Search found 2103 matches

by manatee2005
Tue Dec 28, 2021 7:34 pm
Forum: Personal Investments
Topic: Is the mega backdoor Roth an option in 2022?
Replies: 21
Views: 1989

Re: Is the mega backdoor Roth an option in 2022?

Note: I do not want a discussion of any pending legislation, only what is allowable right now. For 2022 it seems like the mega back door will so far still be an option, is that correct? I don't think any legislation that has already passed has eliminated this. If nothing passes for the rest 2021, is it possible for Congress to remove the mega back door roth option during 2022 for the then current 2022 tax year? Or will it then only be possible for 2023? (not wanting to discuss any pending legislation, only if Congress can remove provisions of the tax year in the same tax year that the legislation is passed). I'm going to max out pre-tax 401k first which will take a few months anyways. I don't know why anyone would be contributing to after ...
by manatee2005
Tue Dec 28, 2021 7:32 pm
Forum: Personal Investments
Topic: Is the mega backdoor Roth an option in 2022?
Replies: 21
Views: 1989

Re: Is the mega backdoor Roth an option in 2022?

Folks, quick question, Is this about removing it completely of is there a MAGI limit that is under discussion? I'm pretty sure this question falls under the "pending legislation" category. Correct. As a reminder, see: Unacceptable Topics Politics and Religion In order to avoid the inevitable frictions that arise from these topics, political or religious posts and comments are prohibited. The only exceptions to this rule are: Common religious expressions such as sending your prayers to an ailing member. Usage of factual and non-derogatory political labels when necessary to the discussion at hand. Discussions about enacted laws or regulations that affect the individual investor. Note that discussions of proposed legislation are pro...
by manatee2005
Tue Dec 28, 2021 1:16 pm
Forum: Personal Investments
Topic: Portfolio Review
Replies: 12
Views: 1506

Re: Portfolio Review

At age 34 it's too early to start thinking about retiring at 50. I am paying $400k for my kids' college which is putting a big wrinkle in my retirement plans. Just accumulate and don't worry about retiring at a specific age.
by manatee2005
Tue Dec 28, 2021 12:03 am
Forum: Investing - Theory, News & General
Topic: Financial New Year's Resolutions?
Replies: 41
Views: 3980

Re: Financial New Year's Resolutions?

Maximize pre-tax 401k
Do a Backdoor Roth
Maximize HSA
Check if mega backdoor Roth goes away in 2022
Hoard the rest in taxable and buy individual stocks and crypto
by manatee2005
Mon Dec 27, 2021 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP / HSA question for those versed on the subject
Replies: 15
Views: 1023

Re: HDHP / HSA question for those versed on the subject

Ask your HR, that's what they're there for. Small business so no HR, and the owner doesn't know. I messaged the plan administrators this question a week ago and have gotten no response to my query. I sent another message earlier tonight to the plan admins. Not many days left in the year so I'm trying to collect as much information from as many places as I can. That’s a really strange plan summary. Sorry, not HSA eligible. I appreciate the response. Would you be able to elucidate further? To qualify as a high deductible health plan the only first dollar benefits allowed are preventive services. Your plan, in addition to the preventive benefits, covers office visits (primary, specialist, urgent care), lab and imaging, and generic RX with no ...
by manatee2005
Mon Dec 27, 2021 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Single Year Extra High Income Planning
Replies: 11
Views: 1567

Re: Single Year Extra High Income Planning

It’s looking like 2022 could be an exceptionally high income year for me and I am looking for advice on how to plan and proceed. I will be setting up a 2022 planning meeting with my CPA once the numbers come into a little bit better focus but wanted to see what the BH had to say. I normally make around $300k/yr. I think next year will be closer to $450-500k due to RSU appreciation and larger expected bonus. On top of that I expect about $75k in LTCG from a real estate syndication being sold. I’d also like to sell some RSUs that have piled up and am looking at another $50-75k in LTCG. Adding it all up looks like somewhere in the $600k range. I already max 401k and HSA. I have a large IRA balance so Backdoor Roth’s are out. My wife resigned ...
by manatee2005
Mon Dec 27, 2021 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP / HSA question for those versed on the subject
Replies: 15
Views: 1023

