Search found 3892 matches

by BL
Tue Aug 04, 2015 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Partial lump sum payment or standard annuity
Replies: 15
Views: 451

Re: Partial lump sum payment or standard annuity

There is a lot of good information on how to establish one's own pension plan for those who don't have an employer provided one. The theory is to first establish an income floor, that is a minimum amount of income stream that will be sufficient to meet 20-25x one's life expenses in the form of Soci...
by BL
Tue Aug 04, 2015 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Partial lump sum payment or standard annuity
Replies: 15
Views: 451

Re: Partial lump sum payment or standard annuity

I am not sure I understand.
Are you saying you can get the full pension immediately and have the option to reduce the full pension by the amounts given?
by BL
Tue Aug 04, 2015 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Partial lump sum payment or standard annuity
Replies: 15
Views: 451

Re: Partial lump sum payment or standard annuity

I believe the default, especially for a woman, should be to take the pension. You will have extra at first, which should be invested to cover future inflation. Since you don't have SS, this is your lifetime lifeline. Are you in reasonably good health? If you don't expect to live very long, perhaps t...
by BL
Tue Aug 04, 2015 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Buying a variable Annuity
Replies: 21
Views: 1071

Re: Buying a variable Annuity

Thank you for the replies. When I pass if I could pass it to my heirs as a life insurance policy the heirs would avoid the income tax. I am not sure if there is an annuity that while I am alive I take the required distributions pay the taxes but then when I pass it becomes a life insurance. The ann...
by BL
Tue Aug 04, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Help with American Funds please!
Replies: 17
Views: 968

Re: Help with American Funds please!

Agree to asking Vanguard to handle the "transfer in-kind". You will have some paperwork to do, possibly on-line at V. Have the statement in front of you so you can give the account number, funds, and approximate value. I believe they will be able to simply move the American funds directly...
by BL
Mon Aug 03, 2015 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Question
Replies: 7
Views: 302

Re: Tax Loss Harvesting Question

It is usually suggested that you don't hold onto them longer than necessary due to the concentrated risk of losing both your job and the value of you fund at the same time. Perhap a maximum of, perhaps, 5% of your total portfolio would be acceptable.
by BL
Mon Aug 03, 2015 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help with American Funds please!
Replies: 17
Views: 968

Re: Help with American Funds please!

Since you noted your inexperience twice, I wouldn't even bother with a three fund portfolio. Open a rollover IRA at Vanguard, choose the retirement date fund that most closely matches the year of your anticipated retirement, and invest everything in that target date fund. Then do some studying on t...
by BL
Mon Aug 03, 2015 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Question
Replies: 7
Views: 302

Re: Tax Loss Harvesting Question

I believe short term losses are the best since they can offset short term capital gains that don't get CG special rates. If you have no short-term gains, then it may not matter. Anyway I would sell them, especially with ST losses. Will your newer stocks also have a loss?
by BL
Mon Aug 03, 2015 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a variable Annuity
Replies: 21
Views: 1071

Re: Buying a variable Annuity

An annuity means that someone will be paying regular income taxes (not capital gains) on anything that was not previously taxed. So if it is in an IRA, all of it would be taxable either to you or your heirs, with no tax benefits. An IRA has the deferred tax benefits, so there is absolutely no reason...
by BL
Mon Aug 03, 2015 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice on Windfall Inheritance
Replies: 18
Views: 2561

Re: Seeking Advice on Windfall Inheritance

You have received some good ideas to think about here, especially from Lafder (with house in mind) and Scamp (avoiding the unrealistic house plans and instead building a great retirement portfolio) that are both worth taking your time and thinking it through as best you can. Probably either one woul...
by BL
Sun Aug 02, 2015 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: Account and allocation management for automatic deposits
Replies: 8
Views: 404

Re: Account and allocation management for automatic deposits

The simplest, if available, would be to use something like a single Target Retirement fund in each account.
by BL
Sun Aug 02, 2015 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Overall Evaluation Help and Advice on Questions
Replies: 3
Views: 273

