Search found 71 matches

by N.Y.Cab
Mon Jan 18, 2021 6:29 am
Forum: Personal Investments
Topic: confused about 401K IRS limits
Replies: 9
Views: 1354

Re: confused about 401K IRS limits

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.
by N.Y.Cab
Thu Jan 14, 2021 9:02 pm
Forum: Personal Investments
Topic: "Traditional" vs "Rollover" IRAs
Replies: 14
Views: 808

Re: "Traditional" vs "Rollover" IRAs

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
by N.Y.Cab
Wed Jan 13, 2021 7:13 pm
Forum: Personal Investments
Topic: Taxes on 2020 Roth Conversion - Pay When?
Replies: 25
Views: 1286

Re: Taxes on 2020 Roth Conversion - Pay When?

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.
by N.Y.Cab
Sat Jan 09, 2021 7:15 pm
Forum: Personal Investments
Topic: What to do with Bonds?
Replies: 26
Views: 1866

Re: What to do with Bonds?

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.
by N.Y.Cab
Fri Jan 08, 2021 10:31 pm
Forum: Personal Investments
Topic: How much do you allocate to international equity?
Replies: 133
Views: 8979

Re: How much do you allocate to international equity?

I have about 15% of equity in Total International. Every dog has its day and 2021 might be the year of international outperformance.
by N.Y.Cab
Fri Jan 08, 2021 1:24 pm
Forum: Personal Investments
Topic: Do I have a Mega Backdoor Roth?
Replies: 7
Views: 400

Re: Do I have a Mega Backdoor Roth?

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.
by N.Y.Cab
Fri Jan 08, 2021 1:11 pm
Forum: Personal Investments
Topic: Do I have a Mega Backdoor Roth?
Replies: 7
Views: 400

Re: Do I have a Mega Backdoor Roth?

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.
by N.Y.Cab
Mon Jan 04, 2021 7:00 am
Forum: Investing - Theory, News & General
Topic: When do you change your asset allocation (if ever)?
Replies: 39
Views: 2236

Re: When do you change your asset allocation (if ever)?

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.
by N.Y.Cab
Fri Nov 27, 2020 6:38 pm
Forum: Investing - Theory, News & General
Topic: Who actually rebalanced recently?
Replies: 92
Views: 5743

Re: Who actually rebalanced recently?

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.
by N.Y.Cab
Fri Oct 02, 2020 2:30 pm
Forum: Personal Consumer Issues
Topic: Experience? Buying items such as computers directly from manufacturer (e.g. Dell) instead of Amazon
Replies: 46
Views: 3032

Re: Experience? Buying items such as computers directly from manufacturer (e.g. Dell) instead of Amazon

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...
by N.Y.Cab
Sat Aug 29, 2020 7:40 am
Forum: Personal Investments
Topic: Checking in with 2 and 3 fund portfolio people
Replies: 23
Views: 2641

Re: Checking in with 2 and 3 fund portfolio people

Vanguard is currently busy tweaking the prime money market. I think they will make appropriate changes to the total bond index when needed.
by N.Y.Cab
Thu Aug 27, 2020 7:27 am
Forum: Investing - Theory, News & General
Topic: "Turning 401(k) Plans into Lifetime Investments"
Replies: 47
Views: 4520

Re: "Turning 401(k) Plans into Lifetime Investments"

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.
by N.Y.Cab
Sat Aug 15, 2020 8:25 am
Forum: Investing - Theory, News & General
Topic: How long do account transfers generally take?
Replies: 9
Views: 530

Re: How long do account transfers generally take?

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.
by N.Y.Cab
Fri Aug 14, 2020 6:13 pm
Forum: Personal Investments
Topic: Can my spouse contribute more than their individual maximum to a 401(k)?
Replies: 5
Views: 659

Re: Can my spouse contribute more than their individual maximum to a 401(k)?

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)
by N.Y.Cab
Thu Aug 13, 2020 12:28 pm
Forum: Personal Investments
Topic: Moving to Cash?
Replies: 158
Views: 11647

Re: Moving to Cash?

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.
by N.Y.Cab
Tue Aug 11, 2020 10:40 am
Forum: Personal Investments
Topic: 3 fund portfolio - Bond indexes bad in this environment?
Replies: 30
Views: 2396

Re: 3 fund portfolio - Bond indexes bad in this environment?

