Search found 4076 matches

by BL
Thu Sep 03, 2015 11:04 pm
Forum: Investing - Theory, News & General
Topic: Liquidate 401k to open IRA to Merrill Lynch
Replies: 5
Views: 245

Re: Liquidate 401k to open IRA to Merrill Lynch

If he has decent low-ExpenseRatio funds in the 401k, it may not make sense at all to tranfer to a costly "advisor" where he will pay some combination of management fees, loads, and/or high-ER % on the funds which include 12b-1 kickbacks to the broker. At the very least, he should find out ...
by BL
Thu Sep 03, 2015 8:00 am
Forum: Investing - Theory, News & General
Topic: 401(k) IRA Rollover Promotion Money
Replies: 18
Views: 825

Re: 401(k) IRA Rollover Promotion Money

So I think what you are saying is that you had $1,000 in Roth and they liquidated it in the Roth and took $50 to close the account. Then the remaining $950 rolled to Vanguard as if $950 were the entire account. So I have that right? It would certainly make more sense than what I was thinking. Yes, ...
by BL
Wed Sep 02, 2015 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Physician couple seeking advice on high income asset distribution and investment
Replies: 10
Views: 1322

Re: Physician couple seeking advice on high income asset distribution and investment

Traditional brokerage acct with small stock portfolio, mostly dividend stocks (~$30k) ((I prefer a total stock market fund for diversity. Post everything you have in the above linked format for more discussion of all of your holdings. Go back and add the info to your above first post so others see ...
by BL
Wed Sep 02, 2015 9:17 pm
Forum: Investing - Theory, News & General
Topic: 401(k) IRA Rollover Promotion Money
Replies: 18
Views: 825

Re: 401(k) IRA Rollover Promotion Money

AFAIK, there is no tax consequence (early withdrawal penalty and tax) involved there, either, though in this case your IRA shrinks. I always assumed if they charge a fee to close the account, that is considered an early withdrawal if you don't make it up. Is that wrong? I can't find anything on it ...
by BL
Wed Sep 02, 2015 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Physician couple seeking advice on high income asset distribution and investment
Replies: 10
Views: 1322

Re: Physician couple seeking advice on high income asset distribution and investment

You should be able to get a mortgage for less than 5% with this income. Maybe a shorter 15-yr term, eg. , (3.228% APR at Penfed.org) or 15/15 ARM (3.151% for first 15 years at P.)
by BL
Wed Sep 02, 2015 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Retired & confused about making the right investment
Replies: 12
Views: 1092

Re: Retired & confused about making the right investment

Will you both have Social Security? Consider delaying higher earner until age 70 for the COLA if possible. I would be conservative with the cash: Roths in bonds for this year ($6500 x 2) and next if spouse still earns that, maybe a 1 year CD or high interest savings (online?) or I-bonds (after Nov 1...
by BL
Wed Sep 02, 2015 4:50 pm
Forum: Investing - Theory, News & General
Topic: 401(k) IRA Rollover Promotion Money
Replies: 18
Views: 825

Re: 401(k) IRA Rollover Promotion Money

I see it as the same, but opposite, as the fees they charge when you transfer your IRA from one broker to another. AFAIK, there is no tax consequence (early withdrawal penalty and tax) involved there, either, though in this case your IRA shrinks. I doubt that you could deduct it on 1040, either, but...
by BL
Wed Sep 02, 2015 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: 49 at a crossroads and seeking investment advice
Replies: 15
Views: 1739

Re: 49 at a crossroads and seeking investment advice

Please don't sign on to any new investments/annuities until you get this figured out. He has a conflict of interest here, in that the annuities usually give a big payoff/commission to the salesman. You should list the ERs of the funds she has and you have jointly, and that can be compared unfavorabl...
by BL
Wed Sep 02, 2015 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Income replacement for maternity leave w/o disability coverage?
Replies: 1
Views: 190

Re: Income replacement for maternity leave w/o disability coverage?

Cut spending to the bone right now and save like crazy! Maybe halt all but match in 401k and halt IRAs during the time needed. It sounds like you need to get used to living on one paycheck instead of two.
by BL
Tue Sep 01, 2015 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: 401k is not set up at my new job yet...
Replies: 23
Views: 942

Re: 401k is not set up at my new job yet...

