Search found 445 matches

by Luckywon
Thu Jun 20, 2019 1:25 am
Forum: Personal Investments
Topic: Confused with the markets
Replies: 35
Views: 2395

Re: Confused with the markets

Dear galactica1971,

Why didn't you just lump sum the money into VBINX?? I'd be so much better off!!

from galactica1986.
by Luckywon
Thu Jun 20, 2019 1:14 am
Forum: Personal Investments
Topic: Confused with the markets
Replies: 35
Views: 2395

Re: Confused with the markets

Honestly, I feel pretty certain that whatever course your sophisticated analysis leads you to take at this time, 15 years from now you will just wish you had put the whole thing in a two or three fund portfolio, lump sum, and forgot about it.
by Luckywon
Wed Jun 12, 2019 6:00 pm
Forum: Investing - Theory, News & General
Topic: What financial information do you wish was more commonly known?
Replies: 46
Views: 7449

Re: What financial information do you wish was more commonly known?

Investing has nothing to do with picking stocks or having insights about the future.
by Luckywon
Mon Jun 10, 2019 5:43 pm
Forum: Personal Investments
Topic: Work hard, saved hard, retired....now what :)
Replies: 22
Views: 4968

Re: Work hard, saved hard, retired....now what :)

Planned maximum yearly spend: $190K ($120-130 more typical based on post-retirement tracking). Other than SS, no other pension plans or income streams. I will be looking at ROTH conversions as you suggested, and just hope the ROTH details don't get changed too much over the next few years. NukeWork...
by Luckywon
Sun Jun 09, 2019 12:58 pm
Forum: Investing - Theory, News & General
Topic: Having lunch with a retiree
Replies: 16
Views: 2441

Re: Having lunch with a retiree

What's good here? :) :D
by Luckywon
Thu Jun 06, 2019 12:07 pm
Forum: Investing - Theory, News & General
Topic: Thank you, Taylor Larimore!
Replies: 49
Views: 6010

Re: Thank you, Taylor Larimore!

Thank you Taylor Larimore for all your contributions!!

I always enjoy and look forward to your posts here. I have learned a lot from them.
by Luckywon
Thu Jun 06, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Pine Tree Incident
Replies: 31
Views: 3546

Re: Pine Tree Incident

#unscrupulous
by Luckywon
Thu Jun 06, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Pine Tree Incident
Replies: 31
Views: 3546

Re: Pine Tree Incident

Orion443 wrote:
Thu Jun 06, 2019 10:54 am

The restoration company wants to make an exclusive bid on all of the repair work, but will only do so if we don’t get other estimates.
You are asking whether it might be a good idea to do business with a company that wants to hold you hostage? :confused
by Luckywon
Thu Jun 06, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Form 5500EZ
Replies: 9
Views: 526

Re: Form 5500EZ

I use MySolo401k and just had them write up an amendment that changes the sponsor from my S-Corp to my sole proprietorship. Didn’t have to change anything, not even account titles. This is correct. If you have amended a one-participant 401k to add an affiliated employer. The plan still has an emplo...
by Luckywon
Thu Jun 06, 2019 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Form 5500EZ
Replies: 9
Views: 526

Re: Form 5500EZ

The only time you would need to terminate a one-participant 401k is if the business sponsor ceases to exist. A disregarded single member LLC and sole proprietor generally exist from inception until death. I have never heard of the IRS requiring such a business entity to terminate a one-participant ...
by Luckywon
Wed Jun 05, 2019 12:52 am
Forum: Personal Investments
Topic: Just Got a Call From Fidelity
Replies: 55
Views: 7654

Re: Just Got a Call From Fidelity

Glad to hear you faced the demon and came out the other side :sharebeer . thanks for the update :happy
by Luckywon
Sun Jun 02, 2019 3:18 pm
Forum: Personal Investments
Topic: Just Got a Call From Fidelity
Replies: 55
Views: 7654

Re: Just Got a Call From Fidelity

One safe bet is that this thread has taken more of your time than would have been spent returning the call. :) Of course, ditto for myself and anyone who has read this far. Grateful to everyone who provided useful responses, you included. I will make the call and see what he has to say. I hope I di...
by Luckywon
Sun Jun 02, 2019 3:06 pm
Forum: Investing - Theory, News & General
Topic: Best free tools to evaluate current portfolio balance?
Replies: 9
Views: 637

Re: Best free tools to evaluate current portfolio balance?

