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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: 9
Views: 729

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: 1
Views: 139

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: 13
Views: 1684

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: 26
Views: 1409

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: 1990

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: 9
Views: 729

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: 1990

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: 20
Views: 1437

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: 1990

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: 977

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: 13
Views: 1684

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: 977

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: 1735

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: 32
Views: 1547

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: 317

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: 317

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: 317

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: 218

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: 317

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: 27
Views: 2264

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: 2002

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: 1294

Re: Can existing employer require new credit report every ye

Does your employer want your credit report or your credit rating? I'm not sure it matters, but a credit report reveals a lot about your personal life. A credit rating is just a number. If they want your report, you are not over-reacting in my opinion. They need to show a need to have this informatio...
by retiredjg
Wed Apr 15, 2015 5:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can existing employer require new credit report every year?
Replies: 27
Views: 2264

Re: Would you invest your house down payment?

Would you invest your house down payment? Not if you need the house at a certain time. A market crash would mean you no longer have a downpayment. Would you invest your house down payment? If the house is many years off and if you can be flexible about when you get it because a crash could delay yo...
by retiredjg
Wed Apr 15, 2015 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you invest your house down payment?
Replies: 22
Views: 1735

Re: Recurring SIMPLE-to-SIMPLE IRA transfer

Once I knew a SIMPLE-to-SIMPLE transfer was possible, I started to wonder if I could open my own SIMPLE IRA to receive the transfers. This is where I got to in my own thinking and in my superficial research, I found nothing but references to and guidance for employers, not employees. I didn't have ...
by retiredjg
Wed Apr 15, 2015 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recurring SIMPLE-to-SIMPLE IRA transfer
Replies: 18
Views: 620

Re: Recurring SIMPLE-to-SIMPLE IRA transfer

It seems to me the real name of this thing that Vanguard calls "frozen" and others have called "individual" is probably "transfer SIMPLE IRA". Do you think that is correct or have I just read my own thoughts into it? I'm no expert (nor am I Alan), but that sounds reaso...
by retiredjg
Wed Apr 15, 2015 3:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recurring SIMPLE-to-SIMPLE IRA transfer
Replies: 18
Views: 620

Re: Recurring SIMPLE-to-SIMPLE IRA transfer

So what do you make of question J-3, where the answer says "the balance must be transferred on a reasonably frequent basis"? To me the most logical interpretation is that it is the DFI's responsibility to ensure this takes place. But since it is apparently unclear, the IRS should probably...
by retiredjg
Wed Apr 15, 2015 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recurring SIMPLE-to-SIMPLE IRA transfer
Replies: 18
Views: 620

Re: Converting SIMPLE IRA to tIRA

Anyway, at least when new SIMPLE accounts are discussed on the BH forums, the word is now out! :D Yes, I think you and Dave81 have synergistically gotten this topic into the light and now more people know about it. I think this information is going to make a lot of people happy. :happy Of course, t...
by retiredjg
Wed Apr 15, 2015 2:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Converting SIMPLE IRA to tIRA
Replies: 32
Views: 1547

Re: Recurring SIMPLE-to-SIMPLE IRA transfer

A question for Alan. Notice 98-4 mentions a "transfer SIMPLE IRA" at the bottom of page 14. http://www.irs.gov/pub/irs-drop/not98-4.pdf (5) Transfer SIMPLE IRAs. The trustee of a transfer SIMPLE IRA is not required to provide the summary description described in the preceding paragraph. A ...
by retiredjg
Wed Apr 15, 2015 2:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recurring SIMPLE-to-SIMPLE IRA transfer
Replies: 18
Views: 620

Re: Recurring SIMPLE-to-SIMPLE IRA transfer

I'm pretty happy with the current situation where I can invest everything in Vanguard relatively soon (one or two months) after it's taken out of my paycheck. I'd much rather have to call the DFI every month or two to initiate a transfer than invest in loaded funds. 5304-SIMPLE would be even better...
by retiredjg
Wed Apr 15, 2015 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recurring SIMPLE-to-SIMPLE IRA transfer
Replies: 18
Views: 620

