Search found 6694 matches

by mhalley
Wed Apr 24, 2019 10:57 am
Forum: Personal Investments
Topic: Close Vanguard and go all in with Fidelity?
Replies: 55
Views: 2166

Re: Close Vanguard and go all in with Fidelity?

I like having multiple accounts. I know with my brain that it is very unlikely that I could get hacked and have money stolen from one of my accounts, but I sleep better at night knowing that if it did happen I would not lose all of my money, Simplicity is nice, but irrational fears overcome my desir...
by mhalley
Tue Apr 23, 2019 10:15 pm
Forum: Investing - Theory, News & General
Topic: Distribution Strategy Principles
Replies: 4
Views: 385

Re: Distribution Strategy Principles

The WSJ article is behind a paywall. Kitces has one here:
https://www.kitces.com/blog/tax-efficie ... ing-needs/
by mhalley
Tue Apr 23, 2019 4:36 pm
Forum: Investing - Theory, News & General
Topic: Can a fund/ETF increase its ER?
Replies: 8
Views: 402

Re: Can a fund/ETF increase its ER?

The SEC LIMITS expenses on mutual funds, but there is no rule against a fund increasing expenses as far as I know. For example, a fund can't charge more than an 8.5 percent load. That helps me sleep well at night :oops:
by mhalley
Tue Apr 23, 2019 2:10 pm
Forum: Personal Investments
Topic: Need Investment Advice!!!
Replies: 4
Views: 362

Re: Need Investment Advice!!!

The amount you will have on retirement is mostly dependent on your savings rate. 6% is not going to cut it. You have a severe income problem and need to look into getting a better job. The minimum is probably 15%, but you don’t make enough for that to be realistic.
by mhalley
Tue Apr 23, 2019 10:58 am
Forum: Personal Investments
Topic: Wellington in IRA or non IRA ?
Replies: 2
Views: 255

Re: Wellington in IRA or non IRA ?

Balanced funds are much better off in tax advantaged accounts. Additionally, Wellington & Wellesley produce taxable dividends. If you are in a very low tax bracket then they might be ok in taxable. Vbiax is better, but you lose the opportunity to tax loss harvest.
by mhalley
Tue Apr 23, 2019 12:21 am
Forum: Personal Investments
Topic: Inheritance - what to do next
Replies: 8
Views: 1460

Re: Inheritance - what to do next

If you want a one fund portfolio at fidelity I would suggest a fidelity freedom index fund. Otherwise the zero funds if you dont mind rebalancing. Having everything at fidelity is fine. The main advantage of vanguard is that you can only go to 0.3% on management fees, where fidelity could potentiall...
by mhalley
Tue Apr 23, 2019 12:01 am
Forum: Personal Investments
Topic: Short Term Investing Question
Replies: 7
Views: 501

Re: Short Term Investing Question

Money needed within 5 years should be saved, not invested. There is a chance you could lose money even in a short term bond fund.
by mhalley
Mon Apr 22, 2019 9:46 pm
Forum: Investing - Theory, News & General
Topic: Any Successful HSA Transfer from Elements Financial to Fidelity
Replies: 3
Views: 340

Re: Any Successful HSA Transfer from Elements Financial to Fidelity

Sorry, couldn’t remember the exact form the hsa provider sends. I think it is actually 5498 SA.
https://www.irs.gov/pub/irs-pdf/f5498sa.pdf
by mhalley
Mon Apr 22, 2019 1:23 pm
Forum: Personal Consumer Issues
Topic: Washing machine advice needed
Replies: 6
Views: 614

Re: Washing machine advice needed

For a major appliance purchase I would get a consumer reports magazine at the library or pay for a month of the online sub.
by mhalley
Sun Apr 21, 2019 9:31 pm
Forum: Investing - Theory, News & General
Topic: Any Successful HSA Transfer from Elements Financial to Fidelity
Replies: 3
Views: 340

Re: Any Successful HSA Transfer from Elements Financial to Fidelity

No limits on direct rollovers according to this https://apps.irs.gov/app/vita/content/37/37_08_005.jsp?level=basic I was waiting for my form 8889 to do my rollover from Elements to fidelity, have you received yours yet? There is a long thread on the fidelity hsa. Several posts mention being unable t...
by mhalley
Sun Apr 21, 2019 9:10 pm
Forum: Personal Investments
Topic: What should I know before selling a mutual fund for the first time?
Replies: 17
Views: 1162

Re: What should I know before selling a mutual fund for the first time?

