We have an ABLE account for our son. They are good. I don't know how Fidelity offers it since it is a state by state thing. In Florida, there is no claw back allowed after the beneficiary passes of Medicaid or anything else. It is NOT a replacement for a Special Needs Trust. They work well together. We have both.
If you do set up a trust I wouldn't fund it yet. I would set up an account in or your or your daughters name and name the trust as the beneficiary. This way it will get a step in basis when the investments pass to the trust.
Search found 297 matches
- Sat Feb 03, 2024 8:15 am
- Forum: Personal Investments
- Topic: Fidelity ABLE Multi-Asset Index Portfolio
- Replies: 29
- Views: 2398
- Tue Jan 23, 2024 7:53 pm
- Forum: Personal Investments
- Topic: New to investing in taxable accounts. Help appreciated.
- Replies: 23
- Views: 6116
Re: New to investing in taxable accounts. Help appreciated.
I have a son who works for Google and gets RSU's. You would immediately sell those once they vest? If so why? I don't want to own individual stock, especially in my own company. While Google is probably not going out of business there is always Enron risk. The question your son should ask when his RSUs vest is "If someone gave jme money right now would I use it to buy company stock?" If the answer is yes then leave the RSUs as company stock, otherwise sell. A little story. About 40 years ago my wife worked for a grocery store in Florida named Publix. They were allowed to buy stock in the company (it's not a public company). Her dad gave her $10,000 as a one time investment to buy stock for him. Today after splits that stock is wo...
- Thu Jan 04, 2024 7:28 am
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Re: Duplicating a AUM account
I interned for a year at a fee only AUM advisor in my town. They now manage about $ 1B in assets and overall charge about .62% a year in fees. That means they take about 6.2M a year in fees out of their client’s accounts … wowza that is a lot of money to have their clients stay the course … about a 1/3 rd goes to owners of company, 1/3 rd to office and staff, and about a third to advisors. Lately a few advisors left to start their own firm because owners were raking in more than what some advisors thought was fair. They put people in boglehead type 3 fund portfolios with Schwab. Sometimes they make it a 4 fund portfolio with A REIT added. They always leave a few grand in their clients poor returning schwab mm account to pay their client’s ...
- Wed Jan 03, 2024 9:20 pm
- Forum: Personal Investments
- Topic: 3 Fund vs Fidelity vs Chase returns
- Replies: 1
- Views: 680
3 Fund vs Fidelity vs Chase returns
Can these returns be correct? Below are 3 year returns from 01/2021 through 12/2023. The first one is just a 3 fund (not mine) back tested that I put together based on the allocation percentages in my Fidelity AUM account ( I have 1 with Chase & 1 with Fidelity). The 2nd one is my actual 3 year return according to Fidelity's site. This is the one I question how it can be so much more than the other 2. FYI part of my account is in a tax managed SMA and I can't post everything I have because it is somewhere between 100 to 200 stocks plus a bunch of funds. I know, I know, I kick myself for doing this but it is done. Just not adding more to it. The 3rd is my Chase AUM account that I plugged into portfolio visualizer to get a 3 year performa...
- Wed Jan 03, 2024 8:44 pm
- Forum: Personal Investments
- Topic: Another Lump Sum vs DCA question
- Replies: 19
- Views: 1870
Re: Another Lump Sum vs DCA question
I have 7 figures in T-Bills. 4 week, 8 week & 12 week and every month been buying another 12 week. Been doing this for a while but I really think I need to get a lot of this into the market.
- Wed Jan 03, 2024 8:38 pm
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Re: Duplicating a AUM account?
I just wanted to thank you all. You have given me a lot of good into to consider and maybe even a little more confidence than I had previously. For some reason I felt like I was rushed and had to decide fairly quickly to put this all behind me but I don't. I am now ok with taking some time to make the decision.
And no, I don't know why I felt like I had to decide and get this "off my plate". Just the way I get sometimes. I have so much going on and run my own business too so sometimes stress and anxiety gets to me. Thanks again, I truly appreciate all who have replied.
And no, I don't know why I felt like I had to decide and get this "off my plate". Just the way I get sometimes. I have so much going on and run my own business too so sometimes stress and anxiety gets to me. Thanks again, I truly appreciate all who have replied.
- Wed Jan 03, 2024 8:32 pm
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Re: Duplicating a AUM account?
