Search found 9482 matches

by BL
Fri Sep 18, 2020 5:39 pm
Forum: Personal Investments
Topic: Rebalancing to 50/50
Replies: 3
Views: 312

Re: Rebalancing to 50/50

My parents are 35% stocks. Mid 70s. Between 20% and 50% could all be appropriate, but I think you would be fine to move from 22 to 35 for a period of time and see how it goes. A jump to 50-50 might be too much in this current environment with so many unknowns. In fact, staying at 22% stocks might b...
by BL
Wed Sep 16, 2020 1:49 pm
Forum: Personal Investments
Topic: Where to start - advising my DS #2
Replies: 28
Views: 1879

Re: Where to start - advising my DS #2

I suggest all of you read this 16-page free pdf: https://www.etf.com/docs/IfYouCan.pdf It gives you the basics of investing and personal finance for someone just starting out and a review for the rest of us. The "How Millennials can get rich slowly" is a good addition to the title. I think investing...
by BL
Sat Sep 12, 2020 11:49 pm
Forum: Investing - Theory, News & General
Topic: Questions to ask a prospective financial advisor
Replies: 103
Views: 4108

Re: Questions to ask a prospective financial advisor

Contacting here is a good idea. Another possibility would be to contact the PAS at Vanguard. For just 0.3%/year AUM, they would set up and manage a portfolio of low-expense ratio index funds and act as a fiduciary: ie., look out for your best interest, not theirs. I believe they even tell you ahead ...
by BL
Mon Sep 07, 2020 8:28 am
Forum: Personal Investments
Topic: $2,500 a month to Contribute...Help?
Replies: 17
Views: 1970

Re: $2,500 a month to Contribute...Help?

Most educational jobs have 403b or 457 type retirement accounts available, even though it may not be common knowledge. So, just ask! They might even have Roth versions available. With pensions, many don't even think about additional accounts. Agree that Roth IRA is great. You have access to the amou...
by BL
Mon Sep 07, 2020 12:28 am
Forum: Personal Investments
Topic: Mimicking 3-fund portfolio with what's available: Please comment
Replies: 8
Views: 655

Re: Mimicking 3-fund portfolio with what's available: Please comment

I would look at the entire portfolio rather than split into two with each including all 3 types of funds. Are both accounts identical in value ($)? If not, the total should be 100% and each account should hold a certain % of the total. Then each type fund would hold a certain % and could be in one o...
by BL
Sun Sep 06, 2020 12:26 am
Forum: Personal Investments
Topic: Wife is "forcing" me to buy stock(s)
Replies: 112
Views: 8703

Re: Wife is "forcing" me to buy stock(s)

Insist that she choose the stock(s), with some advice from you if she insists. Then you can help her do the actual purchase online. This is a great opportunity to learn how to do it rather than leave everything to you. Someday she may be left a widow and any knowledge she gains now could be invaluab...
by BL
Sat Sep 05, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5462

Re: What is PenFed good at?

They are now emphasizing premium savings account @ 0.8%. Not bad for as long as it lasts.
by BL
Thu Sep 03, 2020 3:44 pm
Forum: Investing - Theory, News & General
Topic: Is anyone else not able to buy on Vanguard.com today?
Replies: 4
Views: 606

Re: Is anyone else not able to buy on Vanguard.com today?

UncleLeo wrote: Thu Sep 03, 2020 3:04 pm The same thing happened to me today. Logging out and then logging back in again solved it.
Yes, here, too. Worked fine the second time.
by BL
Wed Sep 02, 2020 12:28 am
Forum: Personal Investments
Topic: How to begin an investment in the 3 item index fund portfolio
Replies: 4
Views: 384

Re: How to begin an investment in the 3 item index fund portfolio

Do you have any fixed income? Since you have pension and SS, you might not need so much, but if you should need some home-based care, assisted living or nursing home care, you might want to have more cash available rather than have to sell stocks that may or may not have fallen in value just when yo...
by BL
Tue Sep 01, 2020 8:35 am
Forum: Personal Investments
Topic: SWR for 81 year old widow?
Replies: 21
Views: 1386

Re: SWR for 81 year old widow?

If she is a new widow, give her time to grieve without making unnecessary long-term commitments and decisions. She can probably do fine with 5.5% or even 10% for a year, until she gets her bearings. Don't push her to make these decisions. She may be temporarily confused or dependent which may disapp...
by BL
Fri Aug 28, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Expenses>Income new widow-should I worry?
Replies: 27
Views: 3115

Re: Expenses>Income new widow-should I worry?

