Search found 31 matches

by nofacetimber
Thu Nov 28, 2019 12:01 am
Forum: Personal Investments
Topic: Are there ways to use 401k's and ROTH IRA's strategically together?
Replies: 21
Views: 2547

Re: Are there ways to use 401k's and ROTH IRA's strategically together?

I do pay state income tax. And income from traditional 401k's is subject to tax in our state. I believe you are misunderstanding KlangFool. Certain states do not exempt the traditional 401k contributions from state income tax. You are talking about the withdrawals from 401k accounts that is counted...
by nofacetimber
Tue Nov 26, 2019 4:30 pm
Forum: Personal Investments
Topic: Are there ways to use 401k's and ROTH IRA's strategically together?
Replies: 21
Views: 2547

Re: Are there ways to use 401k's and ROTH IRA's strategically together?

I do pay state income tax. And income from traditional 401k's is subject to tax in our state. I believe you are misunderstanding KlangFool. Certain states do not exempt the traditional 401k contributions from state income tax. You are talking about the withdrawals from 401k accounts that is counted...
by nofacetimber
Mon Nov 25, 2019 6:48 pm
Forum: Personal Investments
Topic: Are there ways to use 401k's and ROTH IRA's strategically together?
Replies: 21
Views: 2547

Re: Are there ways to use 401k's and ROTH IRA's strategically together?

KlangFool wrote:
Fri Nov 22, 2019 11:41 am
OP,

One more piece of information needed:

Do you pay state income tax? Is Trad. 401K exempted from paying state income tax?

KlangFool
I do pay state income tax. And income from traditional 401k's is subject to tax in our state.

Thanks
by nofacetimber
Mon Nov 25, 2019 6:47 pm
Forum: Personal Investments
Topic: Are there ways to use 401k's and ROTH IRA's strategically together?
Replies: 21
Views: 2547

Re: Are there ways to use 401k's and ROTH IRA's strategically together?

ruralavalon wrote:
Fri Nov 22, 2019 11:18 am
If your wife returns to teaching will she be eligible for a pension in addition to Social Security?
In our state I think there is currently still a half 401k / half pension option for teachers. But things seem to be trending away from the pension so I don't think we can count on any pension.
by nofacetimber
Fri Nov 22, 2019 2:17 am
Forum: Personal Investments
Topic: Are there ways to use 401k's and ROTH IRA's strategically together?
Replies: 21
Views: 2547

Re: Are there ways to use 401k's and ROTH IRA's strategically together?

More information is necessary to answer your question. For most people traditional 401k contributions will likely be better. What is your age? What is your profession or occupation? Will you be eligible for a significant pension in addition to Social Security? About how much do you currently have i...
by nofacetimber
Fri Nov 22, 2019 2:16 am
Forum: Personal Investments
Topic: Are there ways to use 401k's and ROTH IRA's strategically together?
Replies: 21
Views: 2547

Re: Are there ways to use 401k's and ROTH IRA's strategically together?

1789 wrote:
Thu Nov 21, 2019 3:26 pm
How did you decide roth 401k is right for you?
What is your age?
When do you expect to retire?
How much pretax 401k balance do you have now?
Are you single/married filling jointly?
Updated main thread to answer some of these questions. Thanks
by nofacetimber
Thu Nov 21, 2019 3:53 pm
Forum: Personal Investments
Topic: Are there ways to use 401k's and ROTH IRA's strategically together?
Replies: 21
Views: 2547

Re: Are there ways to use 401k's and ROTH IRA's strategically together?

For a vast majority of people, traditional 401k is the right answer. For a very small percentage of people ... such as those who would be doctors, lawyers and other high paying professionals who expect a substantial increase in income, Roth 401k is the right answer. It may also be the right answer ...
by nofacetimber
Thu Nov 21, 2019 3:09 pm
Forum: Personal Investments
Topic: Are there ways to use 401k's and ROTH IRA's strategically together?
Replies: 21
Views: 2547

Re: Are there ways to use 401k's and ROTH IRA's strategically together?

Thank you, I misspoke. Yes I have a ROTH 401k. Which in the past I wrongly assumed that contributions to the ROTH 401k counted against my personal ROTH IRA contribution limits.
by nofacetimber
Thu Nov 21, 2019 2:51 pm
Forum: Personal Investments
Topic: Are there ways to use 401k's and ROTH IRA's strategically together?
Replies: 21
Views: 2547

Are there ways to use 401k's and ROTH IRA's strategically together?

