Search found 605 matches

by ryman554
Wed Apr 26, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Pregnant - HSA vs PPO decision
Replies: 5
Views: 424

Re: Pregnant - HSA vs PPO decision

For a pregnancy, I assume I will hit the max out-of-pocket costs. Add in the (tax-deferred?) premiums for the year. Subtract any employer free money (HSA OR HRA contributions). In my case, the HRA contribution was more than the HSA contribution, which tilted me toward the PPO for the year. While it ...
by ryman554
Fri Apr 21, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 43
Views: 3354

Re: When does it make sense to start paying down (or off) a low rate mortgage?

If you pay down a fixed rate mortgage, you could have it recast to reduce your payments. Or refinance. But even if you don't change the payments, you are reducing your expenses (the interest) even if you're not changing the cash flow . You won't recast when contributing an extra $100 or so a month ...
by ryman554
Fri Apr 21, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Child's Debt Consolidation
Replies: 9
Views: 1151

Re: Child's Debt Consolidation

Agreed, +1 to the reply above.

Get her to listen to the Dave Ramsey show and/or gift her his book/course or something.

It's got to come from her, otherwise the behaviour will repeat. It's not easy watching a child go down a dangerous path...
by ryman554
Fri Apr 21, 2017 8:25 am
Forum: Investing - Theory, News & General
Topic: Excel Solver for Portfolio Rebalancing across Multiple Accounts
Replies: 13
Views: 1490

Re: Excel Solver for Portfolio Rebalancing across Multiple Accounts

You're making it too complicated. 1. List your investments, including CASH. 2. List a desired AA among the investments, likley with cash at 0%. 3. Sum your investment totals across all investments and all accounts. Create subtotals for each investment and each account. 4. Divide each investment subt...
by ryman554
Fri Apr 21, 2017 8:13 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 229
Views: 11878

Re: I don't understand the case for EE bonds

I agree generally with the sentiment you are sharing. That being said, the odds are so overwhelmingly in your favor that I see no point in locking up money for twenty years at 3.5%. By that logic, however, why did my bank, who presumably has access to many more investment opportunities than the aver...
by ryman554
Thu Apr 20, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: To put 5k into my car loan or just keep it...
Replies: 41
Views: 2301

Re: To put 5k into my car loan or just keep it...

My car bank account is an emergency fund for my car... as in if sh*t hits the fan, I can use that account. I've had friends who lack that account and get financially screwed with a car due a car part (s) being needed. As for emptying my emergency fund -- sorry, I'll have to pass on that. I have a p...
by ryman554
Wed Apr 19, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: To put 5k into my car loan or just keep it...
Replies: 41
Views: 2301

Re: To put 5k into my car loan or just keep it...

I have to ask the question: What is the "car bank account?" It *can't* be money your saving up to buy a new car since you already have your dream car. I sincerely hope it's not the car maintenance fund.. =) Assuming it's sitting in a savings account... use it and almost all (sans $1000) of...
by ryman554
Tue Apr 18, 2017 8:05 am
Forum: Investing - Theory, News & General
Topic: Those that hold international equities at market-cap weight: what is your method?
Replies: 24
Views: 2208

Re: Those that hold international equities at market-cap weight: what is your method?

Ketawa wrote:Those weights feed into my target asset allocation percentages.

Image


75/25 Developed/Emerging is my target also.

I do this with 85% FSGDX abd 15% FPMAX. Gets me close enough.

I'm 50/50 US/Intl.
by ryman554
Thu Apr 13, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Principle Recast Scenario Question
Replies: 3
Views: 338

Re: Principle Recast Scenario Question

I looked into something like this earlier this week. Your choices are: 1. Continue on current amortization schedule; invest/save extra cash flow 2. Use existing saved cash flow to pay-down, do not re-amortize. Continue to invest/save extra cash flow 3. Use existing saved cash flow to pay-down, re-am...
by ryman554
Wed Apr 12, 2017 2:47 am
Forum: Personal Finance (Not Investing)
Topic: Milestone reached.
Replies: 14
Views: 2315

Re: Milestone reached.

