Search found 7204 matches

by BL
Sat Sep 23, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Need $$$; tap my taxable acct or my IRA?
Replies: 12
Views: 559

Re: Need $$$; tap my taxable acct or my IRA?

If your 10k CG doesn't bump you above the 15% tax bracket, there should be 0% tax on your CG.
I would take it from taxable rather than IRA.

Don't you have any emergency funds? I would try to have some available somehow.
by BL
Sat Sep 23, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Move 401(k) to IRA after retirement?
Replies: 15
Views: 1046

Re: Move 401(k) to IRA after retirement?

I am at a dilemma; with the new DOL rules, an IRA has to be the Advisory type of account where you pay management fees on a regular basis. At least that is what I understand the rules to me. Fidelity seems to have the best rates for managing money that I have checked into. Entirely incorrect. I rol...
by BL
Sat Sep 23, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Needing a little guidance!
Replies: 15
Views: 1132

Re: Needing a little guidance!

You have received good suggestions here. Take your time to make important decisions. If you decide you need management, consider Vanguard's PAS, 0.3% AUM, about the lowest cost you can find, and they will not sell you on anything but low-expense ratio (ER) funds. There may be other places but you ri...
by BL
Sat Sep 23, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -questions to ask potential advisors
Replies: 27
Views: 2280

Re: Large inheritance -questions to ask potential advisors

Good idea to pay off the house. Assuming this was an inheritance (not some trust with your name on it a long time), there should be a step-up in basis at time of death, so there would only be long term capital gains from the day of death. If not prepared to sell all, consider selling as much as you ...
by BL
Fri Sep 22, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Please check my thinking - wife's high -fee 403b
Replies: 8
Views: 520

Re: Please check my thinking - wife's high -fee 403b

Also check to see if your state offers a 457 plan. It just might have cheaper alternatives.

Did you check every available fund in the 403b and are there other companies available?
by BL
Fri Sep 22, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Advice - Military
Replies: 13
Views: 723

Re: Investing Advice - Military

The Wiki has a good page on military finances: https://www.bogleheads.org/wiki/Military_finances You could use Target date funds for both Roth IRA and Roth TSP. TD funds may not be as tax-efficient as Vanguard's Total Stock Market and Total International Stock Market for your taxable account. TSP ha...
by BL
Thu Sep 21, 2017 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 198
Views: 17581

Re: I won the Lottery. Need sound advice.

Glad to hear you are determined to do this right! Here is a 16-page free booklet (pdf) that I suggest both you and your spouse read soon. It is written by a recommended author, Dr William Bernstein, a Boglehead, for his young adult kids. It is short but packed with great information and suggests oth...
by BL
Tue Sep 19, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: New Job, First Time Investing, How-To
Replies: 21
Views: 1464

Re: New Job, First Time Investing, How-To

Since Saver's Credit is mentioned, I will add this for eligibility:
You can’t have been a full-time student during some part of any five calendar months in the tax year.

You can’t be claimed as a dependent on another person’s return.
by BL
Mon Sep 18, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investment and Portfolio Advice
Replies: 8
Views: 852

Re: Investment and Portfolio Advice

Yes, dividends will be taxed unless you mean municipal bonds. However, qualified dividends will probably be at 15% tax and Vanguard Total Market funds haven't been giving off any Capital Gains until you sell them. If you have other funds, some may also give off more dividends and also CGs even if yo...
by BL
Sun Sep 17, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: New Job, First Time Investing, How-To
Replies: 21
Views: 1464

Re: New Job, First Time Investing, How-To

You seem to be pretty good at math so compare $ between 0.08% and 0.13% for the amount you will contribute in a year, for example. I think you would find it pretty insignificant, and could stick with other reasons for your fund choices. Maybe when you get to 6 digits it will start being somewhat mea...
by BL
Sun Sep 17, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: New Job, First Time Investing, How-To
Replies: 21
Views: 1464

Re: New Job, First Time Investing, How-To

You did a fine job picking those 2 funds. A Target fund would be fine as well. Just pick one close to the bond % you choose. Here is a great starter booklet you might like: https://www.etf.com/docs/IfYouCan.pdf You have until April to fund your Roth IRA at a low-cost brokerage like Vanguard or Fidel...
by BL
Sat Sep 16, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Investment and Portfolio Advice
Replies: 8
Views: 852

Re: Investment and Portfolio Advice

Putting money into a tax-efficient fund shouldn't do much to your taxes. Total Stock Market kicks off maybe 2% mostly qualified dividends, which are taxed at CG rates, probably 15%. Total International might be similar, with a small credit for international taxes paid. If you need bonds in taxable, ...
by BL
Sat Sep 16, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Selling Mom's condo and capital gains tax after a multi-year absence
Replies: 14
Views: 1275

Re: Selling Mom's condo and capital gains tax after a multi-year absence

This may not affect things much, but she should be able to get a medical deduction on her taxes for needed assisted living costs, which might counteract some of the CG.
by BL
Sat Sep 16, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Good flat-fee financial advisors in Boston suburbs?
Replies: 13
Views: 1282

Re: Good flat-fee financial advisors in Boston suburbs?

