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Re: SEP-IRA vs Solo 401(k)

Fidelity has most of the funds you want at prices similar to Vanguard. The Spartan Global Except US fund is not identical to the Vanguard International (Fido's lacks small caps) but in reality the funds track each other very closely. I don't think Fidelity has anything low cost in the way of interna...
by retiredjg
Sat Feb 28, 2015 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA vs Solo 401(k)
Replies: 13
Views: 563

Re: Accidental After Tax Contribution to Roll Over IRA

This is correct. Your "proof" would be filing out a 2012 Form 8606 and a 2013 Form 8606 to document the non-deductible contributions. If your taxes are not changed, you can send in these forms to the IRS alone - you do not have to amend your tax forms. However, when withdrawal time comes,...
by retiredjg
Sat Feb 28, 2015 1:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Accidental After Tax Contribution to Roll Over IRA
Replies: 8
Views: 462

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

Then at our prompting, he opened the IRA for us. I assume this is His Traditional IRA? Are the contributions in this deductible, non-deductible, or a combination? Have you already determined that you are not eligible to contribute directly to Roth IRA due to modified AGI? We are not sure of how muc...
by retiredjg
Sat Feb 28, 2015 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 17
Views: 1894

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

You are completely right. The three accounts are actually the vendors. Husband's employer allows employees to select from several. Our rationale for selecting Vanguard, Fidelity and Valic was that we can directly pick the Vanguard/Fidelity funds at Vanguard/Fidelity, respectively. Who is the Vangua...
by retiredjg
Sat Feb 28, 2015 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 17
Views: 1894

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

We want to be aggressive as it took us a long time to get through training and thus we feel we are behind on saving for retirement and thus want to be as aggressive as we can. Is 80%/20% seem in line with this desire? Yes, it is in line with that desire. In my opinion, it might be a touch too aggre...
by retiredjg
Sat Feb 28, 2015 10:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 17
Views: 1894

Re: Accidental After Tax Contribution to Roll Over IRA

At first, you said you contributed after tax for 3 years, but then you only listed 2012 and 2013. Which is correct? Here are my 3 main options: Where did you get this information? I can roll over my after tax contributions from the Rollover IRA to a Roth IRA, tax/penalty free, but not the earnings f...
by retiredjg
Sat Feb 28, 2015 9:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Accidental After Tax Contribution to Roll Over IRA
Replies: 8
Views: 462

Re: Do you consider mortgage payments as savings?

I just consider it a mortgage payment.

If the point of calling it savings is to figure out your net worth, what do you then do with that information? This is just not something I need to measure.
by retiredjg
Sat Feb 28, 2015 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 73
Views: 2862

Re: Is this a good AA plan?

1. Does this look like an appropriate AA or should I be tax adjusting the AA based on which funds are in the Roth vs Taxable vs Tax Deferred? I think this idea is fine. I don't think tax adjusting is a "should", but a could. If it makes sense to you and if you want to do it, then do it. 2...
by retiredjg
Sat Feb 28, 2015 8:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Is this a good AA plan?
Replies: 5
Views: 479

Re: Tax efficiency of bonds in a taxable account

BitDude wrote:But if I HAD to choose, would it be Total Bond market, or tax-exempt bonds? I'm in the 25% tax bracket, and live in CA.

My point is that you don't have to make that choice. Just because you already have stuff in the 401k or IRA doesn't mean you can't change it.
by retiredjg
Fri Feb 27, 2015 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax efficiency of bonds in a taxable account
Replies: 9
Views: 691

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

Thanks for answering all the questions. I'm still unclear on the 403b. Sometimes there can be a dozen or so different vendors that offer a 403b account through your employer. They are all independent - separate businesses. However, I think you can only use one of them at a time not several at a time...
by retiredjg
Fri Feb 27, 2015 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 17
Views: 1894

Re: need some help with mutual funds - recommendations

It's not the returns that fall. In fact, with higher interest rates, the returns will more likely go up after a bit of lag time. It is the net asset value that falls. This is just the nature of bond funds. If interest rates go up, the bonds in the fund become somewhat less valuable because there are...
by retiredjg
Fri Feb 27, 2015 10:23 am
 
Forum: Investing - Help with Personal Investments
Topic: need some help with mutual funds - recommendations
Replies: 6
Views: 352

Re: Roth contributions as long as you can?

