Search found 22 matches

by sohcahtoa
Mon Apr 05, 2021 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Young, Uninformed Home Buyer with Cash
Replies: 17
Views: 1999

Re: Young, Uninformed Home Buyer with Cash

How much do you make per year? How much do you spend per year? What percentage of your income are you investing for year? How much do you have invested? Your situation is not novel. Don’t let a house purchase get in the way of investing. These are very crucial early years. You’re very likely don’t ...
by sohcahtoa
Mon Feb 22, 2021 7:54 pm
Forum: Personal Investments
Topic: Convinced my boss to set up a 401k - which fund is best?
Replies: 19
Views: 1145

Re: Convinced my boss to set up a 401k - which fund is best?

lakpr wrote: Mon Feb 22, 2021 2:52 pm
For any 401k plan, you need to offer at least a money-market option whose value cannot fluctuate; I think that's a rule or something.
I would love to know more about this if you or anyone else can provide more context.
by sohcahtoa
Tue Feb 16, 2021 2:08 am
Forum: Personal Finance (Not Investing)
Topic: Just landed a permanent WFH job across the country. What's your best WFH investment to make your life better?
Replies: 77
Views: 7366

Re: Just landed a permanent WFH job across the country. What's your best WFH investment to make your life better?

I'll be the wet blanket by asking if you've properly vetted your new company. WFH scams seem to be more common since the start of Covid. If you've properly vetted, congrats on earning yourself a nice pay increase.
by sohcahtoa
Wed Feb 10, 2021 12:09 am
Forum: Personal Consumer Issues
Topic: Planning trip from Bay Area to Crater Lake, Oregon
Replies: 35
Views: 2680

Re: Planning trip from Bay Area to Crater Lake, Oregon

Swim in Crater Lake, but just for one minute or so. It is really cold. This is a protip if you're feeling adventurous. Most people aren't aware that it is legal to swim in. Absolutely mindnumingly frigid (cold water shock territory, so be smart)--but wear some goggles and it is insane how far you c...
by sohcahtoa
Wed Dec 30, 2020 1:30 pm
Forum: Personal Investments
Topic: Solo 401K Deadline Sanity Check
Replies: 14
Views: 495

Re: Solo 401K Deadline Sanity Check

Do you ever have to turn in these forms? I mean, yes, you should do this, but what if you forgot in the past or lost them? It seems like only a formality. My understanding is that the employee deferral election would only be "turned in" during an audit. They are a formality, in the same s...
by sohcahtoa
Wed Dec 30, 2020 1:04 pm
Forum: Personal Investments
Topic: Solo 401K Deadline Sanity Check
Replies: 14
Views: 495

Re: Solo 401K Deadline Sanity Check

Thanks. That is helpful. I can't find the same form for e-trade, but will keep looking. There may not be one, but it doesn't have to match your custodian. It is not filed with ETrade, it is simply kept in your records. Since our goal is to invest 100%, assuming we find the same form for e-trade, we...
by sohcahtoa
Wed Dec 30, 2020 12:36 pm
Forum: Personal Investments
Topic: Solo 401K Deadline Sanity Check
Replies: 14
Views: 495

Re: Solo 401K Deadline Sanity Check

I found that as well and I also found it confusing... In order to make a contribution for this year, you must establish your Solo 401(k) plan by December 31, 2020 and make your employee contribution election by the end of the calendar year That makes it seem like you have to do it by year end. In c...
by sohcahtoa
Mon Dec 28, 2020 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Scanning and discarding tax documents
Replies: 15
Views: 1259

Re: Scanning and discarding tax documents

jeremyl wrote: Mon Dec 28, 2020 8:04 pm What's the best way to get rid of old paper returns after scanning?

Just shred them?
I am partial to a ceremonial bonfire.
by sohcahtoa
Sun Dec 27, 2020 12:11 am
Forum: Personal Finance (Not Investing)
Topic: 2020 Deadline for setting up a new solo 401K?
Replies: 42
Views: 2549

Re: 2020 Deadline for setting up a new solo 401K?

There is precious little IRS guidance on employee after-tax contributions. The general consensus is that: Self-employed individuals have until their tax filing date including extensions to make employee after-tax contributions. S-Corp 2% W-2 shareholder-employee's have until their 12/31 pay date to...
by sohcahtoa
Wed Dec 23, 2020 2:23 am
Forum: Personal Investments
Topic: Just pulled the trigger ...
Replies: 198
Views: 23169

Re: Just pulled the trigger ...

