Search found 3459 matches

by Lafder
Tue Jun 27, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Incorrect IRS notice, should I worry?
Replies: 13
Views: 1147

Re: Incorrect IRS notice, should I worry?

Since you have been the only people at the residence and it looked like an IRS letter, I would have opened it too :) I agree with sending it back to the IRS with an explanation, and keep a copy of it for yourself. I once received a legal notice (past due and eviction on a commercial lease) to my nam...
by Lafder
Mon Jun 26, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly Relative Reluctant to give POA
Replies: 30
Views: 2131

Re: Elderly Relative Reluctant to give POA

I agree, I have written "for deposit only to account number 123" and the checks were deposited without a problem.

It sounds like he is not understanding that he needs to pay his bills. A treatment guardian may be needed in addition to a Durable POA.

lafder
by Lafder
Mon Jun 26, 2017 8:19 am
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 29
Views: 2513

Re: Insurance snafu with sewer line break at condo

Was it "water" flowing out of the toilet bowl? Or was it sewage back up? Water to me sounds very different than a sewage back up. And if a sewage back up, wouldn't the lower drains such as a bathtub or shower be more effected? The time I had a sewage block, really disgusting stuff came out...
by Lafder
Sat Jun 10, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: First Financial Plan & Status Review - 30yo
Replies: 8
Views: 735

Re: First Financial Plan & Status Review - 30yo

Vanguard used to rec 20-40 % of stock be International. They now rec 40-50%. So 30% is not actually high according to that. Bogle and Buffett have said 0% International is fine. Some folks say 50% is best. I chose 30% based on Vanguard's old recs so I admit I am a bit biased due to my own holdings. ...
by Lafder
Fri Jun 09, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: HSBC Global Strategy Balanced Portfolio
Replies: 5
Views: 342

Re: HSBC Global Strategy Balanced Portfolio

From the description, it is an actively managed fund with 20 holdings and an ER of 0.19. I prefer Index funds :) It is hard to beat the diversity and simplicity of Vanguard's Life Strategy funds as a low cost way to own the entire market. What is drawing you to this fund? Which Life Strategy fund do...
by Lafder
Thu Jun 08, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Changing IRA to 3 fund - do I just do it all tonight?
Replies: 13
Views: 826

Re: Changing IRA to 3 fund - do I just do it all tonight?

This is a great example of why I prefer mutual funds to ETFs ! I most often have free time eves and weekends, and ETF orders need to be put in when the market is open. I find mutual funds much simpler as far as buy and sell orders. There are low cost index mutual funds that are the same cost at ETFs...
by Lafder
Thu Jun 08, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Help With Portfolio
Replies: 2
Views: 189

Re: Help With Portfolio

You sound like you have been very responsible and thoughtful with your finances. I agree moving your money out from under active management so you are not paying extra management fees is a wise choice. 0.75% of 600,000 each and every year is a lot to pay!! You can make a simple 3 fund portfolio or g...
by Lafder
Thu Jun 08, 2017 8:12 am
Forum: Investing - Help with Personal Investments
Topic: How to recover cost basis of Roth IRA?
Replies: 15
Views: 1203

Re: How to recover cost basis of Roth IRA?

I would really consider not buying a house using Roth funds as a down payment source. Roth's are special in that once money is put into them, you never have to pay tax on them again. That will be valuable down the road when the balance has grown. There are also no RMDs on Roths. How long would it ta...
by Lafder
Sun Jun 04, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor via Solo 401k
Replies: 14
Views: 863

Re: Backdoor via Solo 401k

Thank you both for that tip. I am surprised no one mentioned it after I complained so much :)
lafder
by Lafder
Sat Jun 03, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on 27 year old's portfolio
Replies: 8
Views: 873

Re: Advice on 27 year old's portfolio

Welcome here! You have a nice simple portfolio. The Target Date Retirement fund will rebalance for you. And you have an impressive nest egg, and annual contributions. I did not hit 100k til over 30 yo. My main concern is the high risk investments you have in your house fund. If you want to spend it ...
by Lafder
Sat Jun 03, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor via Solo 401k
Replies: 14
Views: 863

