Search found 671 matches

by Lou354
Fri Jul 31, 2020 1:20 pm
Forum: Personal Consumer Issues
Topic: Do any Bogleheads have a finance YouTube Channel or watch any???
Replies: 7
Views: 994

Re: Do any Bogleheads have a finance YouTube Channel or watch any???

On the Morningstar, Inc YouTube channel, anything by Christine Benz is worthwhile.
by Lou354
Wed Jul 29, 2020 1:30 pm
Forum: Personal Investments
Topic: 401(k) Investment Fund Options for Myself?
Replies: 11
Views: 629

Re: 401(k) Investment Fund Options for Myself?

I'm in general agreement with the advice you've received so far. In addition, start building up an emergency fund. Unexpected expenses are no big deal if you have enough cash set aside to cover them, but can be a real emergency if you don't.
by Lou354
Wed Jul 15, 2020 1:07 pm
Forum: Personal Investments
Topic: How to change AA if target date fund in 401k
Replies: 16
Views: 716

Re: How to change AA if target date fund in 401k

You could exchange the TD2035 fund for individual stock and bond funds or for a different TD fund that has the ratio of stocks to bonds you desire. No bad consequences either way.
by Lou354
Sun Jul 12, 2020 8:40 pm
Forum: Personal Investments
Topic: Does third party paying tuition directly affect 529 qualified distributions
Replies: 35
Views: 1806

Re: Does third party paying tuition directly affect 529 qualified distributions

If I had a third party (grandparent) pay for my child’s college tuition directly, would that affect qualified expenses for 529? From what I see from IRS it would not, but would love to know. This doesn’t seem legitimate. The qualified educational expenses were paid by grandparent, not with money di...
by Lou354
Thu Jul 09, 2020 10:27 am
Forum: Personal Investments
Topic: Is it better to contribute to non deductible IRA and do backdoor Roth IRA in the same calendar year?
Replies: 10
Views: 711

Re: Is it better to contribute to non deductible IRA and do backdoor Roth IRA in the same calendar year?

Yes. The paperwork is a little simpler if the contribution and conversion are in the same tax year.
by Lou354
Wed Jun 24, 2020 7:14 am
Forum: Personal Investments
Topic: 401k Plan: How to Reduce Plan Fees?
Replies: 24
Views: 1026

Re: 401k Plan: How to Reduce Plan Fees?

Your employer may be more receptive to increasing the employer match, instead of paying the plan expenses. It’s more visible to plan participants and therefore earns the employer more goodwill from employees. Right now may not be the best time to propose something like that since unemployment is hig...
by Lou354
Tue Jun 23, 2020 11:21 pm
Forum: Personal Investments
Topic: 401k Plan: How to Reduce Plan Fees?
Replies: 24
Views: 1026

Re: 401k Plan: How to Reduce Plan Fees?

It appears the employer is unwilling to cover the administrative cost of the plan. If so, the cost will have to be borne directly by the plan participants. There are arguments based in fairness for charging 401k plan administrative fees as a flat fee per participant, and conflicting arguments also b...
by Lou354
Tue Jun 23, 2020 4:19 pm
Forum: Personal Investments
Topic: My entire portfolio, per your review, be gentle!
Replies: 40
Views: 6587

Re: My entire portfolio, per your review, be gentle!

REITs are not tax efficient. I recommend selling the REIT fund that's currently in your taxable account. If you want to own a REIT fund, buy it in a tax favored account. If it's less than, say, 5 percent of your portfolio, it probably won't make a difference so you could just drop that fund entirely...
by Lou354
Wed Jun 03, 2020 4:15 pm
Forum: Personal Investments
Topic: Wellesley, LifeStrategy Conservative Growth and/or Target Retirement Income Funds for Risk-averse retiree
Replies: 17
Views: 1854

Re: Wellesley, LifeStrategy Conservative Growth and/or Target Retirement Income Funds for Risk-averse retiree

Wellesley combined with one of the index-based all-in-one funds Is a fine choice. You like Wellesley because of its excellent long-term track record, and you also get the greater diversification from the other fund so all your eggs aren’t in one basket. I say go for it.
by Lou354
Wed Jun 03, 2020 7:42 am
Forum: Personal Investments
Topic: Does every one here only have 3 funds in their portfolios?
Replies: 131
Views: 8111

Re: Does every one here only have 3 funds in their portfolios?

