Search found 164 matches

by Lazareth
Tue Apr 07, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with creative solution to company booting me out of 401K
Replies: 47
Views: 2919

Re: Need help with creative solution to company booting me out of 401K

Many of us will have multiple employer plans during our careers. Kicked out or not, I preferred to roll each such plan into my self-managed Schwab three-fund IRA. It's grown very nicely and has an asset allocation that I control and let's me sleep at night.
by Lazareth
Wed Mar 25, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with sale of taxable account assets?
Replies: 90
Views: 5454

Re: Pay off mortgage with sale of taxable account assets?

Last summer (July 2019) as we approach retirement, I paid off our mortgage using taxable saving in proportion to our 60/40 index-funds asset allocation. We paid off the $152K balance on our 30-year 3.75% It was a refinance that we originated in 2012. One way to view it, for me, is that we bought a h...
by Lazareth
Tue Mar 24, 2020 11:26 am
Forum: Personal Investments
Topic: How do you keep of track of capitol loss carryover ??
Replies: 22
Views: 1630

Re: How do you keep of track of capitol loss carryover ??

Yes Turbo Tax Deluxe takes care of that for me. I'm still carrying forward losses from my emerging market funds in 2009.
by Lazareth
Sat Mar 21, 2020 7:48 pm
Forum: Investing - Theory, News & General
Topic: Good reminder for the need to have Emergency Fund
Replies: 12
Views: 1941

Re: Good reminder for the need to have Emergency Fund

Agreed! Very little discussion of this subject in the current public narrative... saving for the proverbial rainy day. I am pointing out to my young adult children, this is why you live on two-thirds of your income and save the rest... it's not just about retirement in 30 or 40 years.
by Lazareth
Thu Mar 19, 2020 9:09 am
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 7955

Re: Who is continuing to buy as planned?

I'm not changing. This shall pass. If I didn't think so, I would have had all my money firewood and ammo.
by Lazareth
Wed Mar 18, 2020 1:23 pm
Forum: Personal Investments
Topic: Rebalancing Today - Saw Bonds are being sold off - Should I wait?
Replies: 48
Views: 3052

Re: Rebalancing Today - Saw Bonds are being sold off - Should I wait?

I've learned a lot from this forum over the years. I even converted our life-savings to a Boglehead 3-fund portfolio. But I honestly never heard of one-way-rebalancing until this month. I didn't know it was a thing. I read in recent posts that one-way-rebalancing has been discussed here in the past,...
by Lazareth
Sun Mar 15, 2020 4:13 pm
Forum: Personal Investments
Topic: When are you rebalancing?
Replies: 76
Views: 4492

Re: When are you rebalancing?

I use 5% bands. Off greater than 5%. Rebalanced Thursday, but it didn't happen until Friday night when the portfolio was probably back within band. Sometimes, only an eye-rolling emogi will do.... Me too. I placed a rebalancing trade on Friday, to sell bond mutual fund and buy stock fund, then the ...
by Lazareth
Fri Mar 13, 2020 9:04 pm
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 25365

Re: Who is staying course and how are you dealing with net worth going down?

In 2008 my 1% AUM manager kept me out of big trouble. Today I'm a Boglehead with a DIY Schwab three-fund portfolio and a retirement-appropriate AA. Feeling much better this time, and today I did a some, but not a full, re-balancing from bonds to stocks.
by Lazareth
Thu Mar 12, 2020 10:21 am
Forum: Personal Investments
Topic: Charles schwab index funds?
Replies: 17
Views: 1565

Re: Charles schwab index funds?

Schwab customer for 30 years for IRA's, Roth's, brokerage, and checking. Very happy with the mobile app, schwab.com, and telephone experience. I have a 3-fund portfolio across my savings and retirement accounts using very low expense, no transaction fee, Schwab brand market index mutual funds: SWTS...
by Lazareth
Wed Mar 11, 2020 12:58 pm
Forum: Personal Investments
Topic: Charles schwab index funds?
Replies: 17
Views: 1565

Re: Charles schwab index funds?

