Search found 244 matches

by NightFall
Fri Jun 22, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Two retirement plans contribution limit : 403B and 457
Replies: 4
Views: 503

Re: Two retirement plans contribution limit : 403B and 457

Note that if you're in the ORP plan, you also have a non-voluntary contribution of something like 6.65% of salary plus the employer's contribution, which is somewhere between 6-8%. So your contribution could be something like $37K + 12.65% of salary.
by NightFall
Fri Jun 22, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: I think I am in trouble...way behind where I should be
Replies: 22
Views: 2479

Re: I think I am in trouble...way behind where I should be

First, calm down. You have plenty of time and income to fix the situation. Don't take dumb risks to try and fix the situation. The most important thing is to become a saver. The fact that you don't have much in retirement accounts for your age is irrelevant. You are not required to use retirement ac...
by NightFall
Wed Jun 20, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Going unemployed but has a TRS- Teacher retirement system of Texas
Replies: 5
Views: 571

Re: Going unemployed but has a TRS- Teacher retirement system of Texas

You should really talk to HR before leaving about this. That's what they do. If you don't do that, there are plan documents for TRS you can read. My understanding: 1. You can keep it in TRS. When you reach the age of retirement, which is usually years of service + age = 80, you can start to draw you...
by NightFall
Tue Jun 19, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 755

Re: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?

I was under the impression that I would only pay income taxes on the taxable accounts when I retire. You're saying I also pay ST/LT capital gains taxes on the year I use them? Good to know... I don't recall paying taxes on dividends in my deferred comp every year? I put money in and it simply sits ...
by NightFall
Tue Jun 19, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?
Replies: 18
Views: 755

Re: Thoughts on only putting money into a 457 and 403(b). Does anyone do it?

I would read more about the advantages of retirement accounts. A 403b is similar in nature to a 401K. In many ways, it is similar to your 457 as well. There is a difference though. The assets of your 457 are held in trust by your employer. If your 457 is a governmental one, you should be fine. These...
by NightFall
Sat Jun 16, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: Houston Safety
Replies: 13
Views: 1290

Re: Houston Safety

You'll be fine at least during the day. At night, don't walk alone. Even if you do, you will likely be okay. I lived around that area for years. Someone I knew was robbed at night usually at gun point about once a year. Usually they were by themselves and not paying attention to their surroundings. ...
by NightFall
Tue May 22, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Disputed HOA billing
Replies: 21
Views: 1892

Re: Disputed HOA billing

People like to make the HOAs sound evil, but imagine being your neighbors and live next to this pile of "stuff" your tenant left every time they go out of the house. HOAs are evil. In what sort of a world does putting stuff on the street outside your house lead to a foreclosure on your house? The H...
by NightFall
Sat May 05, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 175
Views: 16813

Re: most compelling TV character ever

Tyrion. An immensely complex, self-deprecating but very witty character. Received the gift of intelligence that his siblings lack yet physically deformed and so rejected. Mother died during birth for which he has been punished and has punished himself his whole life. Deprived of love and then sought...
by NightFall
Thu Apr 26, 2018 6:53 am
Forum: Personal Consumer Issues
Topic: Building/House Plans
Replies: 26
Views: 1749

Re: Building/House Plans

Thank you for all the replies A little more information, lots are normally around 30 x 120. Plan is for ~ 3000 sq ft 4 bedroom house. We have an infant and will probably try to have a second in the not too distant future. What are your setback limits? Your lot is only 3600 sqft. At a 2ft setback, y...
by NightFall
Tue Apr 03, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Self employed- Roth vs. Traditional
Replies: 14
Views: 718

Re: Self employed- Roth vs. Traditional

We have graduated tax brackets. For example, the first $24K with MFJ currently is taxed at 0%. If all of your income is Roth in retirement, you're effectively giving away free money unless your marginal tax bracket was 0% when you contributed the money to your Roth account. I typically assume a con...
by NightFall
Tue Apr 03, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: Microsoft tech support scam - how to recover?
Replies: 39
Views: 4914

Re: Microsoft tech support scam - how to recover?

