Search found 88 matches

by TxInjun
Sun Sep 01, 2019 11:33 am
Forum: Personal Investments
Topic: Rolling over trad & roth 401k with backdoor roth in mind
Replies: 3
Views: 294

Re: Rolling over trad & roth 401k with backdoor roth in mind

If "new company" offers a Roth 401K option, you could roll over the "current company" Roth 401K into that account, I'd imagine. Was there a reason you wanted the Roth 401K -> Roth IRA?

Best,

TxIn
by TxInjun
Wed Aug 28, 2019 12:00 am
Forum: Investing - Theory, News & General
Topic: Is Fred Schwed the OG?
Replies: 6
Views: 882

Re: Is Fred Schwed the OG?

Love Schwed. “Customers yachts” has a prominent place among my financials books, and I always recommend his book to all that ask to learn about money management.

TxInjun
by TxInjun
Sun Jul 21, 2019 7:15 pm
Forum: Personal Investments
Topic: Gold?
Replies: 137
Views: 8266

Re: Gold?

... Back to TIPS, I was very surprised that when the financial crisis hit in September 2008 that while nominal US Treasuries rallied strongly, TIPS actually fell 10-12% which took me by surprise. For one thing, the financial crisis was deflationary and for another thing, TIPS are far less liquid th...
by TxInjun
Sun Jul 21, 2019 3:41 pm
Forum: Personal Investments
Topic: Gold?
Replies: 137
Views: 8266

Re: Gold?

Long term US Treasuries are almost the perfect diversifier for the US Stock Market. The only exception would have been the 1973-74 bear market which in large part was caused by the oil shocks which in term caused Stagflation, which was a nightmare for Stock and Bond investors. How would you charact...
by TxInjun
Sun Mar 31, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Fidelity vs Vanguard Waiting Period After IRA Contribution Before Allowing Conversion
Replies: 11
Views: 847

Re: Backdoor Roth: Fidelity vs Vanguard Waiting Period After IRA Contribution Before Allowing Conversion

Cash wrote:
Sun Mar 31, 2019 8:08 pm
I was able to convert immediately after funding at Fidelity. The whole process took only a couple of minutes. But I funded from my Fidelity CMA. Yet another benefit of consolidation.
Ditto for me.

TxIn
by TxInjun
Sat Mar 30, 2019 3:12 pm
Forum: Investing - Theory, News & General
Topic: Diversification Can Improve Retirement Outcomes (SWR) [Very Long Post]
Replies: 72
Views: 6259

Re: Diversification Can Improve Retirement Outcomes (SWR) [Very Long Post]

Hello vineviz,

Excellent analysis, thanks. I'd like to play around, I can clearly see you did this analysis on PortfolioVisualizer :-) but am unable to see where you are able to push the start window to 1965. Can you please let me know how you constructed this analysis on PV?

Thanks and cheers

TxIn
by TxInjun
Fri Mar 22, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 6594

Re: CPA is not including form 8606 for my backdoor Roth

Nice work. You dealt with the added complexity of 3 things: -Roll IRa into 401k -Dealing with a nominal leftover amount in the IRA -Doing 2 years at once. But from now on it is super duper easy. Each year, make one contribution post tax to the IRA and the next day, transfer the balance of the IRA t...
by TxInjun
Thu Mar 21, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 6594

Re: CPA is not including form 8606 for my backdoor Roth

This sounds like there was the issue of rolling a prior tIRA into a 401K to avoid the pro-rate rules ALL BEFORE starting the Roth IRA. Yes, this was required in my situation, and arguably took the most effort - even if it is a one-time thing. Next year and the following years will be much simpler. ...
by TxInjun
Thu Mar 21, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 6594

Re: CPA is not including form 8606 for my backdoor Roth

Yeah, I would focus on backdoor #2. Client comes in in March. you say, “Looks like you have a traditional IRA. If you have a decent 401k, why don’t you roll that into your 401k. Then once that is complete, make a post-tax deposit of 6k into the IRA. Next day, transfer it from the IRA to the Roth IR...
by TxInjun
Sat Mar 02, 2019 6:55 pm
Forum: Investing - Theory, News & General
Topic: Why are Backdoor Roths so popular are this forum?
Replies: 47
Views: 5259

Re: Why are Backdoor Roths so popular are this forum?

