Search found 112 matches

by panhead
Thu Mar 23, 2017 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Very Sad - Loss of Backdoor Roth IRA all these years
Replies: 19
Views: 4489

Re: Very Sad - Loss of Backdoor Roth IRA all these years

OP: If you have decent choices and expenses in your 401k, and you are allowed "roll-ins" to your 401k, you can hide your rollover IRA by rolling it into your 401k. Then you also will be able to do backdoor Roths without hitting the pro-rata rule, which is why your advisor says you cannot d...
by panhead
Mon Mar 20, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: Rule of Thumb for Getting Rid of Car
Replies: 51
Views: 5330

Re: Rule of Thumb for Getting Rid of Car

As someone also living in the rustbelt, I'll say this: I've seen trucks of that year (2005) have frames that have rusted so badly that they split. I've seen driveshafts rust in half. Never mind the brake, transmission, and fuel lines that always seem to rust off first and that can be dangerous. That...
by panhead
Mon Mar 20, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: taxes with megabackdoor roth
Replies: 29
Views: 2530

Re: taxes with megabackdoor roth

+1 to what retiredjg said, you need to keep track of how the money got into the Roth.

Congratulations and welcome to the Mega Backdoor Roth IRA, truly one of the cooler things I've learned on this forum, and I'll say thanks again to AlanS who walked many of us first timers through it in detail.
by panhead
Thu Oct 06, 2016 1:46 pm
Forum: Personal Consumer Issues
Topic: Johnnie Walker Blue worth the cost?
Replies: 70
Views: 5852

Re: Johnnie Walker Blue worth the cost?

Nobody ever lost a friend over Macallan 18 That's what occurred to me when I read the title "Johnnie Walker Blue worth the cost?" Answer: no it's not, in a world where you can get a bottle of Macallan 18 for roughly the same price. (Although in my opinion, Macallan 12 is 99% as good for a...
by panhead
Wed Aug 31, 2016 3:17 pm
Forum: Personal Consumer Issues
Topic: Toyota Tacoma - 4 cylinder vs. 6
Replies: 24
Views: 2602

Re: Toyota Tacoma - 4 cylinder vs. 6

I' had a late 90s Tacoma 4 cylinder 4wd with the access cab (not the 4 door) 5 speed. If it was not a manual transmission I think I would have hated it. With the stick the truck performed very well. I've towed a couple 16' powerboats with it and it did so pretty well. It is not a rocket ship, but I ...
by panhead
Wed Aug 31, 2016 2:21 pm
Forum: Investing - Theory, News & General
Topic: "Your Age In Bonds"vs. Target Retirement 2015 Fund AA
Replies: 14
Views: 1231

Re: "Your Age In Bonds"vs. Target Retirement 2015 Fund AA

I am 46 and can't imagine having 46% of my AA in bonds. If you are going to retire at 65, that is 18 years away. Way too conservative for me. In fact, I doubt I will ever have more than 40% in bonds. I am also 46 and am close to age in bonds, including all FI (CDs etc) I have more than age in bonds...
by panhead
Fri Aug 19, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 45224

Re: Self-made Millionaires: how did hitting 7 figures change you?

I wasn't referring to a change in the recommended withdrawal rate. What I see is many people think "I need $1.25M in order to retire because I have expenses of 4k/month". Then they get close to that number and think "Well I actually need $1.5M plus my personal residence paid off beca...
by panhead
Thu Aug 18, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 45224

Re: Self-made Millionaires: how did hitting 7 figures change you?

For me, yes I was excited when I hit $1m, yes I was excited when I hit $2m, yes I was excited when I hit $10m. However, by and large nothing has changed except I stress differently ..... As you can see from the above post, being a part of this community also tends to motivate one to get "more&...
by panhead
Wed Aug 17, 2016 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Anyone else getting nervous and converting to cash as a short-term move?
Replies: 116
Views: 12255

Re: Anyone else getting nervous and converting to cash as a short-term move?

Nervous? yeah a bit watching the market claw up the wall of worry. I did however make a move, but not because I was nervous. The market pushed my portfolio to a point where my IPS says I can cash out enough to pay off my mortgage. Now, I have a nice 3% CD with NWFCU from last year that is about equa...
by panhead
Mon Aug 15, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 45224

Re: Self-made Millionaires: how did hitting 7 figures change you?

