Search found 120 matches

by SelfEmployed123
Wed Aug 15, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Brokerage checking: Fidelity, Schwab, or Vanguard
Replies: 23
Views: 1968

Re: Brokerage checking: Fidelity, Schwab, or Vanguard

According to the Fidelity retirement specialist, there are no distributions allowed from the plan unless through termination. So, if I were to consider early retirement at 55 that would require termination of plan which will result in all proceeds to be taxable at once. I can no longer keep the mon...
by SelfEmployed123
Wed Aug 15, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Brokerage checking: Fidelity, Schwab, or Vanguard
Replies: 23
Views: 1968

Re: Brokerage checking: Fidelity, Schwab, or Vanguard

Regarding the solo 401k accounts, I have mine set up with Fidelity and have been pretty happy. You can learn more about both Fidelity and Schwab solo 401k accounts here: https://thecollegeinvestor.com/18174/comparing-the-most-popular-solo-401k-options/. Neither have a Roth option. Neither allow loan...
by SelfEmployed123
Tue Aug 14, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Help with inheritance
Replies: 10
Views: 690

Re: Beginner Help with inheritance

I'm going to second the advice that you not partner with oXYgen Financial. If you are in need of advising services, you could sign up for personal advisor services with Vanguard: https://investor.vanguard.com/financial-advisor/financial-planner They can help with the transfers. From what I've heard ...
by SelfEmployed123
Tue Aug 14, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k / TD Ameritrade
Replies: 16
Views: 615

Re: Solo 401k / TD Ameritrade

I have my solo 401K with Fidelity. I'm happy with them. Their website is easy to use & you can find answers to all the questions in your post in their website. I found their customer service to be very helpful as well. The reason I choose not to go with Vangurad is because they don't offer Admiral ...
by SelfEmployed123
Tue Aug 14, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Another Roth vs Traditional Debate
Replies: 21
Views: 1715

Re: Another Roth vs Traditional Debate

This is a great post and I have considered most of these factors. I agree 100% with your assessment of the Roth - it's always seemed one of the more heavily scrutinized savings vehicles. If there were to be a change or some sort of "luxury tax" imposed onto retirement accounts, I think the Roth acc...
by SelfEmployed123
Mon Aug 13, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Another Roth vs Traditional Debate
Replies: 21
Views: 1715

Re: Another Roth vs Traditional Debate

I'm just not sure I buy the argument for using a Roth for just about anyone in the accumulation phase unless you are at the bottom of the tax bracket and expect your income to go up in the near future. Even for someone with a Federal + State tax rate of 19%, I still think go traditional and here is ...
by SelfEmployed123
Tue Aug 07, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: About a decade behind on investing - jumping start advice?
Replies: 15
Views: 1252

Re: About a decade behind on investing - jumping start advice?

12 replies already -- this place is ridiculously helpful. I will read over everything here shortly, but from what I see everyone saying I need to up what I invest right now. The income the last 3 years was all generated from purchased inventory -- so I have a large # of expenses (I probably run thr...
by SelfEmployed123
Tue Aug 07, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: About a decade behind on investing - jumping start advice?
Replies: 15
Views: 1252

Re: About a decade behind on investing - jumping start advice?

One more thing: As far as your savings rate goes, I would recommend you keep track of your current expenses and aim for at least 25% savings rate to catch up. A 50% savings rate would be even better. If you save more than 50% of your income then you are a rock star in my opinion. Your mission should...
by SelfEmployed123
Tue Aug 07, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: About a decade behind on investing - jumping start advice?
Replies: 15
Views: 1252

Re: About a decade behind on investing - jumping start advice?

I'd recommend you take a look at this article on setting up a solo 401k: https://thecollegeinvestor.com/18174/comparing-the-most-popular-solo-401k-options/. I recently set up my own solo 401k at Fidelity and I found that summary helpful. I'd recommend you search for past threads on Bogleheads for mo...
by SelfEmployed123
Fri Aug 03, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Persistence Hard To Come By
Replies: 4
Views: 432

Re: Larry Swedroe: Persistence Hard To Come By

Thanks for posting. I recall reading similar data in Jack Bogle's Little Book of Common Sense Investing. It's among the most persuasive data in favor of passive index funds that I've ever seen. It was good to see that more recent data continue to hold up that trend.
by SelfEmployed123
Fri Aug 03, 2018 5:47 am
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 2767

Re: Time to invest in Fidelity's new zero fee funds?

