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MJP
Jun 17, 2007

Are you looking at me Senpai?

Grimey Drawer

Strong Sauce posted:

writings been on the wall for hashicorp. hashicorp has been slowly eroding away things already like changing licenses that have annoyed developers. not sure when you bought it but now that ibm is taking it over i would sell it off as i can. ibm coming in means a worse product at more cost. and a ton of their code is opensourced and people have gone to fork their own versions, including the linux foundation w/ "opentofu"

its quite possible there will be a short term spike as ibm raises prices and people decide they can't immediately switch off their products and eat the cost but i wouldn't bet on it as a long term viable company.

(do i have to say this isn't financial advice?)

I saw a few articles about how apparently OpenTofu is either outright stealing Terraform's stuff or just using it in a not-fully-license-compliant manner. Given that OpenTofu actually put in the #1 feature that people have asked for - "please, please, for the love of God, let us just run Terraform against specific things that we want to run it against" - I do hope they end up succeeding, but for their sake I hope they don't steal from IBM. IBM probably has as many lawyers in one wing of one office than HCP has employees.

It's kinda sad. Hashicorp gave my cat a Terraform certification because I found an Easter egg in their cert program rules that allowed pets to get certified. IBM would probably send whoever wrote that Easter egg to a firing squad.

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Josh Lyman
May 24, 2009


drk posted:

For those still thinking about buying I Bonds at the current rate, now is the time. The fixed rate will likely remain similar, but the variable inflation rate is going down.

TIPS are also currently looking very attractive with all 2025+ maturities having a real yield over 2%.
Is there a reason to go with I Bonds over SGOV or USFR?

KYOON GRIFFEY JR
Apr 12, 2010



Runner-up, TRP Sack Race 2021/22

Josh Lyman posted:

Is there a reason to go with I Bonds over SGOV or USFR?

yeah they do totally different things.

SGOV holds (almost entirely) short term US treasury securities with fixed rates.
USFR holds (almost entirely) short term US Treasury Floating Rate Notes
Series I Bonds are US treasury securities with variable rates designed to protect principle against inflation

Antillie
Mar 14, 2015

Josh Lyman posted:

Is there a reason to go with I Bonds over SGOV or USFR?

As a general rule inflation protected bonds like IBonds and TIPS are the better choice if inflation turns out to be above what the market is expecting going forward. While nominal bonds (things like BND, SPBO, GOVT, ect...) are generally the better choice if inflation turns out to be below what the market is expecting. Obviously its impossible to know which will be the case before hand. So the usual "the future is unknowable so just diversify" argument applies here. Its worth noting that if you are going to hold TIPS (or a TIPS fund/ETF) you *really* want to hold them in some kind of tax deferred account (IRA, 401k, 403b, ect...) due to the unique way they are taxed. Personally I would *never* hold TIPS in a taxable brokerage account. IBonds don't have this specific issue but unlike TIPS they have a yearly purchase limit and some other unique fiddly restrictions.

Equities tend to be a much better hedge against inflation than bonds over longer periods of time but they do this at the cost of much higher volatility.

I see SGOV and USFR as being roughly equivalent to a high yield savings account. I wouldn't expect them to keep pace with inflation over the long term.

Antillie fucked around with this message at 20:48 on Apr 25, 2024

KYOON GRIFFEY JR
Apr 12, 2010



Runner-up, TRP Sack Race 2021/22
I'll be slightly less annoying and maybe describe the differences more accurately here:

I Bonds have a fixed rate and a variable rate. The variable rate is set and adjusted by the Treasury to reflect inflation on a semi-annual basis. The bond yields the sum of the fixed and variable rate; interest accrues monthly and is compounded to the principle when the rate changes. They are a good deal for a store of value, and as a result have some restrictions: You can only buy $10K of them*, you must hold them directly, and you must hold them for at minimum 12 months. There is a penalty of 3 months interest if not held for more than 60 months. There is no secondary market; you redeem your I Bonds directly to the Treasury.

