Search found 64 matches

by Armani
Sat Apr 03, 2021 5:29 pm
Forum: Investing - Theory, News & General
Topic: Traditional to Roth
Replies: 18
Views: 1341

Re: Traditional to Roth

The traditional IRA is now composed of two things - about $1000 rollover from a 401k and an ordinary contribution (unknown amount, for unknown year). She has no other IRAs. One solution - This entire IRA can be converted to Roth. A Roth conversion can be done online or you can call them and have Va...
by Armani
Fri Apr 02, 2021 5:28 pm
Forum: Investing - Theory, News & General
Topic: Traditional to Roth
Replies: 18
Views: 1341

Re: Traditional to Roth

You are correct and it can be frustrating. :? But people who don't... yet ...realize there is a difference...may not know what information is important to include in the post. It was like $1,000 from a part time job. She previously had no IRA so she decided to use this money with some other cash to...
by Armani
Fri Apr 02, 2021 3:54 pm
Forum: Investing - Theory, News & General
Topic: Traditional to Roth
Replies: 18
Views: 1341

Re: Traditional to Roth

[quoted post removed by admin LadyGeek] Did you graduate and are now earning "well over $200,000 a year"? Because that's what you said in the post below, in addition to saying: After I finish grad school I have a job offer well over $200,000 a year. This exceeds the income limits for my R...
by Armani
Fri Apr 02, 2021 1:44 pm
Forum: Investing - Theory, News & General
Topic: Traditional to Roth
Replies: 18
Views: 1341

Re: Traditional to Roth

When she funded the tIRA, did you claim a deduction on your tax return? This would make the funds in the tIRA "pre-tax." A Roth can only be funded with "after-tax" money, meaning you didn't take a deduction. If this is the case, then I think the only option is to do a "conv...
by Armani
Fri Apr 02, 2021 7:43 am
Forum: Investing - Theory, News & General
Topic: Traditional to Roth
Replies: 18
Views: 1341

Traditional to Roth

Sorry for the dim question. My wife, for whatever reason, opened a Traditional IRA at Vanguard. She put some funds into it, but hasn’t bought anything yet. How do we transfer that into a Roth? She didn’t listen to her husband when he told her to open a Roth.
by Armani
Sat Mar 27, 2021 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

You should read this thread. State you are a cash only buyer and get them to bid against each other. A bit tricky as, unfortunately, many dealers here have the same owner (or at least share info about buyers). Dealer 1 knew I had been to Dealer 2 yesterday. This is true. We had a good feeling where...
by Armani
Sat Mar 27, 2021 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

Toyota is offering me a 72-month loan at .9% on a new car. NY has no prepayment penalty. We can pay for the car outright, but the rate is pretty low. Investments will probably (but not definitely) beat it. Thoughts? Thanks. Can you specify what model you are buying? I was looking at the hybrid Coro...
by Armani
Sat Mar 27, 2021 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

Toyota is offering me a 72-month loan at .9% on a new car. NY has no prepayment penalty. We can pay for the car outright, but the rate is pretty low. Investments will probably (but not definitely) beat it. Thoughts? Thanks. Can you specify what model you are buying? I was looking at the hybrid Coro...
by Armani
Fri Mar 26, 2021 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

What’s the REAL price if you pay cash? +1 I bought a new Corolla LE three years ago when corporate Toyota had a 0% financing offer but no rebate. I did the process where I negotiated the price over the internet and I got a very good price(just over $17K OTD). In talking with several dealerships I g...
by Armani
Fri Mar 26, 2021 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

What’s the REAL price if you pay cash? +1 I bought a new Corolla LE three years ago when corporate Toyota had a 0% financing offer but no rebate. I did the process where I negotiated the price over the internet and I got a very good price(just over $17K OTD). In talking with several dealerships I g...
by Armani
Fri Mar 26, 2021 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

Having sold cars for years I can see how some of you are a bit out of your element. Dealers make their money on the finance side, plain and simple. At the end of the day the market dictates the actual selling price of the car. A brand like Toyota has so many dealerships that a monkey can buy any mo...
by Armani
Fri Mar 26, 2021 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

What’s the REAL price if you pay cash? +1 I bought a new Corolla LE three years ago when corporate Toyota had a 0% financing offer but no rebate. I did the process where I negotiated the price over the internet and I got a very good price(just over $17K OTD). In talking with several dealerships I g...
by Armani
Fri Mar 26, 2021 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

