Search found 7099 matches

by BL
Fri Aug 18, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know how much your portfolio lost/gain in one day?
Replies: 28
Views: 943

Re: How do you know how much your portfolio lost/gain in one day?

In your Vanguard account go to : Balances and Holding s" there is a tab for "Balances compared to year end " and one for "Balances by Date "..You can change the date to any date you want. +1 We just go into Balances and Holdings, and under the tab, Current Balances, it shows each account fund with ...
by BL
Fri Aug 18, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Survivor Benefit or Life Insurance -teenage daughter
Replies: 18
Views: 989

Re: Pension Survivor Benefit or Life Insurance -teenage daughter

It sounds like a fabulous inheritance gift to her: a COLAd annuity for life! If you can get by with a somewhat lowered amount, why not? If you don't depend on the income, perhaps consider the 100% also. You could still get a term life to cover her through college or so. It might depend on the trust ...
by BL
Fri Aug 18, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone roll their tIRA into the TSP?
Replies: 21
Views: 688

Re: Anyone roll their tIRA into the TSP?

A quick check (for last year) might be to look at the W-2 and see if the Pension Plan box is checked. If it is telling the IRS that you have a Plan, then it would require some effort to convince IRS otherwise. The TSP has the lowest cost around. Have you considered a Roth TSP if you refuse to do tra...
by BL
Fri Aug 18, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: moving myself and wife to Vanguard [how?]
Replies: 5
Views: 323

Re: moving myself and wife to Vanguard [how?]

IRAs are Individual accounts and cannot be put into a joint taxable account without paying tax and penalty on the entire amounts, which I am sure you don't want to do. You would set up separate IRA accounts for each + a taxable account at Vanguard and have V pull the IRAs + taxable account from A, e...
by BL
Fri Aug 18, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for Mom's portfolio
Replies: 9
Views: 442

Re: Asset allocation for Mom's portfolio

I would look at her tax return to see how much non-qualified dividends and also qualified dividends and CGs she has from investments as well as look up the Capital Gains to sell for each investment. There may be a trade off between the two. Total Stock market, for example, gives off ~2% qualified d...
by BL
Fri Aug 18, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 7
Views: 385

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

If your income is below the Roth limit, you can contribute to Roth (no tax deduction). Can't easily do Backdoor Roth with another IRA.
by BL
Fri Aug 18, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for Mom's portfolio
Replies: 9
Views: 442

Re: Asset allocation for Mom's portfolio

I would look at her tax return to see how much non-qualified dividends and also qualified dividends and CGs she has from investments as well as look up the Capital Gains to sell for each investment. There may be a trade off between the two. Total Stock market, for example, gives off ~2% qualified di...
by BL
Thu Aug 17, 2017 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuities for 62 Y/O
Replies: 14
Views: 954

Re: Variable Annuities for 62 Y/O

You don't mention whether you are drawing SS or not. Delaying SS may be the one good way to buy a COLA-increasing annuity; you could live off a small amount of your 401k/IRA while postponing SS to get maybe 6-8% increases/year in SS. Whether this is a good idea may depend on whether one is in good h...
by BL
Wed Aug 16, 2017 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuities for 62 Y/O
Replies: 14
Views: 954

Re: Variable Annuities for 62 Y/O

Do not get a variable annuity under present (and projected) tax law. 40% of my net worth is imprisoned in a variable annuity so I know what I am talking about. Roll your 401k into a t-IRA with a 1035 transfer instead. And NEVER put a variable annuity within an IRA under any circumstances. Why? Any ...
by BL
Wed Aug 16, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 34
Views: 6174

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

If your husband has been paying in to Social Security, he may be eligible to get SS disability and should make that attempt ASAP as it takes a while. Also, child survivors and their mother if not earning too much may get substantial SS payments based on his working until age 65, even if he dies youn...
by BL
Wed Aug 16, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio for 24 year old
Replies: 17
Views: 1514

Re: Vanguard Portfolio for 24 year old

No, not as simple as a Roth IRA. If you had enough in there, maybe a loan or being fired might do it.
by BL
Wed Aug 16, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: RMDs
Replies: 4
Views: 651

Re: RMDs

Pretty hard to tell without knowing your holdings. Usually folks have some bonds in their retirement accounts. Are you saying you only have stock funds? Is it in a 457 or IRA? It probably doesn't matter a lot how you do it. Some convert RMD amount to cash early in the year (including not re-investin...
by BL
Wed Aug 16, 2017 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Victor Mcclure, Financial Advisor in the Dallas Area
Replies: 6
Views: 849

