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by retiredjg
Fri May 29, 2015 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help with allocation of Bond funds
Replies: 6
Views: 330

Re: Help with allocation of Bond funds

It's all about the tax bracket. In the 15% bracket, you probably want a taxable bond like total bond market (mixed with others if you prefer). In the 25% bracket, I'd probably pick a muni bond myself, but it may be a toss up. I don't think holding total bond in taxable in the 25% bracket would be a ...
by retiredjg
Fri May 29, 2015 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRA rollover to solo 401k to E trade
Replies: 3
Views: 184

Re: IRA rollover to solo 401k to E trade

Have you considered using Fidelity for your Solo 401k and not moving the money back to Vanguard? Fido Solos will accept inbound IRAs (or so it is reported here) and they have an excellent set of Spartan Index funds and the Fidelity Freedom INDEX target fund series. They also have an excellent series...
by retiredjg
Fri May 29, 2015 3:19 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation and withdrawal rate for short life remaining?
Replies: 13
Views: 702

Re: Asset Allocation and withdrawal rate for short life remaining?

I think it would be conservative to withdraw based on a 10 year life expectancy- I guess a 10% WR would do this? It would only work this way if the money is in cash, money market, CD, etc. and if whatever it is keeps up with inflation (which of course cash and money market will not do). I suppose 1...
by retiredjg
Fri May 29, 2015 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: RMUCX
Replies: 6
Views: 241

Re: RMUCX

Here's one more guess. With expenses at 1.57% the fund may not make enough to overcome that large of an expense. Yes, the growth of $10k chart shows that it has grown and that is after expenses so no, I can't explain that either.
by retiredjg
Fri May 29, 2015 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: RMUCX
Replies: 6
Views: 241

Re: RMUCX

I don't know the answer, but here are a couple of guesses. 1) The fund has a front end load. So if you gave them a check for $10,000, they only invested $9,900. If the load was larger back then, they invested less. 2) Are you paying an advisor for management services? 3) Could an annual IRA fee for ...
by retiredjg
Fri May 29, 2015 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 95
Views: 9113

Re: Selling home - unexpected competition

So did your agent get 2.5% of $880k instead of the 4% of $850k they wanted? I suspect this is why the agent was suggesting a quick acceptance rather than waiting. . Good data point. So. What fiduciary duty does a seller's agent have toward the buyer legally? Does it change when they are agents for ...
by retiredjg
Fri May 29, 2015 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 95
Views: 9113

Re: Selling home - unexpected competition

So did your agent get 2.5% of $880k instead of the 4% of $850k they wanted? I suspect this is why the agent was suggesting a quick acceptance rather than waiting. thomasbayarea, I'm just curious. Does "no contingencies" mean there will not be an inspection? If I were a buyer, I'd be very ...
by retiredjg
Fri May 29, 2015 6:04 am
Forum: Investing - Help with Personal Investments
Topic: Which international funds to buy in a taxable account?
Replies: 6
Views: 610

Re: Which international funds to buy in a taxable account?

The answer depends on where your taxable account is and whether you want to move it. If at Vanguard, use the Total International Index. If at Fidelity, use the Spartan Global except US Index. If at other places…depends on where it is and whether you have free trades available and whether you are wil...
by retiredjg
Fri May 29, 2015 5:37 am
Forum: Investing - Help with Personal Investments
Topic: How to analyze portfolio recommendations
Replies: 20
Views: 1177

Re: How to analyze portfolio recommendations

High fees. Too many funds and a combination of funds that doesn't even make good sense. Too much complexity - would you know how to rebalance that mess? That "plan" is what we call a "shotgun" approach. Just have a lot of funds and the potential customer will assume it is good be...
by retiredjg
Thu May 28, 2015 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: backdoor and perhaps taxable conversion
Replies: 13
Views: 626

Re: backdoor and perhaps taxable conversion

You say you want to do a back door contribution to Roth IRA. If you are retired, how can you contribute to tIRA? You must have compensation in order to contribute to tIRA. Perhaps you mean you are retired from the 401k job and have some income from another employer? If so, is the income high enough ...
by retiredjg
Thu May 28, 2015 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: backdoor and perhaps taxable conversion
Replies: 13
Views: 626

