Search found 24990 matches

by retiredjg
Thu May 26, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home next door without agent
Replies: 10
Views: 892

Re: Buying home next door without agent

If there is an agent already involved, you probably cannot get the house FSBO. If you had spoken to the owner before the agent got involved, it might be different. Having a buyer's agent is not going to change things much. It might offer you a little help/protection, but even a buyer's agent has a v...
by retiredjg
Thu May 26, 2016 4:06 pm
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 59
Views: 4565

Re: Bernstein says emergency fund part of your "asset allocation?"

Bill Bernstein wrote:I hesitated to post on this one….

Thanks for posting Dr. Bill! I often wonder what people currently think about an opinion they had back 10 or 20 years ago. :happy
by retiredjg
Thu May 26, 2016 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Options after 401k? AND What's the value of tax deferment?
Replies: 11
Views: 978

Re: Options after 401k? AND What's the value of tax deferment?

1. After maxing out personal contribution of 18K and a small employer match (5K), and doing a backdoor ROTH IRA for my spouse and I, what are the next options for saving for retirement? (this gets to 33k/y) Based on my income I would need to save more to have a proper amount for retirement. Right n...
by retiredjg
Thu May 26, 2016 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: As bad as I think it is? [403(b) plan choices]
Replies: 36
Views: 2802

Re: As bad as I think it is?

It is ugly, but you should probably use it unless you will be at this company for a very long time (15 or 20 years).
by retiredjg
Thu May 26, 2016 8:35 am
Forum: Investing - Help with Personal Investments
Topic: IRA vs 401k & 403b money
Replies: 14
Views: 783

Re: IRA vs 401k & 403b money

I think it probably happens more often than people realize. You are lucky you realized it this quickly and actually have paperwork to back up what has occurred.

I agree that the original custodian has no options to act. Do let us know what the current custodian does.
by retiredjg
Tue May 24, 2016 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: IRA vs 401k & 403b money
Replies: 14
Views: 783

Re: IRA vs 401k & 403b money

I'll be interested in hearing what eventually happens.
by retiredjg
Tue May 24, 2016 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: IRA vs 401k & 403b money
Replies: 14
Views: 783

Re: IRA vs 401k & 403b money

The custodian that now has the money wants the original custodian to send them an indemnity letter and a request to reverse the rollover. Then do the rollover again with two separate checks. Thanks for the update. I was wondering how this would work out. What do you mean "do the rollover again...
by retiredjg
Tue May 24, 2016 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: When will Annual Roth IRA Contribution Limit Increase
Replies: 21
Views: 3517

Re: When will Annual Roth IRA Contribution Limit Increase

Wouldn't it make more sense to….. You have to give some consideration to how these laws evolve. Every time a law is made about retirement plans (or anything for that matter), the law is made by a different Congress than existed in the past when other laws were made. Yeah, they probably do try to ma...
by retiredjg
Tue May 24, 2016 3:42 pm
Forum: Investing - Theory, News & General
Topic: safe alternative to stock market
Replies: 61
Views: 5648

Re: safe alternative to stock market

I think this person needs to consider letting someone else manage his portfolio. Portfolio management does not suit everybody. Better to realize that in the good times and take positive steps before mistakes harm the portfolio. I'd suggest Vanguard's PAS at .3%. Put the TSP into a LifeCycle Fund or...
by retiredjg
Tue May 24, 2016 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Move after-tax Traditional IRA contribution to Roth
Replies: 10
Views: 1146

Re: Move after-tax Traditional IRA contribution to Roth

Form 8606 is a form that you fill out (or your tax program generates) when you do your tax return. If you told Turbo Tax you made a non-deductible contribution to tIRA, it should have generated the Form 8606. If it did not, you may have entered it incorrectly.
by retiredjg
Tue May 24, 2016 6:59 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - S&P 500 vs TMI vs ACWI ex US
Replies: 21
Views: 788

Re: Tax Loss Harvesting - S&P 500 vs TMI vs ACWI ex US

That is consistent with how I understand it, but it is something of a grey area. The IRS has definitely stated that IRAs are included, but there has been no indication on where 401ks fit. It seems that some people think this was intentional and that 401ks are definitely not intended to be included. ...
by retiredjg
Mon May 23, 2016 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Excessive Expense Ratios for Index Funds in 401(k)
Replies: 10
Views: 662

Re: Excessive Expense Ratios for Index Funds in 401(k)

That is about the same cost of the fund at Morningstar (.72%) Not sure what that means. The employer may be paying the cost of the plan but the plan administrator just offers expensive choices. If you want to get involved in it, it might be worth asking the employer and comparing to what a different...
by retiredjg
Mon May 23, 2016 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Excessive Expense Ratios for Index Funds in 401(k)
Replies: 10
Views: 662

Re: Excessive Expense Ratios for Index Funds in 401(k)

Your small company may be doing the best they can. Sometimes, they just need to pass on the cost of operating the plan to the employees. I'd agree if your expense ratios are still in the .3% to .8% region, the plan would have to qualify as a pretty good one. Even if it is a bad one, you should proba...
by retiredjg
Mon May 23, 2016 11:15 am
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 59
Views: 4565

Re: Bernstein says emergency fund part of your "asset allocation?"

