Search found 438 matches

by sailaway
Fri Dec 14, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Defining terms: Megacorp
Replies: 15
Views: 1053

Re: Defining terms: Megacorp

It is a generic term to indicate that the poster works at a company you have probably heard of, and/or the poster feels lost in bureaucracy. It's purpose is to be generic, therefore a narrow definition would be counterproductive.
by sailaway
Wed Dec 12, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22089

Re: What percentage of your net worth is your home equity?

OP, I do not count my house as part of my net worth. If someone is counting the house as part of their net worth, they had bought too much house. KlangFool Well, it is net worth, whether or not you count it as part of your retirement portfolio. If someone isn't counting their house as part of their...
by sailaway
Wed Dec 12, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 4094

Re: Donate to homeless?

I sometimes get a bunch of $5 gift cards for Starbucks or McDonald's and keep them in the car. My husband used to keep a couple of pairs of dry socks in ziploc bags in his car. In the summer, I have water bottles; in the winter chemical hand warmers. I usually have a couple of protein bars in my bac...
by sailaway
Tue Dec 11, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Can one use a distribution of After-tax from 401k to do an indirect rollover?
Replies: 10
Views: 477

Re: Can one use a distribution of After-tax from 401k to do an indirect rollover?

So, I misread the plan summary on my wife's 401k and thought that in-service rollovers of after-tax contributions were allowed, but apparently the plan only allows distributions of after-tax, not rollovers. Her contribution percentage is limited, so the after-tax amount isn't all that much, and we ...
by sailaway
Tue Dec 11, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Can one use a distribution of After-tax from 401k to do an indirect rollover?
Replies: 10
Views: 477

Re: Can one use a distribution of After-tax from 401k to do an indirect rollover?

So, I misread the plan summary on my wife's 401k and thought that in-service rollovers of after-tax contributions were allowed, but apparently the plan only allows distributions of after-tax, not rollovers. Her contribution percentage is limited, so the after-tax amount isn't all that much, and we ...
by sailaway
Fri Nov 30, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 4626

Re: How do Bogleheads justify taking vacation?

:wink: happy wife, happy life.. I prefer happy husband, happy married woman who doesn’t become single in her middle age or later when it becomes comparatively harder for a woman to find a partner. Or you know, happy wife. Happy spouse, happy house. We take vacation days to visit family and to cruise...
by sailaway
Wed Nov 28, 2018 8:24 pm
Forum: Investing - Theory, News & General
Topic: IRA vs Taxable account
Replies: 7
Views: 683

Re: IRA vs Taxable account

How about a Roth IRA?
by sailaway
Tue Nov 27, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to invest in ROTH IRA before maxing our 401K?
Replies: 59
Views: 4520

Re: Does it ever make sense to invest in ROTH IRA before maxing our 401K?

The order of priority is usually 401k to match, then Roth IRA, then max out 401k. This offers more flexibility in retirement. You can withdraw from the IRA to keep taxes down while still enjoying the spending, take lump sums for special opportunities from the IRA without affecting taxes, not withdra...
by sailaway
Tue Nov 27, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: 25k Bonus - Tax Consequences?
Replies: 20
Views: 2369

Re: 25k Bonus - Tax Consequences?

This reply is just a starting point; please don't depend on it as I just came up with it Googling around. Looks like the Feds will take 22%. Think, California will tax some of it at 8% and some of it at 9.3% Unless you are personally earning more than the approx 128,000 cap, it looks like you will ...
by sailaway
Mon Nov 26, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9816

Re: What financial information do you share with your family and relatives?

With my immediate family I share pretty much everything. The extended family I share some info. However, it depends on their financial position. Some of the extended family gets jealous very easy in regards to money. Our parents know enough to feel as confident as we do about our long term plans. O...
by sailaway
Sat Nov 24, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Vacation for single parent and 2 teens: Belize or where?
Replies: 29
Views: 2381

Re: Vacation for single parent and 2 teens: Belize or where?

You do know that there are still libraries and they still have those books, right? Nonetheless, one advantage of the internet is that you can look for lodging deals, such as Aribnb.

Has your child not been back to Guatemala in ten years? Seems like it might be time.
by sailaway
Sat Nov 24, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: How many vacations per year is optimal?
Replies: 53
Views: 4759

Re: How many vacations per year is optimal?

Are you sure your wife just doesn't want to go back to work or other stresses of day to day life?

Try a two to three week trip to have time to get acclimated and realize what you miss about home.
by sailaway
Fri Nov 23, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Networth to buy a dual turboprop aircraft?
Replies: 72
Views: 9258

Re: Networth to buy a dual turboprop aircraft?

