Search found 3701 matches

by Lafder
Sat May 19, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 5650

Re: What’s your phone/internet bill?

Phone Tmobile 140/month 4 lines unlimited text and data. Data slows down after 4G or something like that. Our internet/cable is 90$ for high speed internet plus limited HD channels. We miss a lot of channels I like such as HGTV, but have HBO We could have a free "landline" with our cable package, bu...
by Lafder
Tue May 15, 2018 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 4901

Re: Large Personal Injury Settlement

Welcome here and I am sorry for your accident! These posts are publicly searchable. I would go back and edit out your state or change it, make your age more vague such as early 20's, and take out the specific nature of your injury or change it :). Otherwise some snoopy person might play with some go...
by Lafder
Tue May 15, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Small gift from Grandma to infant - where to put it?
Replies: 21
Views: 1943

Re: Small gift from Grandma to infant - where to put it?

I would personally open an account at Fidelity and buy 1000$ of Disney stock with dividends set to reinvest in your own, and your spouse's names with the knowledge that is a gift from grandma for your child's benefit. I did not personally mess with accounts in my kids names. This is of course a pote...
by Lafder
Tue May 15, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Three fund portfolio performance
Replies: 31
Views: 3948

Re: Three fund portfolio performance

Sonic, Can you post the specifics of how much money you put into each account and when? And of any expenses you have with your holdings? And your current balances? With the 3 holdings you describe at the asset allocation you describe, I am not seeing a negative return or loss if I look up returns in...
by Lafder
Tue May 15, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: In-kind/liquidation transfer to VG from Managed account
Replies: 6
Views: 353

Re: In-kind/liquidation transfer to VG from Managed account

Do you have a solid plan for what you want to do with the money once you move it? You just made major changes to your holdings 4 months ago, and now you are making changes again. Are you sure you won't want to make another change 4 months from now? I agree with you that the management fees are not w...
by Lafder
Sat May 12, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Help with planning
Replies: 9
Views: 631

Re: Help with planning

Yes I would max pretax 401k's and yes I would do back door Roths. You and your spouse can do back door Roths of 6500 each. But, you need to not have IRAs or it messes up the taxes owed due to a pro rata rule. You would need to roll existing IRAs (including rollover IRAs) into your 401k's. You are al...
by Lafder
Sat May 12, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: First Post - On my feet?
Replies: 16
Views: 2222

Re: First Post - On my feet?

Welcome here! Change all of your % to % of the total portfolio, not per account and it will be much easier to see what you have in each category and rebalance. You do not need to recreate your total asset allocation in each account. It is ok to have less holdings in the smaller accounts for simplici...
by Lafder
Sun Apr 29, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k vs. SEP-IRA
Replies: 7
Views: 469

Re: Solo 401k vs. SEP-IRA

solo401k is a little more paperwork to set up. But it allows more money to be put away pretax for the same income since you get to contribute as employer and employee. The max contribution is the same for a solo401k or SEP IRA so at your income level you may be able to max either. However, as mentio...
by Lafder
Wed Apr 25, 2018 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help with modest inheritance
Replies: 7
Views: 939

Re: Help with modest inheritance

Paying down the mortgage that much even without a recast would make a huge difference in how fast your house is payed off with the exact same payments you are making now. Maybe seeing how far ahead on payoff it gets you will be better than boring :)
lafder
by Lafder
Mon Apr 16, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Help with Personal Investments, thanks for LOOKING!
Replies: 14
Views: 2018

Re: Help with Personal Investments, thanks for LOOKING!

Go back and edit your post so each holding is % of total portfolio, not per account. This will allow you to more easily see the relative size of each holding to the other. Which will make it much easier to calculate your overall asset allocation and know what to change where to be at an asset alloca...
by Lafder
Sun Apr 08, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: 36 yr old BH Newbie with substantial savings- Help!!!
Replies: 66
Views: 8581

Re: 36 yr old BH Newbie with substantial savings- Help!!!

