Search found 839 matches

by CppCoder
Sat Nov 03, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: Post FiRE job...teaching??
Replies: 33
Views: 3911

Re: Post FiRE job...teaching??

If you enjoy traveling, consider corporate training. I've taught graduate classes in college and done corporate training at our in-house training facility (we use a mix of vendors and in-house practitioners for training depending on the subject). Personally, I've found the corporate training to be m...
by CppCoder
Sat Nov 03, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Mega ROTH conversion
Replies: 19
Views: 1283

Re: Backdoor Mega ROTH conversion

If you have to wait 6 months to contribute, why couldn't you just save and load up on contributions for the 6 months afterwards? Exactly. I only make after-tax contributions after I fill up my pretax limit. Essentially, it's 5.5 months of pretax and then 5.5 months of after-tax and then conversion....
by CppCoder
Fri Nov 02, 2018 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Mega ROTH conversion
Replies: 19
Views: 1283

Re: Backdoor Mega ROTH conversion

If you have to wait 6 months to contribute, why couldn't you just save and load up on contributions for the 6 months afterwards? Exactly. I only make after-tax contributions after I fill up my pretax limit. Essentially, it's 5.5 months of pretax and then 5.5 months of after-tax and then conversion....
by CppCoder
Thu Nov 01, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4764

Re: Calculating ROI for PhD

Don't get a PhD for the ROI. Do it so you can study what you want and never have a boss. What does having a phD have to do with not having a boss? Unless you own your own company you will always have someone above you who tells you what to do. The PHD from MIT working at Citadel has a boss (like my...
by CppCoder
Tue Oct 30, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4764

Re: Calculating ROI for PhD

Don't get a PhD for the ROI. Do it so you can study what you want and never have a boss. What does having a phD have to do with not having a boss? Unless you own your own company you will always have someone above you who tells you what to do. The PHD from MIT working at Citadel has a boss (like my...
by CppCoder
Fri Oct 26, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Things to consider when relocating from Boston to Toronto
Replies: 28
Views: 2548

Re: Things to consider when relocating from Boston to Toronto

WhiteMaxima wrote:
Fri Oct 26, 2018 12:12 pm
Interlectural wise, University of Toronto is no less than Harvard and MIT.
Certainly, you must be Canadian. No American would say this. Also, it's not true (full disclosure, MIT Ph.D.). :wink:
by CppCoder
Sun Oct 21, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3074

Re: Why Purchase an Automobile using Premium Gasoline?

Not to get too far off topic but I have always wondered when I go to the pump and buy premium fuel, is the first gallon or so of the gas I get from the pump the grade of fuel the previous customer had? For instance if the guy before me bought 87 Octane and I then step up next and buy 91 Octane, isn...
by CppCoder
Sat Oct 20, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Put more than 20% down on a house?
Replies: 33
Views: 3602

Re: Put more than 20% down on a house?

I'm not sure I feel comfortable going with a 15 yr mortgage. That would be a pretty large monthly payment. I do plan on paying extra mortgage payments but I would like the flexibility of not having a large payment due every month. If you could get a 15 year loan at 4%, it would add about $1300/mont...
by CppCoder
Sat Oct 13, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP vs. Mega Backdoor Roth
Replies: 19
Views: 496

Re: ESPP vs. Mega Backdoor Roth

retiredjg wrote:
Sat Oct 13, 2018 12:24 pm
As for option #2, there is no logic in converting some every quarter. Just convert it all to Roth immediately. This will reduce taxes and get the money into Roth sooner.
The plan may limit it to quarterly conversions. My plan limits it to once a year.
by CppCoder
Sat Oct 13, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP vs. Mega Backdoor Roth
Replies: 19
Views: 496

Re: ESPP vs. Mega Backdoor Roth

Would you... 1. ESPP - 10% discount on purchase once a quarter. Have to hold for minimum 21 months before selling to avoid higher tax rates. Microsoft stock if that matters. 2. Mega Backdoor Roth - contribute fully to the After Tax portion of my 401k plan and have it converted quarterly to Roth con...
by CppCoder
Sat Oct 06, 2018 8:35 am
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 5984

Re: 7 Investing Truths That Aren't

Investing doesn't have to be complicated, but I fail to see why we reducing it to the level of third grade understanding is worthwhile. If that was truly the optimal solution, then 95% of what goes on in this forum is counter-productive. We should just tell everyone to invest everything in low cost...
by CppCoder
Sun Sep 30, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.
Replies: 87
Views: 8576

Re: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.

Investing is a long, slow way to grow your wealth. You will not become mega-rich investing. It's nothing against you, it's just not how it works. To become mega-rich (let's define that as net worth of 50-100 million dollars or more), you have only a few options. They are things like start a wildly ...
by CppCoder
Sun Sep 30, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.
Replies: 87
Views: 8576

Re: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.

Investing is a long, slow way to grow your wealth. You will not become mega-rich investing. It's nothing against you, it's just not how it works. To become mega-rich (let's define that as net worth of 50-100 million dollars or more), you have only a few options. They are things like start a wildly s...
by CppCoder
Fri Sep 28, 2018 8:35 pm
Forum: Investing - Theory, News & General
Topic: Income Limits on IRA, 401k, and HSA Max Out?
Replies: 11
Views: 1448

Re: Income Limits on IRA, 401k, and HSA Max Out?

money_bunny wrote:
Fri Sep 28, 2018 7:49 pm
Road2Wealth wrote:
Fri Sep 28, 2018 7:25 pm
$19K for 401k, $6K for IRA,
Did I miss a change? I thought it was $18000 for 401K's and $5500 for IRA's.
Yes, you apparently missed 2018, as the 401(k) limit for this year is $18,500. Increases for next year are still projections until the official announcement in, I believe, October.
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: 3746

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: 1086

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: 3193

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: 3946

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: 447

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: 919

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: 919

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: 1274

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: 13776

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: 4422

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: 2206

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: 3600

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: 2697

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: 3600

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: 8797

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: 6783

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: 6783

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: 1741

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: 1132

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: 4171

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: 339

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: 1695

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: 949

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: 5045

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: 518

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: 1721

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: 3603

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: 3603

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: 6041

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: 1291

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: 7603

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: 610

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: 4584

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: 31987

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: 2826

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: 1022

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...