Search found 220 matches

by schrute
Sun Sep 09, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum into index fund, or ETF, versus dividend fund or stock
Replies: 5
Views: 443

Re: Lump sum into index fund, or ETF, versus dividend fund or stock

To answer your other questions: 1. No, withdrawal strategies are hotly debated but in general a naive approach of withdrawing a constant 4% is almost never an optimal approach. 2. “Balancing” into a bond fund is exactly the opposite of what you want to do in a downturn. The ideal thing you would do...
by schrute
Sun Sep 09, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum into index fund, or ETF, versus dividend fund or stock
Replies: 5
Views: 443

Re: Lump sum into index fund, or ETF, versus dividend fund or stock

There's a perennial argument about whether there is any advantage at all to using a dividend stock fund and living off the dividends, or just using a total market index fund and setting up automatic withdrawals (which would come partly out of dividends and partly out of capital appreciation). I don...
by schrute
Sat Sep 08, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum into index fund, or ETF, versus dividend fund or stock
Replies: 5
Views: 443

Lump sum into index fund, or ETF, versus dividend fund or stock

I have around $500K cash that I want to grow and eventually live off of in the future. My thought was to let it sit in an index fund or ETF for several years and either liquidate and buy into some dividend stocks or funds (ETF/CEF) and receive a monthly/quarterly dividend. I think the longer term (2...
by schrute
Sat Aug 25, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: 100% in Tech index funds or ETFs?
Replies: 10
Views: 826

100% in Tech index funds or ETFs?

I have some cash that's 100% in a materials stock that looking to sell soon. I had thought about putting 100% into a tech ETF or mutual fund (i.e. VITAX, VGT, FDN) for a few years. I'm fine with taking extra risk here. Or is this buying too much at the top of the bubble?
by schrute
Thu Aug 23, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 21626

Re: Decent compensation to move to Bay Area CA?

I have a family of 4 and we live in Charlotte area. I make ~ $140k annually (can sacrifice my work life balance and make ~160k) as an IT guy (I'm a kind of tech lead \ architect). We live in a $320k 2400 sq ft 4bd house and are able to save few buck into taxable account (401k maxing out as well). I...
by schrute
Mon Aug 13, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Small business owner, mid 30s, doing great, clueless with investments
Replies: 22
Views: 2125

Re: Small business owner, mid 30s, doing great, clueless with investments

Married, two young kids, mid 30s. I am clueless with investments and get paralysis from overanalysis. I watch the broad market daily but have extremely limited knowledge. I own a small home remodeling company that has been growing well the last several years. Annual revenues were $1.89mm last year ...
by schrute
Sat Aug 11, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 92
Views: 9526

Re: Can we afford to stay in HCOL area?

Your child budget feels low to me - though I'm in NY and have just 1 child aged 4, between nanny, school (just pre-school) and activities we're more like $80k/year. Daycare just isn't available in our area and with both parents in careers you need a much higher level of nanny, OT availability etc t...
by schrute
Fri Aug 10, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 38
Views: 8193

Re: Portfolio Review, Age 31, $1.5 million net worth

book lover wrote:
Thu Aug 09, 2018 9:12 am
Definitely get the umbrella insurance, we have coverage through State Farm and have had it for twenty eight years.
How much is it annually and what does it protect you against?
by schrute
Wed Aug 08, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 38
Views: 8193

Re: Portfolio Review, Age 31, $1.5 million net worth

Personal Info Emergency funds: 1 year Debt: None Tax filing status: Single Marginal tax Rate: 35% federal, 10.3% or 11.3% state. I did pay AMT last year. State of Residence: California Age: 31 Desired asset allocation: 16% bonds 25% foreign stocks 42% large cap 11% medium cap 6% small cap I haven't...
by schrute
Wed Aug 01, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Why I left Wealthfront
Replies: 40
Views: 11362

Re: Why I left Wealthfront

Last week, we made the difficult decision to pull all of our money out of Wealthfront and transfer it to Vanguard (after being Wealthfront customers since 2013). Part of it was nasrullah's post about the stock-level lock-in . Part of it was the sudden introduction of Risk Parity (and an 8 bps incre...
by schrute
Wed Aug 01, 2018 12:09 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 362
Views: 46861

Re: MoviePass-Too good to be true, but it's legit.

