Search found 6874 matches

by BL
Sun Jun 25, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: "Disruptive" life insurance
Replies: 8
Views: 1088

Re: "Disruptive" life insurance

Check term4sale to get an estimate on term and perhaps see a local independent insurance agent to shop around for you.
Avoid whole or universal life in general.
by BL
Fri Jun 23, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Advice with retirement planning and investments
Replies: 9
Views: 507

Re: Advice with retirement planning and investments

I feel very nervous going with 75% in equity This makes me think you may want to be closer to "age in bonds" than only 25% bonds. Why not give V PAS a call and see what they can do for you? I think it would be an improvement over what you have at F right now and maybe cost less. Consider ...
by BL
Fri Jun 23, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual High Fees to Vanguard
Replies: 24
Views: 1245

Re: Northwestern Mutual High Fees to Vanguard

Large Cap, Vanguard total stock market index fund, 38% Mid/Small Cap, Vanguard total stock market index fund, 16% International, Total International Stock Index Fund, 36% Short Term Bond, Vanguard total bond market index fund, 3% Intermediate-term Bond, Vanguard total bond market index fund, 3% Lon...
by BL
Fri Jun 23, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Conversion Question - 28yo
Replies: 11
Views: 518

Re: Traditional IRA Conversion Question - 28yo

It is not clear to me if that is your W-2 income, or you lower it by the 401ks and deductions/exemptions to get into the 15% bracket. If you are in the 25% tax bracket, (look up the number in line 43, taxable income, on your 1040 for bracket), then you will pay 25% + state tax on the conversion. It ...
by BL
Fri Jun 23, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual High Fees to Vanguard
Replies: 24
Views: 1245

Re: Northwestern Mutual High Fees to Vanguard

First look up you capital gains/losses in taxable. Print them out so you know how much will affect your taxes next Spring. I would expect there are not a lot of gains there, but who knows? If IVV has a large gain, it might be worth holding it and considering it a Total Stock market near-equivalent. ...
by BL
Thu Jun 22, 2017 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: How much to invest in 401k vs taxable account.
Replies: 51
Views: 4287

Re: How much to invest in 401k vs taxable account.

You could copy the target date fund, combine bonds to 10% in total bond market.
by BL
Thu Jun 22, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Please explain how Medicare Billing works?
Replies: 62
Views: 3955

Re: Please explain how Medicare Billing works?

Just want to add that there is probably not only a co-payment but a deductible amount for each year with Medicare and, I suspect, your supplement policy. That would also show up with the first visit of the year.
Part B deductible $183 per year
by BL
Thu Jun 22, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to Help a friend w/ 401K Fund choice
Replies: 4
Views: 275

Re: Trying to Help a friend w/ 401K Fund choice

I think you have received good advice here. I would consider first the 3-fund one suggested, but expanding the S&P500 by adding small amounts of small and/or mid-caps is fine if they want to deal with the extra complexity. Similar funds in a Roth IRA, such as Life Strategy Conservative or Modera...
by BL
Thu Jun 22, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: How much to invest in 401k vs taxable account.
Replies: 51
Views: 4287

Re: Please help with rebalance and AA

I am currently putting $18,500 annualy in my 401k, my employer uses Employee Fiduciary. I have seen good reviews from bogleheads.org on this 401k provider. I am looking for advice on an alternative to the target date fund I am currently using. I am aware that there is some overlap with VFIAX and VF...
by BL
Wed Jun 21, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Tax on Mutual Index Fund
Replies: 19
Views: 830

Re: Tax on Mutual Index Fund

" If you have a job, I hope you plan to put it into a Roth IRA at Vanguard (up to 5500/year if you earn that much on your W-2)." I didn't understand this part. I have 401K at job which I maximize. Are you talking about backdoor Roth IRA? I don't have that yet. No, you don't need backdoor ...
by BL
Wed Jun 21, 2017 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Tax on Mutual Index Fund
Replies: 19
Views: 830

Re: Tax on Mutual Index Fund

Thanks for all the replies Can I open Vanguard index mutual fund now and if find it difficult to rebalance, get a financial advisor (fees only) to look at portfolio at the end of each year to rebalance. Until you are ready to rebalance, a single balanced fund such as Target date or Life Strategy Ag...
by BL
Tue Jun 20, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Helping elderly Grandma with investing 270k - VTINX?
Replies: 26
Views: 1303

Re: Helping elderly Grandma with investing 270k - VTINX?

This sounds good for a big hunk of it:

Ally bank online:
1.50% 11-month CD, no penalty
$25,000 minimum

At her age things can change rapidly. Keep some in local bank and some in shorter-term CDs. No time to recover from market crashes. However, she might live to 100+.

