Search found 26142 matches

by retiredjg
Fri Sep 30, 2016 4:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: Where is Livesoft?
Replies: 25
Views: 1955

Re: Where is Livesoft?

I'm betting it is vacation. Something wonderful. :happy
by retiredjg
Fri Sep 30, 2016 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner's guide to not getting con'd by Chase
Replies: 16
Views: 797

Re: Beginner's guide to not getting con'd by Chase

I think you may be letting the rewards card tail wag your dog. But you say this is very important to you. If so, you need to make your $100k work for you at Chase as best and as cheaply as you can. Perhaps there is some way to get to the Vanguard funds as you say. I don't recall ever hearing about t...
by retiredjg
Fri Sep 30, 2016 8:18 am
Forum: Investing - Theory, News & General
Topic: Anybody using Rick Ferri's "Total Economy Portfolio"?
Replies: 25
Views: 3099

Re: Anybody using Rick Ferri's "Total Economy Portfolio"?

I think a lot of tilters split their US portion to half 500 index and half SCV (or just SC). If they are also using half US and half foreign, that would work out to 25% of the stock allocation going to SCV. I don't see 25% of stock (not necessarily portfolio) as being all that high among people who ...
by retiredjg
Fri Sep 30, 2016 7:38 am
Forum: Investing - Help with Personal Investments
Topic: FBIOX is killing me. [Fidelity Select Biotechnology]
Replies: 48
Views: 2208

Re: FBIOX is killing me. [Fidelity Select Biotechnology]

If you come to the point that you are ready to look at tax-efficiency, this is a fund that probably does not belong in a taxable account. It is an actively managed fund with a 35% turnover according to Morningstar. I did not look up any of the other funds, but I suspect most are also actively manage...
by retiredjg
Thu Sep 29, 2016 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Financial adviser's advice
Replies: 17
Views: 1794

Re: Financial adviser's advice

KPG wrote: I'll have to post my portfolio on here, it's going to take awhile, so I can get some insight from this forum again.

Sounds like a good idea. :happy

Glad to hear you don't plan to use that advisor.
by retiredjg
Thu Sep 29, 2016 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: FBIOX is killing me. [Fidelity Select Biotechnology]
Replies: 48
Views: 2208

Re: FBIOX is killing me.

I guess my real question is how long do you hold on to an underperforming fund, especially if you have too much of it? I think you are approaching this in the wrong way. You are looking for winning funds rather than investing in the market itself. You may think it is possible to buy and sell funds ...
by retiredjg
Thu Sep 29, 2016 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Financial adviser's advice
Replies: 17
Views: 1794

Re: Financial adviser's advice

Fixed index annuity - 37.50% Risk focused All-seasons - 25% Conservative income with growth - 25% Federated strategic value - 12.50% Any comments would be greatly appreciated. Fixed Index Annuity is another word for "big commission for the salesman and a high fee investment for you". Don'...
by retiredjg
Thu Sep 29, 2016 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help- ignored accounts for too long!
Replies: 6
Views: 582

Re: Portfolio Help- ignored accounts for too long!

I'm still struggling with how to account for the Cash balance plan, because I do think it allows for more risk in portfolio (higher equity/lower bond) than our target, but maybe its not really that important. What is the struggle? Can you put it into words? I think it makes perfect sense that the C...
by retiredjg
Thu Sep 29, 2016 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Sorry, but tell [me] what to do with my mortgage
Replies: 42
Views: 2588

Re: Sorry, but tell [me] what to do with my mortgage

To clear some financial numbers up, last year we made about 100k and put about 22k in retirement, 11k to IRAs and 11k into 401ks(total of the 2). So 401ks are only being about 1/3 funded. Total retirement funds now are about 140k. This year we'll make around 125k, next year probably around 135 or 1...
by retiredjg
Thu Sep 29, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Tax filing status if divorce not finalized?
Replies: 19
Views: 856

Re: Tax filing status if divorce not finalized?

