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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: 1499

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: 514

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: 2279

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: 94
Views: 5821

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: 575

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: 4038

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: 662

Re: Spouse not ready to cut ties with financial advisers

You will want to get the basis for your taxable funds now, if you don't have it, so you know what the tax cost will be when/if you sell them. Sometimes when you transfer them in-kind, it is difficult to get it after the fact. If they don't reveal loads, maybe you can check your original cost to buy ...
by BL
Sun Aug 17, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 94
Views: 5821

Re: Finished BogleHeads Guide, Suggestions?

The Bogleheads' Guide to Investing has just been revised. Click on Amazon from this site.

Take a look at the Wiki here. Start with Getting Started.
by BL
Sat Aug 16, 2014 6:00 pm
 
Forum: Investing - Theory, News & General
Topic: Finished BogleHeads Guide, Suggestions?
Replies: 7
Views: 668

Re: Should I Invest in both T-IRA & R-IRA?

for tax bracket now $73,800 taxable income = 2014 top of 15% bracket + $12,400 standard deduction (or itemized) + $7,900 two personal exemptions + $2,400 special deduction for 65-and-over crowd because they're so special + $3,950 your child's exemption -------------- $96,500 gross income $98,05...
by BL
Sat Aug 16, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1234

Re: Help a 19 year old with long term investing porfolio

You don't say if you are also attending college or other training, but that would be investing in your human capital which could be worth much more in the long run.

There is a long thread and a Wiki page on the 3-fund portfolio:
http://www.bogleheads.org/wiki/3-fund_portfolio
by BL
Fri Aug 15, 2014 10:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a 19 year old with long term investing porfolio
Replies: 21
Views: 910

Re: Should I Invest in both T-IRA & R-IRA?

Since you would be getting tax back with a t-IRA (if deductible), you would need to consider adding that amount into taxable to have a comparable amount saved to a Roth IRA. That is, you need to compare the growth of both with a Roth to compare fairly. If you can easily fill all the tax-advantaged a...
by BL
Fri Aug 15, 2014 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in both T-IRA & R-IRA?
Replies: 34
Views: 1234

Re: Need Advice RE Investment Advisor...or not

I believe you can also get free (or at most $250) advice at Vanguard with $500k+ funds there. Also they will manage for 0.3% if you choose to go that way. The 3-fund portfolio would be fairly simple. Target R. 2020 or so would be fine, as would Life Strategy moderate, or Welllington or Star. All are...
by BL
Fri Aug 15, 2014 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Advice RE Investment Advisor...or not
Replies: 10
Views: 729

Re: Should I simplify my portfolio?

I understand the Spartan funds at Fidelity are more or less equivalent to Vanguard index funds and would work fine. As I get older, I don't want to even be there because there are salespersons who push the costlier funds to benefit themselves and in a vulnerable moment perhaps I could be convinced, ...
by BL
Wed Aug 13, 2014 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio?
Replies: 11
Views: 1218

Re: Should I simplify my portfolio?

You are likely to get better advice if you follow the format in Asking Questions http://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 This puts together all the items that are needed to get your overall picture which people look for when giving advice. It may seem like a lot of work but it a...
by BL
Wed Aug 13, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio?
Replies: 11
Views: 1218

Re: Maxed Out & Stressed Out

Total Stock market and total international along with tax-exempt bond funds might do fine. This also might be a possibility for a single balanced fund to go with your GNMA: https://personal.vanguard.com/us/funds/snapshot?FundId=0103&FundIntExt=INT#tab=0 Vanguard Tax-Managed Balanced Fund seeks t...
by BL
Sun Aug 10, 2014 8:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maxed Out & Stressed Out
Replies: 14
Views: 3444

Re: Advice? About to buy VTSMX as my first fund

The most important thing to know is this: Contributions (that is, the money that you put into your Roth) can come out at any time, free of taxes and penalties.


from: http://www.obliviousinvestor.com/roth-ira-withdrawal-rules/

or look up IRS website.
by BL
Sun Aug 10, 2014 2:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice? About to buy VTSMX as my first fund
Replies: 11
Views: 1450

Re: Advice? About to buy VTSMX as my first fund

Sounds ok, but I would put it into a Vanguard Roth IRA where it grows tax-free forever, and yet the contributions (not the growth) are available for your use without penalty. It will be there for your use, but if you don't need it would be available in the future tax-free.
by BL
Sun Aug 10, 2014 12:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice? About to buy VTSMX as my first fund
Replies: 11
Views: 1450

Re: RMD & Social Security

Sounds like the only thing you have to decide is when to draw ss.