In the cases of Mega Backdoor Roth* and Back door Roth**, I am converting money that has already been taxed into money in a Roth account where it will never get taxed again. This is clearly a win, I don’t see how this can be debated. In the case of Roth conversion***, this is indeed arbitrage betwee...
by TxInjun
Mon Feb 18, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Another Backdoor Roth Question
Replies: 8
Views: 729

Re: Another Backdoor Roth Question

Hello FiveK, First, thanks for responding helpfully! On the low end, compensation must be equal to or greater than your IRA contribution. On the high end, see Retirement Topics IRA Contribution Limits | Internal Revenue Service . We're covered on the low end. On the high end, did you mean that the i...
by TxInjun
Sun Feb 17, 2019 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Another Backdoor Roth Question
Replies: 8
Views: 729

Re: Another Backdoor Roth Question

Thanks for the responses, Duckie. You can roll your rollover IRA to your current 401k, but if your wife has a rollover IRA she can't roll it to your current 401k. I shoulda been clearer. DW also has a 401K from a previous job, at Fidelity. And a Rollover IRA. Open two new Traditional IRAs and contri...
by TxInjun
Sat Feb 16, 2019 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 123
Views: 11058

Re: What net worth supersedes Bogleheads’s strategy

Wricha wrote:
Sat Feb 16, 2019 8:27 pm
What is the net worth limit of being a Boglehead.
Old Texas saying: “Dance with who brung’ya”. Just sayin’

TxIn
by TxInjun
Sat Feb 16, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Another Backdoor Roth Question
Replies: 8
Views: 729

Re: Another Backdoor Roth Question

Thank you OP for starting this thread - very timely for me. I waited a little to ensure your questions were answered before asking my own questions :) I too am considering starting a Backdoor Roth for me and my wife. I turn 50 this year (in Sep) and income-limited out of Roth. DW does not work: she ...
by TxInjun
Tue Feb 12, 2019 11:13 pm
Forum: Personal Consumer Issues
Topic: Gas / Electric Fireplace only produces a low flame
Replies: 13
Views: 1091

Re: Gas / Electric Fireplace only produces a low flame

Thank you all for your helpful responses. I’ve since discovered that the burner unit can only be opened up with a specific tool, a safety torx screwdriver. Methinks the mfr made it extra childproof for a reason, so I will bring in the professionals on this one.

TxIn
by TxInjun
Sun Feb 10, 2019 1:54 pm
Forum: Personal Consumer Issues
Topic: Gas / Electric Fireplace only produces a low flame
Replies: 13
Views: 1091

Gas / Electric Fireplace only produces a low flame

Hey Bogleheads, I have a gas fireplace with an electric-only start. The unit is the Heat & Glo 6000C-IPI. It's worked fine in the past, but hasn't been fired up for a while. So when I turned it on recently, the "starter" flame ignites, but none of the main area lights up. I then opened up the glass,...
by TxInjun
Wed Jan 09, 2019 6:40 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 8384

Re: Safe withdrawal rate at 38 years old

We like this blog post, regarding CAPE withdrawals, which is a variable/option using cfiresim. Thank you for bringing this up, jainn- I hadn’t seen this before. Very interesting to incorporate CAPE in the calculation. We prefer to use the most conservative method available ( CAPE 1.00/.05 ), mostly...
by TxInjun
Wed Dec 12, 2018 8:03 pm
Forum: Personal Investments
Topic: Non-Qualified Deferred Compensation (NQDC) Distribution Election
Replies: 20
Views: 1193

Re: Non-Qualified Deferred Compensation (NQDC) Distribution Election

NQDC plans that I've seen give the option to change your distribution elections annually. Please confirm this with your wife's plan. In other words, you are not locked into the same selection on distributions "forever".

TxIn
by TxInjun
Wed Dec 12, 2018 7:57 pm
Forum: Personal Investments
Topic: Deferred comp question
Replies: 2
Views: 529

Re: Deferred comp question

In plans I'm familar with, (assume 10 year annual payouts in this case) you'll get 1/10th the first year, 1/9th the 2nd year, 1/8th the 3rd year, etc. The issue of your asset allocation is separate. Even if payout is on a fixed and unalterable schedule, typically you can change the asset allocation....
by TxInjun
Thu Nov 29, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: Confused - Seems California Muni ETF is worse than National Muni ETF
Replies: 5
Views: 997

