Search found 160 matches

by boglewill34
Fri Mar 22, 2019 11:06 am
Forum: Investing - Theory, News & General
Topic: 10 Year/3 Month Treasuries Inversion
Replies: 100
Views: 8961

Re: 10 Year/3 Month Treasuries Inversion

I'll follow mortgage rates and maybe refinance. Circumstantially I can't now.
I'll keep looking at one ultra short duration bond etf that I've been considering investing in to see where it goes vs cash.
I will strongly consider converting pre-tax to Roth if there is a resultant strong bear market.
by boglewill34
Wed Mar 20, 2019 10:42 am
Forum: Personal Investments
Topic: 529 plan question: When did you change to more conservative AA?
Replies: 36
Views: 2082

Re: 529 plan question: When did you change to more conservative AA?

We are in the NY 529 aggressive age-based option, 3 kids ages 9, 11, 11. Right or wrong, I consider the 529s as separate from our AA, as I view it as mostly not our money, but the kids' money. The 11 yo's glide path has already settled on fewer equities than earlier in the plan, and for this I have...
by boglewill34
Wed Mar 20, 2019 9:12 am
Forum: Personal Investments
Topic: 529 plan question: When did you change to more conservative AA?
Replies: 36
Views: 2082

Re: 529 plan question: When did you change to more conservative AA?

We are in the NY 529 aggressive age-based option, 3 kids ages 9, 11, 11. Right or wrong, I consider the 529s as separate from our AA, as I view it as mostly not our money, but the kids' money. The 11 yo's glide path has already settled on fewer equities than earlier in the plan, and for this I have...
by boglewill34
Wed Mar 20, 2019 8:31 am
Forum: Personal Investments
Topic: 529 plan question: When did you change to more conservative AA?
Replies: 36
Views: 2082

Re: 529 plan question: When did you change to more conservative AA?

We are in the NY 529 aggressive age-based option, 3 kids ages 9, 11, 11. Right or wrong, I consider the 529s as separate from our AA, as I view it as mostly not our money, but the kids' money. The 11 yo's glide path has already settled on fewer equities than earlier in the plan, and for this I haven...
by boglewill34
Mon Mar 18, 2019 10:45 am
Forum: Personal Investments
Topic: What 457b company? Lost!
Replies: 39
Views: 1850

Re: What 457b company? Lost!

One thing about the Roth 457b is, if one takes early withdrawals before 59.5, those withdrawals from a Roth 457b are taxable. https://financegourmet.com/blog/retirement/how-to-use-roth-457-plans/ In LE or FF, folks often retire in their early or mid 50's. They may or may not need to withdraw from t...
by boglewill34
Sun Mar 17, 2019 9:30 am
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 8403

Re: Am I being cheap? Wife wants a minivan, but I want to hold off

Notwithstanding active safety features, of which there have been numerous improvements in the intervening years. From a vehicle dynamics standpoint the CRV is much more likely to be unstable and/or roll over in an accident avoidance maneuver than the minivan. Buy the minivan.
by boglewill34
Sat Mar 16, 2019 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Time to Buy Another Car - New/Used & Financing Question
Replies: 8
Views: 1019

Re: Time to Buy Another Car - New/Used & Financing Question

The only zero percent financing you’ll get is from the factory on a new car. I’ve been seeing in the 2-3% range at my credit union, depending on term, and they will finance later model used cars at the upper end of that range as well. I’d go used, as the depreciation on a car is at its maximum very ...
by boglewill34
Sat Mar 16, 2019 1:33 pm
Forum: Personal Investments
Topic: Should I borrow from my emergency fund to max out my ROTH IRA
Replies: 22
Views: 1100

Re: Should I borrow from my emergency fund to max out my ROTH IRA

I’d say definitely yes. In fact, I raided our cash reserves to fund a retirement account, in our case to put toward a deductible tIRA for 2018.
by boglewill34
Tue Mar 12, 2019 9:22 am
Forum: Investing - Theory, News & General
Topic: Is buying only assets with "tickers" a good Boglehead "rule"?
Replies: 23
Views: 1623

Re: Is buying only assets with "tickers" a good Boglehead "rule"?

