Search found 1113 matches

by ryman554
Tue Dec 04, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Home Down Payment - Where to Save?
Replies: 22
Views: 1999

Re: Home Down Payment - Where to Save?

The OP may or may not be buying a house in the near future. Therefore, the OP should be putting extra money in equities for the long term. When the details of OP's life clarifies to the point where purchasing a house (or have anything else major) is in the immediate future, then the OP should be mov...
by ryman554
Fri Nov 30, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: backdoor roth and new limitation?
Replies: 15
Views: 1221

Re: backdoor roth and new limitation?

Could you explain what would prevent someone from doing a "mega backdoor Roth" we are doing our first one this year and I didn't think there was anything that could prevent it. The total amount of contributions (employee elective, employer + "your after-tax mega back door thingy" can't exceed somet...
by ryman554
Tue Nov 27, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Good newsletters for speculative investments?
Replies: 14
Views: 915

Re: Good newsletters for speculative investments?

Like I am sure all of you I get intrigued every week by at least a couple of ads that promise insights to take advantage of new trends (eg cannabis legalization), legislation (eg prescription drug reform), etc. Invariably I am pulled into a nauseatingly long-winded sales pitch that concludes after ...
by ryman554
Mon Nov 26, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Can I over-contribute to 401k plan between 2 employers in anticipation of HCE refund from old employer?
Replies: 15
Views: 777

Re: Can I over-contribute to 401k plan between 2 employers in anticipation of HCE refund from old employer?

I over contributed one year due to job change. What happened was I had to pay taxes when filing my tax return. However, even if you've paid taxes, the 401k money still stays in before tax bucket and there's no way the plan admin will move it to after tax for you, and down the road you still have to...
by ryman554
Mon Nov 26, 2018 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Can I over-contribute to 401k plan between 2 employers in anticipation of HCE refund from old employer?
Replies: 15
Views: 777

Re: Can I over-contribute to 401k plan between 2 employers in anticipation of HCE refund from old employer?

I over contributed one year due to job change. What happened was I had to pay taxes when filing my tax return. However, even if you've paid taxes, the 401k money still stays in before tax bucket and there's no way the plan admin will move it to after tax for you, and down the road you still have to...
by ryman554
Mon Nov 26, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Can I over-contribute to 401k plan between 2 employers in anticipation of HCE refund from old employer?
Replies: 15
Views: 777

Re: Can I over-contribute to 401k plan between 2 employers in anticipation of HCE refund from old employer?

I contributed 16,334.84 with a prior employer as of today's date. Tomorrow I start with a new employer. They have asked me for my prior year contributions so they can set my maximum contribution limit. I know I will get a refund check from the prior year employer anyways, as I expect the HCE limit ...
by ryman554
Mon Nov 26, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Can I over-contribute to 401k plan between 2 employers in anticipation of HCE refund from old employer?
Replies: 15
Views: 777

Re: Can I over-contribute to 401k plan between 2 employers in anticipation of HCE refund from old employer?

One idea is you could try to roll over your old employer's 401k plan to an IRA or the new employer's 401k before they do the HCE refund. Then just contribute to the IRS max with the new employer. Sometimes they'd be willing to overnight the rollover check/etc for the cost of overnight service. For ...
by ryman554
Mon Nov 26, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance and Financial Advisor (Advice Please!)
Replies: 16
Views: 2024

Re: Inheritance and Financial Advisor (Advice Please!)