[/quote]
We don't know how much the Orginal Poster has to invest. But $300,000 would be an annual cost of $900. I forget if they have a minimum.
But for that amount of money I'd definitely go here instead for someone who is way more knowledgeable and experienced than anyone you are going to get at the Vanguard service.
https://rickferri.com/investors/
[/quote]
Not sure but i think in my original post I may have said multiple 7 figures to invest. If not lets just say 1 to 2 mil
We don't know how much the Orginal Poster has to invest. But $300,000 would be an annual cost of $900. I forget if they have a minimum.
But for that amount of money I'd definitely go here instead for someone who is way more knowledgeable and experienced than anyone you are going to get at the Vanguard service.
https://rickferri.com/investors/
[/quote]
Not sure but i think in my original post I may have said multiple 7 figures to invest. If not lets just say 1 to 2 mil
- Tue Jan 02, 2024 6:11 pm
- Forum: Personal Investments
- Topic: Another Lump Sum vs DCA question
- Replies: 19
- Views: 1870
Re: Another Lump Sum vs DCA question
Congrats on your pending windfall. Few questions if I could please: what does your financial advisor recommend? Did they provide a rational for their recommendation? Will these multiple 7 figure amounts come often or is this a one time deal? Is this investment a large part of your investments? Are you an experienced investor? Do you have a steady income or will you rely on this $ for your day to day living expenses? Are your annual expenses high or low compared to these additions? Big picture: as yiu may know The market is at or near all time highs and mm funds are paying north of 5% so depositing the millions in a money market fund and investing a % monthly into your desired asset allocation (stocks / bonds) over the next X years may be a...
- Tue Jan 02, 2024 6:03 pm
- Forum: Personal Investments
- Topic: Another Lump Sum vs DCA question
- Replies: 19
- Views: 1870
Re: Another Lump Sum vs DCA question
This year I will be adding a multiple 7 figure amount to investment accounts. From what I have read the majority on here suggest lump sum. I am just wondering with such a large amount is it better/safer to DCA? I am very worried that if I lump sum and there is a big downturn I take a huge hit. On the other hand, if I DCA and the market goes up nicely by the end of 2023 I'll kick myself. So, does the amount matter when trying to make this decision on your opinion? If it matters I am 62 yrs old and this would probably go into my managed account, yes I pay AUM. what do you think? Yes I did make a typo. Thank you for taking the time to write your response. I think you're right and what you said makes sense. So, basically I'm screwed no matter ...
- Tue Jan 02, 2024 5:52 pm
- Forum: Personal Investments
- Topic: Another Lump Sum vs DCA question
- Replies: 19
- Views: 1870
Re: Another Lump Sum vs DCA question
"Time in the market is more important than timing the market". When I first started my first managed account it was with about $80,000 and maybe 2015 or 2017. I let them lump sum and took a big hit. Yes it recovered but now that I'm 62 and approaching retirement age (not sure when) I was worried about picking the wrong time to lump sum and have the marked drop substantially.
- Tue Jan 02, 2024 5:48 pm
- Forum: Personal Investments
- Topic: Another Lump Sum vs DCA question
- Replies: 19
- Views: 1870
Re: Another Lump Sum vs DCA question
It may be in my managed accounts (I have 2 of them) or I may go with a 3 to 4 fund portfolio myself (makes me nervous but I have another thread about that). My managed accounts are about 75% stock/ 25% bonds and the other 69% stock/ 31% bonds.TheTimeLord wrote: ↑Mon Jan 01, 2024 8:34 pm Congratulations. Usually when I think lump sum I think going into a single specific investment but with a managed account I am assuming it could be spread over multiple investments. Any idea of the approximate Asset Allocation it would be spread across?
If I did it myself it would probably be between 70 to 75% stock
- Tue Jan 02, 2024 4:47 pm
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Re: Duplicating a AUM account?
I often say this flippantly but in this case I mean it. You do not need an investment manager, you need a psychologist. If you know that you should do a 3-fund portfolio and leave it alone but your action is to meddle with it, churn your account, overweight and underweight as emotions dictate, then you have a behavioral problem of acting against your own best interests. And you know this. A large proportion of clinical psychology deals with these sorts of issues. Gambling, substance abuse, impulse control... By working with a psychologist you will be helped by someone whose background and training is appropriate for your problem. Using an investment manager addresses only this narrow manifestation of a broader issue. And of course even the...