I would consider paying off your home and loan. You still have a big chunk to invest and it increases your monthly income you can invest and trickle into the market. At your age we were at 80/20, 30% International stocks. Though the recs for International stocks has gone up a bit since then to 30-50...
by Lafder
Fri Mar 30, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Checklist for Parents of Incoming Freshmen/To-Be Adult
Replies: 67
Views: 4141

Re: Checklist for Parents of Incoming Freshmen/To-Be Adult

You do not build any credit being an authorized user on someone else's credit card. When I tried to help my daughter get her first credit card the summer before college, only the bank she already had an account and debit card at was willing to give her one. It was even advertised as a "college credi...
by Lafder
Fri Mar 30, 2018 11:26 am
Forum: Investing - Help with Personal Investments
Topic: HELOC funds for improvements to an investment property: tax rule question
Replies: 10
Views: 727

Re: HELOC funds for improvements to an investment property: tax rule question

My accountant said the interest I pay on a HELOC I have on a rental is eligible to be counted as an expense against the rental income. My understanding is that a HELOC on a primary residence, the interest can not be deducted/used as an expense, whatever you used the $ for. I would find a way to have...
by Lafder
Sun Mar 25, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Need quick IRA transfer advice
Replies: 24
Views: 840

Re: Need quick IRA transfer advice

Today may be a good day to talk about what you are going to do with the money in the CD when it has matured. You are mentioning moving from one bank to another. But banks are notorious for high fees. Are you keeping all of your IRA money in CDs ? If you are only comfortable with FDIC insurance and t...
by Lafder
Sat Mar 24, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle overcontributing to Solo 401K?
Replies: 26
Views: 2725

Re: How to handle overcontributing to Solo 401K?

I thought that employer and employee contributions can be made until the tax filing deadline for a solo401k? They must be set up in the tax year, but once established you have the extra time in the next year and you can wait to see what your tax return tells you is the max contribution. I routinely ...
by Lafder
Sat Mar 24, 2018 10:33 am
Forum: Investing - Help with Personal Investments
Topic: How can I start investing when equities and real estate are this much high?
Replies: 65
Views: 7955

Re: How can I start investing when equities and real estate are this much high?

Welcome here! Since you have been sitting out of the market in cash for a number of years now, I can see why you are worried about putting it back into the market since there is a chance there will be a significant drop the day after you invest, or the week or month or year after. That chance of a d...
by Lafder
Mon Mar 12, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: transferring SEP IRA to vanguard solo 401k via fidelity
Replies: 49
Views: 3192

Re: transferring SEP IRA to vanguard solo 401k via fidelity

Congratulations that you have self employment income. In general a solo401k allows you to contribute more pretax than a SEP because you get to contribute as the employee AND as the employer. So for the same income, you can contribute more to the solo401k. Both allow you to make contributions for the...
by Lafder
Mon Mar 12, 2018 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Megabackdoor Roth to 401k (not IRA)
Replies: 5
Views: 490

Re: Megabackdoor Roth to 401k (not IRA)

It depends on your plan rules, whether you can roll your post tax contributions into your 401k Roth. But if you can, why ? Generally a mega back door Roth is rolling post tax 401k contributions to a Roth outside of the plan that you have control over. There is little advantage I can think of to roll...
by Lafder
Sun Mar 11, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?
Replies: 15
Views: 1718

Re: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?

Condolences! You are doing exactly what I have told my husband to do if anything happens to me, post on bogleheads and follow their advice.........so it makes me sad for you to see you are in that exact position after losing your husband. He was a wise man. Consider taking the time to post all holdi...
by Lafder
Sun Mar 11, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Does this make sense?
Replies: 3
Views: 465

Re: Does this make sense?

It depends on what the rest of your holdings are.

Do you have taxable holdings you can pull from before this Roth?

CDs are likely FDIC insured and have a guaranteed return. Is there a penalty if you pull the money out early?

