Search found 660 matches

by LateStarter1975
Wed Feb 17, 2016 4:50 pm
Forum: Investing - Theory, News & General
Topic: Book Recommendation for New Investor
Replies: 24
Views: 3533

Re: Book Recommendation for New Investor

"The Boglehead's Guide to Investing" is probably the best book on investing I read and I have read all the ones listed above. If your daughter is really into this thing, then you might also suggest she reads it, though it's not as short as Bernstein's "If You Can"
by LateStarter1975
Fri Feb 12, 2016 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Nervous Newbie Investor
Replies: 24
Views: 2491

Re: Nervous Newbie Investor

Firefighter535 One way I avoid these kind of jitters is not to look often at my portfolio. I re-balance annually on 1st of January and don't bother to check for several months. I check a maximum of once every quarter. My contributions to my retirement accounts go in automatically. This way, you don'...
by LateStarter1975
Thu Feb 11, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: What is your decline in Net Worth as of today?
Replies: 96
Views: 13287

Re: What is your decline in Net Worth as of today?

AstroJohn wrote:I only look at that once or perhaps twice a year. More often than that invites madness. Keep calm and carry on.
+1
by LateStarter1975
Tue Feb 09, 2016 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Tax Return Question
Replies: 10
Views: 1199

Re: Tax Return Question

Every tax form one receives from a brokerage needs to be filed, in my experience, doesn't matter whether it is at a gain or a loss. I believe you would do good to wait and make sure your return is processed (you can check the social security benefits) and then file the amended return. There is no r...
by LateStarter1975
Tue Feb 09, 2016 10:53 am
Forum: Personal Consumer Issues
Topic: Planning a High-Value Wedding Regardless of Cost
Replies: 55
Views: 5054

Re: Planning a High-Value Wedding Regardless of Cost

We had our wedding in 2011 and it cost us about $50,000 and it was our dumbest mistake ever! The wedding was beautiful and nice, but it was stupid to have spent that money (on credit) for such a wedding, no matter how beautiful. Some of the mistakes I made were: 1. Paying for hotel accommodation/tra...
by LateStarter1975
Tue Feb 09, 2016 9:52 am
Forum: Investing - Help with Personal Investments
Topic: If I open a 2015 Roth IRA and put $5500 into it, does this need to be included on 2015 Taxes?
Replies: 7
Views: 1023

Re: If I open a 2015 Roth IRA and put $5500 into it, does this need to be included on 2015 Taxes?

Toons wrote:A Roth Ira is an after tax contribution
"Believe it or not, you don’t have to report your Roth contributions anywhere on your tax return" :happy

https://www.irahelp.com/slottreport/rot ... keep-track
Correct answer
by LateStarter1975
Tue Feb 02, 2016 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley vs Indexing
Replies: 10
Views: 2361

Re: Wellesley vs Indexing

jpelder wrote:A well-diversified, low-cost active fund isn't the worst thing in the world...
This
by LateStarter1975
Tue Feb 02, 2016 8:07 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 17060

Re: What is your favorite Financial Quote or Metaphor??

"The surest route to top-quartile returns is bottom-quartile expenses" - John Bogle
by LateStarter1975
Tue Feb 02, 2016 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Already filed taxes, didn't include small amount of interest income
Replies: 31
Views: 5875

Re: Already filed taxes, didn't include small amount of interest income

mouses wrote:I keep a list of every place I expect income from...
+1
This is what I do every year. I keep a record in a file of every potential income source and all other tax-related documents. It makes it a lot easier for me to have all I need before I file
by LateStarter1975
Tue Feb 02, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Confused about income limits for traditional IRA deductions
Replies: 9
Views: 1145

Re: Confused about income limits for traditional IRA deductions

If you file MFJ, then your MAGI for deductible IRA contribution eligibility will be based on your combined household income. So in the example you gave, the MAGI for the household is $170,000 and thus none of the spouses will be eligible....otherwise none of the spouses is covered by a qualified ret...
by LateStarter1975
Tue Feb 02, 2016 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 8306