OP: I have my individual 401k with Fidelity and have been wondering the same. With the reduction in expense ratios FSTVX now costs $1.5 per $10k invested. FTIPX now costs $6 per $10k invested. Depending on the size of your portfolio, switching to the 0 ER funds won't save a ton of money. My portfoli...
by SelfEmployed123
Thu Aug 02, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Two target funds in my Vanguard. Should I split them up?
Replies: 6
Views: 426

Re: Two target funds in my Vanguard. Should I split them up?

Both funds are excellent. They have nearly identical asset allocation of stocks versus bonds, which is right at the 90/10 asset allocation you said you wanted. Selling to convert to one fund or the other is not a taxable event as long as it is happening in your tax deferred accounts like an IRA. I s...
by SelfEmployed123
Wed Aug 01, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: SWR 2.5% --how much equity required?
Replies: 9
Views: 1262

Re: SWR 2.5% --how much equity required?

Actually, according to the chart at the following link from the Trinity Study, a 3.0% withdrawal rate from a portfolio of 50% stocks and 50% bonds would last 60 years 100% of the time. It doesn't get much safer than that: https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawa...
by SelfEmployed123
Wed Aug 01, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help set my investing mindset right with where to go managing Millions?
Replies: 11
Views: 1103

Re: Help set my investing mindset right with where to go managing Millions?

Congratulations on your success. Most here would recommend you set up a Three Fund Portfolio. See here: https://www.bogleheads.org/wiki/Three-fund_portfolio The biggest decision you'll need to make is what you want your asset allocation to be. See this Vanguard tool to help figure that out: https://...
by SelfEmployed123
Wed Aug 01, 2018 4:13 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52467

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I just realized something interesting after checking their site. There is now no difference in ER on many of Fidelity's funds with respect to investor class or premium class. Also, many minimums to invest are now $0. Just wanted to confirm: will the zero ER index funds only be available in taxable b...
by SelfEmployed123
Wed Aug 01, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52467

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Longmonster wrote:
Wed Aug 01, 2018 12:57 pm
So will holdings of FSTMX/FSTVX be converted to FROX on 8/3?
I doubt it. This looks like a completely new fund, not a replacement. It looks like you will have to sell shares to get into the new fund or just stop buying FSTMX/FSTVX and buy the new funds instead.
by SelfEmployed123
Wed Aug 01, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: 457 or taxable help!
Replies: 8
Views: 294

Re: 457 or taxable help!

Local school system employees notoriously get put into high fee 457 plans. You should check with Lincoln Financial to see what the underlying fees are in their 457. Fees will include the expense ratios of the investments you choose as well as potential annual Assets Under Management (AUM) fees. That...
by SelfEmployed123
Wed Aug 01, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52467

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

A couple pages in it says "There is no purchase minimum for shares of the fund offered in this prospectus." Is that right? Its hard to believe there will first dollar 0 ER funds. Not that I would complain. I was just on the Fidelity website and spoke with someone there and this does seem to be true...
by SelfEmployed123
Wed Aug 01, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Two solo 401K accounts - Trad and Roth at diff. firms
Replies: 9
Views: 494

Re: Two solo 401K accounts - Trad and Roth at diff. firms

PhillyBird wrote:
Tue Jul 31, 2018 9:39 pm
I've had a Traditional solo 401k with Fidelity for a while, but now considering a Roth 401k for after-tax employee contributions.
I'm just wondering why you're considering a Roth 401k? Given the concerns raised above, why not just make Roth IRA or backdoor Roth IRA contributions instead?
by SelfEmployed123
Wed Aug 01, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 52467

