Search found 34 matches

by PA_Boglehead
Tue Mar 02, 2021 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2021
Replies: 29
Views: 1838

Re: Turbotax 2021

Hello, Long time online user of Turbotax. Per the bogleheads recommendation, I switched to the download (mac)/cd version and imported the Taxdatafile and worked seamlessly. Getting ready to hit the button and transmit. Looking ahead to TT2021. Will I need to save a .2020Taxdatafile to my hard drive...
by PA_Boglehead
Mon Mar 01, 2021 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 61
Views: 4308

Re: FED_Taxable_Inherited_IRA rejection Turbotax

I notice that in both of our Turbotax form 8606's line 8 was left empty but line 16 was filled appropriately:

Line 8: Enter the net amount you converted from traditional, SEP, and SIMPLE IRAs to Roth IRAs in 2020. Also enter this amount on line 16
by PA_Boglehead
Mon Mar 01, 2021 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 61
Views: 4308

Re: FED_Taxable_Inherited_IRA rejection Turbotax

My federal and sate returns were just rejected due to "FED_Taxable_Inherited_IRA - There is a potential issue with the calculation of your Taxable Inherited IRA". We contributed to TIRAs and did Backdoor Roth conversions. We did not have inherited IRAs. Intuit's 'support' is a joke. They s...
by PA_Boglehead
Tue Jan 26, 2021 1:25 pm
Forum: Personal Investments
Topic: 50 year old with 95% equity exposure - might be forced out of job
Replies: 94
Views: 11860

Re: 50 year old with 95% equity exposure - might be forced out of job

I disagree with the poster continually suggesting 95/5 or 90/10. You have enough saved that the risk seems too high I also disagree with the poster who suggested 60/40 returns will be quite close to 95/5, because I have a hard time thinking that bond returns would be as good for the next 10 years a...
by PA_Boglehead
Tue Jan 26, 2021 7:56 am
Forum: Personal Investments
Topic: Direct future 401K contributions to 100% bonds?
Replies: 26
Views: 3223

Re: Direct future 401K contributions to 100% bonds?

This is pretty much a no brainer. Pay off the car loan tomorrow with the surplus cash. Aggressively pay down the mortgage, which acts as a "negative bond." WIth a paid off house, and paid off car, you are much more secure. To the extent you want to increase your fixed income after accompl...
by PA_Boglehead
Mon Jan 25, 2021 7:54 pm
Forum: Personal Investments
Topic: Direct future 401K contributions to 100% bonds?
Replies: 26
Views: 3223

Re: Direct future 401K contributions to 100% bonds?

4) Switch to AA of 60/40 now. Exchange some of your stock in the 401K to the bond. Direct all future 401K contribution to 100% Bond. KlangFool Thanks for your input KlangFool. I posted this thread out recognition that we were starting to get too aggressive if we were serious about the "5-year ...
by PA_Boglehead
Sun Jan 24, 2021 9:04 pm
Forum: Personal Investments
Topic: Direct future 401K contributions to 100% bonds?
Replies: 26
Views: 3223

Re: Direct future 401K contributions to 100% bonds?

OP, 1) Your portfolio value = 1.4 million? Correct? Total portfolio is $2.2M-$2.3M. Reduce by $200K if exclude 529 plan savings. Currently holding $116K cash in addition to invested assets.. 2) Your annual saving = ? It is too confusing to find out from your post. We each max 401k contributions, an...
by PA_Boglehead
Mon Jan 18, 2021 11:01 am
Forum: Personal Investments
Topic: Direct future 401K contributions to 100% bonds?
Replies: 26
Views: 3223

Re: Direct future 401K contributions to 100% bonds?

