Search found 202 matches

by cals400ex
Fri Jun 05, 2020 11:59 am
Forum: Personal Investments
Topic: High interest savings account
Replies: 28
Views: 3575

Re: High interest savings account

Those were all good points mentioned. The short term / ultra short term funds through Vanguard always catch my eye. I didn't look up the current rates, but it is convenient to have money in those for times that I want to quickly rebalance or TLH after a downturn. This was the main reason why I previ...
by cals400ex
Fri Jun 05, 2020 10:05 am
Forum: Personal Investments
Topic: High interest savings account
Replies: 28
Views: 3575

Re: High interest savings account

What are your thoughts on Vanguard Short-Term Federal Fund Admiral Shares (VSGDX) or Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX)? I am unsure if there are any restrictions on the amount that I sell at one time or the time-frame I need to wait to pull money out of these? For example, i...
by cals400ex
Thu Jun 04, 2020 11:08 pm
Forum: Personal Investments
Topic: Help with AA and fund choices
Replies: 9
Views: 483

Re: Help with AA and fund choices

I would agree that 50% fixed income is conservative. While I don't know, I am concerned that the worst of the market corrections within the next couple years is not over with yet. For the right or the wrong, slightly more conservative helps me sleep at night.
by cals400ex
Thu Jun 04, 2020 7:13 pm
Forum: Personal Investments
Topic: High interest savings account
Replies: 28
Views: 3575

Re: High interest savings account

Have you considered a short/intermediate bond fund/ETF at a brokerage? You lose the guarantee of absolutely no loss of principal but it's not clear this is for an emergency fund where that matters, and you get all of the other things you want. In particular for "4. Have a decent interest rate." you...
by cals400ex
Thu Jun 04, 2020 5:25 pm
Forum: Personal Investments
Topic: High interest savings account
Replies: 28
Views: 3575

High interest savings account

Hello, I currently keep extra cash in a Vanguard money market fund. The rates are low now, so I'm thinking that I should move to a high interest savings account. I'm looking for these options: 1. Have good customer service. 2. Be able to transfer money from my personal checking account to this high ...
by cals400ex
Thu Jun 04, 2020 4:25 pm
Forum: Personal Investments
Topic: Help with AA and fund choices
Replies: 9
Views: 483

Re: Help with AA and fund choices

My initial thoughts are: Roth IRA: 40% Total stock market index fund, 10% total international stock index fund, 50% total bond market fund Solo 401K: 50% S&P 1500 compost stock market, 50% SPAB- SPDR portfolio aggregate bond etf. Taxable: Sell off VSMAX (small cap index fund) and hold all money in ...
by cals400ex
Thu Jun 04, 2020 3:38 pm
Forum: Personal Investments
Topic: Help with AA and fund choices
Replies: 9
Views: 483

Re: Help with AA and fund choices

Funds set aside for future rental property purchases, especially within 3 years, should be considered "business working capital" and in accounts that protect the principle. That means no bond funds, equity funds, stocks, etc, things with volatility. So; Money Market, high yield savings accounts, Sh...
by cals400ex
Thu Jun 04, 2020 9:04 am
Forum: Personal Investments
Topic: Help with AA and fund choices
Replies: 9
Views: 483

Help with AA and fund choices

Hi, I'm looking for suggestions on my portfolio. Debt: Mortgage- $550/month at 3.625% for 29 years. Rental property- $800/month at 3.75% for 29 years. Tax Filing Status: Single Tax Rate: 24 % Federal, Illinois Resident Age: 37 Desired Asset allocation: Unsure? Possibly close to 50/50. Desired Intern...
by cals400ex
Wed May 27, 2020 1:09 pm
Forum: Personal Investments
Topic: withdrawl from roth ira, 401k, or taxable account
Replies: 0
Views: 139

withdrawl from roth ira, 401k, or taxable account

Hello, I invest in rental properties. I, often times, place extra money into a taxable account instead of a savings account in an attempt to earn more while I am hunting for rental properties. Right now, everything that I have in my taxable account will be a short term gain if I sell it. With the ad...
by cals400ex
Sun May 24, 2020 10:09 am
Forum: Personal Finance (Not Investing)
Topic: what to do with pension from previous job
Replies: 13
Views: 1089

