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Re: W/ AA - consider all accounts as one, including spouse?

She could just buy one life style fund with appropriate AA, unless she wants to take advantage of the special bond fund in the TSP.
by BL
Thu Jul 31, 2014 2:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: W/ AA - consider all accounts as one, including spouse?
Replies: 15
Views: 549

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 In...
by BL
Thu Jul 31, 2014 1:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please give me advice to help my parents
Replies: 8
Views: 803

Re: Question About I-Bonds

I am not sure if the purchase can be completed in just one day. If not, you will have $1500 available Aug 1, 2015, and can sell parts of it leaving at least $25, IIRC, or all of it from then on.
by BL
Thu Jul 31, 2014 8:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Question About I-Bonds
Replies: 10
Views: 670

Re: Help with 401k choices

Good choices. Some would only use 500 and small, 80% to 20% ratio, to cover most of the domestic market. Dividends should not be a concern. You could open a Roth or traditional IRA and buy your bonds there (Vanguard Total Bond, $3,000 min., or a $1000 minimum Target Retirement Income to get some bon...
by BL
Thu Jul 31, 2014 8:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401k choices
Replies: 9
Views: 523

Re: Partial Roth conversion questions

I don't see a problem except if you are in ETFs, I think you trade in terms of how many shares instead of $.

I don't over-convert because I don't want to deal with the slight complication of more tax paperwork.
by BL
Wed Jul 30, 2014 4:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Partial Roth conversion questions
Replies: 7
Views: 585

Re: Need Perspective and Advise

Smart move to check with someone else if you are even considering his proposal. You might want to list here the funds you are invested in and the % in each, if you want another opinion. See Asking Questions sticky at top of Help with Personal Investments to get all of your information together for t...
by BL
Wed Jul 30, 2014 7:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Perspective and Advise
Replies: 11
Views: 635

Re: Purchasing public pension benefits

To answer your question, celia, yes, there is a way to increase survivor benefits to 100% percent by taking a significantly reduced pension. I am not sure what the exact value is. On behalf of your mom, please have them investigate this further. Since the life expectancy of women is 2 or 3 years lo...
by BL
Tue Jul 29, 2014 5:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Purchasing public pension benefits
Replies: 17
Views: 1266

Re: Taking out mortgage with zero down. Smart or no?

Are you just dying to own a home and do yard work, fixing the toilet, etc., every weekend? If so, you can probably risk it, even though you don't have enough back-up funds to cover extra unanticipated costs. Maybe halt any 401k contributions over the match, and wait on IRAs, also cut spending dramat...
by BL
Mon Jul 28, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 63
Views: 2858

Re: Need help rebalancing investments

She could not reinvest in equities, buy what is desired.

She could change 401k or IRAs from stocks to bonds as needed.

She could work toward a simpler portfolio by gradually selling some equities.

What is bank stock? What is in the Roth and where is it?

Search 3-fund portfolio in Wiki.
by BL
Mon Jul 28, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help rebalancing investments
Replies: 4
Views: 437

Re: 401K Target Retirement Fund or Not

Nothing wrong with your choice.

I would also look "under the hood" of Target 2025 and see if that has about the right bond choice. If you like it, you could also use it if you do a Roth or tIRA at Vanguard.
by BL
Mon Jul 28, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K Target Retirement Fund or Not
Replies: 19
Views: 1022

Re: Basically starting over

I believe the I-Bonds can be split up as long as you leave over $25 so you only need to worry about them being in at least a year. So you can put in up to $10k right away if you have the money. I think I would sell stocks right away if that is possible. If You Can How Millennials Can Get Rich Slowly...
by BL
Mon Jul 28, 2014 12:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Basically starting over
Replies: 16
Views: 2876

Re: Fresh Out of College - Advice Appreciated

William Bernstein, a contributor on this forum, has written a 16-page free booklet just for you!
If You Can
How Millennials Can Get Rich Slowly

https://dl.dropboxusercontent.com/u/29031758/If%20You%20Can.pdf

Would definitely get rid of whole life.
by BL
Sun Jul 27, 2014 11:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fresh Out of College - Advice Appreciated
Replies: 12
Views: 1118

Re: Clergy Retirement Investing: 403(b) vs. Roth IRA

If your average salary is on the low end, the social security payments you receive will be a considerable portion of your contribution and would definitely be worth paying now. From http://www.ssa.gov/oact/cola/piaformula.html PIA formula For an individual who first becomes eligible for old-age insu...
by BL
Sun Jul 27, 2014 10:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Clergy Retirement Investing: 403(b) vs. Roth IRA
Replies: 13
Views: 925

