Search found 735 matches

by CppCoder
Fri Feb 23, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: "Bogleheads.org" by Kristine Hayes"
Replies: 33
Views: 3767

Re: "Bogleheads.org" by Kristine Hayes"

Grt2bOutdoors wrote:
Fri Feb 23, 2018 9:27 am
What does IIRC mean? Since we are on topic of acronyms? No investment I know of uses IIRC.
If I recall/remember correctly.
by CppCoder
Fri Feb 23, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: "Bogleheads.org" by Kristine Hayes"
Replies: 33
Views: 3767

Re: "Bogleheads.org" by Kristine Hayes"

I think one needs to be judicious in their use of abbreviations/acronyms. I'm willing to bet that many people know what an IRA is would have to think twice if you posted about an individual retirement account. I feel like the common vernacular uses IRA, even in spoken language. I think the same is t...
by CppCoder
Thu Feb 22, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Need $100,000 in 20 years. Help!
Replies: 43
Views: 3352

Re: Need $100,000 in 20 years. Help!

I don't know the details of the PAYE plan, but if you are paying so little on the loan each month that you aren't even covering the interest and then simultaneously saving money to pay taxes on the forgiveness, why not just pay down the loan. It's a guaranteed return of 6% on the money you are savi...
by CppCoder
Thu Feb 22, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Need $100,000 in 20 years. Help!
Replies: 43
Views: 3352

Re: Need $100,000 in 20 years. Help!

I don't know the details of the PAYE plan, but if you are paying so little on the loan each month that you aren't even covering the interest and then simultaneously saving money to pay taxes on the forgiveness, why not just pay down the loan. It's a guaranteed return of 6% on the money you are savin...
by CppCoder
Thu Feb 22, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay partners for working your call
Replies: 57
Views: 3053

Re: How to pay partners for working your call

Interesting. In my line of work, if you are salaried, you don't get paid for doing extra things like being on call. It's part of your job. If they wanted to pay by the call, they'd put you on an hourly wage. If the work can be traded, you trade (or ask for favors). If this is simply part of your sal...
by CppCoder
Thu Feb 22, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Monitor and Insight Newsletter
Replies: 3
Views: 389

Re: Fidelity Monitor and Insight Newsletter

I recently subscribed to the Fidelity Monitor and Insight Newsletter, which has model portfolios to follow. Some friends of mine swear by the newsletter models. Can anyone give me some Pros and Cons of the newsletter? Pros: Possibly amusing. Con: Won't work...will lose money following the advice.
by CppCoder
Thu Feb 22, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: What to do when no Admiral shares? Expense Ratio (Total World)
Replies: 19
Views: 1373

Re: What to do when no Admiral shares? Expense Ratio (Total World)

10 basis points is 10 basis points. It's $1 extra for every $1000 invested. Only you can decide if that fee is worth it to you. Some argue one should never pay a penny more than necessary. Others argue it's fine to pay more as long as you do so consciously knowing what you are getting for your dolla...
by CppCoder
Thu Feb 22, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Boglehead Flashlight?
Replies: 45
Views: 2587

Re: Boglehead Flashlight?

I found that my biggest uses for a flashlight are at times I wasn't necessarily expecting to need a flashlight. Therefore, for me, the best flashlight is one that I always have on me. So, my requirements for a flashlight are that it fits in my pocket, on my key chain, and uses a non-proprietary, rep...
by CppCoder
Sat Feb 17, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: Which book for an 18 year old who is asking about investing?
Replies: 45
Views: 2850

Re: Which book for an 18 year old who is asking about investing?

The Bogleheads' Guide to Investing. That book turned me on to this forum, not the other way around. I refer this book to anyone who wants a comprehensive survey of how to invest for the long run. Random Walk Down Wallstreet is my favorite but this is a close second. They're both great books, but I ...
by CppCoder
Sat Feb 17, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: When do IRA's stop making sense?
Replies: 37
Views: 2653

Re: When do IRA's stop making sense?

