Search found 2829 matches

Return to advanced search

Re: Who else's IRA would you (do you) fill?

I match the earnings of my two sons into their Roth IRA's. The 20 year old stayed at college this summer so no earnings. The 17 year old didn't get back from his exchange student gig in Germany until Aug 5th so he will be lucky to earn $1000 before the poll where he lifeguards closes on Labor Day. T...
by dickenjb
Fri Aug 29, 2014 7:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Who else's IRA would you (do you) fill?
Replies: 13
Views: 600

Re: milestones, skepticism, wealth creation. A thought

What about inheritances? It seems to me you could do something of a DCF / IRR analysis, with cash flows in (what you are proposing from salaries plus any inheritances) and the wealth remaining. It has to all balance: Salaries+Inheritances-COL+investment returns=Net Worth Where COL (cost of living) i...
by dickenjb
Fri Aug 29, 2014 7:29 am
 
Forum: Investing - Theory, News & General
Topic: milestones, skepticism, wealth creation. A thought
Replies: 1
Views: 192

Re: Are assets split in kind or liquidated on death?

An executor is supposed to first and foremost preserve the value of the estate. This usually calls for selling all risky assets and putting everything in a MM fund or bank account pending disbursement to the beneficiaries. In other words, what Not Bob said. If you do not and the risky assets lose va...
by dickenjb
Fri Aug 29, 2014 7:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Are assets split in kind or liquidated on death?
Replies: 8
Views: 237

Re: Only need $315k non-retirement $ to retire at Age 43?

Let's see what you have forgotten to take into account: 1) If you used your $315K to live on between 43 and 60 it would, in fact, be retirement $. Perhaps you meant to say "$ in a taxable account", not "non-retirement $" 2) inflation 3) taxes 4) sequence of returns risk 5) SS pro...
by dickenjb
Thu Aug 28, 2014 10:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Only need $315k non-retirement $ to retire at Age 43?
Replies: 30
Views: 3177

Chicken or Fish

If you had to pick one protein to eat for dinner every night for the rest of your life, which would you pick?
by dickenjb
Thu Aug 28, 2014 5:03 pm
 
Forum: Personal Consumer Issues
Topic: Chicken or Fish
Replies: 10
Views: 582

Re: When, if ever, should an annuity be used in retirement p

Agreed - if you are in Otar's Red Zone or Yellow Zone you may need an SPIA. Green Zone - not needed.

The dinners are always to push expensive VA's. Not SPIA's.
by dickenjb
Thu Aug 28, 2014 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: When, if ever, should an annuity be used in retirement plans
Replies: 26
Views: 1383

Re: How Much For New Windows?

Doesn't surprise me, I paid $40K to replace all the windows in my house with high end triple glazed.

The most expensive (by far) was the bay window in the eat in kitchen.
by dickenjb
Thu Aug 28, 2014 10:43 am
 
Forum: Personal Consumer Issues
Topic: How Much For New Windows?
Replies: 11
Views: 514

Re: Help with windfall choices and dividing inheritance

I'll take a swag at the math with the sketchy data you gave us. Estate is: $630K probate estate split between 3 kids evenly $120K TIRA left to 2 kids only as oversight Now the $120K TIRA has to be burdened for taxes at 25% (use your rate) and is only worth $90K after taxes. So net estate is $630+90=...
by dickenjb
Thu Aug 28, 2014 9:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with windfall choices and dividing inheritance
Replies: 14
Views: 899

Re: Chase savings account bonus deposit

too much work for too little benefit
by dickenjb
Thu Aug 28, 2014 9:40 am
 
Forum: Personal Consumer Issues
Topic: Chase savings account bonus deposit
Replies: 16
Views: 1002

Re: Help with windfall choices and dividing inheritance

Do not cash out the retirement plans. Take RMD's from them over your lifetime. Be sure to get guidance here as to how to title the new account and which table to use from Pub 590, also you can not recalculate each year the divisor you need to increment by 1. Keep the 2nd sister whole by giving her c...
by dickenjb
Thu Aug 28, 2014 9:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with windfall choices and dividing inheritance
Replies: 14
Views: 899

