Search found 5660 matches

by BL
Thu Sep 29, 2016 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Seen the light, need advice.
Replies: 18
Views: 1537

Re: Seen the light, need advice.

Suggest you do some recommended reading such as Boglehead's Guide to Investing. Here is another very quick free pdf read to get you a good head start: https://www.etf.com/docs/IfYouCan.pdf The funds you mentioned have a 3k minimum to get started, then small amounts can be added. Target Date funds ca...
by BL
Thu Sep 29, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard - tax lots
Replies: 14
Views: 984

Re: Vanguard - tax lots

From Forbes: But starting in 2012, your broker or fund company will submit a 1099-B form that spells out your cost basis and your gains and losses. Schwab has a detailed example of their new 1099-B tax form available online. Remember that this new requirement only affects shares purchased on or aft...
by BL
Thu Sep 29, 2016 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Sorry, but tell [me] what to do with my mortgage
Replies: 38
Views: 2294

Re: Sorry, but tell [me] what to do with my mortgage

Thanks for the responses, I really do appreciate them. To answer a couple questions. It's a 30 year note, Roth IRAs are fully funded, 401ks are not. Our income is growing pretty well right now, mostly due to a side business I started a couple years ago. I thought that money would be easily steered ...
by BL
Thu Sep 29, 2016 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Advisor choices [did my advisor invest wisely for me?]
Replies: 48
Views: 2756

Re: Advisor choices [did my advisor invest wisely for me?]

Something like Wellesley, 40% stock/60% bond, could be an all in one solution if it suits your needs. Just a possibility, not advising, and to show that something simple can also work when you want income/dividends. Edit: Buying a SPIA when you are 70 or older could be a reasonable choice. There is ...
by BL
Thu Sep 29, 2016 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Advisor choices [did my advisor invest wisely for me?]
Replies: 48
Views: 2756

Re: Advisor choices [did my advisor invest wisely for me?]

I doubt it, since you are not a Senior Citizen yet. Buyer beware! Unless he signed a statement that he is your fiduciary (I doubt it), you may be out of luck. The "suitability" standard is so low, it probably is not worth contacting your state commerce dept about, but I would check anyway....
by BL
Thu Sep 29, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: TSP to First Command
Replies: 18
Views: 768

Re: TSP to First Command

Ouch! Stay away from them! First, nothing I have heard of can beat TSP, not even Vanguard. Very low Expense Ratios, covers (almost) everything you ever need. Stay with it, contribute to it in traditional or Roth form, as much as you can. You can decide when you leave whether to leave it there, or mo...
by BL
Thu Sep 29, 2016 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard - tax lots
Replies: 14
Views: 984

Re: Vanguard - tax lots

- - -- On a separate note, wow do I have a lot of lots in just the last three years (mostly dividends). I can't imagine what it will look like in 20 years. So what are my options to clean this up? In 15% tax bracket, Tax Gain Harvest some lots at 0% and then: Repurchase when Vanguard allows-30 Days...
by BL
Wed Sep 28, 2016 5:00 pm
Forum: Investing - Theory, News & General
Topic: If you own Vanguard Total Stock Market, do you re-invest dividends?
Replies: 44
Views: 4178

Re: If you own Vanguard Total Stock Market, do you re-invest dividends?

BL, you mentioned being in the 0% Capital Gains area now and could sell some gains and pay no CG tax but you don't want to bother. After retirement and before taking SS I had an American Fund in taxable which was a mistake due to all the dividends and CG's thrown off each year and could tell, since...
by BL
Wed Sep 28, 2016 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is Private high school in the good school district worth investing?
Replies: 31
Views: 2110

Re: Is Private high school in the good school district worth investing?

Have you been among a group of private school teenagers? You might be surprised to learn that teens can be obnoxious (or not) anywhere.
by BL
Wed Sep 28, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth it to pay extra principal towards mortgage?
Replies: 15
Views: 2032

Re: Is it worth it to pay extra principal towards mortgage?

Suggest you figure out your capital gains/loss from the stocks. If you are in the 15% tax bracket (something under 100k in wages) whatever space you have under that is taxed at the 0% CG tax. If in 25% or higher bracket (including CG) it will be a 15% tax. Perhaps you could split between now and nex...
by BL
Wed Sep 28, 2016 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: I should probably have life insurance, right?
Replies: 18
Views: 1129

Re: I should probably have life insurance, right?