I guess my concern is that I don't see a tIRA as a particularly valuable tool given that it's not deductible. Isn't it really just like any after-tax vehicle only with less liquidity? Or am I missing something? Specifically, is there still a tax advantage because withdrawals wouldn't occur until I'...
by CppCoder
Sat Feb 17, 2018 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: When do IRA's stop making sense?
Replies: 37
Views: 2653

Re: When do IRA's stop making sense?

I did a quick Excel-style financial model, and yes, in my opinion, it makes sense to convert the tIRA to Roth to open the backdoor. Essentially, I modeled making a $5500 contribution each year either to taxable or to Roth (yes, contribution limits will increase), investing it in a stock fund returni...
by CppCoder
Sat Feb 17, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover a Pension into Roth IRA or Traditional IRA?
Replies: 20
Views: 1254

Re: Rollover a Pension into Roth IRA or Traditional IRA?

Yes, it's a qualified plan and pretax. So rolling into my Roth would increase my 2018 income by $30K. Would the pension fund hold back the tax and roll over the rest? I'm not 100% sure, but I think that if they send you a check and you subsequently deposit it into your Roth IRA (within 60 days, I t...
by CppCoder
Sat Feb 17, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: When do IRA's stop making sense?
Replies: 37
Views: 2653

Re: When do IRA's stop making sense?

Then it sounds like the consensus is I'd be best served taking my existing IRA, converting it to a backdoor Roth and then repeating the process with new tIRA's each year? It depends on whether you want to pay the taxes on it. Do you have a state tax that will also take a chunk? You're looking at up...
by CppCoder
Sat Feb 17, 2018 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: When do IRA's stop making sense?
Replies: 37
Views: 2653

Re: When do IRA's stop making sense?

Does your 401(k) allow after tax contributions and either in-service withdrawals or in-plan Roth rollovers (IRR)? If so, you may be able to fund your 401(k) up to $55k and convert the after-tax portion to Roth. If you have this mega backdoor Roth open, it makes the regular backdoor Roth less import...
by CppCoder
Sat Feb 17, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund selling price
Replies: 9
Views: 516

Re: Mutual Fund selling price

Similar in spirit to finding a fund with an equivalent ETF, you can also pick an index fund with a published index and track that instead. For example, if you pick an S&P 500 index fund, and the S&P 500 index changes by X%, your fund will also change by approximately X%. It may be slightly different...
by CppCoder
Sat Feb 17, 2018 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: When do IRA's stop making sense?
Replies: 37
Views: 2653

Re: When do IRA's stop making sense?

Does your 401(k) allow after tax contributions and either in-service withdrawals or in-plan Roth rollovers (IRR)? If so, you may be able to fund your 401(k) up to $55k and convert the after-tax portion to Roth. If you have this mega backdoor Roth open, it makes the regular backdoor Roth less importa...
by CppCoder
Sat Feb 17, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Working for a MegaCorp vs a Small Business
Replies: 19
Views: 1295

Re: Working for a MegaCorp vs a Small Business

Other than high school jobs, I've only ever worked for a megacorp. My gut feel from anecdotal evidence is that you have to work harder for the same pay/benefits in a small company as in a large company. Small companies also seem to have more job security risk. Therefore, I would never work for a sma...
by CppCoder
Sat Feb 17, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Rollover a Pension into Roth IRA or Traditional IRA?
Replies: 20
Views: 1254

Re: Rollover a Pension into Roth IRA or Traditional IRA?

Newby here. I have about $30K in a pension from a former employer. I need to rollover the pension from the former employer so I don't lose it. I have a Traditional IRA with Fidelity and a small Roth IRA with Vanguard. I am thinking about rolling the Pension into the Roth IRA so that I can get the V...
by CppCoder
Fri Feb 16, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 23
Views: 1717

Re: what is marginal tax rate?

