Search found 1211 matches

by rai
Thu Aug 22, 2019 11:38 am
Forum: Personal Investments
Topic: We're on the bubble with regards to IRA income limits, can we just play it safe and use the backdoor Roth approach?
Replies: 18
Views: 628

Re: We're on the bubble with regards to IRA income limits, can we just play it safe and use the backdoor Roth approach?

The backdoor Roth is open to everyone, so yes you can do that if you're not sure about normal eligibility for Roth contributions. Keep in mind the pro-rata rule (https://www.bogleheads.org/wiki/Backdoor_Roth) I don’t understand the pro-rata rule. I have a pre tax IRA from a 401k rollover that’s bee...
by rai
Thu Aug 22, 2019 10:36 am
Forum: Personal Investments
Topic: We're on the bubble with regards to IRA income limits, can we just play it safe and use the backdoor Roth approach?
Replies: 18
Views: 628

Re: We're on the bubble with regards to IRA income limits, can we just play it safe and use the backdoor Roth approach?

The backdoor Roth is open to everyone, so yes you can do that if you're not sure about normal eligibility for Roth contributions. Keep in mind the pro-rata rule (https://www.bogleheads.org/wiki/Backdoor_Roth) I don’t understand the pro-rata rule. I have a IRA already that’s been established for yea...
by rai
Thu Aug 22, 2019 10:22 am
Forum: Personal Investments
Topic: We're on the bubble with regards to IRA income limits, can we just play it safe and use the backdoor Roth approach?
Replies: 18
Views: 628

Re: We're on the bubble with regards to IRA income limits, can we just play it safe and use the backdoor Roth approach?

The backdoor Roth is open to everyone, so yes you can do that if you're not sure about normal eligibility for Roth contributions. Keep in mind the pro-rata rule (https://www.bogleheads.org/wiki/Backdoor_Roth) I don’t understand the pro-rata rule. I have a pre tax IRA from a 401k rollover that’s bee...
by rai
Sat Aug 17, 2019 6:22 pm
Forum: Personal Investments
Topic: Don’t put new money in market right now??
Replies: 59
Views: 7301

Re: Don’t put new money in market right now??

There is this famous quote :The Stock Market Has Predicted Nine Of The Past Five Recessions. (The quote in the title is attributed to the first American winner of the Nobel prize in economics Paul Samuelson.)
by rai
Sat Aug 17, 2019 4:15 pm
Forum: Personal Investments
Topic: Don’t put new money in market right now??
Replies: 59
Views: 7301

Re: Don’t put new money in market right now??

In my above post my daughter invested $6K lump sum we did that 2-3 weeks ago, would have been better off if we had waited for the 960 point drop in the DOW but we didn't know that was going to happen. What happens if the market never is as low as it today?
by rai
Sat Aug 17, 2019 3:53 pm
Forum: Personal Investments
Topic: Don’t put new money in market right now??
Replies: 59
Views: 7301

Re: Don’t put new money in market right now??

that's sad to hear. I wouldn't follow that advice one bit. How long until you need the money? If it's for retirement 10,20,30,40 years in the future then daily or weekly fluctuations in the market are meaningless. I put monty in the market every week whenever I have it to invest it gets invested. My...
by rai
Sat Aug 17, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Can SS benefits continue to increase if still working after claiming?
Replies: 10
Views: 1199

Re: Can SS benefits continue to increase if still working after claiming?

Is it wise to take SS while still working and pay taxes? Might be better tapping your taxable savings if needed. I never understand why someone would claim at 62 if still making significant income from work.
by rai
Thu Aug 15, 2019 8:01 am
Forum: Personal Consumer Issues
Topic: I wanted to teach myself computer programming.
Replies: 64
Views: 4960

Re: I wanted to teach myself computer programming.

Thanks for all the replies!! I knew this forum would be of help. As I said not sure of what I wanted to program more than just learn how to, but I got to thinking I would like to try to fool around with game making if that makes a difference to the recommendations. Sorry that I didn’t lead with that...
by rai
Wed Aug 14, 2019 9:16 am
Forum: Personal Consumer Issues
Topic: I wanted to teach myself computer programming.
Replies: 64
Views: 4960

I wanted to teach myself computer programming.

Any advice, books or online courses to recommend?

Back in the 80s I took a semester of COBAL and now I’m thinking just for fun to learn something new to me.

What language and what types of activity should I do?
by rai
Mon Aug 12, 2019 4:18 pm
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 143
Views: 14236

Re: What is your hobby and how did it come to be your hobby?

