Search found 17 matches

by mopman78
Mon Jul 31, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor AND Mega Backdoor rollovers
Replies: 12
Views: 649

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 unle...
by mopman78
Mon Jul 31, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor AND Mega Backdoor rollovers
Replies: 12
Views: 649

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: 649

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: 649

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: 953

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: 521

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: 521

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: 521

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: 283

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: 408

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: 408

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: 6
Views: 574

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: 6
Views: 574

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: 6
Views: 574

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: 301

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: 301

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: 301

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...