Search found 229 matches

by dachshunddad
Sat Dec 16, 2023 5:30 am
Forum: Personal Investments
Topic: international stock in taxable brokerage or ROTH IRA?
Replies: 62
Views: 10739

Re: international stock in taxable brokerage or ROTH IRA?

livesoft wrote: Wed Dec 13, 2023 4:13 pm
dachshunddad wrote: Wed Dec 13, 2023 3:21 pm The FTC is actually a little more than than the foreign taxes paid on the 1099-DIV
Now that is really interesting. Any ideas why? Some carryover from a previous year? Some foreign income that was taxed and didn't come through 1099-DIV (say on a 1099-INT)?
Yes, it looks like the difference is the small amount labeled interest dividends . I’m impressed that you thought of that!
by dachshunddad
Wed Dec 13, 2023 3:21 pm
Forum: Personal Investments
Topic: international stock in taxable brokerage or ROTH IRA?
Replies: 62
Views: 10739

Re: international stock in taxable brokerage or ROTH IRA?

livesoft wrote: Wed Dec 13, 2023 3:11 pm
dachshunddad wrote: Wed Dec 13, 2023 2:55 pmI’ll see if I can figure out how to upload. It looks like the tax credit is about 10% of the dividends.
I think that is typical as the foreign tax on dividends is about 7% to 10% of the dividends. More importantly, does the FTC equal the total amount of foreign taxes withheld on the 1099-DIV that you received?
The FTC is actually a little more than than the foreign taxes paid on the 1099-DIV
by dachshunddad
Wed Dec 13, 2023 2:55 pm
Forum: Personal Investments
Topic: international stock in taxable brokerage or ROTH IRA?
Replies: 62
Views: 10739

Re: international stock in taxable brokerage or ROTH IRA?

livesoft wrote: Wed Dec 13, 2023 2:22 pm
dachshunddad wrote: Wed Dec 13, 2023 2:14 pmThanks. My accountant does Form 1116 already so probably doesn’t matter. Appreciate it.
Oooh! I think it would be interesting to see your Form 1116 posted in this thread. Of course, black out any personally identifiable information first. I would like to see what a tax accountant really does with the form. :)
I’ll see if I can figure out how to upload. It looks like the tax credit is about 10% of the dividends.
by dachshunddad
Wed Dec 13, 2023 2:14 pm
Forum: Personal Investments
Topic: international stock in taxable brokerage or ROTH IRA?
Replies: 62
Views: 10739

Re: international stock in taxable brokerage or ROTH IRA?

livesoft wrote: Wed Dec 13, 2023 12:50 pm
dachshunddad wrote: Wed Dec 13, 2023 12:31 pmLivesoft, once you have over $673K of international in taxable brokerage, does it make sense to put more international in tax deferred since you won’t get foreign tax credit? (While still in high tax bracket). Thanks
I think you would still get the FTC or it would be carried over, but filling out Form 1116 is more complicated.

In the end it really doesn't matter where you put your international funds: taxable, tax-deferred, or Roth. You will probably have some in all those kinds of accounts.
Thanks. My accountant does Form 1116 already so probably doesn’t matter. Appreciate it.
by dachshunddad
Wed Dec 13, 2023 12:31 pm
Forum: Personal Investments
Topic: international stock in taxable brokerage or ROTH IRA?
Replies: 62
Views: 10739

Re: international stock in taxable brokerage or ROTH IRA?

[...] What's the logic here? [...] Secondly: isn't it true that if held in your tax deferred account, the foreign taxes are still withheld? This would further reduce the advantage of shifting some funds to the tax deferred account. Thank you. What a wonderful analysis! Thanks! I think you should provide a tutorial for filling out a Form 1116 in the situation you described in a separate thread with annotated images of the form. It has also been awhile since anyone (@jcloud last time) posted a link to tax-cost spreadsheet such as this link: https://www.bogleheads.org/forum/viewtopic.php?t=375087 For my tax situation, we are not wealthy enough to have as much as $673K+ invested in an international fund in a taxable account. Also, our qualifie...
by dachshunddad
Sun May 14, 2023 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to simplify my accounts
Replies: 31
Views: 3741

Re: Trying to simplify my accounts

BV3273 wrote: Sun May 14, 2023 12:48 pm My 2023 resolution is to simplify my financial life. I began closing erroneous accounts.

