Search found 6422 matches

by BL
Thu Mar 30, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Laddering Employer Group Term Life Policy with Individual Policy
Replies: 9
Views: 385

Re: Laddering Employer Group Term Life Policy with Individual Policy

Have you also considered SS income for your children?

term4sale.com could be checked for a quick idea of rates.
by BL
Wed Mar 29, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Advise needed to help investing for the first time
Replies: 12
Views: 579

Re: Advise needed to help investing for the first time

When you eventually invest in taxable, choose tax-efficient funds like Total stock market or total international. Hi BL, Thank you for commeting on this post. So choosing the "Target Retirement 2045 Fund (VTIVX) - expense ratio 0.16% fund" would be a good choice for my taxable account sin...
by BL
Wed Mar 29, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: An Edward Jones Financial Advisor stopped by my house and spoke with my wife
Replies: 92
Views: 7779

Re: An Edward Jones Financial Advisor stopped by my house and spoke with my wife

There are 4 EJ offices in a town nearby with a population of <10k. Each is a home-grown person with family, friends, associations, etc., in common with a lot of folks. EJ must be raking in lots of commissions to support that much real estate and 4 salespersons. There isn't much local competion outsi...
by BL
Wed Mar 29, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio vs. all-in-one fund
Replies: 34
Views: 3580

Re: 3 fund portfolio vs. all-in-one fund

...i think i'd prefer to get as close as possible to the 3 fund portfolio - rather than just a rough approximation or "close enough". Given that a few percentage points one way or another won't be significant, how close is "close enough" vs. "as close as possible"? +1 ...
by BL
Tue Mar 28, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice needed
Replies: 6
Views: 469

Re: Insurance Advice needed

Some ideas: You could use the dividends to pay premiums and additional paid up insurance; perhaps no 1099 then?? You could drop a comparable term insurance if you do decide to keep this one, or just consider it an extension of what you already have. Since it is this old, it is not such a bad deal. I...
by BL
Tue Mar 28, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Helping my MIL figure out her holdings (Success! at least mostly)
Replies: 47
Views: 3977

Re: Helping my MIL figure out her holdings (Success! at least mostly)

I found the $8,200 Legal Claimant Services was talking about! :happy :D :happy :D Yesterday I got the forms in the mail from Ohio Unclaimed Funds after I called last Friday. There were 3 small claims, each less than $10. One was "Comcast Corp" for "Dividends" I was very hopeful ...
by BL
Tue Mar 28, 2017 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Critique My AA
Replies: 10
Views: 576

Re: Critique My AA

Have you done some reading here in the Wiki? Here is a small pdf to get you started. Choose the proportions based on when you might need the money and your resistance to panic selling. Target fund would accomplish the same as 3-fund portfolio. Choose the date based on the desired % bonds. If this is...
by BL
Tue Mar 28, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Transfer-In-Kind: Cost Basis Considerations for Non-Covered Shares
Replies: 20
Views: 821

Re: Transfer-In-Kind: Cost Basis Considerations for Non-Covered Shares

livesoft wrote:I'll just throw this out there:
In Texas 100% of jointly-held assets get stepped up in basis and not just half of them.

Yes, I forget community property states have different rules.
by BL
Tue Mar 28, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Anything unique for withdrawls from 3Fund after age 60?
Replies: 9
Views: 785

Re: Anything unique for withdrawls from 3Fund after age 60?

soazfree wrote:
BL wrote:
I kept the shares of Fid New Mkt FNMIX since I didn't want to pay the early redemption penalty

Since your 90 days are long over, why not dump this and go with low-ER fund(s)?


Yep I've been thinking if I should just blend it all into my core 3 Fund

Perfect!
by BL
Mon Mar 27, 2017 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: Anything unique for withdrawls from 3Fund after age 60?
Replies: 9
Views: 785

Re: Anything unique for withdrawls from 3Fund after age 60?

