Search found 5491 matches

by BL
Sun Aug 28, 2016 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Advice for unemployed 64-year old broke friend
Replies: 41
Views: 2784

Re: Advice for unemployed 64-year old broke friend

Make looking for work his full time job. Look for all types of work from his profession to greeter, janitor, etc. Also doing related volunteer work might help him build a resume. Contact county or city senior assistance office (ask at a senior center if necessary) to see if there are any free or low...
by BL
Sat Aug 27, 2016 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Spousal Benefits - Basics
Replies: 23
Views: 1572

Re: Social Security - Spousal Benefits - Basics

If i retire (whatever age), there will also be SS Spousal benefit. If I am getting my PIA (at FRA) is $3000, my wife will also get $1500 since she will be above FRA (even though she has not worked to reach credit) so totally...I will be getting a check of $4500 a certain amount depending on when I ...
by BL
Sat Aug 27, 2016 11:22 am
Forum: Investing - Help with Personal Investments
Topic: $2.2M Windfall
Replies: 36
Views: 3984

Re: $2.2M Windfall

The response above sounds like great advice coming from the voice of experience by cockersx3.
by BL
Sat Aug 27, 2016 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Should my mother surrender her insurance policy
Replies: 7
Views: 676

Re: Should my mother surrender her insurance policy

If she keeps not paying the premiums, eventually the policy might lapse. She told me that the premiums are all paid up - she is no longer required to pay them. She still needs to watch it, though. She is probably fine for a while, but as the cost of insurance increases, the cushion could get used u...
by BL
Fri Aug 26, 2016 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should my mother surrender her insurance policy
Replies: 7
Views: 676

Re: Should my mother surrender her insurance policy

I would ask Vanguard about 1035? tax-free conversion to an immediate annuity. She might be able to get ~850/month for life and just pay partial taxes annually on that. I have no personal experience, sorry. You should probably get an in-force illustration from her insurance company to see the numbers...
by BL
Fri Aug 26, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Spousal Benefits - Basics
Replies: 23
Views: 1572

Re: Social Security - Spousal Benefits - Basics

1. My wife has earned only a few SS credits; nowhere near 40. At some point, she'll be eligible for a spousal benefit of about 50% of my retirement benefit; I'll be able to collect my retirement benefit, too. So, between the two of us, we'll get about 150% of my retirement. Is that basically correc...
by BL
Fri Aug 26, 2016 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for single 32 year old
Replies: 51
Views: 3687

Re: Investment advice for single 32 year old

Congratulations for getting this going!

Here is an example of about "age - 10" in bonds in nice round numbers for a 3-fund portfolio (search Wiki):

50% total stock
30% total Int
20% total bond

or
55-60% US stock
25-20% int
20% bonds
by BL
Fri Aug 26, 2016 7:44 am
Forum: Investing - Theory, News & General
Topic: Dividend question
Replies: 4
Views: 312

Re: Dividend question

I've read on this forum how dividends just lower the NAV of a mutual fund, and I've also read that "when counting dividends" the S&P 500 during this or that period actually did better than the charts show. Is there a contradiction here, or am I missing something, which is more likely....
by BL
Fri Aug 26, 2016 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account or non-deductible tIRA? [Discontinue nondeductible contributions?]
Replies: 37
Views: 755

Re: Taxable account or non-deductible tIRA? [Discontinue nondeductible contributions?]

How to change.... From My Accounts page (which is where I got to when I signed in, on the right is a list of services. Go down to MORE to get to HOLDING LEVEL DIVIDEND AND CAPITAL GAINS ELECTIONS. This allows you to make changes. ACCOUNT MAINTENANCE Dividends and capital gains Address and phone Bank...
by BL
Thu Aug 25, 2016 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: How much PrimeCap vs Total Stk Mkt
Replies: 25
Views: 1618

Re: How much PrimeCap vs Total Stk Mkt

Do what you will on your account, but please don't push for this for your mother. I suggest simplifying rather than complicating. You are already tilting so that should be more than enough. Three funds is more simple. The fund may or may not continue to out-yield TSM. She is pretty aggressive alrea...
by BL
Thu Aug 25, 2016 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: How much PrimeCap vs Total Stk Mkt
Replies: 25
Views: 1618

Re: How much PrimeCap vs Total Stk Mkt

Do what you will on your account, but please don't push for this for your mother. I suggest simplifying rather than complicating. You are already tilting so that should be more than enough. Three funds is more simple. The fund may or may not continue to out-yield TSM. She is pretty aggressive alread...
by BL
Thu Aug 25, 2016 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Variable Universal Life?
Replies: 11
Views: 551

Re: Variable Universal Life?

