Search found 55 matches

by bhinvirginia
Tue Sep 29, 2020 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra taxes in QuickBooks
Replies: 0
Views: 197

Paying extra taxes in QuickBooks

Hi Everyone,

I would like to send in an extra tax payment through QuickBooks payroll, but I can’t create a negative check since it’s more than the pay. Does anyone know of a way to do this?

Thanks!
by bhinvirginia
Sun Sep 06, 2020 10:56 am
Forum: Personal Investments
Topic: Muni as part of FI
Replies: 8
Views: 858

Re: Muni as part of FI

Thanks all, I like the USAA option as well. It seems the consensus is to not go crazy with them. I will start with a small allocation. I had also read a Blackrock report that munis could see some volatility in the short-term.
by bhinvirginia
Sat Sep 05, 2020 10:44 pm
Forum: Personal Investments
Topic: Muni as part of FI
Replies: 8
Views: 858

Re: Muni as part of FI

Thanks! Looks like I’m in the right target range. I looked at PRVAX bc it’s no transaction fee at fidelity. Another option is BHV (ishares VA muni). Do you think there is a difference between the two?
by bhinvirginia
Sat Sep 05, 2020 9:45 pm
Forum: Personal Investments
Topic: Muni as part of FI
Replies: 8
Views: 858

Muni as part of FI

Hi Everyone, Following up on another thread, am in 70/30 with 30% in total bond. I’m in the 35% tax bracket and live in VA with a 5.75% state tax. I’m considering PRVAX (TRP VA municipal) for a portion of my taxable. It seems like munis could be a good choice given my tax bracket. I’m confused about...
by bhinvirginia
Sat Aug 29, 2020 10:53 am
Forum: Personal Investments
Topic: Where to put 30% of 70/30
Replies: 8
Views: 919

Re: Where to put 30% of 70/30

Thanks all for the great replies. Looks like I’m ok with my current strategy. You’re right I may need to filter some of the chatter out.
by bhinvirginia
Sat Aug 29, 2020 9:38 am
Forum: Personal Investments
Topic: Where to put 30% of 70/30
Replies: 8
Views: 919

Where to put 30% of 70/30

Hi Everyone, I have been reading a lot of threads where folks have been saying they are shifting their FI allocation to cash, CDs, high yield savings given low rates. Currently my FI allocation is in Total Bond. I have a 20 year horizon to retirement, I wanted to get thoughts on whether 1) Stay the ...
by bhinvirginia
Sat Aug 15, 2020 8:02 pm
Forum: Personal Investments
Topic: Munis in Taxable
Replies: 6
Views: 763

Re: Munis in Taxable

Thanks! Forgot to mention I’m in the 35% bracket, which is why I thought it could be a good option.
by bhinvirginia
Sat Aug 15, 2020 7:41 pm
Forum: Personal Investments
Topic: Munis in Taxable
Replies: 6
Views: 763

Munis in Taxable

I am currently 100% equities in taxable. What are thoughts about a municipal allocation to buffer a downturn? It seems if I can find a state muni that it totally exempt then that could be a tax efficient way to have bonds in taxable.
by bhinvirginia
Fri Aug 14, 2020 2:01 pm
Forum: Personal Investments
Topic: Portfolio Allocation
Replies: 6
Views: 616

Re: Portfolio Allocation

Thanks! Did not realize that about gold. I will look into. Re: real estate yes it’s the one sector I would like be a little overweight. For the rest I will just continue to invest in the broader stock index.
by bhinvirginia
Fri Aug 14, 2020 12:48 pm
Forum: Personal Investments
Topic: Portfolio Allocation
Replies: 6
Views: 616

Re: Portfolio Allocation

Thanks Stan, yes plan to keep gold for the long haul. Good point on VNQ, is there another REIT index you like?
by bhinvirginia
Fri Aug 14, 2020 12:25 pm
Forum: Personal Investments
Topic: Portfolio Allocation
Replies: 6
Views: 616

