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Re: Where should I open a Solo 401k account?

Costs matter and since Vanguard won't make their ETFs or Admiral funds available in i401k I can't see much reason to consider them. I have my solo K plan at Vanguard and pay 14 basis points for LS Income as it is the cheapest non-Admiral fund. I do not find this expense ratio high and since my solo...
by dickenjb
Fri Jul 25, 2014 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where should I open a Solo 401k account?
Replies: 13
Views: 562

Re: Need advice choosing fund for college expenses (not 529)

To be more specific, in PA you can deduct up to $14,000 per year from your state taxes ($28k if married) if that money is contributed to a 529, saving you 3.07% = $518 ($1036) per year in taxes compared to a taxable investment. Even saving on taxes up to the kiddie tax limit each year would be clos...
by dickenjb
Fri Jul 25, 2014 8:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need advice choosing fund for college expenses (not 529)
Replies: 7
Views: 329

Re: Buying a car- 2011 Lexus IS 250 9k miles

Calm Man wrote:I think that a young man making 70K should spend as little as possible on a car, not buy himself a Lexus, even if used.


Somehow I doubt Lisa is a young man.
by dickenjb
Thu Jul 24, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: Buying a car- 2011 Lexus IS 250 9k miles
Replies: 27
Views: 1853

Re: Anyone used Vanguard electronic money transfer

I didn't realize there were other ways to do it in this day and age. Paper check through the snail mail perhaps.

Yes I use EFT in both directions, have for over a decade with no issues or concerns.
by dickenjb
Thu Jul 24, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone used Vanguard electronic money transfer
Replies: 19
Views: 1097

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

You and your wife can EACH put $5500 a year into a Roth even if she has no income.

I concur that in commissioned sales you need a large emergency fund.

Read this in the wiki about using a Roth as an E fund.

http://www.bogleheads.org/wiki/Emergenc ... gency_fund
by dickenjb
Wed Jul 23, 2014 9:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor Coming From CD's Need Guidance.
Replies: 10
Views: 755

Re: Dumb 3rd grade math question about beach house rental

I have done this several times and in all cases given a discount to folks who stayed less than the full rental period.

I would do it the way several posters suggested:

$10,000/10 = $1000 per night cost.

8 nights split 3 ways

2 nights split two ways.
by dickenjb
Wed Jul 23, 2014 11:49 am
 
Forum: Personal Consumer Issues
Topic: Dumb 3rd grade math question about beach house rental
Replies: 45
Views: 2555

Re: Inheritance: Cash or Investments?

cash unless there are IRA's involved - you want to stretch them
by dickenjb
Tue Jul 22, 2014 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance: Cash or Investments?
Replies: 15
Views: 1304

Re: Can I retire early?

Yes you can retire now. I would consider dropping equities from 70% to 60 or even 50%.
by dickenjb
Sun Jul 20, 2014 2:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 28
Views: 3858

Re: oil companies more risky

I think it is a bit dangerous to invest in any individual stock or any individual sector when you can own the entire market for 5 basis points a year.
by dickenjb
Sun Jul 20, 2014 2:06 pm
 
Forum: Investing - Theory, News & General
Topic: oil companies more risky
Replies: 8
Views: 1002

Re: Visiting Japan

chaz wrote:See some of Kyoto.


+1

My favorite city in Japan and I have been to many. A short train ride from Osaka.
by dickenjb
Sun Jul 20, 2014 1:38 pm
 
Forum: Personal Consumer Issues
Topic: Visiting Japan
Replies: 16
Views: 1352

Re: When to Buy Air Tik to Florida

I would not wait, fares will likely get higher not lower.
by dickenjb
Sun Jul 20, 2014 1:32 pm
 
Forum: Personal Consumer Issues
Topic: When to Buy Air Tik to Florida
Replies: 9
Views: 1081

Re: Transfer of assets to child. Tax strategy

It should be noted that if you have signed up for Voice Verification at Vanguard, you can gift appreciated mutual funds (but not VBS assets) to your children without the need to fill out forms or obtain Medallion Signature Guarantees.
by dickenjb
Sun Jul 20, 2014 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transfer of assets to child. Tax strategy
Replies: 19
Views: 1124

Re: Just set up VG acct, can I combine household assets?

