Search found 949 matches

by ryman554
Mon Apr 16, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: If home prices decline but mortgage rates keep rising
Replies: 25
Views: 2685

Re: If home prices decline but mortgage rates keep rising

Be sure to play with the actual numbers. For example for a 30 year loan; $100,000 with a 4% mortgage has a payment of $477 $80,000 with a 6% mortgage has a payment of $480 These are not adjusted for inflation but even if you could predict the future it might not make as much difference as you might...
by ryman554
Mon Apr 16, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: What to do about withdrawal this year if market doesn't go up?
Replies: 32
Views: 2852

Re: What to do about withdrawal this year if market doesn't go up?

True, my account rose enough last year to cover this year. Is that what people did in 2015, it comes from the previous year(s)? Ok. Have about 1.2 million, not including the pension - so the average dividend gets me $24k leaving about 20k more to pull. No problem, that comes from last year's growth...
by ryman554
Mon Apr 16, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: What to do about withdrawal this year if market doesn't go up?
Replies: 32
Views: 2852

Re: What to do about withdrawal this year if market doesn't go up?

Isn't the theory that it doesn't matter what the market does, you just simply take out your 4% per year (or whatever you've decided as your SWR), and that 4% will be a bigger or smaller amount based on what the market did? Typically, when people talk about a safe withdrawal rate strategy, they are ...
by ryman554
Sun Apr 08, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: VHCOL Home Buying Advice (Bay Area, where else?)
Replies: 65
Views: 4875

Re: VHCOL Home Buying Advice (Bay Area, where else?)

HRPennypacker wrote:
Sun Apr 08, 2018 12:52 pm
I moved to SV from Seattle, kicking and screaming, and still travel back for work every other week. I can't handle the weather up there anymore.
Huh. That's funny. I can't handle the weather in SV anymore and would love to be in a place as grey and crappy as Seattle.....
by ryman554
Fri Apr 06, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Large Single Stock Position - Can't Sell - Retirement Account
Replies: 45
Views: 3061

Re: Large Single Stock Position - Can't Sell - Retirement Account

Why do we have AA? To create a efficient portfolio - to create the best risk adjusted return as possible. One way would be to crave it out into its own asset class. A more standard way is to give the asset a haircut. Illiquid and concentrated positions can be given a haircut in value of 20% to 60% ...
by ryman554
Fri Apr 06, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: How does one adjust salaries to account for housing costs when considering a move?
Replies: 24
Views: 1408

Re: How does one adjust salaries to account for housing costs when considering a move?

Step 1 is to focus on cash flow. You know where you are now. Figure out what it's going to be for the new place. You are somewhat doing it with the mortgage difference. Do it with taxes (federal, state, property) and all the rest of the stuff. There are a lot of cost-of-living calculators around, us...
by ryman554
Fri Apr 06, 2018 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Large Single Stock Position - Can't Sell - Retirement Account
Replies: 45
Views: 3061

Re: Large Single Stock Position - Cant Sell - Retirement Account

What is the plan if you die? Will your heirs have some hassle with this? For personal reasons though, I would consider this holding a non-saleable. As a percent of total assets it is under 3%. You are legally able to sell the thing. And it's not 3%, it's 10%. This makes absolutely no sense. I can t...
by ryman554
Thu Apr 05, 2018 8:59 am
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 16526

Re: What can we learn from secret millionaires.

I can also tell you that one attribute of a secret millionaire is that they understand very well that a million dollars isn't a lot of money. Not a lot of money in what context? The median individual income in the US is around $26k/yr so I would think that an amount of money that produces over 150%...
by ryman554
Thu Apr 05, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - contributed to Roth directly
Replies: 9
Views: 903

Re: Backdoor Roth - contributed to Roth directly

Excess contributions can be withdrawn either before the extended due date (10/15/2017 for a 2016 excess) with earnings per Sec 408(d)(4) or AFTER the due date without earnings per Sec 408(d)(5). Both sections are copied below. When withdrawn after the due date, the 6% excise tax is due for each yea...
by ryman554
Thu Apr 05, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: HELP: I think I messed up my Roth 401K rollover
Replies: 5
Views: 325

