Search found 3557 matches

by Lafder
Sat Dec 16, 2017 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Trust for my kids (in the event of my death)
Replies: 11
Views: 848

Re: Trust for my kids (in the event of my death)

How old are your kids now? How large is the estate with the current total plus life insurance if both parents pass? Unless it is a very large estate and 3 percent more than covers even massive unexpected expenses of raising your kids to adults, I would not want to put a limit on the % that the guard...
by Lafder
Sat Dec 16, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: PLEASE HELP: Setting up new individual 401k
Replies: 13
Views: 517

Re: PLEASE HELP: Setting up new individual 401k

Set up the 401k accounts asap. You must have them opened before the end of this year. You have until your tax filing deadline to fund them. But you will miss 2017 if not set up in the next two weeks. Fidelity has lower cost funds than Vanguard for their solo 401k's since VG does not have Admiral sha...
by Lafder
Sat Dec 16, 2017 12:30 am
Forum: Investing - Help with Personal Investments
Topic: Moving Funds To Vanguard: ETF or MF
Replies: 7
Views: 896

Re: Moving Funds To Vanguard: ETF or MF

The simplicity of a 3 fund low cost portfolio is hard to beat! Questions 1. Should I use a Vanguard money market fund for our emergency fund or use a bank like ING? ((I think either is fine. I use my local checking account. How many months of expenses is your emergency fund?)) 2. Does a three fund p...
by Lafder
Sun Dec 03, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Moving inheritance taxable account to retirement accounts?
Replies: 21
Views: 1584

Re: Moving inheritance taxable account to retirement accounts?

Yes you can put more aside pretax in a 401k than a SEP, since in a 401k you get to contribute the employer and employee portions to yourself! Once you have money, it is yours. Meaning the inheritance and income can be mixed together and you can take any of it to fund your retirement account. Another...
by Lafder
Sun Nov 26, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Ignorant and confused about Social Security survivor benefits
Replies: 8
Views: 671

Re: Ignorant and confused about Social Security survivor benefits

I thought a widow or widower gets the higher of: their own benefit, or their spouse's benefit, not both. And not more than the higher of the two. There may be some tricky calculation of getting a % of their own plus spouse. This is a huge drop in income for some. I just went and read some social sec...
by Lafder
Sat Nov 25, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Billed by Spectrum. Don't have account.
Replies: 7
Views: 1262

Re: Billed by Spectrum. Don't have account.

The email can link you to a phony spectrum site and get credit card or bank info.

If you have not had service from Spectrum, how can it be real bill ?

lafder
by Lafder
Fri Nov 24, 2017 10:53 pm
Forum: Personal Consumer Issues
Topic: Car on last legs - need advice on transferring tag ...
Replies: 20
Views: 1010

Re: Car on last legs - need advice on transferring tag ...

Trade the car in, and you can have the dealer transfer the license plate to the new car. And it gives you a little more down payment. Why complicate things by leaving the car with a mechanic who may or may not find a buyer, who may or may not pay more than the dealer will give you. I would just trad...
by Lafder
Wed Nov 22, 2017 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Check my portfolio
Replies: 14
Views: 1423

Re: Check my portfolio

KISS. No need to have so many funds. Total stock market index Total International Stock Market Index Total Bond index are the only 3 you need. Read this for more detail on why: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=88005 :) Your combo is better than many we see presented here. It is ...
by Lafder
Sun Nov 12, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: 9-5 and a Side Hustle that's growing
Replies: 10
Views: 2274

Re: 9-5 and a Side Hustle that's growing

Solo401k allows more contribution for the same income since you contribute as employer and employee with a solo401k, not with a SEP. It is not that much more paperwork to set up. You must not have any non spouse employees. Fidelity is better than Vanguard for a solo 401k due to lower ERs and allowin...
by Lafder
Sun Nov 12, 2017 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Where to start investing?
Replies: 15
Views: 905

Re: Where to start investing?