Portfolio Allocation

Hi Everyone, I’m in the process of setting up my portfolio with Fidelity, moving over from a FA. I have been reading about the three fund, and am also intrigued by the Core 4. I’m thinking about growth but with some ballast to offset any downturn in equities. I’m thinking about: 40% US Stock (VTI, I...
by bhinvirginia
Sun Jul 19, 2020 11:32 pm
Forum: Personal Investments
Topic: Vanguard Tax Efficiency Patent
Replies: 32
Views: 1871

Re: Vanguard Tax Efficiency Patent

Yes you’re right about potentially overrating the issue. I am thinking about ITOT in taxable for the 500K. Fidelity total stock market has ER of .015 percent, which isn’t bad either. I thought about perhaps dividing it 50/50 between those two, and then if TLH opportunities arise I could swap between...
by bhinvirginia
Sun Jul 19, 2020 2:40 pm
Forum: Personal Investments
Topic: Treating Taxable and Tax-Deferred as One
Replies: 13
Views: 1299

Re: Treating Taxable and Tax-Deferred as One

The comments make sense, I guess it's more risk aversion at the idea of not having money when needed. I could also compensate with a healthy emergency fund. I think once I start rebalancing the fears will likely go away.
by bhinvirginia
Sun Jul 19, 2020 2:22 pm
Forum: Personal Investments
Topic: Treating Taxable and Tax-Deferred as One
Replies: 13
Views: 1299

Re: Treating Taxable and Tax-Deferred as One

Yes good point - could be a size issue and the absolute number is more of a concern than the proportion to deferred, my taxable is sitting at around 500K. I think that's what has me nervous.
by bhinvirginia
Sun Jul 19, 2020 2:15 pm
Forum: Personal Investments
Topic: Treating Taxable and Tax-Deferred as One
Replies: 13
Views: 1299

Treating Taxable and Tax-Deferred as One

Hi All, I've seen some comments about treating taxable and deferred as one account for the purposes of asset allocation. Couple that with the notion that fixed income should be in deferred, this for me would lead to 100% of taxable to be in the total stock market index to have an overall 70/30 AA. R...
by bhinvirginia
Sun Jul 19, 2020 2:10 pm
Forum: Personal Investments
Topic: Vanguard Tax Efficiency Patent
Replies: 32
Views: 1871

Re: Vanguard Tax Efficiency Patent

Thanks!
by bhinvirginia
Sat Jul 18, 2020 12:22 pm
Forum: Personal Investments
Topic: Fixed Income Allocation
Replies: 12
Views: 957

Re: Fixed Income Allocation

Over time in tax deferred is 20-30 years. Taxable is a bit unknown. I don’t expect to pull capital out, and will just keep putting money in periodically.

35% tax bracket.
by bhinvirginia
Sat Jul 18, 2020 11:37 am
Forum: Personal Investments
Topic: Fixed Income Allocation
Replies: 12
Views: 957

Re: Fixed Income Allocation

Thanks all. Thinking of an ishares short term bond ETF since it seems like ETFs in taxable are better. For same reason I would do ishares total stock index for equities. Are ishares and VG ETFs similar?

That said I will our less than the 20% given the comments about looking at the whole portfolio.
by bhinvirginia
Sat Jul 18, 2020 10:26 am
Forum: Personal Investments
Topic: Vanguard Tax Efficiency Patent
Replies: 32
Views: 1871

Re: Vanguard Tax Efficiency Patent

Ok yes see that ishares might be a good option. if I go ishares which would you suggest for:

Total stock market index
Total bond market index
Short term bond index
Intl stock index
Intl bond index
by bhinvirginia
Sat Jul 18, 2020 10:11 am
Forum: Personal Investments
Topic: Vanguard Tax Efficiency Patent
Replies: 32
Views: 1871

Re: Vanguard Tax Efficiency Patent

Good to know, in terms of the ETFs in taxable would the Fidelity index ETFs (stock market and bond) be just as good as the corresponding VG ETFs?
by bhinvirginia
Sat Jul 18, 2020 9:52 am
Forum: Personal Investments
Topic: Vanguard Tax Efficiency Patent
Replies: 32
Views: 1871

