Search found 44 matches

by theeryman
Fri Oct 30, 2020 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8186
Views: 571721

Re: Refinance Mega Thread

Thanks to all, got some great info from this thread. We locked in today. Went from 30 yr 4.0% (started last year) to a 15 yr 1.75% with LenderFi. This is going to save us about $180k in interest over the life of the loan! Cost was 2 points + $2551 in other closing costs (title, etc). They waived the...
by theeryman
Fri Oct 30, 2020 5:28 pm
Forum: Personal Investments
Topic: Backdoor Roth, when Traditional IRA has a bunch of money in it
Replies: 25
Views: 2440

Re: Backdoor Roth, when Traditional IRA has a bunch of money in it

Thanks again for all the help guys.

I got the 2020 contribution back, and am filing an 8606 for 2019.

The form is all ready to go, however, I can't figure out where to send it?? Can anyone point me in the right direction as to where to send the 8606?
by theeryman
Tue Oct 27, 2020 4:37 pm
Forum: Personal Investments
Topic: Can a person contribute to Individual 401(k) in addition to employer plan?
Replies: 6
Views: 472

Re: Can a person contribute to Individual 401(k) in addition to employer plan?

Sorry if the original post wasn't clear. She has the Individual 401(k) account from previous years, but has not had income in 2020 other than from her current employer. Sounds like she needs to just set the 401(k) paycheck withdrawal to 100% (or close to it), until the end of the year to ensure it g...
by theeryman
Tue Oct 27, 2020 4:08 pm
Forum: Personal Investments
Topic: Mimicking Boglehead 3-fund-portfolio from limited selection of funds
Replies: 10
Views: 664

Mimicking Boglehead 3-fund-portfolio from limited selection of funds

My wife has a 401(k) through her employer. Below are the fund options. Suggestions for what to choose to best mimic the Boglehead 3-fund portfolio? - SF Guaranteed - [The Guaranteed Interest Account operates without a stated expense ratio because it does not have a set management fee and credits a p...
by theeryman
Tue Oct 27, 2020 4:02 pm
Forum: Personal Investments
Topic: Can a person contribute to Individual 401(k) in addition to employer plan?
Replies: 6
Views: 472

Re: Can a person contribute to Individual 401(k) in addition to employer plan?

It is not clear why she cannot have the entire $19.5k withheld from her salary. She can contribute her $19.5k to one, the other, or a combination of the two plans. In addition to that, she can make employer contributions to the Solo 401k but would need that year's income to contribute to the Solo 4...
by theeryman
Tue Oct 27, 2020 3:25 pm
Forum: Personal Investments
Topic: Can a person contribute to Individual 401(k) in addition to employer plan?
Replies: 6
Views: 472

Can a person contribute to Individual 401(k) in addition to employer plan?

Hey all -- this seems like a simple question but couldn't find an answer after searching around. My wife is employed, and has a 401(k) plan through the employer. She also has a Vanguard Individual 401(k). We want to max her 401(k) out for the year, but the employer plan doesn't allow contributions o...
by theeryman
Sat Oct 17, 2020 12:35 pm
Forum: Personal Investments
Topic: Backdoor Roth, when Traditional IRA has a bunch of money in it
Replies: 25
Views: 2440

Re: Backdoor Roth, when Traditional IRA has a bunch of money in it

I don’t have a clue what my income will be in retirement (I’m 42), but hard to imagine it’ll be even close to what it is now
by theeryman
Fri Oct 16, 2020 6:30 pm
Forum: Personal Investments
Topic: Backdoor Roth, when Traditional IRA has a bunch of money in it
Replies: 25
Views: 2440

Re: Backdoor Roth, when Traditional IRA has a bunch of money in it

Just for clarification: is his TIRA ($12.5k) a combination of pretax contributions (that you’ve deducted) and after-tax contributions? You said you added $6k for 2020. Did you do that for 2019 too? I'm now realizing that I contributed $6k to this tIRA this year and last year (2019) after taxes. I w...
by theeryman
Thu Oct 15, 2020 6:06 pm
Forum: Personal Investments
Topic: Backdoor Roth, when Traditional IRA has a bunch of money in it
Replies: 25
Views: 2440

