Search found 48 matches

by 747driver
Wed Jul 10, 2019 9:14 pm
Forum: Personal Investments
Topic: Math Question
Replies: 13
Views: 1636

Re: Math Question

Ah, I was translating them into Klingon first. Your way is much better. :P
by 747driver
Wed Jul 10, 2019 8:17 pm
Forum: Personal Investments
Topic: Re-balancing challenge....
Replies: 21
Views: 1267

Re: Re-balancing challenge....

retiredjg wrote:
Wed Jul 10, 2019 3:03 pm
The fact that you are concerned means you are not comfortable
Precisely. When I hear people post about "all time highs", I think that in reality they are nervous about a correction, and how much stock they have. That's my theory about Big Bang, anyway.
by 747driver
Wed Jul 10, 2019 7:56 pm
Forum: Personal Investments
Topic: Math Question
Replies: 13
Views: 1636

Re: Math Question

Man I hate story problems. :D
by 747driver
Wed Jul 10, 2019 11:12 am
Forum: Personal Investments
Topic: Re-balancing challenge....
Replies: 21
Views: 1267

Re: Re-balancing challenge....

Other than changing your AA, what does "scale back a bit" mean?

There have been recent highs for many decades; imo, this time shouldn't be any different.
by 747driver
Mon Jul 01, 2019 8:45 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2659
Views: 490342

15.3%

Per the Wiki returns spreadsheet, I'm up 15.3% YTD, 85/15.
by 747driver
Sun Jun 30, 2019 5:32 pm
Forum: Personal Investments
Topic: Any other options to reduce AGI / taxable income?
Replies: 30
Views: 1709

Re: Any other options to reduce AGI / taxable income?

ChinchillaWhiplash wrote:
Sun Jun 30, 2019 4:56 pm
Donations
+1. Donate to charity, especially your highly appreciated shares in your taxable account. Cheers.
by 747driver
Thu Jun 27, 2019 1:26 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 9450

Re: Dave Ramsey says to give up employer 401K match to pay down debt

A disordered relationship with money is what caused the initial problem. The cure is to put things back in their proper places. Money does not come first. In my experience, people who don't give to charity before they get rich usually don't give much to charity once they are rich. More money doesn'...
by 747driver
Tue Jun 18, 2019 4:57 pm
Forum: Personal Investments
Topic: After Tax Account Strategy
Replies: 7
Views: 1043

Re: After Tax Account Strategy

ExitStageLeft wrote:
Tue Jun 18, 2019 11:52 am
The long answer is that you would do yourself a huge favor by starting to view all your assets as a single portfolio.
Many people save in a brokerage account for things of a different investing horizon than simply retirement; college, weddings, cars, homes, etc.

What then - add munis and CDs?
by 747driver
Mon Jun 17, 2019 9:54 am
Forum: Personal Investments
Topic: Rollover 401k Options
Replies: 6
Views: 499

Re: Rollover 401k Options

It's only assumed so far, but your new employer doesn't have a 401(k)? If it does, and it's on par with your Vanguard account as far as funds and fees, just roll it over to your new 401(k) to keep your finances simpler. IF you don't have a new employer 401(k), then I agree with the others to leave i...
by 747driver
Mon Jun 17, 2019 9:51 am
Forum: Personal Investments
Topic: Mega backdoor roth, keep in Roth 401k or do in service rollover to Roth IRA
Replies: 11
Views: 1146

Index Funds and ER's

I think I am just going to keep my money in my Roth 401k now, to take advantage of the lower expense ratios and avoid the extra hassle and paperwork needed to do the in service rollover to my Roth IRA... Lots of small points being brought up, but boiling it all down, I think this is the right call....
by 747driver
Tue Jun 11, 2019 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Checking vs Capital One 360 Checking
Replies: 16
Views: 1876

Re: Ally Checking vs Capital One 360 Checking

Cap One 360 has one nice perk. They don’t really advertise it but you can use their brick and mortar locations for teller assistance (like larger transactions you need in person funds for) and cash deposits at atms. +1 to this. Being able to make use of a brick and mortar location when needed is ni...
by 747driver
Mon Jun 10, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: In-Plan Roth 401k Conversion?
Replies: 8
Views: 978

Re: In-Plan Roth 401k Conversion?

I do in-plan conversions of my after-tax contributions and keep them in my Roth 401(k) because the fees and funds are MUCH cheaper than what I can get in my personal Roth IRA. YMMV. My 401(k) at Fidelity has the option to automatically convert any after-tax contributions to the Roth 401(k) to keep t...
by 747driver
Fri Jun 07, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to get the lowest mortgage rate?
Replies: 29
Views: 4344

Re: How to get the lowest mortgage rate?