I don’t think brokerages were required to track cost basis till 2012, but cost basis on shares bought since then should transfer. You might be able to get cost basis info from the previous brokerage../ fund co. The basis is probably more than 3k due to dividend and capital gains reinvestment over th...
by mhalley
Sun Apr 21, 2019 2:10 am
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Tips
Replies: 32
Views: 1936

Re: First Time Home Buyer Tips

A couple of things off the top of my head. Get preapproved, not just prequalified, check multiple banks or cu. Don’t fall in love with a house, there will be another one just as good or better Don’t buy a house with a lot of problems unless you get a great deal and are a great diyer If you think you...
by mhalley
Sat Apr 20, 2019 12:27 pm
Forum: Personal Investments
Topic: When to dump FIENX for FZILX
Replies: 10
Views: 633

Re: When to dump FIENX for FLZIX

I would say exchange those two today if in retirement accountS. If you agree that passive, low fee investing is the best way to invest, then switch everything over to the 3 fund or slice and dice or whatever portfolio. Is there room in the boglehead philosophy for other investments? I suppose. Many ...
by mhalley
Sat Apr 20, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Garage Door Opener Replacement
Replies: 28
Views: 2051

Re: Garage Door Opener Replacement

If replacing the opener, I would go ahead and replace the springs also. At 30 yo they could break at any time. From a aforum post on when to replace springs: .The easiest answer if you want to be reactive is replace the spring when the spring breaks if there is more than one replace all of them at t...
by mhalley
Sat Apr 20, 2019 11:22 am
Forum: Investing - Theory, News & General
Topic: The Fundamental Axioms / Laws / Principles of Investing
Replies: 30
Views: 1583

Re: The Fundamental Axioms / Laws / Principles of Investing

A couple more:
Live below your means
Costs matter
Earn interest, don't pay interest
Failing to plan is planning to fail
by mhalley
Sat Apr 20, 2019 11:14 am
Forum: Personal Investments
Topic: How to get funds out of Actively Managed?
Replies: 14
Views: 1259

Re: How to get funds out of Actively Managed?

For the money in IRAs, there is no reason to wait, move immediately to the new asset allocation. As to the taxable, look at the cost basis. Be sure the fund is set to spec id. Look at the amount of capital gains you will have to pay, figure the amount you are willing to pay, and sell that amount eac...
by mhalley
Sat Apr 20, 2019 11:00 am
Forum: Personal Investments
Topic: Is it better to borrow from 401(k) or withdraw from ROTH for a downpayment?
Replies: 15
Views: 610

Re: Is it better to borrow from 401(k) or withdraw from ROTH for a downpayment?

I don’t think you are ready to buy a house yet. In addition to the down payment, you need to have your regular emergency fund, as well as some cushion for unexpected expenses after you move in. I agree that raiding retirement accounts is a bad idea. I would cut back on the retirement account savings...
by mhalley
Sat Apr 20, 2019 10:46 am
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 48
Views: 3990

Re: Fire my financial advisor now or later? (recent windfall help needed)

I don’t think anyone has discussed the Vbtlx yet. I like having some bonds in taxable. Wci also thinks it is fine, though many here don’t agree. https://www.whitecoatinvestor.com/asset-location-bonds-go-in-taxable/ The question is, should you be in taxable bonds or muni bonds. I think munis come out...
by mhalley
Sat Apr 20, 2019 10:29 am
Forum: Personal Investments
Topic: Inheritance With Zero Income, Zero Expenses
Replies: 35
Views: 3899

Re: Inheritance With Zero Income, Zero Expenses

At your tax level any of the funds from the three fund portfolio would be fine in the taxable account. You don’t mention what your second inheritance might be, or whether you need to keep your income at a certain point due to aca or Medicaid. If you are just getting started with investing, start wit...
by mhalley
Fri Apr 19, 2019 4:43 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 1915