Of course her IRA will have to be in a separate account, but you can set things up that you can view both accounts in a household view.
by dickenjb
Fri Jul 18, 2014 7:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just set up VG acct, can I combine household assets?
Replies: 4
Views: 264

Re: Employer stock

The devil is in the details. How long do you have to hold the company stock after the "buy 2, get one free" deal? If it is one year or less, I would put 10% into my 401(k) and borrow the money to fund the first year or two of CS plan - then each year sell the stock I had bought to fund the...
by dickenjb
Fri Jul 18, 2014 9:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Employer stock
Replies: 5
Views: 526

Re: It is time to retire when you .......

I joke that I retired because my work was getting in the way of playing as much duplicate bridge as I liked. Except it wasn't really a joke. Had to work until 55 to get retiree medical and not get hosed on my pension. Worked 4 extra weeks past my birthday because my wife wanted me to and it wasn't w...
by dickenjb
Fri Jul 18, 2014 9:14 am
 
Forum: Personal Finance (Not Investing)
Topic: It is time to retire when you .......
Replies: 104
Views: 9635

Re: If interest rates would ever reach double digits again

From the NYT: The term “certificate of confiscation” was coined in the late 1970s, when inflation was rising. “If you took the coupon payment, adjusted for inflation and taxes, you had a negative real return,” said Leon Cooperman, who may have been the first to use the term. Mr. Cooperman now runs O...
by dickenjb
Fri Jul 18, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 2998

Re: Yet another newbie's 403(b): fund/allocation advice, ple

Questions: -AMC/Net Asset Fee for all of the funds (i.e, not just the ones I listed, but the entire menu) are 0.35%. So am I understanding correctly that the expense ratio is (0.35% + net expense ratio)? Because that seems very high. Brace yourself - I'll bet dollars to donuts that somewhere in you...
by dickenjb
Fri Jul 18, 2014 8:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Yet another newbie's 403(b): fund/allocation advice, please
Replies: 8
Views: 552

Re: If interest rates would ever reach double digits again

I knew someone who told me they bought 30 year treasury bonds yielding around 16% in the late 70's or early 80's. I'm not sure about the exact rate, but it was somewhere in that neighborhood. In the late 70s and early 80s the yield curve was inverted. Short term interest rates were very high, long ...
by dickenjb
Fri Jul 18, 2014 8:42 am
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 2998

Re: Wife has no retirement options- is breadwinner

Bump your 401(k) from $14K annually to $17,500

Start a taxable account and invest in TSM, TISM

Start a 529 for your kid
by dickenjb
Thu Jul 17, 2014 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife has no retirement options- is breadwinner
Replies: 36
Views: 3204

Re: boglehead botanists...is this poison ivy?

When I lived in the Netherlands we bought a cheese flavored with stinging nettles. It tingled a bit on the tongue as you ate it.
by dickenjb
Thu Jul 17, 2014 8:31 am
 
Forum: Personal Consumer Issues
Topic: boglehead botanists...is this poison ivy?
Replies: 32
Views: 2444

Re: Can't decide to keep 401k with previous employer or move

The bad thing about rolling to an IRA is you lose the ability to do back door Roth if your income exceeds the direct Roth limit.

There is a thread going now about pros and cons of rolling ERISA protected account to IRA. Search and find it.
by dickenjb
Thu Jul 17, 2014 8:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Can't decide to keep 401k with previous employer or move
Replies: 29
Views: 2286

Re: Suggested AA for 529 to be used starting next year?

