Search found 33 matches

by fouroheight68
Wed Nov 01, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Put cash into a home or stock market.
Replies: 30
Views: 3534

Re: Put cash into a home or stock market.

Put 20% down on the house <$27,000> Pay off student debt <$21,000> Pay off Car loan <$3,500> Put 6 months expenses savings Remainder (if any) invest in taxable account. Alot of BHer's advise against purchasing real estate. You always need a roof over your head, and owning that roof is a great vessel...
by fouroheight68
Wed Oct 25, 2017 11:34 am
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 55
Views: 8511

Re: How young is too young to retire.

CNC - I see a few similarities between ourselves. I am also in my early 30s. I also work in Construction Management/Engineering. My wife and I also have two children, and we are seriously looking at our "retirement" age of 53, when the kids are in college. I think rather than retirement, a better te...
by fouroheight68
Mon Oct 16, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: First Post (gulp) - Request for Advice on selling inherited home
Replies: 20
Views: 1757

Re: First Post (gulp) - Request for Advice on selling inherited home

I've been on the other side of this - as the real estate investor. If you are going to sell to an investor, just go into it realizing you are not going to recieve "top dollar", but rather the easiest transaction possible. I am currently in negotiations with an estate for a similar situation. The hou...
by fouroheight68
Mon Oct 16, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Credit protection for children?
Replies: 5
Views: 492

Credit protection for children?

My wife and I have taken precautions for our own credit, including freezing and credit monitoring. Our son is 2 years old, and I am wondering if we should take any precautions for his identity/credit?
by fouroheight68
Wed Oct 04, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15332

Re: Bay Area Real Estate

As other posters have commented, one thing is often neglected with the CA rent vs buy decision: Property taxes due to Prop 13. My grandfather recently sold his Los Altos home for $2.2M in 2013 (Zillow currently has it pegged at $3.5M) which he purchased in the early 70s. Built in the 60s, it was 25...
by fouroheight68
Fri Sep 29, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Quick portfolio checkup!
Replies: 8
Views: 986

Re: Quick portfolio checkup!

Why are you 28 years old with 49% bonds? You should be 10-15% bonds, especially if your intention is to retire early. You need all the growth you can now. Also, why have two separate savings accounts? I understand that you have two different goals, but it just seems an unnecessary (and lower yield) ...
by fouroheight68
Wed Sep 27, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15332

Re: Bay Area Real Estate

It's why people move to places like the suburbs of Sacramento, Brentwood, etc.... Can get a beautiful house, great schools, huge parks, great family areas, and often Bay Area salaries. Yes, some people do end up driving back and forth a couple times a week but many find it to be a worthwhile choice...
by fouroheight68
Wed Sep 27, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 6296

Re: My Smartest Financial Moves

1. Started contributing to my 401(k) as an intern in 2008 2. Bought my first house 2 months after graduating college in 2010. Lived in it 2 of 5 years, sold with $60k profit (gross) with no capital gains tax. 3. Bought a boat in 2013. Yes, bought a boat is on this list. A friend was the original own...
by fouroheight68
Tue Sep 26, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help with bad 401(k) fund choices
Replies: 18
Views: 1180

Re: Help with bad 401(k) fund choices

You have a SP 500 fund with an ER of .11 and an employer match of 6%. You, my friend, have much to be thankful for. Very thankful of course, but relatively poor fund options compared to my previous employer. There is very little difference in the best 401k options out there and what you have. I don...
by fouroheight68
Tue Sep 26, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help with bad 401(k) fund choices
Replies: 18
Views: 1180

Re: Help with bad 401(k) fund choices

Sorry, I mistyped - I have a 401k with a pretax and roth option. I contribute 5500 to the Roth and 12500 to the pretax for a total of 18,000. My current balance between roth and pretax is a little off because I started by only contributing to the Roth.
by fouroheight68
Tue Sep 26, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help with bad 401(k) fund choices
Replies: 18
Views: 1180

Re: Help with bad 401(k) fund choices

You have a SP 500 fund with an ER of .11 and an employer match of 6%. You, my friend, have much to be thankful for. Agreed, that's not that bad. I would recommend maxing it out if you can, and using the rest of your accounts appropriately. If you own International funds, that would be ideal in taxa...
by fouroheight68
Tue Sep 26, 2017 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help with bad 401(k) fund choices
Replies: 18
Views: 1180

