Search found 231 matches

by saagar_is_cool
Mon Jan 18, 2021 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Buying before dividend date - Tax gain harvesting
Replies: 1
Views: 214

Buying before dividend date - Tax gain harvesting

I read some threads where people were mentioning how they bought on the day before dividends and made a mistake. I am thinking of the opposite. Assume you have short term gains from your smaller play-money portfolio at about $20-$30k. Intent is to reduce tax burden on the short term gains in max tax...
by saagar_is_cool
Wed Dec 30, 2020 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: If you're already FI and still work . . . 
Replies: 149
Views: 12598

Re: If you're already FI and still work . . . 

Late 40s, 50x saved. I still work and maintain strong work ethic, but am no longer actively trying be a star performer. 1) The more x times annual expense saved, the more I find my job enjoyable because it allows me to focus only on the parts that I like -- fixing difficult engineering problems tha...
by saagar_is_cool
Tue Dec 29, 2020 1:39 pm
Forum: Personal Investments
Topic: Backdoor Roth IRA - Date limitations for transfers
Replies: 7
Views: 423

Re: Backdoor Roth IRA - Date limitations for transfers

1. Are there any date limitations for doing the asset transfer from Traditional IRA to 401k - like need to finish by Dec 31 2020. You want the money rolled out by the end of the year in which you do the conversion step of the backdoor Roth. If you can't get the money rolled out by Thursday (and it'...
by saagar_is_cool
Tue Dec 29, 2020 12:47 pm
Forum: Personal Investments
Topic: Backdoor Roth IRA - Date limitations for transfers
Replies: 7
Views: 423

Backdoor Roth IRA - Date limitations for transfers

I will be trying to do backdoor Roth IRA this year, for the first time. I want to make sure, I don't miss out on any dates / timelines, so any advise on this appreciated. I am in the process of simplifying by moving everything to LifeStrategy Funds in taxable or target date retirement funds in tax-d...
by saagar_is_cool
Mon Dec 28, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: If you're already FI and still work . . . 
Replies: 149
Views: 12598

Re: If you're already FI and still work . . . 

Late 40s, 50x saved. I still work and maintain strong work ethic, but am no longer actively trying be a star performer. 1) The more x times annual expense saved, the more I find my job enjoyable because it allows me to focus only on the parts that I like -- fixing difficult engineering problems tha...
by saagar_is_cool
Thu Dec 24, 2020 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Networth $1M (age 40) ...please advise for next steps
Replies: 43
Views: 9596

Re: Networth $1M (age 40) ...please advise for next steps

$1MM is not a lot. You're middle age and it's technically $500k per person. I would recommend hitting $3MM family net worth at the bare min. You have to consider inflation rate as well. If you want $100k/yr (in future dollars) at retirement you need like $3MM using 3.33% SWR. If you want $100k/yr (...
by saagar_is_cool
Fri Dec 11, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: PPP forgiveness: apply now or wait?
Replies: 36
Views: 2121

Re: PPP forgiveness: apply now or wait?

Paypal submitted to SBA: Friday, 12/4/2020 SBA approved full forgiveness, minus EIDL on Monday, 12/7/2020 Hmm, I guess the SBA is not using a FIFO method for processing forgiveness applications - mine could not be simpler either (sole prop/no employees/no documentation) Wow - I thought the SBA woul...
by saagar_is_cool
Fri Dec 11, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: PPP forgiveness: apply now or wait?
Replies: 36
Views: 2121

Re: PPP forgiveness: apply now or wait?

I just applied for forgiveness via the bank and it was the easiest thing on the planet. Also under $50k. Sole proprietor. Took like 2 minutes to fill out the form, they only wanted my 2019 Schedule C, that was it for documentation. Bank reviewed it for a day and sent the application for forgiveness...
by saagar_is_cool
Tue Dec 08, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: PPP forgiveness: apply now or wait?
Replies: 36
Views: 2121

Re: PPP forgiveness: apply now or wait?

