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Re: New Investor Question

Ignore the date on the target fund, just check the bond % and get one with at least 20%. The out-years have only 10% bonds, which is considered quite low here. Even so, you could do much worse so it isn't bad if you don't panic when stock market goes way down. If you can hold on, it has always come ...
by BL
Wed Oct 01, 2014 10:04 am
 
Forum: Investing - Help with Personal Investments
Topic: New Investor Question
Replies: 5
Views: 199

Re: 401k rollover help needed

Her Rollover TIRA at Vanguard -- $51K -- 14% 10% (VEXAX) Vanguard Extended Market Index Fund Admiral Shares (0.10%) 
7% (VGTSX) Vanguard Total International Stock Index Fund Investor Shares (0.22%) 30% (VBTLX) Vanguard Total Bond Market Index Fund Admiral Shares (0.08%) Duckie has given good advice...
by BL
Wed Oct 01, 2014 12:39 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover help needed
Replies: 16
Views: 1211

Re: My paycheck.

I agree that you should consider a Roth IRA instead of any 457 (unless your choices are outstanding). You could get great choices at Vanguard or some of the others, as well as the flexibility of the Roth. Do your children live with you? If so, you might be able to file as head of household. Try Taxc...
by BL
Wed Oct 01, 2014 12:18 am
 
Forum: Personal Finance (Not Investing)
Topic: My paycheck.
Replies: 11
Views: 1878

Re: Income tax question for these two situations

Hello, I generally use turbotax each year to do my own simple taxes (just a W-2). Until this year I have never sold any stocks, so it's been easy. I'm wondering if I need to have a professional do it this year, considering: 1) I claimed old paycheck (>5 yrs old) from a former employer through the u...
by BL
Tue Sep 30, 2014 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Income tax question for these two situations
Replies: 3
Views: 243

Re: Should I convert my TIRA/401k to Roth?

You might check at your present job as to whether you can roll your IRA into your current 401k. If so, that would eliminate the cost of converting it to a Roth, which would be quite expensive, depending on your taxable income. Having non-Rollover mixed with rollover IRA might complicate the matter. ...
by BL
Tue Sep 30, 2014 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I convert my TIRA/401k to Roth?
Replies: 8
Views: 394

Re: Working & Collecting SS Benefits

Don't forget the RMD at 70 1/2! That is taxable if she has an IRA or 401k. IRS Pub. 915 has a worksheet to calculate how much SS is taxable when you are figuring your taxes: http://www.irs.gov/pub/irs-pdf/p915.pdf There is a sliding scale for "up to 50%" and for "up to 85%".
by BL
Mon Sep 29, 2014 11:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Working & Collecting SS Benefits
Replies: 6
Views: 638

Re: Best 401K for 26-year-old

Also, what would be the advance of a 2035 retirement plan over a 2050 retirement plan? I certainly don't plan to retire at 47 (though it would be nice to have enough money to do so). Check the amount of bonds in the various dates to get the mix you want. The out-years are all only 10% bonds which i...
by BL
Mon Sep 29, 2014 11:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best 401K for 26-year-old
Replies: 21
Views: 1579

Re: See both financial advisor and elder law lawyer for Mom?

NY:
2014 limits:
Income $809/month
Resources $14,550
by BL
Mon Sep 29, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 44
Views: 2002

Re: Read too many books... help untangle

So help me untangle all these concepts from folks we all know and love around these parts that are seemingly contradictory. I'm going to suggest that people can put aside all those contradictions and focus on the basics instead. The basics of -saving a reasonable amount of money -using both stocks ...
by BL
Mon Sep 29, 2014 4:51 pm
 
Forum: Investing - Theory, News & General
Topic: Read too many books... help untangle
Replies: 35
Views: 2424

Re: See both financial advisor and elder law lawyer for Mom?

