Search found 135 matches

by toblerone
Sat Feb 15, 2020 3:46 am
Forum: Personal Finance (Not Investing)
Topic: Relative laid off - need advice
Replies: 29
Views: 4907

Re: Forced early retirement with minimal asset - please help with planning

If not, will have to take 401K early distribution at 59 and half. 401k (IRA) withdraw at age 59.5 is not an early distribution, although it is the minimum age to avoid penalties (with exceptions). So you are saying: Monthly spend = $1700/mo Before 62, withdraw $1700/mo from $110k IRA After 62, with...
by toblerone
Thu Feb 06, 2020 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Problem transferring accounts from Wells Fargo to Vanguard - stuck in a loop?
Replies: 12
Views: 811

Re: Problem transferring accounts from Wells Fargo to Vanguard - stuck in a loop?

Don't worry. Is she able to transfer other funds in the account? VF will have to sell that fund, no question about it but give it a couple days for the rest of the transfer to finish, ok? Same happened to us when transferring zero fund from fidelity to another brokerage. You just need to wait until...
by toblerone
Thu Feb 06, 2020 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Problem transferring accounts from Wells Fargo to Vanguard - stuck in a loop?
Replies: 12
Views: 811

Re: Problem transferring accounts from Wells Fargo to Vanguard - stuck in a loop?

That's the problem - Vanguard says they can't transfer it (presumably because they don't offer PCOXX), and WF says they can't sell it, now that the transfer has been initiated. So it appears she is stuck in a loop. I don't know how much WF is charging her yet. once the transfer process begins, the ...
by toblerone
Thu Feb 06, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Problem transferring accounts from Wells Fargo to Vanguard - stuck in a loop?
Replies: 12
Views: 811

Re: Problem transferring accounts from Wells Fargo to Vanguard - stuck in a loop?

That's the problem - Vanguard says they can't transfer it (presumably because they don't offer PCOXX), and WF says they can't sell it, now that the transfer has been initiated.
So it appears she is stuck in a loop.
I don't know how much WF is charging her yet.
by toblerone
Thu Feb 06, 2020 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Problem transferring accounts from Wells Fargo to Vanguard - stuck in a loop?
Replies: 12
Views: 811

Problem transferring accounts from Wells Fargo to Vanguard - stuck in a loop?

Hi everyone, I'm trying to help my girlfriend transfer her brokerage account and IRA from Wells Fargo Advisors to Vanguard. Over the weekend she initiated the transfers online with Vanguard, all seemed ok. On Monday, she got two emails from Vanguard, saying the transfers were in progress. All good. ...
by toblerone
Thu Jan 16, 2020 2:30 am
Forum: Personal Finance (Not Investing)
Topic: Tax software/online
Replies: 15
Views: 1389

Re: Tax software/online

Unlike TaxAct which I previously used, TurboTax has all tax forms available in the Basic version, for $40 right now (state extra). You can always upgrade to Deluxe or whatever if you need the extra Q&A to get the forms filled out correctly.
I would choose the download option.
by toblerone
Tue Jan 14, 2020 2:13 am
Forum: Personal Investments
Topic: Grabiner, community , help with OR muni fund choice vs vwiux
Replies: 10
Views: 1013

Re: Grabiner, community , help with OR muni fund choice vs vwiux

I am in 35% bracket, in Oregon. I have vwiux but just found out about https://www.morningstar.com/funds/xnas/ortyx/quote , it has sec yield of 1.8 It has a higher expense ratio of 0.550 compared to vwiux which is 0.09 https://investor.vanguard.com/mutual-funds/profile/overview/vwiux which has sec y...
by toblerone
Fri Jan 03, 2020 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Getting married, spouse low/no-income. What to do?
Replies: 15
Views: 3107

Re: Getting married, spouse low/no-income. What to do?