Re: Physician buying an 850k vs 1.25m house

Toons wrote:"Is paying 45% of your post tax income in a mortgage too much (1.125 million mortgage = aprox 7k per month)"

Yes :happy
Yes x2
by LateStarter1975
Tue Feb 02, 2016 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Saving for down payment
Replies: 43
Views: 3475

Re: Saving for down payment

Don't take out a 401k loan. I would reduce contributions down to the match for the short period of time it's takes to save a down payment. There's a balance between living in the now and saving for the future. If you need to reduce retirement contributions for 6 months to help you buy the home you ...
by LateStarter1975
Mon Feb 01, 2016 2:04 pm
Forum: Personal Consumer Issues
Topic: Which app/plan do you use to make calls to overseas?
Replies: 40
Views: 3052

Re: Which app/plan do you use to make calls to overseas?

I emigrated from West Africa so have to keep up with family and friends back home. Also have some family in Europe. I've been used to calling with Rebtel but in the past 2 years, have discovered Boss Revolution which is even much cheaper. You can try that. And of course, like people have noted above...
by LateStarter1975
Sat Jan 30, 2016 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard - Principle's for Investing Success
Replies: 10
Views: 1452

Re: Vanguard - Principle's for Investing Success

Fundamentally, "discipline" speaks to more of an abstract concept that must be realized with actions, while "stay the course" is itself an actionable directive. Well, whatever it's called (in my mind the difference in terminology is not meaningful), I do agree with you that the definition is differ...
by LateStarter1975
Sat Jan 30, 2016 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: backdoor roth mess up
Replies: 7
Views: 1094

Re: backdoor roth mess up

BL wrote:Be happy you made a little money. You won't be taxed on 85% of the gain or on future gains. All it amounts to is a little more paperwork at tax time.
+1
by LateStarter1975
Sat Jan 30, 2016 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: son just starting out
Replies: 19
Views: 2246

Re: son just starting out

A Target Retirement date fund seems appropriate. Very simple and he can continue to put 100% of contributions in. If he's interested in investing he can choose to split it out into 3 funds or something else when it's large enough to benefit from Admiral shares ($30k-$50k). Or once he has a more sta...
by LateStarter1975
Sat Jan 30, 2016 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Morningstar X-ray ... Vanguard import?
Replies: 2
Views: 589

Re: Morningstar X-ray ... Vanguard import?

I think you'll have to input the various funds in your Vanguard account manually into Morningstar's x-ray tool
by LateStarter1975
Sat Jan 30, 2016 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Downward trend over?
Replies: 46
Views: 5749

Re: Downward trend over?

If I knew the answer to your question, I would have loved to tell you
by LateStarter1975
Sat Jan 30, 2016 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should my Roth contain 100% stocks?
Replies: 32
Views: 5868

Re: Should my Roth contain 100% stocks?

Your Roth should be 100% stocks as long as keeping 100% stocks in the Roth will not cause you to veer off your total portfolio AA. Here is how I keep my portfolio: 401k: Bonds + Stocks IRA: Bonds + Stocks Roth IRA: Stocks Taxable: Stocks I also have a cash e-fund in an online savings account. +1
by LateStarter1975
Fri Jan 29, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 65
Views: 7142

Re: What age did you start maxing out your retirement contributions?

Since 2013, have been maxing out Roth IRA for both spouse and I (age 38) In 2015, at age 40, I maxed my 401K for the first time (also maxed out a 457b as well as the Roths) Hopefully, I can now continue with the trend above.......have a lot of catching up to do PS: I joined Bogleheads in 2013 and th...
by LateStarter1975
Wed Jan 27, 2016 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Contribution - upto the match or more?
Replies: 21
Views: 2388

Re: 401k Contribution - upto the match or more?

psystal wrote:The match is your greatest return on investment (100%), so you absolutely want to make sure you get it every month. Spread out your contributions accordingly throughout the year.
+1
Couldn't agree more
by LateStarter1975
Wed Jan 27, 2016 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: First time doing backdoor Roth - IRA basis?
Replies: 10
Views: 976

Re: First time doing backdoor Roth - IRA basis?

