Search found 718 matches

by ryman554
Fri Sep 22, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2173

Re: Large Mortgage

Today != Yesterday != Tomorrow Today's jumbo rates are indeed larger than regular. I've been watching. That was patently not true in the recent past and may not be true in the future. That whole supply and demand thing turns out to matter in addition to default risk. Two posters now commented on the...
by ryman554
Fri Sep 22, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2173

Re: Large Mortgage

3.125 for a huge mortgage is better. I also don't think rate will go lower. But I'm really surprised that you can get this rate. Last I looked on PenFed, it was a lot higher for a conforming loan. Conforming != jumbo. I, too, was surprised to find cases where the jumbo rate was less than the confor...
by ryman554
Fri Sep 22, 2017 9:10 am
Forum: Investing - Help with Personal Investments
Topic: advice on possible brokerage Link
Replies: 9
Views: 559

Re: advice on possible brokerage Link

Thanks for the replies. Yes, I double checked and their is no brokerage link fee or fee to transfer money in. We just have to have $500 minimum to use the brokerage link. From thinking through the replies, I think I will start moving money into the brokerage link and just purchase the same fidelity...
by ryman554
Fri Sep 22, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: What are the benefits of rolling over after tax 401k to a Roth IRA?
Replies: 10
Views: 576

Re: What are the benefits of rolling over after tax 401k to a Roth IRA?

I only roll over to an IRA or Roth IRA when I leave a company. The OP is talking about an after-tax (not traditional or roth 401(k)), of which many plans have the ability to rollover immediately to IRAs. Given that the after-tax 401(k) contributions functions exactly as a non-deductible traditional...
by ryman554
Thu Sep 21, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: advice on possible brokerage Link
Replies: 9
Views: 559

Re: advice on possible brokerage Link

Brokeragelink is great. I would be surprised if there were a fee to transfer in; it's usually just another investment option listed amongst your existing options. But fidelity "spartan" funds (spartan name is gone, but funds remain) that have ERs <= 0.1. You can get all the US, international, and bo...
by ryman554
Thu Sep 21, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 198
Views: 17745

OP needs different advice from what is asked

OP: Read cella's reply above. Your finances are an absolute disaster. You are making almost 200k/year and you have 500k in debt that is due imminently. You make way too much to owe that much. You need to do three things. 1. Get on a budget and figure out how to live on 50k/year, not including saving...
by ryman554
Wed Sep 20, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Tracking HSA investment income/cost basis for CA state taxes
Replies: 10
Views: 830

Re: Tracking HSA investment income/cost basis for CA state taxes

I have considered just getting a TIPS fund (which would help some for the CA taxes, though the capital gains issue would remain), but I already have i-Bonds as a large portion of my bonds allocation. You could also use an ordinary Treasury fund in the HSA, and shift your other bond holdings more to...
by ryman554
Wed Sep 20, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: 5-6 wks. for IRA transfer, (expletive deleted)
Replies: 10
Views: 1163

Re: 5-6 wks. for IRA transfer, (expletive deleted)

So, why does the OP not just do an indirect transfer at this point? Would be significantly faster. Withdraw, don't withhold, deposit. Just remember that you have one per 365.25 period across all accounts. And that you are working with banks which may be annoyingly obtuse to deal with. However, given...
by ryman554
Tue Sep 19, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: ESPP Shares - Transfer to Brokerage - Wash Sale Considerations
Replies: 2
Views: 248

Re: ESPP Shares - Transfer to Brokerage - Wash Sale Considerations

Bump... For what it's worth, I called ComputerShare, and the representative was just reading off the script on what a wash sale is...but when pressed, she said they don't offer tax advice. I don't want tax advice...I want to know if they track future purchases and adjust the cost basis, per wash-sa...
by ryman554
Sat Sep 16, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2022

Re: 15 vs 30 year refinance vs cash out refinance

You should not focus on how much interest you are paying to the bank, but on how your debt costs you (in interest) versus how much it benefits you (in the return). I could pay off my mortgage, but I get a benefit from keeping the mortgage because it allows me to invest more (and I don't take any mo...
by ryman554
Sat Sep 16, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Prior years attorney fees I paid is being retuned by my attorney, now what with taxes
Replies: 12
Views: 1118