My question is: If someone has an emergency fund of "6-12 months expenses" in safe keeping (like Ally Bank), does this factor into your overall portfolio? I think it depends on the size of your portfolio. And your own preferences. If your emergency fund is $30k and your money set aside fo...
by retiredjg
Mon May 23, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Buying land in West
Replies: 30
Views: 2760

Re: Buying land in West

He made it clear that he was not interested in letting them drill and they made it clear that if they decided to proceed his options would be limited. It is a bit like eminent domain in that you have the right to be compensated, but not to refuse entirely. This is close to my understanding as well....
by retiredjg
Sun May 22, 2016 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Appropriate fund for solo 401K?
Replies: 21
Views: 632

Re: Appropriate fund for solo 401K?

Does one solo 401K allow for a component that is Roth and a component that is tax deferred or would that mean opening two separate solo 401K's? I've never had one, but from what I can gather reading here on the forums, one solo 401k plan can hold both types. But you should ask and work that into yo...
by retiredjg
Sun May 22, 2016 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: IRA vs 401k & 403b money
Replies: 14
Views: 783

Re: IRA vs 401k & 403b money

I think what you are saying is right. But the basis still stands until it is used. So money rolled out (even if it is considered pre-tax) could be converted to Roth without paying tax because of the basis that is documented on the Form 8606.

Am I missing something?
by retiredjg
Sun May 22, 2016 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Appropriate fund for solo 401K?
Replies: 21
Views: 632

Re: Appropriate fund for solo 401K?

No matter what tax brackets you move into and out of, it is good to arrive at retirement with both Roth and pre-tax money. I think as long as you are in the 15% bracket that using Roth 401k is fine. Good in fact. Getting money into Roth status at 15% is about as low as most people can ever hope for....
by retiredjg
Sun May 22, 2016 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Appropriate fund for solo 401K?
Replies: 21
Views: 632

Re: Appropriate fund for solo 401K?

Regarding your 401k. Not every custodian offers a Roth Individual IRA. Vanguard does. Fidelity does not (as I remember). I don't know what others do.
by retiredjg
Sun May 22, 2016 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Appropriate fund for solo 401K?
Replies: 21
Views: 632

Re: Appropriate fund for solo 401K?

Yeah, that works too.
by retiredjg
Sun May 22, 2016 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Appropriate fund for solo 401K?
Replies: 21
Views: 632

Re: Appropriate fund for solo 401K?

I would approach it somewhat differently. Not because I think livesoft's idea is wrong, but because I think most new investors would have trouble actually implementing it because it is counter-intuitive. However, with experience, it should make more sense. I'd suggest that you set aside about 6 mont...
by retiredjg
Sun May 22, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Buying land in West
Replies: 30
Views: 2760

Re: Buying land in West

Valuethinker wrote:...ie in Colorado trapping rainfall on your property is an offence (it belongs to the downstream properties).

Wow. Didn't know that one. But yes, water issues are abundant west of the Mississippi and some of them seem very odd if you don't know the history behind it.
by retiredjg
Sun May 22, 2016 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Buying land in West
Replies: 30
Views: 2760

Re: Buying land in West

One thing that is different out west is that mineral and water rights may not accompany your rights to the surface of the property. Yes, someone could theoretically mine or drill for oil on your property. Or you might buy some property that has no water and no rights to water flowing nearby. Complet...
by retiredjg
Sun May 22, 2016 9:38 am
Forum: Investing - Help with Personal Investments
Topic: IRA vs 401k & 403b money
Replies: 14
Views: 783

Re: IRA vs 401k & 403b money

I think that is what I'd do. It seems like you are just correcting the mistake once you realize you have made it. The custodian has no idea if the money you are rolling over was deducted from your taxes or not. At some point, you may have have inadvertently told them the money was all pre-tax - smal...
by retiredjg
Sun May 22, 2016 8:24 am
Forum: Investing - Help with Personal Investments
Topic: IRA vs 401k & 403b money
Replies: 14
Views: 783

Re: IRA vs 401k & 403b money

Did you roll the non-deductible contributions into the 403b as well? Non-deductible contributions are not supposed to be rolled into a 403b. I do not know if there is a fix for this or not. Since you did it this year, maybe it is not too far back to fix it. The Form 8606 does not apply to your 403b,...
by retiredjg
Sun May 22, 2016 7:55 am
Forum: Investing - Help with Personal Investments
Topic: IRA vs 401k & 403b money
Replies: 14
Views: 783

Re: IRA vs 401k & 403b money

It sounds to me like you have an IRA worth $40k that has a basis of $25k. All your other money is in the 401k/403b, right?
by retiredjg
Sat May 21, 2016 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Tax-efficiency mistake!
Replies: 13
Views: 1293

Re: Help! Tax-efficiency mistake!

