Search found 669 matches

by Compound
Tue Jul 09, 2019 5:23 pm
Forum: Personal Investments
Topic: 457/403 Questions with New Job
Replies: 8
Views: 425

Re: 457/403 Questions with New Job

3boystoraise wrote:
Tue Jul 09, 2019 4:43 pm
Good to know. I will put this on my list of questions to ask when I meet with the benefit people this week.
Exactly right. HR can tell you if it’s a governmental 457 plan or not. The summary plan description documents should have that info as well.
by Compound
Mon Jul 08, 2019 9:40 pm
Forum: Personal Consumer Issues
Topic: (Tall) Buyer Beware: Honda Accord.
Replies: 69
Views: 5208

Re: (Tall) Buyer Beware: Honda Accord.

My automotive ownership history goes: '89 Dodge Ram, '90 Compact Isuzu, Impala, Mustang, Mazda6, Mazda6, Equinox, and now the Accord. I've never owned an uncomfortable vehicle till now. Similar stature here. Sorry to hear your Accord isn’t working out. Amazing how different the fit can be for diffe...
by Compound
Mon Jul 08, 2019 9:26 pm
Forum: Personal Investments
Topic: 457/403 Questions with New Job
Replies: 8
Views: 425

Re: 457/403 Questions with New Job

Is the 457b governmental or non-governmental? This distinction is important and should be considered when making your decision. See here:

https://www.bogleheads.org/wiki/457(b)
by Compound
Fri Jul 05, 2019 3:36 pm
Forum: Personal Investments
Topic: Portfolio Review
Replies: 22
Views: 1299

Re: Portfolio Review

Agree with Tamarind on both points. To add on: T Rowe Price Blue Chip Growth Fund has an expense ratio of 0.70. I’d expect you could do way better on the expense side of the ledger (by a factor of 10) with a broad market index fund. And the concern about having a similar broad market fund in anothe...
by Compound
Fri Jul 05, 2019 3:26 pm
Forum: Personal Investments
Topic: Portfolio Review
Replies: 22
Views: 1299

Re: Portfolio Review

Agree with Tamarind on both points. To add on: T Rowe Price Blue Chip Growth Fund has an expense ratio of 0.70. I’d expect you could do way better on the expense side of the ledger (by a factor of 10) with a broad market index fund. And the concern about having a similar broad market fund in another...
by Compound
Fri Jul 05, 2019 6:30 am
Forum: Personal Investments
Topic: 403b fund questions
Replies: 11
Views: 567

Re: 403b fund questions

Your main question seems to revolve around cost basis. The funds in question are in a 403b, which means cost basis is irrelevant. Cost basis is very relevant to taxable accounts because the taxable portion is determined based upon sale price minus the cost basis (i.e. you are only taxed on gains) an...
by Compound
Mon Jul 01, 2019 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: When would you change home and auto?
Replies: 4
Views: 659

Re: When would you change home and auto?

Have you already done the work to compare policies and ensure similar coverages? Are you satisfied that the level of service across companies is comparable?

If you’ve already done the legwork, why wouldn’t you pocket the $240 worth of work you’ve already put in?
by Compound
Mon Jun 24, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding on the right mortgage product
Replies: 5
Views: 534

Re: Deciding on the right mortgage product

What’s the rationale for getting a second home? Is this intended as a rental property? How long do you plan to keep it? How does the rest of your financial picture look?
by Compound
Sun Jun 23, 2019 9:19 am
Forum: Personal Investments
Topic: Getting caught up in minutia of investing-How to make things simple
Replies: 45
Views: 3758

Re: Getting caught up in minutia of investing-How to make things simple

Everyday I spend multiple hours reading on this forum. I thoroughly enjoy it, but then I wonder what is more important at the end of the day the fact that you put money away consistently or whether it was Roth or tax deferred. Which debt to tackle first vs just making strides to get something paid ...
by Compound
Sun Jun 23, 2019 8:27 am
Forum: Personal Investments
Topic: Switch 403(b) to an IRA or Stay?
Replies: 17
Views: 830

Re: Switch 403(b) to an IRA or Stay?

