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Re: Portfolio & Allocation Qs, Taking Control, Leaving Advis

See edit above regarding rollovers to old 401k plans.
by retiredjg
Sun Apr 19, 2015 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio & Allocation Qs, Taking Control, Leaving Advisors
Replies: 7
Views: 531

Re: Can existing employer require new credit report every ye

Surely your employer has indicated why this type of intrusion is needed. Did you think it was reasonable? Do you have to do it or do you have a choice? Are there other alternatives?

An employer can ask for pretty much anything. Whether they can require it is something else.
by retiredjg
Sun Apr 19, 2015 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Can existing employer require new credit report every year?
Replies: 36
Views: 2890

Re: New Job, Please Help with 401k Choices

That will work, but remember that the allocation of assets should include all of your accounts (and spouse's accounts).
by retiredjg
Sun Apr 19, 2015 9:58 am
 
Forum: Investing - Help with Personal Investments
Topic: New Job, Please Help with 401k Choices
Replies: 5
Views: 453

Re: Simple IRA Conversion to Roth - do other IRAs matter?

Thanks. So even though this old 401k rollover IRA with like 100k in it is not the one I plan to convert, if I take this new $5500 and make it into an IRA and then a Roth, I'm gonna get hit with a tax bill? Looks like I can avoid that by pushing the old IRA into my current 401k? Yes and yes. Convolu...
by retiredjg
Sun Apr 19, 2015 9:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Simple IRA Conversion to Roth - do other IRAs matter?
Replies: 6
Views: 382

Re: DB and DC plan limits combined?

I spent a little time with IRS Publication 571 this morning. http://www.irs.gov/pub/irs-pdf/p571.pdf I didn't find anything else that would clarify your question, but I thought you might want to read it if you haven't already. One thing included in Pub. 571 is information about the 15 year service c...
by retiredjg
Sun Apr 19, 2015 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: DB and DC plan limits combined?
Replies: 13
Views: 814

Re: Portfolio & Allocation Qs, Taking Control, Leaving Advis

my wife no longer works the company hosting her 401(k). It's not possible to roll a 401(k) into an old employer's 401(k), is it? It can be possible. Each plan has its own rules about accepting rollovers. Most do. There is some behind the scenes discussion about whether this is common or not. You'll...
by retiredjg
Sun Apr 19, 2015 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio & Allocation Qs, Taking Control, Leaving Advisors
Replies: 7
Views: 531

Re: Help: converting traditional IRA to Roth IRA mistake

I don't have a headache, but I certainly do have a brain cramp from this. Let's go back to February 2015 when you originally contributed to tIRA at Fidelity. Was your income in 2014 low enough that you could have deducted that contribution to tIRA if you wanted to? If yes, that may hold the solution...
by retiredjg
Sun Apr 19, 2015 8:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Help: converting traditional IRA to Roth IRA mistake
Replies: 4
Views: 417

Re: Still having a hard time on retiring

mule wrote:Thanks so much and I will be back with more stupid questions I'm sure.

You may be back with questions, but I suspect they won't be stupid. :P
by retiredjg
Sat Apr 18, 2015 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 32
Views: 3779

Re: How to analyze portfolio recommendations

I don't currently contribute to a 401k (no employer matching, I've got the TSP) Would it make more sense to start those contributions there first instead of a whole life policy? This is a no-brainer. The TSP is probably the best plan on the planet. You may not even need life insurance. If you do, w...
by retiredjg
Sat Apr 18, 2015 7:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to analyze portfolio recommendations
Replies: 13
Views: 593

Re: DB and DC plan limits combined?

The pension/457b example does not apply. A 457b plan has a separate elective deferral contribution limit from a 403b elective deferral contribution limit. In other words a person could contribute $18k to a 403b and another $18k to a 457b without exceeding any limits. So your FIL's case is not relate...
by retiredjg
Sat Apr 18, 2015 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: DB and DC plan limits combined?
Replies: 13
Views: 814

Re: DB and DC plan limits combined?

