Search found 8154 matches

by BL
Wed Aug 15, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: FIRE within 5 years with high income?
Replies: 8
Views: 1461

Re: FIRE within 5 years with high income?

AFAIK, Balanced has no International, and Int has not done as well lately, so it could be due to that. Who knows about the future. I think it is a good fund with a low ER.

Search Wiki for "backdoor Roth".
by BL
Tue Aug 14, 2018 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: 64 yrs old should I get into the stock market
Replies: 12
Views: 2017

Re: 64 yrs old should I get into the stock market

I like the Quinn books, also suggest you look at the Boglehead's investing and also retirement guides, available at Amazon or at your public library. There is also a new 3-fund portfolio book by Taylor who has a long thread here. You might like government I-Bonds to help keep up with inflation but n...
by BL
Tue Aug 14, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 599

Re: Risk Averse Widow - Investing Life Insurance Proceeds

I am attempting to help my mother in law. She is recently widowed, has an extremely low risk tolerance (ie: a 5% decline would cause her to lose sleep and want to pull out all of her investments). She also wants all of this to be extremely simple and easy for her to understand. She has $250,000 in ...
by BL
Mon Aug 13, 2018 10:39 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 111
Views: 7052

Re: [New Vanguard website layout starting Saturday, August 11]

Ours was back to the old way this evening. Even the print icon was there. (Old mutual fund accounts, not brokerage.)
by BL
Mon Aug 13, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Funding 403(b) as Wife Starts Full-time Teaching Career
Replies: 8
Views: 561

Re: Funding 403(b) as Wife Starts Full-time Teaching Career

You have some great funds available in the 403b, especially the Vanguard funds. Either a Target date fund of desired Bond %, or a few low-ER funds would work fine. You will want to look at the entire investments in all accounts as one portfolio. You could get a Target Date INDEX fund at Fidelity, or...
by BL
Sun Aug 12, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5252

Re: Newly retired - need to make a big change

You might want to read this little book on taking SS: Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less Paperback – February 20, 2017 by Mike Piper (Watch out for older version from before tax changes.) I believe the default S...
by BL
Sat Aug 11, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Just starting out, need some feedback
Replies: 12
Views: 933

Re: Just starting out, need some feedback

I would definitely use the windfall to be sure to max everything. If your 403b has a Roth option, it might be worth considering using Roth there too, and using windfall to pay the extra tax, since this may be the lowest income you will have in your working years. You have until next April to contrib...
by BL
Sat Aug 11, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 5012

Re: Old dog needs to learn to manage his investments

Seems like you have received good advice here. Suggest you have your list of funds when you call Vanguard to move the accounts. They would recognize which might not easily transfer and which have to be cashed in before moving. Not sure how preferred and some other fixed income will transfer. Also ag...
by BL
Sat Aug 11, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3058

Re: Financial Advidor Mandatory?

I am 40, wife is 35. $535K Net Worth. $125K Gross Income. Zero Debt. Saving near 18% in a mix of 401K's and Roth IRA's. no children currently. Do we need a financial advisor? (Two absolutely terrible experiences with financial advisors in the past who tried to sell us insurance we don't need) We ha...
by BL
Sat Aug 11, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 111
Views: 7052

Re: [New Vanguard website layout starting Saturday, August 11]

Rats! More download friendly, less printer friendly. I could get the info printed on 2 sheets, (or 1 sheet for vital info,) now it takes up 3 with less information and more white space!

You can look at distributions easily with choices of ytd, quarters, etc. That seemed different.
by BL
Sat Aug 11, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3058

Re: Financial Advidor Mandatory?