Having sold cars for years I can see how some of you are a bit out of your element. Dealers make their money on the finance side, plain and simple. At the end of the day the market dictates the actual selling price of the car. A brand like Toyota has so many dealerships that a monkey can buy any mo...
by Armani
Fri Mar 26, 2021 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

hi_there wrote: Fri Mar 26, 2021 2:06 pm
Tony-S wrote: Fri Mar 26, 2021 1:26 pm
Armani wrote: Fri Mar 26, 2021 12:41 pm Dealers make their money on the finance side, plain and simple.
What about zero percent interest?
So dealers make no money on cars sold with cash?
They tend to make less because typically the selling price of the car is at invoice on a lot of those deals
by Armani
Fri Mar 26, 2021 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

Dealers make their money on the finance side, plain and simple. What about zero percent interest? I don't know anything about auto financing, but I would think if the dealer is offering zero percent financing they are getting the interest some other way like maybe the interest is included in the pr...
by Armani
Fri Mar 26, 2021 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

Dealers make their money on the finance side, plain and simple. What about zero percent interest? What percentage of those borrowers make all payments on time? When I sold Mazdas, they would often offer that in the Mazda3. Their bestselling car. That vehicle was meant to increase volume. Also, the ...
by Armani
Fri Mar 26, 2021 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

Having sold cars for years I can see how some of you are a bit out of your element. Dealers make their money on the finance side, plain and simple. At the end of the day the market dictates the actual selling price of the car. A brand like Toyota has so many dealerships that a monkey can buy any mod...
by Armani
Tue Mar 23, 2021 6:18 am
Forum: Personal Consumer Issues
Topic: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)
Replies: 60
Views: 4604

Re: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)

Regarding Vegas, where you stay depends on what you want. If you intend to explore the strip, maybe hit a casino or two, then I advise Flamingo. Why? Because it’s cheap and located pretty much center strip. I used to stay at the more luxury places like Bellagio, Mandalay, etc but then I realized I w...
by Armani
Mon Mar 15, 2021 12:22 pm
Forum: Investing - Theory, News & General
Topic: VIGAX
Replies: 16
Views: 1394

Re: VIGAX

What’s the difference between a growth fund and a value fund?
by Armani
Mon Mar 15, 2021 12:21 pm
Forum: Personal Consumer Issues
Topic: Car suggestion for 70+ year-old mom
Replies: 160
Views: 8963

Re: Car suggestion for 70+ year-old mom

Mercedes S-Class for the win. They’re fun, stylish, most importantly safe, and reasonably priced.
by Armani
Mon Mar 15, 2021 2:15 am
Forum: Investing - Theory, News & General
Topic: VIGAX
Replies: 16
Views: 1394

Re: VIGAX

VIGAX? VGIAX. Sorry. VIGAX. The other requires $50,000 to but into. Sounds like y'all feel my current investment of VFIAX is a better long term investment vehicle. VTSAX (Vanguard Total Stock Market Index) is better though. :beer “Don't look for the needle in the haystack. Just buy the haystack!” -...
by Armani
Sun Mar 14, 2021 10:27 pm
Forum: Investing - Theory, News & General
Topic: VIGAX
Replies: 16
Views: 1394

Re: VIGAX

Armani wrote: Sun Mar 14, 2021 3:47 pm
Tinkerer-in-Chief wrote: Sun Mar 14, 2021 5:58 am VIGAX?
VGIAX. Sorry.
VIGAX. The other requires $50,000 to but into. Sounds like y'all feel my current investment of VFIAX is a better long term investment vehicle.
by Armani
Sun Mar 14, 2021 3:47 pm
Forum: Investing - Theory, News & General
Topic: VIGAX
Replies: 16
Views: 1394

Re: VIGAX

Tinkerer-in-Chief wrote: Sun Mar 14, 2021 5:58 am VIGAX?
VGIAX. Sorry.
by Armani
Sun Mar 14, 2021 5:57 am
Forum: Investing - Theory, News & General
Topic: VIGAX
Replies: 16
Views: 1394

VIGAX

Is this a good fund? Seems like a good choice to hold on a taxable account. Good returns. Why doesn’t this fund get more love?
by Armani
Wed Mar 10, 2021 10:54 am
Forum: Personal Consumer Issues
Topic: 2021 Sunglasses Thread 😎
Replies: 62
Views: 4680

Re: 2021 Sunglasses Thread 😎

Silversides wrote: Sat Mar 06, 2021 11:41 am
Armani wrote: Fri Mar 05, 2021 6:29 pm Thinking about getting a pair of Versace glasses just to be obnoxious.
Will you update your user name?
Well-played sir. Well-played.
by Armani
Fri Mar 05, 2021 6:29 pm
Forum: Personal Consumer Issues
Topic: 2021 Sunglasses Thread 😎
Replies: 62
Views: 4680