Since you are in the 15% tax bracket it probably does not matter much. Or you could set it up like this to get the allocation you want. Taxable $150k Total Stock Total International Total Bond Roth IRA $11k Total Bond You'll pay a little tax on the Total Bond in the taxable account, but that is real...
by retiredjg
Sat May 21, 2016 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Tax-efficiency mistake!
Replies: 13
Views: 1293

Re: Help! Tax-efficiency mistake!

Holding Total Bond in taxable could be tax-efficient enough if you are in a lower tax bracket. Do you know your tax bracket? (Hint…telling us your AGI is not helpful since we don't know your marital status and we don't know your taxable income.) Compare your taxable income, line 43 of Form 1040, to ...
by retiredjg
Sat May 21, 2016 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: 401k and backdoor roth after ceasing employment?
Replies: 14
Views: 910

Re: 401k and backdoor roth after ceasing employment?

A few have reported they become responsible for fees the employers paid before they left employment. I suspect this happens more often than reported, but people just don't notice. I also suspect it does not happen with every plan.
by retiredjg
Sat May 21, 2016 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends [What funds pay them?]
Replies: 33
Views: 1498

Re: Dividends [What funds pay them?]

I'm gonna repeat what LadyGeek just said. Please stop posting your accounts like that. It is not information we can use. If you want help with your investments, you need to post your entire picture in the format we use . It is set up so that people can give you the most reliable assistance. You are ...
by retiredjg
Sat May 21, 2016 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: When to sell?
Replies: 86
Views: 4114

Re: When to sell?

deleted
by retiredjg
Sat May 21, 2016 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends [What funds pay them?]
Replies: 33
Views: 1498

Re: Dividends

See here: https://www.bogleheads.org/wiki/Getting_started Yes. This is a good place to start. Looking for dividends is probably not the best plan. I know you are doing it because that's what you've heard about, but that takes you off in the wrong direction. What you should consider, instead, are fu...
by retiredjg
Sat May 21, 2016 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?
Replies: 56
Views: 3615

Re: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?

I don't trust the calculators much either. Just before the big real estate mess in 2008, my mortgage person said I could afford almost twice the house I bought. Sheer lunacy. This may not be a popular opinion, but I think if you can't afford the 20% downpayment, you can't afford the house. To my kno...
by retiredjg
Sat May 21, 2016 9:17 am
Forum: Investing - Help with Personal Investments
Topic: is it worth it to add REITs to my simple 3 fund portfolio?
Replies: 24
Views: 1165

Re: is it worth it to add REITs to my simple 3 fund portfolio?

basically as the subject asks, is it worth it for me to add 10% REITs to my simple 3 fund portfolio of vanguard total US stock, total international stock, and total bond index fund in my current situation (about 90/10 allocation)? The answer is unknown and unknowable. It depends on what the market ...
by retiredjg
Sat May 21, 2016 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Need help on 401k - roth or traditional???
Replies: 43
Views: 2152

Re: Need help on 401k - roth or traditional???

Whatever you choose now, when you move into the 28% bracket, I don't think many would suggest using Roth 401k at that point.
by retiredjg
Fri May 20, 2016 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for fidelity funds for lazy portfolio
Replies: 8
Views: 1046

Re: Looking for fidelity funds for lazy portfolio

I read in another thread that the Spartan Index funds are being renamed to Fidelity ______ Index Fund. Apparently, they are keeping their ticker symbols. Not sure when the change is happening.
by retiredjg
Fri May 20, 2016 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Need help on 401k - roth or traditional???
Replies: 43
Views: 2152

Re: Need help on 401k - roth or traditional???

