Search found 7324 matches

by BL
Wed Nov 22, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Youngin' looking for help.
Replies: 10
Views: 354

Re: Youngin' looking for help.

1. yes, backdoor Roth; see Wiki 2. yes 3. Duckie has good answer for taxable investing and AA. Read about investing here for a start: https://www.etf.com/docs/IfYouCan.pdf probably sell stock as soon as possible, at least within 1 year. Don't keep over 5% of portfolio in single stocks if you feel yo...
by BL
Tue Nov 21, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much longer do I need life insurance?
Replies: 19
Views: 1134

Re: How much longer do I need life insurance?

How about checking for new plain term policy at an independent agent or term4sale.com Then you know what the cost should be, assuming your health is pretty good. I expect it is much cheaper than the one you described which is very expensive and will get much worse. Is the other one with the same com...
by BL
Tue Nov 21, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Certified Financial Planner (CFP) fees
Replies: 17
Views: 1086

Re: Certified Financial Planner (CFP) fees

Good idea to ask here in suggested format. You will get suggestions that are low-cost and can meet your needs and not be afraid of getting sucked into high-cost funds or insurance products. We don't know what company your advisor works for or how well he/she serves the fiduciary concept. Do you know...
by BL
Tue Nov 21, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Midlife Portfolio Checkup
Replies: 5
Views: 1128

Re: Midlife Portfolio Checkup

I would check each fund and look for any that have a loss, which could be sold with no tax cost (actually a benefit, as the loss would help her for taxes). Again, this should be with her blessing. As for your purchase, VYM, I expect that fund is not the best for a taxable account due to dividends, w...
by BL
Sun Nov 19, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Side investment to go along with a 2050 Fund (VFIFX)
Replies: 4
Views: 255

Re: Side investment to go along with a 2050 Fund (VFIFX)

So you each have 18k in work retirement accounts and 5500 each in a Roth IRA? That is a great start. If I mis-understood, those are the accounts to fill first. A low-ER 2050 fund is great all-around, and could just be added to it you don't have the above. If it costs more than a Vanguard 2050 fund,<...
by BL
Sun Nov 19, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Returns - How Long Do you Keep?
Replies: 37
Views: 2391

Re: Tax Returns - How Long Do you Keep?

When we get around to shredding, besides keeping forms as above, plan to keep the basic forms indefinitely and get rid of extra paperwork, but watch for and keep anything to do with basis of items that are still owned, such as land, home, taxable funds, etc.
by BL
Sun Nov 19, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Midlife Portfolio Checkup
Replies: 5
Views: 1128

Re: Midlife Portfolio Checkup

You should probably find the cost basis/unrealized gains for each fund or stock you are considering selling, so you know ahead of time what the tax cost of selling would be. Knowledge is power. If she is above the 15% tax bracket, or the gains push her above it, she may owe 15% + state income tax on...
by BL
Sat Nov 18, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Midlife Portfolio Checkup
Replies: 5
Views: 1128

Re: Midlife Portfolio Checkup

His Current 401K 13% BlackRock Russell 3000 Index (0.28%) Available Funds His 401(k) Plan Options Voya Target Solution Trust Series (Target Date Funds) (0.81%) Stable Value Fund (0.78%) BlackRock US Debt Index (0.32%) Fidelity Total Bond (FEPIX) (0.5%) Voya Large Cap Growth Port (IEOHX) (0.67%) JHa...
by BL
Sat Nov 18, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 16
Views: 458

Re: Variable annuity trading costs?

