Search found 5413 matches

by Earl Lemongrab
Thu Oct 18, 2018 6:38 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3343
Views: 1004055

Re: What Book Are You Currently Reading? Part VI

The Invisible Library by Genevieve Cogman. More information here:

viewtopic.php?f=11&t=146455&start=300#p4172014
by Earl Lemongrab
Thu Oct 18, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: What the heck to do with $2M windfall
Replies: 15
Views: 2411

Re: What the heck to do with $2M windfall

There's no real difference between having the money for a short time or a long one, other than psychology. What you need to do now is figure out your plan going forward. If the idea is to invest in a diversified portfolio, then you do just like anyone else and figure out the asset allocation. Then y...
by Earl Lemongrab
Thu Oct 18, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Mechanics
Replies: 23
Views: 2659

Re: Mega Backdoor Roth Mechanics

So I pay no taxes when it goes from "after tax" portion of my 401k into my tIRA. But then I would pay taxes on those earnings when they go from my tIRA into my Roth correct? So I see why you are saying just pass directly to Roth from the "after tax" 401k. OR I could then tx the tIRA earnings (from ...
by Earl Lemongrab
Thu Oct 18, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: What do index funds do when firm's market cap drops?
Replies: 17
Views: 1253

Re: What do index funds do when firm's market cap drops?

abc132 wrote:
Thu Oct 18, 2018 1:15 am
If a company pays dividends, and those dividends must be reinvested in weighted portfolio, would the top performers receive a benefit from the dividend payers?
Dividends are not reinvested in typical mutual funds or ETFs. They are distributed to the shareholders.
by Earl Lemongrab
Thu Oct 18, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 78
Views: 5412

Re: Where would you go for financial guidance if you win the Megamillions?

Before you cash the ticket, security and the best tax attorney you can find should be retained. I'd get a top-notch large security firm and 24-hour bodyguards. There is no reason for you to ever be bothered by shirt-tale relations or sob stories. You can set up a charitable foundation and have all o...
by Earl Lemongrab
Thu Oct 18, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Mechanics
Replies: 23
Views: 2659

Re: Mega Backdoor Roth Mechanics

Roll earnings into my tIRA (paying taxes on that) - fund that up to 6500 from other accounts - then backdoor that into my Roth IRA. If you're going to pay taxes (and you wouldn't pay tax when it goes into the TIRA) on it anyway due to regular backdoor, might as well roll the entire distribution int...
by Earl Lemongrab
Thu Oct 18, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Masters Degree Advice
Replies: 24
Views: 2130

Re: Masters Degree Advice

With many companies, getting a Master's while you work there won't get you as much as when you have one and get the job. However, it's also the case that many will take back the tuition reimbursement if you leave within a certain period. So moving to another company might make sense, but you'll need...
by Earl Lemongrab
Thu Oct 18, 2018 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to company that allows Mega Backdoor Roth Conversion - Any prep needed?
Replies: 19
Views: 1288

Re: Moving to company that allows Mega Backdoor Roth Conversion - Any prep needed?

#7...for some reason, I thought that didn’t apply. Maybe a mega is not really a conversion, but rather a transfer. ? I will want to double check it. Or maybe I didn’t care about it because I could never do it until my next job. Ha ha Well if you have gains on aftertax contributions, it is difficult...
by Earl Lemongrab
Thu Oct 18, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 321
Views: 45109

Re: Good Modern Science Fiction

Becky Chambers has an excellent series (Wayfarers) which starts with "The Long Way to a Small, Angry Planet" It's unusual in that the three books are not sequels but are very different books that happen to be set in the same (very fascinating) future. I was highly disappointed in books #2 and #3 be...
by Earl Lemongrab
Thu Oct 18, 2018 12:11 pm
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 321
Views: 45109

