Search found 307 matches

by lazylarry
Sat May 27, 2017 10:49 am
Forum: Local Chapters and Bogleheads Community
Topic: Online group meetings via web conference? [Virtual online chapter]
Replies: 35
Views: 3090

Re: Online group meetings via web conference? [Virtual online chapter]

I've been busy, but finally have time to revive this. Anybody still interested? I will make a list and start the group if it is ok with the admins. Will use Zoom. If anybody else wants to organize this (as long as they actually do that) that's fine by me.
by lazylarry
Wed May 24, 2017 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: After tax efficient investment
Replies: 13
Views: 1139

Re: After tax efficient investment

When do you need the money? -Are you doing backdoor Roth IRA ? Or is it worth it (don't know your tax bracket)? -If you may need the money, most people would put it in something like a tax-free muni bond fund or something like VBIIX/VBSIX as a "emergency fund" type deal. Tax efficiency wou...
by lazylarry
Thu May 18, 2017 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs pre-tax with higher income in the future
Replies: 10
Views: 873

Re: Roth vs pre-tax with higher income in the future

Thanks for your reply! I was referring primarily for Roth vs "traditional" 401k (TSP) for myself. I think most of what I said before applies. We file separately (at least for now) due to optimizing income-based loan payments w/ public service loan forgiveness in 10 years. Don't know a ton ...
by lazylarry
Wed May 17, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs pre-tax with higher income in the future
Replies: 10
Views: 873

Re: Roth vs pre-tax with higher income in the future

-Read White Coat Investor if you haven't already. -I assume you are talking about Roth IRA vs 401k contributions -also assume you are contributing up to match in 401k -I think you will get differing opinions here. While you are still in the 25% tax bracket, it's slightly unclear whether you will be ...
by lazylarry
Sun May 14, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason to NOT rollover SEP IRA to 401k?
Replies: 4
Views: 383

Re: Any reason to NOT rollover SEP IRA to 401k?

Only theoretical reason would be if the 401k had higher ERs or other fees. But the fact that you are clearing for backdoor Roth IRA makes that point moot.
by lazylarry
Sun May 14, 2017 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help Selecting from limited Employer 401k Plan Options
Replies: 5
Views: 438

Re: Help Selecting from limited Employer 401k Plan Options

I like how you listed how long you will be in retirement for, that's an interesting fact that most of us don't know. Also, my personal opinion is not liking Lifestrategy because I believe AA should change based on how far away from retirement you are, as it does in target date. Anywho this is the re...
by lazylarry
Sun May 14, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: 403B with high expense ratio's and insurance wrappers
Replies: 8
Views: 570

Re: 403B with high expense ratio's and insurance wrappers

This depends on a few things and we need more info, but even fees that high would still probably make the 403b a decent bet. There are several prior threads about this (more about 401ks with high expense ratios),
by lazylarry
Thu May 04, 2017 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Priority of Retirement Accounts
Replies: 18
Views: 1617

Re: Priority of Retirement Accounts

By matches at 5%, I assume you mean matches up to 5%. Also you should post as per the sticky (see my sig) but I'll give you advice on what you have. 1 - Yes at least get the match. That's free money. 2 - Your second question confused me. If you have a traditional 401k, that should be the next invest...
by lazylarry
Thu May 04, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Advice
Replies: 3
Views: 366

Re: Investing Advice

I would slightly disagree with the above poster. If it's for family inheritance, you can definitely take advantage of the step-up in basis upon inheritance, and have a higher equity:bond ratio, I would probably do something like 80/20, if that is reasonable for your family members given their age. I...
by lazylarry
Thu May 04, 2017 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Who am I looking for?
Replies: 5
Views: 914

Re: Who am I looking for?

