Search found 204 matches

by sailaway
Sat Feb 17, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: Mega backdoor: in Plan Roth to Roth IRA
Replies: 6
Views: 418

Re: Mega backdoor: in Plan Roth to Roth IRA

Were you taxed on the earnings when you went from after tax to in plan Roth or were those earnings just rolled over into you traditional 401k?
by sailaway
Thu Feb 15, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 109
Views: 7648

Re: What big item (>20k) are you saving up for?

(Reason for my post is I have bit of taxable saved up and thinking about what I might spend it on if I chose to spend it.) We would never notice extra money in our accounts and just spend it because it was there. $20k is just two months less work at the other end. That being said, $20k would also c...
by sailaway
Wed Feb 14, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Changing from SS Spousal to Survivor
Replies: 26
Views: 1582

Re: Changing from SS Spousal to Survivor

Whether it is required or not, why wouldn't you call to confirm?
by sailaway
Fri Feb 09, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why would people buy condos/SFH in Texas?
Replies: 61
Views: 5688

Re: Why would people buy condos/SFH in Texas?

Above and beyond the math, Texas has lousy protections for tenants. One might buy just for that reason.
by sailaway
Fri Feb 09, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: Folding bicycles
Replies: 29
Views: 1853

Re: Folding bicycles

There are many folding bike companies at a variety of price points. http://www.citizenbike.com/catalog.asp?product_category_id=1&product_id=1 I do not think most are "10 to 20 mile" bikes. They are meant for easy touring, cruising around, sight seeing, etc. I love my Citizen for 10-20 miles loop. I...
by sailaway
Fri Feb 09, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 99
Views: 5861

Re: Live / work in California - Technology Career

I knew when we moved to California we had to expect a smaller home, I did not realize that they would be so crappily built. Even the upgraded apartments were done on the cheap (thinnest laminate on floors, cardboard cupboards hung askew...). You can get better finishes by sticking to upperclass neig...
by sailaway
Fri Feb 09, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: Folding bicycles
Replies: 29
Views: 1853

Re: Folding bicycles

DH loves his Montague mountain bike, which was full size wheels. I have a Citizen with 20" wheels. My complaint is that I only got 3 gears; I max out at a pretty low speed.
by sailaway
Thu Feb 08, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k), Backdoor Roth
Replies: 7
Views: 215

Re: 401(k), Backdoor Roth

coffeehubcap wrote:
Thu Feb 08, 2018 12:45 pm
Ah, that's right a conversion is not a contribution. That makes sense.
.

This is why it helps to give more info. MFS is pretty rare around here.
by sailaway
Thu Feb 08, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k), Backdoor Roth
Replies: 7
Views: 215

Re: 401(k), Backdoor Roth

coffeehubcap wrote:
Thu Feb 08, 2018 12:34 pm
The IRS says no to contributions to a Roth if MAGI is over 10K.
Maybe you mean $100k?

Moreover, a conversion is not a contribution, that is the whole point of the backdoor Roth.
by sailaway
Thu Feb 08, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: Average amount saved for retirement by age
Replies: 148
Views: 36574

Re: Average amount saved for retirement by age

I agree with @staythecourse. It’s how you spend money. I was shocked to hear one of my kid’s friends in college whose parents insisted on buying a class ring for graduation, cost about $700-$1000, the kid was in a poor category by the pre college program he enrolled in, that’s how my daughter told ...
by sailaway
Thu Feb 08, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 232
Views: 14782

Re: free dinner investing seminar

I figure 20 dinners at $20 each. Someone in that room is paying the $4k plus the commissions that make it more than a break even venture for the presenter. Wife and I went to one years ago. It was clear that the presentation was pushing garbage. The wife went to the lady's room and shortly thereaft...
by sailaway
Thu Feb 08, 2018 1:18 am
Forum: Personal Finance (Not Investing)
Topic: No Emergency Funds yet Major Car Emergency
Replies: 47
Views: 3001

Re: No Emergency Funds yet Major Car Emergency

So you don't really have money to get this one fixed, but you think you should replace it with a new/practically new car? How much is a 5yo CRV, for example? How will the payments fit in with your current budget that doesn't seem to stretch to build an emergency fund? Why do you have your taxable ti...
by sailaway
Wed Feb 07, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: donating a car to charity?
Replies: 13
Views: 573

Re: donating a car to charity?

In my area, I can Google "car donation [area name]."

