Search found 45 matches

by beckwith
Thu Aug 06, 2020 6:44 am
Forum: Personal Investments
Topic: What to do with pre-bogleheads taxable investment account
Replies: 17
Views: 1692

Re: What to do with pre-bogleheads taxable investment account

Looking for advice on what to do (if anything) with my taxable investing account. Before I found bogleheads, I was only contributing 6% to my 401k (to get the maximum employer match) but would max out HSA. With my spare money I put in $1000 a month to my brokerage account. Did some occasional tradi...
by beckwith
Fri Jul 17, 2020 6:48 pm
Forum: Personal Investments
Topic: When to sell individual stock after run up?
Replies: 51
Views: 4059

Re: When to sell individual stock after run up?

Market timing is a gamble! Any recommendations you get will be informed speculation at best. If it were me, I’d sell and put 63% of the earnings in VTI/VTSAX/etc., save the rest for your taxes, and call it a win.
by beckwith
Fri Jul 17, 2020 2:55 pm
Forum: Personal Investments
Topic: Bond placement taxable v. tax advantaged
Replies: 10
Views: 827

Re: Bond placement taxable v. tax advantaged

Are you maxing all your tax advantaged space? I don't think you should really have a taxable account to worry about this scenario unless you are maxing all tax advantaged space. 401k, roth IRA, HSA, etc. Yes, maxing out all tax advantaged space! The taxable holdings are significant due to an inheri...
by beckwith
Fri Jul 17, 2020 1:29 pm
Forum: Personal Investments
Topic: Bond placement taxable v. tax advantaged
Replies: 10
Views: 827

Re: Bond placement taxable v. tax advantaged

aristotelian wrote: Fri Jul 17, 2020 1:19 pm
If you mean liquidity, yes, bonds make sense in taxable as extra security backing up your emergency fund.
Yes, this is what I mean. So perhaps some of the bond allocation in taxable for liquidity purposes might be appropriate, with the rest in tax advantaged accounts?
by beckwith
Fri Jul 17, 2020 1:07 pm
Forum: Personal Investments
Topic: Bond placement taxable v. tax advantaged
Replies: 10
Views: 827

Bond placement taxable v. tax advantaged

I have read and understand the Wiki on tax-efficient placement of bond funds, the strategy being to place them in tax advantaged accounts. But, one advantage I see of bond holdings is to provide that ballast that we talk about so often here for the downturns in the market. Having the ballast in a ta...
by beckwith
Wed Jul 15, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's new job, pregnancy leave
Replies: 50
Views: 3757

Re: Wife's new job, pregnancy leave

So when (and how?) should she tell her boss/company that she's pregnant? Should she wait a month or so before telling them so that she can really dive in and show immediate value before telling, or tell them right away? So, my wife is actually in a very similar position, just about 6 weeks behind y...
by beckwith
Tue Jul 14, 2020 12:14 pm
Forum: Personal Investments
Topic: Portfolio review and questions on bond fund choices
Replies: 2
Views: 325

Re: Portfolio review and questions on bond fund choices

Dividing a 10% allocation to bonds into three different entities is harmless and also pointless. Any low cost, diversified, intermediate term bond fund is a good neutral selection for a small holding in bonds. Thanks. SWAGX does hold US Treasury Notes, so that helps assure me that 10% all to SWAGX ...
by beckwith
Mon Jul 13, 2020 8:02 am
Forum: Personal Investments
Topic: Portfolio review and questions on bond fund choices
Replies: 2
Views: 325

Portfolio review and questions on bond fund choices

Hi folks - thank you for your review and your thoughts, much appreciated as always! Emergency funds : All set (~6 months) Debt : None Tax Filing Status : Married Filing Jointly, one child on the way… Tax Rate : 24% Federal, 5.05% State Age : Him (32), her (29) Desired Asset allocation : 90% stocks /...
by beckwith
Sun Jul 12, 2020 5:25 pm
Forum: Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 186
Views: 37965

Re: Torn between Vanguard, Fidelity and Schwab

I would like an example of what constitutes this superior customer service I hear so much about from Schwab and Fidelity. What is it that they do that's so great? Make you feel special? Maybe my needs are just simpler than most (and I've usually done my research in advance and know exactly what I w...
by beckwith
Sun Jul 12, 2020 4:44 pm
Forum: Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 186
Views: 37965

Re: Torn between Vanguard, Fidelity and Schwab

Lots of responses, I only read through a handful! Just wanted to say that I have my brokerage and checking account with Schwab, and Roth IRA with Vanguard. I definitely prefer Schwab. Their customer service is really good (24/7 availability on online chat or phone), the checking account is fantastic...
by beckwith
Sat Jul 04, 2020 9:27 am
Forum: Personal Investments
Topic: 3-fund portfolio in ALL accounts, including Coverdells & 529s?
Replies: 10
Views: 868

Re: 3-fund portfolio in ALL accounts, including Coverdells & 529s?