You will also get a lower rate if you escrow taxes and insurance opposed to paying those on your own. I didn't want to escrow, but I wanted a lower rate. So, I escrowed for six months, then called and had the escrow removed.
by 747driver
Thu May 30, 2019 11:55 am
Forum: Personal Investments
Topic: Change in 401K due to employer change
Replies: 17
Views: 899

Re: Change in 401K due to employer change

Agreed. A rollover is never a contribution. Think of it like this: What's being rolled over has already been contributed so it won't count as a contribution a second time.
by 747driver
Thu May 30, 2019 11:52 am
Forum: Personal Investments
Topic: Taxable Brokerage Account Help
Replies: 4
Views: 677

Re: Taxable Brokerage Account Help

If you already donate to charity and want to avoid the tax on selling your stocks, you could donate them instead of selling. Then use the cash you would have donated to buy your index fund.
by 747driver
Wed May 29, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a broker and contract when selling my house
Replies: 17
Views: 1335

Re: How to deal with a broker and contract when selling my house

So why have real estate agents held onto their 6%? The internet makes their job easier. No more trekking to the county courthouse to get comps. No more taking photos and getting them developed at the quickie photo mat. Buyers actively search out their own homes on realtor.com. +1 and totally agree....
by 747driver
Wed May 29, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Reduce retirement contributions or take out a mortgage?
Replies: 23
Views: 1330

Re: Reduce retirement contributions or take out a mortgage?

Sounds like your mind is kinda made up. If not, I'd ask again on the WCI forum, just to be sure. WCI himself preaches renting first, but what does he know? :D
by 747driver
Sat May 25, 2019 8:38 am
Forum: Personal Investments
Topic: wondering if I would be better served by etf's or should I stay put with MF's
Replies: 12
Views: 1716

Re: wondering if I would be better served by etf's or should I stay put with MF's

whodidntante wrote:
Fri May 24, 2019 8:07 pm
Bigchicken wrote:
Fri May 24, 2019 7:43 pm
Thanks, super conservative but plan to retire in 5 years.
User name checks out. :sharebeer
LOL
by 747driver
Fri May 24, 2019 1:01 am
Forum: Personal Investments
Topic: I need HSA advice!
Replies: 14
Views: 1798

Re: I need HSA advice!

the max you can put into an HSA for 2019 is $3500 prorated for the months that you are actually in a HD plan, so if you start you new plan on say, July 1, you are limited to $1750 ($3500/12*6). If you are 55+, you could add an additional $500 ($1000/12*6). Don't forget about The December Rule which...
by 747driver
Thu May 23, 2019 2:29 pm
Forum: Personal Investments
Topic: Mega backdoor Roth and Roth 401k
Replies: 10
Views: 881

Re: Mega backdoor Roth and Roth 401k

Do I roll over the after-tax contributions into a Roth IRA every month? Just roll them into your Roth 401(k). My MegaCorp 401(K) has lower fees than an IRA has, yours may too. If that's the case, it's better to have the money in your Roth 401(k) than in an IRA, just for the fees, imo. Plus, in-plan...
by 747driver
Wed May 22, 2019 3:22 pm
Forum: Personal Investments
Topic: Convince me that a 529 plan is a good idea.
Replies: 42
Views: 4158

Re: Convince me that a 529 plan is a good idea.

You believe that college might be free because of some flimsy campaign promises? Let your distrust of a bankrupt state of Illinois guide you here. Like others have said, save in the 529 with the low fee options. At worst, use the IL-529 up to your state deduction, then open another 529 from a state ...
by 747driver
Wed May 22, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6772

Delaying is not an 8% return

peagreenboat wrote:
Tue May 21, 2019 12:14 pm
8% per year guaranteed return is better than many/most other investments where you might have your money.
I believe someone else also pointed out, that delaying SS does not provide an 8% return.
by 747driver
Tue May 07, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: ? about Roth 401k Segregation of Contributions & Growth
Replies: 11
Views: 811

Re: ? about ROTH 401k Segregation of Contributions & Growth

Yes, they will know, because they keep track of the basis and everything else.
by 747driver
Mon May 06, 2019 1:17 pm
Forum: Investing - Theory, News & General
Topic: Equity funds for taxable accounts
Replies: 23
Views: 3056

Re: Equity funds for taxable accounts

I divorce a few each year by donating them to my donor advised fund instead of writing a check.
by 747driver
Mon Dec 17, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Best online banking accounts?
Replies: 53
Views: 7589

Re: Best online banking accounts?

