Search found 857 matches

by ryman554
Fri Feb 09, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 98
Views: 5616

Re: Live / work in California - Technology Career

Looking for most desirable and have the best weather. Unfortunately, that's not super helpful unless you're making $500k+ yearly. Not kidding. Take the bay area -- it ranges dramatically from coastal (coldish) to inland (gets to 100 in the summer frequently) over a space of 60 miles or so. Within t...
by ryman554
Thu Feb 08, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 87
Views: 7114

Re: How to deal with regret

About one year ago I invested quite a large sum of money in stocks over a few month period. Now I am seeing the gains being rapidly wiped out and I fear that I will soon begin to see some losses. Lauretta: In the past months, you have come on here asking (pumping?) about bitcoin, discussing (advoca...
by ryman554
Wed Feb 07, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Huge afternoon stock drop on 2.5.2018 and stock raise on 2.6.2018 is caused by mutual fund holders
Replies: 46
Views: 6766

Re: Huge afternoon stock drop on 2.5.2018 and stock raise on 2.6.2018 is caused by mutual fund holders

A system at Fidelity could track this data and start selling equity at 3 PM estimating that it will be even cheaper at 4pm. Shortly after 4pm they buy back same amount of equity on a much lower price. The problem here is that Fido can't simply just buy things back after 4pm. I know there is after-h...
by ryman554
Tue Feb 06, 2018 9:03 am
Forum: Investing - Theory, News & General
Topic: RBD alert [Really Bad Day]
Replies: 86
Views: 9994

Re: RBD alert [Really Bad Day]

The psychological reaction I'm seeing is quite interesting. If the stock market had ended 2017 a little lower (about 6% lower) and we have gained 1-2% in 2018, to end up precisely where we are today, Feb. 5 2018, we'd all be happy. Instead, we had a ridiculously exuberant January - we all knew that...
by ryman554
Sat Feb 03, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: AMT People...
Replies: 4
Views: 882

Re: AMT People...

Which is just about the amount retaxed via the SALT cap. In this sense, it functions as a "back door" AMT replacement.

I still make out better (I think) with the rate reduction, but it's close.
by ryman554
Fri Feb 02, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: ESPP - how much extra cash to keep around to cover the smaller paycheck and when?
Replies: 6
Views: 519

Re: ESPP - how much extra cash to keep around to cover the smaller paycheck and when?

It would be easy to always keep, say, the entire $6-7k extra in my checking account which gets whittled down until the payout from the sale, but that's money sitting around not earning anything. Do this, and here is the fallacy: After the first ESPP cycle, I believe you realize that the ESPP become...
by ryman554
Wed Jan 31, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Wow: Shiller PE is 34.52
Replies: 52
Views: 6267

Re: Wow: Shiller PE is 34.52

Schiller recently said that stock AA should be on the lower side. Other analysts think it's wonderful the earnings surprises last quarter. I think I'll go with Schiller. Why, may I ask, would you go with Shiller (who, admittedly, in a post below yours, said that CAPE should not be used to market ti...
by ryman554
Sun Jan 28, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: rebalance based on pre or post tax values?
Replies: 9
Views: 564

Re: rebalance based on pre or post tax values?

Unless you are talking about taxable account, it doesn't matter.

You can always exchange $$ between account with no penalty with tax advantage accounts, so it really is one big lump of cash.
by ryman554
Thu Jan 25, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: Seeking help with Asia airline flights
Replies: 6
Views: 378

Re: Seeking help with Asia airline flights

We will be taking two Asian tours, back-to-back, in September and October 2018. We need to book three airline flights. We would like to fly business class from San Francisco to Beijing. Economy from Shanghai to Ho Chi Minh City, Vietnam. (Not sure of class) Siem Reap, Cambodia to San Francisco. Our...
by ryman554
Wed Jan 24, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Trying to pay down mortgage, but...
Replies: 32
Views: 2937

Re: Trying to pay down mortgage, but...

