Search found 7004 matches

by BL
Thu Jul 27, 2017 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring IRAs from American Funds to Vanguard
Replies: 7
Views: 399

Re: Transferring IRAs from American Funds to Vanguard

Here is what I found on the Vanguard site:
Vanguard Brokerage doesn't charge additional fees for a purchase, sale, or exchange of any load fund offered through our program.


Perhaps verify that this includes funds that were transferred rather than purchased there.
by BL
Tue Jul 25, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Low cost Roth IRA contribution
Replies: 13
Views: 762

Re: Low cost Roth IRA contribution

Here is a great little pdf to get you started on investing and personal finance: https://www.etf.com/docs/IfYouCan.pdf Agree that Vanguard funds or ETFs would be a good start. I suggest a Target Date fund if you have $1k. If not, perhaps Total Stock Market ETF or S&P500 which has 80% of the stoc...
by BL
Tue Jul 25, 2017 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Investing Inheritance at age 24
Replies: 16
Views: 1458

Re: Investing Inheritance at age 24

Here is a great little pdf to help get you off to a good start. There are some valuable suggestions in it, whether or not you have some extra to invest. I would consider a Roth at Vanguard with the 80/20 Life Strategy Aggressive fund, but Dr. Bernstein suggests a more conservative approach which is ...
by BL
Sun Jul 23, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Retired and Lost :( Thrift Savings Plan Question
Replies: 9
Views: 1888

Re: Retired and Lost :( Thrift Savings Plan Question

You could move some to f? Bond fund. No rush to move to Vanguard.
by BL
Wed Jul 19, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund and taxes
Replies: 9
Views: 529

Re: Donor Advised Fund and taxes

You can also give via QCD in place of RMD.
No tax, no deduction.
by BL
Wed Jul 19, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: When should my wife and I take our social security?
Replies: 25
Views: 2747

Re: When should my wife and I take our social security?

I also suggest Mike Piper's book, Social Security made easy. since you don't depend on the income, you have the luxury of deciding whether you want to use longevity protection or break-even decision-making. Keep in mind that at least 15% of SS is tax-free, so 15% of a bigger number means more money ...
by BL
Wed Jul 19, 2017 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Parents Investment Help
Replies: 23
Views: 1098

Re: Parents Investment Help

They should at least be aware that the longer the higher-income spouse delays SS (up to age 70), the greater the COLA-enhanced SS annuity will be for the life of survivor. It would be like buying the best COLA annuity possible. If they don't have much experience investing, that is another reason to...
by BL
Wed Jul 19, 2017 7:11 am
Forum: Investing - Help with Personal Investments
Topic: Dementia: SSDI + Optimizing Investments
Replies: 8
Views: 896

Re: Dementia: SSDI + Optimizing Investments

She could buy a SPIA single premium immediate annuity (the only "good" annuity) with some of the life insurance money to have some guaranteed income for life. Otherwise a target date income fund or similar might work fine. Best to all of you. It is difficult. Is there a company with the b...
by BL
Wed Jul 19, 2017 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Dementia: SSDI + Optimizing Investments
Replies: 8
Views: 896

Re: Dementia: SSDI + Optimizing Investments

It looks like they are in the 15% tax bracket if all the income is SSDI and her earnings. Does he also get a pension? Only 0-85% of SS would be taxed, and they could earn about 93k AGI before getting into the 25% bracket, ~73k. Maybe he has income and maybe he is over 65. Medical costs could possibl...
by BL
Wed Jul 19, 2017 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Dementia: SSDI + Optimizing Investments
Replies: 8
Views: 896

Re: Dementia: SSDI + Optimizing Investments

You might look for Mike Piper's updated book, Social Security made easy and/or search for his comments on SS here. AFAIK, widows can start collecting a permanently reduced survivor's SS at age 60, but full amount would be waiting until FRA. They also have the option to collect their own at 62, and s...
by BL
Tue Jul 18, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Parents Investment Help
Replies: 23
Views: 1098

Re: Parents Investment Help

They should at least be aware that the longer the higher-income spouse delays SS (up to age 70), the greater the COLA-enhanced SS annuity will be for the life of survivor. It would be like buying the best COLA annuity possible. If they don't have much experience investing, that is another reason to ...
by BL
Tue Jul 18, 2017 6:11 pm
Forum: Investing - Theory, News & General
Topic: Expense Ratios, how high is too high
Replies: 72
Views: 4016

Re: Expense Ratios, how high is too high

You may have little choice in a 401k (try to get low ERs). There is no excuse for high ERs in an IRA. Vanguard has balanced funds like Target Date, Life Strategy, Balanced fund, and some active funds where you may pay a little more (still under 0.2-0.3%) but you can average ~0.1% on the 3 fund portf...
by BL
Tue Jul 18, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Eliminate 0% CC balance?
Replies: 30
Views: 2185

Re: Eliminate 0% CC balance?