Looking at different places to open my roth IRA in, I'm thinking schwab as I like using apps on my phone to be able to access my funds. What funds would you guys suggest I purchase? I was thinking of the S&P 500 index fund but wanted some other opinions. Schwab customer for 30 years for IRA's, Roth...
by Lazareth
Wed Mar 04, 2020 9:15 pm
Forum: Personal Investments
Topic: Partial Roth conversion
Replies: 11
Views: 694

Re: Partial Roth conversion

Yup, better when the market is down (assuming you are purchasing the same funds on the Roth side as you sold on the tIRA side). You don’t even have to sell and re-purchase in Roth if you transfer shares in-kind. However, at Vanguard, that can only be done by mailing in a form. For Schwab customers,...
by Lazareth
Sun Mar 01, 2020 7:55 pm
Forum: Personal Investments
Topic: Study CFA just for personal investment and portfolio management knowledge
Replies: 55
Views: 4145

Re: Study CFA just for personal investment and portfolio management knowledge

To have a systematic understanding of personal investment, is studying for CFA useful or effective? Short answer, no. To me, the Boglehead philosophy says that the current price of the market represents the collective brainpower of the entire market including the best and the brightest. You are unl...
by Lazareth
Sun Mar 01, 2020 2:16 pm
Forum: Personal Investments
Topic: Study CFA just for personal investment and portfolio management knowledge
Replies: 55
Views: 4145

Re: Study CFA just for personal investment and portfolio management knowledge

To have a systematic understanding of personal investment, is studying for CFA useful or effective? Short answer, no. To me, the Boglehead philosophy says that the current price of the market represents the collective brainpower of the entire market including the best and the brightest. You are unl...
by Lazareth
Sat Feb 29, 2020 8:29 pm
Forum: Personal Investments
Topic: Roth conversion timing opportunity.
Replies: 2
Views: 293

Re: Roth conversion timing opportunity.

anon_investor wrote:
Sat Feb 29, 2020 5:21 pm
Wait, what? How does that work? This sounds almost too good to be true, the opportunity to predict the future! Is this available for all Schwab IRAs?
No it's just a one-day window to transfer shares that you already own, from your t-IRA to your Roth, at yesterday's closing price.
by Lazareth
Sat Feb 29, 2020 5:19 pm
Forum: Personal Investments
Topic: Roth conversion timing opportunity.
Replies: 2
Views: 293

Roth conversion timing opportunity.

I'm planning to do further Roth conversions in 2020 and I may look for a timing opportunity on Monday. At Schwab I can choose to “journal” existing index mutual fund shares from my traditional IRA to my Roth, and the converted shares get entered at the last closing price, not the end-of-day price as...
by Lazareth
Thu Feb 20, 2020 12:08 pm
Forum: Personal Investments
Topic: EFTPS vs IRS DirectPay for making conversion tax payments?
Replies: 8
Views: 577

EFTPS vs IRS DirectPay for making conversion tax payments?

I’m age 65, retired, and plan to continue making Roth conversions over the next few years. I’ve been using EFTPS – Electronic Federal Tax Payment Service (eftps.gov) to make my corresponding tax payments, but I’ve noticed references here to Bogleheads using IRS Direct Pay (directpay.irs.gov/). Is th...
by Lazareth
Sun Feb 09, 2020 7:07 pm
Forum: Personal Investments
Topic: 60/40 Doesn't Cut it Anymore?
Replies: 84
Views: 12164

Re: 60/40 Doesn't Cut it Anymore?

How much downside risk are you willing to experience? How long will it take to recover? https://i.postimg.cc/x1WbdpHj/98-CB5-D7-A-FC21-42-FD-8-DC1-FD0-A1-ECBB1-A0.png I'm missing something. This implies being 100% bonds is better on the upside then a 50/50 AA, with the best limited downside. Yes, i...
by Lazareth
Sun Feb 09, 2020 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Schwab as trustee. Your thoughts?
Replies: 12
Views: 1737

Re: Schwab as trustee. Your thoughts?

... The trust will be basically set up to run for perpetuity, with a set 4% of the January 1st balance to be distributed to first some beneficiaries and then after they pass, four charities that I have currently chosen. Somewhere down the road, the plan will probably fail, forever is a longtime but...
by Lazareth
Fri Feb 07, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as trustee. Your thoughts?
Replies: 12
Views: 1737

Re: Schwab as trustee. Your thoughts?

You have to decide whether you want the level of service of a conventional bank or trust company or the lower cost of Schwab or Vanguard. Thank you, and thank you for your many helpful contributions elsewhere in the forum. The benefit and protection of my surviving spouse and heirs is my top priori...
by Lazareth
Thu Feb 06, 2020 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as trustee. Your thoughts?
Replies: 12
Views: 1737

Re: Schwab as trustee. Your thoughts?

