Search found 812 matches

by welderwannabe
Sun Nov 18, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Do 401k/403b/457b balances count toward backdoor ROTH pro rata rule?
Replies: 1
Views: 146

Re: Do 401k/403b/457b balances count toward backdoor ROTH pro rata rule?

401k's, 457 and 403b are not part of the calculation for a roth conversion. It is only IRAs that matter, as the government considers all of your IRA accounts that you have as 1 big IRA. You can download IRS Form 8606 at https://www.irs.gov/pub/irs-prior/f8606--2017.pdf . The form asks you to "Enter ...
by welderwannabe
Sun Nov 18, 2018 7:45 am
Forum: Investing - Theory, News & General
Topic: Ally just raised Online Savings accounts to 2% APY
Replies: 57
Views: 4493

Re: Ally just raised Online Savings accounts to 2% APY

Ally's savings account is competitive. While not always the highest, their customer service and features more than make up for it for me. I will take a few basis point hit. My largest complaint continues to be how far behind their money market accounts are. Still only paying .9% on balances < $25k. ...
by welderwannabe
Sat Nov 17, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: 37 year old requests assistance with questions at end.
Replies: 8
Views: 1314

Re: 37 year old requests assistance with questions at end.

Just moved from 10% small cap to 20%. Think I would like to get a little heavier. Perhaps a little too heavy. Only 1 bond fund available. THoughts?? State Street U.S. Bond Index Fund - Class A .012 ER Nice cheap bond index fund based on the Bloomberg Barclays U.S. Aggregate Bond Index. If you want ...
by welderwannabe
Fri Nov 16, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: total US bond fund for Fidelity account holders
Replies: 6
Views: 623

Re: total US bond fund for Fidelity account holders

AGG and FXNAX track the same index.

However FXNAX has half the expense ratio. Stay with FXNAX. Its fine.
by welderwannabe
Wed Nov 14, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: Is there CD funds in VG to be used for IRA's?
Replies: 22
Views: 2024

Re: Is there CD funds in VG to be used for IRA's?

Buying a treasury at Vanguard in your IRA is easy. Just make sure you have money in your settlement fund. Then you put your buy order in whenever the auction announcement date is. Its a 2 minute process. Hardest part is making sure you remember to put the order in between the announcement date and t...
by welderwannabe
Wed Nov 14, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Brand New to Boggleheads, Thoughts on my stocks?
Replies: 12
Views: 699

Re: Brand New to Boggleheads, Thoughts on my stocks?

Hey all, I'm a 21 year old college student. I work as a part-time student assistant so my income is hardly anything. I was speaking with an older coworker about stocks as I just got into the market and I'm trying to learn. So far, I've invested around $800. Warren Buffett advises to invest in what ...
by welderwannabe
Tue Nov 13, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7470

Re: Move savings to Prime Money Market Fund (VMMXX)

I just got off the phone with a Vanguard rep who told me in order to pay bills directly from my Federal MM sweep account, I would have to switch to a Vanguard Advantage account. Has this been others’ experience? Thanks for any insight. Yup, you can write checks off a money market fund, but if you w...
by welderwannabe
Sun Nov 11, 2018 6:52 am
Forum: Investing - Theory, News & General
Topic: 8-week t-bill debuts tomorrow 10/16
Replies: 6
Views: 1677

Re: 8-week t-bill debuts tomorrow 10/16

Lyrrad wrote:
Sat Nov 10, 2018 10:12 pm
Note that next month, the 4 and 8 week bills will be moving to Tuesday announcement, Thursday auction, and Tuesday settlement dates. It looks like the 13, 26, and 52 week bill schedule will remain the same.
Hadn't seen that. Thanks.