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

Here is how the process with keepass works with my iPad. 1. Open keepass and enter code. (Optional) 2. Select keepass file and enter password 3. Select file where password I need is stored, i.e., banking. 4. Select my bank account. 5. Click on my password, it is copied to clipboard 6. Open banking a...
by mhalley
Thu Apr 18, 2019 4:18 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 1915

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

I use keepass as I don't like the idea of my passwords being in the cloud.
by mhalley
Wed Apr 17, 2019 12:51 am
Forum: Personal Investments
Topic: Investment option aside from 401k.
Replies: 21
Views: 1303

Re: Investment option aside from 401k.

No stock mutual fund is “safe”. It dropped 32.5% in 2008. In addition, bogleheads are more inclined to be total return investors rather than dividend investors. Additionally, high dividend funds might be better in tax advantaged accounts. I would recommend the total stock market fund. Low er, good t...
by mhalley
Tue Apr 16, 2019 5:18 pm
Forum: Investing - Theory, News & General
Topic: Reverse Mortgage for Sequence of return risk
Replies: 30
Views: 1292

Re: Reverse Mortgage for Sequence of return risk

In general, reverse mortgages are looked on as a last resort when people don't have enough money to live on. Sequence of returns risk would be better served by adjusting your aa imho. I don't think loans in general are a good way to fund retirement. You don't give any other information so it is hard...
by mhalley
Tue Apr 16, 2019 1:13 pm
Forum: Personal Investments
Topic: How did it come to this? [Help with investments]
Replies: 24
Views: 1819

Re: How did it come to this? [Help with investments]

As said above, rebalance your tax deferred accounts to bonds. Look at the cost basis of your stocks and mutual funds, sell anything that has a loss. Sell some gainers to equal the losers. Figure how much you can afford to pay in taxes and sell that amount yearly going forward. TURN OFF dividend and ...
by mhalley
Tue Apr 16, 2019 12:11 am
Forum: Personal Finance (Not Investing)
Topic: 11th Hour - Roth IRA Over Contributed for 2018
Replies: 7
Views: 703

Re: 11th Hour - Roth IRA Over Contributed for 2018

Since it is such a small amount, maybe you could just pay the excess tax and carry forward the 40 bucks. . Carry forward—You can offset the excess contribution by limiting your annual contribution for the following year to the maximum minus the excess, as long as you qualify to make a contribution. ...
by mhalley
Mon Apr 15, 2019 10:59 pm
Forum: Personal Consumer Issues
Topic: How to fix jerky images on streaming TV?
Replies: 29
Views: 1580

Re: How to fix jerky images on streaming TV?

Another option would be to get an hdmi cable and move the stick so it can get a stronger signal from the router. The tv might be interfering with the signal. I do like the roku boxes better than the sick, but I have an older model. If you have an android phone, get a WiFi analyzer app and see how th...
by mhalley
Mon Apr 15, 2019 10:48 pm
Forum: Personal Investments
Topic: 401k rollover and Backdoor Roth IRA:Am I making correct steps?
Replies: 2
Views: 248

Re: 401k rollover and Backdoor Roth IRA:Am I making correct steps?

1. you are right. 2. If you are transferring the money, you were presumably invested at your desired aa before initiating the rollover. You are not putting new money at work, by putting the money in cash you are attempting to market time. Investing not according to the 3 fund portfolio can be tiltin...
by mhalley
Mon Apr 15, 2019 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 76
Views: 9635

Re: Do not use Personal Capital

Sounds like PC is doing exactly what it is designed to do. If you don’t want to use it because someone else might see your accounts, fine, use a spreadsheet. But if you use mint, or ynab,or Morningstar, they all have the potential for someone looking at the accounts. Everything is spelled out in the...
by mhalley
Mon Apr 15, 2019 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Recharacterizing TRAD Ira
Replies: 3
Views: 205

Re: Recharacterizing TRAD Ira

Deleted
by mhalley
Mon Apr 15, 2019 6:07 pm
Forum: Personal Investments
Topic: Fidelity ZERO Total Market Index closed to new investors?
Replies: 6
Views: 1299

Re: Fidelity ZERO Total Market Index closed to new investors?

