Search found 76 matches

by luminous
Tue Jul 17, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Assessment
Replies: 11
Views: 1167

Re: Personal Finance Assessment

As another example, there was one forum (that I can't remember now) that people would post all of their financial info and people would chime in with thoughts and advice. Even something like that would be helpful. That would be a Portfolio Question post, there is more detail here: https://www.bogle...
by luminous
Sun Jul 15, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Grade my portfolio please, newbie here
Replies: 9
Views: 875

Re: Grade my portfolio please, newbie here

Hello and welcome! To get more of your bonds into the 401k, consider choosing a JP Morgan smart retirement fund that is for a different year. Perhaps 2030. This is what I've done to increase bond holdings in my tax-advantaged accounts and keep bonds out of my taxable account. Proposed portfolio: 55 ...
by luminous
Sat Jul 14, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Switching to Target Retirement Funds
Replies: 15
Views: 2141

Re: Thoughts on Switching to Target Retirement Funds

Thinking of this simple setup. The TSP 2050 is more conservative at 82/18 AA and VG 2050 is 90/10. Thinking out loud here but wouldn't I want the AA the same on both the TSP and VG funds? The VG 2040 is the closest with 85/15. Roth and SEP for mine and hers- VG TR 2050 401K (TSP) mine and hers- Lif...
by luminous
Fri Jul 13, 2018 8:06 am
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 112
Views: 13172

Re: Saving 20% of paycheck isn't enough

You seem to be mixing several things together. The standard rule of thumb to save 20% also assumes retiring at 65 and taking social security immediately. This scenario isn’t not uncommon for Americans overall. It should be no surprise that the standard rule of thumb is overly simplistic and doesn’t ...
by luminous
Fri Jul 13, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Switching to Target Retirement Funds
Replies: 15
Views: 2141

Re: Thoughts on Switching to Target Retirement Funds

I also have a mix of accounts including taxable, TSP, Roth, and 401ks. The total is just above $1M. I have opted for target date funds in the retirement accounts and Vanguard Total International plus Vanguard Total Stock Market in the taxable account. Target allocation is 45/25/30 US stock/internati...
by luminous
Thu Jul 12, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: What to do with "Extra" money:
Replies: 8
Views: 860

Re: What to do with "Extra" money:

Obvious choices are to increase donations or place it into our current allocation plan at appropriate percentages. Are there other suggestions? Those are great choices. You could also increase the down payment on the new home to have a smaller mortgage, unless you expect to be able to buy the small...
by luminous
Sat Jun 30, 2018 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Capital One Investing Changing to E-Trade - Anyone Moving?
Replies: 13
Views: 4115

Re: Capital One Investing Changing to E-Trade - Anyone Moving?

It turns out there is just enough time left to buy up some partial shares through the old Sharebuilder Plan and avoid some of this problem, so I'm doing that. There are a few high cost stocks where I own almost an entire share (for example .99 of a share). Buying up to slightly over a full share wil...
by luminous
Sat Jun 30, 2018 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Capital One Investing Changing to E-Trade - Anyone Moving?
Replies: 13
Views: 4115

Re: Capital One Investing Changing to E-Trade - Anyone Moving?

I'm pretty disappointed about the fractional share forced sales, avoiding that was the only reason I wasn't leaving Capital One before now. I too used Sharebuilder to learn more about investing, and these fractional share sales will result in some unwanted taxes. The "move or be moved" date is Augus...
by luminous
Tue Jun 26, 2018 2:00 am
Forum: Investing - Help with Personal Investments
Topic: Multiple mega-backdoor Roth 401k -> IRA conversions
Replies: 18
Views: 975

Re: Multiple mega-backdoor Roth 401k -> IRA conversions

Hello! Your plan makes sense, in that I don't see anything that isn't allowed. However, that is a lot of Roth and post-tax contributions and no tax deductible contributions. I don't know what your ultimate plans are for this money, but if you have that much income you might consider sheltering some ...
by luminous
Thu Jun 07, 2018 6:33 am
Forum: Investing - Help with Personal Investments
Topic: 401k Setup Advice/Guidance
Replies: 11
Views: 705

