Search found 444 matches

by lepa71
Fri Aug 12, 2022 11:37 am
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

retiredjg wrote: Fri Aug 12, 2022 11:30 am If AVUV is actively managed and VBR follows an index, it seems unlikely to me they would be considered "substantially identical".

However, I'm not familiar with the fund at all. Perhaps you can use the google search box above to find earlier discussions about that ETF.
I'm primarily trying to figure out if it would be a wash sale or not. It seems you are inclined to "no".
by lepa71
Fri Aug 12, 2022 9:52 am
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

I have one more question.
Does it qualify to sell VBR and buy AVUV as a wash sale? They are both Small-cap value ETFs.
If it is not a wash sale then I would consider it for the Roth account. I think from what I have read AVUV maybe not be as tax efficient as VBR being actively managed but it is also more like small-cap value should be.
I watched Rob Berger channel and he kind of liked it even at EP 0.25

Thanks
by lepa71
Wed Aug 10, 2022 6:04 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

retiredjg wrote: Wed Aug 10, 2022 5:33 pm Well, you got $800 extra losses and I got $2,500 in extra losses (without selling VBR). So one of us is wrong by a lot.

That is why I asked how you got that number. I got my number from the first chart you posted.
I know when I made a mistake with the new cost basis. Here it is. It's about $1000.
Image
by lepa71
Wed Aug 10, 2022 5:14 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

1. sell VBR and VGT in Roth IRA. I would have to wait for settlement as I'm selling all( this is per Vanguard). Buy VOOG in Roth. This is going to stay there for 31 days. You can do this but why use a growth fund, even for a month, when you are trying to tilt AWAY from growth and TOWARD value? 2. sell all VBK (losses and gains lots), VFH, VGT, VOO. Keep VBR. Let it settle and buy VTI and some VXUS. I calculated I would have a net loss of $800. I think this loss can go against my regular income . I get a very different number. Why don't you show us how you got that number. I would keep VUG but not invest more into it. I know it is not as small-cap value tilted per se to be but I'm ok with it. Are you aware that "growth" is the opp...
by lepa71
Wed Aug 10, 2022 3:16 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

I just want re-confirm. I think you are mixing VBR and VBK. VBK has 3 blocks. 2 with losses that were bought in march and april of 2021 and 1 with gains bought in 2018. For VBR, they are all losses and I would like to keep it all. If I sell VBK losses lots(2 of them), they would be the latest and not purchased within the last 30 days. Do you see this as a concern? I did not look at the losses and gains. Your post yesterday, in your conversation with lakpr, talked about selling VBR with losses and keeping the VBR with gains. That is all I was talking about. If I sell VBK losses lots(2 of them), they would be the latest and not purchased within the last 30 days. Do you see this as a concern? No. But if you are trying to tilt toward value, th...
by lepa71
Wed Aug 10, 2022 12:00 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

lepa71, I don't think you have a good understanding of wash sales. This is not a criticism - it is a complicated subject. I'm not the best person to explain this, but here are some basic things I think you may not yet understand. 1. If you sell a fund in your taxable account at a loss, there will be a wash sale if you have bought that fund in taxable within the last 30 days and you keep those shares just bought. These are called "replacement shares" even though you bought them before. Vanguard should flag this for you. 2. If you sell a fund in your taxable account at a loss, there will be a wash sale if you buy that fund in taxable in the next 30 days. What you buy is considered "replacement shares" for what you sold at...
by lepa71
Wed Aug 10, 2022 9:46 am
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

tashnewbie wrote: Wed Aug 10, 2022 9:26 am
lepa71 wrote: Wed Aug 10, 2022 8:51 am Also, Does Vanguard report properly loss harvesting?
Yes. Presuming all of the lots you're selling are covered lots. Vanguard has no visibility into your holdings in non-Vanguard accounts, so if you create a wash sale with one of those, it can't report that.
This is maybe a stupid question. Let's say, selling VOO in a taxable account and buying Fidelity® 500 Index Fund/FXAIX in 401k. Is it considered a wash sale? I do bi-weekly contributions to my 401k where I FXAIX.

