Search found 32 matches

by MechEngOSU
Wed Mar 18, 2020 4:46 pm
Forum: Investing - Theory, News & General
Topic: What Would Jack Bogle Do?
Replies: 45
Views: 3193

Re: What Would Jack Bogle Do?

Thank you Mel. I really needed to see this today. I'm actually around 55 stock/45 bond (or at least I was in January), but even that can be hard to "stay the course" in these interesting days. It's a good reminder to calm down and have perspective.
by MechEngOSU
Tue Mar 03, 2020 9:17 pm
Forum: Personal Investments
Topic: Question on Ohio Collegeadvantage 529
Replies: 1
Views: 180

Re: Question on Ohio Collegeadvantage 529

Hi, their website has some info on both topics in the FAQ section. For instance, you can super fund per below. Also, it would just be $4000 deduction per beneficiary per married couple (so $8k not $16k in your example). “Per federal 529 laws, individuals can invest up to $15,000 ($​30,000 for marrie...
by MechEngOSU
Sat Feb 15, 2020 5:18 am
Forum: Investing - Theory, News & General
Topic: Great investment books that are less well known?
Replies: 27
Views: 2892

Re: Great investment books that are less well known?

Morgenthal & Co.: The Story of an important investment bank by Barrie Wigmore is an excellent fiction book about a investment bank going through 1972-2010 financial events as the backdrop. Really enjoyed the characters. Just a warning though, there is some rated R material in there unrelated to fina...
by MechEngOSU
Sat Feb 01, 2020 4:52 pm
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 6858

Re: My Sis is going to Ray James, is this fee right?

I’d keep it simple: 1) Raymond James $2700 a year, Vanguard $360 a year 2) But wait, there’s more - Raymond James fund fees $1,000 - $1,500 a year (or more); Vanguard $100 - $300 a year 3) Oh, by the way Vanguard is the world’s largest mutual fund company +1...Simple message and easy to understand ...
by MechEngOSU
Sat Feb 01, 2020 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: 3 RSU events...how to handle
Replies: 14
Views: 939

Re: 3 RSU events...how to handle

Thanks all. Tomato Tomahto - your assumption was correct...they are vesting from different years, with slightly different award dates. Jack FF - I totally understand what you are saying, but there is usually a few days between when they vest and when they clean in my brokerage to sell. I was merely ...
by MechEngOSU
Sat Feb 01, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: 3 RSU events...how to handle
Replies: 14
Views: 939

3 RSU events...how to handle

RSU and wash sale question... I'll receive the following shares of company stock from RSU/RSA vesting: 50 shares on 1/31 100 shares on 2/1 100 shares on 2/6 To keep it easy, I was going to either sell everything on 2/7 in a single sale, or wait 31 says past 2/6 and sell everything at that time to av...
by MechEngOSU
Mon Dec 02, 2019 9:12 pm
Forum: Investing - Theory, News & General
Topic: [Dow] dropped 250 points today?
Replies: 105
Views: 8983

Re: S&P dropped 250 points today?

It's new to me so I'm excited, but I'm sure after a few months it will get old and I won't check my account to see if my measly $6k has went up $10 or down. Right now though it's fun and if I see $10 gain I feel ok! OP, to get a feel for the typical values of swings in the stock market, I recommend...
by MechEngOSU
Mon Dec 02, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Forecasting taxes
Replies: 14
Views: 1470

Re: Forecasting taxes

You could also look at the first ~14 rows of the Calculations tab in the personal finance toolbox spreadsheet to see examples of what causes differences among gross, FICA, and W-2 Box 1 wages. +1 on the calculator tab I built a similar spreadsheet to forecast my taxes and it was the best thing for ...
by MechEngOSU
Sat Nov 30, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 347
Views: 37276

Re: Turbotax 2019 on Amazon

There is a Black Friday offer on Amazon for Turbotax Premier (Federal & State) at $69, PLUS a $10 gift card, hence a value of $59. Download version. Sounds good to me. There is a similar GC offer for Deluxe at $49. Thanks Siamond. I ended up doing this TT Deluxe deal with the $10 gift card. Not too...
by MechEngOSU
Wed Nov 27, 2019 7:15 am
Forum: Personal Investments
Topic: UTMA Strategy, Benefits, and Alternatives
Replies: 29
Views: 1810

Re: UTMA Strategy, Benefits, and Alternatives

I would like to make sure I understand this correctly. I can sell all UTMA holdings held for more than one year, and pay zero tax until the proceeds of the sale are in excess of $2,600. Since there is about $1,200 in the UTMA, and I plan to contribute around $300 per year, it is very unlikely the a...
by MechEngOSU
Wed Nov 27, 2019 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Another "should I pay off the mortgage" thread
Replies: 11
Views: 1060

Re: Another "should I pay off the mortgage" thread

+1 to what mortfree said.

