Search found 24023 matches

by retiredjg
Tue Feb 09, 2016 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions and RMDs - Timing question
Replies: 3
Views: 107

Re: Roth Conversions and RMDs - Timing question

My guess is that you can do Roth conversions now since you are still working. It's just a common sense conclusion because there could be people in your position (working after 70.5) who don't know if they will retire this year or not. For example, every year there are people who intend to keep worki...
by retiredjg
Tue Feb 09, 2016 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Help with investement decisions. Both teachers and two babies
Replies: 24
Views: 1477

Re: Help with investement decisions. Both teachers and two babies

Vanguard does have some funds that can be opened with only $1k - the Target Retirement series. These are all-in-one funds like the LifeStrategy series, but they migrate to a more conservative stance over time. https://investor.vanguard.com/mutual-funds/target-retirement/#/ It is suggested that you i...
by retiredjg
Mon Feb 08, 2016 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Move 1M from 401k at 59 ½ ?
Replies: 11
Views: 1288

Re: Move 1M from 401k at 59 ½ ?

That's a big chunk of money. I might consider moving it in thirds or 4ths if they let you. But first you need to be sure your plan allows the move at 59.5.
by retiredjg
Mon Feb 08, 2016 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Quest for lower fees: Found lowest cost option yet. Go with it?
Replies: 22
Views: 1203

Re: Quest for lower fees: Found lowest cost option yet. Go with it?

If this money is in a taxable account, Vanguard pretty much has everyone beat for tax-efficiency because of the way they structure their funds. Be sure to check that.
by retiredjg
Mon Feb 08, 2016 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Quest for lower fees: Found lowest cost option yet. Go with it?
Replies: 22
Views: 1203

Re: Quest for lower fees: Found lowest cost option yet. Go with it?

Once you get into low numbers, getting a bit lower is not much of a difference.

If you are talking about moving money from Vanguard to the TSP, that's fine. If you are talking moving from Vanguard to an unknown….I'm not so sure.
by retiredjg
Mon Feb 08, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: Some Lazy Portfolio Returns for 2015
Replies: 3
Views: 702

Re: Some Lazy Portfolio Returns for 2015

Interesting. The 3 fund portfolio is the definite winner for 2015.
by retiredjg
Mon Feb 08, 2016 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Where to turn for investment advice...
Replies: 11
Views: 637

Re: Where to turn for investment advice...

You are looking for someone to talk to. Other than a place like this forum, anyone you talk to will be trying to sell you something. Beware. Do not go there. There is one book in particular that I found helpful when I was young. It has been updated numerous times and a new edition is available soon....
by retiredjg
Mon Feb 08, 2016 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: 403b / 457b / Roth IRA - What order?
Replies: 6
Views: 555

Re: 403b / 457b / Roth IRA - What order?

Using the better 457b after meeting the match in the 403b sounds like the better idea to me if the decision is just between those two. However, it would be good to reach retirement with some Roth assets as well, so I would be putting something into Roth IRA myself.
by retiredjg
Mon Feb 08, 2016 2:43 pm
Forum: Personal Consumer Issues
Topic: DISH TV versus DirecTV
Replies: 23
Views: 958

Re: DISH TV versus DirecTV

I had DISH at my last location in another state. I had trouble with them from the get-go. Repeatedly. Even when I cancelled my service when I moved out of state…just a complete hassle. I vowed I'd NEVER use DISH again. No matter what. I have Direct TV at my current location. It got installed right a...
by retiredjg
Mon Feb 08, 2016 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investement decisions. Both teachers and two babies
Replies: 24
Views: 1477

Re: Help with investement decisions. Both teachers and two babies

So, I guess no vanguard...What should I do now? go over every plan ? or just open a ROTH IRA by myself with vanguard? If you only plan to save $5,500 (each) then open a Roth IRA (or a traditional IRA if you want to defer taxes) at Vanguard. If you plan to save more than $5,500 each, you'll need to ...
by retiredjg
Mon Feb 08, 2016 2:16 pm
Forum: Personal Consumer Issues
Topic: upgrade OS on older MAC?
Replies: 33
Views: 1502

Re: upgrade OS on older MAC?