I just applied for forgiveness via the bank and it was the easiest thing on the planet. Also under $50k. Sole proprietor. Took like 2 minutes to fill out the form, they only wanted my 2019 Schedule C, that was it for documentation. Bank reviewed it for a day and sent the application for forgiveness...
by saagar_is_cool
Fri Dec 04, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retire early or keep working
Replies: 74
Views: 8317

Re: Retire early or keep working

My job ended 1Q19 (company sold - stayed for the severance package). My wife wanted to work until the end of 2019 so she would have 40 quarters of earnings. I figured I would find a similar job for a while. Then we would move abroad. Fast forward to today. Due to the panademic we are persona non gr...
by saagar_is_cool
Fri Dec 04, 2020 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Retire early or keep working
Replies: 74
Views: 8317

Re: Retire early or keep working

My job ended 1Q19 (company sold - stayed for the severance package). My wife wanted to work until the end of 2019 so she would have 40 quarters of earnings. I figured I would find a similar job for a while. Then we would move abroad. Fast forward to today. Due to the panademic we are persona non gr...
by saagar_is_cool
Sat Nov 28, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Housing once you have considerable assets
Replies: 49
Views: 4577

Re: Housing once you have considerable assets

I am intrigued by your calculation of rapid growth. I ran on portfolio visualizer for 20 year perio from 2000 to 2020, with 100% VSMGX starting with $1M and adding $150k per year like you mentioned. End result is about $9M without inflation and about $5.48M aith inflation at a cagr of 11%. Link bel...
by saagar_is_cool
Sat Nov 28, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Housing once you have considerable assets
Replies: 49
Views: 4577

Re: Housing once you have considerable assets

<r><QUOTE author="TomatoTomahto" post_id="5624909" time="1606582102" user_id="25926"><s>[quote=TomatoTomahto post_id=5624909 time=1606582102 user_id=25926]</s> <QUOTE author="saagar_is_cool" post_id="5624709" time="1606577992" user_id="51046"><s>[quote=saagar_is_cool post_id=5624709 time=1606577992 ...
by saagar_is_cool
Sat Nov 28, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Housing once you have considerable assets
Replies: 49
Views: 4577

Re: Housing once you have considerable assets

I am intrigued by your calculation of rapid growth. I ran on portfolio visualizer for 20 year perio from 2000 to 2020, with 100% VSMGX starting with $1M and adding $150k per year like you mentioned. End result is about $9M without inflation and about $5.48M aith inflation at a cagr of 11%. Link bel...
by saagar_is_cool
Sat Nov 28, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Housing once you have considerable assets
Replies: 49
Views: 4577

Re: Housing once you have considerable assets

1. My compounding returns do include contributions of ~150K a year. Indeed a downmarket would throw some kinks into the plan. 2. Maybe to rephrase, my question is, if your assets start to be much larger than a house purchase, but based on income the house wouldn’t be viable due to the 3x gross inco...
by saagar_is_cool
Sat Nov 28, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Housing once you have considerable assets
Replies: 49
Views: 4577

Re: Housing once you have considerable assets

I am intrigued by your calculation of rapid growth. I ran on portfolio visualizer for 20 year perio from 2000 to 2020, with 100% VSMGX starting with $1M and adding $150k per year like you mentioned. End result is about $9M without inflation and about $5.48M aith inflation at a cagr of 11%. Link bel...
by saagar_is_cool
Sat Nov 28, 2020 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Housing once you have considerable assets
Replies: 49
Views: 4577

Re: Housing once you have considerable assets

Real returns could be much lower 3-5%. You could be looking at 15-20 years to double, especially if a portion of your portfolio is bonds or cash. Much of the accumulated wealth is for retirement. Just because you come closer to reaching your retirement goals doesn't mean you should buy a more expen...
by saagar_is_cool
Tue Nov 24, 2020 11:10 pm
Forum: Personal Investments
Topic: Ally invest
Replies: 7
Views: 822

Re: Ally invest

If you open a high savings account with ally, would you be able to make same day trade of ETF using that money with ally invest? Thanks It is a 2 step process. First, you transfer from Ally Savings to Ally invest. It takes about a minute or so to show up. Then, you use those funds to trade. However...
by saagar_is_cool
Tue Nov 03, 2020 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Overstretched and under contract for 1.3M house.. should I back out?
Replies: 79
Views: 11141

Re: Overstretched and under contract for 1.3M house.. should I back out?

