Search found 825 matches

by CppCoder
Sat Sep 15, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Does this job exist (another want-to-quit-corporate-world thread)?
Replies: 35
Views: 3550

Re: Does this job exist (another want-to-quit-corporate-world thread)?

Offshore oil rig roughneck? I'm not sure how much thought and creativity it requires, but fits your other criteria with even higher pay.
by CppCoder
Sat Sep 08, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Questions on Mega BackDoor Roth IRA
Replies: 14
Views: 1015

Re: Questions on Mega BackDoor Roth IRA

Hello all, I've been doing some research on the Mega BackDoor Roth IRA but have a few questions about it. 1) It seems that the key here is you must contribute "After Tax" funds to your 401k. Some of the websites I looked at made it sounds like you must first max out your pretax money in order to co...
by CppCoder
Sat Sep 08, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: Is it sensible to buy a car from Elon Musk?
Replies: 59
Views: 3002

Re: Is it sensible to buy a car from Elon Musk?

No. Absolutely not. I've never met the guy, but I just have this odd feeling that his car would come with weird stains or have a funny odor I couldn't get rid of. I mean, his name is "Musk." He's literally warning you of the smell. Oh, you meant would I buy a car from Tesla, the company, not from El...
by CppCoder
Sat Sep 01, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: The twenty dollar rule
Replies: 44
Views: 3835

Re: The twenty dollar rule

This will work until your wife learns about invoice splitting...
by CppCoder
Sat Sep 01, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: My 401K plan
Replies: 4
Views: 400

Re: My 401K plan

The 0.36% isn't great, but it isn't terrible. I suspect you work for a relatively small employer, and they have to pay for the administration of their 401k. At least you have low ER underlying Vanguard funds. On the flip side, I work for a megacorp, and my company pays 100% of administrative fees, a...
by CppCoder
Sat Sep 01, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion to Roth, and Pro-Rata rule
Replies: 15
Views: 849

Re: Conversion to Roth, and Pro-Rata rule

I agree with livesoft that the 8606 is an easy form. However, make sure you conceptually understand the mechanics of the pro rata rule before you fill out your 8606. It makes it easier. You'll know ahead of time what the answer should be, and after you fill out the 8606, you'll know if you did it ri...
by CppCoder
Sat Sep 01, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion to Roth, and Pro-Rata rule
Replies: 15
Views: 849

Re: Conversion to Roth, and Pro-Rata rule

retiredjg wrote:
Sat Sep 01, 2018 2:02 pm
Why are you considering conversions now while one or both of you is working? Why not wait for retirement when your tax rate is likely to be lower?
Given that OP talks about wanting to withdraw before age 55, I'm guessing she is trying to start the five year conversion clock.
by CppCoder
Fri Aug 31, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Are quarterly Roth conversions of after-tax contributions to a 401(k) roughly equivalent to a Mega Backdoor Roth?
Replies: 22
Views: 1184

Re: Are quarterly Roth conversions of after-tax contributions to a 401(k) roughly equivalent to a Mega Backdoor Roth?

madbrain wrote:
Fri Aug 31, 2018 4:52 pm
Most companies don't match on after-tax contributions, even if they match on salary deferrals.
Really? I like my employer's 401(k) more and more every day.
by CppCoder
Fri Aug 31, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 80
Views: 13502

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

With a reasonable withdrawal rate, statistically speaking, any fixed AA should be successful. Your biggest risk is the person in the mirror, that is, behavioral risk, not financial risk. Therefore, the best AA is the one you'll keep in good times and bad. Whatever portfolio volatility you think you ...
by CppCoder
Wed Aug 29, 2018 9:03 pm
Forum: Investing - Theory, News & General
Topic: Expense ratios and fees - Fidelity and flip flopping advice
Replies: 61
Views: 4238

Re: Expense ratios and fees - Fidelity and flip flopping advice

I haven't yet jumped to the zero funds (yet?), and my taxable account is invested in Fidelity mutual funds at Fidelity. On the international front, the small cap exposure in FTIPX is worth the 0.06% ER. I suspect that these funds will perform differently. I may come out ahead or I may come out behin...
by CppCoder
Wed Aug 29, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Treasuries - how to buy (not using Treasury Direct)
Replies: 20
Views: 2116

Re: Treasuries - how to buy (not using Treasury Direct)

You can buy them directly at Fidelity, but I just buy shares of FIBAX, Fidelity's intermediate term treasury fund (they also have treasury funds with longer and shorter durations). The expense ratio for the fund is only 0.03%, which, for me, justifies the convenience. Of course, one might be buying ...
by CppCoder
Sun Aug 26, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: Best ultra thin pocket knife?
Replies: 54
Views: 3435

Re: Best ultra thin pocket knife?