Re: backdoor and perhaps taxable conversion

Thanks folks. Also I have downloaded the Form 5498 instructions and am wading though its 23 pages. The IRS does not make it easy. What would you do with Form 5498? That is not a form that you would fill out. Are you thinking of Form 8606 that would be used to document a non-deductible contribution ...
by retiredjg
Thu May 28, 2015 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: backdoor and perhaps taxable conversion
Replies: 13
Views: 626

Re: backdoor and perhaps taxable conversion

I think Factual Fran is answering a question different what what you asked. You can have a distribution from traditional 401k rolled directly to Roth IRA. If you do it this way, it is not pro-rated with money you have in tIRA. So if you roll $1000, you should pay tax on $1000. If you roll from 401k ...
by retiredjg
Thu May 28, 2015 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Need 60k for downpayment, take from VTIAX or VTSAX?
Replies: 11
Views: 792

Re: Need 60k for downpayment, take from VTIAX or VTSAX?

It isn't necessarily right or wrong. If you sell international, will that move your international allocation lower than you want? I would pay more attention to keeping my allocations where I want that which fund would give more cap gains. But for only $60k, it probably will not matter much.
by retiredjg
Wed May 27, 2015 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion 5 year rule
Replies: 15
Views: 1150

Re: Roth conversion 5 year rule

Jerry55 wrote:It was a VCP to rIRA Rollover in March of 2012….

That changes everything since (most of) the VCP has already been taxed…. :D
by retiredjg
Wed May 27, 2015 5:59 pm
Forum: Personal Consumer Issues
Topic: Money and cell phones when traveling to Canada
Replies: 24
Views: 831

Re: Money and cell phones when traveling to Canada

But you might want to avoid using a card that has an international surcharge….
by retiredjg
Wed May 27, 2015 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion 5 year rule
Replies: 15
Views: 1150

Re: Roth conversion 5 year rule

It is not the date you opened it. Even if you start your contributions in December, your 5 year clock started ticking in January of the year you started. So you can start distributions in January 2017 if you are 59.5 years old. Actually, if you made ordinary direct contributions, you can take the co...
by retiredjg
Wed May 27, 2015 5:35 pm
Forum: Personal Consumer Issues
Topic: Money and cell phones when traveling to Canada
Replies: 24
Views: 831

Re: Money and cell phones when traveling to Canada

Regarding money, I just used my credit cards. Last I was there was 3 or 4 years ago. No chips, no problems.
by retiredjg
Wed May 27, 2015 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Critique My 401K Rollover Investments
Replies: 3
Views: 255

Re: Critique My 401K Rollover Investments

I've chosen different institutions for each of the three index funds with a view to hedging risk (aka don't put all your eggs in one basket). I don't think this is wise. You will have no way to rebalance unless they are all at one custodian. If they are all at one custodian, you will probably have ...
by retiredjg
Wed May 27, 2015 5:14 pm
Forum: Personal Consumer Issues
Topic: Money and cell phones when traveling to Canada
Replies: 24
Views: 831

Re: Money and cell phones when traveling to Canada

Your phone won't work, but I think Skype might. Are you taking a computer with you?

I used to go to Canada pretty regularly and the phone was useless. I just used email on my laptop (on a trusted wifi). Seems like Skype should work fine if you have wifi.
by retiredjg
Wed May 27, 2015 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Regular or Roth 457?
Replies: 13
Views: 678

Re: Regular or Roth 457?

adam123 wrote:Thanks for the thoughts. Answering some of the questions, we both make about the same, and anticipate the 60% pension.

Using 2 personal exemptions and the standard deduction, what tax bracket would 60% of your salary put you in?
by retiredjg
Wed May 27, 2015 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Regular or Roth 457?
Replies: 13
Views: 678

Re: Regular or Roth 457?