Bonds are not guaranteed or insured.

lafder
by Lafder
Sat Mar 10, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: I need to sell some stock now for a looming expense, right?
Replies: 28
Views: 2932

Re: I need to sell some stock now for a looming expense, right?

Double check there is no extra fee for a payment plan. It is to the school's advantage to be paid up front, so they often add fees to encourage payment in full. There were also extra charges for tuition "insurance". I tended to pay in full since the fees for installments was more than I wanted to pa...
by Lafder
Sat Mar 10, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Simple (I hope) tax question re: the QBI 20% deduction
Replies: 2
Views: 267

Re: Simple (I hope) tax question re: the QBI 20% deduction

Is she doing solo401k or SEP for pretax retirement account contributions?

That is another way to save on taxes.

lafder
by Lafder
Thu Mar 08, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 10777

Re: Ok fellow bogleheads, was the correction scary or nothing?

It was scary for me. Not terrifying, but unsettling and concerning indeed! Definitely not nothing. It made me look at financial news which I usually avoid. At the same time, I hoped it would be an opportunity to rebalance. Unfortunately, my AA had gotten a little stock heavy due to market performanc...
by Lafder
Thu Mar 08, 2018 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Escrow contract in New Mexico
Replies: 3
Views: 312

Re: Escrow contract in New Mexico

brighteyedtrish, Welcome here! Can you give more details? What was the original balance on the loan? What were the monthly payments supposed to be? Was it a real estate contract? That was my prior experience of when I made the payments to an escrow company. What do you mean you signed onto the escro...
by Lafder
Sun Mar 04, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Investment help for 47 year old MD
Replies: 34
Views: 2689

Re: Investment help for 47 year old MD

Welcome here! Do you have an emergency fund? How many months of expenses is it? Are you maximizing your available retirement account space? What about back door Roth? 60/20/20 is a bit aggressive for your age. There is a rec of minimum bonds of age-20 You clearly need to slow down and think through ...
by Lafder
Sun Mar 04, 2018 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Setup
Replies: 13
Views: 1014

Re: Tax Loss Harvesting Setup

Mutual fund transactions can be set up at any time of day. But the price is determined at the next market close. I believe Vanguard's ETFs are the same fees as Admiral shares of the equivalent mutual funds. I find ETFs much trickier to buy and sell, and I also tend to have access to deal with my acc...
by Lafder
Sun Mar 04, 2018 1:49 am
Forum: Investing - Help with Personal Investments
Topic: Low risk tax efficient short term investment - is it Wellesley
Replies: 13
Views: 1171

Re: Low risk tax efficient short term investment - is it Wellesley

Wellesley is 60% bonds, and that helps buffer drops in stock market crashes.

Wellesley pays a lot of dividends so it is not tax efficient if you are looking to minimize taxes.

Lower risk would be:cash, bonds, money market, CDs.

lafder
by Lafder
Sat Mar 03, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Life Strategy Funds: Tax hit
Replies: 6
Views: 1211

Re: Life Strategy Funds: Tax hit

Just remember if you have to pay tax, it is because you made money! Life Strategy funds are convenient all in one funds with low fees . If you hold the individual funds you can have a higher % bonds in retirement accounts, and lower tax generating options in your taxable accounts. Overall, boglehead...
by Lafder
Sat Mar 03, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: SEP, Roth, and traditional OH MY
Replies: 5
Views: 215

Re: SEP, Roth, and traditional OH MY

As far as I know, there is no limit to a Roth conversion, but you pay income tax on the conversion amount. And if it is a large amount it can raise your tax bracket that year. This is why some people do Roth conversions after retirement when they are in a lower income tax bracket. You are limited to...
by Lafder
Sat Mar 03, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio help: Financially conservative couple looking for suggestions
Replies: 29
Views: 2482