I kept the shares of Fid New Mkt FNMIX since I didn't want to pay the early redemption penalty

Since your 90 days are long over, why not dump this and go with low-ER fund(s)?
by BL
Mon Mar 27, 2017 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer-In-Kind: Cost Basis Considerations for Non-Covered Shares
Replies: 20
Views: 821

Re: Transfer-In-Kind: Cost Basis Considerations for Non-Covered Shares

Be sure to copy any cost basis information (unrealized gains) that you can find from the old broker. That will protect you somewhat if they lose it in transfer. I don't know any way to separate the stepped up part from the non-stepped up part. I think whatever you sell is just considered half-steppe...
by BL
Mon Mar 27, 2017 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Helping parents convert savings to assets
Replies: 6
Views: 664

Re: Helping parents convert savings to assets

Do you have a tax program where you could do some "what-ifs" on their taxes? Last year's would be close enough. Anything that increases AGI might make some more SS taxable, for instance. It doesn't sound like their tax rate would be much greater in future years, so that would not encourage...
by BL
Mon Mar 27, 2017 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: How much to invest in 401k vs taxable account.
Replies: 34
Views: 1789

Re: How much to invest in 401k vs taxable account.

Since there are several credits involved, some you get even if you don't owe any taxes, but Saver's Credit only reduces taxes, I suggest you get a tax program, (or a friend with one,) and try various 401k contributions (and/or trad IRA contributions which can still be done for last year) to reduce y...
by BL
Mon Mar 27, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Advise needed to help investing for the first time
Replies: 12
Views: 579

Re: Advise needed to help investing for the first time

The reason i was interested in the Vanguard Balanced Index Fund Admiral Shares (VBIAX) was because it diversifies it's portfolio for you. However if i can get more money out of combining these myself i would do that. Vanguard Target funds are also low-ER, diversified, and simple. A 3-fund portfolio...
by BL
Mon Mar 27, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: Our technology is old...advice on upgrading...
Replies: 53
Views: 3130

Re: Our technology is old...advice on upgrading...

Set aside money for replacements.

If you need something, get it. If you want (and can afford), take your time and watch for "deals".
by BL
Mon Mar 27, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Question on managing own 403b
Replies: 16
Views: 720

Re: Question on managing own 403b

Been lurking for awhile and finally decided to join and get some input. I have a403b worth about $150,000 I have been having managed by Ameriprise rep. I told him I was willing to take some risk at this point and we agreed I should be in moderately aggressive funds. After seeing 4% average returns ...
by BL
Mon Mar 27, 2017 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice and book suggestions
Replies: 5
Views: 384

Re: Investment Advice and book suggestions

For beginners, or anyone else, I would suggest this little book for a good overview: If You Can: How Millennials Can Get Rich Slowly by William J Bernstein (Author) 4.5 out of 5 stars 423 customer reviews Kindle $0.99 to buy Paperback $5.99 The book is also free online as a 16-page pdf you could als...
by BL
Sun Mar 26, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: RMD Question:
Replies: 8
Views: 908

Re: RMD Question:

Just a quick comment based on what I think is correct. Follow-ups should confirm or refute this. AFAIK, withdrawals include pro-rated ratio of both deductible and non-deductible, based on your Form 8606. Hopefully you have been filing these with your taxes. AFAIK, if you decide to to some charitable...
by BL
Sat Mar 25, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: DOL fiduciary rule : April 10th, so far
Replies: 4
Views: 392

Re: DOL fiduciary rule : April 10th, so far

I believe the costs must be made more visible. I don't know that they will necessarily be cheaper for some: AUM vs. commissions and 12b-1 kickbacks. Whether the law remains or not, I believe it has caused a number of people to look at the costs they are paying to the advisor. You can't close that do...
by BL
Sat Mar 25, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Making sure i understand income taxes after retirement
Replies: 14
Views: 2772

Re: Making sure i understand income taxes after retirement

If you are thinking of buying an annuity, do you realize that delaying SS is the very best deal for buying a larger COLA-enhanced annuity (SS)? If delayed up until age 70 it increases up to 8% each year you delay, not compounded, AFAIK. Also it buys longevity insurance for whichever of you or spouse...
by BL
Sat Mar 25, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor suggested this - Good idea?
Replies: 41
Views: 2475

Re: Advisor suggested this - Good idea?

