Search found 1388 matches

by krow36
Sun Nov 19, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed—Vanguard 403b
Replies: 7
Views: 344

Re: Advice needed—Vanguard 403b

Does it matter that my 403b is about 72% of my entire portfolio while the Roth is about 23%? Does that have any impact on these decisions ? Also, when making these changes is there any advantage to dollar cost averaging into the new funds? I suspect that your ratio of tax-deferred to Roth is about ...
by krow36
Sat Nov 18, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 15
Views: 1744

Re: Retirement Advice

The Federal TSP is an outstanding provider of a 401k type plan. He should shift his stock to bond ratio from 100% stocks to an asset allocation that is less risky. The L2020 has an AA of 36% stocks to 64% bonds which is much more appropriate for someone retired, than what he is in now. https://www.t...
by krow36
Sat Nov 18, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 15
Views: 1744

Re: Retirement Advice

The easiest and least expensive way for your father to get financial advice would be for him to post on this forum. Using Laura's format for asking questions will give folks the background to be most helpful. Asking Portfolio Questions For a book on the subject, I recommend How to Make Your Money La...
by krow36
Wed Nov 15, 2017 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Too much risk for early retirement?
Replies: 21
Views: 3149

Re: Too much risk for early retirement?

At a simple level, we have $3.2 million in investments. All but $800K is in tax deferred retirement accounts (IRA, 403b, 457). The 457 account can be accessed without any penalty as soon as employment with the plan's sponsor ends. If the 403b account is with the current employer, upon separation di...
by krow36
Mon Nov 13, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Hope I am doing this correctly ;)
Replies: 6
Views: 1002

Re: Hope I am doing this correctly ;)

So the Schwab portfolio includes a taxable account and also a IRA or retirement account? It would be very helpful if you used Laura’s format for asking questions: Asking Portfolio Questions template The taxable account is the challenge and needs to be separated out of the total. They have put you in...
by krow36
Mon Nov 13, 2017 1:22 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) - pushing annuity?
Replies: 12
Views: 1055

Re: 403(b) - pushing annuity?

I agree that the NYSDCP is your best option. Very low cost and well run. A 457 DCP plan has advantages over a 403b plan in that you can take a distribution after you quit no matter your age and there is no 10% tax penalty. You need to be 55 to avoid the penalty with the 403b and age 59.5 with an tra...
by krow36
Wed Nov 08, 2017 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Young(er) and starting to invest. HELP!
Replies: 6
Views: 493

Re: Young(er) and starting to invest. HELP!

Husbands 401k - max contribution IRA's - Every time I read about this I'm confused. I can open them for me and my husband but it sounds like I don't get any tax benefits because of our high income. Is that correct? Should we still contribute the $5500 for each of us each year? You can each contribut...
by krow36
Tue Nov 07, 2017 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: transferring from Edward Jones to Vanguard question
Replies: 5
Views: 503

Re: transferring from Edward Jones to Vanguard question

Yes it sounds correct. It's not likely that you should keep the EJ funds because they are no doubt high fee managed funds. At Vanguard you should buy low-cost index funds. As long as you exchange the EJ funds for a cash MM fund within the Roth IRAs, there are no tax consequences. Then contact Vangua...
by krow36
Tue Nov 07, 2017 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: So new, it hurts to even think about it.
Replies: 25
Views: 4590

Re: So new, it hurts to even think about it.

Thank you for replying Badbreath, I like the idea of only having 3 funds. I'm curious as to why you suggested the funds you did. I see you picked the funds with the lowest ER. Is this the sole basis? No, but it's a very important factor. Low cost has been found to be a major indicator of long-term ...
by krow36
Tue Nov 07, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: 40 year old couple; Portfolio Critique
Replies: 7
Views: 1864

Re: 40 year old couple; Portfolio Critique

I don’t think there’s a “should” when it comes to bonds. It can vary a lot without making a lot of difference. BH’s usually recommend holding bond funds in tax-deferred accounts rather than in a taxable account, as you are doing. And if in taxable, use tax-exempt, as you are doing. Many prefer using...
by krow36
Sat Nov 04, 2017 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: roth ira transfer
Replies: 3
Views: 234