Isn't there option D: D. Stop automatic bill pay via your mortgage servicer, instead do bill pay via your checking account each month and contribute whatever you want. Even if D would only advance your due date by your mortgage servicer's accounting, if you keep making the monthly payment (plus any...
by ryman554
Wed Jan 24, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Help with Inherited IRA RMD
Replies: 11
Views: 855

Re: Help with Inherited IRA RMD

There's reasonable argument for prioritizing low-volatility assets such as bonds in an account currently generating RMDs; switching the whole account to the Schwab bond index and having a higher stock allocation in other locations would therefore be one possibility to consider, +1. I'd stick my ent...
by ryman554
Wed Jan 24, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9082

Re: The Power of Working Longer

I'm 25 and never want to retire. I'm 35 and life with kids is looking rosy, and I'm running marathons! I'm 45 and counting the days (ok, years, really) until FI. Oh, and I'm fat and lazy too. I wonder what I'll think when I'm 55. *** As you get older you value time more than money. And you realize t...
by ryman554
Wed Jan 24, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: am I crazy to do a lump sum investment with my entire retirement in this current stock market?
Replies: 47
Views: 5802

Re: am I crazy to do a lump sum investment with my entire retirement in this current stock market?

Here's a stunning thought. I lump sum my retirement (and other) funds EVERY SINGLE DAY, even in this stock market because I don't sell them for cash. Read it again and internalize it. I am new to investing. I am 35 yr old and my husband and I are both high-earners. I'd like to retire early... maybe ...
by ryman554
Tue Jan 23, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax and backdoor Roth IRA error?
Replies: 4
Views: 382

Re: TurboTax and backdoor Roth IRA error?

Did you enter the Roth as a contribution? It's a conversion from a traditional IRA to a Roth IRA, not a contribution. Enter the Traditional IRA as a contribution then do a conversion to the Roth. That's almost undoubtedly it. You contributed $5500 to your tIRA You contributed $0 to your ROTH. You c...
by ryman554
Mon Jan 22, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 354
Views: 34882

Re: Year 2000 retirees using the '4% rule' - Where are they now?

RMDs are not the bugaboo that many think they are. And if you don't need the RMDs, you can just reinvest them through a taxable account. This bears repeating and highlighting. So many times I have seen folks ask what to do with the part of their RMD they don't need. There is the unspoken need to sp...
by ryman554
Mon Jan 22, 2018 9:24 am
Forum: Investing - Help with Personal Investments
Topic: 4% Rule Clarification in regard to taxes
Replies: 6
Views: 1020

Re: 4% Rule Clarification in regard to taxes

In my case, I just targeted the same net taxable income in retirement as when working, 1099-R vs W-2. So there was less confusion on this issue. Others with more diversified portfolios will need to think differently... That's a bit high, unless you are discounting savings as well. That's something ...
by ryman554
Sat Jan 20, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 354
Views: 34882

Re: Year 2000 retirees using the '4% rule' - Where are they now?

What is the recommended SWR for those not interested in leaving behind a portfolio (i.e., no heirs)? I guess this would be calculated by discovering a percentage that resulted in that graph ending at $0 at the end of x# years? Understand what "SWR" means. It means a maximal withdrawal rate that doe...
by ryman554
Thu Jan 18, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 72
Views: 5175

Re: Exit strategy for bitcoin

Because things grow, and it's impossible to predict where the growth will occur, please buy everything . Dont pick and choose, don't try to time it, don't get cute. Just buy everything and focus on improving your life elsewhere. If you want to gamble on bitcoin, go for it. But don't then come askin...
by ryman554
Thu Jan 18, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 72
Views: 5175

Re: Exit strategy for bitcoin

the truth is that I bought because it went up so much , so I bought it 'just in case' it continues to go up at a similar rate. I don't think it will have a use as a currency, but I like the argument that it should be considered a commodity and it might perhaps replace gold, in which case it still h...
by ryman554
Tue Jan 16, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 354
Views: 34882

Re: Year 2000 retirees using the '4% rule' - Where are they now?

But if you're planning for a 40 year retirement, 4% might not be overly conservative. I keep hearing this from folks, and I can't figure out why the "SWR" for 40 years has to be significantly lower than for 30 years. There's lot of feeling out there, but no real hard data. Yes, we do not have a who...
by ryman554
Tue Jan 16, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 354
Views: 34882

Re: Year 2000 retirees using the '4% rule' - Where are they now?