- Tue Jan 02, 2024 4:39 pm
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Re: Duplicating a AUM account?
It is difficult for me to do my own 3 fund or similar portfolio. I am just always second guessing myself. I have 2 AUM accounts with different brokerages. I am wondering what your opinion is of opening my own investment account and just duplicating what one of the brokerages are invested in thereby giving me more confidence but saving the 1% fee? The three fund portfolio (total stock market, total international`and bond) provides a wide range 0f market exposure at a very low cost. Please list what funds you now hold plus their expense ratios. How much are the advisor fees? I am wondering what your opinion is of opening my own investment account and just duplicating what one of the brokerages are invested in Sounds like a very bad idea! Pau...
- Tue Jan 02, 2024 4:37 pm
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Re: Duplicating a AUM account?
Fidelity has about 42% in a "tax managed SMA" so it would not be that one. Chase has about 12 or 15 funds/ ETF's so that would be the one.MightBeRight_MightBe wrote: ↑Tue Jan 02, 2024 1:39 am It sounds like the OP does second-guess the AUM advisor since they have 2 different brokers.
OP, how would you pick which one to duplicate?
I used to have 3 different investment brokerages and got rid of one
- Tue Jan 02, 2024 4:35 pm
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Re: Duplicating a AUM account?
I don't know why, it just makes me very nervous. I guess maybe because "they" are "professionals"? I don't know. I am 62 yrs old and can't afford mistakes at this point. Plus, I am talking about a lot of new money putting into thisplaceholder wrote: ↑Tue Jan 02, 2024 12:56 am I'm guess I'm puzzled why you'd second guess a simple index allocation but not the one designed by the aum people.
- Tue Jan 02, 2024 4:29 pm
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Re: Duplicating a AUM account?
One of them is with Fidelity and a portion of the managed account is in a "tax managed SMA" so it's too difficult. There are 100 to 200 individual stocks plus funds or ETF's. The SMA is about 42% of the total portfolio. In my Chase managed account there are 12 different funds/ETF's.tibbitts wrote: ↑Mon Jan 01, 2024 9:01 pmWhat are both AUM accounts invested in now?David_w wrote: ↑Mon Jan 01, 2024 8:29 pm It is difficult for me to do my own 3 fund or similar portfolio. I am just always second guessing myself. I have 2 AUM accounts with different brokerages. I am wondering what your opinion is of opening my own investment account and just duplicating what one of the brokerages are invested in thereby giving me more confidence but saving the 1% fee?
- Tue Jan 02, 2024 4:27 pm
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Re: Duplicating a AUM account?
Thank you. What do you do for income now that you're retired with a 3 fund portfolio? Do you get dividends from your investments or do you just withdraw a certain percentage of your portfolio each year (4%?)Wiggums wrote: ↑Mon Jan 01, 2024 8:59 pm We are retired and holding the three fund portfolio. Investing over 38 years so far. More funds only adds complexity. Also, there is no perfect portfolio.
https://www.bogleheads.org/wiki/Three-fund_portfolio
- Tue Jan 02, 2024 4:24 pm
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Re: Duplicating a AUM account?
It is difficult for me to do my own 3 fund or similar portfolio. I am just always second guessing myself. I have 2 AUM accounts with different brokerages. I am wondering what your opinion is of opening my own investment account and just duplicating what one of the brokerages are invested in thereby giving me more confidence but saving the 1% fee? No it's not difficult, most on the forum are DIYers utilizing a 2 Fund or multiple fund strategy. Look up 3 Fund Portfolio in the wiki. Of the 2 brokerage accounts you already hold, do you know what the holdings are and what gains/losses you have? One of them is with Fidelity and a portion of the managed account is in a "tax managed SMA" so it's too difficult. There are 100 to 200 indivi...
- Mon Jan 01, 2024 8:29 pm
- Forum: Personal Investments
- Topic: Duplicating a AUM account?
- Replies: 39
- Views: 3417
Duplicating a AUM account?
It is difficult for me to do my own 3 fund or similar portfolio. I am just always second guessing myself. I have 2 AUM accounts with different brokerages. I am wondering what your opinion is of opening my own investment account and just duplicating what one of the brokerages are invested in thereby giving me more confidence but saving the 1% fee?
