Search found 185 matches

by UpsetRaptor
Wed Sep 19, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 205
Views: 13466

Re: What is your single most expensive mistake?

For all of you who are I assume in index funds now saying selling AAPL, NFLX, or whatever other individual stock that took off, is that really a mistake? By that logic, couldn't not-buying yesterday's winning lottery ticket be considered a mistake?

Edward Jones, for me
by UpsetRaptor
Fri Sep 14, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: High employer contribution, still max 403b before taxable?
Replies: 30
Views: 1325

Re: High employer contribution, still max 403b before taxable?

Unless you need the liquidity of a taxable account for something in particular you're saving for (e.g. house down payment), yes it's a no-brainer, max out tax-advantaged space first before taxable. Are you 100% sure you can't roll your tIRA into your 403b, to make room for backdoor Roth? Usually on...
by UpsetRaptor
Fri Sep 14, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: High employer contribution, still max 403b before taxable?
Replies: 30
Views: 1325

Re: High employer contribution, still max 403b before taxable?

Unless you need the liquidity of a taxable account for something in particular you're saving for (e.g. house down payment), yes it's a no-brainer, max out tax-advantaged space first before taxable. Are you 100% sure you can't roll your tIRA into your 403b, to make room for backdoor Roth? Usually on...
by UpsetRaptor
Fri Sep 14, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: High employer contribution, still max 403b before taxable?
Replies: 30
Views: 1325

Re: High employer contribution, still max 403b before taxable?

Unless you need the liquidity of a taxable account for something in particular you're saving for (e.g. house down payment), yes it's a no-brainer, max out tax-advantaged space first before taxable. Are you 100% sure you can't roll your tIRA into your 403b, to make room for backdoor Roth? Usually one...
by UpsetRaptor
Wed Sep 12, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: 401K vs Taxable Brokerage Account
Replies: 17
Views: 1286

Re: 401K vs Taxable Brokerage Account

dskillz1 wrote:
Tue Sep 11, 2018 4:27 pm
If I invested $18500 in the same mutual fund in both a taxable account and a 401K
You already made a math error. See it? (Hint: What's your marginal tax rate?)
by UpsetRaptor
Wed Sep 12, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: The Atlantic: 'Why is College In America So Expensive?'
Replies: 27
Views: 2566

Re: The Atlantic: 'Why is College In America So Expensive?'

As long as there's enough people in America with enough money who are willing to pay for it, it'll keep getting more expensive.
by UpsetRaptor
Mon Sep 10, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 4499

Re: How much do bogleheads save in 529?

I would only put money in a 529 plan if you run out of retirement space (IRA, Roth and 401k taxable and aftertax). Some folks in the public sector have a very large amount of tax-advantaged space. My family could contribute almost 90% of our gross annual income to tax-advantaged accounts. For those...
by UpsetRaptor
Sat Sep 08, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Careers - From IT to Police Officer
Replies: 23
Views: 2306

Re: Switching Careers - From IT to Police Officer

I know several cops, including family, and many IT personnel through employment. From my observations, I see a lot more burnout and lack of morale in the former right now. A lot of it is due to the current socio-political climate, as it relates to law enforcement. To expound upon that would probably...
by UpsetRaptor
Sat Sep 08, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Could One Work For Edward Jones and Put Clients in Boglehead Portfolios?
Replies: 34
Views: 4224

Re: Could One Work For Edward Jones and Put Clients in Boglehead Portfolios?

Op, you may have picked a bad example by throwing EJ into the title. Answer there is a flat No. At EJ, not only do you have to push your clients into the high fee model, your money is forced to go down that hole too, as well as even your spouse's: https://www.bogleheads.org/forum/viewtopic.php?t=234...
by UpsetRaptor
Thu Sep 06, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 3932

Re: Psychology of saving for college vs retirement

Everybody here loves Roth IRAs. Yet if you have QEE ahead of you, then a 529 is basically a Roth IRA plus possibly an extra state tax deduction to boot, for many of us. I really don't get all the hate on them.
by UpsetRaptor
Thu Sep 06, 2018 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9829

Re: Max you should invest in a 529?

Folks, For many of us, our income is low enough and we may not have the job security, Roth IRAs is the perfect answer for college education funding. 11K X 18 years = 198K. This is more than enough. We get tax-free growth and we could use the contribution as the emergency fund. And, it would not aff...
by UpsetRaptor
Wed Sep 05, 2018 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Pay for Medical Costs with HSA or Savings?
Replies: 15
Views: 1033

Re: Pay for Medical Costs with HSA or Savings?

harmoniousmonk wrote:
Wed Sep 05, 2018 7:09 pm
Pay out of pocket if you can.

