Search found 50 matches

by Malinois000
Sat May 20, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on retirement plans
Replies: 4
Views: 547

Re: Advice on retirement plans

Backdoor ROTH IRA may be a good option for you. We are in the same situation...my wife returned to the workforce this year since the kids are gone and we just finished the backdoor Roth IRA at Vanguard and will do so from this point forward.
by Malinois000
Fri May 19, 2017 6:20 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth screw up?
Replies: 7
Views: 740

Re: Backdoor Roth screw up?

I checked my wife's account this morning and the Backdoor Roth process is now complete (after 1 week). Given the drop in the market this week the original $6,500 contribution is was $6,469.54 at the time of conversion. Does that mean I will not need to file the form 8606 with next years' taxes?
by Malinois000
Thu May 18, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals...
Replies: 72
Views: 7847

Re: Question for you high net worth individuals...

Zero. 32+ year career and the good fortune of a high salary, investing is stocks for years and living well below our means.
by Malinois000
Sun May 14, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab vs Vanguard
Replies: 68
Views: 13800

Re: Schwab vs Vanguard

I'm a Private Client of Schwab and just opened a Vanguard Roth IRA for my wife. A little early for me to have an opinion but I really do like Schwab. However, I have a large number of individual stocks as i like Dividend investing for my Schwab account.
by Malinois000
Sun May 14, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth screw up?
Replies: 7
Views: 740

Re: Backdoor Roth screw up?

Got it! Thanks for the info!
by Malinois000
Sun May 14, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Assisting Parents (82 and 78)
Replies: 17
Views: 1784

Re: Assisting Parents (82 and 78)

A big question is how quickly they will spend down the money. If it will be pretty quickly then the CD's would make sense to me. If some of it could be spent in 5+ years then then it might make sense to put part(25%?) of the money is something like the Vanguard Lifestrategy income fund. Thanks Watty...
by Malinois000
Sun May 14, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth screw up?
Replies: 7
Views: 740

Backdoor Roth screw up?

My DW returned to the workplace this year so last Thursday I attempted to set up a back door Roth IRA through Vanguard. The chain of events so far: 1) Set up tIRA on 5/11 and electronically funded $6,500. 2) Purchased Vanguard Growth ETF and Vanguard International Stock Index which totaled $6,240.65...
by Malinois000
Sun May 14, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7021

Re: How Old Habits Can Sabotage Retirement

I read this article in the WSJ a month ago. I am about four years from retirement and frankly obsessed with the accumulation of assets. If I do not change my mindset, I could see problems in the distribution phases although my wife says: thanks not going to happen....
by Malinois000
Sat May 13, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: recent widow needs help with life insurance payout options
Replies: 44
Views: 2860

Re: recent widow needs help with life insurance payout options

I'm so sorry for you loss.

I suggest you select option 1 and place the proceeds into a savings account until you can think through how you wish to invest going forward.
by Malinois000
Fri May 12, 2017 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Nonqualified Deferred Compensation distributions
Replies: 13
Views: 776

Re: Nonqualified Deferred Compensation distributions

Response to 10 year plan:

The Nonqualified Plan I referred to is in addition to my employers 401k plan and defined benefit pension plan. It is designed for those over a certain income limit.
by Malinois000
Thu May 11, 2017 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Nonqualified Deferred Compensation distributions
Replies: 13
Views: 776

Re: Nonqualified Deferred Compensation distributions

For mt first four contracts i selected 60 months. The last three, I've selected 120 months. I plan to continue to opt for 120 months for the next three which will take me to planned retirement and provide nice 10 year bridge to RMDs.
by Malinois000
Thu May 11, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: My plan to use policy loans to fund first five years of retirement
Replies: 61
Views: 3361

Re: My plan to use policy loans to fund first five years of retirement

OP - thanks for sharing and good use of your perm insurance policies. Although term policies have always resonated with me, I have both term and universal policies as I always wanted to have some permanent insurance in force as well.
by Malinois000
Thu May 11, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: what to look for in homeowner's insurance?
Replies: 5
Views: 668

Re: what to look for in homeowner's insurance?

Visit a State Farm agent.
by Malinois000
Thu May 11, 2017 11:13 am
Forum: Investing - Theory, News & General
Topic: Did you buy SNAP?
Replies: 116
Views: 9869

Re: Did you buy SNAP?

