Search found 38 matches

by gowest
Wed May 16, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 49
Views: 3956

Re: Should I Pay Off My Mortgage When I Retire?

MichDad wrote:
Wed May 16, 2018 6:24 pm
This is an update from the OP.

I retired on March 31st. Earlier this month, I paid off our mortgage (about ten months early). My sleeping habits haven't changed.

MichDad
Congratulations! (I was about to vote to pay it off. I enjoyed perusing this thread.) Again, congrats!
by gowest
Thu May 10, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Developed Markets Index Fund as substitute for Total International Stock Fund?
Replies: 27
Views: 2514

Re: Vanguard Developed Markets Index Fund as substitute for Total International Stock Fund?

Is the Developed Markets Fund a reasonable substitute for Total International? Or should I stick to TR 2035? It's not quite the same, since it's missing emerging markets and small caps. According to my notes, total international can be approximated by the combination of 65% VTMGX (developed markets...
by gowest
Thu May 10, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Developed Markets Index Fund as substitute for Total International Stock Fund?
Replies: 27
Views: 2514

Re: Vanguard Developed Markets Index Fund as substitute for Total International Stock Fund?

Is the Developed Markets Fund a reasonable substitute for Total International? Or should I stick to TR 2035? It's not quite the same, since it's missing emerging markets and small caps. According to my notes, total international can be approximated by the combination of 65% VTMGX (developed markets...
by gowest
Tue May 08, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 'extra' income for the first time
Replies: 5
Views: 1028

Re: Investing 'extra' income for the first time

401k With old employer: 18% BlackRock LifePath® Index 2045 Fund Class K Shares (BLKRK LP IDX 2045 K) (.23%)  (~58% domestic stock, 37% internationall stock, 3% bond, 1% other) **My current employer does not offer a 401(k) but will supposedly start offering one this year Just wanted to chime in to s...
by gowest
Tue May 08, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3633

Re: When did you start drawing profits from taxable?

I will say this, the most profound "event" in my life was seeing my father retire perfectly at 68 with not a financial worry in the world only to get sick and pass 18 months after his last day of work. That was 9 years ago and I still haven't gotten over how "ripped off" he got. The thing is, he co...
by gowest
Mon May 07, 2018 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Start 529 Plan?
Replies: 45
Views: 2286

Re: Start 529 Plan?

Thanks for all the advice! For those who are funding above what expected college/grad expenses will be, what are your plans to do with the excess money? After kids graduate change the beneficiary to grandkids? black knight, We are in a similar situation to you and I wrestled with this issue. What w...
by gowest
Mon Apr 30, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Getting ready to do my first after tax investing. What do I need to know?
Replies: 11
Views: 1599

Re: Getting ready to do my first after tax investing. What do I need to know?

You should investigate tax loss harvesting (TLH). There are a LOT of posts on this forum that go through the details, so I'd recommend doing some searches and reading up on it. If you want to plan for TLH, you'll want to make sure you're choosing investments that fit well with your TLH plan, and you...
by gowest
Wed Apr 25, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: I Bonds now or wait until May?
Replies: 10
Views: 843

Re: I Bonds now or wait until May?

I would absolutely, positively wait until May 1. No question whatsoever. There is every likelihood that the fixed rate will increase slightly, and even 0.2% long-term would mean far more than snagging 6 months of the higher variable rate (especially since you're only delaying the drop from 2.5% to ...
by gowest
Wed Apr 25, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: I Bonds now or wait until May?
Replies: 10
Views: 843

I Bonds now or wait until May?

Hi everyone, As part of my EF and general cash savings (future car, theoretical kitchen makeover, nothing at all, etc.), I'm planning on placing $20k in I Bonds each year (for me and my wife). This will be my first year doing so, but I plan to continue each year. I generally keep about $50k in my EF...
by gowest
Thu Mar 01, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Starting from scratch, again
Replies: 5
Views: 1660

Re: Starting from scratch, again

The dilemma lies in the nontraditional belief that bonds should go in taxable accounts, as stated on some blog posts by White coat Investor and a few others. In the name of simplicity and my lack of understanding, I may just keep them in my 401K unless someone has a better explanation. To quote Tay...
by gowest
Wed Feb 28, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: NY 529 and K-12
Replies: 19
Views: 1268

Re: NY 529 and K-12

Thanks. I have heard from two different tax advisors on this issue, and they have differing opinions. One says you need to be a NY resident (with NY income), the other says you don't need to be a resident (so long as you have NY income). And then in the latter case (non-resident), the advisor says t...
by gowest
Wed Feb 28, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: NY 529 and K-12
Replies: 19
Views: 1268

Re: NY 529 and K-12

Interesting discussion. So do you have to be a resident of NY in order to get a deduction for contributions to a NY 529 plan? In other words, if you are resident of another state (not NY) but have income in NY (for example, through a partnership that does business in NY), can you deduct the contribu...
by gowest
Wed Feb 28, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Starting from scratch, again
Replies: 5
Views: 1660

Re: Starting from scratch, again

Since every one of your accounts is at Vanguard (or maybe you meant it has access to Vanguard funds, such as in your 401k accounts), and they all have the same purpose and time horizon (retirement), this should be fairly straightforward. Here's what I recommend considering: Your 80/20 AA can be form...
by gowest
Thu Feb 22, 2018 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: 529- Superfund in Bull market?
Replies: 4
Views: 599

Re: 529- Superfund in Bull market?

