Search found 685 matches

by lostdog
Wed Jan 17, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: 1099-R Question
Replies: 5
Views: 624

Re: 1099-R Question

Your tax return should not show the conversion on Form 8606 because it was recharacterized (that is the official term to use) back to TIRA. The IRS can generally figure this out by comparing the two 1099R forms, however they still want you to include an explanatory statement with your return indica...
by lostdog
Wed Jan 17, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: 1099-R Question
Replies: 5
Views: 624

Re: 1099-R Question

Good news. I entered the 1099-R information into turbo tax and it covered what Alan S talked about. After I entered the distribution info, turbo tax asked if I did a recharacterization back to the IRA. I was also asked to type in an explanation which included earnings after the conversion. The expla...
by lostdog
Wed Jan 17, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: 1099-R Question
Replies: 5
Views: 624

Re: 1099-R Question

Thanks Alan S,

I'll enter this information into turbo tax and see what happens. Hopefully turbo tax will recognize how to handle this properly.
by lostdog
Tue Jan 16, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Question
Replies: 5
Views: 624

1099-R Question

I did a Roth conversion with Vanguard back in August. I called Vanguard to have it reversed in December and everything went fine. I received two 1099-R forms. The 1099-R form the for the Traditional IRA shows a gross distribution amount in dollars(box 1) and a taxable amount(box 2a) with a distribut...
by lostdog
Mon Jan 15, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Besides Bogleheads, What Are Your Favorite Forums?
Replies: 83
Views: 8054

Re: Besides Bogleheads, What Are Your Favorite Forums?

rockstar finance
Budgets are sexy
Jlcollinsnh
The wealthy accountant
by lostdog
Sun Jan 14, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 176
Views: 17769

Re: What's your asset allocation and why?

Age 42 and 39.

100% Stock

50% U.S. Index
50% International Index

Keeping it simple, diversified and easy to rebalance.
by lostdog
Sun Jan 14, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Adding 200k to Portfolio, don't want boring old VTSAX again -your criticism, suggestion for a little extra risk?
Replies: 39
Views: 4238

Re: Adding 200k to Portfolio, don't want boring old VTSAX again -your criticism, suggestion for a little extra risk?

Put it into your 3 fund portfolio and go have fun with something else. Look at it once a year for rebalance. Move on with your life.

Grats on your windfall. :sharebeer
by lostdog
Sun Jan 14, 2018 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 33
Views: 2129

Re: Vanguard Personal Advisory Services Fees

I believe VPAS overcharges for what they offer. Basically a LS Fund broken into smaller parts for 30 basis points. That being said, My wife knows to call VPAS immediately upon my death and sign up. The alternatives to VPAS are much worse. Regards, John +1 I instructed my wife to do the same. I also...
by lostdog
Sat Jan 13, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 154
Views: 12513

Re: How does everyone keep track of your portfolio?

Since the majority of my $$ is with Vanguard I use their site. The have a nice feature where you can include outside investments in your account that are not under the Vanguard umbrella. It's simple and works well. Every so often I have to manually update the outside investments but it's not a big ...
by lostdog
Fri Jan 12, 2018 7:01 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 99
Views: 7251

Re: Post your Financial Milestone Announcements Here

All, We just arrived at $500k in liquid assets in our retirement accounts and taxable accounts. This does not include our home at roughly ~$200k. This is our second milestone. I never thought I would arrive here. Thanks to all of the Bogleheads that provided advice and support over the years. On to ...
by lostdog
Mon Jan 08, 2018 9:13 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8425

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

The LBYM concept is completely foreign to most of the middle class. Those who follow the BH ideals are a rare breed. When a BH hits a milestone, like the two comma club, there is no upside to telling anyone in your inner circle of friends and family because of resentment and free loaders. Discussion...
by lostdog
Fri Jan 05, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Can I retire now?
Replies: 44
Views: 4597

Re: Can I retire now?

Instead of full retirement maybe just semi-retire. Take your foot off the gas a bit. Find a job/hobby you'll enjoy getting paid doing.

