Search found 583 matches

by thangngo
Fri Jan 19, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Annual transfer from high-fee Simple IRA to Vanguard Traditional IRA?
Replies: 6
Views: 282

Re: Annual transfer from high-fee Simple IRA to Vanguard Traditional IRA?

I have a question on this topic: is it possible to convert a Simple IRA to Traditional IRA account at Vanguard? Assuming a person left her employer and she still keeps Simple IRA at Vanguard. Is it possible to combine Simple IRA with traditional IRA?
by thangngo
Fri Jan 19, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 129
Views: 5745

Re: Short Commute or Nicer House?

You didn't mention crowds. For us, the houses and towns under option 1 are in a state of gridlock traffic at all times. Everything is crowded- grocery store, restaurants, hardware store, kid activities. Everything costs more. More crime. Just another perspective. Getting away from the crowds and co...
by thangngo
Fri Jan 19, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: What's your one big takeaway from the Crash of 2008?
Replies: 349
Views: 55402

Re: What's your one big takeaway from the Crash of 2008?

My lesson was to pay attention. I started seeing the trouble in early 2008. And I got out of many of my positions. The trouble was deciding when to get back in. I only dipped my toes in, in March 2009. But was pretty tentative over the next couple of years. These days I'm fully invested, but I have...
by thangngo
Fri Jan 19, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Which is faster - Push or Pull - Transfer of cash into investment accounts
Replies: 19
Views: 1279

Re: Which is faster - Push or Pull - Transfer of cash into investment accounts

I think pull is faster most of the time. If you set automatic investment at Vanguard, it let you "advance" the fund to purchase fund/ETF and the fund will be settled via ACH in the next business day. Marcus by Goldman Sachs let me have effective date as the date I initiate the transfer on Marcus web...
by thangngo
Fri Jan 19, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help Me Spend $900.00 Unused FSA Dollars
Replies: 37
Views: 2169

Re: Help Me Spend $900.00 Unused FSA Dollars

Use to have FSA. Biggest scam. you either use it or loose it. I end up loose it. tax saving scam. If you use it correctly, you'll save 25% (marginal tax rate). Do you have a budget and know where your money went in prior years? Project your medical expenses this year and elect the correct amount. O...
by thangngo
Thu Jan 18, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 1969

Re: Take a 401k Loan?

Pros and Cons of 401k loan Advantages: • The loans incur no income tax or penalties for early withdrawal unless you default. • There is no credit check or long application form, opening options if your credit scores are bad. • Most loans become available quickly and you can borrow for almost any rea...
by thangngo
Thu Jan 18, 2018 3:01 pm
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 129
Views: 5745

Re: Short Commute or Nicer House?

My husband and I are moving with two small kids to a new city. We've narrowed down where to live to 2 possible neighborhoods: Option #1: in the city - Excellent schools available - Less than 2 miles to work, commute is about 5 minutes by car or 10 minutes by bike - Very easy access to tons of resta...
by thangngo
Thu Jan 18, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Why even have Bonds in a 401k?
Replies: 18
Views: 2140

Re: Why even have Bonds in a 401k?

As a 43 year old (soon to turn 44) I am debating having just 100% equities in my 401k. My reasoning is that I do not plan to withdraw anything from my 401k until the required distributions when I turn 70. That is over 26 years away so why not take 100% equity risk now and then I can rebalance into ...
by thangngo
Thu Jan 18, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: 0% growth on stocks for the next decade?
Replies: 16
Views: 1876

Re: 0% growth on stocks for the next decade?

I'd hardly call this a 'lost decade' for early accumulators. In nominal dollars, they put in $132,000 and ended with $180,314. And if we extend this to the end of 2017 with the same contributions, the portfolio was worth $593k, only $240k of which were contributions after 19 years. If the next 19 y...
by thangngo
Thu Jan 18, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 71
Views: 4615

Re: Exit strategy for bitcoin

I bought about 0,3% of my liquid worth in bitcoin some time ago (it was because of FOMO really, and I was aware that it was just a gamble, but I was also encouraged by seeing that people like Ben Carlson, Joshua Brown etc had also bought some bitcoin to 'experiment' as Brown put it). I remember Jas...
by thangngo
Thu Jan 18, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 1969

Re: Take a 401k Loan?

