Search found 9380 matches

by BL
Wed May 27, 2020 12:56 pm
Forum: Personal Investments
Topic: How do I invest for my retired mom?
Replies: 16
Views: 1178

Re: How do I invest for my retired mom?

Just to cover all your bases you should investigate putting about $100k into a Single Premium Immediate Annuity (SPIA). Currently one of these would pay about $6100/year for life non-inflation adjusted. Is there any way that she can pick up a part time job to make up the difference? Otherwise do wh...
by BL
Tue May 26, 2020 7:50 am
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 101
Views: 7392

Re: Is Vanguard's Personal Advisor Service Worth It???

I believe most folks at BH's like to figure out investing and spending time doing it. In that case there is no need for PAS. However, many have mentioned having their surviving spouse use PAS. I believe most of the folks new to this site and asking about investing are closer in experience and intere...
by BL
Tue May 26, 2020 6:51 am
Forum: Personal Investments
Topic: Question about Edward Jones disapproval
Replies: 40
Views: 3795

Re: Question about Edward Jones disapproval

I believe I read here that you pay either management fees plus 12b-1 fees out of your ER (expense ratio) within the fund, or you pay a front load plus 12b-1 fees, not both charges. These days, everyone has direct online access to low-cost brokerages with low-ER index funds (and sometimes other expen...
by BL
Sun May 24, 2020 9:53 pm
Forum: Personal Investments
Topic: Managing an Inheritance
Replies: 7
Views: 1374

Re: Managing an Inheritance

First of all, the inheritance was probably to just one of you. The only way to keep it separate is to keep it separate. You don't indicate that you are married. If this is true, the above goes double. The money could go into a separate taxable account(s) in just your name. This would keep it separat...
by BL
Fri May 22, 2020 2:06 pm
Forum: Personal Investments
Topic: A very simple situation but help is needed [How should I invest my 150k?]
Replies: 19
Views: 1628

Re: A very simple situation but help is needed [How should I invest my 150k?]

You have received a good portfolio suggestion above. Simple is good. All in 401k traditional and all 6k in Roth IRA is simple. A simple 1-3 fund portfolio is fine if ERs are much less than 0.5%: 1. A one fund such as Target date (chosen by bond %) or Fidelity's four-in-one fund or target date INDEX ...
by BL
Fri May 22, 2020 11:32 am
Forum: Personal Investments
Topic: What to do with cash?
Replies: 32
Views: 4741

Re: What to do with cash?

imak wrote:
Thu May 21, 2020 11:49 pm
Long term Municipal bond fund (VWLTX or VTEB) is a good option for parking cash for 1+ year horizon
Not so sure. The last couple months have been quite a bumpy ride! (I didn't have enough in there to worry about, thank goodness.)
by BL
Thu May 21, 2020 3:00 pm
Forum: Personal Investments
Topic: Deciding which cost basis shares to sell
Replies: 9
Views: 670

Re: Deciding which cost basis shares to sell

How do you do your taxes? A program such as Turbo Tax or H&R Block should handle it well when you retrieve the info from previous year.
by BL
Thu May 21, 2020 2:15 pm
Forum: Personal Investments
Topic: I freaked out…now what?
Replies: 60
Views: 6086

Re: I freaked out…now what?

Start buying some equities now and on a regular basis. For example, 5% on the first of the month for 6 months would bring you back to 30% equities. Then pause and rethink whether you want another 10% equities. Also look at possibilities for your fixed income. What is it in now? Maybe you can find so...
by BL
Wed May 20, 2020 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Transfer on Death MN help
Replies: 9
Views: 603

Re: Transfer on Death MN help

I am trying to understand the same thing in same state.

I believe it would not require probate on that item with TODD, so the ownership transfer would be immediate rather than waiting for probate if it were in a will. Then it could be sold immediately if desired.
by BL
Wed May 20, 2020 10:15 am
Forum: Personal Investments
Topic: Transferred From EJ to Vanguard... Now What?
Replies: 9
Views: 454

Re: Transferred From EJ to Vanguard... Now What?

