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Re: Anchoring vs. Buy-and-Hold

In my 401K account, I have 100K in Russell 2000 Index Fund and nothing in SP500 Index Fund. I'm thinking that I should transfer 50K from R2000 to SP500. Should I do it in one transaction, or transfer $2,000/month over the next three years, or use some other threshold? Thanks. You already own all th...
by JW Nearly Retired
Wed Oct 22, 2014 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Anchoring vs. Buy-and-Hold
Replies: 15
Views: 1396

Re: Do all mutual funds have 12b-1 fees?

Only two possibilities: he is woefully ignorant about the mutual fund industry or he is lying. Either way you should never take anything he says as factual. JW ps: to look up any mutual fund fees: google the trading symbol, select yahoo, in yahoo for the fund select "profile", in profile i...
by JW Nearly Retired
Wed Oct 22, 2014 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do all mutual funds have 12b-1 fees?
Replies: 23
Views: 1233

Re: Help with parent's investments

Thanks for the suggestions! It sounds like step one is moving both IRAs to Vanguard. Since contributions to the tIRA will not be possible after next summer, do you suggest combining the 403b and tIRA in a new tIRA and keeping the Roth separate, or combining all three in a new Roth and paying the ta...
by JW Nearly Retired
Wed Oct 22, 2014 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with parent's investments
Replies: 5
Views: 668

Re: What tax software do you use and why

H&R Block at home, Deluxe. I got a free version a couple of years ago but paid for a download last year. Same here. Have used the H&RB product for something like 15 years now...... ever since TT did something that I disliked concerning the number of family member returns they would do. (or ...
by JW Nearly Retired
Tue Oct 21, 2014 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: What tax software do you use and why
Replies: 54
Views: 2538

Re: How do you wash your car?

Every couple of months when it looks really dirty I take it to a big conveyor belt car wash and pay the $15 plus tip. They wash it, clean & vacuum the interior, and dry it all off in less than 10 minutes. Just about as long as it takes me to finish the complementary bag of popcorn. We almost nev...
by JW Nearly Retired
Mon Oct 20, 2014 10:20 am
 
Forum: Personal Consumer Issues
Topic: How do you wash your car?
Replies: 129
Views: 5434

Re: Yet another Roth vs Traditional 401k question

I have not factored those in yet. Since it's 20 years or more away I've been keeping it pretty simple. I was not aware of the exemption for Georgia at all. That definitely makes things interesting however if we retire at 57 and you have to be 62 that changes things but if we plan to stay in Georgia...
by JW Nearly Retired
Mon Oct 20, 2014 9:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Yet another Roth vs Traditional 401k question
Replies: 4
Views: 544

Re: What's a good fund to do a backdoor Roth IRA with?

Why would you care if you were out of the market for a few days with a small percentage of your portfolio? On average, you might gain a few cents, but if it requires more bookkeeping, I would avoid it. It doesn't require any more bookkeeping. Only difference is the 8606 taxable amount of the conver...
by JW Nearly Retired
Mon Oct 20, 2014 9:26 am
 
Forum: Investing - Theory, News & General
Topic: What's a good fund to do a backdoor Roth IRA with?
Replies: 5
Views: 572

Re: Is the backdoor Roth IRA legal?

IMO, of course it is legal. The only change was to remove the income limit for making IRA to Roth conversions. This gives an incentive for high income people to do conversions of big existing IRAs and pay big immediate taxes, which is the whole point of the change. That a few little guys with nothin...
by JW Nearly Retired
Sun Oct 19, 2014 8:56 pm
 
Forum: Investing - Theory, News & General
Topic: Is the backdoor Roth IRA legal?
Replies: 13
Views: 1728

Re: Is Roth 401k better even if future tax bracket is lower?

