Search found 5042 matches

by BL
Thu May 05, 2016 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: 57, widowed, looking for best path to invest windfall
Replies: 18
Views: 2178

Re: 57, widowed, looking for best path to invest windfall

Yes, the type of traditional IRA is important. Was it her spouse's? Has it had its title changed yet? If totally changed to her name, she has to wait until 59 1/2 AFAIK to do normal withdrawals. If it is considered an inherited IRA, she may be able (required) to start withdrawing now/soon. It seems ...
by BL
Thu May 05, 2016 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Was VTIVX a good choice?
Replies: 5
Views: 255

Re: Was VTIVX a good choice?

2030 is 20% bonds. A nearer date is still more. Choose what you want.
by BL
Thu May 05, 2016 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: 26 y/o with ~$175,000 inheritence
Replies: 2
Views: 332

Re: 26 y/o with ~$175,000 inheritence

3) Rent with my girlfriend for another three or so years with income from job, and invest the $150k elsewhere (retirement/securities/index funds).

Smart move, except save a down payment in safe money like CDs.
Also use enough if needed to put 18k into 401k and 5.5k into Roth IRA.
by BL
Thu May 05, 2016 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: 57, widowed, looking for best path to invest windfall
Replies: 18
Views: 2178

Re: 57, widowed, looking for best path to invest windfall

My recommendation is to put the proceeds of the life insurance into a short term Treasury Fund at Vanguard for six months. Or you could take the money to a bank that participates in the CDARS program where the money is managed at one bank but with the amounts over the FDIC Insurance limit actually ...
by BL
Thu May 05, 2016 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: How to spend a windfall/inheritance. Help please.
Replies: 3
Views: 319

Re: How to spend a windfall/inheritance. Help please.

Just my suggestions: increase emergency funds with baby coming set aside money for car use part of money to live on while investing 401ks to max, especially if they offer Roth 401k. You can then plan to switch to traditional 401k when higher income. If you plan to buy a home within 5 years, consider...
by BL
Thu May 05, 2016 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Investor.. Sorting thru 401k and Roth allocations
Replies: 5
Views: 350

Re: Beginner Investor.. Sorting thru 401k and Roth allocations

Here is a nice pdf to get you started: https://www.etf.com/docs/IfYouCan.pdf I would hang onto first 401k if possible as it has the low-ER S&P500 fund, and maybe others. The Washington Mutual doesn't sound too bad, mostly large cap, I believe. The Dreyfus Bond Market Index Fund looks like the be...
by BL
Thu May 05, 2016 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement -What to do with my MANAGED Funds
Replies: 6
Views: 837

Re: Early Retirement -What to do with my MANAGED Funds

I suggest you look up and print out the CG/CL for each of the funds. Hopefully they are all together on a page or two. The ones with losses or low or no gains can be marked for selling soon. If you have been paying quite a bit in taxes due to dividends and CGs, there may be a lot of them without muc...
by BL
Thu May 05, 2016 2:01 pm
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 35
Views: 2013

Re: Revealing Usernames

I'm wondering if there should be some warning (or a better warning) in the registration procedure? +1 I agree +2 I also agree. Both the user name and giving specific information can be a danger, so any short warning would be a service. I have cautioned people on identifiable information/name that c...
by BL
Wed May 04, 2016 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should my Mom take a large distribution from her IRA before I inherit it?
Replies: 21
Views: 1826

Re: Should my Mom take a large distribution from her IRA before I inherit it?

