Search found 695 matches

by Soon2BXProgrammer
Fri Jan 17, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Realized we made a major mistake and feeling really sick.
Replies: 133
Views: 8460

Re: Realized we made a major mistake and feeling really sick.

My wife recently made us sit down and calculate what our old company stock options would be worth had we never sold any over the years and held them up until now. We had been consistently selling over many years at a regular schedule. In total we have made roughly 850k before taxes on these options...
by Soon2BXProgrammer
Fri Jan 17, 2020 9:14 am
Forum: Personal Investments
Topic: I think I must stop 401(k) to grow taxable account, but it just feels wrong!
Replies: 19
Views: 1949

Re: I think I must stop 401(k) to grow taxable account, but it just feels wrong!

Hi all, sanity check please? The missus and I are shooting for FI in 2025. Maybe full blown FIRE by 2025, but we'll settle for FI first. Our situation is this: Age: 46 (both) Current Expenses: ~$100k/year Retirement Accounts: $2.4M in 401(k) and Roth IRAs. AA is roughly 75/25 at the moment. Mortgag...
by Soon2BXProgrammer
Fri Jan 17, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: trusting a financial advisor
Replies: 34
Views: 2293

Re: trusting a financial advisor

Soon2BXProgrammer, is that just an illustrative chart, or did you use a specific tool to generate it for a scenario ? If so, what tool ? Thanks ! https://www.rightcapital.com/ Thanks. But that seems to be aimed at pros, and the price for even the cheap version is commensurate with that use. I was h...
by Soon2BXProgrammer
Fri Jan 17, 2020 8:48 am
Forum: Personal Finance (Not Investing)
Topic: trusting a financial advisor
Replies: 34
Views: 2293

Re: trusting a financial advisor

SlowMovingInvestor wrote:
Fri Jan 17, 2020 8:47 am

Soon2BXProgrammer, is that just an illustrative chart, or did you use a specific tool to generate it for a scenario ? If so, what tool ?

Thanks !
https://www.rightcapital.com/
by Soon2BXProgrammer
Fri Jan 17, 2020 8:44 am
Forum: Personal Finance (Not Investing)
Topic: trusting a financial advisor
Replies: 34
Views: 2293

Re: trusting a financial advisor

OK, the 'financial advisor' did not address my main issue: overview of taxes, capital gains, tax efficiency etc. Instead I got a generic sales pitch. Maybe the place to go is a CPA? I think I am missing out on some tax saving moves. I use Turbo Tax so am not sure, but am certainly happy to hire a C...
by Soon2BXProgrammer
Fri Jan 17, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: trusting a financial advisor
Replies: 34
Views: 2293

Re: trusting a financial advisor

OK, the 'financial advisor' did not address my main issue: overview of taxes, capital gains, tax efficiency etc. Instead I got a generic sales pitch. Maybe the place to go is a CPA? I think I am missing out on some tax saving moves. I use Turbo Tax so am not sure, but am certainly happy to hire a C...
by Soon2BXProgrammer
Thu Jan 16, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Definition of a “Business Meal”
Replies: 8
Views: 1078

Re: Definition of a “Business Meal”

How does that work for the last two categories you posted? - meals at 501 organizations such as Lion's Club, Rotary - meals at business organization meetings like Chamber or National Association of XXX, for networking for your business for example. You get a receipt for the cost of the meal and cla...
by Soon2BXProgrammer
Thu Jan 16, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Definition of a “Business Meal”
Replies: 8
Views: 1078

Re: Definition of a “Business Meal”

How does that work for the last two categories you posted? - meals at 501 organizations such as Lion's Club, Rotary - meals at business organization meetings like Chamber or National Association of XXX, for networking for your business for example. You get a receipt for the cost of the meal and cla...
by Soon2BXProgrammer
Thu Jan 16, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Definition of a “Business Meal”
Replies: 8
Views: 1078

Re: Definition of a “Business Meal”

All subject to the 50% deduction limitation--others could be: - meals for prospective clients - meals with contractors, vendors, consultants, employees, etc. - meals at 501 organizations such as Lion's Club, Rotary - meals at business organization meetings like Chamber or National Association of XX...
by Soon2BXProgrammer
Wed Jan 15, 2020 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Employer (not from your paycheck) contributions to one's HSA on W-2?
Replies: 10
Views: 701

Re: Employer (not from your paycheck) contributions to one's HSA on W-2?

