Search found 47 matches

by mopman78
Sun Mar 18, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Venturing into the taxable space
Replies: 13
Views: 986

Re: Venturing into the taxable space

To increase bonds in your 401k, why not simply choose a different target date fund? Pick the one with the bond allocation you prefer, and then build your taxable account with total stock market and total international market funds/ETFs. I like this idea. I'm still quite happy with 80/20 but since i...
by mopman78
Sun Mar 18, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Venturing into the taxable space
Replies: 13
Views: 986

Re: Venturing into the taxable space

What college savings plan are you referring to? We don't have kids and are not contributing to a college plan
by mopman78
Sun Mar 18, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Venturing into the taxable space
Replies: 13
Views: 986

Venturing into the taxable space

My wife and I are continuing to turn things around and had a good year where we were able to make a lot of progress. We paid off debt, maxed out pre-tax and Roth contributions, started an HSA. Going forward this year we're going to begin investing in a taxable account. We had a lot of debt to overco...
by mopman78
Mon Feb 19, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1515

Re: Emergency costs

thanks jlcnuke. im glad someone read the question
by mopman78
Sun Feb 18, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1515

Re: Emergency costs

I’m posting this because it doesn’t seem to violate any forum policy on external links. If it does, mods please delete and accept apologies

https://www.acscan.org/sites/default/fi ... %20Web.pdf
by mopman78
Sun Feb 18, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1515

Re: Emergency costs

I just found an article by The American Cancer Society that was quite helpful in assessing the costs of scenario 3. I was possibly overthinking it but it seems to be limited to premiums, deductibles, out of pocket max and indirect costs. Sure makes me happy I have good insurance.
by mopman78
Sun Feb 18, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1515

Re: Emergency costs

I don’t think that one could apply to me but it sounds awful. I don’t think I asked my question well. How much would situations 2 and 3 cost?
by mopman78
Sun Feb 18, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1515

Emergency costs

After reading the White Coat Investor’s post on minimizing emergency costs and about 1000 emergency fund posts, it got me thinking. What kind of an emergency am I planning for and how much does it cost? I came up with three ideas 1-immediate job loss (of either me, my spouse, or both - I’ve lived th...
by mopman78
Sun Feb 04, 2018 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: What documentation should i be keeping
Replies: 3
Views: 447

Re: What documentation should i be keeping

Great response Duckie. Extremely helpful

I knew about the pro-rata rule. The TIRA is kept empty as a conduit for the Roth rollovers
by mopman78
Sun Feb 04, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: What documentation should i be keeping
Replies: 3
Views: 447

What documentation should i be keeping

I have a traditional IRA, a Roth IRA and I’m starting to use a taxable account as well, all with Vanguard. I do backdoor and mega backdoor rollovers. What documentation should I be keeping and for how long? I recently read that you have to track cost basis for the rest of your life. Is this done by ...
by mopman78
Wed Jan 31, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 8180

Re: IRS Form 8606 (Nondeductible IRAs)

Is this form needed for a backdoor IRA rollover? I made a non-deductible IRA contribution, then rolled it over to a Roth. So far I’ve entered it all in turbotax with no issue and no prompt or warning about 8606
by mopman78
Sun Jan 14, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation and portfolio advice
Replies: 2
Views: 211

Re: Asset allocation and portfolio advice

I may have been overthinking it but if I change bonds to 20% in protected accounts and then start building a purely equity taxable account, my AA will drift away from 80/20
by mopman78
Sun Jan 14, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation and portfolio advice
Replies: 2
Views: 211

Asset allocation and portfolio advice

Emergency funds: six months of expenses Debt: Mortgage $405k @ 3.8% fixed, $100k in combined his and hers student loans, average rate ~4%, range between 2%-6%, paid off all other debt this year Tax Filing Status: Married Filing Jointly, no kids Tax Rate: 32% Federal (possibly 35% depending on the va...
by mopman78
Tue Jan 09, 2018 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: target date fund with cash instead of bonds
Replies: 8
Views: 856

Re: target date fund with cash instead of bonds

Bond Types (% of Fund)
BondTypes description as of 09-30-2017
Corporate Notes/Bonds 0.29
Fixed Income Other 0.19
Govt. Agency Notes/Bonds 0.09