I didn't buy but I'm tempted to purchase a small position and hold. Very tempted!
by Malinois000
Thu May 11, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Assisting Parents (82 and 78)
Replies: 17
Views: 1784

Re: Assisting Parents (82 and 78)

I don't think we want an SPIA at this point in their lives. Also, they already have an annuity. Some form of shorter Bond ETFs seem to provide a nice balance of safety and additional income while allowing them to SWAN.
by Malinois000
Wed May 10, 2017 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Assisting Parents (82 and 78)
Replies: 17
Views: 1784

Re: Assisting Parents (82 and 78)

Sorry about not listing the complete descriptions of the funds. - BND is Vanguard Total Bond Market - BSV is Vanguard Short Term Bonds - VCIT is Vanguard Intermediate Term Corporate Bonds They are looking for safety (SWAN) and to produce some additional income. I too was thinking about some form of ...
by Malinois000
Wed May 10, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Assisting Parents (82 and 78)
Replies: 17
Views: 1784

Assisting Parents (82 and 78)

Hello all, My parents recently sold their home and netted an additional 100K which my father wants to safely invest. They have a couple of modest pensions a small annuity and social security so the 100k proceeds will allow for additional funds if desired. I was thinking of something along the lines ...
by Malinois000
Sat May 06, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 7193

Re: Stay home with kids?

I think you should follow your instincts on this one. My wife and I both worked with two kids and one day I came home and she said: I want to retire and take care of the kids full time. We could afford her staying home (as you certainly can) at that time she was making six figures so I was still thi...
by Malinois000
Wed May 03, 2017 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Unfunded, non-qualified deferred plan - What is this thing?
Replies: 18
Views: 1234

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

In response to your inquiry.. I am 56 and plan to retire at 60 and live off pension and deferred comp contributions until RMDs at 70. I did not find the use of the plans overly complex and pleased how quickly you can build your savings. The unease I do even considering the confidence I have in the s...
by Malinois000
Wed May 03, 2017 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Unfunded, non-qualified deferred plan - What is this thing?
Replies: 18
Views: 1234

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

It sounds similar to a deferred comp plan I contribute to at my employer. They are designed to allow higher income brackets to save higher levels of income. Mine is non qualified and you are a general creditor if God forbid the company experienced financial challenges. I have participated for severa...
by Malinois000
Sun Apr 30, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor IRA - Clarification
Replies: 2
Views: 255

Re: Backdoor IRA - Clarification

Got it - thanks!!
by Malinois000
Sun Apr 30, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor IRA - Clarification
Replies: 2
Views: 255

Backdoor IRA - Clarification

Sorry for another Backdoor question but I want to confirm I'm doing this correctly before I pull the trigger. My wife has been out of the workforce for 10 years but became bored at home and reentered the work force this year. She has an existing 401k with her previous employer with a $353,000 balanc...
by Malinois000
Sun Apr 23, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 9697

Re: Why are pensions revered, but annuities reviled?

When I started working for my employer 33 years ago and one would comment about the defined benefit plan pension I thought yada yada ya...Four years from retirement, now I think what a "beautiful" thing. A defined benefit plan along with all other assets and savings equal a beautiful retir...
by Malinois000
Fri Apr 21, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 25107

Re: Age when you started to max out your retirement accounts?

Early 40's. I will also receive a healthy pension and also invested fairly heavy in the company deferred comp plan.
by Malinois000
Thu Apr 20, 2017 9:25 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 36578

Re: Larry Swedroe says "Goodby."

Thanks, Larry!!! Best.
by Malinois000
Mon Apr 17, 2017 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: employer executive savings plan and 180k cash - prioritizing help
Replies: 14
Views: 1372

Re: employer executive savings plan and 180k cash - prioritizing help

How stable is your employer as you are very young. I'm 56 and have max 401ks for years and have accumulated an additional 500k in my employers deferred comp. I plan to contribute the next four years up to retirement but do worry about being a general creditor. I have elected 10 year payout to create...
by Malinois000
Sun Apr 16, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits
Replies: 41
Views: 2775

Re: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits

I am 56 and plan to retire at 60. My pension options are Single life, 75% and 50%. My plans are to elect 75%.
by Malinois000
Sat Apr 15, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 336
Views: 25036

Re: Picking College and College Scholarships

My daughter attending University of Maryland for undergraduate on an athletic scholorship and University of Chicago Law School (Partial scholly). My son attending University of Miami undergraduate - no scholly - ouch and is currently attending Cornell (partial scholly). My takeaway is there are a lo...
by Malinois000
Sat Apr 15, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: My Story so far. Totally confused! Vanguard, Charles Schwab, Merrill Edge. Managing own portfolio... or NOT?
Replies: 86
Views: 6284

Re: My Story so far. Totally confused! Vanguard, Charles Schwab, Merrill Edge. Managing own portfolio... or NOT?

I handle my own stock portfolio at Charles Schwab and have done so for years. I was assigned a direct Sales associate that I contact from time to time but for the most part I handle myself. i have been very pleased with Schwab.
by Malinois000
Sun Apr 09, 2017 3:50 pm
Forum: Personal Consumer Issues
Topic: BH thoughts on car insurance
Replies: 32
Views: 2073

Re: BH thoughts on car insurance

State Farm!
by Malinois000
Sat Apr 08, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 8834

Re: Buying expensive car, how to keep payments low?

