Search found 24816 matches

by retiredjg
Thu May 05, 2016 2:54 pm
Forum: Personal Consumer Issues
Topic: What to buy my sig other from the DOG for Mothers Day
Replies: 13
Views: 1138

Re: What to buy my sig other from the DOG for Mothers Day

Something simple that shows you gave it some thought. The single cupcake works for me!
by retiredjg
Thu May 05, 2016 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?
Replies: 6
Views: 562

Re: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?

The conventional Boglehead wisdom says to keep bonds in tax-advantaged accounts (such as a 401k or IRA). If the bond allocation is larger than can be held in tax-advantaged accounts, let bonds overflow into taxable, using tax-exempt bonds if in a higher tax bracket. Not everyone agrees and part of t...
by retiredjg
Thu May 05, 2016 2:24 pm
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 35
Views: 1968

Re: Revealing Usernames

Nisi, I had not considered there might be some software limitations about this request. What I had in mind was something like this. "If you are seeking financial advice, a significant amount of personal information may be requested. For this reason, consider an anonymous username instead of a u...
by retiredjg
Thu May 05, 2016 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: 57, widowed, looking for best path to invest windfall
Replies: 16
Views: 1965

Re: 57, widowed, looking for best path to invest windfall

Her tIRA can be accessed whenever she wants. Before 59.5, she would need to use the SEPP process (substantially equal periodic payments) but it is said to not be very onerous. People here talk a lot about conversions, but rarely about the "ladder". I'm not sure the magic ladder actually of...
by retiredjg
Thu May 05, 2016 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Question about FERS retirement
Replies: 4
Views: 477

Re: Question about FERS retirement

Feds pay into both a pension retirement system and into a 401k-like plan called the TSP. Your TSP contributions are voluntary and there is a generous match, but it may be less than your current match. TSP choices are almost the best on the planet - I've only seen one plan that I'd call "better&...
by retiredjg
Thu May 05, 2016 8:48 am
Forum: Investing - Help with Personal Investments
Topic: 57, widowed, looking for best path to invest windfall
Replies: 16
Views: 1965

Re: 57, widowed, looking for best path to invest windfall

If withdrawing from the taxable account, the only thing that would be taxed is capital gains on what she withdraws. For example she might withdraw $55k only $10k of which is gains. So tax on only the $10k, not the full $55k. And since long term gains are not taxed in the 15% bracket, she might not p...
by retiredjg
Thu May 05, 2016 8:36 am
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 35
Views: 1968

Re: Revealing Usernames

kxpatel wrote:You have a good point. But I don't think you are allowed to change your user name as it appears. I just tried to see if that was possible, but the user name field is not editable. :x

I believe a moderator or admin person can assist anyone who wants to change a username.
by retiredjg
Thu May 05, 2016 8:34 am
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 35
Views: 1968

Re: Revealing Usernames

Maybe a warning on the registration page would be more practical? If someone really wants to use their real name, I don't see why they shouldn't be able to. Yes, that is what I'm suggesting. I'm not suggesting that people should not be allowed to use whatever name they want. It just that some don't...
by retiredjg
Thu May 05, 2016 8:26 am
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 35
Views: 1968

Re: Revealing Usernames

Agreed Taylor, but I don't think we are talking about the same thing. It makes perfect sense for you and many others to use your real names. I'm not talking about people who are coming here for discussion. I'm talking about brand new people who are asking for portfolio help - and end up listing most...
by retiredjg
Thu May 05, 2016 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Keep same asset allocation in Trad IRA & Roth?
Replies: 3
Views: 326

Re: Keep same asset allocation in Trad IRA & Roth?

This is discussed regularly and there is no consensus on what to put in Roth vs what to put in tIRA. People are all over the place on this question. In my opinion, there is no reason to keep the same allocation in tIRA and Roth and there is no reason to avoid it either. I set up a portfolio based on...
by retiredjg
Thu May 05, 2016 8:02 am
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 35
Views: 1968

Revealing Usernames

We continue to have new posters who are either using their real names or something so close to their own names that they are easily identifiable. It seems to have increased lately - to several each month. That's fine for people who don't intend to share personal information, but I think many new pos...
by retiredjg
Thu May 05, 2016 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Closing a tIRA...
Replies: 4
Views: 499

Re: Closing a tIRA...

