Search found 41 matches

by rigoodma
Mon Sep 11, 2017 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401k - Brokeragelink - Pre-Tax/ROTH
Replies: 6
Views: 842

Re: Fidelity 401k - Brokeragelink - Pre-Tax/ROTH

You need to check with your company's 401k documentation. My company has Fidelity for 401k and all of this is explained in the documentation or there is a number to call.
by rigoodma
Wed Aug 23, 2017 6:18 am
Forum: Personal Consumer Issues
Topic: Weightlifting Equipment for Home Gym
Replies: 54
Views: 4962

Re: Weightlifting Equipment for Home Gym

+1 for Starting Strength. I use that and row for endurance. Great program with a number of different profram options
by rigoodma
Mon Jul 24, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and Expense
Replies: 6
Views: 566

Re: Spending and Expense

I don't work for commissions, but I do have at least one regular large bill (a TX-sized property tax bill) and a yearly unknown bonus. I also have ESPP, which while a generally known amount, I only get that money twice a year. So I do what you do: I fill up my emergency fund pot and use that for an...
by rigoodma
Mon Jul 24, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and Expense
Replies: 6
Views: 566

Spending and Expense

All- For people who work on commission jobs (or people in general), how to people manage their spending when income is not at regular intervals or larger expenses come in on a bi-yearly or quarterly basis? Do you have an account to manage this outside emergency fund? Or just deal with it in another ...
by rigoodma
Thu Jun 01, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Please critique my attorney's suggestions..
Replies: 28
Views: 4671

Re: Please critique my attorney's suggestions..

Read "Beyond the Grave". That would give you a good idea of things to consider and why you might want to reconsider a testamentary trust, which is what it sounds like he is proposing. We set up a revocable trust that, if something happened to both my wife and me, all life insurance, investments, etc...
by rigoodma
Wed May 10, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Why not Vanguard(other MF houses) have 'Fee-only-advisors' ??
Replies: 5
Views: 870

Re: Why not Vanguard(other MF houses) have 'Fee-only-advisors' ??

According to the Vanguard Personal Advisor brochure, they do offer on-time investment advice where they create a financial plan for you. With this, it is not ongoing management.

https://personal.vanguard.com/pdf/vpabroc.pdf
by rigoodma
Fri Apr 21, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 5684

Re: Trust Services

For real estate, insurance policies, loans for startup companies, etc., I would contend that is outside the investment realm and should be handled in other sections of the trust and by the corporate trustee. I see the asset manager handling all things related to security exchange markets. This part...
by rigoodma
Fri Apr 21, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 5684

Re: Trust Services

smackboy1, Great thoughts and comments. After reading through all of this, I am in agreement with what you said at the end. Separate the two into a corporate trustee to handle all trustee responsibilities except investment and an asset manager for investment decisions. As far as the conditions in th...
by rigoodma
Wed Apr 19, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 5684

Re: Trust Services

I can tell you that I reached out to talk to VNTC. They mentioned that their 4 buckets of investments are total stock, total bond, total international stock, and total international bond. Depending on time frames and other factors, they might also invest in tax efficient options, like muni bonds, et...
by rigoodma
Wed Apr 19, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 5684

Re: Trust Services

FIREchief wrote:This looks like standard boilerplate. I believe that most/all independent trustees would, at best, just do what they always do (i.e. invest in a "traditional" non-BH manner).


Which is why I'm looking at this and will change in the future. Thanks for the confirmation
by rigoodma
Wed Apr 19, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 5684

Re: Trust Services

I've mentioned this multiple times, but for some strange reason I've yet to find anybody who will accept this as a valid approach. That said, nobody has yet provided any reasons why this won't work as intended. I guess my only comment is using the "low cost, passively managed, index based inve...
by rigoodma
Wed Apr 19, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 5684

Re: Trust Services

Great example of the problem. Your typical index fund invests in options and futures as a matter of course. If you were to forbid the trust from investing in funds that do this, then you would have knocked out the Vanguard funds. Well...crap. I did not know that with regular index funds. I guess th...
by rigoodma
Wed Apr 19, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 5684

Re: Trust Services

Afan brings up a great point. What will investments look like 50 years from now and how much detail should be put into the trust on what they can/cannot invest in. Right now, my trust reads as follows: Without limiting the Trustees’ investment authority in any way, the Trustees shall exercise reason...
by rigoodma
Mon Apr 17, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 5684

Re: Trust Services

I have not used trust services, but I have shopped a lot. As of the last time I checked, Vanguard would not manage real estate as trustee. You would need someone else to do that. This is a problem for us, since there is real estate that would need to be sold when we pass. If that is still the case,...
by rigoodma
Mon Apr 17, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 5684

Re: Trust Services

I spent my career in the trust business but I won't attempt to answer all your questions other than to urge you to have a professional trustee manage your assets separate from the guardian of your children. Any of the options you mention could be good depending on your needs and the size of the tru...
by rigoodma
Mon Apr 17, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 62
Views: 5684

Trust Services

My wife and I just finished setting up our will and trust after long procrastination with it. Our trust is basically a grantor revocable trust in which both my wife and I are trustees of it while we are alive and then it becomes irrevocable if something happens to both of us. Probably very similar t...
by rigoodma
Mon Mar 27, 2017 9:41 am
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 48
Views: 5591

Re: Geico insurance rate increase: 26.24% APY?

