Search found 48 matches

by captpete
Tue Mar 21, 2017 12:29 am
Forum: Investing - Help with Personal Investments
Topic: Getting company to change 401k custodian
Replies: 15
Views: 687

Re: Getting company to change 401k custodian

Thanks for all the replies. I was about to give up but we are talking about a significant portion of my retirement here so I feel obligated to at least try. I am taking into consideration all of your advice. Thanks again
by captpete
Sun Mar 19, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Getting company to change 401k custodian
Replies: 15
Views: 687

Re: Getting company to change 401k custodian

We have 2900 employees. According to brightscope the plan has 112 million
by captpete
Sun Mar 19, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Getting company to change 401k custodian
Replies: 15
Views: 687

Re: Getting company to change 401k custodian

I don't know any of the costs from other custodians. I guess I will call VG and see if they can help me
by captpete
Sun Mar 19, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Getting company to change 401k custodian
Replies: 15
Views: 687

Getting company to change 401k custodian

Has anyone on here ever been successful getting HR to change the companies 401k custodian over fees. I am composing a letter and adding some excel spread sheets and an article from brightscope and investopiedia to augment my case a bit. Any advice?
Thanks
by captpete
Sun Mar 19, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: 401k worth the fees?
Replies: 10
Views: 923

Re: 401k worth the fees?

Ok guys thanks for the replies. It is very difficult to participate in something I know is mismanaged. I am composing an email to the HR administrator who is responsible for the 401k. I hope she is honest.
Thanks again
by captpete
Fri Mar 17, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: 401k worth the fees?
Replies: 10
Views: 923

Re: 401k worth the fees?

age-35, not planning on working past 50 though
Married filing jointly
tax bracket 28% fed 9% state md
I use the self directed option on 401k so I save 1% which gets it down to 1.25% plus fund fees
No deductible IRA make too much
Back door Roth every year
by captpete
Fri Mar 17, 2017 5:13 am
Forum: Investing - Help with Personal Investments
Topic: 401k worth the fees?
Replies: 10
Views: 923

Re: 401k worth the fees?

I had 118000 as of march of 16' now 150k with 18k I put in. I am not able to calculate a 22% return
by captpete
Fri Mar 17, 2017 1:26 am
Forum: Investing - Help with Personal Investments
Topic: 401k worth the fees?
Replies: 10
Views: 923

401k worth the fees?

Hi all, We recently were able to transfer my wife's SIMPLE IRA to VG from Mainstay target funds, which are terrible. She receives a 3% match and once I found out about the 2 year rule I was thrilled to learn that we can now shelter more income from taxes. However my 401k which is much larger does no...
by captpete
Mon Feb 13, 2017 7:11 pm
Forum: Investing - Theory, News & General
Topic: What is the prediction of future long-term returns for your portfolio?
Replies: 63
Views: 4798

Re: What is the prediction of future long-term returns for your portfolio?

Hi everyone, I was just perusing the forum and found this thread. I am a bit alarmed by some of the posts here. I have anticipated annual return at 7%. That's not including inflation but that was what I am hoping/planning on getting to reach my goals. Also, my 401k requires at least 7% return being ...
by captpete
Mon Jan 30, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 3
Views: 683

Re: HSA question

Ok. That's kinda what I figured.

Thanks
by captpete
Mon Jan 30, 2017 4:48 am
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 3
Views: 683

HSA question

Hello everyone, My wife and I are covered under my insurance through my employer which does not offer a HSA HDHP. She works for a small business, less than 20 employees and is offered a HSA with small match through her employer but no insurance. I asked the owner about it and his answer was that &qu...
by captpete
Fri Jan 27, 2017 6:09 am
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 87
Views: 6282

Re: Volunteering Ideas

Who Dey? I am assuming you are close to Cincy, in which case I recommend City Gospel Mission in OTR. They provide a needed service to the city and the folks they serve have very real needs i.e. mental disorders and drug addiction. You can volunteer your time serving meals or through other means. Loo...
by captpete
Wed Jan 25, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring out of Simple IRA to TIRA
Replies: 9
Views: 720

Re: Transferring out of Simple IRA to TIRA

I was under the impression that I am limited to a yearly transfer? I'll look into this. Thanks for that
by captpete
Wed Jan 25, 2017 3:16 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement 2045 Fund (VTIVX) Question
Replies: 16
Views: 1718