I find mutual funds much easier to work with than ETFs since you just have to deal with $ amounts and not shares or share prices. Some folks do prefer ETFs. In addition to the great reading/links already provided, I find the simple wisdom of a 3 fund portfolio hard to beat. This is a long read, but ...
by Lafder
Tue Nov 07, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Give me assurance
Replies: 14
Views: 1849

Re: Give me assurance

You have a nice and simple US stock and bond portfolio, with a small cap tilt, yes. Overall stock to bond is 80/20. Since you wanted to lose International, you have achieved it. My suggestion for you is to put your plans in writing, perhaps in your post here to remind yourself! And perhaps on a post...
by Lafder
Sat Nov 04, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 93
Views: 8547

Re: Should I decline Grand Prize trip because of taxes on winnings?

Hmmm. I also won a golf trip that was the grand prize in a charity raffle worth 1500$. The second prize was an actual 1000$ furniture store gift certificate. I called the place my prize was an all paid 3 day stay at and looked online. The nicest rooms were under 200$ a night. Calculating meals and t...
by Lafder
Sat Nov 04, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: [SEP IRA or Individual 401k?]
Replies: 6
Views: 482

Re: [SEP IRA or Individual 401k?]

Yes the max contribution is higher with a solo 401k than for a SEP with the same income. Yes 401k does not effect the Roth Pro rata rule that the IRA balance is required to be 0 by 12/31, but a SEP IRA does. Note that Fidelity has lower fee funds in their solo401k than Vanguard does, and Fidelity al...
by Lafder
Sat Nov 04, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 10
Views: 1310

Re: Portfolio Review

Nice simplification!
lafder
by Lafder
Sat Oct 28, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Accounts in a mess -- re-allocation help would be appreciated!
Replies: 8
Views: 1187

Re: Accounts in a mess -- re-allocation help would be appreciated!

For starters, what is your overall asset allocations of stocks/bonds, and how much of your holdings are International? What would you like your asset allocation to be? If there is a difference between the above, we can help sort out what to change to reach your desired AA in the most tax advantaged ...
by Lafder
Sat Oct 28, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing funds for decision
Replies: 14
Views: 918

Re: Comparing funds for decision

Wellesley has been doing better than a pure bond index since it is almost 40% stocks :)

Most years, but NOT all, stocks will outperform bonds.

lafder
by Lafder
Tue Oct 24, 2017 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Simple Rules to Allocate (Relatively) High NW Portfolio?
Replies: 4
Views: 838

Re: Simple Rules to Allocate (Relatively) High NW Portfolio?

((Welcome here and congrats on your financial success! You are young and can do almost anything you want with your future and fund it with your current holdings as long as you are not extravagant!)) Summary Total Net Worth: 7.25M (( Wow, nice big nest egg. Question, was this a recent windfall, or ha...
by Lafder
Tue Oct 24, 2017 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 3486

Re: Portfolio Review Request - ReadyInvestor

1. I cut the REIT out for now. I like real estate, but I want to understand it better before I move on. Thx. ((KISS, nice. You do have some REIT in total stock market :))) 2. Taxable Account Cash to TSP - I increased my contributions today to nearly max my TSP by year end. Thanks for getting me over...
by Lafder
Tue Oct 24, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for a Trust- need family and investing advice
Replies: 10
Views: 733

Re: Investing for a Trust- need family and investing advice

KISS Vanguard Life Strategy Growth, or Moderate Growth. These are all in one funds that rebalance for you and do not take any management. There are more conservative options too. Since there are taxes, Tax Managed Balanced or Tax Managed Capital Appreciation are other considerations. All in one fund...
by Lafder
Tue Oct 24, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Market Timing and Investing Advice
Replies: 10
Views: 1139

Re: Market Timing and Investing Advice

Welcome here! You can get a more complete answer if you tell us more about yourself. How much of your total portfolio does this 100k represent? If it goes down in value in the next 3-4 years do you have other money that could be used for the purpose you want this money for? People are reacting to yo...
by Lafder
Mon Oct 23, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Investing. [15 years old]
Replies: 14
Views: 936

Re: Investing. [15 years old]

