Search found 37 matches

by rhodnius
Sat May 20, 2017 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think about this asset allocation?
Replies: 12
Views: 1179

Re: What do you think about this asset allocation?

Our number is around $5M and our portfolio is now $1,138,137. Based on Personal Capital's retirement planner, if we maintain this asset allocation it would grow to $7,737,298 in an average market and $5,016,612 in a poor market and can actually achieve this by age 52. I don't know what Personal Cap...
by rhodnius
Sat May 20, 2017 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think about this asset allocation?
Replies: 12
Views: 1179

Re: What do you think about this asset allocation?

Because you are talking about early retirement, I would be more conservative. What do you consider to be your "number" that you are seeking to hit by 55? Start from there and work backwards. What is the most conservative path you can take that can get you to that number? It looks like you...
by rhodnius
Sat May 20, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think about this asset allocation?
Replies: 12
Views: 1179

Re: What do you think about this asset allocation?

So generally speaking, I would note there is a good argument for being at minimum high-volatility investments not at the end of your life, but rather around the time you retire. This is the "U-Shaped" theory, and it is based on the observation that volatility is most dangerous to the long...
by rhodnius
Fri May 19, 2017 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think about this asset allocation?
Replies: 12
Views: 1179

What do you think about this asset allocation?

Hello Bogleheads! What do you think of this asset allocation for us given our financial details below. Is this too aggressive given our retirement age? Not sure if some info are relevant but including them just in case others might ask for analysis. Thanks! http://cdn.financialsamurai.com/wp-content...
by rhodnius
Mon Apr 24, 2017 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Automatic Increase Benefit Rider
Replies: 3
Views: 536

Re: Automatic Increase Benefit Rider

As long as your income is increasing, I'd take the increases in coverage and premium. Look forward to the day that you give up disability coverage because your portfolio is strong enough to cover you instead! Hi LeeMKE! Thanks for the reply. I appreciate it.I will opt-in the automatic increase bene...
by rhodnius
Thu Apr 20, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Automatic Increase Benefit Rider
Replies: 3
Views: 536

Automatic Increase Benefit Rider

Hello fellow Bogleheads! I have an individual disability insurance with MetLife and through my work (group long term disability which pays 60% of monthly earnings.Not to exceed $15,000/month). I received a mail from MetLife about my Automatic Increase Benefit Rider which will increase my monthly ben...
by rhodnius
Tue Mar 28, 2017 3:12 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2443

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

OP - did you check line 32 on your 1040 for 2014 (or 2013 if contributions was for 2013) to verify that you did not receive a deduction on the contribution? 33% tax bracket is indicative of no deduction when you are a participant in an employer plan, but perhaps you were are not a participant. If y...
by rhodnius
Tue Mar 28, 2017 2:44 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2443

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

There was no 8606. What it says on my 1040 line 15b Taxable amount is 5,500. A roth conversion should have been reported using Form 8606, but I think we have seen this before - your tax preparer skipped the form and just made sure the income was entered on 15b. Is it normal to have a 5498 stating I...
by rhodnius
Sun Mar 26, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2443

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

I think it was my mistake since he was not really a CPA after googling his name. I did mention to him about contributing to a non-deductible IRA and converting it but during that time, he was not understanding it and had not heard about Backdoor Roths either. This is quite common. Now I want to und...
by rhodnius
Sun Mar 26, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2443

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

Depending on what you told the CPA, this might actually be your mistake. We've seen multiple cases in the past where the tax-preparer did not ask and the client did not say "I made a non-deductible contribution to tIRA for this tax year." If you did not supply that information, the CPA wo...
by rhodnius
Sun Mar 26, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2443

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

You lost 33% of the $5500, which is $1815. And since this was the CPA's mistake, you shouldn't be charged an extra fee for fixing it if you need the CPA to file the amended return. (You can also do it yourself.) Thank you for your reply Grabiner! Is there a resource on how to do it step by step? Wh...
by rhodnius
Sun Mar 26, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2443

CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

Hello Bogleheads,

In 2014 I did a backdoor Roth conversion ($5500). My accountant failed to file an 8606 and as a result I was taxed twice. My tax bracket is at 33%. How much money did I lose? Is it worth it to submit an 8606 and file an amended 1040 to get back the money I lost?

