Search found 6256 matches

by BL
Thu Feb 23, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Retirement savings: Lots of $, job prospects weak
Replies: 26
Views: 2660

Re: Retirement savings: Lots of $, job prospects weak

You have the right idea. It should be fine.

Many of us would simplify and use just one bond fund rather than adding international (nothing wrong with it).

When you start your career, try to put most of your bonds in a 401k or IRA for tax-efficiency (or munis).
by BL
Thu Feb 23, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Tax filing for a recent college grad
Replies: 10
Views: 461

Re: Tax filing for a recent college grad

Good advice! I suggest using the 1040 even if she is eligible to use the others. Then she won't have to change in the future. (There are no financial advantages for her to use the others, even though I have run into several people who seem to think there are.) Research: 1. dependency (it is sometime...
by BL
Thu Feb 23, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: What are they trying to sell me here?
Replies: 27
Views: 2403

Re: What are they trying to sell me here?

Thank you all for the insightful responses. I figured something was fishy and the wording does make it sound like some type of whole life policy. No thanks. I'm going to continue to stay the course. Nisiprius's comment is making me feel like I should just avoid the event all together. Glad I can tr...
by BL
Thu Feb 23, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Retirement savings: Lots of $, job prospects weak
Replies: 26
Views: 2660

Re: Retirement savings: Lots of $, job prospects weak

That sounds good. Best of luck to you in your new endeavor.
by BL
Thu Feb 23, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: First Time Rebalancing Help Needed
Replies: 6
Views: 490

Re: First Time Rebalancing Help Needed

I agree that you are "close enough". Many here set rebalancing bands of plus or minus 5% or even more, and you are well within that. When you add money, you could just add where it is low and skip the other.
by BL
Thu Feb 23, 2017 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Retirement savings: Lots of $, job prospects weak
Replies: 26
Views: 2660

Re: Retirement savings: Lots of $, job prospects weak

I suggest you don't invest anything you may need within the next 5 years, so that it is there when you want it. This may include at least a 20% down payment on house, car, college costs, etc. Consider 1% savings account, CD ladder, 10k/yr I-Bonds, etc. You say "weak job prospects". Will yo...
by BL
Thu Feb 23, 2017 12:15 am
Forum: Investing - Help with Personal Investments
Topic: Need help with decision [leaving Edward Jones]
Replies: 6
Views: 321

Re: Need help with decision [leaving Edward Jones]

The no brainer part is to leave Ed Jones. Schwab, Fidelity and Vanguard all have a variety of inexpensive equity index funds these days. I think Vanguard continues to lead with a variety of low cost bond funds. Vanguard is presently having growing pains due to the huge influx of new money. I am cer...
by BL
Wed Feb 22, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: First Time Rebalancing Help Needed
Replies: 6
Views: 490

Re: First Time Rebalancing Help Needed

First of all, the IRA and taxable are totally separate. However, you can take dividends from taxable and do with them whatever is legal to do. If you are eligible to contribute X $ to an IRA by having earned income, then the "source" of how it came into your checking account doesn't matter...
by BL
Wed Feb 22, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Barney Style Instructions on a Taxable Investment Account
Replies: 6
Views: 528

Re: Barney Style Instructions on a Taxable Investment Account

You might want to have only stock index funds in taxable, if you have room for your bonds in TSP.
Rebalance in tsp mainly by adding new funds.
by BL
Wed Feb 22, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: I didn't report 1099-G?
Replies: 15
Views: 868

Re: I didn't report 1099-G?

IRS has the document as well and if you itemized deductions you lied mis-stated how much state tax you paid. They will contact you in a year or so, and you will pay.

An amended 1040X is the nice and simple way of fixing errors. You can't fix it with next year's 1040.
by BL
Wed Feb 22, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: What are they trying to sell me here?
Replies: 27
Views: 2403

Re: What are they trying to sell me here?

You are right to be suspicious because if you are one of those talked into it, you will be paying the cost and then some. Sounds like one of the new hybrid life insurance/LTC policies. You pay extra for guarantees and lots of fees so it is rarely a good deal. In the medical field you will probably h...
by BL
Tue Feb 21, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall, investing, insurance?
Replies: 39
Views: 1682

Re: Windfall, investing, insurance?

Whole live is a terrible deal for but great for the agent selling it. Just say no. Buy a million each in term for you and your wife. Wife should have total say over her inheritance. She should pay off any of her debts but you should handle yours without using her money. She should fund her retireme...
by BL
Tue Feb 21, 2017 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: What is a smart tax strategy?
Replies: 13
Views: 1317

Re: What is a smart tax strategy?