I am curious to see how my BH friends are handling their finances. Does everything get Direct Deposited and moved from there? Automate mortgage payment, CC bills, investments, etc…from the one account?

I really wish they taught Persona Finance 101 in high school.

Thanks in advance!
-BV
Yes, also working on simplicity. For me, Fidelity will nearly be a one stop shop.
by dachshunddad
Thu Apr 27, 2023 9:53 pm
Forum: Personal Investments
Topic: Savings Account for Small Business
Replies: 7
Views: 1008

Re: Savings Account for Small Business

I opened a Fidelity account as others have said. It’s for a simple business and seems to meet my needs. Anything complex would likely be easier at a traditional bank from my experience.
by dachshunddad
Mon Apr 24, 2023 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth + High Spending: Early retirement or go back to work?
Replies: 67
Views: 11445

Re: High Net Worth + High Spending: Early retirement or go back to work?

I’m not seeing a lot of “holes” in your plan. You aren’t spending a crazy amount relative to your portfolio. As long as that doesn’t change, I would say chance of failure is very low. And failure may mean at age 75 you sell your house and downsize.
by dachshunddad
Wed Mar 15, 2023 8:31 am
Forum: Personal Investments
Topic: Fidelity sweep account - UMB Bank
Replies: 10
Views: 3203

Re: Fidelity sweep account - UMB Bank

edgeway wrote: Tue Mar 14, 2023 7:41 pm I hope this isn’t derailing the thread but it seems on point. I have the same concern with Interactive Brokers. IBKR uses UMB Bank as well but for direct ACH transactions, which is how my payroll gets deposited. If UMB goes under, does FDIC cover it? Would my payroll get disrupted?

This has crossed my mind also. Could deposits, bill pay , etc be disrupted??
by dachshunddad
Mon Jul 04, 2022 1:17 pm
Forum: Personal Consumer Issues
Topic: Shut off water before a vacation
Replies: 111
Views: 15632

Re: Shut off water before a vacation

If you have a hot water recirculating pump: Unplug and close your water recirculating pump if you shut off the water. I didn’t and air got into the line (probably from tiny leak) and destroyed my pump. Easy to avoid by unplugging and closing the recirculating line.
by dachshunddad
Wed Feb 23, 2022 10:23 pm
Forum: Investing - Theory, News & General
Topic: What's your trigger for deciding it's time to buy more stocks during a down market?
Replies: 88
Views: 10967

Re: What's your trigger for deciding it's time to buy more stocks during a down market?

If the market drops >30% I’ll change my AA from 80%stocks/20 bonds to 90% stocks/10 bonds. I know it’s market timing but this change won’t derail my financial plan.
by dachshunddad
Sat Nov 27, 2021 12:50 pm
Forum: Personal Investments
Topic: Willing to share your Taxable Portfolio?
Replies: 381
Views: 57285

Re: Willing to share your Taxable Portfolio?

Tax loss harvesting done so ETFs are where landed.

76% SCHB
19% VXUS
5% cash

The cash probably shouldn’t be held there as it is not emergency savings. I’ll probably invest it and switch some retirement accounts to bonds to keep my allocation.
by dachshunddad
Fri Oct 15, 2021 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this home?
Replies: 28
Views: 2866

Re: Can we afford this home?

I think you can afford it. If you want to retire at 50 you will need to limit lifestyle creep and not upgrade this house though.
by dachshunddad
Sat May 22, 2021 8:38 pm
Forum: Personal Investments
Topic: New investor (Fidelity, Vanguard or Charles Schwab)
Replies: 18
Views: 2751

Re: New investor (Fidelity, Vanguard or Charles Schwab)

I’d go with one that has the checking option. Fidelity has this with cash management account, best HSA, and great customer service. While you can’t go wrong with any, I feel like this is more “all in one”.
by dachshunddad
Tue May 18, 2021 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my condo?
Replies: 15
Views: 1815

Re: Should I sell my condo?

