Search found 2204 matches

by FiveK
Thu May 18, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Employer doesn't offer 401k and already have Roth IRA
Replies: 6
Views: 485

Re: Employer doesn't offer 401k and already have Roth IRA

See IRA recharacterization - Bogleheads, Solo 401(k) plan - Bogleheads, and IRA Deduction Limits for some links that might expand on previous suggestions.

For most people, traditional will be better than Roth. See Traditional versus Roth - Bogleheads for more on that.
by FiveK
Tue May 16, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in PT Job's 401k to Get Match?
Replies: 9
Views: 726

Re: Should I Invest in PT Job's 401k to Get Match?

SVT wrote:...the PT plan only allows a percentage, up to 50% contribution.
You might ask if a fixed amount could be done.

The programming to allow that in the payroll system would not be complicated....
by FiveK
Mon May 15, 2017 8:15 pm
Forum: Investing - Theory, News & General
Topic: Obtaining 2 Roth IRAs
Replies: 12
Views: 834

Re: Obtaining 2 Roth IRAs

StormShadow wrote:OP states that mom makes over $6500 per year.
Then it can work.
by FiveK
Mon May 15, 2017 8:05 pm
Forum: Investing - Theory, News & General
Topic: Obtaining 2 Roth IRAs
Replies: 12
Views: 834

Re: Obtaining 2 Roth IRAs

wifitye wrote:...cannot contribute more than that person makes in a year.
The word "makes" refers to earned income, which a gift is not. Nice idea, but if mom has no earned income then it's a non-starter.
by FiveK
Mon May 15, 2017 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in PT Job's 401k to Get Match?
Replies: 9
Views: 726

Re: Should I Invest in PT Job's 401k to Get Match?

I know it's free money... Yes, it is. ...should I take advantage of this? Yes, you should. Which option should I go with? Getting the maximum match from the PT job, and also getting the automatic contribution from the FT job, seems best. It's not a big deal exactly what you do after that, so whatev...
by FiveK
Mon May 15, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Saver's Credit and IRA to Roth conversion question (Form 8880)
Replies: 7
Views: 570

Re: Saver's Credit and IRA to Roth conversion question (Form 8880)

Well, not sure what to do here. I reached out to my CPA and he basically said we are wrong. That "distributions" in 2014 and 2015, which should go on line 4, eliminate the credit. These weren't distributions, but conversions from TIRA to Roth. We didn't put any money in our pockets, in ot...
by FiveK
Fri May 12, 2017 2:06 am
Forum: Investing - Help with Personal Investments
Topic: Question for a statistician - Question on Forex
Replies: 7
Views: 532

Re: Question for a statistician - Question on Forex

I know that no one can predict the future, and many here feel that there are good reasons to believe that the shekel will continue strengthening, even with the Israel central bank routine interventions, but given all that, is it possible to apply some science to this dilemma? Not really. This firm ...
by FiveK
Thu May 11, 2017 7:25 pm
Forum: Investing - Theory, News & General
Topic: Requesting feedback on my quest to reform OCPS's 403b/457b
Replies: 10
Views: 653

Re: Requesting feedback on my quest to reform OCPS's 403b/457b

1. I assume the market return is 6% and inflation is 3%. So I assume a real return of 3%. 2. Then I calculate how much real profit would be made after 30 years of 3% returns, with and without fees. 3. I look at the difference between those two values and divide that number by the profit made withou...
by FiveK
Thu May 11, 2017 6:44 pm
Forum: Investing - Theory, News & General
Topic: Requesting feedback on my quest to reform OCPS's 403b/457b
Replies: 10
Views: 653

Re: Requesting feedback on my quest to reform OCPS's 403b/457b

It can be found here https://educatorsfightingforfairness.wordpress.com/bad-plans. I'm trying my best to be objective, fair, and accurate. Any feedback is welcome! How is the "Impact of Fees" calculated? E.g., Impact of Fees Over 30 years the 0.63% annual fee costs you 26.2% of your real ...
by FiveK
Thu May 11, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2263