Another happy CapitalOne 360 member here.
by 747driver
Sat Dec 08, 2018 10:11 am
Forum: Personal Investments
Topic: Car Fund [Where to park cash?]
Replies: 14
Views: 1823

Re: Car Fund [Where to park cash?]

I obviously don't know your financial situation, but if you can afford 150% of the car price, why not just stick the funds into a total stock fund like VTSAX that's already in your taxable account? If you absolutely can't afford any loss, then use a MM fund or CD. If you can afford the risk, I'd jus...
by 747driver
Sat Dec 08, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 72
Views: 6823

Re: portable jump starters

I also have a couple of the Costco Li Ion batter jumper kits. I highly recommend them. People complain that they need to be charged, and that's true. However, I leave ours under the center console, plugged into a spare usb port, which trickle charges the battery whenever the car is running. That way...
by 747driver
Fri Nov 16, 2018 6:52 pm
Forum: Investing - Theory, News & General
Topic: Retirement Emergency Fund; How Much to Keep Very Liquid?
Replies: 17
Views: 1635

Re: Retirement Emergency Fund; How Much to Keep Very Liquid?

willthrill81 wrote:
Fri Nov 16, 2018 6:50 pm
I believe you meant $10k.
I meant M. Shaking it up a bit ;)
by 747driver
Fri Nov 16, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: Retirement Emergency Fund; How Much to Keep Very Liquid?
Replies: 17
Views: 1635

Re: Retirement Emergency Fund; How Much to Keep Very Liquid?

If it were me: I'd put a stack of 100 Benjamins ($10M) in the safe for that last minute liquidity need when the bank isn't open.
by 747driver
Fri Nov 16, 2018 6:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 189
Views: 28085

Re: Vanguard - You'll need to sign up for security codes soon

I too prefer TOTP. I have it running inside of 1Password, so it's secure, it doesn't need to use data like SMS, I can easily use it while traveling overseas, it's available on multiple devices, it's not another dongle/usb key I have to carry, and it's much safer than using e-mail. I agree with Vangu...
by 747driver
Fri Sep 21, 2018 2:40 pm
Forum: Personal Investments
Topic: Help with 401K fund selection
Replies: 6
Views: 526

Re: Help with 401K fund selection

I like that BNY S&P fund for 0.05%.

Then partner that high stock allocation with bonds in your IRA.
by 747driver
Thu Sep 20, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 3154

Re: Moving to Dallas, how to establish residency

I just don't follow the math for people who claim to have moved from Ohio to Texas but didn't save any taxes. That wasn't my experience moving from Ohio to Texas at all . Sales tax is ~ 1% higher, but that isn't much. Renting means you are free of property taxes. When you buy a house, if you don't g...
by 747driver
Wed Sep 19, 2018 10:23 pm
Forum: Personal Investments
Topic: Setting up Backdoor Roth IRA, can't figure out where to stuff IRA
Replies: 33
Views: 3118

Re: Setting up Backdoor Roth IRA, can't figure out where to stuff IRA

DanEmmy wrote:
Wed Sep 19, 2018 7:25 pm
This had to be done via check for some reason, but it is in progress.
It's done for security reasons. The check is made out to you and your address, making it hard for someone to just electronically transfer money to their account.
by 747driver
Wed Sep 19, 2018 11:06 am
Forum: Personal Investments
Topic: Have We Missed the Boat on Roth Conversions?
Replies: 48
Views: 6052

Re: Have We Missed the Boat on Roth Conversions?

Woot! My plan allows for the latter. Thanks again retiredjg. Just make sure, that if you are going to be contributing after-tax money to your 401(k), ie the Mega Backdoor, that you convert that money out to your Roth IRA or at a minimum, to the Roth 401(k) inside your plan. Before doing so, you'll ...
by 747driver
Wed Sep 19, 2018 10:17 am
Forum: Personal Investments
Topic: Help with 401K fund selection
Replies: 6
Views: 526

Re: Help with 401K fund selection

Kinda sad to see Target Date funds with such high ER's.
by 747driver
Tue Jul 31, 2018 4:06 pm
Forum: Personal Investments
Topic: should I use vanguard's 2 step verification sign in
Replies: 53
Views: 9108

Re: should I use vanguard's 2 step verification sign in

Or get a physical security key like Yubikey. Thought about it. I already have my phone with me so adding yet another dongle to keep track of isn't in the tea leaves for me. I'll keep suggesting to companies like Vanguard to support the TOTP method. It's dead simple, doesn't need SMS data, doesn't r...
by 747driver
Mon Jul 30, 2018 7:19 pm
Forum: Personal Investments
Topic: should I use vanguard's 2 step verification sign in
Replies: 53
Views: 9108

