Search found 29 matches

by Shamrock71
Wed Jun 28, 2017 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Question about backdoor Roth with leftover dividend distribution
Replies: 1
Views: 196

Question about backdoor Roth with leftover dividend distribution

I executed a backdoor Roth with Vanguard last week, and it all went fine excepts that it generated a 52-cent dividend payout before I converted the tIRA to the Roth IRA. My tIRA account now shows a zero balance, and my Roth IRA looks like this (52 cents in the Roth IRA Settlement Fund): http://i67.t...
by Shamrock71
Wed Jun 21, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA question
Replies: 1
Views: 261

Backdoor Roth IRA question

I'm doing a backdoor Roth IRA through Vanguard. I already opened a tIRA yesterday. The money is still being transferred from my bank checking account. Here's what the status of my tIRA looks like: https://i.imgur.com/FAQqEeh.png Questions: 1. Is it okay for me to "Convert to Roth IRA" now or should ...
by Shamrock71
Sun Jun 18, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard joint taxable account questions
Replies: 5
Views: 582

Vanguard joint taxable account questions

I opened an individual brokerage account at Vanguard a month or so ago. My wife also wants to invest in a taxable account, so I'm considering making my account a joint account. Our taxable would be for retirement (20+ years away). The reason I'm considering a taxable account is that I'll be the one ...
by Shamrock71
Sat Jun 10, 2017 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Backdoor Roth Question
Replies: 3
Views: 557

Quick Backdoor Roth Question

I'm preparing to do a backdoor Roth through Vanguard. I already rolled over my existing IRA into my current 401k last month, so there should be no pro-rata rule problem. My question: Now that I have no IRAs, am I good-to-go to do the backdoor Roth, or do I have to wait a certain amount of time to do...
by Shamrock71
Wed May 31, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: TLH funds for my portfolio situation?
Replies: 7
Views: 549

Re: TLH funds for my portfolio situation?

You and your spouse do not need separate taxable accounts because a joint account works great. If you want to keep separate, one of you could have VTSAX and the other could have only VTIAX. Or going forward, contribute to only VTSAX for one of you and only to VTIAX for the other. The VTSAX person c...
by Shamrock71
Wed May 31, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: TLH funds for my portfolio situation?
Replies: 7
Views: 549

Re: TLH funds for my portfolio situation?

I'll add one other thing. Some people don't think wash sales apply to 401ks because the IRS does not specifically mention them, only IRAs. I believe the logic also has something to do with the fact that you don't have full control over what limited investments are available in the 401k, so maybe it...
by Shamrock71
Tue May 30, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: TLH funds for my portfolio situation?
Replies: 7
Views: 549

TLH funds for my portfolio situation?

So, I keep going back and forth on doing TLH. I'm new to investing and I'm trying to keep my portfolio fund selection simple, but I may want to take advantage of TLH. My wife and I will have many identical funds (with some regular contributions) in our portfolios, and I know that would trigger wash ...
by Shamrock71
Sat May 27, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Question about setting up Vanguard Account
Replies: 5
Views: 899

Re: Question about setting up Vanguard Account

4. I have taxable dividends and interest set to not reinvest. It creates fewer tax lots. After a month or a quarter end, then I buy toward my asset allocation if off. Re-investing is fine as well. 5. In the taxable account, set the Cost Basis Method to "Specific Identification." If you have the sam...
by Shamrock71
Fri May 26, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Question about setting up Vanguard Account
Replies: 5
Views: 899

Question about setting up Vanguard Account

I just set up a Vanguard account yesterday. I'll be using it for index funds in a taxable account and to do backdoor Roth IRAs. My questions: 1. The account I set up is a brokerage account. I didn't see any options for any other types of accounts for what I want to do. Are all new Vanguard accounts ...
by Shamrock71
Sun May 21, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to pull the trigger. So how does this look?
Replies: 7
Views: 1218

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

It's probably ok. In fact, it looks good, but if you don't already know how money will flow into it, it may not work. I don't mean that about your idea, it's true for all portfolio ideas. If you have not hammered that out yet, you should do it before implementing. You may have to tweak something. Y...
by Shamrock71
Sun May 21, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to pull the trigger. So how does this look?
Replies: 7
Views: 1218

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 Ah, good point. Her...
by Shamrock71
Sun May 21, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to pull the trigger. So how does this look?
Replies: 7
Views: 1218

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

Thanks to the BH wiki and to everyone here who gave me feedback and guidance. I’m ready to move ahead with my portfolio which consists of reallocating my two 401k plans following a 3-fund approach (US stock index, Intl stock index, US bonds index), starting annual backdoor Roth IRAs, and starting a ...
by Shamrock71
Fri May 19, 2017 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Please provide some feedback on 401k allocation
Replies: 6
Views: 521

Re: Please provide some feedback on 401k allocation

ruralavalon wrote: Yes, keep the money in the lower cost plan.
Cool. Thanks for all the feedback.
by Shamrock71
Thu May 18, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Please provide some feedback on 401k allocation
Replies: 6
Views: 521

Re: Please provide some feedback on 401k allocation

What is your age? What is your desired stock/bond allocation? What is your desired domestic/international stock allocation? What is the expense ratio on the target retirement fund you are using in the old 401k? If that is low, then leaving the old 401k with that fund is reasonable if the fund fits ...
by Shamrock71
Thu May 18, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Please provide some feedback on 401k allocation
Replies: 6
Views: 521

Re: Please provide some feedback on 401k allocation

What is your age? What is your desired stock/bond allocation? What is your desired domestic/international stock allocation? What is the expense ratio on the target retirement fund you are using in the old 401k? If that is low, then leaving the old 401k with that fund is reasonable if the fund fits ...
by Shamrock71
Thu May 18, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Please provide some feedback on 401k allocation
Replies: 6
Views: 521

Please provide some feedback on 401k allocation

Hi there. I’m reaching the home stretch of activating my personal investment plan. I’m looking at the options I have in my largest fund holding—$300,000 in my past-employer 401k. I’m keeping the money there because the fees and ER seem reasonable ($28/year flat fee on top of the fund’s ER), and it w...
by Shamrock71
Mon May 15, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Input on selecting funds for 3-fund portfolio.
Replies: 2
Views: 458

Input on selecting funds for 3-fund portfolio.

