Search found 47 matches

by paveldatsyuk44
Wed Mar 10, 2021 11:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard CS - ugh
Replies: 14
Views: 1325

Re: Vanguard CS - ugh

ugh. thanks for this info. i will definitely be finding a new tax person....
by paveldatsyuk44
Wed Mar 10, 2021 11:32 am
Forum: Investing - Theory, News & General
Topic: Vanguard CS - ugh
Replies: 14
Views: 1325

Vanguard CS - ugh

I’m not sure if this is commonplace, but Vanguard produced a 1099-R form for my backdoor roth conversion, which notes the full amount is taxable (even though it isn’t). My tax preparer says she can’t finalize things until Vanguard provides a correct form or letter. Called Vanguard, rep told me “vanguard does not take a position on whether conversions are taxable.”. I pointed out that they did in fact take a position by declaring the full amount as “taxable,” on their form. Rep basically said he couldn’t help me and to file a 8606 form to accompany their 1099-r. In the moment of a little frustration and emotion dysregulation, i told the rep that i would like to set up a transfer of my accounts to Fidelity. (I was being a baby, I know) But wh...
by paveldatsyuk44
Mon Oct 05, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: CPA/Tax Strategist in Ohio
Replies: 4
Views: 350

Re: CPA/Tax Strategist in Ohio

I’ll poke around some more. I was intrigued by some previous threads on paying “zero” taxes in retirement....which is likely rate. Nonetheless, i’ll invest some time building my knowledge base around these issues.
by paveldatsyuk44
Mon Oct 05, 2020 10:34 am
Forum: Personal Finance (Not Investing)
Topic: CPA/Tax Strategist in Ohio
Replies: 4
Views: 350

CPA/Tax Strategist in Ohio

Hi Fellow Bogleheads,

My father is straddling retirement (66yo). He has met his "goal" and has stopped playing the game, so to speak. However, he would benefit from meeting with a CPA/Tax Strategist to help him run withdrawal scenarios and develop a strategy to deal with distributions, conversions, gifting, etc. while maximizing tax savings.

Can anyone recommend someone in Ohio? We are in NW Ohio, and I presume someone knowledgeable on Ohio tax law is necessary??

Thank you in advance,

-Dats
by paveldatsyuk44
Wed Aug 19, 2020 12:27 pm
Forum: Investing - Theory, News & General
Topic: Can Academics Beat the Stock Market?
Replies: 109
Views: 9645

Re: Can Academics Beat the Stock Market?

Bogleheads: * Academics often recommend Alternate Funds. A recent Morningstar article reported: "We estimate investors collectively paid about $21 billion in fees to liquid Alternative Funds between March 2009 and June 2020 while reaping only $20 billion in return." Lesson learned: Academics are no better beating the market than the rest of us. Best wishes Taylor Jack Bogle's Words of Wisdom: "In the stock market the more elaborate and abstruse the mathematics the more uncertain and speculative are the conclusions we draw therefrom." Nice to C U again Taylor.... I added some emphasis to one of your points. For me, that would be more than I would need to know. Has it occurred to you that academics may be some of the ones...
by paveldatsyuk44
Wed Aug 19, 2020 12:22 pm
Forum: Investing - Theory, News & General
Topic: Can Academics Beat the Stock Market?
Replies: 109
Views: 9645

Re: Can Academics Beat the Market?

StormShadow wrote: Tue Aug 18, 2020 9:12 pm
those who can't do, teach
The ignorance of this statement is pretty pathetic. I’ve never used this term, but it’s such a “boomer” thing to say. People who know anything about “academics” know most academics prioritize teaching at the bottom of their workloads. Most of what they do is try to figure out how the world works, disseminate and apply research findings to the betterment of everyone’s well being, and train future practitioners. Overwhelmingly, the best doctors in the world work in academia.
by paveldatsyuk44
Fri May 22, 2020 9:12 am
Forum: Investing - Theory, News & General
Topic: 60
Replies: 152
Views: 15297