I had the same thing happen to me back in November with AllState. I didn't calculate the APR, but it was a decent increase where I called them on it. Their response was that GA ranked 3rd on the number of accidents or accidents per driver (something like that). And they said they were hitting the cu...
by rigoodma
Mon Feb 06, 2017 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs Traditional 401k when maxing out
Replies: 44
Views: 3015

Re: Roth vs Traditional 401k when maxing out

Are you 100% sure you will invest the money in taxable? If you are, you will hear different things from different people. I personally invest in Roth to give me diversification in retirement, as no one knows what taxes will be years from now. And my company match goes to trad so my calculations show...
by rigoodma
Tue Jan 31, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Lync 1099-B
Replies: 4
Views: 372

Re: Merrill Lync 1099-B

Update. I found the following on the account: The Touchstone Board of Trustees also approved, subject to shareholder approval, the reorganization of the Touchstone Capital Growth Fund into the Touchstone Large Cap Fund, expected to be completed on or about June 26, 2015. It was also conveyed that wh...
by rigoodma
Tue Jan 31, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Lync 1099-B
Replies: 4
Views: 372

Re: Merrill Lync 1099-B

It appears to me that the statement "they exchanged the fund to a new fund on June 30th, 2015" is not quite correct. They may have changed to a new account, but not a new fund. It appears from the rest of your post that (forensically) there may have been two funds to begin with: One was s...
by rigoodma
Tue Jan 31, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Lync 1099-B
Replies: 4
Views: 372

Merrill Lync 1099-B

All- Need some thoughts on a 1099-B I got from Merrill. My in-laws had an old account that they were custodians for my wife. When we got married, they moved that account into a separate account so she could do what she wanted with the money. Due to a reorg of the fund, they exchanged the fund to a n...
by rigoodma
Mon Jan 23, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: VGD 1099-R Issue
Replies: 3
Views: 358

Re: VGD 1099-R Issue

Mine has been like this every year with box 2b checked. When putting into turbotax, it does not take out additional taxes for my roth conversion
by rigoodma
Tue Jan 17, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Trusts
Replies: 6
Views: 1095

Re: Inheritance and Trusts

Thanks afan.

This makes sense to me. I have already reached out to my attorney asking the questions and see what he comes back with. I was hoping it would be as simple as making the trust the secondary beneficiary, but it was not clear researching it online.
by rigoodma
Mon Jan 16, 2017 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Trusts
Replies: 6
Views: 1095

Re: Inheritance and Trusts

You have an attorney. Your questions are best answered by the attorney. If he/she is not an estate lawyer, you should consult one who is. One consideration you have not mentioned is a guardian for your child if you both should die. When my children were little, we set up a testamentary trust that n...
by rigoodma
Mon Jan 16, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Trusts
Replies: 6
Views: 1095

Inheritance and Trusts

I am in the process of setting up a will. Details on me Self: 32, Wife: 29 State: GA Children: son, 16 months Currently, all my retirement, IRA, taxable, and life insurance have beneficiary as my wife and secondary as my son. In my will, I am looking to do two things. First, if something happens to ...
by rigoodma
Wed Sep 28, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Margin Loan
Replies: 2
Views: 333

Margin Loan

Can you do a margin loan and use the cash for things other than to buy stock? Examples being home improvements, down purchase of new house, or anything else along that line outside the stock market? What are the pros and cons of doing this verse HELOC? Are interest rates lower normally on one verse ...
by rigoodma
Thu Jun 30, 2016 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: 401K and ESPP Investing
Replies: 17
Views: 1308

Re: 401K and ESPP Investing

I guess, having read the forums, that you know what most people will say here. I like a response about this I saw in the threads a long time ago from Meg77: Here's the general order of priorities, which can vary based on tax bracket, matches, and other details. 1. Max out 401k. Contributing the max...
by rigoodma
Thu Jun 30, 2016 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: 401K and ESPP Investing
Replies: 17
Views: 1308

Re: 401K and ESPP Investing

Bob's not my name wrote:ESPP isn't an investment, it's just a cash flow pipe, so I don't understand your question. Max out the ESPP for the guaranteed 17.6% return (90% annualized) and max your traditional 401k and then make direct Roth IRA contributions instead of back door.