You are not making much on money you need in a year, so could just as well pay it off if you are able.
by BL
Tue Jul 18, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Investing, Saving, Debt reduction
Replies: 26
Views: 2018

Re: Advice Needed - Investing, Saving, Debt reduction

From Jimb So …. IMO, continue to contribute the max allowed to the 401(k) ; Do the HSA s and 529s to the amount you feel appropriate; Max the Roth IRAs while you can; Have adequate disability insurance and (term)* life insurance to protect you and your family; Have cash reserves for emergencies to c...
by BL
Tue Jul 18, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: anybody dabble in venture capital?
Replies: 24
Views: 1826

Re: anybody dabble in venture capital?

From Wikipedia: The ostensible purpose of the status designation is to protect potential investors from risk. The assumption underlying accreditation is that individuals or organizations who qualify will have sufficient financial sophistication to understand and take on the risks associated with cer...
by BL
Tue Jul 18, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Need investing advice
Replies: 21
Views: 1498

Re: Need investing advice

Here is enough investing advice to get you started: https://www.etf.com/docs/IfYouCan.pdf The Boglehead's Guide to Investing and Getting Started in the Wiki will give you a great way to get going once you have a job. Here is a list of funds for the 3-fund portfolio: https://www.bogleheads.org/wiki/T...
by BL
Tue Jul 18, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 47
Views: 2499

Re: new to investing...[a little] help please?

Yes, 0.07 is a lot less than -----1.43 The third digit is not so important (hundredth of a %); (0.01 to 0.09 doesn't matter much until you have a million $) The digit after the decimal is pretty important (tenth of a %), but Having a digit before the decimal is extremely important (%), even for rela...
by BL
Mon Jul 17, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation - Am I Doing It Right? (Individual vs Joint Figures)
Replies: 16
Views: 1600

Re: Net Worth Calculation - Am I Doing It Right? (Individual vs Joint Figures)

Why is net worth info needed to buy term life insurance? I would not provide that. None of their business. +1 Sounds like one of the individual big companies that have salesmen who want to sell you whole life or annuities either now or later. Are you applying for several million in insurance? Have ...
by BL
Mon Jul 17, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Basic Question on I bonds
Replies: 11
Views: 1107

Re: Basic Question on I bonds

You can cash in I-Bonds after 1 year, but you must give up 3 months interest unless you have held them for 5 years. As mentioned, the rate changes every 6 months from the month you purchased them.
by BL
Sun Jul 16, 2017 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my Moms IRA, age 70 with 90% stocks
Replies: 21
Views: 1710

Re: Help with my Moms IRA, age 70 with 90% stocks

I might consider a Target retirement Income fund, 70% bonds as a set-and-forget fund. at least for the IRA. Maybe just 30% total stock market in taxable, and the rest in CDs or bonds (muni bonds if in 25+% tax bracket). Maybe check Ally online bank for savings rate and CD rates. Did she just lose he...
by BL
Sun Jul 16, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Need Advice on What to do
Replies: 6
Views: 852

Re: Need Advice on What to do

One idea is to keep emergency money in safe accessible place and also keep money needed in about 5 years in CDs or higher interest savings/money market. Have you checked online banks and credit unions for higher FDIC guaranteed safety and higher rates? I hear Ally mentioned here quite a bit. Also th...
by BL
Sun Jul 16, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains question
Replies: 2
Views: 271

Re: Capital gains question

If you have everything in there, you would have a good approximation. I suggest you get a tax program and try it out. With kids there are various credits like dependent care, child tax credits, for some there are earned income, additional child tax credits, etc., that can be forgotten or may have ch...
by BL
Sun Jul 16, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Suspending social security & 10-year age gap strategy
Replies: 4
Views: 644

Re: Suspending social security & 10-year age gap strategy

You might check SOCIAL SECURITY MADE SIMPLE Book by Mike Piper to get the up-to-date facts on SS with changes in '15-'16. I think it is possible to suspend at FRA to get the increase until age 70. Not sure what the starting point is now. There is value in increasing survivor benefits, assuming they ...
by BL
Sun Jul 16, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Transferred Roth from NWM to Fidelity, now what?
Replies: 14
Views: 796

Re: Transferred Roth from NWM to Fidelity, now what?

Yes, you should follow Asking Portfolio Questions and list what you have and all available funds, their tickers, and their ERs in 401k or elsewhere. It will give you and us a much better picture of where you are and what is best going forward. We generally look for low-ER INDEX funds if available. H...
by BL
Sun Jul 16, 2017 7:58 am
Forum: Investing - Theory, News & General
Topic: Taxes Due When Converting International to US Stock Fund?
Replies: 13
Views: 873

Re: Taxes Due When Converting International to US Stock Fund?