Thanks
by lepa71
Wed Aug 10, 2022 9:26 am
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

Do I have to sell and buy on the same day in my case in a taxable account?
by lepa71
Wed Aug 10, 2022 8:51 am
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

retiredjg wrote: Tue Aug 09, 2022 4:42 pm You could sell everything in Roth IRA and put it in a target fund for a month or so. Then clean up your taxable account. Wait 30 days. Then buy whatever you want in the Roth IRA ....but do not put anything in the Roth IRA that is also (or ever will be) in taxable.
@retiredjg Can I use my VOOG in Roth instead of Target fund for 31 days?

Also, Does Vanguard report properly loss harvesting?
by lepa71
Tue Aug 09, 2022 6:17 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

You could sell everything in Roth IRA and put it in a target fund for a month or so. Then clean up your taxable account. Wait 30 days. Then buy whatever you want in the Roth IRA ....but do not put anything in the Roth IRA that is also (or ever will be) in taxable. I still need VBR somewhere. I have plenty of bonds in 401Ks. I guess I could put it into target 2055 or something to reduce bonds allocation. I feel like I would end up with VBR and/or VTI in taxable and Roth IRA at some point. Am I missing something? If you have the same fund in both taxable and Roth IRA, you will always have to watch for and/or do things to avoid wash sales and/or work out the wash sales on your taxes. If you want to avoid doing those things, don't hold the sam...
by lepa71
Tue Aug 09, 2022 4:59 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

retiredjg wrote: Tue Aug 09, 2022 4:42 pm You could sell everything in Roth IRA and put it in a target fund for a month or so. Then clean up your taxable account. Wait 30 days. Then buy whatever you want in the Roth IRA ....but do not put anything in the Roth IRA that is also (or ever will be) in taxable.
I still need VBR somewhere. I have plenty of bonds in 401Ks. I guess I could put it into target 2055 or something to reduce bonds allocation.
I feel like I would end up with VBR and/or VTI in taxable and Roth IRA at some point.
Am I missing something?
by lepa71
Tue Aug 09, 2022 4:39 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

I have a generic question about Vanguard TLH. Do they properly report it or I would have to keep track of it?

Thanks
by lepa71
Tue Aug 09, 2022 4:35 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

So just I understand. 1. sell VBR with losses only, keep one VBR with gains 2. sell VFH 3. sell all VOO 4. keep all VGT 5. sell VUG worth $6300 or close enough. questions 1. Why do I want to keep VGT? There could be a reason. Tech has made me ok money. I had them as MF before. 2. still not sure Why not buy VBR for 31 days? 1. I assumed that you do not want to pay taxes at this time unnecessarily. So I asked you to sell only to just enough offset the losses. VGT has gains in it. Long term gains. If you are ok paying 15% rate on the gains, that is ok. 2. You are selling the VBR lots with losses, and realizing those losses. If you buy the same ETF again within 30 days, you will NOT be able to claim these losses on your tax return that you wil...
by lepa71
Tue Aug 09, 2022 4:28 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

I would sell all of the lots that have losses, assuming you don't have any of those funds in any other account. I would direct the proceeds into something like ITOT or SCHB. I would probably sell an equivalent amount of VUG and/or VGT (no net gain, so no tax) to unwind those positions. I would direct dividends and capital gains into your settlement account so you have more control over how you use them. Just trying to understand. When you say "assuming you don't have any of those funds in any other account.", you mean another taxable account. For example. I have Roth IRA($32K) that I max out yearly. It has VBR, VGT and VOOG. I'm planning to clean up those as well but it would not generate a taxable event. Now I kind of see the po...
by lepa71
Tue Aug 09, 2022 3:22 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

