Search found 260 matches

by smarcus3
Mon Apr 08, 2019 10:06 pm
Forum: Investing - Theory, News & General
Topic: Indexing's share of trading is 1%, VG White Paper
Replies: 11
Views: 1392

Re: Indexing's share of trading is 1%, VG White Paper

Very interesting. Thanks for sharing.
by smarcus3
Sun Apr 07, 2019 1:29 pm
Forum: Personal Investments
Topic: 401k Roth / Traditional Allocation
Replies: 34
Views: 980

Re: 401k Roth / Traditional Allocation

You're not just paying federal but state tax as well. Include both in your calculations.

Basically if your pre tax money at retirement is <= your current salary x 25 pretax is better. If your pre tax money at retirement is projected to be > currently salary x 25 after tax is better.
by smarcus3
Sun Apr 07, 2019 12:39 pm
Forum: Personal Investments
Topic: 401k Roth / Traditional Allocation
Replies: 34
Views: 980

Re: 401k Roth / Traditional Allocation

What're your current pre tax $$$ saved in either IRA or 401k?

What's your state income tax rate? Are you planning on retiring to a different state?
by smarcus3
Fri Apr 05, 2019 7:16 pm
Forum: Investing - Theory, News & General
Topic: Ideas for funding Brokerage Account?
Replies: 9
Views: 808

Re: Ideas for funding Brokerage Account?

Fidelity zeros are mutual funds which typically are less tax efficient than ETFs. The only exception is vanguard mutual funds which they hold a patent on currently. Anyways the fidelity funds tax efficiency are too new to determine. Therefore fidelity zeros for new contributions to Roth and VTI / VX...
by smarcus3
Sat Mar 30, 2019 2:20 pm
Forum: Personal Investments
Topic: Nouveau Riche Issue!
Replies: 17
Views: 4373

Re: Nouveau Riche Issue!

If your in a state with income tax and may retire to a state which doesn't tax income traditional will be that much better than Roth TSP contributions as well.
by smarcus3
Wed Mar 27, 2019 4:49 pm
Forum: Personal Investments
Topic: What to do?
Replies: 16
Views: 2336

Re: What to do?

Treasuries are also state income tax free :beer
by smarcus3
Sat Mar 23, 2019 7:46 pm
Forum: Investing - Theory, News & General
Topic: Timing a first-time home purchase
Replies: 16
Views: 1041

Re: Timing a first-time home purchase

Buy if that's what you want to do. If you're unsure rent and you can re-evaluate it on a yearly basis. I've rented for years and plan to continue to do so as it frees up my time, stops me from spending money customizing it and in my market rent vs buy is financially equivalent.
by smarcus3
Fri Mar 22, 2019 8:59 pm
Forum: Personal Investments
Topic: What to do?
Replies: 16
Views: 2336

Re: What to do?

Many thanks. The banker did indeed make options 2 and 3 sound good. Again, I am not abreast of financial trends but am feeling very guarded in my outlook of our nation’s immediate future. For this reason I am considering being very conservative in the immediate future. In answer to an earlier comme...
by smarcus3
Fri Mar 22, 2019 3:10 pm
Forum: Personal Investments
Topic: What to do?
Replies: 16
Views: 2336

Re: What to do?

What ages are your heirs and when do you intend them to spend the money?
by smarcus3
Fri Mar 22, 2019 11:44 am
Forum: Personal Investments
Topic: Vanguard Total World Stock - Ex Dividend Date question
Replies: 7
Views: 478

Re: Vanguard Total World Stock - Ex Dividend Date question

FootballFan5548 wrote:
Fri Mar 22, 2019 11:40 am
yes, these are in taxable. So by waiting I miss the taxable dividend. So waiting seems to be the move, i'll buy in on Tuesday.
Updated my prior post with tax amount.

Buy as the market is now 2% off :sharebeer
by smarcus3
Fri Mar 22, 2019 11:39 am
Forum: Personal Investments
Topic: Vanguard Total World Stock - Ex Dividend Date question
Replies: 7
Views: 478

Re: Vanguard Total World Stock - Ex Dividend Date question

If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. So purchasing today you would get the dividend. Assuming these are taxable accounts? Either way I would buy as soon as you can to ensure more time in the market. $10000 with a 0.5% dividend is $...
by smarcus3
Fri Mar 22, 2019 11:35 am
Forum: Personal Investments
Topic: What to do?
Replies: 16
Views: 2336

Re: What to do?

Brand new to the forum. Here’s my situation: I am a relative novice at investments. At age 69 I have managed to accumulate a bit over $500k with the guidance of financial advisors. I receive an adequate monthly retirement pension, so I hope to leave this sum as an inheiritance to my family. I plan ...
by smarcus3
Fri Mar 22, 2019 11:22 am
Forum: Personal Investments
Topic: saving too much?
Replies: 17
Views: 1526

Re: saving too much?

