Search found 672 matches

by Darth Xanadu
Tue May 21, 2019 10:39 am
Forum: Personal Investments
Topic: Convince me that a 529 plan is a good idea.
Replies: 42
Views: 3119

Re: Convince me that a 529 plan is a good idea.

Even though it is far off keep in mind you can contribute to a 529 and withdraw within the same year. So you could contribute, wait until the transaction cleared, then turn around and the pay the college from the contributed funds. Keep in mind, though, that the tax benefit will be limited to the c...
by Darth Xanadu
Fri May 17, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Low-income retirement year: take capital gain, Roth convert, or tIRA withdrawal?
Replies: 14
Views: 1131

Re: Low-income retirement year: take capital gain, Roth convert, or tIRA withdrawal?

I agree with this ^^^^

Unless you need the spending money. Then I'd do simple withdrawal from tax-deferred.
by Darth Xanadu
Fri May 17, 2019 1:01 pm
Forum: Personal Investments
Topic: Tricky Roth IRA Questions
Replies: 41
Views: 3561

Re: Tricky Roth IRA Questions

Thanks. This is just a non-IRR Roth 401k, where payroll deductions were directed to the Roth 401k, rather than the regular 401k. I would be rolling the Roth 401k portion into a new Fidelity Roth IRA. You may have already done so, but be sure to the the plan rules of your 401k. As far as I know, not...
by Darth Xanadu
Fri May 17, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Anyone use Treasury Direct ?
Replies: 34
Views: 1929

Re: Anyone use Treasury Direct ?

sonosoldi3112 wrote:
Fri May 17, 2019 11:34 am
yES .. I use and love it .. no problems despite often reading here that some are unhappy ... works perfect with my password manager .. easy login .. easy transfers to and from my bank.
+1

Easy enough to navigate.
by Darth Xanadu
Thu May 16, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads update their 401k contributions once they are able to max?
Replies: 19
Views: 1584

Re: How do Bogleheads update their 401k contributions once they are able to max?

Contributions will automatically stop when you hit the max. If you have a match, understand whether it has a true-up. If no match, or match with true-up, you don't need to do anything. IF you have a match without a true-up, reduce as needed to make sure you only max at the end of the year and still...
by Darth Xanadu
Thu May 16, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6385

Re: Do you reward yourself for achieving a financial goal?

mmmodem wrote:
Thu May 16, 2019 10:15 am

When we crossed 3 commas last year, I just relaxed and breathed a sigh of relief.
:shock: I should hope so!
by Darth Xanadu
Thu May 16, 2019 11:08 am
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 90
Views: 11636

Re: Help my broker is trying to freak me out

Almond wrote:
Wed May 15, 2019 3:38 pm

I have about $14, 000 in unrealized gains if I sold everything. I think most of that is long term but hard to get a straight answer.
This alone would make me want to jump ship. Inexcusable that they can't give you this information in a matter of seconds.
by Darth Xanadu
Wed May 15, 2019 1:06 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 730
Views: 93318

Re: Post your Financial Milestone Announcements Here

Tycoon wrote:
Mon May 06, 2019 3:11 pm
Second child finished college today. No more college payments. :beer
Congrats, that must be a seismic shift to the ol' budget!
by Darth Xanadu
Tue May 07, 2019 4:23 pm
Forum: Personal Investments
Topic: IBOND Interest Rate Question?
Replies: 5
Views: 525

Re: IBOND Interest Rate Question?

I think what you are calling Bond 1 (2018 issue) is actually now at 1.9 while Bond 2 (2019 issue) is at 2.83 Did you have it reversed in your post? Yes, for Bond 2 I am seeing 1.9 That can't be right. I have a April 1, 2019 issue Series I Bond as well, and when I log into Treasury Direct it shows 2...
by Darth Xanadu
Tue May 07, 2019 3:01 pm
Forum: Personal Investments
Topic: IBOND Interest Rate Question?
Replies: 5
Views: 525

Re: IBOND Interest Rate Question?