Re: Good Modern Science Fiction

I started The Invisible Library by Genevieve Cogman, the first of a series. I don't normally read fantasy, but this was highly recommended on the rec.arts.sf.written usenet group. It's a library e-book, so little cost to me. This is a multiverse setting. The alternate worlds have various levels of t...
by Earl Lemongrab
Thu Oct 18, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Mechanics
Replies: 23
Views: 2659

Re: Mega Backdoor Roth Mechanics

krafty81 wrote:
Thu Oct 18, 2018 9:26 am
Thanks for the info...another basic question, this obviously allows you to put more that 6500 into your Roth per year, right?
It has no relationship to your Roth contribution. This is a 401(k) contribution and a rollover to IRA. There is no limit on the latter.
by Earl Lemongrab
Wed Oct 17, 2018 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a benefit of investing in Traditional IRA if company provides 401K
Replies: 15
Views: 1063

Re: Is there a benefit of investing in Traditional IRA if company provides 401K

When younconvert the $5500, is that added to your gross income and you pay 24% (if in that marginal bracket) of the $5500 to the govt the year youbconvert the $5500 to a Roth? On the bigleheads wiki it says “since it was only in the account a minimal time, the taxes should be negligible” but in my ...
by Earl Lemongrab
Wed Oct 17, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Mechanics
Replies: 23
Views: 2659

Re: Mega Backdoor Roth Mechanics

I have been researching this. According to my company (Vanguard Plan), I can only tx after tax funds out of my 401k once per year. So, if I fund it all year, it is going to make money, then I owe taxes on those earnings if I want to tx the whole "after tax" contribution amount into a Roth. So reall...
by Earl Lemongrab
Wed Oct 17, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a benefit of investing in Traditional IRA if company provides 401K
Replies: 15
Views: 1063

Re: Is there a benefit of investing in Traditional IRA if company provides 401K

You wouldn't be able to deduct a TIRA contribution. However, if you have no other IRAs with pretax amounts, you can use the backdoor Roth method, by making a non-deductible contribution and immediately converting to a Roth IRA.
by Earl Lemongrab
Wed Oct 17, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: Jury duty - already booked vacation
Replies: 45
Views: 4606

Re: Jury duty - already booked vacation

I had my first jury summons when I was 60. Unfortunately, it was the last day of working at Megacorp, which wasn't good at all. However, they allowed one automatic postponement, for which you could select a replacement week (although they didn't guarantee it). I chose a week with nothing scheduled a...
by Earl Lemongrab
Wed Oct 17, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 143
Views: 15748

Re: Fidelity Full View transition to eMoney

I have been kind of ignoring that for the time being. How is the transition doing? Are things settling down finally? I used Full View reports to feed my asset allocation worksheet, so when things are finalized I will need to look at the situation again.
by Earl Lemongrab
Tue Oct 16, 2018 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer VTSAX & VTIAX to Chase You Invest?
Replies: 24
Views: 1648

Re: Transfer VTSAX & VTIAX to Chase You Invest?

Seriously? You would go to the trouble of moving a $75,000 portfolio to Chase for a mere 60,000 Ultimate Rewards points? I don't consider that to be much of a deal. Chase offers 60,000 UR points (and occasionally more) just to open a new credit card. My advice would be to leave your portfolio where...
by Earl Lemongrab
Tue Oct 16, 2018 7:56 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1244
Views: 214635

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

You're better off transferring ETFs to Edge. You'll get free trades to start and probably qualify for Preferred Rewards to get more.
by Earl Lemongrab
Tue Oct 16, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting: Long term vs. short term losses.
Replies: 15
Views: 1558

Re: Tax loss harvesting: Long term vs. short term losses.

I wouldn't go that far. The IRS has specifically stated that it applies to IRAs, but didn't say that the rule doesn't apply to employer-sponsored accounts that aren't IRAs. It is hardly established conclusively that 401k etc. purchases are definitely not wash sale bait as you imply, and given the p...
by Earl Lemongrab
Tue Oct 16, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer VTSAX & VTIAX to Chase You Invest?
Replies: 24
Views: 1648

Re: Transfer VTSAX & VTIAX to Chase You Invest?