Wiggums wrote:
Fri Mar 22, 2019 11:19 am
I think you would be saving a bit too much, but this goal would likely change should you buy a house or add kids to the equation.
+1 to this. I currently save 55% but I know that will change once kids come along
by smarcus3
Fri Mar 22, 2019 11:18 am
Forum: Personal Investments
Topic: saving too much?
Replies: 17
Views: 1526

Re: saving too much?

At that savings rate you'll be able to retire in 17 years if you're starting with nothing. If you're enjoying your current lifestyle keep it up.
by smarcus3
Fri Mar 22, 2019 9:04 am
Forum: Personal Investments
Topic: Vanguard - dissappointed
Replies: 44
Views: 5972

Re: Vanguard - dissappointed

Fidelity is not a bank. If you're looking for a full service brokerage with all the bells and whistles fidelity is the better option. Vanguard is setup for primarily mutual funds however I still love vanguard. Vanguard has extra limitations as they're not a bank unlike fidelity. Call them up and as...
by smarcus3
Thu Mar 21, 2019 10:39 pm
Forum: Personal Investments
Topic: Vanguard - dissappointed
Replies: 44
Views: 5972

Re: Vanguard - dissappointed

If you're looking for a full service brokerage with all the bells and whistles fidelity is the better option. Vanguard is setup for primarily mutual funds however I still love vanguard. Vanguard has extra limitations as they're not a bank unlike fidelity.
by smarcus3
Sun Mar 17, 2019 9:24 pm
Forum: Personal Investments
Topic: Excess Roth IRA Contributions - How to correct?
Replies: 5
Views: 434

Re: Excess Roth IRA Contributions - How to correct?

Can you recharacterize to non deductible ira then convert to a Roth?
by smarcus3
Sun Mar 17, 2019 11:17 am
Forum: Personal Investments
Topic: Advice on meeting my financial goal
Replies: 15
Views: 936

Re: Advice on meeting my financial goal

As a gut check if you income is $300k and you're saving $56K you current COL is $244K. This spending will require $6.1M in investments in retirement.
by smarcus3
Sun Mar 17, 2019 11:12 am
Forum: Personal Investments
Topic: Possible over contribution to Roth IRA
Replies: 5
Views: 361

Re: Possible over contribution to Roth IRA

Do your 2019 taxes with your 2018 software will estimated number of course to see where you end up. Can you increase contributions to 401ks to reduce MAGI? HSA contributions?
by smarcus3
Sun Mar 17, 2019 11:08 am
Forum: Personal Investments
Topic: Mourning the loss of savings rate
Replies: 38
Views: 4473

Re: Mourning the loss of savings rate

My recommendation? Stop focusing on absolutes. Things change. I smile when I see people writing detailed plans and coming up with exact forecasts. Life changes. Especially if you don't have kids yet, or just got kids. Many haven't a clue how much kids cost. Here's my guidance, take it for what it's...
by smarcus3
Sun Mar 17, 2019 11:04 am
Forum: Personal Investments
Topic: Advice on meeting my financial goal
Replies: 15
Views: 936

Re: Advice on meeting my financial goal

At $56K annual contributions and assuming a rate of return of 5% with the current asset allocation will give you $1.1M in 10 years. This is the value of your 401k / IRA only.

If you invest the MM at the same AA of the retirement funds that $1.1M will be $1.6M
by smarcus3
Sun Mar 17, 2019 10:54 am
Forum: Personal Investments
Topic: Advice on meeting my financial goal
Replies: 15
Views: 936

Re: Advice on meeting my financial goal

Calculate what you annual living expenses are. Then reduce MM to that amount. Then if s**T hits the fan you still can live off you cash for 1 year. Invest the rest. Once this is calculated I would sit down with your wife and show the impact of not investing idle cash and how you wont meet your goal ...
by smarcus3
Sun Mar 17, 2019 10:52 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22663

Re: How to realistically FIRE?

want vs need argument isn't needed. Otherwise everyone on this site should go rent the cheapest apartment in town in the worst area in town for $500 / month and live off MREs. Montly expenses at <$750/month and everyone can FIRE at a network of $225K.
by smarcus3
Sun Mar 17, 2019 10:50 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22663

Re: How to realistically FIRE?

I don’t agree, 2.5% withdrawal rate is ultra conservative. If you manage things reasonably one should never have to dip below 3%. I don't necessarily disagree, but time horizon matters. 3% for someone who is 55-60 I think is pretty darn safe. 3% for someone who is 35, not as safe. At age 50, you co...
by smarcus3
Sun Mar 17, 2019 9:50 am
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 13483

Re: The case for 100% equities

backtesting shows that a higher rate of equities yield to a higher probability of success not less. Especially over longer time horizons than 30 years. a 50/50 will fail 35% of the time at a 4% withdrawal ratio compared to just 15% with a 75% equities portfolio. 100% is even better. https://i0.wp.co...
by smarcus3
Sun Mar 17, 2019 9:48 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22663

Re: How to realistically FIRE?

