Search found 278 matches

by KingRiggs
Tue Nov 12, 2019 8:29 am
Forum: Personal Investments
Topic: Is it a good time to transfer my inflation protected securities balance to the S&P 500
Replies: 20
Views: 1541

Re: Is it a good time to transfer my inflation protected securities balance to the S&P 500

I don't think the problem is with your investment choices, it lies in your savings rate. Until that increases via increased income or decreased spending, you're basically just treading water...

Best of fortunes in the years ahead.
by KingRiggs
Mon Nov 11, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Cleaning my (Financial) House
Replies: 8
Views: 1062

Cleaning my (Financial) House

After reading several posts about people dealing with older parents and the tangled messes they are forced to clean up (complex finances, old records, multiple years' tax returns), I'm trying to get clear in my mind what I should assemble and what I should eliminate in order to make managing my affa...
by KingRiggs
Sun Nov 10, 2019 7:54 am
Forum: Personal Investments
Topic: How do I invest a 529 for both now & later?
Replies: 10
Views: 654

Re: How do I invest a 529 for both now & later?

I would try, to the greatest extent possible, to pay the K-8 years with cash flow only. This is, in a way, what you are doing anyway since the money you’ll be withdrawing in those early years has very little time to grow. When we started our 529s for our kids now in college, there was no option to p...
by KingRiggs
Sat Nov 09, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: shocking hospital fee estimate
Replies: 45
Views: 3948

Re: shocking hospital fee estimate

Triple check that EVERYTHING is going to be in your network. The other risk is that your anesthesiologist calls in sick the morning of the surgery and another anesthesiologist stands in. EXCEPT this doctor is not in your network, now you get to pay the $3k that you thought would be $2k PLUS an out ...
by KingRiggs
Sat Nov 09, 2019 4:30 pm
Forum: Personal Investments
Topic: HSA Question
Replies: 11
Views: 777

Re: 529 Question

Might want to edit post title.
by KingRiggs
Fri Nov 08, 2019 12:14 pm
Forum: Personal Investments
Topic: How much is too much in an HSA?
Replies: 51
Views: 4210

Re: How much is too much in an HSA?

Since you can use it as a pretax IRA in the very worst case scenario, I would say you can never have too much. Keep in mind you can use it for Medicare premiums and Long Term Care insurance. Huh? It can only be used for qualified medical expenses. How is it a pretax ira? HSA withdrawals for non-med...
by KingRiggs
Fri Nov 08, 2019 11:41 am
Forum: Personal Investments
Topic: Asset Allocation for my 30 yr old daughter
Replies: 13
Views: 939

Re: Asset Allocation for my 30 yr old daughter

Respectfully, at their age it is the perfect time to learn about investing and asset allocation for THEMSELVES. I would gift them a copy of the Bogleheads Guide to Investing and tell them you are happy to discuss it with them AFTER they have read it, but that their AA is up to them. Best of fortune ...
by KingRiggs
Fri Nov 08, 2019 11:34 am
Forum: Personal Investments
Topic: 529 plan with State Tax deduction
Replies: 18
Views: 623

Re: 529 plan with State Tax deduction

Hello I am in Michigan. I get a tax break of 4.25% state tax for my 529 plan contributions. My goal is to pay for my child college education. I see that many have suggested not to invest in 529 plan. I do not understand the real reason behind it. Can you please let me know why I should be investing...
by KingRiggs
Fri Nov 08, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: HSA, 1 account, spouse turning 55
Replies: 12
Views: 568

Re: HSA, 1 account, spouse turning 55

Thanks for above info, cas. Good to know.

So with the HDHP in my name but spouse covered as part of the family, it's as simple as opening an HSA in her name and adding her catch-up (and whatever portion of our family contribution we choose)?
by KingRiggs
Fri Nov 08, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: HSA, 1 account, spouse turning 55
Replies: 12
Views: 568

Re: HSA, 1 account, spouse turning 55

It's a shame they can't streamline this and just allow the extra catch-up contribution to go into the shared account. My wife will be eligible a year before me, but I'm not sure it's worth opening another HSA to capture that...
by KingRiggs
Fri Nov 08, 2019 9:12 am
Forum: Personal Investments
Topic: taxation when rebalancing??
Replies: 14
Views: 915

Re: taxation when rebalancing??