To be clear, the required dues to the DB pension plan are equal to 14% of compensation. It's up to the employer from whom the contributions are made. In his case, the church contributes 7% and he contributes 7% pretax (which is about $4300). So that leaves 18000+6000-4300= $19,700 that he can contr...
by retiredjg
Sat Apr 18, 2015 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: DB and DC plan limits combined?
Replies: 13
Views: 814

Re: Long Term Capital Gains Question

The gains are added to your other income to give your taxable income. If that pushes you into the 25% bracket, your gains on the part in the 25% bracket will NOT be tax free.
by retiredjg
Sat Apr 18, 2015 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long Term Capital Gains Question
Replies: 2
Views: 309

Re: Simple IRA Conversion to Roth - do other IRAs matter?

Does that extra IRA have any bearing tax-wise on my goal of doing a quick max traditional IRA today and backdooring it? I think the answer is no. Hope so. I certainly don't want to hassle with that old account or do anything with taxes. Thanks. Yes. Any IRA (except Roth) that is in your name on 12/...
by retiredjg
Sat Apr 18, 2015 5:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simple IRA Conversion to Roth - do other IRAs matter?
Replies: 6
Views: 382

Re: How to analyze portfolio recommendations

Neither of these suggestions is worth your time in my opinion.
by retiredjg
Sat Apr 18, 2015 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to analyze portfolio recommendations
Replies: 13
Views: 593

Re: Retirement Budgeting

What kind of travel do you have in mind? Are you going on the RV road or have an apt/house and do trips? "The best you can do is set up like a baseball team does against an unknown hitter. That is spread the defense and wait for the ball to come to you." - pkcrafter I just saw this great q...
by retiredjg
Sat Apr 18, 2015 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Budgeting
Replies: 8
Views: 1041

Re: New Job, Please Help with 401k Choices

Funds available in wife’s 401(k): American Cap World G&I (CWGIX, 0.45%) Eagle Small Cap Growth (HRSCX, 0.79%) Harding Loevnr Intl Eq (HLMIX, 0.87%) Company Stock PIMCO Total Return (PTTRX, 0.46%) Prudential Global Real Estate (PURAX, 0.96%) T. Rowe Price Pers Strat Balanced (TRPBX, 0.85%) TRP Ta...
by retiredjg
Sat Apr 18, 2015 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Job, Please Help with 401k Choices
Replies: 5
Views: 453

Re: Portfolio & Allocation Qs, Taking Control, Leaving Advis

In order to figure out what to do with this, you need to do several things: 1) figure out about how much headroom you will have before being pushed into the 39.6% bracket - try to stay under that bracket 2) for each position, find out the short term and long term capital gain (or loss); sell any los...
by retiredjg
Sat Apr 18, 2015 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio & Allocation Qs, Taking Control, Leaving Advisors
Replies: 7
Views: 531

Re: Portfolio & Allocation Qs, Taking Control, Leaving Advis

[*] Would it be smarter to hold some of these positions and create a diversified portfolio around them to avoid paying the capital gains taxes now? Funds like SPY and PRF have relatively low expenses, but lower expenses are certainly possible by just buying the whole market (VTI, most likely, if I ...
by retiredjg
Sat Apr 18, 2015 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio & Allocation Qs, Taking Control, Leaving Advisors
Replies: 7
Views: 531

Re: Reverse rollover and backdoor Roth

You have one other option - in addition to rolling your rollover to your 401k, you can also roll the earnings from your non-deductible contributions into your 401k. Then you could skip the taxes on that part. The easy way to do this is backwards - convert your basis (the non-deductible contributions...
by retiredjg
Sat Apr 18, 2015 3:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reverse rollover and backdoor Roth
Replies: 4
Views: 380

Re: Still having a hard time on retiring

I think the "something else going on" is that mule wishes to have enough saved to be able to live on dividends - so that the portfolio can be left to an heir.