Are you looking for someone to help you with a complicated tax situation? What part of the finances do you exactly need help with? -Would consider a flat-fee advisor -May be that you need an accountant moreso than financial advisor -I'd probably say at least the "level" of a CFP, or higher...
by lazylarry
Thu May 04, 2017 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Contribution/Withdrawal Question
Replies: 7
Views: 579

Re: Roth IRA Contribution/Withdrawal Question

Caveat that I haven't done this but:
Yes you can def withdraw and redeposit.
No reporting requirements as far as I know.
by lazylarry
Wed May 03, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Trad 401k or Roth 401k - invest in both?
Replies: 8
Views: 4211

Re: Trad 401k or Roth 401k - invest in both?

edit - that seems high for state tax rate, but even another reason to go to t401k, particularly if you retire out of state. Top of 25% federal bracket for 2017 for single is 91,900. The CA 9.3% bracket for 2016 starts at 51,530. So at $100K/year, 25% and 9.3% seem correct after deduction and exempt...
by lazylarry
Wed May 03, 2017 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: 57 - Retirement Portfolio Review - Am I on the right track.
Replies: 4
Views: 1018

Re: 57 - Retirement Portfolio Review - Am I on the right track.

IMHO, -you are far too aggressive given your age, unless you plan to retire at 70 and even then it's aggressive. Bad experiences with companies does not mean a fund is bad. If there is a market downturn then your savings will be severely hit in the early retirement phase which is quite bad. -get rid...
by lazylarry
Wed May 03, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investing in my ROTH IRA
Replies: 7
Views: 636

Re: Help with investing in my ROTH IRA

-Why that random fund? You miss small caps. consider VTSMX. -You should do Roths and max for you and wife -kids? 529? -could do bonds in Roth (they are better in a 401k though) or tax-exempt in taxable is fine also -Yes you can put your money in a taxable. Look at: https://www.bogleheads.org/wiki/Ge...
by lazylarry
Wed May 03, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Trad 401k or Roth 401k - invest in both?
Replies: 8
Views: 4211

Re: Trad 401k or Roth 401k - invest in both?

Well this also depends on how much you withdraw in retirement. If you plan on withdrawing $200k a year, then obviously Roth 401k is better. But if you're a normal person, and you are withdrawing 4%, then the top of the 25% tax bracket for single - 91k/0.04 = ~2.3 million. At your 30k/yr for 20 yrs, ...
by lazylarry
Mon May 01, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Question - Can I contribute to an IRA?
Replies: 11
Views: 872

Re: IRA Question - Can I contribute to an IRA?

I'm fairly new to personal finance and have lately taken a serious interest in it. I've had a bunch of money sitting on the sidelines for a while, and now I'm trying to deploy some more of it. Welcome to bogleheads!! Mortage rate? Yes whole life insurance sucks My question is, outside of my 401k wh...
by lazylarry
Mon May 01, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Holding off investing till end of year?
Replies: 4
Views: 857

Re: Holding off investing till end of year?

I have 2 income sources, main fixed income and minor variable. DW working for another (not a main, small, variable income) while looking for a full time job (she was about to get a state job but didn't happen) :( . If we are going to do same average for the variable income for the rest of the year,...
by lazylarry
Mon May 01, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Questions re: Backdoor conversion from Roth to Trad. IRA
Replies: 3
Views: 310

Re: Questions re: Backdoor conversion from Roth to Trad. IRA

I'm assuming that this means all your traditional IRA accounts at every investment company, not just the one with the traditional IRA you are interested in converting. Right? Yes Let's say that we already have a traditional IRA account with a low balance, say $1,000 at another investment company. W...
by lazylarry
Sun Apr 30, 2017 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Reallocating bonds - tax implications?
Replies: 3
Views: 381

Re: Reallocating bonds - tax implications?

As retiredjg said, you can tax loss harvest the bond losses since these are taxable, which is fantastic because they were quite tax-inefficient in your taxable. As for a comparable fund - I'm not sure about that. Obviously due to TLH rules, you can't buy the same fund or identical tax-exempt fund. M...
by lazylarry
Sat Apr 29, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: 5 year cd - to open or not
Replies: 21
Views: 2048

Re: 5 year cd - to open or not

whodidntante wrote:It is risky to assume you will be allowed to break a CD and pay an EWP. This is often true, but not always.


