Search found 505 matches

by Makaveli
Tue Nov 13, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1932

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 Makaveli
Mon Nov 12, 2018 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1932

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 Makaveli
Mon Nov 12, 2018 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1932

Re: Severance | 401(k)

Only you know your area and marketability, but with a month or two of regular salary, a bonus and generous severance, I'd max out 401k to ensure I got the tax deduction. I was in similar situation in 2018, but we could only max 50% 401k which I did for the 2 months before buyout date. Ensuring the ...
by Makaveli
Mon Nov 12, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1932

Re: Severance | 401(k)

Why not wait and see what happens with the new job. If you get a good new job with matching, you'll be glad you waited. if you are unemployed, having made no 2019 contributions to the 401K of your old employer, but having made some income in early 2019, you can make DEDUCTIBLE T-IRA contributions. ...
by Makaveli
Sun Nov 11, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Severance | 401(k)
Replies: 20
Views: 1932

Severance | 401(k)

The company I work for was recently acquired. Their CEO passed along that no employees will be absorbed. So they'll essentially cut us a generous check for severance. Unlike a former layoff this severance package is welcomed. After discussing with HR, severance and 19' pro-rated bonus will not be el...
by Makaveli
Tue Oct 16, 2018 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: When to TLH?
Replies: 11
Views: 1234

Re: When to TLH?

Dollar amount likely best, percentage will continue to change, and get larger, as your portfolio grows.
by Makaveli
Thu Aug 09, 2018 6:51 pm
Forum: Investing - Theory, News & General
Topic: Offering 401k Advice to my coworkers?
Replies: 36
Views: 3549

Re: Offering 401k Advice to my coworkers?

I would highly recommend backing off this. Potentially even apologize with the comment that you’re passionate about the topic. I did something similar a few years back. Held seminars. Lunch and learns. People from HR even attended once they heard about it & joined in. It blossomed from 5 close frien...
by Makaveli
Sat Jul 07, 2018 6:46 am
Forum: Investing - Theory, News & General
Topic: Anyone tilting heavy to international based on current forecasts?
Replies: 38
Views: 4367

Re: Anyone tilting heavy to international based on current forecasts?

New taxable contributions (new money & dividend reinvestments) are headed towards international. 401k still headed to US but at a slower clip. 70:30 US to international split with 5% bands. Moreso towards the 65:35 with this recent international focus.
by Makaveli
Sat Jun 30, 2018 9:00 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets in Bear Territory
Replies: 65
Views: 9188

Re: Emerging Markets in Bear Territory

Small tilt to VWO and rarely rebalance (other than new contributions or dividend reinvestments). That tilt resides within my rIRA so its impossible to harvest losses. Perhaps an area for improvement.
by Makaveli
Sun Apr 08, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to report a brokerage promotion bonus on Turbotax?
Replies: 20
Views: 1635

Re: How to report a brokerage promotion bonus on Turbotax?

It’s been a few months so don’t remember what I did but ran into the same issue and found the answer via google/TurboTax on how to account for it. It came to relabeling. Keep searching and you’ll probably stumble on the same info I found.
by Makaveli
Tue Mar 27, 2018 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Why is Vanguard not answering the phone
Replies: 31
Views: 4809

Re: Why is Vanguard not answering the phone

Bumping. 4 calls this morning and continued 'busy tone'. They sent me an urgent message saying I didn't cover my recent purchases although there is more than enough money in my fed money market fund.
by Makaveli
Wed Mar 07, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Tax withholding calculator
Replies: 6
Views: 681

Re: IRS Tax withholding calculator

If you feel confident in your numbers, than the result is the result. I did mine and it said I should go from 1 to 0, but that amounted to about $50 a check and for that, I didn't think it was worth the effort to change the withholding. I'll pay it at the end rather than give the government a loan....
by Makaveli
Wed Mar 07, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: IRS Tax withholding calculator
Replies: 6
Views: 681

Re: IRS Tax withholding calculator

Are all your inputs correct? You need a lot of detail for it to be accurate. Did not include estimated YE bonus taxes. Updated result: Based on your responses, your anticipated income tax for 2018 is $33,066. If you do not change your current withholding arrangement, you will have $27,442 withheld ...
by Makaveli
Wed Mar 07, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: IRS Tax withholding calculator
Replies: 6
Views: 681