All the best/cheapest funds in my 457 plan are CITs, so... :)
by boglewill34
Mon Mar 11, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Lowest Tax Possible
Replies: 46
Views: 4311

Re: Lowest Tax Possible

I forgot the include the inputs I entered into the calculator: I want to make sure I'm entering the right amount for 'Total plans and cafeteria'. Are these the total projected deductions for our medical plans + FSA? Filing Status: joint Someone else can claim you as a dependent: no Number of jobs: ...
by boglewill34
Fri Mar 08, 2019 4:20 pm
Forum: Personal Investments
Topic: 403b Question
Replies: 10
Views: 950

Re: 403b Question

VINIX looks very good here. I'd make sure to get at least the employer match with that fund, then depending on additional amounts that you'll put in and income levels, etc, you can contribute to an IRA outside of this plan to round out your asset allocation with low ER funds.
by boglewill34
Fri Mar 08, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: When were you able to max out your 401k, IRAs?
Replies: 69
Views: 5438

Re: When were you able to max out your 401k, IRAs?

Age 45 here, we will max wife’s IRA for 2018 next week (!) between Roth and tira. First ever max of any retirement vehicle. For 2019 we will both likely max our individually held IRAs and I should be able to fill about half my 457. Then when our very old tax debt is cleared we should have no problem...
by boglewill34
Sun Mar 03, 2019 12:06 pm
Forum: Personal Investments
Topic: Starting over at 28 and need a plan going forward
Replies: 23
Views: 3041

Re: Starting over at 28 and need a plan going forward

I’m 45 and started over at around 41 with a ton of debt. I have every reason to be positive at this point, and you can too. Looks like you are in the 12% bracket, yeah max Roth if you can as long as you are there. Work on your career and getting them to set up some sort of IRA, you’ll be in good sha...
by boglewill34
Thu Feb 28, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: after tax money in traditional IRA and convert to Roth?
Replies: 18
Views: 732

Re: after tax money in traditional IRA and convert to Roth?

azianbob wrote:
Thu Feb 28, 2019 2:12 pm
You can open an IRA regardless if you have a 401k or not. Just be sure when you contribute you select non-deductible.
I don't know unequivocally, but I don't think there's anything to select for deductible or non-deductible on a tIRA account. AFAIK the selection comes at tax filing time.
by boglewill34
Tue Feb 26, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Lowest Tax Possible
Replies: 46
Views: 4311

Re: Lowest Tax Possible

Google search for ADP Paycheck calculator. You can put in different allowances to model different results, I’ve found the output matches real paychecks within less than a dollar error if you put the variables in correctly. It does state withholding correctly too.
by boglewill34
Tue Feb 26, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Lowest Tax Possible
Replies: 46
Views: 4311

Re: Lowest Tax Possible

You can only put $6000 total into a Traditional IRA plus Roth IRA (per person). So you could do $3000 in Traditional and $3000 in Roth, for instance. Traditional IRA contributions reduce current taxable income. Wow, I’m glad I read this and verified. I did not know this, and would definitely have b...
by boglewill34
Sat Feb 23, 2019 4:33 pm
Forum: Personal Investments
Topic: 457 pre-tax or Roth, with 0% CURRENT tax rate
Replies: 8
Views: 485

Re: 457 pre-tax or Roth, with 0% CURRENT tax rate

I think you should contribute enough to pretax over the next five years to offset your expected year six income from the 22% bracket, but no more. Currently, NOL offsets income taxed at every level, but there is nothing you can do to prevent offsetting the 10% and 12% brackets. You are already tryi...
by boglewill34
Fri Feb 22, 2019 4:02 pm
Forum: Personal Investments
Topic: 457 pre-tax or Roth, with 0% CURRENT tax rate
Replies: 8
Views: 485

Re: 457 pre-tax or Roth, with 0% CURRENT tax rate

Have you looked at how the kids influence your taxes? Three kids adds CTC * 3, or up to $6k (if under age 17) tax credit. A good portion of that can be refundable. Any way to be eligible for EITC (no idea how NOL interacts with EITC, but that AGI level might be eligible for $6k+ refundable credits)...
by boglewill34
Fri Feb 22, 2019 2:13 pm
Forum: Personal Investments
Topic: 457 pre-tax or Roth, with 0% CURRENT tax rate
Replies: 8
Views: 485

Re: 457 pre-tax or Roth, with 0% CURRENT tax rate

In thinking about this a bit more deeply as a function of time. It's not that I'd be deferring the money into the 22% space by putting it in now pre-tax, I'd be deferring it into the future effective tax rate space, which at today's rates would be 7-8%. Put another way, to give round numbers if I pu...
by boglewill34
Fri Feb 22, 2019 1:59 pm
Forum: Personal Investments
Topic: 457 pre-tax or Roth, with 0% CURRENT tax rate
Replies: 8
Views: 485

