Search found 47 matches

by sassy_penguin
Thu Jan 03, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 159
Views: 7751

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

I just put in to get $6,000 of VTSAX about 10 minutes ago. Does anyone know off-hand if it is early enough in the day that it means my buy will happen at close-of-trading-day prices today? Or will it still possibly wait until tomorrow? You will get today's closing NAV if you are using a real broker...
by sassy_penguin
Thu Jan 03, 2019 10:34 am
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 159
Views: 7751

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

I just put in to get $6,000 of VTSAX about 10 minutes ago. Does anyone know off-hand if it is early enough in the day that it means my buy will happen at close-of-trading-day prices today? Or will it still possibly wait until tomorrow?
by sassy_penguin
Thu Dec 27, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: Will the real contrarians please stand up?
Replies: 58
Views: 3968

Re: Will the real contrarians please stand up?

I own no bonds. That's a very bold move, assuming that means 100% stocks. You are far braver than me. I like having $600K+ in high quality short-term bonds that I could sell if needed instead of being forced to sell stocks when they are down. I could never handle the volatility of 100% stocks. Almo...
by sassy_penguin
Wed Dec 26, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks vs 80% just to rebalance? (Edit: Inside retirement accounts)
Replies: 24
Views: 2509

Re: 100% stocks vs 80% just to rebalance?

Lots of places to find this information, but even 40% bonds beat stocks over the period from 2000 to just a few years ago...oh wait, it's back ahead again as of Monday. So that's about 19 years with 100% stock losing to 60/40. http://i.imgur.com/xXFP6v1.png Which website is this from? Does it assum...
by sassy_penguin
Tue Dec 25, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Vanguard says international will beat US stocks in next decade
Replies: 155
Views: 14731

Re: Vanguard says international will beat US stocks in next decade

Do VEMAX and VTIAX have much overlap? I see that 21.3% of VTIAX is Emerging Market. That would be ~1357 stocks. But VEMAX has ~4597 emerging market stocks. Are the ones in VTIAX likely just the largest 1357 by market cap from the longer list VEMAX has? I feel pretty diversified since I only hold VTS...
by sassy_penguin
Mon Dec 24, 2018 6:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard says international will beat US stocks in next decade
Replies: 155
Views: 14731

Re: Vanguard says international will beat US stocks in next decade

It baffles me how patriotic many US investors seem to be when it comes to asset allocation. For example, stocks in my small home country have beaten US stocks since probably the 1960s. Also, there is less corruption than in the US. In fact, my country is the most stable, best governed, safest and f...
by sassy_penguin
Sat Dec 22, 2018 4:02 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 470
Views: 106625

Re: Forum software upgrade bug reports and change requests

Per LadyGeek sharing the link to here, I wanted to note my interest in the ability to show fewer posts per page in the threads. It is not a deal-breaker, and I will continue to come to the site regardless, but it would be a definite nice-to-have. Also, thank you for all your help in making this site...
by sassy_penguin
Sat Dec 22, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 175
Views: 11874

Re: All the "should I be 100% stocks" threads over the last year.

I am much closer to the beginning of my investing career than the end. I am 100% stock and see no reason to change that until retirement is much closer. If I have a pension that can cover my expenses in retirement, I would consider staying all-stock forever. If not, as I get closer to the end of wor...
by sassy_penguin
Sat Dec 22, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790213

Re: U.S. stocks in free fall

I feel I owe you all an apology. I only started investing in Vanguard in January 2017. Every time I get close to $100,000 total, there is a drop, haha. I, unfortunately, took a large paycut at a new job this year, so my ability to invest in non-tax advantaged accounts has been greatly curtailed. Rat...
by sassy_penguin
Sun Dec 16, 2018 6:18 pm
Forum: Investing - Theory, News & General
Topic: What's the impact of no more Roth recharacterization?
Replies: 37
Views: 4469

Re: What's the impact of no more Roth recharacterization?

What is the penalty if you make a full Roth contribution in January, but get a pay raise or bonus that puts you well over the income limit and/or phaseout entirely? You are still allowed to recharacterize a contribution. You just can't recharacterize a conversion anymore. Thanks :) Guess I will pro...
by sassy_penguin
Sun Dec 16, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: What's the impact of no more Roth recharacterization?
Replies: 37
Views: 4469

Re: What's the impact of no more Roth recharacterization?

What is the penalty if you make a full Roth contribution in January, but get a pay raise or bonus that puts you well over the income limit and/or phaseout entirely?
by sassy_penguin
Tue Dec 04, 2018 11:46 pm
Forum: Personal Consumer Issues
Topic: Anyone else not enjoy going out?
Replies: 68
Views: 12180

Re: Anyone else not enjoy going out?

