Search found 218 matches

by CyclingDuo
Sat Mar 25, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 79
Views: 4034

Re: Are Bogleheads in the minority on the use of investment advisors?

Might even be a more attraction magnet if the dog was wearing one as well. 8-) Maybe the dog tag is already enough: http://i67.tinypic.com/359ygqh.jpg Beautiful dog, livesoft. Yes, that tag will work! I guess I have never thought of casual conversation while walking the dogs to talk about investmen...
by CyclingDuo
Sat Mar 25, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: How did you do your income taxes?
Replies: 85
Views: 2789

Re: How did you do your income taxes?

I asked this question last year, and I’ve decided to ask it again: If you’ve done your income taxes, how did you do them? Did you do them by hand? Did you have a paid preparer do them for you? Or did you use computer software, and, if so, which software package did you use? Previously used H&R ...
by CyclingDuo
Sat Mar 25, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 79
Views: 4034

Re: Are Bogleheads in the minority on the use of investment advisors?

For some reason, I've met many DIY investors while out walking the dog, but only a single investor who offered that they like their advisor. And many of the DIY folks have Vanguard products. If I had a Vanguard T-shirt, I imagine I would meet even more DIY investors. Might even be a more attraction...
by CyclingDuo
Sat Mar 25, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 79
Views: 4034

Re: Are Bogleheads in the minority on the use of investment advisors?

Although I see occasional posts from people on this forum who use paid investment advisors, I sense that most Bogleheads are DIYers. Great thread! We've been on both sides of the fence when it comes to AUM. We began our investing career in the late 80's due to a wedding gift that was enough to get ...
by CyclingDuo
Sat Mar 25, 2017 6:57 am
Forum: Personal Finance (Not Investing)
Topic: [Taxes] Can we deduct music lessons cost for child in New York State?
Replies: 8
Views: 894

Re: [Taxes] Can we deduct music lessons cost for child in New York State?

I understand music lessons are considered hobby and cannot be deducted from federal taxes, but they could be deducted depending on the state. I could not find any clear info on New York State taxes. When I search for hobby, I only get income tax info, not on the deductibility of the expenses/tuitio...
by CyclingDuo
Sat Mar 25, 2017 4:53 am
Forum: Investing - Help with Personal Investments
Topic: Ameriprise/RiverSource inherited annuity 1035 help/questions....
Replies: 11
Views: 503

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

Please correct me if I am misunderstanding the annuity set-up that is under consideration. But, I believe in the OP's case, the first money coming out will be 100% taxed and the last money will not be taxed at all. There is no Prorota type rules like there would be after annuitization. For example,...
by CyclingDuo
Fri Mar 24, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise/RiverSource inherited annuity 1035 help/questions....
Replies: 11
Views: 503

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

If you cash it in do you pay taxes on the entire balance, like an IRA, or just the gains? Since you will have to pay taxes either now or in the future, I would be inclined to pay now and invest it how you want...Unless doing so would bump you to a higher tax bracket. I'm waiting to hear the final g...
by CyclingDuo
Fri Mar 24, 2017 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise/RiverSource inherited annuity 1035 help/questions....
Replies: 11
Views: 503

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

What would be the downside to taking the 5 lump sum payments? If you had cash to burn today, would you annuitize it with Vanguard? That's the proper question! The answer is... No, if we had cash to burn we would not invest it in an annuity at Vanguard (or any other company). Currently, it's making ...
by CyclingDuo
Fri Mar 24, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise/RiverSource inherited annuity 1035 help/questions....
Replies: 11
Views: 503

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

Here is an article by Michael Kitces outlining the PLR from 2013 that approved 1035 exchanges for inherited annuities: https://www.kitces.com/blog/irs-opens-door-in-plr-201330016-for-1035-exchange-by-beneficiary-of-fixed-and-variable-inherited-annuities/ There is also an article on VG's site that m...
by CyclingDuo
Fri Mar 24, 2017 8:28 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 6910

Re: The $1,124,176 Car.

