Search found 8425 matches

by BL
Sun Dec 09, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: 30 years old, 250k portfolio allocation?
Replies: 16
Views: 1929

Re: 30 years old, 250k portfolio allocation?

Do you have a 401k or similar? That would be ideal for your bonds. Figure out the % of US, International, and bonds and distribute them, bonds in 401k, stocks in taxable, and the rest wherever there is space. Probably some of each in 401k, so you can re-balance without paying CG tax. Suggest you rea...
by BL
Sat Dec 08, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 34
Views: 2013

Re: options to cover next 10 years before SS

I suggest looking as SS carefully. Some decisions may depend on the PIA amounts for each. There were changes made a couple of years ago, so be sure to get the latest info. Mike Piper has written an updated book on SS that might be useful. (Take link to Amazon from here.) Know answer to these details...
by BL
Sat Dec 08, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Young and Dumb--wanting to start investing
Replies: 14
Views: 1326

Re: Young and Dumb--wanting to start investing

And even if it is smart to enter now with this impending bear market, as I don't want to put in $6k and experience an immediate loss (but maybe I'm missing something and that's not the case). I don't know which way the market will go. However, you can minimize your regret from getting in at the wro...
by BL
Sat Dec 08, 2018 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Help on how to break even on investment idea
Replies: 3
Views: 535

Re: Help on how to break even on investment idea

Have you had rentals previously? This does not sound good to me. Do you have lots of spare money to cover vacancies, repairs, maintenance, etc.? I don't see that you have allowed much for that from rental income. Doing this from a foreign country sounds even worse. Can you fly/drive back when emerge...
by BL
Fri Dec 07, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring Fidelity IRA to Vanguard IRA -- Does Current Allocation Seem Okay?
Replies: 10
Views: 544

Re: Transferring Fidelity IRA to Vanguard IRA -- Does Current Allocation Seem Okay?

Here is a great little PDF to get you started. The 3-fund portfolio (search for page in Wiki) is the investment of choice for many Bogleheads. https://www.etf.com/docs/IfYouCan.pdf The V. Life Strategy and Target date funds are similar to the 3-fund, with the addition of an international bond. F. ha...
by BL
Fri Dec 07, 2018 5:57 pm
Forum: Personal Consumer Issues
Topic: Helping in-laws with buy vs lease
Replies: 14
Views: 910

Re: Helping in-laws with buy vs lease

If they can afford a lease, why not you buy an affordable car that they can "rent-to-own" from you? Win-win! Perhaps they could pay insurance to you also. Insurance would need liability, other types optional with cheap car. I sympathize with spending on new car with IVF expenses. Doesn't seem pruden...
by BL
Fri Dec 07, 2018 2:39 am
Forum: Investing - Help with Personal Investments
Topic: Young and Dumb--wanting to start investing
Replies: 14
Views: 1326

Re: Young and Dumb--wanting to start investing

Agree that starting out with Vanguard Target Date Fund, Life Strategy Growth, or a Total Stock market (alternately S&P 500) is fine. Get paperwork by e mail (online) so there is no low-amount charge. Here is a good quick read with lots of great info throughout: https://www.etf.com/docs/IfYouCan.pdf ...
by BL
Wed Dec 05, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Unemployed, questions about personal investing situation.
Replies: 13
Views: 1339

Re: Unemployed, questions about personal investing situation.

You have come to a good source here. No one here stands to gain from any recommendations. The Wiki has Getting Started. Read about Windfalls in the Wiki. There is no rush to do this. Stop. Take a deep breath. Read a recommended book such as the Boglehead's Guide to Investing and this quick pdf with ...
by BL
Wed Dec 05, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: How far back can HSA Expenses go?
Replies: 14
Views: 1506

Re: How far back can HSA Expenses go?

clydewolf wrote:
Wed Dec 05, 2018 6:14 pm
If you qualify and use a Schedule A medical deduction, you can not use your HSA to reimburse those expenses.
You are right, but those are the types of expenses that could be used for HSA reimbursements.
by BL
Wed Dec 05, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Hypothetical Roth IRA question
Replies: 10
Views: 415

Re: Hypothetical Roth IRA question

Why not just wait until you know for sure?

