Search found 5814 matches

by anon_investor
Wed Apr 14, 2021 7:39 pm
Forum: Personal Investments
Topic: Employer Plan Switching to New Fund Lineup (for the better)
Replies: 3
Views: 179

Re: Employer Plan Switching to New Fund Lineup (for the better)

Our CFO was able to move our retirement plan over to a better selection of funds and I just want to double-check as we need to pick our "new" funds by 4/23 or let the current funds automatically move to the new funds. I have used a 3-fund portfolio since I found Bogleheads back in 2009 an...
by anon_investor
Wed Apr 14, 2021 12:01 pm
Forum: Investing - Theory, News & General
Topic: Watch out for inflation numbers
Replies: 44
Views: 4291

Re: Watch out for inflation numbers

Looks like CPI-U for March 2021 is 264.877. As it was 260.280 in Sept 2020, that would make the next Series I variable rate (264.877-260.28)/260.28 * 2 = 3.53%, no? Not exactly. The semiannual inflation rate for Series I Savings Bonds is rounded to two places after the decimal point in value as a p...
by anon_investor
Wed Apr 14, 2021 6:57 am
Forum: Personal Investments
Topic: Where to invest 6k in Roth?
Replies: 25
Views: 1761

Re: Where to invest 6k in Roth?

All - I have contributed 6k to traditional IRA ( non deductible) for 2020 and in the process of converting to ROTH IRA ( back door strategy) Can you please advice whether I should invest this 6k in index fund like VTSAX or buy some good growth stocks ( any suggestions?) My horizon is long term and ...
by anon_investor
Wed Apr 14, 2021 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 42
Views: 2061

Re: Good HSA accounts?

Yup and the credit unions offering me these high-interest deposit accounts are subsidizing my monthly interest payments off of people taking loans, paying overdraft fees or not maximizing those accounts. Ideally I don't have to rely on taking advantage of loss-leader products because if too many pe...
by anon_investor
Tue Apr 13, 2021 11:55 pm
Forum: Personal Investments
Topic: Where to invest 6k in Roth?
Replies: 25
Views: 1761

Re: Where to invest 6k in Roth?

All - I have contributed 6k to traditional IRA ( non deductible) for 2020 and in the process of converting to ROTH IRA ( back door strategy) Can you please advice whether I should invest this 6k in index fund like VTSAX or buy some good growth stocks ( any suggestions?) My horizon is long term and ...
by anon_investor
Tue Apr 13, 2021 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 42
Views: 2061

Re: Good HSA accounts?

I don't trust Fidelity because of their ownership model. Why would the Johnson family offer so many things for "free"? How do I know they're not offering freebies to suck me in, then charge me later? This is why I trust Vanguard over Fidelity and credit unions over banks. Costs do matter....
by anon_investor
Tue Apr 13, 2021 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 42
Views: 2061

Re: Good HSA accounts?

I like Lake Michigan Credit Union's HSA account. They charge no maintenance fees, plus you can invest in Vanguard small-, mid- and large-cap blend mutual funds through Devenir with LMCU for just a flat fee of $30/year. I'd switch from Further (formerly Select Account) to LMCU, but my employer cover...
by anon_investor
Tue Apr 13, 2021 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: I just became a victim of identity theft - What to do now?
Replies: 20
Views: 1728

Re: I just became a victim of identity theft - What to do now?

I just received a phone call from a major department store telling me that someone tried to open a credit card account with my SSN. Luckily the department store was suspicious and denied the application. The department store said the reason they sdenied the application was because the application c...
by anon_investor
Tue Apr 13, 2021 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 42
Views: 2061

Re: Good HSA accounts?

I like Lake Michigan Credit Union's HSA account. They charge no maintenance fees, plus you can invest in Vanguard small-, mid- and large-cap blend mutual funds through Devenir with LMCU for just a flat fee of $30/year. I'd switch from Further (formerly Select Account) to LMCU, but my employer cover...
by anon_investor
Tue Apr 13, 2021 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 42
Views: 2061

Re: Good HSA accounts?