The break even point assumes that all contributions and withdrawals are taxed at the same rate. But if one doesn't have a pension or other significant sources of income, such that withdrawals span multiple brackets, one should consider the average tax rate on withdrawals, which will be smaller than...
by JW Nearly Retired
Fri Oct 17, 2014 9:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Is Roth 401k better even if future tax bracket is lower?
Replies: 15
Views: 1899

Re: Relatively new here. What did you do in 2008/09

The answers here are very interesting. Most remind me of the old Mike Tyson quote: "Everybody has a plan until they get punched in the mouth." +1 Has anyone tried to make a count of what percentage in the thread followed their personal plan of what to do? i.e., how many of us Bogleheads s...
by JW Nearly Retired
Tue Oct 14, 2014 8:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 6824

Re: Need dispensation to pay ROTH conversion taxes from tIRA

JW Nearly Retired wrote: Do not ever back away from your plan to delay SS and make that income stream as large as possible. DH delayed SS until 67, but we think since I, a retired teacher, will not have survivor benefits, it is time to take SS. That's a good reason. Are you going to be at an income...
by JW Nearly Retired
Tue Oct 14, 2014 4:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 787

Re: Need dispensation to pay ROTH conversion taxes from tIRA

We started saving in tax-deferred accounts at Vanguard on a regular basis in our early 30’s so our tax-deferred investments, along with my pension and DH's social security will require us to pay very consequential RMD taxes. I can certainly attest that pension + social security + RMDs is a recipe f...
by JW Nearly Retired
Tue Oct 14, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 787

Re: Relatively new here. What did you do in 2008/09

Was it hold hold hold or was it like crap, this isn't working! I've always followed hold hold hold onto your bonds. Our 60/40 AA rebalance bands are +5%/-never.....i.e., never sell any bonds to rebalance. That boils down to a zero need for any bear market trigger pulling decisions, and that elimina...
by JW Nearly Retired
Tue Oct 14, 2014 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 106
Views: 6824

Re: New to investing - Is this a good idea?

I honestly am not scared of risk and I know the market will always keep me up over the long haul so I'd like to put it all in vtsmx or admiral shares (if I deposit the entire 15k) I'm at a point now where I"m saving a LOT and spending hardly anything. I'm becoming addicted to saving money. Eve...
by JW Nearly Retired
Tue Oct 14, 2014 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: New to investing - Is this a good idea?
Replies: 6
Views: 856

Re: Considering a more aggressive AA than age = bonds

My AA is age - 10 = bonds + pension balance. As my portfolio and income grows, I'm considering becoming more aggressive. I know I don't want to be 100% stocks, but I feel that I have the ability and willingness to be more aggressive. It seems like age +/- x = bonds is the most common AA, but what a...
by JW Nearly Retired
Tue Oct 14, 2014 9:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering a more aggressive AA than age = bonds
Replies: 41
Views: 3267

Re: Gifting planning for upper 60s widowed.

My surviving parent has pretty much decided to gift $14K each to 2 children (28K) one time only, at least for now. These will most likely come from a taxable account, Ohio Tax-Exempt Money Market (VOHXX) which currently has $35K in it. We talked to a Flagship rep today who was pushing for an "...
by JW Nearly Retired
Mon Oct 13, 2014 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting planning for upper 60s widowed.
Replies: 30
Views: 2314

Re: lump sum now vs pension later?

Suggest you see what monthly payments you can get if you take the $101k lump sum now, and immediately purchase an annuity to start when you are 65. See if the pension is more or less than this commercial market annuity?
https://www.immediateannuities.com/
JW
by JW Nearly Retired
Sun Oct 12, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: lump sum now vs pension later?
Replies: 45
Views: 3879

Re: Wells Fargo Advisor Sales Load/Fee Question

She says the advisor reportedly told her there will be a $500-600 fee to sell on top of the taxes (capital gains).....I'm trying to figure out what this fee might be? Any ideas? Usually when I buy and sell common stock, it's an $8 fee at Optionsexpress, the online outfit I use, so trying to figure ...
by JW Nearly Retired
Fri Oct 10, 2014 9:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wells Fargo Advisor Sales Load/Fee Question
Replies: 6
Views: 441

Re: I want to start to investing for my wife

Now, I've been thinking about opening a 457(b) or 403(b) for her through her employer, I think the 457(b) is better since it provides flexibility for her if she leaves teaching for something else. She already contributes 7% of her salary through a mandatory deduction towards a pension, but I've bee...
by JW Nearly Retired
Fri Oct 10, 2014 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: I want to start to investing for my wife
Replies: 11
Views: 1051