I collect pinball machines. That’s not to say just collect pinball machines like someone would collect stamps or baseball cards but I also play the pins. If wasn’t for the fun of playing I wouldn’t bother. I grew up as a teenager in the 70s and played pinball in arcades but didn’t really play that m...
by rai
Thu Aug 08, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Do you pay for kids college if a non-STEM major?
Replies: 62
Views: 2644

Re: Do you pay for kids college if a non-STEM major?

Conch55 wrote:
Thu Aug 08, 2019 11:23 am
Yes, two kids. I didn't attach any conditions to paying for college except that I would only spring for four years.
That’s exactly what we did plus that they keep good grades.
by rai
Thu Aug 08, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Do you pay for kids college if a non-STEM major?
Replies: 62
Views: 2644

Re: Do you pay for kids college if a non-STEM major?

This is a joke right? My daughter went into accounting and already has a good paying job offer with a big-4 firm for when she graduates next year.
by rai
Tue Jul 23, 2019 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you move to?
Replies: 130
Views: 9488

Re: Where would you move to?

dbr wrote:
Tue Jul 23, 2019 5:41 pm
Florida and Texas are too hot.
50 Million people live in these two states.
by rai
Mon Jul 22, 2019 9:30 am
Forum: Personal Consumer Issues
Topic: New Subaru Outback Engine Offering for 2020
Replies: 45
Views: 4241

Re: New Subaru Outback Engine Offering for 2020

We have the smaller 2.5L version and to be honest it’s quite nice. I never feel like should have got the larger engine. The turbo is newer design and likely better in some regards to the outgoing 3.6L

I love Subaru’s and have 3 in the family 2018 Outback and BRZ and 2009 Legacy wagon.
by rai
Wed Jul 10, 2019 6:07 am
Forum: Investing - Theory, News & General
Topic: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE
Replies: 63
Views: 6449

Re: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE

Are high quality corporate bond funds more worthwhile in low rate environment we are in?
by rai
Tue Jun 25, 2019 10:47 am
Forum: Investing - Theory, News & General
Topic: Firecalc why/when can you adjust your spending?
Replies: 12
Views: 1001

Firecalc why/when can you adjust your spending?

Let’s say you were retired with 98%+ positive results on Firecalc. But after a while suppose your investment went *up* would you ever just say *this* is my new starting point (pretend like you were retiring on this date with this new starting portfolio).
by rai
Tue Jun 18, 2019 8:41 pm
Forum: Investing - Theory, News & General
Topic: Investing in Multiple Streams of Income? (NOT get rich quick)
Replies: 93
Views: 8376

Re: Investing in Multiple Streams of Income? (NOT get rich quick)

Can’t speak for others but to me 401k, IRA, 529s, HSAs are all tax shelters which I fill up to the limit and then I still have money left that I invest in a taxable account. That is in stocks and adjust my tax shelters to get the correct AA. The taxable account is my safety net and gives dividends e...
by rai
Tue Jun 18, 2019 6:51 pm
Forum: Personal Investments
Topic: Big changes, Retirement is Imminent
Replies: 23
Views: 2977

Re: Big changes, Retirement is Imminent

So you have about $800K + emergency funds in safe assets now? To get near 1.1 million in safe assets you probably would convert about $200k from the 1.2 million in equity assets. That seems to be reasonable, not too big a jump. Like a re-balancing move. That’s not what he’s saying. I’ll admit it’s ...
by rai
Tue Jun 18, 2019 6:41 pm
Forum: Personal Investments
Topic: Big changes, Retirement is Imminent
Replies: 23
Views: 2977

Re: Big changes, Retirement is Imminent

I don’t see the need to convert to cash but that’s me. I’m allergic to cash have the smallest allocation less than 1%. All the other asset classes pay interest or dividend greater than cash pays imo. Only way I’d hold cash was if I sold a house and was planning to use that money in the next year or ...
by rai
Tue Jun 18, 2019 2:05 pm
Forum: Personal Investments
Topic: Questions on using Firecalc
Replies: 8
Views: 623

Re: Questions on using Firecalc

On last tab of firecalc you can also “plan to leave an inheritance”.

In there you could leave $200K or some number and have a bit of wiggle room if things go worse than expected.
by rai
Sat Jun 15, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 67
Views: 4724

Re: IPhone 6 - showing some age

Just saw that a Verizon has a Father’s Day promo when you buy one flagship iPhone they’ll give you an XS free but I only need one phone and probably like to wait for the iPhone XI
by rai
Sat Jun 15, 2019 8:23 am
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 67
Views: 4724

Re: IPhone 6 - showing some age

I’m exactly the same mine is a 6 plus. I brought it to Apple store to check the battery and they said everything is fine there is a diagnostic on the phone says the battery is like 90% I thought about getting a new battery but the phone is only worth like $99 trade in also not as fast as it could be...
by rai
Sat Jun 08, 2019 1:34 pm
Forum: Personal Investments
Topic: Any other notable firms besides the Big 3?
Replies: 8
Views: 1477

Re: Any other notable firms besides the Big 3?

