Search found 590 matches

by bradpevans
Wed Nov 13, 2019 12:13 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11135

Re: Saving seats on Southwest

I was thinking people bashing SW must have never been on Spirit. The last time I took Spirit, the plane looked very new and none of the seats reclined. That was my last flight on Spirit. I love Spirit. After getting done with the nickle and dime on the site to get the seats assigned and pay for a c...
by bradpevans
Tue Nov 12, 2019 9:51 pm
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 53
Views: 2392

Re: Roth 401K or Taxable

I am actually considering pairing down our taxable account in 2020. My wife is not working and our marginal tax rates are lower than they may ever be. Sell $50k of taxable (over some period) with minimal gains, put it in my checking account (replace some paycheck). Max pre-tax 401k and stuff as muc...
by bradpevans
Mon Oct 28, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff
Replies: 55
Views: 3996

Re: Mortgage payoff

Wow...so many questions...don't want yo give too many details. This is 401k pre-tax $. Our balance is $250k. By calculations I can pull $168k, pay the tax from that leaving sufficient funds to pay half, and then pay the remaining Jan 2020. We are currently at 22%, and as long as we stay under the m...
by bradpevans
Mon Oct 28, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Window well problems
Replies: 10
Views: 686

Re: Window well problems

my first thought is that the water from the pump is not getting far enough away from the house (or far enough away from the window well). Our house had a similar issue (moisture pushing basement wall in). The "water out" line wasn't working correctly, so the water was more or less doing a re-circula...
by bradpevans
Sun Oct 27, 2019 7:06 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20503

Re: Total stock market or individual stocks?

michaeljmroger: I find it difficult to believe that it can be advantageous to sell a very tax-efficient total stock market index fund (plus pay the capital-gain tax) and then attempt to replicate a total stock market fund by buying individual stocks. Please run this by a reliable tax-accounting fir...
by bradpevans
Sat Oct 26, 2019 4:13 pm
Forum: Personal Investments
Topic: Retiring at 62
Replies: 17
Views: 2515

Re: Retiring at 62

I will be 62 next may. I currently have 752000 in my 401k. I will be eligible for a 1000.00 pension and 1750.00 in social security. I am thinking of withdrawing 2000 a month from my 401k. This would give me 4750.00/month. I am currently living off 3750.00 /month. Even having to purchase health insu...
by bradpevans
Thu Oct 24, 2019 11:14 am
Forum: Personal Investments
Topic: Semi-seasoned Boglehead looking for review
Replies: 15
Views: 1635

Re: Semi-seasoned Boglehead looking for review

On the Taxable gains you may wish to tax GAIN harvest.
Essentially you sell and buy right back, re-establishing your basis at today's price.
Tax impact on the gain, yes. But at 0%....
by bradpevans
Fri Oct 18, 2019 12:36 pm
Forum: Personal Investments
Topic: Trad IRA & Mega Back Door Roth?
Replies: 17
Views: 1090

Re: Trad IRA & Mega Back Door Roth?

At age 37 should I get my head and hands wrapped around this now? Or is this more of a strategy that I would deploy when I get closer to retirement? It is definitely better to figure it out earlier rather than later. You're only able to do things like Mega Backdoor Roth IRA if you're working at an ...
by bradpevans
Sat Oct 12, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I invest in a ski in / ski out condo?
Replies: 50
Views: 5296

Re: Should I invest in a ski in / ski out condo?

It’s a lifestyle decision rather than an investment. Many things in life are lifestyle choices: how much to spend on clothes, on food, on cars, on vacations

For me (and I LOVE skiing) my concern would be that you are somewhat restricted to “that” resort. But if that’s where you always go...
by bradpevans
Fri Oct 11, 2019 9:03 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 10
Views: 1030

Re: Roth conversion

I’m 66 and retired. When I start taking SS at around 69 I’ll be able to meet all my needs + on pension + SS (120K) The mandatory RMDS from my non-Roth IRA will definitely move me into more taxable environment I’m thinking of converting some of my current IRA to Roth IRA over the next 3 years to hel...
by bradpevans
Fri Oct 11, 2019 8:59 pm
Forum: Personal Investments
Topic: Still contribute to my ROTH IRA?
Replies: 17
Views: 1724

Re: Still contribute to my ROTH IRA?

I just was forced to retire at 67. The last 15 years I just contributed to my Roth 401K - and I thank me for doing just that maxing out my contributions. I do not want to pay the tax man - and it makes a big difference when u retire to have much more in a Roth - than in a traditional IRA, in my vie...
by bradpevans
Tue Oct 08, 2019 7:51 pm
Forum: Personal Investments
Topic: TLH: What Winner to Sell to Use the Loss?
Replies: 5
Views: 514

Re: TLH: What Winner to Sell to Use the Loss?