Re: New Fidelity Fund 0.00 ER

Wow. I understand there has been a race to the bottom for a while, but this seems unsustainable. I mean...they've gotta keep the lights and their computer servers running, right? I suppose they are trying to get people in the door and then will plan on selling them more expensive funds. What's next,...
by SelfEmployed123
Wed Aug 01, 2018 6:48 am
Forum: Investing - Help with Personal Investments
Topic: 37 years old - 401k fund and investment advice
Replies: 8
Views: 1333

Re: 37 years old - 401k fund and investment advice

Questions: 1. My 401k investment options seem rather limited, but I've read I should still max it out even without employer match. I've tried to pick the lowest ER funds that best represent the total US stock market index, while also keeping my 90/10 AA and taxable/Roth allocations in mind. Did I p...
by SelfEmployed123
Tue Jul 31, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity advice
Replies: 5
Views: 636

Re: Fidelity advice

The funds you mention hold several thousand underlying securities/bonds. There is no reason to be concerned if you and your husband own the same funds in your separate accounts. You will be very diversified even if both of you only own those three funds. I would recommend you consider replacing SIUP...
by SelfEmployed123
Tue Jul 31, 2018 8:06 pm
Forum: Investing - Theory, News & General
Topic: Are women worse at investment?
Replies: 24
Views: 1404

Re: Are women worse at investment?

At the risk of going deeper I'd like to try to bring this back to the OP's question. I do think this thread is actionable and I'll say why below. I'm in the group that have read/heard women tend to do better, mainly because they are better at buying/holding and not fooling around and introducing les...
by SelfEmployed123
Tue Jul 31, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Setting Up 403b/457 Accounts and Prioritizing Investments
Replies: 8
Views: 595

Re: Setting Up 403b/457 Accounts and Prioritizing Investments

Thank you everyone for the informative posts. I ended up doing more research. There are apparently three vendors: TIAA, Fidelity, and Nationwide. All offer similar index funds (many are Vanguard) with low ERs. I spoke with multiple customer service reps. A Fidelity rep stated they charge an annual a...
by SelfEmployed123
Tue Jul 31, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: 403b or 457
Replies: 6
Views: 528

Re: 403b or 457

Make sure you check the features of all of the plans. Some vendors offer better investment choices than others. You want to make sure you'll have access to low fee index funds. Also, check all of the fees for the plans you can sign up with. Unless you are in a large hospital system, hospitals are sm...
by SelfEmployed123
Mon Jul 30, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Setting Up 403b/457 Accounts and Prioritizing Investments
Replies: 8
Views: 595

Re: Setting Up 403b/457 Accounts and Prioritizing Investments

I assume your spouse is an educator. My wife works for OCPS (FL) and I've got a website on this topic that might be helpful to you. Your district may have negotiated different deals with TIAA and Fidelity, but if they're anything like OCPS then Fidelity is the clear winner. TIAA is the loser becaus...
by SelfEmployed123
Mon Jul 30, 2018 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Setting Up 403b/457 Accounts and Prioritizing Investments
Replies: 8
Views: 595

Setting Up 403b/457 Accounts and Prioritizing Investments

Thanks in large part to this forum, I have been learning a lot about investing and preparing for retirement. I've read through the wiki on prioritizing investments (https://www.bogleheads.org/wiki/Prioritizing_investments) along with some other questions posed by other users and had a few follow up ...
by SelfEmployed123
Sat Jul 28, 2018 7:09 am
Forum: Personal Consumer Issues
Topic: Loss Aversion, Happiness, and choices
Replies: 17
Views: 1806

Re: Loss Aversion, Happiness, and choices

This sounds like a really stressful situation. I think checking with a new realtor is good advice. Also, try reminding yourself how much the commute is costing you (at around $.55 per mile per the IRS which takes into account gas, maintenance, and insurance). How much is that per year that you are c...
by SelfEmployed123
Fri Jul 27, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for newbie: Roth 401k and bonds
Replies: 5
Views: 334

