Search found 340 matches

by panhead
Mon Nov 18, 2019 11:03 am
Forum: Personal Investments
Topic: solo 401k to IRA direct rollover; need to report to IRS?
Replies: 11
Views: 555

Re: solo 401k to IRA direct rollover; need to report to IRS?

There is no requirement to terminate the Individual 401k with the closure of the LLC. She remains a sole proprietor until she dies. The Individual 401k applies to any future self-employment. Spirit Rider, I know this question has popped up on this forum from time to time, but I've never seen an ans...
by panhead
Sat Oct 05, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: Classic car (~70s convertible)
Replies: 19
Views: 1887

Re: Classic car (~70s convertible)

* How long did the enjoyment last before it became just another annoying object to deal with? * How hard to buy, and later sell, and how much of a haircut on the sale? * How much mechanical problems with a car like this? If I drive it 500-2000 miles/year, how much time would I be fussing with it, c...
by panhead
Wed Sep 11, 2019 6:31 am
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1462

Re: new 401k with stable value fund...should I use it? for how much?

I started putting money into Stable Value about 3 years before retirement and the rate became about 2%. Now about 1/2 of FI in 401k is in Stable Value. Thanks Dottie, I keep running into this theme that 1/2 of fixed income is reasonable for an allocation to stable value. Seems like the "split the d...
by panhead
Wed Sep 11, 2019 6:29 am
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1462

Re: new 401k with stable value fund...should I use it? for how much?

I have: Stable value fund: T Rowe Price Stable Value Common Trust, yield: 2.25% VBTIX: Vanguard Total Bond Market Index Inst, SEC Yield: 2.20% Given these options, is there any reason to utilize the stable value fund, and if so, given the portfolio conditions listed in the original post, at what al...
by panhead
Tue Sep 10, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1462

Re: new 401k with stable value fund...should I use it? for how much?

I have: Stable value fund: T Rowe Price Stable Value Common Trust, yield: 2.25% VBTIX: Vanguard Total Bond Market Index Inst, SEC Yield: 2.20% Given these options, is there any reason to utilize the stable value fund, and if so, given the portfolio conditions listed in the original post, at what al...
by panhead
Tue Sep 10, 2019 6:35 am
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1462

Re: new 401k with stable value fund...should I use it? for how much?

Vineviz, thanks for the reply, but I am a little confused. 1. My understanding is the stable value funds protected the investors with the future decline in yield. So the fund companies will shoulder the risks instead of the investors, right? 2. Reinvestment Risk. Won't the bond fund face the same r...
by panhead
Mon Sep 09, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1462

Re: new 401k with stable value fund...should I use it? for how much?

You are in your early 50s retirement as soon as 5 years away, to as far as 12. What, if any, allocation would you put into the stable value fund versus the vanguard total bond fund? I see no reason to hold an allocation to cash (which is what a stable value fund amounts to) in a retirement portfoli...
by panhead
Mon Sep 09, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1462

Re: new 401k with stable value fund...should I use it? for how much?

My understanding is that, no, it does not. Distribution yield doesn't reflect the ER, while SEC yield does. I'm *pretty* sure that the the net yield of the stable value fund is 2.00%. Investment returns are always reported net of expenses, i.e. if it lists last years annual return as 2.25%, that's ...
by panhead
Sun Sep 08, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1462

Re: new 401k with stable value fund...should I use it? for how much?

Hi All, I started a new job and this company’s 401k has a stable value fund. It’s T Rowe Price Stable Value Common Trust B, it appears to have a yield of about 2.25% and an expense ratio of 0.25% so resulting actual yield is about 2.00%. This 401k also has Vanguard Total Bond Market Index Inst (VBT...
by panhead
Sun Sep 08, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1462

Re: new 401k with stable value fund...should I use it? for how much?

