Search found 6204 matches

by BL
Fri Jan 20, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: want to leave EJ but dont know what to do with what currently have
Replies: 19
Views: 1097

Re: want to leave EJ but dont know what to do with what currently have

Can you give ERs for the funds? That along with name and ticker are most important. Cost matters. Look for index funds with low ERs. EJ and probably JH are higher cost with fees as well. Vanguard has mostly low ERs and no fees if you use e-statements. Other brokerages may have low-ER funds <0.2% as ...
by BL
Fri Jan 20, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Vital Mistake - Damage Control?
Replies: 16
Views: 2527

Re: Vital Mistake - Damage Control?

It sounds like V PAS would be good if he is ok with talking to them by phone or possibly video conference. That is the one place I would rely on to be looking out for his best interests. There may be others but how do you find them? They should be able to set up RMDs, etc. If not that, then a single...
by BL
Thu Jan 19, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 40
Views: 2571

Re: Pay down 1.9% loan or invest

Roth should be 5.5k/yr.
by BL
Thu Jan 19, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: 50 Year Old Late Starter With Questions
Replies: 50
Views: 4417

Re: 50 Year Old Late Starter With Questions

Yes, the other target funds cost more, in part because there is a 12b-1 kickback to the broker. It doesn't mean it is better. Costs matter!
by BL
Thu Jan 19, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: A New Year - A New Me
Replies: 9
Views: 1209

Re: A New Year - A New Me

$22,795 Student Loan Debt - 0.625% - Making monthly payments Are you sure this isn't 6.25%, which is pretty common? What you have sounds very low, but if 6+% you will want to pay it off. If you have last year's 1040, line 43 is taxable income. The top of 15% is $7x,xxx. Just search for tax bracket ...
by BL
Thu Jan 19, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Lost in Swamp in central Fl
Replies: 27
Views: 3075

Re: Lost in Swamp in central Fl

Does the money belong to you? What does Grandma have to do with it? If the money is yours and you are new to investing, I agree, put it in a CD or savings account, do some research, and do not invest in anything unless you are 100% comfortable. Folks here can recommend a strategy if you provide mor...
by BL
Thu Jan 19, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: 50 Year Old Late Starter With Questions
Replies: 50
Views: 4417

Re: 50 Year Old Late Starter With Questions

Can you please explain how taking tax savings up front will accelerate my retirement savings? If you're thinking I could put that tax money into my retirement account, I never see the tax money we get. My husband does the taxes and I never even know when he gets the money. So, it won't go into my a...
by BL
Thu Jan 19, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Mother handing over investments to me, not sure which route to go
Replies: 12
Views: 1426

Re: Mother handing over investments to me, not sure which route to go

Depending on what "recent" means, she is in the grieving stage and this is stressful. Decisions add more stress. No need to add stress right now making changes unless required immediately. Give her a year and then consider whether to sell, etc. Right now, if she has money in a savings acco...
by BL
Thu Jan 19, 2017 12:58 am
Forum: Investing - Help with Personal Investments
Topic: 50 Year Old Late Starter With Questions
Replies: 50
Views: 4417

Re: 50 Year Old Late Starter With Questions

I suggest you look around at vanguard.com Vanguard Target Date retirement funds only require 1,000 to start, and small amounts are fine after that. I would not pay for buying mutual funds elsewhere. With all the change you may have in your life, I suggest you keep things simple. Set it and forget it...
by BL
Thu Jan 19, 2017 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Never had a credit card, should I get one?
Replies: 71
Views: 2442

Re: Never had a credit card, should I get one?

First, have you checked your credit report? You can get them free once a year at each of 3 companies through the gov-authorized web site AnnualCreditReport.com. I think trying to get one at USAA is a good idea. Just use it as a safer version of a debit card which lets you build credit so you "e...
by BL
Wed Jan 18, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me [Transfer IRA]
Replies: 28
Views: 1574

Re: Please help me [Transfer IRA]

Finally, One more question....cost basis concerns?? By transferring this IRA say to Vanguard.... do I need to be worried about my cost basis, especially since one is a stock? I am planning on at the very least selling one fund to buy a Vanguard fund. I know at E.J they may have helped keep track of...
by BL
Wed Jan 18, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: No company 401k. Already max Roth. Now what?
Replies: 15
Views: 986

Re: No company 401k. Already max Roth. Now what?

