Search found 443 matches

by Soon2BXProgrammer
Sat Oct 20, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement and use of ACA HDHP/HSA?
Replies: 3
Views: 268

Re: Early retirement and use of ACA HDHP/HSA?

for 60 year old male in washington with 17k of income: Premera Blue Cross PersonalCare Silver Estimated Premium $ 478.68 Estimated price after $645.72 tax credit Out-of-Pocket Maximum $650 Deductible $200 Individual / $400 Family vs Premera Blue Cross PersonalCare Bronze Estimated Premium $ 249.76 E...
by Soon2BXProgrammer
Fri Oct 19, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion in 401k then Roth 401k to Roth Ira rollover - when can you withdrawal? and with what penalties/fees?
Replies: 6
Views: 332

Re: Roth conversion in 401k then Roth 401k to Roth Ira rollover - when can you withdrawal? and with what penalties/fees?

See the linked thread for more, but "Note that if the employee did an in plan Roth rollover (IRR) before rolling to the Roth IRA, the tracking of Roth IRA basis becomes more complex prior to 59.5 because the taxable portion of each IRR must meet a 5 year requirement before it can be distributed wit...
by Soon2BXProgrammer
Fri Oct 19, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion in 401k then Roth 401k to Roth Ira rollover - when can you withdrawal? and with what penalties/fees?
Replies: 6
Views: 332

Re: Roth conversion in 401k then Roth 401k to Roth Ira rollover - when can you withdrawal? and with what penalties/fees?

i want to understand after i leave my employer what are the rules to access roth 401k funds. What are my options. roll to an IRA, then what? what are the rules. In short, all Roth 401k contributions become treated as Roth IRA contributions when a Roth 401k is rolled over to a Roth IRA, and Roth 401...
by Soon2BXProgrammer
Fri Oct 19, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion in 401k then Roth 401k to Roth Ira rollover - when can you withdrawal? and with what penalties/fees?
Replies: 6
Views: 332

Re: Roth conversion in 401k then Roth 401k to Roth Ira rollover - when can you withdrawal? and with what penalties/fees?

Employee deferrals (pretax contributions) or Roth contributions can't be rolled over until you are age 59-1/2 (requires plan support) or you leave the employer. It doesn't matter if you convert those to Roth or not. Employer contributions can be rolled over at any time if the plan allows. Understoo...
by Soon2BXProgrammer
Fri Oct 19, 2018 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion in 401k then Roth 401k to Roth Ira rollover - when can you withdrawal? and with what penalties/fees?
Replies: 6
Views: 332

Roth conversion in 401k then Roth 401k to Roth Ira rollover - when can you withdrawal? and with what penalties/fees?

At this point i'm still working, but have the opportunity to do some Roth conversions of my significantly large pretax 401k, at a lower rate then i contributed to the 401k at. (think part time work, or spouse unemployed). What are the seasoning rules/ordering rules about when (before retirement age)...
by Soon2BXProgrammer
Tue Oct 16, 2018 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: 30 y/o Boglehead student, advice for 65 year old Retiring Father
Replies: 30
Views: 2841

Re: 30 y/o Boglehead student, advice for 65 year old Retiring Father

the only thing you might be missing is keeping the money in the 401k is an option.. you might want to review the investment choices to make sure there isn't a fund in the plan that you would want that doesn't exist outside of the 401k. Example; my father has a stable value fund that pays over 4% cu...
by Soon2BXProgrammer
Tue Oct 16, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving Payflex HSA - avoid account closure fee?
Replies: 26
Views: 1963

Re: Leaving Payflex HSA - avoid account closure fee?