Re: Backdoor via Solo 401k

Yes a solo401k at Fidelity (but not at Vanguard) can accept rollovers from other pretax retirement accounts. You can doublecheck. There was no extra fee for my solo401k. I am not aware of a minimum self employment income to open or fund a solo401k. Even a few hundred dollars a year add up over time!...
by Lafder
Sun May 28, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover SEP-IRA Question
Replies: 5
Views: 420

Re: Rollover SEP-IRA Question

Can you roll your SEP to a Rollover IRA then roll that into the work 401k? That would make it a conduit IRA as I read it.

I believe I had to do that to consolidate our accounts.

lafder
by Lafder
Sun May 28, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: How are my investments?
Replies: 10
Views: 826

Re: How are my investments?

There is a general rec for at least 20% in bonds. They buffer drops more than they slow down gains. And they give you space to rebalance from in big stock market crashes. As far as % International, there are recs from 0-50% of stocks, even some recs for International bonds. So somewhere in there is ...
by Lafder
Sun May 28, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA but want to keep SEP-IRA
Replies: 16
Views: 1140

Re: Backdoor Roth IRA but want to keep SEP-IRA

Fidelity solo401k allows you to transfer a SEP into it. Unfortunately a Vanguard solo401k does not allow such a transfer. I was very reluctant to move the bulk of our savings to Fidelity since I have also been happy with Vanguard. However, there are 3 pluses for you if you open a solo401k at Fidelit...
by Lafder
Sun May 28, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover a SEP IRA that is preventing backdoor Roth by opening a new solo 401k
Replies: 3
Views: 342

Re: Rollover a SEP IRA that is preventing backdoor Roth by opening a new solo 401k

Would your megacorp take a rollover from a rollover IRA? Couldn't you move your SEP to a rollover IRA then move that into the current 401k? If it is just a few thousand dollars it might not make much difference. Could you move it to an IRA then convert to a Roth as another option if your current emp...
by Lafder
Sun May 28, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: A more modest inheritance
Replies: 16
Views: 2538

Re: A more modest inheritance

Take the time to post all of your holdings like this https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 so we can look at your entire portfolio. You might as well make the most of everything you have. We can not make recs for such a small %of your total portfolio without knowing what you ...
by Lafder
Sat May 27, 2017 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Stepped up basis of farmland
Replies: 9
Views: 731

Re: Stepped up basis of farmland

You are correct that if the land goes to your children as inheritance they get a cost basis of the time of death, so current market value they can sell it without capital gains taxes. Do not give it to them while you are alive, or your cost basis becomes theirs. If they inherit property with a payin...
by Lafder
Sat May 27, 2017 7:24 am
Forum: Investing - Help with Personal Investments
Topic: What Vanguard option for Roth, on top of my 403b?
Replies: 7
Views: 619

Re: What Vanguard option for Roth, on top of my 403b?

Both are funds of funds that rebalance for you to their promised AA if there are market shifts. The main/only difference is that over the years the Life Strategy Funds keep the same AA, and the Target Date Retirement funds increase the % bonds so that by the time they hit the target retirement date ...
by Lafder
Fri May 26, 2017 11:18 pm
Forum: Personal Consumer Issues
Topic: Should I fax or email bank info?
Replies: 18
Views: 1215

Re: Should I fax or email bank info?

As mentioned, every check and deposit slip unique to your account lists the bank routing number and your specific account number so it really is not very secure and private information. I would have emailed too if direct deposit was the only option.
lafder
by Lafder
Fri May 26, 2017 11:01 pm
Forum: Personal Consumer Issues
Topic: Septic Pumping - Did I get ripped off?
Replies: 45
Views: 3944

Re: Septic Pumping - Did I get ripped off?