Do you have an HSA available? That is great for tax-deferred at worst and tax-free at best if you keep it until retirement.

Total Stock Market is possibly even better than a S&P 500 fund, as it covered small and mid caps as well.
by BL
Mon Aug 31, 2015 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds SIMPLE IRA
Replies: 12
Views: 599

Re: American Funds SIMPLE IRA

It looks like you need to figure out how you are going to get the signature and where you have to go and what you have to do at your bank in order to get it. Once you have it, it shouldn't be too hard to arrange to get it on a regular basis. Since you say you are able to transfer this way, the MM so...
by BL
Mon Aug 31, 2015 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Move now or wait?
Replies: 18
Views: 1587

Re: Move now or wait?

If you are going to do this, sell your house as soon as it has been yours 1 year (be sure not to miss the date) so you can get LTCG if there is a profit. Then you would have the money available to move quickly when something becomes available. Actually, renting wouldn't be so bad until you are ready...
by BL
Mon Aug 31, 2015 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Move now or wait?
Replies: 18
Views: 1587

Re: Move now or wait?

A home isn't something you should jump in and out of. You need to find something that you can live with for a while. Also, you will have to pay capital gains (if a gain) since you haven't lived there 2 years, AFAIK. However, you are close enough to a break even so it probably won't hurt you much, so...
by BL
Mon Aug 31, 2015 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Anxiety after investing inheritance
Replies: 12
Views: 935

Re: Anxiety after investing inheritance

Taxable account $100,000 in VTSAX $50,000 in VTIAX $30,000 in "quality" stocks Sell, buy a bond fund, either total bond or muni if 28% tax bracket Roth IRA $35,000 in Target Retirement 2050 Inherited IRA $20,000 in some active large-cap value fund sell and consider total Bond index Cash: ...
by BL
Mon Aug 31, 2015 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Exchange Windsor II for VGTSX, is now a good time?
Replies: 4
Views: 582

Re: Exchange Windsor II for VGTSX, is now a good time?

Not sure how many are willing to go to your link. It might have helped to work this one in there, since so much depends on that information. Have you made any changes to the linked portfolio? It seems like it would be more important to take care of expensive funds in some of your Roths, IRAs, and 40...
by BL
Mon Aug 31, 2015 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Help with parents retirement plan
Replies: 6
Views: 878

Re: Help with parents retirement plan

I suggest they at least consider delaying SS for the higher income person and taking SS ASAP when retired for the lower income person. This would, of course, depend on whether that is possible for them,but living off 401k or IRA would be worthwhile to get that larger guaranteed SS. This would get th...
by BL
Sat Aug 29, 2015 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Anyone use a different target retirement year then when they will retire???
Replies: 18
Views: 1275

Re: Anyone use a different target retirement year then when they will retire???

Don't forget the Life Strategy funds if their stock/bond ratios are what you want. The main difference is they don't change. You can get 80, 60,40, or 20% stocks in the 4 choices. (The near dates in TR do have some Tips and possibly something else added.) I don't see that the dates really mean anyth...
by BL
Sat Aug 29, 2015 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Amerivest Managed Risk Portfolio - good/ bad idea?
Replies: 11
Views: 628

Re: Amerivest Managed Risk Portfolio - good/ bad idea?

The later, auto-pilot, rebalancing, pick reasonable investment choices for me, follow an agreed strategy. How about this fund? It is on auto-pilot, auto-rebalances, reasonable, AND low-ER, also tax-efficient if you are in higher tax bracket: Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX)...
by BL
Sat Aug 29, 2015 8:20 am
Forum: Investing - Help with Personal Investments
Topic: New here.. starting small..
Replies: 5
Views: 476

Re: New here.. starting small..

Here is a little free online booklet which may have some ideas that would be helpful as you think about investing: http://www.etf.com/docs/IfYouCan.pdf +1 This short pamphlet changed my life. It's easy to read and relatively easy to implement what it recommends once you get used to it. First pay ch...
by BL
Sat Aug 29, 2015 8:19 am
Forum: Investing - Help with Personal Investments
Topic: New here.. starting small..
Replies: 5
Views: 476

Re: New here.. starting small..

