Search found 168 matches

by Spewin
Thu Sep 20, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Android podcast app that remembers where you are in podcast?
Replies: 15
Views: 655

Re: Android podcast app that remembers where you are in podcast?

I use podcast addict. It does both things you are requesting. It also has many more options which make my obsessive podcast listening seamless and enjoyable.
by Spewin
Mon Aug 27, 2018 1:44 pm
Forum: Investing - Theory, News & General
Topic: Why do some companies persistently exceed investor expectations by hefty margins over 10-20 years?
Replies: 15
Views: 1539

Re: Why do some companies persistently exceed investor expectations by hefty margins over 10-20 years?

E.g. FAANG companies I would think that, in an efficient market, institutional investors would catch on after 7-8 years that such companies exceeded expectations by X percent almost every time and that the stock price of such companies would eventually start to look like a random walk. What makes y...
by Spewin
Mon Aug 13, 2018 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard updated 1099 in August!
Replies: 28
Views: 2170

Re: Vanguard updated 1099 in August!

I recently received a corrected 1099 form Vanguard ... For 2015. I owe $50 more tax. Quite a PIA.
by Spewin
Wed Jul 25, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: Looks like 2019 HSA family limits raised to $7000
Replies: 25
Views: 2813

Re: Looks like 2019 HSA family limits raised to $7000

Not impressed. Only raising it by 1.44% when inflation is running quite higher than that right now... The base amount is adjusted by the CPI and then rounded. The result can be < or > the CPI. For example: The IRA and 401(k) limits are similar, but rounded down to $500. Thus, the last change was 10%.
by Spewin
Mon Jul 16, 2018 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Funds - Other Financial Advice Requested
Replies: 23
Views: 1642

Re: Retirement Funds - Other Financial Advice Requested

Questions: 1. Once the truck is paid off, does it make the most sense to throw the additional income fully on the house until PMI is gone, or a mixture of some towards the house and some into retirement, or all of it into retirement for each of us? 2. My nationwide account is in an aggressive fund,...
by Spewin
Fri Jul 13, 2018 8:08 am
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 112
Views: 14485

Re: Saving 20% of paycheck isn't enough

Your comment is based on many faulty and wandering assumptions. Why would you think that standard advice would be referring to retiring early (which it isn't), rather than a more standard plan like retiring at age 65 (which it is)? Why do you mention saving for retirement in 10-20-30 years? Of cours...
by Spewin
Sat Jun 16, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: A vehicle that "sits up" but can't afford CRV
Replies: 63
Views: 5722

Re: A vehicle that "sits up" but can't afford CRV

I'm not sure what "sits up" means, but when I drive my in-laws Honda Fit, I feel like I'm sitting in a char at a dining table. If that's what she's looking for, a Fit from a private party might be the ticket. You/She might need to adjust your definition of "low milage" to under 60-80,000. To get in ...
by Spewin
Tue May 29, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4015

Re: Best use for a $2k raise for a middle-income teacher

...I have difficulty gauging what the total size of my portfolio will need to be for that, online calculators generally don't appear to be built for this scenario. Consequently, I have difficulty gauging whether my portfolio is on-track or is over- or under-funded. Try the Flexible Retirement Plann...
by Spewin
Tue May 29, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 9155

Re: Can we retire in 2018?

No, healthcare expenses are not included in the $50,000 per year. That is a big question mark for us You might be financially ready to retire in 2018, but you have not planned enough to actually know. You should research and budget for healthcare, taxes, and what will fill all the time that used to...
by Spewin
Fri May 25, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculations - married, 10 years apart
Replies: 33
Views: 3315

Re: Social Security Calculations - married, 10 years apart

When OP’s DH turns 77, why would the wife not apply for spousal benefit? (She’ll be at FRA) Isn’t that a no brainer? So total SS benefit will be 1.5X DH’s SS benefit. Then when OP turns 70, she gets her own. I don’t know about this, just asking. Because that option is no longer available. There was...
by Spewin
Sat Mar 31, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding IL taxes with IRA rollovers?
Replies: 0
Views: 486

Avoiding IL taxes with IRA rollovers?

Illinois does not tax traditional IRA or 40x(y) contributions. It also doesn't tax Roth conversions. In a few years DW and I will end up with about 10+years of contributions in her IRA and wanting to make Roth contributions to my 403(b). She won't be working and we also plan to contribute some to Ro...
by Spewin
Fri Mar 30, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14530

Re: What’s the magic savings rate???