I assume it is $500k or 1 million 20-yr term. Would not go for shorter term, maybe consider longer. Check term4sale for other prices for comparison. Buy from a highly rated company ASAP. Maybe check with an independent insurance broker locally to find best price/ medical rating. Don't know anything ...
by BL
Wed Sep 28, 2016 12:58 pm
Forum: Investing - Theory, News & General
Topic: Christine's article today on RMD's...a question to bogleheads
Replies: 37
Views: 3280

Re: Christine's article today on RMD's...a question to bogleheads

Friar1610
I think you have it right with those circumstances.

I would rather leave the taxable with step-up than an IRA to descendants, myself.
by BL
Wed Sep 28, 2016 9:23 am
Forum: Investing - Theory, News & General
Topic: Christine's article today on RMD's...a question to bogleheads
Replies: 37
Views: 3280

Re: Christine's article today on RMD's...a question to bogleheads

3. As to the qualified charitable contibutions, my plan is to make my charitable contributions, to the extent possible, from the IRA. In my quick review my present IRA provider is not set up to do this. Fidelity appears to be set up to allow you to direct charitable contributions from an IRA. Vangu...
by BL
Wed Sep 28, 2016 9:07 am
Forum: Investing - Help with Personal Investments
Topic: determining roth contributions vs earnings
Replies: 5
Views: 343

Re: determining roth contributions vs earnings

Don't forget you would need to file the form 8606 with your taxes to determine whether any part of withdrawal requires tax or penalty. Take a good look at the form and instructions. From Investopedia: Section 3 is completed to report distributions from Roth IRAs. Completing this section allows an in...
by BL
Wed Sep 28, 2016 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Advisor choices [did my advisor invest wisely for me?]
Replies: 48
Views: 2756

Re: Advisor choices [did my advisor invest wisely for me?]

If it comes down to the advisor refusing to let you out without unreasonable fees, you may want to consult an attorney. It may give rise to an "unsuitability" claim - i.e. Advisor put you into unsuitable investments - which can be resolved through FINRA arbitration. Yes, at least if you a...
by BL
Tue Sep 27, 2016 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is my 457 a horrible choice given the options?
Replies: 9
Views: 650

Re: Is my 457 a horrible choice given the options?

Those are pretty bad. Is it a governmental 457? Only those can be rolled into an IRA when you resign so that is one way to find out if it is. Those are probably the only good 457.

Ask if there is also a 403b available. If so, they just might have something better.
by BL
Tue Sep 27, 2016 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: 29 years old, just beginning to invest, 38k salary.
Replies: 20
Views: 2634

Re: 29 years old, just beginning to invest, 38k salary.

With savers credit, is this the type of situation you may run into where you would have a traditional IRA, and a Roth IRA, so the TIRA gets me down in AGI just enough to make the next bracket? Yes, you could do this if it lowers total taxes. You could check with a tax program or even hold off until...
by BL
Tue Sep 27, 2016 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: (Another) Inheritance Question
Replies: 10
Views: 1029

Re: (Another) Inheritance Question

Absolutely do the backdoor Roth every year, with this money if needed. Be sure you fill 401k, even if you have to live off some of this money. Keep quiet about the inheritance, it really does change relationships and sets you up as a target for loans, scams, whatever. Be sure to keep 3-6 months emer...
by BL
Tue Sep 27, 2016 4:33 pm
Forum: Investing - Theory, News & General
Topic: If you own Vanguard Total Stock Market, do you re-invest dividends?
Replies: 44
Views: 4178

Re: If you own Vanguard Total Stock Market, do you re-invest dividends?

Yes, we reinvest for now in retirement. Also make about 24 deposits/year so lots of lots! No withdrawals. When/if that changes, may change to sending to checking account for spending or if in higher bracket, may change to enable tax loss harvesting. Since they are set to Specific Id, I would just ch...
by BL
Tue Sep 27, 2016 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: (Another) Inheritance Question
Replies: 10
Views: 1029

Re: (Another) Inheritance Question

Look up windfall in the Wiki to start with.

Should be no tax consequence except possibly for any Capital gains/interest from date of death.

