Search found 41 matches

by benevo
Sun Jun 18, 2017 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Current vs future investments
Replies: 6
Views: 782

Re: Current vs future investments

BL wrote:What are your ERs?


0.0008 for all the TRFs
by benevo
Sat Jun 17, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Current vs future investments
Replies: 6
Views: 782

Re: Current vs future investments

Thanks, both!

In the same thinking, my contributions can be put towards:

Pre-Tax
Roth
After-Tax

Pre-tax would be best traditional option, yes? I have a better chance of the money growing that way I'd think.
by benevo
Sun Jun 11, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Current vs future investments
Replies: 6
Views: 782

Current vs future investments

Hi all, I am changing my investments (from some 'meh' funds that an old financial adviser recommended, to the 2040 Target Retirement fund). I understand, technically, the difference between having all future contributions go to the 2040 and selling my current investments. Is there an overall recomme...
by benevo
Thu Jun 08, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Selecting target retirement for my 401(k)
Replies: 23
Views: 1268

Re: Selecting target retirement for my 401(k)

If I wanted 15% bonds, I can look at something like the 2050 but it's at 10% bonds. Would there be any negative to selecting that as well as putting an extra, say, 3% into Vanguard Total Bond Market II Index Fund Investor Shares, or Vanguard Total International Bond Index Fund Investor Shares? Or sh...
by benevo
Tue Jun 06, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Selecting target retirement for my 401(k)
Replies: 23
Views: 1268

Re: Selecting target retirement for my 401(k)

I agree with the above posts. At 0.08% that's about as good as you'll get on a VG target date fund. Since you'll likely be in the workforce for another 30+ years and this is tax deferred, you can be a bit more aggressive at your age so 80/20 seems reasonable. Thanks! Would the 86.9/13.1 be too aggr...
by benevo
Tue Jun 06, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Selecting target retirement for my 401(k)
Replies: 23
Views: 1268

Re: Selecting target retirement for my 401(k)

If you want to use a target retirement fund then I suggest using the same fund in both accounts. 2) In my opinion at age 29 an asset allocation of 80/20 stocks bonds is reasonable. Thanks! So in my TRF options, 2035 or 2040 would probably be best then, yes? - the former at 20.5% bonds, the latter a...
by benevo
Tue Jun 06, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Selecting target retirement for my 401(k)
Replies: 23
Views: 1268

Selecting target retirement for my 401(k)

Good morning! I had received poor advice from an adviser when I started my job and didn't select the best portfolio options (my fault!). I'm looking to now update my 401(k) to the 2050 target retirement fund. Some background: - I'm 29 years old and a newer investor - I am actively contributing heavi...
by benevo
Thu May 25, 2017 7:08 am
Forum: Local Chapters and Bogleheads Community
Topic: White Plains, NY
Replies: 0
Views: 295

White Plains, NY

Hello Bogleheads!

Marco...Polo....any of you in White Plains (or Westchester as a whole) area? Wasn't sure if a chapter existed there or not?

Would love to meet and say hi if so!
by benevo
Thu May 25, 2017 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1207

Re: Contribution pre/post/Roth?

Thanks! No, my thinking is more because my Roth IRA is currently on the 2055 fund (though I'll likely update to 2050). I wonder if I make the IRA the list of funds above, and change my 401(k) to the retirement fund - that way they're not both the same. Thoughts? There is no real problem keeping ide...
by benevo
Wed May 24, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1207

Re: Contribution pre/post/Roth?

I feel like this is a dumb question, but is there any negative to splitting contributions amongst some of those options you suggest and the target fund? Nothing terrible, but if it gives you the illusion of better diversification then you are misleading yourself. Thanks! No, my thinking is more bec...
by benevo
Wed May 24, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1207

Re: Contribution pre/post/Roth?

