Search found 48 matches

by kitkatnyc
Sat Jan 13, 2018 1:12 pm
Forum: Personal Investments
Topic: Frontloading retirement accounts?
Replies: 8
Views: 1115

Re: Frontloading retirement accounts?

Front load if you can. Most participants in employer provided plans simply do not have the liquidity to front load contributions. As noted, when markets are rising front loading can reap the benefits, when markets are declining, front loading will feel the effects. However, retirement accounts are ...
by kitkatnyc
Sat Jan 13, 2018 1:10 pm
Forum: Personal Investments
Topic: Frontloading retirement accounts?
Replies: 8
Views: 1115

Re: Frontloading retirement accounts?

Vanguard found that the earlier you contribute in the year, the better: https://investornews.vanguard/delaying-ira-contributions-until-april-can-cost-you/ Frontloading the 401k in 2009 was a great move. In 2008, not so much... so like dollar cost averaging over months, you have to accept that some ...
by kitkatnyc
Sat Jan 13, 2018 1:09 pm
Forum: Personal Investments
Topic: Frontloading retirement accounts?
Replies: 8
Views: 1115

Re: Frontloading retirement accounts?

Have you seen the threads about getting your 2018 IRA topped of on Jan. 2? In general, time in market is the most important factor. What if the the correction doesn't come until 2020? Thanks! I tried searching but I guess I should have just looked at the front page of the forum (or used better sear...
by kitkatnyc
Sat Jan 13, 2018 12:45 pm
Forum: Personal Investments
Topic: Frontloading retirement accounts?
Replies: 8
Views: 1115

Frontloading retirement accounts?

Hey all, Just found out that I'm allowed to contribute 100% (minus taxes and health insurance, etc) of my paycheck to my 403b. DH and I would be fine living off his salary, and I get an automatic contribution from my employer (i.e. no match). It seems like a no-brainer to me. The only thing I'm cons...
by kitkatnyc
Mon Nov 14, 2016 11:29 am
Forum: Personal Investments
Topic: choosing new 401k investments
Replies: 9
Views: 1882

Re: choosing new 401k investments

Sorry for all the radio silence. Things are crazy right now. I have already begun working on some suggestions in case they're helpful, but I need clarification on a few points: 1. Please separate the TSP amounts into "Hers" and "His". 2. Please indicate on the table/list of investments which accoun...
by kitkatnyc
Thu Nov 03, 2016 9:40 am
Forum: Personal Investments
Topic: choosing new 401k investments
Replies: 9
Views: 1882

Re: choosing new 401k investments

added info to my original post about our overall investments.
by kitkatnyc
Wed Nov 02, 2016 11:32 am
Forum: Personal Investments
Topic: choosing new 401k investments
Replies: 9
Views: 1882

Re: choosing new 401k investments

pingo, you are correct that i'm allocating assets across accounts. i didn't do the whole portfolio information in my first post because i felt like it was otherwise well set-up and if there was an easy swap it would be a simple answer, but if it would help i can add it to my original post. i wanted ...
by kitkatnyc
Wed Nov 02, 2016 10:40 am
Forum: Personal Investments
Topic: choosing new 401k investments
Replies: 9
Views: 1882

choosing new 401k investments

My employer just changed providers for our 401k, which means we have to choose new investments. Unfortunately, that means VTSAX is no longer available. My only Vanguard choices are: VIMAX: Vanguard Mid Cap Index Admiral, mid-cap blend, 0.08 ER VSMAX: Vanguard Small Cap Index Admiral, small blend, 0....
by kitkatnyc
Thu Feb 11, 2016 12:36 pm
Forum: Personal Investments
Topic: question about Roth recharacterizations
Replies: 6
Views: 688