Hi All, I started a new job and this company’s 401k has a stable value fund. It’s T Rowe Price Stable Value Common Trust B, it appears to have a yield of about 2.25% and an expense ratio of 0.25% so resulting actual yield is about 2.00%. This 401k also has Vanguard Total Bond Market Index Inst (VBT...
by panhead
Sun Sep 08, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1462

new 401k with stable value fund...should I use it? for how much?

Hi All, I started a new job and this company’s 401k has a stable value fund. It’s T Rowe Price Stable Value Common Trust B, it appears to have a yield of about 2.25% and an expense ratio of 0.25% so resulting actual yield is about 2.00%. EDIT: It has been made clear to me below that 2.25% is AFTER t...
by panhead
Mon Aug 26, 2019 7:42 pm
Forum: Personal Consumer Issues
Topic: Reviewing auto insurance. Dropping comprehensive and collision. What else?
Replies: 42
Views: 2912

Re: Reviewing auto insurance. Dropping comprehensive and collision. What else?

Thank you for all the helpful feedback, much appreciated. I called my insurance agent today to discuss, and when I brought up my car's value vs. the deductible and what the insurance would value my car at, they were less than helpful [as expected]. Here are the changes I am likely going to make: In...
by panhead
Mon Aug 12, 2019 6:31 am
Forum: Personal Investments
Topic: Yet another Backdoor Roth question
Replies: 21
Views: 1300

Re: Yet another Backdoor Roth question

Thank you. Yes, that could be a good option. I need to check if that's allowed. My 403b options are very good. Currently have most of that in FXAIX. If I go down this route, would I first roll the whole existing tIRA balance into the 403b, then contribute 6K to the tIRA, then transfer that to the R...
by panhead
Fri Aug 09, 2019 7:19 am
Forum: Personal Investments
Topic: I still don't understand the value of a Backdoor Roth for high income earners
Replies: 63
Views: 6380

Re: I still don't understand the value of a Backdoor Roth for high income earners

<snip> If one has space for $50k a year (including company matches) and still feels that a backdoor Roth is "necessary", that person is either way behind in the retirement savings department, or projects huge retirement spending needs. ......or a desire to retire early! Assuming the priority of fun...
by panhead
Fri Aug 09, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Unlimited Paid Time Off ("PTO") and Sick Time: cui bono and how does it work?
Replies: 21
Views: 2365

Re: Unlimited PTO, for employees, is an HR con / scam / evil plan to "tether" employees to a workplace? HubSpot? SAS?

You're post is a little confusing but if you are asking about why an employer would offer "unlimited PTO" and what exactly that means, I can comment on that. At least in the US, many people do not use the vacation that they have. This creates a liability (or whatever the correct term is) on the book...
by panhead
Wed Jul 31, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Form 5500 filing Deadline is here!
Replies: 0
Views: 196

2018 Form 5500 filing Deadline is here!

If you haven't done this yet, I'd do it now!
Big penalties if you don't!

As a true procrastinator, I just completed mine!
by panhead
Fri Jul 26, 2019 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Layoff planning -UPDATE
Replies: 18
Views: 4003

Re: Layoff planning -UPDATE

I could see paying off your current residence, but since the mortgage is deductible and you plan on selling in a few years, I personally wouldn't. Were you claiming depreciation on the second home when you were renting it? If so, there is a very good chance that you have PALs (passive activity losse...
by panhead
Fri Jul 12, 2019 7:24 am
Forum: Personal Consumer Issues
Topic: Should I Buy a Motorcycle?
Replies: 59
Views: 3362

Re: Should I Buy a Motorcycle?

fallingeggs wrote:
Fri Jul 12, 2019 7:19 am
but understand going new on the helmet.
If you are going to wear a helmet other than a novelty helmet, this is a requirement. Good advice!
by panhead
Fri Jul 12, 2019 7:05 am
Forum: Personal Consumer Issues
Topic: Should I Buy a Motorcycle?
Replies: 59
Views: 3362

Re: Should I Buy a Motorcycle?

