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Re: Backdoor Roth question

The TSP is not involved. What would be involved is tIRA, SEP IRA, or SIMPLE IRA in your name. If your friend needs "proof", download Form 8606 and pencil through it.

You can re-characterize your Roth contribution, but I don't known anything other than that.
by retiredjg
Tue Jul 29, 2014 8:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth question
Replies: 2
Views: 161

Re: CSRS and SS, check my logic

heerekj1 wrote:Because of the size of her pension, she will not be eligible to take my SS pension when I die.

Really? No survivor benefit because she has a CSRS pension? That does not make sense to me.
by retiredjg
Tue Jul 29, 2014 7:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: CSRS and SS, check my logic
Replies: 14
Views: 655

Re: Contribute to 457?

Circumstances would have to be REALLY sweet to make contributing to a NON-Governmental 457b a good idea in my opinion. -your money would be subject to your employer's creditors -you can't roll it to an IRA, or to a 401k or to a 403b or to a governmental 457b; you can only roll it to another non-gove...
by retiredjg
Tue Jul 29, 2014 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 16
Views: 764

Re: 401k rollover debate..

Your old 401k plan is excellent. Leaving the money in the old plan is insurance against your current excellent plan changing to a bad plan. I'd consider keeping the old plan as a place to roll over all future "old" 401k plans. This will also leave you without IRAs which can get in the way ...
by retiredjg
Tue Jul 29, 2014 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover debate..
Replies: 7
Views: 431

Re: Help with a new $5m portfolio for an old lady

For a person in the 25% tax bracket, we often suggest using tax-exempt bonds (muni bonds). But using munis for a huge portion of a portfolio may not be wise because munis carry more risk than taxable bonds. Some muni bonds should be fine, but certainly not the entire allocation (in my opinion). If s...
by retiredjg
Tue Jul 29, 2014 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with a new $5m portfolio for an old lady
Replies: 38
Views: 2095

Re: Help with a new $5m portfolio for an old lady

So "needs" to live off of dividends is her stipulation. It's nuts, but it's her money. :D I'd agree with using the Vanguard's advisors. She can choose to use or not use the assets under management approach. Using a CFP at Vanguard will give the well-meaning relatives some comfort that she ...
by retiredjg
Tue Jul 29, 2014 5:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with a new $5m portfolio for an old lady
Replies: 38
Views: 2095

Re: Please confirm my back door Roth understanding

I think we must have been typing at the same time! My spouse does not work so she doesn't have 401/403/457 options, so I believe our best course may be to take the tax hit on the small balance and "clear the decks" as you say. Yes, we were. Since it is a small amount, It would probably be...
by retiredjg
Tue Jul 29, 2014 5:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please confirm my back door Roth understanding
Replies: 11
Views: 536

Re: Please confirm my back door Roth understanding

You seem to be assuming this is not a good idea for your spouse as well as for you. But if the tIRA is small or contains mostly already-taxed money, your spouse might want to just convert it to Roth and clear the decks for future back door contributions. Or the tIRA can often be rolled into a 401k, ...
by retiredjg
Tue Jul 29, 2014 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please confirm my back door Roth understanding
Replies: 11
Views: 536

Re: Help with a new $5m portfolio for an old lady

agingkid wrote:2. She needs to live off the dividends.

What does this mean?
by retiredjg
Tue Jul 29, 2014 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with a new $5m portfolio for an old lady
Replies: 38
Views: 2095

Re: Help with preretirement investment Allocations

truckman, you have some nice choices in your 457b plan. I'm sure you can set up a good allocation there. Here's the problem. It appears you are only showing us part of your portfolio. It doesn't do much good to set up something in only one account if the other accounts are a mess. All of your accoun...
by retiredjg
Tue Jul 29, 2014 8:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with preretirement investment Allocations
Replies: 6
Views: 625