Suggest she get an "in-force illustration" from the company so you can see the actual guaranteed values now and in the future. I found a couple of Boglehead expert blogs that are critical: https://thefinancebuff.com/10000-lesson-on-variable-universal-life.html http://whitecoatinvestor.com/...
by BL
Wed Aug 24, 2016 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Max HSA If Investment Options Suck?
Replies: 3
Views: 290

Re: Max HSA If Investment Options Suck?

My workplace contributes $1,000 annually to HSA account, offered through UMB Bank. The account is set up such that any money in the account above $1,000 gets placed in Fidelity Investments Money Market (FMPXX, er = 0.18%). There don't appear to be other investment options. Any advice is appreciated...
by BL
Wed Aug 24, 2016 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned I'm investing at peak
Replies: 31
Views: 3726

Re: Concerned I'm investing at peak

Suggest you do some reading in the Wiki and here and look for recommended books so you can read one or two. Here is a free quick start pdf: https://www.etf.com/docs/IfYouCan.pdf It is good to plan your overall portfolio using low-ER Total Market funds when possible. Vanguard (and some others) Total ...
by BL
Wed Aug 24, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Savings Account
Replies: 8
Views: 934

Re: Advice on Savings Account

Perhaps you could put it toward your principal to shorten your mortgage time frame, or even consider re-financing to a shorter term with lower rates but possibly higher payments.

There is no guaranteed rate that high that I know of.
by BL
Wed Aug 24, 2016 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned I'm investing at peak
Replies: 31
Views: 3726

Re: Concerned I'm investing at peak

Did you have some of this money when the markets were lower earlier this year? If so, why did you not invest it then? The reason I ask is there is never a perfect time except when looking back. Do what makes you comfortable; just get started, or you will be asking the same question next year. (Whate...
by BL
Wed Aug 24, 2016 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Help Investing for Retirement
Replies: 20
Views: 1151

Re: Beginner Help Investing for Retirement

You have gotten some good suggestions. Index funds at either Fidelity or Vanguard would work. This page has suggestions of 3-fund portfolios at various places: https://www.bogleheads.org/wiki/Three-fund_portfolio You probably don't need an advisor, but if you want one to get you started, I would onl...
by BL
Wed Aug 24, 2016 1:44 pm
Forum: Personal Consumer Issues
Topic: Qualifying for SS Disability
Replies: 16
Views: 1705

Re: Qualifying for SS Disability

I've just gone through something similar this last year. Here are some things that I learned: - You can start a claim over the phone just as easily as in person. - Basically anyone can start the application for SSDI, but after that, they will only talk to the actual person, unless you become a &quo...
by BL
Tue Aug 23, 2016 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my Mother's investments
Replies: 9
Views: 663

Re: Help with my Mother's investments

The 12b-1 fee is part of the high ER so the ER includes it; you don't need to add it again. The deferred load ones are probably Class C funds which have a higher ER than Class A where you pay a load up front. This will work out to your advantage since it takes a few years to get even on the Class A ...
by BL
Tue Aug 23, 2016 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Are all of these 401k options terrible?
Replies: 17
Views: 1136

Re: Are all of these 401k options terrible?

Your Per Pay Period Contributions* 5% 8% 10% 50% Your pre-tax contribution $118.75 $190.00 $237.50 $1,187.50 Company match $59.38 $59.38 $59.38 $59.38 Total contribution $178.13 $249.38 $296.88 $1,246.88 Take home pay reduced by (estimated) $89.06 $142.50 $178.13 $938.13 Can anyone help me interpre...
by BL
Tue Aug 23, 2016 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for 28 Year Old Hippie
Replies: 41
Views: 4456

Re: Annuity for 28 Year Old Hippie

Is it the 28 yr old himself asking you for advice, or is it his brother? The brother probably can't tie up the money that belongs to his brother without establishing guardianship. I am wondering if a Wellesley fund at Vanguard with income going to the young man would possibly be an option? It would ...
by BL
Tue Aug 23, 2016 8:22 am
Forum: Investing - Help with Personal Investments
Topic: High Income and Confused
Replies: 21
Views: 3067

Re: High Income and Confused

Hello, I am new to the investing world, am confused and looking for guidance. I started a business 2.5 years ago that is doing well. About my situation: - I am 40 years old and my spouse is 35 - Currently family income of $400K + - We are renting our home and have 2 young children - $32K in automob...
by BL
Tue Aug 23, 2016 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Should I do Roth conversions?
Replies: 10
Views: 785

Re: Should I do Roth conversions?

Putting the numbers into a tax program is probably the best way to understand what the tax consequences are. My "gut" reaction is not to do Roth conversions. With the possible increase in SS taxation, it could be a higher equivalent tax rate than it seems. For now you are balancing Romneyc...
by BL
Tue Aug 23, 2016 12:48 am
Forum: Personal Consumer Issues
Topic: Eyeglasses Problem - how to fix? Any Opticians Out There?
Replies: 24
Views: 1968

Re: Eyeglasses Problem - how to fix?

