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Re: Bonus - Where to apply it?

MamaBear05 wrote:Thank you all. The $4000 is my estimate of what I will receive after taxes. My plan does allow me to contribute and get the company match while I am repaying my loan. I will start the contributions back up immediately.


Good. You can't afford to throw away a free match.
by dickenjb
Sat Sep 06, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Bonus - Where to apply it?
Replies: 18
Views: 1570

Re: What is the expected return of this portfolio over 50 yr

It is very important to get this correct 2 places after decimal - in my calculations a 0.05% difference in expected return compounded over 50yrs will determine whether I go the poorhouse or retire successfully. Any help will be much appreciated. This is a joke, right? You will be lucky to get the n...
by dickenjb
Sat Sep 06, 2014 11:17 am
 
Forum: Investing - Theory, News & General
Topic: What is the expected return of this portfolio over 50 yrs
Replies: 21
Views: 1168

Re: Bonus - Where to apply it?

Does your plan bar you from making contributions while the loan is in place? Or for a set period of time after taking the loan? First priority should be to restart 401(k) contributions to the match as you are giving away free money.
by dickenjb
Sat Sep 06, 2014 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Bonus - Where to apply it?
Replies: 18
Views: 1570

Re: Help! Need to Calculate Money Owed To Me

OP posted last night so maybe he will provide an update. I am curious whether the prime rate was agreed or is an afterthought. Unusual that no promissory note was executed. I will send OP a PM in hopes that he will update this thread. "Inquiring minds want to know".
by dickenjb
Sat Sep 06, 2014 8:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Help! Need to Calculate Money Owed To Me
Replies: 32
Views: 2377

Re: Where to invest after 401k & IRA are Maxed

Both VTSAX and VTIAX are very suitable, tax efficient investments for a taxable account. If suitable for someone in your tax bracket, VWIUX is another option.
by dickenjb
Sat Sep 06, 2014 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to invest after 401k & IRA are Maxed
Replies: 8
Views: 743

Re: "Funding" a Future Tax Liability from a Roth Conversion

If you cannot pay the taxes for Roth conversion from taxable moneys you should not be doing Roth conversions. I have no idea why investing money in taxable makes you believe you have to reduce your equity allocation. VTSAX is a fine tax efficient investment in a taxable account, as is VTIAX. Keep yo...
by dickenjb
Fri Sep 05, 2014 6:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Funding" a Future Tax Liability from a Roth Conversion
Replies: 5
Views: 275

Re: need help with basic investing math

How about your scenario is perfectly plausible but then it starts going up again?

[OT comment removed by admin LadyGeek]
by dickenjb
Fri Sep 05, 2014 6:47 pm
 
Forum: Investing - Theory, News & General
Topic: need help with basic investing math
Replies: 18
Views: 1156

Re: Vanguard Healthcare Fund [Portfolio help]

No, it would not add diversification, it would overweight health care which you already own at market weight.

You have a great portfolio now.

Resist the urge to tinker with it.
by dickenjb
Fri Sep 05, 2014 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Healthcare Fund [Portfolio help]
Replies: 12
Views: 951

Re: 1st Post: Contributions & 401k Fund Questions

Hello! I just found this website and am super excited! I have just jumped into personal finance and am really motivated to learn as much as I can! Thanks for all your help in advance. I apologize if anything is not correct. Emergency Funds: 12k (in the process of rebuilding – my AC went out in the ...
by dickenjb
Fri Sep 05, 2014 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: 1st Post: Contributions & 401k Fund Questions
Replies: 7
Views: 490

Re: Salary Info double standard?

