Search found 61 matches

by masrepus
Fri Nov 20, 2020 7:33 pm
Forum: Personal Investments
Topic: Help deciding between bond funds in 401k
Replies: 4
Views: 497

Help deciding between bond funds in 401k

Hi all, has anyone used the funds below or have any insights on them as a portion of your fixed income? Within my 401k I currently use a 3-fund portfolio: SP500, Total Intl and Total Bond, all from VG but at Institutional Trust Class. The 401k has some other bond funds, but I wasn't sure how to comp...
by masrepus
Wed Nov 11, 2020 9:18 am
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 236
Views: 22736

Re: Tesla becomes most valuable car company in the world

I think the Tesla cars are cool and I hope the technology is here to stay. I think there is still a way to go. My father-in-law purchased one a while back. We went to pick it up. The one thing that stood out? When the sales guy said you have to read and agree to this screen. I cannot hit the accept ...
by masrepus
Wed Nov 04, 2020 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1693
Views: 246080

Re: Fidelity as a one stop shop

I think when you make the sell, you get an unsettled cash balance. But you can make purchases with the balance. It all settles in a couple days.
by masrepus
Thu Oct 29, 2020 10:17 pm
Forum: Personal Investments
Topic: What's the consensus on Employee Stock Purchase Plans?
Replies: 51
Views: 2057

Re: What's the consensus on Employee Stock Purchase Plans?

All four of the companies I worked for with ESPP all had the same restrictions on not being allowed to short sale or put options. A big no-no. For me ESPP is a great short-term savings with little risk. Buy at 15% below market price. You pay in over 6 months and sell immediately to get your money. S...
by masrepus
Tue Oct 20, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: CalPers offers MetLife Legal Plan
Replies: 8
Views: 1039

Re: CalPers offers MetLife Legal Plan

It's a nice program. Through my Megacorp insurance it was 208.00. I have used it for speeding tickets, real estate lawyer, wills and trusts. Only the real estate lawyer cost me more, 50.00, but that was from a title search or something. Easy to use. Find a lawyer on their website, get a case number ...
by masrepus
Sun Oct 18, 2020 9:53 pm
Forum: Personal Investments
Topic: Backdoor Roth and a Large Traditional IRA
Replies: 14
Views: 784

Re: Backdoor Roth and a Large Traditional IRA

Same for me, rolled a couple rollover IRAs into my 401k to free up the backdoor Roth. About 950k worth. The bulk was in Vanguard funds which had cheaper versions in the 401k, so that was a no-brainer. As mentioned, few phone calls, a little paperwork and all done quickly.
by masrepus
Thu Oct 15, 2020 10:32 pm
Forum: Personal Investments
Topic: Transferring Vanguard Taxable Account to Fidelity
Replies: 9
Views: 1035

Re: Transferring Vanguard Taxable Account to Fidelity

I don't think there are any fees at Fidelity for holding Vanguard funds. The fees are on buying Vanguard funds. Buying Vanguard mutual funds incurs the 75.00 fee but buying ETFs is free. So you can keep the funds, but if you want more then you should buy ETFs. Convert beforehand if you want all shar...
by masrepus
Fri Sep 25, 2020 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1693
Views: 246080

Re: Fidelity as a one stop shop

Are you sure you can't use the money immediately after the transfer request? In my case it shows processing and not settled but I can use the money right away to buys shares.
by masrepus
Fri Sep 25, 2020 8:24 am
Forum: Personal Investments
Topic: Looking for 529 plans with Vanguard Index Funds as 100% of holdings and lowest total fees
Replies: 28
Views: 1705

Re: Looking for 529 plans with Vanguard Index Funds as 100% of holdings and lowest total fees

I believe the NY 529 comes close to your request. They use the basic four vanguard fund indexes at 0.13 ER. They have age based options based on the four funds. Or options for just stocks or bonds at the ratios you choose, though they may not be individual, lkke the stock option is a 60/40 of Total ...
by masrepus
Mon Sep 21, 2020 7:46 pm
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 32
Views: 2375

Re: Strategies for scenarios when using taxable with no EF

Around cash flow, this is what I do: My paychecks go into my taxable brokerage account. Once a month I transfer next months expenses into my CMA, and pay all bills from the CMA account. So I hold 1-2 months cash at any given time, but I have no other Emergency Fund. My job is very stable, and don't...
by masrepus
Mon Sep 21, 2020 12:27 pm
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 32
Views: 2375

