Search found 76 matches

by monsterid
Tue Feb 21, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Contributions to a non-deductible tIRA vs. taxable
Replies: 12
Views: 370

Re: Contributions to a non-deductible tIRA vs. taxable

SRenaeP wrote:Consider opening a solo 401k. Then roll the SEP-IRA into that. That will then clear the way for you to do backdoor Roth IRAs for you and DW.

-Steph


Do this.
by monsterid
Sun Feb 12, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: Schwab lowers fees. Lowest out there?
Replies: 8
Views: 887

Re: Schwab lowers fees. Lowest out there?

Yes it makes it the lowest out there. No a 0.02 difference in ER doesn't make a difference.

Both Vanguard and Schwab are good.
by monsterid
Sun Feb 12, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Need investment advice for a high tax bracket NYC resident
Replies: 13
Views: 1277

Re: Need investment advice for high tax bracket NYC resident

I'm in a somewhat similar position to you OP. My biggest thing is we are already so leveraged to equity market performance 930-4 M-F that I'd prefer to have some diversification from that. Beyond that thought the only two other items I'd look at are tax minimization strategies and increasing your sa...
by monsterid
Sun Feb 12, 2017 1:00 am
Forum: Forum Issues and Administration
Topic: welcome home bogleheads.org
Replies: 30
Views: 2584

Re: welcome home bogleheads.org

Out of interest who provides your upstream? They're peered with the backbones at the highest levels. The bogleheads.org server is less than two milliseconds from Level 3. Larry :sharebeer tier 1, nice! I had assumed you guys would be on DO, AWS. This must have a better cost benefit for boglehead pu...
by monsterid
Sat Feb 11, 2017 11:34 pm
Forum: Forum Issues and Administration
Topic: welcome home bogleheads.org
Replies: 30
Views: 2584

Re: welcome home bogleheads.org

Looks nice a cool.

Out of interest who provides your upstream?
by monsterid
Thu Feb 09, 2017 9:54 pm
Forum: Investing - Theory, News & General
Topic: Do Index Funds/ETF really hold a fraction of each company it tracks?
Replies: 21
Views: 1589

Re: Do Index Funds/ETF really hold a fraction of each company it tracks?

On thing that is actually kind of fun is to look way down at the bottom of the holdings list to see the small little holdings it has. For example, the iShares Total US Stocks Market ETF (ITOT) has $6.9 billion in assets. It owns $365 worth of XG Technology Inc (XGTI) and $63 worth of Delcath System...
by monsterid
Thu Feb 09, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Aspiring Boglehead Seeking Advice
Replies: 13
Views: 528

Re: Aspiring Boglehead Seeking Advice

You have absolutely wonderful options in your 401k. Why do you think otherwise? Do you expect to be in higher tax bracket in the future or expect similar income going forward? If you don't expect huge salary jump I would try and max out 401k and contribute to Roth IRA. Traditional makes sense for m...
by monsterid
Thu Feb 09, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads - Need Help Investing $
Replies: 10
Views: 715

Re: New to Bogleheads - Need Help Investing $

If you are serious about quitting your job and exploring your "side hustle", I would keep a healthy stash of cash reserves to buy you some time while you transition. Set up a Traditional or Roth IRA to get the tax benefits and start saving for retirement. Invest in diversified index funds...
by monsterid
Thu Feb 09, 2017 6:00 pm
Forum: Investing - Theory, News & General
Topic: Do Index Funds/ETF really hold a fraction of each company it tracks?
Replies: 21
Views: 1589

Re: Do Index Funds/ETF really hold a fraction of each company it tracks?

I don't understand what you mean by "not enough shares outstanding"?
by monsterid
Tue Feb 07, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: US Citizen: Where to Park AUD?
Replies: 1
Views: 164

Re: US Citizen: Where to Park AUD?

I also had some AUD which recently became liquid. My view on currency is that the USD strengthens over the AUD over the medium term primarily because of a rising rate environment here and a falling rate environment in Australia. Therefore I moved those funds to USD and invested it per my AA. I liter...
by monsterid
Mon Feb 06, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws Estate Planning - Wisdom Wanted
Replies: 50
Views: 2165

Re: In-Laws Estate Planning - Wisdom Wanted

I think it's obvious why they want the ROFR.

If the OP gets divorced the family wants to be able to buy him out of the family home for the wife.
by monsterid
Mon Feb 06, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with Cash
Replies: 7
Views: 784

Re: What to do with Cash

I'd tip anything above your 6 month emergency fund into your investment accounts split into your desired AA.
by monsterid
Mon Feb 06, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is it better to get a mortgage from a local/small lender?
Replies: 27
Views: 2282

Re: Is it better to get a mortgage from a local/small lender?

