Search found 132 matches

by oleblue
Sun Jul 15, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Switching to Target Retirement Funds
Replies: 15
Views: 2336

Re: Thoughts on Switching to Target Retirement Funds

If you won’t be working, I’m not sure a glide path is appropriate. You might move the LifeStrategy fund in taxable space to the stock index funds if the taxes are manageable, and move everything else to LifeStrategy Moderate Allocation. One concern is if you won’t be working, you may be dealing wit...
by oleblue
Sat Jul 14, 2018 3:00 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Switching to Target Retirement Funds
Replies: 15
Views: 2336

Re: Thoughts on Switching to Target Retirement Funds

Not so much so you could liquidate stocks or bonds - that would involve big changes to your asset allocation and constitute market timing. But besides tax gain harvesting, which is what 02nz suggested you do when you sell your LifeStrategy fund, keeping funds like Total Stock Market and Total Inter...
by oleblue
Thu Jul 12, 2018 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Switching to Target Retirement Funds
Replies: 15
Views: 2336

Re: Thoughts on Switching to Target Retirement Funds

EDIT TO ADD: You may already have thought of this, but if you're looking at a potential period of low/no income, that would be a perfect time to harvest capital gains at 0% LTCG tax rate and/or do Roth conversions at low income tax rates. So hold off taking capital gains until then, and do all trad...
by oleblue
Thu Jul 12, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Switching to Target Retirement Funds
Replies: 15
Views: 2336

Re: Thoughts on Switching to Target Retirement Funds

What overall asset mix do you want? With TRF's you sort of get what they give you. Does that match what you want? If it doesn't, then one way to adjust it would be to hold only Total International Total Stock Market in taxable in percentages that help balance your desired AA vs. what you get from t...
by oleblue
Thu Jul 12, 2018 6:37 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Switching to Target Retirement Funds
Replies: 15
Views: 2336

Thoughts on Switching to Target Retirement Funds

Hello all, I'm debating switching my VG funds to a Target Retirement Funds and would really appreciate your thoughts on it. I've always managed my own investments and made an honest attempt to rebalance every year. I recently spoke to a fee only CFP to validate and get a birds eye view of my financi...
by oleblue
Wed Apr 11, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: 6 yr Progress Update and Checkup
Replies: 8
Views: 1541

Re: 6 yr Progress Update and Checkup

Well done!! Check out 72(t) distributions for your bridge to 59.5 http://www.retireearlyhomepage.com/wdraw59.html Thank you! I appreciate that information. Regarding bridge options, I found this site the other day and it really made me feel better about and also think differently about continuing t...
by oleblue
Mon Apr 09, 2018 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: 6 yr Progress Update and Checkup
Replies: 8
Views: 1541

Re: 6 yr Progress Update and Checkup

If you can live off your pension + side business after age 40 until 55 you've won the game my friend! Probably not a bad idea to keep a taxable cushion but you can also withdraw Roth contributions if needed. I'd wait to buy until after you know where you'll be in 5 years unless you run one of those...
by oleblue
Mon Apr 09, 2018 4:52 am
Forum: Investing - Help with Personal Investments
Topic: 6 yr Progress Update and Checkup
Replies: 8
Views: 1541

6 yr Progress Update and Checkup

After reviewing some of my older posts I decided to do a 6 year progress update. It's crazy how much things can and did change in 6 years and how your path of life changes. I said originally I wanted to retire by the time I was 55. I've since changed that and the goal is now to be semi-retired at 40...
by oleblue
Mon Jan 18, 2016 1:29 am
Forum: Personal Finance (Not Investing)
Topic: iphone expenses app?
Replies: 10
Views: 1173

Re: iphone expenses app?

