Search found 164 matches

by Windylotus
Fri Jan 03, 2020 11:27 am
Forum: Personal Investments
Topic: Made too much $ this year, already contributed to Roth IRAs, HELP!
Replies: 34
Views: 2697

Re: Made too much $ this year, already contributed to Roth IRAs, HELP!

Thank you all for your replies. Yes, I was not anticipating making this much this year. I'm just used to funding our Roths as soon as I can. I will definitely wait until the end of 2020 now to see where I'm going to be at financially. I'm not sure it's necessary to wait. I've thought about this as ...
by Windylotus
Thu Jan 02, 2020 10:54 pm
Forum: Personal Investments
Topic: Made too much $ this year, already contributed to Roth IRAs, HELP!
Replies: 34
Views: 2697

Re: Made too much $ this year, already contributed to Roth IRAs, HELP!

Can you roll your current pre-tax traditional IRA balances into 401ks? No, my solo 401k is with Vanguard and the downfall of having it there is no rollovers allowed. I moved my Solo 401k away from Vanguard when I needed to do an incoming rollover to enabled the backdoor. You may want to consider do...
by Windylotus
Thu Jan 02, 2020 10:31 pm
Forum: Personal Investments
Topic: Made too much $ this year, already contributed to Roth IRAs, HELP!
Replies: 34
Views: 2697

Re: Made too much $ this year, already contributed to Roth IRAs, HELP!

Can you roll your current pre-tax traditional IRA balances into 401ks? No, my solo 401k is with Vanguard and the downfall of having it there is no rollovers allowed. I moved my Solo 401k away from Vanguard when I needed to do an incoming rollover to enabled the backdoor. You may want to consider do...
by Windylotus
Thu Jan 02, 2020 7:43 pm
Forum: Personal Investments
Topic: Made too much $ this year, already contributed to Roth IRAs, HELP!
Replies: 34
Views: 2697

Re: Made too much $ this year, already contributed to Roth IRAs, HELP!

Thank you all for your replies. Yes, I was not anticipating making this much this year. I'm just used to funding our Roths as soon as I can. I will definitely wait until the end of 2020 now to see where I'm going to be at financially.
by Windylotus
Thu Jan 02, 2020 7:40 pm
Forum: Personal Investments
Topic: Made too much $ this year, already contributed to Roth IRAs, HELP!
Replies: 34
Views: 2697

Re: Made too much $ this year, already contributed to Roth IRAs, HELP!

I’d be interested to know how this goes for you. I don’t think you can convert to Roth at M1. May need to have them recharacterize, transfer the TIRA somewhere, convert, transfer back? I left M1 recently. MotoTrojan, I will report back how that goes with M1. Just curious, why did you leave M1? Can ...
by Windylotus
Thu Jan 02, 2020 2:49 pm
Forum: Personal Investments
Topic: Made too much $ this year, already contributed to Roth IRAs, HELP!
Replies: 34
Views: 2697

Re: Made too much $ this year, already contributed to Roth IRAs, HELP!

unclescrooge wrote:
Thu Jan 02, 2020 2:42 pm
How much could you deduct via a solo 401k or sep ira?
$34k solo 401k ($19k individual, $15k employer) I paid myself $65k in W2 wages in 2019. I'm an S-Corp
by Windylotus
Thu Jan 02, 2020 2:20 pm
Forum: Personal Investments
Topic: Made too much $ this year, already contributed to Roth IRAs, HELP!
Replies: 34
Views: 2697

Made too much $ this year, already contributed to Roth IRAs, HELP!

