Search found 6642 matches

by BL
Sat Apr 29, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Need Advice
Replies: 9
Views: 537

Re: Need Advice

I suggest you do some reading in the Wiki (Getting Started) and suggested books. Pick a couple. I have the boglehead books and some others. Here is a free pdf for newbies to get started: https://www.etf.com/docs/IfYouCan.pdf Leaving Ameriprise was good. Going to an insurance company was not so good....
by BL
Sat Apr 29, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: Insurance for trip to Seoul Korea
Replies: 4
Views: 201

Re: Insurance for trip to Seoul Korea

I will be traveling abroad for the first time in Sept. Medicare doesn't cover any expenses out of the USA. What should I look for when buying a 2 week medical insurance policy? Is there other insurance I should look into? Any other good tips to follow when traveling abroad? Thanks Lilly See what yo...
by BL
Sat Apr 29, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Recent windfall... Insurance questions (Whole, Term, Disability)
Replies: 24
Views: 822

Re: Recent windfall... Insurance questions (Whole, Term, Disability)

I really suggest you do some reading in the Wiki and suggested books. Here is a quickie pdf to get you started. Even though it is written for new investors, it is a great review for all of us. Especially Hurdle #5, about advisors, etc. [url] https://www.etf.com/docs/IfYouCan.pdf[/url] As for all tho...
by BL
Sat Apr 29, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie investor hoping for portfolio advice
Replies: 12
Views: 770

Re: Newbie investor hoping for portfolio advice

It should work.

I would consider all US stock in his Roth and all Int. stock in hers, and do tweaking in 401k.
by BL
Sat Apr 29, 2017 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Am I in Trouble
Replies: 16
Views: 1716

Re: Am I in Trouble

I am concerned about considering an hourly advisor because it could mean someone who then convinces you to let him/her manage your money and perhaps sells insurance or annuities as well. I would trust Vanguard, but would not dare recommend anyone else. (I have heard of a few possible sources here on...
by BL
Sat Apr 29, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Recent windfall... Insurance questions (Whole, Term, Disability)
Replies: 24
Views: 822

Re: Recent windfall... Insurance questions (Whole, Term, Disability)

Insurance is not investment nor is it savings. It should cover needs, and perhaps some wants, should you die. Once you are financially independent due to savings, you may need very little life insurance. Invest in a simple, low-ER (Expense Ratio), diversified portfolio which could be just 3 index fu...
by BL
Sat Apr 29, 2017 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Gifting a down payment/avoiding gift tax
Replies: 23
Views: 1204

Re: Gifting a down payment-gift tax questions

Dogsplaypoker: No one has mentioned state gift tax considerations. I believe there are only two states which have gift taxes- Minnesota and Connecticut. If you are not a resident of either of these, then your only consideration is Federal gift tax. (If anyone knows if there are more states than the...
by BL
Sat Apr 29, 2017 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Help with Investing for Elderly Parents
Replies: 13
Views: 711

Re: Help with Investing for Elderly Parents

What do they want? Are there things on their bucket lists that they still want to do? That's where I would start. I am assuming and you know where that leads.... +1 What is their experience with investing? Will they get nervous when the market falls? Did they ask for your help? Are they both of sou...
by BL
Sat Apr 29, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: 2nd Guessing Target Fund
Replies: 29
Views: 1271

Re: 2nd Guessing Target Fund

BL, Thank you! I was a little confused because on the website it didn't list the name of the actual equity index fund, international fund, bond. We were given the type of fund & expense & not the name, so I was probably overthinking it. Would it be safe to say its the funds that you listed?...
by BL
Fri Apr 28, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Reallocate bonds in taxable account?
Replies: 17
Views: 815

Re: Reallocate bonds in taxable account?

CFM300 wrote:
BL wrote:It is costing you 2.25k/year in fed taxes.

How did you arrive at that number?