This actually makes me pretty sad... The wife and kids loved going to the movies on a regular basis and I loved not breaking the bank over crazy concession prices, the kids loved movie-time with us. Adult tickets here run $15-$20 a pop. Oh well, I guess it's back to Redbox and Netflix. :-( Perhaps ...
by schrute
Sat Jul 21, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Hedging Tech Salaries titled heavily in stocks
Replies: 9
Views: 1029

Re: Hedging Tech Salaries titled heavily in stocks

Hi all, My spouse works for a FAANG firm (I used to but now going to join another large tech firm). At the current valuations, for the next four years we would get around atleast $2.5mil+ in stocks (excluding any future refreshers). Our compensation is quite heavily tilted in stocks (base salaries ...
by schrute
Sun Jul 15, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1820

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

I called the IRS, one thing they mentioned for 8606 in line 6, I need to put the balance of all my IRAs. Well, I only have a Roth IRA and I have a balance before 2016, let's say it's $40,000. He mentioned I needed to do that to satisfy this form going out. That line says only traditional and SEP, n...
by schrute
Thu Jul 12, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1820

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Ah, thanks for the response here! The form CP2000 has some income I earned (from AdSense on a 1099) which I didn't record, it was small and I don't contest that part. Is it possible to contest in part and accept in part the tax due? I think so, by saying in your response that you agree with X and d...
by schrute
Sun Jul 08, 2018 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Affording a $1.8-2M house
Replies: 54
Views: 9500

Re: Affording a $1.8-2M house

It sounds like your annual expenses are $90-$120K without mortgage and taking into account 529s. With mortgage (guessing on your 900K house), it's probably closer to $120-$150K and with The 529s it's $140-$170K annually. Does that sound about right? Truthfully, it sounds like you have enough for a d...
by schrute
Sun Jul 08, 2018 12:31 am
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 15085

Re: How to "retire" in your 30's article

A friend of mine got laid off with a severance. He's says he's "retired with an option to return to the workforce". Another friend says when he's on vacation I say that I'm taking a "2 week, temporary retirement". To me, retirement means you're no longer actively working.
by schrute
Sat Jul 07, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor for a Little Bit/One Quarter
Replies: 7
Views: 897

Re: Financial Advisor for a Little Bit/One Quarter

what are you looking for exactly that wasn't answered here: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=248192&p=3982938#p3982938 Have you sold the single stock yet or not? Is the single stock the entire $500,000? Account is worth about $500,000 right now in a taxable brokerage account. It...
by schrute
Sat Jul 07, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Tech tilt as hedge against rising cost of living in Bay Area
Replies: 37
Views: 3006

Re: Tech tilt as hedge against rising cost of living in Bay Area

Lets say someone is planning to live and retire in Bay Area. The cost of living here is skyrocketing and it seems to be correlated with tech stock performance. It is quite common for engineers to earn about half of their seemingly always rising compensation as RSUs. So the better the tech is doing,...
by schrute
Sat Jul 07, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor for a Little Bit/One Quarter
Replies: 7
Views: 897

Financial Advisor for a Little Bit/One Quarter

I'd like to get a financial advisor for a very short term (I've gone into debates on BH about it, I'd rather not use this thread as another debate, roll with it)... Is it possible to work with an FA, get my portfolio setup, and then drop them later if I find it doesn't work out and still stay with t...
by schrute
Wed Jul 04, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: Considering putting monies into an index fund
Replies: 1
Views: 360

Considering putting monies into an index fund

I usually do investments that involve indexes, bonds, CDs, etc. Mostly in my retirement accounts or money I just plan to sock away for the long haul. I also like to do a bit of trading, sometimes day trading, which I've been well, and totally understand the risks (also realize this is very anti-Bogl...
by schrute
Wed Jul 04, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1820

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Chip wrote:
Wed Jul 04, 2018 2:04 pm
schrute wrote:
Wed Jul 04, 2018 2:01 pm
Got it. It's a 1099-MISC so I think I can treat it as misc income, I've done in years past rather than Schedule SE.
Yes, that makes sense. I assume the income is in Box 3 of the 1099-MISC and not in Box 7?
It's in Box 7.
by schrute
Wed Jul 04, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1820

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Ah, thanks for the response here! The form CP2000 has some income I earned (from AdSense on a 1099) which I didn't record, it was small and I don't contest that part. Is it possible to contest in part and accept in part the tax due? I think so, by saying in your response that you agree with X and d...
by schrute
Wed Jul 04, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1820

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

One thing, on the front page of the 1040 in box 15a I have 5,500 (IRA distributions). 15b then has 0 (no taxable amount) . I imagine that part is also correct? Yes, that part is also correct. As I mentioned in another recent thread, your return may be exactly correct yet you get a letter due to an ...
by schrute
Wed Jul 04, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1820

