Search found 157 matches

by brother7
Sun Jun 03, 2018 1:53 am
Forum: Personal Finance (Not Investing)
Topic: Tax software for 2018
Replies: 20
Views: 1865

Re: Tax software for 2018

If you use Excel, try the 2018 Federal Income Tax Planner.
by brother7
Wed May 30, 2018 5:35 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest
Replies: 31
Views: 1043

Re: IRA question

Thanks. So, just to ask again, in addition to my TSP/401k being fully funded along with my wife's Roth, can I separately open another IRA and dump another $5,500 into it? TRADITIONAL IRA Yes. As long as you have earned income, you can always contribute to a Traditional IRA. However, the DEDUCTIBILI...
by brother7
Sat May 19, 2018 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor
Replies: 14
Views: 1005

Re: New Investor

If your wife is a California teacher, she should look into the CalSTRS Pension2-Personal Wealth Plan. It's the best I've seen. Consider 529 plans for each of your children. Unfortunately, California does not give a state tax deduction for contributions which means you can shop the other states' plan...
by brother7
Sun May 06, 2018 1:21 am
Forum: Investing - Help with Personal Investments
Topic: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account
Replies: 52
Views: 5727

Re: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account

Using your incomes, max out all tax-advantaged accounts for both you and husband. That includes workplace 401k, 457 (if applicable), HSA, IRAs and 529 plan. If your 401k/457 allows after-tax contributions beyond the 18,500 annual limit, max that out too. Use any remaining income for living expenses ...
by brother7
Sun May 06, 2018 1:08 am
Forum: Investing - Help with Personal Investments
Topic: Book Recommendation Needed
Replies: 3
Views: 500

Re: Book Recommendation Needed

My top book recommendation nowadays is How a Second Grader Beats Wall Street by Allan Roth. The Second Grader Portfolio is: 60% Vanguard Total Stock Market Index Fund (VTSMX) 30% Vanguard Total International Stock Index Fund (VGTSX) 10% Vanguard Total Bond Market Index Fund (VBMFX) The Smartest Inve...
by brother7
Sat May 05, 2018 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Basic knowledge-inexperienced and overwhelmed
Replies: 43
Views: 3826

Re: Basic knowledge-inexperienced and overwhelmed

Sparkette wrote:
Sat May 05, 2018 12:50 am
I should also note that I earn too much to have a Roth IRA.
Do a "backdoor Roth IRA". Income limits of a direct Roth IRA contribution are circumvented. However, make sure that you don't have any money in any Traditional or Rollover IRAs.
by brother7
Tue May 01, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: Agressive factor Investing
Replies: 44
Views: 4930

Re: Agressive factor Investing

Do you have link(s) to the articles that persuaded you of the merits of factor investing? Diehard Bogleheads believe in owning the entire market-cap weighted market. But if one were to deviate from that, I prefer a factor-based tilt (versus an asset class or sector tilt). I have four comments: When ...
by brother7
Tue May 01, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Advice for problem firm holding my inherited funds
Replies: 21
Views: 1652

Re: Advice for problem firm holding my inherited funds

Link to the FINRA website: What to Expect When You Open a Brokerage Account

Off-topic but related: If the inherited account is an IRA, your account needs to be titled correctly to allow you to "stretch" the IRA distributions over your lifetime.
by brother7
Mon Apr 30, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: credit score questions
Replies: 13
Views: 802

Re: credit score questions

Your payments are sporadic so it's possible that you charged $1000 the day prior to your statement end date, the statement cut, then your $1000 payment posted the day after your statement end date, making your % utilization appear very high which will temporarily tank your credit score, at least til...
by brother7
Wed Apr 25, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help with directing new monies
Replies: 4
Views: 317

Re: Help with directing new monies

If you are maxing out Roth IRA contributions (currently, 5500/year each), you cannot contribute to a Traditional IRA. The contribution limit is 5500/year total for all IRAs combined. Generally, you want to direct as much money as possible into tax-deferred accounts. In your case, that means your IRA...
by brother7
Tue Apr 24, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Rollover to Roth IRA?
Replies: 8
Views: 759

Re: Pension Rollover to Roth IRA?

