Search found 444 matches

by SnowBog
Sat Nov 28, 2020 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55? What should I think about?
Replies: 34
Views: 4775

Re: Retire at 55? What should I think about?

goodenyou wrote: Sat Nov 28, 2020 12:00 am I am 55 and we have plenty to retire, but now my wife likes her job :oops: Our plan is for us to retire at the same time.
Apparently our spouses have similar thoughts...

My spouse has made it clear, they intend on retiring first - even if only for one day - before I'm allowed to retire...
by SnowBog
Sat Nov 28, 2020 7:30 pm
Forum: Personal Investments
Topic: EE Bonds for high income couple in their 30's
Replies: 20
Views: 1115

Re: EE Bonds for high income couple in their 30's

Personally, I'm willing to take more risk for money 20 years out, and not putting that money into bonds. I keep some money in Series I Savings Bonds as part of my short term 'emergency fund'. This is where I keep netting out. I like EE bonds relative to holding additional bonds outside of my retire...
by SnowBog
Sat Nov 28, 2020 6:44 pm
Forum: Personal Investments
Topic: EE Bonds for high income couple in their 30's
Replies: 20
Views: 1115

Re: EE Bonds for high income couple in their 30's

Now of course there is a purchase limit, $20k/year per couple. So some people might think that it's not worth the trouble. This "used" to be an issue for me... It never made any sense that I could buy let's say $200k if VTI or BND, but I was limited to $10k (person/year) of EE Bonds... Un...
by SnowBog
Sat Nov 28, 2020 6:29 pm
Forum: Personal Investments
Topic: EE Bonds for high income couple in their 30's
Replies: 20
Views: 1115

Re: EE Bonds for high income couple in their 30's

Great idea! Unfortunately, most people don't make plans 20 years out. And the "sweet spot" for EE bonds is exactly 20 years... And I suspect it's extra rare to find someone in their 30's thinking about this for early retirement in their 50's. (I know I surely wasn't... But in hindsight, wi...
by SnowBog
Sat Nov 28, 2020 6:12 pm
Forum: Personal Consumer Issues
Topic: Switching to Ooma
Replies: 42
Views: 2460

Re: Switching to Ooma

I've had Ooma for years. Initially, call quality wasn't quite as good, but lately not sure we know the difference anymore. That said, mainly have the phone for emergencies, including for our child to be able to make calls (before they had a cell phone), and because we've always had a "home phon...
by SnowBog
Sat Nov 28, 2020 12:17 pm
Forum: Investing - Theory, News & General
Topic: Silliest Investment Mistakes?
Replies: 121
Views: 8465

Re: Silliest Investment Mistakes?

Two examples of single stock risk. 1. I bought stock in an oil refinery (teapot refineries) in the Caribbean. The refinery blew up. 2. Next, I bought stock in an insurance company. The plane carrying the board of directors crashed. For the good of the community, please post future stock purchases i...
by SnowBog
Thu Nov 26, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: Pros/Cons of Individual/Joint account ownership?
Replies: 4
Views: 722

Re: Pros/Cons of Individual/Joint account ownership?

For myself, I keep checking /savings in a joint account. I also keep low growth items like munis in a joint account. This is more than enough for several months. Stocks that have high capital gains, I currently keep in an individual account setup with my spouse as beneficiary. This account also cant...
by SnowBog
Thu Nov 26, 2020 2:34 am
Forum: Investing - Theory, News & General
Topic: Pros/Cons of Individual/Joint account ownership?
Replies: 4
Views: 722

Re: Pros/Cons of Individual/Joint account ownership?

That's my understanding. But it also may vary by state...
by SnowBog
Wed Nov 25, 2020 5:09 pm
Forum: Investing - Theory, News & General
Topic: 2021 retirement portfolio ?
Replies: 51
Views: 3052

Re: 2021 retirement portfolio ?

Two weeks ago I sold my total stock position and I'm now 50/50 total stock and Total Bond. I have no idea where anything is going in the future. But I am really good at knowing what down 30% looks like. With a JPMorgan report mentioning three hundred and something billion moving into Bonds in Decem...
by SnowBog
Wed Nov 25, 2020 4:53 pm
Forum: Personal Investments
Topic: Is after tax 401k worth it?
Replies: 27
Views: 2082

Re: Is after tax 401k worth it?

To be clear, it's not just overall employee participation in the plan that matters. It is non-HCE employee participation in after-tax contributions. After-tax contributions are tested on a standalone basis. Thanks for the extra details! I had no idea after-tax was tested separately. I guess I was e...
by SnowBog
Wed Nov 25, 2020 3:59 am
Forum: Investing - Theory, News & General
Topic: Silliest Investment Mistakes?
Replies: 121
Views: 8465

Re: Silliest Investment Mistakes?

