Search found 1074 matches

by pasadena
Thu Apr 15, 2021 11:43 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 390
Views: 25681

Re: "Nobody's ever regretted paying off the mortgage."

Ramsey's argument is basically the title of my post: Nobody's ever regretted paying off the mortgage. I doubt anybody's ever regretted investing tens of thousands of dollars in the S&P 500 and holding for 20 years, either. What makes sense from a financial point of view and what makes sense fro...
by pasadena
Thu Apr 15, 2021 11:37 am
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 124
Views: 13923

Re: If you hit your # would you retire in this market?

I think your point is valid and that "number" should be higher when one is a decade into a raging bull market than it needs to be when in the midst of a bear market. I'm one of these people whose "number" includes some buffer - so it's higher than 25x. Now, the answer to your que...
by pasadena
Wed Apr 14, 2021 1:18 am
Forum: Personal Investments
Topic: HELP! Mega Backdoor Roth
Replies: 10
Views: 1209

Re: HELP! Mega Backdoor Roth

1. Based on conversation on this forum over the years, am I correct in thinking that the pro-rata rule would not apply if I do the in-service withdrawal/transfer to an external Roth? Correct, as long as you also convert (and pay taxes on) the $200 gains. Another option for these gains would be to r...
by pasadena
Tue Apr 13, 2021 1:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14657
Views: 1126842

Re: U.S. stocks continue to soar!

Today's shaping up to be a great day for my fun money account 8-)
by pasadena
Tue Apr 13, 2021 11:35 am
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 104
Views: 8093

Re: Multiple years of expenses in cash when starting retirement

I'm (hopefully) 10 years out from retirement, so my plans aren't set in stone. I'm planning on keeping a large-ish sum in cash, maybe 4 years of expenses. The main reason is that I will retire in a different country with all of my assets in the US. I'll need to keep some money locally, and in Euros ...
by pasadena
Tue Apr 13, 2021 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 43
Views: 2299

Re: Good HSA accounts?

We also have our non-payroll linked HSAs at Fidelity. No complaints at all. Wish our payroll linked HSA was at Fidelity. Same. Fidelity HSA has no fees, and the full range of investments that the company offers. I also appreciate that I can manage it with the exact same interface as the rest of my ...
by pasadena
Tue Apr 13, 2021 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How much does your employer sponsered health insurance cost you?
Replies: 43
Views: 2559

Re: How much does your employer sponsered health insurance cost you?

Currently, $0 (plus a few $ for vision and dental), and my company also contributes $1k to my HSA. Single HDHP plan.

At my previous employer, it was about $75 a month, also single HDHP plan. The deductible, coinsurance and copay were slightly higher than what I have now.
by pasadena
Tue Apr 13, 2021 2:06 am
Forum: Personal Investments
Topic: Emergency (oh my God fund)
Replies: 45
Views: 4646

Re: Emergency (oh my God fund)

I keep 6 months of regular expenses in cash. This is mostly to act as income replacement in case of job loss. I'm not a homeowner, so other potential emergencies are pretty limited - car totaled, need for relocation, unplanned travel to my home country for a family emergency would be the big ones......
by pasadena
Tue Apr 13, 2021 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Zelle/Venmo/Cashapp?
Replies: 44
Views: 3857

Re: Zelle/Venmo/Cashapp?

I'm not entirely sure what you're asking :) - I use Zelle to pay my rent every month, from my checking account at Ally. The money gets to my landlord very fast and I never had a problem with it - been using it for 2.5 years. - I use Venmo to send/receive money to/from my friends, family, and some th...
by pasadena
Mon Apr 12, 2021 1:02 pm
Forum: Personal Investments
Topic: H1B visa holder with Green card is in process. How should I plan for my retirement
Replies: 20
Views: 1735

Re: H1B visa holder with Green card is in process. How should I plan for my retirement

As an H1B holder, and a future GC holder, you are a resident alien for tax purposes. You get the same tax advantages that US citizens do, as long as you remain so. By default, and in the majority of cases, I would say that both pre-tax 401(k) and Roth IRA contributions (either regular or backdoor, d...
by pasadena
Mon Apr 12, 2021 12:54 pm
Forum: Personal Investments
Topic: HELP! Mega Backdoor Roth
Replies: 10
Views: 1209