Re: Investing in International Stocks

firebirdparts wrote: Thu May 21, 2020 10:15 am
tibbitts wrote: Thu May 21, 2020 10:13 am But I don't understand the point - what does "start" with Canada or any of the other ones mean? Start what?
I am thinking somebody should point out there are 10,000 arguments about global investment that already occurred.
and you know this is a message board forum, right?
by paveldatsyuk44
Sun Mar 22, 2020 2:18 pm
Forum: Investing - Theory, News & General
Topic: Feeling a little buyer-holders remorse....
Replies: 8
Views: 688

Re: Feeling a little buyer-holders remorse....

this is very helpful, everyone.
by paveldatsyuk44
Sun Mar 22, 2020 1:54 pm
Forum: Investing - Theory, News & General
Topic: Feeling a little buyer-holders remorse....
Replies: 8
Views: 688

Feeling a little buyer-holders remorse....

38yo family, decent jobs, investing 25% of annual gross income on a monthly schedule. AA is 100% equities.

When speculation of the virus began appearing in the news a couple months ago, I thought about selling most of my equities and sitting in bonds until a “crash”. I stayed the course, and even though I know I did right thing, I’m “feeling” like I missed out on a once or twice in my investment lifetime opportunity. Hindsight is getting under my skin.

Just looking for a little wisdom and pep talk, as I’m sure i’m not the only one thinking and feeling this way right now....
by paveldatsyuk44
Wed Mar 04, 2020 9:56 am
Forum: Investing - Theory, News & General
Topic: 100% stock threads as a counter indicator
Replies: 42
Views: 3986

Re: 100% stock threads as a counter indicator

Message boards...how do they work??

posters complaining about redundant thread topics and imploring members to "search the threads" might be the worst kind of boglehead.....
by paveldatsyuk44
Tue Mar 03, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Refinance???
Replies: 13
Views: 1943

Re: Refinance???

25-30 year rates are very close to 3.0 today ($3k in closing costs). You can do better.
by paveldatsyuk44
Wed Jan 08, 2020 7:38 pm
Forum: Investing - Theory, News & General
Topic: 100% total stock index funds until I retire?
Replies: 124
Views: 18812

Re: 100% total stock index funds until I retire?

When this question comes up in threads, I am always baffled by the departure from reasoning so many bogleheads take. Too many members seem hold the belief that, unconditionally, one should always have some allocation to bonds, and thus never be 100% in equities. This type of thinking is similar to “you can never predict the future,” and disregards both common sense and empirical evidence; it is very rigid and close minded in my opinion. Nothing is certain...sure..but probabistically stocks are very likely to outperform bonds in the longterm. So, related to OP’s question, if the situation is such that an investor has 30 years of accumulation, will not market time, panic, or react impulsively to market movements (i.e. they truly hold for 30 y...
by paveldatsyuk44
Thu May 16, 2019 9:01 pm
Forum: Investing - Theory, News & General
Topic: We’ve won the game...but how do we stop playing?
Replies: 76
Views: 9672

Re: We’ve won the game...but how do we stop playing?

My interpretation of Bernstein’s metaphor, which i believe is correct, assumes an investor has a target nest egg. You run the simulations with your withdrawal amount/rate/etc, various AAs, lock in a few assumptions, and play it out for your desired timeframe. If you don’t run out of money before that timeframe, you “have won the game”. Yes, the world could blow up, markets can crash, but if these events are far worse than what we’ve already experienced, the last thing i’m worrying about is my portfolio.....

But a serious concern is assuming too much risk near or just after retirement. I believe this is what Bernstein is emphasizing.
by paveldatsyuk44
Mon Mar 18, 2019 12:38 pm
Forum: Personal Investments
Topic: Dealing with Pro Rata, most optimal mechanism...
Replies: 6
Views: 469

Re: Dealing with Pro Rata, most optimal mechanism...