Re: IRS Tax withholding calculator

Iliketoridemybike wrote:
Wed Mar 07, 2018 8:35 am
Are all your inputs correct? You need a lot of detail for it to be accurate.
I would like to think so. Estimated YE bonus but everything else should be pretty straight forward. Where did you enter your current allowances?
by Makaveli
Wed Mar 07, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: IRS Tax withholding calculator
Replies: 6
Views: 681

IRS Tax withholding calculator

Anyone else go through this to verify their W-4 w/ recent changes? I normally am credited/debited +/- $500 each year by claiming 2 allowances. Why is this result so different? Link: https://www.irs.gov/individuals/irs-withholding-calculator Your Results Based on your responses, your anticipated inco...
by Makaveli
Mon Feb 26, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: # X Gross = Home price?
Replies: 81
Views: 6817

Re: # X Gross = Home price?

I'm currently searching for 2-3x but housing in houston is insane right now. Minimum entry is $350k for anything reasonable (even townhouse). Otherwise you're getting an early 1900 house that's run down but 'in a good location'. Tough to justify IMO. Especially when I lived 30 min north a year ago ...
by Makaveli
Mon Feb 26, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: # X Gross = Home price?
Replies: 81
Views: 6817

Re: # X Gross = Home price?

I'm currently searching for 2-3x but housing in houston is insane right now. Minimum entry is $350k for anything reasonable (even townhouse). Otherwise you're getting an early 1900 house that's run down but 'in a good location'. Tough to justify IMO. Especially when I lived 30 min north a year ago a...
by Makaveli
Sun Feb 18, 2018 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 8443

Re: Sell me on the benefits of an emergency fund

HRPennypacker wrote:
Sun Feb 18, 2018 3:02 am
Helps me sleep better at night, so I have one. That's probably the main reason.
+1
by Makaveli
Thu Feb 15, 2018 8:25 am
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 27797

Re: Muni Money Market funds starting to look good!

Just a heads up. Looks like the "party" is pretty much over. As of right now : Vanguard Municipal Money Market Fund (VMSXX) - 0.93% Vanguard New York Municipal Money Market Fund (VYFXX) - 0.90% Vanguard California Municipal Money Market Fund (VCTXX) - 0.89% I just transferred my cash back to my Sav...
by Makaveli
Thu Feb 01, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Finally going to invest, brother is FA
Replies: 89
Views: 7497

Re: Finally going to invest, brother is FA

Emotions aside, what does your brother bring to the table? From someone who worked in the finance industry I was able to grow past the Boglehead dogma of No-FA ever. Some situations call for a FA, whether that be hourly or fixed %. Based on your message, I believe your situation is simple enough to ...
by Makaveli
Sun Jan 21, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for a lay off - what steps to take now
Replies: 37
Views: 4270

Re: Preparing for a lay off - what steps to take now

I believe HSA contribution limits are prorated based on the number of months you are employed (correction - number of months you have a high deductible health plan). https://www.kiplinger.com/article/business/T020-C001-S001-what-happens-to-your-hsa-if-you-re-laid-off.html I did not know this, this ...
by Makaveli
Mon Jan 15, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Family death, house for sale, under-valued.
Replies: 19
Views: 2790

Re: Family death, house for sale, under-valued.

I wouldn't invest with a silent partner. What would happen if he should die soon after and his heirs want their share of what he had owned? Go with a bank, instead, if you insist on doing this. Received a quote for $100k loan @ 5%. Brother in law works at a bank and says he could probably get me 3 ...
by Makaveli
Mon Jan 15, 2018 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Family death, house for sale, under-valued.
Replies: 19
Views: 2790

Re: Family death, house for sale, under-valued.

I wouldn't invest with a silent partner. What would happen if he should die soon after and his heirs want their share of what he had owned? Go with a bank, instead, if you insist on doing this. Received a quote for $100k loan @ 5%. Brother in law works at a bank and says he could probably get me 3 ...
by Makaveli
Mon Jan 15, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Family death, house for sale, under-valued.
Replies: 19
Views: 2790

Re: Family death, house for sale, under-valued.

We're you already planning on doing the real estate thing? Otherwise would pass. Put your business cap on. When an opportunity presents itself one should at least fully evaluate it. Does that include using the services of an anonymous internet forum who may or may not know what they are talking abo...
by Makaveli
Mon Jan 15, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Family death, house for sale, under-valued.
Replies: 19
Views: 2790

Re: Family death, house for sale, under-valued.

PFInterest wrote:
Sun Jan 14, 2018 10:44 pm
We're you already planning on doing the real estate thing? Otherwise would pass.
Put your business cap on. When an opportunity presents itself one should at least fully evaluate it.
by Makaveli
Mon Jan 15, 2018 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Family death, house for sale, under-valued.
Replies: 19
Views: 2790

Re: Family death, house for sale, under-valued.