What about the $75 Chipotle burrito? It costs $7 to buy a Chipotle burrito but you could make one at home for $2 and invest the $5 difference for 40 years it will cost you $75! Gadzooks! I appreciate the perspective on overspending but I think it's unfair to ourselves now to think of everything we ...
by CyclingDuo
Fri Mar 24, 2017 8:21 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 6910

Re: The $1,124,176 Car.

kathyauburn wrote:We all know that life lessons are sometimes expensive.


Yes, occasionally they can be rather expensive.

https://www.poetryfoundation.org/resour ... tail/44272
by CyclingDuo
Fri Mar 24, 2017 8:13 am
Forum: Investing - Theory, News & General
Topic: Motif Investing Implementation of Ultimate Buy and Hold
Replies: 23
Views: 1945

Re: Motif Investing Implementation of Ultimate Buy and Hold

oldcomputerguy wrote:How would this be different from Fidelity's "basket" trading feature?


http://paulmerriman.com/fidelity-tax-de ... ortfolios/
by CyclingDuo
Fri Mar 24, 2017 7:58 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 6910

Re: The $1,124,176 Car.

This is yet another good thread. It reminds everyone that the three key areas of housing, transportation, and food are the primary drivers of determining if one accumulates wealth or not over the course of their life - at least in terms of LBYM. Get one wrong, you might still end up okay. Get two w...
by CyclingDuo
Fri Mar 24, 2017 7:10 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 6910

Re: The $1,124,176 Car.

So after prudently buying less expensive cars between the ages of 25 - 65 and investing in your Roth IRA, is it then okay to treat oneself to that BMW or perhaps :wink: :wink: a Lexus? No. That's when you buy the big luxury RV for $1.6 - $2.9 Million. You drive it for your first trip with a huge do...
by CyclingDuo
Thu Mar 23, 2017 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise/RiverSource inherited annuity 1035 help/questions....
Replies: 11
Views: 503

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

Due to a recent parent's death, one of us is a non-spouse, beneficiary of a non-qualified RiverSource Retirement Advisor Select Plus Variable Annuity. The other beneficiary of this annuity is a sibling. What we have been told by RiverSource... We have 5 years to take either a lump sum payment, or to...
by CyclingDuo
Thu Mar 23, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Sorting through 403b/457 options...
Replies: 20
Views: 937

Re: Sorting through 403b/457 options...

I've gone through several old threads and learned so much about 403b/457 plans in general. I'm hoping for some advice about my options, which fortunately seem decent, but overwhelming. I'm hoping that others with more experience with any of these providers can help me clarify a few things before I ...
by CyclingDuo
Thu Mar 23, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 4456

Re: Vehicles as a percentage of net worth

Hey fellow BH's. We currently have vehicles that are 6 and 8 yrs old and approaching 100k miles. I hope to get 10 years out of each prior to replacing them and we are starting to put a plan in place so in 2018-19 we can pay cash for the 09's replacement. Do any of you have a rule re: how much $ you...
by CyclingDuo
Wed Mar 22, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13663

Re: "Millionaire Next Door" Net Worth Formula

Thanks lazydavid, shows that the price of the vehicle brand new was perhaps 58% of the price mentioned of $60k of today's trucks by cyclingduo :beer Feel free to dig around on the Ford website for the F-150 models. It comes in 3 cab sizes and 3 bed sizes. Start adding any bells and whistles, tax, t...
by CyclingDuo
Wed Mar 22, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: Trying to Time the Market
Replies: 8
Views: 1261

Re: Trying to Time the Market

John Rekenthaler has a great column about market timing. http://news.morningstar.com/articlenet/article.aspx?id=798884 Nice article, and one has to feel for Mr. "S". :oops: One item that might have been unduly harsh, however, was the column’s implication that the U.S. stock market was nea...
by CyclingDuo
Tue Mar 21, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13663

Re: "Millionaire Next Door" Net Worth Formula

Then this plays into the theme of the book that the "millionaire next door" is a very frugal person driving a F-150 and wearing Wrangler jeans, and shopping at Sears. As mentioned in the last few posts, you'll pay $55K - $65K for a F150 (unless you get the bare bone model, stripped down, ...
by CyclingDuo
Mon Mar 20, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Help my portfolio is messy
Replies: 29
Views: 2206