SGOV holds treasury bills. The interest rates of treasury bills are determined at auction. The fund pays out dividends roughly equal to the trailing 13 week T-Bill yield on a monthly basis. T-Bills are zero coupon bonds so they are sold at a discount to face.

USFR holds treasury floating rate notes. The interest rates of FRNS are determined by the most recent 13 week T-Bill yield plus a spread, which can be negative or positive but is constant over the duration of the FRN. USFR pays out a monthly dividend based on the yield of its FRN holdings.

Practically speaking there is not much difference between SGOV and USFR over a moderate time horizon since the underlying mechanism is the current 13 week T-Bill, but most current FRN issuances have a positive spread so they will yield slightly more than the 13 week T-Bill.

The risk profile of all of these investments is functionally identical in that they are all based on treasury securities of different types.

Residency Evil
Jul 28, 2003

4/5 godo... Schumi

jfff posted:

I may not fully understand what you're asking, but IIRC you can only contribute to a solo 401k as an employER based on your profit from self-employment.

If you're making 30k in profit from self-employment you'd be able to make an employER contribution of ~6k to your solo 401k
https://obliviousinvestor.com/solo-401k-contribution-calculator

Deduction Worksheet for Self-Employed
https://www.irs.gov/publications/p560#en_US_2022_publink10009065

Yup, agreed. So my question is regarding the total 69k limit. Say i contribute 6k as the employER contribution. Theoretically, that leaves me with 69-23-6k=40k of space still.

Can I use that additional 40 k of space to make post tax contributions to my 401k up to the 40k limit? And then convert that to Roth? Even though that 40k is coming from my W2 job?

piratepilates
Mar 28, 2004

So I will learn to live with it. Because I can live with it. I can live with it.



I just realized I have about 5.84% of my taxable portfolio in SGOV, and it's money I don't need in the short term (like, more than a decade) at all. Would it be better for me to sell it and buy different ETFs with it?

KYOON GRIFFEY JR
Apr 12, 2010



Runner-up, TRP Sack Race 2021/22
ETF just means exchange traded fund - it doesn't imply anything about the actual underlying securities and their risk profiles. So it's very hard to tell you if you should buy "a different ETF" - it depends on what that ETF actually is, and how well it aligns with your money goals. SGOV sounds like it doesn't align with your goals for this money so I think it's a good idea for you to sell and invest in something else - but to determine the "something else" you need to figure out what your goals actually are and when you will need the money.

You could buy an ETF that only invested in companies that start with the letter A. You could buy an ETF that invested in nothing but junk grade corporate paper. You could buy an ETF run by Cathie Wood. You could buy an ETF that tracks the performance of the Nikkei 225. All of these would meet different goals (comedy, income stream at high risk, bagholding, you really like Japan).

piratepilates
Mar 28, 2004

So I will learn to live with it. Because I can live with it. I can live with it.



KYOON GRIFFEY JR posted:

ETF just means exchange traded fund - it doesn't imply anything about the actual underlying securities and their risk profiles. So it's very hard to tell you if you should buy "a different ETF" - it depends on what that ETF actually is, and how well it aligns with your money goals. SGOV sounds like it doesn't align with your goals for this money so I think it's a good idea for you to sell and invest in something else - but to determine the "something else" you need to figure out what your goals actually are and when you will need the money.

You could buy an ETF that only invested in companies that start with the letter A. You could buy an ETF that invested in nothing but junk grade corporate paper. You could buy an ETF run by Cathie Wood. You could buy an ETF that tracks the performance of the Nikkei 225. All of these would meet different goals (comedy, income stream at high risk, bagholding, you really like Japan).

All in on DJT, got it :thumbsup:

Meant more of sell SGOV and put it in to a general IVV/ITOT/IEMG/QQQ/SCHD kind of deal, general wider market ETFs with the goal of growing over decades.

