Search found 7478 matches

by BL
Mon Jan 22, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 64
Views: 4016

Re: Should I buy a business or suck it up at a job(s) with a pension.

Right now you need to work hard on living well in the life you have right now. Do what you can to improve both your and your spouse's well-being and state of mind. Trade money for time when you can. You don't need the money from overtime, so only do it when you feel you must for work or co-worker re...
by BL
Mon Jan 22, 2018 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Using Roth IRA Funds to pay off NML cash value loan
Replies: 9
Views: 377

Re: Using Roth IRA Funds to pay off NML cash value loan

Yes, but if you die, they only get your death benefit, less the loan amount, none of the fancy "cash value", etc. Other than paid-up death benefit, you don't really gain much, if anything.

This is not great as a money-generating plan, only good if you really need death benefit. Do you?
by BL
Sun Jan 21, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: 250k investing sum and no idea what to do with it. [Singapore]
Replies: 12
Views: 642

Re: 250k investing sum and no idea what to do with it.

It does sound expensive.

I suggest you edit your title with your home country to attract folks with some knowledge of foreign investing.
by BL
Sun Jan 21, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Using Roth IRA Funds to pay off NML cash value loan
Replies: 9
Views: 377

Re: Using Roth IRA Funds to pay off NML cash value loan

I would first request an in-force illustration from the ins. company so you can look at guaranteed numbers. Consider whether you need life insurance. Is someone dependent on you? If you have grown children and retirement savings, the answer could be "no". That is a bad rate for the loan. Nevertheles...
by BL
Sun Jan 21, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: Starting LATE for retirement
Replies: 31
Views: 2236

Re: Starting LATE for retirement

Read about the 3-fund portfolio- it is good for all of us.
https://www.bogleheads.org/wiki/Three-fund_portfolio

Just save more and spend less:
https://www.etf.com/docs/IfYouCan.pdf
by BL
Sun Jan 21, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Figuring your tax bracket
Replies: 24
Views: 1773

Re: Figuring your tax bracket

So I would do the standard deduction (-24,000) and 2 kids (-4,000) on top of the other items that you mention above? Many thanks! I don't have kids, but I don't think that is how this works. The standard deduction comes off income. I think the child tax credit comes off the tax. See page 2 of form ...
by BL
Sun Jan 21, 2018 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Saturday Morning Panic and I-bonds
Replies: 8
Views: 1454

Re: Saturday Morning Panic and I-bonds

I was questioning my original reasons for opening the I-bond account, but have reframed my plan. Here is where I could use counsel from the group. I plan to continue to purchase I-bonds and slowly build up my balance there. I won’t have a huge balance, so it won’t affect my life that much. However,...
by BL
Sun Jan 21, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: We need more space!
Replies: 24
Views: 1898

Re: We need more space!

Watty wrote:
Sun Jan 21, 2018 12:13 pm
One more thought, with four kids it might make sense to pay more for a house in an OK school district instead of private school.
+1
If you move, do what you can to avoid private high school requirement.
by BL
Sat Jan 20, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA- 401K-Brokerage Account Prioritization
Replies: 5
Views: 254

Re: Roth IRA- 401K-Brokerage Account Prioritization

If you list the name, ticker, and ER (expense ratio) of the funds available in your 401ks, you can get suggestions on the best ones to use. There is no magic about stopping contributions at the match (except taking care of Roth contributions); in fact aiming at increasing contributions to 18.5k as s...
by BL
Sat Jan 20, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for in-kind transfers in the midst of the Gov't shutdown
Replies: 8
Views: 474

Re: Advice for in-kind transfers in the midst of the Gov't shutdown

if Monday makes you nervous, why not wait until Tuesday? Or ....

If you can't do it, there was probably no point in moving, however.
by BL
Sat Jan 20, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Need help investing $10K
Replies: 15
Views: 918

Re: Need help investing $10K

SeekingAPlan wrote:
Sat Jan 20, 2018 9:34 am
One fund + moderate risk + $10,000 to invest = VBIAX Vanguard Balanced Index Fund ER .07%
+1
Another good one (no international).
by BL
Sat Jan 20, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Accounts
Replies: 22
Views: 2150

Re: Edward Jones Accounts

I transferred ira and taxables out of EJ and just had to pay $95 on each account to close. Sold everything at Vanguard no selling fee Yes, have the list in hand when you call Vanguard to ask if you can transfer in kind and if/what it costs to sell each at V. EJ will have a closing cost for each acc...
by BL
Sat Jan 20, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Help with inherited investment account
Replies: 48
Views: 2583

Re: Help with inherited investment account

You know I am starting to think there might some merit in just parking it in VTMFX for now. If I get the hang of all this I could then move it around right? Maybe put the majority in that and a smaller portion in VTSAX. Maybe an 80/20 split between those two funds. This is all a little overwhelming...
by BL
Sat Jan 20, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Help with inherited investment account
Replies: 48
Views: 2583

Re: Help with inherited investment account

We are within income limits. Can I take a portion of the inherited money and put it towards the max Roth IRA? Then every year put $5500 in that account? A Roth accepts the money, it doesn't matter where it comes from. Keeping it separate in case of divorce could have another answer. You can have yo...
by BL
Sat Jan 20, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out my NML Whole Life Insurance?
Replies: 45
Views: 2986

Re: Should I Cash Out my NML Whole Life Insurance?

