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Re: Total Bond Mkt or tax-exempt in taxable account?

^The OP appears to be Single. I agree that if retiredjg's yield and deduction estimates are correct, it's pretty unlikely he'll be in the 15% bracket once the portfolio starts throwing off income. But if half of the income is tax-exempt interest (say $30K), then there's a fighting chance he would b...
by retiredjg
Sat Jan 31, 2015 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Bond Mkt or tax-exempt in taxable account?
Replies: 14
Views: 917

Re: Should I participate in my 401k?

I didn't know that was a possibility. It sounds fantastic, I'll look into it thanks! This is possible with SIMPLE IRA, but I do not believe this is allowed with a 401k. The exception is that some plans allow rollovers after age 59.5. retiredjg, thanks for the rule of thumb. Initially, the idea that...
by retiredjg
Sat Jan 31, 2015 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 19
Views: 644

Re: Should I participate in my 401k?

Unfortunately, in this forum the worship of low expense ratios at all costs has gotten out of hand. The OP would be able to have their entire 401(k) in funds with expense ratios below 0.5% plus Roth IRAs plus taxable account if they used the 401(k) plan. The decision to use the 401(k) plan is reall...
by retiredjg
Sat Jan 31, 2015 11:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 19
Views: 644

Re: Tax help on Traditional to Roth

By the way, form 8606 is very easy to work through with a pencil. You should print one out and do it by hand. That might clear up any confusion you still have.
by retiredjg
Sat Jan 31, 2015 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax help on Traditional to Roth
Replies: 6
Views: 137

Re: Tax help on Traditional to Roth

My 2013 is deductible as I claimed it in 2013 return If you deducted it from your taxable income in 2013, it will be taxed with your 2014 taxes because you converted it to Roth in 2014. 2014 Form 8606 should show a $5,500 non-deductible contribution to tIRA for 2014 (on the front). Since this is yo...
by retiredjg
Sat Jan 31, 2015 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax help on Traditional to Roth
Replies: 6
Views: 137

Re: Roth IRA Contribution History

wassabi wrote:Roger all. Thanks for the comment. I don't throw away tax forms, so if it was sent, I have it somewhere! :thumbsup :thumbsup

You should be in good shape then.
by retiredjg
Sat Jan 31, 2015 11:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Contribution History
Replies: 5
Views: 253

Re: Total Bond Mkt or tax-exempt in taxable account?

Total Bond Index is the appropriate suggestion as long as your friend is in the 15% bracket. Don't know enough about the international bond to comment. If your friend is single, he would probably not be in the 15% bracket. Wouldn't the OP's friend move up in the tax brackets once the money is inves...
by retiredjg
Sat Jan 31, 2015 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Total Bond Mkt or tax-exempt in taxable account?
Replies: 14
Views: 917

Re: Tax help on Traditional to Roth

You have to report exactly what you did. You did not make any Roth IRA contributions. What you did is make two non-deductible contributions to tIRA and then convert that to Roth IRA. Your paperwork should look like this. 2013 Form 8606 should show a $5,500 non-deductible contribution to tIRA. This s...
by retiredjg
Sat Jan 31, 2015 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax help on Traditional to Roth
Replies: 6
Views: 137

Re: Roth IRA Contribution History

It's annoying because people don't realize they need to keep up with this information. Then it is a hassle to reconstruct. But even if you don't think you'll ever need it, 59.5 is a long way off and something might happen that would make raiding the Roth IRA necessary. It will be even more difficult...
by retiredjg
Sat Jan 31, 2015 10:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Contribution History
Replies: 5
Views: 253

Re: Total Bond Mkt or tax-exempt in taxable account?

Total Bond Index is the appropriate suggestion as long as your friend is in the 15% bracket. Don't know enough about the international bond to comment.

If your friend is single, he would probably not be in the 15% bracket.
by retiredjg
Sat Jan 31, 2015 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Total Bond Mkt or tax-exempt in taxable account?
Replies: 14
Views: 917

Re: Should I participate in my 401k?

*OK, the term to look for is "active participant", maybe you are not an active participant in your 401(k) plan, but I think you certainly should be. Are you hearing voices? :happy http://www.irs.gov/Retirement-Plans/Are-You-Covered-by-an-Employer's-Retirement-Plan%3F I read it that there ...
by retiredjg
Sat Jan 31, 2015 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 19
Views: 644

Re: When to harvest this gain?

If you think you'll need the back door method to get money into Roth IRA in the future, you need to get rid of that tIRA. You can convert it at 25% or you can roll it into an old 403k/403b/457b if she has one sitting around. I'm not a big proponent of converting in the 25% bracket, but if you won't ...
by retiredjg
Sat Jan 31, 2015 10:12 am
 
Forum: Investing - Help with Personal Investments
Topic: When to harvest this gain?
Replies: 2
Views: 165

Re: Should I participate in my 401k?

