Search found 160 matches

by KingRiggs
Tue Jun 18, 2019 3:33 pm
Forum: Personal Investments
Topic: Investment gift for my 1 year old son
Replies: 11
Views: 1080

Re: Investment gift for my 1 year old son

I’d say 529 absolutely with Grandma’s money. For YOUR future savings, make sure you max out tax-advantaged retirement space first. While it might sound selfish, the best gift you can give that child is not having to support YOU in retirement. Next best gift is a good education, paid for with 529 or ...
by KingRiggs
Sat Jun 15, 2019 6:03 am
Forum: Personal Investments
Topic: Why asset allocation should match market capitalization
Replies: 16
Views: 2350

Re: Why asset allocation should match market capitalization

There ARE two other countries in “North America”, namely Canada and Mexico.

Just FYI... :happy
by KingRiggs
Thu Jun 13, 2019 3:59 pm
Forum: Personal Investments
Topic: New Investor Seeking Advice
Replies: 3
Views: 221

Re: New Investor Seeking Advice

some things you say strike me as odd: - you are not doing a backdoor roth, your combined income is low enough to do a normal roth, in fact I would suggest to do a TIRA for the tax benefit for as long as you can - bonds in roth IRA is not smart. ROTH will be tax free withdrawels in the future, so it...
by KingRiggs
Wed Jun 12, 2019 4:32 pm
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 8550

Re: High net worth individual seeks portfolio advice

With 9M cash and an additional 5-9M pending the sale of your business AND only $80k/year expenses, you can keep that in cash under the mattress and be fine.

Congratulations, you have won the game.

:moneybag
by KingRiggs
Wed Jun 12, 2019 8:31 am
Forum: Personal Investments
Topic: My Retirement "Catch Up" plan. Please help/critique.
Replies: 23
Views: 3309

Re: My Retirement "Catch Up" plan. Please help/critique.

Let me get this right... You realize you're starting late and are behind the game both in knowledge and in retirement funds saved. And you want to go about picking individual stocks based on a hunch/prior performance of 10-30 years instead of doing deep financial analysis like an entire team of act...
by KingRiggs
Tue Jun 11, 2019 10:18 am
Forum: Personal Investments
Topic: 32 yr old daughter's IRAs
Replies: 15
Views: 1143

Re: 32 yr old daughter's IRAs

No offense meant, but why is your 32-year-old daughter in need of you to manage her investments for her?
by KingRiggs
Mon Jun 10, 2019 8:49 am
Forum: Personal Investments
Topic: HSA investment advice
Replies: 25
Views: 2351

Re: HSA investment advice

I am not required to keep any balance in the "checking" portion of my account, so it's all in the invested portion. I DO plan to pay everything out of pocket and let it grow. To safeguard against a medical calamity, I keep one year's maximum out-of-pocket amount in a short-term bond fund, all the re...
by KingRiggs
Mon Jun 10, 2019 8:46 am
Forum: Personal Investments
Topic: Does an Advisors AUM fee also include assets in your 401k that they advise on?
Replies: 24
Views: 2070

Re: Does an Advisors AUM fee also include assets in your 401k that they advise on?

I have a business partner who signed up to work with an advisor who charges him a 0.75% of his NET WORTH. That $50k car he bought costs him an extra $375 just for owning it... Add $50,000 car minus $50,000 cash or new $50,000 car loan = $0 change in net worth. There are wealth managers who will ove...
by KingRiggs
Thu Jun 06, 2019 10:01 am
Forum: Personal Investments
Topic: Does an Advisors AUM fee also include assets in your 401k that they advise on?
Replies: 24
Views: 2070

Re: Does an Advisors AUM fee also include assets in your 401k that they advise on?

I have a business partner who signed up to work with an advisor who charges him a 0.75% of his NET WORTH.

That $50k car he bought costs him an extra $375 just for owning it...

The crazy thing is, he's happier than a pig in slop because the advisor is "making him so much money"... :oops:
by KingRiggs
Tue Jun 04, 2019 9:22 pm
Forum: Personal Investments
Topic: Problem at Vanguard?
Replies: 42
Views: 5248

Re: Problem at Vanguard?

