Search found 3273 matches

by an_asker
Sat Jun 12, 2021 11:29 am
Forum: Personal Investments
Topic: 401k Expenses - Investing past the match?
Replies: 7
Views: 567

Re: 401k Expenses - Investing past the match?

Those fees are astounding. I had never thought that there would be a plan that would so badly undercut my old plan! :oops: There is only one scenario where you might want to contribute more than the match to that 401k - if you are planning to definitely quit the company in the near future and roll t...
by an_asker
Sat Jun 12, 2021 10:46 am
Forum: Personal Investments
Topic: What to do with 401k from previous employer?
Replies: 2
Views: 216

Re: What to do with 401k from previous employer?

Hello My 22yo daughter just graduated from college and will be starting a new job next week. We are looking for advice on what she should do with her small(under $3000) 401K from her previous employer? She will be opening a 403b with her new employer. She also has a Roth account at Vanguard opened ...
by an_asker
Sat Jun 12, 2021 10:01 am
Forum: Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 276
Views: 90095

Re: Time to reach 1M and 2M milestones

To go from $0 to $1M, one needs an infinite gain. To go from $100K to $1M, one one needs a 9X gain. To go from $1M to $2M, one needs a 1X gain. To go from $2M to $3M, one needs a 0.5X gain. With due respect, these gain numbers make sense for those who are retired. For those who are in the accumulat...
by an_asker
Fri Jun 11, 2021 9:24 pm
Forum: Investing - Theory, News & General
Topic: [Roth IRA vs Traditional IRA]
Replies: 12
Views: 1002

Re: [Roth IRA vs Traditional IRA]

It may not be a total no-brainer... Roth could be a worse choice - Money https://money.com/roth-ira-traditional-ira-choice/ Roth vs traditional IRA - Nerd Wallet https://www.nerdwallet.com/article/investing/roth-or-traditional-ira-account Paul Didn't closely read all responses and only read the fir...
by an_asker
Fri Jun 11, 2021 11:27 am
Forum: Personal Investments
Topic: Backdoor Roth confused and frustrated
Replies: 18
Views: 1558

Re: Backdoor Roth confused and frustrated

livesoft wrote: Fri Jun 11, 2021 11:09 am
an_asker wrote: Fri Jun 11, 2021 11:00 am I hear you. I understand it but probably Livesoft thought that OP doesn't, so that makes sense why Livesoft deleted [crossed out] the word.
:sharebeer
Where's that Like button? ;-)
by an_asker
Fri Jun 11, 2021 11:00 am
Forum: Personal Investments
Topic: Backdoor Roth confused and frustrated
Replies: 18
Views: 1558

Re: Backdoor Roth confused and frustrated

2) The mechanics and timeline of the actual conversion process, funding, investing, converting are confusing as well… once I have accounts C and D set up, a new unfunded tIRA and new unfunded Roth IRA I intend to backdoor into ($0 balances with plans to fund the max $6k/yr going forward)… Assume I ...
by an_asker
Thu Jun 10, 2021 7:45 pm
Forum: Personal Investments
Topic: Backdoor Roth confused and frustrated
Replies: 18
Views: 1558

Re: Backdoor Roth confused and frustrated

2) The mechanics and timeline of the actual conversion process, funding, investing, converting are confusing as well… once I have accounts C and D set up, a new unfunded tIRA and new unfunded Roth IRA I intend to backdoor into ($0 balances with plans to fund the max $6k/yr going forward)… Assume I ...
by an_asker
Wed Jun 09, 2021 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Home seller (at-least initially) declined only offer at list price
Replies: 97
Views: 10353

Re: Home seller (at-least initially) declined only offer at list price

OP here. Seller is advertising an open house next weekend. Apparently list price was not acceptable and they really want a bidding war. I was curious whether you were really the buyer or the seller based on a response up thread. So, I dug up this post of yours. Based on it, the issue appears to be ...
by an_asker
Wed Jun 09, 2021 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Home seller (at-least initially) declined only offer at list price
Replies: 97
Views: 10353

Re: Home seller (at-least initially) declined only offer at list price

Hi all, Just curious for your thoughts on the following real estate transaction. A home was listed and received one offer at list price. Seller is then disappointed at lack of a bidding war and then says they will sell to the buyer only if buyer raises their price. Market is extremely hot. What wou...
by an_asker
Wed Jun 09, 2021 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Home seller (at-least initially) declined only offer at list price
Replies: 97
Views: 10353

