Search found 750 matches

by ryman554
Wed Oct 18, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Car fund in index fun or savings?
Replies: 17
Views: 967

Re: Car fund in index fun or savings?

Wow, you really went off the deep end! :| OP is buying a car. But, I'm glad to see most people are on the same page as me :beer I have been known to partake in deep waters from time to time.... It isn't that the OP wants to get a car. It's that it sounds like there is something special about gettin...
by ryman554
Wed Oct 18, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 46
Views: 3360

Re: Best way to make some dollars on a 10 day vacation?

Earl Lemongrab wrote:
Wed Oct 18, 2017 10:26 am
ryman554 wrote:
Wed Oct 18, 2017 9:39 am
Two weeks in another country is great.
For you maybe. For me that would awful.
Why, may I ask?

Is it going two weeks solo, or two weeks somewhere new that is the awful bit?
by ryman554
Wed Oct 18, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: HSA taxation in Calif
Replies: 14
Views: 808

Re: HSA taxation in Calif

The other option I was looking at was the iShares TIPS Bond ETF(TIP, ER=0.20%). I just realized that for the above fund, I don't meet the 10k minimum, so I would have to buy the Investor version, FSIQX, which has a slightly larger ER at 0.19%. Don't think about it too hard. I do strongly suggest yo...
by ryman554
Wed Oct 18, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: HSA taxation in Calif
Replies: 14
Views: 808

Re: HSA taxation in Calif

Additionally, the invested part of my HSA I have invested in TIPS fund and the sweep fund is in federal money market, so at least the income is state tax free, and I only have to worry about the cap gains (And I don't reinvest dividends or cap gains automatically, to keep it simpler). Since our HSA...
by ryman554
Wed Oct 18, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 46
Views: 3360

Re: Best way to make some dollars on a 10 day vacation?

As I have no plan for a travel or trip somewhere, and I am single having nobody to accompany,.... Don't rule out taking a solo vacation. When I was single I took a couple of solo trips and had a good time. I found that I met and talked with a lot more people than I normally do when I am traveling w...
by ryman554
Wed Oct 18, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Car fund in index fun or savings?
Replies: 17
Views: 967

Re: Car fund in index fun or savings?

Why not diversify? - MM account - CDs - Index fund Because I want to make money, and the safest way to make money is by investing in highest risk-adjusted yielding vehicles. Current tribal knowledge on this board indicates low-cost broad-based index funds is the strategy for long term savings, thou...
by ryman554
Sat Oct 14, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issue: Made a mistake on Inherited IRA RMDs for five years
Replies: 36
Views: 2542

Re: Tax issue: Made a mistake on Inherited IRA RMDs for five years

Well, yes, but that is not the only way to get to $0 withholding. One *could* claim 1,000,000 exemptions or something ridiculous. I know the IRS frowns on this by starting to put you on a "lock-in letter", since it's also being driven by not withholding enough, but the RMD withholding strategy prov...
by ryman554
Fri Oct 13, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issue: Made a mistake on Inherited IRA RMDs for five years
Replies: 36
Views: 2542

Re: Tax issue: Made a mistake on Inherited IRA RMDs for five years

OK, now you have me intrigued. Can I take this to the logical conclusion and somehow force W4 into withholding $0 in state and federal taxes over the year on a large-ish salary (> $150k) and then "withhold it" at the end of the year (or the beginning, for that matter, to put into a safe harbor) via...
by ryman554
Fri Oct 13, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Tax issue: Made a mistake on Inherited IRA RMDs for five years
Replies: 36
Views: 2542

Re: Tax issue: Made a mistake on Inherited IRA RMDs for five years

Plus, the bright side of RMDs is that they can be used as estimated payments that were paid through the year even though you may take them as late as Dec 31. You can withhold 100% of the RMD as a tax payment and the IRS considers it like quarterly payments. Sometimes, I personally think this abilit...
by ryman554
Thu Oct 12, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: I need a better online checking w billpay and mobile check deposit
Replies: 34
Views: 2495

Re: I need a better online checking w billpay and mobile check deposit

CapitalOne360 works great for me. I've deposited checks with 25k daily limit via their app, and their bill pay works well for me. Never had any issues with lost checks, and I can get a person on the phone when I needed to. Ebills are well integrated and automatic; the only thing I can't set up to ju...
by ryman554
Thu Oct 12, 2017 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Tax issue: Made a mistake on Inherited IRA RMDs for five years
Replies: 36
Views: 2542

