Search found 375 matches

by Strayshot
Mon Sep 17, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Financial situation/Health checkup - Stocks vs. Real Estate?
Replies: 14
Views: 1063

Re: Financial situation/Health checkup - Stocks vs. Real Estate?

You are doing great! Is there an index alternative to fidelity growth in your 401k with a lower expense ratio? If so I would move to that. I would start selling Microsoft stock, perhaps at the 50k/year level (whatever is in long term capital gains) and buying more total stock market. You have a lot ...
by Strayshot
Sun Sep 16, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Use 401k loan to pay off student loan debt?
Replies: 8
Views: 754

Re: Use 401k loan to pay off student loan debt?

Thanks all! There are many additional complexities that aren’t worth getting into surrounding the taxable stuff but it sounds like the majority opinion is to stop the taxable contributions and just pay off the loan faster.
by Strayshot
Sat Sep 15, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Use 401k loan to pay off student loan debt?
Replies: 8
Views: 754

Re: Use 401k loan to pay off student loan debt?

Thanks for the comments so far! I don't kick off enough dividends from taxable to make a meaningful dent, I usually add around $2K a month to taxable investments. Our retirement accounts are all three-fund but my taxable is where I gamble a bit This exchange would actually free up some additional ca...
by Strayshot
Sat Sep 15, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Use 401k loan to pay off student loan debt?
Replies: 8
Views: 754

Use 401k loan to pay off student loan debt?

Hi Bogleheads, Something weighing on my mind lately had been using a 401k loan to pay off remaining school debt. Looking for advice! I am married with kids, well insured on all fronts, have a low 7-figure investment balance, very stable employment (low probability that a 401k loan would need to be p...
by Strayshot
Sat Sep 15, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: More questions on back door conversion to Roth IRA. Does order of contributions matter?
Replies: 2
Views: 154

Re: More questions on back door conversion to Roth IRA. Does order of contributions matter?

They are totally independent (a 401k and an IRA) so no, there is no order between the two. You can lump-sum your $5500 nondeductable IRA in at the beginning of the year and immediately convert to Roth regardless of anything related to 401k’s.
by Strayshot
Mon Sep 10, 2018 7:55 am
Forum: Investing - Help with Personal Investments
Topic: General check-up on retirement financial status
Replies: 22
Views: 1608

Re: General check-up on retirement financial status

Everything looks good to me, your asset allocation is a bit aggressive but you have plenty of income and assets so there is no problem (you should still be fine even with a major correction). What is your yearly expenditure? Someone mentioned earlier, but you should take a look at both Roth conversi...
by Strayshot
Mon Sep 10, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 7900

Re: My daughter's inheritance.

Somehow you managed to talk to salesmen from two horrible places: Morgan Stanley and (drumroll please!) Edward Jones who takes the cake for borderline criminal thievery of hard earned funds from unknowing victims. Do not allow these vampires access to the money. They prey on the emotionally vulnerab...
by Strayshot
Tue Sep 04, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Help evaluate my investment situation
Replies: 6
Views: 667

Re: Help evaluate my investment situation

You are doing well living much below your means and have good options in your 401k. You have $125k to invest. First, determine your asset allocation between stocks and bonds. If you have no pension, generally age in bonds or age-10 in bonds are reasonable positions. When you plan to retire can also ...
by Strayshot
Sun Sep 02, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: New and excited!
Replies: 6
Views: 918

Re: New and excited!

Since I saw this post, answers to your other questions: 1) At a 10% international allocation, it almost isn’t worth the hassle. Unless you are putting a meaningful amount into international equities (20-30%) I would prefer the simplicity of just getting international exposure through globalized us d...
by Strayshot
Sun Sep 02, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: New and excited!
Replies: 6
Views: 918

Re: New and excited!

