Search found 3656 matches

by Duckie
Thu Feb 11, 2016 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help simplify an old account
Replies: 8
Views: 599

Re: Help simplify an old account

canbonbon wrote:Can I substibute VTEB for VWITX? Because VWITX has transaction fee of $20 while the ETFs are free at my brokerage. They look similar but VTEB is really new (only 6 months old).

Yes, VTEB is a decent substitute for VWITX.
by Duckie
Wed Feb 10, 2016 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Absolute (Time-Stretched) Beginner
Replies: 7
Views: 822

Re: Absolute (Time-Stretched) Beginner

In terms of 2015, and your (apparent) recommendation for putting the maximum amount for 2015 into a Roth IRA and the rest into a SIMPLE or SEP IRA, why a Roth IRA over a Traditional IRA? Wouldn't the same concepts apply for a Roth IRA as for a Roth 401(k), as outlined in that very useful link you p...
by Duckie
Wed Feb 10, 2016 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investing $8000 this week and current funds
Replies: 5
Views: 754

Re: Help with investing $8000 this week and current funds

I understand your thoughts on Lifestrategy and AA, makes sense. I did believe that it did have an AA similar to my AA (85 stock/15 bond). Is that right? LifeStrategy Growth has an AA of 80/20. I do understand though that with a three/four fund portfolio plan i can basically create this in the AA I ...
by Duckie
Wed Feb 10, 2016 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help simplify an old account
Replies: 8
Views: 599

Re: Help simplify an old account

BND only contained Emergency funds. I tried to read many threads on what to do with Emergency funds. CD ladders or Fixed income (albiet more risky) were the choices I saw. But CDs have management hassle so I just decided on BND. Not sure if it was the worst idea or not. There is no problem holding ...
by Duckie
Tue Feb 09, 2016 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Non deduct. iRA question
Replies: 8
Views: 409

Re: Non deduct. iRA question

Wife has a 23k SEP IRA with a 4K non deduct. contribution. Is taking the 4K non deduct. contribution as easy as withdrawing 4K and than presenting the 8606 form from 2008 (when non deduct. Contribution was made) to my accountant? No. If you withdraw money from the SEP IRA it will be pro-rated. That...
by Duckie
Tue Feb 09, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: new job, rollover 401K, 403B to IRA question Roth or Trad?
Replies: 3
Views: 157

Re: new job, rollover 401K, 403B to IRA question Roth or Trad?

jackal2001 , welcome to the forum. Did I make a mistake picking traditional? A Roth IRA is great for contributions and that's probably what you're reading about. A conversion is different. If you are planning to roll your old 401k and 403b plans over to a Traditional (Rollover) IRA then you will no...
by Duckie
Tue Feb 09, 2016 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Help simplify an old account
Replies: 8
Views: 599

Re: Help simplify an old account

After reading some articles on investing from Mutual funds to ETFs (especially in a down market) its says that the best way to minimize your losses is to try to find an ETF which is very similar to your fund. Hence I came up with option 1. However the other (conflicting) thought says forget the mum...
by Duckie
Tue Feb 09, 2016 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investing $8000 this week and current funds
Replies: 5
Views: 754

Re: Help with investing $8000 this week and current funds

Should i lose the Lifestrategy entirely, add it to the Roth or replace with different funds for my roth mix? Once you have a taxable account for retirement purposes then using a balanced fund like LifeStrategy makes figuring your AA and rebalancing more difficult. I do have a 401K with nationwide. ...
by Duckie
Mon Feb 08, 2016 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Planning Initial 3-fund Investment
Replies: 16
Views: 838

Re: Planning Initial 3-fund Investment

As I take my time to thoroughly do that, it sounds going with something like the Lifecycle Moderate Growth or Growth Fund could be a great solution. Not in a taxable account because of the taxable bond component. That's also the problem with Total Bond in taxable. Put bonds in your tax-sheltered ac...
by Duckie
Mon Feb 08, 2016 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: New 401K Plan Investment Selections
Replies: 3
Views: 305

Re: New 401K Plan Investment Selections

kmmuelle , welcome to the forum. Here are my options for the new 401k: This looks like an expensive plan. I don't see one index fund. If anyone has any thoughts, it would be greatly appreciated! Costs matter. When you get the expense ratios add them. Also find out if you will pay the loads on the A...
by Duckie
Mon Feb 08, 2016 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investing $8000 this week and current funds
Replies: 5
Views: 754