Re: Victor Mcclure, Financial Advisor in the Dallas Area

Never do your investing with an insurance agent. They will sell you expensive insurance products that give them a high commission, which you will pay for one way or another. If you try to get out within a number of years, you will be charged high surrender fees because you are the one who pays the c...
by BL
Wed Aug 16, 2017 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Taking over from financial advisor - help getting off the ground
Replies: 13
Views: 1197

Re: Taking over from financial advisor - help getting off the ground

I would seriously consider Duckie's recommended portfolio. He consistently does a good job at it.
by BL
Tue Aug 15, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Taking over from financial advisor - help getting off the ground
Replies: 13
Views: 1197

Re: Taking over from financial advisor - help getting off the ground

Hi all - I have been trying hard to educate myself and plan to take over management of our portfolio. We currently have a financial advisor managing the majority of our portfolio, for a 1.25% annual fee. Now that I have some basic knowledge and idea of how I want to manage it, I would love some hel...
by BL
Tue Aug 15, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Planning for my Wife - Introductory Post & First Question
Replies: 23
Views: 2922

Re: Planning for my Wife - Introductory Post & First Question

It might make sense to start using the HSP now, as that won't affect AGI. All those receipts might be easier for you to tackle now, if you are able or can direct someone else. It can work for Medicare Part B, for example, as well. I can't remember about other health insurance. I'm sure you meant HS...
by BL
Tue Aug 15, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio for 24 year old
Replies: 17
Views: 1514

Re: Vanguard Portfolio for 24 year old

It would be important to list the ERs (Expense Ratio) of the funds in your 401k. Nevertheless, if the Target fund is under 0.2-0.5%, I would stick with it and dump the rest. Total is a good word to look for; that includes the stocks in each stock fund. There is a lot of reading in the Wiki here, wit...
by BL
Tue Aug 15, 2017 12:22 am
Forum: Investing - Help with Personal Investments
Topic: Which Audible book for Mom to convince her to get away from Raymond James
Replies: 19
Views: 1751

Re: Which Audible book for Mom to convince her to get away from Raymond James

I did a search for Jane Bryant Quinn videos and got some videos and interviews that might be useful since her book, How to make your money last, is a great resource for retirees.
by BL
Mon Aug 14, 2017 10:29 pm
Forum: Personal Consumer Issues
Topic: ipad or tablet for hospital?
Replies: 31
Views: 2004

Re: ipad or tablet for hospital?

The more I think about it, the more I feel she would do well to keep what she is familiar with. It probably depends on her condition and also on her comfort with technologies. I am using an Ipad now, but I prefer a keyboard. It got better when I discovered Chrome so I don't have to use Safari, which...
by BL
Mon Aug 14, 2017 6:36 pm
Forum: Personal Consumer Issues
Topic: ipad or tablet for hospital?
Replies: 31
Views: 2004

Re: ipad or tablet for hospital?

Great ideas! I would also consider a small Chromebook for low cost and no viruses or uploads to deal with. Can she try some of these things ahead of time to see what works for her? It is no fun to learn complicated things in the hospital.
by BL
Mon Aug 14, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: All in stocks: Where to go now?
Replies: 24
Views: 2161

Re: All in stocks: Where to go now?

https://www.etf.com/docs/IfYouCan.pdf
is a pdf made for young investors by a recommended author.
The 3 funds are the total markets and 1/3 to each helps until you have lived through a crash.
There is a lot more great info here as well.
by BL
Sun Aug 13, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing, any portfolio advice (Roth IRA) is much appreciated!
Replies: 13
Views: 971

Re: New to investing, any portfolio advice (Roth IRA) is much appreciated!

Here is a quick read to get you started investing: https://www.etf.com/docs/IfYouCan.pdf Vanguard funds are great if you are at Vanguard. (ETFs may be available elsewhere.) The balanced funds are not available without cost elsewhere, AFAIK. It is ok to play with, say, 5% of your investments as long ...
by BL
Sun Aug 13, 2017 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Wife's 401K
Replies: 5
Views: 432

Re: Advice on Wife's 401K

If she wants 60% bonds, then her choices are fine. You don't say what the ERs are, but if they are similar to low Vanguard ERs, they are reasonable. She may or may not do better with Total (US) stock, total international stock, and total bond, even if they are available. (International has only been...
by BL
Sun Aug 13, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Personal Loan?
Replies: 19
Views: 1236

Re: Personal Loan?

Consider selling the truck to get, buying a much cheaper vehicle, and using any left over equity to pay down the credit cards. I am a believer in spouses merging finances and making joint financial decisions. So when one spouse runs up debt without the knowledge/approval of the other, the spouse wh...
by BL
Sun Aug 13, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawal Options?
Replies: 10
Views: 1112

Re: Withdrawal Options?