Hold tax-efficient equity funds in your taxable accounts, and change your tax-advantaged accounts from target-date funds to a mix of index equity and bond funds. Then you can rebalance entirely within your tax-advantaged space. Works well unless your AA and the size of your accounts dictate that you...
by KingRiggs
Fri Nov 08, 2019 8:50 am
Forum: Personal Investments
Topic: Is a $36 fee per year worth paying on my HSA so that money can grow in the market?
Replies: 21
Views: 1741

Re: Is a $36 fee per year worth paying on my HSA so that money can grow in the market?

I transferred HSA from HealthEquity to Fidelity. NO medallion neeed. There was printed paperwork, I dropped it off at a Fidelity branch. +1 to this. Was happy with my HSA through HSA Authority until I heard about no-fee Fidelity HSA. Transfer was easy, although it took about a week due to slowness ...
by KingRiggs
Thu Nov 07, 2019 4:15 pm
Forum: Personal Investments
Topic: How much is too much in an HSA?
Replies: 51
Views: 4210

Re: How much is too much in an HSA?

Since a recent study showed that an average married couple can spend up to $250k on healthcare in retirement, I'd say just keep socking it away.
by KingRiggs
Thu Nov 07, 2019 4:02 pm
Forum: Personal Investments
Topic: Retirement
Replies: 21
Views: 2705

Re: Retirement

Physician here, too. You really aren't that far behind, even with the late medical school. I went into practice at 30 having not started any retirement savings at all. Your large yearly contributions to tax-deferred and (hopefully) taxable investments will quickly dwarf what you would have contribut...
by KingRiggs
Thu Nov 07, 2019 1:44 pm
Forum: Personal Investments
Topic: Long-term disability insurance attorney to review policy
Replies: 12
Views: 577

Re: Long-term disability insurance attorney to review policy

Disability policies are not usually that complicated. You should be able to answer your questions with a reading of the policy. Not sure an attorney (at $300+ per hour) is needed...

Best of fortune to you.
by KingRiggs
Thu Nov 07, 2019 8:40 am
Forum: Personal Investments
Topic: Backdoor Roth left a few dollars in traditional IRA does this cause pro rata??
Replies: 15
Views: 784

Re: Backdoor Roth left a few dollars in traditional IRA does this cause pro rata??

In the future, when doing your backdoor Roth conversion (conversion from tIRA to Roth IRA), see if you can specify to convert the "total balance" instead of a set dollar amount. This avoids the little crumbs left over in your tIRA after the conversion. It's also easier if you keep the tIRA funds on ...
by KingRiggs
Wed Nov 06, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 92
Views: 6887

Re: Turbotax 2019 on Amazon

There is zero reason to buy anything more than Deluxe for nearly everyone. Price will drop to around $30 and last year they had a $10 cash card. I set an alert in camelcamelcamel Have not used TurboTax before, but I was under the impression that I needed Premier if I have K1 income. Is that not acc...
by KingRiggs
Wed Nov 06, 2019 3:05 pm
Forum: Personal Investments
Topic: VTSAX vs Target Retirement Date vs Lazy 3 Fund...
Replies: 14
Views: 1451

Re: VTSAX vs Target Retirement Date vs Lazy 3 Fund...

If you are truly going to invest that amount per year, you will have about $6M with NO EARNINGS AT ALL in 30 years.... Unless your anticipated expenses in retirement are astronomical, you could take very little risk and be just fine.... Others will chime in with their input, but anything between 30%...
by KingRiggs
Tue Nov 05, 2019 4:38 pm
Forum: Personal Investments
Topic: What's the Best Investment in Your Opinion?
Replies: 23
Views: 2308

Re: What's the Best Investment in Your Opinion?

NotTooDeepLearning wrote:
Mon Nov 04, 2019 6:19 pm
The best investment you could make is investing time to research the boglehead philosophy.
^ This, times about 1,000. Read the Wiki, as much as possible....

Best of fortunes to you.
by KingRiggs
Tue Nov 05, 2019 2:35 pm
Forum: Personal Investments
Topic: Portfolio Review
Replies: 12
Views: 842

Re: Portfolio Review

You will receive more replies and more thoughtful replies by listing the actual fund names and their expense ratios. Most of us do not have an encyclopedic knowledge of fund abbreviations or the inclination to Google them.

