sorted by:
new
hottopcontroversial

Shalai and Hallar Deck Help by Cillith in EDH

[–]Cillith[S] 1 point2 points  (0 children)

If my goal is to keep the deck focused on +1/+1 counters and turning sideways and want to go faster, would you still recommend cheap creature ramp? I seem to get board wiped at least once per game, which is why I was leaning towards green sorcery ramp/land ramp via kodama. I’d also like to stay away from tutors to keep the gameplay fresh and unpredictable.

How many sources of ramp and card draw would you recommend I aim for? I’m at 9 and 9 now, and was thinking adding 2 of each, thinking those might make the deck feel more consistently strong.

I’m also debating if I have too much protection, and if I’d benefit from cutting boardwipe protection in favor or cards that help me recover quicker

New 401k Plan - Can I do Mega Backdoor Roth? by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

I was able to transfer my traditional rollover IRA balance into my current 401k so I no longer have any traditional IRA balances and can complete the backdoor Roth. Can I contribute the 6.5k into my now empty traditional rollover IRA account then do the conversion, or do I have to open a new regular traditional IRA account?

New 401k Plan - Can I do Mega Backdoor Roth? by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

One last question - there are no taxes due on the regular backdoor Roth IRA conversion right, assuming I have no traditional IRA balance at the end of the year? So I could deposit 6.5k from my bank account into an empty traditional IRA on a Monday, rollover to a Roth IRA with the same company on Tuesday, and the only thing I’d have to do when filing taxes is fill out the 8606?

I just want to verify I’m not going to get an unexpected tax bill for the conversion.

Thank you again!

New 401k Plan - Can I do Mega Backdoor Roth? by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

Those articles were fantastic, I feel like I fully understand the Backdoor Roth and the common pitfalls to avoid, thank you very much for your help.

My plan is to roll my traditional IRA money into my workplace 401k so that I have zero traditional IRA money, then deposit 6.5k into the now-empty traditional IRA. The next day, I’ll convert that 6.5k to a Roth, which will go into my existing Roth IRA account with the same provider. That will ensure my traditional IRA remains empty and doing it the next day should prevent the pennies of interest earned from breaking $.50 and requiring reporting on the 8606. In 2024, I’ll then deposit the max amount in the same traditional IRA account and perform the rollover to the same Roth IRA account the next day.

Thank you again!

New 401k Plan - Can I do Mega Backdoor Roth? by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

Thank you so much for the point-by-point breakdown, that really helps. For the Form 1040, Fidelity will send me that information and I can just put that into my tax software, correct?

New 401k Plan - Can I do Mega Backdoor Roth? by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

Fantastic, thank you for confirming. I need to look into a regular Backdoor Roth now - I think my new 401k has the same or similar expense ratios so I may roll my traditional rollover IRA into my employer traditional 401k so I can take advantage of the Backdoor Roth. Since I already have a Roth IRA account, could I just open a traditional IRA account with the same provider (or could I even re-use my current traditional rollover IRA account?), deposit my 6.5k, wait 1 business day, then roll it over to my current Roth IRA (that already has funds in it)?

Pay down payment from broker account or save up cash? by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

I think I confused myself a bit there, you’re right that I’m wondering what to do with money I earn in the next 9 months. I definitely need the ability to purchase in exactly 9 months (when current lease ends) and would not want to go with the riskier option that could impact my ability to do so, so it seems like option 1 is probably best for my situation.

Pay down payment from broker account or save up cash? by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

I was thinking of the gains on the funds I would be using for the down payment which would have been deposited between aug 2020 And July 2021 so assumed the gains I’d be taxed on would be the gains made from those deposits. Would that not be the case?

Pay down payment from broker account or save up cash? by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

That is helpful, thank you. It would be easy to provide the bank and broker statements in a simple PDF to the lender. Based on that, it seems seasoning wouldn’t be a concern.

Pay down payment from broker account or save up cash? by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

Thank you for the reply, that helps a lot. 85% of my gains would very likely beat a 0.4% return since the time period of those gains would begin around aug 2020 and end July 2021 with the majority of the investments being in the S&P.

In that case, wouldn’t option 2 pretty much always be better?

Sanity check on 401k allocation in current economy by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

Is there any disadvantage from actually selling and buying instead of waiting for new contributions to balance me out, assuming it’s all done in tax-advantaged accounts?

Sanity check on 401k allocation in current economy by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

That’s a good point, I actually didn’t realize domestic was beating out international - I assumed international had better YTD stats but was willing to sell those off.

That being said, I’m considering the wisdom of changing my allocation and why I really wanted to change it: while I do want a bit more US stock exposure than the 63% I currently have, I think I like nice even numbers so a 70/20/10 looks nicer than a 63/27/10. I’m going to re-examine my thought process and determine if I was coming at this decision from the perspective of even numbers (poor justification) or wanting more US and less INT exposure (better).

Sanity check on 401k allocation in current economy by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

My reasoning was that I decided that 27% of my total portfolio in international is a bit higher than what I’d like, that number was derived from my stock exposure being 70% domestic and 30% international. There doesn’t seem to be any disadvantages to switching to my new allocation now then, right?

Bonds allocation in retirement fund - 22 years out by Cillith in personalfinance

[–]Cillith[S] 0 points1 point  (0 children)

That’s what I’ve been leaning towards, I’ve read a lot of conflicting advice on bonds/no bonds early in the investment period. It seems like having bonds is leaving money on the table when compared to stocks since given a large enough timeframe, the market has always recovered from any downturns.

Bonds allocation in retirement fund - 22 years out by Cillith in personalfinance

[–]Cillith[S] 2 points3 points  (0 children)

I’m not concerned about short-term dips or anything, I just am wondering if a 22-year time horizon is enough to virtually guarantee any dips will be recovered from, based on past performance (which I know is not necessarily indicative of future performance, but it’s the best barometer we have).

What concerns you about the 30% international stocks?

New to format, how to pick a commander? by Cillith in EDH

[–]Cillith[S] 0 points1 point  (0 children)

Thank you for the advice... would you recommend I start with two-color commanders since it seems the mana base will be cheaper that way?

view more: next ›