1. Not marrying her for tax reasons may have unintended consequences! :wink: 2. I'm not sure about this, if she is covered part of the year by your HDHP. I would just wait and decide later in the year, depending on circumstances. 3. Yes, spousal IRA. She doesn't need income. 4. At that income you ar...
by toblerone
Tue Dec 10, 2019 2:21 am
Forum: Personal Investments
Topic: Form 8606 help needed
Replies: 13
Views: 976

Re: Form 8606 help needed

It sounds like the OP only needs to fix the 8606 for one year - a year it was not needed at all. I'm curious, what is the solution if you filed a form that was unnecessary? Send a letter "Dear IRS, please disregard form 8606 filed for year 20XX, which was filed in error"? OP it sounds like you shoul...
by toblerone
Fri Nov 01, 2019 11:32 pm
Forum: Personal Investments
Topic: Converting traditional to Roth
Replies: 8
Views: 1285

Re: Converting traditional to Roth

It sounds like you did a backdoor Roth (non-deductible tIRA + conversion)?
There is no limit on conversions to Roth, just the initial contributions to the IRA. The 88 cents will be your taxable gain, on your form 8606.
by toblerone
Thu Oct 17, 2019 12:59 am
Forum: Personal Finance (Not Investing)
Topic: How to save HSA receipts?
Replies: 14
Views: 1585

Re: How to save HSA receipts?

I feel like I'm missing something here. What's the deal with "30 years" ? Why would you wait 30 years to get reimbursement? Because your pre-tax dollars will grow tax free. Several years later (I think the OP just chose 30+ as an example) you can withdraw like an IRA if you are old enough, or tax f...
by toblerone
Fri Sep 27, 2019 2:20 am
Forum: Personal Investments
Topic: What to do with extra $20k?
Replies: 11
Views: 1677

Re: What to do with extra $20k?

If you and/or your wife can fund a backdoor Roth IRA, you aren't yet maxing out your retirement accounts. It is valuable tax-advantaged space you want to use if you can, even if you retire with a lower tax rate.
by toblerone
Thu Aug 22, 2019 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Moving from MCOL to HCOL, and avoiding contingency
Replies: 2
Views: 348

Re: Moving from MCOL to HCOL, and avoiding contingency

Thanks Watty! Some of that I had already thought of, but a lot I didn't. So I have a lot more to chew on now. Some comments: 1) You can normally only get a home equity loan on your old house before it is listed for sale and likely while you are occupying it. If you will be using one of those get it ...
by toblerone
Wed Aug 21, 2019 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from MCOL to HCOL, and avoiding contingency
Replies: 2
Views: 348

Moving from MCOL to HCOL, and avoiding contingency

Hi, I'm looking for criticism of this plan. Current house is worth $400k, owe $100k ($300k equity) I want to move next year to an area where the same house size and features costs around $750k. I will have about $300k liquid in taxable accounts for a down payment by the end of 2019. My plan is to tr...
by toblerone
Thu May 23, 2019 2:17 am
Forum: Personal Consumer Issues
Topic: Wiper blade replacement
Replies: 30
Views: 2891

Re: Wiper blade replacement

And yet another vote for the Bosch Icon. They are superior in every way.
Wipers are an important part of your car, up there with tires and brakes, don't cheap out.
by toblerone
Tue Apr 09, 2019 12:54 am
Forum: Personal Investments
Topic: Can an employer restrict 401k rollovers for terminated employees?
Replies: 19
Views: 1869

Re: Can an employer restrict 401k rollovers for terminated employees?

Are they also restricting distributions? If not, and you are in a hurry, the solution is to take a distribution and contribute to the IRA within 60 days. Sure, but you have to be able to cover the 20% tax withholding. Yes, thanks, forgot about that. It's not a good idea, unless you have a very smal...
by toblerone
Mon Apr 08, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant filing incorrect 8606 (Backdoor Roth) since 2014
Replies: 9
Views: 905

Re: Accountant filing incorrect 8606 (Backdoor Roth) since 2014

This happened to me a few years ago - CPA screwed up the 8606 for 3 years in a row. Thanks to Bogleheads, I noticed (not the CPA), and we just sent in corrected 8606 forms for the previous years along with the current return and 8606. Now I do my taxes myself :annoyed
by toblerone
Mon Apr 08, 2019 9:12 pm
Forum: Personal Investments
Topic: Can an employer restrict 401k rollovers for terminated employees?
Replies: 19
Views: 1869

Re: Can an employer restrict 401k rollovers for terminated employees?