Re: 2021 Sunglasses Thread 😎

Bought a pair of polarized Oakleys years ago when I got lasik. I still have them but they were getting a bit beat up so I bought a pair of Ray-Ban Wayfarers. I like them very much when driving and stuff. Plus, I look cool as hell. Thinking about getting a pair of Versace glasses just to be obnoxious.
by Armani
Fri Feb 26, 2021 4:32 pm
Forum: Personal Consumer Issues
Topic: Car suggestion for 70+ year-old mom
Replies: 160
Views: 8963

Re: Car suggestion for 70+ year-old mom

I vote for a Lotus Evora. That’s what we bought our elderly mother.
by Armani
Fri Feb 19, 2021 9:08 am
Forum: Personal Finance (Not Investing)
Topic: How should I spend all this money?
Replies: 72
Views: 9059

Re: How should I spend all this money?

I imagine if one has a large amount of money and no descendants to leave it to, why not just find reputable charities and donate it to them?
by Armani
Thu Feb 18, 2021 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: How should I spend all this money?
Replies: 72
Views: 9059

Re: How should I spend all this money?

Mr. praxis, sir
I really, really, really need an Omega Seamaster.
Does that help you?
by Armani
Thu Feb 18, 2021 12:03 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 184
Views: 17282

Re: best wristwatch for the price

Omega Seamaster for the win.
by Armani
Thu Feb 04, 2021 9:52 am
Forum: Personal Consumer Issues
Topic: Backpacking gear recommendations - backpack, shoes, sleeping bag
Replies: 100
Views: 5427

Re: Backpacking gear recommendations - backpack, shoes, sleeping bag

There are a lot of factors to consider. I have been known to change out of my luxury clothes into something more rugged and go camping. If you want to spend serious money, REI has you covered. This is actually important, though. Moreover, you can get out of there spending a reasonable amount too. Ho...
by Armani
Sun Jan 17, 2021 4:30 pm
Forum: Personal Consumer Issues
Topic: What to do with Amazon gift cards?
Replies: 37
Views: 5510

Re: What to do with Amazon gift cards?

If you don’t need ‘em, I’ll take ‘em. Textbooks are expensive.
by Armani
Thu Dec 31, 2020 10:27 am
Forum: Investing - Theory, News & General
Topic: Holding both VTSAX and VFIAX
Replies: 17
Views: 1129

Holding both VTSAX and VFIAX

I have three accounts, Roth IRA and a regular brokerage account at Vanguard and a brokerage account at Schwab. In my Roth I have only VTSAX and BND. In my vanguard brokerage I have VFIAX. SWPPX at Schwab. And I an idiot for holding both Vtsax and VFIAX at vanguard? I’m 90/10 overall equity-bond.
by Armani
Fri Dec 25, 2020 3:27 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin, Ethereum and Crypto: Educational Thread
Replies: 215
Views: 17413

Re: Bitcoin, Ethereum and Crypto: Educational Thread

How does actually invest in Bitcoin to take advantage of the profits? How do you buy it?
by Armani
Wed Dec 23, 2020 1:38 pm
Forum: Investing - Theory, News & General
Topic: Converting ETF to mutual fund
Replies: 20
Views: 1299

Re: Converting ETF to mutual fund

ETFs are very tax efficient. They are also more portable if you hold them at brokerages other than Vanguard. Most brokerages charge no fee to buy and sell ETFs. They will charge higher fees to buy and sell outside mutual funds. You may find brokerages that won't even hold admiral shares, or at leas...
by Armani
Wed Dec 23, 2020 12:08 pm
Forum: Investing - Theory, News & General
Topic: Converting ETF to mutual fund
Replies: 20
Views: 1299

Re: Converting ETF to mutual fund

I'm going to go back to step one: Why do you want to switch from an ETF to a mutual fund? As you said it is a taxable event. And this is in a taxable brokerage account not an IRA? I prefer the convenience of being able to contribute set amounts of money. For example, maybe this paycheck I can only ...
by Armani
Wed Dec 23, 2020 11:23 am
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11511

Re: Luxury clothes

I do get my suits custom made. They cost around $1,000 each. I’m short and fat. Buying off the rack just isn’t an option. My dress shirts are custom too. But I like Ralph Lauren polos and Armani is just damn elegant. I also love the bold designs of Robert Graham but his stuff sadly is not meant for...
by Armani
Wed Dec 23, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: Converting ETF to mutual fund
Replies: 20
Views: 1299

