Search found 1088 matches

by Novine
Sun Jan 15, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes
Replies: 26
Views: 1641

Re: Help with taxes

I missed the comment about your MAGI. You're correct if your MAGI is going to be over $118,000 (partial deductibility limit).
by Novine
Sun Jan 15, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Can you exchange a 401k into a traditional ira
Replies: 8
Views: 437

Re: Can you exchange a 401k into a traditional ira

If she is still working with that company, it is known as an in-service rollover. Some plans permit it but even when it's allowed, there's often limitations on those. You should start by finding out whether it is even allowed in her plan.
by Novine
Sun Jan 15, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes
Replies: 26
Views: 1641

Re: Help with taxes

You and your wife can each contribute $5500 to a Traditional IRA. It was unclear from your comments whether you were doing $5500 or $11,000.
by Novine
Sun Jan 15, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Retirement Savings
Replies: 9
Views: 497

Re: Advice on Retirement Savings

Contribute up to the match in your 401k. Then focus on paying off your personal loan. If you want to be "really aggressive with investments", sell your car, pay off the car loan and buy something cheaper with cash. That would free up more money each month to put towards your retirement acc...
by Novine
Sun Jan 15, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Retirement Savings
Replies: 9
Views: 497

Re: Advice on Retirement Savings

Do you get a match on your 401k contributions? If so, how much?

What's the interest rate on the credit card debt? Is that how much you are putting on the card each month? Or is that an existing debt you are paying off?
by Novine
Sun Jan 15, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up my Vanguard ROTH IRA - 23 y.o. -- How many funds should I use?
Replies: 10
Views: 469

Re: Setting up my Vanguard ROTH IRA - 23 y.o. -- How many funds should I use?

You can start considering 6 funds when you reach 6 digits in your retirement accounts. Otherwise, it's too much complication for little upside. Three or even 1 is enough to get started. The key is to start investing for your future so you're off to a good start.
by Novine
Sat Jan 14, 2017 1:22 am
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 243
Views: 41536

Re: When people put all their eggs in the wrong basket

You know the dangers of owning too much stock in one company is real when even "Edward Jones" cautions against it in their commercials.
by Novine
Thu Jan 12, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 3938

Re: Help with paying off debt

"We have been in our house for about 2.5 years now so I am unsure if the value of our house has gone up enough to avoid the PMI. When I refinance, the LTV has to be 80%, correct? Is there a way to refinance down to a 15 year mortgage and get rid of PMI even if the LTV may still be above 80%?&qu...
by Novine
Wed Jan 11, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 3938

Re: Help with paying off debt

"Do I have to invest that money in anything, or can it just sit in the money market account through Vanguard?" It doesn't have to be "invested". It technically isn't a "money market account" but you can put it into a "safe" fund like Vanguard's Money Market Fu...
by Novine
Wed Jan 11, 2017 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Help with retiremet accounts
Replies: 10
Views: 1176

Re: Help with retiremet accounts

Don't duplicate your asset allocation in each of your accounts. Where possible, find the account that has the best fund or fund choices for each of the areas where you want to allocate assets and then apportion your assets appropriately. Usually, this makes it easier to rebalance and handle new cont...
by Novine
Tue Jan 10, 2017 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Morgage Advice
Replies: 12
Views: 1184

Re: Morgage Advice

"Went to the annual credit report site to get my 3 free reports. 2 out of the 3 did not allow me to view them online, apparently I answered some questions wrong? The third I was able to view, however there was no actual score available. So now I am not sure what to do." These sites don't p...
by Novine
Tue Jan 10, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: EJ not [costing me as much as] others?
Replies: 133
Views: 4659

Re: EJ not [costing me as much as] others?

"Livesoft, isn't it possible that the international funds and emerging markets are disjoint. For instance, the international funds may be Europe based?"

You could ask your advisor. They should be able to explain why it requires 19 funds to accomplish what most people can accomplish with 3.
by Novine
Tue Jan 10, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Goals...What should we do?
Replies: 15
Views: 1554

Re: 2017 Goals...What should we do?

