Search found 473 matches

by EHEngineer
Wed Jul 19, 2017 11:05 am
Forum: Investing - Help with Personal Investments
Topic: How much to put in a 457?
Replies: 7
Views: 520

Re: How much to put in a 457?

rthouir, Welcome to bogleheads. You guys are doing great. Good job saving and good job keeping track of everything. If your plan is to take the money out before age 59.5, I think it's a good idea to utilize the 457 for the $10k/yr. With a governmental 457 you can treat it like a 401k, but without ea...
by EHEngineer
Wed Jul 19, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Contemplating cancelling life insurance policy (16 years in), can't get an inforce illustration
Replies: 12
Views: 1352

Re: Contemplating cancelling life insurance policy (16 years in), can't get an inforce illustration

I have the CSV values from the statements. I'll post the ones from 2012 to 2016 for my own policy. If needed, I can go back further. They are $5023, $5859, $6751, $7702, $8706. We just got the 2017 statement in the mail but not sure where my mother placed it at the moment. Perfect, thank you. So, y...
by EHEngineer
Tue Jul 18, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating cancelling life insurance policy (16 years in), can't get an inforce illustration
Replies: 12
Views: 1352

Re: Contemplating cancelling life insurance policy (16 years in), can't get an inforce illustration

Hi Choirboy - One simple way to get a sense of the policy is to look at cash surrender value (CSV) growth. For simplicty, let's look at your policy only. Do you have the annual policy statements? 1) What is the most recent CSV? I would prefer you get the actual value from the statement, instead of t...
by EHEngineer
Fri Jul 14, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

All - We have continued to work on this issue and I have some updates. 1) Friend now possesses a copy of the check used to transmit the money. There is no debate about chain of custody of the money during movement by check. It went from custodian to custodian. 2) Friend has gathered account statemen...
by EHEngineer
Thu Jun 15, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: ***** Terminology Clarifications *****

It looks to me like this thread is struggling with terminology issues. <clip> It surely is. In summary, I read links (including your link to Pub 590-A, thank you!) that say distributions paid from trustee to trustee is not a rollover (and not subject to 1/yr 60-day rollover limit). OK, so how is th...
by EHEngineer
Thu Jun 15, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: ***** Terminology Clarifications *****

It looks to me like this thread is struggling with terminology issues. I have to agree. I'm not even sure that this is really an IRA that is being talked about. The OP is talking about small claims court for something that is not theirs, for something that they haven't seen any account statements f...
by EHEngineer
Thu Jun 15, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

What is the distribution code if box 7 of the 1099-R? Kevin The 1099 is currently at the accountant, who is on vacation. I haven't been able to get an answer to this yet. Can you tell me where you're going with this? The code will help you understand whether or not you need to do anything about it,...
by EHEngineer
Sun Jun 04, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

Friend tells me he did not do a rollover for many years prior to this. However Friend moved this same money from Bank Investment Services / Pershing, LLC to Andrews FCU in Jan 2017. So the concern is that friend could get another 1099 for that. Also, Friend has other IRAs that are/were planned to b...
by EHEngineer
Sun Jun 04, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: Simple & Free Floor Plan Software
Replies: 4
Views: 374

Re: Simple & Free Floor Plan Software

Sketchup is a free drafting/modeling software package. It will allow you to make scaled, dimensioned sketches. And it has lots of free tutorial videos for the DIYer. http://www.sketchup.com In my area, there are services that will create a model of your house for a few hundred bucks. Ask for a .dxf ...
by EHEngineer
Sat Jun 03, 2017 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

The friend is the victim of an error by the insurance company AND the bank. There should be no 1099R issued by the insurance company because a non reportable transfer was transacted, at least as explained by OP. The IRS has ruled that there is no IRA distribution unless a check is made payable to t...
by EHEngineer
Sat Jun 03, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

What is the distribution code if box 7 of the 1099-R? Kevin The 1099 is currently at the accountant, who is on vacation. I haven't been able to get an answer to this yet. Can you tell me where you're going with this? The code will help you understand whether or not you need to do anything about it,...
by EHEngineer
Sat Jun 03, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

Edit to ask: what rule do you mean? One can have many, many trustee-to-trustee reportable transfers that go by check. They are not affected by this rule. This rule: https://www.irs.gov/retirement-plans/ira-one-rollover-per-year-rule Thank you for this link. I know these IRS guides for "normal ...
by EHEngineer
Fri Jun 02, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

I believe "unreportable" is the key to what friend wanted, what I mean by that is the money goes from one IRA to another IRA of the same owner, without at 1099 being generated. Hope that's clear. I understand that your friend doesn't want a 1099-R, but why should he care if the 1099-R say...
by EHEngineer
Fri Jun 02, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

