Search found 46 matches

by BogBod
Sun Nov 03, 2019 9:16 am
Forum: Personal Consumer Issues
Topic: Peninsula de Oso, Costa Rica
Replies: 2
Views: 331

Re: Peninsula de Oso, Costa Rica

+1 for Bosque del Cabo
Book FAR in advance
by BogBod
Sat Nov 02, 2019 7:37 am
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 14
Views: 1848

Re: Costa Rica

We have always started our trip in La Fortuna and then ended on the Pacific Coast. The rationale was to do the active stuff (ziplining, hiking, waterfall rappelling, etc. first and then relaxing on the beaches (although ending a trip relaxing at Tabacon would be mighty nice). Osa is the immersive na...
by BogBod
Thu Apr 25, 2019 8:44 pm
Forum: Personal Investments
Topic: CDSC versus high expense ratio
Replies: 8
Views: 400

CDSC versus high expense ratio

Glad also for your validation of the thought of that I should go ahead with the rollover to the traditional IRA as soon as possible. And I very much like the idea of having money that does go into the SIMPLE land in the lowest expense ratio money market fund until a time when I can make the transfe...
by BogBod
Thu Apr 25, 2019 7:40 pm
Forum: Personal Investments
Topic: CDSC versus high expense ratio
Replies: 8
Views: 400

Re: 12b-1 fee versus high expense ratio

Although the 12b-1 fees are listed separately, they are included in the expense ratio, so you shouldn't add the two fees together. I would certainly transfer the remaining funds that have ERs of 1.6% to 2% to your tIRA! You are allowed to make repeated transfers and I would do a transfer to your tI...
by BogBod
Thu Apr 25, 2019 7:36 pm
Forum: Personal Investments
Topic: CDSC versus high expense ratio
Replies: 8
Views: 400

Re: 12b-1 fee versus high expense ratio

all else being equal (i.e., comparable funds between two plans), it's better to pay less in fees... that being said, you're saying 12b-1 fee (of 1%) vs. max 2%. But the 12b-1 fee is separate from and in addition to an expense ratio. source: https://www.investopedia.com/terms/c/cshare.asp So it's mo...
by BogBod
Thu Apr 25, 2019 6:55 pm
Forum: Personal Investments
Topic: CDSC versus high expense ratio
Replies: 8
Views: 400

CDSC versus high expense ratio

Heeding the advice of folks here, earlier this year I rolled money out of high expense ratio funds that were in a Fidelity Advisor SIMPLE IRA (Class C) situation, and now have those funds in a tIRA at Fidelity (Retail side) in a three fund portfolio. To avoid the 12b-1 fee (1%), I rolled over all th...
by BogBod
Thu Apr 25, 2019 6:26 pm
Forum: Personal Investments
Topic: Investment advice for $800,000 age 62
Replies: 24
Views: 3483

Re: Investment advice for $800,000 age 62

OP, you shouldn't have a lot of stocks if you plan to retire in 5 years. If you lose 20% of your portfolio, your financial life will have some issues. You should probably run some projected budget numbers and first figure out how much you can lose before your retirement plan is destroyed. Some peop...
by BogBod
Fri Mar 22, 2019 7:32 pm
Forum: Personal Consumer Issues
Topic: When your responsibility to your children ends?
Replies: 76
Views: 7583

Re: When your responsibility to your children ends?

Many of us feel it is our responsibility or obligation to support our children. But when do you consider that responsibility is fully fulfilled, so that you can have a worry-free retirement? (1) When they went off to colleges; (2) When they finished colleges and you paid all their educational expen...
by BogBod
Thu Mar 21, 2019 8:40 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 13762

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Taylor has another +1 here. When my partners and I started our business 12 years ago, in addition to other salaried compensation, we were able to take $800 per month distributions (it's more complicated than that, but not necessary for the purposes of this post). One partner leased a Mercedes with ...
by BogBod
Thu Mar 21, 2019 6:10 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 13762

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Taylor has another +1 here. When my partners and I started our business 12 years ago, in addition to other salaried compensation, we were able to take $800 per month distributions (it's more complicated than that, but not necessary for the purposes of this post). One partner leased a Mercedes with t...
by BogBod
Sun Mar 17, 2019 9:26 am
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 8921

Re: Am I being cheap? Wife wants a minivan, but I want to hold off

And even as a person who has driven several cars into the ground (and have appreciated that challenge both for frugality and also the reduced impact on the environment from reduced car turnovers and therefore less junk in the junk yards) , I have concluded that ten years is the sweet spot for older ...
by BogBod
Thu Mar 14, 2019 1:04 pm
Forum: Personal Investments
Topic: SIMPLE IRA to tIRA
Replies: 7
Views: 310