I thought this group got shut down. I got lots of calls like these years ago. I told one of them that I only had Macs. He said that he could see a windows machine connected to my wireless network. I started cursing about how that $&%^! neighbor was stealing my wifi again. I told him that I was going...
by NightFall
Mon Apr 02, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Self employed- Roth vs. Traditional
Replies: 14
Views: 718

Re: Self employed- Roth vs. Traditional

The question is whether you think you tax bracket in retirement will be higher or lower than you current tax bracket. Keep in mind that you start at the 0% tax bracket in retirement (at least under current law). So it's useful to have traditional accounts to fill lower tax brackets. Thank you for t...
by NightFall
Mon Apr 02, 2018 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Self employed- Roth vs. Traditional
Replies: 14
Views: 718

Re: Self employed- Roth vs. Traditional

I think most would suggest you go traditional at this level of income. The question is whether you think you tax bracket in retirement will be higher or lower than you current tax bracket. Keep in mind that you start at the 0% tax bracket in retirement (at least under current law). So it's useful to...
by NightFall
Fri Mar 16, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: [Are 457 contributions counted toward the 55k maximum?]
Replies: 9
Views: 632

Re: [Are 457 contributions counted toward the 55k maximum?]

The 55K limit is probably referring to the 415c limit for 2018. My understanding is that 457 contributions do not count against the 415c limit.
by NightFall
Tue Feb 20, 2018 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 75
Views: 9829

Re: How do I unwind this Wealthfront mess?

I see 125 different holdings in taxable. Just as a clarification, did Wealthfront do this to you?
by NightFall
Mon Feb 19, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: CPA recommends to NOT contribute to SEP IRA
Replies: 15
Views: 2118

Re: CPA recommends to NOT contribute to SEP IRA

It depends. If his marginal tax rate now is less than his expected marginal tax rate in retirement, it's not bad advice at all. It depends a lot on his current tax situation as well as how much he has saved for retirement. EDIT: To clarify, it's not bad advice to contribute the same amount to a ROTH...
by NightFall
Sun Feb 04, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough?
Replies: 34
Views: 3562

Re: Am I saving enough?

I might suggest the OP pays some attention to tax optimization. $110K (income) - $15K (deductible retirement contributions) - $24K (standard deduction) = $71K taxable income. That's solidly in the 12% bracket. However, with another $8K in deductions (traditional IRA contributions should be deductibl...
by NightFall
Thu Jan 25, 2018 8:34 am
Forum: Investing - Help with Personal Investments
Topic: What tax bracket?
Replies: 11
Views: 1025

Re: What tax bracket?

You have received some very accurate information about how to calculate your tax bracket. You can, of course, estimate your tax bracket easily. I understand that you are married with one kid from your previous posts. Assuming $52K is the entire income from your household and we're estimating 2017 ta...
by NightFall
Fri Jan 12, 2018 7:50 am
Forum: Personal Consumer Issues
Topic: Is this solar panel bid reasonable?
Replies: 59
Views: 4680

Re: Is this solar panel bid reasonable?

Option (a) has a payback period of 21 years. Option (b) has a payback period of 14 years assuming all of your numbers/estimates are correct. I would pick (b), especially given that you have a preference for it. However, I might ask how long such systems last. This feels a bit like buying a bond that...
by NightFall
Mon Jan 08, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Math - What I am not thinking of?
Replies: 26
Views: 4486

Re: Early Retirement Math - What I am not thinking of?