I think most here will say just to develop a plan and implement it as soon as you've finished developing it. In other words, since you already have a plan, go ahead and implement it by superfunding the accounts all at once. That being said, others would prefer to drip the money in, but mostly for a ...
by gowest
Thu Feb 22, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Joint Taxable Account
Replies: 17
Views: 1301

Re: Joint Taxable Account

If you make it a joint account, there is no way to designate POD/TOD so it would have to go through a will and probate. this is definitely incorrect. Let me clarify. My point was simply that, as between OP and his/her spouse, for a joint account there is no designation, and no need to designate, si...
by gowest
Thu Feb 22, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Joint Taxable Account
Replies: 17
Views: 1301

Re: Joint Taxable Account

If you make it a joint account, there is no way to designate POD/TOD so it would have to go through a will and probate. I don't think this is correct as between you and your spouse. If it's a joint account, and one of you passes away, the other one still owns the account with no meaningful paperwor...
by gowest
Thu Feb 22, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged
Replies: 10
Views: 933

Re: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged

I would not exchange back to the original fund unless I had more losses. I wouldn't pay a penny of long-term capital gains on the not-identical replacement. Not sure what the reasoning for this is. I’d much rather pay a small amount of gains (which will be offset by my losses) to be able to stay in...
by gowest
Wed Feb 21, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged
Replies: 10
Views: 933

Re: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged

Thanks. Your comments are very helpful. Some follow-up: How do you decide when to TLH? If the market is declining, it seems like I won't want to TLH too soon (since I'll want to maximize the losses that may occur), but I also don't want to do it too late (since the market might reverse course and go...
by gowest
Tue Feb 20, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged
Replies: 10
Views: 933

TLH in a 3-fund portfolio with the same funds in taxable and tax-advantaged

Hi everyone, In January I opened a taxable account to complement my existing IRA accounts (all at Vanguard), and I'm trying to educate myself about tax loss harvesting. I've read some of livesoft's and others' posts about TLH (including livesoft's public service post that involved creating a wash sa...
by gowest
Wed Jan 24, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 7228

Re: Your bond allocation when you were 48

Still five years away, but my ISP says 65% equities and 35% bonds.
by gowest
Sat Jan 20, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 8737

Re: Lost money through Bitconnect scam - learned my lesson

Kudos to you for openly admitting your mistake. Everyone makes mistakes, but not everyone is mature enough and brave enough to admit to them. I'm sorry it happened to you, but in the long run the experience will serve you well by preventing you from making future similar mistakes. Good luck. +1 Don...
by gowest
Tue Jan 16, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Gifted $1,000: Max out Roth or go towards smaller balances on credit cards?
Replies: 10
Views: 704

Re: Gifted $1,000: Max out Roth or go towards smaller balances on credit cards?

Use $387 of that $1000 to pay off the 27.9% credit card. Then use $613 to pay down the 23.9% credit card. Then find--somehow, someway--a way to accumulate another $1940 to pay off the rest of the credit cards. Then start an emergency fund so that you don't ever have to carry a balance on a credit ca...
by gowest
Thu Jan 11, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: How often should my AA adjust?
Replies: 17
Views: 1188

Re: How often should my AA adjust?

I only adjusted when certain life events happened and/or the total portfolio value reached a magic number. Examples: 1. Bought house. 2. Had kids. 3. Kids in High School and about to go to college 4. Stopped working full-time 5. Stopped working altogether I have to say, I do the same as livesoft's ...
by gowest
Thu Jan 11, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: How often should my AA adjust?
Replies: 17
Views: 1188

Re: How often should my AA adjust?

Okay, okay, I'll bite... :D You'll note that many of us use a different AA algorithm than a linear increase in bonds with age, but that wasn't your question... What AA algorithm do you / others use? I want to avoid an algorithm based on then-prevailing feelings about the marketplace (since I don't r...
by gowest
Thu Jan 11, 2018 11:19 am
Forum: Investing - Help with Personal Investments
Topic: How often should my AA adjust?
Replies: 17
Views: 1188

How often should my AA adjust?

Hi everyone! I am in the middle of my annual rebalancing of my three-fund retirement portfolio consisting of total stock market (VTSAX), total international (VTIAX), and total bond (VBTLX). I was reviewing my written ISP for the coming years/decades, and I began to wonder why my I've set my AA to ad...
by gowest
Wed Oct 11, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Adding money to 401K/403b late in the year.
Replies: 18
Views: 1328

Re: Adding money to 401K/403b late in the year.