The answer to which is better, pre-tax or Roth (after-tax is a separate issue), depends on your current income and what you expect your income to be in retirement. Here are two articles by tfb about this issue: The Case Against Roth 401(k) Roth 401(k) for People Who Contribute the Max Thanks again ...
by benevo
Wed May 24, 2017 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1207

Re: Contribution pre/post/Roth?

Current gross is at just about $100k, about $9k of which is side income from my side business - I use all net income from that towards savings so I really only count about $90k my 'reliable' salary. As a younger worker in martech, I expect increases but can't frankly say how I expect it to change. ...
by benevo
Tue May 23, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1207

Re: Contribution pre/post/Roth?

The answer to which is better, pre-tax or Roth (after-tax is a separate issue), depends on your current income and what you expect your income to be in retirement. Here are two articles by tfb about this issue: The Case Against Roth 401(k) Roth 401(k) for People Who Contribute the Max My plan's inv...
by benevo
Tue May 23, 2017 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1207

Re: Contribution pre/post/Roth?

You asked, so, - what is your current gross income? - what is your expectation for future income increases, relative to inflation? G'day! Current gross is at just about $100k, about $9k of which is side income from my side business - I use all net income from that towards savings so I really only c...
by benevo
Tue May 23, 2017 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1207

Contribution pre/post/Roth?

Good day, Bogleheads! My 401(k) is currently with Fidelity, where I put 100% of my contributions in as a Roth 401(k). (I have the options of pre-tax, roth, or post-tax which I imagine are all pretty standard). This was under the advice of my financial adviser, who I am slowly leaving to handle thing...
by benevo
Thu May 18, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Annual house maintenance costs
Replies: 30
Views: 2618

Re: Annual house maintenance costs

If properly maintained it can last 50-100 years or more no problem. The original roof was 130 years old when we replaced it. A new house with typical shingles on the roof may need a new roof every 15 years. Kinda off-topic yet related to value of roof - anyone have any thoughts as to value and main...
by benevo
Thu May 18, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Annual house maintenance costs
Replies: 30
Views: 2618

Annual house maintenance costs

Good day, Bogleheads! I read somewhere that it's smart to save 1-2% of the value of your house each year to put aside for maintenance costs - new lawn mower, fixing siding, driveway patching, etc. General maintenance costs. So, a house valued at $350k = $3,500-7,000/year. Curious what people here (1...
by benevo
Thu May 11, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Picking better options in my 401(k)
Replies: 5
Views: 377

Re: Picking better options in my 401(k)

Thanks for the suggestions. For my own ignorant knowledge, what makes the target fund better in this case than selecting specifics?
by benevo
Wed May 10, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Picking better options in my 401(k)
Replies: 5
Views: 377

Picking better options in my 401(k)

Hello gang! I'm looking to diversify my 401(k) portfolio. I'm a newer investor - 29-years-old, started contributing 7 years ago a small (2-4%) amount and now contribute 7% and receive a 4% match from employer. I currently have about $50k in Fidelity 401(k). My current portfolio is: ARTISAN MID CAP I...
by benevo
Thu Apr 27, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 24
Views: 1426

Re: Refinance student loan to Earnest?

Great additional thoughts, all. One thing I also learned, Earnest lets you adjust your time/rate as you will. So, I can start with a higher monthly payment and lower rate and at any* time, adjust so that I'm paying less minimum monthly - but the rate will go up a bit. * https://help.earnest.com/hc/e...
by benevo
Wed Apr 26, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 24
Views: 1426

Re: Refinance student loan to Earnest?

Thank you all for the great info! I have a lot to look through and consider. :)
by benevo
Wed Apr 26, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 24
Views: 1426

Re: Refinance student loan to Earnest?

I refinanced with Sofi a couple of years ago - moved to 5y variable rate, started at 1.9%, which has gone up since then. Sofi had some small customer service issues, but nothing critical. Initially didn't get the lowest rate advertised, so I emailed them back and then got the lowest rate. Email Ear...
by benevo
Wed Apr 26, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 24
Views: 1426

Re: Refinance student loan to Earnest?

