Search found 8379 matches

by BL
Tue Nov 20, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with personal finance
Replies: 9
Views: 574

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: 11
Views: 775

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: 32
Views: 1701

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: 2416

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...
by BL
Mon Nov 19, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Selling Investments to Pay Down Debt
Replies: 11
Views: 1083

Re: Selling Investments to Pay Down Debt

Since you got yourself into this spot, I think it shows that you really need an emergency fund to do the rescue. Granted, one should never borrow (charge) more than can be paid off when due. But things happen: cars break down, something you can't pass up, whatever. Keep that Roth and add to it for r...
by BL
Mon Nov 19, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 9
Views: 1069

Re: SS Question

How old is this couple? Unless they are past about 65 this year??, the law changed quite a bit back in about 2016. Here is one of the old Boglehead threads that came up from about the time of law change. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=176706&newpost=2672699#p2672395 For exampl...
by BL
Mon Nov 19, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 9
Views: 1069

Re: SS Question

How old is this couple? Unless they are past about 65 this year??, the law changed quite a bit back for them in about 2016. You really need experts, like Mike Piper, who revised his SS book, to get correct info with these major changes. Otherwise you may get incorrect or incomplete info here and els...
by BL
Mon Nov 19, 2018 1:32 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) alternatives
Replies: 9
Views: 791

Re: 401(k) alternatives

Here is a great pdf to get you started investing and how to watch out for folks selling you products that mainly help them, not you.
https://www.etf.com/docs/IfYouCan.pdf
by BL
Mon Nov 19, 2018 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Selling Investments to Pay Down Debt
Replies: 11
Views: 1083

Re: Selling Investments to Pay Down Debt

Maybe taxable if Capital Gains are not too great. Maybe do 401k contributions to meet any match, and hold off a bit with the rest. Probably not traditional IRA because you would owe tax and penalty. There is really not enough information here. How much debt, income, what expenses can you cut, what i...
by BL
Sun Nov 18, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: A Few Questions About Spousal IRAs
Replies: 2
Views: 306

Re: A Few Questions About Spousal IRAs

How do I determine how much I can contribute to the spousal IRA? I've tried to read up on this but the phrasing of the answers can be confusing. Is it that so long as my income is greater than $11,000 then I can max out both IRAs? If your Box 1 income (after certain reductions) on your W-2 is at le...
by BL
Sun Nov 18, 2018 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Rebalancing Advice - Need to get this 6% bond allocation up!
Replies: 10
Views: 927

Re: 401K Rebalancing Advice - Need to get this 6% bond allocation up!

Since everything is traditional (tax-deferred), it doesn't really matter where you change to bonds. I would do it wherever you think is simplest, which may be old 401k if they allow it. Whichever one of you does not own the Rollover IRA could do a backdoor Roth if you want to. Whenever you roll the ...
by BL
Sun Nov 18, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: NFCU offering free $2K in AD&D insurance, does it make sense?
Replies: 7
Views: 686

Re: NFCU offering free $2K in AD&D insurance, does it make sense?

Sure, why not? It is dirt cheap for them, and a good way to advertise. I wouldn't buy it, however.
by BL
Sun Nov 18, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement/Life Strategy vs 4 Fund DIY balancing
Replies: 17
Views: 1912

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

If you are ok with a balanced fund, I would choose that also. For those who insist on 4 funds, that is fine, but requires more attention and the need to avoid messing with AA.
by BL
Sun Nov 18, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 9
Views: 1069

Re: SS Question

I believe the most she could receive would be 1/2 his PIA amount, not age 70 amount. Read about the difference between spousal and survivor benefits.

One place to also read is Mike Piper's Social Security book or his other writings such as a search here on Boglehead's might produce.
by BL
Sun Nov 18, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to get serious about portfolio allocation, looking for feedback on my plan!
Replies: 3
Views: 360

Re: Starting to get serious about portfolio allocation, looking for feedback on my plan!