You can always make extra principal payments with new cash flow to gradually knock down the mortgage faster, without having to sell in taxable.

With one income, it would be nice to keep that liquidity available (personal preference).
by MechEngOSU
Tue Nov 26, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: How do you folks attribute your change in Net Worth?
Replies: 9
Views: 2057

Re: How do you folks attribute your change in Net Worth?

Perhaps I'm misunderstanding your question, but it should be pretty straightforward. I have simple excel sheet where I enter my monthly contributions in one column. If I know my starting balance and ending balance that year, then it's ending balance - starting balance - contributions = investment ea...
by MechEngOSU
Tue Nov 26, 2019 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Advice on homeowner insurance on first home
Replies: 18
Views: 1659

Re: Advice on homeowner insurance on first home

I would suggest getting multiple quotes on an "apples to apples" bundle, whether through an independent agent or by calling 3 companies. A couple things to think about with the quotes: -If you have security system, mention that as well for possible discount. -Decide whether to add umbrella insurance...
by MechEngOSU
Tue Nov 26, 2019 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Child tax return or not?
Replies: 11
Views: 1261

Re: Child tax return or not?

OP here -- Thanks for the replies thus far. This was very insightful, with some surprising twists regarding "IRS will assume zero basis". Since those types of headaches are precisely what I wanted to avoid, I was glad I posted on bogleheads! The thread caused me to: 1) re-read form 8814 and 8615 and...
by MechEngOSU
Sun Nov 24, 2019 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Child tax return or not?
Replies: 11
Views: 1261

Re: Child tax return or not?

Thanks Seymore 92. Sounds likes it is fine not to file anything then as long as no earned income, and unearned income under $1100. But not filing anything seems weird to me. For instance, the IRS will still get a 1099B showing the mutual fund sale, etc. matched to the kids SS number. I guess I'm que...
by MechEngOSU
Sun Nov 24, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Child tax return or not?
Replies: 11
Views: 1261

Child tax return or not?

Hello This year I’ll tax gain harvest in my child’s UTMA account. Roughly $400 in capital gains and $50 in dividends from a mutual fund, and about $50 in interest in a money market fund. Looking at Pub 17 and some calculators, the guidance is no tax return required. Any reason to still file? Ideally...
by MechEngOSU
Sun Feb 03, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: RSUs, 1099s, taxes... not adding up?
Replies: 22
Views: 1229

Re: RSUs, 1099s, taxes... not adding up?

My experience was similar to yours. Your W2 income number will include the RSU vesting amount, and will also include the federal and state taxes they paid in W2 boxes 2 and 17. This assumes you did something like net issuance where they withheld shares of stock to pay those taxes. My Fidelity 1099 B...
by MechEngOSU
Sun Dec 09, 2018 3:35 pm
Forum: Personal Investments
Topic: Tax Loss Harvest w/ International Fund
Replies: 2
Views: 412

Tax Loss Harvest w/ International Fund

Hello, Looking for guidance on my first tax loss harvest. The wiki and some other threads were helpful, but I still have a few questions: Situation: -Bought FTIHX (Fidelity Total International Index Fund) in June 2017. -Cost Basis $15000. Dividends and capital gains have always gone straight to cash...
by MechEngOSU
Mon Oct 01, 2018 5:26 am
Forum: Personal Investments
Topic: What fixed income for taxable account?
Replies: 19
Views: 2032

Re: What fixed income for taxable account?

Really great advice all. It has led me down a totally different line of thinking than where I thought this thread would go! That is great. If I go the livesoft route, and I wanted to keep my overall asset allocation static, I would keep adding more to stock funds in taxable and then increase my mont...
by MechEngOSU
Mon Oct 01, 2018 5:17 am
Forum: Personal Investments
Topic: How much should I keep in cash ?
Replies: 7
Views: 1330

Re: How much should I keep in cash ?

I have always liked having 3-6 months of expenses in cash on hand (meaning savings acct). It just plain feels reassuring, even though I know it could be earning more elsewhere, and that stocks or bond funds could always be sold in a moment of need, too. I think it stuck with me because it was freque...
by MechEngOSU
Sun Sep 30, 2018 3:13 pm
Forum: Personal Investments
Topic: What fixed income for taxable account?
Replies: 19
Views: 2032

What fixed income for taxable account?

