Search found 5166 matches

by BL
Mon May 30, 2016 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Investing when you have an estranged spouse
Replies: 160
Views: 6560

Re: Investing when you have an estranged spouse

OP, perhaps you need to understand that we are a random bunch of strangers, even to each other, with some rare exceptions. Most of us like to help but we are certainly not experts, and especially not in family relationships. The mods try to keep us somewhat on topic and civil. I wish you well in a d...
by BL
Mon May 30, 2016 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Investing when you have an estranged spouse
Replies: 160
Views: 6560

Re: Investing when you have an estranged spouse

Gotcha... That's where I had seen and done that with the Roth contributions, on a tax program. Thanks. Disregard that part then, OP. Orca, did you know you can edit by clicking the edit pencil and using the "s" to strike through what you know is inaccurate? Sorry if you know lots more abo...
by BL
Mon May 30, 2016 8:24 am
Forum: Personal Consumer Issues
Topic: Taking classes at a community college - Question about placement tests
Replies: 29
Views: 1373

Re: Taking classes at a community college - Question about placement tests

Thanks to everyone who replied. It has given me an insight as to what is happening. I may need to go to the community college with my degrees and transcripts if I want to take courses there. At this stage of my life, I have no intention of trying to take classes at a four-year degree university. Th...
by BL
Mon May 30, 2016 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Investing when you have an estranged spouse
Replies: 160
Views: 6560

Re: Investing when you have an estranged spouse

No need to report Roth on 1040, that I can think of. It is usually asked for on tax program, but that would be for Saver's Credit, or keeping track of things and alerting to ineligibility, for instance, rather than any required reporting of direct eligible Roth contributions. OP, please go back and...
by BL
Mon May 30, 2016 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Variable Universal Life Insurance- this one with 50% company match
Replies: 22
Views: 1256

Re: Variable Universal Life Insurance- this one with 50% company match

I believe in the adage "Don't invest in something you don't understand." This is much too complicated, and made deliberately so by the insurance company. Plan to purchase a house in the next 1-2 years. Need to confirm I like my job and company pays as they promised before I buy a house. Th...
by BL
Mon May 30, 2016 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Investing when you have an estranged spouse
Replies: 160
Views: 6560

Re: Investing when you have an estranged spouse

Gotcha... That's where I had seen and done that with the Roth contributions, on a tax program. Thanks. Disregard that part then, OP. Orca, did you know you can edit by clicking the edit pencil and using the "s" to strike through what you know is inaccurate? Sorry if you know lots more abo...
by BL
Mon May 30, 2016 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Help: Credit dropped 100 points in a month.
Replies: 7
Views: 976

Re: Help: Credit dropped 100 points in a month.

Have you checked your credit reports at the 3 main companies this year? You want to watch for identity theft as well. Here is the free annual report link (beware of similar sounding names that want your money) suggested by the US government: https://www.consumer.ftc.gov/articles/0155-free-credit-rep...
by BL
Mon May 30, 2016 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Investing when you have an estranged spouse
Replies: 160
Views: 6560

Re: Investing when you have an estranged spouse

No need to report Roth on 1040, that I can think of. It is usually asked for on tax program, but that would be for Saver's Credit, or keeping track of things and alerting to ineligibility, for instance, rather than any required reporting of direct eligible Roth contributions. OP, please go back and ...
by BL
Sun May 29, 2016 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Universal Life Insurance- this one with 50% company match
Replies: 22
Views: 1256

Re: Variable Whole Life Insurance- this one with 50% company match

Your paperwork shows variable universal Life, perhaps you could edit the title if that is correct.
by BL
Sun May 29, 2016 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth the additional Expense to try to replicate Total International?
Replies: 20
Views: 1172

Re: Is it worth the additional Expense to try to replicate Total International?

Sounds like you have it all figured out and everything is easily handled. Stay the course!