I can't compare with most of these posts, so I'll share a "technical" silliness... I no longer remember the specifics, but somehow this year after Fidelity enabled fractional trading on its mobile app, I somehow managed to create a sell transaction for what I thought should have been all o...
by SnowBog
Wed Nov 25, 2020 3:07 am
Forum: Personal Investments
Topic: Is after tax 401k worth it?
Replies: 27
Views: 2082

Re: Is after tax 401k worth it?

If you are a highly compensated employee (HCE), your ability to make after-tax contributions might be limited. The reason is that after-tax contributions are subject to ACP discrimination testing even in safe harbor plans. I am HCE. I would appreciate others to comment on this. This sounds strange ...
by SnowBog
Tue Nov 24, 2020 10:57 pm
Forum: Investing - Theory, News & General
Topic: 2021 retirement portfolio ?
Replies: 51
Views: 3052

Re: 2021 retirement portfolio ?

all you had to do was buy AND HOLD. as in, not sell along the way. as in, stay the course. For me, this was my "ah ha" moment. It took a lot of reading of BH recommended books, forum posts, and lots of soul searching. Search for "the world's worst market timer". The one I'm thin...
by SnowBog
Tue Nov 24, 2020 10:26 pm
Forum: Personal Investments
Topic: Is after tax 401k worth it?
Replies: 27
Views: 2082

Re: Is after tax 401k worth it?

For what it's worth, my goal is to fill up tax-deferred (for employer match), HSA, then Backdoor Roth, then Mega Backdoor Roth, and if I'm lucky enough to have more to save then I'll add to taxable...
by SnowBog
Tue Nov 24, 2020 10:23 pm
Forum: Personal Investments
Topic: Is after tax 401k worth it?
Replies: 27
Views: 2082

Re: Is after tax 401k worth it?

Thank you all, this makes sense. I just checked and my plan allows for "in plan roth rollover". Plan admin is schwab. Is it complicated to fill out the tax forms if I do the mega backdoor ? For instance, is it more complicated than doing the plain roth backdoor? I know these are different...
by SnowBog
Tue Nov 24, 2020 10:19 pm
Forum: Personal Investments
Topic: Is after tax 401k worth it?
Replies: 27
Views: 2082

Re: Is after tax 401k worth it?

If you can do this it certainly might be: https://www.nerdwallet.com/article/investing/mega-backdoor-roths-work Thank you for the link. A follow-up question, suppose I don't do the maga backdoor . When it is time to withdraw from the 401K, how do i know what is pre tax vs after tax money? I dont wa...
by SnowBog
Mon Nov 23, 2020 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: considerations for helping kids/parents with expenses
Replies: 13
Views: 1028

Re: considerations for helping kids/parents with expenses

If the person receiving the gift is on SSI, the gift could negatively impact their eligibility for benefits. This may not apply to the OP, but I am mentioning it in case it applies to anybody who might be reading this thread. The "timing" may also be relevant... I vaguely remember when we...
by SnowBog
Mon Nov 23, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: considerations for helping kids/parents with expenses
Replies: 13
Views: 1028

Re: considerations for helping kids/parents with expenses

You can gift up to $15k in 2020 to each donee without having to report the gift on Form 709. If you are married, you and spouse can each gift $15k. To that end, there's nothing formal about such a gift, right? It's just giving them money? Yes, there is nothing formal. I use appreciated stock for gi...
by SnowBog
Mon Nov 23, 2020 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: considerations for helping kids/parents with expenses
Replies: 13
Views: 1028

Re: considerations for helping kids/parents with expenses

You can gift up to $15k in 2020 to each donee without having to report the gift on Form 709. If you are married, you and spouse can each gift $15k. And as I understand it, if you are married and the person receiving the gift is married, I believe each donee spouse can give $15k/year to each recipie...
by SnowBog
Mon Nov 23, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Opened a Fidelity CMA Account
Replies: 39
Views: 3536

Re: Opened a Fidelity CMA Account

I'd like to set up autodraft from my CMA account. I'm being asked for Bank Name and Address. I can't find that information anywhere. If you open Fidelity from a browser, go to the account you want, at the top of the page you should see the account number and a hyperlink for "Routing Number&quo...
by SnowBog
Mon Nov 23, 2020 1:20 pm
Forum: Investing - Theory, News & General
Topic: If you roll your own financial analysis tools, what do you use?
Replies: 56
Views: 3438

Re: If you roll your own financial analysis tools, what do you use?

