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Re: Variable annuity 100k in fees help (UPDATE)

Please get some facts from a Vanguard annuity guy and see if doing a 1035 into their low-cost annuity would make sense (I am not saying that it would, but the cost of cashing it in is pretty huge already.). Maybe someone here will help on figuring out the costs. Sounds like you really need to get aw...
by BL
Tue Sep 02, 2014 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Variable annuity 100k in fees help (UPDATE)
Replies: 13
Views: 852

Re: 78-yr old needs IRA mutual fund guidance.

Are your cc paid off each month? The "family" caught my attention as well. Keep that amount very tiny. If you have extra longevity genes, you might want to look at a SPIA (Single Premium Immediate Annuity). (Don't buy any other insurance products). Many are not adjusted for inflation, so p...
by BL
Tue Sep 02, 2014 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 78-yr old needs IRA mutual fund guidance.
Replies: 5
Views: 323

Re: Free credit report not available

I hear about it frequently. Just try by phone or mail as they suggest. They may not have enough information available for doing it on-line. Have you had automobiles, drivers license, credit card use, etc., recently?
by BL
Tue Sep 02, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free credit report not available online
Replies: 7
Views: 355

Re: Paper or plastic?

If you really believe in recycling I suggest you use old fabric (clothing, curtains, sheets, remnants, etc.) and sew up your own re-usable bags using a bag for a pattern or use one of the multitudes of bag patterns available on-line. You can make them exactly the size and shape you prefer and help o...
by BL
Tue Sep 02, 2014 2:45 pm
 
Forum: Personal Consumer Issues
Topic: Paper or plastic?
Replies: 63
Views: 2522

Re: New Job: Uncertain Contribution Rate & A Roth IRA Mistak

I think the term you want is recharacterization:
http://www.bogleheads.org/wiki/IRA_recharacterization

Google " recharacterization " at top of this page for other threads on the topic:
by BL
Tue Sep 02, 2014 1:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Job: Uncertain Contribution Rate & A Roth IRA Mistake
Replies: 4
Views: 205

Re: New Job: Uncertain Contribution Rate & A Roth IRA Mistak

What is your Tax Bracket? Why tax-exempt in Roth? I would only use that in taxable if I had to have bonds there. I would get rid of taxable bond in taxable. You could hold bonds in 403b instead. You don't have to have everything in each account. Fortunately, the available funds are great so it may n...
by BL
Tue Sep 02, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Job: Uncertain Contribution Rate & A Roth IRA Mistake
Replies: 4
Views: 205

Re: Use only tax-deferred vehicles? If so, help me pick!

You don't say if your loans are high interest.
Could you at least keep some of your emergency funds in the Roths? Hopefully you wouldn't have to use them, as the space is very valuable to you with no taxes ever if used for retirement. You have until next April to do this year's Roths.
by BL
Tue Sep 02, 2014 9:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Use only tax-deferred vehicles? If so, help me pick!
Replies: 5
Views: 493

Re: Help to invest $120.000 [Norway]

I am glad you have received some country-specific information. Tax advantage, IMHO, is huge, especially in Norway. I would call it "free money", even though I don't know when you can take it out or how it is taxed in the future. Guaranteed income is also great, especially when it comes at ...
by BL
Tue Sep 02, 2014 8:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Help to invest $120.000 [Norway]
Replies: 13
Views: 923

Re: Do I need to see my credit report?

Get free reports from the only govt authorized free reporting agency:
https://www.annualcreditreport.com/
You can get one/year from each of the 3 major companies.
by BL
Mon Sep 01, 2014 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need to see my credit report?
Replies: 34
Views: 1299

Re: Married couple starting out - advice

I have never done it, but I see near bottom of first page there is a link to "global moderators" that might work. I think that clicking on the exclamation point on your own post might get someone's attention if not. I don't know anything about NYC housing, but it is usually good to move ve...
by BL
Mon Sep 01, 2014 9:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Married couple starting out - advice
Replies: 11
Views: 629

Re: Married couple starting out - advice

You may want to change your id if it reflects your real name. The mods can help you if you wish.
by BL
Mon Sep 01, 2014 9:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Married couple starting out - advice
Replies: 11
Views: 629

Re: Married couple starting out - advice

4. Would you keep the amount of cash that we have in emergency funds? Or would you pay down my students loans more aggressively? We both have credit union bank accounts that will pay us 2.5% interest up to $25,000 (in each account), so the accounts are essentially earning more interest than some of...
by BL
Mon Sep 01, 2014 9:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Married couple starting out - advice
Replies: 11
Views: 629

Re: Where to withdraw?