Credit Quality (% of Fund) CreditQuality description
Not Available
Maturity Breakdown (% of Fund) MaturityBreakdown description
Not Available
by mopman78
Tue Jan 09, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: target date fund with cash instead of bonds
Replies: 8
Views: 856

Re: target date fund with cash instead of bonds

This is what I'm seeing when I log into my plan. "Asset Allocation (% of Fund) as of 09-30-2017 Asset Allocation may equal less than or greater than 100% due to hedged funds or leveraged cash positions by the fund. Equity 84.33 Cash 13.29 Other 1.80 Fixed Income 0.57" What's even more confusing is t...
by mopman78
Mon Jan 08, 2018 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: target date fund with cash instead of bonds
Replies: 8
Views: 856

target date fund with cash instead of bonds

My entire 401k is invested in a State Street 2045 Target Date fund. The expense ratio is low and I was happy with the equities allocation but when I took a closer look, it had less than 1% invested in bonds and 10% in cash. I was under the impression that it was supposed to be 90%/10% equities and f...
by mopman78
Tue Dec 19, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: HSA investment options
Replies: 7
Views: 559

Re: HSA investment options

In that case, it seems like I should keep the same asset allocation in my HSA that I keep in all my other accounts.

Thanks for the help.
by mopman78
Tue Dec 19, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: HSA investment options
Replies: 7
Views: 559

Re: HSA investment options

I have to double check but I remember reading that my out of pocket max for the family plan was around $10,000. I'm not sure if I would dip into an emergency fund for that when I have the HSA right there. The funds available are actually pretty good with a lot of low fee fidelity and vanguard index ...
by mopman78
Tue Dec 19, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: HSA investment options
Replies: 7
Views: 559

HSA investment options

For the first time, my wife and I will be taking advantage of my company's HSA offering. I've read on this forum as well as other sources that if you are contributing the maximum amount to retirement accounts, you should pay out of pocket for medical expenses and treat the HSA like an IRA. That seem...
by mopman78
Tue Dec 19, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: At 34, Target 2050 (VFIFX) or LifeStrategy Growth (VASGX)
Replies: 9
Views: 1072

Re: At 34, Target 2050 (VFIFX) or LifeStrategy Growth (VASGX)

I agree with the first two responses but I'll add that if you want simplicity now and in the future, I'd go with the target date fund. When you're ready to start including more bonds in your portfolio, it will automatically include them as opposed to having to seek out a different fund to add to or ...
by mopman78
Sun Dec 17, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Questions about mega-backdoor Roth, and is there any reason NOT to do a mega-backdoor Roth?
Replies: 24
Views: 3727

Re: Questions about mega-backdoor Roth, and is there any reason NOT to do a mega-backdoor Roth?

One small additional note - even if your company’s plan allows all of the above, they may limit the amount of post-tax contributions at a lower level than the federal limit. I started my mega backdoor roth this year and found out my company limits contributions to 10% of income
by mopman78
Wed Nov 08, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Questions
Replies: 14
Views: 1006

Re: Backdoor Roth Questions

Why do you want to move the money out of the traditional IRA? You've already taken the deduction. If you want to "make room" for backdoor Roth contributions going forward, put the $6k in your 401k with no tax penalty and keep the tIRA free to do the backdoor rollover. I can't imagine any fee makes u...
by mopman78
Tue Oct 31, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: First time home buyer - gut check
Replies: 26
Views: 2783

Re: First time home buyer - gut check

I’m late to the party but wanted to share our perspective. My wife and I had spent several years moving around due to careers and up the corporate ladder. We found ourselves in stable jobs with rapidly growing salaries but had only saved enough for 10% down. We were saving about th same as you on a ...
by mopman78
Mon Oct 16, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?
Replies: 23
Views: 1615

Re: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?

Seems that way. I was more asking for myself since I just went through my first MBD rIRA rolloever and the whole check process and just feel dumb for not realizing I could have kept in my company's plan. I guess I'm ok with it since any funds in the roth portion have to be in the same funds as the t...
by mopman78
Mon Oct 16, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?
Replies: 23
Views: 1615

Re: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?

Assuming the company plan allows for in-service transfers, it seems like one would have two options, rolling over after-tax non-Roth contributions to the company's Roth 401k or rolling over after-tax non-Roth contributions to an outside Roth IRA. Why should one prefer one choice over the other?
by mopman78
Mon Oct 16, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?
Replies: 23
Views: 1615

Re: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?

