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About ScottO

  • Birthday 09/06/1982

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    Santa Clara, CA

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  1. Recent Article: Opinion: Trying to find the most tax-friendly place to retire? https://www.msn.com/en-us/money/retirement/opinion-trying-to-find-the-most-tax-friendly-place-to-retire/ar-BB1aw38S?ocid=msedgdhp Where's the best place for me to retire? https://www.marketwatch.com/graphics/best-place-to-retire/?mod=retirement
  2. Blemishes don't paint a whole picture either 😉 I used to have better links for comparing the tax burden between states... https://www.businessinsider.com/all-50-states-and-dc-ranked-from-least-to-most-taxed-2019-3 ^ creating something similar to that where you could punch in your income sources and see what you would pay would be cool. My property taxes are $3,500/yr alone... "Live in Washington, shop in Oregon" was a phrase I used to hear a lot in California from upcoming retirees. I know a few people who decided to move to Nevada for stretching their pension. Many folks I ran into during a Hawaii trip were former Californians.
  3. I'm trying to be less opinion-based by providing evidence from organizations. Misinformed speculation doesn't serve anyone. Being unaware of the actual bottom line impact(personal) and broader impact(society) of taxation also should be addressed. What's currently established is subject to change, so that does complicate long term planning. (lower taxes = smaller government = poorer pandemic response = the world we live in) How's that working out for you? How's that working out for everyone? For an individual, knowing how each of your retirement "buckets" are going to be treated by the IRS is important. https://www.forbes.com/sites/steveparrish/2019/09/10/the-secret-to-retirement-income-drawdowns/ In California, with CalPERS we have the option to meet with a rep to take a look at what our retirement income will look like (there are multiple options, survivor benefits, etc. which make it a complex thing to do solo.) Knowing what age to begin collecting from Social Security and your pension could be something to play with. Financial planners can run different monte carlo simulations to estimate what's best and incorporate investment accounts. This topic could be a great future 403bwise event.
  4. Luckily for those of us who don't know math, there's a handy table that breaks down the data: https://taxfoundation.org/joe-biden-tax-plan-2020/#Revenue Raising the top 37% tax rate to 39.6% would net $25.1 billion in 2021 alone. https://www.brookings.edu/policy2020/votervital/did-the-2017-tax-cut-the-tax-cuts-and-jobs-act-pay-for-itself/ The TCJA hasn't paid for itself, so increases(it's really just the undoing of mismanagement) are to be expected. https://budgetmodel.wharton.upenn.edu/issues/2020/9/14/biden-2020-analysis "Over fiscal years 2021 – 2030, the Biden platform would raise $3.375 trillion in new tax revenue while increasing spending by $5.37 trillion." Spending is a separate conversation from revenue. In terms of taxes for my household, I have no fear: I see significant upside for the country as a result of a change in leadership. If it costs me a few unnoticeable bucks, it's well worth it.
  5. https://taxfoundation.org/joe-biden-tax-plan-2020/ So if you are worried, you must be earning $400k+/yr in taxable income? That 2.6% increase in the top tax bracket... radical progressives sending our top tax rate back to those awful pre-2017 times. Sad. All to fund education, social programs, and government.... communist agenda confirmed 😉 Each state taxes pensions, social security and and other stuff differently: https://www.retirementliving.com/taxes-by-state http://www.tax-rates.org/taxtables/property-tax-by-state http://www.tax-rates.org/taxtables/income-tax-by-state You could live in Wyoming and pay nothing, but then you'd be living in Wyoming, which is a choice few people make: https://www.worldatlas.com/articles/least-densely-populated-u-s-states.html https://en.wikipedia.org/wiki/List_of_states_and_territories_of_the_United_States_by_population
  6. Age: 38 (Same as you) My allocation is in the same index funds that make up the early stages of target date funds - typical four fund portfolio. I've maintained it at ~90/10 since moving to Vanguard in 2016. If you're contributing regularly, and well diversified, you shouldn't have a sense of FOMO. I own a little bit of almost everything and stick with it for the market gains and declines. My investing behavior has been the same whether the market is flat, up 20%+ or down 30%+. Stay the course 🤞
  7. The math proves it, but I still don't know what it feels like qualitatively 😋 Found the quote: "To turn $100 into $110 is work. To turn 100 million into $110 million is inevitable." Edgar Bronfman https://www.investopedia.com/financial-edge/0211/why-the-first-1-million-is-the-hardest.aspx https://www.whitecoatinvestor.com/the-second-million-why-the-rich-get-richer/
  8. I started contributing to a Vanguard target date fund, then bought the same index funds it held. I think of it like moving from a automatic transmission to manual transmission car - I wanted a little more control over the glide path (rpm range.) Roth IRA is 100% stock, 60/40 US/International Taxable is 100% stock, VTSAX When it comes to allocation, the most important thing is that you are invested and stay that way. Making sizable contributions is going to help a lot. There's a quote out there from someone about how when you have $100k, the next $10k will come eventually, but if you have $1mil that next $10k is inevitable.... or something(I understand the math behind it, but I don't have the million to prove it right or wrong.) Gotta build up that nest egg.
  9. Vanguard 403b I think you were lookin' for calculations in another thread: Other Vanguard Accts (Roth, IRA, Taxable) At 6.6% YTD for everything we've got going as of today. Was 3.9% at the end of Q3 (9/30). I was trying to rebalance through contribution changes(leaning more 80/20 instead of 90/10), but so far it hasn't moved the 403b allocations. Bulk of the other accounts is 100% stock.
  10. Consider looking into if you can donate shares of stock directly to your charities: https://www.bogleheads.org/wiki/Donating_appreciated_securities
  11. You have more complete information than I do, so I'd trust your numbers. Typically I take calculation info from these sources: https://www.bogleheads.org/wiki/Calculating_personal_returns https://www.investopedia.com/terms/i/irr.asp https://www.investopedia.com/terms/c/cagr.asp
  12. That's a serious account balance to manage. VTBLX being up 7% YTD has to be a pleasant surprise.
  13. Column D shows Growth of 10k Column F shows Growth of Annual 6k Contributions I think it boils down to ~5% avg rate of return. sschullo25.xlsx
  14. ScottO