Yes, AFAIK, there are trading costs within funds that don't show up as direct costs. My understanding is that looking at the % of turnover could be a reasonable guess as to the costs of that. Active funds usually have a greater turnover than index funds, so the trading costs would be greater.
by BL
Sat Nov 18, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services/Portfolio Review
Replies: 45
Views: 3259

Re: Vanguard Personal Advisor Services/Portfolio Review

It looks like you are getting good advice at a low cost. Any other adviser would probably cost more, funds would cost more, and being sold insurance products or other extra management would possibly be a much greater expense. I would go with their advice. It sounds like they are reasonably flexible ...
by BL
Sat Nov 18, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: RMD account
Replies: 16
Views: 1275

Re: RMD account

I understand RMDs, but find some of this advice confusing. It must have to do partly with dealing with ETFs, rather than mutual funds where you can specify a specific dollar amount. I am in the old style mutual fund account at Vanguard; perhaps the new platform works differently. I see no benefit in...
by BL
Sat Nov 18, 2017 12:51 am
Forum: Investing - Help with Personal Investments
Topic: Which Target Date Fund?
Replies: 13
Views: 1065

Re: Which Target Date Fund?

If you want Vanguard funds, you might as well move to Vanguard and buy it there with no charge.

I thought you were going to ask about comparing two different dates of Target funds. My thought was just look at the % bonds and get the date that is closest to your preference of bonds.
by BL
Fri Nov 17, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Social Security younger Wife
Replies: 15
Views: 1637

Re: Social Security younger Wife

Very much same situation here with me 69 (until next month) and 54 wife. She has and will have no work experience here and I will have to live to at least January 2022 for her to be married ten years, which I believe is the minimum criteria for her SS spousal. I believe she only has to be married f...
by BL
Thu Nov 16, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about IRA deduction Limts
Replies: 15
Views: 803

Re: Confused about IRA deduction Limts

I'm a little confused by the IRA deduction limit. So if I'm married filing jointly, and I participate in a state pension plan through my employer while also participating in my employers 403b plan, how is my (traditional non-roth) IRA contribution affected? I meet all the typical IRA requirements. ...
by BL
Thu Nov 16, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 68
Views: 5112

Re: Help for semi retired friend with 8 figure savings

Less than half of net worth is in simple investable assets. In the list presented, everything below the "cash" line would be problematic for me. Above the cash line, looks like only 23% equities. I have no clue what to say about all this as the investor needs a real time-out in order to figure out ...
by BL
Thu Nov 16, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security younger Wife
Replies: 15
Views: 1637

Re: Social Security younger Wife

Agree to delay your SS until age 70 if possible, as it could cover her until age 100, maybe. Delaying for her is not as clear-cut. I believe that whenever she files, it will be for both spousal benefits and her own. She can collect survivor's benefits as early as age 60, with still more reduced bene...
by BL
Thu Nov 16, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Pile of Cash - What to do
Replies: 25
Views: 2859

Re: Pile of Cash - What to do

90/10 stock to bond
Maybe 62/38 if you include your pile of cash.

What is your age/retirement status? 40% fixed income could be reasonable if you are age 40-retirement age.
by BL
Thu Nov 16, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: ASUS Student Chromebook - thoughts?
Replies: 22
Views: 1139

Re: ASUS Student Chromebook - thoughts?

I owned an ASUS Chromebook and I loved it. If you just want to keep in touch, use e-mail, surf the web, etc. Chromebook's are the way to go. Just know, without internet connection they are useless. I have a PC in my home, but I hardly ever use it. I am on the Chromebook throughout the day. In fact,...
by BL
Thu Nov 16, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 24
Views: 2797

Re: Chain of command

BolderBoy wrote:
Thu Nov 16, 2017 9:35 am
You need to look for another job. No good is going to come of this.
+1
Best advice yet.
by BL
Thu Nov 16, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 3922

Re: Help with Understanding How to Handle Bonus

IMO there is no real wrong answer, maybe suggestions on 1 slightly better than the other. If you are committed to long term savings and investing, it will not matter in the end whether you paid down debt or saved this $35K. Do the one that helps you sleep better at night. If you aren't sure, split ...
by BL
Tue Nov 14, 2017 5:18 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth starting investing if 7-8 years from retirement?
Replies: 22
Views: 2463

Re: Is it worth starting investing if 7-8 years from retirement?