Re: question about Roth recharacterizations

I'm asking under what circumstances would you recharacterize it back to a tIRA? There are two. I did a partial tIRA to Roth conversion in 2015. I wanted to convert enough to fill the 15% tax bracket. I projected our income to determine the amount to convert with an extra cushion. I am waiting for a...
by kitkatnyc
Thu Feb 11, 2016 11:06 am
Forum: Personal Investments
Topic: question about Roth recharacterizations
Replies: 6
Views: 688

Re: question about Roth recharacterizations

You can only put after tax funds into a Roth regardless if you are making a direct or backdoor contribution. If you make a non deductible contribution to a tIRA then those funds can be moved to a Roth IRA. If there are any pretax funds in the tIRA (earnings, previous deductible contributions, roll ...
by kitkatnyc
Wed Feb 10, 2016 5:45 pm
Forum: Personal Investments
Topic: question about Roth recharacterizations
Replies: 6
Views: 688

question about Roth recharacterizations

I have a question about Roth recharacterization. Is that only a useful tool if you gained money in a tIRA prior to converting to Roth? For example, I opened a tIRA, put in $5500, a few days later converted it into a backdoor Roth, and so there was no gain (i.e. nothing taxable). I assume that even i...
by kitkatnyc
Wed Feb 10, 2016 4:59 pm
Forum: Personal Investments
Topic: tax loss harvesting - is it that simple in my situation?
Replies: 16
Views: 1625

Re: tax loss harvesting - is it that simple in my situation?

What tax bracket are you in? If it is 15%, your CGs are at 0% so perhaps there is less value in TLH. If higher, then off-setting 25% or higher tax of ordinary income up to $3k, or possibly off-setting Capital Gains at the 15% rate might make it more appealing. We are in the 33% bracket, so even mor...
by kitkatnyc
Thu Jan 21, 2016 12:08 pm
Forum: Personal Investments
Topic: tax loss harvesting - is it that simple in my situation?
Replies: 16
Views: 1625

Re: tax loss harvesting - is it that simple in my situation?

What tax bracket are you in? If it is 15%, your CGs are at 0% so perhaps there is less value in TLH. If higher, then off-setting 25% or higher tax of ordinary income up to $3k, or possibly off-setting Capital Gains at the 15% rate might make it more appealing. We are in the 33% bracket, so even mor...
by kitkatnyc
Thu Jan 21, 2016 10:52 am
Forum: Personal Investments
Topic: tax loss harvesting - is it that simple in my situation?
Replies: 16
Views: 1625

Re: tax loss harvesting - is it that simple in my situation?

so, complicating things (maybe?) - i just read this: https://personal.vanguard.com/pdf/s802.pdf which says i really should only be TLH-ing to offset gains. i have no gains in taxable accounts. is it still worth doing? and as a larger question, even if i had gains elsewhere but didn't plan on selling...
by kitkatnyc
Wed Jan 20, 2016 10:41 am
Forum: Personal Investments
Topic: tax loss harvesting - is it that simple in my situation?
Replies: 16
Views: 1625

Re: tax loss harvesting - is it that simple in my situation?

"Complicated" is in the eyes of the beholder. I don't think it matters much about whether one automatically reinvests dividends or not. I would not do it because you can use the dividend to buy the product that is doing worse in an act of defiance rebalancing. Just to make sure I understand - you s...
by kitkatnyc
Wed Jan 20, 2016 10:06 am
Forum: Personal Investments
Topic: tax loss harvesting - is it that simple in my situation?
Replies: 16
Views: 1625

Re: tax loss harvesting - is it that simple in my situation?

"Complicated" is in the eyes of the beholder. I don't think it matters much about whether one automatically reinvests dividends or not. I would not do it because you can use the dividend to buy the product that is doing worse in an act of defiance rebalancing. Just to make sure I understand - you s...
by kitkatnyc
Wed Jan 20, 2016 9:50 am
Forum: Personal Investments
Topic: tax loss harvesting - is it that simple in my situation?
Replies: 16
Views: 1625

Re: tax loss harvesting - is it that simple in my situation?