Re: Prior years attorney fees I paid is being retuned by my attorney, now what with taxes

You've hit on a situation that is not all that clear in the law and has been litigated at length. The equitable result is to claim an amount of income in the current year that will result in a tax equal to the amount of tax you saved through the deduction. There are other ways you could treat this,...
by ryman554
Tue Sep 12, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Thank you bull market!
Replies: 6
Views: 1964

Thank you bull market!

I am, at least, temporarily, a member of the two comma club. Is this like Fidelity Premium Services or Vanguard Admiral Shares where you get to keep your title even if the market takes it away tomorrow? Thanks to my wife's frugality, many examples and pointers from my five years on this board, the s...
by ryman554
Tue Sep 12, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: China to ban petrol cars
Replies: 64
Views: 4229

Re: China to ban petrol cars

Electric vehicles currently in production have many disadvantages over ICE vehicles: 4) Low horse power on freeway. Hahahahaha. Wanna race? I don't think you'll win in your electric car. I'm not talking a quarter mile Fast and the Furious race. Shaving two seconds off a very short drive doesn't do ...
by ryman554
Tue Sep 12, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: After Tax contribution roll over to Roth IRA or Employer Roth account
Replies: 6
Views: 672

Re: After Tax contribution roll over to Roth IRA or Employer Roth account

BHs: I have reached the limit for contribution for the current year for Pretax 401 K, Roth 401 K and After tax. From past couple of years, I have accumulated over $15K in after-tax in MM funds, it shows a gain of $40. Question- Does it matter whether the rollover is from after tax contributions to ...
by ryman554
Sat Sep 09, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Company Sold, Now does this make sense?
Replies: 13
Views: 2075

Re: Company Sold, Now does this make sense?

Thanks for the great replies. They definitely challenged me to think. 3.5M isn't going to cut it for true retirement. I think that number needs to be 7-8M if we continue to live in the very high cost San Francisco Bay Area. Kids are in high school ( 529s fully funded) and in 5 years we might consid...
by ryman554
Fri Sep 08, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Don't want to lock down in IRA until I am 59.5
Replies: 12
Views: 1248

Re: Don't want to lock down in IRA until I am 59.5

And then would have to pay taxes on all withdrawals from the tIRA. There is tax drag due to capital gains at <15% but the return of principal is tax free. It's a lot more subtle of a difference between taxable and tIRA than you claim. While a ROTH is almost always be better than tIRA, and always bet...
by ryman554
Thu Sep 07, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: Three Centuries of Asset Returns, 1694-2015
Replies: 35
Views: 3996

Re: Three Centuries of Asset Returns, 1694-2015

I found your post interesting and wanted to consider another possibility: that long term returns much greater than 5% are not sustainable economically due to early retirees withdrawing from the labor pool. Assuming a person begins saving for retirement at age 22, I calculated the age at which a per...
by ryman554
Wed Sep 06, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8373

Re: When calculating net worth, how do you value your house?

I don't count car or home. Should I? IMHO, no. KlangFool For Net Worth, you should. But Net Worth has a very specific meaning and does not correlate perfectly with being able to eat in the short term (but does much better for the long term) which is why we keep getting these questions every couple ...
by ryman554
Wed Sep 06, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Percentage of Assets Outside of Tax-Deferred Retirement?
Replies: 15
Views: 1293

Re: Percentage of Assets Outside of Tax-Deferred Retirement?