The 28% tax bracket was a 2017 tax bracket with taxable income of $92k-$191k for a single person. You didn't provide estimated gross income or estimated modified adjusted gross income (MAGI) for 2018 or your 2018 estimated tax bracket. Corrected! Thanks bill! Are you suggesting a backdoor Roth IRA ...
by Strayshot
Fri Aug 31, 2018 7:02 am
Forum: Investing - Help with Personal Investments
Topic: I want to pry my friend away from Edward Jones
Replies: 71
Views: 7552

Re: I want to pry my friend away from Edward Jones

If she already thinks finances are complicated, it is unlikely she will just read a book and change her mind. Most people get anchored to their original salesman who showed up on their doorstep and offered to save them from the complexity of investing and are resistant to change. I would show her wh...
by Strayshot
Fri Aug 31, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Possible Fraud or Mis-management
Replies: 1
Views: 411

Re: Possible Fraud or Mis-management

Revoke access to all accounts in writing and salvage what you can. Get a lawyer to follow up in writing and then decide if you want to sue. If the advisor has no money because they are bankrupt, you may be squeezing a turnip for blood. Your goal is to remove access to the accounts. Many places (incl...
by Strayshot
Sun Aug 26, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5636

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

I think you are getting snarky replies because you have won the game. Your 3.5M cash will almost entirely support 35 years of retirement at the income level you mention without any gains or risk. You need to get it into a vehicle that will keep up with inflation, which as other posters have mentione...
by Strayshot
Sat Aug 25, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's Certified Advisors: New? Young? Okay? Please Help!
Replies: 52
Views: 3103

Re: Vanguard's Certified Advisors: New? Young? Okay? Please Help!

If they have education in a relevant field and carry the CFP designation, you can assume they are on par with others who have similar credentials and have appropriate knowledge in the field. I wouldn’t hesitate to work with a CFP with an undergrad in finance regardless of age. There is always a trad...
by Strayshot
Sat Aug 25, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: Costco Kirkland Brand Liquor
Replies: 63
Views: 8569

Re: Costco Kirkland Brand Liquor

I have been impressed with the Costco scotches, when they had the macallan distilled Alexander Murray aged/bottled 15 year a couple years back I bought a couple cases. At the 50$ price point it was a no brainer, unfortunately I am now running low.....I would give any of the Costco scotches a try wit...
by Strayshot
Fri Aug 24, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Young Pharmacist With No Clue What To Do
Replies: 32
Views: 3098

Re: Young Pharmacist With No Clue What To Do

https://www.bogleheads.org/wiki/Prioritizing_investments Will help you figure out what accounts you should contribute to in what order. I would max your Roth, max your workplace 401k at the 18500 limit, and put anything remaining towards your loans. Unless any part of your 90k cash is for a home do...
by Strayshot
Thu Aug 23, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Check in - more details this time.
Replies: 12
Views: 1003

Re: Check in - more details this time.

Personally, if I were you with 50k cash on hand, I would do these things: 1) Pay off auto loan tomorrow 2) Pay off HELOC tomorrow 3) Crank 401(k) contributions to the max Now all the hard work is done, the decisions have been made. You have a $14k emergency fund, and greatly increased cash flow. De...
by Strayshot
Thu Aug 23, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8660

Re: Edward Jones rep door knocking

As for the TJCA, as far as I know, it is not in the tax legislation but in the footnote of a conference report. http://www.tennlaw.com/05/backdoor-roth-ira-contributions-after-tax-reform/ I am simply being cautious when I said it is “not universally accepted.” I am not sure what more you are lookin...
by Strayshot
Thu Aug 23, 2018 7:02 am
Forum: Forum Issues and Administration
Topic: Rating system for posts/posters ?
Replies: 60
Views: 2527

Re: Rating system for posts/posters ?

