Search found 70 matches

by plasma800
Wed Aug 30, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's IRA
Replies: 16
Views: 1051

Re: Mom's IRA

Alan S. wrote:
Wed Aug 30, 2017 6:12 pm
Given that it was WF, might be a good idea to make sure that they did not open several other accounts that she may not even be aware of. That would have generated more bonus revenue for whoever was managing this IRA, and might have affected her credit score.
how?
by plasma800
Wed Aug 30, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's IRA
Replies: 16
Views: 1051

Re: Mom's IRA

David Jay wrote:
Wed Aug 30, 2017 4:45 pm
LifeStrategy Conservative. One fund. Perpetual 40:60 (stock:bond) allocation.

I have instructions to my DW to move everything to LS if I pass before I get it moved (after start of RMD)
Also great advice
by plasma800
Wed Aug 30, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's IRA
Replies: 16
Views: 1051

Re: Mom's IRA

If she does not have a lot of other accounts outside the IRA then a target date fund would be ideal for her. There are at least three problems with other choices; 1) You could get hit by the proverbial Mack truck the day after you set up her portfolio. She might not know what to do with it then. 2)...
by plasma800
Mon Aug 28, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's IRA
Replies: 16
Views: 1051

Re: Mom's IRA

7 bucks each
by plasma800
Fri Aug 25, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's IRA
Replies: 16
Views: 1051

Re: Mom's IRA

Yeah the RMD's have started. I was considering like... Target Retirement Income or something like that. This is pretty much her only savings. She gets social security, and She's still working, and I'm trying to both "grow" this money (some) and "protect" it (some)... because once she runs out of cas...
by plasma800
Fri Aug 25, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's IRA
Replies: 16
Views: 1051

Mom's IRA

I've moved my moms IRA moved to Vanguard. Come to find out, WF was only charging her 100 dollars per year, and no one was minding the ship.. if you can believe that. Her IRA was moved in kind, and is invested in 80 separate stocks. No one knows who picked these stocks but they haven't been touched i...
by plasma800
Thu Aug 17, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with $70,000?
Replies: 2
Views: 645

Re: What to do with $70,000?

How far into the mortgage are you? I'm not saying this is the answer, but depending on your mortgage situation, I always like to get my mortgage flip flopped where I'm paying more in principle than interest. Your amort. chart would show you where that happens. However, you might not care about that....
by plasma800
Tue Aug 15, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

The question is where do I roll it each year? I'm thinking he makes his deposit after jan 1 of each year. If her 401k allows incoming rollovers she can roll the pre-tax SEP IRA contribution to her 401k each year, just like she should roll her TIRA over to the 401k. The TIRA rollover is a one-time t...
by plasma800
Sat Aug 12, 2017 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

To note, her sep is currently empty, as the dollars were rolled into her traditional at the start of the year. The SEP IRA has to be empty on December 31st of each year for the backdoor method to work right. That can be done. I'm not sure when her employer makes his deposits, but I can find out. Th...
by plasma800
Sat Aug 12, 2017 6:51 am
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

Hi, trying to get my head wrapped around something... I'm 100% owner of a Texas S corp with employees. I file an 1120s K-1. I'm opening a safe harbor through Employee Fiduciary. My wife and I both have traditional IRA's with balances of +/- 52k and 30k I'm in a higher tax bracket. My plan is to fun...
by plasma800
Fri Aug 11, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

Further, my wife does not contribute to her part time works SEP, she only receives his flat % he gives to all employees. Unless her SEP IRA (and any other non-Roth IRA) is empty at the end of the year, every year, the backdoor method will be a problem for her because of the pro-rata rule . To note,...
by plasma800
Fri Aug 11, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

Why not just make a non Roth after tax contribution to your 401k up to the limit of 54k and make an in-service distribution of the after tax portion of your contributions to your Roth IRA in accordance with IRS notice 2014-54. If you contribute 18k pretax and contribute 36k after tax, you will be a...
by plasma800
Fri Aug 11, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

celia wrote:
plasma800 wrote:My IRA is all deducted. I put in 5500 per year from ground zero, and wrote off the 5500 for several years now.
Sorry. I mis-read it. Ask your 401K administrator if they will accept a rollover of it.
:thumbsup
by plasma800
Fri Aug 11, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

