Search found 7117 matches

by BL
Mon Aug 21, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should my grandfather liquidate?
Replies: 17
Views: 485

Re: Should my grandfather liquidate?

If he has any traditional IRAs or 401k type of retirement accounts, tax will have to be paid whenever money is withdrawn by either him or his heirs.

In taxable accounts, the funds will have a stepped up basis, so no CGs except for earnings since date of death.
by BL
Mon Aug 21, 2017 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: My girlfriend and her 401K, need to give her advice
Replies: 48
Views: 3168

Re: My girlfriend and her 401K, need to give her advice

I would only suggest Target Date fund if available. That would be choosing what experts, not you, decided to be appropriate. This booklet for beginners might be worth reading for both of you: https://www.etf.com/docs/IfYouCan.pdf It suggests equal parts Total Stock, Total International, and Total Bo...
by BL
Mon Aug 21, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my recently widowed mom's finances
Replies: 19
Views: 442

Re: Help with my recently widowed mom's finances

I think she needs to figure out an AA (stock/bond ratio) on amounts beyond cash needs for a couple years' expenses. Age in bonds is one rule of thumb which would be 40 stock/60 bond. However, she has fixed income to cover basic expenses after FRA so she could easily go more aggressive to possibly co...
by BL
Mon Aug 21, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my recently widowed mom's finances
Replies: 19
Views: 442

Re: Help with my recently widowed mom's finances

What exactly is the survivor's SS benefit and her SS benefit at FRA? I would choose the higher benefit at FRA and the lower benefit at the early date (age 60 or 62, depending on which it is).
by BL
Mon Aug 21, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should my grandfather liquidate?
Replies: 17
Views: 485

Re: Should my grandfather liquidate?

He could live another 15 years or so; is he in good health and sound mind? Is he in a nursing home? Has he asked for help?

There should be no rush to give away anything unless he has over 5.X million and would like to lower estate taxes. If he chooses to give away 14k/person, that is up to him.
by BL
Mon Aug 21, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Advantages of Having No Credit Score
Replies: 25
Views: 1496

Re: Advantages of Having No Credit Score

The reason we got a credit card many years ago had to do with being able to rent a car. That would still be a factor. It might be difficult to get a motel room without a credit card; I have heard that insurance and renting uses credit ratings as well. You can still pay cash or check for most bills. ...
by BL
Sun Aug 20, 2017 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: 401k/Taxable account assistance wanted
Replies: 2
Views: 277

Re: 401k/Taxable account assistance wanted

I like the Vanguard Interm-Term Treasury Adm (VFIUX) - ER of 0.10% and Vanguard 500 Index Admiral (VFIAX) - ER of 0.04% in the 401ks. You can get all the Total International you want in taxable (and use foreign tax credit) or in Roths/trad. IRAs. Your 3-fund taxable looks good. You could add an Exte...
by BL
Sun Aug 20, 2017 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Recent Residency Graduate Seeking Assistance Graduating from Lifecycle Funds
Replies: 8
Views: 725

Re: Recent Residency Graduate Seeking Assistance Graduating from Lifecycle Funds

https://www.etf.com/docs/IfYouCan.pdf
is a pdf written just for new investors. If you pick up just one gem, it will be worth it to read the free booklet.
by BL
Sun Aug 20, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: sheets for older, thinner mattresses?
Replies: 11
Views: 675

Re: sheets for older, thinner mattresses?

Maybe check thrift stores for older sheets that no longer fit the thicker mattresses? The cheaper sheets seem to skimp on fabric, so that might also be worth checking if it suits you.
by BL
Sun Aug 20, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard advisors
Replies: 5
Views: 789

Re: Vanguard advisors

If I felt I needed adviser service, I would strongly consider them as I would trust them to not advise purchases that would give an adviser commissions of some sort. I might consider just using a single balanced fund instead if I didn't have much in taxable. Without knowing your situation, it would ...
by BL
Sun Aug 20, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: best strategies for income now retired for 2 months
Replies: 3
Views: 667

Re: best strategies for income now retired for 2 months

Taxable income at top of 15% bracket for a Single filer is about 37k. Even with Deductions, exemption, + , it looks like it would be hard to get below the 25% tax bracket with your pension income.
by BL
Sun Aug 20, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging on withdrawals?
Replies: 16
Views: 1104

Re: Dollar cost averaging on withdrawals?

