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Re: Please help with asset allocation and investments.

ETA: I remain clueless about which way to go regarding funding an IRA. I am 64 and don't have one so that would mean I could only fund one for 6 or 7 years (depending on whether one gets to fund one at age 70). That wouldn't leave much time for the investments to grow, which they likely wouldn't mu...
by retiredjg
Mon Oct 20, 2014 8:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help with asset allocation and investments.
Replies: 24
Views: 1735

Re: Help Choosing Investments and Coordinating Debt Paydown

So you need to compare the cost of the appraisal against the interest. Hmmm.

What would it cost to get a personal loan of $5k or $8k? If you had such a loan, could you avoid all interest on all cards?

I'm not making suggestions. I'm tossing out ideas to research.
by retiredjg
Mon Oct 20, 2014 8:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Choosing Investments and Coordinating Debt Paydown
Replies: 25
Views: 925

Re: 2nd Opinions on Bond Alternatives?

Other appropriate recs could be, CDs, REITs, convertibles, and high yielding stocks or MLPs. I suppose "appropriate" depends your purpose for holding bonds. -If you are using bonds to provide income, perhaps those would work. -If you are using bonds to provide safety and stability to your...
by retiredjg
Mon Oct 20, 2014 7:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2nd Opinions on Bond Alternatives?
Replies: 25
Views: 1220

Re: Help Choosing Investments and Coordinating Debt Paydown

Wow, this thread really picked up today. Thanks for all the wonderful feedback. I will have to think about the pros and cons of taking on the home loan. If you can avoid any of the CC converting from 0% to high % for more than a month or 2, you may not need the home loan. I was just assuming since ...
by retiredjg
Mon Oct 20, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Choosing Investments and Coordinating Debt Paydown
Replies: 25
Views: 925

Re: Is the backdoor Roth IRA legal?

I think "Backdoor Roth" includes the ability to move after-tax money from a 401K to a Roth IRA. Not really. These two things developed entirely separately. It's just that several months ago someone gave the after-tax 401k to Roth IRA maneuver a name that includes the words "backdoor ...
by retiredjg
Mon Oct 20, 2014 6:51 pm
 
Forum: Investing - Theory, News & General
Topic: Is the backdoor Roth IRA legal?
Replies: 13
Views: 1604

Re: Help Choosing Investments and Coordinating Debt Paydown

nelson1015 wrote:You're seeing the best, I'm seeing the worst.

I do interpret things in the best possible light until I see definite evidence otherwise. It works for me. :D
by retiredjg
Mon Oct 20, 2014 6:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Choosing Investments and Coordinating Debt Paydown
Replies: 25
Views: 925

Re: 2nd Opinions on Bond Alternatives?

Thanks everyone for the advice. Sounds like I will stay away and stick with my bonds. The whole reason I even considered is because I am maxing my Roth IRA out and already and contributing to my employer match (6% pre tax) on my 401k. That said, are there any redeeming qualities or appropriate plac...
by retiredjg
Mon Oct 20, 2014 6:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2nd Opinions on Bond Alternatives?
Replies: 25
Views: 1220

Re: Multiple Fake "Thank you for your order"?

It was just extra worrisome that these suddenly started coming in to almost unlinked email accounts. I can't imagine where I would have used both, as I don't use MegaEmployer email for any of the same purposes as I use any of the others. I could be one of those viruses that sends an email to everyb...
by retiredjg
Mon Oct 20, 2014 6:18 pm
 
Forum: Personal Consumer Issues
Topic: Multiple Fake "Thank you for your order"?
Replies: 21
Views: 1387

Re: Solo 401k with after-tax contribution option

After-tax 401(k) is a type of deferred 401k subaccount, with different rules from traditional and Roth 401k accounts. They are typically used in strategies to rollover money to Roth IRAs far in excess of normal contribution limits. I'm not sure what the word "deferred" means here. I wonde...
by retiredjg
Mon Oct 20, 2014 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo 401k with after-tax contribution option
Replies: 8
Views: 318

Re: Solo 401k with after-tax contribution option

With a Solo 401k, you can defer taxes on $17,500 as the employee, but doesn't the employer (also you) get a tax benefit by filling up the rest of the $52k? Maybe that is why you haven't found one with an after-tax sub account?