It is pretty simple really, let's say the company is trying to fill a certain position at a Hay Grade of XYZ and the range for that position is $80K to $120K with a midpoint of $100K. Let's say you personally are looking to start with them at $110K. It is pretty clear that if they hired you, they wo...
by dickenjb
Fri Sep 05, 2014 10:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Salary Info double standard?
Replies: 53
Views: 4204

Re: Why no more Vanguards

Fidelity has its Spartan funds which are pretty much competitive with Vanguard's offerings. But I am sure they push their active funds and their high priced Fidelity Advisory Services offerings because that is where they make the big bucks.
by dickenjb
Fri Sep 05, 2014 8:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Why no more Vanguards
Replies: 36
Views: 4864

Re: Own individual stocks? Advisor recommends 20% in blue ch

Why should individual stocks appreciate more? The one thing we do know is that a small group of individual stocks is much riskier than an index fund. But that risk is not compensated by an increase in expected return. This is the fundamental argument against individual stocks. This is the fundament...
by dickenjb
Fri Sep 05, 2014 8:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Own individual stocks? Advisor recommends 20% in blue chips?
Replies: 38
Views: 2653

Re: Own individual stocks? Advisor recommends 20% in blue ch

nisiprius = I'm 40 yrs old (not retired). Thanks for the info. I believe his argument is that owning individual stocks "should" appreciate more than a fund, in the long term (20 yrs). I may be misunderstanding him, but that's what I got out his note. And that is utter nonsense. You either...
by dickenjb
Fri Sep 05, 2014 8:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Own individual stocks? Advisor recommends 20% in blue chips?
Replies: 38
Views: 2653

Re: Lawnmower/gas issues

Those Briggs and Stratton engines are junk. I had the exact same problem with a Toro mower. I replaced the engine with one from Harbor Freight which runs beautifully. Unless you are able to do this yourself I'd buy a new mower. The new Toro mowers are fitted with Kohler engines. Guess why? BS engin...
by dickenjb
Fri Sep 05, 2014 7:12 am
 
Forum: Personal Consumer Issues
Topic: Lawnmower/gas issues
Replies: 48
Views: 2034

Re: To Roth or Not to Roth for College Savings?

To clarify this and what letsgobobby stated, only earnings incur a 10% penalty + income tax. However withdrawals are pro-rata so you cannot separate your contributions from any earnings to avoid the penalty. Additionally, if you took a tax deduction on any contributions, you need to pay that deduct...
by dickenjb
Fri Sep 05, 2014 7:04 am
 
Forum: Investing - Theory, News & General
Topic: To Roth or Not to Roth for College Savings?
Replies: 4
Views: 432

Re: Help: do I need to transfer out of this SVF ?

I would play it safe and switch if it concerns you.
by dickenjb
Fri Sep 05, 2014 7:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Help: do I need to transfer out of this SVF ?
Replies: 9
Views: 613

Re: Lawnmower/gas issues

I have had the same exact problem with my snowblower. Even running it dry at the end of the season and using fuel stabilizer, twice I have had to take it in to have the carburetor cleaned. My guy also blames the ethanol and suggests I go to a marina and buy marine gas. I found a website that identif...
by dickenjb
Fri Sep 05, 2014 6:59 am
 
Forum: Personal Consumer Issues
Topic: Lawnmower/gas issues
Replies: 48
Views: 2034

Re: Own individual stocks? Advisor recommends 20% in blue ch

At least the advisor spelled "principal" correctly which is better than most of the folks around here who worry about invading their principle. In my opinion, the only reason to own individual stocks is to save the expense ratio. Now that VTSAX is at 0.05%, that argument gets very weak. I'...
by dickenjb
Fri Sep 05, 2014 6:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Own individual stocks? Advisor recommends 20% in blue chips?
Replies: 38
Views: 2653

Re: So, when does a market timer get back in?

bru wrote:I'll call him out. Or at least one of the posters on that thread. He never responded. Seems as if you already revisited it so I don't have to.

viewtopic.php?f=1&t=143988#p2140512


IIRC he is also the one who doesn't tip restaurant servers.
by dickenjb
Thu Sep 04, 2014 7:33 pm
 
Forum: Investing - Theory, News & General
Topic: So, when does a market timer get back in?
Replies: 54
Views: 5522

Re: IRA asset allocation and taxes

If by taking all your living expenses out of the TIRA you are using up all the of the 10% and 15% brackets you are probably doing well.