Your tax bracket after you retire depends mainly on how much you have saved while working. If you don't have a pension, you will need to have saved quite a few million to get to a higher tax bracket than now at a 4% safe withdrawal rate. So I agree that deducting an IRA now, and putting the differen...
by BL
Wed Jan 18, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Please help me [Transfer IRA]
Replies: 28
Views: 1574

Re: Please help me

Does it make sense to you say use Vanguard Total, International, and bond funds if I currently hold them in my roths? I feel like that is too much exposure in too few of repeated funds. Thanks again. I believe the longest thread on Bogleheads, started by Taylor Larimore who is one of the experts wh...
by BL
Tue Jan 17, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me [Transfer IRA]
Replies: 28
Views: 1574

Re: Please help me

We like Vanguard because they are low-ER and don't have a conflict of interest if you ask for advice. I started out by buying one fund, then moved my retirement account to an IRA. Salespersons scare me; I will stick to Vanguard, although other low-cost brokerages are fine if you don't listen to them...
by BL
Tue Jan 17, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Higher Vs. Lower Fees
Replies: 7
Views: 340

Re: Higher Vs. Lower Fees

I don't see any international in your individual choices. International has not done well for a while, so their price is low. Does that mean there is a chance that it will out-perform in the future, starting with low current prices? By the way, I see you have 120% of your money invested in the liste...
by BL
Tue Jan 17, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Tax question about car loan
Replies: 7
Views: 754

Re: Tax question about car loan

You should be getting your W-2 soon. That may help clarify things or at least get a start on figuring it out.
by BL
Mon Jan 16, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Inherited annuity & Ira
Replies: 21
Views: 879

Re: Inherited annuity & Ira

I haven't paid attention to the annuity because costs are low & it performs great. I always thought being passive with low cost investments that do well was the way to go? Also how can an annuity be an Ira? Be never seen it called anything but an annuity? I believe it can be called an Individua...
by BL
Mon Jan 16, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Inherited annuity & Ira
Replies: 21
Views: 879

Re: Inherited annuity & Ira

I will go through the process of moving the Ira next week. Though my main concern was if taking life expectancy and getting annual rmds was the right way to go. Feels in a way that I'll just slowly drain the accounts Thoughts were to fund a Roth with rmds RMD means Required Minimum Distribution! Yo...
by BL
Sun Jan 15, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up my Vanguard ROTH IRA - 23 y.o. -- How many funds should I use?
Replies: 10
Views: 504

Re: Setting up my Vanguard ROTH IRA - 23 y.o. -- How many funds should I use?

Here is a great read especially for new investors. It uses a 3-fund portfolio, which is about the same as a Target date fund of desired bond proportion.
https://www.etf.com/docs/IfYouCan.pdf
by BL
Sun Jan 15, 2017 6:56 pm
Forum: Personal Consumer Issues
Topic: Online legal service/form - simple will?
Replies: 12
Views: 699

Re: Online legal service/form - simple will?

I printed out one for MN from a state site (I think it was from here.) It didn't seem to consider a spouse + children. There were 3 blanks for heirs. If one died the amount would be divided 2 ways, so offspring of that one would get nothing, not what I would want. I didn't see any per stirpes. It wa...
by BL
Sun Jan 15, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation Help - 34 yrs old
Replies: 10
Views: 937

Re: Asset allocation Help - 34 yrs old

Agree that a Target date fund or one of the Life Strategy funds, or Balanced fund would be fine. With this, how about something like this: Vanguard 500 index 50% Vanguard growth index redundant Vanguard mid-cap index 10% Vanguard small-cap index 10% Vanguard total international index 20% bond 10% Sm...
by BL
Sun Jan 15, 2017 4:19 pm
Forum: Personal Consumer Issues
Topic: Streaming TV for Elderly Parents
Replies: 39
Views: 2799

Re: Streaming TV for Elderly Parents

Are you sure this is a good idea for your parents? Just because it is cheaper does not make it better. My mom is 85 and lives alone. TV is company for her. She doesn't understand streaming or having different types if input. What you are describing would be a diasaster. Carefully evaluate the entir...
by BL
Sun Jan 15, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Mother's Recent Death: Helping Father with Retirement
Replies: 17
Views: 2094

Re: Mother's Recent Death: Helping Father with Retirement

Just adding another twist to the LS:
LS Moderate (or Conservative) in Roth and Total stock market admiral in taxable).
LS Conservative in the large account.
Check in 5-10 years or after a sharp downturn to see if it warrants balancing.
by BL
Sun Jan 15, 2017 1:17 am
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6539

Re: Let's say you are dying this year

Do they have any valuable antiques or collectibles? If so, and they know where they can get good money for them, have them sell these now. I think this would be a mistake because after death they would be subject to a basis reset while before death you would be subject to capital gains taxes on any...
by BL
Sun Jan 15, 2017 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Help with taxes
Replies: 27
Views: 1849

Re: Help with taxes

Peter Foley wrote:Perhaps this is not an option, but there is still time this year to make one last estimated tax payment.