It makes sense to me.
by retiredjg
Fri Feb 27, 2015 7:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth contributions as long as you can?
Replies: 18
Views: 1833

Re: Tax efficiency of bonds in a taxable account

You should probably put the bonds in your 401k and/or the Roth IRA.
by retiredjg
Fri Feb 27, 2015 7:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax efficiency of bonds in a taxable account
Replies: 9
Views: 691

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

OP again. I just spent several hours trying to pull everything we have together. Please accept my apologies in advance as we have things all over the places and the overall portfolio is rather cumbersome. Yes, it is a bit cumbersome. :happy Good that you are asking questions before it gets worse. D...
by retiredjg
Fri Feb 27, 2015 6:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 17
Views: 1894

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

The answer is that you don't need this guy. If you need an advisor at all, you should use someone who charges a lot less. There are a few around and Vanguard will do it for .3% instead of 1% and not mess you over. The recommendations don't make any sense to me, but you said it is just for the part h...
by retiredjg
Thu Feb 26, 2015 5:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 40...Investment...Help Please
Replies: 17
Views: 1894

Re: Non Tax Advantaged Acct: VWAHX or FTABX or PRFHX?

Welcome to the forum. :happy

You might include the names of the funds so that people don't have to look them up.
by retiredjg
Thu Feb 26, 2015 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Non Tax Advantaged Acct: VWAHX or FTABX or PRFHX?
Replies: 2
Views: 173

Re: International increase in Target Retirement & LifeStrate

So now they can bring things closer to actual global weighting that they really wanted the whole time. I don't see that as tinkering or failing to "stay the course". I see that as taking advantage of lower expenses. I suppose this is one way to look at it. We know that Vanguard has stated...
by retiredjg
Thu Feb 26, 2015 4:30 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 115
Views: 7083

Re: No VWIUX at Fidelity

I own vwiux for about 2 years and have a sizable capital gain. Very pleased with that move. I have mixed emotions about this. I bought this fund, Vanguard Intermediate Term Tax Exempt Bond, to hold my house money while I was on the road for a year. It made good money and I was happy until last week...
by retiredjg
Thu Feb 26, 2015 4:13 pm
 
Forum: Investing - Theory, News & General
Topic: No VWIUX at Fidelity
Replies: 17
Views: 1293

Re: 401(k) Age 55 Distribution with Interrupted Service

Interesting. Maybe the situation never came up with any of my clients. I'm not sure if we're playing semantics but an incoming rollover is a rollover contribution for plan purposes. I know I rolled money into the TSP (federal 401k-like plan) after I retired. People have talked about keeping a good ...
by retiredjg
Thu Feb 26, 2015 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) Age 55 Distribution with Interrupted Service
Replies: 14
Views: 773

Re: 401(k) Age 55 Distribution with Interrupted Service

TBH, I'm not familiar with any regulation related to this, but I don't think a terminated participant can make a contribution to a qualified retirement plan. IMO, it wouldn't be in the best interests of the employer either. Some plans will allow incoming rollovers (not contributions), even after se...
by retiredjg
Thu Feb 26, 2015 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) Age 55 Distribution with Interrupted Service
Replies: 14
Views: 773

Re: Please take a look at my portfolio (edited version)

ziweiguan wrote:This makes sense. 6K is really nothing, but I would like to keep TSP account. Their ERs are really low (average ~0.03%).

I agree that the TSP is worth keeping. Have you considered moving the small Former employer TIAA account, $25K into the TSP to reduce the number of accounts you have?
by retiredjg
Thu Feb 26, 2015 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please take a look at my portfolio (edited version)
Replies: 7
Views: 645

Re: need some help with mutual funds - recommendations

When you want to invest money, USAA is probably not the best place to do it because they don't offer a lot of low cost funds unless things have changed. They are well regarded for other things - insurance products, etc. - just not investing. I don't know what funds are you invested in, but consider ...
by retiredjg
Thu Feb 26, 2015 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: need some help with mutual funds - recommendations
Replies: 6
Views: 352

Re: 401(k) Age 55 Distribution with Interrupted Service

Alan S. wrote:I agree that the entire plan balance including rollovers will receive the age 55 separation exception code 2 on the 1099R.

It almost seems like you could separate from service and do rollovers into the 401k afterwards and still have no penalty. Any thoughts on that?
by retiredjg
Thu Feb 26, 2015 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) Age 55 Distribution with Interrupted Service
Replies: 14
Views: 773

Re: Please take a look at my portfolio (edited version)

Emergency funds: 1.5 -2 years This is a lot. That does not mean it is good or bad, but do give consideration to whether you need this much money sitting in cash. If you are in a job with lay-offs, it may be a perfect amount since you are a one income family. Tax Rate: ~15% Federal, ~2% State Are yo...
by retiredjg
Thu Feb 26, 2015 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please take a look at my portfolio (edited version)
Replies: 7
Views: 645

Re: 2015 Estimated tax after owing tax in 2014

I don't know if this applies to your situation because your tax owed is so large. My experience is that you don't have to worry about quarterly taxes next year if this is a one time thing, but you can't let this become a regular thing. At some point in the early years of retirement, my income change...
by retiredjg
Thu Feb 26, 2015 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2015 Estimated tax after owing tax in 2014
Replies: 8
Views: 520