I am sure I am not the first Boglehead who has had a secret vice and is determined to reform. In my case, the dirty secret has been BRSIX (Bridgeway Ultra-Small Company Market), a microcap fund whose tax inefficiency has long bothered me. I recently realized that given its poor performance, I could...
by bradpevans
Mon Oct 07, 2019 9:41 pm
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13961

Re: Currently invested in 100% stock

In any case if a person wants "protection" from loss of money when stocks fall, then you get that in proportion to the degree you don't invest in stocks. However, the picture is not complete. Investing in stocks is an evolution over time. You can't think only of a one time event without considering...
by bradpevans
Mon Oct 07, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital website?
Replies: 26
Views: 2370

Re: Personal Capital website?

sonosoldi3112 wrote:
Mon Oct 07, 2019 9:18 pm
Yes .. I use PC .. love it ... some here do not wish to share passwords but I find the site invaluable.
Very happy personal capital and it’s free. You will get calls and emails trying to sign you up for their services but you’re under no obligation to do so
by bradpevans
Sat Oct 05, 2019 9:11 am
Forum: Personal Investments
Topic: IRA to Roth conversion
Replies: 9
Views: 1239

Re: IRA to Roth conversion

I took a year off work this year to pursue some personal goals. Thus no income for 2019. I believe this is an ideal time to convert funds from an IRA to Roth, correct? Obviously the goals is to minimize taxes so I'll figure out the tax brackets and convert as much as I can. My main question - Can I...
by bradpevans
Fri Oct 04, 2019 7:28 pm
Forum: Personal Investments
Topic: IRA to Roth conversion
Replies: 9
Views: 1239

Re: IRA to Roth conversion

I took a year off work this year to pursue some personal goals. Thus no income for 2019. I believe this is an ideal time to convert funds from an IRA to Roth, correct? Obviously the goals is to minimize taxes so I'll figure out the tax brackets and convert as much as I can. My main question - Can I...
by bradpevans
Wed Oct 02, 2019 10:20 am
Forum: Personal Investments
Topic: Mega backdoor right for me?
Replies: 9
Views: 524

Re: Mega backdoor right for me?

+1 to EnjoyIt’s recommendation. “Indirectly” means filling out the entire $62k space with t401k or r401k for the first $25k, and the next $37k into the MBR (less employer match, of course). Even if that means the paycheck is essentially $100 or so for the entire two weeks /15 days. Live off the tax...
by bradpevans
Wed Oct 02, 2019 8:12 am
Forum: Personal Investments
Topic: Mega backdoor right for me?
Replies: 9
Views: 524

Re: Mega backdoor right for me?

If your income / lifestyle allow it, i think its the way to go. Once you fill your 19K/25K, your options are: spend it invest in taxable invest in After Tax, move to Roth With taxable you get: Tax Loss / Tax Gain Harvest, 15% (or 20 or 23.8) LTCG With Roth you lose the Harvesting options, and you ha...
by bradpevans
Tue Oct 01, 2019 7:55 pm
Forum: Personal Consumer Issues
Topic: Non stick pan preference?
Replies: 46
Views: 3546

Re: Non stick pan preference?

We like the pair of Calphalon Unison pans we bought in 2015 - they've held up far better than other pans we've bought. The nonstick finish still looks new after four years of frequent use. The price on Amazon was about $50 for the pair, which was a steal. It's now $135. I have the Calohalon Elite s...
by bradpevans
Tue Oct 01, 2019 12:33 pm
Forum: Personal Investments
Topic: When to Tax loss harvest & portfolio benchmarking
Replies: 10
Views: 1052

Re: When to Tax loss harvest & portfolio benchmarking

I have 2 questions, unrelated 1) I inherited a stock which was passed on to me which had already had a huge decline from $100k to $8k (unfortunately my granny had a diff investing theory as I :oops: ), I am able to recognize the loss for tax loss harvesting as I was able to transfer it in-kind with...
by bradpevans
Tue Oct 01, 2019 12:27 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth through Fidelity
Replies: 22
Views: 2006

Re: Mega Backdoor Roth through Fidelity

For those of you who partake in the Mega Backdoor Roth through Fidelity, would you mind detailing your investments and process for contributions and conversions? I currently have a 401K account, a Brokerage Link account, and a Brokerage Link - Roth account through Fidelity. I originally intended to...
by bradpevans
Tue Oct 01, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Taking Capital Gains in a Low Income Year
Replies: 16
Views: 1900

