Search found 550 matches

by CnC
Fri Dec 28, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Is this annuity a good deal?
Replies: 14
Views: 1977

Re: Is this annuity a good deal?

My choices are $447,282 or $2,479 per month ($29,748 per year) This annuity will start at age 55 and continue until death. It's monthly payment will raise a guaranteed 3% of the initial amount every January. But it doesn't have a surviving spouse payment. This is a future annuity thru my employer. ...
by CnC
Fri Nov 30, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Lost in Trees on Roth conversion and IRMMA
Replies: 16
Views: 1395

Re: Lost in Trees on Roth conversion and IRMMA

I'm a young one here so take my advice with a grain of salt. But you are making it more complex than you need to. Your number 2 solution is not the best but it is not the worst. It is the safe middle ground. The first has a substantial longevity risk. If you live long you will pay the most taxes. If...
by CnC
Fri Nov 30, 2018 11:39 am
Forum: Investing - Help with Personal Investments
Topic: backdoor roth and new limitation?
Replies: 15
Views: 1260

Re: backdoor roth and new limitation?

Could you explain what would prevent someone from doing a "mega backdoor Roth" we are doing our first one this year and I didn't think there was anything that could prevent it. Using next year's numbers, the most that can go into your 401k is $56k a year. If you put in $19k and your employer puts i...
by CnC
Fri Nov 30, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Is this annuity a good deal?
Replies: 14
Views: 1977

Re: Is this annuity a good deal?

"It's monthly payment will raise a guaranteed 3% of the initial amount every January." Am I reading this too closely? Focused on the word "initial". The 3% increase is not compounded...that is, the monthly amount gets bumped-up by $88 every January (3% of $2,942) Your numbers are off, but you are r...
by CnC
Fri Nov 30, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Is this annuity a good deal?
Replies: 14
Views: 1977

Re: Is this annuity a good deal?

That's an amazingly great deal for an annuity. That monthly amount is normal for an SPIA that is fixed for life. The 3% bump each year is basically *free*. That's awesome. I don't now how they can afford to give you that. (Well, they basically don't want to give you a lump sum for some reason, beca...
by CnC
Fri Nov 30, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: The first million?
Replies: 36
Views: 5576

Re: The first million?

Sure the last 10 years have been above average but the last 20 years have not. The sp500 has grown at CAGR (%) of 4.47% for the last 20 years. How is that a massive bull run that needs correcting? I mean dividends bumped that up into the 5-6% range but still below average. Just check the 10 years p...
by CnC
Fri Nov 30, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: backdoor roth and new limitation?
Replies: 15
Views: 1260

Re: backdoor roth and new limitation?

Could you explain what would prevent someone from doing a "mega backdoor Roth" we are doing our first one this year and I didn't think there was anything that could prevent it. Using next year's numbers, the most that can go into your 401k is $56k a year. If you put in $19k and your employer puts i...
by CnC
Fri Nov 30, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Investing all at once vs dollar cost averaging?
Replies: 39
Views: 2640

Re: Investing all at once vs dollar cost averaging?

We were both typing at the same time. I was editing with more examples and further explanation while you were posting. Any variation of "this time it will be different" is not a persuasive argument to me. :beer I can buy the whole concept of this time will be different is BS. I don't endorse dca be...
by CnC
Fri Nov 30, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: The first million?
Replies: 36
Views: 5576

Re: The first million?

Sure the last 10 years have been above average but the last 20 years have not. The sp500 has grown at CAGR (%) of 4.47% for the last 20 years. How is that a massive bull run that needs correcting? I mean dividends bumped that up into the 5-6% range but still below average. Just check the 10 years p...
by CnC
Fri Nov 30, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Investing all at once vs dollar cost averaging?
Replies: 39
Views: 2640

Re: Investing all at once vs dollar cost averaging?

All at once. DCA isn't grounded in any logic whatsoever and is also a losing strategy. You say this with such confidence it's astounding. Could you give some evidence for this revaluation? Please do, but remember past performance does not necessarily predict future results. So saying it works 2/3's...
by CnC
Fri Nov 30, 2018 8:59 am
Forum: Investing - Help with Personal Investments
Topic: backdoor roth and new limitation?
Replies: 15
Views: 1260

Re: backdoor roth and new limitation?

The response was that if I maximally contribute the 2019 limit of 19k and then my employer throws in a match and profit share to the fullest extent possible getting me all the way to the 2019 annual defined contribution limit of 56k that it prevents me from doing any back door roths that year. Your...
by CnC
Fri Nov 30, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: The first million?
Replies: 36
Views: 5576

Re: The first million?

Yes of course, if you save 70,000 per year for nine years, and start with 100,000 (very low six figure), you already have 730,000. Maybe low six figure to you is 300,000 so after nine years you have 930,000. That is before any investment returns at all, which would be minor over 9 years at 5%. I th...
by CnC
Fri Nov 30, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: backdoor roth and new limitation?
Replies: 15
Views: 1260

Re: backdoor roth and new limitation?

