Search found 58 matches

by CrazyCatLady
Thu Aug 23, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Traditional vs Roth if Roth conversions are limited
Replies: 6
Views: 478

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: 41740

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: Investing - Help with Personal Investments
Topic: Inheritance question - beneficiary is a spend thrift
Replies: 13
Views: 1693

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: Investing - Help with Personal Investments
Topic: Inheritance question - beneficiary is a spend thrift
Replies: 13
Views: 1693

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: Investing - Help with Personal Investments
Topic: Inheritance question - beneficiary is a spend thrift
Replies: 13
Views: 1693

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: Investing - Help with Personal Investments
Topic: Inheritance question - beneficiary is a spend thrift
Replies: 13
Views: 1693

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: Investing - Help with Personal Investments
Topic: Company recently IPO’d - selling RSUs?
Replies: 2
Views: 348

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: Investing - Help with Personal Investments
Topic: Do I understand TLH (and related questions)
Replies: 2
Views: 322

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: Investing - Help with Personal Investments
Topic: Do I understand TLH (and related questions)
Replies: 2
Views: 322

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: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 6179

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: Investing - Help with Personal Investments
Topic: Retirement Planning: Single, no kids, good saver - why shouldn't I do primarily Roth 401(k) contributions?
Replies: 11
Views: 1186

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...
by CrazyCatLady
Mon Jul 30, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning: Single, no kids, good saver - why shouldn't I do primarily Roth 401(k) contributions?
Replies: 11
Views: 1186

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

No one says you can't pay extra on your 30-year mortgage. But it would be nice not to have to increase your income in early retirement just to pay the higher amount of a 15-year mortgage. So it seems it would give you options that you wouldn't have if you were required to pay more. Delaying SS is a...
by CrazyCatLady
Sun Jul 29, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning: Single, no kids, good saver - why shouldn't I do primarily Roth 401(k) contributions?
Replies: 11
Views: 1186

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

1) What kind of house is this? Is it worth 5 to 10 years of your life? It's a regular 2 bedroom house, but it's in a 55+ active community. They are gated communities with lots of amenities (resort style pool, golf course, pickleball, clubhouse, social activities). The nicer ones even have a spa. Yo...
by CrazyCatLady
Sun Jul 29, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning: Single, no kids, good saver - why shouldn't I do primarily Roth 401(k) contributions?
Replies: 11
Views: 1186

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

OP, 1) Do you pay state income tax? If yes, how much? https://taxfoundation.org/2018-tax-brackets/ Yes, my current state income tax is 5%. 3) Your annual expense of 72K per year is too high. Let's assume 24K per year on the medical expense, it leaves 48K per year for everything else. That seems to ...
by CrazyCatLady
Sun Jul 29, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning: Single, no kids, good saver - why shouldn't I do primarily Roth 401(k) contributions?
Replies: 11
Views: 1186

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

This all started when I asked a similar question in a different thread, and KlangFool suggested I post my own thread with my numbers to get help with the math. I'm not sure the exact details needed, so please let me know if I am missing something. For portfolio holdings and yearly contributions, I a...
by CrazyCatLady
Sat Jul 28, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Why is rollover to Roth with Pre-Tax $$ So Bad?
Replies: 28
Views: 2607

Re: Why is rollover to Roth with Pre-Tax $$ So Bad?

Hey Bogleheads, I'm having trouble conceptualizing why converting funds from a rollover ira with primarily pre-tax funds to a roth ira is viewed so negatively. After the rollover, these (pre-tax) funds will grow tax free, as if you were contributing to a roth fund right from the start. Wouldn't you...
by CrazyCatLady
Sat Jul 28, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Why is rollover to Roth with Pre-Tax $$ So Bad?
Replies: 28
Views: 2607

Re: Why is rollover to Roth with Pre-Tax $$ So Bad?

Hey Bogleheads, I'm having trouble conceptualizing why converting funds from a rollover ira with primarily pre-tax funds to a roth ira is viewed so negatively. After the rollover, these (pre-tax) funds will grow tax free, as if you were contributing to a roth fund right from the start. Wouldn't you...
by CrazyCatLady
Fri Jul 27, 2018 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Investment Options - potentially adding brokerage link to 401(k)?
Replies: 6
Views: 809

Re: Is it worth turning on the SDO in my 401(k)?