Re: Re-allocating my portfolio to be tax efficient

Here's an idea. Taxable: $396,413 64% VTSAX - Vanguard total us stock index 20% VTIAX - Vanguard total intl stock index 16% VBTLX - Vanguard total bond index <--sell this and buy Total Stock and/or Total International His IRA: <--put all but 5% of the bonds here, fill the rest with total stock and/o...
by retiredjg
Thu Feb 26, 2015 10:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Re-allocating my portfolio to be tax efficient
Replies: 10
Views: 835

Re: 401K Provider

Remember that the Vanguard International Index already includes emerging markets.
by retiredjg
Wed Feb 25, 2015 6:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 46
Views: 1840

Re: 401(k) Age 55 Distribution with Interrupted Service

That is what I thought and I think that is what the original poster is hoping. I just could not find it written down anywhere.
by retiredjg
Wed Feb 25, 2015 5:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) Age 55 Distribution with Interrupted Service
Replies: 14
Views: 773

Re: Portfolio Review

That article does bring up one problem I had not considered - if you roll the Roth portion into Roth IRA, the 5 year clock becomes the 5 year clock of the Roth IRA, not the 5 year clock of the TSP. So anyone who wants to do that needs to get a Roth IRA clock started 5 years earlier. I think. It's so...
by retiredjg
Wed Feb 25, 2015 5:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 12
Views: 1066

Re: 401(k) Age 55 Distribution with Interrupted Service

ERISA Stone, maybe you can help interpret this. Is your point that it does not say anything about where the money came from or when it got there....only that it is in the 401k and the person meets the age requirement?
by retiredjg
Wed Feb 25, 2015 4:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) Age 55 Distribution with Interrupted Service
Replies: 14
Views: 773

Re: 401K Provider

It would be better than most. The trouble is having a 500 index and Extended market in addition to total stock. Some people would hold both of those not realizing they have just doubled up on something.

Other than that, darn near perfect in my opinion.
by retiredjg
Wed Feb 25, 2015 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 46
Views: 1840

Re: Is it actually impossible to time market crashes?

I don't think one needs to time things perfectly. Getting it half right is not failure. I agree with your examples. My point was that getting it half right is a failure if you sit on the sidelines and don't get back in till things are "safe" again. This would be typical of someone who got...
by retiredjg
Wed Feb 25, 2015 10:30 am
 
Forum: Investing - Theory, News & General
Topic: Is it actually impossible to time market crashes?
Replies: 56
Views: 2958

Re: No VWIUX at Fidelity

It does not make any sense to me to pay a $75 transaction fee to buy that fund. And I think you'll pay another fee to sell when you need to. MIght as well pay the higher expense ratio and use the Fidelity fund unless you are talking about a one time purchase using very large sum of money. If you wan...
by retiredjg
Wed Feb 25, 2015 10:21 am
 
Forum: Investing - Theory, News & General
Topic: No VWIUX at Fidelity
Replies: 17
Views: 1293

Re: Is it actually impossible to time market crashes?

Some people get it right, sort of. Of course, they may pull their money out a year or two before "necessary" but they can claim they missed the crash. It is very rare for someone to pull their money out at the right time and then get it back in at the right time . If you don't get your mon...
by retiredjg
Wed Feb 25, 2015 10:15 am
 
Forum: Investing - Theory, News & General
Topic: Is it actually impossible to time market crashes?
Replies: 56
Views: 2958

Re: 401(k) Age 55 Distribution with Interrupted Service

I think this is law, not specific to a plan. 2014 Publication 575, page 34. Referring to the 10% penalty.... Additional exceptions for qualified retirement plans. The tax does not apply to distributions that are: From a qualified retirement plan (other than an IRA) after your separation from service...
by retiredjg
Wed Feb 25, 2015 9:56 am
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) Age 55 Distribution with Interrupted Service
Replies: 14
Views: 773

Re: 401K Provider

If I was in a position to design a 401k plan for a group of employees I would just model the Federal TSP plan which has 5 base funds and 5 target retirement fund organized in 10-year increments. C Fund (S&P 500 index) S Fund (Russell 4500 extended market index) I Fund (International index) F Fu...
by retiredjg
Wed Feb 25, 2015 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 46
Views: 1840

Re: 401(k) Age 55 Distribution with Interrupted Service

My understanding is that any money in the 401k when you separate, in or after the year you reach 55, is fair game. I looked for some confirmation of that, however, and did not find any. It could be one of those things that is ok simply because it is not prohibited. If so, it could be difficult to fi...
by retiredjg
Wed Feb 25, 2015 9:25 am
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) Age 55 Distribution with Interrupted Service
Replies: 14
Views: 773