Here is a quick free way to help you figure this out: https://www.etf.com/docs/IfYouCan.pdf It is 16 pages written by a recommended author, Dr William Bernstein, who sometimes posts here. Note what he says about advisors in Hurdle #5. You can get (free) advice here if you post in recommended format,...
by BL
Sat Aug 11, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11718

Re: Joint Ownership of home with second wife

As for appearing married without actually being married, my husband and I got married (really) 36 years ago in a judge's office, with one witness. I swear not once since then have I had to prove I'm married. We don't have the same last names. We have two kids. We have owned several houses together....
by BL
Fri Aug 10, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5252

Re: Newly retired - need to make a big change

When you say 30% US, 20% international, 50% fixed income, do you realize that in Boglehead-speak, 20% International is 20% of 50% equities, or 40% International. Since the usual advice is 20-40% (sometimes 50) international, you are certainly within the guidelines but may be higher than you thought....
by BL
Fri Aug 10, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Buying Individuals Stocks In A Roth IRA?
Replies: 13
Views: 1874

Re: Buying Individuals Stocks In A Roth IRA?

I believe any new V investor gets a brokerage account where you can buy any type of stock, fund, or ETF. Just a comment as you shouldn't have a problem doing this. I have the old-fashioned mutual fund accounts, so would have to adjust a bit if I wanted to broaden my investments. It would not be a ma...
by BL
Thu Aug 09, 2018 12:23 am
Forum: Investing - Theory, News & General
Topic: VBIAX- balanced fund 60/40.
Replies: 15
Views: 1721

Re: VBIAX- balanced fund 60/40.

The answers you are getting deal with the "best" choice vs. an "ok" choice. Having taxable bonds (such as in a Balanced fund or individually) means you will be taxed on the dividends each year at your tax rate, 24%. Contrast that with Total Stock Market, where you probably would have 0% Capital Gain...
by BL
Wed Aug 08, 2018 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice Sought
Replies: 11
Views: 904

Re: Investment Advice Sought

The simplest would be to also have V Target Date fund in Roth IRA at Vanguard. I believe bond % is about 10% so it is definitely aggressive. Choosing a much nearer date could get you more bonds. I don't know anything about balanced funds at Schwab, but the 3 funds suggested above would be reasonable...
by BL
Wed Aug 08, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Help with rollover into IRA and future retirement plans
Replies: 47
Views: 2559

Re: Help with rollover into IRA and future retirement plans

I just wanted to comment that I don't understand contributing to a Roth 401k vs. traditional tax-deductible 401k when you are not contributing the maximum possible. It will lower your tax so you will have more money to contribute now instead of paying more tax now. I agree that it might be a good ch...
by BL
Tue Aug 07, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Relaxing - quieting the mind
Replies: 47
Views: 2913

Re: Relaxing - quieting the mind

Sudoku.
by BL
Mon Aug 06, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Questions about dividend tax.
Replies: 6
Views: 562

Re: Questions about dividend tax.

Hi there, I know that the 0 dividend tax applies for up to around 38000 dollars a year of income, then it's 15 percent for up to around 420,000 a year right? So say, my earned income is 30000 dollars a year, but I receive 100,000 a year in dividends, does that mean that I pay no capital gain tax on...
by BL
Sun Aug 05, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Death of Grandfather - creating to do list for Grandmther
Replies: 23
Views: 1700

Re: Help! Death of Grandfather - creating to do list for Grandmther

This can be overwhelming for anyone no matter how "with it" she is. Tackle the urgent items and leave less essential things for later. Major decisions should be delayed up to a year if possible. Get a number of death certificates. You may get some back after they copy them if you ask. Hopefully she ...
by BL
Sun Aug 05, 2018 1:12 am
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 824

Re: Premium Financed Indexed Life Insurance Policies

You can bet the agent would be tickled pink to get that commission! Does someone depend on you for support for life? After your children are grown, you have retirement savings to cover you and your spouse, if any, do you still need insurance? Back in the days of low estate numbers, there was estate ...
by BL
Sat Aug 04, 2018 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Account Consolidation and Adjustment
Replies: 13
Views: 1054

