Search found 178 matches

by mass_biker
Mon May 14, 2018 5:23 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - aka - plan B.
Replies: 7
Views: 1871

Re: Early Retirement - aka - plan B.

Very helpful; and I totally forget about the ability to tap into tax advantaged accounts early. Thank you. I've always bifurcated between taxable and tax advantaged; but you're right, it's all one pot available for withdrawal. My default mechanism has always been to keep working to build cushion eit...
by mass_biker
Sun May 13, 2018 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - aka - plan B.
Replies: 7
Views: 1871

Early Retirement - aka - plan B.

Do any of you BHers model out a plan B scenario - i.e. ER if there is a change to the current gig (i.e. roles, responsibilities, geography etc.) I'm trying to bifurcate the role of taxable and tax deferred/exempt monies in my investment strategy and how assumptions on either could lead me to choose ...
by mass_biker
Mon Apr 30, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 exchange - a twist
Replies: 2
Views: 332

Re: 1031 exchange - a twist

Yes - I will (and do) have a primary address elsewhere. Just thinking through if there is an angle here to roll one property into a multi family and then use one of the apartments in the multi family for 3 days a week or so.
by mass_biker
Mon Apr 30, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 exchange - a twist
Replies: 2
Views: 332

1031 exchange - a twist

After leaving the Boston area some 8+ years ago, we rented out our home. It has been rented, and cashflowing positively, since then. Needless to say, home prices in metro Boston continue to surprise on the upside and our appreciation from cost basis has been meaningful. My work has changed over the ...
by mass_biker
Mon Apr 23, 2018 5:33 am
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 60
Views: 5525

Re: How long have you been unemployed?

RIF = "reduction in force", so yes, you're right. When I was RIF'd, I tried doing what you mentioned at the end - focusing on personal goals. Having started working straight out of college under immense pressure to start paying back student loans and knowing there was little/no parental support comi...
by mass_biker
Sun Apr 22, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 60
Views: 5525

Re: How long have you been unemployed?

Employed post college until the GFC - not a great place to be if your job is investments.
Following the trifecta of Lehman + Bear + AIG, found myself on the bench in late 2008.
Re-employed mid 2009.
That RIF was the best thing that ever happened to me and my family.
by mass_biker
Sun Feb 18, 2018 8:42 am
Forum: Investing - Help with Personal Investments
Topic: To buy or not to buy in Boston for Investment
Replies: 18
Views: 1693

Re: To buy or not to buy in Boston for Investment

We own an investment property in Boston metro. We got there "by accident" as this was our primary residence until we moved away. Originally, we thought our move would be temporary and we would be back in the area - thus we rented it out. That was 9 years ago. The vacancy rate in what I consider "met...
by mass_biker
Sat Feb 10, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Accredited investor resources
Replies: 23
Views: 1411

Re: Accredited investor resources

My experiences with these types of investments is to a) pick a limit that is appropriate as a % of total investment assets (I exclude real estate holdings from this calc) - say 5-10% b) consider your means of funding this - either from cash on hand or security sales etc. c) consider your liquidity n...
by mass_biker
Fri Feb 09, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: to superfund or not to superfund a 529
Replies: 14
Views: 1627

Re: to superfund or not to superfund a 529

I say superfund solely for the purpose of time value of money. Get time working on your side.
And not to market time, but the superfunding we did for child #2 (in the depths of the financial crisis) turned out to be one of the best financial decisions we ever made.
by mass_biker
Sun Jan 28, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: FIRECalc et al. - user experience
Replies: 11
Views: 1093

FIRECalc et al. - user experience

I use these types of monte carlo simulators to run various iterations of: - Early retirement - Increasing after tax savings - Portfolio mixes - Spend down - Other sources (rental income) and uses (college tuition) In most cases, and even when stressing the scenarios pretty heavily, I end up with a 1...
by mass_biker
Fri Jan 26, 2018 6:56 am
Forum: Investing - Help with Personal Investments
Topic: Best option for tax-inefficient funds in taxable
Replies: 13
Views: 898

