OK. Yep. I agree.

I'm simply saying.... I've seen some crap when it comes to marriage. I mean, some stuff that I wouldn't believe unless I saw it with my own eyes crap. When you see total and complete love turn into resentment and hatred, and using their children in order to hurt each other emotionally and financially... It makes a man pause. Always have an out.

But, like btm2 said, if you owe, you owe. Good luck.

I have a good chunk of money in an ETrade account. I started there cause a friend recommended it and they gave me 60 days of free trades to start. I now have some etfs and stocks in that account, but I don't want to continue to pay $10 per trade.

Going forward, my plan is to mostly buy Vanguard etfs and occasionally gamble on some speculative stocks.

What's my best play with regards to trading platforms here? Have the 2 accounts side by side, or just move everything to Vanguard and bite the $7/trade there for when I infrequently trade a stock, or use Vanguard for etfs and Robinhood for stocks or what?

Tax benefits help. I have some debt left and due to my income I can't write off the student loan interest anymore (so mad). I asked my accountant and he said refi my house and pay off the debt, my mortgage interest is tax deductible.

So... Just be aware to be careful when making this decision and what approach is best.

Occasional I would just put all your money on vanguard it's easier

Is it fee-free to buy Vanguard funds on Vanguard? I use Capital One to buy VTI but I don't even remember why I opened the account there.

Simple answer: Yes, completely free to buy/sell Vanguard mutual funds and ETF's at Vanguard.

Fine print: There are a few Vanguard funds that have purchase/redemption fees, so those would apply. It's super obvious on the site the few that have these.

What's a forgiveness plan? What is the interest rate?

What does your job offer in terms of 401(k) matching?

Are you already deducting mortgage interest and other itemized deductions? If so, then yes I agree. What was the rate on the student loans? 6.8%? What about fees to refinance? Would a HELOC be a better option? All things to consider.

FWIW, mortgage interest is maybe deductible. It's not a guarantee since there is the standard deduction that everybody gets. Married couple automatically gets $12,600 chopped off their income.

As a high earner you might exceed the $12,600 with mortgage + state income taxes deductions.

This is a pretty lol question but I've got about $2k worth of chase rewards points from my CC, I was saving them for a flight or a nice trip in the future but realized I could take the cash out and invest even though I'm losing a little value. Smart or should I just hold?

This depends on your personal choices. There is no way to gauge whether a person buying a baseball card or a trip to the Bahamas is worth more than an investment.

highly correlates to exposure to average market (beta), his inability to generate above market returns, and it's utility function giving more weight to relative comparison to others*

think how poor people ideal life is a bag of cash and leisure at the Bahamas at 30, and how much of the rich people work well into their 60-70

*residuals unexplained are stat. insignificant

Age: 25
Location: MA --> soon moving to FL area
Occupation: Semi Poker Pro ***once in FL obtain full time work w/ science based college degree
Checking account: 5k
Live bankroll: 45k
Monthly income at job: 0
Monthly income at poker: 2.5k/mo ** only can play 25hr/wk due to current location
Debt: ~18K student loans, ~7.5K car
Risk: Medium to High

I'm pretty new to the world of investing, but figured this was a good time to start. Looking at ETF's while also going after some speculative stocks and possibility looking at currency trading. Appreciate any advice/suggestions

Sit tight until you have a job and are situated, then come back and ask again.

(I'm American)

Any general advice for managing investments in both tax-deferred (specifically I have a SEP-IRA and a Solo 401(k)) and regular accounts?

Does it make sense to prioritize putting investments I may want to sell in the shorter term in the tax-deferred space so as to not realize gains/losses now?

I have experimented with using a robo advisor (Betterment). This is a regular (not tax-advantaged) account. The fee is 0.25%/year. The benefits are that 1) it doesn't really require any of my time, which is very important and valuable to me right now, and generally better spent doing other things and 2) it has automated tax-loss harvesting. I'm happy with the experience/rate, but does anyone more knowledgable want to make a case that this is a fish move? For what it's worth it's a relatively small % of my portfolio (10-20% range).

Lastly, one specific segment of my portfolio has gone parabolic which has caused significant drift relative to my intended allocation, even with the market going up so much since I started investing (2009ish). Selling would entail taking the tax hit now which would be long-term capital gains tax at this point. For someone that follows the political madness more than I do, should I expect this rate to go up, down, or stay roughly the same during Trump's presidency?