I would appreciate any feedback on my plan. For insight into what a reallocation effort I might consider "too much effort," something like tax-loss harvesting, which I understand the potential 3k yearly benefits of , is a level of micromanagement I'm not interested in. I'd rather reallocate my stoc...
by BL
Sun Nov 18, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 30
Views: 895

Re: Traditional IRA rollover to 403b witholding amount

I am thinking you have been reading too many posts about splitting up tIRA to 401k/403b and Roth IRA so it has gotten all jumbled up with Roth contributions. First, you can contribute a maximum of 5500 to an IRA per year. Doesn't matter if it is Roth or traditional or both. Have you contributed a to...
by BL
Sun Nov 18, 2018 1:10 am
Forum: Investing - Theory, News & General
Topic: Prime MM vs 6-month Treasury in IRA
Replies: 19
Views: 2032

Re: Prime MM vs 6-month Treasury in IRA

Thanks, Kevin. It is interesting to see how close they are and have been. I have Prime MM.
by BL
Sun Nov 18, 2018 12:44 am
Forum: Investing - Theory, News & General
Topic: Investing idea--what am I missing?
Replies: 13
Views: 1339

Re: Investing idea--what am I missing?

Suggest you instead put it all in Vanguard Tax-Managed Fund and concentrate on you job and your life. You are an expert at your job but don't assume you can be better that professionals at this, and even they can't succeed long-term. You could turn it over to Vanguard PAS and let them handle it for ...
by BL
Sun Nov 18, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Single Vanguard MF for Taxable Account
Replies: 9
Views: 1194

Re: Single Vanguard MF for Taxable Account

What tax bracket do you think she would be in? For higher (maybe 24% or higher), the tax-managed fund (50/50 stock/bond) might be fine if ok with the Stock/bond ratio. 2 funds like total stock market and a muni fund might be simple enough. If extra tax is ok, you have a lot of choices with any V tar...
by BL
Sun Nov 18, 2018 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting for a beginner with inheritance
Replies: 9
Views: 877

Re: Tax loss harvesting for a beginner with inheritance

You simply do the math on the required forms for Capital Gains/losses when you report the sales shown on 1099-B report you get next Jan or Feb. https://www.irs.gov/pub/irs-pdf/f8949.pdf and https://www.irs.gov/pub/irs-pdf/f1040sd.pdf are the 2017 forms you would use for last year. Then the info tran...
by BL
Sat Nov 17, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Betterment taxable account to Vanguard taxable, help on tax efficiency
Replies: 9
Views: 729

Re: Moving Betterment taxable account to Vanguard taxable, help on tax efficiency

I suggest you call V, this time with complete list of your ETFs and/or funds, to find out if there is a cost to sell them. I believe there was a recent change in the cost of buying/selling ETFs, but not most funds.

They seem to make a policy of never waiving fees.
by BL
Sat Nov 17, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: In Grad school but work at a hotel which likely will be my career. Retirement?
Replies: 30
Views: 3306

Re: In Grad school but work at a hotel which likely will be my career. Retirement?

I think you are doing fine contributing to the Roth IRA. Hopefully you have it in a great fund such as a Target Date, total stock market, S&P 500, or similar low-ER fund at a brokerage like Vanguard, Fidelity, etc., or even in a bank CD. This could serve as a backup emergency fund in the future; hop...
by BL
Sat Nov 17, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: Question about Roth conversion
Replies: 33
Views: 1831

Re: Question about Roth conversion

3. Does the conversion in any way limit or restrict my ability to contribute to a Roth or traditional IRA? Help appreciated. 3. No, you should be able to contribute based on spouse's income and your age. 3. Yes it could. The amount you convert from IRA to Roth is considered income and there is an i...
by BL
Sat Nov 17, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: How to pick a wifi router to replace one we rent from Cox?
Replies: 20
Views: 1191

Re: How to pick a wifi router to replace one we rent from Cox?

Not necessarily the best way, but Linksys company would suggest something based on your needs and sell installation as well (by taking over your computer remotely). It is a little scary, but worked out fine.
by BL
Sat Nov 17, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account - Cost basis - specID or Avg
Replies: 13
Views: 814

Re: Taxable account - Cost basis - specID or Avg

Some suggest waiting 6 months before making a change. This is partly to avoid making emotional decisions or spur-of-the-moment changes. Also make a plan and write it out; look at it every time you are tempted to make a change. There was an article about dead folks doing the best in investing (they d...
by BL
Fri Nov 16, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA rollover to 403b witholding amount
Replies: 30
Views: 895

Re: Traditional IRA rollover to 403b witholding amount

I am confused about whether any of it was deductible (the word taxable is not clear), that is, you deducted the contribution from your 1040 taxes. If none of it was ever deducted (pre-tax), then you could convert it all to a Roth IRA and only pay tax on the gains you convert. Be sure you understand ...
by BL
Fri Nov 16, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage payoff given new 2018 tax code
Replies: 15
Views: 1880

