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Re: Should we tip the caregiver

I also think this is a very kind thing to do. I would think cash or cash equivalent in a thank you card would make a difference to the caretaker, maybe with a small box of candy or other small gift to accompany it.
by BL
Thu Nov 20, 2014 2:04 pm
 
Forum: Personal Consumer Issues
Topic: Should we tip the caregiver
Replies: 25
Views: 1545

Re: I may not make my retirement goals! What to do?

If you are borderline, it might make sense to consider a floor of SPIA (single premium immediate annuity) now or better yet, when you are older, especially if you do not feel comfortable increasing equities. If you know you have purchased enough annuity to meet your basic needs, you might be more co...
by BL
Wed Nov 19, 2014 3:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: I may not make my retirement goals! What to do?
Replies: 49
Views: 3311

Re: Online ETF graphs that show growth minus fees (expns rat

Thanks for all of the responses. Just to clarify since I'm somewhat new to all of this mutual fund stuff. Here's a Morningstar graph that plots JHancock Disciplined Value Mid Cap A (JVMAX) against Vanguard's Index Fund (VFINX): http://goo.gl/rxytEP If all of the expenses (except for the loads and r...
by BL
Tue Nov 18, 2014 1:00 pm
 
Forum: Investing - Theory, News & General
Topic: Online ETF graphs that show growth minus fees (expns ratio)?
Replies: 14
Views: 1151

Re: Tax Planning for 2015 Roth conversion

One advantage is you can hold more of your money in a Roth because you own the whole thing, even future increases, with no more taxes, while the same money in a tIRA belongs partially to you and partially to the government (taxes). So you don't want to decrease those valuable dollars by taking out f...
by BL
Tue Nov 18, 2014 9:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for 2015 Roth conversion
Replies: 11
Views: 1367

Re: Trying to get started and have been procrastinating

Just ignore the Date and choose the stock/bond ratio or % bonds you want.
by BL
Mon Nov 17, 2014 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to get started and have been procrastinating
Replies: 26
Views: 2319

Re: Fund expense

This fund is only available to clients enrolled in Fidelity Portfolio Advisory Service®
by BL
Mon Nov 17, 2014 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund expense
Replies: 4
Views: 235

Re: Is my Tommy Lee Jones Approved Portfolio a disaster?

1) Complexity too complex 2) Overlap? lots of overlap 3) Tax Efficiency lots of taxable bonds, etc. Balanced funds have taxable bonds in them. 4) Expenses high costs. Do you also pay loads and/or management fees? You may have to look up each, some do and some don't, according to the two I looked at...
by BL
Mon Nov 17, 2014 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is my Tommy Lee Jones approved Portfolio a disaster?
Replies: 17
Views: 2148

Re: Extreme Generosity / Limiting Net Worth

Can you please define percent (of what?) as in giving X%. Is it someone giving X% of gross income, net income, net worth, AGI, MAGI (which one?). Is it different in working vs. retirement? I never know which it is, and people I know have different ideas about which should be used. I did not ask eve...
by BL
Mon Nov 17, 2014 12:20 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9147

Re: Extreme Generosity / Limiting Net Worth

Can you please define percent (of what?) as in giving X%. Is it someone giving X% of gross income, net income, net worth, AGI, MAGI (which one?). Is it different in working vs. retirement? I never know which it is, and people I know have different ideas about which should be used.
by BL
Mon Nov 17, 2014 12:47 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9147

Re: "Safe" investment for a retired parent. CD?