But if you're planning for a 40 year retirement, 4% might not be overly conservative. I keep hearing this from folks, and I can't figure out why the "SWR" for 40 years has to be significantly lower than for 30 years. There's lot of feeling out there, but no real hard data. Yes, we do not have a who...
by ryman554
Tue Jan 16, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Gifted $1,000: Max out Roth or go towards smaller balances on credit cards?
Replies: 10
Views: 595

Re: Gifted $1,000: Max out Roth or go towards smaller balances on credit cards?

Use $387 of that $1000 to pay off the 27.9% credit card. Then use $613 to pay down the 23.9% credit card. Then find--somehow, someway--a way to accumulate another $1940 to pay off the rest of the credit cards. Then start an emergency fund so that you don't ever have to carry a balance on a credit c...
by ryman554
Fri Jan 12, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Minimum $10k funds: If you start with $10k and it drops; how big of an issue is that?
Replies: 4
Views: 558

Re: Minimum $10k funds: If you start with $10k and it drops; how big of an issue is that?

I've begun the process of rolling my accounts over to Fidelty and have been pleased with the process. Until now I have had everything in FSTVX, but as the account grows (and other rollovers complete) I will be looking to add a dedicated International Fund and Bond fund. The question is this: If you...
by ryman554
Wed Jan 10, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 354
Views: 34882

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Donations: I give very minor charitable donations on a regular basis, but gave a million $ just before each of the two major market falls since 2000. Because it was only after the major market run-ups that I felt I could afford doing so. I feel that after the recent market run-ups, now might also b...
by ryman554
Tue Jan 09, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 249
Views: 35709

Re: Fidelity free Turbotax

Easy, and been discussed before. Private Client. (>1M in household assets, 401(k) may be excluded) Active trader. (not very bogleheadish) If you have to ask if you are either of the two, you aren't. Go buy a copy. Your 401(k) is not excluded from Private Client calculations, although ONLY having a ...
by ryman554
Tue Jan 09, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 354
Views: 34882

Re: Year 2000 retirees using the '4% rule' - Where are they now?

What this shows is that, yeah, a 4 % withdrawal rate, upped w inflation, works over 30 years. But you have to have a stomach of steel and be ok watching your nest egg get at least partially consumed. This argues for Bernstein’s more conservative 2-3%. Your retired and have no income. Why should you...
by ryman554
Sun Jan 07, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: How often to invest; or: how to avoid commissions?
Replies: 21
Views: 1529

Re: How often to invest; or: how to avoid commissions?

I opened a brokerage account with Schwab recently and I am really happy with it. With the help of you guys, I invested a lot of my money already (see here ). I am now working on my investment plan, and I'd like to make sure I can invest every month (or ideally every pay period). My problem now is t...
by ryman554
Sun Jan 07, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: 3rd update from a panicked investor
Replies: 14
Views: 3142

Re: 3rd update from a panicked investor

Your portfolio appears to be quite risky compared to your age. At age 48 the typical percentage of bond ownership would be 38% of total asset. Says who? Age-10 in bonds? Not a particularly good rule, IMHO, or at best one with very little theoretical justification. Look at the glide paths for target...
by ryman554
Fri Jan 05, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7821

Re: Paying off mortgage before investing at all?

I've heard this advice to just save the money you would use to pre-pay your mortgage in a separate account until that account is big enough to pay off the mortgage in one fail swoop. This can certainly make sense, but let's not ignore the costs involved in doing so. The difference between a mortgag...
by ryman554
Fri Jan 05, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7821

Re: Paying off mortgage before investing at all?

I considered the refi at 15 years at 3.75%. But being commission only income earner, I like the idea of the 30 just in case business were to go south If that is the reason you are not refinancing -- you are cash flow sensitive and should keep yourself as liquid as possible. Therefore, listen to Kla...
by ryman554
Tue Jan 02, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 249
Views: 35709

Re: Fidelity free Turbotax

busdriver wrote:
Mon Jan 01, 2018 8:01 pm
TimeRunner wrote:
Mon Jan 01, 2018 7:35 pm
I wonder what Fido's criteria is????
Me too! :confused
Easy, and been discussed before.

