Search found 504 matches

by TwstdSista
Thu Feb 22, 2018 5:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 184
Views: 13153

Re: Post your Financial Milestone Announcements Here

^ Great job Meowcat! whether or not you should have more? Meh, you can always have more. But you simply may have enough, which is fantastic!
by TwstdSista
Thu Feb 22, 2018 5:31 am
Forum: Investing - Help with Personal Investments
Topic: Update: Yikes, I waited too long, am I [too late]? 50k to invest
Replies: 47
Views: 4050

Re: Update: Yikes, I waited too long, am I [too late]? 50k to invest

If you had enough income last year, fund your Roth for 2017 as well. You're self-employed. Open a SEP IRA and you can contribute 20% (minus self-employment taxes) of your 2017 income -- 18.587045% (approximately 18.6%) of net profit. Then open a solo 401k for 2018. You can eventually roll your SEP i...
by TwstdSista
Thu Feb 22, 2018 5:15 am
Forum: Investing - Help with Personal Investments
Topic: Help invest an extra $5,000 per month
Replies: 19
Views: 2039

Re: Help invest an extra $5,000 per month

Backdoor Roths for 2017 -- prior to tax day this year. Then Backdoor Roths for 2018. (assuming you don't have any traditional, Rollover, SEP or SIMPLE IRAs)

Then taxable. Let the mortgage be.
by TwstdSista
Thu Feb 22, 2018 5:09 am
Forum: Personal Consumer Issues
Topic: Mental Accounting -- How to solve problem
Replies: 29
Views: 2300

Re: Mental Accounting -- How to solve problem

This thread has been eye-opening! Personally, I budget annually and then break that down into monthly chunks. I (try to) keep a buffer in my checking account for 1/12th of my annual expenses, not including savings/retirement. I don't worry about expensive months since it all even out -- our biggest ...
by TwstdSista
Thu Feb 22, 2018 4:36 am
Forum: Investing - Help with Personal Investments
Topic: Owe IRS $33K, need help with tax planning for 2018
Replies: 10
Views: 1425

Re: OWE IRS $33K, NEED HELP WITH TAX PLANNING FOR 2018

Agree with the SEP and then solo 401k suggestion above.

The $10,000 Canadian income might also be eligible for an additional SEP contribution, as well as deductions for travel to Canada. (But I'm not sure if you can use the same SEP). Are you supposed to pay Canadian taxes on this money as well?
by TwstdSista
Thu Feb 22, 2018 4:31 am
Forum: Investing - Help with Personal Investments
Topic: I need help with my 401k
Replies: 10
Views: 535

Re: I need help with my 401k

I would call the custodian and/or talk to HR (human resources) to confirm that this is a tax deferred account before making any huge changes. From your description, it sounds like it is part of your 401k, but we can't know for sure without looking into the details of your plan.
by TwstdSista
Thu Feb 22, 2018 4:25 am
Forum: Personal Finance (Not Investing)
Topic: Safe to file taxes now?
Replies: 54
Views: 4120

Re: Safe to file taxes now?

I always wait until at least February 15th. I'm self-employed, so I figure filing before all the 1099s technically arrive might raise a flag with the IRS. (although I don't need my 1099s, I know my income to the penny). I have a vague recollection of receiving an amended 1099 from either Vanguard or...
by TwstdSista
Thu Feb 22, 2018 4:16 am
Forum: Investing - Help with Personal Investments
Topic: Another Solo 401k Question and Addtl. Q's
Replies: 7
Views: 448

Re: Another Solo 401k Question and Addtl. Q's

Spirit Rider wrote:
Wed Feb 21, 2018 5:24 pm
...
It is only W-2 employees that must have their employee deferrals deducted from their pay checks with a pay date on or before 12/31 to be considered for that tax year.
Thank you for this clarification! (as I am not a W2 employee, this information is quite beneficial to me personally!)
by TwstdSista
Wed Feb 21, 2018 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Another Solo 401k Question and Addtl. Q's
Replies: 7
Views: 448

