Search found 785 matches

by ryman554
Sat Nov 18, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Smoothing out a Property Tax bill
Replies: 11
Views: 203

Re: Smoothing out a Property Tax bill

I have a $1000 withdrawal to my saving account monthly for just this purpose (and other semi-yearly bills).

Works for me....
by ryman554
Sat Nov 18, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 64
Views: 4317

Re: Asset allocation for 5% return

Thank you for replies . Quentin and Ryman and others , Basically , the way I see it , the company should be able to guarantee 5% return for the participants ( cash balance plan is a type of pension plan with guaranteed benefit). My perspective is at present time ,the company can afford to guarantee...
by ryman554
Sat Nov 18, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Sale of Home Proceeds - Net Loss & No plans to purchase for 2 years
Replies: 4
Views: 262

Re: Sale of Home Proceeds - Net Loss & No plans to purchase for 2 years

Thank you. And yes. But in all honesty, the horizon is likely 3-5 years. So thank you for asking me to clarify my thinking. Even at 3-5 years, CDs are likely the best choice. IF you are sure you are going to purchase another house. You really don't want to be timing buying a house with a potential ...
by ryman554
Fri Nov 17, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Invested more than $5500 in IRA - Help
Replies: 12
Views: 789

Re: Invested more than $5500 in IRA - Help

Hi Ryman, You are right I am contributing via a workplace plan into a roth 401(k). I had read a few threads here where it was mentioned that its best to invest in the traditional 401(k) only upto the amount that your company matches (6%) and invest the rest in a post -tax Roth account. I believe gi...
by ryman554
Thu Nov 16, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Invested more than $5500 in IRA - Help
Replies: 12
Views: 789

Re: Invested more than $5500 in IRA - Help

I called Fidelity and they clarified that I had a ROTH account (and not an IRA account like I thought). So the contributions are under the $18,000 limit per year. Feel stupid not knowing this but wanted to clarify. Thanks ! ROTH 401(k) or ROTH IRA? The former combines with your traditional 401(k) a...
by ryman554
Thu Nov 16, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 48
Views: 3214

Re: Help with Understanding How to Handle Bonus

Thanks for the feedback. I guess my thought is that the bonus is so much more than I expected that I could use a part of it to help lower my tax bill while also still paying down a big chunk of the loans. The bonus should bump us into the 28% bracket, so I at least want to consider if I can get us ...
by ryman554
Tue Nov 14, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 64
Views: 4317

Re: Asset allocation for 5% return

And I as the owner of the company take the risk No, you as the owner of the company most certainly do not take the risk unless you have a personal liability if the company goes under. The company takes the risk. When the liabilities for this little plan become too large because you either underfund...
by ryman554
Mon Nov 13, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 64
Views: 4317

Re: Asset allocation for 5% return

Kevin, Thanks for your reply . One strategy is to go with broad index funds . If I want to go with bond funds only or treasuries or cds (no stock funds ) , does anybody have Any input what combination of these conservative investments might come close to 3-4% return ( I know 5% would be difficult )...
by ryman554
Mon Nov 13, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 7940

Re: $23k credit card emergency

I don't drive a lot during the week but on the weekends (like 2x a month) I'll visit my family and friends about 40 miles each way. I usually drive around a lot since I take my mom on errands (she doesn't drive). Especially with LA traffic, it can take a toll on your gas. I guess $150 is a bit on t...
by ryman554
Mon Nov 13, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 5% return
Replies: 64
Views: 4317

Re: Asset allocation for 5% return

Like dbr , I am not qualified to make any recommendations, so let me say this: There are no existing set of funds that guarantee 5% each and every year. Quit looking for them. I don't pretend to understand what the difficulty is in earning *more* than 5%, I don't pretend to understand what your with...
by ryman554
Thu Nov 09, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Selling ISOs and AMT
Replies: 23
Views: 1240

Re: Selling ISOs and AMT

Water under the bridge now, but, in AMT-land, ISO = NQO (to a very good approximation). It is therefore never a good idea to exercise ISO in AMT unless you can sell immediately due to single stock risk and the non-insignificant likelihood of the stock crashing below exercise price. It's great to ex...
by ryman554
Thu Nov 09, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Declaring Tutoring Income
Replies: 16
Views: 2415