What is the definition of "going out"? Is it not being at home? Or Is it going to a restaurant or a bar? Does "going out" imply being with other people? Does it imply being with people you know? Here in the metropolitan D.C. area there are numerous opportunities not to be at home. They do not invol...
by sassy_penguin
Mon Dec 03, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 145
Views: 14574

Re: Retirement itch- when did you get it?

At age 32. I wish I knew enough to know the bare minimum to pull the trigger. I sometimes worry about doing the math, because I could see it truly becoming all-consuming.
by sassy_penguin
Sat Dec 01, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Health Insurance
Replies: 20
Views: 859

Re: Federal Employee Health Insurance

I had Kaiser in the DC area a few years ago. I liked it just fine. Everything was easy. I dropped it when I moved out of the area. After returning, I decided for next year to go with United Healthcare over Kaiser because United offers $500 per eligible person on the plan towards basic dental (cleani...
by sassy_penguin
Fri Nov 30, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 6183

Re: Advice on Divorce Settlement Options

Marriage is now optional, so don't do it. In NJ 1/2 of everything, even things not yet received, are gone. The only exception is if one is a 100% combat disabled veteran; then all pension payments and savings are untouchable Why do you say marriage is now optional? Or do you just mean it is more so...
by sassy_penguin
Mon Nov 12, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617706

Re: What's Your Credit Card Rewards Strategy?

I had $7,000 and it said I could only lower to $5,000 online. I figured I'd check again ina month and see ifi could do it incrementally. Not sure if you are already aware of it, but lowering your credit limit hurts you on FICO scores. You should be aiming to maximize the credit limit as much as you...
by sassy_penguin
Mon Nov 12, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617706

Re: What's Your Credit Card Rewards Strategy?

The only thing that annoys me is the USAA card has to have $5,000 as a minimum credit limit. I'd like it to be lower, but alas...not a bad financial setup, all things considered. Is the $5k credit limit a requirement for the USAA card? I have an old USAA card with a $2.9k credit limit. Otherwise yo...
by sassy_penguin
Mon Nov 12, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617706

Re: What's Your Credit Card Rewards Strategy?

My oldest credit card by over a decade is one from USAA. I have Netflix set to auto-bill to it, and don't use it for anything else. I figure it would be bad to lose the age of it, so I want something billing on it monthly to ensure it never gets closed for lack of use. For its first year, I was a bi...
by sassy_penguin
Tue Oct 23, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Does Paying Off Installment Loan Early Stop It From Helping Credit?
Replies: 3
Views: 484

Does Paying Off Installment Loan Early Stop It From Helping Credit?

I recently bought a car. I had not had anything beyond regular credit card use (paid in full monthly) for many years on my credit, so I figured I'd take a small loan to help my credit. My credit score is ~795. I financed the loan over 3 years, and there is no penalty to pay it off early. The loan ha...
by sassy_penguin
Sun Oct 14, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Any downside to small brokerage buys?
Replies: 5
Views: 922

Re: Any downside to small brokerage buys?

Commission will kill you if you make small transactions (unless you're buying something that's commission free). +1 Try to keep commissions under 2% of total being invested. Less is even better. The two are index funds through Vanguard. VTSAX and VTIAX. My understanding is that there is no transact...
by sassy_penguin
Sat Oct 13, 2018 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Any downside to small brokerage buys?
Replies: 5
Views: 922

Any downside to small brokerage buys?

I recently took a bit of a pay cut in moving to a new position. I can still fill up all my available tax-advantaged options (Roth, work 401k, etc...), but am left with only a small additional amount past that that is not allocated for a budget. If I can only do buys twice a month into a brokerage th...
by sassy_penguin
Wed Jun 06, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Helping A Parent Escape High Fees/Optimizing A Taxable Managed Account
Replies: 11
Views: 994

Re: Helping A Parent Escape High Fees/Optimizing A Taxable Managed Account

Alright, thanks so much for everyone's thoughts. I was able to get some more information overall. My mom is the only one we need to worry about for this because the other half is only putting in enough for a match with his 401k option and is not interested in increasing savings/investment for now. F...
by sassy_penguin
Wed Jun 06, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 11388

Re: What are you doing with cash?