- Mon Jan 01, 2024 8:24 pm
- Forum: Personal Investments
- Topic: Another Lump Sum vs DCA question
- Replies: 19
- Views: 1870
Another Lump Sum vs DCA question
This year I will be adding a multiple 7 figure amount to investment accounts. From what I have read the majority on here suggest lump sum. I am just wondering with such a large amount is it better/safer to DCA? I am very worried that if I lump sum and there is a big downturn I take a huge hit. On the other hand, if I DCA and the market goes up nicely by the end of 2023 I'll kick myself. So, does the amount matter when trying to make this decision on your opinion? If it matters I am 62 yrs old and this would probably go into my managed account, yes I pay AUM.
- Sat Dec 30, 2023 8:17 pm
- Forum: Personal Investments
- Topic: Balanced fund?
- Replies: 15
- Views: 2420
Re: Balanced fund?
I have 2 managed accounts, 1 with fidelity & 1 with JP Morgan. Mine & my wife's IRA's (not managed) we have only Fidelity Balanced fund FBALX. This fund has done better than the managed accounts.
- Sat Dec 30, 2023 8:01 pm
- Forum: Personal Investments
- Topic: Frustrated with PersonalCapital - any suggestions?
- Replies: 49
- Views: 8383
Re: Frustrated with PersonalCapital - any suggestions?
I have been using Personal Capital. I find the issue is when I check Performance of my different accounts it's always wrong. For example, one of my Fidelity accounts said YTP today was +15%, Personal Capital said + 8%. Big difference. I have several accounts linked to Personal Capital and they are all of by big amounts.
- Fri Dec 22, 2023 8:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: 2 Roth conversion in the same year?
- Replies: 4
- Views: 1033
Re: 2 Roth conversion in the same year?
Yes, our accountant does file the form 8606 on his taxes. Thank and thanks to others who have replied
- Thu Dec 21, 2023 4:59 pm
- Forum: Personal Finance (Not Investing)
- Topic: 2 Roth conversion in the same year?
- Replies: 4
- Views: 1033
2 Roth conversion in the same year?
[Topic is now in Personal Finance (Not Investing) - mod mkc]
In March of 2023 my son made a non deductible contribution to a traditional IRA for tax year 2022. Then a few days later did a conversion.
Last week he made a non deductible contribution to his traditional IRA for tax year 2023. Can he do a Roth conversion now even though he already did one in March? The contributions are for 2 different tax years
In March of 2023 my son made a non deductible contribution to a traditional IRA for tax year 2022. Then a few days later did a conversion.
Last week he made a non deductible contribution to his traditional IRA for tax year 2023. Can he do a Roth conversion now even though he already did one in March? The contributions are for 2 different tax years
- Sun Dec 17, 2023 3:29 pm
- Forum: Personal Investments
- Topic: Total Market vs Blue Chip Growth
- Replies: 22
- Views: 3506
Re: Total Market vs Blue Chip Growth
I was thinking about this whether it be for a 3 fund portfolio or other investing strategy. Using portfolio visualizer I entered $100,000 in 100% in both FBGRX (Fidelity BlueChip Growth) and SPY (S&P 500 Index) starting in 1998 till present. Results were: Final Balance CAGR Stdev Best Year Worst Year Fidelity Blue Chip Growth $1,061,934 9.54% 18.41% 62.23% -38.60% SPDR S&P 500 ETF Trust $743,360 8.05% 15.61% 32.31% -36.81% So my question is, what are some arguments against using the Blue Chip Growth in place of an S&P 500 or Total US Market Index. David: Using past performance to select mutual funds is so dangerous that the U.S. Government requires mutual funds to warn investors that it is dangerous. I suggest that you simply b...
- Sun Dec 17, 2023 3:25 pm
- Forum: Personal Investments
- Topic: Total Market vs Blue Chip Growth
- Replies: 22
- Views: 3506
Re: Total Market vs Blue Chip Growth
I had heard of this too. Rob Berger talks about this in some of his videos. I may not have done it correctly but when I tested the theory in Portfolio Visualizer it didn't test out to be true for me. I forget what criteria I used of length of time.dbr wrote: ↑Sat Dec 16, 2023 11:03 am Wasn't there a massive study that showed with significant robustness that a portfolio tilted to small and value factors would return more than a total market portfolio? Hasn't there been a broad literature that this is real and explainable. That would seem to be the opposite of tilting to blue chip growth. In fact all that has been extended to other subsets of the stock market, but I don't think blue chip growth is among the factors that people have mostly found, or is it?
