Search found 221 matches

by NightFall
Thu Dec 07, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Does this make sense (457B)
Replies: 5
Views: 390

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: 427

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: 3989

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: 3989

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: 883

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: 1675

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: 3040

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: 6482

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: 6482

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: 3855

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: 1798

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: 3855

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: 5639

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: 546

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: 1040

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: 790

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: 3986

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: 1562

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: 1144

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: 8566

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: 1239

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: 4151

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: 3462

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: 3462

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: 19
Views: 2201

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: 1093

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: 613

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....
by NightFall
Wed Jun 28, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Starting our journey to FI
Replies: 6
Views: 1219

Re: Starting our journey to FI

Thanks for the feedback. I've got roughly $160k left on the mortgage of the rental property. Once the CAD $ rebounds I'd like to move my funds down and can pay that off in full.... Something is wrong then. 160K principal with a .04125 interest rate and 16 years left gives a monthly payment of about...
by NightFall
Wed Jun 28, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Starting our journey to FI
Replies: 6
Views: 1219

Re: Starting our journey to FI

Most here would tell you not to invest in individual dividend stocks, especially in taxable. 4.125% is not small. I would favor paying more into the rental to pay it off and improve cash flow. I estimate you have about 231K left on your rental mortgage. Paying an extra 2K per month will pay it off i...
by NightFall
Wed Jun 28, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Multiple 401a and 457?
Replies: 7
Views: 613

Re: Multiple 401a and 457?

Welcome to the board. The 415c limit is $54K for 2017, not $53K. The aggregation rules in the 415c limit are a bit murky to me. There is an aggregation required if you participate in a 403b and another plan at a company for which you have more than 50% control of. For 401K's, it appears you get a di...
by NightFall
Tue Jun 27, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: What investment account should I put more money in?
Replies: 12
Views: 1725

Re: What investment account should I put more money in?

I don't think the answer is as easy as annielouise stated. We know essentially nothing about your pension, how big your retirement accounts are, what investment options are available in the different accounts, your taxable income, or even your age. The fact that your 403b has averaged 8% means nothi...
by NightFall
Thu Jun 22, 2017 9:22 pm
Forum: Personal Consumer Issues
Topic: Virgin Mobile unlimited talk, text, data for $1?
Replies: 16
Views: 2389

Re: Virgin Mobile unlimited talk, text, data for $1?

2015 wrote: How about that after the first year the pricing changes to $50/month, or $600 annually?
Based on what I've read, you can just leave and go to another carrier and keep the phone.
by NightFall
Thu Jun 22, 2017 7:26 am
Forum: Personal Consumer Issues
Topic: Virgin Mobile unlimited talk, text, data for $1?
Replies: 16
Views: 2389

Re: Virgin Mobile unlimited talk, text, data for $1?

Thanks. Reading comments, the most common complaint with Virgin appears to be about service and long waits to talk to anyone. I'm not as keen on the Sprint deal. You still pay taxes/fees, they charge for the sim, activation,... I've had Sprint in the past. I'm not sure I'm going back. At some point ...
by NightFall
Wed Jun 21, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: SURS help [State Universities Retirement System]
Replies: 10
Views: 981

Re: SURS help [State Universities Retirement System]

ToadAndFriends has a good summary. Just looking at the plan information, Traditional and Portable are a pension. The difference *appears* to be that portable allows you to withdraw more if you leave the plan at the cost of survivor benefits.... I can't say I really understand that much. The Self-Man...
by NightFall
Wed Jun 21, 2017 8:25 pm
Forum: Personal Consumer Issues
Topic: Virgin Mobile unlimited talk, text, data for $1?
Replies: 16
Views: 2389

Virgin Mobile unlimited talk, text, data for $1?

I saw an announcement that Virgin Mobile is offering a year of service for $1 if you buy an iphone from them and transfer your number before September sometime. The iphone SE starts at $279 for the 32GB version through Virgin Mobile (Apple sells the same one for $399). This deal appears too good to ...
by NightFall
Thu Jun 15, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: House closing in 2 weeks. RE Attorney made a mistake and won't fess up. What to do???
Replies: 8
Views: 1318

Re: House closing in 2 weeks. RE Attorney made a mistake and won't fess up. What to do???

Surveys in my area cost about $500+ or so. However, if the seller has an old survey and the buyer agrees to use it, the cost can sometimes be avoided. So it is possible he wasn't lying when he said that you really didn't need to have a survey. Whether or not the seller actually has an old survey or ...
by NightFall
Mon May 29, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Ballpark figure for closing cost and what not when selling and buying a home
Replies: 5
Views: 539

Re: Ballpark figure for closing cost and what not when selling and buying a home

When we sold, our realtor gave a ballpark of 10% of the cost of the house. That number turned out to be extremely accurate.
by NightFall
Fri May 19, 2017 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: I'm having a freak-out moment (portfolio question)
Replies: 24
Views: 2937