Congratulations. I wish I could fully share in your glory as well -- I ran the numbers a couple of days ago and found that, while the current NW is approaching 2M instead of 1M, I could only just achieve this milestone today IF I moved away to a less HCOL area (but a place I'd love to retire to AND ...
by ryman554
Wed Apr 12, 2017 2:32 am
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 178
Views: 22228

Re: What rate of return do you use when planning for retirem

4.5% nominal and 4.5% inflation, so 0% real. Sorry for my ignorance. But when calculating real returns shoudnt we discount tax? So: 4.5% nominal - 3% inflation - ...% tax = real. ? Depends ... if you calculate tax drag as an expense on your investments (and paid for by them) or as a "deduction...
by ryman554
Wed Apr 12, 2017 1:57 am
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio: FTIPX or FSGDX ?
Replies: 13
Views: 818

Re: 3 Fund Portfolio: FTIPX or FSGDX ?

Agree that for a 3 Fund, FTIPX is more diversified, as it includes small caps. It's similar to the comparison between Vanguard's Total International (similar to FTIPX) vs. FTSE all-world ex-US large cap (similar to FSGDX). Most people would say Total International is preferable, but that FTSE large...
by ryman554
Fri Mar 31, 2017 8:52 am
Forum: Investing - Theory, News & General
Topic: Black Rock is going Robo
Replies: 5
Views: 1174

Re: Black Rock is going Robo

nedsaid wrote:
htdrag11 wrote:If you can't beat them, join them. Black Rock is going rogue on themselves. So where are the customers' yachts?


What enquiring minds want to know is where are the Robots' yachts?


Gold-plated rack chassis instead.
by ryman554
Thu Mar 30, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: review paper returns in TaxAct before filing?
Replies: 9
Views: 515

Re: review paper returns in TaxAct before filing?

calendario wrote:*I filed for free with TaxAct so I'm not sure where along the process you're prompted to pay before being allowed to move ahead.


You have to pay before you can see the full return.
by ryman554
Thu Mar 30, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: how does an Inherited Roth IRA fit into a portfolio
Replies: 9
Views: 414

Re: how does an Inherited Roth IRA fit into a portfolio

One thing to take into account: The inherited Roth IRA can be invested in REITs, Bonds, SCV, etc. My taxable brokerage is limited to Total Stock Market and Total International. but if I were to invest the inherited Roth IRA entirely in TSM and TISM and then re-balance across my other accounts, the ...
by ryman554
Wed Mar 22, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Friend will be laid off in a month - what should he do first?
Replies: 8
Views: 1296

Re: Friend will be laid off in a month - what should he do first?

One other thing not covered:

Bulk up that emergency fund: quit *investing* and double down on *saving*
by ryman554
Tue Mar 21, 2017 10:36 am
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 105
Views: 14238

Re: What % of your income have you converted to wealth?

I'm at about 70%+ ish.

income = sum of medicare earnings (not adjusted for inflation). Close enough.
NW = assets - liabilities. Ignores stuff around the house (including cars) which are hard to value. Close enough.

that income tax + mortgage drag is tough to overcome.
by ryman554
Mon Mar 20, 2017 8:20 am
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1657

Re: How much cash to withdraw when retiring

With a 50k/year pension and looming social security, it's a virtual lock that, by the time the OP hits 70.5 and SS and RMDs start coming, they will be in the 25% bracket. At that point, without running any numbers, my guess is you would be significantly better off, tax-wise, to have minimized the va...
by ryman554
Fri Mar 17, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Pension closing analysis
Replies: 5
Views: 544

Re: Pension closing analysis

It would really help if you would give dollar figures for choices 1-3 and your current marginal tax rate and expected tax rate in retirement. Until then.... Given it's so small, however, I expect that it won't move the needle all that much no matter what you do, which would make me lean toward rolli...
by ryman554
Fri Mar 10, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Multiple job offers
Replies: 36
Views: 2863

Re: Multiple job offers

You should feel zero remorse for telling Firm_A that you have decided to join Firm_B. But absolutely make sure you have a firm/written offer from Firm_B in your hand before telling that to Firm_A. If needed, stall Firm_A. I have been through this type of "hang in there" for weeks after ge...
by ryman554
Wed Mar 08, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: Traveling to Japan
Replies: 30
Views: 2568

Re: Traveling to Japan

My wife and I will be traveling to Japan next month. I've read pros and cons about renting a pocket Wi-Fi device while there. Two weeks costs approximately $80 USD. Looking for any thoughts on the above as well as recommendations regarding sites to visit and restaurants to try in Tokyo and Kyoto. L...
by ryman554
Tue Mar 07, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Affordability Question - Windfall
Replies: 8
Views: 905