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...
by N.Y.Cab
Mon Aug 10, 2020 4:27 pm
Forum: Investing - Theory, News & General
Topic: Real life example of 7 digit 401k/Roth IRA portfolios
Replies: 60
Views: 6378

Re: Real life example of 7 digit 401k/Roth IRA portfolios

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.
by N.Y.Cab
Sat Aug 08, 2020 6:35 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 205
Views: 20173

Re: What percent of net worth should a persons house be?

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.
by N.Y.Cab
Fri Aug 07, 2020 1:58 pm
Forum: Investing - Theory, News & General
Topic: COVID19 Wage Decline Boosts Social Security Payouts For Most Employed Workers
Replies: 6
Views: 1715

Re: COVID19 Wage Decline Boosts Social Security Payouts For Most Employed Workers

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.
by N.Y.Cab
Thu Aug 06, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 166
Views: 21066

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.

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.
by N.Y.Cab
Sun Aug 02, 2020 1:13 pm
Forum: Personal Consumer Issues
Topic: Speed bump in front of your house — affect on home value
Replies: 54
Views: 4188

Re: Speed bump in front of your house — affect on home value

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.
by N.Y.Cab
Fri Jul 31, 2020 11:07 am
Forum: Personal Investments
Topic: change 401K investments?
Replies: 7
Views: 358

Re: change 401K investments?

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.
by N.Y.Cab
Fri Jul 31, 2020 10:39 am
Forum: Personal Consumer Issues
Topic: iTunes playlist duplicates
Replies: 6
Views: 423

Re: iTunes playlist duplicates

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...
by N.Y.Cab
Thu Jul 30, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Anyone get their 5498 for tax year 2019
Replies: 22
Views: 2092

Re: Anyone get their 5498 for tax year 2019

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.
by N.Y.Cab
Sat Jul 25, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Unsuccessful Savings Bond Purchase with 2019 Tax Refund
Replies: 13
Views: 1983

Re: Unsuccessful Savings Bond Purchase with 2019 Tax Refund

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.
by N.Y.Cab
Thu Jul 23, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Which account I need to use to do Roth conversion
Replies: 35
Views: 1800

Re: Which account I need to use to do Roth conversion

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...
by N.Y.Cab
Wed Jul 22, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa signature card
Replies: 29
Views: 3699

Re: Fidelity Rewards Visa signature card

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.
by N.Y.Cab
Wed Jul 22, 2020 1:28 pm
Forum: Personal Investments
Topic: Where is your fixed income invested?
Replies: 71
Views: 5671

Re: Where is your fixed income invested?

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.
by N.Y.Cab
Sat Jul 04, 2020 8:14 pm
Forum: Investing - Theory, News & General
Topic: Have Bogleheads soured on TIPS due to performance or structure?
Replies: 41
Views: 2613

Re: Have Bogleheads soured on TIPS due to performance or structure?

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.
by N.Y.Cab
Sat Jul 04, 2020 12:25 pm
Forum: Investing - Theory, News & General
Topic: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.
Replies: 112
Views: 10041

Re: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.

His asset allocation for Aging Baby Boomers is 80:20 with 12.5% fixed income replaced by Dividend Growth Stock Fund.
by N.Y.Cab
Thu Jul 02, 2020 7:30 pm
Forum: Personal Investments
Topic: Vanguard balanced funds
Replies: 14
Views: 1941

Re: Vanguard balanced funds

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.
by N.Y.Cab
Tue Jun 23, 2020 4:55 pm
Forum: Personal Investments
Topic: After-tax 401k rollover to Roth IRA
Replies: 6
Views: 543

Re: After-tax 401k rollover to Roth IRA

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.
by N.Y.Cab
Thu Jun 04, 2020 9:07 am
Forum: Personal Consumer Issues
Topic: can I shorten a pdf file?
Replies: 35
Views: 2167

Re: can I shorten a pdf file?

