Search found 257 matches

by infotrader
Tue Sep 10, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: Lexus or Camry?
Replies: 34
Views: 3126

Re: Lexus or Camry?

Definitely keep the Lexus.
by infotrader
Mon Sep 09, 2019 3:53 pm
Forum: Personal Investments
Topic: Retirement Readiness Check-In
Replies: 12
Views: 1817

Re: Retirement Readiness Check-In

It makes more sense to delay her ss. The rest looks ok.
by infotrader
Sat Aug 24, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions - Estimated Taxes
Replies: 13
Views: 1536

Re: Roth Conversions - Estimated Taxes

Why are you so gung-ho to increase your Roth conversions this year? I'd wait for the market to drop a bit to get more aggressive than your plan. I did some aggressive Roth conversions last December when the market hit the skids, but none so far this year. I have a couple of years before I need to w...
by infotrader
Tue Aug 20, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement benefit Choice: Rule of 85 vs Age 65
Replies: 22
Views: 1445

Re: Retirement benefit Choice: Rule of 85 vs Age 65

I will definitely take option 1. You will have over 500k when you start option 2 in 2045. Without other variables (reinvestment, etc.), it will take 44 years to break even in 2076. I would say it will never break even, if you take option 1 and invest it with something like VTI. I am very surprised ...
by infotrader
Tue Aug 20, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Retirement benefit Choice: Rule of 85 vs Age 65
Replies: 22
Views: 1445

Re: Retirement benefit Choice: Rule of 85 vs Age 65

I will definitely take option 1. You will have over 500k when you start option 2 in 2045. Without other variables (reinvestment, etc.), it will take 44 years to break even in 2076. I would say it will never break even, if you take option 1 and invest it with something like VTI. I am very surprised t...
by infotrader
Tue Aug 13, 2019 5:54 pm
Forum: Personal Investments
Topic: UC Domestic Small Cap Equity = Mid Cap not Small?
Replies: 9
Views: 590

Re: UC Domestic Small Cap Equity = Mid Cap not Small?

You are looking at an old document. Here is the newer version: https://www.myucretirement.com/Managed/Assets/File/1560353295/UC%20DOMESTIC%20SM%20CP%20EQ.pdf Large 0.00 Medium 23.37 Small 66.30 ............................................. Micro 10.33 Over the years, UC core funds are getting worse ...
by infotrader
Fri Aug 09, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Social Security -- Take it at 62, 67 or 70
Replies: 329
Views: 26366

Re: Social Security -- Take it at 62, 67 or 70

I find it funny that when people are talking about claiming SS benefits, they portray their remaining life expectancy as being very short. But when people talk about safe withdrawal rates, they portray themselves living to age 95 or older. :D After having read a lot about this issue, my conclusion ...
by infotrader
Wed Aug 07, 2019 3:14 pm
Forum: Personal Investments
Topic: mega-backdoor 401k is with Fidelity. Should I open a 2nd Roth with them or can I roll over directly to Vanguard?
Replies: 18
Views: 1023

Re: mega-backdoor 401k is with Fidelity. Should I open a 2nd Roth with them or can I roll over directly to Vanguard?

I called fidelity, and was told that it is plan-based. My plan does not support it, so I will keep on calling every month. It may be more useful to start bugging the people within your company who are responsible for setting the parameters of your company's 401(k) plan, since only they can change t...
by infotrader
Wed Aug 07, 2019 1:02 pm
Forum: Personal Investments
Topic: mega-backdoor 401k is with Fidelity. Should I open a 2nd Roth with them or can I roll over directly to Vanguard?
Replies: 18
Views: 1023

Re: mega-backdoor 401k is with Fidelity. Should I open a 2nd Roth with them or can I roll over directly to Vanguard?

I called fidelity, and was told that it is plan-based.
My plan does not support it, so I will keep on calling every month.
by infotrader
Wed Jul 24, 2019 6:39 pm
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 200
Views: 13634

Re: Roth > Taxable > tIRA

If you overly strategize it, it can be even more complicated: For 401k, if you are in 24% tax bracket, if you PUT $19,000 tax deferred, you will actually have $14,440 upon withdrawal if the tax rate remains the same. However, if you PUT $19,000 roth, you will have the same amount, but actually, the ...
by infotrader
Thu Jul 18, 2019 9:27 am
Forum: Investing - Theory, News & General
Topic: What are the benefits of 403(b) over IRA?
Replies: 17
Views: 1364

Re: What are the benefits of 403(b) over IRA?

