Search found 39 matches

by mybogledhead
Fri Jun 30, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1010

Re: DAF Confusion

Is it possible that what Ally meant to say is that they would process the transaction at today's price even if it shows up in the account at Schwab in 10 days? I asked that specific question and the response was "you are transferring the shares over to the DAF. Once the shares are in the DAF, ...
by mybogledhead
Fri Jun 30, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1010

Re: DAF Confusion

The account with Ally is a taxable account that I used to buy 1 share of Apple (Tradeking at that time) when I first got into this several years ago. I now do index funds. My goal now is to begin getting rid of the individual stocks I own at Ally because it doesn't fit my investment goals any longer...
by mybogledhead
Fri Jun 30, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1010

DAF Confusion [Donor Advised Fund]

I am attempting to donate appreciated shares of a stock held with Ally Invest to my DAF at Schwab Charitable. I sent in the required form yesterday. I'm being told by Ally that the donation will occur in 5-10 business days. When I said I was concerned abut such a significant delay and that the value...
by mybogledhead
Mon Jun 05, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Maximizing Tax Advantaged Space
Replies: 1
Views: 241

Maximizing Tax Advantaged Space

My wife is a physician, currently employed by a private practice. She'll have the opportunity to create her own PC in order to join the LLP as a partner in one year. The practice offers a 401(k), which we max out at $18K/yr, and provides a 3% match. Our CPA, who also does the finances for the practi...
by mybogledhead
Sun Jun 04, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Life Insurance Decision
Replies: 5
Views: 604

Help with Life Insurance Decision

My wife and I (35 years old) each need to update our life insurance policies, as we are still using policies from 10 years ago despite dramatic increases in income and the birth of our first child. Our only debt at this point is our student loans. Hers are federal and will be paid off by a repayment...
by mybogledhead
Sun Feb 05, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Selection
Replies: 12
Views: 1394

Re: Bond Fund Selection

A bond fund having a higher Expense Ratio does not imply you will receive a higher total return. The assessment that I'll receive a higher return is based on the reports of the fund's returns and compared to my other options, not on an assumption. This was nicely demonstrated by one of the other re...
by mybogledhead
Fri Feb 03, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Selection
Replies: 12
Views: 1394

Re: Bond Fund Selection

If so, by all means use it. I'm not sure why you would have any hesitation towards using it. Low expense ratio, broad bond exposure, etc. Only hesitation I have to not using the Vanguard fund is whether or not it's worth paying the higher ER to chase a higher yield. Part of me thinks "why not?...
by mybogledhead
Fri Feb 03, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Selection
Replies: 12
Views: 1394

Re: Bond Fund Selection

dcabler wrote:Why not roll it over into an IRA? That's what I've done whenever I've changed employers because, frankly, most of the 401Ks I've had at various employers were pretty bad.


I don't want to roll it into an IRA because we do backdoor Roth's every year.
by mybogledhead
Fri Feb 03, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Selection
Replies: 12
Views: 1394

Bond Fund Selection

My wife's 401(k) was recently moved from MassMutual to Vanguard. Unfortunately, the powers that be only chose 1 or 2 Vanguard index funds, and the only bond fund option is Dodge and Cox Income Fund (DODIX). Of note, she no longer makes contributions to this 401(k), having moved to a new employer, bu...
by mybogledhead
Wed Jan 11, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Open a DAF?
Replies: 15
Views: 1370

Re: Open a DAF?

Thanks for the feedback. I seems as though most would agree that opening a DAF is a good idea, and that contributing to the taxable account and then donating appreciated shares is the way to go (Ass opposed to donating cash straight to the DAF or an organization). Of note: Better to invest for yours...
by mybogledhead
Tue Jan 10, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Open a DAF?
Replies: 15
Views: 1370

Open a DAF?

Good morning, My wife and I would like to be more intentional about our charitable giving, as currently she just writes a check to some organization whenever they ask or the mood strikes. The amount always varies, and because of this (absent) plan we didn't approach our charitable goals for 2016. A ...
by mybogledhead
Fri Oct 14, 2016 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Life Insurance Should we Buy?
Replies: 5
Views: 843

How Much Life Insurance Should we Buy?

Hello, Right now my wife and I each have $500K of 5yr term insurance that was sold to us when we were in school. It costs about $70/mo. Our incomes have grown tremendously since then, but we continue to carry student loan debt. We are expecting our first child this month and need to update our life ...
by mybogledhead
Mon Jul 11, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) to circumvent employer plan
Replies: 1
Views: 258

Solo 401(k) to circumvent employer plan

My wife is a physician, and in October will be eligible to begin contributing to her practice's retirement plan. Unfortunately, a standard administrative fee of 0.99% is added to each expense ratio to pay for the plan. For example, she can invest in the Vanguard S&P500 index fund, but the ER is ...
by mybogledhead
Sat Jul 09, 2016 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and Bonds
Replies: 5
Views: 798