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 ...
by N.Y.Cab
Wed May 27, 2020 12:35 pm
Forum: Personal Consumer Issues
Topic: New TVs with built-in Roku
Replies: 51
Views: 2762

Re: New TVs with built-in Roku

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.
by N.Y.Cab
Sat May 16, 2020 1:19 pm
Forum: Personal Investments
Topic: Open Social Security strategy results question
Replies: 59
Views: 4505

Re: Open Social Security strategy results question

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%.
by N.Y.Cab
Sat May 09, 2020 7:52 am
Forum: Investing - Theory, News & General
Topic: I am always slightly disappointed with my AA
Replies: 48
Views: 3689

Re: I am always slightly disappointed with my AA

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.
by N.Y.Cab
Fri May 08, 2020 7:47 am
Forum: Personal Consumer Issues
Topic: IE, Chrome or Firefox, that is the question.
Replies: 53
Views: 3393

Re: IE, Chrome or Firefox, that is the question.

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.
by N.Y.Cab
Tue May 05, 2020 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Plan Withdrawal Question - CARES ACT
Replies: 3
Views: 469

Re: Retirement Plan Withdrawal Question - CARES ACT

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.
by N.Y.Cab
Wed Apr 22, 2020 12:54 pm
Forum: Investing - Theory, News & General
Topic: Which % to be held in bonds, if Not age?
Replies: 70
Views: 4477

Re: Which % to be held in bonds, if Not age?

Thanks Taylor. Vanguard Investor questionnaire is suggesting a 70/30 allocation for me. I knew I was a bit too aggressive with 72/28.
by N.Y.Cab
Sun Apr 19, 2020 3:00 pm
Forum: Investing - Theory, News & General
Topic: Are you comfortable with your emergency fund arrangements?
Replies: 44
Views: 3691

Re: Are you comfortable with your emergency fund arrangements?

Yes and thanks to the CARES Act for 2020 we can take up to $100k from 401k then spread the income over 3 years.
by N.Y.Cab
Sun Apr 19, 2020 7:49 am
Forum: Personal Finance (Not Investing)
Topic: NY State Tax Return Status
Replies: 13
Views: 676

Re: NY State Tax Return Status

I efiled on 2/29/2020 and got refund direct deposited on 3/24/2020. Perhaps standard deduction requires less human intervention.
by N.Y.Cab
Thu Apr 16, 2020 12:02 pm
Forum: Investing - Theory, News & General
Topic: Head Fakes and Dead Cats .. your thoughts on the rally?
Replies: 386
Views: 33247

Re: Head Fakes and Dead Cats .. your thoughts on the rally?

I hope it will not end up like "Save Bandit!" episode from The Office.
by N.Y.Cab
Tue Apr 14, 2020 6:22 am
Forum: Personal Investments
Topic: Converting from traditional 401k to Roth 401K
Replies: 17
Views: 847

Re: Converting from traditional 401k to Roth 401K

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 ...
by N.Y.Cab
Mon Apr 06, 2020 9:54 pm
Forum: Investing - Theory, News & General
Topic: Hope you weren't born in 1960
Replies: 63
Views: 11342

Re: Hope you weren't born in 1960

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.
by N.Y.Cab
Tue Mar 31, 2020 7:04 pm
Forum: Investing - Theory, News & General
Topic: Has Your Asset Allocation Strategy Changed?
Replies: 73
Views: 3917

Re: Has Your Asset Allocation Strategy Changed?

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.
by N.Y.Cab
Sat Feb 15, 2020 7:09 am
Forum: Investing - Theory, News & General
Topic: How does time in mutual fund (VTSAX) affect quarterly dividend
Replies: 26
Views: 3269

Re: How does time in mutual fund (VTSAX) affect quarterly dividend

For money market or bond funds, there is accrued dividend that grows daily. At Vanguard it’s under Balances by date tab.
by N.Y.Cab
Fri Feb 14, 2020 3:15 pm
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 555
Views: 76482

Re: Your USER NAME...what does it mean?

I just enjoy driving around town on weekends. It’s no problem talking to me.
by N.Y.Cab
Tue Feb 11, 2020 6:21 pm
Forum: Personal Investments
Topic: a few clarifiying questions before roth conversion
Replies: 14
Views: 1120

Re: a few clarifiying questions before roth conversion

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.
by N.Y.Cab
Sun Feb 09, 2020 10:02 am
Forum: Personal Consumer Issues
Topic: Deciding whether the grass is greener- city job or stay rural?
Replies: 17
Views: 1349

Re: Deciding whether the grass is greener- city job or stay rural?

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.