Re: what to do with pension from previous job

Be careful rolling over to an IRA without doing due diligence on the pension options. The rollover is an irreversible step. If the interest earned is 1 percentage point over the t-bill rate or 4.01%, which is it? Is it the maximum of the two? If so, she should leave it in and take the 4.01% return ...
by cals400ex
Thu May 21, 2020 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: what to do with pension from previous job
Replies: 13
Views: 1089

Re: what to do with pension from previous job

It sounds like the option is to roll it to an IRA. Would you recommend the traditional or Roth? I assume taxes would be need paid on the $17k to do the Roth?
by cals400ex
Thu May 21, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: what to do with pension from previous job
Replies: 13
Views: 1089

what to do with pension from previous job

Hi, my girlfriend has a pension from her old job at that she worked and she received paperwork with a few options that she can do. I am not familiar with pensions, so I'm looking for suggestions. She's 35 years old, in the 22% tax bracket, and an Illinois resident. These were the options that she wa...
by cals400ex
Wed Mar 18, 2020 1:04 pm
Forum: Personal Investments
Topic: TLH. vtsax<vlcax <vfiax<??
Replies: 1
Views: 161

TLH. vtsax<vlcax <vfiax<??

I’m running out of TLH index funds to use. Any suggestions on the next fund? VDADX? I’m ok using small or medium cap funds if it comes down to it.
by cals400ex
Mon Mar 16, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: Will 2 transactions on same day trigger wash sale?
Replies: 5
Views: 306

Re: Will 2 transactions on same day trigger wash sale?

Since I would be purchasing VFINX twice in one day, I just wanted to make sure that wouldn't create a wash sale. The plan is to Exchange VLCAX to VFINX in one transaction. The second transaction today would be to sell AMZN and then buy VFINX.
by cals400ex
Mon Mar 16, 2020 12:38 pm
Forum: Investing - Theory, News & General
Topic: Will 2 transactions on same day trigger wash sale?
Replies: 5
Views: 306

Will 2 transactions on same day trigger wash sale?

I'm looking to TLH. I want to exchange VLCAX (large cap) to VFINX (500 index fund). However, I also have some Amazon stock (AMZN) that I want to sell and then buy more VFINX. I'm not sure how quickly the funds from the AMZN sale will be placed into my money market account so I can purchase more VFIN...
by cals400ex
Thu Feb 06, 2020 8:08 pm
Forum: Personal Investments
Topic: Money market vs. more risk?
Replies: 6
Views: 623

Re: Money market vs. more risk?

I should have mentioned that I need the flexibility of pulling the money out quickly, if needed.
by cals400ex
Thu Feb 06, 2020 7:14 pm
Forum: Personal Investments
Topic: Money market vs. more risk?
Replies: 6
Views: 623

Money market vs. more risk?

Hi, I currently hold VMFXX (Vanguard Federal Money Market Fund). I use the money that I have in this fund to buy rental properties when I find a deal worth pursuing. A little bit more about me: I currently have ~$75k in the account, I’m in the 24% tax bracket, and I’m an Illinois resident. I have se...
by cals400ex
Fri Nov 22, 2019 4:15 pm
Forum: Personal Investments
Topic: 401k was terminated, can I roll into a roth or trad. IRA?
Replies: 12
Views: 759

Re: 401k was terminated, can I roll into a roth or trad. IRA?

Start a side job making from $1 to whatever. Open an individual 401(k) for it in 2019. Roll your current 401(k) into your new individual 401(k) in 2019. Don't forget to fill out Schedule C for 2019 tax year etc for your new sole proprietorship. Of course, keep your day job, too. What’s the benefit ...
by cals400ex
Fri Nov 22, 2019 1:40 pm
Forum: Personal Investments
Topic: 401k was terminated, can I roll into a roth or trad. IRA?
Replies: 12
Views: 759

Re: 401k was terminated, can I roll into a roth or trad. IRA?

To answer a few questions: I have not done the back door roth for 2019, yet. I can not wait until 2020 to roll over my 401k, it has to be done this year. I assume the next best option would be to open a traditional IRA and max that out for 2019?
by cals400ex
Fri Nov 22, 2019 11:57 am
Forum: Personal Investments
Topic: 401k was terminated, can I roll into a roth or trad. IRA?
Replies: 12
Views: 759

401k was terminated, can I roll into a roth or trad. IRA?

