Search found 30 matches

by poisedforflight
Thu Nov 12, 2020 1:39 pm
Forum: Personal Investments
Topic: ESG investing - screening out controversial industries
Replies: 13
Views: 892

Re: ESG investing - screening out controversial industries

How can I screen out potential investments from controversial industries? For instance, Diageo which is an alcoholic beverage company has a AAA ESG rating by MSCI. Is there a tool that could screen out companies involved with alcohol, tobacco, weapons, gambling, etc? Many thanks! I would search aro...
by poisedforflight
Sat Oct 03, 2020 8:17 am
Forum: Personal Investments
Topic: IRA to Roth IRA Now or Later (Currently 12% Bracket)
Replies: 11
Views: 827

Re: IRA to Roth IRA Now or Later (Currently 12% Bracket)

I appreciate everyone's replies. I think I'm going to go ahead and make the conversion, if for no other reason than to have one less account to keep up with.
by poisedforflight
Fri Oct 02, 2020 4:54 pm
Forum: Personal Investments
Topic: IRA to Roth IRA Now or Later (Currently 12% Bracket)
Replies: 11
Views: 827

Re: IRA to Roth IRA Now or Later (Currently 12% Bracket)

I know that future tax rates are impossible to predict: I currently have ~40k in a Rollover IRA. I'm curious what the thoughts are about converting it to the top of the 12% bracket for the next 2-3 years but am wondering if lowering my investment on the front end is worse than converting later. I h...
by poisedforflight
Fri Oct 02, 2020 4:19 pm
Forum: Personal Investments
Topic: IRA to Roth IRA Now or Later (Currently 12% Bracket)
Replies: 11
Views: 827

IRA to Roth IRA Now or Later (Currently 12% Bracket)

I know that future tax rates are impossible to predict: I currently have ~40k in a Rollover IRA. I'm curious what the thoughts are about converting it to the top of the 12% bracket for the next 2-3 years but am wondering if lowering my investment on the front end is worse than converting later. I ha...
by poisedforflight
Wed Sep 30, 2020 7:37 am
Forum: Personal Investments
Topic: Should I switch from 401k to Roth 401k
Replies: 41
Views: 3449

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

I’m adding additional information as Exitstageleft has suggested as well as other. Hopefully this will give a better picture Of our current situation. Ages are 60 years old, wife 62 years Income approximately $90k, wife $36k We file jointly. 22% current tax bracket , most likely 12% during retireme...
by poisedforflight
Sun Sep 20, 2020 8:35 am
Forum: Personal Investments
Topic: Roth IRA funds - where to invest them
Replies: 14
Views: 1024

Re: Roth IRA funds - where to invest them

I can move money yearly from my Roll-over to my Roth at whatever my adjusted tax rate is though, yes? If I think I'm going to be in a higher tax bracket in retirement would it make sense to start this if I can't roll-over my IRA into my employer program? You may convert from traditional to Roth ann...
by poisedforflight
Sun Sep 20, 2020 8:05 am
Forum: Personal Investments
Topic: Roth IRA funds - where to invest them
Replies: 14
Views: 1024

Re: Roth IRA funds - where to invest them

It was rolled over from a pension plan and I'm not sure exactly what it's tax status is. It's most likely 100% pre-tax unless some of your pension contributions were after-tax. Can I open a separate traditional IRA and do the Roth conversion trough it? That won't help. The IRS considers all non-Rot...
by poisedforflight
Sat Sep 19, 2020 8:36 pm
Forum: Personal Investments
Topic: Roth IRA funds - where to invest them
Replies: 14
Views: 1024

Re: Roth IRA funds - where to invest them

Does having a roll-over IRA already prevent me from doing the 6000 Traditional -> Roth conversion? If the rollover IRA is 100% post tax, then no. But if rollover IRA has some pre-tax money in it, then your conversion to Roth would be subject to pro rata rules. It doesn't prevent the conversion, but...
by poisedforflight
Sat Sep 19, 2020 5:28 pm
Forum: Personal Investments
Topic: Roth IRA funds - where to invest them
Replies: 14
Views: 1024

Re: Roth IRA funds - where to invest them

Does having a roll-over IRA already prevent me from doing the 6000 Traditional -> Roth conversion?
by poisedforflight
Sat Sep 19, 2020 7:43 am
Forum: Personal Investments
Topic: What Blend of These 2 Fidelity Funds Approximates TSM
Replies: 12
Views: 983

Re: What Blend of These 2 Fidelity Funds Approximates TSM

I appreciate all of the additional answers.

