Search found 6247 matches

by Earl Lemongrab
Thu Jan 24, 2019 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice - quit 6-figure job to do coding school?
Replies: 73
Views: 4357

Re: Need Advice - quit 6-figure job to do coding school?

I'll say that at many companies, there's a difference between "coders" and "software engineers". The latter are supposed to be able to do a lot more design and integration work. At MegaCorp it was not a bottom-rung job. You're an engineer, in the usual track for that. It does bring into question how...
by Earl Lemongrab
Wed Jan 23, 2019 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth and Pro Rata Rules
Replies: 11
Views: 520

Re: Backdoor Roth and Pro Rata Rules

Can you work with your wife in her business so that you would qualify to have an account in that i401(k)?
by Earl Lemongrab
Wed Jan 23, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - quit 6-figure job to do coding school?
Replies: 73
Views: 4357

Re: Need Advice - quit 6-figure job to do coding school?

One of the reasons I'm leaning over the bootcamp option versus MS or grad school is tuition cost, opportunity cost, and time. Seems like bootcamp curriculum is more practical and can get me to land a software engineer job in the shortest path. Of course the quality of SF bootcamps vary and I would ...
by Earl Lemongrab
Wed Jan 23, 2019 7:24 pm
Forum: Investing - Theory, News & General
Topic: Do you pay commission reinvesting dividends?
Replies: 8
Views: 747

Re: Do you pay commission reinvesting dividends?

I had my doubts that IB would charge in that case, but it seems like it from their web site. 9. Is the dividend reinvestment subject to a commission charge? Yes, customary commissions are applied for the purchase. Please see website for commission details. https://ibkr.info/article/2730 I'm assuming...
by Earl Lemongrab
Wed Jan 23, 2019 6:56 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 354
Views: 50201

Re: Good Modern Science Fiction

Finishing up Elysium Fire, by Alastair Reynolds. This is a direct sequel to The Prefect. This is a police procedural/thriller set in his Revelation Space universe. This is during the Golden Age of human settlement in the galaxy. The planet Yellowstone has just one habitable location, Chasm City, but...
by Earl Lemongrab
Wed Jan 23, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - quit 6-figure job to do coding school?
Replies: 73
Views: 4357

Re: Need Advice - quit 6-figure job to do coding school?

I'd look into a part-time MSCS. I did that when I was going to change to a software engineering career. I didn't have a degree in CS, but had taken several programming courses at the local Community College and was doing programming as part of my then job. Your company might even pay for it, Megacor...
by Earl Lemongrab
Wed Jan 23, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use my Roth IRA to pay off CC debt
Replies: 29
Views: 1692

Re: Should I use my Roth IRA to pay off CC debt

You can also look into a loan against your 401k if allowed but research all the details. You often have very little time to repay if you leave the company (willingly or otherwise). People need to quit saying this about new loans. The changes in the tax laws greatly extended the required grace perio...
by Earl Lemongrab
Wed Jan 23, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1470
Views: 239675

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

robertmcd wrote:
Wed Jan 23, 2019 10:35 am
Does anyone know if I can transfer VMMXX from vanguard to merill edge? And once it is in merrill edge can I sell it without a commission or not?
Why would that be important? Transfers don't take long. Just use cash.
by Earl Lemongrab
Tue Jan 22, 2019 7:51 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 140
Views: 7674

Re: Grocery shopping strategy

Fun fact: The founders of ALDI are the brothers who also founded Trader Joe's. Both stores operate similarly in two observable ways. One, they do not sell anything that needs to be weighed. This saves the cashier's time and moves the customers through the line faster. Bananas have to be weighed. Al...
by Earl Lemongrab
Tue Jan 22, 2019 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to invest $100k for HSBC premier account?
Replies: 21
Views: 1693

Re: Best way to invest $100k for HSBC premier account?

If a brokerage account works, then just buy some ETFs elsewhere and transfer in or make a one-time buy there (the commission isn't that high).
by Earl Lemongrab
Tue Jan 22, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Sell my condo ?
Replies: 14
Views: 1188

Re: Sell my condo ?

If you had cash, would you buy a rental property right before you moved clear across the country from it?
by Earl Lemongrab
Tue Jan 22, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion and Capital Gains
Replies: 8
Views: 858

Re: Roth Conversion and Capital Gains

You've discovered the "shadow" 27% bracket that I've mentioned before.