There are ways to undo it.
by BL
Wed Dec 05, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: How far back can HSA Expenses go?
Replies: 14
Views: 1506

Re: How far back can HSA Expenses go?

I used my small one for Medicare Part B. Read the list from Schedule A Medical. I think co-pays, eyes, ears, and teeth would add up as well.
by BL
Wed Dec 05, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Reuqesting Help With Managing of Winnings
Replies: 37
Views: 3641

Re: Reuqesting Help With Managing of Winnings

You may have checked this info, but if not, this may be helpful:
https://fantasyfootballers.org/law/tax- ... s-players/
by BL
Wed Dec 05, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Whoops, thought wife's tIRA was Roth...help!
Replies: 28
Views: 1870

Re: Whoops, thought wife's tIRA was Roth...help!

I think you'll want to do 8606 from the start, otherwise you will pay tax on it all when you sell. The 8606 informs IRS that you didn't deduct it so they won't make you pay it again.
by BL
Tue Dec 04, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Reuqesting Help With Managing of Winnings
Replies: 37
Views: 3641

Re: Reuqesting Help With Managing of Winnings

As far as taxes/deductions are concerned, you might try Google: https://www.accountingweb.com/tax/individuals/gambling-loss-deductions-broadened-under-new-tax-law I know nothing about this website. Here is another: You can deduct your losses…to an extent You can’t deduct the cost of your wager from ...
by BL
Tue Dec 04, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: transfer 401k to IRA transaction delays
Replies: 11
Views: 372

Re: transfer 401k to IRA transaction delays

If you have fixed income elsewhere, perhaps you could buy equities for that time period. (Have never bothered doing that.)
by BL
Tue Dec 04, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: how to advice super conservative parents
Replies: 14
Views: 1071

Re: how to advice super conservative parents

I will take a shot at this. However, beyond that. I am thinking a few other things 1. convert some CDs (when they mature) into safe bonds (treasury or muni bonds maybe), it should save some tax and beat the ~3% bank interest. I wouldn't push it. It is no fun watching your bonds lose money! Any inte...
by BL
Mon Dec 03, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Should I moved my American Funds to Vanguard?
Replies: 16
Views: 977

Re: Should I moved my American Funds to Vanguard?

You could ask if Vanguard charges to sell F shares. If so you could transfer just F shares since you could sell them without cost. I don't believe they charge to sell A class funds. I would definitely sell the C-shares and send cash to V. Simplest would be to sell it all, transfer the money, and buy...
by BL
Mon Dec 03, 2018 10:42 am
Forum: Investing - Theory, News & General
Topic: Rules of thumb for allocation/exposure
Replies: 29
Views: 2178

Re: Rules of thumb for allocation/exposure

I may add to my wife's IRA in VTTVX since I had severance pay earlier this year, I can take that $6500 tax deduction by doing that. This money would also come from the "excess" emergency fund.
If you have enough (but not too much) W-2 income, you could add to a Roth IRA for yourself as well.
by BL
Mon Dec 03, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Could use some advice for balancing/simplifying portfolio
Replies: 10
Views: 822

Re: Could use some advice for balancing/simplifying portfolio

You might be more likely to get specific help if you edit (click pencil in your first post) to include details and format from Asking Portfolio Questions (sticky at top of Help with personal investments column.) It is a bit of work and asks for % of total for each fund to make it easier to plan the ...
by BL
Sun Dec 02, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Could use some advice for balancing/simplifying portfolio
Replies: 10
Views: 822

