Search found 1150 matches

Return to advanced search

Re: Vanguard S&P 500 and Roth IRA

You can purchase VOO and have etrade reinvest the dividends and capital gains in an IRA. The ETF has the same expense ratio as the admiral version of the mutual fund. You have to have $10000 invested in the mutual fund to get admiral shares with Vanguard. You will get investor shares if you buy the ...
by SGM
Fri Feb 27, 2015 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard S&P 500 and Roth IRA
Replies: 3
Views: 495

Re: How much is a pension worth?

Do you have to be employed 20 years to get anything? I was vested after 5 years employment allowing me to get what the company had matched in my 401k and a small pension that I took 7 years ago. It looked good compared to the immediate annuities web site estimates and given longevity in DWs family t...
by SGM
Fri Feb 27, 2015 5:46 am
 
Forum: Investing - Help with Personal Investments
Topic: How much is a pension worth?
Replies: 23
Views: 3470

Re: physicians [Frustrated, considering early retirement]

My career as a doctor was relatively short, but I had already had two other successful careers before entering medical school later in life. Even though I was warned by older doctors not to go into medicine, I did so any way and enjoyed the practice of medicine immensely for 20 years plus. It was a ...
by SGM
Thu Feb 26, 2015 6:15 am
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 8275

Re: How much did you have saved up for retirement at age 30?

I was retooling in grad school at age 30. I was greatly increasing my human capital at the expense of savings. It was well worth the investment and fun. I repeated the experience a dozen years later. By that time I had a considerable amount of retirement investments and had earned a small pension an...
by SGM
Tue Feb 24, 2015 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 168
Views: 10909

Re: Spouse Contribution to Solo 401(k)

Limits for the 401k portion are 18K for age under 50 and 24K for 50 or greater for 2015. Then there is a profit sharing component that can bring it up to 53K or 59K for age greater than 50. If you are looking to greatly increase your family solo 401k amount and your business has sufficient income de...
by SGM
Sun Feb 22, 2015 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spouse Contribution to Solo 401(k)
Replies: 7
Views: 407

Re: Does early retirement affect SS benefits?

Prior to her full retirement age she will only be able to take the higher of her own benefit or a spousal. At her FRA she could choose to take a spousal benefit even if it was lower than her own benefit. This assumes that the husband has filed and suspended and has reached his FRA. You can access th...
by SGM
Sun Feb 22, 2015 6:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Does early retirement affect SS benefits?
Replies: 16
Views: 2296

Re: Pick-Pockets

Family members foiled 3 separate pick pocket attempts in European cities. All were foiled by aggressive defensive maneuvers. The most despicable attempt was by a mother who sent her two young children to hug me as a tourist in a large city. I saw them coming and these long legs and arms kept the cri...
by SGM
Sat Feb 21, 2015 4:38 pm
 
Forum: Personal Consumer Issues
Topic: Pick-Pockets
Replies: 63
Views: 5084

Re: "Delaying IRA contributions until April can cost you."

I always put money into an IRA as soon as I could afford to do it usually I sent it in to be received soon after Jan 1 of the tax year. I was following the advice to "pay yourself first," which came naturally to me. If I thought tax deferred was a better place for the money than in taxable...
by SGM
Thu Feb 19, 2015 11:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Delaying IRA contributions until April can cost you."
Replies: 4
Views: 887

Re: Should I Quit My Job

The military can be an excellent career path. Several friends who joined the military and are now retired are happy with their health benefits despite what one reads about the VA. Health care can be one of the biggest expenses in retirement. I was a little surprised 30 years ago when a friend left a...
by SGM
Wed Feb 18, 2015 5:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I Quit My Job
Replies: 46
Views: 6271

Re: Shared personal/biz expenses on a biz credit card?