I think you have the right idea. Also you could help them set up an Individual 401k or IRA, depending on whether they have employees or not. You can get lots more set aside that way. Here is a comparison on Vanguard, although many others offer these plans: https://investor.vanguard.com/what-we-offer...
by BL
Tue Nov 14, 2017 5:05 am
Forum: Personal Consumer Issues
Topic: Chromebook vs Windows 10?
Replies: 56
Views: 3440

Re: Chromebook vs Windows 10?

Right now my laptop which I use as a desktop, is sitting in my "office" and is slowing down and needs replacement. I rarely use it but do when I need to print something or have to use a "computer" for things that cannot be done with my android tablet or phone. Things like some shifting within bookm...
by BL
Mon Nov 13, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Advisor's choice of immediate variable annuity for retirement income
Replies: 29
Views: 2133

Re: Advice on Advisor's choice of immediate variable annuity for retirement income

Why not call Vanguard PAS and ask? I would trust them to be honest and a real fiduciary, not to lead you into expensive choices. With low-cost funds, paying PAS 0.3%/year probably is cheaper than the funds your "fiduciary" put you in, not to mention the high-cost annuity. (There are a few days, 10 o...
by BL
Mon Nov 13, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8093

Re: $23k credit card emergency

I believe if you quit or lose your job, any 401k loans are due pretty quick, maybe 60 days, or you end up paying tax and penalty on that amount. That could be a big risk and put you into a bigger mess with taxes owed.
by BL
Mon Nov 13, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Where to start investing?
Replies: 15
Views: 855

Re: Where to start investing?

I didn't see what type of accounts you have available. Do you have: 401k at work? Roth IRA? HSA if high deductible health insurance? Those things should be considered before a taxable long-term investment in a non-retirement account. Agree with If You Can pdf or booklet mentioned above, as well as o...
by BL
Mon Nov 13, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Debt consolidation. Do or Don't?
Replies: 7
Views: 589

Re: Debt consolidation. Do or Don't?

Agree with listening/watching/reading Dave Ramsey to get out of debt. He usually suggests attacking smallest loan while paying minimums on the rest, then putting that extra onto next smallest loan, snowball effect. Suggest you give details of each debt and interest rate and other financial data for ...
by BL
Mon Nov 13, 2017 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Help with daughters first investments
Replies: 12
Views: 714

Re: Help with daughters first investments

2. What fund to start with? I was thinking about starting with the LifeStrategy Growth fund- VASGX, it has a 80/20 mix, in a Roth. Sounds great! Vanguard low-ER fund so low cost diversified simple Roth IRA is good This would be a great year to learn to do taxes, either free ones like IRS, or Turbo ...
by BL
Mon Nov 13, 2017 12:45 am
Forum: Personal Consumer Issues
Topic: Chromebook/Similar for Elderly Dad
Replies: 30
Views: 1784

Re: Chromebook/Similar for Elderly Dad

I have a new ASUS Chromebook 11.? that I like very much. It is similar to my Samsung that I had for 5+ years. Portable big enough screen 11.6? diagonal easy to make larger (control + + key) simple from the start might need to get a cloud-ready printer almost drop-proof could connect it directly to t...
by BL
Mon Nov 13, 2017 12:17 am
Forum: Personal Consumer Issues
Topic: Chromebook vs Windows 10?
Replies: 56
Views: 3440

Re: Chromebook vs Windows 10?

I had a small Samsung Chromebook for 5+ years and was very happy with it. It started having minor problems so I replaced it with a cheap ASUS drop-proof student one, which works great. Was also considering a more expensive model, but decided my Ipad covered any extra things I wanted. I did replace i...
by BL
Sun Nov 12, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: How much spending would this retirement situation support?
Replies: 4
Views: 639

Re: How much spending would this retirement situation support?