Re: SS Benefits

SS benefit is based on your highest 35 years. Additional work can not lower your benefit and may increase it although that does not sound likely in your scenario.
by dickenjb
Thu Aug 28, 2014 8:53 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefits
Replies: 4
Views: 442

Re: How to safely sell a big ticket item online

Cash or wire transfer. This is how my wife buys and sells horses.
by dickenjb
Wed Aug 27, 2014 3:41 pm
 
Forum: Personal Consumer Issues
Topic: How to safely sell a big ticket item online
Replies: 36
Views: 1532

Re: Beginners questions on 401K plan

Yes, the Roth option in a 401(k) is different than a Roth you can open at Vanguard.

No, contributing to the Roth option of a 401(k) does not preclude you from investing in a Roth IRA at Vanguard.
by dickenjb
Wed Aug 27, 2014 11:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Beginners questions on 401K plan
Replies: 2
Views: 217

Re: To take pension early or not, that is the question...

Second the recommendation for using I-ORP. I also use Excel to map out my income over the years (kind of like Celia with her paper chart). It looks like my optimal plan will have me at the top of the 25% bracket for the rest of my years. SS taxation which I used to worry about is a non issue as 85% ...
by dickenjb
Wed Aug 27, 2014 10:33 am
 
Forum: Investing - Help with Personal Investments
Topic: To take pension early or not, that is the question...
Replies: 7
Views: 586

Re: Hit a financial milestone at an age milestone

Good for you. FWIW, the second figure you give is your net worth. I had a goal of $1MM in net worth by age 40, but missed it by a few years. It is good to establish goals and work toward them. And good on you to take some nice vacations with your family. Money is to be enjoyed, I think a lot of BH's...
by dickenjb
Wed Aug 27, 2014 10:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4542

Re: Moving to Eastern PA - need advice

For the OP - This area is generally referred to as "Southeastern PA" or "Delaware Valley", not Eastern PA. Just an FYI before you move here and get "tude" (and there is a fair amount of "tude" around here). PHL is a mess if there is rain and/or low ceilings - ...
by dickenjb
Wed Aug 27, 2014 8:46 am
 
Forum: Personal Consumer Issues
Topic: Moving to Eastern PA - need advice
Replies: 29
Views: 1826

Re: Establishing "Small Business" and Cheating IRS?

The IRS can and should disallow his losses as hobby losses. One common metric to establish that a "business" is really a hobby is you need to turn a profit 2 out of 5 years. Other metrics are applied as well. If he did not print up business cards, advertise, make a legitimate attempt to es...
by dickenjb
Wed Aug 27, 2014 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Establishing "Small Business" and Cheating IRS?
Replies: 11
Views: 1101

Re: Master Thread for Philadelphia PA Area Bogleheads Chapte

Please put me on the Philly list. I'm in the Boston area (a recent get-together included VictoriaF, a familiar screen name to most Bogleheads). My wife grew up in the Philly area (still has family there) and my cousin and his family live in Philly, so we get down there about three times a year. We ...
by dickenjb
Wed Aug 27, 2014 8:25 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Master Thread for Philadelphia PA Area Bogleheads Chapter
Replies: 77
Views: 1677

Re: Master Thread for Philadelphia PA Area Bogleheads Chapte

What's up with this thread? The title has no relevance to the posts. At some point I would like to attend a meeting, but some of us still work for a living (1 pm ??) and somewhere closer to Center City would be more accommodating. I recognize that some still work for a living and that is why we hol...
by dickenjb
Wed Aug 27, 2014 8:24 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Master Thread for Philadelphia PA Area Bogleheads Chapter
Replies: 77
Views: 1677

Re: Portfolio advice for Mom at 86 years

OK I did a quick calc and her RMD divisor at 86 is 14.1, so her RMD is roughly $120K/14.1 or about $8500. Her "rent money", i.e. moneys needed beyond SS is $775*12=$9300. So the RMD and extra funds needed are pretty much in balance. Nevertheless, I would have her withdraw only the RMD each...
by dickenjb
Tue Aug 26, 2014 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for Mom at 86 years
Replies: 20
Views: 1502