Re: Backdoor Roth, when Traditional IRA has a bunch of money in it

The only hope is to roll all 3 of your IRAs into your current Solo 401k...but I suspect your Solo 401k is at Vanguard....which will not accept a rollover. Is it? Are you willing to move it? Say, to Fidelity? I would if it really made sense, but it's starting to sound like a bigger hassle than it's ...
by theeryman
Thu Oct 15, 2020 5:15 pm
Forum: Personal Investments
Topic: Backdoor Roth, when Traditional IRA has a bunch of money in it
Replies: 25
Views: 2440

Re: Backdoor Roth, when Traditional IRA has a bunch of money in it

Sorry for any confusion. Part is my use of improper terminology, the rest is simply that I'm still learning :D With an active SEP IRA, you should not use the "backdoor". It will be of little benefit to you and something of a hassle. Just don't do it. Contact the custodian and have your 202...
by theeryman
Thu Oct 15, 2020 3:47 pm
Forum: Personal Investments
Topic: Backdoor Roth, when Traditional IRA has a bunch of money in it
Replies: 25
Views: 2440

Re: Backdoor Roth, when Traditional IRA has a bunch of money in it

Which IRAs belongs to you and which to your wife? Is your income too high to contribute to Roth IRA directly? What is your tax bracket? Is the SEP IRA active or from an old job? Thanks for the speedy reply. I updated the post answering the questions above. Will this be a deductible or non-deductibl...
by theeryman
Thu Oct 15, 2020 3:21 pm
Forum: Personal Investments
Topic: Backdoor Roth, when Traditional IRA has a bunch of money in it
Replies: 25
Views: 2440

Backdoor Roth, when Traditional IRA has a bunch of money in it

Hey all, I'm considering doing a Backdoor Roth for myself and my wife... I've already maxed out my 401(k), including my business contribution, totaling $57k. Also maxed out the family HSA. It was suggested in another post that I do a Backdoor Roth. However, I'm trying to wrap my head around the pro-...
by theeryman
Sat Oct 10, 2020 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for smart things to do when making good money
Replies: 12
Views: 2447

Re: Looking for smart things to do when making good money

traveling_salesman wrote: Sat Oct 10, 2020 8:17 pm Not an answer your question, but I am curious what kind of business is this? Seems to be extremely low overhead, if your only expenses are the ones that you listed.

Congratulations on your success!
Thanks! It’s web-based software. Servers are the main costs.
by theeryman
Fri Oct 09, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for smart things to do when making good money
Replies: 12
Views: 2447

Looking for smart things to do when making good money

Over the years I've gone back and forth using a CPA and not, for filing my taxes. Mine are generally simple enough that I've found I'm better off doing them on my own. I can't say it's all fun, however I very much like digging in a really understanding how it works and ways I can best optimize thing...
by theeryman
Tue May 26, 2020 7:23 pm
Forum: Personal Investments
Topic: Rebalancing - More VTSAX, less VBTLX
Replies: 18
Views: 823

Re: Rebalancing - More VTSAX, less VBTLX

radiowave:

VTIVX $2,553
VBTLX $119,000
VTIAX $62,025
VTSAX $204,768
by theeryman
Tue May 26, 2020 4:54 pm
Forum: Personal Investments
Topic: Rebalancing - More VTSAX, less VBTLX
Replies: 18
Views: 823

Re: Rebalancing - More VTSAX, less VBTLX

A few of you have suggested that March would have been the time to reallocate. I'm curious, would that not have been an attempt at timing the market, or would that have been a re-balance triggered by a certain percentage drop? What I'm getting it, as from what I've read, people seem to generally re-...
by theeryman
Tue May 26, 2020 1:40 pm
Forum: Personal Investments
Topic: Rebalancing - More VTSAX, less VBTLX
Replies: 18
Views: 823

Re: Rebalancing - More VTSAX, less VBTLX

Thanks theorist,

It hasn't shaken me that much. It's not fun but I'm by no means freaking out. I get it.

