Search found 8925 matches

by BL
Tue Jun 18, 2019 1:19 am
Forum: Personal Investments
Topic: how to set up a fund for non US citizen friend?
Replies: 7
Views: 501

Re: how to set up a fund for non US citizen friend?

I don't believe there is a law that prevents a resident alien from investing, but that should be checked. Some brokerages may be easier that others for this purpose. If it works, I would do the simple way and set up an account in her (mother's) name with daughter as beneficiary. Perhaps a hand-writt...
by BL
Tue Jun 18, 2019 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 30
Views: 2218

Re: Looking for help with my parents' finances - dad's death, RMDs, social security

I believe you need to get more accurate information on Social Security, as with the law changes a couple years ago, we all seem to get confused. The SS website has a lot of info. Here is a Boglehead, Mike Piper's, book(You can search the threads here for his input as well) : Social Security Made Sim...
by BL
Tue Jun 18, 2019 12:06 am
Forum: Personal Investments
Topic: Investment question for 76 year old mom
Replies: 12
Views: 776

Re: Investment question for 76 year old mom

Ok, I'll try and organize this. I stink at this stuff, and currently invest in my company matched 401K and participate in my company stock ESPP. That's enough for me. This is for my mom, and I really don't want to screw this up for her. We are both seriously concerned that we are going to do someth...
by BL
Mon Jun 17, 2019 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 30
Views: 2218

Re: Looking for help with my parents finances - dads death, RMD’s, social security

Now, the interesting part of this situation is the large Traditional IRA. Have they started withdrawing from it or have they converted some of it to Roth? I ask this since this is the last year they can file as MFJ. Next year your mom will have to file as Single and the space in her tax bracket wil...
by BL
Mon Jun 17, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 30
Views: 2218

Re: Looking for help with my parents' finances - dad's death, RMDs, social security

@HomeStretch - we have been in contact with their elder lawyer team and will follow up again this week. Also, yes, SS told my mom they would claw back the June benefit, then redeposit it? This made no sense to me. The "redeposit it" could mean starting Survivor's Benefit. Would want to be sure it d...
by BL
Mon Jun 17, 2019 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 30
Views: 2218

Re: Looking for help with my parents finances - dads death, RMD’s, social security

You will want to use the right term if you use those words at all. Spousal is very different from Survivor. I used the right terms. The mom should have applied for spousal benefits once she turned 62 because the Dad had already applied for his benefits upon reaching FRA. Of course, the spousal bene...
by BL
Mon Jun 17, 2019 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 30
Views: 2218

Re: Looking for help with my parents finances - dads death, RMD’s, social security

You will want to use the right term if you use those words at all. Spousal is very different from Survivor. Compare PIA amounts at his and her FRA (full retirement age). If his is higher, she may want to apply for Survivor's SS at her FRA to get the maximum. Meanwhile she can apply for her own at 62...
by BL
Sun Jun 16, 2019 8:48 am
Forum: Personal Investments
Topic: Watches as investments?
Replies: 19
Views: 1791

Re: Watches as investments?

Also don't forget that profits are generally taxed at 28% federal tax on collectibles.

This is not the IRS link, but some info at Investopedia:
https://www.investopedia.com/articles/p ... -taxed.asp
by BL
Sat Jun 15, 2019 7:56 pm
Forum: Personal Consumer Issues
Topic: Best way to teach my 4 year old to be fluent in Spanish?
Replies: 25
Views: 1880

Re: Best way to teach my 4 year old to be fluent in Spanish?

Dora, the Explorer! TV, youTube, videos.
by BL
Sat Jun 15, 2019 8:43 am
Forum: Personal Investments
Topic: Can't do this alone-need a financial planner-please help!
Replies: 17
Views: 3212

Re: Can't do this alone-need a financial planner-please help!

Here is a quick summary of many of the things new investors need to know in a free 16 page pdf written by recommended author, Dr. William Bernstein: https://www.etf.com/docs/IfYouCan.pdf Jane Bryant Quinn is an author I have relied on for common sense personal finance over many years. She has writte...
by BL
Fri Jun 14, 2019 10:01 pm
Forum: Personal Consumer Issues
Topic: Durable non-stick cookware suggestions?
Replies: 30
Views: 2599

Re: Durable non-stick cookware suggestions?