What are you doing with cash? Spending it. Yes, that is the American way. It's just not the Boglehead way. Sure it is Leif..... 70 and into 7 years retired ,,, pension and SS pay all the bills. RMD and draw from taxable are cash for travel, I spend that money. There are no bonus points for being ri...
by sassy_penguin
Mon Jun 04, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Helping A Parent Escape High Fees/Optimizing A Taxable Managed Account
Replies: 11
Views: 994

Re: Helping A Parent Escape High Fees/Optimizing A Taxable Managed Account

My parents file jointly.... Might be best to consider the overall financial picture for the two of them in that case. Yes, you are right. My dad is a little more old school and not really into discussing financial specifics with his child, which I can respect. He listens to the conversations with m...
by sassy_penguin
Mon Jun 04, 2018 2:20 am
Forum: Investing - Help with Personal Investments
Topic: Helping A Parent Escape High Fees/Optimizing A Taxable Managed Account
Replies: 11
Views: 994

Re: Helping A Parent Escape High Fees/Optimizing A Taxable Managed Account

I am mostly asking about step 3 as 1/2 are already decided on. 3) Set her USAA taxable managed account to send dividends to her that she will then roll into her VTSMX above (I am unsure if these can be set to go straight to the Vanguard brokerage once it is set up). My thinking was that this would ...
by sassy_penguin
Mon Jun 04, 2018 1:49 am
Forum: Investing - Help with Personal Investments
Topic: Helping A Parent Escape High Fees/Optimizing A Taxable Managed Account
Replies: 11
Views: 994

Helping A Parent Escape High Fees/Optimizing A Taxable Managed Account

Unfortunately, I neglected to share the great knowledge I have gotten at this forum with my mom in time. The good news is, she has socked away a decent bit of money the last couple of years and has had an IRA for a long time. The bad news is, both are with USAA and facing fees of over 1%. Not exactl...
by sassy_penguin
Thu May 31, 2018 2:40 am
Forum: Personal Finance (Not Investing)
Topic: Anyone at Goldman Sachs/Marcus bank 1.5%?
Replies: 44
Views: 11379

Re: Anyone at Goldman Sachs/Marcus bank 1.5%?

I moved my emergency fund to Marcus when it was at 1.5% a couple of months ago. It has ticked to 1.6% and now 1.7% since. I can't believe I let my money languish in the pathetic "high-yield savings account" at USAA for so long :oops:
by sassy_penguin
Tue May 29, 2018 1:25 am
Forum: Investing - Theory, News & General
Topic: Theory: Total World Index a Sure Fire Win [VT/VTWSX]
Replies: 155
Views: 16145

Re: Theory: Total World Index a Sure Fire Win [VT/VTWSX]

VTWSX (Total World Stock): 8099 stocks VTSAX (Total Stock Market): 3629 stocks VTIAX (Total Int'l Stock): 6327 stocks Why doesn't the top one total the number of holdings of the other two? I personally only get into investing beyond a little bit in my 401k in the last year. I do a split of 75% VTSAX...
by sassy_penguin
Wed Mar 14, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Doing a Backdoor Roth Early in the Tax Year
Replies: 9
Views: 1355

Re: Doing a Backdoor Roth Early in the Tax Year

Not sure I follow. You’re committing to the Roth conversion from day one (I do the same). Why does the Roth income limit have any impact on what you do at tax season? I have no idea :D I have made over the limits for the TIRA for a while, but always well under the Roth cap. This is the first year I...
by sassy_penguin
Tue Mar 13, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Doing a Backdoor Roth Early in the Tax Year
Replies: 9
Views: 1355

Doing a Backdoor Roth Early in the Tax Year

I will make too much for a tax-deductible TIRA this year no matter what. I won't know until later in the year if I make too much for a regular Roth contribution, but it seems likely. Since recharacterizations have gone away, I wanted to double check my thinking before taking action. I currently don'...
by sassy_penguin
Tue Dec 19, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Question & Cost Basis Method (Vanguard)
Replies: 6
Views: 585

Re: Tax Question & Cost Basis Method (Vanguard)

Looks like I just need to wait until mid-February for the Vanguard tax forms, file the regular 1040 due to income level (I learned this when googling just now, apologies for not doing that first), and stick with Specific Identification as the Cost-Basis Method whenever I stop accumulating and start ...
by sassy_penguin
Tue Dec 19, 2017 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Question & Cost Basis Method (Vanguard)
Replies: 6
Views: 585

Tax Question & Cost Basis Method (Vanguard)

As 2017 winds down, this will be the first year I ever have money in the stock market that isn't inside a TIRA or Roth. 1) Are there any particular things to look out for or to think ahead on for tax time? I only bought this year, and reinvested everything. Should I just anticipate a single tax form...
by sassy_penguin
Fri Aug 11, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: "The Simple Path to Wealth" -- A Gem
Replies: 31
Views: 15227

Re: "The Simple Path to Wealth" -- A Gem

I think any book that recommends 100% stocks is dangerous - especially one meant for beginners. A lot of these bloggers are 100% stocks and maybe they can handle it but not many others. A lot started their blogs after 2008 too. Not sure when this one started. I skim many of the "FIRE" websites, and...
by sassy_penguin
Tue Aug 01, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1263

Re: Is a TSP considered an IRA? Post-tax IRA Conversion Question

TL;DR version since I realized I am quite verbose, haha. Going forward, I need to just: 1. continue maxing TSP each paycheck, 2. start maxing my 401(a) contribution per check since I don't need to worry about hitting the Defined Contribution Limit, 3. put the rest of my available investment/savings ...
by sassy_penguin
Tue Aug 01, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1263

