Search found 409 matches

by welderwannabe
Fri Feb 23, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Paying more taxes to fund a Roth?
Replies: 6
Views: 494

Re: Paying more taxes to fund a Roth?

What about funding a RothIRA to the max and put the rest in taxable?
by welderwannabe
Fri Feb 23, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Purchase Plan - is this even valuable/worth it?
Replies: 34
Views: 2156

Re: Employee Stock Purchase Plan - is this even valuable/worth it?

My (very likely) potential employer has an ESPP. I am trying to evaluate if it is worthwhile. The details: Stock is purchased at a 5% discount Stock is purchased twice year Stock purchase price is the lowest intraday price for the day of purchase I can sell the next day after purchase I can contrib...
by welderwannabe
Fri Feb 23, 2018 8:38 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 200
Views: 13752

Re: Two Comma Club

randomizer wrote:
Thu Feb 22, 2018 8:22 pm
So with the recent correction, did you join the club, leave it, and then join it again?
Yes! I waited to post until it held for a few days! :)
by welderwannabe
Thu Feb 22, 2018 8:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 200
Views: 13752

Re: Two Comma Club

CyclingDuo wrote:
Thu Feb 22, 2018 7:54 pm
Good time to read up on the portfolio size effect...

https://www.kitces.com/blog/managing-po ... -red-zone/
Interesting article. I will have to read it in more depth tomorrow. Thanks for sharing.
by welderwannabe
Thu Feb 22, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Diversification when total market isn't an option...
Replies: 10
Views: 622

Re: Diversification when total market isn't an option...

Hi, I have a 403b from my previous job that offers several Vanguard admiral funds, but none of them are total market funds. I am wondering how I should allocate (in terms of percentages) among the offered funds listed below. Alternatively, I can roll the 403b over into an IRA, but I do like the ver...
by welderwannabe
Thu Feb 22, 2018 7:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 200
Views: 13752

Two Comma Club

[Thread merged into here, see below. --admin LadyGeek] Wife and I just recently hit the two comma club. We have been there for a couple years including our house, but we just hit it for just our investments. Been a long slog and lots of savings but we finally made it. We are in our early forties. C...
by welderwannabe
Thu Feb 22, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: 3 Month T-Bill Replacement for Ally No-Penalty 1yr CDs?
Replies: 22
Views: 1146

Re: 3 Month T-Bill Replacement for Ally No-Penalty 1yr CDs?

Fidelity is $0 for both primary and secondary Treasuries.

U.S. Treasury: Auctions and secondary issues online $0
by welderwannabe
Thu Feb 22, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Money market accounts
Replies: 3
Views: 717

Re: Money market accounts

Looking for advice regarding moving some cash to a money market account at a bank (ie.Ally) versus a money market account at Vanguard vs a municipal money market. Some factors would include easy accessibility and other factors would be with regards to taxes. I don't think the Prime Money Market at ...
by welderwannabe
Thu Feb 22, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Can you lose money in a Money Market savings account ?
Replies: 36
Views: 1973

Re: Can you lose money in a Money Market savings account ?

If you are really bored, you can look up the Federal Reserve Reg D. As far as the Fed is concerned, a money market account is just a savings account. They no longer make any distinction. I find it very confusing as well, and I wish banks couldn't call them money markets. They have nothing to do with...
by welderwannabe
Thu Feb 22, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: Is 0.46% more after-tax yield enough to justify muni risk?
Replies: 9
Views: 993

Re: Is 0.46% more after-tax yield enough to justify muni risk?

Im not sure I agree with the premise that munis are more risky than the blend of bonds in BND.

BND is loaded with treasuries which are basically risk free, but it also has a bunch of corporate and MBS.
by welderwannabe
Thu Feb 22, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 85
Views: 7223

Re: What's your cash position

This reminds me, I need to start keeping my eye on treasuries. Short and interm treasuries when you factor in the tax savings if bought at auction are now beating most current online savings accounts and CDs of similar maturity. I may need to move a portion of my cash holdings into these. You can b...
by welderwannabe
Thu Feb 22, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Where to put 6 months of living expenses(emergency fund) ?
Replies: 22
Views: 2669

Re: Where to put 6 months of living expenses(emergency fund) ?