- Sun Dec 17, 2023 3:20 pm
- Forum: Personal Investments
- Topic: Total Market vs Blue Chip Growth
- Replies: 22
- Views: 3506
Re: Total Market vs Blue Chip Growth
I was thinking about this whether it be for a 3 fund portfolio or other investing strategy. Using portfolio visualizer I entered $100,000 in 100% in both FBGRX (Fidelity BlueChip Growth) and SPY (S&P 500 Index) starting in 1998 till present. Results were: Final Balance CAGR Stdev Best Year Worst Year Fidelity Blue Chip Growth $1,061,934 9.54% 18.41% 62.23% -38.60% SPDR S&P 500 ETF Trust $743,360 8.05% 15.61% 32.31% -36.81% So my question is, what are some arguments against using the Blue Chip Growth in place of an S&P 500 or Total US Market Index. Anyone who has made almost 300 post on Bogleheads is well aware of the arguments. My only suggestion is that if you go active, go big: at least a dozen active funds; definitely not on...
- Sat Dec 16, 2023 9:36 am
- Forum: Personal Investments
- Topic: Total Market vs Blue Chip Growth
- Replies: 22
- Views: 3506
Total Market vs Blue Chip Growth
I was thinking about this whether it be for a 3 fund portfolio or other investing strategy. Using portfolio visualizer I entered $100,000 in 100% in both FBGRX (Fidelity BlueChip Growth) and SPY (S&P 500 Index) starting in 1998 till present. Results were:
Final Balance CAGR Stdev Best Year Worst Year
Fidelity Blue Chip Growth $1,061,934 9.54% 18.41% 62.23% -38.60%
SPDR S&P 500 ETF Trust $743,360 8.05% 15.61% 32.31% -36.81%
So my question is, what are some arguments against using the Blue Chip Growth in place of an S&P 500 or Total US Market Index.
Final Balance CAGR Stdev Best Year Worst Year
Fidelity Blue Chip Growth $1,061,934 9.54% 18.41% 62.23% -38.60%
SPDR S&P 500 ETF Trust $743,360 8.05% 15.61% 32.31% -36.81%
So my question is, what are some arguments against using the Blue Chip Growth in place of an S&P 500 or Total US Market Index.
- Fri Dec 15, 2023 4:59 pm
- Forum: Personal Finance (Not Investing)
- Topic: Timing of Roth Conversion
- Replies: 1
- Views: 396
Timing of Roth Conversion
Does a Roth conversion have to occur before the end of the year?
Last year my son made a 2023 traditional IRA non deductible contribution in March and then did a Roth conversion a day or 2 later. Was this not ok?
Last year my son made a 2023 traditional IRA non deductible contribution in March and then did a Roth conversion a day or 2 later. Was this not ok?
- Fri Dec 01, 2023 3:19 pm
- Forum: Personal Investments
- Topic: Fidelity Tax Managed US Equity Index
- Replies: 33
- Views: 7048
Re: Fidelity Tax Managed US Equity Index
The big issue for me (aside from the annual fees) is even if the strategy does well, you will be handcuffed into this fee-based structure forever - unless you are willing to pay the taxes to close it out and reinvest the proceeds (or move the positions to a brokerage account and manage them yourself - no thanks). +1. This is my issue. I let them put part of my portfolio in a tax managed SMA and while I have no plans to get out of Fidelity it's always in the back of my mind that I am trapped Just curious. Why do you guys feel trapped, can’t you just sell out of the positions at any time? Would there be more tax consequences if you sold out of the positions in this strategy than if you sold out of say an index fund? I thought the purpose of ...
- Sat Nov 18, 2023 11:36 am
- Forum: Personal Investments
- Topic: At what mortgage rate would you pay it off early?
- Replies: 258
- Views: 22510
Re: At what mortgage rate would you pay it off early?
We had a lot of cash in the bank so we used that.
- Sat Nov 18, 2023 11:20 am
- Forum: Personal Investments
- Topic: At what mortgage rate would you pay it off early?
- Replies: 258
- Views: 22510
Re: At what mortgage rate would you pay it off early?
We paid ours off a few years ago when we could. To me it wasn't a game of numbers and percent . IT was peace of mind knowing I would never have to worry about a mortgage again.