Like a lot of folks in Boglehead land, DW and I have a three-ish fund portfolio. In addition to the pristine, canonical three we also own and continue to buy I-bonds, and we own two other mutual funds (one of them actively managed) that we haven’t sold because of the tax cost. Also DW uses a target ...
by Lou354
Tue May 26, 2020 6:23 pm
Forum: Personal Consumer Issues
Topic: The "Best of" for Aldi?
Replies: 135
Views: 11443

Re: The "Best of" for Aldi?

Simply Natural sweet potato bites (frozen).
by Lou354
Tue May 12, 2020 4:23 pm
Forum: Personal Investments
Topic: Workplace 401K allocation
Replies: 38
Views: 1520

Re: Workplace 401K allocation

If you want some international equity exposure, then put everything in a target date fund. That's what I would do given the choices in your 401k plan. If you want a US-only portfolio, your choice of 70% S&P 500 / 30% total bond is fine. I'd avoid the sector funds. There's no harm supplementing the S...
by Lou354
Thu Apr 30, 2020 4:55 pm
Forum: Personal Investments
Topic: Ideas to invest 200K
Replies: 9
Views: 862

Re: Ideas to invest 200K

Please clarify. What do you mean by “steady returns.” If you don’t need to touch the money for 20+ years, why do you need steady returns? Can you tolerate losses (hopefully temporary) in the principal? Is this in a taxable or tax advantaged account?
by Lou354
Wed Apr 29, 2020 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Is it always smart to buy points (mortgage)?
Replies: 46
Views: 4540

Re: Is it always smart to buy points (mortgage)?

When we bought our first house we bought points. We fully expected to live in that house for forty years, and then one year later I took a job in a different state. So my answer to your question is no, it’s not always smart to buy points.
by Lou354
Wed Apr 22, 2020 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help me figure out if I should even offer a 401K plan
Replies: 10
Views: 762

Re: Help me figure out if I should even offer a 401K plan

If your plan permits (or is amended to permit) you to do in-service rollovers to an IRA, you could reduce the balance on which the 30 bp is charged.
by Lou354
Tue Apr 21, 2020 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan: Recontribute or redirect refunded educational expenses?
Replies: 2
Views: 179

Re: 529 plan: Recontribute or redirect refunded educational expenses?

Thanks Spirit Rider. I’m glad I waited until January to pay those expenses.
by Lou354
Tue Apr 21, 2020 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan: Recontribute or redirect refunded educational expenses?
Replies: 2
Views: 179

529 plan: Recontribute or redirect refunded educational expenses?

Earlier this year I took a distribution from my 529 college savings plan to pay for my child’s qualified educational expenses for the spring 2020 semester. The college made a partial refund of room and board because of Covid-19. I know I can recontribute the refunded amount to my 529 plan. Do I have...
by Lou354
Sun Apr 05, 2020 10:59 pm
Forum: Investing - Theory, News & General
Topic: I Bonds are a screaming buy - Tipswatch
Replies: 138
Views: 22577

Re: I Bonds are a screaming buy - Tipswatch

boglewill34 wrote:
Wed Mar 11, 2020 11:33 am
Phineas J. Whoopee wrote:
Tue Mar 10, 2020 6:20 pm
Watty wrote:
Tue Mar 10, 2020 5:27 pm
Agreed, one other thing people need to be aware of is that savings bonds are one of the few investments that do not go to your estate at a stepped up cost basis.
Also agreed.

PJW
To clarify, this is a negative aspect, correct?
Correct.
by Lou354
Sun Apr 05, 2020 7:55 pm
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 16687

Re: What percentage of your paycheck do you invest?