JimmyD wrote:Thanks for the reply. I stepped through it again and lo and behold, I was taxed correctly (only on the minuscule gain). Not sure what happened the first time around.
Glad you figured it out.....following the link, it's usually breeze without any problems. TFB did a good job with that article
by LateStarter1975
Wed Jan 27, 2016 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: 58 year old Newbie
Replies: 3
Views: 570

Re: 58 year old Newbie

Welcome to the forum. I'm glad you made the leap of faith to post. You will get more smart answers from seasoned members but here's my take: 1. It's never too late to start fixing your finances and you've made the right call 2. You have a great income, so this should help 3. You've had some misfortu...
by LateStarter1975
Wed Jan 27, 2016 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Late starter + self employed - Asset Allocation?
Replies: 12
Views: 1066

Re: Late starter + self employed - Asset Allocation?

Most people here would never recommend a 100% stock allocation. Having said that, your AA is all about your ability to take risks and the smart ones here suggest you start conservatively first and get experienced in the stock market and see how downturns affect you emotionally. You can then adjust y...
by LateStarter1975
Wed Jan 27, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: When should I make Roth IRA contribution? (Not sure I'll need the Backdoor)
Replies: 3
Views: 332

Re: When should I make Roth IRA contribution? (Not sure I'll need the Backdoor)

Is there a downside or penalty to using the Backdoor method when your AGI < 180K? Maybe I should do it this year just for practice? That's probably your best bet. There's no penalty or disadvantage other than some extra paperwork to backdooring. You can do the whole contribution and conversion imme...
by LateStarter1975
Tue Jan 26, 2016 9:17 am
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Taylor!
Replies: 87
Views: 7440

Re: Happy Birthday Taylor!

I have to say that I do enjoy many posters on this forum, but by far I appreciate Taylor the most. Why? B/c of his unique wisdom and pristine simplicity. He has a way of calming me down and imparting wisdom with all his posts, even when they are very shot. His simplicity is really majestic. Happy bi...
by LateStarter1975
Fri Jan 22, 2016 2:02 pm
Forum: Investing - Theory, News & General
Topic: Why Bogle?
Replies: 36
Views: 4396

Re: Why Bogle?

Many of us stumbled upon John Bogle as we were in search of the truth. We found that he is knowledgeable, honest, and his ideas are based upon common sense and "the relentless rules of humble arithmetic." In other words, it is hard to argue with the basic tenets of Bogle's philosophy because they a...
by LateStarter1975
Fri Jan 22, 2016 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 5451

Re: What would a Boglehead do? (CC Debt Dilemma)

CC1 - 24% - $3,266 CC2 - 18% - $3,305 CC3 - 20% - $2,600 CC4 - 16% - $5,972 CC5 - 15% - $4,442 CC6 - 25% - $351 CC7 - 23% - $890 8 & 9 are getting paid off on Monday. They are tiny. If you want to get out of debt as fast as you can, nothing beats Dave Ramsey's baby steps in paying off debt. List yo...
by LateStarter1975
Thu Jan 21, 2016 11:18 am
Forum: Investing - Theory, News & General
Topic: How to face worry?
Replies: 9
Views: 1289

Re: How to face worry?

I read this in Dale Carnegie's book, "How to Stop Worrying and Start Living" , many years ago. There's no way around it. If we're living, we're going to have problems. This is just a different way of looking at those problems. This perspective was a big help to me then and it still is. I don't know...
by LateStarter1975
Wed Jan 20, 2016 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 179
Views: 20006

Re: What was your % pay raise?

