Search found 6404 matches

by BL
Sat Mar 25, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: DOL fiduciary rule : April 10th, so far
Replies: 4
Views: 320

Re: DOL fiduciary rule : April 10th, so far

I believe the costs must be made more visible. I don't know that they will necessarily be cheaper for some: AUM vs. commissions and 12b-1 kickbacks. Whether the law remains or not, I believe it has caused a number of people to look at the costs they are paying to the advisor. You can't close that do...
by BL
Sat Mar 25, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Making sure i understand income taxes after retirement
Replies: 13
Views: 2439

Re: Making sure i understand income taxes after retirement

If you are thinking of buying an annuity, do you realize that delaying SS is the very best deal for buying a larger COLA-enhanced annuity (SS)? If delayed up until age 70 it increases up to 8% each year you delay, not compounded, AFAIK. Also it buys longevity insurance for whichever of you or spouse...
by BL
Sat Mar 25, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor suggested this - Good idea?
Replies: 35
Views: 1835

Re: Advisor suggested this - Good idea?

It sounds like you might have gained from talking to the advisor, and that he/she is not so bad. You asked for ways to earn something, and I think he came up with a reasonable compromise. You won't earn much while keeping it perfectly safe. He did after all suggest an index fund, and that may have b...
by BL
Fri Mar 24, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise/RiverSource inherited annuity 1035 help/questions....
Replies: 11
Views: 507

Re: Ameriprise/RiverSource inherited annuity 1035 help/questions....

It definitely makes sense to take out enough to maximize both 401ks and Roth IRAs each year. Are you talking about a lot left over after 5 years of maximizing this? You could even save up some for another 5 years? Otherwise, have Vanguard handle the 1035 transfer if taxes would be too great. They wo...
by BL
Fri Mar 24, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my father's windfall
Replies: 25
Views: 2460

Re: Help with my father's windfall

You mentioned that your mom earned more than your dad. He will probably want to take SS survivor benefits at his full retirement age (66+) because my understanding is that the SS survivor benefit does not increase after his full retirement age (66+) so there is no advantage to wait after full retir...
by BL
Fri Mar 24, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Admiral in both taxable and IRA?
Replies: 22
Views: 1577

Re: Total Stock Market Admiral in both taxable and IRA?

Tax loss harvesting can only happen in taxable accounts, so no problem selling in Roth IRA. If you sell at a loss in taxable, TLH, you can claim a loss if you have not also purchased that stock, either in taxable or in IRAs, within 30 days before or after your sale. It is not illegal to do so, you ...
by BL
Fri Mar 24, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidate mutual funds from Ameriprise to Vanguard Index Funds?
Replies: 4
Views: 232

Re: Liquidate mutual funds from Ameriprise to Vanguard Index Funds?

You want to dump those funds. MSFRX has already been paid the 5.75% front end load and is still sharing 0.25% 12b-1 kickback out of the ER to Ameriprise. MCLOX hasn't collected any front end load but will collect 1% if sold within a year of purchase. It is also collecting 1.0% 12b-1 kickback out of ...
by BL
Fri Mar 24, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Admiral in both taxable and IRA?
Replies: 22
Views: 1577

Re: Total Stock Market Admiral in both taxable and IRA?

Tax loss harvesting can only happen in taxable accounts, so no problem selling in Roth IRA. If you sell at a loss in taxable, TLH, you can claim a loss if you have not also purchased that stock, either in taxable or in IRAs, within 30 days before or after your sale. It is not illegal to do so, you j...
by BL
Thu Mar 23, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Northern Lights cruise, Norway, March 2018
Replies: 17
Views: 1348

Re: Northern Lights cruise, Norway, March 2018

That sounds like my next dream trip! But there is so much to see in Norway, I hope you are looking forward to that as much as the Northern Lights, which can be spectacular. (If just the NL, Alaska, Canada, and even Northern USA have spectacular NL as well.) Have only been in Norway between May and S...
by BL
Thu Mar 23, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Advice investing in index funds
Replies: 9
Views: 772