Just called Jeff Nat and I am wrong about the 10% early withdrawal penalty -- there is none. Only taxes would be on the gains and they would be taxed as ordinary income. I was also incorrect about my cost basis which is 400k, not 540k -- current value of account is ~610k. With this in mind my plan ...
by ryman554
Tue Nov 20, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 661
Views: 46557

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

EDIT: Fidelity rep said to print the form outside the wizard and check the brokerage transfer option. We'll see. *** I'm trying to transfer an HSA account currently at my BCBS provider, Acclaris, to a new individual Fidelity account. When I fill in the Acclaris information on the transfer screens, ...
by ryman554
Fri Nov 16, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 133
Views: 12311

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Becoming a millionaire by 40 can be done by saving $60 a day from age 21 through 40 with an 8% return on investments. How hard it is to save $60 a day depends greatly on how close to the $100k/yr mark you get. Yes, that would be tough. $60 a day is $1,800 a month. Really, that's $22k/year. That is ...
by ryman554
Fri Nov 16, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Withhold-to-Cover method for RSU grant
Replies: 10
Views: 731

Re: Withhold-to-Cover method for RSU grant

The company I work for also uses "withhold to cover," but it returns the difference between taxes due and the value of the shares withheld to us as cash in our paycheck. I'd expect your company to do the same; it seems unlikely they could legally just pocket the difference. I would try to clarify i...
by ryman554
Fri Nov 16, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 661
Views: 46557

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I submitted my transfer form along with statements as a message to Fidelity yesterday, and today they responded that it was being processed. The form does not have to be mailed. Just to clarify, you attached the form and the statement from your old provider to a secure message (under Customer Servi...
by ryman554
Wed Nov 14, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 129
Views: 19746

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

When you sell you haven't accomplished anything other than realizing a loss. Instead, direct all new purchases to bonds, money market, etc. until your overall allocation is comfortable. Stop looking at your account(s) so often. I completely disagree. If one's asset allocation turns out to be unsuit...
by ryman554
Tue Nov 13, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1961

Re: Severance | 401(k)

Tell old company you over-contributed to 401(k) and request return of all (excess) contributions and earnings for 2019. You can try that. However, the old custodian doesn't have to cooperate. They look at their books and see no excess, and you can't provide any evidence of prior contributions. They...
by ryman554
Mon Nov 12, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1961

Re: Severance | 401(k)

Can't you just do both? Max out 401(k) now. When you get a new job, max out 401(k) then (again) + match. Tell old company you over-contributed to 401(k) and request return of all (excess) contributions and earnings for 2019. No, you are only allowed $19K employee contributions across all plans, and...
by ryman554
Mon Nov 12, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1961

Re: Severance | 401(k)

After discussing with HR, severance and 19' pro-rated bonus will not be eligible for 401(k) contributions. However, I have the option to contribute 100% of my pay check in early 2019 in order to max the 2019 401(k) limits (by February). Initially I liked this option but with more time I realized th...
by ryman554
Tue Nov 06, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10730

Re: This man can predict when bubbles burst: time to time the market?

I suffer from anxiety and I am afraid of huge losses in my investments. Taleb shows that extreme events are possible and losses in the stock market can be much higher than the bell curve predicts. So I am looking for ways to manage my anxiety in this, including by researching serious methods of ris...
by ryman554
Tue Oct 30, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor: Cap on Distribution to Roth IRA?
Replies: 12
Views: 973

Re: Mega Backdoor: Cap on Distribution to Roth IRA?

If you are thinking of accessing the conversion principal prior to turning 59.5, remember there is a 5 year seasoning period for penalty free access on each individual conversion. Keep records of your conversions until you are 59.5 in case you needed to withdraw principal. While true, this money co...
by ryman554
Tue Oct 30, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor: Cap on Distribution to Roth IRA?
Replies: 12
Views: 973

Re: Mega Backdoor: Cap on Distribution to Roth IRA?