Re: Converting ETF to mutual fund

I'm going to go back to step one: Why do you want to switch from an ETF to a mutual fund? As you said it is a taxable event. And this is in a taxable brokerage account not an IRA? I prefer the convenience of being able to contribute set amounts of money. For example, maybe this paycheck I can only ...
by Armani
Wed Dec 23, 2020 10:09 am
Forum: Investing - Theory, News & General
Topic: Converting ETF to mutual fund
Replies: 20
Views: 1299

Converting ETF to mutual fund

I know you can’t do this in vanguard. You gotta sell then buy. If I do that now do I lose out on the dividends that pay out in a few days?
I know I’m a stupid dum dum head. I’m still new to this and learning.
by Armani
Mon Dec 21, 2020 10:19 am
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11511

Re: Luxury clothes

Why not admire nice things? I admire a fit and healthy body even more. With a fit and healthy body, you can put on $w5 tee, $10 pants, and $20 shoes, and you can look like your best self. You’re you, I’m me. We like different things and we choose to spend our money differently. Your comment doesn’t...
by Armani
Mon Dec 21, 2020 10:18 am
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11511

Re: Luxury clothes

I think the OP is merely looking for good sources of fine clothing. I recognize that Boglehead groupthink says we should only own second-hand Toyotas, Costco clothing and Casio watches (bought for under $15 on Black Friday). After all, who needs a mechanical watch when the Casio is just as accurate...
by Armani
Sun Dec 20, 2020 9:03 pm
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11511

Re: Luxury clothes

I also prefer fit. I just admire a sharp dressed man. I’m sure there is a psychological need that fills for me. My dress shirts cost about $100 each. They’re custom made and not too much more than high quality dress shirt at A nice store. I prefer Omega to Rolex. I don’t own either yet, but will ge...
by Armani
Thu Dec 17, 2020 5:39 pm
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11511

Re: Luxury clothes

I also prefer fit. I just admire a sharp dressed man. I’m sure there is a psychological need that fills for me. My dress shirts cost about $100 each. They’re custom made and not too much more than high quality dress shirt at A nice store. I prefer Omega to Rolex. I don’t own either yet, but will get...
by Armani
Mon Dec 14, 2020 11:42 am
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11511

Re: Luxury clothes

Ok, I confess. Men's style is one of my guilty pleasures. I highly recommend Put This On as a resource: https://putthison.com/start-here/ Investing time in research and learning will pay back in spades in cost avoidance. And answering the WHAT/WHY of purchases will make the WHERE easier. You can mi...
by Armani
Mon Dec 14, 2020 11:09 am
Forum: Personal Investments
Topic: Would someone walk me thru the mechanics of a Backdoor Roth?
Replies: 26
Views: 2678

Re: Would someone walk me thru the mechanics of a Backdoor Roth?

If I already have a Roth IRA, but get a pay raise that increases my income beyond the limit for Roth, do I open a traditional IRA, fund it, then transfer it to the Roth?
by Armani
Sat Dec 12, 2020 6:54 pm
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11511

Re: Luxury clothes

I do get my suits custom made. They cost around $1,000 each. I’m short and fat. Buying off the rack just isn’t an option. My dress shirts are custom too. But I like Ralph Lauren polos and Armani is just damn elegant. I also love the bold designs of Robert Graham but his stuff sadly is not meant for ...
by Armani
Fri Dec 11, 2020 9:37 am
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11511

Luxury clothes

For those of us here who enjoy wearing clothing of the highest quality such as Giorgio Armani, Hemut Lang, Ralph Lauren purple label, etc, where do you purchase your items? I always try to save money on luxury clothing.
by Armani
Tue Dec 01, 2020 9:29 pm
Forum: Personal Investments
Topic: Thoughts on VGT [Vanguard Information Technology ETF]
Replies: 53
Views: 4183

Re: Thoughts on VGT [Vanguard Information Technology ETF]

I am currently in VTSAX/BND in my Roth IRA. I also have a little VOO in a taxable account and a little SWPPX in a Schwab account. I'm not yet at 6 figures, but I'm in my mid 40s and playing catch up. My equity to bond ratio is 90/10. After the new year I'll get it more to 80/20. Anyhow, I was think...
by Armani
Sun Nov 29, 2020 4:22 pm
Forum: Investing - Theory, News & General
Topic: Great video by Ben Felix on Tech Revolutions
Replies: 24
Views: 2600

Re: Great video by Ben Felix on Tech Revolutions

How does a guy like him earn money if he suggests everyone buy index funds like a bogelhead? I believe that, while he likes index funds, he is a bigger believer in factor investing. He thinks you'll get better returns by allocating some of your money into small-cap and value. I imagine that he sell...