My employer recently terminated their 401K. I am still employed at this job. I have the option to roll over the 401k balance to any institution of my choice. I just can't roll it into the simple ira (my employer's simple ira plan will be active in January 2020). I do not currently have a simple ira ...
by cals400ex
Tue Nov 05, 2019 1:04 pm
Forum: Personal Investments
Topic: Employer switching from 401k to sIRA
Replies: 4
Views: 505

Re: Employer switching from 401k to sIRA

How do I know if I can do a tax free rollover of the pretax balances to a nonIRA employer plan? I’m a bit confused how I can roll my full employer 401k balance into a non-employer plan? For example, I do keep my Roth IRA and my taxable funds at Vanguard and would like to roll over my employer 401k b...
by cals400ex
Sat Nov 02, 2019 11:19 pm
Forum: Personal Investments
Topic: Employer switching from 401k to sIRA
Replies: 4
Views: 505

Employer switching from 401k to sIRA

Hi, my employer is switching from a 401k to a simple IRA. In addition, I generally use a backdoor Roth IRA each year, and that will probably no longer make any sense. Do I have to roll my current 401k balance into the simple IRA or do I have other options? Going forward, is there anything I should k...
by cals400ex
Mon Dec 24, 2018 9:01 am
Forum: Personal Investments
Topic: confirm TLH steps
Replies: 30
Views: 1626

Re: confirm TLH steps

If you held VTSAX in your taxable and Roth IRA accounts, must you turn off reinvest dividends for all accounts? Or just the taxable where you’re TLH at? One doesn't have to turn off reinvesting if one isn't bothered by potential and actual wash sales and knows how to treat them on their tax returns...
by cals400ex
Mon Dec 24, 2018 8:18 am
Forum: Personal Investments
Topic: confirm TLH steps
Replies: 30
Views: 1626

Re: confirm TLH steps

If you held VTSAX in your taxable and Roth IRA accounts, must you turn off reinvest dividends for all accounts? Or just the taxable where you’re TLH at?
by cals400ex
Thu Dec 06, 2018 12:33 am
Forum: Personal Investments
Topic: solo 401k / simple ira / backdoor roth ira options
Replies: 4
Views: 684

Re: solo 401k / simple ira / backdoor roth ira options

Would it be easier if I see if I can opt out of the non-elective employer contributions? I’m not sure if this is legal? But, if I can, I can just open a solo 401k and continue with the backdoor Roth IRA. On a side note, he said the simple Ira would be a 3% non elective employer contribution, just li...
by cals400ex
Wed Dec 05, 2018 12:14 pm
Forum: Personal Investments
Topic: solo 401k / simple ira / backdoor roth ira options
Replies: 4
Views: 684

solo 401k / simple ira / backdoor roth ira options

Hello, I currently have a 401k at my W-9 job, and I just received news that they will be changing to a simple IRA. I also have a 1099 job. I generally do a backdoor roth IRA each year and max out my 401K. I have several questions with my options: 1. Setup a solo 401k for my 1099 job (I'm the only wo...
by cals400ex
Thu Nov 15, 2018 7:29 pm
Forum: Personal Investments
Topic: best method for selling stocks/funds in taxable acct.
Replies: 4
Views: 605

Re: best method for selling stocks/funds in taxable acct.

I've been in the 28% tax bracket in previous years. This year, with the new brackets, I'll be in the 24%.
by cals400ex
Thu Nov 15, 2018 6:11 pm
Forum: Personal Investments
Topic: best method for selling stocks/funds in taxable acct.
Replies: 4
Views: 605

best method for selling stocks/funds in taxable acct.

Hello, I'm looking to sell funds in my taxable account for purchasing a house. I have a variety of stock/bonds/index funds in the taxable account. Some orders were placed within the last year, others were placed over a year ago. In addition, some have yielded net gains, while others are in the red. ...
by cals400ex
Tue Oct 30, 2018 3:50 pm
Forum: Personal Investments
Topic: TLH [Tax Loss Harvesting]
Replies: 13
Views: 1017

Re: TLH [Tax Loss Harvesting]