Excel: consolidated portfolio record of monthly expenses (copied from Mint) chart of monthly expenses vs monthly SWR (to see how we are approaching FI, and re-enforce/remind that spending is the key driver) monthly "financial health report" showing a simple view to review with spouse on bu...
by SnowBog
Sun Nov 22, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Does it ever make sense to have PMI instead of second mortgage?
Replies: 7
Views: 602

Re: Does it ever make sense to have PMI instead of second mortgage?

I would try to avoid if possible. PMI is an expense. It may make better sense with a mortgage and HELOC. At least equity is building and there is something to show for it. +1 I've always assumed the only reason to pay PMI is if you couldn't get qualified for a second mortgage/HELOC to avoid paying ...
by SnowBog
Sun Nov 22, 2020 8:37 pm
Forum: Personal Consumer Issues
Topic: What is the best robot vaccuum?
Replies: 23
Views: 1510

Re: What is the best robot vaccuum?

I've owned an iRobot for what seems like 5+ years. Sibling has gone thru multiple "cheaper" off brands, each one lasting 1-2 years. I'm not sure if that is a testament to the longevity of iRobot, or the lack of care of my sibling... For myself, the floor layout and you/your mother expectat...
by SnowBog
Sat Nov 21, 2020 2:41 pm
Forum: Personal Consumer Issues
Topic: Wireless gaming headphones for Xbox One, max $125...
Replies: 3
Views: 248

Re: Wireless gaming headphones for Xbox One, max $125...

No personal experience, but was looking at this one for my child. I think it's new, and list price is $150, so over your range, but no idea if you'll be able to find it cheaper via sales (that's my hope). https://www.windowscentral.com/corsair- ... set-review
by SnowBog
Wed Nov 18, 2020 2:37 am
Forum: Personal Investments
Topic: 401a after tax contribution limit
Replies: 15
Views: 943

Re: 401a after tax contribution limit

Not familiar with 403b or 401a, hopefully someone who is will way in... For my 401k, the "limit" is inclusive of any pre-tax or Roth [after-tax] invested (up to the $19500 limit) + any company matches, the remainder is what's available for after-tax (aka Mega Backdoor Roth). So I'd think y...
by SnowBog
Wed Nov 18, 2020 2:27 am
Forum: Personal Investments
Topic: Roth 401K or ROTH IRA
Replies: 12
Views: 810

Re: Roth 401K or ROTH IRA

As I see it, main differences are: access to IRA prior to 59.5 (without extra conversions or penalties) potentially more investment choice /control in your IRA (in my Roth 401k, my options are more limited) 401k may have extra protections from creditors (depending on state) But the "automatic&...
by SnowBog
Wed Nov 18, 2020 2:25 am
Forum: Personal Investments
Topic: Roth conversion investments
Replies: 2
Views: 350

Re: Roth conversion investments

I wouldn't... But I also no longer have plans for purchasing individual stocks (even if only 5%). But even if I did, not sure I'd put them in a Roth. While Roth is great when investments go up, it's horrible when they go down... Since invariably you are going to have "underperforming" stoc...
by SnowBog
Wed Nov 18, 2020 2:15 am
Forum: Personal Investments
Topic: Roth 401K or ROTH IRA
Replies: 12
Views: 810

Re: Roth 401K or ROTH IRA

1. paying taxes on earnings while the money was in 401K after taxes. Double check the "timing"... My plan used to have "quarterly" automatic conversions, eventually switched to daily. If not daily you could still owe taxes... But your #2 & #3 are likely true. See my prior po...
by SnowBog
Wed Nov 18, 2020 2:09 am
Forum: Personal Investments
Topic: Roth 401K or ROTH IRA
Replies: 12
Views: 810

Re: Roth 401K or ROTH IRA

As I see it, main differences are: access to IRA prior to 59.5 (without extra conversions or penalties) potentially more investment choice /control in your IRA (in my Roth 401k, my options are more limited) 401k may have extra protections from creditors (depending on state) But the "automatic&q...
by SnowBog
Tue Nov 17, 2020 2:47 am
Forum: Personal Investments
Topic: I Bonds for Emergency Fund - Over Complicating?
Replies: 47
Views: 3365

Re: I Bonds for Emergency Fund - Over Complicating?

