Search found 3366 matches

by sailaway
Tue Aug 03, 2021 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Do we have to claim it as income?
Replies: 17
Views: 1261

Re: Do we have to claim it as income?

This screams of dodging insurance, employment and tax rules.
by sailaway
Tue Aug 03, 2021 7:53 pm
Forum: Personal Investments
Topic: What to do with home sale proceeds when transitioning to long-term apartment living?
Replies: 7
Views: 547

Re: What to do with home sale proceeds when transitioning to long-term apartment living?

Open a taxable account and buy a bunch of VTI.

If you are not able to use salaries to max out workplace savings and IRAs (which is $6000) and HSA (if eligible), then you might consider keeping some in cash to maximize contributions and live off the savings.
by sailaway
Tue Aug 03, 2021 7:53 pm
Forum: Personal Investments
Topic: What to do with home sale proceeds when transitioning to long-term apartment living?
Replies: 7
Views: 547

Re: What to do with home sale proceeds when transitioning to long-term apartment living?

Open a taxable account and buy a bunch of VTI.

If you are not able to use salaries to max out workplace savings and IRAs (which is $6000) and HSA (if eligible), then you might consider keeping some in cash to maximize contributions and live off the savings.
by sailaway
Tue Aug 03, 2021 11:24 am
Forum: Personal Investments
Topic: Question about putting high proportion of income into 401k
Replies: 20
Views: 1307

Re: Question about putting high proportion of income into 401k

Thanks everyone - My main concerns at this point... 1) Breaking the payroll system - since if I went ahead with 90% then my remaining gross income would be $176. But there is no employer deductions for health insurance etc. would just be payroll taxes/income/medicare taxes, so maybe it wouldn't mat...
by sailaway
Tue Aug 03, 2021 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Semi-FIRE by 40 with kids?
Replies: 27
Views: 2397

Re: Semi-FIRE by 40 with kids?

We have 25-30x expenses saved and a couple young kids. I think our ideal situation would be for one or both of us to work part-time, maybe 20 hours a week so we have more time for family, exercise, leisure, travel, etc and a bit less stress. If we can both find decent part-time jobs, that should co...
by sailaway
Tue Aug 03, 2021 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 1136
Views: 207248

Re: Bank of America/Merrill Edge - Preferred Rewards

BofA is really low tech. You deleted this account sometime in the past, so you cannot add it again online. Fill out the Account Add form and mail it to us. What the hell do they mean by "so"? This isn't logical at all. Actually, sounds like fairly standard fraud prevention. You deleted th...
by sailaway
Tue Aug 03, 2021 10:46 am
Forum: Personal Investments
Topic: Question about putting high proportion of income into 401k
Replies: 20
Views: 1307

Re: Question about putting high proportion of income into 401k

Thanks, alright so I found out that I can put up to 90% into the 401k. So there is nothing sketchy tax wise about doing that, living off of other cash and getting the benefits of the lower AGI in terms of health care subsidies, etc? Run some numbers: you may be able to put in 90% in traditional, bu...
by sailaway
Tue Aug 03, 2021 10:34 am
Forum: Personal Investments
Topic: X expenses in different types of accounts
Replies: 14
Views: 742

Re: X expenses in different types of accounts

Taxes are an expense, so the expenses may change, rather than the multiplier.

And I say "may change" because it depends on your own situation. Perhaps you will do conversions that only add up to your standard deduction, thus paying little to no taxes on your traditional account.
by sailaway
Tue Aug 03, 2021 8:52 am
Forum: Personal Investments
Topic: Taxable Dividends to Fund Backdoor Roth IRA Contribution
Replies: 5
Views: 338

Re: Taxable Dividends to Fund Backdoor Roth IRA Contribution

Is there a reason you aren't reinvesting the dividends automatically?
by sailaway
Mon Aug 02, 2021 10:18 pm
Forum: Personal Consumer Issues
Topic: I really want a car but don't need one: Please help
Replies: 41
Views: 3084

Re: I really want a car but don't need one: Please help

I think you are underestimating how much of a PITA the street parking will be.

