Search found 69 matches

by rholt
Tue Aug 25, 2020 8:07 am
Forum: Personal Investments
Topic: Pushing ahead with Roth Conversions - Hold my hand!
Replies: 5
Views: 708

Re: Pushing ahead with Roth Conversions - Hold my hand!

David Jay wrote: Mon Aug 24, 2020 8:54 pm WRT: Step 3, I would create a new tIRA account for each of you and rollover your after-tax contributions into the new accounts.
Thanks - I will try that.
by rholt
Mon Aug 24, 2020 8:43 pm
Forum: Personal Investments
Topic: Pushing ahead with Roth Conversions - Hold my hand!
Replies: 5
Views: 708

Pushing ahead with Roth Conversions - Hold my hand!

Based on some extremely useful input from user @lakpr, (in another thread) I now see that my wife and I have a pretty good opportunity to pull off a very useful Roth Conversion. That said, I still find some of the complexity intimidating. Please see below for my current plan. Acknowledging that no o...
by rholt
Wed Aug 19, 2020 1:49 pm
Forum: Personal Investments
Topic: Portfolio Feedback Requested
Replies: 14
Views: 725

Re: Portfolio Feedback Requested

Unfortunately - I am not willing/able to sell anything in brokerage account - just to much accumulated capital gains. I will just have to live with the tax inefficiency of that EM fund.

I do think I will follow the simplification advise of getting rid of the REIT fund.
by rholt
Wed Aug 19, 2020 12:01 pm
Forum: Personal Investments
Topic: Portfolio Feedback Requested
Replies: 14
Views: 725

Re: Portfolio Feedback Requested

Do you have an idea of what is the exact amount of non-deductible contributions you made to the IRA? If you did make the non-deductible contributions in the past, the amount should have been reported to the IRS on Form 8606. Whip out your Form 8606 for 2019, and take a look at Line 1 (any n-d contr...
by rholt
Wed Aug 19, 2020 9:15 am
Forum: Personal Investments
Topic: Portfolio Feedback Requested
Replies: 14
Views: 725

Re: Portfolio Feedback Requested

OP Here. Great feedback - Thanks. A few clarifications. No pension for us. Social Security is the only other form of retirement income. And no - I won't retire prior to 62 - because my wife won't let me :| Unfortunately, I don't think the Roth IRA conversion ideas floated above will work with us. Wh...
by rholt
Tue Aug 18, 2020 11:14 pm
Forum: Personal Investments
Topic: Portfolio Feedback Requested
Replies: 14
Views: 725

Portfolio Feedback Requested

I am a long time lurker on the forum. I feel like I know what I am doing with respect to my investment portfolio (read The Bogleheads' Guide to Investing and several similar books years ago) . But, in these turbulent times, I thought it would just be prudent to have a few (or a few dozen) folks look...
by rholt
Sun Jul 12, 2020 10:32 am
Forum: Investing - Theory, News & General
Topic: Prime Money Market Question - where to park cash?
Replies: 12
Views: 1789

Re: Prime Money Market Question - where to park cash?

Thanks to all - good advice - just opened an online savings account. I had hoped to avoid this *(want to minimize number of accounts), but these crazy low money market rates leave me no choice.
by rholt
Sat Jul 11, 2020 10:07 pm
Forum: Investing - Theory, News & General
Topic: Prime Money Market Question - where to park cash?
Replies: 12
Views: 1789

Prime Money Market Question - where to park cash?

Am I reading the numbers correctly when I say that there is essentially zero return on the cash I am holding in Vanguard Prime Money Market. Expense ratio = 0.16% Current Compound Yield = 0.15% I knew rates were extremely low, but I didn't realize they were that low. I have a known $50K expense in a...
by rholt
Fri Jul 10, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: Are you adjusting your REIT Allocation?
Replies: 69
Views: 5794

Re: Are you adjusting your REIT Allocation?

I share your angst. In theory, my plan suggests I should be buying REITs, but I haven't been able to pull the trigger .

That said, even before the crash, REITs were a pretty small part of my portfolio.
by rholt
Tue Mar 24, 2020 7:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Value Index Fund
Replies: 4
Views: 354

Re: Vanguard Value Index Fund

Kenkat wrote: Tue Mar 24, 2020 7:43 pm I think it was just late posting it’s price. Morningstar is showing it up 9.69%.
OK - good - I was actually getting a little upset. I have been re-balancing from Total Bond into this fund.
by rholt
Tue Mar 24, 2020 7:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Value Index Fund
Replies: 4
Views: 354

Vanguard Value Index Fund

I guess I didn't realize how much this fund can Ying when the rest of the market Yangs. The Vanguard Value Index was actually down 5% today. If anyone could provide me some intuition on that, I would appreciate it.
by rholt
Tue Mar 17, 2020 9:51 am
Forum: Investing - Theory, News & General
Topic: VUVLX - Bankruptcies
Replies: 3
Views: 263

Re: VUVLX - Bankruptcies

Whoops - I meant VVIAX - Vanguard Value Index Fund Admiral Shares...

