Search found 7588 matches

by BL
Mon Feb 19, 2018 1:56 am
Forum: Investing - Help with Personal Investments
Topic: IRA mess
Replies: 3
Views: 365

Re: IRA mess

Does it makes sense to open traditional IRA in DWs name and contribute non-deductible contributions for 2017 and 2018. In her case, we could do immediate backdoor Roth. Related question - can you backdoor into an existing Roth from any traditional IRA? If she doesn't have any other non-Roth IRAs, s...
by BL
Sun Feb 18, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review; Suggestions on how to create early retirement income
Replies: 2
Views: 415

Re: Portfolio review; Suggestions on how to create early retirement income

You don't need every fund in every account. There may need to be one larger account, such as 401k, where you can move things around to rebalance if needed, and a minimum number in the other accounts (except for costly selling in taxable). I expect the Extended Market is to counterbalance all the ind...
by BL
Sun Feb 18, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Reinvesting RMDs
Replies: 18
Views: 1922

Re: Reinvesting RMDs

I tend to agree that is a valid argument. Have just been doing QCDs so haven't thought it through as carefully as I might have. We do spread that over the year as needed, but it is always a relief to have the RMD amount taken care of in case life emergencies happen and we might forget to do it. We a...
by BL
Sun Feb 18, 2018 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Confused - placing for best after tax return- 401k and Roth 401k
Replies: 15
Views: 987

Re: Confused - placing for best after tax return- 401k and Roth 401k

This did bring up a question I did not how to answer though -- in a pre-tax 401K, when you cash it out are the gain dollars taxed as long term investments (capital gains and qualified dividends), or are they taxed at ordinary income rates? If they are the lower LTCG rates, that pushes it further in...
by BL
Sat Feb 17, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover a Pension into Roth IRA or Traditional IRA?
Replies: 17
Views: 879

Re: Rollover a Pension into Roth IRA or Traditional IRA?

You could easily open a trad. IRA at Vanguard and roll it into that and get the fund you want. Deciding to convert all or some to Roth can be a separate decision later. Find out if it can be a trustee-to-trustee direct transfer, where Vanguard would help you with the paperwork. If you must get a che...
by BL
Sat Feb 17, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvesting RMDs
Replies: 18
Views: 1922

Re: Reinvesting RMDs

I would not wait that long for required withdrawals.

I might even do it very early so later gains are CG, not ordinary income gains. I suppose there could be an argument the other way as well.

No tax loss claimed, so no wash sale.
by BL
Sat Feb 17, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I convert whole life back to term?
Replies: 16
Views: 875

Re: Can I convert whole life back to term?

Check term4sale.com but also see an independent insurance broker who can deal with many companies and has experience with many companies. Hopefully he/she can help get the most for the least money for the term policies. Did you get an in-force illustration with guaranteed values? What is the surrend...
by BL
Sat Feb 17, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1611

Re: Investing vs paying off debt

Pay off that hideous car loan ASAP and drive it til it doesn’t drive anymore +1 Search around for lower interest (maybe shorter time frame also) loan on that car. Check credit unions, etc. PenFed.org credit union has lower rates if credit rating is good (small contribution to an organization will g...
by BL
Sat Feb 17, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Which book for an 18 year old who is asking about investing?
Replies: 33
Views: 1773

Re: Which book for an 18 year old who is asking about investing?

Jane Bryant Quinn has some great personal finance books, which include investing advice: Making the Most of Your Money Now https://www.amazon.com/Making-Most-Your-Money-Now/dp/0743269969/ref=sr_1_1?ie=UTF8&qid=1518873861&sr=8-1&keywords=jane+bryant+quinn+making+the+most+of+your+money Also: Smart and...
by BL
Sat Feb 17, 2018 12:49 am
Forum: Personal Consumer Issues
Topic: Minnesota lake resorts summer 2018
Replies: 31
Views: 2024

