Search found 5174 matches

by mhalley
Fri Dec 15, 2017 2:58 am
Forum: Investing - Help with Personal Investments
Topic: Stop adding to 529 in favor of 401k because of GI Bill benefit
Replies: 6
Views: 580

Re: Stop adding to 529 in favor of 401k because of GI Bill benefit

529 contributions are optional, but retirement savings are not. There are many ways to pay for college: military service, working, scholarships and grants, loans, exes gi bill, emplyoyee benefits, etc. There are no other ways to retire (unless you have a terrific pension plan) other than saving for ...
by mhalley
Thu Dec 14, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Contributing to a HSA after retirement
Replies: 5
Views: 527

Re: Contributing to a HSA after retirement

I retired and have an HSA eligible health plan. I deduct the HSA contribution, and since my premiums are so high I deduct the amount over 10% if my income as well.
by mhalley
Thu Dec 14, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: I I have rollover IRA, do I need to make new traditional IRA for backdoor roth?
Replies: 7
Views: 453

Re: I I have rollover IRA, do I need to make new traditional IRA for backdoor roth?

That is the main reason to not comingle traditional and rollover IRAs, to avoid a problem if at some point you would want to rollover money back into a 401k. The main reasons to roll back into a 401k would be to do backdoor Roth's, it if you became eligible to contribute to the TSP, to gain access t...
by mhalley
Thu Dec 14, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: I’ve made huge errors and hope it’s not too late
Replies: 32
Views: 3433

Re: I’ve made huge errors and hope it’s not too late

Many people put off thinking about retirement until they are around your age. The great news is that you have a huge income and no non mortgage debt. If you buckle down and start saving at a high rate, you can do it. Check out Mr Money Mustache post on simple math, run some retirement planners at fi...
by mhalley
Thu Dec 14, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 27
Views: 1394

Re: any sense in purchasing an annuity before retirement?

SPIA is certainly a reasonable approach for a portion of your portfolio. 52 seems a little young, waiting and doing an annuity ladder might be a better plan. Plus I would not buy one until you actually retire. I often see 65 or 70 as the time to consider spia purchases. Check out the age vs payout g...
by mhalley
Thu Dec 14, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Ineligible Roth IRA Contributions - Recharacterization?
Replies: 5
Views: 282

Re: Accidental Ineligible Roth IRA Contributions - Recharacterization?

Oops, looks like you caught the mistake too late to correct it this year: . Is there a minimum waiting period to reconvert the money to a Roth IRA following a recharacterization? Yes, if you recharacterize all or part of a rollover or conversion to a Roth IRA, you cannot reconvert the amount rechara...
by mhalley
Thu Dec 14, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Funds To Vanguard & My Portfolio
Replies: 2
Views: 285

Re: Moving Funds To Vanguard & My Portfolio

1. Either is fine. You might get a better interest rate at an online bank, but that is not that important for an emergency fund, the main thing is that it is safe and liquid. 2. Seems like a reasonable aa. 3. I would not change your aa to achieve a few bp reduction in er by getting admiral funds. On...
by mhalley
Wed Dec 13, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Do I qualify for an HSA?
Replies: 5
Views: 283

Re: Do I qualify for an HSA?

Deductable are not the only requirement that must be met for a plan to be hsa eligible. . under an HDHP, no other benefits are provided until the insured has met the deductible. That means HDHPs cannot have copays for office visits or prescriptions prior to the deductible being met (as opposed to a ...
by mhalley
Wed Dec 13, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: I I have rollover IRA, do I need to make new traditional IRA for backdoor roth?
Replies: 7
Views: 453

Re: I I have rollover IRA, do I need to make new traditional IRA for backdoor roth?

The old Ira would remain open, just have zero dollars in it. It is ok to use the old account for new contributions. If you are ever in a situation to roll another 401k int an IRA, I would not commingle the money, but since the balance would be zero and you will be doing backdoor roths, just using th...
by mhalley
Wed Dec 13, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from a CFP to ?
Replies: 4
Views: 346

Re: Moving from a CFP to ?