Re: Overall Evaluation Help and Advice on Questions

I suggest you do some reading to get an idea about the Boglehead way of investing. The Boglehead's Guide to investing is one good one to get a feel for it and see if it is something you can go with. A quick read for beginners by a recommended author is online or on Amazon.com: http://www.etf.com/doc...
by BL
Sun Aug 02, 2015 10:40 am
Forum: Investing - Help with Personal Investments
Topic: selling stock
Replies: 3
Views: 327

Re: selling stock

I would calculate the basis and capital gains/losses of each lot. I would decide how much capital gains I want to pay taxes on: a dollar amount or to the top of my tax bracket, for example. I would choose the higher basis funds so that I could sell more of them for the same total gain. If I were in ...
by BL
Sat Aug 01, 2015 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: What to do when approaching retirement and 90% is in taxable account
Replies: 7
Views: 1443

Re: What to do when approaching retirement and 90% is in taxable account

http://www.irs.gov/taxtopics/tc451.html To contribute to a traditional IRA, you must be under age 70½ at the end of the tax year. You, and/or your spouse if you file a joint return, must have taxable compensation, such as wages, salaries, commissions, tips, bonuses, or net income from self-employme...
by BL
Sat Aug 01, 2015 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Asking portfolio questions,52 year old needs help !!!
Replies: 7
Views: 854

Re: Asking portfolio questions,52 year old needs help !!!

Here is a little booklet to get you started while you wait for a book:
http://www.etf.com/docs/IfYouCan.pdf
by BL
Sat Aug 01, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Is Indexed Universal Life Insurance Best Legacy?
Replies: 27
Views: 1234

Re: Is Indexed Universal Life Insurance Best Legacy?

I would consider giving the agent a nice tray of cookies, a bouquet of roses, a gift certificate or ticket to something he is likely to enjoy. No need to waste your money on his insurance products which will cost you a lot of unnecessary expense. If you are determined to buy this type of product, th...
by BL
Fri Jul 31, 2015 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: 85 Year Old with $150K to invest
Replies: 12
Views: 1353

Re: 85 Year Old with $150K to invest

You are asking a question that can't be answered in a vacuum. Usually it is suggested to put a windfall in the bank (possibly online bank that pays 1% interest) and do nothing for a while, especially if it is due to the death of a family member. This page in the Wiki addresses windfalls: https://www...
by BL
Fri Jul 31, 2015 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance - Buy House then Reverse Mortgage?
Replies: 13
Views: 1089

Re: Inheritance - Buy House then Reverse Mortgage?

I suggest investigating subsidized housing in her area and finding out the specifics of income and assets. She is close to being of "senior citizen" age and there may be a number of avenues to consider. It is possible that converting assets to income may be to her advantage at some time. A...
by BL
Fri Jul 31, 2015 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance - Buy House then Reverse Mortgage?
Replies: 13
Views: 1089

Re: Inheritance - Buy House then Reverse Mortgage?

Just for another data point, she could buy a SPIA at age 55 for 150k and get $702/month forever. That would leave 50k to invest to cover some inflation.
by BL
Fri Jul 31, 2015 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab vs. Fidelity vs. Vanguard for Advisor Custodian Account
Replies: 15
Views: 861

Re: Schwab vs. Fidelity vs. Vanguard for Advisor Custodian Account

Any specific advantage to this adviser who insists on Schwab?

I would guess you are not looking for no-transaction-fee no-load low-ER index funds or ETFs which are available in each company if you search carefully.
by BL
Fri Jul 31, 2015 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 31
Views: 2535

Re: Which debt to work on next?