Shop around like you would do for any major purchase. Often local banks and particularly credit unions are more competitive on rates and fees than larger institutions.

Don't take your agents word for it, do the work go see at least 3 banks/credit unions.
by monsterid
Sun Feb 05, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is whole life necessary with no debt?
Replies: 22
Views: 1506

Re: Is whole life necessary with no debt?

You mention "safe 7 % return".....I'd like to see that in writing!! Agree with compound, you should consider a shorter second term policy, 20 year should suffice. Buy term invest difference in premiums. You'll come out ahead. Whole life is only advisable in tax advantaged situations imho.
by monsterid
Thu Feb 02, 2017 2:00 pm
Forum: Investing - Theory, News & General
Topic: Schwab reduces index mutual fund ER and trade commission
Replies: 43
Views: 3485

Re: Schwab reduces index mutual fund ER and trade commission

From 3/1/17, the cost for the 3-fund portfolio using mutual funds at Schwab are US total stock SWTSX ER 0.03% US Aggregate Bond SWAGX ER 0.04% International index SWISX ER 0.07% SWISX doesn't give you EM right? That's just developed international. Correct. SWISX does not include EM. Then you need t...
by monsterid
Thu Feb 02, 2017 1:49 pm
Forum: Investing - Theory, News & General
Topic: Schwab reduces index mutual fund ER and trade commission
Replies: 43
Views: 3485

Re: Schwab reduces index mutual fund ER and trade commission

indexfundfan wrote:From 3/1/17, the cost for the 3-fund portfolio using mutual funds at Schwab are

US total stock SWTSX ER 0.03%
US Aggregate Bond SWAGX ER 0.04%
International index SWISX ER 0.07%


SWISX doesn't give you EM right? That's just developed international.
by monsterid
Thu Feb 02, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Milestone and gotta tell someone
Replies: 61
Views: 5373

Re: Milestone and gotta tell someone

Congratulations
by monsterid
Wed Feb 01, 2017 11:22 pm
Forum: Investing - Theory, News & General
Topic: Just watched Warren Buffett's new HBO Documentary
Replies: 50
Views: 6691

Re: Just watched Warren Buffett's new HBO Documentary

Many ways to watch none of which are legal without having HBO =). I also just watched it - fascinating. I don't think Boglehead theory says no-one can beat the market, clearly Buffet can, but I think it's hubris to think "the masses", "some" or even a "few" can consiste...
by monsterid
Wed Feb 01, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: One more can I afford $1.5M house
Replies: 56
Views: 3337

Re: One more can I afford $1.5M house

I suspect you are a doctor in a pretty great sub-speciality? That amount of loans and that income in a HCOL draws me to that conclusion. If so I'd rate your career as steady vs for example someone in finance. 2x gross income for a loan value to me is super reasonable. You have a big shovel, you've c...
by monsterid
Wed Feb 01, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Contributed to Roth IRA : Now want to do Backdoor
Replies: 3
Views: 274

Re: Contributed to Roth IRA : Now want to do Backdoor

Ring your IRA provider. They will have special instructions for you. First you'll need to withdraw your contribution $11,000 plus any gains from that contribution. You can then re-contribute that to your tIRA and then do the rollover. You will be taxed on any gains over the $11,000 you've made. I kn...
by monsterid
Wed Feb 01, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: One more can I afford $1.5M house
Replies: 56
Views: 3337

Re: One more can I afford $1.5M house

Gemini wrote:
orca91 wrote:Yes, you can afford it.


Even if her income drops in half? And the baby brings new expenses?


Yes. Your shovel is massive even if her income comes down.
by monsterid
Wed Feb 01, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: How do you save?
Replies: 39
Views: 4753

Re: How do you save?

The way I've always done it is to find more ways to make money. Seems like you are thinking of this with the constraint of making $90k for the HH, but what if you made $100k? Only a c.10% increase and might be achievable with some small side-gigs. That money would all drop to the bottom line and be...
by monsterid
Wed Feb 01, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Full time physician as S-Corp PLUS physician moonlighting
Replies: 32
Views: 2098

Re: Full time physician as S-Corp PLUS physician moonlighting

So if you are an employed corporate drone, and make, say 300K on W2, what additional taxes would you pay? It seems a bit cheeky to be able to declare 150K as "salary" and an additional 150K as "dividends" if you have no additional overhead. What am I missing? Nothing beyond some...
by monsterid
Wed Feb 01, 2017 12:32 am
Forum: Personal Finance (Not Investing)
Topic: How do you save?
Replies: 39
Views: 4753

Re: How do you save?

