Search found 503 matches

by SquawkIdent
Tue Jul 16, 2019 7:31 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1054

Re: Retirement Funds Questions

Making a separate post, I didn’t get the last paragraph. Are you saying that if you roll over the balance in your SIMPLE IRA externally, you are going to have to forfeit the 3% match? Does this have a time limit before you are fully vested in the employer match? No, I would give up the 3% match, if...
by SquawkIdent
Tue Jul 16, 2019 3:43 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1054

Re: Retirement Funds Questions

Updated information... The Simple IRA plan charges a $10 account annual fee, .50% management account fee and the average fund fee is about .50%. So my question is, should the fees come into account as to the plan going forward? I am planning to only keep this money in here as long as I can get it in...
by SquawkIdent
Sun Jul 07, 2019 7:19 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1054

Re: Retirement Funds Questions

I’ve come up with 3 solutions to avoid the pro rata rules (and have just 1 IRA account) and they are listed below. 1. Contribute to the Simple IRA (at least to the match) - don’t do the yearly backdoor IRA - leave the TSP in the 401K 2. Do not contribute to the Simple IRA - do the yearly backdoor I...
by SquawkIdent
Sun Jul 07, 2019 4:39 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1054

Re: Retirement Funds Questions

The more I think about this the more I think I should leave the TSP (401K) alone, skip the Simple IRA and do a yearly backdoor Roth IRA. Still contemplating... I really can't think of a situation in which it would make sense to give up 3% matching to do a backdoor Roth IRA. We don't know your incom...
by SquawkIdent
Sun Jul 07, 2019 4:37 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1054

Re: Retirement Funds Questions

SquawkIdent, What is your asset allocation, and do you have any allocation towards your bonds at all? The reason I ask this is that, you can continue to do the backdoor Roth IRA, at least the first step of it, while you are contributing to the SIMPLE IRA. Simply make non-deductible contributions to...
by SquawkIdent
Sun Jul 07, 2019 3:49 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1054

Re: Retirement Funds Questions

Other thoughts: What mix or balance of traditional vs Roth accounts do you desire? A SIMPLE IRA is always pre-tax, can't be Roth. If you have to choose between contributing to SIMPLE vs backdoor Roth, which do you need more of, tax deferral, or tax free withdrawal? You mentioned a pension - usually...
by SquawkIdent
Sun Jul 07, 2019 3:41 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1054

Re: Retirement Funds Questions

I do have a desire to rollover at least part of my TSP to Vanguard for more diverse funds and eventual withdrawal flexibility. I would leave some money in the TSP (G fund) to make sure I have funds to last me until age 59 1/2 (just a couple years). I don’t foresee myself needing those funds though ...
by SquawkIdent
Sun Jul 07, 2019 3:38 pm
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1054

Re: Retirement Funds Questions

My employer is finally offering a SIMPLE IRA to us, we just signed up. A SIMPLE IRA is an IRA, so any balance in it will trigger the pro rata issues, making a backdoor Roth IRA contribution complex. In the first 2 years you have a SIMPLE IRA, it can only be rolled to another SIMPLE IRA. After 2 yea...
by SquawkIdent
Sun Jul 07, 2019 10:45 am
Forum: Personal Investments
Topic: Retirement Funds Questions
Replies: 16
Views: 1054

Retirement Funds Questions

I am retired from a federal job that I built up a TSP (401K) account. I am now taking a job in the private sector whose retirement plan is a Simple IRA (with a 3% match). I have read up on Simple IRA's and I am somewhat familiar with them. I do not know yet what investment choices, expenses, etc. th...
by SquawkIdent
Fri Jul 05, 2019 12:33 pm
Forum: Personal Investments
Topic: Question - Modified Adjusted Gross Income
Replies: 2
Views: 376