Submitting a trustee transfer request will move your HSA funds from Payflex to a new HSA administrator of your choosing. This closes your Payflex HSA and eliminates the account closure fee. You can also withdraw the full balance of your account, then close it. No funds, no fee. My favorite loophole...
by Soon2BXProgrammer
Tue Oct 16, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: International Fund Down - What to do?
Replies: 36
Views: 2282

Re: International Fund Down - What to do?

buy more with current income? if not.. eventually re-balance and buy more.
by Soon2BXProgrammer
Tue Oct 16, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: 30 y/o Boglehead student, advice for 65 year old Retiring Father
Replies: 30
Views: 2841

Re: 30 y/o Boglehead student, advice for 65 year old Retiring Father

the only thing you might be missing is keeping the money in the 401k is an option.. you might want to review the investment choices to make sure there isn't a fund in the plan that you would want that doesn't exist outside of the 401k. Example; my father has a stable value fund that pays over 4% cur...
by Soon2BXProgrammer
Tue Oct 16, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Sell & Buy New Home Now vs. Next Spring
Replies: 25
Views: 1034

Re: Sell & Buy New Home Now vs. Next Spring

I hear you. It's more a mental readiness/opportunity cost issue for us. I wish there were a definite right answer. i made an offer on a house 3 or 4 years ago. it was accepted, i inspected, nothing major was wrong, but i decided to claim the inspection and back out.. still haven't bought a new hous...
by Soon2BXProgrammer
Tue Oct 16, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Sell & Buy New Home Now vs. Next Spring
Replies: 25
Views: 1034

Re: Sell & Buy New Home Now vs. Next Spring

realtors are pushing because a bird in the hand is worth two in the bush.. who knows what you will do come spring, but if they can get you to buy now, they get paid. also in some markets there is talk of a slowing in real estate, this might mean prices are getting soft.. i have no idea bout your loc...
by Soon2BXProgrammer
Tue Oct 16, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer – bonus details provided after acceptance
Replies: 26
Views: 1783

Re: Job Offer – bonus details provided after acceptance

i gave this a second thought. if they don't know how the bonus will work, ask them to convert as much as they can to base, and present a new offer. this might actually turn out to be a great win for you with guaranteed money.
by Soon2BXProgrammer
Tue Oct 16, 2018 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer – bonus details provided after acceptance
Replies: 26
Views: 1783

Re: Job Offer – bonus details provided after acceptance

Gainfully employed but have a job offer to join a new firm. Negligible (2 – 3%) increase in base but new target bonus is 55% of base whereas current target bonus is 20% of base. Prospective employer sketchy on details for how this significant bonus is determined and offer letter says details will b...
by Soon2BXProgrammer
Sun Oct 14, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: 1950s home. Replace drywall and insulation or repair it
Replies: 19
Views: 1669

Re: 1950s home. Replace drywall and insulation or repair it

i would probably be doing the work myself, but i would do it.

also, because i would be wanting to install many extra plugins on new circuits. Can never have enough plugins.

also, i might run other stuff in the walls when they are open.
by Soon2BXProgrammer
Sat Oct 13, 2018 10:13 pm
Forum: Investing - Theory, News & General
Topic: Better to invest in taxable and not deferred?
Replies: 31
Views: 3037

Re: Better to invest in taxable and not deferred?

also, it is reasonable to have enough deferred (pretax) assets to fill the 0 and 10% brackets for the rest of your life.
by Soon2BXProgrammer
Sat Oct 13, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: 56-year-old beginning the Boglehead journey - portfolio & tax efficiency questions
Replies: 7
Views: 1042

Re: 56-year-old beginning the Boglehead journey - tax efficiency question

Hi everyone, I am a 56-year-old who is too aggressively invested and my taxable vs retirement accounts are not set-up correctly. Today, I am beginning the Boglehead journey. I would like to ask you 1 question regarding tax efficiency. I have 1 taxable account which I have with Fidelity valued at $7...
by Soon2BXProgrammer
Fri Oct 12, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Short Term Bond yield over 3%
Replies: 74
Views: 10222

Re: Short Term Bond yield over 3%

OP, Please explain to me why folks are paying off the fixed-rate low-interest mortgage when the interest rate is going up. At the rate of interest rate increases, cash in the money market fund may pay a higher interest rate than their mortgages in the future. KlangFool I bought a house in 2008, and...
by Soon2BXProgrammer
Fri Oct 12, 2018 4:49 pm
Forum: Investing - Theory, News & General
Topic: Short Term Bond yield over 3%
Replies: 74
Views: 10222