Re: Asset Allocation and Bonds

Hi, Please consider updating your opening post posting the % of each fund in such a way that all % together sum up to 100%> Even better update the OP with the available funds in yr wife 401 and the other info according to this format regards Please see me original post for a better breakdown of our...
by mybogledhead
Sat Jul 09, 2016 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and Bonds
Replies: 5
Views: 798

Asset Allocation and Bonds

Hello, Here is our current portfolio, with a few questions at the end. I haven't included many specifics because, as you'll see, each individual account is allocated 90/10, thus keeping my overall allocation 90/10. This was done for simplicity sake only, but is also the simplicity is causing problem...
by mybogledhead
Mon Jun 20, 2016 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Opportunity to TLH
Replies: 1
Views: 239

Opportunity to TLH

I have an opportunity to tax loss harvest with my international fund, but just recently began paying attention and learning more about this. I invest monthly, and added to my fund at the beginning of June. I also received, and reinvested, a dividend mid-month (I have since changed my dividends to ca...
by mybogledhead
Tue Mar 15, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Distributing lump sum to student loans
Replies: 9
Views: 1169

Re: Distributing lump sum to student loans

This isn't her first job, and we've been in repayment, so accrued interest on the federal loans will only be for the previous month. She doesn't receive the lump sum until after she starts the new job on 4/4/16, and our loan payments are all on the 28th of the month. Hopefully that 3.5 weeks will be...
by mybogledhead
Mon Mar 14, 2016 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Distributing lump sum to student loans
Replies: 9
Views: 1169

Re: Distributing lump sum to student loans

Both sums are, according to my accountant, tax free. Dividing them up evenly would make sense. My only thought is that by doing it this way I'll be able to maximize the value of each allotment. By paying federal loans with money that doesn't need to go to federal loans, we could be leaving money fro...
by mybogledhead
Mon Mar 14, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Distributing lump sum to student loans
Replies: 9
Views: 1169

Distributing lump sum to student loans

Hello, My wife is about to receive a lump sum for student loan repayment. The agreement is $25K/yr for five years and is coming from her employer. It is possible that she may also receive an additional $12,500/yr for four years, coming from her school/gov, but the application period for that program...
by mybogledhead
Thu Mar 03, 2016 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Single Portfolio Asset Allocation
Replies: 2
Views: 446

Single Portfolio Asset Allocation

Greetings! My wife and I (Age 34yrs) have spent the last several years changing jobs, the most of recent of which for me did not offer a retirement plan (I was a physician in training). I have tried to save as much as possible over the years, which meant a four-fund portfolio in taxable. I only rece...
by mybogledhead
Wed Feb 10, 2016 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Eliminating disability riders
Replies: 2
Views: 354

Eliminating disability riders

Good morning, I recently posted a question regarding whether or not my wife (an OB/GYN) and I needed disability insurance...I said "yes" but she wasn't convinced because of the cost. To keep a long story short, the subsequent comments and a slip on the ice while walking the dog convinced h...
by mybogledhead
Fri Jan 22, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 28
Views: 3080

Re: Do we need disability insurance

Obvious questions- Have you shopped multiple companies? Have you investigated group policies through professional associations? I think a female who is healthy but advanced maternal age, with a high salary, unfortunately gets to pay a high premium. The person I've been working with on this looked u...
by mybogledhead
Fri Jan 22, 2016 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 28
Views: 3080

Re: Do we need disability insurance

What percentage of income are they quoting you? The numbers between the policies are a bit different, but generally we are looking at $12,000 monthly income for a bit over $8,000 in yearly premiums. So that comes out to 5.5%, if I'm not mistaken. I tried to get one her current partners (she has a f...
by mybogledhead
Fri Jan 22, 2016 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth help
Replies: 7
Views: 522

Re: Backdoor Roth help

Ok, this has been very helpful. I filled out form 8606 and got the following...

Line 1: 5500
Line 2: 0
Line 3: 5500
Line 4: 5500
Line 5-13: 0
Line 14: 5500
Line 15: 0

It seems that part 2 will be all zero's this year, but will be more exciting next year.
by mybogledhead
Fri Jan 22, 2016 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth help
Replies: 7
Views: 522

Re: Backdoor Roth help

The form shows conversions that were performed during the 2015 calendar year, so the conversion will not appear on your 2015 Form 8606. I made the contribution in January 2016, but designated it as a 2015 contribution. Why then, wouldn't it be included in my 2015 tax forms? Also, wouldn't an $11,00...
by mybogledhead
Fri Jan 22, 2016 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth help
Replies: 7
Views: 522

Backdoor Roth help

Good morning, In January 2016 I opened a traditional IRA for my wife, transferred in $5500 cash (2015 contribution), then converted exactly $5500 into her pre-existing Roth IRA. However, during the seven day holding period there was an 18 cent dividend. Also, somehow an additional 6 cents showed up ...
by mybogledhead
Thu Jan 21, 2016 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 28
Views: 3080