Many of thebrokerages have odd rules for what you can buy in their solo 401k plans. As I recall, you couldn’t buy admiral shares with Vanguards plan.
by mhalley
Mon Apr 15, 2019 6:02 pm
Forum: Personal Consumer Issues
Topic: Luxury car recommendations?
Replies: 104
Views: 8147

Re: Luxury car recommendations?

I did the same, buying new but “regular” cars all my life. When it came close to retirement time, my wife and I decided to splurge and bought new luxury cars. I got an Acura TL with awd, and my wife got a BMW X1. We both are very happy with the cars. Was it worth the extra many thousands? Probably n...
by mhalley
Mon Apr 15, 2019 3:14 pm
Forum: Personal Investments
Topic: From "The Bogleheads Guide to Investing" - a question
Replies: 8
Views: 1101

Re: From "The Bogleheads Guide to Investing" - a question

Whether to put muni or taxable bonds in the taxable accounts depends on the tax equivalent yield. The yield on taxable bonds is generally higher than on munis, so often the higher yield makes up for the tax drag, so you make more money after taxes. WCI likes bonds in taxable: https://www.whitecoatin...
by mhalley
Mon Apr 15, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: $29 collections notice
Replies: 31
Views: 2779

Re: $29 collections notice

A collection can really ding your credit report. Do not pay until you have (in writing) that they will remove/not submit this to your credit report. Once you pay, it is no skin off their nose if your credit is hit.
by mhalley
Mon Apr 15, 2019 2:43 pm
Forum: Personal Investments
Topic: 65 Years Old, Left Advisor, Appreciate Feedback on Situation!
Replies: 11
Views: 1080

Re: 65 Years Old, Left Advisor, Appreciate Feedback on Situation!

You can save some on expenses by switching from the tr fund to the s and p 500, total bond and TRP intl fund. TO fully represent the total stock market, you could also add the columbia small cap index with a ratio of about 82% s and p to 18% small cap. This would give you a 3 or 4 fund portfolio wit...
by mhalley
Sun Apr 14, 2019 10:11 pm
Forum: Personal Investments
Topic: whereto put investments -IRA, Roth, brokerage account, 401K?
Replies: 4
Views: 523

Re: whereto put investments -IRA, Roth, brokerage account, 401K?

The main reason to put higher performing assets in a roth is that there are no rmds.
https://obliviousinvestor.com/stocks-in ... ional-ira/
by mhalley
Sun Apr 14, 2019 5:28 pm
Forum: Personal Investments
Topic: Wellesley Income fund Admiral
Replies: 17
Views: 2608

Re: Wellesley Income fund Admiral

The idea is to be more tax effecient, if you replace the fund with similar funds you still would get dividends and interest. Do you want bonds in taxable? They do give taxable interest, unless your tax bracket would justify muni bonds. The best thing in taxable would be the total stock market index ...
by mhalley
Sat Apr 13, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Better banking than USAA
Replies: 10
Views: 1423

Re: Better banking than USAA

There are several large threads on using fidelity cma.

viewtopic.php?t=266538
viewtopic.php?t=276361
by mhalley
Sat Apr 13, 2019 12:55 pm
Forum: Investing - Theory, News & General
Topic: Fund placement: Roth vs. deferred
Replies: 2
Views: 324

Re: Fund placement: Roth vs. deferred

The main advantage to having high growth funds in Roth is that there are no rmds. So I am a fan of stocks in Roth, bonds in regular Ira or 401k. https://obliviousinvestor.com/stocks-in-roth-ira-and-bonds-in-traditional-ira/ https://www.nerdwallet.com/blog/investing/these-are-the-best-roth-ira-invest...
by mhalley
Sat Apr 13, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid throwing money at problems?
Replies: 62
Views: 4188

Re: How to avoid throwing money at problems?