A better question is "How does purchasing and maintaining a turboprop fit in with my other financial goals?"
by sailaway
Thu Nov 22, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard Individual 401K now offering Admiral funds
Replies: 60
Views: 4839

Re: Vanguard Individual 401K now offering Admiral funds

The customer can't do much of anything in Vanguard solo 401k. Even the button labelled "update address" doesn't actually update the address that must be mailed in.

I guess I have calls to make next week.
by sailaway
Wed Nov 21, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Can I pay income tax on income that doesn't actually exist? [US ex-pat in Japan]
Replies: 7
Views: 847

Re: Can I pay income tax on income that doesn't actually exist? [US ex-pat in Japan]

I am moving to Japan to work as a software engineer at a large technology company. I have a brokerage account with Schwab, a Roth IRA with Vanguard, and a pretax Rollover IRA with Schwab. I am wondering if, while working in Japan, I can declare to the IRS that I earned ~$5500 in cash and then volun...
by sailaway
Wed Nov 21, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Sell RSUs at 18 month low or wait
Replies: 37
Views: 2551

Re: Sell RSUs at 18 month low or wait

My husband briefly debated this last night. Even without a window, I reminded him "stick to the plan." Put in the order this morning. I consider his RSUs a fictional bucket until they actually vest. The cash value on grant date is mind bogling, the amount we get at vesting is a welcome addition to o...
by sailaway
Wed Nov 21, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 556
Views: 60925

Re: U.S. stocks continue to soar!

tmcc wrote:
Wed Nov 21, 2018 10:36 am
yet recommendations here blindly follow lump sum investing . anyone who lumped in aug - oct has taken a big hit
How many people are lumping windfalls, versus lumping money as it comes in over and over?
by sailaway
Wed Nov 21, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: How did I miss this? Roth 401K
Replies: 29
Views: 4656

Re: How did I miss this? Roth 401K

With a similar income, we choose to split the difference. We get the max tax deduction now, and make additional after tax contributions that are rolled over into a Roth IRA. For example, if you can contribute $18.5k in Roth this year you could likewise contribute $18.5k in traditional + ~$3.5k in af...
by sailaway
Tue Nov 20, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Can someone explain what's going on [with the stock market]?
Replies: 96
Views: 13270

Re: Can someone explain what's going on..........

The market is still up for the year. That’s right - both the S&P 500 and Total Stock Indexes are still in positive territory for the year. It’s just off it’s all time high so it feels like something is wrong. Try to take a much broader perspective on all of this. Short term market fluctuations alwa...
by sailaway
Tue Nov 20, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Can someone explain what's going on [with the stock market]?
Replies: 96
Views: 13270

Re: Can someone explain what's going on [with the stock market]?

palaheel wrote:
Tue Nov 20, 2018 6:08 pm
At least I haven't heard that ancient curse: "This is the new normal."
Well, considering it is the old normal, I guess it could also be the new normal.
by sailaway
Tue Nov 20, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: How long does an ACH transfer to checking usually take?
Replies: 21
Views: 696

Re: How long does an ACH transfer to checking usually take?

You sold this afternoon. Prior to the market closing? Or after? Vanguard sells today, settles tomorrow and ACH starts. On Thursday, everything is closed. ACH can take up to 3 days (banks are closed on the weekend too). So it leaves Vanguard and may not be at your bank until Monday. Might be Friday....
by sailaway
Tue Nov 20, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: How long does an ACH transfer to checking usually take?
Replies: 21
Views: 696

Re: How long does an ACH transfer to checking usually take?

Eureka wrote:
Tue Nov 20, 2018 5:42 pm
jebmke wrote:
Tue Nov 20, 2018 5:37 pm
I normally do a bank transfer in the morning. Funds hit my USAA bank account the next day.

So the difference between doing it in the morning and afternoon is five days?! That's nuts.
In this case, only two of those days are business days.
by sailaway
Tue Nov 20, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: How long does an ACH transfer to checking usually take?
Replies: 21
Views: 696

Re: How long does an ACH transfer to checking usually take?