Bobby206 wrote: Tue May 18, 2021 9:31 pm

SELL while the market is hot!
This is the other good point. The values have popped 20%+ this year.
by dachshunddad
Tue May 18, 2021 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my condo?
Replies: 15
Views: 1815

Re: Should I sell my condo?

I’m in a similar situation. I’m listing mine for sale. The return on equity on mine (and yours) isn’t very good. Taxes and HOA eat into profit. Also, Tax free gain is hard to pass up. I’ll be putting it in total US/INTL index funds after the sale.
by dachshunddad
Fri May 07, 2021 8:44 pm
Forum: Personal Investments
Topic: Taxable to 529 with TLH, double tax savings?
Replies: 4
Views: 689

Re: Taxable to 529 with TLH, double tax savings?

I want to front load my child’s 529 for long term growth. However, I am hesitant to put a lump sum in for the year with high market valuation. Of course, I don’t want to sit on cash so I was thinking of buying in my taxable account. If the market drops, I can tax loss harvest and transfer to the 529. This would give me the upside if the market climbs but the ability to TLH before putting it in the 529 to grow. Thoughts? Overthinking this and I should just put it in 529? Thanks in advance for your thoughts. What if you put it in taxable and it continues to grow for awhile? By then you can't put it in the 529 anymore without selling and incurring a capital gain. In the meantime you'd lose any tax benefit from contributing (if your state has ...
by dachshunddad
Thu May 06, 2021 10:03 pm
Forum: Personal Investments
Topic: Taxable to 529 with TLH, double tax savings?
Replies: 4
Views: 689

Taxable to 529 with TLH, double tax savings?

I want to front load my child’s 529 for long term growth. However, I am hesitant to put a lump sum in for the year with high market valuation. Of course, I don’t want to sit on cash so I was thinking of buying in my taxable account. If the market drops, I can tax loss harvest and transfer to the 529. This would give me the upside if the market climbs but the ability to TLH before putting it in the 529 to grow. Thoughts? Overthinking this and I should just put it in 529?

Thanks in advance for your thoughts.
by dachshunddad
Thu May 06, 2021 9:40 pm
Forum: Personal Investments
Topic: 33 | Single | Rent | When to take the foot off the pedal?
Replies: 20
Views: 3666

Re: 33 | Single | Rent | When to take the foot off the pedal?

You could do small adjustments and trim some risk. But you are pretty young to scale way back on the risk scale IMO.
by dachshunddad
Tue Apr 27, 2021 10:19 pm
Forum: Personal Consumer Issues
Topic: First time to Hawaii with family
Replies: 55
Views: 7476

Re: First time to Hawaii with family

I’ve done two trips to Maui through Costco travel. They sometimes have great deals.
by dachshunddad
Tue Mar 30, 2021 8:47 pm
Forum: Personal Consumer Issues
Topic: Tankless Water Heater - Struggling to Justify
Replies: 71
Views: 7845

Re: Tankless Water Heater - Struggling to Justify

I had the tankless /tank dilemma also. I have gas and the break even for tankless was 20 years. I just swapped the tank out. I could change the tank out more than 2x and still be ahead. If you don’t have to retrofit (ie new build) it makes sense. Or if you go from electric to gas it has bigger savings.
by dachshunddad
Tue Mar 30, 2021 8:43 pm
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 687
Views: 180661

Re: Are we in a housing bubble?

I hope it keeps up. I’m selling my rental property soon and hoping it gets caught up in the bubble :D :moneybag
by dachshunddad
Tue Mar 30, 2021 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Spending money and living now VS saving and living better later?
Replies: 103
Views: 24562

Re: Spending money and living now VS saving and living better later?

Buying more stuff or nicer cars won’t improve your long term happiness. Invest in experiences and let them appreciate over time.
by dachshunddad
Sun Mar 28, 2021 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can I stop working?
Replies: 120
Views: 14616

Re: Can I stop working?

