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by retiredjg
Sat May 23, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Tax paid to wrong state: What recourse?
Replies: 14
Views: 981

Re: Tax paid to wrong state: What recourse?

I think you need to call about your particular situation, but this might interest you as well. I'm a retired fed too. I also moved from State A to State B in 2014 and went through the process of doing a dual state return this last week. That was certainly fun. Then I decided to check where my new s...
by retiredjg
Sat May 23, 2015 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Dilemma on assert allocation: risk tolerance vs tax efficiency
Replies: 8
Views: 402

Re: Dilemma on assert allocation: risk tolerance vs tax efficiency

Rainy, I'm going to change my suggestion above because -we now know that your portfolio is already large -you have the apparent ability to save a lot of money -the house goal is somewhat fuzzy in terms of whether it will happen or when it will happen With that new information it appears you have mor...
by retiredjg
Fri May 22, 2015 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Confirming that I should not use my 401k
Replies: 18
Views: 1127

Re: Confirming that I should not use my 401k

Note my edit above. I meant the "saver's credit", not the earned income credit.

Search the Wiki and use the google box in the upper right corner for more information.
by retiredjg
Fri May 22, 2015 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 65
Views: 2991

Re: Not able to max out all the retirement accounts

Putting away $30k a year for retirement is an excellent start. Yes, you will need to increase it if you can - but trying to get to $65k a year is not reasonable until your income has grown considerably. And even then $65k a year may not be reasonable. I didn't read the net worth thread, but I think ...
by retiredjg
Fri May 22, 2015 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Dilemma on assert allocation: risk tolerance vs tax efficiency
Replies: 8
Views: 402

Re: Dilemma on assert allocation: risk tolerance vs tax efficiency

Rainy, people can't really answer your questions reliably based on the little information you have given. I know you think you've told us everything, but we don't know if you have $40k or $240k. There's a lot of things we don't know in fact. No it does not necessarily mean you need 3 asset classes. ...
by retiredjg
Fri May 22, 2015 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 65
Views: 2991

Re: Not able to max out all the retirement accounts

Two people have mentioned the current savings rate....but I don't think the poster has told us the current savings rate. Did I miss it?
by retiredjg
Fri May 22, 2015 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Dilemma on assert allocation: risk tolerance vs tax efficiency
Replies: 8
Views: 402

Re: Dilemma on assert allocation: risk tolerance vs tax efficiency

People keep bringing up this idea of bonds in 401k/IRA and stocks in taxable. But somehow it gets overlooked that this scheme is secondary to something else - filling your tax-advantaged accounts completely before putting retirement money into a taxable account. This results in having both stocks an...
by retiredjg
Fri May 22, 2015 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 65
Views: 2991

Re: Not able to max out all the retirement accounts

yellowgirl wrote: We are thinking about take out 300K from home equity (cash out refinance). We can use the 300K for day to day expenses and max out 401ks, iras and 457. Is this a good idea?

No. This is not a good idea.

Don't look for shortcuts. Just start saving now.
by retiredjg
Fri May 22, 2015 1:58 pm
Forum: Investing - Theory, News & General
Topic: Multiple Account Management
Replies: 30
Views: 984

Re: Multiple Accout Management

Dennis444, if you put in 2 decimal places I'll haunt you in your sleep. :twisted: Ha ha! I pulled those off of my personal capital page, and wanted to be exact! :mrgreen: You pulled what off your personal capital page? I don't see any portfolio with percentages in 2 decimal places....I must be conf...
by retiredjg
Fri May 22, 2015 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Confirming that I should not use my 401k
Replies: 18
Views: 1127

Re: Confirming that I should not use my 401k

My spouse and I have a combined income of about $32k, so I'd rather pay taxes now than later. Can only go up from here! :D With that income, Roth is the right choice except for one situation that I can think of - the earned income credit . I know little of this, but if I recall, it might be better ...
by retiredjg
Fri May 22, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 65
Views: 2991

Re: Not able to max out all the retirement accounts

yellowgirl wrote:Not with all these deductions: taxes, health insurance, disability insurance, pension, life insurance. We need: 36K for 401Ks, 18K for 457 plan, 11K for IRAs = 65K.