Have you asked the small pets charity or a local shelter?
by sailaway
Wed Feb 07, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable vs 401k investments
Replies: 17
Views: 1088

Re: Taxable vs 401k investments

If you want to compare yourself to MMM, you might want to look into some of his posts about how to save for that lifestyle. We have similar goals and we max t401k, after tax 401k, IRAs... All of which can make their way into a Roth IRA, which is more flexible than other retirement accounts, while st...
by sailaway
Wed Feb 07, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: donating a car to charity?
Replies: 13
Views: 573

Re: Vehicle Donation to Any Charity, LLC (V-DAC)

They will take a cut, so you would be better off donating directly to the charity of your choice. If none of the charities in your area that you are willing to support take vehicle donations, then look into a service such as this. My concern is that this service does not seem to be a charity itself?...
by sailaway
Wed Feb 07, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Niagara falls US side
Replies: 27
Views: 1608

Re: Niagara falls US side

The only fun I ever had on the US side was the Christmas lights. The CA side is where the tourist stuff is. In large part, this is because the best falls are on the US side, which means the best views are on the other side. That being said, I do believe the Maid of the Mist leaves from the US side a...
by sailaway
Tue Feb 06, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Am I saving too much for retirement?
Replies: 105
Views: 12276

Re: Am I saving too much for retirment?

This question comes up quite a bit and I do not understand it. How can you save too much for retirement?

Perhaps what you mean to ask is if it is OK to lighten up and live it up now? If so, you have not given nearly enough information.
by sailaway
Tue Feb 06, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Is this 1099-R for my megabackdoor 401k incorrect?
Replies: 16
Views: 1079

Re: Is this 1099-R for my megabackdoor 401k incorrect?

IMO, In-plan Roth rollover is definitely NOT a backdoor because it was always allowed and not gray area (aka backdoor) under section 2112 of Small Business Jobs Act of 2010 whereas the mega backdoor involving after tax 401k to Roth IRA was gray area until IRS guidance in 2014. Yep...that's the sema...
by sailaway
Tue Feb 06, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Where to keep money to get to Social Security at age 70?
Replies: 14
Views: 1227

Re: Where to keep money to get to Social Security at age 70?

Why don't you draw down on the IRA, rather than the taxable account? Or, as the case may be, balance the two to stay in the lowest possible bracket both now and after beginning RMDs.
by sailaway
Tue Feb 06, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13311

Re: Financial Hole

If your budget is too complicated to post, there are definitely cuts to be made to it. Why does commuting make the phone necessary? $100/wk in groceries for a couple shouldn't be necessary outside of a food desert, which are usually urban, rather than rural. Fast food does add up. You should be able...
by sailaway
Fri Feb 02, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Substitute for taking a shower?
Replies: 64
Views: 6553

Re: Substitute for taking a shower?

I really like Oil of Olay facial wipes for this. The sensitive skin ones have no fragrance. Wet, wipe, rinse, wipe.

A better alternative for genuine stink: wipe body with wet cloth, rub baking soda all over, rinse the cloth and wipe off the baking soda.
by sailaway
Thu Feb 01, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: Tips on Buying a Class-B RV
Replies: 104
Views: 7503

Re: Tips on Buying a Class-B RV

Could a current owner comment on the boon docking? The class B's that I have explored so far have tiny tanks.
by sailaway
Wed Jan 31, 2018 8:55 pm
Forum: Personal Consumer Issues
Topic: Choosing which room to sleep in
Replies: 48
Views: 5034

Re: Choosing which room to sleep in

I did this is in my condo and we did it again in the next apartment.

I did not do it in my first two bedroom because the master opened onto the balcony. We do not do it currently because the master has more room for clothes.
by sailaway
Wed Jan 31, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Motif Investing, 2018 change in fees
Replies: 16
Views: 1065

Re: Motif Investing, 2018 change in fees

This messes with my buy and hold strategy. I am kind of pissed because I threw in a bit more last year when they introduced these fees for accounts under $10k.

It might be time to move on.
by sailaway
Wed Jan 31, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 5552

Re: New car - how much can we afford?

It may be too late now, but this is where a proper budget comes in handy. Put X into the car fund every month (at least mentally) and when it is time to buy a car, you know how much you have. Then again, maybe it isn't too late. As others have said, you probably don't need to upgrade for one infant ...
by sailaway
Wed Jan 31, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: In-Eligible HSA Tax Consequences
Replies: 1
Views: 159

Re: In-Eligible HSA Tax Consequences

As I understand it, the IRS doesn't really care when the contributions are made. However, they do care about you only getting a percentage of the maximum equal to the percentage of the year that you were actually eligible. If I am right, what this means for you is that you may be able to leave the c...
by sailaway
Tue Jan 30, 2018 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to get a broker to compensate for a mistake?
Replies: 7
Views: 640

Re: Best way to get a broker to compensate for a mistake?

