Search found 23 matches

by DrGoguma
Sun Oct 18, 2020 2:39 pm
Forum: Personal Investments
Topic: Accepting Before and After Tax Pension Lump Sum and starting Backdoor Roth
Replies: 3
Views: 317

Accepting Before and After Tax Pension Lump Sum and starting Backdoor Roth

Hello I am going to receive about 55k as part of a pension buyout. 52k of that will be before tax, and 3k will be after tax contributions. I am planning to add the 55k to my rollover IRA account at Vanguard, and then transition the amount there into my 401k at my current employer. At present my roll...
by DrGoguma
Tue Sep 29, 2020 8:47 pm
Forum: US Chapters
Topic: Where did HEDGEFUNDIE go?
Replies: 81
Views: 8514

Re: Where did HEDGEFUNDIE go?

I think because the person who posted it had no reasoning (literally none) behind their argument while HF had demonstrated with numbers why he recommended what he recommended. Hedgefundie wanted to engage in order to get sharper, see things he was missing, etc. Hearing one more: we do this because ...
by DrGoguma
Tue Sep 29, 2020 8:22 pm
Forum: US Chapters
Topic: Where did HEDGEFUNDIE go?
Replies: 81
Views: 8514

Re: Where did HEDGEFUNDIE go?

HEDGEFUNDIE's latest (i.e. last) post is here . In general, to find a user's last post, you can hover over any place where the system is showing their screen name. It will turn into a link and you can click on it to find the user's profile. Or, you can click on the gear icon top right near the sear...
by DrGoguma
Sun Aug 30, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Advice
Replies: 22
Views: 1309

Re: Pension Lump Sum Advice

There is something screwy with the $90 single option so I'll ignore it. (It should pay more, not less, that an option with a survivor benefit.) Yep, should have been 99.50. I don't think it changes your analysis. Yes, 3% return was what I calculated also. I hadn't really thought about using it to r...
by DrGoguma
Sun Aug 30, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Advice
Replies: 22
Views: 1309

Re: Pension Lump Sum Advice

Will you be giving up any healthcare benefits if you take the lump sum? Being a corporate pension I'm guessing not. However, if you can buy insurance through their group plan in retirement because you're a pensioner it might be worthwhile to keep it. Especially if you're retiring plenty early. Gran...
by DrGoguma
Sun Aug 30, 2020 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Advice
Replies: 22
Views: 1309

Re: Pension Lump Sum Advice

I think you can roll this into an IRA, can't you? +1 It would be very unusual to not be able to do this. There may be other relevant details, just let me know what to add. Is the pension adjusted for inflation? What happens to the pension if both you and your spouse die before you start it? In some...
by DrGoguma
Sun Aug 30, 2020 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Advice
Replies: 22
Views: 1309

Re: Pension Lump Sum Advice

My former employer didn't offer me a lump sum, and my pension won't grow with inflation over the next 25+ years until I can collect. It will just sit there, frozen in 2019 valuation. Pretty frustrating. :? I don't understand the exact criteria, but I didn't get offered the buyout when I left that j...
by DrGoguma
Sun Aug 30, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Advice
Replies: 22
Views: 1309

Re: Pension Lump Sum Advice

If I have to pay taxes on the lump sum, its a bad deal I think. Can I roll it into a pre-tax IRA? Can I later roll that into my 401k to make backdoor roth still available? If the pension is rolled over into an IRA or 401k within a specific period, then you won't pay tax now. Check with your 401k pl...
by DrGoguma
Sun Aug 30, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Advice
Replies: 22
Views: 1309

Re: Pension Lump Sum Advice

I think you can roll this into an IRA, can't you? Or is that what you meant by "lump sum looks better than deferment"? If that is what you mean, why would it be better? If I have to pay taxes on the lump sum, its a bad deal I think. Can I roll it into a pre-tax IRA? Can I later roll that ...
by DrGoguma
Sun Aug 30, 2020 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Advice
Replies: 22
Views: 1309

Pension Lump Sum Advice

Hello A former employer has offered me a pension lump sum. Except for the tax implications, the lump sum looks better than deferment. But I don't think I really understand all of the intricacies in my situation. Can anyone help me understand the details? Here are perhaps relevant stats for me and my...
by DrGoguma
Mon Apr 27, 2020 9:55 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 20521

Re: Why am I even saving for retirement?