Really? I have never heard of an Ally CD that Ally did not allow to break? I know its in the fine print, but not sure about reality.
by lazylarry
Sat Apr 29, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Helping Adult Child with Investment Plan
Replies: 6
Views: 660

Re: Helping Adult Child with Investment Plan

-New car and house purchases are big. You would need to save for this earlier, could place funds in short term bond fund or CD. -Unclear about taxable - are these funds in fidelity brokerage now. How are the gains on these? Depending on that, I would probably sell and go to 3-fund or your desired al...
by lazylarry
Sat Apr 29, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: 5 year cd - to open or not
Replies: 21
Views: 2048

Re: 5 year cd - to open or not

I'd say go for it. CD rate may go up or down, we don't know. However, interest will definitely compound if you put it in.
by lazylarry
Thu Apr 27, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investing cash short term set aside for roth contributions while in grad school
Replies: 15
Views: 692

Re: Investing cash short term set aside for roth contributions while in grad school

Consider Vanguard Short Term Corporate Bond (VCSH) or Short Term Investment Grade (VFSTX). Will have some downside risk but not much. Solid bet to earn some return and good place long term to hold backup emergency funds. I feel like the risk is probably best for you with short term bond funds- 5-10...
by lazylarry
Thu Apr 27, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 5
Views: 490

Re: Allocation help

-noting that you are quite risk-averse - 60/40 is commonly used AT retirement age -FYI bonds are less tax efficient in the Roth IRA. Might wanna swap these out for equities and switch into more bonds in your SIMPLE. -your bond allocation is actually probably higher than 40% b/c most is in post-tax a...
by lazylarry
Thu Apr 27, 2017 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help Transitioning Taxable Account Assets
Replies: 5
Views: 404

Re: Help Transitioning Taxable Account Assets

+1 to both above posters. The other thing to point out is that your target retirement funds are quite stock heavy (90/10) as you noted. You may want to adjust these to target retirement funds with closer dates, in the 401k accounts (just a thought). Also, your international allocation is low. Lastly...
by lazylarry
Thu Apr 27, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Invest my rollover
Replies: 4
Views: 251

Re: Invest my rollover

You also may have the option to keep your 403b which may be advantageous. But yes, read the link.
by lazylarry
Sat Apr 22, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: please advise- are we on target ?
Replies: 17
Views: 1491

Re: please advise- are we on target ?

Good Evening Bogleheads, I am a first time poster and would greatly value your input Would post as per my signature below, we can give better advice that way. Also look at my signature for further links on getting started .We are trying to understand where we stand financially at this time and if w...
by lazylarry
Thu Apr 20, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 12744

Re: Do you have an umbrella policy?

What are things we should look for in an umbrella coverage policies? Or are they generally the same in terms of what they cover? And the best (cheapest) way to get one is just to call around to different insurance agencies (I've heard folks having it through Geico, State Farm, etc)?
by lazylarry
Tue Apr 18, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Taxable Accounts/Passive Income
Replies: 10
Views: 896

Re: Portfolio Advice - Taxable Accounts/Passive Income

Sorry but I just have to ask... if your "After Tax monthly income" is $9951 ($119,412 Annually) how are you able to be within the 15% tax bracket? Especially since that is after tax income.... In the military my Basic Housing Allowance is not taxed as income. Also, tax deductions from my ...
by lazylarry
Tue Apr 18, 2017 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: 35 year old seeking Roth 401K investment help
Replies: 8
Views: 429

Re: 35 year old seeking Roth 401K investment help

Yes at your tax rate, I really doubt that you would have enough saved to be earning enough to warrant a 28% tax rate during retirement. So a traditional 401k is definitely the way to go. Some links in case you did not see them - they are in the stickies on the forum. https://www.bogleheads.org/wiki/...
by lazylarry
Tue Apr 18, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Should I roll out my portion of my pension???
Replies: 7
Views: 761

Re: Should I roll out my portion of my pension???

we need more info, would post as per the link at bottom.
my guess is that you taking the portion now will be better if there are high fees though your tax bracket now and at retirement will determine this.
by lazylarry
Tue Apr 18, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for 30yr old with limited knowledge-Calling all Bogleheads
Replies: 17
Views: 2069