Re: HDHP / HSA question for those versed on the subject

kevinf wrote: Mon Dec 27, 2021 11:35 pm
manatee2005 wrote: Mon Dec 27, 2021 11:28 pm Ask your HR, that's what they're there for.
Small business so no HR, and the owner doesn't know. I messaged the plan administrators this question a week ago and have gotten no response to my query. I sent another message earlier tonight to the plan admins. Not many days left in the year so I'm trying to collect as much information from as many places as I can.
Artful Dodger wrote: Mon Dec 27, 2021 11:33 pm That’s a really strange plan summary. Sorry, not HSA eligible.
I appreciate the response. Would you be able to elucidate further?
Looks like it is eligible
https://www.healthcare.gov/glossary/hea ... count-hsa/


https://www.healthcare.gov/high-deductible-health-plan/
by manatee2005
Mon Dec 27, 2021 11:37 pm
Forum: Personal Consumer Issues
Topic: Global Entry- renew or not?
Replies: 92
Views: 8690

Re: Global Entry- renew or not?

I renewed last summer without an interview. When I first applied 6 years ago, it required an interview. Had a bit of a hic cup where I had not disclosed I had been "arrested" during some college shenanigans in the 70's_ Pre Disco for cripes sake! The question was "Have you ever been arrested?" I processed as "Ever been convicted?' so I answered "No" as we were all given a stern "Don't be a Knucklehead in my jurisdiction again" warning by the Magistrate and after completing "double secret probation" with no "further dust ups", the charge was dropped. And who would actually believe The Man has paper based info from the pre computer era about shenanigans that took place half a c...
by manatee2005
Mon Dec 27, 2021 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: 16 Year Old, Habits, Goals & Budgeting
Replies: 43
Views: 3449

Re: 16 Year Old, Habits, Goals & Budgeting

Darwin wrote: Mon Dec 27, 2021 11:09 pm Yeah... It's pretty hard to step back when we can see obvious missed opportunities that we want to save for people we love! I've won a few and lost a few. It's a moving target. My most recent tact is to humorously threaten my (nephew-aged) cousin that once he starts earning a normal wage I'm going to insist on him maximizing his ROTH IRA. So he's been warned, with a smile. Light-heartedness goes a long way.
I'm sure he loves it.
by manatee2005
Mon Dec 27, 2021 11:30 pm
Forum: Investing - Theory, News & General
Topic: Liz Weston NerdWallet Better not to roll your 401(k) to an IRA?
Replies: 81
Views: 8313

Re: Liz Weston NerdWallet Better not to roll your 401(k) to an IRA?

Liz Weston's column says it may be better for employees to leave retirement savings in their employers' 401(k) accounts than rolling them over to IRAs. Her main argument is "The average expense ratio for stock mutual funds in the U.S. in 2020 was 1.16%, while 401(k) investors paid about one third that amount, or 0.39 %, on average." Liz Weston is a certified financial planner and syndicated financial columnist with the LA Times. I don't always agree with her, but her articles generally are well worth reading. In this case, I agree with the conclusion, but not with the reason. The average ER or mutual funds available for IRAs is irrelevant because you choose the IRA provider and fund products. They are not invested in funds with t...
by manatee2005
Mon Dec 27, 2021 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP / HSA question for those versed on the subject
Replies: 15
Views: 1023

Re: HDHP / HSA question for those versed on the subject

So I've just been placed on a new health insurance plan this December that has a $3,000 OOPM and deductible. Perusing through the IRS documentation it SEEMS like this plan should qualify as a high-deductible-health-plan which SHOULD qualify me to open a health savings account. The plan summary page is here So are there any gotchas I should be aware of that might disqualify a plan that seems to fit the criteria for a HDHP to open an HSA with? Assuming I DO qualify to open an HSA, the verbiage of the IRS docs regarding plan contributions is about as clear as mud (specifically regarding the "last month rule"). "Last-month rule. Under the last-month rule, if you are an eligible individual on the first day of the last month of yo...
by manatee2005
Thu Dec 23, 2021 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: If you were me, would you buy an apartment in NYC?
Replies: 108
Views: 11388

Re: If you were me, would you buy an apartment in NYC?