Re: HELP! Mega Backdoor Roth

Thanks for your response. The main issue for me with rolling it into the Roth 401k is RMD. I prefer to diversify more of my portfolio outside employer's 401k plan. Once the after tax money is converted to Roth within your 401(k), you can roll it over to a Roth IRA at any time and no cost. You could...
by pasadena
Mon Apr 12, 2021 12:52 pm
Forum: Personal Investments
Topic: HELP! Mega Backdoor Roth
Replies: 10
Views: 1209

Re: HELP! Mega Backdoor Roth

1. Based on conversation on this forum over the years, am I correct in thinking that the pro-rata rule would not apply if I do the in-service withdrawal/transfer to an external Roth? Correct, as long as you also convert (and pay taxes on) the $200 gains. Another option for these gains would be to r...
by pasadena
Sun Apr 11, 2021 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4870

Re: Do budgets work?

They do when the person is motivated to, and has the right tools. For me, someone with a higher income, it's mostly about plugging leaks - I know that I have a lot more money when I follow my budget than when I don't. For others, it will be about making sure they don't spend more than they earn, and...
by pasadena
Sun Apr 11, 2021 11:29 am
Forum: Personal Finance (Not Investing)
Topic: I usually use electronic bank transfers to send money
Replies: 26
Views: 2222

Re: I usually use electronic bank transfers to send money

For routine transfers, I use a wire if (1) I can easily initiate the wire online myself, and (2) the wire transfer is free on both the receiving and sending sides. Otherwise, I use ACH. This is also what I do. I wire funds from Fidelity to Ally because it's free on both ends. I use ACH for everythi...
by pasadena
Fri Apr 09, 2021 6:55 pm
Forum: Investing - Theory, News & General
Topic: FSMAX Shows 6% Loss Today?
Replies: 39
Views: 2514

Re: FSMAX Shows 6% Loss Today?

this is interesting... a 5.67% distribution is massive and considering this is a passive fund it's even more insane. What exactly caused this? I am thinking Vanguard Funds avoid this sort of thing. VSMAX shows something similar . I would think it's partly because of Tesla joining the S&P500, th...
by pasadena
Fri Apr 09, 2021 6:49 pm
Forum: Personal Investments
Topic: Consolidate Fidelity to Vanguard or not
Replies: 33
Views: 2508

Re: Consolidate Fidelity to Vanguard or not

My main brokerage account is at VG, but I have one at Fidelity for my RSU and ESPP shares. Whenever I get those and decide to sell them and invest the money in indexes, I transfer the money to VG.
by pasadena
Fri Apr 09, 2021 5:18 pm
Forum: Investing - Theory, News & General
Topic: FSMAX Shows 6% Loss Today?
Replies: 39
Views: 2514

Re: FSMAX Shows 6% Loss Today?

FSKAX is also posting dividends today. You should be able to see something like this in your account, by clicking on the fund name:

Image
by pasadena
Fri Apr 09, 2021 4:29 pm
Forum: Personal Investments
Topic: Allocate 401k by contribution source
Replies: 15
Views: 923

Re: Allocate 401k by contribution source

My 401(k) lets me allocate per type (pre-tax, after tax, or roth). That being said, I do use the functionality. After tax funds are 100% stocks (Roth too, although I don't contribute Roth money, I do convert the after tax). Pre-tax is allocated across asset classes, so the whole thing ends up matchi...
by pasadena
Fri Apr 09, 2021 4:28 pm
Forum: Personal Investments
Topic: Allocate 401k by contribution source
Replies: 15
Views: 923

Re: Allocate 401k by contribution source

I haven't seen this. My 401(k) lets me allocate per type (pre-tax, after tax, or roth). I suppose in most cases this would end up being the same thing, but it makes a lot more sense to me that way. That being said, I do use the functionality. After tax funds are 100% stocks (Roth too, although I don...
by pasadena
Fri Apr 09, 2021 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Alliant is stealing my money via wrongful right of offset
Replies: 38
Views: 6372