I am debating taking a 401k loan to pay off some debt in order to raise my credit score. In November, I didn't have much debt and my credit score was about 750. However, I had a bad investment choice and ended up $65k in debt. I have paid it down to about $40k right now (holiday bonus) and it is al...
by thangngo
Wed Jan 17, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: why emergency savings?
Replies: 42
Views: 3645

Re: why emergency savings?

Who says you need a separate account? You could use a rewards checking account, like I have at Consumers Credit Union. They pay me 4.59% APY interest on $20k Did I read that right? 4.59% APY? Given the current interest rates, how can they afford to do that? Sounds like it''s "too good to be true" S...
by thangngo
Wed Jan 17, 2018 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: What will happen if everyone indexed?
Replies: 23
Views: 2192

Re: What will happen if everyone indexed?

Can somebody told me what if everyone indexed? Will it lead to crisis? I ask this since John Bogle has a warning for index fund investor: “If everybody indexed, the only word you could use is chaos, catastrophe,” Bogle told Yahoo Finance at the Berkshire Hathaway annual meeting last month. “The mar...
by thangngo
Wed Jan 17, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Got raise. Taxes taking 41% of it?
Replies: 30
Views: 3843

Re: Got raise. Taxes taking 41% of it?

That spreadsheet is amazing! All those numbers in your screenshot look right. If I'm reading this correctly, I'm currently paying $179.76 per paycheck into federal income tax when I should only be paying $63 per paycheck? I've got my stuff set up so far off that I'm paying triple what I should? Yea...
by thangngo
Wed Jan 17, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Roth 401(k) vs Traditional 401(k) contributions in 2018
Replies: 8
Views: 539

Re: Roth 401(k) vs Traditional 401(k) contributions in 2018

To answer some of the questions above... we plan on retiring early at age 59 1/2. Preferably we'd like to have our future home paid off by that time which would be a big expense that we wouldn't have to pay for in retirement. During retirement I would like to be in either the same 24% or lower tax ...
by thangngo
Tue Jan 16, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 106
Views: 8554

Re: What is the best home exercise equipment?

Umm... If you think about buying home exercise equipment, don't. It's not a good financial decision. With $20 gym membership, you'll get an environment that you can focus on working out and getting the most out of your time. There's also add-ons such as sauna, swimming pool, basketball court, class...
by thangngo
Tue Jan 16, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to max out 401k
Replies: 19
Views: 1549

Re: How to max out 401k

Because there is a Boglehead perception that $18,000 a year is the appropriate amount to set aside into retirement. Anything less means one eats dog food in retirement; anything more means an overstuffed retirement. I though it was 18,000 a year means you're still eating dog food in retirement, but...
by thangngo
Tue Jan 16, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Got raise. Taxes taking 41% of it?
Replies: 30
Views: 3843

Re: Got raise. Taxes taking 41% of it?

Before the raise: Salary: $2,500 Federal Income Tax: $148.51 SS: $150.94 Medicare: $35.30 UT State Income Tax: $97.72 Total Tax: $432.47 Pre-tax 401k: $150 Pre-tax Health Insurance: $65.50 Net Pay: $1,852.03 After the raise: Salary: $2,645.83 Federal Income Tax: $179.76 SS: $163.85 Medicare: $38.32...
by thangngo
Tue Jan 16, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Fed's concern with the inflated equity prices & asset bubble...leading to a possible hard "reset"
Replies: 5
Views: 687