Do you have power of attorney?
by BL
Tue Jun 20, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Widowed mother - siblings try to make a plan
Replies: 30
Views: 2314

Re: Widowed mother - siblings try to make a plan

Her house is worth around $150k, and she has another $60k. If she were to pass today, that would be a little over $40k to each sibling. Not pocket change, but really, it's quite creepy to me that you are viewing this as a possible/ probable "inheritance grab." Do you have any idea what is...
by BL
Mon Jun 19, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: 19 y/o Windfall Questions
Replies: 25
Views: 2898

Re: 19 y/o Windfall Questions

Here is a great 16-page pdf that recommended author, William Bernstein, wrote for his young adult children and might be just short enough for her to read it:
https://www.etf.com/docs/IfYouCan.pdf

Read it and see what you think.
by BL
Mon Jun 19, 2017 3:06 pm
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 39
Views: 1435

Re: new to investing...[a little] help please?

I am afraid that investing at TDAmeritrade would be an encouragement to "gamble" more in individual stocks rather than buckle down and put everything in the basic index funds which may serve you better as you get to retirement. It is fine to have some play money, but not when you are behin...
by BL
Mon Jun 19, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 22
Views: 2959

Re: Helping my parents with their retirement

I think taking the annuity rather than the lump sum should be the default for almost everyone, with some exceptions such as health or a really bad deal compared to lump sum. In their case, the annuity is great since they otherwise could spend it and have very little left for their golden years. This...
by BL
Mon Jun 19, 2017 7:27 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 39
Views: 1435

Re: new to investing...[a little] help please?

If married, you should also do a Roth IRA for your spouse, whether she earns income or not, if you can come up with the money after contributing any match to 401k. A Vanguard Target date fund ($1000 to start) or Life Strategy Aggressive ($3000 to start) are both good single funds to get started,as a...
by BL
Mon Jun 19, 2017 1:57 am
Forum: Investing - Help with Personal Investments
Topic: Investments for Mother, windfall
Replies: 9
Views: 1303

Re: Investments for Mother, windfall

She is getting $5500 per month from pension, she will get more from SS soon, and does not want to manage her investments. I don't think a complex portfolio of savings, I Bonds, and CD ladder and index funds makes sense for her. In view of the tax bracket, I would put $100K in cash and the rest of t...
by BL
Mon Jun 19, 2017 12:30 am
Forum: Investing - Help with Personal Investments
Topic: Question after reading Bogleheads Guide to Investing
Replies: 4
Views: 979

Re: Question after reading Bogleheads Guide to Investing

I would like to suggest a quick read for some Boglehead type advice in a nutshell: https://www.etf.com/docs/IfYouCan.pdf This suggests the 3-fund portfolio of Total US stock, total International stock, and total bond market as all you really need. The 1/3 of each ratio is reasonable for a 30 year ol...
by BL
Sun Jun 18, 2017 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Current vs future investments
Replies: 6
Views: 803

Re: Current vs future investments

benevo wrote:
BL wrote:What are your ERs?


0.0008 for all the TRFs


Great!
by BL
Sun Jun 18, 2017 11:00 pm
Forum: Personal Consumer Issues
Topic: Poaching chicken
Replies: 50
Views: 3724

Re: Poaching chicken

Google "poaching chicken" for lots of good info: https://www.google.com/search?q=poaching+chicken&rlz=1CASMAE_enUS533US533&oq=poaching+&aqs=chrome.5.69i57j0l5.9273j0j7&sourceid=chrome&ie=UTF-8 I saw some recipes as shown earlier here. My take would be to get a covered f...
by BL
Sun Jun 18, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 18
Views: 1165

Re: Tax Strategy for 1099 Income

Here is Wiki page on Backdoor Roth: https://www.bogleheads.org/wiki/Backdoor_Roth_IRA This can be done if you have no non-Roth IRAs. This may be a big advantage to setting up a 401k retirement account. You can contribute to Roth IRA even at a high income. Your spouse can do it if no non-Roth IRAs in...
by BL
Sun Jun 18, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Current vs future investments
Replies: 6
Views: 803

Re: Current vs future investments

Thanks, both! In the same thinking, my contributions can be put towards: Pre-Tax Roth After-Tax Pre-tax would be best traditional option, yes? I have a better chance of the money growing that way I'd think. Yes, pre-tax sounds best up to the max of 18k/year, currently. Also consider filling the Rot...
by BL
Sun Jun 18, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: When should wife take SS?
Replies: 9
Views: 1213

Re: When should wife take SS?

I suggest you pick up Mike Piper's latest book on SS or at least look up and read some of Mike's comments on Boglehead threads. There were changes made a year or so ago that are hard to keep straight, so best get it from an expert. The survivor at FRA still gets the amount the other, assuming higher...
by BL
Sun Jun 18, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 39
Views: 1435

Re: new to investing...[a little] help please?