Re: Portfolio advice for Mom at 86 years

So as an 86 year old female she has a life expectancy of 6 years. https://personal.vanguard.com/us/insights/retirement/plan-for-a-long-retirement-tool She needs $10K a year from her assets (what you call "rent money" except I could argue she pays for her rent with SS and buys food and othe...
by dickenjb
Tue Aug 26, 2014 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for Mom at 86 years
Replies: 20
Views: 1502

Re: Husband rear-ended, driver ignoring his insurance

I don't see what the problem is, you will be paid regardless. I wouldn't bother to show up for some stranger's court date.
by dickenjb
Tue Aug 26, 2014 2:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 39
Views: 3666

Re: New home worth the extra $$?

Another wrinkle is if you buy new your wife gets to pick all the cabinets and colors and carpeting etc. May cost a lot for all the upgrades and upsells but she will be happy.
by dickenjb
Tue Aug 26, 2014 2:19 pm
 
Forum: Personal Consumer Issues
Topic: New home worth the extra $$?
Replies: 17
Views: 1695

Re: Best time to exercise stock options

In general if these are the typical 10 year NSO's that vest over 3 years, you should be waiting until years 8-9-10 to exercise. Some people who are risk junkies never exercise before Year 10. There are many things to consider, such as being overly concentrated in employer stock. I always exercise an...
by dickenjb
Tue Aug 26, 2014 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: Best time to exercise stock options
Replies: 10
Views: 862

Re: SP500 and recency bias

investingdad wrote:I keep trying to alter balance by shoving all our 401K money into bond funds but the increase in equity prices means our ratio isn't changing.


This, too, will pass.
by dickenjb
Tue Aug 26, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: SP500 and recency bias
Replies: 23
Views: 2092

Re: My Wife's 401k is expensive.

Annually we are able to put away $15,000-$20,000 together between all of the accounts. We can't quite max them out yet. I keep coming back to "what problem are you trying to solve?" Put 4% into her plan to get the immediate 100% return on investment. Then fund your 401(k) to the match, th...
by dickenjb
Tue Aug 26, 2014 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Wife's 401k is expensive.
Replies: 23
Views: 1458

Re: My Wife's 401k is expensive.

SpicyUnagi wrote:She gets a 100% match on the first 4% of her savings. I have her contribute 5% for the time being.


You have nothing to complain about, have her drop her contribution to 4%. Fees or no fees, she is making out like a bandit with 100% match.
by dickenjb
Tue Aug 26, 2014 12:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Wife's 401k is expensive.
Replies: 23
Views: 1458

Re: My Wife's 401k is expensive.

What about livesoft's strategy of taking out the maximum loan she can apply for and reinvest in taxable?

How is she losing her match in fees? If they match 50 cents on the dollar it would take years and years of 1.5% fees to take her match.

Is one of the Federated options a GIC? What does it pay?
by dickenjb
Tue Aug 26, 2014 10:47 am
 
Forum: Investing - Help with Personal Investments
Topic: My Wife's 401k is expensive.
Replies: 23
Views: 1458

Re: Auto accident today

let the insurance handle it, it may seem like not a bad deal but you could get unlucky, the guy may accept cash from you and few weeks later mysteriously develop back pain, and claim in on the accident, if you don't report the incident to your insurance company they will want nothing to do with thi...
by dickenjb
Tue Aug 26, 2014 9:35 am
 
Forum: Personal Consumer Issues
Topic: Auto accident today
Replies: 33
Views: 2533

Re: Taxes on Roth conversion at retirement

If things worked like the OP originally thought, you would not have to pay taxes on TIRA withdrawals.

Steps:

1) Convert TIRA to Roth
2) Withdraw from Roth

Obviously not allowed! "Back Door TIRA withdrawal"
by dickenjb
Tue Aug 26, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxes on Roth conversion at retirement
Replies: 15
Views: 682

Re: What to do with individual stock I received?