Re: Have a million to transfer, thinking of doing 100% stock

You may have some regrets that you don't have some held back when it drops 25-50% and you don't have much available to buy at a bargain. Keeping some dry powder, as they say here.
by BL
Sun Jul 27, 2014 8:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Have a million to transfer, thinking of doing 100% stocks
Replies: 38
Views: 3667

Re: Old people and financial advisors - a family tale

If the conversation comes up again, I wonder if you could get him to tell the adviser he is not to buy or sell anything any more without his specific orders. At least that would stop the churning and if you were a witness you might have a case against the broker if he goes against direct orders.
by BL
Sat Jul 26, 2014 3:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5508

Re: Buying a house and a car

It might be worth checking the PenFed credit union for rates about 1 1/2% for 36 months and even possibly their car-buying service. All it takes for anyone to join is about $25 (contribute to military family organization) and leave at least $5 in the savings account. They also have mortgages if inte...
by BL
Sat Jul 26, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house and a car
Replies: 6
Views: 443

Re: Have a million to transfer, thinking of doing 100% stock

In order to make a good decision, ask the company for an "in force illustration" (Google this). It is possibly that it will cost you more in fees by waiting than you would make in gains in good index funds. Also get the exact dates of when the cost drops. Are you saying it is only a year o...
by BL
Sat Jul 26, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have a million to transfer, thinking of doing 100% stocks
Replies: 38
Views: 3667

Re: Where would you put 30k for a 70 yo first time investor?

There is no language problem in Target Retirement Income or Wellesley/Wellington. Or how about 15k in CDs and 15k in Life Strategy Aggressive? Or even 20k in CDs and 10k in Total Stock Market? You may have to play around with getting an acceptable terminology. It is not good to jump into things, goi...
by BL
Sat Jul 26, 2014 1:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where would you put 30k for a 70 yo first time investor?
Replies: 13
Views: 1438

Re: Have a million to transfer, thinking of doing 100% stock

I suggest being very cautious for at least 10 years and until you have gone through a very serious bear market where stocks drop 50% and may or may not recover. One of the experts mentioned here suggests never less than 25% stocks nor more that 75%. That might be just right for you. You don't need t...
by BL
Sat Jul 26, 2014 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have a million to transfer, thinking of doing 100% stocks
Replies: 38
Views: 3667

Re: RMD's

I have Vanguard calculate the RMD (single IRA so all in one place) and then sell the rounded up amount and buy the same amount in a taxable fund. I usually do it late in the year to allow for possible increase and to see if Congress will re-instate the QCD (qualified charitable distribution) where y...
by BL
Sat Jul 26, 2014 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: RMD's [Required Minimum Distributions]
Replies: 11
Views: 1062

Re: Have a million to transfer, thinking of doing 100% stock

I think this 16-page might be very helpful: https://dl.dropboxusercontent.com/u/29031758/If%20You%20Can.pdf
If You Can by Boglehead William Bernstein. Also available at Amazon.com for Kindle.
by BL
Sat Jul 26, 2014 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Have a million to transfer, thinking of doing 100% stocks
Replies: 38
Views: 3667

Re: Help me save my parents from Merrill Lynch

You might give them Boglehead's Guide to Retirement Planning but, beyond that, unless they ask for help you are not in a position to make their decisions. No kid of mine is going to tell me what to do!
by BL
Sat Jul 26, 2014 9:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me save my parents from Merrill Lynch
Replies: 54
Views: 5409

Re: Need Investing Advice

The Wiki also lists the same 3 Spartan funds here: http://www.bogleheads.org/wiki/3_fund_portfolio
They are much cheaper and simpler to understand than what you have now. Just don't get suckered in to pay for management or load funds there.
by BL
Fri Jul 25, 2014 9:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Investing Advice
Replies: 17
Views: 1464

Re: New investor with an unexpected windfall

I think you can get a one-time investing advice at Vanguard for about $250. You could try that and bring back suggestions here to see what "we" say. The good thing about getting advice there is that there are no expensive funds available, so the advice should at least be honest rather than...
by BL
Fri Jul 25, 2014 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor with an unexpected windfall
Replies: 16
Views: 1756

Re: Geneological research for unclaimed property

If you know the town or county and state where the person lived, consider contacting the library, funeral homes, and perhaps the local Historical Society regarding obituaries and any other information. The library may have local newspapers available and/or microfilm available or it could be ordered...
by BL
Fri Jul 25, 2014 12:40 pm
 
Forum: Personal Consumer Issues
Topic: Geneological research for unclaimed property
Replies: 77
Views: 3447