Re: 401k Setup Advice/Guidance

Welcome! There are many reasonable options as others have said. I personally think your initial choices are overly complex. I’d not bother with the 6% bonds at all, your time horizon is long and 6% bonds won’t make any difference to your returns and only serves to make your asset allocation more com...
by luminous
Wed Jun 06, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to figure out whether spouse should try to get 40 SS credit
Replies: 8
Views: 699

Re: Trying to figure out whether spouse should try to get 40 SS credit

Don’t forget about the work requirements for social security disability benefits: https://www.ssa.gov/planners/disability/qualify.html#anchor2 If your spouse isn’t working then you probably can’t insure them for disability on the private market, and they may not be eligible for social security disab...
by luminous
Tue Jun 05, 2018 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead Expertise Wanted (& Appreciated!)
Replies: 15
Views: 1740

Re: Boglehead Expertise Wanted (& Appreciated!)

IRA - $140k I have a rollover traditional IRA that I just moved to Vanguard. Currently its comprised of a bunch of stocks that my broker had picked for me; I plan to move that into Vanguard funds. I will contribute $5,500 into this in 2018; I do not qualify for a Roth IRA due to my income. This wil...
by luminous
Tue Jun 05, 2018 5:16 am
Forum: Investing - Help with Personal Investments
Topic: Beginning investor - guidance requested
Replies: 21
Views: 1938

Re: Beginning investor - guidance requested

Hello! I definitely agree that the first thing to focus on is maximizing your retirement tax shelters: 401k and Roth IRA. In your shoes I’d select a target date fund for all my retirement accounts (in fact that’s what I’ve done for real). For me the advantage of a target date fund is it strongly dis...
by luminous
Sun Jun 03, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 89
Views: 7569

Re: What is your Take Home Pay / Gross Pay ratio?

take home/gross = 37%

I am maxing out pre-tax 401k and mega backdoor Roth, and I have a small FSA contribution as well.
by luminous
Sat Jun 02, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Thanks Bogleheads - Mega Backdoor Roth FTW
Replies: 25
Views: 2388

Re: Thanks Bogleheads - Mega Backdoor Roth FTW

I'm also grateful to this forum for teaching me about the backdoor Roth and mega backdoor Roth. Just this year we tipped into backdoor Roth income territory, and I saw it coming and was able to move an old rollover IRA into my 401k in preparation. And my new employer offers all the right 401k option...
by luminous
Mon May 28, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Alternatives
Replies: 16
Views: 1598

Re: Emergency Fund Alternatives

My emergency fund is in individual $1000 I Bonds. I am not yielding over 5%, but I am keeping up with inflation and deferring taxes. They are all over a year old, and some are over 5 years old, so I could withdraw with no or minimal penalties. I count the balance towards the fixed income/bond portio...
by luminous
Sat May 26, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Please help with grocery budget
Replies: 51
Views: 4394

Re: Please help with grocery budget

Without knowing exactly how much of that $1300 is being spent on what it is hard to give guidance. The steak and seafood are expensive sources of protein and calories, consider having meat at fewer meals or reducing portion sizes to more of a side dish. Beans, quinoa, and cheese are less expensive p...
by luminous
Mon Apr 16, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Need help on short term investment
Replies: 2
Views: 266

Re: Need help on short term investment

Hello! Car: If you think you'll need money for a car in the next year you should absolutely keep that money in cash, money market account, or similar. Emergency Fund: I'd get specific about how much money you need for your emergency fund. 3-6 months worth of living expenses is typical, but it is a p...
by luminous
Fri Apr 13, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 6475

Re: Could you support family on 1 income?

In 2001, my wife and I were considering me becoming a SAHD (Stay At Home Dad). We figured that with the reduced childcare costs, we could just manage it, but we expected that we'd have to be aware of costs. Shortly afterwards, with the freedom to accept a business trip when necessary, with the free...
by luminous
Sun Apr 01, 2018 1:00 am
Forum: Personal Finance (Not Investing)
Topic: IRS free fillable form: confirmation of scheduled withdrawal?
Replies: 7
Views: 682

Re: IRS free fillable form: confirmation of scheduled withdrawal?

