Search found 273 matches

by slow n steady
Mon Apr 05, 2021 6:28 pm
Forum: Personal Investments
Topic: 2021 Check Up. 31 Years Old. NW $5M.
Replies: 48
Views: 5837

Re: 2021 Check Up. 31 Years Old. NW $5M.

Wow folks. This is supposed to be a safe place to talk about money. The OP's post seems sincere and legitimate. Being successful should not make a person an outcast at bogleheads.

OP, you are doing great. Jealousy does weird things to people.

Good luck!
by slow n steady
Sat Apr 03, 2021 3:06 pm
Forum: Personal Investments
Topic: Anyone tax gain harvesting from stock bought last March
Replies: 26
Views: 1624

Re: Anyone tax gain harvesting from stock bought last March

Yep! Just got done last week. I'm in the 12% bracket and wanted to liquidate my taxable account. I would have done it sooner but I was waiting for the one year mark.
by slow n steady
Tue Jan 26, 2021 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: tax strategy for allocating savings in 2021
Replies: 15
Views: 1269

Re: tax strategy for allocating savings in 2021

Do I understand correctly that I can’t contribute to a traditional IRA if I’m converting After-Tax to Roth IRA? If the after-tax contributions are rolled directly to the Roth IRA and don't take a detour though a TIRA then you can have assets in a TIRA and not trigger the pro-rata rule. How should I...
by slow n steady
Tue Jan 26, 2021 7:18 am
Forum: Personal Consumer Issues
Topic: Fair price for all inclusive and family of 5?
Replies: 21
Views: 2483

Re: Fair price for all inclusive and family of 5?

Any good sites i should be looking at? It would be good to check this one to read up on the new travel restrictions. https://wwwnc.cdc.gov/travel/notices/covid-4/coronavirus-mexico Aside from the obvious risks of traveling in a pandemic an additional risk is that you might test positive for Covid i...
by slow n steady
Tue Jan 19, 2021 8:46 am
Forum: Personal Investments
Topic: 529 Question regarding gift deposits - who owns the money?
Replies: 16
Views: 1407

Re: 529 Question regarding gift deposits - who owns the money?

This is a good example of why not to let other people put money in a 529 that you are the owner of. I was thinking of doing this but now see possible downsides. Thank you. What I would do in your situation is use money from my savings or taxable account and pay the people back, leaving the actual mo...
by slow n steady
Fri Jan 15, 2021 10:55 pm
Forum: Personal Investments
Topic: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?
Replies: 85
Views: 9103

Re: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?

To make this work you need two things, money and flexibility. Money looks good and it sounds like you're ready to be flexible.

Now start a YouTube channel so I can live vicariously through you.

Good luck!
by slow n steady
Fri Jan 15, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I walk away from nice pension? Is it worth it?
Replies: 48
Views: 6589

Re: Should I walk away from nice pension? Is it worth it?

14 years till you're done for life compared to maybe 20 or more years with less job stability along the way? Keep your eye on the prize. If the pension is worth over 75K for the rest of your life and you live 40 more years, that is a multi-million dollar pension. Consider that as part of your wages ...
by slow n steady
Sun Jan 03, 2021 11:28 pm
Forum: Personal Investments
Topic: Why max 401k before 529?
Replies: 181
Views: 10702

Re: Why max 401k before 529?

every dollar you contribute to a 529 (which requires after tax money) while you still have deductible space left over (per your example above you have another $4k on the 401k + $6k on an IRA = $10k) is literally lighting your own money on fire. This is the part I don't get. Can I make this hypothet...
by slow n steady
Wed Dec 30, 2020 8:26 pm
Forum: Personal Investments
Topic: Too much in 401(k)s [long time lurker finally asking a question]
Replies: 17
Views: 4510

Re: Too much in 401(k)s [long time lurker finally asking a question]

Another unknowable in all of your calculations is if you or your spouse dies earlier than expected. Run your numbers with switching over to the singles tax bracket in 10, 20, or 30 years. It might make you lean a little more towards the roth now and convert big approach.
by slow n steady
Wed Dec 23, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11486

Re: Running out of cash

<SNIP> I am basically unsure about the best place to get the extra cash. I am considering the following options: 1) Get a HELOC 2) Use up cash and then tap Roth IRA contributions (but not the growth). This would be around $155k. 3) Do a cash out refinance. I can take out $150k (I didn’t inquire abo...
by slow n steady
Wed Dec 23, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11486