You will want to convert directly to Roth IRA, not withdraw and then "contribute" to Roth, which is a separate type of contribution. Edit for correction If you or spouse are earning money, you may still contribute $ 5500 6500 /year directly to a Roth. Use a tax program to try "what if" ideas, not ju...
by BL
Sat Aug 12, 2017 8:59 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3080

Re: Public vs Private Elementary

Can you get started volunteering at your local public school this year, even if your kids are not yet there? Unless you are more confident in the school, it will rub off on your kids and that will not be good. Maybe you could give up some money and start them this fall (or winter) anyway. I would wa...
by BL
Sat Aug 12, 2017 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: TSP only vs TSP and Vanguard IRA
Replies: 19
Views: 1072

Re: TSP only vs TSP and Vanguard IRA

I believe you can roll over TSP directly to IRA when you retire. That would leave no question about withdrawals from TSP. I am not saying that is the best choice. Having money in low-ER TSP, and having excellent bond choice there, may be much more important. So I would not clean out the TSP in case ...
by BL
Sat Aug 12, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Can we slow down then retire?
Replies: 25
Views: 3924

Re: Possibilities after surprise inheritance?

Seriously consider health insurance for that many years. If you can't get it from employer, it may be very costly. Ideally, the higher income person should wait until age 70 for maximum COLAd lifetime income as long as one of them lives. If you haven't worked 35 years under SS, there would be zeroes...
by BL
Sat Aug 12, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Will vs Living Trust
Replies: 59
Views: 5327

Re: Will vs Living Trust

I too live in MN and struggle a bit with the will versus trust issue. In Minnesota the estate you describe will pass to the wife without any estate tax nor probate if you have everything titled corrected and have beneficiaries payable on death or transfer on death on all accounts. I have been told ...
by BL
Sat Aug 12, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: How much Roth conversion?
Replies: 14
Views: 1141

Re: How much Roth conversion?

If you want to get really close to the top of the 15% bracket without going over it, or just really close to top of 10% bracket, I suggest you get a last year's real tax program (such as Turbo Tax or H&R Block-some should be really cheap now) and run the figures more exactly. There could be lower-in...
by BL
Fri Aug 11, 2017 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance for grandpa? liability risk or higher rate
Replies: 11
Views: 679

Re: Car insurance for grandpa? liability risk or higher rate

I might give him the car and pay liability on his car. Why not list your spouse as second driver on your car? By the way, do you have umbrella insurance? It could be a good general idea to give you extra liability protection. Maybe someone more experienced will add something here. You can each gift ...
by BL
Fri Aug 11, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for my Wife - Introductory Post & First Question
Replies: 23
Views: 2922

Re: Planning for my Wife - Introductory Post & First Question

I think you are smart to delay SS as long as possible. It, and survivor payments, keep increasing up to 8%/year until age 70. If she is a survivor she will have choices to make, since survivor benefits can start as early as age 60, but would be lower than waiting until FRA. If she is eligible for he...
by BL
Fri Aug 11, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 49
Views: 4203

Re: Physician & Real Estate investor seeks advice

As to above topic, if you do a backdoor Roth, you are converting non-deductible IRA to Roth IRA, and there are no taxes due (assuming you have no gains and no non-Roth IRAs laying around.) You will fill out a form 8606 with your 1040, which calculates and shows you and the IRS that no, or almost no,...
by BL
Fri Aug 11, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: 401k + ira + roth = confused
Replies: 28
Views: 2110

Re: 401k + ira + roth = confused

Does your spouse have a current 401k also? Then she could do the same.
by BL
Fri Aug 11, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: S&P Indexed Life Insurance
Replies: 10
Views: 669

Re: S&P Indexed Life Insurance

I agree that your insurance person has a conflict of interest in recommending one of their products which generates a big commission for him. Perhaps consider calling the Vanguard annuity folks to see about converting to their lower-cost annuities. I think they can be trusted to give you straight in...
by BL
Fri Aug 11, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16238

Re: Life at crossroads. What would you do ?

OP's reluctance to move to a LCOL is not uncommon, at least not among educated immigrant community. Having lived in this country for a little over 10 years, and with a good number of friends and family members working in Tech industry, my observation is that folks living in HCOL areas such as Bay A...
by BL
Thu Aug 10, 2017 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help Adjusting Portfolios
Replies: 9
Views: 626

Re: Help Adjusting Portfolios

With your previous experience, I think you should read a bit about what Bogleheads is all about. You need to follow suggestions that make sense to you or you will drop them and be in worse shape than before. The Wiki has some suggested reading. Bogle's books or Bogleheads books come to mind. I like ...
by BL
Thu Aug 10, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: "Upper Middle" Class - ditch WLI or ride it?
Replies: 32
Views: 5480

Re: "Upper Middle" Class - ditch WLI or ride it?

https://www.etf.com/docs/IfYouCan.pdf is a pdf written just for new investors. It is a great short read of most of the things you need to know. Be sure to read the last Hurdle about advisors. There is lots of good reading in the Wiki here, along with recommended books. Bogleheads guide to Investing...
by BL
Thu Aug 10, 2017 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16238

Re: Life at crossroads. What would you do ?

