Search found 54 matches

by Affable at 50
Wed Oct 21, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: HSA Question
Replies: 10
Views: 614

Re: HSA Question

What did your FICA withholdings look like on that first check? (Gross income - health insurance contributions) * .0765, or (gross income - HI - $1500) * .0765? Here I'm lumping SS and Medicare percentages together for .0765. Teen Persuasion is correct. The key is to look at your sections for the fi...
by Affable at 50
Tue Oct 20, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Inherited IRA on Backdoor Roth?
Replies: 3
Views: 284

Re: Effect of Inherited IRA on Backdoor Roth?

No. An inherited IRA will not impact your ability to do a backdoor Roth.
by Affable at 50
Wed Oct 14, 2020 1:09 pm
Forum: Personal Investments
Topic: Post Home Sale, Sitting on Cash but seems like bad time to invest?
Replies: 21
Views: 2001

Re: Post Home Sale, Sitting on Cash but seems like bad time to invest?

OP, At 34 years old, sitting on a boat load of cash, and having a solid savings mentality, you are in position to reset your goals and plan a path forward. There are are many good suggestions above. If none of them convince you what your next steps should be, I would highly recommend the book The Li...
by Affable at 50
Wed Sep 30, 2020 12:33 pm
Forum: Personal Investments
Topic: Can't contribute to VTSAX for 30 days?
Replies: 16
Views: 2057

Re: Can't contribute to VTSAX for 30 days?

I find the can't rebuy the mutual fund security in an account once you have sold it outdated, quaint, and really not necessary especially if we are talking about VTSAX - since you can easily buy VTSAX as an ETF (VTI) and trade in and out of it all day long (although their could then be tax or wash ...
by Affable at 50
Mon Sep 28, 2020 9:50 pm
Forum: Personal Investments
Topic: Should I switch from 401k to Roth 401k
Replies: 41
Views: 3432

Re: Should I switch from 401k to Roth 401k

Some 401k plans allow participants to make after tax lump sum contributions to the plan. These after tax contributions must fit within the $57,000 limit that is comprised of the regular $19,500 contributions + employer match + after tax lump sum. If these additional contributions are allowed you can...
by Affable at 50
Mon Sep 28, 2020 3:32 am
Forum: Personal Finance (Not Investing)
Topic: How to get company 401K matching after maxed out
Replies: 25
Views: 2960

Re: How to get company 401K matching after maxed out

Here is information from the IRS regarding the maximum salary deferrals if you’re eligible for more than one retirement plan. I am also sharing specific informal from the bottom of page on how to avoid the double taxation. If the OP wants to participate in his/her new employer’s plan he can contact ...
by Affable at 50
Sun Sep 27, 2020 10:52 pm
Forum: Personal Investments
Topic: Living Cash Invested?
Replies: 7
Views: 1197

Re: Living Cash Invested?

Personally, I believe you’ll be fine with these plans. You can afford to be aggressive with your retirement accounts with the large conservative portfolio you are maintaining in your Cash and Savings.

You have a great saving rate and it’s clear you have thought through your decisions.
by Affable at 50
Sat Sep 26, 2020 11:19 pm
Forum: Personal Investments
Topic: Living Cash Invested?
Replies: 7
Views: 1197

Re: Living Cash Invested?

With your level of savings and the cushion provided by your cash and savings, you should be fine. It is hard to know what a conservative equity/bond mix will yield over the next decade but your plan is sound. Have you considered using a 529 plan for the funds earmarked for college in order to take a...
by Affable at 50
Sat Sep 26, 2020 9:26 pm
Forum: Personal Investments
Topic: Living Cash Invested?
Replies: 7
Views: 1197

Re: Living Cash Invested?