Clearly the next course of action is to research the available 403b plans. Doesn’t your employer provide information on the various plans? Go through them all, paying particular attention to fees and expense ratios of the mutual funds you’d be interested in.
by Compound
Sun Jun 23, 2019 8:13 am
Forum: Personal Investments
Topic: 31 and needing outsider critique on finances - Correct Format!
Replies: 38
Views: 5037

Re: 31 and needing outsider critique on finances - Correct Format!

You report a present marginal bracket of 12%. Do you expect your household income to increase substantially over time? If so, consider making Roth 401k contributions (if available) instead of traditional. Take advantage of paying taxes now while you’re in a low bracket if you’re expected future brac...
by Compound
Thu May 30, 2019 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 26077

Re: Can I afford this 2.3 million dollar home?

Income: Combined annual income $850k, will increase to 1-1.2 mil next year. Fairly secure employment. Why will it increase so much next year? That guaranteed? How secure? 10 years secure? If one of you lost of your jobs today, would it be easy to get another job making the same kind of money? You c...
by Compound
Sun May 26, 2019 2:11 pm
Forum: US Chapters
Topic: Retiredjg at 36,000 posts!
Replies: 34
Views: 2550

Re: Retiredjg at 36,000 posts!

Retiredjg is a true gem. Time and again I’ve seen Retiredjg keep the conversation going with the OP until all sinks in. This sometimes takes 5, 10, or more responses in a thread, which Retiredjg delivers with grace and patience.
by Compound
Mon Apr 08, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Cost Basis for Vanguard
Replies: 12
Views: 1284

Re: Cost Basis for Vanguard

This thread may help:

viewtopic.php?t=173256

livesoft and House Blend wrote some compelling reasons for using specific ID. I was convinced and am glad they talked me into it.
by Compound
Fri Mar 15, 2019 8:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard supervisor and brother-in-law stole over $2M from dead customers and dormant accounts
Replies: 19
Views: 4658

Re: Vanguard supervisor and brother-in-law stole over $2M from dead customers and dormant accounts

A former Vanguard Group supervisor stole more than $2 million by taking money from dead or inactive customers’ accounts before state treasurers could take custody of the unclaimed money , prosecutors say. But it is ok if the state treasurers take it. :confused The article goes on to say: When inves...
by Compound
Tue Mar 12, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Pay Down Strategy
Replies: 35
Views: 3023

Re: Debt Pay Down Strategy

Many thanks All! Addressing a few questions / comments: Agreed on the low 529 balances given 3 kids headed to college soon. We intend to fully pay for their undergrad college expenses. Given our income and assets however, we aren't expecting much in the way of aid. No academic or athletic scholarsh...
by Compound
Tue Mar 12, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Debt Pay Down Strategy
Replies: 35
Views: 3023

Re: Debt Pay Down Strategy

Many thanks All! Addressing a few questions / comments: Agreed on the low 529 balances given 3 kids headed to college soon. We intend to fully pay for their undergrad college expenses. Given our income and assets however, we aren't expecting much in the way of aid. No academic or athletic scholarsh...
by Compound
Sat Mar 09, 2019 2:20 pm
Forum: Personal Investments
Topic: 32 y/o Portfolio Review: Student Loan vs Taxable Debate
Replies: 10
Views: 635

Re: 32 y/o Portfolio Review: Student Loan vs Taxable Debate

I’m joining the chorus — pay off those loans
by Compound
Wed Mar 06, 2019 9:19 pm
Forum: Personal Investments
Topic: New to investing - Need investment advice
Replies: 4
Views: 345

Re: New to investing - Need investment advice

Welcome to the forum. Why so many funds? Seems like you should really consider limiting complexity and streamlining your portfolio. When deciding which funds to keep, think about cost: https://www.bogleheads.org/wiki/Expense_ratios Also, consider which accounts (401k, IRA, taxable) you want the fund...
by Compound
Tue Mar 05, 2019 9:34 pm
Forum: Personal Investments
Topic: Next steps for investing?
Replies: 9
Views: 992

Re: Next steps for investing?