Re: Grad student with assets, family, and plans

I think you should do some planning for your shorter and longer term needs. Raising kids is never cheap. Term Life insurance and disability insurance might be top of the list. Putting money into 529 when you have higher income is good. You definitely want to cover your own retirement before giving a...
by BL
Fri Jul 25, 2014 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grad student with assets, family, and plans
Replies: 8
Views: 929

Re: Geneological research for unclaimed property

If you know the town or county and state where the person lived, consider contacting the library, funeral homes, and perhaps the local Historical Society regarding obituaries and any other information. The library may have local newspapers available and/or microfilm available or it could be ordered....
by BL
Fri Jul 25, 2014 1:03 am
 
Forum: Personal Consumer Issues
Topic: Geneological research for unclaimed property
Replies: 77
Views: 3447

Re: AA for a spoiled young buck

I see you have a Roth 401k. You could lower your taxable income by 17,500 @ 25% if in a traditional 401K which would give you more space for cashing in some of your high-ER funds in taxable @ 15% and pay less taxes if you do it over this year and next year. $64,550* income would bring you to top of ...
by BL
Thu Jul 24, 2014 5:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA for a spoiled young buck
Replies: 26
Views: 3846

Re: Advice wanted on first computer purchase since 1982!

Problem is that I am feeling overwhelmed by decision fatigue. It just hit this morning that in the last year since my husband died, I have had to make far more decisions all by myself than I ever had in my life before. I think what you are experiencing may be why the advice is given about keeping d...
by BL
Thu Jul 24, 2014 4:22 pm
 
Forum: Personal Consumer Issues
Topic: Advice wanted on first computer purchase since 1982!
Replies: 105
Views: 5708

Re: Rich Spouse, Poor Spouse

It doesn't hurt to calculate them separately (MFJ) to get an idea of where you are. If it costs more that way it doesn't make sense to me to file separately. I know of one case where he filed separately because he didn't think that the way she was doing it was legal and he wanted no part of it. Ther...
by BL
Thu Jul 24, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 5222

Re: Please Help with Mom's Variable Annuity and Budget

Give you all credit cards or cut them up. You seem to have a handle on possibilities. Not sure if bankruptcy should be an alternative. Tough decisions, and she will continue unless she gets on a cash budget. If she merely cashes in the VA she may soon be in the same situation with no back-up VA. Wit...
by BL
Thu Jul 24, 2014 11:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Mom's Variable Annuity and Budget
Replies: 13
Views: 846

Re: Does a 401k plan cost an employer money?

You might end up as some do with 2 retirement programs with at least 35k to deduct. I would say that may not be fair to others who don't have access to 2 or even 1 program.
by BL
Thu Jul 24, 2014 11:00 am
 
Forum: Investing - Theory, News & General
Topic: Does a 401k plan cost an employer money?
Replies: 32
Views: 1747

Re: Buying a car- 2011 Lexus IS 250 9k miles

How much have you saved up for a car?
by BL
Thu Jul 24, 2014 12:21 am
 
Forum: Personal Consumer Issues
Topic: Buying a car- 2011 Lexus IS 250 9k miles
Replies: 27
Views: 2041

Re: Does a 401k plan cost an employer money?

Consider a Roth (or traditional) IRA at Vanguard if you have W-2 income.
by BL
Thu Jul 24, 2014 12:15 am
 
Forum: Investing - Theory, News & General
Topic: Does a 401k plan cost an employer money?
Replies: 32
Views: 1747

Re: Please recommend a low fee index fund with no min. inves

The Target Retirement funds at Vanguard have a $1,000 minimum, as does the active balanced Star account. Then add in $100 increments.
by BL
Wed Jul 23, 2014 7:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please recommend a low fee index fund with no min. invest.
Replies: 15
Views: 1490

Re: How to cash in Savings bonds (from 80s)

Contact local banks first to see if they will cash them. I doubt they would intentionally defraud you.

http://www.treasurydirect.gov/ is the official site.
by BL
Wed Jul 23, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to cash in Savings bonds (from 80s)
Replies: 14
Views: 1557

Re: Reaching Severe Burnout - Can I Scale Back Career?

Think about what you would like to be doing. Is it possible to talk to your boss about slowing down or transferring to a different job with the company? If you have been there long enough they may want to keep you in whatever area you are willing to work. Also network and find out what is out there....
by BL
Wed Jul 23, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 48
Views: 5052

Re: What to do with additional income?

Wow! You are really planning to bet it all on one undiversified stock (in the same company as your job!) Look up Enron and Worldcom to see what could happen. You mention several critical things that need your attention first: emergency fund, High-interest second mortgage, 401k only up to match, no I...
by BL
Wed Jul 23, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do with additional income?
Replies: 5
Views: 497

Re: So how long will I live? How long do I plan for?