YES! I love motorcycles. If you know anything about Harleys my username will make sense to you. That being said, if you are saving for a house and already have a car loan, I wouldn't want another loan, especially for a toy. I actually would never want a loan for a toy. Why not spend 3-4k on a decent...
by panhead
Fri Apr 19, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Marketwatch Article on Back Door Roths
Replies: 12
Views: 1740

Re: Marketwatch Article on Back Door Roths

Alan S. wrote:
Thu Apr 18, 2019 2:45 pm
The author is a professor of accounting at Drexel Univ - and does Marketwatch proof read any such articles? :oops:
Maybe send him a copy of 8606?
by panhead
Tue Feb 05, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct problems? Anyone have success with a return which includes "backdoor" Roth reporting?
Replies: 62
Views: 4748

Re: TaxAct problems? Anyone have success with a return which includes "backdoor" Roth reporting?

Geez, I haven't purchased TA yet but was planning to. I'll be monitoring this thread for the resolution.
by panhead
Thu Jan 17, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70395

Re: Why are you NOT buying rental properties?

Where do you guys get all of these loser tenants? I know people need a place to live but didn't you do a credit check? eviction history? salary? :oops: Yeah, you've got a lot to learn. I do all of these things you mention every single time. Good tenants can turn into bad tenants. Things like mental...
by panhead
Wed Jan 16, 2019 9:00 pm
Forum: Investing - Theory, News & General
Topic: The Bogle Rule
Replies: 24
Views: 4954

Re: The Bogle Rule

Rick Ferri wrote:
Wed Jan 16, 2019 7:10 pm
It frustrated Jack Bogle to see our leaders in Washington struggle with the concept of imposing a fiduciary duty on all financial advisers who guide individual investors. This effort is called the fiduciary rule. In Jack's honor, I propose we rename this effort "The Bogle Rule".
Brilliant!
by panhead
Wed Jan 16, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70395

Re: Why are you NOT buying rental properties?

I played around with rentals for the last 12 years or so. I've had bat-sh*t crazy tenants, awesome tenants, and everything in between. Sometimes its easy, sometimes it's a lot of work. I didn't buy mine at the best prices, so sweat equity was how I tried to make em' work. I've replaced 20 feet of se...
by panhead
Wed Jan 16, 2019 8:16 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 57738

Re: John Bogle is dead at 89

I was logging into my Vanguard account when I saw the news on their homepage. Thank you so much Jack for doing all you did for us little guys. You will always be remembered and are immortalized by your life's work. Rest in peace, you certainly earned it.
by panhead
Wed Dec 26, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: Why call them "losses" when you still own the shares?
Replies: 103
Views: 5286

Re: Why call them "losses" when you still own the shares?

This is an amusing thread. The answer seems so obvious that I'm not sure what the debate is. The value of whatever investment you have is what you can sell if for right now. The market may or may not be rational, but that is irrelevant. The market will dictate what $$ value you can sell it for at an...
by panhead
Wed Dec 12, 2018 8:41 pm
Forum: Personal Investments
Topic: Any way to display the old design on the Vanguard website?
Replies: 16
Views: 1497

Re: Any way to display the old design on the Vanguard website?

Vanguard recently did a redesign of their website and I prefer the old look. But sometimes when I click around on things, it will temporarily revert to the old layout. Anyone know of a way to permanently have it display the old design of the Vanguard website? This happens to me as well. I log in, c...
by panhead
Fri Dec 07, 2018 12:48 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth Priority
Replies: 12
Views: 1166

Re: Mega Backdoor Roth Priority

I generally follow advice from https://www.bogleheads.org/wiki/Prioritizing_investments in choosing where to invest my money. However, my company just announced some changes to our 401k plan. Among them is the ability make after-tax contributions with a possibility of doing a mega backdoor Roth con...
by panhead
Tue Dec 04, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: taxact 2018 tax year software price increase 100%?
Replies: 34
Views: 5787

Re: taxact 2018 tax year software price increase 100%?