You live your life with choices. You choose to have 3 long haired dogs instead of 1 short haired or no dog, you choose to live on a huge tract of land. Life is a series of choices regarding money vs time. If you don’t have time but have money, you are way ahead of the game because you can throw mone...
by mhalley
Sat Apr 13, 2019 12:08 pm
Forum: Personal Investments
Topic: First post.
Replies: 5
Views: 636

Re: First post.

In general, a low expense, passive, well diversified bond fund of intermediate duration is preferred. Total bond market index fund meets these criteria and is the fund most often used. OTOH, many don’t like bond funds in taxable accounts, so you might want to use the tax advantaged accounts for the ...
by mhalley
Sat Apr 13, 2019 11:59 am
Forum: Personal Investments
Topic: Opening my first Roth IRA Funds - Vanguard Target Retirement vs. Life Strategy vs. others?
Replies: 5
Views: 253

Re: Opening my first Roth IRA Funds - Vanguard Target Retirement vs. Life Strategy vs. others?

Sigh. The goal of low expenses has eclipsed everything else. Sure, a tr fund is more expensive than the underlying individual funds, but it is still very, very, very low. Investing in a tr fund is perfectly fine,(in a tax advantaged account) especially when first staring out and You don’t have enoug...
by mhalley
Sat Apr 13, 2019 10:59 am
Forum: Personal Investments
Topic: Custodial Roth IRA Contribution
Replies: 1
Views: 198

Re: Custodial Roth IRA Contribution

No problem as long as he meets the requirements to contribute.

https://www.schwab.com/resource-center/ ... else-s-ira
by mhalley
Sat Apr 13, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Gifting mutual fund shares to a charity from Vanguard
Replies: 12
Views: 781

Re: Gifting mutual fund shares to a charity from Vanguard

If you have 25k you want to give, it might be easier to use the donor advised fund process. https://www.whitecoatinvestor.com/our-donor-advised-fund-a-personal-experience-with-vanguard-charitable/ Fidelity has lower minimums (5k) so if you don’t want to do 25k you could transfer the money there and ...
by mhalley
Fri Apr 12, 2019 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use an existing Roth IRA with balance for Roth IRA conversion?
Replies: 4
Views: 342

Re: Should I use an existing Roth IRA with balance for Roth IRA conversion?

Using the same Roth and trad Ira for yearly backdoor Roth conversions is fine.
by mhalley
Fri Apr 12, 2019 5:50 pm
Forum: Personal Investments
Topic: Wellesley Income fund Admiral
Replies: 17
Views: 2608

Re: Wellesley Income fund Admiral

There is no magic formula to get out of the fund. You can stop reinvesting dividends, but there is no way to stop the yearly capital gains except to sell the fund and go into something more tax friendly. The plan you mention stinks imho.
by mhalley
Fri Apr 12, 2019 5:43 pm
Forum: Personal Consumer Issues
Topic: Buying a new computer could use advice
Replies: 32
Views: 2639

Re: Buying a new computer could use advice

There is no need to buy a chromebook if you have no need for a laptop. They make a chromebox that is a desktop version. Another option would be to convert the vista or to a version of Linux such as mint or Ubuntu.
Or check out this list
https://www.lifewire.com/best-desktop-pcs-832103
by mhalley
Fri Apr 12, 2019 12:43 am
Forum: Personal Investments
Topic: Where to invest $50k, how to wisely invest $50k
Replies: 13
Views: 1620

Re: Where to invest $50k, how to wisely invest $50k

Be aware that the maximum contribution to iras include both roth and traditional. Ie, if you max out a roth, you can't put more money in a traditional ira. Plus if doing backdoor roths, you can't have any money in tira as of dec 31. Depending on your tax bracket, you might want to use a muni fund in...
by mhalley
Thu Apr 11, 2019 9:14 pm
Forum: Personal Consumer Issues
Topic: Wifi range from Ring doorbell
Replies: 8
Views: 658

Re: Wifi range from Ring doorbell

I had to add an extender to get my ring to work. I am somewhat unhappy with its performance, even though it says it has good signal strength, it often won’t connect after someone pushes the doorbell.. I think it is because it has to wake up from battery save mode. Overall I probably wouldn't buy it ...