Re: I'm having a freak-out moment (portfolio question)

retire57 wrote:The only thing you should be freaking out about is not having an emergency fund.
and paying only $200/month to a $2500 credit card bill. :shock: Seriously, get rid of this debt as quick as you can assuming the interest rate is anywhere close to normal credit card interest rates.
by NightFall
Fri May 19, 2017 7:35 am
Forum: Personal Consumer Issues
Topic: Summer outdoor parties - party food ideas
Replies: 20
Views: 2121

Re: Summer outdoor parties - party food ideas

She might be talking about baba ganoush for the egg plant dip. I'm not sure why spoilage is an issue unless you plan on leaving this stuff in the sun for hours. If there is a time dinner/food is served, put it out just before then. How long does it take for people to get food? Potato salad is a stap...
by NightFall
Mon May 15, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance & New Roofs
Replies: 44
Views: 4338

Re: Homeowner's Insurance & New Roofs

Significant increase in granules is a sign of damage. I had about 2-3 inches in my gutters after the last hail storm. I would suggest getting an opinion from someone who doesn't sell roofs. The insurance companies are skeptical (and rightly so) of the wolf guarding the hen house...
by NightFall
Wed May 10, 2017 7:06 am
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 6680

Re: What newspaper or magazine do you pay for?

Cooks Country. I find it has more practical recipes and a lot more of them compared to Cooks Illustrated. It's like getting a little present in the mail randomly.
by NightFall
Fri May 05, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Priority of Retirement Accounts
Replies: 18
Views: 1967

Re: Priority of Retirement Accounts

Second, I would check if your 401K has better or worse options than an IRA. If worse, invest in the IRA next assuming you are under the income restrictions . . . You also don't likely qualify for a traditional IRA contribution if you're in the 28% tax bracket . As a clarification, and correct me if...
by NightFall
Fri May 05, 2017 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Priority of Retirement Accounts
Replies: 18
Views: 1967

Re: Priority of Retirement Accounts

You should invest enough in your 401K to get the company match first. Second, I would check if your 401K has better or worse options than an IRA. If worse, invest in the IRA next assuming you are under the income restrictions. As noted above, several would advise you to stick with a ROTH IRA if you ...
by NightFall
Tue May 02, 2017 7:02 pm
Forum: Investing - Theory, News & General
Topic: Giving a Talk on Personal Finance & Investing - Advice?
Replies: 41
Views: 3183

Re: Giving a Talk on Personal Finance & Investing - Advice?

A disclaimer that examples are not guarantees of returns and that your talk does not constitute advice to invest in any particular product.
by NightFall
Thu Apr 27, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: putting more than 20% down on new home purchase
Replies: 41
Views: 5710

Re: putting more than 20% down on new home purchase

I have the option of going into my assets to sell some shares in my brokerage account, or borrow from my TSP account, or sell some U.S. treasury bonds to put more down Personally, I wouldn't do any of those to put more than 20% down. If you have trouble later with the payments, I would consider tho...
by NightFall
Wed Apr 26, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: putting more than 20% down on new home purchase
Replies: 41
Views: 5710

Re: putting more than 20% down on new home purchase

I have the option of going into my assets to sell some shares in my brokerage account, or borrow from my TSP account, or sell some U.S. treasury bonds to put more down Personally, I wouldn't do any of those to put more than 20% down. If you have trouble later with the payments, I would consider tho...
by NightFall
Mon Apr 24, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: "Negative points" on mortgage
Replies: 47
Views: 3673

Re: "Negative points" on mortgage

Ok, I did not realize that the closing costs could change as a result. Even if they didn't change: The loan amount is 186k. I compared a rate of 3.75% vs. a rate of 3.875% with $1313 cash paid to the buyer at closing. After 5 years, the higher rate would mean that you had $348 less in equity and yo...
by NightFall
Tue Apr 18, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of stuff would you never DIY, assuming you could?
Replies: 75
Views: 7229

Re: What kind of stuff would you never DIY, assuming you could?

Replacing overhead door springs. It's not a terribly complicated or difficult job, but the consequence of error is death, dismemberment, or paralysis. Very few risks that serious can be completely eliminated for under $200. +1 I would never load or unload a spring in a garage door myself. The risk ...
by NightFall
Wed Apr 12, 2017 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Financing purchase of new home prior to selling old one
Replies: 7
Views: 775

Re: Financing purchase of new home prior to selling old one

It appears that you need money for a short period of time. The problem with mortgages is all of the fees associated with them. However, I have found that some lenders allow you to manipulate the interest rates upwards in exchange for negative points. They are essentially betting that you will hold t...
by NightFall
Fri Apr 07, 2017 6:40 am
Forum: Investing - Help with Personal Investments
Topic: 403(B) Retirement Investments Do I need 2?
Replies: 5
Views: 417

Re: 403(B) Retirement Investments Do I need 2?

I'm not clear on whether or not there is a difference between the two. If they really are just two separate accounts, it won't matter as far as I can tell. If the accounts have different fees or different investment options, then I would use the one with the lowest fees all other things equal.