From: https://www.irs.gov/pub/irs-pdf/iw2w3.pdf Health savings account (HSA). An employer's contribution (including an employee's contributions through a cafeteria plan) to an employee's HSA is not subject to federal income tax withholding or social security, Medicare, or railroad retirement taxes (...
by Soon2BXProgrammer
Thu Jan 09, 2020 11:17 am
Forum: Investing - Theory, News & General
Topic: Wiki article on "Importance of Saving Rate"
Replies: 36
Views: 2803

Re: Wiki article on "Importance of Savings Rate"

Dear Bogleheads, I have wrote my first Wiki article (https://www.bogleheads.org/wiki/Importance_of_savings_rate) on "Importance of Savings Rate". Thanks to Barry Barnitz and LadyGeek for encouraging me to do this, also for the cleanup, improvements and suggestions. Now it is time for all Bogleheads...
by Soon2BXProgrammer
Thu Jan 09, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Parents sell children their home
Replies: 12
Views: 1446

Re: Parents sell children their home

I would recommend you get real clear on what your goals are. Is it that they stay in the home as long as possible? Is that they don't become destitute? Is it that YOU want the childhood home after they die? .. etc. There are no right or wrong answers, it is important to have the clarity to what you ...
by Soon2BXProgrammer
Wed Jan 08, 2020 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1412
Views: 364330

Re: Share your net worth progression

Updated. With a high savings rate and this incredible bull market, I'm flabberghasted by the growth rate of our NW. these are the ends of the year, and include all assets/liabilities. including house Year - NW - Base Salary - Comments 2006 - Approximately 0 - 56k - First real job after military. 20...
by Soon2BXProgrammer
Wed Jan 01, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1412
Views: 364330

Re: Share your net worth progression

Updated. With a high savings rate and this incredible bull market, I'm flabberghasted by the growth rate of our NW. these are the ends of the year, and include all assets/liabilities. including house Year - NW - Base Salary - Comments 2006 - Approximately 0 - 56k - First real job after military. 200...
by Soon2BXProgrammer
Wed Jan 01, 2020 9:35 am
Forum: Personal Finance (Not Investing)
Topic: For those who got out of tech industry (voluntarily or involuntarily)..
Replies: 109
Views: 8338

Re: For those who got out of tech industry (voluntarily or involuntarily)..

where did you go? I started late in tech (about 37 years old) and am currently 44 years old and I have a feeling I won't be doing this kind of work at 60-65. I want to plan some exit strategy for sometime mid-50's (if its not "planned" for me before than). Not sure where I would look though, and I ...
by Soon2BXProgrammer
Sat Dec 28, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Goodbye USAA
Replies: 72
Views: 8707

Re: Goodbye USAA

Officers and Enlisted are both eligible to receive the annual dividend, but only Officers are eligible for the Subscriber's Account. Not entirely true. I was a E4 from 2002-2006. From memory sometime after i bought a house and got married, i moved from getting an annual dividend to the subscriber a...
by Soon2BXProgrammer
Sun Dec 22, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Which spouse should own the brokerage account?
Replies: 31
Views: 3245

Re: Which spouse should own the brokerage account?

Yes, specifically: IRC Section 1014(e) prohibits a step up in basis in regards to appreciated property that was acquired by the decedent via a gift within one year of their death. That's interesting, my spouse and I live in a community property state. Some of our accounts are owned individually (as...
by Soon2BXProgrammer
Sun Dec 22, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Which spouse should own the brokerage account?
Replies: 31
Views: 3245

Re: Which spouse should own the brokerage account?

Yes, specifically: IRC Section 1014(e) prohibits a step up in basis in regards to appreciated property that was acquired by the decedent via a gift within one year of their death. That's interesting, my spouse and I live in a community property state. Some of our accounts are owned individually (as...
by Soon2BXProgrammer
Sun Dec 22, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Which spouse should own the brokerage account?
Replies: 31
Views: 3245

Re: Which spouse should own the brokerage account?

Given a couple with an age difference of 10 years and the wife is the younger of the two; Which of them should hold the brokerage account or should it be joint? If the husband is the owner and passes away first as expected and the wife is the beneficiary she gets a step up in basis at the time she ...
by Soon2BXProgrammer
Sat Nov 16, 2019 10:04 am
Forum: Personal Investments
Topic: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?
Replies: 25
Views: 2810

Re: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?