My wife and I both contributed the max to our 2019 Roth IRAs earlier this (last) year. My business had a better than expected year and my company netted $250k plus wife's $40+k salary. I just received this email from my accountant below: "As far as the Roths go I am pretty sure that your income will...
by Windylotus
Thu Dec 19, 2019 12:57 pm
Forum: Investing - Theory, News & General
Topic: Buying VTI December 2019
Replies: 46
Views: 2234

Re: Buying VTI December 2019

Right now I have a limit order in at $162.80 a share on Fidelity. Should I let it ride or just bite the bullet and do a market order? Just place your limit order like a cent or two above where VTI is trading. You will get filled right away (most likely) and still have the protection of the limit or...
by Windylotus
Wed Dec 18, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone here surviving without a credit card?
Replies: 85
Views: 4078

Re: Is anyone here surviving without a credit card?

Irenaeus wrote:
Wed Dec 18, 2019 1:09 pm
How difficult is it to survive without a credit card?
Haven't had a credit card for 10 years. Surviving just fine
by Windylotus
Thu Dec 12, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: How not to feel poor...
Replies: 78
Views: 12757

Re: How not to feel poor...

I have a net worth of 7 million at age 51 and FIRE and still hate to spend. Fear of bear markets, fear of running out. How to relax? Seriously?? Give me a break.... A great thing about this forum is that this could be 1. a complaint that this guy is obviously humble bragging 2. a complaint that thi...
by Windylotus
Thu Dec 12, 2019 1:55 am
Forum: Personal Finance (Not Investing)
Topic: How not to feel poor...
Replies: 78
Views: 12757

Re: How not to feel poor...

BGeste wrote:
Wed Dec 11, 2019 9:34 pm
I have a net worth of 7 million at age 51 and FIRE and still hate to spend. Fear of bear markets, fear of running out. How to relax?
Seriously?? Give me a break....
by Windylotus
Mon Dec 02, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Blended Family Estate Advice
Replies: 37
Views: 2544

Re: Blended Family Estate Advice

Thank you dm200. Very helpful and gives good food for thought. DW and I will talk more now on the subject.
by Windylotus
Mon Dec 02, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Blended Family Estate Advice
Replies: 37
Views: 2544

Re: Blended Family Estate Advice

I think any useful advice you may receive will need a bit more information. Did you and DW blend all your assets? Are there separate assets you wish to designate for separate children? Is there enough money overall to support the surviving spouse and also immediately benefit the first-to-die's chil...
by Windylotus
Mon Dec 02, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Blended Family Estate Advice
Replies: 37
Views: 2544

Blended Family Estate Advice

DW and I are finally getting around to putting a will together. This is long over due. We are empty nesters with five kids total. Three from me and two from her. As we talk about doing a will, the conversation seems to get more complex with a blended family. All our kids get along great and we are o...
by Windylotus
Sun Dec 01, 2019 10:22 am
Forum: Personal Investments
Topic: [How do I rebalance?]
Replies: 6
Views: 568

Re: [How do I rebalance?]

For the TSP, clink on the "interfund transfer" button on the left side of the home page. You can change your allocations around from there.
by Windylotus
Tue Nov 26, 2019 4:28 pm
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 67
Views: 6052

Re: Paul Merriman VG recommended emergency fund

Of course. No IRA distributions. Interest rates are low. We could always use tax exempt money market but we have tax exempt bond. Other choice is to really simplify and keep in checking and forget interest income. This makes sense abuss368. My thoughts around emergency funds are, it's not necessari...
by Windylotus
Tue Nov 26, 2019 4:19 pm
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 67
Views: 6052

Re: Paul Merriman VG recommended emergency fund

So if I was to invest in TSM in my taxable account monthly, would I then set up dividends and cap gains to go into my settlement fund? My thoughts behind this is reading about tax lots in the wiki and trying to keep things as simplified as possible for future tax loss harvesting. Any dividends or ca...
by Windylotus
Tue Nov 26, 2019 9:20 am
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 67
Views: 6052

Re: Paul Merriman VG recommended emergency fund

Keep it simple and keep all emergency funds in Prime Money Market and be done. I personally use high yield online bank for emergency fund, but vanguard prime is a good choice. This is what we have done. Prime money market fund and done. I assume you hold this in a taxable account for easy access? A...
by Windylotus
Mon Nov 25, 2019 4:27 pm
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 67
Views: 6052

