Search found 4691 matches

by BL
Sat Feb 06, 2016 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to rebalance, would love some advice
Replies: 5
Views: 302

Re: Looking to rebalance, would love some advice

Are you saying you are not allowed to put the full 18k into the 401k, but rather just a percentage? | Voya Intermediate Bond Portfolio - Class I | IPIIX | .49% | | Voya U.S. Stock Index Portfolio - Institutional Class | INGIX | .27% | The above might work fine. How about just one of your balance fun...
by BL
Sat Feb 06, 2016 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Transfer
Replies: 2
Views: 111

Re: Roth IRA Transfer

If the funds are "transferred in-kind" there is no change. Hopefully you are going to lower-Expense Ratio funds or leaving a more expensive place. Even if you cash in where you are and move cash to buy better funds where you are going, there are no tax consequences if you are talking about...
by BL
Sat Feb 06, 2016 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - 30 y/o switching from FA to Vanguard
Replies: 3
Views: 348

Re: Portfolio Advice - 30 y/o switching from FA to Vanguard

Here is a nice little online pdf especially for beginning investors: https://www.etf.com/docs/IfYouCan.pdf You could use the 3-fund portfolio (search threads here and Wiki). This may make sense since you are also considering taxable retirement investing. However, you could use a Target date fund (ou...
by BL
Sat Feb 06, 2016 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice for a new member
Replies: 5
Views: 338

Re: Portfolio Advice for a new member

Have you turned off automatic reinvesting on any fund you don't want to be in? Can you put the cost basis in taxable at Specific Id so you can sell off the (covered) lots which have a loss or not much gain? This might be a way of lowering your unwanted holdings without too much cost. Avoid selling s...
by BL
Sat Feb 06, 2016 8:58 am
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 50
Views: 3999

Re: The Gravy Train Departed?

It is what it is. Here is a little pdf to get you started: https://www.etf.com/docs/IfYouCan.pdf That would be helpful if I was a millennial. Classifying anyone born in the 80's as a millennial is wrong and degrading. I refuse to be compared to the generation of today. I was chased around my house ...
by BL
Sat Feb 06, 2016 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Tax question for my brother
Replies: 8
Views: 652

Re: Tax question for my brother

Yes, refunds are dependent on what you elected to have withheld so refunds don't have much to do with anything. Yes, he may be passing up credits by not having any taxable income. You are right to be concerned that if he shows a loss and no other wages, he may lose out on some tax credits that zero ...
by BL
Sat Feb 06, 2016 8:37 am
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 50
Views: 3999

Re: The Gravy Train Departed?

It is what it is.

Here is a little pdf to get you started:
https://www.etf.com/docs/IfYouCan.pdf
by BL
Sat Feb 06, 2016 8:28 am
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 44
Views: 4236

Re: I Lost My FInancial Brain - Please Help

beehumble....First, I am so sorry to read of your loss. That is a real tough one. I too have an older wife (+14 years) and premature death is a reality that I myself may have to face. You make plans and then 'poof' - they're gone. Your post made me all the more aware of that possibility. Second, my...
by BL
Sat Feb 06, 2016 8:24 am
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 44
Views: 4236

Re: I Lost My FInancial Brain - Please Help

The above scenario is why I am reluctant to recommend Fidelity for anyone, including myself when I may need extra help in investing. F does have low-ER Spartan funds and they have Target index funds (which they hide really well!) but if a salesman/adviser gets their paws on you, they will sell you e...
by BL
Fri Feb 05, 2016 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 44
Views: 4236

Re: I Lost My FInancial Brain - Please Help

Please be careful. I'm afraid it sounds like another shark to me. Be sure to have the facts in writing and wait at least a month before agreeing/signing anything. Have him write and sign a statement that he is acting as your fiduciary. That is a little better than advisor. Can you leave you money in...
by BL
Fri Feb 05, 2016 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 51
Views: 5091

Re: Friend is an Edward Jones financial advisor -- should I drop him?

