Search found 19944 matches

Return to advanced search

Re: Does My Daughter Need A Prenup?

I think you should rely on what you have taught her for the last 25 years and not have a conversation at all. We all know where you are coming from, but she will not see it that way until there are many more years under her belt. Also she is likely wanting complete honesty in her marriage. If she de...
by retiredjg
Fri Mar 06, 2015 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 10
Views: 237

Re: Newbie to Roth IRA. Vanguard?

The answer depends on what else you have invested for retirement. If this is your first retirement account, I'd suggest a 3 fund approach (with a little bit of international bonds added) in something simple like a Target Retirement Fund or a LifeStrategy Fund. You would pick either one by the stock ...
by retiredjg
Fri Mar 06, 2015 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie to Roth IRA. Vanguard?
Replies: 2
Views: 128

Re: Define: participate in a retirement plan at work

It does not clear things up for me.

You said they agree box 13 should be checked. What is that based on? Does it have anything to do with the insurance money being deposited there?
by retiredjg
Fri Mar 06, 2015 7:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Define: participate in a retirement plan at work
Replies: 43
Views: 2163

Re: Porftolio/Investment Question - Getting ready to begin

Vanguard would not charge you anything to make the transfer. Sometimes there is an account closing fee, but didn't you say you were going to leave a little money there? See if you can find out what it is so you can avoid it in the future.
by retiredjg
Fri Mar 06, 2015 7:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Porftolio/Investment Question - Getting ready to begin
Replies: 49
Views: 4041

Re: New Homeowner Gift

dolphinsaremammals wrote: We single females buy houses also.

It's true. And the poster did say "sister" and "her" rather than "them".

I'll still vote for a good lifetime ladder - the kind that people won't buy for themselves.
by retiredjg
Thu Mar 05, 2015 7:06 pm
 
Forum: Personal Consumer Issues
Topic: New Homeowner Gift
Replies: 31
Views: 1496

Re: Elect 75% of take-home pay to 401k?

Hmm ok. My concern is that ultimately I'll get shafted by putting too much in the traditional IRA since I'm only in the 25% tax bracket, and when I'm in 59.5 I might be in the 39.6% tax bracket. It is not your tax bracket while working that counts. It is your tax bracket after retirement. Do not co...
by retiredjg
Thu Mar 05, 2015 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Elect 75% of take-home pay to 401k?
Replies: 35
Views: 1474

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

For each holding, find out the "unrealized capital gains" and if you have any capital losses (possible, but unlikely with the market at all time highs). Some will be short term (shares held less than a year) and some will be long term (shares held more than a year). They are taxed differe...
by retiredjg
Thu Mar 05, 2015 3:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 22
Views: 2442

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

Hi retiredjg: Sorry for the delay in responding. We went looking for answers to your questions. There are no Vanguard/Fidelity vendors. Hence, we essentially only have to pay for the expense ratio that is associated with each Vanguard/Fidelity fund to purchase. The employer pays for all the admin f...
by retiredjg
Thu Mar 05, 2015 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 22
Views: 2442

Re: Roth IRA as e-fund, really? Mortgage lender won't count

The 60 day rollover might work, but it would sure make me uncomfortable. Have you checked with other lenders?
by retiredjg
Thu Mar 05, 2015 7:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA as e-fund, really? Mortgage lender won't count
Replies: 7
Views: 774

Re: Spousal IRA question

This does not affect your $5,500 limit for contributions to tIRA and/or Roth IRA. This is still $5,500 combination (or either one) of the IRA accounts, right? So once we contribute $5,500 into ROTH, it doesn't leave any room for tIRA contribution (other than transfers from employer sponsored plans)...
by retiredjg
Thu Mar 05, 2015 6:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA question
Replies: 19
Views: 1385

Re: David Swenson Portfolio

He probably suggests that for a 70/30 allocation since it has 30% bonds. :happy TIPS and treasury bonds are all government bonds. Pretty much absolute security, conservative, and not the highest paying bonds in the system (remember than risk and reward go hand in hand). Replacing this with 30% TBM i...
by retiredjg
Wed Mar 04, 2015 6:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: David Swenson Portfolio
Replies: 5
Views: 801

Re: Backdoor Roth IRA Considerations

If you want to contribute now, just go ahead and use the back door method. There is no harm in doing it that way that I know of. Remember that SEP IRA and SIMPLE IRA also count as traditional IRA. Starting now gives you plenty of time to get Her tIRA out of the way if her work plan is good enough to...
by retiredjg
Wed Mar 04, 2015 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Considerations
Replies: 5
Views: 286

Re: REITs and Bonds, Little tax advantaged space. Var annuit

With only 2% of tax-advantaged space, I don't think I'd waste it on REIT. If you simply must have REIT, use the cheap Vanguard Variable Annuity. I'm not saying it is worth it, but it is the only reasonable way you can hold REIT in my opinion. I just don't see that REIT is really helping you much. If...
by retiredjg
Wed Mar 04, 2015 3:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: REITs and Bonds, Little tax advantaged space. Var annuity?
Replies: 10
Views: 623

Re: Help with Retirement Plan

Thanks for the comment.

