Search found 5406 matches

by mhalley
Sun Feb 25, 2018 4:20 pm
Forum: Investing - Theory, News & General
Topic: Amount of stocks before retirment
Replies: 3
Views: 154

Re: Amount of stocks before retirment

Vanguards target retirement funds used to be more conservative, thus other companies tr funds always outperformed them. After several years of this, vanguard increased its stock allocation by 10-20%, thus becoming "competative". AA is a personal decision, if you want to go with a tr fund, pick the o...
by mhalley
Sun Feb 25, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Need help reducing investment expenses for my Mother (and any other advice)
Replies: 6
Views: 143

Re: Need help reducing investment expenses for my Mother (and any other advice)

There is no need to actually look at the accounts, the word prudential automatically means she is paying too much in fees. Transferring to vanguard pas cuts the 1.45 to 0.3, and the fund fees to 0.1 or less. Do it tomorrow. A quick glance at the holdings show that the advisor is not even following y...
by mhalley
Sun Feb 25, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: new here...vanguard help
Replies: 2
Views: 81

Re: new here...vanguard help

Welcome to the forum. You should look at your overall asset allocation to determine what you should invest in aside from your tsp. The goto around here is total stock market, total international stock market and total bond market in an asset allocation that lets you sleep well at night. I prefer sto...
by mhalley
Sun Feb 25, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: How can I allow a family member to access my account, or money, to manage my money?
Replies: 8
Views: 395

Re: How can I allow a family member to access my account, or money, to manage my money?

I don’t know if this is a good idea, but you can always open up an account and give your cousin the username and password, you can fill out an agent authorization form to legally allow him access. Here is Vanguards https://advisors.vanguard.com/iwe/pdf/AGENT.pdf Certainly I would have some type of c...
by mhalley
Sun Feb 25, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Please educate me on Sequence Risk in today’s environment
Replies: 15
Views: 405

Re: Please educate me on Sequence Risk in today’s environment

Some advocate mitigating sequence risk by starting retirement with a lower stock aa, then letting the stock allocation rise as opposed to the standard rising bond aa. Kitces has several articles on this. I have not embraced this myself, deciding to just stick with a 50/50 aa. https://www.kitces.com/...
by mhalley
Sat Feb 24, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: What to do — forgot to file gift tax for 529 plan contribution
Replies: 7
Views: 694

Re: What to do — forgot to file gift tax for 529 plan contribution

Front loading is a special case. Did you fill out the form correctly? Shouldn’t you have filled it out for 70k? I thought you filled it out that year, and as long as you did not continue to contribute for the next 5 years you did not have to file form 709 again. Perhaps you need to fill out an amend...
by mhalley
Sat Feb 24, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Rick Ferri Fixed Income Portfolio Funds
Replies: 21
Views: 2627

Re: Rick Ferri Fixed Income Portfolio Funds

There were many lively discussions in the past between Rick and others over the value of adding high yield. There were also many discussions about commodities. High yield continues to come up, but commodities not so much. International has underperformed quite a bit lately, we will see if it makes u...
by mhalley
Sat Feb 24, 2018 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Low-cost Financial Advisor options for parents
Replies: 17
Views: 804

Re: Low-cost Financial Advisor options for parents

We don’t know if they need to take risk or not. Maybe they want to leave money for heirs or charity. If one dies, ss is cut. We don’t know if pension is cut also, but certainly there is a good chance. The death of one also results in increased taxes. Inflation remains a risk, as there is a possibili...
by mhalley
Sat Feb 24, 2018 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Low-cost Financial Advisor options for parents
Replies: 17
Views: 804

Re: Low-cost Financial Advisor options for parents

You have a bad case of powdered butt syndrome. Dave Ramsey defines this as anyone that powdered your butt will never take financial advice from you. 1.26% is huge. How about fidelity go? It has the roboadvisor aspect your dad likes, plus the ability to walk into an office. Vanguards pas is certainly...
by mhalley
Sat Feb 24, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: ditched our FA, what to do with this 1099
Replies: 3
Views: 338

Re: ditched our FA, what to do with this 1099

The main thing is to ensure the right boxes are checked to ensure the money is correctly reported as a rollover and no taxes are owed. This sumarizes what the various numbered boxes are and where to put them on your income tax forms. https://www.finweb.com/retirement/understanding-form-1099-r.html h...
by mhalley
Sat Feb 24, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to invest annual bonus?
Replies: 4
Views: 372

Re: How to invest annual bonus?

The general recommendation is to invest money as soon as you have it available to invest. The market in general goes up 66% of the time. Trying to buy on dips is impossible to pull off. If you are concerned about marker volatility then your asset allocation is wrong and you need to rethink your risk...
by mhalley
Sat Feb 24, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: manual typewriters?
Replies: 39
Views: 1317

Re: manual typewriters?