We are behind therefore we need to max out.

We know little about you, but I'm not sure that you need to save that much.
by retiredjg
Fri May 22, 2015 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Confirming that I should not use my 401k
Replies: 18
Views: 1127

Re: Confirming that I should not use my 401k

Agree with the others - until you can save more than 2 IRAs worth, that 401k is not worth using. Till you qualify for the a match - then use it enough to get the match.

However, if you prefer reducing your taxable income, it sounds like you could use tIRA instead of Roth IRA.
by retiredjg
Fri May 22, 2015 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Challenges Opening a Vanguard Account
Replies: 9
Views: 535

Re: Challenges Opening a Vanguard Account

Are you saying you guys got your grandparents' names wrong or that Vanguard had them wrong? It strikes me as odd that of 4 grandparents' names, you got all 4 wrong....

I'm just curious.
by retiredjg
Fri May 22, 2015 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Might sell house to a friend. What is fair?
Replies: 29
Views: 1652

Re: Might sell house to a friend. What is fair?

Your friends should find out ASAP if they can qualify for a loan. If they can and if you sell to them, I'd take 7% off the price you expect to get (or feel is reasonable) for the house. That's 6% for realtors fees and 1% for just saving you all the hassle of selling your house (listing, professional...
by retiredjg
Fri May 22, 2015 9:52 am
Forum: Personal Consumer Issues
Topic: Put money down on new car, dealer wants color change
Replies: 49
Views: 3183

Re: Put money down on new car, dealer wants color change

Thanks for all the replies. I had a bad feeling I was getting taken somehow, but I wasn't sure why. I'm not sure yet that you have been taken. It is possible they need to know your "earnestness" before they go to the trouble of trying to find the car you want. They may have experienced a ...
by retiredjg
Fri May 22, 2015 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Options after retroactive TSP dis-enrollment?
Replies: 9
Views: 937

Re: Options after retroactive TSP dis-enrollment?

Curiously, the TSP account still has a balance exceeding $1,500, and the forced withdrawals seem have stopped (for now?) We haven't been able to get any accounting, but this balance perhaps represents the gains on former investments. If this account isn't purged or blacklisted by the retroactive di...
by retiredjg
Fri May 22, 2015 9:21 am
Forum: Investing - Help with Personal Investments
Topic: New Investor Help with Asset Allocation
Replies: 15
Views: 756

Re: New Investor Help with Asset Allocation

If you have $6k to invest this year, I'd put $5,500 into a Roth IRA and put the other $500 into your emergency fund. In the Roth IRA, I'd use either a target date fund (as suggested by Duckie) or the LifeStragety Growth fund which is 80/20 and contains almost the exact same things you are looking fo...
by retiredjg
Fri May 22, 2015 5:36 am
Forum: Investing - Help with Personal Investments
Topic: New Investor Help with Asset Allocation
Replies: 15
Views: 756

Re: New Investor Help with Asset Allocation

You said you have $6k to invest. Did you mean $6k to invest now or $6k to invest this year?
by retiredjg
Thu May 21, 2015 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: International Bond fund in Three Fund Portfolio
Replies: 11
Views: 710

Re: International Bond fund in Three Fund Portfolio

It's the three-fund portfolio because most people here think that international USD-hedged bonds are (1) not worth the effort, (2) not going to make a difference, or (3) are bad for you. I think these things are somewhat true, but not the biggest reason. The addition of an international bond fund t...
by retiredjg
Thu May 21, 2015 4:19 pm
Forum: Investing - Theory, News & General
Topic: Multiple Account Management
Replies: 30
Views: 984

Re: Multiple Accout Management

For example, if you calculated out the percentage of each holding and posted it on the far left side, that would be easy to work with. But only put the percentage to the nearest whole number as in: 1% (instead of 1.012355623523% or 0.84242411%) 0% (instead of 0.4999994124%) 5% (instead of 5.4413566...
by retiredjg
Thu May 21, 2015 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review (28 years old today!)
Replies: 21
Views: 836

Re: Portfolio Review (28 years old today!)

