Search found 748 matches

by Jablean
Sat Jul 24, 2021 9:02 pm
Forum: Personal Investments
Topic: New to 3-Portfolio Method
Replies: 7
Views: 1224

Re: New to 3-Portfolio Method

I'd save yourself a headache and open your Roths at Fidelity instead of Vanguard since you already have both 401ks there. No reason to have to learn two different systems and different fund names. A Bogleheads approach works just fine at Fidelity and you'll find lots of threads here on people who ha...
by Jablean
Sat Jul 24, 2021 8:48 pm
Forum: Personal Investments
Topic: Employer to only match while using financial advisor/firm
Replies: 92
Views: 5609

Re: Employer to only match while using financial advisor

What type of retirement plan is this? This smells of kickbacks. Agree. Lawsuit waiting to happen and with good justification at least morally, not sure about legally. Unless a fantastic job it would be enough to get me to consider a job change. So unethical. Don't think kickbacks are happening here...
by Jablean
Fri Jul 23, 2021 8:52 pm
Forum: Personal Investments
Topic: Investing Money Gifted to My Children
Replies: 12
Views: 1411

Re: Investing Money Gifted to My Children

In this case I don't see any benefit to 529s established by them. When my mom passed she left a UTMA for college for my son (not in the same range but that doesn't matter). I had already established a very moderate 529 because I get a tax break on my state taxes. My kid's in college now but I'm goi...
by Jablean
Fri Jul 23, 2021 1:38 pm
Forum: Personal Investments
Topic: Investing Money Gifted to My Children
Replies: 12
Views: 1411

Re: Investing Money Gifted to My Children

In this case I don't see any benefit to 529s established by them. When my mom passed she left a UTMA for college for my son (not in the same range but that doesn't matter). I had already established a very moderate 529 because I get a tax break on my state taxes. My kid's in college now but I'm goin...
by Jablean
Fri Jul 23, 2021 1:09 pm
Forum: Personal Investments
Topic: Help deciding how to invest parent's estate proceeds
Replies: 15
Views: 1856

Re: Help deciding how to invest parent's estate proceeds

At your age, inexperience with investing, and fairly low number in your retirement accounts then I would go with the "make each account mirror the others with the same allocation splits". Unless you are willing to get into the weeds with allocations and more or less religiously predict you...
by Jablean
Fri Jul 23, 2021 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is driving classes/courses a qualified expense that can be reimbursed by 529 plan?
Replies: 8
Views: 1041

Re: Is driving classes/courses a qualified expense that can be reimbursed by 529 plan?

This would be when someone would use a UTMA. All sorts of fun things can be funded with it. However no tax benefits for anyone.
by Jablean
Wed Jul 21, 2021 4:20 pm
Forum: Personal Investments
Topic: Can I buy DirectTreasury bonds or I-bonds in brokerages?
Replies: 16
Views: 1890

Re: Can I buy DirectTreasury bonds or I-bonds in brokerages?

But you can get into TIPs which are related but not identical.
by Jablean
Wed Jul 21, 2021 4:18 pm
Forum: Personal Investments
Topic: New to investing
Replies: 9
Views: 835

Re: New to investing

ETFs are not that different from index funds but the main question is going to be "which ETFs?" and why did you choose them. When you're a newbie it's all "let's try this.....squirrel...... let's try that. Bogleheads will lead you to the calm and easy life of - I put it there and I'm ...
by Jablean
Wed Jul 21, 2021 4:05 pm
Forum: Personal Investments
Topic: Withdraw Methodologies
Replies: 23
Views: 2123

Re: Withdraw Methodologies

I love spreadsheets but I hate numbers and complicated formulas or anything that must be done using linked sheets. So I ignore that silly 4% amount which isn't useful anyway unless all your money is in one basket. How the heck it would help me with the myriad accounts I've got is beyond my comprehen...
by Jablean
Wed Jul 21, 2021 3:28 pm
Forum: Personal Investments
Topic: Advice on Expanding Portfolio For Guy Who Used to Live in Car
Replies: 15
Views: 1821

Re: Advice on Expanding Portfolio For Guy Who Used to Live in Car

What do you mean you are waiting for a bonus before putting money into a Roth? You have $46,000 in cash just sitting there waiting to invest. Well get $6000 of it invested in a Roth today. Did you already file your taxes? If you put in for an October extension you could have put in another $6000 for...
by Jablean
Wed Jul 21, 2021 3:13 pm
Forum: Personal Investments
Topic: Portfolio review
Replies: 14
Views: 1621

