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Re: Retirement allocation

The mantra for AA is the ability,willingness and NEED to take risk. You have no need as you have won the game. Should you (god forbid) pass, your wife could always revisit her requirements. Gratz!
Mike
by mhalley
Sat Jan 31, 2015 10:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement allocation
Replies: 6
Views: 567

Re: Per Diem - no retirement accounts, any options?

For a w2 employee the only option you have will be an IRA. Most would recommend a Roth. While that won't help your taxes, at least you are putting more away for the future. If you have high taxes, you might need to do the backdoor roth. http://www.bogleheads.org/wiki/Backdoor_Roth_IRA
Mike
by mhalley
Sat Jan 31, 2015 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Per Diem - no retirement accounts, any options?
Replies: 5
Views: 410

Re: new to investing

Welcome to the Forum! There is a difference between INVESTING and SAVING. By definition, all investing comes with risk. Even saving has some risk, ie inflation risk. In todays low interest rate environment, you are not going to get 4% without taking on risk. A quick glance at bankrate.com shows 2.32...
by mhalley
Sat Jan 31, 2015 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: new to investing
Replies: 3
Views: 170

Re: Effects of early retirement on Social Security benefits?

you can download the anypia calculator to run simulations on what happens in that situation.
http://www.ssa.gov/OACT/anypia/anypia.html
Mike
by mhalley
Sat Jan 31, 2015 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Effects of early retirement on Social Security benefits?
Replies: 8
Views: 662

Re: Confusing 401K & Roth IRA situations

You can go ahead and contribute to a traditional IRA, and then later convert it to a roth. You might have a little bit of gains to pay taxes on, but probably not much. OR you could just go ahead and invest the money in taxable account, then put it in the Roth later on once you know for sure what you...
by mhalley
Sat Jan 31, 2015 1:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Confusing 401K & Roth IRA situations
Replies: 4
Views: 339

Re: Am I eligible to invest using a 403b?

What kind of an employee are you? Are you an independent contractor? The HR department should be able to help you. Can you talk to other employees and see what they have done? If you are a regular W2 employee, then you may only have the roth to fall back on. Not every employer offers retirement plan...
by mhalley
Fri Jan 30, 2015 8:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I eligible to invest using a 403b?
Replies: 1
Views: 199

Re: Accidentally forgot a credit card for three months HELP!

3 months late is pretty damaging to your fico score. I agree that calling the cc company is the best bet, followed up with a letter. Here is some examples of a goodwill letter: http://credit.about.com/od/creditrepair/qt/Sample-Goodwill-Letter-To-Remove-Negative-Credit-Report-Information.htm http://f...
by mhalley
Fri Jan 30, 2015 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Accidentally forgot a credit card for three months HELP!
Replies: 34
Views: 3144

Re: Retiring in 6 months - Help with Retirement Portfolio

You can convert the 403 to IRA with no tax implications. I was thinking of potential RMDs, and the possiblity of converting some money to ROTH to 1. reduce rmd and 2. Give heirs the tax advanatage. Again something to talk to vanguard about. Since you won't really need that much money from the retire...
by mhalley
Fri Jan 30, 2015 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6 months - Help with Retirement Portfolio
Replies: 7
Views: 1053

Re: How would you change my 401k

TRP are usually not bad, but I can't find info on the "class d" products. If the er is .5 or so , then I would go with it. OTOH, the S&P is possibly a VERY Low cost fund, so a three fund portfolio with that and the dodge and cox intl along with the bond fund would also be a good choice...
by mhalley
Fri Jan 30, 2015 7:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: How would you change my 401k
Replies: 3
Views: 222

Re: Total Bond Mkt or tax-exempt in taxable account?