I have been picking up Calphalon fry pans and small kettles at TJ Maxx on occasion. It is not the top of the line model that I had previously (large fry pan, tossed, and large kettle, still using, which were very good), but they are not bad for a few years at least, and the cost is reasonable.
by BL
Fri Jun 14, 2019 2:19 pm
Forum: Personal Investments
Topic: Why are my Vanguard returns suddenly so low?
Replies: 34
Views: 4894

Re: Why are my Vanguard returns suddenly so low?

We are close to dividend distribution time, and that messes up balances for a day or so. Not sure if that is what you are seeing or not.
by BL
Tue Jun 11, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Sudden Debt - best strategy to pay off? (30k total)
Replies: 20
Views: 2042

Re: Sudden Debt - best strategy to pay off? (30k total)

If your girlfriend can get to her $300k account, if I were her I would pay the vet bills and you handle the water bill. I can't imagine what happened to your dogs. Was the vet a flaming incompetent? I can imagine one instance of a problem, but two dogs during spay procedures?? I would ask around fo...
by BL
Tue Jun 11, 2019 1:35 pm
Forum: Personal Investments
Topic: Individual Investment - Please help
Replies: 19
Views: 797

Re: Individual Investment - Please help

I would not invest in more equities until you are settled into a job and living arrangement. Perhaps you are settled but you don't say so or indicate so. There are often expenses that come up, so keep liquid. The 2+% savings is just fine. Please stop investing in companies! Index funds or balanced f...
by BL
Tue Jun 11, 2019 10:14 am
Forum: Personal Investments
Topic: 32 yr old daughter's IRAs
Replies: 15
Views: 1136

Re: 32 yr old daughter's IRAs

You are comparing apples to oranges here. Large caps have done very well, and the other fund has a % of other things such as international and cash. Don't know if they charge a management fee as well as the cash gains they have. Nevertheless, she might choose either the 3-fund portfolio (see Wiki) o...
by BL
Mon Jun 10, 2019 5:50 pm
Forum: Personal Investments
Topic: Receiving windfall and not sure what to do
Replies: 26
Views: 3662

Re: Receiving windfall and not sure what to do

... I do plan on staying with my current employer. It's a great place to work, and I have a house I like here. I did bring the retirement plans up to my HR department recently since there was just a change in management and they said they'd look into other options. I will check the link out. I've b...
by BL
Mon Jun 10, 2019 3:40 pm
Forum: Personal Investments
Topic: Work hard, saved hard, retired....now what :)
Replies: 22
Views: 4962

Re: Work hard, saved hard, retired....now what :)

I would say you do have an income stream with those high-yield funds and the target fund. At minimum, you could invest all distributions into tax-efficient funds like total stock or total international. If your children have lower tax brackets than you, you could gift them the funds rather than cash...
by BL
Mon Jun 10, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: Anyone recommend a cheap cell phone service for text and calls?
Replies: 24
Views: 2027

Re: Anyone recommend a cheap cell phone service for text and calls?

The candidate might do okay with the big button phone from AARP, but it may not be the best buy on pricing. I looked at "cell phones for seniors" on Amazon.com and see quite a few. Some are unlocked and work with various providers. I have used Tracfone for years now and they may have some. Am wonde...
by BL
Mon Jun 10, 2019 12:32 pm
Forum: Personal Investments
Topic: Receiving windfall and not sure what to do
Replies: 26
Views: 3662

Re: Receiving windfall and not sure what to do

There is no rush on most decisions, so take your time and make your plan. Pay off at least the smaller loans and set aside emergency fund and plan to replace car as needed. Take your time deciding on what to do and when on the rest. I would decide on an AA (% stocks/%bonds) for retirement and conver...
by BL
Sat Jun 08, 2019 5:49 pm
Forum: Personal Investments
Topic: Receiving windfall and not sure what to do
Replies: 26
Views: 3662

Re: Receiving windfall and not sure what to do

It would help if you list all available funds at work: name, ticker, ER It is surprising how many times a single S&P500 fund, bond fund, or fixed value fund is there and is a reasonable choice, even if everything else is bad! At least look for the word "index", and ERs below 1.0%. Maybe you can find...
by BL
Sat Jun 08, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy more life insurance?
Replies: 25
Views: 1345

Re: Should I buy more life insurance?