My IRA is 100% deducted, non-employer provided traditional IRA. My wife's ira consists of a % of funds rolled from her SEP-IRA provided by another employer, for whom she still works part time. The rest of her IRA is traditional, 100% deducted, non employer provided traditional IRA money. Further, m...
by plasma800
Fri Aug 11, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

You'll have to see which money your 401K accepts as a rollover. Your IRA could contain any --or-- all of these: Rollover of 401K from previous employer (and its growth while in the IRA) Deductible IRA contributions (and their growth while in the IRA) Non-deductible IRA contributions (and their grow...
by plasma800
Fri Aug 11, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

Doesnt your EF 401k allow rollovers of your Trad IRA balances to the 401k plan? This is a great question, and one I now know to ask... I hadn't yet crossed this bridge. Let's play out the scenario is this is possible. One would roll the ira into the 401k... Then one would now be able to backdoor RO...
by plasma800
Fri Aug 11, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

Doesnt your EF 401k allow rollovers of your Trad IRA balances to the 401k plan? This is a great question, and one I now know to ask... I hadn't yet crossed this bridge. Let's play out the scenario is this is possible. One would roll the ira into the 401k... Then one would now be able to backdoor RO...
by plasma800
Fri Aug 11, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

Re: 401k + ira + roth = confused

No matter what, I'll have the 5500 dollars laying around, as I make way more money than I can contribute to our 401k's... the only choices I have with the additional income is to save it in a checking account, save it in a taxable investment account, or buy a yacht (kidding, i'd never buy a yacht) I...
by plasma800
Fri Aug 11, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2274

401k + ira + roth = confused

Hi, trying to get my head wrapped around something... I'm 100% owner of a Texas S corp with employees. I file an 1120s K-1. I'm opening a safe harbor through Employee Fiduciary. My wife and I both have traditional IRA's with balances of +/- 52k and 30k I'm in a higher tax bracket. My plan is to fund...
by plasma800
Wed Aug 02, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: help with method to dividing portfolio in assets
Replies: 9
Views: 660

Re: help with method to dividing portfolio in assets

and I have one more little wrench, my after tax currently hold target retirment, but i haven't held it for 12 months. I hate to sell it off until 12 months, but on the other hand, i only hold around 5500 of it.. so.. maybe selling it wouldn't have that high of a tax consequence. and I'm in the proce...
by plasma800
Wed Aug 02, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: help with method to dividing portfolio in assets
Replies: 9
Views: 660

Re: help with method to dividing portfolio in assets

ok, ill go from there.

I am having a hard time deciding if I want to keep my target retirement funds or not. Those hold 34% intl roughly...
by plasma800
Tue Aug 01, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: help with method to dividing portfolio in assets
Replies: 9
Views: 660

Re: help with method to dividing portfolio in assets

For instance, I want say 60% us stocks 20% international stocks 10% bonds. for instance, hypothetically I have 58k in one ira 23k in another ira 7600 in an HSA 6782 in another hsa 5500 in after an after tax... so forth.... splitting it up logically, just looking for method that says Buy X US stock w...
by plasma800
Tue Aug 01, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: help with method to dividing portfolio in assets
Replies: 9
Views: 660

Re: help with method to dividing portfolio in assets

I think im really clear on my AA, I just find it difficult to figure out how to spread it across 2 ira's, 2 hsa's , 2 401ks, 1 taxable, all with differing dollar amounts in them. To be able to easily see how much to buy of which asset in which account to meet the allocation target in a simple format...
by plasma800
Tue Aug 01, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: help with method to dividing portfolio in assets
Replies: 9
Views: 660

help with method to dividing portfolio in assets

I'm wondering if anyone has a spreadsheet or an online tool, where I can enter the dollars in each of my accounts, and enter my desired allocation %'s and it spits back a result saying buy this much of that in that account, and that much of this in this account...
by plasma800
Sun Jul 30, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help with HSA Investments
Replies: 13
Views: 1344

Re: Help with HSA Investments

I didn't read every post, but I put both mine and my wife's HSA at health equity into target retirement funds. Simple and easy. AS AN ASIDE, watch your Health Equity account closely! They are prone to "errors". For instance, on 3 occasions they have assessed a large, unnamed fee. One was around 400,...
by plasma800
Sun Jul 30, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