Re: Portfolio review

529s - if you don't want them to grow you could always put your bond allocation in them 529s are pretty flexible - they are the QTP in this IRS doc https://www.irs.gov/pub/irs-pdf/p970.pdf Withdrawals from education savings plan accounts can generally be used at any college or university, including ...
by Jablean
Wed Jul 21, 2021 1:24 pm
Forum: Personal Investments
Topic: Review my parents' humble retirement with me
Replies: 37
Views: 7287

Re: Review my parents' humble retirement with me

SS - I think your dad is fine, he didn't receive until 66 and he's the lower income spouse. IRAs - are you including the extra $1000 a year for each person for 55+ catchup? Medicare - find out more about why not signing up for more than A - how are her drugs getting paid for? Her "cobra" m...
by Jablean
Wed Jul 21, 2021 8:41 am
Forum: Personal Investments
Topic: Sep IRA options
Replies: 7
Views: 489

Re: Sep IRA options

Fidelity has been easy peasy for our SEP. It's just another account.
by Jablean
Tue Jul 20, 2021 2:27 am
Forum: Personal Finance (Not Investing)
Topic: What to do when your 529 has something left in it
Replies: 23
Views: 2814

Re: What to do when your 529 has something left in it

One of the possibilities is withdrawing from one 529 and depositing in another. I for example withdrew several thousand last year from our state holding group about a month before really figuring out the AOTC (DS' 1st year) and found I didn't need it. I could have matched it to his scholarship and p...
by Jablean
Sun Jul 18, 2021 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: IRA inherited by children-grandchildren, MRDs, and taxes thereon
Replies: 9
Views: 1482

Re: IRA inherited by children-grandchildren, MRDs, and taxes thereon

Hmmm, I think it would be better to take the RMD from his account Before it is combined with yours. The paper trail would be much clearer. Hi, that's not allowed after account holder death. Plus at this point there would be no online access to the account via Schwab online to even try, so you'd hav...
by Jablean
Sun Jul 18, 2021 3:48 am
Forum: Personal Finance (Not Investing)
Topic: Starting Charitable Foundation
Replies: 13
Views: 1249

Re: Starting Charitable Foundation

There are so many places doing great things. You might start here: http://stemfundersnetwork.org/
by Jablean
Sun Jul 18, 2021 3:05 am
Forum: Personal Investments
Topic: withdrawal, starting with dividends from taxable
Replies: 13
Views: 1405

Re: withdrawal, starting with dividends from taxable

It also depends on what you are doing for healthcare during the time period especially if no longer on a company plan and not yet on Medicare. If on ACA there is a sweet spot that you want to hit for income - not too low and not too high. Beyond your income from taxable then you play with withdrawal...
by Jablean
Sun Jul 18, 2021 2:49 am
Forum: Personal Investments
Topic: How do I quit my financial advisor?
Replies: 56
Views: 6276

Re: How do I quit my financial advisor?

I'm a Fidelity user so I'll explain how they do online transfers once you have an account. I would talk with them first as others have said for your bonus and so easy to talk with an advisor there. If they have an open office nearby even the front desk staff are quite savvy in helping you get your m...
by Jablean
Sun Jul 18, 2021 1:04 am
Forum: Personal Investments
Topic: Mom Passed - Trying To Set Dad Up For Success
Replies: 16
Views: 3136

Re: Mom Passed - Trying To Set Dad Up For Success

Dad is 66, Mom was 63. Mom left behind: 401k: About $650k Pension: About $250k Life Insurance: $500k Assuming dad was the beneficiary on all three accounts above I don't see any tax consequences for this year. He should be able to roll the 401k into his own personal IRA with no RMDs until he is 72 ...
by Jablean
Sun Jul 18, 2021 12:36 am
Forum: Personal Investments
Topic: Need your opinions on asset allocation advised by Fidelity rep
Replies: 27
Views: 2182

Re: Need your opinions on asset allocation advised by Fidelity rep

So yes - what guaranteed sources of income do you have? How do you know you only need $1500 a month from these accounts?
Social Security?
Pension?