You seem to have the right idea. Possibly start more conservative and adjust later if you decide that is the right thing to do.
by BL
Tue Sep 27, 2016 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Old employer moved 401k to IRA; I may exceed contribution limit
Replies: 3
Views: 358

Re: Old employer moved 401k to IRA; I may exceed contribution limit

A rollover should not affect contribution limit, but if doing Backdoor Roth there could be a tax problem to take care of. Have Vanguard pull it to them once you have the paperwork and know just where it is. You may have to stick with a Target date fund ($1k min.) in your new Rollover IRA if less tha...
by BL
Tue Sep 27, 2016 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor choices [did my advisor invest wisely for me?]
Replies: 48
Views: 2756

Re: Advisor choices [did my advisor invest wisely for me?]

How new? If you just bought annuity within cancellation period, dump it quick! Be sure he has no authority to do any transactions without your consent. Fire him ASAP! Turn off any re-investments. No idea how to get rid of REITs. Contact Vanguard about transferring what you can. Perhaps their annuity...
by BL
Tue Sep 27, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Young (22) -- Expenses down. Increasing Income tips?
Replies: 10
Views: 1184

Re: Young (22) -- Expenses down. Increasing Income tips?

Expect to be a bit disappointed sometimes when things move slowly and you think you can do better than the decision-makers. This, too, shall pass! The above advice is good: keep watching, learning, volunteering, and do enjoy life while you are at it. Decide on reasonable savings, then spend some of ...
by BL
Tue Sep 27, 2016 11:56 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) allocation for new Boglehead
Replies: 8
Views: 586

Re: 401(k) allocation for new Boglehead

If you don't have any tIRAs, or could roll them into 401ks, you could consider the Backdoor Roth (see Wiki) as a way to do Roth contributions. I would put required bonds in Roth. (You can start with something like a high bond % Target date Income fund if you only have $1000 to start, and perhaps cha...
by BL
Tue Sep 27, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: How it really feels to have investments during a bear market?
Replies: 71
Views: 4885

Re: How it really feels to have investments during a bear market?

why3not and Independent George above seem to have some real-life memories of those days. It is easy to sort of forget now even if it was really bad then. Try to Google some late 2008 to early-'09 threads to get a real feeling. I tried "Plan B" which gave me some. Someone recently started a...
by BL
Tue Sep 27, 2016 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Retirement planning advice for mom age 65
Replies: 7
Views: 623

Re: Retirement planning advice for mom age 65

================================ Questions: 1. He's recommending withdrawal order: - EE Savings bonds - Retirement plans - Savings We meet later this week, curious as to how the sequencing is determined (why savings bonds first?). Any feedback on this sequence, or questions I should ask? Perhaps be...
by BL
Tue Sep 27, 2016 7:57 am
Forum: Investing - Help with Personal Investments
Topic: New to BogleHeads. Would like your thoughts on changing investment options in 401K per BogleHead way
Replies: 5
Views: 475

Re: New to BogleHeads. Would like your thoughts on changing investment options in 401K per BogleHead way

2. Asset Allocation Moderate:State Street Moderate Strategic Blalanced Fund - Class I The Fund seeks to offer a broad diversification and a disciplined rebalancing process by investing approximately 45% of the Fund’s assets in U.S. stocks, 45% in U.S. bonds, and 10% in international stocks. Expense...
by BL
Tue Sep 27, 2016 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Completed backdoor roth Jan 1 but income for year is low
Replies: 3
Views: 376

Re: Completed backdoor roth Jan 1 but income for year is low

I don't see any problem.

Looks like you need to wait until you are certain next time.
by BL
Tue Sep 27, 2016 7:35 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) allocation for new Boglehead
Replies: 8
Views: 586

Re: 401(k) allocation for new Boglehead

Currently I have 30% in the low expense Index Fund .11 ER , 25% in a Target Date fund 1.25+ ER , 15% in Small Cap Fund 1.25+ ER , 10% in Cash ? , 20% Bonds 1.25+ ER . If above is correct, stick with Index fund, and use required bonds in an IRA. Target date funds are generally used as a single fund,...
by BL
Mon Sep 26, 2016 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard QCD Checks [Qualified Charitable Distributions]
Replies: 38
Views: 2119