First Google your state's Medicaid income limits and asset limits. My guess is that the income would be too high, as well as the assets. dad's social security (when she turns 65 for FRA) = $6k/month. FRA hasn't been age 65 for a decade, so it is probably close to 66. She can draw on hers now and swi...
by BL
Mon Sep 29, 2014 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: See both financial advisor and elder law lawyer for Mom?
Replies: 44
Views: 2002

Re: Another thank you to the Bogleheads

Sounds like you are a true "Boglehead". Congratulations!
by BL
Mon Sep 29, 2014 10:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Another thank you to the Bogleheads
Replies: 6
Views: 731

Re: New Investor kindly requests your advice

If you have a high deductible health insurance, it is usually highly recommended that you do the HSA to the max, pay your medical bills out of cash on hand, save your receipts so you can collect in an emergency, and move allowed amounts to a low-cost provider. This money can be used in retirement to...
by BL
Mon Sep 29, 2014 9:19 am
 
Forum: Investing - Help with Personal Investments
Topic: New Investor kindly requests your advice
Replies: 8
Views: 646

Re: Best 401K for 26-year-old

Toons wrote:1. VANGUARD TARGET RET 2050 (VTENX) :happy


+1 or 2035. Check the % bonds.

Includes all of the funds above in just one fund. Simple is good.
by BL
Sun Sep 28, 2014 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best 401K for 26-year-old
Replies: 21
Views: 1579

Re: Getting started - consolidating investments

If you roll over the traditional IRA, that has nothing to do with regular up to $5500 contributions/year. There are advantages to keeping them separate especially in case you want to roll over this rollover into a 401k if your income will exceed Roth limits some day. I suggest you don't be too quick...
by BL
Sat Sep 27, 2014 11:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Getting started - consolidating investments
Replies: 17
Views: 892

Re: Getting started - consolidating investments

I would suggest you go to Investing-Help with personal investing and read Laura's thread "Investment planning" and then go to asking questions thread to get guidance on how to give information in a format that folks are used to here. It will also be useful to you to see your financial pict...
by BL
Sat Sep 27, 2014 9:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Getting started - consolidating investments
Replies: 17
Views: 892

Re: Portfolio Advice/Questions for a graduate/newbie

I think you should edit your subject to include Sweden or at least Europe. That may catch the interest of some that may have more specific knowledge of European investing.
by BL
Fri Sep 26, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice/Questions for a Swede/European
Replies: 39
Views: 1365

Re: Portfolio Advice/Questions for a graduate/newbie

There is another thread on a similar subject here.
http://www.bogleheads.org/forum/viewtopic.php?f=1&t=147108&newpost=2204302
Check it out.

Here is a Wiki link that I found through the other thread:
http://www.bogleheads.org/wiki/EU_investing
by BL
Fri Sep 26, 2014 9:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice/Questions for a Swede/European
Replies: 39
Views: 1365

Re: Portfolio Advice/Questions for a graduate/newbie

I hope you are getting some good ideas to consider. Since we are not familiar with your possibilities, you will have to do most of the searching on your own. I have also heard that buying American creates tax problems because dividends are treated differently in other countries. Since simplicity is ...
by BL
Fri Sep 26, 2014 8:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice/Questions for a Swede/European
Replies: 39
Views: 1365

Re: Inheritance advice

While many advisers looking for your business can suggest purchases that will not be good for you, but only for them, The Vanguard advisers have only cheap funds to suggest and probably no commissions on them. I would trust them to at least have your interests in mind, rather than conflict-of-intere...
by BL
Fri Sep 26, 2014 1:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Inheritance advice
Replies: 5
Views: 897

Re: Lump sum or monthly check at retirment

There is something to be said for a pension which provides guaranteed income for a lifetime if it is anywhere near equivalent in value. People who are not Bogleheads find all sorts of ways to avoid maximizing the lump sum, or squander, make poor decisions, are talked into risky or expensive ventures...
by BL
Thu Sep 25, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump sum or monthly check at retirement
Replies: 20
Views: 1287

Re: BIG ($180k) student debt!! Strategy needed.