Re: 401K Target Retirement Fund or Not

Both good choices but not exactly an apples to apples comparison. -The target fund has total stock market and your "roll your own" version only has the 500 Index. -The target fund has a complete international index and the "roll your own version" has a good but less complete inte...
by retiredjg
Mon Jul 28, 2014 8:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K Target Retirement Fund or Not
Replies: 19
Views: 1012

Re: Is a "split-personality" approach Boglehead-compatible?

dodecahedron, I didn't read this thread till I had time to really pay attention to it. Sorry for the delay. Some observations.... It feels like your wealth is a bit of a burden and I seriously doubt that your husband would have wanted that to happen. I hope you can get past that. It seems that part ...
by retiredjg
Mon Jul 28, 2014 7:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is a "split-personality" approach Boglehead-compatible?
Replies: 20
Views: 1843

Re: Selling House - Do We Need a Listing Broker?

Three percent of the value of a home for driving me around to look at houses from a list, which I provide, from looking on the internet. Makes no sense. It may have woked in the 1950's , but not today. It would make no sense if that is the only thing they do. The rubber doesn't really meet the road...
by retiredjg
Mon Jul 28, 2014 6:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House - Do We Need a Listing Broker?
Replies: 61
Views: 2564

Re: Selling House - Do We Need a Listing Broker?

Three percent of the value of a home for driving me around to look at houses from a list, which I provide, from looking on the internet. Makes no sense. It may have woked in the 1950's , but not today. It would make no sense if that is the only thing they do. The rubber doesn't really meet the road...
by retiredjg
Mon Jul 28, 2014 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House - Do We Need a Listing Broker?
Replies: 61
Views: 2564

Re: AA for a spoiled young buck

The question does make sense, but you don't want a long term bond index for this. Long term bonds have a greater sensitivity to interest rates and can lose more value than intermediate term bonds. In a sense, they act more like stocks than the intermediate term bonds do. Please note that some bond f...
by retiredjg
Mon Jul 28, 2014 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: AA for a spoiled young buck
Replies: 26
Views: 3813

Re: DCA plan.. Help

I think the answer is the same for mid 6 or mid 7 figures. Just invest it all at one time. If you simply can't do it, invest half now and get rest invested in 6 months or less.
by retiredjg
Sun Jul 27, 2014 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: DCA plan.. Help
Replies: 12
Views: 610

Re: Selling House - Do We Need a Listing Broker?

OP here. I'm a little skeptical that MLS has that much advantage over Zillow. I'll offer a differing opinion. Zillow et all rarely tell you things that might be critical to some buyers For example, recently I only looked at houses that had the laundry room on the main floor. This info is available ...
by retiredjg
Sun Jul 27, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House - Do We Need a Listing Broker?
Replies: 61
Views: 2564

Re: Selling House - Do We Need a Listing Broker?

I sold my home a year ago without an agent for either party. The buyers got a screaming good deal and I got more money in the end as well. However, there were no issues to work out. The buyers were honest and forthcoming and I was honest and forthcoming. We sat around the kitchen table and knocked o...
by retiredjg
Sun Jul 27, 2014 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House - Do We Need a Listing Broker?
Replies: 61
Views: 2564

Re: Some Basic Asset Allocation Advice Please

Yeah, keep working on that tax bracket thing - something is not adding up for me, but I have not had time to figure it out yet. I've got a pretty major distraction going on (moving!) but will be back to help you figure this out.
by retiredjg
Sat Jul 26, 2014 6:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some Basic Asset Allocation Advice Please
Replies: 22
Views: 2644

Re: Upcoming changes to my 401K - Please help me adjust my A

Yes, it is confusing. :D Either way I would like to get my allocation (for all three if possible, retirement, taxable and overall) more in line with my goal of 75/25 and am open to suggestions in how to do so (preferably not by exchanging too much in taxable and instead investing cash). This is not ...
by retiredjg
Sat Jul 26, 2014 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Upcoming changes to my 401K - Please help me adjust my AA
Replies: 4
Views: 509

Re: Advice proceeding with 100% taxable portfolio.