Re: Minnesota lake resorts summer 2018

Folks come a great distance to "walk across the Mississippi" at Itasca State Park.
by BL
Fri Feb 16, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of ditching my FA; UPDATE
Replies: 24
Views: 2646

Re: Thinking of ditching my FA; UPDATE

KlangFool, Thanks for your reply. The taxable account is made primarily of company stock I bought at a very low option price over 20 years ago. I guess its always been part of our emergency fund in our minds. It pays a good dividend. But it probably makes sense to sell it and pay for a semester or ...
by BL
Fri Feb 16, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of ditching my FA; UPDATE
Replies: 24
Views: 2646

Re: Thinking of ditching my FA; UPDATE

KlangFool, Thanks for your reply. The taxable account is made primarily of company stock I bought at a very low option price over 20 years ago. I guess its always been part of our emergency fund in our minds. It pays a good dividend. But it probably makes sense to sell it and pay for a semester or ...
by BL
Fri Feb 16, 2018 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Value Preservation, Bond-like Returns, Inflation Hedge
Replies: 4
Views: 430

Re: Value Preservation, Bond-like Returns, Inflation Hedge

An I-Bond might come close, but is limited to 10k/person (or trust), and is not available to you for 1 year (and has a 3-month interest penalty for 5 years). It follows a CPI index, so has inflation protection, and never loses principal. Interest changes every 6 months, currently 2.68%, and can be d...
by BL
Fri Feb 16, 2018 12:29 am
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 74
Views: 3939

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

Perhaps the age of the third driver is making this more expensive. Is there a young driver?
by BL
Thu Feb 15, 2018 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Just added Total Int'l Stock; add Total Int'l Bond too?
Replies: 25
Views: 1835

Re: Just added Total Int'l Stock; add Total Int'l Bond too?

What % bonds do you now have? If a lower %, I definitely wouldn't bother. Most here don't bother unless it is in the fund already, such as a Target Date or Life Strategy. Some do, and that is following Vanguard's advice, so it could be the right thing to do. It probably doesn't matter a lot, and you...
by BL
Thu Feb 15, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie: retirement vs. college savings vs. life insurance
Replies: 33
Views: 1230

Re: Newbie: retirement vs. college savings vs. life insurance

You can have the company give you an in-force Illustration of guaranteed values reaching into the future to see the actual numbers. Since you are behind on regular investing, you should never have been sold this insurance. Get your term in place before giving up this one, perhaps enough to cover mor...
by BL
Thu Feb 15, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: American Funds 401k Advise
Replies: 18
Views: 655

Re: American Funds 401k Advise

krow36 wrote:
Thu Feb 15, 2018 10:46 am
Is your employer’s plan a 401k or a SIMPLE IRA? If it’s a SIMPLE, look at your paperwork and see if it’s a Form 5304 or a 5305. If it’s a SIMPLE, have you contributed to it for 2 years?
If you answer as to what type of SIMPLE, you may get a potentially valuable suggestion here!
by BL
Thu Feb 15, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Tax doubts for retirement and moving to the US from Brazil
Replies: 28
Views: 1742

Re: Tax doubts for retirement and moving to the US

I suggest you put your home country in the title which may attract those with special knowledge/interest of that country + US.
by BL
Thu Feb 15, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Friend with extremely high interest credit card debt
Replies: 20
Views: 1469

Re: Friend with extremely high interest credit card debt

Nate79 wrote:
Thu Feb 15, 2018 10:40 am
Dave Ramsey's total money makeover book would be a good read for her, preferably from her local library....
+1, but she has to want to do it.
by BL
Wed Feb 14, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Reasonably Safe Funds
Replies: 27
Views: 1813

Re: Suggestions for Reasonably Safe Funds

I suggest a single balanced fund such as: Life Strategy Conservative (60% bonds) or Target Retirement Income (70% bonds) or even Life Strategy Income (80% bonds). It is good to have at least 30% equities to keep up with inflation. I guess you could find an online bank offering decent CDs for conserv...
by BL
Wed Feb 14, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to advise a parent
Replies: 22
Views: 1825

