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529 Allocation Question...

My two sons are ages 5 and 2 months respectively. 5-year old has a Vanguard 529 with about $35k, and a UTMA, (also with Vanguard) of about $76k. I was about to open a 529 for the 2-month old, but read that I can affect unlimited rollovers between the two as long as the funds are used within 60 days ...
by itboglesthemind
Fri Jul 26, 2013 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Allocation Question...
Replies: 3
Views: 247

Ally Bank 5-year CD.

Rates a little over 3% right now, and you can cash out anytime with only 2-months interest penalty.
by itboglesthemind
Mon Mar 22, 2010 8:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to invest emergency fund??
Replies: 37
Views: 5987

Thanks all. You confirmed my initial suspicion and will go with the target fund, though for the full $5K rather than $4K. I love your response, Dale! Believe it or not I (and my friend) are actually in the movie biz and my son (luckily for him) looks like his mom, which means he's super cute and jus...
by itboglesthemind
Mon Feb 15, 2010 11:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: ROTH AA for (believe it or not) a 1,1/2 year-old
Replies: 13
Views: 2005

ROTH AA for (believe it or not) a 1,1/2 year-old

My son just got a job modeling for a photo-shoot for friends, and will earn $5,000 which (after taxes) should next him a bit above $4,000 which we are going to put into a Roth for him. Put it all in the Vang. 2050 Fund seems like the obvious play, then roll it into subsequent target-returement funds...
by itboglesthemind
Mon Feb 15, 2010 11:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: ROTH AA for (believe it or not) a 1,1/2 year-old
Replies: 13
Views: 2005

How did you do your income taxes correctly when you were almost thirty and had a UTMA you didn't know about? I got a 1099 every year and paid taxes on the dividends without questioning that it was an account my mom had control over in my name. This would definitely not be my preferred method. Liter...
by itboglesthemind
Thu Feb 11, 2010 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice for Vanguard UTMA account allocation.
Replies: 21
Views: 2160

Thanks, Bruce... One of the few pitfalls of my career is that D.I. is prohibitively expensive. To counter, we're building an abnormally large emergency fund, working to pay off our mortgage early, and are lucky in that a good chunk of our income comes through quarterly residual payments from complet...
by itboglesthemind
Thu Feb 11, 2010 10:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice for Vanguard UTMA account allocation.
Replies: 21
Views: 2160

I apologize to you and your wife. I was not questioning you. I admitted that I may have been naive and lucky to get a good result, or what I consider a good result. I was sincere and not attempting to be snarky. I think that being a successful parent is more important than being a successful invest...
by itboglesthemind
Thu Feb 11, 2010 9:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice for Vanguard UTMA account allocation.
Replies: 21
Views: 2160

Your response is inappropriate. This site is for investment advice, not parenting sermons or snide remarks. You're in no position to question how anyone raises their family. I'm truly surprised to find this kind of snarkiness in such an otherwise terrific forum, and find it ironic to read your words...
by itboglesthemind
Thu Feb 11, 2010 3:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice for Vanguard UTMA account allocation.
Replies: 21
Views: 2160

If this means you intend to keep the money hidden from him until he is past thirty, then I would suggest a UTMA is totally wrong for the situation. Possibly you meant exactly the opposite?[/quote] We're already in the UTMA so there's no choice, unless we drain it before he's eighteen. We'd prefer to...
by itboglesthemind
Thu Feb 11, 2010 1:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice for Vanguard UTMA account allocation.
Replies: 21
Views: 2160

This is a pretty interesting thread I just found... Interesting idea, swapping between the two Target Retirement Funds.

viewtopic.php?t=933&highlight=utma+college
by itboglesthemind
Thu Feb 11, 2010 1:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice for Vanguard UTMA account allocation.
Replies: 21
Views: 2160

Thank you both very much for your replies... Since my original post, my wife and I had a big talk about all of this, and have come up with a slightly modified strategy, which I would love your thoughts on... A bit of background: Me: 39, She: 29 Son: 1.5 ys. Live in CA. 35%/9.3% tax brackets. (ugh, s...
by itboglesthemind
Thu Feb 11, 2010 1:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice for Vanguard UTMA account allocation.
Replies: 21
Views: 2160

Re: Seeking advice for Vanguard UTMA account allocation.