Yes, I believe they charge a back-end load of 1% on funds owned less than a year. Meantime, you are paying over 1% ER on the funds, 1.33% on IFACX, so they have you either way in paying out extra money. vfifx is only 0.15% ER, more than 1% less cost, so I would want to switch soon. It can probably b...
by BL
Wed May 20, 2020 1:59 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3982

Re: Dual citizen, USA passport expiring, how to travel internationally

Just for a point of reference, I applied by mail end of February. I did got to the website and learned they recognized me, gave a status update, and had me verify my email address. Hopefully they are well along in the process by now, but I am not holding my breath waiting. That is what I get for pro...
by BL
Wed May 20, 2020 12:31 am
Forum: Personal Investments
Topic: New to Vanguard!
Replies: 30
Views: 2065

Re: New to Vanguard!

.... Anyhow, I currently have two IRA's on Vanguard, one is mine the other my wife. They are both traditional as our income does not allow to start a Roth. I've read I should convert the traditional to a roth, but, I have some questions on that. Maybe convert when you have low income (eg. retired),...
by BL
Tue May 19, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing, should we change our direction?
Replies: 12
Views: 1038

Re: How are we doing, should we change our direction?

I think you should both contribute to Roth IRAs to the max. Not so sure about cutting 401ks vs paying extra on mortgage. I would then convert that 1600 in IRA to Roth IRA as well. It could be rolled into 401k but it is so small I would just convert it and pay the tax. Since you will have a pension, ...
by BL
Tue May 19, 2020 12:12 pm
Forum: Personal Investments
Topic: New to Vanguard!
Replies: 30
Views: 2065

Re: New to Vanguard!

.... Anyhow, I currently have two IRA's on Vanguard, one is mine the other my wife. They are both traditional as our income does not allow to start a Roth. I've read I should convert the traditional to a roth, but, I have some questions on that. Maybe convert when you have low income (eg. retired),...
by BL
Tue May 19, 2020 11:25 am
Forum: Personal Investments
Topic: Help me correct my Dad's Retirement Portfolio
Replies: 14
Views: 1453

Re: Help me correct my Dad's Retirement Portfolio

They might like to read the updated edition of Jane Bryant Quinn's book for retirees: How to Make Your Money Last . Here is an interview with her in Forbes: https://www.forbes.com/sites/nextavenue/2020/01/09/jane-bryant-quinns-new-thinking-on-making-your-money-last/#4cedb4a64a0e Are your parents tog...
by BL
Tue May 19, 2020 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Contributions vs. HELOC
Replies: 7
Views: 333

Re: Roth IRA Contributions vs. HELOC

What is the interest rate on the HELOC? Was what you spent it on more important than a new deck? What is your monthly spend? What expenses can you cut for maybe 6 months to accumulate more cash? Can you sell some stuff? Time to raise some cash to pay (ahead) for your needed deck. In the meantime mak...
by BL
Mon May 18, 2020 2:43 pm
Forum: Personal Investments
Topic: Advice for 45 year old just starting to invest
Replies: 5
Views: 607

Re: Advice for 45 year old just starting to invest

DR may have great advice to help you get out of debt, but his investing advice isn't considered the greatest by most BHs. A target date fund is probably very appropriate (also the 3-fund portfolio, see Wiki) . It is a good idea to look up the % of bonds and choose whatever date fits your needs. You ...
by BL
Mon May 18, 2020 2:19 pm
Forum: Personal Consumer Issues
Topic: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?
Replies: 43
Views: 1510

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

One thing I rarely see mentioned is replacing the wax filter. I bought a supply at Amazon so have them ready (about 40 cents each in 5-pack pkg of 8 each). Yesterday one aid quit and it hadn't given any warning; besides I just replaced it a few days ago. Anyway, I pulled the rubber cover off the end...
by BL
Mon May 18, 2020 1:06 pm
Forum: Personal Investments
Topic: Governmental 457 safe?
Replies: 17
Views: 919

Re: Governmental 457 safe?

My quick check way is to find out if it can be rolled into an IRA when leaving work. If so that means it is governmental. If not, you can't, and it will stay there until you withdraw it, leaving it at risk with employer. Looks like you got a straight answer, which is of course better yet. I believe ...
by BL
Fri May 15, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance- What to do at end of Term?
Replies: 37
Views: 2462

Re: Term Life Insurance- What to do at end of Term?