Re: Vanguard Target Retirement 2045 Fund (VTIVX) Question

We are 35/36 and recently adjusted her Roth from 2045 to the 2055 fund. This is also the default fund she is to invest the taxable acct and my retirement accts into if anything should happen to me. It's just too easy. I am considering putting everything into it just so I don't have to do any re-bala...
by captpete
Wed Jan 25, 2017 2:56 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 5091

Re: Edward Jones [Looking for alternatives]

My wife and I went to Raymond James, another high fee brokerage, and were with them for about two years. We had sold a house and had about 150k to invest. A well respected and well intended family member said "Call Raymond James", so we did. I had taken a proactive approach to investing an...
by captpete
Wed Jan 25, 2017 2:33 am
Forum: Investing - Help with Personal Investments
Topic: Transferring out of Simple IRA to TIRA
Replies: 9
Views: 720

Re: Transferring out of Simple IRA to TIRA

Thanks for the response. I have struggled with the 8606 for a while now. I will try to submit a question about it if I can articulate it properly. I understand that our, my wife's and my, IRA's are separate when it comes to basis. Just that her's adds to my confusion. Today I changed her contributio...
by captpete
Tue Jan 24, 2017 3:17 am
Forum: Investing - Help with Personal Investments
Topic: Transferring out of Simple IRA to TIRA
Replies: 9
Views: 720

Re: Transferring out of Simple IRA to TIRA

Thanks for your response. My concern about "Basis" is that I am 2 years into Ira conversions and recharacterizations and trying to navigate the IRA scheme has proven to be quite confusing. I always did our taxes on turbo tax but could not figure out the "Keep track of Basis" opti...
by captpete
Tue Jan 24, 2017 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Transferring out of Simple IRA to TIRA
Replies: 9
Views: 720

Transferring out of Simple IRA to TIRA

Hello everyone, My wife has a "Simple IRA" at work and the investment options are horrible, mainstay target retirement funds she is in the 2050 fund with high loads of 5.75% for A shares and B Shares and a no load C share that charges a 1% annual fee. She has been buying A shares and after...
by captpete
Sat Dec 10, 2016 4:07 pm
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 168
Views: 14041

Re: How Did You Become A Boglehead? What Led You Here?

We were invested with Raymond James and did really well the first year even minus fees the return was great... Until I compared it to the market and realized we under-performed by a significant margin add on the 2.25% in fees we felt violated. I happened upon a book, "The Lazy Person's Guide to...
by captpete
Sat Dec 10, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should you retire early or keep working?
Replies: 28
Views: 3860

Re: Should you retire early or keep working?

I am a Towboat pilot on the Mississippi River. I absolutely love my job. I spend much of my life on the river 8-10 months a year. I love the boat.... I have a number of years to retirement, 25-30, so perhaps by then I won't want to ride the boat as much or maybe I'll get bored and do something else ...
by captpete
Mon Jun 13, 2016 12:31 pm
Forum: Personal Consumer Issues
Topic: Replacement window
Replies: 4
Views: 590

Re: Replacement window

Repair is not possible. Window is deteriorated due to failure of flashing and broken seal. The entire sill plate is rotten and the framing surrounding the large picture window is rotten.
by captpete
Mon Jun 13, 2016 8:46 am
Forum: Personal Consumer Issues
Topic: Replacement window
Replies: 4
Views: 590

Replacement window

Hi everyone, I am replacing a large window, 6'X10', that is actually two double hung windows flanking a large picture window. I was wondering if anyone on here could give me some info on the windows recommended by the contractor. -Lincoln Window Company. Aluminum clad exterior. $3800 -Pinnacle wood ...
by captpete
Sat Apr 30, 2016 5:57 am
Forum: Personal Consumer Issues
Topic: Home Brewing
Replies: 14
Views: 1300

Re: Home Brewing

Thanks for all this great advice. I am going to check out the Brew store in Columbia and go from there. Most of the equipment looks like I can get at home depot so I may get ideas from the Store then fabricate something on my own.
Thanks again everyone :sharebeer :sharebeer
by captpete
Fri Apr 29, 2016 10:34 am
Forum: Personal Consumer Issues
Topic: Toro TimeMaster 30"
Replies: 3
Views: 474

Re: Toro TimeMaster 30"