I recently realized that through work I can contribute to a ROTH IRA (actually 401k as others have pointed out) up to the maximum amount that the traditional 401k qualifies for. (19.5k for 2020) At my age I definitely prefer the benefits of tax free growth over pre-tax savings. So i'm thinking of sh...
by nofacetimber
Mon Mar 26, 2018 12:15 pm
Forum: Personal Investments
Topic: Buying a two family “investment” home
Replies: 33
Views: 3475

Re: Buying a two family “investment” home

Is it ever wise to put less than 20% on a property? I would say yes, but obviously this is situational and the decision should be made only after some careful consideration. Back in early 2016 I did a similar thing, I put down 10% on a property where I could rent out a portion of the basement. I pu...
by nofacetimber
Thu Dec 28, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: S&P500 Indexing stay away? - does article make valid points?
Replies: 18
Views: 3559

S&P500 Indexing stay away? - does article make valid points?

Found this article interesting, he warns that the index is front loaded with the top companies and so may not be as diverse as you would think. Another interesting tidbit: According to the article twitter's has had three straight quarters of year-on-year revenue declines, yet it's stock is up 45% th...
by nofacetimber
Wed Dec 27, 2017 6:03 pm
Forum: Personal Investments
Topic: Invest in Target fund or 3 fund portfolio?
Replies: 14
Views: 2203

Re: Invest in Target fund or 3 fund portfolio?

Thank you all for the feedback.
by nofacetimber
Wed Dec 27, 2017 12:27 pm
Forum: Personal Investments
Topic: Invest in Target fund or 3 fund portfolio?
Replies: 14
Views: 2203

Invest in Target fund or 3 fund portfolio?

What are the advantages/disadvantages of going one route vs the other? One concern I have with the 3 fund portfolio and I don't know if this is a valid concern is that in order to re-balance I would have to sell and then buy at the close of the next business day, essentially removing those funds fro...
by nofacetimber
Wed Dec 06, 2017 12:17 pm
Forum: Personal Investments
Topic: ETRADE - Northern Stock Index - FEES
Replies: 5
Views: 816

Re: ETRADE - Northern Stock Index - FEES

Thanks for the info.
by nofacetimber
Sun Dec 03, 2017 10:29 am
Forum: Personal Investments
Topic: ETRADE - Northern Stock Index - FEES
Replies: 5
Views: 816

Re: ETRADE - Northern Stock Index - FEES

"And why are you putting taxable bonds [NOBOX] in what appears to be a taxable account?"

Curious as to why this appears to be a taxable account to you. It's a Roth IRA.


Thank you for the responses.
by nofacetimber
Fri Dec 01, 2017 4:37 pm
Forum: Personal Investments
Topic: ETRADE - Northern Stock Index - FEES
Replies: 5
Views: 816

ETRADE - Northern Stock Index - FEES

Hey guys, I have had an account with ETRADE for a while and throughout the whole year have been purchasing Northern Stock Index stock i.e. (NOSIX,NOBOX,NOINX) these transactions have always been free. Until today I noticed that all of a sudden ETRADE is charging $19.99 per transaction on these stock...
by nofacetimber
Thu Jul 27, 2017 2:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. Stock Market — My, How You’ve Changed!
Replies: 52
Views: 6835

Re: U.S. Stock Market — My, How You’ve Changed!

I think you bring up a valid point and concern.

For me, this is just another reason not to have all my eggs in one basket.
by nofacetimber
Mon Jun 05, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgages for seniors
Replies: 8
Views: 1380

Re: Mortgages for seniors

I'm in the process of helping my Grandpa (Age 87) get a refinance on a home. He has been paying the mortgage at an interest rate of 6.75% for years. But because of some land dispute issues that are finally resolved (thankfully), we are now looking to refinance. The lender didn't indicate any issues ...
by nofacetimber
Mon Apr 10, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing to put less than 20% down...why is this wrong?
Replies: 51
Views: 6867

Re: Choosing to put less than 20% down...why is this wrong?

My wife and I were in this situation in 1997. For a house that cost us $408K. We *could* have put 20% down, but then would have been low on cash. Instead, we got an 80/10/10 mortgage (technically, two mortgages). So, first mortgage was for 80% of value ($320K) , no PMI, 30 year fixed. Second mortga...
by nofacetimber
Mon Apr 10, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing to put less than 20% down...why is this wrong?
Replies: 51
Views: 6867

Re: Choosing to put less than 20% down...why is this wrong?