Josh Lyman
May 24, 2009


Antillie posted:

As a general rule inflation protected bonds like IBonds and TIPS are the better choice if inflation turns out to be above what the market is expecting going forward. While nominal bonds (things like BND, SPBO, GOVT, ect...) are generally the better choice if inflation turns out to be below what the market is expecting. Obviously its impossible to know which will be the case before hand. So the usual "the future is unknowable so just diversify" argument applies here. Its worth noting that if you are going to hold TIPS (or a TIPS fund/ETF) you *really* want to hold them in some kind of tax deferred account (IRA, 401k, 403b, ect...) due to the unique way they are taxed. Personally I would *never* hold TIPS in a taxable brokerage account. IBonds don't have this specific issue but unlike TIPS they have a yearly purchase limit and some other unique fiddly restrictions.

Equities tend to be a much better hedge against inflation than bonds over longer periods of time but they do this at the cost of much higher volatility.

I see SGOV and USFR as being roughly equivalent to a high yield savings account. I wouldn't expect them to keep pace with inflation over the long term.
Why do you recommend holding SGOV/USFR in a tax deferred account? Because of the monthly dividend?

As a way to stash money that you don’t want to put into a VTI/VOO type vehicle, they feel about the same to me, with the benefit of SGOV/USFR being liquidity in case you do decide to move the funds to VTI/VOO. But the returns on I Bonds, SGOV, and USFR seem pretty similar.

I haven’t really thought about the tax implications but from what I can tell, the interest on all 3 are subject to federal taxes as ordinary income and exempt from state taxes.

Antillie
Mar 14, 2015

Josh Lyman posted:

Why do you recommend holding SGOV/USFR in a tax deferred account? Because of the monthly dividend?

As a way to stash money that you don’t want to put into a VTI/VOO type vehicle, they feel about the same to me, with the benefit of SGOV/USFR being liquidity in case you do decide to move the funds to VTI/VOO. But the returns on I Bonds, SGOV, and USFR seem pretty similar.

I haven’t really thought about the tax implications but from what I can tell, the interest on all 3 are subject to federal taxes as ordinary income and exempt from state taxes.

I would hold TIPS in a tax deferred account. SGOV and USFR are not TIPS funds so I don't see any problem with holding them in a taxable account. In fact I keep my emergency fund in SGOV. Yes the interest on SGOV/USFR/IBonds would be taxed in the same way at the federal level as far as I know.

TIPS have their principal value adjusted for inflation instead of their interest rate. When this happens the increase in value (assuming the value went up due to inflation) is counted as taxable income immediately, even if you don't sell the bond. In a taxable account this can create some major tax liability for gains you haven't actually realized yet. In a deflationary situation (very rare but not unheard of) the principal value would go down. I'm not sure what the tax implications of that would be.

IBonds aren't taxed like TIPs are because they vary their interest rate based on inflation instead of the principal value. But as Kyoon described, they have their own special restrictions and rules.

Note: I am not a tax pro. I could be wrong. State taxes may complicate the matter significantly. Please consult a CPA for actual tax answers.

Antillie fucked around with this message at 22:39 on Apr 25, 2024

jfff
Oct 27, 2003
indeed

Residency Evil posted:

Yup, agreed. So my question is regarding the total 69k limit. Say i contribute 6k as the employER contribution. Theoretically, that leaves me with 69-23-6k=40k of space still.

Can I use that additional 40 k of space to make post tax contributions to my 401k up to the 40k limit? And then convert that to Roth? Even though that 40k is coming from my W2 job?
Short answer, no.

The 23k of employee contributions to your W2 work-related 401k don't count against the employER contributions to your solo 401k. You'd have 69-6=63k of theoretical space leftover in your solo 401k if your self-employment earnings are 30k.

Assuming you mean, '... additional 40 k of space ... my solo 401k'
No, solo 401k contributions are calculated based on the net earnings of the business. You can't use that additional space unless your self-employed business has the earnings/profit that allow for it. You'd need to have ~$360k in profit from self-employment to take advantage of the full 69k of space the solo 401k offers.