I appreciate the thoughts, and I'm considering what you said, for sure.
by theeryman
Tue May 26, 2020 1:29 pm
Forum: Personal Investments
Topic: Rebalancing - More VTSAX, less VBTLX
Replies: 18
Views: 823

Re: Rebalancing - More VTSAX, less VBTLX

Thanks for the reply. I hear what you're saying. This is what I was getting at when I started by saying I'm continuing to dive deeper and have a better understanding of what I'm doing. I've recently read a few more books and my take away is that I'm willing to take more risk. So this decision is tru...
by theeryman
Tue May 26, 2020 1:18 pm
Forum: Personal Investments
Topic: Rebalancing - More VTSAX, less VBTLX
Replies: 18
Views: 823

Re: Rebalancing - More VTSAX, less VBTLX

Wasn't thinking about this in March. Wish I had been

So are you guys suggesting I leave everything as is?
by theeryman
Tue May 26, 2020 1:15 pm
Forum: Personal Investments
Topic: Rebalancing - More VTSAX, less VBTLX
Replies: 18
Views: 823

Re: Rebalancing - More VTSAX, less VBTLX

My thinking is that stocks are cheaper now, and there's more potential upside with those. I could be totally wrong in my approach here.
Why March?
by theeryman
Tue May 26, 2020 1:02 pm
Forum: Personal Investments
Topic: Rebalancing - More VTSAX, less VBTLX
Replies: 18
Views: 823

Rebalancing - More VTSAX, less VBTLX

Hi all, I'm gradually diving deeper into all this, learning more, and trying to better grasp what I'm doing :) But I wanted to run this past you in case I'm overlooking anything. I'm 42, have around $410k in Vanguard, most of which is in various retirement accounts. Currently about 30% of it is in V...
by theeryman
Mon Feb 27, 2017 12:16 am
Forum: Personal Investments
Topic: Where to focus investments as entrepreneur, dad
Replies: 1
Views: 439

Where to focus investments as entrepreneur, dad

Hi all, This is a question I've been struggling with, and while it's very subjective, I figured I'd get some external advice. We are 38, married, with 2 kids, (3 and 5 years old). I do pretty well as a freelance software engineer and my wife does okay working part time also as a freelancer. As freel...
by theeryman
Sun Feb 26, 2017 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on how much insurance to have, with little kids
Replies: 5
Views: 921

Re: Thoughts on how much insurance to have, with little kids

I really appreciate all the responses! I updated the original post but wanted to reply here as well to clarify that my wife and I are self-employed and therefore pay for all of this out of our pocket. I mention this because at least one of you referred to mentioned employer-sponsored plans. Thanks a...
by theeryman
Sun Feb 26, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on how much insurance to have, with little kids
Replies: 5
Views: 921

Thoughts on how much insurance to have, with little kids

My wife and I have two boys, 3 and 5 years old. We are all healthy (knock on wood), and of course want to be covered if anything should happen. OUr approach for the last 5 years has been to get the best insurance we could, so we can not have to worry about going to the doctor when someone is sick, o...
by theeryman
Thu Jan 05, 2017 11:47 pm
Forum: Personal Investments
Topic: 529 for kids college, or other?
Replies: 3
Views: 808

529 for kids college, or other?

Hey Bogleheads, I have 2 kids, ages 2 and 4. We've put $5k and $10, respectively in a 529 ( https://www.oregoncollegesavings.com ) We keep debating on whether or not this is the best things to do, considering that they might not want to go to college, which is fine with us if they have a better plan...
by theeryman
Wed Apr 06, 2016 4:46 pm
Forum: Personal Investments
Topic: Contributing to SEP IRA for 2015 - which fund?
Replies: 5
Views: 412

Re: Contributing to SEP IRA for 2015 - which fund?

jjface:

How does that transfer work? Do I contribute to the SEP, then immediately transfer it over? Is there a hit for that?

knrow36:

It's not a minimum on the SEP itself, but on the particular funds I was planning to get in to, and I just wasn't sure what my next best options were.