Re: roth ira transfer

Same for transfers. The 5.5k contribution limit per year is only for moving your money into an IRA. Shifting money that's already in an IRA isn't part of the 5.5k contribution limit. :happy
by krow36
Sat Nov 04, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: TIRA (with Non-Deductible Contributions) Transfer to Vanguard and Convert to Roth
Replies: 4
Views: 232

Re: TIRA (with Non-Deductible Contributions) Transfer to Vanguard and Convert to Roth

Do I have this right? Neither State Farm nor Vanguard know (or care) whether FIL has a deductible or nondeductible TRA or some of both. They don't have access to FIL's 1040. It is assumed by the IRS to be all deductible, and taxable when converted to a Roth IRA. The IRS Form 8606 will inform the IRS...
by krow36
Sat Nov 04, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2759

Re: PRIMECAP Fund

I've had PRIMECAP in my tIRA and Roth IRA for about 20 years. :D I sold some recently to rebalance. :( Most of the rest of our portfolio is in Vanguard index funds.
by krow36
Fri Nov 03, 2017 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) - pushing annuity?
Replies: 12
Views: 1055

Re: 403(b) - pushing annuity?

The school district should have a list of vendors that are allowed to offer 403b plans and also 457 plans. The lists are usually available on the district's website. It's common for most of the vendors on the list to be insurance companies selling annuity-based 403b plans. You should avoid even talk...
by krow36
Fri Nov 03, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Should I max out 403(b) on last check?
Replies: 9
Views: 846

Re: Should I max out 403(b) on last check?

I think I'd put the 9k in the taxable account and invest it at your asset allocation.
by krow36
Fri Nov 03, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: 40 year old couple; Portfolio Critique
Replies: 7
Views: 1864

Re: 40 year old couple; Portfolio Critique

You have probably already read these FIRE (Financial Independence, Retire Early) forums and blogs, but I’ll list them for others: https://forum.mrmoneymustache.com/investor-alley/ http://www.early-retirement.org/forums/ http://rootofgood.com/early-retirement-plans/ http://www.millionaireeducator.com...
by krow36
Fri Nov 03, 2017 1:02 am
Forum: Investing - Help with Personal Investments
Topic: 40 year old couple; Portfolio Critique
Replies: 7
Views: 1864

Re: 40 year old couple; Portfolio Critique

Are you maxing out your 401k's? Are you both contributing to IRA's? I would max the 401k's and the IRA's before adding more to taxable. I think your AA of 75/25 is reasonable for your age and FIRE goal. Does your 10 years living expenses in taxable include health care? Keep up the good work! :)
by krow36
Thu Nov 02, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: [Help with Edward Jones account - SIMPLE IRA]
Replies: 30
Views: 2795

Re: [Help with Edward Jones account - SIMPLE IRA]

This is what you’ve told us you have: EJ Guided Solutions Flex SIMPLE IRA account, 25k with an AUM fee of 1.08% and unknown fund expense ratios. It is receiving your current SIMPLE contributions. EJ grandfathered SIMPLE IRA account, unknown size, with unknown ERs EJ grandfathered traditional IRA acc...
by krow36
Thu Nov 02, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Break My Love Affair With Fidelity Low Priced Stock
Replies: 76
Views: 5984

Re: Help Me Break My Love Affair With Fidelity Low Priced Stock

Have you compared its return to that of Vanguard's Extended Market Index fund? If you use Vanguard's Compare tool, you'll see Extended Mkt has done better over last 1, 3 and 5 years and about equal over last 10 years.
Fidelity's Extended Market Index fund would no doubt be similar.
by krow36
Thu Nov 02, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: [Help with Edward Jones account - SIMPLE IRA]
Replies: 30
Views: 2795

Re: [Help with Edward Jones account - SIMPLE IRA]