How much are you spending? I don't see much reason to have CDs and such in taxable when you have that much in dividends. Qualified dividends should be your first line of spending. Then look at selling stocks with long-term gains.
by Earl Lemongrab
Tue Jan 22, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Survey - Total Cost of Insurance Policies
Replies: 25
Views: 1312

Re: Survey - Total Cost of Insurance Policies

I can see the value of asking about your particular situation, but what does a "survey" of a bunch of people with different situations do for you?
by Earl Lemongrab
Tue Jan 22, 2019 1:50 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1470
Views: 239675

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I started a purchase at TDA for VTSAX. It let me get started and the info didn't say it wasn't available. I don't have adequate cash in the account to get much farther.
by Earl Lemongrab
Mon Jan 21, 2019 8:10 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 116
Views: 10352

Re: Gas station prices and quality

There is no such thing as “top tier” gasoline. It’s pure marketing, and yes those wonderful websites are in on the marketing game. I’ve driven cars into the ground, I’m talking 300k plus miles and never once had an issue using the cheapest gas I could find. I hope you don’t let the dealer/mechanic ...
by Earl Lemongrab
Mon Jan 21, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 140
Views: 7674

Re: Grocery shopping strategy

No one has mentioned this yet, so i will. 95 percent of our shopping is done through Shipt now. We pay a slight premium, a yearly fee, and i tip on each order. However, the fact that i submit a list and get nothing but what is on that list makes so the difference. I save more by not going to the st...
by Earl Lemongrab
Mon Jan 21, 2019 4:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790432

Re: U.S. stocks in free fall

Ok, I will bite, why do people not consider an Emergency Fund invested. I considered mine invested in conservative fixed income assets. Unless it in your mattress your money is likely invested in something. I didn't consider it an investment. I excluded it from my asset allocation spreadsheet. Any ...
by Earl Lemongrab
Mon Jan 21, 2019 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to roll over my old 401k. Which IRA should I choose?
Replies: 14
Views: 777

Re: Looking to roll over my old 401k. Which IRA should I choose?

How much is in the prospective rollover? I always like to get bonuses, so I'd look at one of the available ones. The amount will help to determine the best option.
by Earl Lemongrab
Mon Jan 21, 2019 2:01 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 140
Views: 7674

Re: Grocery shopping strategy

The best way to save on groceries really is to be aware of prices and be flexible in your meal preparations. Last week, the local supermarket had boneless whole pork loin for $1.29/lb. If you can use that for family meals, and freeze some for later, you get a number of good inexpensive meals out it....
by Earl Lemongrab
Mon Jan 21, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 140
Views: 7674

Re: Grocery shopping strategy

Has anyone ever watched those coupon shows where the folks leave the store for pennies with shopping carts? Insane. I don't believe that show has been on for a very long time. Today, with the restrictions that manufacturers have put on the use of their coupons and the new retailer coupon policies, ...
by Earl Lemongrab
Mon Jan 21, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 122
Views: 12981

Re: How much money did you receive from family? (Gifts/inheritance)

Goinganontoday wrote:
Mon Jan 21, 2019 9:34 am
Nothing. I don’t expect anything in the future. I would be amazed if my mother is not in deep debt when she dies and dies with the expectation that I’ll just find a way to fix everything for her.
What would there be to fix? You aren't responsible for her debt.
by Earl Lemongrab
Mon Jan 21, 2019 1:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790432

Re: U.S. stocks in free fall

Houe wrote:
Mon Jan 21, 2019 10:30 am
With the market looking much better who here is thinking of getting back into the market? The crash in December was brutal. Scared many (including me).
If you think that was a crash or brutal, you really need to review history. Or your asset allocation. That was a blip.
by Earl Lemongrab
Mon Jan 21, 2019 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 56
Views: 5552

Re: Does anyone have entire 401K in bonds?

JustinR wrote:
Mon Jan 21, 2019 6:00 am
401k is the most optimal account to place your bonds (tax-wise), so all of your bonds should ideally be there.
Once again, not the question that was asked.
1. Does anyone else have their entire 401k in a bond fund?
by Earl Lemongrab
Sun Jan 20, 2019 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Rollover to 401k when there are Partial Non-Decutible Contributions
Replies: 5
Views: 195

Re: IRA Rollover to 401k when there are Partial Non-Decutible Contributions

Sometimes, a 401(k) will require proof that the rollover IRA has never received any contributions except from a rollover from a qualified plan. They are not required to do that, but they can. The law allows any pretax, including earnings from any source, to be rolled in. It does not require the plan...
by Earl Lemongrab
Sun Jan 20, 2019 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Small Cap Value Tilt and Asset Location?
Replies: 13
Views: 961

Re: Small Cap Value Tilt and Asset Location?

