Search found 24 matches

by FuzzyButtons
Tue Feb 23, 2016 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Way to avoid 60 day repayment of 401(k) loan when leaving job?
Replies: 4
Views: 858

Re: Way to avoid 60 day repayment of 401(k) loan when leaving job?

Your original understanding is the same as what the IRS publishes. https://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-Loans#4 If you don't pay it back in 60 days, it is considered a distribution. The IRS does talk about paying it back in full if you want to reverse the deemed dist...
by FuzzyButtons
Tue Feb 23, 2016 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Way to avoid 60 day repayment of 401(k) loan when leaving job?
Replies: 4
Views: 858

Way to avoid 60 day repayment of 401(k) loan when leaving job?

It has always been my understanding that if you have an active loan from the 401(k) plan of your employer when you leave service, you have 60 days to pay back that loan or the remaining balance will be considered a distribution subject to income tax and penalty, if appropriate. But I have a coworker...
by FuzzyButtons
Thu Dec 10, 2015 10:11 am
Forum: Personal Investments
Topic: Maxing 401k as quickly as possible?
Replies: 13
Views: 1054

Re: Maxing 401k as quickly as possible?

Nothing wrong with maxing it out early if your spouse's plan allows you to contribute enough per check to do it, and if there isn't an employer match tied to each check, and if you have the savings to cover any emergencies that might come up in the meantime. In general, in the market sooner works ou...
by FuzzyButtons
Mon Sep 28, 2015 10:45 am
Forum: Investing - Theory, News & General
Topic: A better Permanent Portfolio?
Replies: 39
Views: 6774

Re: A better Permanent Portfolio?

Yes, if you replace the 25% cash allocation of the Permanent Portfolio with stocks instead, you will get higher returns with more volatility. Though you might instead divide evenly at 33/33/33 between all three classes. After all, the idea is that these are uncorrelated assets that move in ways that...
by FuzzyButtons
Thu Aug 27, 2015 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: What is Your Plan B if Quicken dies? [Intuit selling Quicken unit]
Replies: 105
Views: 18625

Re: What is Your Plan B if Quicken dies?

I moved from Quicken to QuickBooks a number of years ago and never regretted it. QuickBooks has much greater functionality and customizability (if you are willing to invest some time in learning it). Is Quickbooks as advanced as Quicken or Mint for personal budgeting / cashflow? If so, I would cons...
by FuzzyButtons
Mon Aug 17, 2015 10:53 am
Forum: Personal Consumer Issues
Topic: Greatest money lesson movie
Replies: 71
Views: 10798

Re: Greatest money lesson movie

An episode of Saved by the Bell before it was called that had the kids learning about the stock market. http://www.tv.com/m/shows/good-morning-miss-bliss/wall-street-34124/ It was 1988. The lesson plan had the children buy real stocks for $2 and see how it performs. Zack needed some quick money and...
by FuzzyButtons
Mon Aug 17, 2015 10:47 am
Forum: Personal Investments
Topic: Is Savings rate better calculated via Gross or Net?
Replies: 23
Views: 11201

Re: Is Savings rate better calculated via Gross or Net?

I think most of the ER sites use net savings rate as their comparison number. This is more because it's quicker to calculate, and since savings rate is just a rule-of-thumb you might as well go for the fast and easy route. But I think savings rate only has meaning if you are using it to predict how ...
by FuzzyButtons
Tue Aug 11, 2015 8:41 am
Forum: Personal Consumer Issues
Topic: Interesting comment from a gold/silver dealer today
Replies: 27
Views: 3022

Re: Interesting comment from a gold/silver dealer today

cheese_breath wrote:I'm getting a cat. I can stare at it and play with it, and it stares back.
At least gold has a chance of appreciation. I've owned cats for years and as far as I can tell they've never appreciated anything. :P
by FuzzyButtons
Fri Jul 10, 2015 10:17 am
Forum: Personal Consumer Issues
Topic: Worst financial book you have read (or will admit you have read)
Replies: 94
Views: 23334

Re: Worst financial book you have read (or will admit you have read)

I don't recall the title, but when I was first starting out in investing in the 80's, I read a book that recommended a simple rule of thumb for asset allocation: If the 10 year US T-note rate is above 10%, you should be 80% invested in bonds, 20% in stocks. If it's below 10%, you should flip it, an...
by FuzzyButtons
Thu Jun 18, 2015 8:20 am
Forum: Personal Investments
Topic: GTU and PHYS takover offer
Replies: 21
Views: 3478

Re: GTU and PHYS takover offer

Has anyone ever filled-out the tax form for GTU or PHYS that allows gains to be taxed as capital gains rates? I am wondering if this is an uncomplicated process. I only hold shares within my IRA, specifically so that I can avoid the paperwork needed for tax filings. GTU at least is a Passive Foreig...
by FuzzyButtons
Wed Jun 17, 2015 3:08 pm
Forum: Personal Investments
Topic: GTU and PHYS takover offer
Replies: 21
Views: 3478

Re: GTU and PHYS takover offer

My impression is that Sprott is trying to make a quick buck with some arbitrage here. No, Sprott is just trying to take over an extra $850M in assets for his business and charge everyone 0.5% indefinitely. Of that, 0.35% is management costs for Mr. Sprott's excellent marketing services, while about...
by FuzzyButtons
Wed Jun 17, 2015 2:13 pm
Forum: Personal Investments
Topic: GTU and PHYS takover offer
Replies: 21
Views: 3478