Sorry you are going through this. Fortunately you are in good circumstances financially. I would continue to research possibilities, but hold off on as many major changes as possible for a year when possible. Read about windfalls in Wiki here for more about adjusting to new circumstances. There are ...
by BL
Fri Aug 28, 2020 1:23 am
Forum: Personal Investments
Topic: Need help to rebalance my complex (to me) portfolios
Replies: 24
Views: 2521

Re: Need help to rebalance my complex (to me) portfolios

I suggest you search other threads or Wiki for Social Security calculator(s). I believe you would increase the payout from age 67 to 70 by waiting for an amount about 3 x 8% for those 3 yrs, so it would be 24% greater amount than drawing at 67. If the higher income person waits, that means either su...
by BL
Thu Aug 27, 2020 10:13 pm
Forum: Personal Investments
Topic: How to compare performance of Vanguard vs Edward Jones accounts?
Replies: 35
Views: 2606

Re: How to compare performance of Vanguard vs Edward Jones accounts?

I looked up the AF target fund which is class A: https://www.morningstar.com/funds/xnas/aaltx/price I see a front load of 5.75% which comes directly out of your investment money before funds are bought. I assume AF uses some of this to encourage the salesman to sell this product. It appears that the...
by BL
Thu Aug 20, 2020 9:10 pm
Forum: Personal Investments
Topic: Avoiding Short Term Capital Gains Tax?
Replies: 6
Views: 693

Re: Avoiding Short Term Capital Gains Tax?

Hello, I am going to sell money in my taxable vangaurd account to buy land to build on. I have about 70k in short term capital gains (they won't be long term capital gains until April 2021). I can offset most of the short term capital gains through tax loss harvesting. I will still have a short ter...
by BL
Sat Aug 15, 2020 8:57 pm
Forum: Personal Investments
Topic: New to investment!
Replies: 35
Views: 1405

Re: New to investment!

Your English is outstanding, so no worries there! We don't know if you are a US citizen or might return to your native country someday. There are tax agreements between various countries that could affect the decision to invest in IRAs or 401k/457 accounts. There are tax experts that specialize in t...
by BL
Sat Aug 15, 2020 1:59 pm
Forum: Personal Investments
Topic: New to investment!
Replies: 35
Views: 1405

Re: New to investment!

You have received good advice. Watty has covered most of what you need to be concerned about. Vanguard Target Date funds can be purchased at Vanguard with a minimum starting amount of $1,000. These have US stocks and bonds and International stocks and bonds. As suggested, start with this if you don'...
by BL
Thu Aug 13, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance. Need advice to get new policy.
Replies: 8
Views: 640

Re: Term Life Insurance. Need advice to get new policy.

You might be able to find a local INDEPENDENT life insurance agent who would be willing to shop around for you to get the best rate from a highly rated company based on your health info. Otherwise the online companies listed would give you some good data to compare with, no matter where you buy the ...
by BL
Thu Aug 13, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Actively managed but operating as buy and hold
Replies: 7
Views: 540

Re: Actively managed but operating as buy and hold

Sounds to me like the advisors or their company are making the same income either way: 1. charging a fixed amount, 1.25% per year or 2. making money by excess buying and selling. Consider moving to a low-cost brokerage such as Fidelity, Schwab, or Vanguard where you can buy low-expense rate index fu...
by BL
Wed Aug 12, 2020 1:12 am
Forum: Personal Investments
Topic: Variable Annuity vs Mutual Funds
Replies: 17
Views: 1209

Re: Variable Annuity vs Mutual Funds

Avoid the annuity and whoever recommended it. When she is age 75 or so, she might consider a SPIA (single premium immediate annuity) with a portion of her money which gives a monthly stipend for life and that is it. If she is not satisfied with having a single balanced fund or maybe 3 index funds, s...
by BL
Wed Aug 12, 2020 12:21 am
Forum: Investing - Theory, News & General
Topic: Rule of 72
Replies: 21
Views: 2663

Re: Rule of 72

Back in the olden days, we didn't have computers or fancy calculators routinely available to get these numbers so estimates like "the Rule of 72" were quite useful. You might have to dig out a book of tables for various rates and times for things like this. I have also seen amortization tables as we...
by BL
Tue Aug 11, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Another question on Vanguard 1099-DIV
Replies: 30
Views: 1152