Re: Strategies for scenarios when using taxable with no EF

I like U.S. Savings Bonds for 'taxable' account and emergency fund. There is a one-year holding period before they can be redeemed (although that has been waived in certain crises/emergency situations), but after that it's a great EF. Effectively they work like additional tax-deferred space for up ...
by masrepus
Mon Sep 21, 2020 8:09 am
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 32
Views: 2375

Re: Strategies for scenarios when using taxable with no EF

I like U.S. Savings Bonds for 'taxable' account and emergency fund. There is a one-year holding period before they can be redeemed (although that has been waived in certain crises/emergency situations), but after that it's a great EF. Effectively they work like additional tax-deferred space for up ...
by masrepus
Sat Sep 19, 2020 11:18 pm
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 32
Views: 2375

Re: Strategies for scenarios when using taxable with no EF

masrepus, I have about 500K of stock in my taxable account but I keep 120K ( 2 years ) of EF in CASH. I have been unemployed for more than 1 year a few times. I do not need additional stress in selling my investment at a loss in order to feed my family while I am unemployed. Have you ever been unem...
by masrepus
Fri Sep 18, 2020 6:14 pm
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 32
Views: 2375

Re: Strategies for scenarios when using taxable with no EF

I think if you have $500k in taxable and want to go all stock index funds with just a checking account, you'd likely be fine. Even a 50% drop leaves you with $250k. Is your thinking 500k is a minimum for a taxable with no EF? Or is that just an example? In my case I was thinking 100k as the start. ...
by masrepus
Fri Sep 18, 2020 6:11 pm
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 32
Views: 2375

Re: Strategies for scenarios when using taxable with no EF

Thanks everyone for the responses. The general feeling so far is most of my concerns are just the way it is. You need money you sell. Having a taxable just gives you options, but you still have to have your plan. - wait 12 months before selling anything in taxable to get the LTCG. TLH. Avoid wash sa...
by masrepus
Fri Sep 18, 2020 4:14 pm
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 32
Views: 2375

Strategies for scenarios when using taxable with no EF

Hi all, I was curious what strategies and comments others have about when to sell or how to use the money in a taxable when used in place of an emergency fund. That being said, it might be that I am thinking more cash flow rather than EF. - I am at a point where my taxable is about twice my 6 months...
by masrepus
Tue Aug 25, 2020 1:42 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 12
Views: 1343

Re: Portfolio Review Please

Thank you to everyone that replied in this thread with advice. I wanted to post a followup to my Rollover IRA to 401k to free up the backdoor Roth option. In my case I wanted to end up at Fidelity because most of my accounts are there already. I had a large Rollover IRA at Vanguard invested in the b...
by masrepus
Thu Aug 13, 2020 9:16 am
Forum: Personal Investments
Topic: RIRA --> 401K to facilitate Backdoor Roth IRA conversion??
Replies: 14
Views: 975

Re: RIRA --> 401K to facilitate Backdoor Roth IRA conversion??

More details, for me it was easiest. The 401k will only take a check, so I would have to actually call Vanguard and they would liquidate and mail out a check. But with transferring to Fidelity I could do it with a few clicks online and everything transferred in kind so no out of market time. The tra...
by masrepus
Wed Aug 12, 2020 9:17 pm
Forum: Personal Investments
Topic: RIRA --> 401K to facilitate Backdoor Roth IRA conversion??
Replies: 14
Views: 975

Re: RIRA --> 401K to facilitate Backdoor Roth IRA conversion??

Any reason not to do this yesterday? No. Start the process tomorrow. I'm starting to wish I figured this out before July 15th! Yep, I was lucky to ask the same question the first week of July and another BH'er said the same - contribute the 6k for 2019 before the 15th and work on moving the rollove...
by masrepus
Wed Aug 12, 2020 9:42 am
Forum: Personal Investments
Topic: Using Taxable to Spend
Replies: 22
Views: 2290

Re: Using Taxable to Spend

Isn't the point of investing to eventually spend money? Why would you not spend from taxable? I am still in accumulation so I do not generally spend from any investment accounts, but would do so if needed. Once retired, taxable account dividends would probably be at the top of the withdrawal list s...
by masrepus
Sun Aug 02, 2020 9:42 am
Forum: Personal Investments
Topic: What contributions % to 529s for four children of different ages for optimal growth
Replies: 12
Views: 918