This is the internet, if you don’t like it or it doesn’t interest you, don’t read it. Last thing I want to see bogleheads turn into is a social media nightmare with convoluted rating systems and reviews, even more convoluted filtering and display of content due to aforementioned ratings and reviews,...
by Strayshot
Thu Aug 23, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8660

Re: Edward Jones rep door knocking

I would not completely discount a person who did not mention backdoor Roth IRA as it is not a universally accepted method. (I would say a vast majority has accepted it.) Please clarify what you mean by “not universally accepted”? The “backdoor Roth” is a core pillar of tax efficient retirement inve...
by Strayshot
Tue Aug 21, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8660

Re: Edward Jones rep door knocking

he also explained to her that she blew past her max 401k savings last year and needs to not put in more than the max. he also told them they were not eligible for the Roth IRA they set up and need to stop contributing to that as well. obviously, he was helpful from the beginning. but... If being un...
by Strayshot
Tue Aug 21, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Question from an FA
Replies: 12
Views: 1351

Re: Question from an FA

I guess if it were me, I would take the Edwards Jones guy out to lunch and ask how he is getting leads on clients. Then I would start doing that. In my experience places to find people who don’t know how to manage money and can get suckered into having a financial advisor are all over, you just need...
by Strayshot
Mon Aug 20, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: The more I learn the less I know: general checkup, lots of questions.
Replies: 19
Views: 2666

Re: The more I learn the less I know: general checkup, lots of questions.

Thoughts after reading your post: Your investments are in my opinion overly conservative. If you look up the target date fund it will tell you the approximate mix of asset classes inside that -25% of your portfolio. The very first thing I would do is just sell the TIPS alltogether and put it into th...
by Strayshot
Thu Aug 16, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2415

Re: Portfolio Review/How are we doing?

Klangfool, I have to admit I am not sure what point you are trying to make? The point of saving money now is to have a larger amount of money at a future point in time. I guess I don’t get the point about OP’s employment status and the relevance to saving for college. OP has a plan, if for some reas...
by Strayshot
Wed Aug 15, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2415

Re: Portfolio Review/How are we doing?

If 6% is a big deal, why 10% tax penalty is not a big deal. OP's wife will retire early at 55 years old. OP will retire at 59 years old. It is very simple. OP and his wife will retire early before the kid goes to college or during college. A) The income will drop and may qualify the kid for financi...
by Strayshot
Wed Aug 15, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2415

Re: Portfolio Review/How are we doing?

At 22% tax bracket, your tax benefits are minimal compared to putting money into the taxable account. They would save 6 percent state tax right off the bat (up to $16k annual 529 contributions) and eliminate tax on dividends and capital gains compared to taxable if the savings and earnings are used...
by Strayshot
Mon Aug 13, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/How are we doing?
Replies: 24
Views: 2415

Re: Portfolio Review/How are we doing?

Does your 529 offer a state tax exemption up to a certain amount of yearly contribution? How much of the taxable is ltcg vs stcg? I would probably look at maxing the 529 up to the tax exempt threshold using taxable sales that only have ltcg for a couple of years until it is in the 30-40k range and t...
by Strayshot
Mon Aug 13, 2018 7:03 am
Forum: Personal Consumer Issues
Topic: Unlocked iPhone on eBay or Amazon?
Replies: 22
Views: 1423

Re: Unlocked iPhone on eBay or Amazon?

Buy from a seller with excellent feedback through PayPal on eBay and you will be fine. Those sellers are so worried about negative feedback they will bend over backwards to make things right if something is not as described. As soon as you get the phone spend an hour or so going through features and...
by Strayshot
Sat Aug 11, 2018 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: 32 yrs old, lost, and needing guidance
Replies: 29
Views: 2749

Re: 32M lost and needing guidance

I think you are doing fine. You spend 80-90k a year. You make ~200k after tax. You should be able to save at least 50-70k a year in a mix of tax advantaged and taxable accounts. You have term and disability and at least 1 new and reliable vehicle. You already refinanced your medschool loans. You hav...
by Strayshot
Fri Jul 27, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Major Life and Home Expenses
Replies: 4
Views: 821

Re: Major Life and Home Expenses

I wouldn't worry about the vehicle, as rates are low enough (even for used vehicles) that you can finance the 25-50K you would spend on a cooler looking but generally less functional odyssey (the pilot) so you don’t need cash sitting around. Of what you listed the roof is the biggest expense that wi...
by Strayshot
Wed Jul 04, 2018 9:02 am
Forum: Personal Consumer Issues
Topic: What to add to the baby registry?
Replies: 20
Views: 1337

Re: What to add to the baby registry?

