Search found 43 matches

by wetgear
Mon Mar 23, 2020 10:44 am
Forum: Personal Investments
Topic: Our DCA Plan (30 year old DINKs)
Replies: 10
Views: 514

Re: Our DCA Plan (30 year old DINKs)

You could always just stay with Fido and use the ETF ITOT. It is tax efficient, very low cost, and it also follows a total market index. Vanguard is great but I don't see any advantages there that make it worth making your finances more complicated by adding another account.
by wetgear
Fri Mar 13, 2020 9:43 pm
Forum: Personal Investments
Topic: Please Rate / Comment on my Taxable Acct
Replies: 6
Views: 318

Re: Please Rate / Comment on my Taxable Acct

The ER on the USAA funds are both a bit high. It seems at very least you can change the one in your taxable to something with lower fees.
by wetgear
Fri Mar 13, 2020 2:04 pm
Forum: Personal Investments
Topic: Pay off mortgage?
Replies: 19
Views: 1613

Re: Pay off mortgage?

What interest rate is the mortgage? It's hard to say in general what the right move is but depending on the entire situation it might make sense.
by wetgear
Fri Mar 13, 2020 10:16 am
Forum: Personal Investments
Topic: Question about 401k strategy
Replies: 5
Views: 323

Re: Question about 401k strategy

Emergency fund is good, no debt. I am trying to build up a down payment. Any particular reason to roll the SIMPLE into the 401k vs a Traditional IRA? Consolidation and the possibility that you may not be able to directly contribute to your rIRA if your income increases. In that case you will need t...
by wetgear
Tue Mar 10, 2020 8:07 pm
Forum: Personal Investments
Topic: Trying To Get Into Investing For 1st Time
Replies: 8
Views: 467

Re: Trying To Get Into Investing For 1st Time

The funds you'll most likely want to use can be found here: https://www.bogleheads.org/wiki/Fidelity FSKAX FTIHX FXNAX Are the 3 fund portfolio mutual fund versions. ITOT IXUS AGG Are the ETF versions of above for your taxable accounts. Above are similar to some of the Vanguard funds you listed. The...
by wetgear
Tue Mar 10, 2020 11:21 am
Forum: Personal Investments
Topic: Quick Asset Allocation Question
Replies: 7
Views: 471

Re: Quick Asset Allocation Question

Looks fine a couple of notes though: For international FTIHX is more diversified (more small, mid, and EM). FSPSX is all large cap. FUAMX is good at avoiding state taxes but if your bond allocation is all in tax deferred accounts as is the general recommendation around here I'd just use FXNAX for si...
by wetgear
Mon Mar 09, 2020 8:49 pm
Forum: Personal Investments
Topic: Confused on how to get to my AA
Replies: 7
Views: 578

Re: Confused on how to get to my AA

New money to bonds and only to bonds until you reach 60/40. TLH seems like a good idea too.
by wetgear
Sun Mar 08, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: House Reassessment
Replies: 13
Views: 927

Re: House Reassessment

I've found in general that the state of the house has considerably less to do with the assessed value than one would expect. Some exceptions to this are very extreme cases like the place being a knockdown. Real estate price is about location, location, and location. Comps are usually considered if t...
by wetgear
Thu Mar 05, 2020 10:57 am
Forum: Personal Investments
Topic: tax on rental property - previously primary residence
Replies: 15
Views: 675

Re: tax on rental property - previously primary residence

lakpr wrote:
Thu Mar 05, 2020 9:43 am
To correctly calculate the gains on the property, therefore you will need an appraisal of the property on the day you converted it to rental property.
Is it possible to get retroactive appraisals? If not how is this done?
by wetgear
Mon Mar 02, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best Visa Credit Card
Replies: 24
Views: 1842

Re: Best Visa Credit Card

You'll probably have better luck in the personal finance forum but I like the Fidelity 2% cash back Visa.
by wetgear
Mon Mar 02, 2020 11:59 am
Forum: Personal Investments
Topic: What to do with my Fidelity® ZERO Extended Market Index Fund in my Roth IRA
Replies: 4
Views: 313

Re: What to do with my Fidelity® ZERO Extended Market Index Fund in my Roth IRA

The fund is less than 2 years old and there have been 2 notable corrections to the market since that time, that's not the funds fault. As far as tracking error goes it has it's own index of which it is off by +2.45% since inception, that's probably just noise but it is currently outperforming it's o...
by wetgear
Sat Feb 29, 2020 8:29 pm
Forum: Personal Investments
Topic: 25yo switching from target dates to self-managed
Replies: 30
Views: 2388