Thanks for the kick in the a$$ everyone. I think the note will get paid off this week once my account at the CU gets linked to my online HYSA account.
by PA_Boglehead
Sun Jan 17, 2021 7:55 pm
Forum: Personal Investments
Topic: Another mortgage payoff scenario
Replies: 79
Views: 4025

Re: Another mortgage payoff scenario

sergeant wrote: Sun Jan 17, 2021 5:26 pm Who knows which scenario will have the best long term financial return, the best scenario for long term relationship return would be to go with DW's request.
Smart man!
by PA_Boglehead
Sun Jan 17, 2021 7:49 pm
Forum: Personal Investments
Topic: Direct future 401K contributions to 100% bonds?
Replies: 26
Views: 3223

Re: Direct future 401K contributions to 100% bonds?

vineviz, That's better than doing what you have been doing, for sure. We had no intentions of touching the outstanding debt in 2020 after the pandemic hit. We responded to the circumstances by cutting our expenses and by saving and investing every dollar we could due to the future unknowns. Wages we...
by PA_Boglehead
Sun Jan 17, 2021 5:57 pm
Forum: Personal Investments
Topic: Direct future 401K contributions to 100% bonds?
Replies: 26
Views: 3223

Re: Direct future 401K contributions to 100% bonds?

Perhaps there is a middle ground where I dont have to sell off any equities, nor reduce cash on hand. If I simply suspend new investment dollars going into taxable brokerage and redirect those monies towards the car note, I could have it paid off in 4 months and as a result save 87% of interest oppo...
by PA_Boglehead
Sun Jan 17, 2021 2:50 pm
Forum: Personal Investments
Topic: Direct future 401K contributions to 100% bonds?
Replies: 26
Views: 3223

Re: Direct future 401K contributions to 100% bonds?

Hi lakpr, Thank you for taking the time to respond. There’s definitely an opportunity cost to holding the amount of cash that we do, I’m not blind to that, but ultimately I believe that the opportunity cost is low enough to merit holding the liquidity position. The cash is a cushion we’ve built up o...
by PA_Boglehead
Sat Jan 16, 2021 10:52 pm
Forum: Personal Investments
Topic: Direct future 401K contributions to 100% bonds?
Replies: 26
Views: 3223

Re: Direct future 401K contributions to 100% bonds?

1. you look in great shape to me! 2. I wouldn't be holding such a high cash position and be thinking about bonds with a $25K auto loan @ 3.79%. Some of the posters on here have concerns about going too heavy into bonds at this time, or when you have a car loan or mortgage. I'm not sure a 100% bond ...
by PA_Boglehead
Sat Jan 16, 2021 10:09 pm
Forum: Personal Investments
Topic: Direct future 401K contributions to 100% bonds?
Replies: 26
Views: 3223

Direct future 401K contributions to 100% bonds?

Emergency funds: $130K / ~15 months expenses Debt: $212K mortgage @ 2.375% on a 10-yr FRM with a 40% LTV. $25K auto loan @ 3.79% with 3 years to go on a car that was bought 2 years ago. We have a second vehicle that is 4-years old and fully paid off. Tax Filing Status: MFJ. Standard deduction. Tax ...
by PA_Boglehead
Wed Jan 13, 2021 11:50 am
Forum: Personal Investments
Topic: Managing cash: I- Bonds vs HYSA vs Other?
Replies: 10
Views: 1127

Re: Managing cash: I- Bonds vs HYSA vs Other?

I have 3 $25k No-Penalty CDs at Ally which constitute my emergency fund. I plan to cash one each year for the next 3 years and purchase my family max of I-bonds ($10k + $10k + $5k). At the end of 3 years, I’ll have $15 in paper I-bonds (redeemable immediately in emergency) and $60k in electronic I-...
by PA_Boglehead
Tue Jan 12, 2021 9:49 pm
Forum: Personal Investments
Topic: Managing cash: I- Bonds vs HYSA vs Other?
Replies: 10
Views: 1127

Re: Managing cash: I- Bonds vs HYSA vs Other?

Well then, that sounds like the end of this thread. If I could buy them through my brokerage firm, bank, or credit union I'd be there. I understand why they've restricted purchasing channels so as to tie purchase limits to security numbers, but It feels like an unnecessary complication to manage ca...
by PA_Boglehead
Tue Jan 12, 2021 9:25 pm
Forum: Personal Investments
Topic: Managing cash: I- Bonds vs HYSA vs Other?
Replies: 10
Views: 1127

Re: Managing cash: I- Bonds vs HYSA vs Other?