Perhaps Vanguard's compare page on work plans could be useful (I have heard Fidelity has some advantage over V, but thought this page was helpful to get a general idea): https://investor.vanguard.com/what-we-offer/small-business/compare-plans?Link=facet On another topic, thank you, Tyler, for an ex...
by plasma800
Sun Jul 30, 2017 12:18 am
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

Have you investigated the possibilities for setting up more options for tax deferred accounts? Do both you and your wife have businesses that do not lend themselves to any type of retirement accounts, solo 401k, SEP IRA, etc? We have been working on setting up a 401k for our jointly owned business....
by plasma800
Sun Jul 30, 2017 12:09 am
Forum: Investing - Help with Personal Investments
Topic: Please help me draft an Investment Policy Statement
Replies: 4
Views: 598

Re: Please help me draft an Investment Policy Statement

on another note, i'd skip international for now. One of your questions was how do you produce income from your investments NOW. I think the question here is where is all of your money at the moment and how much? is it locked into accounts you can't touch without a penalty (aside from the tips) or is...
by plasma800
Sun Jul 30, 2017 12:04 am
Forum: Investing - Help with Personal Investments
Topic: Please help me draft an Investment Policy Statement
Replies: 4
Views: 598

Re: Please help me draft an Investment Policy Statement

So many variables.. First, getting on your feet is critical. Businesses need, and consume cash. Consider a business savings plan first that puts away income for future businesses expenses needed for growth literally in a savings account. Think of it as living expenses for your business. Could be for...
by plasma800
Sat Jul 29, 2017 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

Excellent, Excellent, Excellent.. thank you all so much! :beer
by plasma800
Sat Jul 29, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

part of me wonders if I should hold back some cash in order to buy more if it does go bear for a while... Yes the market is at all time highs. The problem is that often the market will never go lower. So if you hold back until it dips below today you might be holding cash for eternity. And if a cor...
by plasma800
Sat Jul 29, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

Hi all, I'm pondering. I have an IRA, my wife has an IRA I have an HSA, my wife has an HSA Each are maxed out every year. I've placed both of mine in Target Retirement 2040, and both of hers in 2050. However, I'm no wear near maxed out on how much I have left to invest. This leads me to my taxable ...
by plasma800
Sat Jul 29, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

I have a presentation on balanced funds that I produced on behalf of South Bay Bogleheads. Hopefully it can of help. https://drive.google.com/file/d/0B6-vl5CrWRtDQ3JHeW9yYnl0ZUE/view?usp=sharing I do not recommend Target Retirement Funds for taxable accounts. Eventually they will become quite bond ...
by plasma800
Fri Jul 28, 2017 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

Let's use $65K as sample portfolio with a 70/30 split - 20% international. Total Stock Market Admiral Class - $36,400 Total International Index - $9,100 Intermediate Tax Exempt - $19,500 Total $65K How do you control distributions? - the first two funds throw off mainly qualified dividends, the lat...
by plasma800
Fri Jul 28, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

Taxable portfolio offers benefits an all-in-one fund does not - tax loss harvesting mainly and control of distributions that can be taxable in nature. I need to learn more about both of these subjects. I know a little about harvesting, but have almost no knowledge of controlling distributions. I'll...
by plasma800
Fri Jul 28, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

This is why I don't love target retirement funds for people who are paying this level of attention to what they hold. #1 they force you to hold taxable bonds in taxable and #2 they force you into a set international allocation. I find it easier to hold 3 funds, spread out across my accounts to maxi...
by plasma800
Fri Jul 28, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

I read the post on 20% being a good target for international. That got my mind thinking about the AA in the target retirements. So let me make sure I'm clear on what you are suggesting. Instead of buying VFORX in my taxable account, I would instead set it up with it's own AA of stock, international...
by plasma800
Fri Jul 28, 2017 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

I read the post on 20% being a good target for international. That got my mind thinking about the AA in the target retirements. So let me make sure I'm clear on what you are suggesting. Instead of buying VFORX in my taxable account, I would instead set it up with it's own AA of stock, international,...
by plasma800
Fri Jul 28, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

Re: target retirement in taxable?