You might want to change the cost basis to Specific Id so you could sell lots which have little or no gains if you choose. I believe you could do this for "covered" funds and use the Vanguard calculated average cost for uncomvered funds (older than 2012?).
by BL
Tue Feb 21, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Help with choosing funds
Replies: 11
Views: 484

Re: Help with choosing funds

What is the ER on the Baird bond fund? If this is less than 0.3%, I think bond is better than TIPS (others may have a different view on this). There is a lot of overlap between PRIMECAP and Institutional Index. Because the ER is lower, I would only use Institutional index. Then I would a portion of...
by BL
Tue Feb 21, 2017 9:24 am
Forum: Investing - Theory, News & General
Topic: Tax Implications of Drawdown from Different Account Types
Replies: 13
Views: 680

Re: Tax Implications of Drawdown from Different Account Types

I suggest you get a tax program, a year old cheap one would do, or perhaps even an estimator, and do some "what-if's" as if you were retirement age with SS and withdrawing from various sources. It could be very helpful and informative. SS amounts to be taxed range from 0% to 85% of that SS...
by BL
Tue Feb 21, 2017 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Windfall, investing, insurance?
Replies: 39
Views: 1682

Re: Windfall, investing, insurance?

If both companies are rated highly, consider the lowest cost. A simple term should be comparable. Some look at pricing health differently. Once you start adding on riders and benefits, the company benefits the most. In 20 or 30 years, you should have retirement savings in place, children out of the ...
by BL
Tue Feb 21, 2017 12:04 am
Forum: Investing - Help with Personal Investments
Topic: Windfall, investing, insurance?
Replies: 39
Views: 1682

Re: Windfall, investing, insurance?

Yes, it is getting sold hard because it is a good profit to them. For a term estimate check https://www.term4sale.com/ for a rough estimate. My check showed about $745-$1000 per year for $2 mil 20 yr. level term. Invest the difference in a Total Stock Market index fund. Check with an independent ins...
by BL
Mon Feb 20, 2017 8:03 pm
Forum: Investing - Theory, News & General
Topic: Tax Implications of Drawdown from Different Account Types
Replies: 13
Views: 680

Re: Tax Implications of Drawdown from Different Account Types

Only the Capital gains from taxable are added to AGI. Roth is not added at all. All of tIRA is added. Deductions and exemptions are subtracted to get taxable income (line 43 of 1040). Capital gains taxes are pulled out and calculated separately. Since you are in 15% tax bracket, the rate is 0% for ...
by BL
Mon Feb 20, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: How do Taxes work with Mutual funds.
Replies: 21
Views: 1371

Re: How do Taxes work with Mutual funds.

Income from mutual funds comes either from dividends or from capital gains (or both). The rate at which they are taxed depends on your marginal tax rate and on whether they are "short term" or "long term" gains. Side note: since index funds do less trading of holdings through th...
by BL
Mon Feb 20, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: Tax Implications of Drawdown from Different Account Types
Replies: 13
Views: 680

Re: Tax Implications of Drawdown from Different Account Types

Only the Capital gains from taxable are added to AGI. Roth is not added at all. All of tIRA is added. Deductions and exemptions are subtracted to get taxable income (line 43 of 1040). Capital gains taxes are pulled out and calculated separately. Since you are in 15% tax bracket, the rate is 0% for C...
by BL
Sun Feb 19, 2017 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Older parents advice.
Replies: 29
Views: 2602

Re: Older parents advice.

FCISxC
has 1.1% ER including 0.65% 12b-1 kickback along with 1% deferred load.

SGENX
has 1.1% ER including 0.25% 12b-1 kickback along with 5% front load.

MEHQX
has 0.6% ER including 0.1% 12b-1 kickback.
by BL
Sun Feb 19, 2017 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on current situation?
Replies: 4
Views: 352

Re: Advice on current situation?

Realistically, I think you should do some reading in the Wiki and threads here.

Here is a great little pdf to get you started reading:
https://www.etf.com/docs/IfYouCan.pdf

Agree that investing in yourself may be the best investment.
by BL
Sun Feb 19, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: New Allocations after Inherited IRA
Replies: 7
Views: 441

Re: New Allocations after Inherited IRA

Do you have 401Ks? That might be a good place to rebalance, depending on cost of funds.

IRAs and 401ks are good places for bonds.
Total US stock and international are good anywhere.
by BL
Sun Feb 19, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Older parents advice.
Replies: 29
Views: 2602

Re: Older parents advice.

What does his full-service broker charge in fees, AUM, loads, etc.? It seems like it would eat up most gains from any fixed income.

Maybe better to do something simple with Vanguard or pay Vanguard PAS 0.3% AUM and get very low-ER funds.
by BL
Sun Feb 19, 2017 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Cash out 457(b)?
Replies: 4
Views: 464

Re: Cash out 457(b)?