About 25%, now that mortgage is paid off.
by Lou354
Thu Mar 26, 2020 7:51 am
Forum: Personal Investments
Topic: Do ppl who rebalance annually do anything different in this type of market?
Replies: 20
Views: 1178

Re: Do ppl who rebalance annually do anything different in this type of market?

I normally rebalance once yearly, in January, which I did. Now I’m thinking of rebalancing a second time in 2020 when the number of new covid-19 cases plateaus, assuming my AA is still way off at that time. In the meantime all new contributions to my 401k are in equities. This has revealed a gap in ...
by Lou354
Sun Mar 22, 2020 8:27 am
Forum: Personal Investments
Topic: Creating Domestic Stock funds from other funds
Replies: 4
Views: 173

Re: Creating Domestic Stock funds from other funds

They’re different share classes of the same fund. VINIX is the institutional share class, which has a lower expense ratio.
by Lou354
Thu Mar 19, 2020 6:41 pm
Forum: Personal Investments
Topic: Creating Domestic Stock funds from other funds
Replies: 4
Views: 173

Re: Creating Domestic Stock funds from other funds

If you use the listed Vanguard funds the percentages to get the equivalent of the Total US stock market would be 81%, 4%, 15%.

https://www.bogleheads.org/wiki/Approxi ... ock_market
by Lou354
Thu Mar 12, 2020 2:32 pm
Forum: Personal Investments
Topic: I-Bond Limits - Dual Registration
Replies: 1
Views: 114

Re: I-Bond Limits - Dual Registration

The latter.
by Lou354
Mon Feb 10, 2020 3:39 pm
Forum: Investing - Theory, News & General
Topic: 15 years from retirement. What AA?
Replies: 22
Views: 1547

Re: 15 years from retirement. What AA?

If you and wife can contribute to tax-advantaged accounts like a 401k or IRA, you may be better off starting to do that now rather than four years from now even if it takes a little longer to fully pay off your debt.( Edited to add that the preceding sentence may not be relevant in view of OP's upda...
by Lou354
Sun Feb 02, 2020 11:46 am
Forum: Personal Investments
Topic: Help me not make a costly mistake
Replies: 16
Views: 2096

Re: Help me not make a costly mistake

Even though the Ameriprise FA had you move your TSP account into a Lifecycle fund as a temporary stop on the way to his recommended list, you could just keep it right there and I think that would be an excellent option for you. I’m inclined to agree with your friend about the wrap fee eating into yo...
by Lou354
Thu Jan 30, 2020 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA to Roth IRA Conversion / Turbo Tax Question
Replies: 3
Views: 381

Re: TIRA to Roth IRA Conversion / Turbo Tax Question

Does your 2018 filing include two Forms 8606, one for each of you?
by Lou354
Sun Jan 26, 2020 10:05 am
Forum: Personal Finance (Not Investing)
Topic: IRA to 401k rollover decisions
Replies: 3
Views: 187

Re: IRA to 401k rollover decisions

Does your current 401k plan offer reasonable funds for international equities and for bonds? If yes, then I agree with your plan to consolidate in the current 401k plan.
by Lou354
Fri Jan 24, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Another Prenup Question............
Replies: 20
Views: 1589

Re: Another Prenup Question............

A different way to protect your children financially would be to buy a life insurance policy naming your children as primary beneficiaries.
by Lou354
Fri Jan 24, 2020 12:48 am
Forum: Personal Investments
Topic: Old 401k Rollover to New 401k vs. IRA
Replies: 8
Views: 430

Re: Old 401k Rollover to New 401k vs. IRA

1. Into her new 401k if she wants to continue doing backdoor Roth. 2. Yes. 3. ‘Pro rata rule’ refers to the tax consequences of doing a Roth conversion if you have both pre-tax money and after-tax money (e.g, nondeductible contributions) in tIRAs, regardless of whether they’re in separate IRA accoun...
by Lou354
Wed Jan 22, 2020 7:26 am
Forum: Personal Investments
Topic: Attempting to simplify. Converting vbtlx/vtabx to vwiux?
Replies: 8
Views: 810

Re: Attempting to simplify. Converting vbtlx/vtabx to vwiux?