Re: Help with investing $8000 this week and current funds

britishguy77 , welcome to the forum. Current brokerage balance is approx $10,000 in Vanguard Lifestrategy Growth Fund VASGX. Should I add the $8000 to this and transfer to admiral class shares? Purchase different funds with this $8000????????? LifeStrategy Growth is not really suitable for a taxabl...
by Duckie
Mon Feb 08, 2016 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Just starting out...HELP me
Replies: 7
Views: 520

Re: Just starting out...HELP me

My main question has to do with my debt. Should I pay the credit card with APR off first, then start on the one with no APR? Yes. Should I consolidate my student loans? And if not, how should I start paying on them? Start with the biggest balance? Start with loans that have the highest interest rat...
by Duckie
Mon Feb 08, 2016 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: rollover from IRA to 401k for backdoor Roth
Replies: 1
Views: 79

Re: rollover from IRA to 401k for backdoor Roth

rosed , welcome to the forum. As my tax adviser explained it, it was something about the entire $5500 being taxed because of the large amount in the IRA. It's called the pro-rata rule . I'm not sure on the math but am I losing more money keeping the $150k in my employer's plan with the higher ER an...
by Duckie
Mon Feb 08, 2016 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Old non deduct. iRA contribution and backdoor Roth question
Replies: 5
Views: 332

Re: Old non deduct. iRA contribution and backdoor Roth question

Since the non deductible contribution was made before backdoor roths were allowed does this change anything? No. Also after doing that rollover from non deduct. Ira to roth, will I still be able to do 2015 and 16 backdoor roths? Yes. Rollovers and conversions are not contributions. Once you've remo...
by Duckie
Sun Feb 07, 2016 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Limited 401K bond fund choices...which one(s)?
Replies: 4
Views: 245

Re: Limited 401K bond fund choices...which one(s)?

Gort wrote:Does it make sense just to keep it in the T.Rowe Price fund for the short time frame ahead until the transfer to Vanguard?

Just leave it where it is.
by Duckie
Sat Feb 06, 2016 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to rebalance, would love some advice
Replies: 12
Views: 777

Re: Looking to rebalance, would love some advice

Goals: To start saving for a house, and put more money into my Traditional IRA. But I feel I need to rebalance my 403b. The best options in the 403b are: Voya U.S. Stock Index Portfolio - Institutional Class | INGIX | .27% -- Large caps stocks only American Funds EuroPacific Growth Fund - Class R-4...
by Duckie
Sat Feb 06, 2016 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - 30 y/o switching from FA to Vanguard
Replies: 3
Views: 438

Re: Portfolio Advice - 30 y/o switching from FA to Vanguard

Desired Asset allocation: Not sure - from reading would guess 70/30 or 80/20 How about splitting the difference and making it 75/25? Desired International allocation: Not sure Vanguard has found between 20% and 40% of stocks in international to be the "sweet spot". See the Vanguard paper ...
by Duckie
Fri Feb 05, 2016 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: suggestions to start using backdoor ROTH
Replies: 3
Views: 344

Re: suggestions to start using backdoor ROTH

s2kmw wrote:What other options are there to rollover those funds to avoid the pro-rata?

She could start a small home-business and open a solo 401k. Then roll the TIRA into the solo 401k.
by Duckie
Fri Feb 05, 2016 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing...baby on the way!
Replies: 2
Views: 411

Re: New to investing...baby on the way!

rfleming222 , welcome to the forum. I have been looking at Index Funds and I'm thinking about putting most of my Roth IRA into either VFIAX or VFINX. Is putting $10,000 of my $11,000 into VFIAX (min $10K) too much? Should I instead invest less in VFINX (min $3k) and put more into bonds? I recommend...
by Duckie
Fri Feb 05, 2016 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Started new job - what to do with my old 401k?
Replies: 6
Views: 506

Re: Started new job - what to do with my old 401k?