If it was a worry to keep it balanced then I would think the simpler method might be preferable.
by BL
Sun May 29, 2016 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Investing when you have an estranged spouse
Replies: 160
Views: 6560

Re: Investing when you have an estranged spouse

You can open a Roth right now at V and put in up to 5500 of your money into it immediately. Whenever you transfer the existing Roth, it can go directly into it.

I like Iceport's suggestions and information.
by BL
Sun May 29, 2016 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Investing when you have an estranged spouse
Replies: 160
Views: 6560

Re: Investing when you have an estranged spouse

Don't know his income, but Married filing jointly limits for direct contributions to Roth IRA are: Phase-out starts at $184,000; ineligible at $194,000 We transferred a Roth from Royce to Vanguard last year without any special stamp, so it may vary as to whether it is required. I assume your spouse ...
by BL
Sun May 29, 2016 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investing when you have an estranged spouse
Replies: 160
Views: 6560

Re: Investing when you have an estranged spouse

It looks to me like your cash cache is about 2/3 of your total so that could be considered bonds/fixed income. I wouldn't add any bonds to your 1/3 of portfolio remaining in IRAs, but tear off the Bandage (sell) and put everything in either Total Stock Market Admiral (100% US stock), Life strategy A...
by BL
Sun May 29, 2016 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Disability???
Replies: 24
Views: 1170

Re: Social Security Disability???

Have you checked your SS estimate online for PIA amount at FRA? I believe this is the number you might expect from SSDI (Please someone correct if I am wrong.)

Agree to check with your doctor and then with SS attorney.

Here is one link on SSDI:
https://www.ssa.gov/disabilityssi/
by BL
Sun May 29, 2016 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Investing when you have an estranged spouse
Replies: 160
Views: 6560

Re: Investing when you have an estranged spouse

Have you considered going back to work, even part-time or while kids are at school? I would think it is important to at least keep up your certification and maybe try to get some work preferably in your field, even if volunteering. I realize you have your hands full, however. Don't believe I could s...
by BL
Sun May 29, 2016 8:20 am
Forum: Personal Consumer Issues
Topic: Taking classes at a community college - Question about placement tests
Replies: 29
Views: 1373

Re: Taking classes at a community college - Question about placement tests

Getting the right human contact is a good idea. It might be worth while to contact the department that handles senior citizens just for getting connected with someone who can make this possible. A lot of states, including VA, have laws mandating college admissions for senior citizens so they might h...
by BL
Sat May 28, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should 85 year old mother buy trip insurance for upcoming vacation
Replies: 5
Views: 482

Re: Should 85 year old mother buy trip insurance for upcoming vacation

How devastated would she be to lose out on XX$?

We did it for the first time with a prepaid trip to a far-distant state. Included mediflight home if needed. Not quite as old as she.
by BL
Sat May 28, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: When does spending MORE to avoid taxes make sense or does it ever?
Replies: 26
Views: 1768

Re: When does spending MORE to avoid taxes make sense or does it ever?

IIRC: work related expenses can only be deducted to the extent that they exceed 2% of income. If you're in the highest tax bracket, you may not be able to deduct anything here.... +1 Travel expenses for conventions are deductible if you can show that your attendance benefits your trade or business....
by BL
Sat May 28, 2016 7:44 am
Forum: Personal Finance (Not Investing)
Topic: $1,000 per month personal check. Tax question.
Replies: 33
Views: 2990

Re: $1,000 per month personal check. Tax question.

My guess: 35% + state tax rate + Medicare tax for both employer and employee (You probably exceed SS maximum in your other job). I assume you will be getting a 1099 with your amount. If you have approved expenses with this job, that can be figured out on your Schedule C or C-EZ. If you do your own t...
by BL
Fri May 27, 2016 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of removing funds from target retirement funds and investing by myself
Replies: 21
Views: 1976

Re: Thinking of removing funds from target retirement funds and investing by myself

It sounds like you have an excellent target fund at a very low ER, so this is definitely the simplest way to go. If you were paying upwards of 1%, then I would have suggested changing it, but yours are very cheap. There is no harm in selecting the individual funds but they would complicate things un...
by BL
Fri May 27, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: SGLI vs Private Life Insurance, need some thoughts
Replies: 1
Views: 158