That schedule is better than Monday into Tuesday I suppose.
by welderwannabe
Sat Nov 10, 2018 9:42 pm
Forum: Investing - Theory, News & General
Topic: 8-week t-bill debuts tomorrow 10/16
Replies: 6
Views: 1677

Re: 8-week t-bill debuts tomorrow 10/16

Yup, I think it plugs a hole. I like it. I am sure MM funds will like it too. I hate 28 day bills mainly because the announcement is on Monday and the auction Tuesday giving you about 24 hours to place the order. Looks like the 2 month bill's announcement date is the same as 3 month bills (The frida...
by welderwannabe
Sat Nov 10, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k for Sole proprietorship question
Replies: 5
Views: 397

Re: Solo 401k for Sole proprietorship question

Also, the 18,500 employee limit is across all plans. So if this is a side hustle for your wife and she has a workplace 401k available to her, make sure you watch the 18,500 limit for the employee side of the contributions.
by welderwannabe
Fri Nov 09, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Which Loan to Pay off?
Replies: 6
Views: 393

Re: Which Loan to Pay off?

Gvt insured student loans aren't bankruptable. I would probably kill that one off first.
by welderwannabe
Wed Nov 07, 2018 6:18 pm
Forum: Investing - Theory, News & General
Topic: Actively Managed Bond Funds
Replies: 24
Views: 1620

Re: Actively Managed Bond Funds

Im for cheap funds. I am less of a purist on active vs indexed as long as they are fairly prices.

As one of the above poster mentioned, a lot of the Vanguard bond funds loved on here (like VWITX) are actively managed.
by welderwannabe
Tue Nov 06, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Rolled 401k into Fidelity...Now what?
Replies: 8
Views: 410

Re: Rolled 401k into Fidelity...Now what?

Fidelity has some good treasury index funds too.

Fidelity® Intermediate Treasury Bond Index Fund FUAMX has a low expense ratio of .03%.
by welderwannabe
Tue Nov 06, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: Stable value vs. bonds: the yield/volatility tradeoff
Replies: 26
Views: 1243

Re: Stable value vs. bonds: the yield/volatility tradeoff

Not all. Megacorp uses synthetic GICs. That means that the plan buys various bonds, then contracts with financial institutions (a pool of six) that provide insurance wrappers to guarantee the principal and rate. My stable value at my Megacorp is with Lincoln. From what I could gather, our risk is f...
by welderwannabe
Tue Nov 06, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Question on Vanguard Intermediate Tax Exempt and Wash Sale
Replies: 3
Views: 252

Re: Question on Vanguard Intermediate Tax Exempt and Wash Sale

If it was me I would just transfer it in-kind. However, I suppose you could sell VWITX and buy MUB or something similar to wait out the 30 days. That said, VWITX isn't super volatile so you could probably just sell it and sit on the cash, maybe Vanguard Municipal MM VMSXX for the 30 days and then pu...
by welderwannabe
Sun Nov 04, 2018 8:12 am
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7637

Re: I Bond fixed rate = 0.5%

HueyLD wrote:
Sun Nov 04, 2018 7:13 am
I am done with paper bonds because it is virtually impossible to cash paper bonds in my area. YMMV.
I suppose you could get the paper bond and then send it in to TD to convert to electronic. Not sure it would be worth the hassle or not.
by welderwannabe
Sat Nov 03, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: How low can BND go?
Replies: 65
Views: 7716

Re: How low can BND go?

The fed is manipulating the overnight lending rate, which impacts short term rates. A .25% fed funds increase will not necessarily mean a .25% increase to the 10-year Treasury (my personal proxy for intermediate term rates! :) ). In fact, as the fed as raised rates the yield curve has been getting f...
by welderwannabe
Sat Nov 03, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Where should I be financially at 39?
Replies: 42
Views: 5898

Re: Where should I be financially at 39?

jen25w wrote:
Wed Oct 31, 2018 8:25 pm
I see the "2.5 million" number and feel so defeated and hopeless like it'll never happen.
It may not feel like it, but you have plenty of time to put away a nice nest egg to retire. You just don't want to wait any longer. Put at least 15% of your income away...20% would be better. Grind it out.
by welderwannabe
Sat Nov 03, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help a new guy!
Replies: 21
Views: 1681

Re: Help a new guy!