Needless to say, I am not sure what I'm doing. My guess is that getting the money out of the old ADP 401k and rolling it into the Vanguard IRA asap would be a good first step. In order to provide decent advice we need more information. List the fund names, ticker symbols, and expense ratios for the...
by Duckie
Thu Feb 04, 2016 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Started new job - what to do with my old 401k?
Replies: 6
Views: 506

Re: Started new job - what to do with my old 401k?

kew , welcome to the forum. What would you do in my shoes? It depends. You have four options for your old 401k: ⋅ Leave it where it is. If your options/costs are decent at your old 401k leaving it there would be fine. List the options (fund names, ticker symbols, expense ratios). ⋅&n...
by Duckie
Thu Feb 04, 2016 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 73
Views: 6345

Re: I Lost My FInancial Brain - Please Help

beehumble , welcome to the forum. I'm sorry for your loss. Ideas I have had: 1) rental properties are a pain and will be a pain for the kids who have their own kids to taxi around etc if I pass them on, so sell them. Sell the mortgaged house, too, but downsize from my current house (two story) to s...
by Duckie
Thu Feb 04, 2016 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 84
Views: 5326

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

Pension covers almost 100% of expenses, but I'm pretty cheap frugal.

Age 60
Retired at 50

Since the bulk of my total earnings were not covered by social security and I have a pension my social security when I do take it will be miniscule.
by Duckie
Thu Feb 04, 2016 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Basis After Roth Conversion following TIRA loss
Replies: 21
Views: 950

Re: IRA Basis After Roth Conversion following TIRA loss

Does the $50 from the loss in 2014 add to my TIRA basis for 2015 or not since only $6450 of the $6500 non-deductible contribution was distributed in the conversion. In other words, (same question), do I have $50 or $100 in taxable income from 1099-R in 2015? You owe $50 for 2015. 2014 Form 8606 Par...
by Duckie
Wed Feb 03, 2016 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio allocation
Replies: 3
Views: 389

Re: portfolio allocation

I am about to open a Fidelity account and looking for ideas for a good diversification portfolio. I received a decent inheritance and looking for a portfolio of 3-4 funds for the long term. If this is all taxable, then a better bond option would be: ( FLTMX ) Fidelity Intermediate Municipal Income ...
by Duckie
Wed Feb 03, 2016 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH IRA Process.
Replies: 42
Views: 4514

Re: Backdoor ROTH IRA Process.

NOgmacks wrote:Actually, the links I had were wrong. The '2014' links now show exactly what is on my actual return.

As long as line 14 said 0, then you're good to go.
by Duckie
Wed Feb 03, 2016 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH IRA Process.
Replies: 42
Views: 4514

Re: Backdoor ROTH IRA Process.

So, what happened without having to go thru the whole link is: She had a loss of 10 dollars for the 11,000.00 we moved from her tIRA to ROTH. So, I didn't have to pay taxes for the loss, but, the cost basis gets carried over? Something like that. That's right. I didn't reread the entire thread so I...
by Duckie
Wed Feb 03, 2016 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH IRA Process.
Replies: 42
Views: 4514

Re: Backdoor ROTH IRA Process.

Just needed some help with the Basis Carryover part of the 8606 on my wife's form. I am attaching 2015 IRA 8606 form. Can anybody have a look and let me know if I am on the right path? Why did she not convert all of her TIRA to a Roth IRA in 2015? Why did she leave that $10 basis? Or is that an err...
by Duckie
Tue Feb 02, 2016 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Absolute (Time-Stretched) Beginner
Replies: 7
Views: 822

Re: Absolute (Time-Stretched) Beginner

Based on what you say, an IRA is obviously the option for 2015 - presumably the SEP IRA? I can't see that a simple IRA would have any advantages, or am I missing something? (You're right, I don't have any employees, and it's highly unlikely I ever will.) The differences between the plans: ⋅&nb...
by Duckie
Tue Feb 02, 2016 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: First time doing taxes, need advice
Replies: 8
Views: 475

Re: First time doing taxes, need advice

I have a 401k, Trad IRA w/ Vanguard, savings, and checking. None of my savings and checking accounts earn interest > $10, so I assume that I do not have to report them (correct me if I'm wrong, but I have not receive any tax forms from those banks yet). You do report earned interest even if under $...
by Duckie
Tue Feb 02, 2016 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - Ways around Pro-Rata Rule?
Replies: 6
Views: 703

Re: Backdoor Roth - Ways around Pro-Rata Rule?

