Search found 71 matches

by retiringwhen
Thu Dec 07, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Calculate whether to transfer Traditional IRA to Roth or 401k
Replies: 4
Views: 286

Re: Calculate whether to transfer Traditional IRA to Roth or 401k

BTW, the advice given me earlier this year on the forum that seems to be well documented is that there is no reason to wait beyond the date the money actually makes the move from the Traditional IRA to the 401(k) before making a new Traditional IRA contribution to start the back-door process. I just...
by retiringwhen
Thu Dec 07, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Calculate whether to transfer Traditional IRA to Roth or 401k
Replies: 4
Views: 286

Re: Calculate whether to transfer Traditional IRA to Roth or 401k

bogleboy wrote:
Thu Dec 07, 2017 3:33 pm

Why do you have wait to till next year to do the Roth?
We put all my discretionary funds into paying taxes (at a favorable rate due to some unrelated moves) on my wife's Roth Conversion this year. So I instead focussed on clearing the decks to make future moves possible.
by retiringwhen
Thu Dec 07, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Calculate whether to transfer Traditional IRA to Roth or 401k
Replies: 4
Views: 286

Re: Calculate whether to transfer Traditional IRA to Roth or 401k

I would say, put it in the 401(K), don’t pay taxes this year, as your rates appear to be too high to justify the conversion, just clean up your accounts to make the Roth work going forward. I have the same problem nearly, but with two different situations with my me and my wife. I rolled all of my o...
by retiringwhen
Mon Dec 04, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Opening a Traditional IRA Within Existing Vanguard Account
Replies: 11
Views: 535

Re: Opening a Traditional IRA Within Existing Vanguard Account

On the investors.vanguard.com site, there is a menu entitled, investing. After logging in to your account, go there and click on IRA, then click on the button that says “open your IRA today” and follow the instructions. I did this yesterday for an IRA and it took 4 minutes, 3 if i had a paystub hand...
by retiringwhen
Fri Nov 17, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of rolling IRA into 401k & initiating a back door Roth conversion
Replies: 6
Views: 432

Re: Timing of rolling IRA into 401k & initiating a back door Roth conversion

I'm still in 'nervous'. Spouse's tIRA went from mid-5 figures to zero on 11/10, and I'm ... checking the mailbox frequently and wondering whether I should have signed up for that informed delivery thing. You can bet that I'll be sending it certified overnight to the 401k provider. I can understand ...
by retiringwhen
Fri Nov 17, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Why did Vanguard drop TurboTax?
Replies: 16
Views: 3201

Re: Why did Vanguard drop TurboTax?

Vanguard used to offer Vanguard clients discounted or even free access to TurboTax’s tax preparation services. But Vanguard dropped its discounts several years ago, saying that Vanguard considered its core mission to be investment services, not tax services. Was Vanguard’s decision to drop TurboTax...
by retiringwhen
Fri Nov 17, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of rolling IRA into 401k & initiating a back door Roth conversion
Replies: 6
Views: 432

Re: Timing of rolling IRA into 401k & initiating a back door Roth conversion

OK, it's gone from Vanguard account but can you also see it now in your 401k? If you can't, I would want to be double safe and wait for that. I'd worry that it's still possible the 401k could reject the rollover for some silly reason. A backdoor Roth for 2017 will go quickly so you have plenty of t...
by retiringwhen
Fri Nov 17, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of rolling IRA into 401k & initiating a back door Roth conversion
Replies: 6
Views: 432

Re: Timing of rolling IRA into 401k & initiating a back door Roth conversion

I just posted about doing this ... I'm -almost- there but really should wait for the balance to show up in the 401k. You're good to go. Look at the 8086: Line 6 asks what the balance of your pre-tax IRAs is as of 12/31. That's all the IRS cares about. Do the backdoor this week, and make sure your b...
by retiringwhen
Fri Nov 17, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Timing of rolling IRA into 401k & initiating a back door Roth conversion
Replies: 6
Views: 432

Timing of rolling IRA into 401k & initiating a back door Roth conversion

Okay, so I have learned alot about Roth's this year after I found BH.org (yeah!) and I am starting to cleanup/prepare for a long-term strategy of Roth Conversions for me and my DW (her situation is separate and not addressed here). First step was to move 100% of my Traditional IRA $ (all pre-tax) in...
by retiringwhen
Tue Nov 14, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Losing all of your savings.
Replies: 41
Views: 5891

Re: Losing all of your savings.