Is there a supervisor you can speak with? Are they in the optometrist's building?
If this is not through insurance, it might be easier to cancel and start over. Insist that you get your refund or go to CC company and dispute the charges.
by BL
Tue Aug 23, 2016 12:29 am
Forum: Investing - Help with Personal Investments
Topic: High Income and Confused
Replies: 21
Views: 3067

Re: High Income and Confused

You sound like a good candidate for Vanguard's Personal Advisory Service, probably the lowest cost advisory service around at 0.3%/year, when most advisors charge 1% or more and sell you funds which may cost nearly that much as well and they may not suggest what is best for you. V will put you into ...
by BL
Mon Aug 22, 2016 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: 30 and 29 y.o. married couple portfolio and plans
Replies: 12
Views: 1462

Re: 30 and 29 y.o. married couple portfolio and plans

It is looking quite good. Is it possible that the 401k has even one low-ER fund such as something that follows the S&P500? Using that and doing a slight adjustment in IRA could keep AA in line.
by BL
Mon Aug 22, 2016 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?
Replies: 85
Views: 6286

Re: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?

There's a pretty good slew of web pages saying "You Can Make Money Easy At Home Just By..." doing various things, and this looks like one of them: https://s9.postimg.org/q2n78z0xb/Captura_de_pantalla_2016_08_22_a_las_3_19_29_PM.png If you like this idea why not do it yourself? Then you wo...
by BL
Mon Aug 22, 2016 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: State imposes fine for underwitholding after a Roth conversion
Replies: 11
Views: 947

Re: State imposes fine for underwitholding after a Roth conversion

Can't you do the withholding by adding a fixed dollar amount to the highest rate?
by BL
Mon Aug 22, 2016 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Definition of an "Estate"?
Replies: 17
Views: 1022

Re: Definition of an "Estate"?

Try to find or obtain an EOB (explanation of benefits) listing from Medicare and his supplemental insurance company. It sounds like one way to get info from Medicare is through this: https://www.medicare.gov/MedicareOnlineForms/AuthorizationForm/OnlineFormStep.asp where you prove you are authorized ...
by BL
Mon Aug 22, 2016 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for First Time Homebuyer
Replies: 16
Views: 1128

Re: Advice for First Time Homebuyer

I would say, Wait until you have settled into your job a few years, your girlfriend has a job, and you get married or maybe even wait till you have a child. I would not depend on rent for a primary home. Perhaps you might decide to do it in the future, but that would be when you can afford not to do...
by BL
Mon Aug 22, 2016 10:42 am
Forum: Investing - Help with Personal Investments
Topic: SS question on spousal benefit
Replies: 5
Views: 725

Re: SS question on spousal benefit

Her benefit as your spouse is calculated based on your PIA rather than based on your actual monthly benefit. That is, the age at which you claim your retirement benefit doesn't affect the amount of her spousal benefit. (It would, however, affect her benefit as your widow, should that become applica...
by BL
Sun Aug 21, 2016 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help on asset allocation
Replies: 7
Views: 460

Re: Help on asset allocation

H's 401K: account1 - $200K in a single stock ; account2 - $32k (33% in Pioneer Bond Fund, 66% State Street sp500 Index); Contribution: $18K/yr W's 401K: $200K most of them in a single stock ; $50K in multiple funds Emergency fund: $150k in bank checking account Long-term investment Brokerage Accoun...
by BL
Sun Aug 21, 2016 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Mom Requests Portfolio Advice - leaving Ed Jones
Replies: 12
Views: 1339

Re: Mom Requests Portfolio Advice - leaving Ed Jones

I wonder if she could set the funds she hopes to sell to Specific ID cost basis. Then you could sell specific lots of funds purchased since Dec 31, 2011, based on the CGs of those lots. I would plan to use average cost for the uncovered lots purchased before that time, but you still have to come up ...
by BL
Sun Aug 21, 2016 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?
Replies: 43
Views: 2270

Re: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?

I have 8% of my overall portfolio in high yield bonds. I'm thinking I could reduce the overall risk of the portfolio by shifting some of that into intermediates. All the HY bonds are in retirement accounts. This sounds like a great idea! This is somewhat like an equity fund so not good at reducing ...
by BL
Sun Aug 21, 2016 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Tips for Term [determining term insurance needs]
Replies: 10
Views: 769

Re: Tips for Term [determining term insurance needs]

Have you compared the costs at a place like https://www.term4sale.com/ ? Perhaps there is little savings between one larger policy and 3 smaller shorter ones. Are you aware of Social Security benefits for children approx. through h.s. and for caretaker parent until child is 16? Check on what your st...
by BL
Sun Aug 21, 2016 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Oppenheimer Money Market Fund/IRA Rollover Account
Replies: 3
Views: 223

Re: Oppenheimer Money Market Fund/IRA Rollover Account

If she is without a job and going to school, might she not be in the 0-10% bracket then? That would be even better for converting the 401k/IRA to a Roth. Will she have any taxable income?
by BL
Sun Aug 21, 2016 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?
Replies: 43
Views: 2270

Re: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?

