Search found 8553 matches

by BL
Mon Jan 21, 2019 4:15 pm
Forum: Investing - Theory, News & General
Topic: Order in Which Accounts Types and Funds Types Get Roth "Converted"
Replies: 11
Views: 518

Re: Order in Which Accounts Types and Funds Types Get Roth "Converted"

It seems simplest to me to exchange (sell, then buy in Roth) a stock fund, then you shouldn't have to do rebalancing in the IRA remaining. I have done this easily online at Vanguard. You can always rebalance afterwards if you didn't get it right. Do you have the money to pay the taxes to convert to ...
by BL
Mon Jan 21, 2019 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice - mixed thoughts
Replies: 33
Views: 2012

Re: Investment advice - mixed thoughts

Save up some extra before June to be sure you can put 19,000 into 401k this year, even if you have to put all your available income into 401k starting in June. Maybe you can even find out what funds are being offered and the expense rate (ER) of each. Do you know what company handles the 401k? There...
by BL
Mon Jan 21, 2019 3:07 am
Forum: Investing - Help with Personal Investments
Topic: Brand new here, what to do with $50K cash right now
Replies: 12
Views: 1765

Re: Brand new here, what to do with $50K cash right now

Can the underlined/bold parts of reply be explained? Thank you! Rather than which bucket, perhaps pick the combo that would give you an even amount with what you expect after age 70. If you will be in 12% bracket, then perhaps choose money from sources that will also bring you near top of, but not ...
by BL
Sun Jan 20, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Itinerant Worker Housing Deduction
Replies: 11
Views: 580

Re: Itinerant Worker Housing Deduction

I don't know the answer to your question, but do you have a single person 401k or IRA so you can make tax-deferred contributions up to some sort of maximum? If not, that might be a simpler solution.
by BL
Sat Jan 19, 2019 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Brand new here, what to do with $50K cash right now
Replies: 12
Views: 1765

Re: Brand new here, what to do with $50K cash right now

Rather than which bucket, perhaps pick the combo that would give you an even amount with what you expect after age 70. If you will be in 12% bracket, then perhaps choose money from sources that will also bring you near top of, but not above 12% bracket. The first amount is 0%, the amount of your sta...
by BL
Sat Jan 19, 2019 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidation of Multiple Retirement Accounts
Replies: 8
Views: 595

Re: Consolidation of Multiple Retirement Accounts

I do not understand the difference between government and university plans. A governmental 457b plan is very similar to standard 401k and 403b plans. The money is yours and can be rolled over to an IRA or another employer plan (401k, 403b, 457b, TSP, etc.) when quitting. A non-governmental plan is ...
by BL
Sat Jan 19, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Bank As Executor Of Will?
Replies: 26
Views: 1421

Re: Bank As Executor Of Will?

Frankly, I think you are being penny-wise and pound-foolish to avoid going to a lawyer in your case. (I avoid them myself as much as possible, though I admire those who contribute to Bogleheads!) I think a good lawyer could help you solve these problems, even if you have to pay more now. Agree to lo...
by BL
Fri Jan 18, 2019 2:46 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and looking for advice
Replies: 11
Views: 777

Re: New to the forum and looking for advice

You could use tax-free municipal bond funds in taxable at your higher income level.
by BL
Fri Jan 18, 2019 2:39 am
Forum: Investing - Help with Personal Investments
Topic: Investment switch without my knowledge
Replies: 4
Views: 579

Re: Investment switch without my knowledge

You don't list the ERs of your new 401k, but Vanguard funds are usually low-ER.
by BL
Fri Jan 18, 2019 2:24 am
Forum: Investing - Help with Personal Investments
Topic: No 401K match new employer
Replies: 22
Views: 1438

Re: No 401K match new employer

It is really easy to miss one or two really low-ER funds in the midst of lots of high-ER funds. If you list the ticker, name, ER of each fund you can have more eyes looking at it to see if there is a reasonable one in the bunch. Income limits for direct Roth contributions is 193k-203k for mfj. If hi...
by BL
Thu Jan 17, 2019 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Just Retired, need some help on what to do with my 401k
Replies: 18
Views: 2162