There are lots of insurance companies and lots of agents. It is time consuming but worth it to shop. Try a couple of independent agents. Contact the big companies that have captive agents or do direct sales. If one company does not offer what you want, move on. Planning to buy more insurance 10 or ...
by BL
Sat Jan 20, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Accounts
Replies: 22
Views: 2150

Re: Edward Jones Accounts

I am also in the process of moving accounts out of EJ, and was wondering if you might elaborate on As others have said, it's best to convert the Edward Jones IRA accounts to cash . Wouldn't you have to pay transaction fees to EJ which could run up to 2% of the holdings value? Thank you, and thank y...
by BL
Sat Jan 20, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Need help investing $10K
Replies: 15
Views: 918

Re: Need help investing $10K

You could get a single balanced fund, based on the % bonds you want. Life Strategy Aggressive: 20% bonds. LS Moderate: 40% bonds. LS Conservative: 60% bonds. I don't speak "ticker" language so have no idea what the tickers you quoted are. Anyway, since we don't know what you already have, tax bracke...
by BL
Sat Jan 20, 2018 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Mother In Law's new boyfriend...
Replies: 28
Views: 3291

Re: Mother In Law's new boyfriend...

I believe remarriage after age 60 would not affect SS survivor benefits.
by BL
Fri Jan 19, 2018 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Accounts
Replies: 22
Views: 2150

Re: Edward Jones Accounts

Yes, it is a bit nerve-wracking now, but you will be so glad later. A good way to start is to read this free 16-page pdf booklet written by a recommended author, Dr William Bernstein: https://www.etf.com/docs/IfYouCan.pdf Especially read Hurdle # 5, about advisers. You can go on the Vanguard website...
by BL
Fri Jan 19, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help with inherited investment account
Replies: 48
Views: 2583

Re: Help with inherited investment account

Just to clarify, the farm income (if you are not the farmer) does not qualify you for Roth IRA. However, if you or your spouse are working, and within income limits for Roth, it doesn't matter where the actual money comes from.
by BL
Fri Jan 19, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help with inheritance funds
Replies: 17
Views: 1807

Re: Help with inheritance funds

I think you need to decide whether to keep the funds separate or not. If used in a home, that is not keeping them separate. It might be a practical way of using the money, but that is not what you wanted earlier. Has anything changed? Perhaps asking the lawyer who set up your trust might help you de...
by BL
Fri Jan 19, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Need help investing $10K
Replies: 15
Views: 918

Re: Need help investing $10K

That is why I suggested the pdf. It lists Total Stock Market, total International stock market, and total bond market, but there is a world of good information besides that. There are both mutual funds and their identical ETFs. I prefer funds but some prefer ETFs.
by BL
Fri Jan 19, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Lost Job. Retirement/Portfolio Advice
Replies: 46
Views: 4275

Re: Lost Job. Retirement/Portfolio Advice

You haven't said whether you paid into SS while in previous job. If so, you will have a COLAd annuity from them that you can maximize (if expecting reasonable longevity) by delaying as long as comfortable, up to age 70. Have you signed up on the SS website to get your estimated payments (you may nee...
by BL
Fri Jan 19, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Need help investing $10K
Replies: 15
Views: 918

Re: Need help investing $10K

You don't give out any information to go by. All I can suggest is the equity funds mentioned in Dr. William Bernstein's book https://www.etf.com/docs/IfYouCan.pdf are quite suitable for a taxable account. Bonds are more suited to retirement accounts like 401k, IRA, Roth IRA, etc., although they may ...
by BL
Fri Jan 19, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Case For/Against Financial Advisor + Portfolio
Replies: 8
Views: 521

Re: Case For/Against Financial Advisor + Portfolio

Your adviser funds are too expensive. High ERs let the adviser get a high 12b-1 kickback of maybe 1% each year. You probably don't pay the 1% delayed loads on Class C funds unless you sell within a year, but they are plenty expensive without that, and of course, management fees would steal more of y...
by BL
Fri Jan 19, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with changed mind on IRA contrib.
Replies: 9
Views: 448

Re: Need help with changed mind on IRA contrib.