Thanks, that's a bummer! I guess there's no way to retroactively deduct income from the previous months then. Oh well! Bloom, to clarify about that do most employers stop at exactly 18K or does it become complicated to put exactly that amount in since you might slightly over or undershoot? Most emp...
by gowest
Tue Oct 10, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: What is a good Asset Allocation
Replies: 48
Views: 3512

Re: What is a good Asset Allocation

My assets have reached a million and that definitely makes me more skiddish with our current political environment and the high value of stocks. I'm moving towards 80/20 stock bond ratio and 30% of stocks in international. This sounds like a market-timing approach, which isn't recommended. You need...
by gowest
Thu Oct 05, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 13231

Re: Millionaire Next Door (Thank you Bogleheads)

I love this sort of story. I read that book many years ago (Millionaire Next Door), and it's always great to hear about someone who has successfully accomplished what the book describes (since, as you know from the book, you wouldn't otherwise be able to tell just by judging how someone looks or wha...
by gowest
Thu Oct 05, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: How many money accounts do you have? And how do you Keep track of them?
Replies: 28
Views: 3139

Re: How many money accounts do you have? And how do you Keep track of them?

To keep track of everything, I use YNAB, which stands for You Need A Budget (https://www.youneedabudget.com/). It is a wonderful program, but not for everyone. Basically you set up categories for expenditures, and then when money comes in (income, for example), you divvy it up among categories you c...
by gowest
Thu Oct 05, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Should I forego a backdoor Roth IRA?
Replies: 13
Views: 1447

Re: Should I forego a backdoor Roth IRA?

Thanks again to all who have replied. Regarding the Roth 401k, I have reconsidered and will shift back to a traditional 401k. So my current plan based on everyone's comments (and my own thinking) is: (1) max my 401k and make my (mandatory) profit sharing and cash balance contributions. (2) skip furt...
by gowest
Wed Oct 04, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Chickened out... Now unsure where to start.
Replies: 33
Views: 4360

Re: Chickened out... Now unsure where to start.

From randomizer, who I think nicely summarized the majority of the comments: "I'd put everything in target date retirement funds, put my login credentials in an envelope with a wax seal inside a plastic bag inside a bowl of frozen water in the freezer, cancel my newspaper subscriptions, and find a ...
by gowest
Wed Oct 04, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: How much should an 18 year old keep in bonds?
Replies: 28
Views: 1955

Re: How much should an 18 year old keep in bonds?

Here is my current portfolio - I'm maxing out my Roth IRA using the VLXVX fund (2065 TD fund). Congratulations on an excellent start, and on an excellent choice in the VLXVX fund (target retirement 2065). As you've noted, that fund has 10% of the asset allocation in bonds. I would stick with this f...
by gowest
Wed Oct 04, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Should I forego a backdoor Roth IRA?
Replies: 13
Views: 1447

Re: Should I forego a backdoor Roth IRA?

IMO, since your IRA is already polluted with non-deductible contributions, even if you could be stuck with this I would just keep on making these contributions. It will build up your IRA assets and won't cause any additional trouble. It seems to me that investing in my taxable account would be bett...
by gowest
Wed Oct 04, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Should I forego a backdoor Roth IRA?
Replies: 13
Views: 1447

Re: Should I forego a backdoor Roth IRA?

These replies are very helpful. Thank you. We definitely filed our Form 8606 each year to track deductible vs. nondeductible contributions. I just haven't gone back through my returns to see how this breaks down for each year. I certainly can do this. I am reviewing the information provided by Thrif...
by gowest
Tue Oct 03, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Should I forego a backdoor Roth IRA?
Replies: 13
Views: 1447

Should I forego a backdoor Roth IRA?

Hi Bogleheads! It has been years since I've posted or spent much time on this forum. Set and forget it, with periodic rebalancing, has worked fine and dandy thank you all very much (truly, sincerely). But now I have a question. My wife and I both have traditional IRAs at Vanguard, and I am just now ...
by gowest
Sun Nov 22, 2009 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: maintaining tax efficiency
Replies: 6
Views: 1252

All good advice, so thank you. Regarding Mr. Larimore's suggestion to use the total stock market index (VTSMX) in place of the combination of the S&P 500 index (VFINX) and the extended market index (VEXMX), it seems to me that this would markedly underweight small- and mid-caps. I am confident that ...
by gowest
Sun Nov 22, 2009 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: maintaining tax efficiency
Replies: 6
Views: 1252

Thank you. Regarding point #2, would you likewise suggest not using tax-managed funds in the taxable account (but instead using simply tax-efficient funds)? I guess what it boils down to is this: I want to set up a long-term plan for incorporating a taxable account into my overall retirement portfol...
by gowest
Sun Nov 22, 2009 11:02 am
Forum: Investing - Help with Personal Investments
Topic: maintaining tax efficiency
Replies: 6
Views: 1252

maintaining tax efficiency

Hi all, I am 35 have been maxing my tax-advantaged retirement accounts for a number of years, and I finally was in a position to open (and did open) a taxable account (also for retirement) a couple of years ago. My taxable account is small (about 7% of my overall retirement savings) and is split 75%...