Re: Another question on Vanguard 1099-DIV

I suggest trying out a low-cost tax prep program for 2019 such as below, using the data already used by your tax preparer, assuming you get it back. Compare the results with the one you paid for. It sounds like you are very close to being able to do it yourself. Once you have done one year, it can p...
by BL
Sun Aug 09, 2020 10:07 am
Forum: Personal Investments
Topic: Portfolio Critique for a 91 year old woman
Replies: 27
Views: 2585

Re: Portfolio Critique for a 91 year old woman

Thank you for looking out for your mother. I would want to make a plan for money that matures or is called from her bonds. Total Bond Market or CDs/savings or money market accounts might be suitable. Beyond that, I would move cautiously, especially in taxable account where taxes are concerned. You m...
by BL
Sun Aug 09, 2020 12:23 am
Forum: Personal Consumer Issues
Topic: Recurring Amazon Charge (fraud suspected)
Replies: 13
Views: 1745

Re: Recurring Amazon Charge (fraud suspected)

I would contact them by phone and try to find out what the charges are for. Last year I got an offer for an Amazon Card (already used the Chase Prime CC) that must have had a trial subscription or something. I got but didn't use the card but after a few months I got an e-mail from a bank I didn't re...
by BL
Thu Aug 06, 2020 4:25 pm
Forum: Personal Investments
Topic: Help my Aunt decide on Edward Jones or somewhere else
Replies: 55
Views: 3181

Re: Help my Aunt decide on Edward Jones or somewhere else

Agree to find another less costly "home" for Aunt's savings. The big three (Fidelity, Schwab, and Vanguard) mentioned all have low-cost (low Expense-Ratio) funds so if you determine what you want they can serve you well. I hesitate to suggest other than Vanguard if you want someone to advise you, as...
by BL
Mon Aug 03, 2020 8:51 am
Forum: Personal Investments
Topic: Interest rates
Replies: 30
Views: 1798

Re: Interest rates

Are you using the dividend/capital gains distributions that you get from your equities, rather than reinvesting them? If not, that would be my first step (since you are paying tax on them now), after dividends from CDs. Then sell equities as needed for your income requirements. Setting 2-3% withdraw...
by BL
Mon Aug 03, 2020 7:28 am
Forum: Personal Consumer Issues
Topic: Move to NE Ohio?
Replies: 71
Views: 4346

Re: Move to NE Ohio?

Chardon (Geauga county) is a lovely town, with community theatre and Maple Festival, good schools, etc. I know someone who grew up in Cleveland, and later chose Chardon when he returned with family some years later. Yes, they get lake-effect snow, but temps are probably much better than Chicago.
by BL
Mon Aug 03, 2020 7:09 am
Forum: Personal Investments
Topic: Anything special to consider for 10yr deadline
Replies: 2
Views: 362

Re: Anything special to consider for 10yr deadline

My suggestion would be to put your bond allocation in there and use the equities in your other accounts that don't need to be liquidated in 10 years. This would both slow the growth there and be available for withdrawal when you retire early, even if equities should happen to be down at the time. Eq...
by BL
Wed Jul 29, 2020 12:48 am
Forum: Personal Investments
Topic: Portfolio Analysis please
Replies: 56
Views: 4731

Re: Advisor moved me from all S&P to these...thoughts?

The 12b-1 fees mentioned are a part of the Expense Rate (ER) that are kicked back to the advisor/brokerage. AFAIK, Vanguard funds and most ETFs do not have any 12b-1 kickbacks and have very low ERs. It is important to look up the ERs of the funds to know how much you lose every year to them.
by BL
Mon Jul 27, 2020 12:39 pm
Forum: Personal Investments
Topic: 23 Year Old / First Job / Trying to get finances in order
Replies: 23
Views: 1515

Re: 23 Year Old / First Job / Trying to get finances in order

Good job to get started so early! I would like to suggest learning to do your own taxes. IRS website has all the forms, instructions, and Pub. 17 among others, to get you through it. Or you could buy a tax-preparing program like Turbo-Tax or H&R Block, sometimes on sale for $20+ to $50+. There may b...
by BL
Sat Jul 25, 2020 2:39 pm
Forum: Personal Investments
Topic: Beneficiary of mothers 401(k) question
Replies: 5
Views: 612