Is this the right way to approach the cash and savings buckets? Should I just invest both the cash and bucket savings or leave one sitting in high interest savings account? I find your approach ultra conservative. If you save $1,500 per month (minimum of $18,000 per year) you’re doing well for your...
by Affable at 50
Sat Sep 26, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to get company 401K matching after maxed out
Replies: 25
Views: 2960

Re: How to get company 401K matching after maxed out

You've gone over the 19.5k limit for pre-tax or Roth ? Or you have exceeded the 57k (?) limit on total contributions ? If only the former, can't you contribute "after tax" money to the new company 401k to get the match ? Others here could confirm. It's plan dependent, some (many?) 401k plans do not...
by Affable at 50
Wed Sep 23, 2020 12:21 am
Forum: Personal Investments
Topic: Help Managing Father's Finances
Replies: 13
Views: 1305

Re: Help Managing Father's Finances

Question: -If you were to move the Fidelity IRA into fixed income index funds with a 4 yr time horizon before sold and disbursed to his children what would you recommend? Answer: I'd fire the advisor, then sell all 25 funds inside the IRA and move the money into Fidelity FSKAX. No tax consequences,...
by Affable at 50
Mon Sep 21, 2020 7:22 pm
Forum: Personal Investments
Topic: Trying to figure out my estimated taxes for 2020 is driving me insane!
Replies: 22
Views: 2598

Re: Trying to figure out my estimated taxes for 2020 is driving me insane!

I agree with PaunchyPirate. The 2019 version of TurboTax, TaxAct, or similar professional software will allow you to enter the data as if the income was earned in 2019. This is the best way to get a reasonable estimate. You’ll have to enter the w-2 income, schedule B and D information as best you can.
by Affable at 50
Thu Sep 17, 2020 5:12 am
Forum: Personal Investments
Topic: FZROX vs. FXAIX [Fidelity ZERO Total Market Index vs. 500 Index]
Replies: 24
Views: 10474

Re: FZROX vs. FXAIX [Fidelity ZERO Total Market Index vs. 500 Index]

Our Fidelity Adviser suggested we use FNILX - Fidelity Zero Large Cap index fund as a very close approximation to an S&P 500 Index without paying a premium to S&P. It's performance appears identical to the S&P 500. What to premium to S&P? FNILX does not have to pay royalties to S&P for using their ...
by Affable at 50
Mon Sep 07, 2020 1:16 pm
Forum: Personal Investments
Topic: Am I missing something?
Replies: 15
Views: 2252

Re: Am I missing something?

Frugalbear, Now that you have paid off substantial debt, this is an excellent time to build your taxable portfolio. You’re doing very well with your retirement savings and you and your wife are excellent savers. Once you have figured out your monthly free cash flow, allocate an increasing amount to ...
by Affable at 50
Sun Sep 06, 2020 10:27 pm
Forum: Personal Investments
Topic: Am I missing something?
Replies: 15
Views: 2252

Re: Am I missing something?

OP, I have always calculated a savings rate based upon my total income. I have also read that the Federal Reserve defines saving rate as a ratio of personal savings to disposable personal income, income from all sources minus the tax you pay on that income. Whether you use Klangfool’s formula or min...
by Affable at 50
Fri Aug 28, 2020 4:13 am
Forum: Personal Investments
Topic: Who is liable for this?
Replies: 46
Views: 6373

Re: Who is liable for this?

Yeah, that was the math I was trying to do also. OP just needed a place to vent because they made a mistake and was hoping someone would agree a computer is dumb. There is no calculation error. I sold the position to cash on August 20th at $83.61. The transaction posted to the cash account on Augus...
by Affable at 50
Mon Aug 24, 2020 1:20 am
Forum: Personal Investments
Topic: What to Invest in for Long Term
Replies: 16
Views: 2033

Re: What to Invest in for Long Term

i came up with this asset allocation after hours of research. please have a look at it, and yea i didn't get any bond because i probably don't need it for my age. As for my Roth Ira account i cancel out FSKAX and invest in FXAIX instead . 60% FZROX - Zero total market index fund 10% FSPGX - Large C...
by Affable at 50
Sun Aug 23, 2020 4:14 pm
Forum: Personal Investments
Topic: Any reason not to rollover inherited 403b to IRA?
Replies: 5
Views: 462

Re: Any reason not to rollover inherited 403b to IRA?