    Zero fee ETFs

    I still feel better about getting people started with Vanguard due to the way the company is structured. Fidelity does have slick advertising though(paid for by those holding their other funds): https://www.fidelity.com/mutual-funds/investing-ideas/index-funds https://investor.vanguard.com/mutual-funds/fees Target Date mutual funds at Vanguard have a $1k minimum. Vanguard ETFs are priced by whole shares. VTI is ~$175, BND is ~$90. Scott Dauenhauer has said that the way Vanguard pays out dividends, investors are actually being paid to invest or seeing 0% effective expense ratios - I need to look more into that to understand their structure even better. Vanguard is one of the few companies that I dig up information on and feel better about 😛 More info: https://mymoneywizard.com/vanguard-vs-fidelity/
  15. Seems like it's a story making the rounds again - Rick Ferri versus Paul Merriman on Factor Investing(Podcast): (Part 1) https://www.whitecoatinvestor.com/rick-ferri-versus-paul-merriman-on-factor-investing-podcast-169/ (Part 2) https://www.whitecoatinvestor.com/rick-ferri-paul-merriman-pt-2-podcast-170/ (Uploaded recently - You can skim through transcripts if you want to skip listening for 2hrs+) Paul's alternate strategy may benefit Paul more than anyone else. Click throughs, book sales, speaking engagements, etc. Like you said, writers have to write something to stay relevant. The disagreement with the norm could just be to differentiate himself to get people to say, "Hey check out this guy - he's got another idea if you're uncomfortable with what everyone else is doing." ^ from a 2003 speech by John Bogle I'll just keep doing what the man says and try to get some sleep. Darn pandemic is keeping me up at night.
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