I think what you are calling Bond 1 (2018 issue) is actually now at 1.9 while Bond 2 (2019 issue) is at 2.83

Did you have it reversed in your post?
by Darth Xanadu
Tue May 07, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: College Savings Optionality: I Bonds and 529s
Replies: 5
Views: 356

Re: College Savings Optionality: I Bonds and 529s

I’ve recently been thinking about using both 529s and I Bonds to save for college. I Bonds may be used to pay for certain college expenses and the interest is tax free, subject to income limitations. At my current income, I wouldn’t be eligible. However, if I retire, take a lower paying job, or los...
by Darth Xanadu
Tue May 07, 2019 1:56 pm
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13258

Re: I tried to fire my financial advisor of 12 years today...

“He made a lot of arguments that were confusing and frankly over my head.” I fired my financial advisor explicitly for making things confusing and difficult to understand. In hindsight, I feel they get paid to convince you that investing is so complicated that it requires professional assistance. T...
by Darth Xanadu
Tue May 07, 2019 12:22 pm
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13258

Re: I tried to fire my financial advisor of 12 years today...

So I tried to fire him today and it was tough. First, I read up-thread that you made the correct decision, well done. If, for some reason, you find yourself on the phone with this person again (or, for others who may be in a similar scenario), I suggest doing the following to make things easier for...
by Darth Xanadu
Mon May 06, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Lost out on 401k match for over-contributing
Replies: 45
Views: 4725

Re: Lost out on 401k match for over-contributing

Looks like I am allowed to specify a percentage of total salary for me 401k, with only one decimal point in the percent. i.e. 8.5% is good. 8.55% is not! You have to chose either 8.5 or 8.6 in the later case. My plan is to adjust twice - once in March to make sure I don't go over too soon, and agai...
by Darth Xanadu
Wed May 01, 2019 4:27 pm
Forum: Personal Investments
Topic: Ever Too Much in HSA?
Replies: 53
Views: 5024

Re: Ever Too Much in HSA?

I fully understand that an HSA passed down to a non spouse is fully taxable in the year of the death but there just aren't that many scenarios where I see that to be a huge issue. Maybe if someone saves in an HSA from ages 22-65 and pays out of pocket for health care along the way, and drops dead a...
by Darth Xanadu
Wed May 01, 2019 11:39 am
Forum: Investing - Theory, News & General
Topic: Series I Savings Bonds Buying Opportunity
Replies: 52
Views: 9264

Re: Series I Savings Bonds Buying Opportunity

The 1.90% composite rate for I bonds bought from May 2019 through October 2019 applies for the first six months after the issue date. The composite rate combines a 0.50% fixed rate of return with the 1.40% annualized rate of inflation as measured by the Consumer Price Index for all Urban Consumers ...
by Darth Xanadu
Tue Apr 30, 2019 2:39 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 200
Views: 15745

Re: Biggest Investment Mistake

For several years, I convinced myself that Roth 401k was the way to go, due to the attractive benefit of no taxes paid upon withdrawal. I paid tax at a 25% and sometimes 28% rate on my contributions. After learning more about tax-management and income-management tactics (particularly in retirement),...
by Darth Xanadu
Tue Apr 30, 2019 10:31 am
Forum: Personal Investments
Topic: Intel sell or hold NOW sold.
Replies: 64
Views: 4079

Re: Intel sell or hold

The new CEO while an experienced CFO seems to be backtracking on the former estimates declared. Data center concerns. Backing out of 5g. Thanks for your feedback. I think the new CEO is a mistake. A company like Intel needs a CEO who understands the technical side of the business, not just a busine...
by Darth Xanadu
Tue Apr 30, 2019 10:15 am
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1305

Re: Kids Gift Money in a Vanguard Target Retirement Fund

Don’t these Target Retirement Funds have a rather steep minimum, like $1000 and each subsequent investment at least $25? The idea is fine, just that you may not be able to execute them at Vanguard specifically, but perhaps possible at Fidelity and Schwab. I am not really convinced that this will te...
by Darth Xanadu
Fri Apr 26, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Hole Repayment
Replies: 38
Views: 4542

Re: Debt Hole Repayment

One year update! Hey all. Thank you again for the amazing advice! I have taken it to heart and gotten pretty well on track. Currently cc debt is down to just below 5k and falling (aiming to keep that around net 500 payoff per month or more). Down to one car to improve cash flow, which helped a lot....
by Darth Xanadu
Wed Apr 24, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Planning for family business transition [saving, inheritance, etc]
Replies: 19
Views: 791

Re: Planning for family business transition [saving, inheritance, etc]

What would you do? Stop or reduce retirement savings? Get real clarity on the disposition of this business? Not count the bird in the bush? Pretend the business does not exist? I can't relate to your interesting situation, but my initial thought was, pretend the business doesn't exist and keep savi...
by Darth Xanadu
Tue Apr 23, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8095

Re: What, if anything, do I owe this guy?