We have a Trust set up with CS. I've been a customer of CS since 1993 and have always been happy with their services. Besides our Trust account, we also have 4 IRA accounts, and a debit card set up with them. In addition, my wife often has foreign funds coming in and once we found out the "how to d...
by Lazareth
Wed Feb 05, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as trustee. Your thoughts?
Replies: 12
Views: 1737

Schwab as trustee. Your thoughts?

I am seeking testimonials or warnings from my fellow Bogleheads on Schwab trust services. My initial effort to explore Schwab Personal Trust Services failed miserably today. I may have just caught them on a bad day… I am a 30-year satisfied Schwab brokerage customer. Very happy with our “low seven f...
by Lazareth
Sat Jan 18, 2020 8:18 pm
Forum: Personal Investments
Topic: Clean slate - with which brokerage would you place $1M+ in index funds?
Replies: 32
Views: 2963

Re: Clean slate - with which brokerage would you place $1M+ in index funds?

I'm quite pleased with Schwab for our taxable and retirement accounts. Use Schwab index mutual funds for my Three Fund Portfolio. Very low cost everything. Excellent phone (live person) and online-text-chat customer service.
by Lazareth
Sat Jan 11, 2020 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 923
Views: 95511

Re: Why are you NOT buying rental properties?

Conversely, when I sold the property three years later, my simple touches like the flowers and a new mailbox, sparkling new door hardware and Home Depot light fixtures, sanded or newly-carpeted floors and fresh paint allowed me to sell at a significant premium to similar homes on the street. Congra...
by Lazareth
Fri Jan 10, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 923
Views: 95511

Re: Why are you NOT buying rental properties?

The inefficiencies in the residential real estate market are remarkable, and present a phenomenal opportunity for those willing to DIY or hire-out to perform simple cosmetic improvements. Exactly. This is why RE can be very profitable but there are people out there who don’t want to look at houses ...
by Lazareth
Fri Jan 10, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 923
Views: 95511

Re: Why are you NOT buying rental properties?

The inefficiencies in the residential real estate market are remarkable, and present a phenomenal opportunity for those willing to DIY or hire-out to perform simple cosmetic improvements. At age 26 I had saved up a minimum down payment on an older two-family home. I moved into the downstairs half an...
by Lazareth
Wed Jan 01, 2020 7:53 pm
Forum: Investing - Theory, News & General
Topic: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)
Replies: 204
Views: 39899

Re: A Simple Bogleheads Retirement Using Variable Percentage Withdrawals (VPW Forward Test)

Thank you for creating and sharing this excellent tool. Two questions: 1. The VPW-Accumulation-And-Retirement-Worksheet produces an "Annual Portfolio Withdrawal" amount highlighted in a green cell, B14, and instructs the user to withdraw that amount. However it also produces an "Initial Portfolio Wi...
by Lazareth
Wed Jan 01, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab losing their edge?
Replies: 14
Views: 2016

Charles Schwab losing their edge?

Decades-long Schwab fan here... for our brokerage, IRA's, checking/debit/VISA... but I'm getting leery now given the upcoming mega Ameritrade integration. These past few weeks have seen some alarming Schwab.com snafu's including incorrect daily account valuations, confusing or missing dividend distr...
by Lazareth
Tue Dec 31, 2019 10:24 pm
Forum: Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 126
Views: 28468

Re: Who uses the 3 fund portfolio ?

I use a 3 fund portfolio. Not too simple, not too complex, and relatively easy to maintain among my 401k, IRAs, and taxable accounts. Seriously looking at the 3 fund method. So, assuming you used the same 3 investment funds, you had to set up 3 funds in your 401k account, then 3 funds for your IRA ...
by Lazareth
Mon Dec 30, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Help me get my young-adult daughter to save.
Replies: 30
Views: 2396

Help me get my young-adult daughter to save.

My parents did not run my young life but thankfully I enjoyed saving more than borrowing and have enjoyed a life free of significant financial stress. Now, I don’t want to run my 22 year-old DD's life either, BUT I do want to incentivize her to open and contribute to a Roth. I’ve not given up on lea...
by Lazareth
Sat Dec 21, 2019 1:30 pm
Forum: Personal Investments
Topic: Drop in fund values on dividend day.
Replies: 12
Views: 1131

Re: Drop in fund values on dividend day.

You mean Schwab should have the explanation. I have seen other places put the explanation right on the login page, but I also know that people don't look at this stuff anyways. Correct, Schwab should provide explanation. I have submitted a recommendation to Schwab. I am otherwise a big Schwab.com f...
by Lazareth
Sat Dec 21, 2019 12:39 pm
Forum: Personal Investments
Topic: Drop in fund values on dividend day.
Replies: 12
Views: 1131

Drop in fund values on dividend day.