Aren't forms that require a notary signature marked as such, and leave room for such?

The only time I ever got a notary on something that did not have a predefined space for it was when a friend and I wrote out a contract for her to borrow my car while I was abroad for a year.
by sailaway
Mon Jan 29, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Vesting Question
Replies: 3
Views: 222

Re: 401k Vesting Question

What do the plan documents say? A rolling vesting is a thing, but no one here can tell you if that is the case with your plan.
by sailaway
Sun Jan 28, 2018 11:08 pm
Forum: Personal Consumer Issues
Topic: San Diego for 3-4 Days for a Couple
Replies: 25
Views: 1525

Re: San Diego for 3-4 Days for a Couple

Best views: Cabrillo park, Torrey Pines gliderport (especially if you are there on a breezy Sunday afternoon; if you get the urge to hike, be aware that the nudist beach is below the gliderport) Best Hikes Torrey Pines State Park, the Zoo, Best watersports: Mission Bay, Glorietta Bay Best music: Hit...
by sailaway
Sun Jan 28, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Inflation and Constant rate (4% rule) vs. RMD-based portfolio withdrawals
Replies: 11
Views: 984

Re: Inflation and Constant rate (4% rule) vs. RMD-based portfolio withdrawals

The point of the 4%SWR is for the portfolio to last.

The point of RMDs is to draw down the portfolio.
by sailaway
Sun Jan 28, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: Exterminator Accidently Sprayed our Home
Replies: 55
Views: 5451

Re: Exterminator Accidently Sprayed our Home

Did you ever call the office? If this was a worker, rather than an owner, they will want to know about this incident, yet I didn't notice such a simple suggestion in this thread, which was dominated by "Get Big Brother" or "Ignore it."
by sailaway
Sun Jan 28, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Taxes
Replies: 17
Views: 1436

Re: Retirement Taxes

What many fundraisers would like to see is a five year commitment. ie, Rather than $50; at once, $10k/year for five years. You could use a DAF to fulfill this commitment by moving funds now for use over the long term.
by sailaway
Sun Jan 28, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Career "advice" for someone without college
Replies: 39
Views: 1918

Re: Career "advice" for someone without college

Most fast food chains have manager training programs. It sounds like he is currently a shift manager, rather than a store manager, unless this team you mention is actually doing the ordering and scheduling. There may also be regional managers or other ways of moving up. As soon as he has experience ...
by sailaway
Sat Jan 27, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help determining most responsible / profitable use of inheritance
Replies: 6
Views: 556

Re: Help determining most responsible / profitable use of inheritance

Grt2bOutdoors wrote:
Sat Jan 27, 2018 8:12 pm
sailaway wrote:
Sat Jan 27, 2018 7:44 pm
I would think that proud bogleheads since 2012 would have an IPS. What does that say?
Investment Policy Statement is a living document which can change as ones circumstances change. Hence, what applied in the past may not be so now.
It is still a starting point.
by sailaway
Sat Jan 27, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help determining most responsible / profitable use of inheritance
Replies: 6
Views: 556

Re: Help determining most responsible / profitable use of inheritance

I would think that proud bogleheads since 2012 would have an IPS. What does that say?
by sailaway
Sat Jan 27, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: I don't think my lady is very good at saving money, how do I handle?
Replies: 50
Views: 3881

Re: I don't think my lady is very good at saving money, how do I handle?

One thing that helps me is to have a concrete picture in mind. Not "saving for a house" but saving for a "two bedroom townhome in X neighborhood, which currently costs $zzz, so we will need a down payment of $A." For others, the point isn't so much savings but about decisions on how money is spent. ...
by sailaway
Sat Jan 27, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding the impact of buying a larger house
Replies: 8
Views: 932

Re: Understanding the impact of buying a larger house

1300 is not tiny. It may not be what the OP wants long term, but let's not be ridiculous by calling it tiny. Homeless people are more an indicator of a nice climate than a bad neighborhood. When moving, compare actual crime statistics - home invasion, robbery, muggings, drugs...Subdivisions with emp...
by sailaway
Fri Jan 26, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Turn 75,000 into 1 million
Replies: 42
Views: 6801

Re: Turn 75,000 into 1 million

The Wizard wrote:
Fri Jan 26, 2018 9:31 am
What really matters is Savings Rate, imo.
Trying to extrapolate what growth might occur in coming decades, along with how much underlying inflation, is a fool's errand...
Yes, goals are supposed to have actionable steps. I can't control interest rates, but I can control my spending.
by sailaway
Wed Jan 24, 2018 4:52 pm
Forum: Personal Consumer Issues
Topic: Bait-and-switch pricing. Where can I file complaint?
Replies: 17
Views: 2218

Re: Bait-and-switch pricing. Where can I file complaint?

