Search found 8350 matches

by BL
Fri Nov 16, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage payoff given new 2018 tax code
Replies: 11
Views: 928

Re: Mortgage payoff given new 2018 tax code

ltiku, it sounds like you are way on top of this...and should probably be offering rather than asking advice here. (How's that for a welcome?) If the illiquidity premium seems to answer for its risk, on a commitment of this scale, then go for it. Do think about gift bunching with a DAF since you wi...
by BL
Fri Nov 16, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need a financial advisor?
Replies: 7
Views: 340

Re: Do I need a financial advisor?

No, you don’t need an advisor. There are all-in-one funds that are inexpensive and basically do the investing for you. Target Date Retirement funds change their allocation over time as you get closer to retirement to be more conservative: https://www.bogleheads.org/wiki/Target_date_funds Less stock...
by BL
Fri Nov 16, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Off- How Does This Look?
Replies: 6
Views: 505

Re: Starting Off- How Does This Look?

Keep it totally separate from 401k.
Search for backdoor Roth in Wiki.
by BL
Fri Nov 16, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: MM vs Bonds vs CDs for a 69 year old
Replies: 4
Views: 600

Re: MM vs Bonds vs CDs for a 69 year old

With $40k already dedicated to Vanguard Federal Money Market Fund (VMFXX) and $30k for individual stocks, for better diversification I suggest simply using Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) for the last $25k. However "quick and easy access" doesn't require use of a money...
by BL
Fri Nov 16, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: TRYING TO DECIDE FUTUTRE INVESTMENTS
Replies: 8
Views: 399

Re: TRYING TO DECIDE FUTUTRE INVESTMENTS

Beware! It is great income for the salesman! Delaying Social Security is the best way to buy a COLA-enhanced annuity. Pensions are other good annuities. SPIAs are about the only other good annuities worth considering, IMO, assuming you need more guaranteed income for basic needs. Index probably does...
by BL
Fri Nov 16, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: Question about Roth conversion
Replies: 27
Views: 1202

Re: Question about Roth conversion

You will have no tax on 15% of a bigger hunk of SS money if you wait.
by BL
Fri Nov 16, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 43
Views: 3317

Re: Northwestern Mutual nightmare - help needed

Jane Bryant Quinn has a recent book that is more up to date than "Making the Most of Your Money Now" . They are both excellent and I have read both several times. (Well, big parts of them.) The new one is "How to Make Your Money Last, The Indispensable Retirement Guide" and certainly worth buying. ...
by BL
Fri Nov 16, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account - Cost basis - specID or Avg
Replies: 7
Views: 395

Re: Taxable account - Cost basis - specID or Avg

I changed mine to Spec. Id, just in case I want to tax-loss-harvest (TLH) the lots (purchases) that have a loss. I reinvest dividends but it does leave you with a bunch of lots. Tax reporting is required for your broker so information should be there when you need it. However, if TLH is in your futu...
by BL
Thu Nov 15, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Keep voluntary life through employer at 58 / 60 years old?
Replies: 6
Views: 358

Re: Keep voluntary life through employer at 58 / 60 years old?

Talk to an independent insurance broker who will check several companies, or check term4sale.com online.
by BL
Thu Nov 15, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Young Professional...No Safe Investment? Pay off Debts?
Replies: 22
Views: 1457

Re: Young Professional...No Safe Investment? Pay off Debts?

I think it would be important to look into setting up a 401k for your business so you can defer taxes on a lot of money. There is a comparison of some types here at Vanguard (not recommending V for this-no knowledge). https://investor.vanguard.com/small-business-retirement-plans/comparison If you do...
by BL
Thu Nov 15, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Question about Roth conversion
Replies: 27
Views: 1202

Re: Question about Roth conversion

Newly retired without about 3 years before RMDs kick in. Wife still works, but our tax bracket will drop to 12%. As a result, I am thinking of converting as much of my traditional IRA to a Roth as reasonable since my tax bracket will be higher later. Questions: 1. Is this a good strategy (anything ...
by BL
Thu Nov 15, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Should I fund a 401k by drawing down a taxable account?
Replies: 16
Views: 781

Re: Should I fund a 401k by drawing down a taxable account?

Each of us has to do what makes sense to us now. The expression I have read here, "there are many ways to Dublin" comes to mind. You are doing well. Since you are planning future taxes, have you also included what happens when the first of a couple dies? In our case, we would go from 12% to 22% (or ...
by BL
Thu Nov 15, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: In Grad school but work at a hotel which likely will be my career. Retirement?
Replies: 7
Views: 745

Re: In Grad school but work at a hotel which likely will be my career. Retirement?