If you don't want to make a gift of your money to him, don't put it into a UGMA or UTMA. At that point, it is no longer your money, even if you have custody of it. You will still have a fiduciary duty to him as custodian of his money, even if you full authority to take all the money out of his accou...
by itboglesthemind
Wed Feb 10, 2010 10:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice for Vanguard UTMA account allocation.
Replies: 21
Views: 2160

Seeking advice for Vanguard UTMA account allocation.

Hi all. So I'm finally making the move to Vanguard over from Smith Barney. My son's existing UTMA account has $55,000 in it and I'm seeking allocation advice once we get to Vanguard. My son is 1, 1/2 years old and we expect the account to go wholly towards college education expenses. We have just op...
by itboglesthemind
Wed Feb 10, 2010 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice for Vanguard UTMA account allocation.
Replies: 21
Views: 2160

We live in CA and have a Living Trust and have been advised by attorneys and accountant of the following: In Name of Trust: Home Physical Possessions Non-Retirement Investment Accounts Checking Savings CDs The trust should be named the "beneficiary" of all family life insurance policies (i...
by itboglesthemind
Tue Feb 09, 2010 8:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: What do you place in a Living Trust?
Replies: 13
Views: 3536

Thank you both for your answers... I guess my concern is that I'd have to sell the shares in a little over a year's time (before April 15 2011), which is typically not the best strategy for an Interm-Term bond fund. I'm also looking at Vanguard Short-Term Bond Index, and/or T.Rowe Shot Term Bond Fun...
by itboglesthemind
Wed Feb 03, 2010 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Keeping Money for Taxes in VCADX?
Replies: 4
Views: 873

bump

:)
by itboglesthemind
Tue Feb 02, 2010 11:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Keeping Money for Taxes in VCADX?
Replies: 4
Views: 873

Keeping Money for Taxes in VCADX?

Hi. California resident, 35% Federal, 9.1% State tax brackets. I'll be earning a large chunk of money in the next few weeks and am automatically segregating 35% into a separate account reserved to pay taxes in 2011. I'm planning to keep it all in Vanguard Californian Interm-Term Tax-Exempt Fund Admi...
by itboglesthemind
Tue Feb 02, 2010 12:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Keeping Money for Taxes in VCADX?
Replies: 4
Views: 873

Where to put son's UTMA?

I've got 55k in my son's UTMA. He's 1.5ys old, we live in California and are in the 35%/9.1% tax bracket. We plan to use the UTMA funds for any private schooling (if he goes that way) and/or to supplement the 529 come college time... Either way, more than 10 years from now... I'm going to spend the ...
by itboglesthemind
Sun Jan 31, 2010 7:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put son's UTMA?
Replies: 0
Views: 278

Keeping Allocated Funds UTMA

Firstly, thanks as always for the consistently great advice. I'm working on allocating the most tax-advantaged portfolio I can, and was wondering if my son's UTMA account can be used as a bucket alongside my 401(k), IRA, taxable accounts, etc.? Doable, or does it have to remain segregated with an al...
by itboglesthemind
Fri Jan 29, 2010 11:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keeping Allocated Funds UTMA
Replies: 2
Views: 396

thank you. having a bit of trouble getting the hang of the search engine here.
by itboglesthemind
Wed Jan 27, 2010 10:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Best place to keep Emergency Fund?
Replies: 3
Views: 1240

Best place to keep Emergency Fund?

