Search found 21849 matches

by retiredjg
Thu Jul 30, 2015 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice please on high tax bracket, high taxable portfolio structure!
Replies: 13
Views: 982

Re: Need advice please on high tax bracket, high taxable portfolio structure!

1) Is it appropriate to give up on things like REITS and small/value tilt, given the tax implications? It bothers me not to, but for everything i'm gathering the tax hit will make it not worth it. I would not hold REIT in taxable. However, if you really really want REIT, you could buy the Vanguard ...
by retiredjg
Thu Jul 30, 2015 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 8
Views: 574

Re: Which debt to work on next?

I think it is close to even once you take the tax deduction for the mortgage.
by retiredjg
Thu Jul 30, 2015 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup #2: "ACWX" vs. VXUS?
Replies: 7
Views: 316

Re: Portfolio Checkup #2: "ACWX" vs. VXUS?

Actually, I do believe that Vanguard Total International, fund and ETF, used to track that exact index MSCI ACWI ex-US IMI. I remember it because I once heard a Vanguard rep rattle off "mishie-ackwy-exuss-immie" like it was something kids on playgrounds do with marbles or something. My mi...
by retiredjg
Thu Jul 30, 2015 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Simplify Investments for DW if I precede her in death
Replies: 11
Views: 824

Re: Simplify Investments for DW if I precede her in death

I would appreciate any thoughts about best strategy for handling this. I like the ideas you have already mentioned - consolidating investments to one place (or one place plus CDs) and using an all in one fund. If all your accounts are IRA, 401k, etc. it would be easy. If you have a significant amou...
by retiredjg
Thu Jul 30, 2015 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Sell American Funds?
Replies: 6
Views: 383

Re: Sell American Funds?

I would get out of the American funds because they are actively managed and because their expense ratios are higher than the Vanguard funds. And another reason - they usually have at least 2 if not 3 asset classes (most often domestic and foreign stock) and I don't want to have to tease those number...
by retiredjg
Thu Jul 30, 2015 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting
Replies: 3
Views: 186

Re: Tax loss harvesting

If you feel it falls into the "fine category", there is no need to wait 30 days before and after the sale. That is only required (to avoid a wash sale) if you buy a substantially identical investment.
by retiredjg
Thu Jul 30, 2015 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 27
Views: 1132

Re: Wife starting a 403b...some questions...

If you are unsure, roll the 403b into tIRA instead of Roth. Or leave it in place until you're ready to convert (some of) it into Roth. And then only roll (pieces of) it into the tIRA right before you then roll it into the Roth. It is no longer necessary to go through 2 steps. It can go directly to ...
by retiredjg
Thu Jul 30, 2015 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup #2: "ACWX" vs. VXUS?
Replies: 7
Views: 316

Re: Portfolio Checkup #2: "ACWX" vs. VXUS?

But you gotta dance with what is available and not worry about it. Oh we have a new saying and it actually works. Don't be offended when I steal it! Oh, I forgot. I'd either use the fund available since it is an index and low cost…or I would not hold international in that account and hold all of it...
by retiredjg
Thu Jul 30, 2015 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting
Replies: 3
Views: 186

Re: Tax loss harvesting

There is no clear definition of what "substantially identical" means and the IRS so far has simply refused or neglected to define it. So much of this is your own interpretation. I think most people would say that you could do this sale and purchase without a wash sale. A few might disagree...
by retiredjg
Thu Jul 30, 2015 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: IRA for wife (w2)
Replies: 15
Views: 675

Re: IRA for wife (w2)

No. Your annual contributions to all of your 401k plans can not total more than the $18,000/24,000 per year. That is NOT Each Plan but your total contributions to 401ks per year. This is correct as an employee. But I believe each 401k has separate limits on what the employer can contribute in terms...
by retiredjg
Thu Jul 30, 2015 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 27
Views: 1132

Re: Wife starting a 403b...some questions...

So bringing this back to the original question, yes she should invest at least enough in the 403b to get the match. We don't know the expense ratios, but if they are low, she should invest as much additional as possible because the choices are very good. In addition to the 403b, she should put money...
by retiredjg
Thu Jul 30, 2015 7:51 am
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 21
Views: 2103

Re: hoping for thoughts, advice; unmarried couple in 70's

You asked if the SEP still exists. It must. It cannot be rolled over to a 401K, at least at Vanguard; that is what I was told when I inquired a while back. The SEP can be rolled to a regular IRA. It can be rolled into a 401k, but Vanguard does not allow that for their Solo 401k. For funds, about 9 ...
by retiredjg
Thu Jul 30, 2015 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Auto collision with uninsured driver caused $5000 in damage. What to do?
Replies: 23
Views: 1937

Re: Auto collision with uninsured driver caused $5000 in damage. What to do?

