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Re: Benefits to a larger than necessary house (as children g

Imagine being the parent who is trying to keep up with kids in 6000 square feet....
by retiredjg
Sun Oct 19, 2014 10:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Benefits to a larger than necessary house (as children grow)
Replies: 19
Views: 1372

Re: New investor, suggestions for 401k Rollover and Roth IRA

Spartan funds at Fidelity and Vanguard funds at Vanguard is a very good idea.

I would not move the IRAs to Fido. Vanguard has a more complete international fund than Fidelity and a few other options that some people like.
by retiredjg
Sun Oct 19, 2014 10:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor, suggestions for 401k Rollover and Roth IRA?
Replies: 7
Views: 325

Re: Portfolio Strategy Suggestions? (Transamerica, TSP, 529?

Never close the TSP account. As long as it's open, you can transfer to and from it. From it? The TSP has somewhat limited options regarding distributions. I'm not sure what you meant, but it would be easy for someone to misunderstand and think you can take money out sort of any time you want. It is...
by retiredjg
Sun Oct 19, 2014 10:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Strategy Suggestions? (Transamerica, TSP, 529?s)
Replies: 5
Views: 411

Re: Buying a house without a realtor

1. Arrange a viewing. 2. Hire an inspector (or a bunch of specialty inspectors). 3. Hire an apraisor. 4. Make an offer. 5. Hire a real estate attorney to look over the offer. 6. Work with the title company to transfer the title. Is my understanding correct? Am I missing something? Honestly, I haven...
by retiredjg
Sun Oct 19, 2014 6:33 pm
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 21
Views: 1094

Re: Help Choosing Investments and Coordinating Debt Paydown

Sorry, I did indeed forget to mention the interest on the student loans. Here is a spreadsheet with the breakdown, as they are at many different rates: https://www.dropbox.com/s/1dgshn0ewn6yv8u/StudentLoans.xlsx?dl=0 In that case, you need to forget about Roth IRA for what will seem like forever. D...
by retiredjg
Sun Oct 19, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Choosing Investments and Coordinating Debt Paydown
Replies: 7
Views: 316

Re: New investor, suggestions for 401k Rollover and Roth IRA

I think what you have is fine for now. When you find out what is available in your new 401k, there might be a better approach. As for what is available in your new 401k at Fidelity....will have have to pay a transaction fee to buy Vanguard mutual funds? Or will there be a fee to use a "brokerag...
by retiredjg
Sun Oct 19, 2014 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor, suggestions for 401k Rollover and Roth IRA?
Replies: 7
Views: 325

Re: Help Choosing Investments and Coordinating Debt Paydown

First, you need an emergency fund. Even if it is only $1k or $2k. Second, contribute enough to the plans at work to get the match. No more. Don't even consider Roth IRA until all of the credit card debt is paid and probably all or most of the student loan is paid (depends on interest rate). Credit c...
by retiredjg
Sun Oct 19, 2014 4:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Choosing Investments and Coordinating Debt Paydown
Replies: 7
Views: 316

Re: Benefits to a larger than necessary house (as children g

I had a home once with 5 BR, 3 full baths, 2 kitchens, LR, and family room....all in 2600 square feet. So I'm wondering just how all the space is being used in your 4000 square foot home. Something just doesn't doesn't add up. Like the previous poster, I'm wondering why you can't just close off anot...
by retiredjg
Sun Oct 19, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Benefits to a larger than necessary house (as children grow)
Replies: 19
Views: 1372

Re: New investor, suggestions for 401k Rollover and Roth IRA

I will know once my 401k account has been setup at Fidelity. Currently waiting on HR benefits system to update. It will likely be open to most funds including those outside of Vanguard. Didn't you just say above that you can only invest in Vanguard mutual funds? Are you trying to make a distinction...
by retiredjg
Sun Oct 19, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor, suggestions for 401k Rollover and Roth IRA?
Replies: 7
Views: 325

Re: New investor, suggestions for 401k Rollover and Roth IRA

It's unclear what is available to you in your new 401k. Everything at Vanguard?
by retiredjg
Sun Oct 19, 2014 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor, suggestions for 401k Rollover and Roth IRA?
Replies: 7
Views: 325

