Search found 186 matches

by luminous
Thu May 28, 2020 11:37 am
Forum: Investing - Theory, News & General
Topic: “WHEN YOU'VE WON the game, stop playing with the money you really need.”
Replies: 231
Views: 17121

Re: “WHEN YOU'VE WON the game, stop playing with the money you really need.”

...Cash will lose value over time to inflation... Not really. This is a common rhetorical ploy to convince people to put their money at risk, but it involves playing with the meaning of the word "cash." If "cash" means a competitive interest-earning account, it probably doesn't. If "cash" literally...
by luminous
Wed May 27, 2020 8:31 am
Forum: Investing - Theory, News & General
Topic: “WHEN YOU'VE WON the game, stop playing with the money you really need.”
Replies: 231
Views: 17121

Re: “WHEN YOU'VE WON the game, stop playing with the money you really need.”

Cash will lose value over time to inflation, but the other options all sounds reasonable. Depends on your time horizon and how you’ll use the money if time.
by luminous
Tue May 26, 2020 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 235
Views: 11467

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Me and SO make 450K before taxes and we have a kid who will soon hit the age for preschool/school. The public school in our district is not very good for elementary so it's not an option. What do you want your child to get out of elementary school? What does "not very good" mean to you? I think the...
by luminous
Sun Apr 26, 2020 10:56 pm
Forum: Investing - Theory, News & General
Topic: Best Upcoming Time to Lump Sum Into Market
Replies: 17
Views: 1452

Re: Best Upcoming Time to Lump Sum Into Market

To your question: -Q1 GDP report this Wednesday April 29 -Monthly unemployment report for April comes out next Friday May 8 These have the potential to be market-movers depending on whether the numbers beat or miss expectations. Thanks, exactly what I was looking for. Any thoughts on which way they...
by luminous
Sat Apr 18, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 6825

Re: $1M home purchase - can we afford it?

If a couple making $340k a year can't afford a TWO THOUSAND SQUARE FOOT HOUSE there's something seriously wrong. I mean, thats tiny. There may be something seriously wrong though. We lived in 1300 with 1 bathroom and 2 kids for a decade. Most generations before the current lived in even less. Peopl...
by luminous
Wed Apr 15, 2020 11:02 pm
Forum: Investing - Theory, News & General
Topic: 50 Years of Investing in the World
Replies: 45
Views: 4808

Re: 50 Years of Investing in the World

Thank you for your analysis and thoughtful writeup. I found it really helpful.
by luminous
Mon Apr 13, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Nuances on Mega Backdoor Roth IRA
Replies: 2
Views: 186

Re: Nuances on Mega Backdoor Roth IRA

Hello all, I’ve been thinking about the Mega Backdoor Roth IRA a lot lately because my workplace is trying to set up a 401k plan that permits it. I was trying to explain the Mega Backdoor Roth IRA to a couple of friends who might be in a position to take advantage of it. When answering their questi...
by luminous
Fri Mar 20, 2020 8:48 pm
Forum: Personal Investments
Topic: Rebalancing Today - Saw Bonds are being sold off - Should I wait?
Replies: 48
Views: 3096

Re: Rebalancing Today - Saw Bonds are being sold off - Should I wait?

P.S. I don't know how you guys can handle this so well. Lost about $120k so far (don't know the exact amount 'cause I am afraid to look) I’ve lost about $500,000. It stings, but I feel confidence in my asset allocation and general investment plan. Since I’m not retired yet I’m mostly disappointed t...
by luminous
Wed Mar 18, 2020 8:24 pm
Forum: Personal Investments
Topic: Rebalancing Today - Saw Bonds are being sold off - Should I wait?
Replies: 48
Views: 3096

Re: Rebalancing Today - Saw Bonds are being sold off - Should I wait?