Hi All- Firstly, thanks very much for the plethora of great advice and lessons I've gotten from everyone and the site so far. For the first time I feel that I'm getting a handle on my investments and it's a great feeling! I'm establishing an emergency fund and am still debating about the best vehicl...
by itboglesthemind
Wed Jan 27, 2010 9:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Best place to keep Emergency Fund?
Replies: 3
Views: 1240

Thanks again! I guess my only remaining question is the reasoning behind weighting so heavily towards foreign, especially emerging markets?
by itboglesthemind
Mon Jan 25, 2010 8:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simplified Retirement Portfolio
Replies: 8
Views: 1820

Sorry, another questions.

YDNAL, would you maintain the current allocation w/in the stock portion of the portfolio going forward ad-infinitum, or would you gradually change it over time as retirement approaches.

Thanks again!
by itboglesthemind
Mon Jan 25, 2010 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simplified Retirement Portfolio
Replies: 8
Views: 1820

Thank you very much!! The AA looks great, certainly an improvement over mine... One thing I forgot/screwed up, is that I am incorporated (my wife and I are the only employees), and recently opened a 401(k) for the company through our former broker. We're getting our hands on the terms, fees, availab...
by itboglesthemind
Mon Jan 25, 2010 4:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simplified Retirement Portfolio
Replies: 8
Views: 1820

Thank you, Taylor. Very much appreciated! I've read the book but am still very new at this. For my son's education we currently have: $56,000.00 UTMA (cash) $4,000.00 Vang. Coverdell (STAR Fund) (we're able to max this every year through our Family Trust) $350.00 Vang. 529 (contributions from a Upro...
by itboglesthemind
Mon Jan 25, 2010 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simplified Retirement Portfolio
Replies: 8
Views: 1820

Simplified Retirement Portfolio

I posted earlier, but fear it may have been too jumbled... Thanks in advance for any thoughts!!! I just liquidated my funds at a brokerage and plan to put into Vanguard Index funds and IRAs, so I'm all cash, but still in the respective brokerage accounts for the moment, and am looking to go fully in...
by itboglesthemind
Mon Jan 25, 2010 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simplified Retirement Portfolio
Replies: 8
Views: 1820

sorry, here's my complete info -- any other advice muchly appreciated! I just finished reading the book and, after speaking with several trusted friends, am a newly converted Boglehead. As a writer, I always always insecure about finances and happily ignored this side of life, but having a wife and ...
by itboglesthemind
Sun Jan 24, 2010 8:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP to ROTH, does it make sense if I'm in 35% tax-bracket?
Replies: 4
Views: 778

SEP to ROTH, does it make sense if I'm in 35% tax-bracket?

Being in the 35% tax bracket (43% with state), does it make sense to convert a portion of our SEP to a Roth IRA? I'm hesitant because I assume that when I retire I'll be in a lower bracket.

I'm sure this was covered before somewhere, but I searched and couldn't find.

Thanks in advance!!
by itboglesthemind
Sun Jan 24, 2010 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP to ROTH, does it make sense if I'm in 35% tax-bracket?
Replies: 4
Views: 778

Three more requests. Confirm that the new 401K account and SEP IRA are the only retirement accounts today. Yes, they are the only current retirement accounts. I do have a pension through The Writers Guild that will (as of now) come to about $26k/year after age 65. List the investment options that y...
by itboglesthemind
Sun Jan 24, 2010 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fledgling investor 20 years late
Replies: 4
Views: 918

Thanks, YDNAL.

Sorry, by "funds" I meant to say accounts, not monies. Those will be the only two investments we will keep, all others will be cash to be allocated.
by itboglesthemind
Sun Jan 24, 2010 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fledgling investor 20 years late
Replies: 4
Views: 918

Fledgling investor 20 years late

I just finished reading the book and, after speaking with several trusted friends, am a newly converted Boglehead. As a writer, I always always insecure about finances and happily ignored this side of life, but having a wife and a child and a mortgage certainly pulled back my eyelids. I'm relatively...
by itboglesthemind
Sun Jan 24, 2010 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Fledgling investor 20 years late
Replies: 4
Views: 918

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