This thread https://www.bogleheads.org/forum/viewtopic.php?f=1&t=180992&newpost=2783444#p2741878 has a link to this delightful little saga. This is my favorite - "The Edward Jones Saga" - :P http://www.kronstantinople.blogspot.com/p/edward-jones-saga.html The saga should answer yo...
by BL
Fri Feb 05, 2016 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Need advice - 1st time investor
Replies: 7
Views: 455

Re: Need advice - 1st time investor

Good advice from Watty above. A couple other things: If you work you could put 5,500 into a Roth IRA and if you have a 401k available, use some of this money to put up to 18,000/year into that through your paycheck while you live on your 18k instead. If you want to hire someone to deal with it rathe...
by BL
Thu Feb 04, 2016 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice - 1st time investor
Replies: 7
Views: 455

Re: Need advice - 1st time investor

Take your time figuring this out. There is no rush. If you will be in a 25 or higher % tax bracket, perhaps a single fund such as Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) would be a simple solution. I believe this is about 50/50 stock bond ratio. This fund minimizes taxes. If you wa...
by BL
Thu Feb 04, 2016 10:35 pm
Forum: Investing - Theory, News & General
Topic: Make your retirement money last
Replies: 36
Views: 7392

Re: Make your retirement money last

Long-time reader of Jane's magazine articles and often checked out books from the library over the years. I learned so much about personal finance from her writings. They helped bring me to the stage where I was ready for Bogleheads. I will make sure to get a copy of this book.
by BL
Thu Feb 04, 2016 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 44
Views: 4236

Re: I Lost My FInancial Brain - Please Help

Sorry for your loss. How long has it been? It is often suggested to do only required actions for at least a year after such a loss. You don't need the stress of deciding or the regret of making sudden decisions. Take your time, do what has to be done, gather up information about investing and your f...
by BL
Thu Feb 04, 2016 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: [Am I getting a bad deal from my financial planner?]
Replies: 58
Views: 3891

Re: Am I getting screwed?

It is unfortunate that your wife chooses to keep the account there when she could probably transfer it In-Kind (keep the same funds) to Vanguard and not pay a management fee to the broker, if any. At least be sure he doesn't have the authority to sell and buy without your permission (churning the ac...
by BL
Thu Feb 04, 2016 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: [Am I getting a bad deal from my financial planner?]
Replies: 58
Views: 3891

Re: Am I getting screwed?

Perhaps you should be grateful to this market for the wake up call! I suggest it would be much worse to wait 20 years and much more money invested (with 5.75% raked off before even starting investing!) I put one fund, AMCPX, into Google and the first thing I saw was a graph of results (not including...
by BL
Thu Feb 04, 2016 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio
Replies: 4
Views: 602

Re: Retirement Portfolio

Since a lot of people just skim the titles, perhaps you would get better help if you labeled this topic something like "life settlement fund" or whatever the title is.
by BL
Thu Feb 04, 2016 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Participating Regular Premium Endowment Insurance Plan
Replies: 5
Views: 223

Re: Participating Regular Premium Endowment Insurance Plan

Haven't heard of any, but somewhere somehow probably there are. This sounds complicated and Bogleheads recommend not buying anything you don't fully understand. Perhaps you can get an illustration from them with guaranteed values to help you understand it. What is the cost of the insurance portion? ...
by BL
Thu Feb 04, 2016 2:02 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio
Replies: 4
Views: 602

Re: Retirement Portfolio

I wouldn't consider either selling or buying. I certainly couldn't stand wishing for someone to die so I could get some money! And I wouldn't want to be on the other side, either. Finra writes about commissions (aimed at original owner) : What are the transaction costs? Life settlements can have hig...
by BL
Thu Feb 04, 2016 12:48 am
Forum: Investing - Help with Personal Investments
Topic: First Post, two questions.....
Replies: 9
Views: 942

Re: First Post, two questions.....

You are getting advice on the other fund but tell us why you don't/can't invest more in 457. Does it have low-Expense Ratio index funds? If so, that may be a very good place to invest as would the 403b if you can find some low-ER funds. You could put up to 18K each if you have the money.
by BL
Thu Feb 04, 2016 12:26 am
Forum: Investing - Help with Personal Investments
Topic: Novice investor - should I transfer American Funds to Vanguard?
Replies: 12
Views: 1136

Re: Novice investor - should I transfer American Funds to Vanguard?

