Search found 141 matches

by inittowinit
Sat May 02, 2020 7:16 pm
Forum: Personal Investments
Topic: Amount to keep in cash
Replies: 18
Views: 2485

Re: Amount to keep in cash

It depends so much on your individual situation -- age, expenses, employment situation/prospects, overall net worth, housing arrangement, etc. For me: I had an aggressive FIRE mindset in my 20's and built up very healthy retirement account balances during that time. Then 2 years ago, I switched care...
by inittowinit
Mon Apr 13, 2020 5:48 pm
Forum: Investing - Theory, News & General
Topic: What's behind huge layoffs at unicorns?
Replies: 81
Views: 7742

Re: What's behind huge layoffs at unicorns?

Well, it's not a unicorn, but I work at a small fintech startup that helps people in financial distress, and we plan to take advantage of the labor market 180 to staff up on ex-unicorn employees :D
by inittowinit
Mon Mar 23, 2020 6:36 pm
Forum: Investing - Theory, News & General
Topic: Young investors, how do you feel about your 1st market crash?
Replies: 132
Views: 8896

Re: Young investors, how do you feel about your 1st market crash?

I'm 30, been investing 10 years. This is more or less playing out in line with what I've been prepared for by the many Bogleheads posts and finance books I've read over that time. I'm staying the course with my current investments, but keeping all new savings in cash to prepare for potential layoffs...
by inittowinit
Sun Mar 01, 2020 9:05 pm
Forum: Personal Consumer Issues
Topic: How Do you Exercise Indoors?
Replies: 127
Views: 9606

Re: How Do you Exercise Indoors?

Jumping rope. Awesome cardio, full body workout, easier on the knees than running, and super fun! I recommend Crossrope for the boglehead truly seeking a top of the line jump roping experience.
by inittowinit
Fri Jan 31, 2020 7:52 pm
Forum: Personal Consumer Issues
Topic: Examples of Low Tech Improving Your Life
Replies: 207
Views: 17486

Re: Examples of Low Tech Improving Your Life

I'm still using my iPhone 6S. +1 New software updates make it seem like a brand new phone! And I've learned lots of ways to reduce battery drain by turning off unnecessary features I couldn't care less about. I will admit I've been battling the update bug recently as I've been reading about the pot...
by inittowinit
Thu Aug 08, 2019 4:42 pm
Forum: Personal Investments
Topic: Roth IRA Income Limit Question
Replies: 14
Views: 1070

Re: Roth IRA Income Limit Question

Here is a link with an easy way to determine whether you're eligible to contribute: https://www.rothira.com/roth-ira-rules If you are over the limit you may still be able to make a "backdoor" Roth IRA contribution: https://www.investopedia.com/terms/b/backdoor-roth-ira.asp At a high level though, if...
by inittowinit
Sat Aug 03, 2019 11:49 am
Forum: Investing - Theory, News & General
Topic: Financial Calculator
Replies: 12
Views: 1398

Re: Financial Calculator

I'm a financial planner and use an HP10bII+. I think it's great and easy to use (I use it daily). That said, I don't think it matters so much which financial calculator you use as long as you get enough experience with using it to know how to do so quickly and accurately.
by inittowinit
Mon Dec 24, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Confused on Capital Gains Tax Rate
Replies: 7
Views: 884

Re: Confused on Capital Gains Tax Rate

Here is a helpful answer to a similar question on TurboTax:

https://ttlc.intuit.com/questions/41621 ... ket-i-m-in
by inittowinit
Mon Jun 18, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 55
Views: 6663

Re: Do you cancel old credit cards?

I keep most non-AF cards. I downgrade AF cards to non-AF versions when possible if I cannot justify the ongoing AF (i.e., I just got the card for the signup bonus). I retain some AF cards with high quality perks. I currently have the following AF cards: Chase Southwest Premier (6k annual point bonus...
by inittowinit
Wed Jun 13, 2018 1:29 pm
Forum: Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 10582

Re: Getting killed on taxes - any ideas?

R2D2 wrote:
Wed Jun 13, 2018 12:49 pm
The hostility and self-righteousness in the responses is very disappointing. So are the excuses given for it.
Agreed.