It depends on a lot of factors, but mostly what the institution wants to do for a specific kind of account. I can do a same day transfer for a large fee, a next day transfer for considerably less and a five day transfer for a negligible fee.
by sailaway
Tue Nov 20, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Back Door Roth and Mega Back Door Roth
Replies: 30
Views: 4281

Re: Back Door Roth and Mega Back Door Roth

I believe that the vocabulary is generally such that a rollover is what you can roll into the 401k and a distribution is what you can roll out of the 401k. There are really only two basic types of actions on retirement accounts, contributions and distributions. A rollover is the combination of a di...
by sailaway
Tue Nov 20, 2018 3:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790095

Re: U.S. stocks in freefall

I have a confession to make: During a brief upward blip yesterday, I bailed. I just couldn't handle it anymore. Sold all the VBR and VSS in my 401k and sunk it all into Wellesley Income Fund. Ever since I started this investing stuff back in April, I had the feeling I'd wind up mostly in Wellesley....
by sailaway
Tue Nov 20, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Back Door Roth and Mega Back Door Roth
Replies: 30
Views: 4281

Re: Back Door Roth and Mega Back Door Roth

The first time I did a Mega Back Door rollover, I had a substantial amount of earnings because I had after-tax money in my 401k for a long time before I discovered this process. It made sense for me to roll this chunk separately into a Rollover (Traditional) IRA so I could avoid paying taxes on it....
by sailaway
Tue Nov 20, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790095

Re: U.S. stocks in freefall

VTI is still showing a 2.29% gain for the year. What's all this talk about a bear market? Yes, we're in a correction, but that's hardly news and certainly nothing to get worked up over. We've encountered several corrections just since 2009, but most seem to have forgotten all about those. Evidently...
by sailaway
Mon Nov 19, 2018 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29657

Re: [Financial] Habits of the Rich

GCD wrote:
Mon Nov 19, 2018 9:29 pm
OK, fair enough. We have different definitions of friend.
Friends don't ask friends to incur debt on their behalf.
by sailaway
Sun Nov 18, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: parents buying home for sibling
Replies: 44
Views: 5758

Re: parents buying home for sibling

Since when are children entitled to their inheritance? Arguably, charities that the parents might otherwise support are also getting "screwed". Equity between children is a reasonable expectation. How one achieves equity is complicated, hence my recommendation of a nearly 500 page book rather than ...
by sailaway
Fri Nov 16, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Employment for a disabled son
Replies: 29
Views: 2374

Re: Employment for a disabled son

With disability benefits and your asset level, I would worry less about finding him a paying job and more about finding something he enjoys doing that can provide meaning to his life. If he likes planting seedlings, great. This. Does your son like planting seedlings? How would he help sell them if ...
by sailaway
Fri Nov 16, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: 38 & 43 with pension and $1M in assets considering increasing spending
Replies: 18
Views: 2174

Re: 38 & 43 with pension and $1M in assets considering increasing spending

Personally? I would plan on retiring after the temporary contract is up. Financially, it depends on what spending more looks like to you. The more you increase your day to day lifestyle, the more you will need for retirement. If, on the other hand, you increase spending in splurges like vacations, t...
by sailaway
Thu Nov 15, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 133
Views: 12522

Re: How Long / Hard To Become a Millionaire on Under $100k Income

It depends on how much of your money you save.

How hard it is to save depends in your own wants and priorities.
by sailaway
Thu Nov 15, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: In Grad school but work at a hotel which likely will be my career. Retirement?
Replies: 37
Views: 4526

Re: In Grad school but work at a hotel which likely will be my career. Retirement?

Is there a Roth 401k option? That would let you have your cake and eat most of it, too.

Is there matching at your level? Most companies require at least 20 hours a week for matching, many require even more.
by sailaway
Thu Nov 15, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: What to do with RMD - 91 Year Old Mom
Replies: 18
Views: 1578

Re: What to do with RMD - 91 Year Old Mom

Does she have any ideas of what to do with it?

Does she have a favorite charity?

Do the great grand kids have education accounts?
by sailaway
Thu Nov 15, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Is HSA for us?
Replies: 9
Views: 987

Re: Is HSA for us?

Grabiner, did you mean Modified adjusted gross income? When I enter the amount of HSA dollars I expect to contribute for 2019, it is automatically deducted from the 2019 yearly income estimates. I am guessing this will be the number used for ACA premiums. Also, I am expecting a full refund for 2018...
by sailaway
Tue Nov 13, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a bad experience with HDHP?
Replies: 43
Views: 4014

Re: Anyone have a bad experience with HDHP?

What is the out of pocket for your HDHP plan? For us, the PPO and the HDHP have the same out of pocket. With the company seed money and other HSA incentives currently equal to the deductible, it works out favorably for most families. The devil is in the details. Premiums are $110/month and out of p...
by sailaway
Tue Nov 13, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a bad experience with HDHP?
Replies: 43
Views: 4014

Re: Anyone have a bad experience with HDHP?

What is the out of pocket for your HDHP plan?

For us, the PPO and the HDHP have the same out of pocket. With the company seed money and other HSA incentives currently equal to the deductible, it works out favorably for most families.

