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Re: Spousal IRA question

I may have been quicker, but I think it is better to hear the same info from more than one person. And you provided LINKS!
by retiredjg
Mon Mar 02, 2015 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA question
Replies: 5
Views: 296

Re: All Weather portfolio

catlover wrote: I would like to move it all back to index funds and copy the ALL Weather portfolio as close as possible. Can anyone help please?

The best way for us to help you is to steer you back toward a simple 3 or 4 fund portfolio.
by retiredjg
Mon Mar 02, 2015 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: All Weather portfolio
Replies: 5
Views: 342

Re: Spousal IRA question

No, there is no place to record this to my knowledge. The IRS allows her to fill her IRA based on your income. If your income is enough to cover both IRAs, there is nothing to worry about. I do not have a Traditional IRA because I have Simple IRA with my employer and currently contribute Maximum of ...
by retiredjg
Mon Mar 02, 2015 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA question
Replies: 5
Views: 296

Re: Portfolio Review - Rebalancing and Short Term Goals

Something else I've read is that it's often beneficial to convert 401k's into IRAs for flexibility that comes with letting me pick any of the funds I want with whatever mix I'd like. I guess the counter to that would be that my current 401K offers me very good investment options anyways. This is co...
by retiredjg
Mon Mar 02, 2015 5:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 425

Re: Portfolio Review - Rebalancing and Short Term Goals

I would not migrate to this new portfolio. I'd change it to what you feel is more appropriate. What are you referring to when you say not to migrate it? Do not migrate my 401k's? Don't change your asset allocation in a slow way by just adding bonds to your contributions. Go into one or more of the ...
by retiredjg
Mon Mar 02, 2015 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 425

Re: Oil & Vinegar

It will keep for 4-5 days, so don't make a huge batch, just what you think you will use in that time. What do you find happens after 4-5 days? For decades I've been making mine in larger batches and storing it on the counter at room temp for weeks and have never had an issue. There's nothing in it ...
by retiredjg
Mon Mar 02, 2015 4:12 pm
 
Forum: Personal Consumer Issues
Topic: Oil & Vinegar
Replies: 27
Views: 1436

Re: Portfolio Review - Rebalancing and Short Term Goals

I would not migrate to this new portfolio. I'd change it to what you feel is more appropriate.
by retiredjg
Mon Mar 02, 2015 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 425

Re: Portfolio Review - Rebalancing and Short Term Goals

I guess as opposed to just putting all my money into a 401k. I have a Roth IRA I don't contribute to and I do have monthly savings that are just going into a 1% yield savings account, but I do want that money for my home downpayment as well. I read somewhere I should do the 401k up to company match...
by retiredjg
Mon Mar 02, 2015 3:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 425

Re: Peek into my finances and life :)

We don't know what asset allocation want and we also don't know what asset allocation you have. Have you given this some thought? A 457b can be a good thing or not. If it is a governmental 457b, fine. If it is a non-governmental 457b, not so fine. Do you know? If not you need to find out. You don't ...
by retiredjg
Mon Mar 02, 2015 3:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Peek into my finances and life :)
Replies: 3
Views: 642

Re: Father in law possible elder scam victim?

Oh, sorry - didn't mean to imply that there was possible forgery. He definitely signed them - he just doesn't remember doing so due to his dementia. I didn't take it as forgery. But I don't think we were aware of dementia or decreased cognitive ability. This makes your accusation of possible elder ...
by retiredjg
Mon Mar 02, 2015 12:04 pm
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 29
Views: 1352

Re: 401k is changing - need advise

Wow. I absolutely second the need for a loud complaint. Removing that S&P fund is a ridiculous fee grab. I don't think it is a fee grab because it does take more work (more money) to maintain an equally weighted index. But it might be chasing returns since this index does sometimes outperform t...
by retiredjg
Mon Mar 02, 2015 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k is changing - need advise
Replies: 6
Views: 386

Re: Father in law possible elder scam victim?

Agreed. My FIL has no recollection of signing these checks - some of them appear to have been written by the handymen and FIL signed them. He clearly has cognitive issues, and frankly can not afford the loss of several thousand dollars. His second wife has a history of loaning money to _anybody_ th...
by retiredjg
Mon Mar 02, 2015 11:26 am
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 29
Views: 1352

Re: When will Annual Roth IRA Contribution Limit Increase

I'm under the impression it is now linked to inflation and raised in $500 increments. However, I didn't find any documentation for that in a quick search.
by retiredjg
Mon Mar 02, 2015 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: When will Annual Roth IRA Contribution Limit Increase
Replies: 6
Views: 633

Re: Father in law possible elder scam victim?