Hi there - I'm helping my mom streamline her finances. She is 75 and retired living in Massachusetts. She inherited a 403b from my step father when he passed away a few years ago. It is in a target date fund at Fidelity and she receives RMD from it. It has about $45k in it and she does not need the...
by Affable at 50
Sun Aug 23, 2020 4:50 am
Forum: Personal Investments
Topic: Inheriting a non-spousal traditional IRA?
Replies: 36
Views: 2123

Re: Inheriting a non-spousal traditional IRA?

What if he is afraid of investing? I'm the only one able to "advise" (get him moving on depositing the check he received before he gets clobbered with taxes in 60 days). I know that paid advisors exist but that's what bogleheads are for.😉 I would feel awful if the market absolutely tanked over the ...
by Affable at 50
Mon Aug 17, 2020 3:56 am
Forum: Personal Investments
Topic: Any downsides of not having a taxable account and spending the extra money instead?
Replies: 25
Views: 3400

Re: Any downsides of not having a taxable account and spending the extra money instead?

Hi, With the expectation of college for four kids, I would estimate how much college was going to cost. Unless your kids are in the tippy top academically, college will be expensive if they intend to live on campus. I would suggest you estimate this cost and then decide how much "extra" cash you ha...
by Affable at 50
Sun Aug 16, 2020 7:03 pm
Forum: Personal Investments
Topic: Suggestions requested, investing 500k.
Replies: 14
Views: 1252

Re: Suggestions requested, investing 500k.

Suggestions requested, investing 500k for the long term (20/25 years). A little bit about us, we are a married couple in the 40s, 2 kids (10 and 5), own a house (@50%LTV), max out our 401ks but not IRAs (ok already know this needs to be done). Make about 350 - 400K annually (combined). Looking for ...
by Affable at 50
Mon Jul 27, 2020 3:58 am
Forum: Personal Investments
Topic: ETF Selections
Replies: 14
Views: 1020

Re: ETF Selections

I have the following two DFA mutual funds: DFSCX (US Microcap) and DFISX (Intl Small Company) in taxable. I want to add two similar ETFs for rebalancing purposes (I'm not allowed to buy new DFA shares). The two DFA funds hold companies with an average weighting less that $2B. At this point I've alr...
by Affable at 50
Thu Jul 23, 2020 11:31 pm
Forum: Personal Investments
Topic: Personal Capital Investment Checkup
Replies: 4
Views: 687

Re: Personal Capital Investment Checkup

Is it worth getting into silver or just make it simple using a 3-fund approach and forget REITs and gold/silver? I do not value the level of diversification offered by those asset classes. It is impossible to know what AA will provide the best returns or risk adjusted returns over your investment h...
by Affable at 50
Tue Jul 21, 2020 5:06 am
Forum: Personal Investments
Topic: Switching from VOO to IVV
Replies: 3
Views: 647

Re: Switching from VOO to IVV

I heard etf market got competitive and now IVV has same expense ratio and higher dividend than VOO. Is it worth for me to switch? I am currently on auto invest into VFIAX which took most of my stress away. Wondering if I should stop and get back to buying 20 stocks on Monday every week. It was quit...
by Affable at 50
Mon Jul 20, 2020 2:08 am
Forum: Personal Investments
Topic: Why make a written financial plan?
Replies: 39
Views: 2497

Re: Why make a written financial plan?

There are many thoughtful reasons to have a written plan and I agree 100% with the earlier responses. After my father died I experienced a case study of the trappings of not having a written, accessible plan. Along with my mother, my father saved and invested well during his lifetime so that my moth...
by Affable at 50
Mon Jul 20, 2020 12:15 am
Forum: Personal Investments
Topic: Vanguard Tax Efficiency Patent
Replies: 32
Views: 1853

Re: Vanguard Tax Efficiency Patent

Yes you’re right about potentially overrating the issue. I am thinking about ITOT in taxable for the 500K. Fidelity total stock market has ER of .015 percent, which isn’t bad either. I thought about perhaps dividing it 50/50 between those two, and then if TLH opportunities arise I could swap betwee...
by Affable at 50
Wed Jul 15, 2020 7:58 pm
Forum: Personal Investments
Topic: Jack and Vanguard Faithful Considering Fidelity Index Funds for Zero Minimum Investment
Replies: 103
Views: 8772