Spirit Rider wrote:
Tue Apr 24, 2018 7:35 pm
brother7 wrote:
Tue Apr 24, 2018 7:31 pm
"Pension" isn't the proper word. I believe you mean "employer-sponsored retirement plan" which is usually a 401k, 403b or 457.
You are making an assumption not in evidence. From the OP's description one should assume it really is a pension.
You do one thing wrong...
Sorry. :-(
by brother7
Tue Apr 24, 2018 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Rollover to Roth IRA?
Replies: 8
Views: 759

Re: Pension Rollover to Roth IRA?

"Pension" isn't the proper word. I believe you mean "employer-sponsored retirement plan" which is usually a 401k, 403b or 457. 95% of the time, a "rollover" from your former employer's retirement plan to a Rollover IRA (another name for a Traditional IRA funded with money from an employer-sponsored...
by brother7
Tue Apr 24, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Titling rollover IRA
Replies: 3
Views: 361

Re: Titling rollover IRA

My family members have rolled over employer retirement plans to Vanguard. All three times, the Vanguard account was titled Rollover IRA. I have also read that it is best practice to keep rollover IRAs and contributory IRAs separate but the reason wasn't related to asset protection. If you make contr...
by brother7
Tue Apr 24, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: A Challenge To The 3 Fund Portfolio...The 2 Fund Portfolio
Replies: 32
Views: 5950

Re: A Challenge To The 3 Fund Portfolio...The 2 Fund Portfolio

Can you post numbers so we can get an idea of the degree of over/underperformance?
by brother7
Mon Apr 23, 2018 9:42 am
Forum: Investing - Help with Personal Investments
Topic: 403b
Replies: 32
Views: 2732

Re: 403b

If you're still working as a teacher, what state and school district are you in? If you're in California, you may have access to the CalSTRS Pension2-Personal Wealth Plan which is the best 403b I've seen. If you're an active participant in the 403b, I'd do research on who the other plan providers ar...
by brother7
Thu Apr 19, 2018 12:54 am
Forum: Investing - Help with Personal Investments
Topic: EJ Escapee
Replies: 7
Views: 1051

Re: EJ Escapee

Avoid individual stocks. Keep it simple. For a young investor, 100% equities is entirely fine. Diversify worldwide. Keeping 1-4 in mind, I recommend the following two-fund portfolio: 70% Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) 30% Vanguard Total International Stock Index Fund ...
by brother7
Thu Apr 19, 2018 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Once retired, tools to determine available spend?
Replies: 18
Views: 2412

Re: Once retired, tools to determine available spend?

I plan to use the Variable CAPE spending plan. It's one of the options in cFIREsim and has been researched in depth in ERN's Safe Withdrawal Rate series.
by brother7
Wed Apr 18, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Investment question...
Replies: 10
Views: 832

Re: Investment question...

Intuitively and without doing the math, I'm inclined to take the 200k lump sum, invest aggressively and withdraw conservatively.
Starting payments 7 years in the future and non-COLA helped sway my decision towards lump-sum.
by brother7
Tue Apr 17, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Easiest way for minor child to file taxes
Replies: 16
Views: 1264

Re: Easiest way for minor child to file taxes

The best free way to file taxes for low income earners is the Freedom Edition of Turbotax. In my opinion, Turbotax is the industry leader in tax prep software. I trust it more than the other tax prep software makers.
https://turbotax.intuit.com/taxfreedom
by brother7
Sun Apr 15, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Best Solo 401k option?
Replies: 22
Views: 2008

Re: Best Solo 401k option?

Someone already did the research on Solo 401k plans. ( click here ) As much as it pains me to say it, Etrade sounds like the winner in terms of flexibility. Roth option? Yes! Loan option? Yes! Rollover option? Yes! Sifting through their no-load no-transaction fee (NTF) funds, I was surprised to disc...
by brother7
Sun Apr 15, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Estimated Tax Planning
Replies: 9
Views: 1092

Re: 2018 Estimated Tax Planning

How are you using OLT.com to estimate 2018 taxes? I visited the website and everything I read refers to preparing 2017 returns. I don't see anything regarding planning for 2018.

