Search found 21832 matches

by retiredjg
Wed Jul 29, 2015 12:14 pm
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 101
Views: 5007

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

Safety studies also show that the lowest accident rates in traffic are for vehicles running at the average speed of the traffic, whatever that speed may be. This is true even when people are following too closely, but mostly because there is not something unexpected happening most of the time. But ...
by retiredjg
Wed Jul 29, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 45
Views: 2429

Re: Geico Auto Insurance

I have heard that for homeowner's insurance, Geico farms the insurance out to other companies based on location/region. So, I don't think that they actually underwrite their own homeowner's insurance polices. Could explain why they were in line with the others for homeowner's. Now that you mention ...
by retiredjg
Wed Jul 29, 2015 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Another rollover advice thread
Replies: 7
Views: 492

Re: Another rollover advice thread

Thanks for the update. :happy
by retiredjg
Wed Jul 29, 2015 10:57 am
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 101
Views: 5007

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

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

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

I have friends who were unable to even find driving lessons for their kids, not even at school. And yes, there were several teenage wrecks in that family.
by retiredjg
Wed Jul 29, 2015 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 45
Views: 2429

Re: Geico Auto Insurance

But that is the reason they are less expensive! No broker overhead. Were any of the other quotes from places that are mostly on-line? That could be some of the difference. But I recently shopped out homeowner's insurance and GEICO was right in there with the pack - not lower than the others. Go fig...
by retiredjg
Wed Jul 29, 2015 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 45
Views: 2429

Re: Geico Auto Insurance

I am also a bit weary of GEICO because there is no actual GEICO office within 50 miles of were I live. Maybe it is old fashioned, but I am used to having a dedicated person that I could talk to if I had questions. If you want a person, maybe you should go with an agency. My phone experience with GE...
by retiredjg
Wed Jul 29, 2015 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation / rebalancing with very small portfolio
Replies: 30
Views: 1427

Re: Asset allocation / rebalancing with very small portfolio

The Larry Swedroe article referenced in the wiki page on rebalancing says to rebalance daily to eliminate style drift, or failing that due to transaction costs, to reduce style drift to an acceptable level. So my original question was, how do I handle that, given the high cost per share. Let's talk...
by retiredjg
Wed Jul 29, 2015 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 45
Views: 2429

Re: Geico Auto Insurance

Something seems a little out of whack to me. The GEICO quote is significantly different from all the others. I'm wondering if there may be a bit of apples to oranges going on. I'd check with GEICO again and I'd also ask them just who they use in your location and within say 50 miles. Are they places...
by retiredjg
Wed Jul 29, 2015 8:58 am
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 18
Views: 1728

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

Stillearning - 70, self-employed, working, variable Federal tax rate (15-25%) Probably 25% this year, could be 28% ...........in 2016 (RMDs and SS recently added) Wants 50% stock and 50% bonds; approximate value is just under 7 figures ROTH IRA : 6,500 annually to Roth IRA for as long as I am doing ...
by retiredjg
Wed Jul 29, 2015 7:47 am
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 18
Views: 1728

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

The only other investment with a large taxable gain is the one with ( I am told) draconian tax consequences of consequences of selling—that is the MLP MMP, Magellan which has a gain of about 20,000 and the "dividends" or "return of capital " over the years it has been held. It s...
by retiredjg
Wed Jul 29, 2015 6:26 am
Forum: Investing - Theory, News & General
Topic: 50/50 asset allocation
Replies: 67
Views: 5275

Re: 50/50 asset allocation

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

Good article! Thanks for posting this link.
by retiredjg
Wed Jul 29, 2015 5:33 am
Forum: Investing - Help with Personal Investments
Topic: Starting a retirment account. High expense 457 vs. Roth IRA
Replies: 8
Views: 669

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

This is probably an elementary question as this is my first post...! Can one contribute to both a traditional IRA and a 457(b) in the same tax year? I set up a traditional IRA at the start of the year at Schwab which I have already contributed to, however, I am now desiring to also contribute to a ...
by retiredjg
Tue Jul 28, 2015 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: IRA for wife (w2)
Replies: 13
Views: 495

Re: IRA for wife (w2)

I like to keep my investments at vanguard so i'll look into an individual 401k. Did you understand that a Vanguard individual 401k will not accept the IRA? A Vanguard individual 401k will not help her be able to use the back door to contribute to Roth IRA. I'm not even sure a person with an S-corp ...
by retiredjg
Tue Jul 28, 2015 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 45
Views: 2429