Sounds reasonable and certainly affordable. I assume you have disability insurance.

Your single stock option seems a huge part of your net worth.
by BL
Fri Jun 07, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Complex Social Security Question (GPO and WEP)
Replies: 7
Views: 823

Re: Complex Social Security Question

Suggest you add WEP and GPO to your title to get more people that know about that.
by BL
Fri Jun 07, 2019 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Complex Social Security Question (GPO and WEP)
Replies: 7
Views: 823

Re: Complex Social Security Question

I have a complex question regarding Windfall Eliminations and Government Pension Offsets and Social Security. I am a retired Naval Officer (age 62) receiving a pension since 1995. I have been enrolled in the Survivor Benefit Plan since retirement that will provide my spouse (age 61) 55% of my retir...
by BL
Fri Jun 07, 2019 1:39 pm
Forum: Personal Investments
Topic: Parents' Investment plan--ages 75, both with illness, contemplating retirement home
Replies: 13
Views: 2010

Re: Parents' Investment plan--ages 75, both with illness, contemplating retirement home

If they sell their house that could be put into the bond side: money market, CD/certificates, short term bonds or total bond. If that isn't going to happen soon, perhaps selling some, but not all this year, might help lower AA without too big CGs or IRMAA. A couple years ago, bringing modified AGI o...
by BL
Fri Jun 07, 2019 8:39 am
Forum: Personal Investments
Topic: Advice for son
Replies: 14
Views: 2025

Re: Advice for son

Suggest he read this free 16-page pdf on investing and personal finance (read it first so you can share opinions): https://www.etf.com/docs/IfYouCan.pdf Yes, a 3-fund index portfolio would be perfect. No harm in starting with total stock market. Best to get individual stock out of his system if he w...
by BL
Fri Jun 07, 2019 1:48 am
Forum: Personal Investments
Topic: Investment Advice for a Married Couple
Replies: 16
Views: 2488

Re: Investment Advice for a Married Couple

I would carefully read Duckie's advice which I have found consistently good over the years.
by BL
Fri Jun 07, 2019 12:58 am
Forum: Personal Investments
Topic: $10,200 Gross commission Check... What would you do with it?
Replies: 31
Views: 3247

Re: $10,200 Gross commission Check... What would you do with it?

I am receiving a $10,200 Gross(taxed at 38%) gross commission check this month. I have a couple ideas what to do with it, but wanted to get different perspectives. Some of my ideas: 1. Jack my pretax work sponsored 401k up to 50% (80stock/20bond... currently at 10%, employer matches 100% up to 6%.....
by BL
Thu Jun 06, 2019 4:56 pm
Forum: Personal Investments
Topic: How to factor an Annuity into a 3-portfolio approach/allocation
Replies: 14
Views: 941

Re: How to factor an Annuity into a 3-portfolio approach/allocation

I would look at it like a pension since you can't re-balance. What do you plan to do with it? Have you really studied the In-Force Illustration for this annuity? Those numbers they throw around can be very misleading. What fees and ERs (Expense ratios on funds) are you paying? By the way, the stock ...
by BL
Thu Jun 06, 2019 12:55 pm
Forum: Personal Investments
Topic: Resident Physician
Replies: 18
Views: 2548

Re: Resident Physician

Vanguard Target date funds are fine for retirement accounts and low-ER. Fidelity has two Freedom Target funds: only the Index one is lower-ER. Learn to look at all your investments as one. Figure out the % desired (AA) for: US, International, & bonds, and dollar value of each. Put most of your bonds...
by BL
Thu Jun 06, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Attn: teachers....Daughter considering 80% teaching position. Good idea?
Replies: 64
Views: 4966

Re: Attn: teachers....Daughter considering 80% teaching position. Good idea?

It sounds good to me.