Suggest your read the above-mentioned free online pdf to get off to a good start: https://www.etf.com/docs/IfYouCan.pdf Investing should be simple, not complex. Share with us your available 401k funds, with name, ticker, and ER (Expense Ratio). Filling your 401k and/or a Roth IRA is probably your be...
by BL
Sat Jun 17, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: So sick of it! [Paying off student loans]
Replies: 42
Views: 6149

Re: So sick of it!

Have you set them to pay automatically? Perhaps not physically paying them would be enough consolation. Keep in mind that the taxable brokerage account would be available for emergencies, as would the Roths. Hopefully they would not be needed, especially the Roth IRAs, but it is good to know that co...
by BL
Wed Jun 14, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 20
Views: 4244

Re: Advice on Whole Life Insurance as part of retirement portfolio

If not a whole policy, are there any alternatives that anyone may suggest? Consider Total Stock Market and Total Internatonal Stock Market in taxable, both of which are very tax-efficient. I-Bonds might be considered if it will be less than 30 years until you retire and have lower income then. Tax ...
by BL
Tue Jun 13, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Advice to a newbie
Replies: 18
Views: 1615

Re: Advice to a newbie

Unless she will need to do a backdoor Roth, rolling it over to a low cost broker such as Vanguard is great. Unless there are extra fees in 401k, that should be fine as well.
by BL
Tue Jun 13, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 18k in Cash?
Replies: 19
Views: 1564

Re: What to do with 18k in Cash?

jbow44 wrote:
flamesabers wrote:Why not max out your Roth IRA for yourself in one lump deposit and spend the rest of the money on your car loan?


I would do this!

+1
by BL
Tue Jun 13, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: How many tech devices do you have?
Replies: 75
Views: 3063

Re: How many tech devices do you have?

Mostly one user: desktop refurbished (just replaced dying desktop) laptop refurbished Chromebook (old) IPAD 3 refurbished Smart phone smart phone used with WiFi, not phone connected 2 non-smart phones + landline printer WiFi + Ethernet Nook - gift Kindle - prize Amazon Echo Dot Smart TV Roku Compute...
by BL
Tue Jun 13, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: Ok reasons for a 37 year old to have a 60/40 mix?
Replies: 39
Views: 3676

Re: Ok reasons for a 37 year old to have a 60/40 mix?

Here is another expert that recommends about 33% bonds for beginning or young investors: https://www.etf.com/docs/IfYouCan.pdf That is not far from what you chose. Also you are choosing not to spend an extra 1-2% in fees and higher-ERs that you would probably spend using an adviser. So you can go mo...
by BL
Tue Jun 13, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Help Checking my Stock Allocation and Figuring Out Bond Allocation
Replies: 10
Views: 882

Re: Help Checking my Stock Allocation and Figuring Out Bond Allocation

Future allocations in Roth may depend on what your 401k choices will be. If the only low-ER (below 0.20% or at least below 0.5%) fund there is the S&P 500, you would want to adjust the Roth to get your total portfolio AA. Even if all 401k funds are higher ERs, it is usually best to invest there ...
by BL
Mon Jun 12, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 96
Views: 6656

Re: HSAs and "Saving Medical Receipts"

If you are paying Medicare Part B, you can pay that from HSA. I waited and collected lump sum for an amount already paid .
by BL
Mon Jun 12, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Life Insurance as an Investment Vehicle
Replies: 39
Views: 2250

Re: Variable Life Insurance as an Investment Vehicle

Don't do it! I was talking with a financial advisor salesman at AXA Put any extra into a taxable account in low-ER tax-efficient funds such as Vanguard's Total Stock Market and Total International Stock Market. Look up tax efficient in Wiki here. Tax-exempt bonds are fine for those in 25+ tax bracke...
by BL
Mon Jun 12, 2017 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date to DIY
Replies: 14
Views: 1055

Re: Target Date to DIY

With Vanguard and TSP, the Target funds are low-ER, so there is no rush to change. In fact you never need to change unless you want to. You are less likely to start tinkering with your portfolio, so you may even do better using Target funds. Agree that it makes sense to wait until you can buy Admira...
by BL
Mon Jun 12, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Advice to a newbie
Replies: 18
Views: 1615

Re: Advice to a newbie

Pick the target retirement fund closest to the year you will want to begin withdrawing the money. Leave it alone until then. +1 This is a good set and forget solution. It will get more conservative over time. It looks like most funds are decent in the 401k. Avoid the annuity! The saleperson has a h...
by BL
Mon Jun 12, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: GVUL investing [Group Variable Universal Life] -- Employer benefit
Replies: 4
Views: 411

Re: GVUL investing [Group Variable Universal Life] -- Employer benefit

Here are a few good links by Bogleheads that I found on Google. I guess getting "free" insurance may be reasonable, but buying more, as they hope you will, is another question. https://www.whitecoatinvestor.com/what-happens-when-ogres-and-trolls-mate-aka-variable-life-insurance/ https://th...
by BL
Mon Jun 12, 2017 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice Urgently - Are we in over our heads?
Replies: 45
Views: 5926

Re: Need Advice Urgently - Are we in over our heads?