The way a septic tank with drain field works is that the solid materials settle to the bottom and the liquids go out to the drain field which is often rows of PVC type pipes with small holes in them buried in gravel and covered with dirt. You need to periodically pump the tank or the solids accumula...
by Lafder
Fri May 26, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Refinance & Invest - Specific Scenario
Replies: 7
Views: 500

Re: Mortgage or Refinance & Invest - Specific Scenario

In eleven years when the mortgage is paid off, you can start investing the same amount as your current mortgage payment each month. I would do that rather than refi to a higher rate and longer term.

lafder
by Lafder
Wed May 24, 2017 7:46 am
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1221

Re: Contribution pre/post/Roth?

Is your side income eligible for a SEP or solo401k ? They may be worth looking into.
lafder
by Lafder
Tue May 23, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: I admit, I give up [need strategy for getting back in]
Replies: 33
Views: 5165

Re: I admit, I give up [need strategy for getting back in]

Considering your income, you have a VERY small amount of tax advantaged retirement savings. (140k retirement account savings, with an annual income of 500k per your post, and many years of work) You do have a nice total amount of savings including the million dollars in a taxable money market accoun...
by Lafder
Tue May 23, 2017 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1221

Re: Contribution pre/post/Roth?

Those are amazingly low expense ratios. Are you sure you are not a decimal point or even 2 decimal points off? Even so, wonderfully low cost. If you are only doing Roth contributions, you are missing out on making a larger contribution of pretax income, that you are not paying taxes on. By only doin...
by Lafder
Mon May 22, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: HELP -- Solo 401k vs SEP-IRA
Replies: 6
Views: 289

Re: HELP -- Solo 401k vs SEP-IRA

I have been reading more, I have a solo401k and used to have a SEP. Are you taking advantage of the catch- up provision that allows an extra 6000$ since you are over age 50? That can raise your total 401k contributions including employer and employee to 60k for 2017. Note it used to be 53k plus the ...
by Lafder
Mon May 22, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: HELP -- Solo 401k vs SEP-IRA
Replies: 6
Views: 289

Re: HELP -- Solo 401k vs SEP-IRA

My understanding is that the solo401k will always allow more to be put away pretax than a SEP, up to a certain income where they come out with the same max. Fidelity has a better solo401k than Vanguard, with lower fees and they allow you to move other retirement accounts into your solo401k. VG has h...
by Lafder
Sun May 21, 2017 11:47 pm
Forum: Personal Consumer Issues
Topic: Risks of electronic access
Replies: 57
Views: 4795

Re: Risks of electronic access

If you use mail and monthly statements, it could take an entire month to discover fraudulent account access. With online access you can check every day. As long as you do not give anyone your password, all financial institutions have some type of fraud protection if your account is accessed or scamm...
by Lafder
Sun May 21, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to pull the trigger. So how does this look?
Replies: 7
Views: 1033

Re: Ready to pull the trigger. So how does this look?

It is ok if each account does not have your desired AA. I have my ongoing contributions set to my desired AA. But if one category gets low I might change new investments to the low category rather than rebalance by selling and buying. And if you need to rebalance by buying and selling, you can do it...
by Lafder
Sun May 21, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to pull the trigger. So how does this look?
Replies: 7
Views: 1033

Re: Ready to pull the trigger. So how does this look?

Shamrock71,

To better see what you have and the proportion to each other, go back and edit your % so it is % of TOTAL holdings, not per account.

In general you have a low cost, simple and easy to manage portfolio.

80/20 is a bit aggressive for your age, but within reason.

lafder
by Lafder
Sat May 20, 2017 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Structuring- REVISED- Please review
Replies: 8
Views: 672

Re: Portfolio Structuring- REVISED- Please review

Yes I would like to see the detailed holdings, ERs, and cost basis. If you have any with losses they can be sold at the same time as some with gains. As you look at ERs, some will be more obvious to get rid of first due to expenses. It will help you get all of the info in one place which can form th...
by Lafder
Sat May 20, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Division of Assets A/B trust: am I entitled to see POD proof?
Replies: 26
Views: 2485

Re: Division of Assets A/B trust: am I entitled to see POD proof?