- Thu Nov 09, 2023 7:05 pm
- Forum: Personal Investments
- Topic: New to investing in taxable accounts. Help appreciated.
- Replies: 23
- Views: 6116
Re: New to investing in taxable accounts. Help appreciated.
I have a son who works for Google and gets RSU's. You would immediately sell those once they vest? If so why? I don't want to own individual stock, especially in my own company. While Google is probably not going out of business there is always Enron risk. The question your son should ask when his RSUs vest is "If someone gave me money right now would I use it to buy company stock?" If the answer is yes then leave the RSUs as company stock, otherwise sell. A little story. About 40 years ago my wife worked for a grocery store in Florida named Publix. They were allowed to buy stock in the company (it's not a public company). Her dad gave her $10,000 as a one time investment to buy stock for him. Today after splits that stock is wor...
- Thu Nov 09, 2023 6:59 pm
- Forum: Personal Investments
- Topic: New to investing in taxable accounts. Help appreciated.
- Replies: 23
- Views: 6116
Re: New to investing in taxable accounts. Help appreciated.
The difference is the RSUs were given to him, didn't cost him anything.flyingcows wrote: ↑Tue Nov 07, 2023 7:36 pmRSU are treated as ordinary income when they vest. There isn't a difference between your son choosing to hold 100k in vested RSUs or simply buying 100k worth of Google stock with cash he already has.
- Thu Nov 09, 2023 6:55 pm
- Forum: Personal Investments
- Topic: Are these funds OK in a Special Needs Trust?
- Replies: 9
- Views: 1090
Re: Are these funds OK in a Special Needs Trust?
I have a Special Needs Trust setup for my son. Below (if I did this correctly) is a picture of the funds in the trust. As this grows we can't/shouldn't distribute earning to him because it can affect the SSI he receives. Therefore they will all be retained by the trust which I believe is taxed at about 37% instead of his personal income rate. ... If you created the trust now rather than in your Will, presumably you expect to have a taxable estate. In that case, why isn't the trust a grantor trust for income tax purposes so that you would pay the tax on the trust's income and gains. The trust was created in 2011, my son is currently 20 yrs old. I don't really know why I created it then and not in our will. It is a 3rd party SNT. Is that the...
- Thu Nov 09, 2023 6:44 pm
- Forum: Personal Investments
- Topic: Are these funds OK in a Special Needs Trust?
- Replies: 9
- Views: 1090
Re: Are these funds OK in a Special Needs Trust?
can't see it without logging in. read more here: https://www.bogleheads.org/wiki/Posting_images_in_the_Bogleheads_forum Sorry. The funds are: FBGRX, Fidelity Blue Chip Growth FSKAX, Fidelity Total Market Index QQQ, Invesco QQQ thanks. depends on what you mean by tax efficient. They're stock funds which can be more tax efficient than bond funds but the fbgrx is an actively managed fund not index which can be less tax efficient (more turnover) but the turnover for that fund is 19% so not horrible but the total market fund is only 1% turnover for comparison. fbgrx is also more expensive 0.69% vs 0.015% for total market and fbgrx has just 323 holdings vs 3944 holdings for total market. There's also overlap obviously between these funds because...
- Tue Nov 07, 2023 7:20 pm
- Forum: Personal Investments
- Topic: New to investing in taxable accounts. Help appreciated.
- Replies: 23
- Views: 6116
Re: New to investing in taxable accounts. Help appreciated.
I immediately sell RSUs when they vest and invest the proceeds in broad-based low cost stock funds in my taxable account. I have both a US and ex-US stock ETFs. This serves to maximize tax efficiency and ensures that your investments are sound for the long haul since you don't want to trade in your taxable account. Avoid bonds in your taxable account. You can readjust the stock allocation in your tax deferred accounts (eg, 401k) by selling stocks and buying bonds as you add stock to the taxable account to keep your total portfolio allocation over time. You can also perform all rebalancing in you tax deferred accounts. It's pretty simple once you get the hang of it. I have a son who works for Google and gets RSU's. You would immediately sel...
- Tue Nov 07, 2023 7:04 pm
- Forum: Personal Investments
- Topic: Are these funds OK in a Special Needs Trust?
- Replies: 9
- Views: 1090
Re: Are these funds OK in a Special Needs Trust?
