Search found 39 matches

by multiham
Sun Mar 26, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Keep JNJ or invest everything in index funds?
Replies: 12
Views: 565

Re: Keep JNJ or invest everything in index funds?

You are going to have a large amount of Long Term Capital Gains. Split adjusted purchase price back in 1997 is going to be in the 30's. With today's price of $125+ per share, you will have a roughly $90 per share capital gain on the initial purchase shares. I know taxes should never be the deciding ...
by multiham
Sat Mar 25, 2017 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor suggested this - Good idea?
Replies: 41
Views: 2368

Re: Advisor suggested this - Good idea?

Apologize if I missed this posted somewhere else in the thread. Why not get the remodel work done now? You have the $ you need for it right now. In this environment of uncertainty and potential inflation, the cost in 2 to 3 years could easily be $80,000 plus. I know I am also in the minority on the ...
by multiham
Mon Mar 20, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 2
Views: 179

Re: Consolidating IRAs Question

Thank you!
by multiham
Mon Mar 20, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 2
Views: 179

Consolidating IRAs Question

My wife has the following 4 IRA accounts at Fidelity. Rollover IRA Traditional IRA Rollover IRA Roth IRA Is there any disadvantage to combining the 2 Rollover and one Traditional IRA into 1 account? Does it matter which account I combine them into (In other words should I move the 2 Rollover IRA's i...
by multiham
Sat Mar 18, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 485

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

I don't think you need to put any bond funds in your taxable account at all, so no need for tax-exempt muni bond funds. I don't think it will matter which fixed income fund(s) you choose to use. You can use the two funds in your 401(k) and/or you can chose some Vanguard funds in the IRAs. You canno...
by multiham
Sat Mar 18, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 485

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

The most safety is pretty easy to figure: The investment with the lowest yield. But I wouldn't want the most safety because it is not really needed. Say you have 30% in fixed income in a $2 million portfolio, so that's just $600,000. If that drops by 1%, that's just $6,000 which should not be a big...
by multiham
Sat Mar 18, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 485

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

I don't think you need to put any bond funds in your taxable account at all, so no need for tax-exempt muni bond funds. I don't think it will matter which fixed income fund(s) you choose to use. You can use the two funds in your 401(k) and/or you can chose some Vanguard funds in the IRAs. You canno...
by multiham
Sat Mar 18, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 485

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

I personally would 1) sell the IRA vanguard 500 index and buy total bond market and 2) tax loss harvest the individual stocks you have in taxable and buy an intermediate term muni fund. I'm with you on the selling of the Vanguard 500 and buying Total Bond Market. Can't do the tax loss harvest as th...
by multiham
Sat Mar 18, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 485

Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

Looking for some advice on my portfolio. After being on forum for 3 months, I have changed some of my thoughts and assumptions. Looking to retire in 6 years at 57. Sorry for so much information below, but have learned from other posts to include as much as possible. Emergency Funds: 9 months at Amer...
by multiham
Mon Mar 13, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 41
Views: 5314

Re: I-bonds

... Today I purchased an I-Bond from Treasury Direct. Went out to the site and can see my purchase. Here are my questions: 1. I did not get a serial number with the bond. Did that go away now that you purchase them electronically and they are held at TD? Yes. You do get purchase confirmations, in t...
by multiham
Mon Mar 13, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 41
Views: 5314

Re: I-bonds

General question on holding Bonds at Treasury Direct. I had not purchased any Savings Bonds in the last 10 years or so. The last ones I purchased were paper and I have been keeping track of them in the Savings Bond Wizard that Treasury Direct offers. This allows me to see my accrued interest and bal...
by multiham
Sun Mar 12, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Question on Contributions and Earnings
Replies: 2
Views: 235

Re: 401K Question on Contributions and Earnings

Can you clarify what the restricted company match is. Are these unvested employer contributions? Are they RSUs? ... You do seem to have an understanding of the various accounts. Does your plan allow in-service rollovers of the post-tax contributions and earnings? Personally, I prefer to use (and wi...
by multiham
Sun Mar 12, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Question on Contributions and Earnings
Replies: 2
Views: 235

401K Question on Contributions and Earnings

Have a 401K with my employer. My company allows you to put in post tax contributions. My question is around handling the balance when I retire and also around the Roth portion of the 401K. The below represents my 401K balance broken out by classification my company uses. I am trying to get answers f...
by multiham
Sun Mar 05, 2017 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Roth Ladders
Replies: 9
Views: 679

Re: Help With Roth Ladders

The Root of Good blog has a write up on Roth conversion ladders: http://rootofgood.com/roth-ira-conversion-ladder-early-retirement/ Thank you for posting. This is the article that has me asking the questions. What confuses me is that I do not believe I can start pulling $ out of my 401K to do the R...
by multiham
Sun Mar 05, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Roth Ladders
Replies: 9
Views: 679