We currently have about 6 months of living expenses(our emergency fund, in case we lost our jobs, etc.) in the Vanguard Prime Money Market fund. Is this a good choice, or is there a better choice ? Maybe some sort of account that earns more interest for us? We also use this account occasionally to ...
by welderwannabe
Tue Feb 20, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: why Vanguard short-term bond instead of CD
Replies: 31
Views: 3061

Re: why Vanguard short-term bond instead of CD

Don't rule out buying TBills and 2 year Treasuries. The yields lately have been close or better than brokered CDs depending on term.
by welderwannabe
Tue Feb 20, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 85
Views: 7223

Re: What's your cash position

Every dollar of cash should have a purpose. It can be all in your checking account or split out to different accounts, institutions and types (money market or CD). Do whatever works for you. If you have a dollar of cash, what is the purpose of that dollar? Checking Account - Routine in and out, pay...
by welderwannabe
Mon Feb 19, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Deferred Annuity policy Help
Replies: 3
Views: 254

Re: Deferred Annuity policy Help

I wouldn't bother with that 457 if I was in your shoes. When you refer to a TIRA I assume you mean non deductible? Since you are both covered by retirement plans at work, the deductible IRA income limits should apply. Your income is well over the limit. https://www.irs.gov/retirement-plans/plan-part...
by welderwannabe
Sun Feb 18, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Laid off ...next steps
Replies: 27
Views: 4164

Re: Laid off ...next steps

This situation sucks, but you should be pleased with yourself that you were financially prepared for it. Having a year of expenses in savings was a smart play on your part and should reduce the stress on you once the emotions from being laid off fade.

Good luck!
by welderwannabe
Sun Feb 18, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund question
Replies: 14
Views: 847

Re: Emergency fund question

My emergency fund is sized based on what I believe mandatory expenses would be if I was unemployed. I put a lot into a taxable investment account every month. I do not include that amount as a living expense as I would shut that off temporarily if unemployed. Ignore any discretionary expenses that y...
by welderwannabe
Sun Feb 18, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6754

Re: Sell me on the benefits of an emergency fund

I always wonder if I keep my emergency fund in the best place, I have it in a Discover Card Savings account at 1.35 APY. What is the benefit of keeping your emergency fund in a Vanguard Municipal Money Market? Hoping to learn :) Thanks! Nothing wrong with what you are doing there. I am in the 37% f...
by welderwannabe
Sun Feb 18, 2018 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6754

Re: Sell me on the benefits of an emergency fund

I keep about about 9 months of expenses in Vanguards Municipal Money Market. Go back in time and imagine it is 2008 after a 50% downturn in the market and you got laid off because you worked for Lehman or something. Do you really want to be liquidating stocks then to cover living expenses? This is w...
by welderwannabe
Sat Feb 17, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations for Fidelity Bond Funds in Taxable Account
Replies: 25
Views: 1707

Re: Recommendations for Fidelity Bond Funds in Taxable Account

I don't think whodidntante is recommending putting bonds in a Roth. You would put bonds in non roth tax deferred, since withdrawls from those are taxed at full income tax rates anyways
by welderwannabe
Sat Feb 17, 2018 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations for Fidelity Bond Funds in Taxable Account
Replies: 25
Views: 1707

Re: Recommendations for Fidelity Bond Funds in Taxable Account

FSITX has a $10,000 minimum, but FBIDX is similar but has a $2,500 minimum. Three year return was 0.91%. Not falling in love with that return, but it would be the bond index fund of choice. Yes, I gave you the premium fund tickers since you mentioned a $220K balance and wanted 40% in bonds. You are...
by welderwannabe
Sat Feb 17, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations for Fidelity Bond Funds in Taxable Account
Replies: 25
Views: 1707

Re: Recommendations for Fidelity Bond Funds in Taxable Account

I am not sure a muni fund is worth it in the 15% bracket, but if you wanted to go that route I would take a look at MUB (ishares muni-bond ETF). It trades for free at Fidelity. Another option is FSITX Fidelity® U.S. Bond Index Fund - Premium Class. This is a taxable bond fund so you will pay income ...
by welderwannabe
Sat Feb 17, 2018 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Laddering CDs: 6 mos v. 1 year?
Replies: 11
Views: 937

Re: Laddering CDs: 6 mos v. 1 year?

True for terms out to about one year. Market is closed now, but at Fidelity I see 1-year Treasury (matures 2/15/2019) at 2.013% for minimum quantity of 25 (25,000 face value) and 1.976 for minimum quantity of 1. So depending on quantity you buy and your state tax rate, a 1-year Treasury could be a ...
by welderwannabe
Sat Feb 17, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Laddering CDs: 6 mos v. 1 year?
Replies: 11
Views: 937

Re: Laddering CDs: 6 mos v. 1 year?

I am getting ready to ladder some CDs. Given that interest rates are rapidly going up on CDs, is it better to go with 6-month terms, or 1-year terms? For example, Ally is now paying 2.05% for a 1-year CD and 1.75% for a 6-month term. (Info: liquidity is not important for me right now.) Given these ...
by welderwannabe
Sat Feb 17, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Is a Brokerage "Redemption Fee" tax deductible?
Replies: 14
Views: 767

Re: Is a Brokerage "Redemption Fee" tax deductible?