Thanks all!
by theeryman
Wed Apr 06, 2016 4:05 pm
Forum: Personal Investments
Topic: Contributing to SEP IRA for 2015 - which fund?
Replies: 5
Views: 412

Contributing to SEP IRA for 2015 - which fund?

I've recently switched my portfolio over to a 3-fund portfolio as described by Bogleheads. I'm now self-employed and can contribute $1863 to a SEP IRA for 2015, that I just opened. I'm an Admiral shareholder of Vanguard so the majority of my investments are in those, but since they have $10k minimum...
by theeryman
Mon Apr 04, 2016 10:50 pm
Forum: Personal Investments
Topic: Help selecting 401k funds through new employer
Replies: 3
Views: 455

Re: Help selecting 401k funds through new employer

Thanks TOJ -- I added those in.
by theeryman
Mon Apr 04, 2016 10:34 pm
Forum: Personal Investments
Topic: Help selecting 401k funds through new employer
Replies: 3
Views: 455

Help selecting 401k funds through new employer

Hey all, My wife has a new employer and we're trying to figure out what funds she should contribute to in their 401k plan, and what percentage to each. We'd really appreciate any guidance. Basic info that may help: She's 39 Has $200k in retirement elsewhere Willing to be somewhat aggresive Let me kn...
by theeryman
Mon Mar 28, 2016 10:38 pm
Forum: Personal Investments
Topic: Question about sold investments and moving them to retirement account
Replies: 2
Views: 376

Question about sold investments and moving them to retirement account

My wife just sold off some mutual funds that weren't doing well, as we're migrating everything towards the Boglehead Three-fund portfolio. Overall these were sold at a loss. She sold off about 30k worth and now has that sitting as cash. As is widely suggested, she wants to first max out her 401k thi...
by theeryman
Thu Mar 17, 2016 12:57 pm
Forum: Investing - Theory, News & General
Topic: Looking for clarification on Foreign Tax Credit
Replies: 13
Views: 1310

Re: Looking for clarification on Foreign Tax Credit

Joel, Thanks, but now I'm confused by this: You should NOT put international stocks taxable accounts if you have available tax-advantaged space. as the Boglehead wiki on the Three-fund portfolio says the opposite: In general, the international fund should go into a taxable account, the bond fund sho...
by theeryman
Thu Mar 17, 2016 11:54 am
Forum: Investing - Theory, News & General
Topic: Looking for clarification on Foreign Tax Credit
Replies: 13
Views: 1310

Re: Looking for clarification on Foreign Tax Credit

Not sure why I'm having such a hard time grasping this. These examples still seem to always result in a higher net when the TISM's are in tax-advantaged accounts, so I'm not seeing why it's better to have them in taxable accounts. Sorry, I've read these responses over and over and still not getting ...
by theeryman
Thu Mar 17, 2016 11:15 am
Forum: Personal Investments
Topic: Three-fund portfolio configuration question
Replies: 14
Views: 2024

Re: Three-fund portfolio configuration question

Also, FillorKill and kenner,

Any suggestions on proportions of TSM & TISM in the Roth and taxable?
by theeryman
Thu Mar 17, 2016 11:02 am
Forum: Personal Investments
Topic: Three-fund portfolio configuration question
Replies: 14
Views: 2024

Re: Three-fund portfolio configuration question

Thanks again everybody, this is all incredibly helpful. Next question is: Now that I'm self-employed I'm thinking of starting an Individual 401k with Vanguard for future contributions. Does that sound like the best idea, or should I (even I'm even allowed to) contribute to my exiting Rollover IRA in...
by theeryman
Thu Mar 17, 2016 9:05 am
Forum: Investing - Theory, News & General
Topic: Looking for clarification on Foreign Tax Credit
Replies: 13
Views: 1310

