Search found 110 matches

by banhbao
Thu Aug 27, 2020 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: paying taxes on backdoor roth... good idea?
Replies: 19
Views: 1088

Re: paying taxes on backdoor roth... good idea?

1) I don't follow the reasoning behind the delay other than you've already maxed out 2020 contributions. By contributing in 2021, if you are trying to avoid the pro rata rule, it seems to me it might start applying to you for 2021 or later years. We've already contributed toward a backdoor ROTH in ...
by banhbao
Thu Aug 27, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: paying taxes on backdoor roth... good idea?
Replies: 19
Views: 1088

Re: paying taxes on backdoor roth... good idea?

The SEP IRA is also an employer plan, so the other employee would also have to have theirs funded too. So you want to "mess up" their Roth conversions too? :oops: Two points: 1) Following the advice of retiredjg, establishing the SEP IRA in January 2021 and funding towards 2020 should avo...
by banhbao
Thu Aug 27, 2020 11:01 am
Forum: Personal Finance (Not Investing)
Topic: paying taxes on backdoor roth... good idea?
Replies: 19
Views: 1088

Re: paying taxes on backdoor roth... good idea?

AlabamaPaul wrote: Thu Aug 27, 2020 10:48 am You probably want to look into a Solo 401k rather than a SEP IRA...
Thanks for the solo 401(k) suggestion, but my spouse has a full time employee, so I don't think it is possible. And for a very small business a full 401(k) is really costly and burdensome compared to the SEP IRA.
by banhbao
Thu Aug 27, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: paying taxes on backdoor roth... good idea?
Replies: 19
Views: 1088

Re: paying taxes on backdoor roth... good idea?

Thanks for your response, maybe I am confused about "paying taxes twice". Yes, you are confused on this. It only seems you are paying tax twice. You are not. It is correct that the pro-rating will cause some of the contribution to be taxable. What you have missed is that it also results i...
by banhbao
Thu Aug 27, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: paying taxes on backdoor roth... good idea?
Replies: 19
Views: 1088

Re: paying taxes on backdoor roth... good idea?

Thanks for your response, maybe I am confused about "paying taxes twice". Here is an article about backdoor roth, the scenario that I am considering will trigger "pitfall 1" in the article. https://www.marketwatch.com/story/heres-why-you-may-want-to-reconsider-doing-that-backdoor...
by banhbao
Thu Aug 27, 2020 8:33 am
Forum: Personal Finance (Not Investing)
Topic: paying taxes on backdoor roth... good idea?
Replies: 19
Views: 1088

Re: paying taxes on backdoor roth... good idea?

Sorry, I probably should have posted to "personal finance" as this is mostly a tax-related question.
by banhbao
Thu Aug 27, 2020 8:27 am
Forum: Personal Finance (Not Investing)
Topic: paying taxes on backdoor roth... good idea?
Replies: 19
Views: 1088

paying taxes on backdoor roth... good idea?

Hello everyone, It's been a while since I have posted to this forum, but I always appreciate the advice here and I have a rather complicated situation that I wanted to run by the experts. The question is basically this: is it a good idea to pay taxes twice on a portion of backdoor roth due to overal...
by banhbao
Wed Oct 30, 2019 10:58 am
Forum: Personal Investments
Topic: Sell CD and invest in bond fund, or stick with CD?
Replies: 20
Views: 2876

Re: Sell CD and invest in bond fund, or stick with CD?

Thanks for the advice everyone, this forum is a great help. You should probably use the SEC Yield of VWIUX of 1.59% for your comparison. Yes, your advice is well taken. Recalculating at 1.59%, the FV of Scenario 1 is $55,382, so only marginally better than Scenario 2. Why did you buy the CD in the f...
by banhbao
Tue Oct 29, 2019 3:15 pm
Forum: Personal Investments
Topic: Sell CD and invest in bond fund, or stick with CD?
Replies: 20
Views: 2876

Sell CD and invest in bond fund, or stick with CD?

Hello, We have a brokered CD at Vanguard in our taxable account that was purchased in October 2018 ($50k principal, 5yrs at 3.35%). Since that time interest rates have declined and the value of the CD has increased, showing on our dashboard currently at $52,755. I'm trying to evaluate (1) whether to...
by banhbao
Thu Sep 26, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: Suggestions for good leather shoe?
Replies: 43
Views: 5089

Re: Suggestions for good leather shoe?