I-Bonds could also be considered, even though the limit is $10k/year per account. It is tied up for 1 year.
by BL
Sun Nov 16, 2014 10:34 pm
 
Forum: Investing - Theory, News & General
Topic: "Safe" investment for a retired parent. CD?
Replies: 12
Views: 1329

Re: Tax Planning for 2015 Roth conversion

2. Increase withholding on my pension in January to 10,000/12= 833 per month (no estimated tax payments). I prefer #2 because it is simple and allows me to make adjustment if I need to. All withholding comes from one source that is easy to change and monitor. I like #2 and adjust as needed with my ...
by BL
Sun Nov 16, 2014 9:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for 2015 Roth conversion
Replies: 11
Views: 1367

Re: Options for girlfriend with bad 403b and no matching

Good idea. She needs to get AGI below $30k to get 10%, below 19.5k to get 20%, and below $18k to get 50% of $2000 max retirement contribution. I suggest she read the on-line 16-page booklet, If you Can: how millennials can get rich slowly by Boglehead, William Bernstein, for some ideas on retirement...
by BL
Sun Nov 16, 2014 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Options for girlfriend with bad 403b and no matching
Replies: 8
Views: 398

Re: Options for girlfriend with bad 403b and no matching

The other option, if she wants income deferral, is to contribute to tIRA and put the excess in the bad 403b. It might depend on how badly she needs the tax deferral now. She might need the traditional IRA to keep within the 15% bracket or to increase her spendable income now. Also if she has debt t...
by BL
Sun Nov 16, 2014 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Options for girlfriend with bad 403b and no matching
Replies: 8
Views: 398

Re: 20K Inheritance, now what?

There is an old expression used by some senior members here: "There are many roads to Dublin". Several suggestions differ and yet several choices may get you where you hope to be. So let things settle a bit and then do what you feel is best for you. There are people here who have been here...
by BL
Sun Nov 16, 2014 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: 20K Inheritance, now what?
Replies: 46
Views: 2972

Re: Newbie we need help!

Keep up the good work!

You have been given good suggestions above. I just wanted to add a short 16-page booklet free pdf by the above-mentioned William Bernstein, written for beginners:
http://www.etf.com/docs/IfYouCan.pdf
by BL
Sat Nov 15, 2014 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie we need help!
Replies: 15
Views: 804

Re: 25yo Military New Investor

Also you should plan for what to do if you cannot have a full career in the military. With downsizing in the military, I know people who are being selected out because of a reduction in the number of people at their rank or in their specialty. Be prepared for this in case it happens. Laura +1 It is...
by BL
Sat Nov 15, 2014 12:29 am
 
Forum: Investing - Help with Personal Investments
Topic: 25yo Military New Investor
Replies: 26
Views: 2109

Re: 34 year old new to investing - help please

I would get the IRA transferred first. Consider IRAs for both you and your spouse before opening any taxable accounts or 529. Your retirement must come first before funding your child's education since you cannot borrow for retirement. I called NWM and they said there is a 6% fee to transfer my IRA...
by BL
Fri Nov 14, 2014 10:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: 34 year old new to investing - help please
Replies: 41
Views: 4049

Re: Help with parent's assets

Thanks retiredjg. Yes, I do plan to discontinue reinvesting cap gains/dividends. Also, I am familiar with the different distribution methods (FIFO, LIFO, specific ID). As for bonds, given her tax bracket and that she lives in a state with taxes as well, any suggestion for a bond fund? I failed to m...
by BL
Fri Nov 14, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with parent's assets
Replies: 13
Views: 1308

Re: Does anyone here make "fun" purchases.

I have no problem with the curtains. If it is meant to fill a void, or make up for regrets, or other complicated feelings, one should be aware that it just might not do that. So the whole object is to find a balance that suits you, and no one else knows what that is. I hope you enjoy them for many y...
by BL
Fri Nov 14, 2014 3:48 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 6185

Re: 20K Inheritance, now what?

This Wiki page shows all you need to invest in is 3 funds in the proportion (AA) you choose:
http://www.bogleheads.org/wiki/3-fund_portfolio
by BL
Fri Nov 14, 2014 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: 20K Inheritance, now what?
Replies: 46
Views: 2972

Re: 20K Inheritance, now what?