It’s a shame that this board gets taken advantage of... this guy is a troll or is up to something. If you take the post as an opportunity to suggest help in the form of help for anyone who can related to the OP's question, then we aren't being taken advantage of, instead we are using trolls to crea...
by retiringwhen
Mon Nov 13, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Failure to file Form 8606 30 years ago....
Replies: 6
Views: 1579

Re: Failure to file Form 8606 30 years ago....

Do I just ignore this and assume I should treat the IRA balance as all pre-tax contributions? Yes. Speaking from experience, the IRS will not even notice or care that you are paying taxes on that $300 again. You could, if you prefer, send them a 1989 Form 8606. They are likely to accept it, but it ...
by retiringwhen
Mon Nov 13, 2017 11:48 am
Forum: Investing - Theory, News & General
Topic: Dan Solin Article "Investor Insanity"
Replies: 5
Views: 884

Re: Dan Solin Article "Investor Insanity"

cinghiale wrote:
Mon Nov 13, 2017 11:41 am
Shame he didn’t point readers toward this forum “for further enlightenment.”
Probably against HuffPo editorial policy to link out to competing forums/sources of ad revenue :-)

But good none-the-less.
by retiringwhen
Mon Nov 13, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Losing all of your savings.
Replies: 41
Views: 5891

Re: Losing all of your savings.

Do a post-mortem on why you made the investments, be realistic and brutally honest with yourself. If it is in your power (and will-power) to change your ways, then make the changes and get serious about understanding a BH-like strategy and long-term plan. If you cannot or fear you cannot deal with t...
by retiringwhen
Mon Nov 13, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Failure to file Form 8606 30 years ago....
Replies: 6
Views: 1579

Failure to file Form 8606 30 years ago....

So, long story short, my wife transferred a pre-tax traditional IRA over to Vanguard in 1989 that was less than $2,000, but Vanguard required a minimum opening balance of $2,000, So she kicked in $300 at the time of the transfer. The transfer was executed as a distribution then contribution (1009-R ...
by retiringwhen
Mon Nov 13, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Metlaw - Hyatt Legal
Replies: 5
Views: 531

Re: Metlaw - Hyatt Legal

I bought it last year thinking I would use it to find a lawyer for our need to update our estate planning (old lawyer long retired). Ended up not using the service as it seems like all it really does is provide an initial referral service and not necessarily for the best lawyers and for a pretty lim...
by retiringwhen
Wed Nov 08, 2017 8:33 am
Forum: Investing - Help with Personal Investments
Topic: From 100% equity to 80/20. Overnight or over a year?
Replies: 23
Views: 1969

Re: From 100% equity to 80/20. Overnight or over a year?

... However, for the bond portion, should I sell 20% of my stocks in a single transaction or should I also gradually increase my holding over time. For example, 2%/month until I get to 20% in 10 months? Are there advantages/disadvantages to either approaches? I too vote for overnight. I was in a si...
by retiringwhen
Tue Nov 07, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Vangaurd Target Date retirement allocation too aggressive?
Replies: 20
Views: 1737

Re: Vangaurd Target Date retirement allocation too aggressive?

So, would the general BH recommend i switch to no more than 80% stocks? I was 85/15 for most of 30 years and only began to move more into bonds in my 50s. Luckily I was too busy in 2001 and 2009 to notice or worry about the gigantic paper losses incurred. Now as I am getting close to my “number”. T...
by retiringwhen
Tue Nov 07, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Change withdrawal pattern from inherited IRA?
Replies: 3
Views: 259

Re: Change withdrawal pattern from inherited IRA?