Re: Help my portfolio is messy

In terms of the 3 stocks you hold in your taxable account alone, they have all outperformed the S&P, Dow, and Nasdaq in the your time frame quite handily. Bravo! Yeah kudos and respect. It's tough for even talented managers who work in the field to maintain the performance though. I think you'd...
by CyclingDuo
Mon Mar 20, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: How do deal with high expense fees in 401k
Replies: 5
Views: 391

Re: How do deal with high expense fees in 401k

Hello, I received excellent and prompt advice with my previous enquiry for myself so I hoped I may be able to ask on behalf of my gf as well. She has been contributing to her work 401k since it began being offered in 2015. She contributes enough for a match (she contributes 5% and is matched 50% of...
by CyclingDuo
Mon Mar 20, 2017 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Help my portfolio is messy
Replies: 29
Views: 2206

Re: Help my portfolio is messy

I have been investing on my own within my Schwab account since 2011. I just stumbled across this forum a couple of weeks ago and I like the simplistic boglehead approach. Previously I had been doing AA for each account as though it stood alone, and never considered all of my accounts as one portfol...
by CyclingDuo
Sun Mar 19, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Should I leave Ameriprise?
Replies: 56
Views: 5353

Re: Should I leave Ameriprise?

Thinking of leaving Ameriprise, as well due to fees. Once they learn of the decision to move the money what is to stop them from messing with the investments and incurring more loss then just their high fees? Fidelity, or Vanguard, or Schwab, etc... will handle it all for you. Get on the phone and ...
by CyclingDuo
Sat Mar 18, 2017 5:30 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13352

Re: NY Times first in a series about 403(b)s with public K-12

The weighted average expense ratios for all four providers will be about the same. The other providers will have weighted average expense ratios of 0.24.4% and 27.5% for that same asset allocation. That's not enough difference to matter in my opinion. The other providers add an admin fee of 0.20% o...
by CyclingDuo
Sat Mar 18, 2017 12:17 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13352

Re: NY Times first in a series about 403(b)s with public K-12

VOYA looks like it might have the low cost edge on VALIC. There's no administration fee added to the funds' ER, and the Vanguard Total Stock Market, Institutional class has that outstanding ER of 0.04%. Depending on your asset allocation, that fund will probably be a big/biggest fund in the portfol...
by CyclingDuo
Sat Mar 18, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: Bogle Interview CNN - Sat.
Replies: 41
Views: 3675

Re: Bogle Interview CNN - Sat.

Excellent, as always. :beer
by CyclingDuo
Sat Mar 18, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Feedback - Young College Professor
Replies: 10
Views: 867

Re: Portfolio Feedback - Young College Professor

Emergency funds: Yes Debt: Mortgage – 4.50% (Bank of Mom and Dad), Car loan – 0.00% ($12,000) Tax Filing Status: Married Filing Jointly Tax Rate: 15% Federal, 4.90% State Salary: $80,000 State of Residence: New Mexico Age: 26 Desired Asset allocation: 90% stocks / 10% bonds Desired International al...
by CyclingDuo
Sat Mar 18, 2017 5:41 am
Forum: Investing - Help with Personal Investments
Topic: Do you avoid international investing like Jack Bogle?
Replies: 151
Views: 7418

Re: Do you avoid international investing like Jack Bogle?

Your theory is backwards looking. The US has a higher percentage of young people because the US has had more immigration friendly policies compared to those other countries . That is changing. Read the news. The future can be different. The echo-Boomers (Millennials) represent 25% of the US populat...
by CyclingDuo
Thu Mar 16, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13352

Re: NY Times first in a series about 403(b)s with public K-12

We have to choose between one of these 4 plans for one of our 403(b)'s. Just how bad do they look? RIC core providers offer diversified investments, online account access, and retirement planning tools. RIC core providers have knowledgeable investment experts to help you (at no additional cost) eval...
by CyclingDuo
Thu Mar 16, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: How do you cope with regret over selling too soon?
Replies: 57
Views: 3097

Re: How do you cope with regret over selling too soon?