At Schwab their "Schwab Portfolio Checkup" feature does a nice job of showing asset allocation in any combination of Schwab/external accounts and it will update data from external brokerage accounts automatically if you enroll those accounts.
by Luckywon
Sun Jun 02, 2019 2:30 pm
Forum: Personal Investments
Topic: Just Got a Call From Fidelity
Replies: 55
Views: 7654

Re: Just Got a Call From Fidelity

One safe bet is that this thread has taken more of your time than would have been spent returning the call. :) Of course, ditto for myself and anyone who has read this far.
by Luckywon
Sun Jun 02, 2019 2:14 pm
Forum: Personal Investments
Topic: Large portfolio inheritance
Replies: 30
Views: 4171

Re: Large portfolio inheritance

Some brokerages have optional enhanced security measures. I know Fidelity has a feature called "account lockdown" and Etrade has a feature called "No funds out". These can be turned on or off at the account specific level using security measures such as answering additional questions or a phone call...
by Luckywon
Sun Jun 02, 2019 2:11 pm
Forum: Personal Investments
Topic: Large portfolio inheritance
Replies: 30
Views: 4171

Re: Large portfolio inheritance

Some brokerages-I know Fidelity has a feature called "account lockdown" and Etrade has a feature called "No funds out"that enhance security. They can be turned on or off at the account specific level using security measures such as answering additional questions or a phone call. I use these for any ...
by Luckywon
Sun Jun 02, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: What personal finance metrics do you track?
Replies: 44
Views: 3349

Re: What personal finance metrics do you track?

I've been following Bogleheads for the better part of the last 10 years and at this point I've got a fairly detailed spreadsheet that tracks several monthly data points and metrics including Investments Account balances broken down by investment US Stock, Intl Stock, Bond, Cash as % of portfolio Ta...
by Luckywon
Sat Jun 01, 2019 5:03 pm
Forum: Personal Consumer Issues
Topic: Thinking of leasing bmw 3 series
Replies: 56
Views: 4230

Re: Thinking of leasing bmw 3 series

navyitaly wrote:
Sat Jun 01, 2019 2:55 pm
Don’t put money down on a lease..instead put multiple security deposits down and lower the money factor.
What happens to your security deposits if the car is totaled? Are they returned? Maybe it depends on the specifics of the lease?
by Luckywon
Sat Jun 01, 2019 2:34 pm
Forum: Personal Investments
Topic: PIMIX, income, cash, interest rates?
Replies: 49
Views: 4207

Re: PIMIX, income, cash, interest rates?

I have some inside information that it is a very good time to buy PIMIX, i.e. I just got ot if it. :oops: it was a fairly sizable component of my fixed income allocation. I dumped it in favor of BND a short while ago. I decided that the high expense ratio was not worth it, given the overall low retu...
by Luckywon
Sat Jun 01, 2019 2:19 pm
Forum: US Chapters
Topic: Any Los Angeles area chapters?
Replies: 6
Views: 592

Re: Any Los Angeles area chapters?

Me too!
by Luckywon
Sat Jun 01, 2019 1:16 pm
Forum: Personal Consumer Issues
Topic: 4 Day plan to LA..Suggestions
Replies: 22
Views: 1057

Re: 4 Day plan to LA..Suggestions

If you like ethnic foods, consider planning a meal or two in one of the designated neighborhoods-authentic food and usually very reasonably priced Korean-Koreatown in LA Chinese-San Gabriel/Monterey Park area Thai-Thaitown in Hollywood Indian-Pioneer Blvd in Artesia area Persian-Westwood Ethiopian-F...
by Luckywon
Sat Jun 01, 2019 12:57 pm
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 102
Views: 11380

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.

What is the capacity of this event? Are most people fans just like us here, or so you also see a lot of professional people from the industry? While we could obviously sell out a much larger venue, we purposely cap it at 200. That's a number where attendees don't feel lost in a huge crowd and they ...
by Luckywon
Sat Jun 01, 2019 12:19 pm
Forum: Investing - Theory, News & General
Topic: Does one need a bank account anymore?
Replies: 60
Views: 4276

Re: Does one need a bank account anymore?

However, I have been unable to cash in my fully matured Series EE savings bonds. My local Schwab doesn't do it (Schwab brokerage is separate from Schwab bank), the only Schwab bank is in Las Vegas (haven't been in Vegas recently), my credit union won't cash them, and the other credit union and Bric...
by Luckywon
Fri May 31, 2019 12:34 am
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 12746

Re: 2% withdrawal rate

Disagree. 1.9 % would be prudent too.
by Luckywon
Thu May 30, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2224

Re: DIY amendment to Trust?

Most attorney's I know that do estate planning (and this goes for me when I used to practice as an attorney and did estate planning) will review your estate plan for free. Then if there are changes required, they will suggest them. There is no way that an attorney that was simply doing an amendment...
by Luckywon
Thu May 30, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2224

Re: DIY amendment to Trust?

