Search found 96 matches

by CrazyCatLady
Tue Apr 16, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 128
Views: 10176

Re: In Laws Retirement Nest Egg

I think people in this thread are being much too hard on the OP. Different cultures/families are different. In some, parents asking or needing money from their children is unheard of, as the whole focus of people's lives is to create a better life for their children. My gramma would rather starve t...
by CrazyCatLady
Mon Apr 15, 2019 7:42 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1195

Re: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)

A newbie question: Do you do convert all fund dollars to a common tax status when doing an asset allocation? This makes a bit of difference when the accounts are partitioned across different tax categories. For example, a 60/40 portfolio with all equities in Roth and all bonds in traditional 401, c...
by CrazyCatLady
Sun Apr 14, 2019 9:49 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1195

Re: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)

A newbie question: Do you do convert all fund dollars to a common tax status when doing an asset allocation? This makes a bit of difference when the accounts are partitioned across different tax categories. For example, a 60/40 portfolio with all equities in Roth and all bonds in traditional 401, c...
by CrazyCatLady
Sun Apr 14, 2019 12:41 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1195

Re: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)

Thanks everyone, I appreciate the help! Once I projected out contributions for the rest of the year as Nolesrules suggested, I realized if I changed my 401(k) allocations to be about 2/3 Bonds, 1/3 VTSAX and a little bit to Small Cap, by the end of the year I will only be about $15,000 short in bond...
by CrazyCatLady
Sun Apr 14, 2019 10:03 am
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1195

Re: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)

Just rebalance once a year or use tolerance bands so something doesn't get too out of kilter. Also, if you estimate how much you think you'll contribute to each account throughout the year, you just set your contribution allocations to each account based on how much of each will go into the account...
by CrazyCatLady
Sat Apr 13, 2019 4:07 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1195

Re: Rebalancing across accounts (need help from people mathematically smarter than me! :)

This is going to potentially ruin everything, but I suggest adding VWO (emerging) in taxable. It is a very tax efficient fund currently (not sure if it beats IXUS or not for you). Add VWO such that it reaches 0.22 / (1-0.22) of your value of Developed and keep IXUS. For example, if you have 200k in...
by CrazyCatLady
Sat Apr 13, 2019 3:55 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1195

Re: Rebalancing across accounts (need help from people mathematically smarter than me! :)

Don't use math at all. Simply guess and make trial-and-error guesses. This other thread is all about guessing: https://www.bogleheads.org/forum/viewtopic.php?t=150267 No spreadsheet(s) needed either. After reading that thread, please tell me what you think. Thanks! That is pretty interesting, and m...
by CrazyCatLady
Sat Apr 13, 2019 2:00 pm
Forum: Personal Investments
Topic: Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)
Replies: 16
Views: 1195

Allocating new contributions/rebalancing across accounts (need help from people mathematically smarter than me! :)

I added a taxable account this year and some of my allocations are getting skewed as a result. I am trying to figure out the best way to rebalance and then set my allocations going forward. It's a little complicated (to me at least) so please bear with me. My desired allocations are 41% US, 24% Inte...
by CrazyCatLady
Mon Apr 08, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes (itemize or not?)
Replies: 16
Views: 1173

Re: Taxes (itemize or not?)

Thanks everyone for the confirmation! That's what I figured, but taxes make me paranoid :)
by CrazyCatLady
Mon Apr 08, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Taxes (itemize or not?)
Replies: 16
Views: 1173

Taxes (itemize or not?)

Traditionally I have itemized. I ran the numbers, and I have enough deductions to itemize this year as well. However, I live in a state which requires you to itemize state if you itemize federal. My itemized deductions for state are about $2,000 less than the state standard deduction. If I don't ite...
by CrazyCatLady
Wed Apr 03, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Would like a review of my premium credit card usage portfolio
Replies: 47
Views: 2360

Re: Would like a review of my premium credit card usage portfolio

Looks pretty good to me! If you travel enough and can get value out of the Citi Prestige 4th night free benefit, that might be a good card to add. Excellent 5x points on travel and dining, and starting in May will have cell protection similar to the Uber card. 4th night will be limited to 2x a year...
by CrazyCatLady
Thu Mar 28, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Crossroad of what to do next?
Replies: 54
Views: 4556

Re: Crossroad of what to do next?