Not sure what model we had but it was a Toro. Great mower I think it had a 26" cut. We have an acre of lawn and she (wife) cuts it with no problem. Shes about 115lbs but she's a lot stronger than she looks. The Toro was great until I ran over the Water meter inspection port and bent the shaft. ...
by captpete
Fri Apr 29, 2016 10:23 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 729
Views: 126143

Re: Boglehead Beer

National Bohemian out of Baltimore Maryland. It is $15US for a 30 pack and it's easy drinkin'. Great for the fire pit or fishing off the pier. Enjoy it easily with a meal as it is not heavy, great for cook outs or with popcorn while watching a movie. I have one while watching the news. Good also for...
by captpete
Fri Apr 29, 2016 10:03 am
Forum: Personal Consumer Issues
Topic: Home Brewing
Replies: 14
Views: 1300

Home Brewing

Hi everyone, Curious if anyone has had any experience with Brewing Beer at home and if so how they went about it, if you used a "Kit" if so which one and how did it turn out. Also if anyone has successfully accomplished a quality beer from using household appliances in lei of the commercia...
by captpete
Tue Apr 12, 2016 12:34 pm
Forum: Personal Consumer Issues
Topic: The Lawn vs. The Homeowner (guess who's winning)
Replies: 59
Views: 6590

Re: The Lawn vs. The Homeowner (guess who's winning)

Ha, I have bamboo, running bamboo. About a 1/4 acre of it. Planting running bamboo is like getting into a ground war in south east Asia. Every spring I get out a chainsaw and begin the assault. The fight is constant and the enemy never sleeps. Through the summer I battle on taring through clump afte...
by captpete
Mon Mar 28, 2016 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA conversion
Replies: 6
Views: 506

Re: Roth IRA conversion

Wow. So I called VG and got mine sorted out. My wife does not have an alternative to the Simple IRA at work so I guess we will just look at our income level next year to see if we qualify to contribute to the Roth and for now just re-charicterize hers as a TIRA. I wonder what if 2016 we don't exceed...
by captpete
Mon Mar 28, 2016 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA conversion
Replies: 6
Views: 506

Re: Roth IRA conversion

Ok. I guess I need to file an extension then because I don't think I can get this done by 4/15.
To answer your question, yes we were both covered by employer sponsored retirement accounts me a 401K her a simple IRA. So we will not take any deduction for the TIRA, correct?
by captpete
Mon Mar 28, 2016 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA conversion
Replies: 6
Views: 506

Roth IRA conversion

Hi folks, I have received a lot of good information on here concerning fixing a situation with Roth IRA. I am wondering if it is possible to convert specific shares and their gains via the the VG website? I need to convert the shares that my wife and I had invested in the beginning of the year from ...
by captpete
Sat Mar 26, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA penalty
Replies: 10
Views: 1142

Re: Roth IRA penalty

Well there it is. Thanks so much guys. I am indebted to you.
by captpete
Sat Mar 26, 2016 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA penalty
Replies: 10
Views: 1142

Re: Roth IRA penalty

As far as the monies we put into our Roth IRA's at the beginning of 2015 and then exceeded the income limits for Roth IRA's through the year I am still needing to address this issue. I am going to call VG on Monday but I need to know what to say and how to act concerning the "re-characterizatio...
by captpete
Sat Mar 26, 2016 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA penalty
Replies: 10
Views: 1142

Re: Roth IRA penalty

clydewolf,
This is very interesting information. I will definitely look into this as it may help me to avoid some added headaches.
Thank you very much
by captpete
Fri Mar 25, 2016 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA penalty
Replies: 10
Views: 1142

Re: Roth IRA penalty

Gufomel, Thank you for your thoughts, they are much appreciated and I hope that I am able to assist others in the future as you have assisted me. As for the tax situation, it was confusing to me also, first let me explain that I had a 401k that I was able to move a portion over to VG during an acqui...
by captpete
Fri Mar 25, 2016 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA penalty
Replies: 10
Views: 1142

Re: Roth IRA penalty

Thank you so much for this information. This is why this site is so great, people like you.
by captpete
Fri Mar 25, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA penalty
Replies: 10
Views: 1142

Roth IRA penalty

Hi folks, I have realized after I have already filed my 2015 tax return that my wife and I had exceeded the income tax limits for Roth contributions for 2015. We always contribute early and I missed it during filing. For this year I have already completed a "Back door" ROTH. What, if anyth...
by captpete
Tue Feb 16, 2016 2:33 am
Forum: Investing - Help with Personal Investments
Topic: Mom's retirement qustions
Replies: 14
Views: 1792

