Search found 19 matches

by bossballer41
Mon Aug 28, 2017 1:42 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 29
Views: 1473

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

celia wrote: ↑
Sun Aug 27, 2017 6:09 pm
Bossballer41, Do you understand my signature line below?

Then, do you see why your original question doesn't make financial sense?
yes indeed
by bossballer41
Sun Aug 27, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 29
Views: 1473

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

Then you don't need the back door. In that case, you should put money into the SEP IRA and into the Roth IRA each year. If you can save enough, fill both of them. Close. :wink: You need a Modified Adjusted Gross Income for Roth IRA Purposes less than $118K if single or $186K if MFJ to avoid the nee...
by bossballer41
Sun Aug 27, 2017 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 29
Views: 1473

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

I don't think this is right. It's like a regular 401k, you have to close the account down. Not sure you can convert every year. You can contribute to Solo 401k then it will lower your tax bracket and then you maybe able to contribute to Roth IRA as well if you are under the limit. If not then do a ...
by bossballer41
Sat Aug 26, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 29
Views: 1473

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

Let's back up and start over. It is possible I thought you were interested in using the back door for Roth IRA contributions....when you actually were not but others though you should be. It would be helpful to have a better overall picture of what your situation really is. You definitely DO NOT wa...
by bossballer41
Fri Aug 25, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 29
Views: 1473

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

While I think the 3 fund idea is a very good framework, especially for someone starting out, and is as good as any other approach, I am always amazed to see people want to turn otherwise very reasonable portfolios upside down to convert to three fund. It isn't the end all be all. Im not really turn...
by bossballer41
Fri Aug 25, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 29
Views: 1473

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

You need to look into a low cost 401k or Solo 401k. Use Fidelity because they will allow you to roll the SEP IRA into the 401k. Keep this in mind. "Down the road" is not what is important if you mean as you progress in your career. "Down the road" might matter if you have a year with low income. "A...
by bossballer41
Thu Aug 24, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 29
Views: 1473

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

That is what they were referring to, but if the SEP-IRA is subject to taxes down the road, wouldn't the Roth IRA be the one to prioritize? The money that goes into a Roth IRA is subject to taxes now. Thus "which is better?" depends on the tax rate you pay now, vs. the tax rate you would pay down th...
by bossballer41
Fri Aug 18, 2017 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 29
Views: 1473

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

This is a terrible idea. A Roth IRA is tax free. You never pay taxes on any of the earnings. You have already paid taxes on the principle. People pay taxes on purpose just to get IRA money into a Roth IRA. In your SEP, all growth and dividends will eventually be taxable at your marginal rate. Gotch...
by bossballer41
Tue Aug 15, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 29
Views: 1473

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

This is a terrible idea. A Roth IRA is tax free. You never pay taxes on any of the earnings. You have already paid taxes on the principle. People pay taxes on purpose just to get IRA money into a Roth IRA. In your SEP, all growth and dividends will eventually be taxable at your marginal rate. Gotch...
by bossballer41
Tue Aug 15, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 29
Views: 1473

Should I sell and reinvest Roth IRA funds in SEP-IRA?

So I'm in a bit of a predicament, I have a Roth IRA with about $7300 in it through Vanguard and recently setup a SEP-IRA through Vanguard as well that has about $3000. As such, if I could somehow condense the two accounts I would reach the $10K minimum to setup a three-fund portfolio. My understandi...
by bossballer41
Fri Jun 23, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Three-Fund Portfolio - which funds?
Replies: 27
Views: 4758

Re: Starting a Three-Fund Portfolio - which funds?

So I guess the question is, is this still a worthwhile move to Vanguard knowing I will lose that $450? bossballer41: You will need to save hundred's of thousands of dollars for a comfortable retirement. Paying $450 to leave Edward Jones could be the best $450 you will ever spend. Best wishes. Taylo...
by bossballer41
Fri Jun 23, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Three-Fund Portfolio - which funds?
Replies: 27
Views: 4758

Re: Starting a Three-Fund Portfolio - which funds?

So I guess the question is, is this still a worthwhile move to Vanguard knowing I will lose that $450? bossballer41: You will need to save hundred's of thousands of dollars for a comfortable retirement. Paying $450 to leave Edward Jones could be the best $450 you will ever spend. Best wishes. Taylo...
by bossballer41
Wed Jun 14, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Three-Fund Portfolio - which funds?
Replies: 27
Views: 4758

Re: Starting a Three-Fund Portfolio - which funds?

So I guess the question is, is this still a worthwhile move to Vanguard knowing I will lose that $450? bossballer41: You will need to save hundred's of thousands of dollars for a comfortable retirement. Paying $450 to leave Edward Jones could be the best $450 you will ever spend. Best wishes. Taylo...
by bossballer41
Wed Jun 14, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Three-Fund Portfolio - which funds?
Replies: 27
Views: 4758

Re: Starting a Three-Fund Portfolio - which funds?

Taylor, stay tuned :happy bossballer: I will. Best wishes. Taylor Update: I just spoke with the financial advisor from EJ that's been helping me and she told me only about half of the $7500 in my Roth IRA can be transferred in kind to Vanguard; if I want to transfer all of it, she will need to liqu...
by bossballer41
Mon Jun 12, 2017 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Three-Fund Portfolio - which funds?
Replies: 27
Views: 4758

Re: Transferring from Edward Jones to Vanguard

I recently had to make similar decision while opening a backdoor Roth at Vanguard. As others have correctly pointed out the target retirement fund of your choice is the simplest choice and will work just fine, especially if you like to be completely hands off. I chose the ETF version and came up wi...
by bossballer41
Sun Jun 11, 2017 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Three-Fund Portfolio - which funds?
Replies: 27
Views: 4758

Re: Starting a Three-Fund Portfolio - which funds?

Glad to see that you intend contributing $12k per year. What funds are you using in your Roth IRA at Edward Jones? What fees and expenses are you paying there? I hope that you will seriously consider putting all ongoing contributions into your SEP IRA. I just initiated a transfer of my Roth IRA fro...
by bossballer41
Sun Jun 11, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Three-Fund Portfolio - which funds?
Replies: 27
Views: 4758

Re: Starting a Three-Fund Portfolio - which funds?

Hey guys, Overwhelming support already haha, thanks much for all the replies. I will start with the target retirement and try and build it up to $10k as quickly as possible. Welcome to the forum :) . Is this an IRA at Vanguard? If so just pick a target retirement fund suitable to your age, and contr...
by bossballer41
Sun Jun 11, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 1852
Views: 1122655

Re: The Three-Fund Portfolio

LadyGeek wrote:^^^ You're welcome.

New member bossballer41 has a question which I've moved into a stand-alone post, see: Starting a Three-Fund Portfolio - which funds?
Thanks LadyGeek :happy , I wasn't sure where to post it
by bossballer41
Sat Jun 10, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Three-Fund Portfolio - which funds?
Replies: 27
Views: 4758

Starting a Three-Fund Portfolio - which funds?

[Moved into a stand-alone post from The Three-Fund Portfolio -- admin LadyGeek] Probably a dumb question, but I just started my Vanguard retirement account (SEP-IRA) and put $2000 in. When I go to buy shares on the Vanguard site it looks like the minimum is $10,000 (admiral) for the three-fund port...