With these numbers, how much could someone (a married couple) use annually for income [1] as a gross amount before taxes are taken; [2] as a net amount after federal taxes are paid; ? Let's say 60 years old. A. Fixed (non inflation adjusted) lifetime pension: $100,000 a year. B. Social Security ava...
by BL
Sun Nov 12, 2017 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Is an investment account the best choice for me (new guy)
Replies: 84
Views: 3467

Re: Is an investment account the best choice for me (new guy)

Well, there you have advice from 2 different experts here! The advice is basically the same: Simplicity: get a LS fund and forget about it while you complete your studies, then look more closely at the 3-fund portfolio when you have a 401k, Roth IRA, and perhaps a taxable account. or More complicate...
by BL
Sat Nov 11, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8093

Re: $23k credit card emergency

Please don't rule out getting a job in a lower cost of living area. You might find that you have more money available to pay off debts; then you would be able to choose where to live after you have finances in much better shape.
by BL
Sat Nov 11, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Is an investment account the best choice for me (new guy)
Replies: 84
Views: 3467

Re: Is an investment account the best choice for me (new guy)

Also I am a bit confused on what you mean by a total stock market. This is the biggest of the 4 funds in LS. Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0085 I value the advice of ruralavalon and suggest you do...
by BL
Sat Nov 11, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is an investment account the best choice for me (new guy)
Replies: 84
Views: 3467

Re: Is an investment account the best choice for me (new guy)

Can someone tell me about the federal money market on my account? It keeps giving me the option to send money to it, do I need to do this? I have the mutual fund division, not the newer brokerage that all new investors are given. However, I do believe you have it go to their default mm and when you...
by BL
Sat Nov 11, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: New Member Help on my Portfolio
Replies: 9
Views: 714

Re: New Member Help on my Portfolio

So I should switch from TD fund to Total Stock Market index. Miss out on the annual dividend for that fund which could add $1300 or so to my portfolio? Could I switch after the dividend date then? Generally, when the dividend is payed, the fund value drops by the same amount. So the net is the same...
by BL
Sat Nov 11, 2017 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Is an investment account the best choice for me (new guy)
Replies: 84
Views: 3467

Re: Is an investment account the best choice for me (new guy)

Can someone tell me about the federal money market on my account? It keeps giving me the option to send money to it, do I need to do this? I have the mutual fund division, not the newer brokerage that all new investors are given. However, I do believe you have it go to their default mm and when you...
by BL
Fri Nov 10, 2017 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: New Member Help on my Portfolio
Replies: 9
Views: 714

Re: New Member Help on my Portfolio

Total stock has mostly qualified dividends so tax on distributions is 15%.

The bond portion of Target fund is not qualified so taxable at 25%. I see no reason to wait.

You could put 5500 of it into Roth IRA now and 5500 after Jan 1 for next year.

What funds are available in 401k?
by BL
Fri Nov 10, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Where to open small taxable brokerage account? (Vanguard vs. Schwab vs. Robo / MF vs. ETF)
Replies: 9
Views: 880

Re: Where to open small taxable brokerage account? (Vanguard vs. Schwab vs. Robo / MF vs. ETF)

I would get it into the 401k (after you have it in hand, if you are concerned about not having it) or pay down the student loans (4% is not terrible, but much more than you could get in fixed interest.) It will feel so good to be done with the loans, and it would open up that much more cash flow. In...
by BL
Fri Nov 10, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: New Member Help on my Portfolio
Replies: 9
Views: 714

Re: New Member Help on my Portfolio

Look for even one fund that has a lower ER. List all 401k funds with name, ticker, and ER. Put more money into 401k up to 18k. Put $5500 into Roth for this year and be ready with it for next year. It is ok to sell the taxable to fund the Roth. Target fund would work, or the 3-fund portfolio mentione...
by BL
Fri Nov 10, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Having almost 90% of investments with Target Retirement account
Replies: 18
Views: 3672

Re: Having almost 90% of investments with Target Retirement account

One thing to check on is if your income is too high to get a deduction for the IRA. Second this. Roth is definitely better than non-deductible Traditional. Taxable is usually better than non-deductible Traditional. Look at the second table at this page: https://www.bogleheads.org/wiki/Non-deductibl...
by BL
Fri Nov 10, 2017 12:27 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8093