F150HD wrote:
Fri Nov 30, 2018 10:11 pm
I don't use the program but ran across this... https://www.techbargains.com/deal/433078/taxact-plus
Looks like I'm late for it but it doesn't matter as I need the home & business bundle.

Thanks for posting though, hopefully it helped others!

-Pan-
by panhead
Fri Nov 30, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 48
Views: 7673

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

- My wife is ready to re-enter the workforce, though she would earn a fraction of what I do. She has said she will do whatever it takes in terms of lifestyle change or being flexible to allow me to pursue opportunities that interest me. She thinks I am under-leveraging my skill set or value in the ...
by panhead
Sun Nov 25, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: taxact 2018 tax year software price increase 100%?
Replies: 34
Views: 5787

Re: taxact 2018 tax year software price increase 100%?

Like many here, I am done with TaxACT. I used it for several years, but it's clear that it's now over. I'm also not interested in all the pricing and form availability games of the other two big tax software producers. Last year I looked around and settled on FreeTaxUSA https://www.freetaxusa.com/ ...
by panhead
Sun Nov 25, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: 2018 Business Tax Return Software
Replies: 3
Views: 399

Re: 2018 Business Tax Return Software

I have the same situation and used taxact last year. They have a "home and business" bundle which includes form 1065 as well as 1040 and state forms for both. Last year, it was $100, this year, it's $200. I have a thread complaining about that, but I will likely use it again this year. It worked wel...
by panhead
Sat Nov 24, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: taxact 2018 tax year software price increase 100%?
Replies: 34
Views: 5787

Re: taxact 2018 tax year software price increase 100%?

I've been using taxact for probably 8 years now, and am a huge fan. I have found the last few years that they have one email notification for the current year "deal". Got that email yesterday, and the deal is good thru Monday -- 18CYBERMON25. I have always gotten the "plus" edition, but this year, ...
by panhead
Sat Nov 24, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on possible portfolio change for Early Retiree
Replies: 7
Views: 857

Re: Thoughts on possible portfolio change for Early Retiree

I use regular Intermediate and Limited Term Munis Vanguard funds in my taxable in lieu of CDs. I also keep two years of real cash to draw from as needed. This is a lot simpler to manage and look after than a CD ladder. Once a year I sell and rebalance munis and stock funds and replenish my cash. Th...
by panhead
Fri Nov 23, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on possible portfolio change for Early Retiree
Replies: 7
Views: 857

Re: Thoughts on possible portfolio change for Early Retiree

I would probably ladder the CDs for no more than 10 years (300,000) and increase the intermediate bonds in the IRA/deferred buckets by the other 300,000. 10 years of cash should be sufficient to weather the storms and 30% of the portfolio in cash could be a major drag on returns. Just depends on ho...
by panhead
Fri Nov 23, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on possible portfolio change for Early Retiree
Replies: 7
Views: 857

Re: Thoughts on possible portfolio change for Early Retiree

But I'd probably put the bonds in the IRA. I didn't think about this enough before I responded the first time. If this approach is taken, it would result in less transaction costs as stock funds would not be need to sold in taxable to nearly as much of an extent to implement the portfolio. The down...
by panhead
Fri Nov 23, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on possible portfolio change for Early Retiree
Replies: 7
Views: 857

Re: Thoughts on possible portfolio change for Early Retiree

If your total income will be near $60k, you will be in the 12% (later might be 15% tax bracket ) and don't need a muni bond fund in my opinion. But I'd probably put the bonds in the IRA. I like the simplicity, but I'd use 500 index and extended market in the two IRAs to avoid wash sales. Yes, the s...
by panhead
Fri Nov 23, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on possible portfolio change for Early Retiree
Replies: 7
Views: 857

