Search found 6593 matches

by BL
Mon Apr 24, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Child's Debt Consolidation
Replies: 9
Views: 1056

Re: Child's Debt Consolidation

Be aware that using a credit card that has debt carried on it means she is also paying high interest on her current purchases. Never use a card that is not fully paid off regularly.
by BL
Mon Apr 24, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Investing with Vanguard - need help
Replies: 10
Views: 557

Re: Investing with Vanguard - need help

The Target 2035 is about 21% bonds which seems rather aggressive for you, unless perhaps you have a pension. It will get more conservative over time and eventually get down to 70% bonds in maybe 2045?? The Life Strategy Aggressive, 80/20, would be about the same thing but stay steady. You could pick...
by BL
Mon Apr 24, 2017 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice needed please
Replies: 4
Views: 372

Re: Portfolio advice needed please

Your cheapest way to get bond funds in 401k is to get a Target Fund Income or near date fund. I wouldn't put extra bonds in Roth.

She could switch to the Index target date fund in Fidelity for a much lower ER.
by BL
Sun Apr 23, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Which Vanguard fund for Roth IRA
Replies: 14
Views: 967

Re: Which Vanguard fund for Roth IRA

dharrythomas wrote:I recommend one fund, LifeStrategy Growth.

+1
by BL
Sun Apr 23, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Changes (30 years old)
Replies: 5
Views: 296

Re: Portfolio Changes (30 years old)

It is probably fine the way it is.

I might think about changing her 401k to S&P500
and your 403b to Vanguard Target Retirement 2030 Fund (VTHRX)
See if that would make the bond % about right, if interested. That would still be only one fund in each account.
by BL
Sun Apr 23, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Question about 403b plan
Replies: 16
Views: 774

Re: Question about 403b plan

1. Get your match. Look carefully for low ER funds. From you choices, I would look at Life Strategy with desired bond % or a few index funds with lowest ER such as US stock and US bond. 2. Fill Roth IRA or traditional. 3. Fill 403b if you still have any more to invest. The tax-deferment is worth a l...
by BL
Sun Apr 23, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Investment Advice?
Replies: 2
Views: 315

Re: Retirement Investment Advice?

If you list your information according to "Asking Portfolio Questions" thread, you would get better advice here. If you wish to pay for advice, you could certainly find worse places to go than PAS. But if you are willing to study a little, ask here as well, and use suggestions from V, you ...
by BL
Sun Apr 23, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Should I make changes to my portfolio ?
Replies: 32
Views: 3484

Re: Should I make changes to my portfolio ?

There is nothing wrong with a "cookie cutter" approach. The PAS uses a plan that is designed by experts, and so do the balanced funds like Target Date funds, Life Strategy funds, Balanced Funds, etc. Odds are they are better than most of us can do, mainly because they don't encourage "...
by BL
Sun Apr 23, 2017 1:09 am
Forum: Investing - Help with Personal Investments
Topic: Grow my taxable index fund, or contribute to a non-matching 403b?
Replies: 37
Views: 2331

Re: Grow my taxable index fund, or contribute to a non-matching 403b?

Take a good look at the four-in-one fund. If you can live with the bond %. I think it is 15%, that would be a nice balanced fund with no work at all. If later on you wanted to split it up, you still could with no tax consequences. Also take a look at the 457. It has some unique advantages if this is...
by BL
Sat Apr 22, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Does mom need estate planning?
Replies: 12
Views: 874

Re: Does mom need estate planning?

Is you sister mentally or physically disabled? It seems she should have things set up legally rather than depend on you for all of that. What happens if you die, get married, get divorced, get sued, get disabled, or any number of possibilities? A lawyer could set things up legally to take care of her.
by BL
Sat Apr 22, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for parents needed.
Replies: 4
Views: 496

Re: Advice for parents needed.

Their "advisor" is really just a salesperson. They do not need an annuity. The "benefit" of an annuity is that it generates income for the "advisor". Take a look at Vanguard's Target Retirement Income Fund. It is 70% bonds and 30% stocks. +1 Also the best idea may be t...
by BL
Sat Apr 22, 2017 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Hi I'm going to open up a taxable account
Replies: 10
Views: 1058

Re: Hi I'm going to open up a taxable account

It may depend on what you have in Roth. It is easier to make changes in Roth if you make a mistake. Taxable could have tax consequences so you want to plan it more carefully and consider everything as one portfolio. More information about you and your tax bracket would be helpful. Total Stock Market...
by BL
Fri Apr 21, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Not sure what account to open and with whom
Replies: 13
Views: 932