Re: Home seller (at-least initially) declined only offer at list price

A home was listed and received one offer at list price. Seller is then disappointed at lack of a bidding war and then says they will sell to the buyer only if buyer raises their price. Market is extremely hot. What would you do in such a situation? I'm assuming the seller counter-offered and the ba...
by an_asker
Tue Jun 08, 2021 2:31 pm
Forum: Personal Consumer Issues
Topic: Gardening 2021
Replies: 59
Views: 5276

Re: Gardening 2021

It's time Started my pepper plants inside with 3 trays of Italian and Jalapeno pepper seeds. The plants are roughly 2" in height. Planning out where to put them when the weather breaks to the upside. Gardeners, feel free to jump in. This topic is too advanced for me. I'm Mr. Brown Thumbs. I ne...
by an_asker
Tue Jun 08, 2021 10:17 am
Forum: Personal Investments
Topic: Roth conversion question
Replies: 6
Views: 743

Re: Roth conversion question

Roth conversions from a traditional IRA: is there any limit to that, apart from being cognizant of the effect of increasing taxable income and not going into the next tax bracket? i.e. Can I convert whatever amount works for me, and additionally contribute $7K to my Roth? Per my understanding, ther...
by an_asker
Sat Jun 05, 2021 3:26 pm
Forum: Personal Consumer Issues
Topic: Travel to USA from covid restricted country
Replies: 1
Views: 264

Re: Travel to USA from covid restricted country

Hi, I have a friend who needs to travel to USA on tourist visa from India. Non-citizens are currently not allowed to enter if they were in India during the last 14 days. They are planning to travel to Mexico by transiting through France and then stay in Mexico for 14 days before traveling to USA fr...
by an_asker
Thu Jun 03, 2021 1:30 pm
Forum: Personal Consumer Issues
Topic: Covid test kit for returning from international travel.
Replies: 30
Views: 2445

Re: Covid test kit for returning from international travel.

I'm sorry if this appears to be ignorant on my part, but why don't you invest $0 and 10 minutes of your time and get vaccinated? You'll walk out there with the white vaccination card. As others have responded, you still need the test. Not only that, in addition, countries are all picky on what they...
by an_asker
Wed Jun 02, 2021 2:01 pm
Forum: Personal Consumer Issues
Topic: Stamp Collecting
Replies: 21
Views: 1822

Re: Stamp Collecting

Consider what will happen with your collection when you're gone. I inherited my grandfather's collection when I was a teenager. I used the stamps on packages. I found it fun to come up with $2.50 in required postage on a box by sticking on 1, 2 and 3 cent stamps en masse. I wish i were on the recei...
by an_asker
Wed Jun 02, 2021 11:34 am
Forum: Personal Consumer Issues
Topic: Stamp Collecting
Replies: 21
Views: 1822

Re: Stamp Collecting

I still have my collection from childhood. One of the parent-imposed rules was - don't buy stamps, but beg/borrow/exchange (well, not literally beg lol) them. Over the years though, I have spent a few bucks here and there and yes, those mint stamps that I have from the 20th century are only worth th...
by an_asker
Tue Jun 01, 2021 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Night Before Red Flag Check
Replies: 63
Views: 8805

Re: Night Before Red Flag Check

Whaaaaat?!! $365k for 1,650 sq ft in Nashville? Is Nashville that expensive? :oops: The area is becoming very popular for transplants because of low taxes compared to where they're at now, and job opportunities. We're not at the level of Austin, Denver, or Houston...but the area is going through a ...
by an_asker
Tue Jun 01, 2021 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Night Before Red Flag Check
Replies: 63
Views: 8805

Re: Night Before Red Flag Check

Whaaaaat?!! $365k for 1,650 sq ft in Nashville? Is Nashville that expensive? :oops: The area is becoming very popular for transplants because of low taxes compared to where they're at now, and job opportunities. We're not at the level of Austin, Denver, or Houston...but the area is going through a ...
by an_asker
Tue Jun 01, 2021 8:47 am
Forum: Personal Investments
Topic: Backdoor Roth ?
Replies: 23
Views: 1774

Re: Backdoor Roth ?

Let me see if I can find and link to that post. Please do. Here it is. Disclaimer: my post was based on my understanding. If anyone finds any flaws, feel free to call them our. I looked at it and had trouble understanding what you meant. Something seems off to me. As far as this thread is concerned...
by an_asker
Sun May 30, 2021 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Night Before Red Flag Check
Replies: 63
Views: 8805

Re: Night Before Red Flag Check

[...] New build home would be $365k total before closing costs, and get me 1,645 sq ft. It has some nice features in the package like a walk in shower instead of a shower and garden tub, and a wood burning fireplace. The lot I can jump on is unimpressive, not all that big, and it's in the middle of...
by an_asker
Fri May 28, 2021 10:05 pm
Forum: Personal Investments
Topic: Backdoor Roth ?
Replies: 23
Views: 1774

Re: Backdoor Roth ?