P.S. I don't know how you guys can handle this so well. Lost about $120k so far (don't know the exact amount 'cause I am afraid to look) I’ve lost about $500,000. It stings, but I feel confidence in my asset allocation and general investment plan. Since I’m not retired yet I’m mostly disappointed t...
by luminous
Wed Mar 18, 2020 8:50 am
Forum: Personal Investments
Topic: Rebalancing Today - Saw Bonds are being sold off - Should I wait?
Replies: 48
Views: 3096

Re: Rebalancing Today - Saw Bonds are being sold off - Should I wait?

I can only tell you that I hit the rebalance button yesterday. Sure, bonds are a bit down but stocks are way down. I felt comfortable doing this rebalance.
by luminous
Wed Mar 18, 2020 12:03 am
Forum: Forum Issues and Administration
Topic: Giving thanks to our moderators
Replies: 91
Views: 4975

Re: Giving thanks to our moderators

To some people, the "strictness" of this board is a turn off. I welcome it as I come here for a purpose. Financial knowledge. Other boards are out here for people's other enjoyments. Thank you Mod team, Admins, Advisors, & everyone else involved. Please stay as diligent going forward as it has alwa...
by luminous
Tue Mar 17, 2020 11:59 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 492
Views: 41843

Re: The Calm Post - Stay the course thread.

FWIW, I just rebalanced $56k out of TBM and into total stock market and total international stock market to bring my AA back to target. I had hit rebalance bands a few days ago, just got around to it today. Stay the course. Same, just rebalanced out of Total Bond Market into Total Stock Market. I'v...
by luminous
Tue Mar 10, 2020 7:04 pm
Forum: Forum Issues and Administration
Topic: Did I break the forum?
Replies: 4
Views: 1002

Re: Did I break the forum?

The post you linked to looks fine to me.
by luminous
Sun Mar 08, 2020 11:53 pm
Forum: Personal Investments
Topic: Best Retirement Calculators
Replies: 5
Views: 821

Re: Best Retirement Calculators

I recently got Maxifi Planner and I'm pretty happy with it. It can handle taxes, scenario comparison, and has a monte carlo simulator.
by luminous
Sun Mar 08, 2020 10:07 am
Forum: Investing - Theory, News & General
Topic: What would you do [Sell investments and move to cash?]
Replies: 7
Views: 715

Re: What would you do

I’d get back into the market as fast as possible. If you weren’t changing custodians you wouldn’t have sold all your investments and parked the money in a MM would you?
by luminous
Fri Mar 06, 2020 10:02 am
Forum: Personal Investments
Topic: Portfolio Advice - Roth 401k/Roth IRA/Taxable Acct
Replies: 4
Views: 340

Re: Portfolio Advice - Roth 401k/Roth IRA/Taxable Acct

Welcome to the forum! Note: You specify that your 401k is all in Roth, but the company match has to be in traditional pre-tax 401k space. Just something to keep in mind. 1. I love target date funds, I say keep on using it. 2. I wouldn't bother optimizing to this degree, myself. There is a small adv...
by luminous
Fri Mar 06, 2020 1:25 am
Forum: Personal Investments
Topic: $VTI vs $VFMF question
Replies: 15
Views: 747

Re: $VTI vs $VFMF question

You will receive more replies and more thoughtful replies by listing the actual fund names.

I'm not sure what advice you are looking for that you didn't already get in your last thread: viewtopic.php?f=1&t=294249&p=4826368
by luminous
Fri Mar 06, 2020 1:17 am
Forum: Personal Investments
Topic: Portfolio Advice - Roth 401k/Roth IRA/Taxable Acct
Replies: 4
Views: 340

Re: Portfolio Advice - Roth 401k/Roth IRA/Taxable Acct

Questions : 1. Should I reallocate my Roth 401k to not use the Target Date fund even though the expense ratio is relatively low? If I did, my best options are VBTLX, VINIX, VIEIX, VTWAX, and VTIAX. VBTLX, VINIX, and/or VTIAX would be my preferred choices. If you believe I should reallocate my Roth ...
by luminous
Mon Mar 02, 2020 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1484
Views: 388126

Re: Share your net worth progression

Curious, are there any people here who have zero real estate (no house, decide to just invest everything into the stock market?) It seems the majority of people on this thread own at least one house they are living in, usually many have rentals as well. Wondering if the non home owners have similar...
by luminous
Fri Feb 28, 2020 8:22 am
Forum: Personal Investments
Topic: How is AA across multiple accounts easier/simpler than mirrored AA?
Replies: 13
Views: 760

Re: How is AA across multiple accounts easier/simpler than mirrored AA?