"Just wealth-signaling" Trouble is, my knives stay in my pocket 99.5% of the time. They aren't like wrist watches. ;) I love Chris Reeve knives. Exceptionally useful, but quite expensive. That reminds me, I need to send one of my Sebenzas back for sharpening. I know how to sharpen knives, but some ...
by CppCoder
Sun Aug 26, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff?
Replies: 27
Views: 2593

Re: Mortgage Payoff?

Now that my brokerage balance exceeds my mortgage balance, on some days I think I should just pay it off and start investing the monthly payment of about $3,500 (includes tax/insurance escrow) in a new account. If you decide to pay it off, you do realize that you might not want to invest the full $...
by CppCoder
Sun Aug 26, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: Best ultra thin pocket knife?
Replies: 54
Views: 3435

Re: Best ultra thin pocket knife?

I carry a Victorinox cadet if I'm wearing slacks (Pioneer X in jeans...love having the scissors). I agree that it is a pretty soft steel, but it sharpens easily, takes a good edge, and is slight in the pocket. I don't own one, but I've read good things about the Spyderco Delica as a small, thin dail...
by CppCoder
Sun Aug 26, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Ladies: bra shopping question
Replies: 63
Views: 8413

Re: Ladies: bra shopping question

Not my area of expertise, but my wife swears by Wacoal.
by CppCoder
Sun Aug 26, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6564

Re: How do you calculate net worth with pensions?

Everything ends when you die. A pension is not an asset. It does not survive my death (and the death of my spouse) and is not considered when my estate is taxed. That may be true for your pension, but that is not true of all pensions. My pension has options such as 5, 10, 20 year certain. My spouse...
by CppCoder
Sun Aug 26, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6564

Re: How do you calculate net worth with pensions?

I think whether or not one wants to consider a pension as part of net worth is debatable. However, one can define the lump sum value of the pension pretty easily as the minimum standard is defined by the Pension Protection Act of 2006. Essentially, it's the actuarial present value of the annuity str...
by CppCoder
Tue Aug 21, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: Maui in 2 days - August 23- cancel trip?
Replies: 12
Views: 1704

Re: Maui in 2 days - August 23- cancel trip?

If you are indeed insured, then cancel. I've been through two hurricanes (Ike and Harvey). The hurricane itself isn't so bad (I wouldn't worry that if you went there and it hit that you'd die), but the aftermath is miserable. There will be debris everywhere, no one will have power, etc. At least wit...
by CppCoder
Fri Aug 17, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Continue flood insurance after mortgage paid off?
Replies: 15
Views: 1095

Re: Continue flood insurance after mortgage paid off?

mouses wrote:
Fri Aug 17, 2018 7:56 pm
Update after reading previous post: add in subsistence, so three factors in favor of flooding.
Subsidence?
by CppCoder
Thu Aug 16, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 47
Views: 4064

Re: High tax bracket - Go 100% Roth in tax advantaged?

For high income earners with high savings rates, I like Roth. First, it essentially opens up more tax deferred space as 18.5k post tax is "bigger" than 18.5 pre tax. Second, when you're already saving so much money, unless you drastically change your habits in retirement, you won't spend it in retir...
by CppCoder
Thu Aug 16, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a 529 question
Replies: 2
Views: 317

Re: Starting a 529 question

There are pros and cons to any investment. You can read extensively about opinions on this forum about 529s with the search button, and the best place I've found to do individual 529 research is https://www.savingforcollege.com That said, in my opinion, high income/high net worth people (defined in ...
by CppCoder
Thu Aug 16, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Moving within Fidelity
Replies: 12
Views: 1667

Re: Moving within Fidelity

FSIVX is EAFE indexed. I believe it is large cap and developed markets only. Fidelity has other international funds that include mid cap, small cap, and emerging markets. The international zero fund does not have exposure to small cap stocks, but does have exposure to emerging markets. If you want a...
by CppCoder
Thu Aug 16, 2018 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting international funds at Fidelity
Replies: 12
Views: 756

Re: Tax loss harvesting international funds at Fidelity

In addition to Duckie's recommendation for FSGDX, if you are interested in a mutual fund, you could try Fidelity's new FZILX, Fidelity ZERO International Index Fund. This fund is tracking Fidelity's own total international index of developed and emerging market large and mid caps. It has a $0 minimu...
by CppCoder
Thu Aug 02, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4853

Re: Which diet soda pop do you enjoy?

Coke Zero Sugar (and its variants). How can people claim Coke Zero to be their favorite without knowing that Coke changed the name a few months ago? :happy I also like Diet Mountain Dew. I believe this to be a requirement of anyone who writes software. :beer <- coke zero sugar, not a beer. Since we'...
by CppCoder
Wed Aug 01, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum over annuity?
Replies: 3
Views: 501

Re: Lump sum over annuity?

