Search found 44 matches

by wanderlust14
Mon Jun 19, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone used EverBank for home mortgage?
Replies: 6
Views: 528

Anyone used EverBank for home mortgage?

EverBank seems to have the best combination of low interest rates and minimal fees (total all-in cost) per Bankrate.com comparison. Just wondering if anyone has used them or has personal experience. Thanks.
by wanderlust14
Tue May 23, 2017 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Can you still do backdoor Roth with SIMPLE-IRA plan?
Replies: 7
Views: 609

Re: Can you still do backdoor Roth with SIMPLE-IRA plan?

Yes, you can contribute to a TIRA. If you're beyond the deduction MAGI limit can you still contribute to a Roth directly? Contributing to a TIRA without the deduction or planning on converting to a Roth is worse than investing that in a taxable account since you'll pay ordinary income rates on all ...
by wanderlust14
Tue May 23, 2017 4:12 am
Forum: Investing - Help with Personal Investments
Topic: Can you still do backdoor Roth with SIMPLE-IRA plan?
Replies: 7
Views: 609

Re: Can you still do backdoor Roth with SIMPLE-IRA plan?

Yes, you can contribute to a TIRA. If you're beyond the deduction MAGI limit can you still contribute to a Roth directly? Contributing to a TIRA without the deduction or planning on converting to a Roth is worse than investing that in a taxable account since you'll pay ordinary income rates on all ...
by wanderlust14
Tue May 23, 2017 3:49 am
Forum: Investing - Help with Personal Investments
Topic: Can you still do backdoor Roth with SIMPLE-IRA plan?
Replies: 7
Views: 609

Re: Can you still do backdoor Roth with SIMPLE-IRA plan?

You CAN do it, but likely should not, as the SIMPLE IRA is considered to be the same as a Traditional IRA and thus subject to the pro-rate rule. Bummer. So a couple follow-up questions: 1. Can you still contribute to a tIRA? And... 2. Assuming I am beyond the income phase out for a deductible tIRA ...
by wanderlust14
Mon May 22, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Can you still do backdoor Roth with SIMPLE-IRA plan?
Replies: 7
Views: 609

Can you still do backdoor Roth with SIMPLE-IRA plan?

Just wanted to confirm that (hopefully) a backdoor Roth is allowable when one also contributes to a SIMPLE-IRA. Thanks.
by wanderlust14
Sun May 21, 2017 3:56 am
Forum: Personal Finance (Not Investing)
Topic: Job change--crazy financial move?
Replies: 9
Views: 1336

Job change--crazy financial move?

Well, I've been thinking about it long and hard for some time (probably too long and too hard) but the time has come to make a decision. Job 1 (CURRENT): $200k salary, 9-12 weeks vacation (yes, I know this is incredibly rare and fortunate), 4% matching Safe Harbor 401k, medical/dental, amazing place...
by wanderlust14
Fri Apr 28, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: SIMPLE-IRA: all contributions (including match) immediately vested?
Replies: 3
Views: 242

SIMPLE-IRA: all contributions (including match) immediately vested?

Just confirming that for a SIMPLE-IRA plan that the employer match is immediately vested. Thanks.
by wanderlust14
Mon Mar 20, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Date in both 401k and IRA/taxable---any issue?
Replies: 6
Views: 542

Re: Vanguard Target Date in both 401k and IRA/taxable---any issue?

Nate79 wrote:A few issues.

The taxable account and the IRA can cause wash sales if holding the same fund in each.

Target date funds are not tax efficient in taxable accounts so not the ideal choice.


The wash sale only applies if one is TLH though, correct?
by wanderlust14
Mon Mar 20, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Date in both 401k and IRA/taxable---any issue?
Replies: 6
Views: 542

Vanguard Target Date in both 401k and IRA/taxable---any issue?