Best of fortune!
by KingRiggs
Tue Nov 05, 2019 2:13 pm
Forum: Personal Investments
Topic: Asset allocation and retirement income
Replies: 7
Views: 511

Re: Asset allocation and retirement income

Welcome! 70/30 seems quite risky in retirement. Even with the nice pensions. I would probably do 50-50 or 60-40 max. The biggest risk is this first year or 2. Because taxable money is pretty flexible for spending, I probably wouldn't want 100% stocks in taxable in retirement. Using an Intermediate-...
by KingRiggs
Mon Nov 04, 2019 2:09 pm
Forum: Personal Investments
Topic: What goes into Vanguards "Investment Returns"?
Replies: 10
Views: 1031

Re: What goes into Vanguards "Investment Returns"?

Not sure why Vanguard plasters that number so prominently on their app, as it means very little.

My advice is just to scroll past it as quickly as possible. :beer
by KingRiggs
Sun Nov 03, 2019 3:40 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7322

Re: Worried I am getting addicted to individual stocks.

I don’t have the time, energy, or inclination to research, but, and track individual stocks.

But you do you. Only several years will tell if your approach was “right”. Sincerely wish you the best of fortunes.
by KingRiggs
Sun Nov 03, 2019 7:34 am
Forum: Personal Investments
Topic: Monthly Dividends
Replies: 16
Views: 2166

Re: Monthly Dividends

"Have you noticed that the share price of these stocks drops by the same amount as the dividend, such that one has the same total dollar amount before and after the dividend?" I have been monitoring especially MAIN this year - the stock drops for 1 day then recovers higher thru the next week. I sta...
by KingRiggs
Thu Oct 31, 2019 1:09 pm
Forum: Personal Investments
Topic: What to do with RMDs?
Replies: 21
Views: 2290

Re: What to do with RMDs?

Put it all in a low-cost total stock market fund in a taxable account. On their demise the children will get the stepped-up cost basis.

I would hope that at the age their (adult) children have reached, they wouldn't need much, if any, financial help.
by KingRiggs
Thu Oct 31, 2019 1:06 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 304
Views: 18243

Re: Holding bonds vs 100% equities

I would (and did) do the exact opposite. Once the emergency fund was in place, 100% equities until at least mid-30s. :sharebeer
by KingRiggs
Thu Oct 31, 2019 11:08 am
Forum: Personal Investments
Topic: Mortgage or Bonds at 50 !
Replies: 36
Views: 2672

Re: Mortgage or Bonds at 50 !

@admiral: I understand your concern !!! I'm just speaking about my IRA here. I have way more saved in 401k, regular brokage account, etc ... I did not want to add too much information, and only focus about my IRA allocation, and just want to know if it is better to invest in BONDs (around $7000/$10...
by KingRiggs
Thu Oct 31, 2019 11:05 am
Forum: Personal Investments
Topic: opinion, IA upset moving assets to Vanguard
Replies: 26
Views: 1932

Re: opinion, IA upset moving assets to Vanguard

I was in your shoes last January. Just do it. Even 45 basis points will add up to a HUGE annual amount as your portfolio grows. Transfer it all to Vanguard, and let Vanguard pull the funds. Send a nice letter thanking your AI for his past service. In the tax-advantaged accounts, rip that bandaid off...
by KingRiggs
Wed Oct 30, 2019 12:13 pm
Forum: Personal Investments
Topic: Afraid to take the leap
Replies: 42
Views: 5086

Re: Afraid to take the leap

I think it's like getting ready for a New York to LA drive, and worrying about whether you leave now or in 15 minutes...won't matter much in the end. The SINGLE BIGGEST DETERMINANT of what balance you end up with is NOT your asset allocation, but your savings rate. Max that out, and all else will ta...
by KingRiggs
Tue Oct 29, 2019 3:07 pm
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 8325

Re: 529/son got accepted to medical school whahoooo!

Son just got accepted to medical shool this week. Due to an incredible investing education learned on this board, I have enough money in a 529 to pay for all four years. He earned his way through college with scholarships and working. It is currently 90 percent in stocks and 10 percent bonds. Shoul...
by KingRiggs
Mon Oct 28, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: Insights into phishy email about apparently genuine order and shipment?
Replies: 5
Views: 689

Re: Insights into phishy email about apparently genuine order and shipment?