Contractors have a lot incentive to tell you that there is more worked needed than is really the case. Not only could they get more work when you hire them to fix it, but they don't want to be sued if there is a problem and less work is done. Hire a structural engineer if you want to find out what ...
by Makaveli
Sun Jan 14, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Family death, house for sale, under-valued.
Replies: 19
Views: 2790

Re: Family death, house for sale, under-valued.

After living a long and good life my cousins grandparents have passed. Their daughter inherited the house and has informed my parents that her family would prefer to sell quickly in order to return to their normal routine. The house is located 2 blocks from where our family grew up so we are all fa...
by Makaveli
Sun Jan 14, 2018 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Family death, house for sale, under-valued.
Replies: 19
Views: 2790

Family death, house for sale, under-valued.

After living a long and good life my cousins grandparents have passed. Their daughter inherited the house and has informed my parents that her family would prefer to sell quickly in order to return to their normal routine. The house is located 2 blocks from where our family grew up so we are all fam...
by Makaveli
Sun Jan 14, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2826

Do you correct cashier mistakes?

This happens from time to time, so do you correct cashier mistakes? Normally it's a missing beer on a tab. Perhaps a grocery item. Yesterday it was an oil change, where I was quoted $19.99 over the phone, then $48.99 at the store (car takes a few extra quarts), only for a different mechanic to check...
by Makaveli
Sun Jan 07, 2018 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Muni Money Market?
Replies: 41
Views: 5122

Re: Why not Muni Money Market?

Pretty small amount to worry about. Can't see why anyone would have MM accounts at today's rates. Online savings accounts pay more. What online savings account yields more than 1.39 after taxes? (talking about muni fund) Ally Bank's current rate is just 1.25%. 0.15% ER for Vanguard Muni MM. Since t...
by Makaveli
Sun Jan 07, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Muni Money Market?
Replies: 41
Views: 5122

Re: Why not Muni Money Market?

Pretty small amount to worry about. Can't see why anyone would have MM accounts at today's rates. Online savings accounts pay more. What online savings account yields more than 1.39 after taxes? (talking about muni fund) Ally Bank's current rate is just 1.25%. 0.15% ER for Vanguard Muni MM.
by Makaveli
Fri Jan 05, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: House Down-payment
Replies: 15
Views: 2716

Re: House Down-payment

I would definitely transfer funds at least to a money market account. Short term bonds are OK too with fairly low risk of principal loss. In the scheme of things though, we aren't talking about much money (0% return versus 1-2% after tax on $50K). If you think you might wait 3-5 years to buy (or ev...
by Makaveli
Thu Jan 04, 2018 11:06 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 30086

Re: Hitting The Sell Button

I have hit an upper bound rebalancing trigger once again today. But I decided that I am just going to increase the range of my rebalancing bands and not sell at this time. I'll sell when I need to get some money to spend instead. What's the point of having a band if it's elastic? Semi serious, caus...
by Makaveli
Thu Jan 04, 2018 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: House Down-payment
Replies: 15
Views: 2716

Re: House Down-payment

I would definitely transfer funds at least to a money market account. Short term bonds are OK too with fairly low risk of principal loss. In the scheme of things though, we aren't talking about much money (0% return versus 1-2% after tax on $50K). If you think you might wait 3-5 years to buy (or ev...
by Makaveli
Thu Jan 04, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: House Down-payment
Replies: 15
Views: 2716

Re: House Down-payment

I'm probably 3-5 years out from buying. I'm willing to take some risk with my downpaent funds, because they're far in excess of 20%. My allocation is 40% stock (US and Intl), 20% bonds, and 40% cash (Ally and similar). New money goes into cash to gradually reduce risk as I get closer. Hope this hel...
by Makaveli
Thu Jan 04, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: House Down-payment
Replies: 15
Views: 2716

House Down-payment

Admittedly, I have gone back and forth on this for quite some time but now it's starting to irk me. 20% downpayment sitting at Ally. Aiming for approx. $250k first time house. This has been here for 2-3 years and I do not see myself purchasing in 2018 (lease runs through September, likely renew). Th...
by Makaveli
Tue Jan 02, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard glitch: don't contribute 2018 IRA now! [FIXED NOW]
Replies: 25
Views: 4019

Re: Vanguard glitch: don't contribute 2018 IRA now! [FIXED NOW]