Yep, it won't answer all your questions, but if there is a point or two (not necessarily directly connected to your question) that helps, I think it is good. Avoiding the big mistakes is so important: trusting others that are just looking out for themselves, and panicking when the news sounds bad ar...
by BL
Fri Nov 14, 2014 1:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: 20K Inheritance, now what?
Replies: 46
Views: 2972

Re: 20K Inheritance, now what?

There is a very short book on Amazon.com or free right here for beginners to investing:
If You Can: How to Get Rich Slowly by a Boglehead, William Bernstein:
http://www.etf.com/docs/IfYouCan.pdf

There may be some useful ideas as well as book suggestions.
by BL
Fri Nov 14, 2014 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: 20K Inheritance, now what?
Replies: 46
Views: 2972

Re: Does anyone here make "fun" purchases.

I love them, can afford them but the decision was met with derision. I assume this means you have maxed out your 401k, IRA, emergency funds, have paid at least 20% down on your mortgage, and have no other debts, and have the cash available. Could you buy the fabric and sew them yourself? I would ne...
by BL
Fri Nov 14, 2014 12:35 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 6185

Re: Food stamps

Supplemental Nutrition Assistance Program (SNAP) http://www.fns.usda.gov/snap/eligibility Household Size 1 Gross monthly income $1,265 (130 percent of poverty) Net monthly income $ 973 (100 percent of poverty) Deductions are allowed as follows: A 20 percent deduction from earned income; A standard ...
by BL
Fri Nov 14, 2014 11:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Food stamps
Replies: 8
Views: 1658

Re: Dealing with pressure for "social donations" at work

I think it is important to think in some relative term, such as: they want me to give six hours pay as a contribution! I recall a job where the person I replaced was given farewell gifts from an office collection. I have forgotten now, but I probably donated 1-2 hours pay to this person I knew for a...
by BL
Thu Nov 13, 2014 4:37 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 7660

Re: 34 year old new to investing - help please

I would get the IRA transferred first. Consider IRAs for both you and your spouse before opening any taxable accounts or 529. Your retirement must come first before funding your child's education since you cannot borrow for retirement. How long have you had this Adjustable CompLife Insurance and wha...
by BL
Thu Nov 13, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: 34 year old new to investing - help please
Replies: 41
Views: 4049

Re: 34 year old new to investing - help please

I would transfer the IRA to Vanguard. Contact them and they would do it for you, which is much better than you handling it from the current holder, NWM in this case. They should tell you exactly what you need to do to set it up. You should have a statement in front of you so you could ask V if you c...
by BL
Thu Nov 13, 2014 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: 34 year old new to investing - help please
Replies: 41
Views: 4049

Re: restarting overwhelmed

Can you please give funds and their ERs available in 401k? That way someone can help select the best choices. 1.75% is very high, but I do hope you have at least one that would be much lower. Do you have an S&P500, for instance? Look for lower ERs and the word "index". You may want to ...
by BL
Thu Nov 13, 2014 1:53 am
 
Forum: Investing - Help with Personal Investments
Topic: restarting overwhelmed
Replies: 24
Views: 3703

Re: Contribution to ROTH in 401K

BL: You mention to keep all of my bonds in IRA/401K to keep increases less so it is better to earn less? I simply meant that for whatever amount of bonds you have, they should mostly be in the IRA/401K where you will eventually pay tax on everything at whatever your tax bracket is and larger increa...
by BL
Wed Nov 12, 2014 2:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Contribution to ROTH in 401K
Replies: 13
Views: 1047

Re: Ouch! IRS penalty for underpayment, Any ideas?