I like Lake Michigan Credit Union's HSA account. They charge no maintenance fees, plus you can invest in Vanguard small-, mid- and large-cap blend mutual funds through Devenir with LMCU for just a flat fee of $30/year. I'd switch from Further (formerly Select Account) to LMCU, but my employer cover...
by anon_investor
Tue Apr 13, 2021 11:29 pm
Forum: Investing - Theory, News & General
Topic: Watch out for inflation numbers
Replies: 44
Views: 4291

Re: Watch out for inflation numbers

Looks like CPI-U for March 2021 is 264.877. As it was 260.280 in Sept 2020, that would make the next Series I variable rate (264.877-260.28)/260.28 * 2 = 3.53%, no? Not exactly. The semiannual inflation rate for Series I Savings Bonds is rounded to two places after the decimal point in value as a p...
by anon_investor
Tue Apr 13, 2021 9:45 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 196
Views: 22851

Re: 2021 I Bonds: what's your plan?

So if I'm following... Purchase in April - 1st 6 months @ 1.68%, in October 2nd 6 months @ 3.53% , next April 3rd 6 months @ <whatever Nov. rates are> Purchase in May - 1st 6 months @ 3.53% , in November 2nd 6 months @ <whatever Nov. rates are> , next May 3rd 6 months @ <whatever next May> If I did...
by anon_investor
Tue Apr 13, 2021 9:16 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 196
Views: 22851

Re: 2021 I Bonds: what's your plan?

I've seen a lot of posts still saying the new inflation-adjusted rate will be 3.53%, but I do think it will be 3.54%. The Treasury rounds the six-month inflation rate to two decimals. Since the six-month inflation rate was 1.766%, that will be rounded to 1.77% and THEN doubled to create the next si...
by anon_investor
Tue Apr 13, 2021 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 42
Views: 2061

Re: Good HSA accounts?

AerialWombat wrote: Tue Apr 13, 2021 7:17 pm I realize that it’s a small company that nobody has ever heard of before, but check out a broker called “Fidelity”. Great HSA offering. 8-)
Oh really? Tell me more. :twisted:
by anon_investor
Tue Apr 13, 2021 6:28 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 196
Views: 22851

Re: 2021 I Bonds: what's your plan?

No intention to prepay my mortgage. Just a comparison saying no better alternative. Because the funds will be earmarked as a 2nd tier EF, there is a chance I may redeem them "early" or not for 30 years... So then it really comes down to 1.68% will be higher or lower than the final partial...
by anon_investor
Tue Apr 13, 2021 5:55 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 196
Views: 22851

Re: 2021 I Bonds: what's your plan?

If you are relatively sure you won’t need to withdraw the funds for at least 18 months, then I see no penalty in ensuring you at least get today 1.68% for 6 months. Now if you already are getting higher than that where the funds are sitting, then perhaps it is worth it to wait. I also want to buy m...
by anon_investor
Tue Apr 13, 2021 4:52 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 196
Views: 22851

Re: 2021 I Bonds: what's your plan?

I am planning to buy at the end of May. Although I take the risk that the variable rate will be lower than 1.68% in November, missing out on a whole 6 months of 1.68% if I had bought at the end of this month. Any thoughts on whether to buy in April or May? When in doubt, split. Anyway, if you plan ...
by anon_investor
Tue Apr 13, 2021 4:48 pm
Forum: Personal Investments
Topic: What to do with 10K?
Replies: 6
Views: 567

Re: What to do with 10K?

Hi, I wanted to do something with 10K that I recently was gifted. Here is my history: 53 and Wife is 53 Currently have about 900K in 401K /Roth 401K/IRA/ Just opened up a Roth IRA and it has about 10K in it I also have brokerage account with about 20K The above accounts (outside of the 401Ks) are b...
by anon_investor
Tue Apr 13, 2021 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 89
Views: 7696

Re: Any happy lawyers out there?

Additionally, I've been told by people who should know that 2-3 years at a big firm will make me a better lawyer since the expectations for quality of work are so high there. You’d think that would be true, but in my experience the top big law firms put out abysmal work product. The lawyers get hir...
by anon_investor
Tue Apr 13, 2021 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application denied due to large 401k contribution?s
Replies: 27
Views: 2109

Re: Mortgage application denied due to large 401k contribution?s

As self employed, they may be counting the $1000 per month as gross income which will not get you very far. Yes that's the issue. After 401k contributions, my AGI is $1000/month. I had no idea that would be a problem, and am totally floored. I'm hoping someone will know something I can do to work a...
by anon_investor
Tue Apr 13, 2021 2:50 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 196
Views: 22851

Re: 2021 I Bonds: what's your plan?