Since my international funds don't look appealing for the 401k how can I implement the 3 fund portfolio for the 401k? I realize I can do total bond and then have a sort of 'slice and dice' portfolio with 500/mid/small cap vanguard...but there is no total international stock, other than the target r...
by retiredjg
Sat Jul 26, 2014 8:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice proceeding with 100% taxable portfolio.
Replies: 24
Views: 1591

Re: AA for a spoiled young buck

I think you should stick to 75/25 period, but the idea is let's see how you handle 75/25 during a crash , and then go 90/10 if you were able to weather it and still re balance and make contributions. I'll add one thing to this. You not only need to be able to weather it and rebalance and continue t...
by retiredjg
Fri Jul 25, 2014 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA for a spoiled young buck
Replies: 26
Views: 3813

Re: Advice proceeding with 100% taxable portfolio.

Valence, I think you have your priorities in the wrong place. You are committed to saving and that's a good thing, but you are not committed to saving for retirement. That's a bad thing. :( The great advantaged of using a tax-deferred vehicle like a 401k is that you are likely to end up with more mo...
by retiredjg
Fri Jul 25, 2014 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice proceeding with 100% taxable portfolio.
Replies: 24
Views: 1591

Re: Advice proceeding with 100% taxable portfolio.

It is almost always a mistake not to use a 401k, even when it is poor. Yours is not even poor. In fact it's excellent. Fill the 401k and an IRA and spend some time reading so you'll understand why this is the best approach. Here's a good place to start. http://www.bogleheads.org/wiki/Getting_started
by retiredjg
Thu Jul 24, 2014 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice proceeding with 100% taxable portfolio.
Replies: 24
Views: 1591

Re: Some Basic Asset Allocation Advice Please

Sorry, I was thinking your 403b had an international fund so you could run 2 parallel mini-portfolios. Skip that idea.

What about your tax bracket?
by retiredjg
Thu Jul 24, 2014 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Some Basic Asset Allocation Advice Please
Replies: 22
Views: 2644

Re: Some Basic Asset Allocation Advice Please

Another idea I had was to go with a simple 60 stock / 40 bond allocation. Leave the 403(b) as it is in S&P index stock. This compromises 20% of portfolio. Then have the Roth divided to Total US Stock Index (40%) and Total US Bond Index (40%). This would also achieve a 60/40 balance for the time...
by retiredjg
Thu Jul 24, 2014 9:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Some Basic Asset Allocation Advice Please
Replies: 22
Views: 2644

Re: AA for a spoiled young buck

retiredjg - Interesting idea of selling during a crash. Another "right" approach to this is what grabiner said - just sell now, especially since you have an unrealized loss. Waiting for a crash works well if a crash happens soon and things just might not go that way. If you sell those 2 u...
by retiredjg
Thu Jul 24, 2014 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: AA for a spoiled young buck
Replies: 26
Views: 3813

Re: AA for a spoiled young buck

retiredjg - Interesting idea of selling during a crash. This means that I'd sell and reinvest instantaneously, effectively, right? Yes. You would sell low and turn around and buy low - a sideways move in the market to get rid of those things with less tax. If you have $3k in unrealized losses dump ...
by retiredjg
Thu Jul 24, 2014 8:04 am
 
Forum: Investing - Help with Personal Investments
Topic: AA for a spoiled young buck
Replies: 26
Views: 3813

Re: A question for the Bogleladies or those who can consult

Professor Emeritus wrote:...what some 1960s Germans called a Mathmädel (female math student who dresses unattractively to distinguish herself from secretaries)

Funny. :happy
by retiredjg
Wed Jul 23, 2014 10:58 am
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 5539

Re: Evaluating Vanguard CFP Recommendations

My thinking is that if you know enough to criticize the plan, you don't need the plan. It's always been my feeling that VG can't win here. They used to recommend a mix of passive and active funds, and we didn't like that. They recommended funds-of-funds (Diversified Equity), and we didn't like that...
by retiredjg
Wed Jul 23, 2014 9:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Evaluating Vanguard CFP Recommendations
Replies: 23
Views: 1789