You could do a roll-over to an IRA at Vanguard, Fidelity, or ??, or even a bank IRA, when you leave. A Target date fund if you will have >$1000, or an ETF if less, should be fine. Usually that could also be rolled into a 401k where you are currently working.
by BL
Thu Nov 15, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Any space heaters that automatically maintain a temperature in a room!
Replies: 32
Views: 2564

Re: Any space heaters that automatically maintain a temperature in a room!

Trism wrote:
Tue Nov 13, 2018 1:10 pm
Get an electric blanket.

+1
by BL
Thu Nov 15, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should I fund a 401k by drawing down a taxable account?
Replies: 16
Views: 781

Re: Should I fund a 401k by drawing down a taxable account?

Yes, I believe so.
Do you also max Roth IRAs?
by BL
Thu Nov 15, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with RMD - 91 Year Old Mom
Replies: 18
Views: 1345

Re: What to do with RMD - 91 Year Old Mom

If she does gift to charity, the QCD plan is terrific for RMDs. Anyway, it is a good idea to be aware of it, and find out if she gives to church or other charity. There is no tax on QCD withdrawals, and they can be used in lieu of some/all of the RMD if done before RMDs are completed. I simply call ...
by BL
Wed Nov 14, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 43
Views: 3317

Re: Northwestern Mutual nightmare - help needed

... With the annuity, you probably should determine how much of a taxable gain would you have on it. Personally, I'd be tempted just to surrender the thing, depending on the numbers.... Thanks for your insight! I'm trying to figure out how much I would owe. I am nearly 3 years into the annuity, so ...
by BL
Wed Nov 14, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Brand New to Boggleheads, Thoughts on my stocks?
Replies: 12
Views: 633

Re: Brand New to Boggleheads, Thoughts on my stocks?

The philosophy here is that you should not invest in individual stocks due the high risk. Look at Enron, Sears, ge, etc. you should invest in a broad index of passive mutual funds. Read this guide https://www.etf.com/docs/IfYouCan.pdf Then read the bogleheads wiki. https://www.bogleheads.org/wiki/G...
by BL
Wed Nov 14, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: sony TV XBR49X900F $1K vs a cheaper alternative Samsung $330
Replies: 18
Views: 873

Re: sony TV XBR49X900F $1K vs a cheaper alternative Samsung $330

Is Mom paying for it? If so, consider her wishes, but maybe give her some alternatives. If you are paying, then it is a different story. Try to find out what she is looking for, and how she came up with this model. Do what you can afford, as well as your best judgement. I am older than she is, but w...
by BL
Wed Nov 14, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 43
Views: 3317

Re: Northwestern Mutual nightmare - help needed

I doubt you even have a gain on the annuity. Surrender charges have to recoup the commission received by the salesman. There might be a lesser charge at your next anniversary of purchase. Call the company and ask how much you get when you surrender. Remember that what you put in is subtracted from t...
by BL
Wed Nov 14, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Interested in filing my own taxes
Replies: 9
Views: 877

Re: Interested in filing my own taxes

Re: dependent care: https://turbotax.intuit.com/tax-tips/family/deducting-summer-camps-and-daycare-with-the-child-and-dependent-care-credit/L8aAzvmjB I have forgotten the IRS form for the credit, but search IRS for it. Believe you need caregiver's SSN and statement of charges. Can't double-dip same ...
by BL
Wed Nov 14, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 1893

Re: Investment advisors- is regulatory burden higher on fiduciaries?

If the adviser is charging a 1%, they may be using F-shares from American funds. This class of shares does not carry a load or charge a 12b-1 fee. From the American Funds site : Class F-1, F-2, F-3 and 529-F-1 shares: You pay an asset-based fee for F-1, F-2, F-3 or 529-F-1 shares based on your fina...
by BL
Wed Nov 14, 2018 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Brand new to the forum, getting a plan ready for my finances
Replies: 2
Views: 418

Re: Brand new to the forum, getting a plan ready for my finances

I think "bond" could be considered "fixed income" which certainly includes cash (money market, CDs, higher-interest savings, etc.). You are young enough to wait out the increasing bond yields/bond losses of NAV, but I think cash equivalents are also fine. The 3-fund portfolio, total stock, internati...
by BL
Tue Nov 13, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Q: Post Retirement Roth Contribution (Vanguard) & Earned Income Requirement
Replies: 14
Views: 699

Re: Q: Post Retirement Roth Contribution (Vanguard) & Earned Income Requirement

If you had mentioned a working spouse here, your question would have been answered easily. Either spouse's compensation counts toward Roth eligibility. It sounds like you have a working spouse.
by BL
Tue Nov 13, 2018 7:44 pm
Forum: Investing - Theory, News & General
Topic: Investment advisors- is regulatory burden higher on fiduciaries?
Replies: 51
Views: 1893

Re: Investment advisors- is regulatory burden higher on fiduciaries?