Re: Paul Merriman VG recommended emergency fund

If you have told Vanguard to use Specific Identification, then the Vanguard web interface allows trivial selection of lots or partial lots to sell. So the answer to your question is: No, you do not have to call Vanguard. So I can purchase shares online, then have to call/email/snail mail Vanguard t...
by Windylotus
Mon Nov 25, 2019 4:22 pm
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 67
Views: 6052

Re: Paul Merriman VG recommended emergency fund

Does it matter either ETF's or mutual funds in taxable? Other then mutual funds don't trade until closing bell? Pros/Cons?
by Windylotus
Mon Nov 25, 2019 4:18 pm
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 67
Views: 6052

Re: Paul Merriman VG recommended emergency fund

So if I'm tracking the lots myself say via Excel spreadsheet, would I need to call Vanguard to sell lots? "Hey Vanguard, I would like to sell, xx amount of TSM shares purchased on xx date that I paid xx for, with a limit or market order of xx?" Meaning I can't do an online transaction? And just to c...
by Windylotus
Mon Nov 25, 2019 7:18 am
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 67
Views: 6052

Re: Paul Merriman VG recommended emergency fund

I certainly can't speak for anyone but myself, but I don't have a large enough emergency fund to incur a 50% market drop and implement this strategy through my 401(k) I will say that one has to start somewhere and at some time with a small amount, then add to it and grow it. So could you put $500 o...
by Windylotus
Sat Nov 23, 2019 9:33 pm
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 67
Views: 6052

Re: Paul Merriman VG recommended emergency fund

Total Stock Market for my emergency fund?? No thanks! I suspect you either didn't read the link or you read it and didn't understand it. But if I gave you $100,000 of Total Stock Market Index Fund to keep in your taxable account ONLY ON THE CONDITION that you kept no emergency fund in your taxable ...
by Windylotus
Sat Nov 23, 2019 9:06 pm
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 67
Views: 6052

Re: Paul Merriman VG recommended emergency fund

livesoft wrote:
Sat Nov 23, 2019 9:02 pm
Check it out: https://www.bogleheads.org/wiki/Placing ... ed_account

So to answer your question more directly: Vanguard Total Stock Market Index Fund
Total Stock Market for my emergency fund?? No thanks!
by Windylotus
Sat Nov 23, 2019 8:56 pm
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 67
Views: 6052

Paul Merriman VG recommended emergency fund

Paul recommends 3-6 months of living expenses in VMMXX Prime Money Market (.16) current 30-day SEC yield 1.75% Everything excess of 3-6 months of expenses, use VSCSX Short-Term Corporate Bond Index (.07) current 30-day SEC yield 2.2% My question is, most things I have read on Bogleheads is not to ho...
by Windylotus
Wed Nov 06, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage to prepay or not prepay
Replies: 83
Views: 7150

Re: Mortgage to prepay or not prepay

Where would you say the consensus is for Bogleheads who have maxed all tax advantaged accounts with 2019 tax laws for prepaying mortgage over taxable investing? Is it 50:50? 60:40 in one direction or another, etc? Regards, John John, I was literally asking myself a similar question a few weeks back...
by Windylotus
Mon Nov 04, 2019 9:51 pm
Forum: Personal Investments
Topic: Equal weight sector ETFs with SCV tilt?
Replies: 18
Views: 824

Re: Equal weight sector ETFs with SCV tilt?