She has virtually no income besides SS and her RMD so I would assume that there would be less overall tax paid. SS + $100k income from either cashing it out or doing a Roth conversion would result in a pretty high single person tax. Roth conversions spread out over several years would have been the...
by BL
Wed May 04, 2016 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for investment input (mid-40's, dual high income)
Replies: 31
Views: 4366

Re: Looking for investment input (mid-40's, dual high income)

I think you may be trying too hard to be exact, when a nice rounded number would work about as well, with a nice rounded number, say 5%, to watch for to see if you need to rebalance, which shouldn't be necessary more than once a year or so, unless there is a market crash. Agree that using Target dat...
by BL
Wed May 04, 2016 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity or Vanguard
Replies: 76
Views: 4325

Re: Fidelity or Vanguard

Vanguard's main philosophy is low cost products for their customers. I believe the Fidelity has some low cost funds for the sole purpose of competing with Vanguard. I also believe the Fidelity would like to switch their customers to their higher cost products, given the opportunity. I prefer to rew...
by BL
Wed May 04, 2016 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Advice on 401k Rollover and General Investment Strategy
Replies: 9
Views: 687

Re: Advice on 401k Rollover and General Investment Strategy

OOps Indeed this is nowhere in your post. "Are you saying your total capital gains tax due is on 14k in growth, or is 14k?" I must have misremembered this from another post I had just and thought it was yours. My apologies :) A 3 or 4 fund strategy you manage yourself is fine and easy :) ...
by BL
Tue May 03, 2016 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Where to contribute next? Married, AGI too high for Roth
Replies: 4
Views: 557

Re: Where to contribute next? Married, AGI too high for Roth

A few thoughts I have... 1. Take the extra money and continue to pay down our house. I hate having such a big balance (house is worth low 700s)... 2. I could have her increase her 403B... My thought was once I maxed out my 401k and/or hit the FICA limit, I'd have her increase her 403B... Yes. 3. Wh...
by BL
Mon May 02, 2016 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on 401k Rollover and General Investment Strategy
Replies: 9
Views: 687

Re: Advice on 401k Rollover and General Investment Strategy

Yes, I paid plenty in capital gains and dividends last year. Are you saying there would be no capital gains with the Vanguard Stock Index Funds? If so, I am not sure I understand why. There have been no CG in the 10 or so years I have had the Total US stock market (Admiral: ER = 0.05% and no commis...
by BL
Mon May 02, 2016 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Married 31yo, funding retirement or cutting debts?
Replies: 24
Views: 1672

Re: Married 31yo, funding retirement or cutting debts?

You don't say what year the Target funds you have are, but most out-year ones are only 10% bonds. If that is what you want, you could stick with that and maybe add bonds to off-set your RSUs. That is a high rate on car payments, so pay it off when you can. You don't give ERs for the funds you have, ...
by BL
Mon May 02, 2016 7:33 am
Forum: Personal Consumer Issues
Topic: Medicare help!
Replies: 25
Views: 2040

Re: Medicare help!

Here is a starting point:
https://www.medicare.gov/
by BL
Mon May 02, 2016 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Student Loans vs. Retirement
Replies: 9
Views: 938

Re: Student Loans vs. Retirement

For your old 401k at Fidelity, consider switching to either the target INDEX funds linked here: https://thefinancebuff.com/fidelity-freedom-index-funds.html
or Spartan index funds.
by BL
Mon May 02, 2016 6:39 am
Forum: Investing - Help with Personal Investments
Topic: Advice on 401k Rollover and General Investment Strategy
Replies: 9
Views: 687

Re: Advice on 401k Rollover and General Investment Strategy

As an example, Here is a rough guide for a 60/40 investment: 45% Total Stock Market 15% Total International Stock Market 40% Total Bond Market (or other bonds. I don't specifically buy Int. bonds myself) So you would have a simple, diversified, low-ER portfolio. The only way you could compare with y...
by BL
Mon May 02, 2016 6:03 am
Forum: Investing - Help with Personal Investments
Topic: Problems with EJ (Is anyone surprised?) [Edward Jones]
Replies: 13
Views: 1539

Re: Problems with EJ (Is anyone surprised?)

Agree that you need to leave EJ. Decide where you want to be (Vanguard, Schwab, Fidelity, etc.) and have them initiate the transfer from EJ. They will tell you what paperwork you need and handle the transfer. You don't even need to talk to your "advisor". If you stick with low-ER index fun...
by BL
Mon May 02, 2016 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Potential Employer was excited to hire me! Then silence... What did I do?
Replies: 60
Views: 5714

Re: Potential Employer was excited to hire me! Then silence... What did I do?

