Search found 7932 matches

by BL
Sun May 20, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 44
Views: 3527

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

So sorry for your loss. I agree that this is a very stressful time that may even last a year or so, and there is never a rush to make a major decision. The important thing is not to do the things that could be a major problem later. You have enough with just the necessary business that comes up now....
by BL
Sun May 20, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 33
Views: 3395

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

123, Sounds like a decent strategy. However, in the event you pass, how does your wife manage the cash. Are dividends from Life Strategy reinvested or moved to money market? What about selling some losses for tax writeoff? What about estate planning? We are in a similar situation and I am concerned...
by BL
Sat May 19, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 71
Views: 3842

Re: What’s your phone/internet bill?

<20 1 cell, 1 smartphone on Tracfone
225 package: video + 2DVRs +HD, landline + 350 min long distance, internet (unlimited 10 mbps down and up)
fiber optics

245 total/month, about 20% capital credits (eventual cash-back)
by BL
Fri May 18, 2018 6:24 am
Forum: Investing - Help with Personal Investments
Topic: 401K to IRA (job change) question
Replies: 6
Views: 504

Re: 401K to IRA (job change) question

No harm in rolling to current or separate rollover IRA, as long as you are choosing low-ER index funds and not paying big bucks for management. If setting up your 401k in the future, you might consider one that allows you to roll the IRAs back into it.
by BL
Thu May 17, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Buying I bonds - what is the purpose of Registration on TD website
Replies: 12
Views: 1333

Re: Buying I bonds - what is the purpose of Registration on TD website

You should be aware that the rate changes every 6 months, depending on the CPI-U (one of the several consumer price indexes the government publishes). The nice thing is the I-Bond helps keep up with inflation , but can never drop below zero in return. There is a second part of the rate (which has be...
by BL
Tue May 15, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest $600K for Retirees
Replies: 26
Views: 3887

Re: How to Invest $600K for Retirees

Yes, reading a few books and Wiki is a good idea. I also like the Boglehead's book on retirement and have enjoyed the How to Make Your Money Last by Jane Bryant Quinn. That is a handy reference for topics that come up in retirement and full of common sense. Your library probably has them, or link to...
by BL
Tue May 15, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's investments, please.
Replies: 41
Views: 3471

Re: Help with my mom's investments, please.

Here is another quick read for both of you to get some basics or review some basics. https://www.etf.com/docs/IfYouCan.pdf It is written by Boglehead-recommended author, Dr William Bernstein, for his young adult kids getting started in investing. I think it covers the basics really good for all of u...
by BL
Mon May 14, 2018 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: 401K to IRA (job change) question
Replies: 6
Views: 504

Re: 401K to IRA (job change) question

Do you have a new job with a new (good) 401k? Maybe you could roll it there instead, and also move other rollover IRA if you have any need due to too high income for direct Roth contributions.
by BL
Mon May 14, 2018 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's investments, please.
Replies: 41
Views: 3471

Re: Help with my mom's investments, please.

I suggest you buy a new or used book (or use library) by Jane Bryant Quinn written just for folks with retirement decisions. There is an Amazon link on this site if that is desired: How to Make Your Money Last It is full of easy to read, common sense, suggestions on what to do with your money in ret...
by BL
Mon May 14, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest $600K for Retirees
Replies: 26
Views: 3887

Re: How to Invest $600K for Retirees

Can you talk them out of preserving principal? Total return should be considered, not just what it kicks off in dividends and distributed capital gains. Then consider how to invest or get the income they wish. Perhaps a SPIA would suit them: take a portion of portfolio and buy an annuity that genera...
by BL
Mon May 14, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for RMD's in 2 3/4 years
Replies: 4
Views: 511

Re: Preparing for RMD's in 2 3/4 years

If you give to charity, you can also use QCDs after age 70.5 for some/all of your RMDs and not pay any tax on it. You can not also itemize with the same $. Lowering you AGI could have some extra benefits such as SS taxable amount and Medicare Part B if higher income. I put my IRA in a single balance...
by BL
Mon May 14, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: New Job - Use High Fee 401k With Match or Other?
Replies: 31
Views: 1266

Re: New Job - Use High Fee 401k With Match or Other?

Do you have an emergency fund? It is suggested that 3-6 months worth of expenses be set aside for that. I don't see any mention of bonds or other fixed income. It is always good to have some of that (not sure DR believes in bonds.) You could consider I-Bonds that follow inflation, especially if you ...
by BL
Mon May 14, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: New Job - Use High Fee 401k With Match or Other?
Replies: 31
Views: 1266

Re: New Job - Use High Fee 401k With Match or Other?