With a normal 22% tax rate your income would have been decent - was this not for many years or did expenses take out a lot of it?
by Jablean
Sun Jul 18, 2021 12:29 am
Forum: Personal Investments
Topic: Why does everyone recommend maxing out retirement 1st
Replies: 59
Views: 7323

Re: Why does everyone recommend maxing out retirement 1st

Fund 401k to match
Fund personal IRA or Roth full

After that it's up to you. We would have never bought a house on our income if we didn't have taxable accounts - not that we knew what that was. Until about age 50 we didn't have access to a 401k - we'd bought the house before then.
by Jablean
Sun Jul 18, 2021 12:21 am
Forum: Personal Finance (Not Investing)
Topic: IRA inherited by children-grandchildren, MRDs, and taxes thereon
Replies: 9
Views: 1482

Re: IRA inherited by children-grandchildren, MRDs, and taxes thereon

Thanks, secondcor521, you've quieted my worries on the issue. Some time before the end of the year after Vanguard combines my husband's IRA with mine in the next week, I'll take the remaining Schwab+Vanguard MRD and likely put the distribution all towards taxes. So glad that issue is figured out. T...
by Jablean
Sat Jul 17, 2021 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity
Replies: 67
Views: 4965

Re: Vanguard vs. Fidelity

I like Fidelity's Full View. I can add my bank. If I want to I can add my credit cards. It pulls everything, deposits-withdrawals. I can add my life insurance. Much like those "in case I'm gone" books that people do on their own, this has everything in one spot. I'm not sure how my heirs c...
by Jablean
Sat Jul 10, 2021 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting an IRA
Replies: 21
Views: 2133

Re: Inheriting an IRA

I think inheriting the house three ways is tough for down the road when one person wants out etc. But then one person doesn't want the house if they'll have no income to fix it up either.
by Jablean
Wed Jul 07, 2021 1:55 am
Forum: Personal Investments
Topic: Withdrawing Funds from 529
Replies: 30
Views: 2536

Re: Withdrawing Funds from 529

After Year End You'll get: From the School - well actually your kid will get- a form from their school showing the billing and payments for tuition, class fees, payments and scholarships. This was only available online and only my kid could download it thru the student portal, sometime in February. ...
by Jablean
Wed Jul 07, 2021 12:36 am
Forum: Personal Investments
Topic: Mutual Fund Accounts vs Brokerage Accounts
Replies: 26
Views: 2096

Re: Mutual Fund Accounts vs Brokerage Accounts

I began investing with a mutual fund account at Twentieth Century Investments in 1983 or 1984. Wow, that brings back memories. I started with them as well, in a fund that I think was called Twentieth Century Select. That was before I became a Boglehead. :happy I think I had 'Select' in taxable, and...
by Jablean
Mon Jul 05, 2021 10:59 am
Forum: Personal Investments
Topic: Replace Fidelity Contrafund
Replies: 26
Views: 4134

Re: Replace Fidelity Contrafund

Fidelity will show you purchase lots when you look at "Positions". Click on the fund to expand it. Fidelity used to show more Research in this area which I miss but does have another tab call "Purchase History". You can page through the Purchase history to see every purchase and...
by Jablean
Mon Jul 05, 2021 10:59 am
Forum: Personal Investments
Topic: Replace Fidelity Contrafund
Replies: 26
Views: 4134

Re: Replace Fidelity Contrafund

Fidelity will show you purchase lots when you look at "Positions". Click on the fund to expand it. Fidelity used to show more Research in this area which I miss but does have another tab call "Purchase History". You can page through the Purchase history to see every purchase and ...
by Jablean
Sun Jul 04, 2021 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Why can you "spend more" if you buy SPIA?
Replies: 38
Views: 5313

Re: Why can you "spend more" if you buy SPIA?

I am OP of this thread in 2018. Still haven’t bought an annuity. But still leaning that way with part of my assets. Thought I would bump this thread in event others maybe want to chime in. I am sure there are many new posters since March 2018. Thanks, I hadn't seen this answer before so I'll link i...
by Jablean
Sun Jul 04, 2021 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Newly Self-Employed & Looking for Guidance
Replies: 21
Views: 2338

Re: Newly Self-Employed & Looking for Guidance

Well after reading up I see why they suggested an LLC over a Sole Prop and including your husband to turn it into a partnership. It's so you can have two streams on income from the business - one as a salary on which self-employment taxes are owed and one as what's left over for the year and counted...
by Jablean
Sat Jul 03, 2021 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance before Medicare
Replies: 15
Views: 1415

