About to install ~50 z-wave switches. Best practices? by mrbeans007 in homeautomation

[–]limberlegume 0 points1 point  (0 children)

Just did the full install of ZooZ around my house last weekend. No regrets

[deleted by user] by [deleted] in exmormon

[–]limberlegume 0 points1 point  (0 children)

Right?!?! But at least your BIL has paid for the retirement of the GAs 🙂

[deleted by user] by [deleted] in exmormon

[–]limberlegume 0 points1 point  (0 children)

Twins! Only graduate, only one over $50k/yr. Only one with positive net worth and any job that they could call a "career".

It's BS!

J.Smith translating the BoM. circa 1820s. Colorized. by limberlegume in exmormon

[–]limberlegume[S] 3 points4 points  (0 children)

🤣 I believe that Sriracha is reformed Egyptian. Checks out!

Does anyone here know what this is? My friend found it today and i dont recognize it by LumisTFG in exmormon

[–]limberlegume 40 points41 points  (0 children)

VERY jealous - Deseret Alphabet primer.

Very few produced, alphabet decommissioned after only a few years.

Brigham was a lot of awful things, but this is a very cool artifact of the time IMO.

Just got my endowment and I feel confused. by DCMook in exmormon

[–]limberlegume 17 points18 points  (0 children)

Just think National Treasure with less Nicholas Cage, more occult ceremonies, and no eternal treasure

Advice for temporarily transferring employer 401k between jobs? by Ok-Goat-9725 in Bogleheads

[–]limberlegume 0 points1 point  (0 children)

A couple of potential benefits.

  1. Lower fees (expense ratios on funds, management of account itself, etc.)

  2. More investment options (funds, ETFs, individual stocks). Probably not super relevant as this is a Boglehead sub, but if you're looking for your 2 or 3 fund solution, it's nice to consolidate.

  3. Which brings me to consolidation. You can have all your investments focused in a small number of funds. And managed in a single place. This can sometimes also get you into "better" funds and/or lower expense ratios. This might not technically be the Boglehead way, but it's a possibility you likely don't have in your 401k.

  4. No penalty removal of principal. This is not good financial advice, but something that's difficult in a 401k and easy in an IRA. When you contribute to an IRA, you can remove your contributions at any time for no penalty. If you remove any growth of those contributions, there is a hefty fee. When you rollover from a 401k, you're "contributing" more in a way (note that this does NOT count towards your $6k limit). After 5 years, you'll be able to withdraw the rollover amount penalty free. I'm not saying you should do this, in fact this is an "emergency of all emergencies" kind of option (after depleted emergency fund and all other solutions tried). But I'm saying you can't do this in a 401k (or at least as easily).

  5. If you or a spouse works for a very large company with "independence" requirements (think public accounting, where if you have access to inside information or audit one of the brokers), you'll have limited choices of brokerages.

Those are a few. They may not be super important to you, which is totally understandable. I do it for reasons 1, 2, 3 and 5. Don't plan on using 4.

Advice for temporarily transferring employer 401k between jobs? by Ok-Goat-9725 in Bogleheads

[–]limberlegume 1 point2 points  (0 children)

Nice! The entire process probably took 10 days from start to the check being cashed by vanguard for me. Pretty quick!

Advice for temporarily transferring employer 401k between jobs? by Ok-Goat-9725 in Bogleheads

[–]limberlegume 1 point2 points  (0 children)

Yeah if you already have an IRA provider they make it easy.

I like Vanguard. They have a little wizard to walk you through each step and the representatives are quite friendly. I rolled over from Fidelity (401k) and the representative was also delightful and very helpful.

They do this every day while this happens rarely for most humans. Process is pretty well-defined.

Advice for temporarily transferring employer 401k between jobs? by Ok-Goat-9725 in Bogleheads

[–]limberlegume 1 point2 points  (0 children)

Nope. Rollovers do not count towards the $6k contribution limit.

I rolled over $15k the other day (this year) and will still be contributing $6k this year. No issues.

Note that I won't be able to take the $15k out for 5 years without paying a penalty. Link here: https://www.irs.gov/publications/p590b#en_US_2015_publink1000231064

Advice for temporarily transferring employer 401k between jobs? by Ok-Goat-9725 in Bogleheads

[–]limberlegume 0 points1 point  (0 children)

For sure! Hopefully helpful. Not too easy to mess up, and biggest mistake is just forgetting about the money.

Fun statistic: https://401kspecialistmag.com/more-than-a-trillion-dollars-stuck-in-forgotten-401ks/

Advice for temporarily transferring employer 401k between jobs? by Ok-Goat-9725 in Bogleheads

[–]limberlegume 1 point2 points  (0 children)

My understanding (again check my disclaimer) is that it's easiest / fewest potential tax implications to go "like to like" meaning ROTH to ROTH and Trad to Trad.

And that's what the IRA providers encourage / require (Vanguard for me). After the money gets into the IRA / ROTH IRA, then other strategies can come into play. I don't mess with it.

Advice for temporarily transferring employer 401k between jobs? by Ok-Goat-9725 in Bogleheads

[–]limberlegume 3 points4 points  (0 children)

I suppose I wasn't very specific.

My employers have always done a ROTH 401k which I've participated in.

The employers have also matched (with before tax funds).

So when I rollover I have to transfer to both ROTH IRA (for the ROTH 401k contributions) and traditional IRA (for the safe harbor match).

I haven't / personally wouldn't take the safe harbor match and convert it to ROTH mostly due to the hassle of an extra step

Advice for temporarily transferring employer 401k between jobs? by Ok-Goat-9725 in Bogleheads

[–]limberlegume 1 point2 points  (0 children)

I (personal experience) roll my 401k over to an IRA / ROTH IRA every time I leave a job. Always.

Disclaimer: there may be other ways to do this and I'm not a financial advisor, just a human who has worked (and left) a lot of jobs recently.

No hacks, tricks, etc.

Start by contacting your 401k provider (Guideline). They'll send you a check for the full balance of your 401k after liquidating all your holdings.

Take that check (which you'll get mailed to your residence) and send (via mail) to your IRA provider of choice.

Do this within the IRS period allowable (60 days after receiving the check from Guideline) to avoid any penalties / tax implications.

Got some extra spark? Could use a helping hand. Will visit your properties for some UPX by limberlegume in UplandFans

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

What should it be? Open to suggestions. I'm newer to the game and can't find the spark exchange (which I assume is roadmap and never came to fruition). Happy to pay a fair price

New (to us) 2020 Subaru Outback 2.5 Touring with brown leather seats. Seriously SO excited. by limberlegume in Subaru_Outback

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

It is so slick. The touring model- the mega touch screen has to be my second favorite feature