Re: SGLI vs Private Life Insurance, need some thoughts

You are looking at the right things as some may exclude war coverage, which in my opinion is very important for military personnel. I expect SGLI isn't bad, but I have forgotten anything I may have known about it. You might check with an independent insurance broker, rather than a single company rep...
by BL
Fri May 27, 2016 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Transferring from Ed Jones without being Taxed
Replies: 17
Views: 719

Re: Transferring from Ed Jones without being Taxed

Look at last year's 1040 line 43 Taxable Income and think about any changes for this year. Can you put more money into a work retirement account to lower income (if needed)? It is possible you are fine as is, but would do some calculating/estimating near end of year and do it then. Taxcaster is one ...
by BL
Fri May 27, 2016 10:15 am
Forum: Investing - Help with Personal Investments
Topic: What to do with $500 a month
Replies: 27
Views: 4006

Re: What to do with $500 a month

Please take your time before actually making changes. You want a permanent decision and not just jumping around with every different suggestion. There are not serious differences with total market ETFs and funds, AFAIK (I don't have ETFs). There can be tax consequences with taxable, so be aware anyt...
by BL
Fri May 27, 2016 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Transferring from Ed Jones without being Taxed
Replies: 17
Views: 719

Re: Transferring from Ed Jones without being Taxed

Print out the statement on unrealized gains and any other important info ASAP! You may be cut off from EJ access at any moment, and could lose track of that info. Be sure there is no auto-invest of dividends/capital gains at the new location. No need to add more short-term gains or buy more of what ...
by BL
Fri May 27, 2016 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Thinking of removing funds from target retirement funds and investing by myself
Replies: 21
Views: 1976

Re: Thinking of removing funds from target retirement funds and investing by myself

Good for you for thinking about investing and choosing good funds! Now is the time to learn all you can about investing, such as starting with "Getting Started" in the Wiki and reading a recommended book or 2. Search for Taylor's thread on the three-fund portfolio, and start reading that f...
by BL
Fri May 27, 2016 12:40 am
Forum: Investing - Help with Personal Investments
Topic: Saved $200,000, Ready To Invest Now. I Need Help.
Replies: 9
Views: 1709

Re: 800k Net Worth of which 200k To Invest Now. Need Help.

I will take a quick stab at this. Questions: 1)I really like the Three Fund Portfolio, is it really just as simple as picking the 3 recommended funds and that's about it? Yes, many would advise just that. Think muni bonds if you need bonds in taxable. 2) Any tips on how I can totally max out my IRA...
by BL
Thu May 26, 2016 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: RMD paid after a death to the incorrect person through a savings account with a different named beneficiary
Replies: 8
Views: 868

Re: RMD paid after a death to the incorrect person through a savings account with a different named beneficiary

I expect it would cost you $1,045 or more to hire a lawyer to go after the money and it might not work even then. I think you might be considered to be obligated to notify them of his death and that they would not have to do anything different until that happened. IANAL. The will would only cover th...
by BL
Thu May 26, 2016 10:11 am
Forum: Investing - Help with Personal Investments
Topic: My Retirement Investments
Replies: 8
Views: 1151

Re: My Retirement Investments

Frontloaded at 5.25% and annual fee around 1.25%. 64% MDLOX (Blackrock Global Alloc Investor CL A) = 1.05% Besides the frontload of 5.25% and annual fee of 1.25%, the broker also gets 0.25% of the ER, according to Morningstar. How much money have you left of your investment so far? There is no need...
by BL
Thu May 26, 2016 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Advice for my daughter
Replies: 39
Views: 2013

Re: Advice for my daughter

They look a little light on tax advantaged retirement savings. I would at least max out a couple Roth IRA's while they still qualify. (possibly two years worth) Pay off the car loan for sure. Fill a hefty emergency fund, then use whatever is left on the rental purchase. They should have some cash r...
by BL
Thu May 26, 2016 9:40 am
Forum: Investing - Help with Personal Investments
Topic: What to roll a work 401k into
Replies: 6
Views: 250