Re: Some Basic Asset Allocation Advice Please

Mark, you are definitely headed in the right direction. However, your hopes for the market are probably too high unless you just get very lucky. 15% to 20% per year is only what happens in the very good years. There are other years when the numbers go down or go negative. I think you might be able t...
by retiredjg
Wed Jul 23, 2014 9:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Some Basic Asset Allocation Advice Please
Replies: 22
Views: 2644

Re: Evaluating Vanguard CFP Recommendations

Yeah, frankly I'm a bit disappointed and a little concerned. I did discuss our situation and exposure to taxes and it doesn't seem like there was much thought to the plan presented. Longtimelurkers suggestion to just buy Life Strategy Mod growth is looking better and better. I'll at least save the ...
by retiredjg
Wed Jul 23, 2014 7:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Evaluating Vanguard CFP Recommendations
Replies: 23
Views: 1789

Re: Evaluating Vanguard CFP Recommendations

I don't know how Vanguard could attempt to evaluate tax strategy for an investor without knowing the investor's tax situation and attempting to give tax advice, which they absolutely should not be doing. That seems reasonable, but suggesting tax-exempt bonds hardly seems like "giving tax advic...
by retiredjg
Tue Jul 22, 2014 10:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Evaluating Vanguard CFP Recommendations
Replies: 23
Views: 1789

Re: A question for the Bogleladies or those who can consult

sscritic wrote:
retiredjg wrote: :shock: :shock: :shock: It NEVER in a million years would have occurred to me that underwear could cost that much...

But wouldn't you feel special in a pair of $135 panties?

Only if I also had on a matching $694 bra....and that seems pretty unlikely. :twisted:
by retiredjg
Tue Jul 22, 2014 9:38 pm
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 5539

Re: Evaluating Vanguard CFP Recommendations

We see Vanguard recommendations from time to time. But this one makes me wonder if we've ever seen one solely for a taxable account. It is not tax-efficient and certainly not what would be recommended here. That does not mean it is a bad suggestion, but it makes me wonder if Vanguard pays attention ...
by retiredjg
Tue Jul 22, 2014 9:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Evaluating Vanguard CFP Recommendations
Replies: 23
Views: 1789

Re: A question for the Bogleladies or those who can consult

Barefootgirl wrote:really, my favorite is all that….


http://www.laperla.com


happy shopping! BFG


:shock: :shock: :shock: It NEVER in a million years would have occurred to me that underwear could cost that much...
by retiredjg
Tue Jul 22, 2014 9:00 pm
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 5539

Re: Patio door recommendations

I love the blinds between the glass although I don't have any yet. I have not seen them on sliding doors though. Seems like a really good idea. I had a friend that bought an after market thing that you put over the glass of a patio door - essentially making it blinds between the glass - and she love...
by retiredjg
Tue Jul 22, 2014 8:48 pm
 
Forum: Personal Consumer Issues
Topic: Patio door recommendations
Replies: 15
Views: 1010

Re: Raft Stategy

I am going to roll my 401K next week. If you knew for sure there would be a stock market correction of 25% early next year, how would you invest this money? I think your plan of 40% stocks/60% bonds is appropriate for your age and your situation. If there is a correction of 25%, your portfolio (or ...
by retiredjg
Tue Jul 22, 2014 11:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Raft Stategy
Replies: 32
Views: 3385

Re: Advice for First-Time Investors

Roth IRA ($5.5k each): 90/10 VFIFX Target Retirement 2050 ; Exp. Ratio: 0.18% I'd still consider using 80/20 but that is just my opinion (that all portfolios need at least 20% bonds). Please understand that saving only $11k a year for retirement should be considered temporary. It is OK to save a lo...
by retiredjg
Tue Jul 22, 2014 10:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice for First-Time Investors
Replies: 19
Views: 2325

Re: Your allocation to Emerging Market small cap ETFs?

