Search found 4110 matches

by mhalley
Wed Mar 29, 2017 1:39 am
Forum: Investing - Help with Personal Investments
Topic: model portfolio
Replies: 2
Views: 182

Re: model portfolio

It is pretty aggressive, but I was 100% stocks at your age, but knew nothing then. Vanguard target retirement funds don't go below 90% stocks until age 40. The standard age in bonds, or age minus 10-20 in bonds makes me more comfortable now. Check out the tr glidepaths. https://personal.vanguard.com...
by mhalley
Wed Mar 29, 2017 12:53 am
Forum: Investing - Help with Personal Investments
Topic: Increase paycheck TIAA contribution to 18% OR move $100,000 from savings into investments through Vanguard
Replies: 5
Views: 329

Re: Increase paycheck TIAA contribution to 18% OR move $100,000 from savings into investments through Vanguard

Living off the 100k is a short term solution to a long term problem. The general consensus is that you need to save a minimum of 15% of income to retire at "normal" retirement age, more if you plan an early retirement. Check out the simple math according to MMM. http://www.mrmoneymustache....
by mhalley
Wed Mar 29, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 12
Views: 392

Re: Max Out 0% Promo Credit Card

As mentioned above, I don't know if you can get a cash advance at zero percent. Usually the zero percent applies to purchases or transfers. Read your agreement carefully. Most of the zero percent cards I see are stating cash advances at 8% or higher.
by mhalley
Wed Mar 29, 2017 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 12
Views: 392

Re: Max Out 0% Promo Credit Card

I believe you are correct, although the article says "some scoring models" and fico likes to keep their exact models a secret.
by mhalley
Wed Mar 29, 2017 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 12
Views: 392

Re: Max Out 0% Promo Credit Card

What is your total credit limit on all your cards? You don't want to go over 30% or it starts to damage your credit. Credit utilization makes up 30% of your score.The damage won't be permanent, late pays etc are much more damaging. I think but am not certain that the score would improve after the ba...
by mhalley
Wed Mar 29, 2017 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Strategies to put 401k out of stock market
Replies: 5
Views: 282

Re: Strategies to put 401k out of stock market

What was your asset allocation in 2008 and what is it now? No one knows when the next crash will come, and if you do successfully predict it, then you need to be right a second time about when to get back in. You might review Taylors post about what experts say about market timing. Here it is: Advis...
by mhalley
Tue Mar 28, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it
Replies: 17
Views: 1198

Re: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it

Sounds like you need a tax attorney to help straighten it out if you have escalated at fidelity to no avail. You might try contacting some senior executives at fidelity.
http://www.bloomberg.com/research/stock ... pId=163894
by mhalley
Mon Mar 27, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance question and recommendation request
Replies: 8
Views: 402

Re: Life insurance question and recommendation request

I don't know that you can get 250 k in a no questions policy, but if they aren't doing questions it is because they are jacking the rates to make up for the sick people applying for policies, plus there will be restrictions.
by mhalley
Mon Mar 27, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: Clearing customs in Seattle
Replies: 20
Views: 1430

Re: Clearing customs in Seattle

She might look into getting the mobile passport app, it is supposed to speed things up. Seattle seems to be on the list.
http://www.mobilepassport.us/
by mhalley
Mon Mar 27, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance question and recommendation request
Replies: 8
Views: 402

Re: Life insurance question and recommendation request

500k is too little imho. The general rule of thumb is 10-12x income. So a starting point would be 1.5 million at the low end. If you subtracted your current assets, say 750k, that brings it down to 750k, so I would be conservative and get a cool mil. That would generate 40k a year using the 4% swr r...
by mhalley
Sun Mar 26, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance proceeds 15 years after death
Replies: 1
Views: 395

Re: Insurance proceeds 15 years after death

Since the amount is less than 14 k, nothing special needs to be done. She can just write you a check for the 12.5 k.

https://www.irs.gov/businesses/small-bu ... gift-taxes
by mhalley
Sun Mar 26, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA transfer questions [How to title account, RMD]
Replies: 10
Views: 425

Re: Inherited IRA transfer questions [How to title account, RMD]

Improper titling of inherited iras can cause problems. From an answer at Ed Slott website "The titling of an inherited IRA can vary from one IRA custodian to another. The deceased IRA owner’s name must remain on the inherited IRA account title and the account title must indicate that it is an i...
by mhalley
Thu Mar 23, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Reimburse Medical Expenses in "Arrears" with HSA?
Replies: 25
Views: 1078

Re: Reimburse Medical Expenses in "Arrears" with HSA?