Re: HELP: I think I messed up my Roth 401K rollover

I think I just effed up big time.... I have been contributing to a Roth 401k (5% company match) for the last four years (I’m 27). I recently started a new job and initiated a direct rollover from my old Roth 401K into my Roth IRA that I hold at Fidelity. I just learned that apparently employer matc...
by ryman554
Wed Apr 04, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Reversing a corrective distribution made in error
Replies: 2
Views: 175

Re: Reversing a corrective distribution made in error

There may or may not be. Likely not. Whatever the case, I can confidently tell you that you will be spending more than your ex-company match you have lost as valued in time and aggravation trying to get the two companies to do what you want. You are in compliance in IRA regulations now. Just go forw...
by ryman554
Wed Apr 04, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: After tax rollover issues
Replies: 30
Views: 1215

Re: After tax rollover issues

Now it appears if I want to convert to roth, you have to convert the entire IRA (if im understanding things correctly), and I cant afford that tax hit. I'm not sure where you got the idea that you have to convert the entire IRA. That is simply not true. You can convert whatever amount you want, but...
by ryman554
Tue Apr 03, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: After tax rollover issues
Replies: 30
Views: 1215

Re: After tax rollover issues

no... its right. Supplement is a term used to separate what is being contributed past the employer matching contribution. I noticed the taxable amount in the roth as well... I can only assume its the contribution part vs gains. Probably in the event I made an early withdrawal. Supplimental is a ver...
by ryman554
Tue Apr 03, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: After tax rollover issues
Replies: 30
Views: 1215

Re: After tax rollover issues

It appears that Vanguard did what you told them to do but it was not what you thought you told them to do. Or it was not what you assumed would happen. If you don't agree with that assessment, you need to fight your battle up the line at Vanguard. If you said to "put xxx into Roth IRA" and they did...
by ryman554
Mon Apr 02, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: After tax rollover issues
Replies: 30
Views: 1215

Re: After tax rollover issues

We can't really understand what happened without the other numbers. How much was in traditional 401k? How much was in Roth 401k? How much was in the after-tax account? How much of that was from after-tax contributions? It is hard to figure out if you asked your employer for the wrong thing, if your...
by ryman554
Mon Apr 02, 2018 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: After tax rollover issues
Replies: 30
Views: 1215

Re: After tax rollover issues

OK, lets use the correct terminology. I will assume you left your job. You had balances (which custodian?) in 401(k) in three categories: 1. regular pre-tax 401(k) 2. ROTH 401(k) 3. After-tax 401(k) -> note, many plans do not have this. I am assuming that yours was a special plan and you wanted to c...
by ryman554
Sun Apr 01, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2145

Re: 4% SWR - planning for worst, hoping for better

Yes and I think the 4% rule there's some very high probability that you end up with more money after 30 years than before it, even with regular withdrawing, and some incredibly low probability of being down to a small percentage of the portfolio. Well, yes. Equities get, what, ~7-8% real? Bonds get...
by ryman554
Sun Apr 01, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Total Market Index in Both 401K & Taxable
Replies: 6
Views: 574

Re: Total Market Index in Both 401K & Taxable

That's really up to you.

If you want to allocate based on total market cap, then:

US and ex-US is about 50:50.

S&P 500 is about 80% of total US market.

Use that information how you will.
by ryman554
Sat Mar 31, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Loan but odd conundrum!
Replies: 13
Views: 1009

Re: 401k Loan but odd conundrum!

I know those rules but am seeking more specifically the answers to said questions in the original post. I would voiie for the amounts to offset each other and go elsewhere anew. No problem with that at all as I am indebted by that accord . I would prefer to know if there are tertiary fees in those ...
by ryman554
Fri Mar 30, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9026

Re: How Do You Value Your Home for Net Worth Purposes?

I include home value in my net worth. I use a conservative value and also subtract 6% for my cost to sell it. And I put my mortgage loan balance in my liability section. I for one, think that net worth is the most important financial measurement that I track. It is the purest measurement of my fina...
by ryman554
Wed Mar 28, 2018 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Excess Liability Insurance - Umbrella Insurance
Replies: 55
Views: 3832

Re: Personal Excess Liability Insurance - Umbrella Insurance

Is it? Well, I mean, it's obvious to *us*, but.... I've heard too many times to just get the plaintiff to settle for the limits. What incentive does the insurance company have to settle for the limits vs $1M over the limits? After all, you are buying the insurance company lawyer, not your own lawye...
by ryman554
Wed Mar 28, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Do you spend all your "income"?
Replies: 46
Views: 4262

Re: Retirees: Do you spend all your "income"?