That's a question for Chase. Some custodians will allow you to transfer Admiral index funds in, and even reinvest, but not buy new shares otherwise.
by Earl Lemongrab
Mon Oct 15, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: First time TLH Questions, constrained by spouse's work
Replies: 17
Views: 1323

Re: First time TLH Questions, constrained by spouse's work

How much commission would there be on those Vanguard ETFs? You might ping the custodian to see they'll give you some free trades to accomplish this. As far as wash sales, no one knows. The custodians are required to report exact washes (same CUSIP) in the same account. As far as different funds, the...
by Earl Lemongrab
Mon Oct 15, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Complete newbie here! Would like help determining Roth vs Traditional IRA...
Replies: 11
Views: 637

Re: Complete newbie here! Would like help determining Roth vs Traditional IRA...

Not nearly enough information. Do you either or both of you have 401(k) or similar plans? That can have a huge impact on whether you can deduct Traditional IRA contributions.
by Earl Lemongrab
Mon Oct 15, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32962

Re: free dinner investing seminar

I eat the free samples of Gooey Butter Cake at the supermarket even though I'm not going to buy[*] it. I don't feel guilty.

* It's not good for me, but if I did want one I'd bake it myself.
by Earl Lemongrab
Mon Oct 15, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Collective Investment Trust choice in 401k
Replies: 17
Views: 665

Re: Collective Investment Trust choice in 401k

Megacorp uses mostly CITs, some index. They have a page on the web site that shows the performance for all of them: one month, YTD, one year, three years, and five years. All I have to do is compare that with the total return for an equivalent index fund. The performance should be nearly identical. ...
by Earl Lemongrab
Mon Oct 15, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5790

Re: When to stop putting money into an older vehicle

delamer wrote:
Sun Oct 14, 2018 1:55 pm
First, I would not drive a 15 year old vehicle. There have been too many safety improvements in the intervening years.
Whew! Glad you didn't tell me when the Bronco was 15 years old. Now it's 23, so I don't need to worry.
by Earl Lemongrab
Mon Oct 15, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 32962

Re: free dinner investing seminar

Scrapr wrote:
Mon Oct 15, 2018 12:47 pm
de minimis. Should be declared if >$600/yr.
That's not accurate. The $600 figure is the 1099 reporting requirement. Note that some will report even if the amount is under that, especially if they have to issue a 1099 anyway.
by Earl Lemongrab
Mon Oct 15, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 3882

Re: How Much Is Your Sewer Bill?

I'm not sure what the point of the thread is. If it's flat rate, then there's no methods to cut down on it. You have to pay. If you don't understand the bill or think it's in error, ask them.
by Earl Lemongrab
Mon Oct 15, 2018 12:13 am
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5790

Re: When to stop putting money into an older vehicle

My dream car is the Land Cruiser. I see some 20 year old Land Cruisers for $20,000. Maybe in a few years, I will get a new one for around $80,000 and drive it for 20 years. Evidently, they must be really solid vehicles. I have a buddy with two. One is pretty old, early 90s. It's pretty solid BUT pa...
by Earl Lemongrab
Mon Oct 15, 2018 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5627

Re: Have you annuitized some of your money?

The base rates they are using for annuities these days are so low that I wouldn't worry too much about insolvency. Some other company will take it over. They issued annuities at much higher payouts years ago, but there haven't been many problems with those. Can I infer from this that annuities are ...
by Earl Lemongrab
Sun Oct 14, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5627

Re: Have you annuitized some of your money?

