Search found 179 matches

by daave
Tue Oct 18, 2016 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion break-even point
Replies: 20
Views: 2050

Re: Roth conversion break-even point

Can you rollover your traditional IRA balance to your 401k? Unfortunately not. To clarify: the traditional IRA is in my spouse's name, and she is not presently employed, so there's no 401(k) to roll it into. My TIRA is empty, so I've been doing the back-door Roth contributions. Have you maxed up yo...
by daave
Mon Oct 17, 2016 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion break-even point
Replies: 20
Views: 2050

Re: Roth conversion break-even point

KlangFool wrote:How about keeping that 5K in your Roth IRA?

I'm not sure I follow. There was never a proposal to remove any funds from my Roth IRA, just whether to roll over $20K from a pre-tax IRA to a Roth IRA, paying the $5K in taxes out of taxable funds.
by daave
Mon Oct 17, 2016 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion break-even point
Replies: 20
Views: 2050

Re: Roth conversion break-even point

The CONSEQUENCES of your decision is ASYMMETRICAL. Why would you want to choose (B)? If you choose (A), you gain very little. You are YOUNG at 28 years old with the minimal amount of asset NOW. If things went bad, you do not have ENOUGH BUFFER to save yourself. Your first goal is to build up your a...
by daave
Mon Oct 17, 2016 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion break-even point
Replies: 20
Views: 2050

Re: Roth conversion break-even point

KlangFool, What concerns me about the idea of waiting to have $1.25MM in assets before switching from Trad to Roth 401(k) is that I anticipate being in a higher tax bracket then than I am in now. It is typical for people in my role & industry to earn around 50% more in their peak earnings years ...
by daave
Mon Oct 17, 2016 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion break-even point
Replies: 20
Views: 2050

Re: Roth conversion break-even point

Your math is a little off, the capital gains tax is only on the capital gains not the full value of the taxable dollars. Ah, of course! So in the non-rollover scenario above it should be: 86439*(1-25%) + 5000 + (21610-5000)*(1-15%) = $83948. Only $2491 less than the convert-today scenario. Don't yo...
by daave
Sun Oct 16, 2016 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion break-even point
Replies: 20
Views: 2050

Re: Roth conversion break-even point

Thanks for the replies! If you made only non-deductible contributions to the traditional IRA you can convert it to a roth ira and not pay taxes on the conversion. These are not non-deductible contributions, they're a rollover from a previous employer 401(k). An additional upside to doing this Roth c...
by daave
Sun Oct 16, 2016 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion break-even point
Replies: 20
Views: 2050

Roth conversion break-even point

Could you please check my math on this: I have $20,000 in a Traditional IRA, I don’t plan to access the funds for 30 years, and my current marginal tax rate is 25%. Assume an annualized return of 5% over those 30 years. If I make a Roth conversion now, I pay $5000 in taxes, funded by my taxable acco...
by daave
Tue Jul 19, 2016 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: New job, roth conversion opportunity?
Replies: 1
Views: 230

New job, roth conversion opportunity?

Hi, I've decide to move to a new job that will result in our moving down from the 33% federal tax bracket to the 25% federal tax bracket for 2017 and probably 2018 as well. Filing status MFJ, no state tax (WA), ages 28/30. I am wondering whether it makes sense to take this opportunity to do a Roth c...
by daave
Fri Mar 18, 2016 5:00 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1527
Views: 270753

Re: What are you up YTD? [Year To Date]

Back in the black, up 0.71% YTD as of yesterday's close.

Results heavily influenced by timing of 401(k) contributions early in the year.

80/20 stock/bond, 60/40 US/Intl.
by daave
Thu Mar 17, 2016 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: 28 year old, $6mm, how to retire?
Replies: 71
Views: 15693

Re: 28 year old, $6mm, how to retire?