Just a thought...seems like it should be called MAXIMUM tax rate rather than MARGINAL. Why marginal? Seems strange nomenclature. It's the tax rate on the marginal dollar, similar in use to how economists talk about the marginal utility and marginal value of things. I would view maximum as being the...
by CppCoder
Fri Feb 16, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pre- vs post-tax saving: Am I thinking it wrong?
Replies: 25
Views: 1675

Re: Pre- vs post-tax saving: Am I thinking it wrong?

For many, dare I say most, yes, Roth versus pretax is mostly about tax rates now versus later. For some, however, there are some additional nuances to consider. Here are two: When you are maxing out tax advantaged savings plans, Roth contributions allow for more money to be placed in tax advantaged ...
by CppCoder
Fri Feb 16, 2018 9:29 pm
Forum: Investing - Theory, News & General
Topic: Better not taxed now or taxed later?
Replies: 23
Views: 1716

Re: Better not taxed now or taxed later?

This is very confusing, and you are only providing information piecemeal. You need to put all of the information into one thread to get some help. Things of learned from your other parallel thread asking about RMDs: You father is older than 70.5 Your father does not have any IRAs, only two 403(b)s F...
by CppCoder
Fri Feb 16, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Which book for an 18 year old who is asking about investing?
Replies: 45
Views: 2850

Re: Which book for an 18 year old who is asking about investing?

The Bogleheads' Guide to Investing. That book turned me on to this forum, not the other way around. I refer this book to anyone who wants a comprehensive survey of how to invest for the long run.
by CppCoder
Wed Feb 14, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 124
Views: 10369

Re: What if you only live off dividends?

I suspect that I'll be able to live off dividends or less in retirement. It's not the goal, it's just that I have moderate expenses and don't want to retire in my 40s. Maybe my family will better figure out how to spend more money :). Someone once told me that rich is defined as living off your inte...
by CppCoder
Tue Feb 13, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 2738

Re: 401K to Roth 401K

So let me just summarizes the statement above to make sure I got it. Because most of our retirement money will be in Roth accounts and we obviously would not pay taxes our marginal tax rate would effectively be 0%. Therefore, having some taxable withdrawls like those from a 401K would not hurt sinc...
by CppCoder
Mon Feb 12, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: I’m not renewing my Costco membership.
Replies: 80
Views: 7151

Re: I’m not renewing my Costco membership.

Sacrilege! :D Our family makes back the $60 just from eating their snacks, er, samples...probably by the end of the first quarter. Some days, I think we just go there for entertainment...like a sane person might pay to go to a wine and cheese tasting event :D.
by CppCoder
Mon Feb 12, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: 401K to Roth 401K
Replies: 40
Views: 2738

Re: 401K to Roth 401K

Do you have a large, future retirement income source like a pension? If not, I would not do the IRR. In fact, unless you are in a very low tax bracket, I highly doubt moving to a Roth 401k is a good option for her future contributions.
by CppCoder
Mon Feb 12, 2018 7:55 pm
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 133
Views: 9554

Re: What big item (>20k) are you saving up for?

Early retirement...
by CppCoder
Sat Feb 10, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Invest in 5% bond or Roth IRA?
Replies: 9
Views: 786

Re: Invest in 5% bond or Roth IRA?

I'd go with the Roth IRA, as the bond, in this rate environment, sounds like fraud. It's either that or your description is not quite accurate.
by CppCoder
Sat Feb 10, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Choosing muni bond funds
Replies: 52
Views: 4459

Re: Choosing muni bond funds

Morningstar says it's risk is high at 5 years although returns are high, too. Risk and return always go hand in hand. If you ever see a fund with higher than average returns and lower than average risk, just assume it's fraudulent. Note that risk, defined as volatility, does not equate to returns. ...
by CppCoder
Fri Feb 09, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing muni bond funds
Replies: 52
Views: 4459

Re: Choosing muni bond funds

If you want to go the fund route, you'll likely want to choose from FTABX or FLTMX. Their expense ratios are 0.25% and 0.35% respectively. Both are fairly low expense, managed funds differing largely in duration and average maturity. I think both have similar credit quality, which is, overall, lowe...
by CppCoder
Fri Feb 09, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing muni bond funds
Replies: 52
Views: 4459