It may be obvious but just in case, I would add that the traditional 401k and roth 401k are subject to the same cap so if you've maxed out contributions to one, you wouldn't have access to the other
by mopman78
Sat Oct 14, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: First time investing - Invest now or wait?
Replies: 14
Views: 1331

Re: First time investing - Invest now or wait?

Imagine a 20%-40% correction that takes five to ten years to come back. Imagine if you wait, trying and time it perfectly so at the breakeven point the market is at the same level as it is today, you catch it on the up swing. You’re no worse off than you are if you invest today and get no return fro...
by mopman78
Sat Oct 14, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: tax questions about non-discrimination tests and Mega Back Door Roth IRA
Replies: 3
Views: 422

Re: tax questions about non-discrimination tests and Mega Back Door Roth IRA

Hmmm, I’ll be eagerly following this thread. I’ve recently started mega backdoor IRA contributions and had completely overlooked this concern.
by mopman78
Thu Oct 12, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Check up and contribution/portfolio advice
Replies: 9
Views: 1030

Re: Check up and contribution/portfolio advice

Why is the morgage exempt from your debt payoff recommendations when it has a higher interest rate the the student loans? Tax deduction? That bond recommendation is much more conservative than im comfortable with. Target date has us around 10% bonds. With 25 years of work ahead of us, that seems ple...
by mopman78
Wed Oct 11, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Check up and contribution/portfolio advice
Replies: 9
Views: 1030

Re: Check up and contribution/portfolio advice

I'm enjoying coming back to this thread and as always, the great advice in the forums. Since my original posting I've started rIRAs for myself and my wife and have done the max backdoor contribution. I've also used the mega backdoor IRA strategy with my post-tax contributions. Other than HSA's I thi...
by mopman78
Mon Jul 31, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor AND Mega Backdoor rollovers
Replies: 12
Views: 952

Re: Backdoor AND Mega Backdoor rollovers

Also, i thought i had to rollover pre and post tax contrubtions for mega backdoor You do, but it may not mean what you think. You probably have some "elective deferrals" which are pre-tax in your 401k. That's the $18k a year you can put in there. You are not allowed to roll those out unless you are...
by mopman78
Mon Jul 31, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor AND Mega Backdoor rollovers
Replies: 12
Views: 952

Re: Backdoor AND Mega Backdoor rollovers

I'm waiting until Jan 1st because I just started contributing after-tax dollars to the account and my in service rollovers are limited to 4 a year. Also, it helps for simplicity but I realize I'll take a tax hit on any gains.
by mopman78
Sat Jul 29, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor AND Mega Backdoor rollovers
Replies: 12
Views: 952

Re: Backdoor AND Mega Backdoor rollovers

Amazing help as always

New plan is do the mega backdoor rollover Jan 1 and the backdoor April 1 (bonus pays out). All tIRAs will be empty by Dec 31st.

Also, i thought i had to rollover pre and post tax contrubtions for mega backdoor
by mopman78
Sat Jul 29, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor AND Mega Backdoor rollovers
Replies: 12
Views: 952

Backdoor AND Mega Backdoor rollovers

I'm back after kicking off my mega backdoor rollover with the help of this forum. After a lot of reading, I've realized that I misunderstood traditional IRA contribution limits so I'm back with another question. Currently, I'm maxing out pre-tax and post-tax (non Roth) contributions to my 401k with ...
by mopman78
Fri Mar 24, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: How to invest if you are not sure about your income?
Replies: 12
Views: 1394

Re: How to invest if you are not sure about your income?

