Search found 3873 matches

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: 5
Views: 116

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: 12
Views: 838

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: 14
Views: 386

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: 12
Views: 566

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: 19
Views: 1239

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: 436

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: 19
Views: 1239

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: 10
Views: 494

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: 427

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: 356

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: 13
Views: 719

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: 10
Views: 494

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: 436

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: 10
Views: 494

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: 71
Views: 4084

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: 2716

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: 1976

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: 1976

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: 1976

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: 972

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: 478

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: 478

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: 424

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: 765

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: 1145

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: 1128

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: 1976

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: 6074

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: 724

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: 1976

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: 376

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...
by BL
Mon Jul 27, 2015 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: What advice would you give...Salary bumping up from 37k to 45k annually
Replies: 15
Views: 1361

Re: What advice would you give...Salary bumping up from 37k to 45k annually

Congratulations! That is indeed a big raise. If you post the available funds, their ticker symbol, and ER% (expense ratio) you can get help here choosing the funds. Usually the Spartan index funds are the low cost ones. Sometimes there are target INDEX funds available but usually the more expensive ...
by BL
Mon Jul 27, 2015 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA with Vanguard- Assist with fund choices
Replies: 6
Views: 376

Re: Roth IRA with Vanguard- Assist with fund choices

I might suggest having her look at the Life Strategy funds and choose one based on desired risk, as having everything crash in a market crash might make it "all your fault!" and create panic as well. They come in Aggressive (80/20 stocks/bonds), moderate (60/40), Conservative (40/60), and ...
by BL
Mon Jul 27, 2015 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Helping Mom - I'm Concerned About Her Advisor
Replies: 24
Views: 1816

Re: Helping Mom - I'm Concerned About Her Advisor

For an example of a moderately aggressive portfolio for her age I would look at Vanguard Life Strategy Moderate (60% stock fund/40% bond fund): Total stock market, total international, total bond, and international bond. I believe this would be something like what the V adviser service would set her...
by BL
Sun Jul 26, 2015 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: I'm a spender?
Replies: 44
Views: 5757

Re: I'm a spender?

I highly recommend you defer taxes by contributing the max 18k to 401k and also save on future tax on gains by contributing 5.5K to Roth IRA by backdoor Roth (see Wiki). I think paying off loans before putting more retirement money into taxable accounts is a very good idea. (Also before going on a s...
by BL
Sun Jul 26, 2015 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard question. What to do with 80,000k in cash
Replies: 11
Views: 1427

Re: Vanguard question. What to do with 80,000k in cash

Here is a short booklet to get you started: http://www.etf.com/docs/IfYouCan.pdf You don't say what your current accounts are in or what their Expense Ratios (ER) are. You need to know exactly what you have and what each ER is, before deciding on going on further. Agree that maxing 401k and Roth IRA...
by BL
Sun Jul 26, 2015 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Expense ratio question
Replies: 12
Views: 878

Re: Expense ratio question

Domer, you have good answers, and you should also know that expenses are taken before the total return is reported. Don't conclude that expenses don't matter and you should only consider total return. If two funds are seemingly identical and have the same return, but one costs 1% more than the othe...
by BL
Sun Jul 26, 2015 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Expense ratio question
Replies: 12
Views: 878

Re: Expense ratio question

It is never higher than the highest nor lower than the lowest. You can't just add up percents!
by BL
Sat Jul 25, 2015 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) loan and I'm changing jobs
Replies: 17
Views: 1148

Re: 401(k) loan and I'm changing jobs

Don't put additional charges on any CC you have a cash advance with or you may be paying charges on that.
by BL
Sat Jul 25, 2015 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Inexperienced Trustee
Replies: 53
Views: 3412

Re: Inexperienced Trustee

The above sounds worthwhile to consider as you could avoid authorities looking over your shoulder and taxes might be better. You could still invest as you decide and for your sister if she agrees; also you or she could also use the 0.3% adviser (or other) mentioned if someone is more comfortable tha...
by BL
Sat Jul 25, 2015 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation / rebalancing with very small portfolio
Replies: 30
Views: 1476

Re: Asset allocation / rebalancing with very small portfolio

You have Spartan funds which usually have a low ER, and are good index funds: SPTN US BOND IDX ADV SPTN TOT MKT IDX ADV SPTN GLB XUS IDX ADV SPTN INTL INDEX ADV I defer to expert opinion that GLB is better. The above is basically the 3-fund portfolio in the % you desire. I don't see much harm in the...
by BL
Sat Jul 25, 2015 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Setting up new portfolio
Replies: 17
Views: 1145

Re: Setting up new portfolio

Agree that you should use whatever you have to put $18k into 401k and $5.5k into Roth IRA. Since you may have to pay a penalty at your age to take extra from the IRA, not sure about doing that. If no penalty, it would just be a break-even: tax on withdrawals, same tax-deferral on 401k contributions....
by BL
Sat Jul 25, 2015 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Inexperienced Trustee
Replies: 53
Views: 3412

Re: Inexperienced Trustee

with over $200K in cash now, awaiting an opportunity to swoop in and buy something marvelous when it is at a low point.

This is good, avoid buying any more until you have decided where to move it. Can you direct them in writing/email to leave it in cash?
by BL
Sat Jul 25, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Inexperienced Trustee
Replies: 53
Views: 3412

Re: Inexperienced Trustee

One balanced fund might work if you can figure out what % of bonds you want. Vanguard Life Strategy Conservative, for instance, is 40% stocks/60% bonds and requires no action except having 6% withdrawn annually if that is the plan. There are other funds with LS income 80% bonds, Target income 70 %,...
by BL
Fri Jul 24, 2015 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Reversion vs. Life Insurance
Replies: 7
Views: 577

Re: Retirement Reversion vs. Life Insurance

You just got a reply from someone who really knows life insurance (mephistophles)!
by BL
Fri Jul 24, 2015 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Reversion vs. Life Insurance
Replies: 7
Views: 577

Re: Retirement Reversion vs. Life Insurance

Does your pension have some kind of COLA increases? Does it have a bounce-back if spouse dies? Do you have various possibilities (100%, 50%, etc)? Does your adviser also sell insurance or investment products (conflict of interest)? Would your spouse have adequate money (retirement funds) to survive ...
by BL
Fri Jul 24, 2015 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Inexperienced Trustee
Replies: 53
Views: 3412

Re: Inexperienced Trustee

One balanced fund might work if you can figure out what % of bonds you want. Vanguard Life Strategy Conservative, for instance, is 40% stocks/60% bonds and requires no action except having 6% withdrawn annually if that is the plan. There are other funds with LS income 80% bonds, Target income 70 %, ...
by BL
Fri Jul 24, 2015 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for First Investments
Replies: 3
Views: 210

Re: Advice for First Investments

Here is some good information for newbies:
http://www.etf.com/docs/IfYouCan.pdf

Suggestions are for retirement investing. Short-mid term (5-10 years) should be quite conservative if you expect it to be available exactly when you want it. Less than 5 years maybe not invest at all.
by BL
Fri Jul 24, 2015 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: 401b or roth 401b
Replies: 3
Views: 257

Re: 401b or roth 401b

There is not enough information. It looks like you would, at age 70+, have about 80k RMD (roughly 4%) + 85% of SS for income, so 22k+ (SD + 2 exemptions) subtracted from that would bring it into the 25% tax bracket. This would increase as you both get older or there is just one survivor. Are you exp...
by BL
Fri Jul 24, 2015 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Son wants to invest
Replies: 7
Views: 807

Re: Son wants to invest

Suggest you also follow the other thread written by a son?
Investing as a High Schooler

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