Re: Running out of cash

Im with Celia and Tony. You describe being cash poor, but you are actually playing games with the tax system to make a 6 figure income (im guessing 120k + ?) look like a poverty line income so you qualify for subsidies meant to give poor families access to healthcare. +1 This may sound a little har...
by slow n steady
Wed Dec 23, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11486

Re: Running out of cash

[...] Half of our investments are in Roth IRAs and we don't have $1M saved. I project that we will likely end up with somewhere between $1.5-$2M in retirement, depending on exactly when I retire and how investments perform in the years ahead. [...] Having read your post a while back about low incom...
by slow n steady
Thu Dec 17, 2020 6:59 am
Forum: Personal Investments
Topic: Roth vs Traditional for my situation?
Replies: 24
Views: 1787

Re: Roth vs Traditional for my situation?

Assuming 4% withdrawals, it takes a little over $2.5 million in tax-deferred accounts to max out the 12% federal tax bracket for a MFJ couple. I don't think they're to far off from that 2.5 million. I put 680k in an investment calculator adding 19.5k per year for 20 years. With a 4% real return I c...
by slow n steady
Sat Dec 12, 2020 6:57 am
Forum: Personal Investments
Topic: I've Maxed Everything Out and Want to Make Sure I'm Not Doing Something Dumb Next
Replies: 17
Views: 3156

Re: I've Maxed Everything Out and Want to Make Sure I'm Not Doing Something Dumb Next

First off, great job! You are killing it. I love Roth but in your situation I would go traditional. If you have any desire to retire or slow down before traditional retirement age you will probably come out ahead with traditional. I sometimes make my decisions based on what I think a future regret w...
by slow n steady
Sat Nov 28, 2020 6:11 am
Forum: Personal Investments
Topic: My plan after lurking for a while. Am I missing anything?
Replies: 14
Views: 1978

Re: My plan after lurking for a while. Am I missing anything?

So do you pay social security tax? You listed medicare but not SS so I wasn't sure. If you do, I would defer the HSA money at work so you get a deduction from SS tax. If not, going with Fidelity is a great idea. Us vs. Int., 70/30 is great. Its roughly in the middle of where people argue. Roth vs. D...
by slow n steady
Wed Nov 18, 2020 8:24 am
Forum: Personal Investments
Topic: I may die poor
Replies: 160
Views: 17904

Re: I may die poor

All I had to read was the title “I may die poor” and the first thread “ I am 40yo - making 140k a year”. Seriously? If you read further, my question really is, what am I doing wrong? Was hoping to find something to dig into so I could research and educate myself to be in a better position - Granted...
by slow n steady
Fri Nov 06, 2020 6:30 am
Forum: Personal Consumer Issues
Topic: What do you give your adult children at holiday time?
Replies: 175
Views: 12630

Re: What do you giver your adult children at holiday time?

As someone who has a mother and MIL that fret over this every year I tell them the best gift is nothing. We already have more way more stuff than we need and don’t need any money. The worst part is they never listen and whatever thing they get us ends up being donated by March. Exactly, I am very p...
by slow n steady
Thu Nov 05, 2020 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Helping someone with abysmal credit and finances
Replies: 44
Views: 2906

Re: Helping someone with abysmal credit and finances

Outer Marker wrote: she is reluctant to share.
And that says it all.

If I was poor with money, overweight, socially inept, or anything of the sort, I would not want someone to try to fix it for me if I didn't ask for their help.

You may be trying to help the friend, but you can lead a horse to water...
by slow n steady
Fri Oct 23, 2020 2:35 pm
Forum: Personal Consumer Issues
Topic: Downsizing to one car in a pandemic
Replies: 34
Views: 3306

Re: Downsizing to one car in a pandemic

My wife and I have three young children and we downsized to one car in March (not covid related). I have a work vehicle that I can take home but I can't use it for anything outside of work. We were concerned that we would both have to be in different places at the same time. I reasoned with the mone...
by slow n steady
Mon Jul 13, 2020 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's new job, pregnancy leave
Replies: 50
Views: 3774

Re: Wife's new job, pregnancy leave

If she want to go back, that’s fine, but only do it if she really wants to.

