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Re: Help a beginner

I have two paycheck deductions listed as Fed OASDI/EE and Fed Med/EE which I understand to be Social Security payments. Fed OASDI/EE stands for Old Age Survivors and Disability Insurance Employee share. This is Social Security. Fed MED/EE stands for Federal Medicare/Employer-Employee. This is Medic...
by Duckie
Mon Jul 28, 2014 6:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a beginner
Replies: 9
Views: 895

Re: $250K reporting question for multiple Solo 401k plans

It does not matter if the EIN differs. It's still a controlled group with you owning 100% of each business, so the $250K is aggregated. Yeah, that's how I took it. Thanks for all the detailed information. NOTE: Since the self-employed is by definition both employee and employer, this would be a con...
by Duckie
Sun Jul 27, 2014 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: $250K reporting question for multiple Solo 401k plans
Replies: 7
Views: 751

Re: $250K reporting question for multiple Solo 401k plans

Spirit Rider wrote:If the total of all your plans is $260K, you must file a Form 5500-EZ for each plan using that employer's EIN.

That answers the question. Thanks.
by Duckie
Sat Jul 26, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: $250K reporting question for multiple Solo 401k plans
Replies: 7
Views: 751

$250K reporting question for multiple Solo 401k plans

If a person has more than one type of self-employment and therefor has more than one solo 401k does the $250K reporting requirement apply for each account separately or are they combined? If one account has $180K and the other $80K that's $260K. Do they aggregate? Does it matter if the EIN is differ...
by Duckie
Fri Jul 25, 2014 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: $250K reporting question for multiple Solo 401k plans
Replies: 7
Views: 751

Re: Rebalancing 401k in a Sane Way

EhMerman , welcome to the forum. You have a desired AA of 80% stocks, 20% bonds, with 33% of stocks in international. That breaks down to 54% US stocks, 26% international stocks, and 20% bonds. Here is a possible retirement portfolio: Taxable at Vanguard -- 47% 21% ( VTI ) Vanguard Total Stock Mark...
by Duckie
Fri Jul 25, 2014 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing 401k in a Sane Way
Replies: 6
Views: 617

Re: New investor wondering how best to use a windfall

neuro84, her debts are $13,900 (pay the family member!) and his highest cost debt is $92,600. They total $106,500. If you pay that it wipes out a bunch of debt and still leaves an emergency fund. That's what I'd do.
by Duckie
Thu Jul 24, 2014 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor wondering how best to use a windfall
Replies: 9
Views: 558

Re: portfolio questions - AA over multiple accounts

Current retirement assets Taxable 10K (100%) - Vanguard Total Stock Market Vanguard Retirement Fund (After Tax): 10K Unless "After Tax" means that account is part of the 401k plan, these two accounts both fall under the "Taxable" category. If they are both for retirement I don't...
by Duckie
Thu Jul 24, 2014 8:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: portfolio questions - AA over multiple accounts
Replies: 4
Views: 558

Re: Help a beginner

Maglib11 , you're single, age 45, and with not a lot in retirement assets but you do expect to have a pension. I'm going to recommend an AA of 65% stocks, 35% bonds, with 30% of stocks in international. That breaks down to 45% US stocks, 20% international stocks, and 35% bonds. If you really can ho...
by Duckie
Thu Jul 24, 2014 4:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a beginner
Replies: 9
Views: 895

Re: Help a beginner

Just set up and funded a Roth IRA for the first time: $5424.00. Vanguard Lifecycle 2035 fund. It's through Charles Schwab. Why not add the extra $76 to make it an even $5500 contribution? Why Schwab? The Vanguard Target Retirement 2035 Fund at Schwab will cost you a transaction fee to purchase. It ...
by Duckie
Wed Jul 23, 2014 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a beginner
Replies: 9
Views: 895

Re: New Investor Coming From CD's Need Guidance.