Re: Geico Auto Insurance

I have a late-model semi-exotic (for the mainstream) and I _cringe_ at the thought of being hit by a driver insured by GEICO, because of the rates they would (or would not!) agree to pay to "out-of-network" repair shops. If you want the repair done properly, i.e. "as if it never happ...
by retiredjg
Tue Jul 28, 2015 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 45
Views: 2429

Re: Geico Auto Insurance

He proceeded to tell me that Geico is able to offer such low premiums because they reimburse body shops at incredibly low rates for work done and that the insured is then left to pay the difference between what Geico pays and what the repair costs. I don't think it works that way. You pay your dedu...
by retiredjg
Tue Jul 28, 2015 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: IRA for wife (w2)
Replies: 13
Views: 495

Re: IRA for wife (w2)

Wife has a previously employer 401k rolled over into an IRA. It is pre-tax. It has around $50k in it but I am in a high tax bracket and don't want to roll this account over to a roth. So I guess this rules out a backdoor roth. This does not necessarily rule out back door Roth IRA contributions for ...
by retiredjg
Tue Jul 28, 2015 4:12 pm
Forum: Investing - Theory, News & General
Topic: 50/50 asset allocation
Replies: 67
Views: 5275

Re: 50/50 asset allocation

All good ideas thanks. I have at least 10 to 14 years until retirement, so I have a little time to decide, but your ideas make sense. Maybe hold 60/40 and 3 years worth of cash? I think 60/40 even without the cash is good for now since you have 10 to 14 years to go. I'm not a big supporter of holdi...
by retiredjg
Tue Jul 28, 2015 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 18
Views: 1728

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

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

Stilllearning

I'm happy that my comments might be useful to you. However, Partner's portfolio broke my brain for today and I won't even look at yours until tomorrow. :wink:
by retiredjg
Tue Jul 28, 2015 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 18
Views: 1728

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

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

Does she take money from her accounts for living expenses? If so, where does she usually take them from?
by retiredjg
Tue Jul 28, 2015 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 18
Views: 1728

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

The only other investment with a large taxable gain is the one with ( I am told) draconian tax consequences of consequences of selling—that is the MLP MMP, Magellan which has a gain of about 20,000 and the "dividends" or "return of capital " over the years it has been held. I al...
by retiredjg
Tue Jul 28, 2015 3:26 pm
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 101
Views: 5007

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

Thank you everybody for the responses. I really appreciate the wisdom here. I will talk with her about a defensive driving class as well. I am glad that both your wife and children are fine. A defensive driving class is usually a 4 or 8 hour classroom class that is an excellent reminder for people ...
by retiredjg
Tue Jul 28, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Defending against Tax ID theft
Replies: 6
Views: 292

Re: Defending against Tax ID theft

I was thinking there was a way to get a PIN or something that would not allow others to file under your name. Or is that just for people who have already had the problem?
by retiredjg
Tue Jul 28, 2015 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: IRA for wife (w2)
Replies: 13
Views: 495

Re: IRA for wife (w2)

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

I wonder if I'm misunderstanding your question. She can contribute to IRA based on her own salary or on your salary, either one.
by retiredjg
Tue Jul 28, 2015 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Stock/bond mix - Roth IRA vs Taxable
Replies: 5
Views: 371

Re: Stock/bond mix - Roth IRA vs Taxable

I think you will get a lot of differing opinions on this one. I vote for bonds in Roth with overflow in taxable. But really, I vote for using a 401k/403b/457b account in addition to Roth IRA and taxable.
by retiredjg
Tue Jul 28, 2015 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: All REIT roth?
Replies: 20
Views: 1557

Re: All REIT roth?

I see no problem with having all of your Roth IRA dedicated to REIT. Some people prefer it that way (all stocks in Roth). Some prefer to have all bonds in the Roth because they don't want their Roth space to shrink. And some people prefer to have both stocks and bonds in the Roth IRA. Just suit your...
by retiredjg
Tue Jul 28, 2015 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3674

Re: Backdoor Roth Slammed Closed--WHAT?!

retired, this is another way of completing a rollover, but it does not replace the certification requested by the TSP form. I think it would replace the certification from the custodian that is requested by the TSP form. So all the certification would rest on the individual (Part 1) because there i...
by retiredjg
Tue Jul 28, 2015 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3674

Re: Backdoor Roth Slammed Closed--WHAT?!