Is it possible the "POD" accounts you are talking about were jointly held accounts, that became your step dad's when your mom passed? That would make sense if the statement that they had no separate/individually owned assets is correct, and these accounts were not owned by the trust. It so...
by Lafder
Sat May 20, 2017 12:05 am
Forum: Investing - Help with Personal Investments
Topic: I'm having a freak-out moment (portfolio question)
Replies: 24
Views: 2547

Re: I'm having a freak-out moment (portfolio question)

What makes me freak out about your holdings is that you are 100% in stocks, and a focused number of individual stocks. I rec a minimum of 20% bonds. They buffer drops much more than they drag down gains, and they give you rebalancing space in a big stock market crash. Keep in mind a 50% drop in the ...
by Lafder
Fri May 19, 2017 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think about this asset allocation?
Replies: 12
Views: 1030

Re: What do you think about this asset allocation?

We were at 80/20 until our late 40's.

Age in bonds down to age- 20 is the usually discussed range here. It seems easier to remember than having to look at that table :)

Personally I prefer no less than 20% bonds at any age.

lafder
by Lafder
Fri May 19, 2017 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Structuring- REVISED- Please review
Replies: 8
Views: 672

Re: Portfolio Structuring Help (first post)

Welcome here! You will get more perspective and more feedback if you take the time to list the specific holdings and expense ratios, as well as extra management fees, instead of just the category of your holdings. Great job making your total % add to 100. It would also help you to list your cost bas...
by Lafder
Wed May 17, 2017 8:41 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 7296

Re: 100% VTSAX need advice

The majority of my stock holdings are in a US Stock Market Index. Bonds buffer drops much more than they drag down gains. There are years where bonds beat stocks. A 100% stock portfolio that drops 50%, must go up 100% to get back to where it started. Mix in some % bonds and the drop in total portfol...
by Lafder
Tue May 16, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Modest portfolio makeover - please help
Replies: 11
Views: 1448

Re: Modest portfolio makeover - please help

You have a nice simple plan. We were at 80/20 until our late 40's. Your choice of 25% of stocks being International may be lower than some of the Target Date retirement funds use. The simplicity of all in one funds that rebalance for you is hard to beat! Given the large % of total your 401k is, you ...
by Lafder
Tue May 16, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Advice for friend with great commission but no company benefits
Replies: 20
Views: 1273

Re: Advice for friend with great commission but no company benefits

The best way to get "advice" from multiple wise people including experts, is for your friend to open an account here and post her info in detail. For no charge she will get many perspectives that will allow more decisions on what is best. The benefits of starting looking for advice here is...
by Lafder
Tue May 16, 2017 7:28 am
Forum: Investing - Help with Personal Investments
Topic: AA revisited and Fund Placement?
Replies: 3
Views: 399

Re: AA revisited and Fund Placement?

Your proposed portfolios are like comparing apples to pretzels :) Can you take a step back and tell us what your desired AA is ? Stock: bond ratio ? And what % International you want? Your proposed portfolios vary from 0-50% bonds which tells me you have not made a decision yet :) If you can first d...
by Lafder
Sat May 13, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Please assess our financial situation; grateful for any advice :)
Replies: 18
Views: 2399

Re: Please assess our financial situation; grateful for any advice :)

To clarify a few things: "Desired Asset allocation: 90% stocks / 10% bonds (or should we follow the 3-fund theory?) Desired International allocation: 50%" A 3 fund portfolio is made up of US and International stocks, and bonds. So your statement of 90% stocks can be done with a 3 fnd portf...
by Lafder
Thu May 11, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: To DCA or not to DCA? And a question about cash
Replies: 15
Views: 985

Re: To DCA or not to DCA? And a question about cash

Has it always been cash, or did you recently liquidate other holdings? What is your desired AA? What are your other holdings? As in the specific holdings and ERs. This is a good time to take a deep look at everything. Are you likely to panic and go to cash in market drops? Do you have any debt to pa...
by Lafder
Thu May 11, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: What do I do with 2018 Roth IRA money today?
Replies: 13
Views: 1436

Re: What do I do with 2018 Roth IRA money today?