So Friday evening (edited) I log on my Schwab.com account to confirm that my weekly wages got deposited, and I see a major drop in my total account value, even though the markets were up today. "OMG....we've been hacked!" Then, oh wait, must be mutual fund dividends got declared or what ever they ca...
by Lazareth
Sat Dec 21, 2019 9:02 am
Forum: Personal Investments
Topic: Considering lump sum Roth IRAs on Jan 2
Replies: 14
Views: 1115

Re: Considering lump sum Roth IRAs on Jan 2

We'll dump in $14,000 using the catch-up, on Jan 2. My wife, "...you're actually looking forward to January 2nd, like we're going on vacation or something." :P
by Lazareth
Thu Dec 19, 2019 12:46 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 258
Views: 39115

Re: The One-Fund Portfolio as a default suggestion

It took me a lot of humility to go ahead and take the leap to an all-in-one ETF, paying the taxes* and letting go of my carefully designed portfolio. I suggest planning on starting the transition now, but incrementally over a period of a few years to spread the tax impact. You have inspired me to d...
by Lazareth
Tue Dec 17, 2019 11:02 am
Forum: Personal Investments
Topic: Quickest way to pay off catastrophic credit card debt?
Replies: 43
Views: 2939

Re: Quickest way to pay off catastrophic credit card debt?

Is it off-topic to suggest credit card debt negotiation? I know of an instance where American Express lopped off about 40% of a $40K balance in exchange for a lump sum payment. The 'forgiven' amount gets reported as 1099 income. It just takes a few calls to the collection dept. I recall the account ...
by Lazareth
Mon Dec 16, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Fell asleep at the wheel - Predicting a 2019 tax underpayment penalty
Replies: 31
Views: 4068

Re: Fell asleep at the wheel - Predicting a 2019 tax underpayment penalty

dmcmahon wrote:
Sun Dec 15, 2019 4:27 pm
Can’t you just make a payment via EFTPS?
+1 Electronic Federal Tax Payment System® tax payment service at www.EFTPS.gov
by Lazareth
Mon Dec 16, 2019 8:25 pm
Forum: Personal Investments
Topic: Roth IRA Conversion Dec. 2019 - quick question at Schwab
Replies: 18
Views: 1070

Re: Roth IRA Conversion Dec. 2019 - quick question at Schwab

The entire conversion can be done online with Schwab, even after trading hours. You will be given the option of withholding taxes. Don't do this, since the amount withheld is not converted and is considered a distribution subject to 10% penalty if you aren't at least 59.5. Account for the taxes wit...
by Lazareth
Sat Dec 14, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: What counts as room & board for college student?
Replies: 29
Views: 2628

Re: What counts as room & board for college student?

I am also seeking clarification on what living expenses can be included in "qualified expenses" to avoid 529 withdrawal penalty. Our dependent daughter is saving money by living here at home and commuting to local university. So, we won't spend all of what I put into a 529 account ten years ago. I w...
by Lazareth
Mon Dec 09, 2019 1:49 pm
Forum: Personal Consumer Issues
Topic: Thank You Taylor Larimore
Replies: 28
Views: 5403

Re: Thank You Taylor Larimore

I guess this is an appropriate place to say thank you to everyone involved with this site. Admins, Mods, Advisory Team, & all the members. The wealth within this site is remarkable. I too can say because of Taylor & many like him, I am financially healthier than I have ever been. And I thought I'd ...
by Lazareth
Mon Dec 09, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Saving up for car vs Investing and take out car loan
Replies: 26
Views: 1725

Re: Saving up for car vs Investing and take out car loan

If u need one though, buy an old accord or civic via private party, so many great cars for like $4k with 140k miles. So true. College graduating daughter wants "new car!" ... 7 year loan and instant financial pit! Here's what I found for her instead. We'll see. : https://westernmass.craigslist.org/...
by Lazareth
Sat Dec 07, 2019 2:52 pm
Forum: Personal Investments
Topic: 3 fund portfolio with tax advantaged accounts
Replies: 2
Views: 304

Re: 3 fund portfolio with tax advantaged accounts

I found this Boglehead wiki article helpful: Tax Efficient Fund Placement As I understand, to make your portfolio more tax efficient, hold your bond allocation in the Traditional IRA's or 401k (your tax-DEFERRED accounts). Hold 100% equities in your Roth IRA for highest expected growth tax-free, and...
by Lazareth
Wed Dec 04, 2019 9:20 pm
Forum: Personal Investments
Topic: Continue to fund Roth? Age 66 and ‘retired’ with a gig.
Replies: 10
Views: 1154

Re: Continue to fund Roth? Age 66 and ‘retired’ with a gig.