Have you considered converting it to a Roth IRA? Search for Backdoor Roth in the Wiki.
by BL
Fri Jan 19, 2018 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance !! Moving From Morgan Stanley ...
Replies: 9
Views: 1050

Re: Inheritance !! Moving From Morgan Stanley ...

When you say you could live on it, the Safe Withdrawal Rate guide is 4%/year inflating according to inflation numbers. If you need 100,000/yr, you would need to have 2.5 Million to be sure you have enough for 30 years of withdrawals. 1.25 Million should give you 50,000/year. Are those the kind of nu...
by BL
Thu Jan 18, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out my NML Whole Life Insurance?
Replies: 45
Views: 2986

Re: Should I Cash Out my NML Whole Life Insurance?

Have you played with term4sale.com ? It will show you rates for several companies. You can then get those rates with an independent agent, I used terminsurancebrokers.com +1 You probably have independent agents in your town or city. They can help you shop. term4sale has been recommended here, even ...
by BL
Thu Jan 18, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: [Virginia] Transfer on Death Deeds .. New Husband?
Replies: 42
Views: 1676

Re: [Virginia] Transfer on Death Deeds .. New Husband?

I am not ready to give up on this, I think the OP needs some good advice and/or a talk with the local Commissioner of Revenue. Each county is a little different and I would be upfront and honest in what I was trying to accomplish. I think many of the responses on here are great----prenup with waive...
by BL
Thu Jan 18, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help with inherited investment account
Replies: 48
Views: 2583

Re: Help with inherited investment account

I believe the gains from inheritance are called Long Term gains even if you have held them only a short time. So you are probably looking at 15% tax on those gains, if you are above the 15% tax bracket. The 3-fund portfolio in whatever ratio you choose would be good. Taxes on bonds at 22% shouldn't ...
by BL
Thu Jan 18, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Sell Home Depot?
Replies: 49
Views: 3522

Re: Sell Home Depot?

Have you turned off reinvesting dividends/capital gains? If not, suggest you do so now so you don't keep buying more of something you want to get rid of.

If you have been reinvesting, that looks like about $4000 more in basis that you won't have to pay CG tax on.
by BL
Thu Jan 18, 2018 12:13 am
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 75
Views: 2720

Re: Trying to help acquaintence - medicare costs

Glad you got it somewhat sorted out. You may as well check to see what is included for eyes, ears, and teeth. I know regular Medicare covers audiologist test (but not hearing aids), medical checks for cataracts and other medical problems (but not glasses or their prescriptions), and probably dental ...
by BL
Wed Jan 17, 2018 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor Bullied Me
Replies: 32
Views: 4743

Re: Vanguard Advisor Bullied Me

I suggest you take the time to post your whole financial situation according to suggestions in the "sticky" thread, Asking Portfolio Questions. It will not only help you get better suggestions here, but will help you "see" your overall finances and let you make the best decisions. It sounds like you...
by BL
Wed Jan 17, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2490

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

What % of your inheritance is it? Sometimes it is worth it to just pay and get it done after checking what you can. I would be sure to mention the name of the company at some point; maybe getting even is worth it. It might have been a mistake to mention you planned on moving it. Getting the name cha...
by BL
Wed Jan 17, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 2033

Re: Take a 401k Loan?

If I paid off $20k, my credit score would go back up to the 700s and I could be on the loan. I find that highly unlikely that your credit could improve that quickly with simply paying off a single debt. You said you could have it paid off in Jan 19, that is only a year away. Do that. Your credit sc...
by BL
Wed Jan 17, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Critique for my Father
Replies: 16
Views: 2018

Re: Retirement Critique for my Father

If they do contribute to charities, at age 70.5, they can do the "QCD" to charities with all or part of their RMD, thus eliminating taxes on that amount. Yes, tax rates go up when filing single as opposed to MFJ. Still not clear where the income from working part time is. Is it included in the incom...
by BL
Tue Jan 16, 2018 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about leaving your broker
Replies: 11
Views: 1142

Re: Questions about leaving your broker

If you are absolutely positive that the overall $ loss is there, it probably doesn't matter. Getting your STCL + LTCL while you can makes sense and could be important. Also values can change daily, so delays can change gains and losses quickly. The S&P 500 value might be one you could work around in...
by BL
Tue Jan 16, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance money
Replies: 5
Views: 912

Re: Inheritance money

"Leave it alone." might be good advice. Look at immediateAnnuities.com to see what is available in SPIAs (single premium immediate annuities) for a woman of her age in her state. It is not an investment, but a guarantee of continued income. It is certainly a reasonable solution for some or possibly ...
by BL
Tue Jan 16, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Best choices in horrible (IMO) 401k plan
Replies: 15
Views: 530