Re: How I use I-ORP, and who shouldn't

Then does i-Orp properly reflect that marginal rate pop at lower income? Many people who retire early prior to taking a pension (if they have one) and Social Security keep their other income quite low and manage dividends accordingly. This is true even with very large portfolios. If you start your ...
by FiveK
Thu May 11, 2017 2:22 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2263

Re: How I use I-ORP, and who shouldn't

The fact that these graphs both omit the famous hidden 30% marginal rate should be a red flag to many. Looking at the original thread with those graphs, it appears they are correct. There is no 30% marginal rate in the situation under study: - $100K capital gains - $115K other ordinary income - the...
by FiveK
Thu May 11, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2263

Re: How I use I-ORP, and who shouldn't

I tried i-Orp a few years ago but found that their tax algorithms were simplistic and flawed. perhaps they have enhanced them since then. +1 I found also that the suggested approach was way too aggressive (like converting TIRAs to Roths within the first 2 years and a number of other odd directions....
by FiveK
Thu May 11, 2017 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA: Income Limit Question
Replies: 14
Views: 1624

Re: Roth IRA: Income Limit Question

In your situation, given that you have already contributed to your Roth IRA for this year, you would not withdraw the excess contribution. After you've figured out your taxes for the year, you would recharacterize whatever was excess as a traditional, non-deductible IRA. Vanguard can handle this fo...
by FiveK
Thu May 11, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1701

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

... If you can manage food, clothing, shelter, etc. for $52K/yr after your taxes, health insurance, and SL repayments have been considered...? So after carefully reviewing our budget we came out with $3,367 in monthly expenses (not including any debt service), this breaks down to: Everyday expenses...
by FiveK
Wed May 10, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Elderly Investor
Replies: 6
Views: 545

Re: Help With Elderly Investor

I am trying to help an 86 year old friend better manage her investment. She currently has $86,000 in an annuity with no annual fees that pays 2%. Is it worth moving her money to Vanguard? Total Bond Index? Something else? First, how accessible is that $86K? In other words, - is she still "accu...
by FiveK
Wed May 10, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1701

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

One other thought: if you decide that you can afford the 10 year repayment at 6.8%, then refinancing at a lower rate via SoFi or other would be even better.
by FiveK
Wed May 10, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt
Replies: 25
Views: 1701

Re: Choosing the right tax filing status (MFS vs MFJ) with giant student loan debt

Using gross incomes from your other thread , and some guesses, your cash flow with standard repayment doesn't look terrible - and that's with a full $36K to 401ks and $3K to a tIRA. http://s16.postimg.org/6lgcnw2wl/screenshot_100.png If you can manage food, clothing, shelter, etc. for $52K/yr after ...
by FiveK
Mon May 08, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Newly married: MFS, multiple IRAs, student loans, and taxes (HELP!)
Replies: 28
Views: 1282

Re: Newly married: MFS, multiple IRAs, student loans, and taxes (HELP!)

If we could file MFJ, I would prefer Roth. I walked through the guideline steps on your link and it results in Roth for my situation. The traditional vs. Roth choice will usually overwhelm even 1% ERs. See [Wiki suggestion] Invest in taxable or 401(k)? - Bogleheads.org for some discussion, and link...
by FiveK
Mon May 08, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Newly married: MFS, multiple IRAs, student loans, and taxes (HELP!)
Replies: 28
Views: 1282

Re: Newly married: MFS, multiple IRAs, student loans, and taxes (HELP!)

