Search found 35 matches

by CAMD
Tue Oct 06, 2020 12:44 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

I appreciate the perspective. But frankly I enjoy working. Even if I didn’t need to work for financial reasons, I would keep doing it for the time being. I realize that I am very fortunate to feel that way. One of the tenets of financial independence is to choose what you want to do. And I am happy...
by CAMD
Mon Oct 05, 2020 2:57 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

Mortgage: much as I am opposed to debt, you should borrow to buy your house. The risk is negligible since you have a high earned income and you have ample assets to pay off the loan if you want. You are unlikely to get a lower after tax rate on the mortgage than your after tax return on bonds. Howe...
by CAMD
Mon Oct 05, 2020 2:56 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

I would only caution you to be careful about taxes with such a large taxable portfolio. Total stock and total international stock are not going to be very tax efficient for you. Depending on your goals, you could make some small tweaks there. 80/20 is fine. Just curious what you think would be more...
by CAMD
Sat Oct 03, 2020 10:45 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

Please do not misinterpret my comments here but I make them because I will have a very large estate, witch will be going to my daughter. I'm anxious about your comments that WE inherited an IRA from your spouse's parents. Shouldn't that go to her in an individual account and not put into a joint ac...
by CAMD
Sat Oct 03, 2020 10:43 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

If you are charitably inclined, you might want to set up a donor-advised fund in memory of the deceased. This would allow you to shelter the gains on those investments from taxes, and get an immediate tax deduction (although you might have to carry it over multiple years if it is too high a share o...
by CAMD
Sat Oct 03, 2020 10:41 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

I would only caution you to be careful about taxes with such a large taxable portfolio. Total stock and total international stock are not going to be very tax efficient for you. Depending on your goals, you could make some small tweaks there. 80/20 is fine. Just curious what you think would be more...
by CAMD
Sat Oct 03, 2020 12:30 am
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

A few notes/thoughts: 1) I would take the most expensive college and fund the 529s to the max of 4 years worth of that. So $300k/per maybe? With a net worth today of $12 million and likely more in 8-9 years, it's likely you're not getting any financial aid. 2) Have you considered a vacation home of...
by CAMD
Sat Oct 03, 2020 12:28 am
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

First advice - invest in your future by staying healthy. You can't enjoy your life if you aren't healthy. You may take your health for granted now, but when you finally stop working at 60 or 65 you want to be healthy enough to keep traveling, hiking, bicycling, or just working in your yard. Money w...
by CAMD
Fri Oct 02, 2020 11:06 am
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

4) I won't have enough tax deferred space to place all of our bond and REIT allocation and I'd like to keep our Roth accounts with equities to maximize growth and tax benefits down the line. Any suggestions for how to prioritize REIT and bond placement? If we do end up putting some of the bonds in ...
by CAMD
Fri Oct 02, 2020 12:31 am
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

One side thought: if you are planning to continue working, it’s worth thinking about what your financial goals should be after this large inheritance. It can feel kind of pointless to work once you’re financially independent. Is there a number beyond which it wouldn’t make sense to you to keep work...
by CAMD
Thu Oct 01, 2020 5:40 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

Given the size of the account, would it make sense to have the new purchases use the ETFs instead of Mutual Funds for tax drag purposes? Does ETF vs Mutual Fund really make a big difference when using index funds? Of note, I just got a call from Vanguard today letting me know that I can convert my ...
by CAMD
Thu Oct 01, 2020 5:38 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

You've done well on your own with the bogleheads way so far and I have no doubt that you will continue to do well. Yes it is just a matter of scaling up to bigger buckets/positions. While it can be tempting to do an individual muni bond portfolio on your own it would be much more costly and time-co...
by CAMD
Thu Oct 01, 2020 5:34 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Re: Large inheritance advice please!

Sorry for your loss. There is absolutely no reason why this inheritance can not be scaled into the greater portfolio using the three funds you highlighted or even one fund if that is what your Investment Policy Statement calls for. A reduction in risk is not out of the question either, you have the...
by CAMD
Thu Oct 01, 2020 3:07 pm
Forum: Personal Investments
Topic: Large inheritance advice please!
Replies: 48
Views: 8682

Large inheritance advice please!

Thanks for all the advice over the years- both from direct answers to specific questions I posted and for all the information here available for review. Really has made a tremendous difference in our financial planning. As a result of following this advice, we have been fortunate to end up with a ve...
by CAMD
Wed Dec 05, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard thinks I have a wash sale. Do I?
Replies: 42
Views: 7531

Re: Vanguard thinks I have a wash sale. Do I?