I am planning to buy at the end of May. Although I take the risk that the variable rate will be lower than 1.68% in November, missing out on a whole 6 months of 1.68% if I had bought at the end of this month. Any thoughts on whether to buy in April or May? When in doubt, split. Anyway, if you plan ...
by anon_investor
Tue Apr 13, 2021 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 89
Views: 7696

Re: Any happy lawyers out there?

All, This thread has been fascinating thus far, and I am grateful to all of you for volunteering your knowledge. One thing that jumped out at me was the remarks upthread from ipdiddly and stoptothink about how terrible the teaching profession can be. That has not been my experience; I must have tha...
by anon_investor
Tue Apr 13, 2021 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application denied due to large 401k contribution?s
Replies: 27
Views: 2109

Re: Mortgage application denied due to large 401k contribution?s

Hello, I just learned that my mortgage application has been denied because my 401k contributions have brought my AGI, and therefore my debt-to-income ration to 90% (aside from the mortgage, est. $750/month, my debt was a $60 credit card balance). The past 2 years I've had ~68k gross income and ~14k...
by anon_investor
Tue Apr 13, 2021 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application denied due to large 401k contribution?s
Replies: 27
Views: 2109

Re: Mortgage application denied due to large 401k contribution?s

Hello, I just learned that my mortgage application has been denied because my 401k contributions have brought my AGI, and therefore my debt-to-income ration to 90% (aside from the mortgage, est. $750/month, my debt was a $60 credit card balance). The past 2 years I've had ~68k gross income and ~14k...
by anon_investor
Tue Apr 13, 2021 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 89
Views: 7696

Re: Any happy lawyers out there?

I was also fortunate because I spent almost my entire career as a corporate lawyer, so I didn't have the billable hour grind and could balance work and family. Do you mean you were an in-house attorney at a corporation? Yes. I should also point out that while my corporate salary was three to four t...
by anon_investor
Tue Apr 13, 2021 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 89
Views: 7696

Re: Any happy lawyers out there?

ipdiddly wrote: Tue Apr 13, 2021 10:06 am I was also fortunate because I spent almost my entire career as a corporate lawyer, so I didn't have the billable hour grind and could balance work and family.
Do you mean you were an in-house attorney at a corporation?
by anon_investor
Tue Apr 13, 2021 1:09 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 819

Re: I Bonds

March CPI-U has been released as 264.877. That means a variable interest rate of 3.53% for six months! A 3.53% (!) guaranteed rate is fantastic in this low rate environment - assuming you can lock up your money for one year. I think I will not buy this month and wait until May to get 3.53% for 6 mo...
by anon_investor
Tue Apr 13, 2021 11:06 am
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 196
Views: 22851

Re: 2021 I Bonds: what's your plan?

CPI-U in March puts the variable rate at 3.53% for bonds purchased in May through October. Those who already bought in 2021 will get 3.53% in the next cycle after earning 1.68% for six months. I think I will wait until May to make my I Bonds purchase. Is this so that there is a possibility of a fix...
by anon_investor
Tue Apr 13, 2021 10:52 am
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 97
Views: 9938

Re: Cons of i bonds?

With March 2021 CPI-U of 264.877, the new composite rate will be 3.54% with fixed rate of zero. Woo hoo! P.s. 264.877 - 260.280 = 4.597 / 260.280 = 1.77% x 2 = 3.54% https://www.bls.gov/news.release/pdf/cpi.pdf WOW WOW WOW! Those are EE Bond levels!!! I am definitely going to hold off my annual pur...
by anon_investor
Tue Apr 13, 2021 8:39 am
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 196
Views: 22851

Re: 2021 I Bonds: what's your plan?

tfb wrote: Tue Apr 13, 2021 8:26 am CPI-U in March puts the variable rate at 3.53% for bonds purchased in May through October. Those who already bought in 2021 will get 3.53% in the next cycle after earning 1.68% for six months.
I think I will wait until May to make my I Bonds purchase.
by anon_investor
Tue Apr 13, 2021 8:38 am
Forum: Investing - Theory, News & General
Topic: new Vanguard Ultra-Short Bond ETF
Replies: 58
Views: 6475

Re: new Vanguard Ultra-Short Bond ETF

The current composite rate guaranteed for 6 months is 1.68%. The estimated composite rate for 6 months starting May 1 is 2.1%+. So if you bought today you would get 6 months at 1.68% and then 6 months at 2.1%+. So if you bought today, for 12 months you would likely get 1.89%+, which is amazing for ...
by anon_investor
Tue Apr 13, 2021 8:35 am
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 97
Views: 9938

Re: Cons of i bonds?