Re: Portfolio Revie

There is really no reason to use Roth TSP instead or before Roth IRA that I can think of. There might be reason to use both (some) Roth TSP and Roth IRA. Would an expense ratio of 0.029% be a good reason to contribute to the Roth TSP over the Roth IRA? Cost is always an issue, but when the differen...
by retiredjg
Wed Feb 25, 2015 7:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 12
Views: 1066

Re: 401K Provider

Regarding the two lists. 1) I had thought list 1 had international, but it is a bond fund, not stocks. So the list is no longer perfect and would benefit from the addition of the one fund - total international index. Still, It's way better than most plans and a person can get international stock in ...
by retiredjg
Wed Feb 25, 2015 6:43 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 46
Views: 1840

Re: Can I contribute to solo 401k b4 receiving 1st payment c

I do not believe the government knows or cares when you put the money in. At the end of the year they do care if you have enough income to have contributed what you contributed. Even then, if you have contributed too much you have the opportunity to fix it by taking the extra money out. http://www.i...
by retiredjg
Tue Feb 24, 2015 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I contribute to solo 401k b4 receiving 1st payment chk?
Replies: 4
Views: 316

Re: 403b Guidance

If $2,000 is all you have, it should be kept as the beginning of your emergency fund. Investing is something that you do after you have saved enough cash to meet most emergencies. Since you are just starting out and may still be able to rely on your parents some, perhaps your emergency fund does not...
by retiredjg
Tue Feb 24, 2015 9:41 am
 
Forum: Investing - Help with Personal Investments
Topic: 403b Guidance
Replies: 16
Views: 1284

Re: Please take a look at my financial world - am I doing ok

As I'm about to add another 5.5k x 2 in Roth funds I wonder if there's anything I can do with our small individual Roths at Vanguard - could those .24 ER funds be reallocated into a better option once they are over 10k, or is there some other amount I need to reach before being able to invest in ch...
by retiredjg
Tue Feb 24, 2015 8:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Please take a look at my financial world - am I doing ok?
Replies: 19
Views: 1785

Re: Mid 60's , still working , need help with a plan

That's a relief. Put it in an IRA at Vanguard.
by retiredjg
Mon Feb 23, 2015 7:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mid 60's , still working , need help with a plan
Replies: 7
Views: 1612

Re: Please take a look at my financial world - am I doing ok

The question arises about what you are using, if anything, to complete your 500 Index. You have mid-cap, but no small cap. It's usually the other way around. Why did you do it this way?

Not saying it is wrong, just different.
by retiredjg
Mon Feb 23, 2015 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please take a look at my financial world - am I doing ok?
Replies: 19
Views: 1785

Re: Am I investing in the right stocks and bonds?

Your 401k plan is unusual in that it has several different funds covering the same territory. Schwab also has this thing called "fundamental index" funds which are not even index funds in the way we see them. So you have ended up with a bit of a jumbled mess which you can dis-entangle as y...
by retiredjg
Mon Feb 23, 2015 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I investing in the right stocks and bonds?
Replies: 6
Views: 626

Re: Please take a look at my financial world - am I doing ok

I think you should reduce your 401k contributions and pay off the CC debt even if it is at 0%. Precarious is a good description of what you have done. I think you will probably get away with having done this, but it is not a smart move to borrow money so you can invest. You think you borrowed money ...
by retiredjg
Mon Feb 23, 2015 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please take a look at my financial world - am I doing ok?
Replies: 19
Views: 1785

Re: Mid 60's , still working , need help with a plan

I do not know how to help you with the annuity. I think the best thing to do is to call Vanguard and ask them. It is possible that you need to leave it where it is awhile longer. Or you may be able to do a 1035 exchange to a different (less vile) annuity at Vanguard. https://investor.vanguard.com/an...
by retiredjg
Mon Feb 23, 2015 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mid 60's , still working , need help with a plan
Replies: 7
Views: 1612

Re: 401K help

This is good news. Another success story! Your bond choices are still mediocre, but the addition of the stock index funds is a definite improvement!

Maybe you could send another email and ask for a bond index fund. :happy
by retiredjg
Mon Feb 23, 2015 3:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K help
Replies: 26
Views: 1595

Re: Roth IRA at Retirement

I may be too late, but I meant the stock fund, not the bond fund. Total International Stock Index - VGTSX Extended Market - VEXMX The Vanguard guy would be right if you didn't have that annuity that I'm counting as bonds. It represents the biggest chunk of fixed income in the portfolio. Or if you to...
by retiredjg
Mon Feb 23, 2015 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA at Retirement
Replies: 49
Views: 4903
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