Today: turn your account from average cost to specific id. Turn dividends to send them to your money market or settlement fund (just not reinvestment). Wait one day for these changes to set, then you're good to go. If you exchange your whole chunk of each fund in the tlh, you won't need to worry ab...
by kitkatnyc
Tue Jan 19, 2016 7:47 pm
Forum: Personal Investments
Topic: tax loss harvesting - is it that simple in my situation?
Replies: 16
Views: 1625

tax loss harvesting - is it that simple in my situation?

Hi all, Upon the advice of this board (and my own research of course), I took about 92K and put it into a Vanguard brokerage account at the end of October, split roughly evenly between VTIAX and VTSAX. I was feeling quite smug about figuring out smart, low cost index funds until a few days ago when ...
by kitkatnyc
Tue Oct 13, 2015 9:19 pm
Forum: Investing - Theory, News & General
Topic: Spreadsheet for rebalancing via [contributions]
Replies: 13
Views: 2182

Re: Spreadsheet for rebalancing via [contributions]

If he doesn't want to sell, you'll have to add more to rebalance. The only way to do it that I can see is to keep VIGAX as the one set point in the portfolio. 18,000 in VIGAX has to be 15% of the portfolio - which means the total portfolio has to be 120,000. So you can add from there and recalculate...
by kitkatnyc
Tue Oct 13, 2015 4:10 pm
Forum: Investing - Theory, News & General
Topic: How/where have you learned the most?
Replies: 28
Views: 3270

How/where have you learned the most?

Hi all - There are a lot of really knowledgeable people here, and I started wondering how all of you became so smart about the financial world. I'm very, very new to this (pretty much planning to write down all the ideas I get here and then do them, immediately) - but so far I've found basic introdu...
by kitkatnyc
Fri Oct 09, 2015 9:11 pm
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

I should have been a bit more clear about the mortgage, I just didn't think it would factor in so much! :) It's actually a property we own in another city and are currently renting out (and making a $200/month profit/cushion for something breaking!) we used to live there and didn't intend to become ...
by kitkatnyc
Fri Oct 09, 2015 8:08 am
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

thanks again trueblueky and ruralavalon for your help! i will put the bonds in my TSP then as you originally suggested.
by kitkatnyc
Thu Oct 08, 2015 2:06 pm
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

as i get more into this, i have another question, about bonds. ruralavalon suggested that i put the bonds in my TSP (government 401k), which i understand from tax placements; but i'm wondering if it would make more sense to put a tax-exempt municipal bond in my taxable account and then take advantag...
by kitkatnyc
Mon Oct 05, 2015 9:41 pm
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

Schwab MarketTrack Balanced (SWBGX) ER 0.65% has a high expense ratio, instead use a low ER index fund. In your taxable account what is the capital gain/loss status on Schwab MarketTrack Balanced (SWBGX) ER 0.65%? . . . . . If you have any additional questions just ask. I hope that this helps. than...
by kitkatnyc
Mon Oct 05, 2015 7:54 pm
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

Schwab MarketTrack Balanced (SWBGX) ER 0.65% has a high expense ratio, instead use a low ER index fund. In your taxable account what is the capital gain/loss status on Schwab MarketTrack Balanced (SWBGX) ER 0.65%? . . . . . If you have any additional questions just ask. I hope that this helps. than...
by kitkatnyc
Mon Oct 05, 2015 5:59 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Re: Questions about backdoor Roth

kitkatnyc, In your other thread you said you were in the 33% bracket. If so, it makes no sense to convert any of your TIRA money to a Roth unless you have a very high percentage of non-deductible basis. "Converting in bits" is not the way to go. JW it's all from an employer 401k, so i guess it's al...
by kitkatnyc
Mon Oct 05, 2015 5:18 pm
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