So, I want to help my wife reallocate a 401k. Currently, she's 100% in Haverford Moderately Aggressive Fund with an ER of 0.42%. I looked through the plan's funds, and here are the viable offerings: US Equity Vanguard Tax-Managed Small Cap Adm (VTMSX) 0.09% ER Fidelity 500 Index Fund Premium (S&P 50...
by Shamrock71
Mon May 15, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Looking for feedback on several approaches
Replies: 6
Views: 768

Re: Looking for feedback on several approaches

If she adds her old 401k to her current-employer SEP IRA, wouldn't that raise her total pre-tax IRA amount and decrease the tax-free percentage when she does a backdoor Roth? Yes, it would. My assumption was that she wouldn't bother with the backdoor method because of the SEP IRA. Good news. I foun...
by Shamrock71
Mon May 15, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Yikes! Thought about these 401k fees?
Replies: 11
Views: 1811

Re: Yikes! Thought about these 401k fees?

Thanks for the feedback. Looking at my situation again, I'm considering just rolling the $11,800 IRA into my current 401k (0.16% ER of current fund + 0.28% fees = 0.44%). I can lower the 0.16% ER by moving to 3 Vanguard index funds (Admiral level) in the plan. I'd leave the $283,000 in the old 401k...
by Shamrock71
Sun May 14, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes! Thought about these 401k fees?
Replies: 11
Views: 1811

Re: Yikes! Thought about these 401k fees?

Yeah, I was thinking of rolling my old 401k and reverse-rollover an IRA into my current-employer 401k in a move to do a backdoor Roth for soon and future investments. I have to check if that's allowable with my current-employer 401k. My income is too high for a standard Roth, and too high for IRA d...
by Shamrock71
Sun May 14, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for feedback on several approaches
Replies: 6
Views: 768

Re: Looking for feedback on several approaches

Reverse-rolling my past-employer Prudential IRA rollover (it's all pre-tax) into my current-employer 401k to avoid the pro-rata rule Have you confirmed that your current 401k will take incoming rollovers? My wife would need to leave her past-employer Ascensus 401k where it is (not roll in into an I...
by Shamrock71
Sat May 13, 2017 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for feedback on several approaches
Replies: 6
Views: 768

Looking for feedback on several approaches

So, I'm looking to maximize our (my wife and my) assets using a Boglehead approach. I posted some question in earlier threads, but I've since collected more data. So, I should now be able to give a clearer picture for the feedback I'm looking for. Any help would be appreciated. :D Background Info Me...
by Shamrock71
Wed May 10, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is the expense ratio fee amount shown on my 401k statement?
Replies: 2
Views: 359

Is the expense ratio fee amount shown on my 401k statement?

I know the ER of my selection is 0.16%. When I look at my statements, I see advisor fees, trustee fees, and plan admin fees. Is the ER amount already deducted from the dividends/earnings, so it won't appear as a line item on my statement? I'm trying to determine if I should add the ER on top of all ...
by Shamrock71
Sat May 06, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Novice investor seeking advice
Replies: 7
Views: 651

Re: Novice investor seeking advice

Hi, everyone. Background Info Me: 46 years old (gross income $170,000) Wife: 43 years old (gross income $40,000) 2016 Taxes: Married, filed jointly. $195,000 AGI, $162,000 taxable income (28% bracket). Debt: 3.125%, 15-year mortgage. All credit cards paid off monthly. We have no kids. Investment In...
by Shamrock71
Sat May 06, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Novice investor seeking advice
Replies: 7
Views: 651

Re: Novice investor seeking advice

176K in checking between the two of you is nuts. Are you securely employed? Consider moving to a "tiered" system with your liquid funds. Tier 1 - checking - 1-2 months expenses Tier 2 - savings (online savings or money market) - 4-6 months expenses Tier 3 - intermediate term savings - I-Bonds, Shor...
by Shamrock71
Sat May 06, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes! Thought about these 401k fees?
Replies: 11
Views: 1811

Re: Yikes! Thought about these 401k fees?

So, I'm in the midst of investment planning, and I'm looking at my current employer 401k that I max every year. The 401k is administered by a third party company. I want to explore rolling older, higher-fee plans (401k and IRA) into my current-employer 401k. I have $76,000 in the 401k all going int...
by Shamrock71
Sat May 06, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Yikes! Thought about these 401k fees?
Replies: 11
Views: 1811

Yikes! Thought about these 401k fees?

So, I'm in the midst of investment planning, and I'm looking at my current employer 401k that I max every year. The 401k is administered by a third party company. I want to explore rolling older, higher-fee plans (401k and IRA) into my current-employer 401k. I have $76,000 in the 401k all going into...
by Shamrock71
Fri May 05, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Novice investor seeking advice
Replies: 7
Views: 651

Novice investor seeking advice

Hi, everyone. I read through the wiki, and have a (very) basic understanding of the benefits of a simple 3-fund portfolio. Before discovering BH, I was intent on using a robo (Wealthfront) to roll over my and my wife's 401k/IRA accounts, open IRA/Roth IRAs for me and my wife, and invest in taxable f...