I would give Vanguard a call and ask what advice they can give for investing without PAS, which might be a reliable alternative anyway for some or all of her unknown amount. I don't know what services are available based on the amount invested there at the 1 million level for instance. I do have an ...
by BL
Tue Sep 12, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Tips on helping spouse feel that we are truly FI?
Replies: 18
Views: 1446

Re: Tips on helping spouse feel that we are truly FI?

budgeting another $10K for health care
Somehow this sounds low to me for 4 people, while health care is in flux.
by BL
Mon Sep 11, 2017 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: did I make a mistake funding a traditional IRA?
Replies: 17
Views: 1998

Re: did I make a mistake funding a traditional IRA?

Not sure if you have all the facts here. Please run it through a tax program to find out what it would be and what a change would do. https://www.irs.gov/newsroom/save-twice-with-the-savers-credit Save on taxes. The saver’s credit can increase your refund or reduce the tax you owe. The maximum credi...
by BL
Sun Sep 10, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 3294

Re: Should I do 20 or 25 Year Term Life Insurance?

Sorry to deviate off the OPs topic, but what is the best way to find a company and a policy. I am looking for 20 year term at $1mm as well. Thanks BV Have a local INDEPENDENT insurance agent shop several companies for the best policy. Check term4sale.com to get an idea of costs. I believe you can g...
by BL
Sun Sep 10, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Preparing To Adjust 401k To Three-Fund Portfolio
Replies: 11
Views: 910

Re: Preparing To Adjust 401k To Three-Fund Portfolio

I wanted to adjust my 401k portfolio into something a bit more conservative as all my assets are US stocks. Does this mean you have other investments? All of your portfolio should be considered together for AA, starting by using the best in 401k and filling in elsewhere with what else is needed. If...
by BL
Sat Sep 09, 2017 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing To Adjust 401k To Three-Fund Portfolio
Replies: 11
Views: 910

Re: Preparing To Adjust 401k To Three-Fund Portfolio

Going from 0% to 30% bonds is pretty extreme and quite conservative. I might consider 20-25% to start, while researching the subject. Do they have anything offered below 0.5% ER? Do they have any S&P500 index funds? Look for the word index in the name. Also, many don't know tickers, so name as well ...
by BL
Sat Sep 09, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless on taxes but have luxury of both 403b and 457 space
Replies: 27
Views: 2449

Re: Clueless on taxes but have luxury of both 403b and 457 space

I believe you have to add depreciation back into cost basis when you sell. See a good tax person.
by BL
Sat Sep 09, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless on taxes but have luxury of both 403b and 457 space
Replies: 27
Views: 2449

Re: Clueless on taxes but have luxury of both 403b and 457 space

I assume you have a tax preparer since you say you don't know much about taxes. I would encourage you to visit this (or other CPA or enrolled agent) person ASAP to figure out the tax consequences before the end of the year in case there is something you can do this year to take advantage of it (assu...
by BL
Sat Sep 09, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor, with a side of Betterment?
Replies: 13
Views: 814

Re: Vanguard Personal Advisor, with a side of Betterment?

I don't see any advantage. Yes, you could run into wash sale issues. You could simplify on your own with 3-fund portfolio or Life Strategy funds in tax-advantaged and Total US/ Total International in taxable (muni if you prefer some bonds there and are in higher tax bracket.) Many don't bother with ...
by BL
Sat Sep 09, 2017 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Employing stay at home wife
Replies: 12
Views: 807

Re: Employing stay at home wife

Does she already max the 401k at the other job? (18k)
by BL
Sat Sep 09, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 3294

Re: Should I do 20 or 25 Year Term Life Insurance?

What is the cost if you split it 500k 20 years, 500k 25 years? You may not need as much after 20 years. I've played around with the laddering options, but can't really find one that saves me money. For example: 500k @ 20 years = $21/mo 500k @ 25 years = $37/mo TOTAL = $58/mo It's cheaper ($53) just...
by BL
Fri Sep 08, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Advice for lowering AGI/Taxable?
Replies: 51
Views: 5107

Re: Tax Advice for lowering AGI/Taxable?