This was posted above, but some comments since then have made me think some people missed that added information.
by retiredjg
Sat Apr 18, 2015 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 32
Views: 3779

Re: Converting SIMPLE IRA to tIRA

That is, it's not only the transfer itself that is free. There can be no loads or other fees imposed on the contributions either! (If there is any doubt in the language above, the following examples in the notice make this very clear.) In my case this was a pretty big deal, because my employer's de...
by retiredjg
Sat Apr 18, 2015 1:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Converting SIMPLE IRA to tIRA
Replies: 35
Views: 1771

Re: DB and DC plan limits combined?

Pensionfund.org is the administrator of my FIL's retirement accounts. He was planning on maxing out his 403b this year, but from the following excerpt from the pension brochure, it seems the amounts that he contributes to the pension (7%) and to the 403b are combined and applied to the 18,000 (+ 60...
by retiredjg
Sat Apr 18, 2015 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: DB and DC plan limits combined?
Replies: 13
Views: 814

Re: DB and DC plan limits combined?

I think this might be the answer or part of the answer. From this pamphlet, http://www.pensionfund.org/files/resources/one-pagers-m-pension-plan.pdf we are told that Normally, these contributions [meaning the defined benefit pension plan contributions] are made on a pre-tax basis. I don't think it h...
by retiredjg
Sat Apr 18, 2015 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: DB and DC plan limits combined?
Replies: 13
Views: 814

Re: Federal Tax Bracket Question

I think you are right, kaneohe. And if you stop to think about how the IRS uses brackets, it seems it's mostly to determine how to tax your LTCG/QDIV income. There are probably some other things that get added or subtracted according to bracket, but I can't think of any now. sam5, I hope you have fo...
by retiredjg
Sat Apr 18, 2015 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Bracket Question
Replies: 27
Views: 2158

Re: Still having a hard time on retiring

Interesting. Perhaps you can expound on this a bit? Why would you want to leave something you love doing and are still capable of doing (unless you are going to something you love even more)? I'm not mule , but I think it is always good to leave while things are good. Everyone should be fortunate e...
by retiredjg
Sat Apr 18, 2015 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 32
Views: 3779

Re: Federal Tax Bracket Question

A couple of thoughts here. kaneohe, I appreciate the example and plan to spend more time playing with it when I have more time (that pesky 30% drives me nuts), but I don't see this as an example of what TwobyFour was saying. In fact, I see it as an example of what I was trying to say. Regarding the ...
by retiredjg
Sat Apr 18, 2015 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Bracket Question
Replies: 27
Views: 2158

Re: DB and DC plan limits combined?

I'm baffled. I searched around their website for quite awhile. There is definitely a defined benefit plan and a separate tax-deferred retirement account identified as a 403b plan. There are separate application procedures for each. For the defined benefit plan, the employee and/or employer can make ...
by retiredjg
Sat Apr 18, 2015 6:58 am
 
Forum: Personal Finance (Not Investing)
Topic: DB and DC plan limits combined?
Replies: 13
Views: 814

Re: Mom is 59.5, in a terrible 403b. can she rollover?

She should ask the plan administrator whether the plan allows an "in service transfer". A related question: Is it possible, while still employed and under 59 1/2, to have funds transfered to another institution (such as Vanguard), into a traditional IRA? I am in a 403(b) and would like to...
by retiredjg
Fri Apr 17, 2015 7:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mom is 59.5, in a terrible 403b. can she rollover?
Replies: 13
Views: 1308

Re: DB and DC plan limits combined?