Good luck to you as an entrepreneur. There are folks here interested in cars and there are some who are very successful entrepreneurs, but there is nothing in your title to attract either one, so perhaps editing your subject could help. As for car sticker prices, no one pays that amount. Many here r...
by BL
Fri Aug 28, 2015 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Next Steps of Investing
Replies: 7
Views: 685

Re: Thoughts on Next Steps of Investing...

Getting the match is the first step in investing so she should sign up and have that amount deducted. Look at the ERs (expense ratios) and either pick a low ER and/or look for index or S&P500 to get something started if she is not able to offer them here for advice. This can be changed later, bu...
by BL
Fri Aug 28, 2015 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Friend's proposed RMD strategy--A little different
Replies: 55
Views: 4257

Re: Friends proposed RMD strategy--A little different

Yes, good idea. Also, if you give to charity and are age 70 1/2, you can have checks made out to the charity and sent to you. Then if Congress passes the QCD again, it will count toward your RMD and not be taxable. If not passed, you can deduct if you itemize deductions. Another idea is having most ...
by BL
Fri Aug 28, 2015 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: New here.. starting small..
Replies: 5
Views: 476

Re: New here.. starting small..

You have probably lost a lot of money already as the car loses money as soon as you drive it off the car lot. The best thing may be to keep driving it for 10 or 15 years from now. There are online car sites that give you the value of a car with your mileage in your area. Edmunds may be one of them. ...
by BL
Fri Aug 28, 2015 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund or debt?
Replies: 15
Views: 908

Re: Emergency fund or debt?

Sounds like you need to sell the house or go on a crash diet (spending diet, that is). You bought more than you can afford and now you have to deal with it. Cut expenses to the bone: brown bag, cut cable, phones, eating out, booze, "healthy but expensive" groceries, clothes, trips,, everyt...
by BL
Fri Aug 28, 2015 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: College student looking for advice on retirement investing
Replies: 36
Views: 1861

Re: College student looking for advice on retirement investing

It probably will reduce the amount you can add to a new 2015 Roth by that amount. There may be some extra paperwork at tax time. You probably don't have enough, if any, profit to worry about, as 10% penalty of nothing gained is still nothing. A student doesn't get Saver's Credit so that shouldn't af...
by BL
Fri Aug 28, 2015 11:43 am
Forum: Investing - Help with Personal Investments
Topic: College student looking for advice on retirement investing
Replies: 36
Views: 1861

Re: College student looking for advice on retirement investing

Congratulations! You will do fine. I would spread out Roth IRA throughout this year so would be ready to start 2016 contributions in January. You are correct that you have until April 15th next year to complete this year's contribution. You will want some money as an emergency fund. Nice to have the...
by BL
Fri Aug 28, 2015 8:41 am
Forum: Investing - Help with Personal Investments
Topic: College student looking for advice on retirement investing
Replies: 36
Views: 1861

Re: College student looking for advice on retirement investing

There is lots of reading here and in Wiki, with videos and suggested books. Here is a nice little booklet just for beginners by a respected author, Dr. William Bernstein, which will help you get started and avoid the big mistakes: http://www.etf.com/docs/IfYouCan.pdf Some people must learn from thei...
by BL
Thu Aug 27, 2015 12:05 am
Forum: Personal Finance (Not Investing)
Topic: I'm afraid I'll regret this.
Replies: 8
Views: 2114

Re: I'm afraid I'll regret this.

It actually sounds like you could do programming while still at your job, so it is a matter of finding such a job. Take advantage of your college job assistance and whatever else you can find. Some of above suggestions are good. Ask everyone you can think of, search the internet, connect on LinkedIn...
by BL
Wed Aug 26, 2015 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Military TSP v. Roth TSP
Replies: 22
Views: 1683

Re: Military TSP v. Roth TSP

You will want to double check, but I believe you can transfer your Roth TSP to a Roth IRA after leaving the service. Then it would follow Roth IRA rules with no RMDs.
by BL
Wed Aug 26, 2015 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Was about to change from 100% equity to 80%. Now what?
Replies: 71
Views: 7346

Re: Was about to change from 100% equity to 80%. Now what?