In addition to above suggestions, go to https://www.annualcreditreport.com/ and get free reports from the 3 credit agencies. I don't know if they check those, but it seems like everybody does these days. Anyway, this will also let you know if there are errors or identity theft. You have identified o...
by BL
Mon May 02, 2016 5:15 am
Forum: Investing - Help with Personal Investments
Topic: Hitting an investment crossroads
Replies: 21
Views: 2716

Re: Hitting an investment crossroads

Thanks for everyone's thoughts. After looking at everyone's posts and doing a little research, this is what I am thinking about doing: 1) rolling my husband's rollover IRA into his current employer 401k so we can do a backdoor Roth from here on out 2) switching my 403b and 457 to traditional accoun...
by BL
Sun May 01, 2016 8:02 am
Forum: Investing - Help with Personal Investments
Topic: No Income - Convert some Traditional IRA money to Roth IRA?
Replies: 16
Views: 1310

Re: No Income - Convert some Traditional IRA money to Roth IRA?

Look for the requirements of filing Head of Household if you lived separately all year but had children with you. I found a summary of possible things to be aware of with MFS, although it may not be current with the latest tax law changes: http://taxmap.ntis.gov/taxmap/pub17/p17-013.htm
by BL
Sun May 01, 2016 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Investment Fee's [too high?]
Replies: 59
Views: 3564

Re: Investment Fee's [too high?]

The advisor/brokerage may very well be getting ~1% 12b-1 kickbacks from the ERs of the fund. Look up the ticker on Morningstar and check the fees/expense tab to find all the fees. This seems typical for Class C funds.
by BL
Sun May 01, 2016 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 30
Views: 3509

Re: Time to follow the Boglehead way?

The only thing is they do not provide financial advice. It's more of a self service. I would have to pick the fund line up, which I'm a little concerned about, although they do have examples. You'll want to provide low cost options across as many subgroups as possible. One total market index, one t...
by BL
Sun May 01, 2016 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Small Overpayment on Taxes?
Replies: 13
Views: 955

Re: Small Overpayment on Taxes?

By the way, you have up to 3 years to make this correction, AFAIK.
by BL
Sat Apr 30, 2016 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: House down payment source - 401K loan vs selling mutual funds
Replies: 20
Views: 1663

Re: House down payment source - 401K loan vs selling mutual funds

Have you considered selling ASAP so you will hopefully have the money in hand or nearly so at closing time? This may be the best time to sell. There is some inconvenience but many good things, too. Relying on investments to back up 401k loans has some risk, because if you lose your job due to a gene...
by BL
Sat Apr 30, 2016 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks in Taxable vs IRA calculator?
Replies: 12
Views: 678

Re: Stocks in Taxable vs IRA calculator?

I would also consider that bonds in tax-deferred accounts will slow the growth of those accounts which will be fully taxable when withdrawn.

Also the qualified dividends are taxed at a lower rate in taxable and taxed at regular rates in IRAs.
by BL
Sat Apr 30, 2016 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of being in extremely low tax bracket?
Replies: 8
Views: 597

Re: Taking advantage of being in extremely low tax bracket?

Thanks, that makes sense. Here is a quick to read pdf booklet by Dr. William Bernstein, recommended BH author, written just for newbies in investing: https://www.etf.com/docs/IfYouCan.pdf Enjoy! Even if you know it all, it is a good review. Bogleheads generally advise total markets as opposed to jus...
by BL
Sat Apr 30, 2016 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Retirement Strategy Conflict / Advice
Replies: 6
Views: 524

Re: Lump Sum Retirement Strategy Conflict / Advice

Is he drawing SS already? Otherwise, he could delay until FRA or age 70, live on cash, and thus have purchased a COLAd annuity (SS) from age 70 on.
by BL
Sat Apr 30, 2016 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of being in extremely low tax bracket?
Replies: 8
Views: 597

Re: Taking advantage of being in extremely low tax bracket?

Thanks for the mystery employment, unless you are military or out of country, and the mysterious fund which doesn't show up on Google!