Leperflesh
May 17, 2007

You can get your regular employment money into your self-employed bucket by becoming a contractor and doing your work as a contract for your employer instead of on a W-2 basis.

Residency Evil
Jul 28, 2003

4/5 godo... Schumi

jfff posted:

Short answer, no.

The 23k of employee contributions to your W2 work-related 401k don't count against the employER contributions to your solo 401k. You'd have 69-6=63k of theoretical space leftover in your solo 401k if your self-employment earnings are 30k.

Assuming you mean, '... additional 40 k of space ... my solo 401k'
No, solo 401k contributions are calculated based on the net earnings of the business. You can't use that additional space unless your self-employed business has the earnings/profit that allow for it. You'd need to have ~$360k in profit from self-employment to take advantage of the full 69k of space the solo 401k offers.

Gotcha. I was mistaken and thought the 69k limit would have gone down due to the 23k employEE limit.

It sounds like I'm limited to my primary 401k/mega backdoor roth. I guess that makes sense since my total i401k contributions would show up on a schedule C and be greater than 20% of my consulting income.

Leperflesh posted:

You can get your regular employment money into your self-employed bucket by becoming a contractor and doing your work as a contract for your employer instead of on a W-2 basis.

I wish, although this would eliminate my employer's mega backdoor roth.

pseudanonymous
Aug 30, 2008

When you make the second entry and the debits and credits balance, and you blow them to hell.

Leperflesh posted:

You can get your regular employment money into your self-employed bucket by becoming a contractor and doing your work as a contract for your employer instead of on a W-2 basis.

Do not do this. I’m assuming it’s facetious but…

The tax implications alone almost certainly outweigh any additional 401k contributions you can make.

Leperflesh
May 17, 2007

Going independent contractor is a significant change, yes. You typically charge your employer a lot more on a per-hour basis, because you are taking over the burden of the employer payroll tax (and health insurance and workers comp etc. etc.). However, if your employer's 401k match was a measly 6% and you would prefer to shove forty grand in instead, and if you are a high earner making 300k and can actually earn enough to do that, then it's such a great idea that tons of highly compensated fields have become dominated by contractors.

Including, for example, financial advisors.

The tax implications only outweigh the mega backdoor roth option if you don't increase your hourly rate to compensate. But of course, that would be very silly. Nobody does that. Especially not taxi drivers and pizza delivery and personal shoppers. Why, what a weird world it would be, if people went indie and then still only got paid like minimum wage.

Boris Galerkin
Dec 17, 2011

I don't understand why I can't harass people online. Seriously, somebody please explain why I shouldn't be allowed to stalk others on social media!
You'd also have to find a new job as a "consultant" right? I thought you can't just tell your current employer that you want to be an independent contractor and take a 200% hourly wage bump.

E: and then you'd have to actually work all 8 hours that you bill them for instead of just being on salary and working for "8 hours" which is actually like 5-6.

Boris Galerkin fucked around with this message at 22:49 on Apr 26, 2024

CubicalSucrose
Jan 1, 2013

Phantom my Opera and call me South Park: Bigger, Longer, & Uncut
Doctors seem to have a bunch more of that flexibility than most other professions, so I imagine RE is in a more plausible scenario vs most here.

Leperflesh
May 17, 2007

Boris Galerkin posted:

You'd also have to find a new job as a "consultant" right? I thought you can't just tell your current employer that you want to be an independent contractor and take a 200% hourly wage bump.


oh absolutely

some employers are into it because it gives them simpler paperwork and shifts an expense from the employee column to... well, some other column, consulting or whatever, and also reduces their long-term liability and gives more flexibility (ending a contract is cheaper than terminating employees if those employees customarily get severance, have their accrued vacation paid out, etc.)

in some professions, it's very common for there to be contractors as well as employees. That includes my own, but technical writers don't get paid enough to afford to shove $50k into savings annually lol

quote:

E: and then you'd have to actually work all 8 hours that you bill them for instead of just being on salary and working for "8 hours" which is actually like 5-6.
oh goodness no, you sweet summer child

do you think a lawyer whose minimum fee is 1 hour of work always does 1 hour for each client

Valicious
Aug 16, 2010
I’m setting my already-retired mom up with an IRA so she can move her savings from a checking account, and I was looking at a Roth. (She’s on disability now, will start taking social security in a few years.) Fidelity and Vanguard are essentially the same for this right? She’s very hands-off.
Is there a better global fund than VT that I should be looking at for her ~$40k? She has $30k in I Bonds already, most past the one-year mark.

drk
Jan 16, 2005

Antillie posted:

I would hold TIPS in a tax deferred account.

TIPS have their principal value adjusted for inflation instead of their interest rate. When this happens the increase in value (assuming the value went up due to inflation) is counted as taxable income immediately, even if you don't sell the bond. In a taxable account this can create some major tax liability for gains you haven't actually realized yet. In a deflationary situation (very rare but not unheard of) the principal value would go down. I'm not sure what the tax implications of that would be.

The taxes on TIPS are a little weird, but I hold them in a taxable account and its not a problem. They have two types of income, the inflation adjustment (reported as 1099 OID), and a coupon payment. Depending on what the coupon payment is and what the inflation adjustments are, the former can often easily cover taxes on the latter.

CubicalSucrose
Jan 1, 2013

Phantom my Opera and call me South Park: Bigger, Longer, & Uncut

Valicious posted:

I’m setting my already-retired mom up with an IRA so she can move her savings from a checking account, and I was looking at a Roth. (She’s on disability now, will start taking social security in a few years.) Fidelity and Vanguard are essentially the same for this right? She’s very hands-off.
Is there a better global fund than VT that I should be looking at for her ~$40k? She has $30k in I Bonds already, most past the one-year mark.

Why VT over VTI?

Fidelity is marginally easier to use, which could be a pro or a con.

Fidelity has better phone support.

Valicious
Aug 16, 2010

CubicalSucrose posted:

Why VT over VTI?

Fidelity is marginally easier to use, which could be a pro or a con.

Fidelity has better phone support.

I figured VT diversifying globally was better than putting all her eggs in the US economy basket. Am I wrong?

drk
Jan 16, 2005
VT is a perfectly fine choice if you want to hold US and International at market weight (currently about 60% US).

When is she planning on using this money? Are there other assets aside from the I Bonds?

Vanguard's life strategy funds might also be worth considering, since they contain a mix of bonds and stocks.

Leperflesh
May 17, 2007

Valicious posted:

I’m setting my already-retired mom up with an IRA so she can move her savings from a checking account, and I was looking at a Roth. (She’s on disability now, will start taking social security in a few years.) Fidelity and Vanguard are essentially the same for this right? She’s very hands-off.
Is there a better global fund than VT that I should be looking at for her ~$40k? She has $30k in I Bonds already, most past the one-year mark.

doesn't an IRA require earned income? Disability payments don't count. If she's retired and not working, I don't see how you can take advantage of an IRA.

Residency Evil
Jul 28, 2003

4/5 godo... Schumi

CubicalSucrose posted:

Doctors seem to have a bunch more of that flexibility than most other professions, so I imagine RE is in a more plausible scenario vs most here.

Unfortunately this is less and less true. As healthcare consolidation has decreased competition and driven up costs, most doctors are employed these days. Very few are in true private practice/business owners.

Thanks, uh, Obama.

:negative:

Valicious
Aug 16, 2010

drk posted:

VT is a perfectly fine choice if you want to hold US and International at market weight (currently about 60% US).

When is she planning on using this money? Are there other assets aside from the I Bonds?

Vanguard's life strategy funds might also be worth considering, since they contain a mix of bonds and stocks.