Re: SIMPLE IRA to tIRA

As for getting out of the advisor SIMPLE and into a regular retail SIMPLE, you (and your partners) should realize that the SIMPLE IRA is designed to be administered by the employer, and an “advisor” is not necessary. The IRS has an informative FAQ on the SIMPLE: https://www.irs.gov/retirement-plans...
by BogBod
Thu Mar 14, 2019 12:48 pm
Forum: Personal Investments
Topic: SIMPLE IRA to tIRA
Replies: 7
Views: 310

Re: SIMPLE IRA to tIRA

In your previous thread you mentioned you are in NY state. Are you aware that K-12 teachers have access to a state-run 457 plan? This can be used in addition to her Vanguard 403b plan. It is very low-cost and 457 plans have a unique distribution rule. Upon separation from the employer, penalty-free...
by BogBod
Thu Mar 14, 2019 11:35 am
Forum: Personal Investments
Topic: SIMPLE IRA to tIRA
Replies: 7
Views: 310

Re: SIMPLE IRA to tIRA

Would I be able to transfer money out of the SIMPLE IRA multiple times in a year or only a limited number of times (until we can switch to a Retail side SIMPLE IRA)? Multiple times, for instance monthly. Your previous thread has covered some of this: https://www.bogleheads.org/forum/viewtopic.php?f...
by BogBod
Thu Mar 14, 2019 10:34 am
Forum: Personal Investments
Topic: SIMPLE IRA to tIRA
Replies: 7
Views: 310

SIMPLE IRA to tIRA

This is a bit of a follow up on an earlier post. I am trying to learn quickly and become better educated. Two months ago or so, in a pause from the whirlwind of life, I realized just how poorly my Class C shares were doing in Fidelity Advisor fund set up when my partners and I started our business i...
by BogBod
Thu Jan 31, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 27552

Re: Cost of college and 529

I am currently planning on 60k per year (240k total). My wife went to an expensive private university and wants the munchkin to go there too (roughly 50k per year, at current rates). I want her to go to in state public (we have several good schools), which would be less. Of course, she starts in ab...
by BogBod
Thu Jan 31, 2019 3:16 pm
Forum: Personal Investments
Topic: Omni403b question
Replies: 8
Views: 451

Re: Omni403b question

Very helpful. Thanks much.
by BogBod
Thu Jan 31, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 27552

Re: Cost of college and 529

Having just done the college thing this past year, with a son who applied to in-state public colleges, out-of-state public colleges, out-of-state private colleges, we found: 1) The elite of the elite colleges do cost $65-$75K per year now, and have little need to provide merit based aid. The 1400 SA...
by BogBod
Thu Jan 31, 2019 11:14 am
Forum: Personal Investments
Topic: Keeping Track / Seeing Impact of Fees
Replies: 15
Views: 886

Re: Keeping Track / Seeing Impact of Fees

I think Livesoft made some great analogies. We consumers know what products cost by the posted prices. For mutual funds, it's the ER. Vanguard Total Stock Market Index fund costs .04% on whatever balance you hold. If you hold $100,000 then the cost is $40 per year, which is deducted from the share ...
by BogBod
Thu Jan 31, 2019 10:31 am
Forum: Personal Investments
Topic: Keeping Track / Seeing Impact of Fees
Replies: 15
Views: 886

Re: Keeping Track / Seeing Impact of Fees

Vanguard and Fidelity are actually some of the good guys in the industry. The way fees are disclosed is a matter of regulation and law. It is done in a uniform manner so you can compare expenses and other critical information between different mutual funds. The SEC requires all fees and expenses to...
by BogBod
Thu Jan 31, 2019 8:40 am
Forum: Personal Investments
Topic: Keeping Track / Seeing Impact of Fees
Replies: 15
Views: 886

Re: Keeping Track / Seeing Impact of Fees

For a Vanguard or Fidelity account where you are holding mutual funds, the charges won't be shown explicitly as a separate charge. The mgt fees are taken out of the fund daily and don't show up on your statements as a separate charge. Thanks for confirming what I thought. Seems mighty sketchy to me...
by BogBod
Thu Jan 31, 2019 8:32 am
Forum: Personal Investments
Topic: Keeping Track / Seeing Impact of Fees
Replies: 15
Views: 886