Let’s say you have a three fund portfolio total us stock market, international stock market, and bonds. The let’s say you have five accounts: 401K for you and your spouse, Roth IRA for your and your spouse, and a taxable brokerage account. If you mirror your asset allocation in every account that’s ...
by luminous
Mon Feb 24, 2020 2:16 am
Forum: Investing - Theory, News & General
Topic: Net worth approaching lifetime earnings. How many years did it take?
Replies: 50
Views: 5909

Re: Net worth approaching lifetime earnings. How many years did it take?

I’m at 53% and I’m in my mid-40s. I’ll keep plugging away.
by luminous
Thu Feb 13, 2020 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Yet another 2 -> 1 income thread
Replies: 50
Views: 3893

Re: Yet another 2 -> 1 income thread

Sounds like a no brainer to me. You have lots of savings, and adequate cashflow to cover day to day living. How your wife will feel about leaving the workforce and possibly trying to reenter it years later is impossible to predict. It can't be optimized for, in my opinion. If she wants to stay home,...
by luminous
Thu Feb 13, 2020 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Yet another 2 -> 1 income thread
Replies: 50
Views: 3893

Re: Yet another 2 -> 1 income thread

You didn't talk about your cost of living, would your salary alone cover your regular expenses? Do you have a large emergency fund or taxable savings that can be used for large irregular expected and unexpected expenses, such as a new car? Do you feel that you have enough saved up for retirement, or...
by luminous
Sun Jan 26, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: What to do after we have our 6-12 month EF
Replies: 20
Views: 1444

Re: What to do after we have our 6-12 month EF

skives19 wrote:
Sun Jan 26, 2020 6:50 am
Let me ask this. Would anyone do non retirement taxable mutual fund investing before completely maxing out 401k and Roth IRA?
Definitely not. The tax advantages of maximizing the 401k and Roth space are too high to miss out on.
by luminous
Thu Jan 23, 2020 11:01 pm
Forum: Personal Investments
Topic: Quick portfolio review for WRE - a few questions
Replies: 10
Views: 489

Re: Quick portfolio review for WRE - a few questions

I reinvest my dividends in taxable and retirement accounts. I rebalance my whole portfolio a few times a year as needed, always in the retirement accounts where it doesn’t trigger a taxable event.
by luminous
Thu Jan 23, 2020 10:39 pm
Forum: Personal Investments
Topic: Quick portfolio review for WRE - a few questions
Replies: 10
Views: 489

Re: Quick portfolio review for WRE - a few questions

It is a little unclear what you are asking. Without knowing how much money you spend it is hard to tell how on track you are. I think the tax-free growth of the mega backdoor roth is very worthwhile and you can withdrawl the contributions without too much trouble as long as you wait 5 years and keep...
by luminous
Wed Jan 22, 2020 10:41 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26579

Re: Sad news: LadyGeek's husband has passed

LadyGeek, I’m so sorry for your loss. I’m in awe of your thoughtful efforts to educate us about these tricky topics at this time.

From one lady geek to another, thank you.
by luminous
Mon Jan 20, 2020 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Renting short-term/long-term when you have a child
Replies: 15
Views: 739

Re: Renting short-term/long-term when you have a child

I’m sorry about your divorce. I hope things turn out for you and your child. We’ve lived in the same apartment for over 10 years, and my kids have never known different. All the advantages you listed are real, and free up time to spend more time together. We could buy but it would be more expensive ...
by luminous
Fri Jan 17, 2020 12:15 pm
Forum: Personal Investments
Topic: Early Retirement/Efficient Account Use
Replies: 40
Views: 3226

