Search found 16 matches

by talldave
Sun Mar 15, 2015 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA married limits
Replies: 13
Views: 1646

Re: Roth IRA married limits

Thanks DSI (and all) this is very helpful! I will call Vanguard tomorrow to recharacterize $11k and then later backdoor that amount. I have no other IRA accounts. I do have a 401k but I started a new job and can't rollover until my new 401k starts in 3 months.
by talldave
Sun Mar 15, 2015 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA married limits
Replies: 13
Views: 1646

Re: Roth IRA married limits

When you are married, there is no such thing as your individual MAGI. There is only your joint MAGI, since you are filing taxes jointly. Since your joint MAGI is over $191,000 , neither of you is eligible to contribute to the Roth IRA. Thus, you have excess Roth IRA contributions. You should withdr...
by talldave
Sat Mar 14, 2015 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA married limits
Replies: 13
Views: 1646

Roth IRA married limits

I'm a bit confused on the language I find on the web. I got married last year and will be doing taxes as Married filing Jointly for the first time. In January, I contributed $5500 to my Roth IRA as I have done for the past 5 years. I also contribute to my employer's 401k, fyi although I don't think ...
by talldave
Thu Dec 13, 2012 1:55 am
Forum: Personal Consumer Issues
Topic: Decent guitar for a beginner
Replies: 48
Views: 3973

Re: Decent guitar for a beginner

Borrow first. If she loves it, get her one that is just right.
by talldave
Thu Dec 13, 2012 1:44 am
Forum: Personal Consumer Issues
Topic: Looking for advice to reduce / avoid "clutter"
Replies: 88
Views: 13860

Re: Looking for advice to reduce / avoid "clutter"

Get rid of the shelf, the stuff will follow.

I assume you've seen this site http://unclutterer.com/

What clearwater said.
by talldave
Mon Dec 03, 2012 1:57 am
Forum: Personal Finance (Not Investing)
Topic: managing my windfall
Replies: 12
Views: 2858

Re: managing my windfall

Atkinson, What a wonderful, well-answered response. Thank you. It's great for me to see points made concisely. I understand everything you've said. I did not know I/EE Bonds were principal protected, good to know. For I-Bonds, looks like I can contribute 10k per calendar year, as can my LLC. Rate ne...
by talldave
Sun Dec 02, 2012 8:45 pm
Forum: Investing - Theory, News & General
Topic: retro market analysis
Replies: 10
Views: 741

Re: retro market analysis

I think looking back is a bad idea, offhand the only good I can see coming from it is if it makes you look back less in the future. I'm seeing this as an education opportunity. When I chose 5 funds for my 401k, I picked a couple stable and a couple risky, everything at 20% allocation, and called it...
by talldave
Sun Dec 02, 2012 3:08 pm
Forum: Investing - Theory, News & General
Topic: retro market analysis
Replies: 10
Views: 741

Re: retro market analysis

It seems "backtest" is the search phrase I'm looking for. Thanks! It also seems I may not actually know the fund names as previously thought. For example, one of my funds is "SSgA Russell Small Cap Index Fund - Class A", where can I find it's historical performance? m I assume I ...
by talldave
Sun Dec 02, 2012 1:45 pm
Forum: Investing - Theory, News & General
Topic: retro market analysis
Replies: 10
Views: 741

retro market analysis

It seems like this question would have come up often, but perhaps I'm not searching the right terms. New guy (me) to the forum and investing, would like to know if there is a tool that will show you if you had done your Asset Allocation this way instead of that way, this is what your account value w...
by talldave
Sun Dec 02, 2012 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: managing my windfall
Replies: 12
Views: 2858

Re: managing my windfall

I've now learned that investing 67.5k for the short-term is also basically "parking". I found these two leads which have been very helpful (in addition to your previous posts above!)

https://www.google.com/search?sitesearc ... park+money

http://www.fool.com/personal-finance/sa ... -cash.aspx
by talldave
Thu Nov 22, 2012 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Home appraisal came in super low, worth it to pay down?
Replies: 41
Views: 4095

Re: Home appraisal came in super low, worth it to pay down?

I closed my Los Angeles home sale last month. The appraisal we got was also low, and almost killed the deal. Check out this recent news article regarding this appraisal trend m In my situation, I listed at $420, got 3 offers in first week, accepted one at $415. Appraisal came in -$20,000 at $395. Bu...
by talldave
Thu Nov 22, 2012 1:39 am
Forum: Personal Finance (Not Investing)
Topic: managing my windfall
Replies: 12
Views: 2858

Re: managing my windfall

Thanks for the feedback. Revising things with further input, I'm now considering this: 85k - 6k Emergency Fund (2 mos. expenses). Start monthly contributions until 18k is reached (6 mos. expenses) - 10.5k Open Roth IRA. Deposit 5k Dec 2012, 5.5k Jan 2013. - 1k Open Business checking account for on-t...
by talldave
Wed Nov 21, 2012 3:29 am
Forum: Personal Finance (Not Investing)
Topic: managing my windfall
Replies: 12
Views: 2858

Re: managing my windfall

Thanks for the feedback everyone. I forgot to mention, I have Boglehead's Guide to Investing on Kindle and read the Windfall chapter last night. Very helpful. DaveS, are you suggesting I not put any towards an emergency fund? Instead, start growing that with monthly savings? I'm okay with that idea ...
by talldave
Tue Nov 20, 2012 6:43 pm
Forum: Personal Consumer Issues
Topic: internet price search engine
Replies: 7
Views: 1127

Re: internet price search engine

For used products, check http://priceonomics.com/
by talldave
Tue Nov 20, 2012 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: managing my windfall
Replies: 12
Views: 2858

managing my windfall

Hello Bogleland ~ I'm looking for some general guidance. What are your thoughts on my plan below? I sold my home last month. After realtors and debt were paid off, I have 85k net to manage. I realize that its not a lot of money. I also realize that it is more money than I've ever had my hands on bef...
by talldave
Mon Nov 05, 2012 11:48 am
Forum: Investing - Theory, News & General
Topic: Your Best One Line of Wisdom
Replies: 238
Views: 19170

Re: Your Best One Line of Wisdom

"Once you get to the top of the mountain, you gotta keep on climbing." -Jack Kerouac