I used a business card to purchase items that had a dual purpose and were absolutely necessary to the business. I estimated the percentage used for business and reported it on the business tax forms. It was never a problem. Others I know have had their deductions questioned by the IRS. My deductions...
by SGM
Wed Feb 18, 2015 4:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Shared personal/biz expenses on a biz credit card?
Replies: 10
Views: 532

Re: Pfau: Four Risks of Retirement Income

Nisiprius, I wondered the same thing about the FIA. Wade explains it here...and I still wonder. What's the cost on such a thing? With the onslaught of the baby boomers and the expected corresponding demand for investment control, a new generation of risk-pooled income evolved. These were genericall...
by SGM
Mon Feb 16, 2015 9:15 am
 
Forum: Investing - Theory, News & General
Topic: Pfau: Four Risks of Retirement Income
Replies: 31
Views: 4322

Re: Switch American Funds to Vanguard?

Since you have such a low income tax rate open a Roth at Vanguard. You have up until April 15 of this year to open an account for 2014. You could use a target date fund or the total stock market fund. Call Vanguard they will help you. Your current advisor will try to talk you out of moving your acco...
by SGM
Sun Feb 15, 2015 8:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Switch American Funds to Vanguard?
Replies: 24
Views: 1636

Re: Using a 529 as retirement income?

I was looking through the IRS publication 970 and it was not clear to me if you took courses at a qualified institution without credit would tuition and fees still qualify as a covered expense for tax free withdrawals. I think you will get a 1098-T even if the courses are not credit. I haven't check...
by SGM
Sat Feb 07, 2015 6:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Using a 529 as retirement income?
Replies: 9
Views: 1052

Re: What to buy sweetie for Valentine's Day

Give her a membership to the Frick Museum.
by SGM
Thu Feb 05, 2015 7:14 pm
 
Forum: Personal Consumer Issues
Topic: What to buy sweetie for Valentine's Day
Replies: 97
Views: 5730

Re: Fidelity or Vanguard

Vanguard has never cold called me to buy an investment. A Fidelity agent did so 4 years ago. It was an inappropriate annuity product. Maybe this was a rogue agent. He didn't seem to get the message immediately which I don't understand because I can be very abrupt with unwanted sales calls. It is a l...
by SGM
Wed Feb 04, 2015 5:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity or Vanguard
Replies: 31
Views: 2981

Re: How to respond when someone asks how much money you make

There were lots of salary surveys in my specialty and other specialties that preclude the need to discuss work earnings with my former colleagues. Ever since I went out on my own as well as working part time as an independent contractor I realized I had much lower overhead than most others in my fie...
by SGM
Sun Feb 01, 2015 3:44 am
 
Forum: Personal Finance (Not Investing)
Topic: How to respond when someone asks how much money you make?
Replies: 107
Views: 10332

Re: Wiki comments requested: The importance of asset allocat

I like Bernstein's point of view that AA changes over time. I don't see the need to make a statement that AA is more important than fund selection. If one picked high cost funds that may not be the case at all. It is logical to pick AA before picking specific funds, but the importance of AA vs. spec...
by SGM
Sat Jan 31, 2015 4:14 am
 
Forum: Investing - Theory, News & General
Topic: Wiki comments requested: The importance of asset allocation
Replies: 208
Views: 10285

Re: Thinking of switching from Turbo-Tax

I have used H&R Block Premium with Business for many years. I switched when Turbo Tax required too much personal information one year. The price was less and it seemed to have similar results. I never E-file. Recently I have had free copies of Turbo Tax but still prefer paying for H&R Block ...
by SGM
Sat Jan 31, 2015 3:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Thinking of switching from Turbo-Tax
Replies: 26
Views: 1849

Re: New career as Financial Planner late in Life?

Tough to develop a large enough group of clientele to make it worthwhile financially I would think. Long time financial planner and CPA relative will never retire although he can well afford to. He has too much fun and makes money hand over fist. He is not a BH type though.
by SGM
Fri Jan 30, 2015 8:22 am
 
Forum: Personal Finance (Not Investing)
Topic: New career as Financial Planner late in Life?
Replies: 29
Views: 2815

Re: I'm thinking about making very large 529 contributions A

For most wealthy grandparents they would be better off paying tuition directly than making a lump sum if the grandchildren are near college age. Direct payment of tuition or medical bills does not count towards the 14K limit of tax free gifts.
by SGM
Wed Jan 28, 2015 7:28 am
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 71
Views: 5416