Taxable account and 529s
by Compound
Fri Feb 15, 2019 12:20 pm
Forum: Personal Investments
Topic: Portfolio review
Replies: 7
Views: 443

Re: Portfolio review

Safe to assume that TRP stands for T. Rowe Price? Are those funds from one of your 403b accounts? Any cheaper options available?
by Compound
Thu Feb 14, 2019 1:03 pm
Forum: Personal Investments
Topic: Theory: NOW is the Best Time for Total World Stock
Replies: 145
Views: 17772

Re: Theory: NOW is the Best Time for Total World Stock

Put me squarely in the “nobody knows nothin’” camp on this one. Using relative valuations as a metric on what an investor should do is at best very, very tricky in my opinion. Let’s take the opposite case than is proposed in your situation. Let’s say someone’s portfolio is heavily overweight in inte...
by Compound
Fri Feb 08, 2019 6:50 pm
Forum: Personal Consumer Issues
Topic: Describe doing new car purchase paperwork when you collect the car
Replies: 30
Views: 1548

Re: Describe doing new car purchase paperwork when you collect the car

This is exactly why you negotiate on the out the door price. That price is inclusive of all taxes and fees. The price you were quoted should exactly match the paperwork you are presented. Things I’ve had dealers attempt to sell to me at closing: clear coat protection tire warranty window etching at...
by Compound
Fri Feb 08, 2019 8:44 am
Forum: Personal Consumer Issues
Topic: Describe doing new car purchase paperwork when you collect the car
Replies: 30
Views: 1548

Re: Describe doing new car purchase paperwork when you collect the car

This is exactly why you negotiate on the out the door price. That price is inclusive of all taxes and fees. The price you were quoted should exactly match the paperwork you are presented. Things I’ve had dealers attempt to sell to me at closing: clear coat protection tire warranty window etching at...
by Compound
Fri Feb 08, 2019 6:48 am
Forum: Personal Consumer Issues
Topic: Describe doing new car purchase paperwork when you collect the car
Replies: 30
Views: 1548

Re: Describe doing new car purchase paperwork when you collect the car

This is exactly why you negotiate on the out the door price. That price is inclusive of all taxes and fees. The price you were quoted should exactly match the paperwork you are presented. Things I’ve had dealers attempt to sell to me at closing: clear coat protection tire warranty window etching att...
by Compound
Tue Feb 05, 2019 6:05 am
Forum: Non-US Investing
Topic: Switching from Actively Managed Funds to Passively Managed Funds [Italy]
Replies: 9
Views: 640

Re: Switching from Actively Managed Funds to Passively Managed Funds

While I know nothing about the Italian stock market, I do know that it is unwise to wait for a specific fund to “recover” before switching to low cost funds. There is absolutely no guarantee that your presently owned high cost funds will return to the price that you desire, and there is also no guar...
by Compound
Wed Jan 30, 2019 7:39 pm
Forum: Personal Consumer Issues
Topic: Best weather sites
Replies: 28
Views: 2173

Re: Best weather sites

Been very happy using darksky.net. The interface is pretty clean and you can really dig into the weeds if you want to.
by Compound
Mon Jan 28, 2019 9:43 pm
Forum: Personal Investments
Topic: Newbie w/ Q on Taxable Accts.
Replies: 7
Views: 688

Re: Newbie w/ Q on Taxable Accts.