Re: $23k credit card emergency

You sound like a good candidate for getting advice from Dave Ramsey book or radio program. Work on getting one low amount CC paid off, then the next smaller, DR's "snowball effect". Drinking costs money, and even worse, lowers your resistance to controlling your spending. Perhaps getting some other ...
by BL
Thu Nov 09, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Criticize my portfolio please but have mercy on me
Replies: 21
Views: 2368

Re: Criticize my portfolio please but have mercy on me

Emergency funds: 400K sitting in a saving account ( planning to use 200 K for house down payment next year) Debt: none Tax Filing Status: Head of household Tax Rate: 33 % Federal State of Residence: Missouri Age: 43 Desired Asset allocation: 75 stocks / 25 bonds Desired International allocation: 35...
by BL
Thu Nov 09, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mom's retirement money PLZ
Replies: 9
Views: 885

Re: Help with Mom's retirement money PLZ

If they are used to having an adviser, then using V PAS might be an easier transition, even if they choose to stay with PAS only a year or so. How old are they? On their own, I would suggest a balanced fund with the desired amount % of bonds/fixed income. Anywhere from 20% stocks to 60% stocks might...
by BL
Thu Nov 09, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Cost Basis Method Selling VTSAX in Taxable?
Replies: 22
Views: 1567

Re: Cost Basis Method Selling VTSAX in Taxable?

Don't forget that gains from stocks owned less than one year are taxed at your ordinary income rate, unless you have capital losses that might offset those gains. Aha! Thanks I would have. So if I've held stocks in a non-retirement account for longer than 1 year, they are taxed at the capital gains...
by BL
Thu Nov 09, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Having second thoughts about building up hsa
Replies: 17
Views: 1500

Re: Having second thoughts about building up hsa

This may be a semantic distinction, but I know that for FSA "receipts" on their own are insufficient. A credit card receipt that just says "Dr. Smith, $225.76" is not enough. Our FSA provider will not reimburse unless you have a piece of paper stating the patient's name and service rendered. EOB fr...
by BL
Thu Nov 09, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: What do you do to keep your mind sharp?
Replies: 65
Views: 4783

Re: What do you do to keep your mind sharp?

bloom2708 wrote:
Wed Nov 08, 2017 5:04 pm
Duolingo.com

I am learning both Swedish and Norwegian. Free.

I read a lot of "for fun" books. The new Jack Reacher novel hit my Kindle 2 days ago.
Thanks for the link!
by BL
Wed Nov 08, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing $ from Wife to Receive Premium Tax Credit
Replies: 12
Views: 1593

Re: Borrowing $ from Wife to Receive Premium Tax Credit

I see the disadvantage of having your emergency money in an IRA, which in your case means you have to declare and pay tax on any withdrawal and it becomes part of your MAGI. It may be too late to do anything about it now, but it was not a great idea with your financial arrangement. Well, you will so...
by BL
Wed Nov 08, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Stuck between rock and hard place
Replies: 16
Views: 2343

Re: Stuck between rock and hard place

Perhaps you could describe your distributions?? There is a big difference whether the dividends are mostly qualified or not. If not, you are paying tax at your current tax rate which is generally higher than the CG rates most pay. TSM pays almost all of its dividends as qualified, T.International is...
by BL
Tue Nov 07, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: [Three-fund portfolio: Robo-adviser or 3 funds?]
Replies: 13
Views: 1578

Re: [Three-fund portfolio: Robo-adviser or 3 funds?]

Maybe you could set up a spreadsheet to compare with the 3-fund portfolio?? Lately, stocks have been doing very well, so I expect yours to do the same. I see no harm, but no real advantage either, in what you are doing. Sure beats store-front advisers!
by BL
Tue Nov 07, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Stuck between rock and hard place
Replies: 16
Views: 2343

Re: Stuck between rock and hard place

Unfortunately, we have zero in Roth. It is all either in 401K/IRA (over 60%) or taxable (rest). Assuming moderate growth of 401K/IRA and delayed SS I do not think that 4%RMD+dual_SS will be more than our current AGI. It might be comparable but still less. If I thought it would be more, then I would...