Sounds like you already have a reasonable portfolio, I see no reason you can’t do it yourself from now on. If you don’t want to do that, them paying vanguard .3% would be better than the 1% you are paying now, or put it in the lifestrategy moderate growth fund that is 60/40 and not pay any advisor f...
by mhalley
Wed Dec 13, 2017 2:08 am
Forum: Investing - Help with Personal Investments
Topic: Re-balance IRA Question - Need Help!
Replies: 3
Views: 335

Re: Re-balance IRA Question - Need Help!

In the short term, the nav of the bond funds will decrease if interest rates rise, but you will then have increased yields, and when you buy new shares they will have the higher yield. As long as you will be holding them for the long term, having all your bonds in tbm is fine. https://investornews.v...
by mhalley
Tue Dec 12, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Shift bonds from IRA to 529?
Replies: 4
Views: 343

Re: Shift bonds from IRA to 529?

I don’t consider my 529 plan as being part of my asset allocation or net worth. Certainly if you have reached your goal, adjusting the 529 allocation is reasonable, but I don’t think I would change my retirement account aa. Depending on the size of the 529 compared to your retirement accounts, how m...
by mhalley
Tue Dec 12, 2017 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Vanguard through TIAA-CREF
Replies: 17
Views: 924

Re: Investing in Vanguard through TIAA-CREF

The 500 fund consist only of US companies, but since many of them are global, some (Jack Bogle) don’t think intl investing is needed. People who work in financial services don't have one shred of concern about the well-being of the people they serve. They're only interested in themselves. Barry Schw...
by mhalley
Tue Dec 12, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Question about Beneficiary IRA & Investing?
Replies: 4
Views: 363

Re: Question about Beneficiary IRA & Investing?

One thing you might consider is withdrawing a little extra each year, pay taxes on it, and contribute to a Roth IRA. That will eliminate the need for rmds and allow for tax free growth for the rest of your life.
http://time.com/money/3835309/retiremen ... tion-roth/
by mhalley
Tue Dec 12, 2017 7:21 pm
Forum: Investing - Theory, News & General
Topic: Backdoor process clarification
Replies: 5
Views: 587

Re: Backdoor process clarification

Any IRA that does not have Roth IRA in it needs to be zero, except for inherited IRA. Traditional Ira, rollover Ira, sep Ira, contributory Ira, all zero.
by mhalley
Tue Dec 12, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Late Bloomer Baby Boomers
Replies: 3
Views: 785

Re: Late Bloomer Baby Boomers

Welcome to the forum. The Aa plan looks reasonable. i Don’t know that investing in non deductable iras it that good an idea if you are not doing backdoor roths. As to deploying assets accross accounts, look at your overall portfolio and create your asset allocation accordingly, using tax inefficient...
by mhalley
Tue Dec 12, 2017 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: 529 for Niece/Nephew
Replies: 2
Views: 387

Re: 529 for Niece/Nephew

It doesn’t matter which state plan you use, just pick the best one. Look at the deans list list with high honors. I would do seperate plans for each child. http://clark.com/education/clarks-529-plan-guide/ There are advantages of the parent owning the plan. If the child’s parents have opened one, th...
by mhalley
Tue Dec 12, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: Backdoor process clarification
Replies: 5
Views: 587

Re: Backdoor process clarification

You need to have zero in other iras by dec 31 of the year you rollover the Ira into the Roth to avoid the pro rate rule. Sounds like you have the 8606 forms correct. https://thefinancebuff.com/backdoor-roth-tax-return-made-easy.html It might be easier (if you have the money) to go ahead and make you...
by mhalley
Tue Dec 12, 2017 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Quick one IRAs
Replies: 1
Views: 118

Re: Quick one IRAs

At 400k you are over the limit for Roth and deductable IRAs. You can get around this by doing a backdoor Roth IRA. Here is a good tutorial.
You can put 5500 for you and 5500 for spouse.
https://www.whitecoatinvestor.com/backd ... -tutorial/#
by mhalley
Tue Dec 12, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 59
Views: 4985

