Search found 10 matches

by bestisfree
Fri Sep 14, 2018 4:09 pm
Forum: Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 24
Views: 1810

Re: Another high expense-ratio 401(k), Help!

Thanks. I think I will have to think like the organisation startup and learn what one needs to do to start from scratch.

Thank you all for your inputs.
by bestisfree
Thu Sep 13, 2018 6:21 pm
Forum: Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 24
Views: 1810

Re: Another high expense-ratio 401(k), Help!

Use Ivy International Core Equity if you must have international. Agree with Hartford Core Equity Fund (us stocks) and PIMCO Total Return (bonds). Trying to control my gagging reflexes. You should request your employer add some low cost index funds such as a S&P 500 index, extended market index fun...
by bestisfree
Thu Sep 13, 2018 5:46 pm
Forum: Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 24
Views: 1810

Re: Another high expense-ratio 401(k), Help!

I would pick one or two of the lowest ER equity funds and settle for those. The expenses could get better as your organization and the 401k balance grows. But one worry about your listing of the ERs. Did you get these costs from the 401k information or from the internet? I looked up a few and what ...
by bestisfree
Wed Sep 12, 2018 10:34 pm
Forum: Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 24
Views: 1810

Re: Another high expense-ratio 401(k), Help!

Those really bite. How long until retirement, and what is present tax bracket? Current age: 40 Planned retirement: 65 Present tax bracket: barely low end of 33% (married filed jointly) if no pre-tax 401(k) contribution, most likely 28% bracket Note: this is the first year I earn enough that I'd nee...
by bestisfree
Wed Sep 12, 2018 10:28 pm
Forum: Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 24
Views: 1810

Re: Another high expense-ratio 401(k), Help!

Not ideal. But also not the end of the world. Run some back tests on these funds on Portfolio Visualizer against some common index funds (S&P 500, S&P 600, etc.). Find the ones that come closest to the benchmarks. For example, it looks like HGIRX has tracked the S&P 500 very closely since inception...
by bestisfree
Wed Sep 12, 2018 9:55 pm
Forum: Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 24
Views: 1810

Re: Another high expense-ratio 401(k), Help!

2pedals wrote:
Wed Sep 12, 2018 9:44 pm
:shock:
The avatar captured my reaction 100% when I first saw the list. I mean that American Funds U.S. Govt Money Mkt R3 has a .98% ER! That's .13% more than their advertised interest rate, on a MONEY MARKET fund! Highway rubbery I say.
by bestisfree
Wed Sep 12, 2018 9:30 pm
Forum: Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 24
Views: 1810

Another high expense-ratio 401(k), Help!

After a year and a quarter, I am finally able to participate at my (<10 employees) organization's 401(k) plan. I wasn't expecting great expense ratios, but I was surprised with the combination of high expense ratios, few selections, and basically a lack of index funds (only one!!! :oops: ) I've trie...
by bestisfree
Sun Apr 03, 2016 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file tax file jointly to contribute rothIRA but pay more taxes?
Replies: 4
Views: 599

Re: Should I file tax file jointly to contribute rothIRA but pay more taxes?

I don't want to do a backdoor roth IRA (if file married separately) because I have trad IRAs and it's a bit tight to having to convert them to 401(k) in term for the filing deadline. If you're considering transfer of your TIRA assets to 401k to avoid prorata rule for the conversion step of the back...
by bestisfree
Sun Apr 03, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Should I file tax file jointly to contribute rothIRA but pay more taxes?
Replies: 4
Views: 599

Should I file tax file jointly to contribute rothIRA but pay more taxes?

This year, it turns out that I have a particular tax situation. I have two options: (1) File married jointly PRO: my wife and I can both max out our roth IRA contribution ($5500 x 2 = $11k) for 2015 CON: due to how state treat itemized deductions, we'll have to pay ~$500 more state tax than if filin...
by bestisfree
Thu Jan 07, 2016 1:50 pm
Forum: Personal Investments
Topic: Backdoor Roth - consideration tIRA accounts in other banks
Replies: 2
Views: 222

Backdoor Roth - consideration tIRA accounts in other banks

Hi, Thank you first for the wealth of information available here. I just learned about the Backdoor Roth and would want to see if it's possible to do. Situation: Bank A: Existing accounts (1) Roth IRA: $16k (2) 403(b) accounts with a previous employer. No tIRA with Bank A Bank B: Traditional IRA: $1...