I would tackle the smaller school loan and get rid of it. Then the other one. No need to deal with this for another 18 years. Maybe next use the loan payment amounts to hasten your mortgage payoff. Yes, it could make more money in the stock market (probably) but it sounds like you wouldn't make enou...
by BL
Fri Jul 31, 2015 12:17 pm
Forum: Personal Consumer Issues
Topic: Food safety - broken refrigerator
Replies: 18
Views: 882

Re: Food safety - broken refrigerator

I found some websites related to this: http://www.foodsafety.gov/keep/charts/frozen_food.html http://www.ext.colostate.edu/pubs/foodnut/09357.html http://www.foodsafety.gov/blog/poweroutage.html It sounds like if there were ice crystals left you can probably refreeze (eat soon). If thawed you probab...
by BL
Fri Jul 31, 2015 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Advisor Self Interest?
Replies: 15
Views: 921

Re: Advisor Self Interest?

25% FSTVX Fidelity Spartan Total Market Index 0.05% ER 10% FSIVX Fidelity Spartan International Index 0.12% ER. I understand the other Spartan has Emerging markets more like Vanguard Total International. 10% FSMVX Fidelity Mid Cap Value 0.83% Expense Ratio 05% OSMAX Oppenheimer International Small ...
by BL
Fri Jul 31, 2015 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Simplify Investments for DW if I precede her in death
Replies: 22
Views: 1749

Re: Simplify Investments for DW if I precede her in death

This is a very important topic. Thanks for starting it. Some thoughts: 1. If your DW survives you, she will be filing her tax return as "single". Her taxes will be higher. She should be prepared for this. 2. At your death, there is a "step up" in your cost basis. This might allo...
by BL
Thu Jul 30, 2015 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: What to pay down in debt or save up for first.
Replies: 3
Views: 491

Re: What to pay down in debt or save up for first.

Yes, 3 months in emergency fund (maybe 3 more in fixed income in a Roth which hopefully you won't need to access). You probably need to come up with a realistic plan to deal with your current emergency, your possibly terminally ill dog. Your house sounds like another possible emergency! Debt: 1. Mor...
by BL
Thu Jul 30, 2015 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Simplify Investments for DW if I precede her in death
Replies: 22
Views: 1749

Re: Simplify Investments for DW if I precede her in death

Over the last few years, I have greatly simplified our financial life. It seems though that is necessary, but not sufficient. I have always managed both the short term (checking, bill paying, etc.) and the long term finances. More than a year ago, DW began to worry about her ability to do all the f...
by BL
Thu Jul 30, 2015 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: (Updated) To Rollover or To Annuitize? - Ohio STRS Defined Contribution Plan
Replies: 19
Views: 1011

Re: (Updated) To Rollover or To Annuitize? - Ohio STRS Defined Contribution

Also, is there some kind of COLA given with the pension? I suspect the value of the pension is greatly increased with COLA and Joint&Survivor options. I can't imagine a female spouse (younger, especially) signing off on giving away the opportunity for continuing the pension at some level after y...
by BL
Thu Jul 30, 2015 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Sell American Funds?
Replies: 6
Views: 463

Re: Sell American Funds?

Are some of these in a Roth already or is it all in a regular taxable account? I would talk to Vanguard about moving them, and ask them if you should "transfer in-kind" (move American funds to V). If they are already in a Roth, there is no tax-consequence to selling and buying what you wan...
by BL
Thu Jul 30, 2015 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Just made the switch to Vanguard
Replies: 2
Views: 401

Re: Just made the switch to Vanguard

2. How about a Life Strategy Aggressive (80/20 stock/bond) for the Roths until you have enough there to break them out (no rush)? Any Target Retirement date fund would also work (90/10 or lower). I guess you could also put TSM in both to be super agressive until you put more in in January. (to compl...
by BL
Thu Jul 30, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Chip and pin credit cards?
Replies: 15
Views: 1171

Re: Chip and pin credit cards?

I believe the new cards are chip and signature, not chip and pin. I now have two of these that the company decided were better than the old swipe only cards.
by BL
Thu Jul 30, 2015 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: (Updated) To Rollover or To Annuitize? - Ohio STRS Defined Contribution Plan
Replies: 19
Views: 1011

Re: To Rollover or To Annuitize? - Ohio STRS Defined Contribution

There is usually an option to cover spouse at various rates (100%, 50%, etc.). Is this offered and do you have the need to cover spouse? If so, is there a bounce-back to full pension if spouse dies?
by BL
Thu Jul 30, 2015 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Life insurance payment options and what to do with it?
Replies: 6
Views: 465

Re: Life insurance payment options and what to do with it?