I have read that some plans allow you to set up scheduled automated conversions. Mine does not and I have to initiate each conversion. If you have to initiate each withdrawal, then what matters is if any gains have accrued . When the market is going through a flat or declining period (like now), th...
by ryman554
Fri Oct 26, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Question about the 4% rule
Replies: 27
Views: 2451

Re: Question about the 4% rule

So for early retirement in early 50s does the 4% rule still apply? I would say no, because it was originally calculated for 30-year retirements. Early retirement can be tricky because you need to plan for more than 30-years (just in case), you're not getting Social Security for a while, and you hav...
by ryman554
Thu Oct 18, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: flat for the year
Replies: 27
Views: 2587

Re: flat for the year

I'm +5% when considering contributions. I'm -2% when subtracting out the new contributions. So, I'm down to flat. Treading water, so to speak, but still adding ballast, which is nice considering a (low) 7 figure portfolio. Contributions matter, even at this level. Not a good year to be 40% internati...
by ryman554
Thu Oct 18, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: "Breaking" a CD: On a Specific Date ??
Replies: 12
Views: 841

Re: "Breaking" a CD: On a Specific Date ??

I guess that different institutions have varied penalties for breaking CDs of similar maturities? Do some institutions claw back principal as well as interest if a CD is "broken"? Yes. If the penalty is 6 months of interest and you break the CD after 3 months, they will take 3 months of interest ou...
by ryman554
Sat Oct 13, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7520

Re: If I retire to a State that has no State taxes...

If i retire to a State that has no state taxes, I wont pay any state taxes on my RMDs and long term capital gain that I exercise after moving to that state. Is that correct? Yes, I believe that's correct if it's one of the 7 states listed above. One caveat based on your use of the term "exercise". ...
by ryman554
Tue Oct 09, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment 50% of assets
Replies: 21
Views: 1947

Re: Apartment 50% of assets

So. I agree completely. However, this place is pretty pricy and we could easily sell it and move to something much less expensive. It's a lot less complicated than you are making it. 1. Assume the goal of your investing is to become financially independent. Also assume you want to get there as soon...
by ryman554
Tue Oct 09, 2018 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Postponing the bonus to next year. Is it a good idea?
Replies: 30
Views: 2007

Re: Postponing the bonus to next year. Is it a good idea?

It would not work in many jobs but taking a leave of absence without pay might keep you below the income limits. Even if your wife cannot take the time off you might be able to, or you both might be able to take two extra weeks off. Don't forget that if you have anything you can take a capital loss...
by ryman554
Mon Oct 08, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Postponing the bonus to next year. Is it a good idea?
Replies: 30
Views: 2007

Re: Postponing the bonus to next year. Is it a good idea?

Thanks everyone! I will just ask the employer to cancel the bonus this year all together. You are going to ask your wife’s employer to cancel her bonus? How does your wife feel about that? The OP will get hit with a 15k ACA subsidy penalty for 5k of extra income, if I remember the other thread corr...
by ryman554
Fri Oct 05, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Shorting and buying a stock in two accounts (one is retirement account)
Replies: 19
Views: 1387

Re: Shorting and buying a stock in two accounts (one is retirement account)

OP: Since this in an (M)AGI problem, please post to this group where your income is coming from, and what tax-advantaged space you have used up. There may be other solutions. You should also change your title to something like "need to reduce MAGI by $5000 to avoid Obamacare subsidy..." or something...
by ryman554
Thu Oct 04, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Record keeping fees fidelity 401k vs. brokerage link
Replies: 19
Views: 3056

Re: Record keeping fees fidelity 401k vs. brokerage link

Nevermind. I see my plan suddenly has a $67 a year recordkeeping fee. For me that's an additional 0.08% expense, thanks Fidelity :( It is up to the employer whether or not they want pass along the recordkeeping fee or not. For example, my wife's MegaUni's 403b has no recordkeeping fees while my Meg...
by ryman554
Wed Oct 03, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Record keeping fees fidelity 401k vs. brokerage link
Replies: 19
Views: 3056

Re: Record keeping fees fidelity 401k vs. brokerage link

Nevermind. I see my plan suddenly has a $67 a year recordkeeping fee. For me that's an additional 0.08% expense, thanks Fidelity :( Can you share Fidelity's response? In an old employer's 401k I have never seen recordkeeping fee's until I opened a brokeragelink account and transfered from one index...
by ryman554
Wed Oct 03, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Any good 2018 CA tax calculators out there?
Replies: 7
Views: 775

Re: Any good 2018 CA tax calculators out there?