I would never invest in an actively managed fund.
by rholt
Tue Mar 17, 2020 9:26 am
Forum: Investing - Theory, News & General
Topic: VUVLX - Bankruptcies
Replies: 3
Views: 263

VUVLX - Bankruptcies

Most of our household's stock portfolio is in VTSMX, but through the wife's 401K we have a pretty large position in VUVLX. For the sake of discussion, let's assume the current economic shock does result in real uptick in the number of corporate bankruptcies? Question - to what extent are value funds...
by rholt
Sun Feb 09, 2020 10:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard - UTMA - Age
Replies: 4
Views: 319

Re: Vanguard - UTMA - Age

Thanks. I think I need to call Vanguard. I have poked around my on-line account and I am unable to find where the relevant "transfer age" is listed. I assume it is 21, but I need to confirm.
by rholt
Sun Feb 09, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: Vanguard - UTMA - Age
Replies: 4
Views: 319

Vanguard - UTMA - Age

Both of my kids have UTMA accounts that we regularly contribute to. The eldest is 19 and the younger is 16. We live in Virginia (if that matters). I just assumed at some point after he turned 18, there would be some mechanism that forced me to transfer the funds from my eldest's UTMA into a Vanguard...
by rholt
Thu Jan 02, 2020 12:28 pm
Forum: Personal Consumer Issues
Topic: Opinions/experiences of 529 plans for future grandchild
Replies: 8
Views: 366

Re: Opinions/experiences of 529 plans for future grandchild

Virginia's 529 is quite good (https://www.virginia529.com/new-savers/invest/) and the state tax savings are a nice extra. 529's are a very tax-efficient way to gift money to your grandchildren. They are especially appropriate if you have doubts about the financial wisdom of the parents. The other al...
by rholt
Tue Jun 25, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 18834

Re: what was your worst major purchase? mine is a 2019 mazda3

Four tickets for a Taylor Swift Reputation Tour concert - at FedEx Field. Stupid expensive for an experience that can only be described as arduous.
by rholt
Wed May 01, 2019 2:46 pm
Forum: Personal Consumer Issues
Topic: Car insurance shopping - worth leaving USAA?
Replies: 36
Views: 2681

Re: Car insurance shopping - worth leaving USAA?

I want to add that USAA has the worst (annoying - non-intuitive) web sites I have ever experienced from a major financial company. I have considered leaving for that reason alone. But, we stay because we have so much with them (home, auto, umbrella, VPP) - it just seems like it would be a huge hassl...
by rholt
Fri Apr 19, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2491

Re: Best Credit Card for College Freshman

Wow - great input - thanks
by rholt
Fri Apr 19, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2491

Best Credit Card for College Freshman

My 18 year old son has had a credit card for almost 2 years as an authorized user on my credit card. Now that his is heading off to college (far from home) I want to help him attain a credit card in his own name - mainly so he can start developing his own credit history. Two questions - Any recommen...
by rholt
Thu Feb 28, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: Why are Backdoor Roths so popular are this forum?
Replies: 47
Views: 5346

Re: Why are Backdoor Roths so popular are this forum?

It may be that engineering back door Roths is not all that superior to just investing in tax efficient taxable holdings, but I guess any chance at avoiding taxes fetches huge attention. OP here and that is definitely part of my calculus. Given that I am already 52 and given that the capital gains t...
by rholt
Thu Feb 28, 2019 9:08 am
Forum: Investing - Theory, News & General
Topic: Why are Backdoor Roths so popular are this forum?
Replies: 47
Views: 5346

Why are Backdoor Roths so popular are this forum?

It is my (limited) understanding that Roth conversions only make sense for people that anticipate having a higher marginal tax rate in retirement than they do today ? Is that true for a lot of people here? I certainly don't expect it will be true for me. It is kind of a moot point for me as well. My...
by rholt
Thu Feb 28, 2019 8:57 am
Forum: Personal Investments
Topic: Great Goofs
Replies: 47
Views: 4867

Re: Great Goofs

Taking out some student loans and accumulating some credit card debt in graduate school even though I had a tuition waiver and an ok stipend. Luckily, it wasn't a ton of money, but it was no fun starting my career already in the hole.
by rholt
Mon Feb 18, 2019 2:36 pm
Forum: Investing - Theory, News & General
Topic: Do you look back and wish you were more aggressive?
Replies: 64
Views: 4972

Do you look back and wish you were more aggressive?