I would expect my accountant (or myself, since I am a CPA) to pay the penalty. Generally, you don't get the interest because you had use of your money during that time. So I suggest you negotiate. The truth is that you pay your CPA for a reason - to give you good tax advice. It's bit low for her to...
by BL
Wed Nov 12, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Ouch! IRS penalty for underpayment, Any ideas?
Replies: 24
Views: 3073

Re: Please Help: I am eligible to participate in my first 40

I think you made some smart choices. Now you can just forget about investing for a while and let the fund go up and go down, etc. Well, maybe first read this free book by Boglehead, William Bernstein, If You Can: How Millennials Can Get Rich Slowly : http://www.etf.com/docs/IfYouCan.pdf Just pick up...
by BL
Wed Nov 12, 2014 1:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Please Help: I am eligible to participate in my first 401K.
Replies: 16
Views: 1584

Re: restarting overwhelmed

Laura has given you good advice. You do not want management as that will have a fee plus they will sell you high-ER (expensive!) funds as well! Fidelity has a few good index funds so if you stick with them you will do fine. I like Vanguard because all the funds are cheap so there is no point in tryi...
by BL
Wed Nov 12, 2014 1:04 am
 
Forum: Investing - Help with Personal Investments
Topic: restarting overwhelmed
Replies: 24
Views: 3703

Re: 51 yr old just starting over with employer 401(k)

Roth IRA @ Vanguard (add $5.1k/yr = 40% of annual contributions) 40%, Vanguard STAR Fund (VGSTX) ER 0,34%, <= start with all IRA contributions to this fund, 60% stocks/40% bonds; only $1,000 initial minimum investment 00%, Vanguard Total Bond Market Index Fund Investor Shares (VBMFX), ER 0.20%, <= ...
by BL
Wed Nov 12, 2014 12:12 am
 
Forum: Investing - Help with Personal Investments
Topic: 51 yr old just starting over with employer 401(k)
Replies: 37
Views: 3217

Re: Contribution to ROTH in 401K

Then secondly should I wait until I have to do the RMD at 70 1/2 or start taking distributions when I retire at age 66 to lower the tax burden at 70 1/2? Have you considered delaying SS until age 70 and converting IRA to Roth IRA up to the top of your tax bracket? I would keep all of my bonds in IR...
by BL
Tue Nov 11, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Contribution to ROTH in 401K
Replies: 13
Views: 1047

Re: 34 year old new to investing - help please

I agree with Novine that you haven't given enough information for people to give good information; the above link is good. Agree that you want to tackle the higher rate loans ASAP. You list life insurance as an investment; is 450k the cash value, loan value, death payment?? Is it term insurance? How...
by BL
Tue Nov 11, 2014 12:51 am
 
Forum: Investing - Help with Personal Investments
Topic: 34 year old new to investing - help please
Replies: 41
Views: 4049

Re: I'm Scared! Vanguard Target Retirement 2015 - What to d

But if you file spousal before FRA, you can't let your own grow. If you can hold off until FRA, then you can collect spousal until age 70 if you can wait that long.
by BL
Mon Nov 10, 2014 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: I'm Scared! Vanguard Target Retirement 2015 - What to do!
Replies: 39
Views: 7083

Re: Letting go

Perhaps, Split up your investments into different accounts now, naming your nieces and nephews as beneficiaries. There are ways to pre-gift to the non-profits also. You have control over the funds during your lifetime. This seems like a fairly simple situation that does not need a lawyer or a Trust...
by BL
Mon Nov 10, 2014 8:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Letting go
Replies: 17
Views: 3123

Re: 51 yr old just starting over with employer 401(k)

Ok Here are the Plan Investments offered in the company's 401(k): Please keep in mind I'm planning on contributing 10% of my income (approx. 8500) annually, and I have no other substantial savings, except for some stock I just inherited. As I reiterate, I am literally starting over. Lost everything...
by BL
Mon Nov 10, 2014 6:30 am
 
Forum: Investing - Help with Personal Investments
Topic: 51 yr old just starting over with employer 401(k)
Replies: 37
Views: 3217

Re: Basic investing/tax related question

Did you mean deduct from your income this year rather than total taxes?

Assuming you don't buy it right back within 31 days it would not be a wash sale.