Do you track your variance at the tables, ideally over a long period of time? If so, you can quantify risk in ways that most of us can't. I would advise figuring out with 99% confidence what your biggest expected sustained downswing would be. Base your cash savings off of that. If you have a buffer ...
by mopman78
Mon Mar 20, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Yet another mega backdoor rollover question
Replies: 8
Views: 738

Re: Yet another mega backdoor rollover question

Awesome. Thanks for the clarification
by mopman78
Mon Mar 20, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Yet another mega backdoor rollover question
Replies: 8
Views: 738

Re: Yet another mega backdoor rollover question

Thanks Oreamnos. Hopefully my plan administrator will be equally helpful
by mopman78
Mon Mar 20, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Yet another mega backdoor rollover question
Replies: 8
Views: 738

Yet another mega backdoor rollover question

I actually have a few questions on the specifics of the mega backdoor roth conversion. I've read many many posts, here and elsewhere on the topic and still have some nagging concerns that may be due to confusion resulting from sensory overload. I am currently above the income limits for any IRA cont...
by mopman78
Thu Feb 02, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio check - 2 balanced funds
Replies: 0
Views: 333

Portfolio check - 2 balanced funds

Short short version of my situation. Married, 33% bracket now, probably not that different when I retire. My wife and I both have 401k's in 2045 Target date funds with very low costs. We're at different employers and her plan doesn't allow post-tax, non-Roth contributions. Mine does. This year, my w...
by mopman78
Tue Jan 31, 2017 11:16 pm
Forum: Investing - Theory, News & General
Topic: Sliding scale of annualized returns
Replies: 3
Views: 502

Re: Sliding scale of annualized returns

Thanks lack_ey. It's an eye chart but that reference has exactly the information I was hoping for. If I'm reading it right, I just find the appropriate matrix for each asset class and look at the appropriate diagonal.

This should keep me occupied for a while.
by mopman78
Tue Jan 31, 2017 10:27 pm
Forum: Investing - Theory, News & General
Topic: Sliding scale of annualized returns
Replies: 3
Views: 502

Sliding scale of annualized returns

This all stemmed from an asset allocation question and I'm hoping it makes sense. I've tried combing through the forum for resources but haven't found quite what I'm looking for. Is there a good source for annualized returns over fixed time periods (let's say 10 or 15 years) going well back to let's...
by mopman78
Wed Jan 18, 2017 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Check up and contribution/portfolio advice
Replies: 9
Views: 1030

Re: Check up and contribution/portfolio advice

The limit is $18k pre-tax or Roth plus whatever the employer matches. The government limit for a 401k including after tax non-Roth is $54k if I recall correctly but my employer caps it at 10% of income.
by mopman78
Wed Jan 18, 2017 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Check up and contribution/portfolio advice
Replies: 9
Views: 1030

Re: Check up and contribution/portfolio advice

Thanks for the insights. I'm sure my worry over the complexity stems from all of this being relatively new territory for us. I'm eager to get started and hope it will seem less daunting after I've jumped in.
by mopman78
Tue Jan 17, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Check up and contribution/portfolio advice
Replies: 9
Views: 1030

Check up and contribution/portfolio advice

Once again, the insight I've already gained from reading the forums is amazing. I'd love to get some advice specific to my portfolio. First, a little background information. My wife and I are very fortunate to be doing quite well financially but this is a relatively recent set of circumstances. We s...
by mopman78
Fri Jan 06, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: I am unsure whether I can do an in-plan rollover for a mega backdoor Roth IRA
Replies: 4
Views: 406

Re: I am unsure whether I can do an in-plan rollover for a mega backdoor Roth IRA

Again, thank you. This is extremely helpful. I am over the income limit for pre-tax IRA contributions so I do, in fact, have none. I'm not sure if I want to preserve the ability to do a backdoor rollover on the earnings. I haven't even thought that far but I have reason to now. I had read about thos...
by mopman78
Fri Jan 06, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: I am unsure whether I can do an in-plan rollover for a mega backdoor Roth IRA
Replies: 4
Views: 406

Re: I am unsure whether I can do an in-plan rollover for a mega backdoor Roth IRA

Thanks Spirit, Excuse my ignorance but I had assumed withdrawals were a completely different transaction than a rollover. Is what you're saying that to roll over into an external Roth IRA, I would make a withdrawal and then roll it over into that account? Below is the information on withdrawals from...
by mopman78
Fri Jan 06, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: I am unsure whether I can do an in-plan rollover for a mega backdoor Roth IRA
Replies: 4
Views: 406

I am unsure whether I can do an in-plan rollover for a mega backdoor Roth IRA

Hello all, To start, this forum has been an amazing source of information for me already as I read everything I can about my investing options, but this is my first post asking a specific question. I have been reading about the mega backdoor Roth IRA but I am unable to tell whether my plan would all...