How long have you owned the fund? What’s your cost basis? Net gain or loss? Have owned the fund for quite a few years. The tax hit on the dividends didn't matter much because we were so broke. But the kids are in college now and with the tax changes and higher income I'm paying more attention to ta...
by Compound
Mon Jan 28, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth for 2018 and 2019 now? And other questions
Replies: 8
Views: 673

Re: Backdoor Roth for 2018 and 2019 now? And other questions

I’m a bit confused by your second question. You don’t have a rollover IRA, do you? That will cause a problem with the Backdoor Roth — the pro rata rule. In essence, you don’t only convert the after tax dollars as you’d like, you convert a proportional amount of all traditional IRA assets (both pre ...
by Compound
Mon Jan 28, 2019 6:56 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13803

Re: High Earners Mostly Use Taxable Accounts?

Taxable accounts can be just as tax efficient as Roth IRAs for many [non] taxpayers. Show the math on how taxable is remotely as efficient for any high earner. It isnt. Even for low earners they tend not to be as efficient as you lose out on things like the savers credit. Heck compare the financial...
by Compound
Fri Jan 25, 2019 10:14 pm
Forum: Personal Investments
Topic: Newbie w/ Q on Taxable Accts.
Replies: 7
Views: 688

Re: Newbie w/ Q on Taxable Accts.

How long have you owned the fund? What’s your cost basis? Net gain or loss?
by Compound
Fri Jan 25, 2019 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth for 2018 and 2019 now? And other questions
Replies: 8
Views: 673

Re: Backdoor Roth for 2018 and 2019 now? And other questions

Wife and I (mid-late 30s) are phased out of Roth eligibility due to income. Neither of us has an IRA. Both have 401k, 403b, and/or profit sharing accounts only. Want to start doing a Backdoor Roth annually. This will be our first year doing this. I have done a fair amount of reading, but have some ...
by Compound
Fri Jan 25, 2019 9:55 pm
Forum: Personal Investments
Topic: 401k Help! For a 25 y/o
Replies: 5
Views: 575

Re: 401k Help! For a 25 y/o

Welcome to the forum.

Your chosen asset allocation seems reasonable. I don’t see a compelling reason to add the fourth fund.

I’d suggest going with the three fund in your Fidelity account as well. Why bother with the target date fund, when you can arrange something similar for cheaper?
by Compound
Fri Jan 25, 2019 9:51 pm
Forum: US Chapters
Topic: Happy Birthday, Taylor!
Replies: 76
Views: 3918

Re: Happy Birthday, Taylor!

Happy Birthday! Thank you for your many contributions to this community!
by Compound
Tue Jan 22, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: Fake Passive Investors
Replies: 51
Views: 2963

Re: Fake Passive Investors

One is in agreement with the establishment at Vanguard in regards of what is consider passive and active (even though they seem to be ambiguous about international), from their Vanguard's Investment Commentary series : Chris Tidmore: At Vanguard, we define passive as broad market-cap-weighted inves...
by Compound
Mon Jan 21, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 16
Views: 1211

Re: Student Loans

F150HD wrote:
Mon Jan 21, 2019 10:25 am
.... My CPA has been trying to shift things around to make it look like I'm making less than I am for my company to keep my payments low ...
?
:confused

Also, is your own business a 501(c)3? If not, I suspect you’re going to be out of luck on the PSLF.
by Compound
Mon Jan 21, 2019 10:25 am
Forum: Personal Consumer Issues
Topic: Have you searched for your unclaimed property?
Replies: 52
Views: 4221

Re: Have you searched for your unclaimed property?

Years ago I had an admin assistant that searched my name (along with several other employees) after she saw a report on the news about this type of thing. She notified me that my name popped up as having unclaimed cash. I followed up with the state and was pleasantly surprised to receive several hun...
by Compound
Mon Jan 21, 2019 10:20 am
Forum: Investing - Theory, News & General
Topic: xkcd Webcomic Weighs in on Technical Analysis
Replies: 15
Views: 1494

Re: xkcd Webcomic Weighs in on Technical Analysis

:D :D :D

That is hilarious. Thanks for sharing!
by Compound
Mon Jan 21, 2019 10:17 am
Forum: Personal Investments
Topic: Afoot or on horseback?
Replies: 24
Views: 1884

Re: Afoot or on horseback?