Think about who is going to be seeing and reviewing the amendment, do you see any reason they would refuse it? I personally think they just tick the box. Funny, though, we had one situation where a trust document, prepared by an attorney, was submitted to three different companies, only one company...
by Luckywon
Thu May 30, 2019 10:14 am
Forum: Personal Investments
Topic: Calculating Traditional vs Roth Solo 401k Contributions With QBI Deduction
Replies: 24
Views: 1160

Re: Calculating Traditional vs Roth Solo 401k Contributions With QBI Deduction

This is only true if the plan allows it, and the only Solo 401k I'm aware of that does this is MySolo401k. My wife has an Etrade Solo 401k and they do not currently allow after-tax contributions. We did send them a request a couple weeks ago to see if this feature can be added; nothing so far. If E...
by Luckywon
Wed May 29, 2019 12:55 pm
Forum: Personal Consumer Issues
Topic: tankless water heater?
Replies: 37
Views: 3315

Re: tankless water heater?

If you lose power, I don't believe a tankless will work, even if it is gas. This was the main reason we opted for a tank model, as we lose power several times a year. My Rinnai gas tankless heaters definitely need power to operate. If power is out and I want hot water, I believe I could plug the he...
by Luckywon
Mon May 27, 2019 11:48 pm
Forum: Personal Consumer Issues
Topic: tankless water heater?
Replies: 37
Views: 3315

Re: tankless water heater?

I have two gas Rinnai tankless heaters. I installed them because they are outdoors and I could make good use of the space where the indoor gas heater was previously. My reasoning for two heaters was that it saved on time to hot water at some of the outlets, and might not be more expensive long term ...
by Luckywon
Sun May 26, 2019 7:38 pm
Forum: US Chapters
Topic: Retiredjg at 36,000 posts!
Replies: 34
Views: 2353

Re: Retiredjg at 36,000 posts!

Retiredjg's posts are living proof the best things in life are free!
by Luckywon
Sun May 26, 2019 6:29 pm
Forum: Personal Investments
Topic: Calculating Traditional vs Roth Solo 401k Contributions With QBI Deduction
Replies: 24
Views: 1160

Re: Calculating Traditional vs Roth Solo 401k Contributions With QBI Deduction

Ok, that makes sense too. Thank you for such detailed explanations - really, it has moved my understanding along very quickly. The 2019 limit for elective deferrals is $19,000 from what I've read, so assuming a high enough income I guess I could do: $19,000 into Roth solo 401k $37,000 into traditio...
by Luckywon
Sun May 26, 2019 12:55 am
Forum: Personal Consumer Issues
Topic: How much to tip food delivery driver
Replies: 39
Views: 3706

Re: How much to tip food delivery driver

Occasionally order Thai and Indian food delivery, give $20 tip. (About 40%). I do live in a HCOL area with bad traffic. I figure that's about how much an Uber driver would charge to drive round trip, and the delivery guy should get the same or more.
by Luckywon
Fri May 24, 2019 10:05 am
Forum: Personal Investments
Topic: Best Solo 401k Brokerage for Three Fund Portfolio
Replies: 40
Views: 2654

Re: Best Solo 401k Brokerage for Three Fund Portfolio

Note: ETrade is unique among the mainstream low cost one-participant 401k providers. They are the only ones offering IRRs. Your only other choices are to pay for a custom plan document and self-administer the plan or hire a TPA. I have my individual 401k at Etrade. Although they allow IRR's, they d...
by Luckywon
Fri May 24, 2019 8:31 am
Forum: Personal Investments
Topic: Best Solo 401k Brokerage for Three Fund Portfolio
Replies: 40
Views: 2654

Re: Best Solo 401k Brokerage for Three Fund Portfolio

Note: ETrade is unique among the mainstream low cost one-participant 401k providers. They are the only ones offering IRRs. Your only other choices are to pay for a custom plan document and self-administer the plan or hire a TPA. I have my individual 401k at Etrade. Although they allow IRR's, they d...
by Luckywon
Wed May 22, 2019 11:24 pm
Forum: Personal Investments
Topic: Best Solo 401k Brokerage for Three Fund Portfolio
Replies: 40
Views: 2654

Re: Best Solo 401k Brokerage for Three Fund Portfolio

My individual 401k is at Etrade and I've been very happy with them. Was able to roll over a 403b into the account. Very wide selection of funds-I don't think there are any restrictions on what can be bought. No mega backdoor Roth option but none of the boilerplate brokerage 401k plans allow those, t...
by Luckywon
Sat May 18, 2019 8:04 pm
Forum: Personal Investments
Topic: Young Investor Strategy Help
Replies: 12
Views: 1184

Re: Young Investor Strategy Help

Rick Ferri wrote:
Sat May 18, 2019 8:01 pm
Buy VASGX and fuggedaboutit.

Rick Ferri
So wish I had done this from day one.
by Luckywon
Thu May 16, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2224

Re: DIY amendment to Trust?