From Investopedia: If you’re still working at a job where you have a 457(b), you can’t take any deductions until you’re at least 70.5 years old. However, if you are no longer working there, you can take the distributions at any time no matter your age. “You can take your money before you are 59.5 ye...
by infotrader
Thu Jul 18, 2019 9:19 am
Forum: Investing - Theory, News & General
Topic: What are the benefits of 403(b) over IRA?
Replies: 17
Views: 1364

Re: What are the benefits of 403(b) over IRA?

The main advantage is being able to withdraw penalty-free at age 55 instead of 59.5. Very important if you're retiring before 59.5. Personally, past age 59.5, I'd convert to IRA (and have). Don't know the answer about asset protection, but I believe that it's dependent on state of residence. I don'...
by infotrader
Wed Jul 17, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 1012

Re: in CA, what is the best way to save for kids college, in detail?

I live in CA, and paid all college expenses of my kids from my taxable portfolio.
That was 10 years ago. It served my purpose very well.
I found 529 difficult to understand, and I did not like to show to the school that I had money earmarked for education when applied for aid.
by infotrader
Wed Jul 17, 2019 6:24 pm
Forum: Investing - Theory, News & General
Topic: What are the benefits of 403(b) over IRA?
Replies: 17
Views: 1364

Re: What are the benefits of 403(b) over IRA?

The main advantage is being able to withdraw penalty-free at age 55 instead of 59.5. Very important if you're retiring before 59.5. Personally, past age 59.5, I'd convert to IRA (and have). Don't know the answer about asset protection, but I believe that it's dependent on state of residence. I don'...
by infotrader
Sun Jun 30, 2019 10:36 pm
Forum: Personal Investments
Topic: How much to rollover from IRA to Roth IRA
Replies: 35
Views: 3070

Re: How much to rollover from IRA to Roth IRA

infotrader, 22% tax bracket for MFJ extends up to $168k taxable income, plus $27k standard deduction = $195k income. 160 + 40 = $200k, but hoping that they will have about $5k in other pretax expenses to get down to 22% bracket. If not, the Roth conversion will be only upto $155k than $160k per yea...
by infotrader
Sun Jun 30, 2019 9:46 pm
Forum: Personal Investments
Topic: How much to rollover from IRA to Roth IRA
Replies: 35
Views: 3070

Re: How much to rollover from IRA to Roth IRA

There are two errors in this computation. The RMD is not the sole source of taxable income; dividends from the taxable account, and 85% of Social Security, are also taxable. Working the other way, you need to add the standard deduction to the taxable income to get the gross income; it is currently ...
by infotrader
Mon Jun 24, 2019 8:21 am
Forum: Personal Investments
Topic: Semi-Early Retirees: 401K to Roth IRA Conversions (Should I or Shouldn't I?)
Replies: 29
Views: 3688

Re: Semi-Early Retirees: 401K to Roth IRA Conversions (Should I or Shouldn't I?)

I think you should definitely do Roth conversion, but not to deplete complete 401k, etc. It is always a good idea to diversify your holdings in accounts of various tax status, so it gives you flexibility to deal with different tax situations. We just don't have the crystal ball to tell us how we wil...
by infotrader
Sun Jun 23, 2019 10:18 am
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 16074

Re: What percentage of total portfolio in REIT's do you have? Why?

Bought large chunk (25% of portfolio) of VGSNX in 2009, but sold most of them in recent years, now only less than 1% of the portfolio.
by infotrader
Sun Jun 23, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 96
Views: 5597

Re: How much is your guys’ fees for your 401k?

My 403, 457 is about 26 dollars total annually, paid to fido.
by infotrader
Thu Jun 13, 2019 6:11 pm
Forum: Personal Consumer Issues
Topic: Do you repair your own appliances?
Replies: 65
Views: 3755

Re: Do you repair your own appliances?

Try to repair everything possible. It is easier these days with Youtube.