Thanks for reminding me about the deduction income limits....which completely escaped my mind. It looks like my only option is to increase my 403b contributions OR pay taxes on the TIRA to Roth conversion. I will likely go with the 403b.
by paveldatsyuk44
Mon Mar 18, 2019 9:21 am
Forum: Personal Investments
Topic: Dealing with Pro Rata, most optimal mechanism...
Replies: 6
Views: 469

Re: Dealing with Pro Rata, most optimal mechanism...

thanks for the suggestions so far. any reason to not contribute to her pre tax TIRA, and instead put that money into my pre tax 403b? i’m trying to decide if i should forget ever contributing to her Roth again, and just begin contributing to her pre tax TIRA ad infinitum.
by paveldatsyuk44
Sun Mar 17, 2019 3:06 pm
Forum: Personal Investments
Topic: Dealing with Pro Rata, most optimal mechanism...
Replies: 6
Views: 469

Re: Dealing with Pro Rata, most optimal mechanism...

She works part time now, so she does not have an "active" plan. She does have a 403b with her current employer for when she worked full time, with a few dollars in it, but like many employer plans the ER is > 1.5%, which would not be worth moving her TIRA over there to clean up her IRAs (at least this is my current opinion).
by paveldatsyuk44
Sun Mar 17, 2019 1:55 pm
Forum: Personal Investments
Topic: Dealing with Pro Rata, most optimal mechanism...
Replies: 6
Views: 469

Dealing with Pro Rata, most optimal mechanism...

Hi All. I’m looking for some input and good reason to help guide what I should do with some IRA retirement contribution for 2019. This is just a slice of our retirement portfolio (we have a pre tax 401a, 403b). Problem: Spouse/my MAGI is over the Roth threshold. I only have personal Roth IRA, spouse has a rollover pre tax TIRA AND a Roth IRA; so Pro Rata is an issue for her. At this time, we do not think we want to pay down the taxes on the rollover TIRA (approx. $20k taxes) to convert to Roth and get away from Pro Rata. Options: all options include backdoor conversions for my ROTH which i believe i can still do, and..... a) max our spouses TIRA every year and forget ever contributing to her ROTH. b) make no contribution to spouses TIRA, an...
by paveldatsyuk44
Thu Dec 27, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks vs 80% just to rebalance? (Edit: Inside retirement accounts)
Replies: 24
Views: 3046

Re: 100% stocks vs 80% just to rebalance? (Edit: Inside retirement accounts)

I would advise against 100% stocks for almost everybody as it's simply too risky. I never considered the rather obvious fact that you can't rebalance if you are 100% in stocks. Never occurred to me and I have a degree in finance & 25 years of investment experience. every situation is unique, and regarding the question of whether equites beat bonds overtime, for someone with very high risk tolerance and a long accumulation phase (using a buy and hold strategy), empirical data supports a higher percentage of equities produces higher return. For a buy and hold strategy, my opinion is it is riskier to hold too much bonds and/or bonds for too long. unless something very weird happens to the global economy, this fact should hold. And if it d...
by paveldatsyuk44
Sat Jun 16, 2018 9:28 am
Forum: Personal Investments
Topic: portfolio checkup - move more money to Roth?
Replies: 13
Views: 1791

Re: portfolio checkup - move more money to Roth?

OP. a side question that has left me perplexed for many years now, particularly related to HCOL areas, is how one (you) can afford a $1.2mil home on a $200k/yr income? Maybe you had a large inherited down payment?

Even in a LCOL area, a $500k home (say 30 year $350k mortgage) would be pushing it.

I know there are a lot of scenarios and variables, but generally speaking i am curious how folks afford such expensive residences (income to home cost ratio).