Cody6136 wrote:
Tue Apr 23, 2019 4:55 pm
He kept saying, the entirety of your portfolio, waving his hand across the entire paper. Your assets, as they might come into play as we fix your situation.

"They might come into play," I repeated?

"Yes. As we fix your situation."
Ugh ... This makes me squeamish.
by Darth Xanadu
Tue Apr 23, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: HSA max with mid year employer switch
Replies: 4
Views: 261

Re: HSA max with mid year employer switch

My understanding is the same as yours; however, the limits can be impacted if you were not in an HSA-eligible plan for the full 12 months of the year (sounds like you will be?).
by Darth Xanadu
Fri Apr 19, 2019 9:10 pm
Forum: Personal Investments
Topic: Ever Too Much in HSA?
Replies: 53
Views: 5024

Re: Ever Too Much in HSA?

Kywildcat wrote:
Fri Apr 19, 2019 5:34 pm
but is there ever a level that you would reconsider?
Not likely. In the event my HSA balance was enormous, it would mean my other retirement account balances were even bigger, which would mean I would quit working and start spending the HSA.
by Darth Xanadu
Fri Apr 19, 2019 2:07 pm
Forum: Personal Investments
Topic: Investing in someones YouTube channel?
Replies: 17
Views: 858

Re: Investing in someones YouTube channel?

MotoTrojan wrote:
Fri Apr 19, 2019 1:48 pm
1,000+ views an hour after posting doesn't seem like a sensation I would be screaming to put $5K into. Seems minor-league.
Maybe, just maybe, this individual has created a network of bots to watch their video, driving up views, in order to bilk $3k-$5k from people. :mrgreen:
by Darth Xanadu
Fri Apr 19, 2019 11:36 am
Forum: Personal Investments
Topic: Thinking about selling stocks near all time highs
Replies: 98
Views: 9288

Re: Thinking about selling stocks near all time highs

Stocks are usually at or near all time highs. If you sold every time that happened you'd never be in the market and never make any money. If your risk tolerance has decreased and you are uncomfortable with your current asset allocation, you should adjust, but that has nothing to do with the current...
by Darth Xanadu
Fri Apr 19, 2019 10:11 am
Forum: Personal Investments
Topic: Thinking about selling stocks near all time highs
Replies: 98
Views: 9288

Re: Thinking about selling stocks near all time highs

It can make sense to change your allocation if your net worth rises or you get older, but you should have a plan for doing this rather than just make things up as you go along. +1 OP if you don't have an IPS you should strongly consider creating one. I wrote one last year after reading this forum. ...
by Darth Xanadu
Fri Apr 19, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: The reality of borrowing from your 401k for home mortgage
Replies: 48
Views: 3200

Re: The reality of borrowing from your 401k for home mortgage

I threw your figures into a mortgage calculator and it says your payment will be ~$1900 a month. Why don't you practice setting that aside for 10 months and save your down payment? It would tell you what it's like to live on your new amount of money and keeps you from having to borrow the down paym...
by Darth Xanadu
Fri Apr 19, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: RSUs and ESPP after 2-Week Notice
Replies: 21
Views: 1293

Re: RSUs and ESPP after 2-Week Notice

Wait. You might be fine as long as you are still “on the books” but you might not, and there is no way to find out for sure. Agree. IMO it makes no sense to take the risk of losing the money ... for what, "extra" notice to your employer? My guess is any cash amounts accumulated in ESPP will be disb...
by Darth Xanadu
Thu Apr 18, 2019 10:47 am
Forum: Personal Investments
Topic: next dollar of savings
Replies: 39
Views: 3331

Re: next dollar of savings

I would say $19k for his 401k $6k for his Roth IRA $6k for her Roth IRA $9k towards prepaying mortgage ( that 4.75% is a beast ) I agree, but would add that you might also choose to split the $9k in some fashion between prepaying mortgage and a taxable investing account for additional future flexib...
by Darth Xanadu
Wed Apr 17, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 139
Views: 13330

Re: Are RMDs that bad if you're not an over-saver?