Congratulations. You're no longer tethered to an employer. You now have options.
by lostdog
Fri Jan 05, 2018 9:10 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7652

Re: Heading for a top?

Time in the market is better than timing the market. Stay the course through the ups and downs.
by lostdog
Wed Jan 03, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 128
Views: 11349

Re: Embarrassment Preventing Retirement Work: A factor for you?

This hits home! In a couple of weeks I am retiring from 37 yrs of practicing law. Being a sports nut, I have accepted a position as a Tour Guide for the local major league baseball club! Obviously, doing it for fun. My firm was certainly "surprised", but everyone has been great and very supportive....
by lostdog
Tue Jan 02, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 162
Views: 17163

Re: Max It Out Tomorrow [your IRA]

We have money in vtsax in taxable. We're piling in monthly to our Roth IRA's. Would it be better to sell vtsax shares in taxable to max our 2018 Roth contributions instead of using monthly income cash to fill the roth accounts?

We're in a low tax bracket currently.
by lostdog
Mon Jan 01, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5263

Re: Individual Stocks That Went Bust

For sheer as-it-happens drama, GTAT. Here is the thread on The Contrarian Investor starting with the trading halt. This is a scarier read than any horror story. Oh wow! This is a nightmare to read. http://forum.thecontrarianinvestor.com/index.php?threads/gt-advanced-technologies-inc-gtat.69/page-560
by lostdog
Sun Dec 31, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 4725

Re: Two-comma club just in time for the New Year, and thank you

Congratulations! :sharebeer

42 and 39 here. Just hit 700k. Just my opinion, grats for not buying a home. We're selling in spring and going back to renting.
by lostdog
Sun Dec 31, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Building Emergency Fund - Where to put money
Replies: 16
Views: 1046

Re: Building Emergency Fund - Where to put money

Keep it simple. Open a Roth IRA account at Vanguard and max the Roth. For short term/emergency money open a brokerage/taxable account at Vanguard and put it in the short-term bond index fund. Keep a certain amount of cash in checking. Anything above that amount fill your short term/emergency .one. W...
by lostdog
Sun Dec 31, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 708
Views: 182697

Re: Share your net worth progression

12/31/2016-$560K
12/31/2017-$700K
Age:39 and 42

$480k-50/50 U.S./International Equities.
$200K-Home.
$20k-Cars.

Looking forward to hitting $500K in liquidity.
by lostdog
Sun Dec 31, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: What do you consider wealthy?
Replies: 28
Views: 2542

Re: What do you consider wealthy?

Rexindex wrote:
Sun Dec 31, 2017 9:18 am
By most objective measures in this country and even more so by worldly standards, if you have a net worth of $500,000 or more you are very wealthy
+1

I've heard this many times. This post is the most realistic compared to others in this thread.
by lostdog
Fri Dec 29, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Using Vanguard’s advisors
Replies: 50
Views: 4430

Re: Using Vanguard’s advisors

It's in our IPS that if I pass away or lose my mind, my wife is to contact Vanguard PAS and have them take over the portfolio.
by lostdog
Fri Dec 29, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Best way to average 7% in $1M+ 401K for next 10 years
Replies: 29
Views: 2673

Re: Best way to average 7% in $1M+ 401K for next 10 years

bgf wrote:
Fri Dec 29, 2017 10:32 am
I think a mix of US and International equities, 50-50, would do you just fine.
+1

Also control your spending and savings rate. Stay diversified as stated above with a high savings rate.
by lostdog
Tue Dec 26, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Should I preserve parents’ risky portfolio? Or “disobey” them?
Replies: 74
Views: 4876

Re: Should I preserve parents’ risky portfolio? Or “disobey” them?

kerplunk wrote:
Tue Dec 26, 2017 10:36 am
I would trust Vanguard on this one: Vanguard Target Retirement Income Fund.