Or she could tell them 6 months and come back after 5.

Personally, I would take all of the benefits offered to me.
by slow n steady
Wed Jun 10, 2020 5:47 pm
Forum: Personal Investments
Topic: Savings for college/529 Plan
Replies: 3
Views: 245

Re: Savings for college/529 Plan

That's the rub. You usually can't get more return without more risk. The risk may never show up, but that doesn't mean you chose wisely.

Personally, I would stick with safer investments at this point.

Good Luck!
by slow n steady
Sun Jun 07, 2020 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: sell or keep extra mower?
Replies: 21
Views: 1127

Re: sell or keep extra mower?

You already did the right thing by letting Amazon know and they said keep it.

Now return one of them to Amazon and keep the free one.

Get your money back and have a free mower!
by slow n steady
Mon May 18, 2020 1:39 pm
Forum: Personal Consumer Issues
Topic: Reel Grass Mower
Replies: 36
Views: 2186

Re: Reel Grass Mower

I tried a fiskars reel mower. You can't let the grass grow very long or the reel mower won't cut all the blades of grass.

I was to lazy to cut that often so I sold it.

I recently bought a battery powered mower and accessories and I'm very happy with them.
by slow n steady
Mon Apr 27, 2020 10:25 pm
Forum: Personal Consumer Issues
Topic: purchasing a minivan - price on a new Kia Sedona
Replies: 10
Views: 742

Re: purchasing a minivan - price on a new Kia Sedona

We have been wanting a van for several years but we can't quite pull the trigger. We test drove a Sedona two years ago and a Grand Caravan last month. In your shoes, I would lean heavily towards renting until more information is known. I wouldn't pay that much for a Grand Caravan, it's going to depr...
by slow n steady
Mon Apr 13, 2020 8:22 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Connect - $15/mo 2GB
Replies: 27
Views: 3156

Re: T-Mobile Connect - $15/mo 2GB

My wife and I just switched to Mint Mobile this week. No issues so far.
by slow n steady
Tue Mar 31, 2020 5:59 am
Forum: Personal Consumer Issues
Topic: New Washing Machine
Replies: 18
Views: 1877

Re: New Washing Machine

I did my research a couple of years ago and ended up with a speed queen (after hearing about it here). Simple and reliable were my main criteria. I'm happy so far, I'll come back with a full review in 20 or so years.
by slow n steady
Thu Mar 19, 2020 7:10 am
Forum: Investing - Theory, News & General
Topic: Itching to increase my stock allocation during the bear market
Replies: 21
Views: 1382

Re: Itching to increase my stock allocation during the bear market

I am 32 and this is my first time experiencing a sharp decline in the market as well. I have over-rebalancing written into my Investment Policy Statement. I will review this after this bear is over and see if I think the extra time it took and possible stress was worth the extra money. My IPS is bel...
by slow n steady
Mon Mar 16, 2020 6:56 am
Forum: Investing - Theory, News & General
Topic: IPS Suggestion
Replies: 15
Views: 710

Re: IPS Suggestion

For me, it may be the opposite. I have never been in a downturn (with assets at least) and did not know my risk tolerance. I am early in my career and decided on 90% equity 10% bond. I broke my IPS on Friday and converted some bond to equity for 95/5. If the market drops another 20% I am thinking t...
by slow n steady
Sat Feb 22, 2020 9:46 pm
Forum: Personal Investments
Topic: Letting HSA grow despite unused tax-advantaged space
Replies: 22
Views: 1850

Re: Letting HSA grow despite unused tax-advantaged space

If you have tax-advantaged contribution space available. Taking tax-free distributions for qualified medical expenses allows you make additional tax-advantaged contributions. If you make a pre-tax contribution, that turns the HSA contribution, tax-free distribution and tax-advantaged contribution i...
by slow n steady
Tue Jan 07, 2020 12:25 pm
Forum: Personal Investments
Topic: How should we pay taxes?
Replies: 10
Views: 1699

Re: How should we pay taxes?

I would personally start switching to all Roth contributions. Especially with the possible (likely) inherited accounts coming your way as well and the amount you already have in deferred. Imagine you continue on this Traditional path and your accounts rise to about $3M if you work the next 30 years ...
by slow n steady
Thu Nov 28, 2019 10:34 pm
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 265
Views: 27446

Re: Can one have too much Roth?