Hello, about us: we are 40 year old (husband, wife) with 2 kids - 12, 6 years in Seattle husband makes - 250k annually, while wife makes 90k annually net worth of ~2.1mi invested across taxable index funds, 401k, some ira and 529 we have been renting all our life, and currently 2bd/2ba apartment co...
by saagar_is_cool
Fri Oct 30, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: I am too afraid to ask my spouse
Replies: 16
Views: 2644

Re: I am too afraid to ask my spouse

I married a great woman 4 years ago and yet I feel weird asking about her accounts. I have plenty of my own money and of course I know her high-salary (joint income tax returns), but I never wanted her to think I married for the cash. I am just simply curious what our net worth is. We are debt free...
by saagar_is_cool
Sat Oct 17, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2391
Views: 543670

Re: Share your net worth progression

Well done, congratulations! Hopefully, people read this thread in the future and see how well the “standard bogelhead” approach works..... The total impact of all the great success stories in this thread is a real testament to simplicity and the power of being “just average” in our investments........
by saagar_is_cool
Mon Oct 05, 2020 9:17 pm
Forum: Personal Investments
Topic: Trying to understand logistics of a Backdoor Roth
Replies: 38
Views: 3010

Re: Trying to understand logistics of a Backdoor Roth

Is the maximum amount $6k per year for the Roth conversion. For 20 years, that is about 120k-300k with growth. Is it worth the hassle every year with the Form and being careful with it and keeping the documentation etc. Roth funds can be very valuable at-and-after retirement. There are many means-t...
by saagar_is_cool
Mon Oct 05, 2020 5:05 pm
Forum: Personal Investments
Topic: Trying to understand logistics of a Backdoor Roth
Replies: 38
Views: 3010

Re: Trying to understand logistics of a Backdoor Roth

Is the maximum amount $6k per year for the Roth conversion. For 20 years, that is about 120k-300k with growth. Is it worth the hassle every year with the Form and being careful with it and keeping the documentation etc. Roth funds can be very valuable at-and-after retirement. There are many means-t...
by saagar_is_cool
Mon Oct 05, 2020 5:04 pm
Forum: Personal Investments
Topic: Trying to understand logistics of a Backdoor Roth
Replies: 38
Views: 3010

Re: Trying to understand logistics of a Backdoor Roth

Is the maximum amount $6k per year for the Roth conversion. For 20 years, that is about 120k-300k with growth. Is it worth the hassle every year with the Form and being careful with it and keeping the documentation etc. Roth funds can be very valuable at-and-after retirement. There are many means-t...
by saagar_is_cool
Mon Oct 05, 2020 5:01 pm
Forum: Personal Investments
Topic: Trying to understand logistics of a Backdoor Roth
Replies: 38
Views: 3010

Re: Trying to understand logistics of a Backdoor Roth

Is the maximum amount $6k per year for the Roth conversion. For 20 years, that is about 120k-300k with growth. Is it worth the hassle every year with the Form and being careful with it and keeping the documentation etc. If you didn’t make Backdoor Roth contributions, you would have paid the same ta...
by saagar_is_cool
Thu Oct 01, 2020 7:23 am
Forum: Personal Investments
Topic: Trying to understand logistics of a Backdoor Roth
Replies: 38
Views: 3010