Replaced:
Washer plastic spin coupler
Dryer igniter

Car:
Change oil, transmission fluid, coolant
Generator, coolant reservoir, radiator (3 times), Ignition coils, spark plugs
by infotrader
Sun Jun 02, 2019 11:33 am
Forum: Personal Investments
Topic: Delay Social Security?
Replies: 35
Views: 3536

Re: Delay Social Security?

If your Social Security benefits are subject to the WEP, it might might not make sense to delay. It might indeed be very advantageous to take SS early while delaying the pension. Would you please elaborate? I am thinking the opposite. The WEP does not impact Social Security benefits until you actua...
by infotrader
Sun Jun 02, 2019 6:28 am
Forum: Personal Investments
Topic: Delay Social Security?
Replies: 35
Views: 3536

Re: Delay Social Security?

When might it not make sense to delay social security? If you need the money now, it might not make sense to delay social security. If you expect to die in the next few years, it might not make sense to delay social security. If you are already 70 years old, it might not make sense to delay social ...
by infotrader
Sat Jun 01, 2019 11:33 pm
Forum: Personal Consumer Issues
Topic: Should I buy Euros from local bank or use ATM in Europe
Replies: 37
Views: 2866

Re: Should I buy Euros from local bank or use ATM in Europe

I wonder if anyone uses Costco citi visa for international travel, since it has no foreign transaction fees, and still earns 3% for restaurant, travel, and 1% everywhere else.
by infotrader
Wed May 29, 2019 11:32 pm
Forum: Personal Investments
Topic: Contribute additional $12k to 403b to convert $12k to Roth?
Replies: 7
Views: 772

Re: Contribute additional $12k to 403b to convert $12k to Roth?

You should max 403b, and contribute 457b after that (to the amount you can afford). You will want to get any employer match from a 403b, but if the investment options are good. You are generally better off maxing a government 457b before a 403b. It is just as safe as a 403b and you can do taxable, ...
by infotrader
Wed May 29, 2019 9:03 am
Forum: Personal Investments
Topic: Contribute additional $12k to 403b to convert $12k to Roth?
Replies: 7
Views: 772

Re: Contribute additional $12k to 403b to convert $12k to Roth?

You should max 403b, and contribute 457b after that (to the amount you can afford). I have some problem with rollover because what I did in the past. I want to rollover some 403/457 with Fidelity to my tIRA in vanguard when I am 59 1/2. I called Fidelity and was told that all my 403 money will be el...
by infotrader
Mon May 27, 2019 5:19 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 26
Views: 3231

Re: Roll Call for the Retirement Class of 2020!

Wife (will be 63) will retire in December 2020, and I plan to stay 18 months longer to erase some bad months for higher 36 month average. Due to over 37 years of service, a 15% increase can be substantial.
by infotrader
Sun May 26, 2019 5:33 pm
Forum: Investing - Theory, News & General
Topic: What is your U.S./ex-U.S. stock allocation?
Replies: 210
Views: 11840

Re: What is your U.S./ex-U.S. stock allocation?

90% vs. 10% international
I used to have much higher % of international, like 30%.
by infotrader
Fri May 24, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs]
Replies: 85
Views: 4229

Any thoughts, strategies on the new retirement bill today?

[Merged into existing locked topic, see LadyGeek's post above --- moderator oldcomputerguy] Kind of surprised to see no discussion here on this new bill yet. Especially this: Require inherited IRAs to be depleted within ten years. This is the provision that will pay for virtually everything else—br...
by infotrader
Wed May 22, 2019 9:00 am
Forum: Personal Investments
Topic: $400,000 gift to stepdaughter
Replies: 76
Views: 9046

Re: $400,000 gift to stepdaughter

I am not sure this $6K roth contribution is done. Will the money go to her Roth IRA account directly?
What if she does not have earned income on a given year?
by infotrader
Tue May 21, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when you have enough?
Replies: 31
Views: 4158

Re: What to do when you have enough?

why does the money have to be "used" how about passing it down and helping future generations? Or giving it to charity upon death? That is really a personal question. IMO the goal isn't to "use" the money, it is to live off the money and hopefully pass down to my kids and their kids enough to set t...
by infotrader
Mon May 20, 2019 5:21 pm
Forum: Personal Investments
Topic: Convince me that a 529 plan is a good idea.
Replies: 42
Views: 3380

