Search found 1524 matches

by mcraepat9
Wed Apr 08, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 estimated tax dates
Replies: 24
Views: 1530

Re: 2020 estimated tax dates

IRS expressly stated that Q2 estimated tax payment stays at June 15: https://www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers Q16. The Notice postpones the deadline for first quarter 2020 estimated income tax payments due on April 15, 2020. What about second quarter estimated ...
by mcraepat9
Sun Apr 05, 2020 5:24 pm
Forum: Investing - Theory, News & General
Topic: How do bailouts and chapter 11 bankruptcies affect a company's balance sheet?
Replies: 15
Views: 642

Re: How do bailouts and chapter 11 bankruptcies affect a company's balance sheet?

It seems to be a core element of all this is the fact that the risk of government intervention (and if it occurs, in what form) is “priced in” to stock prices. I am not an expert by any means, but especially when talking about “too big to fail” businesses and industries known to be favored by the go...
by mcraepat9
Sat Apr 04, 2020 6:42 pm
Forum: Personal Consumer Issues
Topic: is a $1000+ herman miller office chair worth the investment?
Replies: 37
Views: 2769

Re: is a $1000+ herman miller office chair worth the investment?

I only use a HM Aeron chair bought used for $250 on craiglist. Best investment of my work from home setup. Just do it.
by mcraepat9
Sun Mar 29, 2020 12:50 am
Forum: Investing - Theory, News & General
Topic: How to invest in IRA after maxing out 401K
Replies: 4
Views: 298

Re: How to invest in IRA after maxing out 401K

I max out my 401K very year, but that's about it. I do not understand the concept of additional IRA contributions ($5500 or $6000K). I am not sure how IRS would know i have contributed to IRA or not? Can anyone point me to some article that explains this in Layman's terms please? https://www.bogleh...
by mcraepat9
Mon Mar 16, 2020 3:56 am
Forum: Personal Consumer Issues
Topic: Inkjet Printers: Refilled and Third Party Cartridges
Replies: 22
Views: 896

Re: Inkjet Printers: Refilled and Third Party Cartridges

Inkproducts.com

Have never had a problem with my Epson WF or my Canon MB printers.
by mcraepat9
Sun Mar 08, 2020 3:18 pm
Forum: Personal Investments
Topic: NYSDCB 457 b & 3 Fund Portfolio
Replies: 8
Views: 308

Re: NYSDCB 457 b & 3 Fund Portfolio

I would use 100% of NYSDCB Equity Index Unitized Account, which looks like it tracks the S&P 500 (a fine proxy for VTSAX). If you really want to get more precise, i would suggest 80% NYSDCB Equity Index Unitized Account and 20% NYSDCB Russell 2500 Index Unitized Account, which should roughly approxi...
by mcraepat9
Sun Mar 08, 2020 3:14 pm
Forum: Personal Investments
Topic: New 401k fund options - ideal 3 fund portfolio
Replies: 7
Views: 341

Re: New 401k fund options - ideal 3 fund portfolio

My company just recently converted to a new 401k administrator and I now have new fund options. My previous funds were mapped over but I would eventually like to simplify and select for a good 3 or 4 fund portfolio. Have you considered just using the appropriate lifecycle fund? It is pretty cheap a...
by mcraepat9
Sun Mar 08, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: 3K Tax Liability (Advice)
Replies: 11
Views: 551

Re: 3K Tax Liability (Advice)

Sadly, other than IRA, solo 401k, HSA contributions (which presumably you've either done or looked into and determined you could not do) that are permitted to apply to tax year 2019 during the "gap period" (Jan 1, 2020 through your tax return filing deadline for tax year 2019, for most April 15, 202...
by mcraepat9
Fri Mar 06, 2020 4:44 pm
Forum: Personal Investments
Topic: Inherited 401k unknown to me until 7 years later...
Replies: 33
Views: 4132

Re: Inherited 401k unknown to me until 7 years later...