I don't know how to interpret what you quoted, but there are lots of people who are paying into a pension and also maxing out their work plan at $18k (more if 50 or over). I think we can say for pretty much sure that the law has not changed. But that doesn't tell us what his pension brochure means. ...
by retiredjg
Fri Apr 17, 2015 6:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: DB and DC plan limits combined?
Replies: 13
Views: 814

Re: Still having a hard time on retiring

I do believe I would be fine but like you said it is the unknown that has my concern. I am very conservative but I have spent a lot of money on things I really didn't need in my life I sometimes regret that. It is more of the uncertain what to do and I do want to leave as much as I can to one heir....
by retiredjg
Fri Apr 17, 2015 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 32
Views: 3779

Re: Battery or Gas Lawn Mower

I got the EGO from Home Depot last fall after I moved across the country. It's pricey so it took me awhile to buy it. In the meantime, my grass was growing a lot. I brought it home, charged the battery for less than an hour and mowed the grass which was not only 6" to 18" high...it was als...
by retiredjg
Fri Apr 17, 2015 5:27 pm
 
Forum: Personal Consumer Issues
Topic: Battery or Gas Lawn Mower
Replies: 31
Views: 1777

Re: My Portfolio is a mess. Please help me sort it out.

PandaParty wrote:
retiredjg wrote:Please tell me you don't actually NEED a spreadsheet to do this....you just want it for fun and convenience?

For fun. Doesn't everyone enjoy making spreadsheets in their free time?

I guess I just don't fall into that category. :D
by retiredjg
Fri Apr 17, 2015 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Portfolio is a mess. Please help me sort it out.
Replies: 20
Views: 2131

Re: Mom is 59.5, in a terrible 403b. can she rollover?

Agree with the others - the law allows it, but the plan does not have to allow it.
by retiredjg
Fri Apr 17, 2015 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mom is 59.5, in a terrible 403b. can she rollover?
Replies: 13
Views: 1308

Re: My Portfolio is a mess. Please help me sort it out.

Please tell me you don't actually NEED a spreadsheet to do this....you just want it for fun and convenience?
by retiredjg
Fri Apr 17, 2015 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Portfolio is a mess. Please help me sort it out.
Replies: 20
Views: 2131

Re: Federal Tax Bracket Question

To be clear - the terminology of the IRS is that you have one tax bracket and one marginal rate. People often use "tax bracket" as a proxy for income rage, but to the IRS it is a line item in the tax tables which only applies to ordinary income. Unfortunately, line 43 may include cap gain...
by retiredjg
Fri Apr 17, 2015 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Bracket Question
Replies: 27
Views: 2158

Re: My Portfolio is a mess. Please help me sort it out.

Pretty nice spread sheet! Most of them make me scratch my head, but yours is very easy to understand.
by retiredjg
Fri Apr 17, 2015 11:57 am
 
Forum: Investing - Help with Personal Investments
Topic: My Portfolio is a mess. Please help me sort it out.
Replies: 20
Views: 2131

Re: Need advice on rebalancing entire portfolio

In 2014 Gross total taxable income was $74,056 I believe (don't have access to paperwork right now), and then after deductions and such got down into the $48,000 range. Effective tax rate roughly 2.7%. I got a small raise this year so I am thinking that by years end my wife and I total income is go...
by retiredjg
Fri Apr 17, 2015 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on rebalancing entire portfolio
Replies: 12
Views: 1032

Re: Still having a hard time on retiring

Man have I been struggling with what to do. I would of thought it would be an easy decision but not for me. Reading over your previous posts, it is apparent you are struggling with this transition. I believe your financial fears are unwarranted and that what you really fear is the unknown. Here's w...
by retiredjg
Fri Apr 17, 2015 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 32
Views: 3779

Re: Need advice on rebalancing entire portfolio

For example, with the 15k in stock holdings if I sell some of those off I'm going to incur capital gains taxes for 2015 Maybe not. If you really are in the 15% bracket (less than $74,900 taxable income in 2015), your long term capital gains that do not go into the 25% bracket are taxed at 0%. So if...
by retiredjg
Fri Apr 17, 2015 9:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on rebalancing entire portfolio
Replies: 12
Views: 1032

Re: Would you invest your house down payment?