Re: Another Solo 401k Question and Addtl. Q's

Thanks to all responses. I will be able to fund Roth accounts for both (A), however not financially feasible at this moment to do fund both SEP(B) and Solo 401k(C). If given the choice which one would you choose? Thanks again, Scott! Now: A - fund 2017 Roths prior to tax day this year B - fund SEP ...
by TwstdSista
Wed Feb 21, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? ** How to deduct in 2018??
Replies: 83
Views: 3785

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

I just wanted to add some anecdotal evidence as to why you should not go without health insurance. We have a HDHP (high deductible health plan) and the husband had to go to the ER (emergency room) in January of this year. Just got our EOB (explanation of benefits) and the hospital billed our insuran...
by TwstdSista
Wed Feb 21, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: <gulp> Expensive mistake
Replies: 43
Views: 6177

Re: <gulp> Expensive mistake

Great advice in this thread! And, for the record, I've only been here since November and had never heard of a TSP prior to that -- but I did know what the OP was talking about. TSP and its funds are practically intuitive to me after just three months. Maybe I'm a quick learner? (FYI, so is TBM -- to...
by TwstdSista
Wed Feb 21, 2018 5:38 am
Forum: Investing - Help with Personal Investments
Topic: Employer Sponsored 401K Fund Question
Replies: 7
Views: 460

Re: Employer Sponsored 401K Fund Question

Here's a suggestion for 90/10 with 30% Int'l (allows for rebalancing within 401k and Rollover): Company Sponsored 401K (Fidelity): $54k 12.18% S&P 500 Index Fund (no ticker). ER: 0.031% 10.15% International Equity Index Fund (no ticker). ER: 0.11% 5.08% Bond Index Fund (no ticker). ER: 0.052% Roth I...
by TwstdSista
Tue Feb 20, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: What funds would you pick for 401k?
Replies: 8
Views: 455

Re: What funds would you pick for 401k?

Expense ratios over 0.20% are generally considered too high around here. I'd look into these funds:

US Bond Index Fund -- 0.11%
Core Equity Fund -- ER 0.09%
International Equity Index Fund -- VDIPX -- ER 0.13%
Small Cap Index Fund -- VSCPX -- ER 0.12%
by TwstdSista
Mon Feb 19, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for advice on what to hold in my Roth IRA's.
Replies: 3
Views: 476

Re: Looking for advice on what to hold in my Roth IRA's.

^ Good call. Exactly what I would have suggested. (and exactly how my Roth is invested)
by TwstdSista
Mon Feb 19, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Another Solo 401k Question and Addtl. Q's
Replies: 7
Views: 448

Re: Another Solo 401k Question and Addtl. Q's

1. We would like to start investing in Solo 401k or Roth ($5500) for my wife, we just have a old Traditional 401k from prior employer in a Vanguard Account for her. Should I set up Solo 401K with Fidelity and invest as much as possible, or fund Roth IRA's for both of us? Yes, and yes. Both if you c...
by TwstdSista
Mon Feb 19, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Organization - 33 yo - need advice
Replies: 20
Views: 2061

Re: Investment Organization - 33 yo - need advice

The 2050 target fund is 0.33% after looking. Being that low, does it make the argument to just leave it be? It's half the cost of my fidelity fee. Thanks. For the sake of simplicity, yes. It does make sense to leave it be. But ditch the PAS fee -- totally unnecessary, especially with target date fu...
by TwstdSista
Mon Feb 19, 2018 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Young Investor Advice
Replies: 6
Views: 776

Re: Young Investor Advice

Run, don't walk, from Edward Jones. Look into Vanguard, Fidelity and Schwab -- all of great low cost index funds. A Roth IRA with $53k in it doesn't need to be invested in more that two or three funds (my Roth has more $ in it, and I'm only invested in one fund). No single stock should be more than ...
by TwstdSista
Mon Feb 19, 2018 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Investment Organization - 33 yo - need advice
Replies: 20
Views: 2061

Re: Investment Organization - 33 yo - need advice

Could I choose the top two options and the bonds or do I need the top three with bonds? Stay away from the international equity fund (0.48%)? The top two or three, with bonds. Either of those works! And definitely stay away from the international equity fund (0.48%) -- Blackrock Intl Eqty Index Tru...
by TwstdSista
Sun Feb 18, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Big changes, ready to contribute again. Please advise.
Replies: 2
Views: 472

Re: Big changes, ready to contribute again. Please advise.