If you are able to easily set aside 5k/month, I would say you could risk not having furniture costs at closing time. I would look closely at taxes on selling now vs. splitting between 2017-2018 tax years. It may not make much difference, or you could hit a level where costs suddenly increase. Not su...
by BL
Sat Aug 19, 2017 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: update and a thank you
Replies: 3
Views: 902

Re: update and a thank you

Market falling means you got it at a bargain! Of course, there could be another bargain soon, who knows? Good idea to keep buying at lower prices. That means you have shares that will increase when the markets improve, which is likely to happen, but no guarantees. We put $500 into Total Stock Market...
by BL
Sat Aug 19, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help with trust / spendthrift in-law
Replies: 19
Views: 2241

Re: Help with trust / spendthrift in-law

I would search Bogleheads threads on trusts for bsteiner's comments. Here is one where he describes a trust that might protect child from spouse, etc. https://www.bogleheads.org/forum/viewtopic.php?t=190791 My thoughts are that it would be good to do this for each child rather than treat them separa...
by BL
Sat Aug 19, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: where do I put the proceeds of my house sale?
Replies: 14
Views: 1270

Re: where do I put the proceeds of my house sale?

You have had this money for 2 years, if I understand correctly. It is time to decide what you want to do with it. You will want to keep out enough to fill your Roth IRA for 1+ years. The general idea here is to keep most fixed income (bonds) in tax-advantaged (401k) and mostly stocks in taxable. You...
by BL
Sat Aug 19, 2017 10:07 am
Forum: Investing - Theory, News & General
Topic: IBonds: My worst bond investment over the last 5 years
Replies: 65
Views: 5256

Re: IBonds: My worst bond investment over the last 5 years

If it isn't quite 5 years, the results may have removed the last 3 months of interest. After 5 years, it should include all the interest since it would no longer be reduced by 3 months interest if cashed.
by BL
Sat Aug 19, 2017 7:29 am
Forum: Investing - Help with Personal Investments
Topic: 30,000 in Checking Account
Replies: 61
Views: 7771

Re: 30,000 in Checking Account

Here is a great little pdf written especially for new investors: https://www.etf.com/docs/IfYouCan.pdf There is a lot of good reading here in threads and in our Wiki, along with suggested books. An income at top of 15% tax bracket would be about $37,000 taxable income + about $10,000 (for standard d...
by BL
Sat Aug 19, 2017 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Help me evaluate SPIA purchase
Replies: 12
Views: 1051

Re: Help me evaluate SPIA purchase

The best COLAd annuity is using your funds to live on so you can delay SS up to age 70. Otherwise consider a SPIA without the inflation and keep buying part of it later to make up for inflation. Waiting until age 75 might get you a better deal.
by BL
Fri Aug 18, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know how much your portfolio lost/gain in one day?
Replies: 31
Views: 1392

Re: How do you know how much your portfolio lost/gain in one day?

In your Vanguard account go to : Balances and Holding s" there is a tab for "Balances compared to year end " and one for "Balances by Date "..You can change the date to any date you want. +1 We just go into Balances and Holdings, and under the tab, Current Balances, it shows each account fund with ...
by BL
Fri Aug 18, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Survivor Benefit or Life Insurance -teenage daughter
Replies: 24
Views: 1591

Re: Pension Survivor Benefit or Life Insurance -teenage daughter

It sounds like a fabulous inheritance gift to her: a COLAd annuity for life! If you can get by with a somewhat lowered amount, why not? If you don't depend on the income, perhaps consider the 100% also. You could still get a term life to cover her through college or so. It might depend on the trust ...
by BL
Fri Aug 18, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone roll their tIRA into the TSP?
Replies: 32
Views: 1436

Re: Anyone roll their tIRA into the TSP?

A quick check (for last year) might be to look at the W-2 and see if the Pension Plan box is checked. If it is telling the IRS that you have a Plan, then it would require some effort to convince IRS otherwise. The TSP has the lowest cost around. Have you considered a Roth TSP if you refuse to do tra...
by BL
Fri Aug 18, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: moving myself and wife to Vanguard [how?]
Replies: 9
Views: 738

Re: moving myself and wife to Vanguard [how?]

IRAs are Individual accounts and cannot be put into a joint taxable account without paying tax and penalty on the entire amounts, which I am sure you don't want to do. You would set up separate IRA accounts for each + a taxable account at Vanguard and have V pull the IRAs + taxable account from A, e...
by BL
Fri Aug 18, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for Mom's portfolio
Replies: 9
Views: 509

Re: Asset allocation for Mom's portfolio

I would look at her tax return to see how much non-qualified dividends and also qualified dividends and CGs she has from investments as well as look up the Capital Gains to sell for each investment. There may be a trade off between the two. Total Stock market, for example, gives off ~2% qualified d...
by BL
Fri Aug 18, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell and reinvest Roth IRA funds in SEP-IRA?
Replies: 7
Views: 424

Re: Should I sell and reinvest Roth IRA funds in SEP-IRA?