Yes this is what I was looking for. Now regarding your particular question in the original post, I have follow up question of my own. You said you want to invest in Total Stock Market Index, with a Small Cap Value Tilt. Does that mean you want to end up with only VTI (total stock market ETF) and VBR (small cap value ETF) as the end result? I think that is the goal. VTI or VOO. Don't have a preference. If there are some leftovers in VUG then I will just keep it but will not add more. If that's the case, and assuming you are willing to wait at least 31 days before making any sales or purchases again in this account (and especially do not buy either VBR or VOO within these 31 days), I would sell all lots that are showing losses that aren't al...
by lepa71
Tue Aug 09, 2022 3:05 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

I would sell all of the lots that have losses, assuming you don't have any of those funds in any other account. I would direct the proceeds into something like ITOT or SCHB. I would probably sell an equivalent amount of VUG and/or VGT (no net gain, so no tax) to unwind those positions. I would direct dividends and capital gains into your settlement account so you have more control over how you use them. Just trying to understand. When you say "assuming you don't have any of those funds in any other account.", you mean another taxable account. For example. I have Roth IRA($32K) that I max out yearly. It has VBR, VGT and VOOG. I'm planning to clean up those as well but it would not generate a taxable event. Now I kind of see the po...
by lepa71
Tue Aug 09, 2022 2:29 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

lakpr wrote: Tue Aug 09, 2022 2:23 pm Yes this is what I was looking for. Now regarding your particular question in the original post, I have follow up question of my own. You said you want to invest in Total Stock Market Index, with a Small Cap Value Tilt.

Does that mean you want to end up with only VTI (total stock market ETF) and VBR (small cap value ETF) as the end result?

All purchases of VBR, according to the screenshot, are showing losses. Too juicy to not realize that loss to offset the gains on VUG. But if you do that, can you wait at least 30 days after the date of sale, before you are tempted to buy VBR again in this taxable account?
What is so important about 30 days?
by lepa71
Tue Aug 09, 2022 2:27 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

lakpr wrote: Tue Aug 09, 2022 2:23 pm Yes this is what I was looking for. Now regarding your particular question in the original post, I have follow up question of my own. You said you want to invest in Total Stock Market Index, with a Small Cap Value Tilt.

Does that mean you want to end up with only VTI (total stock market ETF) and VBR (small cap value ETF) as the end result?
I think that is the goal. VTI or VOO. Don't have a preference. If there are some leftovers in VUG then I will just keep it but will not add more.
by lepa71
Tue Aug 09, 2022 1:56 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

lakpr wrote: Tue Aug 09, 2022 1:30 pm From the screenshot, I see that the cost basis is set as FIFO. Before making any sale, I suggest that you turn the Specific ID basis on, and then refresh to see what the table says regarding gains and losses. You would want to avoid an inadvertent wash sale ..
Is this what you were looking for?

[Image containing personal account information removed by admin LadyGeek]
by lepa71
Tue Aug 09, 2022 1:39 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

lakpr wrote: Tue Aug 09, 2022 1:30 pm From the screenshot, I see that the cost basis is set as FIFO. Before making any sale, I suggest that you turn the Specific ID basis on, and then refresh to see what the table says regarding gains and losses. You would want to avoid an inadvertent wash sale ..
Where do I do that?

also, Do I better set ETFs Dividends and Capital gains to Reinvest or Transfer to the settlement fund?
by lepa71
Tue Aug 09, 2022 1:36 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

Taylor Larimore wrote: Tue Aug 09, 2022 1:06 pm lepa71:

Consider the Three-Fund Portfolio as a target for your consolidation.