I don’t know of a way to double check, sorry. I assume you logged in again to see if the date shows up anywhere in the interface now. For what it is worth, I’ve been filing my federal taxes with IRS free fillable forms for years and when I owe the money alway is withdrawn on schedule. And of course ...
by luminous
Thu Mar 29, 2018 1:12 am
Forum: Investing - Help with Personal Investments
Topic: Freshly Minted Boglehead
Replies: 17
Views: 1382

Re: Freshly Minted Boglehead

Welcome to the forum! Thank you for your service. Your story was inspiring, and it sounds like you have things very well figured out for now.

I was surprised to see that you’ve already started a 529, but maybe kids aren’t too far off. I also liked BigOldBear‘s suggestions.
by luminous
Wed Mar 28, 2018 12:47 am
Forum: Personal Finance (Not Investing)
Topic: FERS refund form SF3106, how to fill out?
Replies: 4
Views: 544

Re: FERS refund form SF3106, how to fill out?

Sorry, I don’t know if interest only accrues after a year or not. The TSP form isn’t particularly onerous though. I called Vanguard today and they are having me mail them the entire SF3106 so they can fill out their section. I’ll have them mail it back to me then I’ll send the whole thing off to the...
by luminous
Tue Mar 27, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: FERS refund form SF3106, how to fill out?
Replies: 4
Views: 544

Re: FERS refund form SF3106, how to fill out?

Everything you've done so far makes sense to me. I'm about to do this myself, and am also wondering about the Vanguard portion of your questions.

You don't have to fill out the Payment Instructions or Direct Deposit sections.

This should be a tax free event.
by luminous
Thu Mar 08, 2018 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice!
Replies: 30
Views: 2397

Re: Seeking portfolio advice!

I did want to chime in to disagree with luminous's comment on the HSA: 2. We used HSA to pay for medical costs of birth/delivery of our first kid and plan to do so again for our second because we have so many monthly expenses (rent, childcare, parents, etc). I have read that many BH on the forum si...
by luminous
Wed Mar 07, 2018 12:58 am
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice!
Replies: 30
Views: 2397

Re: Seeking portfolio advice!

Thank you for answering all my questions, luminous! If you have children or if they were young at the time when you decided to put money for house down payment into the stock market, how has it been in your personal experience, practically and financially speaking? Have you thought about restarting...
by luminous
Tue Mar 06, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Just out of college, new job w/ 401k
Replies: 18
Views: 1577

Re: Just out of college, new job w/ 401k

Thanks for the replies so far everybody! I see a consensus so far to invest in the Vanguard international fund, and create my own Domestic fund through small/mid/large cap options. I will definitely be looking more into this and this is along the lines of what I had in mind. I do agree with you Nat...
by luminous
Tue Mar 06, 2018 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice!
Replies: 30
Views: 2397

Re: Seeking portfolio advice!

1. Since our previous house money is now in a Vanguard taxable account, we plan to leave it there for at least 4-5 years. If the market does well in 4-5 years and we find a well-suited house to buy, then we may withdraw from it for down payment. If no opportunity comes up or the account lose too mu...
by luminous
Mon Mar 05, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Just out of college, new job w/ 401k
Replies: 18
Views: 1577

Re: Just out of college, new job w/ 401k

Hello! Based on your young age I would invest all of your 401k money in Vanguard Total Stock Index (VTSNX) and reevaluate in a year or two. I don't think at this young age it is necessary to have any bonds at all, unless you feel like you are risk intolerant in which can you will probably want more ...
by luminous
Mon Mar 05, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting Profits
Replies: 3
Views: 512

Re: Protecting Profits

I also have some hobby shares and do not plan to put limit stop orders in myself. I would not relish the resulting tax bill! Of course that depends on what you bought at.
by luminous
Mon Mar 05, 2018 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Portfolio Please
Replies: 8
Views: 771

Re: Help with Portfolio Please

Hello and welcome! You have a lot going on. I notice you have a lot of cash, and some Real Estate funds and small cap. Lots of stuff! Do you have an emergency fund, is that the 28% cash? For simplicity it is hard to beat the three fund portfolio: total stock market, total international, total bond. ...
by luminous
Thu Mar 01, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: newbie asking for advice getting financial house in order...
Replies: 18
Views: 2650

Re: newbie asking for advice getting financial house in order...