Re: Trying to understand logistics of a Backdoor Roth

Is the maximum amount $6k per year for the Roth conversion. For 20 years, that is about 120k-300k with growth. Is it worth the hassle every year with the Form and being careful with it and keeping the documentation etc.
by saagar_is_cool
Tue Sep 29, 2020 11:18 am
Forum: Personal Investments
Topic: Need help with Investment Advice and current plan review
Replies: 17
Views: 1102

Re: Need help with Investment Advice and current plan review

Thank you. This was helpful insight. I will move out of VBTLX into VSMGX then. I am still debating on mortgage payoff as current one will be a rental in a few years. I am wary of Financial Advisors as I have been misled by them in the past but will look for a reputed fee-based FA. I don't understan...
by saagar_is_cool
Tue Sep 29, 2020 11:13 am
Forum: Personal Investments
Topic: Need help with Investment Advice and current plan review
Replies: 17
Views: 1102

Re: Need help with Investment Advice and current plan review

The irony is that you don't actually lose your capital unless you sell and get out of the market. If you didn't sell in 2015 and lock in your 30k loss, you would be up so much more than you are now. So it really isn't about tinkering with allocations like you say, it is about you trying to market t...
by saagar_is_cool
Tue Sep 29, 2020 7:43 am
Forum: Personal Investments
Topic: Need help with Investment Advice and current plan review
Replies: 17
Views: 1102

Re: Need help with Investment Advice and current plan review

When did the market crash in 2015? I think at the heart of everything that you will need to get ahold of is your behavioral issues you have with investing. You will never hit your goals investing like you do. Pulling in and out of the market is just devastating to your returns and I’m sure extremel...
by saagar_is_cool
Tue Sep 29, 2020 6:38 am
Forum: Personal Investments
Topic: Need help with Investment Advice and current plan review
Replies: 17
Views: 1102

Re: Need help with Investment Advice and current plan review

After reading your post a thought comes to mind. I'd give up on the idea of "break even" and sell everything you don't want to own and use the money to buy what you want. Your plan could take years to evolve since you really don't know when break even will occur. Pay the capital gains tax...
by saagar_is_cool
Tue Sep 29, 2020 6:29 am
Forum: Personal Investments
Topic: Need help with Investment Advice and current plan review
Replies: 17
Views: 1102

Re: Need help with Investment Advice and current plan review

Can you elaborate on bonds in taxable vs. mortgage. My mortgage rate is 2.5% 30 year. I had 18% returns in VBTLX since 2016 January. The dividends alone is about 2+%. Why would I pay off the mortgage at 2.5% low rate. Sure. During the last 10 years bond funds have been an excellent investment, beca...
by saagar_is_cool
Mon Sep 28, 2020 9:12 pm
Forum: Personal Investments
Topic: Need help with Investment Advice and current plan review
Replies: 17
Views: 1102

Re: Need help with Investment Advice and current plan review

You said that you have a mortgage. You should probably pay it off if possible. Investing 40% of your taxable assets into bonds while at the same time holding a mortgage makes zero sense to me. Otherwise, simplify, now. One taxable account is enough. Can you elaborate on bonds in taxable vs. mortgag...
by saagar_is_cool
Mon Sep 28, 2020 9:09 pm
Forum: Personal Investments
Topic: Need help with Investment Advice and current plan review
Replies: 17
Views: 1102

Re: Need help with Investment Advice and current plan review

2. Does it make sense to rollover Ex-employer 401(k) to Rollover IRA or His Trad Rollover IRA into current employer 401 (k) or all of them into current employer 401(k) for simplicity? I remember seeing something about pro rata but do not know enough details 3. Should I be looking at any Backdoor Ro...
by saagar_is_cool
Mon Sep 28, 2020 9:03 pm
Forum: Personal Investments
Topic: Need help with Investment Advice and current plan review
Replies: 17
Views: 1102