Good question! I tried again with an edit.
by BL
Fri Apr 28, 2017 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: 2nd Guessing Target Fund
Replies: 29
Views: 1271

Re: 2nd Guessing Target Fund

This is what the Wiki page on 3-fund portfolio suggested as a possible Fidelity portfolio. S&P500 could sub for Tot Market if needed. Fidelity Total Market Index Fund Investor Class (FSTMX) or Premium Class (FSTVX) Fidelity Total International Index Fund Investor Class (FTIGX) or Premium Class (...
by BL
Fri Apr 28, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Reallocate bonds in taxable account?
Replies: 17
Views: 815

Re: Reallocate bonds in taxable account?

It is costing you 2.25k/year in fed taxes. If you can't trade off to an IRA, I would get rid of it and buy munis. You may, however, still earn slightly less after taxes, until you get to the next bracket. I was asleep here and mixed things up. Good job waking me up! Maybe I am awake now. Ignoring s...
by BL
Fri Apr 28, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Another moving out of Edward Jones story, advice needed
Replies: 6
Views: 697

Re: Another moving out of Edward Jones story, advice needed

Be sure to look at and print out the cost basis at EJ. It could disappear in the move, and you also need it to decide which to sell. Also look at your 2016 statements and see which funds kick out a lot of taxable dividends and Capital Gains (not from selling). These are continuing tax costs each yea...
by BL
Fri Apr 28, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: Boglehead Ideas for College Graduation Gifts
Replies: 14
Views: 999

Re: Boglehead Ideas for College Graduation Gifts

Although I'm sure the recipient will prefer cash, as someone graduating college soon, I would recommend giving the person a book (depending on whether or not they would appreciate it). The first two books I read were "The Four Pillars of Investing" by William Bernstein and "The Bogle...
by BL
Thu Apr 27, 2017 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie investor hoping for portfolio advice
Replies: 12
Views: 770

Re: Newbie investor hoping for portfolio advice

Wow, you have been addressed by a venerable expert and one of the authors of the Boglehead books! I couldn't link to it with that, but here is a link I use (or go to Amazon from this site for a print or kindle version): https://www.etf.com/docs/IfYouCan.pdf Another thing I would suggest is theWhiteC...
by BL
Thu Apr 27, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: How and where to invest if 401k is not offered on W2
Replies: 4
Views: 297

Re: How and where to invest if 401k is not offered on W2

An IRA is an option if your income is within the contribution limits to make it tax deductible. Another possibility to consider --if your budget is too tight otherwise -- is to start setting aside some of your take-home pay in a savings account for the first 6 months now. Then when you're eligible ...
by BL
Thu Apr 27, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Condo or Rent it out
Replies: 12
Views: 959

Re: Sell Condo or Rent it out

Have you always dreamed of being a landlord? If not, consider selling.
by BL
Thu Apr 27, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie investor hoping for portfolio advice
Replies: 12
Views: 770

Re: Newbie investor hoping for portfolio advice

Hi all, First of all, thanks to the amazing community that make this forum so helpful! My husband and I are in the transition period out of our medical residencies and will have more investment opportunities coming our way soon. We were hoping for some advice on how to maximize our current assets a...
by BL
Thu Apr 27, 2017 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Thrivent Financial
Replies: 12
Views: 755

Re: Thrivent Financial

Agree not to invest with friends or family. Ask her how it will feel to have to divorce (fire) her friend when she gets more aware. We have a small amount of a Thrivent fund which has a 1+ % ER. Here is a nice free 16-page booklet by a recommended author just for new investors: https://www.etf.com/d...
by BL
Thu Apr 27, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: sell stocks to fund individual 401K and Roth IRA?
Replies: 10
Views: 421

Re: sell stocks to fund individual 401K and Roth IRA?

Also this would enable me to comfortably max out my contributions for a few years. The term "comfortably" caught my eye. Maybe you can max them without cashing in?? Perhaps set things up to pay into these accounts, knowing that you have the taxable to back you up if needed. I suspect you ...
by BL
Thu Apr 27, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 12860

Re: [Advice needed for mother's inheritance/finances.]