Uh, what? That defies my understanding of replacement shares. To clarify, do you now hold any FTSE? If so, when was your last recorded purchase of shares you now still hold? To what shares was the adjustment in price made 1) I currently own a single lot of FTSE that I purchased 12/27/16 2) I just r...
by CAMD
Mon Dec 03, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard thinks I have a wash sale. Do I?
Replies: 42
Views: 7531

Re: Vanguard thinks I have a wash sale. Do I?

I had a very similar situation with Vanguard. Brief summary: 1) Bought FTSE All-World ex-US Index on 10/8/18 for 31.28/share 2) Bought FTSE All-World ex-US Index on 10/11/18 for 30.11/share 3) Sold both lots on 10/24/18 for 29.11/share Vanguard says I have a wash sale. When I discussed with my Flags...
by CAMD
Thu Oct 25, 2018 12:29 pm
Forum: Personal Investments
Topic: Wash sale with TLH
Replies: 9
Views: 627

Re: Wash sale with TLH

Thanks. I don’t see any adjustment to the realized cost basis on the shares I sold, so I assume that Vanguard doesn’t link the separate accounts. Is there any value in selling my wife’s shares today? Or simply just adjust when I file taxes for 2018? Is there a reason to hold onto her shares or is it...
by CAMD
Thu Oct 25, 2018 10:21 am
Forum: Personal Investments
Topic: Wash sale with TLH
Replies: 9
Views: 627

Wash sale with TLH

I realized that I accidentally created a wash sale and want some input regarding what to do (if anything). Yesterday I sold several lots of Total Stock index (VTSAX) for a loss. Unbeknownst to me, my wife purchased VTSAX several weeks ago in her taxable account. My questions are: 1) I am assuming th...
by CAMD
Thu Dec 28, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- 529 plan question
Replies: 9
Views: 996

Re: New Tax Bill -- 529 plan question

A slightly different question but figure I would tag on to this thread as I am sure there will be many questions that arise due to the new tax bill. What are people’s strategies for funding your 529 plans and for asset allocation if you are planning on sending kids to private school? We live in a st...
by CAMD
Tue Oct 24, 2017 2:21 am
Forum: Personal Investments
Topic: UC 403b vs 457b and which funds?
Replies: 13
Views: 2429

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

1. Either would work fine. The main advantage of the 457b as you state is the ability to access funds in the event of separation from the employer. Otherwise you would have to wait until 59.5 for the 403b. I am not sure if you can transfer the 457b Into Vanguard though. I believe that you can roll w...
by CAMD
Tue Jul 18, 2017 4:46 pm
Forum: Investing - Theory, News & General
Topic: Changes to Univ California Retirement Plan
Replies: 14
Views: 3182

Re: Changes to Univ California Retirement Plan

I switched to the UC Pathway fund after their initial restructuring of the plan a few years back. Prior to that I had simply used Fidelity Spartan Index Funds. Now that they have updated the expenses, it seems to be a better option to simply buy the individual components of the Pathway funds and the...
by CAMD
Tue Jul 18, 2017 11:03 am
Forum: Investing - Theory, News & General
Topic: Changes to Univ California Retirement Plan
Replies: 14
Views: 3182

Changes to Univ California Retirement Plan

Woke up to an email with changes to the UC Retirement Plan options. https://myucretirement.com/Managed/Assets/File/1497543075/UC_FundChange_BRO_ONLINE.pdf Looks like some of the changes are simply nomenclature, while others may potentially be more substantial (changing and eliminating some fund opti...
by CAMD
Mon Jun 05, 2017 3:46 pm
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 22017

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Does that seem about right to everyone. Again I ran into misleading things from fidelity! I'm with you on the confusion! That's why I turned here. But my assessment mimics yours. I think you can have 54k after-tax (UC DCP) and 18k pre-tax (403b). But that being said, I'm no expert. The UC benefits ...
by CAMD
Wed May 10, 2017 11:49 pm
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 22017

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

retiredjg wrote: It does look like it. Don't know why they are saying $53k because this year it is $54k. But who cares? If you can get $53k into Roth instead of taxable, that's HUGE! I didn't read the whole plan. Does it say somewhere that you can roll that after-tax account over to Roth IRA while ...
by CAMD
Tue May 09, 2017 12:58 pm
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 22017