I guess I'm confused. What do you mean about "excess removal"? Alan took it to be an excess contribution (money you were not allowed to contribute which had to be removed to make things right). But there is something in your post that sounded to me like they removed a legitimate non-deduct...
by retiredjg
Wed May 04, 2016 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity or Vanguard
Replies: 76
Views: 4295

Re: Fidelity or Vanguard

Some people like Ford. Some like Chevy. Some like Coke and some like Pepsi. I don't care for any of them, but I still have a vehicle to drive and find plenty of things to drink...I'm wondering if this discussion is wandering too far from the original question.
by retiredjg
Wed May 04, 2016 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity or Vanguard
Replies: 76
Views: 4295

Re: Fidelity or Vanguard

GM is owned by investors as well but I assume they like to make money as well. Isn't GM owned by its shareholders? Aren't shareholders always interested in profits? GM sells stock so the company is owned by people who buy GM stock. Vanguard is not a publicly owned company - there is no Vanguard sto...
by retiredjg
Wed May 04, 2016 10:28 am
Forum: Investing - Help with Personal Investments
Topic: New 401k - Worst in history?
Replies: 8
Views: 703

Re: New 401k - Worst in history?

I think you are over-considering what some of these things mean. As already mentioned, the 12b-1 fees are already included in the expense ratios. I think any of these are good choices. ⋅ Vanguard Mid Cap Index I, VMCIX, 0.08 ⋅ Northern Small Cap Index, NSIDX, 0.19 (This appeared ...
by retiredjg
Tue May 03, 2016 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 30
Views: 3504

Re: Time to follow the Boglehead way?

We have a meeting set up with FA at end of May so at that point I can start on all this. What is the purpose of the meeting with the FA? I think you need to give consideration to whether that meeting actually needs to happen. If you think the FA will be involved in helping your transfer, you can pr...
by retiredjg
Tue May 03, 2016 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio, saving for a home, managing windfall, for married couple in 30s and 40s
Replies: 17
Views: 1891

Re: Help with portfolio, saving for a home, managing windfall, for married couple in 30s and 40s

Ok. This will be easy to fix. Any time you do a Roth conversion (step 2 of the "back door") that conversion has to be pro-rated with everything you (as an individual) have in tIRA, Rollover IRA, SEP IRA, or SIMPLE IRA at the end of the year. You apparently did a conversion in 2016. At the...
by retiredjg
Tue May 03, 2016 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity or Vanguard
Replies: 76
Views: 4295

Re: Fidelity or Vanguard

Not only can you purchase Admiral funds at Scottrade, but the minimums imposed by Vanguard are waived by Scottrade. When I moved my accounts from ML, I wanted access to a local office. I went with Scottrade, in part, due to a significant new account $$ bonus and many free trades. Fidelity was my se...
by retiredjg
Tue May 03, 2016 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity or Vanguard
Replies: 76
Views: 4295

Re: Fidelity or Vanguard

People have reported that the Vanguard index funds are more tax-efficieint than the Spartan funds. This does not matter for your IRAs, but it might matter for the taxable account. Vanguard has received a lot of complaints lately, presumably because of a large inflow of money and changing structure f...
by retiredjg
Tue May 03, 2016 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help with re-balancing my portfolio
Replies: 4
Views: 428

Re: Help with re-balancing my portfolio

Whether you use ETFs or mutual funds depends on personal preference and that is mostly about buying and selling mechanics. If you want to be able to buy or sell something during the trading day to get a certain price, you'll need to use ETFs because mutual funds are bought and sold at the end of the...
by retiredjg
Tue May 03, 2016 6:12 am
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio, saving for a home, managing windfall, for married couple in 30s and 40s
Replies: 17
Views: 1891

Re: Help with portfolio, saving for a home, managing windfall, for married couple in 30s and 40s