This may open another can of worms, but I may eventually inherit a sizeable IRA. Does that change the equation more toward Roth? Not in my mind. You will have RMDs from this inherited IRA and they will not be affected by your other accounts. If you are wondering if you can get pushed into the 33% b...
by retiredjg
Wed May 27, 2015 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: SERP retirement account [Supplemental Executive Retirement Plan]
Replies: 11
Views: 583

Re: SERP retirement account [Supplemental Executive Retirement Plan]

Thanks all for your responses! I feel that I have a good understanding of the risks and benefits of this potential investment. I have one more question for you. If you knew the company had a Ba2 rating from Moody's, would this affect your decision of whether or not to invest in this plan? It would ...
by retiredjg
Wed May 27, 2015 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion 5 year rule
Replies: 15
Views: 1150

Re: Roth Qualified distribution

it implies (whether you meant to or not) that a non-qualified withdrawal will trigger tax or penalty. "A implies B" does not imply "not A implies not B". If anybody thinks it does they need to go back to syllogism school. :annoyed I know that and you know that. But what you said...
by retiredjg
Wed May 27, 2015 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Regular or Roth 457?
Replies: 13
Views: 678

Re: Regular or Roth 457?

If you do end up in the 28% bracket in retirement, paying 28% now vs paying 28% later is a wash. I don't think there is a strong argument for more Roth if you are filling two 457b accounts (traditional) and 2 Roth IRAs. That is close to 25% in Roth and that is a reasonable number. If you do decide t...
by retiredjg
Wed May 27, 2015 3:34 pm
Forum: Personal Consumer Issues
Topic: Opening lawn sprinker system: DIY or call company?
Replies: 9
Views: 680

Re: Opening lawn sprinker system: DIY or call company?

One good thing about paying for it….once….is that you can get the sprinkler person to educate you on the entire system. If you don't do this, you will have to figure it all out yourself. Sometimes, that means learning it the hard way. I had a sprinkler system at my last house. It is quite the blessi...
by retiredjg
Wed May 27, 2015 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion 5 year rule
Replies: 15
Views: 1150

Re: Roth Qualified distribution

However I think it's clearer to ask "Is this a qualified withdrawal?" The two pronged test is: Did the Roth IRA owner establish any Roth IRA more than 5 years ago? Is the Roth owner over age 59.5, disabled or dead? If the answers are yes and yes any withdrawal is a "qualified withdra...
by retiredjg
Wed May 27, 2015 2:16 pm
Forum: Personal Consumer Issues
Topic: Credit Terminology
Replies: 2
Views: 159

Re: Credit Terminology

A company you already have a financial relationship with may be allowed to check your credit whenever they want. These should be "soft pulls" and you may never even be aware of it. My experience makes me think that a company that is considering giving you credit may be able to do either a ...
by retiredjg
Wed May 27, 2015 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Best options when Roth is not an option
Replies: 10
Views: 604

Re: Best options when Roth is not an option

I would like to know what our best options are for retirement planning/saving/investing options from here on out. Should we open up tIRAs, or simply invest in taxable investment accounts? The first place to consider is a 401k, 403b, 457b, or SIMPLE IRA at work. If you have no such plans, you can co...
by retiredjg
Wed May 27, 2015 10:11 am
Forum: Investing - Theory, News & General
Topic: Wellington & Wellesley
Replies: 32
Views: 3652

Re: Wellington & Wellesley

I realize this falls squarely inside the box of "worshiping at the Vanguard altar"... The interesting thing is that Wellington and Wellesley aren't actually managed by Vanguard, but by Wellington Management out of Boston. Hmmm. I think I must have known that, but forgot. It does ring a be...
by retiredjg
Wed May 27, 2015 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Early/Earlier/Earliest Retirement?
Replies: 26
Views: 3669

Re: Early/Earlier/Earliest Retirement?

