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by retiredjg
Sun Jan 22, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Roth Conversion into 401k vs IRA
Replies: 9
Views: 346

Re: Early Retirement Roth Conversion into 401k vs IRA

For everybody's reading pleasure.... :D

https://www.irs.gov/retirement-plans/re ... h-accounts

And from that, I'm going to edit my answer above.
by retiredjg
Sun Jan 22, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Roth Conversion into 401k vs IRA
Replies: 9
Views: 346

Re: Early Retirement Roth Conversion into 401k vs IRA

:shock: Oh my, Alan. I think your answer is talking about something different from what I was thinking about (but failed to specify). I was thinking this poster would do several years of IRRs and then roll the entire 401k into tIRA and Roth IRA. I was not thinking of partial distributions from the 4...
by retiredjg
Sun Jan 22, 2017 2:12 pm
Forum: Forum Issues and Administration
Topic: Notification will not reset
Replies: 2
Views: 78

Re: Notification will not reset

I've had that happen. Just hit the "mark all as read" button.
by retiredjg
Sun Jan 22, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio allocation help needed please
Replies: 4
Views: 194

Re: Portfolio allocation help needed please

On the subject of your portfolio it's clean-up on aisle 5. You have far too many funds with very small allocations, which is unnecessary and it makes it difficult to rebalance. That was my initial impression as well. But if that is 17 different accounts compiled, it may be that way by necessity. Fo...
by retiredjg
Sun Jan 22, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your credit reports annually?
Replies: 14
Views: 421

Re: Do you check your credit reports annually?

I usually just look at CreditKarma. If nothing is amiss, no need to check closer. I don't have a schedule. I don't do it often - once or twice a year - cause I never remember the password. Just by coincidence, I checked it this morning. CreditKarma is such an excellent resource, but my goodness grac...
by retiredjg
Sun Jan 22, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth: How Long To Wait For Conversion?
Replies: 17
Views: 2610

Re: Backdoor Roth: How Long To Wait For Conversion?

Thanks all for the helpful replies. One more question related to conversion. Does it matter that the money in Traditional IRA is invested in some fund? Eg: One transfer the money from his saving account to traditional IRA account. Once the money is posted, let it sit for a couple of days and then c...
by retiredjg
Sun Jan 22, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Across Two Accounts - Frequent Trading Policy?
Replies: 4
Views: 194

Re: Across Two Accounts - Frequent Trading Policy?

BolderBoy wrote:IOW, does the frequent trading policy apply to the whole portfolio or just individual accounts within the portfolio?

Just that one account.
by retiredjg
Sun Jan 22, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Roth Conversion into 401k vs IRA
Replies: 9
Views: 346

Re: Early Retirement Roth Conversion into 401k vs IRA

Peter Foley wrote:This is my understanding as well after talking to our 401k administrator. My question is, is this universal or is it particular plans that do not allow it?

Alan S. has mentioned this several times. My take from what he said is that this is law or regulation, not plan specific.
by retiredjg
Sun Jan 22, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Roth Conversion into 401k vs IRA
Replies: 9
Views: 346

Re: Early Retirement Roth Conversion into 401k vs IRA

I'm planning/hoping for an eventual early retirement, during which time I'd build a Roth conversion ladder. Nearly everything I see on Roth conversion ladders talks about converting to a Roth IRA, rather than to a Roth 401k. Is there any particular reason to choose/prefer a Roth IRA conversion over...
by retiredjg
Sun Jan 22, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Can a spouse of Solo 401k holder contribute to Traditional IRA
Replies: 9
Views: 506

Re: Can a spouse of Solo 401k holder contribute to Traditional IRA

I may be misreading this. If He fixes it so that He was not "active" in 2016, that still leaves the possibility that She was an active participant in 2016 if the Solo 401k was set up for 2016. If She was an active participant and they make over $250k....no deduction for either one of them....
by retiredjg
Sun Jan 22, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions
Replies: 44
Views: 5145