Re: Health insurance before Medicare

My father is 62 and almost 63. My mother is 2 years younger. Both are getting anxious to retire soon. Any tips or tricks on how to shop for health insurance before Medicare? It makes me nervous but I want them to enjoy their life. They are both fairly healthy and grow weary of their jobs. They both...
by Jablean
Mon Jun 28, 2021 2:18 am
Forum: Personal Investments
Topic: Try as I might, I don’t understand Roth conversions
Replies: 16
Views: 2714

Re: Try as I might, I don’t understand Roth conversions

How would I do Roth conversions? Or would I do them all? I don’t know what it means when people say “convert up to a bracket.” Doesn’t the money I take off my portfolio “count” toward the conversion and if I’m taking 150K aren’t I always going to be in the highest conversion bracket? Would I take t...
by Jablean
Sun Jun 27, 2021 5:58 pm
Forum: Personal Investments
Topic: Female Friend will say "Now What ?"
Replies: 58
Views: 12885

Re: Female Friend will say "Now What ?"

So you want to put her in more bonds but perhaps she feels that bonds are flightly little things that twitter mightily and do absolutely nothing? And if she's watching her positions and earnings they can be in the red while the rest of the market is green and climbing. Much more fun putting the fun...
by Jablean
Sat Jun 26, 2021 6:25 pm
Forum: Personal Investments
Topic: Female Friend will say "Now What ?"
Replies: 58
Views: 12885

Re: Female Friend will say "Now What ?"

So you want to put her in more bonds but perhaps she feels that bonds are flightly little things that twitter mightily and do absolutely nothing? And if she's watching her positions and earnings they can be in the red while the rest of the market is green and climbing. Much more fun putting the fund...
by Jablean
Sat Jun 26, 2021 6:13 pm
Forum: Personal Investments
Topic: Temporarily accepting bonds in Roth 401k or forcibly rebalancing
Replies: 1
Views: 308

Re: Temporarily accepting bonds in Roth 401k or forcibly rebalancing

You are going to have such a large taxable space that your "retirement" accounts traditional or Roth are going to have a hard time competing for percentages. I see no reason that if you expect to put in over $200000 to taxable that you can't buy bonds at that time. You you want to keep you...
by Jablean
Sat Jun 26, 2021 6:03 pm
Forum: Personal Investments
Topic: widow/widower portfolio Question
Replies: 14
Views: 1729

Re: widow/widower portfolio Question

Age: 63, working full-time, hope to retire in 5 years and take social security when 70 years) Desired Asset allocation: Not sure ?66% stocks / 34% bonds Desired International allocation: Not sure ?15% of stocks Size of current total portfolio: high 7 ~ low 8 figure (getting there) Taxable Brokerage...
by Jablean
Fri Jun 25, 2021 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance to exit mutual funds with large capital gains and minimize tax burden
Replies: 17
Views: 1524

Re: Guidance to exit mutual funds with large capital gains and minimize tax burden

another thought: call Vanguard (or Fidelity or Schwab) and inquire whether any of those funds can be transferred in-kind? You'd at least get rid of the Advisors' fee, adn you could sell the funds at at time of your choosing. I just looked to see if I could buy the funds with my Fidelity account and...
by Jablean
Fri Jun 25, 2021 2:58 am
Forum: Personal Investments
Topic: Choosing a CD Term
Replies: 23
Views: 2038

Re: Choosing a CD Term

Do you have a ladder of other CDs? If not, split it into $10,000 each. If you do then go for the term that fills in gaps in your ladder. Looks like your rates are better than mine.

My Credit Union promos are currently
6 month .2%
12 month .3
24 month .4
60 month .7
by Jablean
Fri Jun 25, 2021 2:52 am
Forum: Personal Investments
Topic: How to invest inherited ROTH IRA
Replies: 3
Views: 601

Re: How to invest inherited ROTH IRA

I have a non-spousal inherited ROTH IRA in 2021. I believe there are no RMD and I have to empty it out in 10 years. I cannot find clear info on how the account will be taxed, so I cannot decide what is the investing strategy. If all the contributions and earnings will be tax-free, then I will inves...
by Jablean
Fri Jun 25, 2021 2:07 am
Forum: Personal Investments
Topic: Help deciding best way to pay off mortgage faster
Replies: 60
Views: 4092

Re: Help deciding best way to pay off mortgage faster

Every year your monthly PIMI is going to change because your property taxes change. I ran mine at my credit union so I just scheduled 2 payments every month. One to cover the PIMI and one for whatever extra I wanted to throw at the principal. I vacillated back and forth on what to do with the extra ...
by Jablean
Thu Jun 24, 2021 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Recent Name Change?
Replies: 5
Views: 712

Re: Recent Name Change?