Why not just move every American Fund to Vanguard and avoid the 1% fee + buying and selling? If they are good enough, just hang onto them, don't keep buying and selling. This also avoids being sold annuities, etc. I don't see why you are bothering with this fiduciary business. He probably wouldn't c...
by BL
Tue Nov 13, 2018 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Getting started investing
Replies: 6
Views: 521

Re: Getting started investing

Hey all, this is my first post here and I am just trying to figure things out with my finances and investing, so I apologize for the long post! My wife just recently graduated and started her first job, and my job was just outsourced to another company (my whole team got sent to this new company, b...
by BL
Tue Nov 13, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 88
Views: 11290

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

Have you considered a balanced fund that requires no rebalancing or even looking at it? Perhaps a Life Strategy moderate (60/40) or target date fund of desired bond %, (or tax-managed balanced fund if high income). Find something close enough and leave it alone. Things will fall even more at some un...
by BL
Tue Nov 13, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Options-reallocation help
Replies: 4
Views: 208

Re: 401k Options-reallocation help

These are the funds that many would suggest you use in this plan. Vanguard 500 Index Adm VFIAX 0.04% Vanguard Small Cap Index Adm VSMAX 0.05% Vanguard FTSE All-World ex-US VFWAX 0.11% Vanguard Total Bond Market Index Adm VBTLX 0.05% Vanguard Total Intl Bond Index Adm VTABX 0.11% Which ones you woul...
by BL
Tue Nov 13, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 49
Views: 4753

Re: Is maxing out Tax defered 401(k) enough?

See Backdoor Roth in the Wiki for information.
Emergency fund seems small. 3-6 months expenses minimum.
Keep visiting public school as much as possible. It may be great.
Don't try to keep up with neighbors.
Private school spending is often much greater than tuition alone.
by BL
Tue Nov 13, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Q: Post Retirement Roth Contribution (Vanguard) & Earned Income Requirement
Replies: 14
Views: 699

Re: Q: Post Retirement Roth Contribution (Vanguard) & Earned Income Requirement

Wait until you receive your W-2 in Jan-Feb so no doubts. You have until April to get it done.
Invest in taxable now if you wish.
by BL
Tue Nov 13, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: HSA option only has in-network benefits, open enrollment dilemma
Replies: 3
Views: 469

Re: HSA option only has in-network benefits, open enrollment dilemma

All-in-all, the triple tax savings is certainly a nice little bonus (I am a huge fan!) but it's not THAT much money ... so don't overly jeopardize your access to the doctors you want and / or need. +1 Will you be mostly dependent on SS in retirement? Both FSA and HSA, AFAIK, don't add to SS. This c...
by BL
Mon Nov 12, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 2927

Re: Social Security Claiming Strategy - Seeking Confirmation

There are unknowns as long as you don't know how long each of you will live. If you are looking for longevity coverage for the longest-lived spouse, I think higher income person waiting until age 70 would cover that. Considering only total dollars, it might be different. Perhaps with all the unknown...
by BL
Sun Nov 11, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 2927

Re: Social Security Claiming Strategy - Seeking Confirmation

Mike Piper has a book on SS updated with the latest tax changes. I suggest you get that, but be sure it is the up-dated one. Also search for his comments about SS in the Boglehead's search engine since the law change. There were major changes with the newer SS law; I am not sure any more what is cor...
by BL
Sat Nov 10, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Stop paying on life insurance policy?
Replies: 33
Views: 2453

Re: Stop paying on life insurance policy?

A surviving spouse can file as Qualifying Widow/er for 2 years if she has dependent children.
by BL
Fri Nov 09, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4800

Re: Doing taxes by hand

Good idea but find a free way to also calculate online or lower cost download as a check.
Spouse does ours by hand and I check with H&R Block bought on sale. Nice to see they both check out.
by BL
Fri Nov 09, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Convinced wife to invest but wants her own accounts
Replies: 22
Views: 3368

Re: Convinced wife to invest but wants her own accounts

Why a ROTH IRA and Taxable only? Does she have access to a Traditional and Roth 401k/403b/457? Why are they not part of the discussion about putting money away? My wife keeps telling me she wants to start saving some money on her own and I have to keep reminding her that she already has about $250k...
by BL
Fri Nov 09, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Lowest Cost GPS-Capable Device for Senior Citizen
Replies: 18
Views: 1005

Re: Lowest Cost GPS-Capable Device for Senior Citizen

If you get a Garmin, don't forget to register it so you can get map updates later!
by BL
Fri Nov 09, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: How to correctly determine if Roth IRA need to be backdoor or not?
Replies: 5
Views: 625

Re: How to correctly determine if Roth IRA need to be backdoor or not?