Private Client. (>1M in household assets, 401(k) may be excluded)
Active trader. (not very bogleheadish)

If you have to ask if you are either of the two, you aren't. Go buy a copy.
by ryman554
Tue Jan 02, 2018 6:26 am
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 23885

Re: 2nd million is easier!

Yes, it's easier. First million at 39, second by 43. This year, 44, we added 550k. I don't think this rate is sustainable. ~20% * 2M = 400k + savings, I assume. Now, let's go look a a chart of expected returns of the S&P 500. Sustainable? No. Within the norm of the S&P returns? Sure. Keep on adding...
by ryman554
Tue Jan 02, 2018 6:21 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7821

Re: Paying off mortgage before investing at all?

But in the course of discussing this question, the author makes a point that I hadn't seen before. If you have a mortgage and are making your regular mortgage payments, but are simultaneously using extra income to save for retirement in equities, you are effectively borrowing money to invest in equ...
by ryman554
Tue Jan 02, 2018 6:09 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10751

Re: Suddenly my mortgage doesn't seem that great

1) While it does happen, There aren’t too many years when the stock market has beaten a double digit growth year with another one. This seems like a curious claim to make unless I'm misunderstanding the point you're trying to make. The reality is actually completely the opposite of what you claim. ...
by ryman554
Mon Jan 01, 2018 2:15 am
Forum: Investing - Help with Personal Investments
Topic: SWR, different perspective.
Replies: 38
Views: 3125

Re: SWR, different perspective.

Depending on your expected longevity, look into buying a ladder of annuities periodically purchased over a decade (interest rate diversification), using most of your fund assets, and start spending all of your steady income from every source. Put your few remaining fund assets in a 2050 retirement ...
by ryman554
Sun Dec 31, 2017 1:32 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10751

Re: Suddenly my mortgage doesn't seem that great

Where exactly do you see me saying anyone should spend $2k to save a dollar? I realize you wanted to make a political rant, but why must you twist my words to do it? I was just pointing out that the OP was very close to exceeding the standard deduction, which they didn't seem to realize. After goin...
by ryman554
Sun Dec 31, 2017 1:08 am
Forum: Personal Consumer Issues
Topic: Crater Lake trip from Bay area in June
Replies: 21
Views: 1456

Re: Crater Lake trip from Bay area in June

Skip Klamath Falls. It would be like staying in Stockton when you are visiting the Bay Area. My advice with kids? Put in some extra driving and stay in Sun River which is a resort town about 70 miles north of Crater Lake. There are a bazillion VRBO and AirBnB rentals in Sun River and there is a ton...
by ryman554
Sun Dec 31, 2017 12:54 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7821

Re: Paying off mortgage before investing at all?

I hate mortgages as much as the next fella, but I'm never taking a loan just to invest.... I'm not that risky. I'm taking loan so I can afford a place to live, and in my case, cheaper than renting from a cash flow perspective, if only just. My domicile is much much more than an investment. Depends ...
by ryman554
Sat Dec 30, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Stopped Check 2018 Property Tax - Etiquette to County?
Replies: 38
Views: 3349

Re: Stopped Check 2018 Property Tax - Etiquette to County?

I will be taking the additional deduction on my 2017 return. And when the irs sees a large lump i property tax deduction in 2017 compared to 2016 and before, don't you think they will flag it? You may or may not be audited, but you just increased you chances of one. Audits aren't exactly fun but an...
by ryman554
Sat Dec 30, 2017 6:38 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7821

Re: Paying off mortgage before investing at all?

Save and invest 30% of after tax income, religiously. Common avenues for saving and investing: Tax sheltered/employer-match accounts (can be so ridiculously attractive that you would be silly not to maximize) ETFs in taxable accounts Real Estate. The best tenant you can ever hope for is yourself, s...
by ryman554
Sat Dec 30, 2017 3:05 am
Forum: Personal Finance (Not Investing)
Topic: Stopped Check 2018 Property Tax - Etiquette to County?
Replies: 38
Views: 3349

Re: Stopped Check 2018 Property Tax - Etiquette to County?