Re: Short Term Bond yield over 3%

OP, Please explain to me why folks are paying off the fixed-rate low-interest mortgage when the interest rate is going up. At the rate of interest rate increases, cash in the money market fund may pay a higher interest rate than their mortgages in the future. KlangFool I bought a house in 2008, and...
by Soon2BXProgrammer
Fri Oct 12, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to company that allows Mega Backdoor Roth Conversion - Any prep needed?
Replies: 21
Views: 1425

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 Soon2BXProgrammer
Fri Oct 12, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Query - Rolling after-tax 401(k) funds to a Roth IRA
Replies: 4
Views: 292

Re: Query - Rolling after-tax 401(k) funds to a Roth IRA

i do it once a year.. some years i owe a tiny tax on a tiny gains.. oh well.

i'm not sure if you do it 26 times, if you will potentially get 26x2 = 52 1099-R's, i would sure hope not.

i typically get 2 1099-R's when i do it, one for the basis and one for the gains. (just so your aware).
by Soon2BXProgrammer
Fri Oct 12, 2018 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contri's vs Trad 401k vs Roth 401k
Replies: 23
Views: 869

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

when you break the 55k IRS limit you can switch to a NQDC plan (pretax). what is this??? at my employer, i have the option when i break the 55k limit to switch to a "non qualified deferred compensation" plan, also known sometimes as a "top hat" plan, or a "benefit restoration" plan. that allows me ...
by Soon2BXProgrammer
Fri Oct 12, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contri's vs Trad 401k vs Roth 401k
Replies: 23
Views: 869

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

when you break the 55k IRS limit you can switch to a NQDC plan (pretax). what is this??? at my employer, i have the option when i break the 55k limit to switch to a "non qualified deferred compensation" plan, also known sometimes as a "top hat" plan, or a "benefit restoration" plan. that allows me ...
by Soon2BXProgrammer
Fri Oct 12, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: Pacific Northwest trip
Replies: 39
Views: 2805

Re: Pacific Northwest trip

you can spend a long time just driving around the 440 mile cascade loop.. https://www.cascadeloop.com/ and you could spend a day at most of the places on it. plus you can rent a kayak and spend a huge amount of time paddling and camping: https://www.wwta.org/wp-content/uploads/2018/05/2018-CMTSignag...
by Soon2BXProgrammer
Thu Oct 11, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contri's vs Trad 401k vs Roth 401k
Replies: 23
Views: 869

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

If they allow you to take yearly or more frequent distributions, and roll those into a Roth IRA, then these are AWESOME deals! If not, they aren't much different than an after tax account. On the downside, you might not have access to the funds when you want them. On the plus side, they might offer...
by Soon2BXProgrammer
Thu Oct 11, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: When stocks and bonds drop at the same time, what do you do?
Replies: 40
Views: 4437

Re: When stocks and bonds drop at the same time, what do you do?

i buy whatever i'm lowest on to get back to my target allocation.
by Soon2BXProgrammer
Thu Oct 11, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contri's vs Trad 401k vs Roth 401k
Replies: 23
Views: 869

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? I don't see it in any of my employer's documentation or in Fidelity's (where my 401k is) - which is leading me to believe it's n...
by Soon2BXProgrammer
Thu Oct 11, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contri's vs Trad 401k vs Roth 401k
Replies: 23
Views: 869

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

Yes, some plans that have roth options allow "aftertax".

My Megacorp allows you to do pretax/roth, then aftertax, then when you break the 55k IRS limit you can switch to a NQDC plan (pretax).
by Soon2BXProgrammer
Fri Sep 07, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10164

Re: Max you should invest in a 529?

Summaries of this thread and others I've read on 529 plans at this site: 1) Many bogleheads take advantage of 20+ years of tax-free growth that 529 accounts provide and are proud to state they've saved a lot in taxes. 2) Some bogleheads feel the lack of liquidity isn't worth the hundreds to thousan...
by Soon2BXProgrammer
Mon Aug 27, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: How often do you perform Mega Backdoor Roth in-service transfer?
Replies: 17
Views: 1241

Re: How often do you perform Mega Backdoor Roth in-service transfer?