Re: GTU and PHYS takover offer

You can read the other side of the arguments from management: http://www.marketwired.com/press-release/central-gold-trust-responds-misleading-statements-from-sprott-continues-recommend-that-tsx-gtu.un-2029840.htm Yes, GTU has a worse discount now (although traded at a 5-10% premium until the last y...
by FuzzyButtons
Thu Jun 04, 2015 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Getting money out of an IRA
Replies: 6
Views: 1071

Re: Getting money out of an IRA

2. Is there a way to get funds out of a traditional IRA to pay off a HELOC without that money being counted as taxable income? For reference, the mortgage + HELOC debt is equal to about 33% of the total value of the home. No, there is no way to get funds out of a traditional IRA without it counting...
by FuzzyButtons
Tue Apr 07, 2015 9:12 am
Forum: Personal Consumer Issues
Topic: Battery or Gas Lawn Mower
Replies: 33
Views: 5546

Re: Battery or Gas Lawn Mower

I bought a Kobalt 40-Volt Lithium Ion Mower last spring and used it all last year. My yard takes about 75 minutes to mow. On the upside, it gets rid of the three things I always hated about mowing: noise, vibration, and smell of gasoline. Sounds more like a model helicopter than a lawn mower. It als...
by FuzzyButtons
Thu Mar 19, 2015 5:58 pm
Forum: Personal Investments
Topic: Lowest income at which able to Max 401k and IRA
Replies: 31
Views: 5111

Re: Lowest income at which able to Max 401k and IRA

My gross salary is 72k, and as of last year I'm now maxing my 401(k), Traditional IRA, and HSA. I'm single and my expenses are pretty low, so that's fairly close for me. But I'm sure many people are more frugal than me and can do it even lower. I couldn't do it if they were Roth contributions, but t...
by FuzzyButtons
Wed Feb 25, 2015 10:58 am
Forum: Personal Investments
Topic: 401(k) Age 55 Distribution with Interrupted Service
Replies: 14
Views: 1112

Re: 401(k) Age 55 Distribution with Interrupted Service

My understanding is that any money in the 401k when you separate, in or after the year you reach 55, is fair game. I looked for some confirmation of that, however, and did not find any. It could be one of those things that is ok simply because it is not prohibited. If so, it could be difficult to f...
by FuzzyButtons
Wed Feb 25, 2015 7:57 am
Forum: Personal Investments
Topic: 401(k) Age 55 Distribution with Interrupted Service
Replies: 14
Views: 1112

401(k) Age 55 Distribution with Interrupted Service

I've been employed with my current company from 1994-2010 and 2012-today. I have contributed to my 401(k) plan during this entire time, and I did not roll it over to an IRA during the time I was not employed. As a consequence, I have a single 401(k) for all my contributions and earnings, both before...
by FuzzyButtons
Tue Jan 13, 2015 8:23 am
Forum: Personal Investments
Topic: Dazed, Confused and Upset
Replies: 70
Views: 10879

Re: Dazed, Confused and Upset

I convinced my gf to move her holdings from EJ earlier this year. Just like the OP, the funds she was in were 5.75% front end load, and over 1% ER. But it took awhile going through the statements to figure out where that front end load was being assessed. As others have said, it wasn't a line item. ...
by FuzzyButtons
Tue Dec 23, 2014 1:57 pm
Forum: Personal Investments
Topic: 31 years old, just sold my business, early semi-retirement?
Replies: 39
Views: 7158

Re: 31 years old, just sold my business, early semi-retireme

Before you put a significant portion of your assets into one REIT, O, look at this chart comparing it to ARCP. You may be better off with a REIT fund rather than an individual REIT. https://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chfdeh=0&chdet=1419368400000&chddm=98...
by FuzzyButtons
Wed Dec 10, 2014 10:47 am
Forum: Investing - Theory, News & General
Topic: Poll: Your Portfolio Tax Diversification
Replies: 45
Views: 4443

Re: Poll: Your Portfolio Tax Diversification

I picked "Traditional Only", though I do have about 10% in Roth contributions. So, 90/10 would be the best pick if it was there. I'm surprised I was the first to pick this option, since I figure most people who have investments just use the company provided 401(k). Obviously, bogleheads are more ded...
by FuzzyButtons
Tue Dec 09, 2014 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Have you ever been let go?
Replies: 74
Views: 8369

Re: Have you ever been let go?

Laid off three times in two years from 2010-2011. Had 15 years at the first company when a new CEO did the first round of layoffs, from which I was spared. That was an eye-opener. I looked at my savings and figured I had enough to last about 45 minutes. I honestly did not realize I'd been living pay...
by FuzzyButtons
Mon Dec 08, 2014 10:40 am
Forum: Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 131
Views: 24795

Re: What to do with VGPMX?

FlyingMoose wrote:
FuzzyButtons wrote:The long term return of gold tends to be zero, when adjusted for inflation.
That's why I invested in a fund of miners, which pay dividends, instead of physical gold or a gold ETF.
Fair enough. :beer
by FuzzyButtons
Mon Dec 08, 2014 10:04 am
Forum: Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 131
Views: 24795

Re: What to do with VGPMX?

If I sell VGPMX at a loss, I will have taken the risk without getting the reward. That's the thing about risk. Sometimes there is no reward. :P As others have said, evaluate why you have this in your portfolio and whether it still meets the needs for which you picked it. It sounds like you wanted s...
by FuzzyButtons
Fri Dec 05, 2014 12:38 pm
Forum: Investing - Theory, News & General
Topic: An intriguing gold/silver play: Central Fund of Canada
Replies: 13
Views: 1989

Re: An intriguing gold/silver play: Central Fund of Canada

Agreed that this discount (along with the 10% discount in the all-gold sister fund GTU) has been present for a long time, and is likely to continue as long as the look for gold is bearish. However if you plan to own gold in your portfolio for the long term and are currently looking to purchase a fun...