Doesn't CA pretty much treat everything as normal income?

Take the top line on the back of the 1040 and multiply by 9.3% (or use the tax tables). Seems like a good estimate to me....
by ryman554
Wed Oct 03, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Retired Dilemma - dividends vs accumulating
Replies: 10
Views: 1587

Re: Retired Dilemma - dividends vs accumulating

The OP has 15M and wants to withdraw 2%. The OP should not apologize for wanting to spend 2% of their NW every year. That budget is not the problem. OP: pretty much anything you do, as long as you don't screw it up, will serve to grow you money in perpetuity. By screwing it up, meaning making bad in...
by ryman554
Mon Oct 01, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Salary negotiation: saying a number first on purpose?
Replies: 43
Views: 4056

Re: Salary negotiation: saying a number first on purpose?

Point taken. I agree it's better to avoid the term, and just let them issue an offer, see where it falls and where it can be improved. These are the things on my personal "total compensation" worksheet for my own consumption. Did I miss anything? salary 401k match bonus ESPP discount Don't forget m...
by ryman554
Sat Sep 22, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 1902

Re: How do I allocate social security in retirement?

As the poster above me said, SS is an income stream. Guaranteed. So count as income. Just like a pension.

Then figure out how much income you need from investments. sS is not an investment.
by ryman554
Fri Sep 21, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity brokerage account - question about automatic investment
Replies: 13
Views: 930

Re: Fidelity brokerage account - question about automatic investment

I really don't understand your question is. Here is the procedure for posterity: Go to. https://digital.fidelity.com/ftgw/digital/automatic-investments/ Click on "Set up automatic investments" Then choose "Transfer from external bank account" Under "transfer to", select a mutual fund you own. Choose...
by ryman554
Thu Sep 20, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: 401K loan
Replies: 7
Views: 530

Re: 401K loan

With $350k a year, in a LCOL, O fail to see why you cannot cash flow the entire expense without needing a loan at all
by ryman554
Thu Sep 13, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 24
Views: 1694

Re: Another high expense-ratio 401(k), Help!

Use Ivy International Core Equity if you must have international. Agree with Hartford Core Equity Fund (us stocks) and PIMCO Total Return (bonds). Trying to control my gagging reflexes. You should request your employer add some low cost index funds such as a S&P 500 index, extended market index fun...
by ryman554
Thu Sep 13, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 24
Views: 1694

Re: Another high expense-ratio 401(k), Help!

Use Ivy International Core Equity if you must have international. Agree with Hartford Core Equity Fund (us stocks) and PIMCO Total Return (bonds). Trying to control my gagging reflexes. You should request your employer add some low cost index funds such as a S&P 500 index, extended market index fun...
by ryman554
Wed Sep 12, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6376

Re: Paying off mortgage with 87K left on it

Agreed, on the mechanics, but for a few hundred the option to pay less if I had to is appealing. I guess there is no reason to do it now and I could wait until it was ever needed. The question is if interest rates have doubled then or worse -- its that + a surprise layoff -- maybe they wouldn't off...
by ryman554
Tue Sep 11, 2018 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6376

Re: Paying off mortgage with 87K left on it

Agreed, on the mechanics, but for a few hundred the option to pay less if I had to is appealing. I guess there is no reason to do it now and I could wait until it was ever needed. The question is if interest rates have doubled then or worse -- its that + a surprise layoff -- maybe they wouldn't off...
by ryman554
Tue Sep 11, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10392

Re: Anyone else not save for cars?