With March 2021 CPI-U of 264.877, the new composite rate will be 3.54% with fixed rate of zero. Woo hoo! P.s. 264.877 - 260.280 = 4.597 / 260.280 = 1.77% x 2 = 3.54% https://www.bls.gov/news.release/pdf/cpi.pdf WOW WOW WOW! Those are EE Bond levels!!! I am definitely going to hold off my annual pur...
by anon_investor
Tue Apr 13, 2021 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Good HSA accounts?
Replies: 42
Views: 2061

Re: Good HSA accounts?

Fidelity is the best choice by far; no fees, full range of investment choices.
by anon_investor
Mon Apr 12, 2021 11:42 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 97
Views: 9938

Re: Cons of i bonds?

Sorry but I just don't see a bank charging a fee for a savings account or MM account. What is the point of a savings account where you pay the bank and have no savings? I mean I guess it is possible, I would just expect depositors to pull their deposits in that scenario. Let me rephrase my concern ...
by anon_investor
Mon Apr 12, 2021 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 89
Views: 7696

Re: Any happy lawyers out there?

Hello, all. I have a first-world problem to share with the Bogleheads. I'm in my mid-late 20s with a couple years of high school teaching under my belt. I do not lack for money and (with any luck) likely never will. I live below my means, and I want for nothing material. I do not have a family of m...
by anon_investor
Mon Apr 12, 2021 10:46 pm
Forum: Personal Investments
Topic: Emergency (oh my God fund)
Replies: 45
Views: 4508

Re: Emergency (oh my God fund)

Yes, we have a multi-tier emergency fund.

Tier 1: 3+ months of unreduced expenses in cash in checking/savings accounts
Tier 2: 5+ months of unreduced expenses in I Bonds
Tier 3: 6+ months of unreduced expenses in Vanguard Dividend Appreciation Index (VDADX) in taxable
by anon_investor
Mon Apr 12, 2021 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7747

Re: The primary factor for picking a College/University is out of pocket cost

I tell anyone that will listen that there are so many less stressful ways to make money than being a lawyer. No one ever listens to me (former biglaw associate turned megacorp in-house lawyer). But if you get into the right law school, it is not hard to get a high paying job right out of law school...
by anon_investor
Mon Apr 12, 2021 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7747

Re: The primary factor for picking a College/University is out of pocket cost

While undergrad prestige is valuable for med school, it is barely noticed for top law school admission, which is based primarily on GPA+LSAT. At best undergrad college can be a tie-breaker, but a 3.9/173+ has an extremely high change of admission to HLS from any undergrad college. (The smaller YLS ...
by anon_investor
Mon Apr 12, 2021 6:24 pm
Forum: Personal Investments
Topic: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?
Replies: 45
Views: 3567

Re: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?

marti038 wrote: Mon Apr 12, 2021 1:48 pm No right or wrong here really, but personally, I'd pay off the mortgage and invest whatever's left. I'd lean heavier in this direction the closer I was to retirement. Not sure when you're planning on taking that step, but if it's soon I'd say drop that mortgage.
+1.
by anon_investor
Mon Apr 12, 2021 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Removing non-deductible portion from t-IRA
Replies: 6
Views: 518

Re: Removing non-deductible portion from t-IRA

...or perhaps let a calendar year change, before rolling the 401k back over to a t-IRA? Yes to this. Your IRA balance on 31-Dec of a year in which you do a Roth conversion is what matters when you file Form 8606 as part of the Backdoor Roth process. Thank you! That's exactly the information I was l...
by anon_investor
Mon Apr 12, 2021 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: LenderFi refinance experience -- not so good
Replies: 22
Views: 1409