Re: 25yo switching from target dates to self-managed

*BUT*, if the OP is earning more than $138k for 2020, he is going to pay the max payroll taxes anyway through his paycheck, so there is no tax advantage in making the HSA contributions through the payroll. Open a Fidelity HSA account, and contribute money out of pocket in one lump-sum, and invest i...
by wetgear
Sat Feb 29, 2020 11:34 am
Forum: Personal Investments
Topic: 25yo switching from target dates to self-managed
Replies: 30
Views: 2388

Re: 25yo switching from target dates to self-managed

*BUT*, if the OP is earning more than $138k for 2020, he is going to pay the max payroll taxes anyway through his paycheck, so there is no tax advantage in making the HSA contributions through the payroll. Open a Fidelity HSA account, and contribute money out of pocket in one lump-sum, and invest i...
by wetgear
Tue Feb 25, 2020 11:32 am
Forum: Personal Investments
Topic: Recently Married - Portfolio / Savings Planning
Replies: 4
Views: 426

Re: Recently Married - Portfolio / Savings Planning

Hi all,  I've had several recent life changes, all of which are positive, and several more that I'm anticipating in the next few years.  Good changes are 1) I married an amazing woman, 2) I started a new job that is a very large quality of life improvement for me, and 3) my wife and I have both had...
by wetgear
Thu Feb 13, 2020 11:53 am
Forum: Personal Investments
Topic: Investing money for the next 6 years
Replies: 34
Views: 4225

Re: Investing money for the next 6 years

Since you can lose no more than 30% I’d put 30% in a TSM index fund and the rest in money market, HYSA, or CDs. If TSM is up in 6 years use that money, if it’s down hold it and use the safe money.
by wetgear
Wed Feb 12, 2020 4:28 pm
Forum: Personal Investments
Topic: Increase portfolio aggression
Replies: 23
Views: 1338

Re: Increase portfolio aggression

I do not suggest dropping Vanguard Total Bond Market ETF (BND), I feel that a bond allocation is a good idea at any age. Even though one of OP's goals is to increase how aggressive his portfolio is? Additionally this is currently in a taxable account so it will have some tax drag. I get what you ar...
by wetgear
Tue Feb 11, 2020 10:23 pm
Forum: Personal Investments
Topic: Increase portfolio aggression
Replies: 23
Views: 1338

Re: Increase portfolio aggression

What's this money for? Retirement or something sooner? If its for retirement you should consider putting it into a IRA, most likely a roth IRA. You may also consider just not buying any more BND for the next 10+ years which would make your portfolio more aggressive while not causing you to pay capit...
by wetgear
Sun Feb 09, 2020 5:46 pm
Forum: Personal Investments
Topic: Advice on Retirement Portfolio
Replies: 5
Views: 577

Re: Advice on Retirement Portfolio

Age: 59 Marital Status: Married Total Retirement Assets: $1.542M - IRA $.023M - ROTH Employer 401K ($.040) - 75% US Index/25% Govt Securities (US). 25% is ROTH. IRA Breakdown: VTI - $580/38% VOO - $80 /5% VXUS - $335/22% VGT - $122 / 8% ENB - $48K/3% BND - $376K/24% Target Retirement Age: 67 I woul...
by wetgear
Sun Feb 09, 2020 5:23 pm
Forum: Personal Investments
Topic: [Building Jack_Bogle portfolio]
Replies: 10
Views: 902

Re: Building Jack_Bogle portfolio

Although your questions seem simple the answers are harder because we don't have enough details. You'll get better and more straightforward answers if you use this format for giving us the necessary information.

viewtopic.php?f=1&t=6212
by wetgear
Sun Feb 09, 2020 5:18 pm
Forum: Personal Investments
Topic: Employer finally adding a HSA Option - Help me choose funds
Replies: 21
Views: 1062

Re: Employer finally adding a HSA Option - Help me choose funds

What state are you in? If it's Ca or Nj our recommendations might change.
by wetgear
Thu Feb 06, 2020 4:27 pm
Forum: Personal Investments
Topic: Investing Newbie
Replies: 23
Views: 1001

Re: Investing Newbie

Stumbled onto this site recently, as part of my resolution to organize my finances. Currently, have little to no knowledge of investing. Looking for some help on where I should start. Age:37 Current Investments: State pension, 457b pro account, wife's 401K. I have approx $10k in savings via my B&M ...
by wetgear
Tue Feb 04, 2020 6:19 pm
Forum: Personal Investments
Topic: Investing Newbie
Replies: 23
Views: 1001