Best wishes.
Taylor
Jack Bogle's Words of Wisdom: "There may be better investment strategies than owning just three broad-based index funds but the number of strategies that are worse is infinite."
I don't think I want bonds in my taxable account but I'm trying to follow 3-4 funds/ETF low index portfolio with a small-cap value tilt.
by lepa71
Tue Aug 09, 2022 12:40 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

Another question.
Do I better set ETFs Dividends and Capital gains to Reinvest or Transfer to the settlement fund?
by lepa71
Tue Aug 09, 2022 12:37 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

Chip wrote: Tue Aug 09, 2022 4:22 am
JoinToday wrote: Tue Aug 09, 2022 12:19 am Having said that, it appears like most are a loss. Why not just sell everything except VTI (total US stock market) & put the proceeds in VTI (or VTI + VXUS (total International Stock ETF)?
Agreed. Depending on the tax situation OP might consider only selling enough VUG to break even on the gain/loss after selling the other positions. Eyeballing it that would be about half of the VUG.
After taking out VTI amounts, take sum of all loses
$3,628.10
$1,468.56
$854.00
$1,417.80
=========
$7,368.46 - $1,557.00(VTG gains) = $5,811.46 <--- how much can I sell of VUG? What is the formula?

I'm small cap value tilted. I may keep VBR.
by lepa71
Tue Aug 09, 2022 12:23 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

Chip Munk wrote: Tue Aug 09, 2022 9:49 am
lepa71 wrote: Tue Aug 09, 2022 9:26 am Should I convert those into MF or should I stay with EFTs?
Vanguard will convert mutual fund shares to their ETF equivalent but not the other way around. To "convert" your ETF shares to the equivalent mutual fund you would have to sell those shares and then use the proceeds to purchase the mutual fund and that would be a taxable event if you sold at a gain and probably a wash sale if you sold an ETF at a loss and put the proceeds in the equivalent mutual fund.

Is there a reason why you would prefer to hold mutual funds instead of ETFs?
I don't. This is why I asked.
by lepa71
Tue Aug 09, 2022 9:26 am
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Re: Help to consolidate in Taxable account

Really hard to make good recommendations without seeing the big picture of all your assets. There is a standard format for presenting your portfolio. Having said that, it appears like most are a loss. Why not just sell everything except VTI (total US stock market) & put the proceeds in VTI (or VTI + VXUS (total International Stock ETF)? I am not seeing bonds, and assume they are somewhere else. I don't really need a full evaluation, I just need help with reducing the number of ETFs and/or conversion into MFs in a taxable account. I'm just trying to minimize tax consequences if there are any. I'm not sure about loss harvesting. I have read somewhere about selling and buying similar funds would not be a candidate for loss harvesting. I c...
by lepa71
Mon Aug 08, 2022 11:53 pm
Forum: Personal Investments
Topic: Help to consolidate in Taxable account
Replies: 54
Views: 3049

Help to consolidate in Taxable account

I need help consolidating ETFs into a smaller number of them if possible. I know I went a little bit crazy. Maybe even convert them into Mutual Funds.
Because it is a taxable account I'm wondering what I should do. Here are the ETFs with their cost basis summary.

Image
by lepa71
Wed Jul 20, 2022 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Cash
Replies: 36
Views: 5059

Re: Personal Capital Cash

do you like to drive on roads and bridges? I bet you don't like to pay for construction of those either.
nobody wants to pay more than they need to.
by lepa71
Wed Jul 20, 2022 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Cash
Replies: 36
Views: 5059

Re: Personal Capital Cash

whodidntante wrote: Wed Jul 20, 2022 11:57 am Treasury bills are trading at over 3% YTM right now and the duration risk is about as minimal as it can be. Plus those are exempt from state taxes, which is useful for those of us who live in a state where "the People's Republic of" is a suitable prefix.
Really?!?!?!
by lepa71
Fri Jul 08, 2022 10:19 pm
Forum: Personal Investments
Topic: HSA in Fidelity but the other accounts in VG which EFT or fund to buy
Replies: 6
Views: 502

Re: HSA in Fidelity but the other accounts in VG which EFT or fund to buy

grabiner wrote: Fri Jul 08, 2022 10:00 pm Since your HSA and Roth IRA are both growing tax-free for expenses in retirement, it makes sense to treat them as one account for asset allocation purposes. With the HSA likely the smaller account, choose one asset class that you would otherwise hold in the Roth IRA, and hold that in the HSA.