Re: Not sure what account to open and with whom

Don't be so quick about rolling over 401k. If it has low-ER total market funds, it might make sense to leave it there. Have you already rolled over and bought American Funds? Loads are not a good idea, but if done then it is a sunk cost. Watch out for high fees and bad advice from advisors. They mak...
by BL
Fri Apr 21, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Improving my Math Skills
Replies: 27
Views: 2935

Re: Improving my Math Skills

I don't nearly know as much about math as what others have posted, but incase you are thinking of going back to school to get an MBA someday, or just incase you want a disciplined way of studying math without breaking the bank, you could study and take the GMAT. The Mckinsey books on math cover a w...
by BL
Fri Apr 21, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Moving from 10 to 2 funds - capital gains?
Replies: 12
Views: 1403

Re: Moving from 10 to 2 funds - capital gains?

Two things that are tricks are: 1. Look through the holdings by tax lot and see of some positions can be sold that have no gain or unrealized losses. This does not really help if completely eliminating the position for simplicity is the goal. 2. Charitable donations may be an option. If you are alr...
by BL
Fri Apr 21, 2017 1:26 am
Forum: Investing - Help with Personal Investments
Topic: Grandparent's Variable Annuity and Edward Jones
Replies: 9
Views: 1402

Re: Grandparent's Variable Annuity and Edward Jones

I think you are right not to pull them out of EJ, although it would be the best thing to do. Have they been changed to the new way of charging that I see EJ is starting, where they charge AUM and don't sell load funds. I have no first-hand knowledge of this, just wondering. It seems to be waking up ...
by BL
Fri Apr 21, 2017 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 43
Views: 3924

Re: Should I cancel my whole life policy?

There is a reason WL subject has a sticky at the top of this section. Thanks for the reminder as I had forgotten about it. OP, you might want to read through it, just remember there is at least one salesman defending WL in the thread. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=57154
by BL
Fri Apr 21, 2017 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Too much inheritance to handle. Advice needed
Replies: 92
Views: 10395

Re: Too much inheritance to handle. Advice needed

Please go slowly on this. Do what needs to be done and let other decisions wait. Be sure that any inherited IRAs are handled correctly and titled correctly. You don't want them to hand it over directly to your mom, but rather be transferred directly to another brokerage (or bank for FDIC accounts su...
by BL
Thu Apr 20, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 43
Views: 3924

Re: Should I cancel my whole life policy?

OP, I hope you have gotten some ideas here that may help you decide what to do with this. I think it is important to consider that those of us who comment are basically just anonymous folks, both to you and to each other, and are by no means experts on this or most subjects. Most of us have your bes...
by BL
Thu Apr 20, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make a good decision to retire July 2017 instead of July 2018?
Replies: 56
Views: 4754

Re: Did I make a good decision to retire July 2017 instead of July 2018?

It only makes sense to ponder this if you still can undo your resignation.

If not, the point is, what do you need to live on, and what can you do to make it possible if current circumstance is not acceptable.
by BL
Thu Apr 20, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Grow my taxable index fund, or contribute to a non-matching 403b?
Replies: 37
Views: 2331

Re: Grow my taxable index fund, or contribute to a non-matching 403b?

+1 on the fantastic low-ER fund in 403b. I didn't look to see if you also have a low-ER bond fund which you could consider at some time (I consider your pension as a bond fund).
by BL
Thu Apr 20, 2017 2:10 am
Forum: Investing - Help with Personal Investments
Topic: Should I bother with a 401k at present?
Replies: 25
Views: 1954

Re: Should I bother with a 401k at present?

It might pay for each of you to save $2000 to get the max Saver's Credit. Spouse could save in an IRA/Roth IRA at Vanguard in a Target Date fund and you in 401k to get the match. It does not give you anything if you are down to 0% tax liability. The Saver's Tax Credit is a non-refundable income tax ...
by BL
Thu Apr 20, 2017 1:44 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 3628

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

If you don't make too much money to qualify for Roth IRA investment, that would be better than a regular account. Your contributions, but not earnings, could be removed at any time with no tax or penalty. The gains can usually be removed after 59 1/2 and then would never be taxed. You could set it u...
by BL
Thu Apr 20, 2017 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5380

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

How about Vanguard PAS? (telephone or possibly video-conferencing) 50,000 invested: 0.3% AUM=$150/yr with low-ER funds, below 0.2% not deducted but comes out of NAV: $100/yr Total cost may be less than the cost of most of your funds elsewhere. https://investor.vanguard.com/financial-advisor/financia...
by BL
Thu Apr 20, 2017 12:10 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 313
Views: 28990

Re: Larry Swedroe says "Goodby."