I think I'll be going with the 83/17 split between the two from what I'm reading here and elsewhere.
by poisedforflight
Sun Sep 13, 2020 2:13 pm
Forum: Personal Investments
Topic: What Blend of These 2 Fidelity Funds Approximates TSM
Replies: 12
Views: 983

Re: What Blend of These 2 Fidelity Funds Approximates TSM

RetiredCSProf wrote: Sat Sep 12, 2020 9:53 pm VXF -- ETF version of Vanguard extended equity (VEXAX) is an alternative to FSMAX for extended equity
Neither of these are available in my 401k.
by poisedforflight
Sat Sep 12, 2020 10:11 am
Forum: Personal Investments
Topic: What Blend of These 2 Fidelity Funds Approximates TSM
Replies: 12
Views: 983

Re: What Blend of These 2 Fidelity Funds Approximates TSM

Thank you for all the replies. I was just reading the Composition of FSMAX and noticed that it was and Mid and Small.

80/20 it is.
by poisedforflight
Sat Sep 12, 2020 9:57 am
Forum: Personal Investments
Topic: What Blend of These 2 Fidelity Funds Approximates TSM
Replies: 12
Views: 983

What Blend of These 2 Fidelity Funds Approximates TSM

I have the option for an S&P500 and a Mid-Cap in my 401k that I'll be starting first of the year. My 2 best options are: FXAIX - Fidelity® 500 Index Fund - .02%ER - https://fundresearch.fidelity.com/mutual-funds/summary/315911750 FSMAX - Fidelity® Extended Market Index Fund - .04%ER - https://fu...
by poisedforflight
Sun May 31, 2020 11:25 am
Forum: Personal Investments
Topic: Investing My Tax Return
Replies: 30
Views: 2224

Re: Investing My Tax Return

Hi, vanquish. Congrats for taking steps towards becoming an investor! I don’t understand the appeal to be on Robinhood or other similar investment platforms, so please forgive my ignorance. But the advice to open account(s) at Schwab, Fidelity, or Vanguard and invest in some index equity ETF’s is s...
by poisedforflight
Fri May 15, 2020 1:33 pm
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

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 poisedforflight
Fri May 15, 2020 1:28 pm
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

Re: 0% Employer Match 401k Questions

The usual advice is to 1) contribute to 401k up to match, 2) then IRA (I prefer Roth) up to max 3) then 401k up to max 4) taxable account Other vehicles , 529s and HSAs not being included here. Some you get no match, step 1 is $0 step 2 is up to $6k if you are below age 50 step 3, above $6k would t...
by poisedforflight
Fri May 15, 2020 1:24 pm
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

Re: 0% Employer Match 401k Questions

I think this is a good place to start to understand IRA deductibility rules: https://www.irs.gov/retirement-plans/ira-deduction-limits You are covered by a workplace plan (your wife may not be, if neither she nor her employer contributes), so you'll need to look at that particular portion of the in...
by poisedforflight
Fri May 15, 2020 9:19 am
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

Re: 0% Employer Match 401k Questions

The usual advice is to 1) contribute to 401k up to match, 2) then IRA (I prefer Roth) up to max 3) then 401k up to max 4) taxable account Other vehicles , 529s and HSAs not being included here. Some you get no match, step 1 is $0 step 2 is up to $6k if you are below age 50 step 3, above $6k would t...
by poisedforflight
Fri May 15, 2020 9:16 am
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