Re: Do we need disability insurance

Group disability is an important consideration I forgot to include. My wife and I are in medicine, and her new job will be with a private practice that does not offer group disability (each of her new partners buys their own, but they are all men so its cheaper). I work for a state university that o...
by mybogledhead
Thu Jan 21, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 28
Views: 3080

Do we need disability insurance

Good morning, I recently got several quotes on disability insurance from an independent agent. They are, as you probably guessed, expensive...especially for my wife. When I talked to her about it, she felt pretty strongly that we didn't need it at this time. We looked up an article on WCI regarding ...
by mybogledhead
Thu Jan 07, 2016 11:09 am
Forum: Investing - Help with Personal Investments
Topic: First time backdoor Roth user
Replies: 4
Views: 722

Re: First time backdoor Roth user

Thanks for the feedback yesterday, you guys answered my questions perfectly.
by mybogledhead
Wed Jan 06, 2016 10:39 am
Forum: Investing - Help with Personal Investments
Topic: First time backdoor Roth user
Replies: 4
Views: 722

First time backdoor Roth user

Good morning everyone, I'm about set to do a backdoor Roth for the first time ever, and I'd appreciate some feedback to make sure I don't screw it up. My wife had Roth contributions to a 401(k) from a previous employer that I have transferred/rolled into a Roth IRA at vanguard. She also had pre-tax ...
by mybogledhead
Fri Aug 21, 2015 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Defined benefit versus contribution plan
Replies: 12
Views: 1711

Re: Defined benefit versus contribution plan

According to one of the brochures 22 years of service entitles me to 44% of 5 year average salary if I retire at a normal retirement age. That is defined as 65yo, 62yo with 20yrs of service, or if age+YOS is greater than 88. If I retire early, there is a deduction of 0.5% for every early month or 6%...
by mybogledhead
Thu Aug 20, 2015 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Defined benefit versus contribution plan
Replies: 12
Views: 1711

Re: Defined benefit versus contribution plan

Thanks Karl, I think you hit on my line of thinking...if I can be a disciplined investor with a relatively high savings rate, I could potentially be able to replace more than 65%. Of course, the opposite is also possible, but over a long time frame I expect the market to increase. As I mentioned, I'...
by mybogledhead
Thu Aug 20, 2015 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Defined benefit versus contribution plan
Replies: 12
Views: 1711

Re: Defined benefit versus contribution plan

Hi, thanks for the responses. I'm currently 33yo. Vesting for the defined contribution plan is immediate. Regarding the chances of me staying, I sure hope I stay for 20-30yrs, although in my line of work (medicine) a relatively small percentage of people stay in their first job longer than 2-3 years.
by mybogledhead
Thu Aug 20, 2015 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Defined benefit versus contribution plan
Replies: 12
Views: 1711

Defined benefit versus contribution plan

Good afernoon, I recently started a new job, and need to choose between a defined benefit and defined contribution plan. I know this topic has already been covered somewhat in the past, but I'm hoping for advice related specifically to my two options. Interestingly, this decision is an irrevocable d...
by mybogledhead
Fri May 08, 2015 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring Roth 401(k) to Roth IRA
Replies: 2
Views: 582

Transferring Roth 401(k) to Roth IRA

My wife moved from one employee to another, and I am trying to consolidate her accounts while also setting everything up to do a backdoor Roth IRA every year. At her old job, she was technically employed by two separate entities that each offered a retirment plan. One transferred her assets to a tra...
by mybogledhead
Thu Feb 12, 2015 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth wi pretax dollars
Replies: 4
Views: 574

Re: Backdoor Roth wi pretax dollars

Hmmm, not what I was hoping to hear, but I guess it's manageable. Here's my new plan. For myself, I'll keep the money in the current tIRA until I can (hopefully) move it to my new 401(K) this Fall. Then I'll start making nondeductible contributions to the IRA and doing the Backdoor Roth conversion. ...
by mybogledhead
Thu Feb 12, 2015 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth wi pretax dollars
Replies: 4
Views: 574

Backdoor Roth wi pretax dollars

Hello bogleheads, I'm working on moving all my wife and I's assets to Vanguard, but am trying to do it in the most tax-efficient way from the get-go. Every time I think I have a plan I read something that makes me hesitate. I have about $10K ($1K in long-term capital gains) in a traditional IRA. I d...
by mybogledhead
Thu Feb 12, 2015 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up tax efficient portfolio
Replies: 3
Views: 716

Re: Setting up tax efficient portfolio

Thank you, I appreciate the help!
by mybogledhead
Wed Feb 04, 2015 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up tax efficient portfolio
Replies: 3
Views: 716

Setting up tax efficient portfolio

Hello, I'm trying to set up a 4-6 fund portfolio with Vanguard, that my wife and I plan to use for retirement savings in addition to employer sponsored options. I've tried to read a lot about these kinds of portfolios, but have been very hesitant to take the next step because I want to make sure I s...

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