0.0%.
by LateStarter1975
Wed Jan 20, 2016 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Fisher Investments?
Replies: 18
Views: 2918

Re: Fisher Investments?

tainted-meat wrote:Don't walk, run. Also, don't give them your phone # unless you feel like getting a new one soon.
Apt!
by LateStarter1975
Wed Jan 20, 2016 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: 401K in this downturn?
Replies: 11
Views: 1434

Re: 401K in this downturn?

So what does one do with their 401K in this downtown? Im about 80/20 allocation and I am about 15-20% off my highs in December. With 2016 here I am in a position to max out my contribution again. Do you just hang in there at this point and hold on tight? With an 80/20 allocation, surely you have a ...
by LateStarter1975
Wed Jan 20, 2016 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Which fund is best in after tax account?
Replies: 6
Views: 509

Re: Which fund is best in after tax account?

For a taxable account VTSAX is best for some people and VTIAX is best for other people. It will depend on one's tax bracket and whether they keep their foreign taxes paid under the $300 or $600 limits or not. For a Roth account, it depends on what gets kicked out of Roth to make room for VTSAX or V...
by LateStarter1975
Mon Jan 18, 2016 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: 1099-R Backdoor Roth?
Replies: 19
Views: 2946

Re: 1099-R Backdoor Roth?

File Form 8606 with your 2015 return if the contribution was a 2015 contribution. Report the non deductible contribution in Part I and the conversion in Part II. Then the 5500 goes on line 15a (If you use Form 1040) and nothing on 15b. Keep the 1099R with your tax records. You will also get a 5498 ...
by LateStarter1975
Mon Jan 18, 2016 6:13 pm
Forum: Investing - Theory, News & General
Topic: Mount Rushmore of Investing
Replies: 31
Views: 5360

Re: Mount Rushmore of Investing

123 wrote:Lets put Taylor Larimore up there with the rest.
+1
by LateStarter1975
Mon Jan 18, 2016 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: 1099-R Backdoor Roth?
Replies: 19
Views: 2946

Re: 1099-R Backdoor Roth?

File Form 8606 with your 2015 return if the contribution was a 2015 contribution. Report the non deductible contribution in Part I and the conversion in Part II. Then the 5500 goes on line 15a (If you use Form 1040) and nothing on 15b. Keep the 1099R with your tax records. You will also get a 5498 ...
by LateStarter1975
Mon Jan 18, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bank recommendation
Replies: 50
Views: 7188

Re: Online Bank recommendation

tenkuky wrote:
ChiefIlliniwek wrote:I use Ally bank and have had no issues. No minimums and ATM fees reimbursed.
+1 Ally
+4
by LateStarter1975
Mon Jan 18, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: 15yr or 30yr
Replies: 5
Views: 945

Re: Advice: 15yr or 30yr

Twins Fan wrote:You have a 3.25% mortgage now. Sit tight and enjoy. :happy

Closing costs of $5k to take not quite 1/2 point off would not be worth it to me. Others may feel differently though.

If the current 15 year monthly payment doesn't stress the budget much, let it ride.
I concur
by LateStarter1975
Mon Jan 18, 2016 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Well Done Ally Bank - CD purchase
Replies: 61
Views: 13030

Re: Well Done Ally Bank - CD purchase

Another Ally customer here. Been with them since 2010 and I've never had anything bad to say about them. Customer service is exceptional and I've never had to wait for more than 2 minutes to be attended to
by LateStarter1975
Fri Jan 15, 2016 1:56 pm
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 10645

Re: I'm sitting here watching FOX Business...14200??

livesoft wrote:I'm sitting here watching bogleheads.org. This is supposed to be the place where one can escape from the financial porn found on TV, but it has found its way to even this forum.
+1
by LateStarter1975
Wed Jan 13, 2016 5:59 pm
Forum: Investing - Theory, News & General
Topic: What do you use to calculate total % up or down each year?
Replies: 37
Views: 2530

Re: What do you use to calculate total % up or down each year?