Not finance related, but you may want to think about the timing of switching schools. 7th grade puts them at about 13, and I can't think of much worse things for a teenager (especially teenage girls) than having to start over in a new school at that age unless some of their friends are switching wit...
by CrazyCatLady
Thu Mar 28, 2019 7:21 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 2823

Re: Allocation for Those Late to the Party

People on this board (myself included), freak out and think you can't retire with less than $2m. Then I remember my mom is retired on less than $100k in CDs and less than $2k per month in SS and pension (decent retirement including occasional travel), yet still saves at least $300 per month, so it i...
by CrazyCatLady
Wed Mar 27, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: Why is my retirement plan investing in private equity?
Replies: 19
Views: 1249

Re: Why is my retirement plan investing in private equity?

Hi there, I'm with OPERS Defined Contribution plan, they charge 60 dollars a year on management fee and their index funds (domestic and international) are 2 and 4 basis points so I like it very much. However, i just got an email from OPERS, stating that they invest almost 12 percent in private equi...
by CrazyCatLady
Sat Mar 23, 2019 3:18 am
Forum: Personal Investments
Topic: Most tax efficient small cap fund?
Replies: 12
Views: 843

Re: Most tax efficient small cap fund?

I'm scheduled to rebalance next week and the only place I have room to buy small cap is in taxable. I hold Vanguard Small Cap SP600 Value in my Roth IRA (VIOV) and Vanguard Small Cap Growth (VISGX) in my 401(k) (only small cap option in 401(k)). I'm in the 24% bracket (could potentially cross into ...
by CrazyCatLady
Fri Mar 22, 2019 6:33 pm
Forum: Personal Investments
Topic: Most tax efficient small cap fund?
Replies: 12
Views: 843

Re: Most tax efficient small cap fund?

vanguard tax-managed small cap though it is not tax efficient. I would hold total stock index in my taxable account. Small Cap Growth is most tax efficient. Good to know, thanks to you both! It sounds like I had this one planned wrong...I may have to reevaluate. My Roth is already all VIOV and I do...
by CrazyCatLady
Fri Mar 22, 2019 6:16 pm
Forum: Personal Investments
Topic: Most tax efficient small cap fund?
Replies: 12
Views: 843

Most tax efficient small cap fund?

I'm scheduled to rebalance next week and the only place I have room to buy small cap is in taxable. I hold Vanguard Small Cap SP600 Value in my Roth IRA (VIOV) and Vanguard Small Cap Growth (VISGX) in my 401(k) (only small cap option in 401(k)). I'm in the 24% bracket (could potentially cross into 3...
by CrazyCatLady
Sat Mar 09, 2019 10:18 am
Forum: Personal Investments
Topic: Need Financial and Portfolio Allocation Advice
Replies: 15
Views: 843

Re: Need Financial and Portfolio Allocation Advice

You are going to get a lot of different advice, and ultimately you have to do what is best for you and gives you peace of mind. However, from my experience, I would say contribute enough to your 401(k) to get the match, and then throw the rest at your students loans. It took me 15 years to pay off m...
by CrazyCatLady
Wed Feb 20, 2019 8:39 pm
Forum: Personal Investments
Topic: No emergency fund?
Replies: 51
Views: 3698

Re: No emergency fund?

A 5% cash allocation is find. There is no need to call it an emergency fund. :happy And that is a fair point in favor of keeping such a fund. The opportunity cost of keeping 5% or less of your portfolio in cash is probably not much, especially in today's environment where a high-yield savings accou...
by CrazyCatLady
Sun Feb 17, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?
Replies: 11
Views: 388

Re: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?

livesoft wrote:
Sun Feb 17, 2019 1:53 pm
Next time, buy HRBlock download version for about $20 for Federal and State. Free Federal e-file. Print and mail in state (unless it is NY State, then free e-file).
I'll remember that for next year, thanks!
by CrazyCatLady
Sun Feb 17, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?
Replies: 11
Views: 388

Re: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?