A gov. 457 can be rolled into a regular IRA if desired.
by BL
Fri Aug 08, 2014 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: RMD & Social Security
Replies: 7
Views: 942

Re: RMD & Social Security

As far as I know, this is not considered compensation for SS benefits. I though you were going to ask if it affects taxibility of SS, which it does; you may be taxed on up to 85% of SS if your income is not there already, so only 15% may not be taxable.
by BL
Thu Aug 07, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD & Social Security
Replies: 7
Views: 942

Re: Too many goals - where do I start?

Fantastic! Are you s ure it matches greater than 6%? If so, you can hardly not invest the max if you have it! Don't believe I have heard of that before. Can you list all the fund names with ERs and symbols? The index funds like Vanguard are often the lowest cost (ER). The 3-fund portfolio is fine i...
by BL
Sun Aug 03, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too many goals - where do I start?
Replies: 53
Views: 3858

Re: Caring for Parents

Call_Me_Op wrote:Sounds like you need to keep this liquid. Best approach may be to find a relatively high-yield bank account and keep it there.

+1
by BL
Sun Aug 03, 2014 9:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Caring for Parents
Replies: 4
Views: 533

Re: Investing for Someone else

Solid advice everyone thanks. Sorry I wasn't clear I just figured it would be easier. Yes, my mother would be doing all of the investing herself, I'll just help her along the way with the info I read here... They make too much for a Roth IRA and their current employer doesn't offer 401k. Their IRAs...
by BL
Sun Aug 03, 2014 7:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing for Someone else
Replies: 29
Views: 1651

Re: Investing for Someone else

I get the impression that he has a gambling day-trading problem. It is fine if he doesn't want to reveal his finances to you, but it is too bad if he does not reveal it even to his spouse. Is this a cultural thing? Are they each putting in $23,000 into 401ks? Are they eligible to put money in a Roth...
by BL
Sun Aug 03, 2014 12:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing for Someone else
Replies: 29
Views: 1651

Re: Investing Account Advice

There are also special rules that relate to separated parents and married couples who live apart from each other. Taxpayers who qualify for the Head of Household filing status benefit from a higher standard deduction and wider tax brackets compared to the single filing status. The criteria for head...
by BL
Sat Aug 02, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Account Advice
Replies: 10
Views: 921

Re: Too many goals - where do I start?

Does your employer really match 50% all the way to the max contribution of 17.5k a year? If so, that is a spectacular deal. Once you have built up an emergency fund, max out your 401k. What investing options do you have in there? Thank you! Yep, they match 50 cents on the dollar up to the IRS max a...
by BL
Sat Aug 02, 2014 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too many goals - where do I start?
Replies: 53
Views: 3858

Re: Riding Mower Help Needed

Here is a new one on the market: Altoz (some or all are ZTR)
http://www.greenindustrypros.com/news/11210831/altoz-precision-mowers-gieexpo-2013
by BL
Sat Aug 02, 2014 12:27 pm
 
Forum: Personal Consumer Issues
Topic: Riding Mower Help Needed
Replies: 44
Views: 2267

Re: Risk Averse Start

Here is another super-short 16-page booklet free online by Boglehead William Bernstein: If You Can: How Millennials Can Get Rich Slowly https://dl.dropboxusercontent.com/u/29031758/If%20You%20Can.pdf Sounds like you are wise in watching out for things that are "sold" rather than sought and...
by BL
Sat Aug 02, 2014 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Risk Averse Start
Replies: 28
Views: 2010

Re: My IPS in computer pseudocode

Good way to practice your thought processes to help you follow through. Grandkids in Science Olympiad do something like "Write it, Do it". It is probably not in code, but is good mental practice of precise writing so that someone (else) can follow the directions precisely.
by BL
Sat Aug 02, 2014 10:17 am
 
Forum: Investing - Help with Personal Investments
Topic: My IPS in computer pseudocode [Investment Policy Statement]
Replies: 18
Views: 1659

Re: Variable annuities & managed accounts

If you don't get responses you might want to start a new thread instead of an old one. You might want to post the exact name and company to get better advice. Is it beyond the penalty time for cashing it in? There is an upper limit to gains so you don't get all the stock market gains, but I would gu...
by BL
Sat Aug 02, 2014 7:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Variable annuities & managed accounts
Replies: 15
Views: 1724

Re: Need Perspective and Advise

Plan to put off SS until I am 66, then file and suspend and claim 1/2 my wife's SS award. You have the right idea. Not sure about the method. If wife is drawing her ss, you can claim just spousal at your FRA and then claim yours at 70 or whenever you choose. I believe the file and suspend would be ...
by BL
Fri Aug 01, 2014 11:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Perspective and Advise
Replies: 21
Views: 1807

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: 23
Views: 1081

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: 10
Views: 1334

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: 785

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: 678

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: 629

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: 21
Views: 1807

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: 1314

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: 64
Views: 3238

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: 445

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: 1070

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: 17
Views: 3560

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: 1187

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: 16
Views: 1295

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: 3776

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: 5685

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: 453

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: 3776

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: 1464
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