I think I would wait a while to see if the rental market returns to the old normal.
by sailaway
Mon Aug 02, 2021 7:14 pm
Forum: Personal Consumer Issues
Topic: Cutting/optimizing household electric usage
Replies: 24
Views: 1324

Re: Cutting/optimizing household electric usage

Wow - we use about 8 kwh per day and are considered efficient compared to our neighbors, so I am already impressed. Just your average refrigerator will use more than the 18Kwh you mention for the previous month, much less the 8 for the month you were traveling. So perhaps your company has messed up ...
by sailaway
Mon Aug 02, 2021 7:03 pm
Forum: Personal Consumer Issues
Topic: How to find a GP who aligns with my philosophy/needs?
Replies: 26
Views: 2562

Re: How to find a GP who aligns with my philosophy/needs?

It sounds like you would be interested in someone who advertises as functional medicine.

You should be aware that this would still involve tests and numbers, but the tests are less likely to be covered by insurance.
by sailaway
Mon Aug 02, 2021 5:30 pm
Forum: Personal Consumer Issues
Topic: How Do You Tell Who Is Winning The Olympics
Replies: 9
Views: 781

Re: How Do You Tell Who Is Winning The Olympics

Since when does anyone win the Olympics??
by sailaway
Mon Aug 02, 2021 4:04 pm
Forum: Personal Consumer Issues
Topic: Cost of cleaning out hoarder house
Replies: 24
Views: 3109

Re: Cost of cleaning out hoarder house

Is any of the material hazmat? Are any of the belongings worth salvaging? You will call different services depending on these and similar factors.
by sailaway
Mon Aug 02, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Roast our budget
Replies: 51
Views: 2842

Re: Roast our budget

If you wanted real feedback on your budget, you should've left your income off the post. No one will be able to get past a $105k budget on a salary of $850k. Several of us have asked about their goals, as that is the only way to evaluate a budget, no matter what the income is. OP's very vague respo...
by sailaway
Mon Aug 02, 2021 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Roast our budget
Replies: 51
Views: 2842

Re: Roast our budget

What are your goals? Looks like you can afford this, with the car(s) being the only debt.

I do wonder why your cell phone bill is so high, but perhaps that includes payments on the phones?
by sailaway
Mon Aug 02, 2021 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 1136
Views: 207248

Re: Bank of America/Merrill Edge - Preferred Rewards

Although not the order we did it in, this is basically our setup and the authorized user does earn the rewards, but does not get the bump up on their own rewards. Thanks, that makes sense. What is the benefit of a co-borrower on the CC? So the card does not get deactivated when one spouse dies? In ...
by sailaway
Mon Aug 02, 2021 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 1136
Views: 207248

Re: Bank of America/Merrill Edge - Preferred Rewards

Although not the order we did it in, this is basically our setup and the authorized user does earn the rewards, but does not get the bump up on their own rewards. Thanks, that makes sense. What is the benefit of a co-borrower on the CC? So the card does not get deactivated when one spouse dies? In ...
by sailaway
Sun Aug 01, 2021 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 1136
Views: 207248

Re: Bank of America/Merrill Edge - Preferred Rewards

Although not the order we did it in, this is basically our setup and the authorized user does earn the rewards, but does not get the bump up on their own rewards.
by sailaway
Sun Aug 01, 2021 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 1136
Views: 207248

Re: Bank of America/Merrill Edge - Preferred Rewards

Don't link it on the BofA site, link it from the other bank. Whenever I pay CC, I generally let my CC pull from checking. I guess I could try BillPay from Ally, but what's the issue with what I'm trying to do? Also, iirc somewhere along the sign-up process they asked to transfer money but I was abl...
by sailaway
Sun Aug 01, 2021 1:08 pm
Forum: Personal Investments
Topic: Rollover IRA to Roth IRA Questions
Replies: 6
Views: 340

Re: Rollover IRA to Roth IRA Questions

The I in IRA is individual. The only way to change hands is death. The pro rata rule only applies if you have some non deductible and lots of gains and/or deductible contributions. Otherwise, everything is taxable. Why does he want to make the conversion? Some people just jump onboard because it is ...
by sailaway
Sun Aug 01, 2021 11:16 am
Forum: Investing - Theory, News & General
Topic: Nice FIRE Net Worth Blog 2005-2015
Replies: 159
Views: 13545