Re: Just Retired, need some help on what to do with my 401k

Every month you delay SS means you (and later your spouse or survivor) get an increased COLA'd SS for the rest of your life/lives. I know the increase is about 8%/year after FRA and maybe slightly less before FRA. Seems like your emergency fund plus the 40k in VIMAX would support quite a few years b...
by BL
Thu Jan 17, 2019 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: 57 yr old w/$14K
Replies: 24
Views: 3606

Re: 57 yr old w/$14K

From OP, He has debt What debt (+ interest rate)? or did you mean no debt? He needs to get the funds from the advisor. If an IRA, perhaps keep it in IRA as cash and transfer it to a bank with a decent rate of interest. The rest could be withdrawn as cash, and put in a decent savings account. Some lo...
by BL
Thu Jan 17, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security work only 1 quarter in a year
Replies: 6
Views: 723

Re: Social Security work only 1 quarter in a year

From above link: The amount of earnings it takes to earn a credit may change each year. In 2019, you must earn $1,360 in covered earnings to get one Social Security or Medicare work credit and $5,440 to get the maximum four credits for the year. Note it is income for the year, not reported by quarter.
by BL
Thu Jan 17, 2019 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Please recommend some funds that can serve as partners/substitues for Vanguard Total Bond Fund (VTABX) for TLH.
Replies: 8
Views: 636

Re: Please recommend some funds that can serve as partners/substitues for Vanguard Total Bond Fund (VTABX) for TLH.

For cash, I might consider Prime Money Market, which I believe pays 2.46% now and has actually outperformed total bond recently, and the NAV stays constant at $1/share.
by BL
Thu Jan 17, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to Get Competitive Quotes on O&G Tax Prep Fees
Replies: 17
Views: 954

Re: How to Get Competitive Quotes on O&G Tax Prep Fees

If I were a tax-preparer, I would turn away your business with those requirements or quote a very high price. Why change my business for a single patron, who, odds are, would be a problem as well? (Not saying you are, just that I would be leery of that.) Try doing last year's return with a last year...
by BL
Thu Jan 17, 2019 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: New guy here- almost 50 trying to help 70year old
Replies: 29
Views: 3736

Re: New guy here- almost 50 trying to help 70year old

Thanks for the update. Sounds like you have chosen a good simple plan. She or you might like to have a copy of How to Make your Money Last by Jane Bryant Quinn in case other questions come up. The author writes for AARP, has written for other magazines, has a website, and has written other good book...
by BL
Thu Jan 17, 2019 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Feel like a mark, but probably will do it (403(b) Variable Annuity)
Replies: 10
Views: 719

Re: Feel like a mark, but probably will do it (403(b) Variable Annuity)

If you mention exactly what it is, there may be folks who are knowledgeable about it.
by BL
Thu Jan 17, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 49
Views: 1675

Re: [Wash sale concern - Are these stocks substantially identical?]

Doc wrote:
Thu Jan 17, 2019 8:10 am
BL wrote:
Thu Jan 17, 2019 2:03 am
The IRS has issued essentially no guidance on evaluating mutual funds.
"Essentially" or "any"?
Not my quote!
by BL
Thu Jan 17, 2019 2:12 am
Forum: Personal Finance (Not Investing)
Topic: Ever encountered a toxic advisor? How did you handle it?
Replies: 25
Views: 3048

Re: Ever encountered a toxic advisor? How did you handle it?

Don't hesitate to "fire" someone who is rude and/or incompetent. It is your money.
by BL
Thu Jan 17, 2019 2:03 am
Forum: Personal Finance (Not Investing)
Topic: [Wash sale concern - Are these stocks substantially identical?]
Replies: 49
Views: 1675

Re: [Wash sale concern - Are these stocks substantially identical?]