Any comments will help me alleviate my curiosity.
by paveldatsyuk44
Sat Oct 28, 2017 11:38 am
Forum: Investing - Theory, News & General
Topic: Roth IRA vs. 401k future contributions
Replies: 5
Views: 843

Re: Roth IRA vs. 401k future contributions

This is probably meant for the personal investing category, but here are some thoughts. Factors that go into determining whether you "should" contribute to tax deferred (401k) vs. a personal Roth: - will you be in a sig. higher tax bracket when you retire? If so, this points toward Roth - many people will say that it is a gamble to determine your future tax bracket, in comparison to now, but that putting investments into both deductable and non-deductable vehicles is a type of diversification and addresses this very issue. - 401k has some protections in terms of liability that personal Roths don't have - Roth has more flexibility to make early withdrawals for hardships, without penalty. - Roth does not have RMDs, which factors int...
by paveldatsyuk44
Tue Aug 22, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 24773

Re: Jobs that pay over $100,000

I believe the wisdom of figuring out what you are most passionate about doing, and will enjoy most days for the majority of your life. Then, figure out how to make money doing it.

neurosurgery pays well, so does dentistry, so does financial advising, and also ceo of a big company.....
by paveldatsyuk44
Sun Jul 30, 2017 2:35 pm
Forum: Personal Investments
Topic: Advice about Financial Planner
Replies: 8
Views: 1575

Re: Advice about Financial Planner

every individual situation is unique, but here is a rule of thumb for people capable and willing to invest a few hours/year to their investment plan and portfolio (several the first year, as few as 15 min each year thereafter). DIY with help from this board, a book or two recommended by this board, watch Rick Ferri videos and read his articles and Bernstein and others, play with free online investment calculators (vanguard has a couple, firecalc). Have a little fun and keep the $10k/year in your pocket. Keep it simple, keep it low cost, keep it smart, and go enjoy your retirement!
by paveldatsyuk44
Thu Jul 27, 2017 4:46 pm
Forum: Personal Investments
Topic: 403b vs. Taxable account
Replies: 11
Views: 2048

Re: 403b vs. Taxable account

I work at a state university, and both my 403b and 401a (i opted out of pension, instead i take a 10% match) are with TIAA. Very low ERs for me, great customer service, no hassle, TIAA traditional is an available product.

I initially went with an insurance company (nationwide) because my reasoning was they were "local." It was a miserable mistake. After 5 years of paying and ER of 2.0% of AUM I got smart and transferred to TIAA.
by paveldatsyuk44
Sun Jun 25, 2017 1:38 pm
Forum: Personal Investments
Topic: Two-Part Portfolio during Retirement; yay or nay?
Replies: 8
Views: 1631

Re: Two-Part Portfolio during Retirement; yay or nay?

1) Yes, that makes perfect sense given that they want to be pretty conservative. 2) Any of those options is fine if they want to stick with a one-fund portfolio. If they are willing to use a 3 or 4 fund portfolio, then that would give them more flexibility when they do their withdrawals. For instance, if the stock market drops 25%, they can take their withdrawal from their bond fund and avoid selling stocks low. If they have to take the withdrawal from their one fund portfolio, then they are selling the stock portion low. It is totally understandable if they don't want to be bothered with worrying about that kind of flexibility though. It might not make much difference in the long run. 3) Probably won't make much difference. 4) This is fin...
by paveldatsyuk44
Sun Jun 25, 2017 1:23 pm
Forum: Personal Investments
Topic: Two-Part Portfolio during Retirement; yay or nay?
Replies: 8
Views: 1631

Re: Two-Part Portfolio during Retirement; yay or nay?

Relatedly, below is a post from Rick Ferri back in 2016. Evidently what I am calling "two part portfolio" is simply a weighted average of two allocations. What Rick suggested might be the more parsimonious portfolio, but I kind of like to see the allocations separately; not collapsed into one. Thus holding one fund (TR or LS) and then holding separate admiral shares of the more aggressive allocation. ------- "Re: Ideal allocation for someone who has reached their "number" Report this post Quote Unread postby Rick Ferri » Tue Jul 12, 2016 7:05 pm How would you invest money for the next generation? That's who you're investing for. Divide you money between what you need and what you'll be passing on. Come up with two a...
by paveldatsyuk44
Sun Jun 25, 2017 12:44 pm
Forum: Personal Investments
Topic: Two-Part Portfolio during Retirement; yay or nay?
Replies: 8
Views: 1631

Re: Two-Part Portfolio during Retirement; yay or nay?