Re: 457 pre-tax or Roth, with 0% CURRENT tax rate

petulant wrote:
Fri Feb 22, 2019 1:55 pm
Is there a time limit on using the NOL?
It is limited to 20 years, I started using it in 2015 after waiving carry back. You do however have to consume it against current income, ie you can't waive using it while it is in existence.
by boglewill34
Fri Feb 22, 2019 1:47 pm
Forum: Personal Investments
Topic: 457 pre-tax or Roth, with 0% CURRENT tax rate
Replies: 8
Views: 485

457 pre-tax or Roth, with 0% CURRENT tax rate

Obviously this would be a no-brainer if it were as simple as 0% tax rate. However, my effective tax rate is 0% due to a net operating loss carryforward, so the real question is whether I should extend my available time period of 0% tax rate by filling pre-tax space or take full advantage of the curr...
by boglewill34
Thu Feb 21, 2019 2:51 pm
Forum: Personal Investments
Topic: More tax efficient place for Emergency Fund?
Replies: 25
Views: 3449

Re: More tax efficient place for Emergency Fund?

I've been attracted to short term treasury funds that are less volatile than the intermediate term ones but are likewise a cheap way to have a treasury ladder that preserves the liquidity of a fund. At Vanguard for investor shares also $3k minimum it would be VFISX, .2% ER and current yield is 2.37%...
by boglewill34
Thu Feb 21, 2019 12:02 pm
Forum: Personal Investments
Topic: Eliminate my emergency fund?
Replies: 90
Views: 7065

Re: Eliminate my emergency fund?

For me, I think instances for real emergency in ranked order of likelihood would be: major car repair, moderate home repair needs like a fridge, hvac or washer, large dental bill like cap, crown or root canal, and then job furlough, we are both on state payroll, but in vastly different agencies. We ...
by boglewill34
Wed Feb 20, 2019 11:57 am
Forum: Personal Investments
Topic: No emergency fund?
Replies: 51
Views: 4214

Re: No emergency fund?

Have a large mortgage, job at risk, 3 kids nearing college age and a rather small but aggressively invested portfolio? You probably should have a decent E fund. Problem is in this very scenario, if you are anywhere near the realm of getting some college financial aid, a large e-fund will raise your...
by boglewill34
Thu Feb 07, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: FreeTaxUSA.com now has 2018 Return available.
Replies: 41
Views: 5122

Re: FreeTaxUSA.com now has 2018 Return available.

I'm thrilled to learn via this thread that ftusa has been available well before the new year in the past. I had been wondering when it would likely be available next year for end of year modelling. I found it to be the best among the 3-4 different prep software that I tried this year. Not having to ...
by boglewill34
Thu Feb 07, 2019 7:43 am
Forum: Personal Investments
Topic: Another mortgage payoff question
Replies: 34
Views: 2261

Re: Another mortgage payoff question

It’s worth remembering that ibond can be cashed in tax free if used for qualified educational expenses. Not sure if that applies to the OP, but this would be a very big consideration for many.
by boglewill34
Wed Feb 06, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Contribute To A Roth, Even If It Bumps Me Up To The Next Tax Bracket?
Replies: 25
Views: 3179

Re: Should I Contribute To A Roth, Even If It Bumps Me Up To The Next Tax Bracket?

This discussion makes me consider that perhaps I should contribute to tIRA for my spouse and standard 457b for me and then preserve the option to convert at the end of the year when all tax considerations are more settled.
by boglewill34
Thu Jan 31, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: FINAL K1, capital acct vis 1231
Replies: 3
Views: 249

Re: FINAL K1, capital acct vis 1231

First, your numbers don't add up. If beginning capital of $550K was reduced by $540K of taxable losses and $15k distributed to you, then ending capital should be negative $5K not positive $5K. Negative $5K would create a capital gain, positive $5K a capital loss. Capital losses can be used to offse...
by boglewill34
Thu Jan 31, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: FINAL K1, capital acct vis 1231
Replies: 3
Views: 249

FINAL K1, capital acct vis 1231

A few years ago I got the final K1 for a partnership that I was active in. We closed the partnership and got the final K1, which was done by preparer A. From that year until last, I've gotten my personal taxes done by preparer B. This year I may do my own taxes, but want to understand things that we...
by boglewill34
Wed Jan 30, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax vs. H&R Block
Replies: 50
Views: 3479