BTW, this is all in a taxable acct. Also, while I didn't realize it mattered, I do have "index funds" and "stocks" in my taxable account. How would this TLH process change between the two? I changed the cost basis to spec ID today for all stock and index funds in my taxable acct. So, I can see what ...
by cals400ex
Tue Oct 30, 2018 12:49 pm
Forum: Personal Investments
Topic: TLH [Tax Loss Harvesting]
Replies: 13
Views: 1017

Re: TLH

Maybe I'm confused, but I can't sell specific purchases of a fund that has a loss? For example, my gain on VTSAX is positive for the year, but my last two individual purchases have netted a significant loss. Is there no way to sell just those two lot purchases? You'll want to change your cost basis...
by cals400ex
Tue Oct 30, 2018 12:32 pm
Forum: Personal Investments
Topic: TLH [Tax Loss Harvesting]
Replies: 13
Views: 1017

Re: TLH

Maybe I'm confused, but I can't sell specific purchases of a fund that has a loss? For example, my gain on VTSAX is positive for the year, but my last two individual purchases have netted a significant loss. Is there no way to sell just those two lot purchases?
by cals400ex
Tue Oct 30, 2018 12:08 pm
Forum: Personal Investments
Topic: TLH [Tax Loss Harvesting]
Replies: 13
Views: 1017

Re: TLH

How can I tell which purchases are being sold at a loss at Vanguard? Maybe I just need to dig a little deeper on their site, but the overview shows my overall balance of any specific fund - It's not broken down into each individual purchase that I made.
by cals400ex
Tue Oct 30, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Heritage Bank high interest checking?
Replies: 0
Views: 253

Heritage Bank high interest checking?

I was curious if anyone has used Heritage Bank for their high interest checking account? They currently are offering 3.33% APY on balances below $25K and the requirements are: Make 10 or more debit card payments and/or purchases, Have at least one direct deposit or ACH each month, and Receive monthl...
by cals400ex
Tue Oct 30, 2018 10:00 am
Forum: Personal Investments
Topic: TLH [Tax Loss Harvesting]
Replies: 13
Views: 1017

TLH [Tax Loss Harvesting]

I am a little confused on properly TLH. For starters, I realize that you don't necessarily want to sell when a fund is low, but I am trying to understand the logistics behind TLH. For example: 1. If I purchase a fund within this calandar year and there is a loss, I can sell it and report my losses t...
by cals400ex
Sun Oct 28, 2018 12:45 am
Forum: Personal Finance (Not Investing)
Topic: sold condo that was given to me, taxes owed?
Replies: 17
Views: 1477

Re: sold condo that was given to me, taxes owed?

With the tax brackets, I was previously in the 28% and this year I should be in the 24%.

And I’m not sure why the sale was done like it was. I’m
by cals400ex
Sat Oct 27, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: sold condo that was given to me, taxes owed?
Replies: 17
Views: 1477

Re: sold condo that was given to me, taxes owed?

I am already maxed out with the 401k this year. I don't have a traditional IRA, but my roth IRA is maxed for the year. I don't have a HSA. To answer the questions with the timeframe: My parents purchased the condo ~20 years ago. This month they gave each child 1/3 of the condo. This month 2/3's of t...
by cals400ex
Sat Oct 27, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: sold condo that was given to me, taxes owed?
Replies: 17
Views: 1477

Re: sold condo that was given to me, taxes owed?

For determining basis, I would need to factor in what they paid for the property and then subtract any expenses over the years that they owned it? In other words, what goes into determining the basis?
by cals400ex
Sat Oct 27, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: sold condo that was given to me, taxes owed?
Replies: 17
Views: 1477

sold condo that was given to me, taxes owed?

My parents owned a condo that they gave to me, my brother, and my sister. Me and my sister sold both of our portions to my brother for the market value (we each owned 1/3 of market value). All of these transactions happened in a matter of a few days. Overall, it was a gift to us children that we are...
by cals400ex
Mon Sep 03, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: Placing a stop-loss order with vanguard
Replies: 29
Views: 6116

Re: Placing a stop-loss order with vanguard

3. The fee from vanguard is $7.00 for this transaction in addition to the $7.00 fee to buy a stock/eft? No. That is the total commission. No extra charge for stop loss. I must be looking at this incorrectly. I would first need to place a "buy order" for the stock (which is $7.00). Then, from my und...
by cals400ex
Sun Sep 02, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Placing a stop-loss order with vanguard
Replies: 29
Views: 6116