But if it was just "name - IRA" it would surely happen without the TSP 60 form route being used. JW Take a closer look - the TSP 60 is also used for IRAs. My guess is that it is one form that is supposed to be used for both IRA rollovers (direct or 60 day) and distributions from 401k type...
by retiredjg
Tue Jul 28, 2015 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 18
Views: 1728

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

Stilllearning, there is just no way to manage these 2 portfolios together. It would drive anyone to distraction. Since you are already afflicted with analysis paralysis, I'm strongly suggesting that they are managed separately because that would be easier and therefore more likely to get done. :happ...
by retiredjg
Tue Jul 28, 2015 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3674

Re: Backdoor Roth Slammed Closed--WHAT?!

Alan S. What do you think of this possible workaround? 1) Move the basis to Roth IRA (or a separate IRA and put it in money market). 2) Do a 60 day rollover of the rest of the funds. To do that, Vanguard would send a check for all the remaining money made out to Carolinagurl. Carolinagurl would depo...
by retiredjg
Tue Jul 28, 2015 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over 403b to Roth IRA for 1st home purchase
Replies: 15
Views: 540

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

Or just take the money out of the 403b directly - using the first house exception (if there is one - I'm not sure).
by retiredjg
Tue Jul 28, 2015 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over 403b to Roth IRA for 1st home purchase
Replies: 15
Views: 540

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

So it's basically, rollover/convert which she'll take a 10 percent hit on or cash it out and take the 10 percent on - either way there's a 10 percent hit yes? A caution about "rollover/convert". In your mind, if this is converted to Roth then what you take out of the Roth is this money. B...
by retiredjg
Tue Jul 28, 2015 6:19 am
Forum: Investing - Help with Personal Investments
Topic: What should I put in my Roth IRA if TDF's are "bad?"
Replies: 24
Views: 923

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

the 401k would have more value ( up to 18k a year) compared to 5.5k in a roth. My 401k is the one that is .78%... Not sure if that is too high or should I try something different It depends on what else is available in the 401k. If you could get other funds for less, you should use them and then ma...
by retiredjg
Mon Jul 27, 2015 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3674

Re: Backdoor Roth Slammed Closed--WHAT?!

It's possible I could roll it into my current 401K. It's managed by Fidelity but their expenses are so much higher than with TSP. If you used the Spartan funds and there are no other high fees, a Fidelity 401k might be fine enough to allow you to use the back door. But here's a twist. Roll everythi...
by retiredjg
Mon Jul 27, 2015 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Questions from a Likely Buyer of a FSBO
Replies: 23
Views: 1550

Re: Questions from a Likely Buyer of a FSBO

That's a tough one. If the inspection came back ok, you pretty well know that the house is worth more than $299k so you don't want to be a weasel and low ball it too much. On the other hand, the $299k might have been a negotiating price instead of a firm price. You don't really know, do you? I suppo...
by retiredjg
Mon Jul 27, 2015 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3674

Re: Backdoor Roth Slammed Closed--WHAT?!

Your plan was correct. Discussing it with someone at Vanguard is just going to confuse things because they won't understand exactly what you are trying to do and it sounds like it is breaking the rules. There have been rules about co-mingled funds in the past. I'm not sure they still apply and I do...
by retiredjg
Mon Jul 27, 2015 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3674

Re: Backdoor Roth Slammed Closed--WHAT?!

I looked at the TSP-60 Form. My guess is that you are going to have an issue with line 14 - to complete this line Vanguard has to make a determination that the funds being rolled over are, in fact, tax-deferred. Unless something has changed, they will not do this. I attempted a rollover to one of m...
by retiredjg
Mon Jul 27, 2015 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Slammed Closed--WHAT?!
Replies: 28
Views: 3674

Re: Backdoor Roth Slammed Closed--WHAT?!

Your plan was correct. Discussing it with someone at Vanguard is just going to confuse things because they won't understand exactly what you are trying to do and it sounds like it is breaking the rules. There have been rules about co-mingled funds in the past. I'm not sure they still apply and I don...
by retiredjg
Mon Jul 27, 2015 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over 403b to Roth IRA for 1st home purchase
Replies: 15
Views: 540

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

It's complicated. Here is some information. http://www.fool.com/money/allaboutiras/allaboutiras12.htm It appears you already have ordinary contributions in Roth (unless they were back door contributions). Those contributions (not earnings) are available without tax or penalty. Would that work for yo...
by retiredjg
Mon Jul 27, 2015 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Employer Acquisition - Choosing New 401k Options
Replies: 8
Views: 658