Taylor Larimore wrote:benevo:

What about closing costs; transfer fees, credit checks, etc..?

Best wishes.
Taylor


Good morning! These are student loans, not their mortgages. But, there are no transfer fees, no loan origination fees, no early payoff fees, etc. Thanks!
by benevo
Wed Apr 26, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Refinance student loan to Earnest?
Replies: 24
Views: 1426

Refinance student loan to Earnest?

Good morning Bogleheads! I have about $32,000 left in my graduate student loans. That's the total of 3 loans, all federal through Navient. My current interest rate is 6.8%, with a 0.25% discount for autopay - so, my actual interest rate is 6.55%. My monthly payment is about $500. I have approximatel...
by benevo
Thu Apr 20, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA transfers, indirect rollovers, contributions, oh my!
Replies: 7
Views: 559

Re: Roth IRA transfers, indirect rollovers, contributions, oh my!

There seems to be some definition gap. The bit about withdrawing penalty-free doesn't apply. If you take money out of an IRA, Roth or TIRA, then you have 60 days to put it into an IRA or similar account or it's a permanent withdrawal. If you do redeposit, it's an indirect rollover. That's what Vang...
by benevo
Thu Apr 20, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA transfers, indirect rollovers, contributions, oh my!
Replies: 7
Views: 559

Re: Roth IRA transfers, indirect rollovers, contributions, oh my!

In that case, your only options are to do a direct custodian transfer, which you tried ran into a roadblock, or an indirect rollover. Otherwise, if you take the money out you've lost the Roth space forever, and might owe some tax on any gains. Follow Vanguard's lead on how to do that. What do you m...
by benevo
Wed Apr 19, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA transfers, indirect rollovers, contributions, oh my!
Replies: 7
Views: 559

Re: Roth IRA transfers, indirect rollovers, contributions, oh my!

To clarify, does this Roth just have 2017 contributions? Even if you withdrew earlier ones, you couldn't put them into a new Roth somewhere else unless it's an indirect rollover (you only one in a 12-month period). Your question is uncomfortably vague. Apologies! It was an account established in la...
by benevo
Wed Apr 19, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA transfers, indirect rollovers, contributions, oh my!
Replies: 7
Views: 559

Roth IRA transfers, indirect rollovers, contributions, oh my!

Hi gang! I'm moving my roth IRA from Ameriprise to Vanguard. I initiated the automated transfer, but Ameriprise requires a medallion guarantee and as the majority of my banking is online, it is a hassle to get that signed. So, to circumvent this option, and because my current Ameriprise roth IRA is ...
by benevo
Wed Apr 12, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidate, keep apart, or overthinking?
Replies: 5
Views: 527

Re: Consolidate, keep apart, or overthinking?

Thank you all for the feedback and advice! If you keep them at separate financial institutions, then you will not make the mistake of making a transaction in the wrong account. :) If you have accounts at both Fidelity and Vanguard, then you will see how each of them treats their customers. You will ...
by benevo
Wed Apr 12, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Consolidate, keep apart, or overthinking?
Replies: 5
Views: 527

Consolidate, keep apart, or overthinking?

Good morning! I am trying to determine if (A) I should consolidate both my roth IRA and my 401(k) to the same provider, (B) keep them separate, or (C) it simply does not matter. My 401(k), which started as a 403(b) when I began my career 7 years ago, was in Fidelity from 2010-2015. In 2015 I changed...
by benevo
Thu Apr 06, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Both a cash and investment roth IRAs?
Replies: 3
Views: 315

Re: Both a cash and investment roth IRAs?

fabdog wrote:Schwab may do a better job of "hand holding" you thru the process if you feel unsure, good phone support