Are they also restricting distributions? If not, and you are in a hurry, the solution is to take a distribution and contribute to the IRA within 60 days.
by toblerone
Wed Mar 27, 2019 1:25 am
Forum: Investing - Theory, News & General
Topic: I hate bonds
Replies: 116
Views: 15047

Re: I hate bonds

I need bonds for my 3-fundish portfolio, and I've learned enough about them to just put everything into BND / VBTLX (total bond). Diversified and cheap. The only exceptions are ibond purchases, and investing in taxable where I use munis.
by toblerone
Thu Mar 21, 2019 12:59 am
Forum: Personal Investments
Topic: Invest Money for House Down Payment in 5 Years
Replies: 25
Views: 1599

Re: Invest Money for House Down Payment in 5 Years

I invest in VWIUX for the potential of needing money for a down-payment or something significant. Depends on your risk tolerance. Same here, mostly because of current high tax bracket. Otherwise I'd use a regular bond fund. If you don't know, VWIUX = Vanguard Intermediate-Term Tax-Exempt Fund Admir...
by toblerone
Fri Mar 15, 2019 2:04 am
Forum: Personal Consumer Issues
Topic: Home alarm system / Internet camera recommendations
Replies: 16
Views: 1695

Re: Home alarm system / Internet camera recommendations

I recently decided to get an alarm system, and chose Simplisafe. The black Friday special included a free camera, which was nice. My favorite things about the system is how easy it is to configure and test, that no one but me knows how it is set up, and of course the monthly price which is free, unl...
by toblerone
Tue Feb 26, 2019 1:11 am
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 9545

Re: How often do you and your friends change engine oil?

Mech. engineer and car enthusiast here, change it myself with good filters.
Daily driver Mazda3: twice a year, at 10k miles each (I drive a lot) Mobil 1.
Toyota Tacoma: I drive it 2k miles a year, change it once per year, Mobil 1.
by toblerone
Thu Jan 31, 2019 11:25 pm
Forum: Personal Investments
Topic: How much can I contribute to ROTH?
Replies: 2
Views: 288

Re: How much can I contribute to ROTH?

1) yes
2) it depends - if your plan qualifies, and your employer doesn't contribute to the HSA, yes.
3) yes, if you have earned income $6000 or greater. You don't need another $6000.

No idea about the patent royalties, sorry.
by toblerone
Mon Nov 19, 2018 2:57 am
Forum: Personal Investments
Topic: Backdoor Roth rolling Trad IRA to 401K To Unblock
Replies: 4
Views: 414

Re: Backdoor Roth rolling Trad IRA to 401K To Unblock

Yep, the opportunity was never "blocked". Anyone with earned income can perform the steps of this colloquial term. Whether they pay tax during the conversion is the question. Getting that tIRA into your 401k will help prevent that.
by toblerone
Wed Apr 04, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]
Replies: 128
Views: 21156

Re: HSA family max contribution lowered to $6850 for 2018

OP here, with an update on the ordeal. I had to fill out a form provided by Optum to remove the excess contribution. I had to FAX the form to Optum. A few days later, my account online showed the excess contribution removed. About a week after that, I received a paper check in the mail for the exces...
by toblerone
Mon Mar 12, 2018 8:22 pm
Forum: Investing - Theory, News & General
Topic: no bonds in roth?
Replies: 46
Views: 8126

Re: no bonds in roth?

Assuming your portfolio is 65/35 overall (or pick other), in the long run is it better to have a sliver of Roth space occupied by the asset class that doesn't grow - ie. bonds - or use all of that Roth for pedal-to-the-metal asset classes like EM? In the scenario you suggest, having some bonds in t...
by toblerone
Wed Mar 07, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]
Replies: 128
Views: 21156

Re: HSA family max contribution lowered to $6850 for 2018

My HSA is at Optum, thru my employer. Optum sent HR a notice today regarding the limit change, and link to the excess contribution form for us suckers that already contributed $6900. Thankfully there is no fee.
by toblerone
Wed Mar 07, 2018 3:41 am
Forum: Investing - Theory, News & General
Topic: no bonds in roth?
Replies: 46
Views: 8126

Re: no bonds in roth?

My Roth used to be 100% TSM (VTI), but as it grew I decided I wanted to have something in the Roth to re-balance with if necessary. Like on a RRBD (really, really BD) which is when I'd love to back up the truck. So it is now 90-10 TSM/TBM, even thought my overall AA is 65-35. It's just an extra row ...
by toblerone
Wed Mar 07, 2018 2:58 am
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]
Replies: 128
Views: 21156

HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]

[UPDATE: $6900 limit has been restored for 2018 - see https://www.bogleheads.org/forum/viewtopic.php?f=2&t=243621&start=100#p3900977 - moderator prudent] I didn't see this posted yet. The max was $6900 and now it's $50 lower, apparently due to tax law changes. For those of us that already maxed our...
by toblerone
Mon Feb 12, 2018 1:39 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 24652

Re: For BHs who actually like cars - [what car do you drive every day?]