I would buy one in Florida, not NYC
by manatee2005
Thu Dec 23, 2021 9:18 pm
Forum: Personal Investments
Topic: 2021 Backdoor Roth after 12/31/2021?
Replies: 21
Views: 3547

Re: 2021 Backdoor Roth after 12/31/2021?

NoProbLlama wrote: Thu Dec 23, 2021 4:35 pm This is the first year that our income has forced us to make backdoor Roth contributions. We’re thinking about waiting to make our 2021 contributions around March of 2022.

1. It seems like this is allowed, similar to direct Roth contributions having different calendar year vs tax year. Am I wrong about that for backdoor?

2. Even if this is technically allowed, are there any good reasons that getting this done before 12/31 would save us some paperwork/headache/etc, or any less-obvious unintended consequences I might be missing?

Thanks as always!!!
Always do it in the same calendar year
by manatee2005
Sat Dec 18, 2021 2:31 pm
Forum: Investing - Theory, News & General
Topic: What was the best and the worst advice you ever received on Bogleheads.org?
Replies: 203
Views: 22528

Re: What was the best and the worst advice you ever received on Bogleheads.org?

For best, Staying the course in March 2020 made me rich.

As far as the worst,not to do individual stocks.
by manatee2005
Sat Dec 18, 2021 2:18 pm
Forum: Personal Consumer Issues
Topic: Making a college decision based on net cost
Replies: 83
Views: 6171

Re: Making a college decision based on net cost

Why are people still letting their kids go to med school?
Computer science or finance is the thing to do in 2020s.
It’s not 1990 anymore.
by manatee2005
Thu Dec 16, 2021 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Return to Work - How is your company dealing with it?
Replies: 593
Views: 84604

Re: Return to Work - How is your company dealing with it?

vanbogle59 wrote: Thu Dec 16, 2021 9:06 am My megacorp just delayed till March
Smart. I never understood this January rush when we knew cases would be up in December.
by manatee2005
Tue Dec 07, 2021 12:27 pm
Forum: Personal Investments
Topic: Made a horrible mistake with my retirement accounts
Replies: 65
Views: 10588

Re: Made a horrible mistake with my retirement accounts

On my brother's recommendation, I have moved all of my and wife's retirement accounts and a taxable JWROS account to Fisher Investments. I had a concern about their fees, but my brother convinced me that Fisher will get me higher returns and during market downturns, the loses won't be as severe. Based on my math, our combined $1.8M retirement accounts, we are probably going to be paying north of $20k in fees plus whatever the expense ratio fees are. I always trusted his opinion, but should have known better and checked in with the Bogleheads before pulling the trigger :oops: . Now that the damage is done, what are your suggestions? Once I dump them, should I transfer everything into Vanguard or Fidelity and invest in total stock/bond/inter...
by manatee2005
Fri Nov 26, 2021 12:22 pm
Forum: Personal Investments
Topic: Kids 4 year college money .. is this a good idea ?
Replies: 61
Views: 7416

Re: Kids 4 year college money .. is this a good idea ?

I always hear about skin in the game here with regards to tuition. My son is a freshman now, and his future depends on this degree and that’s skin in the game enough for him to get him motivated to study and do well. Not to mention the self-esteem hit of failing and being back at home thinking if he has what it takes to get a college degree while the people he met in college are progressing toward their dreams. He spent the halloweekend this year studying for his math test (on which he got 94) without me saying anything and without me putting any kind of loan repayment terms between us. I think you misunderstood my statement. I didn't meat it in relation to it being a motivator. I merely mean that if you never had responsibility of paying ...
by manatee2005
Thu Nov 25, 2021 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: 31/F – House buying advice
Replies: 50
Views: 5988

Re: 31/F – House buying advice

tRacer4201 wrote: Thu Nov 25, 2021 3:42 pm
Nathan Drake wrote: Mon Nov 22, 2021 1:59 am How did you go from 100k to 1.1M in 3 years and 120k to 300k in the sane timeframe?

