Bogleheads.org

N.Y.Cab

The catch-up contribution is allowed to be on top of the overall limit of 57,000 for 2020. My guess is that the excess amount will be taken out from the after-tax account with the prorated gain.

N.Y.Cab

I would do the following:
1) transfer Trad gains (amount above the non deductible contribution) to Rollover
2) transfer Rollover to 401k
3) convert Trad to Roth

N.Y.Cab

This is a good reminder to make the 1040ES payment for 2020 Q4. I did some year end Roth conversion too and want to get some paper Ibonds with the tax refund.

N.Y.Cab

I’m a 3 funder but it’s hard to stick with Total Bond when yield is lower than Total Stock. Dividend for Total International Stock in 2020 was 2.38% or twice that of Total Bond. Perhaps it’s time to do some tactical asset allocation in my 401k to increase the yield.

N.Y.Cab

I have about 15% of equity in Total International. Every dog has its day and 2021 might be the year of international outperformance.

N.Y.Cab

Some company requires a phone call for each in-plan rollover while other can have it automated per payday. I would read the Summary Plan Description or call the 401k service provider for more information.

N.Y.Cab

I use number #1 in 2nd half of the year after reaching the annual limit for pretax contribution. Then #3 at year end to sweep into in-plan Roth. I avoid #2 because it may take several days for the rollover to complete.

N.Y.Cab

Mr Bogle said to limit tactical asset allocation to within 15%. For example, if your normal asset allocation is 75:25 then you shouldn’t exceed 90:10 under this strategy.

N.Y.Cab

4602.12

N.Y.Cab

I reallocated from 72:28 to 68:32 last week. Actually, my company notified me that they are getting rid of the Balanced Index fund. So I took the opportunity to reduce risk a bit by exchanging less to Total Stock and more to Total Bond Index.

N.Y.Cab

Very happy with my XPS 15 which arrived a month ago in perfect condition in 2 days from Dell (instead of 1 to 2 weeks from Amazon). I went with last year’s model because the legacy ports (and OLED) are no longer available with new model. No need to max out the RAM and SSD as these can be upgraded la...

N.Y.Cab

Vanguard is currently busy tweaking the prime money market. I think they will make appropriate changes to the total bond index when needed.

N.Y.Cab

It would be good if they show us the math. Right now I take the 401k balance and divide that by 300 to get the monthly 4% SWR.

N.Y.Cab

Mine took 12 days from the time the check was issued. That’s one of the reason I waited until the in-plan Roth rollover option became available before starting to do mega backdoor Roth.

N.Y.Cab

Check her plan to see if they accept After-Tax contribution which can be converted to Roth. See wiki for more info https://www.bogleheads.org/wiki/After-tax_401(k)

N.Y.Cab

Speaking of cash, did anyone notice the yield on Vanguard Municipal Money Market is now double that of Prime? Could be a temporary anomaly but may worth taking the extra bit of risk.

N.Y.Cab

I think the risk for stock and bond should be less now with all the big fund outflows occurring in the first half of the year. Would be more worried about missing out if sitting on the sideline with a pile of cash. So it’s not bad with staying at 60:40 but I would DCA back to 75:25 with new money if...

N.Y.Cab

Took me 18 years. Didn’t max out the regular/catchup limit until the in-plan Roth rollover became available a couple of years ago. Now it’s a bit harder to hit that after-tax mega limit.

N.Y.Cab

I think the percentage should glide down with age like allocation to stock. Make that international stock so that property tax and maintenance cost does not take up half of the 4% SWR in retirement.

N.Y.Cab

Would like to see the math for "You could be 20 and hit by this". Perhaps that 20 year old will be working for fewer than 35 years and turn 60 on a low AWI year as well.

N.Y.Cab

My wife is semiretired with a 49:51 portfolio mostly in Wellesley income fund at Vanguard. We check the monthly performance table regularly and happy to see the quick recovery and a steady stream of dividends through this volatile time.

N.Y.Cab

I got used to the speed bump half block in front of my apartment after a few weeks. It was needed for the outdoor restaurant space and a coffee shop below me. Looks good and no worries about the resale value.

N.Y.Cab

To maintain the 90:10 allocation and minimize cost, you could reallocate 20% to Target Retirement 2020 (with the 50:50 allocation) and 80% to 500 index or Total stock market if available.

N.Y.Cab

I use a PC as the hub and duplicate playlist usually occurs after the PC or a device was restored from a backup and somehow not able to recognize each other as being previously paired. After deleting duplicate playlists, I would turn off automatic synch, delete all the playlists on the device then a...