I've been looking for an iphone expense app as well. My wife just became an independent contractor this year and we need an easy way to keep track of her expenses. Quicken does have one but it's limited to what you can do with it. Here is a link to it. http://www.quicken.com/content/stay-connected-y...
by oleblue
Sat Jan 16, 2016 2:04 am
Forum: Investing - Help with Personal Investments
Topic: Need help to invest for a Roth and SEP IRA
Replies: 3
Views: 514

Re: Need help to invest for a Roth and SEP IRA

After reading and researching more, I think I've decided to put the wife's Roth into Vanguard Total Stock market and my SEP IRA in the Vanguard REIT fund keeping the REIT around 5% of my total portfolio. Any thoughts or recommendations? If I'm thinking correctly my total portfolio would look somethi...
by oleblue
Fri Jan 15, 2016 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Need help to invest for a Roth and SEP IRA
Replies: 3
Views: 514

Need help to invest for a Roth and SEP IRA

I'm 32 and my wife is 28. We were just married earlier this year. We finally have enough in her Roth this year to go for VG Admiral shares and I'm trying to determine what funds to put the money in. Also, I started a SEP IRA with Vanguard this year and plan on making a 2015 contribution to it probab...
by oleblue
Thu Jan 14, 2016 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help with SEP IRA
Replies: 4
Views: 579

Re: Need Help with SEP IRA

Don't know how much you can contribute, but if it is a decent amount, you may consider getting a solo 401(k) instead of an SEP IRA. My gross income from my side business was around $40K. My income does not exceed the Roth limit so I shouldn't have to use a back door Roth. I wasn't aware that I coul...
by oleblue
Thu Jan 14, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Self employment tax question
Replies: 7
Views: 797

Re: Self employment tax question

I think my accountant will earn every bit of the $250 she normally charges this year. These tax forms make my head hurt.
by oleblue
Thu Jan 14, 2016 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Self employment tax question
Replies: 7
Views: 797

Re: Self employment tax question

So I would be taxed twice? Social Security and medicare comes out of my full time job paycheck already. You're saying I would still have to pay the 15.3% tax again out of my self employment income?
by oleblue
Thu Jan 14, 2016 4:22 am
Forum: Personal Finance (Not Investing)
Topic: Self employment tax question
Replies: 7
Views: 797

Self employment tax question

This year is the first year I have ran my online business. I profited around $15K. I am full time employed active duty and I already pay SS and Medicare every month. Will I still have to pay the 15.3% self employment tax on my 15K profits from my side business? Also does the income from my side busi...
by oleblue
Thu Jan 14, 2016 4:19 am
Forum: Investing - Help with Personal Investments
Topic: Need Help with SEP IRA
Replies: 4
Views: 579

Need Help with SEP IRA

So I have sort of a two fold question, a few general ones about a SEP IRA and what funds to invest in. So this year is the first year I've ran my online business and with my profits from it, my full time job and my wife's job, we may be pushing into the 25% tax bracket. I've already maxed out my TSP...
by oleblue
Mon Jan 11, 2016 1:03 am
Forum: Personal Finance (Not Investing)
Topic: Keeping track of reciepts for a small business
Replies: 4
Views: 658

Re: Keeping track of reciepts for a small business

I appreciate that, maybe it's not an issue for others or maybe I'm just thinking too much into it.
by oleblue
Sun Jan 10, 2016 4:45 am
Forum: Personal Finance (Not Investing)
Topic: Keeping track of reciepts for a small business
Replies: 4
Views: 658

Keeping track of reciepts for a small business

Just wondering how everyone keeps up with expense receipts. Online purchase digital receipts and paper receipts. I started selling on Ebay and Amazon in 2015 so I'm getting all my tax info together now. I use godaddy bookeeping which is linked to my accounts. It does a great job of keeping up with i...
by oleblue
Sun Jan 10, 2016 4:09 am
Forum: Personal Consumer Issues
Topic: profitable hobby?
Replies: 119
Views: 15524

Re: profitable hobby?

I buy and sell vehicles, fourwheelers, boats, and utility trailers. I like to find them with mechanical problems and bring them back to life. I try to stick to small 4cyl rangers, Toyotas, and Nissans. They seem to be sought after. I also sell on Ebay and Amazon and have my own website where I sell ...
by oleblue
Fri Dec 25, 2015 1:31 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6-8 years should I start putting more in Taxable Accounts
Replies: 28
Views: 4760

Re: Retiring in 6-8 years should I start putting more in Taxable Accounts

Ok that makes sense. I have been keeping the 5948's but didn't realize the importance of it until now. Now that I know I will get a more of a handle on what the contributions are. I made an excel spreadsheet last night to keep up with it better and I'll update it one a year. The 5498 forms are the ...
by oleblue
Wed Dec 23, 2015 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6-8 years should I start putting more in Taxable Accounts
Replies: 28
Views: 4760