Re: Help With Roth Ladders

Thank you all for the help! I will ask our administrator some additional questions. Does anyone else have any recommendations on books or really good articles on Roth Ladders? Any real world examples of people doing this in their 401K that they would like to share or point me in the direction of a p...
by multiham
Sun Mar 05, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Roth Ladders
Replies: 9
Views: 679

Help With Roth Ladders

Looking to get advice and also a list of questions that I need to research with my 401K. Age: 51 Retirement: Looking to retire between 55 and 57 Current 401K Balance: $1.35 million Contributions: $34,000 including Catch-Up and after tax contributions (Our plan allows us to put in after tax contribut...
by multiham
Mon Feb 13, 2017 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Confused on Roth 401k
Replies: 4
Views: 439

Confused on Roth 401k

Read the wiki, but still confused. I am 51 years old The company I work for has a Roth 401k option, and allows you to contribute after tax $'s to you hit the $53,000 contribution level Here is where I get confused. If I contribute $24,000 pretax into regular 401k, can I then do additional after tax ...
by multiham
Sun Feb 12, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Please check my thinking on Backdoor Roth
Replies: 4
Views: 303

Re: Please check my thinking on Backdoor Roth

Thank you rebellovw and Epsilon Delta! I'm just extremely cautious when it comes to financial matters. I thought I had it right, but it is always good to hear from others. Epsilon Delta - Thank you for the clarification on the 8016.
by multiham
Sun Feb 12, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Please check my thinking on Backdoor Roth
Replies: 4
Views: 303

Please check my thinking on Backdoor Roth

Age 51, Spouse is 50 Married with 2 Children 401K at work Pension Plan at work My MAGI is too high for a Roth Contribution Wife works part time and makes roughly $10,000 I do not have have any traditional IRA's. I have one Roth IRA from a long time ago with $2,000 in it Spouse has Rollover IRA's fro...
by multiham
Sun Feb 12, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Help understanding if I bonds are a good investment for me
Replies: 4
Views: 636

Re: Help understanding if I bonds are a good investment for me

Not the question you asked, but why are you making non-Roth after-tax contributions to your 401k? If it's for a mega backdoor Roth conversion, great. If so can you do the conversion now or do you have to wait until you leave the company or reach age 59.5? If you're not planning on doing a Roth conv...
by multiham
Sat Feb 11, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help understanding if I bonds are a good investment for me
Replies: 4
Views: 636

Help understanding if I bonds are a good investment for me

I currently max out my 401K at work (including post tax contributions up to $54,000 limit) I am also starting to make contributions to a TIRA and then doing a back-door Roth. My question is on the value of I Bonds. Age: 51 married with 2 children Emergency Savings - Over 9 months Goal - Retire in 4 ...
by multiham
Sat Feb 11, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Tires for an old car
Replies: 42
Views: 2676

Re: Tires for an old car

Definitely sounds like a transmission issue unless the slippage occurred on wet streets. May I suggest for your safety and the safety of other drivers, please get new tires. Old tires really decrease your ability to stop and also increase the chance of hydroplaning in the rain. Look for a good tire ...
by multiham
Sat Feb 11, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 150
Views: 20937

Re: Wow, Vanguard Flagship service is bad. Really bad.

For those of us old enough to remember when Sears and Kmart were relevant retailers, this is starting to sound all too familiar. Neither of these retailers invested in logistics or in store systems to stay up to date with technology. Out of a few stores in Arkansas came WalMart who improved on the r...
by multiham
Mon Jan 30, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 4 years at 55
Replies: 10
Views: 1498

Re: Portfolio Review - Looking to retire in 4 years at 55

I'll have to check out HSA next year when we pick our benefits. I'm locked in for 2017. Have to admit that I have not looked into these over the last couple of years as I'm kind of a creature of habit and continue to choose the Health plan that I've had for many years. Thank you for the suggestion.
by multiham
Mon Jan 30, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 4 years at 55
Replies: 10
Views: 1498

Re: Portfolio Review - Looking to retire in 4 years at 55

I appreciate the question on making sure that I am not qualified for a Roth IRA. I hadn't done the calculation in a while and didn't realize how close I was to being able to contribute some $'s to a Roth IRA.

Still hoping to get some other ideas on my questions.

Thank you!!
by multiham
Sun Jan 29, 2017 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 4 years at 55
Replies: 10
Views: 1498

Re: Portfolio Review - Looking to retire in 4 years at 55

2. My income does not allow me to make a Roth contribution. Went back and double checked. My magi is $201,000. Unless I'm reading the charts wrong, I won't be able to make a Roth contribution for tax year 2016. Thanks for suggesting the double check on calculation. multiham, What is your gross inco...
by multiham
Sun Jan 29, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 4 years at 55
Replies: 10
Views: 1498

Re: Portfolio Review - Looking to retire in 4 years at 55

KlangFool wrote:
multiham wrote:
2. My income does not allow me to make a Roth contribution.