If she does want to change her name it is easier to do so in the recent aftermath of a marriage. I didn't and looked into it about 15 years later - state would make me advertise the change in the paper for three weeks in addition to the regular stuff. Decided still not worth it. I have a credit card...
by Jablean
Wed Jun 23, 2021 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2627
Views: 614694

Re: Share your net worth progression

And the young people interested in getting and giving advice re successful financial management is very impressive. It could well be that the majority of them are headed to the 99th percentile. This forum is a testament to Jack Bogle s philosophy on successful investing. I don't disagree but in the...
by Jablean
Wed Jun 23, 2021 1:32 am
Forum: Personal Investments
Topic: Is my asset allocation too conservative?
Replies: 18
Views: 3432

Re: Is my asset allocation too conservative? And how should I pay for a big home improvement project?

Credit unions are usually pretty good but check in with somebody else about refinancing your mortgage. Refinancing costs roll-over into the loan so the main thing is if it would be helpful to lower your monthly cost - or keep the same cost but cut it from a 30 year to a 15. Don't take another loan o...
by Jablean
Wed Jun 23, 2021 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Explain it Like I'm 5: Tax Consequence of Giving a Non-Relative $100,000 as a Gift
Replies: 37
Views: 4765

Re: Explain it Like I'm 5: Tax Consequence of Giving a Non-Relative $100,000 as a Gift

Not applicable I think in this case but if you were someone who might qualify for Medicaid you would want to somewhat track it as it would effect the 5 year look back (claw back) rule.
by Jablean
Tue Jun 22, 2021 3:59 pm
Forum: Personal Investments
Topic: First Post -Portfolio Review with Excess Cash to Deploy
Replies: 5
Views: 950

Re: First Post -Portfolio Review with Excess Cash to Deploy

Your investment fund choices look perfectly adequate the only change might be to pick a different year end or go higher percentage on the 500 index if you decide that your pension expectations allow a higher stock allocation. But - what if your wife doesn't work for the next 20+ years, what's your f...
by Jablean
Tue Jun 22, 2021 3:50 pm
Forum: Personal Investments
Topic: Looking for guidance as retirement approaches
Replies: 7
Views: 937

Re: Looking for guidance as retirement approaches

If you hold cash now you'll pay taxes now and taxes on whatever income from how you invest it. If you put cash in IRA/401k then you only pay taxes on what you take out - you are both over the age where there is no penalty to use the IRAs as you see fit. Either approach might be appropriate depending...
by Jablean
Tue Jun 22, 2021 3:39 pm
Forum: Personal Investments
Topic: Redeeming CDs
Replies: 7
Views: 708

Re: Redeeming CDs

Why do you want to redeem your CD before it's maturity date and lose up to a year's worth of interest? Just to buy stock. Are you trying to time the market?
by Jablean
Tue Jun 22, 2021 3:37 pm
Forum: Personal Investments
Topic: What should my stock allocation be?
Replies: 8
Views: 949

Re: What should my stock allocation be?

Are you vested yet? If you lost your current job what would happen?
by Jablean
Tue Jun 22, 2021 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Definitive source on how soon Roth conversion can be withdrawn over age 60
Replies: 31
Views: 2367

Re: Definitive source on how soon Roth conversion can be withdrawn over age 60

Have you ever had a Roth account before?
If yes, do you still have it or did you take all the money out and close it?
by Jablean
Tue Jun 22, 2021 1:42 am
Forum: Personal Investments
Topic: Just opened a Roth IRA and have no other investments...help!
Replies: 15
Views: 1310

Re: Just opened a Roth IRA and have no other investments...help!

Let's talk about your job - are there any opportunities for something like a 401k there? Thank you for this! I updated my original post with more info (I'm painfully new here...) but I'm a freelance musician so I don't have an employer who might offer a 401k unfortunately... *living the dream* sigh...