Re: Fed's concern with the inflated equity prices & asset bubble...leading to a possible hard "reset"

and this matters why.... Because people tend to forget about equity valuation when the market is in a bubble. There's a group of people who are chasing after performance and put everything in the stock market hoping to get quick profit. It doesn't matter for most of us here who buy and hold equity ...
by thangngo
Tue Jan 16, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4329

Re: Budgeting Vs Savings Rate

^ Just want to point out that I don't think Credit card payment is a budget item. It's not a real spending as it's a transfer from Cash to pay off your credit card payment. It's not affecting your P&L. Agree with you that budget helps me boost my saving rates and be creative on cutting down unnecess...
by thangngo
Tue Jan 16, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7138

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

Bogleheads....I am struggling to recall a time where 'Mr. Market' moved like this in 12 days [the wild gyrations of 2008-09 do not count, totally different circumstance]. That 4% move is pretty amazing. I am sitting here shaking my head and saying: Go!. :mrgreen: At what point do you stop and say t...
by thangngo
Tue Jan 16, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: [Mark Cuban -] "Diversification is for idiots..."
Replies: 26
Views: 3688

Re: Diversification is for idiots...

So after reading and pretty much shadowing Buffet's investing philosophy I ran into this video and now I'm scratching my head and questioning if I should hold cash. Or is he just arrogant and enjoys hearing his own voice? It's a video of Mark Cuban stating diversification is for idiots. https://www...
by thangngo
Mon Jan 15, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 63
Views: 6926

Re: Our 'cure' for emergency expenses

We have our spending/savings in various buckets. *The "main account" is a checking account where we pay our bills and regular expenses. *We have an emergency fund of $30,000 with Barclay's high-interest savings. This is never touched. *We have an overdraft account of $5,000, just in case some surpr...
by thangngo
Mon Jan 15, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 106
Views: 8554

Re: What is the best home exercise equipment?

Umm... If you think about buying home exercise equipment, don't. It's not a good financial decision. With $20 gym membership, you'll get an environment that you can focus on working out and getting the most out of your time. I would happily pay more than that to avoid the gym. I loathe gyms. The fl...
by thangngo
Mon Jan 15, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Changing Vanguard 3 Fund Portfolio to 2 fund portfolio?
Replies: 9
Views: 1232

Re: Changing Vanguard 3 Fund Portfolio to 2 fund portfolio?

It's a good plan. If the market crashes and you're panic, come back here for advice/consult before making any rash decisions. Be aware that: 1) you're betting on one asset class, which is equity, and 2) you forgo an opportunity to add another asset class that is uncorrelated to stock, and thus losin...
by thangngo
Mon Jan 15, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: TSA locks for luggage
Replies: 18
Views: 1327

Re: TSA locks for luggage

I am traveling to VietNam and has heard that luggage theft is very high there. In the past, I normally used zip ties. But I also heard that TSA locks are worthless. What do BHs use to protect your luggage against potential theft (other than just carry-on). TIA I use TSA locks to make sure luggage s...
by thangngo
Mon Jan 15, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 106
Views: 8554

Re: What is the best home exercise equipment?

Umm... If you think about buying home exercise equipment, don't. It's not a good financial decision. With $20 gym membership, you'll get an environment that you can focus on working out and getting the most out of your time. There's also add-ons such as sauna, swimming pool, basketball court, class...
by thangngo
Mon Jan 15, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 106
Views: 8554

Re: What is the best home exercise equipment?

Umm... If you think about buying home exercise equipment, don't. It's not a good financial decision. With $20 gym membership, you'll get an environment that you can focus on working out and getting the most out of your time. There's also add-ons such as sauna, swimming pool, basketball court, classe...
by thangngo
Mon Jan 15, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: why emergency savings?
Replies: 42
Views: 3645

Re: why emergency savings?