Re: Marginal Tax Rate Question/Confusion

So the tax rates for many families may go 15%-25%-30%-25-28% plus state tax. Yup, although for families with four children the child tax credit phaseout may eliminate the 25% marginal rate altogether, and moreover it can overlap with the American Opportunity Tax Credit phaseout (not for the same ch...
by retiredjg
Sun Oct 19, 2014 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Marginal Tax Rate Question/Confusion
Replies: 16
Views: 1055

Re: Three Portfolio Small Vs. Large Breakdown

Morningstar shows this:

21 22 21 large

7 7 8 mid

5 4 4 small

Morningstar uses different criteria for large mid and small, but that may give you an idea.
by retiredjg
Sun Oct 19, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Three Portfolio Small Vs. Large Breakdown
Replies: 2
Views: 252

Re: First investment strategy meeting with new FA, $6M trust

I had heard the same thing about Morningstar's tax cost ratios. I can't find the tax cost ratios at Vanguard. I did look at the "Price and Performance" tabs at Vanguard, and think that retiredjg's figures for tax cost look right. (I am surprised too.) You're right. I was looking at tax co...
by retiredjg
Sun Oct 19, 2014 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4382

Re: First investment strategy meeting with new FA, $6M trust

Per Morningstar Vanguard International Value Fund (VTRIX) (managed fund) has a turnover rate of 52% (as high or higher than what you listed for about half of the 23 funds suggested by your FA), and turnover potentially produces tax liability. That fund has a tax cost ratio of 0.75% per Morningstar,...
by retiredjg
Sun Oct 19, 2014 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4382

Re: First investment strategy meeting with new FA, $6M trust

When the money comes to you, will you be taxed in the way the money is generated? Or as ordinary income? For example, if money is generated as qualified dividends, do you pay tax on that like qualified dividends or will you pay tax as if it is ordinary income? By the way, this could be another reaso...
by retiredjg
Sun Oct 19, 2014 8:26 am
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4382

Re: "I've had it" at work - how often

I worked as an employee or a volunteer in some fields that had a fair number of those days. It just came with the territory. However, I would never have considered doing anything else. There came a time, though, when getting away from it all was pretty important. I was lucky to have one boss who und...
by retiredjg
Sat Oct 18, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 80
Views: 6196

Re: First investment strategy meeting with new FA, $6M trust

The bond choices boil down to how the trusts are taxed. In a higher tax situation, you'd want tax-exempt bonds (or CDs or I Bonds). In a lower tax situation, taxable bonds would be OK. You want something of an intermediate term noting that some "long term" state munis seem to be closer to ...
by retiredjg
Sat Oct 18, 2014 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4382

Re: First investment strategy meeting with new FA, $6M trust

If interested in slicing and tilting you might want to review Trev's thread: http://www.bogleheads.org/forum/viewtopic.php?t=38374 I'm thinking this is something our poster might be happy with. When I mentioned it above, I didn't have time to look for the thread so I'm glad somebody went to the tro...
by retiredjg
Sat Oct 18, 2014 3:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4382

Re: Considering a more aggressive AA than age = bonds

nisiprius wrote:It is my belief that the financial profession attracts people who like financial risk. Be aware of the possibility that the people who are giving you advice are coming from a self-selected group of people with higher risk tolerance than average.

Interesting thought!
by retiredjg
Sat Oct 18, 2014 10:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering a more aggressive AA than age = bonds
Replies: 41
Views: 3177

Re: Employer Profit Sharing Plan - High Fees!

The plan is not a 401(k), but rather a Profit Sharing Plan. You receive the contribution from the employer regardless of if you contribute funds. I understand that part. But some people talk about Profit Sharing in addition to something like a 401k as if they are two parts of the same plan (employe...
by retiredjg
Sat Oct 18, 2014 10:01 am
 
Forum: Investing - Theory, News & General
Topic: Employer Profit Sharing Plan - High Fees!
Replies: 5
Views: 421

Re: Portfolio Strategy Suggestions? (Transamerica, TSP, 529?