Matt, do not use the backdoor process if there is a traditional IRA in the picture. This includes SEP IRA, SIMPLE IRA and rollover IRA. Thanks. Planning to move wife's rollover IRA into 401k and then do backdoor. Should avoid problems with pro rata rule. This is definitely the most painless approac...
by an_asker
Fri May 28, 2021 10:04 pm
Forum: Personal Investments
Topic: Backdoor Roth ?
Replies: 23
Views: 1774

Re: Backdoor Roth ?

[...] --Wife and I should do backdoor roths at the beginning of next year to avoid the problem of possibly making too much money to contribute through the front door. Thank you all for your time and thoughts. Just want to make sure you have the cause and effect right. - if you make too much money, ...
by an_asker
Fri May 28, 2021 9:53 pm
Forum: Personal Investments
Topic: Backdoor Roth ?
Replies: 23
Views: 1774

Re: Backdoor Roth ?

MattB wrote: Fri May 28, 2021 1:57 pm
an_asker wrote: Fri May 28, 2021 8:34 am
Let me see if I can find and link to that post.
Please do.
Here it is.

Disclaimer: my post was based on my understanding. If anyone finds any flaws, feel free to call them our.
by an_asker
Fri May 28, 2021 9:44 pm
Forum: Personal Investments
Topic: Help, Financially Naive here.
Replies: 82
Views: 11481

Re: Help, Financially Naive here.

ivgrivchuck wrote: Thu May 27, 2021 10:44 pm
Thegirlasha wrote: Thu May 27, 2021 6:21 pm I am not sure if there are other hidden accounts.
This lack of trust is a relationship issue you need to address.

Based on the overview you provided, it seems that your husband has done a very good job in managing your finances.
+1!
by an_asker
Fri May 28, 2021 9:42 pm
Forum: Personal Investments
Topic: Help, Financially Naive here.
Replies: 82
Views: 11481

Re: Help, Financially Naive here.

He trashes whole life life insurance/agents and annuity/agents, I believe in having a whole life insurance/annuity, am I not correct? Whole Life is garbage. If anyone suggests you buy one of those policies, promptly punch them in the face. That just sounds like my husband. LOL. To be honest, your h...
by an_asker
Fri May 28, 2021 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Car Payoff Question
Replies: 8
Views: 518

Re: Car Payoff Question

I would make a big payment online and see what happens. That is, I would not send a check. What's the worst that can happen? Answer: Pretty much nothing. Then I would come back to bogleheads.org and laud it all over the folks who suggested that I send a check. (And yes, I know the difference betwee...
by an_asker
Fri May 28, 2021 12:49 pm
Forum: Investing - Theory, News & General
Topic: I've put a powerful new line into my wealth tracker spreadsheet!
Replies: 70
Views: 11798

Re: I've put a powerful new line into my wealth tracker spreadsheet!

That is so funny, because not only have I heard this, but I also heard it way early in life! If you are working a government (read "quite stable") job, you can afford to take risks with your investment portfolio. If you are working a private job, you can afford to take less risks. But it ...
by an_asker
Fri May 28, 2021 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: What next: Hospital waived the bill under their financial assistance program
Replies: 24
Views: 2444

Re: What next: Hospital waived the bill under their financial assistance program

Does the IRS require taxes to be paid on this cancelled debt with a 1099-C? I never knew about this. So should I be expecting a 1099-C from the hospital? No. Not at all. Does that mean taxes are not owed? The taxpayer is ultimately responsible and can fill out their own 1099-C can’t they? Why must ...
by an_asker
Fri May 28, 2021 12:02 pm
Forum: Investing - Theory, News & General
Topic: Today I learned why VOO has that ticker
Replies: 28
Views: 3788

Re: Today I learned why VOO has that ticker

Please tell us about VIOV :-) lol. SP600 (i.e. small cap) Value VI=6 add an "OO" for "600" add V for value to get VIOOV, but "00ps"! Can't have 5 characters so delete one of them to get VIOV So V is both a roman numeral and a letter at the same time in this one. Not su...
by an_asker
Fri May 28, 2021 11:58 am
Forum: Investing - Theory, News & General
Topic: I've put a powerful new line into my wealth tracker spreadsheet!
Replies: 70
Views: 11798

Re: I've put a powerful new line into my wealth tracker spreadsheet!