Congrats on your savings! Impressive at your age ! I would want to put the money into either a total stock market index fund, or an all in one fund such as a Vanguard Life Strategy growth fund or an all in one Target Date Retirement fund with a far away retirement date. The latter two types of funds...
by Lafder
Mon Oct 23, 2017 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio Advise
Replies: 12
Views: 1032

Re: Vanguard Portfolio Advise

You have done a great job of saving money and getting money investing. You just need to work on simplifying your investment holdings, and getting some more of that cash to work for you. The first job I had with a 401k, I did not know what to choose, so I checked off every box of about 20 options. Th...
by Lafder
Sun Oct 22, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 3486

Re: Portfolio Review Request - ReadyInvestor

Desired Asset allocation: 70% stocks / 30% bonds Desired International allocation: 20% of portfolio or 14% of stocks. 5% REIT. ((Your number above is funky. 20% of Portfolio would be 28.5% of your stocks. This is a reasonable number. Note REIT is usually counted as part of your stock portion, Some t...
by Lafder
Sun Oct 22, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: Wife New Car Recommendations - SUV
Replies: 55
Views: 5262

Re: Wife New Car Recommendations - SUV

I was also car shopping a year ago and narrowed it down to Subaru Forrester Mazda Cx5 Toyota RAV4 We have had Toyotas and Subarus. I think the CRV should be considered, it just did not make my top 3. Same with the Hyundais. I did look, but the price point with all the features was close and I did no...
by Lafder
Fri Oct 20, 2017 11:13 am
Forum: Investing - Theory, News & General
Topic: 401k "only" up 13.5% YTD
Replies: 26
Views: 2779

Re: 401k "only" up 13.5% YTD

What was /is the asset allocation for the target date fund vs your current holdings? I am guessing you increased your bond holdings by going to the individual funds you control. A few % points don't make that much difference for this year. The real difference is how much less your accounts will drop...
by Lafder
Fri Oct 20, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: Regular Taxable Accounts vs Tax-Advantaged
Replies: 35
Views: 4297

Re: Regular Taxable Accounts vs Tax-Advantaged

Ideally you could max out tax advantaged retirement accounts PLUS have taxable investments !! Yes retirement accounts (special letter and number alphabet soup accounts) have extra rules and restrictions. They are not that hard to figure out. Ideally you put money in and don't take it out til you nee...
by Lafder
Fri Oct 20, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: Pulling some profits
Replies: 13
Views: 2040

Re: Pulling some profits

We did question the fees you are paying at EJ back when you posted before.

As you get older, it makes sense to shift to a higher % bonds. I have been thinking of doing the same myself.

You might want to consider posting all of your current holdings for a deeper look now.

lafder
by Lafder
Fri Oct 20, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Gifting taxable account with large capital gains to college children
Replies: 11
Views: 804

Re: Gifting taxable account with large capital gains to college children

Since the money is at Wells Fargo, you will pay a lot in fees if you leave it there forever if it is investments, if savings or money market it is low interest. So yes you should look at moving the holdings or selling and moving to a lower cost holding such as at Vanguard immediately and pay the cap...
by Lafder
Thu Oct 19, 2017 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with Trust
Replies: 8
Views: 537

Re: Need help with Trust

If it is appropriate to get this information, I would want a list of the current investment specifics. Is it stocks, mutual funds, bonds, other ? What are the expense ratios of the holdings, and what management fees are being paid? If you can post it we can talk through it more. I am sorry your rela...
by Lafder
Thu Oct 19, 2017 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Need Some Advice [changing advisors]
Replies: 22
Views: 1618

Re: Need Some Advice [changing advisors]

Yodi2, As long as you have the patience to read posts here, you do not need to read a whole book ! :) You do not have to deal with your advisor. You can decide where you want to move your money, and they can pull it from EJ. Both Vanguard and Fidelity have low cost fund options. Both have higher cos...
by Lafder
Wed Oct 04, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage instead of bond investment
Replies: 28
Views: 2324

Re: Pay off mortgage instead of bond investment

Another vote to pay it off !

Then you can start investing, or saving the equivalent of the mortgage payments each month.