I don't know what our marginal tax bracket is. Combined salary of $185K, married filing jointly. I'll see what I can find for specifics. Compare your taxable income (line 43 on form 1040) to the chart already provided by Duckie. Its really simple once you know what to do. You can find a similar cha...
by retiredjg
Sat Oct 18, 2014 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Strategy Suggestions? (Transamerica, TSP, 529?s)
Replies: 5
Views: 411

Re: Employer Profit Sharing Plan - High Fees!

If "rest of my career" is 5 years, I think you should use it. If "rest of my career" is 30 years....maybe not. http://www.bogleheads.org/wiki/401k : Even in a bad 401(k), you should contribute up to the company match. Choose the lowest-cost funds; many bad 401(k)'s have a few low...
by retiredjg
Sat Oct 18, 2014 8:59 am
 
Forum: Investing - Theory, News & General
Topic: Employer Profit Sharing Plan - High Fees!
Replies: 5
Views: 421

Re: First investment strategy meeting with new FA, $6M trust

I can always "reslice" it later if I feel I need to. Yes. But the whole point is that it might cost something. Why not wait till you have a sensible plan in mind so that you don't have to backtrack? I'll be the first to admit I don't know how trusts are taxed. Guess I need to go back to t...
by retiredjg
Fri Oct 17, 2014 5:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4382

Re: First investment strategy meeting with new FA, $6M trust

VWNAX Windsor II Admiral 25% <--probably a poor choice for taxable account (although I'm not knowledgeable on how a trust is taxed) VTMSX Tax-Managed Small-Cap Fund Admiral Shares 25% <--I thought you want to tilt to value? VNYTX New York Long-Term Tax-Exempt Fund Investor Shares 25% <--Maybe. Depe...
by retiredjg
Fri Oct 17, 2014 5:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4382

Re: Target Date Funds

Target date funds are an excellent way to do simple investing at low cost. Whether a target date fund fits will into your portfolio is a different matter. Sometimes it does not work well to have a target date fund in one account and individual funds in another account - because you might be forced t...
by retiredjg
Fri Oct 17, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Target Date Funds
Replies: 4
Views: 511

Re: First investment strategy meeting with new FA, $6M trust

Everybody that reads Merriman comes away with the thought that it is a great way to invest. But it's not simple. It's not easy. Some of it is not cheap. And it is not particularly tax efficient. And it is old style, not taking advantage of much improved international funds that now exist. If you wan...
by retiredjg
Fri Oct 17, 2014 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4382

Re: First investment strategy meeting with new FA, $6M trust

Model Portfolio of FA: Sign %allocation ER% Turnover% TOLSX 7 1.24 132 GOBIX 6 0.72 59 FCBYX 5 0.59 50 SMGIX 5 0.66 47 FMSTX 5 0.77 77 OAKLX 5 1.01 24 PIMIX 5 0.45 251 SKIRX 4.5 1.16 93 HCOYX 4.5 0.87 236 ASRYX 4.5 1.01 63 SAGYX 4 0.87 2 <-- this one is $1M min investment? NCIAX 4 0.87 76 SELSX 4 1...
by retiredjg
Fri Oct 17, 2014 3:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4382

Re: Can I put 52000 a year in my 403b (401k whatever)

A 457b plan does have a separate limit. They are not, however, limited to government employees. There are non-governmental 457b plans - usually at a non-profit. They have different rules and many people find the different rules to be unacceptable (your money is subject to the employer's creditors, c...
by retiredjg
Thu Oct 16, 2014 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I put 52000 a year in my 403b (401k whatever)
Replies: 21
Views: 1499

Re: need a new home page [browser default page]

I got fed up with Yahoo's antics awhile back and couldn't find anything I like very much. I eventually switched to NPR.org which is mostly news. If I want weather I just type that into the search box and pull it up separately.
by retiredjg
Thu Oct 16, 2014 8:27 pm
 
Forum: Personal Consumer Issues
Topic: need a new home page [browser default page]
Replies: 25
Views: 1846

Re: Can I put 52000 a year in my 403b (401k whatever)