For those who feel you have achieved financial independent, what formula did YOU use? I am not asking for consensus, just individual formulas. I am not asking retirement number either, just when you feel you have won the game. Was it Expense * 25/30/33/50 ? Did you take Social Security into conside...
by Soon2BXProgrammer
Mon Nov 04, 2019 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is 529 best held by a Grandparent?
Replies: 6
Views: 855

Re: Is 529 best held by a Grandparent?

If a grandparent opens a 529 for a grandchild, can other people contribute to that 529? If so, would the donor receive the state tax deduction or the grandparents? From my limited reading of 529 plans, one held by a grandparent is best for the grandchildren with respect to possible financial aid. A...
by Soon2BXProgrammer
Sun Nov 03, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Wade Pfau's Safety First Book
Replies: 11
Views: 2206

Re: Wade Pfau's Safety First Book

I have read parts of the book, I also attended a series of webinar's that Dr. Pfau presented parts of the book and his research for financial planners. Not that there isn't a lot of other good material, but the concept that made me pause and think was to consider BOTH a Single Premium Immediate Annu...
by Soon2BXProgrammer
Wed Oct 09, 2019 8:44 pm
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 187
Views: 20980

Re: John Bogle’s formula says 1% real stock returns likely over next decade

HomerJ wrote:
Wed Oct 09, 2019 4:59 pm
2011, I can show you ton of experts who predicted somewhat low 10-year U.S. returns, like 4.5% real. Instead, we've gotten like 12% real.
we won't know if this prediction is true/false until 2021/2022 depending on the actual reference point being predicted.
by Soon2BXProgrammer
Mon Oct 07, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance [looking for information]
Replies: 52
Views: 3546

Re: Long term care insurance [looking for information]

Can you point me to good resources for reading up on long term care insurance? Thank you I'll give some things to learn about, instead of specific references. 1) Do your own research on how likely you are to need LTC, and for how long. 2) Do your own research on how many years you are likely to pay...
by Soon2BXProgrammer
Sun Oct 06, 2019 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Fee-based CFP advice
Replies: 11
Views: 1343

Re: Fee-based CFP advice

Disclosure: I probably will be affiliated with this company in the future, once I finish my CFP and get my series 65. (which should be pretty soon, not that you asked, it's my post Financial Independence encore career) I would recommend looking at https://www.xyplanningnetwork.com/ for advisors that...
by Soon2BXProgrammer
Sat Sep 28, 2019 6:42 pm
Forum: Personal Investments
Topic: 401k Rollover, how badly did I mess this one up?
Replies: 16
Views: 1025

Re: 401k Rollover, how badly did I mess this one up?

one way i try to limit this risk is that when i move large amounts of money, i consider that money my bond allocation or my cash allocation. This normally means executing some trades around the event so that i have my balance of assets the way i want them. I don't try to make it perfect, just less o...
by Soon2BXProgrammer
Thu Sep 26, 2019 3:29 pm
Forum: Personal Investments
Topic: Roth for college savings
Replies: 13
Views: 641

Re: Roth for college savings

OK, got it. The article says waiting to pay off the student loan with distributions after the FAFSA considerations are a possibility..... but with two kids spread over 3 years that may be a long time to wait. Correct, you would be "taxed" less with 529 assets as distributions aren't counted as inco...
by Soon2BXProgrammer
Thu Sep 26, 2019 3:18 pm
Forum: Personal Investments
Topic: Roth for college savings
Replies: 13
Views: 641

Re: Roth for college savings

I believe the contributions can be accessed any time without penalty. Its just the earnings distributions that have rules. Hopefully I've got that right! cheers That isn't what I mean. I mean the FAFSA rules. I haven't validated this article but: https://www.savingforcollege.com/article/can-a-roth-...
by Soon2BXProgrammer
Thu Sep 26, 2019 2:17 pm
Forum: Personal Investments
Topic: Roth for college savings
Replies: 13
Views: 641

Re: Roth for college savings

I have the option for a mega backdoor roth with my current employer at ~$30k per year. My thought is that this would be a good method for saving for college for our two kids which will start in 11 years because: 1) We can pull the principle out at any time without penalty and 2) Its not a reportabl...
by Soon2BXProgrammer
Thu Sep 26, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Pay-off mortgage before FAFSA?
Replies: 19
Views: 1486

Re: Pay-off mortgage before FAFSA?

