Search found 6779 matches

by BL
Fri May 26, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 40
Views: 1857

Re: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice

I am not at all sure I could have found those Fidelity Target date INDEX funds a few years ago. They did/do a good job of hiding them and if you don't do the right search they are still hard to find. Once you know they are there, that helps. The past is gone and can't be changed. What you do now and...
by BL
Fri May 26, 2017 7:32 am
Forum: Personal Finance (Not Investing)
Topic: When to start talking to older parents regarding their finances (and how to do it?)
Replies: 21
Views: 1289

Re: When to start talking to older parents regarding their finances (and how to do it?)

Money can be a very sensitive subject so tread lightly. Perhaps they are considering how to advise you on your finances. How would you react if a parent started making suggestions or wanted to take a look at your finances? Unless you had asked for help, would you really appreciate it? Unless you lea...
by BL
Fri May 26, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions Post Retirement
Replies: 19
Views: 1551

Re: Roth Conversions Post Retirement

OP: I suggest you do not use SSI as an acronym for Social Security (I use SS and don't think that could be mistaken, although I might be mistaken :wink: Supplemental Security Income ( SSI ) is a Federal income supplement program funded by general tax revenues (not Social Security taxes): It is desig...
by BL
Thu May 25, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 56
Views: 5640

Re: Should I cancel my whole life policy?

powermega wrote:I don't believe a 1035 exchange would be possible unless the surrender value is greater than the minimum lump sum premium for an annuity. That minimum premium could be a number like $10k.

I expect you are right and it is not likely to amount to anything like that amount.
by BL
Thu May 25, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 40
Views: 1857

Re: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice

I can see that your first step is to get rid of the Fidelity PAS which will save you a lot of money if you put it into index fund or funds. If they give you a hard time, keep in mind that an implicit or explicit threat to move everything to Vanguard, where almost every fund is low-cost as is their P...
by BL
Thu May 25, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 56
Views: 5640

Re: Should I cancel my whole life policy?

On the rare chance that you should get some pro-rated rebate, remember that each month you keep it, you are losing 1/12 th of a year's contribution. Sometimes it is best to cut your losses, but I don't know the answer. It might make more sense to take the loss and get on with your life. Did you talk...
by BL
Wed May 24, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help for Dad
Replies: 13
Views: 459

Re: Portfolio Help for Dad

This fund is closed to new investors and it's 30/70. Vanguard Target Retirement 2010 Fund (VTENX) https://personal.vanguard.com/us/funds/snapshot?FundId=0681&FundIntExt=INT#tab=2 I' guess I'll mimic it with holding the individual funds and rebalance when I do my rebalancing, or go with the 2015...
by BL
Wed May 24, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help for Dad
Replies: 13
Views: 459

Re: Portfolio Help for Dad

This fund is closed to new investors and it's 30/70. Vanguard Target Retirement 2010 Fund (VTENX) https://personal.vanguard.com/us/funds/snapshot?FundId=0681&FundIntExt=INT#tab=2 I' guess I'll mimic it with holding the individual funds and rebalance when I do my rebalancing, or go with the 2015...
by BL
Wed May 24, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: I admit, I give up [need strategy for getting back in]
Replies: 30
Views: 4227

Re: I admit, I give up [need strategy for getting back in]

It looks like your ability to take risk is small, even though you can afford some risk. My suggestion is to pick just one or two good fairly moderate or conservative balanced funds such as -- Vanguard Balanced Index Fund (in a tax-protected account), Vanguard Tax-Advantaged Balanced Fund (in a taxa...
by BL
Tue May 23, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity and their "free advisor" service?
Replies: 32
Views: 2315

Re: Fidelity and their "free advisor" service?

Fidelity is probably fine when you know you want index funds and don't talk to any advisor. However, I think there is a risk if you appear unsure of what you should do. Yes, I use Vanguard but not their PAS, and would currently be ok with Fidelity as long as senility won't make me more susceptible t...
by BL
Tue May 23, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: 21 yr old sons Roth IRA
Replies: 23
Views: 1375

Re: 21 yr old sons Roth IRA

I think your choice is fine as are the other suggestions given. Be aware that the Date that far into the future has only 10% bonds. To get about 20%, you would need Vanguard Target Retirement 2035 Fund (VTTHX), or Life Strategy Aggressive (3k minimum to start). There is some concern that newer inves...
by BL
Tue May 23, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Investing Strategy
Replies: 11
Views: 1370

Re: Investing Strategy

OP- You've gotten great suggestions from retiredjg. You will have some work to do simplify, but it's worth it. Now you may understand why this forum has such contempt for most advisors. They produce ridiculous portfolios at considerable cost with disappointing results. Clients get ensnared, especia...
by BL
Mon May 22, 2017 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: should i use existing Roll over IRA account?
Replies: 7
Views: 264

Re: should i use existing Roll over IRA account?