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

I understand that the 529 comes first when financial aid is calculated. I can be wrong, but I think 529 is for those have a lot of money or those plan to go to state colleges, since you cannot get much financial aid either way. I just don't feel comfortable with the idea that I am tied to pay for my...
by infotrader
Mon May 20, 2019 1:49 pm
Forum: Investing - Theory, News & General
Topic: Wouldn't this make Traditional IRA far superior to Roth?
Replies: 82
Views: 8419

Re: Wouldn't this make Traditional IRA far superior to Roth?

I have a dear former co worker who was convinced that you shouldn’t pay taxes until you had to. He and his wife plowed money into 401ks both maxing out most years. My spouse and I were big fans of diversifying our savings. Very roughly 1/3 pretax 401k, 1/3 Roth, and 1/3 after tax. Fast forward 25 y...
by infotrader
Mon May 20, 2019 1:04 pm
Forum: Personal Investments
Topic: What is the best roth conversion strategy?
Replies: 17
Views: 2194

Re: What is the best roth conversion strategy?

You are right that I couldn't have known what would happen later. When I realized it, I stopped half of our contributions to deferral plans (the total allowed annually is ~$24000 x 4) and redirected money to taxable accounts, to avoid even larger deferred balance, and to allocate money to pay tax. ...
by infotrader
Mon May 20, 2019 11:00 am
Forum: Personal Investments
Topic: What is the best roth conversion strategy?
Replies: 17
Views: 2194

Re: What is the best roth conversion strategy?

I try to optimize the ratio between taxable, roth, and tax deferred. My main issue with overcontributing when young is that I ended paying more tax for that portion of income, i.e., deferring low tax bracket income to higher bracket upon withdrawal/conversion. Regarding market timing, I am always f...
by infotrader
Mon May 20, 2019 10:27 am
Forum: Personal Investments
Topic: What is the best roth conversion strategy?
Replies: 17
Views: 2194

Re: What is the best roth conversion strategy?

If you feel good about timing the market you likely won’t get talked out of it. It might work out. Alternatively, if you’re looking at your portfolio and you have made the decision to do conversions to add tax diversity, you could just do conversions at regular intervals and effectively dollar cost...
by infotrader
Mon May 20, 2019 9:13 am
Forum: Personal Investments
Topic: What is the best roth conversion strategy?
Replies: 17
Views: 2194

Re: What is the best roth conversion strategy?

I made the mistake of listening to common knowledge by starting to contribute to the max of 401k when young (and the salary was low) and for too long. I am holding a time bomb. I know that it will go off anyway, but just want to reduce its impact. I wouldn't call that a mistake! By all means, minim...
by infotrader
Sun May 19, 2019 10:32 pm
Forum: Personal Investments
Topic: What is the best roth conversion strategy?
Replies: 17
Views: 2194

Re: What is the best roth conversion strategy?

I am looking at 2 approaches: 1) Sell tax deferred holdings and convert them to Roth in cash, and buy new positions on market down days. 2) Hold tax deferred money in positions that are good for Roth, convert the position directly to Roth on market down days. Any better alternative, since no rechar...
by infotrader
Sun May 19, 2019 2:59 pm
Forum: Personal Investments
Topic: What is the best roth conversion strategy?
Replies: 17
Views: 2194

Re: What is the best roth conversion strategy?

3) Hold tax deferred money in positions that are good for Roth, convert the position directly to Roth ... Tomorrow . If you don’t have positions that are good for Roth then convert and sell to buy into what you want. Given your financial situation from another recent thread - Just do it and move on...
by infotrader
Sun May 19, 2019 10:46 am
Forum: Personal Investments
Topic: What is the best roth conversion strategy?
Replies: 17
Views: 2194

What is the best roth conversion strategy?

I am looking at 2 approaches: 1) Sell tax deferred holdings and convert them to Roth in cash, and buy new positions on market down days. 2) Hold tax deferred money in positions that are good for Roth, convert the position directly to Roth on market down days. Any better alternative, since no rechara...
by infotrader
Sun May 19, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: Wouldn't this make Traditional IRA far superior to Roth?
Replies: 82
Views: 8419

Re: Wouldn't this make Traditional IRA far superior to Roth?