I assume you are still buying. Just buy bonds for a bit.
by BL
Wed Aug 26, 2015 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Identical fund in two accounts: possible to avoid wash sale rule?
Replies: 14
Views: 1846

Re: Identical fund in two accounts: possible to avoid wash sale rule?

Here is another thread which also has no firm conclusion on the 401k status WRT wash sales as the IRS did not specify:
https://www.bogleheads.org/forum/viewtopic.php?f=1&t=172622&newpost=2603157
by BL
Wed Aug 26, 2015 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help me restructure my inherited IRA
Replies: 9
Views: 569

Re: Help me restructure my inherited IRA

You will have to ask Vanguard if everything can be transferred "in kind". You will need to be looking at a list from your broker if they ask you to name them. That way you can decide what/when to sell. Vanguard may have a known cost to sell, except possibly the bonds where you take what yo...
by BL
Wed Aug 26, 2015 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Identical fund in two accounts: possible to avoid wash sale rule?
Replies: 14
Views: 1846

Re: Identical fund in two accounts: possible to avoid wash sale rule?

I think I am getting in too deep. Maybe someone else can step in here who knows more about how the 401k and employer contributions to it work with wash sales. I was actually thinking about a Roth IRA instead of the 401k, but I do believe it works in a similar way. As I understand it, it is not illeg...
by BL
Wed Aug 26, 2015 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Identical fund in two accounts: possible to avoid wash sale rule?
Replies: 14
Views: 1846

Re: Identical fund in two accounts: possible to avoid wash sale rule?

I would pick the 3 funds you could live with: Total stock market, total international, & total bond (or tax-exempt depending on your tax bracket). There would be no harm keeping them forever, and owning them is not the same as owning the 4-fund Target fund. You only TLH in taxable funds! Just do...
by BL
Wed Aug 26, 2015 11:02 am
Forum: Personal Consumer Issues
Topic: Siblings sharing a room until what age?
Replies: 15
Views: 2043

Re: Siblings sharing a room until what age?

This might be the best time to move the daughter to the guest room and share the room when your mother comes to stay. Could you have twin beds, or perhaps a trundle bed? Maybe some portable divider would be good for a little privacy. This could be a bonding time for them, you never know. All familie...
by BL
Wed Aug 26, 2015 10:17 am
Forum: Investing - Help with Personal Investments
Topic: TLH - offset LT cap gains with ST cap losses
Replies: 3
Views: 301

Re: TLH - offset LT cap gains with ST cap losses

Yes, I was combining/confusing the qualified dividends with LT capital gains. Thanks for clarifying that qualified dividends cannot be offset by capital losses. As such, if I do TLH with the $25k of unrealized ST capital losses, it appears I could offset income by $3k, and carryover the rest. Does ...
by BL
Wed Aug 26, 2015 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Inexperienced investor: Please help with asset allocation/location
Replies: 12
Views: 691

Re: Inexperienced investor: Please help with asset allocation/location

Suggest you read this little online booklet by recommended author, Dr. William Bernstein:
http://www.etf.com/docs/IfYouCan.pdf
by BL
Wed Aug 26, 2015 12:15 am
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 46
Views: 6794

Re: Am I saving too much for retirement?

I looked just below the Post Reply box at the end of this topic and there it was: Return to: Help with ...........
The second topic is Laura's form for posting questions.
I have to admit it was the first time I noticed it on this page.
by BL
Wed Aug 26, 2015 12:02 am
Forum: Investing - Help with Personal Investments
Topic: TLH - offset LT cap gains with ST cap losses
Replies: 3
Views: 301

Re: TLH - offset LT cap gains with ST cap losses

Are you calling the qualified dividends capital gains? Even though you pay taxes on them like the CG rates, they are not CGs, and, AFAIK, they cannot be offset by Capital Losses.
by BL
Tue Aug 25, 2015 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting question
Replies: 4
Views: 420