Sorry for your loss. Take your time and simply put the money in the bank or credit union for now. Later if you want good advice here, put in your whole situation in the format "asking questions" at the top of help column. Meanwhile, educate yourself as best you can with some recommended re...
by BL
Wed Jul 29, 2015 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: (Updated) To Rollover or To Annuitize? - Ohio STRS Defined Contribution Plan
Replies: 19
Views: 1011

Re: To Rollover or To Annuitize? - Ohio STRS Defined Contribution

I would consider the pension the default unless there is evidence that it wouldn't be as good for you.
by BL
Wed Jul 29, 2015 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Who are you able to share good financial news with?
Replies: 80
Views: 5016

Re: Who are you able to share good financial news with?

Interesting you brought this up. I started my own business at the age of 50 and just last week, at the age of 64, I had an outstanding week of work. Largest client signing up for another three years, etc. and I had the strongest urge to call my parents, but they are deceased. There is no substitute...
by BL
Wed Jul 29, 2015 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: when the rubber hits the road [updated]
Replies: 33
Views: 2760

Re: When the rubber his the road - an update

Thank you for sharing some of this difficult journey. Our best to you.
by BL
Wed Jul 29, 2015 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Looking to Simplify Portfolio
Replies: 41
Views: 2022

Re: Looking to Simplify Portfolio

I guess if you love to pay taxes there is no problem. I prefer to limit that. :) Otherwise I would attempt to place income-producing funds into retirement accounts as much as possible. I understand certain income-producing funds such as REITs should not be in taxable accounts for that reason as wel...
by BL
Wed Jul 29, 2015 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Looking to Simplify Portfolio
Replies: 41
Views: 2022

Re: Looking to Simplify Portfolio

Yes, non-qualified dividends are not considered tax-efficient in general, especially if you don't need them to live on. Take a look at your 1099 and see how much of the dividends are qualified (which are taxed at CG rate). Whatever dividends are not qualified are taxed at your regular tax rate. Als...
by BL
Wed Jul 29, 2015 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Looking to Simplify Portfolio
Replies: 41
Views: 2022

Re: Looking to Simplify Portfolio

Yes, non-qualified dividends are not considered tax-efficient in general, especially if you don't need them to live on. Take a look at your 1099 and see how much of the dividends are qualified (which are taxed at CG rate). Whatever dividends are not qualified are taxed at your regular tax rate. Also...
by BL
Wed Jul 29, 2015 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Starting a retirment account. High expense 457 vs. Roth IRA
Replies: 13
Views: 1009

Re: Starting a retirment account. High expense 457 vs. Roth IRA

I doubt that you can remove money from your 457 until you stop working. See if there is an index fund(s) in your plan. They may be cheapest (low-ER). There is probably also an annual fixed cost to participate in the 457, no matter how little you invest. I recall a plan with $20/year a long time ago.
by BL
Tue Jul 28, 2015 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: 401k and Roth are in Target Date Funds MAXED... What about taxable account?
Replies: 4
Views: 504

Re: 401k and Roth are in Target Date Funds MAXED... What about taxable account?

I have no experience with rentals. Am not handy and wouldn't like those late night calls that the toilet is plugged! I might choose REITs, but not in a taxable account.
by BL
Tue Jul 28, 2015 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401k and Roth are in Target Date Funds MAXED... What about taxable account?
Replies: 4
Views: 504

Re: 401k and Roth are in Target Date Funds MAXED... What about taxable account?