I've been through it 2 times (purchased two houses at 10% down). I was looking at the house purchases as investments, so I was anxious to get into them right away when a good prospect came along. Getting rid of PMI can be a pain, with my first house in 2012 I paid down to the 20% within a year (roug...
by nofacetimber
Fri Mar 17, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 14333

Re: Anyone else taking less risk

Coming from someone with a mortgage Yes, I am aggressively paying off my mortgage while contributing up to the company match in the 401k and fully funding my Roth IRA. Would like to fully fund the IRA but am taking the guaranteed return to minimize risk. Once the debts are taken care of I'm all in, ...
by nofacetimber
Thu Feb 16, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1419
Views: 372885

Re: Share your net worth progression

TheTimeLord wrote:<sigh>
What was that about?
by nofacetimber
Thu Feb 09, 2017 5:43 pm
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 509
Views: 67376

Re: Your USER NAME...what does it mean?

Totally random, but one day I happened to be thinking about trees found in video games. Not normal trees, the ones with facial features. (e.g. The Great Duku Tree, or Old Father/Ancient Oak) These great trees always play an important role and represent an entity with long existence resulting in vast...
by nofacetimber
Wed Feb 01, 2017 6:50 pm
Forum: Investing - Theory, News & General
Topic: Stock return charts include expense?
Replies: 4
Views: 724

Re: Stock return charts include expense?

Thanks for asking this question, I have always wondered the same thing but figured the expense ratios were factored in. I have an additional question though. I don't know how common it is for expense ratios to change, however lets say a fund had .15% expense ratio for 12 of the last 15 years. But 3 ...
by nofacetimber
Sat Jan 28, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1419
Views: 372885

Re: Share your net worth progression

Here are some rough estimates. 2011: (-11,000) - Received Bachelors Degree - Had some student debt. Started first career job. 2012: 2,000 2013: 19,000 2014: 38,000 2015: 54,000 2016: 112,000 2017: 260,000 Unfortunately I didn't start tracking my Net Worth until just recently.. An always up to date g...
by nofacetimber
Wed Jan 25, 2017 2:59 pm
Forum: Personal Investments
Topic: What Percentage (%) of Your Net Worth Should You Invest?
Replies: 13
Views: 6781

Re: What Percentage (%) of Your Net Worth Should You Invest?

I believe 100% of your net worth should be in some type of investment. To Provide growth and security to protect that growth.. For example an emergency fund so your investments aren't hindered by unexpected financial crises. Now the allocations of those investments depend on your knowledge/preferenc...
by nofacetimber
Mon Jan 02, 2017 4:18 pm
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 7139

Re: This is a good weekend to start tracking your net worth.

I have been tracking my NetWorth for about 4 months now, but with my online statements from bank accounts I should be able to go back 4 yrs and 3 yrs and 2 yrs, 1 year etc.. To get a reasonable idea of my net worth and progress over time. But since I started tracking NetWorth four months ago it's de...
by nofacetimber
Tue Dec 27, 2016 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track your finances?
Replies: 79
Views: 10132

Re: How do you track your finances?

I have been looking for an opportunity to share something I have been working on the past couple months, and it relates to tracking finances so thought this would be a good time to share. Me and wife have always been quite deliberate with our finances, but never consistent with budgeting. When star...
by nofacetimber
Fri Dec 23, 2016 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track your finances?
Replies: 79
Views: 10132

Re: How do you track your finances?

I have been looking for an opportunity to share something I have been working on the past couple months, and it relates to tracking finances so thought this would be a good time to share. Me and wife have always been quite deliberate with our finances, but never consistent with budgeting. When start...
by nofacetimber
Tue Nov 01, 2016 4:33 pm
Forum: Personal Investments
Topic: Three-fund Portfolio - International Index Skepticism
Replies: 6
Views: 1624

Re: Three-fund Portfolio - International Index Skepticism

Wow, Thank you all for your responses and resources you provided. You have giving me some comfort knowing it's not such a black and white decision, this definitely gives me some food for thought. Thank you TomCat96 especially for the feedback, once I make a decision on my portfolio allocation, I wil...
by nofacetimber
Mon Oct 31, 2016 3:35 pm
Forum: Personal Investments
Topic: Three-fund Portfolio - International Index Skepticism
Replies: 6
Views: 1624

Three-fund Portfolio - International Index Skepticism

I am fairly new to the stock market in general, so I am looking for a sound but uncomplicated investment strategy. The three fund portfolio looks like it fits the bill, however I am concerned about the International Index funds, when I look at the growth of such funds (NOINX, VXUS) over 10 years. 10...