That seems like extremely volatile income in a rising market to me and I don’t recommend buying a house

Something in these numbers isn’t adding up

viewtopic.php?f=1&t=240529&p=3762801#p3762801
A combination of hard work and luck in my day job. A $300K total comp is not hard in certain industries, given the right skill set.
Would you be buying the house by yourself or with your spouse?

I would say whether your spouse wants a house is more important than what people on the the internet think. Financially, you can afford it. Now it’s just a question of do you want to.
by manatee2005
Thu Nov 25, 2021 4:43 pm
Forum: Personal Investments
Topic: Preparing for Conversion from Traditional IRA to Roth IRA
Replies: 22
Views: 2203

Re: Preparing for Conversion from Traditional IRA to Roth IRA

If you rollover the ira into roth you’ll have to pay taxes on it. It’s best to roll it over into the 401k. Thank you for your reply! I had considered that but because we already have most of our retirement savings in pre-tax accounts 401(k) I was hoping to get a better balance between funds we could withdraw tax-free and those that would be subject to taxes and RMDs down the road. We also have two kids and had read there could be some benefits to passing the Roth IRA down to them after we both pass. I realize there may not be a perfect answer to all of this but that is what I was thinking. Joe Are you doing backdoor or mega backdoor Roths? If you do backdoor roth you and your wife could contribute 6k each to ira then convert to roth so you...
by manatee2005
Thu Nov 25, 2021 4:28 pm
Forum: Personal Investments
Topic: Preparing for Conversion from Traditional IRA to Roth IRA
Replies: 22
Views: 2203

Re: Preparing for Conversion from Traditional IRA to Roth IRA

If you rollover the ira into roth you’ll have to pay taxes on it.

It’s best to roll it over into the 401k.
by manatee2005
Thu Nov 25, 2021 11:28 am
Forum: Personal Investments
Topic: Willing to share your Taxable Portfolio?
Replies: 381
Views: 57612

Re: Willing to share your Taxable Portfolio?

AMZN DIS GOOG MSFT NET NVDA ROKU SHOP TSLA V ZM Wow. Must have made a killing. Wow. It’s been pretty good. Who would have expected MSFT and Google which already had high valuation to go up 60% since then. Do you have an exit/rebalancing plan, or are you viewing this as a forever buy and hold portfolio for the rest of your life until your heirs get stepped up cost basis? Yes, when something in the company changes I sell. I sold Zoom because the schools are in person now and people don’t want to use it anymore cos it reminds them of bad times. It was a nice run while it lasted. I also buy new stocks, I bought Airbnb cos I think the rebound in travel will be amazing. As far as the heirs, I’m only in my 40s and I’m not really thinking about th...
by manatee2005
Thu Nov 25, 2021 10:41 am
Forum: Personal Investments
Topic: Kids 4 year college money .. is this a good idea ?
Replies: 61
Views: 7416

Re: Kids 4 year college money .. is this a good idea ?

having instilled the benefits of an education during childhood is more motivating. This right here is the key IMHO. By the time the kid is no longer a kid, it's more often than not too late to do much of anything to change this particular course. Motivation aside, I do believe there is significant value in having some debt and responsibilities/discipline that this entails. I'm planning to cover a large part of my kid's education. Frankly I have no idea how much education will even cost in 10 years, so their 529 is just an approximation. Yet I want them to have some skin in the game to get them ready for larger financial responsibilities that will surely follow. I always hear about skin in the game here with regards to tuition. My son is a ...
by manatee2005
Thu Nov 25, 2021 9:49 am
Forum: Personal Consumer Issues
Topic: Apple Watch - do you like it / use it?
Replies: 104
Views: 10758

Re: Apple Watch - do you like it / use it?

I have Apple watch 4 and I like it for tracking exercise. also it’s nice to see who texted you without checking your phone.
by manatee2005
Thu Nov 25, 2021 9:48 am
Forum: Personal Investments
Topic: Willing to share your Taxable Portfolio?
Replies: 381
Views: 57612

Re: Willing to share your Taxable Portfolio?