Having multiple types of accounts is a great idea. That is why I like Tax Type Account Diversification. I have 401ks (Now IRA's), SERP, Roth IRA, HSA, and a Taxable account. This gives me the most flexibility in determining how I pay my living expenses in retirement. It is always a tradeoff between ...
by mhalley
Thu Mar 23, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1215

Re: Roth v. Traditional allocation

I prefer equity funds (have the most potential for appreciation) to go into the ROTH. I also prefer investing in a roth vs a traditional IRA, but the decision is actually quite complicated.
Review the wiki on the subject.
https://www.bogleheads.org/wiki/Traditional_versus_Roth
by mhalley
Thu Mar 23, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio. Now considering 4
Replies: 6
Views: 588

Re: 3 Fund Portfolio. Now considering 4

As is said on this board, there are many roads to Dublin. Whether your portfolio will outperform a 3 fund portfolio going forward is unknown, but it is not unreasonable at all. I like to read WCI post every once in a while to remind myself that no one knows the right answer to any portfolio question...
by mhalley
Thu Mar 23, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: How did you do your income taxes?
Replies: 96
Views: 3604

Re: How did you do your income taxes?

CPA. The only reason I use mine is that I get a K1 and always have problems with 2 states both wanting to tax me. Otherwise I would use a program.
by mhalley
Thu Mar 23, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Contributions to Simple IRA affecting taxes
Replies: 7
Views: 367

Re: Contributions to Simple IRA affecting taxes

To make it easier, it would be $1000 divided by your tax bracket in percent. So if you are in the 15% bracket. 1000/.15=$6667, 25% bracket, 1000/.25=$4000, 28% $2571, 33%= $3030
by mhalley
Thu Mar 23, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: Justification for Adding REITs
Replies: 62
Views: 3945

Re: Justification for Adding REITs

Some consider REITS to be a further diversifier for equities. This can be both higher or lower (according to the Wiki). So if you have a very long time horizon, you could benefit from those times when the correlation is negative. From an article on the Portoflio Solutions website: "There are tw...
by mhalley
Thu Mar 23, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Reimburse Medical Expenses in "Arrears" with HSA?
Replies: 25
Views: 1078

Re: Reimburse Medical Expenses in "Arrears" with HSA?

What age 65 requirement are you worried about? The 20% penalty? All retirement plans have a penalty, albeit not as severe or as old as 65.As long as you have documentation you can use the money for health expenses at any time. Plus, after 65 you can use it for Medicare premiums.
by mhalley
Thu Mar 23, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Reimburse Medical Expenses in "Arrears" with HSA?
Replies: 25
Views: 1078

Re: Reimburse Medical Expenses in "Arrears" with HSA?

My reading of the IRS hsa pub makes me think you can contribute. Look at it this way. You have a hdhp from jan-june, then change to a non hdhp. Would you be able to contribute (pro-rata) to the HSA in November? If so, then the same thing should apply for contributing until April. But I am certainly ...
by mhalley
Thu Mar 23, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard Funds in Roth account?
Replies: 10
Views: 1062

Re: Which Vanguard Funds in Roth account?

Depends on your overall asset allocation and type of investments available elsewhere. I prefer having investments with greater chance of appreciation in Roth, ie equity funds. So for a boglehead that would be total stock market and or total international stock market. For those that slice and dice, ...
by mhalley
Thu Mar 23, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard merchandise
Replies: 8
Views: 712

Re: Vanguard merchandise

In addition there are services out there that will put any picture/logo on anything. I don't know if the clipper ship is trademarked but I imagine a personal mug would be legal, even using a trademark.
by mhalley
Thu Mar 23, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to minimize increases for apartment rent?
Replies: 18
Views: 1353

Re: How to minimize increases for apartment rent?

Sometimes they'll let you sign a longer lease (say 2 years) if you are a good tenant, thus putting off the yearly increase. The other main negotiating tool is lease comparison, but looks like you are out of luck there.
by mhalley
Thu Mar 23, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard merchandise
Replies: 8
Views: 712

Re: Vanguard merchandise

Fortunately there are many companies that have the name vanguard. For example, here is a generic I love vanguard t shirt. https://www.redbubble.com/shop/vanguard+mens-tshirts?cat_context=m-tees&page=1&accordion=department And mug https://www.redbubble.com/shop/vanguard+mugs?cat_context=u-mug...
by mhalley
Thu Mar 23, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Reimburse Medical Expenses in "Arrears" with HSA?
Replies: 25
Views: 1078

Re: Reimburse Medical Expenses in "Arrears" with HSA?