The response was that if I maximally contribute the 2019 limit of 19k and then my employer throws in a match and profit share to the fullest extent possible getting me all the way to the 2019 annual defined contribution limit of 56k that it prevents me from doing any back door roths that year. Your...
by CnC
Fri Nov 30, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Investing all at once vs dollar cost averaging?
Replies: 39
Views: 2640

Re: Investing all at once vs dollar cost averaging?

All at once. DCA isn't grounded in any logic whatsoever and is also a losing strategy. You say this with such confidence it's astounding. Could you give some evidence for this revaluation? Please do, but remember past performance does not necessarily predict future results. So saying it works 2/3's...
by CnC
Fri Nov 30, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Investing all at once vs dollar cost averaging?
Replies: 39
Views: 2640

Re: Investing all at once vs dollar cost averaging?

Opinions vary, but I would recommend: (1) Dollar-cost averaging Then go home, login to Vanguard, sell all your funds and buy them back using dollar cost averaging. This response completely ignores the whole concept that humans are not just a series of 1's and 0's. By your logic never invest in bond...
by CnC
Thu Nov 29, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Is this annuity a good deal?
Replies: 14
Views: 1977

Is this annuity a good deal?

My choices are $447,282 or $2,479 per month ($29,748 per year) This annuity will start at age 55 and continue until death. It's monthly payment will raise a guaranteed 3% of the initial amount every January. But it doesn't have a surviving spouse payment. This is a future annuity thru my employer. I...
by CnC
Thu Sep 20, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Universal Life article in WSJ 9/20/18
Replies: 14
Views: 1657

Re: Universal Life article in WSJ 9/20/18

So are these different than whole life? Whole life being pay ±3k a year for 10 years for a guaranteed 150-200k death benefit. I realize that 30k in 2017-2027 will be with much more than 30k in 2065-2075 but it doesn't seem terrible when you know you will be guaranteed 150-200k some time between 2017...
by CnC
Sat Sep 15, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Overfunding Tax-Advantaged Accounts?
Replies: 4
Views: 578

Re: Overfunding Tax-Advantaged Accounts?

I disagree, by doing Roth IRA contributions you are balancing out pre-tax and post tax. It is always good to have some in a brokerage account simply for tax flexibility later on. Do throwing a few 1000's in that a year isn't bad. But the numbers work out to needing a pretty massive amount in pre-tax...
by CnC
Tue Sep 11, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Working until the end of January for Roth contribution
Replies: 20
Views: 1785

Re: Working until the end of January for Roth contribution

Unfortunately no. Under state law I could buy an extra year with 50 days, which I easily have, the amount owed would require over 18 years to break even. That would not be a favorable payback. A year would cost 50 days but would really cost 18 years? Wait. What? :confused Likely he means he has the...
by CnC
Tue Aug 21, 2018 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Union at Fed job
Replies: 20
Views: 1998

Re: Union at Fed job

This seems awfully political for here I'm sure it will be locked. Here is an unbiased opinion. Look at what your benefits are for being in the union and look at what they are for not being in the union. That's it. Will your wages go from self negotiation to collective. Will that help or hurt you. Wi...
by CnC
Sun Aug 19, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: More than $55,000 in 401k contributions this year ?
Replies: 27
Views: 3290

Re: More than $55,000 in 401k contributions this year ?

Ie. can I contribute $75k altogether this year ? No, under no circumstances can you contribute 75k. Match + pre-tax + post tax ≤55,000 that's it it can be from 1 or 100 employers. Do you have a reference for this ? It is to contradictory to information I have found : https://www.irs.gov/retirement-...
by CnC
Sun Aug 19, 2018 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: More than $55,000 in 401k contributions this year ?
Replies: 27
Views: 3290

Re: More than $55,000 in 401k contributions this year ?

I switched jobs earlier this year. Both employers allowed after-tax contributions including in-service withdrawals - ie. Mega backdoor Roth. For the first part of 2018, I contributed about $20k to the previous employer plan, including about $9500 in pre-tax, $2000 match, and the rest after-tax. Am ...
by CnC
Sun Aug 05, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: How many years till FIRE? Which path would you choose?
Replies: 38
Views: 4928

Re: How many years till FIRE? Which path would you choose?