If you use Microsoft Excel, try out the 2018 Federal Income Tax Planner spreadsheet. It's super-awesome!
by brother7
Sun Apr 15, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: 24 years old - Evaluate my finances
Replies: 11
Views: 1710

Re: 24 years old - Evaluate my finances

What is VGINT? Neither Vanguard nor Morningstar pulls up that symbol. Invest the cash in the Roth IRA and HSA. Idle cash is earning nothing right now. Stay 100% equities for a very long time. Time is on your side! In 401k, diversify worldwide. Something like this: 50% VANGUARD INSTL 500 INDEX TRUST ...
by brother7
Sat Apr 14, 2018 5:02 am
Forum: Investing - Help with Personal Investments
Topic: Trying to understand my 401K
Replies: 11
Views: 1607

Re: Trying to understand my 401K

As an employee, you can contribute to the following: Pre-tax 401(k) Roth 401(k) Your employer can contribute to the following: Pre-tax 401(k) match Profit-sharing No matter which you contribute to, Pre-tax or Roth, your employer match is always Pre-tax. I tried to make that clear by calling it "Pre-...
by brother7
Thu Apr 12, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: 401K Help
Replies: 4
Views: 472

Re: 401K Help

I agree with ruralavalon's recommendation.
My only additional suggestion is to see if you have an Emerging Markets index fund. If so, take 5% from Developed Markets and put into that. Otherwise, ruralavalon's portfolio will serve you well.
by brother7
Thu Apr 12, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Picture duplicates on hard drive
Replies: 8
Views: 869

Re: Picture duplicates on hard drive

I don't have any advice re: tracking down duplicates. BUT for cataloging and easy editing, Lightroom is great! If you decide to use Lightroom, before jumping right in, invest some time with tutorials. I like Laura Shoe's training videos (paid) because she extensively covers the organizing features o...
by brother7
Mon Feb 26, 2018 7:41 am
Forum: Investing - Help with Personal Investments
Topic: 66 yr old Woman Needs HELP!
Replies: 68
Views: 4374

Re: 66 yr old Woman Needs HELP!

My Analysis Income 700k in taxable account. At 3% withdrawal rate = 21,000/year Social Security at 900/month = 11,000/year Total = 32,000/year Taxes Using the Taxcaster calculator , your estimated 2018 tax liability is 818. (Most likely it will be less because I assumed all investment gain was shor...
by brother7
Mon Feb 26, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: How should 401K non-deductible / non-Roth contributions be reported on W-2?
Replies: 3
Views: 339

Re: How should 401K non-deductible / non-Roth contributions be reported on W-2?

You are correct. Here's a link to Instructions for Forms W-2 and W-3 . Specifically, look at the instructions for Box 12 and Box 14. Box 12 The following are not elective deferrals and may be reported in box 14, but not in box 12. After-tax contributions that are not designated Roth contributions, s...
by brother7
Mon Feb 26, 2018 6:51 am
Forum: Investing - Help with Personal Investments
Topic: 66 yr old Woman Needs HELP!
Replies: 68
Views: 4374

Re: 66 yr old Woman Needs HELP!

As I understand it, you're currently not employed, collecting ~900/month is Social Security. You have 700k in a taxable account at Vanguard and ZERO in any type of tax-advantaged accounts (401k, IRA). The 700k is invested in Vanguard's money market fund and you are looking to invest this money. So n...
by brother7
Sat Feb 24, 2018 2:05 am
Forum: Investing - Help with Personal Investments
Topic: E-Trade and NOSIX vs Vanguard and VFINX
Replies: 15
Views: 2079

Re: E-Trade and NOSIX vs Vanguard and VFINX

I researched funds for a friend who already has an Etrade account. I used the Mutual Fund Screener criteria: "No Load No Transaction Fee Funds" + the word "index" which yielded 65 results. Sorting by ER, here are the lowest equity funds, all under 0.10%: SCHWAB® S&P 500 INDEX (SWPPX) SCHWAB TOTAL ST...
by brother7
Fri Feb 23, 2018 3:32 am
Forum: Investing - Theory, News & General
Topic: Removed
Replies: 6
Views: 804

Re: Best book/study course for Series 65 Exam?