Re: Need help with 401k Allocations

HHI? .......... Herfindahl–Hirschman Index? Really? :D
JW
by JW Nearly Retired
Fri Oct 10, 2014 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help with 401k Allocations
Replies: 18
Views: 1035

Re: Roth IRA Funds

Can I simply trade these shares/money to Fidelity's Spartan fund without getting a fee or paying any taxes on this? My income is going to increase next year so this is the last year I have to be able to contribute to the ROTH IRA. This sounds like you may even have some worry that being unable to c...
by JW Nearly Retired
Fri Oct 10, 2014 1:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Funds
Replies: 7
Views: 462

Re: Interesting statistical observations

Point 1 is accurate but a bit misleading - that 68% drop equates to only about $8,000 ($11K vs. $3K). What's more distressing to me is the change in the 35-44 age group - in 1984 the median net worth was $71K, and 25 years later it was only about $40k in 2009 (inflation adjusted dollars). I don't k...
by JW Nearly Retired
Fri Oct 10, 2014 11:50 am
 
Forum: Investing - Theory, News & General
Topic: Interesting statistical observations
Replies: 8
Views: 650

Re: Is a fall in portfolio value "only on paper"?

Here's what INVESTOPEDIA says INVESTOPEDIA EXPLAINS 'CAPITAL LOSS' A capital loss is essentially the difference between the purchase price and the price at which the asset is sold, where the sale price is lower than the purchase price. For example, if an investor bought a house for $250,000 and sol...
by JW Nearly Retired
Fri Oct 10, 2014 11:16 am
 
Forum: Investing - Theory, News & General
Topic: Is a fall in portfolio value "only on paper"?
Replies: 86
Views: 3618

Re: SS Benefits for Recently Divorced - No longer Talking Sp

Pretty sure divorced spousal benefits can be taken even if the other spouse has not filed for their own benefits. They don't need to cooperate. Absolutely true, but they need to have been divorced for at least two years. And it appears that in this case they have not been. Oops, read the OP post mu...
by JW Nearly Retired
Thu Oct 09, 2014 11:45 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefits for Recently Divorced - No longer Talking Spouse
Replies: 10
Views: 1796

Re: SS Benefits for Recently Divorced - No longer Talking Sp

Pretty sure divorced spousal benefits can be taken even if the other spouse has not filed for their own benefits. They don't need to cooperate.

see http://www.ssa.gov/retire2/divspouse.htm
JW
by JW Nearly Retired
Thu Oct 09, 2014 12:22 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefits for Recently Divorced - No longer Talking Spouse
Replies: 10
Views: 1796

Re: Stock shares gifting to wife (both spouse not US citizen

I want to gift some of my employee stock purchase plan (ESPP) shares to my wife. The following are facts: 1) Both my wife and I are not US citizen, not even permanent resident. We are temporary work permit holder but living in USA for several years now. 2) The ESPP shares I want to gift to my wife ...
by JW Nearly Retired
Wed Oct 08, 2014 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Stock shares gifting to wife (both spouse not US citizen)
Replies: 10
Views: 618

Re: Investor club

It was never clear exactly what this offer really was as the questions from dbr were never answered. Was this something like a stock option, profit sharing, or was it a club started by the employees? You said "one year into this" but it's been close to 4 year since your OP. Are you saying...
by JW Nearly Retired
Wed Oct 08, 2014 4:20 pm
 
Forum: Investing - Theory, News & General
Topic: Investor club
Replies: 15
Views: 1813

Re: Investor club

OP,
Unlikely your company is GT Advanced Technologies Inc. (GTAT), but this is still a good reminder of what could happen.
viewtopic.php?f=10&t=148446&newpost=2217748
JW
by JW Nearly Retired
Wed Oct 08, 2014 10:34 am
 
Forum: Investing - Theory, News & General
Topic: Investor club
Replies: 15
Views: 1813

Re: Seeking Investment/Financial Advice for Married Couple

piprags,
How big is this loan and what are the interest rates? You have a $310k gross income so I'm not seeing why you have a problem.
JW
by JW Nearly Retired
Tue Oct 07, 2014 7:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Investment/Financial Advice for Married Couple
Replies: 9
Views: 552