She has about $130k tied up in annuities based on some less-than-stellar advice she got years ago. She lives pretty frugally, but her savings aren’t going to last forever.

drk
Jan 16, 2005
If shes going to use any of the money in the next five years or so, it might be worth considering adding some short term treasuries (such as via VGSH) to the VT.

Asset allocation is inherently personal, but it is important to decide on and write down.

CubicalSucrose
Jan 1, 2013

Phantom my Opera and call me South Park: Bigger, Longer, & Uncut

drk posted:

If shes going to use any of the money in the next five years or so, it might be worth considering adding some short term treasuries (such as via VGSH) to the VT.

Asset allocation is inherently personal, but it is important to decide on and write down.

Annuities and social security/disability already seem like a pretty substantial fixed income allocation, so I'd be hesitant to think about going even more. But yeah, agree with "figure out what the right asset allocation should be, write it down, and stick to that plan."

Leperflesh
May 17, 2007

I feel like it got missed so I'm gonna repeat:
You cannot make contributions to an IRA if you have no earned income. I don't think this plan is going to work. You'll need to put that money into a brokerage account to invest it, and you should pay attention to the tax questions.

Valicious posted:

I’m setting my already-retired mom up with an IRA so she can move her savings from a checking account, and I was looking at a Roth. (She’s on disability now, will start taking social security in a few years.) Fidelity and Vanguard are essentially the same for this right? She’s very hands-off.

Valicious
Aug 16, 2010

Leperflesh posted:

I feel like it got missed so I'm gonna repeat:
You cannot make contributions to an IRA if you have no earned income. I don't think this plan is going to work. You'll need to put that money into a brokerage account to invest it, and you should pay attention to the tax questions.

Thanks a ton for this. I was wondering about it. Are social security payments considered earned income? She’ll be getting those soon, as well as payments from the annuity. Are contributions to an IRA limited to one’s amount of earned income?

Tyro
Nov 10, 2009

Valicious posted:

Thanks a ton for this. I was wondering about it. Are social security payments considered earned income? She’ll be getting those soon, as well as payments from the annuity. Are contributions to an IRA limited to one’s amount of earned income?

In order: no, and yes.

Leperflesh
May 17, 2007

https://www.irs.gov/taxtopics/tc451
trads, and general rules:

quote:

Contributions
To contribute to a traditional IRA, you, and/or your spouse if you file a joint return, must have taxable compensation, such as wages, salaries, commissions, tips, bonuses, or net income from self-employment. For tax years beginning after 2019, there is no age limit to contribute to a traditional IRA. Compensation for purposes of contributing to an IRA doesn't include earnings and profits from property, such as rental income, interest and dividend income, or any amount received as pension or annuity income, or as deferred compensation. In certain cases, other amounts may be treated as compensation for purposes of contributing to an IRA, including certain alimony and separate maintenance payments received, certain amounts received to aid in the pursuit of graduate and postdoctoral studies, and certain difficulty of care payments received.
plus roths:
https://www.irs.gov/taxtopics/tc309

quote:

You can contribute to a Roth IRA if you have taxable compensation and your modified adjusted gross income is within certain limitations.

The full-length pub with all the rules spelled out is here:
https://www.irs.gov/publications/p590a#en_US_2023_publink1000230355

Relevantly, "What is compensation"



and https://www.irs.gov/government-entities/indian-tribal-governments/itg-faq-2-answer-what-income-is-considered-earned-income is an IRS FAQ answer about the earned income tax credit, but it mentions SS:

quote:

Examples of earned income are: wages; salaries; tips; and other taxable employee compensation. Earned income also includes net earnings from self-employment. Earned income does not include amounts such as pensions and annuities, welfare benefits, unemployment compensation, worker's compensation benefits, or social security benefits.