Re: Could use some advice for balancing/simplifying portfolio

What is VSTX? Anyway, I would build up an emergency fund before investing in taxable. Could be Prime Money Market at V or higher yield FDIC insured MM or savings at bank or CU. You don't need to have everything in each account. You could have one or two funds in most accounts and 3 basic ones for re...
by BL
Sun Dec 02, 2018 4:38 pm
Forum: Personal Consumer Issues
Topic: Please Recommend a New Car for Me
Replies: 52
Views: 3919

Re: Please Recommend a New Car for Me

Got a new prior model Buick Encore last year that has some of those preferences: higher, but not too high; shorter and narrower; music and phone calls from smartphone; heated seats and steering wheel; AWD, $-mid-20's after big discount; next to top of the line (I bet the t-o-l would open and close "...
by BL
Sun Dec 02, 2018 2:50 am
Forum: Personal Finance (Not Investing)
Topic: Financial planning for new military member - multiple questions
Replies: 33
Views: 1681

Re: Financial planning for new military member - multiple questions

His future spouse will probably have to pay MN tax.

If he is ever stationed in FL, TX, WA, (no income tax), he might want to consider changing. I don't know the details, but a number of military folks choose that. The MN law is new, so the word is finally getting out there.
by BL
Fri Nov 30, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking the Best Portfolio Analyzers' Advice
Replies: 1
Views: 187

Re: Seeking the Best Portfolio Analyzers' Advice

1. Wash sale would be any purchase (buy or re-invest) of nearly identical investments 30 days before or after TLH in any IRA or taxable account. You could buy anything else.

2. My first choice for bonds would be in TSP, probably traditional.

3. I would prefer V. for international, given a choice.
by BL
Fri Nov 30, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 79
Views: 10263

Re: Too Much Savings Regret

Since you mention Thrift, I assume that is TSP, which is usually connected with a job having pension. Do you expect a pension? If so, you may be paying for that in lower salary or in required contributions, which may or may not be included in your calculations. Every individual/couple needs to consi...
by BL
Fri Nov 30, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Back Door Roth: Can it trigger an Audit?
Replies: 14
Views: 1215

Re: Back Door Roth: Can it trigger an Audit?

I am curious if he is paying that "advisor" for advice?? If so, what else is he/she advising?
by BL
Thu Nov 29, 2018 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Gain Harvesting: the Sawtooth Shelter
Replies: 6
Views: 654

Re: Taxable Gain Harvesting: the Sawtooth Shelter

Good point, thank you . If 365 days of gains prompts a sale early in the year, then I am locked out of taking short term losses for the rest of the year. I could still take the short term losses, but they won't yield for me a tax deduction. I suppose I could wait until late in the year to harvest m...
by BL
Thu Nov 29, 2018 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Father seeking advice: how to support?
Replies: 9
Views: 1237

Re: Father seeking advice: how to support?

ecotone, forgetting the other matters, is it correct that your dad is currently getting payments from this annuity? It is a bit unusual, but sometimes Insurance companies with annuities paying out at greater than market interest rate do offer buyouts. If the annuity is paying out at greater than th...
by BL
Wed Nov 28, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: Charity in the accumulation phase- Now vs. Later
Replies: 24
Views: 938

Re: Charity in the accumulation phase- Now vs. Later

I agree with the general trend of the answers you are receiving. Responsible charitable causes have needs now, and they depend upon people who are good stewards of all that comes into their possession. If you can't bring yourself to part with time, talent, or treasure for charitable purposes now, y...
by BL
Mon Nov 26, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Gain Harvesting: the Sawtooth Shelter
Replies: 6
Views: 654

Re: Taxable Gain Harvesting: the Sawtooth Shelter

Current or future realized CGs would have to be offset by any CL you have realized first before using for ordinary income at $3k/year.

If you have state tax, that might tax your CG.
by BL
Mon Nov 26, 2018 2:28 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion
Replies: 50
Views: 3147

Re: Roth Conversion

Have you also calculated the tax rate when there is a single survivor left? Each single bracket is about 1/2 of the mfj tax bracket.
by BL
Mon Nov 26, 2018 2:12 am
Forum: Investing - Help with Personal Investments
Topic: YTD 15% capital loss. What is next?
Replies: 27
Views: 2505

Re: YTD 15% capital loss. What is next?