Re: Backdoor Roth Contribution Date

Seems like 2 different concepts are being mixed here: contributions and conversions. Since there is an annual limit on contributions but not on conversions, the important deadline is for contributions, not conversions, so OP is correct about the timing of the non-deductible contribution to TIRA. Ye...
by JW Nearly Retired
Tue Oct 07, 2014 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Contribution Date
Replies: 9
Views: 581

Re: Backdoor Roth Contribution Date

I plan on doing a backdoor Roth IRA contribution for the 2014 tax year. Can I contribute $5500 in January 2015 to a non-deductible IRA then roll it over to a Roth and have it count for the 2014 tax year? There is no such thing as a "backdoor Roth IRA contribution" it's just a non-deductib...
by JW Nearly Retired
Tue Oct 07, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Contribution Date
Replies: 9
Views: 581

Re: Post disappeared before being posted

If you check the "log me in automatically......" box when you log in then it never times you out.
JW
by JW Nearly Retired
Tue Oct 07, 2014 2:30 pm
 
Forum: Forum Issues and Administration
Topic: Post disappeared before being posted
Replies: 20
Views: 1253

Re: Is the IRA custodian responsible for initiating RMDs?

I think I recall always getting a 5498 for all accounts, whether there was any account activity or not. The form instructions seem to confirm that. It tells you the FMV of the account as of 12/31/xxxx, from which you can calculate your RMD. The information on Form 5498 is submitted to the Internal ...
by JW Nearly Retired
Tue Oct 07, 2014 12:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is the IRA custodian responsible for initiating RMDs?
Replies: 26
Views: 1456

Re: Is the IRA custodian responsible for initiating RMDs?

Let's not confuse tax forms here. The 5498 is only issued by your custodian in years when you put money into your IRA. Money coming out of your IRA should be reported on a 1099R. So he should have copies of 1099R forms for every year he took an RMD. If he does not, he has no way of proving he took ...
by JW Nearly Retired
Tue Oct 07, 2014 10:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Is the IRA custodian responsible for initiating RMDs?
Replies: 26
Views: 1456

Re: IRA transfer to different provider, 1099-R, 5498 confusi

I think this is another example of why you should talk only to the receiving party and not the one that is giving up your money to the competition. I've moved IRAs several times (a Fido IRA was one) and I only talked to the receiving company (Vanguard) to get it done (actually just filled out their ...
by JW Nearly Retired
Mon Oct 06, 2014 9:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA transfer to different provider, 1099-R, 5498 confusion
Replies: 18
Views: 1357

Re: "Vanguard converting mutual fund accounts to brokerage?

Fidelity used to have a dual-mode system like Vanguard, having mutual fund account separately from the brokerage. I kept a mutual fund-only account for many years after they merged their brokerage operation and fund operation. I was even allowed to create a new mutual fund-only account later when t...
by JW Nearly Retired
Mon Oct 06, 2014 9:04 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 76
Views: 8753

Re: Timing vs Dollar-cost

I was talking to a colleague today and he said that he initially deposits his retirement monies into a money market and then looks at the chart will buy mutual funds every few months or so as per his AA. He feels that since he has 20-25 years for retirement, he can afford to do this. Is this a bett...
by JW Nearly Retired
Mon Oct 06, 2014 8:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Timing vs Dollar-cost
Replies: 5
Views: 662

Re: Would like to simplify my investments...

IRA (can contribute $5,500/yr): Vanguard REIT $11,000=4% If you are in the 33% bracket you can't be deducting your IRA contributions. Have you done 8606 forms to document your non-deductible basis? If so do a Roth conversion of this account balance and keep on contributing/converting in years hence...
by JW Nearly Retired
Mon Oct 06, 2014 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would like to simplify my investments...
Replies: 21
Views: 1793

Re: Capital loss carryover in the (almost) 15% bracket

Convert 3k into the 25% bracket. You will write 3k of your losses against OI from the conversion (@25%) and the rest against the dividends (at 15%). There is no way to avoid the write off against dividends so you should try to do it in a year where you would have paid 15% instead of 0%. This is ass...
by JW Nearly Retired
Mon Oct 06, 2014 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital loss carryover in the (almost) 15% bracket
Replies: 7
Views: 500

Re: Investor club

Update - One year into this these are the results - Investment of 600K, return of just over 35K. No expenses. Advertised rate of return was/is 5.85%. Original post received mostly negative responses. I am now retired so the employee/employer relationship is no longer an issue. Any thoughts? Being r...
by JW Nearly Retired
Mon Oct 06, 2014 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: Investor club
Replies: 15
Views: 1813

Re: Pension buyout...take annuity now or later?