Looking for clarification on Foreign Tax Credit

I'm looking for some clarification on the FTC, and the advantages/disadvantages of having int'l stock funds in taxable vs tax-efficient accounts. From the Bogleheads wiki: Say that you hold an international stock fund. The stocks in the fund earn $1000 in dividends, but foreign countries withhold ta...
by theeryman
Thu Mar 17, 2016 8:07 am
Forum: Personal Investments
Topic: Three-fund portfolio configuration question
Replies: 14
Views: 2024

Re: Three-fund portfolio configuration question

Thanks Taylor, I really appreciate it. I want to make sure I understand your suggestions 100% clearly, as to do this in the most beneficial way. a) So, the idea for #1 and #2 is that they would cancel each other out, tax-wise, is this correct? So I'd sell enough profitable stocks whose dollar value ...
by theeryman
Thu Mar 17, 2016 12:04 am
Forum: Personal Investments
Topic: Three-fund portfolio configuration question
Replies: 14
Views: 2024

Re: Three-fund portfolio configuration question

Well, this is terribly depressing on the fund front, but I'm glad I mapped it out. I had to calculate some of these gains/losses on my own, so they may be slightly off, but I think they're close. Again, I'd love to migrate a good chunk (will likely keep some of the stocks) of these to index funds, a...
by theeryman
Wed Mar 16, 2016 11:11 pm
Forum: Personal Investments
Topic: Help with my investment portfolio, rebalancing, and future investments
Replies: 3
Views: 664

Re: Help with my investment portfolio, rebalancing, and future investments

Thanks, Alec, this is really helpful! You've got a lot of potentially tax inefficient funds in your taxable account. How hard would it be to selling those and replace with tax efficient index funds? Yes, that's what I'm considering doing. Sounds like the right thing to do, right? I'm confused by thi...
by theeryman
Wed Mar 16, 2016 10:58 pm
Forum: Personal Investments
Topic: Three-fund portfolio configuration question
Replies: 14
Views: 2024

Re: Three-fund portfolio configuration question

Thanks everyone! Taylor, I have the list of taxable stocks and funds, but I'm having a heck of a time getting the capital gains/losses for some of them, as most of the fund sites don't give me that. I'm trying to figure out how to calculate it for these funds that I've invested in over time and have...
by theeryman
Wed Mar 16, 2016 4:41 pm
Forum: Personal Investments
Topic: Three-fund portfolio configuration question
Replies: 14
Views: 2024

Three-fund portfolio configuration question

Hey all, I currently have a Roth IRA and a Rollover IRA. The Rollover has about 50% more in it than the Roth. I also have a some taxable funds and stocks. I'm wanting to shift everything to a Three-fund portfolio. I want 90% in stocks, 10% in bonds. 30% of the stocks will be international. So from w...
by theeryman
Tue Mar 15, 2016 11:29 pm
Forum: Personal Investments
Topic: Three-fund portfolio assets in Roth IRA and Rollover IRA
Replies: 2
Views: 497

Three-fund portfolio assets in Roth IRA and Rollover IRA

Hello, I have both a Roth IRA and a Rollover IRA, both in Vanguard. I'm about to redistribute the money in these accounts following the Bogleheads Three-fund portfolio. My question is, is there a benefit to having more of a certain type of these asset classes (Stocks, Bonds, Int'l Stock) in either t...
by theeryman
Tue Mar 15, 2016 2:52 pm
Forum: Personal Investments
Topic: Help with my investment portfolio, rebalancing, and future investments
Replies: 3
Views: 664

Help with my investment portfolio, rebalancing, and future investments

Hey all, I'm new here! I just read the Little Book of Common Sense Investing, and lots of the Bogleheads site, and am very thankful for all the info here. I'm finally starting to feel on the verge of confident in making investment decisions. We have a bunch of investments, but they've been suggested...