Search found 4588 matches

by Duckie
Fri Mar 24, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - New to Indexing
Replies: 2
Views: 237

Re: Portfolio Review Request - New to Indexing

JackArbor , welcome to the forum. Trad IRA: $0 (income capped) If your income is under the limit for direct Roth IRA contributions you are allowed to contribute to a Roth IRA directly (for both you and your spouse). If your income is above the limit you may be able to use the Backdoor Roth IRA meth...
by Duckie
Thu Mar 23, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard Funds in Roth account?
Replies: 9
Views: 772

Re: Which Vanguard Funds in Roth account?

I was just curious which Vanguard funds and/or types of funds are recommended in a Roth account? Any and all types (except munis) are suitable for a Roth account. But really it depends on your other options. Generally it's better to put assets with higher expected growth (stocks) in Roth accounts a...
by Duckie
Thu Mar 23, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover Hypothetical
Replies: 6
Views: 287

Re: Rollover Hypothetical

My question is whether or not the amount being rolled over has any effect on the tax rate, or is it simply a function of your marginal tax rate? Conversions are taxed as ordinary income. The more you convert the higher the tax bracket gets. In most cases it's not advisable to convert above the 25% ...
by Duckie
Thu Mar 23, 2017 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Firefighter looking for retirement investing help
Replies: 3
Views: 375

Re: Firefighter looking for retirement investing help

dabeez666 , welcome to the forum. Age: 35 Desired Asset allocation: ?% stocks / ?% bonds Desired International allocation: ?% of stocks At age 35 I recommend an AA of 75% stocks, 25% bonds, with 30% of stocks in international. That breaks down to 53% US stocks, 22% international stocks, and 25% bon...
by Duckie
Thu Mar 23, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Investment Portfolio Advice - Roth IRA, TSP, and cash savings
Replies: 2
Views: 131

Re: Seeking Investment Portfolio Advice - Roth IRA, TSP, and cash savings

TMF26 , welcome to the forum. Desired Asset allocation: I really don't know. At age 32 I think you should start with an AA of 80% stocks, 20% bonds, with 30% of stocks in international. That breaks down to 56% US stocks, 24% international stocks, and 20% bonds. Which fund(s) would you recommend I p...
by Duckie
Thu Mar 23, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: [Questions about my company's "In-Plan Roth Conversion"]
Replies: 9
Views: 346

Re: Backdoor Roth - do I understand it ?

I have some questions about an "In-Plan Roth Conversion" that my Company's 401K is offering - which I believe is the same as the Backdoor Roth. An "In-Plan Roth Conversion" is not the same as the Backdoor Roth IRA method which has nothing to do with employer plans and it's not e...
by Duckie
Wed Mar 22, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: help with backdoor Roth IRA conversion
Replies: 3
Views: 227

Re: help with backdoor Roth IRA conversion

if I make a TIRA to Roth conversion in 2017, does that count towards my 5500 contribution limit. No. A conversion is not a contribution. I have about 7000$ in the TIRA account. Can I still contribute 5500$ to IRA and do a backdoor Roth conversion in 2017? You are allowed to contribute and convert b...
by Duckie
Wed Mar 22, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: help with backdoor Roth IRA conversion
Replies: 3
Views: 227

Re: help with backdoor Roth IRA conversion

maga2017 , welcome to the forum. I tried to rollover the traditional IRA to my 401k so that I can do the backdoor conversion efficiently. However I found out that my 401k plan wont accept Trad IRA conversion . Do you mean your 401k won't allow incoming rollovers from TIRAs? The phrase "Trad IR...
by Duckie
Wed Mar 22, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Roth solo 401k contribution limits -- double dipping?
Replies: 3
Views: 219

Re: Roth solo 401k contribution limits -- double dipping?

Well, that was not a fun worksheet. Okay, so no double dipping inside the solo 401k. :-( Thanks for the help.
by Duckie
Wed Mar 22, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Roth solo 401k contribution limits -- double dipping?
Replies: 3
Views: 219

Roth solo 401k contribution limits -- double dipping?