I am 52 and my portfolio is 65 stock 35 bond. What makes me perhaps a little unusual is that I have had a similar split (with at least 30% bonds) for at least 15 years - dating back to my 30s. It has always been a conscious decision on my part to have a conservative portfolio and this certainly did ...
by rholt
Tue Dec 04, 2018 2:42 pm
Forum: Personal Investments
Topic: Schwab Vs Fidelity Vs Vanguard
Replies: 88
Views: 30538

Re: Schwab Vs Fidelity Vs Vanguard

15 year Vanguard customer with no complaints. That said - I don't have any experience with other brokerages. I chimed in to comment that I am surprised to see all these complaints about the customer service at Vanguard. I am just wondering what people are doing that they need so much customer servic...
by rholt
Tue Oct 23, 2018 10:14 am
Forum: Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 97
Views: 8865

Re: For those who paid off house - how did you do it?

We did option 1) for the first 10 years - then we used an inheritance to pay off the balance.
by rholt
Wed Jan 31, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy - Is it worth it.
Replies: 45
Views: 9266

Re: Umbrella Policy - Is it worth it.

OP here. I meant to add a third question. Is $1M in coverage enough?
by rholt
Wed Jan 31, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy - Is it worth it.
Replies: 45
Views: 9266

Umbrella Policy - Is it worth it.

We are currently paying about $400/year for a $1M Umbrella Policy. With USAA. We have had it for years - never made a claim. In fact - I think we only had one claim of any kind (a medium size auto accident about 5 years ago) against all the various policies we have with USAA. Questions. 1) How do pe...
by rholt
Wed Dec 27, 2017 11:25 am
Forum: Personal Investments
Topic: Backdoor Roth Question
Replies: 14
Views: 3457

Re: Backdoor Roth Question

Great input. I am still inclined to do nothing - but the idea of "rolling-in" sounds intriguing. Unfortunately - my current 401K is not great (high expense ratios), but my wife's is very good.
by rholt
Tue Dec 26, 2017 1:50 pm
Forum: Personal Investments
Topic: Backdoor Roth Question
Replies: 14
Views: 3457

Backdoor Roth Question

Setting - My wife and I both have traditional IRAs with pretty high balances. Both accounts (unfortunately) contain a mix of pre-tax (rolled over 401Ks) and post-tax (non-deductible) contributions. We have held these accounts of years - so there is a lot appreciation. While retirement is on the hor...
by rholt
Tue Dec 19, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 7114

Re: What is a Reasonable Retirement Cost of Living?

OP here - thanks for all the useful input. It sounds like people are telling me that I can't really answer this question without systematically tracking our expenses. Unfun - but I guess I will give it a try.
by rholt
Thu Dec 14, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 7114

Re: What is a Reasonable Retirement Cost of Living?

I graduated from high school in Northern Virginia. I know it quite well. A 40+ hour a week job got me into a private elite university. That was an outstanding EC. I don't doubt it was a great credential and it may have been quite common when you were a teenager. It is rare to the point of being non...
by rholt
Thu Dec 14, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 7114

Re: What is a Reasonable Retirement Cost of Living?

J I guess I also have to ask why do you think you are spending so much on kids in high school? They should get some jobs in a retail food establishment where they get free meals, too. I know that's what I had to do when I was that age. This is Northern Virginia - kids aren't kids - they are an inve...
by rholt
Thu Dec 14, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 7114

What is a Reasonable Retirement Cost of Living?

I am 51 and plan on working until at least 62. Nevertheless, I do want to plan for retirement. So many of the retirement planning discussions revolve around one's annual cost of living in retirement . Anyone have any suggestion as to how I could guessstimate that figure now? Our household expenses r...
by rholt
Fri Apr 21, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance Companies - How painful is it?
Replies: 6
Views: 922

Switching Insurance Companies - How painful is it?

We have been with USAA for at least two decades. We have a whole suite of insurance with them, house, auto, life, umbrella, VPP. But lately - particularly on the auto side - I am feeling a little ripped off. I want to do some comparison shopping (probably with Geico). Question - how painful is it sw...
by rholt
Wed May 07, 2014 10:41 am
Forum: Personal Consumer Issues
Topic: What is the best all-inclusive resort you have ever visited?
Replies: 79
Views: 14363

Re: What is the best all-inclusive resort you have ever visi

We recently stayed at the Iberostar Parisio Maya - south of Cancun. I give it 4 or 5 stars in all categories except food - where is just get 3 stars.
by rholt
Wed May 07, 2014 9:44 am
Forum: Personal Consumer Issues
Topic: What is the best all-inclusive resort you have ever visited?
Replies: 79
Views: 14363