Thank you, Larry. I have appreciated your input and articles.
by BL
Wed Apr 19, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 43
Views: 3924

Re: Need help with whole life

Here is a blog I found by a person, Kitces, that has been referred to on Boglehead's for various investing topics. You might pick up a few ideas and consider whether you want to spend the $100 for an analysis by expert Hunt: https://www.kitces.com/blog/why-cancelling-an-existing-whole-life-or-univer...
by BL
Wed Apr 19, 2017 10:29 pm
Forum: Personal Consumer Issues
Topic: Improving my Math Skills
Replies: 27
Views: 2935

Re: Improving my Math Skills

Here I am now, 15 years later, working in logistics and transportation, trying to optimize fleet schedules and routes without the help of any applied mathematics courses or training. You aren't looking for math, you are looking for industrial engineering courses. An industrial engineer is all about...
by BL
Wed Apr 19, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 43
Views: 3924

Re: Need help with whole life

Can you at least do a "1035" exchange to some much lower cost investment (like a low cost variable annuity at Vanguard) so at least the 12k loss reduces your basis in that alternative, and almost any alternative investment would better? Or if you have only had it for 2 months, could you a...
by BL
Wed Apr 19, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Another: Rent out current house or sell? (what did you do?)
Replies: 3
Views: 463

Re: Another: Rent out current house or sell? (what did you do?)

Sell: no Capital Gains if you sell now.

If you want a rental, find a more suitable rental and buy.
by BL
Wed Apr 19, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA transfers, indirect rollovers, contributions, oh my!
Replies: 7
Views: 468

Re: Roth IRA transfers, indirect rollovers, contributions, oh my!

https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-distributions 60-day rollover – If a distribution from an IRA or a retirement plan is paid directly to you, you can deposit all or a portion of it in an IRA or a retirement plan within 60 days. Taxes...
by BL
Wed Apr 19, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Too much inheritance to handle. Advice needed
Replies: 92
Views: 10395

Re: Too much inheritance to handle. Advice needed

Thanks for the suggestion. I don't mean to be invasive, but are these annuities you mentioned guaranteed to return 2-3 % a year? EE bonds are guaranteed to double (3.5%) in 20 years. 10 year CD's are currently returning 2.8%. Vanguard Total Bond Fund is not guaranteed, but has an annual total avera...
by BL
Wed Apr 19, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Collect While Working?
Replies: 13
Views: 1173

Re: Social Security - Collect While Working?

Effective as of reaching FRA, your benefit is adjusted to account for any months in which the earnings test resulted in no benefit or a reduced benefit. For example if a person claims 48 months prior to FRA, but their earnings are high enough that the earnings test results in their benefit being re...
by BL
Wed Apr 19, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Collect While Working?
Replies: 13
Views: 1173

Re: Social Security - Collect While Working?

If your income is high enough, you may not get any SS while working anyway. Not sure if it would change things at all. However, the year of your FRA, you may be able to draw before FRA depending on your birth date, and after FRA you can both draw and work at any wage.
by BL
Wed Apr 19, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Starting from Ground Zero!!
Replies: 11
Views: 1976

Re: Starting from Ground Zero!!

Even though I only use Vanguard, I have to tell you that you can find good low-ER INDEX funds at Fidelity, so there is no real requirement to move. See Wiki page on "3-Fund Portfolio" for suggested Fidelity funds. Retirement is hoped and planned for, not guaranteed. Look for low-ER index f...
by BL
Tue Apr 18, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: TaxAct not calculating capital gain harvesting properly?
Replies: 28
Views: 1567

Re: TaxAct not calculating capital gain harvesting properly?

It could affect taxable SS amounts if you are collecting SS.
by BL
Tue Apr 18, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5380

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

As for insurance that is no way to save for money needed in the not too distant future. About all you could do is borrow from it and pay interest: well, you could just as well borrow at the bank or credit card because you have to pay it back or else the policy might crash and you might even have to ...
by BL
Tue Apr 18, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Too much inheritance to handle. Advice needed
Replies: 92
Views: 10395

Re: Too much inheritance to handle. Advice needed

pintail07 spoke of this up-thread, but I want to emphasize that if the AXA investment is an annuity, there is a "free look" period during which you can cancel the contract. The free look period may be as short as 10 days depending on your state law. The free look period usually starts on ...
by BL
Tue Apr 18, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Which book is best to start with ?
Replies: 12
Views: 922

Re: Which book is best to start with ?