Like a genius, I decided to take HR Block's offer to start my taxes for free and see if I needed to "upgrade". :oops: I spent a couple hours entering all my info (yay refund!) and all of a sudden it tells me I have to pay $36.99 to generate a state return (not sure if that includes state efile, or ...
by CrazyCatLady
Sun Feb 17, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?
Replies: 11
Views: 388

Re: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?

I bonds might be a good investment for anyone in particular. The smart part about taking your refund (refund, not return) in I bonds might be the opportunity to buy more than the annual limit that can be purchased at Treasury Direct anytime anyway. Also the bonds are paper bonds which means you do ...
by CrazyCatLady
Sun Feb 17, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 7520

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

I'm with everyone else. You can afford it, so you have to decide if the car is important enough to you that you want to spend (and ultimately lose) that much money on it. If not and there are certain features you like, maybe you can find them in a cheaper car? My car horror story. In my 20s I wanted...
by CrazyCatLady
Sun Feb 17, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?
Replies: 11
Views: 388

HR Block online costs (cheaper way to do state?) And is a return in iBonds smart?

Like a genius, I decided to take HR Block's offer to start my taxes for free and see if I needed to "upgrade". :oops: I spent a couple hours entering all my info (yay refund!) and all of a sudden it tells me I have to pay $36.99 to generate a state return (not sure if that includes state efile, or j...
by CrazyCatLady
Sat Feb 16, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Buying a 2019 RAV4 hybrid - how to pay for it?
Replies: 76
Views: 3770

Re: Buying a 2019 RAV4 hybrid - how to pay for it?

Don't have any advice (other than to avoid the 401(k)/403(b) loan at all costs), but this thread made me laugh. We somehow went from your question about the best way to finance your car, to people telling you not to buy a car, buy a different car or move closer to work. I kept waiting for the sugges...
by CrazyCatLady
Sat Feb 16, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you tell your beneficiaries?
Replies: 69
Views: 4340

Re: Do you tell your beneficiaries?

If my beneficiaries were not immediate family members, I would hesitate to tell them. What if you change your mind down the road and want to change beneficiaries? That could be an extremely awkward conversation. Further, if you tell them, they may grow to rely on an inheritance bailing them out of ...
by CrazyCatLady
Fri Feb 15, 2019 8:26 am
Forum: Investing - Theory, News & General
Topic: Fidelity reports-The number of 401(k) and IRA millionaires declined. The number of people with $1 million or more in the
Replies: 47
Views: 5205

Re: Fidelity reports-The number of 401(k) and IRA millionaires declined. The number of people with $1 million or more in

My take away from this is that AT LEAST 1% of IRA owners are millionaires. Primarily because of 401(k) rollovers? With the annual IRA contribution limits, is it possible to hit a million with just contributions? I guess maybe someone who started investing in their early 20s, had been investing the ...
by CrazyCatLady
Thu Feb 14, 2019 8:40 am
Forum: Personal Investments
Topic: Opening MMA at Vanguard
Replies: 30
Views: 2063

Re: Opening MMA at Vanguard

A related question - how/when is interest paid on the federal mma (vmfxx)? I've had small balances in there (less than $100) and as far as I can tell have never been paid interest. I just transferred some of my sinking funds to vmfxx and want to make sure there is not another step to earn interest o...
by CrazyCatLady
Thu Feb 14, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Puzzle
Replies: 22
Views: 1471

Re: Student Loan Repayment Puzzle

I'm having an interesting discussion with my son regarding his graduate student loans, and his repayment approach. We have a difference of opinion about the amounts to apply to each loan and order of loan payoff to optimize the funds he applies to repayment. He agreed to weigh input from the knowle...
by CrazyCatLady
Tue Feb 05, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy For Student Loans
Replies: 48
Views: 3086

Re: Strategy For Student Loans

You've gotten a lot of good advice, so I don't have a lot to add. However, as someone who spent about 15 years paying off my student loans (it took me 10 years of paying just the minimum to figure out how stupid that was), I'd advise paying them off as soon as possible. With those interest rates, in...
by CrazyCatLady
Tue Feb 05, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 9085