I looked up 30-yr old male in my part of the country at term4sale.com. Prices start at: $370/yr 20-yr term $520/yr 25-yr term $635/yr 30-yr term Remember SS pays child while in high school, and survivor also if low/no income and child is under ~16. I get a $5300 total difference in 20 yrs between 20...
by BL
Fri May 15, 2020 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance- What to do at end of Term?
Replies: 37
Views: 2462

Re: Term Life Insurance- What to do at end of Term?

If you are uncomfortable switching to another local (independent) broker, check out term4sale.com or other companies recommended on BH. Buying just 20-year when you need 30-year just doesn't make sense. The others may even be cheaper. As long as you have a highly rated company, you should be able to...
by BL
Thu May 14, 2020 10:45 am
Forum: Personal Investments
Topic: Help needed on portfolio (75 y.o. family member)
Replies: 12
Views: 843

Re: Help needed on portfolio (75 y.o. family member)

There are some good ideas above. If she is divorced but was married at least 10 years, she could draw on ex-husband's SS even if he is not drawing it, which might be higher than she is now getting. (Also if he dies, she could draw on his amount as a survivor.) Check out that life insurance. There mi...
by BL
Tue May 12, 2020 8:56 am
Forum: Personal Investments
Topic: transfer from Edward Jones (*updated)
Replies: 12
Views: 1803

Re: transfer from Edward Jones (*updated)

Take a look at term4sale.com website or other Boglehead-suggested sites and see the costs so you know what a low-cost premium should be (if healthy). Check with a local INDEPENDENT insurance broker and have them scout around various companies to see the best price for your health and age. Do NOT go ...
by BL
Tue May 12, 2020 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Undoing a wash sale
Replies: 9
Views: 420

Re: Undoing a wash sale

Not an expert, especially on ETFs, but I don't think buying nearly identical funds within the 30 days would help anything, but probably hurt. The selling of newer shares should not have caused a wash sale, only the not selling of anything purchased within the last 30 days of the same ETF you were TL...
by BL
Mon May 11, 2020 2:23 pm
Forum: Personal Consumer Issues
Topic: Hospice care - room and board
Replies: 33
Views: 2586

Re: Hospice care - room and board

Sorry for your loss, Dottie. I know it is a difficult time.
by BL
Mon May 11, 2020 2:03 pm
Forum: Personal Investments
Topic: 401K Portfolio AA & Reinvesting from Cash Position
Replies: 6
Views: 566

Re: 401K Portfolio AA & Reinvesting from Cash Position

The fact that you can't seem to start putting money into equities tells me you are not suited to such aggressive investing. Maybe choose something like age in bonds and other fixed income and the rest in equity index funds such as the 3-fund portfolio (search Wiki for 3-fund). The important thing is...
by BL
Mon May 11, 2020 11:29 am
Forum: Personal Investments
Topic: Transferring large managed brokerage to Schwab, please help and review my plan!
Replies: 35
Views: 1737

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

Are you aware that you can probably open a 403b (as well as your 457b) and stuff more bonds there? They would each have a separate max of 19+ k. Also, I-bonds from treasuryDirect mean you don't pay tax on interest until you cash it in. If you are below an income limit, it can have tax benefits when ...
by BL
Sun May 10, 2020 12:26 pm
Forum: Personal Investments
Topic: Helping Parents with Retirement [Updated - have annuity questions]
Replies: 49
Views: 6044

Re: Sell or keep Annuities (Helping Parents with Retirement)

Perhaps a new topic (or title change??) might bring in someone more knowledgeable on annuities. QCDs after age 70.5 (not a day earlier!) as part of RMD, or not, is a great simple way to do any charitable contribution. Either call Vanguard or request it online to have them send you the checks made ou...
by BL
Sun May 10, 2020 1:53 am
Forum: Personal Investments
Topic: Helping Parents with Retirement [Updated - have annuity questions]
Replies: 49
Views: 6044

Re: Helping Parents with Retirement

Hi, Annuities at Prudential Annuity #1 : Premier Retirement L Series Type: Individual Retirement Account Assets: $77k Guaranteed Lifetime Income: $4,116.22/Yr Death Benefit Value $77k Surrender Value $75k Contingent Deferred Sales Charge: $1,695.23 CDSC End Date: 08/18/2020 Annuitization Date: 04/0...
by BL
Thu May 07, 2020 10:43 pm
Forum: Personal Investments
Topic: Most tax efficient way to liquidate $200k inherited tIRA
Replies: 20
Views: 1961