Re: Declaring Tutoring Income

mattyfu1 wrote:
Wed Oct 25, 2017 5:15 pm
I ask for cash...
Promoting tax evasion (and that's what it is) is not allowed on this board.
by ryman554
Thu Nov 09, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Selling ISOs and AMT
Replies: 23
Views: 1240

Re: Selling ISOs and AMT

Thank you both for the discussion. I'm normally paying a small amount of AMT (looking at past returns), but I'm taking your thoughts into consideration. In terms of last years filing, which includes the ISO exercise, it pushed me significantly into AMT territory. I'm going to do a little research t...
by ryman554
Thu Nov 09, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Term Life - Time to cancel?
Replies: 33
Views: 2734

Re: Term Life - Time to cancel?

How do you come to the $130,000 figure? The way I figured it, if $1M in coverage when I had nothing, was enough then all other things being equal one should not need the coverage when they have accumulated $1M. Of course it is in the market so it won’t always be worth $1M. And, I had no kids when I...
by ryman554
Wed Nov 08, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Selling ISOs and AMT
Replies: 23
Views: 1240

Re: Selling ISOs and AMT

Thank you missingdonut. Is this why I'm reading that an qualifying ISO sale results in a negative adjustment on my AMT? Yes, that's correct. Also, you might also be able to claw back some of the AMT you paid when you sell the shares. I seem to recall that, as soon as you are out of the AMT, you can...
by ryman554
Tue Nov 07, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Who would pay the inherited IRA penalty?
Replies: 13
Views: 1029

Re: Who would pay the inherited IRA penalty?

Therefore, if you are a beneficiary and create your OWN separate inherited IRA by the deadline (end of year following year of death) and have taken your share of the year of death RMD by that time (filed 5329 if late), you can totally forget about what the other beneficiaries do or don't do. The IR...
by ryman554
Mon Nov 06, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Term Life - Time to cancel?
Replies: 33
Views: 2734

Re: Term Life - Time to cancel?

The policy is an annual renewable term policy at TIAA. With a dividend, there is no way is it term, although TIAA does not sell whole life, so I am perplexed at what you actually have. As a 50 year old, I cannot believe that an annual-renewable term is (significantly) MORE than the cost of a 50 yea...
by ryman554
Mon Nov 06, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: I can take $15k out of my trad IRA with no taxes - should I?
Replies: 37
Views: 3245

Re: I can take $15k out of my trad IRA with no taxes - should I?

Yes. A conversion to a Roth IRA is like making a withdrawal from traditional and then a Roth contribution. It is only superficially like what you describe. Do note that the conversion locks up the funds for 5 years (at least it does pre-59.5, haven't checked post-59.5), so if you have to withdraw t...
by ryman554
Thu Nov 02, 2017 9:04 am
Forum: Investing - Theory, News & General
Topic: Robert Prechter, Elliott Wave theorist, Fox Business today
Replies: 24
Views: 1797

Re: Robert Prechter, Elliott Wave theorist, Fox Business today

Come on guys, lets give the OP a break. There is a reason that investment banks are spending so much on quants and research into chaos theory to predict future results. There has to be some there there in mathematical investing. <tinfoil hat> But the good stuff is not going to be revealed by a guy w...
by ryman554
Thu Nov 02, 2017 8:56 am
Forum: Investing - Theory, News & General
Topic: Expanding on The Rewards Of Multiple Asset Class Investing
Replies: 38
Views: 2589

Re: Expanding on The Rewards Of Multiple Asset Class Investing

To reap the rewards of diversification, one needs to be willing to feel like a fool for extended periods — and more importantly, have the patience and faith that the returns of various asset classes and factors will eventually mean-revert in time. I would go one step further -- you will feel like (...
by ryman554
Thu Nov 02, 2017 8:46 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

So 10% in bond won't help you in down market. You still draw RMD form 90% portion if market is down. When one is a flexible withdrawal rate of 3-4% having 10% in cash allows one to withdrawal solely from that for 2.5 year to 3.3 years. That should very much "help". Previous SWR discussion have show...
by ryman554
Wed Nov 01, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: HSA and Medical Expense Deduction in CA
Replies: 4
Views: 527

