Search found 5303 matches

by mhalley
Mon Jan 22, 2018 2:06 am
Forum: Investing - Help with Personal Investments
Topic: Starting Taxable Investing
Replies: 7
Views: 1009

Re: Starting Taxable Investing

The sooner you invest, the faster the money goes to work for you. No need to wait until you have 5k more to invest. Of course you would end up with multiple tax lots. Reinvesting dividends compounds the problem, plus if the dividend is reinvested at the wrong time it does mess up the tlh. Money inte...
by mhalley
Mon Jan 22, 2018 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Swapping out VUL for Term
Replies: 2
Views: 232

Re: Swapping out VUL for Term

I would not cancel it until you have the new policy in place.
by mhalley
Sun Jan 21, 2018 4:51 pm
Forum: Personal Consumer Issues
Topic: Color fringing in new Costco eyeglasses - what gives?
Replies: 11
Views: 1271

Re: Color fringing in new Costco eyeglasses - what gives?

Glasses (unless they are sunglasses) are supposed to be “clear as glass” I would escalate and get them replaced. I always heard good things about Costco glasses, surprised at the problem not being addressed.
by mhalley
Sun Jan 21, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: How does Tax Reform affect Refi with Cash out?
Replies: 10
Views: 616

Re: How does Tax Reform affect Refi with Cash out?

I am not sure about the new law.
But converting other types of debts into a mortgage is seldom a good idea unless there is no other way to get the money. You put your home at risk, there can be closing costs, etc.
by mhalley
Sun Jan 21, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: Starting LATE for retirement
Replies: 31
Views: 2291

Re: Starting LATE for retirement

Investing late can be done similarly to the way people with early retirement goals go about it. It can be a mistake to attempt to make up for lost time st years by going with an overly aggressive asset allocation. Check out some of the early retirement blogs such as mr money mustache, particularly h...
by mhalley
Sun Jan 21, 2018 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Spending in Retirement: Roth, 401k, Taxable
Replies: 7
Views: 693

Re: Spending in Retirement: Roth, 401k, Taxable

Another option is to do some Roth conversions while living off their ss and pensions. This will decrease rmds and increase the amount the heirs will get in Roth. But if he is still working, then this might not work. Remember that if they do Roth conversions after 70, they must do rmds first. Kitces ...
by mhalley
Fri Jan 19, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Which is faster - Push or Pull - Transfer of cash into investment accounts
Replies: 19
Views: 1367

Re: Which is faster - Push or Pull - Transfer of cash into investment accounts

I was under the impression that push was faster for ACH. From the finance buff: . This is because when you push, the sending bank knows how much money you have. It lets you push only if you have enough money in your account. When the money arrives at the receiving account, the receiving bank treats ...
by mhalley
Fri Jan 19, 2018 12:36 am
Forum: Investing - Help with Personal Investments
Topic: New guy with a question
Replies: 4
Views: 504

Re: New guy with a question

Since the Roth has no RMDs and will probably be the last money you use after retirement, I prefer having equities there. This is actually somewhat controversial. Here are a few bloggers takes. The finance buff: . Loading up your Roth accounts (as opposed to tax-deferred accounts) with investments wi...
by mhalley
Wed Jan 17, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Lessons From 2017
Replies: 26
Views: 5269

Re: Larry Swedroe: Lessons From 2017

I love this quote from the first article:
. Unfortunately, investors in active funds continue to pay for the triumph of hope over wisdom and experience.
by mhalley
Wed Jan 17, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling both tIRA and Roth to Fidelity - Should I roll them into one?
Replies: 4
Views: 156

Re: Rolling both tIRA and Roth to Fidelity - Should I roll them into one?

A conversion to Roth does not change your contribution limits. With such a low amount, I would convert. Remember to not have them withhold taxes, Pay the taxes out of your taxable account.
by mhalley
Wed Jan 17, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: im 25 years old and want to start investing
Replies: 9
Views: 752

Re: im 25 years old and want to start investing

Welcome to the forum. Starting at such a young age will ensure a bright future. At .06, I think the target retirement fund is the best way to go for the beginning investor. Look at the year and pick the one with the aa closest to what you want. If you have cash sitting in a savings account, fund you...
by mhalley
Wed Jan 17, 2018 2:53 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Question
Replies: 11
Views: 1115

Re: Backdoor Roth IRA Question

Looks like you missed the last couple of letters in the link so it is not working, but I am familiar with the article. 1.yes, then you could do the same for 2018. 2. You create the Roth account,with no funding, then convert the traditional to it. Once it’s setup, fund the same traditional Ira each y...
by mhalley
Wed Jan 17, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Trying to increase bonds and increase overall investing . . . any advice?
Replies: 7
Views: 962

Re: Trying to increase bonds . . . any advice?

Bonds in taxable at your tax rate should be in munis, but I guess with the SIP that is a no go. I don’t think you mention the mortgage rates, but if they are <4% I would probably not pay them down and continue to invest in your taxable account. I would prefer to pay off my home mortgage instead of a...
by mhalley
Tue Jan 16, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Funds
Replies: 15
Views: 2035

Re: Target Retirement Funds

You did not include ers, but You could do a lot better by making a 4 fund portfolio using the s&p, small cap index, i shares intl index and ishares bond index. Looks like it would shave .4 off the er.
But just leaving it in the tr fund is fine if you prefer simplicity.
by mhalley
Tue Jan 16, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Getting unstuck from current allocation?
Replies: 6
Views: 543

Re: Getting unstuck from current allocation?