Are you filing MFS to take advantage of income based repayment? Is she working for a nonprofit that could qualify for Public Service Loan Forgiveness? That is the only possible reason I can think of. Be sure to do it both ways if you are considering this. You can amend last year's if you were marri...
by BL
Thu Sep 25, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: BIG ($180k) student debt!! Strategy needed.
Replies: 40
Views: 3862

Re: Life Insurance - Indexed - Worth it?

There is a search box at top of page. Google indexed life insurance and look at some of the Boglehead threads. This is a big-profit item and guess who makes the profit? Consider investing in Total Stock Market, total International Stock market, and tax-exempt bonds at Vanguard. This would be a very ...
by BL
Wed Sep 24, 2014 8:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life Insurance - Indexed - Worth it?
Replies: 12
Views: 567

Re: Portfolio Advice/Questions for a graduate/newbie

I don't know how much you might want to invest in US stock funds. You do have rather low-cost funds, assuming there are no additional fees or charges. I would not be quick to change until I had studied and decided that some other funds are more suitable. Not sure how much help you can get here. Inve...
by BL
Wed Sep 24, 2014 2:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice/Questions for a Swede/European
Replies: 39
Views: 1365

Re: Stubbornly Non-Boglehead Husband. What To Do?

I would agree that this is beyond "non-Boglehead"! It truly sounds like a gambling addiction rather than actively picking stocks or depending on someone else to actively pick them for you. If you are lucky he may hit bottom, but before everything goes up in smoke. There are organizations l...
by BL
Wed Sep 24, 2014 12:27 pm
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7541

Re: Going forward

There is a new 16-page booklet just for you:
https://dl.dropboxusercontent.com/u/29031758/If%20You%20Can.pdf
If You Can
How Millennials Can Get Rich Slowly
by Boglehead, William Bernstein

You can do this:
http://www.bogleheads.org/wiki/3-fund_portfolio
by BL
Tue Sep 23, 2014 7:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Going forward
Replies: 7
Views: 819

Re: Can anyone help w/ Debt & Credit Score?

Here are some places to start: This is the government authorized free reports: https://www.annualcreditreport.com/index.action Beware of similar sounding outfits. Some govt. recommendations on credit counselors: http://www.consumer.ftc.gov/articles/0153-choosing-credit-counselor Govt. site info. for...
by BL
Tue Sep 23, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can anyone help w/ Debt & Credit Score?
Replies: 19
Views: 1040

Re: In a Serious Situation Need Financial Advice

I think the last few posts have been less than helpful. People are probably not reading the whole thread and leaping to conclusions, like not realizing the house is under lease. And nobody ever got off drugs because someone lectured them. I will say that the OP's husband worries me, especially this...
by BL
Tue Sep 23, 2014 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: In a Serious Situation Need Financial Advice
Replies: 45
Views: 7248

Re: How to build a Vanguard portfolio

I recently retired [I am 67], and my wife will retire in 2 years time. I wish to build a Vanguard portfolio with moderate risk, starting with $100,000/-. I wish to compare this with my financial adviser managed portfolio over the next two years, and find out how they stack up. I have started off wi...
by BL
Tue Sep 23, 2014 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: How to build a Vanguard portfolio
Replies: 10
Views: 970

Re: Advisor switching companies, self management a possibili

It seems as though there are really two worthwhile options to consider. 1. Self manage at Vanguard. 2. Switch to Raymond James with the advisor. There's really no point in staying with the old bank with an advisor she knows nothing about. Why would she pay the new guy when she knows and trusts the ...
by BL
Tue Sep 23, 2014 1:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Advisor switching companies, self management a possibility
Replies: 14
Views: 974

Re: VTSMX and VBMFX - hold what in which account type?