Are you maxing other available retirement accounts? Do you have an emergency fund? Do you have any debt that could be paid off?

I would probably just keep it in my savings account until after 1/1/18 if there was not a better way to use it to max retirement investments or pay off debt.

lafder
by Lafder
Thu May 11, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: international stocks poised to outperform US ???
Replies: 80
Views: 6206

Re: international stocks poised to outperform US ???

Vanguard used to rec 20-40% of stock holdings (not of portfolio) be International. Then they raised that rec to 30-50% as linked to in other posts. This is reflected in their all in one funds and advisor recs since then. They also added the rec that a % of bonds should be International. Bogle and Bu...
by Lafder
Thu May 11, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Current 401K rollover options?
Replies: 19
Views: 876

Re: Current 401K rollover options?

kay jay, You said you needed basic info, so let me try to help :) "retirement accounts" sometimes called "nontaxable" are accounts with special letters and or numbers that have special tax rules. Versus a "nonretirement" or "taxable account that does not have any s...
by Lafder
Fri Apr 21, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: How to Track Previous Portfolio Performance in Keeping Pace with the Market
Replies: 6
Views: 611

Re: How to Track Previous Portfolio Performance in Keeping Pace with the Market

lizzy10, Welcome here! I suggest you look for the fees you are paying on your accounts and holdings. They are going to drag down performance quite a bit and are a better measure of the expense you will be paying on your current holdings regardless of market performance. Consider posting all of your ...
by Lafder
Mon Apr 10, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: living trust vs will books
Replies: 4
Views: 559

Re: living trust vs will books

To be clear, it is not a trust vs a will. If you do a trust you also do a will. Though a much simpler will than if no trust. You can do a will without a trust. The estate attorney we saw also seemed to say that we did not need to think about a trust unless we had more assets than we did. And the wil...
by Lafder
Mon Apr 03, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Using inheritance money to pay down mortgage
Replies: 15
Views: 1223

Re: Using inheritance money to pay down mortgage

I would pay down the mortgage and hope to have the remaining balance paid off by retirement. If you invest in the market and the next big market drop is between now and retirement, I think you will feel bad. If you pay off 250k in mortgage balance, you reduce your debt by 250k no matter what the mar...
by Lafder
Sun Apr 02, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help here: 401K to Roth 401K Conversion
Replies: 7
Views: 719

Re: Help here: 401K to Roth 401K Conversion

The max contribution for Roth and non Roth 401k is 18k (24k if 50 or over). Using the 401k Roth option uses up your pretax space. If you can afford it, max the pretax 401k. Then do a regular Roth, or back door Roth if your income is too high for a regular Roth. The max for such a Roth is 5500$/year,...
by Lafder
Thu Mar 30, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: House buying- How to think about property taxes?
Replies: 39
Views: 3431

Re: House buying- How to think about property taxes?

Where I live, the current property taxes can have no relation to the taxes a new owner will pay since the property taxes end up being based on sales price. The existing taxes may be based on outdated appraisals especially if the home has not been sold for a long time. So be careful about whether you...
by Lafder
Wed Mar 22, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Purchasing a 2017 Hyundai Sonata Sport 2.0T
Replies: 16
Views: 1462

Re: Purchasing a 2017 Hyundai Sonata Sport 2.0T

We have a 2011 Sonata Hybrid we bought new and have been happy with it. There is a new seatbelt recall on our model which is unsettling. But we seem to get notice of recalls and they have been mostly minor. I have been impressed with the dealership, service, coverage. It is not the most solid car I ...
by Lafder
Wed Mar 22, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: What instrument to keep emergency fund in?
Replies: 16
Views: 989

Re: What instrument to keep emergency fund in?

Plain old almost no interest bearing checking account for me.

If you are concerned it is too little interest, consider a smaller emergency fund and put more into taxable investments.

Lafder

Go to advanced search