If your mindset is one of fear and scarcity, no SWR can be too low, no multiple of expenses can be too high and no serial deep discounting of other revenue streams can be enough. What you end up in sum is a ridiculous plan that involves never retiring or working for many more years than you need to...
by smarcus3
Sun Mar 17, 2019 9:20 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22663

Re: How to realistically FIRE?

4% works for 30 years. 3.5% works the same for a time horizon of 60 years. I was trying to find the research to back this up; however, I couldn't. https://i0.wp.com/earlyretirementnow.com/wp-content/uploads/2016/11/swr-part1-table1.png?resize=764%2C500&ssl=1 Updated with link: https://earlyretiremen...
by smarcus3
Sun Mar 17, 2019 9:17 am
Forum: Personal Investments
Topic: Filing tax returns for roling over IRA to 401k with distribution
Replies: 6
Views: 406

Re: Filing tax returns for roling over IRA to 401k with distribution

Adjusted my line numbers above. I was using prior years.
by smarcus3
Sat Mar 16, 2019 9:19 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 13483

Re: The case for 100% equities

I'm currently in that position with no plans to change from 100% equities.
by smarcus3
Sat Mar 16, 2019 8:59 pm
Forum: Personal Investments
Topic: Filing tax returns for roling over IRA to 401k with distribution
Replies: 6
Views: 406

Re: Filing tax returns for roling over IRA to 401k with distribution

distribution gets reported on line 4a of IRS Form 1040. This amount is shown in Box 1 of the 1099-R. TT puts the comment ROLLOVER next to 4b on the 1040 by default.

If everything was rolled into another retirement account write zero on line 4b.

I'll double check tomorrow morning on the computer.
by smarcus3
Sat Mar 16, 2019 8:47 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 13483

Re: The case for 100% equities

I have a years worth of expenses and don't count this in networth or asset allocation. By mentally ignoring it I'm never tempted to do something fancy and foolish with it. I don't see a problem not counting an emergency fund in your asset allocation. Do you count the cash in your wallet part of your...
by smarcus3
Sat Mar 16, 2019 3:39 pm
Forum: Personal Investments
Topic: Should I borrow from my emergency fund to max out my ROTH IRA
Replies: 22
Views: 1037

Re: Should I borrow from my emergency fund to max out my ROTH IRA

Money is fungible. Dont EVER lose Roth space - you can never get it back. I'm inclined to agree. Keep in mind that the funds in the Roth can be invested in the same allocation as your emergency fund. Completely agree if you don't invest the money in the Roth until you build back up cash reserves.
by smarcus3
Sat Mar 16, 2019 3:26 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 13483

Re: The case for 100% equities

Trust but verify.

But really trust very very few.
by smarcus3
Sat Mar 16, 2019 3:20 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 13483

Re: The case for 100% equities

As always ask for advice from others, understand the information then decide for yourself. Don't blindly trust strangers on the internet. :twisted:
by smarcus3
Sat Mar 16, 2019 2:02 pm
Forum: Personal Consumer Issues
Topic: End of Support Chromebook
Replies: 59
Views: 5097

Re: End of Support Chromebook

Conjure with chromebooks but this happens with Windows computers. Its why your at a heightened risk when using public wifi hotspots. Most devices are setup to 'trust' local intranet connections so once you breach a single device behind the firewall / router the others are more susceptible to attack....
by smarcus3
Sat Mar 16, 2019 1:42 pm
Forum: Personal Investments
Topic: Should I borrow from my emergency fund to max out my ROTH IRA
Replies: 22
Views: 1037

Re: Should I borrow from my emergency fund to max out my ROTH IRA

You can do this if you keep the invested money in the roth in a cash equivalent investment with no to minial risk. Once the emergency fund is back funded invest away in the Roth :)
by smarcus3
Sat Mar 16, 2019 11:57 am
Forum: Personal Investments
Topic: Filing tax returns for roling over IRA to 401k with distribution
Replies: 6
Views: 406

Re: Filing tax returns for roling over IRA to 401k with distribution

Did you do an indirect roll over, meaning a check was cut to you and you then sent this check into your 401(k)?
by smarcus3
Sat Mar 16, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: End of Support Chromebook
Replies: 59
Views: 5097

Re: End of Support Chromebook

bondsr4me wrote:
Sat Mar 16, 2019 11:53 am
smarcus3 wrote:
Sat Mar 16, 2019 11:26 am
Here you go: https://tutorials.ubuntu.com/tutorial/t ... -windows#0