I have a significant tilt to small and value across a few sub-allocations, old-style slice-and-dice. Like Livesoft says, try to get it in tax-advantaged if you can, but don't obsess. I was pretty restricted in the early days because Roth space wasn't that large and was mostly used for REIT. As I was...
by Earl Lemongrab
Sun Jan 20, 2019 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Rollover to 401k when there are Partial Non-Decutible Contributions
Replies: 5
Views: 195

Re: IRA Rollover to 401k when there are Partial Non-Decutible Contributions

According to the law, you are allowed to roll any pretax amounts from a TIRA to qualified plan. However, the plan can have its own restrictions on incoming rollovers. You will need to find out what your plan's rules are. At a minimum, you'll probably have to indicate on the request that the funds ar...
by Earl Lemongrab
Sun Jan 20, 2019 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Bonus and 401K Stable income fund option
Replies: 8
Views: 605

Re: Bonus and 401K Stable income fund option

What would you do if that drop never materialized, and this was the lowest point for stocks in your lifetime?
by Earl Lemongrab
Sun Jan 20, 2019 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Ny 457 plan: bond index fund or stable fund
Replies: 21
Views: 930

Re: Ny 457 plan: bond index fund or stable fund

I've been 50/50 since 2007, without any rebalancing, and the two funds are within 2% of each other. So it hasn't made a ton of difference. That of course is the past.
by Earl Lemongrab
Sun Jan 20, 2019 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help Converting t401k to Roth IRA
Replies: 13
Views: 865

Re: Help Converting t401k to Roth IRA

- Is it best to covert the traditional portion to Roth and then transfer to Fidelity? My limited understanding is not aware of means to convert within 401k from pre-tax to after-tax. Prepare to have your understanding broadened: https://www.irs.gov/retirement-plans/designated-roth-accounts-in-plan-...
by Earl Lemongrab
Sat Jan 19, 2019 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Would You Rather (Conversion vs Mega Backdoor Edition)
Replies: 7
Views: 582

Re: Would You Rather (Conversion vs Mega Backdoor Edition)

changingtimes wrote:
Sat Jan 19, 2019 7:52 pm
Yes, 3% match. (Though isn't the full limit technically $62k since I can do $6k in catch-up contributions?)
Well, the catch-up really just has its own space. I ignored it entirely. I just considered the 19k and 33k numbers.
by Earl Lemongrab
Sat Jan 19, 2019 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Ny 457 plan: bond index fund or stable fund
Replies: 21
Views: 930

Re: Ny 457 plan: bond index fund or stable fund

Will, do you see any reason for me to change from the bond fund to the stable fund? I like keeping things simple but I noticed the stable fund return was 2% better. I'm looking to keep things simple and not make many changes long term. You mean over the short term. Bonds took a bit of hit, and most...
by Earl Lemongrab
Sat Jan 19, 2019 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Ny 457 plan: bond index fund or stable fund
Replies: 21
Views: 930

Re: Ny 457 plan: bond index fund or stable fund

That fund is a stable income fund, not a stable value fund. Big difference. A stable income fund is basically just a bond fund that generally has a short duration. That doesn't seem to correlate with the fund sheet you posted: The Stable Income Fund (the "Fund") is a plan investment option that see...
by Earl Lemongrab
Sat Jan 19, 2019 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Would You Rather (Conversion vs Mega Backdoor Edition)
Replies: 7
Views: 582

Re: Would You Rather (Conversion vs Mega Backdoor Edition)

Extra Roth now would be my vote. You might have a better opportunity in the future for conversions.

One thing, you didn't mention any employer contributions. The 415c limit for 2019 is 56k, and your outline has about 52k in contributions. Is the extra 4k for employer?
by Earl Lemongrab
Sat Jan 19, 2019 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Ny 457 plan: bond index fund or stable fund
Replies: 21
Views: 930

Re: Ny 457 plan: bond index fund or stable fund

What are the actual numbers? I know some NY plans have outsized guaranteed rates on stable-value. I have my fixed split between bond index and SV, but that's a relatively modest rate fund.
by Earl Lemongrab
Sat Jan 19, 2019 2:29 pm
Forum: Investing - Theory, News & General
Topic: What active management stock funds would you own?
Replies: 85
Views: 5805

Re: What active management stock funds would you own?

Stock funds? None. I do have the stable-value fund in my 401(k).
by Earl Lemongrab
Sat Jan 19, 2019 2:26 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing portfolio using "bands"?
Replies: 13
Views: 635

Re: Rebalancing portfolio using "bands"?