I would sell it and buy something like Vanguard Total Stock Market while you are in 0% bracket for Capital Gains.
by BL
Sat Apr 30, 2016 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise Rava 5 Annuity
Replies: 7
Views: 402

Re: Ameriprise Rava 5 Annuity

Consider requesting an "In-Force Illustration" from the company with guaranteed numbers so you can see the actual numbers and use them to get help understanding what makes sense now. Your "advisor" salesman made a huge profit by selling you this product so no need to collect addi...
by BL
Sat Apr 30, 2016 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Hitting an investment crossroads
Replies: 21
Views: 2716

Re: Hitting an investment crossroads

I'm stuck as to where to go from here. We are maxing out my husband's 401k, my Roth 403b, my Roth 457, and contributing to our daughter's 529. We are doing a backdoor Roth for me. My husband has rollover IRA money, so we aren't doing a backdoor Roth for him. I just got a raise and don't know where ...
by BL
Sat Apr 30, 2016 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding cost basis methods
Replies: 7
Views: 402

Re: Question regarding cost basis methods

Yes, that way you can sell those with least gain if reducing Capital Gains is the object, which it usually is. It is a good idea to get it set before you sell anything. There is a difference in pre- and post- January 2012 mutual funds. For those bought before then, brokerages don't have to report ba...
by BL
Sat Apr 30, 2016 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Small Overpayment on Taxes?
Replies: 13
Views: 955

Re: Small Overpayment on Taxes?

I wouldn't, except that this is a perfect opportunity to learn how simple it is, and get paid for doing it as well.
by BL
Sat Apr 30, 2016 7:46 am
Forum: Investing - Help with Personal Investments
Topic: Help with debt and investments
Replies: 2
Views: 318

Re: Help with debt and investments

It looks to me like you need to cut expenses so you can cover debts and increase tax-advantaged savings. Perhaps you have just finished paying off student loans, etc., which might explain things. Suggest you keep track of spending and see where you can cut things to the bone temporarily so you will ...
by BL
Fri Apr 29, 2016 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Conversion
Replies: 14
Views: 1056

Re: IRA Conversion

Rather than consider conversion, why not just put the entire $10k into Roth IRA for the year? +1 Assuming you are under the AGI limits, which is lower for the one who has a pension plan at work (checked on their W-2), you are each eligible to put up to $6500 (5,500 if under age 50) or the total amo...
by BL
Fri Apr 29, 2016 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: 23 year old - needs Boglehead Infrastructure Wisdom
Replies: 23
Views: 1810

Re: 23 year old - needs Boglehead Infrastructure Wisdom

Lots of good advice here. Personally, I would build your Emergency Fund to $2,000, then contribute up to the company match only. I would then throw every cent at that 6% loan. I would then build up Emergency Fund to $5,000, and then throw as much possible into your 401(k). Yes, you could even put $...
by BL
Fri Apr 29, 2016 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [moving from, and investment help]
Replies: 6
Views: 636

Re: Edward Jones [moving from, and investment help]

Sorry you have been having so much trouble. Sometimes "advisors" are the cause of troubles and I personally stay away from them. My one suggestion is to talk to Vanguard on the phone and see if they can't can't handle a transfer EJ to V. V does have a Personal Adviser Service (cost 0.3%) i...
by BL
Fri Apr 29, 2016 9:18 am
Forum: Investing - Help with Personal Investments
Topic: New: need help with unpredictable capital gains and other issues
Replies: 144
Views: 8936

Re: New: need help with unpredictable capital gains and other issues

Grabiner has given a good explanation above. Of course, you won't have the tax savings in hand until you get a refund unless you change your W-4 to allow for it. As for where you want to be, if you have about 100k to invest for retirement and want 50% each of stocks and bonds, you could put the 50% ...
by BL
Fri Apr 29, 2016 8:40 am
Forum: Investing - Help with Personal Investments
Topic: A little guidance towards financial success
Replies: 22
Views: 1800