Re: Retiring in 6-8 years should I start putting more in Taxable Accounts

I think you've been making all direct contributions to Roth IRA (not using the back door). If so, it is not important to know that you put $200 in on a certain day, but you have to know what you put in during a year. It would not be wrong to know what days you invested, but I think it will turn out...
by oleblue
Tue Dec 22, 2015 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6-8 years should I start putting more in Taxable Accounts
Replies: 28
Views: 4760

Re: Retiring in 6-8 years should I start putting more in Taxable Accounts

My suggestion is to use as much Roth TSP and Roth IRA as you can while staying in the 15% bracket. Realize that in future years, you may have to increase tax-deferred contributions to stay in the 15% bracket. Roth is (essentially) always better than taxable. In either case the money is going to be ...
by oleblue
Mon Dec 21, 2015 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6-8 years should I start putting more in Taxable Accounts
Replies: 28
Views: 4760

Re: Retiring in 6-8 years should I start putting more in Taxable Accounts

I would suggest both of you max your pretax retirement accounts. Your plan is to live on his and her income when you retire, right? If you are not making enough and need to dip into your retirement accounts to live, then you need to be making more or come out of your semi retirement :) Do you have ...
by oleblue
Sun Dec 20, 2015 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6-8 years should I start putting more in Taxable Accounts
Replies: 28
Views: 4760

Re: Retiring in 6-8 years should I start putting more in Taxable Accounts

Appears that you've hit the right progression. His TSP maxed. Her TSP almost (but looking for account and tax obligation flexibility). His rIRA maxed. Her rIRA maxed. Not familiar with TSP's. Is there a way to do what is known as the after-tax rollover? What options do you have with your TSP upon t...
by oleblue
Sun Dec 20, 2015 1:33 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6-8 years should I start putting more in Taxable Accounts
Replies: 28
Views: 4760

Retiring in 6-8 years should I start putting more in Taxable Accounts

I'm about to turn 33. The plan is to retire from Active duty in 6-8 years and be "retired" for good. Retired meaning no longer working for someone else. I plan to continue to run my Ebay/Online business and buy and sell vehicles on the side. Retirement from the military should bring in $30K annually...
by oleblue
Sat Dec 05, 2015 12:50 am
Forum: Investing - Help with Personal Investments
Topic: Personal Capital says I'm way off track..what do you think?
Replies: 51
Views: 8998

Re: Personal Capital says I'm way off track..what do you think?

I have 19% of my portfolio in VG total int. partly in Roth and taxable. Good question though, it's just how I have had it for a while. Being I will have the mil retirement in 6 years, do you see a real benefit in reducing future F fund contributions and directing that money towards the I fund? I do...
by oleblue
Fri Dec 04, 2015 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Personal Capital says I'm way off track..what do you think?
Replies: 51
Views: 8998

Re: Personal Capital says I'm way off track..what do you think?

I read the wiki on tax loss harvesting. Now that I am somewhat familiar with the concept, would you mind explaining how having the same funds in Roth and Taxable might present problems? is this something I should look into changing? I'm having a hard time understanding that part. You may have to cl...
by oleblue
Fri Dec 04, 2015 5:50 am
Forum: Investing - Help with Personal Investments
Topic: Personal Capital says I'm way off track..what do you think?
Replies: 51
Views: 8998

Re: Personal Capital says I'm way off track..what do you think?

As far as any tweaks you see, could you elaborate on anything you see that could make it better? I didn't have any specific tweak in mind, just meaning that different people would suggest different tweaks. There is no assurance that any tweak would make the "better". My thought is if you intend to ...
by oleblue
Thu Dec 03, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Personal Capital says I'm way off track..what do you think?
Replies: 51
Views: 8998

Re: Personal Capital says I'm way off track..what do you think?

As far as any tweaks you see, could you elaborate on anything you see that could make it better? I didn't have any specific tweak in mind, just meaning that different people would suggest different tweaks. There is no assurance that any tweak would make the "better". My thought is if you intend to ...
by oleblue
Thu Dec 03, 2015 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conributions in a Tax Free Combat Zone
Replies: 11
Views: 1424

Re: Roth IRA Conributions in a Tax Free Combat Zone

I'm going to change my answer somewhat. I think it is correct in a twisted sort of way, but also not the full story. I also see why you are your coworkers have mixed opinions. https://www.bogleheads.org/wiki/Military_finances According to the wiki page on military finances, your pay while deployed ...
by oleblue
Thu Dec 03, 2015 2:25 am
Forum: Investing - Help with Personal Investments
Topic: Personal Capital says I'm way off track..what do you think?
Replies: 51
Views: 8998

Re: Personal Capital says I'm way off track..what do you think?