Re: HSA and Medical Expense Deduction in CA

You can't "double dip." If you're going to deduct medical expenses on Schedule A, you can't use those "same expenses" to be reimbursed from your HSA. But, on the flip-side, since there is no such thing as an HSA in CA, as far as the taxation is concerned, the OP *can* deduct against CA taxes regard...
by ryman554
Wed Nov 01, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: My 401k is almost all cash now. 1/2 Mil
Replies: 89
Views: 8776

Re: My 401k is almost all cash now. 1/2 Mil

My strategy was, once market drops 20% I will start buying again. It worked in 2008. I moved 100% in sp500. Kept on selling till 2016 Feb. Now I am just waiting. I may start DCA into SPY a little bit and hope for a crash in next few years. This is why "mechanical investing" doesn't work. Or plans b...
by ryman554
Fri Oct 27, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: Going to SF, Yosemite and Sacramento and NOW PORTLAND
Replies: 49
Views: 2316

Re: Going to SF, Yosemite and Sacramento

You're underestimating how long it takes to get from here to there. November may be rainy, it may be glorious. Generally, weather is fine. Getting to/from Santa Cruz is a trek. There is no good way to get there. Take it easy and ignore the idiot tailgaters over the 17. You will use up one day gettin...
by ryman554
Fri Oct 27, 2017 8:18 am
Forum: Investing - Theory, News & General
Topic: Investing Inheritance Late in Cycle
Replies: 27
Views: 3018

Re: Investing Inheritance Late in Cycle

Pay off the cars. I definitely prefer the liquidity and at 0% financing there is no incentive to pay off earlier. Even my bank pays me 1.3% on savings so the spread is free money. OK, pay off the mortgage instead. Especially if concerned about valuation. The OP prefers liquidity and you suggest to ...
by ryman554
Wed Oct 25, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: Free $20 if you have Google Fi
Replies: 7
Views: 1157

Re: Free $20 if you have Google Fi

YHPM.
by ryman554
Wed Oct 25, 2017 10:00 am
Forum: Investing - Theory, News & General
Topic: Is a big basket of stocks really more "diversified" than a smaller basket?
Replies: 22
Views: 1578

Re: Is a big basket of stocks really more "diversified" than a smaller basket?

by alex_686 » Wed Oct 25, 2017 7:14 am To extend this a bit it takes about 20 stocks to capture 80% of the return of the S&P 500. 40 stocks gets you 90%. The benefit of diversification falls as you add more stocks. It does not fall to zero. That is the rationale behind the belief that TSM is the op...
by ryman554
Tue Oct 24, 2017 8:22 am
Forum: Investing - Theory, News & General
Topic: 4% SWR Rule in Other Countries
Replies: 29
Views: 2810

Re: 4% SWR Rule in Other Countries

Ah. Yeah, that won't work. =) But in this case, *cash* is getting your 1.5% real and the argument holds. Given the inflation that the UK is experiencing (from those I know over there), I can't believe that the UK TIPS are what we think they are. I am very confused by what you write. Can you clarify...
by ryman554
Tue Oct 24, 2017 8:15 am
Forum: Investing - Theory, News & General
Topic: Has the general public ever been correct about market crashes?
Replies: 47
Views: 3800

Re: Has the general public ever been correct about market crashes?

harvestbook wrote:
Sat Oct 21, 2017 1:42 pm
Bulls experience long years of irrational exuberance and bears get fleeting moments of grim satisfaction.
Talk to the Japanese circa last 20 years....
by ryman554
Mon Oct 23, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: 4% SWR Rule in Other Countries
Replies: 29
Views: 2810

Re: 4% SWR Rule in Other Countries

Somewhere recently I heard that the 4% rule did not work in 6 of 8 developed countries looked at. Honestly I didn't get all the info and should have. But this brings to mind the obvious question: Is the 4% rule just a fluke of the USA in the 20th century? (I sincerely apologize for starting YET ANO...
by ryman554
Mon Oct 23, 2017 3:48 pm
Forum: Investing - Theory, News & General
Topic: Avoiding the Spiral
Replies: 21
Views: 3148