How could a taxable account ever beat a Roth? Over 40% of US families do not pay federal income tax. Thus they don't pay taxes on a taxable account. You might say, "Oh, that makes them the same!" But wait! There is no penalty from withdrawing gains from a taxable account before age 59 1/2...
by slow n steady
Wed Oct 30, 2019 2:28 am
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 8881

Re: 529/son got accepted to medical school whahoooo!

Son just got accepted to medical shool this week. Due to an incredible investing education learned on this board, I have enough money in a 529 to pay for all four years. He earned his way through college with scholarships and working. It is currently 90 percent in stocks and 10 percent bonds. Shoul...
by slow n steady
Wed Oct 30, 2019 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Do I Have a Crummy Local Government Pension?
Replies: 51
Views: 4657

Re: Do I Have a Crummy Local Government Pension?

I would much prefer having control over my investments instead of having that pension. I have a pension but my numbers are much more attractive than yours. The real problem with these types of pensions is most plans were too optimistic in the past and the current participants are having to pay for t...
by slow n steady
Sun Sep 15, 2019 6:25 am
Forum: Forum Issues and Administration
Topic: Trivial but interesting?
Replies: 7
Views: 2086

Re: Trivial but interesting?

Similarly, if you ask the moderators to change your user name, all old posts get the new name too. Someone did that recently. I had to go through multiple old posts of theirs to find one which was quoted to figure out who it was. So you can still figure out the old username, but it takes a little w...
by slow n steady
Fri Sep 06, 2019 4:32 am
Forum: Personal Finance (Not Investing)
Topic: FIRE withdrawal tax strategies - specific hypothetical
Replies: 4
Views: 704

Re: FIRE withdrawal tax strategies - specific hypothetical

The top of the 0% bracket for capital gains is 78,750 and you will have a standard deduction this year of 24,400 giving you a top level of 103,150. If you receive 10K in dividends and take 90k out of your taxable account to live on, you will end up with 10k dividends and 27k of capital gains. I pers...
by slow n steady
Mon Jul 08, 2019 6:31 pm
Forum: Investing - Theory, News & General
Topic: Tax GAIN Harvesting
Replies: 21
Views: 2696

Re: Tax GAIN Harvesting

I'm sure there are things that I am missing, but when I think about it with real dollars, it seems to me like harvesting your lowest percentage gains wins. Example: You have 50k in stock A with a basis of 45k. You also own 50 K in stock B with a basis of 25k. You only have room to harvest 5k in gain...
by slow n steady
Tue Jun 25, 2019 9:56 pm
Forum: Personal Investments
Topic: Is .7 too high of an admin fee in a 457b?
Replies: 20
Views: 1388

Re: Is .7 too high of an admin fee in a 457b?

We max out 403bs and Roths. The 457b is through Nationwide. There is a fee of .26 plus an extra .44 for Vanguard, DFA, Dodge and Cox, Pimco funds. So I would be paying an extra .70. ...... Does .7 seem too high? Or is that normal. That sentence suggests that there might be other funds available in ...
by slow n steady
Wed Jun 05, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Mortgage or Save for Down Payment
Replies: 12
Views: 741

Re: Pay off Mortgage or Save for Down Payment

I have swung back and forth on this over the years, meaning there are strong arguments on both sides. I don't have access to a VA loan. I have ultimately come down on the side of not paying off the mortgage unless I can pay off the mortgage and have around $100K of assets I can reach. The additional...
by slow n steady
Fri May 17, 2019 8:23 am
Forum: Investing - Theory, News & General
Topic: Invest or Payoff Home
Replies: 38
Views: 3167

Re: Invest or Payoff Home

To provide more details to my original post. I’m 41 years old and max out my employer 401k and Roth IRA I have $165k in my taxable FIRE fund and will have about 40k left in savings if I payoff the mortgage. Thanks for all the input it’s very valuable in my decision making. I want to make the best d...
by slow n steady
Fri May 10, 2019 11:43 pm
Forum: Investing - Theory, News & General
Topic: Any conservative young investors?
Replies: 79
Views: 9938

Re: Any conservative young investors?

femur wrote: Fri May 10, 2019 4:19 pm
darrvao777 wrote: Fri May 10, 2019 12:42 pm <35