From what I've read, I like I-Bonds as a vehicle to manage cash, but I cannot commit to using the Treasury Direct website. I already have to periodically remind my DW that her Roth account has a separate login at Vanguard. I smell a catastrophe in the making if my reach for yield (on our cash of all...
by PA_Boglehead
Mon Jan 11, 2021 5:12 pm
Forum: Personal Investments
Topic: Managing cash: I- Bonds vs HYSA vs Other?
Replies: 10
Views: 1127

Managing cash: I- Bonds vs HYSA vs Other?

DW and I have always held a healthy amount of cash in our emergency fund. Our EF is there to cover true emergencies related to loss of income, and also to cover big ticket expenses related to home renovations, vehicle purchases, etc. We keep 2-3 months of expenses in our checking account, and have a...
by PA_Boglehead
Fri Jan 01, 2021 12:09 pm
Forum: Personal Investments
Topic: Backdoor Roth conversion: Use 2020 TIRA Account?
Replies: 3
Views: 161

Re: Backdoor Roth conversion: Use 2020 TIRA Account?

That was easy, thank you both!
by PA_Boglehead
Fri Jan 01, 2021 11:30 am
Forum: Personal Investments
Topic: Backdoor Roth conversion: Use 2020 TIRA Account?
Replies: 3
Views: 161

Backdoor Roth conversion: Use 2020 TIRA Account?

HNY Bogleheads! Before I make a mistake on our 2021 Backdoor IRAs: We both have zero balance TIRA accounts (Vanguard) that we used to fund 2020 TIRA and converted to Roth. For 2021, can we use those same zero balance TIRA accounts (and then backdoor from there)? Or do I have to open new account #s f...
by PA_Boglehead
Fri Oct 09, 2020 4:30 pm
Forum: Personal Investments
Topic: Portfolio Feedback please
Replies: 8
Views: 655

Re: Portfolio Feedback please

Was hoping for another down day this week, but it wasn't meant to be. I exchanged 100% of the Treasury MMF into VTSAX today.

Now that I'm fully invested the market is free to correct down.
by PA_Boglehead
Wed Oct 07, 2020 11:00 am
Forum: Personal Investments
Topic: Portfolio Feedback please
Replies: 8
Views: 655

Re: Portfolio Feedback please

After converting $60K from cash to equities, do I have enough in the emergency to sustain a new storm? I know this is mental. Do i really want to dump $60K into the market after it ran up? I feel like I should have done this in the spring. I've been waiting for another buying opportunity that hasn'...
by PA_Boglehead
Wed Oct 07, 2020 10:40 am
Forum: Personal Investments
Topic: Portfolio Feedback please
Replies: 8
Views: 655

Re: Portfolio Feedback please

Welcome to the forum. I'll only comment on two discrete things: Thank you, been here for many, many years as an avid reader, I rarely post. With your net worth and savings, I would pay that car loan off now. 3.79% is an after-tax rate, which at your tax rate is about 5.19% pretax. That's an excelle...
by PA_Boglehead
Wed Oct 07, 2020 10:05 am
Forum: Personal Investments
Topic: Portfolio Feedback please
Replies: 8
Views: 655

Re: Portfolio Feedback please

What are your goals? When do you want to retire? How much do you make? How much do you spend per year? Financial 'Independence' is of course the goal but healthcare and future college costs dictate continued employment until we can bridge to retirement. It would be obviously great to be able to qui...
by PA_Boglehead
Wed Oct 07, 2020 9:12 am
Forum: Personal Investments
Topic: Portfolio Feedback please
Replies: 8
Views: 655

Portfolio Feedback please

Emergency funds: We have $104K in an online HYSA and another $25K in a local B&M bank. Recently depleted this by $30K to fund some home improvements. Have some more home improvement projects due in the 3-6 months that could cost just as much potentially. Debt: $218K mortgage @ 2.375% on a 10-yr ...
by PA_Boglehead
Fri Aug 04, 2017 7:38 pm
Forum: Personal Investments
Topic: S&P500: Good enough or worth it to splice a TSM proxy?
Replies: 7
Views: 1168

Re: S&P500: Good enough or worth it to splice a TSM proxy?