Went back and double checked. My magi is $201,000. Unless I'm reading the charts wrong, I won't be able to make a Roth contribution for tax year 2016. Thanks for suggesting the double check on calculation.
by multiham
Sun Jan 29, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 4 years at 55
Replies: 10
Views: 1498

Portfolio Review - Looking to retire in 4 years at 55

Had posted a couple of different questions earlier and received great help! I did not understand that I could tap into my 401K prior to 59 1/2. Thank you for the help on understanding that it is possible to tap in before 59 1/2. Have now asked some additional questions on my scenario. Love this foru...
by multiham
Fri Jan 20, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get $100k for home remodel?
Replies: 34
Views: 3782

Re: Where to get $100k for home remodel?

The options are: 1. Sell $100k worth of stock in a taxable account initiating a long term capital gain of probably 20-30k in the 20% capital gains tax bracket (I should have enough in losses from TLH to counteract this) 2. Get a home equity loan at around 4% but have the added expenses of appraisal...
by multiham
Thu Jan 12, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to retire at 55 (4 years) - Questions on current direction
Replies: 10
Views: 1715

Re: Looking to retire at 55 (4 years) - Questions on current direction

Desired Asset Allocation: 70% stocks, 30% bonds Looks like you are doing pretty well to me. But as close as you are to planned retirement, you might want to lighten up your AA a bit, say to 60/40 or even 50/50. A 2008-style downturn as you enter retirement is going to hurt quite a bit at 70/30. ......
by multiham
Thu Jan 12, 2017 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to retire at 55 (4 years) - Questions on current direction
Replies: 10
Views: 1715

Re: Looking to retire at 55 (4 years) - Questions on current direction

Since the interest is not deductible I would hit the car loan first, promise myself to hold the car as long as practical, and never finance another car again. Your emergency fund is good and your taxable investments are well funded so I would maximize what is going to the car loan till it is gone t...
by multiham
Thu Jan 12, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to retire at 55 (4 years) - Questions on current direction
Replies: 10
Views: 1715

Re: Looking to retire at 55 (4 years) - Questions on current direction

If you leave your job at age 55, you can withdraw from your 401k without early withdrawal penalty. Just make sure you don't rollover to IRA. IMO, you should continue to max out your 401k and you should use the backdoor into Roth IRA. Max out your retirement plans before college savings. Minor clari...
by multiham
Thu Jan 12, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to retire at 55 (4 years) - Questions on current direction
Replies: 10
Views: 1715

Re: Looking to retire at 55 (4 years) - Questions on current direction

If you leave your job at age 55, you can withdraw from your 401k without early withdrawal penalty. Just make sure you don't rollover to IRA. IMO, you should continue to max out your 401k and you should use the backdoor into Roth IRA. Max out your retirement plans before college savings. Thank you f...
by multiham
Wed Jan 11, 2017 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to retire at 55 (4 years) - Questions on current direction
Replies: 10
Views: 1715

Looking to retire at 55 (4 years) - Questions on current direction

Changed up my questions slightly as my initial questions were around having $ available between 55 and 59 1/2. Thank you to everyone for pointing me in the right direction on my original question. Appreciate thoughts on the below. Emergency Funds: 9 months at American Express Bank Debt: Mortgage -$2...
by multiham
Mon Jan 09, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 17035

Re: Best Financial Moves You've Made

[*]Started saving in 401K as soon as allowed by plan [*]Using automated feature in 401K plan to increase % invested each year [*]Finding the things in life that we want to spend money on [*]Finding the things in life we DON'T want to spend money on [*]Not going from 1 company to the other chasing sm...
by multiham
Sun Jan 08, 2017 4:01 pm
Forum: Investing - Theory, News & General
Topic: No Vanguard Customer Support on weekends
Replies: 55
Views: 4314

Re: No Vanguard Customer Support on weekends

I agree with those that say there are many choices out there and if Saturday/Sunday service is your goal, you want to pick someone other than Vanguard. Here is why weekend service is important to me. I travel about 50% of time for work and even when I'm in the office, I leave for work by 6 Am and ty...
by multiham
Sun Jan 08, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Changing Credit Cards within same Bank/Issuer
Replies: 8
Views: 499

Re: Changing Credit Cards within same Bank/Issuer

New to the site and enjoying the learnings! Question on credit cards. I have a Chase card that I no longer use as I have a better reward card from another issuer. Is it possible to call Chase and have them switch the card from one program to another? For instance, switch it from Chase Freedom to Ch...
by multiham
Sun Jan 08, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Considering the services of a CFP
Replies: 36
Views: 2355

Re: Considering the services of a CFP

I consider myself a nervous planner. I like for my plans and thinking to be looked at once a year by a CFP to confirm that I am on track to my goals and that I'm evaluating my mortgage/investments/spending correctly. I found a CFP in my town who is very informed on my companies 401K and pension plan...
by multiham
Sun Jan 08, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Changing Credit Cards within same Bank/Issuer
Replies: 8
Views: 499

Changing Credit Cards within same Bank/Issuer

New to the site and enjoying the learnings! Question on credit cards. I have a Chase card that I no longer use as I have a better reward card from another issuer. Is it possible to call Chase and have them switch the card from one program to another? For instance, switch it from Chase Freedom to Cha...

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