You are selecting a tour, then choosing your own flights and hotel? Is there a standard flight and hotel offered? Does the tour say that it includes airfare and accomodations? Is the wording "from $xxxx."? Basically, you have not necessarily described a bait and switch scenario. There are a lot of d...
by sailaway
Wed Jan 24, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 237
Views: 20565

Re: In what ways could BogleHeads be badly wrong ?

If the entire world economy melts down, what difference will it make whether I saved or spent?

In many cases, the savers may be better prepared because they have been more creative all along, less prone to doing things just because everyone else did.
by sailaway
Tue Jan 23, 2018 12:44 am
Forum: Personal Consumer Issues
Topic: Elder Care Issue; Non-emergency assistance
Replies: 28
Views: 1531

Re: Elder Care Issue; Non-emergency assistance

Do they no longer run those "Help, I've fallen and I can't get up!" commercials? Life alert still exists.

However, as long as you have a partner around, you are probably better off calling 911. I believe in these cases, even if you called 311, they would redirect you to 911.
by sailaway
Mon Jan 22, 2018 9:12 pm
Forum: Personal Consumer Issues
Topic: Is a minivan the only commuter vehicle / backup with 3 children?
Replies: 40
Views: 2455

Re: Is a minivan the only commuter vehicle / backup with 3 children?

How much longer do you expect the 8yo to be in a seat? I know you can't predict growth spurt, but are they close to growing out of the seat? There was a long thread about getting three seats across. Ironically, I think the Corolla was a favorite for the car, but there were also some recommendations ...
by sailaway
Mon Jan 22, 2018 7:56 pm
Forum: Personal Consumer Issues
Topic: Microsoft [Frustration update to Windows 10]
Replies: 24
Views: 1760

Re: Microsoft )*(^*&*%

What if you were to temporarily move your files to the external storage, do the update, then move them back? Obviously, this is more practical if you have 3.0USB or other high speed connection.
by sailaway
Sun Jan 21, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Medical Appointment Cancellation Policies/Fees
Replies: 36
Views: 2095

Re: Medical Appointment Cancellation Policies/Fees

I had an appointment with my primary care doctor and found out at the last minute my wife had accidentally taken off with my car keys as well as her own. I called his office, explained the situation and rescheduled. There was no charge even though there is a sign displayed in his office about fees ...
by sailaway
Sun Jan 21, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 8305

Re: Fear of dying with too much money?

Last year I was walking around a very large graveyard to visit some relatives that I had never met. There were thousands of gravestones - people who had lived lives - and I was struck by the fact that EVERY single gravestone said something like this: "Beloved son" "Mother" "Loved" None said anythin...
by sailaway
Sun Jan 21, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Mega back door roth
Replies: 13
Views: 1449

Re: Mega back door roth

Thanks everyone for your replies. This is very helpful. Apologies for late reply as I was out travelling. Update on my end: I called ML (they manage my wife's 401K) and spoke to 3 different people over phone who all gave me conflicting reply. After further digging it turns out they do allow out of ...
by sailaway
Sat Jan 20, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: Traditional IRA No use for me?
Replies: 12
Views: 971

Re: Traditional IRA No use for me?

You are correct that your contributions will not be deductible.

On the other hand, the backdoor Roth is exactly why a traditional IRA is not useless. It is the entrance to the backdoor. You make a non deductible contribution to the traditional, then move it to the Roth.
by sailaway
Fri Jan 19, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can I leave my IRA to son instead of spouse?
Replies: 13
Views: 1323

Re: Can I leave my IRA to son instead of spouse?

Took a quick look at CT law and it appears non probate assets may be excluded from the right of election. Note, I am not a CT lawyer. Gill So that means the IRA cannot be given away? If the above is correct, then it CAN be given away by naming a beneficiary on the account. Payable on Death accounts...
by sailaway
Fri Jan 19, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing house we currently rent from in-laws
Replies: 10
Views: 958

Re: Purchasing house we currently rent from in-laws

Prior to your rental, was the house owner occupied or rented?
by sailaway
Wed Jan 17, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: [n X expenses + r] instead of [n X expenses]
Replies: 27
Views: 1164

Re: [n X expenses + r] instead of [n X expenses]

I thought the whole point of 50x was to be prepared for black swan events?