SPYV - SPDR Portfolio S&P 500 Value ETF (ER 0.04%) Curious -- Paul Merriman recommends $RPV. Curious why you chose $SPYV? I actually hold them both. I have RPV in a Roth IRA in Paul's UBH portfolio and also SPYV in my TD Ameritrade HSA account which trades for free. Ah! What do you use for your cor...
by Windylotus
Mon Nov 04, 2019 9:37 pm
Forum: Personal Investments
Topic: Equal weight sector ETFs with SCV tilt?
Replies: 18
Views: 824

Re: Equal weight sector ETFs with SCV tilt?

mjuszczak wrote:
Mon Nov 04, 2019 9:32 pm
Windylotus wrote:
Mon Nov 04, 2019 9:27 pm
SPYV - SPDR Portfolio S&P 500 Value ETF (ER 0.04%)
Curious -- Paul Merriman recommends $RPV. Curious why you chose $SPYV?
I actually hold them both. I have RPV in a Roth IRA in Paul's UBH portfolio and also SPYV in my TD Ameritrade HSA account which trades for free.
by Windylotus
Mon Nov 04, 2019 9:27 pm
Forum: Personal Investments
Topic: Equal weight sector ETFs with SCV tilt?
Replies: 18
Views: 824

Re: Equal weight sector ETFs with SCV tilt?

SPYV - SPDR Portfolio S&P 500 Value ETF (ER 0.04%)
by Windylotus
Tue Oct 29, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: Is it normal for a contractor to require 50% payment up front?
Replies: 52
Views: 3990

Re: Is it normal for a contractor to require 50% payment up front?

I'm a general contractor and many smaller jobs <$50k I request half down. This secures a spot on my schedule for the client, allows me to order materials, and weeds out the non-serious clients who end up wanting to nit-pick down to the nickles and dimes of a project. This is not abnormal as some poi...
by Windylotus
Sat Sep 21, 2019 10:44 pm
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

Thank you snowman. Our HSA is through my wife's Federal job so, no ability to move it. Note that HSAs should be portable, even if employer and paycheck contributions need to go into a particular provider. One should be able to do a trustee to trustee transfer at any time, or a manual rollover once ...
by Windylotus
Sat Sep 21, 2019 8:33 pm
Forum: Personal Investments
Topic: First time investing
Replies: 14
Views: 972

Re: First time investing

I am self employed and single and I don't have 401k, I do have roth IRA and traditional IRA account, which I do contribute every year to a vanguard fund. Then you should open up a Solo 401k for your business, to which you can contribute $19k as an employEE, and up to 25% of business profits as empl...
by Windylotus
Sat Sep 21, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

I have not had any problem thus far having these market orders filled instantly when placed. Thats because ETF volume has no bearing on liquidity. vineviz, Could you please explain further. Isn't a greater number in volume make the fund more liquid? More volume = more traders? OP, you seem to be co...
by Windylotus
Sat Sep 21, 2019 10:45 am
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

vineviz wrote:
Sat Sep 21, 2019 10:39 am
Windylotus wrote:
Sat Sep 21, 2019 10:30 am

I have not had any problem thus far having these market orders filled instantly when placed.
Thats because ETF volume has no bearing on liquidity.
vineviz,

Could you please explain further. Isn't a greater number in volume make the fund more liquid? More volume = more traders?
by Windylotus
Sat Sep 21, 2019 10:38 am
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

This is the correct point. I have had several times that a careless market order on a lower-volume ETF would have cost a dollar or more per share, and it is still an issue with VSS (FTSE All-World Ex-US Small-Cap.). I see VSS volume is 64,656. I assume this in considered low volume? Would any fund ...
by Windylotus
Sat Sep 21, 2019 10:30 am
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

However, 99% of the time, market order is fine, as I only trade high volume index ETFs like VTI or VEA. I trade during hours, never before or after. If you don't pay for trades, you can even experiment with multiple trades, see how it works and become comfortable with it. For example, if the ETF tr...
by Windylotus
Fri Sep 20, 2019 1:02 pm
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

Marketable limit order. A limit order whose limit price is set either at or above the best “offer/ask” when buying or at or below the best bid when selling. This essentially accomplishes the same goal as a market order, but with some price protection. ETF trading best practices .... 1. In general, ...
by Windylotus
Thu Sep 19, 2019 11:09 pm
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