2015 Mazda3 2.5L 6-speed manual (S-Touring trim). The perfect modern balance of economy, reliability, and fun for a daily driver 8-)
Now that I've replaced the stock Dunlops with good rubber it's even more fun to drive.
by toblerone
Fri Feb 02, 2018 3:34 am
Forum: Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 9135

Re: Your bond allocation when you were 48

Age 48, 65-35. Prior to age 45 I was 70-30. Prior to age 43 I had no idea what I was doing. Thanks BH!
At retirement or just before I plan to shift to 60-40 for life.
by toblerone
Wed Jan 24, 2018 1:36 am
Forum: Personal Investments
Topic: Adding 200k to Portfolio, don't want boring old VTSAX again -your criticism, suggestion for a little extra risk?
Replies: 46
Views: 6669

Re: Adding 200k to Portfolio, don't want boring old VTSAX again -your criticism, suggestion for a little extra risk?

I could try and learn all about options, read a book, study it, but after reading all these posts it just seems like not worth the time that I will have to sink in to it. Whats the point if the boring 3fund will just outperform it all in the long run. Exactly. You have an AA you are comfortable wit...
by toblerone
Tue Nov 07, 2017 2:39 am
Forum: Personal Investments
Topic: Where to invest home downpayment which I am not certain when to buy if ever?!
Replies: 75
Views: 7945

Re: Where to invest home downpayment which I am not certain when to buy if ever?!

Those factors are relevant. So, please explain to us why you can afford a 300K house? The answer should be obvious after you give us the numbers. This is irrelevant to my question. We are drifted away. I am asking about where to invest. I am not here to proof i can afford it. Thanks! OP I would giv...
by toblerone
Mon Oct 23, 2017 12:49 am
Forum: Investing - Theory, News & General
Topic: Isn't a Roth IRA and Backdoor Roth Equally Advantageous?
Replies: 24
Views: 3887

Re: Isn't a Roth IRA and Backdoor Roth Equally Advantageous?

I've always considered a direct Roth IRA contribution slightly superior to a backdoor Roth. The backdoor involves a conversion, meaning you need to wait 5 years to avoid an early withdrawal penalty on distribution of the converted amount. It doesn't apply to most cases, but it is something.
by toblerone
Mon Oct 23, 2017 12:31 am
Forum: Personal Investments
Topic: New to Portfolio and Investing
Replies: 10
Views: 1370

Re: New to Portfolio and Investing

A total of 7 holdings across 5 accounts.
And if OP combines the IRAs, 6 holdings in 4 accounts :thumbsup
by toblerone
Sun Oct 22, 2017 11:41 pm
Forum: Personal Investments
Topic: New to Portfolio and Investing
Replies: 10
Views: 1370

Re: New to Portfolio and Investing

Questions: 1. How should I improve my tax efficiency? I would keep bonds and actively managed funds out of your taxable account. It looks like both FASMX and FBALX are both actively managed, and contain a lot of bonds (and are expensive!). See https://www.bogleheads.org/wiki/Tax-efficient_fund_plac...
by toblerone
Sun Oct 22, 2017 10:11 pm
Forum: Personal Investments
Topic: New to Portfolio and Investing
Replies: 10
Views: 1370

Re: New to Portfolio and Investing

Welcome :sharebeer
Your %'s don't add up to 100%:
60% taxable (including 4% cash)
42% TIRA
8% RIRA
16% Solo 401k
=126%
Think of all your accounts as one big portfolio and list the % of the total for each holding.
You should also list what is available in your Roth account.
by toblerone
Thu Sep 21, 2017 12:39 am
Forum: Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 31277

Re: I won the Lottery. Need sound advice.