Re: Avoiding the Spiral

The 4% (3.6ish%, actually) is a empirical observation that worked in the worst cases in modern history in the USA for 70/30 (ish) portfolios. This includes things like the great depression and set by the low returns of the 1960's . IF past data is guide toward the future, you don't need to worry ( m...
by ryman554
Mon Oct 23, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: HRA vs HSA - Simulation
Replies: 3
Views: 501

Re: HRA vs HSA - Simulation

The 'HDHP Analysis' tab in the Personal_finance_toolbox might be useful. Thanks but the spreadsheet didn't go thro' the scenarios I had in mind. Looks like I might have to build my own spreadsheet. There is never any substitute for running the numbers yourself. You gain in understanding and wisdom.
by ryman554
Mon Oct 23, 2017 8:41 am
Forum: Investing - Theory, News & General
Topic: 4% SWR Rule in Other Countries
Replies: 29
Views: 2810

Re: 4% SWR Rule in Other Countries

Somewhere recently I heard that the 4% rule did not work in 6 of 8 developed countries looked at. Honestly I didn't get all the info and should have. But this brings to mind the obvious question: Is the 4% rule just a fluke of the USA in the 20th century? (I sincerely apologize for starting YET ANO...
by ryman554
Sat Oct 21, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 12875

Re: new 401(k) limits announced

^^^ Switching jobs mid-year may also result in over-withholding of your Social Security tax (FICA). See: Social Security and Medicare Withholding Rates , from the IRS, "Wage base limit". The tax software should catch that, though. Actually that's one of the easier refunds to get. It goes as a tax c...
by ryman554
Fri Oct 20, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 12875

Re: new 401(k) limits announced

curious....lets say one automatically contributes $1800 a month from their paycheck which goes directly to their 401/403 custodian from the Payroll Dept at work. At your place of work does this 'automatically stop' at the 18k employee contribution point? (so one can't overcontribute) At my place of...
by ryman554
Wed Oct 18, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Car fund in index fun or savings?
Replies: 19
Views: 1458

Re: Car fund in index fun or savings?

Wow, you really went off the deep end! :| OP is buying a car. But, I'm glad to see most people are on the same page as me :beer I have been known to partake in deep waters from time to time.... It isn't that the OP wants to get a car. It's that it sounds like there is something special about gettin...
by ryman554
Wed Oct 18, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 57
Views: 5272

Re: Best way to make some dollars on a 10 day vacation?

Earl Lemongrab wrote:
Wed Oct 18, 2017 10:26 am
ryman554 wrote:
Wed Oct 18, 2017 9:39 am
Two weeks in another country is great.
For you maybe. For me that would awful.
Why, may I ask?

Is it going two weeks solo, or two weeks somewhere new that is the awful bit?
by ryman554
Wed Oct 18, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: HSA taxation in Calif
Replies: 21
Views: 1729

Re: HSA taxation in Calif

The other option I was looking at was the iShares TIPS Bond ETF(TIP, ER=0.20%). I just realized that for the above fund, I don't meet the 10k minimum, so I would have to buy the Investor version, FSIQX, which has a slightly larger ER at 0.19%. Don't think about it too hard. I do strongly suggest yo...
by ryman554
Wed Oct 18, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: HSA taxation in Calif
Replies: 21
Views: 1729

Re: HSA taxation in Calif

Additionally, the invested part of my HSA I have invested in TIPS fund and the sweep fund is in federal money market, so at least the income is state tax free, and I only have to worry about the cap gains (And I don't reinvest dividends or cap gains automatically, to keep it simpler). Since our HSA...
by ryman554
Wed Oct 18, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 57
Views: 5272

Re: Best way to make some dollars on a 10 day vacation?

As I have no plan for a travel or trip somewhere, and I am single having nobody to accompany,.... Don't rule out taking a solo vacation. When I was single I took a couple of solo trips and had a good time. I found that I met and talked with a lot more people than I normally do when I am traveling w...
by ryman554
Wed Oct 18, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Car fund in index fun or savings?
Replies: 19
Views: 1458

Re: Car fund in index fun or savings?