Re: Best choices in horrible (IMO) 401k plan

Not great, but the S&P 500 fund is a fine choice for a 401k plan. Just put everything in there. Hold bonds and international in your separate Roth accounts where you can buy whatever you like. No need to hold multiple funds in every account. Your portfolio can be treated as one. +1 You could check ...
by BL
Tue Jan 16, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Friend Got Laid Off - Advice Needed
Replies: 46
Views: 4961

Re: Friend Got Laid Off - Advice Needed

Is he on Linked-In or other social sites? There may be some networking opportunities there. Job-hunting should be a full-time job, once over the immediate shock. Let everyone know you are looking. Consider part-time jobs, lower-pay jobs, volunteering, etc., to keep occupied and/or keep some income c...
by BL
Mon Jan 15, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about leaving your broker
Replies: 11
Views: 1142

Re: Questions about leaving your broker

You don't say what funds (name, ticker, ER) you have and the unrealized gains/losses of each fund subject to CG/CL. You have gotten good advice based on the limited info you supplied, but listing things as suggested in Asking Portfolio Questions could possibly change some suggestions. However, chang...
by BL
Mon Jan 15, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice for $50K in Taxable Account
Replies: 9
Views: 1117

Re: Investment Advice for $50K in Taxable Account

Look at the 3-fund portfolio as a better sample. The Target date fund is a slight variation of that.

List all his available funds, or at least search each one carefully for 0.xx ER. Check carefully on Index, S&P 500, Vanguard, etc. funds. So many people miss that single lower-priced fund!
by BL
Mon Jan 15, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Mom (86) -Recommended Investments/Assett Allocation
Replies: 6
Views: 654

Re: Mom (86) -Recommended Investments/Assett Allocation

Mom (86) in good health; Owns home and ~1 Mill in monetary assets; recommended investments & mix. Has maturing CDs, Munis & EE Savaings Bonds -what do u recommend to do with these ( ~100,000 K already in Vanguard Index ) Thanks What index fund is it? I would not increase % of stock funds much if an...
by BL
Sun Jan 14, 2018 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: New investor - need advice on $50K investment
Replies: 3
Views: 413

Re: New investor - need advice on $50K investment

I suggest the 3-fund portfolio, in whatever ratio you decide. A Target Date fund would be an even simpler solution.
by BL
Sun Jan 14, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Unwinding Stocks - Where to Start?
Replies: 21
Views: 1316

Re: Unwinding Stocks - Where to Start?

livesoft wrote:
Sun Jan 14, 2018 11:58 am
BL means they didn't actually read carefully. You have no mutual funds with C shares.
Thanks. It wasn't a fund; I didn't read carefully.
by BL
Sun Jan 14, 2018 7:44 pm
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 107
Views: 6382

Re: Looking for a reasonably priced, safe international destination

If you go the the Netherlands, your kids might like Madurodam, the miniature city. Our kids loved it decades ago. Madurodam is a miniature park and tourist attraction in the Scheveningen district of The Hague in the Netherlands. It is home to a range of 1:25 scale model replicas of famous Dutch land...
by BL
Sun Jan 14, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Unwinding Stocks - Where to Start?
Replies: 21
Views: 1316

Re: Unwinding Stocks - Where to Start?

Check ERs on CL C funds.
by BL
Sun Jan 14, 2018 12:50 am
Forum: Personal Consumer Issues
Topic: Books on managing (household) finances for couples
Replies: 13
Views: 1135

Re: Books on managing (household) finances for couples

I learned from Jane Bryant Quinn over the years. She has a book that is really a reference for many personal finance questions: Making the Most of Your Money Now: The Classic Bestseller Completely Revised for the New Economy Hardcover – December 29, 2009 by Jane Bryant Quinn (Author) 4.6 out of 5 st...
by BL
Sat Jan 13, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund Assets Allocation
Replies: 2
Views: 277

Re: Target Date Fund Assets Allocation

It is a good idea to look at all family accounts as one. Maybe you could add more bonds somewhere else, such as your 401k, if she is satisfied?? Target funds don't have to be bought according to date, so she should feel free to change to a nearer date. Some people are satisfied with 10% bonds, other...
by BL
Sat Jan 13, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Help with young family portfolio
Replies: 12
Views: 1084

Re: Help with young family portfolio

Long time lurker - first time poster... I’m looking for some advice about my next step. I’ll admit most of the numbers I see on here are huge (it seems everyone on here has a ton of income and net worth), so I’ll provide a more modest look into financial planning. Age - 31, married two kids Househo...