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Re: Still having a hard time on retiring

It sounds to me like you could be vulnerable to suggestions by a broker friend to manage your funds or sell you other products like annuities or life insurance. The important thing is not to make a bad move, as you should have plenty if you do reasonable things with your finances. Keep costs low. If...
by BL
Sat Apr 18, 2015 12:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 15
Views: 2046

Re: Debt Free...Now What?

Good for you to have paid off the loans! Here is a little booklet to get you started: http://www.etf.com/docs/IfYouCan.pdf Also the Wiki here has Getting Started, and has videos and recommended books. The 3-fund portfolio is simple, diversified, & low-cost (low ER): https://www.bogleheads.org/wi...
by BL
Fri Apr 17, 2015 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt Free...Now What?
Replies: 8
Views: 976

Re: Stocks are on sale, should I buy?

We (in retirement) just put a little dab in today (rather than yesterday or next Monday) because it is fun to get a little on sale, even though, in the long run, it won't make any real difference. So if you have some extra, and it fits your overall plan, use this as an incentive to buy it "on s...
by BL
Fri Apr 17, 2015 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 28
Views: 2580

Re: Should I purchase an Umbrella policy?

I remember what it is like to not have much extra income each month but just enough to pay the bills. IMHO you are being "sold" an umbrella policy. The agent will make a commission on it. I believe that is why he has mentioned this to you. Also you have to buy renters insurance too…. anot...
by BL
Fri Apr 17, 2015 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I purchase an Umbrella policy?
Replies: 43
Views: 3571

Re: How to (diplomatically) challenge wife's active mgmt fun

I just wanted to mention that many of us here have learned not to have this discussion with adult children, friends, parents, or other relatives unless asked. It just is not accepted nor wanted. Perhaps that is why we are so eager to help when someone comes on here and actually asks for help! Otherw...
by BL
Fri Apr 17, 2015 11:59 am
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 81
Views: 4007

Re: Investment made for emotional reasons--do they work out?

I would not consider the purchase of a house with no rental income to be an investment at all. It sounds like an expensive way to make life easier temporarily for an older woman. Someone in mid-80's may not have that many years of independent living left before physical/mental problems make this imp...
by BL
Fri Apr 17, 2015 7:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment made for emotional reasons--do they work out?
Replies: 8
Views: 716

Re: How to (diplomatically) challenge wife's active mgmt fun

I would be watching to see that funds are not churned (bought and sold to generate load profits for him/her). If the only cost is the load on money you contribute + the 12b-1 kickback from the company (hopefully not more than 0.25%/year) + X$ annual fee, I don't think you can make it much better. Wh...
by BL
Fri Apr 17, 2015 7:34 am
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 81
Views: 4007

Re: Turning 21, help organizing

You are very fortunate to have a starter Roth and other funds. Read Getting Started in the Wiki and look at the videos and read the recommended books. Have you read this little booklet: http://www.etf.com/docs/IfYouCan.pdf Don't fall in love with individual stocks. This might be a great year to sell...
by BL
Fri Apr 17, 2015 12:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Turning 21, help organizing
Replies: 3
Views: 408

Re: Should I Refinance?

I see PenFed has a 10-year fixed loan for 2.750% with 1% origination fee or 15-yr for 2.625% with 1%. Not sure why the 15-yr is lower.
by BL
Thu Apr 16, 2015 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance?
Replies: 5
Views: 535

Re: Don't have a plan, what to do with my money?

You are doing great to be saving so much! First, do you have your cash in high-interest savings accounts or 1 or 2 year CDs? I believe Bankrate.com is one place to find such mostly online banks. You could also search the posts here. This is considered taxable accounts because you pay tax on profits ...
by BL
Thu Apr 16, 2015 10:41 pm
 
Forum: Personal Consumer Issues
Topic: Don't have a plan, what to do with my money?
Replies: 12
Views: 1395

Re: Help with personal retirement planning

Yes contribute as much as you can up to 18,000/year to the 401K. Depending on how high you are into the 25% tax bracket, you could get a tax savings of 25% federal + X% state tax. Large US Equity: LargeCap S&P 500 Index Separate Account 0.31% Small /Mid US Equity: MidCap S&P 400 Index Separ...
by BL
Thu Apr 16, 2015 7:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with personal retirement planning
Replies: 20
Views: 1723

Re: Newbie needing advice on investment

My opinion would be to avoid the Roth TSP until you have paid off the higher interest loans. In fact, by changing to traditional TSP, you would be saving 25% fed + X$ state, about enough to pay off the two higher interest loans. Using a balanced fund both places would be a simple good solution. (L T...
by BL
Thu Apr 16, 2015 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie needing advice on investment
Replies: 4
Views: 402