Folks, My emergency fund is around 2 years of expense. I put my emergency fund into the checking account and Vanguard Money Market Mutual Fund. KlangFool Just curious why not online savings accounts? Not worth my effort. KlangFool Not worth getting 0.50% more on your huge emergency fund? Correct. K...
by SnowBog
Tue Nov 17, 2020 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Taking a 100k paycut for a less stressful job?
Replies: 86
Views: 8222

Re: Taking a 100k paycut for a less stressful job?

Life is too short to be miserable. I’d rather be happy with a little less money than miserable with more money. This. But I'm not even sure that you "really" are talking about leaving money on the table... Even if you make $100k (likely closer to $50k adjusted for taxes) less a year, that...
by SnowBog
Sun Nov 15, 2020 10:31 pm
Forum: Personal Investments
Topic: I Bonds for Emergency Fund - Over Complicating?
Replies: 47
Views: 3365

Re: I Bonds for Emergency Fund - Over Complicating?

While the difference in interest on $10,000 for 1 year is negligible, over several years I am thinking I bonds would make sense. The 1 year inaccessible period is a concern. Is this worth considering or should I just leave it alone and keep it all at Ally? FWIW, I'm a big fan of I Bonds, but I real...
by SnowBog
Sun Nov 15, 2020 10:12 pm
Forum: Personal Investments
Topic: I Bonds for Emergency Fund - Over Complicating?
Replies: 47
Views: 3365

Re: I Bonds for Emergency Fund - Over Complicating?

I have seen in other threads the mention of getting locked out and needing a medallion signature. What causes such a lock out? Is it due to a forgotten password or just some random glitch? In the case of a forgotten password, I can understand the need for additional authentication. If it's just a q...
by SnowBog
Sun Nov 15, 2020 1:04 pm
Forum: Personal Consumer Issues
Topic: Microsoft urges users to stop using phone-based multi-factor authentication
Replies: 83
Views: 8915

Re: Microsoft urges users to stop using phone-based multi-factor authentication

Who doesn't own a personal phone? No one I know doesn't own a personal phone. If someone is too poor to own a personal phone, they're not going to have money to invest at Vanguard. You're coming up with ridiculous scenarios. It's not a ridiculous scenario. First, there is a difference between ownin...
by SnowBog
Sat Nov 14, 2020 1:49 pm
Forum: Personal Consumer Issues
Topic: Microsoft urges users to stop using phone-based multi-factor authentication
Replies: 83
Views: 8915

Re: Microsoft urges users to stop using phone-based multi-factor authentication

At bedtime two weeks ago, I got two text messages from my bank with 2FA codes....the cell phone type 2FA codes. The time stamps were just one or two minutes previous. I had not been online to login to that bank. I called my bank; the agent said that my account had recently been logged onto twice. H...
by SnowBog
Sat Nov 14, 2020 1:42 pm
Forum: Personal Investments
Topic: Loss due to error on Fidelity
Replies: 14
Views: 1667

Re: Loss due to error on Fidelity

And if you "made" money on this error, would you expect to give it back? While unfortunate, I think this is the inherent risk in rolling over funds. I consolidated an old Roth IRA in January this year, worked out great. I consolidated my spouses Roth IRA in February, she's just now barely...
by SnowBog
Sat Nov 14, 2020 1:33 pm
Forum: Personal Investments
Topic: Loss due to error on Fidelity
Replies: 14
Views: 1667

Re: Loss due to error on Fidelity

And if you "made" money on this error, would you expect to give it back? While unfortunate, I think this is the inherent risk in rolling over funds. I consolidated an old Roth IRA in January this year, worked out great. I consolidated my spouses Roth IRA in February, she's just now barely ...
by SnowBog
Sat Nov 14, 2020 12:30 pm
Forum: Personal Investments
Topic: I Bonds
Replies: 25
Views: 3158

Re: I Bonds

What are I bonds? Are they the old paper notes you would buy and get in the mail. You keep them like 30 years and cash in. I think they have I bonds and something like EE bonds? My son has a few he got when he was younger. Can you buy them at Vanguard or somewhere without getting a paper copy? You ...
by SnowBog
Sat Nov 14, 2020 12:24 pm
Forum: Personal Investments
Topic: I Bonds
Replies: 25
Views: 3158

Re: I Bonds

Thanks for all the replies! I bonds seem great for a number of reasons, including extra tax-deferred space. They may make sense for special situations like an emergency fund or education savings for a kid but I really do not like them at the current interest rates as a general investment. The probl...
by SnowBog
Sat Nov 14, 2020 12:31 am
Forum: Personal Finance (Not Investing)
Topic: How to auto-sell at vest on Fidelity
Replies: 1
Views: 302