In my opinion, advice on emergency funds is mostly for young people who start out saving and investing. They don't have a stable positive net cash flow (due to debt, car loan, mortgage, etc.) In the events that they lose their jobs or in an economic downturn, they would need to take out their retire...
by thangngo
Mon Jan 15, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: how to figure out the assest allocation that you can sleep well with
Replies: 22
Views: 1864

Re: how to figure out the assest allocation that you can sleep well with

I'm currently at 70/30 (stock/bond) allocation. I know I shouldn't time the market and should stay the course. But I still have this itch to reduce my stock exposure because market is at all time high. I'm wondering if I'm feeling the itch because my assest allocation is too risky? So in that case ...
by thangngo
Sun Jan 14, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 70
Views: 5266

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

Some have an emergency fund. Some hold theirs partly in their local bank account; the rest is kept in an online savings account which can be transferred into their local bank or by wire. What types of unexpected emergencies for individuals would require a larger amount of instant cash available imm...
by thangngo
Sun Jan 14, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4329

Re: Budgeting Vs Savings Rate

Anyway, it was probably at least two years ago that I last showed some of our spending summaries to my wife. We were both in agreement that we spent too much on eating out, but we both lacked will power to make significant improvements there. I was also disgusted with our grocery bill, but to my wi...
by thangngo
Sat Jan 13, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest Emergency Fund
Replies: 11
Views: 677

Re: Where to Invest Emergency Fund

Before you disagree with the theory of investing the emergency fund, read here: https://www.betterment.com/resources/personal-finance/safety-net-funds-why-traditional-advice-is-wrong/ Every time someone posts the Betterment link, I always ask them to consider the source of the article and ask thems...
by thangngo
Sat Jan 13, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4329

Re: Budgeting Vs Savings Rate

Keeping track of your spending is already a part of budgeting. I find a detailed budget might help with: 1) plan for irregular expenses: traveling, car/house repair & maintenance, other discretionary expenses. 2) trim the fat: cut wasteful spending in certain categories. 3) increase your saving rate...
by thangngo
Fri Jan 12, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 63
Views: 6926

Re: Our 'cure' for emergency expenses

About six years ago, my wife and I read Mary Hunt's book "Debt-Proof Your Marriage," which was a good read. What was the most valuable piece of information we got from her was the idea of a 'freedom fund', an account used to save and pay for irregular expenses. Why we hadn't thought of this before,...
by thangngo
Fri Jan 12, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 290
Views: 25920

Re: Anyone tired of the stock market going up?

:annoyed does anyone have any idea why the stock market is on steroid? The faster it goes up, the harder it will fall... Fine! I'll keep my eyes shut and come back with the market calms down.
by thangngo
Fri Jan 12, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: Keeping sensitive documents in the cloud -- bad idea?
Replies: 46
Views: 2644

Re: Keeping sensitive documents in the cloud -- bad idea?

There's a lot of panaroia and nuts about computer security. Sure, you have to take precautions, but be reasonable about it. The odds of someone successfully impersonating you do to a sophisticated hack into your accounts is farrrrrrr lower than the criminals going after the credit card repository o...
by thangngo
Fri Jan 12, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Vs CIT- Seeking advice
Replies: 9
Views: 648

Re: Ally Vs CIT- Seeking advice

Hello! CIT saving rate is currently higher than that of Ally by 0.3% (1.55% Vs 1.25%). I have a good experience with Ally so far, but was wondering how is CIT doing in terms of web interference, customer service...etc Anyone had an experience here with CIT? I don't like chasing online banks that pr...
by thangngo
Fri Jan 12, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 53
Views: 4958

Re: Getting your spouse on the same page

It’s very common for married couples to disagree about money. I used to be a reckless spender but have completely turned it around and I am now a committed BH. I am having trouble getting on the same page with my wife. Has anyone else experienced difficulty in getting their spouse to follow a plan ...
by thangngo
Thu Jan 11, 2018 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??
Replies: 70
Views: 5450

Re: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??

pretykev wrote:
Thu Jan 11, 2018 8:47 pm
Lets be honest, how many of you are 100% VTSAX in your portfolio?
I know I am :sharebeer
Bless your heart.
by thangngo
Thu Jan 11, 2018 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1954

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

itstoomuch wrote:
Thu Jan 11, 2018 6:08 pm
If anyone know of other strategies, I am listening.
It's not applicable to you, but your case provides younger generation a good case study on how they should contribute to 401k / Roth 401k in the early years of their careers. Thank you for that!
by thangngo
Thu Jan 11, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Tax diversification - Roth 401k?
Replies: 7
Views: 284

Re: Tax diversification - Roth 401k?