+1
by BL
Sun Jan 15, 2017 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Mother's Recent Death: Helping Father with Retirement
Replies: 17
Views: 2094

Re: Mother's Recent Death: Helping Father with Retirement

https://www.bogleheads.org/wiki/Three-fund_portfolio
discusses the first 3 as a portfolio.
Vanguard recommends your 4.
Either should work fine.

Bond component could be partly in CDs, 1% savings accounts, I-Bonds (10k/SSN/year).
by BL
Sat Jan 14, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity [Customer Service Reputation]
Replies: 73
Views: 4874

Re: Vanguard vs. Fidelity

If I had to ask for advice on what to invest in, I would choose Vanguard (which is where I am but I don't ask for advice so it wouldn't matter). If I told F that I was only interested in low-ER index funds, I think they would probably not try to sell me expensive funds or management. You would be s...
by BL
Sat Jan 14, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Very confused with W4 Allowances
Replies: 33
Views: 2365

Re: Very confused with W4 Allowances

Do you itemize or use the standard deduction? I use the standard deduction because I am not very savvy in this area ohhh, so do you have mortgage interest, real estate taxes, state income tax, and charitable contributions greater than your SD? Chances are the child will save you a couple thousand i...
by BL
Sat Jan 14, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity [Customer Service Reputation]
Replies: 73
Views: 4874

Re: Vanguard vs. Fidelity

If I had to ask for advice on what to invest in, I would choose Vanguard (which is where I am but I don't ask for advice so it wouldn't matter). If I told F that I was only interested in low-ER index funds, I think they would probably not try to sell me expensive funds or management.
by BL
Sat Jan 14, 2017 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Explaining impact of front loads and fees on returns to sister
Replies: 20
Views: 1101

Re: Explaining impact of front loads and fees on returns to sister

Perhaps this free pdf by Dr William Bernstein would be helpful in many ways (especially Hurdle # 5 about advisors/salespersons): https://www.etf.com/docs/IfYouCan.pdf If You Can is also available for purchase in print or e-book form at Amazon. Check the ticker on Morningstar and select Expense tab.T...
by BL
Sat Jan 14, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Value of Traditional to Roth Conversion
Replies: 6
Views: 653

Re: Value of Traditional to Roth Conversion

The income limits on deducting IRA and on contributing directly to Roth are not the same. If you just passed the deductible limit, you may not have passed the direct Roth limit. (You don't state income and details so it is hard to tell.) Roths are great! Sounds like you both have great 401ks, so if ...
by BL
Sat Jan 14, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Help with taxes
Replies: 27
Views: 1849

Re: Help with taxes

You might still be able to put in and deduct 5500 into an IRA for 2016. Half of the FICA on your moonlighting job should be subtracted on Line 27 of 1040. Look to see if you have found all possible deductions there. Calculate both ways, MFJ and MFS. If one itemizes, the other has to as well. Not sur...
by BL
Fri Jan 13, 2017 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about leaving Ameriprise
Replies: 40
Views: 1433

Re: Thinking about leaving Ameriprise

Did you search here for the company? Others have gone through this. Don't invest with family or friends. They know when folks start asking questions that they won't stay much longer. V has a PAS for 0.3 % if you feel you need them for a year or more to have someone to talk to besides free Bogleheads...
by BL
Fri Jan 13, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 3765

Re: Inquiring about family finances?

I am past the RMD age, and would not appreciate my children or especially my in-laws giving unsolicitated advice. I do try to resist giving them advice as well. Unless you see serious problems, it is a risk to interfere with their finances as each of us likes to think we know best and "never&qu...
by BL
Fri Jan 13, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Amazon???
Replies: 22
Views: 3061

Re: Amazon???

See this page on recommended funds in the Wiki: https://www.bogleheads.org/wiki/Three-fund_portfolio If you don't mind me asking, is this your strategy ? If so what were your returns on these last year? I am currently in about 15 Vanguard funds with about 1M in unrealized cap gains. So to start sel...
by BL
Fri Jan 13, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 3765

Re: Inquiring about family finances?

Here is another book you might give him:
How to Make Your Money Last: The Indispensable Retirement Guide Paperback – January 10, 2017
by Jane Bryant Quinn (Author)
4.7 out of 5 stars 230 customer reviews
by BL
Fri Jan 13, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Amazon???
Replies: 22
Views: 3061

Re: Amazon???

See this page on recommended funds in the Wiki:
https://www.bogleheads.org/wiki/Three-fund_portfolio
by BL
Fri Jan 13, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard VTSAX Admiral Funds
Replies: 25
Views: 2651

Re: Vanguard VTSAX Admiral Funds

Perhaps you and your friends would like to read this excellent 16-page pdf on investing and other finance issues:
https://www.etf.com/docs/IfYouCan.pdf
by BL
Fri Jan 13, 2017 1:32 am
Forum: Investing - Help with Personal Investments
Topic: Investing Retired Parent's IRA--Emotions vs Logic?
Replies: 13
Views: 966

Re: Investing Retired Parent's IRA--Emotions vs Logic?