Re: Help with bad 401(k) fund choices

goingup wrote: ↑
Tue Sep 26, 2017 1:38 pm
You have a SP 500 fund with an ER of .11 and an employer match of 6%. You, my friend, have much to be thankful for.
Very thankful of course, but relatively poor fund options compared to my previous employer.
by fouroheight68
Tue Sep 26, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help with bad 401(k) fund choices
Replies: 18
Views: 1180

Re: Help with bad 401(k) fund choices

I do not understand your first sentence. It has room for interpretation on your contributions toward Roth 401k, Traditional 401k, and/or Roth IRA. Can you explain with more precision? Sharing your expected tax bracket will help. Including estimated income if you are able/willing to share. What do y...
by fouroheight68
Tue Sep 26, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Help with bad 401(k) fund choices
Replies: 18
Views: 1180

Help with bad 401(k) fund choices

Im 32, and my current employer offers a 401(k) with both a tax deferred and roth option. I contribute 5500 to the Roth and 12500 to the pretax for a total of 18,000. EmpIoyer offers a 6% match. I currently have $10,687 invested in this account (I have been employed since Feburary). My (awful) fund o...
by fouroheight68
Tue Sep 26, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Re-allocating assets - hold cash?
Replies: 9
Views: 781

Re: Re-allocating assets - hold cash?

All good points, thanks for the reaffirmation!
by fouroheight68
Tue Sep 26, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Re-allocating assets - hold cash?
Replies: 9
Views: 781

Re: Re-allocating assets - hold cash?

This is the standard "Invest now or Wait?" question that is asked all the time. If you use "Invest now or Wait?" as a search term, then you will see many wonderful answers. You will only have to read about 5 of the approximately 17,200 answers to get a sense of what most people think the answer sho...
by fouroheight68
Tue Sep 26, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Re-allocating assets - hold cash?
Replies: 9
Views: 781

Re-allocating assets - hold cash?

Hi All, Age 32 Pre-tax account value: $160,000 Taxable value: $45,000 Thanks to Bogleheads, I dumped Edward Jones and have been moving all our accounts over to Schwab. Our adviser at Schwab has been extremely upfront and helpful, but I wanted to get your opinions on how to re-allocate our assets. My...
by fouroheight68
Mon Sep 25, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying portfolio
Replies: 43
Views: 3724

Re: Simplifying portfolio

I am going through a similar situation, albeit less funds, but a jungle of accounts. My accounts were held mainly at Edward Jones, and Merrill Lynch. I looked into going to Vanguard, but it was a bit overwhelming and needed some hand holding/guidance. Schwab has a local brick and mortar office, and ...
by fouroheight68
Fri Sep 08, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from EJ to Schwab - Need help building portfolio
Replies: 14
Views: 1014

Re: Moving from EJ to Schwab - Need help building portfolio

I had a great meeting with Schwab last night, and completed the paperwork to move my 5 EJ accounts over. Schwab will pick up any fees by Edward jones to close the accounts. We are going to keep our non retirement account funds (taxable) in place and gradually close them out. Well sell the IRA accoun...
by fouroheight68
Thu Sep 07, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from EJ to Schwab - Need help building portfolio
Replies: 14
Views: 1014

Re: Moving from EJ to Schwab - Need help building portfolio

Thank you, I think the plan will be to reduce my payroll contribution from 18% to 5% (to get the company match) and put the other 13% into Schwab.
by fouroheight68
Thu Sep 07, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from EJ to Schwab - Need help building portfolio
Replies: 14
Views: 1014

Re: Moving from EJ to Schwab - Need help building portfolio

I would recommend moving to Schwab or Vanguard, liquidating everything (assuming the gains in the taxable accounts don't put you in a higher tax bracket), and then starting over from scratch with a simple portfolio in a few funds with low expense ratios, primarily SCHB, SCHF, and either SCHZ or SCH...
by fouroheight68
Thu Sep 07, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from EJ to Schwab - Need help building portfolio
Replies: 14
Views: 1014

Re: Moving from EJ to Schwab - Need help building portfolio

Of the funds you have listed, I would only put your 401k in the S&P500 index. Do you have any other choices with low expense ratios that aren't listed? On my current 401k, this is my direction: ISHARES S&P 500 INDEX FD INSTL80% OPPENHEIMER GLOBAL FUND 10% LOOMIS SAYLES INVT GRADE A 10% The Ishares ...
by fouroheight68
Thu Sep 07, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from EJ to Schwab - Need help building portfolio
Replies: 14
Views: 1014