Why not diversify? - MM account - CDs - Index fund Because I want to make money, and the safest way to make money is by investing in highest risk-adjusted yielding vehicles. Current tribal knowledge on this board indicates low-cost broad-based index funds is the strategy for long term savings, thou...
by ryman554
Sat Oct 14, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issue: Made a mistake on Inherited IRA RMDs for five years
Replies: 38
Views: 2889

Re: Tax issue: Made a mistake on Inherited IRA RMDs for five years

Well, yes, but that is not the only way to get to $0 withholding. One *could* claim 1,000,000 exemptions or something ridiculous. I know the IRS frowns on this by starting to put you on a "lock-in letter", since it's also being driven by not withholding enough, but the RMD withholding strategy prov...
by ryman554
Fri Oct 13, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issue: Made a mistake on Inherited IRA RMDs for five years
Replies: 38
Views: 2889

Re: Tax issue: Made a mistake on Inherited IRA RMDs for five years

OK, now you have me intrigued. Can I take this to the logical conclusion and somehow force W4 into withholding $0 in state and federal taxes over the year on a large-ish salary (> $150k) and then "withhold it" at the end of the year (or the beginning, for that matter, to put into a safe harbor) via...
by ryman554
Fri Oct 13, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Tax issue: Made a mistake on Inherited IRA RMDs for five years
Replies: 38
Views: 2889

Re: Tax issue: Made a mistake on Inherited IRA RMDs for five years

Plus, the bright side of RMDs is that they can be used as estimated payments that were paid through the year even though you may take them as late as Dec 31. You can withhold 100% of the RMD as a tax payment and the IRS considers it like quarterly payments. Sometimes, I personally think this abilit...
by ryman554
Thu Oct 12, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: I need a better online checking w billpay and mobile check deposit
Replies: 34
Views: 2663

Re: I need a better online checking w billpay and mobile check deposit

CapitalOne360 works great for me. I've deposited checks with 25k daily limit via their app, and their bill pay works well for me. Never had any issues with lost checks, and I can get a person on the phone when I needed to. Ebills are well integrated and automatic; the only thing I can't set up to ju...
by ryman554
Thu Oct 12, 2017 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Tax issue: Made a mistake on Inherited IRA RMDs for five years
Replies: 38
Views: 2889

Re: Tax issue: Made a mistake on Inherited IRA RMDs for five years

Thanks for suggestions above - however, keep in mind that this was a $15,000 inherited IRA. I have created a spreadsheet showing the actual RMDs and the "correct" RMDs, and the total difference over the five year period is about $100. I guess I'm wondering whether this is so de minimis that it's no...
by ryman554
Wed Oct 11, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12360

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

What is the external-to-the-market authority whom we all can consult to be told whether market prices are too high, just about right, or too low? Most potential buyers and sellers disagree with each other over prices most of the time. PJW I wonder if it is the AI overlords and their high frequency ...
by ryman554
Mon Oct 09, 2017 8:15 am
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1550

Re: Financial Calculations for Boglehead Presentation

The loan with the higher interest rate is tax deductible (above the line - student loan interest). So you would rather pay the bank $1 and get a 25 cent rebate from the IRS instead of not paying the bank $1? By my count, it would a) cost you 75 cents to hold onto the debt and b) would have been bet...
by ryman554
Sun Oct 08, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: HSA vs. PPO vs. EPO
Replies: 8
Views: 395

Re: HSA vs. PPO vs. EPO

Not only that, but in your case, HDHP is likely not worth it for catastrophic coverage, as your total out of pocket appears be less for EPO and PPO plans. Really, you just need to do the spreadsheet thing and determine the pivot points for medical expenses (including copays and coinsurance and deduc...
by ryman554
Sat Oct 07, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: 3x gross income = house purchase price, should interest rate be taken into account?
Replies: 26
Views: 2208

Re: 3x gross income = house purchase price, should interest rate be taken into account?

Simple answer is: do a budget. Cash flow tells you.

Or replace rent with PITI and repair extras if you want to maintain lifestyle.