Search found 5805 matches

by mhalley
Thu Jul 19, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard managing portfolio and delaying SS
Replies: 7
Views: 388

Re: Vanguard managing portfolio and delaying S

See previous posts. https://www.bogleheads.org/forum/viewtopic.php?t=236085 https://www.bogleheads.org/forum/viewtopic.php?t=247564 https://www.bogleheads.org/forum/viewtopic.php?t=232520 And some reviews https://www.doughroller.net/investing/vanguard-advisory-services-review/ https://millennialmone...
by mhalley
Thu Jul 19, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard managing portfolio and delaying SS
Replies: 7
Views: 388

Re: Vanguard managing portfolio and delaying SS

Many posts here regarding PAS, They won’t manage a 401k, only money you have with them. Their plan is very similar to using one of their tr funds. Sounds like a reasonable plan for ss. You might run the scenario through a ss calculator, maybe even consider paying the 40$ for a paid one. https://open...
by mhalley
Thu Jul 19, 2018 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on investing Roth IRA
Replies: 5
Views: 403

Re: Opinions on investing Roth IRA

The main reason to have stocks in Roth vs traditional is the rmd tax burden, keeping your overall portfolio the correct asset allocation in line with your ips (investment policy statement) is the way to go. Having 100 or 80 % in Roth are both reasonable. Have you considered some Roth conversions unt...
by mhalley
Thu Jul 19, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 90
Views: 5517

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

Most everyone would say that much stock in one company is too risky. How about this idea: get a paper stock certificate, and have it made into a plaque commemorating your fathers strong work ethic and loyalty to his company and generosity to his heirs. Perhaps have one made for all of his heirs that...
by mhalley
Thu Jul 19, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Another can I afford it question
Replies: 8
Views: 843

Re: Another can I afford it question

This article is a little outdated (interest rates have risen, mortgage deduction nerfed) but might be of some value.
https://www.financialsamurai.com/the-id ... n-dollars/
by mhalley
Thu Jul 19, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vanguard Fund for 25 year time horizon?
Replies: 8
Views: 1194

Re: Best Vanguard Fund for 25 year time horizon?

The standard reply to investing here is not one, but three funds, known as the 3 fund portfolio. This consists of the total us stock market index, total international stock market and the total bond market. How Much you would put into each would depend on your overall asset allocation of your entire...
by mhalley
Thu Jul 19, 2018 1:46 am
Forum: Personal Finance (Not Investing)
Topic: Reevaluating mortgage payoff strategy
Replies: 17
Views: 1912

Re: Reevaluating mortgage payoff strategy

I wouldn’t pay a penny extra on it. Over time you will pay the mortgage with inflated dollars. BUT, carrying debt is a personal decision. Having a paid for house is a great feeling. If you are maxing out all retirement accounts, investing in an hsa, plus saving money in a taxable account then by all...
by mhalley
Wed Jul 18, 2018 10:48 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth questions. ??
Replies: 10
Views: 715

Re: Backdoor Roth questions. ??

If you are behind on filing form 8606, you can send them in without having to amend your tax returns if you did not claim a deduction. You can file back to 1995. There is a potential fee for not filing the form, but you might send a letter asking it be waived. https://ttlc.intuit.com/questions/34245...
by mhalley
Tue Jul 17, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Options to lower my tax liability with RMD’s
Replies: 9
Views: 1189

Re: Options to lower my tax liability with RMD’s

I elected to postpone social security till 70 and do Roth conversions till then. You might run some calculations using I-orp https://www.i-orp.com/GuarInc/extended.html I-orp is pretty aggressive with Roth conversions, so I cut back what they recommended by a fair amount. There is a paid android app...
by mhalley
Tue Jul 17, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth questions. ??
Replies: 10
Views: 715

Re: Backdoor Roth questions. ??

Dec 31 is the key.
by mhalley
Tue Jul 17, 2018 3:57 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth questions. ??
Replies: 10
Views: 715

Re: Backdoor Roth questions. ??