Have they asked for help? If not, it might be best to just stay out of it other than advising against other loans. If they have asked for help, I'd see what happens on March 8 (actually, it will take time to see if the check bounces) before contacting any authorities. Much more may have happened tha...
by retiredjg
Mon Mar 02, 2015 10:20 am
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 29
Views: 1352

Re: Adding diversification to taxable account for FIRE

1. Is there any advantage to diversify my taxable holdings for my goals? Or am I better off re-balancing in tax advantaged space and buying more Int'l in my taxable account? I do not believe that holding other funds in your taxable account will affect your goal (in any predictable way) of using tha...
by retiredjg
Mon Mar 02, 2015 9:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Adding diversification to taxable account for FIRE
Replies: 3
Views: 316

Re: Help with municipal bonds

Putting this money into Wellesley Income or LifeStrategy Income would be changing their overall asset allocation as well as putting funds in taxable that are not tax-efficient. Since the $150k is in CDs, bonds would be a logical place to put the money unless they want to re-allocatate something in t...
by retiredjg
Mon Mar 02, 2015 9:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with municipal bonds
Replies: 4
Views: 397

Re: 401k is changing - need advise

Do you have an IRA? Is there an employer match?

You could put your international allocation into an IRA/Roth IRA at Vanguard and take advantage of lower costs. If this is not feasible, I guess I'd use the Lazard fund iin the 401k.
by retiredjg
Mon Mar 02, 2015 9:13 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k is changing - need advise
Replies: 6
Views: 386

Re: Portfolio Review - Rebalancing and Short Term Goals

1. I have not contributed at all to my IRA in a long time. Should I start contributing to that? As opposed to what? Not saving? Putting the money somewhere else? 2. I may be switching jobs in this year hopefully, does that impact my investment strategy right now or should I just wait to see what th...
by retiredjg
Mon Mar 02, 2015 8:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 425

Re: Should pre-tax accounts still be prioritized here?

Ciel wrote:Fund options are horrible for the 403b and 457 with high expense ratios.

By the way, we frequently have people say their options are horrible....only to find out they have perfectly usable funds. It's nice to have very low expense ratios, but a fund at .5% or .75% is not really horrible.
by retiredjg
Mon Mar 02, 2015 6:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Should pre-tax accounts still be prioritized here?
Replies: 11
Views: 797

Re: Question - Traditional to Roth IRA Withholding

That makes sense. I suppose it is too late to do anything about the penalty on what was withheld, so recharacterization would not undo that.
by retiredjg
Mon Mar 02, 2015 6:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Question - Traditional to Roth IRA Withholding
Replies: 5
Views: 267

Re: 401k is changing - need advise

First, you should complain. I suppose I would use the 500 Index because it has a low expense ratio. However, it is not an index fund in the sense you know index funds. Notice the "equally weighted" part of the name. Hold your international allocation in an IRA if possible. I was also wonde...
by retiredjg
Sun Mar 01, 2015 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k is changing - need advise
Replies: 6
Views: 386

Re: Should pre-tax accounts still be prioritized here?

All things being equal, if it is governmental and if you roll it to IRA, neither the 403b or the 457b has an advantage that I can see. In either case, the money is available at 59.5 or at any age if you use SEPP (substantially equal periodic payments). All things being equal, if it is governmental a...
by retiredjg
Sun Mar 01, 2015 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should pre-tax accounts still be prioritized here?
Replies: 11
Views: 797

Re: Question - Traditional to Roth IRA Withholding

It was probably a bad decision to withhold for federal tax unless you are at least 59.5 years old. If you are under age, the money withheld for tax is an early withdrawal from your IRA. You can "undo" this by asking your custodian to re-characterize the Roth conversion. Then there is a wai...
by retiredjg
Sun Mar 01, 2015 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question - Traditional to Roth IRA Withholding
Replies: 5
Views: 267

Re: Roth IRA Max Contribution (Married)

rkhusky wrote:
VT2006 wrote:Roth IRA's started in 1998.

No wonder mine was so small. How quickly we forget. :happy
by retiredjg
Sun Mar 01, 2015 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Max Contribution (Married)
Replies: 4
Views: 346

Re: Managing a larger portfolio with possible life changes a

Do NOT take your money to a bank. The "advisors" at banks are notorious for advice that is good for them and not so good for you. I think that would absolutely be a step in the wrong direction. My advice above notwithstanding, he's talking about the investment advisory and trust arm of th...
by retiredjg
Sun Mar 01, 2015 5:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Managing a larger portfolio with possible life changes ahead
Replies: 16
Views: 765

Re: Should pre-tax accounts still be prioritized here?