I found a brief description of covered/uncovered shares here: http://www.usfunds.com/investing-with-us/faqs/cost-basis-faqs/what-are-covered-and-non-covered-shares/ Any purchases from January 1, 2012 is when shares are covered and the cost basis on these must be reported to IRS by the holding compan...
by BL
Sun Aug 21, 2016 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Timing for RMD withdrawals?
Replies: 33
Views: 2700

Re: Timing for RMD withdrawals?

My take from all this is that it is best to do what is most convenient for you, whether that is all in January, all in December, spread out in monthly, or quarterly withdrawals. As long as you don't miss year-end deadlines (which could be a problem if you die or become ill during the time of planned...
by BL
Sun Aug 21, 2016 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Oppenheimer Money Market Fund/IRA Rollover Account
Replies: 3
Views: 223

Re: Oppenheimer Money Market Fund/IRA Rollover Account

Does she have some low-ER/index funds in her new 401k? If so, find out from them if she can roll her IRA into that. Otherwise a Vanguard Target Date or Life Strategy or Balanced fund would be just fine at Vanguard. She will need to agree to e-statements to avoid low account value fees.
by BL
Sat Aug 20, 2016 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Help for my elderly mom
Replies: 19
Views: 1379

Re: Help for my elderly mom

I didn't see whether she also has to pay a management fee or not. If not, the American funds are not too bad. Just don't buy any more. The front loads are a sunk cost. You mention deferred loads, but these are all Class A funds so that is with the load up front. If you are going to stay in stocks, p...
by BL
Sat Aug 20, 2016 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?
Replies: 43
Views: 2270

Re: Asset Reallocation Dilemma: Can I Avoid the Tax Hit?

3) Unfortunately I didn't have that foresight. I believe my method is average cost basis which I don't believe can be changed. If you haven't sold any shares, then you can change your cost basis method now. +1 Then sell any lots with low or no gains. Be sure all purchases are all in bonds until you...
by BL
Sat Aug 20, 2016 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help for my elderly mom
Replies: 19
Views: 1379

Re: Help for my elderly mom

Your broker, advisor, or paper or online statements should have unrealized gains listed somewhere. It takes a single click to get it from Vanguard accounts page.
by BL
Sat Aug 20, 2016 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Sold startup at age 25, need portfolio help!
Replies: 12
Views: 2543

Re: Portfolio Help, age 25, $1.4MM NW

I suggest you do a little reading such as these recommended books and free pdf:
https://www.bogleheads.org/wiki/Books:_recommendations_and_reviews
by BL
Sat Aug 20, 2016 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to retire
Replies: 8
Views: 1346

Re: Is it possible to retire

Are you saying you won't ever have SS or are you waiting until age 70?
Have you included health insurance?
by BL
Sat Aug 20, 2016 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: annuity with long term care benefits
Replies: 10
Views: 688

Re: annuity with long term care benefits

Does your current LTC offer reduced coverage or reduced inflation amounts as an alternative to huge increase in current coverage?
by BL
Sat Aug 20, 2016 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Debt Free - Now What
Replies: 37
Views: 3372

Re: Debt Free - Now What

Bottom line: fill the TSP and 401k (using low-ER index funds) and put the ?25% tax savings in taxable. You could use TSP Roth if you prefer since you expect a pension, and especially when deployed with tax-free income.
by BL
Fri Aug 19, 2016 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Is the Vanguard Variable Annuity a Fit?
Replies: 8
Views: 741

Re: Is the Vanguard Variable Annuity a Fit?

Jack FFR1846 wrote:SPIA

the end

+1
by BL
Fri Aug 19, 2016 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Where should I invest: wife's 401k or my 457?
Replies: 6
Views: 337

Re: Where should I invest: wife's 401k or my 457?

The fund lineup of your 457 plan is one of the better ones that I have seen here: Vanguard Total BondMarket Index Fund -Institutional Plus Shares VBMPX Intermediate-Term Bond 0.05% Vanguard Wellington Fund -Admiral Shares VWENX 8957 Moderate Allocation 0.18% Vanguard Institutional Index Fund - Plus...
by BL
Fri Aug 19, 2016 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Question - Global Atlantic ForeIncome
Replies: 17
Views: 731

Re: Annuity Question - Global Atlantic ForeIncome

I have no idea how to do "due diligence." It is all Greek to me. The above is the best reason for not buying it. If it were simple, no one would buy it, so they have to hide the costs and rely on the salesperson to "sell" you on it, and it doesn't really matter to him what he sa...

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