I would consider making the Roth equity heavy if you think future RMD's might exceed living expenses.
by dickenjb
Thu Sep 04, 2014 5:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA asset allocation and taxes
Replies: 5
Views: 442

Re: High tax bracket questions

VWIUX
by dickenjb
Thu Sep 04, 2014 3:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: High tax bracket questions
Replies: 11
Views: 1107

Re: Help with Employer Match

There's still some uncertainty, at least on my part, on whether the $17,500 upper limit applies to the combined contribution or to the employee's contribution alone... No uncertainty on my part, $17,500 is the limit for employee only and only if said employee is under 50 and will remain so for the ...
by dickenjb
Thu Sep 04, 2014 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Employer Match
Replies: 13
Views: 528

Re: Paying back my 401K loan: Am I thinking correctly?

Question 2 - yes, the "loan" isn't really a loan like a margin loan where you still control a certain amount of an investment

Rather it is a withdrawal except in the eyes of the IRS. Your investments are sold to come up with the funds for the "loan"
by dickenjb
Thu Sep 04, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Paying back my 401K loan: Am I thinking correctly?
Replies: 8
Views: 700

Re: 100% Lifestrategy in taxable-- Why Not?

Another con: expense ratio higher than holding component funds in Admiral class shares.

There is nothing wrong with this strategy as long as the pros outweigh the cons for you.

Heck, I believe Mike Piper has said he is 100% TR or LS and he is one smart young man.
by dickenjb
Thu Sep 04, 2014 3:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100% Lifestrategy in taxable-- Why Not?
Replies: 5
Views: 653

Re: Market at a all time high ( Sept 2014) , time to cash ou

I am sticking with my 60/40 AA as specified in my IPS. I must confess I do toy with the idea of going to 50/50 and taking some gains off the table. But that is all I am doing at this point is toying with the idea. I just began my 5th year of retirement and am 59 so I am basically (120 minus age) in ...
by dickenjb
Thu Sep 04, 2014 3:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 3732

Re: Portfolio Advice Needed - Newbie Investors

I suggest you read about the Three Fund Portfolio and figure out how to best duplicate that with your holdings.

viewtopic.php?f=10&t=88005

I would sell the illiquid investment and I would open the Solo K for the wife.
by dickenjb
Thu Sep 04, 2014 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice Needed - Newbie Investors
Replies: 26
Views: 1698

Re: Holding Cash because Tried to time Market

Don't make the plunge too deep. I agree you appear to have exceedingly low risk tolerance so my suggestion would be that you put something like 25% into stocks and the remainder into fixed income. If you get through the next sizable market correction at that AA with no thoughts of bailing out low a...
by dickenjb
Thu Sep 04, 2014 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding Cash because Tried to time Market
Replies: 78
Views: 6289

Re: How much does your home *really* cost?

For those who are renting it seems pretty easy - rent and utilities are your overhead. For those who own outright, it's taxes, insurance, utilities, repairs/maintenance. For those in the process of buying, add interest . Or for those with a paid off mortgage, add in the opportunity cost of having h...
by dickenjb
Thu Sep 04, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: How much does your home *really* cost?
Replies: 23
Views: 4239

Re: Variable annuity 100k in fees help (UPDATE)

Refer to pg. 28 (or pg. 62 or 646 of PDF) of the Access Elite perspectus: ...you may withdraw the following with no withdrawal charge: - Premiums that are no longer subject to a withdrawal charage (does not apply since you still have 4 plus years) - earnings - during each Contract Year 10% of Premi...
by dickenjb
Thu Sep 04, 2014 10:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Variable annuity 100k in fees help (UPDATE)
Replies: 45
Views: 3128

Re: Anyone familiar with Switzerland?

rjbraun wrote:I agree, train travel in Switzerland is quite easy, though it can also be quite expensive.


Everything in Switzerland is expensive. Full stop.