Where have you checked?
by retiredjg
Mon Oct 20, 2014 6:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo 401k with after-tax contribution option
Replies: 8
Views: 318

Re: 2nd Opinions on Bond Alternatives?

Just say no.

It is not in your best interest. It is in their best interests. They make money convincing people to buy this stuff.
by retiredjg
Mon Oct 20, 2014 6:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2nd Opinions on Bond Alternatives?
Replies: 25
Views: 1220

Re: Help Choosing Investments and Coordinating Debt Paydown

I'm with you, at least in theory, for a spend thrift or someone with no impulse control. You are absolutely right that it would not solve the problem and would likely lead to the loss of the home. I think these people have already realized the error of their ways (not cutting back when one went back...
by retiredjg
Mon Oct 20, 2014 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Choosing Investments and Coordinating Debt Paydown
Replies: 25
Views: 925

Re: Personal Investment Decision

Well I have this money that I want to invest sitting in a fidelity account. So maybe I should buy the spartan index funds rather than going vanguard? Absolutely. Buying Vanguard at Fidelity requires a transaction fee for every purchase and possibly every sale. This is not smart. The Spartan funds a...
by retiredjg
Mon Oct 20, 2014 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal Investment Decision
Replies: 11
Views: 953

Re: Help Choosing Investments and Coordinating Debt Paydown

Personally, I wouldn't refinance the car loan or take out any additional debt. Honestly, the thought of refinancing a car loan makes me cringe. I think going forward you need to ingrain this in both of your heads and make a commitment to not run up any additional debt of any kind. Even if you think...
by retiredjg
Mon Oct 20, 2014 5:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Choosing Investments and Coordinating Debt Paydown
Replies: 25
Views: 925

Re: Personal Investment Decision

I think you've got the cart before the horse here. You are looking for funds before you have a plan. That's backwards. You have money, apparently in a taxable account, to invest. You also seem to be considering a Roth IRA at Fidelity. But you have not mentioned the most important thing - a 401k or s...
by retiredjg
Mon Oct 20, 2014 5:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal Investment Decision
Replies: 11
Views: 953

Re: Please help with asset allocation and investments.

Not sure what to think about what the X-ray told you. I entered it into Instant X Ray. You don't get nearly as much information, but it did not show any tilt to value. I didn't see any overweighting of emerging markets (Australia and Asia). Something does not seem right to me. Morningstar did not se...
by retiredjg
Mon Oct 20, 2014 4:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help with asset allocation and investments.
Replies: 24
Views: 1735

Re: Portfolio Strategy Suggestions? (Transamerica, TSP, 529?

Mr. Frog, not everything that people call a rollover is a rollover. As mentioned above, a trustee to trustee transfer is not counted as a rollover even though people call it a rollover. That's my understanding anyway.
by retiredjg
Mon Oct 20, 2014 1:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Strategy Suggestions? (Transamerica, TSP, 529?s)
Replies: 9
Views: 605

Re: Please help with asset allocation and investments.

You were correct in realizing that what morningstar said didn't apply to what you thought you entered. Did fixing the typo give you more expected results?
by retiredjg
Mon Oct 20, 2014 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help with asset allocation and investments.
Replies: 24
Views: 1735

Re: The Mega Backdoor Roth IRA

by retiredjg
Mon Oct 20, 2014 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 171
Views: 24832

Re: Buying a house without a realtor

This has sort of been intimated, but I don't think it has been stated. If the seller has an agent, the cost will be 6% (or the local rate) even if you don't have an agent. It just all of that 6% goes to the seller's agent. As mentioned above, this can be negotiated, often to both the buyer and selle...
by retiredjg
Mon Oct 20, 2014 11:28 am
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 41
Views: 2358