I would definitely change your contribution to traditional 401k. If this lowers your income to below the Roth IRA limit, you could each contribute directly to that. (She could instead, if no 401k contributions, contribute to a deductible trad. IRA, again assuming under income limits.) You could cons...
by BL
Mon May 14, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: Doubling Your Money
Replies: 32
Views: 6640

Re: Doubling Your Money

The problem with $120K is that it is quite a bit less than we make now.
What is important is what you spend now, and also what spending looks like in the future. If you haven't already done so, I suggest you keep track now to find out.
by BL
Mon May 14, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Help to Leave Edward Jones / Allocation & Taxes
Replies: 18
Views: 1654

Re: Help to Leave Edward Jones / Allocation & Taxes

Your accounts in retirement funds (IRA, Roth IRA, inherited Roth) would not have any tax consequences as long as you don't remove anything out of the account. That is, you can buy and sell within each account as you wish and only have whatever cost your broker charges for that. There are no real cap...
by BL
Sun May 13, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Help to Leave Edward Jones / Allocation & Taxes
Replies: 18
Views: 1654

Re: Help to Leave Edward Jones / Allocation & Taxes

My understanding is that TSP is the very best place for retirement investing, and you should plan to keep it there as long as possible unless you can't handle a specific withdrawal problem. You can also move other IRAs into TSP as long as you keep it open. This means the lowest cost place available,...
by BL
Sun May 13, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on cashing in investment
Replies: 13
Views: 980

Re: Taxes on cashing in investment

Good luck to you. I sounds like it is not easy to deal with.

Most folks go through a lot of hoops to get ownership of inherited funds, so my guess is the beneficiary was pretty straight-forward for him to get the cash so fast.
by BL
Sat May 12, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Is Whole Life Insurance Worth It?
Replies: 50
Views: 3593

Re: Is Whole Life Insurance Worth It?

You can even get a local INDEPENDENT insurance agent to shop around for you for term insurance. To get a quick estimate check term4sale.com ; they also have agents available if you wish. Your friend only works for one company so you can't shop around for the best deal. You want a highly-rated compan...
by BL
Sat May 12, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on cashing in investment
Replies: 13
Views: 980

Re: Taxes on cashing in investment

I don't know your history, but to call any new and complicated situation statement by a 91 year old a lie, sounds really strange. Normally, an individual taxable account would have a step-up in basis at death, so no tax there. It is possible that beneficiaries were named, but it may not be easy to f...
by BL
Sat May 12, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mom's portfolio
Replies: 21
Views: 891

Re: Help with Mom's portfolio

Her tax bracket might also be useful. If in 12% bracket, there would be no CG tax up to the income limit for 0% CG tax, then 15% for amounts above that. This could affect Social Security if she is not already paying on 85% of SS. At higher amounts of income, Medicare Part B increases two years later...
by BL
Sat May 12, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Help to Leave Edward Jones / Allocation & Taxes
Replies: 18
Views: 1654

Re: Help to Leave Edward Jones / Allocation & Taxes

Questions: 1) Who is the best custodian to change to? I thought about chasing bonuses and splitting between a couple of brokerages, but my wife isnt too excited by that. I am prejudiced for Vanguard, and I use the old mutual fund side. Anyway, V, Fidelity, and Schwab all have some low-ER funds if y...
by BL
Sat May 12, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: TR2015 in a taxable account
Replies: 9
Views: 694

Re: TR2015 in a taxable account

I would look at last year 's 1040 on Line 43, to see the taxable income you had. That would be an estimate of how much space you have left to get to ~77k. The tax law changes this year will affect it some, but probably not so much, especially if you were using the Standard Deduction. So you have up ...
by BL
Fri May 11, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Year end tax forms for Investment accounts
Replies: 4
Views: 349

Re: Year end tax forms for Investment accounts

You will get a 1099-Div for dividends and perhaps a separate 1099-B for sales of funds.

Be sure to sign up for e-statements so you don't owe low-account fees. I forget what the minimum is, but no need to pay the fees.
by BL
Fri May 11, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Best option to max out 401k (Roth vs Traditional)
Replies: 8
Views: 1004

Re: Best option to max out 401k (Roth vs Traditional)

The limit is 18500 whether it is Roth or traditional.
The 18500 in Roth is worth more because there will be no tax paid in future, assuming you follow the rules.
by BL
Thu May 10, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones to Index funds model
Replies: 18
Views: 1923

Re: Edward Jones to Index funds model

If you know exactly what you want, any of them are fine. If you want to ask about which funds to choose, then I think Vanguard would be safer as they have mostly low ER funds and don't have incentive to up-sell you to more expensive solutions (except maybe the lower-cost PAS management).
by BL
Wed May 09, 2018 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Resignation letter
Replies: 66
Views: 6411

Re: Resignation letter

Did your wife ask for your "help"? I bet she can handle this fine on her own. Too many times us guys try to solve problems that aren't really a problem and just end up involved in something we shouldn't have stuck our noses into. Do you think I want to get involved? Far from that but what can a guy...
by BL
Tue May 08, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 97
Views: 10538