Re: Advice for 30yr old with limited knowledge-Calling all Bogleheads

A sample plan: 401k 20% Fidelity® U.S. Bond Index Fund - Premium Class (Bond) ER .05% 64% FID 500 INDEX PR (Large Cap)-30% Expense Ratio .045% 16% FID SM CAP IDX PR (Small Cap)-10% Expense Ratio .07% Taxable -Sell all and rebuy: 20% VBTLX 60% VTSMX 20% VGTSX -You will pay some marginal capital gains...
by lazylarry
Tue Apr 18, 2017 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: 35 year old seeking Roth 401K investment help
Replies: 8
Views: 429

Re: 35 year old seeking Roth 401K investment help

-need more emergency funds - IMHO 6 months better unless your job is super stable. -international: 20-40% of equities -Why are you looking at Roth 401k investments? Unless there is no traditional 401k, which would be weird. You should be investing in 401k like 99.99% chance given your tax bracket. -...
by lazylarry
Tue Apr 18, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Exchanging the S&P 500 for the TSM
Replies: 16
Views: 2030

Re: Exchanging the S&P 500 for the TSM

Just a note that one potential tax implication would be that IRA's can cause wash sales if you have TSM or S&P500 in a taxable account. You didn't mention if you have a taxable account but I just wanted to throw this detail out there. Wash sale would only apply if S&P500 was in a taxable ac...
by lazylarry
Tue Apr 18, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Taxable Accounts/Passive Income
Replies: 10
Views: 896

Re: Portfolio Advice - Taxable Accounts/Passive Income

-easier if you post everything as a percentage of total assets -Somewhat confused why (or if) your emergency fund in in a taxable account with VASIX. There is stock exposure there and a short-term bond fund seems more appropriate. If there is an economic downturn or bonds drop, can you stomach a 10-...
by lazylarry
Mon Apr 17, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing- future retirement assistance
Replies: 3
Views: 353

Re: New to investing- future retirement assistance

Agree with RSM's general idea. However,more specifically, typically recommend 60-80% domestic equities and 20-40% foreign equities, of your equities. And then 20-30% bonds depending on your tolerance. To replicate total stock market: https://www.bogleheads.org/wiki/Approximating_total_stock_market 8...
by lazylarry
Mon Apr 17, 2017 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for 30yr old with limited knowledge-Calling all Bogleheads
Replies: 17
Views: 2069

Re: Advice for 30yr old with limited knowledge-Calling all Bogleheads

For simplicity, you could go with the first 2 colored funds or add the 3rd for a 3-fund portfolio. Any/all of the others could be added if you choose, maybe later. This target fund is pretty expensive but Vanguard or Fidelity Index target funds would work in a Roth IRA. Total Stock market (or S&...
by lazylarry
Sun Apr 16, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 12744

Re: Do you have an umbrella policy?

What are things we should look for in an umbrella coverage policies? Or are they generally the same in terms of what they cover? And the best (cheapest) way to get one is just to call around to different insurance agencies (I've heard folks having it through Geico, State Farm, etc)?
by lazylarry
Thu Apr 13, 2017 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 30
Views: 3335

Re: 529/son got accepted to medical school whahoooo!

OP Congratulations on your son's acceptance! All - I've never seen anyone on this board advocate that reserves needed in 1-4 years be kept in stocks. Why does putting it in a 529 make it different? I would be advising something like 30/70 now and drop the stocks 10% per year until 100% bonds for th...
by lazylarry
Tue Apr 11, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Tax questions regarding 403b to Roth 401k conversion
Replies: 8
Views: 576

Re: Tax questions regarding 403b to Roth 401k conversion

You may never get a 1099R for the transaction you described because it simply cannot be done. An in plan Roth rollover is limited as the name implies to the same plan. Therefore, you could not transfer a pre tax 403b balance into a Roth 401k, which is a DIFFERENT plan. Perhaps both plans were 403b ...
by lazylarry
Mon Apr 10, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Tax questions regarding 403b to Roth 401k conversion
Replies: 8
Views: 576