Re: A little guidance towards financial success

OP, Regarding Roth vs traditional 401k, not everyone agrees and there are different answers for different circumstances. The Wiki covers it quite well in this link: https://www.bogleheads.org/wiki/Traditional_versus_Roth At the bottom there is also a link to theFinanceBuff.com who has looked at this...
by BL
Fri Apr 29, 2016 1:16 am
Forum: Investing - Help with Personal Investments
Topic: A little guidance towards financial success
Replies: 22
Views: 1800

Re: A little guidance towards financial success

Suggest you make % the % of entire portfolio rather than of each account. Don't worry about taxable until you max your 401k and IRAs. Work on contributing to 401k and the tIRA enough to get back into the 15% tax bracket. Right now you would get back 25% + whatever the state % is on whatever extra yo...
by BL
Thu Apr 28, 2016 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Conversion
Replies: 14
Views: 1056

Re: IRA Conversion

Conversion has nothing to do with earned income. You will be taxed based on your taxable income (tax bracket). So add this conversion amount to any other taxable income to get AGI which then has standard or itemized deduction and personal exemptions subtracted from it to get taxable income. So you h...
by BL
Tue Apr 26, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: What to tell your child about Bill for tax preparation
Replies: 53
Views: 4870

Re: What to tell your child about Bill for tax preparation

I would suggest he watch for a sale on this year's TT or H&R Block (somehow I had trouble a few years ago with a cheap version of the other one- maybe my fault) and try to do this year's one just for practice. Then he could decide whether it is worth it or not for next year. I agree you can lear...
by BL
Tue Apr 26, 2016 9:16 am
Forum: Personal Finance (Not Investing)
Topic: tax write off?
Replies: 2
Views: 236

Re: tax write off?

IRA pub 535 is a great place to start looking. There is a link on this page:
https://www.irs.gov/uac/About-Publication-535
by BL
Tue Apr 26, 2016 7:32 am
Forum: Investing - Help with Personal Investments
Topic: 5 years out from retirement; seeking advice
Replies: 2
Views: 728

Re: 5 years out from retirement; seeking advice

Maximize fixed income in tax-advantaged accounts, equities in taxable, for slower growth in RMDs. With its bonds, Wellington is more suitable for tax-advantaged accounts. If you give to charities, you can do QCDs from IRAs after attaining age 70 1/2 and not pay tax on that part of your RMD (about 4%...
by BL
Mon Apr 25, 2016 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise - Transition to Vanguard
Replies: 12
Views: 965

Re: Ameriprise - Transition to Vanguard

Set up the transfer with Vanguard. There will be some paperwork involved. They should be able to have A sell and transfer directly to V. That would also minimize the time out of market. (I suppose you could move 401k all to stocks temporarily, but I wouldn't bother, myself. You don't have to deal wi...
by BL
Sun Apr 24, 2016 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: $150000 investment cleanup
Replies: 12
Views: 1789

Re: $150000 investment cleanup

If you are sure that the losses are for the total for each fund, then this is an ideal time to sell and get the preferred ones as taxes won't be a problem.
by BL
Sun Apr 24, 2016 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 9
Views: 908

Re: Social Security question

Here is Vanguard's interpretation of the new laws (I still would trust the SSA site more):
https://personal.vanguard.com/us/insights/article/youssef-social-security-022016/
by BL
Sun Apr 24, 2016 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Me vs. Vanguard
Replies: 24
Views: 3841

Re: Me vs. Vanguard

I believe that both their suggestions and a 3-fund portfolio (munis if bonds are in taxable and >=25% tax bracket) are reasonable so you will have to figure out which way to go. If you sign up with their PAS, you will probably have to go with their suggestions. Putting 10k/year into I-Bonds at treas...
by BL
Sun Apr 24, 2016 8:46 am
Forum: Investing - Help with Personal Investments
Topic: $150000 investment cleanup
Replies: 12
Views: 1789

Re: 150000

Not going to look up all those funds! Yes there are too many to keep track of! Total stock market hasn't been distribution any CG and almost all divs are qualified at least in recent times. What does your 1099 show for distributed CG and dividends? There is a chart in Wiki for most-to-least tax-effi...

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