Thanks David Jay. Very good point. I think delaying SS is a goal of theirs. If they sell their house and downsize, then they will likely either tighten their expenses between retirement and age 70 and/or live off of some of the cash they receive from the sale of the house.

2. Why did you decide on the LS, instead of TR? If I may ask?
by paveldatsyuk44
Sat Jun 24, 2017 2:49 pm
Forum: Personal Investments
Topic: Two-Part Portfolio during Retirement; yay or nay?
Replies: 8
Views: 1631

Two-Part Portfolio during Retirement; yay or nay?

Hello Bogleheads. As we all know, this site and its members are wonderful, and I thank you again for your wisdom and guidance. I am mostly looking for feedback on on a proposed strategy during pre-retirement/retirement. Essentially, we want to be sure my parents cover their expenses and do not run out of money during retirement. If anyone feels the standard posting format is necessary, I will certainly do so (although it may not be necessary to respond to my questions below) Context: My father is 62yo, planning on retiring at 67. At this time I am working with him on organizing his investments and developing a new strategy. - Upon retirement, his (and my mothers') SS and Pension will total approx. $62k. - His rollover 401k (pre-tax) is appr...
by paveldatsyuk44
Mon May 29, 2017 7:30 pm
Forum: Personal Investments
Topic: Portfolio at EJ but have regrets now
Replies: 37
Views: 4516

Re: Portfolio at EJ but have regrets now

Your EJ advisor should have provided you with a list of funds that he/she is planning to invest your money into. Call your advisor (and send an email so it is in writing) instructing them "not to invest or buy anything until you have reviewed and approved the plan?. Do this right now, and call again first thing tomorrow morning. If you luck out and they have not done anything yet, immediately move your IRA to Vanguard or Fidelity (or another low cost company of your choosing). If you are not so lucky, then ask for a list of the funds, including each funds expenses (front, back, 12b-1 fees, time period of deferred back loads, etc.) AND 1) transaction costs, 2) account closing costs, 3) account transfer costs. Vanguard or Fidelity (or th...
by paveldatsyuk44
Tue May 02, 2017 4:31 pm
Forum: Personal Investments
Topic: Close to Retirement - Portfolio and AA advice
Replies: 1
Views: 530

Close to Retirement - Portfolio and AA advice

Hi Bogleheads! I received so much help from you this past winter in getting my own investment and portfolio in order, I am now helping a family member fix the mess his advisor has had him in for the past few decades.... I've also pasted the Vanguard PAS initial recommendations below: General Emergency Fund: $10K Debt: Mortgage $20kish at 4.0% (value $500k) Tax Filing Status: Married Filing Jointly Tax Rate: 25-28% Federal, 5% State, approx.. State of Residence: OH Age:Him 62, Her 61 Desired Asset allocation: 65% stocks / 35% bonds, but open to slightly more or slightly less aggressive Desired International allocation: 40% of stocks??? Income: Him: $130k from job Her: none Other Assets: Savings/Checking: varies $1k-$4k Retirement Assets: Ret...
by paveldatsyuk44
Fri Feb 03, 2017 8:38 am
Forum: Personal Investments
Topic: Nationwide is so incredibly frustrating!! [unexpected 401a transfer fees]
Replies: 8
Views: 1588

Re: Nationwide is so incredibly frustrating!! [unexpected 401a transfer fees]

Hi Pajamas,

The numbers (88k or 84k) are the total I would have invested at Nationwide or TIAA, respectively. The 4k difference is the surrender charge that Nationwide would credit me if I were to move back there. I then estimated percentage return unadjusted for inflation based on 7.8% at TIAA (after expenses) and 6.0% at Nationwide (after expenses); TIAA is about 1.8% cheaper than Nationwide based on the investments I would be in. So I just used an investment calculator to see how many years it would take to produce a $4k difference, which is 3-4 years. Hopefully I am not missing anything.