My degree is engineering too and this sounds like a cool way to re-engineer myself. I'll be following this thread. :D
by brother7
Thu Feb 22, 2018 12:26 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard: exchange or buy/sell?
Replies: 8
Views: 793

Re: Vanguard: exchange or buy/sell?

livesoft wrote:
Thu Feb 22, 2018 12:08 am
Why don't you try it online right now? You can always Cancel before you Confirm.
Because I haven't yet reached the combined balance in Fund A + Fund B + Cash necessary to exchange for Fund C yet. I anticipate doing this next month.
by brother7
Thu Feb 22, 2018 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard: exchange or buy/sell?
Replies: 8
Views: 793

Re: Vanguard: exchange or buy/sell?

Thanks for the reply mhalley and livesoft. I edited the original post to indicate that Fund C has no investor shares, so the initial purchase has to be 10,000 minimum.
by brother7
Wed Feb 21, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard: exchange or buy/sell?
Replies: 8
Views: 793

Vanguard: exchange or buy/sell?

Current Portfolio Fund A: 3000 (investor shares) Fund B: 3000 (investor shares) Cash: 4000 Desired Portfolio Fund C: 10000 (admiral shares only, no investor shares) Questions: Is there a way to exchange Fund A + Fund B + Cash for Fund C using online methods only? Is there a way to exchange Fund A +...
by brother7
Wed Feb 21, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Tiny Windfall But Big Help
Replies: 11
Views: 1678

Re: Tiny Windfall But Big Help

Mathematically not the best option but I would knock out the car loan. To be young and debt-free is AWESOME. Since you're young, it's worth repeating... Debt is EVIL! Especially consumer debt like credit card, auto loan and personal loan interest which is not tax-deductible. Avoid it like the plague!
by brother7
Tue Feb 20, 2018 4:09 am
Forum: Investing - Help with Personal Investments
Topic: Creating My Index Portfolio
Replies: 21
Views: 2111

Re: Creating My Index Portfolio

Check out Paul Merriman's Fidelity recommendations. Note, it's a mixed portfolio of mutual funds and ETFs so it requires a little more work to implement, ie placing a limit or market order for the ETFs.
by brother7
Fri Feb 16, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Share your favorite excel speadsheet
Replies: 7
Views: 1729

Re: Share your favorite excel speadsheet

When I used to invest in peer-to-peer lending (Lending Club, Prosper), one of the recurring questions was how to calculate the rate of return. The answer: XIRR Definition: "The Microsoft Excel XIRR function returns the internal rate of return for a series of cash flows that may not be periodic." Sin...
by brother7
Fri Feb 16, 2018 4:29 am
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 68
Views: 10356

Re: How many of you use the "4% rule" during retirement?

I plan on using a CAPE-based SWR as advocated by Early Retirement Now.
On 2/1/2018, CAPE = 34.08. The CAPE-based SWR is 2.47, 2.97 or 3.47, depending on how conservative you want to be.
by brother7
Fri Feb 16, 2018 4:16 am
Forum: Investing - Help with Personal Investments
Topic: Best choice of 403b companies and plans- need advice
Replies: 15
Views: 1535

Re: Best choice of 403b companies and plans- need advice

One thing I would investigate further for each of the companies named is whether or not your 403b is wrapped inside an annuity product. 403b plan providers are notorious for this and seeing the names of insurance companies makes me suspicious. I have direct experience that VALIC engages in this prac...
by brother7
Wed Feb 14, 2018 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: best vanguard ROTH IRA funds to invest in
Replies: 5
Views: 4119

Re: best vanguard ROTH IRA funds to invest in

Your expense ratios: USAA USAA Cornerstone Moderately Aggressive Fund USCRX 1.10% USAA World Growth USAWX 1.13% USAA Cornerstone Equity UCEQX 0.94% USAA NASDAQ-100 Index USNQX 0.54% Edward Jones American Funds American Balanced A ABALX 0.60% 5.75% load American Funds Growth Fund of Amer F1 GFAFX 0.7...
by brother7
Wed Feb 14, 2018 2:18 am
Forum: Investing - Help with Personal Investments
Topic: UC 403b vs 457b and which funds?
Replies: 13
Views: 1898

Re: UC 403b vs 457b and which funds?