I wouldn't buy any fund named Total Stock Market to replace same in TLH. I don't know if they follow the same index or not, and am definitely no expert here; they just sound too similar. Maybe an S&P 500 fund would be fine, or an active large cap. Oh, I see you are not planning to replace with these...
by BL
Tue Jan 15, 2019 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Roth v. Trad for retiring USAF colonel w/30 years active duty
Replies: 11
Views: 1027

Re: Roth v. Trad for retiring USAF colonel w/30 years active duty

With a large pension and kids I would lean toward Roth. However, you will be in a good place and can handle anything. Some like to use some traditional to bring down the tax rate, then Roth for the rest. Here is a Wiki page on Roth vs traditional: https://www.bogleheads.org/wiki/Traditional_versus_R...
by BL
Tue Jan 15, 2019 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Question moving from stock portfolio to VTI Total Stock Market Index
Replies: 15
Views: 917

Re: Question moving from stock portfolio to VTI Total Stock Market Index

It might be more complicated to sell off individual bonds before they mature. Then there may be costs involved. Perhaps if you start a new thread with a list of each bond and details, someone more knowledgeable may have some suggestions. Perhaps one option is to wait for each to mature, then buy a b...
by BL
Tue Jan 15, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Non-English speaking elderly care options
Replies: 12
Views: 696

Re: Non-English speaking elderly care options

Maybe a long shot, or too much change, but perhaps you can adapt some non-verbal computer (or paper) apps that are made for autistic or other non-verbal kids, or for adult stroke victims who cannot speak. A language program that you could use might be helpful as well. Even a few basic pictures could...
by BL
Tue Jan 15, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Potentially being laid off with a 401k loan
Replies: 12
Views: 1307

Re: Potentially being laid off with a 401k loan

Not the IRS, but a semi-responsible news article, mentions recent changes, etc:
https://money.usnews.com/money/retireme ... less-risky

Check out all your pay-back options now. Hoard cash as well.
by BL
Tue Jan 15, 2019 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Question moving from stock portfolio to VTI Total Stock Market Index
Replies: 15
Views: 917

Re: Question moving from stock portfolio to VTI Total Stock Market Index

Sell it all before it makes gains you will owe tax on. If you are sure it should all go into VTI, fine, buy it. If in doubt, or if you haven't considered your entire portfolio now , wait a bit until you are sure. No harm in leaving it short term in a money market or whatever. If you are sure you wan...
by BL
Tue Jan 15, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: Bogleheads-type forum for Genealogy Research?
Replies: 11
Views: 913

Re: Bogleheads-type forum for Genealogy Research?

Start gathering info on nearest ancestors and work back. Once you have what you can get on US data, go toward the country of origin. Some countries have more than others online. Norwegians, for example, have a lot online and organizations that concentrate on genealogy (search for "fellesraad" for li...
by BL
Tue Jan 15, 2019 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Please Point me Where to Look For an Advisor for My Mother:
Replies: 14
Views: 951

Re: Please Point me Where to Look For an Advisor for My Mother:

3 CDs at 3 different banks. At least she won't get fleeced. At 3%, that's $22.5k a year. I understand that many people think they can put $100k into some magical account and get $50k a year for life, but if the above number works, then it's the safe way to go. Yes, just don't let the banks talk you...
by BL
Tue Jan 15, 2019 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Please Point me Where to Look For an Advisor for My Mother:
Replies: 14
Views: 951

Re: Please Point me Where to Look For an Advisor for My Mother:

You might pick up a copy of How to Make your money last by Jane Bryant Quinn. (She also contributes to AARP articles.) The problem is how do you get someone with no conflict of interest? Other brokerages might suggest more costly non-index funds (exception being Vanguard) so I don't trust them for t...
by BL
Tue Jan 15, 2019 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Need Help - Taxable account a mess!
Replies: 31
Views: 3180

Re: Need Help - Taxable account a mess!

I am surprised she has an "accountant" at her low income. Sounds costly to me. Her taxes are a bit complicated because she has rental properties in PA, which need to be filed in both states. Not something she could do on her own really. Her income is low currently, but she's done ok with her real e...
by BL
Mon Jan 14, 2019 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Preservation of capital at Age 93
Replies: 26
Views: 3155

Re: Preservation of capital at Age 93

Congratulations on a live well-lived! I think you have done great, and would just enjoy life and a new car with no need to worry or second-guess your moves. You have simplified your life and that is worth a lot. There are many ways to manage investments, and no one knows ahead of time which is going...
by BL
Mon Jan 14, 2019 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Need Help - Taxable account a mess!
Replies: 31
Views: 3180

Re: Need Help - Taxable account a mess!

