Search found 3641 matches

by Duckie
Sat Feb 06, 2016 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to rebalance, would love some advice
Replies: 5
Views: 328

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: 373

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: 331

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: 394

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: 492

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: 492

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: 45
Views: 4284

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: 81
Views: 4663

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: 919

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: 367

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: 4489

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: 4489

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: 4489

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: 5
Views: 603

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: 470

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: 701

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: 701

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: 186

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: 445

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: 10
Views: 710

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: 10
Views: 710

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: 10
Views: 710

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: 1827

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: 445

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: 1675

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: 6
Views: 407

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: 1236

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: 10
Views: 710

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: 5
Views: 603

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: 2690

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: 450

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: 128

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: 936

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: 450

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: 1236

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 ...
by Duckie
Wed Jan 27, 2016 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: backdoor roth ira and form 8606
Replies: 9
Views: 2690

Re: backdoor roth ira and form 8606

I know this is a dated thread, but I did the same thing (except for 2014 return.) When I tried to put in my 1099-R with a distribution code (box 7) R, it told me to file an amended return. I gather I need to the 8606 and the amended return. Did you not file 8606 with your 2014 taxes? "R" ...
by Duckie
Tue Jan 26, 2016 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Check w/ Questions - Please Help
Replies: 23
Views: 1236

Re: Portfolio Check w/ Questions - Please Help

I believe my total portfolio could be better allocated for tax-advantage by tweaking fund selection in taxable versus non-taxable accounts, but I do not know where to start - especially as relates to the 401K fund selections. Any suggestions? The best options in the 401k are: Invesco Van Kampen Eq ...
by Duckie
Mon Jan 25, 2016 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should Long Term Care Insurance be part of my portfolio ?
Replies: 38
Views: 2289

Re: Should Long Term Care Insurance be part of my portfolio ?

Miriam2 wrote:Are you voting for #3 because of the size of OP's portfolio and their ability to "self-insure" or because you are not a fan of long term care insurance or a little of both?

Because of their ability to "self-insure".
by Duckie
Mon Jan 25, 2016 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Should Long Term Care Insurance be part of my portfolio ?
Replies: 38
Views: 2289

Re: Should Long Term Care Insurance be part of my portfolio ?

The options I see are: 1) Continue with the policy and continue accepting the premium/coverage increases 2) Continue with the policy and reject the premium/coverage increases to lock in my current rate and coverage 3) Discontinue the policy and assume that with my savings we could weather whatever ...
by Duckie
Mon Jan 25, 2016 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Questions
Replies: 6
Views: 825

Re: 1099-R Questions

From looking online I need to report the amounts of these 1099 R's on my form 1040 correct? But I won't have to pay tax on these distributions though as they were just rollover's correct? You add the two amounts together and put them on Line 16a. Line 16b should be 0 (and say "Rollover")....
by Duckie
Sun Jan 24, 2016 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: 27 Y/O Investor New To Investing Seeking Advice
Replies: 14
Views: 1107

Re: 27 Y/O Investor New To Investing Seeking Advice

I will list all of the index funds listed in the 457 plan at the bottom of this post! Given your 457 options and the amounts you have I would recommend the following: 457 at ICMA -- $25K -- 71% 46% ( VFIAX ) Vanguard 500 Index Fund Admiral Shares (0.05%) 25% ( VBTLX ) Vanguard Total Bond Market Ind...
by Duckie
Sat Jan 23, 2016 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: 27 Y/O Investor New To Investing Seeking Advice
Replies: 14
Views: 1107

Re: 27 Y/O Investor New To Investing Seeking Advice

bjm383 , welcome to the forum. You don't say what your desired Asset allocation is but at age 27 I recommend 75% stocks, 25% bonds, with 30% of stocks in international. That breaks down to 52% US stocks, 23% international stocks, and 25% bonds. How does that sound? What are all the options in your ...
by Duckie
Sat Jan 23, 2016 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement / financial planning with heavy TIAA-CREF
Replies: 13
Views: 1406

Re: Retirement / financial planning with heavy TIAA-CREF

These are the lower-cost funds for Spouse 1 -- all plus .23 ER admin fee: The best options are: Vanguard Total Stock Market VTSMX .17% Vanguard Interim Treasury VFITX .20% or one of the target-date funds If you use Lifecycle funds in the other 403b, use one of the target-date funds here. If using i...
by Duckie
Fri Jan 22, 2016 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Introduction, looking for advice on portfolio planning
Replies: 12
Views: 987

Re: Introduction, looking for advice on portfolio planning

I have never really established a knowledge base is to what level (if at all) I should take advantage of Roth 401k. My company allows me to put my contributions in as Roth, traditional, or a portion of each. My employer provides a 100% match of 8%, and this all goes in as traditional pre-tax dollar...
by Duckie
Wed Jan 20, 2016 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should I use my 401(k)'s Automatic Periodic Rebalancing?
Replies: 3
Views: 256

Re: Should I use my 401(k)'s Automatic Periodic Rebalancing?

fcox85 wrote:In the opinion of the Board, is this an effective substitute for manually monitoring one's account and re-balancing in large declines such as 2008?

One quibble I have about this is that you may have retirement assets outside of the 401k and rebalancing in just the 401k can throw off your AA.
by Duckie
Wed Jan 20, 2016 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: 401k allocation help!
Replies: 2
Views: 164

Re: 401k allocation help!

2ravitejak , welcome to the forum. Age:25 Desired Asset allocation: 100% stocks / 0% bonds Desired International allocation: xx% of stocks, not sure. 100% stock is very aggressive even for age 25. As for international, Vanguard has found between 20% and 40% of stocks in international to be the &quo...
by Duckie
Wed Jan 20, 2016 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Introduction, looking for advice on portfolio planning
Replies: 12
Views: 987

Re: Introduction, looking for advice on portfolio planning

Angler29 , welcome to the forum. Current Taxable Assets $20k Cash $60k Total Stock Market Index $20k Total Bond Index $30k Company Stock fully vested awards Get Total Bond out of taxable. Why are you holding cash for retirement (or is it for something else)? Contributions New annual Contributions $...
by Duckie
Wed Jan 20, 2016 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Location — How-To
Replies: 4
Views: 307

Re: Tax Location — How-To

hiroshige , welcome to the forum. I would like to optimize my portfolio for tax efficiency (e.g. asset location). <snip> Anecdotally, looking up the after-tax returns for two ETFs, BIV and VTI, gave somewhat conflicting data to what I've read. BIV has returned 2.89% while VTI has returned 11.53% ov...
by Duckie
Wed Jan 20, 2016 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: What IRS tax forms to file for new Roth IRA?
Replies: 7
Views: 613

Re: What IRS tax forms to file for new Roth IRA?

Gort wrote:Does she report the 2015 Roth IRA contribution amount on her tax return?

Assuming she's within income limits she does not report Roth IRA contributions to the IRS. In May the custodian will send her (and the IRS) Form 5498 showing her contributions. She should save that form.
by Duckie
Wed Jan 20, 2016 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Novice needs advice planning for retirement
Replies: 9
Views: 521

Re: Novice needs advice planning for retirement

I agree with tenkuky about the best options: VANGUARD INST INDEX (VINIX) 0.04% -- Large caps, 80% of US stock market SPTN EXT MKT IDX ADV (FSEVX) 0.07% -- Mid/small caps, 20% of US stock market SPTN GLB XUS IDX INS (FSGSX) 0.23% -- International stocks VANG TOT BD MKT INST (VBTIX) 0.06% -- US Bonds

Go to advanced search