I agree with Olemiss540. I’m not sure why your plan is to pay off the loan all at once but you will save money by paying it off as you have more money as Olemiss540 suggests. I would consider a Backdoor Roth now because $5500 isn’t much and you can’t go back in time and contribute when the loan is p...
by luminous
Tue Feb 27, 2018 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Newb looking for suggestions
Replies: 7
Views: 626

Re: Newb looking for suggestions

Hi there, welcome to the forum. What are your savings goals? For example, are you saving for your kids' college education, retirement, a different house, etc? If I had $100,000 in cash and all of my short term savings needs were covered, I would: * Maximize my 401k contributions for this year * Maxi...
by luminous
Tue Feb 27, 2018 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 15469

Re: How much cash do you keep at any time on checking?

2 months of expenses plus a sum that grows through the year and is contributed to the Roth IRAs each January.
by luminous
Sun Feb 25, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling in Traditional IRA to Employer-sponsored 401(k)
Replies: 7
Views: 628

Re: Rolling in Traditional IRA to Employer-sponsored 401(k)

I'd be careful about trying to do this for 2017. I believe the "value of all IRAs" date is December 31, so you may already be too late to avoid the pro rata rule for 2017.
by luminous
Sat Feb 24, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: Staying Motivated: How do you ward off hopelessness?
Replies: 59
Views: 7606

Re: Staying Motivated: How do you ward off hopelessness?

Pen to paper is definitely part of it for me. I do end of year/beginning of year “life review” exercises on paper for example. luminous...Do you use a spreadsheet? When you do this exercise, do you try to categorize things, like 'relationships', 'finances', 'health', etc? I try to think about my li...
by luminous
Fri Feb 23, 2018 10:31 am
Forum: Personal Consumer Issues
Topic: Help! Buying my first sofa/couch
Replies: 27
Views: 1748

Re: Help! Buying my first sofa/couch

I’m also a renter and had to unexpectedly give a couch to a friend once because it wouldn’t fit up the stairs to an apartment. I then bought an $800 couch from CB2 that we still have 9 years later. I concur with the modular idea, if they are to your liking. Delivery feels expensive but I say just fa...
by luminous
Fri Feb 23, 2018 7:04 am
Forum: Investing - Theory, News & General
Topic: Staying Motivated: How do you ward off hopelessness?
Replies: 59
Views: 7606

Re: Staying Motivated: How do you ward off hopelessness?

It took a few years but I came out the other side of it by creating an alternative narrative of success for myself. Write my own story, if you will. It was not easy, but it was empowering. In our case, there are real advantages to renting including an earlier retirement. luminous, please tell me mo...
by luminous
Thu Feb 22, 2018 11:53 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 39445

Re: What UN-frugal thing do you do?

Que1999 wrote:
Wed Feb 21, 2018 4:22 pm
..... Live in NYC. :|
Same, but San Francisco. Everything else my family does is pretty frugal in comparison.
by luminous
Tue Feb 20, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Staying Motivated: How do you ward off hopelessness?
Replies: 59
Views: 7606

Re: Staying Motivated: How do you ward off hopelessness?