Re: Need help with Investment Advice and current plan review

After reading your post a thought comes to mind. I'd give up on the idea of "break even" and sell everything you don't want to own and use the money to buy what you want. Your plan could take years to evolve since you really don't know when break even will occur. Pay the capital gains tax...
by saagar_is_cool
Sun Sep 27, 2020 11:31 pm
Forum: Personal Investments
Topic: Need help with Investment Advice and current plan review
Replies: 17
Views: 1102

Need help with Investment Advice and current plan review

Current plan 1. Move everything to VSMGX in Vanguard accounts except VITLX in ex-employer 401(k) 2. Keep adding FFNOX in Fidelity accounts. 3. Leave 401(k) at 80-20 VIIIX - VIPIX and DCP in 80% VIIIX and 20% DIPSX. 4. Move from cash to VSMGX (debating on DCA vs. lump sum) Questions 1. Does the plan...
by saagar_is_cool
Sat Sep 19, 2020 8:47 pm
Forum: Personal Investments
Topic: Help me select my 401k funds to align with low cost and close to 3 fund portfolio
Replies: 9
Views: 855

Re: Help me select my 401k funds to align with low cost and close to 3 fund portfolio

BrokerageLink can presumably provide access to a cheaper international fund and different bond funds. I would probably use: Stocks Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). ER: 0.02% BrokerageLink: For international. Bonds Vanguard Inflation-Protected Securities Fund Inst...
by saagar_is_cool
Sat Sep 19, 2020 8:45 pm
Forum: Personal Investments
Topic: Help me select my 401k funds to align with low cost and close to 3 fund portfolio
Replies: 9
Views: 855

Re: Help me select my 401k funds to align with low cost and close to 3 fund portfolio

BrokerageLink can presumably provide access to a cheaper international fund and different bond funds. I would probably use: Stocks Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). ER: 0.02% BrokerageLink: For international. Bonds Vanguard Inflation-Protected Securities Fund Inst...
by saagar_is_cool
Sat Sep 19, 2020 5:57 pm
Forum: Personal Investments
Topic: Help me select my 401k funds to align with low cost and close to 3 fund portfolio
Replies: 9
Views: 855

Help me select my 401k funds to align with low cost and close to 3 fund portfolio

At my recent employer's place, Fidelity is the 401(k) administrator and we have the following fund choices. I am in the process of simplifying our investments to VSMGX (in Vanguard) and FFNOX (in Fidelity) inspired by @longinvest thread on one-fund portfolio. What funds would you suggest to use to s...
by saagar_is_cool
Fri Sep 18, 2020 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Just did a no-cost refinance @2.75% 30-yr
Replies: 18
Views: 2611

Re: Just did a no-cost refinance @2.75% 30-yr

What are you confused about? You will save money on day 1 after funds disbursement. It's a no brainer if you can get lower interest at no true cost. That's why it's mentioned all the time here. Lol I don't know. Just wondering if I should have shopped around, waited to see if rates go lower, did I ...
by saagar_is_cool
Fri Sep 18, 2020 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Just did a no-cost refinance @2.75% 30-yr
Replies: 18
Views: 2611

Re: Just did a no-cost refinance @2.75% 30-yr

What are you confused about? You will save money on day 1 after funds disbursement. It's a no brainer if you can get lower interest at no true cost. That's why it's mentioned all the time here. Lol I don't know. Just wondering if I should have shopped around, waited to see if rates go lower, did I ...
by saagar_is_cool
Sun Sep 13, 2020 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to TLH the VSMGX fund
Replies: 15
Views: 819

Re: How to TLH the VSMGX fund

I am slowly moving everything towards VSMGX for simplicity and to avoid behavioral issues but TLH is one thing that has been one downside that I keep thinking about. Saagar_is_cool, tax-loss harvesting a One-Fund Portfolio adds complexity to the management of an otherwise simple portfolio. Before p...
by saagar_is_cool
Sun Sep 13, 2020 3:36 pm
Forum: Personal Investments
Topic: Vanguard balanced funds
Replies: 26
Views: 3030