Re: Edward Jones Guided Solutions

It's a poor plan, but lots of people have poor plans. Time to make lemonade. :happy It is very discouraging to me that new fiduciary rules allow this type of "solution". As far as EJ is concerned, I'm not sure the consumer is any better off. Looks to me like the gouging is just different, ...
by retiredjg
Sun Jan 22, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio allocation help needed please
Replies: 4
Views: 194

Re: Portfolio allocation help needed please

1. Is the asset allocation appropriate if we want to retire in 7-10 years? Not sure. 80/20 is appropriate for your ages (on the aggressive side), but if you want to retire in 7 - 10 years, you need to shift to more of a protection of assets allocation rather than stay in the growth of assets alloca...
by retiredjg
Sun Jan 22, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Can a spouse of Solo 401k holder contribute to Traditional IRA
Replies: 9
Views: 506

Re: Can a spouse of Solo 401k holder contribute to Traditional IRA

Excuse my ignorance....could a person open a Solo 401k on December 31 for the year that is finishing? If so then couldn't the wife would be covered by a plan at work for 2016 if any contributions were made? Wouldn't that would mean this poster could not take a deduction for tIRA in 2016.
by retiredjg
Sun Jan 22, 2017 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions
Replies: 44
Views: 5145

Re: Edward Jones Guided Solutions

The $120 hit is unfortunate, but it appears you will pay that either way. The frozen SIMPLE at Vanguard is still a good option - at least you won't be paying high expense ratios in addition to the "program fee". On the other hand....you said the new plan had institutional share class funds...
by retiredjg
Sat Jan 21, 2017 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions
Replies: 44
Views: 5145

Re: Edward Jones Guided Solutions

millennialfalcon wrote:3. Wouldn't you know this really screwed me? If I am stuck in this Guided Solutions program, I will always be subject to the 10 dollar fee, not the 4 dollar fee.

Why? Have you already broken the $5k barrier?
by retiredjg
Sat Jan 21, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can a spouse of Solo 401k holder contribute to Traditional IRA
Replies: 9
Views: 506

Re: Can a spouse of Solo 401k holder contribute to Traditional IRA

Assuming enough compensation, anyone who is under age 70.5 can contribute to an IRA. Spouses too, whether working or not. So the answer to questions 2 and 3 is yes, you and she can each contribute. Is your question whether you or she can deduct the contribution to IRA? That will depend on some thing...
by retiredjg
Sat Jan 21, 2017 4:04 pm
Forum: Forum Issues and Administration
Topic: scheduled down time morning of January 22
Replies: 13
Views: 908

Re: scheduled down time morning of January 22

White Coat Investor wrote:I guess I could be wrong. Maybe the literacy center just supports the forum and doesn't own it.

I think Larry and Alex still own the site and donation directly to them is not tax-deductible. I think The Literacy Center is a way to make a donation tax-deductible.
by retiredjg
Sat Jan 21, 2017 3:50 pm
Forum: Forum Issues and Administration
Topic: scheduled down time morning of January 22
Replies: 13
Views: 908

Re: scheduled down time morning of January 22

Seems like a good time to remind everyone that this site may be free to us, but it is not free to the owners! It costs money to do this thing.

Time to click on the "support this site" button in the upper right and send some support to Larry and Alex!
by retiredjg
Sat Jan 21, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: Cell phones - I have met my match, please help
Replies: 31
Views: 3325

Re: Cell phones - I have met my match, please help

Have you shopped Consumercellular.com? No, not yet I am very happy with Consumer Cellular, but I think they use only AT&T and Tmobile. I might be out of date about that. I mention it since you said you were stuck with Verizon. This is my experience as well. I was a happy Consumer Cellular custo...
by retiredjg
Sat Jan 21, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: rebalance or too late
Replies: 9
Views: 1033

Re: rebalance or too late

Welcome to the forum! No, it is certainly not too late to change the stock to bond ratio of your investments. In fact, it may be good idea to do that. As I understand it, your investment portfolio amounts to about 40% of your net worth. You also have a pile of cash and real estate. Your investment p...
by retiredjg
Sat Jan 21, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions
Replies: 44
Views: 5145