Re: Mortgage payoff given new 2018 tax code

The new high standard deduction makes all itemized deductions a lot less valuable since you only get a marginal benefit. That is the tax savings on this amount: (total itemized deductions minus the standard deduction). I don't think this has really sunk in yet for many people. You don't even get pe...
by BL
Fri Nov 16, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to Decide Future Investments
Replies: 15
Views: 1214

Re: TRYING TO DECIDE FUTUTRE INVESTMENTS

Not sure if you were looking at an equity-indexed annuity but FINRA (a watchdog) has a good description and caveat on these:
https://www.finra.org/sites/default/fil ... 125847.pdf

Read carefully.

If you must have annuities contact lower cost places like Vanguard.
by BL
Fri Nov 16, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage payoff given new 2018 tax code
Replies: 15
Views: 1880

Re: Mortgage payoff given new 2018 tax code

ltiku, it sounds like you are way on top of this...and should probably be offering rather than asking advice here. (How's that for a welcome?) If the illiquidity premium seems to answer for its risk, on a commitment of this scale, then go for it. Do think about gift bunching with a DAF since you wi...
by BL
Fri Nov 16, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need a financial advisor?
Replies: 12
Views: 1217

Re: Do I need a financial advisor?

No, you don’t need an advisor. There are all-in-one funds that are inexpensive and basically do the investing for you. Target Date Retirement funds change their allocation over time as you get closer to retirement to be more conservative: https://www.bogleheads.org/wiki/Target_date_funds Less stock...
by BL
Fri Nov 16, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Off- How Does This Look?
Replies: 6
Views: 648

Re: Starting Off- How Does This Look?

Keep it totally separate from 401k.
Search for backdoor Roth in Wiki.
by BL
Fri Nov 16, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: MM vs Bonds vs CDs for a 69 year old
Replies: 4
Views: 743

Re: MM vs Bonds vs CDs for a 69 year old

With $40k already dedicated to Vanguard Federal Money Market Fund (VMFXX) and $30k for individual stocks, for better diversification I suggest simply using Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) for the last $25k. However "quick and easy access" doesn't require use of a money...
by BL
Fri Nov 16, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to Decide Future Investments
Replies: 15
Views: 1214

Re: TRYING TO DECIDE FUTUTRE INVESTMENTS

Beware! It is great income for the salesman! Delaying Social Security is the best way to buy a COLA-enhanced annuity. Pensions are other good annuities. SPIAs are about the only other good annuities worth considering, IMO, assuming you need more guaranteed income for basic needs. Index probably does...
by BL
Fri Nov 16, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: Question about Roth conversion
Replies: 33
Views: 1831

Re: Question about Roth conversion

You will have no tax on 15% of a bigger hunk of SS money if you wait.
by BL
Fri Nov 16, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 53
Views: 4548

Re: Northwestern Mutual nightmare - help needed

Jane Bryant Quinn has a recent book that is more up to date than "Making the Most of Your Money Now" . They are both excellent and I have read both several times. (Well, big parts of them.) The new one is "How to Make Your Money Last, The Indispensable Retirement Guide" and certainly worth buying. ...
by BL
Fri Nov 16, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account - Cost basis - specID or Avg
Replies: 13
Views: 814

Re: Taxable account - Cost basis - specID or Avg

I changed mine to Spec. Id, just in case I want to tax-loss-harvest (TLH) the lots (purchases) that have a loss. I reinvest dividends but it does leave you with a bunch of lots. Tax reporting is required for your broker so information should be there when you need it. However, if TLH is in your futu...
by BL
Thu Nov 15, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Keep voluntary life through employer at 58 / 60 years old?
Replies: 7
Views: 554

Re: Keep voluntary life through employer at 58 / 60 years old?

Talk to an independent insurance broker who will check several companies, or check term4sale.com online.
by BL
Thu Nov 15, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Young Professional...No Safe Investment? Pay off Debts?
Replies: 22
Views: 1622

Re: Young Professional...No Safe Investment? Pay off Debts?