I'm a fan of Florsheim. There are a lot of different style options, and you'll find a ton of brogue wingtips. (You can try them on at Jos A. Bank, but check their website price as they offer free shipping and free returns.)
by banhbao
Tue Sep 24, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: How did your Windows 10 upgrade go?
Replies: 66
Views: 5480

Re: How did your Windows 10 upgrade go?

I completed this a few weeks ago on an old lenovo running windows 8.1, eventually it was successful. As others have said, there are legitimate free upgrades still available from Microsoft. I used the "Windows 10 Media Creation tool". You can download directly from the Microsoft website. At...
by banhbao
Fri Sep 13, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 7059

Re: Whistleblowing / Going Rogue at Work

50% chance of promotion 50% chance of firing are you feeling lucky? I respectfully disagree. The way I see it... 5% Promotion 45% Status Quo (but wants to put a face to the email) 50% Steps to remove/fire I really don't see any big upside in meeting. I tend to agree, Seems like the only reason for ...
by banhbao
Thu Sep 12, 2019 3:35 pm
Forum: Personal Investments
Topic: A few years later... guidance/advice? Early 30's
Replies: 15
Views: 2531

Re: A few years later... guidance/advice? Early 30's

traveling: I don't have great advice on your exact questions but you might want to consider doing some roth conversions if you're going to have a year of low income tax. The conversions would be taxed at lower marginal rates and even 0% for some of it if you have no other income. This is a great id...
by banhbao
Thu Sep 12, 2019 3:25 pm
Forum: Personal Investments
Topic: A few years later... guidance/advice? Early 30's
Replies: 15
Views: 2531

Re: A few years later... guidance/advice? Early 30's

Question: Have you thought about reducing or eliminating your savings account and moving it over to your Vanguard settlement fund? We pulled the plug on that recently once we realized VMFXX return is +2% for the past 12 months. It totally beat the return we were getting from our bank. And you can se...
by banhbao
Wed Sep 11, 2019 4:04 pm
Forum: Personal Investments
Topic: Is this a bad time to buy shares of a bond index fund?
Replies: 20
Views: 3024

Re: Is this a bad time to buy shares of a bond index fund?

mocorroco wrote: Wed Sep 11, 2019 3:36 pm ...bond prices have nowhere to go but down from here.
There are a lot of threads right now about interest rates... I doubt anyone knows whether they'll go up or down from here. Unless you have some specific insight, you are basically trying to time the market.
by banhbao
Wed Sep 11, 2019 3:23 pm
Forum: Personal Consumer Issues
Topic: Calling all iPhone SE Bogleheads
Replies: 61
Views: 5390

Re: Calling all iPhone SE Bogleheads

I suspect there are a lot of women out there who prefer a smaller phone. For some reason, cell phones started out big, got small, now the trend is big again. It's not possible to fit a 5+ inch screen (or 6+ nowadays) in the pocket if you are petite. That's the main reason my wife chose this phone (a...
by banhbao
Wed Sep 04, 2019 4:00 pm
Forum: Personal Investments
Topic: First question: "short term reserves" in my mix
Replies: 9
Views: 1056

Re: First question: "short term reserves" in my mix

Hello Pedro, I think you are referring to the "asset mix" tab on your dashboard? I've noticed this can be a few days behind on the Vanguard website. For example, when you make a purchase the amount that was previously in your settlement fund may still show up as "short-term reserves&q...
by banhbao
Sat Aug 31, 2019 1:37 pm
Forum: Personal Consumer Issues
Topic: Getting Ready for Windows 10
Replies: 39
Views: 3516

Re: Getting Ready for Windows 10

Plus do most web browsing with Brave , a cousin of Chrome with a lot of security and ad blocking built in. +1 I recently discovered Brave while looking for a Chrome alternative. I got tired of all the trackers within Chrome, it just seemed like I got slammed with constant banner ads for products I ...
by banhbao
Fri Aug 23, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: Best time to purchase airline tickets to London
Replies: 26
Views: 1889

Re: Best time to purchase airline tickets to London

Hello new2bogle, According to this article on ThePointsGuy website, you should target 160 days from your departure date for flights to Europe: https://thepointsguy.com/news/best-times-international-flight/ Europe: Prime booking window: About 1.5 months to a little more than 8 months Best time to buy...
by banhbao
Fri Aug 02, 2019 1:53 pm
Forum: Personal Consumer Issues
Topic: Costa Rica travel
Replies: 20
Views: 2442

Re: Costa Rica travel

Thanks for this. If we use our Schwab ATM card, will we get a favorable exchange rate taking the money in CRC? Maybe it depends on the ATM network/bank? We generally use the Schwab card as they will reimburse any ATM fees. I don't know specifically about the Schwab card, but you typically get a com...
by banhbao
Thu Aug 01, 2019 3:14 pm
Forum: Personal Consumer Issues
Topic: Costa Rica travel
Replies: 20
Views: 2442