Re: Mortgage Affordability Question - Windfall

You should post the numbers for both scenarios -- using the $180K as part of the downpayment or as a drawdown fund for the monthly mortgage. It is hard to envision how you'd be better off with the latter, but the numbers won't lie. If one invested the drawdown fund in, say the total stock market, t...
by ryman554
Wed Mar 01, 2017 1:24 pm
Forum: Personal Consumer Issues
Topic: Need a good commuter car fairly soon
Replies: 86
Views: 6576

Re: Need a good commuter car fairly soon

Update: Got the Civic Hatchback 2017 EX-L with Sensing. Drives nicely. Handles nicely. Definitely comfy -- took a 900 mile drive already and didn't feel anything. Adaptive cruise control is great feature. I think it's quiet. Good cargo area. Great gas mileage, althoght I have to train myself to not ...
by ryman554
Wed Mar 01, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Filing 1040X....Again?
Replies: 10
Views: 427

Re: Filing 1040X....Again?

You should know which accounts you have that would give rise to 1099's and should not file any return until you have the 1099's so you can include the numbers in your return. I'd suggest preparing a simple one page list of the accounts for which you expect to get 1099's and put it in the folder whe...
by ryman554
Tue Feb 28, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Advise 98 yr old with 95% equities?
Replies: 33
Views: 3629

Re: Advise 98 yr old with 95% equities?

Agreed.

You can quibble over the portfolio (total stock market vs. 6 stocks), but the AA looks fine to me. Maybe you can get him into a dividend fund that has the same dividend yield to avoid single stock risk. Otherwise, leave well-enough alone.
by ryman554
Tue Feb 21, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity BrokerageLink and mega-backdoor Roth?
Replies: 3
Views: 374

Re: Fidelity BrokerageLink and mega-backdoor Roth?

Thanks for the quick and detailed response. I'm sorry, but I'm going to pick apart / follow-up on your post and ask additional questions, and would be very thankful if you could follow up. Fidelity does not have the ability (at least in my 401(k)) to direct after-tax funds to the MM fund in netBene...
by ryman554
Tue Feb 21, 2017 9:17 am
Forum: Investing - Theory, News & General
Topic: Is a 4% plus CPI withdrawal rate actually aggressive?
Replies: 232
Views: 11120

Re: Is a 4% plus CPI withdrawal rate actually aggressive?

That's how the 4% SWR came about; it's the largest WR that would never once have run out of money over a 30 year period (using a 60/40 portfolio) throughout the entire U.S. history of stocks going back 140 years. It's true that in a very few instances, the money would have been nearly exhausted at ...
by ryman554
Mon Feb 20, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a marriage tax penalty in this situation?
Replies: 10
Views: 1029

Re: Is there a marriage tax penalty in this situation?

In 1977 my father convinced me to get a civil wedding on December 27 to save $600. Makes for a good story 40 years later! There was no avoiding the full initiation rite the following May however.... Suggest Dec 31st, instead. =) Same tax break (yay!) with free fireworks..... But I guess that's how ...
by ryman554
Mon Feb 20, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity BrokerageLink and mega-backdoor Roth?
Replies: 3
Views: 374

Re: Fidelity BrokerageLink and mega-backdoor Roth?

Great maker, what a pain this is. Fidelity does not have the ability (at least in my 401(k)) to direct after-tax funds to the MM fund in netBenefits, and pre-tax funds to BL. You can only distribute from the NetBenefits side of things. It takes a day to get from BL to NB. Many times you have to have...
by ryman554
Sat Feb 18, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pre and Post Tax 401K dollars comingled in IRA
Replies: 13
Views: 674

Re: Pre and Post Tax 401K dollars comingled in IRA

I just filled out Form 8606. It looks like since my post tax amount is so small in comparison to the overall IRA balance (less than 1%), my taxable amount on the conversion is ZERO. Could I be this lucky? Huh? What you write makes no sense. If the post tax amount in a tIRA is miniscule, then, to a ...
by ryman554
Sat Feb 18, 2017 4:21 pm
Forum: Investing - Theory, News & General
Topic: Is a 4% plus CPI withdrawal rate actually aggressive?
Replies: 232
Views: 11120

Re: Is a 4% plus CPI withdrawal rate actually aggressive?