Here's the hypothetical scenario. Joe has a W2 job that pays very well but has no retirement plan available. He also has a 1099 side job that pays $25K net. His W2 income is enough to cover all taxes on the 1099 income. He contributes $18K to the Roth solo 401k as the employEE portion. He is also al...
by Duckie
Wed Mar 22, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Help with rebalancing
Replies: 19
Views: 1447

Re: Asset Allocation - Help with rebalancing

Good news, I might have Vanguard Total Stock, Total Int Stock, Total Bond, 500 US Index, Vanguard REIT funds available in my existing 401k as early as next week. Couldn't be more relieved. That's great. Do you know what the plan expense ratios will be? 401k plans are notorious for tacking on fees. ...
by Duckie
Tue Mar 21, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Help with rebalancing
Replies: 19
Views: 1447

Re: Asset Allocation - Help with rebalancing

I'm thinking to simply my portfolio. I'm thinking of 60% US stocks; 20% International stocks; 10% Bonds; 10% REITs, and continue it for 3-5 years. I'm little reluctant for 30% Bonds as I'm only 39yrs and willing to take some risk. If you don't want 30% bonds how about 20%? TD Ameritrade: Convert VT...
by Duckie
Tue Mar 21, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help with personal investments
Replies: 4
Views: 441

Re: Help with personal investments

The 401k plan is current. the 403b are with LAUSD. i am still a current employee of LAUSD. So does that mean all three employer plans are current and you could contribute to all of them? Allight i will review my post, what sorts of info am i missing? You're missing several things: ⋅ Do yo...
by Duckie
Mon Mar 20, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Need to Set Allocations. New Vanguard Acct.
Replies: 6
Views: 314

Re: Need to Set Allocations. New Vanguard Acct.

So what do you think? I think this is too complex. Total Stock Market, Total International Stock and, since this looks like a taxable account, Intermediate-Term Tax-Exempt Bonds. You don't need the rest. If you want to tilt 5% to small caps choose Small Cap Value. Do you have any tax-sheltered asse...
by Duckie
Mon Mar 20, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 2
Views: 178

Re: Consolidating IRAs Question

Is there any disadvantage to combining the 2 Rollover and one Traditional IRA into 1 account? No. Does it matter which account I combine them into (In other words should I move the 2 Rollover IRA's into the Traditional IRA account? I'd choose to move to one of the Rollover IRAs because if she ever ...
by Duckie
Mon Mar 20, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: new to investing looking for advice
Replies: 19
Views: 1334

Re: new to investing looking for advice

The best options are: ⋅ Vanguard 500 Index 0.05% -- Large caps, 80% of US stocks ⋅ Vanguard Mid Cap Index 0.08% -- Mid caps, 6% of US stocks ⋅ Vanguard Small Cap Index 0.07% -- Small caps, 14% of US stocks ⋅ American Funds EuroPacific Growth 0.54% -- Good int...
by Duckie
Mon Mar 20, 2017 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Roth IRA - Questions
Replies: 15
Views: 724

Re: Starting a Roth IRA - Questions

oilmanjr101 wrote:I have a financial adviser at Edward Jones

So what do you hold at Edward Jones? Is it a taxable account or some type of IRA?
by Duckie
Mon Mar 20, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Portfolio Help
Replies: 1
Views: 113

Re: 401k Portfolio Help

Dinvestor , welcome to the forum. I feel like I am too allocated for how much I have in my account. To make it simpler you could have: ⋅ 60% Vanguard Institutional 500 Index Trust .01 -- Large caps, 80% of US stocks ⋅ 30% Vanguard Inst Total International Stk Mkt Index Trust .06...
by Duckie
Mon Mar 20, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Plans in a New Small Business
Replies: 6
Views: 360

Re: Retirement Plans in a New Small Business

Is there a way to shelter any income from this business? I am vaguely familiar that small businesses can have versions of the IRA or other plans. There are several small-business plans . They have different rules and restrictions. At your stage your best options are SEP IRA, SIMPLE IRA, and solo 40...
by Duckie
Mon Mar 20, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: How do deal with high expense fees in 401k
Replies: 5
Views: 388

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

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 that so the company contributes 2.5% of her salary). Unfortunately, past the free money of the match, there is little to celebrate since the ...
by Duckie
Mon Mar 20, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: new to investing looking for advice
Replies: 19
Views: 1334