David3000 wrote:
Fri Mar 06, 2020 4:14 pm
Excellent, thanks for that article.

Yes, I was wary of some sort of phishing, so I made sure to call them. I also talked to T. Rowe Price on the phone and they were able to confirm that they transferred the funds to Fidelity on 12/31/2020.
? Time travel?
by mcraepat9
Fri Mar 06, 2020 12:11 am
Forum: Personal Investments
Topic: Newbie here: Please help me with 401k math
Replies: 24
Views: 1113

Re: Newbie here: Please help me with 401k math

wkimdds wrote:
Thu Mar 05, 2020 4:56 pm
Are you a first year associate at Law Firm? Seems like a starting salary for tier 1 firms.
Starting salary in NYC biglaw is $190k now
by mcraepat9
Thu Mar 05, 2020 10:43 pm
Forum: Investing - Theory, News & General
Topic: Insurance Insolvency from Coronavirus
Replies: 18
Views: 1644

Re: Insurance Insolvency from Coronavirus

This should be covered by the large reinsurance market. Not worried about this at all.
by mcraepat9
Thu Mar 05, 2020 10:15 pm
Forum: Personal Investments
Topic: Roth IRA for 18 year old
Replies: 5
Views: 375

Re: Roth IRA for 18 year old

I would call Fidelity. They have a weird habit of closing IRAs due to some weird things (lack of funding within a certain number of days, attached to parent account when minor becomes an adult etc.)
by mcraepat9
Thu Mar 05, 2020 10:06 pm
Forum: Personal Investments
Topic: Roth IRA for 18 year old
Replies: 5
Views: 375

Re: Roth IRA for 18 year old

The following site states in certain states an 18 year old opening a roth IRA must have an "adult custodian" but where can I find the rules by state? https://www.nerdwallet.com/blog/investing/why-your-kid-needs-a-roth-ira/ That statement is not correct. Any 18 year old can open an IRA with any inst...
by mcraepat9
Thu Mar 05, 2020 11:27 am
Forum: Personal Investments
Topic: Allocating Funds for Optimum Tax Strategy
Replies: 7
Views: 365

Re: Allocating Funds for Optimum Tax Strategy

Please roll your existing tIRAs into your respective 401ks if you can and then start this process. That is step 1 and a no-brainer if the plans let you do it.
by mcraepat9
Tue Mar 03, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Should wife get LLC or sole proprietorship?
Replies: 7
Views: 458

Re: Should wife get LLC or sole proprietorship?

For a business like this, a sole proprietorship makes the most sense. LLC makes sense when the business is frequently entering into contracts and the individual does not want to be personally responsible for amounts due under those contracts. An LLC will likely not shield your wife from tort suits c...
by mcraepat9
Sat Feb 22, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Retirement planning tips/thoughts for married couples
Replies: 12
Views: 1436

Re: Retirement planning tips/thoughts for married couples

For many married couples, we are talking about many years in the future. For all we know Medicare won’t be there either. For others, we are talking about the short term. So assuming the status quo exists as it is makes the most sense. For now, we can only make decisions based on the status quo, whic...
by mcraepat9
Sun Feb 16, 2020 9:00 pm
Forum: Personal Investments
Topic: Help Me Break My Love Affair With Fidelity Low Priced Stock
Replies: 93
Views: 12837

Re: Help Me Break My Love Affair With Fidelity Low Priced Stock

- sell if the fund manager retires -that seems to be an iron lesson of these sorts of situations (Peter Lynch, Anthony Bolton etc.) For sure - they must be paying Tillinghast a fortune to run that fund. Lets see, .068 x $40B = (drum roll) .. $272,000,000/year! I'd guess they're paying Tillinghast n...
by mcraepat9
Sun Feb 09, 2020 12:57 am
Forum: Personal Investments
Topic: TLH on individual stock
Replies: 9
Views: 675

Re: TLH on individual stock

Yes, you can buy another stock immediately. You just can't buy something that's "substantially similar" within 30 days. But if you're selling an individual stock to buy some other stock, or an ETF, that's not substantially similar. You can’t buy a security that is “substantially identical ”. It is ...
by mcraepat9
Sat Feb 01, 2020 4:44 pm
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 6926

Re: My Sis is going to Ray James, is this fee right?

