Search found 5400 matches

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: 8
Views: 306

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: 35
Views: 3563

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: 137
Views: 15069

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: 19
Views: 1136

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: 1242
Views: 214190

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: 1518

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: 19
Views: 1136

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: 1285

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: 619

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: 32857

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: 655

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: 5741

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: 32857

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: 73
Views: 3469

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: 5741

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: 5573

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: 5573

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: 588

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: 5741

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: 9535

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: 5573

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: 2609

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: 3746

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: 5631

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: 5021

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: 1242
Views: 214190

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: 3746

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: 8144

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: 5573

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: 965

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: 8144

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: 2090

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: 5631

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: 8144

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: 3746

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: 640

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: 3746

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 ...
by Earl Lemongrab
Sat Oct 13, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 51
Views: 9868

Re: Don't pay full price for SiriusXM radio

^^^Even my missus, who is by her own admission no audiophile, says that the Spotify music via bluetooth is much better sounding than SiriusXM. BTW, for those of you who may wish to save money (over Spotify) and have less demanding needs or tastes, Amazon Music or Prime Music can accomplish the same...
by Earl Lemongrab
Sat Oct 13, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: TLH VTIAX [Tax loss harvest - Vanguard Total International Stock]
Replies: 65
Views: 3746

Re: TLH VTIAX

MathIsMyWayr wrote:
Sat Oct 13, 2018 12:25 am
Earl Lemongrab wrote:
Fri Oct 12, 2018 11:53 pm
401(k) holdings are not subject to wash sales.
I remember reading to the contrary.
When you find something in an IRS publication, let me know.
by Earl Lemongrab
Fri Oct 12, 2018 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: TLH VTIAX [Tax loss harvest - Vanguard Total International Stock]
Replies: 65
Views: 3746

Re: TLH VTIAX

401(k) holdings are not subject to wash sales.
by Earl Lemongrab
Fri Oct 12, 2018 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: rollover or transfer from Fidelity 401k?
Replies: 8
Views: 405

Re: rollover or transfer from Fidelity 401k?

You certainly want to split any after-tax (non-Roth) out to a Roth IRA if the plans allow. It makes things much easier to just roll those straight into a Roth IRA.
by Earl Lemongrab
Fri Oct 12, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7375
Views: 1547512

Re: U.S. stocks in freefall

I guess I don't see the big deal either. I mean, the price of the S&P 500 is about where it was in early July. People weren't excitedly buying stocks then.
by Earl Lemongrab
Fri Oct 12, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to company that allows Mega Backdoor Roth Conversion - Any prep needed?
Replies: 14
Views: 956

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

Then, once per year or once per quarter, you transfer that money to your regular traditional IRA. Then you transfer the money from the traditional IRA to your existing Roth account. DON'T follow this advice. At best it's needless work. At worst you end up pro-rata problems if you have existing TIRA...
by Earl Lemongrab
Fri Oct 12, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth if income is in phase out range
Replies: 13
Views: 646

Re: Backdoor Roth if income is in phase out range

stocknoob4111 wrote:
Fri Oct 12, 2018 3:23 pm
is one able to capture short term losses from a non deductible tIRA that is being converted to a Roth?
There are no capital gains or losses in IRAs. At one time, if you took complete distribution of a Roth and there were losses you could take them as a deduction of some sort. That went away.
by Earl Lemongrab
Fri Oct 12, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contri's vs Trad 401k vs Roth 401k
Replies: 23
Views: 862

Re: After Tax 401k Contri's vs Trad 401k vs Roth 401k

So for those of you that are allowed to do the after-tax contri's - is this explicitly called out in your plan materials or just a hidden fact that you have to ask about? Megacorp had it described in the Summary Plan Description, plus the various menus in the web pages would list it as an option wh...
by Earl Lemongrab
Fri Oct 12, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: rollover or transfer from Fidelity 401k?
Replies: 8
Views: 405

Re: rollover or transfer from Fidelity 401k?

If you have an active 401(k) at Vanguard, you might be able to roll these into it. Unless it's a solo plan.

Otherwise you can roll them (not convert) to a traditional IRA in a tax-free manner.
by Earl Lemongrab
Fri Oct 12, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth if income is in phase out range
Replies: 13
Views: 646

Re: Backdoor Roth if income is in phase out range

There is no such thing as a backdoor Roth. It's just a shorthand for two separate things, a TIRA contribution and a conversion to Roth. There are no special rules for it.

It's probably easiest to do the entire thing as a backdoor.
by Earl Lemongrab
Fri Oct 12, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to company that allows Mega Backdoor Roth Conversion - Any prep needed?
Replies: 14
Views: 956

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

Then, once per year or once per quarter, you transfer that money to your regular traditional IRA. Then you transfer the money from the traditional IRA to your existing Roth account. DON'T follow this advice. At best it's needless work. At worst you end up pro-rata problems if you have existing TIRA...
by Earl Lemongrab
Fri Oct 12, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to company that allows Mega Backdoor Roth Conversion - Any prep needed?
Replies: 14
Views: 956

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

Generally you don't have the plan create an IRA. I doubt most would anyway. You can have as many Roth accounts as you want, but most people just roll into an existing one. Any after-tax rollover will bring a share of pretax earnings (if any) along. Some plans will split the rollover so you could rol...
by Earl Lemongrab
Fri Oct 12, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7375
Views: 1547512

Re: U.S. stocks in freefall

I didn't see it coming, but I never do. My first real portfolio was established in fall of 2007. That's why a core principle of my plan is that I have NO talent for market-timing. So I don't have to worry about trying to see the future.