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

Thanks. I read the other threads from folks, it seems around how to enter into TT. I actually couldn't find any with screenshots of the "correct" 8606 form or how it should look. Here's a screen shot (Step 5) of a Form 8606 from The Finance Buff (member tfb here). He also produced a nice series of ...
by schrute
Wed Jul 04, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1820

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

This is the time of year these forms come out. If you search for CP2000 in the google box above and look for the threads in 2018, you will find other discussions. Your form looks right to me too. Thanks. I read the other threads from folks, it seems around how to enter into TT. I actually couldn't ...
by schrute
Wed Jul 04, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1820

Re: IRS CP2000 on Backdoor Roth, Did I do it right?

It looks like you did it correctly. I received the same letter in June (for tax year 2016) and had to wait an hour on hold to speak to someone. The IRS rep pulled up my account and confirmed that I did it correctly. She tried to assign my case to herself to go ahead and take care of it. She wasn't ...
by schrute
Wed Jul 04, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 on Backdoor Roth, Did I do it right?
Replies: 24
Views: 1820

IRS CP2000 on Backdoor Roth, Did I do it right?

I got a CP2000 notification in the mail from the IRS. It says I have a taxable event from pre-tax money which was distributed into my Roth. However, the money I put in was post-tax and not pre-tax, therefore it shouldn't be a taxable event. I'm trying to do, or rather did do, a backdoor Roth. On wit...
by schrute
Mon Jul 02, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 125
Views: 14316

Re: Why not go 100% stocks?

I'm relatively young, 35, and plan to work for the next two decades. I'm in a dual physician household and enjoy working and being productive. I don't really enjoy site-seeing and traveling as much. My household income is approximately 900K with approximately 120K of annual expenses. My question is...
by schrute
Mon Jul 02, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 51
Views: 10137

Re: IRS tax letter triggered by Turbotax's 8606

For all those who got this CP2000 letter: I got the notice from the IRS today that my response resolved the issue. I did not have to file an amended return. Sending the modified form 8606 with the lines that Turbotax skipped filled in, plus some backup brokerage records and letter of explanation wa...
by schrute
Fri Jun 29, 2018 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 125
Views: 14316

Re: Why not go 100% stocks?

I'm relatively young, 35, and plan to work for the next two decades. I'm in a dual physician household and enjoy working and being productive. I don't really enjoy site-seeing and traveling as much. My household income is approximately 900K with approximately 120K of annual expenses. My question is...
by schrute
Wed Jun 27, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Done Correctly?
Replies: 17
Views: 1515

Re: Social Security Calculation Done Correctly?

HERE is a detailed explanation about how SSA calculates benefits. ... I had several years of the max for SS tax before I retired early, then several years of no SS taxable income at all. So the estimates sent out by the SSA from year to year were not accurate at all... jimb There's a max tax? I tho...
by schrute
Mon Jun 25, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

In doing the math, it seems like if you're 40 with $2M you could possibly retire. $2M @ 8% interest annually for 40 years (die at 100 years old) yields you $161,000 annually. You may not draw $161,000 to start, maybe you draw $60,000 and therefore grow your overall pot over 40 years. Then again, if...
by schrute
Sun Jun 24, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Done Correctly?
Replies: 17
Views: 1515

Re: Social Security Calculation Done Correctly?

HERE is a detailed explanation about how SSA calculates benefits. A biggy is that earlier years are adjusted to today's dollars for the calculation. This is very important for folks who had fairly high income in their earlier years but may have dropped out of the rat race early (like I did) and had...
by schrute
Sun Jun 24, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Done Correctly?
Replies: 17
Views: 1515

Re: Social Security Calculation Done Correctly?

HERE is a detailed explanation about how SSA calculates benefits. A biggy is that earlier years are adjusted to today's dollars for the calculation. This is very important for folks who had fairly high income in their earlier years but may have dropped out of the rat race early (like I did) and had...
by schrute
Sun Jun 24, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Done Correctly?
Replies: 17
Views: 1515

Social Security Calculation Done Correctly?

I'm starting to go back and look at what I made and calculate what my SS benefit would be. My understanding is that it's the top salary average for the 35 years and years not worked in that 35 year period would count as 0. My understanding is that the average salary cap is $120K. I imagine your sala...
by schrute
Sat Jun 23, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

Here is the example I am using, this lady "retired" at 28: http://money.cnn.com/2017/08/02/pf/early-retirement/index.html I guess I should have started there, if she's retiring with $2.25M is that really sustainable? She's doing withdrawals currently and still has a long time to go. Schrute - you c...
by schrute
Sat Jun 23, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Career Burn Out: Should I quit high paying job and take a sabbatical?
Replies: 55
Views: 6864

Re: Career Burn Out: Should I quit high paying job and take a sabbatical?