Re: How to advise a parent

Not sure if she would listen to costs, but try this: Safe withdrawal rate for 30 years is considered to be 4%/year. 4% of 100,000 is $4000. If she pays 1% AUM, that is $1,000/year, or 1/4 of that 4000 she could have. If her funds have ERs over 1%, that is another $1,000/year that she doesn't get; sh...
by BL
Wed Feb 14, 2018 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: How to advise a parent
Replies: 22
Views: 1825

Re: How to advise a parent

What other recommendations are there? I have a number of books such as the Bogleheads Guide to Investing, The Little Book of Common Sense Investing, Four Pillars of Investing...but I think she would start to read them and think they're too complicated. jane Bryant Quinn, Making Your Money Last. Yes...
by BL
Wed Feb 14, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Employer Sponsored ROTH IRA to non Employer ROTH IRA
Replies: 10
Views: 608

Re: Employer Sponsored ROTH IRA to non Employer ROTH IRA

This "payroll deduction Roth IRA" from ICMA seems truly evil, suckering in people who don't realize what they are paying for it. Maybe so, but I expect many of these folks would not be saving in a Roth at all without it. Convenience costs money sometimes. Yes, I would find out if it can be transfer...
by BL
Wed Feb 14, 2018 2:17 am
Forum: Personal Finance (Not Investing)
Topic: Helping Mom with Taxes
Replies: 40
Views: 1849

Re: Helping Mom with Taxes

I see a few errors in your message, so I would suggest you need to do some more research. If you are willing to research, you probably can do it yourself, but it is not necessarily simple. With which tax preparing program are you familiar? Just use the 1040, it takes care of everything. Has she been...
by BL
Wed Feb 14, 2018 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...
Replies: 74
Views: 3036

Re: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...

You have received some good ideas here, but the fact is that only by using a tax program that handles EITC, CTC, Saver's Credit, etc., can you really get close to estimating your best method to maximize tax refund. There are just too many moving parts to get them all straight at once. For example, t...
by BL
Mon Feb 12, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: How will underpayment (Fed tax) be determined for 2018 taxes?
Replies: 2
Views: 336

Re: How will underpayment (Fed tax) be determined for 2018 taxes?

I haven't heard of any changes to what requires a penalty. Check your actual contributions and see if you are on schedule for paying at least what the tax showed on last year's 1040, higher if high income. I doubt many in the general population do this, so there will likely be some surprises next ye...
by BL
Mon Feb 12, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Helping girlfriend (full-time teacher) with retirement options: 401k, 403b, 457?
Replies: 12
Views: 769

Re: Helping girlfriend (full-time teacher) with retirement options: 401k, 403b, 457?

Pick the target date based on % bonds desired, not necessarily the date. Some like "age in bonds" and more aggressive up to "age - 10 or 20" in bonds.
by BL
Mon Feb 12, 2018 1:28 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard advice--I'm confused
Replies: 30
Views: 3654

Re: Vanguard advice--I'm confused

If you were willing to part with your favorite fund, you could get most of your bonds in tax-deferred accounts, and less in municipal bonds.

It is very confusing to not see funds broken into the various accounts. A Roth IRA is never taxed, so it is definitely not "taxable".
by BL
Mon Feb 12, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Helping girlfriend (full-time teacher) with retirement options: 401k, 403b, 457?
Replies: 12
Views: 769

Re: Helping girlfriend (full-time teacher) with retirement options: 401k, 403b, 457?

This is state-specific, so mentioning the state could be helpful. My guess is she is enrolled in PERA state retirement system, where both she and employer contribute to a deferred benefit plan (although some may have switched to defined contribution instead of a pension.) As mentioned above, the 457...
by BL
Mon Feb 12, 2018 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard advice--I'm confused
Replies: 30
Views: 3654

Re: Vanguard advice--I'm confused

I am guessing you lumped Roth IRA and taxable into one jumbled combo. Could you separate them if that is the case?
by BL
Sun Feb 11, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Index Annuities
Replies: 22
Views: 1388

Re: Fixed Index Annuities

SPIA (single premium immediate annuity) may be useful for buying a guaranteed lifetime income of a specific amount. It is simple enough that it can be compared for the best deal. It is insurance, not an investment, and is usually suggested for ages over 70 if you decide it is for you. An independent...
by BL
Sat Feb 10, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Hellbent on sustainability funds - which ones?
Replies: 11
Views: 1036

Re: Hellbent on sustainability funds - which ones?