Only "bargain" was 20 CHF an hour for our boys to rent stand up paddleboards on Lake Geneva.
by dickenjb
Thu Sep 04, 2014 10:18 am
 
Forum: Personal Consumer Issues
Topic: Anyone familiar with Switzerland?
Replies: 14
Views: 1059

Re: Personal Vanguard investment funds are more expensive th

Just trade your two funds in your Roth for VTSAX at 5 bps. Problem solved. It makes little sense to own a TR fund and stock index fund anyway.
by dickenjb
Thu Sep 04, 2014 10:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Personal Vanguard investment funds are more expensive than
Replies: 8
Views: 958

Re: Road Trip, New England to Cailfornia

Big Bend NP is one of the most underrated parks, probably due to its remote location. Be sure to do some hikes while there, The Window is fabulous. And be sure to have dinner at the theater in the Terlingua Ghost Town. I also enjoyed Meteor Crater between Flagstaff and Winslow AZ. Thought it would b...
by dickenjb
Thu Sep 04, 2014 8:40 am
 
Forum: Personal Consumer Issues
Topic: Road Trip, New England to Cailfornia
Replies: 11
Views: 1104

Re: My early 30's Ameriprise portfolio

The fees and complexity are of course simply unacceptable and not necessary. I personally helped a family member leave an advisor and implement a three fund approach at Vanguard. They were paying er's averaging 1% and an advisor fee of 0.5% AUM. Pretty modest compared to what we are seeing here. Wha...
by dickenjb
Thu Sep 04, 2014 7:49 am
 
Forum: Investing - Help with Personal Investments
Topic: My early 30's Ameriprise portfolio
Replies: 36
Views: 3390

Re: Help with my parent's finances

That big slug of company stock is a red flag to me. Is he hoping to use the NUA rule to save on taxes or is he just bullish on the company who may soon lay him off?
by dickenjb
Thu Sep 04, 2014 7:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with my parent's finances
Replies: 21
Views: 1906

Re: Variable annuity 100k in fees help (UPDATE)

BL wrote: There are no capital gains with annuities, only ordinary income.


He means there are capital gains realized within the annuity but when they come out they are taxed as ordinary income.
by dickenjb
Thu Sep 04, 2014 7:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Variable annuity 100k in fees help (UPDATE)
Replies: 45
Views: 3128

Re: Anyone familiar with Switzerland?

We loved Grindelwald. The train to Jungfraujoch is very expensive but fun. You can hike 2 km across the glacier to a mountain hut for lunch and get away from most of the tourists.

Lucerne is also nice, we spent two nights there.
by dickenjb
Thu Sep 04, 2014 7:06 am
 
Forum: Personal Consumer Issues
Topic: Anyone familiar with Switzerland?
Replies: 14
Views: 1059

Re: college plan to a gift

Need to know if it is a 529, UGMA, etc.
by dickenjb
Thu Sep 04, 2014 6:58 am
 
Forum: Personal Finance (Not Investing)
Topic: college plan to a gift
Replies: 4
Views: 529

Re: Suggestions on where to put an extra $4k/year

Dickenjb, all international. Sounds exotic. I would have to consider this sum in my overall AA. Sorry I was not more explicit. Yes, I was suggesting that you "move" some of your international holdings outside your tax advantaged vehicles so as to benefit from the Foreign Tax Credit. Not s...
by dickenjb
Wed Sep 03, 2014 9:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions on where to put an extra $4k/year
Replies: 12
Views: 1070

Re: What to do with 401K portfolio moving from TSP Gov

sydney52 wrote:I realize the cost basis is low in TSP and I think I need to make at least 7-9% growth annually,<snip>


Good luck with that. That is pretty aggressive target for 50/50 asset allocation. I would plan on more like 6% and you'd better read up on "sequence of returns risk".
by dickenjb
Wed Sep 03, 2014 7:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with 401K portfolio moving from TSP Gov
Replies: 18
Views: 1241

Re: Fund selection in 401k and IRA

placeholder wrote:At your tax rates I would not use Roth 401k nor keep REIT in taxable.