Insurance requirements do vary from state to state. But the car was leased. I feel sure the dealer (or whoever) required your brother to carry whatever coverage was necessary in his state to take care of their investment.

Let the insurance company handle this.
by retiredjg
Thu Jul 30, 2015 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Starting a retirment account. High expense 457 vs. Roth IRA
Replies: 13
Views: 968

Re: Starting a retirment account. High expense 457 vs. Roth IRA

At retirement rollover the 457(b) into regular IRA accounts….

There is a problem with this if you want to use the money before 59.5. If you leave it in a 457b plan, you can use the money any time after separation. If you roll it to IRA, then IRA rules apply.
by retiredjg
Wed Jul 29, 2015 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a retirment account. High expense 457 vs. Roth IRA
Replies: 13
Views: 968

Re: Starting a retirment account. High expense 457 vs. Roth IRA

Since there is no match associated with the 457b and since the choices are poor, you should put the first $5,500 you save into Roth IRA. Anything you save for retirement over that $5,500 could go into the 457b and those contributions will be subtracted from your taxable income. Seems we have simila...
by retiredjg
Wed Jul 29, 2015 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 21
Views: 2103

Re: hoping for thoughts, advice; unmarried couple in 70's

stilllearning wrote:c) charitable commitments

Some of the rig-raf in taxable could be donated to charity - you/she get the deduction without paying the cap gains tax.
by retiredjg
Wed Jul 29, 2015 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 27
Views: 1132

Re: Wife starting a 403b...some questions...

In this case, I think she is "covered" since she has a pension, regardless of the other stuff.
by retiredjg
Wed Jul 29, 2015 12:14 pm
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6048

Re: wife got in wreck with Honda CRV - no collison coverage

Safety studies also show that the lowest accident rates in traffic are for vehicles running at the average speed of the traffic, whatever that speed may be. This is true even when people are following too closely, but mostly because there is not something unexpected happening most of the time. But ...
by retiredjg
Wed Jul 29, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3500

Re: Geico Auto Insurance

I have heard that for homeowner's insurance, Geico farms the insurance out to other companies based on location/region. So, I don't think that they actually underwrite their own homeowner's insurance polices. Could explain why they were in line with the others for homeowner's. Now that you mention ...
by retiredjg
Wed Jul 29, 2015 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Another rollover advice thread
Replies: 7
Views: 510

Re: Another rollover advice thread

Thanks for the update. :happy
by retiredjg
Wed Jul 29, 2015 10:57 am
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6048

Re: wife got in wreck with Honda CRV - no collison coverage

Jack FFR1846 wrote:I really wish we had real driver training. When I'm made king, that'll be my first command.

Well then, I hope you are made king. :happy

I have friends who were unable to even find driving lessons for their kids, not even at school. And yes, there were several teenage wrecks in that family.
by retiredjg
Wed Jul 29, 2015 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3500

Re: Geico Auto Insurance

But that is the reason they are less expensive! No broker overhead. Were any of the other quotes from places that are mostly on-line? That could be some of the difference. But I recently shopped out homeowner's insurance and GEICO was right in there with the pack - not lower than the others. Go fig...
by retiredjg
Wed Jul 29, 2015 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3500

Re: Geico Auto Insurance

I am also a bit weary of GEICO because there is no actual GEICO office within 50 miles of were I live. Maybe it is old fashioned, but I am used to having a dedicated person that I could talk to if I had questions. If you want a person, maybe you should go with an agency. My phone experience with GE...
by retiredjg
Wed Jul 29, 2015 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation / rebalancing with very small portfolio
Replies: 30
Views: 1467

Re: Asset allocation / rebalancing with very small portfolio

The Larry Swedroe article referenced in the wiki page on rebalancing says to rebalance daily to eliminate style drift, or failing that due to transaction costs, to reduce style drift to an acceptable level. So my original question was, how do I handle that, given the high cost per share. Let's talk...
by retiredjg
Wed Jul 29, 2015 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3500

Re: Geico Auto Insurance

Something seems a little out of whack to me. The GEICO quote is significantly different from all the others. I'm wondering if there may be a bit of apples to oranges going on. I'd check with GEICO again and I'd also ask them just who they use in your location and within say 50 miles. Are they places...
by retiredjg
Wed Jul 29, 2015 8:58 am
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 21
Views: 2103

Re: hoping for thoughts, advice; unmarried couple in 70's

Stillearning - 70, self-employed, working, variable Federal tax rate (15-25%) Probably 25% this year, could be 28% ...........in 2016 (RMDs and SS recently added) Wants 50% stock and 50% bonds; approximate value is just under 7 figures ROTH IRA : 6,500 annually to Roth IRA for as long as I am doing ...
by retiredjg
Wed Jul 29, 2015 7:47 am
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 21
Views: 2103