If you do file MFJ, would you rather use traditional or Roth accounts? See Traditional versus Roth - Bogleheads if you want more background.
by FiveK
Sun May 07, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Fund Selection Advice
Replies: 4
Views: 322

Re: 401K Fund Selection Advice

I am 26 and I am looking for some advice on my 401k asset allocation mix. ... I am considering stopping future investments in the Nuveen and BNY funds due to the high expense ratios. If I do stop future investments, should I keep the money I have in the funds or move my money completely out of thos...
by FiveK
Sun May 07, 2017 9:14 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 17908

Re: Why save so much for when you're old?

imareal1 wrote:...putting away significant money into my 401Ks and IRAs that I can't even touch until I'm 65....
It has been noted this statement is incorrect. E.g., see How to withdraw funds from your IRA and 401k without penalty before age 59.5 for detailed alternatives.
by FiveK
Sun May 07, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Real newb. Help with a check up.
Replies: 17
Views: 1517

Re: Real newb. Help with a check up.

...am I actually better off considering non target fund that can be at admiral costs? "Better off" is a subjective term with a variety of possible meanings. For a quick comparison, admiral funds might save you ~0.1% over the cost of VTHRX. On a $10,000 investment, that's $10/yr. It's up t...
by FiveK
Sun May 07, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 403b / 457
Replies: 7
Views: 613

Re: Roth 403b / 457

snack attack wrote:...presently 35% marginal.

At that rate, traditional is almost certainly better for you than Roth. See Traditional versus Roth - Bogleheads for more details.
by FiveK
Thu May 04, 2017 10:14 pm
Forum: Investing - Theory, News & General
Topic: basic questions about selling a few shares (capital gain/short-term dividend)
Replies: 10
Views: 415

Re: basic questions about selling a few shares (capital gain/short-term dividend)

For the first time, I bought 1000.000 shares of ABCDE mutual fund at NAV $10.00 = $10,000 purchase. A week later it pays out a short-term dividend which is automatically reinvested, so now I have 1005.000 shares. Then one month after purchase, ABCDE mutual fund's NAV is at $11.00, and I then redeem...
by FiveK
Thu May 04, 2017 9:53 pm
Forum: Investing - Theory, News & General
Topic: basic questions about selling a few shares (capital gain/short-term dividend)
Replies: 10
Views: 415

Re: basic questions about selling a few shares (capital gain/short-term dividend)

S17C wrote:What is the default cost-basis method at most brokerages?

"FIFO (first in, first out)...is the default accounting method".
by FiveK
Thu May 04, 2017 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Allocation
Replies: 8
Views: 818

Re: Tax Efficient Allocation

Retirement Bound wrote:I'm looking to create a portfolio that is tax efficient
Can do - see Tax-efficient fund placement - Bogleheads.

and would have an annualized return of 7%.
Sorry, no guarantees available. See Historical and expected returns - Bogleheads for some perspective.
by FiveK
Thu May 04, 2017 9:45 pm
Forum: Investing - Theory, News & General
Topic: basic questions about selling a few shares (capital gain/short-term dividend)
Replies: 10
Views: 415

Re: basic questions about selling a few shares (capital gain/short-term dividend)

It depends on the Cost basis method you have chosen, and if you chose "specific share id", which shares you chose to sell.
by FiveK
Wed May 03, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: 403b vs 457
Replies: 42
Views: 2186

Re: 403b vs 457

buffteach wrote:Is there a way to add more vendors to the list?
Check your contract. Sometimes the mechanism is spelled out there.

If the contract is silent, try the HR dept. for your question. I'd try the contract itself first, because too often people don't know what the actual document says.
by FiveK
Wed May 03, 2017 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: 403b vs 457
Replies: 42
Views: 2186

Re: 403b vs 457

Here is a list of 403b providers given to me by our HR person It's sad that you have to do so much work to find your choices and their costs in these plans, as opposed to 401k plans in which that information is usually easily available online. But that's the situation, so... ...you might call the n...
by FiveK
Wed May 03, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 944

Re: earned PIA calculated as higher than current max PIA?

I show an AIME of 10,140. AIME can't include 2016 for someone born in 1955, final year for AIME calculation would be 2015. I show highest 35 years as 1980 and 1982 - 2015 While there is no indexing of earnings past age 60, it seems the earnings themselves (i.e., with an index of 1.0) may be include...
by FiveK
Wed May 03, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 944

Re: earned PIA calculated as higher than current max PIA?