Re: Question - Modified Adjusted Gross Income

sport wrote:
Fri Jul 05, 2019 12:14 pm
You have it right. Earned income is required to make contributions. Gross income is used to determine eligibility. Those are two different things.
Thank you.
by SquawkIdent
Fri Jul 05, 2019 11:48 am
Forum: Personal Investments
Topic: Question - Modified Adjusted Gross Income
Replies: 2
Views: 376

Question - Modified Adjusted Gross Income

A question about a direct investment into a Roth IRA instead of doing the backdoor. I see the IRA income limitations. I cannot use a pension payout funds as earned income to invest in the Roth but I need actual income that I earned at a paying job. But when figuring out my adjusted gross income amou...
by SquawkIdent
Thu Jul 04, 2019 5:17 pm
Forum: Personal Investments
Topic: Prime Money Market or Total Bond Market
Replies: 63
Views: 6776

Re: Prime Money Market or Total Bond Market

I don't think duration risk is worth taking right now. There are those who disagree. It's your money so decide which camp you are in. +1 Call me a market timer but when the yields are paying more of a wider spread (and the NAV is lower in price) I will switch back. Until then the NAV risk is not wo...
by SquawkIdent
Thu Jul 04, 2019 9:26 am
Forum: Personal Investments
Topic: Vanguard Wellsley
Replies: 23
Views: 3452

Re: Vanguard Wellsley

Maybe...

It depends on a lot of information not given.
by SquawkIdent
Thu Jul 04, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Employers asking salaries
Replies: 47
Views: 5807

Re: Employers asking salaries

Years ago, at a job interview, I was asked what other job offers I had received. I truthfully answered $31,000. I was immediately offered $32,000. In retrospect, providing a truthful answer to that question was dumb, because the only purpose was to use it against me and get me to work for them for ...
by SquawkIdent
Mon Jul 01, 2019 10:18 am
Forum: Personal Investments
Topic: Pro Rata Rule Question for IRA's
Replies: 6
Views: 355

Re: Pro Rata Rule Question for IRA's

Thank you for both replies above. They back up my research. So, I guess I have to choose which is more advantageous for me. To do the partial TSP transfer next year (and no backdoor Roth) or wait until I'm done doing the backdoor Roth's and then do it the next tax year. Major question here is why y...
by SquawkIdent
Mon Jul 01, 2019 9:37 am
Forum: Personal Investments
Topic: Pro Rata Rule Question for IRA's
Replies: 6
Views: 355

Re: Pro Rata Rule Question for IRA's

Thank you for both replies above. They back up my research.

So, I guess I have to choose which is more advantageous for me. To do the partial TSP transfer next year (and no backdoor Roth) or wait until I'm done doing the backdoor Roth's and then do it the next tax year.
by SquawkIdent
Mon Jul 01, 2019 9:17 am
Forum: Personal Investments
Topic: Pro Rata Rule Question for IRA's
Replies: 6
Views: 355

Pro Rata Rule Question for IRA's

I've done a bunch of research on this topic but I want to make absolutely sure I understand it correctly before proceeding. Back in January 2019 I did a contribution to a traditional IRA and then back doored it to a Roth IRA right away. I have part of my TSP I am considering rolling over to a tradit...
by SquawkIdent
Mon Jul 01, 2019 6:48 am
Forum: Personal Consumer Issues
Topic: How to insure a vacation Tesla in Scotland
Replies: 4
Views: 557

Re: How to insure a vacation Tesla in Scotland

Just came back from a 10 day trip to Scotland......make sure you get as much insurance to limit your liability to $0 including tire damage!! The roads are narrow, full of sheep, bicycles and people not to mention wide buses and trucks on the same road going in the opposite direction. Many of the ro...
by SquawkIdent
Sat Jun 29, 2019 11:16 am
Forum: Personal Investments
Topic: Invest Down Payment Short Term
Replies: 6
Views: 422

Re: Invest Down Payment Short Term

Many choices. But IMHO, use only choices with very little to no risk to that principal amount. Don't get greedy and reach for yield with added risk. Online savings accounts (with FDIC), prime money market, TE money market, etc. Depends on your tax bracket, how much work you want to do to set this up...
by SquawkIdent
Sat Jun 29, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: Vanguard Money Market (VMMXX)
Replies: 19
Views: 2736

