Bogleheads.org

lazylarry

Hi folks, Hope everyone is doing well! Had a great meeting last time with Paul from Vanguard. I did want to let everyone know, with the advent of so many local chapters going virtual (with many excellent presentations), I was going to focus use of our group to let folks know about potential other me...

lazylarry

Glad to hear you're simplifying. Inherited ira has required distribution so would put more bonds there so you can allow equity to grow tax free.

lazylarry

1) Picking funds. I was thinking of opening a Roth IRA and maxing it out since I don't expect to need the money and a taxable investment account for the remainder. Both of these accounts I would manage. My plan would be to keep both of our 401k mainly bonds. Mainly index funds in the taxable accoun...

lazylarry

I would look into: https://www.i-orp.com/Plans/index.html I think some of these answers may also be better served by knowing your goals - are you trying to generate a larger inheritance or maintain your current holdings? Would be interested to see input from other bogleheads (as I don't really know ...

lazylarry

Yes this is fine, would recommend reading the stickies and intro if you haven't already. If you are trying to approximate Total stock market, I would look at https://www.bogleheads.org/wiki/Approximating_total_stock_market Regarding "active management" funds, I don't know that these funds ...

lazylarry

Hi hope everyone is doing well and staying safe. Wanted to give an update about our next meeting (for the original Virtual chapter ;) ). Paul (from Vanguard and working in Investor Groups from Vanguard) will be presenting on Vanguard’s 2021 economic and market outlook. Should be very informative and...

lazylarry

Hi all, I'm trying to donate (relatively) larger amounts of money, e.g. 10k+ to national/international charities (e.g. unicef). However, when I try to donate online, I'm running into fairly significant processing fees (e.g. $500-1000) if I try to donate by card but can't donate by check (or I don't ...

lazylarry

Yikes, I guess I should have paid, ugh. I'll call them to double check. If so, will the irs send me another bill? Or should I try to calculate it myself to avoiding getting extra penalities? Couldnt find details on this anywhere.

Thanks all!

lazylarry

So essentially my accountant filed my taxes (saying I owe), I realized he had made a mistake which changed it from a bill to a refund (and he agreed with that). I submitted addended return and usps said it was delivered. Some time later eg. 2 months, I get bill in mail from irs for original amount. ...

lazylarry

Agreed that likely this frequent 'rebalancing' is not really necessary, so perhaps I should just slightly change the AA instead? As for the current plan, if contributions aren't enough, when my next quarterly rebalance comes around, I would sell stocks from my 401k and purchase bonds to rebalance. ...

lazylarry

Oh regarding emerging markets, I was just going off how it compared to vtiax but your rationale for emerging makes a lot of sense.

lazylarry

You are essentially rebalancing more (definitely studies showing this much rebalancing is not beneficial) and you are maintaining a higher stock allocation. Once the stock market improves, when are you going to rebalance out of stocks? 10%? 20%? 40%? And what if that happens in 5 years?10 years? Tha...

lazylarry

Nice job and welcome! 1. Yes. I'm not sure why you have a emerging markets allocation , though, I would just change that. No compelling reason. There is a breakdown of equivalents for the total stock market, I'd do it based on your funds that are low expense ratio, which I think you have done but ma...

lazylarry

Wanted to let folks know of the next meeting for Tuesday August 18th 2020 at 8pm Eastern Time- sorry for the short notice but hopefully folks will be able to attend. I'm very excited about the next topic as its an important one and hasn't been talked about much on the virtual meetings! Arun has grac...

lazylarry

Just a reminder of the below and for new members: It's been a while, but excited to announce our next presentation. Hope to see everyone there! We don't have a presenter, so I'll likely end up presenting a small part on one of the below topics and we could have a general Q&A for the senior membe...

lazylarry

Ahh sorry I had work stuff come up so couldn't do that. We'll have a meeting in 2 weeks, and I'll send out an email in a few minutes.

lazylarry

Tbh I would just not worry about the sign up bonus,it's really not that much. If you really care,
https://www.bankrate.com/investing/best ... t-bonuses/
It varies.
Most brokerages offer free trading of their own index funds so that doesn't matter too much for bogleheads.

lazylarry

Hey sorry, I've been slacking off. But yes, would folks be interested in a regular meeting? I'm thinking if I set some dates (e.g. every 3 months) then I'll be more likely to stick to it: How about: 4/7 @ 8pm 7/14 @ 8pm 10/6 @ 8pm 12/15 @ 8pm All eastern standard time If folks are interested, I'll s...