And here we go again…. Cheeko, this argument has been going on forever and there are good points on either side. In your case there may be very little difference between using traditional 401k and putting excess money into taxable vs using Roth 401k and not having excess money to put into taxable (b...
by retiredjg
Fri May 20, 2016 7:35 am
Forum: Investing - Theory, News & General
Topic: safe alternative to stock market
Replies: 61
Views: 5648

Re: safe alternative to stock market

I think this person needs to consider letting someone else manage his portfolio. Portfolio management does not suit everybody. Better to realize that in the good times and take positive steps before mistakes harm the portfolio. I'd suggest Vanguard's PAS at .3%. Put the TSP into a LifeCycle Fund or ...
by retiredjg
Fri May 20, 2016 6:07 am
Forum: Investing - Help with Personal Investments
Topic: Best way to move fr Fid manage to VG index or Fid indx
Replies: 10
Views: 541

Re: Best way to move fr Fid manage to VG index or Fid indx

It is an IRA, and yes I have been reading. The more I read the longer I have been waiting, lots of ideas. I just don't want to damage my savings. It appears you have been considering leaving this advisor for almost 3 years. If you are now convinced that leaving is the best choice, let us help you d...
by retiredjg
Thu May 19, 2016 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: 401k and backdoor roth after ceasing employment?
Replies: 14
Views: 910

Re: 401k and backdoor roth after ceasing employment?

You are both correct, but it appears you are talking about 2 different things. :happy
by retiredjg
Thu May 19, 2016 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to move fr Fid manage to VG index or Fid indx
Replies: 10
Views: 541

Re: Best way to move fr Fid manage to VG index or Fid indx

In order to help with this type of question, a lot of information is needed. In fact, it is not really possible to give you reliable help without it. For example, I looked at your old posts, and apparently that managed account is an IRA of some kind. Changing that would be entirely an different thin...
by retiredjg
Thu May 19, 2016 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds: High ER or Roth. Which is worse?
Replies: 13
Views: 744

Re: Bonds: High ER or Roth. Which is worse?

I don't think the question can be answered with just the information given. It might be more important to put international in Roth and pay the high ER for bonds in the 401k. I don't think buying bonds in Roth IRA is a bad idea if that is what you need to do. But sometimes people need that space for...
by retiredjg
Thu May 19, 2016 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to move fr Fid manage to VG index or Fid indx
Replies: 10
Views: 541

Re: Best way to move fr Fid manage to VG index or Fid indx

64 old $850,000 manage Fid $580,000 old 401k Social Security at age 70 with luck $200,000 CDs,Roth, I am looking for any advise about the following .after close managed account stay at Fidelity and buy no load index funds ." " " " transfer to VG and buy no load index funds ? All...
by retiredjg
Thu May 19, 2016 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: 401k and backdoor roth after ceasing employment?
Replies: 14
Views: 910

Re: 401k and backdoor roth after ceasing employment?

I think I've heard that some people have to pay something for the management of the 401k once they leave the employer (assuming they were not paying it before). If that is true in her plan, you'll have to decide if the extra fee is worth her being able to use the back door to contribute to Roth IRA....
by retiredjg
Thu May 19, 2016 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Which 401k funds should I choose?
Replies: 5
Views: 216

Re: Which 401k funds should I choose?

Hello, can you assist in what funds I should be in on my Principle 401k Employer Plan? I also am curious if I am able to roll these funds over to a different plan like VanGuard IRA or something that has better fees and earning potential? You cannot roll that plan over until you leave the company. I...
by retiredjg
Thu May 19, 2016 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity's Total Bond Fund
Replies: 18
Views: 1152

Re: Fidelity's Total Bond Fund

There are good ways to get more corporate exposure if that is what someone wants. Unfortunately, Fidelity does not offer any mutual fund like that cheaper than .45%. If there is an account at Vanguard, there are several choices at Vanguard.

Fido might offer a cheaper no-trans-fee ETF though.
by retiredjg
Thu May 19, 2016 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Need help on 401k - roth or traditional???
Replies: 43
Views: 2152

Re: Total Portfolio Review - need advice

If you put your "extra" money into the 529, then I'd use traditional 401k (because your situation is no longer "saturated" until the 529's are filled and you have extra money again). Once you are filling everything, Roth 401k makes some sense for the extra money vs putting it int...
by retiredjg
Thu May 19, 2016 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity's Total Bond Fund
Replies: 18
Views: 1152

Re: Fidelity's Total Bond Fund

You seem to be asking about their actively managed fund called Total Bond with an ER of .45% (retail). You said "retirement account". If you mean a 401k type account, do you have other bond choices? If so, is there anything cheaper than their Total Bond?
by retiredjg
Thu May 19, 2016 9:26 am
Forum: Investing - Help with Personal Investments
Topic: One step closer leaving Wellington
Replies: 6
Views: 1160

Re: One step closer leaving Wellington

I too think Wellington is an awesome fund, but it seems you are "done" with it. I don't see any reason to continue holding a 5% slice.

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