OP, here is a thread that contains resources you might find of use:

viewtopic.php?p=3155#3155
by inittowinit
Mon Jun 04, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 22478

Re: Top Shelf Liquor Overrated?

I am willing to pay the premium for top shelf single malt scotch (Caol Ila, Lgavulin, Talisker, etc.). For bourbon and most other whiskey I do not notice enough of a difference between mid- and top-shelf to pay the extra money. One exception is Johnnie Walker Black, which continues to hit my sweet s...
by inittowinit
Fri Jun 01, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: AADvantage Aviator RedWorld Elite MC
Replies: 8
Views: 816

Re: AADvantage Aviator RedWorld Elite MC

b) there is no limit on the number of times you can earn the signup bonus for this card. As such, you can "churn" the card quickly to earn a lot of miles fast. You sure that's true for the Barclay version? Certainly is for the Citi AA card, but I thought Barclay is much stingier. Yes, at least as o...
by inittowinit
Fri Jun 01, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: AADvantage Aviator RedWorld Elite MC
Replies: 8
Views: 816

Re: AADvantage Aviator RedWorld Elite MC

I found the best aspects of this offer to be that a) the card has no minimum spend, and b) there is no limit on the number of times you can earn the signup bonus for this card. As such, you can "churn" the card quickly to earn a lot of miles fast. I earned the 60,000 signup bonus three times in 2017...
by inittowinit
Thu May 24, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Late 20's small business owner looking for career change
Replies: 13
Views: 1413

Re: Late 20's small business owner looking for career change

This is very cool to read. I'm also in my late 20's and pivoting to a career in financial planning (currently a management consultant). My strategy is to pass the Certified Financial Planner (CFP) exam (in the process of fulfilling the education requirements). Still unsure whether I will try to star...
by inittowinit
Wed May 16, 2018 12:14 pm
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 140
Views: 18884

Re: The front page is ugly

I disagree w/ OP. The home page serves its purpose perfectly. Change nothing plz.
by inittowinit
Sun May 13, 2018 2:11 pm
Forum: Personal Investments
Topic: How to Exchange Funds in Roth IRA w/o penalty
Replies: 4
Views: 810

Re: How to Exchange Funds in Roth IRA w/o penalty

Just exchange the funds. As long as they remain inside the Roth IRA no tax or penalty is incurred. I do exactly what you are proposing at vanguard multiple times a year.
by inittowinit
Thu May 10, 2018 1:17 pm
Forum: Personal Investments
Topic: LT Muni Bonds: buy and sell anytime? Rookie.
Replies: 11
Views: 1132

Re: LT Muni Bonds: buy and sell anytime? Rookie.

A bond fund can be sold on any day the market is open. However, you might lose a substantial amount of money by investing in long term municipal bonds. Losses will occur if the yield to maturity of similar bonds rises, by defaults, and due to poor liquidity of the underlying bonds in times of crisi...
by inittowinit
Thu May 10, 2018 1:14 pm
Forum: Personal Investments
Topic: Taxable Vanguard Account Total Bond Market vs Municipal Bonds for 24% tax bracket
Replies: 10
Views: 1487

Re: Taxable Vanguard Account Total Bond Market vs Municipal Bonds for 24% tax bracket

You can do the math to determine the "equivalent taxable yield" of a muni fund. The equation is: Equivalent Taxable Yield = Tax-Free Muni Bond Yield / (1 - Marginal Tax Bracket) Make sure to use your combined state and federal marginal rate (if applicable). Knowing the Equivalent Taxable Yield enabl...
by inittowinit
Wed May 09, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: <Future> Marketable Skills
Replies: 16
Views: 2212

Re: <Future> Marketable Skills

livesoft wrote:
Wed May 09, 2018 4:10 pm
Managing other people will never go out of style.