Re: Most tax efficient way to liquidate $200k inherited tIRA

As a teacher you might be able to set up a 457B account to double the 403b amount of tax-deferred. It is not always easy to find it, but your state may offer it. It has some advantages such as no penalty to withdraw money anytime after you no longer work there, even before age 50.
by BL
Thu May 07, 2020 12:44 am
Forum: Personal Investments
Topic: Deluded by dividends, bond interest, & cap gains
Replies: 29
Views: 2305

Re: Deluded by dividends, bond interest, & cap gains

The total gain includes price increases (NAV) as well as reinvesting the 3 mentioned above. If you pull them out and spend them, it lowers the value of what you had. If you choose a fund based on just dividends, that isn't as good as simply choosing a good fund. It all depends on the context and the...
by BL
Thu May 07, 2020 12:28 am
Forum: Personal Investments
Topic: Getting out of American Funds
Replies: 41
Views: 2455

Re: Getting out of American Funds

If he has never paid attention to his funds in the past, I do think a single combined fund is a great idea. It is not as painful to look at if, for example, stocks crash, as the bond portion may not fall as much so the total looks better than a single stock fund. Having something you can sleep well ...
by BL
Wed May 06, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Roth and pretax
Replies: 3
Views: 348

Re: 401K Roth and pretax

You could direct all of it to a Roth IRA and pay the same tax on the 5k.
by BL
Wed May 06, 2020 1:30 pm
Forum: Personal Investments
Topic: Getting out of American Funds
Replies: 41
Views: 2455

Re: Getting out of American Funds

I doubt that there is a charge to sell Class A American funds. I understand even Vanguard doesn't charge to sell those. He most likely has already paid an expensive front load of maybe 5-6% so the big costs are already paid. The "advisor" is also getting a 12b-1 kickback out of that expense ratio. Y...
by BL
Wed May 06, 2020 11:42 am
Forum: Personal Investments
Topic: Death Benefit -Annuity Inheritance
Replies: 38
Views: 2006

Re: Death Benefit -Annuity Inheritance

A Roth IRA, though an excellent investment, will not lower your AGI.
by BL
Sun May 03, 2020 8:08 am
Forum: Personal Investments
Topic: 87 year old portfolio analysis
Replies: 9
Views: 1030

Re: 87 year old portfolio analysis

I think his portfolio is decent, so wouldn't worry much about that. It is not exactly what many of us would choose, but nothing critical stands out. The amounts of single stocks are small enough to not be worrisome. Wellesley and Life Strategy Income have lots of bonds, so having the rest of fixed i...
by BL
Sun May 03, 2020 1:24 am
Forum: Personal Investments
Topic: Help evaluating whole life policy- in force illustration
Replies: 8
Views: 862

Re: Help evaluating whole life policy- in force illustration

You have kept it long enough so if you want to think of it as a fixed income product, it compares favorably with current interest rates. As someone mentioned, the heavy load has been covered so it is not so bad at this time for an inflexible investment. However, $25+ k is not that great an amount an...
by BL
Thu Apr 30, 2020 1:29 pm
Forum: Personal Investments
Topic: Moving elderly parents' Asset Allocation
Replies: 18
Views: 1271

Re: Moving elderly parents' Asset Allocation

If you search our Wiki for "3-fund portfolio" you will find suggested funds from several brokerages: https://www.bogleheads.org/wiki/Three-fund_portfolio right; I had already read the wiki, and I guess my question (not clearly stated in op) was how the total bond equivalent at Schwab stacked up aga...
by BL
Wed Apr 29, 2020 10:26 am
Forum: Personal Investments
Topic: Moving elderly parents' Asset Allocation
Replies: 18
Views: 1271

Re: Moving elderly parents' Asset Allocation

If you search our Wiki for "3-fund portfolio" you will find suggested funds from several brokerages: https://www.bogleheads.org/wiki/Three-fund_portfolio Simple is better. Make it legal at the brokerage. We are of an age where it is good to have a desired number of years worth in cash equivalents, s...
by BL
Tue Apr 28, 2020 2:17 am
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual (65 to Life) Insurance. Keep it?
Replies: 42
Views: 2126

Re: Northwestern Mutual (65 to Life) Insurance. Keep it?