We get so many people here who don't realize that our tax system is progressive, I just thought I'd mention it in case you didn't know. :happy
by retiredjg
Wed Mar 04, 2015 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 15
Views: 1334

Re: Help with Retirement Plan

We haven't seen the OP's income tax statement, but after accounting for ALL taxes, the OP is likely paying that tax rate if not more on his entire income. I don't understand. The poster said "mid 6 figures" so let's guess $500k or $600k. Exemptions, deductions, retirement accounts will kn...
by retiredjg
Wed Mar 04, 2015 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 15
Views: 1334

Re: Help with Retirement Plan

jjortho wrote:And no Grt2bOutdoors, greater than 43% in taxes doesn't sound that fair but I guess such is life. I will be greatful for what I have been given to get me to that tax bracket, I guess.

You do realize you don't pay that much on your whole income, right?
by retiredjg
Wed Mar 04, 2015 11:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 15
Views: 1334

Re: New Homeowner Gift

[*]A nice set of wind chimes... they'll have them forever and always think of you when they hear them.[/list] I gave my brother a nice set of wind chimes once. A year later I saw them on the ground behind a bush. I asked him about them. He said they were keeping his wife awake at night and somehow ...
by retiredjg
Wed Mar 04, 2015 11:24 am
 
Forum: Personal Consumer Issues
Topic: New Homeowner Gift
Replies: 31
Views: 1496

Re: Structuring portfolio for easier re-balancing

1. How can I structure my accounts for easier re balancing? It is hard to get more money into small cap or REIT when necessary if I also need a lot of bonds. For now, you can put more Total Stock and Total International into taxable. This will free up space for small cap and REIT in the Roth IRAs. ...
by retiredjg
Wed Mar 04, 2015 11:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Structuring portfolio for easier re-balancing
Replies: 3
Views: 380

Re: New Homeowner Gift

A high-quality ladder. We received a Little Giant Ladder Systems ladder as a thank-you gift after our housewarming, and it's a gift that keeps on giving. I agree with this even though it sounds like a somewhat odd suggestion. This is something that many people would not buy for themselves, but woul...
by retiredjg
Wed Mar 04, 2015 11:07 am
 
Forum: Personal Consumer Issues
Topic: New Homeowner Gift
Replies: 31
Views: 1496

Re: Peek into my finances and life :)

brick, I think my answer above might have been confusing. Also, I am now unclear on who has what types of accounts. A person gets to make $18k in "elective deferrals" to qualified work plans each year. That is a total of $18k in employee contributions for 403b and 401k accounts which belon...
by retiredjg
Wed Mar 04, 2015 10:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Peek into my finances and life :)
Replies: 11
Views: 2870

Re: Spousal IRA question

zimmer0 wrote:edit: misread, unlimited trustee-to-trustee transfers, correct?

Yes, as far as the IRS is concerned. But your plan may have a limit.
by retiredjg
Wed Mar 04, 2015 9:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA question
Replies: 19
Views: 1385

Re: Oil & Vinegar

amoeba wrote: I have a bottle of 25 year balsamic but that only goes on fruit or ice cream.


:shock: Wouldn't have predicted that. Guess I need to get out more.
by retiredjg
Tue Mar 03, 2015 5:35 pm
 
Forum: Personal Consumer Issues
Topic: Oil & Vinegar
Replies: 50
Views: 3511

Re: Spousal IRA question

Was planning on transferring to a tIRA @ Vanguard after the necessary 2yr period. Does the 12,500 max still apply if i transfer to a tIRA? Or am i limited to transferring a 5500 limit? I also have a Roth IRA that i max so the 5500 max between both IRA's comes into play. After the two years, your co...
by retiredjg
Tue Mar 03, 2015 5:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA question
Replies: 19
Views: 1385

Re: Peek into my finances and life :)

The Roth 401k will not reduce your taxes. My guess is that you are or will soon be in a higher bracket and pre-tax 401k would be the better choice. It appears you already understand that your total elective contributions between the two plans is $18,000 (you don't get to double up on this because yo...
by retiredjg
Tue Mar 03, 2015 5:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Peek into my finances and life :)
Replies: 11
Views: 2870

Re: Spousal IRA question

It appears to me that your wife could deduct contributions to tIRA if that is something that interests you. But Roth IRA would be a good choice as well.
by retiredjg
Tue Mar 03, 2015 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA question
Replies: 19
Views: 1385

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: 19
Views: 1385

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: 12
Views: 1105

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: 19
Views: 1385

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: 500

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: 500

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: 50
Views: 3511

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: 500

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: 500

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: 11
Views: 2870

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: 30
Views: 1689

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: 422

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: 30
Views: 1689

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: 8
Views: 1034

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: 30
Views: 1689

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: 348

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: 461

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: 422

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: 500

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: 832

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: 292

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: 422

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: 832

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: 292

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: 359

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: 793
Next

Return to advanced search