Search found 14 matches

by Madboggle
Tue Nov 17, 2020 11:04 pm
Forum: Personal Investments
Topic: Roth conversion investments
Replies: 2
Views: 349

Roth conversion investments

I am currently contributing to after tax and converting them to Roth in-plan conversion(RIPC). My employer doesn’t have any restrictions to move them to my Roth-IRA. Currently they are being allocated as per my three fund portfolio. I do have some money invested in individual stock in a taxable acco...
by Madboggle
Mon Oct 19, 2020 10:27 pm
Forum: Investing - Theory, News & General
Topic: Megaback door roth- am i understanding this correctly?
Replies: 23
Views: 2353

Re: Megaback door roth- am i understanding this correctly?

Can i really contribute 25k or so to my after tax and convert it to roth? Is this a good strategy? On paper it looks really good. Anything I am missing? This contribution into after-tax grows tax deferred unless you convert it to Roth. Some 401k plans allow in-plan conversions which allows you to m...
by Madboggle
Thu Oct 15, 2020 12:02 am
Forum: Personal Consumer Issues
Topic: Visible wireless. Any experience?
Replies: 30
Views: 3995

Re: Visible wireless. Any experience?

A nice thing is that after applying taxes, they discount the charge back down to $40, (or $25 with the maximum party pay), so that the rate includes taxes. I was able to find a party to join on Reddit to receive the maximum discount. They are supposed to have a "millennial" focus. For exa...
by Madboggle
Sat Sep 26, 2020 3:36 pm
Forum: Personal Consumer Issues
Topic: What are subscriptions that add the most value in 2020?
Replies: 93
Views: 8643

Re: What are subscriptions that add the most value in 2020?

carolinaman wrote: Sat Sep 26, 2020 12:14 pm Costco
WSJ (digital)
Netflix
AAA
Microsoft 365
Is paying $35 for WSJ worth it. Do you consume that much content?
by Madboggle
Mon Sep 07, 2020 10:24 am
Forum: Investing - Theory, News & General
Topic: Why do people end up with 10-15 funds in their 401k?
Replies: 60
Views: 4791

Re: Why do people end up with 10-15 funds in their 401k?

My employer/401k plan provided a free portfolio analysis call every year. He used to ask me bunch of questions, put me on hold and then come back with complicated analysis and suggested 10-15 funds. Prior to that I used to be in the target date portfolio. Even after the high expense ratios they had ...
by Madboggle
Fri Aug 28, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pull Out Money From 401k to Buy New Home
Replies: 20
Views: 1739

Re: Pull Out Money From 401k to Buy New Home

I am not an expert on this but if you take a loan from 401k, aren’t you paying it back with your taxed dollars? Effectively you paying 2 times the tax on the amount you borrow?
by Madboggle
Thu Aug 27, 2020 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Buying home vs Investing
Replies: 9
Views: 987

Re: Buying home vs Investing

Thank you all for the replies and advice. It makes sense not to get into a big obligation when things are fluid. VTI here I come. A house isn't always an "investment" - but it is always someplace to live. (remember a lot of old timers saying a house is an investment are often the ones who ...
by Madboggle
Wed Aug 26, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home vs Investing
Replies: 9
Views: 987

Buying home vs Investing

I am currently saving up to put down 20% on 1M house ( I hate how expensive bay area is). I am not 100% convinced that house is what I need because 1) I am single. 2) I hate paying taxes (moved from TX recently) 3) I don’t see myself staying here for more than 5 years(don’t know why). 4) My job is f...
by Madboggle
Mon Aug 24, 2020 9:42 pm
Forum: Personal Investments
Topic: Post-tax 401k / mega backdoor question
Replies: 12
Views: 815

Re: Post-tax 401k / mega backdoor question

There are only three types of employee contributions to a 401k: Traditional employee deferrals (pre-tax) Roth employee deferrals (post-tax) Employee after-tax contributions (after-tax) While post-tax and after-tax are technically the same thing. It is best to refer 401k contributions as they are na...
by Madboggle
Sun Aug 09, 2020 6:14 pm
Forum: Personal Investments
Topic: Portfolio Review and Recommendation.
Replies: 11
Views: 1150

Re: Portfolio Review and Recommendation.

Thank you all for your recommendations. I took the advice and did the following. 1. Got the check from schwab for his old 401k and ready to deposit into the current 401k 2. Did an Inkind transfer of Roth IRA to fidelity. 3. Moved everything from Robinhood to Fidelity. 4. Consolidated the HSA funds t...
by Madboggle
Sat Jul 04, 2020 8:40 am
Forum: Personal Investments
Topic: Portfolio Review and Recommendation.
Replies: 11
Views: 1150

Re: Portfolio Review and Recommendation.

I am sorry, I don't understand your latest post. Did you or did you not make a non-deductible contribution to Traditional IRA for 2019? When did you do it? In 2019 or 2020? When did you convert it? In 2019 or 2020? I made a non-deductible contribution to Traditional IRA and converted it Roth IRA th...
by Madboggle
Sat Jul 04, 2020 7:34 am
Forum: Personal Investments
Topic: Portfolio Review and Recommendation.
Replies: 11
Views: 1150

Re: Portfolio Review and Recommendation.

Also what is the UNrealized capital gain or loss status of each of the investments in your taxable accounts? Because you are in the 35% tax bracket you will want to look for ways to reduce the tax impact of any changes you make. I am not quite sure how to look this up. Can you point me to a wiki Pl...
by Madboggle
Fri Jul 03, 2020 7:44 pm
Forum: Personal Investments
Topic: Portfolio Review and Recommendation.
Replies: 11
Views: 1150

Re: Portfolio Review and Recommendation.

1. I want to move my old 401k to a rollover IRA. I read the efficient fund placement on the wiki but can’t figure out where to start from. They said start from 401k, but the issue is I keep adding money to it so the allocation will not be the same overtime. Bad idea. With you being in the 35% tax b...
by Madboggle
Fri Jul 03, 2020 5:06 pm
Forum: Personal Investments
Topic: Portfolio Review and Recommendation.
Replies: 11
Views: 1150

Portfolio Review and Recommendation.

Emergency funds: 6 months saved in a checking account. Debt: No debts Tax Filing Status: Single Tax Rate: 35% Federal, 9% State State of Residence: California Age: 37 Desired Asset allocation:75% stocks / 25% bonds Desired International allocation: 20% of stocks Current portfolio - mid 6 figures, Cu...