I remember learning to type on a manual in high school. What a pain! I recall having a Smith corona at some point. Typing on a manual can be quite frustrating as getting those pinky’s to strike hard enough to get a good impression can be difficult. Any chance an electric might work for her? I rememb...
by mhalley
Fri Feb 23, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Learnvest for Financial Advice to Convince Wife?
Replies: 34
Views: 1891

Re: Should I Pay Learnvest for Financial Advice to Convince Wife?

Sometimes it takes an impartial third party to convince people that know you well that you actually know what you are talking about. I don’t know anything about learnvest, but even if you had to pay a couple thousand to somebody like garretplanning network would be well worth it. But if you can’t co...
by mhalley
Thu Feb 22, 2018 1:24 pm
Forum: Investing - Theory, News & General
Topic: What's the impact of no more Roth recharacterization?
Replies: 30
Views: 2845

Re: What's the impact of no more Roth recharacterization?

Recharacterization remains for the backdoor roth CONTRIBUTIONS, but not for Roth CONVERSIONS. See irs faq.
https://www.irs.gov/retirement-plans/ir ... tributions
by mhalley
Thu Feb 22, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Considerations
Replies: 14
Views: 1227

Re: HSA Considerations

Edited post to reflect state taxes.
by mhalley
Thu Feb 22, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance when retiring or self employed before Medicare age?
Replies: 14
Views: 886

Re: Health insurance when retiring or self employed before Medicare age?

Healthcare is in extreme flux right now, hard to predict costs next year, let alone 15 years from now. I elected to not take the subsidy in order to do Roth conversions, and this year at age 63 our yearly health insurance premium is 29k. Hopefully next year there will be a true catastrophic plan we ...
by mhalley
Thu Feb 22, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Considerations
Replies: 14
Views: 1227

Re: HSA Considerations

HSA is great if you have good health and an emergency fund for potential healthcare expenses. Triple tax advantaged savings*(in most states), growing tax free for 30 years is wonderful. Sure, it’s a hassle to keep medical bills for that long, but well worth it. https://www.whitecoatinvestor.com/reti...
by mhalley
Thu Feb 22, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: First time poster looking for advice [traditional IRA with pension]
Replies: 5
Views: 370

Re: First time poster looking for advice [traditional IRA with pension]

Does he max out the 401k? If so, then I second the backdoor Roth.
by mhalley
Thu Feb 22, 2018 12:00 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard: exchange or buy/sell?
Replies: 8
Views: 577

Re: Vanguard: exchange or buy/sell?

Deleted due to op clarification.
by mhalley
Wed Feb 21, 2018 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? ** How to deduct in 2018??
Replies: 91
Views: 4951

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

Wife and I are 63 and bronze plan is over 2400 a month so the price for an unsubsidized silver plan seems correct.
by mhalley
Tue Feb 20, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Wealthfront vs Vanguard 3 or 4 Fund for taxable account
Replies: 1
Views: 304

Re: Wealthfront vs Vanguard 3 or 4 Fund for taxable account

I doubt the tlh is worth the expense in a low tax bracket. They say that the value exceeds their fee here: https://blog.wealthfront.com/real-value-tax-loss-harvesting/ And they specifically state .Note that the ultimate benefit each client will receive will depend on her particular tax rate. And her...
by mhalley
Tue Feb 20, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Paying for expedited credit card replacements?
Replies: 16
Views: 595

Re: Paying for expedited credit card replacements?

I seem to recall American Express advertising that option, but I don’t recall others doing that. If you have a lot of bills on autopay, I would get 3-4 cards and divide them up to prevent this in the future. This article lists several cc with free rush delivery. https://www.creditcards.com/credit-ca...
by mhalley
Tue Feb 20, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance question
Replies: 7
Views: 374

Re: Life insurance question

In general, your main life insurance should be a 20-30 year level term policy, unrelated to your job, of about 10-12 x income. You could get hit by a bus tomorrow leaving you unable to return to work, so no life insurance. Or you could be fired, laid off, or downsized. https://clark.com/insurance/li...
by mhalley
Tue Feb 20, 2018 12:50 pm
Forum: Investing - Theory, News & General
Topic: Does Non-deductible IRA make sense
Replies: 7
Views: 612

Re: Does Non-deductible IRA make sense

Bonds are not the pariah in taxable accounts they used to be. If you do not plan on doing Roth conversions, then you are better just investing in taxable, even putting bonds in taxable as opposed to a non deductable Ira. https://www.whitecoatinvestor.com/asset-location-bonds-go-in-taxable/ https://w...
by mhalley
Tue Feb 20, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Stock value for Roth conversion
Replies: 5
Views: 426

Re: Stock value for Roth conversion

I think your brokerage will report the price as the closing price. This year I finished converting my schwab Ira to Roth, and had a few $ leftover for my conversions this year, so I ended up trying a stock conversion for the first time from another Ira. When I look at my Jan statement, it shows a Ro...
by mhalley
Tue Feb 20, 2018 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 25
Views: 3214

Re: Spending and saving - am I on it, or in for it?