I've had an inherited IRA for about 10 years. Over that time, I have taken the stretch withdrawal pattern based on my life expectancy. Now, I'm considering early retirement and wonder if I could increase withdrawals to help fund expenses until age 59.5. Am I stuck with the stretch withdrawal method...
by retiringwhen
Fri Nov 03, 2017 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Windsor II
Replies: 7
Views: 683

Re: Windsor II

Generally Speaking, I believe the advice to sell and roll into your core Index portfolio is very good advice, in large part due to taxation. But! I have been in a similar place for years. I have been a "mostly indexer" for probably 25 years (early on was 50/50 index active) and in the last year I mo...
by retiringwhen
Wed Oct 25, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Vague Small Claims Court Judgement Issues
Replies: 3
Views: 530

Re: Can a judgement against me keep me from finding a job?

I would suggest you research the judgement (find out the jurisdiction, etc.) and be up front in any job search that your name has a claim against it, but it is not you (and be prepared with the documentation you have to demonstrate that). Getting those details will likely require a good well done ba...
by retiringwhen
Wed Oct 25, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Package addresssed to my address, someone else's name, on house I am selling
Replies: 35
Views: 2767

Re: Package addresssed to my address, someone else's name, on house I am selling

Given that the item is a smartphone, my bet is on it being a scam. It is increasingly common to uy items with stolen credit cards and ship them to unoccupied addresses or another variation where the buyer claims not to have received the item to get a refund. I agree, a very common scam is to use a ...
by retiringwhen
Wed Oct 25, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Package addresssed to my address, someone else's name, on house I am selling
Replies: 35
Views: 2767

Re: Package addresssed to my address, someone else's name, on house I am selling

My wife & recently moved and are selling our old house. She dropped by the house to do something or other and found a package on the porch. It was addressed properly to that house, but the name on the package is one neither of us recognized. The package appears to contain a new smartphone. How do I...
by retiringwhen
Mon Oct 16, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Wills/Trust/Estate Planning - How best to review legal documents
Replies: 21
Views: 1793

Re: Wills/Trust/Estate Planning - How best to review legal documents

My wife and I both have our IRA's at Fidelity and we have each other named as primary beneficiaries and our children named as contingent beneficiaries. I verified with Fidelity that when either my wife or I pass away, the surviving spouse could 'Disclaim' all or part of the IRA such that the childr...
by retiringwhen
Thu Oct 05, 2017 9:22 pm
Forum: Personal Consumer Issues
Topic: accounting software for churches?
Replies: 24
Views: 1779

Re: accounting software for churches?

We have used Quickbooks Online (and Quickbooks Desktop) for over ten years for a church with a $800K/year budget. It frankly is not well suited for a non-profit even with the add-ons. The budgeting model is broken and does not handle giving in any practical way for the needed reporting of donations....
by retiringwhen
Wed Oct 04, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Only bond fund in 401K is Pimco Total Return. Buy?
Replies: 15
Views: 756

Re: Only bond fund in 401K is Pimco Total Return. Buy?

A lot of the favored Vanguard bond funds mentioned around here are not index funds. They are just well run and low cost and people don't realize they are actively managed instead of indexed. So don't assume that everything has to be an index fund (although that is usually my first choice when avail...
by retiringwhen
Wed Sep 06, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: Kitces: The fiduciary rule’s invisible boost...
Replies: 5
Views: 867

Re: Kitces: The fiduciary rule’s invisible boost...

Yes, that is good news and your brother is pretty perceptive, but it seems like something that was put in place to protect investors may benefit active managers because the performance of their funds will go up, and for a lot of uninformed investors, that's all they look at. Paul I agree, I have ot...
by retiringwhen
Wed Sep 06, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: Florida Hurricanes: When and where to go?
Replies: 141
Views: 13675

Re: Florida Hurricanes: When and where to go?

This is much too risky for me to live there, so we live in the NorthEast. I am risk adverse, I also own mostly low-risk index funds. Not near the coast, I assume. Personally, inland can be a false sense of security. We live in western NJ and Sandy trapped us in our neighborhood for 3 days until we ...
by retiringwhen
Wed Sep 06, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: Kitces: The fiduciary rule’s invisible boost...
Replies: 5
Views: 867

Re: Kitces: The fiduciary rule’s invisible boost...