General Requirements for El Cap from the Apple website: OS X v10.6.8 or later 2GB of memory 8.8GB of available storage Some features require an Apple ID; terms apply. Some features require a compatible Internet service provider; fees may apply. http://www.apple.com/osx/how-to-upgrade/ Interesting. ...
by retiredjg
Mon Feb 08, 2016 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Am I getting fleeced on my IRA? Opinions welcome.
Replies: 21
Views: 844

Re: Am I getting fleeced on my IRA? Opinions welcome.

EdB wrote:Thanks again everybody. I have seen and heard enough.

Just called Vanguard to initiate the transfer.

You are one smart dude. Now, if you can get your wife to move her money too, you'll really be in business!
by retiredjg
Mon Feb 08, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Am I getting fleeced on my IRA? Opinions welcome.
Replies: 21
Views: 844

Re: Am I getting fleeced on my IRA? Opinions welcome.

It's Morgan Stanley-Smith Barney. The agent has been managing my wife's funds for years, with happy results, actually. They've held my IRA for five years with no issues. I was only in the last year that all this other stuff has started happening. Something is out of whack. You weren't being charged...
by retiredjg
Mon Feb 08, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Is CD an investment or savings?
Replies: 17
Views: 926

Re: Is CD an investment or savings?

I think it could be either one. It all depends on what you are trying to accomplish.

That whole conversation with the "financial consultant at the bank" is a bit disturbing. Not sure what country you are in, but here in the US, a bank is frequently a very bad place to invest money.
by retiredjg
Mon Feb 08, 2016 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Am I getting fleeced on my IRA? Opinions welcome.
Replies: 21
Views: 844

Re: Am I getting fleeced on my IRA? Opinions welcome.

Here's another article that you might find helpful. The author of both of these articles is a well respected planner who occasionally posts on this forum.

http://www.aarp.org/money/investing/inf ... anner.html
by retiredjg
Mon Feb 08, 2016 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Am I getting fleeced on my IRA? Opinions welcome.
Replies: 21
Views: 844

Re: Am I getting fleeced on my IRA? Opinions welcome.

It's hard too understand how you could sign up for paying an advisory fee and not know it. Have you looked over the paperwork involved in changing to this allocation? There is no reason to pay anybody 1.5% for managing your assets. If you signed up for this by accident, get out of it as soon as you ...
by retiredjg
Mon Feb 08, 2016 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Leave money in 401k or rollover to Roth IRA?
Replies: 3
Views: 269

Re: Leave money in 401k or rollover to Roth IRA?

I think it would be a mistake to do a Roth conversion at 28%. Many (even wealthy) people are in the 15% tax bracket in retirement. I would not roll the money to tIRA either because it appears you may need to use the back door method to contribute to Roth IRA and a tIRA would interfere. You have a pe...
by retiredjg
Mon Feb 08, 2016 10:09 am
Forum: Personal Consumer Issues
Topic: GEICO Windshield Repair and Waive of Deductible
Replies: 13
Views: 783

Re: GEICO Windshield Repair and Waive of Deductible

It is my understanding that some states require that windshield repair/replacement have no deductible because that encourages people to fix a safety hazard, pass their car inspections and get their vehicles properly registered. If that is true, this may have nothing to do with GEICO.
by retiredjg
Mon Feb 08, 2016 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity or iShares for total stk market?
Replies: 27
Views: 1843

Re: Fidelity or iShares for total stk market?

Very nice explanation, Artsdoctor. :happy
by retiredjg
Mon Feb 08, 2016 8:10 am
Forum: Personal Consumer Issues
Topic: upgrade OS on older MAC?
Replies: 33
Views: 1502

Re: upgrade OS on older MAC?