Re: What to roll a work 401k into

Will you be in a very low tax bracket next year in residency? That might be the ideal time to convert to Roth and not pay as much in taxes.
by BL
Thu May 26, 2016 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Advice for my daughter
Replies: 39
Views: 2013

Re: Advice for my daughter

It sounds like she could do a better job of investing with some more research. If she has a Vanguard S&P500 in her 401k, she probably sees a low-ER there, but TRP is certainly more expensive. The main thing she can control in investing is cost and stock/bond ratio, so moving to a low-cost place ...
by BL
Thu May 26, 2016 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Exchange from Lifestrategy to Target Date
Replies: 15
Views: 1481

Re: Exchange from Lifestrategy to Target Date

Your tax-advantaged accounts are really the place to exchange stocks for bonds as you get closer to retirement. There is no cost involved, and bonds are usually preferable (no current tax on dividends, lower rates on CGs) in those accounts anyway. Every 5 years or so, you could simple exchange a sto...
by BL
Thu May 26, 2016 12:50 am
Forum: Investing - Help with Personal Investments
Topic: My Retirement Investments
Replies: 8
Views: 1151

Re: Can I do better with my retirement

Agree with above. Simple is good, diversified is good, and cheap (low ER) is good. There is a long thread here on the 3-fund portfolio, and you can also search for the Wiki page. Using the 3 total funds: total stock market, total international stock, and total bond fund such as you find at Vanguard ...
by BL
Wed May 25, 2016 10:47 pm
Forum: Personal Consumer Issues
Topic: Sell Car, keep car, lease a car what should I do?
Replies: 17
Views: 930

Re: Sell Car, keep car, lease a car what should I do?

Extending car debt to 72 months makes no sense to me. Basically it says you can't afford this vehicle and it will be old before it is paid for. I suspect you would be better off keeping it at this point, or else trading it in for a cheap car and using any difference to reduce loans. I would only loo...
by BL
Wed May 25, 2016 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Exchange from Lifestrategy to Target Date
Replies: 15
Views: 1481

Re: Exchange from Lifestrategy to Target Date

A lot of folks here do the "backdoor Roth" because they can't contribute directly. Search threads or the Wiki. Your switch would not do much of anything now as they are about identical and in the future the target fund would get less tax-efficient because of more bonds. I would not pay to ...
by BL
Wed May 25, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why is social security paying so low?
Replies: 49
Views: 5579

Re: Why is social security paying so low?

This page may help explain. The payback is 90% up to the first bend, 32% up to the second bend point, and 15% of the remaining average wages. The part of wages near the top only contribute 15% toward your benefits. https://www.ssa.gov/oact/progdata/retirebenefit2.html If your benefits are calculated...
by BL
Wed May 25, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans vs IRA (follow-up)
Replies: 10
Views: 672

Re: Student Loans vs IRA (follow-up)

You may want to research tax implications of the 401k you do have because of not being a citizen and not owing US taxes now. I would think a Roth IRA would be easier to cash out than a traditional IRA, but timing could also be a problem before age 59 1/2.
by BL
Wed May 25, 2016 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Moving Chase Roth IRA to Vanguard
Replies: 2
Views: 264

Re: Moving Chase Roth IRA to Vanguard

Don't forget to look for all the charges, including management fees, loads, Expense Ratios (ERs), etc. You haven't told us what you have (It could be an FDIC (insured) CD or mutual funds, stocks,etc.) or what the tickers are, ERs, etc. Odds are they are higher than Vanguard. Oh, yes, there will prob...
by BL
Wed May 25, 2016 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans vs IRA (follow-up)
Replies: 10
Views: 672

Re: Student Loans vs IRA (follow-up)

I believe you will get advice both ways as there is no sure way to know until the future has arrived. In the end, you will have to do what you decide is best for you. However, you have far different circumstances from the previous poster who probably has much bigger loans but also has future income ...
by BL
Tue May 24, 2016 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: 457, rIRA maxed 15% bracket invest where?
Replies: 7
Views: 322

Re: 457, rIRA maxed 15% bracket invest where?