Re: The Mega Backdoor Roth IRA

By contrast, I made some Roth contributions to my 401K. It is not there when I try to configure it for Roll over. The reason is that I need to have it there for 5 years before I can roll it over. That may not be the reason. Your Roth 401k is part of your "elective deferrals". You can't ro...
by retiredjg
Mon Oct 20, 2014 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 171
Views: 24832

Re: Help Choosing Investments and Coordinating Debt Paydown

I think your home equity idea is a good one with some caveats. 1) You don't indicate that the remaining CC payments will go up in your second example. Once the first CCs are paid off, take all the money that you have been using for debt and apply it all to the remaining CCs (other than the $280 that...
by retiredjg
Mon Oct 20, 2014 8:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Help Choosing Investments and Coordinating Debt Paydown
Replies: 25
Views: 925

Re: The Mega Backdoor Roth IRA

What is this feature called, so that I can ask my 401k plan administrator about it? After-tax contributions? The official name is "employee contributions". I know that sounds like the $17,500 you contribute, but the official name for that is "elective deferrals" and technically ...
by retiredjg
Mon Oct 20, 2014 7:48 am
 
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 171
Views: 24832

Re: Benefits to a larger than necessary house (as children g

Imagine being the parent who is trying to keep up with kids in 6000 square feet....
by retiredjg
Sun Oct 19, 2014 10:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Benefits to a larger than necessary house (as children grow)
Replies: 20
Views: 1945

Re: New investor, suggestions for 401k Rollover and Roth IRA

Spartan funds at Fidelity and Vanguard funds at Vanguard is a very good idea.

I would not move the IRAs to Fido. Vanguard has a more complete international fund than Fidelity and a few other options that some people like.
by retiredjg
Sun Oct 19, 2014 10:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor, suggestions for 401k Rollover and Roth IRA?
Replies: 7
Views: 348

Re: Portfolio Strategy Suggestions? (Transamerica, TSP, 529?

Never close the TSP account. As long as it's open, you can transfer to and from it. From it? The TSP has somewhat limited options regarding distributions. I'm not sure what you meant, but it would be easy for someone to misunderstand and think you can take money out sort of any time you want. It is...
by retiredjg
Sun Oct 19, 2014 10:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Strategy Suggestions? (Transamerica, TSP, 529?s)
Replies: 9
Views: 605

Re: Buying a house without a realtor

1. Arrange a viewing. 2. Hire an inspector (or a bunch of specialty inspectors). 3. Hire an apraisor. 4. Make an offer. 5. Hire a real estate attorney to look over the offer. 6. Work with the title company to transfer the title. Is my understanding correct? Am I missing something? Honestly, I haven...
by retiredjg
Sun Oct 19, 2014 6:33 pm
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 41
Views: 2358

Re: Help Choosing Investments and Coordinating Debt Paydown

Sorry, I did indeed forget to mention the interest on the student loans. Here is a spreadsheet with the breakdown, as they are at many different rates: https://www.dropbox.com/s/1dgshn0ewn6yv8u/StudentLoans.xlsx?dl=0 In that case, you need to forget about Roth IRA for what will seem like forever. D...
by retiredjg
Sun Oct 19, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Choosing Investments and Coordinating Debt Paydown
Replies: 25
Views: 925

Re: New investor, suggestions for 401k Rollover and Roth IRA

I think what you have is fine for now. When you find out what is available in your new 401k, there might be a better approach. As for what is available in your new 401k at Fidelity....will have have to pay a transaction fee to buy Vanguard mutual funds? Or will there be a fee to use a "brokerag...
by retiredjg
Sun Oct 19, 2014 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor, suggestions for 401k Rollover and Roth IRA?
Replies: 7
Views: 348