GoldenGoose wrote: Wed Nov 24, 2021 11:31 pm
manatee2005 wrote: Sun Nov 29, 2020 3:04 am AMZN
DIS
GOOG
MSFT
NET
NVDA
ROKU
SHOP
TSLA
V
ZM
Wow. Must have made a killing. Wow.
It’s been pretty good. Who would have expected MSFT and Google which already had high valuation to go up 60% since then.
by manatee2005
Thu Nov 25, 2021 1:55 am
Forum: Personal Consumer Issues
Topic: Moving out of big city and working remotely
Replies: 28
Views: 3333

Re: Moving out of big city and working remotely

mikejuss wrote: Wed Nov 24, 2021 6:44 pm Join the club. Yours is the $64,000 question. For now, I'm staying put, but I've had the same thought as you.
Same with me. I even worked from Airbnbs in a couple of different states during WFH to test it out, but in the end I prefer my city. I also wouldn't move NYC to go to MA, maybe Florida or California would be worth it, but not MA.
by manatee2005
Wed Nov 24, 2021 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Has Anyone Seen any Black Friday Quicken Deals?
Replies: 19
Views: 2560

Re: Has Anyone Seen any Black Friday Quicken Deals?

Not much this year and I’ve been looking for a laptop.
by manatee2005
Tue Nov 23, 2021 3:30 am
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market [Home sales]
Replies: 2923
Views: 521025

Re: Tales from this insane real estate market

portfolio123 wrote: Tue Oct 19, 2021 10:55 pm
BillWalters wrote: Mon Oct 18, 2021 7:30 pm That’s just not the reality right now. Everything that hits the market in desirable locations has cash offers over list. This is absolutely not due to loose underwriting, it is due to educated people with money all wanting to live in the same supply constrained markets.
I guess what I still don't understand (made a similar post a couple months ago), is what's different now that's causing a supply constraint? Lack of new construction? People not wanting to sell their homes since they'd need to pay up for something new?

Haven't educated people with money always wanted homes in good school districts, move-in-ready, etc.? Why over the past year or so is it such a mad rush whenever a new, good property is listed?
Stock market gains.
by manatee2005
Sun Nov 21, 2021 10:05 am
Forum: Personal Investments
Topic: Strategy for 401K plan that allows after-tax contributions but no conversions?
Replies: 10
Views: 1024

Re: Strategy for 401K plan that allows after-tax contributions but no conversions?

skis4hire wrote: Sat Nov 20, 2021 11:47 am Do not assume you can roll over the after tax to Roth when you leave the company. We're not allowed to discuss the reasons why that might be especially true as of this week.
I think the OP post was smartly crafted as a loophole around the reason for why we can’t discuss it.

If the “employer” won’t allow rollovers, what is the after tax 401k good for? Absolutely nothing, say it again.
by manatee2005
Mon Nov 15, 2021 1:47 pm
Forum: Investing - Theory, News & General
Topic: "How to Retire With $2 Million On a $50,000 Salary"
Replies: 195
Views: 27678

Re: "How to Retire With $2 Million On a $50,000 Salary"

Starting a business is the one in your list that most people can do. Did you have any teacher in HS who taught you how to start a business? I didn’t. How exactly does one teach someone to start "a business"? A vending machine business is going to require a much different business model from, say, a landscaping business, or a restaurant. They have much different capital requirements, risks, insurance costs, labor turnover, growth pattern, etc. There are some fundamentals that apply everywhere (like how to read a profit & loss statement, or how to calculate depreciation), but there are already classes in those things. The things that are really useful to starting a business are usually specific to that particular form of busine...
by manatee2005
Mon Nov 15, 2021 1:42 pm
Forum: Investing - Theory, News & General
Topic: "How to Retire With $2 Million On a $50,000 Salary"
Replies: 195
Views: 27678

Re: "How to Retire With $2 Million On a $50,000 Salary"