I recently found out my employer offers after-tax contributions via our Fidelity 401k plan, with these features: After-tax contributions allowed In-service transfers are allowed No fee for an in-service transfer No limit for in-service transfers This means I have the max flexibility Mega Backdoor R...
by Soon2BXProgrammer
Sun Aug 26, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6741

Re: How do you calculate net worth with pensions?

My brother and SIL have pensions. He asked me how do you account your net worth when you have pensions. I told him I really don't know, unless you basically calculate the present worth of it. You will need to find out when you start collecting the benefits and for how long and if there is a spousal...
by Soon2BXProgrammer
Fri Aug 24, 2018 11:06 am
Forum: Investing - Theory, News & General
Topic: The first million is the hardest?
Replies: 46
Views: 9154

Re: The first million is the hardest?

i noticed things start moving faster when my investment returns in a year started to outstrip my contributions. if you save 5k a year (and have 100K), your investment returns start to matter a lot more then your contributions. if you save 50k a year (and have 100K), your contributions still matter t...
by Soon2BXProgrammer
Fri Aug 17, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Comparing Boats to Autos
Replies: 24
Views: 1445

Re: Comparing Boats to Autos

I own an 1980 tiderunner (18 foot). its a heavy thick fiberglass hull. i really like it, it was built local to the puget sound (originally they where built in tacoma, then gig harbor then they moved to bremerton). with wood/fiberglass boats, you need to be aware of rot. i cut the floor out of my boa...
by Soon2BXProgrammer
Thu Aug 16, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1188
Views: 98355

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

9 pages in. I have to ask. Has a single person changed their position having read or participated in this thread? :shock: :oops: :sharebeer Yes, this thread made me take action. i logged into my account that i don't check all that often, and realized, i could click the re-balance button and buy INT...
by Soon2BXProgrammer
Sun Aug 12, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Distributions for mega-back door
Replies: 7
Views: 603

Re: Distributions for mega-back door

not exactly. some 401k plans allow what is called a in service distribution of the aftertax sub account. The aftertax sub account must be prorata distrubted, both the basis and the gains. every year i rollover my aftertax sub account. it might be 20k of basis and 500 dollars of gains. i just roll th...
by Soon2BXProgrammer
Tue Jun 26, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Frequency of Mega Backdoor IRA Transfers
Replies: 15
Views: 1358

Re: Frequency of Mega Backdoor IRA Transfers

its free for me.. and unlimited... but i only do it once per year. i do it in the august time frame when i max out the after-tax contributions due to hitting the 55k limit and i switch to our pretax non qualified plan for the rest of the year. before i could break the 55k IRS limit.. i did it in Nov...
by Soon2BXProgrammer
Wed May 16, 2018 9:11 pm
Forum: Personal Consumer Issues
Topic: Roof TV Antenna Recommendation Needed
Replies: 23
Views: 1850

Re: Roof TV Antenna Recommendation Needed

i use: https://www.channelmaster.com/Digital_HDTV_Outdoor_TV_Antenna_p/cm-4228hd.htm i have probably a 30-40 degree cone that most of my stations come from. I point this in that general direction. they are only 40ish miles, but due to terrain, i don't have LOS.. then i also pick up a couple stations...
by Soon2BXProgrammer
Tue May 15, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11654

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

https://www.irs.gov/newsroom/irs-announces-2018-pension-plan-limitations-401k-contribution-limit-increases-to-18500-for-2018 The limitation used in the definition of highly compensated employee under Section 414(q)(1)(B) remains unchanged at $120,000. If your company has > 20% of employees with com...
by Soon2BXProgrammer
Tue May 15, 2018 7:23 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11654

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

I'm late to the game on this one. But my employer does allow after-tax contributions above the annual limits, and I've accumulated a small amount from slight over contributions (our plan you can only specify contributions in integer percents). The plan does not a appear to allow for in-plan convers...
by Soon2BXProgrammer
Fri May 11, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: How close do you cut your monthly surplus?
Replies: 22
Views: 3278

Re: How close do you cut your monthly surplus?