I'm also taking into consideration the AA of the target retirement funds, which are VFORX 1 Vanguard Total Stock Market Index Fund Investor Shares 52.0% 2 Vanguard Total International Stock Index Fund Investor Shares 34.8% 3 Vanguard Total Bond Market II Index Fund Investor Shares† 9.4% 4 Vanguard T...
by plasma800
Fri Jul 28, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable?
Replies: 25
Views: 1802

target retirement in taxable?

Hi all, I'm pondering. I have an IRA, my wife has an IRA I have an HSA, my wife has an HSA Each are maxed out every year. I've placed both of mine in Target Retirement 2040, and both of hers in 2050. However, I'm no wear near maxed out on how much I have left to invest. This leads me to my taxable a...
by plasma800
Thu Jul 20, 2017 9:04 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth?
Replies: 15
Views: 1229

Re: Backdoor Roth?

I guess one big question I haven't answered is: Can you convert only new contributions, or can you convert past contributions too. I understand that if my balance was say 22900, and I contribute 5500 for 17, and I want to convert the 5500 then the math is 22900 + 5550 = 28400 5500 / 28400 = .19 Tax ...
by plasma800
Thu Jul 20, 2017 8:12 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth?
Replies: 15
Views: 1229

Re: Backdoor Roth?

AND I just contributed the max for both her and myself into the vanguard traditional IRA's I just opened last week. That's ok. An IRA becomes "traditional" or "non-deductible" only after you file your 2017 taxes and take the deduction, or file Form 8606. You can convert to a Roth any time you like ...
by plasma800
Thu Jul 20, 2017 8:11 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth?
Replies: 15
Views: 1229

Re: Backdoor Roth?

Earl Lemongrab wrote:Just to clarify, your S-corp has other employees?

S-Corp absolutely has employees.
by plasma800
Thu Jul 20, 2017 8:10 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth?
Replies: 15
Views: 1229

Re: Backdoor Roth?

AND I just contributed the max for both her and myself into the vanguard traditional IRA's I just opened last week. That's ok. An IRA becomes "traditional" or "non-deductible" only after you file your 2017 taxes and take the deduction, or file Form 8606. You can convert to a Roth any time you like ...
by plasma800
Wed Jul 19, 2017 5:49 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth?
Replies: 15
Views: 1229

Re: Backdoor Roth?

AND I just contributed the max for both her and myself into the vanguard traditional IRA's I just opened last week.
by plasma800
Wed Jul 19, 2017 5:48 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth?
Replies: 15
Views: 1229

Re: Backdoor Roth?

Ok so, I have a traditional IRA. I just fired my adviser firm and am moving the entire thing to Vanguard tomorrow. Same for my Wife's ira, which is partly made up of money moved from her SEP IRA at another employer. I'm self-employed with 100% ownership of an S Corp, my wife works for the business o...
by plasma800
Wed Jul 19, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Investing, Saving, Debt reduction
Replies: 26
Views: 2157

Re: Advice Needed - Investing, Saving, Debt reduction

But trust me, your kids want you to be saving enough for retirement. My mom is in her 50s and we both have about the same amount saved for retirement. I'm on track. She is not, and I'm terrified. I feel like you're letting your aversion to debt (for both yourself and your kids) cloud your judgement...
by plasma800
Wed Jul 19, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth?
Replies: 15
Views: 1229

Backdoor Roth?

Can anyone enlighten me about the what's and hows of a "backdoor" roth? I'm not that familiar with the rules of engagement with IRA's, seeking to learn something new. Apparently, I make too much money for a Roth, and I guess my wife would be included in that as we file jointly? Either way, I'm curio...
by plasma800
Wed Jul 19, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: how to destroy hard disk with personal info
Replies: 99
Views: 7856

Re: how to destroy hard disk with personal info

I'm pretty sure he said the drives were inoperable.

I'd toss em in my burn barrel along with all the other mail and stuff I burn up :)
by plasma800
Wed Jul 19, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Artist Son - 10 years old
Replies: 17
Views: 2418

Re: Artist Son - 10 years old

Hello All, My son is 10 years old (entering 5th grade) and is an artist. He recently started doing tile art and I loved it. One friend suggested to sell it. I put it on letgo and it got sold for $5. My colleague in office order four tiles. But i am wondering what other options I have to sell his ar...