Re: Year end review with less nerdy spouse

After securing my wife in the Clockwork Orange chair, I discuss our change in net worth, how much we spent for the year, and review how to use KEEpass to get the passwords for the accounts. Suggest she use Vanguard PAS if I get hit by a bus. Looking forward to an I told you so as she wanted us to ge...
by mhalley
Mon Dec 11, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: TSP allocation
Replies: 9
Views: 433

Re: TSP allocation

What is your withdrawal rate? You mention distribution but I think you mean asset allocation. I would say yours is a little conservative, I am 63 and retired with a 50/50 aa. AA is a personal choice, in general 30% the lowest you can go and still beat inflation. What are your aa plans going forward?...
by mhalley
Sun Dec 10, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Recommend where to locate roll over IRA
Replies: 12
Views: 808

Re: Recommend where to locate roll over IRA

You can create an account without funding it I believe, then you can more fully evaluate their offerings.
by mhalley
Sat Dec 09, 2017 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Recommend where to locate roll over IRA
Replies: 12
Views: 808

Re: Recommend where to locate roll over IRA

Schwab is fine if you really want the third account. I agree that simplicity is great, but I too wanted brokerage diversity, and continued with fidelity and schwab after retiring instead of rolling everything to the big V. They offer many services not needed by the buy and hold investor, so just ign...
by mhalley
Sat Dec 09, 2017 11:21 pm
Forum: Personal Consumer Issues
Topic: Can I install and run two different hrblock tax programs on same computer?
Replies: 2
Views: 292

Re: Can I install and run two different hrblock tax programs on same computer?

I know nothing about macs, so just brainstorming. How about partitioning the drive and installing another instance of macOS on it. Boot into the new partition, download and install the tax program in the new partition, register it using a different email address. https://www.imore.com/how-partition-...
by mhalley
Sat Dec 09, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall and Personal Retirement
Replies: 4
Views: 816

Re: Windfall and Personal Retirement

It is not the AA per se, but the fees. Money payed to an advisor is money that does not grow and compound. I imagine you are paying at least 1.2% in fees. Using this calculator, https://www.dinkytown.net/java/CompareFees.html I put in the 220k and compared .2 vs 1.2% fees over 20 years. At a 7% retu...
by mhalley
Sat Dec 09, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Amount Contributed to Roth on Fidelity Site?
Replies: 6
Views: 315

Re: Amount Contributed to Roth on Fidelity Site?

Sounds like it would be better to deposit the money into a taxable account so you don’t have to worry about something as important as overcontributing to an IRA.
by mhalley
Sat Dec 09, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Amount Contributed to Roth on Fidelity Site?
Replies: 6
Views: 315

Re: Amount Contributed to Roth on Fidelity Site?

Did you set it up to automatically deposit the rewards, or on demand? Go to the credit card snapshot page to see your total rewards. Or go to the Rewards Center. https://login.fidelityrewards.com/onlineCard/login.do This video might help. https://www.fidelity.com/learning-center/tools-demos/cash-man...
by mhalley
Sat Dec 09, 2017 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for setting up 401K retirement plans for medical practice
Replies: 14
Views: 846

Re: Suggestions for setting up 401K retirement plans for medical practice

Wow, Guideline is cheaper and has a great fund lineup and NO AUM. $500 setup, 8 dollars a month per employee, so 12 is $1152 per yr. Definitely looks worth checking out.
by mhalley
Sat Dec 09, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring mutual fund to another
Replies: 3
Views: 219

Re: Transferring mutual fund to another

Vanguard has a form for this here: https://www.vanguard.com/pdf/s209.pdf You fill out your portion of the form, then give it to the recipient to fill out and mail it to Vanguard. Note that you need a Medallion Signiture Guarantee, which can be a hassle. Looks like the person receiving the gift does ...
by mhalley
Sat Dec 09, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth Question
Replies: 4
Views: 624

Re: Back Door Roth Question

Pennies don’t matter as they round off to zero if less than 50 cents. https://www.whitecoatinvestor.com/pennies-and-the-backdoor-roth-ira/ I am no tax expert, but whether you lost money doesn’t matter. You pay taxes on the actual amount of the rollover. You will get a 1099r for the rollover. https:/...
by mhalley
Sat Dec 09, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Pakistan Real Estate?
Replies: 38
Views: 3439

Re: Dubai and Pakistan Real Estate?

