Search found 768 matches

by whaleknives
Wed May 25, 2016 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Income under the IRS filing requirement & Roth conversions
Replies: 10
Views: 610

Re: Income under the IRS filing requirement & Roth conversions

I'm holding the IRS to their word. From IRS Pub 17 (2015), Your Federal Income Tax For Individuals : "Who Must File: married filing jointly and 65 or older (both spouses), THEN file a return if your gross income was at least $23,100. Gross income means all income you received in the form of mon...
by whaleknives
Tue May 17, 2016 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Starting Point For Navigating Through Medicare Maze
Replies: 19
Views: 1147

Re: Starting Point For Navigating Through Medicare Maze

These are some links I found helpful: ⋅  Managing Medicare by Consumer Reports may initially be easier to digest than the Medicare.gov site. ⋅  Medicare.gov shows you costs for plans in your zip code, and tells you how the many combinations of parts work together. The often cited...
by whaleknives
Tue May 17, 2016 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401k plan offerings...how do i tell?
Replies: 15
Views: 1079

Re: Fidelity 401k plan offerings...how do i tell?

You're getting good responses even without posting expense ratios, because the Fidelity Spartan index funds are well known as Vanguard index fund equivalents. But you'll get even more responses if you can provide the information in Asking Portfolio Questions . Just edit your original post. The Wiki ...
by whaleknives
Fri May 13, 2016 3:11 pm
Forum: Personal Consumer Issues
Topic: Legal recourse of UPS "import fees"?
Replies: 10
Views: 1081

Re: Legal recourse of UPS "import fees"?

Synter's website says it's in the business of debt collection for the transportation industry: "Synter provides proactive receivables management to the transportation industry. We help companies reduce their aging by analyzing and identifying the reasons for non-payment, and providing best prac...
by whaleknives
Wed May 11, 2016 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for retirement and review
Replies: 3
Views: 890

Re: Planning for retirement and review

Here's your portfolio (minus unlisted stocks) on Morningstar's Instant X-Ray:

Image

Folks here might disagree with 100% stocks, heavy on growth, and 51% (51%!) in the healthcare sector. You must certainly think you've picked a winner. :D
by whaleknives
Wed May 11, 2016 1:24 pm
Forum: Investing - Theory, News & General
Topic: Batten down the hatches!
Replies: 25
Views: 4371

Re: Batten down the hatches!

I suspect it's due more to the decline of defined benefit pensions in favor of defined contribution plans, and not the state of the stock market. I know I held only company stock contributions until I was forced by changing times into a 401(k). But it's good news about the popularity of index funds!...
by whaleknives
Wed May 11, 2016 1:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Wiki Site Map?
Replies: 3
Views: 1253

Bogleheads Wiki Site Map?

The Help:Navigation page encourages Search for navigating, and does offer Wiki major categories for browsing. But what if we don't know what we don't know? How do we know Approximating total stock market exists if it's not listed under major categories ? It does appear after a long chain of Wiki hom...
by whaleknives
Tue May 10, 2016 8:04 pm
Forum: Investing - Theory, News & General
Topic: A couple of Coffeehouse Portfolio Questions
Replies: 20
Views: 3176

Re: A couple of Coffeehouse Portfolio Questions

Even if you just use a large cap and a small cap fund, you will be getting some mid caps. There is crossover in the sizes. I don't mean to imply that you should not use the whole market, just realize that large plus small may not be that far from the whole market. Yes 500 index and large cap are es...
by whaleknives
Tue May 10, 2016 9:56 am
Forum: Investing - Help with Personal Investments
Topic: 403b rollover question
Replies: 4
Views: 294

Re: 403b rollover question

Maybe she should look at a Roth conversion, if she will benefit by paying some taxes now to convert and avoid future taxes. The Wiki section Roth IRA conversion might help. Where the Wiki says "Traditional IRA", read "403(b)": IRS Rollover Chart . Search for threads on the topic ...
by whaleknives
Sun May 08, 2016 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for 3 weeks between jobs
Replies: 15
Views: 1579

Re: Health insurance for 3 weeks between jobs

"Beneficiaries then have 60 days to inform the administrator whether or not they want to continue insurance coverage through COBRA." COBRA: Continuing Health Insurance After a Job Loss
by whaleknives
Thu May 05, 2016 10:39 pm
Forum: Investing - Theory, News & General
Topic: What's a typical pension funding % ?
Replies: 30
Views: 3605

Re: What's a typical pension funding % ?