My challenge over the years has been in sticking with my common sense convictions. The biggest regret I have is in selling Netflix, which I bought 2,000 shares of back in 2003. Those shares (including splits) would be worth somewhere in the neighborhood of 4 million dollars now. In going over my re...
by CyclingDuo
Thu Mar 16, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Trying to understand 403b fees
Replies: 11
Views: 759

Re: Trying to understand 403b fees

Update: at my wife's request, the plan administrator provided a very clear table outlining the administrative fees, which total a whopping 1.10% on top of the fund expense ratios! The funds are mostly Vanguard Admiral share funds with Vanguard expense ratios, so to the average employee, they may th...
by CyclingDuo
Wed Mar 15, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: Motif Investing Implementation of Ultimate Buy and Hold
Replies: 23
Views: 1945

Re: Merriman Ultimate Buy and Hold RoboAdvisor

Hello, I was curious what the Bogleheads thought of Paul Merriman's UB&H portfolios he set up on Motif investing. I think this could be a very good alternative to traditional robo-advisors. Perhaps the Bogleheads could even set up factor based (i.e. size value .2/.3/.4) or low dividend taxable ...
by CyclingDuo
Wed Mar 15, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: TIAA-CREF 401k Plan Servicing Fees?
Replies: 18
Views: 1694

Re: TIAA-CREF 401k Plan Servicing Fees?

If it's okay to discuss fees, I found that TIAA-CREF charges 0.17% servicing fees for my 401k plans. (This is separate from the fund's ER.) The total expense of VFIAX (an option in my 401k) is 0.05% ER + 0.17% servicing fee = 0.22%. I thought the 0.17% fee is high. After researching, I found that t...
by CyclingDuo
Wed Mar 15, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Do you avoid international investing like Jack Bogle?
Replies: 151
Views: 7418

Re: Do you avoid international investing like Jack Bogle?

Do we avoid international investing? God, no! Having lived overseas for nearly 1/3 of our working careers to see the populations, bustling corporate world, and businesses in other areas of the world - we would be NUTS to avoid investing in international. Current look at 3 areas of the world... 319 M...
by CyclingDuo
Mon Mar 13, 2017 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Mitigating taxes on inherited IRA's and Annuities...
Replies: 14
Views: 883

Re: Mitigating taxes on inherited IRA's and Annuities...

Using RMDs to fund your qualified account contributions is a very good use of those RMDs, provided you have earned income to enable you to contribute to those accounts in the first place. This does a decent job of explaining the distribution options for a non-qualified annuity: http://www.wealthman...
by CyclingDuo
Mon Mar 13, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Mitigating taxes on inherited IRA's and Annuities...
Replies: 14
Views: 883

Re: Mitigating taxes on inherited IRA's and Annuities...

Some folks with 403b also have 457 available so be sure to check that out. Schools commonly have that available. Thanks. Unfortunately, no 457 available as a private college is one spouse's 403(b), and the other spouse has a mandatory pension payment (defined benefit retirement), plus the 403(b) op...
by CyclingDuo
Mon Mar 13, 2017 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Mitigating taxes on inherited IRA's and Annuities...
Replies: 14
Views: 883

Re: Mitigating taxes on inherited IRA's and Annuities...

If the options discussed by Peter Foley are not available or advantageous, people with non-spouse inherited retirement accounts should always maximize their retirement plan contributions, even if it means distributing more than RMD amounts as long as you can do it in a tax neutral/positive manner. ...
by CyclingDuo
Mon Mar 13, 2017 6:53 am
Forum: Investing - Help with Personal Investments
Topic: Mitigating taxes on inherited IRA's and Annuities...
Replies: 14
Views: 883

Re: Mitigating taxes on inherited IRA's and Annuities...

Depending on the amounts you have received, when the deaths occurred, how beneficiary designations were made, and the tax liability of the non qualified annuity, there are a number of possible approaches to mitigating taxes. Can you turn one or more of the IRAs into stretch IRAs? Yes, we have alrea...
by CyclingDuo
Sun Mar 12, 2017 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Mitigating taxes on inherited IRA's and Annuities...
Replies: 14
Views: 883

Re: Mitigating taxes on inherited IRA's and Annuities...

There's often no good solution to an inherited annuity that's not in an IRA or other retirement plan. If you take it out all at once, you'll accelerate the income. If you don't take it out all at once, you'll continue to incur the expenses of the annuity (which you can reduce by moving it to Vangua...
by CyclingDuo
Sun Mar 12, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Mitigating taxes on inherited IRA's and Annuities...
Replies: 14
Views: 883

Re: Mitigating taxes on inherited IRA's and Annuities...