You will never pay taxes on the Roth in retirement (if you follow the 5-year rules) so that is wonderful. Most people have lower income and tax rate in retirement so it pays to defer now and pay later. The match is free money so don't miss that!
by BL
Thu Feb 04, 2016 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Leaving FA, plz help review new portfolio
Replies: 22
Views: 1506

Re: Leaving FA, plz help review new portfolio

@BL 1) "You might put ticker symbols into this Vanguard page.." - do you have a link by chance? think you forgot to include. Fixed. 2) I have not yet made my 2015 or 2016 IRA contribution - are you saying I should do Traditional IRA or these years? Good idea bout the backdoor roth, have h...
by BL
Wed Feb 03, 2016 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Stocks - Advice on Selling (Determinations and Taxes)
Replies: 11
Views: 498

Re: Inherited Stocks - Advice on Selling (Determinations and Taxes)

These stocks may have been suitable (or desirable) to the original owner, but that does not mean they are suitable for you. I suggest you sell all and get a fresh start with the 3-fund portfolio.
by BL
Wed Feb 03, 2016 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie, stuck in life insurance policy.
Replies: 18
Views: 1303

Re: Newbie, stuck in life insurance policy.

Read this and the link near the bottom:
http://whitecoatinvestor.com/5-reasons-not-to-buy-indexed-universal-life-insurance/

All I know is that he is a respected Boglehead who has studied this problem.
by BL
Wed Feb 03, 2016 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving FA, plz help review new portfolio
Replies: 22
Views: 1506

Re: Leaving FA, plz help review new portfolio

You might put ticker symbols into this Vanguard page to see which could be transferred in kind , if any. https://investor.vanguard.com/other-funds/ How terrible to be in CHTH that can't be found in Morningstar or other usual places except for the symbol! Do you have a time frame of when you can get ...
by BL
Wed Feb 03, 2016 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Participating Regular Premium Endowment Insurance Plan
Replies: 5
Views: 223

Re: Participating Regular Premium Endowment Insurance Plan

I would avoid this. It hasn't even come up in the threads I have read here so don't believe many Bogleheads consider it an option. Investments and insurance should never be mixed, either. It is probably much costlier than the usual Low-Expense Ratio bond funds at Vanguard, I-Bonds, or CDs or online ...
by BL
Wed Feb 03, 2016 8:35 am
Forum: Personal Finance (Not Investing)
Topic: CPA cost for handling Tax Return - Is this too much?
Replies: 18
Views: 2090

Re: CPA cost for handling Tax Return - Is this too much?

Perhaps find an enrolled agent experienced in that area, instead of a CPA, as it really doesn't sound very complicated (and I think you could also do it yourself if you take some time to study the regs.) Of course, if you use a CPA for other purposes such as planning, it may be well worth it.
by BL
Wed Feb 03, 2016 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over tiny Roth 401k
Replies: 4
Views: 383

Re: Rolling over tiny Roth 401k

If you don't take a Roth distribution before 59 1/2, it won't matter (well, the amount of profit on what has been in there less than 5 years would, if you empty it out). If you only take out less than you contributed, then you would not owe taxes. Just leave it alone and don't worry about it, as mos...
by BL
Wed Feb 03, 2016 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Do Tax Return or not for college graduate ?
Replies: 18
Views: 1216

Re: Do Tax Return or not for college graduate ?

If she is working at the same place as W-2 was issued, perhaps she can pick up a copy at work if she can't get her mother to give it to her or get a replacement w-2 otherwise. If she files on paper it might be easier to put in the end-of-year numbers for income and withholding, which could probably ...
by BL
Tue Feb 02, 2016 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 51
Views: 5091

Re: Friend is an Edward Jones financial advisor -- should I drop him?