The base rates they are using for annuities these days are so low that I wouldn't worry too much about insolvency. Some other company will take it over. They issued annuities at much higher payouts years ago, but there haven't been many problems with those. Can I infer from this that annuities are ...
by Earl Lemongrab
Sun Oct 14, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Health Insurance Strategy using Mega Back Door Roth IRA
Replies: 4
Views: 599

Re: Early Retirement Health Insurance Strategy using Mega Back Door Roth IRA

There are tradeoffs. You pay taxes now on the money you backdoor into Roth but you'll be able to keep your MAGI low for ACA subsidies or low Medicare premium while still maintaing a reasonable lifestyle in retirement. There's a limit to how much you can defer, so the OP will pay tax on this money r...
by Earl Lemongrab
Sun Oct 14, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5790

Re: When to stop putting money into an older vehicle

I had the old Bronco into the shop the other day. I had a little list of things that "weren't right". I've had it a long time and am in tune with its moods. As I suspected, the front end situation was more serious than alignment needed. Upper and lower ball-joints. That'll be about $900. Ah well. I'...
by Earl Lemongrab
Sun Oct 14, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing?
Replies: 103
Views: 9574

Re: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing

I had considered software contracting or freelance development. When I retired, I found I had no real interest in that. My portfolio is sufficient that I don't think that will necessary. I'm considering a few "for fun" software projects.
by Earl Lemongrab
Sun Oct 14, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5627

Re: Have you annuitized some of your money?

The base rates they are using for annuities these days are so low that I wouldn't worry too much about insolvency. Some other company will take it over. They issued annuities at much higher payouts years ago, but there haven't been many problems with those.
by Earl Lemongrab
Sun Oct 14, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Making Winter Camping more comfortable
Replies: 39
Views: 2620

Re: Making Winter Camping more comfortable

When I was a youngster (college and early days at Megacorp) I liked the winter camping at various state parks in the region. However, I preferred fairly minimal support. I would bring: Ax Hatchet Bow saw Folding knife Tarp Ground cloth Hank of rope Ball of string Sleeping bag Pillow 2 wool blankets ...
by Earl Lemongrab
Sun Oct 14, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: TLH VTIAX [Tax loss harvest - Vanguard Total International Stock]
Replies: 65
Views: 3765

Re: TLH VTIAX [Tax loss harvest - Vanguard Total International Stock]

You can glean what you want from a memo. That is NOT an IRS publication or regulation. The sensible thing is to abide by the laws and regulations as written , not as you invent. Which is what you are doing. If you take that memo very literally, just picking some other broad US index is not likely to...
by Earl Lemongrab
Sun Oct 14, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5654

Re: Who worries about a bear market in stocks?

The problem is that the game doesn't end until you do, and the rules change all of the time. You might be able to roll through retirement with a sustainable 4% but things can happen. For me, as I don't have LTC insurance, extensive stays in skilled care of one sort or another is possible. In that ca...
by Earl Lemongrab
Sun Oct 14, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Will rising inflation increase 401K and Roth contribution limits for 2019?
Replies: 17
Views: 5105

Re: Will rising inflation increase 401K and Roth contribution limits for 2019?

The September CPI was released October 11th. It is locked in and the compensation limit will be $280K, the 415c limit $56K and the 402g limit $19K. The IRS just hasn't released the official numbers. I would expect them this coming week Yea. My match goes to 16.8k and contribution to 19k for total o...
by Earl Lemongrab
Sun Oct 14, 2018 11:11 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1244
Views: 214635

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

michaeljc70 wrote:
Sun Oct 14, 2018 10:46 am
One thing to note is there is a $125 termination/transfer out fee so take that off the bonus if you don't plan on staying at PNC.
Or leave $5 if they support that low of a balance. Or you can move it somewhere that will cover the fee.
by Earl Lemongrab
Sat Oct 13, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: TLH VTIAX [Tax loss harvest - Vanguard Total International Stock]
Replies: 65
Views: 3765

Re: TLH VTIAX

The "purpose of the wash sales provisions is to prevent tax manipulation by a taxpayer who attempts to recognize a loss on the sale of 'securities' while maintaining an identical or nearly identical investment position." — I.R.S. Gen. Couns. Mem. 38,369 (May 9, 1980) So? In that case you'd better s...
by Earl Lemongrab
Sat Oct 13, 2018 1:43 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 95
Views: 8245

Re: When will you backup the truck on stocks

michaeljc70 wrote:
Sat Oct 13, 2018 1:26 pm
We agree. The "but" wasn't clear but I was referring to " although one could sell a bunch of fixed-income to buy" if that would be outside your IPS.
Oh. I was just pointing out that you didn't have to have cash to buy a bunch of stocks. You could exchange other forms of fixed income.
by Earl Lemongrab
Sat Oct 13, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5627

Re: Have you annuitized some of your money?