Thanks for the response. Finally overcoming inertia, I'm going through the Roth IRA steps this upcoming week. 1. Is Vanguard still the preferred brokerage account? I plan to max out $5.5k*2 for 2018 this month and immediately do $6k*2 in 2019 in January. Going with the 3 lazy fund (60(US stocks)/20...
by BL
Fri Nov 09, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA and/or Solo 401K
Replies: 9
Views: 340

Re: Traditional IRA and/or Solo 401K

I wonder if he could roll his Trad.IRA into his new 401k (I don't think Vanguard allows it.)

Then he could do the trad-to-Roth (see backdoor Roth in Wiki.) if high income.
Otherwise he would be doing pro-rated conversion to Roth and would owe tax on most of it.
by BL
Thu Nov 08, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: Lowest Cost GPS-Capable Device for Senior Citizen
Replies: 18
Views: 1005

Re: Lowest Cost GPS-Capable Device for Senior Citizen

A stand-alone Garmin or similar might be simplest.
Anyone's used smartphone could be set up, off-line cheap, or low-cost provider.
Tracfone has $30 smartphone online that I used for a year to try it out. GPS was handy in a strange city.
by BL
Thu Nov 08, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Expat Mexico sold U.S. home, best way to invest money safely for year or two
Replies: 5
Views: 910

Re: Sold home, best way to invest money safely for year or two

You might try adding ex-pat Mexico to your title to find interested parties.
by BL
Thu Nov 08, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Garden SFCU 4% 4-year CD, 6 month EWP
Replies: 35
Views: 2432

Re: Thoughts on Garden Savings FCU CD (2yr-2% & 4yr-4%)

Ally 11 month with no early break penalty 2.1% 12 month 2.5% ... you should check their products. Thanks midareff. That's currently what I have. Are these 3% and 4% worth considering? The DFA/Swedroe approach with CDs is to the purchase the longest term CD up to the point where going one year furth...
by BL
Thu Nov 08, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Garden SFCU 4% 4-year CD, 6 month EWP
Replies: 35
Views: 2432

Re: Thoughts on Garden Savings FCU CD (2yr-2% & 4yr-4%)

Just got an email from PenFed CU about their 2.71% 1-yr rate. I am sticking to 1-yr for now with rates increasing.

Vanguard Prime MM is now 2.22% and Federal MM is 2.11% SEC rate.
by BL
Wed Nov 07, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Inherited IRA RMD strategy
Replies: 12
Views: 980

Re: Inherited Inherited IRA RMD strategy

Are you maximizing all retirement accounts if working?
by BL
Wed Nov 07, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: What to do with windfall
Replies: 34
Views: 2648

Re: What to do with windfall

In the case as you described, I can see funding her Roth as a way of honoring her benefactor, yet still being available for real emergencies (contribution only). That would delay the loan pay-off a bit, so it is more emotional than practical.

Check into that HSA debt payoff.
by BL
Wed Nov 07, 2018 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Expat Mexico sold U.S. home, best way to invest money safely for year or two
Replies: 5
Views: 910

Re: Sold home, best way to invest money safely for year or two

Not sure V is the right place for an ex-pat, according to what I have read here.
by BL
Wed Nov 07, 2018 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Should I wait to deposit my 401k rollover check from Fidelity?
Replies: 14
Views: 850

Re: Should I wait to deposit my 401k rollover check from Fidelity?

I would get it in there ASAP! Even if you decide to leave it in a Money Market, that is a different issue. You have a time limit to get it in so move it as soon as you can. I would have had V draw it to them directly if possible to avoid any issues if there is a delay. As for investing, once you hav...
by BL
Tue Nov 06, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Time to ditch the financial advisor?
Replies: 17
Views: 2111

Re: Time to ditch the financial advisor?

Try to find tax cost of selling in taxable account on paper or print from online. Unrealized gains/losses or cost basis and NAV, etc. With list in hand, find out if V accepts it and cost to sell. If high, find out cost to sell where it is and you could convert to cash if cheaper and not too much gai...
by BL
Tue Nov 06, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with windfall
Replies: 34
Views: 2648

Re: What to do with windfall

Suggest you read the wiki page on Windfalls. No harm in leaving it in cash (MM, short CDs, savings) for a while. My first thought is to pay off the big student loan with the highest payment. Getting the largest payment out of the way very quickly might feel really good, then work on rest, either sma...
by BL
Tue Nov 06, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6099

Re: Do I need more than Original Medicare?

Check out M. Advantage. Check out high-deductible Medigap. Consider length of time covered by Medicare and Medigap.

A family member used the max Medigap for a post-surgery failure at well-known medical center.

Check costs of cancer and other expensive medications.