Search found 728 matches

by magicrat
Mon Oct 14, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Sign on bonus and taxes
Replies: 10
Views: 902

Re: Sign on bonus and taxes

Minor point, but the supplemental rate is now 22%.
by magicrat
Fri Oct 11, 2019 7:39 am
Forum: Investing - Theory, News & General
Topic: BRK-A or BRK-B for our grandchildren?
Replies: 30
Views: 3046

Re: BRK-A or BRK-B for our grandchildren?

If they love Buffet then they should follow his advice and invest in a low-cost S&P500 index fund.
by magicrat
Thu Oct 10, 2019 2:35 pm
Forum: Personal Investments
Topic: Trad IRA worth it?
Replies: 11
Views: 831

Re: Trad IRA worth it?

Backdoor Roth?
by magicrat
Wed Oct 09, 2019 12:23 pm
Forum: Personal Investments
Topic: Where to allocate large stock sale proceeds given current allocation
Replies: 7
Views: 355

Re: Where to allocate large stock sale proceeds given current allocation

Bonds go in pre-tax (not sure if this is what you mean by tax advantaged). Invest your cash according to your 85/15 target. Do not market time. What I meant was that buying bonds in taxable would incur taxes. We are in the 37% tax bracket right now. Right. That's why you locate bonds in pre-tax.
by magicrat
Wed Oct 09, 2019 12:22 pm
Forum: Personal Investments
Topic: Implementing Investment Strategy
Replies: 10
Views: 647

Re: Implementing Investment Strategy

You should develop a plan that makes sense for you and implement it as soon as it is complete. 80/20 is not "obvious", especially if you are already nervous before even investing anything. Read up on the methodology on this site (see the wiki) and develop an investment policy statement. Also read up...
by magicrat
Wed Oct 09, 2019 12:08 pm
Forum: Personal Investments
Topic: Where to allocate large stock sale proceeds given current allocation
Replies: 7
Views: 355

Re: Where to allocate large stock sale proceeds given current allocation

Bonds go in pre-tax (not sure if this is what you mean by tax advantaged). Invest your cash according to your 85/15 target. Do not market time.
by magicrat
Mon Oct 07, 2019 1:35 pm
Forum: Personal Investments
Topic: Nervous about TLH
Replies: 33
Views: 2216

Re: Nervous about TLH

but with such a large move, I'd want to be certain I was in compliance with IRS regulations. One should aim to understand the rules regardless of transaction size. Also note there is no "compliance" issue with a wash sale (other than filing accurate taxes and maintaining an accurate basis for relat...
by magicrat
Mon Oct 07, 2019 1:32 pm
Forum: Personal Investments
Topic: Nervous about TLH
Replies: 33
Views: 2216

Re: Nervous about TLH

1. Hard to say. Personally I wouldn't TLH for $10k / $400k, but if you are able to offset short-term gains then it becomes more attractive. 2. Yes 3. Yes, VFWAX is an excellent TLH partner for VTIAX. You would be fine holding this forever (you can always TLH back into VTIAX, and/or direct dividends ...
by magicrat
Wed Sep 25, 2019 12:58 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9089

Re: Merrill Lynch Advisor wants to meet for coffee

why would you respond?
by magicrat
Wed Sep 25, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted Stock Award Benchmarks
Replies: 12
Views: 622

Re: Restricted Stock Award Benchmarks

Industry: Consumer Packaged Goods Region: Northeast Fortune 500 company: Yes Level: Senior Director Restricted Stock Awarded Per Year: 45-75% of base salary. Awarded every year. Vesting Schedule: Vests over a 3-year period. A portion of the award vests at the end of each of the 3 years. Another port...
by magicrat
Wed Sep 25, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: Buy Low, Sell High... Define High
Replies: 10
Views: 1036

Re: Buy Low, Sell High... Define High

You should sell to maintain your target AA. Both overall (stocks vs. bonds) and any sub-components (small cap etc). If you have a bunch of stuff in an asset class and no plan, you should make a plan and stick to it. All of the other questions are irrelevant in a Roth. In taxable, you would want to m...
by magicrat
Tue Sep 24, 2019 3:07 pm
Forum: Personal Investments
Topic: How many investments are enough?
Replies: 13
Views: 1119

Re: How many investments are enough?