For me, yes I was excited when I hit $1m, yes I was excited when I hit $2m, yes I was excited when I hit $10m. However, by and large nothing has changed except I stress differently ..... As you can see from the above post, being a part of this community also tends to motivate one to get "more&...
by panhead
Mon Aug 15, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 45224

Re: Self-made Millionaires: how did hitting 7 figures change you?

I've been working to be FI since before I graduated college. I always craved the choices that would allow me. That being said, getting there has been like grabbing a fish! When I first calculated what I needed (late 90s) I figured 500k would be enough at 5% As the years rolled on, I decided that I ...
by panhead
Mon Aug 15, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 45224

Re: Self-made Millionaires: how did hitting 7 figures change you?

Well, perhaps you have grabbed the fish, but keep deciding to throw it back in the water! At some point, you need to look at the fish, admire it, and say, "this will do...this will do". Lol, yeah, I hear you. At some point, I have to stop moving the goalpost. I think this is very common h...
by panhead
Mon Aug 15, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 45224

Re: Self-made Millionaires: how did hitting 7 figures change you?

I've been working to be FI since before I graduated college. I always craved the choices that would allow me. That being said, getting there has been like grabbing a fish! When I first calculated what I needed (late 90s) I figured 500k would be enough at 5% As the years rolled on, I decided that I n...
by panhead
Fri Aug 12, 2016 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Are we there yet?
Replies: 34
Views: 5304

Re: Are we there yet?

Welcome aboard! Welcome aboard to our shipmate Casey! Your first post. You are doing great! You are only 45, and [if feasible] just hang in there for at least another five years and continue investing as much as you can to your tax-advantaged and taxable account [you are investing at a good pace]. ...
by panhead
Sun Aug 07, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1213

Re: Actual SWR when considering mortgage principal payments

Does one subtract the monthly principal payment from your WR? I ask, because this money isn't really being "spent", it's more like taking it from your left pocket and putting it in the right, although the right pocket is much harder to take the money back out of Here is an example of of h...
by panhead
Sun Aug 07, 2016 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1213

Re: Actual SWR when considering mortgage principal payments

Yeah, I agree with most of these comments. It's clearly the cash flow issue that's important as that is what the portfolio has to support. I guess my point was that the principal portion of the mortgage payment isn't effectively "spent" it's more re-allocated. Mathematically, if you hold ...
by panhead
Sat Aug 06, 2016 11:15 am
Forum: Personal Finance (Not Investing)
Topic: taxes with megabackdoor roth
Replies: 29
Views: 2530

Re: taxes with megabackdoor roth

Thanks to all of you for replying to my post. I did verify that I cannot roll-over (or whatever the term is) an IRA in to my 401K. I have also checked with the 401k administrator that I can only withdraw up to the contribution amount to roll it over to an IRA (110k in my case). I suspect that they ...
by panhead
Fri Aug 05, 2016 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: taxes with megabackdoor roth
Replies: 29
Views: 2530

Re: taxes with megabackdoor roth

I question #4 there. Why can you only move 110k combination of after-tax and earnings? Are you sure that you aren't allowed to roll over the entire 110k of after-tax, in which case all of the earnings would come along as well? I wondered about that as well. Different plans are allowed to have diffe...
by panhead
Fri Aug 05, 2016 10:09 am
Forum: Personal Finance (Not Investing)
Topic: "4% Rule" ...is broken? [argumentative]
Replies: 150
Views: 10293

Re: Conflict of Interest

For those retiring earlier, I would recommend accumulating more. A rule of the thumb would be to multiply the ratio of VPW rates between retirement and 65 by 4%. Example: To retire at 55 , I would multiply VPW's ratio of 55-years old and 65-years old percentages by 4% (see lines 55 and 65 of the 50...
by panhead
Fri Aug 05, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: taxes with megabackdoor roth
Replies: 29
Views: 2530

Re: taxes with megabackdoor roth

How much does your employer allow you to put in the after-tax 401k sub-account every year? If it's up to the maximum 401k amount, it's probably somewhere between 25-34k, depending on how much your employer contributes to your 401k. If this is the case, I would forget about the backdoor ($5500) Roth ...
by panhead
Sat Jul 30, 2016 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1213