Also, El Capitan is ram intensive. 4GB minimum, but 8GB or more is recommended. The 2009 model will support 8GB total. The 2008 model will support 4GB total. I fix Macs for a living. This discussion has me thinking I'll have to upgrade in the next year. My late 2010 MacBook Air has only 2GB of RAM ...
by retiredjg
Mon Feb 08, 2016 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

Hi, when he decides on his reallocation, does he make the balances of each fund within the account equal, or should that mirror the desired portfolio allocation? Or are there other factors to consider? Thanks, I learned a lot with this thread... He should exchange the money in the accounts to mirro...
by retiredjg
Sun Feb 07, 2016 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: How do I do this re rollover?
Replies: 8
Views: 289

Re: How do I do this re rollover?

Gonewiththewind wrote:Not eligible for either category of IRA.

Unless there is something unusual about your circumstances, you are eligible for a Rollover IRA. Why do you think you are not eligible?
by retiredjg
Sun Feb 07, 2016 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

It sounds like you understood what I meant. That is the approach that makes most sense to me. The only downside I can think of is if the windfall comes through and you regret not having that house money invested all along. But it could be that would be a good thing if the market is headed downward. ...
by retiredjg
Sun Feb 07, 2016 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: How do I do this re rollover?
Replies: 8
Views: 289

Re: How do I do this re rollover?

However, if you are at a higher income level and want to use a back door method to contribute to Roth IRA, this rollover IRA is going to get in the way. It might be helpful to know more about your situation.

http://thefinancebuff.com/the-backdoor- ... ow-to.html
by retiredjg
Sun Feb 07, 2016 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: How do I do this re rollover?
Replies: 8
Views: 289

Re: How do I do this re rollover?

Old 401ks can be rolled into an IRA. It is often called a Rollover IRA. Call VG and they will arrange it.
by retiredjg
Sun Feb 07, 2016 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: 24Yrs old, 158k inheritance, make a diversified drip?
Replies: 13
Views: 1316

Re: 24Yrs old, 158k inheritance, make a diversified drip?

It is good that you searched around and found this place. With some notable exceptions, a "financial advisor" is usually a very bad idea. Most of the people who are considered "advisors" are salespersons with a product. You would think they would try to sell you products that are...
by retiredjg
Sun Feb 07, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice - Employer withdrew accepted offer
Replies: 42
Views: 4946

Re: Need advice - Employer withdrew accepted offer

You are correct. It is a crazy thing.

Hard to imagine how that could happen unless the supervisor has mental health issues. Still, unless the supervisor is the CEO/owner, he might get disciplined/lose his job. One can only hope.

I hope she can get her other job back.
by retiredjg
Sun Feb 07, 2016 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

You might get people with more mortgage knowledge answering if you post a separate thread.

I'm not sure what to think of it. That would be a HUGE reduction in interest rate and that is a good thing. I don't know how to determine if it is worth paying 3 to 4k to achieve it.
by retiredjg
Sun Feb 07, 2016 3:25 pm
Forum: Personal Consumer Issues
Topic: VERY low cost/low use cell phone service/plan
Replies: 24
Views: 1140

Re: VERY low cost/low use cell phone service/plan

dm200 wrote:
LadyGeek wrote:dm200 - You had a duplicate post, which I've removed. There were no replies.


Don't know how this happened? Did the same thing on another post. It was certainly not intentional and I have no idea why or how this happened.

There were actually 3 of them for a little while. :happy
by retiredjg
Sun Feb 07, 2016 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

It does, but I'm wondering what's the downside of also holding some Total US Stock Index stock in the taxable account (along with the International). I'm assuming that the purpose of placing the International Stock Index in taxable is for the foreign tax credit benefits. Also to diversify the portf...
by retiredjg
Sun Feb 07, 2016 3:08 pm
Forum: Personal Consumer Issues
Topic: upgrade OS on older MAC?
Replies: 33
Views: 1502

Re: upgrade OS on older MAC?