But if I hang onto the rental units (bringing in $80k now and will be paid off before I retire) isn't the threshold much lower? clace, 1) You should check out some real estate sites. Why would the whole 80K be considered as income? Or, you may need a better accountant. 2) If you are making that muc...
by thangngo
Thu Jan 11, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 10937

Re: IRS announces new withholding tables for 2018

IRS Withholding Tables Frequently Asked Questions Q: Why are these changes being made? A: The new withholding tables are needed to reflect the changes in tax rates and tax brackets, increased standard deduction and repeal of personal exemptions that were included in the new tax reform law signed in ...
by thangngo
Thu Jan 11, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Lease a Silverado 4x4 extended cab for $152 month?
Replies: 23
Views: 2457

Re: Lease a Silverado 4x4 extended cab for $152 month?

tjschraf wrote:
Thu Jan 11, 2018 11:35 am
that is the price. Last year, I leased my current car for $60/ month. 0 down . I have some additional discounts that obviously not all people receive
Will you please provide the detail? which car dealership and what kind of discount they give you?
by thangngo
Thu Jan 11, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: How do you time the market when you have to?
Replies: 14
Views: 939

Re: How do you time the market when you have to?

I know timing the market is frowned upon in general, but there are times it's necessary- like when moving money around. I just pulled the trigger yesterday on a 401k rollover (had to be liquidated). This 401k was about half full of mid and small caps, which, of course, are up pretty good today. So,...
by thangngo
Thu Jan 11, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: Dollar and age amount for Pre-Tax vs. Roth 401(k)
Replies: 16
Views: 883

Re: Dollar and age amount for Pre-Tax vs. Roth 401(k)

And yet, pre-tax is universally recommended. There are a few people who regret not putting more in Roth sooner but they probably got tired of posting here against the deluge of pre-tax advocates. I can't blame them, I'm getting there myself. Keep in mind that 401k/Roth 401k advice is very specific ...
by thangngo
Thu Jan 11, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Buy bonds until market correction
Replies: 28
Views: 2333

Re: Buy bonds until market correction

I know we should not try to time the market... this might be just me, but the US stock market seems quite overpriced at the moment... If you had some money to invest in stock but don't think that now is a good moment to do so... would you invest it in bonds until there is a market correction and th...
by thangngo
Wed Jan 10, 2018 9:34 pm
Forum: Personal Consumer Issues
Topic: Lease a Silverado 4x4 extended cab for $152 month?
Replies: 23
Views: 2457

Re: Lease a Silverado 4x4 extended cab for $152 month?

0 down $152 month 12k miles V6 I’ve Been wanting a truck back but don’t need one (lot of family around with them). The price has lured me in even though I️ really don’t like the idea of leasing. My wife would be driving this and selling her paid for 2005 BMW X3 with 150k miles for around 5 grand. S...
by thangngo
Wed Jan 10, 2018 9:27 pm
Forum: Investing - Theory, News & General
Topic: Dollar and age amount for Pre-Tax vs. Roth 401(k)
Replies: 16
Views: 883

Re: Dollar and age amount for Pre-Tax vs. Roth 401(k)

There's been a few threads already on the new tax rates and whether that makes a Roth 401k more appealing. Especially when you include the sunset provisions to the current tax rates. I've also read people in the past discussing that when RMDs on your pre-tax balance fill up the equivalent to whatev...