Re: Actual SWR when considering mortgage principal payments

This is a good case for treating the mortgage as a negative bond, and computing the non-mortgage withdrawal based on the remainder. For example, suppose you will be paying $20K per year for the next ten years in mortgage interest. If you bought a bond portfolio with bonds maturing in each of the ne...
by panhead
Fri Jul 29, 2016 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1213

Re: Actual SWR when considering mortgage principal payments

Yeah, I agree with most of these comments. It's clearly the cash flow issue that's important as that is what the portfolio has to support. I guess my point was that the principal portion of the mortgage payment isn't effectively "spent" it's more re-allocated. Mathematically, if you hold e...
by panhead
Fri Jul 29, 2016 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Actual SWR when considering mortgage principal payments
Replies: 16
Views: 1213

Actual SWR when considering mortgage principal payments

Hi Bogleheads, This is probably semantics, but I have a question about actual SWR when withdrawing from a portfolio while you still have a mortgage. Does one subtract the monthly principal payment from your WR? I ask, because this money isn't really being "spent", it's more like taking it ...
by panhead
Wed Jul 20, 2016 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 6429

Re: Feeling discouraged

Thank you so much for the continued replies. They have really helped to add context and put things in perspective. There will be other times in the future when I feel anxious or discouraged but I know that this is a marathon not a sprint, I've got a good plan in place, I'm very fortunate to be able...
by panhead
Tue Jul 19, 2016 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 6429

Re: Feeling discouraged

I didn't read all the replies but I'll try to add my $.02 here, and that is probably what it is worth, lol. I started (seriously) investing around 1997. Before that I had token amounts of money, but 1997 is when I started throwing real $$ at the market. Then came 2000 and the tech meltdown. OK, no p...
by panhead
Tue Jul 19, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Career Change?Age 32---Personal Trainer to Real Estate
Replies: 16
Views: 2004

Re: Career Change?Age 32---Personal Trainer to Real Estate

I had an acquaintance whose wife was a RE agent and he was the mortgage broker. I agree there are advantages to this relationship. That being said, have you had to "chase and sell" clients as a personal trainer? If so, and you were good at it and personable, this experience would help you ...
by panhead
Mon Jul 18, 2016 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Early retiree: 3% SWR or 4% SWR for planning purposes?
Replies: 61
Views: 5703

Re: Thoughts about home equity.

OP: I hope this isn't a derailment. Our situations are very, very similar and except for the wife, you will be where I am in 4 years if you continue to work and save. (Who knows, maybe I'll pick up a wife along the way ;-)) No worries at all, the more the merrier and it's done nothing but add to th...
by panhead
Mon Jul 18, 2016 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Early retiree: 3% SWR or 4% SWR for planning purposes?
Replies: 61
Views: 5703

Re: Thoughts about home equity.

Another consideration for you might be a SPIA (Single Premium Immediate Annuity)taken out around age 80 and paid for with cash from a mortgage (I own two SPIAs). You will then have no more worries about bear markets or running out of money before running out of life. Taylor I didn't read this clear...
by panhead
Mon Jul 18, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Early retiree: 3% SWR or 4% SWR for planning purposes?
Replies: 61
Views: 5703

Re: Thoughts about home equity.

My situation appears a bit different however as I have no heirs. I view a paid off home as my LTC insurance policy for myself. Pan: Converting your home equity to cash (at an older age) for your Long Term Care, will be more practical than having non-liquid equity in your home . It seems to me that ...
by panhead
Mon Jul 18, 2016 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Early retiree: 3% SWR or 4% SWR for planning purposes?
Replies: 61
Views: 5703

Re: Early retiree: 3% SWR or 4% SWR for planning purposes?

In retirement, I want to have at a minimum of that same amount of spending, but with the house paid off. Panhead: Think about this: I am in late retirement and don't want to leave my home equity for my heirs to sell and maybe fight over while they wait. Accordingly, I took out a large low-interest ...
by panhead
Sun Jul 17, 2016 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Early retiree: 3% SWR or 4% SWR for planning purposes?
Replies: 61
Views: 5703

Re: Early retiree: 3% SWR or 4% SWR for planning purposes?