[...] I've heard "mortgage is a negative bond" and "social security is a bond", but never "job is a bond" before. :confused I guess I'm not the type to see everything through a bond lens. That is so funny, because not only have I heard this, but I also heard it way ear...
by an_asker
Fri May 28, 2021 8:34 am
Forum: Personal Investments
Topic: Backdoor Roth ?
Replies: 23
Views: 1774

Re: Backdoor Roth ?

[...] The remaining complication is presence of any traditional IRAs and the like that trigger the pro-rata rules. A few months ago, I wrote a post discussing how the pro-rata rules are not as bad as they are made out to be - strictly speaking from a financial/tax standpoint* - but no one IIRC resp...
by an_asker
Thu May 27, 2021 6:13 pm
Forum: Investing - Theory, News & General
Topic: Today I learned why VOO has that ticker
Replies: 28
Views: 3788

Re: Today I learned why VOO has that ticker

livesoft wrote: Thu May 27, 2021 5:38 pm OK, how about VIOO ?? :)
Or IVOO. I didn't know this!!
by an_asker
Thu May 27, 2021 5:57 pm
Forum: Personal Consumer Issues
Topic: Buying a used Android phone. Having doubts.
Replies: 37
Views: 2660

Re: Buying a used Android phone. Having doubts.

I often see in threads discussing cellphones, many Bogleheads would recommend buying used/refurbished cellphones. I am a total novice when it comes to cellphone security. My question is, can I trust a used phone after a factory reset? Some of the articles I read on the web said that the reset does ...
by an_asker
Tue May 25, 2021 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: My partner wants to work part time
Replies: 17
Views: 1281

Re: My partner wants to work part time

My boyfriend of 6 months is retiring with his military pension next year after 20 years of service. He has expressed to me that because of his pension which is about 3500$/month he feels he should only have to continue to work part time and doesn’t want to work full time. He hasn’t decided on a car...
by an_asker
Tue May 25, 2021 9:00 am
Forum: Investing - Theory, News & General
Topic: A lost decade for stocks and bonds on the horizon?
Replies: 693
Views: 41926

Re: A lost decade for stocks and bonds on the horizon?

I just noticed today that the average stock asset allocation, put forward by some as the single greatest predictor of stock returns , is currently predicting real returns for the S&P 500 of .37% over the next decade. (Note that this metric is currently predicting real returns of 5.39% for EAFE ...
by an_asker
Mon May 24, 2021 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA - basic question
Replies: 20
Views: 1840

Re: Backdoor Roth IRA - basic question

Not sure what you are asking here. The original contributions ($3,620 you said) were non-deductible. You already paid tax on that. If you convert that amount to Roth, no further taxes would be due, and any future growth will be tax free. Of course it saves you money -- if you do not convert, you wi...
by an_asker
Mon May 24, 2021 11:12 am
Forum: Personal Consumer Issues
Topic: How do you justify family vacation costs?
Replies: 198
Views: 13149

Re: How do you justify family vacation costs?

Random Musings wrote: Mon May 24, 2021 8:51 am Based on income level, this is a non event. I make far, far less and spend far more on a percentage basis.
[...]
RM
But but but ... you're not "tryingtogetahead" are you? ;-)
by an_asker
Mon May 24, 2021 7:46 am
Forum: Personal Consumer Issues
Topic: How do you justify family vacation costs?
Replies: 198
Views: 13149

Re: How do you justify family vacation costs?

If you make 700k and cant justify 10k... barely one weeks pay... for a vacation each year I'm not sure what to tell you. That is a personal issue that's beyond forum rules to discuss. I'm a decade older, we make 1/3 of what you do and spend nearly that much every year- -usually spread over 2-3 trip...
by an_asker
Sun May 23, 2021 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Fun Exercise - Your Cumulative Net Worth To Cumulative Net Income Ratio
Replies: 70
Views: 3088

Re: Fun Exercise - Your Cumulative Net Worth To Cumulative Net Income Ratio

... I don't get what @MoneyJo's saying adds to the discussion. Is he (assuming Joe = "he") saying that you consumed $1M worth over the 20 years, i.e., if you had spent not a penny, you would have had $7 million today? That's not what I said Here is the quote in context: ... What's interes...
by an_asker
Sun May 23, 2021 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Fun Exercise - Your Cumulative Net Worth To Cumulative Net Income Ratio
Replies: 70
Views: 3088