I'm with livesoft. It makes absolutely no sense to hold this stock. You are taking on uncompensated risk by doing so. You have three choices as I see it: 1) Sell and pay 15% LTCG tax on the gains (whatever they are - you have the grandparents' basis if there are gains) 2) Donate to charity directly ...
by dickenjb
Tue Aug 26, 2014 9:02 am
 
Forum: Investing - Help with Personal Investments
Topic: What to do with individual stock I received?
Replies: 42
Views: 1893

Re: Moving to Eastern PA - need advice

NJ has high property taxes and high progressive income taxes. But homes in South Jersey are much cheaper than in the nice parts of Southeastern PA. PA has a flat 3.07% income tax.
by dickenjb
Tue Aug 26, 2014 8:38 am
 
Forum: Personal Consumer Issues
Topic: Moving to Eastern PA - need advice
Replies: 29
Views: 1826

Re: 529 question for adult student

And am I correct in assuming that I can also contribute the college's qualified living expenses ($16,000) since I will not be living on campus? Careful with the language here. You can contribute whatever you want. You can withdraw moneys without paying tax and 10% penalty on earnings moneys for QHE...
by dickenjb
Tue Aug 26, 2014 8:33 am
 
Forum: Investing - Help with Personal Investments
Topic: 529 question for adult student
Replies: 4
Views: 269

Re: 529 question for adult student

You are correct. I tell all my friends that in PA you can save 3.07% on college by laundering money through a 529. You can even take out a loan and deposit the loan proceeds in the 529 and take it out the next day. The deduction is limited to $14K per year per student on your PA 1040, $28K for marri...
by dickenjb
Tue Aug 26, 2014 8:29 am
 
Forum: Investing - Help with Personal Investments
Topic: 529 question for adult student
Replies: 4
Views: 269

Re: Help with 401(a) choices for a new investor

Double check that the VALIC product is not a variable annuity, and that there are no Mortality and Expense (M&E) or Contingent Deferred Sales Charges or Surrender Fees.
by dickenjb
Tue Aug 26, 2014 8:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401(a) choices for a new investor
Replies: 18
Views: 818

Re: Portfolio analysis

Well, there are many respected posters here who bash the Vanguard Portfolio Analysis tool. I find it works well for Vanguard funds and MOST non Vanguard funds. Yes, you can add "Outside Investments" to your Vanguard home page and Portfolio Analysis will consider them in the mix. This is wh...
by dickenjb
Tue Aug 26, 2014 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio analysis
Replies: 3
Views: 218

Re: Fidelity and Vanguard Reps are they different?

Fidelity tools such as Retirement Income Planner are better than Vanguard's. Fidelity offers execs and retired execs from my former company something called FES (Fidelity Executive Services) which is excellent and free. They do complimentary analysis of my stock options and recommend when to exercis...
by dickenjb
Mon Aug 25, 2014 6:54 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity and Vanguard Reps are they different?
Replies: 6
Views: 826

Re: Old 401k (good) + new 401 (bad) asset allocation

I think your plan is an excellent plan for your wife if she were single. Do you not have any assets of your own? One family, one portfolio.

Having said this, her "old" 401(k) looks to have good options in every category so maybe not suboptimal.
by dickenjb
Mon Aug 25, 2014 6:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old 401k (good) + new 401 (bad) asset allocation
Replies: 3
Views: 360

Re: My Wife's 401k is expensive.

Probably the best thing you can do as a couple is max your 401(k) at $17,500 and his and hers Roths for another $11,000. Plus her 401(k) to the match if there is one.

Most folks can't sock away more than that, but if you can, I would go for TSM/TISM in taxable.
by dickenjb
Mon Aug 25, 2014 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Wife's 401k is expensive.
Replies: 23
Views: 1458

Re: Roth IRA from Merrill Edge to Vanguard

ny_rn wrote: If sold, I assume this money would count towards my 2014 Roth IRA contribution.

Any advice would be greatly appreciated.