Re: hoping for thoughts, advice; unmarried couple in 70's

The only other investment with a large taxable gain is the one with ( I am told) draconian tax consequences of consequences of selling—that is the MLP MMP, Magellan which has a gain of about 20,000 and the "dividends" or "return of capital " over the years it has been held. It s...
by retiredjg
Wed Jul 29, 2015 6:26 am
Forum: Investing - Theory, News & General
Topic: 50/50 asset allocation
Replies: 69
Views: 5697

Re: 50/50 asset allocation

louis c wrote: Also, a thoughtful article on this subject is Rick Ferri's The Center of Gravity for Retirees

Good article! Thanks for posting this link.
by retiredjg
Wed Jul 29, 2015 5:33 am
Forum: Investing - Help with Personal Investments
Topic: Starting a retirment account. High expense 457 vs. Roth IRA
Replies: 13
Views: 968

Re: Starting a retirment account. High expense 457 vs. Roth IRA

This is probably an elementary question as this is my first post...! Can one contribute to both a traditional IRA and a 457(b) in the same tax year? I set up a traditional IRA at the start of the year at Schwab which I have already contributed to, however, I am now desiring to also contribute to a ...
by retiredjg
Tue Jul 28, 2015 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: IRA for wife (w2)
Replies: 15
Views: 675

Re: IRA for wife (w2)

I like to keep my investments at vanguard so i'll look into an individual 401k. Did you understand that a Vanguard individual 401k will not accept the IRA? A Vanguard individual 401k will not help her be able to use the back door to contribute to Roth IRA. I'm not even sure a person with an S-corp ...
by retiredjg
Tue Jul 28, 2015 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3500

Re: Geico Auto Insurance

I have a late-model semi-exotic (for the mainstream) and I _cringe_ at the thought of being hit by a driver insured by GEICO, because of the rates they would (or would not!) agree to pay to "out-of-network" repair shops. If you want the repair done properly, i.e. "as if it never happ...
by retiredjg
Tue Jul 28, 2015 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3500

Re: Geico Auto Insurance

He proceeded to tell me that Geico is able to offer such low premiums because they reimburse body shops at incredibly low rates for work done and that the insured is then left to pay the difference between what Geico pays and what the repair costs. I don't think it works that way. You pay your dedu...
by retiredjg
Tue Jul 28, 2015 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: IRA for wife (w2)
Replies: 15
Views: 675

Re: IRA for wife (w2)

Wife has a previously employer 401k rolled over into an IRA. It is pre-tax. It has around $50k in it but I am in a high tax bracket and don't want to roll this account over to a roth. So I guess this rules out a backdoor roth. This does not necessarily rule out back door Roth IRA contributions for ...
by retiredjg
Tue Jul 28, 2015 4:12 pm
Forum: Investing - Theory, News & General
Topic: 50/50 asset allocation
Replies: 69
Views: 5697

Re: 50/50 asset allocation

All good ideas thanks. I have at least 10 to 14 years until retirement, so I have a little time to decide, but your ideas make sense. Maybe hold 60/40 and 3 years worth of cash? I think 60/40 even without the cash is good for now since you have 10 to 14 years to go. I'm not a big supporter of holdi...
by retiredjg
Tue Jul 28, 2015 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 21
Views: 2103

Re: hoping for thoughts, advice; unmarried couple in 70's

stilllearning wrote:Thankyou so much for taking the time to do as you have. I cannot tell how calming your clear and solid response is.

Stilllearning

I'm happy that my comments might be useful to you. However, Partner's portfolio broke my brain for today and I won't even look at yours until tomorrow. :wink:
by retiredjg
Tue Jul 28, 2015 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 21
Views: 2103

Re: hoping for thoughts, advice; unmarried couple in 70's

stilllearning wrote:All dividends in her accounts are being re-invested except...

Does she take money from her accounts for living expenses? If so, where does she usually take them from?
by retiredjg
Tue Jul 28, 2015 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 21
Views: 2103

Re: hoping for thoughts, advice; unmarried couple in 70's

The only other investment with a large taxable gain is the one with ( I am told) draconian tax consequences of consequences of selling—that is the MLP MMP, Magellan which has a gain of about 20,000 and the "dividends" or "return of capital " over the years it has been held. I al...
by retiredjg
Tue Jul 28, 2015 3:26 pm
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6048

Re: wife got in wreck with Honda CRV - no collison coverage

Thank you everybody for the responses. I really appreciate the wisdom here. I will talk with her about a defensive driving class as well. I am glad that both your wife and children are fine. A defensive driving class is usually a 4 or 8 hour classroom class that is an excellent reminder for people ...
by retiredjg
Tue Jul 28, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Defending against Tax ID theft
Replies: 6
Views: 303

Re: Defending against Tax ID theft

I was thinking there was a way to get a PIN or something that would not allow others to file under your name. Or is that just for people who have already had the problem?
by retiredjg
Tue Jul 28, 2015 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: IRA for wife (w2)
Replies: 15
Views: 675

Re: IRA for wife (w2)

She can contribute to Roth IRA through the back door as well (assuming she has no IRAs in the way). In addition, seems like she could have a Solo 401k if she wanted.