If you plug in your portfolio into the Morningstar Instant X-ray tool (like the personal capital tool but simpler), your portfolio matches the total US stock market index weights of large,medium, small caps. It appears to be slightly underweight in technology. Your portfolio has about 50% in US equ...
by oleblue
Wed Dec 02, 2015 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Capital says I'm way off track..what do you think?
Replies: 51
Views: 8998

Re: Personal Capital says I'm way off track..what do you think?

Your portfolio does not adequately set up for the college expenses for the kids.......... ....of the advisor. :) I have my BS, I don't see me going any further. My wife is covered under her GI bill, (She's reserve), the kids will be covered under mine as soon as they come along. By they I mean 1 ma...
by oleblue
Wed Dec 02, 2015 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Capital says I'm way off track..what do you think?
Replies: 51
Views: 8998

Personal Capital says I'm way off track..what do you think?

So I found out about personal capital a few weeks back on cashmoneylife blog. Downloaded the program and I absolutely love it! I got a unexpected phone call the next day from an advisor. He asked me a few questions about my situation and said he would draft up a complementary analysis of my portfoli...
by oleblue
Mon Nov 30, 2015 3:23 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conributions in a Tax Free Combat Zone
Replies: 11
Views: 1424

Re: Roth IRA Conributions in a Tax Free Combat Zone

Ok that's what I was wondering. I was planning on putting it in either way, it was just the tax free contribution I wasn't sure of. Makes sense now. Thanks.
by oleblue
Sat Nov 28, 2015 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conributions in a Tax Free Combat Zone
Replies: 11
Views: 1424

Re: Roth IRA Conributions in a Tax Free Combat Zone

That makes sense. I do have the money just sitting around deciding whether to put in all in taxable accounts or the Roth in January.
by oleblue
Sat Nov 28, 2015 5:53 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conributions in a Tax Free Combat Zone
Replies: 11
Views: 1424

Roth IRA Conributions in a Tax Free Combat Zone

I'm currently in a combat zone tax exempt area until January. I have been taking full advantage of maxing the Roth TSP tax free in and tax free out. I've been lucky enough to be able to max out the $18,000. This question is regarding a regular Roth IRA not TSP roth, but my coworkers and I have mixed...
by oleblue
Sat Oct 17, 2015 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Please explain how this Tax Credit works (American Opportunity Credit)
Replies: 27
Views: 2624

Re: Please explain how this Tax Credit works (American Opportunity Credit)

Thanks for all the input on this, I feel pretty confident now that I can use the credit and upgrade my antique computer.
by oleblue
Sat Oct 17, 2015 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Please explain how this Tax Credit works (American Opportunity Credit)
Replies: 27
Views: 2624

Re: Please explain how this Tax Credit works (American Opportunity Credit)

Sorry about the quote messup. This is right off of the IRS website FAQ page for AOTC. Q7. Does an expenditure for a computer qualify for the American opportunity tax credit? A. Whether an expenditure for a computer qualifies for the credit depends on the facts. An expenditure for a computer would q...
by oleblue
Fri Oct 16, 2015 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Please explain how this Tax Credit works (American Opportunity Credit)
Replies: 27
Views: 2624

Re: Please explain how this Tax Credit works (American Opportunity Credit)

oleblue, If you're in college, you've most likely spent at least $4,000 this year (2015) on tuition, fees, and books. If you have, you will qualify for the full AOTC amount, which is $2,500. Remember, taking out student loans for at least $4,000 would also qualify you for the full credit. When you ...
by oleblue
Thu Oct 15, 2015 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Please explain how this Tax Credit works (American Opportunity Credit)
Replies: 27
Views: 2624

Re: Please explain how this Tax Credit works (American Opportunity Credit)

Sorry about the quote messup. This is right off of the IRS website FAQ page for AOTC. Q7. Does an expenditure for a computer qualify for the American opportunity tax credit? A. Whether an expenditure for a computer qualifies for the credit depends on the facts. An expenditure for a computer would qu...
by oleblue
Thu Oct 15, 2015 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Please explain how this Tax Credit works (American Opportunity Credit)
Replies: 27
Views: 2624