Yes, I like the idea of a small cap tilt. I originally did growth (because that is what my 401(k) offered), but from what I've read it sounds like value or blend is the "less risky" alternative. I didn't think about doing the same tilt in international...I need to decide if I am that brave :) I hav...
by CrazyCatLady
Thu Jul 26, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Options - potentially adding brokerage link to 401(k)?
Replies: 6
Views: 809

Re: Is it worth turning on the SDO in my 401(k)?

99% of my retirement savings are in my 401(k) - mid 6 figures. Age 48. My current allocation (all Vanguard and all the typical ER) is: 45% total stock market 5% small cap growth 25% total bonds 25% developed markets (intl) I would try to keep things fairly simple. If the above funds in your 401(k) ...
by CrazyCatLady
Thu Jul 26, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Investment Options - potentially adding brokerage link to 401(k)?
Replies: 6
Views: 809

Investment Options - potentially adding brokerage link to 401(k)?

My 401(k) allows you to use the self directed option/brokerage link (SDO) for an annual fee of $75. There are no transaction fees when purchasing mutual funds. 99% of my retirement savings are in my 401(k). My current allocation (all Vanguard and all the typical ER) is: 45% total stock market - VTSA...
by CrazyCatLady
Wed Jul 25, 2018 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Need Help with PAS plan
Replies: 16
Views: 1122

Re: Need Help with PAS plan

Gman, my point is, why is she keeping the 300k in Target Ret Income(which I did on my onw), and the other 200k In 4 fund allocation that she did...... Why not just put it all in the 4 fund, since she's managing it anyway. The two just don't make sense to me. She really never has an answer when I po...
by CrazyCatLady
Sat Jul 21, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand Morningstar ratings please!
Replies: 14
Views: 918

Re: Help me understand Morningstar ratings please!

I can't help you understand morningstar ratings because they are virtually useless. I think that's all you need to know about them. Index funds that track their index will almost always get 3-stars. The managers of DODFX can guess for themselves if emerging markets are going to be great or not. If ...
by CrazyCatLady
Sat Jul 21, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help me understand Morningstar ratings please!
Replies: 14
Views: 918

Re: Help me understand Morningstar ratings please!

I can't help you understand morningstar ratings because they are virtually useless. I think that's all you need to know about them. Index funds that track their index will almost always get 3-stars. The managers of DODFX can guess for themselves if emerging markets are going to be great or not. If ...
by CrazyCatLady
Mon Jul 16, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Missed Secuties Class Action Claim Deadline
Replies: 3
Views: 452

Re: Missed Secuties Class Action Claim Deadline

One of the individual companies I own(ed) ended up in securities class action litigation that would have resulted in a few hundred dollars worth of money coming to me ... except for the part where the deadline to submit the claim was about a month ago. What is the recommended course of action? Just...
by CrazyCatLady
Wed Jul 11, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help balancing for tax effeciency with multiple acounts
Replies: 3
Views: 516

Re: Help balancing for tax effeciency with multiple acounts

Hi all, I recently have been maxing out my tax advantaged space for retirement while paying student loans. Now that the loans are over (Yay!) I'd like to move into the taxable space, but I'm wondering how I should re-balance everything to be the most tax efficient since I'm in a high tax bracket. I...
by CrazyCatLady
Wed Jul 11, 2018 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Recurring investments in taxable account
Replies: 26
Views: 2210

Re: Recurring investments in taxable account

Will the back door Roth contributions apply to my $18500? If so I think that I might want to stick to my 401k at this point as I suspect my retirement income will be less than my current income (but can’t be sure of course). No, you can do $18,500 to your 401(k) and $5,500 to an IRA each year. A ba...
by CrazyCatLady
Tue Jul 10, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1989

Re: After-tax contributions to 401(k)?

Plans do differ. My self directed 401k funds are at Vanguard. Before I knew better, pretax and Roth were commingled. The third party admin tracked it well enough year to year. But I like seeing it separate, for now and in the future. So at one point I asked the admin to figure out how much was in R...
by CrazyCatLady
Tue Jul 10, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1989

Re: After-tax contributions to 401(k)?

With our runaway increases in health insurance premiums, high health-care costs, including huge price increases for life-sustaining drugs, and uncertainty around future coverage of pre-existing conditions--it is wise to consider the additional protection in the 401k for bankruptcy. If you lost your...
by CrazyCatLady
Tue Jul 10, 2018 6:55 am
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1989

Re: After-tax contributions to 401(k)?