I think you are being too analytical. An hsa is one of the best tax free options out there. Rather than trying to contribute the exact amount that you spent in medical expenses, you would be better off maximizing the hsa contributions. Many here plan to NOT reimburse their yearly expenses until reti...
by mhalley
Wed Mar 22, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) to Roth IRA conversion; who to go to for IRA
Replies: 1
Views: 142

Re: 401(k) to Roth IRA conversion; who to go to for IRA

All of the things you mention come into play. I have accounts at all 3 of the main boglehead recommended brokerages, (vanguard, fidelity and schwab. I like all 3. I don't think you can go wrong with any of them. There are tons of discussions on this https://www.bogleheads.org/forum/viewtopic.php?t=1...
by mhalley
Wed Mar 22, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Turned 70 & SS Benefits Stuck as Suspended
Replies: 6
Views: 1044

Re: Turned 70 & SS Benefits Stuck as Suspended

Might contact local congressman for help. They often have staff that help expedite we problems.
by mhalley
Tue Mar 21, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: How to harmonize a TSP and a Vanguard portfolio
Replies: 9
Views: 559

Re: How to harmonize a TSP and a Vanguard portfolio

The G fund is compelling due to it not being subject to the fall bond funds will have when interest rates go up. If there are minimal cap gains in the taxable account, this certainly could make sense. OTOH, are you using the money in your taxable account for expenses? I decided I wanted to have bond...
by mhalley
Tue Mar 21, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: How to compare these? (Savings Acc to bonds)
Replies: 2
Views: 180

Re: How to compare these? (Savings Acc to bonds)

Interest, whether in a savings account or bond, is taxed at your tax rate. The difference between the bond and the savings account is that the price of the bond can fluctuate, but the savings account is guaranteed. Bonds will go down when interest rates go up. The amount depends on the duration of t...
by mhalley
Tue Mar 21, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: 27, no investments, please help
Replies: 18
Views: 2173

Re: 27, no investments, please help

Yes, bonds will initially go down with an increase in interest rates. BUT you are in the accumulation phase, so that means that the next time you buy bonds, they will be on sale. Also, it means that the yield from the bond fund goes up as the bond fund replaces maturing bonds with higher yielding on...
by mhalley
Tue Mar 21, 2017 11:15 am
Forum: Investing - Theory, News & General
Topic: Schwab vs Vanguard vs Fidelity - ER fees
Replies: 18
Views: 1494

Re: Schwab vs Vanguard vs Fidelity - ER fees

I think the fees are so close that they are not the number one deciding factor. Factors I would put ahead would be website, simplicity (is is your 401k with one of the 3), perceived customer service, other services you might want (fidelity cash management account and cc, Schwab bank), physical locat...
by mhalley
Mon Mar 20, 2017 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Untangling insurance products?
Replies: 4
Views: 406

Re: Untangling insurance products?

Remember that cheap is not always the way to go on everything. Usaa usually comes out as one of the top in customer satisfaction. Imagine if you had a claim and had to deal with problems getting the insurance to pay what they owe. Looks like a recent jd power survey gave usaa 886 and geico 807 (out ...
by mhalley
Mon Mar 20, 2017 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Issue: What kind of lawyer (or do I not need one yet)?
Replies: 41
Views: 3422

Re: Legal Issue: What kind of lawyer (or do I not need one yet)?

I have absolutely no legal knowledge or expertise. Perhaps you could send them an affidavit stating you have honored the nda. That is basically what the lawyer would do I imagine, or perhaps they would also demand proof of the breach. The lawsuit itself would be public information, but not the outco...
by mhalley
Mon Mar 20, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: IRS letter: employment related identity theft
Replies: 4
Views: 885

Re: IRS letter: employment related identity theft

Perhaps get a pin with the IRS also to prevent them from filing a fraudulent tax return.
https://www.irs.gov/individuals/get-an- ... ection-pin
by mhalley
Mon Mar 20, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Moving American Funds
Replies: 11
Views: 542

Re: Moving American Funds

I mentioned the tax drag in my post, perhaps you could figure that out by looking at your 1099 and adding that to the to the yearly costs. I also thought of another option. Nothing has to be 100%, you could always sell one of the funds now, and hope for a correction as you sell the rest over the nex...
by mhalley
Mon Mar 20, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 2 factor authentication and Mint or Personal Capital
Replies: 12
Views: 902

Re: Vanguard 2 factor authentication and Mint or Personal Capital

My understanding is that 2FA breaks aggregators. I guess you could go into the individual accounts and turn them off, use the aggregators and then go turn them back on. I decided the convenience of the aggregators was worth the small risk of not having 2fa. Instead I get notifications of any trades....
by mhalley
Mon Mar 20, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Moving American Funds
Replies: 11
Views: 542

Re: Moving American Funds

If I did the calculation right, you would recoup the taxes via the lower fees in 10 years. That is not taking into account that you would have to pay more in dividend and capital gains tax each year on the American funds. So the break even point would be less than 10 years, but I am not sure how muc...
by mhalley
Mon Mar 20, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Malpractice Asset Protection
Replies: 18
Views: 1055