Re: Taylor Larimore response to OP in the thread. The OP asked what would be a reasonable question anywhere in the world except here. Here the orthodoxy is so powerful that the "Dean of the bogleheads" calls the guys reasonable behavior " mind boggling" and it isn't even considered rude or hostile....
by KingRiggs
Thu May 30, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: [Minimizing costs of a medical procedure (Colonoscopy)]
Replies: 85
Views: 10292

Re: [Minimizing costs of a medical procedure (Colonoscopy)]

There are 2 issues here which have been partly resolved. 1. Sedation: I have never chosen to do these without anesthesia but it is an option to just have some gentle sedation and it is done all the time. 2. Prison: they can have any rule they want. You are a free person and can simply say that you ...
by KingRiggs
Tue May 28, 2019 5:57 pm
Forum: Personal Investments
Topic: Vanguard 401k to Vanguard Roth IRA
Replies: 11
Views: 609

Re: Vanguard 401k to Vanguard Roth IRA

It could be the term "rollover" that is causing the confusion.

It sounds like he wants to do a partial conversion of traditional 401k funds to a Roth IRA. Use that language when speaking to the folks at Vanguard and see if it helps clarify things.

Best of luck.
by KingRiggs
Sat May 25, 2019 12:34 pm
Forum: Personal Investments
Topic: Dividend Growth Fund VDIGX
Replies: 14
Views: 1978

Re: Dividend Growth Fund VDIGX

"I am very proud of this fund..."

Unless you are the one picking the stocks in the fund, this seems a bit odd...

Much like sports fans who refer to their favorite team as "we"...

I AM glad you are happy with your investment choice.
by KingRiggs
Wed May 15, 2019 12:53 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 11573

Re: If you are already wealthy, what keeps you motivated?

Someone to share hopes, dreams, and struggles with is priceless at any net worth.

What you describe sounds a bit empty...

Best of fortunes in life to you.
by KingRiggs
Mon May 13, 2019 6:04 pm
Forum: Personal Investments
Topic: Does our adviser hate us - Brokerage Account help please
Replies: 27
Views: 2523

Re: Does our adviser hate us - Brokerage Account help please

$80k split across 13 funds...make my head spin!
by KingRiggs
Mon May 13, 2019 8:28 am
Forum: Personal Investments
Topic: Feedback on house purchase
Replies: 19
Views: 1803

Re: Feedback on house purchase

I would be the pot calling your kettle black if I told you not to pursue the house if it's what you want. Just be aware of the impact a substantially larger house will have on your property taxes, homeowners' insurance, and maintenance. They all add us more than one might expect. Refinancing a few y...
by KingRiggs
Mon May 13, 2019 8:07 am
Forum: Personal Investments
Topic: Parking/Investing $100k in a tax-advantaged manner
Replies: 12
Views: 1047

Re: Parking/Investing $100k in a tax-advantaged manner

If in the highest marginal brackets, might want to also consider Vanguard Municipal Money Market Fund (VMSXX). Current SEC yield is 1.8%, for a tax-equivalent yield of 2.77% in the 35% bracket. Only downside I would see is lack of FDIC insurance, but if Vanguard goes bust, I think we all have more t...
by KingRiggs
Thu Apr 25, 2019 10:26 am
Forum: Personal Investments
Topic: 529 for K-12 in PA
Replies: 4
Views: 214

Re: 529 for K-12 in PA

I can't speak to PA, as I'm in Indiana. With my son a senior in HS, we found ourselves projected to be a bit over-funded with his 529. I used it for tuition at his private HS. Tuition there is greater than $10,000 er school year, but the $10,000 max in our state is interpreted to be per CALENDAR yea...
by KingRiggs
Wed Apr 24, 2019 8:41 pm
Forum: Personal Investments
Topic: Rebalancing Roth ira
Replies: 7
Views: 288

Re: Rebalancing Roth ira

Are there bonds in your target date fund? If so, that’s where they belong. It would be better for your Roth IRA to contain all equities, as they should, in theory, grow more and benefit from the tax treatment of the Roth. If doing that results in a bond percentage of your TOTAL COMBINED portfolio th...
by KingRiggs
Wed Apr 24, 2019 9:15 am
Forum: Personal Investments
Topic: Invest 529 or taxable account?
Replies: 55
Views: 3825

Re: Invest 529 or taxable account?