You have enough money that you have a lot of options.

I would be considering retiring now with those assets. But if you like your job, do it as long as you can :)

lafder
by Lafder
Wed Oct 04, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning from Pension job to private practice
Replies: 6
Views: 613

Re: Transitioning from Pension job to private practice

70/30 seems reasonable. We are average age 51 and we are aiming for 65/35 after years of 80/20. 20% International is a bit low from Vanguard's recs of 30-50% of stocks. But within the range rec here of 0-50% Life is too short to be stuck in a job you are burned out on. It could be that a year of pri...
by Lafder
Sun Oct 01, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Proposing a standard for asset allocation notation: 60+15/25
Replies: 12
Views: 1371

Re: Proposing a standard for asset allocation notation: 60+15/25

An issue I see is that we usually talk about % of stocks International, not % of portfolio. Yes it needs to be converted to % of total for rebalancing and asset allocation calculations. So you are really saying 75% stock/25% bond, and 20% of stocks are International. (I like to say it this way 75/25...
by Lafder
Sun Oct 01, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: New 100K portfolio - which bonds?
Replies: 6
Views: 1135

Re: New 100K portfolio - which bonds?

I am seeing some redundancy in your holdings, perhaps by choice ? https://www.bogleheads.org/wiki/Approximating_total_stock_market Total stock market fund = Large cap/SP 500 + mid cap + small cap Extended Market = Mid and small cap So if you hold total stock market you already hold large, mid, and s...
by Lafder
Sun Oct 01, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Suggestions for 22 year old daughter's portfolio?
Replies: 29
Views: 2334

Re: Suggestions for 22 year old daughter's portfolio?

VTWIX is an all in one world stock fund with over 50% US stocks, and under 50% International stocks. If she is ok with that higher percent of International, this fund plus a total bond fund are all she needs. Vanguard is rec 30-50% of one's stock holdings be International, and are using that range o...
by Lafder
Sun Oct 01, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Want a mega-backdoor Roth for self employed income
Replies: 5
Views: 576

Re: Want a mega-backdoor Roth for self employed income

I haven't found a self employed mega back door Roth. If you find one, with low fees, I want to know too so I can use it ! I am using Fidelity for my solo401k = self employed 401k = Keogh as they call it on their documents. There is no mega backdoor option I have found. Fidelity had better solo 401k ...
by Lafder
Sun Oct 01, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 3486

Re: Portfolio Review Request - ReadyInvestor

I agree I would max contributions to TSP for the rest of the year, even if it meant needing to pull $ from taxable savings to cover living expenses. I like to max tax advantaged space and you were making changes in your holdings anyway :)
lafder
by Lafder
Sat Sep 30, 2017 5:58 pm
Forum: Personal Consumer Issues
Topic: I bought a car without thinking too much about value
Replies: 45
Views: 4278

Re: I bought a car without thinking too much about value

Don't worry about the warranty. If you don't need it down the road, you won't miss the small amount of money spent years before. If you do need it.............you will be glad. We did not buy the extended warranty on our Prius, so far so good. But we did buy it on our next hybrid that was a first ye...
by Lafder
Thu Sep 28, 2017 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: What should I do ( temporarily) with a lot of cash
Replies: 3
Views: 432

Re: What should I do ( temporarily) with a lot of cash

I might KISS and keep it in my usual bank account. But with the FDIC limits, you might need to open a separate account to be insured. Probably paranoia on my part, but you never know. A few weeks time is short enough to put it in a regular account and forget about it. The other thing I would conside...
by Lafder
Thu Sep 28, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 3486

Re: Portfolio Review Request - ReadyInvestor

If you are sure you want to leave Schwab, call VG or Fidelity and tell them you want to move funds to them and they can "pull" the funds to them so you do not even need to speak with your current advisor or let them know your plans. There may be some fees, but sometimes they can be waived to get the...
by Lafder
Thu Sep 28, 2017 8:19 am
Forum: Investing - Help with Personal Investments
Topic: We need help! Individual stock portfolio getting out of hand.
Replies: 23
Views: 2044

Re: We need help! Individual stock portfolio getting out of hand.

