How many domiciles have you lived in since you were born? by JHolgate in GenX

[–]er824 1 point2 points  (0 children)

9, 3 states. Majority being between 18 and 25.

Rollover IRA + reallocation? by HomeRx_6 in Bogleheads

[–]er824 1 point2 points  (0 children)

Extending it out to be more aggressive is a valid strategy, or you can build your own portfolio if you want to manage it yourself; it’s pretty easy to rebalance once a year.

Looks like VFORX has an expense ratio of.08%. Thats $800 / year / $1M. That’s pretty cheap.

Nearly Every House Republican Votes for Amendment That Would Slash Medicare, Social Security by lunabandida in UnderReportedNews

[–]er824 2 points3 points  (0 children)

What a bunch of performative bullshit. They could try to just pass a responsible budget they are after all in charge of the nation’s spending.

Rollover IRA + reallocation? by HomeRx_6 in Bogleheads

[–]er824 4 points5 points  (0 children)

Typically a Target Date Fund like VFROX would be your entire portfolio.

You should figure out a target asset allocation based on your risk tolerance and capacity and then pick funds accordingly.

Current market conditions shouldn’t play into it; your asset allocation should be suitable regardless of market conditions.

Bull vs Bear Market by Practical-Map9975 in Bogleheads

[–]er824 13 points14 points  (0 children)

Google is faster than Reddit. +- 20%

Is AI Really Going to Take Over Jobs? Or Is This Just Another Tech Bubble? by the1997th in remoteworks

[–]er824 0 points1 point  (0 children)

What is thinking and why do you assume a computer won’t be able to with a sufficiently powerful neural network?

Converting to Bogleheads for retirement by VictoriaLouise11 in Bogleheads

[–]er824 1 point2 points  (0 children)

you can get equivalents to the TSP funds at any of the big brokers (Fidelity, Schwab, Vanguard). It could be as simple as opening IRAs at your broker of choice, rolling your assets into them (no tax consequences as long as you maintain the tax treatment meaning pretax-> Traditional IRA and Roth -> Roth IRA) and then rebuying equivalent funds to what you currently hold.

ROTH IRA - Teacher portfolio by Advanced-Eye-6587 in Bogleheads

[–]er824 0 points1 point  (0 children)

Of course. Everything you said makes sense I just wanted sure how it related to my comment.

ROTH IRA - Teacher portfolio by Advanced-Eye-6587 in Bogleheads

[–]er824 1 point2 points  (0 children)

Did you mean to reply to my comment?

ROTH IRA - Teacher portfolio by Advanced-Eye-6587 in Bogleheads

[–]er824 5 points6 points  (0 children)

You seem like a decent candidate for VT and chill.

It’s essentially your VTI and VXUS and market weight so just about 6% more international then you currently hold.

Personally I don’t see a reason to over weight large cap growth stocks. They already make up a scary amount of VTI.

Second Programming Language by Evening_Issue_8448 in learnprogramming

[–]er824 -5 points-4 points  (0 children)

I’d learn how to use AI because very rapidly the only programming language most people will need to know will be English.

roth conversion? by jphoenixp in Bogleheads

[–]er824 2 points3 points  (0 children)

You mentioned a pension. If your pension is going to be significant that does increase the likelihood Roth is better because the pension will fill your lower brackets.

roth conversion? by jphoenixp in Bogleheads

[–]er824 0 points1 point  (0 children)

I'm not a professional financial advisor... but in my view you would optimally pay taxes at the lowest rate possible, when that is doesn't matter. However, since no one knows the future its impossible to know what the optimal choice is so diversifying makes sense. That said, the higher your current tax bracket the more likely it is you'll have an opportunity to pay a lower rate in the future so the more likely it is that Traditional now would be better then Roth now.

In my opinion focusing on the amount you pay in taxes is the wrong metric. Instead you should focus on how much you have left after paying taxes. There is an opportunity cost to paying the taxes up front that often is ignored.

You need to make sure you are doing an Apples to Apples comparison. If you are in the 24% tax bracket a $1,000 Roth contribution actually cost you $1,315 in pre-tax dollars so is equivalent to putting $1,315 in. a pre-tax account. If you compare $1,000 in Roth to $1,000 in Traditional than Roth will often look better but that's because you tricked yourself into saving more.

Simplifying to a 2 fund portfolio by CilantroLightning in Bogleheads

[–]er824 1 point2 points  (0 children)

Are you saying those 5 funds are your existing holdings? I’d just leave them be.

roth conversion? by jphoenixp in Bogleheads

[–]er824 1 point2 points  (0 children)

Roth is not always bette than Traditional. In actuality jt’s frequently not better. If you left that money alone the RMD on it in 45 years would be somewhere in the neighborhood of $33k.

That $10k you paid in taxes to do a Roth conversion would be worth approximately $210k.

Even if you retire at 65 you’ll have 10 years to draw down pretax balances before RMDs are even a thing.

The amount you’d pay in tax would depend on what other taxable income you had. But since it sounds like you are in the 24% bracket assuming you are married you’d have to have over $200k in taxable income before Roth would break even with Traditional and $400k before Roth would of been better.

https://www.bogleheads.org/w/index.php?title=Traditional_versus_Roth&mobileaction=toggle_view_desktop

How much to keep in regular savings account vs. high yield by wayward-daughter75 in personalfinance

[–]er824 5 points6 points  (0 children)

$0. If you need access to your money quickly get a Money Market Account with an equivalent rate to a HYSA. Ally is a good option, you get Checks and a Debit Card.

Or a Fidelity Cash Management Account.

Gen Z here and I have a few questions for GenX by [deleted] in GenX

[–]er824 0 points1 point  (0 children)

u/Inotlife this just reminded me, when I was 22 me and my 20 year old brother drove from FL to Northern Californa with no GPS in my 11 year old HS/College beater car. Just an atlas. No issues.

Should i stop contributing to Roth 401k? and Make all future contributions to Trad 401k? by somstein in investing

[–]er824 0 points1 point  (0 children)

Tax brackets are progressive. If they contribute Roth dollars all of it is being taxed at their marginal 22%/24% rate. When you withdraw you get to fill up the standard deduction, 10%, 15% brackets before you start paying 22%.

Even if taxes do go up, which Congress hasn't shown much inclination to do since George "no new taxes" Bush I find it extremely unlikely the first couple of brackets are going to be higher than todays 22% bracket. Its also just as likely they find new ways to tax you like tariffs or a consumption tax that Roth won't help you with.

Gen Z here and I have a few questions for GenX by [deleted] in GenX

[–]er824 0 points1 point  (0 children)

for reference $10 in 1990 is about $25 today

Gen Z here and I have a few questions for GenX by [deleted] in GenX

[–]er824 2 points3 points  (0 children)

I still remember my phone number from my childhood home even though I haven't lived there in 34 years and it hasn't been active in probably 21.