I would keep it separate just in case. If you are already retired it probably doesn't make any difference. Check if there is more legal protection in your state for a Rollover than a regular IRA. I am 40 and live in NJ Here is one link I found with Google: http://www.irafinancialgroup.com/selfdirec...
by BL
Mon May 22, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest Church Money
Replies: 54
Views: 3666

Re: How to Invest Church Money

Investing could be very divisive because of strong opinions on who and what to do with it, so be very cautious. We got donated funds and kept them as is rather than decide on a different approach. There are probably members who invest for others or who have friends who do, or have other definite opi...
by BL
Mon May 22, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: should i use existing Roll over IRA account?
Replies: 7
Views: 264

Re: should i use existing Roll over IRA account?

I would keep it separate just in case. If you are already retired it probably doesn't make any difference. Check if there is more legal protection in your state for a Rollover than a regular IRA.
by BL
Mon May 22, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: Computing device for elderly relative
Replies: 34
Views: 1393

Re: Computing device for elderly relative

Is there a reason this device needs to be portable? If not, look into a chrome box , along with a large monitor, full-size keyboard and mouse. Should be way easier on elderly eyes than a 10" iPad or 11" Chromebook. Chromebox sounds worth checking out for us, since we have monitor, keypad,...
by BL
Mon May 22, 2017 8:28 am
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 33
Views: 2645

Re: Refinance Mortgage From 30 to 15 OR Invest?

There is also the Roth TSP which many use if they expect a pension or are receiving tax-free combat pay.
by BL
Sun May 21, 2017 8:05 pm
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 33
Views: 2645

Re: Refinance Mortgage From 30 to 15 OR Invest?

It doesn't sound like this is your home now. Will it be in the near future? In other words, why are you owning it? If you have lived in it 2 of the last 5 years, IIRC, you could sell it and not have to pay CGs on 500k gains.
by BL
Sun May 21, 2017 3:37 pm
Forum: Personal Consumer Issues
Topic: Computing device for elderly relative
Replies: 34
Views: 1393

Re: Computing device for elderly relative

I have had a Samsung Chromebook, ~11-inch, for about 7 years and although it still works, it has a few glitches which tell me I should consider a new one. Not sure, but might go with Samsung again. I like the keyboard, except it does't have delete key or number pad. Earlier this year I tried a ~14 i...
by BL
Sun May 21, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Leave a Free Investment Advisor?
Replies: 23
Views: 2081

Re: Should I Leave a Free Investment Advisor?

I looked up one fund: SGENX YTD return 5.62% Net assets 14.95B Front load 5.00% you pay up front when you buy; this money goes to advisor/brokerage and doesn't ever get invested. Yield (ttm) 0.35% Expense ratio 1.10%/year of which 0.25% 12b-1 is kickback to advisor/brokerage. Calling it "free&q...
by BL
Sat May 20, 2017 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Should I switch my Vanguard funds to lower cost Schwab funds?
Replies: 38
Views: 2441

Re: Should I switch my Vanguard funds to lower cost Schwab funds?

Have you calculated the dollar difference between the two? Is it smaller than your daily value swings? I can't imagine switching for such a small difference. Is it a taxable account? I am convinced that the V funds are pretty good. Don't know much about Schwab funds, but doubt they are better. For e...
by BL
Fri May 19, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: If You Can't
Replies: 25
Views: 1547

Re: If You Can't

How about setting your contributions to the ratio and never rebalance? Well, not for a few years or the next crash. If you set it and never look, maybe it will gradually build up stock %, but that is ok for quite a while. Not quite the Boglehead way, but if it works, fine. It's better than 100% stoc...
by BL
Fri May 19, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones vs Vanguard self managed
Replies: 29
Views: 1914

Re: Edward Jones vs Vanguard self managed

Welcome. Google Edward Jones and EJ here to read about others who decided to leave. At least they are being up front now instead of being able to hide the costs. Unfortunately it may cost still more than it did for small investors. At V, you can either use a 0.3% AUM adviser if you have 50k to inves...
by BL
Fri May 19, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Fixing 20 Years of Mistakes
Replies: 9
Views: 1316

Re: Fixing 20 Years of Mistakes

Good advice so far. Here is a quick 16 page pdf to get you started: https://www.etf.com/docs/IfYouCan.pdf When you say IRAs, is that 401k, or on the job IRA, or what? I like a balanced fund like VASGX, and total stock market in taxable. I see debts that are important: Credit Card student loans What ...
by BL
Thu May 18, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Shifting Taxable Investments to Roth 401K
Replies: 17
Views: 818