I suggest saving 20% of your gross for retirement (including employer match, so if they will match 3 to need to put in 17). After that another 10% should be saved for irregular expenses like cars and home repairs. That's not what I do myself, but if one isn't willing to do a detailed analysis, then ...
by Spewin
Fri Mar 30, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance for a 13 year old
Replies: 29
Views: 2591

Re: Inheritance for a 13 year old

I would contend that 40/60 for a 13 year old is mismanagement. Put it in the 60/40 or 80/20 life strategy find unless she's needs it in the next 10 years.
by Spewin
Fri Mar 16, 2018 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Selling investments to pay down mortgage
Replies: 10
Views: 1094

Re: Selling investments to pay down mortgage

sport wrote:
Fri Mar 16, 2018 1:17 am
Iowa David wrote:
Thu Mar 15, 2018 10:28 pm
11 years into a 15 mortgage
It seems you will have the mortgage paid off in about 4 years just with regular monthly payments.
OP means 11 years left on a 15 year mortgage.
by Spewin
Wed Mar 14, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Did Rollover From 401K to IRA Disqualify Me From Roth Contribution in 2017?
Replies: 12
Views: 883

Re: Did Rollover From 401K to IRA Disqualify Me From Roth Contribution in 2017?

I want to third the recommend to get a new tax preparer. You don't want to pay them to learn what a simple internet search can teach them.
by Spewin
Fri Mar 09, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: To Move or Not To Move - Couldn't be more of a Coinflip! (Help Please)
Replies: 82
Views: 8225

Re: To Move or Not To Move - Couldn't be more of a Coinflip! (Help Please)

If your ability to remain visible will be affected, then I suggest you stay at the current university. If your prominence declines, what are the chances that another offer like this comes about? What about at your current institution? Play it out over your lifetime, not just the next two years. If l...
by Spewin
Mon Feb 26, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should my long term capital gains taxes change if I am in a high income bracket?
Replies: 21
Views: 2931

Re: Should my long term capital gains taxes change if I am in a high income bracket?

The extra $100k of regular income pushed $100k of gains into the higher Cap gains bracket.
by Spewin
Sun Feb 25, 2018 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Feedback - New Here
Replies: 6
Views: 616

Re: Portfolio Feedback - New Here

Some feedback. First, on your contributions. You are a little unclear about what you are contributing. Will you be contributing to backdoor Roth accounts? Do you know that 401(k) max for 2018 is $18,500? If so then I clock you at contributing $18,500+$18,500+$5500+$5500=$48000 every year or 12% of y...
by Spewin
Tue Feb 13, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 8539

Re: Why paying off loans would be better than fully funding 401k?

OP,

Don't gloss over the suggestion to move closer to family. A Doc living in a LCOL area will still have a relatively high income. Plus, the equity in your house might be able to buy a house outright. It could be a great financial and lifestyle move for you.
by Spewin
Sun Feb 04, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 5-year subscription $0 (free) on quicken website
Replies: 161
Views: 13965

Re: Quicken Premier 5-year subscription $0 (free) on quicken website

I also completed this deal, but will wait to install for a bit. It may be motivated reasoning, but I don't think this is a mistake. The email confirmation lists my purchase as QUICKEN PREMIER 2018 DIRECT DOWNLOAD 5YR FREE" They had to put references to the $0 price in more than one location, both in...
by Spewin
Thu Jan 18, 2018 6:36 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 9663

Re: Short Commute or Nicer House?

Calculate the extra time you will spend on your commute over your working lifetime. It's on the order of years. That made the decision for me and my family.
by Spewin
Sun Dec 24, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: FY17 Final, Personal Savings Rate
Replies: 26
Views: 2831

Re: FY17 Final, Personal Savings Rate

Olemiss540 wrote:
Sun Dec 24, 2017 6:31 pm
If you abide by the MMM definition, savings rate is defined as:

Saving/(Gross-Taxes)×100
As long as employer contributions are counted in both gross and savings.

But then what about the difference between Roth and Traditional?
by Spewin
Mon Dec 18, 2017 10:56 am
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 6698

Re: Spending on myself, am I off base here?

OP, you counted approximately $3000 per year that you spend on yourself through beer, music lessons, and other cash. Add to that the $5000 every two years and it looks like your personal "selfish" spending is a bit above $5000 per year or over 2% of your gross. Is that reasonable? That's something o...
by Spewin
Sun Dec 10, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: Tax reform and mega backdoor Roth
Replies: 4
Views: 931

Re: Tax refrom and mega backdoor Roth

This thread should be locked, but the answer to your question is that the proposed bills do not effect either back door or mega back door mechanics.
by Spewin
Sun Nov 19, 2017 1:17 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 7656

Re: How much do you budget for vacation?