Open up Solo-401k in Fidelity (will need to set her up as sole proprietor - I'd appreciate any advice on how to do this? Do I just file Schedule C for her 2015 taxes and then get an EIN from the IRS and give that to Fidelity?) Get the EIN before she files Schedule C for 2015. She should use that nu...
by Duckie
Mon Feb 01, 2016 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - Ways around Pro-Rata Rule?
Replies: 6
Views: 703

Re: Backdoor Roth - Ways around Pro-Rata Rule?

Is my plan the best/legal way to do this? It'll work. How does she go about opening up a Self Employed 401k? She should contact Fidelity. They allow incoming IRA rollovers to their Self-Employed 401k plan . They also allow the cheaper Advantage shares when the assets get big enough. Does Vanguard a...
by Duckie
Mon Feb 01, 2016 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor IRA
Replies: 2
Views: 187

Re: Backdoor IRA

stephenyan1984 , welcome to the forum. I start to work on Backdoor IRA to take the tax advantage in year 2015. I just created a traditional IRA. I plan to transfer funds $5500 from checking account to it. Is there special instruction to make this transfer a non-deductible contribution to it ? No. T...
by Duckie
Mon Feb 01, 2016 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Advice/Opinion on 401k and Roth
Replies: 6
Views: 454

Re: Advice/Opinion on 401k and Roth

Is it ok to utilize a target retirement fund such as 2010 or 2015 that for now are essentially a balanced fund or would you just stick with Vanguard Total Bond fund? I'd stick with Total Bond. Regarding three fund portfolios, is there much reason to worry about the the overall type (small cap, mid,...
by Duckie
Mon Feb 01, 2016 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: 23-Year-Old Investors Need Advice
Replies: 13
Views: 915

Re: 23-Year-Old Investors Need Advice

BL wrote:My suggestion is the Balanced Fund in 401k with a Target Date fund which has 10% bonds <snip> in both Roths for a bit more simplicity

This would be the easiest way until you have more assets.
by Duckie
Sun Jan 31, 2016 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: 23-Year-Old Investors Need Advice
Replies: 13
Views: 915

Re: 23-Year-Old Investors Need Advice

Is 40% bonds too conservative for someone so young? It is conservative. Whether it is too conservative for you depends. But once you add the Roth IRAs the 40% will be diluted if you buy Total International and Total Stock Market. For example: Portfolio #1 -- This is 60% US stocks, 0% international ...
by Duckie
Sun Jan 31, 2016 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: 23-Year-Old Investors Need Advice
Replies: 13
Views: 915

Re: 23-Year-Old Investors Need Advice

So I'll go with option two and invest in bonds in a Roth IRA with Vanguard. Option Two is ( VBIAX ) Vanguard Balanced Index Fund Admiral Share (0.09%). That fund is 60% US stocks and 40% US bonds, so you don't want to put more bonds in the Roth IRA because 40% is already more than your desired 23%....
by Duckie
Sun Jan 31, 2016 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: List of all tax-advantaged space?
Replies: 22
Views: 1837

Re: List of all tax-advantaged space?

It got me thinking, am I maximizing all the tax-advantaged space available to me? Here's the list I know of - hoping you all will be able to find any that I've missed: If you have a 457b plan in addition to a 401k or 403b you can contribute $18K to the 457b plus $18K to the 401k/403b. If you are se...
by Duckie
Sun Jan 31, 2016 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Advice/Opinion on 401k and Roth
Replies: 6
Views: 454

Re: Advice/Opinion on 401k and Roth

FrozeUp , welcome to the forum. Would it be best to rebalance some of my 401K into bonds? Yes. At your ages no bonds is very aggressive. You should have at least 20% bonds, and 30% would be better. Any advice on our investments is appreciated. Since all of your retirement assets appear to be in tax...
by Duckie
Sat Jan 30, 2016 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1698

Re: IRA Advice For 18yo

Qcos , welcome to the forum. As I am about to go to college, I do not foresee myself being able to make $5,500 deposits each year until I am out of college. If I put $1,000 into an IRA now, can I make $500-$1000 deposits for the next few years and then increase my annual contribution once I am in a...
by Duckie
Fri Jan 29, 2016 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: New to the site
Replies: 17
Views: 984

Re: New to the site

Bozebananas , welcome to the forum. Am I on the right track?? Any guidance would be greatly appreciated. You show an Asset allocation of 75% stocks, 25% bonds, with roughly 33% of stocks in international, breaking down to 50% US stocks, 25% international stocks, and 25% bonds. That is reasonable fo...
by Duckie
Fri Jan 29, 2016 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Check w/ Questions - Please Help
Replies: 23
Views: 1241

Re: Portfolio Check w/ Questions - Please Help

jepalan wrote:Any last thoughts before I adjust future elections and rebalance?