No, only contributions count as contributions. Did you contribute to this Roth in 2014?
by dickenjb
Mon Aug 25, 2014 5:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA from Merrill Edge to Vanguard
Replies: 4
Views: 294

Re: Trying to understand the 1040 Tax Table

Effective tax rate, while interesting, is useless for decision making. All decisions to recognize additional income or accelerate deductions are based on the marginal rate.
by dickenjb
Mon Aug 25, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 27
Views: 1594

Re: Received bank statements for a business using our addres

Take a deep breath - maybe she (or the bank) transposed two digits of your address. Happens all the time.

I would try to contact the lady first.
by dickenjb
Mon Aug 25, 2014 4:03 pm
 
Forum: Personal Consumer Issues
Topic: Received bank statements for a business using our address
Replies: 7
Views: 546

Re: Moving to Eastern PA - need advice

spat wrote:Having lived in Chester County, PA for many years, I would recommend West Chester, Exton, Chester Springs, Malvern as reasonably close to the PHL airport and great places to live..


BIL lives in Chester Springs. Nice but a little too rural for my tastes. Horsey country if that makes a difference.
by dickenjb
Mon Aug 25, 2014 4:03 pm
 
Forum: Personal Consumer Issues
Topic: Moving to Eastern PA - need advice
Replies: 29
Views: 1826

Re: Moving to Eastern PA - need advice

I live in Montgomery County and would be happy to advise. Pm me or we can talk on the phone. I love Montgomery County. Bucks County as investingdad alluded is not homogeneous. In fact, the Philly Inquirer wrote how different it is - lower Bucks is Bensalem & Trevose, not nice. Central Bucks is D...
by dickenjb
Mon Aug 25, 2014 2:35 pm
 
Forum: Personal Consumer Issues
Topic: Moving to Eastern PA - need advice
Replies: 29
Views: 1826

Re: Any good studies on active vs. passive BEFORE fees?

Simple math tells us that if all passive funds match the market performance before costs, all active funds must also on average match the market before costs. Because considered together, all active investors plus all passive investors are the market. I guess I was thinking more of active funds vs ...
by dickenjb
Mon Aug 25, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: Any good studies on active vs. passive BEFORE fees?
Replies: 10
Views: 979

S&P500 over 2000

Woohoo. A far cry from those dark days back in March 2009 when it was in the 600's.
by dickenjb
Mon Aug 25, 2014 11:46 am
 
Forum: Investing - Theory, News & General
Topic: S&P500 over 2000
Replies: 67
Views: 4897

Re: Any good studies on active vs. passive BEFORE fees?

Simple math tells us that if all passive funds match the market performance before costs, all active funds must also on average match the market before costs. Because considered together, all active investors plus all passive investors are the market.
by dickenjb
Mon Aug 25, 2014 11:41 am
 
Forum: Investing - Theory, News & General
Topic: Any good studies on active vs. passive BEFORE fees?
Replies: 10
Views: 979

Re: New Investor- Am I making sound investments?

I don't like the hodgepodge of funds that Goalmaker has chosen. I would go Three Fund and choose the low cost option(s) in 401(k) and complement elsewhere. I would also divest company stock as soon as allowed.
by dickenjb
Mon Aug 25, 2014 11:33 am
 
Forum: Investing - Help with Personal Investments
Topic: New Investor- Am I making sound investments?
Replies: 22
Views: 2560

Re: Help with son-in-law's new 401k

What income tax bracket do they expect to be in? The LFG fixed option for the 403(b) might not be so bad - often pays 2 even 3% and no M&E charge. Her 403(b) could be their "bonds" and his 401(k) their stocks. I will echo the other poster - is either eligible for employer match? That c...
by dickenjb
Mon Aug 25, 2014 10:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with son-in-law's new 401k
Replies: 5
Views: 723

Re: Retirement beneficairy question and IRS

THe information we have relates to the IRS dictating the amount received by the non spous beneficiary. We do not the reduction in payments to the retiree is around 40%. Ahh, that makes sense. The IRS doesn't want the payments to stretch out too long, as they are impatient to get their tax due. Kind...
by dickenjb
Mon Aug 25, 2014 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement beneficairy question and IRS
Replies: 5
Views: 590
Next

Return to advanced search