Everyone warning me SS benefits will be cut are missing the point. If it’s cut it’s cut. I’ll save some more to make up for the gap or cut my expenses. Now, does that possibility require me to continue delaying gratificatio n and continue socking away >$100k/yr for two more decades? I think not. Wh...
by DrGoguma
Sat Apr 18, 2020 8:16 pm
Forum: Investing - Theory, News & General
Topic: Munger/Buffett on riding out the storm
Replies: 76
Views: 10855

Re: Munger/Buffett on riding out the storm

I’ve been wondering if it (Berkshire/Buffets lack of moves at this time) isn’t somewhat related to the fact that at its heart Berkshire is an insurance business holding a float that will be paid out in the future. This event is unprecedented and there are a lot of unknowns as to who will be ABLE to...
by DrGoguma
Wed Apr 01, 2020 6:30 pm
Forum: Personal Consumer Issues
Topic: What's worth paying more for?
Replies: 80
Views: 6744

Re: What's worth paying more for?

automatic Swiss watch - Omega I have an Omega watch (a limited edition seamaster of some sort). And I keep it only to remind myself that some luxury goods are not worth it. It keeps far worse time than a Timex -- and I've got far more stylish watches for far less where I just bought a nice bracelet...
by DrGoguma
Fri Mar 13, 2020 7:02 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1289
Views: 122183

Re: Well, I am market timing due to coronavirus... Wish me luck.

Consider the distance of the average italian from someone who travelled internationally in the last week and the distance for the average american. Massive difference. Consider the average age. Consider the population density. The average American (80%) lives in a city. As of 2015 62% of the popula...
by DrGoguma
Fri Mar 13, 2020 5:00 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1289
Views: 122183

Re: Well, I am market timing due to coronavirus... Wish me luck.

Consider the distance of the average italian from someone who travelled internationally in the last week and the distance for the average american. Massive difference. Consider the average age. Consider the population density. The average American (80%) lives in a city. As of 2015 62% of the popula...
by DrGoguma
Fri Mar 13, 2020 4:28 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1289
Views: 122183

Re: Well, I am market timing due to coronavirus... Wish me luck.

NYT has a history of exaggeration so who knows how much they actually varied from what the CDC actually told them. Are you calling this fake news? Are you denying what is happening in Italy? Do you think Americans have special immunity from this virus, and it won't propagate in the USA as it did in...
by DrGoguma
Wed Mar 04, 2020 10:40 pm
Forum: Investing - Theory, News & General
Topic: "Can Low Retirement Savings Be Rationalized?"
Replies: 184
Views: 10289

Re: "Can Low Retirement Savings Be Rationalized?"

Thesaints wrote: Wed Mar 04, 2020 9:38 pm
= life is good.
Important questions are "will it stay good ?" and "could it have been better ?"
No, those are definitely not important questions. The point of life is to be happy. She/he said they are happy.
by DrGoguma
Wed Mar 04, 2020 12:36 am
Forum: Investing - Theory, News & General
Topic: "Can Low Retirement Savings Be Rationalized?"
Replies: 184
Views: 10289

Re: "Can Low Retirement Savings Be Rationalized?"

Great article. Slays many of the sacred cows around here. Which ones in particular? 1. That you need to live beneath your means for decades on end to have a chance at a decent retirement. 2. That you should wait as long as possible to claim SS. 3. That anything more than a 4% withdrawal rate is uns...
by DrGoguma
Sun Mar 01, 2020 2:50 pm
Forum: Personal Consumer Issues
Topic: TV recommendations?
Replies: 37
Views: 2562

Re: TV recommendations?

I prefer the LGs picture, but I bought a Samsung. There is alot of sun in that room and the anti-glare coating is way better on the Samsung.
by DrGoguma
Sat Jan 11, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4900
Views: 939622

Re: What's Your Credit Card Rewards Strategy?

Has anyone had any problems using Chase's or other issuer's travel portal? In particular, I'm concerned that Chase uses Expedia, which reportedly has a horrible reputation for customer service. For example, if a flight is cancelled, you'd have to go through Expedia to rebook and their inefficiency ...
by DrGoguma
Tue Dec 31, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: For those who got out of tech industry (voluntarily or involuntarily)..
Replies: 109
Views: 8976

Re: For those who got out of tech industry (voluntarily or involuntarily)..

I worked as a software developer from 1998 - 2003. I realized the hours probably weren't sustainable and the work wasn't very interesting, so I went back to grad school and got a PhD (2009). Now I work as a CS researcher in a role where I am likely to eventually retire. I don't think I would suggest...
by DrGoguma
Sun Nov 10, 2019 10:26 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 107
Views: 7952

Re: If you were forced to pick an alternative asset...

Can't you sell your life insurance? So invest the money in life extension perhaps to keep laddering up, maybe.
by DrGoguma
Fri Oct 04, 2019 6:11 pm
Forum: Personal Consumer Issues
Topic: Recommendation for Carry on Luggage
Replies: 64
Views: 5011

Re: Recommendation for Carry on Luggage

I see some of the recommended carry-on luggage costs more than $300 a piece. What kind of expensive stuffs do you want to put in? I am willing to buy a small inexpensive carry-on bag or luggage (around $40 at Walmart), and buy whatever is needed at the destination. Do you think that $40 piece of lu...