Essentials: Nose Freda Chicco bravo travel system with extra keyfit bases as needed Fisher price rock and play Ergobaby 360 with infant insert Dr Browns bottles Medela pump system in the travel bag Dr Browns bottle warmer Graco pack and play with the diaper changing platform (use the rock and play f...
by Strayshot
Wed Jun 20, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Behind the 8-Ball at 36
Replies: 13
Views: 3289

Re: Behind the 8-Ball at 36

On the topic of international allocation, there ate 2 schools of thought. Some like Jack Bogle and Warren Buffet argue that American companies have such a globalized presence that there is no need to diversify in specific international and ex-us funds because diversity is already present in those co...
by Strayshot
Wed Jun 20, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Behind the 8-Ball at 36
Replies: 13
Views: 3289

Re: Behind the 8-Ball at 36

Congrats on the new addition and thank you for your service! 1) the best fund for a set it and forget it approach is a target date fund with a low expense ratio. Given you want to retire at 55, something like VFORX target date 2040 would be a reasonable choice. The next best option is establishing a...
by Strayshot
Sat Jun 02, 2018 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Any aerospace engineers? Pros v. cons of working for NASA v. private sector
Replies: 50
Views: 4922

Re: Any aerospace engineers? Pros v. cons of working for NASA v. private sector

Someone earlier mentioned FFRDC’s, I will put in a vote for Sandia National Laboratories and Los Alamos National Laboratory in New Mexico. I believe that Sandia was named highly in Forbes Best places to work and was like the #1 for Aerospace and Defense companies (ahead of NASA and several other Aer...
by Strayshot
Thu May 31, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: get sued for posting nagative online review?
Replies: 64
Views: 7494

Re: get sued for posting nagative online review?

The root cause problem here is lawyers and their willingness to represent anyone for anything as long as money is involved combined with our judicial system enabling anyone to sue anyone else for any reason and forcing that lawsuit to enter the system before being thrown out by a judge. I got dragge...
by Strayshot
Sat May 26, 2018 7:43 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 190
Views: 22561

Re: High End Wrist Watches (Gone Crazy)

It always fascinates me that so many people feel the need to barf on any thread that talks about high end watches. "I use my phone" "I don't wear a watch" "A $10 Timex tells time better" Yeah, we get it. You started this thread to claim you might get an IWC, and then finished it with a huge picture...
by Strayshot
Fri May 18, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Nephew graduating high school & joining military. Gift Ideas?
Replies: 29
Views: 1799

Re: Nephew graduating high school & joining military. Gift Ideas?

Depends what you want to spend...... Electronics are good, either a tablet if you want to go inexpensive (fire from amazon) or an iPad or if you want to go expensive get him a laptop and if you go really expensive get him a gaming laptop. Otherwise I would get him a watch. The Casio g shocks are pop...
by Strayshot
Wed May 16, 2018 8:42 pm
Forum: Personal Consumer Issues
Topic: Unique Phone Apps that you find yourself using most often?
Replies: 46
Views: 6463

Re: Unique Phone Apps that you find yourself using most often?

batpot wrote:
Wed May 16, 2018 2:13 pm
Feedly is great for news feeds, but I mostly just use it for reddit
Another vote for Feedly!!! No way I could keep up on all my blogs across devices without it. Feedly and Fidelity are my 2 most used apps (aside from the browser). I live in a device iWorld just FYI :sharebeer
by Strayshot
Sun May 13, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: First Post - On my feet?
Replies: 16
Views: 2435

Re: First Post - On my feet?

The individual stock fund I know is blasphemy on this forum, but dividend stock investing interests me. I'll get there eventually. It’s not blasphemy, it doesn’t work (reference Jack Bogle and countless others work on the fallacy of active management, both philosophically and empirically). Anyone w...
by Strayshot
Sat May 12, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: First Post - On my feet?
Replies: 16
Views: 2435

Re: First Post - On my feet?