N.Y.Cab

I downloaded the 5498-SA from the provider website just like any tax form. There is also the 1095-C that’s also good to keep for your records.

N.Y.Cab

E-filed on 2/17/20 and received Savings Bonds on 2/29/20 dated 2/26/20. The remainder was direct deposited on 2/25/20.

N.Y.Cab

Have a look at the chart for married couple at https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits My guess is that between social security and RMD income, you will be somewhere in the middle with the 22% tax bracket for the majority of time in retirement. So I would target Roth con...

N.Y.Cab

And another thing: in order to get the 2% cash back, click “Manage Reward Points” to enroll in automatic redemption to your account at Fidelity.

N.Y.Cab

Most of my fixed income used to be in the total bond index. This month I merged that with 1.5x total stock index into the balanced index. My asset allocation is around 75:25 but will glide down with new money going to balanced index fund.

N.Y.Cab

I think it’s because you can get better deal on I-bonds without the negative yield. Another reason could be that the fund at Vanguard has expense ratio double that of the Total bond index.

N.Y.Cab

His asset allocation for Aging Baby Boomers is 80:20 with 12.5% fixed income replaced by Dividend Growth Stock Fund.

N.Y.Cab

I’m a fan of the 3 funds portfolio but will be adding new money to the Balanced Index fund. After being frozen in place for 3 months, I can appreciate having a portion of the portfolio that auto-reallocate for me during difficult times.

N.Y.Cab

Would like to add that In case of a loss, convert an extra amount from the pre-tax sub account so that the conversion total is above the cost basis from after-tax contribution.

N.Y.Cab

In Safari on iPad or iPhone: Select Print from the upload icon on upper right of title bar. Select page range that you want to keep. Pinch to zoom in on any page. Click upload icon and select Save to Files. Choose folder and name to save the new PDF on your iCloud Drive. Click Done and Cancel to go ...

N.Y.Cab

One reason to use an external unit is for the best possible sound. Using a receiver as the hub, it would process all those surround sound signals then route them to various speakers along with video for the TV.

N.Y.Cab

I think the problem is with the negative yield on 20-years TIPS that is being used as input. I found the results to be more reasonable if the real discount rate is above .76%.

N.Y.Cab

I’m the exact opposite and always satisfied. When the market was up, I was happy with an aggressive allocation. Then when the market went down, was glad to be left with a less aggressive allocation. Didn’t rebalance on the way up so no need to rebalance on the way down.

N.Y.Cab

Non-techie on Windows 10 should use Edge. The latest update has Chromium under the hood so there’s no extra download and install required.

N.Y.Cab

It’s already a great deal to book that distribution as $33,333 income for year 2020, 2021 and 2022. I would keep the money in taxable account to live on and pay for some Roth conversions if there is any leftover.

N.Y.Cab

Thanks Taylor. Vanguard Investor questionnaire is suggesting a 70/30 allocation for me. I knew I was a bit too aggressive with 72/28.

N.Y.Cab

Yes and thanks to the CARES Act for 2020 we can take up to $100k from 401k then spread the income over 3 years.

N.Y.Cab

I efiled on 2/29/2020 and got refund direct deposited on 3/24/2020. Perhaps standard deduction requires less human intervention.

N.Y.Cab

I hope it will not end up like "Save Bandit!" episode from The Office.

N.Y.Cab

My company allow both in-plan rollover to Roth 401k and rollover out to Roth IRA. Read the plan document for restrictions and fees. I choose the in-plan because the conversion is complete overnight without being out of the market for several days. I wouldn’t worry about timing the market but pick a ...

N.Y.Cab

It seems unfair to be stuck with deflated index factors as a result of being born in the wrong year. Especially going below a factor of 1 as if to adjust for deflation? That’s the case for those eligible in 2011 (born in 1949) with index factor of 0.9849193 for 2008 income.

N.Y.Cab

Yes, I’m letting my 401k slide. Buying only stocks with new money but in no hurry to reallocate. Maybe in a few months or years when we hit record high again.

N.Y.Cab

For money market or bond funds, there is accrued dividend that grows daily. At Vanguard it’s under Balances by date tab.

N.Y.Cab

I just enjoy driving around town on weekends. It’s no problem talking to me.

N.Y.Cab

It’s true that commingling is no longer an issue. In fact, you can un-commingle the non cost basis amount into a new account. Places like Fidelity will allow you to assign that new traditional IRA account type as a Rollover IRA. This should make it easy to roll it back to a 401k.

N.Y.Cab

I grew up in the big apple and always yearn to be back whenever I stray away too long. I am reminded of those ”away” years on the Social Security statement. Glad to have a few more years left working to increase the average.

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