Tax-deferral is a good thing. Generally, it is better to use a bad 401k than not use it. If the expense ratios are very high (higher than yours) and if you will be at that company for a very long time (20 years maybe), it might be better to use a taxable account than a bad 401k. One of our math guys...
by retiredjg
Sat Jan 31, 2015 9:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I participate in my 401k?
Replies: 19
Views: 644

Re: Mega Backdoor Roth IRA questions

Great! Thanks for the clear answers guys. My take away is that I should do the rollovers as frequently as possible to minimize earnings. Most people here would agree. There is one dissenting voice who believes after-tax contributions are worth it even if you can't get the money out right away. Here...
by retiredjg
Sat Jan 31, 2015 9:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA questions
Replies: 5
Views: 486

Re: Help with 401K/ROTH IRA investments

Vanguard Total Stock Market Index Fund Institutional Shares - VITSX - 0.04% Vanguard Total International Stock Index Fund Investor Shares - VGTSX - 0.22% Vanguard Total Bond Market Index Fund Investor Shares - VBMFX - 0.20% Then most likely the ER of the target fund is the same as the combined ER o...
by retiredjg
Fri Jan 30, 2015 4:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401K/ROTH IRA investments
Replies: 14
Views: 479

Re: 403b 457b Investing order

Funny, I was just looking at the 2015 version of that chart: http://www.irs.gov/pub/irs-tege/rollover_chart.pdf and wondering where the non governmental row might be hiding. :happy It's not hiding. There are completely different rules. Those rules are what make them a bad idea for many people. It i...
by retiredjg
Fri Jan 30, 2015 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: 403b 457b Investing order
Replies: 12
Views: 368

Re: Searching with google while using Safari

retiredjg wrote:However, Command <left arrow> does nothing and the same with the other arrow.

If the cursor is in the right place, these arrows do exactly what a couple of you said.... :oops:
by retiredjg
Fri Jan 30, 2015 4:43 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: Convert rollover 401k traditional IRA to roth ira

My question is why are you doing this Roth conversions if you are in a high tax bracket? It does not make sense to me to take money out of a 401k and convert to Roth at a high tax rate. Reason because all of our investment are pre-tax (401k investment), 2014 we did maxed out 35k (17.5k x 2) to our ...
by retiredjg
Fri Jan 30, 2015 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert rollover 401k traditional IRA to roth ira
Replies: 9
Views: 342

Re: 403b 457b Investing order

I don't remember what document this came from, but google is probably your friend. You'll notice that non-governmental rollovers are not even included on the rollover chart with all the other plans.

http://benefitslink.com/src/irs/rollove ... ov2014.pdf
by retiredjg
Fri Jan 30, 2015 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: 403b 457b Investing order
Replies: 12
Views: 368

Re: 403b 457b Investing order

The subject 457b is non governmental. Then use the 403b, even if the 457b has better choices. A non-governmental 457b is subject to the creditors of the employer - you can literally lose your money if the employer gets into a pinch. A non-governmental 457b cannot be rolled into an IRA or a 401k or ...
by retiredjg
Fri Jan 30, 2015 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: 403b 457b Investing order
Replies: 12
Views: 368

Re: The lowest stock allocation you plan to stay with

Warren Buffet warned: "To make money they didn't need, they risked what they did have and did need." Once you have accumulated a bit more than what you think will be more than enough, why invest in stocks at all? That's a great quote! I would not go to 0% stocks myself. I want some stocks...
by retiredjg
Fri Jan 30, 2015 3:34 pm
 
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 73
Views: 2901

Re: Is it unusual to have NO index fund options in 403(b)?

It is not unusual for 403b plans to be high cost. But we've also seen some really good ones. With so many vendors and each plan having different fees, it's just hard to figure out. I know we've seen index funds in Valic plans. I wonder why her Valic plan doesn't offer at least a 500 index? Watch for...
by retiredjg
Fri Jan 30, 2015 3:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it unusual to have NO index fund options in 403(b)?
Replies: 10
Views: 537

Re: How do I balance debt v. investing in my situation

Re-Categorize your Roth IRA as your EF I think this idea is worth considering. It appeared you were thinking of raiding your 403b to pay off the loans and that's not a great idea for all the reasons mentioned. But if you exchanged say $15k to $20k in the Roth IRA to short term bonds or money market...
by retiredjg
Fri Jan 30, 2015 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do I balance debt v. investing in my situation
Replies: 27
Views: 1394

Re: SSGA Target Date or Use My Own Allocation?