Re: How to auto-sell at vest on Fidelity

Don't believe it's possible... At least not that I've been able to find either...
by SnowBog
Fri Nov 13, 2020 7:58 pm
Forum: Personal Consumer Issues
Topic: Microsoft urges users to stop using phone-based multi-factor authentication
Replies: 83
Views: 8915

Re: Microsoft urges users to stop using phone-based multi-factor authentication

This is a lot of FUD in my opinion, 2-factor via phone is already very secure and they even admit as such: PS: This shouldn't mean that users should disable SMS or voice-based MFA for their accounts. SMS MFA is still way better than no MFA. I personally don't have major concerns with SMS MFA, it is...
by SnowBog
Fri Nov 13, 2020 12:12 am
Forum: Personal Investments
Topic: I Bonds
Replies: 25
Views: 3158

Re: I Bonds

I wouldn't forgo putting money into your 401k (missing the current tax deduction) to buy Savings Bonds... ... but if you're already maxing out your 401k Savings Bonds are great Agreed - but I'll expand that to include Roth (Backdoor/Mega if available). If you have money left, I think I Bonds are a ...
by SnowBog
Wed Nov 11, 2020 10:03 pm
Forum: Personal Investments
Topic: High yield savings at fidelity
Replies: 4
Views: 1034

Re: High yield savings at fidelity

In short, no... Personally, I love Fidelity's Cash Management Account, and use it as my default checking and savings vehicle. And you can use any available money market at Fidelity, so you can get decent rates (better than their low FDIC rates). (See the various Fidelity One Stop threads.) But at cu...
by SnowBog
Wed Nov 11, 2020 1:06 am
Forum: Personal Investments
Topic: Can I retire at 49
Replies: 192
Views: 17255

Re: Can I retire at 49

Hi SnowBog, Regardless, I'm not sure the numbers work... Similar expenses to you, married only one child (slightly younger than yours), a little younger than you, but we have more saved - and plan on saving even more before pulling the cord... Have you tried something like FireCalc? What were the r...
by SnowBog
Sun Nov 08, 2020 8:22 pm
Forum: Personal Investments
Topic: Can I retire at 49
Replies: 192
Views: 17255

Re: Can I retire at 49

Regardless, I'm not sure the numbers work...

Similar expenses to you, married only one child (slightly younger than yours), a little younger than you, but we have more saved - and plan on saving even more before pulling the cord...

Have you tried something like FireCalc? What were the results?
by SnowBog
Sun Nov 08, 2020 8:19 pm
Forum: Personal Investments
Topic: Can I retire at 49
Replies: 192
Views: 17255

Re: Can I retire at 49

Am targeting a 6% SWR from portfolio of $1.5 million What's the timeline? As others have noted, 6% WR seems rather high, especially at 49, when the general guidance for that early is closer to 3 - 3.5% (well below 4%, which isn't as safe for early retirement). However, if I followed your post, it s...
by SnowBog
Sat Nov 07, 2020 8:38 pm
Forum: Investing - Theory, News & General
Topic: Maximum or Ideal Number of Funds in Portfolio
Replies: 54
Views: 3026

Re: Maximum or Ideal Number of Funds in Portfolio

Generally, I'm a fan of simplification, but I make a couple of exceptions in my taxable account. I never hold the exact same (or a "substantially identical") fund in my taxable account as those funds I use in my tax advantaged accounts. This helps avoid wash sales... This year was the firs...
by SnowBog
Sat Nov 07, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?
Replies: 74
Views: 6506

Re: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?

I’d definitely keep the pension. $850/month for life from 65? Even if it’s not inflation-indexed, that’s a decent chunk of groceries. Depending on the plan, they can potentially be delayed past 65 for a bigger payout. Although most paperwork simply shows @ age 65, if you look at plan details, or if...
by SnowBog
Sat Nov 07, 2020 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?
Replies: 74
Views: 6506

Re: 39 Year-Old Offered Pension Lump Sum Buyout - Take It?

I would take it now. If you die before you get to full pension, your loved ones would get nothing. That may not be true... OP needs to verify... Not all plans are the same. Between myself and my spouse, we have 3 pensions between us. Spouse from current employer, myself from 2 former employers wher...
by SnowBog
Sat Nov 07, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Opened a Fidelity CMA Account
Replies: 39
Views: 3536

Re: Opened a Fidelity CMA Account

Care to elaborate on the weaknesses of the Fido credit card? A bit late on the response . . . . The main issue is delayed text. I have my phone set up so I know when the card is being used. Amex and Discover are instantaneous, but the Fido card sometimes texts in the middle of the night. If I've ha...