Not exactly. Unlike backdoor Roth, distributions or in-plan conversions usually only involve the after-tax sub-account. So if you put in 10k and have 1k in growth, then only those numbers would be used in pro-rata. So there is a third account in your 401(k) where after-tax contributions are held? I...
by CrazyCatLady
Mon Jul 09, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1989

Re: After-tax contributions to 401(k)?

Okay, that makes a lot more sense! I didn't realize after-tax conversions from a 401(k) would have to be done on a pro-rata basis, but I guess it's like the regular backdoor Roth in that respect. Not exactly. Unlike backdoor Roth, distributions or in-plan conversions usually only involve the after-...
by CrazyCatLady
Mon Jul 09, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1989

Re: After-tax contributions to 401(k)?

I continue to make after-tax contributions to my 401k plan, I have substantial growth on the basis and I'm in no hurry to convert it to Roth (if I ever do). I'm of the opinion that it's not a certainty that my future tax rate/tax rates in retirement will be as high as they are currently. I like tha...
by CrazyCatLady
Mon Jul 09, 2018 7:13 am
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1989

Re: After-tax contributions to 401(k)?

I continue to make after-tax contributions to my 401k plan, I have substantial growth on the basis and I'm in no hurry to convert it to Roth (if I ever do). I'm of the opinion that it's not a certainty that my future tax rate/tax rates in retirement will be as high as they are currently. I like tha...
by CrazyCatLady
Sun Jul 08, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 6215

Re: Girls and investing

Yes it should apply to both girls and boys. But I’ll let others address the education of boys. All kids need financial education. But I am focusing on the girls because the numbers are skewed towards more males invest than females. If there is a gender differences between investing we can be politi...
by CrazyCatLady
Sun Jul 08, 2018 7:43 pm
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 6215

Re: Girls and investing

Yes it should apply to both girls and boys. But I’ll let others address the education of boys. All kids need financial education. But I am focusing on the girls because the numbers are skewed towards more males invest than females. If there is a gender differences between investing we can be politi...
by CrazyCatLady
Sat Jul 07, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Relative tax efficiency of total international funds
Replies: 13
Views: 1610

Re: Relative tax efficiency of total international funds

1 & 2 is probably what I would do, but do consider any possible changes you foresee in your tax rates due to changes in personal situation in the coming years. I try to avoid giving universal advice on this, and just provide the data. Personally I expect my tax situation to change a great deal in t...
by CrazyCatLady
Sat Jul 07, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to hit grand slam with small % portfolio?
Replies: 49
Views: 3639

Re: Trying to hit grand slam with small % portfolio?

The closest I come is a 5% tilt towards small cap growth. I don't expect it to make any difference, but I like feeling like I am helping out small businesses :)
by CrazyCatLady
Sat Jul 07, 2018 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Relative tax efficiency of total international funds
Replies: 13
Views: 1610

Re: Relative tax efficiency of total international funds

1 & 2 is probably what I would do, but do consider any possible changes you foresee in your tax rates due to changes in personal situation in the coming years. I try to avoid giving universal advice on this, and just provide the data. Personally I expect my tax situation to change a great deal in t...
by CrazyCatLady
Sun Jul 01, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Just joined the workforce with $400k in student debt: can you review my financial plan?
Replies: 14
Views: 2594

Re: Just joined the workforce with $400k in student debt: can you review my financial plan?

I thought to invest in non-tax-advantaged accounts with the presumption that my 400k in student loans, with 6% interest, will be something to throw everything at when I start to have to pay it, since I'm unsure of how 'guaranteed' making > 6% is in the market. If my strategy would be to continue to...
by CrazyCatLady
Wed Jun 27, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Am I getting the run around?
Replies: 24
Views: 4404

Re: Am I getting the run around?