This link seems to be a map to different things that apply to "married filing separately". Maybe this could be helpful.

http://taxmap.ntis.gov/taxmap/pub17/p17-013.htm
by retiredjg
Thu Sep 29, 2016 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Sorry, but tell [me] what to do with my mortgage
Replies: 42
Views: 2588

Re: Sorry, but tell [me] what to do with my mortgage

...Roth IRAs are fully funded, 401ks are not. Just how much of the 401ks are not fully funded? If you mean nothing is going into 401k, that is likely to be a mistake. If you mean you are putting a lot into 401k but not the full $18k, that's a different story. I took your question to mean that you h...
by retiredjg
Wed Sep 28, 2016 5:38 pm
Forum: Personal Consumer Issues
Topic: Medicare while travelling?
Replies: 11
Views: 925

Re: Medicare while travelling?

As I understand it, Medicare does not cover international medical costs. Whatever plan you have to supplement Medicare, if you have one, is what you need to check out.
by retiredjg
Wed Sep 28, 2016 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Record Keeping
Replies: 3
Views: 365

Re: Record Keeping

I don't know about the other stuff, but keep a record of how every penny gets into your Roth IRA. You will need that information if you want the money before the Roth IRA is "qualified".

Qualified means you are old enough (59.5) AND the Roth IRA is old enough (5 tax years).
by retiredjg
Wed Sep 28, 2016 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing status if divorce not finalized?
Replies: 19
Views: 856

Re: Tax filing status if divorce not finalized?

Neutral tax preparer sounds like a great idea. Both lawyers should get on board and agree on one. It will make everybody's life easier.
by retiredjg
Wed Sep 28, 2016 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring from joint savings account into Roth IRA -- tax or other issues?
Replies: 3
Views: 286

Re: Transferring from joint savings account into Roth IRA -- tax or other issues?

To my knowledge, the origin of the money for Roth IRA is never questioned. If she is eligible, I don't think it matters where the money comes from.
by retiredjg
Wed Sep 28, 2016 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing status if divorce not finalized?
Replies: 19
Views: 856

Re: Tax filing status if divorce not finalized?

Yes, it is shocking and I don't understand any reason for it. But something you need to know.
by retiredjg
Wed Sep 28, 2016 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing status if divorce not finalized?
Replies: 19
Views: 856

Re: Tax filing status if divorce not finalized?

If you have contributed to Roth IRA for 2016, you may have to make it un-happen. The income limits for married filing separately are very low.

The limits for deducting tIRA contributions are also very low.

You might also want to check out IRS publications such as Pub 504.
by retiredjg
Wed Sep 28, 2016 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Sorry, but tell [me] what to do with my mortgage
Replies: 42
Views: 2588

Re: Sorry, but tell what to do with my mortgage

...market averages beat that so it suggests investing before mortgage pay down. I don't think it does suggest that. I think it suggests it would be financially OK to invest before paying extra on the mortgage. Maybe even financially better. But "financially OK or better" is not the same a...
by retiredjg
Wed Sep 28, 2016 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Novice: Should I get rid of my financial advisor and switch to Vanguard?
Replies: 7
Views: 993

Re: Novice: Should I get rid of my financial advisor and switch to Vanguard?

In addition to the 2% you know about, you are probably paying high expense ratios on their funds and possibly loads as well. You are unlikely to do worse on your own and a VG target fund is almost certainly better. Are you planning to actually move the individual 401k to Vanguard? If so, I think (no...
by retiredjg
Wed Sep 28, 2016 3:35 pm
Forum: Personal Consumer Issues
Topic: Remodel blunter: kitchen design flaw. What can I do now?
Replies: 41
Views: 3518

Re: Remodel blunter: kitchen design flaw. What can I do now?

What did you decide to do?

I suggest pulling out the dishwasher and cutting out most of the side wall on the dishwasher side so the plumber can work from both sides at once.
by retiredjg
Wed Sep 28, 2016 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Determining effect of 'hard pulls' on credit score?
Replies: 7
Views: 309

Re: Determining effect of 'hard pulls' on credit score?