If you will really draw 60K-75K from 5.4M per year, you should be golden. I don't know India's support structure very well, but (in the US) healthcare is an unknown expense that would be the most worrisome piece... although still not that worrisome at this level.
by NightFall
Wed Jan 03, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Majority of assets in retirement accounts
Replies: 5
Views: 1091

Re: Majority of assets in retirement accounts

Once you are drawing from a pension and SS, there is not that much you can do. I think that many here plan on retiring before drawing from either source (if a pension is even available). During that time period, they would perform roth conversions at low tax rates and live off of any taxable account...
by NightFall
Thu Dec 21, 2017 8:06 am
Forum: Personal Consumer Issues
Topic: Toys R Us online order warning
Replies: 23
Views: 2695

Re: Toys R Us online order warning

I had a very similar experience last year with them. Ordered a toy on Black Friday. Was supposed to come a few days later. It went out of stock just a few days after we ordered it, but it still said our item would ship. Everyday the estimated ship date got pushed back. We waited forever, tried conta...
by NightFall
Tue Dec 19, 2017 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Second Opinions on my Current Allocation 21y.o.
Replies: 10
Views: 1531

Re: Second Opinions on my Current Allocation 21M

I read 21M as your assets and not your age. It sounds like you are invested in alternative investments, individual stocks, and looking to get into real estate. Most here would avoid the first two, and some would avoid all three. To get to 1M from 0 in 9 years requires saving just over 72K/year at 7%...
by NightFall
Thu Dec 07, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Does this make sense (457B)
Replies: 5
Views: 498

Re: Does this make sense (457B)

Check your plan documents. If the $20K is paid as W2 wages, then there's a chance that you may be able to defer it into your 457b. I'm pretty sure I've seen one set of documents that explicitly stated that at least a portion of unpaid vacation could be placed in a retirement account upon retirement....
by NightFall
Tue Nov 21, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Roth Savings
Replies: 3
Views: 506

Re: Roth Savings

Some employers also allow for ROTH contributions from the employee, regardless of income level, into plans like 401k's, 403b's, or 457b's.
by NightFall
Wed Nov 15, 2017 7:49 am
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 48
Views: 4627

Re: Favorite Holiday Recipes

gretah wrote: ↑
Wed Nov 15, 2017 1:23 am
I made up this recipe and took the cake to a holiday dinner last year. It was a big hit!

Fig, almond, cardamom, cognac cake
Is that a 9in round pan?
by NightFall
Mon Nov 13, 2017 7:28 am
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 48
Views: 4627

Re: Favorite Holiday Recipes

Too bad there hasn't been more replies here. I was kind of looking forward to it. I guess it takes a good amount of work to find the recipe and type it in. I like the recipe on the back of the Baker's coconut bag for coconut macaroons. Except I have an old version of the recipe. My version (and I ke...
by NightFall
Sun Nov 05, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Is 15,000 new gift tax limit=Higher 529 contribution?
Replies: 6
Views: 1084

Re: Is 15,000 new gift tax limit=Higher 529 contribution?

https://www.irs.gov/pub/irs-drop/rp-17-58.pdf Page 20 indicates that the annual exclusion for gifts is $15,000 for 2018. I don't have a definitive answer on the 529 question, but my understanding is that the limitation is based on the gift exclusion amounts. That would mean that the 5 year election ...
by NightFall
Mon Oct 30, 2017 11:01 am
Forum: Personal Consumer Issues
Topic: Buying a Home in a 500 year Flood Plain
Replies: 32
Views: 2155

Re: Buying a Home in a 500 year Flood Plain

Allison and Harvey were both extraordinary events in Houston. If the house survived both without flood damage, I would feel more confident foregoing it. However, as someone else pointed out, further development changes flood patterns. The fact that the street has flooded is not that surprising. Hous...
by NightFall
Sun Oct 22, 2017 7:21 am
Forum: Investing - Theory, News & General
Topic: Isn't a Roth IRA and Backdoor Roth Equally Advantageous?
Replies: 24
Views: 3488

Re: Isn't a Roth IRA and Backdoor Roth Equally Advantageous?