Re: What contributions % to 529s for four children of different ages for optimal growth

aristotelian wrote: Sun Aug 02, 2020 8:08 am It really doesn't matter since you can move money back and forth between beneficiaries.
Thanks aristotelian. Agreed. Same as the other posts from others. There is more flexibility here than I thought, so I can continue on the path I am on.
by masrepus
Sun Aug 02, 2020 9:40 am
Forum: Personal Investments
Topic: What contributions % to 529s for four children of different ages for optimal growth
Replies: 12
Views: 918

Re: What contributions % to 529s for four children of different ages for optimal growth

Thanks in advance, Mas Hi Mas, Good on you for investing in their future! You didn't ask this or mention it in your post, but the first parameter I would try to estimate is the expected cost of attendance. There are many variables in play here, but suffice it to say that a common metric is to expec...
by masrepus
Sun Aug 02, 2020 9:32 am
Forum: Personal Investments
Topic: What contributions % to 529s for four children of different ages for optimal growth
Replies: 12
Views: 918

Re: What contributions % to 529s for four children of different ages for optimal growth

If you're not sure what to do, I don't think it's a bad idea at all to just split it equally among all the plans and call it a day. As time goes by and you see how things are working out, you can always shift the money among the various 529 plans, thus shifting the AA. There are lots of opinions an...
by masrepus
Sat Aug 01, 2020 5:48 pm
Forum: Personal Investments
Topic: What contributions % to 529s for four children of different ages for optimal growth
Replies: 12
Views: 918

Re: What contributions % to 529s for four children of different ages for optimal growth

I will not intentionally allow the plans to become unfair to any of the four. Broken Man 1999 I don't think unfair comes into this question. Each kid will have their college paid for as best as possible. At least hopefully. I think I am thinking I am going to have to true up the first kids fees no ...
by masrepus
Sat Aug 01, 2020 5:14 pm
Forum: Personal Investments
Topic: What contributions % to 529s for four children of different ages for optimal growth
Replies: 12
Views: 918

Re: What contributions % to 529s for four children of different ages for optimal growth

When I first funded the 529s I was thinking the oldest would be going to school first so I put a larger percentage there. I didn't really think of the tax-free growth being better for the younger children. Unless you put everything into fixed return investments, anything you choose now will likely ...
by masrepus
Sat Aug 01, 2020 3:03 pm
Forum: Personal Investments
Topic: Portfolio review and ESPP
Replies: 6
Views: 753

Re: Portfolio review and ESPP

An ESPP is not a contribution but based on selling as soon as allowed is just a transaction that averages a small gain all the time. People often choose to participate but it has nothing to do with investing at all. I would probably just account for whatever holdings are there as if it was some cas...
by masrepus
Sat Aug 01, 2020 1:32 pm
Forum: Personal Investments
Topic: What contributions % to 529s for four children of different ages for optimal growth
Replies: 12
Views: 918

What contributions % to 529s for four children of different ages for optimal growth

What is the optimal percentage to contribute to 529s for four different children to maximize the growth? Is it better to allocate the most money to the younger children thinking that there is more time for compounding as well as more in stocks compared to bonds? And lean more to cash flow for the ol...
by masrepus
Thu Jul 23, 2020 3:46 pm
Forum: Personal Investments
Topic: Best way to empty leftover money from transferred IRA from Vanguard to Fidelity
Replies: 5
Views: 376

Re: Best way to empty leftover money from transferred IRA from Vanguard to Fidelity

Thank you,
bertilak wrote: Thu Jul 23, 2020 11:27 am
HomeStretch wrote: Thu Jul 23, 2020 11:59 am
RetiredAL wrote: Thu Jul 23, 2020 12:29 pm
As you all mentioned, there are later cleanup transfers.I called Fidelity and they said it should happen weekly.
by masrepus
Thu Jul 23, 2020 3:38 pm
Forum: Forum Issues and Administration
Topic: Please Try Out Test Posts Here
Replies: 328
Views: 283082

Re: Please Try Out Test Posts Here

testing a quote
masrepus wrote:
by masrepus
Thu Jul 23, 2020 11:38 am
Forum: Personal Investments
Topic: Best way to empty leftover money from transferred IRA from Vanguard to Fidelity
Replies: 5
Views: 376

Re: Best way to empty leftover money from transferred IRA from Vanguard to Fidelity

I have transferred assets from one brokerage to another in the past where dividends came in (to the original brokerage) after the transfer. That was automatically transferred some time afterward. You could call and ask if it makes sense for you to just wait a bit. Ahh, thanks for the comment. I was...
by masrepus
Thu Jul 23, 2020 11:12 am
Forum: Personal Investments
Topic: Best way to empty leftover money from transferred IRA from Vanguard to Fidelity
Replies: 5
Views: 376