- 150K/yr x25 = 3.75MM. - your NW: 1.8MM - 1.1MM = 0.7MM. - adding 270K/yr, at 5%. probably <10 years. - likely making hay while the sun then leaving CA is the most optimal path. Do you seriously expect a 70/30 AA to yield a 5% real return (i.e., after inflation)? That sounds overly optimistic to m...
by CnC
Fri Aug 03, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 6235

Re: Financial upside / downside of marriage vs cohabiting

Are you familiar with Breach of Promise? It's when the offer of marriage is fraudulent and harms someone. If your SO didn't take a job offer because of the engagement, or started the child in expectation of marriage, or has not looked for someone who will marry ... then you might be a risk for repa...
by CnC
Wed Jul 25, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: 200k in savings....too much
Replies: 31
Views: 2991

Re: 200k in savings....too much

Hi all! New here but have been reading a lot. I have about 200k in a high yield savings account (1.75% currently). That is too much to keep there and I need to look to make it work more for me for retirement. Married: both 33yo right now. No kids Both earn about 80k/year Mtg with about $155k left o...
by CnC
Mon Jul 16, 2018 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Realizing 85% of 401k contribution going to bonds
Replies: 21
Views: 2835

Re: Realizing 85% of 401k contribution going to bonds

:!: If you have $1M in your 401(k) + IRA at age 70, your RMD will be less than $40,000 to start with. Income taxes on that much ordinary income are rather low, so it depends on how much additional income you have from SS, pensions, etc. I suspect that many people with good sized 401(k) accounts will...
by CnC
Sun Jul 15, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing 85% of 401k contribution going to bonds
Replies: 21
Views: 2835

Re: Realizing 85% of 401k contribution going to bonds

Sometime in the distant future when you are subject to RMDs, you will be very glad that your equities were in taxable, Roth and HSA rather than in the 401k. The 401k is the right place to keep your bond allocation, so just grin and bear it. My IRA is 100% bonds, ditto for #1 son. Dale Can you pleas...
by CnC
Tue Jul 10, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 4195

Re: Do you count pension contributions as a portion of your overall retirement contributions.

I've seen this question somewhere on the forum but can't dig it up. When contributing to a pension should you include that amount as part of your overall contribution amount? If so what part of the breakdown below? If you contribute 5% to a pension and your workplace contributes 5% and you contribu...
by CnC
Tue Jul 10, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Should I move all my investments to Vanguard?
Replies: 31
Views: 2696

Re: Should I move all my investments to Vanguard?

I have about 60% of my investments held at Vanguard 40% of my investments held at Fidelity. The Fidelity support leaves much to be desired and I am think of moving all my investments to Vanguard. What would you say are the pros and cons of this move? Thanks Dennis Are you sure you don't have the tw...
by CnC
Tue Jul 10, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 13956

Re: Expected returns for 80/20 stock bond for next 10 years.

Nope. 2% inflation is included in the 5% estimate. So, 3% real return, before tax. Don’t like it? Central Banks around the world will be trying to normalize policy after a decade of negative real interest rates and that means regression to the mean for asset prices - my opinion, of course. I’m givi...
by CnC
Wed Jun 20, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Amazon?
Replies: 17
Views: 1528

Re: Selling Amazon?

Selling GE (or at least most of it, if you want to keep a reminder of single-stock risk) at a loss in the same year as selling stocks with gains will be an offset - reducing your tax bite. Luckily (relatively speaking) get was in taxable so I will be able to sell to offest gains. But Amazon is bein...
by CnC
Wed Jun 20, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Amazon?
Replies: 17
Views: 1528

Selling Amazon?

Just wondering what some opinions here are on selling Amazon. I have ±90% of my stock money in index funds both forign and domestic. But when I first started out investing a year ago it was with Ed Jones and their "diverse portfolio" approach was to get me to pick stocks with and pay an obscene char...
by CnC
Wed Jun 20, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 14876

Re: Oh my! Cardone says we need $10m net worth

If getting really wealthy is your goal, perhaps listening to someone with a $150MM net worth is better idea than someone who thinks $10MM is a lot. Grant Cardone had a crippling drug addiction and $0 to his name at age 25. Here is a powerful interview, very well done by London Real. If you want to ...
by CnC
Tue Jun 19, 2018 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Can I break the tape in 5 years?????
Replies: 27
Views: 3608

Re: Can I break the tape in 5 years?????

3.1 mil + 30k a year plus 5% growth for 5 years is

Nearly 4.2 mil at 5% growth. That gives you roughly 168k at 4% withdrawal.


If your expenses of 120k a year include taxes and insurance you are set. Imo.
by CnC
Tue Jun 19, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 882

Re: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?

Max Roth's before maxing tax deferred.


General order of operations.

Get max employer match for pre-tax (not always there for 457's)
Max Roth's
Max pre-tax
At this point you are typically saving 24k a person.

Then look into hsa 529's taxable investing real estate it's up to you.
by CnC
Tue Jun 19, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Value of a Military Retirement
Replies: 30
Views: 4002

Re: Value of a Military Retirement

How much less in pension you would get if you got out of the military 10 years early? TravelforFun None to the best of my knowledge. His pension payout would amount to $0.00. The military rule of 20 years and 50% salary for life is a very hard line as far as I know. According to my AF buddy if you ...
by CnC
Tue Jun 19, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Am I on track to retire at 55?
Replies: 24
Views: 2904

Re: Am I on track to reitre at 55?