I guess I should consider a new accountant since I explicitly asked ours if contributing to a SEP would be an issue with our other contributions for last year! Most accountants are not familiar with using the back door to contribute to Roth IRA. If your accountant was familiar with the back door an...
by retiredjg
Tue May 03, 2016 6:03 am
Forum: Investing - Help with Personal Investments
Topic: Advice on 401k Rollover and General Investment Strategy
Replies: 9
Views: 683

Re: Advice on 401k Rollover and General Investment Strategy

Vanguard suggests using 10-15% international bonds using their questionnaire to determine your asset allocation. I've read several other posts that just use the 3 fund approach and leave out the international bond fund. Is it more risky to use them? Or perhaps some feel it doesn't add any benefit? ...
by retiredjg
Tue May 03, 2016 5:28 am
Forum: Investing - Help with Personal Investments
Topic: New Physician Portfolio Review
Replies: 4
Views: 737

Re: New Physician Portfolio Review

Any thoughts on the Roth 403B / pension question? I would not use Roth 403b in that tax bracket. It is most likely you will be in a lower tax bracket in retirement. Why pay 33% now when you could pay less later? If your concern is that two pensions will push you into a high bracket, a solution is t...
by retiredjg
Mon May 02, 2016 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: New Physician Portfolio Review
Replies: 4
Views: 737

Re: New Physician Portfolio Review

I'd say you are well set. My only question is about the 457b - whether it is governmental or non-governmental. If non-governmental, you need to give a lot of thought to whether you want to contribute. If you don't already know that, you need to learn now. I guess there is one other thing. I think yo...
by retiredjg
Mon May 02, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to verify Vanguard phone support as accurate?
Replies: 3
Views: 278

Re: How to verify Vanguard phone support as accurate?

I thought that he could transfer money from his bank account to his ROTH account at Vanguard. I was told that this was impossible until he sets up a bank account attached to Vanguard and Vanguard makes some micro deposits in and out, and my son follows some instructions. Does this sound right… Yes....
by retiredjg
Mon May 02, 2016 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Move after-tax Traditional IRA contribution to Roth
Replies: 5
Views: 458

Re: Move after-tax Traditional IRA contribution to Roth

My understanding is that a re-characterization is pretty simple. It is accomplished with a phone call. However, do watch and be sure they do exactly what you want and make notes and keep documentation for the future when you will have forgotten what you did.
by retiredjg
Mon May 02, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: IRA or Taxable ?
Replies: 11
Views: 809

Re: IRA or Taxable ?

It does seem like both accounts should be able to roll into a traditional IRA.

You might suggest a Vanguard LifeStrategy Fund as an all in one fund approach. She would need to decide on her appetite for risk (stock to bond ratio) and pick a fund (or a combination of 2 funds) close to that.
by retiredjg
Mon May 02, 2016 3:13 pm
Forum: Investing - Theory, News & General
Topic: Company Match and high ERs
Replies: 31
Views: 1527

Re: Company Match and high ERs

I'm not sure that Betterment even offers a 401k. Do they? Yes they are starting to move into that space :D , and I imagine more fintech shall follow - definite opportunity here to improve - for everyone - employees and employers!! very exciting! I looked it up and you are correct. It appears their ...
by retiredjg
Mon May 02, 2016 12:57 pm
Forum: Investing - Theory, News & General
Topic: Company Match and high ERs
Replies: 31
Views: 1527

Re: Company Match and high ERs

Sorry, I missed the point by just reading your last post instead of the whole thread. :oops: Yes, I feel sure a company like Employee Fiduciary can cut the total costs. And if the employer match stays the same generous number it is, that would be great for everyone. I'm not sure that Betterment even...
by retiredjg
Mon May 02, 2016 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay back my parents back for paying for some my college costs
Replies: 58
Views: 4443

Re: Should I pay back my parents back for paying for some my college costs

Some parents see an investment in a child's education as an investment for the family's future, not just the child's future. There is an expectation in some families that the educated one will help the others later on because the educated one is making more money because they got the benefit of the ...
by retiredjg
Mon May 02, 2016 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Move after-tax Traditional IRA contribution to Roth
Replies: 5
Views: 458