Unless she suggests you withdraw her IRA, I would work on yours. There is an emotional element here that may be hard to pinpoint. Everyone should have a little all their own, IMHO. Are you converting any to Roth?
by BL
Mon Sep 01, 2014 12:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to withdraw?
Replies: 12
Views: 806

Re: Please give me advice to help my parents

I don't know which you should choose, but here are possible Vanguard small business retirement accounts compared: https://investor.vanguard.com/what-we-offer/small-business/compare-plans If they have separate businesses, they probably each have to set up a separate account. All IRAs and 401ks are I...
by BL
Sun Aug 31, 2014 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please give me advice to help my parents
Replies: 12
Views: 1626

Re: Advice for stay at home mom/military wife going back to

You might want to look into volunteering with the VITA (Volunteer Income Tax Assistance) program at your husband's new post. There is free online training here: http://apps.irs.gov/app/vita/ . This is an excellent idea. When the OP masters taxes she will open herself to other professional fields. B...
by BL
Sun Aug 31, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for stay at home mom/military wife going back to work
Replies: 24
Views: 1552

Re: Help to invest $120.000 [Norway]

Not really advice, but it looks like you have some excellent choices there so I wouldn't look much further. Some mix of those would probably be suitable. Most of us would be envious of your interest rates! I would keep most of what is needed soon in fixed income with some in equities to hopefully ke...
by BL
Sun Aug 31, 2014 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Help to invest $120.000 [Norway]
Replies: 13
Views: 923

Re: Advice for stay at home mom/military wife going back to

It sounds like you have a plan started. Keep it flexible and keep your eyes open this year to learn about careers you are interested in by what ever means you can: volunteering, part or full time in a place you can learn more about it. Get up to date on handling spreadsheets, databases, word process...
by BL
Sun Aug 31, 2014 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice for stay at home mom/military wife going back to work
Replies: 24
Views: 1552

Re: Autopilot Investments Broken and I am Confused

I suggest you look at low cost (ER) index funds like Spartan at Fidelity. (A target retirement fund might be a simple solution in 401k.) Search the Wiki for 3-fund portfolio. Tax bracket would be 25%, 28%, or higher (there is no bracket like your number.) Did you re-invest dividends on stocks you ow...
by BL
Sun Aug 31, 2014 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Autopilot Investments Broken and I am Confused
Replies: 13
Views: 1423

Re: Advice for stay at home mom/military wife going back to

You might consider starting at a para-professional job at a local school to get some experience, see if teaching appeals to you, and to be able to have similar hours to your young children. Not sure if the South pays very well, however. You probably need computer skills no matter what you do, so I w...
by BL
Sat Aug 30, 2014 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for stay at home mom/military wife going back to work
Replies: 24
Views: 1552

Re: Excess RMD

I will wait until later December for QCD to be enacted either in December or January (retroactive to December). Will have checks made out directly to charities to at least cover RMD. If no QCD, will pay the necessary tax, otherwise will escape the income tax and increased AGI from withdrawal. This i...
by BL
Sat Aug 30, 2014 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess RMD
Replies: 19
Views: 952

Re: Recommendations for Cordless Phone System for Home?

I have an AT&T 2-phone set with answering machine (without cell connectivity) that has been working fine for several years. Haven't changed batteries but expect it to be special ones. Still have corded phone as well that works when power is out.
by BL
Sat Aug 30, 2014 9:39 am
 
Forum: Personal Consumer Issues
Topic: Recommendations for Cordless Phone System for Home?
Replies: 14
Views: 1098

Re: My husband's " WILL", $ left for me to live on....

To the OP - I am pleased things have improved for you. Maybe an SPIA makes sense for you at this stage. Also, it may be a good idea to clear cookies and browser history from your computer - your husband's sudden change might not be coincidental. +1 on clearing out the computer for privacy. If it re...
by BL
Sat Aug 30, 2014 9:19 am
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17011

Re: My husband's " WILL", $ left for me to live on....

Maybe this is one case for his buying an immediate annuity now that would bring in a guaranteed amount for her life. It looks like, for example, $300,000 would buy a SPIA for a 50 year old with about $1200/month for life. It is not so much, and that is without future increases, but it would be somet...
by BL
Sat Aug 30, 2014 12:48 am
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17011

Re: Help out family without compromising my own retirement?

If you reward bad behavior, people will continue with the bad behavior. I believe one of the Bogleheads wrote a management book that includes rewarding the behavior you want to see. There was a thread recently about it. (I only read the free chapter on Amazon so far), ROBERT B. CIALDIN's Influence ....
by BL
Sat Aug 30, 2014 12:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 65
Views: 4538

Re: Father died. How to handle his company stock?

Hopefully he has paperwork in a file drawer, or other place he might store it. Maybe online records with brokers, etc., will be available. Perhaps the broker where he bought it has all of the records and can give the basis for it. If it is in his name, the basis may just be the value on date of deat...
by BL
Fri Aug 29, 2014 1:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Father died. How to handle his company stock?
Replies: 27
Views: 2092

Re: My husband's " WILL", $ left for me to live on....