You will have a LOT more free time so your costs could go up a lot in the initial years of retirement as you find things to fill the free time. It would likely be a lot better to find something to retire too instead just getting away from a high stress job so I would focus on that more than your fi...
by panhead
Sun Jul 17, 2016 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Early retiree: 3% SWR or 4% SWR for planning purposes?
Replies: 61
Views: 5703

Re: Early retiree: 3% SWR or 4% SWR for planning purposes?

Our retirement budget in today's dollars is planned for 4500/mo or 54k/yr. This includes all of the money we'd anticipate needing in retirement for the lifestyle we'd like to live. Based on a 4% SWR, I would need 1.35M Based on a 3% SWR, I would need 1.62M my job stress is likely pulling years from...
by panhead
Tue Jul 05, 2016 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Hoping for an early retirement
Replies: 29
Views: 4269

Re: Hoping for an early retirement

It looks like your taxable portfolio is about 11.5x your expenses so I understand your concern about it lasting the 8 years until you get easy access to your retirement accounts, but converting your taxable account to bonds will likely trigger capital gains and the associated taxes. I think you have...
by panhead
Mon Jul 04, 2016 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Megaback door Roth question
Replies: 3
Views: 726

Re: Megaback door Roth question

Am I missing anything? ... How do I reduce my tax liability from the conversion? Yes, you are missing one very important thing. Roll out all that you are allowed. Roll the after-tax portion into Roth IRA and roll the pre-tax portion (the earnings) into tIRA. There will be no tax. I think it is actu...
by panhead
Fri May 13, 2016 3:29 pm
Forum: Personal Consumer Issues
Topic: Free afternoon and evening in San Jose, CA
Replies: 36
Views: 2182

Re: Free afternoon and evening in San Jose, CA

turnturnturn wrote:..... drive to Santa Cruz (stopping at the Boulder Creek Brewery for a craft beer along the way)....


You will not be able to do this. Boulder Creek Brewery burned down many months ago. Your other thoughts are great though, love big basin!
by panhead
Fri May 13, 2016 3:11 pm
Forum: Personal Consumer Issues
Topic: Free afternoon and evening in San Jose, CA
Replies: 36
Views: 2182

Re: Free afternoon and evening in San Jose, CA

For the hills without trees thing... Go to Ed Levin Park in Milpitas, you could Uber there. Nice hike up monument peak. If you have a lot of time, you can continue on to mission peak. A large part of this is through a cattle grazing area, so don't be afraid of cows. The park closes at sunset. You wi...
by panhead
Fri May 13, 2016 2:56 pm
Forum: Personal Consumer Issues
Topic: Free afternoon and evening in San Jose, CA
Replies: 36
Views: 2182

Re: Free afternoon and evening in San Jose, CA

If you are just going to stay in the general area Santana row is an interesting place to go to get a bite to eat, a cocktail and to people watch a bit. I'm not sure of your time schedule, but if you like to hike there is mission and monument peak. Big basin is up in the santa cruz mountains and you ...
by panhead
Fri Apr 29, 2016 10:42 am
Forum: Personal Consumer Issues
Topic: Toyota Tacoma owners?
Replies: 56
Views: 8063

Re: Toyota Tacoma owners?

If you live in the rust belt pay close attention to the discussion below. Garaged or not, IMHO, will not make much, if any, of a difference. I had a 1998 that was not garaged and the frame dissolved. The outside (body) looked great, but at 110k, the frame was complete toast. I also had a buyback, an...
by panhead
Mon Apr 11, 2016 10:48 pm
Forum: Personal Consumer Issues
Topic: My new car is due today, does anybody else collect?
Replies: 26
Views: 4542

Re: My new car is due today, does anybody else collect?