Re: Help Choosing Investments and Coordinating Debt Paydown

First, you need an emergency fund. Even if it is only $1k or $2k. Second, contribute enough to the plans at work to get the match. No more. Don't even consider Roth IRA until all of the credit card debt is paid and probably all or most of the student loan is paid (depends on interest rate). Credit c...
by retiredjg
Sun Oct 19, 2014 4:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Choosing Investments and Coordinating Debt Paydown
Replies: 25
Views: 925

Re: Benefits to a larger than necessary house (as children g

I had a home once with 5 BR, 3 full baths, 2 kitchens, LR, and family room....all in 2600 square feet. So I'm wondering just how all the space is being used in your 4000 square foot home. Something just doesn't doesn't add up. Like the previous poster, I'm wondering why you can't just close off anot...
by retiredjg
Sun Oct 19, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Benefits to a larger than necessary house (as children grow)
Replies: 20
Views: 1945

Re: New investor, suggestions for 401k Rollover and Roth IRA

I will know once my 401k account has been setup at Fidelity. Currently waiting on HR benefits system to update. It will likely be open to most funds including those outside of Vanguard. Didn't you just say above that you can only invest in Vanguard mutual funds? Are you trying to make a distinction...
by retiredjg
Sun Oct 19, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor, suggestions for 401k Rollover and Roth IRA?
Replies: 7
Views: 348

Re: New investor, suggestions for 401k Rollover and Roth IRA

It's unclear what is available to you in your new 401k. Everything at Vanguard?
by retiredjg
Sun Oct 19, 2014 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor, suggestions for 401k Rollover and Roth IRA?
Replies: 7
Views: 348

Re: Marginal Tax Rate Question/Confusion

So the tax rates for many families may go 15%-25%-30%-25-28% plus state tax. Yup, although for families with four children the child tax credit phaseout may eliminate the 25% marginal rate altogether, and moreover it can overlap with the American Opportunity Tax Credit phaseout (not for the same ch...
by retiredjg
Sun Oct 19, 2014 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Marginal Tax Rate Question/Confusion
Replies: 16
Views: 1081

Re: Three Portfolio Small Vs. Large Breakdown

Morningstar shows this:

21 22 21 large

7 7 8 mid

5 4 4 small

Morningstar uses different criteria for large mid and small, but that may give you an idea.
by retiredjg
Sun Oct 19, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Three Portfolio Small Vs. Large Breakdown
Replies: 2
Views: 273

Re: First investment strategy meeting with new FA, $6M trust

I had heard the same thing about Morningstar's tax cost ratios. I can't find the tax cost ratios at Vanguard. I did look at the "Price and Performance" tabs at Vanguard, and think that retiredjg's figures for tax cost look right. (I am surprised too.) You're right. I was looking at tax co...
by retiredjg
Sun Oct 19, 2014 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4453

Re: First investment strategy meeting with new FA, $6M trust

Per Morningstar Vanguard International Value Fund (VTRIX) (managed fund) has a turnover rate of 52% (as high or higher than what you listed for about half of the 23 funds suggested by your FA), and turnover potentially produces tax liability. That fund has a tax cost ratio of 0.75% per Morningstar,...
by retiredjg
Sun Oct 19, 2014 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4453

Re: First investment strategy meeting with new FA, $6M trust

When the money comes to you, will you be taxed in the way the money is generated? Or as ordinary income? For example, if money is generated as qualified dividends, do you pay tax on that like qualified dividends or will you pay tax as if it is ordinary income? By the way, this could be another reaso...
by retiredjg
Sun Oct 19, 2014 8:26 am
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4453

Re: "I've had it" at work - how often

I worked as an employee or a volunteer in some fields that had a fair number of those days. It just came with the territory. However, I would never have considered doing anything else. There came a time, though, when getting away from it all was pretty important. I was lucky to have one boss who und...
by retiredjg
Sat Oct 18, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 117
Views: 8917

Re: First investment strategy meeting with new FA, $6M trust

The bond choices boil down to how the trusts are taxed. In a higher tax situation, you'd want tax-exempt bonds (or CDs or I Bonds). In a lower tax situation, taxable bonds would be OK. You want something of an intermediate term noting that some "long term" state munis seem to be closer to ...
by retiredjg
Sat Oct 18, 2014 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4453