Re: Investing Newbie

Stumbled onto this site recently, as part of my resolution to organize my finances. Currently, have little to no knowledge of investing. Looking for some help on where I should start. Age:37 Current Investments: State pension, 457b pro account, wife's 401K. I have approx $10k in savings via my B&M ...
by wetgear
Sat Jan 11, 2020 2:00 pm
Forum: Personal Investments
Topic: Need help getting started
Replies: 34
Views: 1788

Re: Need help getting started

FFNOX might be a good choice for you. Relatively low expenses, no minimum to invest, and on the aggressive side (85/15). It's technically 4 funds in 1 but very similar to a 3 fund portfolio highly regarded around here.
by wetgear
Wed Jan 08, 2020 11:57 am
Forum: Personal Investments
Topic: pro rata timing (roll in limbo)
Replies: 2
Views: 193

Re: pro rata timing (roll in limbo)

Thanks lakpr :sharebeer
by wetgear
Tue Jan 07, 2020 12:37 pm
Forum: Personal Investments
Topic: pro rata timing (roll in limbo)
Replies: 2
Views: 193

pro rata timing (roll in limbo)

Hello Bogleheads, Quick questions regarding timing of pro rata rule: Last year DW and I both did back door roth contributions with previously empty Trad IRAs. Additionally I started making mega backdoor roth contributions by rolling out after tax dollars from my 401k plan to my roth and gains on tho...
by wetgear
Sun Aug 11, 2019 5:05 pm
Forum: Personal Investments
Topic: Fidelity HSA set it and forget it investment?
Replies: 12
Views: 1427

Re: Fidelity HSA set it and forget it investment?

I run 50% FSKAX and 50% FTIHX, although if you live in Ca ITOT and IXUS could be better as 02nz pointed out.
by wetgear
Wed Apr 10, 2019 10:49 am
Forum: Personal Investments
Topic: Treating Home as Bonds?
Replies: 15
Views: 815

Re: Treating Home as Bonds?

No because homes can and do go down in value. They also require maintenance/upkeep which is sort of like a negative bond.
by wetgear
Thu Mar 14, 2019 12:28 am
Forum: Personal Investments
Topic: Need advice for selecting Vanguard Funds in 401k
Replies: 16
Views: 1036

Re: Need advice for selecting Vanguard Funds in 401k

You can allocate 70% of your contribution to the Target Date 2045 fund, and 30% to an S&P 500 index or Total Stock Market fund. 0.70 * 36% = 25.2% of your money is thus allocated to international stocks, rest to domestic stocks, and the bond percentage remains the same. The bond percentage doesn't ...
by wetgear
Wed Mar 13, 2019 11:59 pm
Forum: Personal Investments
Topic: Guidance on 401k Funds
Replies: 17
Views: 1618

Re: Guidance on 401k Funds

I'd go with one of the TR funds (good, easy, reasonable international allocation, low cost) but I'd personally look at the 2030 or 2035 options. 90/10 at 46 is quite aggressive. If that fits your risk tolerance that's fine but you are likely in the minority there. The general advice is to ignore the...
by wetgear
Thu Mar 07, 2019 6:51 pm
Forum: Personal Investments
Topic: 23 year old Investment Planning
Replies: 21
Views: 1288

Re: 23 year old Investment Planning

Take $5000 and put it towards a 2018 Roth IRA if eligible. Put the other $5000 towards this year’s Roth. Take the $1000 a month that you have to invest and finish the remainder of the Roth and put the rest towards your student loan. *$5500 for 2018/6k for 2019. If you aren't eligible to contribute ...
by wetgear
Thu Mar 07, 2019 12:59 pm
Forum: Personal Investments
Topic: 23 year old Investment Planning
Replies: 21
Views: 1288

Re: 23 year old Investment Planning

Welcome! Couple of thoughts: 1) I don't see much reason to hold both VTSMX and a S&P 500 fund. They will perform similarly but VTSMX is more diversified so probably just put the extra into that. 2) 60:40 for a 23 year old is pretty conservative, not wrong, but if there was ever a time to be more agg...
by wetgear
Mon Mar 04, 2019 12:12 am
Forum: Personal Investments
Topic: 401K Fund selection help
Replies: 14
Views: 796

Re: 401K Fund selection help

With the extra 10k per year you could buy some I Bonds now which would be redeemable penalty free (5 years) for the 2nd car replacement and double as your second layer emergency fund protecting the Roth which can be raised to a higher % equity now that it becomes 3rd layer EF. Then focus on first ca...
by wetgear
Sun Feb 24, 2019 6:55 pm
Forum: Personal Investments
Topic: Invest vs. Pay Down
Replies: 12
Views: 1390