I think this might be a clearer quote of what iceport and I posted: This might give you an overview: The 80% Pension Funding Standard Myth , American Academy of Actuaries, JULY 2012. Funding levels look to be moving targets, but should improve over time. . . Thanks very much for that reference, whal...
by whaleknives
Thu May 05, 2016 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Campaigning for a better 403b plan help
Replies: 3
Views: 314

Re: Campaigning for a better 403b plan help

It might help to look at these Wiki's sections: ⋅  403(b) ⋅  401(k) ⋅  How to campaign for a better 401(k) plan ⋅  Setting up a 401(k) plan , including a Morningstar series on 403(b)'s: ⋅  Fiduciary Focus: Fleecing 403(b) Plan Participants: (Part 1)
by whaleknives
Tue May 03, 2016 10:37 pm
Forum: Investing - Theory, News & General
Topic: How many funds in your portfolio?
Replies: 99
Views: 6425

Re: How many funds in your portfolio?

Four: VTSAX 41%, VBTLX 40%, VTIAX 18%, VGHCX 1%.
by whaleknives
Tue May 03, 2016 12:14 am
Forum: Personal Consumer Issues
Topic: Medicare help!
Replies: 25
Views: 2559

Re: Medicare help!

⋅  Managing Medicare by Consumer Reports may initially be easier to digest than the Medicare.gov site. ⋅  Medicare.gov shows you costs for plans in your zip code, and tells you how the many combinations of parts work together. The often cited "Medicare & You" handb...
by whaleknives
Mon May 02, 2016 5:32 pm
Forum: Personal Consumer Issues
Topic: Ally's Webroot Secure anywhere Antivirus software - any good?
Replies: 6
Views: 567

Re: Ally's Webroot Secure anywhere Antivirus software - any good?

Webroot SecureAnywhere was included with a laptop I purchased from Best Buy in 2013. I've had no problems, and it has quarantined or blocked 6 executable files for review. There is an annual subscription of $30, which includes these features: ⋅  "Continuous updates to shield against s...
by whaleknives
Sun May 01, 2016 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Problems with EJ (Is anyone surprised?) [Edward Jones]
Replies: 13
Views: 1721

Re: Problems with EJ (Is anyone surprised?)

Where to start. It seems like you really would benefit from a fee-only financial advisor or planner, to help you move your portfolio from Edward Jones to a lower-cost alternative, and provide some time for more planning and education. I don't think we can turn you into a Boglehead overnight. Here is...
by whaleknives
Sat Apr 30, 2016 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions on getting my daughter started with investing
Replies: 16
Views: 1555

Re: Suggestions on getting my daughter started with investing

Suggest she read William Bernstein's If You Can . A free pdf copy is available here . "For years I've thought about an eleemosynary project to help today's young people invest for retirement because, frankly, there's still hope for them, unlike for most of their Boomer parents. All they'll have...
by whaleknives
Sat Apr 30, 2016 8:47 am
Forum: Investing - Theory, News & General
Topic: What's a typical pension funding % ?
Replies: 30
Views: 3605

Re: What's a typical pension funding % ?

This might give you an overview: The 80% Pension Funding Standard Myth , American Academy of Actuaries, JULY 2012. Funding levels look to be moving targets, but should improve over time. Key Points ⋅  Frequent unchallenged references to 80% funding as a healthy level threaten to create a m...
by whaleknives
Wed Apr 27, 2016 10:56 am
Forum: Investing - Theory, News & General
Topic: Dodge & Cox
Replies: 10
Views: 1628

Re: Dodge & Cox

My only experience with Dodge & Cox was their Balanced Fund (DODBX), which was one of the better choices initially in my 401(k). The active management seemed to get overly enthusiastic about collateralized debt obligations, though: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=150958...
by whaleknives
Mon Apr 25, 2016 6:54 pm
Forum: Personal Consumer Issues
Topic: Pros/Cons of Condo Living?
Replies: 43
Views: 4249

Re: Pros/Cons of Condo Living?