Re: Vanguard Money Market (VMMXX)

How does this fund make its interest payments? Does it payout every month? Also - does interest rate risk apply to money market accounts (just talking about the principal amount invested)? Thanks. Tonight. :sharebeer Didn't hit last night. Are you reinvesting or having it deposited to an outside ac...
by SquawkIdent
Fri Jun 28, 2019 5:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Money Market (VMMXX)
Replies: 19
Views: 2736

Re: Vanguard Money Market (VMMXX)

TerribleGolfer wrote:
Fri Jun 28, 2019 12:31 pm
How does this fund make its interest payments?

Does it payout every month?

Also - does interest rate risk apply to money market accounts (just talking about the principal amount invested)?

Thanks.
Tonight. :sharebeer
by SquawkIdent
Tue Jun 25, 2019 1:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 187
Views: 19032

Re: Vanguard Announces Plans to Launch Commodities Fund

SquawkIdent wrote:
Tue Jun 25, 2019 1:26 pm
hdas wrote:
Sun Jun 23, 2019 8:26 am
When is this fund launching?
+1
Just found it...

https://investor.vanguard.com/mutual-fu ... view/vcmdx
by SquawkIdent
Tue Jun 25, 2019 1:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 187
Views: 19032

Re: Vanguard Announces Plans to Launch Commodities Fund

hdas wrote:
Sun Jun 23, 2019 8:26 am
When is this fund launching?
+1
by SquawkIdent
Sat Jun 22, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 15860

Re: what was your worst major purchase mine is a 2019 mazda3

DaftInvestor wrote:
Fri Jun 21, 2019 1:31 pm
CMGI stock
+1 and then some. Very valuable lesson.
by SquawkIdent
Sat Jun 22, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal or cheap?
Replies: 106
Views: 8939

Re: Frugal or cheap?

Wife and I have steady stable income of 235k combined. We are 32 and were diligent to pay off our 180k home in 6 years. We have been working for 9 years and have 430k in retirement accounts and 180k in a brokerage account. Wife wants to do a 100k addition to our home. I am struggling to spend as we...
by SquawkIdent
Sun Jun 16, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 11782

Re: With hindsight, what signs indicated you were about to lose your job?

I was approaching 56 years old, so I knew it was coming.

In your case and in most cases IMHO, always keep your resume updated and network connections strong.

Good luck. :sharebeer
by SquawkIdent
Thu Jun 13, 2019 5:53 am
Forum: Personal Consumer Issues
Topic: Which car to buy?
Replies: 29
Views: 2662

Re: Which car to buy?

Have you considered just keeping your current car? A Lexus with less than 100K miles is just getting broken in IMHO.
by SquawkIdent
Thu Jun 13, 2019 5:35 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 11202

Re: Retired at 35 and have no friends :(

OnLevel wrote:
Thu Jun 13, 2019 3:11 am
Sounds to me like OP should go back to work.
+1 at least part time. Also, how about volunteer work? What are your passions?
by SquawkIdent
Mon Jun 10, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 310
Views: 50662

Re: Improving the TSP [for current participants]

Except for your G fund allocation, I see no reason to keep the other money in the TSP after retirement as long as you are over 59 1/2. By then the underage penalties are removed as well as the 72T hoops. Then you are free to move to an IRA and do as you like with YOUR money. :sharebeer If you retir...
by SquawkIdent
Sat Jun 08, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 310
Views: 50662

Re: Improving the TSP [for current participants]

Here’s the pdf TSP put out explaining the upcoming changes in 9/15/2019. I found it easier to read and understand. https://www.tsp.gov/PDF/formspubs/tspfs10.pdf Please correct me if I'm wrong but these two points continue to really jump out at me. 1. One partial withdrawal every 30 days. Not more o...
by SquawkIdent
Sat Jun 08, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 310
Views: 50662