Not advocating this by any means. Difficult to find a pure reit play from within the US. THIS REIT has about 30 per cent reit in UAE. https://www.forbes.com/sites/kenrapoza/2015/01/26/how-to-buy-into-uaes-futuristic-real-estate-market/#62b9db25491e http://portfolios.morningstar.com/fund/summary?t=UA...
by mhalley
Sat Dec 09, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for setting up 401K retirement plans for medical practice
Replies: 14
Views: 846

Re: Suggestions for setting up 401K retirement plans for medical practice

Sounds expensive. WCI recommends employee fiduciary I believe. Employee Fiduciary has very low fees, $500 to start a new plan or for you, $1000 to convert an old plan. You would then pay $1500 a year (plus $30 a year for each employee above and beyond the 30 employees that the $1500 covers) plus 0.0...
by mhalley
Sat Dec 09, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: I don't know how it happened! [starting new business soon, how to avoid 1% AUM cost]
Replies: 14
Views: 1212

Re: I don't know how it happened! [starting new business soon, how to avoid 1% AUM cost]

Depending on your current fund expenses, it might be better to just keep your 401k with them, 401k provides better creditor protection than IRAs, which might be an advantage for someone starting a new business. https://www.irahelp.com/slottreport/5-retirement-account-creditor-protection-myths-and-wh...
by mhalley
Sat Dec 09, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for Minors, can I invest without a 1099?
Replies: 8
Views: 653

Re: Roth IRA for Minors, can I invest without a 1099?

You don’t have to prove income to vanguard, the notebook is just in case the IRS decides to do an audit.
by mhalley
Sat Dec 09, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: Please suggest a dry hands product
Replies: 82
Views: 3448

Re: Please suggest a dry hands product

One option is to use special gloves with your preferred cream at night to keep the lotion in place to work and keep it from getting on the linens and your hair. Or some have the lotion built in.

https://health.howstuffworks.com/skin-c ... gloves.htm
by mhalley
Sat Dec 09, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Where to roll inherited 401K and IRA to?
Replies: 2
Views: 155

Re: Where to roll inherited 401K and IRA to?

Sorry for your loss. Bonuses aside, why not just keep the funds at fidelity? Fidelity has a fine stable of cheap funds and ETFs, excellent web site and customer service. If you really want that etrade bonus, why not just move the funds in the 401k into ones etrade will rollover in kind before you in...
by mhalley
Sat Dec 09, 2017 12:02 pm
Forum: Personal Consumer Issues
Topic: Unable to recover or create new Morningstar Discuss account. Help.
Replies: 2
Views: 206

Re: Unable to recover or create new Morningstar Discuss account. Help.

I don’t have a Morningstar account, but looking at the site it appears to use your email address as your user name. Have you put in your full email address you used to create your account?
You also might try the get human phone number for help.
https://gethuman.com/phone-number/Morningstar
by mhalley
Sat Dec 09, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity iShares vs Index Funds for Rollover IRA
Replies: 5
Views: 336

Re: Fidelity iShares vs Index Funds for Rollover IRA

How much fun can rebalancing once a year be? :happy I think your reasons to not use the ETF make sense. Look at what happened with TDA that recently got rid of free Vanguard ETF trades. In the end, either is probably fine. Here is an article discussing some disadvantages of bond ETFs. https://www.fo...
by mhalley
Sat Dec 09, 2017 11:45 am
Forum: Investing - Help with Personal Investments
Topic: taking distributions from 401K Impact on IRMAA need SHIP help
Replies: 23
Views: 1900

Re: When to start taking distributions from 401K

The appeal sounds like a good idea, the HHS web site certainly lists work stoppage as a valid reason to appeal.

https://www.hhs.gov/about/agencies/omha ... index.html
by mhalley
Fri Dec 08, 2017 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Got a little carried away, now stuck...
Replies: 12
Views: 2778

Re: Got a little carried away, now stuck...