Re: Turbo Tax vs. H&R Block

As a follow up: This is my first year in 13 years that I am looking for a tax program as I previously used tax practitioner software. I tested and entered our information at: 1) Turbo Tax 2) H&R Block 3) Free Tax USA I was previously familiar with Turbo Tax and H&R Block. Both programs appeared sim...
by boglewill34
Wed Jan 30, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Roth conversion problem on tax return
Replies: 5
Views: 653

Re: 1099-R Roth conversion problem on tax return

I enlisted the help on FreeTaxUSA chat. The suggestion I got from the rep was to omit/make zero the taxable distribution amount from the input box for the 1099-R box 2A, and then keep the 'converted to Roth amount' filled in on the next section as the full amount 9672. It gets beyond the error messa...
by boglewill34
Wed Jan 30, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: 1099-R Roth conversion problem on tax return
Replies: 5
Views: 653

Re: 1099-R Roth conversion problem on tax return

I did a quick mock up in HRBlock Desktop 2018 and it worked fine. The conversion came across as taxable. Thanks for doing that! As I posted above, it looks like TurboTax Online passes that conversion as taxable. I'm not decided yet whether I want to proceed with TT or try to work through FreeTaxUSA...
by boglewill34
Wed Jan 30, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: 1099-R Roth conversion problem on tax return
Replies: 5
Views: 653

Re: 1099-R Roth conversion problem on tax return

Could be a software bug, The 1099R form is correct. Surprisingly, a 1099R for an IRR (what you did) and a direct rollover to your Roth IRA are identical. Therefore, the only way the IRS knows if the funds went to your Roth IRA is when the Roth IRA custodian issues a 5498 for a rollover contribution...
by boglewill34
Tue Jan 29, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Roth conversion problem on tax return
Replies: 5
Views: 653

1099-R Roth conversion problem on tax return

My 1099-R for a 457B to Roth 457B conversion isn't passing to my return correctly if input as it was sent to me. I'm using FreeTaxUSA, but the same problem seems to persist when I try to mock it up in H&R Block free web version. These funds were rolled from a traditional IRA (liquidated assets) into...
by boglewill34
Tue Jan 29, 2019 6:54 am
Forum: Personal Investments
Topic: Treasury/Bond Strategy
Replies: 4
Views: 762

Re: Treasury/Bond Strategy

SCHO is the Schwab short term treasury ETF. Ideally it would not ever have “juicy returns.” It would generally be used for liability matching vs time or capital preservation with yield like a long t-bill. I have a little bit of its mutual fund equivalent for part of my emergency fund, it’s like a di...
by boglewill34
Sun Jan 27, 2019 10:34 am
Forum: Personal Investments
Topic: Sell the business or stay the course?
Replies: 42
Views: 3000

Re: Sell the business or stay the course?

1X revenue is a very common starting point in business sale valuations. Profit is driven in large part by management, OP has very likely run a very tight ship and some buyers may not have the ability, desire or even need to do the same. If the terms are very favorable for OP, such as “here’s a bank...
by boglewill34
Sun Jan 27, 2019 10:23 am
Forum: Personal Investments
Topic: Sell the business or stay the course?
Replies: 42
Views: 3000

Re: Sell the business or stay the course?

1X revenue is a very common starting point in business sale valuations. Profit is driven in large part by management, OP has very likely run a very tight ship and some buyers may not have the ability, desire or even need to do the same. If the terms are very favorable for OP, such as “here’s a bank ...
by boglewill34
Sun Jan 27, 2019 8:05 am
Forum: Personal Investments
Topic: Sell the business or stay the course?
Replies: 42
Views: 3000

Re: Sell the business or stay the course?