Meanwhile, she could look around and see if there is another needed subject she could easily get minimally qualified for if that would help with future full time teaching, such as chemistry, math, science, etc. She may also be qualified for college level teaching.
by BL
Wed Jun 05, 2019 6:24 pm
Forum: Personal Investments
Topic: Advice sought for pending inheritance
Replies: 14
Views: 1776

Re: Advice sought for pending inheritance

The executor will probably sell and then divide the money between the four. Usually the step-up is at the date of death, and if it is sold later there could be some gains (or losses) from the value at time of death. It would be possible to split the investment funds, but probably not. Don''t bring e...
by BL
Wed Jun 05, 2019 2:36 pm
Forum: Personal Investments
Topic: Morgan Stanley's ridiculous fees, and transferring out
Replies: 6
Views: 733

Re: Morgan Stanley's ridiculous fees, and transferring out

Be sure to find out the cost to sell where you are planning to move them. Agree it could be a lot worse. Are you allowed to sell them now? Perhaps doing that would be the best move. We sold some PRU last year and it was held by computershares or something similar that charged plenty to sell. Glad to...
by BL
Wed Jun 05, 2019 2:27 pm
Forum: Personal Investments
Topic: Approximating Total Stock Market confusion
Replies: 9
Views: 722

Re: Approximating Total Stock Market confusion

Simplicity is good. Either just the S&P fund or S&P 500 @ 80% + Small cap (index or value) @ 20% or adding mid cap if you wish. would get you very close to "just right". Be glad you have low-ER funds available in your 401k. There is nothing really wrong with what you have if you really want it right...
by BL
Wed Jun 05, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: windfall. do I need to pay estimated tax this year
Replies: 17
Views: 1980

Re: windfall. do I need to pay estimated tax this year

Unless I missed it above, be aware that withholding is considered paid evenly for the year, or at least it doesn't matter when in the year the withholding is collected. So, no worries about timely paying of taxes during the year. Get the withholding adjusted (submit new W-4) to at least 110% of last...
by BL
Wed Jun 05, 2019 8:09 am
Forum: Personal Investments
Topic: What to do with extra cash each month?
Replies: 28
Views: 2458

Re: What to do with extra cash each month?

International stock ETFs can be situated in a taxable account. Ticker symbol IEFA or VEA are some of the typical choices from IShares and Vanguard. Why international, though? Just for diversification? Good idea to get 19k into 401k and max Roths for both of you, and save for an emergency fund of 6 ...
by BL
Tue Jun 04, 2019 11:13 pm
Forum: Personal Investments
Topic: What to do with extra cash each month?
Replies: 28
Views: 2458

Re: What to do with extra cash each month?

Good idea to get 19k into 401k and max Roths for both of you, and save for an emergency fund of 6 months of expenses. Not that it probably affects your decision very much, but I question whether much or any of your mortgage is deductible. How much in deductions do you have beyond the current 24,000 ...
by BL
Tue Jun 04, 2019 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Relocating to Ft Belvoir, VA
Replies: 14
Views: 1128

Re: Relocating to Ft Belvoir, VA

Perhaps if you give more information, you will make it easier for folks to make suggestions. Things like family size, need for schools, available post housing, and lots more should help. It is too long ago since we lived there to be of much help, but lived on post on two different occasions.
by BL
Mon Jun 03, 2019 5:36 pm
Forum: Personal Investments
Topic: Large portfolio inheritance
Replies: 30
Views: 4170

Re: Large portfolio inheritance

I would not buy any of the paid investment advising services from Schwab. Why is that? The fees for their Private Client services are the same as Vanguard PAS if you've more than $5M with them, which would be the case in my situation. I also assume the funds they'd use have very low ERs. Please don...
by BL
Mon Jun 03, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Debt vs Savings
Replies: 47
Views: 4387

Re: Debt vs Savings

You might consider doing an IRA on any retirement savings up to $6000/yr, after any company 401k match, before putting more into your 401k. At Vanguard, for instance, you could get a Target Date Fund (anywhere from 10% bonds to 70% bonds) with a starting amount of $1000, and set up regular automatic...
by BL
Mon Jun 03, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Debt vs Savings
Replies: 47
Views: 4387

Re: Debt vs Savings

According to this site, https://www.sec.gov/Archives/edgar/data/914036/000119312516570005/d147423d497k.htm for fund LVIP SSGA S&P 500 Index Fund - Service Class 18, 21 it looks like the ER is/could be 0.46% for the service class which includes a 0.25% 12b-1 kickback to someone. There may be other fe...
by BL
Mon Jun 03, 2019 9:45 am
Forum: Personal Investments
Topic: Large portfolio inheritance
Replies: 30
Views: 4170