Re: Tax questions regarding 403b to Roth 401k conversion

So I've called my custodian multiple times - they kept saying that they would send a 1099-R but didn't (actually they initially said no 1099-R was needed for Roth conversions until I explained it to them). Now I called them and was told that because my conversion was after 12/23/16 (their cutoff for...
by lazylarry
Mon Apr 10, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Looking to open a Roth IRA - need some expert advice
Replies: 8
Views: 891

Re: Looking to open a Roth IRA - need some expert advice

I think that's perfectly reasonable. Yes you could do target fund too - just depends on how much time you have and interest in gaining the experience regarding rebalancing funds. The important thing is that you are saving though :).
by lazylarry
Sun Apr 09, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to open a Roth IRA - need some expert advice
Replies: 8
Views: 891

Re: Looking to open a Roth IRA - need some expert advice

If you really also want to get admiral funds, you could also contribute the base to two or three funds (e.g. $3000 per fund). Then when you get more money, you can just add that one fund and get admiral funds. It's a bit lopsided of a rebalancing but if it's for long term it doesn't matter a ton. FY...
by lazylarry
Thu Apr 06, 2017 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for 30yr old with limited knowledge-Calling all Bogleheads
Replies: 17
Views: 2069

Re: Advice for 30yr old with limited knowledge-Calling all Bogleheads

-would read boglehead guide to investing/getting started in my links -don't look at income, verify that your MAGI is out of range for Roth. Just looking at your 401k contributions, you should be able to contribute somewhat to Roth. -your 401k is unnecessarily complicated. I would get rid of the Mid ...
by lazylarry
Thu Apr 06, 2017 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: TLH at Chase Brokerage, is Original Cost the same as Specific Cost?
Replies: 3
Views: 242

Re: TLH at Chase Brokerage, is Original Cost the same as Specific Cost?

It's not necessarily specific cost, but rather specific ID, such that you get the cost of stocks after adjustment for dividends and stock splits. I think (based on google) that original cost is equivalent to the cost basis except if there were stock splits, dividends etc, and thus is not what you wa...
by lazylarry
Tue Apr 04, 2017 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: How to manage lump sum from real estate sale
Replies: 10
Views: 1316

Re: How to manage lump sum from real estate sale

Obviously you've done a good job of earning/saving/investing, congrats. Definitely would take a look at the "Managing a windfall" wiki. 1-I'd say savings or CD, really whichever has better interest rate. 2-I'd wait some time to really look into this. A CD could be good (consider getting a ...
by lazylarry
Tue Apr 04, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Withdraw from taxable to fund tax advantaged?
Replies: 5
Views: 617

Re: Withdraw from taxable to fund tax advantaged?

-Would at least think about paying off the mortgage. Rate is high enough that I'd ballpark equivalence to a 4.5% annual return pre-tax, which is a risk-free return essentially. -Would run the numbers for retiring early. You have a lot of savings, but you also have a lot of kids. College is expensive...
by lazylarry
Tue Apr 04, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: What's the flaw in this strategy:
Replies: 27
Views: 1989

Re: What's the flaw in this strategy:

It seems so obvious to me, that I must surely be missing something which a Boglehead can point out! Maybe I'm new enough here myself that I find all of the experienced posters belittling your idea to be rather surprising (and glad no one has yet called it "stupid" even if it's just unspok...
by lazylarry
Sat Apr 01, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidate Philippine equities to VTSAX lump sum or cost average?
Replies: 5
Views: 519

Re: Liquidate Philippine equities to VTSAX lump sum or cost average?

I definitely have minimal experience in foreign equities or currency valuations...but lump sum tends to be better in general only because you are spending longer time in a index fund where things are likely to grow (for US index funds at least). I'm not sure what's in your RP portfolio, or if it ref...
by lazylarry
Sat Apr 01, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting Thoughts on 401k Options
Replies: 4
Views: 258

Re: Requesting Thoughts on 401k Options

Not sure if you have taxable, but your internationals might be better served there - e.g. tax-efficient investing. Depending on the amount in your IRAs and 401k, I think it would make most sense then to have the bny index fund in your 401k, bonds/international in ira (you can probably select lower E...

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