I have a Special Needs Trust setup for my son. Below (if I did this correctly) is a picture of the funds in the trust. As this grows we can't/shouldn't distribute earning to him because it can affect the SSI he receives. Therefore they will all be retained by the trust which I believe is taxed at about 37% instead of his personal income rate. So, my question if (for the 3 funds in here currently, not the stocks) are these tax efficient funds or should future investments be made into some other funds. Thank you. Sorry, had to post the link to the image, couldn't figure out how to make the image appear in the post https://www.smugmug.com/app/organize/Boglehead/i-nPfbZ45 can't see it without logging in. read more here: https://www.bogleheads....
- Tue Nov 07, 2023 2:52 pm
- Forum: Personal Investments
- Topic: Are these funds OK in a Special Needs Trust?
- Replies: 9
- Views: 1090
Re: Are these funds OK in a Special Needs Trust?
I have a Special Needs Trust setup for my son. Below (if I did this correctly) is a picture of the funds in the trust. As this grows we can't/shouldn't distribute earning to him because it can affect the SSI he receives. Therefore they will all be retained by the trust which I believe is taxed at about 37% instead of his personal income rate. So, my question if (for the 3 funds in here currently, not the stocks) are these tax efficient funds or should future investments be made into some other funds. Thank you. Sorry, had to post the link to the image, couldn't figure out how to make the image appear in the post https://www.smugmug.com/app/organize/Boglehead/i-nPfbZ45 can't see it without logging in. read more here: https://www.bogleheads....
- Tue Nov 07, 2023 7:42 am
- Forum: Personal Investments
- Topic: Are these funds OK in a Special Needs Trust?
- Replies: 9
- Views: 1090
Are these funds OK in a Special Needs Trust?
I have a Special Needs Trust setup for my son. Below (if I did this correctly) is a picture of the funds in the trust. As this grows we can't/shouldn't distribute earning to him because it can affect the SSI he receives. Therefore they will all be retained by the trust which I believe is taxed at about 37% instead of his personal income rate. So, my question if (for the 3 funds in here currently, not the stocks) are these tax efficient funds or should future investments be made into some other funds. Thank you.
Sorry, had to post the link to the image, couldn't figure out how to make the image appear in the post
The funds are:
FBGRX, Fidelity Blue Chip Growth
FSKAX, Fidelity Total Market Index
QQQ, Invesco QQQ
Sorry, had to post the link to the image, couldn't figure out how to make the image appear in the post
The funds are:
FBGRX, Fidelity Blue Chip Growth
FSKAX, Fidelity Total Market Index
QQQ, Invesco QQQ
- Wed Nov 01, 2023 7:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: Intuit's Mint App Shutting Down...Replacement Recommendations?
- Replies: 754
- Views: 141333
Re: Intuit's Mint App Shutting Down...Replacement Recommendations?
I use empower but I don't do budgeting so not sure if it does that.
Also checkout New Retirement & Tiller
Also checkout New Retirement & Tiller
- Tue Oct 31, 2023 6:04 pm
- Forum: Personal Finance (Not Investing)
- Topic: Can I afford a $100K backyard?
- Replies: 56
- Views: 8684
Re: Can I afford a $100K backyard?
Without reading, if you have to ask then the answer is no
- Mon Oct 30, 2023 4:24 pm
- Forum: Personal Finance (Not Investing)
- Topic: Is Trust Administration Too Complex for Non Financial Trustee?
- Replies: 23
- Views: 2314
Re: Is Trust Administration Too Complex for Non Financial Trustee?
My wife and I had the same thoughts on if one of us dies and the other remarries. My FIL married a second time at age 83 to a lady he met a year earlier. Upon his death earlier this year, we found out he left his IRA to his second wife - even though up to that point he had always said he's leaving everything 50/50 to DW and SIL. We didn't really have a problem with that since his 2nd wife is a wonderful person and we still see her often, but the thought of "her" kids (and not his own) ultimately ending up with the inheritance is kind of hard to take. But, it was his choice. I think, for now anyway, we've decided not to pursue trying to protect against this via Irrevocable Trusts. We've talked about it quite a bit and I'm confiden...
- Mon Oct 30, 2023 1:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Is Trust Administration Too Complex for Non Financial Trustee?
- Replies: 23
- Views: 2314
Re: Is Trust Administration Too Complex for Non Financial Trustee?