Re: Choosing muni bond funds

There is some lousy advice so far on this thread from people who clearly have a beef with Fidelity. It's not terribly helpful. I have accounts at Fidelity, I like Fidelity, but I will admit that I'm not in love with their municipal bond funds. Vanguard does have better options here. That said, all h...
by CppCoder
Thu Feb 08, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: Relearning Calculus
Replies: 81
Views: 6066

Re: Relearning Calculus

If kids are not studying and still getting A's the solution is not to study harder to (still) get A's; It's to study something that is harder and earn a B or even a C. Straight A's are for lazy people. ??? For some of us, they didn't make a class we couldn't get an A in. I agreed with your statemen...
by CppCoder
Wed Feb 07, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 5607

Re: New car - how much can we afford?

I can’t fathom what people are schlepping around that requires a minivan/fullsize SUV if they only have 1 or 2 kids. Things I've heard people haul in a minivan (or have done myself): Grandma and grandpa, kids' friends, six for a carpool, large dogs, furniture, etc. We have two kids and an Odyssey; ...
by CppCoder
Tue Feb 06, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: [Vanguard Health Care Fund vs. Health Care ETF]
Replies: 4
Views: 337

Re: Tax Efficiency of ETF's

I would appreciate it if someone could please explain why the Vanguard Health Sector ETF seems to be significantly higher in returns than the Vanguard Health Care Fund. I've noticed this over time and it seems like the ETF is maybe 3% higher than the mutual fund. I've been invested in the health ca...
by CppCoder
Tue Feb 06, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is this 1099-R for my megabackdoor 401k incorrect?
Replies: 16
Views: 1084

Re: Is this 1099-R for my megabackdoor 401k incorrect?

IMO, In-plan Roth rollover is definitely NOT a backdoor because it was always allowed and not gray area (aka backdoor) under section 2112 of Small Business Jobs Act of 2010 whereas the mega backdoor involving after tax 401k to Roth IRA was gray area until IRS guidance in 2014. Yep...that's the sema...
by CppCoder
Tue Feb 06, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 127
Views: 8877

Re: Torn between Vanguard, Fidelity and Schwab

fctu wrote:
Tue Feb 06, 2018 2:12 pm
Does Schwab or Fidelity have something similar to Vanguard Flagship benefits for accounts above a certain value?

With flagship you get free trades which would otherwise have a commission.
I know Fidelity does. I don't know if it's worth anything. As a do it yourselfer, I don't bother with them.
by CppCoder
Tue Feb 06, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is this 1099-R for my megabackdoor 401k incorrect?
Replies: 16
Views: 1084

Re: Is this 1099-R for my megabackdoor 401k incorrect?

1099R does not look right and I don’t think you did a mega backdoor Roth as it would involve after tax 401k to a Roth IRA not a Roth 401k. Some people consider the in plan Roth Rollover (IRR) to be a form of the mega back door. I don't, but I do recall seeing it referred to that way in a blog by WC...
by CppCoder
Tue Feb 06, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 127
Views: 8877

Re: Torn between Vanguard, Fidelity and Schwab

I use Fidelity. One of the OP's questions was asking if it is useful to have a branch accessible. My answer is potentially yes, but it is, for me, a somewhat rare occurrence. I had some old stock certificates that I wanted to deposit with Fidelity. It was very convenient to walk into their office, h...
by CppCoder
Tue Feb 06, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9423

Re: How risky is Med school student loan debt?

What sort of jobs are paying $400k for biochemistry research? My husband earns $130k a year in a very high cost of living area. It took him years to find this job. He did 3 post docs at very prestigious institutions and never earned more than $44k and never knew if he would have a job the next year...
by CppCoder
Mon Feb 05, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9423

Re: How risky is Med school student loan debt?