Re: Portfolio help: Financially conservative couple looking for suggestions

Have you considered paying off your mortgage? That is a guaranteed return of the interest rate. Then you can trickle the equivalent of the mortgage payments into the market each month. Paying yourself by paying off your own debt is a conservative move in my mind. It decreases your monthly expenses a...
by Lafder
Sat Mar 03, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Please evaluate portfolio
Replies: 8
Views: 514

Re: Please evaluate portfolio

Please go back and edit to change your % to add up to 100% for all accounts. It will make a big difference in seeing the relative size of your holdings , and allow you to add up the percents between accounts to get your actual asset allocation so you can see how much to change when rebalancing to hi...
by Lafder
Sat Mar 03, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: What to do with Roth after compensation limit?
Replies: 15
Views: 1316

Re: What to do with Roth after compensation limit?

car733, The point of a Roth to me is to leave the money there to grow over many years so you can take the money out tax free in retirement. There is a tax advantage to a Roth versus having the money invested in a taxable account. Will you have to pay a penalty for taking the money out? Even if your ...
by Lafder
Sat Mar 03, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: In a 2 bucket strategy what investments in Bucket 1?
Replies: 6
Views: 905

Re: In a 2 bucket strategy what investments in Bucket 1?

ydoc21, Welcome here! A 2 bucket strategy is not common strategy or terminology around here :) Take the time to post your holdings like this and we can talk through what you have and see if it is what you want. You can go back and edit your first post to include the info, just add "updated" or chang...
by Lafder
Wed Feb 28, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: how to draw down taxable retirement acct...?
Replies: 20
Views: 1599

Re: how to draw down taxable retirement acct...?

Did you really mean that 100% of your savings are not in retirement accounts that are tax advantaged?

If you are working another 15 years, why not add some retirement accounts.

They will help you have more money by the time retirement comes.

lafder
by Lafder
Wed Feb 28, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Starting from scratch, again
Replies: 5
Views: 1605

Re: Starting from scratch, again

Your taxable holdings could result in capital gains taxes due if you change the holdings. Are they cash or invested now? If invested, what? Since it may be worth keeping it that way. If cash.........you are free to set up your portfolio as you wish. Have you seen this? https://www.bogleheads.org/wik...
by Lafder
Wed Feb 28, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: how to draw down taxable retirement acct...?
Replies: 20
Views: 1599

Re: how to draw down taxable retirement acct...?

Take a chance and post everything. It really gives a more full picture! Where you withdraw from will depend on what is there when you need money. Are you 100% comfortable with what the holdings are? Since to me, the holdings for the next 15 years is a more major concern than where to draw from in th...
by Lafder
Tue Feb 27, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: 2018 Strategy & Backdoor Roth Question
Replies: 11
Views: 755

Re: 2018 Strategy & Backdoor Roth Question

You could simplify your accounts by rolling your SEP into your solo401k, and that way if your income goes above an allowable Roth contribution, you will still be able to do a back door Roth without a pro rata issue. I have a solo401k and it was not easy to find one that allowed a mega back door Roth...
by Lafder
Mon Feb 26, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: How long would a 09' Hyundai Sonata last?
Replies: 13
Views: 1205

Re: How long would a 09' Hyundai Sonata last?

June 3, 2024 ! I am just guesstimating 15 years. It all depends. You could have an accident or catastrophic failure tomorrow that totals the car. At some point, it will need a repair that doesn't feel worth the investment, or rust too significantly, or have an accident, or get stolen, or ?? Hyundai ...
by Lafder
Mon Feb 26, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Talk some "cents" into me- Home Improvement
Replies: 33
Views: 1612

Re: Talk some "cents" into me- Home Improvement

Max your retirement accounts, pay off the loans, then save to pay for the driveway cash. You may change your opinion on whether it is a good use of the funds once you have it in your hand. The job on credit/more debt, will feel very different than paying cash for it. By the time you save for it, you...
by Lafder
Sun Feb 25, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over current employer 401(k) to solo 401(k)
Replies: 7
Views: 501

Re: Rolling over current employer 401(k) to solo 401(k)