552, are you also aware of this rollover/transfer option? https://www.irahelp.com/slottreport/2-year-rule-all-simple-ira-owners-should-know Paul Yes I am aware. But I still need to set up the new Company SIMPLE at one of the other FI in order to have the employees and company current contributions ...
by krow36
Thu Nov 02, 2017 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Help with starting a 457(b)
Replies: 6
Views: 540

Re: Help with starting a 457(b)

Empower Retirement seems to have the lowest intermediate-term bond fund option with their iShares U.S. Aggregate fund. Valic offers a Vanguard Total Stock Market fund and a decent TIPS fund with the American Century Inflation Adjusted Bond fund. And Voya offers the Vanguard Long Term Bond Index fun...
by krow36
Thu Nov 02, 2017 1:33 am
Forum: Investing - Help with Personal Investments
Topic: American Funds vs. benchmark on American Funds website?
Replies: 25
Views: 1265

Re: American Funds vs. benchmark on American Funds website?

The Vanguard website allows you to compare the returns over 1, 3, 5 and 10 years of a Vanguard fund and a long list of American Fund funds. For example, select VG’s 500 Index Adm. Select the “Compare” option and then “Add fund”. Then choose “Other fund families” and American (load). You can enter a...
by krow36
Thu Nov 02, 2017 1:11 am
Forum: Investing - Help with Personal Investments
Topic: American Funds vs. benchmark on American Funds website?
Replies: 25
Views: 1265

Re: American Funds vs. benchmark on American Funds website?

If you want to show your friend the effect of costs over time, Vanguard has a great tool to compare one of their funds with another company's fund. https://personal.vanguard.com/us/FundsCostCompare You enter a principal ($10,000?), a time of investment (20 yrs?), an assumed rate of return (8%?) and...
by krow36
Wed Nov 01, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds vs. benchmark on American Funds website?
Replies: 25
Views: 1265

Re: American Funds vs. benchmark on American Funds website?

If you want to show your friend the effect of costs over time, Vanguard has a great tool to compare one of their funds with another company's fund. https://personal.vanguard.com/us/FundsCostCompare You enter a principal ($10,000?), a time of investment (20 yrs?), an assumed rate of return (8%?) and ...
by krow36
Wed Nov 01, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds vs. benchmark on American Funds website?
Replies: 25
Views: 1265

Re: American Funds vs. benchmark on American Funds website?

The Vanguard website allows you to compare the returns over 1, 3, 5 and 10 years of a Vanguard fund and a long list of American Fund funds. For example, select VG’s 500 Index Adm. Select the “Compare” option and then “Add fund”. Then choose “Other fund families” and American (load). You can enter a ...
by krow36
Wed Nov 01, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help with starting a 457(b)
Replies: 6
Views: 540

Re: Help with starting a 457(b)

I agree with mega317 that Nationwide is a very reasonable choice.
by krow36
Tue Oct 31, 2017 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's 403b and Required Minimum Distribution(RMD)
Replies: 9
Views: 669

Re: Mom's 403b and Required Minimum Distribution(RMD)

Bond funds in a taxable account generate dividends which are taxed at your parent's income tax rate (15%?). The Total Stock Mkt Index fund generates mostly "qualified" dividends which are taxed at 0% in the 15% income tax bracket. That's why it probably better to have your bond fund in the 403b. :ha...
by krow36
Tue Oct 31, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring Voya 403b to another Annuity.
Replies: 12
Views: 789

Re: Transferring Voya 403b to another Annuity.