Re: How to (diplomatically) challenge wife's active mgmt fun

I suspect you yourself are not in a simple 3- or 4-fund portfolio. Perhaps getting an analysis here according to Asking Questions might be a useful and productive exercise. Just because you are using index funds doesn't mean a lot if you are all over the place without a plan (not saying you are). If...
by BL
Thu Apr 16, 2015 10:29 am
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 81
Views: 4007

Re: Stay in trust or "Mega back door Roth"

It sounds like a good way to get it out from under expensive trust and trust funds and into a Roth eventually. Do you have or can you get the authority to do it?
by BL
Thu Apr 16, 2015 1:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Stay in trust or "Mega back door Roth"
Replies: 4
Views: 720

Re: Can I open solo 401K on 2500$ self employed income

Find out if your current employer will allow you to rollover the IRA when you are eligible to contribute. That might be simplest for the small dollar amount you are dealing with. However, also research it to find out if the offer low-ER funds to be worth rolling to.
by BL
Thu Apr 16, 2015 12:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I open solo 401K on 2500$ self employed income
Replies: 18
Views: 1262

Re: How to (diplomatically) challenge wife's active mgmt fun

I agree on not trying too hard to change her since it is such a small part of your portfolio. Nevertheless, I would want to try something. Look at the Wiki 3-fund portfolio and find the low-cost Spartan funds that work nicely at Fidelity or the 3 Vanguard funds at Vanguard (or single Target/Life Str...
by BL
Wed Apr 15, 2015 11:33 pm
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 81
Views: 4007

Re: Can I open solo 401K on 2500$ self employed income

Be sure to ask the company if you can roll an IRA into it. Seems like I read that Vanguard doesn't allow it but Fidelity does.
by BL
Wed Apr 15, 2015 8:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I open solo 401K on 2500$ self employed income
Replies: 18
Views: 1262

Re: Can we afford [a masters degree]?

AWH_CPA wrote:What's the expected salary increase she would receive?


How many years at her current job to recoup the cost of the Masters? Is she tenured?
by BL
Wed Apr 15, 2015 8:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford [a masters degree]?
Replies: 26
Views: 1676

Re: Tax advantaged savings beyond SIMPLE IRA

This is not your question, but there are threads here about moving Simple IRA money to a traditional IRA after 2 years rather than waiting until no longer employed. This would help those who have bad (expensive) Simple IRAs.
by BL
Wed Apr 15, 2015 2:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax advantaged savings beyond SIMPLE IRA
Replies: 9
Views: 572

Re: Count Pension + SS as part of the Bond portion of AA?

Whatever she is comfortable with is the right portfolio. It may be either high or low. When she is 70 1/2 she will start withdrawing at nearly 4%/year, increasing with time. She could start withdrawing earlier, of course. So she is looking at income for extra spending and possibly future medical/lon...
by BL
Wed Apr 15, 2015 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Count Pension + SS as part of the Bond portion of AA?
Replies: 31
Views: 2017

Re: Tax advantaged savings beyond SIMPLE IRA

I may not be in the US sometime in the next 5-10 years Does this mean you may not be living and paying income taxes in the USA during retirement? If you are a citizen of another country, you might get more country specific advice by adding the country in your Subject. HSA could be used for anything...
by BL
Wed Apr 15, 2015 8:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax advantaged savings beyond SIMPLE IRA
Replies: 9
Views: 572

Re: Regaining control of an investment from an advisor

Yes, list all available funds, their ticker symbol, and their ER in the format of the link given above. Also, get papers together and read all the paperwork you signed with this adviser. You are smart to get away from them if they are charging extra or putting you in expensive annuities. However, dr...
by BL
Tue Apr 14, 2015 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Regaining control of an investment from an advisor
Replies: 4
Views: 597

Re: Advice on investing (no career path) 28 yrs old

I think you have lots of skills that don't involve investing other people's money and should go there. Computer skills seem to be part of your skill set. Perhaps there are part-time jobs you could do; also check out community colleges for certificate training in some computer skills. Look for all th...
by BL
Tue Apr 14, 2015 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on investing (no career path) 28 yrs old
Replies: 17
Views: 1187

Re: Wm. J. Bernstein's "If You Can"

I also think it is great. It is also available on Amazon kindle cheap. It is a good review for anyone who has doubts about what they should do.
by BL
Tue Apr 14, 2015 2:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wm. J. Bernstein's "If You Can"
Replies: 3
Views: 801

Re: 401k funds advice

It looks like you might be about 13% fixed income in the 2040 fund. Is that the current % you have (are bonds anywhere else or CDs for retirement) and is that your preferred number? It seems aggressive to me for age 40. You have some good choices here. If you keep adding equities in Roth and keeping...
by BL
Tue Apr 14, 2015 2:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k funds advice
Replies: 6
Views: 459

Re: Considering Doing My Own Investing...but I'm not sure I

Thank you for detailing your moves. You did very smart moves and are well on you way to a better financial position. So far you have avoided glitches but even if they should come up I think you now are ready to handle everything with the help of Vanguard.
by BL
Tue Apr 14, 2015 10:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering Doing My Own Investing...but I'm not sure I shou
Replies: 49
Views: 4904

Re: I... must... stop... Spending!