Don't invest with him. Don't take advantage of him by discussing finances with him. You might even end up so guilty that you break down and invest even when you know it is not smart. He is doing what he is supposed to do: round up as many friends, acquaintances, and relatives as possible. They will ...
by BL
Tue Feb 02, 2016 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: question [Advisor suggests dividend paying funds/stocks]
Replies: 12
Views: 538

Re: question

Get the name of the fund and find both the portfolio and the expense on Morningstar. Expense would include loads, ER, ( including 12b-1 kickbacks to broker), etc. If it sounds too good to be true, there may be high risk involved. Vanguard has most ERs below 0.2%, and certainly below 0.5%, so why pay...
by BL
Tue Feb 02, 2016 11:06 am
Forum: Investing - Help with Personal Investments
Topic: In-laws retirement funds and Variable Annuity question
Replies: 5
Views: 502

Re: In-laws retirement funds and Variable Annuity question

In searching with Google, I found some information about annuities which I believe are useful and non-biased. I suggest you do a search on "in force illustration annuities" and look for non-biased info. State of Wisconsin has a pdf with some useful basic information. I believe they could g...
by BL
Tue Feb 02, 2016 3:00 am
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice - 37 year old newbie
Replies: 9
Views: 1253

Re: Seeking Advice - 37 year old newbie

If you can sell your balanced fund in taxable now without a lot of CG, I would do it. When stocks go up, you may have significant CGs in the future making it more costly to sell. Something like Total stock market or a Spartan equivalent is fine and possibly total international, and you could keep mo...
by BL
Tue Feb 02, 2016 2:12 am
Forum: Investing - Help with Personal Investments
Topic: Newbie, stuck in life insurance policy.
Replies: 18
Views: 1303

Re: Newbie, stuck in life insurance policy.

Search the threads here for "whole life". There are some experts who have chimed in. Be sure to note difference between newer (just a few years of premiums) and older policies (20 yrs more or less). Sometimes they may suggest to those who have older policies that the policy may be worth ke...
by BL
Tue Feb 02, 2016 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Contributions to Rollover IRA from 401k
Replies: 5
Views: 322

Re: Contributions to Rollover IRA from 401k

You could probably roll it back into the new 401k (ask new employer).

Start a new traditional or Roth IRA, depending on total income, and contribute up to 5500/person (6500 if older).
by BL
Tue Feb 02, 2016 12:37 am
Forum: Investing - Help with Personal Investments
Topic: Newbie, stuck in life insurance policy.
Replies: 18
Views: 1303

Re: Newbie, stuck in life insurance policy.

Ask for an in-force illustration to get the guaranteed numbers based on your monthly contributions and with extra annual contributions of X$. Find out what, if anything, you can get for cashing it in now. Agree that the 8% is some kind of fake number, not sure what. Look at the interest rates of bon...
by BL
Mon Feb 01, 2016 2:14 am
Forum: Investing - Help with Personal Investments
Topic: How to invest for disabled relative?
Replies: 9
Views: 468

Re: How to invest for disabled relative?

I don't think 25% stocks is too much and it would help keep up with inflation. Total U.S. Stock Market Admiral would help keep up with the US market. The rest could be in CDs, savings accounts, I-Bonds (keeps up with inflation), etc. An all-in-one fund could be considered: Target Retirement Income h...
by BL
Mon Feb 01, 2016 2:02 am
Forum: Personal Consumer Issues
Topic: Dual-military couple relocating to Vilseck, Germany :)
Replies: 23
Views: 1600

Re: Dual-military couple relocating to Vilseck, Germany :)

You could also do this by mail, but I don't know if it would save you time. Check the AAA site or state department: https://travel.state.gov/content/passports/en/go/safety/driving.html From AAA: If you are not able to visit your nearest AAA branch office, your IDP can be obtained through the mail. S...
by BL
Mon Feb 01, 2016 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Newbie investor. question regarding Vanguard index funds / IRA
Replies: 17
Views: 993

Re: Newbie investor. question regarding Vanguard index funds / IRA

Because of the loss of compounding income over the decades (the fixed index annuity has fees of perhaps 1% to 2% per year, well hidden in the prospectus), you will have more money at age 60 if you take it out now, rather than leaving it with them and pay the fees every year. By the way, the insuran...
by BL
Mon Feb 01, 2016 12:50 am
Forum: Investing - Help with Personal Investments
Topic: 23-Year-Old Investors Need Advice
Replies: 10
Views: 710