Re: new to investing looking for advice

Current employer offers two plans through transamerica - Defined Contribution Retirement Plan - Tax-Deferred Annuity Plan I'll be contributing to the Tax-Deferred Annuity Plan (this is the 403B I think) and the employer will start contributing 10% of income to the DCP after 1 year. So you have $2K ...
by Duckie
Mon Mar 20, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Selling mutual funds in a ROTH
Replies: 13
Views: 858

Re: Selling mutual funds in a ROTH

My SIMPLE has 6 American Funds and I know they'll be a tax hit to convert ... would I need to convert to a Traditional at Vanguard and then roll that to a Roth? I'm not sure if you need to open a TIRA at Vanguard and roll the SIMPLE IRA assets there first or if you can roll/convert directly to the ...
by Duckie
Sun Mar 19, 2017 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Selling mutual funds in a ROTH
Replies: 13
Views: 858

Re: Selling mutual funds in a ROTH

so I can roll it into a Roth despite recently transferring the Roth? I was under the impression you could only "transfer" 1 IRA per calendar year ... but I'm still not 100% on how all this works. It depends on how you "transfer" from one IRA to another IRA. ⋅ If you do...
by Duckie
Sun Mar 19, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Fund Selection Help
Replies: 12
Views: 398

Re: 401k Fund Selection Help

bewareofduck , welcome to the forum. My spouse is 32 and wants to contribute up to the company match in a Roth 401K. The best options are: ⋅ 500 Index Fund 0.03 -- Large caps, 80% of US stocks ⋅ Mid Cap Index Fund 0.06 -- Mid caps, 6% of US stocks ⋅ Small Cap Index Fun...
by Duckie
Sun Mar 19, 2017 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: ready for the 3 fund portfolio
Replies: 1
Views: 237

Re: ready for the 3 fund portfolio

monty , welcome to the forum. We will be rolling $43k(less taxes) to Her Roth. So you're going to pay the taxes on the conversions out of the IRA instead of paying from other assets? Since the Roth's are such small amounts, should they be invested in just one or two funds or should the also be 3 fu...
by Duckie
Sun Mar 19, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 - Backdoor Roth IRA
Replies: 6
Views: 584

Re: Form 8606 - Backdoor Roth IRA

So if I am doing 2016 TIRA contribution now (before april 15th, 2017) and backrothing it roll over to Roth now, you are saying that no form 8606 for 2016 tax filing? only mention TIRA contribution in TaxAct software (which is what I am using). When you tell your software you made a contribution to ...
by Duckie
Sun Mar 19, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Contributions
Replies: 19
Views: 1434

Re: Backdoor Roth IRA Contributions

Contributions for 2016 were made and undone, but I received a 1099-R during the process. How do I deal with this on my taxes? Is there another form to be filled out, or do I just omit it and assume that the broker will not file with the IRS? I'm hopeful that I will not even get a 1099-R for 2017 as...
by Duckie
Sun Mar 19, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Help with rebalancing
Replies: 19
Views: 1447

Re: Asset Allocation - Help with rebalancing

Do you know if there is a grace period during which you can return money back into previous employers 401k? I just got email that they have send Vanguard check on my way! You can try to reverse this by contacting the old 403b and asking if they'll take it back. You might get lucky, but it's unlikely.
by Duckie
Sun Mar 19, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing for the first time ever with bad 401(k) options
Replies: 7
Views: 451

Re: Rebalancing for the first time ever with bad 401(k) options

Just to understand the logic here: the purpose of splitting the 401(k) and buying bonds is to help keep the stock/bond ratio intact. Otherwise, as the 401(k) grows we get increasingly too stock-heavy? Yes. Changing allocation in the 401(k) tweaks stock/bond proportions and changing allocation in Hi...
by Duckie
Sat Mar 18, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing for the first time ever with bad 401(k) options
Replies: 7
Views: 451

Re: Rebalancing for the first time ever with bad 401(k) options

cenzy , welcome to the forum. Funds available in his 401(k) The best (trying not to laugh) options are: ⋅ Hartford Core Equity Fund (HGISX) (0.80%) -- Mostly large cap US stocks ⋅ Loomis Sayles Investment Grade Bond (LIGRX) (0.83%) -- Bonds Are the loads waived or do you have to...
by Duckie
Sat Mar 18, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: bad 401k options at new job
Replies: 22
Views: 1543