If your income is below the Roth limit, you can contribute to Roth (no tax deduction). Can't easily do Backdoor Roth with another IRA.
by BL
Fri Aug 18, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for Mom's portfolio
Replies: 9
Views: 509

Re: Asset allocation for Mom's portfolio

I would look at her tax return to see how much non-qualified dividends and also qualified dividends and CGs she has from investments as well as look up the Capital Gains to sell for each investment. There may be a trade off between the two. Total Stock market, for example, gives off ~2% qualified di...
by BL
Thu Aug 17, 2017 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Variable Annuities for 62 Y/O
Replies: 14
Views: 998

Re: Variable Annuities for 62 Y/O

You don't mention whether you are drawing SS or not. Delaying SS may be the one good way to buy a COLA-increasing annuity; you could live off a small amount of your 401k/IRA while postponing SS to get maybe 6-8% increases/year in SS. Whether this is a good idea may depend on whether one is in good h...
by BL
Wed Aug 16, 2017 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuities for 62 Y/O
Replies: 14
Views: 998

Re: Variable Annuities for 62 Y/O

Do not get a variable annuity under present (and projected) tax law. 40% of my net worth is imprisoned in a variable annuity so I know what I am talking about. Roll your 401k into a t-IRA with a 1035 transfer instead. And NEVER put a variable annuity within an IRA under any circumstances. Why? Any ...
by BL
Wed Aug 16, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 8936

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

If your husband has been paying in to Social Security, he may be eligible to get SS disability and should make that attempt ASAP as it takes a while. Also, child survivors and their mother if not earning too much may get substantial SS payments based on his working until age 65, even if he dies youn...
by BL
Wed Aug 16, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio for 24 year old
Replies: 17
Views: 1569

Re: Vanguard Portfolio for 24 year old

No, not as simple as a Roth IRA. If you had enough in there, maybe a loan or being fired might do it.
by BL
Wed Aug 16, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: RMDs
Replies: 4
Views: 668

Re: RMDs

Pretty hard to tell without knowing your holdings. Usually folks have some bonds in their retirement accounts. Are you saying you only have stock funds? Is it in a 457 or IRA? It probably doesn't matter a lot how you do it. Some convert RMD amount to cash early in the year (including not re-investin...
by BL
Wed Aug 16, 2017 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Victor Mcclure, Financial Advisor in the Dallas Area
Replies: 6
Views: 864

Re: Victor Mcclure, Financial Advisor in the Dallas Area

Never do your investing with an insurance agent. They will sell you expensive insurance products that give them a high commission, which you will pay for one way or another. If you try to get out within a number of years, you will be charged high surrender fees because you are the one who pays the c...
by BL
Wed Aug 16, 2017 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Taking over from financial advisor - help getting off the ground
Replies: 13
Views: 1277

Re: Taking over from financial advisor - help getting off the ground

I would seriously consider Duckie's recommended portfolio. He consistently does a good job at it.
by BL
Tue Aug 15, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Taking over from financial advisor - help getting off the ground
Replies: 13
Views: 1277

Re: Taking over from financial advisor - help getting off the ground

Hi all - I have been trying hard to educate myself and plan to take over management of our portfolio. We currently have a financial advisor managing the majority of our portfolio, for a 1.25% annual fee. Now that I have some basic knowledge and idea of how I want to manage it, I would love some hel...
by BL
Tue Aug 15, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Planning for my Wife - Introductory Post & First Question
Replies: 23
Views: 2953

Re: Planning for my Wife - Introductory Post & First Question

It might make sense to start using the HSP now, as that won't affect AGI. All those receipts might be easier for you to tackle now, if you are able or can direct someone else. It can work for Medicare Part B, for example, as well. I can't remember about other health insurance. I'm sure you meant HS...
by BL
Tue Aug 15, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio for 24 year old
Replies: 17
Views: 1569

Re: Vanguard Portfolio for 24 year old

It would be important to list the ERs (Expense Ratio) of the funds in your 401k. Nevertheless, if the Target fund is under 0.2-0.5%, I would stick with it and dump the rest. Total is a good word to look for; that includes the stocks in each stock fund. There is a lot of reading in the Wiki here, wit...
by BL
Tue Aug 15, 2017 12:22 am
Forum: Investing - Help with Personal Investments
Topic: Which Audible book for Mom to convince her to get away from Raymond James
Replies: 19
Views: 1792

Re: Which Audible book for Mom to convince her to get away from Raymond James

I did a search for Jane Bryant Quinn videos and got some videos and interviews that might be useful since her book, How to make your money last, is a great resource for retirees.
by BL
Mon Aug 14, 2017 10:29 pm
Forum: Personal Consumer Issues
Topic: ipad or tablet for hospital?
Replies: 31
Views: 2052

Re: ipad or tablet for hospital?