If you stick with your budget you should be fine to retire. Particularly with access to healthcare for 10 more years. As others have mentioned, statically you’ve won the game. Now walking away from that compensation is probably difficult. That is a harder decision. But I suspect you will know when it isn’t worth it anymore (ie physical/emotional stress not worth the money).
by dachshunddad
Sat Mar 27, 2021 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5 mil house with 5 mil net worth, too much?
Replies: 74
Views: 11060

Re: 2.5 mil house with 5 mil net worth, too much?

Before everyone comes in here to tell you that this is too much house, I’ll just say this. With an income of 700k, it’s mostly about priorities. You can obviously afford to pay for this house. Just make sure it doesn’t prevent you from living the lifestyle you want for your family and doesn’t prevent you from achieving your financial goals. The question isn’t can I afford the house, but will this house make me house poor? And to answer that you need to do some thinking. Questions to think about: 1. What is your retirement number? How much do you need to save to get there with a conservative annual return? 2. What are my annual expenses? Can I achieve my savings target with this new mortgage? 3. Do I have a plan for my kid’s education? 4. I...
by dachshunddad
Tue Mar 23, 2021 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market [Home sales]
Replies: 2905
Views: 515350

Re: Tales from this insane real estate market

Good plan to wait. I’ve only ever bought properties in a “cool” market and when there were no other offers. I’ve had to rent or wait for the right time but you get a great deal when you are the only offer. I don’t get emotionally attached to a property though so it isn’t hard. I’m more emotionally attached to a good deal :happy
by dachshunddad
Sun Mar 21, 2021 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or Rent Primary Residence
Replies: 10
Views: 1205

Re: Sell or Rent Primary Residence

Metsfan91 wrote: Sun Mar 21, 2021 11:31 am
Silly Wabbit wrote: Sun Mar 21, 2021 11:24 am Sell it. You've got big capital gains, make use of the 500k capital gains exclusion on primary residence.
+1. Sell it and lock in the capital gains.
+1 also. You can lock in that gain and invest elsewhere with some tax free money.
by dachshunddad
Sat Mar 13, 2021 8:26 am
Forum: Personal Investments
Topic: Problems at Fidelity?
Replies: 40
Views: 5673

Re: Problems at Fidelity?

Ive had to call multiple times over the last month for different things I’ve needed. Never had more than 10 minute wait. It may be just a timing issue.
by dachshunddad
Thu Mar 11, 2021 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Listing Realtor asking me to have mortgage lenders call her directly.
Replies: 85
Views: 9865

Re: Listing Realtor asking me to have mortgage lenders call her directly.

Then she said before she would let me do a formal written offer , she needed to have the lender call her personally. When I said I didn't think I could make this happen, she said I needed to find a "personalized lender." And that's where this stands. That's nonsense. Get your own buyer's agent. Won't cost you a dime and if your state permits realtors to rebate a portion of their commission, you can likely find an agent who will rebate a portion of the commission back to you. There is no reason not to have your own agent. Not necessarily true. When we bought our last house, I collected the 3% that would have gone to a buyer's agent for myself. This was accomplished with a purchase price adjustment. Personally, I feel like the vast...
by dachshunddad
Tue Mar 02, 2021 9:25 pm
Forum: Investing - Theory, News & General
Topic: How crazy is it to hold 100% equities until retirement? (ERN)
Replies: 540
Views: 32095

Re: How crazy is it to hold 100% equities until retirement? (ERN)

Interesting read. I struggle with my AA also. I’m over half way to FI but doubt I will stop working after that...more like cut back. I’ve thought about keeping my AA with 20% (or less) bonds until FI number then like 30-35%, then when fully retired 40%. I couldn’t take 100% equities but I do like the idea of heavy equities until hit FI number.
by dachshunddad
Sun Feb 28, 2021 7:44 am
Forum: Personal Investments
Topic: Pay off our house or invest?
Replies: 37
Views: 3743

Re: Pay off our house or invest?