I have been using the 5/25 ranges since I developed my portfolio in 2007. Other than that kerfuffle in 2008-2009 I haven't need to do any "rebalancing" in the form of sell something and buy something else. My new contributions have been enough to keep sub-allocations within the ranges by directing n...
by Earl Lemongrab
Sat Jan 19, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2299
Views: 400228

Re: What are you up YTD? [Year To Date]

J G Bankerton wrote:
Sat Jan 19, 2019 1:47 pm
TheTimeLord wrote:
Sat Jan 19, 2019 12:31 pm
S&P 500 up 6.54% for the year, I am up far less than that.
Fees and cash holdings eat into returns.
US large stocks have outperformed international slightly and bonds significantly. That's going to be your difference for the most part.
by Earl Lemongrab
Sat Jan 19, 2019 1:47 pm
Forum: Investing - Theory, News & General
Topic: International Allocation and Siamond's "Investing in the World" Series
Replies: 42
Views: 2656

Re: International Allocation and Siamond's "Investing in the World" Series

Oh. I thought it said, "Investing in the World Series". So, nothing to do with baseball.
by Earl Lemongrab
Sat Jan 19, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 122
Views: 12981

Re: How much money did you receive from family? (Gifts/inheritance)

$0 as of time of this post. However, I had a chance to help my father (mid 70's) go over his retirement accounts this past year, upon his request. The large sum of money and accompanied trust surprisingly left my very uneasy. I can't explain it. After 25 years of planning and grinding for a healthy...
by Earl Lemongrab
Sat Jan 19, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab to Vanguard ?
Replies: 44
Views: 3118

Re: Schwab to Vanguard ?

Doesn't Vanguard have commissions on individual stocks? I wouldn't sell them there if so. Depends on how much you have there. At different asset levels you get some free trades. Easily could be more than 16. Better tax efficiency could add up to more money than the commissions even if you did have ...
by Earl Lemongrab
Sat Jan 19, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another Solo 401k vs SEP question
Replies: 22
Views: 1138

Re: Yet another Solo 401k vs SEP question

It doesn't really matter about Roth contributions. As you're maxing your pretax in a work plan, there is no room left for employee contributions. Employer contributions must be pretax, not Roth. I don't know if any off-the-shelf i401(k)s have Roth accounts and in--plan conversion. The employer preta...
by Earl Lemongrab
Sat Jan 19, 2019 12:44 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1470
Views: 239675

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Partial. I usually do that, and always at TDA because they immediately close the account and block access to documents on a full transfer. In this case the 200k from each was significantly less than the total. Is it possible to get another TDA bonus with an existing account, or does everything have...
by Earl Lemongrab
Fri Jan 18, 2019 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: overcontributed 401k
Replies: 14
Views: 740

Re: overcontributed 401k

Every plan will have its own set of rules. At Megacorp, they would switch to after-tax when the deferral limit was reached. They would also match after-tax, so there was no concern about losing matching. There was a limit of salary that you could contribute, 30% the last few years I was working. So ...
by Earl Lemongrab
Fri Jan 18, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 49
Views: 1685

Re: [Wash sale concern - Are these stocks substantially identical?]

Vanguard refers to these as the "same fund" and the IRS do not consider such an exchange of share classes in the same fund to be a taxable event. Kind of hard to tax-loss harvest a non-taxable event - at least in the fund to ETF direction which Vanguard allows. That's only for conversion. Nothing w...
by Earl Lemongrab
Fri Jan 18, 2019 4:33 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1470
Views: 239675

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Damn...looks like the $1000 Merrill Edge offer expired https://www.merrilledge.com/offers/1000offer So these are the ones still active? $900 - https://www.merrilledge.com/offers/900offer $600 - https://www.merrilledge.com/cmaoffer Look for the expiry date. it's April 30th for the $900 offer. Not su...
by Earl Lemongrab
Fri Jan 18, 2019 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Differences in Investment Approach
Replies: 46
Views: 1584

Re: Differences in Investment Approach

dbr wrote:
Fri Jan 18, 2019 2:48 pm
Earl Lemongrab wrote:
Fri Jan 18, 2019 2:47 pm
Wash sales. Especially "wash sales in 401(k), yes or no?"
Right, and more specifically "Are these two investments substantially identical?"
That's because there's little real information, so everyone has an opinion. And you know what "they" say about those.
by Earl Lemongrab
Fri Jan 18, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 38
Views: 4368

Re: Amazon Rewards Visa -- predatory lending?

That was unnecessary and missing out on some of the benefit of credit cards. I have alerts set up for payment due, then I go and check the transactions. After that I pay the statement amount. What benefit would I be missing out on? :confused The Float. You're paying some of that 30 days early, so y...
by Earl Lemongrab
Fri Jan 18, 2019 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Differences in Investment Approach
Replies: 46
Views: 1584

Re: Differences in Investment Approach

Wash sales. Especially "wash sales in 401(k), yes or no?"