Re: Jack and Vanguard Faithful Considering Fidelity Index Funds for Zero Minimum Investment

One thing to consider is the Fidelity Zero funds taxes are calculated and owed every year regardless of buying and selling. Compare to my 2 stock fund portfolio Blackrock IXUS total International and ITOT total domestic taxes are not owed until sold. This is a misleading. iShares ETFs like IXUS and...
by Affable at 50
Sat Jul 11, 2020 1:59 pm
Forum: Personal Investments
Topic: Portfolio Review - lost our way
Replies: 10
Views: 1568

Re: Portfolio Review - lost our way

Dear all, We have learned so much from this board. We have been consolidating and trying to simplify over the past few years. We have gotten a little lost in what steps we need to take next to improve. Any advice would be appreciated! Emergency funds: Yes, 6 months. Debt: Mortgage: 415,000 (3.875%)...
by Affable at 50
Tue Jul 07, 2020 5:10 am
Forum: Personal Investments
Topic: Do you ever feel you've missed out due to the 3-fund portfolio?
Replies: 125
Views: 9754

Re: Do you ever feel you've missed out due to the 3-fund portfolio?

The Random Walk Down Wall Street By Burton Malkiel is an excellent book. Another that comes to my mind when reading this thread is William J Bernstein’s The Four Pillars of Investing. The sections covering the history of manias helps keep me grounded at times like these. Here is the description of t...
by Affable at 50
Sun Jul 05, 2020 8:11 pm
Forum: Personal Investments
Topic: For Alan S and others 2020 Covid-19 RMD
Replies: 10
Views: 1112

Re: For Alan S and others 2020 Covid-19 RMD

This is the OP again . I just remembered that I have ee savings bonds from 1991 to 1993 worth approximately $34,000 so I was thinking of first returning the $16,000 find my RMD back to my traditional IRA and then cash out this year some of my ee savings bonds got where they equal the amount of taxe...
by Affable at 50
Thu Jul 02, 2020 12:57 pm
Forum: Personal Investments
Topic: ITOT vs VTI vs FSKAX vs FZROX vs VTSAX for a Fidelity Brokerage
Replies: 43
Views: 2745

Re: ITOT vs VTI vs FSKAX vs FZROX vs VTSAX for a Fidelity Brokerage

There are some places you can do automatic ETF dollar based investing. I'm a big fan of it. But some are also against or "meh" don't see the use of it. I use M1 financial for this. I do like that Fidelity has started dollar based ETF investing (app only access to it). I hope they start allowing aut...
by Affable at 50
Thu Jul 02, 2020 12:33 pm
Forum: Personal Investments
Topic: ITOT vs VTI vs FSKAX vs FZROX vs VTSAX for a Fidelity Brokerage
Replies: 43
Views: 2745

Re: ITOT vs VTI vs FSKAX vs FZROX vs VTSAX for a Fidelity Brokerage

If you just hate ETFs, then use FSKAX. Why does some people "just hate ETFs"? I don't think I do (haha), but it seems some people would rather avoid them and I would like to better understand what factors they are taking into account. Some prefer traditional index funds because you can schedule aut...
by Affable at 50
Thu Jul 02, 2020 12:02 pm
Forum: Personal Investments
Topic: ITOT vs VTI vs FSKAX vs FZROX vs VTSAX for a Fidelity Brokerage
Replies: 43
Views: 2745

Re: ITOT vs VTI vs FSKAX vs FZROX vs VTSAX for a Fidelity Brokerage

So I think I can eliminate VTSAX from the table because the extra fees and I don't think I will leave Fidelity anytime soon. Any idea of the magnitude of the tax benefit for ITOT/VTI over FSKAX/FZROX? Does it out way the higher ER (0.03 for both ETFs vs 0.015/0.0 for FSKAX/FZROX)? Thanks for all th...
by Affable at 50
Sun Jun 28, 2020 5:47 pm
Forum: Personal Investments
Topic: I want to leave Raymond James -- Please help me decide where to go.
Replies: 62
Views: 3337

Re: I want to leave Raymond James -- Please help me decide where to go.