Re: Taking Capital Gains in a Low Income Year

Scenario: Make 5-10k income for year. Next year expect to make significantly more income. Have 2 funds with 7k long term capital gains and 4k short term capital gains. Should I sell 2 funds and consolidate to Prime Money Market Fund? (These are LT TaxExempt Bond Funds I would like to consolidate fo...
by bradpevans
Fri Sep 27, 2019 9:36 am
Forum: Personal Investments
Topic: Roth IRA Conversion
Replies: 29
Views: 1923

Re: Roth IRA Conversion

We have traditional IRA's and was wondering about converting to a Roth IRA. Why would one not convert over time our (my wife and I) traditional IRA’s to Roth IRA’s when we turn 59.5? Other considerations - 1) We don’t need the money now since I have a pension and both my wife and I are still workin...
by bradpevans
Thu Sep 26, 2019 9:55 am
Forum: Personal Investments
Topic: 401k Contribution - help me think this through
Replies: 14
Views: 1006

Re: 401k Contribution - help me think this through

you dont list your age(s) but are Roth conversions in the plan?

i.e. Income --> 401K, retire, convert to Roth at low marginal rates

this may afford greater savings / might allow retiring sooner / might lessen RMD hit at 70.5
by bradpevans
Wed Sep 25, 2019 11:52 am
Forum: Personal Investments
Topic: Mega Backdoor Roth through Fidelity
Replies: 22
Views: 2006

Re: Mega Backdoor Roth through Fidelity

Interesting approach. I'm not sure I follow the part on the tax benefits of a loss - unless you are comparing to a brokerage account. In other words, neither Traditional 401k nor Roth really have gains or losses: its simply income you have deferred taxes on (traditional) or you have already paid th...
by bradpevans
Wed Sep 25, 2019 9:24 am
Forum: Personal Investments
Topic: Mega Backdoor Roth through Fidelity
Replies: 22
Views: 2006

Re: Mega Backdoor Roth through Fidelity

My Fidelity setup is: 1. New 401k contributions go into a money market 2. The day money shows up in my 401k, I call a Fidelity Retirement specialist to rollover the after tax 401k to my Fidelity Roth IRA. If I have time in the day I'll dial the phone extension of a particular Fidelity rep who knows...
by bradpevans
Wed Sep 25, 2019 9:15 am
Forum: Personal Investments
Topic: Advice, for recently "discovered" stock grants (RSU's?)
Replies: 18
Views: 1029

Re: Advice, for recently "discovered" stock grants (RSU's?)

My wife has been at a company for about 7 years. She has earned about 1-2 lots of stock grants per year that vest in batches over the course of 3 years each time. I believe these are referred to by industry/law as RSU's. When they vest, some are automatically sold to cover taxes (income tax? I thin...
by bradpevans
Tue Sep 24, 2019 9:10 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth through Fidelity
Replies: 22
Views: 2006

Re: Mega Backdoor Roth through Fidelity

Everything appears commingled together, but they break it out by percentage. Sources PRIOR PLAN PRETAX 72.34% PRIOR COMPANY 9.40% ROTH DEFERRAL 9.01% RIPC RESTRICTED I EE 5.95% ADDITIONAL COMPANY MATCH 1.99% COMPANY MATCH 1.31% Thanks so much for the reply. So, as a sanity check, you initially allo...
by bradpevans
Tue Sep 24, 2019 11:47 am
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13961

Re: Currently invested in 100% stock

Nothing wrong with 100% stock. The question is, will you remain 100% stock if/when your investments decline 40%, 50%, 60%, or more? At the OP's age (and for a while yet) this also has the impact the current contributions are bought cheap. In other words, when you are still accumulating then you get...
by bradpevans
Tue Sep 24, 2019 11:40 am
Forum: Investing - Theory, News & General
Topic: What is the highest "safe" withdrawal rate for a 15 year period?
Replies: 44
Views: 3637

Re: What is the highest "safe" withdrawal rate for a 15 year period?

Actually, if I just take $24,000 times 15 I get $360,000 which is $74,000 less than my principal of $434,000. So, as long as my asset allocation can keep up with inflation, then I have more than enough. For sure. With CD ladder /TIPS you can do a little better yet (as in have more than $74K left af...
by bradpevans
Wed Sep 18, 2019 10:30 pm
Forum: Personal Investments
Topic: Roth IRA - Contributing too much too soon? (21 y/o)
Replies: 25
Views: 2189

Re: Roth IRA - Contributing too much too soon? (21 y/o)

MNGopher wrote:
Wed Sep 18, 2019 9:09 pm
Now is the perfect time to load up the Roth. Your 60 year old self will be amazed and thankful for all the growth.
Or your 26 your old self
by bradpevans
Tue Sep 17, 2019 7:43 pm
Forum: Personal Investments
Topic: Fidelity 401k automatically convert after-tax balances to Roth?
Replies: 19
Views: 1098

Re: Fidelity 401k automatically convert after-tax balances to Roth?