Makaveli - I'm seeing the same thing (I think). As expected for me at this time of day for a mutual fund purchase, the funds are in a brokerage account money market settlement fund. By tomorrow or the 4th, I expect the dollars will purchase the fund I selected. I also expect the release date will s...
by Makaveli
Tue Jan 02, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard glitch: don't contribute 2018 IRA now! [FIXED NOW]
Replies: 25
Views: 4019

Re: Vanguard glitch: don't contribute 2018 IRA now! [FIXED NOW]

For those utilizing the backdoor process, it appears that my balance is pending in the tIRA with an expected 1/9 release date. Others seeing the same? Unable to convert in the meantime.
by Makaveli
Sat Dec 30, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Daughter's John Hancock 401k
Replies: 13
Views: 1208

Re: Daughter's John Hancock 401k

Also changed companies recently and ran into a John Hancock 401k provider. They offer 43 funds with the lowest ER of 0.78% for S&P. I emailed one of the companies 2 HR ladies and offered my assistance with the plan - she was kind and said thatd be great but have yet to hear back. Since my play here ...
by Makaveli
Tue Dec 26, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA versus Saving for House Downpayment
Replies: 2
Views: 494

Re: Roth IRA versus Saving for House Downpayment

Not as big of a time crunch as you think, can still capture 2017 space through early 2018.

Also, what is your income level? Are these contributions or conversions from traditional ira (aka backdoor roth).
by Makaveli
Sat Dec 23, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: The extended bull market
Replies: 53
Views: 4944

Re: The extended bull market

I rebalanced when my equities were 3.5% over band, admittedly breaking my 5% rebalance criteria.
by Makaveli
Fri Dec 22, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: 28 years old 400,000 New investor
Replies: 5
Views: 1158

Re: 28 years old 400,000 New investor

Alright it's the holidays, I'll help. 2nd post within the 'Help with Personal Investments' forum. Enjoy!
by Makaveli
Fri Dec 22, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: 28 years old 400,000 New investor
Replies: 5
Views: 1158

Re: 28 years old 400,000 New investor

Welcome and congrats on the nice start. You've come to the right place. Let's take a few steps back from fund selection. As a business owner I'm sure you can navigate around this website pretty easily. For the right feedback there is a certain post format that will help us all. Once readers have tha...
by Makaveli
Mon Dec 18, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Where do you read financial news?
Replies: 44
Views: 5282

Re: Where do you read financial news?

Similar to others, WSJ and bogleheads. Nice perk from company to pop for the subscription.
by Makaveli
Fri Dec 08, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Does a Boglehead ever time the market?
Replies: 65
Views: 5371

Re: Does a Boglehead ever time the market?

Don't make it more complicated than it is. You're young. Time in the market is what is important. Leverage compounding growth. Create a plan. Perhaps you don't lump sum. DCA for next 12 months at very least.
by Makaveli
Sun Dec 03, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA 2018 Contribution
Replies: 15
Views: 2717

Re: ROTH IRA 2018 Contribution

Yes, DCA or lump sum is okay. Investment selection is your choice as well.
by Makaveli
Mon Nov 13, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: What's your weighted average expense ratio?
Replies: 65
Views: 4685

Re: What's your weighted average expense ratio?

0.06%, new 401k lowest ER is 0.78%. A work in progress.
by Makaveli
Sat Sep 23, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing into U.S.Stocks
Replies: 31
Views: 3217

Re: Rebalancing into U.S.Stocks

This is precisely why I have a robotic rebalancing strategy. Removes bias, self-doubt, and delay tactics. If I didn't, I know I'd be going through a similar reaction as you. I still rebalanced in my usual robotic fashion. It just felt awkward. Like I was breaking up my someone just because I heard ...
by Makaveli
Sat Sep 23, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing into U.S.Stocks
Replies: 31
Views: 3217

Re: Rebalancing into U.S.Stocks

This is precisely why I have a robotic rebalancing strategy. Removes bias, self-doubt, and delay tactics. If I didn't, I know I'd be going through a similar reaction as you. Sounds like a synonym for mindless . Must rebalancing be mindless? I'm not sure I would agree with that description. That pla...
by Makaveli
Fri Sep 22, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing into U.S.Stocks
Replies: 31
Views: 3217

Re: Rebalancing into U.S.Stocks

This is precisely why I have a robotic rebalancing strategy. Removes bias, self-doubt, and delay tactics.

If I didn't, I know I'd be going through a similar reaction as you.