My older son is a junior in college and the younger one a senior in HS. I have them both 100% in ST Bonds. Idea was to "lock in" the gains which will soon be taxed at 0%. Rebalanced by buying equities in IRA as my goal is to be 60/40 across all my accounts.
by dickenjb
Thu Jul 17, 2014 8:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Suggested AA for 529 to be used starting next year?
Replies: 4
Views: 479

Re: POLL: Do you have a dedicated REIT allocation?

I have a dedicated percentage in REITs. It is market weight and held within VTSAX.
by dickenjb
Wed Jul 16, 2014 3:24 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: Do you have a dedicated REIT allocation?
Replies: 123
Views: 6906

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

Your 401(k) plan is a real stinker.

You say your wife is SE - why doesn't she open a Solo 401(K) with Vanguard or Fidelity and the two of you max that out in addition to maxing his and hers Roths?
by dickenjb
Wed Jul 16, 2014 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for 401K with no match & high ER
Replies: 15
Views: 1286

Re: Likely about to lose job, planning for transition

Are you certain that ACA exchange is better than COBRA coverage?

I would stay as liquid as possible.

Maybe consider getting a HELOC approved now while you still have a job.
by dickenjb
Wed Jul 16, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Likely about to lose job, planning for transition
Replies: 21
Views: 2620

Re: Need Portfolio Advice

Just go three fund. AT 50/50, that would be:

TSM 40%
TISM 10%
TBM 50%

Or consider VWIUX in taxable instead of TBM in tax deferred.
by dickenjb
Wed Jul 16, 2014 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Portfolio Advice
Replies: 9
Views: 1235

Re: Your Favorite Appetizer Recipe

I am also a fan of ABT's (Atomic Buffalo T*rds), but be sure to use "Little Smokies" for the sausages and I sprinkle the cream cheese with a good quality BBQ rub (anything from The Dizzy Pig).
by dickenjb
Wed Jul 16, 2014 2:02 pm
 
Forum: Personal Consumer Issues
Topic: Your Favorite Appetizer Recipe
Replies: 9
Views: 1077

Re: Car insurance... do you include car rental?

I only insure against losses that would have a significant impact on my finances. I can self insure for a week or two in a rental car.
by dickenjb
Wed Jul 16, 2014 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car insurance... do you include car rental?
Replies: 33
Views: 2120

Re: Inherited a promissory note--what to do?

CABob wrote:I have no expertise or knowledge in the subject, but, since you indicate that the debtor is elderly you might consider waiting until he passes then submitting a claim against the estate.


+1

If the estate is not insolvent, you will have to be paid before the heirs get anything.
by dickenjb
Tue Jul 15, 2014 4:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited a promissory note--what to do?
Replies: 22
Views: 2413

Re: Costa Rica

We went to El Remanso on the Osa Peninsula. Highly recommended.

http://www.elremanso.com/

Also took a day drive to Vulcan Poas.
by dickenjb
Tue Jul 15, 2014 4:44 pm
 
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 11
Views: 1709

Re: TSM OR tARGET RETIREMENT 2060?

Have you considered a 529 instead?
by dickenjb
Tue Jul 15, 2014 1:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: TSM or Target Retirement 2060?
Replies: 6
Views: 712

Re: forced to rollover my savings.

If you want easy peasy I would go with Vanguard Life Strategy Conservative Growth. If more hands on, go 60% Total Bond, 12% Total International, 38% Total Stock. Since you are almost all tax deferred, I would strongly consider the one fund approach and enjoy your retirement. PS you want the Admiral...
by dickenjb
Mon Jul 14, 2014 4:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: forced to rollover my savings.
Replies: 8
Views: 844

Re: forced to rollover my savings.

If you want easy peasy I would go with Vanguard Life Strategy Conservative Growth.

If more hands on, go 60% Total Bond, 12% Total International, 38% Total Stock.