You are still fairly young, you can save quite a bit in 20 years. Real estate investing can be a viable alternative for retirement saving, but most bogleheads would not recommend it over maxing out retirement accounts. You can find other sites on the inter webs for real estate investing. As a retire...
by mhalley
Tue Feb 20, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: How would you proceed at age 29?
Replies: 17
Views: 2256

Re: How would you proceed at age 29?

Sounds like you are off to a good start. I would focus on bumping your savings rate to max out the 401k and roths. The emergency fund seems light. You might be a candidate for a somewhat early retirement, but that would involve some cutbacks in your expenses. Once your fiance enters the workforce, y...
by mhalley
Mon Feb 19, 2018 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Adviser said I made a big mistake switching 403b to Aspire??
Replies: 19
Views: 1485

Re: Adviser said I made a big mistake switching 403b to Aspire??

It was a HUGE mistake. Your advisor was counting on that money for his Mercedes payment, now he has to look elsewhere. :beer
by mhalley
Mon Feb 19, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 138
Views: 5993

Re: Long term care insurance

Clark Howard has a few recommendations. In the last few years, many companies have stopped writing policies, he is down to about five now.
https://clark.com/insurance/long-term-c ... ance-help/
by mhalley
Mon Feb 19, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring from Financial Advisor
Replies: 12
Views: 1260

Re: Transferring from Financial Advisor

some people need the comfort of an FA, but 1% is a huge amount to give up. You could always do vanguard pas for a year at .3% until you feel you have a good handle on doing it yourself. There are many threads on the big 3 brokerages, you can’t go wrong with any of them as long as you realize that fi...
by mhalley
Sun Feb 18, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: High Fees on Asset Allocation Portfolio - looking to get out
Replies: 6
Views: 620

Re: High Fees on Asset Allocation Portfolio - looking to get out

Look into transferring the funds in kind, then sell gradually to limit capital gains. You don’t need to pay for another financial advisor. The 3 fund portfolio is easy to maintain. Check fidelity, schwab and vanguard to ensure all the funds are transferable. Turn off capital gain reinvestment to avo...
by mhalley
Sun Feb 18, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 105
Views: 10301

Re: Bogleheads with $100K+ MSRP cars?

I would get one, but the temptation to shoot it into space would be impossible to resist.

https://www.theverge.com/2018/2/17/1701 ... lcon-heavy
by mhalley
Sun Feb 18, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Retired with backdoor roth quesiton
Replies: 5
Views: 312

Re: Retired with backdoor roth quesiton

Roth conversions can make sense in early retirement for multiple reasons, including decreasing RMDs ( which can decrease Medicare premiums and taxes on SS), having a Roth account for heirs to reduce their taxes, etc. You can run some numbers at i-orp (note that they can be pretty aggressive) Remembe...
by mhalley
Sat Feb 17, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Catastrophic medical insurance
Replies: 8
Views: 635

Re: Catastrophic medical insurance

Probably should have specified, that Is for spouse and I.
by mhalley
Sat Feb 17, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 59
Views: 5807

Re: Amazon Alternative

I understand Sams club has instituted a prime type account with 2 day shipping for 100 bucks a year. . What are the benefits of Plus membership? In addition to Free Shipping for Plus, there are many benefits to a Plus membership: Earn Cash Rewards. Get $10 for every $500 spent in qualifying purchase...
by mhalley
Sat Feb 17, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: cybertheft from brokerage and retirement accounts after Equifax identity theft
Replies: 23
Views: 2864

Re: cybertheft from brokerage and retirement accounts after Equifax identity theft

I was listening to the Clark Howard podcast and he discussed a growing problem of Sim card hijacking, which could negate 2 factor authentication using your cell phone. He recommends adding a pin to your cell phone account to minimize the possibility.
by mhalley
Sat Feb 17, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Catastrophic medical insurance
Replies: 8
Views: 635

Re: Catastrophic medical insurance

I have 2 years until Medicare kicks in, this year my premiums for high deductable plan exceed 2500 a month. Hopefully next year I can get some type of catastrophic coverage to tide my wife and I over till age 65.
by mhalley
Sat Feb 17, 2018 2:06 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Income- ROTH last?
Replies: 5
Views: 797

Re: Retirement Income- ROTH last?