Re: Fun Exercise - Your Cumulative Net Worth To Cumulative Net Income Ratio

OP, reading some of the discussion, now I am really interested in knowing how much of that $2 million did you pay in taxes (if you have the figure available)? Federal plus state plus local. I believe that for us, over the last two decades, the biggest chunks of money went out in these categories (I ...
by an_asker
Sun May 23, 2021 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Fun Exercise - Your Cumulative Net Worth To Cumulative Net Income Ratio
Replies: 70
Views: 3088

Re: Fun Exercise - Your Cumulative Net Worth To Cumulative Net Income Ratio

As an Immigrant I love the US, can't think of another country where if you work hard for 20 years you can retire comfortably for 30+ years. I was telling some overseas friends about this and they asked "How?" So we came up with a measure: Cumulative Net Worth (total assets less debt) less...
by an_asker
Sat May 22, 2021 6:50 pm
Forum: Personal Consumer Issues
Topic: My Honda Didn't Last
Replies: 110
Views: 12458

Re: My Honda Didn't Last

[...] As a side note, we sold our 1993 Honda Accord LX (manual transmission) with 305,000 miles with the original clutch back in 2015. The AC went out and I didn't think it was worth fixing. I sold it for 2 cases of beer and some change ($600). Good deal for us and the buyer. We spent $6,113 over t...
by an_asker
Sat May 22, 2021 6:35 pm
Forum: Personal Investments
Topic: To consolidate 401(k) or not?
Replies: 30
Views: 2376

Re: To consolidate 401(k) or not?

I would ask them for proof of that. Your company might be paying that. The fee isn't something that's readily visible to participants. The only reason I know about it is because I'm on the 401k committee. If the company is paying the fee, it is transparent to the employee, isn't it? Also, wouldn't ...
by an_asker
Fri May 21, 2021 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is Rollover IRA --> 401k --> Rollover IRA allowed?
Replies: 4
Views: 346

Is Rollover IRA --> 401k --> Rollover IRA allowed?

Not that I have immediate plans of doing anything like this, but it is a valid question. So, I will have moved (in a few weeks) my old Rollover IRA to my 401k. In the 401k, it shows up under the "Rollover" bucket as a line item. In the future, should I so desire, can I move these moneys - ...
by an_asker
Fri May 21, 2021 12:09 pm
Forum: Personal Investments
Topic: To consolidate 401(k) or not?
Replies: 30
Views: 2376

Re: To consolidate 401(k) or not?

I would ask them for proof of that. Your company might be paying that. The fee isn't something that's readily visible to participants. The only reason I know about it is because I'm on the 401k committee. If the company is paying the fee, it is transparent to the employee, isn't it? Also, wouldn't ...
by an_asker
Thu May 20, 2021 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: What do you value most? - Salary, Cash Bonus, Deferred Bonus, Equity
Replies: 79
Views: 5037

Re: What do you value most? - Salary, Cash Bonus, Deferred Bonus, Equity

Throughout my career, I've known only one of the four. So, I get Hobson's choice :-)
by an_asker
Wed May 19, 2021 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpectedly Ineligible for Roth IRA
Replies: 27
Views: 2170

Re: Unexpectedly Ineligible for Roth IRA

I have a slightly OT question. Say OP started with $2000 and now has $2500 in the Roth IRA. When he converts to Roth once more via the backdoor process, does IRS deem that he has used up $2000 of his Roth space or $2500 of his Roth space? I am assuming the latter, right? The first step the OP would...
by an_asker
Wed May 19, 2021 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpectedly Ineligible for Roth IRA
Replies: 27
Views: 2170

Re: Unexpectedly Ineligible for Roth IRA

Yikes, an_asker ! That’s quite an adventure. Seems like it’s coming together, though, and you’ve left a trail of helpful posts for anyone needing to do a similar rollover. We also have an old IRA to resolve, but just rolled with the pro-rate rule for DH’s account last year and decided to bite the b...
by an_asker
Wed May 19, 2021 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpectedly Ineligible for Roth IRA
Replies: 27
Views: 2170

Re: Unexpectedly Ineligible for Roth IRA

[...] Nice to know. Thanks! We will probably be "eligible" to backdoor within the year or so! an_asker , if you are that close to being 'eligible' to backdoor Roth, you should consider just starting now. That way there's no chance you will be :shock: like mnsportsgeek or like I was last y...
by an_asker
Wed May 19, 2021 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpectedly Ineligible for Roth IRA
Replies: 27
Views: 2170

Re: Unexpectedly Ineligible for Roth IRA

Say OP started with $2000 and now has $2500 in the Roth IRA. When he converts to Roth once more via the backdoor process, does IRS deem that he has used up $2000 of his Roth space or $2500 of his Roth space? I am assuming the latter, right? Wrong. In other words, because of the Roth --> traditional...