"by age 67, you'll have a cool $2.1 million in savings" How about we teach how to get $2.1 million by age 37 or even 27. Nobody teaches that. There is only one way to make a lot of money quickly: take a LOT of risk. That can mean starting a business, entering into speculative trades, earning giant sales commissions, or entering a high risk/high reward field like writing, entertainment, or professional sports. Those are the fields where you see a lot of rich young people (but also much more poor young people). On the plus side, the consequences of failure in your 20s and 30s are pretty minimal. On the downside, the nature of risk means that you are far more likely to fail than succeed. I greatly respect those people with the coura...
by manatee2005
Mon Nov 15, 2021 1:30 am
Forum: Investing - Theory, News & General
Topic: "How to Retire With $2 Million On a $50,000 Salary"
Replies: 195
Views: 27678

Re: "How to Retire With $2 Million On a $50,000 Salary"

"by age 67, you'll have a cool $2.1 million in savings" How about we teach how to get $2.1 million by age 37 or even 27. Nobody teaches that. There is only one way to make a lot of money quickly: take a LOT of risk. That can mean starting a business, entering into speculative trades, earning giant sales commissions, or entering a high risk/high reward field like writing, entertainment, or professional sports. Those are the fields where you see a lot of rich young people (but also much more poor young people). On the plus side, the consequences of failure in your 20s and 30s are pretty minimal. On the downside, the nature of risk means that you are far more likely to fail than succeed. I greatly respect those people with the coura...
by manatee2005
Mon Nov 15, 2021 1:24 am
Forum: Investing - Theory, News & General
Topic: "How to Retire With $2 Million On a $50,000 Salary"
Replies: 195
Views: 27678

Re: "How to Retire With $2 Million On a $50,000 Salary"

Brianmcg321 wrote: Sun Nov 14, 2021 4:45 pm
manatee2005 wrote: Sun Nov 14, 2021 1:12 pm "by age 67, you'll have a cool $2.1 million in savings"

How about we teach how to get $2.1 million by age 37 or even 27. Nobody teaches that.

Learn to code.
This is the closest thing to riches in your 30s if you want a desk job but you can be burned out pretty easily with long hours and mental fatigue.
by manatee2005
Sun Nov 14, 2021 3:52 pm
Forum: Investing - Theory, News & General
Topic: "How to Retire With $2 Million On a $50,000 Salary"
Replies: 195
Views: 27678

Re: "How to Retire With $2 Million On a $50,000 Salary"

JoMoney wrote: Sun Nov 14, 2021 1:21 pm
manatee2005 wrote: Sun Nov 14, 2021 1:12 pm "by age 67, you'll have a cool $2.1 million in savings"

How about we teach how to get $2.1 million by age 37 or even 27. Nobody teaches that.
From Ken Fisher's "10 Roads To Riches" :
Image
This is all they should teach in school.

I still haven’t used logarithms once in my life.
by manatee2005
Sun Nov 14, 2021 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Pay raises for 2022
Replies: 421
Views: 63539

Re: Pay raises for 2022

Well, 6% might be good. But polling a lot of friends who are in mid-management, I see widespread panic in a lot of jobs. Upper management is afraid that the quits are going to go through the roof, in specific companies. And mid-management is advising upper management to give generous raises. So, we shall see. I've noticed that while the rate of professional people under around age 55 quitting to go work elsewhere seems similar to pre-COVID times at my employer, it seems like everyone age 55+ has been suddenly running for the exits this year. I would not be surprised if half of our age 55+ workforce either has left already in 2021 or will leave in the next 6 months. If you’re in your 50s, and have been investing for 25 years, the value of y...
by manatee2005
Sun Nov 14, 2021 1:12 pm
Forum: Investing - Theory, News & General
Topic: "How to Retire With $2 Million On a $50,000 Salary"
Replies: 195
Views: 27678

Re: "How to Retire With $2 Million On a $50,000 Salary"

"by age 67, you'll have a cool $2.1 million in savings"

How about we teach how to get $2.1 million by age 37 or even 27. Nobody teaches that.
by manatee2005
Sat Nov 13, 2021 12:30 am
Forum: Investing - Theory, News & General
Topic: What will happen to the inflation rate when there is no longer a supply backlog?
Replies: 45
Views: 5509

Re: What will happen to the inflation rate when there is no longer a supply backlog?