OK. Brand new, so hear me out. I just opened a Vanguard Roth IRA. I bought an initial investor share of VFINX to get started, and I plan to max out my yearly contribution by making monthly transfers of $458.33. I also like the dollar cost averaging aspect of doing it this way. My question is, where...
by welderwannabe
Sat Nov 03, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Need Bonds: 8 years to FIRE: TSP G vs TSP F?
Replies: 3
Views: 362

Re: Need Bonds: 8 years to FIRE: TSP G vs TSP F?

I don't have access to the TSP, but if I did I would treat the G fund somewhat like a stable value fund. I would split mu fixed income portion 50/50 between G and F.
by welderwannabe
Fri Nov 02, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7637

Re: I Bond fixed rate = 0.5%

llama wrote:
Thu Nov 01, 2018 9:13 am
The I Bond fixed rate is now at 0.5% (with the composite rate currently at 2.83%).
Glad I only bought half my allocation earlier in the year
by welderwannabe
Fri Nov 02, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: California municipal money market vs vanguard prime money market
Replies: 19
Views: 2429

Re: California municipal money market vs vanguard prime money market

Point taken, but it’s actually 13 basis points (see the Tax Effective Yield column). 7 is after tax, but when was the last time you made decisions based post-tax yield? You can look at it either way, but regardless I don't think its worth it for 7 or 13 basis points. Obviously enough people do for ...
by welderwannabe
Fri Nov 02, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Extreme credit card debt
Replies: 37
Views: 4175

Re: Extreme credit card debt

harrychan wrote:
Thu Nov 01, 2018 10:04 pm
Read "Total Money Makeover" by Dave Ramsey. Despite the heat he gets on this forum, he has an excellent process for exactly your situation. As for adopting, go the foster route and not through an adoption agency.
+1

Its a lot of debt but not impossible.
by welderwannabe
Fri Nov 02, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: California municipal money market vs vanguard prime money market
Replies: 19
Views: 2429

Re: California municipal money market vs vanguard prime money market

Back-of-excel calculations for someone making ~450k/year, as of Nov 1, 2018: https://i.imgur.com/bPQm0ZK.png (Apologies for the poor quality, I cropped a screenshot and then shrunk to fit posting guidelines.) Thanks for doing all that work! I don't live in CA< but if I did I am not sure I would tak...
by welderwannabe
Fri Nov 02, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: California municipal money market vs vanguard prime money market
Replies: 19
Views: 2429

Re: California municipal money market vs vanguard prime money market

Back-of-excel calculations for someone making ~450k/year, as of Nov 1, 2018: https://i.imgur.com/bPQm0ZK.png (Apologies for the poor quality, I cropped a screenshot and then shrunk to fit posting guidelines.) Thanks for doing all that work! I don't live in CA< but if I did I am not sure I would tak...
by welderwannabe
Fri Nov 02, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 10946

Re: Panic set in... now what?

If you retired and may need the money at some point (in other words, not just investing for your heirs), I suggest between a 40/60 and 60/40 allocation.

80/20 is way too aggressive IMHO and likely contributed to your panic.
by welderwannabe
Tue Oct 30, 2018 7:28 am
Forum: Investing - Help with Personal Investments
Topic: 8-month windfall check-in
Replies: 22
Views: 4537

Re: 8-month windfall check-in

ticktocker wrote:
Mon Aug 27, 2018 10:39 am
Cryptocurrency: I own about $50,000 of cryptocurrency. I sold my principle a long time ago and took some profit off the table.
Hoping you sold your principal and not your principle. :twisted:
by welderwannabe
Sun Oct 28, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: setting up a cd ladder
Replies: 10
Views: 1499

Re: setting up a cd ladder

hi, i want to set up a cd ladder. schwab has a 1 month cd at 1.96, 3 month at 2.11, 6 month at 2.3, 9 month at 2.45 and 12 month at 2.70. is there any spread i should look for, between the intervals that makes this a better way to figure which dates-/interest rates to choose? i was going to break t...
by welderwannabe
Sun Oct 28, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: 5-10 year horizon for $100K
Replies: 11
Views: 1110