I think it would be important to look into setting up a 401k for your business so you can defer taxes on a lot of money. There is a comparison of some types here at Vanguard (not recommending V for this-no knowledge). https://investor.vanguard.com/small-business-retirement-plans/comparison If you do...
by BL
Thu Nov 15, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Question about Roth conversion
Replies: 33
Views: 1831

Re: Question about Roth conversion

Newly retired without about 3 years before RMDs kick in. Wife still works, but our tax bracket will drop to 12%. As a result, I am thinking of converting as much of my traditional IRA to a Roth as reasonable since my tax bracket will be higher later. Questions: 1. Is this a good strategy (anything ...
by BL
Thu Nov 15, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Should I fund a 401k by drawing down a taxable account?
Replies: 16
Views: 823

Re: Should I fund a 401k by drawing down a taxable account?

Each of us has to do what makes sense to us now. The expression I have read here, "there are many ways to Dublin" comes to mind. You are doing well. Since you are planning future taxes, have you also included what happens when the first of a couple dies? In our case, we would go from 12% to 22% (or ...
by BL
Thu Nov 15, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: In Grad school but work at a hotel which likely will be my career. Retirement?
Replies: 30
Views: 3306

Re: In Grad school but work at a hotel which likely will be my career. Retirement?

You could do a roll-over to an IRA at Vanguard, Fidelity, or ??, or even a bank IRA, when you leave. A Target date fund if you will have >$1000, or an ETF if less, should be fine. Usually that could also be rolled into a 401k where you are currently working.
by BL
Thu Nov 15, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Any space heaters that automatically maintain a temperature in a room!
Replies: 37
Views: 3070

Re: Any space heaters that automatically maintain a temperature in a room!

Trism wrote:
Tue Nov 13, 2018 1:10 pm
Get an electric blanket.

+1
by BL
Thu Nov 15, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should I fund a 401k by drawing down a taxable account?
Replies: 16
Views: 823

Re: Should I fund a 401k by drawing down a taxable account?

Yes, I believe so.
Do you also max Roth IRAs?
by BL
Thu Nov 15, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with RMD - 91 Year Old Mom
Replies: 18
Views: 1468

Re: What to do with RMD - 91 Year Old Mom

If she does gift to charity, the QCD plan is terrific for RMDs. Anyway, it is a good idea to be aware of it, and find out if she gives to church or other charity. There is no tax on QCD withdrawals, and they can be used in lieu of some/all of the RMD if done before RMDs are completed. I simply call ...
by BL
Wed Nov 14, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 53
Views: 4548

Re: Northwestern Mutual nightmare - help needed

... With the annuity, you probably should determine how much of a taxable gain would you have on it. Personally, I'd be tempted just to surrender the thing, depending on the numbers.... Thanks for your insight! I'm trying to figure out how much I would owe. I am nearly 3 years into the annuity, so ...
by BL
Wed Nov 14, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Brand New to Boggleheads, Thoughts on my stocks?
Replies: 12
Views: 715

Re: Brand New to Boggleheads, Thoughts on my stocks?

The philosophy here is that you should not invest in individual stocks due the high risk. Look at Enron, Sears, ge, etc. you should invest in a broad index of passive mutual funds. Read this guide https://www.etf.com/docs/IfYouCan.pdf Then read the bogleheads wiki. https://www.bogleheads.org/wiki/G...
by BL
Wed Nov 14, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: sony TV XBR49X900F $1K vs a cheaper alternative Samsung $330
Replies: 18
Views: 955

Re: sony TV XBR49X900F $1K vs a cheaper alternative Samsung $330

Is Mom paying for it? If so, consider her wishes, but maybe give her some alternatives. If you are paying, then it is a different story. Try to find out what she is looking for, and how she came up with this model. Do what you can afford, as well as your best judgement. I am older than she is, but w...
by BL
Wed Nov 14, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 53
Views: 4548

Re: Northwestern Mutual nightmare - help needed

I doubt you even have a gain on the annuity. Surrender charges have to recoup the commission received by the salesman. There might be a lesser charge at your next anniversary of purchase. Call the company and ask how much you get when you surrender. Remember that what you put in is subtracted from t...
by BL
Wed Nov 14, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Interested in filing my own taxes
Replies: 9
Views: 974

Re: Interested in filing my own taxes

Re: dependent care: https://turbotax.intuit.com/tax-tips/family/deducting-summer-camps-and-daycare-with-the-child-and-dependent-care-credit/L8aAzvmjB I have forgotten the IRS form for the credit, but search IRS for it. Believe you need caregiver's SSN and statement of charges. Can't double-dip same ...