Re: Investment advice for newbie: Roth 401k and bonds

Hello all I'm new to personal finance and it's my first time posting here. Thanks for taking your time to read this post. Background: -W2 employee, started saving for retirement last year, 37% tax bracket, not married yet, tentative plan is to work 20-25 years until retirement, reside in Texas (no ...
by SelfEmployed123
Fri Jul 27, 2018 6:58 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9250

Re: Toughest Purchase of my Life. Engagement Ring time

Biggest concerns with ring: Accidental Damage (chipping diamond)/stone falls out Mugging/theft/forgotten/lost I'm hopeful Insurance has coverage for such things that isn't an arm and a leg (or a finger) Insurance for the ring should cover that. My wife's engagement ring is in the mid 1000s and we i...
by SelfEmployed123
Fri Jul 27, 2018 6:16 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9250

Re: Toughest Purchase of my Life. Engagement Ring time

Biggest concerns with ring: Accidental Damage (chipping diamond)/stone falls out Mugging/theft/forgotten/lost I'm hopeful Insurance has coverage for such things that isn't an arm and a leg (or a finger) Insurance for the ring should cover that. My wife's engagement ring is in the mid 1000s and we i...
by SelfEmployed123
Fri Jul 27, 2018 6:04 am
Forum: Investing - Theory, News & General
Topic: Rate of Return and Inflation Assumptions
Replies: 4
Views: 428

Re: Rate of Return and Inflation Assumptions

I don't pay much attention to this. I prefer to focus on things that are in my control like asset allocation and maximizing savings rate. If you get those two things right and invest the Boglehead way, you'll get whatever market return is and that is good enough for me.
by SelfEmployed123
Fri Jul 27, 2018 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Starting from scratch
Replies: 17
Views: 1897

Re: Starting from scratch

My husband just finished training and is starting his first "real" job in a private practice. His salary will be 400k but this does not include benefits of any kind (although his health premiums are paid for). We are both 36 years old with 2 kids (6 and 2) and basically have lived month to month as...
by SelfEmployed123
Thu Jul 26, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Advice For Friend Going Through Divorce
Replies: 25
Views: 3363

Re: Advice For Friend Going Through Divorce

Dear Bogleheads, Looking for some advice for a good friend of mine going through a difficult period of life with a divorce. Thankfully, I have no experience in this area, so looking to the wisdom of the bogleheads. Background: - Currently still legally married, going through legal divorce proceedin...
by SelfEmployed123
Wed Jul 25, 2018 8:23 am
Forum: Investing - Theory, News & General
Topic: Any reason to hold junk bond fund?
Replies: 50
Views: 4355

Re: Any reason to hold junk bond fund?

OP: If you decide to invest in a junk bond index fund, you should consider that part of your equity allocation rather than considering it part of your bond allocation. Junk bonds are highly correlated with stocks and have similar risks/volatility to stocks.
by SelfEmployed123
Wed Jul 25, 2018 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Help with Budget Please...(detailed income added)
Replies: 28
Views: 2213

Re: Help with Budget Please...(Updated)

Your mortgage appears to be reasonable. Most of your other expenses are reasonable. It would help to know your total income prior to the retirement deduction and what your tax bracket is. With the caveat that you have to live and you may not want to go full Mr. Money Mustache on your budget, I see a...
by SelfEmployed123
Tue Jul 24, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over 401k and Back Door Roth: How to avoid pro rata rule
Replies: 5
Views: 484

Re: Rolling over 401k and Back Door Roth: How to avoid pro rata rule

My wife has an old 401k that we will be rolling over into an IRA with Vanguard. We also plan on making contributions to our IRAs this year and then doing back door Roth contributions. We are above the income limit for direct Roth contributions. My accountant has recommended that we keep our IRA con...
by SelfEmployed123
Tue Jul 24, 2018 5:50 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over 401k and Back Door Roth: How to avoid pro rata rule
Replies: 5
Views: 484

Rolling over 401k and Back Door Roth: How to avoid pro rata rule

My wife has an old 401k that we will be rolling over into an IRA with Vanguard. We also plan on making contributions to our IRAs this year and then doing back door Roth contributions. We are above the income limit for direct Roth contributions. My accountant has recommended that we keep our IRA cont...
by SelfEmployed123
Mon Jul 23, 2018 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Prioritizing investments with high interest student loan debt
Replies: 8
Views: 698