I would make the tax exempt bond fund the only bond fund in your taxable account, because of tax efficiency. The target date funds in your IRAs include other types of bonds.
by Lou354
Wed Jan 15, 2020 10:07 am
Forum: Personal Investments
Topic: Is market timing even a thing with index funds?
Replies: 19
Views: 1743

Re: Is market timing even a thing with index funds?

If you had a working crystal ball that accurately predicts when to buy and when to sell, then yes it would be good for you to time the market using index funds. The problem is that it's very difficult if not impossible to reliably do that. Your friends are doing a form of market timing, applying it ...
by Lou354
Sun Jan 12, 2020 1:58 am
Forum: Non-US Investing
Topic: Does "No need for international" only apply to Americans?
Replies: 26
Views: 2171

Re: Does "No need for international" only apply to Americans?

A US investor who owns only US stocks avoids currency risk. An Australian investor who owns only US stocks doesn’t.

(Disclosure: I’m a US investor and I own both US and ex-US stocks, though I do overweight the US.)
by Lou354
Sat Jan 04, 2020 10:54 pm
Forum: Personal Investments
Topic: Feedback request: conversion from mirrored- to spread-account portfolio
Replies: 6
Views: 365

Re: Feedback request: conversion from mirrored- to spread-account portfolio

it could be a good idea to hold international equities in the taxable account so you can benefit from the foreign tax credit, which you won’t get in an IRA. The TTM yield of the total international stock index fund (VTIAX) I could use in the taxable account is 2.88% versus 1.7% for the total stock ...
by Lou354
Fri Jan 03, 2020 1:35 pm
Forum: Personal Investments
Topic: Do I need three bond funds?
Replies: 12
Views: 864

Re: Do I need three bond funds?

Whether or not you want to stick with the three funds you named is a matter of your risk tolerance and personal preference. The intermediate and short term funds are slightly less risky than the total bond market fund. By over-weighting the short term and intermediate term parts of the bond market,...
by Lou354
Fri Jan 03, 2020 8:18 am
Forum: Personal Investments
Topic: Feedback request: conversion from mirrored- to spread-account portfolio
Replies: 6
Views: 365

Re: Feedback request: conversion from mirrored- to spread-account portfolio

I agree with your plan to hold international equities in the 401k, because of the lower expense ratio. After that it could be a good idea to hold international equities in the taxable account so you can benefit from the foreign tax credit, which you won’t get in an IRA. Put the remainder of the inte...
by Lou354
Wed Dec 04, 2019 3:38 pm
Forum: Investing - Theory, News & General
Topic: Should I liquidate my individual stocks?
Replies: 37
Views: 2056

Re: Should I liquidate my individual stocks?

I think it makes sense to liquidate and reinvest. Not enough information has been provided to determine whether it makes tax sense to spread out the liquidation over several years.
by Lou354
Tue Dec 03, 2019 11:17 am
Forum: Personal Investments
Topic: investing in mid cap index
Replies: 8
Views: 582

Re: investing in mid cap index

Right but wouldn't the large cap index "buy" the stock at the higher price once it reaches large cap status? Yes, at the same price it was sold by the mid-cap fund. So you neither gain nor lose from that transaction. Just moving the stock from your right pocket to your left pocket. Note that in the...
by Lou354
Tue Dec 03, 2019 10:54 am
Forum: Personal Investments
Topic: investing in mid cap index
Replies: 8
Views: 582

Re: investing in mid cap index

When a company moves from mid-cap to large-cap you'll still own its stock in the large-cap fund. You wrote that you want to allocate more to small/mid-cap, not that you want to eliminate large-cap.
by Lou354
Sun Dec 01, 2019 11:37 am
Forum: Personal Investments
Topic: Ratio of US vs Munis
Replies: 4
Views: 289

Re: Ratio of US vs Munis

I don’t think there’s a rigorous, correct answer to the question you asked. I wouldn’t put more than 25% of my fixed income allocation in the bonds of a single state, or more than 33% in tax-free munis of all states taken together if I still had tax-advantaged space for other kinds of bonds.
by Lou354
Tue Nov 26, 2019 9:13 pm
Forum: Personal Investments
Topic: Can someone help me purchase my first mutual fund?
Replies: 118
Views: 7314

Re: Can someone help me purchase my first mutual fund?