Considering switching from Betterment to Vanguard due to the recent fee increase at Betterment. I have been buying their target date fund in my 401k and was considering doing the same in my taxable/IRA accounts if I switch them over to Vanguard. Any issues with this that I'm not considering? Betterm...
by wanderlust14
Sun Mar 05, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Betterment TLH and wash sale
Replies: 8
Views: 709

Re: Betterment TLH and wash sale

401k is not identified by the IRS as causing wash sales. IRA's on the other hand should be included. What if the same Vanguard target date 2050 were in a Vanguard taxable account? Would it then be considered a wash sale based on it being sufficiently identical? In a 401k? No. In this hypothetical I...
by wanderlust14
Sat Mar 04, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Betterment TLH and wash sale
Replies: 8
Views: 709

Re: Betterment TLH and wash sale

401k is not identified by the IRS as causing wash sales. IRA's on the other hand should be included. What if the same Vanguard target date 2050 were in a Vanguard taxable account? Would it then be considered a wash sale based on it being sufficiently identical? In a 401k? No. In this hypothetical I...
by wanderlust14
Sat Mar 04, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Betterment TLH and wash sale
Replies: 8
Views: 709

Re: Betterment TLH and wash sale

Nate79 wrote:401k is not identified by the IRS as causing wash sales. IRA's on the other hand should be included.



What if the same Vanguard target date 2050 were in a Vanguard taxable account? Would it then be considered a wash sale based on it being sufficiently identical?
by wanderlust14
Fri Mar 03, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Betterment TLH and wash sale
Replies: 8
Views: 709

Betterment TLH and wash sale

Thought I would weigh in and see what others think of the wash sale potential using Betterment's TLH feature with my outside Vanguard 401k: Betterment taxable funds: US Total Stock Market: VTI, SCHB US Large-Cap Value: VTV, IVE US Mid-Cap Value: VOE, IWS US Small-Cap Value: VBR, IWN Developed Market...
by wanderlust14
Sat Jan 07, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Safe Harbor Match Question
Replies: 5
Views: 616

Safe Harbor Match Question

Our company 401k plan has a 4% Safe Harbor match, however, I have noticed that the match amount appears unchanged regardless of whether I increase my own deferral amount or not (I contribute the $18k max annually). This concerns me as I was planning on front loading my 401k contributions so I would ...
by wanderlust14
Fri Aug 19, 2016 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Any experience with Vanguard 401k?
Replies: 4
Views: 513

Re: Any experience with Vanguard 401k?

My former company had a 401K plan held at Vanguard in the 1980s. This was before Index funds. I think you should offer something more than (instead of?) Target funds so employees can determine their own AA. Is International represented? Small and big caps? I should have been more clear---the "...
by wanderlust14
Fri Aug 19, 2016 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Any experience with Vanguard 401k?
Replies: 4
Views: 513

Any experience with Vanguard 401k?

I've been given the chance to switch our high-fee/expensive ER American Funds 401k to a better plan. I shopped around and it seemed like the Vanguard offering was a good choice for our small company. Here is the breakdown comparison for the Safe Harbor offering we want: 1. Current American Funds Saf...
by wanderlust14
Sun Jul 03, 2016 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Happiness
Replies: 94
Views: 12233

Re: Money vs. Happiness

I think you're on the wrong forum - by a long shot. Get on a dating site & pay to have a woman (or whatever floats your boat) come & stay with you for a couple of weeks to try her out & her you. If it's really bad, put her back on a plane the next day. If it's only OK, try it again. If ...
by wanderlust14
Sun Jul 03, 2016 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Happiness
Replies: 94
Views: 12233

Re: Money vs. Happiness

OP here. Thanks to all for such well-articulated responses. I asked for perspective and certainly got it. As many have suggested, I have partaken in the online dating scene since moving here, but can't say it has been very fruitful. There is a funny saying here (from a female's perspective) when it ...
by wanderlust14
Sat Jul 02, 2016 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Happiness
Replies: 94
Views: 12233

Re: Money vs. Happiness

What specifically is the issue with your social life? While I wouldn't consider myself a city-slicker, I do miss some of the amenities offered by living in a larger metropolis (better selection of bars/restaurants and access to concerts/sporting events/cultural activities). More specifically, the d...
by wanderlust14
Sat Jul 02, 2016 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Happiness
Replies: 94
Views: 12233

Money vs. Happiness

Looking for a little perspective on an issue I've been flip-flopping on for about 3 years. Here's the skinny: I lucked into an amazing job in Alaska with not only fantastic earning potential ($200k++) but an amazing travel schedule (anywhere from 8-12 weeks paid vacation annually). This is not typic...
by wanderlust14
Wed Feb 24, 2016 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Carte blanche to set up company 401k---thoughts?
Replies: 14
Views: 1774

Re: Carte blanche to set up company 401k---thoughts?

I believe you have conflicting objectives in 1, 2 and 3. To a considerable degree, I believe you will find that to offer the very low cost Vanguard funds (at those low costs/eppense ratios) the company administration costs will be higher. I also believe you will find that, for an employer 401k plan...
by wanderlust14
Wed Feb 24, 2016 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Did I over-contribute to IRA for 2015?
Replies: 1
Views: 261

Did I over-contribute to IRA for 2015?