I currently have my 403b with Voya and just retired. Looking to find another company to transfer $250,000 into their annuity fund. Should I just stay there at age 62 or move the funds into (for example) a Vanguard annuity? I have no surrender fees. I met with a financial group wanting to sell my wi...
by krow36
Tue Oct 31, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: [Help with Edward Jones account - SIMPLE IRA]
Replies: 30
Views: 2795

Re: [Help with Edward Jones account - SIMPLE IRA]

I believe that EJ can use their own forms if they conform to the IRS regulations. There's room for them in their forms to de-emphasize the features of the SIMPLE they don't like. Like the Form 5304 giving the employee the right to select their FI. It's probably buried in one of their documents that ...
by krow36
Tue Oct 31, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: [Help with Edward Jones account - SIMPLE IRA]
Replies: 30
Views: 2795

Re: [Help with Edward Jones account - SIMPLE IRA]

OK, it looks like you may be stuck with EJ for your 2018 SIMPLE. It's unfortunate that you didn't get this straightened out several months ago. However, you can accomplish a similar result by encouraging your employees to follow the steps of your employee who makes transfers to Fidelity. And you cou...
by krow36
Tue Oct 31, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: [Help with Edward Jones account - SIMPLE IRA]
Replies: 30
Views: 2795

Re: [Help with Edward Jones account - SIMPLE IRA]

After I posted the above message I pulled out my Edward Jones Simple IRA Summary Plan Desc & Employer Contribution Notice and I adopted the 5304 Simple IRA plan. So does this mean employees can choose whatever financial institution they want? I see that Edward Jones is listed as the Custodian. I am...
by krow36
Mon Oct 30, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover Previous 403b & 401k into current 401k or IRA?
Replies: 6
Views: 410

Re: Rollover Previous 403b & 401k into current 401k or IRA?

I think the ability to take a distribution from a 403b or a 401k without penalty starting at age 55 has a restriction that rules out your 403b from a previous employer. It's only allowed if the 403b or 401k is the one you have when you retire. So if you retired at 55 from your present job, you coul...
by krow36
Mon Oct 30, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: [Help with Edward Jones account - SIMPLE IRA]
Replies: 30
Views: 2795

Re: [Help with Edward Jones account]

It’s not difficult to fill out the IRS Form 5304-SIMPLE IRA. https://www.irs.gov/pub/irs-pdf/f5304sim.pdf You still have 2 days to meet the deadline of passing them out to the employees before Nov 2. If you would like help with it, just ask. If you would prefer to ask questions using Private Message...
by krow36
Mon Oct 30, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover Previous 403b & 401k into current 401k or IRA?
Replies: 6
Views: 410

Re: Rollover Previous 403b & 401k into current 401k or IRA?

I think the ability to take a distribution from a 403b or a 401k without penalty starting at age 55 has a restriction that rules out your 403b from a previous employer. It's only allowed if the 403b or 401k is the one you have when you retire. So if you retired at 55 from your present job, you could...
by krow36
Mon Oct 30, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or Sell?
Replies: 13
Views: 984

Re: Keep or Sell?

iShares MSCI Global Silver Miners ETF | SLVP
I agree with Dottie57. Why did you buy it in the first place? Have the reasons changed? If it were me, I'd sell, but then I wouldn't have bought it to begin with. :happy
by krow36
Mon Oct 30, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: [Help with Edward Jones account - SIMPLE IRA]
Replies: 30
Views: 2795

Re: [Help with Edward Jones account]

lalainvest552 post_id=3596287 time=1509396357 user_id=121128] Not yet. Will have to wait until next year now as I had to provide the info to all eligible employees already. You only have to hand out the IRS Form 5305 or 5304 before Nov 2. You still have 2 days. Then the employees have 60 days to ret...
by krow36
Mon Oct 30, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: SIMPLE IRA at Edward Jones uses Form 5305-SA: Notification Period starts Nov 2
Replies: 2
Views: 245

Re: SIMPLE IRA at Edward Jones uses Form 5305-SA: Notification Period starts Nov 2

I missed the 10. Notification Requirements of Employer in the Disclosure Statement. Thanks for pointing it out. It seems likely that the employee probably not going to look it up in Pub. 560. Maybe not the employer either? Fidelity also uses a Form 5305-SA and explains the notification period in Art...
by krow36
Mon Oct 30, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: [Help with Edward Jones account - SIMPLE IRA]
Replies: 30
Views: 2795

Re: [Help with Edward Jones account]