You don't have to be a Nobel prize winning economist to know that when the government spends 5 trillion in a year that the inflation will rear its ugly head.
But only ugly head for the poor whose budgets will be blown to bits. Those who have assets will be ok. The wealth gap will widen.
by manatee2005
Thu Nov 11, 2021 6:35 pm
Forum: Personal Consumer Issues
Topic: Please suggest my next car
Replies: 144
Views: 12631

Re: Please suggest my next car

Because nobody wants to drive a minivan :D . I jest...but in all reality...this is likely partly true for many families. Call it vanity or what have you, but minivans are simply not a vehicle many, particularly young families, want to have in their garage. I was a single guy in my 20s when a neighbor asked me to go with him to a dealership about an hour away because he was buying a minivan and needed me to drive it back. I remember that drive to this day. I never had less self confidence than I did during that 1 hour drive. At one point when I was stopped at a red light I looked over to the car next to me and there were two attractive girls my age and when they saw me in the minivan they burst out laughing. I didn’t speak to my neighbor af...
by manatee2005
Thu Nov 11, 2021 6:32 pm
Forum: Personal Consumer Issues
Topic: Please suggest my next car
Replies: 144
Views: 12631

Re: Please suggest my next car

Because nobody wants to drive a minivan :D . I jest...but in all reality...this is likely partly true for many families. Call it vanity or what have you, but minivans are simply not a vehicle many, particularly young families, want to have in their garage. I was a single guy in my 20s when a neighbor asked me to go with him to a dealership about an hour away because he was buying a minivan and needed me to drive it back. I remember that drive to this day. I never had less self confidence than I did during that 1 hour drive. At one point when I was stopped at a red light I looked over to the car next to me and there were two attractive girls my age and when they saw me in the minivan they burst out laughing. I didn’t speak to my neighbor af...
by manatee2005
Thu Nov 11, 2021 3:36 pm
Forum: Personal Consumer Issues
Topic: Please suggest my next car
Replies: 144
Views: 12631

Re: Please suggest my next car

This. This. From a father of two (3 and 1 years old). I don't see how a suv serves a young family better than a minivan with sliding doors... Because nobody wants to drive a minivan :D . I jest...but in all reality...this is likely partly true for many families. Call it vanity or what have you, but minivans are simply not a vehicle many, particularly young families, want to have in their garage. I was a single guy in my 20s when a neighbor asked me to go with him to a dealership about an hour away because he was buying a minivan and needed me to drive it back. I remember that drive to this day. I never had less self confidence than I did during that 1 hour drive. At one point when I was stopped at a red light I looked over to the car next ...
by manatee2005
Thu Nov 11, 2021 3:34 pm
Forum: Personal Consumer Issues
Topic: Please suggest my next car
Replies: 144
Views: 12631

Re: Please suggest my next car

Honda Odyssey, Toyota Sienna. Especially if you are having a second child in the next few years. The sliding doors make getting kids in and out much, much easier. A minivan has lots of cargo capacity as well, which comes in handy with a growing family. This. This. From a father of two (3 and 1 years old). I don't see how a suv serves a young family better than a minivan with sliding doors... Because nobody wants to drive a minivan :D . I jest...but in all reality...this is likely partly true for many families. Call it vanity or what have you, but minivans are simply not a vehicle many, particularly young families, want to have in their garage. I was a single guy in my 20s when a neighbor asked me to go with him to a dealership about an hou...
by manatee2005
Thu Nov 11, 2021 8:20 am
Forum: Personal Consumer Issues
Topic: Please suggest my next car
Replies: 144
Views: 12631

Re: Please suggest my next car

Honda Odyssey, Toyota Sienna. Especially if you are having a second child in the next few years. The sliding doors make getting kids in and out much, much easier. A minivan has lots of cargo capacity as well, which comes in handy with a growing family. This. This. From a father of two (3 and 1 years old). I don't see how a suv serves a young family better than a minivan with sliding doors... Because nobody wants to drive a minivan :D . I jest...but in all reality...this is likely partly true for many families. Call it vanity or what have you, but minivans are simply not a vehicle many, particularly young families, want to have in their garage. I was a single guy in my 20s when a neighbor asked me to go with him to a dealership about an hou...
by manatee2005
Thu Nov 11, 2021 8:14 am
Forum: Personal Consumer Issues
Topic: Please suggest my next car
Replies: 144
Views: 12631