(One exception: if you live in CA or NJ, which don't recognize HSAs, holding a Treasury fund in the HSA is best if Treasuries fit your investment needs, since that fund is state tax-exempt. If you don't hold a bond fund, use a tax-efficient stock fund such as a total-market ETF.)
I actually end up with FIDELITY SMALL CAP VALUE INDEX FD as I was thinking to add small-cap value to my portfolio. I'm not in either of those states.
by lepa71
Wed Jul 06, 2022 5:16 pm
Forum: Personal Investments
Topic: HSA in Fidelity but the other accounts in VG which EFT or fund to buy
Replies: 6
Views: 502

Re: HSA in Fidelity but the other accounts in VG which EFT or fund to buy

Hi VG does not have stand-alone HSA accounts but Fidelity does. I left a job where we were using Further as HSA, new job does not offer HSA at all. At Further I had to keep a $1K in the non-investing part of the account. So I rolled over the Further HSA into Fidelity HSA where I can invest the whole amount. It is about $10K for easy numbering. I can invest in pretty much anything at Fidelity but my brokerage, tIRA, and Roth IRA are in Vanguard. So I'm thinking that I end up at Vanguard after retirement. I'm thinking put it into SP500. So my questions are 1. Do I go with the Fidelity SP500(FXAIX) fund or with Vanguard S&P 500 ETF(VOO) or with ISHARES CORE S&P 500 ETF(IVV)? Assuming you are treating the HSA as part of your retirement...
by lepa71
Wed Jul 06, 2022 12:49 pm
Forum: Personal Investments
Topic: HSA in Fidelity but the other accounts in VG which EFT or fund to buy
Replies: 6
Views: 502

HSA in Fidelity but the other accounts in VG which EFT or fund to buy

Hi VG does not have stand-alone HSA accounts but Fidelity does. I left a job where we were using Further as HSA, new job does not offer HSA at all. At Further I had to keep a $1K in the non-investing part of the account. So I rolled over the Further HSA into Fidelity HSA where I can invest the whole amount. It is about $10K for easy numbering. I can invest in pretty much anything at Fidelity but my brokerage, tIRA, and Roth IRA are in Vanguard. So I'm thinking that I end up at Vanguard after retirement. I'm thinking put it into SP500. So my questions are 1. Do I go with the Fidelity SP500(FXAIX) fund or with Vanguard S&P 500 ETF(VOO) or with ISHARES CORE S&P 500 ETF(IVV)? 2. If I go with VOO then can I transfer in kind when the time...
by lepa71
Wed Jun 22, 2022 9:22 pm
Forum: Personal Investments
Topic: Help selecting funds.
Replies: 20
Views: 1293

Re: Help selecting funds.

Is there a website where I can find a curve for target funds to show how often the rebalancing is going to happen?
by lepa71
Wed Jun 22, 2022 5:45 pm
Forum: Personal Investments
Topic: Help selecting funds.
Replies: 20
Views: 1293

Re: Help selecting funds.

BlackRock LifePath Index funds are excellent target date funds, and using one in your employer's plan would be a good choice. If you want to create your own asset allocation then use a combination of: 1) FIDELITY 500 INDEX (FXAIX) ER 0.02%; 2) FIDELITY INTERNATIONAL INDEX (FSPSX) ER 0.04%; and 3) FIDELITY U.S. BOND INDEX (FXNAX) ER 0.03%. NY LIFE INS CO ANCHOR IV fund is probably a Stable Value Fund or Guaranteed Income Fund. If it pays a good interest rate it could be a suitable alternative to the bond fund. I suggest reinvestment of the old 401k account immediately after the rollover. I see no benefit to stringing out the process. I'm wondering, why not include FIDELITY EMERGING MARKETS IDX. Is it because of the current market? You could...
by lepa71
Wed Jun 22, 2022 5:17 pm
Forum: Personal Investments
Topic: Help selecting funds.
Replies: 20
Views: 1293

Re: Help selecting funds.