Thanks for the great replies. I'm quite close to my sis, but we don't talk money matters often. I helped get her started with Vanguard 20 years ago with a lump sum she had. Unfortunately the sum evaporated over time. She's just the kind of person that can't keep a dollar in her pocket. She's smart,...
by mcraepat9
Sat Feb 01, 2020 1:44 pm
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 6926

Re: My Sis is going to Ray James, is this fee right?

I gotta ask - how does BIL know his guy at RJ has been doing well for him? Is he beating his benchmarks?
by mcraepat9
Thu Jan 23, 2020 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for i401k
Replies: 6
Views: 333

Re: Questions for i401k

terran wrote:
Thu Jan 23, 2020 10:42 pm
DSInvestor wrote:
Thu Jan 23, 2020 10:18 pm
Unfortunately, it's too late to set up a solo 401k to defer 2019 income as the solo 401k plan must have been established by 12/31/2019.
Did the recent SECURE Act change that, or only for 2020 and beyond?
SECURE act had no impact on this provision.
by mcraepat9
Wed Jan 22, 2020 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to dispute inaccuracy in share prices
Replies: 15
Views: 1242

Re: How to dispute inaccuracy in share prices

Does it matter though? If you sell the stock, surely you have the info to demonstrate the proper basis. It's a glitch but not one that would keep me up nights.
by mcraepat9
Wed Jan 22, 2020 12:00 am
Forum: Personal Investments
Topic: Replicate VTSAX with company 401k options?
Replies: 9
Views: 580

Re: Replicate VTSAX with company 401k options?

VIIIX and move on.
by mcraepat9
Mon Jan 20, 2020 10:04 pm
Forum: Personal Investments
Topic: Analysis Paralysis on International in Taxable
Replies: 21
Views: 1359

Re: Analysis Paralysis on International in Taxable

Hello BH! I have some funds sitting in a MM (roughly 80k from a windfall) at Vanguard that I'd like to deploy in international in order to diversify my portfolio. I am currently 100% US equities, and while the current run-up in the US market has been fantastic for my portfolio so far, I recognize t...
by mcraepat9
Mon Jan 20, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: solo 401k eligibility?
Replies: 8
Views: 533

Re: solo 401k eligibility?

This is one of those classic threads where Spirit Rider comes in and sets everyone straight. I am not an expert. However, if you never have a single dollar of self-employment income, I have to think that the IRS will approach this the way ThePrune notes above. If you do have self-employment income f...
by mcraepat9
Mon Jan 20, 2020 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: to pre-nup or not?
Replies: 133
Views: 11921

Re: to pre-nup or not?

Not commingling is hard - 1. How do you avoid commingling your 401k? 2. What about paying taxes on your separate investments? A 401k is held only in one person's name. Even without a prenup, OP needs to download a statement from his 401k the day before he gets married, stash it somewhere where she ...
by mcraepat9
Mon Jan 20, 2020 4:50 pm
Forum: Personal Investments
Topic: Vanguard Total Market ETFs - no govt securities?
Replies: 6
Views: 480

Re: Vanguard Total Market ETFs - no govt securities?

Hi there - I'm sorry if this is a stupid question, but I'm confused, and couldn't seem to find an answer to this question. I recently got an email from Vanguard saying that one can put together a balanced portfolio using only 4 Vanguard ETFs: VTI (Total Stock Market Index); VXUS (Total Internationa...
by mcraepat9
Mon Jan 20, 2020 4:39 pm
Forum: Personal Investments
Topic: Rollover IRA to 401K
Replies: 2
Views: 140

Re: Rollover IRA to 401K

Yes you can - if you need to use backdoor Roth IRAs, then it is usually advisable to do what you are proposing. The one thing to think about here is whether your new 401k has adequate low-cost investment options. As long as it does, this type of rollover is usually a no-brainer. No issues from the I...
by mcraepat9
Mon Jan 20, 2020 11:09 am
Forum: Personal Finance (Not Investing)
Topic: to pre-nup or not?
Replies: 133
Views: 11921

Re: to pre-nup or not?