+1

Effective management techniques hold their value quite well, as long as you can find an employer willing to recognize them and compensate you accordingly.
by inittowinit
Thu Apr 12, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 588
Views: 51581

Re: Name something you bought that wasn't cheap and glad you did

MacBook Pro

Bought it ~8 years ago while in college. Replaced the hard drive with a SSD, replaced the battery, and upgraded the RAM a couple years ago (total cost ~$250). Still runs like new.
by inittowinit
Thu Apr 12, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 15610

Re: Wanting to leave Fidelity

What specific aspects of the service are you hoping to improve? Different companies have different strengths and weaknesses. Before blindly moving to Vanguard, it would be prudent to lay out the services you specifically value. You've implied some of them in your OP, but you may want to take a few m...
by inittowinit
Tue Apr 10, 2018 3:08 pm
Forum: Personal Investments
Topic: I'm thinking about annuities. Tell me if this makes sense.
Replies: 10
Views: 1532

Re: I'm thinking about annuities. Tell me if this makes sense.

I'm sorry for your loss. I agree this plan seems reasonable on its face, especially considering you are only annuitizing ~20% of your assets. It sounds like this plan could meet your needs and reduce your exposure to market volatility (which will likely be good for your health!). Also agree that you...
by inittowinit
Tue Apr 10, 2018 11:36 am
Forum: Personal Investments
Topic: Alternative website for those in lower tax brackets?
Replies: 59
Views: 7156

Re: Alternative website for those in lower tax brackets?

vtMaps wrote:
Tue Apr 10, 2018 11:21 am
One of the most important things I have learned here is how to be in a lower tax bracket. Many folks could pay less tax if they were to follow the tips and tricks I have learned here. I like being in a lower bracket :beer
Amen!
by inittowinit
Wed Apr 04, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: How Scalabale is the 3/4 Fund portfolio?
Replies: 38
Views: 3891

Re: How Scalabale is the 3/4 Fund portfolio?

One's goals would likely shift once such portfolio sizes are reached, such that alternative investment approaches might become preferable. It all depends on one's goals though. For individuals trying to generate a certain annual income amount for a given, finite period of time, I can't foresee many ...
by inittowinit
Wed Apr 04, 2018 2:21 pm
Forum: Personal Investments
Topic: Financial Advisor fees? Am I paying too much?
Replies: 54
Views: 6388

Re: Financial Advisor fees? Am I paying too much?

Even in the professional financial adviser space, 1.55% is a high fee. Appropriate benchmarks for this portfolio would be the S&P 500 or the DJIA. You can get low-fee ETFs that track both these benchmarks: Vanguard's VOO tracks the S&P500 and has an expense ratio of .05%; the SPDR Dow Jones Industri...
by inittowinit
Tue Apr 03, 2018 1:09 am
Forum: Personal Investments
Topic: Roth contribution $5500, Taxable compensation $5499 for 2016. How to fix?
Replies: 17
Views: 3353

Re: Roth contribution $5500, Taxable compensation $5499 for 2016. How to fix?

Can't you just file an amended return with the additional $1 on line 12?
by inittowinit
Tue Mar 20, 2018 3:38 pm
Forum: Personal Investments
Topic: Roth 401(k) vs. Roth IRA
Replies: 41
Views: 4542

Re: Roth 401(k) vs. Roth IRA

JR0, 1) You should never contribute to Roth 401K. Roth IRA is a good idea. 2) Trad. 401K and Roth IRA is the correct combination. KlangFool Thanks. Why do you say to never contribute to a roth 401k? I'm trying to figure out whether to make a contribution to a roth 401k or roth IRA. Assuming you're ...
by inittowinit
Tue Mar 20, 2018 3:33 pm
Forum: Personal Investments
Topic: Roth 401(k) vs. Roth IRA
Replies: 41
Views: 4542

Re: Roth 401(k) vs. Roth IRA

2) Trad. 401K and Roth IRA is the correct combination. Why not traditional IRA? I prefer to lock in deductions now at high marginal rates (~30% state + federal). When I withdraw taxes will begin at a much lower marginal rate (assume no tax law changes), which means a lower effective tax rate over m...
by inittowinit
Tue Mar 20, 2018 2:37 pm
Forum: Personal Investments
Topic: Roth 401(k) vs. Roth IRA
Replies: 41
Views: 4542

Re: Roth 401(k) vs. Roth IRA

2) Trad. 401K and Roth IRA is the correct combination. Why not traditional IRA? I prefer to lock in deductions now at high marginal rates (~30% state + federal). When I withdraw taxes will begin at a much lower marginal rate (assume no tax law changes), which means a lower effective tax rate over m...
by inittowinit
Mon Mar 19, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 249
Views: 41103

Re: Those with high savings rate: why?