. . . Also read, completely understand, and be willing to live with the rules and restrictions. The written rules may not make any difference, unless you're willing to sue. The enforcement of condominium rules can be arbitrary: some are strictly enforced, while others are ignored when the associati...
by whaleknives
Mon Apr 18, 2016 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can I get some help with my financial plan?
Replies: 10
Views: 923

Re: Can I get some help with my financial plan?

Congratulations! It looks like you're already close to your goal of saving 65% of your gross income over the next 5 years: 60% savings of $24,000 per year, of which 13.75% or $5500 per year is a retirement Roth IRA You're very close to William Bernstein's recommendation in If You Can of 15% retirem...
by whaleknives
Mon Apr 18, 2016 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can I get some help with my financial plan?
Replies: 10
Views: 923

Re: Can I get some help with my financial plan?

Congratulations! It looks like you're already close to your goal of saving 65% of your gross income over the next 5 years: 60% savings of $24,000 per year, of which 13.75% or $5500 per year is a retirement Roth IRA You're very close to William Bernstein's recommendation in If You Can of 15% retireme...
by whaleknives
Mon Apr 18, 2016 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: 401k recreating total stock market indexes
Replies: 6
Views: 554

Re: 401k recreating total stock market indexes

Looking at the Wiki's Approximating total stock market , it would be 81% S&P500/4% Mid-Cap/15% Small-Cap, giving you a portfolio of 49% Equity Fund 02% MidCap 09% Small Cap 30% Dev and Emrg Markets International 10% Bond Fund Or you could drop the MidCap fund and make Small Cap 11% for close eno...
by whaleknives
Sun Apr 17, 2016 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: CD help!
Replies: 14
Views: 1771

Re: CD help!

Bankrate.com also rates the financial institutions themselves. Click on Memo for info on earnings, asset quality, liquidity, and warnings. It might raise more questions than it answers, but it will help you make comparisons.
by whaleknives
Sat Apr 16, 2016 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! HR Doesn't Believe in Index Funds for 401k
Replies: 64
Views: 5694

Re: HELP! HR Doesn't Believe in Index Funds for 401k

It looks like the 401(k) committee and HR have drunk the sales kool-aid. I'm sure you'll get references to many articles like Vanguard's The Case for Index-Fund Investing . There might be some more ammunition in the Wiki's How to campaign for a better 401(k) plan . A final point is that your company...
by whaleknives
Fri Apr 15, 2016 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up Employer 401K [choosing funds in my employer's plan]
Replies: 4
Views: 381

Re: Setting up Employer 401K [choosing funds in my employer's plan]

Welcome. People will have a better idea of what to recommend if you can provide the information in Asking Portfolio Questions . Expense ratios would be helpful. Just edit your original post. I was going to recommend an Inst Index/Mid-Cap/Small-Cap approximation of the Total Stock Market , but I'm no...
by whaleknives
Thu Apr 14, 2016 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Poor Vanguard Index Returns
Replies: 5
Views: 920

Re: Poor Vanguard Index Returns

To take it further, this is what Vanguard says Vanguard Total International Stock Index Fund Investor Shares (VGTSX) is tracking: "**Total International Composite Index through August 31, 2006; MSCI EAFE + Emerging Markets Index through December 15, 2010; MSCI ACWI ex USA IMI Index through June...
by whaleknives
Sun Apr 10, 2016 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA 5 year rule
Replies: 11
Views: 1130

Re: Roth IRA 5 year rule

How about Conversions from a Traditional IRA to a Roth IRA? Is there any waiting period before you can withdraw Tax and Penalty Free? Over 59.5 years Old. No penalty as you are over 59.5 Have you had any Roth IRA for 5 years? The 5-year waiting period applies over 59.5 years - see the IRS flowsheet...
by whaleknives
Sun Apr 10, 2016 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA 5 year rule
Replies: 11
Views: 1130

Re: Roth IRA 5 year rule

The flowsheet in Figure 2.1 of IRS Publication 590-B (2014), Distributions from Individual Retirement Arrangements (IRAs) is a good summary. All you need are the first two Yes's:

Image
by whaleknives
Sun Apr 10, 2016 1:32 pm
Forum: Personal Consumer Issues
Topic: Auto Insurance that lets you make changes online?
Replies: 11
Views: 959

Re: Auto Insurance that lets you make changes online?