Thanks
by rhodnius
Wed Feb 15, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance
Replies: 16
Views: 1912

Re: Permanent Life Insurance

Hello, Let me begin by saying: Happy Valentine's Day! Lots of very helpful information and I truly appreciate them. I did change their names for identity protection purposes. Both live in Michigan. I don't know the coverage amount and the limits to the protection. I'm also not sure how the insurance...
by rhodnius
Mon Feb 13, 2017 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance
Replies: 16
Views: 1912

Permanent Life Insurance

Hello fellow Bogleheads, My friend and his wife have been sold 2 permanent life insurances by an insurance agent. They pay around $700+ and $900+ each per month. He wants a Boglehead analysis of the email that was sent to him to convince him to drop them and just get a term life insurance instead. T...
by rhodnius
Thu Jan 19, 2017 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Value averaging
Replies: 7
Views: 845

Re: Value averaging

I keep flirting with value averaging. I can see how the math works out. However, the biggest advantage of DCA is behavioral. I can automate it and tune out of the market when things go south. With VA, I'm constantly making a decision how much to invest. The more I have to make a decision, the more ...
by rhodnius
Thu Jan 19, 2017 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Value averaging
Replies: 7
Views: 845

Re: Value averaging

Bernstein wrote the intro to the edition I have https://www.bogleheads.org/forum/viewtopic.php?t=52825 Multiple other threads and articles on it Thanks for the reply and link! I've been reading some of them. I guess it's not very popular among the bogleheads since it's more complicated than just do...
by rhodnius
Wed Jan 18, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Value averaging
Replies: 7
Views: 845

Value averaging

Hello fellow Bogleheads, Does anyone here practice value averaging? My spouse read a book on value averaging by Michael Edleson and we are thinking on applying it to our investment strategy. Any of the Bogleheads using this approach? What are your thoughts? Is it better than dollar cost averaging? I...
by rhodnius
Tue Jan 17, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5409

Re: My co-worker boasting about his investments. What do you think about his selections?

Hello, I have a colleague who is boasting about his investment picks. He even shared to me what investments he has. Can anyone comment on his selections? I will copy and paste what he sent to me below: -------------------------------------------------------------your shirt Never talk about specific...
by rhodnius
Tue Jan 17, 2017 7:00 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5409

Re: My co-worker boasting about his investments. What do you think about his selections?

smartinwate wrote:
rhodnius wrote:Quite accurate. Whenever he talks about his "picks", he's proud on how big the dividends are.


Next time he does, ask him whether they're qualified, whether he's paying tax on them, and whether they are affecting his tax bracket.


Will do =)
by rhodnius
Tue Jan 17, 2017 3:50 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5409

Re: My co-worker boasting about his investments. What do you think about his selections?

A little bit of knowledge is a dangerous thing. Even if your goal was to make wildly speculative bets on individual sectors, there are better ways to go about it than monkeying around with ultra-short ETF's (e.g., multi-leg options). This guy sounds like he spends his time chasing "hunches&quo...
by rhodnius
Tue Jan 17, 2017 3:47 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5409

Re: My co-worker boasting about his investments. What do you think about his selections?

IIRC, Andrew Tobias, in his book The Only Investment Guide You'll Ever Need , has an appendix where he offers some witty cocktail-party lines that you can use when talking about your investments with folks such as the OP's friend. (Unfortunately I can't find my copy of the book). Good investing is ...
by rhodnius
Tue Jan 17, 2017 3:46 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5409

Re: My co-worker boasting about his investments. What do you think about his selections?

Very exciting portfolio. You can make a month's worth of blog posts and CNBC series based off of this single post. Exciting is usually bad for investing. Someone once said to me, "the long term return of a portfolio is inversely proportional to the entertainment value it provides along the way...
by rhodnius
Tue Jan 17, 2017 2:15 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5409

Re: My co-worker boasting about his investments. What do you think about his selections?

How are these "picks"? They are all over the map - representing every sector, some commodities, and broad and narrow market indices. He even threw in some ultra-short ETFs. They are a palette on which to paint a canvas of speculation. He's right though, we won't get vastly superior return...
by rhodnius
Tue Jan 17, 2017 1:35 am
Forum: Investing - Help with Personal Investments
Topic: Traditional or Roth 401(k)?
Replies: 10
Views: 496

Re: Traditional or Roth 401(k)?

Based on the income numbers you provided, you're in the 33% tax bracket. You did not indicate your state. When I was in 33% Fed tax bracket, I contributed to Traditional 401k. If you're looking to save 183K/yr, I think it would be a good plan to max out Traditional 401k, Trad 403b, Trad 457b, Roth ...
by rhodnius
Tue Jan 17, 2017 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Traditional or Roth 401(k)?
Replies: 10
Views: 496

Re: Traditional or Roth 401(k)?

With your tax bracket and age the traditional is a pretty easy choice. Some considerations that people sometimes miss; 1) You have about 30 years until the traditional retirement age and you could have life or career setbacks that would cause you to retire in a lower tax bracket. It is also possibl...
by rhodnius
Tue Jan 17, 2017 1:27 am
Forum: Investing - Help with Personal Investments
Topic: Traditional or Roth 401(k)?
Replies: 10
Views: 496

Re: Traditional or Roth 401(k)?