I bought a couple cars recently and the good one should be here in a few hours. 1969 hemi convertible roadrunner in mint condition. It's a perfect day to drop the top for the ride home. I do this a few times a year. It's a hobby that's made life easier at home. We enjoy caring for these "babie...
by panhead
Thu Feb 18, 2016 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k cost and complexity
Replies: 9
Views: 549

Re: Solo 401k cost and complexity

I set up a solo 401k at Fido years ago when I was contracting. I got the idea from this board and I didn't confer with anyone before opening it. I don't know whether its normal or not for an accountant to not fill out the form 5500 but this should not even be a consideration, it takes about 10 minut...
by panhead
Wed Feb 17, 2016 4:08 pm
Forum: Investing - Theory, News & General
Topic: Don't understand SEC yield
Replies: 13
Views: 1665

Re: Don't understand SEC yield

I will give you my (most certainly imperfect) way of looking at this. SEC yield: Takes into account fund expenses Calculated in a standard way across all products What should be used when comparing two products "forward looking" ie, the yield that the fund will trend toward to Distribution...
by panhead
Wed Feb 10, 2016 10:17 am
Forum: Investing - Theory, News & General
Topic: The Bogleheads' Silent Majority
Replies: 255
Views: 39736

Re: The Bogleheads' Silent Majority

Well, this is my 70th post and I've been on the board almost 3 years, so I guess that makes me fairly silent. Funny, because IRL, I'm anything but! I found this board from early-retirement.org many years ago but it took me quite a while to digest the information. After voraciously reading this board...
by panhead
Mon Jan 18, 2016 10:34 am
Forum: Personal Consumer Issues
Topic: How long can I let my car "sit" on vacation?
Replies: 47
Views: 9372

Re: How long can I let my car "sit" on vacation?

Some decent advice here. My job requires the same kind of traveling, ie, 4-6 weeks at a time. For the most part, I don't do anything and my car is in the northeast so it gets plenty cold. If I were more worried about it, here is what I would do: 1) Get a very low amperage smart charger which basical...
by panhead
Sat Jan 16, 2016 2:42 pm
Forum: Investing - Theory, News & General
Topic: Does net worth and age determine % bond allocation?
Replies: 53
Views: 6437

Re: Does net worth and age determine % bond allocation?

walletless wrote:For example, if you think you will need to withdraw 100k each year in retirement - using a 4% SWR, you need a portfolio of roughly 4 million in retirement.


I think you need to recalculate, you're scaring the forum lol!
by panhead
Sat Jan 16, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: Does net worth and age determine % bond allocation?
Replies: 53
Views: 6437

Re: Does net worth and age determine % bond allocation?

I think about this quite a bit as well. I'm 45 and about 50/50 stocks/bonds as my need to take risk is much lower than someone with half my nest egg. At the same time, this creates a conundrum: once you have enough where you don't have the NEED to take risk, it gives you greater ABILITY to take risk...
by panhead
Sat Jan 16, 2016 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much House can I afford with an income of $98,000? My husband gave me a bizarre number
Replies: 110
Views: 15704

Re: How much House can I afford with an income of $98,000? My husband gave me a bizarre number

I think the others have done a good job painting the financial picture for you, so I'll let you chomp on that for a bit while throwing out another suggestion: Why not put an addition on your current house? If you like the area where you live (??) this may be a much better solution. Keep paying your ...
by panhead
Tue Jan 12, 2016 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Question
Replies: 14
Views: 1865

Re: Mega Backdoor Roth Question

You executed the 2015 direct rollovers perfectly. But if the plan follows Notice 2014-54 correctly, they cannot do what you propose for this year. The Notice states that when the pre tax balance is less than the direct rollover amount, it must be part of one of the direct rollovers. Since you would...
by panhead
Tue Jan 12, 2016 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Question
Replies: 14
Views: 1865

Re: Mega Backdoor Roth Question

Thanks for the response pyld76. My 401k is with Fido and my ROTH is with Vanguard. Last year Fido cut 2 checks for me: 1 was just the after tax 401k contributions to vanguard FBO panhead, and the other was just earnings on after tax 401k contributions to my FIDO TIRA FBO panhead. After the TIRA $$ h...
by panhead
Mon Jan 11, 2016 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Question
Replies: 14
Views: 1865

Re: Mega Backdoor Roth Question

The reason I asked about just taking the earnings payable as a check to myself (assuming they are very small) is because if they are rolled into the ROTH (and you pay taxes on them of course) I believe it makes withdrawals from the ROTH more complicated if you do this before you turn 59.5. I forget ...

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