I did it years ago. Very easy. Now I just buy cheap laptops off dell outlet so I don't have to deal with the limitations of Linux.
thanks for the link!
No problem.
by smarcus3
Sat Mar 16, 2019 11:26 am
Forum: Personal Consumer Issues
Topic: End of Support Chromebook
Replies: 59
Views: 5097

Re: End of Support Chromebook

Here you go: https://tutorials.ubuntu.com/tutorial/t ... -windows#0

I did it years ago. Very easy. Now I just buy cheap laptops off dell outlet so I don't have to deal with the limitations of Linux.
by smarcus3
Sat Mar 16, 2019 11:20 am
Forum: Personal Consumer Issues
Topic: End of Support Chromebook
Replies: 59
Views: 5097

Re: End of Support Chromebook

You can live boot into Ubuntu to 'try' it without changing anything with the current OS. not sure if this works for Chromebooks through. it does for Windows.
by smarcus3
Sat Mar 16, 2019 11:16 am
Forum: Personal Investments
Topic: Okay to do both backdoor & megadoor?
Replies: 3
Views: 433

Re: Okay to do both backdoor & megadoor?

no issues doing both a backdoor and mega backdoor Roth IRA. Can do $6000 per year in a non deductible tIRA to ROTH conversion. Then full after tax allowed 401k is equal to 56,000 - employer match - pre tax contributions. Through conversions through in service conversions or when you leave the compan...
by smarcus3
Sat Mar 16, 2019 11:02 am
Forum: Personal Investments
Topic: Need help picking bond fund from EMPLOYER 457B lineup
Replies: 3
Views: 232

Re: Need help picking bond fund from EMPLOYER 457B lineup

Id think short duration funds aren't needed so either FXNAX which has an average duration of 8 years or VBLIX which has an average duration of 15 years. Longer durations "should" have a higher yield than shorter ones. However the current yield curve is very flat. Longer durations are more susceptibl...
by smarcus3
Sat Mar 16, 2019 9:55 am
Forum: Personal Consumer Issues
Topic: End of Support Chromebook
Replies: 59
Views: 5097

Re: End of Support Chromebook

That's disappointing. I know my current spectrum and Google does but that's not yours. Might be worth a call to technical support
by smarcus3
Fri Mar 15, 2019 11:28 pm
Forum: Personal Investments
Topic: 401(K) and asset protection
Replies: 30
Views: 1725

Re: 401(K) and asset protection

Thanks for the clarification. Had to read that again. Makes sense now. Thanks.
by smarcus3
Fri Mar 15, 2019 11:27 pm
Forum: Personal Investments
Topic: Most people wish they invested more and sooner. Any of you wish they invested less?
Replies: 38
Views: 4593

Re: Most people wish they invested more and sooner. Any of you wish they invested less?

No. Yes? It's more where/how the money was invested, like a few others have mentioned. I'm winding down my work years and have nothing in taxable, a nice amount in Roth IRA/401k and very nice amount in a traditional 401k. Now I struggle with the best way to do things - moving to a LCOL state and bu...
by smarcus3
Fri Mar 15, 2019 11:23 pm
Forum: Personal Consumer Issues
Topic: End of Support Chromebook
Replies: 59
Views: 5097

Re: End of Support Chromebook

Getting Ubuntu on it would probably be a good option instead of running unsecured.
by smarcus3
Fri Mar 15, 2019 11:21 pm
Forum: Personal Investments
Topic: 401(K) and asset protection
Replies: 30
Views: 1725

Re: 401(K) and asset protection

I wasn't aware of that either. Thanks for the good knowledge. :sharebeer
by smarcus3
Fri Mar 15, 2019 11:19 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 13483

Re: The case for 100% equities

what am I missing here?" A few years of working will heal market losses. smarcus3, The OP did not do the calculation. How could he recover 10 years of savings in a few years? KlangFool Average bear is 14 months. Longest ever is 60. 3 or so years of new contributions and no spending down the nest eg...
by smarcus3
Fri Mar 15, 2019 11:10 pm
Forum: Personal Investments
Topic: Take the Lump Sum now? Or get annuity payments for life?
Replies: 7
Views: 1265

Re: Take the Lump Sum now? Or get annuity payments for life?

Which state is your pension coming from? Inflation adjustment? Assuming 20 more years left to take distributions (sorry for being morbid) the monthly payments are better. This assumes the lump sum earns 5% when you take the distribution and payments aren't adjusted for inflation. As long as the stat...
by smarcus3
Fri Mar 15, 2019 10:59 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 13483

Re: The case for 100% equities

If I was cutting it close and near retirement you have to reduce risk as you approach retirement. If you're significantly above your number it's not a concern. If your significantly below you need the market assistance even of that means working longer. If you don't need the returns and don't want r...