Like you, I sat on too much cash until I became a boglehead. The biggest help on the Bogleheads was realizing I needed a plan. I think this is where you fall. You need a global plan. Whether you pay it off, invest, or split it down the middle, you need to put something in writing and act on it. This way you won’t be holding too much cash or changing your mind with the market. Personally, I like the middle road idea.
by dachshunddad
Sat Feb 27, 2021 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing
Replies: 140
Views: 13566

Re: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing

I would not pay it down, even if it makes you feel good. I would probably take the extra $250 you were intending on prepaying it with, setup an automatic investment with Vanguard, and then see where you're at in a few years. That's what I did over 8 years ago and it's not even close (obviously given the returns over the last 8 years). +1. Aside from those near retirement (where tail risks are more meaningful), I never understood the logic of how making decisions which will likely make you poorer give "peace of mind". Backwards logic driven by emotion. Growth rate of your net worth people. That's what matters... not how much debt you have, seriously. When people are handing you money at 0% real, to hold real assets which hold thei...
by dachshunddad
Sat Feb 20, 2021 7:27 pm
Forum: Investing - Theory, News & General
Topic: The Joy of Being a Boglehead
Replies: 25
Views: 4141

Re: The Joy of Being a Boglehead

Thank you Taylor! I am very grateful for the Boglehead advice. I have cleaned up my portfolio to 3 funds on your advice and appreciate your help. It has changed my financial future and I credit your and Jack’s wisdom in large part.
by dachshunddad
Thu Feb 18, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: House buying negotiations
Replies: 122
Views: 12012

Re: House buying negotiations

If you must have it, personally would offer your max and explain to them all the benefits of selling to you. No realtor fees, no more negotiations, etc. I’d make it clear that “I’d offer more but it’s all I have”. Of course, make sure you aren’t overpaying...including the savings of the realtor.

The negotiations depend on who wants/needs the deal more. I like to low ball but you can’t be attached to a property with that strategy. It’s normal for realtors/sellers not to respond. Happened to me all the time. But when the seller needs to sell, they will be more willing to negotiate when the phone does ring.
by dachshunddad
Sat Feb 06, 2021 11:25 am
Forum: Personal Finance (Not Investing)
Topic: SWR at age 40 [Safe Withdrawal Rate]
Replies: 95
Views: 9229

Re: SWR at age 40 [Safe Withdrawal Rate]

I would be comfortable with a 3% withdrawal rate at your age. The historical data supports this has exceptional likelihood of success. Of course, these studies assume you follow the rules as they are written and don’t deviate.

On a side note, I think you are very wise to invest this money. I know an entrepreneur who made that kind of money on a start up. However, after that ended started another venture which wasn’t successful. If they would have just put the money in a 3 fund portfolio they would never had to work again. Not that working is bad, but losing your wealth isn’t good.
by dachshunddad
Sat Feb 06, 2021 10:29 am
Forum: Investing - Theory, News & General
Topic: 70:30 expectations
Replies: 55
Views: 5867

Re: 70:30 expectations

Google model portfolio allocation Vanguard. But I think they just use US stocks. I’d caution that 15 years may not be long enough to count on the average return. (Given long bull market).
by dachshunddad
Wed Jan 27, 2021 9:54 pm
Forum: Investing - Theory, News & General
Topic: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?
Replies: 134
Views: 7064

Re: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?

Yes to all. I rebalanced every couple days and my IPS allowed me to go 5% more stocks with a severe decline. Now I’m rebalancing back. This was my first real test. I learned that I can weather a strong drawdown, but I need to have some bonds (20% currently) so I can micro-rebalance. Not necessarily to increase my return but allows me to “do something” and feel good about buying stocks cheap.
by dachshunddad
Tue Jan 26, 2021 10:22 am
Forum: Investing - Theory, News & General
Topic: wash sale substantially identical question(s)
Replies: 101
Views: 5186

Re: wash sale substantially identical question(s)