Do what you need to do.

Are you saving all you can in 401k and Roth IRA?
by BL
Tue Apr 14, 2015 9:06 am
 
Forum: Personal Finance (Not Investing)
Topic: I... must... stop... Spending!
Replies: 25
Views: 3724

Re: Low fees vs. tax deferred bond allocations

I am looking for advice with respect to re-balancing my existing investment portfolio. I am overweighted in US equity and am looking to reallocate into bond funds. However, my tax deferred investment choices for bond funds in my 401K, IRA and HSA do not include low cost funds/indexes, with the lowe...
by BL
Tue Apr 14, 2015 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Low fees vs. tax deferred bond allocations
Replies: 10
Views: 676

Re: TAXES...oh...taxes...

You chose the three best funds (well, maybe Total Bond is all that is needed for bonds, even by paying taxes there you might come out ahead) for taxable. There is a good chart on this Wiki page for tax-efficient placement: https://www.bogleheads.org/wiki/Principles_of_tax-efficient_fund_placement Ar...
by BL
Tue Apr 14, 2015 7:55 am
 
Forum: Investing - Help with Personal Investments
Topic: TAXES...oh...taxes...
Replies: 27
Views: 2859

Re: Should I be doing something differently?

There are no ERs so can't tell much. The Vanguard looks interesting (0.35% ER where I looked it up, but it might be different) and the 3% fixed income one.
by BL
Mon Apr 13, 2015 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I be doing something differently?
Replies: 14
Views: 1482

Re: Need tax breaks for this year?

I don't think you should worry so much about taxes and just be smart about your financing, such as setting up an emergency fund and getting the best solution on your mortgage, and doing some 401k or IRA if possible. If you bring AGI below 30,500 you might get 10% of 2,000, or $200 credit for the 401...
by BL
Mon Apr 13, 2015 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Need tax breaks for this year?
Replies: 19
Views: 1089

Re: Does anyone use myRA?

No experience here. Have you gone to the treasury site and gone through the process?
https://myra.treasury.gov/
by BL
Mon Apr 13, 2015 8:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Does anyone use myRA?
Replies: 4
Views: 877

Re: Should I be doing something differently?

I think you must still be in the 15% tax bracket. the Taxable income can be up to ~73k + 8k for 2 exemptions + 12k standard deduction, so you could be earning ~93k and still be at 15%. Contributions to 401k would allow still more gross income. You could probably even do deductible IRAs but their are...
by BL
Mon Apr 13, 2015 1:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I be doing something differently?
Replies: 14
Views: 1482

Re: Opening a new IRA

Can you get money to your joint US bank checking account and have them pull it from there?
https://investor.vanguard.com/ira/how-to-open-an-ira

If not, at least you can be ready to do the 2015. If you are living overseas that may be another problem.
by BL
Sun Apr 12, 2015 11:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opening a new IRA
Replies: 9
Views: 931

Re: Should I recharacterize my Roth conversion?

If you are not doing your own taxes, then you might factor in the extra charges you would pay the tax preparer to follow the convoluted actions here. I am not you, but I would probably write it off as lack of planning for taxes, and do more planning or even delay the operation until the year's taxes...
by BL
Sun Apr 12, 2015 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I recharacterize my Roth conversion?
Replies: 15
Views: 1175

Re: New to investing

After your original $3k, or $1k for Target Retirement fund, you can add increments of $100 to your fund:
https://investor.vanguard.com/retirement/savings/how-to-save-for-retirement
Also be sure to take e-statements to avoid a small account charge.
by BL
Sun Apr 12, 2015 8:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just looking for advice - [Payoff loan, 401(k) choices]
Replies: 31
Views: 1076

Re: Delaying SS for tIRA conversions

We have no idea what numbers you have. In a couple years, you can probably have an income of somewhere around 100,000 (+ 15% SS + non-taxed basis when you sell taxable funds) and be at the top of the 15% bracket: 75,000 taxable income - includes 85% of SS + includes $X conversion to Roth + Capital g...
by BL
Sun Apr 12, 2015 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS for tIRA conversions
Replies: 13
Views: 1439

Re: Delaying SS for tIRA conversions

You can't restrict to spousal benefits until you are FRA (66+?) so that is waiting ~6 years with nothing before you start. If you look at all income jointly, my Guess is that him doing spousal after you start and self at age 70, while you start at 62 might work out best. However, if you want to look...
by BL
Sun Apr 12, 2015 2:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS for tIRA conversions
Replies: 13
Views: 1439

Re: A 100% newbie asking for advise desperately

Here is a quick read to get you started. http://www.etf.com/docs/IfYouCan.pdf Read the two stickies at top of the Help forum, Investment Planning, and fill out the Asking Portfolio Questions format when you are ready to ask for specific help. It will also help you get a good overall picture. Do you ...
by BL
Sun Apr 12, 2015 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: A 100% newbie asking for advise desperately
Replies: 10
Views: 744

Re: 401k "Fee Freedom" Day

retiredjg wrote:
AnotherAliasforMe wrote:I guess my point was: fees matter.