Any other recommendations? Are the Roth CDs in His Roth IRA, Her Roth IRA or both? What I'm asking is does she have a Roth IRA? You could be contributing $5.5K to both Roth IRAs each year. Are you maxing your 401k? It doesn't look like it. You could be contributing $17.5K not including the match or...
by Duckie
Wed Jul 23, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor Coming From CD's Need Guidance.
Replies: 10
Views: 784

Re: Investing for House Purchase in 5 Years

[W]e wonder what we should invest in with a 5-6 year horizon. Money needed in that time-frame should be in a mix of savings accounts, CDs, money market accounts, 
 I savings bonds through Treasury Direct , and possibly a short-term bond fund such as ( VBISX ) Vanguard Short-Term Bond Index Fund Inv...
by Duckie
Wed Jul 23, 2014 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing for House Purchase in 5 Years
Replies: 2
Views: 376

Re: Defining what an expense ratio means for individuals

I'm late to the game, but: I'm looking for how the expense ratio is charged to investors in practice. For example, if I invest $1,000 per month into a fund that has a 1% expense ratio, am I charged 1% of the principal each time I buy shares of the fund? No, you're charged 1% on the entire value of y...
by Duckie
Wed Jul 23, 2014 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: Defining what an expense ratio means for individuals
Replies: 26
Views: 1425

Re: Starting off and Maxing Out

What's the best strategy to keep everything balanced between the 401k and the IRA accounts? I'm planning to put $17,500 ($18,700 after company match) into the 401k and $5,500 into the IRA. Contribute according to your AA and once or twice a year rebalance. If you lump-sum your Roth IRA contribution...
by Duckie
Tue Jul 22, 2014 7:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Starting off and Maxing Out
Replies: 9
Views: 1626

Re: incorporating bonds into our portfolio

triggerfish10, you probably have the SSgA U.S. Bond Index Fund. If so this is an excellent bond choice.
by Duckie
Mon Jul 21, 2014 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: incorporating bonds into our portfolio
Replies: 6
Views: 745

Re: Starting off and Maxing Out

zoombrowser , welcome to the forum. You have a desired AA of 80-90% stocks, 10-20% bonds, with unknown international. I'll pick 80% stocks, 20% bonds, with 30% of stocks in international. That breaks down to 56% US stocks, 24% international stocks, and 20% bonds. Here is a possible retirement portf...
by Duckie
Mon Jul 21, 2014 6:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Starting off and Maxing Out
Replies: 9
Views: 1626

Re: Advice for First-Time Investors

Taxable Account (~$105k together): 25% Bonds: VWITX Intermediate-Term Tax Exempt ; Exp. Ratio: 0.20% 60% US Stocks: VTSAX Total Stock Market Index Admiral Shares ; Exp. Ratio: 0.05% 15% Non-US Stocks: FTSE All-World Except US Index Admiral Shares ; Exp. Ratio: 0.15% I'd choose ( VTIAX ) Vanguard To...
by Duckie
Mon Jul 21, 2014 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for First-Time Investors
Replies: 19
Views: 2322

Re: Revisiting situation from four months ago

Duckie, if I were to exchange my bond funds for VWITX, would I be losing bond diversification? I would go from US government, corporate, foreign government, and foreign corporate bonds to just municipal bonds. Yes, you would lose some bond diversification. That's why I prefer putting all the bonds ...
by Duckie
Mon Jul 21, 2014 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Revisiting situation from four months ago
Replies: 5
Views: 1396

Re: New Investor

bbrodriguez , welcome to the forum. At age 33 an AA of 90/10 is a little aggressive. 80/20 would be better. Because you are self-employed you can roll your old 401k into a solo 401k instead of an IRA which will allow you to make Roth IRA contributions even with your high income using the 
 Backdoor...
by Duckie
Sun Jul 20, 2014 11:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor
Replies: 3
Views: 637

Re: Extra Cash and General Financial Planning

bhreader wrote:Here is how I currently plan to spread my asset allocation across the three accounts <snip>

Either option will work just fine.
by Duckie
Sun Jul 20, 2014 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Extra Cash and General Financial Planning
Replies: 7
Views: 1181

Re: Never done my taxes before (help with VTIAX)

The $2000 is automatically re-invested into the fund though, no? So I'm not really sure why a 1099R is generated in that case. It's a taxable account so you'll get a 1099-DIV not a 1099-R, but it was generated because your fund paid dividends. It doesn't matter that you reinvested them instead of c...
by Duckie
Sat Jul 19, 2014 8:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Never done my taxes before (help with VTIAX)
Replies: 6
Views: 697

Re: What should I invest in 401k?