Re: Best option for tax-inefficient funds in taxable

I had the same issue with the Vgd Health Care Fund - bought as a young 'un in taxable.
Great returns over the holding period but hideously tax inefficient.
I used it to seed my DAF (as like you, I didn't need the $ in the "immediate future") and the tax benefit was helpful.
by mass_biker
Wed Jan 24, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 6541

Re: Your bond allocation when you were 48

I am 47. I estimate 95% stocks The 5% bonds is my muni holdings in my taxable account in an amount equivalent to my outstanding mortgage. As long as I can earn > on a tax equivalent basis than my mortgage rate, I'll keep them. It also provides me with immediate liquidity if anything goes pear shaped...
by mass_biker
Wed Jan 17, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Company moving profit sharing from 401k to deferred compensation plan
Replies: 5
Views: 621

Re: Company moving profit sharing from 401k to deferred compensation plan

My company had the same - "Non Qualified Deferred Compensation" Plan. 409A I believe. I used it during years when I had large RSUs vesting (which I could not control, nor defer). Originally my company would contribute a piece of base comp to the plan (3 year vest) but they took that benefit away. Ho...
by mass_biker
Sun Jan 14, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 2680

Re: Sell or Keep a rental condo

Can someone help me with this analysis - comparable framework to the OP. Purchase price = 500k Improvements = 300k Have rented it out for 8 years, so assume depreciation is as follows 500k + 300k = 800k over 30 years - so...800/30 = 27/year x 8 = 216k in total reduction of basis Thus, current basis ...
by mass_biker
Sat Jan 06, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 8997

Re: How much are you putting in a 529?

We aim to have contributed 100k per kid (we have 3) by their 5th birthday - assuming we have maxed out other buckets (401k, TIRA etc.) No exact science. Since we moved to a state that allows a modest tax credit on contributions, we also add that amount each year per 529. Our asset allocation for the...
by mass_biker
Thu Jan 04, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Investment property in Boston
Replies: 8
Views: 951

Re: Investment property in Boston

The suggestion to put the proceeds into a 3 fund VGD portfolio got me thinking. We bought our property in Boston some 18+ years ago, lived in it for 9 years, and have rented it out for about 9 years. Thus, the "live in it for 2 of the last 5" tax language does not apply to us. But please challenge m...
by mass_biker
Wed Jan 03, 2018 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Investment property in Boston
Replies: 8
Views: 951

Re: Investment property in Boston

1031 exchange sounds good - that is high on the list as I work through the final year of the tenant's lease
moving back in would be great if we lived closer (we are several states away) - so #1 sounds like the right path
by mass_biker
Wed Jan 03, 2018 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Investment property in Boston
Replies: 8
Views: 951

Re: Investment property in Boston

Have owned one for the past 8+ years. Onto our latest tenant who has been great. But the property is getting on in years and little things come up here and there. After a call today on a weather related item, I am seriously considering moving on and redeploying the capital into an index fund. If onl...
by mass_biker
Sat Dec 30, 2017 6:08 pm
Forum: Personal Consumer Issues
Topic: Another car thread - old ones?
Replies: 14
Views: 1055

Another car thread - old ones?

The wonderful back and forth on cars recently got me thinking - Assuming all finances are a-ok (EF, max tax deferred, 529s, no CC etc., assume 7 figure tax deferred and 7 figure taxable) anyone gone down the path of buying a semi-vintage car as the N+1 for daily driving - think, old Landcruiser or L...
by mass_biker
Wed Dec 27, 2017 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: How to use 529s down the line?
Replies: 1
Views: 468

How to use 529s down the line?