Not sure if cash value is surrender amount. Ask or get an In-Force Illustration with guaranteed values. Even if you don't get anything back, the sooner you dump it the better, except possibly waiting for the next anniversary to reduce the surrender penalty. Even so, if you have to keep putting money...
by BL
Tue Apr 28, 2020 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Whats the best way to course correct on my life insurance needs
Replies: 10
Views: 609

Re: Whats the best way to course correct on my life insurance needs

Price every possibility as it is quick and easy at term4sale. Be sure to actually buy the term before cancelling anything since you may not qualify for cheap insurance if they find any health problems. Look at costs from now going forward; don't worry about sunk costs.
by BL
Tue Apr 28, 2020 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Home Equity Loan to pay off Credit Cards with high debt]
Replies: 9
Views: 707

Re: Home Equity Loan to pay off Credit Cards with high debt]

Your spouse and you need to take one or more jobs, any kind of job, while waiting/hoping to get back his original or similar job. It may never be there. You both need to do this as it is an emergency and likely won't get better by moving debt from one place to another. Freeze your CC in a milk carto...
by BL
Tue Apr 28, 2020 1:09 am
Forum: Personal Investments
Topic: Most tax efficient way to liquidate $200k inherited tIRA
Replies: 20
Views: 1961

Re: Most tax efficient way to liquidate $200k inherited tIRA

I would put all my desired bonds into the inherited IRA (exchange from Wellesley which has 65% bonds) to hold down the expected increase from equities as much as possible. Check the Wiki page on Roth vs trad 4xx. Perhaps a few years of traditional while drawing a greater amount of the inherited IRA ...
by BL
Mon Apr 27, 2020 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 4965

Re: Take Social Security now, at 66, during Corona-virus?

I didn't notice any mention of the federal tax on SS. You will have at least 15% of your SS tax-free, and it could be much more (with very low income, none of it will be taxed in federal.) With no RMDs, you may not be paying any tax on SS. As other income increases, more and more of you SS will be t...
by BL
Sun Apr 26, 2020 1:47 am
Forum: Personal Investments
Topic: Mother has only $85K to sustain her
Replies: 81
Views: 8123

Re: Mother has only $85K to sustain her

I would check the SS of recent spouse who died just in case it is greater than the one she now has. There might be a 2-year limit so check soon. Contact the Senior Linkage Line or, whatever the support line is in your state, to find out if she is eligible for subsidized housing, food, etc. Also chec...
by BL
Fri Apr 24, 2020 1:23 pm
Forum: Personal Consumer Issues
Topic: Zoom meetings
Replies: 39
Views: 3136

Re: Zoom meetings

I just got a Amcrest 1080P WebCam from Amazon for under $60. Got it hooked up, tested, and ready for our weekly family Zoom meeting on either the desk top or IdeaPad. I am a rank amateur but it was no problem to get it going. Ordered it Saturday and it arrived early on Wednesday even though it said...
by BL
Fri Apr 24, 2020 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Unemployed renter w/1.1m taxable - looking to buy 400k home for cash
Replies: 36
Views: 3817

Re: Unemployed renter w/1.1m taxable - looking to buy 400k home for cash

I can understand the pull of family and friends when you are unemployed, forced to "stay at home", and possibly a bit depressed. It sounds like you could go "home" for a while, rent and look around for work possibilities, or just heal for a bit and maybe work at an essential service job before looki...
by BL
Fri Apr 24, 2020 2:52 am
Forum: Personal Consumer Issues
Topic: Zoom meetings
Replies: 39
Views: 3136

Re: Zoom meetings

I just got a Amcrest 1080P WebCam from Amazon for under $60. Got it hooked up, tested, and ready for our weekly family Zoom meeting on either the desk top or IdeaPad. I am a rank amateur but it was no problem to get it going. Ordered it Saturday and it arrived early on Wednesday even though it said ...
by BL
Wed Apr 22, 2020 9:16 pm
Forum: Personal Investments
Topic: Indexed Universal Life Insurance
Replies: 15
Views: 604

Re: Indexed Universal Life Insurance is it worth it in my situation?

Maybe get the term set up before you drop it, especially in times like this. Not much lost yet, but it will start to count up. I doubt you get anything back. Does your company offer a 401k? Agree it doesn't sound good, even with subsidy. Are you paying tax on company and your contribution? If you li...