"We are not maxing out retirement. Currently 5% towards 401K (w/ 5% match), wife 3% towards 401K (w/ 3% match), I'm maxing out Roth IRA and wife is putting $150 per month towards Roth." I was happy to get rid of our car loans. But long-term, getting your retirement money working for you no...
by Novine
Tue Jan 10, 2017 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: EJ not [costing me as much as] others?
Replies: 133
Views: 4659

Re: EJ not [costing me as much as] others?

"If a new investor uses EJ and can avoid loaded funds and have funds offered that have a reasonable expense ratio, then having a lower value account at EJ to get started doesn't sound crazy." Let's unpack the "ifs": 1. Most/all new investors don't get to avoid loaded funds at EJ....
by Novine
Tue Jan 10, 2017 12:29 am
Forum: Investing - Help with Personal Investments
Topic: EJ not [costing me as much as] others?
Replies: 133
Views: 4659

Re: EJ not [costing me as much as] others?

"All recent investments have gone to my Vanguard account and I have been threatening to move it all to Vanguard, but have been very fearful of such a large change." This appears to be the crux of your problem. You've already started the move to Vanguard. But because someone else set up the...
by Novine
Tue Jan 10, 2017 12:12 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11477

Re: How Bad was 2008, really?

The US economy was losing between 500,000 to almost 1 million jobs month after month at the height of the Recession. It felt like no one's job was safe and all that courage about "staying the course" can suddenly come into question when you're facing the prospect of being unemployed with n...
by Novine
Tue Jan 10, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: EJ not [costing me as much as] others?
Replies: 133
Views: 4659

Re: EJ not [costing me as much as] others?

"All recent investments have gone to my Vanguard account and I have been threatening to move it all to Vanguard, but have been very fearful of such a large change. "

Who set you up initially at EJ? Are other family members invested there too?
by Novine
Mon Jan 09, 2017 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: EJ not [costing me as much as] others?
Replies: 133
Views: 4659

Re: EJ not [costing me as much as] others?

"No, at least certainly not immediately. I would see what was offered and seek out more information, as I am doing right now. That direction is also biased since I would have to pay loads which have already been paid in this case." What is it that EJ can offer you that you can't get from V...
by Novine
Mon Jan 09, 2017 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: EJ not [costing me as much as] others?
Replies: 133
Views: 4659

Re: EJ not [costing me as much as] others?

Let's say that all your money was invested at Vanguard paying no loads and much lower fees. If an EJ rep approached you today and asked you to move all your money to EJ, would you?
by Novine
Mon Jan 09, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: American Funds vs. index funds - comparing returns
Replies: 20
Views: 1855

Re: American Funds vs. index funds - comparing returns

If you're not paying a load, how is your advisor making money off you? He's not working for free.
by Novine
Sun Jan 08, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds vs. index funds - comparing returns
Replies: 20
Views: 1855

Re: American Funds vs. index funds - comparing returns

American Funds generally have a good reputation because of their past performance. As others have noted, the only thing you can control going forward is costs. A higher cost fund is generally not going to perform as well a comparable lower cost fund because of the drag of fees. Your American Funds m...
by Novine
Sun Jan 08, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice moving from EJ
Replies: 36
Views: 2032

Re: Need advice moving from EJ

If you are in the 25% federal tax bracket, you should have a decent income for a low-cost of living area like West Virginia. The concern I have is the amount of credit card debt, which you absolutely need to get paid off, and whether that's indicative of living beyond your means? Same with having th...
by Novine
Sun Jan 08, 2017 1:05 pm
Forum: Personal Consumer Issues
Topic: Do I need to replace my desktop PC?
Replies: 27
Views: 2185

Re: Do I need to replace my desktop PC?

Someone suggested that Windows 7 may be less secure than Windows 10. I've seen no evidence of that. On the contrary, I wouldn't be surprised if the opposite is true. For many consumers running Windows 10, MS has introduced some "improvements" like peer-to-peer updating and automatic updati...
by Novine
Sat Jan 07, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 52
Views: 3938

Re: Help with paying off debt

What's the interest rate on the home loan? How much are you paying per month in PMI?
by Novine
Fri Jan 06, 2017 9:35 pm
Forum: Personal Consumer Issues
Topic: Do I need to replace my desktop PC?
Replies: 27
Views: 2185

Re: Do I need to replace my desktop PC?