If you roll a nondeuctable IRA into a Roth you will pay taxes on any gains. It doesn't matter if the trad ira is deductable or not, simply having money in it opens you up to the pro rata rule. As long as there is zero money in trad ira's as of December 31 then the pro rata rule does not apply. I wou...
by mhalley
Tue Jul 17, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: Water leaking from skylight window - Roofer cannot find cause!
Replies: 10
Views: 618

Re: Water leaking from skylight window - Roofer cannot find cause!

Technology to the rescue. Might not be good for a roof that is not flat, but if the leak starts above the skylight maybe it would be helpful.
https://www.thespruce.com/seeing-the-unseen-2902109
by mhalley
Mon Jul 16, 2018 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me untangle this mess!
Replies: 17
Views: 2463

Re: Please help me untangle this mess!

It’s not horrible. You might just go ahead and put all the international allocation into the spouse 401k. Dump the J.P. Morgan fund.
Watsup with the annuity and high yield bonds?
by mhalley
Mon Jul 16, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Business Credit Card
Replies: 8
Views: 731

Re: Business Credit Card

Clark Howard recommends using a personal cc instead of a business one due to more consumer protection.

https://clark.com/business-entrepreneur ... redit-car/
by mhalley
Mon Jul 16, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: DSL Modem and settings for TDS.net
Replies: 5
Views: 341

Re: DSL Modem and settings for TDS.net

DSL is seldom as good as cable internet. If looking to decrease expenses, cut the cord on the cable tv and keep the cable internet. Either go with a combination of Netflix, Hulu, youtube, sling etc or with dish or directv.
by mhalley
Mon Jul 16, 2018 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Sub-Asset Allocation Model, Personal Advisor Service
Replies: 20
Views: 1707

Re: Vanguard Sub-Asset Allocation Model, Personal Advisor Service

Most of the time vanguard pas is very similar to their target retirement fund. I don’t think your original fund picks are bad, how did you come up with tat aa and why do you think you need pas? some might disagree with the high yield, but come si come sa. Kind of surprised it is so aggressive for a ...
by mhalley
Mon Jul 16, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Bond funds in taxable accounts?
Replies: 15
Views: 2308

Re: Bond funds in taxable accounts?

The last time I checked I think the cutoff was 28% tax bracket to switch from total to muni bond fund.
by mhalley
Mon Jul 16, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Moving taxable to Vanguard with capital gains?
Replies: 11
Views: 503

Re: Moving taxable to Vanguard with capital gains?

Good news, trbcx is on the vanguard ntf list, so transferring it in kind means you can take your time making the decision.
https://investor.vanguard.com/mutual-fu ... IntExt=EXT
by mhalley
Mon Jul 16, 2018 12:00 am
Forum: Investing - Help with Personal Investments
Topic: Stock, Bond, REIT allocation to traditional & Roth IRA
Replies: 2
Views: 236

Re: Stock, Bond, REIT allocation to traditional & Roth IRA

It probably doesn’t matter that much, but I prefer to have funds that will appreciate the most in Roth, so I vote for the stock and reit funds there. The main reason is that there are no rmds on Roth accounts.
https://obliviousinvestor.com/stocks-in ... ional-ira/
by mhalley
Sun Jul 15, 2018 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity PAS - starting the process to extricate
Replies: 9
Views: 828

Re: Fidelity PAS - starting the process to extricate

Talking someone that is “difficult and unpredictable” into allowing you to manage their retirement account sounds like a recipe for disaster to me. If they are charging 1%, and your retirement accounts are say 50/50, look at it as being charged .5% for your entire portfolio and consider calling it a...
by mhalley
Sun Jul 15, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Getting antsy with indexing? Reporter doing story.
Replies: 12
Views: 2839

Re: Getting antsy with indexing? Reporter doing story.

They are probably getting antsy due to the increasing popularity of indexing and articles like this
https://www.morningstar.com/videos/8366 ... o-big.html
by mhalley
Sun Jul 15, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: What to sell for Mom's RMD
Replies: 15
Views: 1154

Re: What to sell for Mom's RMD

I didn’t specifically address the funds in my first post, but I agree getting out of the active high er funds would be a great idea.
by mhalley
Sun Jul 15, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: What to sell for Mom's RMD
Replies: 15
Views: 1154