foodstamp , you have some great options. Without knowing your AA, your other retirement assets, your age, or even the expense ratios I see two possibilities: ⋅ Use a combination of these four funds: ( VINIX ) Vanguard Institutional Index Fund Institutional Shares ( VEXAX ) Vanguard Extend...
by Duckie
Sat Jul 19, 2014 7:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: What should I invest in 401k?
Replies: 5
Views: 642

Re: Revisiting situation from four months ago

ajb115 , why are you holding taxable bonds in a taxable account for retirement purposes? You should sell Total Bond and Total International Bond in your taxable account and either: ⋅ Buy ( VWITX ) Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (0.20%) in the taxable account. &...
by Duckie
Sat Jul 19, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Revisiting situation from four months ago
Replies: 5
Views: 1396

Re: 401(a) and 401(k) and contribution limits

Money you are required to contribute to a 401a is not part of the voluntary contribution to a 401k or 403b plan. The limits are separate. See this article by tfb : "As a result, contributions to a 401(a) plan do not count toward the 401(k) “elective deferrals” limit ($16,500 in 2009). If someon...
by Duckie
Fri Jul 18, 2014 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(a) and 401(k) and contribution limits
Replies: 7
Views: 432

Re: Extra Cash and General Financial Planning

bhreader , if you hold your solo 401k at Fidelity you could use their very inexpensive Spartan funds -- Advantage Class which are equivalent to Vanguard's Admiral Shares. Fidelity allows incoming rollovers from SEP IRAs. That would open up the 
 Backdoor Roth IRA 
 method and you could get more mon...
by Duckie
Fri Jul 18, 2014 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Extra Cash and General Financial Planning
Replies: 7
Views: 1181

Re: Looking to optimize allocations and add a taxable accoun

sign_of_life , you have a desired AA of 70% stocks, 30% bonds, with 25% of stocks in international. That breaks down to 52% US stocks, 18% international stocks, and 30% bonds. Here is a possible retirement portfolio: Taxable at Vanguard -- 9% 9% ( VTIAX ) Vanguard Total International Stock Index Fu...
by Duckie
Fri Jul 18, 2014 7:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking to optimize allocations and add a taxable account
Replies: 4
Views: 612

Re: 401(a) and 401(k) and contribution limits

Her new job has a standard 403(b) plan with maximum contribution limit of $17,000. Are you sure that's not $17,500? Do her employee contributions to her 401(a) count towards the 403(b) limit? No. Should I roll it over to a TIRA or 403(b)? It depends. Can she leave the 401a where it is? What are the...
by Duckie
Fri Jul 18, 2014 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(a) and 401(k) and contribution limits
Replies: 7
Views: 432

Re: Help with new 401K choices

We are using the 401K because we are past the limits for ROTH. We can also currently only afford the 17.5K annual 401K contributions since we are simultaneously paying down student loan debt and saving for a house (and feeding two young ones). When you are able to contribute more than $17.5K consid...
by Duckie
Fri Jul 18, 2014 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with new 401K choices
Replies: 10
Views: 790

Re: Help with new 401K choices

Delayed Gratification , the best options in the 401k seem to be: ( HQITX ) Hartford Equity Income Fund R5 Class (0.77%) <-- This is roughly 80% large cap US stocks and 20% developed markets international stocks. ( PTTRX ) PIMCO Total Return Fund Institutional Class (0.46%) ( VFIJX ) Vanguard GNMA F...
by Duckie
Thu Jul 17, 2014 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with new 401K choices
Replies: 10
Views: 790

Re: 403(b)/general advice for first post-residency job

Do you recommend 10-20% bonds even though I’m really early in the process, like literally, I’ve got a handful of years worth of cash in the Roth, nothing else at all…? Yes. It's not how early in the process you are, it's how old you are and how soon you'll retire. And although you are early in the ...
by Duckie
Thu Jul 17, 2014 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403(b)/general advice for first post-residency job
Replies: 29
Views: 1941

Re: 403(b)/general advice for first post-residency job

I'd choose Fidelity as the provider. Why Fidelity and not AIG with the Vanguard fund (it’s slightly cheaper)? First it's only 0.01% cheaper. That's not a big deal. Second Fidelity's other funds are also cheaper, much cheaper than AIG's other options at 0.50%. And Extended Market is easier to use tha...
by Duckie
Wed Jul 16, 2014 5:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403(b)/general advice for first post-residency job
Replies: 29
Views: 1941