~$1000 per year. DINKs saving for FIRE. We usually do a week long backpacking trip within driving distance and another hiking trip with a hotel stay also in driving distance. We also fly to relatives for one holiday per year, but we don't consider that a vacation. If you do, then at another $6-900 t...
by Spewin
Sun Nov 19, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of living adjustment during salary negotiations
Replies: 5
Views: 956

Re: Cost of living adjustment during salary negotiations

I doubt the cost of living calculator was tax adjusted. I would do that as well. Are state taxes higher? Your higher income would definitely entail more taxes even at the same rates.
by Spewin
Sat Nov 18, 2017 11:25 am
Forum: Investing - Theory, News & General
Topic: WSJ commentary about declining # of publicly traded companies
Replies: 40
Views: 4511

Re: WSJ commentary about declining # of publicly traded companies

- There are 3,671 domestic listings today, down from 7,322 in 1996 Weren't a goodly number of those 7322 companies in the late 1990s simply paper companies with zero revenues? When the dot.com bubble burst, thousands of these so-called "companies" vanished overnight. I remember when I first investi...
by Spewin
Sun Sep 24, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheet to show how taxable SS benefits will affect you
Replies: 112
Views: 21922

Re: Spreadsheet to show how taxable SS benefits will affect you

Feature Request: Add medicare premium bands to sheet. One huge benefit of this spreadsheet is that it can be used to predict marginal tax rates for doing Roth conversions before claiming SS at 70. However, for this use case, one runs into a problem between 65 and 70, where you can undo the benefit o...
by Spewin
Mon Sep 04, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Left financial advisor, feedback on DIY plan please.
Replies: 11
Views: 1899

Re: Left financial advisor, feedback on DIY plan please.

2. Is there a better way to put future contributions in? (My plan involves lump sum equities purchases at the beginning of the year but bonds purchased with paycheck withdrawals over 1-2 months) I wouldn't do anything so complicated. Instead, I would set all contributions to your desired percent an...
by Spewin
Fri Aug 25, 2017 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 17360

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

Using data since 1970 due to availability, if you used exclusively ex-US global stocks, a 60/40 portfolio would have supported a 4.5% safe withdrawal rate over 40 years. Any study that uses rolling windows and only data after 1970 is very suspect. Aside from the problems with rolling window to begi...
by Spewin
Thu Aug 24, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 17360

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

my own spreadsheet output using data from 1928 to present (SP 500 for equities and 10-yr Treasuries for bonds, both adjusted for CPI) would suggest SWRs of 4.15% for a 25 year period, 3.81% for a 30 year period, 3.64% for a 35 year period and 3.80% for a 40 year period. Must be a typo. SWR can only...
by Spewin
Fri Aug 04, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 3005

Re: Can my wife afford to stay home?

As others have said, you don't really give enough detail to actually answer the question. However, if I was in your position with a $56k income ($75k with overtime) and a payed off house and 10% tithe, this is how I would think about it. 1) Are you saving enough for retirement? Maxing out Tax advant...
by Spewin
Sun Jul 30, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Rate Formula - Explicitly Spelled Out
Replies: 50
Views: 4954

Re: Savings Rate Formula - Explicitly Spelled Out

Example, to figure out my savings rate I did the following: Gross Income = AGI from 1040 (not quite sure this is accurate, but close enough?) Spending = Net outflow from checking (includes all monthly expenses, property taxes etc) Taxes = Federal + State + FICA from W2 and/or 1040 Savings = 401k + ...
by Spewin
Wed Jul 26, 2017 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 9063

Re: Post Nuptial agreement guaranteeing alimony?

notmyhand wrote:my spouse feels his career has higher earning potential and I agree with him

I currently make more money and will for the forseeable future.

These two statements are inconsistent. If you can't foresee a time when he makes more money, then he does not have higher earning potential.
by Spewin
Wed Jun 28, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Dealing with Annual Fee in old 401k
Replies: 9
Views: 873

Re: Dealing with Annual Fee in old 401k

Are you doing regular Backdoor Roth as well? If not, then roll the old 401(k) into a TIRA. That won't interfere much. Just roll the entire after-tax distribution into a Roth IRA. There will be taxes on the earnings, but not a huge amount. Do the rollovers as frequently as makes sense. Is there a fe...
by Spewin
Wed Jun 28, 2017 5:32 am
Forum: Investing - Help with Personal Investments
Topic: Dealing with Annual Fee in old 401k
Replies: 9
Views: 873

Dealing with Annual Fee in old 401k

My wife has a 401k from a former employer with $33,000 of traditional/employer contributions and $53,000 total. The employer has just shifted to a flat $85 record keeping fee and lowered the expense ratios by .06-.08%. The 401k is with vanguard so a roll over would be an easy solution, but... DW's c...
by Spewin
Fri Mar 31, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 14739

Re: Saving 50% of salary; what does it really mean?