My megacorp has this with fidelity The money is allocated to the same buckets as pre tax and they track the “source” - as in pre tax or post tax For $20 I can liquidate to cash, move to Roth IRA and there i have access to nearly any security / stock/ fund etc. We also have the 401k —> Rollover IRA o...
by bradpevans
Tue Sep 17, 2019 3:22 pm
Forum: Personal Consumer Issues
Topic: Best drywall Anchors for hanging curtains
Replies: 30
Views: 2045

Re: Best drywall Anchors for hanging curtains

You hung a 65" tv w/o a single fastener in a stud? All drywall anchors? Wow Edit to add: Why? While I would never do it myself, and every manufacturer of TV wall mounts says don't do it, a 65" TV only weighs 52 pounds (Samsung anyway). The spec for that anchor says "up to 80 pounds", so if you used...
by bradpevans
Tue Sep 17, 2019 3:17 pm
Forum: Personal Consumer Issues
Topic: Best drywall Anchors for hanging curtains
Replies: 30
Views: 2045

Re: Best drywall Anchors for hanging curtains

I've found the snap-toggle style drywall anchors to be the strongest for that sort of thing. But you would need to use the bolts that come with them rather than screws so it may not work for your specific application. They are easy to find at Home Depot and Lowes but here they are on Amazon. https:...
by bradpevans
Thu Sep 12, 2019 1:58 pm
Forum: Personal Consumer Issues
Topic: Best drywall Anchors for hanging curtains
Replies: 30
Views: 2045

Re: Best drywall Anchors for hanging curtains

I've found the snap-toggle style drywall anchors to be the strongest for that sort of thing. But you would need to use the bolts that come with them rather than screws so it may not work for your specific application. They are easy to find at Home Depot and Lowes but here they are on Amazon. https:...
by bradpevans
Wed Sep 04, 2019 12:06 pm
Forum: Personal Consumer Issues
Topic: Home warranty - is it worth the money?
Replies: 37
Views: 3124

Re: Home warranty - is it worth the money?

I may be in the minority here, but I had a home warranty included with the purchase of my home. Last year, after being unable to fix our dishwasher (two service calls over an approx. 2 week period), they cut us a check for a new one including install/disposal costs. My appliances are all 10+ years ...
by bradpevans
Wed Sep 04, 2019 7:48 am
Forum: Personal Investments
Topic: Mega Backdoor Roth Questions
Replies: 34
Views: 2930

Re: Mega Backdoor Roth Questions

P.S. The easiest thing to do is roll everything to Roth IRA and pay taxes on the pre-tax money (the earnings that have accrued on your contributions). I agree with this route. If you had the ability to "instantly" transfer, then all the growth happens inside the Roth, which is the whole point. The ...
by bradpevans
Wed Sep 04, 2019 7:34 am
Forum: Personal Investments
Topic: New job - Employer Roth and 401k(pre-tax) contributions
Replies: 15
Views: 713

Re: New job - Roth 401k(pre-tax) contributions

So the new company has both 401k pre-tax and roth contribution options available I'm 15 years away from retirement thoughts? Does your plan allow the "mega-backdoor Roth"? In other words: Paycheck --> After Tax 401k --> Roth IRA This requires both After Tax 401k (in) and "in service rollover" (to R...
by bradpevans
Tue Sep 03, 2019 11:09 pm
Forum: Personal Investments
Topic: 100% asset allocation in single stock, want to sell and put in 3 fund portfolio
Replies: 12
Views: 1591

Re: 100% asset allocation in single stock, want to sell and put in 3 fund portfolio

"Extreme" or not, it's a historical fact. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2900447: "Four out of every seven common stocks that have appeared in the CRSP database since 1926 have lifetime buy-and-hold returns less than one-month Treasuries. When stated in terms of lifetime dollar...
by bradpevans
Tue Sep 03, 2019 10:32 pm
Forum: Personal Investments
Topic: 100% asset allocation in single stock, want to sell and put in 3 fund portfolio
Replies: 12
Views: 1591

Re: 100% asset allocation in single stock, want to sell and put in 3 fund portfolio

Apple ? You just might want to keep it. Do indexing with new money. Most individual stocks underperform T-bills. Especially the ones that recently outperformed. I'd sell, but with caution around the capital gains tax hit. Also, if you plan to donate money this year, make sure to do it in the form o...
by bradpevans
Tue Sep 03, 2019 10:41 am
Forum: Personal Investments
Topic: Possible to put too much into tax advantaged vs taxable?
Replies: 33
Views: 3738

Re: Possible to put too much into tax advantaged vs taxable?