I couldn't verify anywhere that vanguard ETFs were commission free at Fidelity, in fact, other threads have posts mentioning roughly $5 fee per transaction (and others mentioning $75 fees, although I'm assuming those were for Mutual funds). I will call Fidelity tomorrow to confirm either way. Perha...
by Affable at 50
Fri Jun 26, 2020 4:59 am
Forum: Personal Investments
Topic: TLH Again: The "Sell All" Exception to Wash Sale, Stacked Indefinitely?!
Replies: 7
Views: 710

Re: TLH Again: The "Sell All" Exception to Wash Sale, Stacked Indefinitely?!

Something else to consider with your ETF choices. You didn’t mention in your original post that IJS and AVUV are both small cap value ETFs. Although people may disagree with this, if IJS and AVUV track the same index, ( I have not not researched this) the two securities would be considered substanti...
by Affable at 50
Fri Jun 26, 2020 4:24 am
Forum: Personal Investments
Topic: What day of the week is best for a weekly investment in a Roth IRA?
Replies: 27
Views: 1916

Re: What day of the week is best for a weekly investment in a Roth IRA?

I have my Vanguard Roth IRA set for Thursday and noticed it was always actually showing it was investing on Friday. According to google and a podcast I listened too that is the worst day to buy over a long term since stocks are generally up. I've since read that Monday is a better day, but a chart ...
by Affable at 50
Fri Jun 26, 2020 4:03 am
Forum: Personal Investments
Topic: TLH Again: The "Sell All" Exception to Wash Sale, Stacked Indefinitely?!
Replies: 7
Views: 710

Re: TLH Again: The "Sell All" Exception to Wash Sale, Stacked Indefinitely?!

Please help me understand TLH. I've read up on the 30 day wash sale. I know you can execute TLH if you bought the same/similar fund +/-30 days from the current day. But I'm also reading about this "sell all" exception that if you sell everything the wash sale doesn't apply? Is this true? If so, in ...
by Affable at 50
Thu Jun 25, 2020 4:44 am
Forum: Personal Investments
Topic: Do you want to own the whole haystack [VTI] when someone has a blowtorch?
Replies: 136
Views: 11631

Re: Do you want to own the whole haystack [VTI] when someone has a blowtorch?

Update: zoom, 3M, Amazon, Costco, Tesla, Apple, QQQ has really smoked the vti... so glad I doubled down on individual equities Last few months. Vti is seriously not able to make money last couple years, sad looking at its Morningstar lately... starting to make VXUS look decent... Must be indicative...
by Affable at 50
Tue Jun 16, 2020 2:26 pm
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2643

Re: Question about what to do with inherited 401k

Just to clarify, is it correct that if the 401k is rolled over into an IRA then there is no forced drawdown as part of the SECURE Act, just RMDs need to be taken when the spouse turns 72? Correct. Just to be super-specific again; the rollover from 401k must be into an own IRA, not an "Inherited IRA...
by Affable at 50
Fri Jun 05, 2020 5:54 pm
Forum: Personal Investments
Topic: FDIC Insurance above $250K
Replies: 21
Views: 1280

Re: FDIC Insurance above $250K

Can one allocate CDs across several banks with total value of 250K at each bank and maintain FDIC insurance for all, or is $250K the maximum FDIC protection for all CDs (checking/savings/MMDA/CDs) at all banks? Am referring to accounts for a single person not living in Mass. I have read about CDARS...
by Affable at 50
Sat May 23, 2020 9:44 am
Forum: Personal Investments
Topic: Fidelity Zero Intl (FZILX) not updating
Replies: 2
Views: 386

Re: Fidelity Zero Intl (FZILX) not updating

I checked my account on 4/30, 5/9 and 5/23. The dollar value of my FZILX holdings is exactly the same on these 3 days (didn't track cents). It just seems odd that their price won't fluctuate at all. My other Fidelity holdings updated on these dates as expected. Can anyone offer any insight? Accordi...
by Affable at 50
Sun May 17, 2020 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting an inherited IRA (non-spouse)
Replies: 8
Views: 912