... bsteiner, have you seen cases where DIY amendments caused problems? Is this a very bad idea? I'm a California resident considering amending my Trust to change the beneficiaries using a previous amendment which changed the beneficiaries as a template. We don't see very many Wills or trusts that ...
by Luckywon
Wed May 15, 2019 11:34 pm
Forum: Personal Investments
Topic: I'm 37, late to the game, worth about 35k...
Replies: 42
Views: 7231

Re: I'm 37, late to the game, worth about 35k...

- someone above mentioned that i don't qualify to invest in IRAs, although i already have. is there any way of that catching up to bite me in the future? My understanding is that you are required to distribute ineligible/excess contributions along with earnings on those contributions and possibly p...
by Luckywon
Wed May 15, 2019 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2224

Re: DIY amendment to Trust?

... I can't tell you how many times a person (title company, insurance company, bank) insists that they must have possession of the entire trust. ... If the trustees are the sellers, the title company wants to see the trust to make sure there's nothing in it that would prevent the trustees from sel...
by Luckywon
Wed May 15, 2019 5:01 pm
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 13899

Re: Help my broker is trying to freak me out

... once I was talking with broker I got nervous ... Looks like you are moving in a very good direction, with advice from this forum. I strongly suggest you never speak to your broker again. IMO, nothing he says will be of added value and he will be on a mission to retain you as a client using tact...
by Luckywon
Wed May 15, 2019 12:52 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 97
Views: 10451

Re: If you are already wealthy, what keeps you motivated?

Interesting question to think about. Here are some of the reasons I have heard or seen from colleagues/friends: -They enjoy their work or derive their self worth from their work. -Their spouse is not on board with them retiring. -They have no clue whether or not they could retire now. -The concept o...
by Luckywon
Wed May 15, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2224

Re: DIY amendment to Trust?

Of have done a few minor DIY legal matters and have used a lawyer. Unfortunately, I have usually needed to make corrections to the attorney prepared documents which may make me lean more towards DIY than I otherwise would. I've had the same experience. On a few occasions, information I found online...
by Luckywon
Mon May 13, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of becoming an independent contractor
Replies: 37
Views: 2917

Re: Benefits of becoming an independent contractor

If you gross $180k as an independent contractor, you won't be able to, nor will you want to, have a salary of $180k. Let's say your salary is $100k. Your business account would look something like this: Salary: $100k Employer 401k: $25k (25% of salary up to $56k total employer + employee) Employer ...
by Luckywon
Mon May 13, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of becoming an independent contractor
Replies: 37
Views: 2917

Re: Benefits of becoming an independent contractor

I'm considering becoming an independent contractor in a similar job that I'm currently employed. For purposes of this thread, assume non-compete isn't an issue. It isn't an issue and I'd like to stay on topic. My goal is to compare: A) Staying with my current company vs B) Starting a single-member ...
by Luckywon
Mon May 13, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2224

Re: DIY amendment to Trust?

J295 wrote:
Mon May 13, 2019 2:43 pm

And, why so many prior amendments?
Will not be enumerating why for you as your approval or comments on them are not of interest to me, and I cannot think of any good reason why you would inquire about the reasons for them.
by Luckywon
Mon May 13, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: DIY amendment to Trust?
Replies: 26
Views: 2224

Re: DIY amendment to Trust?

I DIYed an amendment to our revocable trust for a similar reason; change of Successor Trustee as well as some minor changes. Since this was the first amendment and I had no example to copy, I used a template I found on the internet. After I prepared the amendment I paid a lawyer to review the amend...
by Luckywon
Sun May 12, 2019 9:14 am
Forum: Personal Investments
Topic: A spray of questions as a newbie snaps to attention in the last decade before retirement
Replies: 17
Views: 2718

Re: A spray of questions as a newbie snaps to attention in the last decade before retirement

If I were you I would move toward the three fund portfolio to the extent possible without triggering capital gains taxes. -Liquidate all retirement holdings and taxable holdings that have little or no capital gains and purchase vti, vxus and bnd (or their mutual fund equivalents) in an allocation th...
by Luckywon
Fri May 10, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 126
Views: 17581

Re: Cash - Throw it all on the table!!!

I keep about 25k in cash. Expenses about 16k/month. My next most liquid asset would be my ETF's.

I am not a believer in keeping a lot of cash. The liquidity of my ETF Investments is sufficient for me.
by Luckywon
Sun May 05, 2019 3:00 pm
Forum: Personal Investments
Topic: Too much stock!
Replies: 10
Views: 1607

Re: Too much stock!

Scenarios I am aware of to avoid ultimately paying federal capital gains taxes already accrued 1) You die. Heirs get step up. 2) Realize the gains when your MAGI is at 0% capital gains tax rate. 3) Donate the asset to charity. 4) Hold the stock until there is a major decline and the capital gains g...