With deferred, it 0% tax now and some >= 0 tax later With taxable, its marginal now + some >= 0% LTCG later. In the "too much tax advantaged" arena, there is a huge difference between: retire early, defer pension, defer SS, do Roth conversions versus work till 70, large pension (no Roth conversions)...
by bradpevans
Thu Aug 29, 2019 9:57 pm
Forum: Personal Investments
Topic: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?
Replies: 12
Views: 940

Re: To SPIA or not to SPIA? Should We Invest Pension Cash in an Annuity?

SPIA gives longevity insurance (and perhaps cognitive decline insurance). But it may not go in your favor / nit as easy (not possible) to pass along to heirs. Much of the payments early are “your money” so it can have different tax implications depending on how it was funded Investing gives you the ...
by bradpevans
Wed Aug 28, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1485
Views: 105282

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Time to rebalance? On March 22 (inside my Roth account FWIW) i bought two parts UPRO and three parts TMF for a 40:60 ratio Today its more like 2 part / 5 parts, or a 28:72 ratio This chart starts with March 22, 2019 https://i.postimg.cc/GmnQWnrt/image.png Mid May, early July, early August (wherever ...
by bradpevans
Tue Aug 27, 2019 3:23 pm
Forum: Personal Consumer Issues
Topic: Passport Photos
Replies: 27
Views: 2070

Re: Passport Photos

jebmke wrote:
Tue Aug 27, 2019 3:18 pm
Probably cheaper than that if you take your own picture and have them print it on their printer.
so long as you get the dimensions within the allowed limits..
by bradpevans
Tue Aug 27, 2019 10:36 am
Forum: Investing - Theory, News & General
Topic: A withdrawal strategy without sequence of return risk (kind of)
Replies: 47
Views: 3221

Re: A withdrawal strategy without sequence of return risk (kind of)

I am not a big fan of LMP, but will make a few observations here. 1) This seems unnecessarily complicated. Complicated, yes. But not unnecessarily so. The end result will be pretty neat if we can get to it--removing sequence of return risk over prior years and reducing risk. 2) With all the moving ...
by bradpevans
Fri Aug 23, 2019 2:52 pm
Forum: Personal Consumer Issues
Topic: Skunks keep coming in our yard!
Replies: 44
Views: 3220

Re: Skunks keep coming in our yard!

Last night at 3:30 AM my dog got sprayed not once but TWICE :oops: . To top it off all the windows in the house were open too :x Dogs and humans are the only creatures that will get sprayed more than once https://www.humanesociety.org/resources/de-skunking-your-dog ^^^ this will help remove the sme...
by bradpevans
Tue Aug 20, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 64
Views: 8671

Re: Are we financially okay?

I've made edits to the original post to provide more details: Investments: Cash/MM/CD - $2M @ ~2% interest rate or ~$40K interest income/yr Stocks - $2M (~$1M in 401K/ROTH/IRA and then $125K in 529) Bond - $100K Mortgage Debt of $800K (equity of ~$600K) @ 4% Despite being negative cash flow until D...
by bradpevans
Sat Aug 17, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Can SS benefits continue to increase if still working after claiming?
Replies: 10
Views: 1328

Re: Can SS benefits continue to increase if still working after claiming?

rai wrote:
Sat Aug 17, 2019 8:36 am
Is it wise to take SS while still working and pay taxes? Might be better tapping your taxable savings if needed. I never understand why someone would claim at 62 if still making significant income from work.
I sure wouldn’t...
by bradpevans
Fri Aug 16, 2019 10:14 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 1836

Re: Single-stock investing in taxable or Roth?

Roth if it goes up
Taxable if it goes down

I’d go Roth ( but I have access to mega backdoor Roth, so my Roth space isn’t filled yet)
by bradpevans
Wed Aug 14, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security -- Take it at 62, 67 or 70
Replies: 329
Views: 28718

Re: Social Security -- Take it at 62, 67 or 70

I’m curious if this would be informative:
Price out SPIA at age 62 such that payout = your SS benefit at 62
Do this for 63 to 70, adjusting the premium each year such that the payout = SS amount

What type of returns would you need to keep up with the SPIA payment?