Re: Nice FIRE Net Worth Blog 2005-2015

It's a failure. When you intend to walk for good and had to come back for financial reasons, I don't see how anyone can give him a passing grade for this particular adventure. Life threw curveballs at him and his plans weren't ready. It is judgemental stuff like this that has us calling our time of...
by sailaway
Sun Aug 01, 2021 10:08 am
Forum: Personal Finance (Not Investing)
Topic: How best to unwind an account held by DW for a relative in a legal way
Replies: 28
Views: 1910

Re: How best to unwind an account held by DW for a relative in a legal way

Not only is this likely a gift, the relative likely has an overdue gift tax form to file, as well.

Talk to your tax professional to see if there is some way to structure this, but there aren't usually a lot of after the fact options.
by sailaway
Sun Aug 01, 2021 9:03 am
Forum: Investing - Theory, News & General
Topic: Nice FIRE Net Worth Blog 2005-2015
Replies: 159
Views: 13545

Re: Nice FIRE Net Worth Blog 2005-2015

I think these people just don’t know enough about the likely events life will throw at them. They retire extremely early, so they won’t have much SS credits…. Like this guy in the article, they can’t realistically forecast their future spending. And they can’t anticipate how their needs and wants w...
by sailaway
Sat Jul 31, 2021 9:15 pm
Forum: Investing - Theory, News & General
Topic: Nice FIRE Net Worth Blog 2005-2015
Replies: 159
Views: 13545

Re: Nice FIRE Net Worth Blog 2005-2015

So for someone who spends 80k and wants to retire at 40, what would the early retirement skeptics consider a safe nest egg? My own target is a 3.3 to 3.5% withdrawal rate, so for your example the number would be 2.4 million. Having some flexibility makes the plan more likely to succeed; if 40k of t...
by sailaway
Fri Jul 30, 2021 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Does Backdoor Roth Inhibit Megabackdoor Roth?
Replies: 14
Views: 812

Re: Does Backdoor Roth Inhibit Megabackdoor Roth?

What is your MBR process? If you are rolling gains to a tIRA, then you have a tIRA balance that can inhibit the backdoor Roth. If you are doing in plan conversions or paying tax on earnings to roll them to Roth, then the two processes are completely independent and should not interfere with each oth...
by sailaway
Fri Jul 30, 2021 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much financial support do you plan on giving to your kids after high school?
Replies: 177
Views: 13659

Re: How much financial support do you plan on giving to your kids after high school?

My parents handled scholarships with a sigh of relief: they were able to meet their obligations during the overlapping year thanks to those scholarships. My IL's handled scholarships by doling out the savings upon graduation, as a life launching fund. Speaking of life launching funds. It frequently ...
by sailaway
Fri Jul 30, 2021 11:42 am
Forum: Personal Consumer Issues
Topic: Do you have a "man garage" away from your home?
Replies: 62
Views: 5503

Re: Do you have a "man garage" away from your home?

I only know people who have these spaces because they end up loaning/renting some of that space to the people I know directly. Does one of your buddies have extra space?
by sailaway
Fri Jul 30, 2021 10:53 am
Forum: Personal Consumer Issues
Topic: Inflatable Stand Up Paddle Board recommendations?
Replies: 10
Views: 912

Re: Inflatable Stand Up Paddle Board recommendations?

We got the Body Glove Performer from Costco and are happy with it so far. Laughed myself silly when I fell over backwards and landed on my hiney without falling off.
by sailaway
Thu Jul 29, 2021 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Close/Rollover Solo 401K
Replies: 8
Views: 428

Re: Close/Rollover Solo 401K

I am just waiting for the funds to clear into the IRA - I just started the process this week. August is that close. That's different. I misunderstood your timing. Perhaps I should have been more honest: I have a note sitting on top of a pile of Vanguard paperwork sitting on my dining room table, mo...
by sailaway
Thu Jul 29, 2021 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Close/Rollover Solo 401K
Replies: 8
Views: 428

Re: Close/Rollover Solo 401K

I also chose to rollover and close my i401k rather than go through the (admittedly easy) process of reinstating. There is a fairly long checklist of what you need to do, but much of it is repetitive or optional and it does boil down to: ... -file the final 5500. I put it on my August to do list so ...
by sailaway
Thu Jul 29, 2021 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much financial support do you plan on giving to your kids after high school?
Replies: 177
Views: 13659

Re: How much financial support do you plan on giving to your kids after high school?