The reason I ask is that I am having trouble prioritizing contributions to 403b (#5), 457b (#5), and 401a after tax, which is rolled over immediately to a Roth (#6), which I think is comparable to a Roth IRA (#4)? Many 403b and 457b accounts allow for direct roth contributions. If so, I don't see t...
by NightFall
Thu Oct 19, 2017 7:01 am
Forum: Personal Consumer Issues
Topic: Trash dumped on curb (need advice)
Replies: 60
Views: 7333

Re: Trash dumped on curb (need advice)

I referenced a dispute with new next door neighbor, a single old lady, who built a drainage rock creek that went onto my property. it looked fine, but I had several specific concerns. I asked her about it, she asked me to talk to the landscaper that did it. I talked to him, but after a while the co...
by NightFall
Mon Oct 16, 2017 6:54 am
Forum: Personal Consumer Issues
Topic: Trash dumped on curb (need advice)
Replies: 60
Views: 7333

Re: Trash dumped on curb (need advice)

What is the point of your HOA if they don't/won't deal with giant piles of trash on the curb for weeks? Seriously, I've never been subject to one. HOA's do not exist to be useful. They are a way for a minority of homeowner's to control their neighbors and a source of harassment and taxes. Seriously...
by NightFall
Mon Sep 25, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: Selling Taxable to Top of Bracket: What does it mean?
Replies: 33
Views: 4128

Re: Selling Taxable to Top of Bracket: What does it mean?

Sorry Nightfall. Wasn't my intention to bombard the forum I thought my two questions were independent so decided to post 2 different threads. Your advice to consult Wiki is a good one and I tried to observe etiquette by consulting first Wiki and past forum discussions. I couldn't quite find or unde...
by NightFall
Mon Sep 25, 2017 6:40 am
Forum: Investing - Theory, News & General
Topic: Which Taxable Lots to Sell during Retirememt?
Replies: 10
Views: 1931

Re: Which Taxable Lots to Sell during Retirememt?

I am in retirement, in withdrawal phase, and not taking full SS until 70.5 Is it 'best'to maximze Captial Gains by selling my 'winners' from my taxable accounts or obtain maximum proceeds from sale of my 'losers' In my Taxable Investments? Thanks in advance for your help. Typically you would want t...
by NightFall
Mon Sep 25, 2017 6:34 am
Forum: Investing - Theory, News & General
Topic: Selling Taxable to Top of Bracket: What does it mean?
Replies: 33
Views: 4128

Re: Selling Taxable to Top of Bracket: What does it mean?

It depends. Short terms capital gain = yes. If your gains are long term, that would back taxed at 0% in that bracket. Your other posts indicate that you are around 66 and will not take SS until 70. It's not clear what RMDs you are talking about. You can continue to take gains up to the top of the 15...
by NightFall
Fri Sep 22, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 6309

Re: $3.6 million at age 25 - need investment advice

First suggestion: make sure you pay taxes on your gains. With that much in taxable, I would suggest deferring as much income in tax sheltered accounts as possible. You need to learn about the tax code as well so that you make informed decisions about income. With that much money, the dividends alone...
by NightFall
Wed Sep 20, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Automate Savings
Replies: 5
Views: 644

Re: Automate Savings

Also a 401k question: I know you are allowed to contribute the max (18k or so) yourself (and then the employer can contribute more). In that case, is the amount the employer contributes tax deductible? Or does it depend on the employer? Just to be clear, the employer contribution is not added to yo...
by NightFall
Fri Sep 15, 2017 6:55 am
Forum: Investing - Help with Personal Investments
Topic: New salaries, baby on the way, getting finances in order
Replies: 9
Views: 1167

Re: New salaries, baby on the way, getting finances in order

Truly impressive salaries. However, at that level of income ($1.1M/year), you really should consider using traditional rather than roth contributions in your 403B. You don't state what your expenses are, but your monthly income will exceed the average yearly income in the US. So, unless you're livin...
by NightFall
Sun Sep 10, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Texas Public Employee - Pension or 403b? Age 34
Replies: 8
Views: 1018

Re: Texas Public Employee - Pension or 403b? Age 34

I believes that TRS also provides some healthcare benefits after 10 years as well as disability benefits after ? Years. Something to look into if you may stay in the UT system that long... I'll just point out that TRS is not specific to the UT system but just employment of any form for the state of...
by NightFall
Sun Sep 03, 2017 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Couple in early 30s, any changes?
Replies: 28
Views: 4406

Re: Couple in early 30s, any changes?