Re: Recurring SIMPLE-to-SIMPLE IRA transfer

I contacted Vanguard and set up a frozen SIMPLE IRA to receive contributions from my employer's DFI. That way I can get the 3% match while still investing in Vanguard funds. It took a few phone calls, but the DFI agreed to invest my contributions and and transfer my balance to Vanguard "withou...
by retiredjg
Wed Apr 15, 2015 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recurring SIMPLE-to-SIMPLE IRA transfer
Replies: 18
Views: 620

Re: Converting SIMPLE IRA to tIRA

http://www.oregonlive.com/finance/index.ssf/2014/12/the_new_able_accounts_and_the.html This link (second half of the article) discusses the "personal" or "individual" SIMPLE IRA. This author states that most custodians just don't want to go to the trouble for this type of account...
by retiredjg
Wed Apr 15, 2015 12:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Converting SIMPLE IRA to tIRA
Replies: 32
Views: 1547

Re: Converting SIMPLE IRA to tIRA

I looked over the paperwork to open a SIMPLE IRA at Fidelity. I didn't find anything that compares to the "frozen account" option at Vanguard. That does not mean it does not exist there. The Fidelity plan and supporting documentation has pages and pages of legalese - it would be easy to ov...
by retiredjg
Wed Apr 15, 2015 11:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Converting SIMPLE IRA to tIRA
Replies: 32
Views: 1547

Re: What to add to my "Core 3"

I don't think you've missed anything. You have good plans to use, you are saving money, your investing plan is reasonable. Looks pretty good to me!
by retiredjg
Wed Apr 15, 2015 8:33 am
 
Forum: Investing - Help with Personal Investments
Topic: What to add to my "Core 3"
Replies: 40
Views: 4791

Re: What to add to my "Core 3"

I had planned a heavier contribution going toward Extended Market simply because I thought my current portfolio was somewhat deficient. But, if 20% is a recommended amount of my total Stock allocation to put towards this area, I'm fine with that. Your current portfolio is a little deficient in exte...
by retiredjg
Wed Apr 15, 2015 8:03 am
 
Forum: Investing - Help with Personal Investments
Topic: What to add to my "Core 3"
Replies: 40
Views: 4791

Re: Please critique my financial health

Since I do not qualify for traditional IRA tax deferment benefits, does everyone recommend that a solely contribute to a Roth to lock in what is almost guaranteed to be a lower tax rate? I always just assumed I was under the TIRA tax benefit income limit and never actually checked until I was talki...
by retiredjg
Wed Apr 15, 2015 7:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Please critique my financial health
Replies: 9
Views: 1597

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

You can't make much of a comparison because the SifeStrategy funds were different back in 2008 - they contained a slice of an actively managed fund that was specifically designed to try to juice returns. That fund has since been removed.
by retiredjg
Wed Apr 15, 2015 7:08 am
 
Forum: Investing - Theory, News & General
Topic: Does the daily re-balancing undermine asset allocation?
Replies: 13
Views: 1294

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

Should she count her pension and SS as bonds? Some people do and even Jack Bogle suggests it, but I'd argue against it in most situations. That $300k should be invested in a way that is comfortable for her. This does not necessarily depend on outside income. What kind of loss will she be comfortable...
by retiredjg
Wed Apr 15, 2015 6:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Count Pension + SS as part of the Bond portion of AA?
Replies: 31
Views: 2002

Re: When to sell actively managed funds in taxable acct

zadie wrote:I edited my original posting to show the current gain in each position. I thought that may be helpful.