Leperflesh fucked around with this message at 04:40 on Apr 28, 2024

pmchem
Jan 22, 2010


I'm reviewing the OP of this thread. Does anyone have freely accessible content to add that they'd recommend for people just trying to do all this for the first time?

e.g. websites or PDFs or videos that would be useful to people in their 20s getting their first real job, or people that may be middle aged but are trying to "do things right" for the first time: fix their finances, or get ready for a car/home loan, or learn about saving/investing?

Serious_Cyclone
Oct 25, 2017

I appreciate your patience, this is a tricky maneuver

pmchem posted:

I'm reviewing the OP of this thread. Does anyone have freely accessible content to add that they'd recommend for people just trying to do all this for the first time?

e.g. websites or PDFs or videos that would be useful to people in their 20s getting their first real job, or people that may be middle aged but are trying to "do things right" for the first time: fix their finances, or get ready for a car/home loan, or learn about saving/investing?

They’re a little cringe but The Money Guy has some useful guides that frame the complexities of the space in a simple way. They are very online via YouTube and their website has free resources. Their Financial Order of Operations is a useful cheat sheet for prioritizing savings vs debt obligations vs investing.

drainpipe
May 17, 2004

AAHHHHHHH!!!!
Maybe something about Roth ladders. I personally have posted about it a few times because people didn’t know about them and were thinking of not contributing to their retirement accounts because of that.

Edit: https://www.madfientist.com/how-to-access-retirement-funds-early/ was the article that popularized them, but there may be better places to learn about them now

drainpipe fucked around with this message at 16:25 on Apr 28, 2024

CubicalSucrose
Jan 1, 2013

Phantom my Opera and call me South Park: Bigger, Longer, & Uncut

pmchem posted:

I'm reviewing the OP of this thread. Does anyone have freely accessible content to add that they'd recommend for people just trying to do all this for the first time?

e.g. websites or PDFs or videos that would be useful to people in their 20s getting their first real job, or people that may be middle aged but are trying to "do things right" for the first time: fix their finances, or get ready for a car/home loan, or learn about saving/investing?

This guide seems pretty comprehensive. It has a good glossary and a lot of commentary on a wide variety of common questions.

https://www.choosefi.com/investing-101-how-to-start-investing-the-fi-way/

MegaZeroX
Dec 11, 2013

"I'm Jack Frost, ho! Nice to meet ya, hee ho!"



pmchem posted:

I'm reviewing the OP of this thread. Does anyone have freely accessible content to add that they'd recommend for people just trying to do all this for the first time?

e.g. websites or PDFs or videos that would be useful to people in their 20s getting their first real job, or people that may be middle aged but are trying to "do things right" for the first time: fix their finances, or get ready for a car/home loan, or learn about saving/investing?

For those that want to dive into withdrawal rates ERN's safe withdrawal series is great, but honestly his "start here" advice honestly isn't that great, just jump into part 1 of his series and go onward would be my recommendation.

There is also this simulation for withdrawal rates, but my personal recommendation for it is to set the model to "historical returns" and the bootstrap model to "block of years" and making that block equal to the entire number of years simulating, just because the other simulations it does are pessimistic beyond historical results on the low end, and optimistic above historical results on the high end. I also recommend you include the 1% case as an interval, but I'm known as an overly conservative crank here I think.

drk
Jan 16, 2005

pmchem posted:

I'm reviewing the OP of this thread. Does anyone have freely accessible content to add that they'd recommend for people just trying to do all this for the first time?

e.g. websites or PDFs or videos that would be useful to people in their 20s getting their first real job, or people that may be middle aged but are trying to "do things right" for the first time: fix their finances, or get ready for a car/home loan, or learn about saving/investing?

The I-bond manifesto is a good intro to I-bonds from the always good tipswatch: https://tipswatch.com/i-bond-manifesto/

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Jon Irenicus
Apr 23, 2008


YO ASSHOLE

I have a 403b I've been contributing to for a while now and I'm not a fan of the high fees attached and performance so far. How complicated would it be to swap into another provider my school districts approves of and transfer the current money and manage it myself? It would be from Equitable to something like Vanguard.

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