Re: Is a TSP considered an IRA? Post-tax IRA Conversion Question

Even if you can't go directly, with a split rollover you can send the after-tax contributions to the Roth and the earnings to a TIRA. You could, if you wanted, then roll that TIRA into the TSP. Or you could leave it if you aren't doing regular Backdoor Roth operations. Thanks! I will still hopefull...
by sassy_penguin
Mon Jul 31, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1263

Re: Is a TSP considered an IRA? Post-tax IRA Conversion Question

PS I did roll ~$10,222 of an old TIRA from USAA into my TSP within this calendar year. About $8,000 of it was contributions, so around $2200 in profit. I guess I'd need to figure that in somehow if I just did the "cut a big check for the outstanding difference of my Defined Contribution Limit" optio...
by sassy_penguin
Mon Jul 31, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1263

Re: Is a TSP considered an IRA? Post-tax IRA Conversion Question

Even if you can't go directly, with a split rollover you can send the after-tax contributions to the Roth and the earnings to a TIRA. You could, if you wanted, then roll that TIRA into the TSP. Or you could leave it if you aren't doing regular Backdoor Roth operations. Thanks! I will still hopefull...
by sassy_penguin
Mon Jul 31, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1263

Re: Is a TSP considered an IRA? Post-tax IRA Conversion Question

That is great news on the TSP not being considered an IRA in any way! Here is some more background: I only have a TSP and a Roth IRA. I am looking at investing into my company's 401(a) with after tax dollars. Once a year I can do a partial withdrawal of everything except for a minimal amount per pay...
by sassy_penguin
Mon Jul 31, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is a TSP considered an IRA? Post-tax IRA Conversion Question
Replies: 9
Views: 1263

Is a TSP considered an IRA? Post-tax IRA Conversion Question

I think the answer is no, but cannot seem to get a "for certain" answer on this. I am mainly asking in the context of rolling a traditional IRA to a Roth IRA in early retirement as part of a Roth Conversion Ladder. 1. Does the amount of cash I have in my TSP effect this at all in terms of the pro-ra...
by sassy_penguin
Mon Apr 03, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3878

Re: Questions on Three-Fund Portfolio

Hello. I wanted to thank everyone so far for helping me get things going on setting myself up for the future. A few updates: My Roth IRA is being processed into Vanguard as I type this. It says 6-8 weeks to complete the transaction. As of today I have ~$5,734.57 in VFIFX with ~$12,433.17 coming over...
by sassy_penguin
Mon Jan 09, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3878

Re: Questions on Three-Fund Portfolio

Sassy -- a few thoughts for you. First - when looking at income limits realize that the 61k limit is modified adjusted gross income so you subtract exemptions & deductions, & add back some other stuff. You may already know this but ..... Second - you can allocate your contributions to a traditional...
by sassy_penguin
Sat Jan 07, 2017 3:56 am
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3878

Re: Questions on Three-Fund Portfolio

Greetings from a fellow fed! Congratulations on getting thinking about this stuff at a relatively young age. Here are my thoughts: 1. Before you accumulate more cash for investments in a taxable account (at USAA, Vanguard, or wherever), you might want to seriously consider substantially increasing ...
by sassy_penguin
Mon Jan 02, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3878

Re: Questions on Three-Fund Portfolio

Alright, so I just realized I made my first mistake (other than not investing/saving more up to now)! I wanted to invest the max for IRAs last year, and last week I decided to put $5500 into the traditional IRA I have. I just realized that according to this chart I get no deduction since I made over...
by sassy_penguin
Sun Jan 01, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3878

Re: Questions on Three-Fund Portfolio

Alright, ruralavalon! I updated the original post to the best of my ability. Kind of embarrassing I can't even tell you how much is in my TSP at work. I always thought retirement investing was of the "set it and forget it" type, so I haven't tracked it much. I will try to get hard numbers.
by sassy_penguin
Wed Dec 28, 2016 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3878

Re: Questions on Three-Fund Portfolio

Thanks for your replies everyone. Lazylarry, I like your thought to stick with my allocation percentage with my initial investments and not do 10k in each! In terms of marginal tax rate, I am not totally sure. Playing with an online calculator, it looks to be ~31% or so. More responses to larry: I d...
by sassy_penguin
Mon Dec 26, 2016 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on Three-Fund Portfolio
Replies: 14
Views: 3878

Questions on Three-Fund Portfolio

I have some general questions. First, I seem to find different names for what seem to be the same things: VTSMX/VTSAX (total stock market index), VGTSX/VTIAX (total int'l stock market index), and VBMFX/VBTLX (total bond market), Is the difference just that one is the slightly lower fee Admiral versi...