Is this the increase in value since you bought it or is this the unrealized capital gain which would take into account that all the reinvested dividends/capital gains have already been taxed.
by retiredjg
Wed Apr 15, 2015 5:18 am
 
Forum: Investing - Help with Personal Investments
Topic: When to sell actively managed funds in taxable acct
Replies: 21
Views: 1683

Re: 401k conversion tax when moving

Adding a traditional IRA step in the middle doesn't hurt anything that I can see if there is no basis in any other IRA. If there is basis hanging around somewhere, the whole pro-rating thing comes in. About re-characterization, if that should become desirable, I just don't know how that would be han...
by retiredjg
Tue Apr 14, 2015 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k conversion tax when moving
Replies: 15
Views: 829

Re: Funds to minimize Ameriprise SIMPLE IRA pain.

Dave81, thanks for the link and the report on your experiences. I'm very interested in seeing how this works out.
by retiredjg
Tue Apr 14, 2015 5:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Funds to minimize Ameriprise SIMPLE IRA pain.
Replies: 17
Views: 1026

Re: 401k conversion tax when moving

You don't have to do the rollover the day you leave the job. Finish working there, move to another state, a month or so later roll directly to Roth IRA. When you do your taxes you'll be asked to split your income by state. Simply list that conversion in State B. The return will either accept it as i...
by retiredjg
Tue Apr 14, 2015 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k conversion tax when moving
Replies: 15
Views: 829

Re: Early Retirees Seeking Portfolio Advice

Since the fund fees are 0.15%, do you agree that it's better to stick with the ones you suggested to keep the expenses lower? I'm curious about what you think about the LifeStrategy and Target Retirement funds. (If you add up the expense ratios for the three separate funds, I think there's actually...
by retiredjg
Tue Apr 14, 2015 4:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Early Retirees Seeking Portfolio Advice
Replies: 23
Views: 2897

Re: UPDATE-Re:help with portfolio for couple in mid to very

clip651 wrote: And most importantly, we can all relax and stop thinking about it now.

Don't ya just love it when a plan comes together? It is good to hear they are happy with their new portfolio. Thanks for the update.
by retiredjg
Tue Apr 14, 2015 4:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: help with portfolio for couple in mid to very late 80s
Replies: 22
Views: 2857

Re: Funds to minimize Ameriprise SIMPLE IRA pain.

That's not how it works. If you plan to use a balanced fund (something with both stocks and bonds), just pick one that is about as aggressive as you want your portfolio to be. If you use individual funds, try to use just one and work that one into your overall asset allocation. Later when you move i...
by retiredjg
Tue Apr 14, 2015 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Funds to minimize Ameriprise SIMPLE IRA pain.
Replies: 17
Views: 1026

Re: What to add to my "Core 3"

See if it is helpful to you to look at your portfolio like this - the percentages represent a percentage of your current portfolio, not account. My 401k - ~$23,000 (63% of total portfolio) 63% PLFPX - Principal Large Cap S&P 500 Index Separate Account (.31% ER) Wife's Vanguard Roth IRA - ~$10,50...
by retiredjg
Tue Apr 14, 2015 8:51 am
 
Forum: Investing - Help with Personal Investments
Topic: What to add to my "Core 3"
Replies: 40
Views: 4791

Re: When to sell actively managed funds in taxable acct

I'd start with morningstar, but it is said that morningstar may not be correct because they do not know what percentage of capital gains is qualified. I would think you should be able to look this up on each fund family's website, but other than at Vanguard, I don't know how to find it. I'd also che...
by retiredjg
Tue Apr 14, 2015 7:12 am
 
Forum: Investing - Help with Personal Investments
Topic: When to sell actively managed funds in taxable acct
Replies: 21
Views: 1683

Re: Newbie knows nothing, feedback appreciated.

It's good to hear you are headed in the right direction and happy with your decisions!
by retiredjg
Tue Apr 14, 2015 6:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie knows nothing, feedback appreciated.
Replies: 24
Views: 2036

Re: Converting SIMPLE IRA to tIRA

I've wondered the same thing. I suspect they do.
by retiredjg
Mon Apr 13, 2015 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Converting SIMPLE IRA to tIRA
Replies: 32
Views: 1547
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