Placing a stop-loss order with vanguard

I just want to make sure that I understand how this works. I first need to either currently hold or I need to buy a stock/ETF/fund, etc. I then go go Sell ETF and stocks (assuming it is a stock/etf). Enter the symbol that I want to place a stop loss on. Enter how many shares that I want the stop los...
by cals400ex
Sun Aug 26, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: building apartment complex....advice needed
Replies: 5
Views: 979

Re: building apartment complex....advice needed

I’d suggest talking to local property managers. They should know what streets their local renters are wanting to live, what quality of building and finishes that renters are looking for, what things renters don’t care about, what layouts are good, what amenities are standard. They would have the be...
by cals400ex
Sun Aug 26, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: building apartment complex....advice needed
Replies: 5
Views: 979

Re: building apartment complex....advice needed

Can you provide some more details? What sized complex are you envisioning? Do you already have a site purchased? I am planning to start with 10-20 units. I want to start at this "smaller" level first. I do not have a site purchased. I want to do as much research first before I determine the exact l...
by cals400ex
Sat Aug 25, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: building apartment complex....advice needed
Replies: 5
Views: 979

building apartment complex....advice needed

Hello, I am interested in building an apartment complex. I have already spoken with an engineer and construction loan officers at banks. I am not sure who can give me good, solid, and trustworthy advice on what areas could use apartments vs what areas are over-saturated? In addition, I am looking fo...
by cals400ex
Fri Mar 02, 2018 11:51 am
Forum: Personal Investments
Topic: Properly calculating "work mileage"
Replies: 2
Views: 384

Properly calculating "work mileage"

I'm a little confused how I should calculate my work mileage. I am an employee. The employer has me take a bank deposit each night to the bank. I am not compensated in any fashion for this. I realize that I can't deduct mileage to and from work. If I go straight from work to home without going to th...
by cals400ex
Tue Jan 09, 2018 4:09 pm
Forum: Personal Investments
Topic: Is VWLTX too risky for bond fund?
Replies: 6
Views: 1245

Is VWLTX too risky for bond fund?

I currently hold VWLTX in a taxable account. I like to keep my AA around 80% stock, 20% bonds. I'm okay with taking more risk for more possible gains with this long term tax exempt fund. However, is this too risky to offset a major market downturn? In other words, how much safer is being invested in...
by cals400ex
Thu Oct 19, 2017 3:13 pm
Forum: Personal Investments
Topic: Relatively safe fund for taxable acct.
Replies: 5
Views: 1060

Re: Relatively safe fund for taxable acct.

Since I’m still wanting some risk, would VWLTX be an acceptable option?
by cals400ex
Thu Oct 19, 2017 7:59 am
Forum: Personal Investments
Topic: Relatively safe fund for taxable acct.
Replies: 5
Views: 1060

Re: Relatively safe fund for taxable acct.

I live in Illinois.
by cals400ex
Thu Oct 19, 2017 12:58 am
Forum: Personal Investments
Topic: Relatively safe fund for taxable acct.
Replies: 5
Views: 1060

Relatively safe fund for taxable acct.

I’m looking for suggestions on a relatively safe fund for a taxable account. I currently have 60% VTSAX and 40% Amazon stock in this account. I may not sell any of these funds for 30 years when I’m in retirement (I’m 35 yo and in the 28% tax bracket and live in Illinois). Or I might sell some for a ...
by cals400ex
Thu Jun 29, 2017 8:02 pm
Forum: Personal Investments
Topic: Buying index fund, what time is the cut-off to be post that day?
Replies: 6
Views: 882

Buying index fund, what time is the cut-off to be post that day?

When purchasing index funds from Vanguard, what time is the cut off for that purchase to be posted the same day? I was thinking it was 4 PM, Eastern time? However, someone told me they thought it was 10 AM when purchasing index funds...I'm not sure that is right though.
by cals400ex
Tue May 09, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: calculating work related mileage as an employee
Replies: 10
Views: 1686

Re: calculating work related mileage as an employee

Thanks for the replies. My boss is actually my brother. We are both dentists, but I'm an employee of his. I'm not going to raise any raise any problems with him. Ultimately, I get paid on collections, so if the deposit doesn't get to the bank then I don't get paid anyway! With that being said, I do ...