Re: Vanguard QCD Checks [Qualified Charitable Distributions]

how can you tell if the organization is qualified to receive QCD's? (A church? or a Food Bank?) Churches, probably other categories, and tax-exempt organizations under Section 501(c)(3), which means they are registered as such. You can look them up online to see if they are registered. You could as...
by BL
Mon Sep 26, 2016 10:47 am
Forum: Investing - Theory, News & General
Topic: Christine's article today on RMD's...a question to bogleheads
Replies: 37
Views: 3280

Re: Christine's article today on RMD's...a question to bogleheads

Not Taylor, but AFAIK, RMDs are satified by distributions from these annuities, so they can be disregarded as far as RMDs are concerned, except for paying tax on them as payments are received.
by BL
Sun Sep 25, 2016 9:36 pm
Forum: Investing - Theory, News & General
Topic: Financial planner: % of AUM plus commissions?
Replies: 21
Views: 1349

Re: Financial planner: % of AUM plus commissions?

Here is the link to the pdf: If you can. Read at least the last part: Hurdle #5. https://www.etf.com/docs/IfYouCan.pdf Wasting 1% on "advisor" and maybe 1% too much on ERs means you don't get much of your gains, or in times of loss, it is that much greater loss. Also that amount doesn't ge...
by BL
Sun Sep 25, 2016 6:42 pm
Forum: Investing - Theory, News & General
Topic: Financial planner: % of AUM plus commissions?
Replies: 21
Views: 1349

Re: Financial planner: % of AUM plus commissions?

Look up the link for " If You Can" in Wiki or Amazon and give to him for some basic info.

ERs are also very important and really count up over time. Costs matter. Look for index funds or all-in-one funds <0.3%.
by BL
Sun Sep 25, 2016 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: 29 years old, just beginning to invest, 38k salary.
Replies: 20
Views: 2634

Re: 29 years old, just beginning to invest, 38k salary.

Current Investment -------------------- Ticker | Gross ER | Net Expense Ratio MFS Lifetime 2050 ------100% --------- MFFPX -- 1.08% ---- 0.66% ----------------------------------------------------------------------------------------- This looks like a reasonable choice given your options. Many 401ks...
by BL
Sun Sep 25, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Recently found inheritance and how to proceed?
Replies: 16
Views: 2558

Re: Recently found inheritance and how to proceed?

I don't have any experience here, but from this link: http://www.jklasser.com/news/tax-basis-for-inherited-assets/ Jointly owned property. If you inherited property because you were a joint owner and were not married to your co-owner, then your tax basis typically is the entire value of the property...
by BL
Sat Sep 24, 2016 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Recently found inheritance and how to proceed?
Replies: 16
Views: 2558

Re: Recently found inheritance and how to proceed?

What a wonderful surprise! How nice of Grandpa to do this for his grandchildren. This sounds like a scavenger hunt with a great prize. I think she needs to find out the exact ownership on the original account, if at all possible. Perhaps she may need a tax professional or a tax attorney, but possibl...
by BL
Sat Sep 24, 2016 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: 29 years old, just beginning to invest, 38k salary.
Replies: 20
Views: 2634

Re: 29 years old, just beginning to invest, 38k salary.

IFACX This fund is C class, which means a deferred load of 1% if you sell, at least for the first year, to compensate for not charging a load up front. They also charge a higher ER, 1.35%, of which 1% 12b-1 fees are kickbacks to the broker/brokerage. By contrast, Vanguard's total index funds and sin...
by BL
Sat Sep 24, 2016 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: 29 years old, just beginning to invest, 38k salary.
Replies: 20
Views: 2634

Re: 29 years old, just beginning to invest, 38k salary.

You can look up Saver's Credit at IRS or other website. To get a 10% refund on $2k of savings in retirement accounts, your AGI income is $19,751-$30,500. (lower AGI than 19,751 means greater % refund). The more 401k and deductible trad. IRA you have, the lower your AGI becomes. The refund is non-ref...
by BL
Sat Sep 24, 2016 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired Police Sergeant 457(b) plan [Pennsylvania]
Replies: 14
Views: 1681

Re: Newly retired Police Sergeant 457(b) plan [Pennsylvania]

Suggest you try Taxcaster free tax estimator or a recent tax program to see how various plans might work. You may fall into situation where your SS tax won't be taxed until you add additional income, since you have non-taxable military pension. This means you will have extra taxes until you reach 85...
by BL
Sat Sep 24, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Facebook - stop getting some posts?
Replies: 4
Views: 443

Re: Facebook - stop getting some posts?