But the limit is 17.5k of tax deferred, and 52,000 with post tax (roth) money no? No. The limit is $17.5 for "elective deferrals" which can go to tax-deferred or Roth or a combination of the two. After-tax contributions are something entirely separate from Roth 401k. Yes, both are after t...
by retiredjg
Thu Oct 16, 2014 6:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I put 52000 a year in my 403b (401k whatever)
Replies: 21
Views: 1499

Re: Help on Turbo Tax Long term cap gains

It doesn't matter how much of the SS is taxed, if total taxable income (including taxable SS and the Cap Gains of course) is under the 15% limit ($73800 for 2014). I disagree. If none of the SS is taxed, the AGI (line 37) is lower and the taxable income will be lower. If some of the SS is taxed, th...
by retiredjg
Thu Oct 16, 2014 5:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help on Turbo Tax Long term cap gains
Replies: 21
Views: 1091

Re: First investment strategy meeting with new FA, $6M trust

It sounds like this person and his people have been very helpful to you and that you still need some help for at least a year or so. But it appears there will be a time when you no longer need that and might manage this on your own. If that is a possibility, it needs to be managed in such a way that...
by retiredjg
Thu Oct 16, 2014 5:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4382

Re: Help on Turbo Tax Long term cap gains

PS - my wife is starting SS in November and I entered that info (2 months worth) into the dummy 2014 sample. Not much ($2k) cody That could be it. Please let us know. There is a point at which your "other income" pushes the SS from not-taxed at all to half-taxable and another point where ...
by retiredjg
Thu Oct 16, 2014 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help on Turbo Tax Long term cap gains
Replies: 21
Views: 1091

Re: Marginal Tax Rate Question/Confusion

First, don't look at the refund. Look at the actual amount of tax paid. Well, I'm curious. Wouldn't reducing the refund by $65 be the same as increasing taxes by $65? If not, would it have something to do with the child tax credit? I don't even know what it is, but I think I know that some "cr...
by retiredjg
Thu Oct 16, 2014 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Marginal Tax Rate Question/Confusion
Replies: 16
Views: 1055

Re: Marginal Tax Rate Question/Confusion

We don't know all about your exemptions and your deductions so it is hard to comment. But you can at least narrow it down by looking at the line called taxable income (line 43) on Form 1040. That line will tell you your tax bracket. If you are not in some kind of phase out, that will also be your ma...
by retiredjg
Thu Oct 16, 2014 3:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Marginal Tax Rate Question/Confusion
Replies: 16
Views: 1055

Re: TBM too much treasury?

Back to the original question...yes, Jack did recommend that people add some corporates. I don't know exactly why. I don't think it matters a lot. To some extent, investment grade bonds of intermediate term are pretty similar in the long run and I doubt that it makes a big difference which 1 fund or...
by retiredjg
Thu Oct 16, 2014 2:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: TBM too much treasury?
Replies: 62
Views: 3318

Re: Please help with asset allocation and investments.

The Stable Value Fund is definitely something to consider. I overlooked that one. It will probably not pay as well as the PIMCO Total Return, but if you are not comfortable with PIMCO, Stable Value is something to consider. Roth IRA would be a good idea, but you've already indicated you don't want t...
by retiredjg
Thu Oct 16, 2014 8:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Please help with asset allocation and investments.
Replies: 15
Views: 1301

Re: Please help with asset allocation and investments.

Herekittykitty wrote:Not that I see an option in my 457b, if I were going to have bonds in there.

You don't really have any other options there. If you are worried about PIMCO, that could be a reason to use bonds in taxable even though it is not what we usually recommend. Or CDs in taxable.
by retiredjg
Wed Oct 15, 2014 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help with asset allocation and investments.
Replies: 15
Views: 1301

Re: Help on Turbo Tax Long term cap gains

I spent some time on the wiki page that discusses how SS is taxed. It is not easy to understand. Before playing with that site, I was pretty convinced that 2 pensions would certainly mean that all 85% of the SS income is being taxed. Now I'm not so sure. There is a band of people (couples) in the 15...
by retiredjg
Wed Oct 15, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help on Turbo Tax Long term cap gains
Replies: 21
Views: 1091