Best way to empty leftover money from transferred IRA from Vanguard to Fidelity

I transferred a Rollover IRA from Vanguard to Fidelity. All shares transferred perfectly, but VBTLX (VG Total Bond) threw off some dividends when the transfer occurred. I now have a $154.00 balance. I need the account at 0.00 because I plan to roll the Rollover IRA into my 401k to remove all my IRAs...
by masrepus
Sun Jul 19, 2020 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: yet another switch to fidelity thread
Replies: 11
Views: 1251

Re: yet another switch to fidelity thread

I am in the process of doing the same. I have 75% of my retirement in a Rollover IRA at Vanguard along with her Roth. At Fidelity I have an HSA, Rollover IRA, Roth IRA, 401k, taxable, CMA, and kids' UTMAs. I also have an HSA with Health Equity that I transfer whenever the balance hits 1000.00. In th...
by masrepus
Tue Jul 14, 2020 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Question - Roth Ira Conversion Occurred in January
Replies: 13
Views: 572

Re: TurboTax Question - Roth Ira Conversion Occurred in January

What does the form 8606 show? I cant recall exactly, but on that form you would have both years included. But you would have a basis from 2018 that is not taxed. That might be the problem if you didn't use TurboTax to create the 8606 for 2018 to show you had a non tax deductible contribution. TurboT...
by masrepus
Mon Jul 13, 2020 9:05 am
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 12
Views: 1343

Re: Portfolio Review Please

Does anyone know if the Vanguard Institutional Trust funds are essentially the same as the admiral versions of the funds? I am wondering if the funds are the same and just different classes with lower ERs and if that would make the IRA rollover into the 401k quicker or better and not be out of the m...
by masrepus
Mon Jul 13, 2020 2:44 am
Forum: Investing - Theory, News & General
Topic: Due to high taxes should I just max out employers 401K
Replies: 24
Views: 3350

Re: Due to high taxes should I just max out employers 401K

The flow for the backdoor Roth is the same at Fidelity or Vanguard. Open a tIRA, contribute 6000, open Roth IRA and convert, fill out form 8606. Reuse the accounts in the following year. Both are easy to open accounts and both have a "convert to Roth" link. Fidelity's flow seems to be easi...
by masrepus
Sun Jul 12, 2020 5:10 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 12
Views: 1343

Re: Portfolio Review Please

With four kids, some of whom it seems are quite a ways from college age, I would significantly ramp up the 529 contributions. The tax free growth would really pay off for you. You could easily spend a half million putting all four through undergraduate if they live away. Agreed, this is likely the ...
by masrepus
Sun Jul 12, 2020 12:53 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 12
Views: 1343

Re: Portfolio Review Please

6. Yes contribute more to 529s if you only have $100K and 4 kids! "Better options with the money in the taxable" isn't going to overcome the tax drag. other thought on the 529 vs the taxable - if you did not want to do the 529, and just keep the money in a high yield savings account, that...
by masrepus
Sun Jul 12, 2020 7:33 am
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 12
Views: 1343

Re: Portfolio Review Please

Ah, OK, that makes sense now. I thought the conversion had to be reported along with the year of the contribution and same amount. But that is wrong - the conversion is an independent event and can be for any amount you want to convert.

That is very helpful. Thank you for the advice.
by masrepus
Sat Jul 11, 2020 6:20 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 12
Views: 1343

Re: Portfolio Review Please

O2nz, thank you for the response. 3. Since you have good options in the 401k, it makes sense to roll the tIRA into the 401k so you can do the backdoor Roth. Note that the pro-rata rule only applies to the conversion step, not to contribution. So nothing is preventing you from making a nondeductible ...
by masrepus
Sat Jul 11, 2020 3:04 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 12
Views: 1343

Portfolio Review Please

Hi all, I have been a lurker for a few years trying to pick up some knowledge. I appreciate any critique of my portfolio and questions below. Currently 48, spouse is 41 and I have no real idea when I will retire. I feel like I want to retire early but I have another 15 years before the last kid woul...
by masrepus
Fri May 15, 2020 8:55 am
Forum: Personal Investments
Topic: What to do with RSUs and stock?
Replies: 30
Views: 1911

Re: What to do with RSUs and stock?