Thanks

Hey man,

I also have a mix of investments across various tax buckets...which in the long run, is an advantage for flexibility.

You should read about 'tax efficient placement' if you aren't up to speed on that at all. A decent starting place is the bogleheads wiki: https://www.bogleheads.org/wiki/Tax-...fund_placement

A couple things that I consider that might get you thinking...
1. Put obviously tax-unfriendly investments into either deferred or roth buckets. So I would make sure and put my REIT holdings into a deferred or roth account. I don't currently have any bond holdings, but those would obviously go there as well.

2. I consider what I think the overall return rate might be vs. my allocation plans. So for example, I've got a very high allocation to emerging markets. I have stuck a decent portion of this into a tax-friendly bucket, so that if it takes off like I expect I can reduce my allocation without a taxable event. I also consider this with regard to even my tax friendly buckets...I have the most aggressive investments in my HSA, because I expect to NEVER pay taxes on that money...I'll just spend it on medical expenses in retirement.


I'm a fan of things like betterment / wealthfront. I personally don't use them, because they can't handle complicated allocations across the complicated mess of account types that I've got. When I looked at them / talked with them, they also couldn't handle me not wanting them to sell a ton of things I have in a taxable account. No way was I going to take a big tax hit and if I didn't, then the automatic rebalancing they do wouldn't work.

I'm also willing to do it myself, so I'd rather keep the management fee. I don't find the tax loss harvesting piece to be all that difficult, since in reality, most of your holdings over time are in the green, so you are only dealing with TLH on recent purchases. Bottom line tho...using them is not a fish move at all if it works for your situation and you're good with their fees, which are certainly wayyyy lower than the typical advisor.


Finally, with regard to taxes. Personally, I'm assuming that income tax rates will probably drop to some degree, AMT might change, and the obamacare investment tax could go away completely. I doubt that capital gains will go below 15%...he might eliminate the 20% rate for the highest earners.


Would be glad to chat with you any time. We may have traded contact info in the past, but if not, you can PM me for it.

I have a Betterment account and love it. I'd be very surprised if the automated tax loss harvesting doesn't beat the fee. I tax loss harvest 'decently' on my own but there's no way I do it with the frequency that they do.

Both my and my wife's 401k no longer offer REIT funds.

I have a smaller REIT allocation that I'd like because I can only hold it in a taxable fund and my understanding is that REITs are tax-inefficient.

I can't do an IRA.

Thoughts?

Can't do IRA = income?

Backdoor roth a possibility?

IRA - yes

I haven't looked into backdoor Roths thoroughly. I have a decent amount of my 401k Roth-style and I wasn't looking for more because I expect to probably be in a lower tax bracket later.

Backdoor roth >>>> taxable account. And it's a perfect place to stick REIT's.

Just make sure you read up on it...if you have other traditional assets, it may make no sense for you to do it.

First "real job" and first 401k. I plan on making the maximum contirbution (18k). Here are my options (it's through Wells Fargo). I want the highest amount of risk [within reason - i dont want to put it all in one stock/company. i basically want an index fund that mirrors the market or something similar]

Some background: My Roth IRA is all in Vanguard 2055 stock and I plan to keep putting it in that stock (though I may switch to traditional starting next year). I have the option for either traditional or roth 401k and I can divide it evenly. I am leaning towards all traditional unless someone had a better recommendation.

Expected household gross salary 2017: 140k
Expected 401k contribution: 36k
Expected HSA contribution: $6.8k
Roth IRA Contribution: $11k

In 2018 expected HH gross salary will be closer to 160k+ (wife unemployed first 2 months of this year, and me 1st month of this year)

Here are my options:



I am leaning towards the fund that seems to mirror the S&P 500 [S&P 500 INDEX CIT N], as it has the lowest cost for investment. Anyone see any reason not to do that? And to reiterate, I am planning to do it all salary-deferred (unless someone has good points as to why Roth might be better). I figure once I retire my HH income won't be as high as it is now (I can't imagine I will be withdrawing 150k+/yr from my retirement accounts... but who knows... i at least have SOME Roth funds tied up because of my IRA (and spouses))

Sorry for double post but I just had another thought - should I split and do some in international stocks, like VTIAX? I looked at its performance over the last 10 years and it basically has done nothing though.

Are you planning on making this investment ten years ago?

Why not just do the Index 2055?

That is what I'd be in if I were him.