Re: Do Bogleheads' Children Qualify For Need Based College A

Price discrimination is charging different prices, relative to costs, to different buyers of the same product. The colleges hold all the cards. They know what you have and will charge accordingly. Gee why don't they let the guy who collects for your ticket at the movie theater know your assets so he...
by SGM
Tue Jan 27, 2015 6:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads' Children Qualify For Need Based College Aid?
Replies: 35
Views: 3204

Re: "Its Time To End Financial Advisers 1% Fees"

Although, I am not generally in favor of financial advisors, I am familiar with one advisor who has greatly helped a somewhat irresponsible person handle inherited property. A lot of safeties have been built into the trust because the past history of the client was well known to the benefactors. The...
by SGM
Mon Jan 26, 2015 10:23 pm
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 8219

Re: Flagship financial planner advice?

I am with BillyG on the 0.3% being a lot to pay for what amounts to rebalancing and Vanguard answering your phone calls a little quicker. Unless you think you are going to panic and sell whenever the market crashes despite the advice to the contrary on this forum avoid the extra expense. You will ge...
by SGM
Mon Jan 26, 2015 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship financial planner advice?
Replies: 54
Views: 5406

Re: "Its Time To End Financial Advisers 1% Fees"

I don't use financial advisers although I will read and listen to a number of advisers. I will gladly buy their books, but to pay for AUM is not worth it. I have seen a trust fund run into the ground by a large bank that is more interested in their own bottom line than that of the beneficiaries. The...
by SGM
Mon Jan 26, 2015 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 102
Views: 8219

Re: Leaving Edward Jones...Now What??

Open up traditional IRAs you can always convert later even this year if you want to. Transfer daughter's UTMA to Vanguard. You could use the New York 529 plan. I don't know much about the Illinois 529 plan, but you could easily find comparisons on the net. With a twenty year outlook Total Stock Mark...
by SGM
Sun Jan 25, 2015 5:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Leaving Edward Jones...Now What??
Replies: 14
Views: 1656

Re: Surviving the Tax Bite of RMD Withdrawals in Retirement

I am fully aware of the possibility of high medical expenses late in life becoming deductible. However this event should it happen will likely occur 25 to 40 years after the Roth conversions in my case. I know nursing homes thoroughly and it is unlikely I will ever spend any time in one. If you are ...
by SGM
Sat Jan 24, 2015 10:03 am
 
Forum: Investing - Theory, News & General
Topic: Surviving the Tax Bite of RMD Withdrawals in Retirement
Replies: 79
Views: 7146

Re: Surviving the Tax Bite of RMD Withdrawals in Retirement

Can't read the article and I decline to register. I will never have an RMD since I began Roth conversions in 2010 and completed the last 5% this January. All taxes were paid out of a taxable account. I considered the Roth conversions a wash if your tax rates don't go down in retirement. At the 25% b...
by SGM
Fri Jan 23, 2015 11:51 pm
 
Forum: Investing - Theory, News & General
Topic: Surviving the Tax Bite of RMD Withdrawals in Retirement
Replies: 79
Views: 7146

Re: I'm thinking about making very large 529 contributions A

Already lump summed years ago. Both kids are out of school. No grandchildren yet. I will probably leave the excess in the plan for now. Maybe the children will go to grad school. Nothing recently reported will make a difference in my plan. A well-known couple has reportedly put $240,000 into 529s ba...
by SGM
Fri Jan 23, 2015 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 71
Views: 5416

Re: Am I making a mistake being too conservative?

A different opinion from a long time successful investor: I think 40/60 is too conservative for someone with a lot of human capital left. At age 30 I would not lose sleep if the stock market dropped. I would invest more in it. Yeah, we could have a long dead stock market like Japan has had, but I do...
by SGM
Wed Jan 21, 2015 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: Am I making a mistake being too conservative?
Replies: 58
Views: 7637

Re: Newly retired, seeking wisdom

I closed what was left of my solo 401k and put it into an IRA. This year I converted the IRA to a Roth. There was no amount withheld by the Roth custodian. I sent off the estimated taxes on my own. So I think that is the best way to handle it if you are going to pay low or no taxes on the conversion...
by SGM
Wed Jan 21, 2015 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newly retired, seeking wisdom
Replies: 10
Views: 1545

Re: Review a 26 year old's portfolio - Update 2

I assume the taxpayers are subsidizing the MF administrative expenses to keep the ERs so much lower than Vanguard ERs. I agree with slowly selling individual stocks. In the future buy ETF or MFs in the brokerage account. Expense ratios have a more significant effect after you accumulate a larger pile.
by SGM
Wed Jan 21, 2015 5:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Review a 26 year old's portfolio - Update 2
Replies: 42
Views: 5013

Re: Is a Traditional Annuity ever worth it?