What is the distribution code if box 7 of the 1099-R? Kevin The 1099 is currently at the accountant, who is on vacation. I haven't been able to get an answer to this yet. Can you tell me where you're going with this? PS. Thanks for the tip on the 3% Edwards FCU CD. Friend was pleased to take advant...
by EHEngineer
Fri Jun 02, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

First of all the friend should verify that the funds were actually moved into an IRA account and NOT a taxable savings account. If so, this was a trustee to trustee transfer and these are non reportable so no 1099R should have been issued. Although friend could simply report a rollover on line 15 o...
by EHEngineer
Fri Jun 02, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

I understand that it could be done this way. But it is not what friend wanted. Friend wanted an "unreportable" trustee to trustee transfer. so as not to use the 1/12mo allowed rollover. This is a misunderstanding of the rule. One can have many, many trustee-to-trustee reportable transfers...
by EHEngineer
Fri Jun 02, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

Re: IRA rollover, *erroneous* 1099 (for full balance)

It is likely the 1099-R is correct. I got a 1099-R for the full balance of my 401(k) rollover to another 401(k). Of course, I didn't have to pay any taxes on that. So your friend should follow the IRS instructions for reporting 1099-R forms that they receive. Instructions are Form 1040 line 15 or l...
by EHEngineer
Wed May 31, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: IRA rollover, *erroneous* 1099 (for full balance)
Replies: 36
Views: 1728

IRA rollover, *erroneous* 1099 (for full balance)

BHs - Six years ago, a friend bought/was sold an annuity, for funds in his IRA, by the "investment services" person at a bank. Last year, when annuity withdrawal fees expired, friend wanted to move IRA to a savings account at same bank. In late 2016 annuity company transferred money to ban...
by EHEngineer
Mon May 29, 2017 11:04 am
Forum: Investing - Theory, News & General
Topic: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series
Replies: 68
Views: 5851

Re: Using the Funded Ratio to drive your retirement investment plan

Any suggestions for best websites to find prices for a deferred annuity and/or SPIA? I would start here: https://investor.vanguard.com/annuity/ The youngest quoted age from vanguard is 55. Immediateannuities.com quotes at age 40 with a maximum deferment of 25 years. I couldn't find quotes from eith...
by EHEngineer
Wed May 24, 2017 10:53 pm
Forum: Investing - Theory, News & General
Topic: Eliminating Single Positions and Moving to Index Fund
Replies: 28
Views: 3322

Re: Eliminating Single Positions and Moving to Index Fund

What percent of your portfolio do the individual stocks represent? If you plan on making charitable contributions, I recommend using a donor advised fund. Donate the appreciated shares and you can both avoid the CG tax and take a deduction of the current value. win win. Do you have any losses that c...
by EHEngineer
Tue May 23, 2017 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 401k Fund options.
Replies: 5
Views: 409

Re: Help with 401k Fund options.

Hi bouldert, First, congratulation on taking control of your finances. based on your questions, I think you should use the 2045 target retirement fund. It will do all the work for you, and prevent you from making a mistake. If you enjoy managing investements and figure out your desired asset allocat...
by EHEngineer
Tue May 23, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: "The Problem With Factor Investing Research"
Replies: 58
Views: 2987

Re: "The Problem With Factor Investing Research"

too bad larry isn't here to poke bunch of holes in that article. I doubt Larry would poke a bunch of holes in the article. There's literally nothing even a little bit controversial in the article. It is the same exact argument that Larry makes in his own articles (and books) on factors, using the s...
by EHEngineer
Tue May 23, 2017 9:25 am
Forum: Investing - Theory, News & General
Topic: "The Problem With Factor Investing Research"
Replies: 58
Views: 2987

Re: "The Problem With Factor Investing Research"

The author of that article runs an investment firm called alpha architect. I clicked around a little and found they recommend "high conviction momentum investing" with a basket of 50 stocks based on a screen of past performance. 50! Not a firm/person that I would trust. too bad larry isn't...
by EHEngineer
Fri May 19, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Additional Tax Savings for Employed High Earner?
Replies: 9
Views: 705

Re: Additional Tax Savings for Employed High Earner?