Hello! Thank you all for your comments. This is a taxable account. I have not identified the tax situation for converting to a US stock fund. I've had the Vanguard funds for years, so. since taxes will be owed, I'll evaluate the tax consequences carefully before performing any fund transfers. Thank...
by BL
Sun Jul 16, 2017 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1344

Re: Elderly Grandparent's investment allocation

I would have little if any of her money in equities or even bond funds. I would favor a combination of high yield savings and CDs. Ally offers a no penalty CD I believe it is 1.5% and Savings above 1%. You can check depositaccounts.com for banks/credit unions offerings and promotions. I would be co...
by BL
Sat Jul 15, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Grandparent's investment allocation
Replies: 18
Views: 1344

Re: Elderly Grandparent's investment allocation

Will costs increase when/if nursing home type expenses occur? That could affect needed income.
by BL
Sat Jul 15, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Rent in safer neighborhood or buy in less safe one?
Replies: 67
Views: 4351

Re: Rent in safer neighborhood or buy in less safe one?

I would not buy in a dangerous area. Besides your family's safety, the value may also drop there.

Could you stop any 401k except the match and save all you can for a down payment?
by BL
Sat Jul 15, 2017 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: 2017 RMD Timing
Replies: 33
Views: 2372

Re: 2017 RMD Timing

I don't disagree with most of the suggestions. However I keep in mind that if I die in December and haven't completed the RMD, it doesn't leave much time for heirs to take my RMD and it could get forgotten. So it may simplify things for heirs to have it done earlier in the year. I don't think it is ...
by BL
Sat Jul 15, 2017 8:04 am
Forum: Personal Consumer Issues
Topic: Cheap eggs... how bad?
Replies: 82
Views: 6273

Re: Cheap eggs... how bad?

So right now the farmers are losing money on eggs. The markets go up and down in farming, not unlike the stock market. Sometimes you make money, sometimes you lose, but you hope you make enough to sustain you in the bad years. Also agree that there is loss leaders, and competition for low prices, so...
by BL
Sat Jul 15, 2017 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Does pension change allocation of funds?
Replies: 30
Views: 2108

Re: Does pension change allocation of funds?

If you are thinking of going less than 15% in bonds at age 46, I would suggest you are already quite aggressive and should be considering whether or not to go higher in bonds. As mentioned you don't have much of that pension built up yet, so you can't be sure of the future. We have been in a great b...
by BL
Sat Jul 15, 2017 6:49 am
Forum: Investing - Theory, News & General
Topic: Taxes Due When Converting International to US Stock Fund?
Replies: 13
Views: 873

Re: Taxes Due When Converting International to US Stock Fund?

Unless it is in some kind of IRA, Roth IRA, 401k, etc. (and the money stays in the account), it is taxable for the year you sell it. Depending on your tax bracket, it can be taxed at 0%, 15%, or in high incomes, a bit higher. Do you know your tax bracket? It would be a good idea to find out the Capi...
by BL
Fri Jul 14, 2017 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities - clueless
Replies: 16
Views: 1600

Re: Annuities - clueless

Not exactly what you asked, but delaying SS until age 70 is buying the best COLA-enhanced annuity available. I believe that the years after FRA increase by 8% a year and the earlier years also increase substantially. So if you have enough savings to live on in IRAs, etc., it may pay to wait. Beyond ...
by BL
Fri Jul 14, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Temp Whole life insurance for uninsurable person
Replies: 10
Views: 698

Re: Temp Whole life insurance for uninsurable person

Does he have someone who depends on his income (children, spouse, etc.)? If not, I don't see the need. If true, then the need has probably been their for a while, so he should have done it earlier. If this place is extraordinarily dangerous, then it may be wise to postpone/cancel the trip. What does...
by BL
Fri Jul 14, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Fees, back-end loads, sales charges.....
Replies: 13
Views: 648

Re: Fees, back-end loads, sales charges.....

Maybe leave a Boglehead's Guide to Investment (or Retirement, depending on their age) or Jane Bryant Quinn book laying on your coffee table. You could even tab or highlight some pages.

That's about as far as I would go, until they ask questions. Then you can tell them what you do or have.
by BL
Fri Jul 14, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Is new car replacement insurance worth it?
Replies: 33
Views: 1997

Re: Is new car replacement insurance worth it?

I would think about it this way: She brought a free $45,000 car to the relationship. Let her have her fancy insurance. +1 Sounds like pretty cheap payments for a fancy car! You will have plenty of personal finance decisions to worry about; this is not one of them. I assume she is working and that y...
by BL
Thu Jul 13, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Helping a friend transfer from EJ
Replies: 5
Views: 544

Re: Helping a friend transfer from EJ

I believe that Vanguard can ask them to liquidate and transfer the funds in one step. That is what we did with a Roth IRA which was in one fund. No clue what EJ charges to sell off funds but that is what I would do. Yes there will be a fee to close the account as well.
by BL
Thu Jul 13, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Time to tax-gain harvest, and getting it right?
Replies: 12
Views: 793

Re: Time to tax-gain harvest, and getting it right?