The key here is that he is in the 15% bracket. You want to get the highest yield without paying too much in taxes, so one way to figure it out is to use Vanguards tax equivalent yield calculator. https://personal.vanguard.com/us/funds/tools/taxequivalentyield?FundId=0542&Sc2=1&Sc=1&FundI...
by mhalley
Fri Jan 30, 2015 7:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Bond Mkt or tax-exempt in taxable account?
Replies: 27
Views: 1756

Re: How much for kids allowance and how much towards savings

It has been too long since my daughter moved out so I don't know what people these days are doing regarding allowances. At 15, I would lean more toward paying for chores. Certain chores are expected for living in your house, say keeping his room clean. Others, say mowing the yard weekly, would be pa...
by mhalley
Fri Jan 30, 2015 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much for kids allowance and how much towards savings?
Replies: 5
Views: 540

Re: Retiring in 6 months - Help with Retirement Portfolio

So your expenses are going to be covered by your SS, and you will only need to draw on this retirement money as needed to travel and buy the new car? Do you want this money to grow for heirs? I would probably put the retirement money in something simple like a lifestrategy conservative growth or TR ...
by mhalley
Fri Jan 30, 2015 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6 months - Help with Retirement Portfolio
Replies: 7
Views: 1053

Re: Plexus products

This thread will be locked post haste. But just a general warning, if any thing is "natural" and promises "a completely natural dietary supplement which places itself in the category of very powerful chemical options while avoiding risks associated with the latter" run away as fa...
by mhalley
Fri Jan 30, 2015 4:44 pm
 
Forum: Personal Consumer Issues
Topic: Plexus products
Replies: 2
Views: 309

Re: Vanguard Bond Portfolio

This is probably one of the most difficult decisons to make. Most here seem to like the total bond market as their sole bond holding, as part of the three fund portfolio. Vanguard likes to add in the international bond fund in its lifestrategy and target retirement funds at about 75/25 total/interna...
by mhalley
Fri Jan 30, 2015 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Bond Portfolio
Replies: 11
Views: 1055

Re: Roth conversion to new or existing account

I don't see how it would be easier to setup a new account, just roll it into the current one. that is what I have been doing ever since the backdoor roth became available.
Mike
by mhalley
Fri Jan 30, 2015 4:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth conversion to new or existing account
Replies: 4
Views: 361

Re: General advice wanted, two 401k

I will vote for leaving the old 401k where it is. Not rolling it into an ira makes backdoor roths less complicated, 401k offers more protection from creditors, it has great fund choices. The advantage of moving it to make things simpler is not worth what you give up (IMO). To me it is a no brainer t...
by mhalley
Fri Jan 30, 2015 3:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: General advice wanted, two 401k
Replies: 13
Views: 639

Re: Need help picking funds for HSA

While getting low fees is important, sometimes we get a little TOO focused on them. All these etfs have very low fees, and choosing not to use them based on er alone is a mistake. Invest your aa in low cost funds, and don't be so focused that a tiny difference makes you go against your AA.
Mike
by mhalley
Fri Jan 30, 2015 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help picking funds for HSA
Replies: 5
Views: 365

Re: 4 essential documents: Suze Orman

Just looking at the price, it is not bad, a last will on legal zoom is $69. You might check out Quicken Willmaker Plus, it gets good reviews. $40 on amazon. http://www.amazon.com/gp/product/B00MWDBES0?tag=ttr_wills_software-20&ascsubtag=%5Bsite|ttr%5Bcat|729%5Bart|NA%5Bpid|51529%5Btid|NA%5Bbbc|N...
by mhalley
Fri Jan 30, 2015 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: 4 essential documents: Suze Orman
Replies: 27
Views: 3339

Re: Stuck in Bypass Trust

You are going to need an estate lawyer. Depends on the state. A trust can be killed for several reasons, including "not serving a material purpose" of the creator, which it sounds like is the case here. Here are some articles regarding killing a trust: http://www.forbes.com/sites/ashleaebe...
by mhalley
Fri Jan 30, 2015 3:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Stuck in Bypass Trust
Replies: 3
Views: 520