It looks like you have made progress. AA looks fine. (Don't forget, her all-over AA included that huge amount of cash/bonds, so the over-all AA has a much greater bond/fixed income than those mentioned. Which is fine, it is better to go slowly. I would make sure that "advisor" is not allow...
by BL
Thu Apr 27, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Maintaining AA with new investments
Replies: 10
Views: 381

Re: Maintaining AA with new investments

Surely you can contribute to tIRA. It is just not tax deductible. Yes, this is the first step to a backdoor Roth for those whose incomes are too high for direct Roth contributions (and also do not have any, or hardly any, traditional IRAs (each individual evaluated separately). Search the Wiki for ...
by BL
Thu Apr 27, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: IRA rollover into 401k
Replies: 24
Views: 388

Re: IRA rollover into 401k

First you need to find out if your 401k will accept a transfer from an IRA. If it is a Vanguard 401k, I am not sure if they will, so find that out first. Then perhaps have the 401k agent pull it from V, not push from V. As long as it stays in the IRA, you or V can convert it to cash with no conseque...
by BL
Thu Apr 27, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Maintaining AA with new investments
Replies: 10
Views: 381

Re: Maintaining AA with new investments

Surely you can contribute to tIRA. It is just not tax deductible. Yes, this is the first step to a backdoor Roth for those whose incomes are too high for direct Roth contributions (and also do not have any, or hardly any, traditional IRAs (each individual evaluated separately). Search the Wiki for ...
by BL
Thu Apr 27, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: long term loss with postive 3,5 yr returns ??
Replies: 5
Views: 507

Re: long term loss with postive 3,5 yr returns ??

+1 to RM The cost basis is the original cost + all the reinvested dividends and capital gains. Tax was already paid on all the reinvested dividends and gains each year they were distributed. You are not taxed again on that, so the basis is increased instead. The difference between cost basis and sel...
by BL
Thu Apr 27, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: High operating expense for bond fund in 401K, what are the options?
Replies: 6
Views: 275

Re: High operating expense for bond fund in 401K, what are the options?

I was expecting 1.11%! Yours is very low and you are luckier than most!

If I am thinking correctly,
10k at .06% = .0006 x 10k = $6/yr
10k @ .11% =.0011 x 10k = $11/yr

Rather than saying cost is double, look at the dollars.
by BL
Thu Apr 27, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Investing cash short term set aside for roth contributions while in grad school
Replies: 15
Views: 636

Re: Investing cash short term set aside for roth contributions while in grad school

Since you will be working only half-time, I wouldn't worry too much about tax on any gains if you invest in the same manner as your planned Roth. It could go up or it could go down, and you need to be aware of that and accept that fact. If it gains a lot, you could always sell and live on it while p...
by BL
Thu Apr 27, 2017 8:52 am
Forum: Personal Consumer Issues
Topic: Help with Medicaid Questions
Replies: 4
Views: 590

Re: Help with Medicaid Questions

I could tell you what I believe to be true but I would rather give the best advice that I can and that is to pay for a consult with a "Board Certified Elder Law Attorney" in the state of residence to discuss the overall situation. They are at the top of their field and provide superior co...
by BL
Thu Apr 27, 2017 1:14 am
Forum: Investing - Theory, News & General
Topic: Portfolio growth - Edward Jones vs Vanguard Target 2045
Replies: 14
Views: 1552

Re: Portfolio growth - Edward Jones vs Vanguard Target 2045

Class C funds give a 1% 12b-1 kickback from the ER to the broker, so they make up the lack of a front load in just a few years, but make the extra 1% from now on. (Class A shares have a front load and only kickback 1/4%.) If she has no Class A shares now and knows she had a front load when she bough...
by BL
Thu Apr 27, 2017 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Franklin Income Fund for 18-Yr Old?!
Replies: 5
Views: 464

Re: Franklin Income Fund for 18-Yr Old?!