Here are a couple pages you may wish to read in the Wiki: https://www.bogleheads.org/wiki/Principles_of_tax-efficient_fund_placement#Tax_efficiency_of_bonds The 3-fund portfolio (your target fund is mostly this), but you may need tax-free bonds depending on income: https://www.bogleheads.org/wiki/Th...
by BL
Tue Jul 28, 2015 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: When to take Social Security survivor benefit
Replies: 5
Views: 441

Re: When to take Social Security survivor benefit

It is important that you find out what your personal SS PIA would be (assuming you worked at least 40 quarters or ~10 years.) Then you could find out what you would get at age 62 - 66, or 70 there vs. age 60 to 66 for survivor. For example, take SS age 62 to 66 from your earnings, delay survivor's S...
by BL
Tue Jul 28, 2015 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Newlywed and new career--advice for starting out?
Replies: 7
Views: 785

Re: Newlywed and new career--advice for starting out?

I wouldn't listen to your father as expenses matter the most, but that is just me. Only funds I would use in your 401k right now: 1) MM S&P 500 Index (Northern Trust) MIEZX (.23) 2) MM Russell 2000 Small Cap Index (Northern Trust) MCJZX(.25) - 80% S&P + 20% Small = Total US Stock 3) Sel Met...
by BL
Tue Jul 28, 2015 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up new portfolio
Replies: 17
Views: 1168

Re: Setting up new portfolio

Portfolio composition Equity sector diversification Total Stock Mkt Idx Adm as of 06/30/2015 CRSP US Total Market Index as of 06/30/2015 Basic Materials 2.70% 2.70% Consumer Goods 9.80% 9.80% Consumer Services 14.00% 14.00% Financials 19.00% 19.10% Health Care 14.40% 14.30% Industrials 12.30% 12.30...
by BL
Tue Jul 28, 2015 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Taxable income computation by Vanguard
Replies: 25
Views: 1161

Re: Taxable income computation by Vanguard

AFAIK, you report sale of this fund with VARIOUS as date of purchase of the uncovered shares (as one transaction). I suggest you do it on the paper forms using their instructions. You found it: Note. You may aggregate all long-term transactions reported on Form(s) 1099-B showing basis was re...
by BL
Tue Jul 28, 2015 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Looking to Simplify Portfolio
Replies: 41
Views: 2022

Re: Looking to Simplify Portfolio

Since the tax-advantaged funds can be sold without tax consequences, only the taxable account must be considered with regard to cost/benefit concerns: UBS Taxable Account - 31.84% 4.0 % Cash 5.26% American Funds Growth Fund of America (AGTHX) (.66) (+$15,000) 5.21% American Funds AMCAP (AMCPX) (.68)...
by BL
Tue Jul 28, 2015 8:11 am
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6185

Re: wife got in wreck with Honda CRV - no collison coverage

Or, I can get an older used Honda for my wife, as I am nervous about her having another accident and spending money for nothing. I have 2 small children , so I am uneasy about getting a used Honda Fit Sport or something that small for her. I would be even more concerned about the safety of your chi...
by BL
Mon Jul 27, 2015 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Younger guy, could use some advice
Replies: 5
Views: 745

Re: Younger guy, could use some advice

Congratulations on getting a good start on investing! You might want to read this little booklet by a Boglehead-recommended author: http://www.etf.com/docs/IfYouCan.pdf You are fortunate in that you have the Spartan index funds in your IRA as a low-ExpenseRatio choice. The Freedom funds are too expe...
by BL
Mon Jul 27, 2015 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to Simplify Portfolio
Replies: 41
Views: 2022

Re: Looking to Simplify Portfolio

You have taken the first step in getting out of this expensive mess. I realize you are pretty busy but there is a nice little booklet written by one of the recommended authors that put things in a nutshell for new investors: http://www.etf.com/docs/IfYouCan.pdf I suggest you give Vanguard a call wit...
by BL
Mon Jul 27, 2015 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA with Vanguard- Assist with fund choices
Replies: 6
Views: 383

Re: Roth IRA with Vanguard- Assist with fund choices

You might take a look at William Bernstein's little booklet online and decide whether this is suitable and short enough for her to read. It gets through the basics and has additional book suggestions (but not his books!). I believe I read here that he wrote it for his children who were just starting...

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