Currently my spouse contributes $18,000/year to Roth 401k for about 2 years now since we got married and have left it that way for tax diversification. But I guess you are implying this is a bad idea? When you are saving that much, I wouldn't call any of it a "bad" idea - but it is more l...
by rhodnius
Tue Jan 17, 2017 1:11 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5409

Re: My co-worker boasting about his investments. What do you think about his selections?

I don't have ETFs in my portfolio, but I think it's a hoot that this guy labels Total Stock and Total Bond as good choices for dummies. I have those two index funds. I may be a dummy but I suspect at the end of the day I'll do better than this yahoo... Exactly. I told him that all I have are Total ...
by rhodnius
Tue Jan 17, 2017 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Traditional or Roth 401(k)?
Replies: 10
Views: 496

Re: Traditional or Roth 401(k)?

brad.clarkston wrote:I would say always a Traditional 401k and then go setup a IRA and Roth for both of you with your favorite broker.

When the two of you can max your $18k contributions with money to spare throw the $5,550 into one of the IRA as well.


Thank you for your input! =)
by rhodnius
Tue Jan 17, 2017 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Traditional or Roth 401(k)?
Replies: 10
Views: 496

Re: Traditional or Roth 401(k)?

Based on the income numbers you provided, you're in the 33% tax bracket. You did not indicate your state. When I was in 33% Fed tax bracket, I contributed to Traditional 401k. If you're looking to save 183K/yr, I think it would be a good plan to max out Traditional 401k, Trad 403b, Trad 457b, Roth ...
by rhodnius
Tue Jan 17, 2017 12:44 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5409

My co-worker boasting about his investments. What do you think about his selections?

Hello, I have a colleague who is boasting about his investment picks. He even shared to me what investments he has. Can anyone comment on his selections? I will copy and paste what he sent to me below: ------------------------------------------------------------- My ETF LIST for 2017 Following is th...
by rhodnius
Tue Jan 17, 2017 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Traditional or Roth 401(k)?
Replies: 10
Views: 496

Traditional or Roth 401(k)?

Hello my fellow Bogleheads! I need help in deciding between contributing to a Roth 401k vs a Traditional 401k for my spouse. Spouse's company offers both. My company only offers Traditional 403b and 457b. Here are the info: Tax filing status: married joint Spouse age end of year: 35 My age end of ye...
by rhodnius
Thu Aug 13, 2015 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my Rollover IRA to avoid pro-rata rule
Replies: 6
Views: 948

Re: What to do with my Rollover IRA to avoid pro-rata rule

Thank you for all your input! I called my employer and they will actually allow me to "roll-in" the Rollover IRA to my 403b. My 403b is with Voya and here are the funds available: https://drive.google.com/open?id=1trqGFmKnSYvNMOTlXY_tmrk4som83txBXDgkzNMoJfkFMhqqkvsPOKK44qoS6GUys7izUAjd3TKF...
by rhodnius
Wed Aug 12, 2015 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my Rollover IRA to avoid pro-rata rule
Replies: 6
Views: 948

What to do with my Rollover IRA to avoid pro-rata rule

Hi guys! I hope the Boglehead experts can help me with this. So I have a prior 403b with my previous employer. It was through Principal. I then did a Rollover IRA to Fidelity which I then transferred to Pershing and now it's invested in Vanguard Index funds. The total amount is approx $40,000. I hav...
by rhodnius
Wed Aug 12, 2015 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help with building a three fund portfolio using my 403b/457b, my spouses Roth 401k, and HSA accounts
Replies: 3
Views: 722

Re: Help with building a three fund portfolio using my 403b/457b, my spouses Roth 401k, and HSA accounts

Voya Bonds: VanguardĀ® Total Bond Market Index Fund - 799 0.06 ER Stocks: VanguardĀ® Institutional Index Fund - 566 0.04 ER International: American Funds Capital World Growth and Income Fund - 1004 0.79 ER Don't use this one if possible Denevir Stock: VICTORY MUNDER S&P 500 INDEX MUXAX 0.58 ER Bo...
by rhodnius
Sat May 30, 2015 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help with building a three fund portfolio using my 403b/457b, my spouses Roth 401k, and HSA accounts
Replies: 3
Views: 722

Help with building a three fund portfolio using my 403b/457b, my spouses Roth 401k, and HSA accounts

Hi guys, I'm really excited that I found this site. My spouse and I are currently using Personal Capital's wealth management services however we are not satisfied with their performance. Moreover, as our portfolio continues to grow in the future we think that 0.89% fee of assets under management is ...