Re: Portfolio advice for 401K with no match & high ER

chartcab3785 , welcome to the forum. Ouch! That's a bad plan. You have a desired AA of 70% stocks, 30% bonds, with 25% of stocks in international. That breaks down to 52% US stocks, 18% international stocks, and 30% bonds. Here is a possible retirement portfolio: His 401k -- 69% 69% ( POCRX ) PL Po...
by Duckie
Tue Jul 15, 2014 11:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for 401K with no match & high ER
Replies: 15
Views: 1295

Re: Portfolio help for a lost newb

JeffroZ , welcome to the forum. You have a desired AA of 75% stocks, 25% bonds (low for your ages), with 20% of stocks in international. That breaks down to 60% US stocks, 15% international stocks, and 25% bonds. Here is a possible retirement portfolio: His 401k -- 1% 1% ( RWMBX ) American Funds Wa...
by Duckie
Tue Jul 15, 2014 10:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help for a lost newb
Replies: 1
Views: 499

Re: Advice for First-Time Investors

Also, for our Roth IRA, we reasoned that we would just put the money into a Target fund and not touch it basically ever. If we were to pick a Target fund with an allocation that was closer to what we want (i.e. 80/20 vs. 90/10), then, eventually, it might become too conservative as it approaches it...
by Duckie
Mon Jul 14, 2014 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for First-Time Investors
Replies: 19
Views: 2322

Re: Financial Times Article on Vanguard.

corner559 wrote:The link doesn't work. It just goes to a sign-up page.

If you type the title into Google (example here) you can get to the page. You may have to answer a couple of stupid questions to read the full article but you don't have to sign up, pay, or anything like that.
by Duckie
Mon Jul 14, 2014 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial Times Article on Vanguard.
Replies: 12
Views: 2684

Re: Made too much money (roth ira contribution)

Is it still possible to complete a backdoor Roth IRA? Yes. 1. Send my current traditional IRA balance (less than 20,000) to my traditional tsp Good idea. 2. Recharacterize my $5,500 roth IRA contribution to traditional IRA. Just for simplicity say the amount ends up being $6,000 with gains accounte...
by Duckie
Mon Jul 14, 2014 7:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made too much money (roth ira contribution)
Replies: 19
Views: 1697

Re: New guy, portfolio check up

V1RTUS , you have a desired AA of 80% stocks, 20% bonds, with 20-30% of stocks in international. I'll pick 30%. That breaks down to 56% US stocks, 24% international stocks, and 20% bonds. Here is a possible retirement portfolio: 403b at Valic -- $10.5K -- 31% 31% ( BSPIX ) BlackRock S&P 500 Sto...
by Duckie
Mon Jul 14, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: New guy, portfolio check up
Replies: 16
Views: 1958

Re: Revamping portfolio

Can I ask why you suggest Consider increasing your bond AA to 25% ? The Vanguard Target Retirement account for my age is 90/10, so I already thought that 20% was a little high. Is it just because of my age, or something particular about my situation? You pick a target-date fund by the AA inside not...
by Duckie
Mon Jul 14, 2014 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Revamping portfolio
Replies: 4
Views: 684

Re: Revamping portfolio

saharah , welcome to the forum. You have a desired AA of 80% stocks, 20% bonds, with unknown international. I'll pick 30% of stocks in international. That breaks down to 56% US stocks, 24% international stocks, and 20% bonds. Here is a possible retirement portfolio: Taxable at Vanguard -- $55K -- 4...
by Duckie
Sun Jul 13, 2014 6:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Revamping portfolio
Replies: 4
Views: 684

Re: Well-being check for a new guy

Corleone , welcome to the forum. The VTSSX in the 401k is the only good option available to me. VTSSX is excellent for Her 401k. She's lucky she has that option. The 457 has the funds listed in my allocation, as well as a Vanguard Institutional Index Fund. The Institutional Index Fund is a good add...
by Duckie
Fri Jul 11, 2014 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Well-being Check For a New Guy
Replies: 7
Views: 1502