Re: Vanguard Tax Efficiency Patent

So to lay it out as I continue to overthink, here are my options and would welcome thoughts: Fidelity Move the 500K in taxable (another 1M in deferred so not as worried about efficiency there). Fidelity funds in the deferred space. Invest in VG ETFs in taxable and eventually perhaps get the cash bac...
by bhinvirginia
Sat Jul 18, 2020 9:03 am
Forum: Personal Investments
Topic: Vanguard Tax Efficiency Patent
Replies: 32
Views: 1871

Re: Vanguard Tax Efficiency Patent

Great, good to know. I'm probably stressing more about the Fidelity vs. Vanguard question more than I should, but tilting toward Fidelity given the local office presence if ever needed.
by bhinvirginia
Sat Jul 18, 2020 8:56 am
Forum: Personal Investments
Topic: Vanguard Tax Efficiency Patent
Replies: 32
Views: 1871

Re: Vanguard Tax Efficiency Patent

Thanks, yes definitely buy and hold. I was looking at the Fidelity Total Market Index fund, but then this notion of tax efficiency came up. So would you recommend going with the VG ETF over the Fidelity Index fund? Or are the differences negligible even at balances north of 500K?
by bhinvirginia
Sat Jul 18, 2020 8:32 am
Forum: Personal Investments
Topic: Vanguard Tax Efficiency Patent
Replies: 32
Views: 1871

Re: Vanguard Tax Efficiency Patent

Thanks just updated post that that planning for funds. I’ve never done ETFs and funds seem cleaner. Would ETFs at Fidelity be similar to the fund at VG?
by bhinvirginia
Sat Jul 18, 2020 8:24 am
Forum: Personal Investments
Topic: Vanguard Tax Efficiency Patent
Replies: 32
Views: 1871

Vanguard Tax Efficiency Patent

I’ve been reading about this patent for tax efficiency. I’m in the process of deciding between VG and Fidelity.

With about 500K in taxable is this patent a differentiator that tilts toward VG?

I is anticipate the 500K will be 60% total stock market index and 40% total bond, both admiral shares.
by bhinvirginia
Sat Jul 18, 2020 12:10 am
Forum: Personal Investments
Topic: Tax Loss Harvesting
Replies: 13
Views: 854

Re: Tax Loss Harvesting

Thanks and yes I would like to DIY. I saw some YouTube videos on the intelligent portfolio offering and I wasn’t blown away. I just didn’t know about the TLH benefits but sounds like it’s not a game changer.
by bhinvirginia
Sat Jul 18, 2020 12:08 am
Forum: Personal Investments
Topic: Fixed Income Allocation
Replies: 12
Views: 957

Re: Fixed Income Allocation

Thanks! I’m in the process of setting up my accounts at either Fidelity or Vanguard (haven’t decided yet). I will be transferring from another brokerage, and will convert to the house index funds. I’m planning for a 60/40 split on about 1.5M. Bonds in tacable would be solely to provide a hedge again...
by bhinvirginia
Fri Jul 17, 2020 11:44 am
Forum: Personal Investments
Topic: Tax Loss Harvesting
Replies: 13
Views: 854

Re: Tax Loss Harvesting

Thanks H-Town, I'm moderately comfortable with asset allocation and will stay disciplined about riding through downturns. Do you see any benefits with going with robo vs DIY?
by bhinvirginia
Fri Jul 17, 2020 11:14 am
Forum: Personal Investments
Topic: Tax Loss Harvesting
Replies: 13
Views: 854

Re: Tax Loss Harvesting

Thanks!, makes sense on doing the opportunistic harvesting and rebalancing. Might be a dumb question but how do I set up an alert like the one you mentioned? Would it be through the brokerage website?
by bhinvirginia
Fri Jul 17, 2020 11:00 am
Forum: Personal Investments
Topic: Fixed Income Allocation
Replies: 12
Views: 957