I am so sorry if this seems like a repeat and stupid question. Thanks. No such thing as a stupid question! We're all at different points in our learning careers with all of this. This forum is here for question/answer/discussion If I understand this right, the 3-fund portfolio applies to all retire...
by beckwith
Fri Jul 03, 2020 8:59 pm
Forum: Personal Investments
Topic: Portfolio Feedback Please
Replies: 12
Views: 1018

Re: Portfolio Feedback Please

Coverdell with Schwab - (90/10 AA, 20% International): $2000 I'm curious - how are you funding this if your child is not yet born? Questions: Is this as easy as I could make things (in lieu of target date funds) to easily rebalance each year? Any suggestions for different funds than my choices? I s...
by beckwith
Tue Jun 30, 2020 9:08 pm
Forum: Personal Investments
Topic: Helping Self-Employed Brother With Retirement Planning - Help me please!
Replies: 3
Views: 374

Re: Helping Self-Employed Brother With Retirement Planning - Help me please!

I think it’d be valuable for your brother to do his own research. Maybe you can direct him to some books: Bogleheads ones, JL Collins’ Simple Path to Wealth, etc. He’s gotta do some of the work on his own. Also direct him to this forum. I agree with this but think it may not take hold with him. Tho...
by beckwith
Mon Jun 29, 2020 10:14 am
Forum: Personal Investments
Topic: Choosing a 529 - am I splitting hairs?
Replies: 10
Views: 1105

Re: Choosing a 529 - am I splitting hairs?

Thanks, everyone! I think given my situation and your thoughts, it makes sense to go with the Massachusetts plan.
by beckwith
Sun Jun 28, 2020 7:50 pm
Forum: Personal Investments
Topic: Choosing a 529 - am I splitting hairs?
Replies: 10
Views: 1105

Choosing a 529 - am I splitting hairs?

We are expecting our first child later this year and I'm looking into options for 529 accounts. Wow, there are so many...I live in Massachusetts and though the state tax benefit is not great compared to other plans (and I realize I can only get the state tax benefit if I enroll in my state's plan), ...
by beckwith
Sat Jun 27, 2020 9:43 pm
Forum: Personal Investments
Topic: College Student Beginner Portfolio Advice
Replies: 34
Views: 1294

Re: College Student Beginner Portfolio Advice

You should open a Roth IRA & you can fund it up to $6,000 or your earned income from a job that is reported by a W2 slip in January or February. You should also do a Roth 401k (not tax deductible) since you are in a low tax bracket. You don't need a taxable retirement account at your age & ...
by beckwith
Tue Jun 23, 2020 6:02 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

1. Sell all losing positions now and use the proceeds to buy index funds. Note that "losing positions" refer to individual purchase lots in your existing stocks and NOT an entire position in each single stock. 2. Take the remaining positions with unrealized gains and figure out the amount...
by beckwith
Mon Jun 22, 2020 4:48 pm
Forum: Personal Investments
Topic: Where to park some Cash for a year or 2
Replies: 11
Views: 1745

Re: Where to park some Cash for a year or 2

I'm following this as a novice as well. We will be needing to pay for nursing school soon and will be raising some cash from the sale of a rental property (hopefully) this summer. I have been considering the bond "bullet" strategy using Treasury bills and notes, though I'm still early on i...
by beckwith
Mon Jun 15, 2020 8:26 am
Forum: Personal Investments
Topic: Bonds Funds - How to Choose
Replies: 13
Views: 1091

Re: Bonds Funds - How to Choose

I would highly recommend reading a book on bonds like Larry Swedroe Only Winning Bond Strategy. There are different kinds and the differences are bigger than the differences in stock factors. When in doubt, a total bond market or intermediate treasury fund will be a good choice. Total bond should h...
by beckwith
Sun Jun 14, 2020 9:52 pm
Forum: Personal Investments
Topic: Bonds Funds - How to Choose
Replies: 13
Views: 1091