After losing earlier comments I will just add my brief 2 cents.

Please check with Social Security to see if you can get payments until child turns 16 (if not earning too much).

Suggest to your husband that you need to go to work and save all of it for you future needs.
by BL
Fri Aug 29, 2014 12:11 am
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17011

Re: Portfolio advice for Mom at 86 years

Finally, is she in a low enough bracket that some Roth conversions are in order? I would assume with $1300/mo in SS and $775/mo IRA withdrawals as her only income that there would be room before bumping up into the next tax bracket. I get a negative vibe from her (like most people) when the topic o...
by BL
Thu Aug 28, 2014 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for Mom at 86 years
Replies: 23
Views: 1793

Re: Cost Basis Method

The Wiki has a page and some links on the subject: http://www.bogleheads.org/wiki/Specific_identification_of_shares Doing the IRS forms is a good way to learn how it works: The form: http://www.irs.gov/pub/irs-pdf/f8949.pdf The instructions for form 8949: http://www.irs.gov/pub/irs-pdf/i8949.pdf The...
by BL
Thu Aug 28, 2014 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: Cost Basis Method
Replies: 16
Views: 1018

Re: Cost Basis Method

When I look at my joint account Balances and Holdings, I click on Cost Basis, and it brings me to a page with cost basis summary. When I click on Show Details, I get all the lots beginning with 2012 when IRS rules changed. So I can look at them and decide which lots I will sell and see the basis for...
by BL
Wed Aug 27, 2014 2:03 am
 
Forum: Investing - Theory, News & General
Topic: Cost Basis Method
Replies: 16
Views: 1018

Re: Cost Basis Method

With SpecID, you can pick and choose the lots with the highest basis so as to minimize taxes on distributions.
by BL
Wed Aug 27, 2014 1:17 am
 
Forum: Investing - Theory, News & General
Topic: Cost Basis Method
Replies: 16
Views: 1018

Re: Family loan implications

Will their estate be over $10M? If not, there should be no gift taxes, just a requirement to file a form.

Could their be something in their will that would even up the amounts based on un-repayed loan?
by BL
Wed Aug 27, 2014 1:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Family loan implications
Replies: 12
Views: 613

Re: Fidelity and Vanguard Reps are they different?

Perhaps if you told him you only want to have Spartan index funds, you would find out if he tries to talk you into more expensive (ER) funds instead, which might help him more than you. Most here would suggest you look at total return (dividends plus unrealized gains) of your portfolio. Choose the b...
by BL
Mon Aug 25, 2014 6:44 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity and Vanguard Reps are they different?
Replies: 6
Views: 837

Re: My Wife's 401k is expensive.

Can you max your 2 IRAs, your work plan, and just enough for a match (if there is one) at hers? Do either of you have an HSA, or deductible plans for kids college funds? If you still have extra funds (maybe after putting extra into mortgage or saving to pay cash for cars, etc., taxable funds like Va...
by BL
Mon Aug 25, 2014 6:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Wife's 401k is expensive.
Replies: 23
Views: 1466

Re: Portfolio review - input needed please

Take a look at the 3-fund portfolio or the various portfolios listed in the Wiki: http://www.bogleheads.org/wiki/3_Fund_Lazy_Portfolios Suggest you read the Wiki (see Getting Started) and read a couple of recommended books to get a better background. The Amazon link on this site should take you dire...
by BL
Mon Aug 25, 2014 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio review - input needed please
Replies: 8
Views: 637

Re: AMT, TIRA, RMD, and Charitable Giving

If you are looking at pub 590 for 2013, note that QCD is not valid for 2014 at this time. In the past, congress has passed a law in Dec or Jan to enable giving from either December or January. So hopefully, they may do this, but is not the present law. We may wait until December to have Vanguard mak...
by BL
Sun Aug 24, 2014 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: AMT, TIRA, RMD, and Charitable Giving
Replies: 4
Views: 537

Re: Help please with revised plan for living in retirement

It seems like there is a plan where you could: Higher earner: file and suspend at FRA, draw on own at age 70 spouse: draw spousal only at FRA, draw on own at 70 If possible, this would bring in income for ~3 years at 1/2 of higher earner's PIA, without giving up any future income. Also consider I-Bo...
by BL
Sat Aug 23, 2014 11:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help please with revised plan for living in retirement
Replies: 15
Views: 2778

Re: calculators for ARM vs fixed mortgages?

given that the ARM will probably not go up to the worst rates

I assume you weren't around in mid-1980's when rates were 15+%.
by BL
Thu Aug 21, 2014 8:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: calculators for ARM vs fixed mortgages?
Replies: 13
Views: 1220

Re: Best one-stop company for renters/car/term life insuranc

I think USAA is open to any honorably discharged veteran and then to their families.
by BL
Thu Aug 21, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best one-stop company for renters/car/term life insurance?
Replies: 15
Views: 915

Re: Good place to buy eyeglasses without insurance?