Re: 23-Year-Old Investors Need Advice

You can put $5500 in Roth for each of you for both 2015 by mid-April and 2016 by mid-April next year. My suggestion is the Balanced Fund in 401k with a Target Date fund which has 10% bonds (the similar Life Strategy Aggressive with 20% bonds would also work) in both Roths for a bit more simplicity, ...
by BL
Mon Feb 01, 2016 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Newbie investor. question regarding Vanguard index funds / IRA
Replies: 17
Views: 993

Re: Newbie investor. question regarding Vanguard index funds / IRA

Taxable Account -------------------- 35% - Vanguard Total Stock Mkt Idx (VTSMX) 45%? 45% - Vanguard Total Int Stock Mkt Idx (VGTSX) 35%? 20% - Total Bond Idx (VBMFX) Let me know what you think. Thanks! Did you reverse the amounts for the 35-45% funds? Usually we suggest 20-50% of stocks be Internat...
by BL
Sun Jan 31, 2016 2:25 pm
Forum: Investing - Theory, News & General
Topic: Calculating expense ratio with multiple funds
Replies: 20
Views: 940

Re: Calculating expense ratio with multiple funds

The portfolio's ER would never be higher than the highest ER (nor lower than the lowest ER).

If you had 50% at .5% and the other 50% was at 1.0%, the ending ER would be .75%.

If more funds at different rates, you need to do the math as illustrated above in this thread.
by BL
Sun Jan 31, 2016 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: New to BH; Advisor is suggesting changes
Replies: 24
Views: 2715

Re: New to BH; Advisor is suggesting changes

I'm actually pretty set for an emergency fund right now, thanks to my existing funds (which I haven't mentioned). I'm probably ok for the next 8 months. Is there any other advantage to selling that now? Now when you are lower income, and the taxable stocks are probably down from a year ago, you can...
by BL
Sun Jan 31, 2016 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 1666

Re: Newly retired and need help

Have you compared the SS PIA at full retirement age (66?) of the survivor vs your SS to help decide the order which makes the most sense? If you didn't have any retirement savings you might not have a choice, but I think you could do what works best for you long-term. Yes, the SSA gave me the numbe...
by BL
Sun Jan 31, 2016 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Help with whole life policy choices
Replies: 13
Views: 945

Re: Help with whole life policy choices

It looks like you may have a reasonable solution.

Just want to reiterate that buying the whole life was not the best decision, term is. We have all made some not-so-good decisions in our life, but deciding to keep it after having paid in for quite a number of years is a totally different choice.
by BL
Sun Jan 31, 2016 2:03 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 1666

Re: Newly retired and need help

Have you compared the SS PIA at full retirement age (66?) of the survivor vs your SS to help decide the order which makes the most sense? If you didn't have any retirement savings you might not have a choice, but I think you could do what works best for you long-term.
by BL
Sun Jan 31, 2016 1:25 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs Mutual Funds
Replies: 7
Views: 502

Re: ETFs vs Mutual Funds

If I am still awake, I believe that a 0.2% change in ER on 5k is about $10/year, not enough to worry about. Now if both dollar amount and ERs were much larger, it would build up to a much larger amount of money. Once you have 50k+, you can buy 3 Admiral funds and be paying the same price as equivale...
by BL
Sun Jan 31, 2016 12:35 am
Forum: Investing - Help with Personal Investments
Topic: 401K Advice Please?
Replies: 8
Views: 507

Re: 401K Advice Please?

I generally agree with points 1,2,3 above. As far as a Roth 401k is concerned, I believe it is better to stick with a tax-deferred traditional account until you can afford to fill both 18k in 401k and 5.5k in IRA, which may take a while. A possible exception might be if you were about to become a pr...
by BL
Sat Jan 30, 2016 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Issues with Investment Advisor...Help Pls
Replies: 9
Views: 1152

Re: Issues with Investment Advisor...Help Pls

What are the expense ratios (ERs) of the bank funds? What load do you pay, if any? While Vanguard funds are mostly under 0.20% ER, (some as low as .05%), you may be paying over 1% at the bank (part of that is the 12b-1 kickback to the banker) so that means at least 2%/year more cost that comes out o...

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