In essence I did. When I retired from Megacorp in January, I could take the pension as a lump sum or annuity. I chose the latter. That gives me 40k before tax per year (non-COLA). Right now, that covers my spending. Inflation will erode that over time, but then SS will come into play, plus the inves...
by Earl Lemongrab
Sat Oct 13, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Was in process of Roth conversion when market corrected
Replies: 6
Views: 974

Re: Was in process of Roth conversion when market corrected

If you're really worried about being in cash during the transfer, then just make some temporary adjustments in the TSP. Convert an equivalent sum of fixed income to stocks for the duration. When the rollover completes, readjust as needed.
by Earl Lemongrab
Sat Oct 13, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 95
Views: 8245

Re: When will you backup the truck on stocks

I don't have cash sitting around (other than EF), so I won't be backing up the truck or even a wheelbarrow. I don't leave cash sitting around just waiting for the market to drop. I don't either, although one could sell a bunch of fixed-income to buy. However, as I mentioned in another thread, all t...
by Earl Lemongrab
Sat Oct 13, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: Does anyone consider institutional risk?
Replies: 37
Views: 2123

Re: Does anyone consider institutional risk?

Multiple accounts actually increases the risk that something will happen your assets. It does reduce the risk of something happening to all of your assets.

But no, I don't spend any time worrying about that. I have accounts at multiple custodians for different reasons.
by Earl Lemongrab
Sat Oct 13, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5654

Re: Who worries about a bear market in stocks?

Sorry for those who haven't heard Bill Bernstein's advice "If you've won the game, then stop playing." Translated: if you've saved enough to support a reasonable lifestyle, then get out of stocks and eliminate that risk. I'm not sure that's what Bernstein meant. If so, then I strongly disagree with...
by Earl Lemongrab
Sat Oct 13, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 95
Views: 8245

Re: When will you backup the truck on stocks

I don't have cash sitting around (other than EF), so I won't be backing up the truck or even a wheelbarrow. I don't leave cash sitting around just waiting for the market to drop. I don't either, although one could sell a bunch of fixed-income to buy. However, as I mentioned in another thread, all t...
by Earl Lemongrab
Sat Oct 13, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: TLH VTIAX [Tax loss harvest - Vanguard Total International Stock]
Replies: 65
Views: 3765

Re: TLH VTIAX

Thanks for sharing your reasoning. The argument has merit, though I still think it goes against the intent of the wash sale rule. Just as index funds did not exist when the wash sale rule was written (and so the term "substantially identical" was not nearly as fraught with ambiguity as it is now), ...
by Earl Lemongrab
Sat Oct 13, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: 401k/IRA vs. Roth IRA
Replies: 9
Views: 646

Re: 401k/IRA vs. Roth IRA

Any recommendations will (or should be) tailored to the individual. In my case, all of my fixed income is in the 401(k). There's no reason for me to hold bonds in the Roth, as the 401(k) has good choices in that area. I have a bond index fund with a .05% ER, and a stable-value fund. So I split my FI...
by Earl Lemongrab
Sat Oct 13, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: TLH VTIAX [Tax loss harvest - Vanguard Total International Stock]
Replies: 65
Views: 3765

Re: TLH VTIAX

Well, not considering 401k accounts when assessing wash sale transactions would certainly violate the spirit of the law, if not the letter. The letter of the law could be expanded at any time to explicitly include 401ks, as it was (in 2008?) when IRAs were included. That makes little sense. As you ...