Re: Shifting Taxable Investments to Roth 401K

Since you will be trying to get the exact numbers here, I think it may be useful to go beyond Taxcaster and use a current tax program (2016 now, 2017 when available) to get more exact figures and play "what if" games with Roth/trad 401ks, max 15% tax bracket which includes CGs even though ...
by BL
Thu May 18, 2017 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for 34 years old
Replies: 8
Views: 670

Re: Asset allocation for 34 years old

Have you seen the Callen Periodic Table that shows performance by asset class? The Wiki has it:
https://www.bogleheads.org/wiki/Callan_periodic_table_of_investment_returns

It is pretty hard to predict which will do well each year.
by BL
Wed May 17, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: What if I have enough money?
Replies: 22
Views: 4202

Re: What if I have enough money?

I was going to suggest a SPIA in your future, but you don't even want to let your current available annuity (SS) increase to provide more COLA'd income for the rest of your life. I would "buy" the huge increase in SS first for more guaranteed lifetime income. It is a great pension that is ...
by BL
Wed May 17, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: No longer able to deduct tIRA contributions - but should I Backdoor?
Replies: 14
Views: 833

Re: No longer able to deduct tIRA contributions - but should I Backdoor?

Before you open new 401k, check to see if IRAs can be rolled into them. I don't think Vanguard allows that, but F does. There are ways to split up your IRA to accomplish what you want at no current tax cost. Someone will probably come on here with specifics. There are threads here that explain it bu...
by BL
Wed May 17, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: [Help with Edward Jones account]
Replies: 5
Views: 592

Re: [Help with Edward Jones account]

In the mean time,you can do trustee to trustee transfers of your EJ SIMPLE assets as often as monthly to a traditional IRA.


If everybody transfers all funds out of the account each month, perhaps EJ will be glad to depart!

Read your contract or check with your lawyer or CPA.
by BL
Wed May 17, 2017 12:42 am
Forum: Investing - Help with Personal Investments
Topic: Help investing inheritance
Replies: 12
Views: 886

Re: Help investing inheritance

Absolutely pay off 6+% loans and probably the other one as well. If self-employed set up your own 401k or possibly IRA. Be sure to set up 6 months worth of expenses as an emergency fund, maybe more since you are self-employed. Also contribute to Roth IRA. If you don't have the funds, perhaps use the...
by BL
Tue May 16, 2017 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help, pay off house or invest?
Replies: 34
Views: 2402

Re: Help, pay off house or invest?

You may be eligible for 10% or more Saver's tax Credit on $2k/year each in an IRA. There are other credits when you have a child: Child Tax Credit Additional Child Tax Credit Dependent Care Credit Earned Income Credit A trad IRA lowers your AGI so might help but 401k would have lowered wages as well...
by BL
Tue May 16, 2017 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Should I do more Roth conversions?
Replies: 6
Views: 989

Re: Should I do more Roth conversions?

As it turned out, we overdid our converting because the law on QCDs finally became permanent. We do most charitable donations from IRA so won't be paying taxes as we use it up. Please explain. I have not thought through the problems of overdoing Roth conversions. Thanks We had a relatively small IR...
by BL
Tue May 16, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Should I do more Roth conversions?
Replies: 6
Views: 989

Re: Should I do more Roth conversions?

I think you have it right.
It is good to have some Roth which you have.

As it turned out, we overdid our converting because the law on QCDs finally became permanent. We do most charitable donations from IRA so won't be paying taxes as we use it up. It is a good problem to have.
by BL
Tue May 16, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: HSA distributions and SS
Replies: 6
Views: 355

Re: HSA distributions and SS

AFAIK, no, they don't affect AGI nor SS if you use them for qualified medical expenses.
by BL
Tue May 16, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: recent widow needs help with life insurance payout options
Replies: 44
Views: 2878

Re: recent widow needs help with life insurance payout options

dm200: Please accept my sympathy for the loss of your husband. Four years ago I lost my wife after 62 years of a very happy marriage. I share your grief. It is impossible for me to give you specific advice without much more information. However, as a former life insurance "salesman" (a te...
by BL
Tue May 16, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for retired parents
Replies: 10
Views: 787

Re: Tax Planning for retired parents

Some reading: https://www.bogleheads.org/wiki/Social_Security https://www.ssa.gov/planners/retire/1943-delay.html http://www.interest.com/retirement-planning/news/6-step-guide-when-to-start-collecting-social-security/ You will get arguments on both sides for when to take SS. If you have no spare cas...
by BL
Tue May 16, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for retired parents
Replies: 10
Views: 787

Re: Tax Planning for retired parents

Try Taxcaster estimator or an old (2016) tax program and do some "what-if's" on what happens if they convert up to top of 25% tax bracket. Are they delaying SS until age 70 for higher earner? They could live off IRAs instead. Are they retired yet? Up to 85% of SS will be taxed. Be sure you...
by BL
Tue May 16, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Help! Inheritance portfolio advice?
Replies: 17
Views: 1429

Re: Help! Inheritance portfolio advice?