Fixed Income Allocation

Another question that has been on my mind. When allocating my Fixed Income I am thinking about the a Total Bond Index for tax-deferred accounts, and Short-term Bond fund for taxable accounts. My thought is any price fluctuations with Total Bond will work out over time, while I minimize my risk in th...
by bhinvirginia
Fri Jul 17, 2020 10:33 am
Forum: Personal Investments
Topic: Tax Loss Harvesting
Replies: 13
Views: 854

Re: Tax Loss Harvesting

Thanks, yes hadn't thought about the 1099 impact. I'm debating between DIY and robo, leaning toward robo with once a year harvesting. Rebalancing every quarter perhaps.
by bhinvirginia
Fri Jul 17, 2020 10:27 am
Forum: Personal Investments
Topic: Tax Loss Harvesting
Replies: 13
Views: 854

Tax Loss Harvesting

Hi Everyone, I see one of the benefits of robo-advisors is that they continually tax-loss harvest, I think I've seen one that says it does it daily. I always thought tax loss harvesting was something done once at the end of the year. Is there an efficiency benefit from more frequent harvesting? Than...
by bhinvirginia
Thu Jun 25, 2020 4:06 pm
Forum: Personal Investments
Topic: Roth 401K vs Traditional
Replies: 70
Views: 3225

Re: Roth 401K vs Traditional

I like that solution about retiring early :) I think I will continue with traditional, then mega backdoor into Roth as long as I can with this employer. If I lose that ability at some point, and my next employer allows a Roth 401K then I can start doing that.
by bhinvirginia
Thu Jun 25, 2020 12:56 pm
Forum: Personal Investments
Topic: Roth 401K vs Traditional
Replies: 70
Views: 3225

Re: Roth 401K vs Traditional

So all numbers are joint for my wife and I. We both have a combined $1.3M in tax-deferred accounts, another $300K in taxable. Our combined income is around $350K but again that can go up or down a bit depending on bonus etc.. The effective tax rate from last year was from one of our better years whi...
by bhinvirginia
Wed Jun 24, 2020 11:20 pm
Forum: Personal Investments
Topic: Roth 401K vs Traditional
Replies: 70
Views: 3225

Re: Roth 401K vs Traditional

Awesome, this is great. Good point on maximizing the lower rates for the next few years to get some buildup in the Roth. I will continue with the pre-tax contribution, since I have the after-tax option where I can convert to Roth then I can do that for now.
by bhinvirginia
Wed Jun 24, 2020 10:37 pm
Forum: Personal Investments
Topic: Roth 401K vs Traditional
Replies: 70
Views: 3225

Re: Roth 401K vs Traditional

Thanks so much for your persistence in helping :) Income is about $350K (fluctuates a bit year), in Virginia and plan to retire in VA as well.
by bhinvirginia
Wed Jun 24, 2020 9:35 pm
Forum: Personal Investments
Topic: Roth 401K vs Traditional
Replies: 70
Views: 3225

Re: Roth 401K vs Traditional

Forgot about that, filed married jointly. For tax rate if I divide total tax by taxable income I get 24.9%. Is that the tax rate you're looking for?
by bhinvirginia
Wed Jun 24, 2020 8:34 pm
Forum: Personal Investments
Topic: Roth 401K vs Traditional
Replies: 70
Views: 3225

Re: Roth 401K vs Traditional

Thanks all, my comp froze earlier and my reply didn’t post. It’s been an interesting discussion. I was curious is there is an allocation model between roth and traditional, sort of like a general asset allocation model. You’ve helped me understand the different parameters to consider. As a baseline ...
by bhinvirginia
Wed Jun 24, 2020 3:51 pm
Forum: Personal Investments
Topic: Roth 401K vs Traditional
Replies: 70
Views: 3225

Roth 401K vs Traditional

Hi All, I've been historically contributing the max pre-tax each year to my 401K. I am starting to wonder if I should balance this out with Roth 401K contributions, my employer offers both in addition to after-tax contributions. I am starting after-tax contributions this year so I can backdoor into ...
by bhinvirginia
Thu Jun 04, 2020 6:49 pm
Forum: Personal Investments
Topic: DCA frequency
Replies: 24
Views: 1117