I calculate the max PIA for someone who was born in 1955 at $2941. Spreadsheet from the wiki gets $2937, via AIME = $9784 (1982-2016; AWI for 2016 assumed same as 2015: $48093.61) Bend pt #1 = $885 Bend pt #2 = $5336 Base PIA = $2888 COLA adjustment = 1.017 COLA PIA = $2937 Whether either $2941 or ...
by FiveK
Mon May 01, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Not your average "How do I protect my investment" thread - Elderly care/Fraud
Replies: 3
Views: 515

Re: Not your average "How do I protect my investment" thread - Elderly care/Fraud

We think the cousin could be easily influenced into signing documents loaning funds,changing wills, or outright disbursing funds.... Some arms-length legal advice seems warranted. A power-of-attorney in which someone else takes care of your cousin's finances is one possible route, but the question ...
by FiveK
Mon May 01, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) - should we do a traditional or Roth IRA?
Replies: 15
Views: 706

Re: Roth 401(k) - should we do a traditional or Roth IRA?

mari wrote:Would the old 401k sit there while we contribute to a new one?
Yes, this one.

Having some amount in Roth may be useful in the future, so don't be too hard on him. ;)
by FiveK
Mon May 01, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) - should we do a traditional or Roth IRA?
Replies: 15
Views: 706

Re: Roth 401(k) - should we do a traditional or Roth IRA?

Already at 28% tax bracket, aren't you already above the limit for both Roth and deductible Traditional IRA? Probably, but not necessarily. AGI of ~174K-$186K, using standard deduction, would allow both 28% bracket and full eligibility for a "front door" Roth. No possibility of a deductib...
by FiveK
Mon May 01, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) - should we do a traditional or Roth IRA?
Replies: 15
Views: 706

Re: Roth 401(k) - should we do a traditional or Roth IRA?

Tax Filing Status: MFJ Tax Rate: 28% Federal, 8.5% State At that income, you aren't eligible to deduct a tIRA so a Roth IRA is your best bet. Depending on where you are in the 28% bracket, you might need to do a Backdoor Roth IRA . Until you have guaranteed pensions of ~$100K/yr, or ~$4 million in ...
by FiveK
Sun Apr 30, 2017 10:26 pm
Forum: Investing - Theory, News & General
Topic: If all earnings were from long term investments
Replies: 17
Views: 780

Re: If all earnings were from long term investments

So someone that had only LTCG income would still eventually pay at least 15% or 20% on it depending on how much it was. In particular, the marginal rates for a couple under 65, MFJ with standard deduction, would be http://s16.postimg.org/juqjpgnn9/screenshot_99.png Based on Tools and calculators - ...
by FiveK
Sun Apr 30, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 944

Re: earned PIA calculated as higher than current max PIA?

So if I had 35 years of wages at the SS maximum from 1975-2010 I'm not sure that my PIA would be Using 1976-2010, and assuming a 1959 b'day: $2,824. the same as if I had 35 years of wages at SS maximum from 1980-2015 (I haven't experimented with AnyPIA or other calculators though). Using 1981-2015,...
by FiveK
Sun Apr 30, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 944

Re: earned PIA calculated as higher than current max PIA?

freebeer wrote:...there does seem to be a maximum PIA that AnyPIA will calculate for my age cohort at this time with zero future earnings and for this I get $2895.
Assuming no future "average wage" increases, that's the same number the wiki spreadsheet gives.
by FiveK
Sun Apr 30, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 944

Re: earned PIA calculated as higher than current max PIA?