Re: Inheriting an inherited IRA (non-spouse)

Thank you, everyone, for taking your time to provide quick and insightful responses. I will consider spreading the distributions over a few years and factor in the tax law changes that could go into effect in 2026. I’ll also name new beneficiaries as soon as the accounts are in my name. This should ...
by Affable at 50
Sat May 16, 2020 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting an inherited IRA (non-spouse)
Replies: 8
Views: 912

Re: Inheriting an inherited IRA (non-spouse)

Thank you for the quick responses!
by Affable at 50
Sat May 16, 2020 3:08 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting an inherited IRA (non-spouse)
Replies: 8
Views: 912

Inheriting an inherited IRA (non-spouse)

I recently inherited an inherited IRA and I am having a difficult time understanding the distribution rules. The original IRA owner (my aunt) died in 2017 at the age of 69 and my father inherited the account. My father took RMD for the account in 2018 and 2019. My father passed away in early 2020 at...
by Affable at 50
Thu May 14, 2020 7:53 pm
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1685

Re: 0% Employer Match 401k Questions

My current employer does not do a match for any $$ put into the 401k, but they will add 3-5% of my salary annually. I am eligible to start 1/1/21. Is there any advantage to prioritize funding my 401k over an IRA? If I still have available $$ after the IRA would it be best to invest in the 401k or i...
by Affable at 50
Sun May 10, 2020 7:56 pm
Forum: Personal Investments
Topic: Tap into HELOC vs retirement funds for next house downpayment?
Replies: 13
Views: 628

Re: Tap into HELOC vs retirement funds for next house downpayment?

OP, I believe that is a wise use for the HELOC. I would not want you to tap your 401k, for a loan or withdrawal, except in extreme circumstances.
by Affable at 50
Sat May 09, 2020 6:23 am
Forum: Personal Investments
Topic: Investing entire nest egg in taxable brokerage at once?
Replies: 7
Views: 838

Re: Investing entire nest egg in taxable brokerage at once?

I have a bit of a unique situation here with my mom and figuring out her retirement. She is unemployed and has never had a 401k or any type of retirement account, however, she is 53 and receiving about 42k a year from Social Security and currently has about $1.3 million from my dads life insurance ...
by Affable at 50
Wed Apr 29, 2020 11:54 pm
Forum: Personal Investments
Topic: 25 Years Old Trying to Build a Lazy Portfolio
Replies: 31
Views: 2466

Re: 25 Years Old Trying to Build a Lazy Portfolio

Robert20 wrote: Wed Apr 29, 2020 11:41 pm I would say 60% VTI, 30% XLK and 10% SPTL.... You have time to grow ur money aggressively for next 15 years.. Later u can switch to 60% VTI and 30% Intl and 10% BND.
These ETF options are not available in Fidelity Simple IRAs.
by Affable at 50
Wed Apr 29, 2020 11:33 pm
Forum: Personal Investments
Topic: 25 Years Old Trying to Build a Lazy Portfolio
Replies: 31
Views: 2466

Re: 25 Years Old Trying to Build a Lazy Portfolio

Hello, I recently accepted a new job with an organization that provides Fidelity Simple IRAs with a 3% match. The Simple IRA is only compatible with certain funds, listed https://fundresearch.fidelity.com/mutual-funds/ira-funds-by-family?fundFamily=Fidelity+Investments . I am trying to construct a ...
by Affable at 50
Fri Apr 24, 2020 5:06 am
Forum: Personal Investments
Topic: Backdoor Roth vs Real Thing
Replies: 8
Views: 646

Re: Backdoor Roth vs Real Thing

The last couple of years, I've had to work a bit at keeping our (MFJ) AGI below the threshold for Roth IRA contribution phaseout. This includes making max contributions to traditional 401(k)s. Given the current balance of my traditional 401(k) (down!), I've been entertaining the idea of converting ...