Many colleges are set up to deter on campus students from having cars (ie, expensive parking on the opposite side of campus from the dorms). If they are in a college town, they probably aren't necessary, unless you want them to have one to drive themselves home.
by sailaway
Thu Jul 29, 2021 4:03 pm
Forum: Personal Consumer Issues
Topic: Delta "Comfort Seat" Selection
Replies: 21
Views: 2626

Re: Delta "Comfort Seat" Selection

Delta Comfort+ essentially means getting a few (3"") more legroom. For some people this is a godsend. Some people couldn't care less. I don't hesitate to pay up for it if I am otherwise on an international flight in main cabin. Delta also tries to guard the overhead bin space for this par...
by sailaway
Thu Jul 29, 2021 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable account timing
Replies: 7
Views: 708

Re: Taxable account timing

Each time you buy, you create a "lot." If you have spec ID accounting (which I assume is the default at M1), then you choose the lot to sell that has the most advantageous tax treatment for you. Each lot has its own individual timeline.
by sailaway
Thu Jul 29, 2021 3:28 pm
Forum: Personal Consumer Issues
Topic: Delta "Comfort Seat" Selection
Replies: 21
Views: 2626

Re: Delta "Comfort Seat" Selection

Delta Comfort+ essentially means getting a few (3"") more legroom. For some people this is a godsend. Some people couldn't care less. I don't hesitate to pay up for it if I am otherwise on an international flight in main cabin. Delta also tries to guard the overhead bin space for this par...
by sailaway
Thu Jul 29, 2021 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Close/Rollover Solo 401K
Replies: 8
Views: 428

Re: Close/Rollover Solo 401K

I also chose to rollover and close my i401k rather than go through the (admittedly easy) process of reinstating. There is a fairly long checklist of what you need to do, but much of it is repetitive or optional and it does boil down to: -draft a letter informing yourself that the plan is ending and ...
by sailaway
Thu Jul 29, 2021 10:48 am
Forum: Investing - Theory, News & General
Topic: How much Gold do you own and why?
Replies: 248
Views: 18369

Re: How much Gold do you own and why?

Always passive wrote: Thu Jul 29, 2021 10:45 am
Toons wrote: Thu Jul 29, 2021 10:39 am None
Non producing Asset


:happy
If you do not invest in gold, please do not answer. I am looking for reasons to invest and not why not invest.
Well, at least we are being honest about our desire for confirmation...
by sailaway
Thu Jul 29, 2021 10:23 am
Forum: Personal Consumer Issues
Topic: Delta "Comfort Seat" Selection
Replies: 21
Views: 2626

Re: Delta "Comfort Seat" Selection

Some if those seats will go to those if us who buy cheap tickets but have a high status with the airline. DH used to travel a lot for work out of Atlanta, so we get upgraded to whatever is available. As mentioned, C+ isn't always worth it, but on our last flight, it was labelled C+ on the ticket, bu...
by sailaway
Thu Jul 29, 2021 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How strong are my golden handcuffs
Replies: 220
Views: 18726

Re: How strong are my golden handcuffs

snackdog wrote: Thu Jul 29, 2021 10:08 am The WFH aspect seems immature and petulant - not a reason to quit. I would leave it out of the equation.
Valuing family life is petulant and immature?!

What a load of calvanistic claptrap.
by sailaway
Wed Jul 28, 2021 5:22 pm
Forum: Personal Investments
Topic: New Investor Returns
Replies: 24
Views: 1720

Re: New Investor Returns

First I'd like to thank you all for your comments. Although not young, Iam in my infancy on the learning curve. To answer some of your questions: My returns so far have been: VNQ: 9.87% VXUS: -.76% VOO: 2.76% VTI: 5.26% BND 1.63% And you think only one if these is a good 3 month return? The problem...
by sailaway
Wed Jul 28, 2021 3:37 pm
Forum: Personal Consumer Issues
Topic: How much did you spend on Furniture?
Replies: 64
Views: 7073

Re: How much did you spend on Furniture?