In looking at recent local obituaries, they ranged from 8 to 108 in age, with several in the 90's.
I think 100 for a couple might be a reasonable choice; who wants to run out of money when you are old?
by BL
Wed Jul 23, 2014 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: So how long will I live? How long do I plan for?
Replies: 55
Views: 4345

Re: Computer Fried By Lightning - Security Question

I have a Chromebook but hadn't really thought of its advantage for accessing sensitive material. Will have to think about that some more. It does at least 95% of the work I need it to do, but my spouse prefers the desktop. I got it because of virus security, ease of travelling with it, cost ($250), ...
by BL
Wed Jul 23, 2014 7:57 am
 
Forum: Personal Consumer Issues
Topic: Computer Fried By Lightning - Security Question
Replies: 15
Views: 1187

Re: Computer Fried By Lightning - Security Question

I would definitely change all passwords, especially for any financial or other very important websites.
by BL
Wed Jul 23, 2014 6:41 am
 
Forum: Personal Consumer Issues
Topic: Computer Fried By Lightning - Security Question
Replies: 15
Views: 1187

Re: Using retirement assets and inheritance wisely

perhaps a portion of his civilian pension. We've yet to decide how to designate that when he retires.


It is too late for any SBP but would strongly encourage that he select a good survivor benefit from this pension. Does it have a COLA? Consider it as purchasing a SPIA with the extra cost.
by BL
Tue Jul 22, 2014 5:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using retirement assets and inheritance wisely
Replies: 12
Views: 1766

Re: Helping My Grandmother

If she is able to work some, Experience Works (formerly Green Thumb) for seniors may help her get a job.
See http://www.experienceworks.org/site/PageServer?pagename=State_New_Jersey_Home_Map
by BL
Tue Jul 22, 2014 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3185

Re: Advice for First-Time Investors

Since you say 25% bracket, you are making over 94,100 this year, is that correct? (Many forget about the exemptions and Standard Deductions when calculating tax brackets.) I-Bonds (10k/person/year) could also be used to save for house; see http://www.treasurydirect.gov/ Besides the recommended books...
by BL
Tue Jul 22, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for First-Time Investors
Replies: 19
Views: 2327

Re: Is a "split-personality" approach Boglehead-compatible?

Welcome to the Bogleheads forum. It is an honor to have you here. If you take all Bogleheads, you might find a split-personality here, as we all have our individual methods of investing, even though the low-cost, diversified, index funds tend to prevail. We also may have spouses and work out somethi...
by BL
Mon Jul 21, 2014 6:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is a "split-personality" approach Boglehead-compatible?
Replies: 20
Views: 1848

Re: College Kid Looking for some Vanguard Advice

Yes, the Life Strategy Aggressive is 80% equities (stocks) and TR out-years are 90% equities, so they are definitely more than a little risk. They are made up of the Total Stock Market, Total International Stock Market, Total Bond Market, and also have added international bonds, all in various propo...
by BL
Mon Jul 21, 2014 11:37 am
 
Forum: Investing - Help with Personal Investments
Topic: College Kid Looking for some Vanguard Advice
Replies: 7
Views: 908

Re: Helping My Grandmother

I agree that she can't afford to invest. If she insists, the Life Strategy Income (20% equities) is the absolute most I would go with. I don't see what advantage there would be in paying down mortgage. She needs the money to be available for emergencies, or at least in CDs (unless that scoundrel unc...
by BL
Sun Jul 20, 2014 6:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3185

Re: College Kid Looking for some Vanguard Advice

Here is a 16-page booklet written just for you, see the author's thread here: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=143177&newpost=2127333 Also take a look at the Wiki here starting with Getting Started. There are also some good videos and recommended books. Starting with a Li...
by BL
Sun Jul 20, 2014 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: College Kid Looking for some Vanguard Advice
Replies: 7
Views: 908

Re: Help with a retiring parent's portfolio

You will want to get the tax basis for all the stocks to aid in your decisions based on tax costs. Also stop reinvesting in everything for now. See the three-fund portfolio for a good, simple, diversified portfolio. That is also pretty much what the Vanguard Target funds are. -401k (current employer...
by BL
Sun Jul 20, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with a retiring parent's portfolio
Replies: 5
Views: 910

Re: beginner investor

Don't forget that you have until April 15, 2015 to do the 2014 Roth IRA. Filling the Roth when you can, even if kept in a low-yield fund (Target Retirement Income (30% equities)) to use as an emergency fund, would be great, especially if you expect very high earnings in the future. Getting rid of th...
by BL
Sun Jul 20, 2014 12:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: beginner investor
Replies: 5
Views: 448
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