I thought of a few things. 1) If you have a downpayment and a reasonable income from pension and SS and nest egg, there will be no problem getting a mortgage in retirement. Not saying you need to do that, just that you should be able to. 2) As a retired Fed, having the health care benefit is a good ...
by retiredjg
Wed May 27, 2015 8:03 am
Forum: Investing - Theory, News & General
Topic: Wellington & Wellesley
Replies: 32
Views: 3652

Re: Wellington & Wellesley

I've never owned either Wellington or Wellesley Income, but I would certainly consider owning Wellesley Income (I'm retired) at some point in the future. Here's why. The active vs passive argument boils down to the two arguments already brought forward - cost and trust in active management. W & ...
by retiredjg
Tue May 26, 2015 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: What would be the best investment options for me?
Replies: 4
Views: 341

Re: What would be the best investment options for me?

I seriously doubt those are the only funds available in your plan. But once you clicked on "balanced", they might be the only balanced funds available. A balanced fund contains both stocks and bonds. Go back and do some more hunting around and I think you'll find more funds listed. The fun...
by retiredjg
Tue May 26, 2015 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Tax question
Replies: 16
Views: 1426

Re: Roth IRA Tax question

I think you will get a 5498 form from each IRA custodian every year, about May. You can't send it in with your taxes because you don't have it when most people do their taxes. The form helps you and the IRS keep up with how much you have in IRA and Roth IRA. But it is not a tax form.
by retiredjg
Tue May 26, 2015 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need to sell my REIT in taxable account?
Replies: 18
Views: 1026

Re: Do I need to sell my REIT in taxable account?

I'm under the impression that most REITS pay their dividends monthly. So you may already have some extra income on which to pay tax. I'd sell now and take the loss off your taxes. Maybe the loss will offset your dividends. Don't hold your breath for "when the interest rate rises". You migh...
by retiredjg
Tue May 26, 2015 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple Accounts Asset Allocation
Replies: 12
Views: 837

Re: Multiple Accounts Asset Allocation

So do we: 1. Go 100% bonds in our Roth IRAs (based on the assumption that bonds are better held in tax-advantaged accounts)? 2. Or go 100% stock in our Roth IRAs (not sure if there a benefit to that)? Put all your bonds in tax-advantaged accounts. That could be either 401ks or Roth IRA. Most people...
by retiredjg
Tue May 26, 2015 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: max out both 401k/403b and 457 options?
Replies: 2
Views: 188

Re: max out both 401k/403b and 457 options?

So--any thoughts on whether I should be prioritizing the 457 option instead of a taxable account? If so, would it make sense to pursue the Roth or the traditional option? Any advice or perspective would be appreciated. This is entirely dependent on whether you want to save for a house or save for r...
by retiredjg
Tue May 26, 2015 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Adjustments to a taxable account
Replies: 7
Views: 691

Re: Adjustments to a taxable account

To estimate the unrealized capital gains, I simply took the current market values minus the cost basis shown in their account statements. Not sure if that is correct or not. Did it actually say "cost basis" or do you mean the amount they paid when they bought the funds? If it said "c...
by retiredjg
Tue May 26, 2015 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Adjustments to a taxable account
Replies: 7
Views: 691

Re: Adjustments to a taxable account

In your estimation of capital gains, did you take into consideration that dividends and capital gains distributions have already been taxed?
by retiredjg
Tue May 26, 2015 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Adjustments to a taxable account
Replies: 7
Views: 691

Re: Adjustments to a taxable account

Why do they hover? Is the income different from year to year? Could they contribute more to 401k or tIRA and get into the 15% bracket with enough space to sell anything? I think your idea of waiting is fine, but not if the waiting ends up being too long because those ERs are not free and the tax-ine...
by retiredjg
Tue May 26, 2015 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Multiple Accounts Asset Allocation
Replies: 12
Views: 837

Re: Multiple Accounts Asset Allocation

1. My income does not allow me or my wife to contribute to IRA accounts (or Roth IRA). We are in the process of opening IRA accounts for non-deductible contributions and converting them to Roth IRAs (backdoor Roth IRA). We are planning on using both Roth IRAs for bond funds (VBMFX). We will go to V...
by retiredjg
Mon May 25, 2015 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: I'm a mess, how to deploy our money?
Replies: 19
Views: 2832

Re: I'm a mess, how to deploy our money?