If an advisor takes 1%, and the "rule of thumb" safe withdrawal rate at age 65 is 4%, that means advisor would get 1/4th of that withdrawn money. The funds may well be 1+% ERs (while low-ER funds at Vanguard or index funds at Fidelity would be below 0.2% ER) so she may lose 1/2 of the with...
by BL
Mon May 15, 2017 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Inheritance portfolio advice?
Replies: 17
Views: 1429

Re: Help! Inheritance portfolio advice?

I assume the "unrealized gains" are since date of death if there was a step-up then?? You may be able to "transfer in kind" to a new brokerage so that funds and stocks do not have to be sold, at least not all of them. If she has an income of 38k, she has a cushion of about 10k to...
by BL
Mon May 15, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Inheritance portfolio advice?
Replies: 17
Views: 1429

Re: Help! Inheritance portfolio advice?

Yes, max the 401k to lower taxes. Choose low-ER funds, perhaps index funds, if possible. Max a Roth IRA as well. Check into Vanguard PAS management at a cost of 0.3%/year and put you into very low-ER Vanguard funds. They don't work on commission so have no conflict of interest. Another option would ...
by BL
Mon May 15, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving money in MA teacher pension, but never planning to draw pension?
Replies: 18
Views: 1674

Re: Leaving money in MA teacher pension, but never planning to draw pension?

It looks like a fair deal to leave it there up to 2 years as a fixed income part of your portfolio. I think you will ultimately want to roll it into a Rollover IRA to avoid paying taxes on withdrawn money. If she should go back to work there, perhaps she will be allowed to buy back the pension with ...
by BL
Mon May 15, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Wife going back to work! Where to invest this extra income?
Replies: 7
Views: 1301

Re: Wife going back to work! Where to invest this extra income?

Vanguard Total Stock Market and Total International Stock Market are very tax-efficient for taxable investing. I-bonds at https://www.treasurydirect.gov/ at 10k/year/person are good since you are not too young (30 years = required distribution and income is taxed.) since tax is deferred. HSA can be ...
by BL
Mon May 15, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Advice for friend with great commission but no company benefits
Replies: 20
Views: 1188

Re: Advice for friend with great commission but no company benefits

Both of you should read The White Coat Investor: A Doctor's Guide To Personal Finance And Investing by James M Dahle (Author) book and his Blog for more specific advice to doctors and similar professionals. There is a lot of good reading here in Wiki and suggested books. Here is a pdf to get you sta...
by BL
Sun May 14, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do i still need Term Life Insurance ?
Replies: 14
Views: 1219

Re: Do i still need Term Life Insurance ?

I would wait till you have been retired a few years, and reconsider then. Is this a single policy? Perhaps it can be reduced.
by BL
Sun May 14, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Wife going back to work! Where to invest this extra income?
Replies: 7
Views: 1301

Re: Wife going back to work! Where to invest this extra income?

She needs to take the job that suits her best, whether that is 1099 or not. Be sure total withholding on all income is accurate. She or you may need to have extra withheld. Check mid-year and adjust as necessary. You can save a lot by finding the lowest-ERs available on every investment. Otherwise y...
by BL
Sun May 14, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Questions to Start
Replies: 19
Views: 1071

Re: Questions to Start

The brokerage is required to give CG info to IRS and you on any purchases (including reinvestments) since January 1, 2011. So I would start with that simpler group of purchases and see what you have. 1. Don't sell within one year if there is a gain - short term gains are taxed at your regular rate. ...
by BL
Sat May 13, 2017 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help with older relative's investments
Replies: 10
Views: 872

Re: Help with older relative's investments

+1 to Taylor's suggestions. Is the current income adequate for monthly expenses? SPIA could be used to provide more permanent income if needed, but there would be no remainder after death (unless riders are purchased). If they are willing to choose a Target Date fund, that should work. Target date i...
by BL
Sat May 13, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: 81 Year Old Mother - Buying House to "Rent" to Her?
Replies: 23
Views: 2255

Re: Advice Needed: 81 Year Old Mother - Buying House to "Rent" to Her?

Check out low income senior housing. This might be the ideal situation for her, assuming she will move if you set it up for her.

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