Re: Tax issue: Made a mistake on Inherited IRA RMDs for five years

Thanks for suggestions above - however, keep in mind that this was a $15,000 inherited IRA. I have created a spreadsheet showing the actual RMDs and the "correct" RMDs, and the total difference over the five year period is about $100. I guess I'm wondering whether this is so de minimis that it's no...
by ryman554
Wed Oct 11, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 11981

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

What is the external-to-the-market authority whom we all can consult to be told whether market prices are too high, just about right, or too low? Most potential buyers and sellers disagree with each other over prices most of the time. PJW I wonder if it is the AI overlords and their high frequency ...
by ryman554
Mon Oct 09, 2017 8:15 am
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1480

Re: Financial Calculations for Boglehead Presentation

The loan with the higher interest rate is tax deductible (above the line - student loan interest). So you would rather pay the bank $1 and get a 25 cent rebate from the IRS instead of not paying the bank $1? By my count, it would a) cost you 75 cents to hold onto the debt and b) would have been bet...
by ryman554
Sun Oct 08, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: HSA vs. PPO vs. EPO
Replies: 8
Views: 337

Re: HSA vs. PPO vs. EPO

Not only that, but in your case, HDHP is likely not worth it for catastrophic coverage, as your total out of pocket appears be less for EPO and PPO plans. Really, you just need to do the spreadsheet thing and determine the pivot points for medical expenses (including copays and coinsurance and deduc...
by ryman554
Sat Oct 07, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: 3x gross income = house purchase price, should interest rate be taken into account?
Replies: 26
Views: 2126

Re: 3x gross income = house purchase price, should interest rate be taken into account?

Simple answer is: do a budget. Cash flow tells you.

Or replace rent with PITI and repair extras if you want to maintain lifestyle.
by ryman554
Sat Oct 07, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: 3x gross income = house purchase price, should interest rate be taken into account?
Replies: 26
Views: 2126

Re: 3x gross income = house purchase price, should interest rate be taken into account?

A traditional rule of thumb for home buying as been to use this formula: 3 * gross income = purchase price of home panchilly, 1) That is not a conservative rule of thumb. 2) A conservative rule of thumb would be House Price = 1/3 of Net Worth excluding the house. KlangFool Your rule of thumb rules ...
by ryman554
Wed Oct 04, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Add to 529 to Keep Funding Taxable?
Replies: 38
Views: 1880

Re: Add to 529 to Keep Funding Retirement?

My gut feeling is that you know enough to be dangerous. You hit the nail on the head! Main goal: (1)increase amount I can save to my retirement account, which is much lower compared with my spouse's retirement and (2) optimize tax bracket using tax-advantaged options available to us. ... That is no...
by ryman554
Wed Oct 04, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Add to 529 to Keep Funding Taxable?
Replies: 38
Views: 1880

Re: Add to 529 to Keep Funding Retirement?

I know BND ER is 0.05% versus VTEB 0.09% . My main reason for going with VTEB was "tax exempt' but given these are in IRAs anyway the impact may not be high enough to justify a 0.04% ER increase. I am late to this game, but unfortunately, this statement speaks volumes. Not only is your impact not h...
by ryman554
Tue Oct 03, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 574
Views: 150968

Re: Share your net worth progression

July 2003: ~$30-50k. (Left academia) Dec 2011: ~$600k (Left first job, ~50% in home equity) Aug 2013: ~$850k (Left second job, ~50% in home equity, but have a different house now) Dec 2014: >$1.1M (hit my first million, ~50% in home equity) Dec 2016: >$1.5M (Left third job in meantime, still ~50% in...
by ryman554
Sun Oct 01, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Pension: Lumpsum or leave it for retirement
Replies: 13
Views: 1857

Re: Pension: Lumpsum or leave it for retirement

Almost surely certain over next 20 years: Big time life expectancy increase. This will make annuities much more costly to providers and much more beneficial to owners. Huh? This is absolutely NOT certain. What data are you using to support your belief, given the significant majority of life expecta...
by ryman554
Sat Sep 30, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Budgets: how do you track irregular income and expenses
Replies: 35
Views: 2354