But I have a little voice on my shoulder telling me I'm a failure because I'm still renting an apartment. This is bullstuff. I'd rather have an apartment with 5 kids in the thick of the action! :D You like where you live. It sounds pretty much impossible to buy there. You might buy in the burbs and...
by retiredjg
Thu Apr 16, 2015 3:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you invest your house down payment?
Replies: 22
Views: 1804

Re: Converting SIMPLE IRA to tIRA

Yes. It has been fairly well known that money could be transferred to another SIMPLE within the 2 year period. The problem was that people didn't realize they could actually open their own SIMPLE IRA to transfer a bad SIMPLE IRA into. That thread is a perfect example - nobody said "go to Vangua...
by retiredjg
Thu Apr 16, 2015 1:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Converting SIMPLE IRA to tIRA
Replies: 35
Views: 1771

Re: Roll old 401K into Roth IRA

Can't the 3k or whatever the taxes would be be taken off the top of the amount being rolled over? Yes, but.... If she is not yet 59.5 years old, anything that does not get rolled over is subject not only to tax but to an additional 10% penalty because it is considered an early withdrawal. Also, you...
by retiredjg
Thu Apr 16, 2015 1:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll old 401K into Roth IRA
Replies: 10
Views: 323

Re: Roll old 401K into Roth IRA

I'm confused by your first sentence. the entire 25% tax bracket is eligible to contribute to a Roth IRA. I think it may be quite awhile if ever that we make so much money that we cannot contribute to the Roth without the back door method. I don't think that the entire 25% tax bracket can contribute...
by retiredjg
Thu Apr 16, 2015 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll old 401K into Roth IRA
Replies: 10
Views: 323

Re: Roll old 401K into Roth IRA

I think the balance is roughly 12K. Gievn that what would be more beneficial? Rolling into into her Roth or intao a traditional IRA? Don't know. If you are in the 25% tax bracket, that would add about $3k to your federal taxes and that $3k needs to come out of savings. If you are in a lower bracket...
by retiredjg
Thu Apr 16, 2015 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll old 401K into Roth IRA
Replies: 10
Views: 323

Re: Looking for advice

You can put money ($5,500 this year) in a regular IRA, but if your income is too high to use a Roth IRA then your income is too high to deduct the contributions to a regular IRA. You can make non-deductible contributions, but that is likely not to be your best choice. You might be able to use a back...
by retiredjg
Thu Apr 16, 2015 12:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking for advice
Replies: 2
Views: 224

Re: Roll old 401K into Roth IRA

1) Yes. The rollover does not affect contributions. 2) Tax would be due on the entire amount if none of it has ever been taxed. 3) Depends on your situation. If the old 401k is small the tax would be small and it seems pretty harmless. If the 401k is $200k....that's another story. If she has not rea...
by retiredjg
Thu Apr 16, 2015 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll old 401K into Roth IRA
Replies: 10
Views: 323

Re: Can existing employer require new credit report every ye

dm200 wrote:An employment credit report does not affect credit score. It is not permissible to pull a consumer credit report for an employment purposes.

So are you saying that an employment credit report is different from a consumer credit report? How?
by retiredjg
Thu Apr 16, 2015 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can existing employer require new credit report every year?
Replies: 36
Views: 2890

Re: Count Pension + SS as part of the Bond portion of AA?

I don't see anything wrong with calculating the present value of the income streams from pensions and social security. Actuaries do this all the time. However, after one does this is where I think people run into problems. For example, let's say that after considering the prevent values of your mot...
by retiredjg
Thu Apr 16, 2015 7:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Count Pension + SS as part of the Bond portion of AA?
Replies: 31
Views: 2085

Re: Does the daily re-balancing undermine asset allocation?

With LifeStrategy and Target Retirement, what is the very long term risk that Vanguard will deviate away a more or less three index fund portfolio? I guess no one can be sure but I want a fund to be reliable for decades. These funds are not a 3 fund portfolio now because international bonds were ad...
by retiredjg
Wed Apr 15, 2015 5:36 pm
 
Forum: Investing - Theory, News & General
Topic: Does the daily re-balancing undermine asset allocation?
Replies: 13
Views: 1303
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