It sounds like you might have gained from talking to the advisor, and that he/she is not so bad. You asked for ways to earn something, and I think he came up with a reasonable compromise. You won't earn much while keeping it perfectly safe. He did after all suggest an index fund, and that may have b...
by BL
Fri Mar 24, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise/RiverSource inherited annuity 1035 help/questions....
Replies: 11
Views: 535

Re: Ameriprise/RiverSource inherited annuity 1035 help/questions....

It definitely makes sense to take out enough to maximize both 401ks and Roth IRAs each year. Are you talking about a lot left over after 5 years of maximizing this? You could even save up some for another 5 years? Otherwise, have Vanguard handle the 1035 transfer if taxes would be too great. They wo...
by BL
Fri Mar 24, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my father's windfall
Replies: 25
Views: 2493

Re: Help with my father's windfall

You mentioned that your mom earned more than your dad. He will probably want to take SS survivor benefits at his full retirement age (66+) because my understanding is that the SS survivor benefit does not increase after his full retirement age (66+) so there is no advantage to wait after full retir...
by BL
Fri Mar 24, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Admiral in both taxable and IRA?
Replies: 22
Views: 1634

Re: Total Stock Market Admiral in both taxable and IRA?

Tax loss harvesting can only happen in taxable accounts, so no problem selling in Roth IRA. If you sell at a loss in taxable, TLH, you can claim a loss if you have not also purchased that stock, either in taxable or in IRAs, within 30 days before or after your sale. It is not illegal to do so, you ...
by BL
Fri Mar 24, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidate mutual funds from Ameriprise to Vanguard Index Funds?
Replies: 4
Views: 252

Re: Liquidate mutual funds from Ameriprise to Vanguard Index Funds?

You want to dump those funds. MSFRX has already been paid the 5.75% front end load and is still sharing 0.25% 12b-1 kickback out of the ER to Ameriprise. MCLOX hasn't collected any front end load but will collect 1% if sold within a year of purchase. It is also collecting 1.0% 12b-1 kickback out of ...
by BL
Fri Mar 24, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Admiral in both taxable and IRA?
Replies: 22
Views: 1634

Re: Total Stock Market Admiral in both taxable and IRA?

Tax loss harvesting can only happen in taxable accounts, so no problem selling in Roth IRA. If you sell at a loss in taxable, TLH, you can claim a loss if you have not also purchased that stock, either in taxable or in IRAs, within 30 days before or after your sale. It is not illegal to do so, you j...
by BL
Thu Mar 23, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Northern Lights cruise, Norway, March 2018
Replies: 17
Views: 1373

Re: Northern Lights cruise, Norway, March 2018

That sounds like my next dream trip! But there is so much to see in Norway, I hope you are looking forward to that as much as the Northern Lights, which can be spectacular. (If just the NL, Alaska, Canada, and even Northern USA have spectacular NL as well.) Have only been in Norway between May and S...
by BL
Thu Mar 23, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Advice investing in index funds
Replies: 9
Views: 802

Re: Advice investing in index funds

Do you have access to a 401k? Use tax-advantaged accounts before taxable for retirement investing. Do you have an HSA available? In terms of risk, I would say I have trouble knowing how to properly rebalance my portfolio. I'm 26, my Ira is set to aggressive. Be sure you are using low-ER index funds,...
by BL
Wed Mar 22, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: 29, new investors, help with long term plan
Replies: 14
Views: 1273

Re: 29, new investors, help with long term plan

If your 401k will accept rollovers, perhaps you could roll your IRA there, then you could do the backdoor Roth.
by BL
Tue Mar 21, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: 29, new investors, help with long term plan
Replies: 14
Views: 1273