Re: Large portfolio inheritance

Vanguard has a Vanguard Tax-Managed Balanced Fund Admiral Shares MUTF: VTMFX That is about 50-50 stock bond ratio and would work for the taxable account. You might have to do extra municipals to get enough bonds. Otherwise, municipal bonds + Total Stock Market (or total world) might work. If you had...
by BL
Sun Jun 02, 2019 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: More Loans vs. IRA withdrawal for Grad School
Replies: 12
Views: 1163

Re: More Loans vs. IRA withdrawal for Grad School

u/BL ... Thank you, between this and your other replies you've given me a great place to start doing some research to figure out what my best options will be regarding my 401k and rolling it over etc., I will check out the wiki for what you said regarding rolling over a traditional IRA to a Backdoo...
by BL
Sun Jun 02, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 57
Views: 4564

Re: Required Minimum Distributions

So contrary to my belief, is it better to have custodian withhold taxes from RMD rather than pay myself from taxable/savings? In that way it’s different from Roth conversions which favor latter approach. With Roth conversions it makes a difference because if you pay the tax from funds from your tax...
by BL
Sun Jun 02, 2019 12:45 am
Forum: Personal Investments
Topic: Pre-Military Seeking Investment Planning
Replies: 49
Views: 2426

Re: Pre-Military Seeking Investment Planning

Another fund at Vanguard besides the Star fund that you can start for $1000 is the excellent Target Date retirement series. A far-away date has only 10% bonds and I think the 2020 has about 50% bonds. They stay at 10% quite a while. Good idea to do a Roth IRA and perhaps start with a Roth TSP. There...
by BL
Sat Jun 01, 2019 5:50 pm
Forum: Personal Investments
Topic: Are there any compounding interest differences between contributing to two 401k accounts rather than one?
Replies: 7
Views: 680

Re: Are there any compounding interest differences between contributing to two 401k accounts rather than one?

Not sure how much you are able to contribute, but you can go the max in each if you have the money to do it.

Also, a 457b has special advantages during early retirement which you may or may not care about.
by BL
Sat Jun 01, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: More Loans vs. IRA withdrawal for Grad School
Replies: 12
Views: 1163

Re: More Loans vs. IRA withdrawal for Grad School

In your link above, under setting up your IRA, I went to that link and found: Roll over a traditional 401(k) into a Roth IRA—this would be considered a "Roth conversion," so you'd owe taxes. as a choice, so it should work at Vanguard. Whether your employer requires total amount to be rolled over or ...
by BL
Fri May 31, 2019 2:21 pm
Forum: Personal Investments
Topic: Retirement plan [Pension lump sum or annuity?]
Replies: 23
Views: 1501

Re: Retirement plan [Pension lump sum or annuity?]

Usually the math suggests take the pension. Others can figure out if the pension is better than using the lump sum to buy an annuity. Even though the pension or likely the annuity is likely not COLA, I generally favor retirees look to get a decent income floor in retirement vs adding more assets to...
by BL
Fri May 31, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Should my wife and I cancel our Whole Life Insurance policies?
Replies: 31
Views: 2276

Re: Should my wife and I cancel our Whole Life Insurance policies?

Check term4sale.com or a local INDEPENDENT insurance agent to have them shop around various companies for term insurance. Might want to do that now. When is next payment due? Also time to figure out the costs of your financial advisor. Fees, fund ERs and his 12b-1 cut, and/or loads all add up to cos...
by BL
Fri May 31, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: More Loans vs. IRA withdrawal for Grad School
Replies: 12
Views: 1163

Re: More Loans vs. IRA withdrawal for Grad School

Yes, you have found the info from V regarding rollovers. Be sure to click on links to get further explanations. If you do a Roth Conversion, that is a taxable event (like wages) but can be a great thing in no-income years. If you sell the stocks (the same year as conversion), that adds to your AGI (...
by BL
Fri May 31, 2019 1:16 am
Forum: Personal Finance (Not Investing)
Topic: More Loans vs. IRA withdrawal for Grad School
Replies: 12
Views: 1163

Re: More Loans vs. IRA withdrawal for Grad School

I would be cautious about rolling 401k to an advisor-managed IRA, since there would be higher costs such as management fees, higher ERs in funds themselves, and other possible costs. If you invested it in a Vanguard account and put it into a low-ER balanced account such as a Target Fund or Life Stra...