Re: Mom's retirement qustions

Thanks for all the replies. She does not qualify for SS. Something about the teachers pension. She would qualify for Dad's SS but it is less than her pension. She still owes on her condo which is "under water". I would think this would disqualify her for a reverse mortgage. I know 50k isn'...
by captpete
Mon Feb 15, 2016 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's retirement qustions
Replies: 14
Views: 1792

Re: Mom's retirement qustions

OK. I'll look into this thanks. She's 69
by captpete
Mon Feb 15, 2016 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's retirement qustions
Replies: 14
Views: 1792

Mom's retirement qustions

Hi all, Mom retired last year with a teachers pension which isn't much. She also has about 56k in savings. Is there anything "secure" she could put maybe half or more into that would bring a decent return. I am 34 and hold no bonds and I don't know much about them to give her advice on tha...
by captpete
Tue Feb 02, 2016 4:43 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard energy fund
Replies: 14
Views: 2207

Re: Vanguard energy fund

Valuethinker, Thanks for that insight. I started buying VGELX when oil started falling as a small portion of my portfolio. As it went down continually with no apparent bottom, I began to question whether weekly contributions to this sector could be wasteful with all the talk of transitioning our wor...
by captpete
Tue Feb 02, 2016 2:45 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard energy fund
Replies: 14
Views: 2207

Vanguard energy fund

Hi all, I own VGELX. Vanguard's energy fund. I know its a sector fund and that I should expect volatility. But I'm wondering about whether in the long term oil is simply used less due to pollution regulations and the push to reduce our dependence on fossil fuels. Also I'm curious as to why not a sma...
by captpete
Fri Jan 22, 2016 2:26 am
Forum: Investing - Help with Personal Investments
Topic: Wealth front vs. Vanguard
Replies: 1
Views: 461

Wealth front vs. Vanguard

Hi all, Lately I've been looking at "Tax loss harvesting" and that led me to a company called "Wealthfront" which claims it automatically does this through its software, replacing funds that have lost value with like funds (I'm assuming not "substantially identical"), a...
by captpete
Fri Dec 11, 2015 12:29 am
Forum: Investing - Help with Personal Investments
Topic: 401k company merger
Replies: 6
Views: 639

Re: 401k company merger

Thanks everyone. I was pretty upset. I just need to adjust my plan a bit now and I am writing a letter to Corporate. This community always impresses me with how quick and helpful it is. Again thank you.
Capt. Pete
by captpete
Thu Dec 10, 2015 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: 401k company merger
Replies: 6
Views: 639

401k company merger

Hello, I have a 401k managed by "Empowerment", was J.P. Morgan spinoff, with my current employer. The company I work for is sold to ACBL barge line and they are rolling all our money into the 401k at ACBL managed by "Wellsfargo". The funds I was in at Empowerment were all low cos...
by captpete
Tue Dec 09, 2014 5:11 am
Forum: Investing - Help with Personal Investments
Topic: looking for help with a plan
Replies: 2
Views: 453

looking for help with a plan

Hello, I am currently moving my nest egg over from RJ and to VG. I am interested in any advice on "asset allocation". Here is my current sitiuation. I am leaving RJ after reading a couple of books, "lazy investor", "Bogleheads guide to investing", and learning how activ...
by captpete
Sun Dec 07, 2014 7:06 am
Forum: Investing - Help with Personal Investments
Topic: converting managed funds to index funds
Replies: 7
Views: 663

Re: converting managed funds to index funds

Thank you both for those responses. I will look them over more thoroughly. I did open an account with vanguard and am currently in the process of moving everything over. I am looking over this site for ideas on which indexes to put the cash into. Selling the managed funds going to indexes. Thanks ag...
by captpete
Sun Dec 07, 2014 1:15 am
Forum: Investing - Help with Personal Investments
Topic: converting managed funds to index funds
Replies: 7
Views: 663

converting managed funds to index funds

Hello and thanks to those who started this site and to Mr. Bogle for inspiration. I read The Bogleheads' Guide to Investing book about a year ago and its taken me this long to "break up" with Raymond James. I did the math on excell and found out that RJ was going to eat up anywhere from 18...

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