Re: Malpractice Asset Protection

I don't think convoluted asset protection schemes are necessary. Max out retirement accounts, good umbrella insurance, title your home as tenants by the entirety,.
http://whitecoatinvestor.com/asset-prot ... the-myths/
http://whitecoatinvestor.com/introducti ... rotection/
by mhalley
Mon Mar 20, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity (probably)
Replies: 51
Views: 4481

Re: Moving from Vanguard to Fidelity (probably)

Since fidelity won't accept vanguard admiral shares, you could always convert to etf before rhe transfer.
by mhalley
Sun Mar 19, 2017 1:18 am
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity (probably)
Replies: 51
Views: 4481

Re: Moving from Vanguard to Fidelity (probably)

Moving to fidelity is fine, but why do you need to talk to a rep? Watch out for a sales pitch on their advisory services. If you are doing it yourself now at vanguard, you can do it yourself there. One thing you could do is review the boglehead wiki fidelity page, or else go through the fidelity go ...
by mhalley
Sat Mar 18, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my mortgage?
Replies: 2
Views: 568

Re: Should I pay off my mortgage?

Why is the rate so high? Bankrate.com says the average 15 yr is 3.2%. Might consider a refi. Paying it down from current income if credit score not high would be better than cashing out 401k. Taking money out of retirement (except Roth) will result in taxes.
by mhalley
Sat Mar 18, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Selling My Unit Trust From EJ
Replies: 2
Views: 268

Re: Selling My Unit Trust From EJ

I would call vanguard and make the trade over the phone. I would imagine they would not have accepted the security if they could not trade it. I took a few minutes to skim the prospectus (shudder)! Check out page 59 which talks about redemption. https://invescodl.fgraphic.com/library/GLDV0171pro.pdf...
by mhalley
Sat Mar 18, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: rewriting will
Replies: 17
Views: 1095

Re: rewriting will

It's her money, she gets to decide who to leave it to. No one said death would be fair! There is always the chance the relationship will improve and she can change the will back. And of course there is always the chance the child can challenge the will. An estate planning attorney should draw up the...
by mhalley
Sat Mar 18, 2017 1:23 am
Forum: Investing - Help with Personal Investments
Topic: Rollover help
Replies: 2
Views: 200

Re: Rollover help

Investing the boglehead way is the same whether you invest 10 thousand or 10 million dollars (assuming in tax advantaged accounts). As your funds grow, you will become eligible for admiral shares and your ers will decrease. Certainly the more you contribute, the more your future wealth will grow. Ha...
by mhalley
Fri Mar 17, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in Retirement - Me 100% Stocks.
Replies: 53
Views: 2921

Re: Asset Allocation in Retirement - Me 100% Stocks.

It depends on how you pay your expenses. If they are covered by your pension/SS, then I would maintain your current aa. If you need them for current or upcoming expenses, say you might need a new hvac, roof, car in the next few years you might just save the money instead of invest.
by mhalley
Fri Mar 17, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Switching funds in Roth IRA
Replies: 5
Views: 541

Re: Switching funds in Roth IRA

There are no taxes or penalties on trades within the Ira. You will have to pay fees if the funds are not on Vanguards ntf list. The money will go into the settlement fund, and from there into the vanguard fund. Here are a couple of links that might help. https://investor.vanguard.com/investing/onlin...
by mhalley
Fri Mar 17, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Plan: Do it myself or use Advisor?
Replies: 41
Views: 2997

Re: Retirement Plan: Do it myself or use Advisor?

A one time fee only consultation should be enough to make sure you are on the right track. I would not enter into an aum fee arrangement, even if it was the low 0.3% that vanguard charges.
Wci has a list of things to look for in an fa.
http://whitecoatinvestor.com/the-perfec ... l-advisor/
by mhalley
Fri Mar 17, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: Suspicious organic products
Replies: 101
Views: 5238

Re: Suspicious organic products

At least the rice was actually rice instead of plastic. :D
http://www.snopes.com/plastic-rice-from-china/
by mhalley
Fri Mar 17, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Restructuring My Portfolio
Replies: 2
Views: 338

Re: Restructuring My Portfolio

I don't think you will hear bogleheads say bad things about target date funds, except for those that have high fees and are actively managed. The total stock market fund and the S&P 500 fund both have plenty of diversification. Many would say that either of those (in addition to a bond fund) are...
by mhalley
Thu Mar 16, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: Medical treatment in US for non US citizen
Replies: 50
Views: 3239

Re: Medical treatment in US for non US citizen

Sorry about your niece. You might look into one of the major medical centers that specialize in her illness. For example, say the Mayo Clinic was a major center involved in treating her illness, you might look here http://www.mayoclinic.org/patient-visitor-guide/billing-insurance/financial-assistanc...

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