State Farm offers these online: Add A Driver Change Garage Address Change Personal Info Change Principal Driver Change Vehicle Usage Manage Drive Safe & Save™ Pay My Bill Quote / Change Coverages Quote / Replace A Vehicle Report A Claim Request Insurance Cards View/Print Documents I've only use...
by whaleknives
Fri Apr 08, 2016 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Plan Details
Replies: 2
Views: 576

Re: Pension Plan Details

My defined benefit pension was abandoned rather than terminated (which would have allowed us to roll our balances into a traditional IRA) because the Federal required funding was about 83%, and my employer did not want to pay out 100%. I would not want to be in the last 17% covered by the plan. :D
by whaleknives
Fri Apr 08, 2016 9:12 pm
Forum: Personal Consumer Issues
Topic: I'm Addicted [to investing and personal finance]
Replies: 64
Views: 8806

Re: I'm Addicted

. . . The rumor of the Fidelity study, that I can not seem to find, about the best investors being dead or forgot about their investments, helps ground me from time to time. https://www.bogleheads.org/forum/viewtopic.php?t=167234 More background on the Zombie Portfolio :beer : Fidelity study identi...
by whaleknives
Fri Apr 08, 2016 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Another newbie in trouble...
Replies: 14
Views: 2256

Re: Another newbie in trouble...

A good place to start would be the Wiki section on Investment adviser . It recommends you "perform due diligence to validate background credentials and complaints" and offers links to online SEC Investment Adviser Public Disclosure forms. A clarification from the Wiki: ". . . only fir...
by whaleknives
Thu Apr 07, 2016 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Projecting taxes in retirement
Replies: 23
Views: 2542

Re: Projecting taxes in retirement

It doesn't have to be accountant territory, if you do your own tax returns. Those recent returns, IRS instructions and tax software (even simplified versions like TurboTax TaxCaster ) are a good place to start with your spreadsheet. Just enter the data and results in as much detail as you can, allow...
by whaleknives
Thu Apr 07, 2016 12:08 pm
Forum: Personal Consumer Issues
Topic: I'm Addicted [to investing and personal finance]
Replies: 64
Views: 8806

Re: I'm Addicted

Everyone runs into it. One of my roommates liked bridge better than studying, but he realized he wouldn't graduate if all he did was play bridge. What were your temptations before investing? How did you get your medical degree? Won't your future work depend on your residency performance? Unless you ...
by whaleknives
Wed Apr 06, 2016 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: What to do when all 401k options are bad?
Replies: 7
Views: 491

Re: What to do when all 401k options are bad?

How good is the match? It's easy to estimate how much the fees cost you each year, and as long as the match is more than this you are ahead of the game, no matter how annoying it may be. . . Grabiner and others have provided the Wiki with a break-even point between 401(k) and taxable: "A reaso...
by whaleknives
Wed Apr 06, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: What to do when all 401k options are bad?
Replies: 7
Views: 491

Re: What to do when all 401k options are bad?