Re: Edward Jones Guided Solutions

I'm assuming that Guided Solutions is the one that counts. I looked back through the links and a couple of things popped up. 1). The money market is not on the list of "eligible" investments. You can use it prior to investing as a "sweep" fund. It is NOT subject to the AUM. 2). A...
by retiredjg
Sat Jan 21, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions
Replies: 44
Views: 5145

Re: Edward Jones Guided Solutions

I've gone back through this thread and a couple of things are unclear to me. 1) Is your current SIMPLE IRA a 5304 or 5305? The discussion seems to indicate 5305 (employer designated financial institution) but I did not see where you actually said that. You should have some paperwork that you signed ...
by retiredjg
Sat Jan 21, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: want to leave EJ but dont know what to do with what currently have
Replies: 21
Views: 1435

Re: want to leave EJ but dont know what to do with what currently have

I have traditional 40lk at EJ and a ROTH IRA at EJ and Mutual Funds all at Edward Jones GAIOX 349.963 shares at 13.49per share valued at $4,686.00 in a Single-1 account with Edward Jones GAIOX 421.482 shares at $13.39 per share valued at $5,643.64 in a ROTH IRA-1 A relative’s EJ online statement sh...
by retiredjg
Sat Jan 21, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: want to leave EJ but dont know what to do with what currently have
Replies: 21
Views: 1435

Re: want to leave EJ but dont know what to do with what currently have

I looked at the EJ website and all over my statements and my single 1 account is only listed as that. I cannot remember if it is roth or traditional or what. I think it is probably neither. I think it is probably what we call a "taxable account". That means that what you do with the accou...
by retiredjg
Sat Jan 21, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: want to leave EJ but dont know what to do with what currently have
Replies: 21
Views: 1435

Re: want to leave EJ but dont know what to do with what currently have

I'm sorry . But what are ER's. I literally starting from square 1 here An "ER" is an expense ratio. It is what the fund charges for fund costs (paper, mailings, employees, etc). For example the ER for your American Funds Growth and Income fund is .71% per year (although a small portion of...
by retiredjg
Sat Jan 21, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: want to leave EJ but dont know what to do with what currently have
Replies: 21
Views: 1435

Re: want to leave EJ but dont know what to do with what currently have

I am pretty sure I want to leave Edward Jones for Vanguard, but not sure if I should or could roll over to Vanguard accounts, or just open a Vanguard account and keep the EJ so its more diverse. Leaving EJ is a good idea. Their fees are high and that takes money out of your pocket. It is clear you ...
by retiredjg
Sat Jan 21, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Mega backdoor Roth IRA tax question
Replies: 5
Views: 672

Re: Mega backdoor Roth IRA tax question

I'll take this answer one step further. If the after-tax money got rolled into tIRA by mistake (yours or the 401k custodians), then yes - there would be pro-rating with what was already in the tIRA when you did a Roth conversion. Haven't heard of this much though. Just a caution to be sure the money...
by retiredjg
Fri Jan 20, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Stay with company VG 403 or switch to VG IRA
Replies: 5
Views: 275

Re: Stay with company VG 403 or switch to VG IRA

My question concerns my recent retirement, 1 month ago, and what to do, if anything, with my company VG 403/IRA. Well, let's stop here. I've read you can house your individual IRA inside your 401k/403b, but I don't recall anybody ever doing it. Do you really have IRA money inside your 403b? Or are ...
by retiredjg
Fri Jan 20, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Criticize our retirement portfolio
Replies: 6
Views: 667

Re: Criticize our retirement portfolio

A 3% withdrawal rate with 40% equities does not seem unreasonable to me (assuming that 3% includes federal and state taxes).
by retiredjg
Fri Jan 20, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Robo-advisors vs Vanguard
Replies: 28
Views: 3095