BlackRock LifePath Index funds are excellent target date funds, and using one in your employer's plan would be a good choice. If you want to create your own asset allocation then use a combination of: 1) FIDELITY 500 INDEX (FXAIX) ER 0.02%; 2) FIDELITY INTERNATIONAL INDEX (FSPSX) ER 0.04%; and 3) FIDELITY U.S. BOND INDEX (FXNAX) ER 0.03%. NY LIFE INS CO ANCHOR IV fund is probably a Stable Value Fund or Guaranteed Income Fund. If it pays a good interest rate it could be a suitable alternative to the bond fund. I suggest reinvestment of the old 401k account immediately after the rollover. I see no benefit to stringing out the process. I'm wondering, why not include FIDELITY EMERGING MARKETS IDX. Is it because of the current market? Also. Are...
by lepa71
Wed Jun 22, 2022 9:49 am
Forum: Personal Investments
Topic: need help filling 401k rollover form
Replies: 3
Views: 364

Re: need help filling 401k rollover form

David Jay wrote: Wed Jun 22, 2022 8:24 am The two options (see the bold title of each) are to send the check to a financial institution or send the check to a person. Clearly you want to use the first option - send check to a financial institution.
2nd option says to a person or entity.
My problem was that I can't fit in "Attn: RBS Cash Management " and "Charles Schwab Trust Company "

I called 2 times to Principal and 2nd rep. said to use 2nd option and put "Charles Schwab Trust Company" to "Addressed to" and "Attn: RBS Cash Management " on address line 1, "PO BOX" in address line 2.
by lepa71
Tue Jun 21, 2022 12:38 pm
Forum: Personal Investments
Topic: need help filling 401k rollover form
Replies: 3
Views: 364

need help filling 401k rollover form

Hi all I'm trying to roll over money from Principal to Schwab. I got an acceptance letter from Schwab( retirement focus). This is whom my new employer uses. It shows this: The rollover check should be made payable to: CSTC FBO DDM Account #12345 F/C (participant name) The check should be mailed to: Charles Schwab Trust Company Attn: RBS Cash Management P.O. Box 81686 Austin, TX 78708 Instructions say that I should initiate it from the Principal side but when I get to distribution I see options like Mailed directly to a financial institution Receiving financial institution name ____________________________ This is who we'll make the check out to--we'll add your name automatically. ____________________________________________(FBO LEONID GRINB...
by lepa71
Mon Jun 20, 2022 7:11 pm
Forum: Personal Investments
Topic: Help selecting funds.
Replies: 20
Views: 1293

Re: Help selecting funds.

I kind of always wanted to try Paul Merriman’s target fund and small-cap value portfolio in 80/20 between the 2. I saw the demo from his foundation and saw some gains there. What do you think? I've heard of the notion of using a small cap value fund combined with a target date fund on a podcast where Paul was either a guest or the podcast host, but that's the extent of my exposure to this idea. However, given the choices you've listed, it seems one of the funds might be mislabeled. Vanguard does not consider the ticker VSCIX to be small cap value, they consider it small cap blend. So, I'm not really seeing which fund you could use in your plan to provide the small cap value exposure. Name Full Name Symbol Total Expense Net Expense Ratio VA...
by lepa71
Mon Jun 20, 2022 6:38 pm
Forum: Personal Investments
Topic: Help selecting funds.
Replies: 20
Views: 1293

Re: Help selecting funds.