While we are on the subject of glasses, I have never worn any but I have noticed that my vision is not what it used to be (turned 50 a couple of months ago). I think I need both some near vision (reading glasses maybe?) and some for cleaning up the blurriness in the far vision (didn't do very well ...
by BL
Thu Aug 21, 2014 5:15 pm
 
Forum: Personal Consumer Issues
Topic: Good place to buy eyeglasses without insurance?
Replies: 39
Views: 2411

Re: Good place to buy eyeglasses without insurance?

I had new lenses put in an old frame at Sam's Club.

I would guess Flex would work for second pair.
by BL
Thu Aug 21, 2014 4:27 pm
 
Forum: Personal Consumer Issues
Topic: Good place to buy eyeglasses without insurance?
Replies: 39
Views: 2411

Re: Advice on 401k - Traditional vs Roth

We don't know anything about you so it is pretty hard to make suggestions.

You might get something out of this Wiki page:
http://www.bogleheads.org/wiki/Roth_versus_Traditional
by BL
Thu Aug 21, 2014 3:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on 401k - Traditional vs Roth
Replies: 17
Views: 1288

Re: New guy with questions about IRA, Roth, 401k

Perhaps a really short booklet, If You Can , written by Boglehead William Bernstein for beginners would be a good start, as well as the book and Getting Started in the Wiki. https://dl.dropboxusercontent.com/u/29031758/If%20You%20Can.pdf Then, posting all of your information according to http://www....
by BL
Thu Aug 21, 2014 3:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: New guy with questions about IRA, Roth, 401k
Replies: 9
Views: 1049

Re: New Investor!! Did I make a mistake?

Read the 16-page booklet by Boglehead William Bernstein If You Can : http://www.amazon.com/If-You-Can-Millennials-Slowly-ebook/dp/B00JCC5JKI or here: http://efficientfrontier.com/ef/0adhoc/2books.htm Read some recommended books and Getting Started in the Wiki. There is no rush to change things. Avoi...
by BL
Tue Aug 19, 2014 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor!! Did I make a mistake?
Replies: 39
Views: 1564

Re: Resigning- what to do with CALPERS And 457 (small money)

Unless they are already in a Roth I would roll them into a traditional Rollover IRA into a Target Retirement fund or Star, both of which only require $1k instead of $3k to start. Then you could decide to roll them into a Roth if you choose to pay the tax (or roll to TSP). If you have already found o...
by BL
Tue Aug 19, 2014 2:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Resigning- what to do with CALPERS And 457 (small money)
Replies: 5
Views: 534

Re: 20 Year Old With 70k to Invest

Here is a 16-page booklet online (or cheap at Amazon) written just for beginners like you! It is written by a Boglehead, William Bernstein. http://www.etf.com/docs/IfYouCan.pdf If You Can; How Millennials can get rich slowly  Another idea for investing is the Vanguard Target Retirement funds (out-y...
by BL
Tue Aug 19, 2014 2:19 am
 
Forum: Investing - Help with Personal Investments
Topic: 20 Year Old With 70k to Invest
Replies: 49
Views: 2498

Re: Spouse not ready to cut ties with financial advisers

You might want to read this 16-page booklet written for beginners and see if your spouse is interested.http://srv.spulk.com/wjb/if_you_can_v1.pdf

If you Can by William Bernstein
by BL
Mon Aug 18, 2014 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 112
Views: 8751

Re: Beginning Investor Advice

Suggest you look at the 3-fund portfolio: http://www.bogleheads.org/wiki/3-fund_portfolio Also would encourage you to read and watch videos in Wiki, starting with "Getting Started", and read a couple recommended books. There is even an Amazon link here to get you right to them. Good for yo...
by BL
Mon Aug 18, 2014 11:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Beginning Investor Advice
Replies: 6
Views: 588

Re: In-Law Financial Issues (long)

You have received good advice here. Many (most?) of us have loved ones who squander their money (or their life) and we have learned there is almost nothing we can do about it. We can be ready with advice when asked, but being asked is pretty rare and mostly would be when they have reached bottom. Ho...
by BL
Mon Aug 18, 2014 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4159

Re: Helping widowed mother with finances

I also suggest you do only the necessary things for now and give your mother especially time to grieve for perhaps a year. Nothing wrong with putting money in a local bank with little or no interest for the next year. The CD rate is actually quite decent. The 3% might be a good deal but only if she ...
by BL
Sun Aug 17, 2014 11:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping widowed mother with finances
Replies: 8
Views: 703
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