For starters, as a self-employed person with no employees you can open up a solo 401k. I don't think you are allowed to contribute to a SIMPLE IRA from a former employer. You can, however, roll it over either to a Rollover IRA or to your new solo 401k (I believe). You would have a lot more options f...
by TwstdSista
Sun Feb 18, 2018 5:26 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3353
Views: 963255

Re: What Movie Have You Recently Watched?

Girls Day yesterday -- we watched the entire Fifty Shades trilogy.

I know, I know. You're all jealous....
by TwstdSista
Sat Feb 17, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: VFINX Question
Replies: 5
Views: 485

Re: VFINX Question

Thanks for the responses. Since this is a taxable account, is there a way to make the "transfer" or "conversion" without paying taxes? Transfer in-kind to Vanguard -- not a taxable event. Nothing gets sold, just transferred. Convert to Admiral, also not a taxable event. Vanguard will do this once t...
by TwstdSista
Sat Feb 17, 2018 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Is this a MLM? American Inst of Cert Tax Planners
Replies: 8
Views: 848

Re: Is this a MLM? American Inst of Cert Tax Planners

mmcmonster wrote:
Sat Feb 17, 2018 6:54 am
I'm sorry.

What's an MLM? I looked at the abbreviations site and it wasn't listed. :annoyed

https://www.bogleheads.org/wiki/Abbrevi ... d_Acronyms
Multi-level marketing

From the Google: https://en.wikipedia.org/wiki/Multi-level_marketing
by TwstdSista
Sat Feb 17, 2018 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Federal Income Taxes in 2018
Replies: 3
Views: 798

Re: Federal Income Taxes in 2018

Mine about 15% -- woo hoo!
by TwstdSista
Sat Feb 17, 2018 5:37 am
Forum: Investing - Help with Personal Investments
Topic: Need help to plan portfolio
Replies: 26
Views: 1484

Re: Need help to plan portfolio

A Solo 401k has higher contribution limits than a SIMPLE does. I prefer it because it gives me flexibility if I have a good year. If your income is too high for Roth contributions, then the existence of traditional-type IRAs (such as a SIMPLE) makes a backdoor Roth more complicated. I believe that a...
by TwstdSista
Sat Feb 17, 2018 5:29 am
Forum: Investing - Help with Personal Investments
Topic: Beginner Investor [looking for help]
Replies: 31
Views: 1964

Re: Beginner Investor [looking for help]

So the 3 funds that you suggested.. is there a minimum amount you have to invest? I thought there was a 10k minimum for admiral funds? Admiral shares at Vanguard have a $10,000 minimum. But the Investor shares are only a $3000 minimum. Vanguard Target Date funds only have a $1000 minimum. The Targe...
by TwstdSista
Sat Feb 17, 2018 5:25 am
Forum: Investing - Help with Personal Investments
Topic: Beginner Investor [looking for help]
Replies: 31
Views: 1964

Re: Beginner Investor [looking for help]

A traditional IRA is tax deferred -- you pay the taxes later. This is also considered tax advantaged. A Roth IRA is solely tax advantaged. The taxes have already been paid. A taxable account is usually referring to a brokerage account. But bank accounts and CDs are also taxable. You pay taxes on the...
by TwstdSista
Fri Feb 16, 2018 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: High earners need help with IRAs
Replies: 9
Views: 1212

Re: High earners need help with IRAs

Yes, you should be maxing all tax advantaged options available to you -- 401k and Roth IRA/Backdoor Roth. You should then be funding a taxable account. Read up on the 3 fund portfolio: https://www.bogleheads.org/wiki/Three-fund_portfolio And then post using this format: https://www.bogleheads.org/fo...
by TwstdSista
Fri Feb 16, 2018 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 6832

Re: Why paying off loans would be better than fully funding 401k?