I think *some* of Betterment and Wealthfront customers know the aggressive position taken by those robo-advisors. Those customers either agree with, or pledge ignorance, with this position if they report no wash sale on their tax returns. Note that robo-advisors are not your tax advisors or tax preparers. You, who sign the tax return, have the ultimate responsibilities. Robo-advisors need to offer those auto-TLH features to attract customers. You don't see Vanguard or Fidelity offer similar features, do you? Maybe the IRS will shut this door in the future. But now it's still grey area, it's a fair game for all. Here's a discussion by Vanguard of degrees of perceived risk of wash sale by type of funds involved: https://advisors.vanguard.com...
by dachshunddad
Mon Jan 25, 2021 6:13 pm
Forum: Investing - Theory, News & General
Topic: wash sale substantially identical question(s)
Replies: 101
Views: 5186

Re: wash sale substantially identical question(s)

On weathfront’s website under “what ETF’s do they use for TLH” has VTI—SCHB. I suspect their team of auditors has determined this to not count for a wash sale. Obviously, they are not the definitive answer on the subject. But I suspect they have done some heavy research on this.
by dachshunddad
Sun Jan 24, 2021 10:10 pm
Forum: Investing - Theory, News & General
Topic: wash sale substantially identical question(s)
Replies: 101
Views: 5186

Re: wash sale substantially identical question(s)

Without clear/exact guidance, it seems like trading partners that follow a different index would be a reasonable difference (VTI/SCHB/SPY/etc). Something that follows the exact same index even from a different company would be too close for me.
by dachshunddad
Sun Jan 24, 2021 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Buying a House - Should I Open a Trust First?
Replies: 31
Views: 3686

Re: Buying a House - Should I Open a Trust First?

The main reason to get an estate plan is that your infant son would become the beneficiary of your estate if you were to die intestate. That is not what you want to happen so yes I'd get the process started. Your girlfriend will not have the legal protections that come with marriage, so the estate plan with financial power of attorney and health care directives are also important if that's your intent. LegalZoom may be appropriate in your situation if your estate is not complex or large. Thanks stan. What's your definition of complex or large? The one lawyer I reached out to said she would do will, revocable living trust, financial POA and health care directives for $1750 (after telling her I was thinking of going through Legal Shield sinc...
by dachshunddad
Sun Jan 24, 2021 9:22 am
Forum: Personal Investments
Topic: Can we retire at a young age?
Replies: 30
Views: 5178

Re: Can we retire at a young age?

market timer wrote: Sun Jan 24, 2021 8:52 am For someone in early 30s, I'd recommend a 3% withdrawal rate. If you are spending $84K/year after tax, that works out to ~$100K/year needed pre-tax. So you should aim for $3.3M in investments outside of your primary real estate. You have $1.9M right now across brokerages and investment property, so need $1.4M more.

Alternatively, you can probably retire now if you move out of NYC to a cheaper location and sell your real estate.
+1. I think you need more for that level of withdrawal to last potentially 50+ years. In your case being so young I would also recommend 3% withdrawal rate.
by dachshunddad
Sun Jan 10, 2021 3:51 pm
Forum: Personal Investments
Topic: Please advise doc who wants to retire early
Replies: 103
Views: 10864

Re: Please advise doc who wants to retire early

Given your relatively young retirement age, you could have a 50 year retirement. I agree with some others that 3% would most likely be safe. I personally would be 60-75% stocks if retiring that early. You could use a simple 3 fund portfolio. I would also personally work enough to maintain my skills so you can keep the possibility of employment should something change (could be volunteer/etc).
by dachshunddad
Sun Jan 03, 2021 5:37 pm
Forum: Personal Consumer Issues
Topic: Any multimillionaire's (more than 2mm) out there still mow their own lawn?
Replies: 341
Views: 33423

Re: Any multimillionaire's (more than 2mm) out there still mow their own lawn?