I have the same mental dilemma. Currently our wills specify assets to go into an irrevocable trust created upon death for 1 of our sons. The main reason is to protect from divorce (not yet married). My attorney suggested that if before he gets married he gets a prenup that we could possibly leave it outright to him as long as he understands if he ever gets remarried he will again HAVE to have a prenup. Our other son we felt we needed to set up a Special Needs Trust for. The wills of my wife and I both have irrevocable trusts that will be set up when each of us pass so their portion would go into it in case one of us remarried but I am thinking this would be a big pain for us. We each say we would never get married again. For reference I am ...
- Sat Oct 28, 2023 7:19 am
- Forum: Personal Finance (Not Investing)
- Topic: ABLE account clawback question, moving states
- Replies: 11
- Views: 1057
Re: ABLE account clawback question, moving states
Really? We opened an ABLE account for our son (in Florida) and intend on using it like an IRA or 401K for him. Money he can use, tax free in retirement. Along with a Special Needs Trust as part of the overall plan.
- Fri Oct 27, 2023 7:07 pm
- Forum: Personal Investments
- Topic: Hypothetical T-Bills vs SPIA annuity
- Replies: 3
- Views: 837
Re: Hypothetical T-Bills vs SPIA annuity
This would be in a taxable account.Johm221122 wrote: ↑Thu Oct 26, 2023 2:24 pm T Bills are not 30 years, that would be Treasury bonds
If this is a tax deferred accounts your 30 year bonds make RMDs risky
But besides that, yes I would lean towards a 30 year bond for this thought your having at age 61. SPIAs are better as you age
So even though SPIAs are better as you age, isn't it even better by locking in now with a 30 years Treasury Bond and being able to have heirs inherit the original amount invested instead of it going to the insurance company?
- Thu Oct 26, 2023 1:53 pm
- Forum: Personal Investments
- Topic: Hypothetical T-Bills vs SPIA annuity
- Replies: 3
- Views: 837
Hypothetical T-Bills vs SPIA annuity
I am not ready just yet for retirement nor do I need income now however I was just thinking about this. I am 61 yrs old.
For someone who would want to get some guaranteed income in retirement (just to be safe), given today's T-Bill rates, would it make more sense to (for example) buy 1 million worth of 30 year T-Bills today which is at about 5% instead of putting the same amount of money into an immediate annuity in a few years? I think the annuity would pay a little more on a yearly basis but at least at the end me or my heirs would get the original money back.
What are your thoughts?
For someone who would want to get some guaranteed income in retirement (just to be safe), given today's T-Bill rates, would it make more sense to (for example) buy 1 million worth of 30 year T-Bills today which is at about 5% instead of putting the same amount of money into an immediate annuity in a few years? I think the annuity would pay a little more on a yearly basis but at least at the end me or my heirs would get the original money back.
What are your thoughts?
- Tue Oct 24, 2023 4:24 pm
- Forum: Personal Finance (Not Investing)
- Topic: Just-in-case contacts
- Replies: 8
- Views: 1025
Re: Just-in-case contacts
I have every possible thing I could think of in a binder for my oldest son which includes lawyers, accountants, Insurance people I used, bank and investment accounts, insurance policies, bonds in our name or kids names, Written instructions and opinions on all things important to me. The papers in this binder has no actual account numbers or bond serial numbers. The instructions say there is another set in our safe deposit box with those numbers. And, the file that is printed from in on our computer password protected. And yes, he is on our safe deposit box.
- Mon Oct 23, 2023 8:29 pm
- Forum: Personal Investments
- Topic: Looking at Annuities
- Replies: 36
- Views: 5036
Re: Looking at Annuities
IF you're looking for 3 or 5 year why not just buy a 3 or 5 year T Bill that is giving you a tiny bit more than 4.6%
- Mon Oct 23, 2023 8:20 pm
- Forum: Personal Investments
- Topic: Good Fidelity Fund(s) to start an Investment account for child in College
- Replies: 28
- Views: 3170
Re: Good Fidelity Fund(s) to start an Investment account for child in College
For both my kids (1 is 30 now & the other 20) They have:
FSKAX (Total Market) 70%
FBGRX (Fidelity Blue Chip Growth) 20%
QQQ 10%
When they add it is mostly to FSKAX and then some QQQ
FSKAX (Total Market) 70%
FBGRX (Fidelity Blue Chip Growth) 20%
QQQ 10%
When they add it is mostly to FSKAX and then some QQQ