New business this year, yes; however, most are paying cash and as "gift" through paypal... Next year, this may change. Another option with the side hustle would be to look into a solo 401k through vanguard as it grows to help keep you AGI steady. Can you elaborate? You mean simply a traditional IRA...
by BL
Thu Sep 07, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5626

Re: Wife believes 7+% returns from stock market are guaranteed

You asked about taking a loan from your 401k last year. Did you take that loan to pay for the house in cash rather than acquiring a mortgage? Your wife may be reasonably questioning the overall resistance to a mortgage, even if she's overoptimistic on the stock market returns. If OTOH you took all ...
by BL
Thu Sep 07, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 3294

Re: Should I do 20 or 25 Year Term Life Insurance?

What is the cost if you split it 500k 20 years, 500k 25 years? You may not need as much after 20 years.

Don't count on being able to buy in 20 years.

Did you check with term4sale.com or an independent agent who can will shop for you?
by BL
Thu Sep 07, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Married, owning two homes, file as HOH?
Replies: 43
Views: 2153

Re: Married, owning two homes, file as HOH?

See a tax CPA.
Invest in real estate.
Do taxes both ways.Mfs, Mfj
Be grateful.
by BL
Thu Sep 07, 2017 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Novice Investor Looking for Help
Replies: 8
Views: 599

Re: Novice Investor Looking for Help

New annual Contributions
~$18,000 his 401k (including 3% company match)
You can contribute 18k to 401k, + company match.
by BL
Thu Sep 07, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 85
Views: 4765

Re: how often does high ACT score == scholarship?

<< He has interests/talents in the arts (graphic design, industrial design) as well as STEM (engineering, physics). >> There is no way that he is really interested in those areas. The personality type and temperament needed to work and succeed in each area are totally different. The more accurate s...
by BL
Thu Sep 07, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Mutual fund family and picks for 50k
Replies: 26
Views: 2339

Re: Mutual fund family and picks for 50k

Yes, you want to avoid selling stock funds in taxable as much as possible. Plan to do your rebalancing either by the amounts you buy, or by changing things in the 401k which has no tax consequences. Do you have any IRAs? Doing Roth IRA first, 5500 per person per year, is the first step. You could pu...
by BL
Thu Sep 07, 2017 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Don't know where to start at all
Replies: 21
Views: 1691

Re: Don't know where to start at all

Tips are reportable and taxable (including SS and Medicare taxes) to the IRS. Here is one page from the IRS with some info: https://www.irs.gov/businesses/small-businesses-self-employed/tip-recordkeeping-and-reporting Vanguard Target Date retirement fund is ideal for a retirement account for almost ...
by BL
Wed Sep 06, 2017 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Don't know where to start at all
Replies: 21
Views: 1691

Re: Don't know where to start at all

The amount of Roth IRA contribution cannot exceed your reported income from work on the 1040, up to the max of $5500. A couple can each contribute to a Roth, whether or not they both work, as long as total income covers the contribution amounts. The afore-mentioned If You Can is a great pdf to get y...
by BL
Wed Sep 06, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: How to analyze portfolio recommendations
Replies: 25
Views: 2770

Re: How to analyze portfolio recommendations

Thanks a lot for posting again. Glad that you found value in this thread.
by BL
Tue Sep 05, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Beneficiary Designation question?
Replies: 13
Views: 1242

Re: Beneficiary Designation question?

Would "my child per stirpes" cover this? It would go to offspring not spouse if you were not living. It might not be as desirable if child is under 18.
by BL
Tue Sep 05, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: 87-year old dad is interested in reverse mortgage
Replies: 13
Views: 1951

Re: 87-year old dad is interested in reverse mortgage

If he doesn't need the money, don't do it. Sounds like he is doing just fine. Maybe he could just pay off the house (if he has the money) and pay himself the mortgage payment from now on, sort of like a reverse mortgage with less cost. He may not have so much interest to deduct since he is paying ba...
by BL
Tue Sep 05, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: IBonds - now or wait?
Replies: 13
Views: 1838

Re: IBonds - now or wait?

It changes November 1.

You can get CPI info in October which determines the 6-month variable part and can help you make the decision whether to buy before November or wait. You won't know until November 1 what the fixed value will be. That has been zero or very low for several years.
by BL
Tue Sep 05, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a fee from td ameritrade on a transfer
Replies: 23
Views: 1943

Re: Got hit with a fee from td ameritrade on a transfer

There should be no fee to leave Vanguard, but there may be a low-account fee if e-statements are not set up.
by BL
Tue Sep 05, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: If I died today, what would my spouse do?
Replies: 69
Views: 13836

Re: If I died today, what would my spouse do?