Since you are almost all tax deferred, I would strongly consider the one fund approach and enjoy your retirement.
by dickenjb
Mon Jul 14, 2014 4:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: forced to rollover my savings.
Replies: 8
Views: 844

Re: "Stocks and shares," different things? "Peter Pan"

I've always understood it as a British/American thing. But like many terms that are supposedly used differently in the two places, they are blurred in their actual usage. I find the best way to think of them is generic/specific as mentioned in schuyler74's post. Here's an example: Q: "Do you o...
by dickenjb
Mon Jul 14, 2014 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: "Stocks and shares," different things? "Peter Pan"
Replies: 39
Views: 2794

Re: In a crash, will you re-balance to maintain your target

Of course I would rebalance to maintain my target AA. That is what "buy, hold and rebalance" entails and it is what my IPS dictates. My AA is 60/40 by the way. In 2009 I did not have a set AA and bought equities all the way down, going to 92% equities in Nov 2008. It worked out very well f...
by dickenjb
Mon Jul 14, 2014 10:02 am
 
Forum: Investing - Theory, News & General
Topic: In a crash, will you re-balance to maintain your target AA?
Replies: 64
Views: 4122

Re: Unique situation

Also, I got (suckered into?) buying life insurance for my child on the premise that it was somehow better than a 529 plan for college saving. I should have researched it more... or is that actually a decent alternative? If not, i'm not even sure how to get out of it. Not a good idea. You may want t...
by dickenjb
Mon Jul 14, 2014 8:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Unique situation
Replies: 17
Views: 2741

Re: Problem with Revoked Student Loan

MSchleicher wrote: In doing so, she was no longer able to qualify for the student loan she applied for (as she was attending graduate school less than part-time).


How does one attend school less than part time? By taking no credits at all?

Can she add a course to become part time?
by dickenjb
Mon Jul 14, 2014 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Problem with Revoked Student Loan
Replies: 5
Views: 882

Re: Moving from Midwest to Coastal Cities: COL Adjustment?

I grew up primarily on the east coast (Pennsylvania, DC, Florida) and lived for a short time in Seattle, but now live in St. Louis, MO. I agree with much of what is stated above. The midwestern lifestyle, though not glamorous, is far better that the coastal lifestyle. Better for people who like the...
by dickenjb
Mon Jul 14, 2014 8:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Moving from Midwest to Coastal Cities: COL Adjustment?
Replies: 25
Views: 2515

Re: Other forums of same high Quality?

FlyerTalk is the travel equivalent of BH. I used what I learned there to accumulate 5 million frequent flyer miles and points before I retired. I am using them now to travel very cheaply.
by dickenjb
Sun Jul 13, 2014 5:08 pm
 
Forum: Personal Consumer Issues
Topic: Other forums of same high Quality?
Replies: 6
Views: 1547

Re: Need More Help with Bad 401 K

Golden, could you look in your plan documentation and see if there is a Stable Value Fund ? There is a stability of principal called ING Fixed Account. Here is the description: The ING Fixed Account is available through an annuity contract issued by ING Life Insurance and Annuity Company (ILIAC). T...
by dickenjb
Sun Jul 13, 2014 5:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need More Help with Bad 401 K
Replies: 24
Views: 1892

Re: Help - unsolicited 401k distribution

Many plans provide that if the balance is very small, say under $1000 or under $3500 or under $5000, that it is paid out when departing. What does her SPD (Summary Plan Description) say? Make sure if taxes were withheld at 20% that you put the entire amount (not net of taxes) into an IRA within 60 d...
by dickenjb
Sun Jul 13, 2014 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help - unsolicited 401k distribution
Replies: 9
Views: 819

Re: Analysis Paralysis has set in....

You are thinking too much. Pick one, 50/50, 60/40, or 55/45 and go with it.