Re: Chase credit card dispute - denied

Genuinely curious. Dont you have to show ID when you rent a car? Do they have a copy of ID of whoever rented the vehicle? I have always had to show both ID and the credit card I used when renting. Avis said the person who rented the car was a frequent customer at that facility and had the same name...
by CrazyCatLady
Thu Jan 31, 2019 9:04 am
Forum: Investing - Theory, News & General
Topic: An emergency fund cautionary tale
Replies: 89
Views: 10551

Re: An emergency fund cautionary tale

Over my career, I had multiple periods of extended unemployment. New England banking collapse of 1991. Leaving a horrible job. Being laid off. I keep at least 6 months in money markets, then ROTH. But I focus on growing my portfolio. Too many Americans live check to check and no strategy gets them ...
by CrazyCatLady
Fri Jan 25, 2019 8:11 am
Forum: Personal Investments
Topic: Private business investment opportunity
Replies: 19
Views: 836

Re: Private business investment opportunity

I'd locate an attorney before you meet with the company. And don't agree to terms until you talk to an attorney. Your attorney can help vet the deal and decide if it's something you should even consider. If you decide to proceed, Your attorney can help you identify the questions you should be asking...
by CrazyCatLady
Mon Jan 21, 2019 5:02 pm
Forum: Personal Investments
Topic: Saving for 1-2 years rather than for a lifetime
Replies: 75
Views: 6521

Re: Saving for 1-2 years rather than for a lifetime

It simply depends on when in your lifecycle you want to take risks or spend more. If the time is right for you to spend more or risk earning less now, go for it. Just keep in mind that if your risks don't pay out, you will need to restrict your life decisions more when you're middle-aged as you'll ...
by CrazyCatLady
Tue Jan 15, 2019 9:04 am
Forum: Personal Investments
Topic: Taxable versus non-taxable allocation
Replies: 19
Views: 1090

Re: Taxable versus non-taxable allocation

I am rebalancing my portfolio to include all the equity index funds in my taxable portion. Does it make sense to add a bond fund over there in the event that stocks tumble and I need to sell some Principle in retirement. You may want to search for Livesoft's posts if he doesn't respond in this thre...
by CrazyCatLady
Sun Dec 30, 2018 10:59 am
Forum: Personal Investments
Topic: Should I change my IPS and asset allocation because of potential change in personal circumstances?
Replies: 5
Views: 569

Re: Should I change my IPS and asset allocation because of potential change in personal circumstances?

An IPS is not engraved in stone. When your situation changes, your IPS may have to change. If I switch careers, I expect to make significantly less (probably a max of 2/3 of my current salary). ... If I elect to change careers ... likelihood of my making any changes is probably 25%. OTOH, IMHO, IPS...
by CrazyCatLady
Thu Aug 23, 2018 7:12 am
Forum: Personal Investments
Topic: Traditional vs Roth if Roth conversions are limited
Replies: 6
Views: 489

Re: Traditional vs Roth if Roth conversions are limited

whats your current marginal rate? most ppl are best suited to t401k + rIRA. for example, to reach the 32% bracket, one needs 8.6MM in taxable income. so once you get around there, then you may switch everything to Roth (or whatever your break even point is). so in summary, probably just do 100% t40...
by CrazyCatLady
Sat Aug 18, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?
Replies: 49
Views: 49834

Re: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?

This year, my Rx changed a smidge and my frames were two years old, so I decided to use up my insurance benefits (just about to change jobs). I've got a fairly sizable face, am 6'4, and tend to be active when it comes time for various training events - work in law enforcement. Long distance vision ...
by CrazyCatLady
Thu Aug 16, 2018 8:00 pm
Forum: Personal Investments
Topic: Inheritance question - beneficiary is a spend thrift
Replies: 13
Views: 1729

Re: Inheritance question - beneficiary is a spend thrift

Thanks everyone for your insights, they are greatly appreciated! I will pass the information on so he can decide if he wants to do the trust route. Also, thanks c1over for the link to the CLE materials! The topic is new to me so I look forward to reading up on it! :) :sharebeer Really he needs to m...
by CrazyCatLady
Thu Aug 16, 2018 7:42 pm
Forum: Personal Investments
Topic: Inheritance question - beneficiary is a spend thrift
Replies: 13
Views: 1729

Re: Inheritance question - beneficiary is a spend thrift

Thanks everyone for your insights, they are greatly appreciated! I will pass the information on so he can decide if he wants to do the trust route.

