Search found 43 matches

by indyfish
Tue Jan 14, 2020 7:38 am
Forum: Personal Finance (Not Investing)
Topic: SECURE Act Estate Planning: T-IRA to Beneficiary vs CRUT?
Replies: 4
Views: 550

Re: SECURE Act Estate Planning: T-IRA to Beneficiary vs CRUT?

Has anyone looked at the pros/cons of using a CRUT vs. naming a person as the IRA beneficiary? I have seen cherry-picked "illustrations" showing the supposed advantage of the CRUT but no data on under what circumstances it is financially advantageous as a family wealth-transfer vehicle. When do the...
by indyfish
Fri Jan 10, 2020 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Does this sound like a solid idea to pay for college?
Replies: 54
Views: 2829

Re: Does this sound like a solid idea to pay for college?

Like, UA Huntsville. 30 ACT gets 100% tuition with a 3.5 GPA. Get a math degree and then move two miles and get a job in the missile defense. Not for out of state. They keep raising the bar every year now that they're filling up. Now it's 34 GPA with a 3.5 GPA. Thanks, an old web page popped up whe...
by indyfish
Wed Oct 23, 2019 2:49 pm
Forum: Personal Investments
Topic: Do Partial Roth Conversions make sense
Replies: 20
Views: 1845

Re: Do Partial Roth Conversions make sense

I think this is a good point, but it needs to be determined that our original poster actually has a "shadow" 27% bracket. I'm not sure any of the qualified dividends are being taxed at 0% since their current tax bracket is stated to be 22%. Yes, but the thread of discussion I was commenting on was ...
by indyfish
Tue Oct 22, 2019 9:05 am
Forum: Personal Investments
Topic: Do Partial Roth Conversions make sense
Replies: 20
Views: 1845

Re: Do Partial Roth Conversions make sense

In this case, it would definitely make sense to convert to the top of the 12% bracket. Perhaps to the top of the 22% tax bracket because under current law the 22% tax bracket returns to the previous 25% bracket in 8 years. This could even be an argument for converting now at 24%. But 22% is a littl...
by indyfish
Tue Oct 22, 2019 6:40 am
Forum: Personal Investments
Topic: Do Partial Roth Conversions make sense
Replies: 20
Views: 1845

Re: Do Partial Roth Conversions make sense

retiredjg wrote:
Mon Oct 21, 2019 3:14 pm
If you retired today and your wife kept working, what would be your tax bracket for 2020?
Today is would be 12%. But there are other factors at play - including a possible future Inherited IRA I may have to deal with which would greatly affect the tax brackets a few years from now.
by indyfish
Mon Oct 21, 2019 12:31 pm
Forum: Personal Investments
Topic: Do Partial Roth Conversions make sense
Replies: 20
Views: 1845

Do Partial Roth Conversions make sense

The basics: Portfolio - about $1.5 million. Asset Allocation - 65% Stocks, 35% Fixed (mostly bonds, some cash) Married - state of Indiana. I am age 50 (as of next month), my wife age 46. I plan to retire within 5 to 10 years, she doesn't want to retire for at least 20 years (has the type of job wher...
by indyfish
Wed Aug 21, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 59052

Re: What is/ was your career and would you recommend it now?

indyfish wrote:
Thu Jun 06, 2019 10:55 am

A lot of the job-satisfaction is heavily dependent on your manager and the organization structure.
This is really true. My job satisfaction improved after my previous manager left and the organization structure changed since my original post in January.
by indyfish
Wed Jul 17, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 102
Views: 6511

Re: College cost prediction and savings for 5, 3, and newborn

The university tuition rates are structured so high that you should be researching how to pay with OPM. Really, OP? Think about this a bit more. Push them toward jobs where "employer pays" at or near 100% of tuition cost. There are PLENTY of those in my state and they aren't going away, either. 529...
by indyfish
Tue Jul 16, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 102
Views: 6511

Re: College cost prediction and savings for 5, 3, and newborn

I live in Indiana, also. For those that don't know - Indiana has a 20% state tax credit up to $5000 invested in the state 529 a year (meaning up to $1000 state tax credit). For my 2 year old daughter - I invest $5000 in the 529 - and my mother (who lives in Indiana) also invests $5000 a 529. My dad ...
by indyfish
Fri Jun 21, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 96
Views: 6055

Re: How much is your guys’ fees for your 401k?

0.33% a year - taken out quarterly at .0825%.
by indyfish
Tue Jun 11, 2019 2:25 pm
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 933
Views: 318604

Re: Variable Percentage Withdrawal (VPW)

Also - in the Defined Benefit Pension parts - if the Pension is already started, but the Start Age is the same as the Age of the Retiree ($B$8) - then it shows a validation error.
by indyfish
Thu Jun 06, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 59052

Re: What is/ was your career and would you recommend it now?