Touche. It must have been the Fidelity Total Bond Market fund I looked at which is used in their TD plans. I remember looking like six months ago and the avg duration was north of 10 in the one i checked. Indeed Vanguard TBM looks to be 5.6 which I would say is the sweet spot to get a decent coupon...
by retiredjg
Fri Jan 30, 2015 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: SSGA Target Date or Use My Own Allocation?
Replies: 12
Views: 692

Re: How do I balance debt v. investing in my situation

So what about taking my E-fund down to 20K and then foregoing all 403B contributions until the loans are paid? Is that too extreme? Right answer, but it is too extreme in my opinion. I would not forgo ALL 403b and or IRA contributions, but reduce it. And I would not pay off the cars at the expense ...
by retiredjg
Fri Jan 30, 2015 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do I balance debt v. investing in my situation
Replies: 27
Views: 1394

Re: Searching with google while using Safari

I have multiple browser windows open all the time. I use the multi-touch trackpad to switch between windows or Command-tab to switch between programs. To go back in the browser, it is a two-finger scroll left. To go forward it is a two-finger scroll right. If you don't have a multi-touch trackpad, ...
by retiredjg
Fri Jan 30, 2015 1:04 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: Searching with google while using Safari

I had to pay to upgrade the operating system because turbotax would not work on what I had. Now you've got me worrying. Can anyone verify that turbotax still runs on 10.6 (Snow Leopard)? If not I'm going to need a plan B. When I downloaded TT Deluxe, it told me it would not run on my operating syst...
by retiredjg
Fri Jan 30, 2015 12:57 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: SSGA Target Date or Use My Own Allocation?

But those long dated bonds are balanced by short dated ones. Both Vanguard and Morningstar consider TBM to be an intermediate term fund. Does that change your feelings any?
by retiredjg
Fri Jan 30, 2015 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: SSGA Target Date or Use My Own Allocation?
Replies: 12
Views: 692

Re: Help with 401K/ROTH IRA investments

Hi retiredjg, I found out that expense ratios on the accounts I listed are about 0.20% to 0.40%. The VFIFX account is at 0.18%, same as listed on public vanguard page. I will edit my original post with exact numbers if that would be helpful. Either you didn't look at them all, or there is an added ...
by retiredjg
Fri Jan 30, 2015 12:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401K/ROTH IRA investments
Replies: 14
Views: 479

Re: Searching with google while using Safari

I can't understand the problem the OP is having, but maybe that's just me. My own experience has been that there are no disadvantages to having the single box. I strongly prefer it to having a separate search box. There is never a time when I can use both simultaneously, so why have two boxes? I di...
by retiredjg
Fri Jan 30, 2015 12:27 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: Searching with google while using Safari

Short cut for back arrow is Command <left arrow> or two finger swipe from left to right, Short cut for forward arrow is Command <right arrow> or two finger swipe from right to left. Yes, that is the button I mean. However, Command <left arrow> does nothing and the same with the other arrow. And opt...
by retiredjg
Fri Jan 30, 2015 12:22 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: Convert rollover 401k traditional IRA to roth ira

My question is why are you doing this Roth conversions if you are in a high tax bracket? It does not make sense to me to take money out of a 401k and convert to Roth at a high tax rate.
by retiredjg
Fri Jan 30, 2015 12:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert rollover 401k traditional IRA to roth ira
Replies: 9
Views: 342

Re: Convert rollover 401k traditional IRA to roth ira

Form 8606 is used, among other things, to document the conversion from tIRA to Roth IRA. So yes, you (actually SHE) will need it on your 2014 taxes for that $9k converted in 2014. This is not a joint form. He has his and she has hers. My confusion about RothIRA conversion is that *every year* I have...
by retiredjg
Fri Jan 30, 2015 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert rollover 401k traditional IRA to roth ira
Replies: 9
Views: 342

Re: SSGA Target Date or Use My Own Allocation?

What I've learned here is to fund your 401k to maximum matching and then max out an IRA. I don't think this takes into account folks with all 3 401k/Roth/457 options. This is a general suggestion and assumes that many people have poor choices in their work plans. It doesn't apply to you as much as ...
by retiredjg
Fri Jan 30, 2015 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: SSGA Target Date or Use My Own Allocation?
Replies: 12
Views: 692

Re: Help with 401K/ROTH IRA investments

An expense ratio is a number like .14% or .35% or 1.8% (too high for us around here). The four digit number you found is the number of the fund - not what you are looking for. The numbers on the Vanguard webpage may or may not apply to your plan so be sure to check that out before assuming that is w...
by retiredjg
Fri Jan 30, 2015 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401K/ROTH IRA investments
Replies: 14
Views: 479