I would actually start with Jane Quinn Bryant's "How To Make Your Money Last". I think it is more cohesive than the two mentioned while still advocating index investing. Heresy, I know. :happy +1. Bryant's book is excellent and provides a very holistic view of retirement planning and issu...
by BL
Tue Apr 18, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: AXA index-linked deferred variable annuity
Replies: 11
Views: 837

Re: AXA index-linked deferred variable annuity

No! FINRA, a watchdog, has this pdf which may be helpful: https://www.finra.org/file/alert-equity-indexed-annuities-complex-choice Check out immediateAnnuities.com for ideas on SPIAs and perhaps deferred SP deferred annuities. Don't consider anything else. These are much simpler to understand and co...
by BL
Tue Apr 18, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Any Way to Further Reduce Taxes?
Replies: 14
Views: 1205

Re: Any Way to Further Reduce Taxes?

2016 Traditional IRA deduction limits Filing Status Modified adjusted gross income (MAGI)2 Deduction Limit Single individuals ≥ $71,000 No deduction Roth IRA Income Limits (for single filers) Phase-out starts at $117,000; ineligible at $132,000 401k and HSA will reduce AGI. If higher, then backdoor...
by BL
Tue Apr 18, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 4877

Re: Can I afford private school for my kids?

It is a choice you need to work out based on your value system. Many Christians decide to send their children to public schools, but others do not. Visit and volunteer in both schools. That would help you decide. I have seen students from some private schools flounder and be way behind when they tra...
by BL
Tue Apr 18, 2017 7:18 am
Forum: Investing - Theory, News & General
Topic: RMD Question
Replies: 6
Views: 660

Re: RMD Question

I don't see why it wouldn't be just fine. Each RMD needs to be calculated separately; where you take it from is then up to you. If you can have each brokerage calculate, and perhaps withdraw as well, you should be fine. I don't know what Fidelity does, but I would assume something similar to Vanguar...
by BL
Tue Apr 18, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Taxes- okay to just drop in the mail today??
Replies: 29
Views: 3050

Re: Taxes- okay to just drop in the mail today??

Hello, My accountant finished my returns late last night. Can I just sign these returns and send to IRS by dropping off in mailbox before the mailman comes, or do I have to drop off at the post office? Second, I've gotten a little frustrated with my accountant, and wanted to see if you think my fru...
by BL
Tue Apr 18, 2017 2:01 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5380

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

Good advise. Yes, you are so right on - I'm bit aggressive, given i am 40, my bonds = age - 20 = my AA is 80:20, she is conservative. We went to an advisdor so she better understands investments .... she is mom of twins with a job and no interest in investing yet she ask to invest vs putting $ in c...
by BL
Tue Apr 18, 2017 1:31 am
Forum: Investing - Help with Personal Investments
Topic: 25yr Portfolio Review
Replies: 2
Views: 420

Re: 25yr Portfolio Review

Look at the dividends and capital gains on your tax form 1040. What are they costing you in taxes? Ordinary dividends that are not qualified are taxed at your highest tax bracket. See what funds they are coming from and think about selling before the capital gains get too big. Index funds such as Va...
by BL
Tue Apr 18, 2017 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5380

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

This sounds like her money, not yours, for whatever reason. I would wait and do the slice and dice when you put money in your Roth or wherever. Until then, perhaps you two can work together to come up with a simple, diversified, low-ER portfolio like the 3-fund or an easy-to-do balanced fund. I beli...
by BL
Mon Apr 17, 2017 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5380

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

It sounds like your "advisor" is an insurance salesman, is that correct? Insurance companies want to sell insurance, and are not known as a good place for investments. Hopefully you didn't sign anything, and I recommend you don't without at least a 6-month cooling off period for such a big...
by BL
Mon Apr 17, 2017 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Too much inheritance to handle. Advice needed
Replies: 92
Views: 10395

Re: Too much inheritance to handle. Advice needed

This is how it looks in my mom's portfolio. American Funds is in a brokerage account. There was no front load fee charge. I'm still trying to figure out where 1.2k went from the initial 150k investment as you can see in the image. It is about 1/4 (a quarter of a year's 1.25% AUM) of the fee on the ...
by BL
Mon Apr 17, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for 30yr old with limited knowledge-Calling all Bogleheads
Replies: 17
Views: 1940

Re: Advice for 30yr old with limited knowledge-Calling all Bogleheads

For simplicity, you could go with the first 2 colored funds or add the 3rd for a 3-fund portfolio. Any/all of the others could be added if you choose, maybe later. This target fund is pretty expensive but Vanguard or Fidelity Index target funds would work in a Roth IRA. Total Stock market (or S&...
by BL
Mon Apr 17, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Thriven inherited annunity- which fund?
Replies: 28
Views: 1638

Re: Thriven inherited annunity- which fund?

I have heard of a couple places that may be worth checking. However, you can't be sure that the advice is worth the cost, even if it should be good advice. Take your time. https://www.napfa.org/ I have heard they make recommendations for advisors. http://www.kiplinger.com/article/retirement/T023-C00...

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