I'm aware how to approximate TSM, hence my allocation of DW's 401k which i structured into a TSM proxy. I'm curious as to people's general thoughts as to the merits of one option over the other!
by PA_Boglehead
Fri Aug 04, 2017 7:12 pm
Forum: Personal Investments
Topic: Evaluate our portfolio
Replies: 9
Views: 1348

Re: Evaluate our portfolio

I took door #1 and exchanged my VSIAX & VGHCX for more shares VTSAX & VTIAX. It was tough for me to cash in the health care fund with those sweet historical returns. I tried to justify to myself at one point to consolidate both VSIAX & VGHCX into admiral shares of the health fund (VGHAX)...
by PA_Boglehead
Fri Aug 04, 2017 6:55 pm
Forum: Personal Investments
Topic: S&P500: Good enough or worth it to splice a TSM proxy?
Replies: 7
Views: 1168

S&P500: Good enough or worth it to splice a TSM proxy?

Background: DW and I do not have a TSM fund option in either of our 401k's, but we can proxy TSM with other funds. My contributions: 100% domestic stock allocation to Fidelity 500 Index Fund - Institutional Class (FXSIX) DW's contributions of domestic stock allocation: 83% FXSIX 17% FSEVX It's been ...
by PA_Boglehead
Thu Aug 03, 2017 11:26 am
Forum: Personal Investments
Topic: Evaluate our portfolio
Replies: 9
Views: 1348

Re: Evaluate our portfolio

A couple of things I've done and a couple more that I'm pondering: I decided to do some TLH and swapped my shares of the PA admiral municipal bond fund (VPALX) for the Intermediate Term Tax Exempt Admiral fund (VWIUX); I like that this move shortens my duration by about a year and increases credit q...
by PA_Boglehead
Tue Aug 01, 2017 9:56 pm
Forum: Personal Investments
Topic: Evaluate our portfolio
Replies: 9
Views: 1348

Re: Evaluate our portfolio

If you believe in health care, go with a tilt of 5% to 10%. 2% does nothing for you. Maybe buys you a few extra sandwiches. Personally I would not advocate this because past performance does not guarantee anything about the future. I could double my health care position so that I could buy into Adm...
by PA_Boglehead
Tue Aug 01, 2017 9:02 pm
Forum: Personal Investments
Topic: Evaluate our portfolio
Replies: 9
Views: 1348

Re: Evaluate our portfolio

It looks to me that you are doing things right. You have made good fund choices for all of your accounts and I am not going to nitpick. We all have our preferences. Your 70/30 asset allocation looks good and your International allocation of 20-25% of stocks looks good too. My recommendation for Int...
by PA_Boglehead
Tue Aug 01, 2017 6:40 pm
Forum: Personal Investments
Topic: Evaluate our portfolio
Replies: 9
Views: 1348

Re: Evaluate our portfolio

I would stick with the S&P fund in your 401k and look to cover international and bonds in other parts of your portfolio. Interesting. To do that I would have to mirror VTSAX with FTSIX+VSCIX+VMCIX in my 401k and in DW's 401k utilize FXSIX+FSEVX. Not impossible to do it that way but I would run ...
by PA_Boglehead
Mon Jul 31, 2017 11:41 pm
Forum: Personal Investments
Topic: Evaluate our portfolio
Replies: 9
Views: 1348

Evaluate our portfolio

Hi everyone! Would like to get feedback as to how we are tracking and also looking for some specific recommendations regarding our asset allocations which I will flesh out below: Background: State of Residence: PA Age: 41 & DW is 40 DW & I both work. Household income is in the $250K-$280 ran...