Will you use the formal living room? Do you like hosting?
by sailaway
Wed Jul 28, 2021 3:06 pm
Forum: Investing - Theory, News & General
Topic: How many people do publicly traded companies employ?
Replies: 8
Views: 1133

Re: How many people do publicly traded companies employ?

The Google sez...1/3 of US non farm workers.
by sailaway
Tue Jul 27, 2021 2:09 pm
Forum: Personal Investments
Topic: Before-Tax, After-Tax, and Roth in 401K
Replies: 25
Views: 1586

Re: Before-Tax, After-Tax, and Roth in 401K

Can you convert the after tax to Roth or roll it out to a Roth IRA?

What is your current tax bracket? Do you plan to retire early?
by sailaway
Tue Jul 27, 2021 12:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23845
Views: 3119074

Re: U.S. stocks in free fall

lostdog wrote: Tue Jul 27, 2021 12:52 pm I bought $7,000 worth of $VXUS.
Pshaw, Megacorp (and hence upcoming RSUs) is down far more than that!
by sailaway
Tue Jul 27, 2021 11:39 am
Forum: Personal Finance (Not Investing)
Topic: How strong are my golden handcuffs
Replies: 220
Views: 18726

Re: How strong are my goldern handcuffs

Honestly, if I were at a 1.5% SWR, I would put up with 0 BS. I would try to continue to work from home if I were enjoying the work, but there is always another golden handcuff around the corner. Would the raw dollar amount of the golden handcuffs matter to you if you were at that WR? Intellectually...
by sailaway
Tue Jul 27, 2021 10:30 am
Forum: Personal Finance (Not Investing)
Topic: How strong are my golden handcuffs
Replies: 220
Views: 18726

Re: How strong are my goldern handcuffs

Honestly, if I were at a 1.5% SWR, I would put up with 0 BS. I would try to continue to work from home if I were enjoying the work, but there is always another golden handcuff around the corner. However, I recognize that others would say the same thing about our 3.5% SWR and we are also waiting out ...
by sailaway
Tue Jul 27, 2021 9:42 am
Forum: Personal Investments
Topic: Solo 401k; What does this message from Fidelity mean?
Replies: 10
Views: 901

Re: Solo 401k; What does this message from Fidelity mean?

How long has the 401k been open? This was my year to reinstate, as well, albeit with a different provider. Have you tried clicking the link? It probably takes you to instructions. Probably about 6 years. I didnt want to click the link without knowing what was going on first. What does "reinsta...
by sailaway
Tue Jul 27, 2021 9:39 am
Forum: Personal Investments
Topic: Solo 401k; What does this message from Fidelity mean?
Replies: 10
Views: 901

Re: Solo 401k; What does this message from Fidelity mean?

How long has the 401k been open? This was my year to reinstate, as well, albeit with a different provider. Have you tried clicking the link? It probably takes you to instructions. It is basically a means of reaffirming that you are eligible for a 401k and the one you have continues to be an eligible...
by sailaway
Tue Jul 27, 2021 8:35 am
Forum: Personal Investments
Topic: Sell bond or stock during retirement withdrawal
Replies: 9
Views: 1131

Re: Sell bond or stock during retirement withdrawal

1) If you're 50/50 at the time, sure. 2) Yes. 3) Dividends are unlikely to be enough alone regardless. So: assume you'll get some cash in dividends and sell stocks/bonds on top of that. Dividend-focused strategies just take control out of your hands (in taxable accounts). Basically, ignore dividend...
by sailaway
Mon Jul 26, 2021 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Really how many times your annual spending?
Replies: 98
Views: 10397

Re: Really how many times your annual spending?

Is there a guide (for us newbies) of a SWR by age. Like 4% is for those retiring 65+, how about those retiring at 60, 55, 50, and so on? My own rule of thumb for this is 25x at 65, 33x at 55, I haven't really considered younger than 55, but it wouldn't need to be that much more than 33x. I agree wi...