Re: Retirement Account Consolidation and Adjustment

Fidelity Contrafund K (FCNKX) (0.65%) MFS Value R6 (MEIKX) (0.49%) Schwab S&P 500 Index (SWPPX) (0.03) American Beacon Small Cp Val Inst (AVFIX) (0.83%) Carillon Eagle Small Cap Growth R6 (HSRUX) (0.66%) Fidelity Mid Cap Index Institutional (FSTPX) (0.04%) TIAA-CREF Small-Cap Blend Idx Inst (TISBX)...
by BL
Sat Aug 04, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help with Mom’s Retirement Income
Replies: 34
Views: 3660

Re: Need Help with Mom’s Retirement Income

A SPIA seems like the best option for someone who isn't interested in modifying their lifestyle to meet a reasonable drawdown rate. It will continue to pay regardless of what the market does. It might make sense to wait until next year for a SPIA. If taxable, perhaps not sell more this year (or may...
by BL
Sat Aug 04, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Variable Universal Life Policy
Replies: 5
Views: 464

Re: Question on Variable Universal Life Policy

Find out the surrender value. He is not going to get out more than the insurance amount, unless this is a very strange policy. Also, the surrender value may be decreasing as the cost of insurance increases. Perhaps his children would take on the premiums if they want the money. Not sure if it is a g...
by BL
Sat Aug 04, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: What to do with too much cash?
Replies: 24
Views: 2700

Re: What to do with too much cash?

I am not so sure you would dump everything in at a 20% drop. Wouldn't you be afraid it would soon drop 20% more? It can be really scary. I don't know what you have because I consider "ticker letters" a foreign language. However, just start with something. Maybe $10,000 as that would buy a Vanguard a...
by BL
Fri Aug 03, 2018 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6114

Re: Financial Planner is going to buy funds for me. What should I find out first before letting him?

1. Are there any front loads or other loads with the funds he recommends? 2. What is the range of ERs with those funds? Do they include 12b-1 kickbacks to him or his organization? 3. How many funds will be recommended? 4. What will be the AA (asset allocation) of his recommendation? 5. Please print ...
by BL
Fri Aug 03, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my Parents RMD and my potential future inheritance
Replies: 13
Views: 904

Re: Help with my Parents RMD and my potential future inheritance

Suggest they get something like an "in-force illustration" from the insurance companies to find out guaranteed values and current surrender amount for each. Not clear if they are currently getting a regular amount or withdrawing something from one or both. They should at least consider delaying the ...
by BL
Fri Aug 03, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Which is better for me: roth contributions or tax gain harvesting?
Replies: 22
Views: 1077

Re: Which is better for me: roth contributions or tax gain harvesting?

I suggest you wait with Roth IRA until early next year when you have W-2 in hand. Then you should know exactly what you can contribute (Box 1 up to 5500) to the Roth (by April 2019) without going over. Estimating is especially important for the rest that you can only do during this calendar year. I ...
by BL
Wed Aug 01, 2018 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6114

Re: Nervous about not using a personal wealth manager. How do I do this myself?

See Taylor's quotes from many sources in the Wiki for a quick, broad overlook of many sources. maxsamson: This is the link: https://www.bogleheads.org/forum/viewtopic.php?t=156576 Best wishes Taylor Thanks for the link, Taylor. There is a wealth of knowledge in those quotes. Somewhere there is a qu...
by BL
Wed Aug 01, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: First smartphone:What to buy and what prepaid plan to sign on?
Replies: 27
Views: 2158

Re: First smartphone:What to buy and what prepaid plan to sign on?

I think you should get a smart phone before your child. Just pass on the one you have to her. Maybe get an unlocked one that you can use with your current provider.
by BL
Wed Aug 01, 2018 7:46 am
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6114

Re: Nervous about not using a personal wealth manager. How do I do this myself?