... Any thoughts? Name Full Name Symbol Total Expense Net Expense Ratio FIDELITY 500 INDEX Fidelity 500 Index FXAIX 0.02% 0.02% FIDELITY U.S. BOND INDEX Fidelity US Bond Index FXNAX 0.03% 0.03% FIDELITY INTERNATIONAL INDEX Fidelity International Index FSPSX 0.04% 0.04% I'd probably just use the 3 listed above ^^^. Combine in a way that suits your desired asset allocation. Regards, Can you share your thoughts on ratio? I'm currently 90/10 stock/bond. Not sure about us vs international. I usually suggest about 30% of your stock should be international. This is enough to get the extra diversification benefit from owning international equities. At your age, (51) I would consider a higher bond allocation than 10%, but what your spouse's portfol...
by lepa71
Mon Jun 20, 2022 5:44 pm
Forum: Personal Investments
Topic: Help selecting funds.
Replies: 20
Views: 1293

Re: Help selecting funds.

retired@50 wrote: Mon Jun 20, 2022 5:21 pm
lepa71 wrote: Mon Jun 20, 2022 5:14 pm ... Any thoughts?

Code: Select all

Name                               Full Name                              Symbol           Total Expense      Net Expense Ratio
FIDELITY 500 INDEX                 Fidelity 500 Index                     FXAIX            0.02%              0.02%
FIDELITY U.S. BOND INDEX           Fidelity US Bond Index                 FXNAX            0.03%              0.03%
FIDELITY INTERNATIONAL INDEX       Fidelity International Index           FSPSX            0.04%              0.04%
I'd probably just use the 3 listed above ^^^.

Combine in a way that suits your desired asset allocation.

Regards,
Can you share your thoughts on ratio? I'm currently 90/10 stock/bond. Not sure about us vs international.
by lepa71
Mon Jun 20, 2022 5:41 pm
Forum: Personal Investments
Topic: Help selecting funds.
Replies: 20
Views: 1293

Re: Help selecting funds.

Just forgot to ask. I assume my ER is the Net Expense Ratio.
by lepa71
Mon Jun 20, 2022 5:14 pm
Forum: Personal Investments
Topic: Help selecting funds.
Replies: 20
Views: 1293

Help selecting funds.

Hi I'm a married 51-year-old guy. Just started a new job. Need some help selecting funds from the list. There are quite a few really good funds and this is why I need help. I was thinking of Paul Merriman's target-date funds and small-cap funds but not sure. Or maybe just pick a BlackRock index 2055 as I'm tolerant for very aggressive. Not sure what that " NY LIFE INS CO ANCHOR IV " fund is and couldn't find much info on it. Also seems like DFA Commodity Strategy Institutional is doing very well last and this year. Any thoughts? Name Full Name Symbol Total Expense Net Expense Ratio FIDELITY 500 INDEX Fidelity 500 Index FXAIX 0.02% 0.02% FIDELITY MID CAP INDEX Fidelity Mid Cap Index FSMDX 0.03% 0.03% FIDELITY U.S. BOND INDEX Fideli...
by lepa71
Tue May 31, 2022 5:53 pm
Forum: Personal Investments
Topic: Need help with calc % into 401K
Replies: 28
Views: 2035

Re: Need help with calc % into 401K

lepa71 wrote: Tue May 31, 2022 5:49 pm So if my employer's plan allows after-tax non-roth 401k contributions then I can transfer it to, let's say, my Vanguard Roth IRA. I don't think I could transfer it into my current employer's Roth 401K. RIght?
I think I found my answer. https://www.bogleheads.org/wiki/Mega-backdoor_Roth
I could transfer back into Roth 401K of the current employer.
by lepa71
Tue May 31, 2022 5:49 pm
Forum: Personal Investments
Topic: Need help with calc % into 401K
Replies: 28
Views: 2035

Re: Need help with calc % into 401K

So if my employer's plan allows after-tax non-roth 401k contributions then I can transfer it to, let's say, my Vanguard Roth IRA. I don't think I could transfer it into my current employer's Roth 401K. RIght?
by lepa71
Tue May 31, 2022 5:24 pm
Forum: Personal Investments
Topic: Need help with calc % into 401K
Replies: 28
Views: 2035