I am relatively young (<30) with a long investing time horizon. I save 50% of gross pretax income in order to maximize compound interest's magic. This should allow me to either become financially independent and retire early (if I so choose), or to reduce the need to save in future years thus allowi...
by inittowinit
Mon Mar 19, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: How seriously do you take emergency fund advice?
Replies: 29
Views: 2169

Re: How seriously do you take emergency fund advice?

Listen to KlangFool, he is speaking with wisdom. Is there a chance you will end up a few hundred or thousand dollars ahead by paying off the student loans now? Sure. Is that worth exposing yourself and your children to significant, quality-of-life altering risks such as job loss without an emergency...
by inittowinit
Wed Mar 14, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Filed 2017 taxes electonically for FREE
Replies: 46
Views: 6625

Re: Filed 2017 taxes electonically for FREE

I used H&R Block's free version available through IRS E-file website for 2017 taxes. I was able to submit federal and state (CA) for free -- already received my direct deposit refunds! Went through the whole process and found out they did not support form 1116 (foreign tax credit) which apparently ...
by inittowinit
Mon Mar 12, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Filed 2017 taxes electonically for FREE
Replies: 46
Views: 6625

Re: Filed 2017 taxes electonically for FREE

I used H&R Block's free version available through IRS E-file website for 2017 taxes. I was able to submit federal and state (CA) for free -- already received my direct deposit refunds!
by inittowinit
Sun Mar 11, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: Are Health Savings Accounts (HSA) that require a minimum balance before investing worth it?
Replies: 39
Views: 4527

Re: Are Health Savings Accounts (HSA) that require a minimum balance before investing worth it?

Yes, but there don't seem to be many account administrators that allow you to invest 100% of HSA funds. Looks like Lively is one potential low-fee option: https://www.bogleheads.org/forum/viewtopic.php?t=233372 If you search past forum posts for "hsa administrator" you will find many threads discuss...
by inittowinit
Tue Mar 06, 2018 4:35 pm
Forum: Personal Investments
Topic: Brand New Boglehead-er with a crazy idea
Replies: 20
Views: 3691

Re: Brand New Boglehead-er with a crazy idea

I'm based in the East Bay and would be happy to at least help you think things through and possibly help you identify some fee-only planners who might be willing to work with you. Feel free to PM me.
by inittowinit
Tue Feb 27, 2018 12:04 am
Forum: US Chapters
Topic: Nisiprius at 35,000 posts
Replies: 60
Views: 8461

Re: Nisiprius at 35,000 posts

While we have never met nor spoken directly, I consider Nisiprius a mentor. Since I began reading this forum in my early 20s I have read hundreds (thousands?) of his incredibly thoughtful and well-reasoned posts, and do not think I would have the same critical thinking skills I do today were it not ...
by inittowinit
Sun Feb 18, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Pre- vs post-tax saving: Am I thinking it wrong?
Replies: 25
Views: 2206

Re: Pre- vs post-tax saving: Am I thinking it wrong?

Since discussion of this topic (Roth vs traditional) necessarily entails at least some minor speculation about future tax rate changes, it may also be worth considering the scenario, however unlikely, where a future tax is levied on Roth account withdrawals. I won't go any further than that since I ...
by inittowinit
Fri Feb 16, 2018 5:06 pm
Forum: Personal Investments
Topic: Just finished reading "Bogleheads Guide To Investing" and ready to start asking 101 level questions :)
Replies: 15
Views: 1796

Re: Just finished reading "Bogleheads Guide To Investing" and ready to start asking 101 level questions :)

Seconding use of the Boglehead wiki as a good resource. You will likely find answers to many of your "101" level questions in there, since it has been built by people who were used to being asked those exact same questions.
by inittowinit
Thu Jan 25, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: High Yield Savings Account Recommendations?
Replies: 48
Views: 6739

Re: High Yield Savings Account Recommendations?