Some regular contributors here (one in particular) like Merrill Edge. Merrill does not have a family of low cost index funds (Classic MF or ETF) but they offer low cost trading of third-party ETFs. The “Big 3” as you have called them each has a full line of “in-house” products from which to select....
by rai
Sat Jun 08, 2019 1:23 pm
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5516

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

Outstanding charts! That 8 year recovery period looks painful to a retiree!!! Thanks for posting! j :happy If I’m reading the chart correct that is the years for the actual price of the stocks to recover not mentioning reinvestment of dividends or buying power of dividends. With dividends 2-2.5% mi...
by rai
Thu Jun 06, 2019 6:56 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 484
Views: 53586

Re: What is/ was your career and would you recommend it now?

I’m MD anesthesiologists. Would recommend. I’ve been at the same place 22 years but can get a job easy most anywhere. Downside is don’t make full pay level until 30 years old. Downside is stress and long hours. Upside great pay and easy to translate to other centers. Easier to set your own hours if ...
by rai
Tue Jun 04, 2019 2:11 pm
Forum: Personal Investments
Topic: Would you sell AAPL to reduce stock exposure?
Replies: 20
Views: 1722

Re: Would you sell AAPL to reduce stock exposure?

Can sell future calls if you own 100 shares
by rai
Tue Jun 04, 2019 1:24 pm
Forum: Personal Investments
Topic: What is the tax rate on a tax deferred 401k account?
Replies: 12
Views: 706

Re: What is the tax rate on a tax deferred 401k account?

Life in slices nailed the answer. Once you are 70.5 you can make Qualified Charitable Distributions from an IRA (not 401k) and pay zero taxes on that up to $100k per year. Cheers So can value of charitable donations from IRA can be deducted from your income. Up to $100k/year? I mean not only not pa...
by rai
Fri May 31, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 39203

Re: For those who earn $500k+ per year. How'd you do that?

Two physicians couple fairly common.

Unusual for one physician to make $500K+
by rai
Mon May 27, 2019 9:54 am
Forum: Personal Investments
Topic: Let me understand earned income (in retirement)
Replies: 9
Views: 1259

Re: Let me understand earned income (in retirement)

thanks again.

I am currently working and so my tax avoidance is not anything that I can control but I am looking to the future when I can control how much $ is subject to taxation.
by rai
Mon May 27, 2019 9:44 am
Forum: Personal Investments
Topic: Let me understand earned income (in retirement)
Replies: 9
Views: 1259

Re: Let me understand earned income (in retirement)

1. Yes, 2. Yes, 3. Yes and 4. No but will count for ACA MAGI, 5. No thanks I see this now: You include your capital gain in your income to figure out what tax rate applies to the capital gain. Capital gains taxes are progressive, similar to income taxes. So in my instance, I won't ever be in the 0%...
by rai
Mon May 27, 2019 9:28 am
Forum: Personal Investments
Topic: Let me understand earned income (in retirement)
Replies: 9
Views: 1259

Let me understand earned income (in retirement)

I am not retired but plan to in 4-5 years married filing jointly. I am trying to get a better handle on the tax rate or threshold income that would keep me in the 0% Long Term CG rate, it says in 2019 the 0% threshold is under $78,750. We have a large taxable account and this throws off a lot of div...
by rai
Fri May 24, 2019 7:42 am
Forum: Personal Investments
Topic: Best way to backdoor Roth IRA
Replies: 37
Views: 3038

Re: Best way to backdoor Roth IRA

I’m planning to do the same thing.

I just don’t understand why there is a looks hole or back door, why can’t the law be adjusted to allow direct Roth contribution?
by rai
Fri May 24, 2019 6:04 am
Forum: Personal Consumer Issues
Topic: What has changed in new home construction over the years?
Replies: 49
Views: 6253

Re: What has changed in new home construction over the years?

I know in Florida in the last 15 years there are tougher building code for hurricanes. So called wind mitigation roofs etc.
by rai
Wed May 22, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: I evaluated taking SS at age 62 versus age 70
Replies: 67
Views: 5246

Re: I evaluated taking SS at age 62 versus age 70

Firecalc doesn’t plan or factor in the increases to SS payments or does it?
by rai
Wed May 22, 2019 10:26 am
Forum: Investing - Theory, News & General
Topic: Any option traders?
Replies: 41
Views: 3133

Re: Any option traders?

