Search found 12 matches

by nik
Tue May 09, 2017 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing with my portfolio?
Replies: 8
Views: 1061

Re: How am I doing with my portfolio?

$600,000 portfolio and not yet 40, I'd say you're doing "better than average". Keep up the good work. allocation is not too aggressive international allocation is not necessary, but if you want it go for it keep bonds in retirement accounts, not taxable accounts I'd probably bite the tax bullet and...
by nik
Tue May 09, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing with my portfolio?
Replies: 8
Views: 1061

Re: How am I doing with my portfolio?

-Started accounts in Wealthfront and Betterment before I knew better to just invest in Vanguard. Betterment charges 0.25% and Wealthfront is managed free till $15,000. Should I just move everything in those accounts to Vanguard? Are you using the Tax Loss Harvesting features at Wealthfront and Bett...
by nik
Tue May 09, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing with my portfolio?
Replies: 8
Views: 1061

Re: How am I doing with my portfolio?

Thank you flamesabers for the detailed reply! 1. When finding the ideal asset allocation, I think you should ask yourself what is your tolerance for risk and when do you intend on withdrawing money from your portfolio. If you can handle the ups and downs of the stock market at 85% invested in equity...
by nik
Tue May 09, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing with my portfolio?
Replies: 8
Views: 1061

Re: How am I doing with my portfolio?

$600,000 portfolio and not yet 40, I'd say you're doing "better than average". Keep up the good work. allocation is not too aggressive international allocation is not necessary, but if you want it go for it keep bonds in retirement accounts, not taxable accounts I'd probably bite the tax bullet and...
by nik
Tue May 09, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing with my portfolio?
Replies: 8
Views: 1061

How am I doing with my portfolio?

Hello Bogleheads! I have only lately been reading about investing and have been tracking our finances and trying to make sensible long term investments. Please give your inputs on my portfolio and any suggestions for any improvements. I have avoided in depth fund info for every small account, if mor...
by nik
Fri Mar 24, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA conversion - is my technique allowed?
Replies: 12
Views: 1392

Re: Backdoor Roth IRA conversion - is my technique allowed?

What would be the value of having a Tradition IRA for higher income ? I was trying to follow Morningstar's recommendation- to keep Traditional IRA for a few months, pay tax on any gains so that it doesn't appear your intent was to immediately convert it into Roth IRA. The value of contributing to a...
by nik
Mon Mar 20, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA conversion - is my technique allowed?
Replies: 12
Views: 1392

Re: Backdoor Roth IRA conversion - is my technique allowed?

...I was trying to follow Morningstar's recommendation- to keep Traditional IRA for a few months, pay tax on any gains so that it doesn't appear your intent was to immediately convert it into Roth IRA. We've discussed this in other threads. It's perfectly legal​ to contribute $5500 to your empty tI...
by nik
Mon Mar 20, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA conversion - is my technique allowed?
Replies: 12
Views: 1392

Re: Backdoor Roth IRA conversion - is my technique allowed?

We've discussed this in other threads. It's perfectly legal​ to contribute $5500 to your empty tIRA on Tuesday and then convert it to Roth on Wednesday. No subterfuge is needed. Now if you don't have the entire $5500 easily available at the start, then taking a few weeks or months to max your tIRA ...
by nik
Mon Mar 20, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA conversion - is my technique allowed?
Replies: 12
Views: 1392

Re: Backdoor Roth IRA conversion - is my technique allowed?

With your higher income, it is probably better if you make all future contributions into a traditional IRA and report the contributions as non-deductible. (If you haven't done this for the two 2016 contributions, you need to fix it before doing further contributions that will make things messier.) ...
by nik
Mon Mar 20, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA conversion - is my technique allowed?
Replies: 12
Views: 1392

Re: Backdoor Roth IRA conversion - is my technique allowed?

If your MAGI for regular Roth IRA contribution purposes is too high for the 4,000 Roth contribution, you can still recharacterize that contribution as a non deductible TIRA contribution and convert back to Roth. While you can do this, it would have been easier to have just contributed the entire 55...
by nik
Mon Mar 20, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA conversion - is my technique allowed?
Replies: 12
Views: 1392

Re: Backdoor Roth IRA conversion - is my technique allowed?

Our total household income last year was over $200K...This February 2017 I put in $4000 more into the Roth IRA for the maximum permitted amount of $5500 for the tax year 2016. The $1500 backdoor appears fine, but unless you contributed enough pre-tax to get your MAGI below ~$186,000 you don't meet ...
by nik
Thu Mar 16, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA conversion - is my technique allowed?
Replies: 12
Views: 1392

Backdoor Roth IRA conversion - is my technique allowed?

Hello Bogleheads, I am relatively new to the world of investing. Our total household income last year was over $200K, so I read about backdoor Roth IRA and followed Morningstar's recommended technique for Traditional to Roth IRA conversion. Last October I opened a Traditional IRA account at Vanguard...