All Roth contributions, but not gains, can be withdrawn whenever you choose with no tax and no penalty.
by BL
Mon Sep 22, 2014 11:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: VTSMX and VBMFX - hold what in which account type?
Replies: 16
Views: 1069

Re: VTSMX and VBMFX - hold what in which account type?

https://investor.vanguard.com/what-we-offer/small-business/compare-plans Set up an individual 401k and put into it as much as you make up to limits (and plan to spend your savings if necessary). Open Roth and add 5.5k/year. Put your bonds in the 401k. (or into Roth for emergency funds.)
by BL
Mon Sep 22, 2014 11:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: VTSMX and VBMFX - hold what in which account type?
Replies: 16
Views: 1069

Re: Mother-in-law Investment Help

What income and what expenses will she have?
Does she have SS from an ex-spouse or deceased spouse?
She could begin any time between current age and age 70 with various combinations.
Does she need to consider a SPIA (immediate annuity) to cover needed expenses?
by BL
Mon Sep 22, 2014 10:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mother-in-law Investment Help
Replies: 9
Views: 802

Re: $500,000 to invest long-term at age 30 - Where? How?

Use Vanguard. Here you go: 56% Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) 24% Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) 20% Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) Tax-efficient for a taxable account. Rebalance once a year. Enj...
by BL
Mon Sep 22, 2014 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: $500,000 to invest long-term at age 30 - Where? How?
Replies: 29
Views: 5014

Re: 23 Year Old - 70/30 Asset Allocation?

Here is a short booklet made just for you by Boglehead William Bernstein, If you Can
https://dl.dropboxusercontent.com/u/29031758/If%20You%20Can.pdf
It is also available as an e-book at Amazon.com.

Sounds like you have a good plan.
by BL
Mon Sep 22, 2014 1:30 am
 
Forum: Investing - Help with Personal Investments
Topic: 23 Year Old - 70/30 Asset Allocation?
Replies: 12
Views: 972

Re: Savings Bonds for Newborn?

You know that you can't get paper ones anymore unless with a tax refund?
by BL
Sun Sep 21, 2014 11:28 pm
 
Forum: Investing - Theory, News & General
Topic: Savings Bonds for Newborn?
Replies: 10
Views: 1064

Re: New Investor begging for input

The nice part about 401ks is that you can usually change your mind about what you invest in. Since you should have extra money quickly, you could easily just start with the S&P if you choose to do that. (S&P + Extended market (or small cap) gives you total market in 4 to 1 ratio.), (or just ...
by BL
Sun Sep 21, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor begging for input
Replies: 34
Views: 1425

Re: New Investor begging for input

Here is a short 16-page booklet written by Boglehead William Bernstein, If You Can: How Millennials Can Get Rich Slowly written just for you. https://dl.dropboxusercontent.com/u/29031758/If%20You%20Can.pdf or e-book on Amazon.com. The Wiki has a page on the 3-fund portfolio: http://www.bogleheads.or...
by BL
Sun Sep 21, 2014 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor begging for input
Replies: 34
Views: 1425

Re: Term Care 80 Northwestern Mutual - What to do for Life I

I agree the NML policy appears expensive, but do realize that the term4life website gives you some artifically low rates as well. You likely won't get the best rates shown - some of the agents won't even try for them. JT It should be easy enough to find out when you apply for their insurance. An in...
by BL
Sat Sep 20, 2014 1:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Care 80 Northwestern Mutual - What to do for Life Ins.
Replies: 15
Views: 968

Re: Need urgent help for 85 y.o. parents just moved to Vangu

Is this not correct? Cap gains are not taxable in the 15% bracket. Cap losses reduce cap gains. Why use cap losses to reduce non taxable income? Cap losses can reduce taxable income. Therefore either do not generate cap losses if you have cap gains or generate cap losses but do not generate cap gai...
by BL
Fri Sep 19, 2014 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need urgent help for 85 y.o. parents just moved to Vanguard
Replies: 65
Views: 3856

Re: No plan till today, not even frame work

15% 401k 100% tech fund

Do you also work in a tech field?