Since the primary home equity is not considered as asset for the FAFSA, should I pay-off my mortgage? I'm already maxing out all tax deferred options for me and DW, 401Ks, backdoor Roths, so I will just be pausing post-tax investments to pay down the mortgage, approx 90K left at 3% (7yrs left on a ...
by Soon2BXProgrammer
Sun Sep 22, 2019 8:58 am
Forum: Personal Investments
Topic: Recommendations Needed for Flat Rate Fee only Fiduciary Advisor
Replies: 8
Views: 763

Re: Recommendations Needed for Flat Rate Fee only Fiduciary Advisor

In addition to Garret, you should check out:

https://www.xyplanningnetwork.com/

Each is an individual business and can decide how they work, so you might have to call many. But there are some that work on various different compensation models.
by Soon2BXProgrammer
Fri Sep 06, 2019 9:30 pm
Forum: Personal Investments
Topic: How much did changing my portfolio cost me?
Replies: 17
Views: 1729

Re: How much did changing my portfolio cost me?

venkman wrote:
Fri Sep 06, 2019 9:14 pm
"Don't confuse strategy with outcome."
This is so true. Be careful of the "resulting fallacy"
by Soon2BXProgrammer
Fri Sep 06, 2019 9:25 pm
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 28606

Re: VTIAX International fund - should I give up on it?

Like many, I have an international fund in my portfolio for diversification. Unfortunately, it seems like this play does nothing but consistently bring the rest of my portfolio down. What are your thoughts on VTIAX? After recent event it's pretty much given back all gains for the year and it seems ...
by Soon2BXProgrammer
Tue Sep 03, 2019 10:38 pm
Forum: Personal Investments
Topic: Self insured Long Term Care Fund
Replies: 36
Views: 2775

Re: Self insured Long Term Care Fund

Hi everyone, I would like to self insure a fund for Long Term Care. What fund do you recommend to use for purpose. So putting about 100,000 in to use for either I or my husband long term care. It may be too little or too much but I believe paying an insurance co that may up the premium to something...
by Soon2BXProgrammer
Tue Sep 03, 2019 7:35 am
Forum: Personal Consumer Issues
Topic: Does anyone have a dishwasher they recommend?
Replies: 97
Views: 6027

Re: Does anyone have a dishwasher they recommend?

After a lot of research, I just bought a Whirlpool refrigerator. It had excellent reviews for the most part. Also bought the extended warranty, which I never do, because, well, it seems refrigerators seem to be so unreliable these days. I considered buying the “matching” Whirlpool dishwasher until ...
by Soon2BXProgrammer
Wed Aug 28, 2019 8:09 am
Forum: Personal Investments
Topic: Question
Replies: 2
Views: 246

Re: Question

During this tax season, my accountant had his assistant jr. accountant file taxes for me this year. The Jr. Accountant told me that since my spouse is claiming a full deduction of 401k through employer she can't claim a tax deduction on a traditional IRA. Its must be either 401k / traditional IRA. ...
by Soon2BXProgrammer
Tue Aug 27, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12328

Re: How Have You Planned for Sequence of Return Risk (SOR)?

Admiral wrote:
Tue Aug 27, 2019 8:42 am
Or, you know, finally pay full fare for Business Class :wink:
Thank you for helping me grow my 25x to 50x
by Soon2BXProgrammer
Sun Aug 25, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12328

Re: How Have You Planned for Sequence of Return Risk (SOR)?

Quantify it then. What's the SWR where you have so much money you don't have to care about how your money is invested. It can be 100% in stocks, 100% in bonds, or 100% in orange-juice futures... It just doesn't matter, because you are so rich. What's the SWR where you don't have to care at all? Mat...
by Soon2BXProgrammer
Sun Aug 25, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12328

Re: How Have You Planned for Sequence of Return Risk (SOR)?

The most simple plan is to just have so much money that it doesn't matter. We're all really impressed over here. Puff out your chest a little more... SOR is more of an issue when you are trying to maximize your portfolio withdrawals early in your retirement. The point is if you saved more, or you p...
by Soon2BXProgrammer
Sun Aug 25, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12328

Re: How Have You Planned for Sequence of Return Risk (SOR)?

The most simple plan is to just have so much money that it doesn't matter. We're all really impressed over here. Puff out your chest a little more... SOR is more of an issue when you are trying to maximize your portfolio withdrawals early in your retirement. The point is if you saved more, or you p...
by Soon2BXProgrammer
Sun Aug 25, 2019 8:54 pm
Forum: Personal Investments
Topic: Protecting ourselves from sequence of returns risk
Replies: 69
Views: 5088

Re: Protecting ourselves from sequence of returns risk

Question: Considering we are within 3 years of retirement, should we stay with the 55/25/17 or start changing our allocation? Only an idiot, or financial planner, would answer that question. There is no right answer! I suppose I am an idiot for asking this question? My answer, based on all the rese...
by Soon2BXProgrammer
Sun Aug 25, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12328

Re: How Have You Planned for Sequence of Return Risk (SOR)?