Re: Budgets: how do you track irregular income and expenses

There are two kinds of income/expenses, and it doesn't help to really think about them as "monthly" or "non-monthly" Think of them instead as "recurring" and "non-recurring". Recurring is things which happen all the time, which accounts for almost everything on your list. Doesn't matter if they are ...
by ryman554
Thu Sep 28, 2017 8:33 am
Forum: Investing - Help with Personal Investments
Topic: How long a track record should a new fund have before I invest?
Replies: 13
Views: 785

Re: How long a track record should a new fund have before I invest?

I am looking at a fund called Aspiration Redwood. It has top ratings and great performance, and a philosophy I like. But it is less than two years old. How long (assuming it continues to perform well) should I wait before investing? How old does a fund need to be before one has confidence in it? Le...
by ryman554
Wed Sep 27, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Increase 401K percentage or contribute to ESPP?
Replies: 14
Views: 850

Re: Increase 401K percentage or contribute to ESPP?

Thank you all so much! I'm new to all of this and trying to learn to be more savvy :). The ESPP is offered at a 10% discount. So I should cash out the stock when able to? Not just let it add up over time? Or just increase my 401K deduction to 15% and when more funds are available then buy stock aga...
by ryman554
Wed Sep 27, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Withdraw Roth principal and later redeposit as tIRA?
Replies: 19
Views: 1742

Re: Withdraw Roth principal and later redeposit as tIRA?

Thank you. My goal is to both (a) contribute the fully allowed deductible amount to my tIRA for 2017 and (b) withdraw any non-deductible funds while NOT withdrawing earnings ... and so since I've already put the $5.5K in a Roth, the clear solution is Option A. That is, leave the money in the Roth u...
by ryman554
Wed Sep 27, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Increase 401K percentage or contribute to ESPP?
Replies: 14
Views: 850

Re: Increase 401K percentage or contribute to ESPP?

It's a false question, assuming the OP has a "standard" ESPP of 15% discount and immediate sale every six months. If the OP has something a bit more restrictive, then the following comments are fully null and void. Answer: OP does both, at no cost to the OP, other than some simple budgeting. How? Fu...
by ryman554
Wed Sep 27, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Mega-backdoor Roth Conversion. Am I doing this correctly?
Replies: 19
Views: 1567

Re: Mega-backdoor Roth Conversion. Am I doing this correctly?

A much better, less error prone method would be to do an in-plan 401(k) conversion [edit:] in-service rollover to a FIDELITY ROTH IRA [...] Never get a paper check if you can avoid it. Thanks for the suggestion, but it is a bit too late now. I've already got the check in hand. I will consider this ...
by ryman554
Tue Sep 26, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Mega-backdoor Roth Conversion. Am I doing this correctly?
Replies: 19
Views: 1567

Re: Mega-backdoor Roth Conversion. Am I doing this correctly?

A much better, less error prone method would be to do an in-plan 401(k) conversion to a FIDELITY ROTH IRA I don't think "in plan" conversion is the right word. I think that would be rolling to Roth 401k, not rolling out to Roth IRA. As usual, you are correct. Thanks. "in-service rollover" is the co...
by ryman554
Tue Sep 26, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14118

Re: Bay Area Real Estate

Rent until you can buy with cash, then decide what you want to do In the bay area that pretty much means renting forever. You are paying the equivalent of a very expensive mortgage anywhere else in the country for *rent*. Hoping in the meanwhile to amass 1M+ in cash to buy a house. Good luck with t...
by ryman554
Tue Sep 26, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: help with 401K, high fees and commissions
Replies: 8
Views: 610

Re: help with 401K, high fees and commissions

Contribute to the 401(k) to get the 100% match. Never turn down free money. Then contribute to all other available tax-advantaged space (IRA, HSA?) A 1% ER cuts your earnings by a significant chunk over 30 years. Over the lifetime of that, I'm not sure if the LTCG tax drag of taxable investments win...
by ryman554
Tue Sep 26, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Mega-backdoor Roth Conversion. Am I doing this correctly?
Replies: 19
Views: 1567

Re: Mega-backdoor Roth Conversion. Am I doing this correctly?