I give everyone who asks this question the same advice: An annuity is an insurance product. You are insuring against running out of money (the lump sum). The insurer is your employer/PBGC. You need to ask yourself three questions: Do you want/need this insurance policy? Do you trust the solvency of ...
by CppCoder
Fri Jul 27, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Pension-Lump Sum or Monthly Payments?
Replies: 16
Views: 1656

Re: Pension-Lump Sum or Monthly Payments?

In my opinion, lump sum versus annuity is an insurance question. Do you want to insure against the possibility of running out of money. If the answer is no, and you are capable of managing a lump sum, I vote lump sum. If that issue concerns you, take the insurance policy (annuity), provided you trus...
by CppCoder
Wed Jul 25, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in guaranteed return or stock market?
Replies: 73
Views: 3490

Re: Invest in guaranteed return or stock market?

4% real or nominal? Nominal, probably not, especially if the investment were illiquid. Real, yeah, I might go for it (respecting the assumption that it is as safe as a treasury). Thanks. This is because you expect more than a 4% nominal return by investing in the market, but less than a 4% real ret...
by CppCoder
Wed Jul 25, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in guaranteed return or stock market?
Replies: 73
Views: 3490

Re: Invest in guaranteed return or stock market?

4% real or nominal? Nominal, probably not, especially if the investment were illiquid. Real, yeah, I might go for it (respecting the assumption that it is as safe as a treasury).
by CppCoder
Sat Jul 07, 2018 8:24 pm
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5837

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

I disagree with many of the other posters. You were not hosed. You got charged what a dealer charges you for these services. The dealer has to pay rent, pay salaries/benefits, buy specialized equipment, can charge a premium for being an official Honda shop, etc. For their overhead and specialty, the...
by CppCoder
Sun Jun 17, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Investment book recommendations?
Replies: 12
Views: 1196

Re: Investment book recommendations?

oldcomputerguy wrote:
Sat Jun 16, 2018 1:53 pm
The Bogleheads Guide to Investing (the link takes you there via the Bogeheads "support this site" link)
+1. I've read quite a few personal investment books. I still think this is the best one for the average person just getting started.
by CppCoder
Sun Jun 17, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7407

Re: can we afford to spend $20K on travel annually

Go for it. For less than $10k, you can do a week long Disney cruise!
by CppCoder
Sat Jun 16, 2018 7:12 am
Forum: Investing - Theory, News & General
Topic: iShares lowers expense ratios on bond ETFs
Replies: 6
Views: 573

iShares lowers expense ratios on bond ETFs

Did anyone else notice that BlackRock significantly reduced the expense ratios of some of their bond ETFs effective June 1? Here's an article listing the funds: http://www.etf.com/sections/features-and-news/ishares-slashes-bond-etf-fees?nopaging=1 Of particular note (to me, anyway) was the reduction...
by CppCoder
Mon Jun 11, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4445

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

Why are there Bogleheads here saying they don't mind it not being 0? :shock: If the difference between what it is now and zero is "miniscule" or "noise," then why not just have it be zero? For me, it's because reasonable customer service and reliable IT have real costs. I'd rather not scrimp on som...
by CppCoder
Thu May 31, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 299
Views: 31442

Re: The Side Hustle

I'm a research engineer. When I was younger (late 20s), I used to teach graduate applied math classes at night at a university. I did it for fun (I like teaching), but it actually paid pretty well. I stopped doing that after I got married. Recently, I wrote and published a programming book. I did th...
by CppCoder
Sat May 26, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Rowing machine
Replies: 32
Views: 2757

Re: Rowing machine

Another vote for Concept 2. I'm nearing my first million meters and am looking forward to my free T-shirt!
by CppCoder
Sat May 26, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Move "after tax" 401K contributions to Roth?
Replies: 9
Views: 978

Re: Move "after tax" 401K contributions to Roth?

A 401k with this function likely allows a rollover of any pretax IRA assets into the 401k too. If so (or if you don’t have any) there’s nothing stopping you from a backdoor Roth every year. Why would you infer that? Mine allows after-tax in-service withdrawals, but I cannot rollover funds from a tI...
by CppCoder
Tue May 22, 2018 11:37 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6648

Re: How have you upgraded your wardrobe?

Also, well made and up to date clothing lasts and looks good for a number of years, so that the initial cost can be spread out longer (I have found) than with inexpensive, poorer quality or fashion-insensitive items. My problem with that approach is that my clothes tend to be retired due to stains ...
by CppCoder
Mon May 21, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire? Input and advice is welcome!
Replies: 29
Views: 4018

Re: Can I retire? Input and advice is welcome!