Is it possible to grow my wealth to $10 million in 10 years? If yes, can I achieve that goal with $70,000 (pretax) withdrawal rate/year ? Spend $1.8MM of your $6MM on a 30-year TIPS ladder, to guarantee the $70K real income (priced using m). Then you need annualized returns of 9.1% over 10 years on...
by daave
Sat Feb 13, 2016 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Audit Protection Plan worth it?
Replies: 10
Views: 1243

Re: Audit Protection Plan worth it?

Thanks all for your thoughts, I'm going to skip purchasing the Protection Plan, if all that's needed to handle an audit is good documentation, then I shouldn't run in to any issues. The chartable donations are almost all cash transfers to our donor-advised fund at Fidelity Charitable, who have kindl...
by daave
Sat Feb 13, 2016 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Audit Protection Plan worth it?
Replies: 10
Views: 1243

Audit Protection Plan worth it?

Our tax preparer, who is an Enrolled Agent, offers an optional service where we may pay an additional ~$200, in return for which she will represent us throughout an IRS Audit should that occur. If we do not purchase the Audit Protection Plan, and are audited, and want her to represent us (which I be...
by daave
Fri Feb 12, 2016 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: What is your decline in Net Worth as of today?
Replies: 96
Views: 12468

Re: What is your decline in Net Worth as of today?

YTD I'm down 9.37%.

80/20 stock/bond, 60/40 US/intl

I'm hoping stocks keep dropping through the end of March, when I have more cash to invest. Retirement is 25+ years away.
by daave
Mon Jan 04, 2016 12:18 am
Forum: Personal Finance (Not Investing)
Topic: How did your retirement Portfolio do in 2015?
Replies: 95
Views: 8516

Re: How did your retirement Portfolio do in 2015?

Portfolio XIRR negative 1.52% in 2015, 0.07% better than Vanguard's TargetRetire2040 fund, which I use as a benchmark. Best performer: Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 1.39% Worst performer: Vanguard Small-Cap Value Index Fund Admiral (VSIAX) at -4.65% On the pl...
by daave
Sat Dec 26, 2015 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: [What will you do differently in] 2016
Replies: 62
Views: 8195

Re: [What will you do differently in] 2016

  • Save 30%+ of gross income
  • Pay off all debts
  • Make a will
by daave
Sat Dec 26, 2015 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house: Am I making a bad decision?
Replies: 45
Views: 5609

Re: Buying a house: Am I making a bad decision?

If I'm reading your OP correctly, you are putting no equity into the house at closing time other than the non-profit's subsidy (which is a liability). Do you have any savings of your own to put towards a down-payment? If not, I think you should be patient and spend some years saving towards a down p...
by daave
Thu Oct 15, 2015 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area tech couple looking for advice
Replies: 51
Views: 8491

To The Pacific Northwest!

Can you figure out a way to move to a less expensive area, and still earn about the same money? Moving to a lower cost of leaving area is unlikely to make sense financially. We will likely compromise on career advancement, pay & bonuses leading to lower (absolute) annual savings. Some of the ma...
by daave
Wed Sep 30, 2015 10:35 pm
Forum: Personal Consumer Issues
Topic: Setup Simple, Easy to Use Website [DIY Website development]
Replies: 16
Views: 2221

Re: Setup Simple, Easy to Use Website [DIY Website development]

For DIY website hosting: Wix Weebly Squarespace Wordpress.com For payments, there are several options that can be integrated with a website: Square Cash PayPal Stripe (more flexible, but involved to set up) Braintree (similar to Stripe, even more involved to set up, but available in many countries, ...
by daave
Tue Sep 29, 2015 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Term4Sale quotes realistic?
Replies: 13
Views: 2167

Re: Term4Sale quotes realistic?

niceguy7376 wrote:were both the term4sale quotes and State farm quotes for the same type of health rating?


yes, both were for the highest health rating category available
by daave
Tue Sep 29, 2015 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Term4Sale quotes realistic?
Replies: 13
Views: 2167

Re: Term4Sale quotes realistic?