1. I think you need an Investment Policy statement and long-term plan 2. Yes, unless it has terrible options. This is valuable tax-advantaged space. Note that a 457B is an account type, and VOO is a mutual fund. The two are not comparable. 3. I would (paying attention to tax consequences of course)....
by magicrat
Tue Sep 24, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: NY Times article - Losing an Inheritance Is Easy, Because Saying No Is Hard
Replies: 3
Views: 1543

Re: NY Times article - Losing an Inheritance Is Easy, Because Saying No Is Hard

Nothing surprising. The advice that is missing is that benefactors with large estates (or even small) should prepare beneficiaries in advance for how to handle money.
by magicrat
Tue Sep 24, 2019 1:39 pm
Forum: Investing - Theory, News & General
Topic: Chasing Average return vs. Baseline Long term Return
Replies: 1
Views: 218

Re: Chasing Average return vs. Baseline Long term Return

Wow, what a convoluted article. The author states that he is using "baseline return" to adjust for the following... 1. Always account for how inflation erodes purchasing power 2. Measure the true compound growth that people actually experience 3. Capture the idea of returns uncertainty in a simple a...
by magicrat
Tue Sep 24, 2019 1:20 pm
Forum: Personal Consumer Issues
Topic: Uber - first time user - will I get picked up
Replies: 36
Views: 3530

Re: Uber - first time user - will I get picked up

I think you'll be fine. Getting an Uber from the airport is a different story as many airports place significant restrictions on them to protect the taxi companies.
by magicrat
Tue Sep 24, 2019 11:06 am
Forum: Investing - Theory, News & General
Topic: Success without 401k or Stocks?
Replies: 51
Views: 3565

Re: Success without 401k or Stocks?

Entropy105 wrote:
Tue Sep 24, 2019 10:34 am
[ I've just kinda realized that I'll always be able to beat the market by investing in active investments like my business.
Good luck! Please come back once a year and let us know how it is going. Also be sure to measure your performance against an appropriate benchmark.
by magicrat
Mon Sep 23, 2019 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to value RSU during salary negotiation
Replies: 36
Views: 3036

Re: How to value RSU during salary negotiation

[/quote] I agree that neither are guaranteed, but it seems to me that a company would be more likely to suspend RSU awards before resorting to layoffs. This is pure speculation on my part as I have no data to back this up. [/quote] Companies would not suspend RSUs to avoid layoffs. They'd lose all o...
by magicrat
Mon Sep 23, 2019 2:29 pm
Forum: Personal Investments
Topic: Suggestions or reccomendations to rebalance my ROTH IRA Portfolio.
Replies: 7
Views: 313

Re: Suggestions or reccomendations to rebalance my ROTH IRA Portfolio.

Yeah I understand what you're saying KingRiggs but here is what I'm thinking. If I am sure that we are in a bull growth market for a particular period of time, I'd allocate and invest more into VUG. If a recession looms or the market favors value investing, then I'd invest more into a value fund li...
by magicrat
Mon Sep 23, 2019 9:51 am
Forum: Personal Investments
Topic: Current 401K does not allow rollover
Replies: 12
Views: 700

Re: Current 401K does not allow rollover

It is unlikely that you can do a rollover while employed, but almost certain you can do a rollover once you leave.
by magicrat
Fri Sep 20, 2019 1:19 pm
Forum: Personal Investments
Topic: Has anyone heard of Beta Shield?
Replies: 27
Views: 1462

Re: Has anyone heard of Beta Shield?

Selling low and buying high doesn't sound like a winning approach
by magicrat
Thu Sep 19, 2019 2:55 pm
Forum: Personal Investments
Topic: 1Mil$ Dollar-Cost Averaging is a strategy
Replies: 48
Views: 2704

Re: 1Mil$ Dollar-Cost Averaging is a strategy

Brianmcg321 wrote:
Thu Sep 19, 2019 6:17 am
Jack FFR1846 wrote:
Wed Sep 18, 2019 9:22 am
I would DCA the entire amount in the span of one day.
This.
If you buy mutual funds you really have to DCA over 2 days :)
by magicrat
Thu Sep 19, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7539

Re: How to handle "split-the-bill" group lunches?