The way I've always done it is to find more ways to make money. Seems like you are thinking of this with the constraint of making $90k for the HH, but what if you made $100k? Only a c.10% increase and might be achievable with some small side-gigs. That money would all drop to the bottom line and be ...
by monsterid
Tue Jan 31, 2017 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp savings with W2 income
Replies: 4
Views: 250

Re: S Corp savings with W2 income

Yes this is what I thought. So in my instance given the $120k in "conventional" W2 income, I'm better off not using the S corp, as I'd have the extra costs but not the self employment tax advantage? You'd save some medicare tax as an S-Corp but not as much as you'd lose to the employer po...
by monsterid
Tue Jan 31, 2017 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp savings with W2 income
Replies: 4
Views: 250

Re: S Corp savings with W2 income

Your W-2 wages are close to the 2017 earnings limit of 127,200. If your self employed income filed using Schedules C/SE, then Schedule SE will see your W-2 social security wages and take them into consideration when determining your self employment tax. If you were S-Corp and paid your self a W-2 w...
by monsterid
Tue Jan 31, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp savings with W2 income
Replies: 4
Views: 250

S Corp savings with W2 income

I'm coming up against a tricky employment / tax situation in the coming year 2017 tax year: - W2 income: $120,000 - self employment income: $150,000 I currently have the self employment income running through a disregarded LLC. The nature of the vast majority of the LLC's income is consulting work, ...
by monsterid
Tue Jan 31, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: Betterment just raised their costs.
Replies: 125
Views: 10268

Re: Betterment just raised their costs.

Some of us prefer to spend our time doing other things besides monitoring portfolios quarterly and doing rebalancing. I'm willing to pay a small additional fee for that service. The key part being "small". Now I'm off to consider Schwab. Lucky I opened Schwab as I recently setup a solo 40...
by monsterid
Tue Jan 31, 2017 11:55 am
Forum: Investing - Theory, News & General
Topic: Betterment just raised their costs.
Replies: 125
Views: 10268

Re: Betterment just raised their costs.

I'm also super disappointed with this. Massive bait and switch. At 15 bps I felt comfortable with the TLH and rebalancing benefits. Now I'm concerned about them raising prices again in the future. What's to stop them? They didn't even grandfather in older customers. I've been trying to get someone f...
by monsterid
Sun Jan 29, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Chase Private Client presentation; your thoughts?
Replies: 23
Views: 3113

Re: Chase Private Client presentation; your thoughts?

Hmm. I'm Chase Private Client but I don't have any investments with them so no 1% of AUM..
by monsterid
Sat Jan 28, 2017 3:56 am
Forum: Personal Finance (Not Investing)
Topic: Most creative and/or high value change
Replies: 31
Views: 2373

Re: Most creative and/or high value change

I use credit card churn (and the associated points) to pay for virtually all my vacations. Usually get 2-3 long haul flights a year out of it plus some hotel stays.

Allows me to keep traveling (which I love) without significantly compromising my savings rate.
by monsterid
Wed Jan 25, 2017 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab U.S. Aggregate Bond ETF (SCHZ) please explain "spread issues".
Replies: 27
Views: 1580

Re: Schwab U.S. Aggregate Bond ETF (SCHZ) please explain "spread issues".

Having just done a number of Schwab ETF trades in the last two weeks I honestly never even saw a spread greater than -0.02 (which was SCHC), I ended up waiting until it hit -0.01 before buying. I don't really this liquidity issues are a huge deal anyone more Schwab ETFs like they were perhaps 5 year...
by monsterid
Tue Jan 17, 2017 5:30 pm
Forum: Investing - Theory, News & General
Topic: Junior and Senior Financial Independence
Replies: 35
Views: 1911

Re: Junior and Senior Financial Independence

Great article. Definitely some things I can take onboard.

Thanks for posting.
by monsterid
Tue Jan 17, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to tiny (part-time job) 401(k)?
Replies: 14
Views: 1041

Re: Should I contribute to tiny (part-time job) 401(k)?

monsterid: The project I am on is quite short. I will not earn $18,000 from it. I don't estimate I will earn more than $2000 from it and it may be as little as $500. It could always turn into more but I don't want to count on it or plan for it. Ah yes sorry missed the detail upfront. Sorry you shou...
by monsterid
Mon Jan 16, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to tiny (part-time job) 401(k)?
Replies: 14
Views: 1041

Re: Should I contribute to tiny (part-time job) 401(k)?