I should have guessed by the name oilrig. Are you a petroleum engineer?
by schrute
Sat Jun 23, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Career Burn Out: Should I quit high paying job and take a sabbatical?
Replies: 55
Views: 6864

Re: Career Burn Out: Should I quit high paying job and take a sabbatical?

In first blush, I don't like it. Bouncing around too many times with or without a "sabbatical" will make you look unprofessional. You must stay on a steady and sure plan if you want to save that 5+ mil. I am okay with finding a different job if you KNOW you can live with it for a few years, but it'...
by schrute
Sat Jun 23, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 88
Views: 11153

Re: Are Roth IRAs overrated?

Love the idea of tax-free growth, particularly since I invested in a stock that greatly appreciated. If you can't get a tax deduction for a traditional IRA, a Roth IRA is a no-brainer. Any after tax money that can go into a retirement account, again, Roth IRA is a no brainer.
by schrute
Sat Jun 23, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: CA Muni bond fund - reinvest vs transfer to MMF
Replies: 11
Views: 838

Re: CA Muni bond fund - reinvest vs transfer to MMF

I'm a CA state resident and want to invest in the CA Intermediate Muni Bond fund (VCAIX) in my taxable brokerage account. Will there be any difficulty in, or differences in taxation of the interest and/or capital gains? I understand that the interest income portion should NOT be taxable for me at t...
by schrute
Sat Jun 23, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 12526

Re: When did you start flying business class?

Business class seems very anti-Boglehead
by schrute
Sat Jun 23, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

$2M retirement is do-able at any age. What kind of life do you want to live? If you stay out of the big metropolitan areas, life is generally cheaper. It is also a different life. I'm always non-plussed that it's easy to find places in the USA that have twice the average cost of living, and very di...
by schrute
Sat Jun 23, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

Here is the example I am using, this lady "retired" at 28: http://money.cnn.com/2017/08/02/pf/earl ... index.html

I guess I should have started there, if she's retiring with $2.25M is that really sustainable? She's doing withdrawals currently and still has a long time to go.
by schrute
Sat Jun 23, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

So I looked into it for coverage with Blue Cross and it would be $3K. Now, obviously I'm not paying that so that could change next year, or with a wife, and future kids, etc. Where on EARTH are you finding decent HC (BCBS) at $3K per year? Unless you're getting large subsidies most recommend budget...
by schrute
Sat Jun 23, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

So I looked into it for coverage with Blue Cross and it would be $3K. Now, obviously I'm not paying that so that could change next year, or with a wife, and future kids, etc. Where on EARTH are you finding decent HC (BCBS) at $3K per year? Unless you're getting large subsidies most recommend budget...
by schrute
Sat Jun 23, 2018 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

smitcat wrote:
Sat Jun 23, 2018 5:52 am
schrute wrote:
Fri Jun 22, 2018 10:18 pm
Would pay for health care on my own, I think it's $3K year.
I think it's $3K year....??
So I looked into it for coverage with Blue Cross and it would be $3K. Now, obviously I'm not paying that so that could change next year, or with a wife, and future kids, etc.
by schrute
Fri Jun 22, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

Would pay for health care on my own, I think it's $3K year.
by schrute
Fri Jun 22, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

Is $2m total net worth or retirement portfolio value? Do you own or rent (renters are subject to greater inflation risk than home owners?) Portfolio value. Not including retirement accounts. Hypothetical. I have no idea what you mean by not including retirement accounts. You want to retire, but not...
by schrute
Thu Jun 21, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Re: Can you retire on $2M?

CaliJim wrote:
Thu Jun 21, 2018 10:38 pm
Is $2m total net worth or retirement portfolio value?
Do you own or rent (renters are subject to greater inflation risk than home owners?)
Portfolio value. Not including retirement accounts. Hypothetical.
by schrute
Thu Jun 21, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21622

Can you retire on $2M?

In doing the math, it seems like if you're 40 with $2M you could possibly retire. $2M @ 8% interest annually for 40 years (die at 100 years old) yields you $161,000 annually. You may not draw $161,000 to start, maybe you draw $60,000 and therefore grow your overall pot over 40 years. Then again, if ...