If you throw in RMDs to the equation, I spent about 85% of the annual income last year (ball park, WAG). One comment. RMDs are fundamentally NOT income, and I don't see why anybody would think that they were. RMDs are nothing more than a forced taxation on tax-deferred accounts, which happens to be...
by ryman554
Wed Mar 28, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Taking out a loan to re-pay 401k loan?
Replies: 33
Views: 1692

Re: Taking out a loan to re-pay 401k loan?

I did the same thing for our house down payment. One thing I didn't consider was that the 401k loan is paid with post-tax money (not sure why it is structured like that). So the interest you are paying yourself, you will eventually pay income tax on it twice. I heard the 401k loan double-tax argume...
by ryman554
Wed Mar 28, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Taking out a loan to re-pay 401k loan?
Replies: 33
Views: 1692

Re: Taking out a loan to re-pay 401k loan?

If the house has appreciated, can you refinance the mortgage? Something like a cash out refi where you put the cash out money towards your 401k loan. Requires that you have enough equity in the house relative to the mortgage balance, however. I actually just ref'ied to a 15 year fixed at 2.875% abo...
by ryman554
Wed Mar 28, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Personal Excess Liability Insurance - Umbrella Insurance
Replies: 55
Views: 3832

Re: Personal Excess Liability Insurance - Umbrella Insurance

...With umbrella insurance, the best plan is to dangle a large enough carrot in front of the plaintiff for them to settle that neither of you have to play jury damages roulette. This is very well said. Is it? Well, I mean, it's obvious to *us*, but.... I've heard too many times to just get the plai...
by ryman554
Wed Mar 28, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: Are we missing recession /bear market beginning
Replies: 174
Views: 17288

Re: Are we missing recession /bear market beginning

Well, I will ask: We seem to be having a lot of +/- 1% days over the past month. Lots of trumpets and wah-wahs, for those the follow Marketplace. So, I took a look at this chart on the distribution of daily returns: http://businessforecastblog.com/wp-content/uploads/2014/06/residualsLSPD.png link: h...
by ryman554
Wed Mar 28, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: Retirees: Do you spend all your "income"?
Replies: 46
Views: 4262

Re: Retirees: Do you spend all your "income"?

If you throw in RMDs to the equation, I spent about 85% of the annual income last year (ball park, WAG). One comment. RMDs are fundamentally NOT income, and I don't see why anybody would think that they were. RMDs are nothing more than a forced taxation on tax-deferred accounts, which happens to be...
by ryman554
Tue Mar 27, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: Are we missing recession /bear market beginning
Replies: 174
Views: 17288

Re: Are we missing recession /bear market beginning

...That's very true, but holding on through a recession will hurt your returns compared to avoiding it as well... Jeremy Siegel says something close to "no, it won't." Siegel, who certainly has a favorable attitude toward stocks, discusses this at length in Chapter 15 of Stocks for the Long Run , F...
by ryman554
Mon Mar 26, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Possible to receive my bonus?
Replies: 29
Views: 3412

Re: Help! Possible to receive my bonus?

+1. Having ties to two companies who may or may not be competitors is something the new company may not look kindly on. So unkindly as to recind your offer of employment and/or terminate you "when they find out". So you absolutely positively have to ask about this if you want to go this way.. in a ...
by ryman554
Mon Mar 26, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Possible to receive my bonus?
Replies: 29
Views: 3412

Re: Help! Possible to receive my bonus?

Summary *Current employer sent an email during last year's fourth quarter stating annual bonus payouts "would be moved from March to end of April to align with the rest of the globe's payout timeline". Historically bonus has always been paid in Quarter 1 (March). * In January current employer sent ...
by ryman554
Mon Mar 26, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Possible to receive my bonus?
Replies: 29
Views: 3412

Re: Help! Possible to receive my bonus?