Since you mention "affiliated with county/state", it is likely to be governmental. But be sure. It could be a private hospital that has contracts with the county/state.
by retiredjg
Sun Mar 01, 2015 5:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should pre-tax accounts still be prioritized here?
Replies: 11
Views: 797

Re: Managing a larger portfolio with possible life changes a

If you still want active management, stick with Portfolio Solutions. Do NOT take your money to a bank. The "advisors" at banks are notorious for advice that is good for them and not so good for you. I think that would absolutely be a step in the wrong direction. If you want to leave Portfo...
by retiredjg
Sun Mar 01, 2015 4:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Managing a larger portfolio with possible life changes ahead
Replies: 16
Views: 765

Re: Should pre-tax accounts still be prioritized here?

The place of employment is a hospital that has an affiliation with the county/state. So I'm unsure if that means it's a government 457 or not -- what's the difference? A governmental 457b is just what you think it is. And you can roll it to an IRA if you need to, but it loses it's "no age requ...
by retiredjg
Sun Mar 01, 2015 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should pre-tax accounts still be prioritized here?
Replies: 11
Views: 797

Re: Investing 1 Mill for 75 year old parent

Fidelity has a lot fewer choices in this area. The only one I know of would be one of the Fidelity Freedom INDEX Funds. Don't bother with the regular Fidelity Freedom Funds. Well, it took me more than 10 minutes to find this fund on their website. I'm convinced that Fido wants to say they have this ...
by retiredjg
Sun Mar 01, 2015 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing 1 Mill for 75 year old parent
Replies: 15
Views: 1062

Re: Should pre-tax accounts still be prioritized here?

Since you say an IRA (presumably Roth) is maxed too... For a governmental 457b, maybe. Depends on how bad it is. Mediocre 457b and high tax bracket, yes. Really bad 457b and 25% or 28% bracket, probably not. For a non-governmental 457b, no. I would not use it at all unless I was about to retire in a...
by retiredjg
Sun Mar 01, 2015 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should pre-tax accounts still be prioritized here?
Replies: 11
Views: 797

Re: Does a Roth IRA make sense if you live in a high COL pla

I seriously feel like crying or something stupid like that, lol. I am really frustrated. This is frustrating when you are starting out. Just learn a little at a time and be satisfied that you are making progress. None of us knew anything when we started either. I don't understand any of this and fe...
by retiredjg
Sun Mar 01, 2015 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3058

Re: Does a Roth IRA make sense if you live in a high COL pla

I am also a little confused. How will I know when I am no longer able to contribute to the Roth IRA? As in, how does Vanguard know my salary? It is not up to Vanguard to determine any of this. It is up to you. To do that, you find the information that the IRS has made available to you in terms of p...
by retiredjg
Sun Mar 01, 2015 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3058

Re: Does a Roth IRA make sense if you live in a high COL pla

It does not seem that NJ is a very high income tax state to me. Do you pay other income taxes besides federal and NJ? I'm wondering if you are confused on what income tax is. When people talk about high cost of living, they are talking about rent, the cost of milk (because sales tax is high), taxes ...
by retiredjg
Sun Mar 01, 2015 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3058

Re: Does a Roth IRA make sense if you live in a high COL pla

You are not "wasting time" with Roth IRA. But if you live where income taxes (federal, state, local, city) are high and you think you might leave, Roth may not be your best choice before all of your pre-tax containers are filled. In other words, you really can't lose by filling your 401k a...
by retiredjg
Sun Mar 01, 2015 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3058

Re: Does a Roth IRA make sense if you live in a high COL pla

You have the part about taxation on contributions and withdrawals correct, but that has nothing to do with where you live. I agree with the point you are making, but there are some exceptions. For example, NYC has a city income tax. In San Francisco, a lot of people rent instead of buy (no mortgage...
by retiredjg
Sun Mar 01, 2015 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3058

Re: Does a Roth IRA make sense if you live in a high COL pla

I was under the impression that you use post-tax money to fund the Roth IRA and then you can withdraw from it tax-free. So ideally you'd want to invest when you have low taxes, and withdraw it when you have higher taxes. Roth is a very good thing when you can contribute at a lower rate than the rat...
by retiredjg
Sun Mar 01, 2015 10:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3058

Re: Does a Roth IRA make sense if you live in a high COL pla

I feel like a huge idiot for using the Roth IRA now. You should not feel like an idiot for having used the Roth IRA. There are two opinions on this issue. Also, no rule of thumb is best for every situation and neither opinion is best for every situation. Using Roth IRA was not a mistake. Using more...
by retiredjg
Sun Mar 01, 2015 8:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3058

Re: Is this a good AA plan?