And its threads like these which is why I'm shifting more of my contributions to my r457 and less to the t401K. While I greatly respect the smarts of the number crunching BH, when they advocate the t401K over the Roth they seem to always disregard behavior. Who in their right minds wants to be in t...
by Darth Xanadu
Wed Apr 17, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: I’m a Loser Stuck in a Dead End Job
Replies: 63
Views: 7940

Re: I’m a Loser Stuck in a Dead End Job

You sound like a hard-worker who puts effort into everything he does. I'm going to suggest to you the same thing that I suggested to myself at that age. Go back to school. Sounds like you have an aptitude for coding, is there some education you can get in that field? That will really bring in the b...
by Darth Xanadu
Fri Apr 12, 2019 10:39 pm
Forum: Personal Investments
Topic: Investing gift from grandma
Replies: 46
Views: 3369

Re: Investing gift from grandma

I don't get it. Why would she be offended if you choose to get a mutual fund? You aren't rejecting a choice she made. I don't think she'd be offended, I just think maybe disappointed. I don't know, my sense is she hopes one day that the kids see a Disney movie and think of grandma, or their friend ...
by Darth Xanadu
Fri Apr 12, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Savings or Ally 12mo CD
Replies: 6
Views: 1020

Re: Ally Savings or Ally 12mo CD

Hikerds wrote:
Fri Apr 12, 2019 3:08 pm
I’m considering putting the money in Ally’s 12 mo CD at a interest rate if 2.75%.
This is a good choice, if you are confident that you can ride out the full year term.
by Darth Xanadu
Fri Apr 12, 2019 1:26 pm
Forum: Personal Investments
Topic: If I have an existing Roth IRA account, does this year's contribution go into that or do I open a new Roth IRA?
Replies: 5
Views: 377

Re: If I have an existing Roth IRA account, does this year's contribution go into that or do I open a new Roth IRA?

My wife has an existing Roth IRA with the vanguard Star fund. To make this year's contribution, do I add to this fund? Do I open a new IRA? To be clear, you use the existing Roth IRA account if you mean this year's contribution for your wife. If you mean a contribution for you, then you need your o...
by Darth Xanadu
Fri Apr 12, 2019 12:56 pm
Forum: Personal Investments
Topic: Investing gift from grandma
Replies: 46
Views: 3369

Re: Investing gift from grandma

I don’t think you want your kids in different investments, so go with Disney. Great point, I hadn't considered from that aspect. Buying individual stocks for HER to make a connection with the child seems silly IMO. And goes against what this forum, and you perhaps believe in for investing, and what...
by Darth Xanadu
Fri Apr 12, 2019 11:21 am
Forum: Personal Investments
Topic: Investing gift from grandma
Replies: 46
Views: 3369

Investing gift from grandma

My stepmother has generously offered to gift $1,000 to my daughter when she is born next month, for purposes of funding a UTMA account and purchasing stock in her name. She has asked me to start thinking about what to buy. She has always been a dividend investor, which is what her father taught her....
by Darth Xanadu
Thu Apr 11, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 8641

Re: Buying a house next year. Wife wants a big house. Thoughts?

What's the square footage for each of those houses? This is a mostly developing area so house sq footage overlap for those price ranges but i would say the 500-600K house is ~3700-4700 sq ft. the 400k ish house is probably going to be in the 3300-3700 The difference between the big house and the sm...
by Darth Xanadu
Thu Apr 11, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Torment from the IRS
Replies: 16
Views: 2362

Re: Torment from the IRS

Must be a new rule. My $100M+ checks to the IRS have cleared no problem.
by Darth Xanadu
Thu Apr 11, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Seller's Agent - Tiered Commission structure?
Replies: 15
Views: 1100

Re: Seller's Agent - Tiered Commission structure?

