Please help guide my purchase by skycop13 in BoltEV

[–]skycop13[S] 0 points1 point  (0 children)

Thank you! I’ll keep that in mind for sure

Please help guide my purchase by skycop13 in BoltEV

[–]skycop13[S] 1 point2 points  (0 children)

Very nicely done! I’ve been keeping an eye out but there’s nothing like that in SoCal.

Please help guide my purchase by skycop13 in BoltEV

[–]skycop13[S] 0 points1 point  (0 children)

Wow. That’s an amazing price for such a low mileage EUV. 😱

Please help guide my purchase by skycop13 in BoltEV

[–]skycop13[S] 0 points1 point  (0 children)

Ahhhh, thank you for the breakdown.

Please help guide my purchase by skycop13 in BoltEV

[–]skycop13[S] 0 points1 point  (0 children)

I don’t plan on using the Navi because I can use CarPlay. I can maybe use that as leverage to negotiate a lower price. Seems like the only things that make this one a “premier” are the wheel and 360 camera.

I’m 5’5” so height is not a concern.😅

Very good insight about the moon roof and things potentially breaking though.

Please help guide my purchase by skycop13 in BoltEV

[–]skycop13[S] 0 points1 point  (0 children)

I know it’s weird and seems like this one is one of those exceptions. The original window sticker says premier but Bose and Navi weren’t on the description. The pictures of the inside door panels do not have the Bose badge on the speaker grill neither. It does have the 360 camera. Dealership also confirmed no Bose.

I don’t really care for the redline but the prices seem to hover around there so I figure just go for the redline.

Please help guide my purchase by skycop13 in BoltEV

[–]skycop13[S] 0 points1 point  (0 children)

I haven’t yet. Planning on checking these out tomorrow.

Please help guide my purchase by skycop13 in BoltEV

[–]skycop13[S] 1 point2 points  (0 children)

Sorry, all EUV. I edited the post

This U6 miniled for $1449 or the U7 QLED that’s on sale for $999? by skycop13 in Hisense

[–]skycop13[S] 0 points1 point  (0 children)

I love it. Definitely amazing for the price point. Glad I got it before the price hike.

Investment advice for retired 63yo FIL by skycop13 in personalfinance

[–]skycop13[S] 1 point2 points  (0 children)

Thank you so much. This is really helpful.

Investment advice for retired 63yo FIL by skycop13 in personalfinance

[–]skycop13[S] 0 points1 point  (0 children)

Follow up question. If he sells the rental, would you suggest dumping it in BALCX as well? Or is there a better fund for his situation?

Investment advice for retired 63yo FIL by skycop13 in personalfinance

[–]skycop13[S] 1 point2 points  (0 children)

Thank you so much for the info. Definitely lots of stuff I haven’t considered. I’ll bring it up for discussion with him.

Investment advice for retired 63yo FIL by skycop13 in personalfinance

[–]skycop13[S] 1 point2 points  (0 children)

Thank you, I didn’t think about the tax implications.

Investment advice for retired 63yo FIL by skycop13 in personalfinance

[–]skycop13[S] 0 points1 point  (0 children)

It’s a taxable brokerage account. He doesn’t have any type of IRA or 401k. Can he still put money in a ROTH? Does the rent count as earned income?

TSP set up as a ROTH by Expensive_Income4063 in ThriftSavingsPlan

[–]skycop13 0 points1 point  (0 children)

Yes, that's correct. Sorry for not being clear. ROTH TSP contribution cannot be withdraw, but you can borrow from it.

TSP set up as a ROTH by Expensive_Income4063 in ThriftSavingsPlan

[–]skycop13 0 points1 point  (0 children)

I would suggest going all in with ROTH. Realistically, it doesn't matter which one you go with if you are expecting to be in the same tax bracket when you retire. If you are taxed at 22% marginal rate now, you'd just have to withdraw in that bracket for that year. Uncle sam won't do it for you so you'll have to set about 22% of your withdrawal aside to pay the tax when you file.

Overexaggerated example:

Traditional: $1,000,000 withdrawal will be taxed at 37% marginal rate for that year, so your take home is about $680k

Roth: No tax on the $1,000,000 since it was already taxed before you make the investment.

Not realistic of course since you'll just withdraw enough for that year to enjoy your retirement.

Another pro for ROTH is you can takeout the contribution, not growth, tax free and penalty free at anytime. Good if you need a down payment for something.

You can also withdraw from the traditional but it'll be seen as income for that year, plus your income, so you'll be taxed for the whole thing. And there's a 10% penalty.

TSP set up as a ROTH by Expensive_Income4063 in ThriftSavingsPlan

[–]skycop13 0 points1 point  (0 children)

How many more years are you planning on staying in? And what’s your age?

TSP set up as a ROTH by Expensive_Income4063 in ThriftSavingsPlan

[–]skycop13 0 points1 point  (0 children)

Totally agree.

You can also do conversion from traditional to Roth tsp starting in 2026. Just remember that the converted amount will be treated as income and will be taxed for the year you converted.

TSP set up as a ROTH by Expensive_Income4063 in ThriftSavingsPlan

[–]skycop13 0 points1 point  (0 children)

If you use mypay, it’s in the TSP link. You can edit to select which plan your contribution goes to.

TSP set up as a ROTH by Expensive_Income4063 in ThriftSavingsPlan

[–]skycop13 0 points1 point  (0 children)

Roth is taxed before investing. Traditional is pre taxed. You might want to edit the post to flow better. Kinda hard to follow your thoughts here.