Bogleheads.org

https://icecastles.com/new-hampshire/

There is one in Woodstock, NH not too far away from North Conway. I've went last year, seems like there were a lot of little kids there that were having fun. There is sledding, sleigh rides, etc. As always, bundle up and wear snow appropriate layers

Downside: kind of expensive, not a whole lot of infrastructure that you might expect at a ski resort (food, warming stations, lodge, etc.), not much to do for adults other than walk around

Marseille07 wrote: ↑Mon Jan 23, 2023 2:47 pm It depends on the rest of your allocation. If you're holding 60/40 or 50/50 then probably unreasonable. If you are 100% equities outside of the 2-years emergency funds, that's completely reasonable.

My AA across all accounts is 75/15/10 equities/bonds/cash.
My AA across retirement accounts alone (401k/Roth) is 88/12 equities/bonds

36yo

I have 2 years of emergency fund money right now. 1.5 years worth in HYSA, 0.5 years worth in I-bonds. Do you think that's reasonable or overkill? I read this report a while ago that showed the breakdown of unemployment duration during the Great Recession. I remember being shocked at how high a percentage of people were out of work for more than a year or two, which drove me to save a lot of my emergency fund. I'm just a regular engineer in an industry well known for cyclical bad times and I'm not particularly smart/skilled enough to just easily jump ship to any tech company. So I can definitely imagine myself being out of work for a long time, especially with the upcoming recession/mass layoffs. By emergency fund, I mean money needed to pa...

Year end net worth values:
2021: 720,280
2022: 680,560 (Age 36)

Down 6% from 2021. Depressing as I expended a lot of mental energy the past 2 years shoving almost every spare cent I had left over after required monthly spending into my taxable brokerage for no gain.

Recently, my mega corp. switched 401k administrator. With the old administrator, once I hit the 401k pretax limit, my contributions would automatically stop. So typically, my last paycheck or two of the year would have extra cash in it. I just hit the $20500 limit with my most recent paycheck, with one more left for 2022. With the new administrator, apparently once you hit the pretax limit, it will continue to contribute your regular percentage just now in a nontaxable post tax account. When I check my contributions on my 401k website, there has just now appeared a third line item that says "post-1986 contribution", whereas normally there would just me two line items (my contribution, and my company's match). Also, my paycheck now...

Unlike most of my classmates, I graduated from college fully employed with a nice paying engineering job in the spring of 2009. I dutifully put away 15% of my paycheck in my 401k starting on day 1. But either through laziness/ignorance/uncertainty, I neglected to fund my Roth IRA even though I easily could. I didn't end up putting any money into my Roth until 2014! 5 years of the best accumulation years pissed away.

Mr. Potter wrote: ↑Sat Dec 03, 2022 12:03 pm My friends son handed over $300k to his BIL who’s an advisor. After 10 years of a mostly bull market that 300k has turned into $280k. I have no idea what you could have invested in over those 10 years that would have a negative return. I’ve plugged both just cash and gold into portfolio visualizer and even that gets you around 330k.
How or what could explain this? Apparently this was a lump sum investment and no withdrawals were taken.

Here's a simple scenario:
-Son gives 300k to BIL and says to be conservative and keep it "somewhere safe", because he doesn't really know anything about investing
-BIL keeps it in cash and charges his standard x% AUM fee
-Boom, 300k becomes 280k

TwstdSista wrote: ↑Thu Dec 01, 2022 9:18 am

Puyi wrote: ↑Thu Dec 01, 2022 9:16 am ....

Say I do this, and the money from the UTMA gets transferred to one of my own accounts. Then I have to sell to transfer the money back to my parents, won't that result in a large capital gains tax bill?

Why do you have to transfer the money to your parents?

I don't need it, plus they are retiring next year so it'll be more useful for them

vineviz wrote: ↑Thu Dec 01, 2022 8:22 am At Vanguard, you need to transfer the assets from the UTMA to one of your own non-custodial accounts.

https://personal1.vanguard.com/cwp-chan ... or-welcome

What you do with the money after that is completely up to you.

Say I do this, and the money from the UTMA gets transferred to one of my own accounts. Then I have to sell to transfer the money back to my parents, won't that result in a large capital gains tax bill?

When I was a kid, my parents opened up an UTMA for me on vanguard. I ended up never needing it, so it has just remained untouched. I'm 35 now and the UTMA still shows up under my account when I log into Vanguard (my personal Roth IRA and taxable accounts are in Vanguard). However, when I click the registration details bubble on the UTMA account, it shows my mom's name as the Custodian. I also don't have permissions to buy or sell from the account.

Do I have to get Vanguard to switch the UTMA to my control first? Can the balance of the UTMA be transferred to my parent's own brokerage account in Vanguard without tax penalties?

OP: Why do you want more in the taxable account instead of the 401K? There are many possible answers, but just asking what is your reason? The primary reason is if I wanted to retire before 60, I'd need a large amount in my taxable brokerage to tide me over before I can start withdrawing from my retirement accounts. KlangFool posted this link earlier in the thread, but I figured it'd be helpful to provide it again: https://www.madfientist.com/how-to-access-retirement-funds-early/ As Grabiner says directly above me, there are several ways to access money in a 401k before 59.5. For example, you could set up a Roth conversion ladder. Each tranche of the ladder would take 5 years to "season" such that there are no early withdrawal pe...

Eastern State Penitentiary is a great trip. Very interesting and iconic old prison, now a museum. Once held Al Capone

Independence Seaport Museum is great. Visit the USS Olympia while there, a very historically important warship. USS Becuna is a submarine museum moored right next to it.

OP: Why do you want more in the taxable account instead of the 401K? There are many possible answers, but just asking what is your reason? The primary reason is if I wanted to retire before 60, I'd need a large amount in my taxable brokerage to tide me over before I can start withdrawing from my retirement accounts. Having enough to make a downpayment on a new house might be the secondary reason, though I have no firm plans of this at the moment. For those of you who have asked, my 401k plan is well administered with low fees and I invest in typical vanguard mutual funds. So no issues there. Right now, based on the feedback, I think I will continue my current track of maximizing 401k/Roth/HSA and using whatever leftover money into taxable.

tashnewbie wrote: ↑Sun Nov 20, 2022 2:33 pm I wouldn’t.

I’d also max a Roth IRA before investing in taxable.

I edited my post to clarify. I also max my Roth IRA and HSA

I'm 35 and make $120k. Current 401k balance is $480k invested in a 65% US total market/20% international/15% total bond fund mix. I currently max out the $20,500 contribution limit, plus I get an additional 8% company match. I also max my Roth IRA and HSA contribution.

My Vanguard taxable brokerage is only at $58k, and it was only in the past 2 years that I've been seriously contributing to it ($1300/month). It is a similar allocation as my 401k (i think around 80/20)

Given the fact that my company match is relatively decent, should I bring down my 401k contribution so I can put extra money into my taxable? Goal is to retire by 60 at the latest.

thanks. So it's normal then?

A few years ago, I transferred my Roth IRA from etrade to Vanguard. I just noticed that when I click on the Registration Details button on my Vanguard homepage, it shows:

<My Name>
<ROTH IRA VFTC AS CUSTODIAN>
<My address>
<My phone>

What does "ROTH IRA VFTC AS CUSTODIAN" mean?