I had a business that me and a partner bought when it was doing 3M yearly revenue, and went quickly to over 8M rev. It didn’t scale well, at all, and was just as quickly back to 3M and cash flow negative. We liquidated the very few assets it had left (service business) and I was nearly bankrupt. If ...
by boglewill34
Fri Jan 25, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Budget Help Please
Replies: 21
Views: 1627

Re: Budget Help Please

I spend $500-600 max on groceries a month, for a family of 5. $800 for 2 people should be like almost 2x what you should need.
by boglewill34
Fri Jan 25, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Your Thoughts on Gov Shutdown for Gov Workers
Replies: 25
Views: 1510

Re: Your Thoughts on Gov Shutdown for Gov Workers

FoolMeOnce wrote:
Fri Jan 25, 2019 11:35 am
You are asking people to come judge those living paycheck-to-paycheck. I don't think this thread will last long.
Seriously, this thread should be deleted.
by boglewill34
Wed Jan 23, 2019 3:43 pm
Forum: Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 74
Views: 3912

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

One thing I discovered (and rediscovered today) during my Spec Lot trials w/ Schwab. Don't talk to the reps who answer or the brokers they transfer you to. Ask to speak to the Cost Basis group.... they seem to know more about the specifics. Did you learn anything different than what's in this thread?
by boglewill34
Wed Jan 23, 2019 10:18 am
Forum: Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 74
Views: 3912

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

When I set the Cost Basis to “Specific ID” it only applied to shares purchased afterwards. Shares purchased before were still shown at “Average Cost”. I called Fidelity and their cost basis team manually corrected the basis for shares purchased before to reflect the actual, rather than average, pur...
by boglewill34
Sun Jan 20, 2019 10:33 am
Forum: Personal Investments
Topic: Ny 457 plan: bond index fund or stable fund
Replies: 21
Views: 1106

Re: Ny 457 plan: bond index fund or stable fund

With a crediting rate of only 2.35% on the stable value fund, I would prefer the Debt Index fund. Even Vanguard's Prime Money Market has a higher yield (about 2.5%). Agree with you on these numbers as of today, but SV has been at that rate for if I’m remembering correctly all of the past year, wher...
by boglewill34
Sun Jan 20, 2019 8:06 am
Forum: Personal Investments
Topic: Ny 457 plan: bond index fund or stable fund
Replies: 21
Views: 1106

Re: Ny 457 plan: bond index fund or stable fund

I’m not competent to give an opinion on the NYSDCP Stable Value fund vs their bond fund. Here are some links that should help make the decision: Bond fund info: https://www1.ny c .gov/assets/olr/downloads/pdf/shared/bond-fund-profile.pdf Krow36 the link above is for the New York City Deferred Compe...
by boglewill34
Sat Jan 19, 2019 10:01 pm
Forum: Personal Investments
Topic: Ny 457 plan: bond index fund or stable fund
Replies: 21
Views: 1106

Re: Ny 457 plan: bond index fund or stable fund

I hold both, equalized amounts in both in the Spring of 2018 and have been contributing exactly equal amounts to both since. In the last 45 days or so the bond fund outstripped the value to the stable fund, just a small amount maybe a tenth or two of a percent. I think over a long or very long horiz...
by boglewill34
Fri Jan 18, 2019 2:30 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 953
Views: 67406

Re: My trend following strategy and experience

So to confirm, you rotate OUT of stocks when both signals turn 'on.' And then rotate back IN to stocks when ONE (or both) of the signals turn back off? And you check the signals once per month, or on some non-daily schedule? I've been interested in what you were doing for as long as I first read you...
by boglewill34
Fri Jan 18, 2019 2:03 pm
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 265
Views: 29098

Re: What is your overall portfolio weighted expense ratio

Around .05%. Most of that is due to international and EM. The CITs in my 457 for US equities and bond fund are all .01-.02%.
by boglewill34
Wed Jan 16, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 619
Views: 60167

Re: Why are your NOT buying rental properties?

Definitely not willing to hustle. Had a duplex once, then concurrently had a real fixer-upper in the country. Made great money on the fixer and bought the current house. The current house has appreciated MAYBE 3-5% in the 14 years(!) we've owned it, and it is in a great suburban neighborhood very cl...
by boglewill34
Wed Jan 16, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Boost Emergency Fund or Pay Down Debt?
Replies: 13
Views: 1015

Re: Boost Emergency Fund or Pay Down Debt?

Do a quick internet calculator on the total interest cost of the auto note. You’ll find the total of interest cost is pretty low, the peace from expanding the EF will be easily worth it. You’ll soon be able to pay down the car loan anyway, it won’t take long at that rate to bulk up the EF.
by boglewill34
Tue Jan 15, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1052
Views: 293156

Re: Share your net worth progression

Thanks to this thread, I realize that I am in the positive at least! We were probably negative for a few years 2012-2015. This is net of home equity and includes money in the kids' 529. Doesn't include cars, they are negligible.
1/2018-$92k
1/2019-$115k

Goal for end of 2019 is $175k...