66/33 split

Plan to continue indefinitely

I’m 36, have the same allocation and plan to keep it forever.
<35 with 33/33/33 Us/int/bond

Although I have written in my IPS I can time the market under certain conditions.
by slow n steady
Fri May 10, 2019 11:44 am
Forum: Personal Investments
Topic: To 457b or not to 457b
Replies: 15
Views: 1340

Re: To 457b or not to 457b

Quote: Combined, my wife and I could contribute an additional $50,000 in our 457b plans. If we were to do so, we would need to draw on the inheritance monies in the taxable account to cover $50K annual living expenses (total of $500K). This is exactly what I would do for the foreseeable future. Whet...
by slow n steady
Mon Apr 29, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I max out Roth 457b, Roth 401k and Roth IRA?
Replies: 4
Views: 627

Re: Can I max out Roth 457b, Roth 401k and Roth IRA?

Yes. I strongly encourage this strategy.

We are doing something similar but will have to stop in a year or two when the taxable money almost runs dry.
by slow n steady
Mon Mar 04, 2019 6:23 pm
Forum: Personal Investments
Topic: Portfolio review and investment guidance needed!
Replies: 14
Views: 1014

Re: Portfolio review and investment guidance needed!

Pools usually add very small amounts to the sale price later or even hurt the price. Have you considered buying a house in the area with a pool already installed and selling your current home?

It might not be feasible with your location and current home prices but it's something worth looking into.
by slow n steady
Fri Mar 01, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Did I mess up my employer contribution?
Replies: 2
Views: 310

Re: Did I mess up my employer contribution?

Immediately change your contribution to 4%. Your employer may have a "true up", which means you would get the rest of your match at the end of the year. I would call HR to find out Most employers don't do this so you might be out of luck. You may have bought yourself a lesson for future ye...
by slow n steady
Tue Feb 26, 2019 9:14 pm
Forum: Personal Investments
Topic: Vanguard platform is a mess ... UX-wise [User eXperience]
Replies: 65
Views: 6662

Re: Vanguard platform is a mess ... UX-wise

Woo-hoo! Just refreshed the dashboard page and - finally! - that "stupid red triangle" (TM) is gone. Market gain: $174.41. :-) I guess, the moral of the story is to try to log into VG platform not often, at least, giving it day(s) after most recent transaction. Having said that, I still s...
by slow n steady
Tue Jan 29, 2019 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Job Transfer Quandary
Replies: 8
Views: 11281

Re: Job Transfer Quandary

The answer to me depends on where you are financially. If you are getting close to early retirement and want to stay, then stay. If you don't have access to lots of extra funds beyond the severance, I would lean heavily towards taking the transfer. Sorry you are in this position. Good luck!
by slow n steady
Sun Jan 27, 2019 12:50 am
Forum: Personal Investments
Topic: Advice needed...Can we retire NOW?!?
Replies: 28
Views: 3379

Re: Advice needed...Can we retire NOW?!?

To be honest, it doesn't seem like you've done your homework yet. If you get something wrong and decide to retire, the consequences might not show up for several years but could be quite painful. I can't give a solid answer without more info. The fact that you hadn't fully thought about health insur...
by slow n steady
Sat Jan 19, 2019 8:31 pm
Forum: Personal Investments
Topic: HSA Records: For the IRS, how much is enough?
Replies: 18
Views: 1648

Re: HSA Records: For the IRS, how much is enough?

I did this for one year and decided to just take the money out of the HSA as the bills came for simplification. All items kept electronically. EOB's-not necessary but helpful Bill Receipt of payment Copy of credit card statement showing I paid for it One that is often forgotten-Copy of every year of...
by slow n steady
Fri Jan 18, 2019 10:45 am
Forum: Investing - Theory, News & General
Topic: Vanguard Total World Stock (VTWAX) and All-World ex-US Small Cap Admiral Shares (VFSAX) now available (February 7)
Replies: 181
Views: 24936

Re: Vanguard Total World Stock and All-World ex-US Small Cap Admiral Shares should launch February 5

pascalwager wrote: Thu Jan 17, 2019 2:04 pm The reality of the nature of my five accounts is that I could/would probably only use TWS in my Roth, so I'll probably just stick with 50/50 US/int'l overall.
Same story here. It sounds great in theory but not possible until retirement.