You would probably sleep better at night knowing that you made a safe decision.
+1 make it simple.
by lostdog
Tue Dec 26, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Do you have trouble standing firm on your asset allocation?
Replies: 45
Views: 3706

Re: Do you have trouble standing firm on your asset allocation?

In the beginning it was hard to figure out what allocation to stick with. We decided when we hit 1 million we'll go 90/10. When we hit 2 million we'll go 80/20.
by lostdog
Sat Dec 23, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: The extended bull market
Replies: 53
Views: 4199

Re: The extended bull market

UpperNwGuy wrote:
Sat Dec 23, 2017 12:29 pm
No. I have a plan, and I will stay the course. I don't understand why so many participants in a Bogleheads forum keep getting spooked by market trends.
+1
by lostdog
Thu Dec 21, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey Style Vanguard Portfolio?
Replies: 51
Views: 3756

Re: Dave Ramsey Style Vanguard Portfolio?

Tyler Aspect wrote:
Wed Dec 20, 2017 10:51 pm
Dave Ramsey's investing advice is vastly inferior to his debt reduction angles. Do debt reduction with Dave Ramsey, and investing with Bogleheads.

+1 I agree. Solid plan.
by lostdog
Thu Dec 21, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey Style Vanguard Portfolio?
Replies: 51
Views: 3756

Re: Dave Ramsey Style Vanguard Portfolio?

today (12-20-17) Dave had a big rant against index funds. He and his investor pros showed how 50% of the mutual fund beat the S&P 500. He forgot or ignored fees (1%-2.5%). After fees you will not beat the passive investing in the S&P or Total Stock market fund. read what Taylor has to say Knowledge...
by lostdog
Fri Dec 15, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3748

Re: How to deal with Micro-manager

My first thought....how far down the road to financial freedom are you. I chant this daily, another day closer to retirement :) Stepping over to escalate will cause serious problems. She can respectfully ask but if it's this person's persona, it is what it is. +1 I second this. Through past experie...
by lostdog
Tue Dec 12, 2017 5:23 pm
Forum: Investing - Theory, News & General
Topic: Does any indicator not predict a 2000/2007'ish crash?
Replies: 47
Views: 2721

Re: Does any indicator not predict a 2000/2007'ish crash?

livesoft wrote:
Tue Dec 12, 2017 5:05 pm
Here is something that does not predict a crash: Jobs. Jobs. And more Jobs. Unemployment quite low and companies cannot find good employees. Why are you ignoring that?
+1
by lostdog
Sun Dec 10, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 6180

Re: Does this happen to you? Educating friends about personal finance

7 out of 10 Americans live paycheck to paycheck. Most are not proactive but reactive. Why would they want to talk about savings and investing? Instead they would rather talk about: 1. Binge drinking into oblivion on weekends. 2. Keeping up with the Joneses. 3. Spend a few hours a day scrolling thoug...
by lostdog
Sat Dec 09, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 81
Views: 13450

Re: Why am I still scared ? Is it actually normal ?

Read the book "The Power of Now" by Eckhardt Tolle. It changed my life.
by lostdog
Sat Dec 09, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 6180

Re: Does this happen to you? Educating friends about personal finance

I made this mistake early on with a friend. We ended up going back and forth with stats and numbers. Their assets are located at Thrivent. Thrivent has very expensive loaded funds. Also, they advertise about giving back to the community and they spend a lot of time and money giving back. I think it'...
by lostdog
Fri Dec 08, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7673

Re: At what age your investments start making more money than you?

I don't have an answer for an age but I've seen several posts in the past that say 500k is the point where the portfolio starts to take over.
by lostdog
Thu Dec 07, 2017 6:50 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 20554

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

My World of Warcraft gaming buddies are buying into bitcoin. This sounds like a bubble to me.
by lostdog
Thu Dec 07, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: Does it look like a bubble to you?
Replies: 42
Views: 3738

Re: Does it look like a bubble to you?

Nah, I'll stay the course. Your name is perfect for this instance. If you exit, I'll CULater...
by lostdog
Mon Dec 04, 2017 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5824

Re: Mortgage is About To Be Paid - I'm Scared!