The reasoning is that it has the chance to grow free of any taxes. Doing Roth conversions early is recommended. Kitces has a good article on this here. https://www.kitces.com/blog/tax-efficient-retirement-withdrawal-strategies-to-fund-retirement-spending-needs/ . Ultimately, the combination of takin...
by mhalley
Sat Feb 17, 2018 1:51 am
Forum: Personal Finance (Not Investing)
Topic: Tax sheltered saving or value mining?
Replies: 3
Views: 289

Re: Tax sheltered saving or value mining?

If you are self employed you can put the employee portion (18.5k) AND the employer portion for a total of 55k in tax deferred.

https://www.irs.gov/retirement-plans/on ... 401k-plans
by mhalley
Thu Feb 15, 2018 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: When is the best time to contribute to an IRA?
Replies: 7
Views: 1000

Re: When is the best time to contribute to an IRA?

0 percent is long term cap gains, are you going to keep it in taxable for a year before moving it to roth? If nothing else, it makes your taxes more complicated.
by mhalley
Wed Feb 14, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: What to do with additional funds?
Replies: 3
Views: 271

Re: Boglehead Baby Steps?

I would stop putting money towards house and 529 until all retirement savings are maxed out.i don’t see a rate on the mortgage, but I am assuming it is less than 4%.
by mhalley
Wed Feb 14, 2018 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Tax Advantaged Account Options to Hold Investments In
Replies: 1
Views: 133

Re: Tax Advantaged Account Options to Hold Investments In

I don’t think there are many Dalit fans here, but there are ways of accessing retirement accounts befor 59.5 Mad Fientist has a good post here: https://www.madfientist.com/how-to-access-retirement-funds-early/ Another option is to invest in hsa, then withdraw the amount that will have no taxes due t...
by mhalley
Tue Feb 13, 2018 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie / Vanguard initial investment
Replies: 7
Views: 592

Re: Newbie / Vanguard initial investment

Asset allocation is a very personal decision, 60/40 is conservative, but it is not outside the range of a reasonable portfolio. I prefer investments with the most potential for growth in the Roth (ie stock funds). I don’t like balanced or target funds in taxable accounts due to the loss of the abili...
by mhalley
Tue Feb 13, 2018 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Transaction Fees, Anyway Around Them?
Replies: 3
Views: 273

Re: Roth IRA Transaction Fees, Anyway Around Them?

Remember that the minimum for most vanguard funds is $3000, except for target retirement and star funds. If you want to hold vanguard funds, then vanguard is the best place to do so. Schwab and fidelity also offer inexpensive index funds.
by mhalley
Tue Feb 13, 2018 1:38 am
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2542

Re: rmd disaster

Vanguard has a free rmd service. https://personal.vanguard.com/us/whatweoffer/accountservices/requiredminimumdistribution I don’t think any paperwork is required until next years taxes are due. If you turned 70.5 in January 2018 no rmds are due till dec 31 2018. Vanguard doesn’t purchase an annuity ...
by mhalley
Tue Feb 13, 2018 1:28 am
Forum: Investing - Help with Personal Investments
Topic: Withdraw from Roth IRA to contribute to TIRA now? (potential income limit tax issues)
Replies: 2
Views: 319

Re: Withdraw from Roth IRA to contribute to TIRA now? (potential income limit tax issues)

Do you still want to contribute to the Roth? If so, recharacterize the Roth contribution to traditional, then contribute to the traditional Ira and do a backdoor Roth. You need to wait 30 days before doing the backdoor Roth.

https://www.rothira.com/5-questions-rot ... erizations
by mhalley
Tue Feb 13, 2018 12:51 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Prime Reading
Replies: 2
Views: 507

Re: Amazon Prime - Prime Reading

The kindle unlimited books are available for purchase if you are not an unlimited subscriber. If you are looking for the free kindle prime books, try here: https://www.amazon.com/Kindle-Store-Prime-Reading-Eligible/s?ie=UTF8&page=1&rh=n%3A133140011%2Cp_n_special_merchandising_browse-bin%3A1480708001...
by mhalley
Tue Feb 13, 2018 12:43 am
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2542

Re: rmd disaster

Don’t panic. I believe rmds are due by dec 31 of the year you turn 70.5, not due in January. More Concerning is that you don’t seem to know how your funds are invested. From the IRS website: . When must I receive my required minimum distribution from my IRA? You must take your first required minimum...
by mhalley
Mon Feb 12, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Vanguard LifeStrategy funds or 1 target retirement fund
Replies: 3
Views: 638

Re: 2 Vanguard LifeStrategy funds or 1 target retirement fund

The main advantage is that the aa of LS funds are static, so you don’t need to worry about changing the funds as the glide path of the tr fund changes over time. What is your personal glide path? Is this a taxable account so changing aa might result in additional taxes? But 600 # is quite a bit of m...