Software Engineer at a mid-size company bought by a MegaCorp. Been at company over 6.5 years - career for 23 years. Pros: I have been unemployed for 0 weeks since starting my career. I have been fortunate to not have too many periods where I had to work a lot of overtime - but I think I am just luck...
by indyfish
Mon Nov 05, 2018 9:01 am
Forum: Personal Investments
Topic: Do my late December portfolio plans make sense?
Replies: 3
Views: 476

Re: Do my late December portfolio plans make sense?

PFInterest wrote:
Mon Nov 05, 2018 8:53 am
no reason to put fixed income into rIRA. place in employer plans or tIRA.
Please explain why. I really don't understand - as both 401k and Rollover IRA are tax-deferred accounts (and we don't have Traditional IRAs).
by indyfish
Mon Nov 05, 2018 8:17 am
Forum: Personal Investments
Topic: Do my late December portfolio plans make sense?
Replies: 3
Views: 476

Do my late December portfolio plans make sense?

Emergency Funds: 9 to 12 months expenses Debt: None (Mortgage paid off) Tax Filing Status: Married Filing Jointly Number of Dependents: 1 Tax Rate: 22% Federal. 4.23% state State of Residence: IN Age: 49 (as of next Sunday) - Spouse 45 Desired Asset Allocation: 67% Stocks, 33% Bonds Desired Internat...
by indyfish
Tue Jan 23, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: High Yield Savings Account Recommendations?
Replies: 48
Views: 6696

Re: High Yield Savings Account Recommendations?

I have a Barclay's account - they just went up to 1.50 APY today for their savings account.
by indyfish
Wed Jan 17, 2018 8:43 am
Forum: Personal Investments
Topic: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?
Replies: 44
Views: 21746

Re: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?

My company has Empower. The asset based charge is 0.33% a year - or 3.30 per 1000.00 of assets - spread out in quarterly increments. There are Vanguard funds, but they also have the TIAA lifecycle index funds at the Institutional net expense ratio of 0.10%, so that is OK. Probably most of my 401ks i...
by indyfish
Sat Jan 06, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 13926

Re: How much are you putting in a 529?

One 10 month old daughter. Indiana has a 20 percent tax credit up to 5000, so we contribute 5000. My mother also contributes 5000 to get the tax credit, and my father 3000 for his state’s tax deduction. The tax credit in Indiana is too good to pass up.
by indyfish
Mon Dec 25, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 27067

Re: Do you see a meaningful change in your income with new Tax Bill?

Significant enough for us that we will do partial Roth conversions for the next 3 years. Save about 2600 to 3000 without the conversion, 5200 with the conversion.
by indyfish
Fri Dec 22, 2017 9:42 pm
Forum: Personal Investments
Topic: International Funds in taxable with new tax law
Replies: 3
Views: 982

International Funds in taxable with new tax law

I was trying to search for this, but I did not find clear information on this. Does the new tax law affect the foreign tax credit if we are investing in mutual funds such as Vanguard Total International? If so, is it significant enough to put such funds in tax advantaged spaces?
by indyfish
Wed Dec 20, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 72201

Re: Tax Bill Omnibus Thread

I think our family is in a sweet spot to do partial Roth Conversions when we otherwise really couldn't. Our AGI will be right around the 110K mark with dependent child. This means we were at the 25% bracket but the $1000 child tax credit phasing out at $50 per $1000 over the 110K AGI. Meaning Roth c...
by indyfish
Wed Dec 13, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 14075

Re: 2018 financial goals - what are yours?

Married - both in our 40s, one child (born this year). State: Indiana. 2017 Goals 1. Max out my 401k. 2. Max out my wife's 403b. 3. Max out both of our Roth IRAs 4. Max out wife's parent + child HSA. 5. Put $5000 towards 529 to get $1000 state tax credit 6. Put $2600 towards my FSA (this was a mista...
by indyfish
Tue Feb 21, 2017 12:23 pm
Forum: Personal Investments
Topic: What to do when both 403b and 457b are avaliable
Replies: 11
Views: 1088

Re: What to do when both 403b and 457b are avaliable

I learned this weekend that my wife has both a 403b and a 457b available to her. She works at a public university, and will likely get a promotion in August of 2018, which would bump her pay beyond the standard raise. The 457b has Tiaa Cref and FIdelity - we would probably use the same TIAA lifesty...
by indyfish
Tue Feb 21, 2017 9:58 am
Forum: Personal Investments
Topic: What to do when both 403b and 457b are avaliable
Replies: 11
Views: 1088

What to do when both 403b and 457b are avaliable

Emergency funds: Have this Debt: No debt - Mortgage paid off last year Tax Filing Status: Married Filing Jointly (baby due in about 2 weeks - will be only child) Tax Rate: 25% Federal, 4.4% State State of Residence: IN Age: 47, Spouse 43 Desired Asset allocation: 65% stocks / 35% bonds Desired Inter...
by indyfish
Mon Feb 13, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is 130k a good salary in IT?.
Replies: 40
Views: 12055

Re: Is 130k a good salary in IT?.