As for job search, I've been doing it all the time, but, perhaps, not as intensively as I should and could. So, I will regroup (recently improved my resume) and will do my best. Without knowing the exact dollar amount of your target EF, one gets the impression that you would be vastly better off in...
by sohcahtoa
Tue Dec 08, 2020 3:34 pm
Forum: Personal Investments
Topic: Prioritizing accounts and Traditional/Roth Solo401k contributions
Replies: 5
Views: 325

Re: Prioritizing accounts and Traditional/Roth Solo401k contributions

Regarding q. 1. Your retirement tax rate may not exceed your current tax rate, but could it be lower if you move to a no-state-income-tax state? Your current rate is 21%, but if your future marginal rate will be 15%, then avoiding tax now could make sense. Just something to think about, I'm not adv...
by sohcahtoa
Mon Dec 07, 2020 7:51 pm
Forum: Personal Investments
Topic: Prioritizing accounts and Traditional/Roth Solo401k contributions
Replies: 5
Views: 325

Prioritizing accounts and Traditional/Roth Solo401k contributions

Emergency funds: 6 months of expenses, plus anticipated appliance replacement Debt: Mortgage, just purchased, $343,000, 30 years left at 2.55% (home value $435,000), no other debt. Tax Filing Status: Married Filing Jointly Annual Income: ~$105,000 combined, roughly equal split, great security throu...
by sohcahtoa
Sat Nov 28, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: "Water Theory" -- pros and cons
Replies: 43
Views: 5191

Re: "Water Theory" -- pros and cons

2. Clients are dumber than you realize. No—they’re not logical human beings who understand investment theory and tax law. They’re emotional and overreact to everything under the sun. (Or they don’t act at all—no matter how many professionals tell them to.). Sure. And if you are giving tax advice, a...
by sohcahtoa
Mon Nov 16, 2020 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: find a mortage company for new home purchase
Replies: 29
Views: 1658

Re: find a mortage company for new home purchase

Purchased a home in Everett, WA which will be closing on Dec. 29. I'm currently getting quotes from multiple lenders including Caliber Home Loans, Finance of America, New American Financial, a few credit unions. I have excellent credit (over 800) and am trying to secure a 30 year fixed loan. Just a...
by sohcahtoa
Tue Sep 29, 2020 11:18 pm
Forum: Personal Consumer Issues
Topic: How do you stay organized?
Replies: 17
Views: 1634

Re: How do you stay organized?

I'll never miss an opportunity to plug David Allen's "Getting Things Done" and the follow-up, "Making It All Work." Rather than falling into the common trap of looking for a magic bullet, he outlines some principles and encourages you to go as high tech or low tech as needed to m...
by sohcahtoa
Mon Jul 06, 2020 12:51 am
Forum: Personal Consumer Issues
Topic: I killed my washer --- Solved and working! thanks
Replies: 26
Views: 2814

Re: I killed my washer

It's worth checking that the lid switch is in working order. When the switch gives out, the washer will fill, but nothing else. I hope that's the case--relatively inexpensive and very easy DIY job if so.
by sohcahtoa
Mon Jun 08, 2020 11:04 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 10706

Re: Dave Ramsey mentioned bogleheads today

I am sickened by Ramsey’s comment that 1-2% expense ratios are just fine. Gotta feed those SmartVestor Pros! :twisted: Between the downplay of high expense ratios, the repeated salesman turn of "We know that's confusing...but that's why you should trust our SmartVestor Pros!" and Hogan's ...
by sohcahtoa
Mon Jun 08, 2020 2:37 am
Forum: Personal Consumer Issues
Topic: Mountain lodges in the Pacific Northwest?
Replies: 9
Views: 1303

Re: Mountain lodges in the Pacific Northwest?

Thinking about maybe a remote mountain lodge somewhere here in the Pacific Northwest where we can maybe get a cabin and enjoy nature and keep away from crowds. . . Wallowa Lake Lodge: https://wallowalakelodge.com/ . . . Yes, I know. We are in a pandemic. But I figure renting a cabin at a remote mou...
by sohcahtoa
Sat Apr 25, 2020 3:03 am
Forum: Personal Investments
Topic: Switching from 18-fund to 3-fund
Replies: 8
Views: 1165

Re: Switching from 18-fund to 3-fund

Yes, your logic is correct. Welcome to simplicity and tax efficiency. In my opinion, if you want to hold bonds, hold them in the fiance's 401k. Once you are married, you can consider the whole portfolio, the "marital" portfolio and adjust accordingly. If you want help choosing funds withi...
by sohcahtoa
Tue Apr 14, 2020 12:40 pm
Forum: Personal Investments
Topic: Vanguard phone wait times during COVID-19?
Replies: 7
Views: 765

Re: Vanguard phone wait times during COVID-19?

Called today and they answered in under a minute. Any chance they observed Easter yesterday?
by sohcahtoa
Mon Apr 13, 2020 2:04 am
Forum: Personal Investments
Topic: Switching from 18-fund to 3-fund
Replies: 8
Views: 1165

Switching from 18-fund to 3-fund

Bodacious Bogleheads, Let me begin with a short bit of praise: every specialized area of interest should have a community with an ethos as sage as this one. I am 31, and 2 months ago I decided to put an end to being completely ignorant about investing. I am immensely lucky to have found the books by...