Congrats on a truly impressive income at such a young age (or at any age). I would suggest putting your bond holdings in your 401k and putting the equivalent stocks in taxable... especially in your tax bracket.
by NightFall
Thu Aug 31, 2017 6:45 am
Forum: Investing - Help with Personal Investments
Topic: 403b and savings rate question
Replies: 16
Views: 1715

Re: 403b and savings rate question

Any company match in the 403b?
by NightFall
Fri Aug 25, 2017 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Getting the lay of the land
Replies: 10
Views: 1284

Re: Getting the lay of the land

Welcome to the forum! Using a MM acct for the 529 is extremely conservative. You will get very little benefit of the 529 since returns will be so low... unless there is some state tax credit for contributing. About investment vehicles that beat inflation... iBonds match inflation. EE Bonds double in...
by NightFall
Mon Aug 21, 2017 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 9395

Re: 33 years old, how am I doing ?

I think you don't have enough money and spend too much. :confused

Seriously though, you should use VBTLX.
by NightFall
Tue Aug 15, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Not understanding the recommended retirement distribution strategy in the Boglehead's Guide
Replies: 7
Views: 1415

Re: Not understanding the recommended retirement distribution strategy in the Boglehead's Guide

If you receive X from SS, pensions, RMDS, etc... and you need X+Y to live off of, you can either withdraw Y from traditional accounts or Y from taxable. If you convert Y to Roth and withdraw Y from taxable, you now have Y more dollars in roth that will never be taxed again. If instead you keep the Y...
by NightFall
Sun Jul 09, 2017 8:37 am
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 5711

Re: Is Vanguard down this AM (7/9/17)?

Hi, Bogleheads. My apologies for the inconvenience this morning. We know some clients are having difficulty accessing their accounts as a result of an update over the weekend. We are working to make sure all clients are able to log back in as soon as possible. We apologize for any inconvenience and...
by NightFall
Tue Jul 04, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Retirement question - withdraw pretax or post tax money first?
Replies: 40
Views: 3947

Re: Retirement question - withdraw pretax or post tax money first?

My suggestion would be to live off the post-tax account as long as you can and perform roth conversions of the pre-tax money at low tax brackets. You can better control your taxes in that fashion up until the point that RMDs start. So take advantage of the low brackets now to help reduce taxes late...
by NightFall
Tue Jul 04, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Retirement question - withdraw pretax or post tax money first?
Replies: 40
Views: 3947

Re: Retirement question - withdraw pretax or post tax money first?

My suggestion would be to live off the post-tax account as long as you can and perform roth conversions of the pre-tax money at low tax brackets. You can better control your taxes in that fashion up until the point that RMDs start. So take advantage of the low brackets now to help reduce taxes later...
by NightFall
Fri Jun 30, 2017 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Ally CD - No Penalty CD Help/Advice Needed
Replies: 30
Views: 4195

Re: Ally CD - No Penalty CD Help/Advice Needed

The only downside with the Ally No Penalty CD is that you must close the entire CD and withdraw everything if you want to make a withdrawal. That and the lack of ability to add money to the CD after opening appear to be the main differences with a savings account. So the suggestion would be to open ...
by NightFall
Thu Jun 29, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing retirement accounts advice
Replies: 6
Views: 1187

Re: Maxing retirement accounts advice

It appears that you are covered by a retirement plan at work. The limits for deducting your IRA contributions are low in that case https://www.irs.gov/retirement-plans/2017-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-covered-by-a-retirement-plan-at-work However, the limits fo...
by NightFall
Wed Jun 28, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple 401a and 457?
Replies: 7
Views: 778

Re: Multiple 401a and 457?

Why do you think they gave you incorrect information? The 403b has an 18K elective contribution limit. The 457b has an 18K elective contribution limit. It appears each employer has a 415c 54K total contribution limit... however, the 457b is outside of the aggregation rules applied in the 415c limit....