Re: DCA frequency

Thanks for the thoughtful replies. I never thought about things that way. I’m almost 45 and remember DCA bring gospel when I started learning about investing.
by bhinvirginia
Thu Jun 04, 2020 3:22 pm
Forum: Personal Investments
Topic: DCA frequency
Replies: 24
Views: 1117

Re: DCA frequency

I will need to see the thread about lump sum comparison. It seems to me that lump sum investing is timing the market which everyone would agree is not optimal.

In terms of context there isn’t much, I have about 50K and and won’t need the money for the foreseeable future.
by bhinvirginia
Thu Jun 04, 2020 1:04 pm
Forum: Personal Investments
Topic: DCA frequency
Replies: 24
Views: 1117

Re: DCA frequency

Thanks all, appreciate the thoughts. I read about the benefits of DCA, but seems to relate to investing money you receive on some frequency like a paycheck. I never understood what to do with lump sums, but this helps!
by bhinvirginia
Thu Jun 04, 2020 11:20 am
Forum: Personal Investments
Topic: DCA frequency
Replies: 24
Views: 1117

DCA frequency

Hi, if I have a lump sum to invest and want to DCA, what is the frequency you would recommend? I was thinking weekly or monthly, but curious about anyone’s thoughts. Thanks!
by bhinvirginia
Sat May 16, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay down mortgage
Replies: 7
Views: 795

Re: Invest or pay down mortgage

I think there is a nuance to this, it’s not as simple as saying a mortgage is a typical loan. It’s also your residence, and an illiquid asset for most people. For me personally, I don’t mind carrying a mortgage if I have liquid assets that can help cover the cost of the payment should I lose my job....
by bhinvirginia
Mon Feb 10, 2020 8:10 pm
Forum: Personal Investments
Topic: Should I refinance?
Replies: 5
Views: 383

Re: Should I refinance?

Awesome did not know about that site - thanks!
by bhinvirginia
Mon Feb 10, 2020 7:49 pm
Forum: Personal Investments
Topic: Should I refinance?
Replies: 5
Views: 383

Re: Should I refinance?

Cost is about $2K net of promo. I need to work through interest but I guess it will largely depend on how long we are in house? I’m thinking if we are 10 years in on a 30 fixed maybe it doesn’t make sense as much even with a lower rate.
by bhinvirginia
Mon Feb 10, 2020 7:25 pm
Forum: Personal Investments
Topic: Should I refinance?
Replies: 5
Views: 383

Should I refinance?

Hi Everyone,

I'm considering a refi. Current loan is 30 yr fixed at 4%, I'm 10 years in. I'm thinking of refinancing to a 15 yr at 3%, no points. I expect to be in the house at least 3-4 more years.

Thoughts on refinancing?
by bhinvirginia
Wed Nov 13, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC impact on credit score
Replies: 2
Views: 367

HELOC impact on credit score

We opened a HELOC as an emergency reserve. If we leave this untapped will this have an impact on my credit score (good or bad)? Thanks!
by bhinvirginia
Fri Sep 06, 2019 2:32 pm
Forum: Personal Investments
Topic: Does a FA make sense at a certain portfolio level?
Replies: 53
Views: 4636

Re: Does a FA make sense at a certain portfolio level?

One clarification, my FA is actually a RIA. So he's not an Edward Jones type, but has his own asset management company with the assets held at a bank.
by bhinvirginia
Fri Sep 06, 2019 2:23 pm
Forum: Personal Investments
Topic: Does a FA make sense at a certain portfolio level?
Replies: 53
Views: 4636

Re: Does a FA make sense at a certain portfolio level?

This has been great conversation and a healthy debate, and perfectly captures why I've been indecisive on it. I feel there is hidden value by managing TLH well, by making not structural changes but tweaks along the way, and in general having objectivity. I think I would be ok with a 3 fund approach,...