So does that mean you plan to switch?

A 500 Index and a bond index are really all you need if you can old international in an IRA or taxable.

+1
even if the Spartan 500 and bond are all you have.
by BL
Sun Apr 12, 2015 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: 401k "Fee Freedom" Day
Replies: 11
Views: 1094

Re: Personal Financial Snapshot: Invest now?

Credit Card: $548.74 at 23.99% Credit Card: $2938.89 at 25.24% These have to go away ASAP! Can you sell your car and get a beater? Eat Ramen noodles, cut cell phone, cable, eating out, beer, fast food, you get the picture. Just paying the minimum will not get you out for years and you will just be ...
by BL
Sun Apr 12, 2015 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Personal Financial Snapshot: Invest now?
Replies: 9
Views: 803

Re: help with investments

veena9111 wrote: Can these be transferred to Vanguard


I suggest you call them and find out what they can do for you. Let them know what you have and plan to invest, and your occupation. Perhaps they can help you with a plan.
by BL
Sun Apr 12, 2015 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: help with investments
Replies: 9
Views: 507

Re: help with investments

Agree to not investing in rentals at this point. Work on your career and related items. Do you have disability insurance? Separate savings for business needs from retirement savings. Don't spend beyond your means. At least wait until you have car paid for and business is going great! Of course you h...
by BL
Sun Apr 12, 2015 9:25 am
 
Forum: Investing - Help with Personal Investments
Topic: help with investments
Replies: 9
Views: 507

Re: Need Help Picking A Broker

Vanguard - 0.3% Bogleheads - 0.0% Mike +1 I strongly urge you to do the Asking Questions format and post here. Not only will it help you get good suggestions, getting it together will help you see what you have and you can use it to get help wherever you decide to move to. It may seem like a lot of...
by BL
Sun Apr 12, 2015 8:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Help Picking A Broker
Replies: 57
Views: 3490

Re: Delaying SS for tIRA conversions

Try to get the best SS numbers you can. Any little part-time income will increase your SS when you have zeros. Questions: 1. Should I stop reinvesting dividends when he retires? Yes, if this is a taxable account and you are using it to live on. Otherwise, it probably doesn't make a big difference. 2...
by BL
Sun Apr 12, 2015 8:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Delaying SS for tIRA conversions
Replies: 13
Views: 1439

Re: Help with my mom's IRA accounts

Has she asked for help? It sounds like you might be butting in without being asked. The entire portfolio for both of them should be considered, and you don't seem to have access to that. It sounds to me like you got converted, and now you want to share this even if no one wants to listen to you. Thi...
by BL
Sat Apr 11, 2015 10:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's IRA accounts
Replies: 4
Views: 389

Re: Need Help Picking A Broker

Perhaps this quick read can help you while you finish reading some other recommended books: http://www.etf.com/docs/IfYouCan.pdf All the best salespeople are "nice". It doesn't mean they won't sell you things that are not in your best interest. Also buying 20 different funds almost guarant...
by BL
Sat Apr 11, 2015 7:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help Picking A Broker
Replies: 57
Views: 3490

Re: regret and depression...how to deal with it

How many years do you plan to wait if it doesn't go down? Adding 1/12 or 1/24 per month on a schedule would be a start. Follow your Bogle plan or else just get a tax-managed balanced fund if that is more comfortable. Divorce is very expensive,as you have learned. Consider getting a physical and foll...
by BL
Sat Apr 11, 2015 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 59
Views: 4383

Re: RMD and paying taxes

I am not sure you have the whole picture. To get the best advice, and to see your own situation more clearly, I would suggest you post everything you have in the format, Asking Questions. There is a chart in the wiki page that shows the range of tax-efficient types of funds: https://www.bogleheads.o...
by BL
Sat Apr 11, 2015 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD and paying taxes
Replies: 12
Views: 1242

Re: Best US city to spend Xmas

There's no place like home for the holidays! (Perry Como)
by BL
Fri Apr 10, 2015 11:45 pm
 
Forum: Personal Consumer Issues
Topic: Best US city to spend Xmas
Replies: 40
Views: 2315
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