A much better, less error prone method would be to do an in-plan 401(k) conversion [edit:] in-service rollover to a FIDELITY ROTH IRA. You can do this completely electronically, on their website if I recall correctly, removing the need for a paper check at this stage. Once it is in your fidelity IRA...
by ryman554
Mon Sep 25, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: pre-tax money in a nondeductible IRA
Replies: 24
Views: 1459

Re: pre-tax money in a nondeductible IRA

Thanks very much for the explanation. I'll have to decide whether it is worth it. ............................................................. Even taking $5000 of basis and putting it into a separate account and combining the rest doesn't do much, unless you don't invest the $5000 in anything whi...
by ryman554
Mon Sep 25, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: pre-tax money in a nondeductible IRA
Replies: 24
Views: 1459

Re: pre-tax money in a nondeductible IRA

Thanks very much for the explanation. I'll have to decide whether it is worth it. The short answer is NO, it is not worth it to segregate your basis and pre-tax money in all IRAs (rollover and SEP included, but not roth) into different accounts. Others have told you that the IRS treats all of these...
by ryman554
Fri Sep 22, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2327

Re: Large Mortgage

Today != Yesterday != Tomorrow Today's jumbo rates are indeed larger than regular. I've been watching. That was patently not true in the recent past and may not be true in the future. That whole supply and demand thing turns out to matter in addition to default risk. Two posters now commented on the...
by ryman554
Fri Sep 22, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2327

Re: Large Mortgage

3.125 for a huge mortgage is better. I also don't think rate will go lower. But I'm really surprised that you can get this rate. Last I looked on PenFed, it was a lot higher for a conforming loan. Conforming != jumbo. I, too, was surprised to find cases where the jumbo rate was less than the confor...
by ryman554
Fri Sep 22, 2017 9:10 am
Forum: Investing - Help with Personal Investments
Topic: advice on possible brokerage Link
Replies: 9
Views: 603

Re: advice on possible brokerage Link

Thanks for the replies. Yes, I double checked and their is no brokerage link fee or fee to transfer money in. We just have to have $500 minimum to use the brokerage link. From thinking through the replies, I think I will start moving money into the brokerage link and just purchase the same fidelity...
by ryman554
Fri Sep 22, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: What are the benefits of rolling over after tax 401k to a Roth IRA?
Replies: 10
Views: 640

Re: What are the benefits of rolling over after tax 401k to a Roth IRA?

I only roll over to an IRA or Roth IRA when I leave a company. The OP is talking about an after-tax (not traditional or roth 401(k)), of which many plans have the ability to rollover immediately to IRAs. Given that the after-tax 401(k) contributions functions exactly as a non-deductible traditional...
by ryman554
Thu Sep 21, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: advice on possible brokerage Link
Replies: 9
Views: 603

Re: advice on possible brokerage Link

Brokeragelink is great. I would be surprised if there were a fee to transfer in; it's usually just another investment option listed amongst your existing options. But fidelity "spartan" funds (spartan name is gone, but funds remain) that have ERs <= 0.1. You can get all the US, international, and bo...
by ryman554
Thu Sep 21, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24025

OP needs different advice from what is asked

OP: Read cella's reply above. Your finances are an absolute disaster. You are making almost 200k/year and you have 500k in debt that is due imminently. You make way too much to owe that much. You need to do three things. 1. Get on a budget and figure out how to live on 50k/year, not including saving...
by ryman554
Wed Sep 20, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Tracking HSA investment income/cost basis for CA state taxes
Replies: 16
Views: 1195

Re: Tracking HSA investment income/cost basis for CA state taxes

I have considered just getting a TIPS fund (which would help some for the CA taxes, though the capital gains issue would remain), but I already have i-Bonds as a large portion of my bonds allocation. You could also use an ordinary Treasury fund in the HSA, and shift your other bond holdings more to...
by ryman554
Wed Sep 20, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: 5-6 wks. for IRA transfer, (expletive deleted)
Replies: 10
Views: 1203

Re: 5-6 wks. for IRA transfer, (expletive deleted)