Early career folks should be maxing out ROTH, which is easy to withdraw from. Same with HSA, for medical bills, anyhow. Money that has a purpose (like house, car funds) shouldn't be invested in anything much more risky than a CD. Mid career folks want to minimize taxes, so a 401(k) is your best bet....
by ryman554
Tue Sep 05, 2017 5:47 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 353
Views: 33894

Re: Michael Kitces 4% rule podcast on Madfientist

As someone who *would* keep it simple and use something like a 3.5% perpetual SWR to define a yearly income stream (of which I may or may not spend), I believe the answer to your question is "yes". The calculations become nearly impossible to simply run when taking into account SS income "appearing...
by ryman554
Mon Sep 04, 2017 8:50 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 353
Views: 33894

Re: Michael Kitces 4% rule podcast on Madfientist

So from this, if I'm retiring at 35 I should buy 35 years worth of TIPS, and a single premium immediate annuity, outside of my main portfolio? Also, what percentage of my expenses should come from the stable income portion vs the VPW portion? As someone who *would* keep it simple and use something ...
by ryman554
Fri Sep 01, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Living Expenses - what's "reasonable"?
Replies: 101
Views: 8828

Re: Living Expenses - what's "reasonable"?

Expect to spend as much or more than you spend now. Except you aren't saving as well. Otherwise, I tend to agree. For me, I project ~$60k in today's dollars after income (not property) tax expenses for the "essentials" in a HCOL area, assuming a paid off home. We could move to a M-LCOL area and a c...
by ryman554
Wed Aug 30, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor or Pay Down Loans?
Replies: 20
Views: 1300

Re: Mega Backdoor or Pay Down Loans?

Option 4: Invest it all in taxable and/or ROTH if you can get it there without incurring too much of an early withdrawal penalty. (Remember -- rollovers, of which the various back-doors are, have their own 5 year rule). But pretend this is a loan-payoff fund, not a retirement fund. Pay off the loan ...
by ryman554
Wed Aug 30, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Restricted Stock Units...Profit?
Replies: 23
Views: 1747

Re: Restricted Stock Units...Profit?

Good companies withhold some amount (25% + state) of the RSU as the vest to cover the taxes -- much in the same way they do for bonus money. You'll typically vest less than this, but all will count as income and you will see your withholding (ie, tax paid) grow by the difference in the net vested am...
by ryman554
Tue Aug 29, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?
Replies: 34
Views: 3743

Re: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?

Explain to me now with these measly returns why would anyone bother with stocks and not just buy duplexes / triplexes , polish them up and rent them out, netting 8-12% annual profit from the cost of property? Honest question. When I asked about investments, this is what I meant. There is a huge dif...
by ryman554
Thu Aug 24, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA: segregate accounts from different sources?
Replies: 9
Views: 730

Re: Inherited IRA: segregate accounts from different sources?

One further thought: if there is any chance that your cousin might someday move to a state other than NY with a different state income tax system, she might want to keep the two rollover accounts separate, just in case. that is the advice I would have given. Since these are special, co-mingling the...
by ryman554
Sun Aug 20, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion 5yr Holding Period?
Replies: 20
Views: 1906

Re: Roth Conversion 5yr Holding Period?

Now you have to determine how you will use this basis if your TIRA is down to $1. One way to do that if you still have a QRP in place is to do a partial direct rollover from the pre tax QRP to an IRA equal to your basis. You then convert that rollover amount to a Roth IRA tax free applying the rema...
by ryman554
Fri Aug 18, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 15977

Re: Lost $7000 today in ONE DAY!

Hi everyone, I lost $7000 today in one day. My portfolio is below. Ironically, I've just returned from a store where I was arguing with a cashier over 0.50 cents! Got home and saw that the portfolio went down by $7k... :oops: Should I change the allocation if this kind of downswing bothers me? :con...
by ryman554
Fri Aug 18, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion 5yr Holding Period?
Replies: 20
Views: 1906

Re: Roth Conversion 5yr Holding Period?

1. Convert when the markets crash. Really! If you want to convert 100 shares of Fund X at $50 now and next month the shares are worth $25, convert then. I think of it as "stocks (and conversion taxes) are on sale". If you have already converted earlier in the year, leave the first conversion there ...
by ryman554
Fri Aug 18, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 15977

Re: Lost $7000 today in ONE DAY!