....I am seeking the bonus payout because I am a person of principle. I've overachieved, and I've made optional decisions to reduce personal time to overachieve on financial objectives for the company, as it maximizes profit for them. I hope they understand this as I believe it would be morally wro...
by ryman554
Mon Mar 26, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Help! Possible to receive my bonus?
Replies: 29
Views: 3412

Re: Help! Possible to receive my bonus?

Summary *Current employer sent an email during last year's fourth quarter stating annual bonus payouts "would be moved from March to end of April to align with the rest of the globe's payout timeline". Historically bonus has always been paid in Quarter 1 (March). * In January current employer sent ...
by ryman554
Mon Mar 26, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: Alternative to Google Finance? [Portfolios feature deprecated]
Replies: 96
Views: 21928

Re: Alternative to Google Finance? [Portfolios feature deprecated]

My view is to use google sheets for this. You're already logged into google if you're seeing google finance, so just make a googlesheet with a GOOGLEFINANCE($A10,"price") call. There is a lot of functionality buried in that call that just price -- you can get 3 year ROR, volume, .... all good day-tr...
by ryman554
Mon Mar 26, 2018 8:55 am
Forum: Investing - Theory, News & General
Topic: Alternative to Google Finance? [Portfolios feature deprecated]
Replies: 96
Views: 21928

Re: Alternative to Google Finance? [Portfolios feature deprecated]

It's still chugging along at the URL https://finance.google.com/finance/portfolio Thanks! Maybe they are counting hits and realizing that people actually use this, and of course Google should value knowing what's in your portfolio, heh. Not for me. I still get the same, crummy, new interface. Or is...
by ryman554
Mon Mar 26, 2018 8:51 am
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 99
Views: 10462

Re: How to deal with regret

Sad that I tried to market time in 2017. Lowered stock allocation from 40% to 20% waiting for crash. Then brought stock allocation back up again in january 2018 in fear of missing out. :oops: Now Im lowering stick allocation again because of correction last days. :oops: Have to say though that Im t...
by ryman554
Sat Mar 24, 2018 9:02 pm
Forum: Investing - Theory, News & General
Topic: Building a bridge to Social Security: When to start?
Replies: 34
Views: 3983

Re: Building a bridge to Social Security: When to start?

this whole concept just doesn't make any sense to me. It's just moving money from the right pocket to the left pocket. Take xx dollars (8 year's worth of SS payments) and park them in a savings account? Sure, they are secure, but you miss 8 years of possible growth. Don't many advisors already reco...
by ryman554
Fri Mar 23, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tax reform SALT affecting in Bay Area?
Replies: 67
Views: 9249

Re: Tax reform SALT affecting in Bay Area?

Actually, the mortgage interest deduction is not going away. When I enter some numbers into http://taxplancalculator.com/, it says a couple with 17k property tax, 35k mortgage interest, 350k income and 1 kid saves $4331. And that's not even considering AMT, if any. It may not be going away, but it'...
by ryman554
Fri Mar 23, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Social Security Question
Replies: 5
Views: 800

Re: Mortgage and Social Security Question

Welcome to the forum! Making extra payments on your mortgage is a risk-free return equal to your mortgage rate. Waiting to take Social Security is probably a better risk-free return. If you can make the payments on your current cash flow, it's probably better not to refinance. Rates have gone up si...
by ryman554
Thu Mar 22, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Taxes Question - 5 Year Rule - Over 59.5
Replies: 7
Views: 599

Re: Roth Conversion Taxes Question - 5 Year Rule - Over 59.5

None of the withdrawals are taxed or penalized. Your uncle has passed the 59.5 year and the roth has been opened for 5 years. Because your uncle has paid the tax on tIRA conversions, there is no tax due on conversion basis. There is no penalty due because, while it is under the 5 year from conversio...
by ryman554
Tue Mar 20, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Ways to Reset the Capital Gains Exclusion on Primary Residence
Replies: 12
Views: 714

Re: Ways to Reset the Capital Gains Exclusion on Primary Residence

Is being over the capital gains exclusion really such a horrible problem to have? :happy I think you're letting the tax tai wag the dog here. Well, it's better not to have it in the first place. Look at is this way: the OP (and I'm in the same boat!) now has ~$500k of growth. That's wonderful. Addi...
by ryman554
Tue Mar 20, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 84
Views: 13137