You do realize you can have some Roth and some traditional TSP, right? At least consider it if your income gets you out of the saver's credit. Paying a little tax now for some extra tax-free growth in the future shouldn't be too bad. Your first 18,550 is taxed at 10% and the next at 15%. If you boug...
by BL
Thu Jul 13, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: seeking advice, in retirement now
Replies: 47
Views: 10696

Re: seeking advice, in retirement now

A muni would not directly count toward AGI, as it goes on line 8b on the 1040 tax form, but it could make more SS taxable if she is not paying tax on 85% of her SS already as it is used in the Modified AGI for calculating taxable part of SS. This might be a reason to stick with just Total Stock Mark...
by BL
Wed Jul 12, 2017 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-smart switch from active (with high fees) to passive
Replies: 4
Views: 328

Re: Tax-smart switch from active (with high fees) to passive

If you are still contributing to that Roth 403b, you could switch to traditional to cut taxes a bit.
by BL
Wed Jul 12, 2017 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover after-tax funds in an IRA to a Roth IRA?
Replies: 9
Views: 522

Re: Rollover after-tax funds in an IRA to a Roth IRA?

Some are able to roll pre-tax into work 401k and then convert the rest.
by BL
Wed Jul 12, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: I am selling my wellington buying Total stock market and Total bond. Is this the best bond fund for a taxable account?
Replies: 34
Views: 3170

Re: I am selling my wellington buying Total stock market and Total bond. Is this the best bond fund for a taxable accoun

I am not sure there is much of a tax advantage if selling Wellington and buying 40% taxable Total Bond Market & 60% TSM. The bonds should be somewhat equivalent. However, I am not sure how much Capital Gains are distributed by W; I know TSM hasn't been giving any CGs for a good while. Putting it...
by BL
Wed Jul 12, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Recent inheritance + mix of retirement funds + 5 years from retirement = confusion
Replies: 16
Views: 1714

Re: Recent inheritance + mix of retirement funds + 5 years from retirement = confusion

Yes, they are long-term if inherited so you don't need to wait. The sooner sold the better. I would look up the gains, just to know what they are and what CG tax will be owed.
by BL
Wed Jul 12, 2017 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: another American Funds question
Replies: 5
Views: 440

Re: another American Funds question

Yes, no tax on transferring IRAs. Fees broker gets are load, annual fee (35/yr) and about 0.25%/year 12b-1 kickback out of the ER (you don't see it listed). They have to make their money one way or another. Perhaps they will charge more visable fees up front soon to meet the so-called fiduciary laws...
by BL
Wed Jul 12, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Recent inheritance + mix of retirement funds + 5 years from retirement = confusion
Replies: 16
Views: 1714

Re: Recent inheritance + mix of retirement funds + 5 years from retirement = confusion

First, there is no hurry with most of this, so take your time to think, read, and figure it out first. Then do it step-by-step. I can see that simplification would be a great help, but there is no rush. Do some reading in our Wiki on Getting Started, Backdoor Roth, 3-fund portfolio, ... Link to Ama...
by BL
Wed Jul 12, 2017 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Making the jump from Edward Jones
Replies: 41
Views: 3393

Re: Making the jump from Edward Jones

I would suggest printing out any statements from EJ while you can still access them, for your own information, in case you don't get them in paper. It shouldn't matter to you whether they leave a few cents or not.

Congratulations for getting out!
by BL
Wed Jul 12, 2017 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question [Misc Income]
Replies: 3
Views: 287

Re: Tax Question [Misc Income]

If you get a 1099, you may have to deal with it as it would have been reported to the IRS.
by BL
Wed Jul 12, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Is there anything wrong with buying VTTSX in a brokerage account?
Replies: 35
Views: 1784

Re: Is there anything wrong with buying VTTSX in a brokerage account?

You shouldn't even be putting anything in taxable account for retirement purposes until you have filled the Roth IRA (5500 if you earn at least that at work) and a 401k if available.
by BL
Wed Jul 12, 2017 1:11 am
Forum: Investing - Help with Personal Investments
Topic: Really new with investing money and need help
Replies: 13
Views: 579

Re: Really new with investing money and need help

It sounds to me like you might consider a Vanguard PAS to handle your money (50,000 minimum) at 0.3%/year while you figure things out; then you can decide whether to do it yourself or not. They would put you into low-cost index funds that might cost 0.04 to 0.20% ER/year. Other companies would charg...

Go to advanced search