Re: Robo-advisors vs Vanguard

I know the advice in the book is to build an emergency fund and pay off all debt first, but I wanted to save something and get started with investing. Should I just not even think about investing at the moment given my situation and my plan to go back to school for 2 more years which will only add ...
by retiredjg
Thu Jan 19, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Robo-advisors vs Vanguard
Replies: 28
Views: 3095

Re: Robo-advisors vs Vanguard

So as I understand it, is it recommended to use a robo-advisor only for taxable accounts (for TLH)? I don't know what others recommend, but if you gathered that from my comments, I didn't say anything like that. I think if you want to use a robo for a Roth IRA for awhile or forever, that's fine as ...
by retiredjg
Thu Jan 19, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) - Choosing a vendor - Need advice
Replies: 12
Views: 730

Re: 403(b) - Choosing a vendor - Need advice

MEA Financial (Michigan Education Association) This could be great or awful. Only way to find out is to look into it. The only way to do this right is to look at each plan and add up the expense ratios and the management and administrative and other fees (mortality, etc.) for the best 2 or 3 funds ...
by retiredjg
Thu Jan 19, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Robo-advisors vs Vanguard
Replies: 28
Views: 3095

Re: Robo-advisors vs Vanguard

Trying to keep costs low so that's another reason. Not sure what Vanguard's fees are for opening up a fund (and the minimum is quite a bit more, $3k compared to Wealthfront's min of $500). Well, you've hit on a good reason to try out Wealthfront - lower minimums. However, Vanguard's whole series of...
by retiredjg
Thu Jan 19, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Questions to ask Financial Advisor about moms investments
Replies: 29
Views: 1388

Re: Questions to ask Financial Advisor about moms investments

One thing to keep in mind at this meeting is that many of these big name shops are having to modify their business model in order to meet the new fiduciary standards that will be going into effect for advisors soon. They will not have set this up so they make less money. They will have set it up in ...
by retiredjg
Thu Jan 19, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: newly acquired portfolio feedback
Replies: 19
Views: 1662

Re: newly acquired portfolio feedback

...Almost all of these holdings were left to me as a beneficiary. I've yet to make any RMD's as the passing was in 2016. ... Are you sure that your relative (assumption) took any required RMD out in 2016? She had not. She was living off pension and 59. Had not tapped this, or SS. Well.... 59 would ...
by retiredjg
Thu Jan 19, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Planning for Spousal IRA/Backdoor Roth
Replies: 2
Views: 270

Re: Planning for Spousal IRA/Backdoor Roth

It appears neither of you can make a DEDUCTIBLE contribution to a TIRA since you have a retirement plan at work AND your MAGI is over $118K: There is a different limit for the non-working spouse of someone covered at work. For 2016, it's $184k. So spouse probably can deduct for 2016. https://www.ir...
by retiredjg
Wed Jan 18, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Questions to ask Financial Advisor about moms investments
Replies: 29
Views: 1388

Re: Questions to ask Financial Advisor about moms investments

jeffh19, the more you say, the more clear the answer is. People rarely learn from what others tell them. You can prepare the soil and you can sow the seeds, but after that it is not up to you. It's up to them. You've done your job. Leave it alone and let her figure it out. If you must go to this mee...
by retiredjg
Wed Jan 18, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Would you switch investment advisor to save $3000+/yr?
Replies: 17
Views: 1636

Re: Would you switch investment advisor to save $3000+/yr?

Ask if people have used Derek Tinnin and/or Altoria and if so what their opinion is? Use the google search box above to search for earlier threads on the names? Consider if $3k is a big percentage or a little percentage of the overall fee? Saving $3k on $50k a year might not be as important as savin...
by retiredjg
Wed Jan 18, 2017 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: All eggs in one basket
Replies: 14
Views: 1706

Re: All eggs in one basket

Mij wrote:I am retired, 67, and have all my assets with VANGUARD. Is that a good or bad idea? BTW it is well diversified.