Negotiate the 5% and leave it at that. Put all the intellectual effort into decluttering and painting. Agree. You are overthinking the commission. Get the 5% and focus on working with the agents you interview to narrow down the asking price based on recent comparable sales. Buyers and appraisers lo...
by Darth Xanadu
Wed Apr 10, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's Agent - Tiered Commission structure?
Replies: 15
Views: 1100

Seller's Agent - Tiered Commission structure?

I'm possibly looking to sell my house. I've read a number of related past threads here. Sounds like best practices are to interview several agents (We have one in mind that is a referral and has good reviews online) and get a "game plan" proposal which outlines what I'm paying for. I have a couple o...
by Darth Xanadu
Fri Apr 05, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Need help with some tax math
Replies: 17
Views: 873

Re: Need help with some tax math

You pay SS and Medicare on 401k contributions. Most states don’t tax contributions. Yes, my above post was incorrect. Thanks for clarifying. I do think some states don't tax contributions OR distributions, so traditional 401k contributions can be state tax free. (I think my state does this -- Illin...
by Darth Xanadu
Fri Apr 05, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Need help with some tax math
Replies: 17
Views: 873

Re: Need help with some tax math

My understanding is that you don't pay federal tax, state tax, SS, or Medicare tax on amounts you deduct pre-tax (i.e. traditional 401k). However, I believe supplemental earnings (bonus) get SS and Medicare tax withheld on the gross amount regardless of pre-tax deductions. Edit: corrected info supp...
by Darth Xanadu
Thu Apr 04, 2019 1:41 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 730
Views: 93318

Re: Post your Financial Milestone Announcements Here

Two comma club last month for us, investments only! Congratulations! I too achieved two commas excluding home equity in March 2019. I would also second your thoughts about this wonderful community. To use a poor analogy, I feel like my ship was always pointed in the right general direction, but the...
by Darth Xanadu
Tue Apr 02, 2019 4:57 pm
Forum: Personal Investments
Topic: I bought a stock for the first time.
Replies: 66
Views: 4031

Re: I bought a stock for the first time.

I have an alert for LYFT at $50. If it ever goes that low I might buy some. But, then again, probably not.
by Darth Xanadu
Mon Apr 01, 2019 11:12 pm
Forum: Personal Investments
Topic: Making the plunge into 529s
Replies: 26
Views: 2673

Re: Making the plunge into 529s

What grades are primary, secondary, and tertiary schools?
by Darth Xanadu
Fri Mar 29, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Stock Options
Replies: 21
Views: 1618

Re: Stock Options

Cipro wrote:
Fri Mar 29, 2019 3:25 pm
Just to update board. Sold $1.1 MM of company stock over past 3 days and it feels great!! Glad to have turned theoretical long term pay incentive into real money.
This is great, congratulations! :sharebeer
by Darth Xanadu
Fri Mar 29, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Where/how to keep cash on hand or equivalent?
Replies: 28
Views: 972

Re: Where/how to keep cash on hand or equivalent?

I suppose if I were in your shoes, and a bank safe deposit box was out of the question, I would stick with $100 bills, hidden at home, but not in a place that my spouse would find it or inadvertently dispose of it / destroy it. So, maybe secured in some water-proof packaging, and stashed behind a wa...
by Darth Xanadu
Thu Mar 28, 2019 4:15 pm
Forum: Personal Investments
Topic: HSA Investments
Replies: 8
Views: 833

Re: HSA Investments

Questions: - does the cash flow plan make sense? - what percentage of equities would you keep an HSA where you hopefully have a long horizon but never know? - would you opt for a NTF fund (6.95/trade otherwise) or stick with vanguard considering I’d be making two contributions (or six with a three ...
by Darth Xanadu
Thu Mar 28, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is our household budget crazy?
Replies: 141
Views: 11802

Re: Is our household budget crazy?

The things on this budget that cannot be changed are: childcare, health, and utilities. I think the areas where we can be less wasteful are food, travel, and shopping. This was my thought when first reading your post. Food costs just seem high. It sounds like you anticipate home repair costs and tr...