Re: Move after-tax Traditional IRA contribution to Roth

First post here. During the 2015 calendar year, my employer got acquired by another company and the 401k accounts were frozen mid-year such that I could not make any further contributions for about the 2nd half of the year. As such, I put what would have been a 401k contribution into a savings acco...
by retiredjg
Mon May 02, 2016 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawals in retirement but not about withdrawal method
Replies: 2
Views: 469

Re: Withdrawals in retirement but not about withdrawal method

It appears you are withdrawing on a regular schedule from your TSP account. It does not matter much how you take the money out because the amount you (should be) taking out is so small. If you take some from stocks and bonds or just bonds, you might have to rebalance later if the stock to bond ratio...
by retiredjg
Mon May 02, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Help with re-balancing my portfolio
Replies: 4
Views: 428

Re: Help with re-balancing my portfolio

Federal Tax Rate: 33% Marginal. 26% Effective. In this tax bracket, you want all of your 401k contributions to be tax-deferred, not Roth. This is because it is very unlikely that you would pay 33% when withdrawing that money in retirement. Why pay 33% now when you could pay much less later? Taxable...
by retiredjg
Mon May 02, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay back my parents back for paying for some my college costs
Replies: 58
Views: 4443

Re: Should I pay back my parents back for paying for some my college costs

That's a tough one. I'd want to help out, but the "help" might not actually be helpful. I'm not sure the question is really whether to pay back college costs. I think the question might be whether to help support your parents. If they do not improve their habits, your help will not be help...
by retiredjg
Mon May 02, 2016 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Total Mkt. Fund or its Components?
Replies: 12
Views: 556

Re: Total Mkt. Fund or its Components?

A second thought. If you decide to tilt to value, remember that it may be 20 or 30 years before it "does better". This is something to commit to forever because you believe it will work. You can't just jump in and out of a tilt and expect to get any premium.
by retiredjg
Mon May 02, 2016 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Total Mkt. Fund or its Components?
Replies: 12
Views: 556

Re: Total Mkt. Fund or its Components?

You might do better. You might not. You can tilt much easier than this though. Using 6 funds to replace one is a lot of work. Either the Total Stock and small cap value as mentioned, or Total Stock and Value Index and Small cap value. Much has to do with what is available in your work plan if you ha...
by retiredjg
Mon May 02, 2016 10:10 am
Forum: Investing - Theory, News & General
Topic: Company Match and high ERs
Replies: 31
Views: 1527

Re: Company Match and high ERs

I don't know the average, and yes, it is way lower, but why does it matter? Those funds at that cost are not available in the plan. Yes, it is frustrating, but somebody has to pay to run the 401k plan and the employers have passed that cost on to the employees and then reimbursed that (and more) wit...
by retiredjg
Mon May 02, 2016 9:47 am
Forum: Investing - Help with Personal Investments
Topic: No tax advantaged accounts - all muni bonds?
Replies: 12
Views: 1131

Re: No tax advantaged accounts - all muni bonds?

If simplicity is her priority, I'd use 2 bond funds - half total bond and half intermediate term tax exempt. That would be only 4 funds.
by retiredjg
Mon May 02, 2016 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio, saving for a home, managing windfall, for married couple in 30s and 40s
Replies: 17
Views: 1891

Re: Help with portfolio, saving for a home, managing windfall, for married couple in 30s and 40s

2. We live in a very high cost of living area and want to buy a house. We are no where near being able to afford a home, and don't mind waiting 5-10 years (also hoping our current area is in a bubble since many tech companies moved in over the past few years). It is likely that our mortgage would b...
by retiredjg
Mon May 02, 2016 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio, saving for a home, managing windfall, for married couple in 30s and 40s
Replies: 17
Views: 1891

Re: Help with portfolio, saving for a home, managing windfall, for married couple in 30s and 40s

Ok. This will be easy to fix. Any time you do a Roth conversion (step 2 of the "back door") that conversion has to be pro-rated with everything you (as an individual) have in tIRA, Rollover IRA, SEP IRA, or SIMPLE IRA at the end of the year. You apparently did a conversion in 2016. At the ...
by retiredjg
Mon May 02, 2016 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio, saving for a home, managing windfall, for married couple in 30s and 40s
Replies: 17
Views: 1891