I'm sorry, some of this confusion is probably my fault. I was not intending to get into a debate as to which column a redemption fee goes on a 1099 or tax forms. The original OP question was asking if a redemption fee was 'deductible' or not, and what I was intending to convey was that it just reduc...
by welderwannabe
Sat Feb 17, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Is a Brokerage "Redemption Fee" tax deductible?
Replies: 14
Views: 767

Re: Is a Brokerage "Redemption Fee" tax deductible?

The fees would increase your cost basis, reducing your 'profit' if any or increasing your loss. According to the IRS publication that Livesoft linked, a redemption fee reduces your sales proceeds. While technically correct it is really potato or potatato :). Whether you raise the left side of the e...
by welderwannabe
Sat Feb 17, 2018 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Confused - placing for best after tax return- 401k and Roth 401k
Replies: 15
Views: 1021

Re: Confused - placing for best after tax return- 401k and Roth 401k

suemarkp wrote:
Sat Feb 17, 2018 12:29 am
But it may be better to take the tax savings from a pre-tax 401K approach and use that to fund my back door roth. That's what I was doing before the roth 401K became available.
This is what I do too. I took the tax savings and use it to fund a backdoor Roth.
by welderwannabe
Sat Feb 17, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Is a Brokerage "Redemption Fee" tax deductible?
Replies: 14
Views: 767

Re: Is a Brokerage "Redemption Fee" tax deductible?

The fees would increase your cost basis, reducing your 'profit' if any or increasing your loss.
by welderwannabe
Fri Feb 16, 2018 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds - now or later in the year?
Replies: 7
Views: 1033

Re: I Bonds - now or later in the year?

(If I were a betting man, I'd say the fixed rate is going to increase slightly simply because rates in general do seem to be increasing now, but I'm not recommending anyone act on that prediction with their I-bond purchases.) Im holding off on my purchase too for this reason. I think the fixed rate...
by welderwannabe
Tue Feb 13, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 9406

Re: Job is starting to suck the life out of me.

I am living this now. My suggestion is to not make any rash moves. Give yourself a deadline, say 3 months from now. If it isn't any better then, then think about moving on. Easy to get caught up in the moment at work. One thing I have learned over the years is every company has their problems. You j...
by welderwannabe
Tue Feb 13, 2018 7:43 am
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 133
Views: 9574

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

We paid off the mortgage earlier this year.
Next big ticket item is a new car for the wife. Need to save up for a few more months.
by welderwannabe
Tue Feb 13, 2018 7:40 am
Forum: Personal Consumer Issues
Topic: Rolex
Replies: 45
Views: 4730

Re: Rolex

You best bet is to sign up for Rolex Forums and buy from the classifieds. There are many 'trusted sellers' with brand new watches available, still has the stickers, come with box & papers and full factory warranty of 5 years. Sunny_socal is bang on here. I bought my last one from a reputable guy on...
by welderwannabe
Sun Feb 11, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: "Laid off, choices re 401k loan and rollover - Help Requested"
Replies: 17
Views: 1374

Re: "Laid off, choices re 401k loan and rollover - Help Requested"

Sorry to hear you lost your job. There are people smarter about 401Ks than myself on this forum, but I believe once you are separated the 401k loan comes due.

I would roll your 401k to a rollover IRA at either Vanguard or Fidelity.
by welderwannabe
Sun Feb 11, 2018 1:24 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 72
Views: 8160

Re: Ally online savings now at 1.45%

Yea, that's weird isn't it? Years ago when I joined Ally, the MM had a slightly higher APY than the online savings. Then the MM went down, they evened out, and the online savings has crept up ever since while the MM sits tight. What's the reason for that? Just Ally's preference wanting more folks t...
by welderwannabe
Sun Feb 11, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 72
Views: 8160

Re: Ally online savings now at 1.45%

They need to raise their money market account next. .90% needs to go up a bit.

Glad to see the savings account go up again though.
by welderwannabe
Sat Feb 10, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Choosing muni bond funds
Replies: 52
Views: 4464

Re: Choosing muni bond funds

There is some lousy advice so far on this thread from people who clearly have a beef with Fidelity. It's not terribly helpful. I have accounts at Fidelity, I like Fidelity, but I will admit that I'm not in love with their municipal bond funds. Vanguard does have better options here. That said, all ...
by welderwannabe
Tue Feb 06, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: $1000 a month for life into a taxable account
Replies: 23
Views: 3838

Re: $1000 a month for life into a taxable account

bloom2708 wrote:
Mon Feb 05, 2018 4:06 pm
49% Total US Stock Index
21% Total International Stock Index
30% Int-Term Tax-Exempt Bond index

Re-balance on your birthday each year.