Re: First investment strategy meeting with new FA, $6M trust

If interested in slicing and tilting you might want to review Trev's thread: http://www.bogleheads.org/forum/viewtopic.php?t=38374 I'm thinking this is something our poster might be happy with. When I mentioned it above, I didn't have time to look for the thread so I'm glad somebody went to the tro...
by retiredjg
Sat Oct 18, 2014 3:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4453

Re: Considering a more aggressive AA than age = bonds

nisiprius wrote:It is my belief that the financial profession attracts people who like financial risk. Be aware of the possibility that the people who are giving you advice are coming from a self-selected group of people with higher risk tolerance than average.

Interesting thought!
by retiredjg
Sat Oct 18, 2014 10:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering a more aggressive AA than age = bonds
Replies: 41
Views: 3241

Re: Employer Profit Sharing Plan - High Fees!

The plan is not a 401(k), but rather a Profit Sharing Plan. You receive the contribution from the employer regardless of if you contribute funds. I understand that part. But some people talk about Profit Sharing in addition to something like a 401k as if they are two parts of the same plan (employe...
by retiredjg
Sat Oct 18, 2014 10:01 am
 
Forum: Investing - Theory, News & General
Topic: Employer Profit Sharing Plan - High Fees!
Replies: 5
Views: 426

Re: Portfolio Strategy Suggestions? (Transamerica, TSP, 529?

I don't know what our marginal tax bracket is. Combined salary of $185K, married filing jointly. I'll see what I can find for specifics. Compare your taxable income (line 43 on form 1040) to the chart already provided by Duckie. Its really simple once you know what to do. You can find a similar cha...
by retiredjg
Sat Oct 18, 2014 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Strategy Suggestions? (Transamerica, TSP, 529?s)
Replies: 9
Views: 605

Re: Employer Profit Sharing Plan - High Fees!

If "rest of my career" is 5 years, I think you should use it. If "rest of my career" is 30 years....maybe not. http://www.bogleheads.org/wiki/401k : Even in a bad 401(k), you should contribute up to the company match. Choose the lowest-cost funds; many bad 401(k)'s have a few low...
by retiredjg
Sat Oct 18, 2014 8:59 am
 
Forum: Investing - Theory, News & General
Topic: Employer Profit Sharing Plan - High Fees!
Replies: 5
Views: 426

Re: First investment strategy meeting with new FA, $6M trust

I can always "reslice" it later if I feel I need to. Yes. But the whole point is that it might cost something. Why not wait till you have a sensible plan in mind so that you don't have to backtrack? I'll be the first to admit I don't know how trusts are taxed. Guess I need to go back to t...
by retiredjg
Fri Oct 17, 2014 5:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4453

Re: First investment strategy meeting with new FA, $6M trust

VWNAX Windsor II Admiral 25% <--probably a poor choice for taxable account (although I'm not knowledgeable on how a trust is taxed) VTMSX Tax-Managed Small-Cap Fund Admiral Shares 25% <--I thought you want to tilt to value? VNYTX New York Long-Term Tax-Exempt Fund Investor Shares 25% <--Maybe. Depe...
by retiredjg
Fri Oct 17, 2014 5:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4453

Re: Target Date Funds

Target date funds are an excellent way to do simple investing at low cost. Whether a target date fund fits will into your portfolio is a different matter. Sometimes it does not work well to have a target date fund in one account and individual funds in another account - because you might be forced t...
by retiredjg
Fri Oct 17, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Target Date Funds
Replies: 4
Views: 522

Re: First investment strategy meeting with new FA, $6M trust

Everybody that reads Merriman comes away with the thought that it is a great way to invest. But it's not simple. It's not easy. Some of it is not cheap. And it is not particularly tax efficient. And it is old style, not taking advantage of much improved international funds that now exist. If you wan...
by retiredjg
Fri Oct 17, 2014 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4453
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