Have you set up the new SIMPLE IRA for your business yet?
by krow36
Mon Oct 30, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help selecting Vanguard Funds
Replies: 9
Views: 838

Re: Need Help selecting Vanguard Funds

The 10k minimum is for an Admiral class VG index fund. The same mutual fund has an Investor class with a 3k minimum. When the Investor class fund balance reaches 10k, VG will change it to an Admiral class fund (with its lower expense ratio).
by krow36
Mon Oct 30, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: SIMPLE IRA at Edward Jones uses Form 5305-SA: Notification Period starts Nov 2
Replies: 2
Views: 245

SIMPLE IRA at Edward Jones uses Form 5305-SA: Notification Period starts Nov 2

Unlike the IRS Form 5305-SIMPLE IRA and Form 5304-SIMPLE IRA, the Form 5305-SA has no mention of the 60 day Notification Period which starts November 2 every year. To continue using a SIMPLE IRA for the coming calendar year, the employer is required to give the employees a copy of the form before No...
by krow36
Sun Oct 29, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Question
Replies: 7
Views: 624

Re: 403b Question

It's possible that Lincoln Investment has a lower cost vender than Aspire. Lincoln Investment is only available in certain states, all of NJ, sometimes NY and IL, possibly others. Their DIY option charges $60/year but no additional percent on Vanguard's Admiral class funds. https://www.bogleheads.or...
by krow36
Sun Oct 29, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Ohio Teacher
Replies: 10
Views: 990

Re: Ohio Teacher

OP states he is NOT paying into Social Security. OP are you in the default Defined Benefit option of STRSOH? I see that there are also a Defined Contribution option and a combination option. The STRSOH website explains that if you leave STRSOH after 5 years, they will provide 150% of your contributi...
by krow36
Sun Oct 29, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Question
Replies: 7
Views: 624

Re: 403b Question

portiadeans1, welcome to the forum! A 403b using a self-directed Aspire account is a good choice. That's assuming that you use low-cost index funds such as those at Vanguard's or Fidelity's. It's possible there are other providers on the district's list. Please post all the possibilities as some are...
by krow36
Fri Oct 27, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: RMD amount for IRA vs 403b (IRS instructions?)
Replies: 12
Views: 624

Re: RMD amount for IRA vs 403b (IRS instructions?)

The calculation for the RMD from an 403b and an IRA is exactly the same. I had RMDs from both accounts my first year (before moving the 403b to my Vanguard IRA).
by krow36
Thu Oct 26, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Max Tax Deferred Contribution in 1 Year
Replies: 18
Views: 1404

Re: Max Tax Deferred Contribution in 1 Year

Can your wife contribute to a 457 plan? TX state employees have one available I believe: http://www.fascore.com/PDF/Texas/compare_401k_457.pdf Perhaps she is a K-12 school employee? If so, her district may have a list of possible 457 providers? I have checked with the school district and state reti...
by krow36
Thu Oct 26, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Max Tax Deferred Contribution in 1 Year
Replies: 18
Views: 1404

Re: Max Tax Deferred Contribution in 1 Year

Can your wife contribute to a 457 plan? TX state employees have one available I believe: http://www.fascore.com/PDF/Texas/compare_401k_457.pdf
Perhaps she is a K-12 school employee? If so, her district may have a list of possible 457 providers?
by krow36
Wed Oct 25, 2017 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Setting Up 5304 SIMPLE IRA with Vanguard
Replies: 4
Views: 320

Re: Setting Up 5304 SIMPLE IRA with Vanguard

Thanks for the report! It's helpful to have a success story to link to. And your thread should turn up in a BH search.:D
by krow36
Wed Oct 25, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Should you rebalance when you’re in your seventies?
Replies: 25
Views: 2492

Re: Should you rebalance when you’re in your seventies?

Does your pension have a COL adjustment? You could live another 20 or more years! I think your asset allocation is still worth keeping to. We're in our early 80s, have an AA of 40/60 stocks/bonds and have set a 5% band for rebalancing. It got to 45/65 a few days ago and I sold some stock fund, bough...