For most Bogleheads (i.e. white collar earners), the FAFSA is practically meaningless. As stated above, the "aid" the majority of Bogleheads will receive from the federal government will be in the form of loans, not (Pell) grants. Unless a Boglehead has enough money to retire a couple of years prio...
by KingRiggs
Wed Apr 24, 2019 8:28 am
Forum: Personal Investments
Topic: waiting for over 1 year to buy Norfolk Southern!
Replies: 30
Views: 2514

Re: waiting for over 1 year to buy Norfolk Southern!

The great news is that you still own it...as part of your boring index fund... :D
by KingRiggs
Tue Apr 16, 2019 2:40 pm
Forum: Personal Investments
Topic: Newbie 4-years retired investment advice
Replies: 7
Views: 1198

Re: Newbie 4-years retired investment advice

A good read regarding taxes is The Overtaxed Investor by Phil DeMuth.

Sounds like you're well ahead of others in educating yourself. Just make it your part-time job from now on -- learn a little every day. You'll be fine.
by KingRiggs
Tue Apr 16, 2019 10:05 am
Forum: Personal Investments
Topic: Fidelity HSA investing
Replies: 5
Views: 497

Re: Fidelity HSA investing

elcadarj wrote:
Tue Apr 16, 2019 9:36 am
The formula I used was to put the balance into money market funds until it exceeded one year's family out-of-pocket max; then, any balance in excess was invested in funds to match my overall AA.
+1
by KingRiggs
Mon Apr 15, 2019 8:29 am
Forum: Personal Investments
Topic: Schwab international fund
Replies: 9
Views: 683

Re: Schwab international fund

SO, for someone who has a 3-fund portfolio at Schwab in a 401k consisting of SWTSX (Total Stock Index), SWAGX (Aggregate Bond Index) and SWISX (International Fund Index), what ratio of SWISX/SCHE would one shoot for to approximate the holdings of VTIAX? Or is it even worth it? (ie, is SWISX alone "...
by KingRiggs
Mon Apr 15, 2019 8:21 am
Forum: Personal Investments
Topic: Schwab international fund
Replies: 9
Views: 683

Re: Schwab international fund

SO, for someone who has a 3-fund portfolio at Schwab in a 401k consisting of SWTSX (Total Stock Index), SWAGX (Aggregate Bond Index) and SWISX (International Fund Index), what ratio of SWISX/SCHE would one shoot for to approximate the holdings of VTIAX? Or is it even worth it? (ie, is SWISX alone "g...
by KingRiggs
Mon Apr 08, 2019 2:14 pm
Forum: Personal Investments
Topic: 401k Allocation for someone in early 20's
Replies: 18
Views: 1201

Re: 401k Allocation for someone in early 20's

To paraphrase Yoda, "do, or do not". 5% allocation to bonds will not change anything. Either decide you wants bonds in your portfolio and give them a meaningful allocation, or decide you can do without them (for now), and don't. Realize that since this is a tax-advantaged account, there will be no t...
by KingRiggs
Mon Apr 08, 2019 1:03 pm
Forum: Personal Investments
Topic: 401k Allocation for someone in early 20's
Replies: 18
Views: 1201

Re: 401k Allocation for someone in early 20's

If this is truly money you won't be touching for another 35-40 years, there is NO NEED for bonds. Your account balance is so small at this point that even a big downturn in the market will not cost you very much (in fact, you should see it as stocks being on sale!). Do whatever you can to max out yo...
by KingRiggs
Fri Mar 29, 2019 1:39 pm
Forum: Personal Investments
Topic: [Three-Fund Portfolio in a 529 account]
Replies: 6
Views: 543

Re: [Three-Fund Portfolio in a 529 account]

Your risk tolerance is dictated in large part by your time horizon. For retirement, you have a longer horizon, and are tolerant of more risk. Since your college savings time horizon is only 5 years off, your risk tolerance is much less (unless you can cash-flow the expense). If you have arrived at y...
by KingRiggs
Fri Mar 29, 2019 9:05 am
Forum: Personal Investments
Topic: Why would one NOT do Roth Conversions?
Replies: 22
Views: 2759

Re: Why would one NOT do Roth Conversions?