If you want to avoid debt in medical school, some combined MD/PhD programs waive tuition and even provide a stipend. Doing a PhD definitely isn't for everyone, and it adds years of schooling. But it can allow you to graduate with much less debt, possibly debt free. MD/PhD programs are incredibly di...
by CppCoder
Mon Feb 05, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity IRA to Roth IRA wait time?
Replies: 8
Views: 497

Re: Fidelity IRA to Roth IRA wait time?

So I just transferred $5500 to my post tax IRA about 30 minutes ago. How long do I have to wait to transfer it to my Backdoor Roth IRA? I would like to deploy the $5500 today Deploying the money and doing the Roth conversion are two different issues. I say this because Fidelity will likely let you ...
by CppCoder
Mon Feb 05, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity IRA to Roth IRA wait time?
Replies: 8
Views: 497

Re: Fidelity IRA to Roth IRA wait time?

So I just transferred $5500 to my post tax IRA about 30 minutes ago. How long do I have to wait to transfer it to my Backdoor Roth IRA? I would like to deploy the $5500 today Deploying the money and doing the Roth conversion are two different issues. I say this because Fidelity will likely let you ...
by CppCoder
Sun Feb 04, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: brokerage sweep accounts
Replies: 18
Views: 1061

Re: brokerage sweep accounts

Unless $500k is simply the dividend on your $25 million taxable account, I don't understand your strategy, trader or not. I just did my taxes. I had $0.10 in interest from my sweep account. I think this was because I left a dividend payment there for a week to lump it with a contribution to avoid an...
by CppCoder
Sun Feb 04, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: CD coming due, need advice
Replies: 6
Views: 1065

Re: CD coming due, need advice

Define a strategy and make your decision based on that. Don't let market timing influence what should be a strategic decision.
by CppCoder
Sun Feb 04, 2018 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford this home?
Replies: 25
Views: 1820

Re: Can I afford this home?

Do you really love your metro area? Another alternative would be to work for a few more years and semi-retire (full retire depending on expenses) to a different location and a different life. If you love your current life, want your current life for the next 20+ years, and expect stability in your i...
by CppCoder
Sun Feb 04, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: When is it ok to quit your job and run your business full time?
Replies: 24
Views: 2172

Re: When is it ok to quit your job and run your business full time?

On paper, the best decision would probably be to keep my full time job, and spend all my nights and weekends working on my side business. However, one of the reasons I spent so much effort in the past working on those websites is so I could eventually quit my corporate job and enjoy the flexibility...
by CppCoder
Sun Feb 04, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: New ROTH IRA Strategies
Replies: 30
Views: 3533

Re: New ROTH IRA Strategies

Wait, so if I buy VTSAX in my ROTH IRA on Fidelity, they charge a fee? How much is it? Yes, VTSMX (VTSAX not available) will cost you $75/buy at Fidelity, as TwstdSista above noted. You can reduce this to $5/buy after initial purchase if you set it up as an automatic purchase. If you really must ow...
by CppCoder
Sat Feb 03, 2018 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough?
Replies: 34
Views: 3165

Re: Am I saving enough?

If I am laid off, which would take such a severe offense that would also involve prison time, I would of course reevaluate my savings rate. Is that too risky to count on? It seems at some point we all need to have some faith in our plan. Otherwise, shouldn't we all just buy ammo and toilet paper? N...
by CppCoder
Sat Feb 03, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Index Funds During Stock Market Decline?
Replies: 20
Views: 2026

Re: Index Funds During Stock Market Decline?

Look less frequently. The U.S. total market is actually still up over the last month. If you looked on January 2 and then February 2, you'd think wow, my $200 became $205 in just a month. That's double what an Ally savings account would have paid in interest in a year.
by CppCoder
Sat Feb 03, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: New ROTH IRA Strategies
Replies: 30
Views: 3533

Re: New ROTH IRA Strategies

Some advice, in no particular order: In a Roth IRA, go with mutual funds; they'll be simpler. If nothing else, you can buy in whole dollar amounts and not have leftover money from having to buy ETF in whole share amounts. In a Fidelity IRA, go with Fidelity funds. Do not buy a Vanguard mutual fund i...