Re: Early Retirement/Efficient Account Use

Note however that SSA's benefit estimates assume that you'll continue working and earning what you've been making, so if your husband retires now the benefits will be lower, though probably not by a great deal since as willthrill81 notes your husband is probably past the second "bend point." There ...
by luminous
Tue Jan 07, 2020 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1484
Views: 388126

Re: Share your net worth progression

snackdog wrote:
Tue Jan 07, 2020 5:03 pm
A better question might be - what is the long term CAGR for your net worth (including contributions)? Mine appears to be 26% over a couple decades.
Nice. I am 32.18% over 12 years.
by luminous
Wed Dec 25, 2019 2:14 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1484
Views: 388126

Re: Share your net worth progression

In the interest of providing a more reasonable example to counterbalance some of the amazing stories, I will post our progression. We are currently maxing two 401k and this year we will fill two Roth. Our income next year will preclude future Roth contributions and all investments beyond 401k limit...
by luminous
Tue Dec 10, 2019 6:52 am
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 14114

Re: Tax Deferred : Taxable : Tax Free

30:50:20 I am still working. Roth is now growing faster than tax deferred thanks to having access to a mega backdoor Roth in my 401k plan. Annual contribution is 23.5k (max plus match) into 401k vs 46.5k into Roth (33.5k mega backdoor Roth plus two backdoor Roth IRAs). My taxable savings is much hig...
by luminous
Mon Dec 09, 2019 4:06 pm
Forum: Personal Investments
Topic: new member review
Replies: 18
Views: 1298

Re: new member review

4. Your asset allocation is higher in stocks than I would expect, but this is a very personal choice. billfromct had some good comments about your Variable Annuity. isnt that what the vanguard target date funds are setup like? Yes, Target Date 2050 is 90% stocks. But many folks in their mid-30s don...
by luminous
Sun Dec 08, 2019 7:12 pm
Forum: Personal Investments
Topic: new member review
Replies: 18
Views: 1298

Re: new member review

Questions: 1. In 2020 should I work to max out my 401k or just contribute to get the match, and start a roth IRA to max out? i realized i shouldve started a roth when i was younger and had less income. now im kind of on the borderline of it making sense. 2. Should I put the money in my VG settlemen...
by luminous
Wed Dec 04, 2019 9:20 am
Forum: Personal Investments
Topic: "The Wealthy Renter" by Alex Avery.
Replies: 191
Views: 21204

Re: "The Wealthy Renter" by Alex Avery.

Living in NYC has forced me to rent longer than I would have elsewhere. Since striking out on my own I have spent only $198,000 on rent in 12 years. That won't even cover the down payment for the kind of apt I would want to live in, and it has allowed me to save and invest. So far it worked out but...
by luminous
Sat Nov 30, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you saving for retirement in 2019?
Replies: 82
Views: 5852

Re: How much are you saving for retirement in 2019?

$68,000 which is one maxed out 401k (pre-tax, company match, and post-tax (mega backdoor Roth)), and two backdoor Roth IRAs. My spouse does not work. You said "saving for retirement" but seem to equate that with tax advantaged accounts. I and many others are also saving for retirement in taxable acc...
by luminous
Sat Nov 30, 2019 6:24 pm
Forum: Personal Consumer Issues
Topic: Best Albums of 2019
Replies: 41
Views: 4063

Re: Best Albums of 2019

Good stuff in these lists. I'll add two more:

Sleater-Kinney - The Center Won't Hold
Lizzo - Cuz I Love You
by luminous
Sat Nov 30, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1484
Views: 388126

Re: Share your net worth progression

I'm in my early 40s, non-working spouse is younger. Single income household with two kids. We have always been renters, so these net worth numbers are all financial assets without home equity. 2007 - $73,389 (got married) 2008 - $124,013 2009 - $211,585 (child 1 born, became a one income family) 20...
by luminous
Fri Nov 29, 2019 10:21 pm
Forum: Personal Investments
Topic: Newbie member - Portfolio Review?
Replies: 22
Views: 1540

Re: Newbie member - Portfolio Review?