Palatineman wrote:
Fri Dec 29, 2017 7:12 pm
I will be taking the additional deduction on my 2017 return.
And when the irs sees a large lump i property tax deduction in 2017 compared to 2016 and before, don't you think they will flag it? You may or may not be audited, but you just increased you chances of one.
by ryman554
Sat Dec 30, 2017 2:52 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7821

Re: Paying off mortgage before investing at all?

I guess if you made the following assumptions: 1. You buy into the assumption made by many, including Bogle, that nominal stock returns will only be around 4% nominal for a decade or more, and bond rates may be below that 2. You have a mortgage near 4% 3. You don't have enough to itemize, and will ...
by ryman554
Fri Dec 29, 2017 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Stopped Check 2018 Property Tax - Etiquette to County?
Replies: 38
Views: 3349

Re: Stopped Check 2018 Property Tax - Etiquette to County?

Watty wrote:
Fri Dec 29, 2017 12:09 am
Don't be be surprised if the county adds fees for bouncing the check.
yup, and probably a hefty one,too.

bad idea by the op to stop payment. Costs way more than the 6 months or so of interest saved.
by ryman554
Fri Dec 29, 2017 12:45 am
Forum: Investing - Help with Personal Investments
Topic: Sell some taxable to contribute to traditional IRA?
Replies: 8
Views: 660

Re: Sell some taxable to contribute to traditional IRA?

If you have a capital gain, you will have to pay tax on it at some point, so you might as well sell it if you can fund an IRA, in order to avoid taxes on any future gains. What you said would be true for a ROTH... and likely always the correct strategy to do if space is available. ROTH is always al...
by ryman554
Fri Dec 29, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10751

Re: Suddenly my mortgage doesn't seem that great

At $15k in interest and $7k in taxes, you're pretty close close to the $24k standard deduction. Are there any other things you could deduct if you itemize? Technically, even if you get to just $24,001 itemized, you would be doing "better". Really? Paying $17,000 in mortgage and finding out a way to...
by ryman554
Wed Dec 27, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: HSA overcontributed by $2
Replies: 7
Views: 1566

Re: HSA overcontributed by $2

Thank you all for the comments. I will check with my HSA provider. What is there to check? Spirit Rider provided the correct answer. Your HSA provider will only confuse the situation with inaccurate information. Fill the form, pay the penalty of $0.12 and contribute less next year. Unless you get 1...
by ryman554
Thu Dec 21, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 50995

Re: Tax Bill Omnibus Thread

Unless you have an interest only loan, 4% of 400k mortgage isn't 16K interest. A chunk of that is principle... His payment might be higher than $16k but a 4% loan on a $400k mortgage is roughly $16k interest. Interest on the very first payment of a 30 year 400K loan is indeed 16K, my bad. But it fa...
by ryman554
Thu Dec 21, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 249
Views: 35709

Re: Fidelity free Turbotax

Same here, most of my assets are at Van but do have a rollover IRA, high 7 figures at Fidelity. gee, having close to 10m in an IRA is rather unusual. Romney did it, apparently, using real estate under the IRA. Combined with the fact that "most" of the assets are elsewhere, unless the poster is incl...
by ryman554
Thu Dec 21, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: 2.45%CD vs Paying off 3% mortgage early
Replies: 19
Views: 2607

Re: 2.45%CD vs Paying off 3% mortgage early

I use the same logic for my own mortgage. My 2.625% mortgage, with 11 years left, is 2.00% after federal tax at next year's 24% rate (I will still itemize). I could earn 2.06%, exempt from federal tax, on Admiral shares of Vanguard Intermediate-Term Tax-Exempt, which has the same duration as my mor...
by ryman554
Tue Dec 19, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Made Non-Deductible IRA Contributions in 80's, Never Filed Form 8606. What to do now?
Replies: 11
Views: 1419

Re: Made Non-Deductible IRA Contributions in 80's, Never Filed Form 8606. What to do now?

I hate that I made non-deductible contributions all those years ago, but thankfully have never lost track. At this point I'm doing conversions and it's so annoying to have to subtract such a tiny amount from the taxable portion of the conversion - really it would almost be worth it to just opt out ...