Re: Help with portfolio, saving for a home, managing windfall, for married couple in 30s and 40s

New annual Contributions -Already maxed out 2 backdoor Roths for 2016 (included above) -1-2K in SEP IRA (TBD at year end based on earnings in side hustle) I have not finished reading your post but this caught my eye. You don't seem to be aware that the SEP IRA with interfere with the SEP's owner us...
by retiredjg
Mon May 02, 2016 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Advice on 401k Rollover and General Investment Strategy
Replies: 9
Views: 683

Re: Advice on 401k Rollover and General Investment Strategy

The bulk of our investments are with a brick and mortar brokerage firm. Rather than bringing the 401k rollover to that firm and paying the higher fees, I am considering a doing it myself using Vanguard with their 3 or 4 index fund approach. I was thinking that I would use an asset allocation separa...
by retiredjg
Sun May 01, 2016 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: IRA or Taxable ?
Replies: 11
Views: 809

Re: IRA or Taxable ?

Very shortly I will post the name/symbol of each of her funds so that they can be evaluated. I do remember the words "Simple IRA" written on the top of one document. Anything that is in a SIMPLE IRA can be rolled into an IRA. As mentioned, you need to get more specific information on her ...
by retiredjg
Sun May 01, 2016 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: In-Law's Sketchy Investment Advice
Replies: 13
Views: 1598

Re: In-Law's Sketchy Investment Advice

Looks like the original poster accidentally edited the post instead of quoting it or answering it. Don't ask how I know that…. :twisted:
by retiredjg
Sun May 01, 2016 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: No tax advantaged accounts - all muni bonds?
Replies: 12
Views: 1131

Re: No tax advantaged accounts - all muni bonds?

I don't think I'd use just muni bonds for the entire $1.5 million allocation to bonds. I'd put a fair amount into CD's for diversification and safety - they may have to be spread out among several banks to be covered by FDIC. If state tax is involved, holding some treasuries (no state tax) is probab...
by retiredjg
Sun May 01, 2016 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: IRA or Taxable ?
Replies: 11
Views: 809

Re: IRA or Taxable ?

If the money is not already in an IRA or a 401k or 403b or similar account, she can't just put it all in an IRA. If she were working she could put $6,500 a year into an IRA (either traditional or Roth).
by retiredjg
Sun May 01, 2016 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: In-Law's Sketchy Investment Advice
Replies: 13
Views: 1598

Re: In-Law's Sketchy Investment Advice

Agree. I didn't get to read the original post, but I did see a mention of "mining company". One thing that happens both by scam and by accident…a person might buy worthless mineral rights thinking they are buying land or vice versa - buy land but not hold the mineral rights which can resul...
by retiredjg
Sun May 01, 2016 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 30
Views: 3504

Re: Time to follow the Boglehead way?

Regarding your taxable account… I found the $248k of Contrafund - this must be what has the gains you were talking about. I do not think this is not a very tax-efficient fund (I'll have to check), so you might want to get rid of it. Or get rid of much of it. Perhaps you can offset the gains using lo...
by retiredjg
Sun May 01, 2016 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 30
Views: 3504

Re: Time to follow the Boglehead way?

Thanks. In regards to the 401k. I had a very good conversation with Employee Fiduciary. Their fees are very reasonable for a small plan like ours. I think it came out to like$1700 ($1500 plus 0.08% of total, which in my case is around $250K) without any additional employee fees and they do not step...
by retiredjg
Sun May 01, 2016 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Time to follow the Boglehead way?
Replies: 30
Views: 3504

Re: Time to follow the Boglehead way?

Thanks for the update. I have put everything together in one place. We will use this to work from. OK - I broke it all apart. Debt: Mortgage $258K @ 3.5% Tax Filing Status: Married filing jointly Tax Bracket: Fed 25%/28% marginal, NYS 6.6%/6.7% marginal Age: Spouse A 54/Spouse B 60 Total portfolio a...

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