So, why does the OP not just do an indirect transfer at this point? Would be significantly faster. Withdraw, don't withhold, deposit. Just remember that you have one per 365.25 period across all accounts. And that you are working with banks which may be annoyingly obtuse to deal with. However, given...
by ryman554
Tue Sep 19, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: ESPP Shares - Transfer to Brokerage - Wash Sale Considerations
Replies: 2
Views: 255

Re: ESPP Shares - Transfer to Brokerage - Wash Sale Considerations

Bump... For what it's worth, I called ComputerShare, and the representative was just reading off the script on what a wash sale is...but when pressed, she said they don't offer tax advice. I don't want tax advice...I want to know if they track future purchases and adjust the cost basis, per wash-sa...
by ryman554
Sat Sep 16, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2103

Re: 15 vs 30 year refinance vs cash out refinance

You should not focus on how much interest you are paying to the bank, but on how your debt costs you (in interest) versus how much it benefits you (in the return). I could pay off my mortgage, but I get a benefit from keeping the mortgage because it allows me to invest more (and I don't take any mo...
by ryman554
Sat Sep 16, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Prior years attorney fees I paid is being retuned by my attorney, now what with taxes
Replies: 12
Views: 1145

Re: Prior years attorney fees I paid is being retuned by my attorney, now what with taxes

You've hit on a situation that is not all that clear in the law and has been litigated at length. The equitable result is to claim an amount of income in the current year that will result in a tax equal to the amount of tax you saved through the deduction. There are other ways you could treat this,...
by ryman554
Tue Sep 12, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Thank you bull market!
Replies: 6
Views: 2038

Thank you bull market!

I am, at least, temporarily, a member of the two comma club. Is this like Fidelity Premium Services or Vanguard Admiral Shares where you get to keep your title even if the market takes it away tomorrow? Thanks to my wife's frugality, many examples and pointers from my five years on this board, the s...
by ryman554
Tue Sep 12, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: China to ban petrol cars
Replies: 64
Views: 4586

Re: China to ban petrol cars

Electric vehicles currently in production have many disadvantages over ICE vehicles: 4) Low horse power on freeway. Hahahahaha. Wanna race? I don't think you'll win in your electric car. I'm not talking a quarter mile Fast and the Furious race. Shaving two seconds off a very short drive doesn't do ...
by ryman554
Tue Sep 12, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: After Tax contribution roll over to Roth IRA or Employer Roth account
Replies: 6
Views: 697

Re: After Tax contribution roll over to Roth IRA or Employer Roth account

BHs: I have reached the limit for contribution for the current year for Pretax 401 K, Roth 401 K and After tax. From past couple of years, I have accumulated over $15K in after-tax in MM funds, it shows a gain of $40. Question- Does it matter whether the rollover is from after tax contributions to ...
by ryman554
Sat Sep 09, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Company Sold, Now does this make sense?
Replies: 13
Views: 2133

Re: Company Sold, Now does this make sense?

Thanks for the great replies. They definitely challenged me to think. 3.5M isn't going to cut it for true retirement. I think that number needs to be 7-8M if we continue to live in the very high cost San Francisco Bay Area. Kids are in high school ( 529s fully funded) and in 5 years we might consid...
by ryman554
Fri Sep 08, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Don't want to lock down in IRA until I am 59.5
Replies: 12
Views: 1289

Re: Don't want to lock down in IRA until I am 59.5

And then would have to pay taxes on all withdrawals from the tIRA. There is tax drag due to capital gains at <15% but the return of principal is tax free. It's a lot more subtle of a difference between taxable and tIRA than you claim. While a ROTH is almost always be better than tIRA, and always bet...
by ryman554
Thu Sep 07, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: Three Centuries of Asset Returns, 1694-2015
Replies: 35
Views: 4271

Re: Three Centuries of Asset Returns, 1694-2015

I found your post interesting and wanted to consider another possibility: that long term returns much greater than 5% are not sustainable economically due to early retirees withdrawing from the labor pool. Assuming a person begins saving for retirement at age 22, I calculated the age at which a per...
by ryman554
Wed Sep 06, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8687

Re: When calculating net worth, how do you value your house?

I don't count car or home. Should I? IMHO, no. KlangFool For Net Worth, you should. But Net Worth has a very specific meaning and does not correlate perfectly with being able to eat in the short term (but does much better for the long term) which is why we keep getting these questions every couple ...