I too endorse the Vanguard prime mm fund, if you are okay going without FDIC insurance. I kept our emergency cash there from 1982 until 2009 when yields went to nothing. I switched then to American Express Bank. Lately I have gone back to VG. It seems their rate increases have been a step ahead of ...
by inittowinit
Tue Jan 23, 2018 8:26 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 105
Views: 18724

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

I have a different opinion which I haven't heard mentioned--tho its been implied in a lot of posts here. I think a lot of the new posters (like me) are not proponents of the Bogelhead philosophy. So I don't feel comfortable even commenting on MFs or ETFs. ... ---What I think Bogelheads should do is...
by inittowinit
Thu Jan 11, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 84
Views: 7177

Re: Poll: BHs who rent - what % of gross do you spend on rent?

10.5%

I'm in a VHCOL area but have lucked into cheap housing.
by inittowinit
Wed Jan 10, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: When the rubber hits the road [Progressive Dementia thread with merged updates]
Replies: 108
Views: 10636

Re: The reality hits - my dementia update

Thanks for sharing with us about your struggle. I realize I have never heard directly from someone with dementia about their own condition before. I found your words enlightening and thought-provoking.

Wishing you well.
by inittowinit
Wed Jan 10, 2018 4:32 pm
Forum: Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 375
Views: 47685

Re: Anyone tired of the stock market going up?

My portfolio generates about the same income from interest and dividends all the time (and maybe goes up gradually) regardless of the market value of the underlying securities. That's what the portfolio is for, generating income. So I rationalize that I can happily ignore the market, up or down. Ed...
by inittowinit
Tue Jan 09, 2018 7:59 pm
Forum: Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 375
Views: 47685

Re: Anyone tired of the stock market going up?

My portfolio generates about the same income from interest and dividends all the time (and maybe goes up gradually) regardless of the market value of the underlying securities. That's what the portfolio is for, generating income. So I rationalize that I can happily ignore the market, up or down. Ed...
by inittowinit
Fri Dec 15, 2017 6:52 pm
Forum: Personal Investments
Topic: 28 Years Old: In the current market, what % into bonds?
Replies: 56
Views: 5486

Re: 28 Years Old: In the current market, what % into bonds?

Piling on with another data point. I'm also 28 and the AA of my investable assets is 95/5. If I count the balance in my DB pension account as a bond, I am at 85/15. The correct AA for you is whatever lets you sleep at night while still giving you a decent likelihood of achieving your long-term goals.
by inittowinit
Fri Dec 15, 2017 2:29 am
Forum: Personal Consumer Issues
Topic: To buy or not in the SF Bay Area (yes another one)
Replies: 24
Views: 3399

Re: To buy or not in the SF Bay Area (yes another one)

But we do keep hearing the siren call of buying. What is it that makes buying attractive to you? I live in SFBA and have never entertained the notion of buying a house because the rent/buy calculations in this area clearly favor renting (IMO). In the op’s case this is probably true,but to make that...
by inittowinit
Wed Dec 13, 2017 1:23 pm
Forum: Personal Consumer Issues
Topic: To buy or not in the SF Bay Area (yes another one)
Replies: 24
Views: 3399

Re: To buy or not in the SF Bay Area (yes another one)

Lynx310650 wrote:
Wed Dec 13, 2017 12:38 pm
But we do keep hearing the siren call of buying.
What is it that makes buying attractive to you?

I live in SFBA and have never entertained the notion of buying a house because the rent/buy calculations in this area clearly favor renting (IMO).
by inittowinit
Wed Dec 13, 2017 1:18 pm
Forum: Personal Investments
Topic: I-bonds in December
Replies: 10
Views: 2667

Re: I-bonds in December

You can make I-bond purchases anytime. The new rates are simply announced in May and November. The important deadline is the end of the calendar year, since there is a limit on the amount you can purchase each year (so you'll want to buy before 1/1/18; takes about 30 seconds via TreasuryDirect). Whe...