Re: should I use vanguard's 2 step verification sign in

You need the text message code when using a new device or computer, or after a software update that deletes the stored cookie in your browser. I use the text message code, but despise it because it’s useless when traveling overseas or outside of data range. That’s why I prefer a revolving token, lik...
by 747driver
Wed Jan 31, 2018 11:04 am
Forum: Personal Investments
Topic: should I use vanguard's 2 step verification sign in
Replies: 53
Views: 9108

Text Messages

So everyone here who doesn't mind receiving texts from Vanguard all the time, may I ask if you are using aggregators like Mint or Personal Capital? I don't mind receiving a text when I log in (even though it's pointless for those of us who actually travel overseas) but getting one every time an aggr...
by 747driver
Tue Jan 30, 2018 6:37 pm
Forum: Personal Investments
Topic: should I use vanguard's 2 step verification sign in
Replies: 53
Views: 9108

Google Voice

I might just be. My Google account is protected with their excellent TOTP one time code which is generated inside 1Password. It's not an elegant fix, but might have to do based on how forward thinking Vanguard is when it comes to IT.
by 747driver
Tue Jan 30, 2018 6:28 pm
Forum: Personal Investments
Topic: should I use vanguard's 2 step verification sign in
Replies: 53
Views: 9108

TOTP

If you're using 2FA, make sure its done in a more secure way... Why to use Google Authenticator over SMS/Text codes: https://www.wired.com/2016/06/hey-stop-using-texts-two-factor-authentication/ +1. I detest the SMS protocol for two-factor authentication. I can't use it abroad, I can't use it when ...
by 747driver
Tue Jan 30, 2018 6:19 pm
Forum: Personal Consumer Issues
Topic: How to turn off Vanguard texting security feature
Replies: 21
Views: 8073

Good but not great

Vanguard's attempt at two-factor authentication is poorly laid out. They send the text messages anytime an aggregator logs in, like Mint, Personal Capital, etc. These occur several times a day. With lots of texts each week, connected with aggregator logins, it defeats the point of being aware of sus...
by 747driver
Mon Jul 24, 2017 8:54 pm
Forum: Personal Investments
Topic: "If You Can"-style Rebalancing
Replies: 14
Views: 2357

New Money

I agree with the idea of using new money first. Just because it's a tax-deferred IRA doesn't mean it can't take new money. Start there first, then buy/sell as you need to. I made a spreadsheet that uses my desired allocation percentage, and multiplies those percentages by the amounts in my accounts....
by 747driver
Thu Jul 20, 2017 2:35 pm
Forum: Personal Investments
Topic: Separate charitable donations in taxable
Replies: 12
Views: 898

Mental Accounting

We are all agreed he should simply grow the taxable and donate as much as he wants in the future. This has been my plan all along, but the part that I can't follow is the mental accounting inside my taxable account. What's the best way to keep my investments separate (retirement bucket and donation...
by 747driver
Thu Jul 20, 2017 12:30 pm
Forum: Personal Investments
Topic: Separate charitable donations in taxable
Replies: 12
Views: 898

Separate charitable donations in taxable

We've been donating ~ 20k a year to charitable organizations via the checkbook. We have been donating monthly, but thanks to the insights of those like PoF , we are switching to using a DAF . The plan is to start donating our charitable giving to our taxable account. In this way, we reduce our DAF f...
by 747driver
Tue Jul 18, 2017 10:45 pm
Forum: Personal Investments
Topic: TLH Partner -> Questions for TLH expert (Livesoft and others)
Replies: 18
Views: 2254

Pro Se

triceratop wrote:Actually, I believe EmergDoc indicated a willingness to be that defendant, even pro se.
LOL, Jim is a good man, for sure!
by 747driver
Sat Apr 29, 2017 12:23 am
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 265
Views: 30168

Total ER

[2018 Update] My spreadsheet says: 0.054%

Thank you Vanguard, for lowering ERs this month, and thank you Bogleheads, for showing me the light.
by 747driver
Fri Apr 28, 2017 5:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Press Release--Vanguard: World's Largest Stock And Bond Funds Report Lower Expense Ratios
Replies: 7
Views: 2091

401(k)

This is good news indeed. I love to see how these keep dropping, and makes me glad I'm partnering my investments with Vanguard. Now I'm hoping Transamerica drops VFIAX in my 401(k) to 0.04% as well.
MFInvestor wrote: Admiral Shares (VFIAX): one basis point to 0.04%.