Re: Improving the TSP [for current participants]

I don't see why there cannot be a form for the spouse to sign that, until superseded by the spouse, the spouse agrees to waive all approval requirements. The spouse can still be notified when withdrawal options or installment payment amounts are changed. Thus, there would be a hopefully one-time sp...
by SquawkIdent
Fri May 31, 2019 1:33 pm
Forum: Personal Investments
Topic: Just Got a Call From Fidelity
Replies: 55
Views: 7757

Re: Just Got a Call From Fidelity

Just got a voicemail from a Fidelity rep thanking me for my business (opened accounts there in January and all new money is going to Fido index funds). He says he's an "advisor" and just wants to make sure everything's going okay. Is this a pure sales call? Loving Fido and am inclined to just call ...
by SquawkIdent
Fri May 31, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 38343

Re: For those who earn $500k+ per year. How'd you do that?

One piece of advice I will offer is if you are not making $500k a year, please LBYM and save like a good BH so if you do hit $500k a year, you have options. We were debt ridden (like a LOT) always spending more than we made. Even when we were making $300k / year. We looked rich and were dead broke....
by SquawkIdent
Mon May 20, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 342
Views: 26528

Re: Selling home- Demanding Buyer (Repairs)

Why is your realtor not giving you advice about how to respond to these things? For goodness' sake. If the power company says you can't move it until they do it, then that's the answer?! The agent should be running interference on these nitpicky requests and telling the other agent you're getting p...
by SquawkIdent
Fri May 17, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 342
Views: 26528

Re: Selling home- Demanding Buyer (Repairs)

It’s really interesting to read the different responses to this issue. Basically from the home owners (and previous buyers and sellers) and from the realtors, who make their living off of buying and selling.

I won’t say anything more...it’s just “interesting”.
by SquawkIdent
Fri May 17, 2019 9:55 am
Forum: Personal Consumer Issues
Topic: Synthetic oil or not for very low mileage auto?
Replies: 47
Views: 3176

Re: Synthetic oil or not for very low mileage auto?

IMHO, a no brainer synthetic.

Enjoy it! :sharebeer
by SquawkIdent
Thu May 16, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Should I replace Prius Hybrid Battery?
Replies: 44
Views: 3744

Re: Should I replace Prius Hybrid Battery?

onourway wrote:
Thu May 16, 2019 12:27 pm
definitely replace. Even if you were going to turn right around and sell it, you would probably want to replace it as the value of the vehicle would be reduced by the amount it costs to fix it. In any case, I'd fix it and drive it another 150k.
+1
by SquawkIdent
Thu May 16, 2019 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 342
Views: 26528

Re: Selling home- Demanding Buyer (Repairs)

Given the tight market, I would not make the repairs and give the buyer 5k off the purchase price of the home. Let them take care of the septic problem and those silly repairs what they want. Final offer. If not the house goes back on the market. Some version of that is acceptable to you and you ha...
by SquawkIdent
Fri May 10, 2019 12:04 pm
Forum: Investing - Theory, News & General
Topic: Any conservative young investors?
Replies: 68
Views: 6589

Re: Any conservative young investors?

IMHO, a 60/40 allocation is appropriate at any age if that’s the allocation you want. It depends on many, many factors. I’ve heard the 60/40 balanced funds called funds you can “buy and die” with. In other words buy it, contribute to it, withdraw from it and die with it. Do what you think is right a...
by SquawkIdent
Fri May 10, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Vacant Lake Lot. Sell or Hold?
Replies: 54
Views: 3034

Re: Vacant Lake Lot. Sell or Hold?

As to the loss question, what determines whether it was an investment or intended to be built on? Unfortunately the law isn't always clear in this area. It really turns on what your intent was in purchasing the property as evidenced by all the facts and circumstances. Gill Unless something was done...
by SquawkIdent
Fri May 10, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Vacant Lake Lot. Sell or Hold?
Replies: 54
Views: 3034

Re: Vacant Lake Lot. Sell or Hold?