Re: Please suggest my next car

Chevy traverse
by manatee2005
Sun Nov 07, 2021 12:55 pm
Forum: Investing - Theory, News & General
Topic: 2022: IRS announces 401(k) limit increases to $20,500
Replies: 43
Views: 8839

Re: 2022: IRS announces 401(k) limit increases to $20,500

Whakamole wrote: Sat Nov 06, 2021 11:31 am
goodenyou wrote: Sat Nov 06, 2021 10:43 am
anon_investor wrote: Thu Nov 04, 2021 9:03 pm
zaboomafoozarg wrote: Thu Nov 04, 2021 8:59 pm
anon_investor wrote: Thu Nov 04, 2021 8:50 pmMore mega backdoor Roth!
Well that's not a sure thing yet, it keeps switching back and forth.

But that's a story for another day when they finally decide! :D
Shhhh #1 rule of MBR is we don't talk about MBR!
Less than a sure thing. From what I am seeing, it is unlikely.
Hypothetically, is there any use case for an after-tax 401k/IRA?
Yes, put like 30k in it and roll it over to Roth IRA. Tax free gains 4 life.
by manatee2005
Sun Nov 07, 2021 12:51 pm
Forum: Personal Consumer Issues
Topic: PC for kid to start as a youtube gamer
Replies: 7
Views: 532

Re: PC for kid to start as a youtube gamer

I would recommend building your own. I built PCs for my kids in 2013 and 2015 and they are still thinking of me as some kind of computer genius haha.
by manatee2005
Tue Nov 02, 2021 10:40 pm
Forum: Personal Investments
Topic: Windfall with portfolio advice
Replies: 53
Views: 6198

Re: Windfall with portfolio advice

I guess this hit a nerve cos my friend got $10k from his grandparents who grew up during the depression and they were super frugal and poor. And he just took those $10k and installed some double pane windows in his house. I'm not getting the gripe here. How would double pane windows upset the dead grandparents? I thought that kind of thing was a worthy investment as they increase the value of a home and lower heating/cooling costs. What would you consider an honorable use of a $10k windfall? At least they didn't go out and buy some lifted truck that looks straight out of an energy drink commercial or spend it on hookers and blow! As for giving to grandkids I don't see why not. Who cares what their genetic make-up is? Do adopted kids get th...
by manatee2005
Tue Nov 02, 2021 2:19 pm
Forum: Personal Investments
Topic: Windfall with portfolio advice
Replies: 53
Views: 6198

Re: Windfall with portfolio advice

I’m actually surprised that the grandparents didn’t give any indication that they’re leaving a third of a million dollars. Did grandparents ever talk about finance with your husband? Does he have any idea what they’d want you to do? I would hate to think that they’d want you to fix HVAC and buy VTSAX with the rest. Try to help others with the money. Why would you think that? They left the money with no strings attached. If they wanted it to go to charity they could have easily specified that. Seems strange to find out about it 2 years after death. I guess this hit a nerve cos my friend got $10k from his grandparents who grew up during the depression and they were super frugal and poor. And he just took those $10k and installed some double ...
by manatee2005
Tue Nov 02, 2021 2:13 pm
Forum: Personal Investments
Topic: Windfall with portfolio advice
Replies: 53
Views: 6198

Re: Windfall with portfolio advice

Check to see if you can refinance to a lower interest perhaps to a 15 year mortgage, or do a .mortgage recast to a better interest rate. We actually thought about refinancing the home and putting some money towards it to have a lower payment and to get a better interest. Would you recommend putting any money towards the refinance or just refinance? My suggestion is to contribute the windfall to the taxable account investing in Vanguard Total Stock Market Index Fund Admiral Shares VTSAX (0.04%). Yes my suggestion is to put some money into the refinancing or mortgage recast, to get a better interest rate, or a lower payment, or both. Then put the rest in your taxable brokerage account, investing in Vanguard Total Stock Market Index Fund (VTS...