Agree that Roth IRA is the best you can get, but some advisors (and tax people) don't seem to know about the backdoor Roth (search our Wiki) as a way for higher-income folks without non-Roth IRAs to keep investing. IRS form 8606 is needed to report contributions here. If you have high-deductible hea...
by BL
Tue Jul 31, 2018 10:37 pm
Forum: Personal Consumer Issues
Topic: First smartphone:What to buy and what prepaid plan to sign on?
Replies: 27
Views: 2158

Re: First smartphone:What to buy and what prepaid plan to sign on?

I used a Tracfone ZTE smart phone ($30) last year with no problems. That might work for a kid just fine. Now I have a Moto G to get a bigger screen for old eyes.
by BL
Tue Jul 31, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: 1.9 M windfall. My plan; input requested
Replies: 30
Views: 4572

Re: 1.9 M windfall. My plan; input requested

Reconsider helping your kids through college! Of course, there are lots of factors... +1 Also with cars, if you like what you are driving, consider buying the cars as they come off lease. If not, look for a cheaper new or used car. Any show of wealth will attract insurance, financial, and other fol...
by BL
Tue Jul 31, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Need Help with Mom’s Retirement Income
Replies: 34
Views: 3660

Re: Need Help with Mom’s Retirement Income

She may have a need for risk, the desire for risk, but she does not have the ability to take a lot of risk (if market crashes, she is in big trouble with a high % of equities.) Someone else should weigh in on this, but I am thinking that it might make sense to roll over an amount to an IndividualRet...
by BL
Mon Jul 30, 2018 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds expense ratios held in IRA through Mass Mutual
Replies: 6
Views: 502

Re: American Funds expense ratios held in IRA through Mass Mutual

If he decides he wants an advisor, Vanguard's PAS is a low-cost alternative that puts you into very low-ER funds. Cost is 0.3%/year and funds would cost ~0.05-0.2% ER. They could be dropped after a year or so and leave you with a decent low-cost portfolio.
by BL
Mon Jul 30, 2018 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: TSP G Fund vs Bond Fund AGG or BND
Replies: 7
Views: 570

Re: TSP G Fund vs Bond Fund AGG or BND

In retirement having a guaranteed fund that never loses principal sounds great! Having Total Bond Market recently meant losing value even with dividends reinvested, which is not fun. That might be ok in accumulation years, but not great in retirement.
by BL
Mon Jul 30, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to redo portfolio - Thoughts?!
Replies: 12
Views: 842

Re: Looking to redo portfolio - Thoughts?!

Ok, you have gotten some hints on possible increased tax-advantaged savings; it is up to you to gather the facts for your particular case. It all depends on your employer who has to work within federal guidelines. The normal 18.5k 401k contribution sometimes has limitations for HCE, IIRC, so normall...
by BL
Mon Jul 30, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Pay Down Question
Replies: 37
Views: 1999

Re: Credit Card Pay Down Question

Absolutely don't use the credit card while it has debt. Anything you buy would have that interest rate! Maybe freeze it in an ice cube tray in water.
by BL
Mon Jul 30, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds expense ratios held in IRA through Mass Mutual
Replies: 6
Views: 502

Re: American Funds expense ratios held in IRA through Mass Mutual

I went to Morningstar to see what expense is listed for first fund: Initial 5.75% Deferred — Redemption — Total Cost Projections BLPAX Per 10K 3 Years 801 5 Years 968 10 Years 1,452 Other Fees/Expenses BLPAX Net Expense Ratio: Annual Report 10/31/2017 0.35% Net Expense Ratio: Prospectus 07/01/2018 0...
by BL
Mon Jul 30, 2018 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Building a portfolio from scratch, starting with 100k
Replies: 15
Views: 1192

Re: Building a portfolio from scratch, starting with 100k

No idea of what the "private deals" you refer to are, but I would suggest caution here since your job and your "deals" could be at risk at the same time, much the same as owning stock in the company you are working for. Also "private deals" may not be covered by SEC at all, so you have absolutely no...
by BL
Mon Jul 30, 2018 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning: Single, no kids, good saver - why shouldn't I do primarily Roth 401(k) contributions?
Replies: 11
Views: 1049

Re: Retirement Planning: Single, no kids, good saver - why shouldn't I do primarily Roth 401(k) contributions?