Re: Please explain how this Tax Credit works (American Opportunity Credit)

Take a look at line 63 of Form 1040. That is your total tax due before credits and payments. It that's 1500 or more you should get 2500 as a credit. If less, you should get what's on line 63 + 1000. That assumes no other credits, and that computers are a valid expense for the AOC (not sure if that'...
by oleblue
Thu Oct 15, 2015 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Please explain how this Tax Credit works (American Opportunity Credit)
Replies: 27
Views: 2624

Please explain how this Tax Credit works (American Opportunity Credit)

I’m currently enrolled in college and I qualify for the American Opportunity tax credit. I want to get a new laptop for school but I’m having a hard time understanding how it works. It seems too good to be true. I usually get a refund of around $1300 but for simplicity let’s say I overpaid by $1500 ...
by oleblue
Fri Oct 09, 2015 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with bonus and is my portfolio too simple?
Replies: 5
Views: 948

Re: Need help with bonus and is my portfolio too simple?

Thanks for your help on that. I'll review the links and get squared up.
by oleblue
Thu Oct 08, 2015 1:10 am
Forum: Investing - Help with Personal Investments
Topic: Need help with bonus and is my portfolio too simple?
Replies: 5
Views: 948

Re: Need help with bonus and is my portfolio too simple?

Welcome to the forum :) . It's great to see that you are debt free. Your portfolio is not too simple, it's just fine. Your wife should have a Roth IRA as well, and that should be maxed at $5.5k per year. It's fine to use that $15k bonus to buy more of the index funds you are already using. There is...
by oleblue
Wed Oct 07, 2015 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with bonus and is my portfolio too simple?
Replies: 5
Views: 948

Need help with bonus and is my portfolio too simple?

Hello, I have around $15,000 dollars from a bonus to invest and I'm wondering should I dump it into a Vanguard fund that I already have or venture out to a different vanguard fund? My goal is retirement in about 15-20 years. I'm only 31 and have a ways to go. Sometimes I feel like my portfolio is to...
by oleblue
Sat Mar 28, 2015 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Converted to Roth TSP and my taxes doubled!!
Replies: 17
Views: 2365

Re: Converted to Roth TSP and my taxes doubled!!

I'm going to a combat tax free zone in July, so I thought I'd get an early start on my Roth contributions since I plan on putting as much money as I can in over there because of the tax free in and tax free out. I am in the 15% tax bracket. I just started stopped the traditional last month which I ...
by oleblue
Fri Mar 27, 2015 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Converted to Roth TSP and my taxes doubled!!
Replies: 17
Views: 2365

Re: Converted to Roth TSP and my taxes doubled!!

I'm going to a combat tax free zone in July, so I thought I'd get an early start on my Roth contributions since I plan on putting as much money as I can in over there because of the tax free in and tax free out. I am in the 15% tax bracket. I just started stopped the traditional last month which I ...
by oleblue
Thu Mar 26, 2015 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Converted to Roth TSP and my taxes doubled!!
Replies: 17
Views: 2365

Re: Converted to Roth TSP and my taxes doubled!!

I'm going to a combat tax free zone in July, so I thought I'd get an early start on my Roth contributions since I plan on putting as much money as I can in over there because of the tax free in and tax free out. I am in the 15% tax bracket. I just started stopped the traditional last month which I ...
by oleblue
Thu Mar 26, 2015 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Converted to Roth TSP and my taxes doubled!!
Replies: 17
Views: 2365

Converted to Roth TSP and my taxes doubled!!

I'm going to a combat tax free zone in July, so I thought I'd get an early start on my Roth contributions since I plan on putting as much money as I can in over there because of the tax free in and tax free out. I am in the 15% tax bracket. I just started stopped the traditional last month which I w...
by oleblue
Wed Feb 11, 2015 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Military Deployment, where to invest
Replies: 22
Views: 3310

Re: Military Deployment, where to invest

Based off my recent deployment experiences.. TSP: I would highly recommend investing in the Roth option if you're debating the two. Your effective tax rate is extremely low right now and will probably be lower than any other time in your life. Unless I've been completely blind to this for the last ...