Even bad 401(k)'s offer an opportunity for more tax-advantaged savings, and are usually better than taxable. The Wiki recommendation is (1) 401(k) for the company match, which you've done, (2) individual traditional or Roth IRAs, and (3) any additional savings to the 401(k). Plan to rollover the 401...
by whaleknives
Wed Apr 06, 2016 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Conversion Calculator
Replies: 11
Views: 1062

Re: Roth IRA Conversion Calculator

Ok, so use 61/61 age and you arrive at my results. Still thinking there can be no refund on no income, other than 3000 plus 30k conversion unless I am missing the point Perhaps the refund comes from the assumption that I submit a 1040ES via EFTPS and prepay taxes, then file, then the refund ? The p...
by whaleknives
Wed Apr 06, 2016 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Conversion Calculator
Replies: 11
Views: 1062

Re: Roth IRA Conversion Calculator

Here's my results for two 50-year olds, married filing jointly:

Image

But you know more than I do. :D
by whaleknives
Wed Apr 06, 2016 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Conversion Calculator
Replies: 11
Views: 1062

Re: Roth IRA Conversion Calculator

Try TurboTax Taxcaster. It shows $1243 in Federal income tax for two 50-year olds.
by whaleknives
Sat Apr 02, 2016 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Money From Heaven: Pension Rollover Question & More
Replies: 12
Views: 1461

Re: Money From Heaven: Pension Rollover Question & More

. . . Sadly, there is no "portfolio." Right now, I have cash for 6 months of expenses, no debt, and the $40K in pension money I'm about to roll into a TIRA. Currently, I have $1500 left after bills each month to do something with. . . I raised two kids by myself, spent years digging out o...
by whaleknives
Fri Apr 01, 2016 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Money From Heaven: Pension Rollover Question & More
Replies: 12
Views: 1461

Re: Money From Heaven: Pension Rollover Question & More

. . . As far as the home down-payment, I'm just trying to decide how much of my $1500 disposable income I should put in a retirement account in the future. I'm getting such a late start at the age of 55. So wondering if I should split the $1500 to put some % in retirement funds and some % in a cash...
by whaleknives
Fri Apr 01, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Money From Heaven: Pension Rollover Question & More
Replies: 12
Views: 1461

Re: Money From Heaven: Pension Rollover Question & More

I'd recommend going directly to the Vanguard traditional IRA, since the 401(k) funds are rather expensive, and there's no need to use them for the pension rollover. Since you don't have a firm idea yet on stock/bond allocation, the Vanguard Target Retirement funds are also a good idea. You still hav...
by whaleknives
Fri Apr 01, 2016 10:38 am
Forum: Investing - Help with Personal Investments
Topic: 401K (probably with high fees funds) or taxable account?
Replies: 6
Views: 345

Re: 401K (probably with high fees funds) or taxable account?

Check Expensive or mediocre [401(k)] choices from the Wiki: "Even in a bad 401(k), you should contribute up to the company match. Choose the lowest-cost funds; many bad 401(k)'s have a few lower-cost funds. If you are eligible, additional contributions should usually go into a Roth or Tradition...
by whaleknives
Fri Apr 01, 2016 10:31 am
Forum: Personal Consumer Issues
Topic: Five Best National Parks to Visit?
Replies: 99
Views: 7237

Re: Five Best National Parks to Visit?

They're all wonderful, but it's best if you can avoid the busy times and seasons. Can you imagine how annoying this would be: https://dsx.weather.com//util/image/w/halfdome5.jpg?v=ap&w=980&h=551&api=7db9fe61-7414-47b5-9871-e17d87b8b6a0 "Many hikers can reach the top of Half Dome in ...
by whaleknives
Fri Apr 01, 2016 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Typical wait for 401(k) rollover?
Replies: 7
Views: 346

Re: Typical wait for 401(k) rollover?

Mine took 40 days from Empower to Vanguard. It didn't help that Vanguard failed to send my executed withdrawal form to Empower, and Empower contacted my ex-employer rather than me. Best to call your employer and/or plan until they send their check, and then Vanguard, for updates. It also lets you ca...
by whaleknives
Thu Mar 31, 2016 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: New forum member question [about fund choices]
Replies: 10
Views: 817

Re: New forum member question

Your short list of funds runs from 0% to 59% bonds, with varied returns and volatility over 10 and 24 years. (I threw in Total Bond Market for comparison.) Vanguard Dividend Growth Inv VDIGX (blue) Vanguard Wellington™ Admiral™ VWENX (orange) 34% bonds, average medium quality Vanguard Wellesley® Inc...

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