The more I think about it, the more I feel she would do well to keep what she is familiar with. It probably depends on her condition and also on her comfort with technologies. I am using an Ipad now, but I prefer a keyboard. It got better when I discovered Chrome so I don't have to use Safari, which...
by BL
Mon Aug 14, 2017 6:36 pm
Forum: Personal Consumer Issues
Topic: ipad or tablet for hospital?
Replies: 31
Views: 2052

Re: ipad or tablet for hospital?

Great ideas! I would also consider a small Chromebook for low cost and no viruses or uploads to deal with. Can she try some of these things ahead of time to see what works for her? It is no fun to learn complicated things in the hospital.
by BL
Mon Aug 14, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: All in stocks: Where to go now?
Replies: 24
Views: 2224

Re: All in stocks: Where to go now?

https://www.etf.com/docs/IfYouCan.pdf
is a pdf made for young investors by a recommended author.
The 3 funds are the total markets and 1/3 to each helps until you have lived through a crash.
There is a lot more great info here as well.
by BL
Sun Aug 13, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing, any portfolio advice (Roth IRA) is much appreciated!
Replies: 13
Views: 986

Re: New to investing, any portfolio advice (Roth IRA) is much appreciated!

Here is a quick read to get you started investing: https://www.etf.com/docs/IfYouCan.pdf Vanguard funds are great if you are at Vanguard. (ETFs may be available elsewhere.) The balanced funds are not available without cost elsewhere, AFAIK. It is ok to play with, say, 5% of your investments as long ...
by BL
Sun Aug 13, 2017 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Wife's 401K
Replies: 5
Views: 444

Re: Advice on Wife's 401K

If she wants 60% bonds, then her choices are fine. You don't say what the ERs are, but if they are similar to low Vanguard ERs, they are reasonable. She may or may not do better with Total (US) stock, total international stock, and total bond, even if they are available. (International has only been...
by BL
Sun Aug 13, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Personal Loan?
Replies: 19
Views: 1259

Re: Personal Loan?

Consider selling the truck to get, buying a much cheaper vehicle, and using any left over equity to pay down the credit cards. I am a believer in spouses merging finances and making joint financial decisions. So when one spouse runs up debt without the knowledge/approval of the other, the spouse wh...
by BL
Sun Aug 13, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawal Options?
Replies: 10
Views: 1130

Re: Withdrawal Options?

You will want to convert directly to Roth IRA, not withdraw and then "contribute" to Roth, which is a separate type of contribution. Edit for correction If you or spouse are earning money, you may still contribute $ 5500 6500 /year directly to a Roth. Use a tax program to try "what if" ideas, not ju...
by BL
Sat Aug 12, 2017 8:59 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3126

Re: Public vs Private Elementary

Can you get started volunteering at your local public school this year, even if your kids are not yet there? Unless you are more confident in the school, it will rub off on your kids and that will not be good. Maybe you could give up some money and start them this fall (or winter) anyway. I would wa...
by BL
Sat Aug 12, 2017 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: TSP only vs TSP and Vanguard IRA
Replies: 19
Views: 1088

Re: TSP only vs TSP and Vanguard IRA

I believe you can roll over TSP directly to IRA when you retire. That would leave no question about withdrawals from TSP. I am not saying that is the best choice. Having money in low-ER TSP, and having excellent bond choice there, may be much more important. So I would not clean out the TSP in case ...
by BL
Sat Aug 12, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Can we slow down then retire?
Replies: 25
Views: 3954

Re: Possibilities after surprise inheritance?

Seriously consider health insurance for that many years. If you can't get it from employer, it may be very costly. Ideally, the higher income person should wait until age 70 for maximum COLAd lifetime income as long as one of them lives. If you haven't worked 35 years under SS, there would be zeroes...
by BL
Sat Aug 12, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Will vs Living Trust
Replies: 59
Views: 5355

Re: Will vs Living Trust

I too live in MN and struggle a bit with the will versus trust issue. In Minnesota the estate you describe will pass to the wife without any estate tax nor probate if you have everything titled corrected and have beneficiaries payable on death or transfer on death on all accounts. I have been told ...
by BL
Sat Aug 12, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: How much Roth conversion?
Replies: 14
Views: 1160

Re: How much Roth conversion?

If you want to get really close to the top of the 15% bracket without going over it, or just really close to top of 10% bracket, I suggest you get a last year's real tax program (such as Turbo Tax or H&R Block-some should be really cheap now) and run the figures more exactly. There could be lower-in...
by BL
Fri Aug 11, 2017 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance for grandpa? liability risk or higher rate
Replies: 11
Views: 695

Re: Car insurance for grandpa? liability risk or higher rate

I might give him the car and pay liability on his car. Why not list your spouse as second driver on your car? By the way, do you have umbrella insurance? It could be a good general idea to give you extra liability protection. Maybe someone more experienced will add something here. You can each gift ...