That dude really believes in China and India. Yes, perhaps he does. But if you look at your portfolio, you can't seem to figure out which of the potential money makers you believe in so you've just piled all of them on. :happy Why don't you trim the sails for about 5 or 10 years and figure out just...
by retiredjg
Thu May 21, 2015 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review (28 years old today!)
Replies: 21
Views: 836

Re: Portfolio Review (28 years old today!)

But I'm following Malkiel's aggressive portfolio.... Not really. Your portfolio is way more aggressive than his. 1) He has a reasonable amount of bonds. 2) He does not have additional overweights to -US small cap -Foreign small cap -REIT -commodities -and US value. The fact that you think you are f...
by retiredjg
Thu May 21, 2015 3:44 pm
Forum: Investing - Theory, News & General
Topic: Multiple Account Management
Replies: 30
Views: 984

Re: Multiple Accout Management

Interested in any comments. Here's the link: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=166142&p=2496937#p2496937 I remember seeing that. It's a bit of a mess, isn't it? I have no doubt it can be simplified a lot. :happy However, the information is not presented in a way that make...
by retiredjg
Thu May 21, 2015 3:31 pm
Forum: Investing - Theory, News & General
Topic: Multiple Account Management
Replies: 30
Views: 984

Re: Multiple Accout Management

One thing that does complicate my situation is that a majority of my money is in the 401(k) AND a majority of the contributions also go there. Since I'm contributing the max amount and also get the company match. I never really considered how the dispariety of my contributions need to be taken into...
by retiredjg
Thu May 21, 2015 3:17 pm
Forum: Investing - Theory, News & General
Topic: What if the US stock market was only 25% of the world by market cap?
Replies: 37
Views: 2079

Re: What if the US stock market was only 25% of the world by market cap?

CABob wrote:I would most likely raise my international investments, but, would be nowhere near 75%. Since I earned my money in the US and will be spending my money in the US the US economy affects me the most for better or worse.

This is probably what I would do too.
by retiredjg
Thu May 21, 2015 3:14 pm
Forum: Investing - Theory, News & General
Topic: Multiple Account Management
Replies: 30
Views: 984

Re: Multiple Accout Management

That's exactly what I'm looking to try and set up! I found the "Boglehead" way a little later in my investment life. So I'm holding a bunch of positions that I have nice unrealized capital gains, and don't want to take the tax hit. However, I am now considering the tax advantage accounts ...
by retiredjg
Thu May 21, 2015 3:12 pm
Forum: Investing - Theory, News & General
Topic: Multiple Account Management
Replies: 30
Views: 984

Re: Multiple Accout Management

I would not put 4 funds in each of 5 accounts. Unless they are all at Vanguard or Fidelity with Spartan funds available, you will undoubtedly be paying too much for some asset classes in several accounts. It's hard to wrap your brain around until you see how it works. Heres an example. It assumes th...
by retiredjg
Thu May 21, 2015 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review (28 years old today!)
Replies: 21
Views: 836

Re: Portfolio Review (28 years old today!)

...but overall, I'm looking to cover the entire world market and not make any strong bets . :?: What you say you want and what you have do not seem consistent. Do you realize you have a HUGE overweight to emerging markets? In addition, did you realize there are emerging market stocks in VSS? I don'...
by retiredjg
Thu May 21, 2015 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor Help with Asset Allocation
Replies: 15
Views: 756

Re: New Investor Help with Asset Allocation

There are only 3 funds I would consider: Federated Capital Preservation Fund/Inst'l. Pricing (Expense Ratio: 0.42%) <--appears to be a stable value fund; find out what it is paying this year. Federated Total Return Government Bond Fund/Instl Serv (Expense Ratio Net: 0.62%, Expense Ratio Gross: 0.95%...
by retiredjg
Thu May 21, 2015 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited money and Roth contributions
Replies: 6
Views: 487