You make terrible financial decisions and now the kid will have to delay college?
by TwstdSista
Fri Feb 16, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1652

Re: Investing vs paying off debt

Those interest rates are low enough to focus on investing. Are you both funding Roth IRAs (or backdoor Roths?) As for what to invest in -- we can't really help you without knowing more about your financial situation. See: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 Have you written an ...
by TwstdSista
Fri Feb 16, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Investor [looking for help]
Replies: 31
Views: 1964

Re: Beginner Investor [looking for help]

The reason why I was steering away from the TR funds is because I wouldnt be able to allocate my bonds into the tax advantaged account. (T ira). Am I missing something. Don't you want to put your stocks in the Roth and your bonds in the T ira? Yes, bonds are better off in a tax deferred account. Th...
by TwstdSista
Fri Feb 16, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my simple IRA. Investment options for my children?
Replies: 10
Views: 425

Re: Moving my simple IRA. Investment options for my children?

Re: transferring in-kind-- those funds might cost more (or less) to trade out of at either American Funds or the new institution. Just something to keep in mind should you want to reduce your fees along the way. I prefer Fidelity because there is a brick and mortar location nearby. I would also glad...
by TwstdSista
Fri Feb 16, 2018 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Requesting portfolio/investment advice
Replies: 20
Views: 1412

Re: Requesting portfolio/investment advice

If you'll need the money in five years: Vanguard New York Municipal Money Market Fund (VYFXX) ER 0.16% or Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) ER 0.19% Otherwise (per your desired asset allocation): Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) ER 0.04%...
by TwstdSista
Fri Feb 16, 2018 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Starting a new account
Replies: 6
Views: 504

Re: Starting a new account

Schwab might be best for you -- no minimums on:

Schwab Total Stock Market Index Fund (SWTSX) ER 0.03%
by TwstdSista
Thu Feb 15, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds Growth Fund vs Index
Replies: 9
Views: 715

Re: American Funds Growth Fund vs Index

RCL wrote:
Thu Feb 15, 2018 6:58 pm
...
Edit #2 I don't know why nisi posted about the AGTHX fund, I thought the OP was talking about GFACX
They appear to be the same fund -- different classes maybe? Although AGTHX has an ER of 0.64% and GFACX has an ER or 1.44%....
by TwstdSista
Thu Feb 15, 2018 6:13 pm
Forum: Personal Consumer Issues
Topic: Any Creative Ways to Cut the Cable?
Replies: 45
Views: 3640

Re: Any Creative Ways to Cut the Cable?

The husband and I are doing a free trial of YouTube TV right now, and we are really liking it. Everything seems to be available (and then some) for $35/month.
by TwstdSista
Thu Feb 15, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Need to restructure
Replies: 20
Views: 843

Re: Need to restructure

I have a spreadsheet I use -- modified from the spreadsheet BuckyBadger posted in the last post on this page: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=229857&start=100 Thank you! Would you mind sharing a template of your spreadsheet as well? I honestly don't know how to do that -- sorry!
by TwstdSista
Thu Feb 15, 2018 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Need to restructure
Replies: 20
Views: 843

Re: Need to restructure

I have a spreadsheet I use -- modified from the spreadsheet BuckyBadger posted in the last post on this page: viewtopic.php?f=10&t=229857&start=100
by TwstdSista
Thu Feb 15, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Organization - 33 yo - need advice
Replies: 20
Views: 2061

Re: Investment Organization - 33 yo - need advice

tturner2 wrote:
Thu Feb 15, 2018 1:55 pm
is the FID growth K with er0.75% a fund to stay away from?
Yes. An ER over .20% is generally not considered "good" on this forum. Keep costs low!
by TwstdSista
Thu Feb 15, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Organization - 33 yo - need advice
Replies: 20
Views: 2061

Re: Investment Organization - 33 yo - need advice

Okay, so the money has moved since the original post. I would take the time to figure out how much of your total portfolio, percentage-wise, is in each fund/position in each account (the total should add up to 100% overall). Read a lot of of threads here and you'll get the idea. And look into the ex...
by TwstdSista
Thu Feb 15, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Need to restructure
Replies: 20
Views: 843