Here is a 16- page pdf that has everything you need to know. The 3 suggested funds could easily be converted to a single balanced fund of desired bond %age, such as Vanguard Target date or Life Strategy funds. https://www.etf.com/docs/IfYouCan.pdf title is: If You Can: How Millennials Can Get Rich S...
by BL
Sun Nov 25, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Countdown on 2018 tax planning
Replies: 8
Views: 1628

Re: Countdown on 2018 tax planning

4. I have one "loser" in my after tax portfolio-- I've already bought new shares and have marked the date I will sell the other shares if there is still a loss to be had. That STCG loss can offset some dividend income in the same account. You might want to give more details here if you want more su...
by BL
Sun Nov 25, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Prioritizing investments question
Replies: 5
Views: 368

Re: Prioritizing investments question

3-6 months emergency fund. Upper half could be in Roth IRA if necessary. HSA if insurance is suitable. Save it if you can pay out of pocket without cutting back on other tax-advantaged accounts. Fill 401k to match. Fill rest of 401k. Do spouse's tIRA if deductible (check it out and wait till tax is ...
by BL
Sat Nov 24, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Military help re:income from the government
Replies: 4
Views: 526

Re: Military help re:income from the government

Hello, My LT. Colonel brother passed away in Sept 2017. My brother's last pay check was distributed to my 94 yr old father (who was a veteran) in 2018. My father then passed in 2018. I am my father's trustee and trying to estimate his final tax information/income for 2018. Maybe this will help: The...
by BL
Sat Nov 24, 2018 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investing House Proceeds for Parents
Replies: 6
Views: 765

Re: Investing House Proceeds for Parents

That is a huge amount in company stock! Seriously look into selling a lot of it. If prices have really gone down, now is a perfect time to sell and buy total stock market instead. Find out original prices and current price so you can know Capital Gains. Find out how to sell. Maybe get a CPA involved...
by BL
Sat Nov 24, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a friend with his manager
Replies: 33
Views: 1809

Re: Helping a friend with his manager

He should get paperwork at least annually that can be studied. He should also be able to get on-line access. It takes a lot of work to figure out what is going on, but frequency of sales and purchases, and maybe costs show up somewhere as well. He won't move until he is ready. The salesman will do a...
by BL
Sat Nov 24, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: ignore
Replies: 8
Views: 1545

Re: SocSec widow benefits confirmation

She was born in 1961 and the FRA for her widow’s benefit is 66 years and 10 months. https://www.ssa.gov/planners/survivors/1961s.html which is what year and month? (then we don't all have to try to figure it out!) Is it #2, "January 2028, if I am dead, apply for widow's benefits to start in March 2...
by BL
Sat Nov 24, 2018 2:04 am
Forum: Investing - Theory, News & General
Topic: pros and cons of target date funds?
Replies: 52
Views: 5696

Re: pros and cons of target date funds?

You could consider using a balanced fund like Target date to be getting professional assistance at a very low cost. They are set up and managed by professionals. There is always the temptation to tinker with the funds or AA, so having a balanced fund helps you not to do that. This means you may very...
by BL
Fri Nov 23, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: ignore
Replies: 8
Views: 1545

Re: SocSec widow benefits confirmation

2. If you die anytime after Feb 2023, your wife can apply for survivor's benefits. Full benefits at her full retirement age or reduced benefits as early as age 60. She doesn't need to wait until 2028 if she doesn't want to. Understood, but I'm looking for instructions that maximize her long-term be...
by BL
Thu Nov 22, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations For Easy to Manage Accounts
Replies: 6
Views: 825

Re: Recommendations For Easy to Manage Accounts

She may be eligible to put 6500/year (7k next year) into a Roth IRA since she has work income.