Not commingling is hard -

1. How do you avoid commingling your 401k?
2. What about paying taxes on your separate investments?
by mcraepat9
Fri Jan 17, 2020 11:57 am
Forum: Personal Investments
Topic: How to optimize tax advantaged and tax deferred accounts?
Replies: 12
Views: 1063

Re: How to optimize tax advantaged and tax deferred accounts?

I’m maximizing Roth options right now because my taxes are lower now then they will be later. I’m a military healthcare provider with no state tax. My taxable income is relatively lower now than it will be in 5-30 years from now. Once I leave government service my taxable income will go significant...
by mcraepat9
Thu Jan 16, 2020 9:55 pm
Forum: Personal Investments
Topic: How to optimize tax advantaged and tax deferred accounts?
Replies: 12
Views: 1063

Re: How to optimize tax advantaged and tax deferred accounts?

I’m not fully understanding the reason for using a Roth 401k here. You have no pension coming to you. You think you’ll have a higher marginal tax rate in retirement ? Why?
by mcraepat9
Thu Jan 16, 2020 12:22 pm
Forum: Investing - Theory, News & General
Topic: Why Not Front Load 401k Instead of DCA?
Replies: 18
Views: 936

Re: Why Not Front Load 401k Instead of DCA?

Even ignoring the match implications, I just find the DCA method easier from a liquidity and cash flow perspective. It requires less maintenance and attention from me. My goal is to automate as much as possible and avoid my intervention or supervision.
by mcraepat9
Wed Jan 15, 2020 4:10 pm
Forum: Personal Investments
Topic: Invest in 1 Vanguard Fund - VIGAX -- Is it wrong ?
Replies: 18
Views: 2133

Re: Invest in 1 Vanguard Fund - VIGAX -- Is it wrong ?

Choosing VIGAX because it has better recent performance is a classic mistake - most of large growth's outperformance over the last few years has been attributable to Apple, Google, Facebook and Amazon. You'd be buying high and hoping it goes even higher.
by mcraepat9
Fri Jan 10, 2020 1:45 pm
Forum: Personal Investments
Topic: Middle way between DCA and Lumpsum?
Replies: 5
Views: 478

Re: Middle way between DCA and Lumpsum?

Sure seems fine. To me DCA is really code for “something other than immediate lump sum” - likely not to be ideal but life is more than numbers on a computer screen. Go for it
by mcraepat9
Fri Jan 10, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Traditional PPO vs. HSA/HDHP
Replies: 19
Views: 766

Re: Traditional PPO vs. HSA/HDHP

Hi All I was hoping for some help understanding my optimal option for comparing a PPO to an HDHP w/ HSA. I am single (though will be married in September of 2020), Age 35. Generally good health. Marginal tax = 32% State tax = 5.25% HDHP Option: Total annual cost deducted from my paychecks = $655.68...
by mcraepat9
Fri Jan 10, 2020 11:31 am
Forum: Personal Investments
Topic: The Best 3 Fund Portfolio - HELP
Replies: 6
Views: 964

Re: The Best 3 Fund Portfolio - HELP

There would be no point in making the change you suggest. Your portfolio returns would be nearly identical assuming you had the same breakdown of your investments among the 3 funds. VTI/VTSAX already includes all the stocks in VOO/SPY, so there’s no reason to add that fund. I would stick with what y...
by mcraepat9
Thu Jan 09, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Customer service representative request for last name
Replies: 23
Views: 1789

Re: Customer service representative request for last name

Just get their employee ID number. Gives you all you need to keep detailed records.