The devil is in the details.
by sailaway
Tue Nov 13, 2018 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 49
Views: 5177

Re: Is maxing out Tax defered 401(k) enough?

How do you see yourself travelling? Cruises and resorts all over the world? Hiking and campgrounds? Slow travel? Each of these requires a very different budget.

What do you consider early? 62? 55? 50?
by sailaway
Tue Nov 13, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29657

Re: [Financial] Habits of the Rich

I don't think we're rich by most metrics. But we are more than comfortable and broke into the two comma club six years ago at 39. No silly rules like...learn one new skill each year, get up one hour early and read, find a mentor, network with such and such, etc or other "habits of the successful". ...
by sailaway
Mon Nov 12, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Wanting to move my family but where to begin?
Replies: 21
Views: 2466

Re: Wanting to move my family but where to begin?

If you aren't sure about the job market, why don't you start by looking there and beginning to apply to all of your acceptable areas? Interviews are a good time to ask questions of people who live there.
by sailaway
Sat Nov 10, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: New job - not sure how much to 401k and how much to Roth IRA
Replies: 17
Views: 1423

Re: New job - not sure how much to 401k and how much to Roth IRA

I think retiring at 50 with only $600K is optimistic. How many years are you planning to live? Are you factoring for inflation? Healthcare? Disability? I'm planning on retiring at 59 with about $3M and I'm still afraid things could be tight (but I am in a high cost of living area). If I live to age...
by sailaway
Thu Nov 08, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Mechanics
Replies: 43
Views: 4774

Re: Mega Backdoor Roth Mechanics

No dice on the additional 3% match. Rats! Last year megacorp mentioned after tax contributions in their open enrollment benefits pamphlet. Just reading the summaries, it wasn't hard to imagine we would get a match, but alas, no. Evidently, after tax was too popular anyway: this year's benefit pamph...
by sailaway
Wed Nov 07, 2018 10:35 pm
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7550

Re: Do people calculate savings rate on gross income?

:) I have no idea why some believe that savings rate is meaningless. Nothing could be further from the truth. Your savings rate is closely linked to how long it will take you to reach financial independence (FI), a major goal for most Bogleheads. Assuming 5% real returns and a 4% withdrawal rate, i...
by sailaway
Wed Nov 07, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 12043

Re: If expenses are low, are some of us over saving?

You forgot a step: die simultaneously so that no one has to live off the suddenly reduced income.
by sailaway
Tue Nov 06, 2018 7:58 am
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7550

Re: Do people calculate savings rate on gross income?

1) It is not 50% of gross income. The taxes include social security, Medicare, state, federal. So, it is about 20% or more. It is probably around 30% to 40% of gross income. 2) My expense does not include taxes. 3) If I include college expenses, I save nothing. KlangFool Well, that's certainly a co...
by sailaway
Mon Nov 05, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Rules for Roth 401k After Leaving Company
Replies: 15
Views: 1250

Re: Rules for Roth 401k After Leaving Company

I believe that early withdraws are prorated for the Roth 401k, so you may not be able to withdraw only the contributions, like you do with a Roth IRA. But you can roll it to a Roth IRA, and then there is no proration issue; the already-taxed portion in the Roth IRA can be withdrawn tax-free and pen...
by sailaway
Mon Nov 05, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Rules for Roth 401k After Leaving Company
Replies: 15
Views: 1250

Re: Rules for Roth 401k After Leaving Company

Roth 401k or traditional 401k? Title of post says Roth. Cheers saw that, i just assumed the rules of Roth IRA and Roth 401k were the same. Meaning any contribution that have been taxed can come out no problem. I believe that early withdraws are prorated for the Roth 401k, so you may not be able to ...
by sailaway
Mon Nov 05, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 122
Views: 18288

Re: Are we in trouble?

There aren't any cities in Texas that are bigger than Chicago. Houston comes close on city population and DFW comes close on metropolitan area, so while there may be more job opportunities in your field, the way you stated it seems like you are clutching at straws to justify this move at all. Perhap...
by sailaway
Mon Nov 05, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7550

Re: Do people calculate savings rate on gross income?

I can tell you my savings rate in terms of AGI or expenses. Yes, I realize that AGI is odd, but it is a number that I have on hand once a year and I don't understand the obsession with savings rate. As long as you do it the same way year after year, the method just doesn't matter.
by sailaway
Mon Nov 05, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7269

Re: 401k/IRA contribution limits rise for 2019...

TIAX wrote:
Sun Nov 04, 2018 2:36 pm
Wow we need the 1982 max back.
Especially if we can have the 1981 match! I knew these we're introduced for executives, but those amounts must have higher than the average salary back then!

But have you looked at the tax brackets from 1980?