This pdf booklet written especially for beginners, and is a good review for the rest of us, mentions the 3-fund portfolio also recommended here in threads and in the Wiki: https://www.etf.com/docs/IfYouCan.pdf Hopefully you have low ER funds in your 457 and IRAs. Munis are not usually suggested for ...
by BL
Tue May 24, 2016 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Planning my RMD
Replies: 12
Views: 1130

Re: Planning my RMD

I agree that doing whatever feels comfortable makes sense. I had thought of that (converting to cash/bonds) as well, but decided to do most of it late in the year without any prior changes. We allowed time for Roth conversion as well. Over time, the odds should be that it will increase more often th...
by BL
Mon May 23, 2016 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Need Moral Support for FA Breakup!
Replies: 68
Views: 4735

Re: Need Moral Support for FA Breakup!

Interesting that he suggests comparing to S&P500 when he doesn't have you anywhere near that kind of equities, but rather more volatile and higher risk funds. Be sure to look up the ERs as that is what you would continue to pay every year, as well as your fee to him. You will easily average well...
by BL
Mon May 23, 2016 1:21 pm
Forum: Personal Consumer Issues
Topic: WW2 Books & Education
Replies: 91
Views: 2897

Re: WW2 Books & Education

Great suggestions! I was interested in resistance and used the public library to find many great books. This is decades ago before internet. The one novel/play that I still keep coming back to is John Steinbeck's The Moon is Down . I believe there is also a movie on it. It has nothing to do with th...
by BL
Mon May 23, 2016 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: re-evaluating my investment strategies
Replies: 9
Views: 838

Re: re-evaluating my investment strategies

For comparison: I have a Roth IRA at Vanguard with fund ERs of far less than 0.20%; it cost nothing extra to invest, it will cost nothing to redeem, and I get the exact amount listed in the account when I redeem. There was no one to sell me an expensive annuity or other insurance product to finance ...
by BL
Mon May 23, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: WW2 Books & Education
Replies: 91
Views: 2897

Re: WW2 Books & Education

Great suggestions! I was interested in resistance and used the public library to find many great books. This is decades ago before internet. The one novel/play that I still keep coming back to is John Steinbeck's The Moon is Down . I believe there is also a movie on it. It has nothing to do with th...
by BL
Mon May 23, 2016 9:51 am
Forum: Personal Consumer Issues
Topic: WW2 Books & Education
Replies: 91
Views: 2897

Re: WW2 Books & Education

Great suggestions! I was interested in resistance and used the public library to find many great books. This is decades ago before internet. The one novel/play that I still keep coming back to is John Steinbeck's The Moon is Down . I believe there is also a movie on it. It has nothing to do with the...
by BL
Mon May 23, 2016 9:06 am
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 149
Views: 11809

Re: Is there a such thing as a blue collar Boglehead?

Taylor Larimore wrote:Boglehead have one thing in common. We are all in Mr. Bogle's crusade "to give ordinary investors a fair shake."

I am sure that blue collar, white collar, or no collar, makes no difference to Jack -- and it makes no difference to me.

Best wishes.
Taylor

:thumbsup
by BL
Mon May 23, 2016 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Wait it out at Merrill Edge or Liquidate for Betterment?
Replies: 17
Views: 1458

Re: Wait it out at Merrill Edge or Liquidate for Betterment?

I though Merrill Edge was the lower cost no-advisor part and Merrill Lynch was the expensive advisor part of the business. Perhaps they require an advisor for the work IRAs, I just don't know. Maybe you could set up an Individual 401k at a place like Vanguard and buy 3 index funds or a singleTarget ...
by BL
Sun May 22, 2016 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Incomplete Account Beneficiary Information
Replies: 21
Views: 1023

Re: Incomplete Account Beneficiary Information

I am a bit puzzled. Our IRAs show to the person I am married to and secondary is descendants per stirpes. Joint is automatic. Perhaps you are being more specific than we are.

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