Thanks for this good point! Would you suggest their regular roth IRA or doing it through Intelligent Portfolios, in order to get the hand holding? https://intelligent.schwab.com/
by benevo
Thu Apr 06, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA SCHWAB
Replies: 12
Views: 1092

Re: Roth IRA SCHWAB

Vanguard was my first choice too, but actually I am happier at Schwab and have zero reasons to want to be at Vanguard instead. Hi there! As someone looking to move my roth IRA to either Vanguard or Schwab, and frankly having no clue how to pick as they seem so similar, can you expand upon why you'r...
by benevo
Thu Apr 06, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Both a cash and investment roth IRAs?
Replies: 3
Views: 315

Both a cash and investment roth IRAs?

Hi gang, Currently, I have a roth IRA that my Ameriprise financial adviser set me up with (the IRA itself is with Ameriprise). I will be leaving him/Ameriprise, and moving that IRA to either Vanguard or Schwab (I can't decide yet, they seem so similar and both have managed and non-managed solutions!...
by benevo
Thu Apr 06, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting vs Tracking Expenses?
Replies: 42
Views: 3640

Re: Budgeting vs Tracking Expenses?

I am a Ynaber too. The thing about YNAB is it is not just a software but a methodology (which is more important). This is so, so true. YNAB is truly worth the yearly fee, even if simply to thank them for the methodology and tips. It's a great way to see exactly where your budgeted/liquid money is, ...
by benevo
Thu Apr 06, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1576

Re: How is my situation? Becoming a Boglehead!

Chris001122 wrote:Read the books on the reading list here.


Good morning and thanks for your tips! Just ordered one yesterday. :)

When setting up the roth IRA, would you agree with above comments regarding which investment(s) to pick for it (2050/VFIFX) or would you have a different opinion?
by benevo
Wed Apr 05, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1576

Re: How is my situation? Becoming a Boglehead!

Here are my plan's investment options & gross expense ratios The best options in the 401k are: ⋅ VANGUARD INST INDEX (VINIX) - 0.04% -- Large caps, 80% of US stocks ⋅ VANG EXT MKT IDX INS (VIEIX) - 0.07% -- Mid/small caps, 20% of US stocks ⋅ VANG TOT INTL STK IS (V...
by benevo
Wed Apr 05, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1576

Re: How is my situation? Becoming a Boglehead!

This is a very strong bias towards small and mid cap. Is there a particular reason you're deviating so far from "owning the entire haystack"? A total stock market is roughly 80% s&p 500 and 20% VANG EXT MKT IDX. And the s&p 500 is large cap, and generally tracks most of the total ...
by benevo
Wed Apr 05, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1576

Re: How is my situation? Becoming a Boglehead!

I strongly recommend paying off your student loans as soon as possible. 6.8% (or even 4.69% if you refinance) is a high interest rate in today's environment. Thanks for this comment. I will run some numbers and see if I'd be able to do less than 5 years - might be hard though. Variable isn't worth ...
by benevo
Wed Apr 05, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1576

Re: How is my situation? Becoming a Boglehead!

I was going to say the same. This is a very strong bias towards small and mid cap. Is there a particular reason you're deviating so far from "owning the entire haystack"? A total stock market is roughly 80% s&p 500 and 20% VANG EXT MKT IDX. And the s&p 500 is large cap, and genera...
by benevo
Wed Apr 05, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1576

Re: How is my situation? Becoming a Boglehead!

bloom2708 wrote:Can you post all the available 401k options with the Expense Ratios?


I've added it to the bottom of my original post.

Thanks all for the replies, this is great! :)
by benevo
Wed Apr 05, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: How is my situation? Becoming a Boglehead!
Replies: 17
Views: 1576

How is my situation? Becoming a Boglehead!

Good morning! :) I've been interested in better managing my finances for a while now, and am fascinated and interested in the Boglehead theory. I wanted to share my current financial information and some short-term financial goals I have - and would greatly appreciate any thoughts or suggestions. I ...

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