Thanks all. Glad to hear people here have had good experiences with Term4Sale. I'll take that route unless our State Farm agent can match the price quoted online.
by daave
Tue Sep 29, 2015 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Term4Sale quotes realistic?
Replies: 13
Views: 2167

Re: Term4Sale quotes realistic?

Maverick3320 wrote:Just out of curiosity, are there comparison/shopping websites for other insurance products - auto, umbrella, home, etc?


For Auto, check out https://www.nerdwallet.com/insurance/co ... ance-rates
by daave
Tue Sep 29, 2015 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Term4Sale quotes realistic?
Replies: 13
Views: 2167

Term4Sale quotes realistic?

Hi Bogleheads, I was wondering if anyone here has first-hand experience purchasing Term Life Insurance using term4sale.com? In particular, were the quotes shown on the website the actual amounts you ended up paying, or were there other hidden fees or costs? I ran some quotes on term4sale, and compar...
by daave
Sat Sep 19, 2015 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Other Blogs/Forums read by Bogleheads
Replies: 33
Views: 3540

Re: Other Blogs/Forums read by Bogleheads

m I came across James Collins's blog before I knew about Boglheads. What he writes about is more-or-less the Boglehead mantra, but he explains it in a series of fun, easy-to-read articles. Now, a couple years later, I'm more widely read and have developed some of my own opinions that disagree with M...
by daave
Mon Sep 07, 2015 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Post your current employer retirement plan! (if any)
Replies: 94
Views: 11232

Re: Post your current employer retirement plan! (if any)

My employer has what I think is a great plan, administered by Vanguard, and extremely low expense ratios. Matching: 50% of contributes up to the $18,000 limit (so max $9,000 in matching funds). Fees: $21/year administration fee, fund expense ratios below. Vesting: No vesting time, you are 100% veste...
by daave
Tue Jul 21, 2015 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Mechanics and timing for sale of employer stock
Replies: 5
Views: 483

Re: Mechanics and timing for sale of employer stock

Thank you for all the helpful replies! Responses to your ideas and clarifying questions inline: there is no reason to wait until Day 3 of the trading window. If you are satisfied with that price on Day 3, presumably you'd also be satisfied a day or two earlier. Good point. I will restate my plan as ...
by daave
Tue Jul 21, 2015 5:53 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1527
Views: 270753

Re: What are you up YTD? [Year To Date]

80/20 portfolio
2015 YTD 3.59%
2015 XIRR 6.62%
by daave
Tue Jul 21, 2015 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Mechanics and timing for sale of employer stock
Replies: 5
Views: 483

Mechanics and timing for sale of employer stock

Hi fellow Bogleheads, I will have ~$10K worth of my employer's stock vesting soon and able to be sold in early October (employees are only permitted to trade the company stock during a few-week-long window each quarter that starts a few days after the earnings announcement). As a Boglehead, I am not...
by daave
Sat Jul 11, 2015 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Converting Pounds to dollars
Replies: 3
Views: 1089

Re: Converting Pounds to dollars

Take this with a grain of salt since I never used their service, but UK Forex has good reviews. m +1 for UKForex (OZForex, USForex, etc. they're all related companies but branded differently in each region) I've used their services to move funds between the US and Australia multiple times, and have...
by daave
Mon Jun 22, 2015 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tech jobs - is job-hopping the best way to get ahead?
Replies: 92
Views: 16408

Re: Tech jobs - is job-hopping the best way to get ahead?

I was going to guess that you must be with a wall street firm to get a salary that high in NYC. I've been peeking around at roles in the NJ/NYC area and am seeing ranges of 100k - 140k (for software developer / architect / etc), but nothing like 200+. Are you guys at financial companies or what? No...
by daave
Mon Jun 22, 2015 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tech jobs - is job-hopping the best way to get ahead?
Replies: 92
Views: 16408

Re: Tech jobs - is job-hopping the best way to get ahead?