Re: Searching with google while using Safari

Since you guys know so much (not intended to be sarcasm), how have you solved the font problem with this version of Safari? If I set the font size for Bogleheads.org, when I click on a thread the font is too big. If I set the font size for the threads, when I switch back to Bogleheads.org, the font ...
by retiredjg
Fri Jan 30, 2015 10:03 am
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: Convert rollover 401k traditional IRA to roth ira

You can convert tIRA to Roth IRA at any time - your MAGI is not involved in a simple Roth conversion. When you convert to Roth, taxes will be due on any untaxed amount (presumably the full amount in this case) the following April. If the tax is a large amount, you might consider increasing your with...
by retiredjg
Fri Jan 30, 2015 9:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert rollover 401k traditional IRA to roth ira
Replies: 9
Views: 342

Re: Help with 401K/ROTH IRA investments

Since you have good target fund choices in both of your accounts, it does not matter much whether you choose to use the target fund or individual funds. If you become very interested in investing, individual funds might suit you better. If not, the target funds are the simplest and easiest way to go...
by retiredjg
Fri Jan 30, 2015 9:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401K/ROTH IRA investments
Replies: 14
Views: 479

Re: 60 Day rollover cash

new_retiree wrote:So, what does everyone think about my idea? Thanks

This is a very bad idea.
by retiredjg
Fri Jan 30, 2015 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: 60 Day rollover cash
Replies: 6
Views: 369

Re: New investor building simple Fidelity portfolio

What you should do is this: Fill all your tax advantaged accounts with Spartan US Bond Index (or combo with other Spartan bond funds). Whatever bond overflow you need to put into taxable is fine, but only put overflow there - bonds that won't fit in the IRAs and 401k. In taxable use the Ohio muni (i...
by retiredjg
Fri Jan 30, 2015 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: New investor building simple Fidelity portfolio
Replies: 7
Views: 415

Re: The lowest stock allocation you plan to stay with

I'm retired and at 50/50. Right now, I don't plan to go below 40/60 but that is a soft number for me. 25/75 is a pretty hard number though.
by retiredjg
Fri Jan 30, 2015 7:42 am
 
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 73
Views: 2901

Re: Searching with google while using Safari

What do you mean "go to the URL bar"? That's exactly what command-L does. Why take your fingers away from the keyboard to use the mouse or trackpad? Just Command L does make sense. Thanks, I didn't know that one. But why do Command N first - that really slows things down by bringing up th...
by retiredjg
Fri Jan 30, 2015 7:14 am
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: Searching with google while using Safari

I must be doing something wrong with Safari 6.1.6 as the URL bar is the same place to do a google search for me. I can type in anything (except a legit URL) and google will conduct a search. OTOH, if the URL is legit, safari just goes there. I made google the default search engine. If I need to go ...
by retiredjg
Thu Jan 29, 2015 8:29 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: Searching with google while using Safari

c) now I wonder what the OP was doing and whether I could have been doing it. What I was doing is just going to the google search box and searching. No new window, no new tab. Then I could go back to where I was and continue on with whatever I was typing before I had to look something up. From what...
by retiredjg
Thu Jan 29, 2015 8:25 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: Age limit on IRA deduction

What I copied was actually from Pub 590-A. First time I had seen that - I didn't realize they were officially split. Thanks for the info.
by retiredjg
Thu Jan 29, 2015 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Age limit on IRA deduction
Replies: 24
Views: 1315

Re: Searching with google while using Safari

I can't understand the problem the OP is having, but maybe that's just me. My own experience has been that there are no disadvantages to having the single box. I strongly prefer it to having a separate search box. There is never a time when I can use both simultaneously, so why have two boxes? Mayb...
by retiredjg
Thu Jan 29, 2015 6:54 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: Searching with google while using Safari

If you want to continue typing in your present window, just open a new window for your search. I think you'd have to do this anyway unless you had the search set to open the results a new window. Why would anyone pay for Safari, or for any browser when there's so many free ones out there? -- Tet I ...
by retiredjg
Thu Jan 29, 2015 6:17 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Re: Searching with google while using Safari

Are you referring to the Mac or PC version? I don't use Safari, but I do happen to have it loaded on my PC just in case. I just brought it up. and the address bar still has separate areas for the address (on the left) and Google search (on the right). This is Safari 5.1.7. Is this an old version? I...
by retiredjg
Thu Jan 29, 2015 5:49 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209

Searching with google while using Safari

Software updates always bring unwanted changes. I've updated my Safari web browser and there is no longer a google search box on the tool bar. There is now a joint address bar and search bar. Apparently lots of people were unhappy about this 2 years ago but the problem still seems to exist. When I'm...
by retiredjg
Thu Jan 29, 2015 5:30 pm
 
Forum: Personal Consumer Issues
Topic: Searching with google while using Safari
Replies: 31
Views: 1209
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