at TIAA: 84 at 7.8% over 3 years = 21229.03
at Nationwide: 88 at 6% over 3 years = 16,809.41
by paveldatsyuk44
Thu Feb 02, 2017 8:42 pm
Forum: Personal Investments
Topic: Nationwide is so incredibly frustrating!! [unexpected 401a transfer fees]
Replies: 8
Views: 1588

Re: Nationwide is so incredibly frustrating!! [unexpected 401a transfer fees]

Thanks for the replies. Interval events: the 401a contract states "If part or all of the contract value is surrendered, a contingent deferred sales charge may be applied at the time of a surrender." 7% sales charge percentage on <1 year old deposits, going down 1% each year until a deposit has been invested for 7 years. I underlined the "may" because this, in my opinion, leaves this open to discretion, to which we called a Nationwide rep who told us no fee/penalty/charges. I am not an attorney, but I presume most of you know this stuff is written and sometimes uninterpretable to laypeople. My guy at TIAA suggests that I should not lose the cost of the surrender charge and move back the 401a to Nationwide, and make all fu...
by paveldatsyuk44
Tue Jan 31, 2017 6:10 pm
Forum: Personal Investments
Topic: Nationwide is so incredibly frustrating!! [unexpected 401a transfer fees]
Replies: 8
Views: 1588

Nationwide is so incredibly frustrating!! [unexpected 401a transfer fees]

part of this post is venting my frustration, the other part is asking for guidance. -I had a 401a at Nationwide through my employer. Recently came to the realization that their fund choices were pretty bad (high ERs and no indexes). so i decided to transfer to TIAA (another vendor through my employer) -1 month ago TIAA rep and I conference call Nationwide to confirm that there will be no fees/penalties (e.g., surrender fee). Nationwide rep confirms this is true, explicitly ( we asked him twice, very clearly) -Nationwide takes 4 weeks to process and transfer the funds, which are now at TIAA -to my surprise, $4,700 is missing from the balance. TIAA and I call nationwide again and inquire. They "investigate" it and say there is no re...
by paveldatsyuk44
Sat Jan 28, 2017 6:39 pm
Forum: Personal Investments
Topic: Game won with market up and retire or Not Yet?
Replies: 34
Views: 6764

Re: Game won with market up and retire or Not Yet?

not sure what kind of physician you are, but perhaps consider working part time (with benefits) at an FQHC or community health center that is run properly. Focus on patient care and helping those most in need.
by paveldatsyuk44
Fri Jan 13, 2017 6:55 pm
Forum: Personal Investments
Topic: Sell loaded funds or wait 1 year?
Replies: 3
Views: 480

Re: Sell loaded funds or wait 1 year?

pretty funny, the numbers are clear as day!! my bad...it's been a long week...
by paveldatsyuk44
Fri Jan 13, 2017 6:50 pm
Forum: Personal Investments
Topic: Sell loaded funds or wait 1 year?
Replies: 3
Views: 480

Sell loaded funds or wait 1 year?

fnrcx 1.84% ER with 1% back load for 10 more months, $12k
fnicx 1.66% ER with 1% back load for 10 more months,
$5k
obocx 1.39% ER with 1% back load for 10 more months, $18k

Should i hold these until the loads are gone, or sell now and get into Van total stock, total bond, total international?

thanks
by paveldatsyuk44
Fri Jan 13, 2017 6:39 pm
Forum: Personal Investments
Topic: Thinking about leaving Ameriprise
Replies: 52
Views: 13010

Re: Thinking about leaving Ameriprise

also too, OP, if you feel you need advice at the outset you can hire a vanguard advisor (0.3% aum) or i recommend portfolio solutions. they could set you at ease the first year, and their fees are very reasonable. then you can go it alone after you feel comfortable. Their fees are over 1% less than my fees at ameriprise...
by paveldatsyuk44
Fri Jan 13, 2017 6:34 pm
Forum: Personal Investments
Topic: Thinking about leaving Ameriprise
Replies: 52
Views: 13010