Re: Advice investing in index funds

Do you have access to a 401k? Use tax-advantaged accounts before taxable for retirement investing. Do you have an HSA available? In terms of risk, I would say I have trouble knowing how to properly rebalance my portfolio. I'm 26, my Ira is set to aggressive. Be sure you are using low-ER index funds,...
by BL
Wed Mar 22, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: 29, new investors, help with long term plan
Replies: 14
Views: 1238

Re: 29, new investors, help with long term plan

If your 401k will accept rollovers, perhaps you could roll your IRA there, then you could do the backdoor Roth.
by BL
Tue Mar 21, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: 29, new investors, help with long term plan
Replies: 14
Views: 1238

Re: 29, new investors, help with long term plan

Pay off student loans, one at a time. Either tackle highest interest, or smallest one to get more cash flow and sense of satisfaction. You have a great Target fund choice in 401k. Pay allowed amount, put tax savings toward SLs. This is a great choice in any retirement account. (S&P 500 is also f...
by BL
Mon Mar 20, 2017 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Need direction on managing portfolio
Replies: 19
Views: 1345

Re: Need direction on managing portfolio

Here are the suggested 3-fund portfolio from fidelity. In 401k, you will have to work with what you have available (from Wiki page: https://www.bogleheads.org/wiki/Three-fund_portfolio ) Fidelity With Fidelity, for example, you could construct a three-fund portfolio using: [note 3] Fidelity Total Ma...
by BL
Mon Mar 20, 2017 7:02 am
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1561

Re: How much cash to withdraw when retiring

Edit: forgot a couple of things. 1. They live in a state without income tax so itemized deduction is not the way to go; and 2. they would be withdrawing from their 401(k), which is where most of the bonds/income funds are stored. Their taxable accounts holds mostly equity. Edit 2: It has been point...
by BL
Sun Mar 19, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: First Home and Another Investment Property
Replies: 11
Views: 535

Re: First Home and Another Investment Property

What are the interest rates for your student loans?
by BL
Sat Mar 18, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on an inheritance.
Replies: 15
Views: 1267

Re: Need advice on an inheritance.

I suggest you change the title to something like: inherited annuity 5-year deferral tax question, or something like that so those interested and knowledgeable about these things might spot it. It might be worth calling the Vanguard annuity folks to see if there are any choices for a 1035 exchange be...
by BL
Sat Mar 18, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: who should i choose to help me??
Replies: 52
Views: 4579

Re: who should i choose to help me??

I will try to answer. It is good to have one account have everything to make it easier to rebalance.(Simple IRA.) It is better not to have bonds in taxable. Some prefer fewer bonds in never-taxed Roth. Figure out total dollars in all funds. Ex.: 100k total: 50% total stock = 50,000 30% total int. = ...
by BL
Fri Mar 17, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Wife's IRA
Replies: 7
Views: 339

Re: Investing Wife's IRA

Maybe off topic but as a father of an older daughter.....Your wife should manage her IRA in my opinion. You could die or leaver her. Or she could leave you. In any case it's her money. I'd be annoyed if my daughter told me this. Let her see this thread....Good luck +1 Let her choose something that ...
by BL
Fri Mar 17, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Funds for taxable account
Replies: 11
Views: 932

Re: Funds for taxable account

So ,If I hold TSM in my Roth, wife own it in her 401k, and I hold it in my taxable. If i sell in my taxable its a wash sale and not eligible for TLH? I did not know this. I already own the 500 index fund in my Simple so i cant move funds there either. It will turn into a wash sale as soon as you au...
by BL
Fri Mar 17, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping money liquid or investing?
Replies: 20
Views: 2001

Re: Keeping money liquid or investing?