Re: Dave Ramsey spends two segments on his investing advice

You also need to be so goofy and irrational and beyond hope that snowballing credit card debt starting with the smallest balance is a more realistic strategy than paying off the card with the highest interest rate first. I always say Dave Ramsey or Suze Orman is better than nothing, but that's a lo...
by ryman554
Tue Mar 20, 2018 9:28 am
Forum: Investing - Theory, News & General
Topic: How much money can a CPA save you?
Replies: 52
Views: 5676

Re: How much money can a CPA save you?

magicrat wrote:
Mon Mar 19, 2018 6:16 am
Not doing it wrong. The letters are triggered by the 1099s that are autosent to the IRS and say that the taxable amount is undetermined.
No, your CPA is most certainly doing it wrong since these are also on *my* 1099-R and I *never* get this CP2000.
by ryman554
Tue Mar 20, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Should I continue to participate in my Megacorp ESPP?
Replies: 12
Views: 1281

Re: Should I continue to participate in my Megacorp ESPP?

Well if you can max it out then it's potentially a free $2500 added to your wages (minus commissions, and of course the risk). Probably not enough to make you independently wealthy, but nothing to sneeze at. My own company does a monthly ESPP. I've sold every month, and literally until just now I h...
by ryman554
Mon Mar 19, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Should I continue to participate in my Megacorp ESPP?
Replies: 12
Views: 1281

Re: Should I continue to participate in my Megacorp ESPP?

If you contributed the max 25k and got 10% off, how does that become 3011.71? I dropped out of my last co's ESPP because it only gave a 10% discount while the holding period was just the few days it took for the buy to show up in my account. My co's stock was too volatile to take the chance that it...
by ryman554
Mon Mar 19, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Should I continue to participate in my Megacorp ESPP?
Replies: 12
Views: 1281

Re: Should I continue to participate in my Megacorp ESPP?

Thank you Ryman554 and bogleblitz for commenting On my W1 box 1, it said 134641.63, box 14 said stock discount 3011.71 What did you expect your yearly salary to be? Closer to 135000 or 130000? If the former, then you did something wrong on your reporting. If the latter, then you have found your mis...
by ryman554
Mon Mar 19, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Post-Tax 401k vs. Taxable Account
Replies: 8
Views: 1017

Re: Post-Tax 401k vs. Taxable Account

Panhead - A couple questions if you and Stewie don't mind. Just trying to clarify this in my brain. You pay the taxes on the earnings when they are moved to the traditional IRA, correct? Then the traditional IRA can be rolled into the "normal" part of the 401k (not back to after-tax part)? You pay ...
by ryman554
Sun Mar 18, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Investment in HSA, how to use for medical expenses?
Replies: 5
Views: 361

Re: Investment in HSA, how to use for medical expenses?

Hope to not ever need to pull $s out of the investments (Vanguard TDF) until retirement, but just want to be prepared for the unexpected. Think it might be a good idea to hold $7-8k in the cash holdings to cover deductible, dental and any other unexpected medical bills. Will invest the rest. Maxing...
by ryman554
Sun Mar 18, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Should I continue to participate in my Megacorp ESPP?
Replies: 12
Views: 1281

Re: Should I continue to participate in my Megacorp ESPP?

Hello forum I had participated monthly in my Megacorp ESPP in 2017 to the maximum allowed Here are the rules of the plan through Fidelity: Employee Stock Purchase Price will be the FMV Closing price on the Offering Period End Date Stock Purchase Discount Amount:10.00% Allowable Contribution Rate fr...
by ryman554
Fri Mar 16, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor IRA vs more non-IRA savings when planning for early retirement
Replies: 6
Views: 521

Re: Backdoor IRA vs more non-IRA savings when planning for early retirement

After maxing pre-tax 401k, I have an additional $30k of annual post-tax income I'd like to invest. To date, I have been placing this $30k into a post-tax 401k and then using the backdoor Roth IRA rollover technique. However, I'd like to retire early (at age 55, in 15 years). When I look at my expec...