Re: 29, new investors, help with long term plan

Pay off student loans, one at a time. Either tackle highest interest, or smallest one to get more cash flow and sense of satisfaction. You have a great Target fund choice in 401k. Pay allowed amount, put tax savings toward SLs. This is a great choice in any retirement account. (S&P 500 is also f...
by BL
Mon Mar 20, 2017 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Need direction on managing portfolio
Replies: 19
Views: 1380

Re: Need direction on managing portfolio

Here are the suggested 3-fund portfolio from fidelity. In 401k, you will have to work with what you have available (from Wiki page: https://www.bogleheads.org/wiki/Three-fund_portfolio ) Fidelity With Fidelity, for example, you could construct a three-fund portfolio using: [note 3] Fidelity Total Ma...
by BL
Mon Mar 20, 2017 7:02 am
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1588

Re: How much cash to withdraw when retiring

Edit: forgot a couple of things. 1. They live in a state without income tax so itemized deduction is not the way to go; and 2. they would be withdrawing from their 401(k), which is where most of the bonds/income funds are stored. Their taxable accounts holds mostly equity. Edit 2: It has been point...
by BL
Sun Mar 19, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: First Home and Another Investment Property
Replies: 11
Views: 541

Re: First Home and Another Investment Property

What are the interest rates for your student loans?
by BL
Sat Mar 18, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on an inheritance.
Replies: 15
Views: 1275

Re: Need advice on an inheritance.

I suggest you change the title to something like: inherited annuity 5-year deferral tax question, or something like that so those interested and knowledgeable about these things might spot it. It might be worth calling the Vanguard annuity folks to see if there are any choices for a 1035 exchange be...
by BL
Sat Mar 18, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: who should i choose to help me??
Replies: 52
Views: 4635

Re: who should i choose to help me??

I will try to answer. It is good to have one account have everything to make it easier to rebalance.(Simple IRA.) It is better not to have bonds in taxable. Some prefer fewer bonds in never-taxed Roth. Figure out total dollars in all funds. Ex.: 100k total: 50% total stock = 50,000 30% total int. = ...
by BL
Fri Mar 17, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Wife's IRA
Replies: 7
Views: 347

Re: Investing Wife's IRA

Maybe off topic but as a father of an older daughter.....Your wife should manage her IRA in my opinion. You could die or leaver her. Or she could leave you. In any case it's her money. I'd be annoyed if my daughter told me this. Let her see this thread....Good luck +1 Let her choose something that ...
by BL
Fri Mar 17, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Funds for taxable account
Replies: 11
Views: 942

Re: Funds for taxable account

So ,If I hold TSM in my Roth, wife own it in her 401k, and I hold it in my taxable. If i sell in my taxable its a wash sale and not eligible for TLH? I did not know this. I already own the 500 index fund in my Simple so i cant move funds there either. It will turn into a wash sale as soon as you au...
by BL
Fri Mar 17, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping money liquid or investing?
Replies: 20
Views: 2017

Re: Keeping money liquid or investing?

You can get an idea of costs for term insurance here: https://www.term4sale.com/ Then maybe see an INDEPENDENT insurance salesperson to shop out the best good insurance company for term insurance, but don't listen to any permanent insurance talk. Here is a good booklet for beginner investors: https:...
by BL
Fri Mar 17, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: Help with rebuttal to a Facebook post
Replies: 36
Views: 3819

Re: Help with rebuttal to a Facebook post

Just unfriend him and go on with your life. You won't convince him by any argument.
by BL
Fri Mar 17, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio vs. all-in-one fund
Replies: 34
Views: 3580

Re: 3 fund portfolio vs. all-in-one fund

It looks like you have several good options. I don't think anyone has mentioned the Vanguard Tax-Managed Balanced Fund, about 50/50 stock/bond, for taxable. If you could work with that ratio, then you could stick with balanced/target funds. I think Total Stock Market and/or total international is th...
by BL
Fri Mar 17, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Guidance on Portfolio setup - New to Investing
Replies: 14
Views: 864