Re: Confused - Seems California Muni ETF is worse than National Muni ETF

Thank you for all your replies! If you look at the percentage of A and BBB bonds, the evidence that CMF has less credit risk is more apparent. I agree, the CMF risk profile is better than MUB's. This probably explains most of the yield difference. My understanding is the expense ratio is taken out o...
by TxInjun
Thu Nov 29, 2018 12:14 am
Forum: Investing - Theory, News & General
Topic: Confused - Seems California Muni ETF is worse than National Muni ETF
Replies: 5
Views: 997

Confused - Seems California Muni ETF is worse than National Muni ETF

Hey there BHers, My accounts are held at Fidelity and they provide low- (or no-)cost access to iShares ETFs. So I have been looking at CMF (Cal Muni ETF) and MUB (National Muni ETF). Here is my comparison: CMF: 0.25% ER, 2.47% SEC Yield as of 11/28 MUB: 0.07% ER, 2.82% SEC Yield as of 11/28 (I recog...
by TxInjun
Fri Nov 16, 2018 9:38 pm
Forum: Personal Investments
Topic: total US bond fund for Fidelity account holders
Replies: 6
Views: 1071

Re: total US bond fund for Fidelity account holders

I just hated the transition from FSITX to FXNAX. The way Quicken downloaded the merge is a sale-and-purchase, so it computes all these income and CG terms, AND as a consequence (most sinful of all) doesn't track the original dates and cost basis - it lumped all the "sales" on 11/2, and the "new purc...
by TxInjun
Mon Oct 29, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Company being acquired what to do with stock?
Replies: 15
Views: 1568

Re: Company being acquired what to do with stock?

It sounds like the stock price has NOT gone up to the level of the new bid, based on OP’s comments. The SEZc examines any changes in your trading pattern around such transactions with great detail. My advice is to NOT make any changes in your open orders till the news is public. After that event, yo...
by TxInjun
Mon Oct 22, 2018 10:43 pm
Forum: Personal Consumer Issues
Topic: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?
Replies: 66
Views: 9835

Re: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?

I've been a Simplisafe user since 2014, but have decided to move to Ring (I'll switch over this weekend). Please post back and let us know how it goes. The install for the base-station was a little more complex than I was expecting, it took some time to get the base-station to talk properly to my W...
by TxInjun
Fri Oct 19, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?
Replies: 66
Views: 9835

Re: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?

I've been a Simplisafe user since 2014, but have decided to move to Ring (I'll switch over this weekend). The Simplisafe base-station was simply unable to consistently connect to the network, and I'd just get weekly reminders to reboot the base-station or to move it to a different location. Thanks f...
by TxInjun
Thu Sep 13, 2018 2:38 am
Forum: Investing - Theory, News & General
Topic: CA Muni Bonds Recommendations
Replies: 6
Views: 1118

Re: CA Muni Bonds Recommendations

At Fidelity, you can get an iShares ETF with ticker “CMF”.

TxIn
by TxInjun
Tue Sep 11, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: Historical SWR vs. Monte Carlo on PortfolioVisualizer.com
Replies: 69
Views: 6232

Re: Historical SWR vs. Monte Carlo on PortfolioVisualizer.com

You can set Portfolio Visualizer to use blocks of n years in doing the bootstrapping. This allow one to tailor as much reversion-to-mean as one wants. The trade off, of course, is smaller number of distinct samples in the historical record. More of an issue if one doesn't start the data at 1871 of ...
by TxInjun
Mon Sep 10, 2018 11:24 pm
Forum: Personal Consumer Issues
Topic: Go to Istanbul next week. Any suggestions
Replies: 50
Views: 4278

Re: Go to Istanbul next week. Any suggestions

We just got back last Sunday from a week in Istanbul, maybe our best vacation yet. For practical items: Just withdraw cash from an ATM, don't go to the Money Changers Get an IstanbulKart, it works on the trams, ferries, etc. Your hotel may lend you a card and you can charge it Get the Bitaksi app, i...
by TxInjun
Sun Aug 05, 2018 12:48 am
Forum: Personal Investments
Topic: What to do with a five figure "inherited" cash sum?
Replies: 32
Views: 3570

Re: What to do with a five figure "inherited" cash sum?