Assuming you have already maxed out amounts contributed to [i]your[/i] childrens' plans, could you 1) set up a new 529 and superfund it 2) name yourself as beneficiary 3) use said 529s 30+ years from now to withdraw - monies out for K-12 private school for grandkids ($10k/year tax free, right) if th...
by mass_biker
Sun Dec 24, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Mercedes S Class: Reliability and Extended Warranty
Replies: 14
Views: 1561

Re: Mercedes S Class: Reliability and Extended Warranty

Per earlier recommendation on service records from Carfax - clean (i.e. just regular maintenance).

One owner, bought in 2014, driven <4k miles/year.

So far fewer miles than a typical car its age. CPO should provide some peace of mind so wondering if it is worth springing for extra coverage.
by mass_biker
Sun Dec 24, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: Mercedes S Class: Reliability and Extended Warranty
Replies: 14
Views: 1561

Re: Mercedes S Class: Reliability and Extended Warranty

Also curious here - considering a CPO AMG that is 3 years old with <15k miles on it and wondering if it is worth sticking with the "base" CPO or adding an aftermarket warranty. Annual mileage for me is typically low (<10k).
by mass_biker
Sat Dec 02, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Company just introduced non qualified deferred compensation plan
Replies: 8
Views: 1072

Re: Company just introduced non qualified deferred compensation plan

I have used my company's NQDC for the past 8+ years. I chose, for distribution on a separation in service, "re-deferral" - which means upon a separation in service, I can defer the first distribution for 5 years, and then the amounts are paid out over 5 years. If this choice is available, I would ta...
by mass_biker
Tue Nov 28, 2017 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Expecting high income in 2018 ($1m+) looking for advice
Replies: 16
Views: 3435

Re: Expecting high income in 2018 ($1m+) looking for advice

Adding to the congrats roll-call... 1) pay yourself - take 2/3ds and put it into simple, tax efficient funds (for me, it is 2/3s stock funds, 1/3 munis). 2) prefund a massive 529. Reading through your post, no kids, and while this will not result in a deduction in your AGI, in the years you got it, ...
by mass_biker
Tue Nov 07, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Stuck between rock and hard place
Replies: 16
Views: 2638

Re: Stuck between rock and hard place

We were in the same position - owned a high performing (but high tax bite) Vanguard fund - one that my wife (then girlfriend) and I each bought a little of some 25 years ago. We just went ahead and set up a charitable fund (at Vanguard) and used these fund holdings to seed it to the low-six digit ra...
by mass_biker
Mon Oct 30, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Delayed compensation benefits?
Replies: 14
Views: 1164

Re: Delayed compensation benefits?

I am using this. I have the option of deferring 50% of base and 100% of bonus. My plan also offers the option to re-defer the first distribution (yearly, over five years) for five years after a separation of service. Eyeballing how this could work, this could end up being the bridge between retiring...
by mass_biker
Thu Oct 26, 2017 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 14547

Re: Request for Promotion letter to Senior Management

I would not send that letter. That letter lays out a good rationale as to why [i]you[/i]believe you are qualified for a promotion, but a more concise and direct case has to be made to the key decision maker. 1) communicate your ambition - in the case of my current work organization, a key contributo...
by mass_biker
Mon Oct 16, 2017 9:38 pm
Forum: Personal Consumer Issues
Topic: How did you rise into the Executive Ranks?
Replies: 19
Views: 4339

Re: How did you rise into the Executive Ranks?

My 2 cents: - ask for it; no-one knows you want to do it unless you ask for it; otherwise folks assume you like where you are even though you are a high performer - be willing to go sideways to ultimately move up; sometimes you have to broaden your skill set before you get a chance to do more - get ...
by mass_biker
Sat Sep 16, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: NQ 401k questions.
Replies: 3
Views: 309

Re: NQ 401k questions.

Answer is "nothing you can do". For us, it is a NQDC (non qualified deferred comp) plan. Mine is set up as upon separation of service, there is a period (5 years) that you defer initial distributions, which then pay out over the next 5 years (i.e. start on the 5th anniversary of seperation). I've us...
by mass_biker
Tue Aug 22, 2017 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder considerations
Replies: 5
Views: 748

Re: Muni bond ladder considerations

Re: VWIUX, that was my gut.