Re: 5-10 year horizon for $100K

Vanguard doesn't charge commission for any Treasury order either as I understand it (see https://personal.vanguard.com/us/content/Funds/FixIncTreasuriesContent.jsp ) Their website conflicts with itself on this point, and I don't know which part is true as I have never bought a secondary issue at Va...
by welderwannabe
Sun Oct 28, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: 5-10 year horizon for $100K
Replies: 11
Views: 1110

Re: 5-10 year horizon for $100K

That is for bills. They also have notes with maturities from 2 years to 10 years. They offer 1 year (52 week) bill, 2,3 and 5 year notes. Only issues would be the 4 year window...but you could do a 1 year bill for that and then buy a 3 year when it matures. You may find Vanguard or Fidelity a better...
by welderwannabe
Fri Oct 26, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Will this create a wash sale?
Replies: 11
Views: 777

Re: Will this create a wash sale?

No. If you close the position, no wash sale. (Where are the replacement shares for the basis adjustment?) Ok, can you provide a scenario where purchasing an identical security 30 days before the sale would be a wash sale then? Edit: I think I figured it out. Had he done a partial exchange then it w...
by welderwannabe
Fri Oct 26, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Will this create a wash sale?
Replies: 11
Views: 777

Re: Will this create a wash sale?

Bought VTSAX on 10/17/18. Exchanged into VLCAX on 10/23/18. I would like to TLH again today AND buy more. Not an expert on wash sales, but the above may have been a wash sale depending the details. The period is 30 days after and BEFORE the sell order. You purchased VTSAX on 10/17 and bought VLCAX ...
by welderwannabe
Fri Oct 26, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Will this create a wash sale?
Replies: 11
Views: 777

Re: Will this create a wash sale?

Bought VTSAX on 10/17/18. Exchanged into VLCAX on 10/23/18. I would like to TLH again today AND buy more. Not an expert on wash sales, but the above may have been a wash sale depending the details. The period is 30 days after and BEFORE the sell order. You purchased VTSAX on 10/17 and bought VLCAX ...
by welderwannabe
Wed Oct 24, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: PNC Stable value fund class z
Replies: 10
Views: 698

Re: PNC Stable value fund class z

Thanks Weld, I'm 55% in two bonds funds which seem to keep going down. Do think I should move some into stable? Well, I can tell you I keep half of my fixed income in a stable value, so in your shoes I would do that. The main drawback is when interest rates decline a bond fund me appreciate where a...
by welderwannabe
Wed Oct 24, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: PNC Stable value fund class z
Replies: 10
Views: 698

Re: PNC Stable value fund class z

Stable values are somewhat proprietary and specific to the 401k company you are with. They are opaque investments and not tracked by morningstar or others. You can read up on them if you like, but they are often offered by insurance companies and you have some concentrated risk with them. In many ca...
by welderwannabe
Sat Oct 13, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: Short Term Bond yield over 3%
Replies: 74
Views: 10579

Re: Short Term Bond yield over 3%

I personally wouldn't use a fund to pay next year's bills if I wanted certainty in the nominal return over the period until the bills are due. I would use individual Treasuries that matured when the bills were due. +1 This is exactly what I did earlier this year. I know I was going to have a large ...
by welderwannabe
Sat Oct 13, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Idiotic questions from NEWB- please help
Replies: 14
Views: 1436

Re: Idiotic questions from NEWB- please help

1. How many of you do the individual stock and index fund thing? I hold a couple, but not many. I only hold ones that do something for me, and just the bare minimum to get the perk. For example Royal Caribbean and Carnival stock both entitles you to extra shipboard credit when onboard. I usually ge...
by welderwannabe
Sat Oct 13, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Federal Money Market compared to Prime Money Market
Replies: 19
Views: 2219

Re: Vanguard Federal Money Market compared to Prime Money Market

That is what makes Federal Money Market unique. It is considered "safe" enough by the regulators to be used as a Settlement Account, but it is not implementing the gates and fees model. I am reminded now, that at the time of the SEC rules, Vanguard's argument was that the costs of running those gat...
by welderwannabe
Sat Oct 13, 2018 5:37 am
Forum: Personal Consumer Issues
Topic: What would you do with some bulk silver?
Replies: 41
Views: 2563

Re: What would you do with some bulk silver?