That's more than sufficient to do what you described. As long as you're doing backups of the data on it, you can keep running that PC until it dies. Microsoft has committed to supporting Windows 7 through at least 2020.

Windows Lifecycle Fact Sheet
by Novine
Fri Jan 06, 2017 8:55 pm
Forum: Investing - Theory, News & General
Topic: I am timing the market. Why am I wrong?
Replies: 89
Views: 5675

Re: I am timing the market. Why am I wrong?

I think you need to answer some more fundamental questions - "Why am I investing anyways?" "What's my investment timeline?" For someone in their mid 40s, pulling everything out of the market is an extreme over-reaction if your investment timeline is 25 years until retirement. I c...
by Novine
Tue Jan 03, 2017 9:17 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 236
Views: 25075

Re: Whats your number to walk away?

"The numbers in this thread seem so high. I will be happy to have around 1 million in my retirement account by age 60 (have 1/3 of that now at age 40). We are of modest means so that will be plenty." Same here. We've never lived a lifestyle that requires us to save $5 - $10 million to live...
by Novine
Tue Jan 03, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Good time for VGPMX? [Vanguard Precious Metals And Mining]
Replies: 18
Views: 1605

Re: Good time for VGPMX?

What are your investment goals? How does speculating on the future of VGPMX fit into those?
by Novine
Sun Dec 25, 2016 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Investing $35k to defer $10k tax?
Replies: 14
Views: 1855

Re: Investing $35k to defer $10k tax?

One of the things you need to be saving for is retirement. It's probably decades off for you but the retirement of the future is more uncertain than it has been in the past. The more you can save today, the better off you'll likely be when you finally decide to retire. I'm not one of those who are d...
by Novine
Sun Dec 25, 2016 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Help me get back into the market
Replies: 24
Views: 3221

Re: Help me get back into the market

Please explain the math behind this logic. How would it work out any diffently than if you had just left the money invested?
by Novine
Sun Nov 27, 2016 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my investments?
Replies: 16
Views: 1856

Re: Thoughts on my investments?

With your educational background, you need to be in Charlotte or Raleigh-Durham areas. I'm sure the job prospects are 100 times better than where you are living now.
by Novine
Thu Nov 24, 2016 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Parent’s Case Study (come inside for a 2.57% exp ratio!) - Cancer
Replies: 9
Views: 2449

Re: Parent’s Case Study (come inside for a 2.57% exp ratio!) - Cancer

I would explore the tax implications of selling that all at once. Assuming they file as MFJ, if their AGI is $75,300 or less, there's no taxes on long term capital gains.
by Novine
Tue Nov 22, 2016 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Retirement - Ten key years + Summary
Replies: 68
Views: 14808

Re: Retirement - Ten key years + Summary

This would be a good Wiki topic.
by Novine
Mon Nov 21, 2016 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: If I won the game, how to play the next phase?
Replies: 27
Views: 4392

Re: If I won the game, how to play the next phase?

"What I'm saying is that historically, the worst times to retire early are right before a large recession/bear market. The 5% failure of the Trinity study focuses on those events." I would be more concerned with a portfolio that's overly exposed to equities if the market were to enter a si...
by Novine
Sun Nov 20, 2016 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 8240

Re: Do you track your net worth? How long have you done so?