Edward Jones has already made the shift by requiring investors to be placed in Guided Solutions with it's 1.35% fee. You won't see that fee's impact on net returns. Paul This change actually caused my brother to notice how much he was paying in fees to EJ, thus the beginning of his move towards eit...
by retiringwhen
Wed Sep 06, 2017 8:12 am
Forum: Personal Consumer Issues
Topic: Locking hub nuts on a vehicle - worth having?
Replies: 24
Views: 1252

Re: Locking hub nuts on a vehicle - worth having?

A friend woke up one day to find his car up on blocks and the wheels missing. That made me wonder if I should buy a set of locking hub nuts for my new vehicle. Then I ran across this, which illustrates that locking hub nuts are not likely to deter a thief for more than a few minutes. Is it still wo...
by retiringwhen
Wed Sep 06, 2017 8:09 am
Forum: Investing - Theory, News & General
Topic: Bogle's Book
Replies: 13
Views: 1892

Re: Bogle's Book

Would you recommend this book or The Bogleheads Guide to Investing as my first book? I have read both and they serve different purposes. If you want a practical guide on how to organize a fully integrated financial plan, the The Boglehead's Guide is an excellent introduction to the entire breadth o...
by retiringwhen
Sun Sep 03, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Question about Vanguard investment dividend.
Replies: 8
Views: 569

Re: Question about Vanguard investment dividend.

I don't see any dividend reinvestments since January when I contributed $5,500. I see some dividend reinvestments for previous years. Why is this? How do I know how much money is not reinvested and how do I reinvest the dividends? Again, I have the dividends and capital gains set to "reinvest". See...
by retiringwhen
Wed Aug 30, 2017 8:24 pm
Forum: Investing - Theory, News & General
Topic: Bogle's Book
Replies: 13
Views: 1892

Re: Bogle's Book

if it is like the 10th anniversary edition of the Common Sense Big book, it will mostly provide up to date data. There are less predictions in this book so probably less textual changes. I am not planning on buying a new copy, but wish it would come out earlier as I have plans to send copies to a co...
by retiringwhen
Wed Aug 30, 2017 7:34 pm
Forum: Investing - Theory, News & General
Topic: Bogle's Book
Replies: 13
Views: 1892

Re: Bogle's Book

Amazon Pre-orders are available here: http://a.co/dDVA6FJ
by retiringwhen
Fri Aug 18, 2017 6:44 am
Forum: Investing - Theory, News & General
Topic: Depositing checks by uploading image from computer?
Replies: 10
Views: 1222

Re: Depositing checks by uploading image from computer?

Anyone know of a good online savings account for check deposits by pictures uploaded from computer? Capital One just took away this capability. Barclays says they are compatible with most computers and scanners, so they may work, but I always take a picture with a digital camera instead of using a ...
by retiringwhen
Fri Aug 18, 2017 6:40 am
Forum: Investing - Theory, News & General
Topic: Depositing checks by uploading image from computer?
Replies: 10
Views: 1222

Re: Depositing checks by uploading image from computer?

My banks have all switched to deposit by phone camera only. More than one?! Wonder if they are all going to do away with computer image upload... My guess is that the phone app provides more security to the institution as they can control the source of the image (e.g. The phone or iPad's camera). I...
by retiringwhen
Sat Aug 05, 2017 6:52 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 2012

Re: Roth 401(K)

Unless we do something about the RMDs we will likely be at higher tax rates than today almost impossible to be lower. I saw the $500K number in a previous comment and that didn't quite fit with high RMD's. Seems like you need to be north of $4M to worry about RMD's, if you are in a high tax bracket...
by retiringwhen
Fri Aug 04, 2017 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 2012

Re: Roth 401(K)

Spirit Rider wrote:
retiringwhen wrote:When looking at a back-door conversion, the pooling question only applies to an individual basis, not both spouses in a MFJ situation, right?
Correct.
Thanks!
by retiringwhen
Fri Aug 04, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 2012

Re: Roth 401(K)

I'm only 34, and max my 401k up to 18k as I'm allowed. Company match is 6% of my salary+bonus. My breakdown is roughly 16k traditional 401k, and 2k Roth 401k. Don't ask why I do it this way... but over the past several years I've been doing it, and as my 401k balance grows it feels good knowing I'l...
by retiringwhen
Fri Aug 04, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 2012