Re: Help! Alliant is stealing my money via wrongful right of offset

The CFPB seems to be the way to go. If that fails, Twitter should work :twisted:

And I would definitely close my remaining accounts with them.
by pasadena
Fri Apr 09, 2021 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Questions for 10+ year retirees
Replies: 21
Views: 2937

Re: Questions for 10+ year retirees

I wonder why all the rules of thumb suggest that expenses will drop over time? I would say it's for several reasons, but "time" is probably more than 10 years. * No more employment expenses - the big ones being commute costs, lunch and clothing. * No more child expenses - including colleg...
by pasadena
Fri Apr 09, 2021 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Questions for 10+ year retirees
Replies: 21
Views: 2937

Re: Questions for 10+ year retirees

I wonder why all the rules of thumb suggest that expenses will drop over time? I would say it's for several reasons, but "time" is probably more than 10 years. * No more employment expenses - the big ones being commute costs, lunch and clothing. * No more child expenses - including colleg...
by pasadena
Thu Apr 08, 2021 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on AirBnB Charges
Replies: 18
Views: 1588

Re: Advice on AirBnB Charges

When did you make the reservation?
by pasadena
Wed Apr 07, 2021 12:24 pm
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6297

Re: How much cash do you really hold?

Would y'all handle an EF differently if fixed income (pension, ss) covered all expenses? Limit EF to possible big purchases (e.g., new furnace)? I would. Right now I'm thinking in terms of "how many months of living expenses" so it's more of an income replacement fund, and I don't really ...
by pasadena
Wed Apr 07, 2021 11:52 am
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7164

Re: How to lose the desire of outperforming the market?

You're thinking short term. Think long term, remember your goals and why you're investing that money. What's your horizon? How big is 2 months compared to that? Think about your long term strategy, write it down. Give yourself a few weeks to mull it over, then implement it. Whenever you feel the nee...
by pasadena
Wed Apr 07, 2021 11:46 am
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6297

Re: How much cash do you really hold?

I don't hold any cash in my investable assets. At most my settlement fund is a few $100's waiting to be invested in bulk. My EF is 6 months of living expenses. I also *currently* have about 3.5 months worth of monthly expenses in my savings account, but that's because I'm front-loading my 401(k) and...
by pasadena
Wed Apr 07, 2021 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit
Replies: 171
Views: 13957

Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

I'm going to take the contrarian position here... I'll pay. I can afford it, and the whole point is to provide protection for people who can't. So I'll just pay the damn tax and it won't change my life. I will probably never use it myself, but neither would I use a private LTC insurance, so if I'm g...
by pasadena
Tue Apr 06, 2021 4:35 pm
Forum: Personal Consumer Issues
Topic: Wife Beating Me Up over cost of Landscaping Job
Replies: 20
Views: 2549

Re: Wife Beating Me Up over cost of Landscaping Job

This sounds like a conversation you should have had before accepting the bid...
by pasadena
Tue Apr 06, 2021 12:09 pm
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12712

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

I'm still investing according to my IPS. To be honest, the market has been at a record high pretty much all of my investing life, had I stopped buying equities along the way and the numerous dips I may not have been able to reach my retirement accumulation goals. You are retiring in 5 years you say...
by pasadena
Tue Apr 06, 2021 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Any expats retired in europe? How much needed to retire?
Replies: 135
Views: 18449

Re: Any expats retired in europe? How much needed to retire?

...I think this could be both a blessing and a curse for ex-pats. On one hand, you probably don't have to worry about getting around or conducting day to day business. On the other, I get the sense that forming strong social bonds will be difficult without speaking the native language. People may s...
by pasadena
Mon Apr 05, 2021 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Any expats retired in europe? How much needed to retire?
Replies: 135
Views: 18449

Re: Any expats retired in europe? How much needed to retire?