It's fine except for one thing. You are planning to contribute $1K a week to a taxable account but should be contributing to the backdoor Roth IRAs first.
by Duckie
Thu Jan 28, 2016 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: 23-Year-Old Investors Need Advice
Replies: 13
Views: 915

Re: 23-Year-Old Investors Need Advice

esilael , welcome to the forum. We will need to purchase a vehicle in the next couple months, as my parents would like the car they sold me back. They sold it to you and now they want to buy it back??? We need to change the order of the funds we are investing in. I believe it should be 401K up to e...
by Duckie
Thu Jan 28, 2016 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Absolute (Time-Stretched) Beginner
Replies: 7
Views: 822

Re: Absolute (Time-Stretched) Beginner

Dri , welcome to the forum. Apart from reining in spending, I have two fundamental objectives at this stage: 1) start making formal provision for my retirement (401k, IRAs etc), and 2) invest my remaining savings for much better returns. On (1), I just don't know what instrument to choose among the...
by Duckie
Thu Jan 28, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: backdoor roth ira and form 8606
Replies: 9
Views: 2712

Re: backdoor roth ira and form 8606

I think my mistake was not reporting this conversion on my 2014 tax return (as I didn't yet have any tax documentation and was confused when I was to report it.) You didn't convert in 2014, you converted in 2015. You need to file Form 8606 for the 2014 contribution. Given the information it should ...
by Duckie
Thu Jan 28, 2016 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Investor looking for Guidance - Bonds and Index Funds
Replies: 6
Views: 454

Re: Investor looking for Guidance - Bonds and Index Funds

I made some changes a few month in after realizing that I picked the wrong funds so this will explain why some funds have 0% allocation but still have a balance. Not sure if this should stay like this? Once you decide which 401k fund/s you want, remove all the money from the other funds and move it...
by Duckie
Wed Jan 27, 2016 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: How to report backdoor Roth and SEP conversion
Replies: 1
Views: 129

Re: How to report backdoor Roth and SEP conversion

I'm assuming that both of these transactions will need to be entered on one Form 8606 but i'm not sure. Can anyone steer me in the right direction on how to do this? Yes, one form . On page 1, Part I, Line 8 it states: "Enter the net amount you converted from traditional, SEP, and SIMPLE IRAs ...
by Duckie
Wed Jan 27, 2016 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: 403b provider choices
Replies: 22
Views: 939

Re: 403b provider choices

There is also a list of Roth 403(b) Providers, but I imagine since we are both maxed with our Vanguard Roth IRA we cannot contribute to these? Your Roth IRA has nothing to do with a Roth 403b. You are allowed to have both. Whether the Roth 403b is a good idea is a different issue. See: The Case Aga...
by Duckie
Wed Jan 27, 2016 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Investor looking for Guidance - Bonds and Index Funds
Replies: 6
Views: 454

Re: Investor looking for Guidance - Bonds and Index Funds

nesiom , welcome to the forum. I also plan to set up an automatic reoccurring deposit into my taxable brokerage account (separate from Roth IRA) of maybe $200 each month. In a taxable account it would be better to save up the $200 until you have a decent chunk like $500 or $1000 and then invest. It...
by Duckie
Wed Jan 27, 2016 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Check w/ Questions - Please Help
Replies: 23
Views: 1241

Re: Portfolio Check w/ Questions - Please Help

I assume in order to keep the desired allocation balanced I may have to light up some bonds in the VG account as time goes on (which is why Ducky has a placeholder for VWITX). Is this correct? Yes. Is the idea to also to keep the 14% retirement cash constant over time? i.e. put enough of my annual ...

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