I have 20 years of experience as a software developer/database developer. I was recently promoted to senior software developer at an insurance company. My salary under 85,000 (work in the Midwest), with an unclear (yet to be restructured) bonus structure (at most 2% of salary). Be thankful for his c...
by indyfish
Wed Nov 30, 2016 3:34 pm
Forum: Personal Investments
Topic: Pay off mortgage?
Replies: 107
Views: 10400

Re: Pay off mortgage?

I asked about this recently. I paid it off a few months ago - and I have no regrets at all. But, everyone has a different situation and risk tolerance.

viewtopic.php?f=1&t=194844&p=2974736
by indyfish
Mon Jul 11, 2016 2:30 pm
Forum: Personal Investments
Topic: Need help with a refinance mortgage vs. pay-off decision
Replies: 11
Views: 1639

Re: Need help with a refinance mortgage vs. pay-off decision

We will be going with the pay-off the mortgage option. I got my refinance application cancelled this morning with no fees, no fuss. Thank you for all of your input. It is not clear from you original post if your stake in MM included what you consider your emergency fund or not. If it did, you shoul...
by indyfish
Mon Jul 11, 2016 8:15 am
Forum: Personal Investments
Topic: Need help with a refinance mortgage vs. pay-off decision
Replies: 11
Views: 1639

Re: Need help with a refinance mortgage vs. pay-off decision

We will be going with the pay-off the mortgage option. I got my refinance application cancelled this morning with no fees, no fuss.

Thank you for all of your input.
by indyfish
Fri Jul 08, 2016 6:24 am
Forum: Personal Investments
Topic: Need help with a refinance mortgage vs. pay-off decision
Replies: 11
Views: 1639

Re: Need help with a refinance mortgage vs. pay-off decision

I am in the early process of refinancing to a 15 year loan at 271K, at 2.5% with about $2,200 closing costs. I am considering other options, so here is what I am considering. House worth about 350,000. What's the current interest rate and term of your loan ? Are you able to deduct 100% of the inter...
by indyfish
Thu Jul 07, 2016 12:12 pm
Forum: Personal Investments
Topic: Need help with a refinance mortgage vs. pay-off decision
Replies: 11
Views: 1639

Re: Need help with a refinance mortgage vs. pay-off decision

Sorry, I posted initially before I put in my information by accident.
by indyfish
Thu Jul 07, 2016 11:51 am
Forum: Personal Investments
Topic: Need help with a refinance mortgage vs. pay-off decision
Replies: 11
Views: 1639

Need help with a refinance mortgage vs. pay-off decision

Below are my particulars: Emergency funds: yep Debt: Indicate if you have any debt (credit card, school loans, car loans, mortgage) and the interest rate you are paying on each loan. Tax Filing Status: Married Filing Jointly Tax Rate: 25% Federal, 4.4 % State State of Residence: IN Age: He 46 and sh...
by indyfish
Tue Feb 24, 2015 12:58 pm
Forum: Personal Investments
Topic: TIAA 403b fixed income part - TIAA Traditional or Bond Funds
Replies: 0
Views: 408

TIAA 403b fixed income part - TIAA Traditional or Bond Funds

Emergency funds: Yes Debt: No debt. No mortgage. Own condo outright. Tax Filing Status: Married Filing Jointly Tax Rate: 25% Federal, 3.4% State, 1% Local State of Residence: Indiana Age: 45 and 39 (He is older) Desired Asset allocation: 65% stocks / 35% bonds (approximate - I am 60/40 right now, sh...
by indyfish
Fri Mar 21, 2014 9:30 am
Forum: Personal Consumer Issues
Topic: Buying new phone outright vs 2 yr contract + ETF
Replies: 45
Views: 3564

Re: Buying new phone outright vs 2 yr contract + ETF

I am a Verizon customer and I just bought my last phone outright ($399 for a Samsung 4S Mini) instead of getting a new contract after my last phone died, because I am "grandfathered" into the unlimited data plan, and I would lose that if I didn't buy the phone outright. Just showing a real-life situ...
by indyfish
Mon Feb 03, 2014 3:48 pm
Forum: Personal Investments
Topic: Asset Allocation - Inherited IRA
Replies: 3
Views: 543