I just checked Credit Karma (sorry about the wrong spelling earlier) for mine. I had 2 Vantage scores - one from TU with no hard pulls listed and one from Equifax with 5 hard pulls over the last 2 years. The difference in the scores was 6 points. They have a page that describes "shopping around...
by retiredjg
Wed Sep 28, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Determining effect of 'hard pulls' on credit score?
Replies: 7
Views: 309

Re: Determining effect of 'hard pulls' on credit score?

My credit went from 770ish to a low of 720. Within 6 months of the low, it was back at 770, and is now at 780. I don't think it matters much. Unfortunately, this would be a significant difference for someone looking for a mortgage. There is almost always some division between 700 and about 770 on t...
by retiredjg
Wed Sep 28, 2016 2:09 pm
Forum: Personal Consumer Issues
Topic: Remodel blunter: kitchen design flaw. What can I do now?
Replies: 41
Views: 3518

Re: Remodel blunter: kitchen design flaw. What can I do now?

It's way too narrowed for an adult to work under the sink at this point. (I can put my head thru the door but absolutely no room for the arms to work on anything.) the plumber told us that the under the sink cabinet should be at least 15 inches to allow room to work. It appears to me the fault belo...
by retiredjg
Wed Sep 28, 2016 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Determining effect of 'hard pulls' on credit score?
Replies: 7
Views: 309

Re: Determining effect of 'hard pulls' on credit score?

Hard pulls are supposed to have a limited effect on your credit report. They do something, but not as much as most of the other factors they consider. A lot of hard pulls in a short time is not supposed to very harmful - they consider that to be shopping around, say, for a mortgage. There could reas...
by retiredjg
Wed Sep 28, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: Betterment Tax-Coordinated Portfolio
Replies: 3
Views: 539

Re: Betterment Tax-Coordinated Portfolio

I found their bond allocations somewhat less than desirable. Not that it is really bad, but I'd like more high quality US bonds. They are using a lot of munis, international, and emerging market bonds compared to the amount of US high quality taxable bonds...in my opinion. I do like this approach be...
by retiredjg
Wed Sep 28, 2016 12:43 pm
Forum: Personal Consumer Issues
Topic: How to end a business relationship with a good friend?
Replies: 41
Views: 2269

Re: How to end a business relationship with a good friend?

Well, do let us know how it goes. :|
by retiredjg
Wed Sep 28, 2016 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: How closely do you check your credit card statements?
Replies: 58
Views: 2455

Re: How closely do you check your credit card statements?

I compare each item, a few from memory but mostly from receipts. Have found no errors from Amazon or ordinary credit cards. Did find a double charge on my debit card. The store machine showed the first transaction did not go through, but apparently it did. Sometimes the Amazon items do not add up ea...
by retiredjg
Wed Sep 28, 2016 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help- ignored accounts for too long!
Replies: 6
Views: 582

Re: Portfolio Help- ignored accounts for too long!

PS. Be sure to have some savings to pay the taxes for money taken out of tIRA. If you use the tIRA itself to pay the taxes, that is an early withdrawal and would trigger a 10% penalty.
by retiredjg
Wed Sep 28, 2016 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help- ignored accounts for too long!
Replies: 6
Views: 582

Re: Portfolio Help- ignored accounts for too long!

So you have not really been living beyond your means - just had other responsibilities. Sounds reasonable enough. With your income if you start working hard at savings, you should be able to do some catching up. If you want a very simple portfolio, you could put the 401k and the tIRAs into a target ...
by retiredjg
Wed Sep 28, 2016 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Please! [2016 Edition]
Replies: 4
Views: 275

Re: Portfolio Review Please! [2016 Edition]

Great. I'd guess you are way ahead of the curve, compared to many people your age/income. :happy
by retiredjg
Wed Sep 28, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: how much to convert to Roth?
Replies: 13
Views: 818

Re: how much to convert to Roth?