I wonder if I'm misunderstanding your question. She can contribute to IRA based on her own salary or on your salary, either one.
by retiredjg
Tue Jul 28, 2015 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Stock/bond mix - Roth IRA vs Taxable
Replies: 5
Views: 391

Re: Stock/bond mix - Roth IRA vs Taxable

I think you will get a lot of differing opinions on this one. I vote for bonds in Roth with overflow in taxable. But really, I vote for using a 401k/403b/457b account in addition to Roth IRA and taxable.
by retiredjg
Tue Jul 28, 2015 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: All REIT roth?
Replies: 20
Views: 1578

Re: All REIT roth?

I see no problem with having all of your Roth IRA dedicated to REIT. Some people prefer it that way (all stocks in Roth). Some prefer to have all bonds in the Roth because they don't want their Roth space to shrink. And some people prefer to have both stocks and bonds in the Roth IRA. Just suit your...
by retiredjg
Tue Jul 28, 2015 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3710

Re: Backdoor Roth Slammed Closed--WHAT?!

retired, this is another way of completing a rollover, but it does not replace the certification requested by the TSP form. I think it would replace the certification from the custodian that is requested by the TSP form. So all the certification would rest on the individual (Part 1) because there i...
by retiredjg
Tue Jul 28, 2015 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3710

Re: Backdoor Roth Slammed Closed--WHAT?!

But if it was just "name - IRA" it would surely happen without the TSP 60 form route being used. JW Take a closer look - the TSP 60 is also used for IRAs. My guess is that it is one form that is supposed to be used for both IRA rollovers (direct or 60 day) and distributions from 401k type...
by retiredjg
Tue Jul 28, 2015 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 21
Views: 2103

Re: hoping for thoughts, advice; unmarried couple in 70's

Stilllearning, there is just no way to manage these 2 portfolios together. It would drive anyone to distraction. Since you are already afflicted with analysis paralysis, I'm strongly suggesting that they are managed separately because that would be easier and therefore more likely to get done. :happ...
by retiredjg
Tue Jul 28, 2015 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3710

Re: Backdoor Roth Slammed Closed--WHAT?!

Alan S. What do you think of this possible workaround? 1) Move the basis to Roth IRA (or a separate IRA and put it in money market). 2) Do a 60 day rollover of the rest of the funds. To do that, Vanguard would send a check for all the remaining money made out to Carolinagurl. Carolinagurl would depo...
by retiredjg
Tue Jul 28, 2015 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over 403b to Roth IRA for 1st home purchase
Replies: 15
Views: 552

Re: Rolling over 403b to Roth IRA for 1st home purchase

Or just take the money out of the 403b directly - using the first house exception (if there is one - I'm not sure).
by retiredjg
Tue Jul 28, 2015 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over 403b to Roth IRA for 1st home purchase
Replies: 15
Views: 552

Re: Rolling over 403b to Roth IRA for 1st home purchase

So it's basically, rollover/convert which she'll take a 10 percent hit on or cash it out and take the 10 percent on - either way there's a 10 percent hit yes? A caution about "rollover/convert". In your mind, if this is converted to Roth then what you take out of the Roth is this money. B...
by retiredjg
Tue Jul 28, 2015 6:19 am
Forum: Investing - Help with Personal Investments
Topic: What should I put in my Roth IRA if TDF's are "bad?"
Replies: 24
Views: 932

Re: What should I put in my Roth IRA if TDF's are "bad?"

the 401k would have more value ( up to 18k a year) compared to 5.5k in a roth. My 401k is the one that is .78%... Not sure if that is too high or should I try something different It depends on what else is available in the 401k. If you could get other funds for less, you should use them and then ma...
by retiredjg
Mon Jul 27, 2015 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3710

Re: Backdoor Roth Slammed Closed--WHAT?!

It's possible I could roll it into my current 401K. It's managed by Fidelity but their expenses are so much higher than with TSP. If you used the Spartan funds and there are no other high fees, a Fidelity 401k might be fine enough to allow you to use the back door. But here's a twist. Roll everythi...

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