You can get an idea of costs for term insurance here: https://www.term4sale.com/ Then maybe see an INDEPENDENT insurance salesperson to shop out the best good insurance company for term insurance, but don't listen to any permanent insurance talk. Here is a good booklet for beginner investors: https:...
by BL
Fri Mar 17, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: Help with rebuttal to a Facebook post
Replies: 36
Views: 3799

Re: Help with rebuttal to a Facebook post

Just unfriend him and go on with your life. You won't convince him by any argument.
by BL
Fri Mar 17, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio vs. all-in-one fund
Replies: 27
Views: 2605

Re: 3 fund portfolio vs. all-in-one fund

It looks like you have several good options. I don't think anyone has mentioned the Vanguard Tax-Managed Balanced Fund, about 50/50 stock/bond, for taxable. If you could work with that ratio, then you could stick with balanced/target funds. I think Total Stock Market and/or total international is th...
by BL
Fri Mar 17, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Guidance on Portfolio setup - New to Investing
Replies: 6
Views: 370

Re: Guidance on Portfolio setup - New to Investing

It looks like you are on the way to a good place. Target date funds are a great way to get going until you have lots more to spread into its components. Choose the date based on the % bonds you want, a near date may be closer to what you prefer. When you have at least 3k in Roth, you could change to...
by BL
Wed Mar 15, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: $160k from Edward Jones, where to put it? Help please with 2 retirement accounts.
Replies: 8
Views: 666

Re: $160k from Edward Jones, where to put it? Help please with 2 retirement accounts.

The three-fund portfolio, see Wiki, a thread here, and the booklet I linked to earlier, are all you need for a low-ER, simple, diversified portfolio. I would not suggest a special interest sector such as health care, etc. but rather a total stock market (or at least the S&P500), perhaps a total ...
by BL
Wed Mar 15, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRA RMDS
Replies: 8
Views: 533

Re: IRA RMDS

You can take it all from just one of your IRAs.
by BL
Wed Mar 15, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: What to do with $100???
Replies: 78
Views: 4818

Re: What to do with $100???

I can think of so many things to do with a $100, I am amazed someone would have a hard time. Take my wife to a movie, dinner, musical, play or concert. Go to the half price books store and go crazy. Invest in my hobby. For me it's bicycling, but I'm sure most people have golf, tennis, or something ...
by BL
Wed Mar 15, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: Fiduciary Checklist questions
Replies: 4
Views: 404

Re: Fiduciary Checklist questions

Good Morning All; I'm in the process of dumping Ed Jones and going with a fiduciary. Here in no mans land there are only a couple, and their one man outfits. To be honest, I'm unsure how to vet them. I've got two immediate concerns: Making sure that my money...and advisor doesn't run off to parts u...
by BL
Wed Mar 15, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Convincing Someone To Dump A Bad Financial Advisor
Replies: 39
Views: 3128

Re: Convincing Someone To Dump A Bad Financial Advisor

I wish someone had been able to convince us earlier. We'll be okay but we'd be able to reach some other goals if we'd left our advisor earlier. Maybe an outside perspective or info might help. What did it for us was watching a special, can't recall the name but it's free online, maybe someone else ...
by BL
Wed Mar 15, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio Question
Replies: 5
Views: 469

Re: 3 Fund Portfolio Question

I would not be inclined to exchange wellington for a 3-fund if it means paying substantial capital gains. If you'd like to minimize the tax drag you could divert dividends into your money market account and re-invest those proceeds in the portfolio that you begin alongside the Wellington fund. What...
by BL
Wed Mar 15, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: $160k from Edward Jones, where to put it? Help please with 2 retirement accounts.
Replies: 8
Views: 666

Re: $160k from Edward Jones, where to put it? Help please with 2 retirement accounts.

Yes, there is a lot of good reading here in the Wiki. Here is a good pdf to get started learning: https://www.etf.com/docs/IfYouCan.pdf Transferring the funds directly to another brokerage does not generate taxes, even if it is a taxable account. Selling funds in a taxable account is a taxable occas...
by BL
Wed Mar 15, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: First I Bond Purchase on Treasury Direct
Replies: 6
Views: 608

Re: First I Bond Purchase on Treasury Direct

I don't think they use serial numbers as the only important thing is the month and year it was purchased. You can cash in parts of it (maybe $25 minimum?) any time after a year.
by BL
Wed Mar 15, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: What to do with $100???
Replies: 78
Views: 4818

Re: What to do with $100???