I went through exactly this kind of hopelessness when it became clear that my spouse and I would never be able to buy a home (condo or single family home) in the city we live in. Because my spouse is unwilling to move, and I’m unwilling to divorce him, that makes us lifelong renters. It was a hard r...
by luminous
Wed Feb 14, 2018 1:05 am
Forum: Personal Finance (Not Investing)
Topic: C-Suite etiquette advise needed
Replies: 27
Views: 3968

Re: C-Suite etiquette advise needed

That's a tough one. Most luxury hotels will know exactly how to accommodate you. I'd find out which assistant is arranging the whole trip (possibly the CEO's assistant) and talk with them directly. Without excess apologizing, let them know that you'd like to ensure that your dietary needs are accomm...
by luminous
Wed Feb 14, 2018 12:58 am
Forum: Investing - Help with Personal Investments
Topic: Newbie / Vanguard initial investment
Replies: 7
Views: 662

Re: Newbie / Vanguard initial investment

Welcome to the forum! You didn't mention if you have access to a 401k at work. If you do, consider fully funding that and spending down a bit of your windfall if you need to in order to cover living expenses. Do you have a pension, low cost of living that will be covered by social security at 70, or...
by luminous
Tue Feb 13, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Savings Rate - Early Retirement
Replies: 13
Views: 1261

Re: Savings Rate - Early Retirement

That's a great savings rate, keep it up. 20 years is a long time, and many things can change between now and then. You could move, get married, have kids, become disabled, your income could triple, you might win the lottery, etc. Anytime you retire early you also have to think about the cost of medi...
by luminous
Mon Feb 12, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Lower Payroll Withholding - What are you doing with it?
Replies: 32
Views: 2636

Re: Lower Payroll Withholding - What are you doing with it?

I'm investing it into our taxable brokerage according to our IPS. I'm also switching jobs soon (with a pay raise), so I'm staying conservative with the increased investments until I have confidence in the new employer's withholding and my sense for what the 2018 tax bill will look like.
by luminous
Sat Feb 10, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 99
Views: 7078

Re: Live / work in California - Technology Career

At this point I suggest a forum like http://www.city-data.com/forum/ which specializes in this sort of discussion about moving to different cities and neighborhoods.
by luminous
Sat Feb 10, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover my Traditional IRA into my 401k so I can make backdoor Roth contributions?
Replies: 10
Views: 994

Re: Should I rollover my Traditional IRA into my 401k so I can make backdoor Roth contributions?

The items in the Con list are either hypothetical future-looking optimizations, or bad ideas (holding individual stocks in your IRA). Roll that sucker over so you can do a Backdoor Roth IRA.
by luminous
Sat Feb 10, 2018 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Reviewing my Asset Allocation
Replies: 13
Views: 969

Re: Reviewing my Asset Allocation

Hi Calygos! It is hard to give advice because I don't know your goals. At what age do you want to retire? How large a nest egg will you need? Are you currently on track? How much risk are you willing to take? I am guessing that you'd rather be able to contribute to VTSAX and VTIAX in your current 40...
by luminous
Sat Feb 10, 2018 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: new to the forum and eager for your advice
Replies: 8
Views: 796

Re: new to the forum and eager for your advice

1. Is it possible/a good idea to consolidate my retirement funds (TIAA 2040 target fund, Vanguard SEP IRA, Fidelity 2040 target fund)? If so, which would you consolidate into? I am like you luminous- thinking 70:30 asset allocation. Can I/should I consolidate all three into Vanguard 2030? It looks ...
by luminous
Sat Feb 10, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 127
Views: 13064

Re: Anybody else Age - 10 in bonds, rest in stocks

Age: 41 (spouse 33)
Stock: 70
Bonds: 30 (includes emergency fund in I Bonds)
by luminous
Fri Feb 09, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: new to the forum and eager for your advice
Replies: 8
Views: 796

Re: new to the forum and eager for your advice

Hello and welcome! The target date retirement funds are a great choice. I'm your age but am using the Vanguard 2030 fund because they are closer to my target asset allocation of 70:30 stock:bond. 3. A 403b plan I am currently contributing 8% into to max employer contribution at Fidelity (also target...
by luminous
Fri Feb 09, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 99
Views: 7078

Re: Live / work in California - Technology Career

LiveSimple wrote:
Fri Feb 09, 2018 9:27 am
Looking for most desirable and have the best weather.
I’m afraid that’s too vague a question. Most desirable place for me and you will likely be different, and you haven’t told us what you value in where you live.