1) No CD, I-bond? We have no CDs, no savings account, no I-bonds. I am also wondering whether I should purchase I-bonds as there are many fans on this forum. May you kindly share your thought on I-bonds? No CDs, no savings accounts...I assume no MMs, either. Do they have a modern banking system in ...
by Soon2BXProgrammer
Sun Aug 25, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12328

Re: How Have You Planned for Sequence of Return Risk (SOR)?

I've been reading about the "strategies" for managing/protecting against SOR Risk. Many of you know of Wade Pfau, who is listed as "Professor of Retirement Income." One of his articles is linked here: https://www.forbes.com/sites/wadepfau/2017/04/12/4-approaches-to-managing-sequence-of-returns-risk...
by Soon2BXProgrammer
Sun Aug 25, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: Another car affordability question, YOLO vs. extreme FI
Replies: 64
Views: 3861

Re: Another car affordability question, YOLO vs. extreme FI

You will generally see two camps here on BH in car affordability threads: 1) If you are meeting your savings goals, buy any car you can afford if that's what you want. 2) If you're not driving an inexpensive car, you're wasting your money, no matter how much you are saving. There's no right answer*...
by Soon2BXProgrammer
Sat Aug 24, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: HSA and Health Insurance with VA Coverage
Replies: 6
Views: 471

Re: HSA and Health Insurance with VA Coverage

I am probably recalling wrong. (disabled Vet myself). That the non VA covered spouse can make HSA contributions for themselves and family (assuming kids), then you still can use your company HDHP and an HSA (just not your HSA) This implication is that one can not get the "company money" if you get g...
by Soon2BXProgrammer
Mon Aug 19, 2019 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off a portion of my mortgage early?
Replies: 4
Views: 560

Re: Should I pay off a portion of my mortgage early?

Hi all. My wife and I have about $100,000 that we are looking to invest to eventually buy a newer, more expensive home in five years or so using the equity built on our current property and money we have saved. This $100,000 does not include money we already have in an emergency fund saved up. We a...
by Soon2BXProgrammer
Sun Aug 04, 2019 10:12 pm
Forum: Personal Investments
Topic: Is 0.30% Annual Fee on HSA Investment Account Reasonable?
Replies: 16
Views: 1253

Re: Is 0.30% Annual Fee on HSA Investment Account Reasonable?

Megamill wrote:
Sun Aug 04, 2019 2:28 pm
I have about $20k in my HSA not invested (yet). My HSA investment provider charges an annual fee of 0.30% (in addition to any of the mutual fund expense ratios). Is this extra fee pretty standard or is it a ripoff?
Switch to either Fidelity or Lively, both are basically fee free.
by Soon2BXProgrammer
Sat Aug 03, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Are all models of Toyota generally considered reliable?
Replies: 52
Views: 5466

Re: Are all models of Toyota generally considered reliable?

Just curious if all models of Toyota are generally considered reliable? I've been considering a new Sienna lately but have also been interested in the Sequoia (for towing capabilities). Currently have a 2007 Camry and a 2011 Highlander that have been great. No. We have a Scion xB, that effectively ...
by Soon2BXProgrammer
Sat Aug 03, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 125
Views: 9992

Re: Federal Employee Burn or Sick Leave [before retirement]

From what I gather from this post is that it's best to use sick leave when you can for legitimate purposes and not to use it for non legitimate purposes since it serves as a disability insurance. Is that correct? If you feel the need to keep some sick leave for "insurance" feel free. If you have ac...
by Soon2BXProgrammer
Sat Aug 03, 2019 8:32 am
Forum: Personal Investments
Topic: Roth 401k and Mega backdoor Roth IRA with a long wait
Replies: 8
Views: 592

Re: Roth 401k and Mega backdoor Roth IRA with a long wait

All the 401k rules for withdrawal apply. 1. 72(t) distributions: Substantially equal periodic payments for at least 5 years 2. Rule of 55 -- separate from the employer after age 55. The separation and withdrawal must both occur after age 55. 3. Withdraw what you want from the Roth 401k -- the rules...