27 years to retirement ages 39 and 37 married filing jointly 33% tax bracket NY state tax/NYC tax preferences: moderately aggressive - 70/30 have six months expenses in an emergency fund (which is a horrifyingly low interest savings account, but what can you do). current debt: ~$33K in student loan...
by kitkatnyc
Mon Oct 05, 2015 5:11 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Re: Questions about backdoor Roth

this account is 100% former 401k money that was all pre-tax from a former employer, probably a mix of deductible and non-deductible, if that matters. It matters because that is not possible. If the money is pre-tax, it was deducted. If it was not deducted, it is not pre-tax. so i'm assuming this me...
by kitkatnyc
Mon Oct 05, 2015 5:07 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Re: Questions about backdoor Roth

kitkatnyc, In your other thread you said you were in the 33% bracket. If so, it makes no sense to convert any of your TIRA money to a Roth unless you have a very high percentage of non-deductible basis. "Converting in bits" is not the way to go. JW it's all from an employer 401k, so i guess it's al...
by kitkatnyc
Mon Oct 05, 2015 5:05 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Re: Questions about backdoor Roth

this account is 100% former 401k money that was all pre-tax from a former employer, probably a mix of deductible and non-deductible, if that matters. and then the gains on that investment. What do you mean by "a mix of deductible and non-deductible"? If the 401k was all pre-tax that means deductibl...
by kitkatnyc
Mon Oct 05, 2015 4:00 pm
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

I may add more later when I have time to read over your post in more detail, but: have six months expenses in an emergency fund (which is a horrifyingly low interest savings account, but what can you do). You can put it in a less horrifyingly low interest savings account? You can open an Ally accou...
by kitkatnyc
Mon Oct 05, 2015 3:41 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Re: Questions about backdoor Roth

so i'm a bit confused about that - if he converts, say, $10K this year - because he still has the $80K left in the TIRA, wouldn't that be hardly any tax benefit because of the pro-rata rule? Pro-rating only happens if there is some basis (already taxed money) in the tIRA. If there is no basis, you ...
by kitkatnyc
Mon Oct 05, 2015 3:31 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Re: Questions about backdoor Roth

he has an account that's nearly $90K that would be nice to convert, but i don't love the idea of paying all those taxes on it... need to figure out how to calculate whether it's worth it in the long run. It would not be worth it to me. If you are in the 15% tax bracket, it would be good to convert ...
by kitkatnyc
Mon Oct 05, 2015 3:12 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Re: Questions about backdoor Roth

he has an account that's nearly $90K that would be nice to convert, but i don't love the idea of paying all those taxes on it... need to figure out how to calculate whether it's worth it in the long run. If he does decide to convert the $90K (and it may not be a fiscally prudent idea) he doesn't ha...
by kitkatnyc
Mon Oct 05, 2015 2:56 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Re: Questions about backdoor Roth

if i put in $5500 from savings, do i only get taxed on whatever capital gains i have while the money is in a TIRA? or does that 5500 get added to my "income" for taxes that year? or both? i've already been taxed on it through my paycheck, so it seems to me that it shouldn't be taxed again, but… If ...
by kitkatnyc
Mon Oct 05, 2015 2:13 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Re: Questions about backdoor Roth

ok - I have another question (not sure if it will get spotted here or not, but thought i'd try before posting separately) i feel like i've seen conflicting guidance on what will get taxed in a conversion. if i put in $5500 from savings, do i only get taxed on whatever capital gains i have while the ...
by kitkatnyc
Mon Oct 05, 2015 1:47 pm
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