Re: Roth 401(K)

Retiringwhen: Like you, I realized several years ago that I was out of balance with a larger percentage of pre-tax retirement savings than would be optimal, and started making Roth contributions in my 403(b). There are a few potential complications that have not yet been mentioned. As you may know,...
by retiringwhen
Fri Aug 04, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 2012

Re: Roth 401(K)

Please note that a Roth Conversion is different from a Backdoor Roth. The former you can do anytime. The latter can only be done when you are earning a wage. The break even point is if your marginal tax rate now will be the same as your marginal tax rate in retirement. Do you expect your RMD's + SS...
by retiringwhen
Fri Aug 04, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 2012

Re: Roth 401(K)

The backdoor strategy is going to be interesting as I have a roll-over IRA from previous company 401(k) all pre-tax, my wife has a traditional IRA plus an Inherited Traditional IRA with current RMDs. It is going to take a bit for me to get my head around all the options and challenges there. If you...
by retiringwhen
Fri Aug 04, 2017 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 2012

Re: Roth 401(K)

Thanks for the feedback everyone. I get it now. the combined total of Pre-Tax and Roth contributions must be no more than $24,000 since am over 50... I am in a pretty high tax bracket now, so part of this analysis is trying to figure out the balance between pre-tax and Roth contributions. Something ...
by retiringwhen
Thu Aug 03, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 2012

Roth 401(K)

My company has a very robust 401(K) offering (through Vanguard) that offers both Pre-tax and Roth contribution options. I am already put a significant portion into the plan via pre-tax contributions to ensure I receive the matching contributions from the company. I do not max out to the full legal l...
by retiringwhen
Tue Aug 01, 2017 6:49 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4919

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

Are you saying Vanguard is competing with itself? I wouldn't frame it that way. I have to admit I don't have a clear idea of what that last post actually meant. You still haven't shown the central thesis, which you repeated, that: Vanguard has chosen to under-cut their costs structures to provide a...
by retiringwhen
Tue Aug 01, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4919

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

My conclusion is this: Even 40+ years later, no company has come close to competing with Vanguard on its true competitive advantage which is the inverted corporate structure, being owned by the funds, owned by the customers. That is the feature which allows costs to consumers to be driven down and ...
by retiringwhen
Tue Aug 01, 2017 4:20 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4919

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

Retiringwhen, Your examples are good but I am just concerned about the pendulum swinging too far towards providing a cheaper product at the expense of all the good things that a Fidelity provides. I have accounts at both Fido and VG. In my decades long experience with both, I have favored Fido's we...
by retiringwhen
Tue Aug 01, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4919

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

^^^Or, costs remained fixed or grew sublinearly while AUM grew. There hasn't been evidence presented to support the contention that Vanguard has reduced prices due to competition. That's what the executive pay discussion is about, as it is a way to state that expenses are inflated on the balance sh...
by retiringwhen
Tue Aug 01, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4919

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

What we are seeing is the creative destruction of capitalism. I too think this might be so. Perhaps the root cause of this is that more and more people want more and more stuff for free or nearly so. Every business whether in the financial industry, consumer staples, entertainment, farming, healthc...
by retiringwhen
Tue Aug 01, 2017 7:46 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4919

Re: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]

* Those familiar with HTML should note the page's document title is "Fidelity Beats Vanguard on Index Mutual Funds", which is the text displayed in your browser tab. It's different than the title of the article. These marketing guys are good. Game on. :) Nice. Now our Fido Roths holding 100% FSTVX ...
by retiringwhen
Tue Aug 01, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Beats Vanguard on Total Expenses for 14 Index Mutual Funds]
Replies: 63
Views: 4919

Re: How Fidelity’s War With Vanguard Means Big Savings for Investors

Hopefully this doesn't mean that customer service will be heading south as well. That is the concern I have about the race to the bottom on fees. Low prices aren't everything, for example I don't shop at Wal-Mart. I think vanguard's issue is competence and training not number of workers. The stuff ...