Isn't the risk of going over just being tax at 25% for the amount you go over? If you're expecting to be closer to 25% in retirement vs 15%, isn't it worth the risk? Leaving too big a margin is not maximizing the opportunity. Ideally, the right answer is to get a better estimate. Yes, if you don't ...
by retiredjg
Wed Sep 28, 2016 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Please! [2016 Edition]
Replies: 4
Views: 275

Re: Portfolio Review Please! [2016 Edition]

What is going to happen with the after-tax account? Are you planning to roll it into Roth IRA or a regular basis? If not, I think I'd put the money into your taxable account instead.
by retiredjg
Wed Sep 28, 2016 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Please! [2016 Edition]
Replies: 4
Views: 275

Re: Portfolio Review Please! [2016 Edition]

Looks great to me. So nice the $125 a year fee is going away!
by retiredjg
Wed Sep 28, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: how much to convert to Roth?
Replies: 13
Views: 818

Re: how much to convert to Roth?

Seems like you have several opportunities you can exploit during your time of low income. -Roth conversions at a very low rate -tax gain harvesting (if you have gains in a taxable account and want to harvest them without tax) -saver's credit I know some people have asked which is best, but I don't k...
by retiredjg
Wed Sep 28, 2016 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help- ignored accounts for too long!
Replies: 6
Views: 582

Re: Portfolio Help- ignored accounts for too long!

1. How to factor the cash balance plan? We contribute to it annually, If employment stays the same for next 15-20 years this will be a significant annuity amount or lump sum at retirement. But of course, lots can change in 15-20 years. Do we ignore it? Count it as part of Bonds? I would let the pre...
by retiredjg
Wed Sep 28, 2016 10:01 am
Forum: Personal Finance (Not Investing)
Topic: how much to convert to Roth?
Replies: 13
Views: 818

Re: how much to convert to Roth?

OK, you've now told us you are single. Based on the projected 2016 tax rates I have a cushion of $37,650 - $22,000 = $15,650, if I want to stay in the 15% tax bracket. Not quite. The limit of $37650 is taxable income, not AGI. Your number is going to be bigger than $15,650. But I don't know how the ...
by retiredjg
Wed Sep 28, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: how much to convert to Roth?
Replies: 13
Views: 818

Re: how much to convert to Roth?

Yes, you can do that. No, we can't tell you how much because we don't know your taxable income or your marital status.

The magic number for this is not your AGI. It is taxable income - what is left over after you subtract exemptions and deductions from your AGI.
by retiredjg
Wed Sep 28, 2016 9:49 am
Forum: Investing - Help with Personal Investments
Topic: determining roth contributions vs earnings
Replies: 5
Views: 343

Re: determining roth contributions vs earnings

I agree that the tax-payer is responsible. You should be saving all the 1099's and the 5498 Forms that you receive until well after age 59.5. In addition to ordinary contributions to Roth IRA, you need the information about any other money that goes into Roth IRA from -tIRA (an ordinary Roth convers...
by retiredjg
Wed Sep 28, 2016 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Retirement plan/portfolio checkup
Replies: 12
Views: 864

Re: Retirement plan/portfolio checkup

Watty's mention of "state wide" reminded me….she might have a 457b plan available for her use. These frequently have better choices than 403b plans. This is what I found when I googled NJ 457b "To enroll in the NJSEDCP, you must be employed by the State of New Jersey or an eligible ag...
by retiredjg
Wed Sep 28, 2016 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Retirement plan/portfolio checkup
Replies: 12
Views: 864

Re: Retirement plan/portfolio checkup

Assuming the 403b funds are all pretty high ERs, should we skip that and just open the IRA for the wife? Can't tell because we don't know how much money you are saving. For example, if you are saving only $20k a year, I'd put 2/3rds into the better work plan and 1/3 into Roth IRA. Its a generalizat...
by retiredjg
Wed Sep 28, 2016 8:21 am
Forum: Investing - Theory, News & General
Topic: Anybody using Rick Ferri's "Total Economy Portfolio"?
Replies: 25
Views: 3099

Re: Anybody using Rick Ferri's "Total Economy Portfolio"?