Re: Moving from EJ to Schwab - Need help building portfolio

Thank you! I added the taxable gain/loss to the joint account summary. There is a taxable gain of $2,068. Am I correct in assuming that this is the amount that will be taxed when I switch to Schwab? If so, when are these taxes paid? At sale, or when I file my income tax return?
by fouroheight68
Thu Sep 07, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Moving from EJ to Schwab - Need help building portfolio
Replies: 14
Views: 1014

Re: Moving from EJ to Schwab - Need help building portfolio

For taxable accounts, when you sell, you will generate a taxable event so pay attention to whether you're looking at short or long term cap gains with each fund. So herein lies my question. I want to clear out all these funds EJ put me in, and get into a few simple index funds at Schwab. To do so, ...
by fouroheight68
Thu Sep 07, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Moving from EJ to Schwab - Need help building portfolio
Replies: 14
Views: 1014

Moving from EJ to Schwab - Need help building portfolio

Thanks to the information learned here, my wife and I have a meeting with Schwab to move our investments over from Edward Jones. Here is our background: Age: Me 32 Her 31 Children: 1, 1 due in April Gross household income: $220,000 Emergency funds: $22,000 cash Tax Filing Status: Married Filing Join...
by fouroheight68
Wed Aug 02, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?
Replies: 26
Views: 1685

Re: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?

Thanks! I called my local Schwab office and we are setting up a meeting in a few weeks. I think it might be a good balance of face to face help if needed, and lower fees. I would like to consolidate all these accounts into a few.
by fouroheight68
Wed Aug 02, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?
Replies: 26
Views: 1685

Re: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?

Thanks for the great detailed responses! Yes, you are right I have a 401k not a IRA at my old employer. How specifically is Schwab better than EJ? Do they have more index fund options?
by fouroheight68
Wed Aug 02, 2017 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?
Replies: 26
Views: 1685

Re: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?

My ML account is mixed with both Roth and traditional funds. Probably not. Maybe you are saying you have a Roth IRA at ML and a Traditional IRA at ML? Or you could be saying you have a traditional IRA at ML that contains both deductible and non-deductible contribution? But where did the employer pl...
by fouroheight68
Wed Aug 02, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?
Replies: 26
Views: 1685

Re: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?

Thats the hardest part - I have no idea what my Edward Jones account is actually costing me. Therein lies the problem. You will not find much on the EJ site or in your account about fees. Use Morningstar to find the Expense Ratios. You might see a monthly fee on your statements. You are on THE best...
by fouroheight68
Wed Aug 02, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?
Replies: 26
Views: 1685

Re: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?

I was with Edward Jones for ~3 years. 5.75% front end loads, C shares with 1 to 2.2% Expense ratios. 12b-1 fees. Back end .25% sales charges. Way too many funds, complicated, individual stocks. All were purchased for the benefit of maximizing the fees for my "advisor". Great guy, "great" advice, cr...
by fouroheight68
Wed Aug 02, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?
Replies: 26
Views: 1685

Re: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?

Joint account: This account has $45,000 invested in various mutual funds and has a personal rate of return of 8%. Since it is not a retirement account, Vanguard told me I am not able to liquidate and reinvest in index funds - I can only transfer them straight across to Vanguard. Many of these funds...
by fouroheight68
Wed Aug 02, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?
Replies: 26
Views: 1685

Re: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?

Thank you. My ML account is mixed with both Roth and traditional funds. How? I am not sure. I opened two accounts with Vanguard earlier today (Roth and traditional) to roll it over, but when I started looking at it closer I just did not see the advantage since I have been happy with the returns and ...
by fouroheight68
Wed Aug 02, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from Merrill Lynch and Edward Jones to Vanguard?
Replies: 26
Views: 1685

Should I transfer from Merrill Lynch and Edward Jones to Vanguard?

I'm 32 years old, and I want to get this right during my growth years. My wife and I have several accounts with both Merrill Lynch and Edward Jones, and I am weighing our options to transfer to Vanguard. It isn't exactly cut and dry, and I could use some help and analysis. Here is a breakdown of the...