My wife and I are late 30’s with kids. Looking for advice on what should we do for the bond/fixed income part of our taxable account. Quick details: Previously 33% marginal rate. For the taxable account, we envision saving the fixed income portion for things needed in the 10-20 year time from such a...
by MechEngOSU
Wed Dec 27, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pay January Mortgage Payment Now
Replies: 4
Views: 833

Re: Pay January Mortgage Payment Now

Agree with vested1. I just did this today. Also, The Finance Buff recently wrote a good short article about this.
[https://thefinancebuff.com/make-mortgag ... ember.html]
by MechEngOSU
Wed Dec 27, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 302
Views: 43319

Re: TurboTax Prices

Amazon just lowered price of Deluxe Fed and State (PC/MAC disc or MAC download) to $39.86. Earlier this morning it was about 10 dollars higher than that. May or may not just be for prime members. Good price.
by MechEngOSU
Fri Jan 13, 2017 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 158
Views: 25367

Re: Best Financial Moves You've Made

-Developing a healthy respect for saving early in my teen years (thanks Mom and Dad!) -Resisting the temptations to open up credit cards in college, or have the best apartment, or best car during those years. Some of the less-than-amazing apartments I lived in with friends were the best. It got me i...
by MechEngOSU
Fri Jan 13, 2017 5:49 am
Forum: Personal Investments
Topic: HSA Suggestions: where?
Replies: 20
Views: 2529

Re: HSA Suggestions: where?

Fidelity has been very good and you can use low cost index funds in the HSA there
by MechEngOSU
Fri Jan 13, 2017 5:47 am
Forum: Personal Investments
Topic: Advice on next steps - taxable account and portfolio
Replies: 11
Views: 1947

Re: Advice on next steps - taxable account and portfolio

*BUMP* OP here. Any comments on the 50/50 allocation at mid-30's, or the "keeping it simple" approach to taxable account by using online savings account as bond portion?
by MechEngOSU
Wed Jan 11, 2017 9:00 pm
Forum: Personal Investments
Topic: Advice on next steps - taxable account and portfolio
Replies: 11
Views: 1947

Re: Advice on next steps - taxable account and portfolio

Hi everyone, bumping this past thread with an updated opening post, and new questions. Thanks for your help!
by MechEngOSU
Sat Jan 23, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 R for Backdoor Roth - Box 2b "total distribution"
Replies: 3
Views: 638

Re: 1099 R for Backdoor Roth - Box 2b "total distribution"

Thanks jebmke and Alan S....very helpful responses! Always fun to learn something new :happy
by MechEngOSU
Sat Jan 23, 2016 9:19 am
Forum: Personal Finance (Not Investing)
Topic: 1099 R for Backdoor Roth - Box 2b "total distribution"
Replies: 3
Views: 638

1099 R for Backdoor Roth - Box 2b "total distribution"

Hi, My wife and I executed Backdoor Roths this year, mine at Brokerage A and hers at Brokerage B. Both were the same in that we had zero starting balance in tIRAs, made the $5500 contributions, then converted to Roth all in 2015. Both accounts show $0 in the tIRA, and I would consider both accounts ...
by MechEngOSU
Sun Mar 01, 2015 1:14 pm
Forum: Personal Investments
Topic: Advice on next steps - taxable account and portfolio
Replies: 11
Views: 1947

Re: Advice on next steps - taxable account and portfolio

Thanks Hunky-dory and stoutglass for your replies. I will look into refinancing the mortgage. I was also reading up more about my company plans and it looks like they will begin offering ESPP (edited post to reflect this) at 15% discount. They also allow after tax contributions to 401k. Would anyone...
by MechEngOSU
Sat Feb 28, 2015 6:41 am
Forum: Personal Investments
Topic: Advice on next steps - taxable account and portfolio
Replies: 11
Views: 1947

Advice on next steps - taxable account and portfolio

EDIT: Updated in Jan 2017 from original post from Feb 2015. Since that time, based on some good advice here, we ended up refinancing my mortgage, started a taxable account, participate in my company's ESPP. I now have some new questions, located at bottom, based on where we are at: ---------------- ...
by MechEngOSU
Sat Nov 08, 2014 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA - some specific questions
Replies: 7
Views: 1328

Backdoor Roth IRA - some specific questions

Hi. First post here! Absolutely love this site. Thanks in advance for any guidance you can provide… My wife and I are going to fund Backdoor Roth IRA’s for each of us this year. This is the first year our income is too high to fund regularly. Relevant Details: -We both have existing Roth IRA’s. His ...