Income is too high for direct roth ira.
by rigoodma
Thu Jun 30, 2016 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: 401K and ESPP Investing
Replies: 17
Views: 1308

Re: 401K and ESPP Investing

The ESPP is a great way to grow your income by a few thousand but once you have that income, you need to decide where you want that money to work for you -- retirement or non-retirement? +1 to this. ESPP is probably a 'use it or lose it every month' but 401k contribution need not be per month. How ...
by rigoodma
Thu Jun 30, 2016 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: 401K and ESPP Investing
Replies: 17
Views: 1308

401K and ESPP Investing

All- Have a question on 401K maxing vs ESPP investing. A little overview (using round numbers for simplicity): Age: 32 Annual Income: $200,000 (rounded for simplicity) Roth 401K Contribution: 6% ($12,000) Employer Match: 4.5% ($9,000) ESPP Contribution: 10% ($20,000) Back Door Roth: $5500 for me, $5...
by rigoodma
Thu May 26, 2016 10:16 am
Forum: Investing - Help with Personal Investments
Topic: 401K Switching to Fidelity
Replies: 9
Views: 762

Re: 401K Switching to Fidelity

I cannot comment on ER on those, as the plan docs do not give all that detail yet. US Debt Index Fund T - follows Dow Jones U.S. Total Stock Market Index BlackRock Extended Equity Market − F - follows Wilshire 4500 index BlackRock US Equity Market Index − F - does not list a particular index There ...
by rigoodma
Thu May 26, 2016 9:39 am
Forum: Investing - Help with Personal Investments
Topic: 401K Switching to Fidelity
Replies: 9
Views: 762

Re: 401K Switching to Fidelity

In your 401k what are the expense ratios on these funds, and the index tracked by each? US Debt Index Fund T BlackRock Extended Equity Market − F BlackRock US Equity Market Index − F In your 401k what is the expense ratio on this fund? Spartan® 500 Index Fund − Fidelity Advantage Class You might be...
by rigoodma
Thu May 26, 2016 9:19 am
Forum: Investing - Help with Personal Investments
Topic: 401K Switching to Fidelity
Replies: 9
Views: 762

Re: 401K Switching to Fidelity

wanderer wrote:With access to a self-directed account in your 401(k) see these FIDO equivalents
https://www.bogleheads.org/wiki/Fidelity


Well, that was easy. Thanks, exactly what I was looking for.
by rigoodma
Thu May 26, 2016 8:46 am
Forum: Investing - Help with Personal Investments
Topic: 401K Switching to Fidelity
Replies: 9
Views: 762

401K Switching to Fidelity

All- My company has decided to switch my 401K from JP Morgan to Fidelity. Currently with JP Morgan, I am using a self-directed 401K. I put everything in a S&P 500 fund for bi-weekly investments. Then move it to the self-directed account once a year, investing in the following: VTIAX (Total Inter...
by rigoodma
Sun May 25, 2014 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: AA, Retiring Early, and Rebalancing
Replies: 11
Views: 1774

Re: AA, Retiring Early, and Rebalancing

I'm not quite sure if you are understanding how IRA withdrawals are taxed. You keep mentioning the capital gain 15% rate. This has absolutely nothing to do with IRA withdrawals. When you withdraw money from an IRA it is only taxed as income. The "capital gains" inside the IRA do not matte...
by rigoodma
Sun May 25, 2014 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: AA, Retiring Early, and Rebalancing
Replies: 11
Views: 1774

Re: AA, Retiring Early, and Rebalancing

Your effective rate is not very useful other than it might help you estimate how much tax to withhold. Your marginal rate is the one that helps you make financial decisions. For example, if you put $100 in a traditional 401k, you save $28 on taxes. If you make an extra $100 you will pay $28 of that...
by rigoodma
Sun May 25, 2014 7:44 am
Forum: Investing - Help with Personal Investments
Topic: AA, Retiring Early, and Rebalancing
Replies: 11
Views: 1774

Re: AA, Retiring Early, and Rebalancing

Looks like you're doing OK for age 30. Having equal allocations to LCGrowth and LCValue is just the same as having a plain LC fund, such as an S&P500 index fund, so could simplify there. Yeah, this is something I wasn't sure about. The reason I did both, instead of one, was (in my mind) it allo...
by rigoodma
Sun May 25, 2014 7:34 am
Forum: Investing - Help with Personal Investments
Topic: AA, Retiring Early, and Rebalancing
Replies: 11
Views: 1774

Re: AA, Retiring Early, and Rebalancing

Tax Filling Status: Single, until September This means your tax status for 2014 is actually married, most commonly married filing jointly. Unless the marriage doesn't happen. Yes, that is correct. For 2014, I will be married filing jointly. I mentioned single, as that is what I had done for the pre...
by rigoodma
Fri May 23, 2014 8:35 am
Forum: Investing - Help with Personal Investments
Topic: AA, Retiring Early, and Rebalancing
Replies: 11
Views: 1774

Re: AA, Retiring Early, and Rebalancing

Any thoughts on my questions above?
by rigoodma
Wed May 21, 2014 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: AA, Retiring Early, and Rebalancing
Replies: 11
Views: 1774

AA, Retiring Early, and Rebalancing

All- First post to the forum and have a couple of questions after looking over a lot of posts. Emergency funds: 6+ months (split between savings account and bond index) Debt: Mortgage (Worth $250K, owe $183K, monthly $1673, 3.75%), Student loans ($14K, paying them off early, 6.8%) Tax Filling Status...