Then, you have one person Venmo less money to the person that pays the bill on his/her credit card. KlangFool What? Do you mean you never come across folks like that? KlangFool I don't follow your statement. If you're asking about people shorting the amount owed, no I don't. If someone is short it ...
by magicrat
Thu Sep 19, 2019 12:34 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7539

Re: How to handle "split-the-bill" group lunches?

Venmo. Once person puts the bill on their credit card. Everyone else Venmos that person for what they ate + their share of the birthday girl's meal. Then, you have one person Venmo less money to the person that pays the bill on his/her credit card. KlangFool What? Do you mean you never come across ...
by magicrat
Thu Sep 19, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7539

Re: How to handle "split-the-bill" group lunches?

KlangFool wrote:
Thu Sep 19, 2019 12:25 pm
magicrat wrote:
Thu Sep 19, 2019 12:22 pm
Venmo. Once person puts the bill on their credit card. Everyone else Venmos that person for what they ate + their share of the birthday girl's meal.
Then, you have one person Venmo less money to the person that pays the bill on his/her credit card.

KlangFool
What?
by magicrat
Thu Sep 19, 2019 12:22 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 7539

Re: How to handle "split-the-bill" group lunches?

Venmo. Once person puts the bill on their credit card. Everyone else Venmos that person for what they ate + their share of the birthday girl's meal.
by magicrat
Tue Sep 17, 2019 2:52 pm
Forum: Personal Investments
Topic: Please help me invest a little sentimental mad money
Replies: 40
Views: 2501

Re: Please help me invest a little sentimental mad money

What type of things did your mom like? Maybe pick some stocks of decent companies that would remind you of her?
by magicrat
Tue Sep 17, 2019 11:38 am
Forum: Investing - Theory, News & General
Topic: What do you think about Dan Wiener
Replies: 82
Views: 5530

Re: What do you think about Dan Wiener

My opinion is that if a person is unable to quickly identify that this type of thing is nonsense, then that person should spend some time reading up on why people fall for scams, commit behavioral errors, succumb to decision biases, believes obvious lies, etc. Doing so could actually be a high ROI o...
by magicrat
Thu Sep 12, 2019 11:38 am
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 9400

Re: Too Late To Get Back Into Stocks?

I'm surprised no one has suggested dollar cost averaging back in. Choose an equity allocation per the many good suggestions above, then invest 10 percent a month or something like that. Although it's possible you want to pause a while in the months leading up to the next election so that you won't ...
by magicrat
Wed Sep 11, 2019 1:48 pm
Forum: Personal Investments
Topic: In-plan Roth 403(b) rollover from after-tax contribution
Replies: 1
Views: 125

Re: In-plan Roth 403(b) rollover from after-tax contribution

Yes, this is a megabackdoor Roth, and it is legal!
by magicrat
Wed Sep 11, 2019 9:57 am
Forum: Personal Investments
Topic: Can I downgrade to part-time?
Replies: 2
Views: 721

Re: Can I downgrade to part-time?

1. You are being overly precise. One thing I can almost guarantee is that you will not earn 5.48% every year. You should run scenarios using a range of return rates and see how often you are ok. I like using some of the scenarios in Vanguard market outlook report (see Capital Markets section): https...
by magicrat
Tue Sep 10, 2019 11:15 am
Forum: Personal Investments
Topic: Tool to manage AA when investing?
Replies: 24
Views: 1426

Re: Tool to manage AA when investing?

I use Excel
by magicrat
Mon Sep 09, 2019 1:12 pm
Forum: Investing - Theory, News & General
Topic: Investing priority over mortgage
Replies: 4
Views: 385

Re: Investing priority over mortgage

1) I don't understand what you are saying 2) You can withdraw Roth IRA contributions at any time 3) True, but why does that matter if you are in such good financial shape? 1) sorry, fixed the statement. 2,3 my conclusion as well. But want to see if I missed anything. Paying down mortgage principal ...
by magicrat
Mon Sep 09, 2019 12:48 pm
Forum: Investing - Theory, News & General
Topic: Investing priority over mortgage
Replies: 4
Views: 385

Re: Investing priority over mortgage

Personally I would do backdoor Roth before paying down mortgage. I value tax-free accounts and would not want to miss an opportunity to contribute. Per your points: 1) I don't understand what you are saying 2) You can withdraw Roth IRA contributions at any time 3) True, but why does that matter if y...
by magicrat
Mon Sep 09, 2019 11:39 am
Forum: Personal Investments
Topic: what should I be doing with my after-tax 401k contributions?
Replies: 30
Views: 2268

Re: what should I be doing with my after-tax 401k contributions?