Re: Total Bond - SEC yield breaks 3%

For any who care, here are the current Fidelity brokered CD ladder rates. I love their automated tool, and the rates seem good. I got tired of my AGG and LQD falling more than I was comfortable with and bought a big 2 year CD ladder in my IRA. https://s3-us-west-2.amazonaws.com/megumi.img/aScreenSh...
by BL
Tue May 08, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Newb - Wanting to control my money
Replies: 19
Views: 2318

Re: Newb - Wanting to control my money

In addition, I suggest you search the Wiki for "backdoor Roth" If you have no (non-Roth) IRAs, you can put in 5500 each into a (non-deductible) traditional IRA, then quickly convert it to a Roth IRA. You would need to do an 8606 tax form for each year and person who does it. A Roth IRA is very speci...
by BL
Tue May 08, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Converting Admiral fund to ETF
Replies: 24
Views: 1466

Re: Converting Admiral fund to ETF

Is owning such a small amount (<$10K) of that fund worthwhile anyway? Perhaps just sell it all and get back in once your portfolio has increased a sufficient amount that owning more than $10K makes sense. +1 If you don't plan to get back to 10k within a year or so, why bother? Maybe stick with a Ta...
by BL
Tue May 08, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Calculating Asset Fees...
Replies: 13
Views: 777

Re: Calculating Asset Fees...

If you mention the name of the 457 company, there might be someone here who is familiar with that company. It does sound like you have a decent one, given what you have found so far. I believe they are required to disclose those numbers, although it may be hard to find them. The next thing is whethe...
by BL
Tue May 08, 2018 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Moving my Simple IRA from Ameriprise
Replies: 9
Views: 481

Re: Moving my Simple IRA from Ameriprise

I suggest you take your time and do a little reading. There are some suggested books in the Wiki, and Getting Started will help you get started. Here is the Wiki page which lists the 3 similar funds in various brokerages: https://www.bogleheads.org/wiki/Three-fund_portfolio Here is a nice little boo...
by BL
Tue May 08, 2018 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Nationwide Indexed Annuity
Replies: 7
Views: 584

Re: Nationwide Indexed Annuity

You are lucky to inquire about it before and not after buying when there is all that surrender cost to pay when you realize it was a bad choice. It is purposely made so difficult to understand that almost no ordinary person can fully understand it, and probably the salesman has no clue about much ex...
by BL
Mon May 07, 2018 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help with current Auto/Home/Umbrella/Term Life Insurance Policies
Replies: 6
Views: 717

Re: Help with current Auto/Home/Umbrella/Term Life Insurance Policies

I looked up a 10-year 1.5 million 10-yr. level term in my state for a female 40-yr-old: 10 Year Level Term Guaranteed A.M. Best Ratings as of: May 4 2018 Sagicor Life Insurance CompanyA- P+ Sage Term 10 $384.91 /yr or $34.64 /mo Select and Continue United of Omaha Life Insurance CompanyA+ P+ Term Li...
by BL
Mon May 07, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help with current Auto/Home/Umbrella/Term Life Insurance Policies
Replies: 6
Views: 717

Re: Help with current Auto/Home/Umbrella/Term Life Insurance Policies

For term insurance, I would check term4sale.com for ballpark figures, then find a local (recommended if possible) INDEPENDENT insurance agent to shop various companies for you and your needs . Perhaps both parents need enough to cover mortgage and a year or few years of income, depending on where yo...
by BL
Mon May 07, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Total Bond - SEC yield breaks 3%
Replies: 97
Views: 10538

Re: Total Bond - SEC yield breaks 3%

The year to date gain for Total Bond Market is -2.33%.
by BL
Mon May 07, 2018 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Converting Admiral fund to ETF
Replies: 24
Views: 1466

Re: Converting Admiral fund to ETF

I can't imagine messing around with account to save a handful of dollars. Did you multiply each ER times the $ amount you want to end up with and subtract the difference?

"Buy and hold" as much as possible is a good plan.

If I were moving to another brokerage, I would probably convert to ETFs.
by BL
Mon May 07, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating Asset Fees...
Replies: 13
Views: 777

Re: Calculating Asset Fees...

Your Expense Ratio (ER) won't be a separate charge or fee. I would look for fees that are actually taken from your account as well. About every fund has an ER that we essentially don't see. You have a very low ER there.

I recall an annual fee of 20 or 30 dollars along with higher ERs long ago.
by BL
Mon May 07, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Child and Dependent Credit vs Flex Savings Deduction
Replies: 6
Views: 367

Re: Child and Dependent Credit vs Flex Savings Deduction

If you pay less into SS now, you may collect less SS in retirement. For lower incomes, this can reduce SS pension considerably, but for higher incomes where you get a much smaller % back, maybe not so much. My guess is that, at lower incomes, your % back each year could be lower for flex based on yo...
by BL
Mon May 07, 2018 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Saver's credit.. Do I get that right?
Replies: 3
Views: 496

Re: Saver's credit.. Do I get that right?