Anybody use it, and why/why not? I guess I use it by accident. I don't recall this portfolio being discussed much after its introduction, but I suspect a lot of people tilt to SCV and to REIT. Bonds were not discussed because he was only talking about the equity side of the portfolio. It was not in...
by retiredjg
Wed Sep 28, 2016 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Retirement plan/portfolio checkup
Replies: 12
Views: 864

Re: Retirement plan/portfolio checkup

I would not write off all the annuities without checking on the ERs of the funds and any other administration or management fees that might apply. Even a bad plan can be worth using and you might find 1 usable fund or there might be some decent stable value fund (guaranteed income fund) that is wort...
by retiredjg
Tue Sep 27, 2016 7:44 pm
Forum: Personal Consumer Issues
Topic: Where to spend January-March in Winter??
Replies: 37
Views: 2907

Re: Where to spend January-March in Winter??

You might take a look at a month or two in Cuba. :happy Could be very interesting.
by retiredjg
Tue Sep 27, 2016 7:39 pm
Forum: Personal Consumer Issues
Topic: How to end a business relationship with a good friend?
Replies: 41
Views: 2269

Re: How to end a business relationship with a good friend?

Exactly why I was looking for ideas and advice on how to end a business relationship with a good friend (while maintaining the friendship). Be honest without being brutal. Don't sugar coat it. Don't try to make nice. Don't try to let him down easy because that always turns into something dishonest ...
by retiredjg
Tue Sep 27, 2016 6:09 pm
Forum: Personal Consumer Issues
Topic: How to end a business relationship with a good friend?
Replies: 41
Views: 2269

Re: How to end a business relationship with a good friend?

Been there done that and have had many conversations with him. He can't seem to pull it together for the long term and at this juncture I am just tired of chasing him. This sounds different from your original post. This sounds like you need to have a "this is no longer working for me" dis...
by retiredjg
Tue Sep 27, 2016 4:17 pm
Forum: Personal Consumer Issues
Topic: How to end a business relationship with a good friend?
Replies: 41
Views: 2269

Re: How to end a business relationship with a good friend?

I do realize that this could affect our relationship and I just dread the conversation. Perhaps a text message would be better so he can process it before he responds? If you were my friend, I would not want to hear this in a text message. If he is a true friend, he deserves to hear it from you. If...
by retiredjg
Tue Sep 27, 2016 3:59 pm
Forum: Personal Consumer Issues
Topic: How to end a business relationship with a good friend?
Replies: 41
Views: 2269

Re: How to end a business relationship with a good friend?

First of all, you have to realize that no matter how well this is handled, it may affect the relationship. You have to accept that because there is no way around it. Tell him you have started to become a little uncomfortable with the friend/contractor relationship. Emphasize (just a little) that thi...
by retiredjg
Tue Sep 27, 2016 3:38 pm
Forum: Investing - Theory, News & General
Topic: No Extended Market stocks? How bad is it?
Replies: 10
Views: 884

Re: No Extended Market stocks? How bad is it?

I like to use Total Market so if I only had 500 index available, I'd put extended market (or small cap) in an IRA. However, if I didn't have any IRA space (or other space) available or if I only had access to high cost funds, I'd be happy with just the 500 index. If you plot 500 index against total ...
by retiredjg
Tue Sep 27, 2016 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Managing a windfall: DIY or hire an advisor?
Replies: 53
Views: 4774

Re: Managing a windfall: DIY or hire an advisor?

As of right now, I'm in the late stages of considering a flat-fee advisor - no AUM fee, just a flat rate for the first year then after that I will reconsider continuing the relationship. I feel strongly about not continuing the relationship after the first year - I'd like to get set up on a financi...
by retiredjg
Tue Sep 27, 2016 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Managing a windfall: DIY or hire an advisor?
Replies: 53
Views: 4774

Re: Managing a windfall: DIY or hire an advisor?

Being in a higher tax bracket "in the future" is usually not the issue. It is being in a higher or lower bracket while in retirement that you should consider. It can happen that income is higher in retirement, but it is much more common for income to be lower in retirement and it is freque...

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