If you are worried about the monthly payment it is likely too much car. When you purchased these type of vehicles they should be cash purchases in my view. I'm not saying anything I don't practice myself.
by Malinois000
Wed Apr 05, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Is robo for me?
Replies: 31
Views: 2474

Re: Is robo for me?

The Charles Schwab Robo (IA) is advertised as a no fee option, right?
by Malinois000
Sun Apr 02, 2017 9:54 am
Forum: Investing - Theory, News & General
Topic: Personal experience over time? [How far from retirement, time spent investing]
Replies: 31
Views: 3203

Re: Personal experience over time? [How far from retirement, time spent investing]

I'm 56 and wife is 54. I could retire today and we would be financially independent as I have a healthy defined benefit pension. Plan to work four more years and retire at 60. Long time accumulating 401ks etc. Also, have deferred a large position through my companies deferred comp plan. Also, have g...
by Malinois000
Sat Apr 01, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 613
Views: 86090

Re: High Earners - What's Your Profession?

Executive for an Insurance Company.
by Malinois000
Thu Mar 30, 2017 5:54 pm
Forum: Personal Consumer Issues
Topic: Best take it everywhere camera
Replies: 102
Views: 8920

Re: Best take it everywhere camera

Leica Q - The best take it everywhere camera ever! It is quite expensive, however.
by Malinois000
Tue Mar 28, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab vs Vanguard - 401K Rollover to IRA
Replies: 5
Views: 580

Re: Schwab vs Vanguard - 401K Rollover to IRA

I've been with Schwab for the past 20 years. I'm quite a bit older than you, obviously, and I have a large taxable account. I really like Schwab - I think they are a first class organization. I'm sure Vanguard is too but you can't go wrong starting a long term financial relationship with Schwab.
by Malinois000
Tue Mar 28, 2017 4:57 pm
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 57
Views: 6403

Re: What's your strategy for withdrawing funds in Retirement ?

- Retire at yearend 2020 (I'll be 60 and my wife 58) - At ages 60 to 70 live off of pension and deferred compensation savings - At age 70 live from RMDs or myself and wife and pension and begin SS payments at age 70 (both him and her) - Plan to provide Roth IRA to kids as a tax free gift - Maintain ...
by Malinois000
Sun Mar 26, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 75
Views: 12428

Re: Do you have enough? How I realized yeah I do.

I'm 56 and my wife is 54 and I plan to retire in four years. I, as you stated, spend every Saturday morning with a cup of coffee reviewing our financial plans. I am borderline obsessed with this next phase of our lives and could so identify with your post. Good luck!
by Malinois000
Sun Mar 26, 2017 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K
Replies: 2
Views: 214

Re: Roth 401K

Nate79

I just checked the FAQ - you are right. That was easy - Thanks!!!
by Malinois000
Sun Mar 26, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K
Replies: 2
Views: 214

Roth 401K

This is my first post. Most of my career I invested in a traditional 401k but from the years 2009 - 2013 I was maxing the 401k Roth. I'm four years from retirement and my wife and I were planning to leave the dollars invested in the 401k Roth for my children (now young adults) as a tax free gift one...
by Malinois000
Sat Mar 25, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: What online bank do you use?
Replies: 68
Views: 5650

Re: What online bank do you use?

I use State Farm Bank and I am very pleased.
by Malinois000
Sun Mar 19, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm
Replies: 34
Views: 2599

Re: State Farm

State Farm is a terrific organization. I would not consider leaving SF!
by Malinois000
Sat Mar 11, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 162
Views: 14705

Re: High End Wrist Watches (Gone Crazy)

I own an IWC Big Pilot and two Panerai's. I purchased them several years ago when I was going through a high end watch buying phase of my life. You can't really justify the cost of these watches as an investment in my view. However, if you can afford them and that is what you wish to purchase...go f...
by Malinois000
Sat Mar 11, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: I need help with cash value in universal life policy please!
Replies: 6
Views: 661

Re: I need help with cash value in universal life policy please!

Ask your agent to run what is called a "Life Policy Illustration." It will provide a history of all the payments your mother has made and share a projection of the cash value going forward. You can also review the annual statement to determine how long the policy will remain in force if yo...
by Malinois000
Wed Mar 08, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 15609

Re: How Much in Your Emergency Fund And Is It Used?

I try to keep 100k. I do use it fairly often usually for relatives (who have no emergency fund). By the end of the year it is usually a little south of my 100k desired amount and I replenish when the annual bonus is awarded.
by Malinois000
Wed Mar 08, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 127
Views: 10497

Re: GEICO auto rates vs. USAA: too good to be true?

I've been with State Farm for 30 years (autos, home, life, PLUP and PAPs). I wouldn't consider any other company.
by Malinois000
Mon Feb 27, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 202
Views: 15010

Re: What is your overall portfolio weighted expense ratio

0% as the expense is covered completely by employer (insurance company) and considered a company benefit

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