Re: Tax loss harvesting question

It doesn't sound like you have purchased anything within 30 days of now, so I don't see any problem. There shouldn't be a wash if you buy again after 30 days. I would keep replacements at least 60 days for qualified dividend purposes, but I would suggest you look that up or wait for a seasoned TLH p...
by BL
Tue Aug 25, 2015 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Pediatrician's wife seeking asset allocation advice
Replies: 6
Views: 544

Re: Pediatrician's wife seeking asset allocation advice

Welcome! Smart idea to work this out so soon. What loans and what % are they? If higher rate, you will want to attack them as well as invest. Do some reading here in Wiki as well as some books. To get you started, here is one just for young investors: http://www.etf.com/docs/IfYouCan.pdf The Wiki ha...
by BL
Tue Aug 25, 2015 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor?
Replies: 7
Views: 545

Re: Financial Advisor?

Reading suggestions are good. May I suggest an online booklet written just for young investors like you? http://www.etf.com/docs/IfYouCan.pdf Having said that, I might go to Vanguard and invest in a Target date fund (look at bond %) or one of the Life Strategy Moderate or Conservative funds. If you ...
by BL
Tue Aug 25, 2015 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: my retired mother's predicament
Replies: 55
Views: 6886

Re: my retired mother's predicament

I would not count it if it is for that specific purpose. Does she have medical insurance? Would suggest she probably should not be investing this money in that case. Possibly online banks have savings or CDs with better rates such as 1% or 2+% for CDs. She could even put 10k/yr into I-Bonds at treas...
by BL
Tue Aug 25, 2015 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Parents, windfall, and sale of home
Replies: 12
Views: 1376

Re: Parents, windfall, and sale of home

Thanks to everyone for the honest and understandable responses. The attraction of renting the home was simply the size of the income compared to their current fixed income. That said, the comments above bring this attraction into a greater context. I'm so glad I posted this thread. I will continue ...
by BL
Tue Aug 25, 2015 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Should I feel guilty?
Replies: 10
Views: 1414

Re: Should I feel guilty?

Have you asked Vanguard to have your assets transferred? Just do it, get it over with, and don't worry about your broker. They get plenty of money from you and the other suckers clients, and it is all business. Do you think they would feel guilty charging you that high fee? There may be mixed feelin...
by BL
Tue Aug 25, 2015 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Lost with this portfolio
Replies: 17
Views: 2047

Re: Lost with this portfolio

Maybe you could start filling out the form online, and then call when you get to a question you have. That way they can look at the information you have supplied and complete it there or send you the proper papers to fill out and sign. At least they will know you are serious about moving rather than...
by BL
Tue Aug 25, 2015 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: my retired mother's predicament
Replies: 55
Views: 6886

Re: my retired mother's predicament

This paints a little different picture. She started with 30k out of 80k in stock market, now she has 35k out of 80k, so she may still be 5k ahead if I understand correctly. It is important to look at the whole picture (sometimes hard, I know). If you consider both of the above together, she may not ...
by BL
Mon Aug 24, 2015 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard policy on use of money market fund as temporary holding place
Replies: 11
Views: 1071

Re: Question about Vanguard policy on use of money market fund as temporary holding place

I am puzzled because I tell V to withdraw money directly from checking to go into a mutual fund. Haven't used the automatic investment. I did use the MM at one time, but then I learned (or they changed) that I no longer needed that funded but could withdraw directly from bank account or CU account. ...
by BL
Mon Aug 24, 2015 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: All I can afford is to max my roth: an investment plan
Replies: 25
Views: 1871

Re: All I can afford is to max my roth: an investment plan

Are you legally committed to buying the condo? I find it too hasty and risky to do this at this time with your incomes and not being married. Have you considered homeowner's association fees, taxes, other unexpected expenses? What if you get a good job offer farther away? What if the neighbors are t...
by BL
Mon Aug 24, 2015 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: new to the game of DIY
Replies: 11
Views: 764

Re: new to the game of DIY

His: Total % Funds Name (Ticker Symbol) Exp. Ratio ----------------------------------------------------------------------------------------------------- Her retirement: she contributes 3% to roth 401 and 3% to 401 company matches 3% roth 401 + 3%401k Funds 9% Vanguard Total Intl Stock Index I (VTSNX...

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