Re: Beneficiary of mothers 401(k) question

OP, if you are the only one inheriting this, it might be a good idea for some portion of the IRA. If she has high expenses for assistance, long-term care, or other similar expenses in the future, she might be able to deduct (itemize) many of those expenses, so perhaps leave plenty to cover that. Any...
by BL
Sat Jul 25, 2020 8:06 am
Forum: Personal Investments
Topic: How to get out of Capital Group (American Funds)
Replies: 12
Views: 1237

Re: How to get out of Capital Group (American Funds)

There is a huge difference in on-going costs between the class he used and the very expensive Class C funds!
by BL
Fri Jul 24, 2020 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Order of liquidation (stocks or CDs)
Replies: 7
Views: 476

Re: Order of liquidation (stocks or CDs)

A short term loss is even better than a long term loss, because it can first off-set short term gains which would otherwise be taxed at your regular tax rate. Then, when no more short-term gains, it will off-set long-term gains and then any left would off-set 3000 of ordinary income and the rest wou...
by BL
Wed Jul 22, 2020 1:29 am
Forum: Personal Investments
Topic: My First Question!! <Wow> [NJ school teacher - where to invest after backdoor Roth]
Replies: 45
Views: 3114

Re: My First Question!! <Wow> [NJ school teacher - where to invest after backdoor Roth]

If you are likely to retire in 30 years or less, I-Bonds at TreasuryDirect.gov is worth consideration for some fixed income. It only accepts 10k/yr/person but that could be a decent place to save fixed income at rates that follow the CPI but never drop below zero.
by BL
Sat Jul 18, 2020 5:29 pm
Forum: Personal Investments
Topic: Portfolio review - shifting from 70/30 to 50/50
Replies: 7
Views: 1174

Re: Portfolio review - shifting from 70/30 to 50/50

Have you looked at I-Bonds at TreasuryDirect.gov for tax-deferred interest and inflation-based? You should be retired by the time they mature (you can cash in anytime after 1 year) and can each invest up to 10k/yr.
by BL
Thu Jul 16, 2020 10:02 pm
Forum: Personal Investments
Topic: 81 yr old -need simple investment strategy
Replies: 56
Views: 5949

Re: 81 yr old -need simple investment strategy

sycamore wrote: Thu Jul 16, 2020 3:43 pm
Outer Marker wrote: Thu Jul 16, 2020 3:34 pm ...
We had a plan. . .
+1
Making a plan ahead of time is the best way to deal with these difficult situations.
+1
by BL
Thu Jul 16, 2020 11:53 am
Forum: Personal Investments
Topic: 81 yr old -need simple investment strategy
Replies: 56
Views: 5949

Re: 81 yr old -need simple investment strategy

Think about how to make things better for your mom; please don't concentrate your attention on doing things for your benefit with her money, especially when she is dying. With all due respect, this is simply about prudent estate planning. OP says mom is in good health. Having a plan in advance make...
by BL
Thu Jul 16, 2020 2:30 am
Forum: Investing - Theory, News & General
Topic: Roth 401K vs. Traditional Question (Fine Tuning)
Replies: 19
Views: 1024

Re: Roth 401K vs. Traditional Question (Fine Tuning)

Have you studied the traditional vs. Roth topic in the Wiki? Here it is: https://www.bogleheads.org/wiki/Traditional_versus_Roth I would choose at least enough traditional to avoid the higher bracket. It is not too bad this year, but it sounds like it will continue increasing. There are enough unkno...
by BL
Thu Jul 16, 2020 12:15 am
Forum: Personal Investments
Topic: 81 yr old -need simple investment strategy
Replies: 56
Views: 5949

Re: 81 yr old -need simple investment strategy

Think about how to make things better for your mom; please don't concentrate your attention on doing things for your benefit with her money, especially when she is dying.
by BL
Wed Jul 15, 2020 5:31 pm
Forum: Personal Investments
Topic: How to change AA if target date fund in 401k
Replies: 16
Views: 724

Re: How to change AA if target date fund in 401k

Is your IRA a Roth? Otherwise adding bonds to a traditional IRA is fine.
by BL
Wed Jul 15, 2020 11:02 am
Forum: Personal Investments
Topic: Jack and Vanguard Faithful Considering Fidelity Index Funds for Zero Minimum Investment
Replies: 82
Views: 5831

Re: Jack and Vanguard Faithful Considering Fidelity Index Funds for Zero Minimum Investment