The complexity of this discussion is due to the fact that everyone's situation is different, and we don't have a crystal ball for the future. For those who will continue to stay in low tax brackets after retirement, tax-deferred money is very good, period. However, for many BHers, they make more in ...
by infotrader
Sun May 19, 2019 9:23 am
Forum: Personal Consumer Issues
Topic: Trader Joe's Fans - good value?
Replies: 148
Views: 21580

Re: Trader Joe's Fans - good value?

Interestingly, the Aldi family, which owns Aldis, is also the owner of Trader Joes. Actually, it is not exactly true. There are two Albrecht brothers. There are two completely separate Aldi operations, even with different logos: Aldi Nord and Aldi Sud. The U.S. is a Aldi Sud country. Aldi Nord used...
by infotrader
Sun May 19, 2019 8:01 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 5773

Re: Guidance on choosing between UMich and Brown

Could someone educate me on what the “lower Ivy League” schools are? Brown, Cornell, Penn (outside of Business) and Dartmouth. Interesting to know where Columbia is in this list. It is would be part of the bottom but everyone forgets about it. HYP and the rest😀. Or you could look at individual prog...
by infotrader
Sat May 18, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting a condo purchase with friend?
Replies: 20
Views: 1715

Re: Splitting a condo purchase with friend?

Have done real estate deals with family before and don't recommend. Everyone's situation is unique however and not all friends are alike. Personally, I'd buy the condo and charge my friends subsidized rent when they use it. There are benefits to both parties, only one party on the title, repairs an...
by infotrader
Sun May 05, 2019 10:55 am
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4680

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

calmaniac wrote:
Sun May 05, 2019 10:04 am
+1 on what Nutmeg said

Don't count your pension chicks until they've hatched, particularly if the pension source is not well funded (local gov't, company).
Agree, especially the ones in Illinois.
by infotrader
Sun May 05, 2019 9:45 am
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4680

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

I am 59. Between my wife and myself, we will have 3 pensions plus ss. We always have 100% in equities. In 2009, there was a 50% loss but I did not sell, but instead invested whatever I could the same way. I am only interested in accummlation and try to build a permanent portfolio. I don't have an em...
by infotrader
Thu May 02, 2019 11:59 pm
Forum: Personal Investments
Topic: Pension (rollover IRA or stay put)?
Replies: 13
Views: 988

Re: Pension (rollover IRA or stay put)?

Take the 175k lump sum and roll it over to fidelity. It is a no brainer to me. There is little chance that the lump sum option will be available at 65. When there is a change of the pension plan, the lump sum option will be the first to go.
by infotrader
Wed May 01, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: Do others dislike Vanguard's new website as much as me?
Replies: 205
Views: 12677

Re: Do others dislike Vanguard's new website as much as me?

Little off the topic.
The citi banking site is so bad that I ended up closing the account. Chase is way better.
by infotrader
Wed May 01, 2019 9:33 am
Forum: Personal Consumer Issues
Topic: Do others dislike Vanguard's new website as much as me?
Replies: 205
Views: 12677

Re: Do others dislike Vanguard's new website as much as me?

I give Fidelity an "A" for its website. Vanguard and Chase get a B-. Interesting. I've had Vanguard and Fidelity accounts since the 90s. I've always loved the Vanguard site and *tolerated* Fidelity's. (I also had Schwab, but never mind that part....) I've always found V's website easier in terms of...
by infotrader
Sun Apr 28, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions at age 70?
Replies: 12
Views: 982

Re: Roth conversions at age 70?

I think it makes perfect sense... at least to the top of 22%, to take advantage of the current low tax rate until 2026.
They should have done it sooner, of course.
by infotrader
Sun Apr 28, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Is ACH Billpay risky?
Replies: 47
Views: 4161

Re: Is ACH Billpay risky?

I never push it, but always pull. Never have any problems.
Recently, I used Amazon Prime to prepay my utility bills for a year to get the 5%.
For me, most of the "common wisdoms" are wrong: I use credit wherever I can, even for under a dollar purchases, and only have 20 dollars cash in wallet.