...If she is in the highest federal tax bracket, or has a reasonable thought taxes will be lower in the future, I'd lean toward don't convert. If taxes will be the same in the future, probably a coin flip I would think. I haven’t seen any posts recommend OP rollover her traditional (pretax) 401k to...
by luminous
Fri Nov 29, 2019 6:02 am
Forum: Personal Investments
Topic: Newbie member - Portfolio Review?
Replies: 22
Views: 1540

Re: Newbie member - Portfolio Review?

Welcome! Great advice from others so far. I want to reiterate the recommendation that you do a Backdoor Roth IRA.

https://www.bogleheads.org/wiki/Backdoor_Roth
by luminous
Thu Nov 28, 2019 5:20 pm
Forum: Forum Issues and Administration
Topic: Giving thanks to our moderators
Replies: 91
Views: 4975

Re: Giving thanks to our moderators

Thank you to the admins, to the moderators who keep it civil, and to everyone who contributes to this unique and amazing resource.
by luminous
Mon Oct 21, 2019 12:21 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1474
Views: 169668

Re: What frugal thing did you do today?

We went to the city science center this weekend because it was a free day for people living in our neighborhood. We packed our lunches because the cafe at the center is overpriced. We found free street parking rather than pay for garage parking. So we got a whole day outing for $0.
by luminous
Sun Oct 13, 2019 12:03 am
Forum: Personal Investments
Topic: Annual check in on finances - am I still doing things right?
Replies: 6
Views: 1175

Re: Annual check in on finances - am I still doing things right?

Looks like you are doing great. The one thing I’ll note is that your now-wife needs to do a backdoor Roth contribution as well due to the combined household income. Has she made her contribution this year yet?
by luminous
Thu Sep 26, 2019 9:38 am
Forum: Personal Investments
Topic: Need investment review
Replies: 12
Views: 977

Re: Need investment review

Thanks for all the recommendations, they have been very helpful. I am still unclear what to do with my Trad IRA in order to get the Backdoor IRA. Step 1 - Rollover my Rollover IRA balance to my 401k Step 2 - What do I do with my Trad IRA balance, does it need to be moved to my Roth IRA or can I jus...
by luminous
Mon Sep 23, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 12163

Re: How do you spend money to gain time? (young family)

What have you consciously decided to spend money on to gain time or family sanity, and not regretted? We spent money by having one of us stop working and become a stay at home parent. That was seven years ago and haven't regretted it for a second. Not only did it gain lots of family time and sanity...
by luminous
Tue Sep 03, 2019 10:33 pm
Forum: Personal Investments
Topic: Marie Kondo My Portfolio Please
Replies: 29
Views: 3218

Re: Marie Kondo My Portfolio Please

Is there a reason you don't have anything in Roth? You pay the same taxes whether you put some surplus money into Roth or taxable. So why not start growing something tax-free--for EACH of you! Yeah, my income phases me out of standard Roth eligibility, and I haven't gone through the trouble of figu...
by luminous
Thu Aug 29, 2019 9:54 am
Forum: Personal Investments
Topic: Marie Kondo My Portfolio Please
Replies: 29
Views: 3218

Re: Marie Kondo My Portfolio Please

I notice that your spouse is contributing to an IRA but you aren’t. Consider a Backdoor Roth IRA.
by luminous
Tue Aug 27, 2019 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Megabackdoor Roth IRA double check
Replies: 24
Views: 1594

Re: Megabackdoor Roth IRA double check

FYI, my plan doesn’t let you convert from after-tax 401k contributions directly to a Roth IRA. The contribution has to go to a traditional IRA. It then can be converted to a Roth IRA from there (via the back door IRA process) I mention this because it wasn’t obvious to me that you couldn’t go strai...
by luminous
Mon Aug 26, 2019 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Aid Volunteering for AARP or VITA
Replies: 52
Views: 3236

Re: Tax Aid Volunteering for AARP or VITA

I’ve been volunteering for VITA for 8 years. It is incredibly rewarding. I feel very connected to my community and my fellow volunteers. It is also a big commitment. It will depend on your site, but I commit 5 hours of my Thursday night every week from February through mid-April. I can’t imagine giv...