01 am
Forum: Investing - Theory, News & General
Topic: Schwab 25% Cheaper than Vanguard?
Replies: 13
Views: 1620

Re: Schwab 25% Cheaper than Vanguard?

TheTimeLord has flagged the key question here... the answer is no.
by mcraepat9
Sat Dec 09, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 25381

Re: Prepayment of SALT Taxes? [State and Local]

Similar question-- wouldn't those subject to AMT be better off NOT pre-paying property tax and state income tax in 2017, given that the AMT is likely to go away in 2018 thus allowing deductions in 2018 that would have been negated by AMT in 2017? Interesting thought. I think the problem I have unde...
by mcraepat9
Sat Dec 09, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 25381

Re: Prepayment of SALT Taxes? [State and Local]

I've been playing with Turbotax. The very short answer that seems to be the case for me, is that if you are subject to AMT solely because of SALT deductions, I'm not sure that prepaying 2018 taxes (assuming it can be done) helps much. FWIW, I am I have an AGI of ~$400,000 and deductible SALT taxes o...
by mcraepat9
Wed Dec 06, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs Target
Replies: 10
Views: 888

Re: 3 fund vs Target

The very short and simple answer: if all your investments are in tax-advantaged accounts, a low-cost target fund is usually the best option because it automatically handles rebalancing and is more "set it and forget it". Once you spill over into taxable investments, it is usually advisable to utili...
by mcraepat9
Wed Dec 06, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs Target
Replies: 10
Views: 888

Re: 3 fund vs Target

The very short and simple answer: if all your investments are in tax-advantaged accounts, a low-cost target fund is usually the best option because it automatically handles rebalancing and is more "set it and forget it". Once you spill over into taxable investments, it is usually advisable to utiliz...
by mcraepat9
Wed Dec 06, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Another backdoor ROTH question
Replies: 1
Views: 200

Re: Another backdoor ROTH question

Yes you can

Yes those are the steps
by mcraepat9
Tue Dec 05, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 25381

Re: Prepayment of SALT Taxes? [State and Local]

I can personally vouch that the CA Franchise Tax Board online payment systems for estimated taxes allows you to choose which tax year it applies to, and that includes 2018. Tragically AMT limits how much some can pay... but I paid every 2018 penny I could. Massive Charitable Donor Funding helps low...
by mcraepat9
Tue Dec 05, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 25381

Re: Prepayment of SALT Taxes? [State and Local]

Hi Mcraepat9, Which form is for 2018 NYS estimated payment? I see only 2017 forms on the website. Thanks PDF forms not available yet - if you have an account with NYS DTF (if you don't, create one) and then try to make an estimated tax payment. It will show you are able to pay through Q3 2018. On t...