There should be a v on the right; click on that to get some choices such as hide or unfollow.
by BL
Fri Sep 23, 2016 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can adult child gift money back to parent?
Replies: 31
Views: 3456

Re: Can adult child gift money back to parent?

You don't mention if child has a spouse, but of course then you could double the gift without reporting consequences.
by BL
Fri Sep 23, 2016 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Investments
Replies: 20
Views: 1397

Re: HSA: Investments

I suggest you keep it simple. LARGE BLEND VIIIX VANGUARD INSTITUTIONAL INDEX INSTL PL 0.02% INTERMEDIATE-TERM BOND VBMPX VANGUARD TOTAL BOND MARKET IDX INSTLPLS 0.04% You could use this to pay you Medicare Part 2 costs for you and your spouse starting at age 65, for one expense example. Keep receipt...
by BL
Fri Sep 23, 2016 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement planning
Replies: 14
Views: 2418

Re: Retirement planning

You will have to decide what % bonds you want. Some conservative persons like the old "age in bonds" plan. Bonds could be CDs, intermediate or something like Vanguard's total bond index. If you have not been investing in equities, I suggest you start with a conservative allocation. Search ...
by BL
Fri Sep 23, 2016 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement options advice
Replies: 19
Views: 1896

Re: Retirement options advice

I believe you can invest 18k each in 403b and 457, assuming you have the funds. From CNNMoney: f your employer also offers a 401(k) or 403(b) plan, you can contribute to both the 457 and the other plan. Moreover, you can invest up to the maximum in each account. In 2016, the limits are $18,000 in ea...
by BL
Fri Sep 23, 2016 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax gain harvest to set up future tax loss harvest?
Replies: 14
Views: 618

Re: Tax gain harvest to set up future tax loss harvest?

Do you have your basis set to Specific ID so you can select what lots to sell for a loss? This would work for post-2011 covered lots.
by BL
Fri Sep 23, 2016 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 3422

Re: Cosigning a new car lease for sister out of state

Agree not to co-sign due to liablility, credit protection, and other problems. Just give or lend her some money to buy it if you can, but don't give them authority over things you can't control. If she has enough to buy a car, she has no need of this at all. She wants you to back her luxury, why? At...
by BL
Fri Sep 23, 2016 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Leaving Ameriprise for Vanguard - Tax Implications?
Replies: 11
Views: 1082

Re: Leaving Ameriprise for Vanguard - Tax Implications?

Just looked some more and found realized gains. Short term is -168 long term +2097 so overall 1928. So does that mean if I bail tomorrow I'd owe taxes on 1928 + the 4610 unrealized? PLUS long term capital gains on my overall profit of 25k? I think you've got it. You already owe the tax on your real...
by BL
Thu Sep 22, 2016 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly In-Laws' Allianz MasterDex Annuity maturing in two weeks - how do I get them out?
Replies: 7
Views: 553

Re: Elderly In-Laws' Allianz MasterDex Annuity maturing in two weeks - how do I get them out?

I believe the company is required to give you an "in-force-illustration" if you request it. This should give you guaranteed numbers for comparison. You can compare it to a SPIA at immediateAnnuities.com.
by BL
Thu Sep 22, 2016 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Is this IRA allocation for 30 yr old a good allocation?
Replies: 9
Views: 642

Re: Is this IRA allocation for 30 yr old a good allocation?

Fidelity has some good index funds, but you may have to look hard to find their Target date Freedom INDEX funds (not their expensive regular Freedom funds) or this great-sounding all in one fund: Fidelity® Four-in-One Index Fund FFNOX. If she is susceptible to suggestions for high-ER funds from &quo...
by BL
Thu Sep 22, 2016 1:34 am
Forum: Personal Consumer Issues
Topic: Book on Personal Finance/Budgeting for young adults
Replies: 14
Views: 992

Re: Book on Personal Finance/Budgeting for young adults

This one is free and online and a great place to start: https://www.etf.com/docs/IfYouCan.pdf +1 Amazon also sells a print edition as well as a Kindle edition if you prefer that for a gift. I've heard good things about this book but have not read it: The Index Card: Why Personal Finance Doesn’t Hav...

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