ETA: Here is the link for the French-based explanation from the URSSAF of the non-EEA/non-French pensions that qualify (scroll down to the section): https://www.urssaf.fr/portail/home/espaces-dedies/beneficiaires-de-la-puma/assujettissement.html Hmmm, ok so the relevant part: Pour les pensions de r...
by pasadena
Mon Apr 05, 2021 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any expats retired in europe? How much needed to retire?
Replies: 135
Views: 18449

Re: Any expats retired in europe? How much needed to retire?

The French law (CSS Article L380-2, #2) does not explicitly state that the pension must be French sourced in order to have the CSM waived. Thus, taxing authorities are considering foreign pensions to also qualify for the exemption (within definition limits). That could change in the future, which i...
by pasadena
Mon Apr 05, 2021 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Any expats retired in europe? How much needed to retire?
Replies: 135
Views: 18449

Re: Any expats retired in europe? How much needed to retire?

Yes, the use of caps was intentional. Just because one declares oneself retired you may still be subject to a charge for the national health care if you are a resident of France from a non EEA country. This charge would take into account income from all passive sources. In this context "retire...
by pasadena
Mon Apr 05, 2021 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Any expats retired in europe? How much needed to retire?
Replies: 135
Views: 18449

Re: Any expats retired in europe? How much needed to retire?

The passage you quoted, above, was written by Valuethinker (not me). In any case, in order to address the question, we might direct it at goos_news, who wrote the comment that inspired this discussion on what "retirees" means (note that the word was in double-quotes in the original text, ...
by pasadena
Sun Apr 04, 2021 1:45 pm
Forum: Personal Investments
Topic: Can I makeup for previous low contributions? And review of new retirement plan.
Replies: 26
Views: 2212

Re: Can I makeup for previous low contributions? And review of new retirement plan.

Part 2. Can I "catch up" to missed years of low 401k contributions? I have maxed out my IRA since I started working, and a little 401k, but I've never contributed 15% . 1. Is there someway I can just make some kind of lump sum 401k deposit to bring me up to what I should have had? 2. Shou...
by pasadena
Sun Apr 04, 2021 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: A true zero wire transfer fee option
Replies: 22
Views: 1868

Re: A true zero wire transfer fee option

Fidelity CMA (cash management account) has debit cards, ACH/EFT, and no incoming or outgoing wire fees. It's not a "checking" account, but it's "like" a checking account. https://www.fidelity.com/cash-management/bank-wires Fidelity offers free wire transfers for all brokerage ac...
by pasadena
Sun Apr 04, 2021 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Jobhunting after Covid-19 quit
Replies: 35
Views: 4465

Re: Jobhunting after Covid-19 quit

Certificate was completed in May 2020 and expected summer internship was cancelled due to pandemic. I'm not sure it will matter at all for a non-retail job. This was a PT job to tie hem over during school, nobody expects those to last. Also, a good rule of thumb during a job interview, is to give e...
by pasadena
Sun Apr 04, 2021 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Jobhunting after Covid-19 quit
Replies: 35
Views: 4465

Re: Jobhunting after Covid-19 quit

Certificate was completed in May 2020 and expected summer internship was cancelled due to pandemic. I'm not sure it will matter at all for a non-retail job. This was a PT job to tie hem over during school, nobody expects those to last. Also, a good rule of thumb during a job interview, is to give e...
by pasadena
Fri Apr 02, 2021 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Snowbirds - mail and bills
Replies: 42
Views: 4297

Re: Snowbirds - mail and bills

Not a snowbird (I wish!) but I'm signed up for electronic billing and autopay for all my bills. I never, ever, receive paper bills or write checks. If autopay isn't available for some reason, I still pay online by CC.
by pasadena
Thu Apr 01, 2021 11:01 am
Forum: Personal Investments
Topic: FZROX vs FSKAX
Replies: 29
Views: 2573

Re: FZROX vs FSKAX

FIREchief wrote: Wed Mar 31, 2021 5:07 pm
pasadena wrote: Wed Mar 31, 2021 4:23 pm Another difference is that FZROX tends to throw off more dividends and capital gains than FSKAX.
Are you sure about this?
Actually no, I'm not. I'll double check.
by pasadena
Wed Mar 31, 2021 4:23 pm
Forum: Personal Investments
Topic: FZROX vs FSKAX
Replies: 29
Views: 2573

Re: FZROX vs FSKAX

Another difference is that FZROX tends to throw off more dividends and capital gains than FSKAX. I wouldn't recommend it in taxable, but that doesn't matter in a tax deferred account.