Keeping Track / Seeing Impact of Fees

I am having a hard time deciphering and decoding the information presented online by financial institutions and/or the information provided on quarterly/annual/any statements to identify the costs and fees that I am incurring for management of mutual funds. I am having this trouble both at the Fidel...
by BogBod
Wed Jan 30, 2019 8:25 am
Forum: Personal Investments
Topic: Omni403b question
Replies: 8
Views: 451

Re: Omni403b question

Am I understanding correctly? Within the 403b, different mutual fund companies (Vanguard, Fidelity, etc) charge different annual or quarterly fees? Thanks.
by BogBod
Tue Jan 29, 2019 9:59 pm
Forum: Personal Investments
Topic: Omni403b question
Replies: 8
Views: 451

Re: Omni403b question

Thank you so much for sharing your opinions.
by BogBod
Tue Jan 29, 2019 9:43 pm
Forum: Personal Investments
Topic: Omni403b question
Replies: 8
Views: 451

Re: Omni403b question

I have researched Omni in the past. They are actually hired by school districts to be a third party administrator. They make their money by charging a fee per employee to the employer for every participant using the 403b plans. They insure that IRS regulations are met. What they did in 2012 was to ...
by BogBod
Tue Jan 29, 2019 8:38 pm
Forum: Personal Investments
Topic: Omni403b question
Replies: 8
Views: 451

Omni403b question

In another post, I mentioned that my wife's employer offers a 403b with payroll deductions managed by Omni403b. A quick comment from another forum member within that topic suggested that Omni403b may not be well thought of on this forum. Another poster seemed reassured that Omni403b salary reduction...
by BogBod
Tue Jan 29, 2019 6:41 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach [Class C fund fees and portfolio questions]

I called Fidelity today and it appears that I will be able to exchange Class C funds for Class A funds, which will open me up to a wider array of mutual funds including Fidelity’s index funds. Because I have held the vast majority of the poorly performing mutual funds for over one year, there will ...
by BogBod
Tue Jan 29, 2019 6:25 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach [Class C fund fees and portfolio questions]

krow36 wrote:
Tue Jan 29, 2019 4:50 am
Are you saying that Vanguard is on the OMNI 403b vendor list for your wife's school district? If so, that would be great!

What state are you in? About 20 states have state run 457 plans that are low-cost.
From what I can see, yes, Vanguard is on her list.

We are in New York State
by BogBod
Tue Jan 29, 2019 6:21 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach [Class C fund fees and portfolio questions]

Also, you should not contribute after tax to a traditional IRA and then convert to a Roth- put that idea right out of your head. Your Simple IRA, indeed any IRA, makes that move a very bad idea. Can you please explain why? Thank you. EDIT: I did not realize pro rate rules applied to this kind of IR...
by BogBod
Mon Jan 28, 2019 10:27 pm
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach [Class C fund fees and portfolio questions]

Be careful about switching to the A shares. "friend mode" is probably "front-end load" which is like paying 3 years of C-class expenses all upfront. Don't do that. Instead, get your company to switch to a new 401(k) provider in the next 6 months. Yes, I was dictating the post and Siri heard “front ...
by BogBod
Mon Jan 28, 2019 10:17 pm
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach [Class C fund fees and portfolio questions]

OP here. So here is the update. I called Fidelity today and it appears that I will be able to exchange Class C funds for Class A funds, which will open me up to a wider array of mutual funds including Fidelity’s index funds. Because I have held the vast majority of the poorly performing mutual funds...
by BogBod
Sun Jan 27, 2019 11:08 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach

Ah, so this is how Fidelity can afford to pay for its zero expense ratio Index Funds :wink: I would punish Fidelity by switching to a different low-cost provider, even if Fidelity also has a low-cost plan. I needed a good laugh. (And I am feeling angry enough to punish them indeed :) ) You would be...
by BogBod
Sun Jan 27, 2019 11:04 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach

Since it has been more than two years since your first SIMPLE IRA contribution. You can roll your entire SIMPLE balance to a Fidelity traditional IRA tommorow. Then take the backend hit immediately and exchange into index funds. Could you explain what you mean by a "backend hit"? Is that a tax hit?...
by BogBod
Sun Jan 27, 2019 10:39 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach

What are your estimated retirement costs including healthcare? I think this is part of my dilemma. I have no idea how to calculate this. But in general we live well below our means, and expect to have no mortgage ten years or so before retirement. If you MADE me guess on the high side, $150K???? Yo...
by BogBod
Sun Jan 27, 2019 10:34 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach

finite_difference wrote:
Sun Jan 27, 2019 10:30 am
Ah, so this is how Fidelity can afford to pay for its zero expense ratio Index Funds :wink:

I would punish Fidelity by switching to a different low-cost provider, even if Fidelity also has a low-cost plan.
I needed a good laugh. (And I am feeling angry enough to punish them indeed :) )
by BogBod
Sun Jan 27, 2019 10:20 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach

autopeep wrote:
Sun Jan 27, 2019 10:06 am
I would try to change the fund class in the simple IRA
Will be trying to do just that
autopeep wrote:
Sun Jan 27, 2019 10:06 am
invest only to the match until then
Got it!

autopeep wrote:
Sun Jan 27, 2019 10:06 am
pursue your partners 403b
Will do
autopeep wrote:
Sun Jan 27, 2019 10:06 am
invest heavily in taxable
Got it!

Thanks much
by BogBod
Sun Jan 27, 2019 10:17 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach

What are your estimated retirement costs including healthcare? I think this is part of my dilemma. I have no idea how to calculate this. But in general we live well below our means, and expect to have no mortgage ten years or so before retirement. If you MADE me guess on the high side, $150K????
by BogBod
Sun Jan 27, 2019 10:00 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach

So ... Change your SIMPLE IRA to something less expensive. Since this is probably the easiest thing to do right now. I suppose you have to involve your partners and employees, but get this change going. THIS is what I really think I need to do. And yes, I will be eligible for catch-up contributions...
by BogBod
Sun Jan 27, 2019 9:59 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach

Thanks Autopeep, Yes, I think state tax rate is actually 6.85%, and with MAGI at $250 or so, I would be at 24% Fed, Yes? Income has surged, but yes, I need to keep track of where everything is going and will take your college thoughts to heart. I assume you are suggesting Roth conversion (something ...
by BogBod
Sun Jan 27, 2019 9:42 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Re: Sick to my stomach

Emergency funds: 10 months Debt: Mortgage is only debt, $104K at 4.35%, paid off in 2025 Tax Filing Status: Married Filing Jointly Tax Rate: 24% Federal, 6% State State of Residence: NY Age: 49 Desired Asset allocation: 80% stocks / 20% bonds Desired International allocation: 20% of stocks ???? Expe...
by BogBod
Sun Jan 27, 2019 8:46 am
Forum: Personal Investments
Topic: Sick to my stomach [Class C fund fees and portfolio questions]
Replies: 42
Views: 4062

Sick to my stomach [Class C fund fees and portfolio questions]

Oh so many mistakes. Well, not all mistakes. Here goes... I have recently realized that my mental energies have been too focused on getting college money for my two sons. (College > Retirement). I guess part of the good news is that I feel confident that I can indeed cover undergraduate costs for bo...
by BogBod
Fri Jan 04, 2019 9:35 pm
Forum: Personal Investments
Topic: Help Me to Understand Bonds Please.
Replies: 19
Views: 1679

Re: Help Me to Understand Bonds Please.

Thank you, dbr. Fantastic food for thought. I have a lot to learn/understand.
by BogBod
Fri Jan 04, 2019 9:03 pm
Forum: Personal Investments
Topic: Help Me to Understand Bonds Please.
Replies: 19
Views: 1679

Re: Help Me to Understand Bonds Please.

Sure. I get that. But what if you are 15-20 years out? Do you still feel the same then?

This is just something I have never understood. Thanks for your patience.
by BogBod
Fri Jan 04, 2019 8:43 pm
Forum: Personal Investments
Topic: Help Me to Understand Bonds Please.
Replies: 19
Views: 1679

Re: Help Me to Understand Bonds Please.

I need help understanding bonds, too. If we are talking about retirement funds, and if retirement is 15-20 years away, why would I invest in anything other than stocks/mutual funds/etc? Why would I "balance" 60% Stocks/40% Bonds when that turns out to be 7%/3% returns (and I am sure I am naive about...
by BogBod
Wed Jan 02, 2019 9:36 am
Forum: Personal Investments
Topic: What would you do?
Replies: 11
Views: 1395

Re: What would you do?

Thank you so much for all the opinions shared. I truly appreciate it.
by BogBod
Tue Jan 01, 2019 6:52 pm
Forum: Personal Investments
Topic: What would you do?
Replies: 11
Views: 1395

What would you do?

Hello, new to the forum. A bit hesitant to post, as I am not so savvy with finances. The good news is, with two sons off to college (one each in each of the next two years), it looks like I can cover their total college costs with what I have saved so far, as long as I continue my current saving pac...