Re: Need to restructure

Then: Roth 1 14.90% Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) ER 0.04% Roth 2 14.90% Vanguard Total International Market Index Fund Admiral Shares (VTIAX) ER 0.11% 401K -- not sure what is available here 10.03% total stock or s&p 500 fund ($35000) 20.06% bond fund ($70000) Joint ...
by TwstdSista
Thu Feb 15, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Need to restructure
Replies: 20
Views: 843

Re: Need to restructure

^ I also assumed only $100,000 of cash for investing, leaving the remaining $40,000 as an emergency fund.
by TwstdSista
Thu Feb 15, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Need to restructure
Replies: 20
Views: 843

Re: Need to restructure

Try to think of your portfolio as a single unit. Percentages add up to 100% of the whole. Here is a 70/30 sample with International consisting of 30% of equities (this assumes you are at Vanguard for taxable and Roth accounts): Roth 1 16.83% Vanguard Total Stock Market Index Fund Admiral Shares (VTS...
by TwstdSista
Thu Feb 15, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Investment Organization - 33 yo - need advice
Replies: 20
Views: 2061

Re: Investment Organization - 33 yo - need advice

"Index" is usually a good indicator of a low expense ratio. I'd look into: Blackrock Intl Eqty Index Trust -- international Blackrock Russell 1000 Index Trust -- 92% total stock market Blackrock Russell 2000 Index Trust -- 8% total stock market Blackrock Bond Index Trust -- bonds Where is the $25k i...
by TwstdSista
Thu Feb 15, 2018 4:36 am
Forum: Investing - Help with Personal Investments
Topic: Investment Organization - 33 yo - need advice
Replies: 20
Views: 2061

Re: Investment Organization - 33 yo - need advice

Thanks for the advice. Is there a reason to not put the same types of funds in my Roth as I have in my taxable account? Generally bonds should go in pre-tax (traditional) retirement accounts. Equities (stocks) in Roth and tax efficient equities in a taxable account. See: https://www.bogleheads.org/...
by TwstdSista
Thu Feb 15, 2018 4:24 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents Get Portfolio On Track
Replies: 5
Views: 588

Re: Helping Parents Get Portfolio On Track

Just a reminder that there will be trade fees to sell the funds with the FA. Those fees may be higher or lower at their current location vs. wherever there new location might be. You/They should research this to minimize costs.
by TwstdSista
Wed Feb 14, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help With a SEP-IRA
Replies: 3
Views: 187

Re: Need Help With a SEP-IRA

Vanguard Target Retirement 2035 Fund (VTTHX) ER 0.14%
Vanguard Target Retirement 2040 Fund (VFORX) ER 0.15%

Both excellent funds and you only need $1000 to invest. I suggest you pick one of these, and then keep reading and learning about investing!
by TwstdSista
Tue Feb 13, 2018 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage recommendation
Replies: 11
Views: 554

Re: Brokerage recommendation

I've been with Fidelity for 14 years -- no complaints! I'm very happy with my options and their customer service.
by TwstdSista
Tue Feb 13, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA contribution
Replies: 3
Views: 351

Re: Spousal IRA contribution

You do need to create a new IRA. But keep in mind you can still contribute for 2017 up through tax day this year.
by TwstdSista
Tue Feb 13, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Need help to plan portfolio
Replies: 26
Views: 1484

Re: Need help to plan portfolio

I agree -- a reasonable plan. I'm in real estate as well, and I also keep a large than needed emergency fund. Re: solo 401k vs. Tier 1 and Tier 2 savings. Keep in mind that pre-tax contributions to a solo 401k saves you on your tax bill. That savings can help boost other accounts. You have $500/mont...
by TwstdSista
Tue Feb 13, 2018 5:11 am
Forum: Investing - Help with Personal Investments
Topic: VGTSX and VEMAX a good pair?
Replies: 13
Views: 989

Re: VGTSX and VEMAX a good pair?

Got VTIAX but haven't check on it in a long time, saw that it's 3 stars in morning star now. Used to be 4 or 5 I think. Still good fund right? saw the dip thinking about buying more. Any other newer/similar/better funds out? VTIAX is a great fund. Passively managed funds tend to get a lower M* rati...