If you are changing companies, can you roll it over to an IRA and convert to Roth IRA?
If it is a governmental 457, that should be possible.
by BL
Sun Feb 19, 2017 1:50 am
Forum: Investing - Help with Personal Investments
Topic: How do you invest the proceeds [from your RMD?]
Replies: 22
Views: 1770

Re: How do you invest the proceeds [from your RMD?]

We previously used it to buy total stock market in taxable. With QCD, it goes first to charities, that way the RMD is not taxed (we don't itemize).
by BL
Sun Feb 19, 2017 1:42 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs Traditional
Replies: 4
Views: 327

Re: Roth vs Traditional

I contribute the max $18000 to a Roth 401k and $5500 to a traditional IRA. My employer contributes a flat $5000, which is tax-deferred. My husband is self employed and contributes $5500 to Traditional IRA. Consider setting up his own 401k such as at Fidelity. IRA could probably be rolled into it, f...
by BL
Sun Feb 19, 2017 1:33 am
Forum: Investing - Help with Personal Investments
Topic: Mother's finances... lots of stuff spread all over
Replies: 10
Views: 1105

Re: Mother's finances... lots of stuff spread all over

I agree with Watty. Withdraw any authorization to buy and sell if they have it. You have some good ideas but have you considered Vanguard's low cost (0.3% AUM/year) PAS? She might be the perfect candidate for some good individual advice on transferring and setting it up at V. I believe you can talk ...
by BL
Sun Feb 19, 2017 1:16 am
Forum: Investing - Help with Personal Investments
Topic: New to Investing, [21 years old]
Replies: 14
Views: 795

Re: New to Investing, [21 years old]

I suggest reading "Getting Started" in the Wiki. Here is a great little pdf free online to get you started. It is full of good advice: https://www.etf.com/docs/IfYouCan.pdf When you get more saved you might consider the 3-fund portfolio (search here). No harm in sticking to the same Target...
by BL
Sun Feb 19, 2017 12:57 am
Forum: Personal Finance (Not Investing)
Topic: How to Split $10K Fed Tax Bill Between Husband and Wife
Replies: 38
Views: 1997

Re: How to Split $10K Fed Tax Bill Between Husband and Wife

I would pay pro rata based on your respective shares of the income, rather than worrying about the particular rate on particular income. You benefit from MFJ tax treatment from Uncle Sam--part of that is treating it all as one lump of household income, no matter the sources--so it would seem to mak...
by BL
Sun Feb 19, 2017 12:40 am
Forum: Investing - Help with Personal Investments
Topic: New to investing (25 yr/old). Diverse Vanguard Portfolio? Overlaps I am missing?
Replies: 55
Views: 2535

Re: New to investing (25 yr/old). Diverse Vanguard Portfolio? Overlaps I am missing?

Do you have a 401k available? If so, you could save a lot on taxes by contributing to that instead of taxable.
by BL
Sat Feb 18, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Math help needed. Calculating allocation Wellington Wellesley Total Bond to 30/70.
Replies: 22
Views: 1703

Re: Math help needed. Calculating allocation Wellington Wellesley Total Bond to 30/70.

Another way to think about this is: if Wellesley were 40/60 and LifeStrategy Income were 20/80 then a 50/50 mix of the two would split the difference and give you 30/70. Thanks "nisiprius". What about Wellesley 35/65 (VWIAX) and Target Retirement ( 30/70 VTINX) at 50/50 mix? The Target Re...
by BL
Sat Feb 18, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Inexperienced and starting to invest...suggestions on where to start?
Replies: 13
Views: 562

Re: Inexperienced and starting to invest...suggestions on where to start?

I highly recommend that you read this: http://www.etf.com/docs/IfYouCan.pdf Mr. Bernstein is well respected in the Boglehead community. It is written for young people with a long time horizon like you. +1 The three-fund portfolio has a long thread here and Wiki has a good page on it. This would be ...
by BL
Sat Feb 18, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Fund to Investor Shares
Replies: 11
Views: 571

Re: Vanguard Target Retirement Fund to Investor Shares

BL, would it not be smart to first get up to a certain point, and then buy the investor shares before then buying admiral shares? That was going to be the process I would take initially, but would it be ideal to just go from 2050 Target straight to the admiral shares and skipping the investor share...
by BL
Sat Feb 18, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Fund to Investor Shares
Replies: 11
Views: 571

Re: Vanguard Target Retirement Fund to Investor Shares

Yes, that would work if you want equal portions of each, or are willing to accept it until you can add more to some of the funds.

Perhaps just keep what you have until you have ~$50k, then you could buy Admiral funds of at least $10k each. That is what I would do.
by BL
Sat Feb 18, 2017 1:19 am
Forum: Investing - Help with Personal Investments
Topic: Active vs passive/index
Replies: 4
Views: 401

Re: Active vs passive/index

Costs are one thing you can control. Have you looked at each cost in each of your accounts and figured out the total cost per year? Then figure out the cost for 20-40 years, including the "lost" money you couldn't invest because it was siphoned off instead of invested. Low ERs(Expense Rati...
by BL
Sat Feb 18, 2017 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy on kids - prudent?
Replies: 35
Views: 1949

Re: Life insurance policy on kids - prudent?