Some German businessman working in Mumbai has registered for a food delivery service with a Gmail email address, but he mis-spelled it and now all the emails come to me! I get to see what junk food he has ordered for delivery every night. Seems that he likes pizza or KFC primarily... Delivery compan...
by KingRiggs
Mon Oct 28, 2019 4:10 pm
Forum: Personal Consumer Issues
Topic: Universal Orlando for 4 days
Replies: 27
Views: 1255

Re: Universal Orlando for 4 days

4 days may be overkill at Universal. With the highest-level VIP Pass (the one that lets you ride as many repeats as you wish), I think we had done everything we wanted several times over in two days. Traveling at that time of year you should be fine, but we had a NIGHTMARE during Spring Break time a...
by KingRiggs
Mon Oct 28, 2019 2:42 pm
Forum: Personal Investments
Topic: $930,000 new money to invest
Replies: 35
Views: 3789

Re: $930,000 new money to invest

Just drawing an inference from your 100% equity AA, it would appear that your risk tolerance is high and time horizon is long. If those are indeed the case, then lump-sum is the answer. If you don't have a fully-funded Emergency Fund or carry a mortgage with a rate in the high 3s or above, it might ...
by KingRiggs
Mon Oct 28, 2019 10:51 am
Forum: Personal Investments
Topic: Question about Traditional IRA
Replies: 17
Views: 1051

Re: Question about Traditional IRA

@maryannesk, The below link provides Form 8606 PDF forms going back to 1987. https://apps.irs.gov/app/picklist/list/priorFormPublication.html?indexOfFirstRow=0&sortColumn=sortOrder&value=8606&criteria=formNumber&resultsPerPage=25&isDescending=true If you really have records of which years you made ...
by KingRiggs
Mon Oct 28, 2019 10:05 am
Forum: Personal Investments
Topic: Prioritizing various tax deferred accounts with new baby (403b, ira, 529)
Replies: 12
Views: 605

Re: Prioritizing various tax deferred accounts with new baby (403b, ira, 529)

While I would agree that retirement savings should take priority and the 529 would be the first thing to go, that might be tempered by the fact that your state might offer a nice tax incentive for the 529 (We in Indiana get a 20% state tax credit for contributions up to $1,000 credit/year). To me th...
by KingRiggs
Mon Oct 28, 2019 9:31 am
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4308

Re: Do You Pay For Financial Advice?

I think a distinction needs to be made between "Financial Advice" and "Investment Advice". As one's overall financial picture gets more complicated (higher assets, looming retirement, planning for Roth conversions between retirement and drawing SS), I think it's completely reasonable to pay for "Fin...
by KingRiggs
Thu Oct 24, 2019 2:42 pm
Forum: Personal Investments
Topic: How to invest $1,500 in a higher risk fund?
Replies: 12
Views: 844

Re: How to invest $1,500 in a higher risk fund?

Is there a way to use it to increase your "human capital"? Education towards a job promotion/change, for example? At your stage of life, sometimes these investments in YOURSELF pay off the most over a lifetime...
by KingRiggs
Thu Oct 24, 2019 12:38 pm
Forum: Personal Investments
Topic: Am I eligible for an HSA??
Replies: 22
Views: 1217

Re: Am I eligible for an HSA??

You can stay on your parent’s plan until 26 but you don’t have to. If you have your own HSA-eligible coverage through work, you can be dropped from your parent’s plan and open an HSA. I'm wondering... in regard to your comment and having my own HSA, that's not free is it? Would I have to pay for my...
by KingRiggs
Mon Oct 21, 2019 8:25 pm
Forum: Personal Investments
Topic: Best way to save for kids and protect from creditors
Replies: 10
Views: 1406

Re: Best way to save for kids and protect from creditors

I suppose that’s why there is a maximum yearly out-of-pocket. I try to keep twice that amount as part of my emergency fund, in addition to about 6 months expenses.

Hopefully a sound financial footing will allow you to move past your worries...
by KingRiggs
Wed Oct 16, 2019 12:54 pm
Forum: Personal Investments
Topic: Cash basically sitting uninvested. What to do?
Replies: 40
Views: 3630

Re: Cash basically sitting uninvested. What to do?

hap_ca wrote:
Wed Oct 16, 2019 12:51 pm
KingRiggs wrote:
Wed Oct 16, 2019 10:10 am
A Haiku:

"I know it's market timing
But maybe I'm smart enough?
I hold cash, waiting..."
Haikus are 5/7/5 :happy
Dang...I was counting sylables and everything...

How about:

Market timing, yes.
But maybe I'm smart enough?
I hold cash, waiting...
by KingRiggs
Wed Oct 16, 2019 10:10 am
Forum: Personal Investments
Topic: Cash basically sitting uninvested. What to do?
Replies: 40
Views: 3630

Re: Cash basically sitting uninvested. What to do?