Re: Need dispensation to pay ROTH conversion taxes from tIRA

One thing that I have not seen mentioned is that it is likely that one of you will survive the other and the survivor could end up being in a much higher tax bracket when they are filing tax returns as single instead of a joint tax return. Single people can get into the higher tax brackets pretty q...
by retiredjg
Tue Oct 14, 2014 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 776

Re: Help on Turbo Tax Long term cap gains

With 2 pensions, I can't imagine that all 85% of the SS is not already taxed before the gains are even added in. But I'm single and it does not take much of a pension to have all 85% of the SS taxed and also to end up in the 25% bracket. Some of that is likely different for MFJ.
by retiredjg
Tue Oct 14, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help on Turbo Tax Long term cap gains
Replies: 21
Views: 1091

Re: Roll 401k into new 401k or start IRA?

The last thing I'll say is that I probably wasn't clear before (what a newbie, I've said that TWICE in the same thread!) -- the $1.5k contribution I will make is my contribution alone. My wife will also be contributing probably somewhere in the neighborhood of $1k a month as well. That doesn't chan...
by retiredjg
Tue Oct 14, 2014 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll 401k into new 401k or start IRA?
Replies: 10
Views: 751

Re: Portfolio Review Question

She said the stock fund is VFINX but said there wasn't a bond ticker she could give me. I'm so confused! I told her that I invest in VFINX through my work and there is a 0.17% expense ratio. She said "well then that must be covered by the state because there is no cost to our employees". ...
by retiredjg
Tue Oct 14, 2014 4:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Question
Replies: 18
Views: 1121

Re: Need dispensation to pay ROTH conversion taxes from tIRA

teacher, you didn't say this, but what I gathered from your posting is that you will "ordinarily" be in the 25% bracket. You will drop in the 15% bracket for this year only, and that when RMD time comes, that will push you into the 28% bracket. If that is NOT the case, I'm not sure you nee...
by retiredjg
Tue Oct 14, 2014 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 776

Re: Need dispensation to pay ROTH conversion taxes from tIRA

But unless you have such a huge amount in your tax-deferred retirement plans that you'll be forced into a higher tax bracket when the RMDs start, I don't see much if any advantage in paying the taxes now. My understanding is that this is the one year they will be in the 15% bracket and they are try...
by retiredjg
Tue Oct 14, 2014 2:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 776

Re: Need dispensation to pay ROTH conversion taxes from tIRA

I think the conventional wisdom stems from the penalty. Since you are over 59.5 and would not have the penalty, I think this is an exception.

I could be overlooking something, but I don't see a downside either.
by retiredjg
Tue Oct 14, 2014 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 776

Re: Help on Turbo Tax Long term cap gains

Cody, I'm anxious to hear what you've figured out! :happy
by retiredjg
Tue Oct 14, 2014 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help on Turbo Tax Long term cap gains
Replies: 21
Views: 1091

Re: Need dispensation to pay ROTH conversion taxes from tIRA

What you are considering is a bad idea before age 59.5 because it would be an early withdrawal leading to both tax on the money and a 10% penalty on the money. If you are 3 years from RMD, that would not apply. Yes, you would have to pay tax on the IRA withdrawal, but no, there would not be any 10% ...
by retiredjg
Tue Oct 14, 2014 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need dispensation to pay ROTH conversion taxes from tIRA
Replies: 25
Views: 776

Re: Federal Employees Group Life Insurance After Retirement

When I retired in 2007, I kept both basic life and the extra basic life. I didn't know what I wanted/needed, so I was simply preserving options for future use (possibly for cash value in case of long term illness or whatever). After a few years, I dropped the extra basic life and kept the lower cost...
by retiredjg
Tue Oct 14, 2014 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Federal Employees Group Life Insurance After Retirement
Replies: 5
Views: 673

Re: Help on Turbo Tax Long term cap gains

I think you are saying that your taxable income (line 43) is under $70k - still in the 15% bracket for married filing jointly even with the gains added. And I think you meant line 44 (not line 42) goes up when the gains are added. So, yes, the gains should be taxed at 0 unless they are short term ga...
by retiredjg
Tue Oct 14, 2014 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Help on Turbo Tax Long term cap gains
Replies: 21
Views: 1091
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