Give it charity. If $100 is going to cause you so much anxiety that you have to ask the internet how to spend it, just get rid of it. JT +1 How about paying for the person in line before or after you at a store or drive-in? I like the tip idea! Maybe two shares of: Vg Tl Int Stk IxETF NASDAQ: VXUS ...
by BL
Wed Mar 15, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Amend Return - MFJ to MFS
Replies: 37
Views: 1459

Re: Amend Return - MFJ to MFS

More fundamentally, I can't figure out why MFS would benefit you to begin with. The most common cited reason why MFS is a benefit is that one spouse has large medical deductions or miscellaneous itemized deductions or casualty losses (relative to that spouse's AGI) which they could itemize on a sep...
by BL
Wed Mar 15, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 9523

Re: $464.12 dinner bill last night. No regrets.

Thank you for the success story and for not forgetting the help you had along the way. It was great to show your appreciation and also to let them know they are off the hook on those co-signed loans they have been at risk for all these years. Well worth the dinner bill!
by BL
Tue Mar 14, 2017 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Move my Traditional IRA from Ameriprise to where?
Replies: 8
Views: 699

Re: Move my Traditional IRA from Ameriprise to where?

---- Can I also add tax paid money to my traditional IRA in addition to the maximum contribution? Not quite sure what you are asking, but the maximum IRA contribution for each person is 5500/yr (6500 if age 50+) and you have until April of the following year to complete the contribution. You have a...
by BL
Tue Mar 14, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA rmd from different IRA
Replies: 3
Views: 422

Re: Inherited IRA rmd from different IRA

AFAIK, no. They are different. If you eventually have several IRAs in your name, then you could choose one of them to do the RMD for those several. It doesn't matter where they are located if they are the same type and name.
by BL
Tue Mar 14, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Looking for direction...two years later
Replies: 18
Views: 1794

Re: Looking for direction...two years later

Set up 401k to put in $18k. This will also reduce current taxes and lower AGI. What funds do you have available in 401k? List name, ticker, Expense Ratio (ER). Index funds and Vanguard funds often have low ERs. It will lower your AGI that amount which should keep it under $118k for a while so you ca...
by BL
Tue Mar 14, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Move my Traditional IRA from Ameriprise to where?
Replies: 8
Views: 699

Re: Move my Traditional IRA from Ameriprise to where?

You are fortunate to get wise so quickly. There are lots of things to read in the Wiki here. See Getting Started and Three-fund portfolio. Here is a quick start booklet just packed with good information: https://www.etf.com/docs/IfYouCan.pdf Agree that Vanguard, Fidelity, or some others have good lo...
by BL
Mon Mar 13, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to tackle fiancee's student loan debt
Replies: 33
Views: 2498

Re: How to tackle fiancee's student loan debt

I tend to agree not to take over her loans or tuition until married, for some of the reasons above. Keep investing all you can to fill all tax-advantaged space: 401k, Roth, HSA, etc. and get a healthy emergency fund and save for any other foreseen expenses. She should plan to find ways to reduce rat...
by BL
Mon Mar 13, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Mitigating taxes on inherited IRA's and Annuities...
Replies: 14
Views: 885

Re: Mitigating taxes on inherited IRA's and Annuities...

Some folks with 403b also have 457 available so be sure to check that out. Schools commonly have that available.
by BL
Mon Mar 13, 2017 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Prior-Year Contributions
Replies: 5
Views: 255

Re: Roth IRA Prior-Year Contributions

I finished 2016 with $5000 contributed for the year to my Roth IRA, leaving me $500 of possible contributions. I used my first few contributions of 2017 to fill in that last $500 with prior-year contributions. This seemed like a no-brainer at the time. The same amount of money goes in, but if I hav...
by BL
Sun Mar 12, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Adjusting 2016 Tax Return For Retirement Contribution?
Replies: 4
Views: 262

Re: Adjusting 2016 Tax Return For Retirement Contribution?