It sounds like a good idea assuming you have no non-Roth IRAs.
by BL
Sun Nov 09, 2014 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Basic investing/tax related question
Replies: 6
Views: 450

Re: Scottrade ROTH IRA advice

Maybe you need to have over $1000 there as there may be a charge to close the Scottrade account (50-75?). Have Vanguard pull the account funds, or cash if not possible to transfer "in kind". That may work better than handling it from the Scottrade account to push it to Vanguard. Don't have...
by BL
Sun Nov 09, 2014 3:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Scottrade ROTH IRA advice
Replies: 30
Views: 2259

Re: Trying to get started and have been procrastinating

When you look for life insurance, be sure to stick with term insurance. The other (whole, etc) will be recommended because the salesman will get a bigger commission. Term for 20-30 years should be cheap if you are very healthy. Both parents probably need some insurance to cover child care, etc. Reme...
by BL
Sun Nov 09, 2014 8:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Trying to get started and have been procrastinating
Replies: 26
Views: 2319

Re: Trying to get started and have been procrastinating

Fidelity has good index funds also. They are the Spartan funds and I believe there are now Freedom INDEX target date funds available, not only in 401ks. I wouldn't pay money to buy Vanguard funds there; move to Vanguard if you want them.
by BL
Sat Nov 08, 2014 11:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to get started and have been procrastinating
Replies: 26
Views: 2319

Re: What to Suggest for Inheritance Mom Received

Admittedly, I have gotten a bit agitated that I recommended she put it in something which was going to produce at least moderate gains and she didn't do it, but I certainly won't apologize for that. I will consider changing my approach, though. She could just as easily have lost money following you...
by BL
Sat Nov 08, 2014 6:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to Suggest for Inheritance Mom Received
Replies: 28
Views: 2374

Re: What to Suggest for Inheritance Mom Received

I would make it simple and less scary, like Life Strategy Conservative (40/60) in Roth.

You/she need to get a handle on annual expenses vs. income or how much extra she needs. Selling her expensive home might be a good move. Is she willing to do that?
by BL
Sat Nov 08, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to Suggest for Inheritance Mom Received
Replies: 28
Views: 2374

Re: Finally taking the next step - taxable account

See Backdoor Roth in the Wiki if you may be over the income limit. If you don't have a traditional IRA, it is pretty simple to do. If only one of you does, the other can do the B-Roth. A Roth is always better than taxable. I prefer mutual funds over ETFs for the same reason you do-no leftover money...
by BL
Sat Nov 08, 2014 2:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally taking the next step - taxable account
Replies: 8
Views: 810

Re: Possible transfer from Lifestrategy over to ETF's

Your title does not have any word to attract the Aussie. Perhaps you could edit it to do so.
by BL
Sat Nov 08, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Possible transfer from Lifestrategy to ETF's - Australia
Replies: 7
Views: 858

Re: Finally taking the next step - taxable account

See Backdoor Roth in the Wiki if you may be over the income limit. If you don't have a traditional IRA, it is pretty simple to do. If only one of you does, the other can do the B-Roth. A Roth is always better than taxable. I prefer mutual funds over ETFs for the same reason you do-no leftover money ...
by BL
Sat Nov 08, 2014 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally taking the next step - taxable account
Replies: 8
Views: 810

Re: Trying to get started and have been procrastinating

Hoppy has given you some good suggestions. If you want more specific advice on what to select in a 401k, for instance, try to edit your original post to follow the following format: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 (Asking questions, at top of Help column.) Not only will ...
by BL
Sat Nov 08, 2014 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Trying to get started and have been procrastinating
Replies: 26
Views: 2319

Re: 22, I want to be rich, looking for a high reward fund

It sounds like you have a good plan. Be flexible and open to new experiences, challenges, educational opportunities, advancement opportunities. You can live a balanced life and live somewhat frugally as well. For example, if you are stationed overseas, find ways to safely and frugally explore the re...
by BL
Sat Nov 08, 2014 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: 22, I want to be rich, looking for a high reward fund
Replies: 67
Views: 6094
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