I have a question about whether I may have inadvertently over-contributed to my IRA in 2015. Scenario: 1. 3/2015: contributed $5500 to Betterment (traditional) IRA, which was listed as 2014 contribution -Several days later performed backdoor Roth conversion 2. 5/2015: contributed $5500 to Betterment...
by wanderlust14
Tue Feb 23, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Carte blanche to set up company 401k---thoughts?
Replies: 14
Views: 1774

Carte blanche to set up company 401k---thoughts?

Our small company (20-25 employees) currently has an American Funds Safe Harbor 401k plan. While the matching aspect of the employer is very generous, the ER of the funds (1.4-1.7%) and the fund choices are generally quite poor. I've presented this to my employer and they have basically given me car...
by wanderlust14
Sat Jan 02, 2016 12:19 pm
Forum: Personal Consumer Issues
Topic: No to Betterment advisory fee, but yes to...?
Replies: 28
Views: 2921

Re: No to Betterment advisory fee, but yes to...?

What is amusing is people there is a group of people who are ok with lifestratgy fees (paying .17 for total market instead of .05 is a .12% fee) but balk at paying another .03% for additional services (TLH, efficient withdrawal). I guess everyone has to draw the line somewhere. Very true. There cer...
by wanderlust14
Sat Jan 02, 2016 2:56 am
Forum: Personal Consumer Issues
Topic: No to Betterment advisory fee, but yes to...?
Replies: 28
Views: 2921

Re: No to Betterment advisory fee, but yes to...?

If you invest 100,000 for 30 years at an 8% annual return you end up with $1,006,266. By investing with a service that charges 15 bps (0.15%) for something you can do yourself you end up with $965,171 (assumes 7.85% annual return instead of 8% for 30 years on the same $100,000 initial investment. T...
by wanderlust14
Fri Jan 01, 2016 11:06 pm
Forum: Personal Consumer Issues
Topic: No to Betterment advisory fee, but yes to...?
Replies: 28
Views: 2921

No to Betterment advisory fee, but yes to...?

I know the general stance of many on this forum---why pay Betterment 0.15-0.35% to do something you can easily do yourself (and possibly do it better). For a portfolio of $100K, the Betterment fee works out to $150. I'm sure many of us spend $150/year on a service we could easily do ourselves much c...
by wanderlust14
Tue Dec 22, 2015 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Biggest lucky break in your personal finances?
Replies: 160
Views: 15706

Re: Biggest lucky break in your personal finances?

OP here. No doubt about it---as many others have pointed out, being born in the United States into an exceptional family of above average means was probably my biggest break. Otherwise, the biggest bit of luck came from rolling the dice and moving to Alaska (into a town I knew very little about) for...
by wanderlust14
Tue Dec 22, 2015 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Biggest lucky break in your personal finances?
Replies: 160
Views: 15706

Biggest lucky break in your personal finances?

While both personal choices (career path, spending habits, spouse selection) and behavioral factors (delaying gratification, risk tolerance) all affect one's personal finances, I think most would agree there is a bit of luck involved along the way. What was your luckiest moment?
by wanderlust14
Wed Nov 18, 2015 11:26 am
Forum: Investing - Theory, News & General
Topic: Most important financial metric/calculation?
Replies: 39
Views: 4543

Most important financial metric/calculation?

This is a pretty broad (and perhaps silly) question, but I wanted to know what other Bogleheads view as an essential (or THE essential) metric by which to measure their progress in the path to financial independence. For example, is it net worth (NW= total assets - total liabilities)? For educationa...
by wanderlust14
Tue Nov 17, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: What was your eureka! Boglehead moment?
Replies: 86
Views: 9386

What was your eureka! Boglehead moment?

Just curious as to whether people had a particular moment/experience where they realized the importance of taking control of their personal finances and investment strategies or if it was a gradual transition over time. Please share.
by wanderlust14
Sun Nov 15, 2015 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

Re: What to do with $50K now and discretionary $7500/month going forward (please advise)

shuchong wrote: As for what to do with the $7,500k you're saving each month -- I'd continue to save a small portion and think of it as my five year/when I escape money, and dump the rest into the market.