We track our income, expenses, savings, debts, investments and retirement assets on a monthly basis. We don't track net worth per se but it's pretty straightforward for me to do since I can get a rough estimate of the value of our home on Zillow and deduct what we owe on the mortgage, the house bein...
by Novine
Sun Nov 20, 2016 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 457(b) Plan
Replies: 42
Views: 3218

Re: Help with 457(b) Plan

Most Americans aren't living on anything close to 6 figure retirement incomes . That doesn't mean you shouldn't try to save as much as your finances and life allows. But it also means that it's important to be realistic about what you can accomplish in the time you have until you retire. The last th...
by Novine
Sun Nov 20, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life - 7 "pithy" questions to ask the salesman
Replies: 43
Views: 3990

Re: Whole life - 7 "pithy" questions to ask the salesman

Do they have any children? If not, I would question the idea that they need life insurance at all.
by Novine
Sat Nov 19, 2016 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: A few questions to build confidence going into managing on my own
Replies: 8
Views: 1011

Re: A few questions to build confidence going into managing on my own

The general recommendation is to place your assets with the highest potential for appreciation into your Roth IRA as you won't have to pay taxes on the capital gains when you take distributions. Normally, those assets will be stocks, not bonds. You generally want to avoid placing bonds in taxable ac...
by Novine
Fri Nov 18, 2016 10:54 pm
Forum: Investing - Theory, News & General
Topic: Individual stocks that are sound w/ indexing
Replies: 84
Views: 6490

Re: Individual stocks that are sound w/ indexing

Why not S&P 500 Index? Vanguard's Total Stock Market fund has an annual fee associated with it which your stocks do not.
by Novine
Fri Nov 18, 2016 9:22 pm
Forum: Investing - Theory, News & General
Topic: Individual stocks that are sound w/ indexing
Replies: 84
Views: 6490

Re: Individual stocks that are sound w/ indexing

wearahat - which index are you using as your benchmark?
by Novine
Thu Nov 17, 2016 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Just Starting Out
Replies: 10
Views: 1160

Re: Just Starting Out

"How bad a time is it right now to drop $40,000 into stocks? I know you're not supposed to time to market, but it does feel inflated, no?" Well, you said you were 10 years behind so I guess the question back at you is "how much longer do you want to wait?" Or you can ask the peop...
by Novine
Thu Nov 17, 2016 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique my portfolio
Replies: 6
Views: 795

Re: Please critique my portfolio

14 funds over 4 accounts? Sounds overly complicated especially when you appear to be duplicating them in different accounts. Also, for the ease of reading, most people want to know the percentage of a fund as it relates to your total portfolio, not the percentage within the account. Having both make...
by Novine
Thu Nov 17, 2016 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: starting "late" on retirement planning --- catch up time
Replies: 7
Views: 1070

Re: starting "late" on retirement planning --- catch up time

I don't you'll find anyone who thinks 5 - 10 years is long enough to implement an aggressive small cap tilt, especially one in the range of 90% small cap. Also, as you are a new investor, I think any aggressive portfolio has the potential for danger until you've been through a major market downturn....
by Novine
Thu Nov 17, 2016 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Newborn on an HSA plan
Replies: 9
Views: 758

Re: Newborn on an HSA plan

If her employer is fully funding the HSA, is that funded 100% at the beginning of the plan year? If not, this can become a cash flow issue if you have a significant medical event and don't have savings to cover the costs of that before getting reimbursed from the HSA. "Also, what does the "...
by Novine
Thu Nov 17, 2016 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: starting "late" on retirement planning --- catch up time
Replies: 7
Views: 1070

Re: starting "late" on retirement planning --- catch up time

As was recommended, get started at the White Coat Investor . Jim has organized the content so you can get started with content intended for "Beginners" and then move onto topics for "Advanced" and "Experts". If you read through all of the "Beginners" posts, yo...
by Novine
Thu Nov 17, 2016 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Investing $35k to defer $10k tax?
Replies: 14
Views: 1855

Re: Investing $35k to defer $10k tax?

The first question you need to answer is "does it make sense for me to invest $35,000 towards my retirement?" Only you can answer that question based on your current and future financial needs. Do you have any other financial needs now or in the future that those dollars would address? If ...
by Novine
Mon Nov 14, 2016 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I change the job?
Replies: 22
Views: 1855

Re: Should I change the job?

"Should I leave the company as it does not motivate engaged employees? Or am I really that typical millennial person with no patience? " If the company or manager doesn't value your work, start looking for one that will. The stereotype of the "millennial person with no patience" ...

Go to advanced search