Personally I went with 60/40 because a) I have non COLA pension and b) I have a legacy motive.
by dickenjb
Fri Jul 11, 2014 10:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Analysis Paralysis has set in....
Replies: 7
Views: 662

Re: Repair or replace old Taurus?

If you don't want a Honda, buy a Toyota. I would not make the repairs on the Taurus - as others have pointed out, too likely to need another multithousand repair in short order. This car doesn't owe you anything. Since 2008, a lot of important safety features have been made standard - side curtain a...
by dickenjb
Fri Jul 11, 2014 7:53 am
 
Forum: Personal Consumer Issues
Topic: Repair or replace old Taurus?
Replies: 32
Views: 2746

Re: Over-funding a 401k?

Depends on your plan. My plan, if the last paycheck would put me over the limit, would withhold nothing from that check. So you could end up way short. And we could only contribute integral percentages of our pay. So I had to diddle with Excel to figure out what combo would get me closest to the $16...
by dickenjb
Thu Jul 10, 2014 8:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Over-funding a 401k?
Replies: 3
Views: 543

Re: How many veteran investor have LARGE MAJORITY in three-f

I am all three fund (TSM, TISM, TBM - OK a bit of VWIUX in taxable to cover 1-2 years expenses) except for some employee stock options left over from before I retired. Once they are all exercised by 2018 I will be pure three fund + muni. If and when I have spent all my taxable, I may go all in LS Mo...
by dickenjb
Wed Jul 09, 2014 10:48 am
 
Forum: Investing - Theory, News & General
Topic: How many veteran investor have LARGE MAJORITY in three-fund?
Replies: 56
Views: 3818

Re: Tiny House Movement

While an expat in The Netherlands, my wife and I and infant son lived in a 130 m2 house. Even in that house there were rooms we did not use. Probably the one thing I regret the most is buying a 3300 ft2 house - I would have bought a smaller home but back in 1991 fell victim to the "buy as much ...
by dickenjb
Wed Jul 09, 2014 10:38 am
 
Forum: Personal Consumer Issues
Topic: Tiny House Movement
Replies: 139
Views: 15698

Bought my first used car yesterday (at age 58)

I expected an unpleasant experience but went to the local Toyota dealer and selected a 2011 Camry with low mileage. "Certified Preowned". Drove it, then told the salesman I was going to go next door to the Carsense to look at what they had on offer and he went online and matched the no hag...
by dickenjb
Wed Jul 09, 2014 10:33 am
 
Forum: Personal Consumer Issues
Topic: Bought my first used car yesterday (at age 58)
Replies: 1
Views: 871

Re: When my IRA beneficiary dies….

So you care enough about this woman to leave her a sizeable inheritance, but you don't believe she cares enough about you to honor your final wishes? Yes, she will name a new beneficiary if/when she inherits. I would trust my wife to honor my wishes after I am gone. If you don't trust your friend, s...
by dickenjb
Tue Jul 08, 2014 8:18 am
 
Forum: Investing - Help with Personal Investments
Topic: When my IRA beneficiary dies….
Replies: 7
Views: 913

Re: Recommendations on Walking/Trekking poles

I have a pair of Comperdell Alpinist poles I bought at EMS maybe 20 years ago. They have been up Kilimanjaro and rim to rim across the Grand Canyon. Cork handles to absorb sweat. I paid maybe $40 20 years ago so maybe $80 today. My wife just bought a pair of HighGear at Eddie Bauer for $25. Plastic ...
by dickenjb
Tue Jul 08, 2014 8:14 am
 
Forum: Personal Consumer Issues
Topic: Recommendations on Walking/Trekking poles
Replies: 16
Views: 1529

Re: contribution limit for non-deductible traditional IRA?

Next time you face a situation like this, it would be a good idea to ask the question before you act.
by dickenjb
Tue Jul 08, 2014 8:09 am
 
Forum: Investing - Help with Personal Investments
Topic: contribution limit for non-deductible traditional IRA?
Replies: 6
Views: 605
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