1) Your portfolio looks great, you did your homework before posting. You don’t have the simplicity of a 3 fund, but if you are ok with the volatility of the small/mid tilt you should be fine. 2) I don’t think the tax benefit is worth the single stock risk, I would sell and incorporate into your AA. ...
by Strayshot
Thu Mar 29, 2018 7:23 am
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 7231

Re: Question for physicians-- is my taking call worth it?

Off topic and political, mods should remove this comment. I won’t leave a scathing response about how skewed this perspective is because I don’t want to derail the thread. The comment is no more political or non-germane than the many farcical insinuations in this thread that uninsured patients show...
by Strayshot
Tue Mar 27, 2018 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Guidance on beginning for investments
Replies: 10
Views: 1282

Re: Guidance on beginning for investments

2. My husband has very recently started trading again and invested 50k in it but that’s a short term plan. Looking for suggestions long term investment plans, for the lower 6 figures we have in our checking accounts. 3. Would it be better moving the money from our checking accounts to online banks ...
by Strayshot
Tue Mar 27, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 7231

Re: Question for physicians-- is my taking call worth it?

I'm not a doctor, but to those of you saying it's not worth it, what if every <fill in type of specialist> in the area declined to take any calls from the county hospital? Shouldn't the poor have access to emergency care? I think it would be more fair if all the doctors of a specialty decided they ...
by Strayshot
Thu Mar 22, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Cancelled car insurance before leaving on extended trip, now premiums tripled
Replies: 13
Views: 3007

Re: Cancelled car insurance before leaving on extended trip, now premiums tripled

Before leaving on extended trip I cancelled my insurance. Now that I returned after 11 months my insurance company which I used for many years wont write a policy because they pulled out of state where I reside. That left me obtaining quotes from other insurance companies and to my surprise least e...
by Strayshot
Mon Mar 19, 2018 10:38 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 148
Views: 13753

Re: What is your favorite reasonably priced bourbon?

I guess “reasonably priced” is as subjective as anything else, but in my opinion nearly all commercially available bourbons are reasonably priced. It is tough to find bottles that exceed about $100, and even then if you break $150 you are in to some crazy stuff like high end Stagg at 800+ a bottle. ...
by Strayshot
Mon Mar 19, 2018 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 18461

Re: Bought house six months ago - now feeling like we're treading water and can't save money

Drop the charitable donations. This times infinity. Way too high, it doesn’t matter how much good you are doing for others if you are screwing yourself in the process. If nothing else, lower this to $100 a month or something rather than dropping it with a personal commitment to raise it back up as ...
by Strayshot
Fri Mar 16, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: help! I want to treat heirs equally
Replies: 38
Views: 5643

Re: help! I want to treat heirs equally

Well, for securities when you die you use a stepped-up cost basis for the inherited amount. Following that logic, I would give cash to the second child equal to the appraised value of the appreciating item on your death. For items that lose value or are consumed, I would allocate funds based on the ...
by Strayshot
Wed Mar 14, 2018 6:26 am
Forum: Investing - Help with Personal Investments
Topic: Lost job and need to roll over my 401k
Replies: 8
Views: 1294

Re: Lost job and need to roll over my 401k

If you don't currently have a traditional IRA, it may be worthwhile for you to rollover into a Roth IRA (i.e transfer directly and do the conversion in one step). Given the size of the amount it shouldn't be a lot of tax. This is particularly true if you ever envision utilizing a backdoor Roth IRA,...
by Strayshot
Fri Mar 09, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9977

Re: Can I take an 85+% pay cut for fun?

Why not start planning the change now and set a date for 3 years from now. You can continue to work in 3 years of the lowest personal tax environment we will probably see ever going forward and the excitement of a known date should help keep you motivated. You will build a better cushion and can tak...
by Strayshot
Wed Feb 28, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Inherrited trust - forced to use AUM advisor
Replies: 5
Views: 652

Re: Inherrited trust - forced to use AUM advisor

Do you mean .08% as you typed or do you mean .8% (which is much closer to the 1% AUM charged by most “advisors”)? If you are being charged .08% you have found the cheapest advisor ever! Only cheaper and reasonable alternative I am aware of would be the Vanguard PAS (personal advisory service) which ...