I agree with 123’s concern, but it could take a lot of time (and risk) to upload cash at an atm. You seem to know what you want, you should be able to walk into your bank and deposit the cash while fending off sales pitches. I understand that banks are required to report cash transactions above $10K...
by TxInjun
Tue Jul 10, 2018 1:24 pm
Forum: Personal Investments
Topic: Fidelity Funds .004% Management Fee Each Year
Replies: 9
Views: 1313

Re: Fidelity Funds .004% Management Fee Each Year

OP, is this planned to be managed via a Fidelity partner e.g. Breckinridge (their spelling, not mine), or Fidelity themselves?
by TxInjun
Wed Jul 04, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: Car Title - How do I have it reissued across State lines
Replies: 6
Views: 914

Re: Car Title - How do I have it reissued across State lines

OP here - yes, Texas Blue Title. Lien holder has signed on the front for the release, and I have it in hand. What is missing is 2 things - haven't informed TX about the lien release; and haven't transferred title to California. Do I need to do either of these if I wanted to sell my car in the future...
by TxInjun
Wed Jul 04, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Car Title - How do I have it reissued across State lines
Replies: 6
Views: 914

Car Title - How do I have it reissued across State lines

Hello BHers, DW's car was first acquired in Texas in 2013, with a loan that we paid off in 2015. At payoff, the bank sent us the title with a note saying "Please take this to your local DMV to have the lien removed". I still have the title and letter, I never took it to Texas DMV. We moved to Califo...
by TxInjun
Fri Jun 15, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 110897

Re: How much money do you want to retire?

Thank you for the comment. However, I do believe that the point I was making would not be affected by the type of simulation. If you are shooting for 99% chance of success over 45 years, with $5MM in assets, then in the top 10,20% of the time you are shooting to have hundreds of millions in assets....
by TxInjun
Wed Jun 06, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 110897

Re: How much money do you want to retire?

Just do use any Monte-Carlo retirement scenario analysis tool, with these types of numbers: - $5-8MM in assets, - 2-3% W/D, - 40-50 year horizon. Just take a note of the size of the assets in the top 50% of the scenarios, say, in 30, 40, 50 years. Monte-Carlo sims assume each year is a completely r...
by TxInjun
Sun May 27, 2018 9:38 pm
Forum: Non-US Investing
Topic: only iShares ETF's, risks?
Replies: 11
Views: 2535

Re: only iShares ETF's, risks?

Thanks for clarifying in stronger language than I used, Alex. I also meant to suggest that there is no overlap. I am sorry if I came of harsh... I didn’t mean that as a brushoff. I just realized that your coo nets were more definitive than mine. It is needed to prevent misconceptions about ETFs, in...
by TxInjun
Sun May 27, 2018 6:47 pm
Forum: Non-US Investing
Topic: only iShares ETF's, risks?
Replies: 11
Views: 2535

Re: only iShares ETF's, risks?

Thanks for clarifying in stronger language than I used, Alex. I also meant to suggest that there is no overlap.
by TxInjun
Fri May 25, 2018 8:51 pm
Forum: Non-US Investing
Topic: only iShares ETF's, risks?
Replies: 11
Views: 2535

Re: only iShares ETF's, risks?

I too am all in on iShares ETFs at Fidelity. There are 2 risks: long term if BR goes bankrupt; and short term if BR had an IT burp and you can’t access your assets. I personally consider the former is more critical. The SEC validates that the issuer requires sufficiently separated the ownership from...
by TxInjun
Sat Apr 14, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: Introduction to Treasury Inflation Protected Securities (TIPS)
Replies: 53
Views: 8242

Re: Introduction to Treasury Inflation Protected Securities (TIPS)

SavageAmusement wrote:
Thu Apr 12, 2018 1:59 pm
I am the author of the TIPS presentation.
Thank you for sharing your excellent presentation!

TxInjun
by TxInjun
Fri Jan 26, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 31552

Re: Muni Money Market funds starting to look good!

I was ready to say this is a bad deal, but I see the yield is the same as Vanguard's CA muni MM. Not sure why the difference. Note that the stated yield is net of expenses. If your CA + federal tax is >19% you come out ahead with the muni fund. Hello mega317, I didn't follow your calculation, can y...
by TxInjun
Fri Jan 26, 2018 12:05 pm
Forum: Personal Investments
Topic: Ready to give up on bond fund, Lost 2.25% past 6 months
Replies: 85
Views: 13331

Re: Ready to give up on bond fund, Lost 2.25% past 6 months

Thank you for your considered replies, ogd and saltycaper. Primarily for convenience, my fixed-income portfolio is in intermediate-term ETFs, instead of individual bonds. I guess I was looking for confirmation that my strategy was no worse than any other, but it's clear this is a complex topic.
by TxInjun
Thu Jan 25, 2018 9:34 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 31552

Re: Muni Money Market funds starting to look good!