I sell naked puts and sell covered calls.
by rai
Sat May 18, 2019 5:55 am
Forum: Personal Investments
Topic: What to do with HSA (HSAbank) money? NJ
Replies: 15
Views: 1336

Re: What to do with HSA (HSAbank) money?

I put mine 100% in VTI (Vanguard total stick market index).
by rai
Wed May 15, 2019 5:07 pm
Forum: Personal Investments
Topic: Advice for 20 year old Roth IRA investment.
Replies: 17
Views: 1072

Re: Advice for 20 year old Roth IRA investment.

Thanks. I educated myself from zero to hero but had a lot of hard knocks along the way. I missed out a lot on my younger investments cashed out my small 401K to pay for higher education. Didn’t invest at all in tax deferred until was 32 years old, that’s a lot of water under the bridge. But might ha...
by rai
Wed May 15, 2019 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: I accidentally retired, and need tax advice
Replies: 48
Views: 6388

Re: I accidentally retired, and need tax advice

From the movie The Big Lebowski:

“My advice is to do what your parents did; get a job.”

Seems like the job market is not difficult. My 18 year old daughter with no skills got a job in no time flat at $12/hr would figure out to $2k a month.
by rai
Wed May 15, 2019 9:24 am
Forum: Personal Investments
Topic: Using 401k Loans to increase contribution
Replies: 17
Views: 1150

Re: Using 401k Loans to increase contribution

Sounds like a bad idea.
by rai
Tue May 14, 2019 3:43 pm
Forum: Personal Investments
Topic: Advice for 20 year old Roth IRA investment.
Replies: 17
Views: 1072

Re: Advice for 20 year old Roth IRA investment.

OP: I started investing at 18. I am now in my late 20s. I can't stress enough how important I think it is for you to include your daughter in these decisions. I will she's an accounting major so she will know a thing or two about taxes. Also she is the one that asked me for my advice because she kn...
by rai
Tue May 14, 2019 12:31 pm
Forum: Personal Investments
Topic: Advice for 20 year old Roth IRA investment.
Replies: 17
Views: 1072

Re: Advice for 20 year old Roth IRA investment.

I personally have VTI in my Roth IRA. I am also around the same age as your daughter. I like to have VTI since there is a lot of upside and its tax free gains, might as well get as much gains as possible in that account. I have forgone international or bonds in that account and have picked those up...
by rai
Tue May 14, 2019 10:48 am
Forum: Personal Investments
Topic: Advice for 20 year old Roth IRA investment.
Replies: 17
Views: 1072

Re: Advice for 20 year old Roth IRA investment.

I personally have VTI in my Roth IRA. I am also around the same age as your daughter. I like to have VTI since there is a lot of upside and its tax free gains, might as well get as much gains as possible in that account. I have forgone international or bonds in that account and have picked those up...
by rai
Tue May 14, 2019 10:09 am
Forum: Personal Investments
Topic: Vanguard Total Bond Mkt. and Total Int'l Bond Mkt.
Replies: 2
Views: 476

Re: Vanguard Total Bond Mkt. and Total Int'l Bond Mkt.

YTD annual performance is not a relevant time frame.
by rai
Tue May 14, 2019 9:37 am
Forum: Personal Investments
Topic: Advice for 20 year old Roth IRA investment.
Replies: 17
Views: 1072

Advice for 20 year old Roth IRA investment.

My child will be making ~$12K for summer internship no loans or obligations. She has no need for income other than pocket money and I figure she can safely put $6K into a Roth IRA without any reason to take money out until she retires. I wanted to get advice on best fund that she can own for the nex...
by rai
Sat May 04, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: Wouldn't this make Traditional IRA far superior to Roth?
Replies: 82
Views: 8402

Re: Wouldn't this make Traditional IRA far superior to Roth?

just a question which I should know but sure you guys will let me know. Is a Roth withdrawal treated as income in any way? I mean when you take a withdrawal how is that factored into you AGI? I assume it's not meaning taking money out of a ROTH is like taking money form a taxable account (except not...
by rai
Thu May 02, 2019 1:46 pm
Forum: Personal Investments
Topic: Intel sell or hold NOW sold.
Replies: 67
Views: 5304

Re: Intel sell or hold NOW sold.

So this is something that is not Boglehead *true* meaning to sell calls the correct bogglehead thinking is to sell all individual stocks and put in index funds/ETFs and sleep well take what the market gives you. But a lot of people do have stocks and sometimes it just happens that you end up with a ...
by rai
Thu May 02, 2019 12:16 am
Forum: Personal Investments
Topic: Intel sell or hold NOW sold.
Replies: 67
Views: 5304

Re: Intel sell or hold NOW sold.

Beware selling options is always taxed as short term gain. (Unless sold in a tax shelter which would not matter about the short term gains).