While it is not something Bogleheads would do, I think you should not be overly concerned about this. it is a fairly typical thing to pay load and 0.69% is not quite terrible, probably similar to the Class A American funds. He could have sold him a Class C fund with much higher ERs. There may not ha...
by BL
Thu Apr 27, 2017 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Tax efficient method for selling stock?
Replies: 14
Views: 1209

Re: Tax efficient method for selling stock?

Maybe you can buy (cheap) or borrow a tax program so you can put the CGs in it to see the effect on your taxes. It sounds like you are married; that doubles the taxable income to ~75.9k in 2017. Taxable income is what you end up with after figuring the AGI (wages, dividends, CGs, etc) and subtractin...
by BL
Thu Apr 27, 2017 12:11 am
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 3697

Re: $1m capital gains, worth it to simplify and index?

Perhaps get out a tax program, even last year's, and put in your expected income, then keep adding increments of CGs, maybe 10k, and see when you have an unexpected jump so you can see where it gets more expensive or when you might hit AMT. I would take a good look at last year's dividends and CGs o...
by BL
Wed Apr 26, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Target date funds - multiple in an IRA portfolio
Replies: 8
Views: 577

Re: Target date funds - multiple in an IRA portfolio

There is also the Fidelity Freedom INDEX funds which are low-ER and more suitable.

Perhaps you could mix with a V fund with no glide path such as Life strategy, Balanced, Wellesley, etc.
by BL
Wed Apr 26, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Married couple: gift tax - source of funds relevant?
Replies: 17
Views: 1001

Re: Married couple: gift tax - source of funds relevant?

MikeT wrote:Call me lazy but if I can simply write a check to the student loan servicing center for $14k now and $6k in January and not have to file a return, I think I'll do that :-)

Thanks for all this great info!

Mike

+1
Sounds good and simple!
by BL
Wed Apr 26, 2017 11:46 am
Forum: Investing - Theory, News & General
Topic: Retired, but postponing Social Security.
Replies: 17
Views: 1422

Re: Retired, but postponing Social Security.

These are estimates, not necessarily what you would actually get. What you get is based on your income each year, and if you don't have 35 years you may be adding zeros in there. There is a calculator on their website you can use if you are no longer working. Maybe they have it right if they saw zer...
by BL
Wed Apr 26, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Diversifying same-index ETFs
Replies: 12
Views: 322

Re: Diversifying same-index ETFs

I suggest you read this short 16 page booklet (etf) to get started: https://www.etf.com/docs/IfYouCan.pdf There are lots of reading and suggested books in the Wiki here. S&P500 is 80% of total stock market. So there would be a lot of overlap using both. Total International would cover non-US pre...
by BL
Wed Apr 26, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: VTIVX vs. VASGX
Replies: 4
Views: 385

Re: VTIVX vs. VASGX

Vanguard LifeStrategy Growth Fund Investor Shares MUTF: VASGX - Apr 25 30.94 USDPrice increase0.16 (0.52%) Vanguard Target Retirement 2045 Fund Investor Shares MUTF: VTIVX - Apr 25 20.39 USDPrice increase0.12 (0.59%) The price per share increased a dollar amount, and a (percent). Only the % can be ...
by BL
Wed Apr 26, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: max contribution mulitple employers 401k 403b
Replies: 8
Views: 533

Re: max contribution mulitple employers 401k 403b

Do you have a 457 available where they have a 403b? Then you could put 18k into that. Unless it is a government 457, you might not choose to use it anyway.
by BL
Wed Apr 26, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Tax-sheltering and target retirement fund disadvantages
Replies: 30
Views: 2050