I think Taylor gave excellent advice. Let V PAS handle it for her and pull everything to V. Since everything in taxable is a loss, she could just sell it all and have the cash sent to her checking account. Then she could redeploy it to a Target Date fund at Vanguard and leave it alone. V Target fund...
by BL
Mon Jan 14, 2019 2:48 am
Forum: Investing - Help with Personal Investments
Topic: Looking for Advise
Replies: 5
Views: 593

Re: Looking for Advise

Also suggest you pick up Jane Bryant Quinn's book, "How to Make Your Money Last" and keep it on hand for a reference to any particular issue. Be sure your spouse is also keeping up on this. Jane has been writing articles in magazines now including AARP, and I saw her books in the library over the ye...
by BL
Mon Jan 14, 2019 2:07 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio HELP - time to stop the bleeding from AUM fee
Replies: 34
Views: 2379

Re: Portfolio HELP - time to stop the bleeding from AUM fee

I have had to unwind a taxable portfolio with similar messes. For your situation (high income/high tax brackets) for the forseeable future, I would first sell any holding, except Vanguard funds, with $10K or less of unrealized capital gains (for simplification/reduction of number of funds without m...
by BL
Sun Jan 13, 2019 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio HELP - time to stop the bleeding from AUM fee
Replies: 34
Views: 2379

Re: Portfolio HELP - time to stop the bleeding from AUM fee

You have received good advice. Perhaps you would like to list them in order of low to high $ gains to help in deciding which to dump first. Selling the low gains means you could get rid of more of them for the tax cost you accept and thus reduce the number of funds faster. For instance, if you are w...
by BL
Sun Jan 13, 2019 1:14 am
Forum: Investing - Help with Personal Investments
Topic: Please any advice? Asset allocation out of whack I think
Replies: 5
Views: 726

Re: Please any advice? Asset allocation out of whack I think

Thank you for the recommendations. When I do invest in bonds I’m wondering if all I need would be the vanguard total bond index for the bond portion of my portfolio just to simplify? And, is this a good time to invest in a bond fund. like I wrote earlier, I have never invested in bonds. The Vanguar...
by BL
Sat Jan 12, 2019 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Setting Up A Parent For Retirement
Replies: 18
Views: 1410

Re: Setting Up A Parent For Retirement

ok, her idea to repay and take hers now with SURVIVOR's SS at her FRA now makes sense. It would be worth checking into and doing it if she is willing to use her money to do this. Having the higher COLA-inflated SS will help in the future. There is a Boglehead here who recommends an adviser for a mod...
by BL
Sat Jan 12, 2019 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Setting Up A Parent For Retirement
Replies: 18
Views: 1410

Re: Setting Up A Parent For Retirement

I believe if she applies for SS before FRA, she will have applied for both her own and spousal SS, and cannot have just one. Perhaps check Mike Piper's book on Social Security, since everything changed just a few years ago and many are confused. She should be eligible for full Survivor's SS if spous...
by BL
Sat Jan 12, 2019 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: TSP vs IRA priority help
Replies: 21
Views: 1420

Re: TSP vs IRA priority help

I suggest Total International and Total Stock Market for both Roths (or even one in each for uneven results). Suggest you keep all desired bonds in TSP, along with C and perhaps S. 10, 12, or 22% tax savings on trad TSP contributions should yield an additional amount that you can also contribute to ...
by BL
Sat Jan 12, 2019 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: New member - close to retirement, and looking to simplify
Replies: 9
Views: 892

Re: New member - close to retirement, and looking to simplify

You might want to check out SS options. Things changed a couple years ago, and you also might be grandfathered in to some of the old rules, depending on what year you were born. Anyway, see if you can file for spousal at your FRA, while delaying your own until 70. One source is Mike Piper's book on ...
by BL
Sat Jan 12, 2019 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio HELP - time to stop the bleeding from AUM fee
Replies: 34
Views: 2379