I think you/she should decide which way to invest and then stick with it rather than try to do both.
by BL
Thu Nov 22, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Recommendations For Easy to Manage Accounts
Replies: 6
Views: 825

Re: Recommendations For Easy to Manage Accounts

you can keep the IRA invested 60/40, but i would move it away from the advisor. you can pick LS Moderate Growth to do the same thing ^^^ This +1 (maybe 40/60 Life Strategy Conservative for this smaller pot of money.) An alternative would be to put 50k (minimum) with Vanguard PAS advisors at 0.3%/yr...
by BL
Wed Nov 21, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing
Replies: 22
Views: 2864

Re: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing

I like the DIY option if most of the money is in taxable. You can do a bit of tax loss harvesting if one fund goes down, and if things go up, you can give some of your shares with high capital gains away using the qualified charitable distribution option (avoiding the capital gains tax, and maybe g...
by BL
Wed Nov 21, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: First Time Mutual Fund Tax Loss Harvesting
Replies: 5
Views: 330

Re: First Time Mutual Fund Tax Loss Harvesting

Short term losses are good! They first off-set short-term gains, then if any left, off-set long-term gains. Sell all losses, sell anything purchased within one month, turn off any future purchases (including re-investing dividends and distributed CGs) for the next month or longer. Sell at a gain wha...
by BL
Wed Nov 21, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Assuming vs Inheriting an IRA
Replies: 8
Views: 756

Re: Assuming vs Inheriting an IRA

Seems like I heard there is a difference when the next heir receives it.

Be sure that beneficiaries are correct.
by BL
Wed Nov 21, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Recommendations with new 401k
Replies: 2
Views: 345

Re: Portfolio Recommendations with new 401k

It would help get good advice if you give the ERs for the fund choices. Get numbers from your plan, as they are sometimes different from the published ones elsewhere.
by BL
Wed Nov 21, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Question about qualified charitable distribution (QCD)
Replies: 11
Views: 559

Re: Question about qualified charitable distribution (QCD)

You can do a QCD of up to 100k/year and it will not be taxed. It will be recorded on your 1040 from your 1099 but it is not added to the AGI amounts which is what you pay tax on. If QCD is done after RMDs, it does not help with tax on RMDs, but still is not taxable but reduces your IRA balance. We d...
by BL
Tue Nov 20, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with personal finance
Replies: 9
Views: 750

Re: Need help with personal finance

Could you sell some employer stock to start getting down to 5% or certainly less than 10%? Having both job and investments tied up in the same company is a risk. I would want mostly equities in Roth for tax-free gains. Too many funds in taxable! Look at 3-fund portfolio in Wiki. Avoid taxable bonds ...
by BL
Tue Nov 20, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Old new investor just woke up needs to catch up
Replies: 59
Views: 6087

Re: Old new investor just woke up needs to catch up

After filling retirement accounts, I suggest attacking the motorcycle payments. It may not be easy to make more than the 4% it is costing you.

A V Target Date of desired Bond % might be a good starting point for Roths.
by BL
Tue Nov 20, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: Good oil for cooking and salad?
Replies: 38
Views: 2456

Re: Good oil for cooking and salad?

Earl Lemongrab wrote:
Tue Nov 20, 2018 12:50 pm
lutok wrote:
Tue Nov 20, 2018 8:18 am
Just personal preference, but I have never seen a "canola" :)
It's made from rapeseed, so a new name was desired for marketing purposes. The "can" in canola comes from "Canada".
I always heard "CANadian Oil Low Acid"
by BL
Tue Nov 20, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Helping mom with inheritance. Help!
Replies: 23
Views: 2534

Re: Helping mom with inheritance. Help!

By paying extra, you could get a SPIA with a guaranteed term, say, 10 years, if she did not live that long. I don't know just how it works. I like paying off the car. That would be like a SPIA in a way with an extra 200+/month spending money. No money going to insurance company, and no concerns abou...