After your house is paid off your next goal is FI. Once you reach FI and then some, give your bad boss and slaveployer the middle finger and enjoy the rest of your life.
by lostdog
Mon Dec 04, 2017 6:15 pm
Forum: Personal Consumer Issues
Topic: Google Pixel 2 Verizon, Insurance Question
Replies: 7
Views: 600

Re: Google Pixel 2 Verizon, Insurance Question

I usually buy phones full retail but this deal was too hard to pass up. I had a Nexus5x but it got stuck in the infamous boot loop and it was out of warranty. I paid full retail for a Pixel 2 on Wednesday and found out today about the awesome deal. I went back in, they refunded my retail purchase a...
by lostdog
Sat Dec 02, 2017 8:37 pm
Forum: Personal Consumer Issues
Topic: Google Pixel 2 Verizon, Insurance Question
Replies: 7
Views: 600

Re: Google Pixel 2 Verizon, Insurance Question

So far it's a solid phone. I amazed Google and Verizon are giving such a good deal early on. Almost half off retail. We usually see that right before the next version is released.
by lostdog
Sat Dec 02, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Google Pixel 2 Verizon, Insurance Question
Replies: 7
Views: 600

Google Pixel 2 Verizon, Insurance Question

I usually buy phones full retail but this deal was too hard to pass up. I had a Nexus5x but it got stuck in the infamous boot loop and it was out of warranty. I paid full retail for a Pixel 2 on Wednesday and found out today about the awesome deal. I went back in, they refunded my retail purchase an...
by lostdog
Sat Dec 02, 2017 11:36 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 20554

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

So let's say you have a gain of 10 million in bitcoins. You decide to sell all of it. When you sell it will there be an ACH transfer to your checking or savings? Is it that simple? No. Depends who you sell it to and the terms of payment you agree with the buyer. Bitcoin is typically traded on an ex...
by lostdog
Sat Dec 02, 2017 10:09 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 20554

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

So let's say you have a gain of 10 million in bitcoins. You decide to sell all of it. When you sell it will there be an ACH transfer to your checking or savings? Is it that simple?
by lostdog
Fri Dec 01, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones trap
Replies: 45
Views: 5378

Re: Edward Jones trap

I made the mistake years ago of trying g to explain low cost index funds to a friend. His family invests with a high cost loaded active funds firm. At the time it was called Lutheran Brotherhood. They have a new name now and I forget what it is. Anyway he got really defensive and we went back and fo...
by lostdog
Thu Nov 30, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: So i hit 6 figures... (questions about financials)
Replies: 19
Views: 3821

Re: So i hit 6 figures... (questions about financials)

Pay off the car. Max out retirement accounts.

Don't buy a house unless you get married and have kids. If you stay single or don't have kids just rent for life. Houses are a pain in my opinion unless you really enjoy being a handyman.

Congratulations on the 100k milestone. Keep plugging away.
by lostdog
Wed Nov 29, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 13955

Re: FIRE [financial independence/retire early]

You bet! Those simpletons will have to go back to work after 5 years of enjoying their young families, all the while you will have been working this whole time! Suckers..... I always enjoy the local animosity of those frugal fire types. Seems Bogleheads would have more in common than not with them ...
by lostdog
Tue Nov 28, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 13955

Re: FIRE [financial independence/retire early]

A ton of blogs on FI now because of the 10 year bull run. They rarely talk about health insurance. When the bear market hits I wonder how many of those blogs will stick around. I wonder the same thing. I think it is more the blog market will saturate. MMM makes serious bank (300k+). RootOfGood is m...
by lostdog
Tue Nov 28, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 13955

Re: FIRE [financial independence/retire early]

I've been mulling over this problem for several years. Health care seems to be the single biggest unknown for my wife and I, who are hoping to "semi-retire" (MMM-style) when I hit 50 in a couple years. We're lucky to have enjoyable careers where stepping in/out of the workforce is easy, but we woul...