Re: Portfolio HELP - time to stop the bleeding from AUM fee

First get/print the basis or unrealized gains for each item in taxable. Post so you can get suggestions on how to handle it. You might like to temporarily (1-2 years) use Vanguard PAS (0.3%/yr) to set up your account. With fund ERs of 0.04 to 0.11, total cost would be under 0.4%, compared with your ...
by BL
Fri Jan 11, 2019 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Life transition, what's next
Replies: 25
Views: 3189

Re: Life transition, what's next

No, at least before FRA, any application for SS would be applying for both self and/or spousal, so it would be a final amount. Agree that finding a place to live, not accepting responsibility (especially financial) for extended family, working a bit if possible, and delaying SS if possible is import...
by BL
Fri Jan 11, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Owning a house vs rent for me [Foriegner living in US - Singapore Citizen]?
Replies: 5
Views: 291

Re: Owning a house vs rent for me ?

I think the same advice regarding buying a house would apply to others who are not sure they will be staying put for 5-7 years at least. Renting is often the best solution, and is not "wasting money". Just because you can get a loan doesn't mean it is a smart buy. Buying a house is buying a lifestyl...
by BL
Fri Jan 11, 2019 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover Timing
Replies: 7
Views: 307

Re: 401k Rollover Timing

Do you have the right to transfer out of your 401k while working?
by BL
Fri Jan 11, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Owning a house vs rent for me [Foriegner living in US - Singapore Citizen]?
Replies: 5
Views: 291

Re: Owning a house vs rent for me ?

I suggest waiting at least until you get a green card, since there are too many "ifs" and selling in a hurry often means losing money. Here is a great little booklet for new investors and all of us: https://www.etf.com/docs/IfYouCan.pdf Above are Vanguard funds, but Fidelity or Schwab also have low-...
by BL
Fri Jan 11, 2019 2:49 am
Forum: Investing - Help with Personal Investments
Topic: 65 Whole life policy advice-help!
Replies: 15
Views: 1323

Re: 65 Whole life policy advice-help!

Since you are unsure, I suggest you contact the Vanguard website and follow directions for opening a Roth IRA and withdrawing funds from your bank account. You can put up to 5500 in for 2018 (assuming you earned that much) until tax day in April. Perhaps a Target Date fund or a Life Strategy Aggress...
by BL
Fri Jan 11, 2019 1:26 am
Forum: Investing - Help with Personal Investments
Topic: Complete Financial Overhaul - help!
Replies: 12
Views: 1513

Re: Complete Financial Overhaul - help!

Thanks people. I will continue to read. One of the issues I'm having with rolling my prior 401k into the 403b is the poor choice in bonds. There are only three bond choices: The Lord Abbett High Yield RG (LHYVX) at ER 0.06 The Vanguard Inflation Protected Securities (VIPIX) 0.07 Baird Aggregate Bon...
by BL
Thu Jan 10, 2019 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help deciding on transfer from taxable acct
Replies: 3
Views: 346

Re: Help deciding on transfer from taxable acct

There should be either paperwork or online records that show the unrealized Capital Gains. I expect there is little or no CG here. Bonds in general have not had much CGs lately. But the records should show that or a Basis. Here is the Morningstar page of performance: https://www.morningstar.com/fund...
by BL
Thu Jan 10, 2019 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Complete Financial Overhaul - help!
Replies: 12
Views: 1513

Re: Complete Financial Overhaul - help!

You can get some idea on prices for term at Term4Sale.com. Either there or a local INDEPENDENT insurance broker who would shop around highly rated companies for a good deal for you based on your health would be a good start. If they try selling permanent insurance, dump them! Suggest you read one or...
by BL
Thu Jan 10, 2019 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Advice welcome-VERY unusual circumstance: lien, NOL
Replies: 29
Views: 2865

Re: Advice welcome-VERY unusual circumstance: lien, NOL

Thanks for the update. You have done well and will succeed in this difficult endeavor with your dedication. You are a real inspiration on overcoming difficulties! A lot of people with relatively minor debts could really learn from your example of sticking to your plan.