I've always assumed the pro rata rule made backdoor roths a non starter for me. I've got over a mil and a half in pre tax tIRA. These are Roth CONVERSIONS being discussed. Not CONTRIBUTIONS of post-tax dollars via a traditional IRA (so-called Backdoor Roth). Big difference, and the source of a LOT ...
by KingRiggs
Fri Mar 29, 2019 8:51 am
Forum: Personal Investments
Topic: Why would one NOT do Roth Conversions?
Replies: 22
Views: 2759

Re: Why would one NOT do Roth Conversions?

I've always assumed the pro rata rule made backdoor roths a non starter for me. I've got over a mil and a half in pre tax tIRA. These are Roth CONVERSIONS being discussed. Not CONTRIBUTIONS of post-tax dollars via a traditional IRA (so-called Backdoor Roth). Big difference, and the source of a LOT ...
by KingRiggs
Thu Mar 28, 2019 1:51 pm
Forum: Personal Investments
Topic: Back door Roth strategy
Replies: 30
Views: 1682

Re: Back door Roth strategy

the back door roth is so confusing. It might or might not help to understand that there is no such thing as backdoor Roth. It's a shorthand term for two separate processes that result in something like a Roth IRA contribution. 1. Contributing to a traditional IRA. Anyone can do that if there is suf...
by KingRiggs
Thu Mar 28, 2019 10:26 am
Forum: Personal Investments
Topic: My Life in Retirement - Thank You !!
Replies: 30
Views: 4126

Re: My Life in Retirement - Thank You !!

Thank you! It's nice to hear encouraging words from someone who has "seen the mountaintop"!

:happy
by KingRiggs
Thu Mar 28, 2019 10:23 am
Forum: Personal Investments
Topic: Is "NOW" the right time
Replies: 8
Views: 948

Re: Is "NOW" the right time

NOW is the best time to create a Personal Investing Plan, implement it, and stick with it.

I wish you good fortune...
by KingRiggs
Thu Mar 28, 2019 10:21 am
Forum: Personal Investments
Topic: When Will the Momentum Kick In?
Replies: 18
Views: 1436

Re: When Will the Momentum Kick In?

At your stage, your percentage of income saved will be the biggest determining factor. Max out all available places to stash money as best you can. I was 100% equities putting in max amounts, and it took about 15 years before I started to notice that I was sometimes making more in a month in my 401k...
by KingRiggs
Thu Mar 28, 2019 9:54 am
Forum: Personal Investments
Topic: Schwab Investing Advice
Replies: 5
Views: 587

Re: Schwab Investing Advice

Converting to a 3 fund porftolio (or as close as possible). My 401k is stuck with Schwab, so I'd like to mirror the traditional total market/international market/bond market funds that people recommend. Was hoping to get people's recommendations for those type of funds at Schwab. Also, should I go ...
by KingRiggs
Mon Mar 25, 2019 7:54 pm
Forum: Personal Investments
Topic: Charles Schwab Funds
Replies: 21
Views: 2864

Re: Charles Schwab Funds

the wiki lists equivalent funds for schwab, fidelity, and others: https://www.bogleheads.org/wiki/Three-f ... head-style Schwab Total Stock Market Index (SWTSX) Schwab International Index (SWISX) Schwab U.S. Aggregate Bond Index Fund (SWAGX) +1 + 2. -2 just kidding. That's ok but not ideal. First (...
by KingRiggs
Fri Mar 22, 2019 6:16 pm
Forum: Personal Investments
Topic: Tax reporting for back-door Roth
Replies: 5
Views: 271

Re: Tax reporting for back-door Roth

The CONVERSION is reported in the year it was CONVERTED, not the calendar year for which the CONTRIBUTION was made. Easy to confuse the two...
by KingRiggs
Thu Mar 21, 2019 7:42 pm
Forum: Personal Investments
Topic: Creative Planning- Anyone know fee structure?
Replies: 2
Views: 529

Re: Creative Planning- Anyone know fee structure?

Thanks!

For those unable/unwilling to click on link, they are AUM: 1.2% on first $500k, 1% on $500k-$2M, 0.8% and decreasing above that....

No wonder they have $$ to advertise on national tv during March Madness! :shock: :moneybag
by KingRiggs
Thu Mar 21, 2019 6:49 pm
Forum: Personal Investments
Topic: Creative Planning- Anyone know fee structure?
Replies: 2
Views: 529

Creative Planning- Anyone know fee structure?