Just place a "marketable limit order". What that means is if something is trading at say $40.00, place a buy order at $40.02 or a sell order at $39.98, for example. It will get filled the same as a market order so most likely right at $40.00, but if something crazy should happen during those few se...
by Windylotus
Thu Sep 19, 2019 4:14 pm
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

I have been doing this for 20+ years. Yes, there are times when my limit order doesn't execute that day, and that's OK. I knew why I placed limit order, and I can always update it or cancel it or make a new one next day. However, 99% of the time, market order is fine, as I only trade high volume in...
by Windylotus
Thu Sep 19, 2019 6:57 am
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

I almost always use market orders when I sell securities. When buying securities, I usually use a “marketable limit order”: it’s a buy limit order with a limit price ABOVE the market price ( below for a sell). For example if I had $500 and wanted to buy an ETF which had a current price of $30, I’d ...
by Windylotus
Thu Sep 19, 2019 6:51 am
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

sd323232 wrote:
Thu Sep 19, 2019 6:20 am
Hsa account doesnt have margin, so if your trade exceeds your funds, order will not execute. Only brokerage accounts have margins.
sd323232
Thank you for the clarification
by Windylotus
Thu Sep 19, 2019 6:50 am
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Re: Market/Limit Orders

I placed market orders when the market is closed, that is, before the market opens for trading. Thank you livesoft. I was hoping you would chime in as I have read you talking about some of your orders before. So you place market orders before the opening bell? Are you not at the mercy of a chance o...
by Windylotus
Thu Sep 19, 2019 6:01 am
Forum: Investing - Theory, News & General
Topic: Market/Limit Orders
Replies: 56
Views: 3376

Market/Limit Orders

I understand the difference between the two but, are market orders that risky in this situation? Let me start by saying I have never placed a market order before the market opens for trading. Only after the open and usually after the first 30 minutes or so when the dust has settled a bit. This quest...
by Windylotus
Wed Aug 14, 2019 8:26 pm
Forum: Personal Investments
Topic: solo 401k management fees
Replies: 12
Views: 799

Re: solo 401k management fees

Just an FYI HomeStrech, I have a solo 401k at Vanguard and there are no (major) management fees however, they do charge $20 per fund for a year. So if you hold ten different funds, you'll have $200 in fees plus expense ratios.
by Windylotus
Fri Aug 02, 2019 8:52 am
Forum: Investing - Theory, News & General
Topic: New Best-in-Class ETF recommendations for Merriman Ultimate Buy & Hold Portfolio (March 2019)
Replies: 53
Views: 7962

Re: New Best-in-Class ETF recommendations for Merriman Ultimate Buy & Hold Portfolio (March 2019)

Should be renamed to Ultimate Busywork Portfolio I have to agree: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2019&lastMonth=12&calendarAligned=true&initialAmount=1000&annualOperation=1&annualAdjustment=1000&inflationAdjusted=false&ann...
by Windylotus
Sat Jul 27, 2019 11:43 pm
Forum: Personal Investments
Topic: Business Owner - Need Help w/ Mega Backdoor Roth
Replies: 13
Views: 827

Re: Business Owner - Need Help w/ Mega Backdoor Roth

Can someone please clarify for me, The $56k limit includes the $19k individual contribution max and the rest ($37k),is employer contributions? For a combined total of $56k for the 2019 year? Or is it $56k + $19k = $75k total max contributions allowed for the 2019 year? Thanks, just started my solo 4...
by Windylotus
Sat Jul 27, 2019 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Help understanding TSP match.
Replies: 9
Views: 655

Re: Help understanding TSP match.

tomwood wrote:
Sat Jul 27, 2019 4:57 am
If, for example, someone with a $100k salary does get a $5k match per year, can they invest $19k + $5k match, for a total of $24k invested in their TSP Annually?
Yes
by Windylotus
Wed Jun 12, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: New Federal employee ... Choosing Healthcare
Replies: 19
Views: 1602

Re: New Federal employee ... Choosing Healthcare

GEHA (HDHP) for the family. They contribute $150 per month to your HSA account.