Sounds like typical buyer's remorse. Yes, it may be tough, but you can make it if --- You don't go all out to furnish the place. Slowly look around for cheap/free sources for the things you really want. I don't mean junk, but it doesn't have to be new and some rooms can be empty for a while, too. Yo...
by BL
Sun Jun 11, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Current vs future investments
Replies: 6
Views: 803

Re: Current vs future investments

Yes, convert all to the Target fund now. Hopefully the Target fund has reasonable ERs.

Yes, change to trad. 401k now.
by BL
Sat Jun 10, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Keep unneeded life insurance?
Replies: 14
Views: 1147

Re: Keep unneeded life insurance?

Why not do an estimate at term4sale.com?
by BL
Sat Jun 10, 2017 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help Checking my Stock Allocation and Figuring Out Bond Allocation
Replies: 10
Views: 882

Re: Help Checking my Stock Allocation and Figuring Out Bond Allocation

Have you read this great pdf for newer investors? https://www.etf.com/docs/IfYouCan.pdf This has the 3-fund portfolio which is great to start (after you accumulate more in your LS fund). Total stock market Total International Total bond Then later if you decide to add a couple more, fine. Do you hav...
by BL
Sat Jun 10, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: starting fresh
Replies: 15
Views: 1721

Re: starting fresh

You have until tax time next April to get this year's Roth done. You could take some from your emergency fund as you could withdraw from Roth if necessary, but be sure you have everything you can think of covered. Maybe any spare cash should go to mortgage especially if you are not itemizing. That i...
by BL
Sat Jun 10, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Noob Vanguard funds question..
Replies: 11
Views: 895

Re: Noob Vanguard funds question..

Age - 20 in bonds is aggressive. Have you considered I-Bonds for some of your fixed income? They can never lose money, but when inflation is low, they don't make much either. Can be withdrawn and taxes due after 1 year, 3-month of interest is the penalty when withdrawn before 5 years, cash in within...
by BL
Fri Jun 09, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Three years into retirement… Need a good read
Replies: 12
Views: 1929

Re: Three years into retirement… Need a good read

Tycoon wrote:
livesoft wrote:And Jane Bryant Quinn's How to Make Your Money Last is a good overview.


I'll second this recommendation. I'm reading it right now.

+1 She also contributes to the AARP website on occasion.
by BL
Fri Jun 09, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Any tips on creating a budget for a SAHM ?
Replies: 24
Views: 1774

Re: Any tips on creating a budget for a SAHM ?

Give a credit card to her to use for her personal shopping (make sure be ready to pay maximum of that limit :) ). You can go over with her over month end before paying bill. Analyze the expenditure with her and pay infront of her. She will know whats been left on savings account after spending Some...
by BL
Thu Jun 08, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 5812

Re: How to deal with a personal finance cynic

I doubt he has a concept of compound interest and how time affects the rate of increase of your money. Using the "Rule of 72" estimating tool, if an investment increases at a rate of 8%, it will take 9 years to double, 18 years to quadruple, 27 years to be 8 times the original investment! ...
by BL
Thu Jun 08, 2017 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Current 401k with Huge Fees, Anything I can do?
Replies: 20
Views: 1072

Re: Current 401k with Huge Fees, Anything I can do?

They do appear high. However, there may possibly be some double-counting of the fees listed. 12b-1 fees are included in Expense Ratio (ER). Your management may tack on extra fees. Investopedia says: DEFINITION of 'Total Annual Fund Operating Expenses' For a mutual fund or other type of fund manageme...
by BL
Thu Jun 08, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Work Roth 401k, check my math
Replies: 14
Views: 891

Re: Work Roth 410k, check my math

80% TRP EQUITY INDEX TRUST CL A (XAT) ER 0.13%


could be just the ticket. Add bond as suggested or in Roth IRA as needed. 18k is a good goal, even if you need to live off some of your taxable.
by BL
Thu Jun 08, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 5812

Re: How to deal with a personal finance cynic

Here is a good basic pdf to get off to a good start:

https://www.etf.com/docs/IfYouCan.pdf

The Boglehead's Guide to Investing is great.

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