This is most in line with what I was thinking. Thanks for the feedback.
by wanderlust14
Sun Nov 15, 2015 12:57 am
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

Re: What to do with $50K now and discretionary $7500/month going forward (please advise)

cjcerny wrote:P.S. The expense ration on your American Funds target date fund is really bad--you need to take evasive action there ASAP, if possible.


Yep, that's the goal in the near future. It appears to be about double the average target-date fund.
by wanderlust14
Sat Nov 14, 2015 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

Re: What to do with $50K now and discretionary $7500/month going forward (please advise)

I would not have taxable bonds in my taxable account. MUB is okay. I would double the MUB in taxable. If I only had $27k in taxable I wouldn't be buying 0.6% corporate bond funds. It is meaningless and not tax efficient. You don't have enough in taxable to make a difference but I would expect more ...
by wanderlust14
Sat Nov 14, 2015 10:58 am
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

Re: What to do with $50K now and discretionary $7500/month going forward (please advise)

Just off the cuff, consider this scenario: Let's say you stick it out where you are until age 35, investing the $75K every year, and you get 4% real (a fair guess for a stock heavy portfolio in the near term, and hopefully a reasonable guess for a balanced portfolio in the decades to come). When yo...
by wanderlust14
Fri Nov 13, 2015 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Genetic Testing for Job Application
Replies: 29
Views: 4225

Re: Genetic Testing for Job Application

A relative of mine was going to apply for a job at a nationally known company but was told that he and all other applicants would have to submit to genetic testing before their applications were accepted. He refused and went elsewhere. Is this common in the job application process now? Was the comp...
by wanderlust14
Fri Nov 13, 2015 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

Re: What to do with $50K now and discretionary $7500/month going forward (please advise)

Company match: 4% (approximately $8K/year), immediately vested ( New annual contributions: -$18K + $8k/year match in company 401k Just a question on the side, this doesn't add up, 8k would be a 44% match on 18k. Instead of investing everything into taxable, have you looked if your plan allows in-se...
by wanderlust14
Fri Nov 13, 2015 10:42 am
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

Re: What to do with $50K now and discretionary $7500/month going forward (please advise)

I would not have taxable bonds in my taxable account. I wonder about the tax efficiency of all the value funds. I have a tax managed small cap value in taxable and small cap in tax advantaged funds. I haven't looked at the tax efficiency of the large and mid cap value funds compared to TSM. You hav...
by wanderlust14
Fri Nov 13, 2015 2:50 am
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

Re: What to do with $50K now and discretionary $7500/month going forward (please advise)

I think your real question that you want answered is, how long should I eat like a pig (save boku $$$) at the expense a vibrant local social life. Spot on. I'll admit that over the past 1-2 years I've literally flip-flopped on this on a monthly basis. I'm still (somewhat pessimistically) holding ou...
by wanderlust14
Fri Nov 13, 2015 2:40 am
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

Re: What to do with $50K now and discretionary $7500/month going forward (please advise)

Don't suppose you'd mind sharing what you do, even in very general terms? It's a neat set of pluses and minuses. Alaska's on my bucket list, I grew up in Maine and AK seems just like it only more so. I am in the medical field. This situation isn't necessarily typical of my profession (even in AK)--...
by wanderlust14
Fri Nov 13, 2015 2:31 am
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

Re: What to do with $50K now and discretionary $7500/month going forward (please advise)

Compound wrote:Congrats on your very high savings rate -- that's amazing! Out of curiosity, if you don't mind sharing, how much are your typical monthly expenditures?


Typical monthly expenses: about $2400-2500 (rent/utilities makes up close to $1500 of that).
by wanderlust14
Thu Nov 12, 2015 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

Re: What to do with $50K now and discretionary $7500/month going forward (please advise)

Do you see yourself going to school? If so you can start a 529 for yourself. Traveling the world for the next two years will be expensive. Even hitchhiking your way through Europe with nothing but a backpack is surprisingly expensive. There are a ton of websites and forums and blogs that tell you h...
by wanderlust14
Wed Nov 11, 2015 11:24 am
Forum: Investing - Help with Personal Investments
Topic: What to do with $50K now and discretionary $7500/month going forward (please advise)
Replies: 25
Views: 4681

What to do with $50K now and discretionary $7500/month going forward (please advise)

Hello! I have been perusing the site for the last few weeks and learning a ton, but this is my first post. I currently have $50K in a high-interest online savings account that I am uncertain what to do with. It was originally ear-marked for a down-payment on a house, however, I am uncertain about ho...

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