If you open a taxable invest in in Sp500/tsm Total international Us municipal bonds index or at your income level just regular bond index. Don't mess with any "tax managed capital appreciation" funds. You don't need them and they will not do anything special for you. You may want to consider holding...
by CnC
Tue Jun 19, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 13260

Re: Retire at 50: Should I?

Short Version: $3.1M invested at age 50. Can I quit and go fishing now? Please?



Short answer is yes. You have planned things very well and with no children there is no need for a legacy. You are very well set.
by CnC
Mon Jun 18, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Diversify within Roth account?
Replies: 14
Views: 1077

Re: Diversify within Roth account?

Correct me if I'm wrong but shouldn't you put international in your taxable account because the foreign tax fee is a write off in a taxable account.
by CnC
Mon Jun 18, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 169
Views: 15808

Re: How much (green) cash at home for emergency ?

Even using screen names, I don't think it is wise to discuss how much money you keep in your house. It seems to me to be about the same as saying , "I have XX hundred thousand, or million dollars in these three funds at Vanguard, or Fidelity, etc." Or "I keep XXX$ in an online savings account at AB...
by CnC
Fri Jun 15, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 14876

Re: Oh my! Cardone says we need $10m net worth

:oops: This guy is a clown. People "need" 1.8m to comfortably retire at any age in the United States. At 1.8m you can withdraw 3.3% a year to get 60k a year which is the median national yearly income. If you say you want more than that that's fine. You want more but you don't need it, if you live in...
by CnC
Fri Jun 15, 2018 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review for Millenial
Replies: 26
Views: 1975

Re: Portfolio Review for Millenial

I to am young 32 (I despise being called a millennial) My suggestion is make sure you max that Roth out I am planning on early retirement and I want to make sure I fund my Roth very well because that helps out greatly for early retirement. Roth contributions can always be withdrawn tax free. Althoug...
by CnC
Fri Jun 15, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 74
Views: 9187

Re: Taking $1M+ Long Term Capital Gains

$479,000 max income limit per year if married. Assuming you are reasonably below that.


Take 4-5 yearly bites of it. Dodge the 20% ltcg.
by CnC
Thu Jun 14, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Sell T & buy VZ to realize a $10,000 loss?
Replies: 14
Views: 1155

Re: Sell T & buy VZ to realize a $10,000 loss?

Sure tlh your t stock but at 6+% dividends and major cash flow improvement on the horizon I would stick with it.


Or get out and go with index funds.
by CnC
Thu Jun 14, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: A great father's day gift
Replies: 19
Views: 3696

Re: A great father's day gift

I mentioned his status as single because it can be relevant to net worth. IMHO, I think it can be more difficult for a married couple with children to accrue wealth. A spouse and children adds variables. BTW: He has a very nice girlfriend. Great gal. Really like her. Pretty good cribbage player. Th...
by CnC
Thu Jun 14, 2018 7:34 am
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8727

Re: 47 and clueless - direction needed

Wow they are screwing you over on the front end and the back end. I do not exaggerate here. That is beyond simple negligence that is simply exploiting of the I'll informed.


I would get out as soon as possible.
by CnC
Wed Jun 13, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 9560

Re: Getting killed on taxes - any ideas?

I empathize with the op. He is rich, but doesn't feel rich. He comes on here after reading about all the people here with 7 and 8 figure portfolios and thinks he can get some help. Instead they say, well you just make too much money stop complaining. I had a similar response when I asked about Roth ...
by CnC
Tue Jun 12, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Investing when someone else gets all dividends
Replies: 80
Views: 5514

Re: Investing when someone else gets all dividends

I finally got to take a deeper look into the trust document. It specifies that "all of the net income" be distributed to the fourth party. After they pass, the trustee shall distribute the "remaining trust property" to the first three parties pro rata. The trustee is also tasked to "determine in a ...
by CnC
Tue Jun 12, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Investing when someone else gets all dividends
Replies: 80
Views: 5514

Re: Investing when someone else gets all dividends

It sounds like a really terribly constructed trust if, when the trust dissolves it goes to the current trustees. Nonetheless, if you are currently both owner and trustee but NOT the beneficiary you have a binding fiduciary responsibility to the beneficiary (the 4th person). That means managing for ...
by CnC
Tue Jun 12, 2018 8:21 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 185
Views: 20230

Re: The Power of Working Longer

You still need to have a baseline amount of money to be able to make this decision. Here's how to get there: Importance of saving early The authors' model is defined by differences to the life-cycle model. For those who may need a refresher, the wiki has some background info: Life-cycle finance Sav...