Re: bad 401k options at new job

jables , welcome to the forum. Am i doing the right thing or should i put my money in funds other than the Vanguard options listed below? The best options appear to be: ⋅ 500 Index Fund 1.13 -- Large caps, 80% of US stocks ⋅ Small Cap Index Fund 1.18 -- Small caps, 14% of US sto...
by Duckie
Sat Mar 18, 2017 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover help
Replies: 2
Views: 200

Re: Rollover help

MrGymEdu , welcome to the forum. Really appreciate any input if any at all come my way. What you choose for the Rollover IRA depends on what else you have (you can skip the International Bond). And as long as you sign up to get your confirmations / statements electronically you can avoid the $20 pe...
by Duckie
Sat Mar 18, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help with personal investments
Replies: 4
Views: 441

Re: Help with personal investments

linguista57 , welcome to the forum. I would like to consolidate. too many here. too much into cash it seems. Thank you for your help. You list two 403b plans and a 401k plan. Are they all current or are any of them from former employers? We really need more information. See the Asking Portfolio Que...
by Duckie
Sat Mar 18, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - do I understand it ?
Replies: 17
Views: 1499

Re: Backdoor Roth - do I understand it ?

For my adult child who will earn too much in 2017 to do a deductible IRA or Roth deposit... Do I have this right? Yes. Then either 1 nanosecond or a day or two later, she converts the IRA to a Roth. It takes a day or so for the contribution to post. she will pay ordinary income tax on any investmen...
by Duckie
Sat Mar 18, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Help with rebalancing
Replies: 19
Views: 1447

Re: Asset Allocation - Help with rebalancing

We transferred her 401k this year to TIRA. Plan is to move it to new 401k when she starts new job later this year to avoid taxes by prorata rule. Is there a deadline for this? I read somewhere it's Oct 15! In order to avoid the pro-rata rule issue the TIRA has to be empty as of 12/31/17. And that's...
by Duckie
Fri Mar 17, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Help with rebalancing
Replies: 19
Views: 1447

Re: Asset Allocation - Help with rebalancing

We both contribute to our traditional IRA $5,500 and then next day convert it to Roth IRA, and report it on tax return as such. This article explains it better for tax filing. Haven't had any issue in last 4 years that we did this. Just to confirm, when you did that and filed Form 8606 she ended up...
by Duckie
Fri Mar 17, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Needs a Plan
Replies: 17
Views: 853

Re: Newbie Needs a Plan

will123 wrote:Only questions is - it isn't worthwhile to keep anything in Mid Cap?

Since 500 Index already holds some mid-caps, having a separate Mid Cap fund for a small amount is of marginal value.
by Duckie
Thu Mar 16, 2017 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Needs a Plan
Replies: 17
Views: 853

Re: Newbie Needs a Plan

Am I currently invested in the most advantageous 401k funds available? I tried to choose the funds with the lowest expense ratios. You're in good funds but not the best AA. At the market weight 500 Index holds about 80% of US stocks, Mid Cap has about 6%, and Small Cap has about 14%. At 30/20/20 yo...
by Duckie
Thu Mar 16, 2017 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Help with rebalancing
Replies: 19
Views: 1447

Re: Asset Allocation - Help with rebalancing

I cannot contribute to Roth IRA directly due to income limits. However, I do backdoor Roth IRA every year in early January for both me and my wife for total of $11k. Her $44K TIRA gets in the way of the backdoor method for her because of the pro-rata rule . Are you doing it anyway and just paying t...
by Duckie
Wed Mar 15, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: 1st Request; Post-Retirement Plan Critique
Replies: 25
Views: 1758

Re: 1st Request; Post-Requirement Plan Critique

bhjjk19 , welcome to the forum. Our Portfolios (AA): His: VFIAX Vg 500 Index Fund Admiral Shares 281k 25.2% VEXAX Vg Extended Market Index Fund Admiral Shares 168k 15% VTIAX Vg Total International Stock Index Fund Admiral Shares 200k 18% VBTLX Vg Total Bond Market Index Fund Admiral Shares 150k 13....
by Duckie
Wed Mar 15, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio for 22 yo starting Roth IRA
Replies: 5
Views: 308