It depends on the employer 401k rules. My husband's 401k allowed us to roll some of it to a Rollover IRA and I did that to have full control of the investments. It was called an in plan withdrawal, or distribution. They only allowed that with certain categories of contributions so we did it to the e...
by Lafder
Sat Feb 24, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: New BH member, first time poster
Replies: 10
Views: 725

Re: New BH member, first time poster

Current assets: 401k -- $146,000 Roth 401k -- $24,300 Personal IRA (Raymond James)-- $15,500 Wife IRA (Raymond James)--$18,000 Personal Roth (Raymond James) -- $3,800 ((Consider rolling your IRAs into your 401k so you can do back door Roths. You must have a zero IRA balance by 12/31 to do back door ...
by Lafder
Sat Feb 24, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: New BH member, first time poster
Replies: 10
Views: 725

Re: New BH member, first time poster

I sent you a private message.
lafder
by Lafder
Sat Feb 24, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Should I bite the bullet and invest in this market?
Replies: 86
Views: 9546

Re: Should I bite the bullet and invest in this market?

Welcome here! First things first, what is your desired asset allocation? Stocks to bonds ? International? Is this 450 k the entirety of your savings or do you have other already invested holdings that should be taken into consideration ? Consider posting all of your holdings like this, and answer th...
by Lafder
Sat Feb 24, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: AA: am I being wise or missing something?
Replies: 26
Views: 2256

Re: AA: am I being wise or missing something?

I was going to say a range of 40-60% stock and others beat me to it. I would not go more aggressive than that. If you really can not decide, split the difference and go 50/50 :) Life strategy Moderate is an all on one 60/40 fund made up of Total Stock Index Total INternational stock index Total US b...
by Lafder
Sat Feb 24, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX vs VFIAX [Vanguard Total Stock Mkt vs. 500 Index]
Replies: 5
Views: 1094

Re: VTSAX vs VFIAX [Vanguard Total Stock Mkt vs. 500 Index]

This is a useful description that helped me understand that the SP 500 is the majority of the stock market, so yes it mirrors a total stock market fund. But, the total stock market fund has mid and small caps. Still HUGE companies! SP 500= large cap Extended market = small and mid cap https://www.bo...
by Lafder
Sat Feb 24, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Company changes 401k...again.
Replies: 5
Views: 469

Re: Company changes 401k...again.

Coastie, It seems the new stock fund has a lower expense ratio if I am reading your post correctly :) The Vanguard US equity index is a US stock index. You say the new fund has an ER of 0.016, which is lower than the old ER of 0.02. But both ERs are wonderfully low and practically the same if you ro...
by Lafder
Sat Feb 24, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 36
Views: 2436

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

It sounds like your wife needs some explanation to understand why a 401k or Roth make HER more money over time by saving on taxes. Is she aware the IRA or Roth belong to her, not her employer? It is possible the match is not vested, but her contribution is always hers. The IRA or Roth are just the "...
by Lafder
Fri Feb 23, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Novice Investor looking for advice
Replies: 12
Views: 647

Re: Novice Investor looking for advice

I sent you a private message
lafder
by Lafder
Thu Feb 22, 2018 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Owe IRS $33K, need help with tax planning for 2018
Replies: 24
Views: 4073

Re: OWE IRS $33K, NEED HELP WITH TAX PLANNING FOR 2018

If the self employment is just you and your wife, you may be eligible for Solo401k's. But they must be set up during the tax year so it is too late for 2017 for solo401k. However look into SEP for 2017, and solo401k for 2018. You need to read how the existing employed retirement accounts limit the m...
by Lafder
Thu Feb 22, 2018 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Joint Taxable Account
Replies: 17
Views: 1189

Re: Joint Taxable Account

At Vanguard they allow you to list POD or TOD on a single owned account. So if it stays in your name, you can list your wife as a primary beneficiary and others as secondary. If you make it a joint account, there is no way to designate POD/TOD so it would have to go through a will and probate. Eithe...