Also, consider rolling the tIRA into your 401k. Most plans will let you. This would clear out space to open a tIRA for back door Roth IRA conversion without running into pro rata tax implications.
+1
by UpsetRaptor
Wed Sep 05, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9829

Re: Max you should invest in a 529?

I think fear of taxes and obsession with tax avoidance opportunities / tax sheltered accounts tends to bias people's views on 529s a bit. For most folks paying 15% on QDI/LTCG, annual tax drag on US total stock market yield of ~1.8% is 27 bps, or $27/yr for every $10k invested in a taxable account....
by UpsetRaptor
Tue Sep 04, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Which do I pick? Roth 401(k) or Traditional 401(k)?
Replies: 34
Views: 2088

Re: Which do I pick? Roth 401(k) or Traditional 401(k)?

If you're already doing a Roth IRA, then utilizing a Traditional 401k would be a nice way to hedge your bets and preserve flexibility heading into the future. Though I'd recommend the traditional anyways, even if you weren't doing a Roth IRA. Guessing your current fed+state tax rate is something lik...
by UpsetRaptor
Tue Sep 04, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9829

Re: Max you should invest in a 529?

So I don't believe my situation is unusual - My wife and I both work and make under the ROTH IRA limits. We are both over 50 (granted we were not over 50 for most years while contributing to the 529). We both can contribute $24K to 401Ks, $6.5K to ROTH. That's $61K not including any matching money ...
by UpsetRaptor
Tue Sep 04, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9829

Re: Max you should invest in a 529?

I believe this is incorrect. The Tax Cuts and Jobs Act, which was signed into law in December 2017, allows families to use 529 plans to pay for up to $10,000 in tuition expenses at elementary or secondary public, private or parochial schools. This is subject to your state allowing it as well. Only ...
by UpsetRaptor
Tue Sep 04, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9829

Re: Max you should invest in a 529?

So I don't believe my situation is unusual - My wife and I both work and make under the ROTH IRA limits. We are both over 50 (granted we were not over 50 for most years while contributing to the 529). We both can contribute $24K to 401Ks, $6.5K to ROTH. That's $61K not including any matching money ...
by UpsetRaptor
Mon Sep 03, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Trying this again - portfolio advice
Replies: 4
Views: 615

Re: Trying this again - portfolio advice

1) You should look at all of your assets together as one portfolio, and try to hit your desired asset allocation within that portfolio. So if your desired asset allocation is 80/20 stocks/bonds then yes, you need to move lots of money into bonds in your portfolio, regardless of if the market is in a...
by UpsetRaptor
Mon Sep 03, 2018 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: 403b vs Traditional IRA
Replies: 23
Views: 1137

Re: 403b vs Traditional IRA

Thank you all. Yes, teacher. No 403b match. Can't afford to contribute much more than $8K/yr, Less than $8K in it now. https://www.403bcompare.com/products/101#/fees SchoolsFirst Federal Credit Union Product ID: 101 Vendor: Nationwide Life Insurance Company Type: Mutual Fund Annual Cost Details $11...
by UpsetRaptor
Fri Aug 31, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: "Mutual Funds and Securities Lending"
Replies: 32
Views: 1637

Re: "Mutual Funds and Securities Lending"

If a mutual fund has a 0 ER, like Fidelity's two funds now, does it really matter to the individual investor which of their revenue streams is covering those funds' costs? If you wanted to think of it as, say, their credit card business is funding the 0 ER funds operating costs, and ownership is ju...
by UpsetRaptor
Fri Aug 31, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: "Mutual Funds and Securities Lending"
Replies: 32
Views: 1637

Re: "Mutual Funds and Securities Lending"

If a mutual fund has a 0 ER, like Fidelity's two funds now, does it really matter to the individual investor which of their revenue streams is covering those funds' costs? If you wanted to think of it as, say, their credit card business is funding the 0 ER funds operating costs, and ownership is jus...
by UpsetRaptor
Thu Aug 30, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Picking between Roth and Traditional 401k
Replies: 6
Views: 621

Re: Picking between Roth and Traditional 401k

Roth vs Traditional generally comes down to the question of whether your tax rate is going to be higher or lower than the present, when withdrawals are made. Which, unfortunately, is tough to know for certain. They’re both good. Hedging your bets and following PFInterest’s advice of doing a trad 401...
by UpsetRaptor
Thu Aug 30, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Should I move all my bonds to 401K?
Replies: 9
Views: 1044

Re: Should I move all my bonds to 401K?