Hi danielnash, Congratulations on having such a huge income. That's impressive. Several things you can do. 0) Have you read the guide on tax efficient fund placement? https://www.bogleheads.org/wiki/Tax-efficient_fund_placement 1) Is your 401k decent? Ie. low cost broad index funds and low account f...
by EHEngineer
Fri May 19, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Help with investing
Replies: 6
Views: 362

Re: Help with investing

Hello I have about 50k in Santander MMA which i do not intend to use in next 5 years and looking for tips on investing.I have my brokerage, roll over IRA and IRA account with Fidelity. Any suggestions? Thanks in advance for your assistance. Hi new000, Welcome to Bogleheads. I am going to disagree w...
by EHEngineer
Thu May 18, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Re-balancing Math: Help Needed
Replies: 3
Views: 286

Re: Asset Allocation Re-balancing Math: Help Needed

Combine the values of both accounts. Then multiply the desired allocation for each symbol by the total dollar amount. If you have a total of $10000 in both accounts, your rebalancing targets would be as below: VBMPX 0.200 $2,000.00 VIIIX 0.486 $4,860.00 VMCPX 0.024 $240.00 VSCPX 0.090 $900.00 SWISX...
by EHEngineer
Tue May 16, 2017 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2778

Re: Retirees are hoarding cash

Nothing about "cash" in that article. You correctly identified that they are discussing spend rate would-a/could-a/should-a. Spoiler alert, people don't want to run out of assets in old age, and people generally don't like SPIAs.
by EHEngineer
Mon May 15, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: staying the course (goals met but rolling backwards)
Replies: 18
Views: 1116

Re: staying the course (goals met but rolling backwards)

Try living on one income for a year, as if you only had your income (ie still meeting your savings goals from that one income). Maybe one of you will change your mind. Even if it doesn't change anything, you'll save some extra dough.
by EHEngineer
Fri May 05, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: CD Asset allocation
Replies: 4
Views: 714

Re: CD Asset allocation

Assuming you set up your Asset Allocation to provide you with what you need for retirement at FRA you shouldn't count the CDs since they are merely your living costs for the next 5 years. I agree, its not part of your retirement asset allocation. It's a special bucket, for medium term living expens...
by EHEngineer
Fri May 05, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Sale of investment advisor (Scout Investments) - should we worry?
Replies: 3
Views: 449

Re: Sale of investment advisor (Scout Investments) - should we worry?

Your fund has outperformed vanguard total international and vanguard developed markets during your 20 year ownership, not by a little, by a lot! Congratulations, you picked a winner. Normally I would run away from a 1% ER, but gosh it has done so well for you. Maybe sell half and keep half? How much...
by EHEngineer
Wed May 03, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 5010

Re: My dad needs my help.

livesoft wrote:You want more reasons for not using CDs? Here is an article about "Cash Cushion:" https://earlyretirementnow.com/2017/03/ ... h-cushion/


Irrelevant. OP's withdrawal rate is less than 1%.
by EHEngineer
Wed May 03, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Creditor laws
Replies: 8
Views: 389

Re: Creditor laws

Very helpful approaches. Thank you so much for verifying that with links.. kind of you. I sat down to write a letter and as I started, the Ambulance service called me. It was a different agent, and she explained: The agencies conferre and they've arranged that if I call today and pay the Creditor, ...
by EHEngineer
Wed May 03, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 5010

Re: My dad needs my help.

As Bernstein says: when you've won the game, stop playing. Target Retirement Income is used when one has stopped playing. Unlike CDs, one can withdraw the money at any time for a new car, a new roof, to pay off the mortgage, a new girlfriend, ,,,, whatever. Also no renewing hassles with Target Reti...
by EHEngineer
Wed May 03, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 5010

Re: My dad needs my help.

I have to agree with the suggestion to just take all the IRA + Roth IRA money and move it to Vanguard and put it in the Target Retirement Income Fund. Vanguard will be able to calculate the RMD each year, so he can transfer it to his checking account. It is simplicity itself. This is so obvious to ...
by EHEngineer
Wed May 03, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Car Warranty Lies
Replies: 32
Views: 3909

Re: Car Warranty Lies

I'd probably just cancel it. Extended warranties don't make much sense on new vehicles. I know more than I should about these things. That's the plan. Just bummed I gained no value and don't get it all back, like I was told. I'll probably research cheaper more highly rated alternatives too. Make su...
by EHEngineer
Wed May 03, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 5010

Re: My dad needs my help.

I get your point. However, given that Dad have been paying 1% advisors, how well informed could he be? In my experience, relationship risks only arise when money is lost. CDs avoid that, and would avoid the vast majority of relationship risk. I supposed the Son's preferred bank could provide bad cu...
by EHEngineer
Wed May 03, 2017 9:58 am
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 5010

Re: My dad needs my help.

Don't let the amount of money bother you. If you are comfortable investing your own money in smaller amounts, the considerations are exactly the same when there are more zeroes. Technically true, but human behaviour can vary with portfolio size. Son may have a desire to avoid a bad phone call when ...
by EHEngineer
Wed May 03, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Creditor laws
Replies: 8
Views: 389

Re: Creditor laws

My best suggestion is ask the ambulance company to pull the debt back from the debt collector. What was the before and after credit score? I have never heard of a no-contact state. I know you can tell a creditor to not contact you (the so-called "drop dead" letter) after which they are not...
by EHEngineer
Wed May 03, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 5010

Re: My dad needs my help.