Have you considered building a reasonable 3 bed 2 bath cabin on it and then selling it? Lake properties always sell quicker when they have a cabin it seems like. Seems like throwing good money after bad and greatly increasing the risk exposure. Gill +1 I would not do that. And yes, I considered doi...
by SquawkIdent
Fri May 10, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Vacant Lake Lot. Sell or Hold?
Replies: 54
Views: 3034

Re: Vacant Lake Lot. Sell or Hold?

I was in a very similar situation 7 years ago. The details you gave were very, very similar to my exact situation but my potential loss was much greater. And yes, I too hated that annual tax bill. Because I basically got nothing for it. I decided to unload the lot and move on. I haven’t regretted th...
by SquawkIdent
Thu May 09, 2019 12:53 pm
Forum: Personal Investments
Topic: Alimony Finished - Where to Invest?
Replies: 22
Views: 2576

Re: Alimony Finished - Where to Invest?

2019 Chevrolet Corvette. You deserve it. :sharebeer Correct. Z06 model preferably. And you will still have $4k a month to invest or pay down the mortgage or whatever. Haha, I'm probably close to mid-life, but haven't hit the mid-life crisis quite that hard yet! Okay, I understand. Lots of good sugg...
by SquawkIdent
Thu May 09, 2019 4:43 am
Forum: Personal Investments
Topic: Alimony Finished - Where to Invest?
Replies: 22
Views: 2576

Re: Alimony Finished - Where to Invest?

nix4me wrote:
Wed May 08, 2019 9:26 pm
Taxable Brokerage - 100% in VTI.

Or a Porsche 911 GT3
The Porsche +1

:sharebeer
by SquawkIdent
Wed May 08, 2019 6:15 pm
Forum: Personal Investments
Topic: Alimony Finished - Where to Invest?
Replies: 22
Views: 2576

Re: Alimony Finished - Where to Invest?

2019 Chevrolet Corvette.

You deserve it. :sharebeer
by SquawkIdent
Mon Mar 25, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: Ireland & Scotland Do I Need Cash?
Replies: 24
Views: 1767

Re: Ireland & Scotland Do I Need Cash?

Wow, what an awesome trip. Any room for a stowaway? Have a great time. :sharebeer
by SquawkIdent
Wed Mar 20, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Lottery/Raffle Statistics Question
Replies: 8
Views: 484

Re: Lottery/Raffle Statistics Question

Thank you everyone for your help in understanding all of this. :sharebeer
by SquawkIdent
Wed Mar 20, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Lottery/Raffle Statistics Question
Replies: 8
Views: 484

Lottery/Raffle Statistics Question

I am looking at three different lottery/raffle scenarios and trying to figure out which has the best odds for the money spent of winning the grand prize. I'm not worried about lower tired prizes. Any help would be greatly appreciated as statistics isn't my strongest point, especially when blending d...
by SquawkIdent
Fri Mar 08, 2019 4:34 pm
Forum: Personal Investments
Topic: Divorce Question - 401K QDRO
Replies: 36
Views: 3226

Re: Divorce Question - 401K QDRO

FYI...it took my ex wife’s attorney 13 months to draw up a QDRO. I questioned my attorney repeatedly about this and was told 1 - 1 1/2 years post mediation agreement to get this done is considered “reasonable”. Where are you coming up with the 1-3 month estimate? Be careful making and assumptions u...
by SquawkIdent
Fri Mar 08, 2019 2:51 pm
Forum: Personal Investments
Topic: Divorce Question - 401K QDRO
Replies: 36
Views: 3226

Re: Divorce Question - 401K QDRO

FYI...it took my ex wife’s attorney 13 months to draw up a QDRO. I questioned my attorney repeatedly about this and was told 1 - 1 1/2 years post mediation agreement to get this done is considered “reasonable”. Where are you coming up with the 1-3 month estimate? Be careful making and assumptions un...