lazylarry

You should have enough for 6mo -1yr of expenses. You probably have too much in your CD and could invest more in taxable. However, I'm a little unclear why you are only investing in vfaix. I would put it in vtsax. Have you read the stickies for newbies and the bogleads guide to retirement? Those expl...

lazylarry

I think you need to do some calculations...iorp is a good one to help plan. However with your pensions + rmds (like 17k to start) based on websites=60k. I don't think you'll break your current tax bracket , making the conversion not so useful now especially. Maybe in the first few years of retiremen...

lazylarry

TomatoTomahto wrote: ↑Thu Dec 26, 2019 4:30 pm Please. Read about market timing. This is Bogleheads.

Haha I literally thought "this is bogleheads" too

But even if there is more volatility, can you market time well enough to beat just straight investing? I think the data say no. Smart people have tried and failed.

lazylarry

I think you can hit 100k. However, I would be careful in hitting this "goal" - that's assuming there is not a depression or something like that. 4% withdraw rate puts you at $4000 yearly without ss etc. On the other hand, your income bracket is low enough (and likely will be in retirement)...

lazylarry

You don't hire an advisor to get better performance from the market. You hire an advisor to invest appropriately to your objectives without making big mistakes. VPAS is cheap enough you won't make the mistake of paying too much for advice. They will put you in low cost diversified Vanguard funds at...

lazylarry

Solid portfolio obviously. Nitpicky things: Is 5% emergency fund enough for 6 no? Can u get rid of apple stock? Eg tlh. What does qqq give you over total us? I would switch out if possible. Why not roll over old employer 401k into ira and then to your current 401k. Better er. You may want to shift m...

lazylarry

Thanks all - this is definitely helpful. I'm still a little confused as to the exact timing of payments- perhaps actual example numbers help. Last year, I was paid as W2 worker from 1/18 - 12/18, with 13.5k in taxes. For this year: I was paid as a W2 worker from 1/19 - 6/19, lets say 50k with 11k wi...

lazylarry

1. You pay every quarter; in theory: Jan 15, Mar 15, Jun 15, Sep 15. My experience (based upon 25 years) is being a few days late is OK. I pay: Mar 31, Jun 30, Sep 30, Dec 31. 2. Your customer ( not "employer" ) should be withholding zero. You are responsible for paying SS & Medicare ...

lazylarry

Emergency funds: 3 - 4 months Strongly recommend 6 Debt: 13,000 mortgage (home value 170,000) Tax Filing Status: Married Filing Jointly Tax Rate: 12% Federal, and 05% State State of Residence: Oklahoma Age: 66 (Husband 68) Desired Asset allocation: balanced -- from what I have read as approaching r...

lazylarry

I'm just starting to be a 1099 worker this year and have seen some contradictory things about estimated quarterly taxes, so wanted to check: 1) I just started in June 2019. Does this mean I have to pay estimated taxes for this year? Or does that only start next tax year? I asked a question before an...

lazylarry

Hello, I’m new this site and there seems to be a wealth of member knowledge so would very much appreciate insight on how to improve my investment portfolio. I've been saving and investing (cluelessly and with little thought) for awhile, but only recently started being focused in my approach, and re...

lazylarry

Caveat that I'm not familiar with capital gains event or how the taxation of capital gains from such is taxed. Hi, after lurking for almost two years, I thought it was time to solicit some review and suggestions. Came out of a large capital event a couple of years ago and wasn't sure how long I woul...

lazylarry

You have to pay federal income and self-employment tax as a federal estimated tax payment or by federal withholding. Separately, you have to pay state income tax as a state estimated tax payment or by state withholding; the rules and due dates very by state. There is no fee for overpaying taxes. Th...

lazylarry

Not sure when you're planning on retiring. A little unclear - your income is going to "savings" - is that retirement a/c? Or a bank account? I do think it's a little risky to view the business as pure cash- it must be tied into the market somehow. But how much are you actually spending lif...

lazylarry

Hi, So I've just started being a 1099 worker this year (in July) and have a few questions so I can do my taxes accurately (for tomorrow): 1) Given that I just started being a 1099 worker, how does that work for quarterly estimated tax payments? Do I have to make up all the payments in these two quar...