Re: How do I balance debt v. investing in my situation

One option you might consider is Financial Samurais debt payoff system based on interest rates: http://www.financialsamurai.com/pay-down-debt-or-invest-implement-fs-dair/ His calculation (called FS-DAIR) is this: FS-DAIR: Debt Interest Rate X 10 = Percent Of Savings Allocated Towards Debt Pay Down S...
by mhalley
Fri Jan 30, 2015 3:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do I balance debt v. investing in my situation
Replies: 29
Views: 1664

Re: Need help picking funds for HSA

The 3 fund portfolio is a great portfolio, so that seems like a great idea. If you plan on using the hsa as a stealth retirement account, then doing a 90/10 3 fund portfolio woul be fine. You could go with Viix and Vbmpx 90/10, or you could Add midcap and small cap to replicate total stock marget a ...
by mhalley
Thu Jan 29, 2015 8:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help picking funds for HSA
Replies: 5
Views: 365

Re: Rebalancing across multiple accounts

Unfortunately we can't always get out ideal portfolio if we have really crappy funds in the 401k. Since you will be contributing more to the 401k than the roths over your career, it is pretty inevitable that you will become more overweight us and large cap than your "Ideal" portfolio. Also...
by mhalley
Thu Jan 29, 2015 4:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing across multiple accounts
Replies: 8
Views: 629

Re: Obtaining best secured credit card after bankruptcy?

Bankrate.com has lots of good info about credit cards. Here is a link to their secured cc questions to ask when looking for one: http://www.bankrate.com/finance/credit-cards/10-questions-before-getting-a-secured-credit-card-1.aspx and a link to a number of cards: http://www.bankrate.com/credit-cards...
by mhalley
Thu Jan 29, 2015 2:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Obtaining best secured credit card after bankruptcy?
Replies: 3
Views: 331

Re: Investing advice for beginner

Welcome to the forum! I am not sure exactly what you are asking. Looks like she is doing pretty good so far. Is the 300k Savings in cash, or invested in her 401k, or invested in a taxable account? Are you asking how she should direct her 401k investments? You can start at the beginning: http://www.b...
by mhalley
Thu Jan 29, 2015 2:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing advice for beginner
Replies: 6
Views: 525

Re: What to see in Istanbul

My wife was there recently, in addition to the above she recommends Eyup.
http://www.tripadvisor.com/Attraction_R ... anbul.html
Mike
by mhalley
Thu Jan 29, 2015 12:52 am
 
Forum: Personal Consumer Issues
Topic: What to see in Istanbul
Replies: 31
Views: 1574

Re: Morley Stable Value

The stable value fund at my Fidelity 401k has a .79 er. With a horrible return to match!
Mike
by mhalley
Wed Jan 28, 2015 7:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Morley Stable Value
Replies: 4
Views: 559

Re: Roth IRA Backdoor and Marriage

Your spouse has nothing to do with it, it is an INDIVIDUAL retirement account. The only complication a spouse adds is that their income is counted toward the limit to doing the roth. Since you already make more than that, then the point is moot. So, going forward, if your wife were able to do a roth...
by mhalley
Wed Jan 28, 2015 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Backdoor and Marriage
Replies: 3
Views: 270

Re: Transferring from Edward Jones to Vanguard IRA questions

80/20 is fairly aggressive for a 40 yo. The usual number that most star with is age in bonds or age minus 10 in bonds. Yuo might try a questionairre regarding your risk tolerence. https://personal.vanguard.com/us/FundsInvQuestionnaire And check out the wiki on asset allocation. http://www.bogleheads...
by mhalley
Wed Jan 28, 2015 7:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transferring from Edward Jones to Vanguard IRA questions
Replies: 4
Views: 468

Re: New baby college planning advice needed

All of the possibilities have their pluses and minuses. 1. UTMA account: Money taxed at childs rate. You have no control of what they do when they mature. If the child is not responsible, you might regret them having the money. Money is considered when figuring financial aid. Child grows up to be a ...
by mhalley
Wed Jan 28, 2015 2:44 am
 
Forum: Investing - Help with Personal Investments
Topic: New baby college planning advice needed
Replies: 5
Views: 794