A big +1 to both those points. And good luck making a 2013 contribution to your IRA next year.
by dickenjb
Wed Sep 03, 2014 7:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund selection in 401k and IRA
Replies: 8
Views: 671

Re: Suggestions on where to put an extra $4k/year

Something tax efficient in taxable. How about VTIAX?
by dickenjb
Wed Sep 03, 2014 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions on where to put an extra $4k/year
Replies: 12
Views: 1070

Re: "Vanguard 529 College Savings Plan cuts costs (again)"

Now they are only 2 bps more expensive than the NY plan, which also uses Vanguard funds. The New York plan charges 0.17% for all funds: "The only expense charged by the plan is a total annual asset-based fee of 0.17% of account assets. That means for every $1,000 you invest, you'll pay $1.70 i...
by dickenjb
Wed Sep 03, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard 529 College Savings Plan cuts costs (again)"
Replies: 16
Views: 1483

Re: Is now a good time to buy bonds?

It is always a good time to buy bonds just as it is always a good time to buy stocks, both in line with the AA specified in your IPS.

Quit trying to time the market and just pick an AA and stay the course.
by dickenjb
Wed Sep 03, 2014 10:46 am
 
Forum: Investing - Theory, News & General
Topic: Is now a good time to buy bonds?
Replies: 18
Views: 1915

Re: Travel Insurance for a "trip of a lifetime"

I use TravelGuard or Insuremytrip, they both aggregate quotes from multiple providers. You are wise to buy the insurance, make sure you have adequate medical evacuation coverage - that is the big one.
by dickenjb
Wed Sep 03, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: Travel Insurance for a "trip of a lifetime"
Replies: 36
Views: 2407

Re: "Vanguard 529 College Savings Plan cuts costs (again)"

Now they are only 2 bps more expensive than the NY plan, which also uses Vanguard funds.
by dickenjb
Wed Sep 03, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: "Vanguard 529 College Savings Plan cuts costs (again)"
Replies: 16
Views: 1483

Re: Variable annuity 100k in fees help (UPDATE)

I am thinking 4 years of 10% withdrawals would take out most of the earnings and keep him mostly in the 10% and 15% bracket.

Trevor you keep using the word "fees" and you mean taxes and 10% penalty. Not fees at all. The fees are assessed inside the annuity.
by dickenjb
Wed Sep 03, 2014 7:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Variable annuity 100k in fees help (UPDATE)
Replies: 45
Views: 3128

Re: Process to gift securities to UGMA

LongerPrimer wrote:Lucky dog.
UGMA s are so much better today than 20 25,and 30 years ago. DS UGMA had initial 600 and dividends were counted in that 600 :|


Yeah but $600 then was the equivalent of $2000 now. And dividends are still counted toward the $1000 and $1000.
by dickenjb
Tue Sep 02, 2014 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Process to gift securities to UGMA
Replies: 7
Views: 388

Re: Process to gift securities to UGMA

The first $1K of gains/interest/dividends is tax exempt, the second $1K is taxed at the childs rate of 10%, anything after $2K is taxed at the parents rate. Right which means if the gains are LT no tax will be due. No tax on the first $1000, kids rate=0% on next $1000. OP - this is a good strategy.
by dickenjb
Tue Sep 02, 2014 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Process to gift securities to UGMA
Replies: 7
Views: 388

Re: Should I bite the bullet and pay 50k in fees?

Trevor - when you meet with the advisor today at a minimum get your basis, current value(s), surrender fee schedule, guaranteed interest rate on the fixed interest option (if any). Ideally get a copy of the contract.
by dickenjb
Tue Sep 02, 2014 7:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I bite the bullet and pay 50k in fees?
Replies: 39
Views: 4120

Re: Variable Annuity - Timing of Surrender Charges

Why are surrender charges relevant? They can't take money out until they terminate employment anyway.
by dickenjb
Tue Sep 02, 2014 7:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Variable Annuity - Timing of Surrender Charges
Replies: 10
Views: 549
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