Rollover to Roth 401k or Roth IRA if your plan allows.
by magicrat
Wed Sep 04, 2019 12:00 pm
Forum: Investing - Theory, News & General
Topic: Conceptual Q - Bonds vs Bond Funds
Replies: 19
Views: 959

Re: Conceptual Q - Bonds vs Bond Funds

ChicagoC wrote:
Wed Sep 04, 2019 9:47 am
individual bonds that have rolling maturities
How is this different than a bond fund?
by magicrat
Tue Sep 03, 2019 8:44 am
Forum: Personal Investments
Topic: Backdoor Roth Questions
Replies: 5
Views: 584

Re: Backdoor Roth Questions

Variant wrote:
Mon Sep 02, 2019 10:23 pm
Embarrassingly, I'm not sure if the account is Roth, Traditional or mixed.
There's no such thing as a "mixed" IRA. Sounds like you have a tIRA but are unsure if the contributions were deductible or not (or a combination of the two). USAA will not be able to tell you that.
by magicrat
Thu Aug 29, 2019 12:43 pm
Forum: Personal Investments
Topic: Is this a real strategy?
Replies: 17
Views: 1847

Re: Is this a real strategy?

A strategy can be both real and bad at the same time.
by magicrat
Thu Aug 29, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: Is now still a good time to buy VTSAX?
Replies: 45
Views: 3567

Re: Is now still a good time to buy VTSAX?

PackersFan12 wrote:
Thu Aug 29, 2019 10:05 am
these market conditions?
Could you please clarify what you're referring to?
by magicrat
Mon Aug 26, 2019 9:44 am
Forum: Personal Investments
Topic: Lump sum multiple bonuses next few months?
Replies: 22
Views: 1610

Re: Lump sum multiple bonuses next few months?

Do you believe you have selected an AA that is appropriate for you? If so, why would you ever want to actively deviate from your plan?
by magicrat
Fri Aug 23, 2019 8:53 am
Forum: Personal Investments
Topic: Vtsax calculation
Replies: 13
Views: 1396

Re: Vtsax calculation

Well, did you reinvest the dividends or not?
by magicrat
Wed Aug 21, 2019 1:55 pm
Forum: Investing - Theory, News & General
Topic: After-tax 401(k) Matching Statistics/Company Listings/Case Study/etc.
Replies: 25
Views: 919

Re: After-tax 401(k) Matching Statistics/Company Listings/etc.

I work for a F500 food company and we match after-tax contributions
by magicrat
Thu Aug 15, 2019 11:54 am
Forum: Personal Investments
Topic: Taxable Investment Portfolio Construction Feedback
Replies: 11
Views: 816

Re: Taxable Investment Portfolio Construction Feedback

Market timing is not logical and does not lower risk. Thousands of threads on the topic that you can search. No idea what the numbers next to the months are. 80% equities is fine, though you are already nervous so that might be too much for you. Your equity holdings are overlapping. Use Total World ...
by magicrat
Fri Aug 02, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide to refinance my home
Replies: 3
Views: 354

Re: Help me decide to refinance my home

You'll need to post the details of the new loan if you want help running the numbers
by magicrat
Sun Jul 14, 2019 3:11 pm
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 7558

Re: I think i can spend 30k on this vacation, but wife not sure

My wife and I spent 30k on safari and flew coach. Consider investing in the experience, not the flight. But definitely go!
by magicrat
Fri Jul 12, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Aftertax Earnings 401k Rollover to Roth Question
Replies: 10
Views: 621

Re: Aftertax Earnings 401k Rollover to Roth Question

I roll the earnings into tIRA because I can then roll them back into my 401k.