1) fees are low
2) daily liquidity with no bid/ask like individual munis

Appreciate the feedback - I'll stick with what I have.
by mass_biker
Tue Aug 22, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder considerations
Replies: 5
Views: 748

Re: Muni bond ladder considerations

Tuition being paid only with interest to date...no use of principal. So pay as you go. Was thinking of creating bond ladder so as to use time value of money to fund lump sums as they come due. So far, the combo of rental income and monthly income from VWIUX does the trick, but wondering if could mak...
by mass_biker
Tue Aug 22, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder considerations
Replies: 5
Views: 748

Muni bond ladder considerations

We utilize rental income as well as monthly distributions from VWIUX etc. to fund ongoing private school tuition payments for our kids. The way it works now is that the net CF from the rental property, as well as monthly muni bond fund distributions hit the checking account and this is then tapped f...
by mass_biker
Mon Jul 31, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Non Qual Wrinkle - anyone with experience?
Replies: 1
Views: 312

Non Qual Wrinkle - anyone with experience?

I have been contributing to my non qual plan for the past 8 years as a bridge between ER and RMDs...flash forward, my company is in the process of being sold and it looks like this will trigger a distribution on a separation of service. Some years ago, I sought to mitigate this potential risk by re-...
by mass_biker
Sun Jul 16, 2017 4:39 am
Forum: Personal Consumer Issues
Topic: Urgent 1st world problem [coffeemaker]
Replies: 48
Views: 4169

Re: Urgent 1st world problem [coffeemaker]

Highly recommend Technivorm Moccamaster.
The only drip coffee maker worth considering.
Fast, reliable, and HOT.
I have the glass carafe/warming unit.
This is my go-to caffeine device. And this is one circumstance when paying more does make a difference.
by mass_biker
Mon Jun 12, 2017 6:23 am
Forum: Personal Finance (Not Investing)
Topic: bike rack quick release?
Replies: 9
Views: 1240

Re: bike rack quick release?

If you have a 2" trailer hitch - and don't mind getting a new bike rack - the best, bar-none is the 1-up USA bike rack.

http://www.1upusa.com/product-SDquikrackblack.html

Really simple to take on and off. And easy to fold relatively flat/compact against the back of your vehicle.
by mass_biker
Thu May 18, 2017 3:42 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 15898

Re: For those with $500k-$1m in investments...

60% tax deferred/40% taxable.
I include the 529s in tax deferred.
And within taxable, there is a healthy slug of tax exempt munis.
by mass_biker
Wed May 10, 2017 10:14 pm
Forum: Personal Consumer Issues
Topic: Bicycling Delaware Maryland Pennsylvania
Replies: 13
Views: 1252

Re: Bicycling Delaware Maryland Pennsylvania

Did you say "yes" killer hills or "no". 1) If the former, then I heartily recommend the recently repaved roads in/around the Prettyboy Reservoir north of Baltimore. Up 15%/down 15%. Repeat until exhausted. Roads. But relatively lightly trafficked. 2) If the latter, then I recommend the NCR trail tha...
by mass_biker
Tue May 09, 2017 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: How much to contribute to deferred compensation?
Replies: 9
Views: 2490

Re: How much to contribute to deferred compensation?

NQDC: I have been using this for the past 8+ years; I did have this at the old gig though. Our current program allows healthy deferral - up to 50% base and 100% bonus. Enabling assumption is of course is the solvency of your employer as you are an unsecured creditor. If you are in a situation where ...
by mass_biker
Tue Apr 25, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: 529- should I stop contributing?
Replies: 46
Views: 6718

Re: 529- should I stop contributing?