Re: 0% Employer Match 401k Questions

This makes a lot of sense. I didn't realize there was an income limit on IRA contributions due to having a 401k available. There is no income limit that would prevent you from making a contribution to traditional IRA. The income limit determines whether you can deduct the contribution from your tax...
by poisedforflight
Fri May 15, 2020 6:09 am
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

Re: 0% Employer Match 401k Questions

Your 401k plan choices are excellent. The top three of those funds are what I would use in the plan. Does contribution to 401k get you into the income range for you where a Traditional IRA is also deductible for you? Can you afford that? For example, let us say you are earning $70k as a single. Pla...
by poisedforflight
Thu May 14, 2020 9:06 pm
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

Re: 0% Employer Match 401k Questions

The answer depends on a few variables, including your current & expected future tax bracket (federal and state) and the investment options within your 401(k). Current Tax Rate: 22% Federal, 5% State Expected Tax Rate: 24% Federal, 5% State (based on current law) So if I'm understanding you corr...
by poisedforflight
Thu May 14, 2020 8:13 pm
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

Re: 0% Employer Match 401k Questions

The answer depends on a few variables, including your current & expected future tax bracket (federal and state) and the investment options within your 401(k). And when you plan to retire. 401ks generally tie up your money until age 59 1/2 or you leave your job. And if you withdraw before that a...
by poisedforflight
Thu May 14, 2020 8:05 pm
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

Re: 0% Employer Match 401k Questions

The answer depends on a few variables, including your current & expected future tax bracket (federal and state) and the investment options within your 401(k). Current Tax Rate: 22% Federal, 5% State Expected Tax Rate: 24% Federal, 5% State (based on current law) There are many options in the 40...
by poisedforflight
Thu May 14, 2020 7:58 pm
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

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 poisedforflight
Thu May 14, 2020 7:55 pm
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

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. What does that mean? Employer will add up to 5% of your annual salary to 401(k) regardless of your contribution? What are investment options in your employer’s plan? Correct, regardle...
by poisedforflight
Thu May 14, 2020 7:30 pm
Forum: Personal Investments
Topic: 0% Employer Match 401k Questions
Replies: 30
Views: 1691

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 in...
by poisedforflight
Mon May 04, 2020 11:38 am
Forum: Personal Investments
Topic: Question about Mutual Fund Taxes
Replies: 12
Views: 625

Re: Question about Mutual Fund Taxes

First, you have to buy a mutual fund shares in a so-called taxable account and not in a Roth IRA or HSA or 401(k) or other tax-advantaged account. Next, if you didn't sell any shares this year in order to realize the gains ("realize" is a technical term), then you would not have to pay ta...
by poisedforflight
Fri May 01, 2020 11:15 am
Forum: Personal Investments
Topic: Question about Mutual Fund Taxes
Replies: 12
Views: 625

Re: Question about Mutual Fund Taxes

magicrat wrote: Fri May 01, 2020 11:11 am You can avoid capital gains by 1) using mutual funds that are highly, highly unlikely to distribute capital gains, like VTSAX and VTIAX and 2) not selling any shares that have a capital gain.
Perfect, this fits me to a T.
by poisedforflight
Fri May 01, 2020 11:07 am
Forum: Personal Investments
Topic: Question about Mutual Fund Taxes
Replies: 12
Views: 625

Re: Question about Mutual Fund Taxes

First, you have to buy a mutual fund shares in a so-called taxable account and not in a Roth IRA or HSA or 401(k) or other tax-advantaged account. Next, if you didn't sell any shares this year in order to realize the gains ("realize" is a technical term), then you would not have to pay ta...
by poisedforflight
Fri May 01, 2020 7:01 am
Forum: Personal Investments
Topic: Question about Mutual Fund Taxes
Replies: 12
Views: 625

Question about Mutual Fund Taxes

Please bear with me as I'm fairly new to all of this, and I did Google before I ask. I have been told that if I were to buy in to a mutual fund now, I would be responsible for capital gains for my share of the fund over the entire year. Is that true, or would I only be responsible for the taxable ga...