Could you give me a graph that shows how 4% SWR would have done in Japan for somebody retiring in 1989? Just curious if the result holds for bad stock returns but with deflation. Actually.... yes we can. It's in another thread started a couple of weeks or so ago. Search "case study Japan"...
by ryman554
Fri Feb 17, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Deferred vs Taxable IRA's
Replies: 8
Views: 574

Re: Tax Deferred vs Taxable IRA's

Do you mean a deductible versus non-deductible IRA? If so, the difference is that all withdrawals from a deductible IRA are taxed, while withdrawals from a non-deductible IRA are prorated between contributions and gains, and only the gains are taxed because the contributions were taxed when made . ...
by ryman554
Fri Feb 17, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 199
Views: 32389

Re: Two Comma Club

Congrats to the op!!! I joined the 2 comma club this week ... BUT it's 2 commas for the total of my taxable, 401K and Roth investments. It does not take into consideration $15K student debt, $13K car loan, $20K company stock loan and 460K remaining mortgage (nor does it add home equity to the total...
by ryman554
Fri Feb 17, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone have experience with Fidelity BrokerageLink?
Replies: 14
Views: 647

Re: Does anyone have experience with Fidelity BrokerageLink?

Looks like that's a plan "feature", then, rather than a fund feature. So I guess you will indeed need to get the minimum together. I'm a bit surprised that you don't see the option to contribute to Brokeragelink. Perhaps you do have to have the minimum in the account first. I never ran in...
by ryman554
Fri Feb 17, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone have experience with Fidelity BrokerageLink?
Replies: 14
Views: 647

Re: Does anyone have experience with Fidelity BrokerageLink?

not sure about Radnor, but when I try to exchange anything less than 2500 dollars from one holding to brokerage link under "change investments," it gives me an error: "The total amount being exchanged to brokerage ($xxx) is less than the required minimum amount ($2,500.00). Enter an ...
by ryman554
Fri Feb 17, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Tax Deferred vs Taxable IRA's
Replies: 8
Views: 574

Re: Tax Deferred vs Taxable IRA's

There are (generally) two types of IRAs: Traditional -- where you receive a tax deduction upon contribution, and are taxed at marginal rate upon withdrawal. There are income limits on the deductibility of the contribution. ROTH -- where you do not receive a tax deduction upon contribution, but are n...
by ryman554
Thu Feb 16, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Excess Roth IRA - when/where to report investment income
Replies: 9
Views: 480

Re: Excess IRA - when/where to report investment income

Not sure what you mean by "Excess IRA" and how extra income makes you ineligible to contribute to an IRA. Lots of things. 1. It sounds like you are moving past the "deductibility" region of the IRA, not the contribution... or perhaps the contribution limits of a ROTH ira? a. If t...
by ryman554
Thu Feb 16, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Jumbo Mortgage Dilemma - Increased Downpayment or Investing Cash
Replies: 8
Views: 693

Re: Jumbo Mortgage Dilemma - Increased Downpayment or Investing Cash

On your HELOC comment, my understanding of HELOC's is that typically you need to maintain 80 LTV to qualify for a good rate. By that metric and using the $1M mortgage example with 80/20, if my immediate equity in the home was $200k then it is unlikely a HELOC would qualify for any substantial cash,...
by ryman554
Thu Feb 16, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Jumbo Mortgage Dilemma - Increased Downpayment or Investing Cash
Replies: 8
Views: 693

Re: Jumbo Mortgage Dilemma - Increased Downpayment or Investing Cash

I would prefer the 80/20. The 4.125% on the 85/15 is effectively 6.125% on the extra 5% you didn't put down and 4% on the rest. And unlike an 80/10/10 loan, you can't pay down the 6.125% first (unless you pay down the loan to 80% and then refinance.) Since 6.125% is a very high rate for a loan, it'...
by ryman554
Wed Feb 15, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: CPA rate $175 / hour seem reasonable?
Replies: 24
Views: 1874

Re: CPA rate $175 / hour seem reasonable?

your taxes seem very simple. Turbo tax can help you with that. I agree, but I'm going to go see how it's done right and then I should be able to do it myself going forward. If you are in the bay area, come on over and I'll show you some of my 1099s and 8606s and key line items on the front of 1040 ...
by ryman554
Wed Feb 15, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: Withdraw after-tax from 401K
Replies: 6
Views: 488