I have 3 kids. I began 529s for each at birth. Goal was to get to $100k in contributions/each by their 5th birthday (at the outside) and then let it ride. The thinking here was try to get a large amount into these funds as early as possible to get time to do the heavy lifting for me. Since kid #1 ca...
by mass_biker
Tue Apr 11, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford private school tuition
Replies: 42
Views: 4551

Re: Can we afford private school tuition

We have 2 - soon to be 3 - in private school. Not our original inclination, but it has worked out well for the kids. A couple of observations: 1) private school is a choice - as such, you have to chose to do other things (or less) of other things. That means no new cars (we do not carry a car paymen...
by mass_biker
Thu Apr 06, 2017 6:56 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 14545

Re: High Income earners, whats your Tax Strategy?

Re: Works really well if you leave your employer for any reason, including switching jobs, then it all gets paid out in one lump sum, potentially putting you in an even higher tax bracket! :oops: *** Some NQDC plans - like ours - have a feature that allow for a deferral of the distribution upon a se...
by mass_biker
Thu Apr 06, 2017 5:51 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 14545

Re: High Income earners, whats your Tax Strategy?

Ditto the NQDC strategy - I use this to offset when RSUs vest/pay out (as those are non-deferrable).
by mass_biker
Sun Mar 12, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Just laid off - what to do
Replies: 76
Views: 13839

One more suggestion

Went through this in my early 40s...investment business...Great Recession. Boom. Per another poster's suggestion: network, network, network. I had worked at my prior employer 10+ years. My network was rusty. So I treated restarting it as a full time job. One thing led to another, and... ...into my n...
by mass_biker
Wed Feb 22, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation - Tax Management
Replies: 8
Views: 1834

Re: Deferred Compensation - Tax Management

Ditto on check the rules. Our plan allows for 50% of base deferral and up to 100% of bonus deferral. I have used the plan to help smooth out years when there are large RSU grants vesting (typically on the 3d year) that can't be deferred. Since I set the deferral amounts once a year, and have decent ...
by mass_biker
Sun Feb 19, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred compensation plan default risk
Replies: 20
Views: 2397

Re: Deferred compensation plan default risk

If you have the option of a non qual plan and the only choice within it is (employer) company stock - pass. Not only are you an unsecured creditor to the company but the investment itself is in the equity of the company which itself is subordinated to your claim! An unreasonable amount of risk given...
by mass_biker
Sun Feb 19, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Deferred compensation plan default risk
Replies: 20
Views: 2397

Re: Deferred compensation plan default risk

Deferred comp plans are non qualified. Your contributions may go into mutual funds or company stock. In either case, these plans are essentially an unsecured obligation of the company and are subordinated to secured obligations (i.e. a bank line that may be drawn) and often are pari passu with publi...
by mass_biker
Tue Feb 14, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Need investment advice for a high tax bracket NYC resident
Replies: 13
Views: 2016

Re: Need investment advice for a high tax bracket NYC resident

Similar spot...CFA charterholder, investment professional, fair amount of income volatility over the past 20+ years, lots of restrictions on individual stocks ("restricted list") etc. 1) max out your IRA and TRAD - which you do. Do not underestimate the insidious power of the compounding of fees! Pi...
by mass_biker
Sun Feb 12, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Putting 1 million to work short term (3-4 years))
Replies: 14
Views: 3093

Re: Putting 1 million to work short term (3-4 years))

Same position - TE portfolio is ~ 2m+ (between 401k, tIRA, 529s and a NQ plan) and taxable portfolio is about 1.5m+. There is another 0.5m+ in RSUs/employer related holdings that will also come due in the coming year. These tend to re-up every few years so there is a chunky cadence to these increase...
by mass_biker
Sat Feb 04, 2017 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off a rental property
Replies: 14
Views: 2245

Re: Paying off a rental property

Great feedback all - thanks. On the one hand: I'd like to keep things simple, take the $350k, pay off the rental mortgage, and see a doubling in the monthly CF. On the other hand: there is some benefit in taking the $350k, finding another property and hoping it works out as well as the first one (wh...