What do you use to calculate total % up or down each year? Ajacobs6: I simply look at the balance on my annual statement and don't bother figuring the percentages (we get what the market gives). All my funds are with Vanguard. Best wishes. Taylor This is so genius! Thank you Taylor for your simplic...
by LateStarter1975
Tue Jan 12, 2016 9:40 am
Forum: Investing - Theory, News & General
Topic: Do Emergency Funds Count as a part of Retirement portfolio?
Replies: 35
Views: 3580

Re: Do Emergency Funds Count as a part of Retirement portfolio?

Question: Does an emergency fund count as part of your retirement portfolio? Why or why not? Example: I have ~6 months of living expenses in cash sitting in my safe at home. For purposes of calculating retirement portfolio size, is it in or out? I do not, it is for a completely different set of cir...
by LateStarter1975
Fri Jan 08, 2016 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Dipped under Admiral Threshold
Replies: 8
Views: 2052

Re: Dipped under Admiral Threshold

My thought is that I should probably consider eventually eliminating the bonds in the Roth since I have plenty of room for them in a 401K and 403b.
Yes, this is what I did. I eliminated the bonds in my Roth and left only stock funds. Now all my bonds are in my 401K as I have more space there.
by LateStarter1975
Fri Jan 08, 2016 5:28 pm
Forum: Investing - Theory, News & General
Topic: Sharing Advice from meeting with High Level Vanguard Advisor
Replies: 61
Views: 10006

Re: Sharing Advice from meeting with High Level Vanguard Advisor

pkcrafter wrote:
He personally doesn't like the Target Retirement funds due to glide path and heavy equity exposure for young investors.

Imagine how he'd feel to know that Dave Ramsey sends his listeners to his ELPs who puts them in 100% equities (load funds for that matter) for all their lifetime...
by LateStarter1975
Thu Jan 07, 2016 11:08 pm
Forum: Investing - Theory, News & General
Topic: Has it been a crash every 7-10 years?
Replies: 22
Views: 3864

Re: Has it been a crash every 7-10 years?

A "crash" does not occur reliably at an interval of 7-10 years: 1. There is no good definition for "crash". How big a pull-back does he count as a crash? 2. Sometimes a business cycle is less than 7 and sometimes it is more than 10 years. 3. A pullback doesn't matter if these are retirement funds t...
by LateStarter1975
Thu Jan 07, 2016 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 68837

Re: Amen to everything noted above

I particularly agree with the "needs vs. wants" statement, we use those very words all of the time. We are newly ER'ed (58 and 55). If you are in your "consumption" age, be cognizant. We weren't all of the time, so easy to see looking back now:) Sorry, could you please clarify what ER'ed means? Ana...
by LateStarter1975
Tue Jan 05, 2016 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Savings % Target 2016?
Replies: 168
Views: 14102

Re: Savings % Target 2016?

What is this thread about? What purpose does it serve? It makes fortunate people feel good about themselves. And it makes less fortunate people feel like they may not be doing well enough (as if they didn't have enough problems anyway). Why would anyone ask a question like that? And why would so ma...
by LateStarter1975
Wed Dec 30, 2015 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Best No Annual Fees Rewards/Cash-Back Credit Cards
Replies: 87
Views: 18109

Re: Best No Annual Fees Rewards/Cash-Back Credit Cards

I don't like to keep a lot of cards. The Citi Double Cash is a good default card. 2% on all purchases, no rotating categories, no cap. This the best card with no annual fees for a cash back card. The second best would be Capital One QuickSilver card with no annual fees and 1.5% cash back on all pur...
by LateStarter1975
Wed Dec 30, 2015 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: backdoor Roths to be safe if close to $194k for 2016?
Replies: 7
Views: 1114

Re: backdoor Roths to be safe if close to $194k for 2016?

The Roth IRA limits are based on MAGI not gross income. MAGI for Roth IRA purposes starts with AGI then makes modifications. If 193K is your anticipated gross income things like Traditional 401k/403b will reduce your AGI. Say you each max out Traditional 401k/403b for 18K each. This will give you A...