Search found 277 matches

by infotrader
Tue May 26, 2020 9:55 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 188
Views: 21425

Re: Roll Call for the Retirement Class of 2020!

I wonder if people postpone their retirement due to COVID19, but under such scenario:
You work from home, basically don't do much, and you have nowhere to go and no way to spend money.
I cannot tell how my life will be different if I do retire. It sounds like I will retire just for the sake of it.
by infotrader
Fri May 08, 2020 9:11 am
Forum: Personal Investments
Topic: $250,000 Debt, High-Income Potential, beginner starting from ZERO
Replies: 37
Views: 4194

Re: $250,000 Debt, High-Income Potential, beginner starting from ZERO

GIven your future earning potential, during residency:
Max Roth IRA, but contribute 0 to 403b.
by infotrader
Wed Apr 22, 2020 9:48 am
Forum: Personal Investments
Topic: FDGRX - Growth Fund vs. SP500
Replies: 23
Views: 1091

Re: FDGRX - Growth Fund vs. SP500

We have made a killing with this fund in the last decade. It is my favorite fund in our portfolio and, though there is no guarantee for future performances, it is my one indulgence for paying a high annual fee. How has it done vs. a low cost growth index ETF like VUG or MGK? I actually have MGK in ...
by infotrader
Wed Apr 22, 2020 9:39 am
Forum: Personal Investments
Topic: FDGRX - Growth Fund vs. SP500
Replies: 23
Views: 1091

Re: FDGRX - Growth Fund vs. SP500

I would replace SNP500 with FDGRX.
I have the UC version of it, and found it less volatile than SNP500.
The fund is a separate account invested in the Fidelity® Growth Company Commingled Pool Class 2
https://myucretirement.com/Managed/Asse ... 20FUND.pdf
by infotrader
Wed Feb 26, 2020 2:52 pm
Forum: Personal Investments
Topic: Rollover a 403B to IRA while still employed
Replies: 5
Views: 275

Re: Rollover a 403B to IRA while still employed

I do not think rolling over the 403b to an IRA while still employed at the same employer, is possible. What may be possible is if you can do Roth conversion of some amount in the 403b account to Roth 403b. But you need to check with the employer. It accomplishes the same thing. With respect to 457 ...
by infotrader
Wed Feb 26, 2020 2:46 pm
Forum: Investing - Theory, News & General
Topic: This is boring
Replies: 23
Views: 5290

Re: This is boring

Gemini1962 wrote:
Tue Feb 25, 2020 4:07 pm
I'm 100% equities so I don't have to worry about rebalancing! I'm pretty ambivalent about it dropping, it's just noise and part of the game.
Same here. No pain, no gain.
by infotrader
Thu Feb 20, 2020 7:16 pm
Forum: Personal Investments
Topic: Help with 403 & 457 options
Replies: 41
Views: 1591

Re: Help with 403 & 457 options

Please also note the distribution restrictions of 457b plan. If you stay with the same employer, you may not touch the money until 70 years old. That means you may not do in service roth conversion which is allowed in 403b after 59 1/2
by infotrader
Thu Feb 20, 2020 7:03 pm
Forum: Personal Investments
Topic: Help with 403 & 457 options
Replies: 41
Views: 1591

Re: Help with 403 & 457 options

There are way too many funds in the portfolio. Will you have a pension when you retire? Also, you still have at least 10 years to let your investments grow. I read it long time ago that for those who have pensions, they may treat pension as a bond fund. I would pick three funds available to you: VAN...
by infotrader
Wed Feb 19, 2020 4:54 pm
Forum: Personal Investments
Topic: Roth 401k for daughter?
Replies: 34
Views: 1904

Re: Roth 401k for daughter?

she is starting at the very low end of the 24% bracket and will probably remain in that bracket her entire career, single now. If that is the case, I revise my prior suggestion. She should max out her traditional 401k contribution first, and then do a backdoor Roth IRA. I agree. However, taken into...
by infotrader
Sat Feb 15, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Entry-Level Jobs with Pensions - What companies still offer pensions these days?
Replies: 155
Views: 12324

Re: Entry-Level Jobs with Pensions - What companies still offer pensions these days?