What, did something happen? Paul Yeah, I'll tell you what happened. It's ryman554 investing a significant bolus of money (>$10k) earlier this week during the semi-annual bonus/RSU/ESPP money recovery process. It never fails to cause corrections of roughly the same amount of $$ that was put in.... I...
by ryman554
Thu Aug 17, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Another bay area housing thread..
Replies: 143
Views: 13117

Re: Another bay area housing thread..

watchnerd wrote:
Thu Aug 17, 2017 12:00 pm
ryman554 wrote:
Thu Aug 17, 2017 11:03 am
watchnerd wrote:
Thu Aug 17, 2017 9:39 am
I'll tell when it closes.
More than three days after closing, I hope.....
What's the significance of 3 days?
Apparently, the buyer still has three days after close of escrow to cancel the sale. States may vary, but just in case the buyer is looking here... =)
by ryman554
Thu Aug 17, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Another bay area housing thread..
Replies: 143
Views: 13117

Re: Another bay area housing thread..

watchnerd wrote:
Thu Aug 17, 2017 9:39 am
I'll tell when it closes.
More than three days after closing, I hope.....
by ryman554
Thu Aug 17, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: How long to keep IRA records?
Replies: 54
Views: 3440

Re: How long to keep IRA records?

Thanks for all the useful information folks. Can't believe I've misunderstood this concept all these years. The good news is that I've kept good records, which are discussed in the instructions for FORM 8606. There is another "work around" similar to the one I mentioned above, but closer to what yo...
by ryman554
Wed Aug 16, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: How long to keep IRA records?
Replies: 54
Views: 3440

Re: How long to keep IRA records?

Didn't mean to go on a tangent here, but my point was when you have deductible AND non-deductible in the same IRA account, in other words co-mingled contribution dollars, it can get difficult for you or your beneficiaries to determine the correct taxable amount. My personal situation is to liquidat...
by ryman554
Wed Aug 16, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Inherited Bond - Should I sell?
Replies: 13
Views: 1233

Re: Inherited Bond - Should I sell?

Without even looking at what the bond is, I say "sell". This is a blanket statement good for any inheritance. This comes from the perspective of my (sadly) medium-term plan to sell everything I can at the day of death to simplify my life later. There is no other time when you get the ability to reba...
by ryman554
Wed Aug 16, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: 30,000 in Checking Account
Replies: 101
Views: 12770

Re: 30,000 in Checking Account

It seems a lot of you guys think a 4% return is good and I should be happy with that. I guess the way I look at it, at my age (31) I would like to see a 8% return at this point in my life Most of us no matter our age would be ecstatic about reliable 8% returns. But that's not on the table. You shou...
by ryman554
Tue Aug 15, 2017 8:46 am
Forum: Investing - Theory, News & General
Topic: Caution for those using fidelity brokeragelink and rollovers
Replies: 3
Views: 444

Re: Caution for those using fidelity brokeragelink and rollovers

I rolled in some money into fidelity brokerage link. The money was allocated automatically according to instructions for future contributions such as from paychecks. I had standing investment orders all weekend and Monday morning, When I got home Monday evening, the orders were cancelled by Fidelit...
by ryman554
Tue Aug 15, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: 30,000 in Checking Account
Replies: 101
Views: 12770

Re: 30,000 in Checking Account

It's a 401a plan. And Yep I don't have a choice of funds to select, just get the 4% return Yes, 8.5% is the max the state will put in. They will not put in more if I invest more than 6% It's also a 4% guaranteed rate of return. Do not discount the guarantee part of it.... This is better than any bo...
by ryman554
Mon Aug 14, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: MiFi for International Travel
Replies: 10
Views: 1017

Re: MiFi for International Travel

Better yet is to go get a Google Fi plan.

International data costs the same as domestic data.