Re: What to sell for Mom's RMD

Does she desire to simplify her portfolio or is she happy keeping the individual stocks? The standard response would be to sell all individual stocks and actively managed funds (maybe keep a few stocks but no more than 10% of equities) and buy into the 3 fund portfolio. This is a total stock market ...
by mhalley
Sat Jul 14, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth mess up
Replies: 4
Views: 572

Re: Backdoor Roth mess up

Just report it and pay the minuscule taxes. See this post on pennies in the backdoor Roth.
https://www.whitecoatinvestor.com/penni ... -roth-ira/
by mhalley
Sat Jul 14, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: How to determine weights within portfolio
Replies: 29
Views: 1398

Re: How to determine weights within portfolio

A reasonable portfolio is one that is well diversified, low cost and passive. The exact percentage of the underlying positions can’t be known, so you have to make a decision, but when you do it is one you should stick with unless new information comes to light that makes the previous portfolio null....
by mhalley
Sat Jul 14, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Catch up on retirement or pay mortgage faster?
Replies: 4
Views: 624

Re: Catch up on retirement or pay mortgage faster?

A 4.25% mortgage is a great rate. If you were planning on staying in the house after retiring, it might make sense to ensure you retired with no mortgage. Since you going to move, I would pay the mortgage as agreed and step up reirement savings. I assume you are moving to a lower col area so you wil...
by mhalley
Fri Jul 13, 2018 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: College savings plans - Roth vs. 529
Replies: 32
Views: 2417

Re: College savings plans - Roth vs. 529

This is what makes personal finance so interesting. There is no one answer that is 100% right every time without exception. (Well, maybe Dave’s baby steps) :beer Here is a post by doughroller about not using Roth for anything but retirement. Many do use them for other things, and if they have though...
by mhalley
Fri Jul 13, 2018 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for Advice on portfolio and PAS
Replies: 7
Views: 664

Re: Looking for Advice on portfolio and PAS

You would create a spreadsheet that figures out the rebalancing for you, or use the vanguard website or other aggregator such as personal capital or sigfig. The wiki has links to several spreadsheets. https://www.bogleheads.org/wiki/Rebalancing This forum thread discusses using vanguards portfolio w...
by mhalley
Fri Jul 13, 2018 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6513

Re: Dave Ramsey made me laugh today

Speaking of Dave, I was listening to Clark Howard today and a lady called in who wanted to refinance her adjustable rate mortgage, but no bank would let her because she had 200k of parent student loans for her sons out of state undergraduate degree in digital something or other. Apparantly the arm c...
by mhalley
Fri Jul 13, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6513

Re: Dave Ramsey made me laugh today

Many growth and income funds use bonds for part of their income. American funds are sort of alluded to by Dave, and if you look at American funds growth and income portfolio (GAIOX), it has 18% bonds and 5% cash. You wouldn’t know this unless you read the prospectus or looked it up at Morningstar. h...
by mhalley
Wed Jul 11, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out taxable account to payoff student loans?
Replies: 6
Views: 557

Re: Cash out taxable account to payoff student loans?

Paying off loans that have a relatively low interest rate is one of the things that makes personal finance personal. Being debt free except for a mortgage is a great feeling. In addition, gettin rid of those lousy funds is a plus. Assuming you have held them long enough to qualify for lt cap gains o...
by mhalley
Wed Jul 11, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7493

Re: Whole Life - We're doing it. What to look for?

Perhaps tax on the poor should be rephrased as tax on the financially gullable. I remember as a child the insurance man coming to the house once a month to collect money from my mom, included in this was whole life insurance for us kids. Once I grew up and realized what a bad deal it was, I had my m...
by mhalley
Wed Jul 11, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: College savings plans - Roth vs. 529
Replies: 32
Views: 2417

Re: College savings plans - Roth vs. 529

I am not in favor of using retirement accounts for other purposes. There are many ways to pay for college, but only one to pay for retirement. If you don't like 529 plan restrictions, either set up an UTMA account or just invest in a taxable account.
by mhalley
Wed Jul 11, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Recurring investments in taxable account
Replies: 26
Views: 1882

Re: Recurring investments in taxable account

The wiki has a section on tda that might be helpful (note that it recommends the above spdr etf)
https://www.bogleheads.org/wiki/TD_Ameritrade
But I agree that if you want funds instead of etfs, open a vanguard account and transfer the tda money there.
by mhalley
Wed Jul 11, 2018 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Dividing investments across Fidelity/Vanguard
Replies: 7
Views: 745