Also, thanks c1over for the link to the CLE materials! The topic is new to me so I look forward to reading up on it! :)

:sharebeer
by CrazyCatLady
Thu Aug 16, 2018 1:17 pm
Forum: Personal Investments
Topic: Inheritance question - beneficiary is a spend thrift
Replies: 13
Views: 1729

Re: Inheritance question - beneficiary is a spend thrift

Asking this for a friend. He is 58, single, one son (25) who would blow through any inheritance. His primary assets are his 401(k) (both Roth and traditional, but primarily traditional) and a small rIRA. His main goal is to provide a little liquidity for any major purchases (though college or a hou...
by CrazyCatLady
Thu Aug 16, 2018 12:49 pm
Forum: Personal Investments
Topic: Inheritance question - beneficiary is a spend thrift
Replies: 13
Views: 1729

Inheritance question - beneficiary is a spend thrift

Asking this for a friend. He is 58, single, one son (25) who would blow through any inheritance. His primary assets are his 401(k) (both Roth and traditional, but primarily traditional) and a small rIRA. His main goal is to provide a little liquidity for any major purchases (though college or a hous...
by CrazyCatLady
Sun Aug 12, 2018 3:54 pm
Forum: Personal Investments
Topic: Company recently IPO’d - selling RSUs?
Replies: 2
Views: 397

Re: Company recently IPO’d - selling RSUs?

I am sure you know this, but if you are still subject to the lockup (if the IPO was recent) you won't be able to sell until it expires. Also, keep blackout periods in mind when thinking about the timing of your sales. And congrats on your windfall! :)
by CrazyCatLady
Sun Aug 12, 2018 3:36 pm
Forum: Personal Investments
Topic: Do I understand TLH (and related questions)
Replies: 2
Views: 337

Re: Do I understand TLH (and related questions)

IMO you are overthinking this. Your general understanding looks good. It's 61 days not 60 days. The issue with 401ks is just what you've said--interpretation. That means we don't know what's "right". (My opinion on this, which doesn't matter at all, is that 401ks might count because condition #1 is...
by CrazyCatLady
Sun Aug 12, 2018 1:13 pm
Forum: Personal Investments
Topic: Do I understand TLH (and related questions)
Replies: 2
Views: 337

Do I understand TLH (and related questions)

I pick a new topic or two per month to do some in-depth research and learn more about and then come here to ask questions to make sure I really understand :) My first topic for August was tax loss harvesting (TLH). I think I have the basics down, but I'm a little confused about some of the nuances. ...
by CrazyCatLady
Tue Jul 31, 2018 7:26 am
Forum: Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 6286

Re: Financial upside / downside of marriage vs cohabiting

Check your state laws (they may vary), but child support is usually statutory and based on the combined salaries of the parents. If you are wealthy, the amount to support your child is higher. Once the amount "necessary" is determined, it is allocated to the parents based on their percentage of sala...
by CrazyCatLady
Mon Jul 30, 2018 8:29 am
Forum: Personal Investments
Topic: Retirement Planning: Single, no kids, good saver - why shouldn't I do primarily Roth 401(k) contributions?
Replies: 11
Views: 1211

Re: Retirement Planning: Single, no kids, good saver - why shouldn't I do primarily Roth 401(k) contributions?

Based on all the above, for as long as I am in the 24% tax bracket, doesn't it make sense to make most (if not all) or my 401(k) contributions to my Roth 401(k)? It appears you are pretty much in "flip a coin" territory, at least based on some quick guesswork (but using as much of your posted numbe...