I Googled "vanguard sustainability" and got some funds. I know nothing about these funds.
by BL
Sat Feb 10, 2018 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Organization - 33 yo - need advice
Replies: 19
Views: 1860

Re: Investment Organization - 33 yo - need advice

I guess you could do something like 5-3-3 of the 3 funds, if that is close enough. You can even things out next year. Or just do a Target date or Life Strategy fund with bond allocation closest to your preference, at least until you have enough so it is not so complicated. Ideally, you would choose ...
by BL
Sat Feb 10, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA or Investment account
Replies: 3
Views: 189

Re: Spousal IRA or Investment account

A Roth IRA for spouse would be high priority. Nothing beats a Roth, and why shouldn't spouse have one anyway?
Does spouse have other tax-advantaged accounts?
by BL
Sat Feb 10, 2018 1:52 am
Forum: Personal Finance (Not Investing)
Topic: American National Life Insurance - No medical exam?!
Replies: 4
Views: 488

Re: American National Life Insurance - No medical exam?!

Is this an independent agent that shops various companies?

Go to term4sale.com and do a comparison of rates to see if you are in the ballpark with the rates you are quoted.
by BL
Sat Feb 10, 2018 1:46 am
Forum: Investing - Help with Personal Investments
Topic: For the millionth time - Should I consider an investment advisor?
Replies: 10
Views: 1298

Re: For the millionth time - Should I consider an investment advisor?

I suggest you get about a million more or less in term insurance from an independent insurance agent or check term4sale.com for rates. Maybe half that for spouse because it could cost a lot to replace child care, maybe mortgage or other costs on things that you might need. Your child and spouse if n...
by BL
Sat Feb 10, 2018 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Accredited investor resources
Replies: 23
Views: 1278

Re: Accredited investor resources

Good luck to you. I get the feeling it is mostly that you are rich enough that SEC doesn't have to regulate things to protect you any more, so you are on your own to take risks.
by BL
Fri Feb 09, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Indexed Universal Life Question
Replies: 15
Views: 965

Re: Indexed Universal Life Question

The projection then shows taking out 120K a year until age 95 when there will be a 660K cash value remaining with 770K death benefit. I do believe you don't get both cash value AND death benefit, so just death benefit when you die. The insurance costs go way up as you get old, so more and more mone...
by BL
Fri Feb 09, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Started first big investment 2 weeks ago - Sell quick?
Replies: 29
Views: 1843

Re: Started first big investment 2 weeks ago - Sell quick?

Assuming the new tax laws did not change the recharacterization, your approach should work. As for AA (% stock/bond), folks have been enthusiastic lately because we haven't had a correction for a good while. One needs to choose something you can live with when markets crash without panic selling, wh...
by BL
Fri Feb 09, 2018 2:47 am
Forum: Investing - Help with Personal Investments
Topic: Helping Mom
Replies: 10
Views: 1543

Re: Helping Mom

If recent means less than a year, I suggest you don't pressure her to do anything uncomfortable for at least a year. She is under stress from losing a spouse and doesn't need unnecessary stress of decision-making on things that can wait. Maybe put things in a CD if that would work. Just help out wit...
by BL
Thu Feb 08, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Converting Vanguard ETFs to Admiral Shares Workaround
Replies: 15
Views: 851

Re: Converting Vanguard ETFs to Admiral Shares Workaround

Ok, in a Roth there is no issue. Just sell an ETF, buy equivalent mutual fund (investor shares if $3-<10k, Admiral if >$10k). If you don't have 3k, wait to sell that ETF.