Re: Need help with calc % into 401K

At megacorp it was percentage only as well with a cap but they allowed after tax non roth and would automatically switch to that when the deferral limit was hit so I'd just set if for the top end and let go then transfer out the after tax early the next year. Why do you have to transfer it out? Gains that occur inside the "after-tax non-Roth" account are taxable when withdrawn. But if the money in the after-tax non-Roth account is moved to either a Roth IRA or Roth 401k before any gains occur, subsequent gains within the Roth account are not taxed when a qualified withdrawal is made. A couple of questions about the transfer. If you transfer it into Roth IRA, does it count against your yearly contribution to Roth IRA? If I have a ...
by lepa71
Tue May 31, 2022 5:06 pm
Forum: Personal Investments
Topic: Need help with calc % into 401K
Replies: 28
Views: 2035

Re: Need help with calc % into 401K

placeholder wrote: Tue May 31, 2022 4:58 pm At megacorp it was percentage only as well with a cap but they allowed after tax non roth and would automatically switch to that when the deferral limit was hit so I'd just set if for the top end and let go then transfer out the after tax early the next year.
Why do you have to transfer it out?
by lepa71
Tue May 31, 2022 3:40 pm
Forum: Personal Investments
Topic: Need help with calc % into 401K
Replies: 28
Views: 2035

Re: Need help with calc % into 401K

KingRiggs wrote: Tue May 31, 2022 12:38 pm OP, I feel your pain. My new employer (started last Fall, so at least 2022 is a clean slate) also only allows a percentage to be set. It would be SO MUCH EASIER if a set dollar amount was allowed. In my case, I started with 6% for the first few pay periods, saw what was actually being deferred, and decided to step it up to 9%. I will actually hit my maximum deferral sometime in September (it appears), but I figure that would give me some time before the end of the year to make corrections just in case something really strange were to happen...
My problem with it is that company will not match on paychecks where there was no contribution.
by lepa71
Tue May 31, 2022 12:00 pm
Forum: Personal Investments
Topic: Need help with calc % into 401K
Replies: 28
Views: 2035

Re: Need help with calc % into 401K

I have scheduled a 1 on 1 meeting with an adviser that the company pays for. Let's see what he is going to say. He is supposed to know the plan's insights.
by lepa71
Tue May 31, 2022 10:38 am
Forum: Personal Investments
Topic: Need help with calc % into 401K
Replies: 28
Views: 2035

Re: Need help with calc % into 401K

So I looked at the plan summary and this is what I see.
1. The Plan has been amended, effective as of January 1, 2018, to permit
participants to make after-tax Roth contributions to the Plan.
Does it mean I can?
If yes then based on my numbers. How much more can I contribute? Should I max it out?
Employer A (ex) trad 401k = $7200, roth 401k = $4800
Employer B (new) $15000 for 2022 left to contribute from TR perspective.
by lepa71
Mon May 30, 2022 8:43 pm
Forum: Personal Investments
Topic: Need help with calc % into 401K
Replies: 28
Views: 2035

Re: Need help with calc % into 401K

LadyGeek wrote: Mon May 30, 2022 8:42 pm A post and reply suggesting contributions over the combined IRS limit have been removed.
That is what I thought. LOL.
by lepa71
Mon May 30, 2022 7:43 pm
Forum: Personal Investments
Topic: Need help with calc % into 401K
Replies: 28
Views: 2035

Re: Need help with calc % into 401K

Did I get close? Based on those numbers, yes. Any decent payroll system will not let you contribute more to a 401k than allowed if all your contributions go through that employer. You may wish to shoot for just under $27K total, because the new employer's payroll system probably won't know about your other contributions. If you are lucky enough that your company's payroll system allows you to input an "amount contributed elsewhere" then kudos to that company and payroll system and you can shoot for somewhat over $27K total, knowing that payroll will reduce your last contribution to hit $27K exactly. It is funny that you think a new employer would have something in their payroll system to enter an already contributed amount wherea...