I'm sure this has been asked many times before, but I don't know where to start looking. Here is a quick rundown of our 2016 tax year. I've already submitted using TurboTax and received our returns (both Federal and State): MFJ in Connecticut Gross Income ~ $38K No retirement contributions Her empl...
by BL
Sun Mar 12, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Trying To Do This Myself
Replies: 22
Views: 2227

Re: Trying To Do This Myself

You will probably have to pay $50-100 to close a Roth account, but will regain that soon enough at a brokerage like V or F with low-ERs (0.04-0.10% ER). So you will have a simple, low-cost, diversified account. Keep it simple by having just one Roth each.
by BL
Sun Mar 12, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: How frequently is it okay to check in with an investment advisor?
Replies: 22
Views: 1356

Re: How frequently is it okay to check in with an investment advisor?

No one cares about your money like you do, so do some reading and choose something simple, diversified, and low-cost (low-Expense Ratio). Your idea will likely mean transferring a lot of money over time for no advantage. Do some reading here in the Wiki and suggested books, videos. Here is a great l...
by BL
Sun Mar 12, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: About to retire and need to realize 5%/year to live on.
Replies: 71
Views: 7021

Re: About to retire and need to realize 5%/year to live on.

Here's the cononudrum using advisors. If you need 5% and they charge .5%, that is 10 percent of potential return. Not bad, but if market returns are adverse and portfolio earns 2%, now advisor takes 25% of returns, not sustainable. Any fee above .5%, puts you in an even worse position. As much as y...
by BL
Sat Mar 11, 2017 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep spouse informed of family finances?
Replies: 36
Views: 4423

Re: How do you keep spouse informed of family finances?

I have added to the Balance and holding page in the Other category, a quick recap of other investments and cash: Cash and CD with banks named, real estate, I-bonds, other funds. This gives a quick picture of our net worth which we have shown to our kids to let them know we will be fine. It is nothin...
by BL
Sat Mar 11, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 792

Re: New to investment and need help! Thank you!

Here is an interesting current thread regarding Thomas and also Schwab's INDEX target funds: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=213402&newpost=3276443 We might say Target date funds are not so tax-efficient, because they have bonds, but in comparing it to Thomas and other c...
by BL
Sat Mar 11, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 792

Re: New to investment and need help! Thank you!

Name/ Ticker / ER / % in this portfolio Vanguard Inflation Protected Secs Adm (VAIPX)-- 0.1% -- 30% Vanguard Institutional Index I (VINIX) -- 0.4% -- 40% Vanguard Mid cap Index Adm (VIMAX) -- 0.08% -- 5% Vanguard Small cap Index Adm (VSMAX), -- 0.08% -- 5% American Funds EuroPacific Gr R5 (RERFX) -...
by BL
Sat Mar 11, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs. Schwab vs. T. Rowe Price vs. Fidelity
Replies: 24
Views: 2162

Re: Vanguard vs. Schwab vs. T. Rowe Price vs. Fidelity

I am pulling my hair out. I was considered highly compensated employee, therefore I can't contribute to my 401K at all. The Schwab CFP strongly pushed me to go with Thomas Partners with 0.9% fee. I myself is a CPA and I know numbers. I talked with him many times and he insisted Thomas Partners is t...
by BL
Sat Mar 11, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 792

Re: New to investment and need help! Thank you!

Name/ Ticker / ER / % in this portfolio Vanguard Inflation Protected Secs Adm (VAIPX)-- 0.1% -- 30% Vanguard Institutional Index I (VINIX) -- 0.4% -- 40% Vanguard Mid cap Index Adm (VIMAX) -- 0.08% -- 5% Vanguard Small cap Index Adm (VSMAX), -- 0.08% -- 5% American Funds EuroPacific Gr R5 (RERFX) -...

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