Re: LenderFi refinance experience -- not so good

that’s unfortunate to hear, i had a great experience with them +1. The online pre-app quote was higher than what I was ultimately offered. Appraisal was waived, initial app to closing only 3 weeks. Closed on time, funded on time. No issues. I would have used them to refi again if rates had gone down.
by anon_investor
Mon Apr 12, 2021 2:57 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 819

Re: I Bonds

Tomorrow is the big day and we should be able to tell what they next I Bond rate will be when the CPI announcement is made: Reference Month Release Date Release Time March 2021 Apr. 13, 2021 08:30 AM https://www.bls.gov/schedule/news_release/cpi.htm Any guesses? TipsWatch is guessing 2.5-2 8. I kno...
by anon_investor
Mon Apr 12, 2021 2:41 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 819

Re: I Bonds

graspau wrote: Mon Apr 12, 2021 2:38 pm Tomorrow is the big day and we should be able to tell what they next I Bond rate will be when the CPI announcement is made:

Reference Month Release Date Release Time
March 2021 Apr. 13, 2021 08:30 AM

https://www.bls.gov/schedule/news_release/cpi.htm
Any guesses?
by anon_investor
Mon Apr 12, 2021 2:07 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 High Dividend ETF - SPYD
Replies: 53
Views: 4427

Re: S&P 500 High Dividend ETF - SPYD

In your Roth IRA are you holding VGT and international at a 50:50 ratio? Not quite. It's still half TIPS. So it's 50/25/25 TIPS/VEA/VGT. Over the next decade if nothing changes this will run off to 0/50/50, but I'm hoping the bond markets regain some sanity and positive real yields will again be se...
by anon_investor
Mon Apr 12, 2021 1:59 pm
Forum: Personal Investments
Topic: ETF For Cybercurrency If Asset Class
Replies: 31
Views: 1904

Re: ETF For Cybercurrency If Asset Class

So there is not yet a Boglehead way to own a small percentage in case this really IS an asset class? You can buy crypto directly from a few apps. I personally do not by any crypto, but I know some popular apps to buy crypto like Bitcoin are Coinbase, Robinhood, Cash App, Paypal. I have no experienc...
by anon_investor
Mon Apr 12, 2021 12:55 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 819

Re: I Bonds

Anon investor, See this very good article https://www.savingforcollege.com/article/how-to-rollover-us-savings-bonds-into-a-529-plan “ If the total proceeds from redeeming eligible U.S. savings bonds is less than or equal to the adjusted qualified education expenses, then the savings bond interest i...
by anon_investor
Mon Apr 12, 2021 12:26 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 819

Re: I Bonds

While the tax-deferral of I Bonds for up to 30 years has been mentioned, there are some other neat features that haven't been mentioned: 1. They're free from state and local taxation, and 2. They can be used tax-free for qualifying educational expenses. 3. The tax-deferral feature offers investors ...
by anon_investor
Mon Apr 12, 2021 12:13 pm
Forum: Personal Investments
Topic: ETF For Cybercurrency If Asset Class
Replies: 31
Views: 1904

Re: ETF For Cybercurrency If Asset Class

So there is not yet a Boglehead way to own a small percentage in case this really IS an asset class? You can buy crypto directly from a few apps. I personally do not by any crypto, but I know some popular apps to buy crypto like Bitcoin are Coinbase, Robinhood, Cash App, Paypal. I have no experienc...
by anon_investor
Mon Apr 12, 2021 12:05 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 High Dividend ETF - SPYD
Replies: 53
Views: 4427

Re: S&P 500 High Dividend ETF - SPYD

I also don't think this is a great way to reduce tech allocation if that is the goal. Other ways to do this would be more international, US value stocks, or an ex-tech fund. SPYD fund holds too few stocks for me and I'm not a fan of dividend funds either. Agreed. I would not hold a high-turnover fu...
by anon_investor
Mon Apr 12, 2021 10:24 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7747

Re: The primary factor for picking a College/University is out of pocket cost

Outside of Ivy (or Ivy level) schools, I think choosing the in-state flagship makes the most sense. Why pay an Ivy league price tag for a mediocre education from a lesser private school? This mentality annoys me, when people talk as if there's 10 colleges in the country where you can get a good edu...