Re: Thinking about leaving Ameriprise

OP. I was in a similar situation. Check out the recent threads i posted on here. My advice, is the questions should be not "should i" but "how to". Seriously, I've invested a great deal of time researching this. I'm very data driven, and i became 100% certain that Ameriprise is screwing most people. I decided to pursue a three fund portfolio between TIAA (my work retirements) and Vanguard. I recommend setting a timeline for yourself and get the transfers in process a few days before you tell your adviso. It is about business and doing what is in your best interest. One of my best friends was my advisor, and I wish i would have done the transfers before i had lunch with him. Be ready for transfer fees and back end loads....
by paveldatsyuk44
Tue Jan 10, 2017 4:50 pm
Forum: Personal Investments
Topic: Vanguard Traditional IRA and Roth IRA
Replies: 13
Views: 1536

Re: Vanguard Traditional IRA and Roth IRA

can you really convert your traditional to a roth for 2016? isn't it past the calendar year deadline for the 2016backdoor? questions are aimed at OP and others who know. You can do Roth conversions of any amount at any time. That's a non issue. The two real issues are: 1. $5500 or $6500 per person per year, through 4/15 following. 2. The pro rata tIRA to Roth IRA conversion rule. Small taxable gains in the tIRA prior to Roth conversion is another non issue. A third real issue is taxes due on a Roth conversion of larger wholely tax deferred amounts, but we're not discussing that here... Interesting. Everything i've ever read (and vanguard reps) have stated that roth conversions (backdoor) must occur before the end of the calendar year that ...
by paveldatsyuk44
Tue Jan 10, 2017 4:04 pm
Forum: Personal Investments
Topic: Vanguard Traditional IRA and Roth IRA
Replies: 13
Views: 1536

Re: Vanguard Traditional IRA and Roth IRA

can you really convert your traditional to a roth for 2016? isn't it past the calendar year deadline for the 2016backdoor? questions are aimed at OP and others who know.
by paveldatsyuk44
Sat Jan 07, 2017 3:53 pm
Forum: Personal Investments
Topic: Should I leave Ameriprise?
Replies: 58
Views: 8588

Re: Should I leave Ameriprise?

So I thought I would update you (those who may be interested) on the progress of moving my assets from Ameriprise > Vanguard (and TIAA). Specifically, how breaking the news to my Ameriprise advisor went and the whole process played out. Remember, this person is a good friend of mine which made me feel very awkward about the whole thing. Summary in bullets: - had lunch with my good friend (and advisor). Told him that I (my wife and I) "have decided to take a new approach, passive investing, and that we found great value in his work to date...but we feel we want to do it alone for now...happy with him as our advisor...but we no longer need a full-time advisor." My buddy was very cool with it, didn't ask too many questions. I asked h...
by paveldatsyuk44
Wed Dec 28, 2016 7:56 am
Forum: Personal Investments
Topic: Moving to Vanguard and TIAA, need some help
Replies: 4
Views: 843

Re: Moving to Vanguard and TIAA, need some help

Thanks CAsage, Duckie, and lazylarry. Your suggestions are much appreciated.

Lazylarry. Our emergency fund is $21k right now (we want $25), so it seems reasonable to use some of the liquidated funds from the taxable account toward the emergency fund ($4k) and then use the rest for living expenses ($4k) while increasing my 403b contribution $333/month for 12 months (DCA).

We are not maxing out our 403b, just contributing $3000/year. (the 403b is at TIAA with similiar options as the 401a)
by paveldatsyuk44
Tue Dec 27, 2016 9:24 am
Forum: Personal Investments
Topic: Moving to Vanguard and TIAA, need some help
Replies: 4
Views: 843