Don't waste your time trying to make a mutual fund. Spend times doing what you enjoy and let the markets do the "work" of investing for you. I spend much more time reading on this site than touching my investments. I find the simple elegance of a three or four fund portfolio quite convincing. Read t...
by Lafder
Wed Sep 27, 2017 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 3486

Re: Portfolio Review Request - ReadyInvestor

Is the bulk of your current $ that you have control of at Schwab now? What is your arrangement with the broker/planner ? Are you paying them a set annual fee ? I have an "advisor" at Fidelity, but he has no access to my accounts and makes no changes on them. He contacts me and asks if he can help. B...
by Lafder
Wed Sep 27, 2017 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Double checking capital gains taxes due on home sale if a rental or not
Replies: 7
Views: 969

Re: Double checking capital gains taxes due on home sale if a rental or not

Thank you all. That is very helpful! I understand it more. I forgot our income the year we sell could make a difference too. I also did not know the basis for sale was the actual basis. I thought it converted to the depreciated basis. All so interesting. Yes I have an accountant who does my taxes. I...
by Lafder
Mon Sep 25, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Double checking capital gains taxes due on home sale if a rental or not
Replies: 7
Views: 969

Re: Double checking capital gains taxes due on home sale if a rental or not

The articles are helpful, but I am still not clear :shock: Home was primary residence over 10 years. Converted to a rental 2013. Cost basis assume 500k at time placed as a rental. Depreciation has been taken as a rental. At about 18,000 per year (500k divided by 27.5 ). So after 5 years, cost basis ...
by Lafder
Mon Sep 25, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Coworker asked me about a adviser
Replies: 24
Views: 3440

Re: Coworker asked me about a adviser

I tell people the best place I have found for financial advice is bogleheads.org

I would mention it the next time you see the coworker. I am biased since I think this is a better place for advice than any financial advisor for most situations. Do you use the financial advisor you rec ?

lafder
by Lafder
Mon Sep 25, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Double checking capital gains taxes due on home sale if a rental or not
Replies: 7
Views: 969

Double checking capital gains taxes due on home sale if a rental or not

I am trying to get my head around the tax differences if I live in a former rental for 2 years before selling it or not. There are moving and hassle costs to moving back in. But for some $ amount it becomes worth it. I have been telling myself that the appreciation of the property makes up for the e...
by Lafder
Sat Sep 23, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Is it a good time to buy Apple Stock on 9/23?
Replies: 18
Views: 2035

Re: Is it a good time to buy Apple Stock on 9/23?

Why not take your 100k and buy VTSAX , Vanguard Total Stock Market Index Admiral Shares ? The expense ratio is 0.04% per year. And Apple stock is the largest stock % it owns as of now. So you get a big chunk of Apple stock. Plus, you are also buying the diversity of 3606 OTHER stock holdings so your...
by Lafder
Sat Sep 23, 2017 11:21 am
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 5655

Re: $3.6 million at age 25 - need investment advice

+1 to a three fund portfolio Figure out what amount of cash you need in an emergency fund and keep that in a simple bank account. There are recs for 3-6 months of expenses though some folks go higher. Invest the rest. Do you have a will? Max your retirement accounts at work. Even if it means no or a...
by Lafder
Sat Sep 23, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 3486

Re: Portfolio Review Request - ReadyInvestor

Emergency funds: Paying car debt so we have a $2000 EF right now en route to $24k (3mos expenses). Debt: $8700 car debt (2%), 330,000 mortgage (3.5% fixed) ((I have a car loan too. I will be glad when it is paid off.)) Tax Filing Status: Married Filing Jointly w/ 2 kids Tax Rate: 15% Federal in 2016...
by Lafder
Thu Sep 21, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 3486

Re: Portfolio Review Request - ReadyInvestor

Great job converting to % of total.

It really lets you see how tiny and insignificant the smaller holdings are which will make it easier to make changes :)

I will take a deeper look when I can. We can help you simplify for sure.

lafder