Either of the two portfolios is fine, what is not fine is constantly changing the portfolio. I suggest you decide what you want your portfolio to be, then write out an IPS and stick with it. https://www.bogleheads.org/wiki/Investment_policy_statement Also, you might consider the fidelity 2050 INDEX ...
by mhalley
Thu Dec 07, 2017 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Roth Conversion vs Healthcare Subsidies
Replies: 15
Views: 1146

Re: Early Retirement Roth Conversion vs Healthcare Subsidies

I decided to do the conversions and forgo the subsidy’s, but it depends on your net worth, amount in your IRAs, projected tax bracket after rmds kick in, etc.
by mhalley
Thu Dec 07, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 54
Views: 3502

Re: Should I file taxes w/o her?

Seems like you are looking at this the wrong way. You say “I” got murdered, but you are married and I would imagine that you have a joint financial life. Are you saying that you had to pay the extra taxes out of your personal money? Perhaps you need to have a discussion about equitable distribution ...
by mhalley
Thu Dec 07, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Young Investor - Add to company 457(b) or begin a Roth?
Replies: 6
Views: 380

Re: Young Investor - Add to company 457(b) or begin a Roth?

Roth would probably have much lower fees than the 457. Be aware the 457 does have some advantages with withdrawals before fra over other retirement accounts. The key difference is that unlike with a 401(k) plan, there is no 10% penalty for withdrawal before the age of 55 (59½ for IRA accounts) (alth...
by mhalley
Thu Dec 07, 2017 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Non-retirement savings newbie help
Replies: 4
Views: 505

Re: Non-retirement savings newbie help

Money needed within 5 years should be saved, not invested. CDs or high yield savings. If you want to risk a portion of the money, check out this post/podcast ny doughroller.
https://www.doughroller.net/investing/t ... vestments/
by mhalley
Thu Dec 07, 2017 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Personal capital allocation tool problem
Replies: 6
Views: 524

Re: Personal capital allocation tool problem

You could add a manual account to PC under your investment accounts, list the cash there and adjust as needed.
by mhalley
Thu Dec 07, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about Taxable Account and paying Taxes
Replies: 4
Views: 538

Re: Confused about Taxable Account and paying Taxes

1. Vanguard will keep track of your tax lots. Be sure to setup your accounts for the best way to minimize taxes, usually spec id. https://investor.vanguard.com/taxes/cost-basis/specific-identification https://www.investopedia.com/articles/05/taxlots.asp Vanguard does not withhold taxes on interest, ...
by mhalley
Wed Dec 06, 2017 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help- late beginner opening a ROTH at Vanguard
Replies: 3
Views: 380

Re: Help- late beginner opening a ROTH at Vanguard

The sooner you start really saving for retirement, the sooner you can retire or retire with a larger income. As long as you will be fully vested in the 401k, there is no need to delay contributions because you are leaving next year. If you are not able to max the 401k and the Roth and hsa, then inve...
by mhalley
Wed Dec 06, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Best financial/Investing book in your opinion to read
Replies: 7
Views: 823

Re: Best financial/Investing book in your opinion to read

One recommendation is to read 3 types of financial books to start your investor education. One on investing basics, one in behavioral aspects of investing, and one on general personal finance, wci has a good list also. The list is aimed at physicians, but you can just skip that category. https://www...
by mhalley
Wed Dec 06, 2017 2:23 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond fund for low tax bracket?
Replies: 3
Views: 596

Re: Vanguard Total Bond fund for low tax bracket?

I wouldn’t consider tbm to be racy. What is her need for the money? Maybe you could get real racy with something like tr income or lifestrategy conservative or Wellesley income.