Looks like the OP and I have the same former employer. Though I still have not received the formal packet of information. I had been thinking that I would take the lump sum but from reading this thread, it looks like it may not be such a good idea. Does anything change if there is no spouse to inhe...
by JW Nearly Retired
Mon Oct 06, 2014 10:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension buyout...take annuity now or later?
Replies: 20
Views: 1454

Re: Roth or not?

Zabar - good points. I read the link you posted and it appears the step doctrine should not apply (as per the link at least). Bill - would it matter whether it is money market or something else? The fact that I will convert from TIRA to Roth in 1-2 days shouldn't lead to any agains. Or am I missing...
by JW Nearly Retired
Mon Oct 06, 2014 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth or not?
Replies: 13
Views: 1343

Re: I am surely doing something wrong (FireCalc question)

I will try some of the other calculators mentioned upthread so I can get a better answer. Do you have one you use/like/recommend? Try mine. I use it and like it and recommend it! Retiree Portfolio Model Yes, I like BigFoot's very much too. Much easier to see exactly what is going on. :beer JW
by JW Nearly Retired
Mon Oct 06, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: I am surely doing something wrong (FireCalc question)
Replies: 45
Views: 3983

Re: Is it normal to lose $$$?

I'm still thinking OP paid some kind of outlandish fees to make these changes but doesn't know how much they were. That's probably the missing 1.5% from his losses.
JW
by JW Nearly Retired
Mon Oct 06, 2014 8:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Is it normal to lose $$$?
Replies: 26
Views: 3988

Re: Is it normal to lose $$$?

A recent conversion to boglehead 3 funds portfolio has caused my portfolio to lose around 5% of my total asset. I plan to stay on course for a long time (10+ yrs); however, the amount seems high to me. My question is: is it normal to lose money switching to 3 funds portfolio? How much did you lose ...
by JW Nearly Retired
Sun Oct 05, 2014 11:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it normal to lose $$$?
Replies: 26
Views: 3988

Re: Finding inexpensive funds to use to avoid wash sales

... I can't see why that wouldn't work out well. JW There's no reason at all to suppose it wouldn't. The reaction was to OP's later post disclaiming Total International as a possibility, on the grounds it's an index fund, rather than being actively managed as suggested in the Fairmark article. The ...
by JW Nearly Retired
Sun Oct 05, 2014 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: Finding inexpensive funds to use to avoid wash sales
Replies: 17
Views: 951

Re: Finding inexpensive funds to use to avoid wash sales

I'm curious though, where does this advice to buy an active fund when harvesting an index fund come from and how widespread is it? The OP noted where it came from and provided a link. Hint: Kaye Thomas is a well-respected tax guru. In the link she he was suggesting something a little different from...
by JW Nearly Retired
Sun Oct 05, 2014 8:15 pm
 
Forum: Investing - Theory, News & General
Topic: Finding inexpensive funds to use to avoid wash sales
Replies: 17
Views: 951

Re: ?Which Funds to chose in Vangaurd?

Thanks a bunch for the replies, fellas! Much obliged. Regarding my FA...yes I will be comparing apples to apples, so to speak: I will be using the same AA which is approx 80/20. He does incorporate bonds into my portfolio, but uses them in tax sheltered accounts. This is where it gets dicey as I do...
by JW Nearly Retired
Sun Oct 05, 2014 9:10 am
 
Forum: Investing - Help with Personal Investments
Topic: ?Which Funds to chose in Vangaurd?
Replies: 9
Views: 816

Re: I am surely doing something wrong (FireCalc question)

Sounds like part of your research is to see how the state will tax your retirement age earnings. In our state we are not taxed at all on both our social security payments and one pension. That means state taxes are about nothing. State taxes vary so in some states taxes are a big deal. In my state ...
by JW Nearly Retired
Sat Oct 04, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: I am surely doing something wrong (FireCalc question)
Replies: 45
Views: 3983
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