Could you not (as quickly as possible) max the $18k in the 401k plus do $5,500 into the Roth IRA either directly or backdoor as income limits dictate? That would maximize your total funds into tax advantaged accounts. If your part-time gig stops you can then roll the 401k into your tIRA and you've m...
by monsterid
Sat Jan 14, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k for self-employed spouse?
Replies: 12
Views: 518

Re: Solo 401k for self-employed spouse?

I thought the 20-25% varied based on if its LLC or S-corp?
by monsterid
Fri Jan 13, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k for self-employed spouse?
Replies: 12
Views: 518

Re: Solo 401k for self-employed spouse?

Yeah I only set it up last month. Game changer. I got myself custom documents made up by mysolo401k because I wanted the flex to mega-backdoor IRA in future, plus do 401k loans or potentially even invest in property via it later. But you can just use Vanguard, Fido or Schwab to do this as well. They...
by monsterid
Fri Jan 13, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k for self-employed spouse?
Replies: 12
Views: 518

Re: Solo 401k for self-employed spouse?

Since I don't know what my tax bracket will be, it would seem a Roth Solo 401k would be the best option (I did not know there is such a thing). I would have to be some taxes now but then the investments would grow tax-free. Just to be clear, she would be allowed to contribute to the Roth Solo 401k ...
by monsterid
Fri Jan 13, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3196

Re: Stay in paid-off starter house vs. dream house+work a few more years

I'd buy it. Would only take you 2 years to pay for it. Probably 1 if you put crazy intensity on it...

Seems like a no brainer to be in your "dream house".

You guys are killing it. Don't overthink it.
by monsterid
Fri Jan 13, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: 24 hour stop over at LHR, what all can I visit in London?
Replies: 31
Views: 1799

Re: 24 hour stop over at LHR, what all can I visit in London?

If it's a weekend, go watch some football =)
by monsterid
Fri Jan 13, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about leaving Ameriprise
Replies: 40
Views: 1537

Re: Thinking about leaving Ameriprise

Least you learnt early. You'll hopefully never be misinformed again! It's a blessing.
by monsterid
Fri Jan 13, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k for self-employed spouse?
Replies: 12
Views: 518

Re: Solo 401k for self-employed spouse?

You will; - take some gains in taxable - be able to contribute that cash to a tax advantaged account - if you do a t401k then you can deduct the contributions from your tax return thereby offsetting some or all of the taxable gains (likely all) - all future gains now either tax deferred or never tax...
by monsterid
Fri Jan 13, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring this May, please advise
Replies: 24
Views: 2942

Re: Retiring this May, please advise

Think about doing some part-time or casual work for $10k p.a. Will make a huge difference and give yourself the buffer on the 4% SWR to make you feel more comfortable. If things go well over the next few years you can pack it all in completely.

Congrats on your retirement!
by monsterid
Thu Jan 12, 2017 12:05 am
Forum: Investing - Help with Personal Investments
Topic: thoughts about financial advisors comments regarding roth 401k
Replies: 30
Views: 3275

Re: thoughts about financial advisors comments regarding roth 401k

I do a traditional 401k and Roth IRA to diversify. Any year I have a low taxable income (e.g. career break or something) I'd use the t->roth ladder strategy and push stuff across.
by monsterid
Tue Jan 10, 2017 11:46 am
Forum: Investing - Theory, News & General
Topic: ETF MKT% vs NAV% - what would make them diverge?
Replies: 4
Views: 266

Re: ETF MKT% vs NAV% - what would make them diverge?

Not sure. Could be some market making activity or something that's involved. Could be a desk somewhere hedging a exotic derivative with enough spread that they were OK buying at a prem to NAV.
by monsterid
Mon Jan 09, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: How're we doing?
Replies: 33
Views: 3420

Re: How're we doing?

I'd honestly move into a different house/apartment and rent for another year or two until you can clear the loan. Sure pay a bit more in rent so the first year or so is more manageable with the baby, but it will honestly put you in a much better position to buy the home. The last thing you want to d...
by monsterid
Mon Jan 09, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Doctors and retirement
Replies: 67
Views: 7258

Re: Doctors and retirement

gasdoc wrote:
travellight wrote:sambb, thanks for this very gracious sentiment:

"You gave up the best years of your life, from age 18-35 in libraries, studying, and working >80 hours a week in residencies so you could save my life."


+1. How refreshing!

gasdoc


+1. Amazing sentiment.

Go to advanced search