Exactly... I don't know of a company that would have a salary range of $100k - $165k for the same position...And with that said, you were actually underpaid for NYC for the first two years in my view. There was a title change (adding the prefix 'Senior') between those two salaries, but in practice,...
by daave
Mon Jun 22, 2015 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Tech jobs - is job-hopping the best way to get ahead?
Replies: 92
Views: 16408

Re: Tech jobs - is job-hopping the best way to get ahead?

Where are you working that you are making that much Without disclosing my employer here, since this could get personally identifiable awfully quickly, I'll just say that I know people at: Google, Amazon, Microsoft, Twitter, Facebook and Dropbox; all of whom make salaries in that range. Also note th...
by daave
Mon Jun 22, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Tech jobs - is job-hopping the best way to get ahead?
Replies: 92
Views: 16408

Re: Tech jobs - is job-hopping the best way to get ahead?

I will offer proof by example that it's possible to 'get ahead' financially without job-hopping. I've been in my current job for ~3.5 years, at a well-known tech mega-corp, in their NYC office. It's my first job out of college. My job title when I started was 'Software Engineer' and now its 'Senior ...
by daave
Thu May 14, 2015 3:45 pm
Forum: Investing - Theory, News & General
Topic: Poll: Average E/R [Expense Ratio]
Replies: 49
Views: 6134

Re: Poll: Average E/R [Expense Ratio]

Dollar-weighted average: 0.073%

Portfolio composed of a mixture of:

VIIIX (0.02%)
VBMPX (0.05%)
VEMPX (0.06%)
VSIAX (0.09%)
VTPSX (0.10%)

I often think about switching to a Vanguard TargetRetire Trust Plus, which I can get for 0.07%.
by daave
Mon May 11, 2015 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Any ideas for the future of my measly little portfolio?
Replies: 18
Views: 3277

Re: Any ideas for the future of my measly little portfolio?

anonyx wrote:In coming up with $25,000, I had added my annual taxes, car insurance, phone costs, internet expenses, home insurance, prescriptions, doctor visits, water bill, gas and electric bill and snow plowing costs.


Don't forget health insurance, which will no longer being employer-subsidized.
by daave
Mon May 11, 2015 7:26 pm
Forum: Investing - Theory, News & General
Topic: International - Who really is at 40%
Replies: 93
Views: 10466

Re: International - Who really is at 40%

I've been at 40% of equities in international since 11 June 2014, when I updated my IPS and moved away from TargetRetire funds.
by daave
Wed Apr 29, 2015 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 5306

Re: Broke buy quarterly

should i reframe from this mindset at age 37 making 25,000 a year, and why? Yes, you should. The reason why is that there's no reason to believe that your stock picks will do as well as the market average over the long run, and certainly you are taking on a lot more risk. I highly recommend you rea...
by daave
Wed Apr 22, 2015 3:07 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1527
Views: 270753

Re: What are you up YTD?

Uncle Pennybags wrote:Beardstown lady accounting up 18.32%.

Congrats on the substantial contributions to your portfolio!
by daave
Fri Apr 17, 2015 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Effective average Adjusted Livesoft tax rate?
Replies: 73
Views: 9368

Re: Poll: Effective average Adjusted Livesoft tax rate?

ALI > $240K, ATR = 14.52% (so I answered > 10%). On the verge of the >15% bracket, and would've been there had it not been for some one-off deductions. While this exercise does make me think "Ok, so I'm really not paying all that much federal income tax", if the goal is to get a better sen...
by daave
Wed Apr 15, 2015 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards Do You Have Open?
Replies: 25
Views: 25778

Re: How Many Credit Cards Do You Have Open?

1) Citi Double Cash MasterCard (for everything but groceries) 2) Amex Blue Cash Preferred (for groceries) 3) Discover (don't really use it, it was an early offer while I was building credit, so it helps my score to keep open) 4) Commonwealth Bank of Australia MasterCard (holdover from before I moved...
by daave
Wed Apr 15, 2015 4:24 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1527
Views: 270753

Re: What are you up YTD?