I usually finance my cars with our Home Equity Line. Prime minus 1/2% and I pay it off over 4-5 years. I prefer that to building up a bunch of cash over time to make a cash purchase several years down the road. I'm surprised it took 50 posts to get to this. This is what we do - was even better back...
by ryman554
Tue Sep 11, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6376

Re: Paying off mortgage with 87K left on it

My own situation, I am looking at making an additional large payment up front to reduce the interest costs on the my loan. While they may not be "front loaded" as some have suggested, your payments are fixed through the course of the mortgage. If you are thinking of making a large prepayment then y...
by ryman554
Mon Sep 10, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6376

Re: Paying off mortgage with 87K left on it

Watty -- indeed there's about 4-1/2 years left on the mortgage (due to some previous lump sum principal paydowns). Main thing I've wondered is whether it's really a 3.75% return at this point. Mortgages are front-loaded with interest --- even though the rate across the entire 15-year note is 3.75%,...
by ryman554
Tue Sep 04, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: ESPP as emergency fund
Replies: 7
Views: 704

Re: ESPP as emergency fund

I'm thinking about keeping most of the shares as part of my emergency fund. By my calculations, I'll end up with $30-35k each year, and this would amount to <5% of my overall net worth. I already have close to $100k cash as an emergency savings right now, so as these ESPP shares start to add up, I ...
by ryman554
Thu Aug 30, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: Done saving for retirement according to firecalc?
Replies: 51
Views: 4960

Re: Done saving for retirement according to firecalc?

Firecalc is a back-test tool. It is predictive only if the future is like the past. What happens if it isn't? Did you investigate or model a 2008-like drop, but with a 10 year recovery period (and not a one-year recovery followed by an 11 year bull market?) Yes, the OP did. From the years of 1929-1...
by ryman554
Wed Aug 29, 2018 8:27 am
Forum: Investing - Theory, News & General
Topic: Done saving for retirement according to firecalc?
Replies: 51
Views: 4960

Re: Done saving for retirement according to firecalc?

Am I missing something, by my view the OP is *already* FI, at least on the bleeding edge of it. FIREcalc is nothing more than a restatement of the trinity study using fancy graphs. If you believe in the 4% rule (or 3.x% or whatever), then you believe in FIREcalc. End of story. Regardless of current ...
by ryman554
Tue Aug 28, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Recast plus lump sum prepayment -
Replies: 11
Views: 948

Re: Recast plus lump sum prepayment -

Looks like this new home purchase is going to be tight on your monthly budget. You are also NOT maximizing your 401k and IRAs With the sale of the old home, I would first try to hit the max on the 401k and IRAs for this year (say 10K). If the extra 500 that you put towards car loan gives you the co...
by ryman554
Mon Aug 27, 2018 8:48 am
Forum: Investing - Theory, News & General
Topic: The first million is the hardest?
Replies: 46
Views: 9324

Re: The first million is the hardest?

Does it start getting faster at some point due to compounding returns? Only when the market is going up. :happy When the market is going down, you are not going to see a lot of "compounding". But yes...sort of. When your portfolio is small, the portfolio growth you see is from the contributions you...
by ryman554
Mon Aug 27, 2018 8:37 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 106994

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

What I see in the data is that stock returns are fractal and not predictable. One wants to be as widely diversified as possible because you really cannot predict what country, what stock market, what stock market sector will do well in the next cycle. Hence my question about riskiness. Is it more r...
by ryman554
Sun Aug 26, 2018 6:15 am
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5830

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

Ignoring pensions and SS is a fool's errand, since if they exist, will contribute >25% to your cash flow needs. Your $110k required income is a mixture of "required" income and "wanted" income. Nobody really needs $110k per year to live, and the better you can come up with wants vs needs, the better...
by ryman554
Fri Aug 24, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 22135

Re: Decent compensation to move to Bay Area CA?

I figured the RSUs were a vesting signing bonus. Bonuses have not been mentioned by OP yet, which is an important consideration. Also, an ESPP program could mean 15% more on a certain chunk of salary. Do the math on 15% ESPP on 10% of salary. 1.5%. Not a big needle mover. It's nice, but it's not ev...