I think it's fine. Some others won't think it's fine. :happy
by retiredjg
Wed Jan 18, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Why does Vanguard requires medallion for MM IRA Transfer
Replies: 29
Views: 1629

Re: Why does Vanguard requires medallion for MM IRA Transfer

If you are submitting paperwork to Vanguard for them to engage with TIAA-CREF to get the funds on your behalf, then TIAA-CREF will require your MSG on the paperwork Vanguard sends to them on your behalf. This is becsuse the check is not being sent to a physical address or bank account with descript...
by retiredjg
Wed Jan 18, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Why does Vanguard requires medallion for MM IRA Transfer
Replies: 29
Views: 1629

Re: Why does Vanguard requires medallion for MM IRA Transfer

I'd do what livesoft recommended. Send off the form without it and see what happens. I'll bet it goes just fine.
by retiredjg
Wed Jan 18, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Downgrade to an old-style Vanguard mutual fund account?
Replies: 25
Views: 2481

Re: Downgrade to an old-style Vanguard mutual fund account?

Die off? :shock: But I'm only 26... :P Oh. :shock: Then I'd put my money on your being forced to move at some point. When you want to open a new account or something. I'm much older and can't see why I'd ever need to open a new account unless some unknown benefactor leaves me a bunch of money. And ...
by retiredjg
Wed Jan 18, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Downgrade to an old-style Vanguard mutual fund account?
Replies: 25
Views: 2481

Re: Downgrade to an old-style Vanguard mutual fund account?

I wish Vanguard would be more clear about whether or not they plan to force this "upgrade" on everyone. I know that I'm not going to ask them. :D Flying under the radar on this issue works for me. I expect for certain people there is no reason to upgrade until/unless they completely disma...
by retiredjg
Wed Jan 18, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Questions to ask Financial Advisor about moms investments
Replies: 29
Views: 1388

Re: Questions to ask Financial Advisor about moms investments

If she does end up asking for help at some point, my preferred approach would be to avoid a meeting -- seeing as she likes the advisor, and finds him convincing -- and simply have her email the advisor and request that he prepare in writing : - year-to-year overall actual portfolio performance - a ...
by retiredjg
Wed Jan 18, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Why does Vanguard requires medallion for MM IRA Transfer
Replies: 29
Views: 1629

Re: Why does Vanguard requires medallion for MM IRA Transfer

Who should complete : If the account owners and/or registration types on the Vanguard account and the current firm account DON’T MATCH, you MUST complete this section and have ALL owners of the Vanguard account and the current firm account sign. In the context of that form, what do you think that m...
by retiredjg
Wed Jan 18, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: TIAA financial advisor?
Replies: 8
Views: 388

Re: TIAA financial advisor?

I believe the advisor is going to try to entice you to roll your 403b account into an IRA at their retail business. In other words, he is trolling for accounts. He may be trolling for the business (TIAA) or he may be trolling for AUM accounts for himself, I don't know. There is no harm in going to t...
by retiredjg
Wed Jan 18, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Why does Vanguard requires medallion for MM IRA Transfer
Replies: 29
Views: 1629

Re: Why does Vanguard requires medallion for MM IRA Transfer

I'm under the impression that it is the losing end of the transaction that requires the medallion signature, not the receiving end. If that is correct, the requirement (if it exists at all) would be on TIAA, not Vanguard. The fact that there is a line on the paperwork does not mean you have to have ...
by retiredjg
Wed Jan 18, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Downgrade to an old-style Vanguard mutual fund account?
Replies: 25
Views: 2481

Re: Downgrade to an old-style Vanguard mutual fund account?

I too still have the old mutual fund only account. I have not been asked to switch and I won't if there is a choice. I don't think the "upgraded account will be of any benefit to me either. I own a few mutual funds.

I will hold off as long as possible too.
by retiredjg
Wed Jan 18, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Questions to ask Financial Advisor about moms investments
Replies: 29
Views: 1388

Re: Questions to ask Financial Advisor about moms investments

So I feel like I'm fighting a losing battle. You probably are. Hes an older very experienced advisor so he probably has the ability to make me look very stupid if he wants to. Correct. And if he's really good, he'll seem to be very kindly while doing it. So ya...I'm just wondering if you guys can g...

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