Re: Inherited money and Roth contributions

Your understanding is incorrect, but has some basis in something that is true. The IRS does not care where the dollars actually come from. The IRS only cares if the people have "compensation" that would cover the contributions. Apparently your parents do have income that exceeds the $13k s...
by retiredjg
Thu May 21, 2015 12:53 pm
Forum: Personal Consumer Issues
Topic: Put money down on new car, dealer wants color change
Replies: 49
Views: 3183

Re: Put money down on new car, dealer wants color change

Are you anywhere near Maryland? Seems like Carmax has every color imaginable right now...

http://www.carmax.com/search?D=50&zip=2 ... age&ADc=60
by retiredjg
Thu May 21, 2015 12:49 pm
Forum: Personal Consumer Issues
Topic: Put money down on new car, dealer wants color change
Replies: 49
Views: 3183

Re: Put money down on new car, dealer wants color change

I too think the dealer may be trying to get rid of his inventory - the next model will be out in not too long. You should be able to use the internet to find out if the vehicle you want is available and where. Chances are it is available, but not close and they don't want to pay transportation. No w...
by retiredjg
Thu May 21, 2015 11:45 am
Forum: Investing - Help with Personal Investments
Topic: New Investor Help with Asset Allocation
Replies: 15
Views: 756

Re: New Investor Help with Asset Allocation

3. Here is where I think I need more research. I think what you mean by a poor 401k is one in which the fund choices are not great. I need to look into what options are offered in my company 401k and get back to you. This is where your retirement investing should start - looking at the choices in y...
by retiredjg
Thu May 21, 2015 8:44 am
Forum: Investing - Help with Personal Investments
Topic: New Investor Help with Asset Allocation
Replies: 15
Views: 756

Re: New Investor Help with Asset Allocation

What I would like to know is how would I go about investing my money. By which I mean in what accounts (401k, Roth IRA, etc.) should I have Bonds? In which should I have International Stock? In which should I have US Stock? These questions come into play farther down on the decision tree than where...
by retiredjg
Thu May 21, 2015 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Review of Simplified portfolio
Replies: 3
Views: 429

Re: Review of Simplified portfolio

1) Will soon have an additional $100,000 to put in her trust. Should I place it in Intl to increase this allocation? If you want to increase the allocation to international....yes. The allocation you have chosen (15% of stocks) is somewhat lower than the usual numbers that get batted around, but ma...
by retiredjg
Wed May 20, 2015 10:30 am
Forum: Investing - Help with Personal Investments
Topic: keep advisor or do it myself
Replies: 59
Views: 4705

Re: keep advisor or do it myself

My concern, Winsome, is this. If you decide this advisor is worth the extra .5%, will he put you in a portfolio that you are happy with? In your original post, you said "but he has put the "new money" in a myriad of DFA funds to the point where it is dizzying." It just does not s...
by retiredjg
Wed May 20, 2015 9:26 am
Forum: Investing - Help with Personal Investments
Topic: On a Scale of 1 - 10.. [Portfolio evaluation]
Replies: 34
Views: 2264

Re: On a Scale of 1 - 10.. [Portfolio evaluation]

I"m not opposed to the "Holding cash needs...." approach in theory. I'm not sure it is a good idea for this situation at this time. Maybe later when the portfolio is larger and the "emergency fund" is a smaller portion of the total assets. Right now, the emergency fund is fu...
by retiredjg
Wed May 20, 2015 9:03 am
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 106
Views: 7250

Re: What's so great about simplicity?

Right now conversions push me to the top of the SS tax scale and that makes the numbers look bad: a little bit of conversion costs a lot of SS tax. I filled out last years taxes both wit and without the conversion. Converting $13,000 cost about $3500 (I am too lazy to look up exact number right now...
by retiredjg
Wed May 20, 2015 7:54 am
Forum: Investing - Help with Personal Investments
Topic: On a Scale of 1 - 10.. [Portfolio evaluation]
Replies: 34
Views: 2264

Re: On a Scale of 1 - 10.. [Portfolio evaluation]

On a scale of 1-10 how does the portfolio look? Total investment value ~145k. Welcome the criticism. Thanks in advance! Your portfolio is just fine. You could lower costs a little by using Extended Market in an IRA rather than the mid/small caps in the 401k. It won't be that much though because the...
by retiredjg
Tue May 19, 2015 5:25 pm
Forum: Personal Consumer Issues
Topic: Questioning a Dentist?
Replies: 43
Views: 3743

Re: Questioning a Dentist?