Re: Costa Rica travel

Thanks Banhbao! We will look into venturing south from Manuel Antonio and seeking out the good meals that you mention! December is actually in the 'dry season' which starts mid-Nov, but we will be prepared for rain for sure. Yes, you are correct, I had the seasons mixed up. We went during Thanksgiv...
by banhbao
Wed Jul 31, 2019 8:19 pm
Forum: Personal Consumer Issues
Topic: Costa Rica travel
Replies: 20
Views: 2442

Re: Costa Rica travel

If you enjoy nature and natural places, Costa Rica is really an amazing place to visit! First, I would highly recommend getting a recent guidebook like this one from Lonely Planet: https://shop.lonelyplanet.com/products/costa-rica-travel-guide-13 Second, if you are comfortable driving in an unusual ...
by banhbao
Tue Jul 23, 2019 12:39 pm
Forum: Personal Investments
Topic: A little discouraged with earnings, is it really this slow?
Replies: 96
Views: 16729

Re: A little discouraged with earnings, is it really this slow?

...project your savings and growth into the future to get a feel for compounding. This is good advice because (1) it will help you get a feel for what you could accomplish by your target retirement age and (2) once you establish that baseline you can know each year whether you are over/under/on tra...
by banhbao
Mon Jul 15, 2019 10:48 am
Forum: Personal Consumer Issues
Topic: Phone options when traveling out of country?
Replies: 25
Views: 2587

Re: Phone options when traveling out of country?

Thanks for the link! Looks like we will have 4G coverage in most of the area we will be. Charge is $10 day on days it is used. How do we make sure the phone isn't used when we don't want to use it? Apple XR. Do you just put it to airplane mode or something else? That is quite a lot. $10 day for usa...
by banhbao
Mon Jul 15, 2019 10:34 am
Forum: Personal Consumer Issues
Topic: Car Rental in Europe--specifically Sicily
Replies: 27
Views: 2074

Re: Car Rental in Europe--specifically Sicily

FYI, it might be useful for you to compare the difference between CDW and supercover: https://www.hertz.com/rentacar/reservation/reviewmodifycancel/templates/rentalTerms.jsp?KEYWORD=CDW&EOAG=FCOT50 My understanding is that CDW will have a "non-waivable excess" depending on the car type...
by banhbao
Mon Jul 15, 2019 10:17 am
Forum: Personal Consumer Issues
Topic: Phone options when traveling out of country?
Replies: 25
Views: 2587

Re: Phone options when traveling out of country?

FYI, there are a few different options for Verizon wireless: https://www.verizonwireless.com/solutions-and-services/international-travel/ Make sure you are set up for travelpass, because pay as you go will be very expensive ($2.05/MB!)... I think with travelpass you'll get 500MB per day and then aft...
by banhbao
Sun Jun 30, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: trip to Greece (Athens and vicinity)
Replies: 21
Views: 1909

Re: trip to Greece (Athens and vicinity)

We just returned from a visit to Athens and the Peloponnese in May. We spent 2 nights in Nafplio and it was one of the highlights of our trip. We visited Mycenae and Epidaurus which are both about 1 hour away, and Palamidi Fortress just outside of the town. All of these places are well worth the tri...
by banhbao
Fri Jun 28, 2019 10:19 am
Forum: Personal Consumer Issues
Topic: how much to finance a new car at .9%
Replies: 57
Views: 4911

Re: how much to finance a new car at .9%

Just a bit of advice, If you do choose to pay in cash, don't reveal this information until you settle on the final price. First, I think the dealership makes some profit on financing, so they may be willing to give you a good deal on the car if they think you are going to finance with them. And seco...
by banhbao
Wed Jun 26, 2019 3:42 pm
Forum: Personal Investments
Topic: Question re: total bonds in 401k
Replies: 35
Views: 1790

Re: Question re: total bonds in 401k

Assuming I put 100% bonds in 401k, do you think it's better to put the remainder of the bonds in taxable and keep VTSAX in my IRA? In any event, the Vanguard muni bond funds I have looked at are VWITX, VTEBX, and the regular bond fund I'd looked at was VBTLX. Admittedly, the intricacies between the...
by banhbao
Wed Jun 26, 2019 3:15 pm
Forum: Personal Investments
Topic: Question re: total bonds in 401k
Replies: 35
Views: 1790

Re: Question re: total bonds in 401k

My personal feeling is that those ERs are too high... but what else do you have available to you? Anything less than 0.10%? If you must choose one of these I'd go with MPBFX because of the ER compared to the others. Agreed. The lowest ER I have for an equity in my plan is .72% for BNY Mellon Large ...
by banhbao
Wed Jun 26, 2019 2:56 pm
Forum: Personal Investments
Topic: Question re: total bonds in 401k
Replies: 35
Views: 1790

Re: Question re: total bonds in 401k

My personal feeling is that those ERs are too high... but what else do you have available to you? Anything less than 0.10%?