Thoughts on possible portfolio change for Early Retiree

I am considering making some changes to my portfolio to make it more simple for a possible early retirement. The VPW threads in part have me considering this, as well as the “won the game” mentality of conserving what you have. I’m going to use numbers that make the math easy. Let’s say we start wit...
by panhead
Tue Nov 20, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 110
Views: 13985

Re: Visiting Parents

. Myamar, If the condo is big enough now except when your parents visit, why not put them up in nice nearby hotel to avoid crowding everyone during their visits. At least until something larger works for you. +1 +1 Stay in the neighborhood, rule out that miserable commute it wouldn't be sustainable...
by panhead
Tue Nov 20, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: Which cars can be unlocked and started from a smart phone?
Replies: 28
Views: 1955

Re: Which cars can be unlocked and started from a smart phone?

tc101 wrote:
Tue Nov 20, 2018 11:49 am
Which cars can be unlocked and started from a smart phone?
You can buy an aftermarket remote start system that does this, so pretty much any car with the exception of manual transmission cars, which I believe are not supposed to be set up for remote start (not that they can't be....).
by panhead
Tue Nov 20, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: sell current home before buying new home?
Replies: 17
Views: 1593

Re: sell current home before buying new home?

OP here, thanks to all who replied. I guess the answers reflect what I was thinking, but I needed to see it reflected back at me. The low risk solution is obviously to sell current residence before buying next residence, and this seems to be the consensus from this thread. Several have indicated tha...
by panhead
Tue Nov 20, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2130997

Re: U.S. stocks in freefall

Eh, I have no $$ to invest as I am fully invested as usual and no where near a re-balance band. I enjoy watching the drama, but I do it with a sort of detached interest. When I get $$ to invest, I'll throw em at whatever got trampled the most. Go eat some turkey, drink some wine, and hang out with g...
by panhead
Sun Nov 18, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: sell current home before buying new home?
Replies: 17
Views: 1593

sell current home before buying new home?

In the last year or so we have been considering selling our current home to purchase one that better fits our current, and hopefully future, lifestyle. I have a small mortgage remaining on my current home (just under 6 figures) and a small mortgage payment (just under $1000/mo). I recently found a h...
by panhead
Fri Nov 16, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: One food I could never give up
Replies: 33
Views: 2016

Re: One food I could never give up

dknightd wrote:
Fri Nov 16, 2018 11:30 am
Is beer considered a food?
It is in Germany!

Tacos for me, unless we are considering beer as a food!
by panhead
Fri Nov 16, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Enjoying Your Work
Replies: 27
Views: 3655

Re: Enjoying Your Work

I was in the same boat. Sales job making over 100k in my mid twenties. I received a commission check for 15k one day and stared at it my whole commute home (LIRR). Spoke with my wife and told her how the money did nothing for me. I could save it, buy something, whatever, I had no joy in my work lif...
by panhead
Fri Nov 16, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: Are you all staying the course?
Replies: 114
Views: 8207

Re: Are you all staying the course?

Yes. Dividends go to sweep accounts and are used to purchase the asset most “off” of target level. Yup, this is what I do. I'm fully invested at my 50/50 AA and invest new money immediately when it becomes available, either thru sweep accounts or paychecks, in the asset that is performing the worst...
by panhead
Tue Nov 13, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Enjoying Your Work
Replies: 27
Views: 3655

Re: Enjoying Your Work

I was in the same boat. Sales job making over 100k in my mid twenties. I received a commission check for 15k one day and stared at it my whole commute home (LIRR). Spoke with my wife and told her how the money did nothing for me. I could save it, buy something, whatever, I had no joy in my work lif...
by panhead
Thu Nov 08, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: taxact 2018 tax year software price increase 100%?
Replies: 34
Views: 5787

Re: taxact 2018 tax year software price increase 100%?

I used the home/business 1065 bundle last year and I paid $100, currently its listed as $200 for this year. Does anyone actually pay list price for tax software? Actually, I have no idea. I know turbotax is available all over the place, amazon, BJs, etc. I'm not sure that's the case for taxact. As ...