Your first order of business should be to find out what you’re paying in annual fees for advisory services. My guess is that you will be unpleasantly surprised. Add on top of that the expense ratios and loads of the funds chosen for you and I’d expect you’ll be very very unpleasantly surprised. I’d ...
by Compound
Wed Jan 16, 2019 5:30 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 52009

Re: John Bogle is dead at 89

Saddened to hear this. Thank you Jack Bogle for everything you did for the ordinary investor.
by Compound
Wed Jan 16, 2019 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best kids savings account
Replies: 22
Views: 2025

Re: Best kids savings account

Seems like very few online banks offer children’s saving accounts nowadays. Our local banks interest rate for children’s savings accounts was abysmal. We ultimately went with capital one 360. The interest rate is relatively poor (1%) compared to other online savings accounts, however there is someth...
by Compound
Tue Jan 15, 2019 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Best way to help my wife buy a new car (gift tax implications?)
Replies: 15
Views: 2017

Re: Best way to help my wife buy a new car (gift tax implications?)

OP here. Found this: https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-us-estate-and-gift-tax-rules-for-resident-and-nonresident-aliens.pdf in which the maximum amount I could gift her without tax appears to be $148K (at least in 2016): "US citizens and domiciliaries are subjec...
by Compound
Mon Jan 14, 2019 10:13 pm
Forum: Personal Investments
Topic: Need tips!
Replies: 17
Views: 1834

Re: Need tips!

Expensive ratio I like the typo, intentional or not! Should I just transfer all the funds into FDKLX Seems reasonable for the Roth. Although, if you decide on an overall asset allocation for all your retirement funds, you could use the S&P500 fund in your Roth for a good portion of your stock alloc...
by Compound
Mon Jan 14, 2019 9:54 pm
Forum: Personal Investments
Topic: I'm the noobiest noob
Replies: 16
Views: 1733

Re: I'm the noobiest noob

Welcome to the forum! Not a great start. I respectfully disagree. You’ve contributed to a tax protected account for the first time — way to go! As far as the question of putting money into the 2018 or 2019 Roth, that’s very straightforward: use the 2018 space until it’s full, then start on 2019. The...
by Compound
Mon Jan 14, 2019 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to help my wife buy a new car (gift tax implications?)
Replies: 15
Views: 2017

Re: Best way to help my wife buy a new car (gift tax implications?)

One quick point, there are some exceptions to spousal gifts being exempt from the gift tax. See page 2 of the IRS instructions for form 709: https://www.irs.gov/pub/irs-pdf/i709.pdf For example, if your spouse is not a citizen, the gift may be subject to tax. Note however, that the amount in questio...
by Compound
Mon Jan 07, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 274
Views: 23816

Re: $40,000 in debt, bankruptcy seems to be the best option right now

OPEN home equity line credit, use it pay off all credit card debt Get off car lease Get rid of ADT, life insurance, etc Get a high pay job. OP has been in the house 3 months and has no home equity, so this is not an option. Depend how much OP down and bank value of the house. CC interest is like 14...
by Compound
Mon Jan 07, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: investing until it's uncomfortable..or cruise control
Replies: 8
Views: 923

Re: investing until it's uncomfortable..or cruise control

I've heard that you should do this (invest/save until it's uncomfortable) but I'm just curious given my current situation if I should continue to try to push the envelope or just hit the cruise control button on retirement savings and spend more/just not worry about it as much? 38yo married 2 kids ...
by Compound
Fri Jan 04, 2019 6:53 pm
Forum: Personal Investments
Topic: Should I open a 403(b)?
Replies: 27
Views: 1291

Re: Should I open a 403(b)?

You have $6k/mo to put toward investments — wow, that’s excellent!

Seems that the 403b and 457b will both be in order, as long as the plans are reasonable. You would then contribute $19k each for the year — the rest of your investment money could then go to taxable accounts.