Yes, makes sense to max your 403b while using the RMDs for income. Are the annuities in non-qualified accounts? You might look into getting out of those. They are probably charging high fees for guaranteed return, but if you are not in retirement yet future growth will be more valuable than guarant...
by CyclingDuo
Sun Mar 12, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Mitigating taxes on inherited IRA's and Annuities...
Replies: 14
Views: 883

Mitigating taxes on inherited IRA's and Annuities...

We've searched, read, asked questions and still are in limbo wondering about strategies. Between the two of us, we have had three recent parent deaths in the past year. So here we are with inherited IRA's with the required RMD's of those, and inherited annuities with various options (lump sum within...
by CyclingDuo
Sun Mar 12, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Tax time UTMA/TurboTax and how to file a child's UTMA 1099-DIV. What do I do?
Replies: 22
Views: 682

Re: Tax time UTMA/TurboTax and how to file a child's UTMA 1099-DIV. What do I do?

A child with only unearned income totaling less than $1050 doesn't have to file a return. Agree that you've keyed something wrong somewhere. Thank you. I think you're right that I keyed in something incorrectly. :oops: I'm definitely not the authority on the topic, but my reading of the A2 section ...
by CyclingDuo
Sun Mar 12, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: 3 fund or 2? No international
Replies: 21
Views: 1652

Re: 3 fund or 2? No international

I am just not seeing why putting my money into the international fund will help me be more diversified, since its inception in 1997 is only a 3.77% when the SWLBX since inception 1993 has been 4.66%? Why? 319 Million people live in the US 743 Million people live in Europe 4.436 Billion people live ...
by CyclingDuo
Sun Mar 12, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: Merriman article: 12 things every investor should know...
Replies: 43
Views: 5211

Re: Merriman article: 12 things every investor should know...

So, I have decided to just go w/ the lowest cost index funds, period. That happens to be market-cap weighted funds w/ essentially zero turnover. Buy companies, get your share of their profits, and don't try to do anything else. The important thing is that you have settled on an investment strategy ...
by CyclingDuo
Sat Mar 11, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: Merriman article: 12 things every investor should know...
Replies: 43
Views: 5211

Merriman article: 12 things every investor should know...

Not much new for Bogleheads, but it's always nice to point to some things that many here enjoy reading. Some harsh truths about saving and investing: 12 things every investor should know http://www.marketwatch.com/story/some-harsh-truths-about-saving-and-investing-12-things-every-investor-should-kno...
by CyclingDuo
Sat Mar 11, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2541
Views: 651562

Re: What Movie Have You Recently Watched?

Hidden Figures

Loved it!
by CyclingDuo
Fri Mar 10, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Pay off student loan OR more to Roth IRA
Replies: 18
Views: 581

Re: Pay off student loan OR more to Roth IRA

At your age, I'm a big fan of Traditional IRA's over Roth if you qualify for any deduction on your returns. You've got 40+ years for that money to grow. Good thoughts on that for the young investor here: https://momanddadmoney.com/traditional-vs-roth-ira-for-young-investors/ Why not Roth? She says ...
by CyclingDuo
Fri Mar 10, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Pay off student loan OR more to Roth IRA
Replies: 18
Views: 581

Re: Pay off student loan OR more to Roth IRA

At your age, I'm a big fan of Traditional IRA's over Roth if you qualify for any deduction on your returns. You've got 40+ years for that money to grow. Good thoughts on that for the young investor here: https://momanddadmoney.com/traditional-vs-roth-ira-for-young-investors/ Why not Roth? She says ...
by CyclingDuo
Fri Mar 10, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Pay off student loan OR more to Roth IRA
Replies: 18
Views: 581

Re: Pay off student loan OR more to Roth IRA

We're a couple in mid-late 20s. My partner has a student loan of about $10000 in the range of 3.5 ~ 4.5% I know that isn't too bad of a student loan but our income is not very high. Should we aggressively pay off the loan? Or should we strive to max the Roth IRA? I've done some researchonline and i...

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