My experience is this - what one dentist will watch another dentist will "seal" and another dentist will fill. Yes, that's all one tooth and this experience started maybe 7 or 8 years ago.. The tooth has yet to be sealed or filled and it is just fine. And it is still being watched with lit...
by retiredjg
Tue May 19, 2015 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 401 K allocation
Replies: 15
Views: 759

Re: Help with 401 K allocation

Yes, we are aware that we are losing a good return by prepaying the principal rather than investing. May be I will discuss this aspect with my husband one more time. I'll take the other side of the argument now. There are people here who swear that paying off their mortgage in a hurry was the best ...
by retiredjg
Tue May 19, 2015 4:25 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 106
Views: 7250

Re: What's so great about simplicity?

But I have to say that more than a few denizens of BH seem to believe that the lazy portfolio is the only investment vehicle that is intellectually sustainable. There may be people who think that, but a considerable number of people here do a slice and dice portfolio (especially to small and/or val...
by retiredjg
Tue May 19, 2015 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 401 K allocation
Replies: 15
Views: 759

Re: Help with 401 K allocation

I was prepared for experts to suggest this option :D , but me and my husband are on the same boat regarding being debt free as soon as possible. Since we don't have any car payment or CC debt, we would like to focus on paying the mortgage down with maximum amount possible. We would rather have a mo...
by retiredjg
Tue May 19, 2015 7:34 am
Forum: Investing - Help with Personal Investments
Topic: Help with 401 K allocation
Replies: 15
Views: 759

Re: Help with 401 K allocation

The amounts for the 401k contribution - is that twice a month, every 2 weeks, or monthly?

I can't work on it this morning, but I do have more comments and will help you with the allocations. In the meantime, others might chime in as well.
by retiredjg
Tue May 19, 2015 6:34 am
Forum: Investing - Help with Personal Investments
Topic: Retirement and wealth management fees
Replies: 28
Views: 2555

Re: A wise move

Taylor Larimore wrote:Thank you for your follow-up. I am confident you made a wise move.

Agreed. :happy
by retiredjg
Tue May 19, 2015 6:32 am
Forum: Investing - Help with Personal Investments
Topic: IRA Questions
Replies: 5
Views: 498

Re: IRA Questions

I've confirmed that my current employer's Fidelity-managed 401K does allow me to roll-in funds held in an IRA. My plan offers a low cost (.05%) S&P 500 fund. I'm fairly comfortable with using the S&P instead of Total Market - but the lack of bond fund is a problem. I suppose I could use my ...
by retiredjg
Tue May 19, 2015 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Schooling my CPA and getting charged for it!
Replies: 134
Views: 9568

Re: Backdoor Roth: Schooling my CPA and getting charged for it!

Glad you have a reasonable solution. Hope you have better luck with your next tax person. :happy
by retiredjg
Mon May 18, 2015 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluating my 401k elections at 25 years old
Replies: 16
Views: 1194

Re: Evaluating my 401k elections at 25 years old

Many people here believe it is good to have a little bit in bonds - even for young people.

http://www.rickferri.com/blog/investmen ... own-bonds/
by retiredjg
Mon May 18, 2015 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Thrift Savings Plan and three-fund portfolio...
Replies: 22
Views: 1434

Re: Thrift Savings Plan and three-fund portfolio...

45% taxable 21% Vanguard Total Stock Index 24% Vanguard Total International (more complete than the I fund) 40% TSP 40% F and.or G Fund 10% Roth IRA 10% Vanguard Total Stock Market 5% tIRA (edited) 5% Vanguard Total Stock Market This is the 3 fund portfolio, substituting some G fund for Total Bond ...
by retiredjg
Mon May 18, 2015 8:24 am
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 106
Views: 7250

Re: What's so great about simplicity?

livesoft wrote: OTOH, my friends and family are all still working. What's up with that? :)

Poor planning on their part? :P

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