Interesting. Never heard of this back door to a Roth. Since I learned of the Roth, I have never qualified. I read the wiki page on the back door Roth IRA method and... well... I'm confused. I probably need to do a bit more research on this because it seems like a fairly complicated endeavor. It wil...
by retiredjg
Mon May 25, 2015 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: I'm a mess, how to deploy our money?
Replies: 19
Views: 2832

Re: I'm a mess, how to deploy our money?

At some point, I had an IRA I was making tax-deductible contributions to. Later, I made non-tax deductible contributions to the same account. To put the cherry on top, I think I also later rolled over a 401K into the same account. I'm pretty sure mixing non-deductible and deductible contributions i...
by retiredjg
Mon May 25, 2015 4:41 pm
Forum: Personal Consumer Issues
Topic: Any solo retired RVer's out there?
Replies: 27
Views: 2570

Re: Any solo retired RVer's out there?

Thanks for the warning - I was wondering what that patch of white with the evil looking eyes was over there....thought it might be a shiner.
by retiredjg
Mon May 25, 2015 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor - seeking guidance and affirmation
Replies: 3
Views: 217

Re: New Investor - seeking guidance and affirmation

1. Does my current asset allocation indeed achieve my desired asset allocation of 70-75 stock/25-30 bond and 20-25% international stock? Yes. Looks good to me. 2. Following the principles for tax-efficient placement of funds, I believe I have placed my funds accordingly. How advantageous is it to a...
by retiredjg
Mon May 25, 2015 3:35 pm
Forum: Personal Consumer Issues
Topic: Any solo retired RVer's out there?
Replies: 27
Views: 2570

Re: Any solo retired RVer's out there?

My preference is truck/trailer, but I have not tried Motorhome/tow car. I've been told, but don't know if it is true, that you cannot back up when you are pulling a tow car. If that is true, it could be inconvenient at times. I see a lot of people towing cars, but that is mostly the large motorhomes...
by retiredjg
Mon May 25, 2015 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: SERP retirement account [Supplemental Executive Retirement Plan]
Replies: 11
Views: 583

Re: SERP retirement account [Supplemental Executive Retirement Plan]

This sounds like a non-governmental 457b plan. If so, you are correct that the funds are not protected from the creditors of the employer, you can't really roll it over if you change jobs (except to another non-governmental 457b plan) and the income might get dumped on you at just the wrong time - i...
by retiredjg
Mon May 25, 2015 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple Accounts Asset Allocation
Replies: 12
Views: 837

Re: Multiple Accouints Asset Allocation

I think 90/10 is mighty risky for a person your age. No opinion on Wealthfront or Betterment.
by retiredjg
Mon May 25, 2015 12:27 pm
Forum: Personal Consumer Issues
Topic: Any solo retired RVer's out there?
Replies: 27
Views: 2570

Re: Any solo retired RVer's out there?

But a big 5th wheel pretty much requires a big 3/4 ton diesel truck or preferably a 1-ton dually truck which tend to be expensive monsters that can be difficult for around town use. I suppose it depends on what you mean by "big" 5th wheel, but I pulled my 30' 5th wheel (33' depending on h...
by retiredjg
Mon May 25, 2015 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Beginner investing
Replies: 21
Views: 1555

Re: Beginner investing

Its not that, Im not looking to get rich tomorrow, But most of the billionaires out there are investors. How? Are they really good in this tactic? I suspect that most billionaires are investors. That does not mean that most investors are billionaires. In fact, most are not by a very wide margin. If...
by retiredjg
Mon May 25, 2015 10:18 am
Forum: Personal Consumer Issues
Topic: Any solo retired RVer's out there?
Replies: 27
Views: 2570

Re: Any solo retired RVer's out there?

Those Class Bs look very nice. I will check them out. The only problem for me is that it might be inconvenient to not have a separate vehicle to get around in. I might want to go places where I stay for awhile and don't want to have to uproot my entire RV to run errands, etc. Looks like the Class B...

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