I have a similar savings annuity that pays almost 4% for deposits the last of which were made 5 years ago. I don't need the money for expenses, but I like the idea of getting the equivalent of a tax deferred CD until I decide what to do with it. It also acts as an insurance policy payable immediatel...
by SGM
Wed Jan 21, 2015 4:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Is a Traditional Annuity ever worth it?
Replies: 18
Views: 1422

Re: "When you've won the game, stop playing"

How do you know you've won before the game is over? It depends on the number of years of life expectancy and total income streams such as pensions and SS. I use life expectancy of 105 for spouse because of long lived parents. I don't care if we don't spend every penny we have. You could assume an i...
by SGM
Tue Jan 20, 2015 7:49 pm
 
Forum: Investing - Theory, News & General
Topic: "When you've won the game, stop playing"
Replies: 83
Views: 8597

Re: "Wining and dining" in medical community

Wining and dining is not necessary professionally in medicine unless you are a specialist who is not busy. Relationships develop via the shared interest in doing what is best for the patient. After all if you did not have that interest and did not communicate well with other physicians there could b...
by SGM
Tue Jan 20, 2015 4:56 am
 
Forum: Personal Consumer Issues
Topic: "Wining and dining" in medical community
Replies: 35
Views: 3568

T-mobile intrusive app

I have had a favorite website for determining 401k calculations. Now T-Mobile directs me to their search website automatically. To opt out you have to add a cookie. After successfully opting out, the website for the calculator continues to be redirected to T-Mobile's search site, but the computer do...
by SGM
Mon Jan 19, 2015 8:43 pm
 
Forum: Personal Consumer Issues
Topic: T-mobile intrusive app
Replies: 1
Views: 395

Re: A quick poll--pension annuity vs. lump sum

I took a pension annuity at age 59 with a 100% survivor benefit. Expectations of longevity figured into the calculation. Annuities pay less now than they did a few years ago. I did this to have diverse streams of income including SS and a second pension annuity, a possible immediate annuity and inco...
by SGM
Mon Jan 19, 2015 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: A quick poll--pension annuity vs. lump sum
Replies: 62
Views: 3835

Re: Vanguard or Somewhere Else (Solo 401k)

There really isn't a lot of paper work with a solo 401k. You don't have to fill out a 5500EZ until you reach 250K in assets or until you close the account. It is a 2 page form. Unless you take loans out from the 401k you only need the amount you put into the account for the year and the beginning an...
by SGM
Fri Jan 16, 2015 5:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard or Somewhere Else (Solo 401k)
Replies: 13
Views: 1583

Re: Burton Malkiel interview

I have been doing something similar to what Malkiel recommends for the last 3 years. I am aware treasuries are considered absolutely safe, but they do not pay out enough so I have corporate , munis and dividend paying stocks and funds on top of my Total Stock Market and Total International. There is...
by SGM
Thu Jan 15, 2015 11:26 am
 
Forum: Investing - Theory, News & General
Topic: Burton Malkiel interview
Replies: 12
Views: 1130

Re: Retirees: Do you work part-time for pay?

Retired since August, I do not work part-time. I did work part-time for about 3 years. However with the advent of comprehensive electronic health records, my part time work became too time consuming and clerical. I understand that physician volunteers at a local clinic have to use EHRs , so I think ...
by SGM
Thu Jan 15, 2015 5:24 am
 
Forum: Personal Consumer Issues
Topic: Retirees: Do you work part-time for pay?
Replies: 58
Views: 4981

Re: Getting out of Edward Jones ...