It is based on AGI, not taxable income.
See:
https://www.irs.gov/retirement-plans/pl ... ers-credit

Also at 10% of 2000 each (4000), it would be 400, not 4000.
You would have to be below 38k to get 50% back.
by BL
Mon May 07, 2018 7:15 am
Forum: Personal Consumer Issues
Topic: When to buy new underwear?
Replies: 86
Views: 5921

Re: When to buy new underwear?

I buy more when my wife makes me. That is usually when they are threadbare, full of holes, and tattered. Having been an EMT in my younger days, I assure you many people still wear underwear in the condition you describe. Back in the day, kids were told they needed clean and non-raggedy underwear in...
by BL
Sun May 06, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4121

Re: How much should I save or would be available for health care in retirement?

I don't think HSA can be used for Medicare supplements. According to Turbotax: Insurance premiums. You can’t treat insurance premiums as qualified medical expenses unless the premiums are for: 1. Long-term care insurance. 2. Health care continuation coverage (such as coverage under COBRA). 3. Health...
by BL
Sun May 06, 2018 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Need encouragement with holding my bond fund assets
Replies: 27
Views: 2112

Re: Need encouragement with holding my bond fund assets

Not looking at the exact numbers, but OP is also investing monthly with the dividends distributed. So more than 40k was invested. I put in about 1/3 of OP's numbers about a year earlier and, last I looked, had lost value on every single purchase and reinvestment, so my experience is similar. If I we...
by BL
Fri May 04, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account
Replies: 52
Views: 5034

Re: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account

Suggest you do some reading before making big purchases. The recommended pdf, If You Can , is a great one for starters. Jane Bryant Quinn has a lot of common sense advise on personal finance, not just investing: Making the Most of Your Money NOW and later for actual retirement: How To Make Your Mone...
by BL
Fri May 04, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 17641

Re: Ed. Jones rep didn't like our plan, now we're locked out

I suggest you make a copy of the online statements as soon as they are available. Also be sure EJ is not authorized to make any changes unless you authorize it. Not sure if this is as much a problem as before they became a "fiduciary", but there could still be buy and sell charges, but maybe not loa...
by BL
Fri May 04, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4121

Re: How much should I save or would be available for health care in retirement?

Don't forget about dental, eye and glasses, and hearing aids, all of which can be quite expensive. Possibly some M.A. covers some of this, but some M.A. are a problem if you travel around the country a bit and need routine care away from home.
by BL
Fri May 04, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: US resident (non-citizen) soon returning needs advice
Replies: 8
Views: 968

Re: A timid investor needs a serious guidance

I would check online banks to get higher rates than 1%. Bankrate might have a list of banks. I hear about Alley bank having decent rates. Vanguard Prime Money Market is 1.8+, IIRC. Short term bonds are not going to lose as much value as longer term bonds if interest rates keep going up. I would avoi...
by BL
Fri May 04, 2018 12:29 am
Forum: Investing - Help with Personal Investments
Topic: Medically Retired at Age 30 [Saving for Retirement - 100% Disabled Vet]
Replies: 18
Views: 2670

Re: Medically Retired at Age 30 [Saving for Retirement - 100% Disabled Vet]

Don't know if you are using TSP, but I think it is worth keeping it open, or adding to it (Roth) as much as possible if you will still be employed in military for a while. Later you can roll 401k or IRA into it to get the best ER available if you choose. One of their bond funds is unique as well. If...
by BL
Fri May 04, 2018 12:02 am
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4121

Re: How much should I save or would be available for health care in retirement?

Worst case, HSA not used for medical costs can be used and is taxed just like an IRA.

Save at least your big receipts for medical expenses you paid out-of-pocket, and you can use that to get cash any time you should need it for any purpose.
by BL
Thu May 03, 2018 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 17641

Re: Ed. Jones rep didn't like our plan, now we're locked out

I think they actually did you a favor as this is a clear indication that they are not worth dealing with. Once their client gets an inkling of the costs involved with EJ, they know it will not end well. Do you have a copy of the annual statement or similar paper? I don't know how they can lock you o...
by BL
Thu May 03, 2018 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Too much cash - what to do?
Replies: 16
Views: 2417

Re: Too much cash - what to do?

A bit of reading, as suggested above, is a great idea. Here is a quick read which covers the basics in a few pages: https://www.etf.com/docs/IfYouCan.pdf What is the ER of your 401k fund? Are there lower ER index funds available? Look up the Capital Gains (CGs) for each fund in taxable. Perhaps you ...