If you must choose one of these I'd go with MPBFX because of the ER compared to the others.
by banhbao
Wed Jun 26, 2019 2:28 pm
Forum: Personal Investments
Topic: Question re: total bonds in 401k
Replies: 35
Views: 1790

Re: Question re: total bonds in 401k

FYI, here are the ERs according to Morningstar: PIMCO Real Return R PRRRX (1.53%) Delaware Diversified Income R DPRFX (0.95%) BNY Mellon Bond M MPBFX (0.55%) For comparison, you could hold Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) in your taxable account with an ER of 0.07%.....
by banhbao
Wed Jun 26, 2019 12:50 pm
Forum: Personal Investments
Topic: Question re: total bonds in 401k
Replies: 35
Views: 1790

Re: Question re: total bonds in 401k

Here are a few simple "rules" but of course there are different strategies depending on your exact situation: 1) Select the asset allocation you are most comfortable with (I think you've done that already). 2) Fill your ROTH space with equities. (If there are no tax law changes in the futu...
by banhbao
Mon Jun 24, 2019 3:46 pm
Forum: Personal Consumer Issues
Topic: Single cup coffee/espresso options, 2019
Replies: 91
Views: 7868

Re: Single cup coffee/espresso options, 2019

Fresh, good quality beans will make a larger difference than anything else mentioned in this thread. Look for beans roasted within the last couple of weeks, and only buy what you can use in a couple of weeks. Buy whole beans and grind them as needed. This advice is very important for espresso machi...
by banhbao
Mon Jun 24, 2019 3:13 pm
Forum: Personal Consumer Issues
Topic: Best area to stay in Lyon, France?
Replies: 2
Views: 492

Re: Best area to stay in Lyon, France?

I travel 2-4 times per year to Lyon for my work. For my next trip, I just happen to arrive on the weekend of the finals... it is very difficult to find a room right now. I would suggest taking care of this very quickly if you haven't already! My suggestion (if possible) is to find a hotel in the mai...
by banhbao
Tue May 21, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: Wiper blade replacement
Replies: 30
Views: 3063

Re: Wiper blade replacement

After years and years of buying replacement inserts I finally caved and moved to a one piece beam blade. Most car manufactures are moving to this anyway. Nissan was the latest one I experienced. I now just order Bosh Icon blades (the best) from Amazon for all our cars. +1 for Bosch Icon Blades. I g...
by banhbao
Fri May 10, 2019 9:19 am
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 76
Views: 5524

Re: Recycling Different Plastics

Have gotten contradictory information on this topic, so am posing the question here. Any given plastic container is designated by a number (1 through 7), shown in a triangle of arrows. Which of these are recyclable? Which are not? What about plastic containers that show no numeric designation? Stri...
by banhbao
Wed May 08, 2019 2:58 pm
Forum: Personal Consumer Issues
Topic: Good town to stop on I-81
Replies: 42
Views: 3792

Re: Good town to stop on I-81

Roanoke, VA has an annual Memorial Day weekend festival:
http://www.roanokefestival.com/index.php
And also a lot of good breweries!
by banhbao
Thu May 02, 2019 4:00 pm
Forum: Personal Investments
Topic: Where to put extra savings to be accessible?
Replies: 14
Views: 2341

Re: Where to put extra savings to be accessible?

If you have an account with Vanguard, you can put your emergency funds in the settlement fund (VMFXX SEC yield is 2.36% today with ER of 0.11%) and set up checkwriting services (https://personal.vanguard.com/us/whatweoffer/accountservices/checkwriting?lang=en). It's free, the only issue is that the ...
by banhbao
Thu May 02, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: Car lost acceleration
Replies: 111
Views: 7289

Re: Car lost acceleration

YEs it goes on when key is in ignition, but also other issue, funny enough is I am having a problem with the battery it isn't secured tightly because the arm over the top of it broke, so it I hit a pothole when I turn the car off and back on, it will not work until I adjust the battery, then the ca...
by banhbao
Tue Apr 30, 2019 2:21 pm
Forum: Personal Consumer Issues
Topic: Where To Get New Bikes
Replies: 67
Views: 5515