This is a 3rd-hand information request. There is about a 1% chance that the job seeker will use the information posted in this thread to pursue a job with a company just because it has a pension. And a 0.1% chance they'll land a job at one of the mentioned companies. And a 0.01% chance they'll stay...
by infotrader
Tue Feb 11, 2020 1:49 am
Forum: Personal Investments
Topic: Roth conversion at Fidelity
Replies: 13
Views: 1094

Re: Roth conversion at Fidelity

Thank you for the responses.
I tried with selling, so it did not work.
by infotrader
Mon Feb 10, 2020 3:26 pm
Forum: Personal Investments
Topic: Roth conversion at Fidelity
Replies: 13
Views: 1094

Roth conversion at Fidelity

I have accounts both with Vanguard and Fidelity.
At Vanguard, there is a tab "Convert to Roth IRA", and then you can choose the position and number of shares to convert.
Is there a similar way to convert at Fidelity, or I need to call a Fidelity rep?
by infotrader
Wed Feb 05, 2020 5:51 pm
Forum: Personal Investments
Topic: Consolidating within Roth IRA
Replies: 4
Views: 393

Re: Consolidating within Roth IRA

I can think if reasons to have bonds in a Roth, but I can't think if any reason to have 1% of anything. That's the first thing I'd get rid of, and the second is the Large Cap for the reasons the OP gives. Here is my scenario: I keep the position, so that I can remind myself which fund to buy when I...
by infotrader
Sun Jan 26, 2020 11:05 am
Forum: Personal Investments
Topic: Leaving TIRAs to kids vs.spouse and vs. Roth conversions
Replies: 24
Views: 1233

Re: Leaving TIRAs to kids vs.spouse and vs. Roth conversions

We have our children as contingent beneficiaries of our IRA's with the spouse as primary. Our IRA's are at Fidelity and I verified with them that the surviving spouse can disclaim all or part of the IRA with the balance going to the contingent beneficiaries. This allows the surviving spouse to make...
by infotrader
Thu Jan 23, 2020 12:58 pm
Forum: Personal Investments
Topic: Pension Plus 457 Plan
Replies: 27
Views: 2228

Re: Pension Plus 457 Plan

It is very difficult to offer advice without a whole picture.
If your wife has a tax deferred balance, you may consider do roth conversion from that account while you still contribute to your 457.
by infotrader
Tue Nov 26, 2019 5:43 pm
Forum: Personal Investments
Topic: Roth Conversion in Low Income Years
Replies: 6
Views: 594

Re: Roth Conversion in Low Income Years

I am not sure what year is "that year", but just do it, since it will let you:
1) Start tax-free earnings now.
2) Current tax rates will expire in 2025
by infotrader
Wed Nov 13, 2019 11:36 pm
Forum: Personal Investments
Topic: Roth IRA Portfolio Options
Replies: 31
Views: 2073

Re: Roth IRA Portfolio Options

I second

2)
100% Vanguard Total Stock Mkt Idx Adm (VTSAX)

I doubt if the OP will use the money even after 25 years.
by infotrader
Wed Nov 13, 2019 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: 403B vs 457B
Replies: 28
Views: 2621

Re: 403B vs 457B

My wife has both and she is 61 now, and she has been with the same univ. for years. Everything was fine until last year when she wanted to move some money to IRA so that she could do in service roth IRA conversion. She could do that with her 403 (after 59 1/2) but not with 457: she has to either ret...
by infotrader
Mon Sep 16, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated taxes
Replies: 3
Views: 415

Re: Estimated taxes

You will see the estimate payments in your IRS account.
When you file your tax for 2019, just enter the total of your prepayments in turbo tax.
That's it.
by infotrader
Tue Sep 10, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: Lexus or Camry?
Replies: 34
Views: 3509

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: 17
Views: 2778

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: 1623

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: 1506

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: 1506

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: 678

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: 332
Views: 31319

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: 1271

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: 1271

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: 16800

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: 1677

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: 1677

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: 1181

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: 1677

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: 3621

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: 3621

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: 3972

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: 19428

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: 6312

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: 4175

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: 3776

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: 3776

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: 3170

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: 836

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: 836

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: 188
Views: 21425

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: 13899

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: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 23306

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: 9265

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: 4241

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...