Re: Vanguard balanced funds

The Vanguard Balanced Index fund is 60/40 US total stock market index and 40% US bond index. The Vanguard Total World Index is 60% US total stock index and 40% total international stock index. A 50-50 investment in the 2 funds yields a very low fee 60% US stock index, 20% US bond index, 20% total i...
by saagar_is_cool
Sun Sep 13, 2020 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to TLH the VSMGX fund
Replies: 15
Views: 819

Re: How to TLH the VSMGX fund

How about AOR, will that be considered a wash sale. You could use AOR as a TLH partner for LS Mod Growth with no worries. A TR fund could be a TLH partner for AOR. It has about 67% stocks and 45% of stocks are in international. Or you could use VTSAX and VBTLX or VTIAX and VBTLX or some other combi...
by saagar_is_cool
Sun Sep 13, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to TLH the VSMGX fund
Replies: 15
Views: 819

Re: How to TLH the VSMGX fund

One could sell VSMGX and buy a Target Retirement fund instead or a different LifeStrategy fund. There would be no wash sale. In 31 days one could go back to VSMGX if one wanted to, but one would not have to. Since VSMGX is a 60/40 asset allocation, one could also buy VBIAX which has a 60/40 asset a...
by saagar_is_cool
Fri Sep 11, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: How to TLH the VSMGX fund
Replies: 15
Views: 819

Re: How to TLH the VSMGX fund

This would not be considered a wash sale. It is the same funds right. Why is it not considered a wash sale ? They have to be "substantially identical" according to the IRS. The current allocation of LS Mod Growth is not the same as you see listed online. And you would not be doing daily r...
by saagar_is_cool
Fri Sep 11, 2020 6:51 am
Forum: Personal Finance (Not Investing)
Topic: How to TLH the VSMGX fund
Replies: 15
Views: 819

Re: How to TLH the VSMGX fund

This would not be considered a wash sale. +1 And you don't need to use all 4 funds if you don't want to. VTSAX and VBTLX are probably close enough. You could also use a TR fund that has the same AA (e.g. TR 2025 or 2030). That is interesting. I thought similar allocation fund like TR will be consid...
by saagar_is_cool
Fri Sep 11, 2020 6:49 am
Forum: Personal Finance (Not Investing)
Topic: How to TLH the VSMGX fund
Replies: 15
Views: 819

Re: How to TLH the VSMGX fund

Doctor Rhythm wrote: Thu Sep 10, 2020 11:40 pm This would not be considered a wash sale.
It is the same funds right. Why is it not considered a wash sale ?
by saagar_is_cool
Thu Sep 10, 2020 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to TLH the VSMGX fund
Replies: 15
Views: 819

How to TLH the VSMGX fund

Can you TLH the VSMGX by selling it in taxable account and exchanging it with the equivalent VTSAX, VTIAX, VBTLX and BNDX in the same proportions as owned by VSMGX or is that considered a wash sale
by saagar_is_cool
Mon Sep 07, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Any gaps in our thinking?
Replies: 46
Views: 3593

Re: Any gaps in our thinking?

I don’t want to be the naysayer, but will give you an altwrnative perspective. As you are 42/40, let us assume you don’t want to withdraw from 401k or Roth IRA any time soon or deal with the 72(t). So, you have essentially 2.3M portfolio for withdrawal. At 118k (130-12k rent from townhome) expenses...
by saagar_is_cool
Sun Sep 06, 2020 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Any gaps in our thinking?
Replies: 46
Views: 3593

Re: Any gaps in our thinking?

I don’t want to be the naysayer, but will give you an altwrnative perspective. As you are 42/40, let us assume you don’t want to withdraw from 401k or Roth IRA any time soon or deal with the 72(t). So, you have essentially 2.3M portfolio for withdrawal. At 118k (130-12k rent from townhome) expenses,...