For the equity portion:

25% UC Domestic Equity Index Fund
25% UC Domestic Small Cap Equity Fund
35% Developed Markets UC International Equity Index Fund
15% UC Emerging Markets Equity Fund
by brother7
Wed Feb 14, 2018 2:09 am
Forum: Personal Finance (Not Investing)
Topic: Helping Mom with Taxes
Replies: 49
Views: 3166

Re: Helping Mom with Taxes

Pension distribution is reported on Form 1099-R. IRA distribution is also reported on Form 1099-R. Annuity payments are also reported on Form 1099-R. (I googled to figure this out) Social Security is reported on Form 1099-SSA Trust distribution reported on Schedule K-1 (Had to google that too) If he...
by brother7
Wed Feb 07, 2018 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: moving RMDs to taxable
Replies: 9
Views: 1289

Re: moving RMDs to taxable

Katietsu wrote:
Wed Feb 07, 2018 11:15 pm
No. You can not do an in kind transfer with an RMD. But there is no problem with “selling low” when you are also buying low. Think of it as more of an exchange.
Incorrect. Vanguard allows in-kind distributions. Here's the form to do it.
by brother7
Wed Feb 07, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on a good index fund
Replies: 14
Views: 1520

Re: Need advice on a good index fund

I do have some concerns what I will be taxed plus what the fund's expenses will be. If you buy-and-hold, you will only incur tax on capital gains distribution. Currently, S&P 500 pays around 2% dividend. $5000 x 2% = $100. That's your estimated annual capital gains distribution that's subject to ta...
by brother7
Wed Feb 07, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on a good index fund
Replies: 14
Views: 1520

Re: Need advice on a good index fund

If you're starting with $5,000, go forward with Fidelity® 500 Index Fund - Investor Class (FUSEX). As you add money and your investment in FUSEX passes $10,000, exchange for Fidelity® 500 Index Fund - Premium Class (FUSVX) which has an ER of 0.035%. At 0.09%, your $5000 investment in FUSEX will incu...
by brother7
Wed Feb 07, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Which 529 for CA resident? Utah vs NY vs MA vs NV?
Replies: 17
Views: 2422

Re: Which 529 for CA resident? Utah vs NY vs MA vs NV?

Spirit Rider wrote:
Wed Feb 07, 2018 12:46 pm
mega317 wrote:
Wed Feb 07, 2018 12:21 pm
Spirit Rider wrote:
Wed Feb 07, 2018 12:05 pm
notwithstanding your sensationally incorrect statement
Honest question, which statement? You agreed with both comments you quoted except the word "big".
You mean other than capitalizing the letters and totally mischaracterizing the content of the linked article.
Sorry for the caps.
by brother7
Wed Feb 07, 2018 4:37 am
Forum: Investing - Help with Personal Investments
Topic: Which 529 for CA resident? Utah vs NY vs MA vs NV?
Replies: 17
Views: 2422

Re: Which 529 for CA resident? Utah vs NY vs MA vs NV?

I also like UTMAs. You have to be aware that the money belongs to the child and is fully theirs at a certain age, as early as 18, based on your state. And they do have a degree of tax benefits. A certain amount of unearned income will not be taxed. I am not clear on how this has changed under the n...
by brother7
Wed Feb 07, 2018 4:23 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance, Schwab, Vanguard, Confusion.
Replies: 10
Views: 1326

Re: Inheritance, Schwab, Vanguard, Confusion.

Approximately what is the total value of each account, Schwab and Vanguard separately? Also, I repeat TwstdSista's question... it this a taxable account or an inherited IRA? If this is a taxable account, you want to be sure to keep track of the basis, as you benefit from the stepped-up basis of inhe...
by brother7
Wed Feb 07, 2018 4:18 am
Forum: Investing - Help with Personal Investments
Topic: Which 529 for CA resident? Utah vs NY vs MA vs NV?
Replies: 17
Views: 2422

Re: Which 529 for CA resident? Utah vs NY vs MA vs NV?

Keep in mind how 529s may affect a child's FAFSA application. Parental assets will reduce a student's aid package by a maximum of 5.64% of the asset's value (ie, 529 plan opened by parent) Student-owned assets will reduce the aid package by 20% of its value (ie, custodial account under UGMA/UTMA) As...