Re: Guidance on Portfolio setup - New to Investing

It looks like you are on the way to a good place. Target date funds are a great way to get going until you have lots more to spread into its components. Choose the date based on the % bonds you want, a near date may be closer to what you prefer. When you have at least 3k in Roth, you could change to...
by BL
Wed Mar 15, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: $160k from Edward Jones, where to put it? Help please with 2 retirement accounts.
Replies: 8
Views: 672

Re: $160k from Edward Jones, where to put it? Help please with 2 retirement accounts.

The three-fund portfolio, see Wiki, a thread here, and the booklet I linked to earlier, are all you need for a low-ER, simple, diversified portfolio. I would not suggest a special interest sector such as health care, etc. but rather a total stock market (or at least the S&P500), perhaps a total ...
by BL
Wed Mar 15, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRA RMDS
Replies: 8
Views: 537

Re: IRA RMDS

You can take it all from just one of your IRAs.
by BL
Wed Mar 15, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: What to do with $100???
Replies: 78
Views: 4940

Re: What to do with $100???

I can think of so many things to do with a $100, I am amazed someone would have a hard time. Take my wife to a movie, dinner, musical, play or concert. Go to the half price books store and go crazy. Invest in my hobby. For me it's bicycling, but I'm sure most people have golf, tennis, or something ...
by BL
Wed Mar 15, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: Fiduciary Checklist questions
Replies: 4
Views: 410

Re: Fiduciary Checklist questions

Good Morning All; I'm in the process of dumping Ed Jones and going with a fiduciary. Here in no mans land there are only a couple, and their one man outfits. To be honest, I'm unsure how to vet them. I've got two immediate concerns: Making sure that my money...and advisor doesn't run off to parts u...
by BL
Wed Mar 15, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Convincing Someone To Dump A Bad Financial Advisor
Replies: 39
Views: 3138

Re: Convincing Someone To Dump A Bad Financial Advisor

I wish someone had been able to convince us earlier. We'll be okay but we'd be able to reach some other goals if we'd left our advisor earlier. Maybe an outside perspective or info might help. What did it for us was watching a special, can't recall the name but it's free online, maybe someone else ...
by BL
Wed Mar 15, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio Question
Replies: 5
Views: 475

Re: 3 Fund Portfolio Question

I would not be inclined to exchange wellington for a 3-fund if it means paying substantial capital gains. If you'd like to minimize the tax drag you could divert dividends into your money market account and re-invest those proceeds in the portfolio that you begin alongside the Wellington fund. What...
by BL
Wed Mar 15, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: $160k from Edward Jones, where to put it? Help please with 2 retirement accounts.
Replies: 8
Views: 672

Re: $160k from Edward Jones, where to put it? Help please with 2 retirement accounts.

Yes, there is a lot of good reading here in the Wiki. Here is a good pdf to get started learning: https://www.etf.com/docs/IfYouCan.pdf Transferring the funds directly to another brokerage does not generate taxes, even if it is a taxable account. Selling funds in a taxable account is a taxable occas...
by BL
Wed Mar 15, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: First I Bond Purchase on Treasury Direct
Replies: 6
Views: 620

Re: First I Bond Purchase on Treasury Direct

I don't think they use serial numbers as the only important thing is the month and year it was purchased. You can cash in parts of it (maybe $25 minimum?) any time after a year.
by BL
Wed Mar 15, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: What to do with $100???
Replies: 78
Views: 4940

Re: What to do with $100???

Give it charity. If $100 is going to cause you so much anxiety that you have to ask the internet how to spend it, just get rid of it. JT +1 How about paying for the person in line before or after you at a store or drive-in? I like the tip idea! Maybe two shares of: Vg Tl Int Stk IxETF NASDAQ: VXUS ...

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