With those expense ratios, you should keep bonds in Roth, and use the s&P index fund in the 401k. There's often confusion regarding the perceived advantage of keeping higher-earning equities in Roth, in comparison to 401k, with regards to bond placement. If everything else is equal, you account for ...
by UpsetRaptor
Wed Aug 29, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: Just put $100K into TUR. Analysis inside
Replies: 71
Views: 3236

Re: Just put $100K into TUR. Analysis inside

It could bounce back, but it could also turn Venezuela-esque, at least to some degree. You've already got the strongman in charge, totally mismanaging the economy, while blaming everyone else for it. Erdogan's not even letting his central bank raise rates to try to stop the lira's plummet. As someon...
by UpsetRaptor
Tue Aug 28, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 31
Views: 4621

Re: Relative Never Took RMDs on Inherited IRA From 2004

You guys all rock. Here's my updated spreadsheet, which I will include in the letter to the IRS with the penalty waiver request. It still has dummy balances, but I'll post in case it helps out anyone else in a similar situation in the future who may stumble in here, and/or if anyone else notices a d...
by UpsetRaptor
Tue Aug 28, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 31
Views: 4621

Re: Relative Never Took RMDs on Inherited IRA From 2004

Finally getting around to handling this. The financial custodian says historical end-of-year statements from back to 2004 are in the mail. I put in some dummy end-of-year balances into the spreadsheet for now, but I could really use a sanity check on my formula methodology. In particular, I'm not 10...
by UpsetRaptor
Fri Aug 24, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 238
Views: 22488

Re: Vanguard to offer non-Vanguard ETFs commission-free

When this went live the other day, the news was mostly buried beneath the headlines of Fidelity's Zero funds going live and JP Morgan Chase's free trading announcement.

What a great time to be an investor.
by UpsetRaptor
Fri Aug 24, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Zero ER Funds are underperforming their equivalent premium class index funds
Replies: 59
Views: 6954

Re: Fidelity Zero ER Funds are underperforming their equivalent premium class index funds

Spirit Rider wrote:
Wed Aug 22, 2018 7:28 pm
I never commit to anything until it has seasoned for at least a year. Mutual funds, new car models or generations, new computer software or versions, new cell phones or models, potential mates, etc...
OT, but whatcha planning on doing for tax software in a few months. :P
by UpsetRaptor
Wed Aug 22, 2018 5:11 pm
Forum: Personal Consumer Issues
Topic: relationship issues - advise needed
Replies: 51
Views: 4144

Re: relationship issues - advise needed

Big fan of marriage counseling here, in my opinion it can often be healthy/beneficial even in a lot in situations where the relationship isn't necessarily on the rocks.
by UpsetRaptor
Wed Aug 22, 2018 4:24 pm
Forum: Investing - Theory, News & General
Topic: 529 Withdrawal of Basis
Replies: 13
Views: 742

Re: 529 Withdrawal of Basis

How big are the accounts, and what % is the earnings in them? Also, in case you didn't already know, in addition to using on certain other relatives and/or holding for grandkids, 529s can cover lots of postgrad stuff - grad school, nursing school, pharmacy school, dental school, med school, etc. If ...
by UpsetRaptor
Wed Aug 22, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: 529 Withdrawal of Basis
Replies: 13
Views: 742

Re: 529 Withdrawal of Basis

Yeah, Huey's right, all 529 withdrawals are pro-rata, straight ratio of current contribution and interest.

That line in the 970 is saying you only pay tax on interest/gains portion, not the contribution portion. However, unlike a Roth IRA, you cannot withdraw just contributions.
by UpsetRaptor
Mon Aug 20, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: What has been the best returning major asset class since 2000?
Replies: 12
Views: 1532

Re: What has been the best returning major asset class since 2000?

Before you hop into that time machine, please let me lend you some money to buy me some AAPL.
by UpsetRaptor
Fri Aug 17, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: Is President Jimmy Carter a Boglehead?
Replies: 22
Views: 1862

Re: Is President Jimmy Carter a Boglehead?

Alright Jimmy, the gig's up, so what's your BH username?
by UpsetRaptor
Thu Aug 16, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: "Fidelity Zero vs Vanguard: Which index fund is better?"
Replies: 9
Views: 999

Re: "Fidelity Zero vs Vanguard: Which index fund is better?"

Fidelity Zero for tax-advantaged accounts.
Vanguard for taxable.

Though it's kindof picking nits, they're both very good.
by UpsetRaptor
Thu Aug 16, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Car alarm '98 Camry ?
Replies: 31
Views: 1481

Re: Car alarm '98 Camry ?

Can't help your question, but just wanted to say props for still driving a '98 sedan, seriously.
by UpsetRaptor
Tue Aug 14, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1051
Views: 82166

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Returns for given US:international AA ratio
Portfolio 1: 100:0
Portfolio 2: 75:25
Portfolio 3: 50:50

Image

Conclusion: Pick a #, go have a beer, and stop worrying about it.
by UpsetRaptor
Tue Aug 14, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: VISA stock
Replies: 7
Views: 807

Re: VISA stock

Absolutely, sell and diversify into an index fund, and consider yourself one of the lucky few that came out ahead during your pre-boglehead stock-picking crapshoot years. Congrats.
by UpsetRaptor
Tue Aug 14, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1051
Views: 82166

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Looking at most of the charts people have posted on the first couple pages in this thread, the first thing I notice is the strong (and trending stronger) correlation between US and ex-US.