I'm wondering the same myself. I have a much newer computer, a Mac Pro Mid-2014. It is running the original 10.9.5 9 (Mavericks). This is the last OS before they uglified the interface. Probably at some point I will need to update if Apple no longer provides security updates. However, until then I ...
by retiredjg
Sun Feb 07, 2016 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice - Employer withdrew accepted offer
Replies: 42
Views: 4946

Re: Need advice - Employer withdrew accepted offer

Wow. Never saw anything like this. A supervisor reneged on an offer by HR? A supervisor refused to accept someone the company had hired? Unbelievable. If the supervisor is the real boss, HR would never have offered her the job in the first place. So it seems likely, to me at least, that the supervis...
by retiredjg
Sun Feb 07, 2016 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Investment Choices
Replies: 4
Views: 305

Re: Roth IRA Investment Choices

I've spoken to some who have said Target Date funds are overly conservative for my age and that I should look to be more aggressive. There might be some people here who think that the Target funds are too conservative. But I'd say there is a larger number who say they are too aggressive. 90% stock ...
by retiredjg
Sun Feb 07, 2016 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth -- Roth 401(k) or Roth IRA?
Replies: 8
Views: 589

Re: Mega Backdoor Roth -- Roth 401(k) or Roth IRA?

In doing this, I have the choice whether to use a Roth 401(k) or a Roth IRA for the conversion, but I'm not sure I understand why I'd prefer one over the other. Any opinions? If the fund choices in your 401k are excellent, I think doing the in plan Roth rollover is probably fine. When you do this, ...
by retiredjg
Sun Feb 07, 2016 1:37 pm
Forum: Personal Consumer Issues
Topic: VERY low cost/low use cell phone service/plan
Replies: 24
Views: 1140

Re: VERY low cost/low use cell phone service/plan

Consumer Cellular comes to mind. But I think a pre-paid TRAC phone might be even cheaper.
by retiredjg
Sun Feb 07, 2016 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

If you want to have $100k in 3 years, you will have to take a chunk of that from the taxable account and you will probably NOT be able to increase your 401k contributions from the current level. For now, let's put $36k from taxable into CDs, short term bonds, high interest savings as house money and...
by retiredjg
Sun Feb 07, 2016 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

My financial advisor (who've I've recently cut ties with) pushed me to invest in taxable accounts before maxing out my 401K. Think about this a minute. Your "advisor" made money from what you invested in taxable. Your advisor did not make money on what you put in the 401k. Would you expec...
by retiredjg
Sun Feb 07, 2016 12:05 pm
Forum: Personal Consumer Issues
Topic: Raw Honey?
Replies: 34
Views: 2435

Re: Raw Honey?

If you are accustomed to 2% milk, then raw whole milk might seem very rich to you. Although it is certainly possible to have 2% raw milk, I don't think it is very available. The whole point of raw milk is drinking it as it comes out of the cow. :happy I drank raw whole milk for years when I lived in...
by retiredjg
Sun Feb 07, 2016 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

Here is a bare bones mirrored approach. I'm not putting in percentages because I don't know what they might be if part of the taxable money goes to savings. Taxable Vanguard Total Stock Index Vanguard Total International Vanguard Intermediate Term Tax-exempt bond His 401k 23.5% MFS Growth R3, MFEHX,...
by retiredjg
Sun Feb 07, 2016 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

For the sake of simplicity, what are your suggestions for a mirrored approach? At the least, that'll help simplify my portfolio and make it easier for me to rebalance. Maybe in a few years, once I've been comfortable enough with my asset allocation, I can look to tinker around with it. I'll address...
by retiredjg
Sun Feb 07, 2016 10:59 am
Forum: Investing - Theory, News & General
Topic: Is there a rule of thumb for 50/50 Total Stock/Total Bond
Replies: 22
Views: 2356

Re: Is there a rule of thumb for 50/50 Total Stock/Total Bond

I think I understand it. I put the formula for figuring tax on "SS benefits + non-SS income" into a spreadsheet and ran it out at $1000 increments. At the low end every extra $1000 gets an extra $185 of tax, until at $29K non-SS income, it goes to $278, and finally at $58K when the SS tax...
by retiredjg
Sun Feb 07, 2016 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