Bonds Funds - How to Choose

I understand bonds are better placed in tax deferred accounts, but my particular situation is such that my taxable holdings far outweigh my tax deferred holdings, by about 50x, so if I want to have any sizable allocation to bonds, it will be in my taxable. Questions here, followed by my general info...
by beckwith
Sat May 30, 2020 10:12 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

If it’s not too late, I would check with Schwab to see if you are eligible for a (large) transfer bonus for transferring such a large amount into your taxable account. Great call, and someone else on this thread mentioned it too. I checked in about this and though they don't advertise it, if you as...
by beckwith
Sat May 30, 2020 10:11 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

Call the local Schwab office and give them a list of the tickers that you want to transfer. You’ll be assigned to the local office anyways. My rep is helpful, knows I’m DIY and has never tried to sell me anything. Even though a rep is not necessary, it’s nice to call them to deal with any issues an...
by beckwith
Wed May 27, 2020 12:40 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

You would use tax exempt bonds in your taxable account if the after-tax yield is higher than it would be for taxable bonds. That depends on your marginal tax bracket. TIPS provide you protection against higher than expected inflation. I don't know of any municipal bond funds that offer this protect...
by beckwith
Tue May 26, 2020 6:23 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

BruinBones wrote: Tue May 26, 2020 6:04 pm If it’s not too late, I would check with Schwab to see if you are eligible for a (large) transfer bonus for transferring such a large amount into your taxable account.
Yes, thank you for the reminder on this. I was planning to connect with Schwab’s promotions department about this tomorrow.
by beckwith
Tue May 26, 2020 6:22 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

Quick update on this, and a question - I will be initiating an in kind transfer of all securities that will transfer to Schwab within the next couple of days. A reminder for your taxable in-kind transfers -- Before the transfer occurs, make sure you have the cost basis pertaining to each lot in you...
by beckwith
Tue May 26, 2020 5:19 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

You don't want bonds in a taxable account. Use your tax deferred accounts 457, 401, etc for bonds. Put equities in taxable. The challenge with that here is that the taxable account has so much more in it than my tax deferred accounts. So I need bonds in the taxable for now until my tax deferred acc...
by beckwith
Tue May 26, 2020 5:05 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

Quick update on this, and a question - I will be initiating an in kind transfer of all securities that will transfer to Schwab within the next couple of days. My initial thought was to allocate ~10% to SWAGX, Schwab's "US Aggregate Bond Index Fund". But, after reading more from the Boglehe...
by beckwith
Mon May 11, 2020 4:19 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

...a trust fund, has turned into an individual taxable account with a small bank that is actively managed. It is valued in the very low 7 figures and charges an annual investment fee of 1%... While it is easiest if all assets can transfer directly to Schwab "in kind" you should confirm th...
by beckwith
Mon May 11, 2020 4:00 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

You can check to see if the funds are able to be transferred by going to schwab and looking at their funds list, or putting in the ticker as if you were going to buy it. Thanks - this helps me understand why the first one I typed in was not showing up...will do more research to see what is even pos...
by beckwith
Mon May 11, 2020 11:55 am
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

Are you aware that you can probably open a 403b (as well as your 457b) and stuff more bonds there? They would each have a separate max of 19+ k. I had no idea about this. I'm a state government employee, so the 403b would be on top of my 457b AND my pension? Looking at this (https://www.irs.gov/ret...
by beckwith
Mon May 11, 2020 11:46 am
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

You're expecting a child by the end of the year? First off, congratulations! Thank you! Sadly MA's 529 state tax deduction is pretty small, so not much help in offsetting capital gain taxes but still a planning element for you to start considering. Could keep you from facing this same LTCG tax head...
by beckwith
Mon May 11, 2020 11:41 am
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

I know the cost and unrealized capital gains/losses are for every share. This is great news as that is the most difficult part of cleaning up a portfolio. Anything in there you definitely want to keep? Not recommending it, but sometimes people do. However, individual stocks should be a small portio...
by beckwith
Mon May 11, 2020 10:59 am
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

You are going to need to determine the basis (cost) of the shares in this account in order to know what your gains or losses will be when/if you sell them. The money was in a trust fund and is now in an individual taxable account. What do you know, if anything, about the basis of those shares? I kn...
by beckwith
Mon May 11, 2020 10:53 am
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

I don't think you have to sell to move to Schwab. Everything can be transferred "in kind." One can collect the dividends from the current assets and use them to buy your newish index funds. Just to clarify so I understand what you're saying - I could do an in-kind transfer of everything t...
by beckwith
Mon May 11, 2020 8:08 am
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

I don't think you have to sell to move to Schwab. Everything can be transferred "in kind." One can collect the dividends from the current assets and use them to buy your newish index funds. Just to clarify so I understand what you're saying - I could do an in-kind transfer of everything t...
by beckwith
Sun May 10, 2020 5:07 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Re: Transferring large managed brokerage to Schwab, please help and review my plan!