For a frequent international traveler, can't be beat.
by ryman554
Mon Aug 14, 2017 8:14 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 65
Views: 7253

Re: Dave Ramsey spends two segments on his investing advice

We should separate his "get out of debt" advice from his investment advice. The former can be life changing for those in debt. The latter, well, it's not the Boglehead way. His advice on personal finance is junk, too. He preaches extreme debt aversion and if you follow his advice, you'll end up dir...
by ryman554
Sat Aug 12, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down home or increase Retirement Contributions
Replies: 21
Views: 1456

Re: Pay down home or increase Retirement Contributions

I am a fan of paying off the mortgage. Why, you never know what lies in the future. Like loss of job and delay of getting another job. Easy to pay bills when no mortgage. To me, potential job loss is an argument against prepaying a mortgage. You need liquidity to deal with a long period of unemploy...
by ryman554
Fri Aug 11, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Feeling guilty about travel expenses
Replies: 25
Views: 3150

Re: Feeling guilty about travel expenses

I have a yearly net income of 29k Euro With my last 2 trips I spend combined about 5k and the trip in September will cost me around 3k so that's 8k total. That is roughly 27.5% of my yearly net income, it's also more than my investment contributions, which are about 3k per year. I am of two minds: ...
by ryman554
Fri Aug 11, 2017 9:30 am
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8498

Re: 4% Rule has changed.....not

The only time it "failed" was because of inflation. So far, a stock market crash hasn't been enough to derail it. And again, 'failed" for most people here means you go on 2 vacations a year instead of 4. It doesn't mean you eat cat food under a bridge. 4% is very conservative. We agree on the 4% ru...
by ryman554
Wed Aug 09, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: What is an appropriate lower risk asset allocation once one has "won the game"
Replies: 50
Views: 6123

Re: What is an appropriate lower risk asset allocation once one has "won the game"

Questions like this draw comments from all angles. It boils down to this: Forget about the wiki. OP: Ask yourself, what are you investing for? I will assume that your income stream > 100% of your current burn rate. I don't believe in "winning the game", but this is as close as one is going to get to...
by ryman554
Tue Aug 08, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4305

Re: Deja Vu.. are there too many houses for sale?

Typically no--sellers review all offers at a time specified in advance--prospective buyers put "escalator" clauses in their offers saying they will bid, say, $350k but will outbid any competing offers by $2000 (or whatever) up to a limit, like $475k. Who in their right mind would make an offer like...
by ryman554
Tue Aug 08, 2017 9:31 am
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4305

Re: Deja Vu.. are there too many houses for sale?

Typically no--sellers review all offers at a time specified in advance--prospective buyers put "escalator" clauses in their offers saying they will bid, say, $350k but will outbid any competing offers by $2000 (or whatever) up to a limit, like $475k. Who in their right mind would make an offer like...
by ryman554
Mon Aug 07, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Sale of Stock and Taxes
Replies: 10
Views: 849

Re: Sale of Stock and Taxes

The tax on ESPP is not too hard. There are two components - the discount that you got from fair market value (FMV) and the appreciation since you bought the stock. The discount is taxed as normal income unless you hold it long enough and then it is converted into long term capital gains. The holdin...
by ryman554
Mon Aug 07, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Sale of Stock and Taxes
Replies: 10
Views: 849

Re: Sale of Stock and Taxes

When you exercise, you pay AMT on the delta from strike and FMV. For an ISO subject to AMT, yes. When you then sell, you pay LTCG on delta from strike and new-FMV (sale price). Double tax. Not necessarily. If you are still in AMT, then you use the AMT basis and pay LTCG on your difference between e...
by ryman554
Mon Aug 07, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Another advantage of airline credit cards
Replies: 10
Views: 1922

Re: Another advantage of airline credit cards

I mostly agree with this logic; it's only because of the other benefits that I continue to use the United card. The reason for "mostly" is that a lot of my United frequent-flyer miles come from actually flying; a cross-country round trip is 5000 miles. The card increases the value of those miles, a...
by ryman554
Mon Aug 07, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Sale of Stock and Taxes
Replies: 10
Views: 849

Re: Sale of Stock and Taxes

You are never taxed on the same income twice. espp plans are complex... Please look at plan literature since likely none of this has been taxed, but all of your contribution be has been rsu are almost always withheld for taxes. You should only owe cap gains for this. Note to self, never reply to a ...