Saw this thread had bumped and checked my spreadsheet. YTD return: 4.90% YTD return annualized 18.27% Lifetime XIRR: 14.09% So far this year's annualized return is well above my lifetime average (I started investing in 2012), so no complaints! Allocation: - Stocks : Bonds = 80 : 20 - US : Int'l = 60...
by daave
Sun Feb 08, 2015 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much was your Tax Refund (or amount DUE)
Replies: 110
Views: 11524

Re: How much was your Tax Refund (or amount DUE)

Federal: $959
State: $1903

As much as I'd rather it be $0, I still think my withholdings were a pretty good estimate, considering the amount of tax I pay.
by daave
Tue Jan 27, 2015 6:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard U.S. Gov. Obligations 2014 File
Replies: 9
Views: 1271

Re: Vanguard U.S. Gov. Obligations 2014 File

If you're committed to using disks, maybe it's time to start burning DVDs instead of CDs. That would give you 4700MB, vs 700MB on a CD. Or Blu-Ray which would give you 50GB. I'd be worried about loss or damage of the phsyical media, and would prefer to use some sort of encrypted on-line storage, su...
by daave
Sun Jan 25, 2015 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance do I need?
Replies: 20
Views: 4359

Re: How much umbrella insurance do I need?

I'm trying to sort out how much umbrella insurance I need. They usually say that you should have enough to cover all your assets and in my case $1 million is way more than my assets. I don't understand why people recommend that your amount of umbrella insurance be related to the assets you have. Ge...
by daave
Mon Jan 19, 2015 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Australian superannuation help
Replies: 8
Views: 1117

Re: Australian superannuation help

But those will be PFICs, right? Please read about and understand the PFIC rules as they apply to any Australian-domiciled funds. You (collective you) may be stepping on a landmine without knowing it. Yes, it is a nightmare. As I read the rules, Superannuation accounts are indeed considered PFICs by...
by daave
Mon Jan 19, 2015 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Australian superannuation help
Replies: 8
Views: 1117

Re: Australian superannuation help

rob wrote:You can transfer to Vanguard Oz to get better expense ratios..... maybe high growth or alike.


Vanguard Australia doesn't offer Superannuation accounts, but you can buy Vanguard Australia funds through Plum (and possibly others?).
by daave
Sun Jan 18, 2015 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Australian superannuation help
Replies: 8
Views: 1117

Re: Australian superannuation help

High expense ratios (1% and above! Sadly not uncommon in Australia). Active management. Leveraged equity investments. Individual-country funds. Four things I think most Bogleheads would run away from. I'm in a similar situation to you (Aussie ex-pat living in the US, with a small Super account back ...
by daave
Sat Dec 27, 2014 6:32 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1527
Views: 270753

Re: What are you up YTD?

I'm in my mid 20's and have 90/10 asset allocation. YTD performance is about 8.3%, which I feel is a little low. My investment elections are broken down below, any thoughts/suggestions are invited and would be greatly appreciated: Fidelity Low-Priced Stock Fund (FLPKX) - 30% Fidelity Contrafund (FC...
by daave
Fri Dec 26, 2014 1:57 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1527
Views: 270753

Re: What are you up YTD?

^ "annualized" means much less YTD. (Edit: Sorry, I'm dumb, I conveniently ignored the word "annualized" in daave's post, as pointed out to me below by livesoft. Please accept my apologies!) No, my apologies. Using annualized figures when everyone else is using YTD figures is su...
by daave
Thu Dec 11, 2014 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: (Poll) Did you tap into emergency fund in the past 10 years?
Replies: 64
Views: 7525

Re: (Poll) Did you tap into emergency fund in the past 10 ye

Everything I own is in my emergency fund. I tap into it monthly. I don't think that is in the spirit of what the OP is asking. I believe the question is about unplanned expenses. Perhaps a better way to phrase the question would have been "Have you had a financial emergency in the past 10 year...