Re: Conversion Taxes

fyrace , welcome to the forum. If all of the account is pre-tax (and it reads like it) then rolling it directly to a Roth IRA would mean the entire amount would be taxable. However, you could roll it to a Traditional IRA which would not be taxable and then convert amounts to a Roth IRA when fiscall...
by Duckie
Fri Jul 11, 2014 6:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Conversion Taxes
Replies: 4
Views: 587

Re: Confused about asset allocation and rebalancing

Ironsides , welcome to the forum. Once you have a taxable account, using a balanced fund such as VASGX becomes a problem. It would be much easier to rebalance if you had separate funds in all of your retirement accounts (assuming the taxable brokerage account is earmarked for retirement). So yes, y...
by Duckie
Fri Jul 11, 2014 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Confused about asset allocation and rebalancing
Replies: 3
Views: 751

Re: New Boglehead Requesting a Review and Advice

ebv , welcome to the forum. I did not include the Expense Ratios on the available funds in the 401(k); it's simply too much work to track them down on my company's website; if desired and/or greatly helpful I'm happy to come back to edit this post and include. We prefer knowing the expense ratios. ...
by Duckie
Fri Jul 11, 2014 6:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Requesting a Review and Advice
Replies: 5
Views: 681

Re: Help College Student Invest

malibuboats91 wrote:Are there any good investments for the short run (1-2 years) where I could get the money out if I need it for some highly unlikely reason?

For money needed that soon it should be in a mix of savings accounts, CDs, and money market accounts. No stocks or bonds.
by Duckie
Fri Jul 11, 2014 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help College Student Invest
Replies: 24
Views: 1994

Re: Help College Student Invest

Now if I do setup a Roth with Vanguard Retirment 2016 is that something I need to find a financial adviser to do for me or something I can do on my own? You don't need an advisor to open a Roth IRA. If you are interested in the 2060 fund (2016 is a typo) then you can go to the Vanguard Target Retir...
by Duckie
Thu Jul 10, 2014 8:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help College Student Invest
Replies: 24
Views: 1994

Re: Fiduciary Employee Question

ERISA Stone, Employee Fiduciary is an excellent low-cost provider of group 401k plans. You have a solo 401k. If all you need is one form filled out by an expert, use an accountant. It'll be a one-time fee and after you see how it's done you can probably do it yourself the next year.
by Duckie
Wed Jul 09, 2014 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Employee Fiduciary] Question
Replies: 10
Views: 1226

Re: Help for New Boglehead with Complex Asset Allocation Puz

lauren , you have a lot of options in your plans but only a handful are good. Your desired AA is 75-80% stocks, 20-25% bonds, with 20% of stocks in international. Based on your ages I'll pick 75% stocks, and 25% bonds. That breaks down to 60% US stocks, 15% international stocks, and 25% bonds. Pick...
by Duckie
Tue Jul 08, 2014 11:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help for New Boglehead with Complex Asset Allocation Puzzle
Replies: 23
Views: 2125

Re: Asset Allocation - 401k & Roth

pugsly8422 wrote:When you mention adding the VEXMX to the Roth IRA, are you thinking I should stop contributing to something and then contribute to the VEXMX? Or move some funds into the VEXMX from the VTSAX?

I meant you should exchange funds, probably by moving some VTSAX to VEXMX.
by Duckie
Tue Jul 08, 2014 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - 401k & Roth
Replies: 6
Views: 765

Re: Dip into IRAs to pay off CC debt?

86k gross income w/ annual bonus (9-12k). <snip> As things stand now, I expect to be mid-six figures in 2-3 yrs. <snip> 42k in Traditional IRA 17k in Roth IRA 10k in 403(b) Whose are these, his or hers? Where are they held? What do they contain now? What are all the 403b options? Can the 403b be ro...
by Duckie
Mon Jul 07, 2014 7:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dip into IRAs to pay off CC debt?
Replies: 28
Views: 2034

Re: A little direction

StrawMan , welcome to the forum. Since you don't have a desired AA, based solely on your age I'm going to recommend 65% stocks, 35% bonds, with 30% of stocks in international. That breaks down to 45% US stocks, 20% international stocks, and 35% bonds. Here are two possible retirement portfolios: Po...
by Duckie
Mon Jul 07, 2014 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: A little direction
Replies: 4
Views: 812
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