Why wouldn't you pay off the student loan debt and then invest the rest? my thinking is that it's at such a low rate (4.5%) that it would be smarter to invest, since i should (theoretically) do better than a 4.5% return. i've seen advice a number of times along these lines. do you think that's not ...
by kitkatnyc
Mon Oct 05, 2015 12:41 pm
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

stats: 27 years to retirement 33% tax bracket NY state tax/NYC tax preferences: moderately aggressive - 70/30 current holdings: Both: $180K in TSP (government 401k), split between I, S, and C funds. Hers: $34K in Roth IRA with Schwab: 55% large cap (SWTSX), 21% small cap (SWSSX), 20% international ...
by kitkatnyc
Mon Oct 05, 2015 11:42 am
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

ruralavalon wrote:A little more information would be helpful.
sure, will do. thanks in advance for taking a look.
by kitkatnyc
Mon Oct 05, 2015 10:47 am
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

Re: first real investment in taxable account - looking for advice

first, thanks for the advice Mike - very much appreciated. If you start out with the wrong placement, it won't matter right now, but in 20 years when there is significant money placed wrong it will start to have a major impact. So it is better to correct any problems while they are small, before the...
by kitkatnyc
Mon Oct 05, 2015 9:50 am
Forum: Personal Consumer Issues
Topic: Wedding gifts
Replies: 25
Views: 4634

Re: Wedding gifts

newlywed here too. i agree with everyone who said cash for the couple that already has household items. even if they have a registry and there are items on there they want (maybe upgrades to what they currently have), the couple can use the cash to buy them. or put towards honeymoon or something els...
by kitkatnyc
Sat Oct 03, 2015 11:42 am
Forum: Personal Investments
Topic: Money losing Roth recharacterization
Replies: 13
Views: 1397

Re: Money losing Roth recharacterization

hi - newbie investor here, so sorry for the dumb question - but why would it be a bad year for Roth, rather than a regular TIRA? Because if you convert and the asset decreases in value, when you pay taxes the following year, they based on the value at time of conversion. So if I convert $10K of XYZ...
by kitkatnyc
Sat Oct 03, 2015 11:22 am
Forum: Personal Investments
Topic: Money losing Roth recharacterization
Replies: 13
Views: 1397

Re: Money losing Roth recharacterization

hi - newbie investor here, so sorry for the dumb question - but why would it be a bad year for Roth, rather than a regular TIRA?
by kitkatnyc
Sat Oct 03, 2015 11:21 am
Forum: Personal Investments
Topic: first real investment in taxable account - looking for advice
Replies: 29
Views: 3085

first real investment in taxable account - looking for advice

hi all - new-ish investor here. my husband and i have $100K currently rotting away in savings, and i'm trying to figure out what to do with it. (it was initially going to be a house downpayment so it needed to stay liquid, but for various reasons we've decided we're not buying anytime soon.) we want...
by kitkatnyc
Sat Oct 03, 2015 10:13 am
Forum: Personal Investments
Topic: Best way to invest in SWPPX - Non Retirement Account
Replies: 5
Views: 952

Re: Best way to invest in SWPPX - Non Retirement Account

just checked (i was in my schwab account anyway :D ) and it's a schwab one source fund, which means you can automatically invest each month with no load and no fees. super easy.
by kitkatnyc
Sat Oct 03, 2015 10:02 am
Forum: Personal Investments
Topic: Best way to invest in SWPPX - Non Retirement Account
Replies: 5
Views: 952

Re: Best way to invest in SWPPX - Non Retirement Account

i'm considering buying that myself. looks like a great fund. is there any reason you wouldn't just open an account at schwab to do it? if you do it there, there's no transaction fee.
by kitkatnyc
Thu Oct 01, 2015 3:14 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Re: Questions about backdoor Roth

Thanks for the welcome, Duckie! And for the helpful answers.

And thanks also for chiming in, Mike.
by kitkatnyc
Wed Sep 30, 2015 2:04 pm
Forum: Personal Investments
Topic: Questions about backdoor Roth
Replies: 23
Views: 1412

Questions about backdoor Roth

Hi all - This is my first post here! I'm a beginning investor - up until a month ago pretty passive but now I'm getting very interested in actively managing my own finances. There is so much information out there it's a bit overwhelming, but sites like this help. So, thanks in advance. I have a coup...