Re: Asset Allocation - Inherited IRA

So, if for your inherited IRA (403b) account - if you have an opportunity to put that in TIAA Traditional with a floor of, say, 3% - that is what you could put your money into (for the Inherited IRA (403b)) if it fits with the rest of your portfolio (put the stocks in taxable and Roth for your stock...
by indyfish
Mon Dec 23, 2013 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Target Credit/Debit Card Hacks - what to do?
Replies: 94
Views: 11470

Re: Target Credit/Debit Card Hacks - what to do?

It took me over 50 phone call attempts over 4 total days to get my Target Red debit card cancelled - but I finally was able to do it this morning. I may get the Red credit card at some point, but I'm not touching the debit card again.
by indyfish
Thu Feb 14, 2013 7:59 am
Forum: Investing - Theory, News & General
Topic: Money magazine throws a gutter ball
Replies: 16
Views: 3929

Re: Money magazine throws a gutter ball

How do they have an article like this and not mention her age (or at least an approximate age)? I would assume 15% in bonds is on the low side for her age - and I would assume that a difference between 6% bonds and 15% bonds would not make much of a difference in a big downturn in stocks. Also - it ...
by indyfish
Fri Jan 25, 2013 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: 401k fees "Final Distribution" & "Withdrawal" both $50,high?
Replies: 8
Views: 5991

Re: 401k fees "Final Distribution" & "Withdrawal" both $50,h

I have a question related to this. I rolled over my 401k to Vanguard after I left my job in late October. The funds rolled over within a few weeks to my Vanguard rollover IRA. I got a statement this week from the old (or so I thought) 401k: 1. They charged $50 for the withdrawal, and 2. There is st...
by indyfish
Wed Jan 23, 2013 2:40 pm
Forum: Investing - Theory, News & General
Topic: Poll: Roth vs. Traditional and a Windfall
Replies: 8
Views: 851

Re: Poll: Roth vs. Traditional and a Windfall

Are they going to stay in the same state, or move to a lower or no-income tax state at retirement?
by indyfish
Mon Jan 21, 2013 1:39 pm
Forum: Personal Investments
Topic: Investing large sums at market high
Replies: 75
Views: 8011

Re: Investing large sums at market high

I had this situation a few weeks ago. I received a mid six-figure gift in Mid-December, and I was figuring out what to do with the money. This was before the crisis of the moment, the "fiscal cliff." I already had a plan in place before this "bucket of money," but I did not expect the money at this...
by indyfish
Mon Jan 21, 2013 8:10 am
Forum: Personal Investments
Topic: Investing large sums at market high
Replies: 75
Views: 8011

Re: Investing large sums at market high

I had this situation a few weeks ago. I received a mid six-figure gift in Mid-December, and I was figuring out what to do with the money. This was before the crisis of the moment, the "fiscal cliff." I already had a plan in place before this "bucket of money," but I did not expect the money at this ...
by indyfish
Fri Jan 18, 2013 9:24 am
Forum: Personal Finance (Not Investing)
Topic: 401k fees "Final Distribution" & "Withdrawal" both $50,high?
Replies: 8
Views: 5991

Re: 401k fees "Final Distribution" & "Withdrawal" both $50,h

I have a question related to this. I rolled over my 401k to Vanguard after I left my job in late October. The funds rolled over within a few weeks to my Vanguard rollover IRA. I got a statement this week from the old (or so I thought) 401k: 1. They charged $50 for the withdrawal, and 2. There is sti...
by indyfish
Wed Jan 09, 2013 9:45 pm
Forum: Personal Investments
Topic: What is a good balance between Roth and Traditional?
Replies: 5
Views: 1088

Re: What is a good balance between Roth and Traditional?

I think both answers make a lot of sense, especially after taking a second look at the current tax brackets. Thank you...this forum has been a lot of help to me even though this was my first question on here.
by indyfish
Wed Jan 09, 2013 8:28 am
Forum: Personal Investments
Topic: What is a good balance between Roth and Traditional?
Replies: 5
Views: 1088

What is a good balance between Roth and Traditional?

Emergency funds: > 12 months of expenses Debt: No debt. Own a condo free and clear. Tax Filing Status: Single Tax Rate: 25% Federal, 4.4% State State of Residence: Indiana Age: 43 Desired Asset allocation: 65% stocks / 35% bonds Desired International allocation: 30% of stocks Portfolio size: Mid six...