No, but I only pay $40/cut. Hard to justify doing it myself at that rate.
by dachshunddad
Tue Dec 29, 2020 9:42 pm
Forum: Personal Investments
Topic: Transitioning to Part Time and General Update (37 y/o, 2022 update)
Replies: 44
Views: 5255

Re: Transitioning to Part Time and General Update (35 y/o)

My wife and I are considering decreasing our number of working hours per week. This is something we're likely to decide on in the next few years. I suppose you'd call this an early partial retirement. I'm somewhat anxious about the idea of retirement, mostly because we're thinking it will be quite early and there are so many variables taxable/tax deferred, health insurance, when to start, are the rules of thumb for 3-4% SWR applicable if we retire early, etc. We're earning a lot right now and have a 3 year old. The thing we're thinking about with this plan is that we're likely to be working for 15 more years until the little one leaves for college. However, saving at the rate we're currently at for the next 15 years is likely to result in ...
by dachshunddad
Tue Dec 29, 2020 9:08 pm
Forum: Personal Consumer Issues
Topic: Post-Vaccine International Travel in Feb/March?
Replies: 12
Views: 1488

Re: Post-Vaccine International Travel in Feb/March?

[/quote]


We are thinking that our first trip will be a very long overdue trip to Hawaii. It's in the USA, so "border closings" would be less of a concern. And there are "USA" level medical/hospital facilities there, although there are certainly excellent facilities elsewhere, too.
But "just in case", this is not a time when we'd have any interest in being far away from such facilities.
[/quote]

+1. I wouldn’t venture to a foreign country with the risk of getting stranded for weeks. Your vaccine may be meaningless to the border agents. Unless you can easily change your work schedule, I’d stay stateside until things really calm down personally.
by dachshunddad
Tue Dec 29, 2020 8:45 pm
Forum: Personal Investments
Topic: Portfolio perspective and check up: $4.5M at 42, 80/20
Replies: 51
Views: 11554

Re: Portfolio perspective and check up: $4.5M at 42, 80/20

I’ve thought about brk also. But I don’t see it being a good “forever” holding like VTI given the manager risk. I personally wouldn’t change to it.
by dachshunddad
Fri Dec 18, 2020 6:38 am
Forum: Personal Investments
Topic: Forced To Use Financial Firm - Benefits to Consolidating Old 401k?
Replies: 20
Views: 1619

Re: Forced To Use Financial Firm - Benefits to Consolidating Old 401k?

The only problem is that my current account is not technically a 401k but a "non-prototype" account that acts as a 401k but has an account executor (one of my employment partners) and I will be moving out of state and if left as is, would need the necessary signatures from the account executors to do anything with the account. If I understand it correctly, then if I roll my current account ($400,000) into an IRA and want to do a Roth contribution, I would be taxed on almost 99% of my contribution (like $5900 of the $6000 contribution). Probably better to either not contribute to a Roth IRA for myself or combine 401k accounts and pay the additional $2000 AUM fee per year. You should be able to manage/trade your account in your log...
by dachshunddad
Sun Dec 13, 2020 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell stocks to get a better mortgage refi rate?
Replies: 20
Views: 1924

Re: Should I sell stocks to get a better mortgage refi rate?

Monsterflockster wrote: Sat Dec 12, 2020 11:43 pm
dachshunddad wrote: Sat Dec 12, 2020 8:33 am
Monsterflockster wrote: Sat Dec 12, 2020 1:35 am
dachshunddad wrote: Fri Dec 11, 2020 7:38 pm
formerlybroke wrote: Fri Dec 11, 2020 7:31 pm Also, how much of a dent does the liquidation from equities make in your portfolio?
Not too bad, about 5% of my taxable account.

Thanks
Considering your sitting on 2.6 million in you taxable I’d just pay off the house now.
I’d consider it but I’d have a sizable capital gains tax bill that wouldn’t make it worth it.
Will you not pay those same taxes at a later time?

Hopefully not the same amount. The plan is to sell as needed in a early retirement. This would be in a lower tax bracket and would hopefully be a lower rate.
by dachshunddad
Sat Dec 12, 2020 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Does buying property in Hawaii make sense?
Replies: 58
Views: 6885

Re: Does buying property in Hawaii make sense?

Are you just going to be in Hawaii for the year? If it’s not a permanent move I would definitely rent if it was me.