Just be sure you and spouse have adequate term life insurance for protection of child and spouse.

No, insurance on child doesn't make sense. Also pulling out that money puts insurance policy at risk and could result in a collapse/forfeiture of policy with possible tax consequences.
by BL
Fri Feb 17, 2017 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a family member into retirement
Replies: 15
Views: 1686

Re: Helping a family member into retirement

For SPIAs I understand you could get info through Vanguard. Also to get estimates online, just look at the calculators at https://www.immediateannuities.com/ You want a highly rated company so they hopefully don't go broke or sell out before you are done with them. I believe your local independent i...
by BL
Fri Feb 17, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Inherited IRA
Replies: 23
Views: 883

Re: Help with Inherited IRA

Sounds like you need to make a choice between simply paying at V or existing location, or moving to a suitable place such as Fidelity where you can collect a bonus, sell, and buy desired V or other funds/ETFs. Then you either keep things there or move to V later after meeting time restrictions, etc....
by BL
Fri Feb 17, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: RMD timing question (turning 70.5 and still working)
Replies: 11
Views: 490

Re: RMD timing question (turning 70.5 and still working)

My father turned 70 a few days ago, so 2017 is the year in which he turns 70.5. He has several retirement accounts totaling around $1M (could be more, but close enough for the purposes of this question). He is still working, has a good income (don't know exact number but must be 33% federal), and h...
by BL
Thu Feb 16, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a family member into retirement
Replies: 15
Views: 1686

Re: Helping a family member into retirement

I think using it to delay SS as long as possible (up to age 70) is a great idea.

I like the Boglehead books. Also really like the basic ideas in the little free booklet,
https://www.etf.com/docs/IfYouCan.pdf
by BL
Thu Feb 16, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on a place to open an individual 401k
Replies: 2
Views: 86

Re: Need advice on a place to open an individual 401k

ruralavalon wrote:I believe that Fidelity individual 401ks allow rollovers from other plans.

+1
by BL
Thu Feb 16, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Small
Replies: 9
Views: 678

Re: Investing Small

Suggest you read this little pdf booklet that is packed with good info: https://www.etf.com/docs/IfYouCan.pdf There is also a long thread here on the three-fund portfolio. You will also need to decide whether to keep paying extra where you are or move to a low-cost place like Vanguard or pick low-ER...
by BL
Thu Feb 16, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Currently an Edward Jones client and need some advice
Replies: 32
Views: 2172

Re: Currently an Edward Jones client and need some advice

Search these threads for Edward Jones or EJ, etc, for other folks who suffered even longer.

Read Getting Started in Wiki and here is a little pdf to get you started:
https://www.etf.com/docs/IfYouCan.pdf
by BL
Thu Feb 16, 2017 1:34 am
Forum: Investing - Help with Personal Investments
Topic: New to investing (25 yr/old). Diverse Vanguard Portfolio? Overlaps I am missing?
Replies: 55
Views: 2535

Re: New to investing (25 yr/old). Diverse Vanguard Portfolio? Overlaps I am missing?

Low cost Vanguard funds are a good choice. You could do a simple 3-fund portfolio (see Wiki or a thread on this topic) such as is suggested in this great little free pdf Booklet: https://www.etf.com/docs/IfYouCan.pdf Total stock market and total international stock market would be very tax-efficient...
by BL
Sat Feb 04, 2017 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Starting roth - 65%stock/35%bonds too conservative @ 28years old?
Replies: 14
Views: 1383

Re: Starting roth - 65%stock/35%bonds too conservative @ 28years old?

I would put a portion of money in t401k and then save like crazy to knock out the smallest loan, then apply that required amount and any extra to next smallest balance, snowball fashion, as Dave Ramsey calls it, to pay each one off.
Read If You Can, ( see recommended books in Wiki.)
by BL
Tue Jan 31, 2017 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: 50 Year Old Late Starter With Questions
Replies: 58
Views: 6229

Re: 50 Year Old Late Starter With Questions

The only charge I can think of for accounts is if you have low balances and don't accept e-statements, then they could charge a low-balance fee. Otherwise buying and selling V funds or ETFs should not have fees, although selling or buying non-V funds might, I have never done that so am not sure.
by BL
Sat Jan 28, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Balances - Catch 22?
Replies: 17
Views: 1091

Re: Credit Card Balances - Catch 22?

Consumer.ftc.gov
Has info on counseling.
Do not use a card with a balance, preferably not ever.

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