I was looking at the Muni Money Market Funds from Fidelity, and I found one for CA (my state of residence): FCFXX. The web page is here . A few questions: The ER is 0.49% !!!! This is similar to other muni money market funds. How can this be a good deal for Bogleheads? I'm not exactly clear how the ...
by TxInjun
Thu Jan 25, 2018 9:20 pm
Forum: Personal Investments
Topic: Ready to give up on bond fund, Lost 2.25% past 6 months
Replies: 85
Views: 13331

Re: Ready to give up on bond fund, Lost 2.25% past 6 months

I want to understand the practical difference between holding to maturity, or switching out closer-to-maturing bonds for longer-to-maturing bonds (as would happen in a bond ETF/fund trying to maintain a constant weighted maturity) If the closer-to-maturing bonds were sold, the market forces should ...
by TxInjun
Wed Jan 24, 2018 1:49 pm
Forum: Personal Investments
Topic: Ready to give up on bond fund, Lost 2.25% past 6 months
Replies: 85
Views: 13331

Re: Ready to give up on bond fund, Lost 2.25% past 6 months

not wrong entirely, but sort of an error in mental accounting. Say you buy a 10 year bond paying 2.6% and then at some point rates go up to 3%. Yes, you'll get you're 2.6% for 10 years and your return of principle at the end...but so what? New bonds are paying 3% and yours is not. If you want to se...
by TxInjun
Sat Jan 06, 2018 1:21 am
Forum: Investing - Theory, News & General
Topic: "Can I Really Retire at 40?" What to Tell Clients
Replies: 53
Views: 9004

Re: "Can I Really Retire at 40?" What to Tell Clients

I have several issues with their analysis, some of which are major. I agree with some of your points, and disagree with others First, the idea of a fixed withdrawal rate for a 50+ year retirement seems nonsensical... For most analysis, we can begin with a target WR, and of course judgement is built...
by TxInjun
Fri Jan 05, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: "Can I Really Retire at 40?" What to Tell Clients
Replies: 53
Views: 9004

"Can I Really Retire at 40?" What to Tell Clients

I found this article from American Funds on the Twitters, and thought it was interesting work. It proposes a SWR metric for early retirees at different ages (assuming you live to 95), and with a 95% confidence rating. It attempts to account for the current low-return expectations, as well as the imp...
by TxInjun
Thu Dec 28, 2017 10:31 pm
Forum: Personal Consumer Issues
Topic: Crater Lake trip from Bay area in June
Replies: 21
Views: 2131

Re: Crater Lake trip from Bay area in June

As others have noted, the rim drive may be closed in June, although should be open in late June. Many visitors drive around the rim, for some spectacular vistas. The primary spots are CRAZY busy in peak season (July 4th through Labor Day). There is a park shuttle that runs round the rim with a great...
by TxInjun
Thu Dec 28, 2017 8:49 pm
Forum: Personal Investments
Topic: Bond allocation-what I'm I missing
Replies: 15
Views: 1398

Re: Bond allocation-what I'm I missing

Look up “efficient frontier financial” on google. Essentially, by adding bonds - which are assumed to be relatively uncorrelated to stocks - you can reduce the volatility of your portfolio, in exchange for a small reduction in overall return. This assumes you rebalance to keep the asset allocation a...
by TxInjun
Wed Dec 27, 2017 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust - Will
Replies: 55
Views: 6719

Re: Living Trust - Will

Drew31 wrote:
Tue Dec 26, 2017 5:54 pm
Recos on good books?
Living Trusts for Everyone, by Ronald Farrington Sharp: $15 on Amazon.
by TxInjun
Tue Dec 26, 2017 11:28 pm
Forum: Investing - Theory, News & General
Topic: More bonds now to rebalance?
Replies: 12
Views: 1659

Re: More bonds now to rebalance?

Most of us would find ourselves in either “accumulation” mode or “withdrawal” mode: so the easy thing to do is to buy (in the first instance), or sell (in the second instance) as needed to approach your desired asset allocation. It is not necessary, and very inefficient, to try and be too accurate a...
by TxInjun
Fri Dec 15, 2017 9:30 pm
Forum: Personal Consumer Issues
Topic: Japan in summer
Replies: 25
Views: 2487

Re: Japan in summer

We spent 2.5 months in Japan, from end-June to early September. We were based in Tokyo. The weather is as advertised: in addition, there is a short rainy season at the end of June for 2 weeks. Mysef, wife and 7-year old daughter sweletered, but enjoyed more than suffered our time there. If this is y...