Re: Morningstar Instant Xray

Doughroller has a pretty nice guide to the morningstar tools.
http://www.doughroller.net/investing/mo ... ser-guide/
MIke
by mhalley
Tue Jan 27, 2015 8:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Morningstar Instant Xray
Replies: 5
Views: 710

Re: Investment/Portfolio Help

1. 65/35 certainly is not an unreasonable AA. 2. 50/50 total bond/tips is not unreasonable, but doesn't seem to be recommended as much lately. Many are just going with the total bond these days. If you are concerned about unexpected inflation, then keep the aa, but you might consider cutting back on...
by mhalley
Tue Jan 27, 2015 8:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment/Portfolio Help
Replies: 2
Views: 241

Re: Help approximate TSM with these funds

You could do it several ways. Start by looking at the wiki regarding replicating the total stock market: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=134606 I imagine the schwab 500 and the schwab small cap would be similar to vanguards offering. So that would be 83% SWPPX and 17% SFSNX ...
by mhalley
Tue Jan 27, 2015 8:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help approximate TSM with these funds
Replies: 3
Views: 250

Re: Bond Funds and a Cash Yield Question

The thing is, no one knows when the "inevitable" interest rate hike will happen. It has been just around the corner for several years now. You can NOT get risk free money at 5% (or even 2-3%) in the current environment. Bankrate shows the max one year cd is 1.14% right now. Your only optio...
by mhalley
Tue Jan 27, 2015 5:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond Funds and a Cash Yield Question
Replies: 6
Views: 496

Re: Wealthfront automated investment service

Welcome to the Forum! There have been a couple of discussions here about wealthfront, no overwhelming positive sentiment, but some think it might be worth it for someone that has absolutely no desire to do their own investing. http://www.bogleheads.org/forum/viewtopic.php?f=10&t=134606 Generally...
by mhalley
Tue Jan 27, 2015 5:05 pm
 
Forum: Investing - Theory, News & General
Topic: Wealthfront automated investment service
Replies: 19
Views: 1476

Re: Newbie looking for advice on proposed portfolio

I would skip the TR fund and put money into the voya total market index and the pimco bond fund of your choice, saving you on the ER there. I also wonder why you are wanting 40% of your taxable account in bonds? Do you have a use for the money sooner than retirement?

Mike
by mhalley
Tue Jan 27, 2015 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie looking for advice on proposed portfolio
Replies: 9
Views: 466

Re: Backdoor Roth [How to contribute, Have SEP and Solo 401(

The reason Vanguard wouldn't do it is that they just don't accept IRA rollovers into their individual 401ks. You are correct in that Fidelity does accept them. So you could open the fidelity 401k, rollover the IRA money to fidelity, then open up the Vanguard individual 401k and transfer the fidelity...
by mhalley
Tue Jan 27, 2015 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth [How to contribute, Have SEP and Solo 401(k)]
Replies: 2
Views: 218

Re: Android or iPhone? Which do you like, and why?

I use android for my phone. The main thing for me was the price. I used to carry a flip phone and use an ipod to do some apps, but once they finally brought the price of data down (I am cheap, I was paying 15 dollars a quarter for phone use) I finally consolodated. I like the apple products, in fact...
by mhalley
Mon Jan 26, 2015 1:13 pm
 
Forum: Personal Consumer Issues
Topic: Android or iPhone? Which do you like, and why?
Replies: 40
Views: 1852

Re: ESPlanner Software

When I got ready to retire recently I got into a sort of "you better know what the heck you are doing before you actually quit" mode and did a ton of different scenarios using a ton of different software (fidelity, iorp, firecalc, and esplanner.{plus talking to the vanguard cfp}. I had pur...
by mhalley
Mon Jan 26, 2015 2:38 am
 
Forum: Personal Finance (Not Investing)
Topic: ESPlanner Software
Replies: 2
Views: 503