Re: What is the best all-inclusive resort you have ever visi

My experience is that getting really top quality food at all-inclusives can be a challenge.
by rholt
Wed Nov 14, 2012 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Employer about to switch 401k to Principal Financial Group
Replies: 36
Views: 41381

Employer about to switch 401k to Principal Financial Group

(Sorry for the cross-post - initially put in wrong forum) [responses merged into this thread -- admin LadyGeek] My employer - for reasons unknown - is switching our 401k provider from Fidelity to the Principal Financial Group. I fear this is bad news - but I am not yet sure. The company has made a f...
by rholt
Wed Nov 14, 2012 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Employer about to switch 401k to Principal Financial Group
Replies: 36
Views: 41381

Employer about to switch 401k to Principal Financial Group

My employer - for reasons unknown - is switching our 401k provider from Fidelity to the Principal Financial Group . I fear this is bad news - but I am not yet sure. The company has made a few benefit changes recently - all in the bad direction (don't even ask me about my Health Insurance). Questions...
by rholt
Sun Aug 26, 2012 9:57 pm
Forum: Personal Consumer Issues
Topic: big diamond ring
Replies: 80
Views: 14273

Re: big diamond ring

Just purchased a $23K solitaire necklace from Bluenile. No regrets.
by rholt
Fri Sep 30, 2011 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America to Charge $5/Month for Debit Cards
Replies: 148
Views: 14316

I guess I just don't see the use of debit cards. Why not just use a credit card and pay it off every month? You get card rewards and a 30 float on the money. This. And don't forget all the additional fraud and theft protections built into a credit card (relative to a debit card). In my opinion - th...
by rholt
Wed Sep 07, 2011 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Account for kids?
Replies: 22
Views: 2377

Because savings account only return 1% annually. I want to teach my kids about savings AND investing. Fine, but at what age? Can your four year old read their portfolio online at Vanguard.com? Understand asset allocation (you need some jelly beans and some chocolate bars so that if sugar prices spi...
by rholt
Wed Sep 07, 2011 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Account for kids?
Replies: 22
Views: 2377

Savings accounts are not a good option. Why not? Savings accounts are for education. Explain a 529 or I bond to your five year old. If you understand a piggy bank, you can understand a savings account. My seven year old granddaughter is already a saver. When she gets gift money, she wants to put it...
by rholt
Tue Sep 06, 2011 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Account for kids?
Replies: 22
Views: 2377

I would choose option b) - but kick in some of your own money when opening the account so he avoids all low balance issues. I love 529 accounts - but if you really think he might go to college outside the US, then it may not be a good option. Savings accounts are not a good option. What are CD rates...
by rholt
Tue Mar 01, 2011 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Animal Charities
Replies: 68
Views: 7372

bhoy wrote:I like...

http://www.farmsanctuary.org/
+1
by rholt
Tue Dec 14, 2010 1:10 pm
Forum: Investing - Theory, News & General
Topic: How I Learned to Stop Worrying & Love Bankruptcy
Replies: 35
Views: 5153

Re: Repay the lender ?

Bogleheads: Question: What would you decide if other collateral was insufficient to secure the SBA loan? Mortgage the house or not? I agree that is a dilemma. There is no denying that if the costs of default go down (in terms of social stigma) then lenders will 'build this in' by raising rates and ...
by rholt
Tue Dec 14, 2010 12:06 pm
Forum: Investing - Theory, News & General
Topic: How I Learned to Stop Worrying & Love Bankruptcy
Replies: 35
Views: 5153

Corporations should be held to the same standards -- it's morally wrong for them as well . The public at large seems to end up holding the bag in all of these situations. Again, if there's no moral reason not to file bankruptcy (interesting phrase we hear these days, "strategic default"), then why ...
by rholt
Tue Dec 14, 2010 12:02 pm
Forum: Investing - Theory, News & General
Topic: How I Learned to Stop Worrying & Love Bankruptcy
Replies: 35
Views: 5153

Re: Our word should be our bond.

In my opinion, using the law to avoid paying a debt you have agreed to pay (and can pay) is morally wrong. You certainly have a right to this opinion. Personally - if I was counseling a friend who was suffering substantial economic hardship that could (on net) be substantially alleviated by default...
by rholt
Tue Dec 14, 2010 9:19 am
Forum: Investing - Theory, News & General
Topic: How I Learned to Stop Worrying & Love Bankruptcy
Replies: 35
Views: 5153

Then why limit chapter 7 and 13 bankruptcy discharges to every 8 and 6 years (IIRC)? Why not an unlimited number? Not sure I follow. I don't think anyone is arguing for a change in the law. I am just saying that it is ok for people to use all legal avenues availible to them. There is only one valid...