My wife and I save ~58% of our gross income including Employer contributions to various accounts in both the numerator and denominator and we make about half of your hypothetical. If our doubled next year and 50% of the money went to taxes (more than in your hypothetical) our savings rate would drop...
by Spewin
Fri Mar 31, 2017 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawing Early from Roth without Penalty
Replies: 5
Views: 947

Re: Withdrawing Early from Roth without Penalty

I think your question stems from a misunderstanding. You know you can withdraw contributions without penalty at any time (subject to some funky rules about having had a Roth account for 5 years). You know that earnings withdrawn will be subject to a penalty. However, the reality is that the IRS cons...
by Spewin
Tue Mar 07, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard doesn't understand Mega-Backdoor
Replies: 55
Views: 8194

Re: Vanguard doesn't understand Mega-Backdoor

Do not use the term Mega Back Door Roth, because Vanguard would be correct; there is no such thing in the IRS code called Mega Back Door Roth. The problem is that they also don't know what the difference between after-tax Roth and after-tax non-Roth contributions/amounts. In fact, we had a represen...
by Spewin
Tue Mar 07, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard doesn't understand Mega-Backdoor
Replies: 55
Views: 8194

Vanguard doesn't understand Mega-Backdoor

My wife's employer has a 401k plan that is great for the mega backdoor. We are trying to roll over into Vanguard, because her employer does not offer in-plan conversions. There are about $3000 in earnings, because it's taken a while for us to start the roll-over process. I don't really care if they ...
by Spewin
Thu Feb 23, 2017 4:12 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffets Bet almost over
Replies: 7
Views: 3016

Re: Warren Buffets Bet almost over

Great quote from the end of the article:
Mr. Buffett retorted: “There’s been far, far, far more money made by people in Wall Street through salesmanship abilities than through investment abilities.”
by Spewin
Fri Feb 03, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Can retirement accounts from Fidelity be rolled into Vanguard?
Replies: 7
Views: 832

Re: Can retirement accounts from Fidelity be rolled into Vanguard?

mcraepat9 wrote:Fees are competitive with Vanguard.
This should be changed to fees can be competitive with vanguard. If you are in their index funds then yes, otherwise not.
by Spewin
Wed Jan 04, 2017 4:22 pm
Forum: Local Chapters and Bogleheads Community
Topic: Chicago meeting [- March 27 in Lincoln Park]
Replies: 32
Views: 6399

Re: Chicago meeting [- March 27 in Lincoln Park]

I'm interested. I'd be coming in on the Metra or drive to any suburb.
by Spewin
Mon Nov 21, 2016 9:44 am
Forum: Investing - Theory, News & General
Topic: What does a bond bear market look like?
Replies: 91
Views: 11662

Re: What does a bond bear market look like?

When one looks up a bond fund on say Yahoo and looks at the chart, I take it the graph does not take into account dividends. Where does one look up a chart that does? Look for "Growth of $10,000" type charts. Those usually take dividend reinvestment into account, so I also assume bond coupon reinve...
by Spewin
Mon Nov 21, 2016 9:42 am
Forum: Investing - Theory, News & General
Topic: Will Vanguard give basic advice?
Replies: 6
Views: 1014

Re: Will Vanguard give basic advice?

Unless you have $50,000+ with them, they will not. https://investor.vanguard.com/advice/personal-advisor Even then, they don't do more than asset allocation and making one of those pretty are you on track for retirement presentations, that I'm sure you also have some software for. I bet they spend 1...
by Spewin
Fri Oct 28, 2016 8:56 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett(himself) has never invested in an Index fund, WHY?
Replies: 32
Views: 5694

Re: Warren Buffett(himself) has never invested in an Index fund, WHY?

only return 'INTO my bank account' is dividends payout which is paltry 2-3% compared to 10-20% cash Berkshire subsidiaries send to Warren.. Your post is full of misunderstandings and contradictions, as others have pointed out. But, the funniest to me, by far, is that you argue that WB does not inve...
by Spewin
Fri Oct 28, 2016 5:29 am
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 424
Views: 161544

Re: The Mega Backdoor Roth IRA

A small nit pick. 401(k) contributions do not impact the ability to deduct IRA contributions. Simply being covered by an employer plan (401/3 (k/b) ) limits your ability to deduct IRA contributions. Ah, but to be covered someone has to make a contribution, either the employee or the employer. This ...
by Spewin
Thu Oct 27, 2016 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 424
Views: 161544

Re: The Mega Backdoor Roth IRA

IRA contributions have no impact on any 401k contribution limit. FYI - The converse is not true. 401(k) contributions do impact the ability to deduct IRA contributions. See: Publication 590-A (2015), Contributions to Individual Retirement Arrangements (IRAs) (Limit if Covered by Employer Plan) (Thi...
by Spewin
Fri Oct 14, 2016 6:39 am
Forum: Personal Finance (Not Investing)
Topic: MegaCorp Payroll - Two Years Of FICA-Taxing HSA Contributions
Replies: 6
Views: 756

Re: MegaCorp Payroll - Two Years Of FICA-Taxing HSA Contributions

You could point out that, because HSA contributions are not taxed by FICA, the company should be getting their employer contribution back too.