Re: Employer Acquisition - Choosing New 401k Options

Please remember that if you want to be understood, fund names mean more to many of us than ticker symbols. Without looking up the tickers, I don't actually know what you have in your portfolio. The truth is that anything will suffice right now while the portfolio is small. It does not matter a lot w...
by retiredjg
Mon Jul 27, 2015 8:38 am
Forum: Investing - Theory, News & General
Topic: 50/50 asset allocation
Replies: 67
Views: 5275

Re: 50/50 asset allocation

My point is that people have emotions and being at 70% to 100% stocks is simply not emotionally possible for a lot of people. This particularly true of older people.
by retiredjg
Mon Jul 27, 2015 8:22 am
Forum: Investing - Theory, News & General
Topic: 50/50 asset allocation
Replies: 67
Views: 5275

Re: 50/50 asset allocation

Hence the optimal equity allocation is somewhere in 70-100%. If numbers ruled the world, a statement like this might have some use. Since there is much more to living than knowing some numbers, I don't find this information to be very helpful. The solution is to save enough money and then preserve ...
by retiredjg
Mon Jul 27, 2015 7:45 am
Forum: Investing - Theory, News & General
Topic: 50/50 asset allocation
Replies: 67
Views: 5275

Re: 50/50 asset allocation

Do you think 60/40 is a good compromise if that is the route I want to go. I personally think the Vanguard retirement Income funds with only 30% in stocks is not enough to keep up with inflation and/or leave some behind to your heirs and hopefully some charities. I think 60/40 is a good compromise ...
by retiredjg
Mon Jul 27, 2015 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Please help with roth 403b Allocation
Replies: 38
Views: 1877

Re: Please help with roth 403b Allocation

traveltoomuch wrote:It's about the share class, not the fund itself.

This is good information to know. Thanks for the link.
by retiredjg
Sun Jul 26, 2015 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: help with my investing direction.. errrr, I'm with Ram-it James
Replies: 21
Views: 1025

Re: help with my investing direction.. errrr, I'm with Ram-it James

You can pay them $3,450 (and rising) each year or you could pay Vanguard $690 a year to put you in a portfolio that you can understand. Or you can not pay anyone. Yes, over the years it will make a significant difference. Not only do you lose the $3,450 each year, you lose the earnings that money wo...
by retiredjg
Sun Jul 26, 2015 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 44
Views: 1895

Re: Individual 401K

Were you able to find a list of what can be bought without a transaction fee? If they will sell you the ETFs you want I don't see any problem. I guess I assumed you wanted a place to roll the old 401k with Principal and maybe even the one with T-C.
by retiredjg
Sun Jul 26, 2015 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation / rebalancing with very small portfolio
Replies: 30
Views: 1427

Re: Asset allocation / rebalancing with very small portfolio

posh, I've been mulling this over in the back of my mind. I've pretty much decided that the idea I had may not suit your personality very well. I was thinking it might be best to just have percentages for each of your goals - X% of income set aside for retirement, Y% for debt, and Z% for the shorter...
by retiredjg
Sun Jul 26, 2015 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 44
Views: 1895

Re: Individual 401K

Interesting that you came to that conclusion. The 3 question marks leave a lot of things unanswered and some people are not interested in ETFs. So TD would have been my last choice, not the first choice. :happy If I were in the market, I'd choose Vanguard if I didn't need to do a rollover and Fido i...
by retiredjg
Sun Jul 26, 2015 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with asset placement
Replies: 7
Views: 411

Re: Help with asset placement

By the way, please check my math. When dealing with this many 6 and 7 figure numbers, I find it easy to make a mistake here and there. :happy
by retiredjg
Sun Jul 26, 2015 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Help with asset placement
Replies: 7
Views: 411

Re: Help with asset placement

Here is the current portfolio as I understand it. The total I get is $2,501,000 not including the 529 accounts which you do not want to include in this asset allocation. This is a different number from your first post ($2,567,000 not including the 529) but I'm assuming the difference is just the dif...
by retiredjg
Sat Jul 25, 2015 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation / rebalancing with very small portfolio
Replies: 30
Views: 1427

Re: Asset allocation / rebalancing with very small portfolio

I believe for married filing jointly I can contribute up to $11k in an IRA. Is that not the case? No, that is not the case. But, you can contribute $5,500 to your IRA and your wife can contribute $5,500 to Her IRA. It is already apparent that you have some skills with managing and saving money and ...

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