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

retiredjg » Wed May 03, 2017 6:19 am I think you need a benefits person to help you with this. You could ask a moderator to move this to a stand along thread and use a title that would attract the attention of a benefits person. What does your own benefits person have to say? See response from my b...
by CAMD
Tue May 02, 2017 4:28 pm
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 22017

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Often, it is the employer, not the employee, who is contributing to the 401a. You are talking as if you will be doing the contributions as the employee. You may be correct. The Univ of California plan has both pretax and after tax contributions. See description below from the plan: "The DC Pla...
by CAMD
Tue May 02, 2017 3:04 pm
Forum: Personal Investments
Topic: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!
Replies: 101
Views: 22017

Re: New physician - UC retirement options help (403b/457b/401a megabackdoor roth)!

Figured I would just tack on to the end of this thread rather than starting a new one. Hopefully this is OK and the best way to go with my question. I just want to clarify contribution limits for UC plans. I am a UC employee and was hired before 2013, so I am considered a "1976 Tier". http...
by CAMD
Mon Apr 24, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: ESPN.com article- "Pro Athletes Need Financial Advice..."
Replies: 7
Views: 1427

ESPN.com article- "Pro Athletes Need Financial Advice..."

https://theundefeated.com/features/pro-athletes-need-financial-advice-before-the-first-snap/ Interesting article about the financial realties of pro athletes. Sounds like they could use some serious Bogleheads advice. I wonder what those financial advisors charge these guys. Although it sounds like ...
by CAMD
Sat Apr 15, 2017 4:04 pm
Forum: Personal Investments
Topic: Transferred Assets from Financial Advisor to Vanguard- Now what??
Replies: 4
Views: 859

Re: Transferred Assets from Financial Advisor to Vanguard- Now what??

Thanks for all the suggestions. Inbox- my goal is for a 50/50 split with total stock and total international. I will start with some of the higher cost funds and slowly deal with the tax consequences little by little. Appreciate the suggestion to leave the individual stocks for later given the absen...
by CAMD
Fri Apr 14, 2017 2:42 pm
Forum: Personal Investments
Topic: Transferred Assets from Financial Advisor to Vanguard- Now what??
Replies: 4
Views: 859

Transferred Assets from Financial Advisor to Vanguard- Now what??

My wife just transferred approximately $350k from her taxable account to Vanguard. It had been managed by a family advisor for many years and he attempted to balance it with my existing Vanguard account which was more heavily tilted towards equities. After reading this blog, we got the motivation to...
by CAMD
Fri Apr 07, 2017 10:07 pm
Forum: Personal Investments
Topic: Help deciding between SEP vs solo 401(k)
Replies: 13
Views: 1301

Re: Help deciding between SEP vs solo 401(k)

Thanks Spiritrider. I was concerned about the temporary nature of the independent contracting position (and thus the temporary time frame for a solo 401k). But I appreciate your suggestion to take advantage of the larger tax deferred space now and then figure out the future later. If she ends up goi...
by CAMD
Fri Apr 07, 2017 6:00 pm
Forum: Personal Investments
Topic: Help deciding between SEP vs solo 401(k)
Replies: 13
Views: 1301

Re: Help deciding between SEP vs solo 401(k)

I confirmed with Vanguard. Deadline to establish solo 401(k) for 2017 earning is December 31, 2017.

With that in mind, does anyone have any thoughts about the pros/cons for SEP vs solo 401(k) for our particular situation?
by CAMD
Fri Apr 07, 2017 3:50 pm
Forum: Personal Investments
Topic: Help deciding between SEP vs solo 401(k)
Replies: 13
Views: 1301

Re: Help deciding between SEP vs solo 401(k)

SpideyIndexer » Fri Apr 07, 2017 12:46 pm I believe it is too late to set up a SE (or solo) 401(k). If you do your taxes on a calendar year basis, the account needed to be set up by December 31, 2016 for 2017 earnings. So that leaves a SEP! (In some cases a SIMPLE allows higher contributions that a...
by CAMD
Fri Apr 07, 2017 1:10 pm
Forum: Personal Investments
Topic: Help deciding between SEP vs solo 401(k)
Replies: 13
Views: 1301

Help deciding between SEP vs solo 401(k)

Long time listener, first time caller here. Really a great website and appreciate everyone's expertise. Wanted to get input from the group on our current situation. We are a 2 physician family. I work full time for a hospital and she has been out of work for the last year or so. Wife returned to wor...