+1, I do the same thing except I am

56% Total US Stock Index
24% Total International Stock Index
20% Int-Term Tax-Exempt Bond index
by welderwannabe
Mon Feb 05, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard federal money market interest
Replies: 4
Views: 611

Re: Vanguard federal money market interest

They calculate it daily I believe. I have had money in a MM for one day, and when I transferred it out it paid a small dividend right then and there.
by welderwannabe
Sun Feb 04, 2018 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: The Prime Money Market vs the Short Term Investment Grade bond fund question
Replies: 17
Views: 2334

Re: The Prime Money Market vs the Short Term Investment Grade bond fund question

What you are really asking is whether to hold cash or bonds. One of the goals of holding bonds is the 'sometimes' negative correlation to stocks. That said, many times that happens is in a 'flight to quality' scenario. The VFSUX fund is corporate bond heavy so it may not act this way versus say a tr...
by welderwannabe
Sun Feb 04, 2018 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Choices
Replies: 6
Views: 451

Re: 401k Choices

Thanks everyone. I do have another tax deferred account at Fidelity I could use as well. However, I tend to like to keep each account balanced to my AA as much as possible to simplify rebalancing. I need to research the international offering in this 401k (OIGIX) a little more. It is pretty expensiv...
by welderwannabe
Sat Feb 03, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Pros & Cons of Zero Coupon Treasuries
Replies: 18
Views: 1394

Re: Pros & Cons of Zero Coupon Treasuries

I am considering buying Zero Coupon Treasuries. I don't need the interest payments, these would be part of the bond portion of my asset allocation and my intent would be to hold them to maturity. What I like is that the interest is quasi - "reinvested" rather than paid out periodically, so that I w...
by welderwannabe
Sat Feb 03, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 46543

Re: Today was a Really Bad Day

The S&P has only fallen very slightly (about 10 points?), and the Dow is actually up considerably I believe(?) since you decided not to invest a month ago. What's changed? The assumption you are making is I made an active decision not to invest, which is not the case. My bonus paid out the week of ...
by welderwannabe
Sat Feb 03, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: 401k Choices
Replies: 6
Views: 451

401k Choices

All, My 401k plan at megacorp has changed. Our previous plan had mostly Vanguard funds...this new plan is quite a degrade with a lot of high ER funds. My thinking is to dump my stock allocation into CLXRX and MPSIX. The 2 international funds look too expensive to me, so I was thinking of taking a pa...
by welderwannabe
Sat Feb 03, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 46543

Re: Today was a Really Bad Day

I was sitting in $40K of investable cash for the last month. Been too busy to put the buy orders in due to work. I made time yesterday!
by welderwannabe
Sat Jan 27, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: Dalio says bonds have entered a bear market
Replies: 96
Views: 9407

Re: Dalio says bonds have entered a bear market

Sorry, this is a really ignorant question, but I'm also a total newbie when it comes to bonds (I tried googling info on this and didn't find much). Here's my questions: When they talk about Bonds, do they also mean Muni Bonds? My wife and I are both still working, and are in a high tax bracket. So,...
by welderwannabe
Mon Jan 22, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account Change to Fidelity - Pros and Cons
Replies: 20
Views: 1132

Re: Brokerage Account Change to Fidelity - Pros and Cons

Thanks to all so far for your perspectives and advice. The wiki shows no MF equivalent for Intermediate Corporate Bond Index, and neither does the Fidelity website. I had the same problem when I went to Fidelity. I ended up just buying LQD (iShares corporate bond ETF). If I remember it has a slight...
by welderwannabe
Mon Jan 22, 2018 10:49 am
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 67
Views: 4574

Re: New Brake Pads

I wouldn't bother resurfacing rotors nowadays. New ones are pretty cheap, and I have had mixed results with resurfacing over the years. Just my .02
by welderwannabe
Sun Jan 07, 2018 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Do we have too much in bonds?
Replies: 25
Views: 2722

Re: Do we have too much in bonds?

I will dissent a bit. You are in good shape, but I wouldn't go more than 50% bonds in my opinion. 50/50 is as conservative as I would personally go.
by welderwannabe
Sun Jan 07, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Having trouble deciding on 401k employee deferral or Roth deferral at new job
Replies: 8
Views: 475

Re: Having trouble deciding on 401k employee deferral or Roth deferral at new job

Of course you could save the tax savings amount either in more contributions or buy Roth IRA with the difference. This is exactly what I am doing now. I was doing the Roth 401k for years. About 6 months ago I switched to a traditional 401k and am investing the tax savings in a backdoor Roth. Best o...