Tax loss harvesting is only for taxable accounts.
by BL
Thu Feb 08, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for new Boglehead-where to focus extra money to correct past mistakes?
Replies: 26
Views: 1978

Re: Advice for new Boglehead-where to focus extra money to correct past mistakes?

Be aware that Roths can be considered a source of secondary emergency funds. The contributions could be removed without penalty or tax. Most of these decisions have no "right" answers, so you need to think about what makes sense to you. If seasoned BHs seem to agree on something, I would give specia...
by BL
Thu Feb 08, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Organization - 33 yo - need advice
Replies: 19
Views: 1860

Re: Investment Organization - 33 yo - need advice

If you list the funds available in 401k, including name, ticker, and ER, the folks here can help you pick the best choices, and you might skip the extra advisor fees, or at least make the decision. Fidelity PAS is usually not cheap and they may not put you into low-ER funds, so that is a double wham...
by BL
Thu Feb 08, 2018 2:03 am
Forum: Investing - Help with Personal Investments
Topic: Helping Neighbors Manage Their Own Accounts
Replies: 15
Views: 1392

Re: Helping Neighbors Manage Their Own Accounts

If they give to charities, they could use QCDs for some/all of their RMDs. I call Vanguard and they get a list of the charity and amount for which they send the check C/O me. Now that itemizing is even more difficult, more folks will probably use QCDs. As for tax bracket, I expect she will be in a h...
by BL
Thu Feb 08, 2018 1:29 am
Forum: Investing - Help with Personal Investments
Topic: Converting Vanguard ETFs to Admiral Shares Workaround
Replies: 15
Views: 851

Re: Converting Vanguard ETFs to Admiral Shares Workaround

If you want mutual funds, you will either have to sell those, the sooner the better, or leave them alone and start buying an investor share when you have $3k, then you can change them to Admiral as they get to 10k.

I believe you can go the other way without selling.
by BL
Thu Feb 08, 2018 12:20 am
Forum: Investing - Help with Personal Investments
Topic: Should I roll a former employer's 401K into a roth IRA or my current 401K?
Replies: 23
Views: 1114

Re: Should I roll a former employer's 401K into a roth IRA or my current 401K?

I would say your income is too high for any Roth conversions while you are making a good income. Your current 401k sounds good, so moving to that should be fine. Leaving it where it is for a while isn't too bad, until you are sure what to do. I would leave them in a 401k so you could do a Backdoor R...
by BL
Wed Feb 07, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of ditching my FA; UPDATE
Replies: 24
Views: 2646

Re: Thinking of ditching my FA

I think you can do it on your own if you read up in the Wiki and a recommended book or two. I like the Bogleheads' Guide to investing for an overall view. A small free guide written by a recommended author that might get you started is: https://www.etf.com/docs/IfYouCan.pdf If you find that you want...
by BL
Tue Feb 06, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: variable annuity or CDs in parents IRA
Replies: 16
Views: 792

Re: variable annuity or CDs in parents IRA

It's your parents' money, they aren't in financial difficulty, they are of sound mind, etc. - so let them do what they want, regardless of how suboptimal it might be. Unless they are asking strongly for your advice. But even if so, the "no interest at all in anything risky at all" is severely limit...
by BL
Tue Feb 06, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Recently divorced trying to clear all of my credit card debt.
Replies: 46
Views: 2951

Re: Recently divorced trying to clear all of my credit card debt.

Also just found out I have about $2,500 in a recent employee stock purchase issued from a month ago. The shares are in CompuShare and they're marked “unqualified” at the moment. Not sure but I think I need to hold them a year at least to claim the gains as long term. The gains are pretty modest rig...
by BL
Mon Feb 05, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Can/should we buy this much house?
Replies: 9
Views: 1224

Re: Can/should we buy this much house?

Could you rent for a year, while you save like crazy, see how the job works out, learn the neighborhoods, and see what you really must have? If not, I would go cheaper.