Here is a possible way to set up your portfolio. It assumes that all of the money in taxable is for long term goals. In a few years, if you decide to cash in some investments to set aside for your next home, you will need to adjust your allocations at that point. That might almost eliminate your tax...
by retiredjg
Sun Feb 07, 2016 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

What I don't understand is why maxing out a 401K is better than placing the extra cash into a taxable account. I understand that the 401K is tax deferred, but let's assume that I withdraw the money at the age of 60. At that time, I'd incur the income tax rate on that withdrawal. Let's assume I neve...
by retiredjg
Sun Feb 07, 2016 8:49 am
Forum: Investing - Theory, News & General
Topic: Is there a rule of thumb for 50/50 Total Stock/Total Bond
Replies: 22
Views: 2356

Re: Is there a rule of thumb for 50/50 Total Stock/Total Bond

Actually I just went out for a walk to clear my head and realized that for goodness sake, a marginal rate is the rate you pay on one extra dollar that you take in that is taxable. It does come into play when I need to take extra from savings for some big need, but still the overall "effective ...
by retiredjg
Sun Feb 07, 2016 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Looking for Advice / Guidance Please
Replies: 8
Views: 529

Re: Looking for Advice / Guidance Please

I do not disagree. However, I am not sure what any back-up plan could look like? I was thinking of developing a job skill that will be marketable if your early retirement plans do not work out like you hope. It can be difficult re-entering the workforce once you have taken time off. Especially for ...
by retiredjg
Sat Feb 06, 2016 5:21 pm
Forum: Investing - Theory, News & General
Topic: Is there a rule of thumb for 50/50 Total Stock/Total Bond
Replies: 22
Views: 2356

Re: Is there a rule of thumb for 50/50 Total Stock/Total Bond

Then this week I discovered that withdrawals from our IRA’s will be taxed at a marginal rate of 27.75%. I had no idea – I thought taxes would be low in retirement. No, no, no….I didn't read the thread, but think there is a misunderstanding. Only a very small portion of your income will be taxed at ...
by retiredjg
Sat Feb 06, 2016 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts
Replies: 44
Views: 2183

Re: Overwhelmed - Asset Allocation Questions Between 401K, Roth IRA, and Taxable Accounts

I think you are headed off in the wrong direction. The way to design a portfolio is to pick the best fund or two from your most restrictive account. That's your (admittedly poor) 401k. Then build the portfolio around that using IRAs and taxable. However, you should not be putting money for retiremen...
by retiredjg
Sat Feb 06, 2016 3:00 pm
Forum: Personal Consumer Issues
Topic: upgrade OS on older MAC?
Replies: 33
Views: 1502

Re: upgrade OS on older MAC?

Space and RAM notwithstanding (my 2011 MBP has plenty of both), you are leaving yourself open to a security nightmare by not running the latest version of OSX. I'm not sure that is correct as long as I'm still able to do updates and my version is still supported. I'm not saying you are wrong, but I...
by retiredjg
Sat Feb 06, 2016 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for Advice / Guidance Please
Replies: 8
Views: 529

Re: Looking for Advice / Guidance Please

- Are there more suitable alternatives to the above-mentioned ETF’s given my expatriate, non-tax paying status? The choices seem fine to me. - Does my intention to relocate to the US in the long term present any difficulties? Or conversely, any opportunities? At some point would I need to re-struct...
by retiredjg
Sat Feb 06, 2016 1:05 pm
Forum: Personal Consumer Issues
Topic: upgrade OS on older MAC?
Replies: 33
Views: 1502

Re: upgrade OS on older MAC?

I don't know if this is smart or not, but when I upgraded, I didn't go all the way to El Cap (10.11).

My late 2010 MacBook Air is running fine (I guess) on 10.8.5 (Mt. Lion). I can't remember why I didn't go all the way to El Cap, but I think I felt like it just needed too much space.

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