Moving to Vanguard and TIAA, need some help

(Hello all. I posted a thread a few weeks ago with my then portfolio details, but now things have since progressed and my situation has changed significantly. Thus it seemed reasonable and cleaner to start a new topic!) I am excited to change my investment/retirement strategy, but am a little confused and seek the wisdom of the bogleheads!! Context: been with Ameriprise and Nationwide for 5 years, and now moving my IRAs and a taxable account to Vanguard (transfer in process) and my 401a retirement is moving from Nationwide to TIAA. I plan on moving everything over to TIAA and Vanguard, liquidate the high ER funds, and purchase low-cost indexes in a three fund portfolio, long-term, I am not emotionally reactive or impulsive, want to keep it ...
by paveldatsyuk44
Fri Dec 02, 2016 8:53 pm
Forum: Personal Investments
Topic: Portfolio Feedback/Changing Strategies
Replies: 4
Views: 1165

Re: Portfolio Feedback/Changing Strategies

binvesting, thanks for your post and question. Let me clarify our budget situation. Basically, our monthly budget fluctuates a bit (as expected) and we have some categories in which our actual does not come close to expected. For example, we have $7k/year built in for vacations that we rarely take (spent maybe $600 in the past 2 years). $1300/month for our nanny (which could be more like $1100), $650/month for shopping/gifts (which is insane, I know). All of our monthly expenses/taxes are covered in our budget ($15,227) and we are meeting our retirement goals every month. I guess what this means is that our budget could use some updating and fine tuning. I have not been particularly worried about our budget surplus, given that our cash rese...
by paveldatsyuk44
Fri Dec 02, 2016 7:23 pm
Forum: Personal Investments
Topic: Portfolio Feedback/Changing Strategies
Replies: 4
Views: 1165

Re: Portfolio Feedback/Changing Strategies

Thanks for the feedback Krow. This is very reassuring.
by paveldatsyuk44
Wed Nov 30, 2016 12:17 pm
Forum: Personal Investments
Topic: Portfolio Feedback/Changing Strategies
Replies: 4
Views: 1165

Portfolio Feedback/Changing Strategies

Hi Everyone, I am very new to this board and group. I hope I've used the proper etiquette and format for my portfolio! My questions are at the bottom, and I appreciate your time and effort and feedback/suggestions! Please do not hesitate to ask me any questions. I will do my best to respond in a timely manner. ---- General Tax Filing Status: Married Filing Jointly; 1 dependent child Tax Rate: 28% Federal, 5% State, approx.. State of Residence: OH Age:35/35 Debt: Car loan: $9400 left, 2%; School loans: $6000 at 1%; Mortgage $342k at 3.6% (value $475). Income: Me: $86k from day job, $7k from very small independent private practice Wife: $90k from pt day job Any budget surplus usually comes from the $7k private practice, we usually get back $3...
by paveldatsyuk44
Tue Jan 26, 2016 8:42 pm
Forum: Personal Investments
Topic: Should I leave Ameriprise?
Replies: 58
Views: 8588

Re: Should I leave Ameriprise?

Thank you, dearly, for the replies and information. I'm sure I will be studying every inch of .org.

My next problem to solve is figuring how to explain this to my friend without completely insulting him personally. Business is business though, and it's my money.

I'm not sure if this is worth considering at this point, but should I wait for the market to come up a bit before moving things? Some of the funds are higher risk, and have performed worse than the S&P over the past couple of weeks. Maybe they will slingshot up as the overall market improves?? I still have the urgency to get the heck out ASAP, though!!
by paveldatsyuk44
Tue Jan 26, 2016 6:48 pm
Forum: Personal Investments
Topic: Should I leave Ameriprise?
Replies: 58
Views: 8588

Should I leave Ameriprise?

Hello All. I am very new to this board and have begun taking more of an active role in my retirement/investments (by active I mean making sure my wife and I are doing the right things with our money). I am considering moving my investments from Ameriprise to Vanguard (or some other three fund portfolio). I pay my financial planner (who also happens to be a good friend) a "$500" annual fee and it appears that most of his recommended funds' expense ratios are too high for my liking, notwithstanding the selected funds seem to benefit Ameriprise on the backend. The financial planner has been very helpful with budgeting, but I'm leery about the choices and method of investing. I am motivated and confident that I could oversee my own in...