Re: Tax-sheltering and target retirement fund disadvantages

It makes sense on ER alone to convert to this: (0.05) Vanguard Total Stock Mrk Index - Admiral VTSAX (0.11) Vanguard Total Intl Stock Index Admiral VTIAX (0.06) Vanguard Total Bond Market Index Adm VBTLX Roth is not much price difference so take your pick. Eventually you might want to do it, but the...
by BL
Wed Apr 26, 2017 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Restarting retirement savings at 40
Replies: 20
Views: 1955

Re: Restarting retirement savings at 40

You could use the planned funds for your 401k, but there is too much tilt to small/mid caps. A 4/1 ratio would be close to total US stock market. You could skip the mid-caps as they are found in S&P and small caps. I would skip the emerging markets as well, since you have total international sto...
by BL
Tue Apr 25, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 3697

Re: $1m capital gains, worth it to simplify and index?

If you give anything to charity, you could donate your highest gain stocks/funds to a Donor Advised Fund (DAF) for a few years worth of giving, and deduct it all in one year to help bring down income while you sell extra funds/stocks. Agree to move it away from advisor to save 0.75% AUM each year. S...
by BL
Tue Apr 25, 2017 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 5184

Re: One Fund? Really?

I loved having a balanced fund in my small IRA. No thinking required when RMDs, QCDs, and rollovers are done.

It might be possible that you could save a bit by separate funds, but then when you rebalance them you are back to the same AA anyway.
by BL
Tue Apr 25, 2017 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 12860

Re: [Advice needed for mother's inheritance/finances.]

She also has approx 500k sitting in her personal bank account.

95k mortgage left- only debt


Mortgage could be paid off for a start, when she is ready, of course.
by BL
Tue Apr 25, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Not sure what account to open and with whom
Replies: 15
Views: 1243

Re: Not sure what account to open and with whom

I suggested the Vanguard PAS, but if you don't have 50,000 to invest at V, that may not be an option. Meanwhile, opening a traditional IRA and picking a balanced fund (for simplicity) such as Life Strategy Aggressive, 80/20 stock/bond, or Moderate, 60/40, for all of your transfers in should work for...
by BL
Tue Apr 25, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Expenses Question
Replies: 14
Views: 1072

Re: Expenses Question

I have heard Fidelity plans are good as well, and have some advantages. Check them out as well.
by BL
Tue Apr 25, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Single Premium Immediate Annuity
Replies: 16
Views: 1312

Re: Single Premium Immediate Annuity

First, deferring SS to age 70 is the best annuity you can buy. Waiting until your 70's may be the best time to buy SPIAs; you are looking for a minimum baseline necessary for living combined with SS and RMDs. It is important not to use up all of your money which you may need for extra spending and p...
by BL
Tue Apr 25, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 5184

Re: One Fund? Really?

You need to consider taxes when you are investing in taxable. If you will have other income, the bond portion should maybe be in muni bonds to save on taxes. Or, you could have more bonds in 401k or IRA. You would get increasing bond % in time. If you are in the 15% tax bracket, it would probably be...
by BL
Tue Apr 25, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: 23yr portfolio help
Replies: 9
Views: 815

Re: 23yr portfolio help

I am assuming your Vanguard funds are all very low ERs. If so, the funds you are in are fine. Agree that getting the match, then saving up money until you have baby and finish school are a good idea. When you have a bit more money to save, consider a similar Vanguard target fund ($1000 min. to start...
by BL
Tue Apr 25, 2017 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Question.
Replies: 3
Views: 433

Re: Roth Conversion Question.

AFAIK, the forms are only filled out when an action you do during the year requires it, such as Roth conversion. I would plan to hang unto them for a number of years. (Some actions, such as non-deductible contributions to traditional IRAs, need to be kept "forever"!) An investment advisor ...
by BL
Mon Apr 24, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Child's Debt Consolidation
Replies: 9
Views: 1169

Re: Child's Debt Consolidation

Be aware that using a credit card that has debt carried on it means she is also paying high interest on her current purchases. Never use a card that is not fully paid off regularly.

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