Whatever ratio you decide, don't sweat it much.
by UpsetRaptor
Tue Aug 14, 2018 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA max salary
Replies: 14
Views: 2322

Re: Roth IRA max salary

If you've only owned the Roth for 1 year and you'll always be in a 22%+ tax bracket, then yes, it may very well make sense to sell-taxable to fully fund Roth (and 401k). I've sold taxable funds to max out tax-advantaged space before. This is assuming you do not have enough cash flow to fully fund bo...
by UpsetRaptor
Mon Aug 13, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21522

Re: "Don't Obsess About Expense Ratios"

There is a substantial amount of assets in VTSMX. Those people are paying excessively for it, and they can pay much lower elsewhere. The ER for Investor shares is not excessive , it is very reasonable. Paying $14 or less per year is very reasonable for the web site access, basis tracking, tax forms...
by UpsetRaptor
Mon Aug 13, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 6474

Re: how much car can we afford?

Subjective question. I personally would have to reach these two criteria before I would consider buying anything beyond a gently-used, practical vehicle: - Reach FI - Can afford the best college the kids can get into Until those 2 conditions are met, there's always at least two things for which I'd ...
by UpsetRaptor
Mon Aug 13, 2018 9:28 am
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 130
Views: 9636

Re: [New Vanguard website layout starting Saturday, August 11]

I kindof like it, to be honest. Quicker/easier to see my balance at a glance, especially on my phone, and that's the main thing I'm logging in to check. I'm not logging in to check the ER.
by UpsetRaptor
Sat Aug 11, 2018 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA max salary
Replies: 14
Views: 2322

Re: Roth IRA max salary

While other options are available, the simplest solution would be to use the 401k to get below the limit, this year and moving forward. That's also probably what you want to do anyways, not sure why you'd consider passing on 401k space.
by UpsetRaptor
Fri Aug 10, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8668

Re: Huge mortgage mistake

Just pay extra principal in the short term until you get to the 20%, and request the PMI to go away. Beyond that, I'd sit on the 4.5% as opposed to doing a refi. Historically that's not a bad rate, and they're going up. You'd probably just be paying to Refi when rates are higher.
by UpsetRaptor
Thu Aug 09, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Would you pay this mortgage off?
Replies: 51
Views: 4332

Re: Would you pay this mortgage off?

There's not a "correct" answer to this question, as per usual. Me personally, at your age and at 4%, I would not liquidate equities to pay it off. In fact, I would not pay the extra $500 monthly principal you are while you still have some 457 space not being filled, I'd focus on that first. Some pro...
by UpsetRaptor
Thu Aug 09, 2018 4:39 pm
Forum: Personal Consumer Issues
Topic: Anyone familiar with attic fans?
Replies: 32
Views: 2092

Re: Anyone familiar with attic fans?

Be aware that if you do try to walk through the attic you must [/u] carefully feel through the insulation and step only on the wood rafters, which can support your weight. This is important! I have known of several people who are not familiar with construction who did not realize that the sheetrock...
by UpsetRaptor
Tue Aug 07, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21522

Re: "Don't Obsess About Expense Ratios"

I’m afraid not. Do you have evidence for your assertion? By the way I never said they weren’t tax efficient — they are! But the question is tax efficiency relative to Vanguard. Fidelity Spartan funds regularly pay out capital gains distributions. To confirm this go to the fund page and look at the ...
by UpsetRaptor
Tue Aug 07, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: Would buy and hold work if Japan's lost decade happens?
Replies: 64
Views: 7834

Re: Would buy and hold work if Japan's lost decade happens?

For those considering the likelihood of Japan's lost decade to replicate in current markets, bear in mind that Japan had CAGR > 20% OVER FORTY YEARS leading into the lost decade.
by UpsetRaptor
Sat Aug 04, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4857

Re: Which diet soda pop do you enjoy?

Popped in here expecting all the hippies who don't understand science to be incoherently blabbering about the harmful effects of artificial sweeteners, which is of course total nonsense. A couple misinformed posts, but pleasantly surprised.

Diet Mountain Dew.
by UpsetRaptor
Thu Aug 02, 2018 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Looking for a pep talk
Replies: 39
Views: 4986

Re: Looking for a pep talk

I'm not sure how you're calculating everything, but doesn't seem right. If you paid off $85K in student loans plus two cars, that's a lot of debt you've offloaded. Add in $12K for house profit plus any investment growth this year, and your net worth didn't increase by $100K+? Edit: What do you mean ...