I hold FZROX and FZILX in my HSA - as an experiment. I'm still holding FSKAX and FTIHX in my 401(k).
by pasadena
Wed Mar 31, 2021 11:37 am
Forum: Personal Investments
Topic: Are these 401(k) fees normal?
Replies: 25
Views: 2201

Re: Are these 401(k) fees normal?

Your plan's Summary Plan Description should explain the fees. You should also be able to find those in the portal's documents if they have them. If they use different ER than retail for the funds, it should show in the fund's summary in the portal. Have you looked at that?
by pasadena
Tue Mar 09, 2021 6:06 pm
Forum: Personal Investments
Topic: Brokeragelink transfer -- are funds sold?
Replies: 21
Views: 1243

Re: Brokeragelink transfer -- are funds sold?

It may depend on your plan. Mine only allows "withdrawals" of cash-equivalent from the main account. Transferring to BrokerageLink does require selling the funds first.
by pasadena
Tue Mar 09, 2021 12:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14657
Views: 1126842

Re: U.S. stocks continue to soar!

Im bumping this thread. We are definitely soaring today. S&P 500, 4000 here we come!!!! Epic day for Nasdaq/Tech after a brutal week or so. Now if we can just have the same for the next few days we might get close to where we were :-) It's doing exactly what I've come to expect from it: "W...
by pasadena
Mon Mar 08, 2021 12:20 pm
Forum: Personal Investments
Topic: Deduct 401K Contribution from Bonus??
Replies: 17
Views: 1067

Re: Deduct 401K Contribution from Bonus??

I would say yes, as long as you don't lose on the match, although as you mention, it probably doesn't matter that much. My philosophy is, save before spend and money saved in a 401(k) is saved "forever", safe from me :) Besides, it means less playing around with the contribution %, which i...
by pasadena
Mon Mar 08, 2021 12:12 pm
Forum: Personal Investments
Topic: Mega Roth w/ high ER vs Taxable Account
Replies: 10
Views: 671

Re: Mega Roth w/ high ER vs Taxable Account

From a financial perspective, the Roth wins, as stated by above. This is even more true if you don't stay with that employer until retirement. The only thing that could make the taxable more attractive is if you think you might need to withdraw that money before age 59.5 and your plan doesn't allow ...
by pasadena
Sun Mar 07, 2021 5:38 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads who own individual stocks in "funny money" accounts, how do you know when to rebalance?
Replies: 40
Views: 3134

Re: Bogleheads who own individual stocks in "funny money" accounts, how do you know when to rebalance?

I have only two rules: * I don't buy more if it's too high compared to the rest of my investments - normally 5%-8%. It's not actually part of my AA. I do let it drift however high it wants to go. * I only buy more if I have actual spare money, i.e. if I've met or am on track to meet my other investm...
by pasadena
Fri Feb 26, 2021 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Ally bank website not working?
Replies: 3
Views: 329

Re: Ally bank website not working?

No problems for me.
by pasadena
Mon Feb 22, 2021 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: CA to WA move tax question
Replies: 13
Views: 925

Re: CA to WA move tax question

I would talk to a CPA to clarify the tax issues. Moving for your wife's career is a good reason -but it could be detrimental to yours, so you have a choice to make. But whatever you gain in taxes may be offset by travel and accommodation costs if you have to commute to CA on a regular basis. It migh...
by pasadena
Thu Feb 18, 2021 1:01 pm
Forum: Personal Consumer Issues
Topic: Any Boglehead Lessons From the Texas Winter Storm?
Replies: 226
Views: 18535

Re: Any Boglehead Lessons From the Texas Winter Storm?

I'm not in Texas but had a couple of multi-days power outages this year. We didn't have the freak temperatures you guys are having, thankfully, so I can't really help with that. - A gas barbecue if you have the space. You're in a condo, so I guess not, but mine came in very handy for cooking and boi...