Re: Where To Get New Bikes

FYI, there are some great deals right now at Dick's sporting goods, in case anyone else is still looking for a new bike.

https://www.dickssportinggoods.com/c/bike-sale
by banhbao
Sun Apr 28, 2019 10:23 am
Forum: Personal Consumer Issues
Topic: Considering purchasing a new point-and-shoot camera
Replies: 25
Views: 1833

Re: Considering purchasing a new point-and-shoot camera

Hello All, I wanted to update everyone who helped me with this decision and respond to a few especially helpful comments. I realized that my original two selections were flawed because the prices I quoted were likely grey market items. And, if I wanted a legitimate camera, these two options were out...
by banhbao
Thu Apr 25, 2019 2:51 pm
Forum: Personal Consumer Issues
Topic: Considering purchasing a new point-and-shoot camera
Replies: 25
Views: 1833

Re: Considering purchasing a new point-and-shoot camera

Thanks for the advice everyone. I realize now that the tristate prices are probably too good to be true. If I still want to go with one of the two models I suggested, I will have to increase my budget. Looking at more reputable dealers it seems like the cost would be around $600-$650. With that in m...
by banhbao
Thu Apr 25, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: Considering purchasing a new point-and-shoot camera
Replies: 25
Views: 1833

Re: Considering purchasing a new point-and-shoot camera

I have a G5X because I have a Canon dSLR and don't have to change mindset with the controls. The G5X has an EVF and a pop-up flash and a hot shoe. Thus I can use my 580EX II with it and radio triggers. Also I use the hinged screen all the time because I can put the camera in places where I cannot l...
by banhbao
Thu Apr 25, 2019 10:59 am
Forum: Personal Consumer Issues
Topic: Considering purchasing a new point-and-shoot camera
Replies: 25
Views: 1833

Re: Considering purchasing a new point-and-shoot camera

Sony Cyber-shot DSC-RX100 VA according to https://www.dpreview.com/reviews/buying-guide-best-pocketable-enthusiast-cameras I would spend some time reading at DPReview.com The Sony DSC-RX100 VA is not within my price range. Looks like it is $700+. Anyway, I will read this article and look at the oth...
by banhbao
Thu Apr 25, 2019 10:24 am
Forum: Personal Consumer Issues
Topic: Considering purchasing a new point-and-shoot camera
Replies: 25
Views: 1833

Considering purchasing a new point-and-shoot camera

Hello fellow Bogleheads and photo enthusiasts, I am thinking about purchasing a new camera. I currently have an older-model Canon Powershot S120. I have really enjoyed this camera but it is starting to show its age. I love taking scenic photos; this camera is great for printing 8x10 or even 11x14, b...
by banhbao
Wed Apr 24, 2019 1:22 pm
Forum: Personal Consumer Issues
Topic: River cruise, Avignon to Lyon, France
Replies: 36
Views: 2646

Re: River cruise, Avignon to Lyon, France

I’ve been on it and its a great trip. You can buy the tickets in the states through the Eurail website. Surely there is at least a regional train between Paris and Avignon... I think it's easier to just book directly with the French railways, SNCF. You can even use their "Oui" app to stor...
by banhbao
Tue Apr 23, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: River cruise, Avignon to Lyon, France
Replies: 36
Views: 2646

Re: River cruise, Avignon to Lyon, France

It is easy to take a train from Paris to Avignon, and then from Lyon back to Paris. Check out the Rail Europe website: https://www.raileurope.com/ A few points for your consideration if you plan to use the train: I don't belive there is a direct route from CDG to Avignon, you'll have to make a conne...
by banhbao
Mon Apr 15, 2019 10:48 am
Forum: Personal Investments
Topic: Shifting away from 100% stocks - how do you execute shift without timing?
Replies: 17
Views: 1393

Re: Shifting away from 100% stocks - how do you execute shift without timing?

If you can get there with only new contributions, then I would do that. I'm not a big fan of making big moves all at once. Directing new funds to accomplish your goal will be gradual and give the descision time to settle. +1 Whenever possible I try to rebalance by changing future investments rather...
by banhbao
Mon Apr 15, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Feedback on Guideline 401k
Replies: 43
Views: 9134

Re: Feedback on Guideline 401k

Curiously, the strongly negative reviews are only coming from single-post accounts. That could mean they simply haven’t had reason to post anything until now, but that coupled with the fondness for exclamation points make me skeptical, to say the least. I noticed the exact same thing... when you se...