Or use some F Fund in the TSP - this is also a Total Bond Index fund.
by retiredjg
Sun Mar 01, 2015 8:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Is this a good AA plan?
Replies: 7
Views: 707

Re: Accidental After Tax Contribution to Roll Over IRA

Be sure to write good notes. Next spring, you will have forgotten something important. Also be sure that you do not indicate that you contributed that $10k to Roth IRA. Instead you are going to convert to Roth IRA. These things are filed differently.
by retiredjg
Sun Mar 01, 2015 8:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Accidental After Tax Contribution to Roll Over IRA
Replies: 13
Views: 722

Re: Accidental After Tax Contribution to Roll Over IRA

I think this may be the best route for me. I'm going to get the 8606 forms and speak with T Rowe about the transfers Forms 8606 for past years are available on the internet. It does seem a little confusing that I can move the money to my 401K without paying taxes, This is pre-tax money. You are mov...
by retiredjg
Sun Mar 01, 2015 7:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Accidental After Tax Contribution to Roll Over IRA
Replies: 13
Views: 722

Re: SEP-IRA vs Solo 401(k)

Fidelity has most of the funds you want at prices similar to Vanguard. The Spartan Global Except US fund is not identical to the Vanguard International (Fido's lacks small caps) but in reality the funds track each other very closely. I don't think Fidelity has anything low cost in the way of interna...
by retiredjg
Sat Feb 28, 2015 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA vs Solo 401(k)
Replies: 16
Views: 666

Re: Accidental After Tax Contribution to Roll Over IRA

This is correct. Your "proof" would be filing out a 2012 Form 8606 and a 2013 Form 8606 to document the non-deductible contributions. If your taxes are not changed, you can send in these forms to the IRS alone - you do not have to amend your tax forms. However, when withdrawal time comes,...
by retiredjg
Sat Feb 28, 2015 1:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Accidental After Tax Contribution to Roll Over IRA
Replies: 13
Views: 722

Re: Turning 40...Investment...Help Please

Then at our prompting, he opened the IRA for us. I assume this is His Traditional IRA? Are the contributions in this deductible, non-deductible, or a combination? Have you already determined that you are not eligible to contribute directly to Roth IRA due to modified AGI? We are not sure of how muc...
by retiredjg
Sat Feb 28, 2015 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 17
Views: 1973

Re: Turning 40...Investment...Help Please

You are completely right. The three accounts are actually the vendors. Husband's employer allows employees to select from several. Our rationale for selecting Vanguard, Fidelity and Valic was that we can directly pick the Vanguard/Fidelity funds at Vanguard/Fidelity, respectively. Who is the Vangua...
by retiredjg
Sat Feb 28, 2015 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 17
Views: 1973

Re: Turning 40...Investment...Help Please

We want to be aggressive as it took us a long time to get through training and thus we feel we are behind on saving for retirement and thus want to be as aggressive as we can. Is 80%/20% seem in line with this desire? Yes, it is in line with that desire. In my opinion, it might be a touch too aggre...
by retiredjg
Sat Feb 28, 2015 10:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 17
Views: 1973

Re: Accidental After Tax Contribution to Roll Over IRA

At first, you said you contributed after tax for 3 years, but then you only listed 2012 and 2013. Which is correct? Here are my 3 main options: Where did you get this information? I can roll over my after tax contributions from the Rollover IRA to a Roth IRA, tax/penalty free, but not the earnings f...
by retiredjg
Sat Feb 28, 2015 9:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Accidental After Tax Contribution to Roll Over IRA
Replies: 13
Views: 722

Re: Do you consider mortgage payments as savings?

I just consider it a mortgage payment.

If the point of calling it savings is to figure out your net worth, what do you then do with that information? This is just not something I need to measure.
by retiredjg
Sat Feb 28, 2015 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 207
Views: 7783

Re: Is this a good AA plan?

1. Does this look like an appropriate AA or should I be tax adjusting the AA based on which funds are in the Roth vs Taxable vs Tax Deferred? I think this idea is fine. I don't think tax adjusting is a "should", but a could. If it makes sense to you and if you want to do it, then do it. 2...
by retiredjg
Sat Feb 28, 2015 8:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Is this a good AA plan?
Replies: 7
Views: 707

Re: Tax efficiency of bonds in a taxable account

BitDude wrote:But if I HAD to choose, would it be Total Bond market, or tax-exempt bonds? I'm in the 25% tax bracket, and live in CA.

My point is that you don't have to make that choice. Just because you already have stuff in the 401k or IRA doesn't mean you can't change it.
by retiredjg
Fri Feb 27, 2015 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax efficiency of bonds in a taxable account
Replies: 9
Views: 709

Re: Turning 40...Investment...Help Please

Thanks for answering all the questions. I'm still unclear on the 403b. Sometimes there can be a dozen or so different vendors that offer a 403b account through your employer. They are all independent - separate businesses. However, I think you can only use one of them at a time not several at a time...
by retiredjg
Fri Feb 27, 2015 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 17
Views: 1973
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