No one says you can't pay extra on your 30-year mortgage. But it would be nice not to have to increase your income in early retirement just to pay the higher amount of a 15-year mortgage. So it seems it would give you options that you wouldn't have if you were required to pay more. Delaying SS is a ...
by BL
Sun Jul 29, 2018 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my mother-in law with investments
Replies: 8
Views: 1118

Re: Helping my mother-in law with investments

You are not in a good position to advise as you are not (yet) even part of the family. I suggest you go as simple as possible to accomplish this. She probably could buy CDs that yield over 2% and are guaranteed not to lose principal, unlike stocks and bonds. That would require watching for maturing ...
by BL
Sun Jul 29, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Pay Off...best method?
Replies: 23
Views: 2859

Re: Mortgage Pay Off...best method?

It sounds like you have almost no retirement accounts. You might be able to set one up for your job: perhaps check this Vanguard page for a comparison of various possibilities (not necessarily pushing V as others may be even better, just happen to be familiar with this page): https://investor.vangua...
by BL
Sun Jul 29, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 2904

Re: Life Insurance for son and daughter-in-law

As an adult child who had lost a spouse, I certainly would not want to depend on a parent or parent-in-law to dole out money as they believed necessary for my life and my children's life. No responsible adult wants to revert to dependency again if at all possible. Having a back-up is great, but not ...
by BL
Sun Jul 29, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for son and daughter-in-law
Replies: 58
Views: 2904

Re: Life Insurance for son and daughter-in-law

Use an independent agent and/or check term4sale.com to get an idea of cost. Agree that something outside of work is good, and both spouses should have coverage. You shouldn't need any after kids finish college; perhaps spouse won't need it that long. Some buy 2 policies: through high school, through...
by BL
Sun Jul 29, 2018 8:03 am
Forum: Investing - Theory, News & General
Topic: Adjusting portfolio due to illness
Replies: 4
Views: 496

Re: Adjusting portfolio due to illness

It sounds reasonable. To go even further, I would even consider some Prime Money Market or one of the other MMs at Vanguard. At about 2% current yield, they are doing quite well and not falling in NAV like Total Bond (and even short-term bond) has for a while now. In your books, maybe compare with a...
by BL
Sat Jul 28, 2018 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: advice on contributing to IRA and backdoor Roth
Replies: 17
Views: 1321

Re: advice on contributing to IRA and backdoor Roth

Yes, run through the 8606 now, so you know what is involved.
by BL
Fri Jul 27, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Help With Beneficiaries: Single, No Children, Two Siblings
Replies: 12
Views: 1256

Re: Help With Beneficiaries: Single, No Children, Two Siblings

Start with Googling: intestate (your state) to get a general idea of who would inherit your estate if you have no will. I would suggest getting a will done: find a lawyer, perhaps your work benefits even have one. If not, I found my state has a will online which might work for you. The Nolo books, l...
by BL
Thu Jul 26, 2018 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Reset Financials Need to Be Done?
Replies: 23
Views: 2014

Re: Reset Financials Need to Be Done?

You are planning to be House-poor, with a huge added expense of private school coming up! And this is only the costs you know about! Maybe if you move to a LCOL you could achieve a similar size house in a good school neighborhood, but I don't see how it would work with this situation.
by BL
Thu Jul 26, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: Income Limit for Roth IRA contributions
Replies: 13
Views: 1462

Re: Income Limit for Roth IRA contributions

Yes, if you are worried about passing Roth income limits, be sure to max your traditional 401k contributions, 18,500 before age 50.

There may be at least one low-ER fund such as S&P 500, Vanguard fund, or other index fund that can be coordinated with Roth IRA, etc. to achieve your AA.