Welcome and may I recommend you read some of the recommended books here and the Wiki here. Search for the 3-fund portfolio.
by BL
Fri Sep 19, 2014 8:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: No plan till today, not even frame work
Replies: 7
Views: 825

Re: Need urgent help for 85 y.o. parents just moved to Vangu

Yes, BL, the first thing I did was direct them not to reinvest anything -- it's all going to the sweep accounts (aka vanguary money market). Okay, that finally explains short-term gains to me. I wasn't getting that the short-term loss is great, and the short-term gain stinks. This makes sense now. ...
by BL
Fri Sep 19, 2014 8:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need urgent help for 85 y.o. parents just moved to Vanguard
Replies: 65
Views: 3856

Re: Need urgent help for 85 y.o. parents just moved to Vangu

As far as taxes are concerned: Short-term gain: = Bad! (regular tax rate unless offset by short term loss) Short-term loss: = Very Good! (offsets the bad st gains first, then keeps on offsetting) long-term gain: = ok (special rates and 0% within 15% bracket) Long-term loss: = Good (offsets long term...
by BL
Fri Sep 19, 2014 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need urgent help for 85 y.o. parents just moved to Vanguard
Replies: 65
Views: 3856

Re: Need urgent help for 85 y.o. parents just moved to Vangu

Short term losses are great to sell and they offset short term gains. From Bankrate: How it works It's touching that the Internal Revenue Service wants to give you a break when the stock market tanks. However, this doesn't mean the weighing and applying of capital losses is simple. You must fill out...
by BL
Fri Sep 19, 2014 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need urgent help for 85 y.o. parents just moved to Vanguard
Replies: 65
Views: 3856

Re: Immediate payable annuity is a bad investment?

Oh dear! :oops: I have to think and research. :twisted: It seemed good till I read this. Buy an annuity and forget it. I'm amused that I cannot invest in Tax Advantaged Deferred Annuities or IRAs - I'm too old at 71 and still working :D I likely don't need an annuity when I plan to retire at 75. My...
by BL
Fri Sep 19, 2014 1:29 pm
 
Forum: Investing - Theory, News & General
Topic: Immediate payable annuity is a bad investment?
Replies: 45
Views: 2643

Re: We have a grocery problem...

There are good suggestions here, but I suggest you study what you are considering food. If in addition to snacks, fast food, and eating out, you are buying lots of non-food items including cigarettes, liquor, beauty, cleaning, and the like, you do need to be aware of that and perhaps separate it out...
by BL
Fri Sep 19, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 10623

Re: Need help with reinvesting chunk of cash

I would combine Roths at Vanguard and taxables at Vanguard. Get rid of individual stocks and you have enough to buy Admiral funds at V. Put ~20% International in taxable. Put 2% bond in Roth and 8% in 401k. (I suggest more bonds and just remove that much from TSM.) (If you don't have $3k for bonds i...
by BL
Fri Sep 19, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help with reinvesting chunk of cash
Replies: 3
Views: 383

Re: Need urgent help for 85 y.o. parents just moved to Vangu

Sell everything in the IRA and convert to money market, TRI, or total bond market. You can change free of charge when you decide for good. The main thing now is to avoid the danger of keeping those funds and there are no tax consequences in getting rid of anything in the IRA. Anything you sell in ta...
by BL
Fri Sep 19, 2014 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Need urgent help for 85 y.o. parents just moved to Vanguard
Replies: 65
Views: 3856

Re: Need urgent help for 85 y.o. parents just moved to Vangu

You would have to run the numbers (nice to have a willing free accountant!) but it looks like they have some room left within the 15% bracket for 0.0% capital gains. Maybe around 15-16k left in the bracket if taxable income is 58k. You can have up to $73,800 this year to stay in 15% bracket. Include...
by BL
Fri Sep 19, 2014 12:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Need urgent help for 85 y.o. parents just moved to Vanguard
Replies: 65
Views: 3856

Re: Help with retirement advise for my parents

Have you checked I-Bonds at treasurydirect.gov? It is inflation-based but only $10k/year/title. So $20k/year for 2, possibly trusts or other ways to get a little more. Online banks may have higher rate CDs, last Dec/Jan PenFed credit union had 3% 5yr CDs (certificates) so you could watch for that. A...
by BL
Thu Sep 18, 2014 11:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with retirement advise for my parents
Replies: 8
Views: 699
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