Re: Withdraw after-tax from 401K

This would be immediate so no earnings. What is the purpose? Did you make contributions and decide against it, or is the Mega Backdoor? Both, but really the former. Instead of withdrawing it, convert it to a ROTH IRA. You'll have immediate access to the funds in case of emergency and you can invest...
by ryman554
Wed Feb 15, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: MetLife Promise Whole Life Select 10
Replies: 16
Views: 1262

Re: MetLife Promise Whole Life Select 10

Hi, First thank you all for reading my message. To give a bit of background : I'm 36 years old my wife is 33 years old and we have a daughter who's almost 2. Some details about the policy: - 10 years - Initial death benefit is $644,171. - Cash value at year 10 : $193,251 guaranteed, midpoint scale ...
by ryman554
Mon Feb 13, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: American in Japan: Roth IRA Not Worth It Unless Retiring in America?
Replies: 13
Views: 1491

Re: American in Japan: Roth IRA Not Worth It Unless Retiring in America?

Yes, I meant traditional IRA. Anyway, if you won't owe additional taxes, it would seem the ROTH is the way to go. If you do have a US tax liability though, you might consider using a tIRA instead to reduce that. Haven't really gone through the math ... am not making any retirement contributions mys...
by ryman554
Wed Feb 01, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: TaxACT: in-service after-tax 401k to Roth instructions
Replies: 9
Views: 1295

Re: TaxACT: in-service after-tax 401k to Roth instructions

There was a change somewhere between preview and now for the online version as well. I had a lot of difficulty in getting the after-tax basis to be correctly not-taxed. You cannot do it, as far as I can tell, by inputting the correct information in the 1099-R and associated supplementary fields. Whi...
by ryman554
Tue Jan 31, 2017 9:44 am
Forum: Personal Consumer Issues
Topic: Need a good commuter car fairly soon
Replies: 86
Views: 6576

Re: Need a good commuter car fairly soon

OP back: Still up in air over whether or not I *need* a new car (insurance drags feet...), so in investing hiatus to make car fund grow. I am converging on the Honda Civic Hatchback, EX with Honda Sensing. Sadly, Honda sensing won't be out until April and the car guys aren't real keen at letting one...
by ryman554
Mon Jan 30, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 10260

Re: Risk tolerance when you meet your number1

Another thing to point out, even if you have say 25% in bonds, during a really bad crash you're still going to lose your shirt. I understand the behavioral argument that you will beat the S/P 500 in a crash so that will make you feel better. But your portfolio is still going to drop 38% if the mark...
by ryman554
Mon Jan 30, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Help with allocating debt vs investing with increase in pay
Replies: 52
Views: 3481

Re: Help with allocating debt vs investing with increase in pay

I guess you kinda lost me there, lol. I guess my biggest question is with my refund of around 4K, do I put this into my Roth in order to not lose this contribution, or put it towards the higher interest rate student loan debts? I will be putting my extra earned income towards debt, but wondering wi...
by ryman554
Mon Jan 30, 2017 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Free Tax USA Deluxe edition- worth it?
Replies: 6
Views: 945

Re: Free Tax USA Deluxe edition- worth it?

I also wasn't happy with their reporting of the "after tax 401(k) to roth" conversion, since their questions were misleading. I was able to get the tax to come out correctly, but I am not sure that something won't end up amiss in some form slot somewhere and cause me trouble later on. The ...
by ryman554
Sat Jan 28, 2017 6:24 am
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 10260

Re: Risk tolerance when you meet your number

If your in your 50's with less than 10 years left to work I think Dr Bernstein's approach in "The Ages of the Investor" is more prudent. Take your number and put it in something very safe like TIPS/Treasuries. Anything over that amount he calls your risk portfolio and you can go to 100% s...
by ryman554
Fri Jan 27, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: If market crashed 50%, would you do a 401k roth conversion?
Replies: 22
Views: 2743

Re: If market crashed 50%, would you do a 401k roth conversion?

Market changes should impact the decision to convert to a Roth - that is driven by relative tax rates. Not necessarily... the OP has a wise strategy, assuming all the market timing uncertainties.... Let's assume a constant, perhaps growing with inflation, income. ie, a stable job. Kind of like I ha...

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