Re: Prioritizing investments with high interest student loan debt

I feel your pain. Is your spouse in a public service occupation? If so she may be eligible for loan forgiveness after 10 years if she works for state/federal/local govt. or a non-profit. (see here: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service). However, many peopl...
by SelfEmployed123
Sun Jul 22, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Pay for college with cash flow
Replies: 78
Views: 4974

Re: Pay for college with cash flow

Your plan seems pretty well thought out. I'm curious why you think higher education will not be the same model in 15 years. Once you are maxing out your retirement accounts, it seems like you'd be passing up tax-free growth by not setting up a 529. Other than that, there would be the risk of you not...
by SelfEmployed123
Sun Jul 22, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Savings (Investing) for house
Replies: 3
Views: 335

Re: Savings (Investing) for house

The Vanguard Prime Money Market (VMMXX) is earning about 2% at the moment. It's not FDIC insured but if you're comfortable with that, you can earn an extra 25 basis points over the online savings accounts. You may make more money investing in short term treasuries, but VMMXX is a lot less work.
by SelfEmployed123
Sun Jul 22, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: 529 strategy?
Replies: 17
Views: 1109

Re: 529 strategy?

My kiddo is about 1. I signed up for her 529 earlier this year with Vanguard. I do live in a state with a state tax deduction and its own 529 (which is not Vanguard). However, my state's 529 plan has pretty high fees. I chose Vanguard due to the low fees, which I figured will help me at least break ...
by SelfEmployed123
Sun Jul 22, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 15688

Re: New book based on Millionaire Next Door

Are the "All educators" data numbers Postsecondary educators or all educators. Your paragraph before makes it seem it is only postsecondary, but then you mention it as: "All educators". Also, I am assuming if this is pulled from BLS then you are talking about ACTIVE workers. So are you assuming the...
by SelfEmployed123
Sun Jul 22, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 15688

Re: New book based on Millionaire Next Door

The study appears to lump K-12 teachers and college professors under the same category as educators. I've revised the below numbers to include postsecondary educators. According to the Bureau of Labor Statistics, there are about 1.54 million postsecondary educators. I am not including teaching assi...
by SelfEmployed123
Sat Jul 21, 2018 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 8786

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

OP, The idea of diversification is VERY old. During the age of sail ship owners would buy shares in multiple ships rather than owning one single ship. That way if a storm sinked their ship they only lost one share of their wealth and not everything. It spreads the risk out to many people rather than...
by SelfEmployed123
Wed Jul 18, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 15688

Re: New book based on Millionaire Next Door

deltaneutral83, https://www.aol.com/2012/03/26/surprising-job-that-gets-many-americans-into-the-millionaire-clu/ http://www.futurescopes.com/dating/wealthy-dating/3407/10-professions-most-millionaires You are wrong. There are 6 times more teachers that are millionaires than either the lawyers or do...
by SelfEmployed123
Wed Jul 18, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 15688

Re: New book based on Millionaire Next Door

I still think lawyers and Dr's represent higher than their proportion of millionaires in America. They may do less with more, but they still are at that level in absolute terms relative to their proportions in the workforce I believe. Obviously small business owners that don't have to flaunt it mak...
by SelfEmployed123
Mon Jul 16, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Question Regarding Life Insurance
Replies: 5
Views: 330

Re: Question Regarding Life Insurance

I don't understand your question. Doesn't term life insurance just terminate when the term is up? Why would the premium go "up" upon termination given that you don't have a valid policy anymore? Or do you have some other sort of insurance that's not simply a level term policy? All policies are term...
by SelfEmployed123
Mon Jul 16, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Question Regarding Life Insurance
Replies: 5
Views: 330

Question Regarding Life Insurance

Hi everyone, I recently purchased three term life insurance policies (for 10 years, 20 years, and 30 years respectively) for myself to protect my growing family. However, I've found out something trouble regarding the life insurance company I went with (let's call them Company X). I noticed in the p...