Re: 3 Fund Portfolio for 22 yo starting Roth IRA

She has a Roth IRA account with Fidelity with tiny amount in it. Can somebody recommend a 3 index fund portfolio please? That is a good suggestion with VTTSX. I will read up on that. Since she is at Fidelity she could have ( FDKLX ) Fidelity Freedom Index 2060 Fund Investor Class (0.15%). Buying a ...
by Duckie
Wed Mar 15, 2017 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation - Help with rebalancing
Replies: 19
Views: 1447

Re: Asset Allocation - Help with rebalancing

radstar , welcome to the forum. I'm rolling over my previous 403b with about 10k Roth & 96k Pre-Tax money to Vanguard. Are you anywhere near the Roth IRA income limits ? What would be the best funds to invest for traditional IRA? Total Stock Market, Total International Stock, Total Bond Market....
by Duckie
Mon Mar 13, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Tax Question
Replies: 15
Views: 1122

Re: Roth IRA Tax Question

@Duckie could you explain the reasoning here? When do I have to report a basis? Why do I have zero basis this year? According to your previous statements you have 0 basis as of 12/31/15 because you converted everything by then. If you made a non-deductible contribution of $5,500 for 2016 then you w...
by Duckie
Mon Mar 13, 2017 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth order of operations
Replies: 4
Views: 442

Re: Backdoor Roth order of operations

It seems as if the easiest thing would be to do the Roth conversion first, and then the 401k rollover. Does the IRS allow that, or would doing the conversion first cause the pro-rata rule to take effect? The IRS doesn't care one way or the other which is done first. As long as you're sure the 401k ...
by Duckie
Mon Mar 13, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Early withdrawal of backdoor Roth IRA - form 8606
Replies: 4
Views: 218

Re: Early withdrawal of backdoor Roth IRA - form 8606

Also what's the best way to input this in TurboTax? In TurboTax after you add the 1099-R for the withdrawal you have to answer the questions correctly. The relevant questions are: ⋅ Owned any Roth IRA for five years? YES ⋅ Withdraw from your Roth IRA before 2016? NO ⋅ ...
by Duckie
Mon Mar 13, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Early withdrawal of backdoor Roth IRA - form 8606
Replies: 4
Views: 218

Re: Early withdrawal of backdoor Roth IRA - form 8606

jcincolorado , welcome to the forum. What am I doing wrong? Should line 22 or 24 be higher? Line 22 looks right but 24 is definitely wrong. If you look at the Form 8606 instructions for line 24 it says: "If you didn’t take such a distribution before 2016, enter on line 24 the total of all your...
by Duckie
Mon Mar 13, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Tax Question
Replies: 15
Views: 1122

Re: Roth IRA Tax Question

Enter the total of all nondeductible contributions that were made to <user's> traditional IRAs in all years prior to 2016 less any withdrawals or distributions of nondeductible contributions in those years. The purpose of this is to figure your basis as of the end of 2015. In your case the amount y...
by Duckie
Sun Mar 12, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Tax Question
Replies: 15
Views: 1122

Re: Roth IRA Tax Question

I also made a non-deductible contribution of $5,500 in March 2016. Previously, in 2015, I had made two non-deductible contributions for 2015 and 2014 (each worth $5,500). I have a form 1099-R from Vanguard, which I've added into TaxAct, but the part where I'm getting confused is in reporting the ba...
by Duckie
Sat Mar 11, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Question regarding IRA recharacterization
Replies: 31
Views: 1127

Re: IRS Question regarding IRA recharacterization

As i said, I will call Taxslayer support and tell them about attaching a statement while submitting the return..Hopefully, they will have provision for that. Does TaxSlayer get your information via question/answer? Does it ask you if you have contributed to a TIRA or Roth IRA? Does it ask those typ...
by Duckie
Sat Mar 11, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Tax Question
Replies: 15
Views: 1122

Re: Roth IRA Tax Question

I contributed to Traditional IRA in January 2016. I contributed $5,500 for tax year 2015 and $5,500 for tax year 2016. I received a 5498 form from vanguard last year. Last year, I filed a 8606 and entered amount 5,500 in boxes 1 and 3 I converted this account to roth last year Okay. You need to go ...

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