DGS Wisdom Tree Emerging Market SmallCap Fund (0.63%) EEMS iShares MSCI Emerging Markets Small-Cap ETF (0.67%) EWX SPDR® S&P® Emerging Markets Small Cap ETF (0.65%) – huge tracking error! I don't see much point in messing with these, especially at that cost. They are part of a part of internati...
by retiredjg
Tue Jul 22, 2014 10:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Your allocation to Emerging Market small cap ETFs?
Replies: 12
Views: 1183

Re: Advice Needed on Transitioning to DIY Passive Portfolio

Dollar cost averaging does not make sense when you are making a sideways move. Why be out of the market for any longer than necessary?
by retiredjg
Mon Jul 21, 2014 9:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice Needed on Transitioning to DIY Passive Portfolio
Replies: 59
Views: 6229

Re: With all these recent posts regarding tilts, should I?

brigboy, perhaps you have heard the saying "you have to walk before you can run". It's a concept you might consider. Pick something simple - such as 80% stock and 20% bonds with some of the stocks in international - and invest that way for a few years. Let the market and your experiences i...
by retiredjg
Mon Jul 21, 2014 8:16 pm
 
Forum: Investing - Theory, News & General
Topic: With all these recent posts regarding tilts, should I?
Replies: 14
Views: 1017

Re: What is reasonable for 403b fees?

If/when people look around for a replacement, one possibility is a 457b plan. This might look good at the onset, but a non-governmental 457b plan is NOT the way to go. There is no protection of assets (assets would be subject to the employer creditors) and nowhere to roll it once you leave employmen...
by retiredjg
Mon Jul 21, 2014 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: What is reasonable for 403b fees?
Replies: 21
Views: 1081

Re: Your allocation to Emerging Market small cap ETFs?

DGS Wisdom Tree Emerging Market SmallCap Fund (0.63%) EEMS iShares MSCI Emerging Markets Small-Cap ETF (0.67%) EWX SPDR® S&P® Emerging Markets Small Cap ETF (0.65%) – huge tracking error! I don't see much point in messing with these, especially at that cost. They are part of a part of internati...
by retiredjg
Mon Jul 21, 2014 8:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Your allocation to Emerging Market small cap ETFs?
Replies: 12
Views: 1183

Re: TSP vs Vanguard

Now that "to" and "through" stuff is interesting. Don't think I've heard that part before. Not sure on the L funds, but the VG Target Funds don't end on their date. The 2010 fund is still around and still becoming more conservative. It will eventually just get lumped into the Ta...
by retiredjg
Mon Jul 21, 2014 7:21 am
 
Forum: Investing - Theory, News & General
Topic: TSP vs Vanguard
Replies: 10
Views: 1159

Re: What is reasonable for 403b fees?

Since there is a generous dollar for dollar match up to 6% salary that I know is too good to pass up (once I'm eligible), if we can't get a better plan, I will probably be kept up at night knowing I have money in this expensive account! If you can't get your plan improved, you should sleep at night...
by retiredjg
Mon Jul 21, 2014 7:09 am
 
Forum: Personal Finance (Not Investing)
Topic: What is reasonable for 403b fees?
Replies: 21
Views: 1081

Re: TSP vs Vanguard

Now that "to" and "through" stuff is interesting. Don't think I've heard that part before.
by retiredjg
Sun Jul 20, 2014 9:14 pm
 
Forum: Investing - Theory, News & General
Topic: TSP vs Vanguard
Replies: 10
Views: 1159

Re: TSP vs Vanguard

Yes. Many of us believe that Vanguard's TR funds, and most of the others out there, are too aggressive. But if you ignore the date and pick by AA, they are a GREAT investment.
by retiredjg
Sun Jul 20, 2014 8:51 pm
 
Forum: Investing - Theory, News & General
Topic: TSP vs Vanguard
Replies: 10
Views: 1159
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