If you are involved with a lot of your mother's care, perhaps having V PAS handle it all, at least for a year to set things up would be a relief. Otherwise, a 3-fund or a single balanced fund such as a Target Date Income or Life Strategy Conservative would be fine. The 3-fund would let you put most ...
by BL
Fri Jan 13, 2017 1:03 am
Forum: Investing - Help with Personal Investments
Topic: thoughts about financial advisors comments regarding roth 401k
Replies: 30
Views: 3199

Re: thoughts about financial advisors comments regarding roth 401k

The white coat investor blog and book has lots of things relevant to high-income folks, so you might want to check it out. He also posts here on occasion.
by BL
Fri Jan 13, 2017 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Mother's Recent Death: Helping Father with Retirement
Replies: 17
Views: 2094

Re: Mother's Recent Death: Helping Father with Retirement

It is often suggested that a grieving person not do any unneccesary decisions in about the first year. This might mean putting most of the money into a bank savings or short-term CD for a while. A short-term bond fund at a place like Vanguard would be fine for now. Definitely do not meet with the ad...
by BL
Thu Jan 12, 2017 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up three different new retirement accounts, should I keep the same portfolio for all three or switch it up?
Replies: 7
Views: 641

Re: Setting up three different new retirement accounts, should I keep the same portfolio for all three or switch it up?

Those 3 funds are great and you are very fortunate to have such excellent choices. The life cycle funds look low-ER and probably are fine as well. Find out if there are any other fees, so you know what they are. You can search the Wiki for three-fund portfolio; it is simple, diversified, and low-cos...
by BL
Thu Jan 12, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: HELP! First Time Investor
Replies: 8
Views: 751

Re: HELP! First Time Investor

Yes, you could do this on your own. On the other hand, if you are very busy and would like someone to handle things for you for at least the next year, I would trust the PAS advisors at V, 0.3% AUM, to do a decent job with no conflict of interest. They would probably put you into a 5-6 fund portfoli...
by BL
Wed Jan 11, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Another try at getting Portfolio Advice
Replies: 17
Views: 1122

Re: Another try at getting Portfolio Advice

I thought I would edit this post in hopes of getting a few more responses to my portfolio questions. Thank you again. What did you change? What exactly are you hoping to get responses on? Fidelity has good index funds, so as long as you stay with that you would be fine. If they pay you so you can g...
by BL
Wed Jan 11, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Tight Budget Noobie help with Retirement
Replies: 31
Views: 1757

Re: Tight Budget Noobie help with Retirement

Long time lurker/reader, first time poster here. I'm looking for any general financial advise along with my investments, so feel free to ramble off any suggestions you may have. I have found this community very educational as I continue to expand my knowledge in investing, I sure have a lot to lear...
by BL
Wed Jan 11, 2017 12:49 am
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 100
Views: 13158

Re: Sad News About a Respected Forum Member

Thanks for letting us know. When Old Meph speaks, I listen. Peace.
by BL
Tue Jan 10, 2017 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to add international and other portfolio advice
Replies: 30
Views: 1950

Re: Looking to add international and other portfolio advice

One of the things you will have to decide is what % of your portfolio should be in bonds. Age in bonds up to age minus 20 are used, while target date funds might be as low as 10%. Also what % of the rest should be international. It seems like 0-50% is used, maybe 20-40% range more common. The even d...
by BL
Tue Jan 10, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to add international and other portfolio advice
Replies: 30
Views: 1950

Re: Looking to add international and other portfolio advice

Lots of good advice has been given. Do some reading and thinking before making changes. Unless you are convinced, you will sell again and that is not the way to succeed in investing. Search for the three-fund portfolio in Wiki and a long thread here by Taylor. It looks like you have many low-ER fund...
by BL
Tue Jan 10, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: File taxes with $0 income with a dependent?
Replies: 29
Views: 1983

Re: File taxes with $0 income with a dependent?

She is leaving a lot on the table with absolutely no earned income. Earned income credit is one. She may be eligible for child tax credit or additional child tax credit, I don't remember. Anyway there are some refundable tax credits which mean she is giving up money by not filing. If she is someone ...
by BL
Tue Jan 10, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Help me understand taxes with non-retirement accounts
Replies: 37
Views: 3715

Re: Help me understand taxes with non-retirement accounts

Receiving the dividends (it will be on the 1099 they receive in Jan-Feb.) is the taxable event. What you do with it is in itself not taxable. Re-investing is the same as buying more of that fund. It is just a purchase. Do you understand that Unrealized Gains change daily based on what the value of t...

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