The minimum initial investment for Vanguard Target Retirement Funds and Vanguard STAR Fund is $1,000. A $3,000 minimum applies to most other funds.
Just in case you didn't know. I would save up until I had at least $1k to invest anyway. Small amounts can be added after that.
by BL
Wed Jul 15, 2020 12:29 am
Forum: Personal Investments
Topic: Advise on retirement income funds
Replies: 12
Views: 1308

Re: Advise on retirement income funds

Agree that Class C or other high-expense ratio funds should be avoided if at all possible. Look for low-ER index funds or target date funds instead. See the Wiki on 3-fund portfolio for suggestions: https://www.bogleheads.org/wiki/Three-fund_portfolio Don't buy any more annuities except for possibly...
by BL
Tue Jul 14, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth paying management fees?
Replies: 23
Views: 2299

Re: Is it worth paying management fees?

Maybe put all of your money in that fund and avoid all management costs! That target date index fund has a low ER, probably lower than the average ER on the managed funds, not to consider any added cost for management. The Target fund is very well managed!
by BL
Mon Jul 13, 2020 1:17 am
Forum: Investing - Theory, News & General
Topic: Does it make financial sense to transfer from American Funds to Vanguard
Replies: 12
Views: 830

Re: Does it make financial sense to transfer from American Funds to Vanguard

Are these funds being managed by someone? If not, I would consider transferring them to the new broker rather than selling first. Then you can take your time to sell when you choose to do it. I believe they are Class A funds that Vanguard or any brokerage would sell without any charge, but don't kno...
by BL
Sat Jul 11, 2020 4:24 pm
Forum: Personal Investments
Topic: 81 yr old -need simple investment strategy
Replies: 56
Views: 5949

Re: 81 yr old -need simple investment strategy

With a $22k per year income, she is barely above the 10% bracket. So the usual considerations about the tax-efficiency etc. can be safely thrown out the window. I suggest VTINX (Vanguard Target Retirement Income Fund), which is a blend of 30% stocks and 70% bonds for both the IRA and non-IRA portio...
by BL
Fri Jul 10, 2020 11:08 am
Forum: Personal Investments
Topic: Portfolio help for a recent widow
Replies: 22
Views: 1550

Re: Portfolio help for a recent widow

No pension but she has a SS survivor's benefit and her own social security benefit that will provide some cash flow starting at age 62. Be careful that you're not counting something that won't be there. I thought that if you are taking a surviving spouse benefit based on your spouse's social securi...
by BL
Fri Jul 10, 2020 1:46 am
Forum: Personal Consumer Issues
Topic: Need advice for raspberry pi
Replies: 39
Views: 2881

Re: Need advice for raspberry pi

Not sure what the current thing is, but Lego Logo was great (it might be Mindstorms now). Worth checking out if you think he'd like programming Lego robots. School kids are having robotic competitions these days, so getting some prior experience along those lines might be fun and useful. Digikey . c...
by BL
Thu Jul 09, 2020 7:56 am
Forum: Personal Investments
Topic: Vanguard Mutual Funds or Vanguard Index Funds
Replies: 17
Views: 1814

Re: Vanguard Mutual Funds or Vanguard Index Funds

Here is a quick/free pdf with great info in its 16 pages, written by Dr. William Bernstein for his adult children. https://www.etf.com/docs/IfYouCan.pdf This is written by a recommended author and covers the gamut of what will make you a successful investor. Funds are required to state in their pros...
by BL
Wed Jul 08, 2020 12:51 pm
Forum: Personal Investments
Topic: Roth Advice, Military Related
Replies: 22
Views: 916

Re: Roth Advice, Military Related

Definitely put in as much as you can into either Roth TSP or traditional TSP. When you retire, you can roll them into a Roth IRA and a traditional IRA (or not). You can afford to put in more to a traditional TSP because you get to keep the tax on it you would ordinarily pay, while a Roth TSP or Roth...
by BL
Mon Jul 06, 2020 4:43 pm
Forum: Personal Consumer Issues
Topic: Recommendations for customizing a new HP desktop tower purchase
Replies: 20
Views: 887

Re: Recommendations for customizing a new HP desktop tower purchase

I see no harm in trying to do the upgrade to windows 10 Pro from the Microsoft website. I did this on my Dell Windows 7 Pro desktop (bought used) when I read about it here and decided to try that before buying a new one, as I was worried about the security support ending. I didn't have to give them ...
by BL
Mon Jul 06, 2020 12:49 pm
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 109
Views: 9343

Re: Does it really matter when you claim Social Security

If you have a spouse, it may matter more.