Yes, write it all down. Then analyze it and see where it can be simplified. I think many of us over-complicate investing and other parts of our financial life. How about starting with a fund "owned" by spouse, and either setting it up in a single balanced fund, or perhaps have it (50k min.) managed ...
by BL
Mon Sep 04, 2017 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Best Fund for Parents Expenses
Replies: 10
Views: 958

Re: Best Fund for Parents Expenses

First of all, what is their tax bracket? Find Line 43 on page 2 of last year's 1040, and look up online or ask here what the tax bracket is. If they are in the 15% bracket, and have some space left before hitting the next bracket, you probably want to use up that bracket for setting up more spending...
by BL
Mon Sep 04, 2017 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Allocating across IRAs and taxable accounts
Replies: 9
Views: 908

Re: Allocating across IRAs and taxable accounts

I would consider setting things up to collect Medicare Part B amounts from HSA to start using that tax-free. Beyond medical expenses, you can also pay tax just like an IRA, and use it for anything without penalty. I like bonds in t.IRA to keep growth down. Not so sure about much bonds in a Roth IRA.
by BL
Mon Sep 04, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Left financial advisor, feedback on DIY plan please.
Replies: 11
Views: 1516

Re: Left financial advisor, feedback on DIY plan please.

I would want to at least get the second mortgage paid off before taxable investing.

Not necessarily recommending, but also putting money in trad. 401k and using the tax deduction to pay on second mortgage might be worthwhile.
by BL
Sun Sep 03, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Helping mother roll over IRA to Vanguard
Replies: 9
Views: 454

Re: Helping mother roll over IRA to Vanguard

I think you have given good suggestions. The stock market may determine whether or not she will be happy. Perhaps you should consider the Vanguard PAS as an alternative, especially since that might meet with the approval of your father and be the only likely way he would leave his adviser. PAS charg...
by BL
Sun Sep 03, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1462
Views: 260333

Re: What are you up YTD? [Year To Date]

I set up My Watch List at Vanguard for all funds I am interested in. They calculate the YTD daily. Works for me (only a few of my funds have contributions during the year since retired). No actions are related to this, just my FYI.
by BL
Sun Sep 03, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Dad as Investment Advisor for Kids
Replies: 51
Views: 3752

Re: Dad as Investment Advisor for Kids

They are brilliant young men but basically have no interest in investment management Similar problem. When my kids started work after school - more than seven years ago, I suggested they go in to a target date fund in their 401(k)s. That's about the extent of my management for them. Every year, I s...
by BL
Sun Sep 03, 2017 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Help me make sense of my 2017 federal tax calculation
Replies: 22
Views: 2101

Re: Help me make sense of my 2017 federal tax calculation

I see missing exemptions, 4050/person also child care deducted from her salary is probably reducing her W-2 income and thus deductible. She may be able to deduct her IRA if she has no pension plan. Income is probably too high for Child TC. SS + Medicare tax not deductable, but withheld by law. Sugge...
by BL
Sat Sep 02, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Vanguard PAS and Investment Choices
Replies: 23
Views: 1832

Re: Advice on Vanguard PAS and Investment Choices

You could get by with just 1.VANGUARD INSTL IDX 14% 0.04% (S&P 500) in 401k, (Adding Small cap index, mid-cap index would make it closer to Total Stock Market Index fund.) 2. Total International and 3. intermediate-term muni bonds in taxable or Total Bond market elsewhere, including your more expens...
by BL
Sat Sep 02, 2017 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Mutual fund family and picks for 50k
Replies: 26
Views: 2339

Re: Mutual fund family and picks for 50k

The amertrade account is something that just started out as a little hobby, almost like gambling to me o guess. Now have mostly high dividend companies with most in Home Depot, at&t, Pepsi, ford and little in Waddell and reed. I also work for a railroad so I would have a decent pension therefore ta...
by BL
Sat Sep 02, 2017 12:04 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard - How to combine spouse accounts
Replies: 28
Views: 2805

Re: Vanguard - How to combine spouse accounts

frisbee wrote:
Fri Sep 01, 2017 9:57 pm
Can a joint account have IRAs frim both of us? Vanguard rep said no, which is why we have separate accounts. I'm fine with gifting if thats easier
IRAs are "individual", and cannot be combined with anyone else unless one of you dies.
by BL
Fri Sep 01, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Advice for lowering AGI/Taxable?
Replies: 51
Views: 5107

Re: Tax Advice for lowering AGI/Taxable?

If accurate, you are due a refund. You could proactively reduce your withholdings, giving you a bit more cash flow, possibly to redirect to the TSP. It's small, but it is cumulative - each bit you defer lowers your tax a bit more, too, freeing up more to contribute. Reduce withholdings, then either...