Perhaps you could learn to program in the FARGO language :twisted: (Sorry, couldn't resist). I hope a little levity is a good thing as you adjust to your stressful job loss. FARGO (Fourteen-o-one [IBM 1401] Automatic Report Generation Operation) was the predecessor to the popular RPG programming lan...
by BL
Thu Aug 10, 2017 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Do I have enough to retire-retire from the military
Replies: 42
Views: 3524

Re: Do I have enough to retire-retire from the military

Regarding #6 in IMO's post above...I took SBP at less than the max. Now, at age 72, I wish I had taken the full amount. My wife will still be OK if I predecease her, but there is money in the portfolio that I have to mentally "fence" for her potential future living expenses. If I'd spent a bit more...
by BL
Wed Aug 09, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16238

Re: Life at crossroads. What would you do ?

Isn't Fargo the same city that gets portrayed in movies and TV serials repeatedly as a desolate frozen tundra full of humorless people with funny accents many of who are serial killers and gangmembers dreaming of new schemes for grim murders like shoving you alive in a wood chipper or gluing your m...
by BL
Wed Aug 09, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: total stock market in 401k, rothIRA and taxable- tlh/wash sale?
Replies: 3
Views: 265

Re: otal stock market in 401k, rothIRA and taxable- tlh/wash sale?

https://www.bogleheads.org/wiki/Tax_loss_harvesting#When_not_to_harvest_losses Most don't consider 401k, as IRS has not mentioned it. With Taxable and IRAs, if you buy within a 1 month period before or after selling for a loss, that amount is considered a wash, and that small amount could not be cl...
by BL
Wed Aug 09, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16238

Re: Life at crossroads. What would you do ?

Tough decisions ahead. 3 hours of commuting per day? Sorry, no way. You have $2 million saved. That gives you options. You can use taxable to pad your wife's income until you make a decision. You rent and have bad public schools. That would make relocating much easier for me. On your wife's salary ...
by BL
Wed Aug 09, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Recently Married - should we file jointly or separately?
Replies: 18
Views: 1235

Re: Recently Married - should we file jointly or separately?

You didn't mention itemizing deductions or not. You both have to choose the same method in MFS: either both itemize or both use SD. I believe you could do traditional IRA if you choose, not deducting if your income is too high for deductible. Better yet, spend a little less, and try to maximize your...
by BL
Tue Aug 08, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Moving away from EJ to where?
Replies: 28
Views: 2255

Re: Moving away from EJ to where?

I suggest you look up all those taxable funds either in your statements or at your online account page to find out your cost basis so you don't lose any info while moving, and to help you decide if and when to sell based on tax cost. If they were purchased less than a year ago (or some were reinvest...
by BL
Mon Aug 07, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 31
Views: 4125

Re: Helping my parents with their retirement

Single life annuity: $2897 50% Joint and Survivor Annuity: $2867 / $1433 There may be something wrong with the second line, as the first (single) amount is the very close in both. If not, that is a very good deal. Is there a bounce-back to single if spouse dies first? I am amazed at the thinking pr...
by BL
Sun Aug 06, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 31
Views: 4125

Re: Helping my parents with their retirement

https://www.immediateannuities.com/information/annuity-rates-step-1.html According to my results, (please run them yourself) the lump sum of 493k would give a single life annuity at $2357/month, compared to the pension of Single life annuity: $2897. That suggests the pension is probably a better de...
by BL
Sun Aug 06, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Using a donor-advised fund to minimize taxes
Replies: 23
Views: 1335

Re: Using a donor-advised fund to minimize taxes

Keep in mind that once you reach age 70.5, QCDs may become your preferred method of making donations. Don't forget that at age 70.5+, you can use qualified charitable distributions up to 100k/year from your traditional IRA to give to charity with no tax on that IRA distribution. Using this for a pa...
by BL
Sat Aug 05, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Dad as Investment Advisor for Kids
Replies: 28
Views: 1841

Re: Dad as Investment Advisor for Kids

Perhaps you could all read this little pdf for new investors: https://www.etf.com/docs/IfYouCan.pdf If you have a complicated assortment of funds, I don't blame them for not wanting to take over. If funds are 3-fund portfolio (see Wiki or pdf) or a Target Date fund, they should be able to take over ...