Some 401k plans offer a Roth option, where you make contributions with after-tax money and the growth is tax-free. Does your 401k plan have a Roth option? For money that you decide to keep in a savings account, you can get around 2% interest in an online high yield savings account, which is a lot be...
by Lou354
Tue Nov 19, 2019 4:20 pm
Forum: Personal Investments
Topic: Now That I have Won
Replies: 24
Views: 6399

Re: Now That I have Won

I think I would automate the distribution of RMDs as much as possible.
by Lou354
Mon Nov 18, 2019 3:51 pm
Forum: Personal Investments
Topic: Investing $3500 in Vanguard
Replies: 7
Views: 761

Re: Investing $3500 in Vanguard

The $3000 minimum doesn't apply to the ETF equivalent, whose ticker is VTI.
by Lou354
Wed Nov 13, 2019 4:12 pm
Forum: Personal Consumer Issues
Topic: Productizing an idea
Replies: 28
Views: 1837

Re: Productizing an idea

File patent applications before describing or showing drawings of the gadgets to anyone.
by Lou354
Wed Nov 13, 2019 8:20 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 72
Views: 5668

Re: How to combine finances with your spouse? Recently married/early30s

If the student loan debt is his and money you both earn during the marriage is jointly owned, how will ‘he’ ever get funds that are ‘his’ with which to repay ‘you’? It seems inescapable that either the repayment will come from both of you, which would make the student loan debt both of yours. Or you...
by Lou354
Sun Nov 10, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 107
Views: 7854

Re: If you were forced to pick an alternative asset...

bgf wrote:
Sat Nov 09, 2019 10:28 pm
Carpenterant wrote:
Sat Nov 09, 2019 10:23 pm
I really think the illegal drug market offers everything within your parameters. It does expose you to some risk.
is there an award for post of the day?
If there is, I would think that suggestions of lawbreaking would be ineligible. :wink:
by Lou354
Sun Oct 27, 2019 8:19 pm
Forum: Personal Investments
Topic: Frontload IRA, then pay off loan or tackle both in parallel?
Replies: 10
Views: 667

Re: Frontload IRA, then pay off loan or tackle both in parallel?

Seems like six of one, half dozen of the other. I’m assuming you’ll at least make the minimum monthly payment on the student loan in any event.
by Lou354
Fri Oct 25, 2019 3:22 pm
Forum: Investing - Theory, News & General
Topic: Stock market index investing - problem of induction?
Replies: 41
Views: 4057

Re: Stock market index investing - problem of induction?

I can't provide a syllogism demonstrating you'll be rewarded by investing in the US stock market. That's a reason to diversify, e.g. internationally and bonds.

No disrespect to Mr Hume, I live my life on the assumption that the sun will rise tomorrow morning. How about you?
by Lou354
Wed Oct 23, 2019 7:04 am
Forum: Personal Investments
Topic: Another inexperienced investor, decent income
Replies: 28
Views: 3512

Re: Another inexperienced investor, decent income

There are socially conscious mutual funds and ETFs. You may have to do a little investigation to find one that lines up closely with your values. After that it shouldn’t take much of your free time at all.
by Lou354
Tue Oct 22, 2019 8:41 pm
Forum: Personal Investments
Topic: How are we doing? Where to go from here? Funds are too complicated
Replies: 22
Views: 2353

Re: How are we doing? Where to go from here? Funds are too complicated

You write, “Only debt is 529 payments. . . .” How is that a debt?

You could cut down on the number of funds in your SEP IRA without incurring capital gains tax. That would be a start.