I have about 215k in "bad debt" (credit cards, a 401k loan, car loans, student loans, etc.). My credit score is horrific. I'd like to wipe out all debt ASAP, except for maybe one of the car loans which is at 0.9%. I don't need any "major" purchases. Some upgrades to the house, finish the basement, ...
by toblerone
Thu Sep 21, 2017 12:17 am
Forum: Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3396

Re: Advise on what to do with additional savings

he was not an advocate of a backdoor Roth or certain that we would qualify. If you have earned income you can do a backdoor Roth. Your spouse can do one now, and also for you as a spousal IRA. There isn't anything apparent that would disqualify you. The question is whether or not it's a good idea. ...
by toblerone
Mon Jul 24, 2017 8:42 pm
Forum: Personal Consumer Issues
Topic: Garage Remodeling
Replies: 14
Views: 2553

Re: Garage Remodeling

Does high R-value door require more maintenance than a regular one in the long run? Higher R-value just means it's better insulated, and I suppose higher overall quality. How difficult is this (floor) to do yourself, can a novice handle it? Yes, as a previous poster said, a novice can do it, if you...
by toblerone
Sun Jul 23, 2017 8:29 pm
Forum: Personal Consumer Issues
Topic: Garage Remodeling
Replies: 14
Views: 2553

Re: Garage Remodeling

I did this, for a 3-car garage a few years ago. It can be a major disruption if you use your garage a lot, much like a kitchen remodel, but well worth it. I broke it down into 2 phases: Phase 1, before I had to clear everything out, and Phase 2, when it made sense to have the garage completely empty...
by toblerone
Tue Apr 25, 2017 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Kitces on Social Security- Divorce and the spousal benefit
Replies: 4
Views: 1412

Re: Kitces on Social Security- Divorce and the spousal benefit

I started divorced spouse SS a year ago at FRA. This will continue for another 34 months at which point I switch to my own benefit... It looks like your total benefit by age 70 would have been higher if you started spousal SS a year or two before FRA (assuming the 5% per year numbers in the OP). Co...
by toblerone
Fri Feb 10, 2017 1:48 am
Forum: Investing - Theory, News & General
Topic: a good time to fix your mortgage?
Replies: 17
Views: 3162

Re: a good time to fix your mortgage?

If you have a 3.25% rate, wouldn't it be better to keep it at 30 years over 15, and put that money toward a Roth/Trad. IRA/401k? That's not enough info to determine. The 30 year is a higher rate than the 15 to begin with, and it also depends on the size of the mortgage. But I think the answer is "m...
by toblerone
Fri Feb 03, 2017 1:02 am
Forum: Personal Investments
Topic: 30 year old and feeling extremely behind...
Replies: 43
Views: 7116

Re: 30 year old and feeling extremely behind...

You are willing to pay $4,000 extra in tax just to get rid of this student debt 8-10 months earlier. KlangFool Is this correct, $4000? From the numbers it looks a little high but maybe the original plan for 2017 only included the match. To be fair, that money is taxed as ordinary income later, and ...
by toblerone
Fri Dec 30, 2016 4:16 am
Forum: Personal Investments
Topic: Advice for staying the course
Replies: 20
Views: 2543

Re: Advice for staying the course

I've been at this for about 2.5 years also, since my "Bogle-ution", and feel the same way at times.
If you are "bracing for conditions that are more trying", perhaps you should revisit your IPS and your AA. Ability, Need, and Willingness are always the key questions I go back to.
by toblerone
Fri Dec 23, 2016 10:37 pm
Forum: Personal Investments
Topic: Portfolio Advice/Questions
Replies: 6
Views: 744

Re: Portfolio Advice/Questions

You could put all of the 20k into Roth IRAs, nearly maxing for 2016 and 2017 for both you and your wife (max would be 22k). That's what I would do, in your situation. Have you looked into rolling your wife's Trad IRA into her 401k? That would reduce the number of your accounts and make it easier to ...
by toblerone
Wed Nov 02, 2016 11:33 pm
Forum: Personal Investments
Topic: WA state 529 program (GET) change worth it?
Replies: 28
Views: 7397

Re: WA state 529 program (GET) change worth it?

If you move the funds to a regular 529 (not a "guaranteed tuition" 529 like GET), there will be no mandatory monthly payments. It's like any other investment vehicle - you pay what you want. Your installment plan was based on algorithm that assumed a large tuition increase every year (plus an instal...
by toblerone
Wed Nov 02, 2016 11:03 pm
Forum: Personal Investments
Topic: WA state 529 program (GET) change worth it?
Replies: 28
Views: 7397

Re: WA state 529 program (GET) change worth it?

I read through this thread and saw people talking about getting a better return using other 529 plans. Does that mean that there's potential for the amount I've paid so far (and what assume I will be paying for 4 and 9 more years into whichever plan the money resides) to pay for more than a year? Y...