Re: Dividing investments across Fidelity/Vanguard

Move to your desired portfolio and asset allocation all at once. Nothing is gained by waiting and you are most likely paying higher expenses. This is different than the invest now vs dollar cost averaging question as you are already invested.
by mhalley
Wed Jul 11, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Planner meeting
Replies: 17
Views: 1889

Re: Financial Planner meeting

The only annuities bogleheads can agree on is an SPIA. (Single fixed income annuity). In general, your state will have a fund that will pay out in the event that the insurance company you do business with for the annuity defaults. You can click on your state here to see the limit for yours. http://w...
by mhalley
Wed Jul 11, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing non-technocrat spouse $ Mgmt
Replies: 25
Views: 2131

Re: Preparing non-technocrat spouse $ Mgmt

I am not quite convinced my wife would be comfortable managing the portfolio even If I switched all retirement accounts to target date funds, so I have instructed here to roll everything into Vanguards PAS. Not ideal, but certainly not the worst option out there.
by mhalley
Wed Jul 11, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 44
Views: 2904

Re: Credit score after becoming debt free?

Your credit score will not be as high if you have no outstanding debt other than credit cards that you pay off monthly. However, it will still be high enough to get the top tier rewards for having a high credit score, ie. lower insurance, low mortgage rate, eligible for zero percent car loans etc. I...
by mhalley
Wed Jul 11, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Self Employed 48years old and nothing saved for retirement
Replies: 40
Views: 4736

Re: Self Employed 48years old and nothing saved for retirement

With only 20 years to go till retirement I don't think I would look at buying a house debt free unless the debts are huge with very large interest rates. I would save a 20% down payment and take out a 15-20 year mortgage. Depending on the interest rate of the debt, I would not put off saving for ret...
by mhalley
Wed Jul 11, 2018 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over tIRA and re-balancing taxable account
Replies: 2
Views: 174

Re: Rolling over tIRA and re-balancing taxable account

I would roll it into the solo 401k. That way you always have control. Many companies have changed 401k plans for the worse, going from a good plan to a bad plan. I wouldn’t pay taxes to rebalance. I would rebalance by adding bonds to tax deferred, and even to taxable. There will be a downturn at som...
by mhalley
Tue Jul 10, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: What's up with Wells Fargo
Replies: 27
Views: 2876

Re: What's up with Wells Fargo

A financial institution successfully duped your children in an (unsuccessful) attempt to extort fees from them, and you still do business with them. :oops:
by mhalley
Tue Jul 10, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can't decline employer LTD policy. Should I buy up?
Replies: 9
Views: 1174

Re: Can't decline employer LTD policy. Should I buy up?

I agree that the 200k cutoff seems odd. I think 3rd part is much better overall.
by mhalley
Tue Jul 10, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Can't decline employer LTD policy. Should I buy up?
Replies: 9
Views: 1174

Re: Can't decline employer LTD policy. Should I buy up?

Clark Howard recommends using workplace Ltd until salary exceeds 200k, then recommends 3rd party. I don’t know the reasoning behind this.

https://clark.com/insurance/new-advice- ... insurance/
by mhalley
Tue Jul 10, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA question
Replies: 11
Views: 608

Re: Inherited IRA question

I think that it would be reasonable to keep bonds in the inherited Ira to minimize rmds. What are you doing with the rmd? spending it so you can max out retirement accounts, or already maxing out so investing it in a taxable account? Check out this thread https://www.bogleheads.org/forum/viewtopic.p...
by mhalley
Tue Jul 10, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Excellent Vanguard Service!
Replies: 1
Views: 440

Re: Excellent Vanguard Service!

Nice to hear. I believe the statistic is something like bad customer service is shared 3 times as much as good, although it seems much more than that on the forum.
by mhalley
Tue Jul 10, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Non-qualified retirement plan - should I enroll?
Replies: 5
Views: 272

Re: Non-qualified retirement plan - should I enroll?

So it's all match money that you would otherwise not get? If so, what is the downside? I don't think I could put my money in it, but if it is money that would otherwise be left on the table I would.