Don't let the amount of money bother you. If you are comfortable investing your own money in smaller amounts, the considerations are exactly the same when there are more zeroes. Technically true, but human behaviour can vary with portfolio size. Son may have a desire to avoid a bad phone call if/wh...
by EHEngineer
Wed May 03, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Advice
Replies: 10
Views: 988

Re: Bond Fund Advice

The 3-Fund Portfolio appeals to my quest for simplicity. We currently own 6 funds – all Vanguard - and would like your opinion about perhaps winnowing down to 3 funds. Our AA is 55/45. 55% of our portfolio is in a taxable account (Total Stock Index and Total International Index) and the other 45% i...
by EHEngineer
Wed May 03, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: My dad needs my help.
Replies: 50
Views: 5010

Re: My dad needs my help.

My father my nature is frugal and conservative. As for me, I am in my early 30s, young professional, and am comfortable with my own investing in the tens of thousands but to have to make a decision that will affect hundreds of thousands and my father's financial future feels like jumping into the d...
by EHEngineer
Wed May 03, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Looking for reqistered inv. advisor in Raleigh, NC area
Replies: 3
Views: 300

Re: Looking for reqistered inv. advisor in Raleigh, NC area

I have a friend in the triangle who recently asked the same question. Based on membership in the garrett financial planning network, and this website, I recommended this firm/advisor: http://www.sycamorefinancialplanning.com/ I don't live there and have never called him. You can search garrett yours...
by EHEngineer
Tue May 02, 2017 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Unfunded, non-qualified deferred plan - What is this thing?
Replies: 18
Views: 1425

Re: Unfunded, non-qualified deferred plan - What is this thing?

Sounds like a 457. The main issue with 457s is that while the company holds your deferred comp, it is subject to the claims of the company's creditors. So the usual recommendation is pass on the 457 unless you work for a government, in which case your deferred comp is not subject to the claims of go...
by EHEngineer
Tue May 02, 2017 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation
Replies: 13
Views: 1080

Re: Help with asset allocation

I did notice that our TSP "I fund" is setup to match the performance of the MSCI EAFE (Europe, Australia, Far East) index. Do you have any input on what disadvantage this fund has to the Vanguard Total International Stock fund? (it wouldn't be hard to use one Roth IRA for domestic and one...
by EHEngineer
Tue May 02, 2017 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to determine how much home insurance/landlord insurance to get
Replies: 2
Views: 240

Re: How to determine how much home insurance/landlord insurance to get

Sorry if this post comes off as kinda clueless, but I was just wondering if anyone would be kind enough to share how you came to your decision about how much home insurance you get. I understand that the dwelling coverage should be enough to cover the costs of rebuilding your home, but how do we de...
by EHEngineer
Tue May 02, 2017 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: 401k administrator requiring net worth
Replies: 40
Views: 2941

Re: 401k administrator requiring net worth

This is a request for information, you're not testifying under oath........just sayin. :wink: in the same spirit, I often answer truthfully, but not explicitly by writing $60,000+, 10+ years, etc. If you make $500k and write income of 100k+ that may satisfy both of you. ps. Welcome to Bogleheads!
by EHEngineer
Mon May 01, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bigger home guilt or bad idea
Replies: 15
Views: 2234

Re: Bigger home guilt or bad idea

You can afford it. You only live once. Go for it. :D
by EHEngineer
Mon May 01, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation
Replies: 13
Views: 1080

Re: Help with asset allocation

Hi tch, Welcome to bogleheads. Congratulations, you have created a well thought out and solid boglehead plan. Just a few thoughts for you to consider.... 1) I wouldn't worry much about having investor shares for a year or two. If the higher ERs bother you, you can use the ETF versions. They don't ha...
by EHEngineer
Mon May 01, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth conversion of IRA that contains only appreciated post tax assets?
Replies: 10
Views: 535

Re: Backdoor Roth conversion of IRA that contains only appreciated post tax assets?

Sounds right. cost basis is pro-rated. I have heard others regret doing the non-deductible IRA because they pay income tax rates instead of LTCG rates.

DS Investor, I had no idea you could split it up like that. That's quite a valuable work around. :sharebeer
by EHEngineer
Mon May 01, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Is NOW an okay time?
Replies: 15
Views: 2377

Re: Is NOW an okay time?

Thank you, guys. Appreciate it. Shawn, Welcome to bogleheads. We long term investors hope stocks will regularly set all time highs. We hope that next year's high will make the current high look like a bargain. The question that is more appropriate is: The market WILL drop at some point , and it's n...

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