lazylarry

Hi, Thanks all for this! I definitely got a better deal than I would have doing it myself. I went for 2020 Corolla : OTD $19500, which is about MSRP, car price itself was $17700 (10% of MSRP). There was about a $2000 spread between dealerships. I never went to 2nd round - nobody bit on the best 1st ...

lazylarry

Hi all, Was hoping to get some advice from those of you who are savvy when it comes to buying vehicles! I have an older car that is getting up there in miles, in need of repairs that are worth more than the car, and with a family of four wanting to upgrade to something bigger (such as a Suburban/Ta...

lazylarry

Thanks! Greatly appreciated. I'm wondering if its worth to keep pursuing this given the best price I got - apx $19.5k out the door and apx 18k for car value. So close to 19.5k MSRP for Corolla 2020 L (the LE quote was like $1000 more). I would need a car by early September at the latest I think. Don...

lazylarry

So I've been doing this - and with some atypical results that weren't really discussed (per the prior threads) so want to make sure I'm not getting tricked. I'm trying to buy a Toyota Corolla, and one dealer initially offered me an out-of the door price apx $200 above MSRP. That was the best - other...

lazylarry

Hey folks! Excited to announce our next presentation. Hope to see everyone there! We will have a well known discussant on the bogleheads forum - sscritic will be presenting "You Too Can Read Official Documents” on Tuesday June 25th at 8pm EST. The topics will encompass a variety of nuances/comm...

lazylarry

Was at a gathering of people (intended just to meet up and hang out), and ran into an investment advisor (who managed small businesses and individuals). Asked her if she knew about bogleheads and she told me that that was a "risky" strategy. :shock: After I had a solid belly laugh, I wasn'...

lazylarry

Thanks, going to try this! Question though - best time to buy car is at end of month I've heard, particularly Jun 30 as its end of quarter. Should I be emailing them mid-June? Or start now?

thanks!

lazylarry

I'd also consider if you're planning to stay with company for a while. If you get another company, you can rollover the bad 401k into a good 401k or IRA. Making the 401k the much better option in that case. Anywho you can roll this into IRA when you retire. Assuming they allow rollovers. At the same...

lazylarry

This question has really helped you in a different way - the much more major issues than mortagage is the amount in employer's stock. You need to change that to something else, bogleheadish or some more diversity, as others described. Really not good. As other said, don't unnecessarily liquidate unl...

lazylarry

Thanks, I have started to do the steps in that guide. Wow 23% off MSRP!!! I'm going to try the car out but pretty sure I just want Corolla. Not in a serious rush but would like a car in the next 2 months. I'll see what new car rates are versus the old,but seems like new is better bet. Few questions:...

lazylarry

Hey all, Looking to buy a used car - got some help earlier so figured I'd ask again. Am looking to buy a dependable car that will last (I'm pretty tied to corolla, camry or civic so would just like thoughts on those). Ideally hold until it dies. I can pay cash pretty much up front. Am not sure about...

lazylarry

I think sometime college admin boards say one thing and do other things. From my small sample size, I've seen that a better grade looks better than a worse grade,irrespective of the level. Also, the admin does not (usually) know that the honors class is or is not available - they don't have extended...

lazylarry

Balance since Dec 31, 2018 December 31 2018: $111,000 total 401K balance Today- $19,000 contribution for the year ( maxed out contribution for 2019) Balance today: $147,000. Wonder if you could backdoor Roth ? Old: American Century Retirement Date- Expense ratio of $.38 New: Fidelity Total Market I...

lazylarry

+1 as suggested by ExitStageLeft. An alternative approach may be to make future bond /stock options in the appropriate tax efficient categories or use bond dividends to purchase stocks in the taxable account, to minimize the bond percentage in taxable. This may not be possible depending on the amoun...

lazylarry

Based on what you're saying, that is pretty horrible advice. I wouldn't go back to that financial advisor (not just because I'm not a fan). -You are completely correct in that rolling it over into IRA would make backdoor Roth really difficult for you and cost-prohibitive. Not only that, I'm not sure...

lazylarry

Yeah I can't tell if you just have a German house and are a US citizen. However, if you live in Germany, there may be different indices to follow - often it's not best to follow US indices. Otherwise +1 to what Watty said. I'd only add to pay the mortgage as slowly as possible given the low interest...

lazylarry

I'm wondering if it's worth it to use i-ORP to calculate what might be the best plan. You could probably then tinker around with different numbers to put in there in terms of tax deferred and roth contributions.

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