If I were a CSR, I would refuse to give you my last name too.
by mcraepat9
Sat Jan 04, 2020 4:58 pm
Forum: Personal Investments
Topic: Utah529 or NV 529- fund selection question
Replies: 7
Views: 472

Re: Utah529 or NV 529- fund selection question

core4portfolio wrote:
Sat Jan 04, 2020 4:53 pm
Utah has higher expenses than both - biggest feature Utah has is DFA funds (which you don’t seem interested in).

I wouldn’t worry too much about what 529 plans Boneheads use.
Whats advantage of DFA funds over VTSAX ?
DFA = value tilted funds. VTSAX = market cap weight fund
by mcraepat9
Sat Jan 04, 2020 4:57 pm
Forum: Personal Investments
Topic: Utah529 or NV 529- fund selection question
Replies: 7
Views: 472

Re: Utah529 or NV 529- fund selection question

Total Stock: ER=0.15% https://investor.vanguard.com/529-plan/profile/4514 Total Bond: ER = 0.20% https://investor.vanguard.com/529-plan/profile/4522 70/30 Weighted ER: 0.165 % Do I need to open 2 account for each funds in 529 ? You open up one account per kid you have, not the number of investments
by mcraepat9
Fri Jan 03, 2020 11:12 pm
Forum: Personal Investments
Topic: First post -- asset allocation with value tilt
Replies: 24
Views: 1002

Re: First post -- asset allocation with value tilt

Rebalancing bonus re international makes sense on paper, but in practice it requires significant attention and diligence. Most people I know who sliced and diced like this over the past 10 years gave it up after a few years (myself included). I would consolidate it - live your life Thanks for the a...
by mcraepat9
Fri Jan 03, 2020 11:11 pm
Forum: Personal Investments
Topic: Roth IRA Income Limit (Single)
Replies: 9
Views: 625

Re: Roth IRA Income Limit (Single)

Wow!! Do you have any tips of what action I should take? I had it all under control but the company gave me a 4K bonus last minute (literally today) which I was not expecting. If you were paid today, wouldn’t that be 2020 income ? Either way, I would start doing backdoor Roth IRA contributions rath...
by mcraepat9
Fri Jan 03, 2020 2:06 am
Forum: Personal Investments
Topic: Adding REIT and Int'l Bonds to AA - best way to transition?
Replies: 35
Views: 1909

Re: Adding REIT and Int'l Bonds to AA - best way to transition?

If you can sell any of your equities without incurring capital gains, then do that. Otherwise, use new money.

Hopefully you aren’t investing in REITs in your taxable account
by mcraepat9
Fri Jan 03, 2020 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k question...need help from CPA
Replies: 4
Views: 380

Re: Solo 401k question...need help from CPA

Aren’t you forgetting to reduce the net profit by the deductible portion of your self employment taxes?

https://www.irs.gov/retirement-plans/se ... -deduction
by mcraepat9
Fri Jan 03, 2020 1:33 am
Forum: Personal Investments
Topic: Utah529 or NV 529- fund selection question
Replies: 7
Views: 472

Re: Utah529 or NV 529- fund selection question

For the First time I have some money left out after I fill the Roth, retirement accounts and emergency funds. I want to open 529 for my 4 year old kid and currently resident of WA. I prefer to have 70% Total US Stock market and 30% on Total Bond market allocation until 2030. I plan to do monthly 1k...
by mcraepat9
Fri Jan 03, 2020 12:55 am
Forum: Personal Investments
Topic: Backdoor Roth: Questioning Traditional Advice on Step #1
Replies: 20
Views: 1342

Re: Backdoor Roth: Questioning Traditional Advice on Step #1

This is an absurd thread. We are talking about a few days max of market exposure. There are probably a dozen ways to improve your financial infrastructure with a better ROI than this. It’s also for educational reasons, improving the wiki, etc. No need to be crass. There is no intent to be crass. I ...