But, unless I'm missing something, there is (even if you are below age 60, as I am) a maximum earned PIA that can be calculated that is independent of future wage increases, based on assumption of 35 maximum-wage years starting with the current year. There really isn't. It appears that you don't un...
by FiveK
Sun Apr 30, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security options for those born after 01/01/1954
Replies: 17
Views: 1469

Re: Social Security options for those born after 01/01/1954

The optimum strategy is for Spouse1 to delay as long as portfolio permits (at least FRA) and Spouse2 to file early to add to family cash flow to extend the delay. This is our situation, my spouse is low benefit so she will file early (in our case at age 63 because I intend to work through through h...
by FiveK
Sun Apr 30, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: Myopic Loss Aversion
Replies: 14
Views: 1396

Re: Myopic Loss Aversion

....we're talking about the genuinely irrational here. How can there be such a huge asymmetry between how losses and gains are viewed when you can simply....? The answer to the question in the second sentence is in the first sentence. ;) Just because something is irrational doesn't mean it isn't re...
by FiveK
Sun Apr 30, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: earned PIA calculated as higher than current max PIA?
Replies: 18
Views: 944

Re: earned PIA calculated as higher than current max PIA?

The 'SocialSecurity' tab in the Tools and calculators - Personal_finance_toolbox - Bogleheads spreadsheet matches the anypia results to the penny for our earnings history. Don't know how close it would be for everyone (and it specifically notes "For the best estimate of an individual's social s...
by FiveK
Fri Apr 28, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: 2nd Guessing Target Fund
Replies: 29
Views: 1483

Re: 2nd Guessing Target Fund

Forever Learning wrote:Hmmm.....not finding the ticker.

It might be one of a CIT-based target-date portfolio.
by FiveK
Fri Apr 28, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: 2nd Guessing Target Fund
Replies: 29
Views: 1483

Re: 2nd Guessing Target Fund

We have been content with the target fund (Fidelity) through my husband's 401k as we try to understand the backbone to investing. The expense ration: .41 per $1000, just today it hit me that we are paying almost $200 a month/over $2,000 a year to use a target fund. We may just be new to this whole ...
by FiveK
Fri Apr 28, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Not eligible for Roth IRA
Replies: 2
Views: 428

Re: Not eligible for Roth IRA

Que1999 wrote:...would I be able to change my contribution to a tIRA, and then use the backdoor method to change it back into a Roth?
Yes.

See IRA recharacterization - Bogleheads and Backdoor Roth IRA - Bogleheads.
by FiveK
Fri Apr 28, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about investing in my Roth 401 vs on my own
Replies: 13
Views: 463

Re: Questions about investing in my Roth 401 vs on my own

I make 130k right now so I cannot contribute to the ira. I was under the assumption that it was always better to contribute to a roth 401 as tax rates are at an all-time low and that I expect to make more in the future. I expect to be making $250k in a year or 2. To go back to my original question,...
by FiveK
Fri Apr 28, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for children (minors)
Replies: 1
Views: 236

Re: Roth IRA for children (minors)

See Roth IRA and Kids - Bogleheads.org (and many other threads on this topic) for previous discussions. Consensus seems to be that "chores done as part of getting an allowance" really don't count, but work for others (lawn mowing, babysitting, refereeing, etc.) does count. Where one crosse...
by FiveK
Fri Apr 28, 2017 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Slowly building my portfolio!
Replies: 4
Views: 619

Re: Slowly building my portfolio!

jb1 wrote:It's with MetLife. So your basic Russell 2000, international markets, midcap, MetLife total stock market.
Hmm....

With those nice, low cost, Vanguard funds...how much are you paying for the MetLife funds?
by FiveK
Thu Apr 27, 2017 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Slowly building my portfolio!
Replies: 4
Views: 619

Re: Slowly building my portfolio!

Checking it every day isn't terrible - it just takes time away from something else you could be doing instead. Reacting to daily changes (i.e., adjusting your asset allocation), however, would be bad. ;) Keep up the good work on regular investments! What does "set to Aggressive" mean (e.g....
by FiveK
Thu Apr 27, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: "I don't want to wait till I'm 59.5
Replies: 28
Views: 4341

Re: "I don't want to wait till I'm 59.5

Or whatever the applicable age is that I can access my various retirement accounts without penalty." This is one argument I have heard against maxing retirement accounts. Can someone please point me to some literature that I am sure will convince me that maxing retirement accounts first, etc. ...

Go to advanced search