Vanguard costs for sale of stocks for accts in 50k to 500k (voyager services) range is $7 per online trade and $25 for telephone orders. Avoid telephone orders. However, talk with the Vanguard reps if you have questions. If you have muni bonds I would hold them to maturity in most cases. Cost of sal...
by SGM
Tue Jan 13, 2015 8:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Getting out of Edward Jones ...
Replies: 25
Views: 2663

Re: Nova Scotia in early summer, camping, with dog?

No recent history, but I hitchhiked through Nova Scotia in the late 60s. I camped rough on the Cabot Trail. Recent large forest fire gave mountainside a unique look. It was August and rainy. Scenery was beautiful despite being shades of grey. I learned to appreciate value as well as color in landsca...
by SGM
Mon Jan 12, 2015 10:46 am
 
Forum: Personal Consumer Issues
Topic: Nova Scotia in early summer, camping, with dog?
Replies: 11
Views: 1653

Re: Older Brother is a New MD

I would agree that he should pay off the higher interest loan first. I have never had an emergency fund as they are a drag on investment returns. Disability insurance might be worthwhile though. I would fund a Roth each year during residency as well and a Roth can function as an emergency fund if on...
by SGM
Mon Jan 12, 2015 8:44 am
 
Forum: Investing - Theory, News & General
Topic: Older Brother is a New MD
Replies: 24
Views: 3240

Re: How much is too much for tax deferred investing

I would definitely use Roth IRAs for yourself and wife. If there are Roth components in your other retirement accounts I would put some earnings into them as opposed to traditional tax deferred only. You peak earning years may be ahead so your tax rates may go up. Assuming Roth conversions will cont...
by SGM
Mon Jan 12, 2015 4:59 am
 
Forum: Investing - Help with Personal Investments
Topic: How much is too much for tax deferred investing
Replies: 23
Views: 3025

Re: Who's buying Oil stocks?

I have already bought and sold BP several times mostly in my solo 401k since the stock took a dive after the Gulf platform disaster. I have been a long term holder of Chevron and Exxon and have sold some yearly to diversify into index funds. I have owned Royal Dutch at times. I bought Exxon after th...
by SGM
Sun Jan 11, 2015 5:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Who's buying Oil stocks?
Replies: 76
Views: 8267

Re: What Movie Have You Recently Watched?

Mr. Turner. Excellent photography. Turner grunts a lot and lacks social graces. It held my interest throughout.
by SGM
Sat Jan 10, 2015 5:09 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 563
Views: 68921

Re: Thinking about retirement - it's depressing

... I would say values have a great deal of an effect on life satisfaction. ... Of course they do, but "values" is an entirely neutral term. Some people value money, some people value harmonious relationships, some people might value a poke in the eye with a sharp stick, or wearing blue u...
by SGM
Fri Jan 09, 2015 6:42 pm
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8589

Re: Thinking about retirement - it's depressing

A life of faith, curiosity, exploration, family, friends and creating memories, and humbling one's self will generally beat a life of luxury or the pursuit of material or professional accolades any day of the week. That's entirely subjective. Not everyone holds the same values. Not entirely subject...
by SGM
Fri Jan 09, 2015 5:04 pm
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8589

Re: Thinking about retirement - it's depressing

Intellectual challenge and altruism are high on my list of interests. That is how I was able to work so many years without burnout. It is easy enough to burn out if you do not take some time to enjoy things along the way to making your fortune. But intellectual challenge is a key to happiness at wor...
by SGM
Fri Jan 09, 2015 11:08 am
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8589

Re: Thinking - it's depressing

Maybe you should read more Shakespeare? :wink:

Cassius: Men at some time are masters of their fates:
The fault, dear Brutus, is not in our stars,
But in ourselves.....
by SGM
Fri Jan 09, 2015 5:39 am
 
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 8589

Re: Any art "investors" here?

Don't buy a "Picasso" on a cruise ship as a relative did. We visited a shop next to a breakfast joint we like. The new owner had many expensive Picasso's throughout the shop. We thought it quite odd that we could be so close to so many expensive paintings that could be easily damaged in so...
by SGM
Thu Jan 08, 2015 5:47 am
 
Forum: Personal Consumer Issues
Topic: Any art "investors" here?
Replies: 69
Views: 6005
Next

Return to advanced search