Watching lots of March Madness today, and seeing lots of ads for "Creative Planning (creativeplanning.com). Looked at their website. Lots of references to "we don't sell investments"and "you'll know exactly what you're paying for our investment advice". but could not find anywhere on their site exac...
by KingRiggs
Wed Mar 20, 2019 1:49 pm
Forum: Personal Investments
Topic: Unemployed Spouse IRA Contributions
Replies: 6
Views: 539

Re: Unemployed Spouse IRA Contributions

You can make a spousal contribution to her IRA as long as you have enough earned income to cover contributions to your AND her accounts.

This is most likely the case.
by KingRiggs
Wed Mar 20, 2019 7:25 am
Forum: Personal Investments
Topic: 529 plan question: When did you change to more conservative AA?
Replies: 36
Views: 1877

Re: 529 plan question: When did you change to more conservative AA?

I am fortunate to have a high enough income that I could have paid for college out of pocket, so I could afford to be more aggressive with my investment choices in the 529 plans. I contributed yearly until the kids were about 10, 100% in equities. Stopped when I hit about 100k each. At start of High...
by KingRiggs
Tue Mar 19, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 139
Views: 13425

Re: Are RMDs that bad if you're not an over-saver?

The tax bill has to come due some day. At least there were (hopefully) years of tax-deferred growth. Nothing says you have to spend your RMD. It's just your time to pay the tax man and move the investment to a different account... That being said, some simple efforts allow you to mitigate or at leas...
by KingRiggs
Mon Mar 18, 2019 10:37 am
Forum: Personal Investments
Topic: Allocation - No Bonds yet, but they seem like a bad deal. - 38yo
Replies: 41
Views: 2620

Re: Allocation - No Bonds yet, but they seem like a bad deal. - 38yo

If you really plan to act on the "RE" part of FIRE, you would be wise to consider allocating a portion of your investments to bonds. You don't allocate to them for yield, you use them for stability.

Once one retires, it's really painful to see the nest egg take a 50% haircut...
by KingRiggs
Mon Mar 18, 2019 9:04 am
Forum: Personal Investments
Topic: Advice for Post-Tax Investing. 34 years old. Thanks!
Replies: 7
Views: 909

Re: Advice for Post-Tax Investing. 34 years old. Thanks!

If you do invest in VTSAX in a Roth IRA, you may wish to invest in something similar but not identical in your taxable brokerage account (S&P 500, for example). This would allow you to tax-loss harvest without worrying about wash sales. Further info on TLH is in the Wiki.
by KingRiggs
Sun Mar 17, 2019 8:29 pm
Forum: Personal Investments
Topic: Vanguard: "Your Account Needs to be Transitioned"
Replies: 27
Views: 4698

Re: Vanguard: "Your Account Needs to be Transitioned"

First time poster, long time lurker. My background: male, age 63, recently retired, Vanguard customer for 27 years, IRAs of 1.3M+ I just received this email from Vanguard Flagship Services titled "YOUR ACCOUNT NEEDS TO BE TRANSITIONED". I've never had such a message from them before. They are telli...
by KingRiggs
Sun Mar 17, 2019 8:20 pm
Forum: Personal Investments
Topic: Mourning the loss of savings rate
Replies: 38
Views: 4389

Re: Mourning the loss of savings rate

With three kids at home, you’ll probably WANT to work longer just to get out of the house! Trust me, I’ve been there... :sharebeer
by KingRiggs
Fri Mar 15, 2019 2:05 pm
Forum: Personal Investments
Topic: Roth IRA Money Market Funds-Liquid or Non-Liquid?
Replies: 6
Views: 205

Re: Roth IRA Money Market Funds-Liquid or Non-Liquid?

Many on this Forum consider them to be liquid and count Roth funds as part of their emergency fund...

The question of whether you SHOULD withdraw money from a Roth before 59 1/2 is another matter.
by KingRiggs
Fri Mar 15, 2019 1:57 pm
Forum: Personal Investments
Topic: Help Choosing 401K Elections
Replies: 11
Views: 328

Re: Help Choosing 401K Elections

You have nice funds from which to choose.

The only bummer is the 0.5% Advisor Compensation fee...Since you're coming here for advice, either they Advisor isn't pulling their weight, or you owe us all 0.5%! :beer