Re: Invest vs. Pay Down

[/quote] 4.625% [/quote] Yeah get rid of the PMI, I think that's the obvious part. After that investing the rest and/or paying down mortgage further are probably your 2 best options. Any chance you can refi to a lower rate? Use some of the cash after getting rid of the PMI to switch to a 15 year at ...
by wetgear
Sun Feb 24, 2019 6:44 pm
Forum: Personal Investments
Topic: Advice on holding bonds in a taxable account
Replies: 20
Views: 2140

Re: Advice on holding bonds in a taxable account

Depending on your federal and state tax brackets the best option might be none of the above. What tax brackets are you in? This information is also valuable for the state vs national muni funds question.
by wetgear
Sun Feb 24, 2019 6:37 pm
Forum: Personal Investments
Topic: Invest vs. Pay Down
Replies: 12
Views: 1390

Re: Invest vs. Pay Down

I agree with Clever_Username pay down to get rid of the PMI first, as long as you stay ahead of the furniture loan deadline I wouldn't be in a hurry to pay it off any faster than that and no need to rush the car payments. What is the interest rate of the mortgage that they PMI is attached to?
by wetgear
Fri Feb 22, 2019 10:40 am
Forum: Personal Investments
Topic: Taxable Account / ETF Question
Replies: 7
Views: 865

Re: Taxable Account / ETF Question

Wetgear, I’m fairly new to BH’s and I hope this doesn’t come off as rude or sarcastic, but what’s the reasoning behind quoting the whole post in your response? YoungBogle, Also fairly new here and realized my lack of quoting in previous responses may have been confusing and swung too far the other ...
by wetgear
Fri Feb 22, 2019 1:09 am
Forum: Personal Investments
Topic: Taxable Account / ETF Question
Replies: 7
Views: 865

Re: Taxable Account / ETF Question

1. New poster here and grateful for all the great advice and learning to be had. 2. My question is centered on ETF purchase strategy and investment management in a taxable account. If you don't want to read the background below (which is fine by me), my question is simply this: what are your best p...
by wetgear
Thu Jan 24, 2019 9:13 pm
Forum: Personal Investments
Topic: Want the simplest and clearest online platform
Replies: 25
Views: 2189

Re: Want the simplest and clearest online platform

Who is your work 401k with and could you move all of your accounts to them? I don't think you'll find a Mint like experience to track outside accounts. I've never seen this with a brokerage company except Fidelity which can help track your outside crypto but nothing else from outside. Clarity of onl...
by wetgear
Wed Jan 16, 2019 12:19 pm
Forum: Personal Investments
Topic: Invest for larger expenses?
Replies: 12
Views: 730

Re: Invest for larger expenses?

I bonds are only available through treasury direct website and there is a 1 year required hold period and a 3 month interest penalty if redeemed before 5 years but nothing else is going to guarantee a real return and be tax differed. Despite the minor disadvantages it's still a great safe investment...
by wetgear
Tue Jan 15, 2019 9:37 pm
Forum: Personal Investments
Topic: Invest for larger expenses?
Replies: 12
Views: 730

Re: Invest for larger expenses?

I-Bonds are a great option for that timeline.
by wetgear
Fri Dec 28, 2018 4:56 pm
Forum: Personal Investments
Topic: TLH ITOT+IXUS -> URTH
Replies: 5
Views: 538

Re: TLH ITOT+IXUS -> URTH

NYC_Guy wrote:
Fri Dec 28, 2018 1:45 pm
I think this is fine. FYI, I tlh ITOT into IVV (S&P 500) and would tlh IXUS into IEFA. I’m not a fan of all-world index funds.

Thanks for the ideas! Other than the higher ER what don't you like about the all-world funds?
by wetgear
Fri Dec 28, 2018 1:39 pm
Forum: Personal Investments
Topic: TLH ITOT+IXUS -> URTH
Replies: 5
Views: 538

TLH ITOT+IXUS -> URTH

I know the IRS hasn't given clear guidelines but I was hoping to get the boglehead communities opinion on whether a replacement fund seems to meet the guidelines. My accounts are at Fidelity and I currently have about 50% ITOT and 50% IXUS. I want to sell them and purchase 100% URTH for the purpose ...
by wetgear
Thu Apr 06, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Contributing Post Tax Money to IRA After Filing Taxes
Replies: 3
Views: 575

Contributing Post Tax Money to IRA After Filing Taxes

If I'm contributing post tax money to a traditional IRA, which I just opened, (over income limits for ROTH and wan't to backdoor) and I have already filed my taxes for 2016 can I still contribute for 2016 without paperwork to amend my taxes? My guess is that I could do this without additional paperw...