Re: Recommend a clickless mouse

I see several listed on amazon. http://www.amazon.com/forum//ref=ask_dp_dpmw_al_hza?asin=B0042T7TBS&cdSort=best http://www.amazon.com/Suppion-Wireless-Optical-Silent-Gaming/dp/B00M924K7G/ref=sr_1_11?ie=UTF8&qid=1422219376&sr=8-11&keywords=noiseless+mouse http://www.amazon.com/FOME-Er...
by mhalley
Sun Jan 25, 2015 4:03 pm
 
Forum: Personal Consumer Issues
Topic: Recommend a clickless mouse
Replies: 33
Views: 2353

Re: How and when do you buy bonds

Welcome to the forum! The most common bond position recommended here is the total bond market fund. With that fund, you get a well diversified mix of bonds, as noted by the following description of the fund "This fund is designed to provide broad exposure to U.S. investment grade bonds. Reflect...
by mhalley
Sat Jan 24, 2015 3:15 am
 
Forum: Investing - Help with Personal Investments
Topic: How and when do you buy bonds
Replies: 1
Views: 363

Re: seiko divers watch

I have a kinetic one that i bought in the mid '70's when i was in the navy. It is date only, not day date. The crystal is mildly sctatched, but it still runs fine.
Mike
by mhalley
Fri Jan 23, 2015 7:43 pm
 
Forum: Personal Consumer Issues
Topic: seiko divers watch
Replies: 8
Views: 616

Re: 0% balance transfer to pay student loans

OTOH, if you have the money now, why not just pay it off? I know it depletes your emergency fund, but you should build it back up quickly. You have the CC to cover a minor emergency.
Mike
by mhalley
Fri Jan 23, 2015 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: 0% balance transfer to pay student loans
Replies: 5
Views: 656

Re: 0% balance transfer to pay student loans

I don't really see any downside to this. Since there is no tax deduction, and you have the money to do it, why not save on the interest? As long as you are sure there is no catch, go for it. Be sure to read the fine print as always. If the one card won't take the whole balance, you could always do i...
by mhalley
Fri Jan 23, 2015 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: 0% balance transfer to pay student loans
Replies: 5
Views: 656

Re: startegy for HSA deposit if get another Health Insurnace

Excerpt from a faq: https://www.hsaresources.com/faq/ " 1. What if I am only eligible part of the year? If this is your first year of coverage under a HDHP and you start mid-year, you can contribute up to the full applicable federal limit; including a full catch-up amount if between ages 55–65,...
by mhalley
Fri Jan 23, 2015 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: startegy for HSA deposit if get another Health Insurnace
Replies: 3
Views: 494

Re: 401k to Roth conversion for a retiree

You might run some scenarios using I-orp.
http://i-orp.com/
Mike
by mhalley
Fri Jan 23, 2015 4:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k to Roth conversion for a retiree
Replies: 15
Views: 1228

Re: How do I utilize a VG Taxable account?

I don't see that anyone answered the actual question: what type of account should I open? I think the answer is a mutual fund account. I know vanguard is transitioning to having only one type, but I am not sure if they have completely done away with that on opening a new account. Just go to https://...
by mhalley
Fri Jan 23, 2015 4:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do I utilize a VG Taxable account?
Replies: 19
Views: 2333

Re: Reorganizing Portfolio question

Your plan looks pretty good to me, except for a couple of minor points. There are many roads to Dublin, and your plan should get you there. One exception I might have is to use the vanguard small cap value fund instead of the growth fund. Generally tilters around here prefer to tilt to value. It cer...
by mhalley
Fri Jan 23, 2015 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reorganizing Portfolio question
Replies: 8
Views: 859

Re: Selling mutual fund to buy ETF - "out of market" risk

You are going to be invested for about 50 years of your life, assuming you start at 25 and die at 75. The market is going to go up and down every day. The chances that the market is going to go up or down so much as to make those 2 or three days significant over the long term are practically nil. Yo...
by mhalley
Thu Jan 22, 2015 3:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Selling mutual fund to buy ETF - "out of market" risk
Replies: 17
Views: 833
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