Ahh, that makes sense. I'll bet that's what he was trying to describe, albeit in a rather confusing manner. I've got no problem with them setting up the account in whatever way they need to in order to satisfy requirements as a tax advantaged account, so long as I still have access to full array of...
by CrazyCatLady
Wed Jun 27, 2018 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Frequency of Mega Backdoor IRA Transfers
Replies: 15
Views: 1374

Re: Frequency of Mega Backdoor IRA Transfers

1) Some plans let you designate your investments based on the contribution. If you can then direct your after-tax contributions specifically to a "low-gain" fund (bond, stable value, etc). Then you can roll-over quarterly or bi-annually with minimal gains Does this apply to holdings in Roth/traditi...
by CrazyCatLady
Sat Jun 23, 2018 6:31 am
Forum: Investing - Help with Personal Investments
Topic: How to help my teen (14) grow their savings faster?
Replies: 18
Views: 1862

Re: How to help my teen (14) grow their savings faster?

I'm going to disagree with everyone on the emergency fund. At 14 she may not need one, but I also don't think it hurts get into the practice of building one. She could be on her own in 4 years and then would need one anyway. Maybe she could open a high yield savings account online (or maybe do 1 yea...
by CrazyCatLady
Thu Jun 14, 2018 7:03 am
Forum: Investing - Help with Personal Investments
Topic: New employer 401k roth
Replies: 7
Views: 365

Re: New employer 401k roth

Hi - I had 2 employers this year. Old one only had 401k and I maxed out and contributed $18.5k this year. New employer has both 401k and roth 401k. Can i still contribute to the roth 401k THIS YEAR at the new employer? My understanding is that the total 401k IRA contribution is $55k (including empl...
by CrazyCatLady
Thu Jun 14, 2018 6:36 am
Forum: Investing - Help with Personal Investments
Topic: 47 and clueless - direction needed
Replies: 60
Views: 8670

Re: 47 and clueless - direction needed

I am new here, have read much and still feel dizzy. I feel like all of the investment folks who have guided me (sold me shares of this and that) have won and I am seriously worried about my future. I am 47, single, no children, no debt, home paid off. Income approx. $33,000 In 2011 I was laid off s...
by CrazyCatLady
Wed Jun 13, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) employer match and tax question
Replies: 6
Views: 494

Re: 401(k) employer match and tax question

You can defer $18.5k pre-tax. If you want to save $65k per year, you should be doing this regardless of the bonus. Your post is a bit confusing. Are you sure this isn't a deferred compensation plan? I guess what I'm asking is from a tax perspective is it better to save each year (a) $55,000 in my 4...
by CrazyCatLady
Wed Jun 13, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) employer match and tax question
Replies: 6
Views: 494

Re: 401(k) employer match and tax question

You can defer $18.5k pre-tax. If you want to save $65k per year, you should be doing this regardless of the bonus. Your post is a bit confusing. Are you sure this isn't a deferred compensation plan? Yes, I already do the $18,500 employee match. What I am curious about is if I should use my bonuses ...
by CrazyCatLady
Wed Jun 13, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) employer match and tax question
Replies: 6
Views: 494

401(k) employer match and tax question

We are going to be getting out first half bonus soon, and I'm trying to figure out the smartest way to accept it. Our 401(k) is a profit sharing 401(k) so if you get a bonus you can elect to put it in the "bucket" and instead of being paid out to you, it gets deposited in your 401(k). However, it wo...
by CrazyCatLady
Fri Jun 08, 2018 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Newbie stuck with Class C investments from Ameriprise
Replies: 16
Views: 1424

Re: Newbie stuck with Class C investments from Ameriprise

OP, I'm not quite sure what your question is. You could be asking about the mechanics of buying and selling or what to buy or how to avoid loads at Vanguard. Possibly you don't know what your question is yourself. But I will guess the problem involves "Class C" shares which may be difficult to sell...
by CrazyCatLady
Thu May 31, 2018 5:17 am
Forum: Investing - Help with Personal Investments
Topic: How do I sell non-vanguard funds in Roth IRA?
Replies: 6
Views: 500

Re: How do I sell non-vanguard funds in Roth IRA?

Thanks, David and Celia! I will give Vanguard a call.
by CrazyCatLady
Wed May 30, 2018 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: How do I sell non-vanguard funds in Roth IRA?
Replies: 6
Views: 500

Re: How do I sell non-vanguard funds in Roth IRA?

Have you tried: My Accounts > Buy & Sell > Trade non-Vanguard funds via FundAccess® ? We don't have any non-Vanguard funds so what happens after that...? I don't have that option. :confused At least now I know what I am looking for. I will try again tomorrow and if it's still not there i will call ...