What specific funds is the current taxable account holding? Quite a few, all individual companies from large, mid, and small cap, and non-us equity. Unrealized gains in the account are at mid/low six figures...but the portfolio's market value has dropped by nearly as much as that in the past 10 weeks
by beckwith
Sun May 10, 2020 4:38 pm
Forum: Personal Investments
Topic: Transferring managed brokerage to Schwab, please help and review my plan!
Replies: 41
Views: 2594

Transferring managed brokerage to Schwab, please help and review my plan!

Hi Everyone. I was born into a very fortunate and lucky position. For my personal financial education, this basically allowed me to not worry about finances until a couple years ago when I realized that I really should understand not only the situation that was handed to me, but how to take control ...
by beckwith
Mon Apr 20, 2020 9:31 am
Forum: Personal Investments
Topic: Deciding whether to sell our rental property
Replies: 3
Views: 325

Re: Deciding whether to sell our rental property

Johnsson wrote: Mon Apr 20, 2020 9:26 am
In general it sounds like more of a boat anchor than a rental.
Thank you, I agree. It was not intended to be a rental as we bought it planning to live in it...you are right though and it's a good analogy given the coastal location!
by beckwith
Mon Apr 20, 2020 8:39 am
Forum: Personal Investments
Topic: Deciding whether to sell our rental property
Replies: 3
Views: 325

Deciding whether to sell our rental property

Hi Everyone - The wife and I are trying to decide whether we should keep our rental property or sell. If we sell before November 2021, we would be eligible for a partial exclusion of capital gains per IRS' guidelines outlined here - https://www.irs.gov/pub/irs-pdf/p523.pdf. By my calculations, we wo...
by beckwith
Sat Apr 18, 2020 5:42 pm
Forum: Personal Investments
Topic: I may or may not qualify for Roth IRA - what to do?
Replies: 8
Views: 430

Re: I may or may not qualify for Roth IRA - what to do?

Where there is a 457b plan, there is also a 403b plan. Is it possible for you to contribute the max to a 403b plan too, which would reduce your AGI further and provide you with another $19,500 headroom? I believe it's a 401a and my contribution is set as a percentage of my income - it's set like th...
by beckwith
Sat Apr 18, 2020 11:58 am
Forum: Personal Investments
Topic: I may or may not qualify for Roth IRA - what to do?
Replies: 8
Views: 430

I may or may not qualify for Roth IRA - what to do?

Hi all! Still new to taking a hold of our finances, retirement planning, etc., and very new to the forum, thanks for the support so far! My wife and I came close to the AGI limit for a Roth IRA contribution for 2019. Knowing we would come close, we deposited $1000 into a high yield savings account e...
by beckwith
Wed Apr 01, 2020 4:32 pm
Forum: Personal Investments
Topic: Starting a Roth IRA - please help me decide what to do!
Replies: 4
Views: 290

Starting a Roth IRA - please help me decide what to do!

Hi Everyone - I'm new to the forum and semi-new to taking control of my financial future. I appreciate your patience and understand the answers to these questions MUST be somewhere in this tremendous forum! I am 32 years old and opening a Roth IRA (wish I had done this years ago, arghh!!) with Vangu...
by beckwith
Mon Mar 30, 2020 2:11 pm
Forum: Personal Investments
Topic: Roth IRA and 457
Replies: 16
Views: 692

Re: Roth IRA and 457

Thank you, David! So if I'm understanding you correctly, you're suggesting I max out my state-sponsored 457 to $19,500, my wife should max out her 401K when she starts that job, and we continue max'ing out the Roth IRAs, and only then should we look to contribute to the taxable account with Schwab? ...
by beckwith
Mon Mar 30, 2020 9:56 am
Forum: Personal Investments
Topic: Roth IRA and 457
Replies: 16
Views: 692

Roth IRA and 457

Hi All - I am writing to ask for assistance in considering how best to allocate my and my wife's investments. I will do my best to paint an accurate picture. Me - 32 years old, gov employee making $80,000 per year, contributing ~$8,000/year to my state-sponsored retirement fund. After 10 years of se...