since i have a surplus of taxable funds already... i max all my pretax and roth options everywhere for our family., even though from a cashflow perspective, some months this means we are negative... but who cares? checking account goes up and down... if it went down and stayed down for too long, i m...
by Soon2BXProgrammer
Fri May 11, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Buying a Boat
Replies: 47
Views: 5376

Re: Buying a Boat

Thoughts on Johnson motors? They never seem to get the rep that Honda, Yamaha, Merc, etc get. But I've been on the lake plenty of times and have seen ANCIENT Johnson motors still running, albeit of lower horsepower i love my 1980 115 johnson... you can see the old commercial: https://www.youtube.co...
by Soon2BXProgrammer
Fri May 11, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Anyone using Obitalk for Google Voice?
Replies: 38
Views: 5486

Re: Anyone using Obitalk for Google Voice?

upgrade to a 200 series.. they announced a while ago the 100 series was end of life, then google changed something as well..

https://forums.redflagdeals.com/google- ... s-2139232/
by Soon2BXProgrammer
Fri May 11, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: Which cordless weed whacker to buy?
Replies: 49
Views: 3870

Re: Which cordless weed whacker to buy?

i have lots of milwaukee tools/batteries.. so i have a milwaukee coardless weedwhacker... it works well for what it is.. nice and easy to use it as an improvised edger. whack the weeds in concrete, etc...

i would recommend against any cordless for that big monstrosity.
by Soon2BXProgrammer
Fri May 11, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: buying new laptops
Replies: 19
Views: 2299

Re: buying new laptops

hello there I'm shopping for a laptop computer for home and business. I would like to know do we have any new with innovated and popular recent products in the market I would like to buy. And where are the best places to go shopping, like outlets, online, Costco, Amazon, Walmart, best buy for barga...
by Soon2BXProgrammer
Wed May 09, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Buying a Boat
Replies: 47
Views: 5376

Re: Buying a Boat

Thoughts on Johnson motors? They never seem to get the rep that Honda, Yamaha, Merc, etc get. But I've been on the lake plenty of times and have seen ANCIENT Johnson motors still running, albeit of lower horsepower i love my 1980 115 johnson... you can see the old commercial: https://www.youtube.co...
by Soon2BXProgrammer
Sun May 06, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: Buying a Boat
Replies: 47
Views: 5376

Re: Buying a Boat

We must have had maybe a dozen boats over 15' by now - most with twin engines and have never blown one yet. Since we bought all of them used and do most all of our own work when we sell they mostly go for more than what we bought them for. During many seasons we spent more than 65 nights on the boa...
by Soon2BXProgrammer
Sun May 06, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: Buying a Boat
Replies: 47
Views: 5376

Re: Buying a Boat

First looking at the headline I was going to give the standard dismissive quotations of boat stands for Break Out Another Thousand, and "How do you make $1,000,000 in the boating industry? Start with $10,000,000". But, you aren't buying some $150,000 show-off boat, you're buying a reasonable piece ...
by Soon2BXProgrammer
Sat May 05, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: Buying a Boat
Replies: 47
Views: 5376

Re: Buying a Boat

my grandfather, father, uncle, cousin and I all each own our own TideRunner's. (local puget sound made fiberglass boat). great boats, very sea worthy, low maintenance.... find yourself a good mechanic though, if you have an old motor. (like my 1980 motor). its great that we all own boats.. we all go...
by Soon2BXProgrammer
Sun Apr 01, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14330

Re: What’s the magic savings rate???

From that page: "A middle-class family with a 50k take-home pay who saves 10% of their income ($5k) is actually better than average these days. But simply cutting cable TV and a few lattes would instantly boost their savings to 15%" This family is going to be able to invest $2,500 more per year by ...
by Soon2BXProgrammer
Sun Apr 01, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 368
Views: 33019

Re: free dinner investing seminar

maybe a dumb question.. but how do i get invited to a free steak dinner? A reasonably fat bank/investment account and being over 55 helps. The free dinner folk buy your info from the financial institution and then attempt to convince you to convert your 401k's/IRA to indexed annuities. Back in the ...