My Financial Journey wrote:
Mon May 21, 2018 12:34 pm
Im currently in Bangkok.
Just out of curiosity, did you find that after one night, the world was your oyster? :twisted:
by CppCoder
Sat May 12, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Time Span Between Job Changes
Replies: 16
Views: 1561

Re: Time Span Between Job Changes

Every six months to a year, time after time is ridiculous. One can hardly become fully productive in six months unless it is a low-level job. Unless megacorp plans for you to be the CEO, and then, this is the the job change schedule, albeit all internal jobs. This way, the chosen one is never in a ...
by CppCoder
Fri May 04, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Warning: avoid Windows 10 update 1803
Replies: 96
Views: 11569

Re: Warning: avoid Windows 10 update 1803

Windows 10 has tried to update my PC every day for the last several weeks (except for a two week long stretch when I disabled the service). In addition my DVD drive disappeared, but is now back. Its also a real pain if I have Excel files open, because it creates recovery versions on restart 2018-03...
by CppCoder
Sat Apr 21, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Mega Backdoor & Pro rata rule
Replies: 10
Views: 932

Re: Mega Backdoor & Pro rata rule

Remember, the pro rata on a mega backdoor Roth is only against the after tax portion of your 401k, not against your entire pretax 401k balance. Another strategy is simply to minimize the gains in the after tax subaccount (i.e., conversion soon after contribution, slowly appreciating assets) and roll...
by CppCoder
Sat Apr 21, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Best Way to Decline an International Job Assignment
Replies: 23
Views: 1953

Re: Best Way to Decline an International Job Assignment

Here's my take. I go to work to lead the life I want, not to further megacorp's agenda. When megacorp asks me to do things that are inconsistent with how I want to live my life, I say no, and usually I just say that I don't want to do that. Will they terminate me over it? No. Will it limit my upward...
by CppCoder
Sat Apr 14, 2018 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Lazy Portfolio - Using Fidelity ETF's Vs Vanguard ETF's
Replies: 29
Views: 3944

Re: Lazy Portfolio - Using Fidelity ETF's Vs Vanguard ETF's

I'd probably go with the Fidelity mutual fund equivalents in the IRA:

ITOT = FSTVX
IXUS = FTIPX
AGG = FSITX
FREL = FSRVX

That will at least keep you from running into wash sale problems between the taxable account and IRA. I'm mutual fund biased, and it's just a preference, so others may disagree.
by CppCoder
Sat Apr 07, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: decided on 3 fund portfolio
Replies: 12
Views: 1052

Re: decided on 3 fund portfolio

Two points:
  • Do they have similar risk profiles? (i.e., Are the underlying assets and asset percentages similar?)
  • Past performance is not predictive of future performance.
by CppCoder
Fri Apr 06, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: Are we in bear territory?
Replies: 49
Views: 6605

Re: Are we in bear territory?

I don't think I'm in bear territory, but I'm told an alligator shows up on the golf courses every now and again.
by CppCoder
Fri Apr 06, 2018 5:03 pm
Forum: Investing - Theory, News & General
Topic: What is Megacorp?
Replies: 62
Views: 5136

Re: What is Megacorp?

E Corp. What, does no one else watch Mr. Robot?
by CppCoder
Fri Apr 06, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: What is Megacorp?
Replies: 62
Views: 5136

Re: What is Megacorp?

bottlecap wrote:
Fri Apr 06, 2018 1:19 pm
It’s safe to say that Megacorp is represented by Big Law.

Proceed accordingly.

JT
And has its books audited by one of the Big Four... :happy
by CppCoder
Sun Apr 01, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Should I roll over Roth 401(k) to Roth IRA?
Replies: 12
Views: 1793

Re: Should I roll over Roth 401(k) to Roth IRA?

My initial (dream) thought: my Megacorp (non-Roth) 401(k) --> roll over --> personal Vanguard traditional IRA --> backdoor Roth --> personal Vanguard Roth IRA. If you did this it would not be a "backdoor Roth". It would be just a standard conversion. If rolling to Vanguard would result in lower fee...
by CppCoder
Sun Apr 01, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market Accounts
Replies: 34
Views: 3216

Re: Money Market Accounts

Depending on your marginal tax rate, you can also choose a municipal money market fund to avoid paying income tax on the interest. It will inherently have a lower interest payment and is therefore only suitable for high tax brackets. With your $10k savings, I doubt you're in a tax bracket that would...
by CppCoder
Sun Apr 01, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5701

Re: Nice article on saving money and financial independence

scrabbler1 wrote:
Sun Apr 01, 2018 10:41 am
She probably needs to get to age ~65 (or a little lower) intact when SS income can supplement her current nonwage income. I think she can do it.
I didn't bother reading the article, but if she's not paying in enough to social security, she won't be getting much/anything back at 65.