I have heard that APMEX will give a quote on the phone, but then when they receive the metal will call you with some excuse about how it’s damaged and they can’t give you as much, and you can either pay for postage to get it back or take the reduced amount. Even the slightly reduced rate will still...
by welderwannabe
Fri Oct 12, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: 6 month Treasury Note: "Bond" or "Cash"?
Replies: 47
Views: 3724

Re: 6 month Treasury Note: "Bond" or "Cash"?

I hold all my notes and bills to maturity...with some rare exceptions.

I consider all my bills cash. My notes I consider cash once their maturity date closes to 1 year or less.
by welderwannabe
Tue Oct 09, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-effective yields for various MM Funds
Replies: 16
Views: 1313

Re: Tax-effective yields for various MM Funds

CalculatedRisk wrote:
Tue Oct 09, 2018 12:29 am
2. Given that VMSXX is a little risky, does VUSXX have any downsides?
Not sure I agree with this premise. It is not risk-less, but it is pretty close.
by welderwannabe
Mon Oct 08, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Investing in total bond funds now?
Replies: 8
Views: 1807

Re: Investing in total bond funds now?

livesoft wrote:
Mon Oct 08, 2018 8:13 am
It's nice when everything works as expected.
Nice to lose money in an orderly and predictable fashion :)
by welderwannabe
Mon Oct 08, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Switch to Ally or just Keep more in Vanguard Federal Money Market Fund
Replies: 21
Views: 2942

Re: Switch to Ally or just Keep more in Vanguard Federal Money Market Fund

Been with Ally since before it was called Ally. An excellent banking experience for me. Only a couple of minor snags over the course of a decade or so, both of which were easily and quickly resolved by their customer service. They used to always lead the pack of online savings accounts with-respect...
by welderwannabe
Mon Oct 08, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Switch to Ally or just Keep more in Vanguard Federal Money Market Fund
Replies: 21
Views: 2942

Re: Switch to Ally or just Keep more in Vanguard Federal Money Market Fund

Vanguard Federal MM could be up to 70% state tax exempt. Ally is 0% exempt. You may want to factor that into your decision process as well.
by welderwannabe
Fri Oct 05, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: My apathetic sister's rollover IRA Money Market
Replies: 12
Views: 1061

Re: My apathetic sister's rollover IRA Money Market

Wow ok, I guess you guys are right. I just figured i could do that one thing to get the snowball started and show her, but yes I see your point. Thanks all. Hopefully, some day she will take her retirement seriously and reach out. Then it is a different story. I also like the book idea. It might en...
by welderwannabe
Wed Oct 03, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Long or medium bonds
Replies: 88
Views: 5775

Re: Long or medium bonds

I generally like intermediate term treasuries and short term corporates. A 50/50 mix. Just what I do.
by welderwannabe
Tue Oct 02, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Feeling wobbly
Replies: 14
Views: 1480

Re: Feeling wobbly

Do you need this money to live or is this portfolio being setup for inheritance purposes? If you need the money then I like it right where it is. I would suggest 40%-60% equities for a retiree who needs the $$$. You are already at the upper end of that. I wouldn't bump it to 70% equities. Increasing...
by welderwannabe
Sun Sep 30, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: How to tell contractor you don't plan to pay him. [Roofing]
Replies: 65
Views: 6086

Re: How to tell contractor you don't plan to pay him.

Shingling over wet underlayment isn't ideal, but it isn't the end of the world either. It can take the water a while to evaporate trapped under shingles and that is the concern. I wouldn't do it with standing water on the roof, but I wouldn't sweat a damp roof because it rained earlier in the mornin...
by welderwannabe
Sun Sep 30, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 36
Views: 6957

Re: Fidelity Money Market Funds for everyday expenses

In the brokerage does it automatically draw from a money market you buy or do you have to set it up it do that? A money market that is not the core fund is what I a speaking of? Yes. All money market funds in your brokerage account show up as cash available to trade and cash available for withdrawa...