I always sell both immediately:
- ESPP is my cash used to buy the stock, so I view it as a guaranteed 6mo CD. It is part of my cash flow.
- RSUs always sold as they are a bonus.
by masrepus
Tue Mar 03, 2020 10:23 am
Forum: Personal Investments
Topic: it's better to do Roth conversion in a down market ?
Replies: 31
Views: 2833

Re: it's better to do Roth conversion in a down market ?

Short answer is yes. A Roth conversion is a taxable event. In a down market the value of your fund shares is lower than in an up market, which results in you paying less taxes for the Roth conversion. To be clearer, if I convert $10k for example, the taxes I'm paying will be the same right? It's on...
by masrepus
Sun Mar 01, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Group Legal through work - Hyatt Legal
Replies: 10
Views: 1305

Re: Group Legal through work - Hyatt Legal

Similar cost for me, and found it useful. Lawyer fees covered for speeding tickets, used as closing attorney for mortgages, wills. All covered at no additional cost. Complicated estate planning would incur extra fees but you still come out ahead. I was able to ask around in the company to get recomm...
by masrepus
Sun Feb 02, 2020 12:08 pm
Forum: Personal Investments
Topic: Any scenarios where taxable is better than mega backdoor for annual savings not entirely designated for retirement?
Replies: 8
Views: 759

Re: Any scenarios where taxable is better than mega backdoor for annual savings not entirely designated for retirement?

I went through the same decision last year. Had EF looking good, fully maxed out tax-advantaged and some cash left over I needed to go to taxable. My Roth I have had for 20 years, so moving the 25k from the 401k to the Roth seemed like a no brainer since I had the 5 year met. Also in my case I was g...
by masrepus
Sun Jan 26, 2020 1:30 pm
Forum: Investing - Theory, News & General
Topic: Disadvantages of post-tax 401k ?
Replies: 42
Views: 3641

Re: Disadvantages of post-tax 401k ?

I have been using this approach for the last few years. When I reach pre-contribution limit I use post-contribution to my 401k and then when I contribute to the IRS limit ($56,000 in 2019) I move the after-tax funding to my ROTH IRA and the associated gains and matching to ROLLOVER IRA. It works fi...
by masrepus
Thu Jan 16, 2020 12:28 pm
Forum: Personal Investments
Topic: Opening a new HSA
Replies: 25
Views: 2039

Re: Opening a new HSA

Am I missing something or are the Health Equity fees waived if you maintain $2,000 in the savings account? My understanding was that they offered Vanguard index funds with low expense ratios. For my plan sponsored by the employer, they cover the monthly fees. 2000.00 is a common tier in my plan. 20...
by masrepus
Tue Jan 07, 2020 2:58 pm
Forum: Personal Investments
Topic: Opening a new HSA
Replies: 25
Views: 2039

Re: Opening a new HSA

Reading more about it my understanding is the same as yours and we can contribute straight to Fidelity. However, I suppose there is some disadvantage in the tax deduction route because you'd get the tax break much later. 10 months later on average? So you'd miss out on roughly 3500*.25*.07*(10/12) ...
by masrepus
Mon Jan 06, 2020 11:36 pm
Forum: Personal Investments
Topic: Opening a new HSA
Replies: 25
Views: 2039

Re: Opening a new HSA

I just went through the same scenario - Health Equity HSA through job, hate the fees for investing, so moved most of the money to Fidelity HSA. The Fidelity HSA is totally free. Health Equity has an online form you can fill out for transfers from them to Fidelity. I used the Partial Transfer form an...
by masrepus
Sat Jan 04, 2020 12:38 pm
Forum: Investing - Theory, News & General
Topic: Mega Backdoor Roth 401k transferred to Roth IRA in place of a taxable account for moderate income
Replies: 16
Views: 1280

Re: Mega Backdoor Roth 401k transferred to Roth IRA in place of a taxable account for moderate income

Yes, I have already done this process. My 401k is with Fidelity as well as my roth ira. Fidelity has it automated such that after-tax contributions are automatically converted in-plan to roth each day, so there are minimal taxes, if any. I did have a 0.07c hit on one conversion. I then initiated a r...
by masrepus
Sat Jan 04, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: Mega Backdoor Roth 401k transferred to Roth IRA in place of a taxable account for moderate income
Replies: 16
Views: 1280

Re: Mega Backdoor Roth 401k transferred to Roth IRA in place of a taxable account for moderate income

What are the thoughts on using a Mega Backdoor Roth 401K transferred to a Roth IRA in place of a taxable account if you only have about 25000.00 after-tax dollars to invest? I'm not sure how this can even be a question so I've wondered if I'm missing the point. Why would you NOT do this? It seemed ...