Yes, continuing to fund your Roth is a good idea. I have a little gig in retirement and still fund my Roth while also doing conversions. Do you enjoy driving the bus? Yes I enjoy it. If one enjoys driving and can get along with kids, it’s a great job… 4 to 6 hours each day. After a brief period of ...
by Lazareth
Tue Dec 03, 2019 7:25 pm
Forum: Personal Investments
Topic: Continue to fund Roth? Age 66 and ‘retired’ with a gig.
Replies: 10
Views: 1154

Re: Continue to fund Roth? Age 66 and ‘retired’ with a gig.

I am age 66 and also working part-time and contributing to both a Roth 403b and an IRA. I have been doing this for the past six years and intend to keep on doing it indefinitely. Go for it! Absolutely. You will never regret having more in Roth, it provides ultimate flexibility. Good to hear this. T...
by Lazareth
Tue Dec 03, 2019 5:06 pm
Forum: Personal Investments
Topic: Continue to fund Roth? Age 66 and ‘retired’ with a gig.
Replies: 10
Views: 1154

Continue to fund Roth? Age 66 and ‘retired’ with a gig.

Age 66 and retired from my consulting career. My wife a/63 plans to work at least two more years, so with her income, my SS income, and the $22K I now earn as a school bus driver, we won’t begin drawing down savings for a few more years. Our $1.2 mm savings is 95% in our two traditional IRA’s. In ad...
by Lazareth
Tue Nov 26, 2019 9:16 pm
Forum: Personal Investments
Topic: Which funds do YOU have in your taxable account?
Replies: 81
Views: 7375

Re: Which funds do YOU have in your taxable account?

Two funds in Taxable:
SWTSX -Schwab Total Stock Market Index Fund
SWISX - Schwab International (Stock) Index Fund
by Lazareth
Tue Nov 26, 2019 10:10 am
Forum: Investing - Theory, News & General
Topic: Schwab acquiring TD Ameritrade
Replies: 131
Views: 14113

Re: Schwab acquiring TD Ameritrade

After being with Schwab for 22 years, I cannot think of any reason why I would leave. As you say, everything about them is "top-notch." They have a new feature that was implemented in the past couple of months: When you go to "Accounts/Summary," you can have it show "Personal Value" (the total valu...
by Lazareth
Tue Nov 26, 2019 6:47 am
Forum: Investing - Theory, News & General
Topic: Schwab acquiring TD Ameritrade
Replies: 131
Views: 14113

Re: Schwab acquiring TD Ameritrade

Charles Schwab to move HQ to DFW from San Francisco after TD Ameritrade acquisition. https://www.bizjournals.com/dallas/news/2019/11/25/charles-schwab-dfw-td-ameritrade.html It doesn't hurt when there is no state income tax in Texas! For sure, many good reasons to leave San Francisco for the Dallas...
by Lazareth
Mon Nov 25, 2019 10:09 pm
Forum: Investing - Theory, News & General
Topic: Schwab acquiring TD Ameritrade
Replies: 131
Views: 14113

Re: Schwab acquiring TD Ameritrade

Charles Schwab to move HQ to DFW from San Francisco after TD Ameritrade acquisition.
https://www.bizjournals.com/dallas/news ... trade.html
by Lazareth
Sun Nov 24, 2019 8:43 pm
Forum: Investing - Theory, News & General
Topic: Schwab acquiring TD Ameritrade
Replies: 131
Views: 14113

Re: Schwab acquiring TD Ameritrade

... how does this affect customers of TD Ameritrade? For those who have gone through the acquisition of a brokerage firm as a customer, how has it affected you? Thirty years ago Schwab acquired the regional brokerage where I bought my first share of stock. Best thing that could have happened to me ...
by Lazareth
Sun Nov 24, 2019 8:22 pm
Forum: Investing - Theory, News & General
Topic: Optimal asset allocation strategies for retirement & saving
Replies: 45
Views: 8985

Re: Optimal asset allocation strategies for retirement & saving

I found this helpful for me, a more simplistic illustration on the impact of various asset allocation strategies.

Image