A Haiku:

"I know it's market timing
But maybe I'm smart enough?
I hold cash, waiting..."
by KingRiggs
Thu Oct 10, 2019 3:54 pm
Forum: Personal Investments
Topic: tIRA to backdoor Roth but missed 60 day conversion
Replies: 53
Views: 2096

Re: tIRA to backdoor Roth but missed 60 day conversion

I really don’t have anything to contribute beyond the help the OP is receiving.

I just want anyone who is reading this thread to appreciate the patience and effort that retiredjg and lakpr have put into trying to assist this poster.

As Jessie Pinkman would say, “Respect, yo.”
by KingRiggs
Wed Oct 09, 2019 3:48 pm
Forum: Personal Investments
Topic: Does transferring taxable account have bad tax consequences.
Replies: 22
Views: 1065

Re: Does transferring taxable account have bad tax consequences.

May I ask, OP, what your motivation was to change from Vanguard to M1 in the first place? People on this forum might be able to shed light on whether this switch will actually accomplish what you desire. You haven't seen his edit to the original post. He wants to follow HEDGEFUNDIE's excellent adve...
by KingRiggs
Wed Oct 09, 2019 3:13 pm
Forum: Personal Investments
Topic: Does transferring taxable account have bad tax consequences.
Replies: 22
Views: 1065

Re: Does transferring taxable account have bad tax consequences.

May I ask, OP, what your motivation was to change from Vanguard to M1 in the first place? People on this forum might be able to shed light on whether this switch will actually accomplish what you desire.
by KingRiggs
Wed Oct 09, 2019 2:08 pm
Forum: Personal Investments
Topic: tIRA to backdoor Roth but missed 60 day conversion
Replies: 53
Views: 2096

Re: tIRA to backdoor Roth but missed 60 day conversion

Man, I wish people would read up on the backdoor Roth process before they take the plunge...

So many good resources out there that spell out all the required steps and pitfalls to avoid...

And such a mess to untangle if done improperly!
by KingRiggs
Wed Oct 09, 2019 1:55 pm
Forum: Personal Investments
Topic: Implementing Investment Strategy
Replies: 10
Views: 693

Re: Implementing Investment Strategy

May I suggest googling “If You Can”, an excellent, short pdf on saving and investing, geared towards younger investors. It might give you a rough framework from which to work. Congratulations on starting down this path at an early age. You are light-years ahead of many of your peers. Continue to rea...
by KingRiggs
Sun Oct 06, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Tax guy my mom hired has me paying suspiciously high tax on investments
Replies: 46
Views: 6556

Re: Tax guy my mom hired has me paying suspiciously high tax on investments

The money is in a trust. Ergo, it is not yours (yet). Ergo, you have no power or right to determine how it is invested or managed. When it becomes yours, you can do as you wish. Your mother as trustee and the people managing the trust are just following the mandates of the trust. Other than to vent,...
by KingRiggs
Thu Oct 03, 2019 8:06 pm
Forum: Personal Consumer Issues
Topic: Recommendation for Carry on Luggage
Replies: 64
Views: 4255

Re: Recommendation for Carry on Luggage

A bit on the pricey side, but they are bomb-proof, incredibly well-designed, and made in the USA: Tom Bihn (https://www.tombihn.com/). The Aeronaut 30 would be perfect for you. I used its larger sibling (Aeronaut 45) for 2 weeks in Europe. While not a roller bag, it can be carried like a briefcase,...
by KingRiggs
Thu Oct 03, 2019 1:25 pm
Forum: Personal Consumer Issues
Topic: Recommendation for Carry on Luggage
Replies: 64
Views: 4255

Re: Recommendation for Carry on Luggage

A bit on the pricey side, but they are bomb-proof, incredibly well-designed, and made in the USA: Tom Bihn (https://www.tombihn.com/). The Aeronaut 30 would be perfect for you. I used its larger sibling (Aeronaut 45) for 2 weeks in Europe. While not a roller bag, it can be carried like a briefcase, ...
by KingRiggs
Thu Oct 03, 2019 10:21 am
Forum: Personal Investments
Topic: 100% Stock too Aggressive in 401k Plan?
Replies: 40
Views: 2483

Re: 100% Stock too Aggressive in 401k Plan?

Keep calm and invest on...100% stocks is perfectly fine at your age and stage.

Great job starting early, btw!