Have you ever invested, or did 2008 scare you out of the market? I agree that the market is high, but who knows when it will correct and allow a lower price entry. Start out by determining what you want your aa to be, and create an investment policy statement on how to get there. Since you are skitt...
by mhalley
Tue Jan 16, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Rollovers with Vanguard
Replies: 1
Views: 114

Re: Roth Rollovers with Vanguard

I don’t think 3k is right, as you can fund a tr fund or Star fund with 1k. Plus you can buy one share of an etf. So I think the actual account minimum is zero. Be sure to sign up for e delivery to avoid the 20 dollar account fee. You can open an account and not fund it, then rollover later. From Van...
by mhalley
Tue Jan 16, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Roth 401k into Roth IRA
Replies: 5
Views: 361

Re: Roth 401k into Roth IRA

It a good point to check on, as you could run into problems if you did not already have an established Roth for 5 years. Of course you can withdraw contributions at any time. . The 5-year rule means that five tax years must pass from the date of the first contribution to any Roth IRA, or Roth 401(k)...
by mhalley
Tue Jan 16, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard account change
Replies: 14
Views: 1290

Re: Vanguard account change

I think so, here is an example from a cpa journal. Wife predeceases her husband. At the time of her death, she owns 100 shares of Primeria Corp. Her basis in the shares at the time of her death was $10,000 and the shares were valued for estate purposes at $50,000. The shares would receive a step-up ...
by mhalley
Mon Jan 15, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning in Mid-20's
Replies: 8
Views: 1111

Re: Retirement Planning in Mid-20's

Mad fientist has a great post on how to live on retirement accounts prior to 59.5
https://www.madfientist.com/how-to-acce ... nds-early/
by mhalley
Mon Jan 15, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Best Option: Bankruptcy, just not paying, something else? (Massachusetts)
Replies: 5
Views: 1140

Re: Best Option: Bankruptcy, just not paying, something else? (Massachusetts)

If you have no assets, what is the worst thing that can happen? They sue you and win, but you have no assets and no income other than ss to be garnished. Don’t just stop payments, call the cc co and tell them your situation, see if they can work with you. I would suggest getting advice from a legiti...
by mhalley
Mon Jan 15, 2018 12:37 am
Forum: Investing - Help with Personal Investments
Topic: Liquidating Vanguard funds
Replies: 2
Views: 670

Re: Liquidating Vanguard funds

So even if you sold all of the smaller positions you would still need to liquidate one of the two tax ineffecient funds. I would go ahead and keep the small positions and get rid of the tax inefficient funds, and avoid balanced funds in the future. This of course assumes that the individual stocks w...
by mhalley
Mon Jan 15, 2018 12:22 am
Forum: Investing - Theory, News & General
Topic: Nostalgic about old online brokerages that no longer exist
Replies: 43
Views: 4728

Re: Nostalgic about old online brokerages that no longer exist

I also started with DLJ, but eventually transferred it all to V.
by mhalley
Mon Jan 15, 2018 12:18 am
Forum: Investing - Theory, News & General
Topic: ROTH IRA question - Income > 186,000 and < $196,000
Replies: 8
Views: 635

Re: ROTH IRA question - Income > 186,000 and < $196,000

You could do it that way but it is cumbersome. Instead, You can just ignore the partial Roth contribution and do a 100% backdoor Roth. Contribute the 5500 each to the traditional Ira, then convert it to a Roth the next day, here is a tutorial. https://www.whitecoatinvestor.com/backdoor-roth-ira-tuto...
by mhalley
Sun Jan 14, 2018 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: 401K sub-accounts juggling: making sense? actionable?
Replies: 2
Views: 216

Re: 401K sub-accounts juggling: making sense? actionable?

I think having a higher stock allocation in Roth makes sense. But it is complicated due to having to take taxes into account. It is somewhat controversial. This article asks several advisors the question. https://www.bankrate.com/investing/ira/traditional-or-roth-ira-find-out-which-ira-is-better-sui...
by mhalley
Sun Jan 14, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: Consolidating Roth IRA's from multiple brokerages - downsides
Replies: 3
Views: 419

Re: Consolidating Roth IRA's from multiple brokerages - downsides

There are no tax implications if you transfer Roth IRA brokerages. You can go to the brokerage you want to receive the funds and see if they are on the list of funds that can be transferred. I personally like having money at different brokerages, but many prefer the simplicity of only having one. It...
by mhalley
Sun Jan 14, 2018 7:16 pm
Forum: Personal Consumer Issues
Topic: Recommend an A.C. powered auto tire inflator
Replies: 43
Views: 2424

Re: Recommend an A.C. powered auto tire inflator

Another option is to get a dc compressor, then buy an ac to dc adaptor that will hook up to it. Be sure to get a powerful one, as I bought one that would not power my compressor and had to return it for a different one.
by mhalley
Sun Jan 14, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Nationwide 401k plan
Replies: 2
Views: 171

Re: Nationwide 401k plan

Having a portfolio of only S&P and a bond fund is perfectly reasonable (Warren Buffet recommends this). You can use other accounts (Roth, hsa, taxable) if you want other asset classes (intl, small cap, etc). Increasing your fund expense ratio in the 401k to have your preferred aa instead of just the...
by mhalley
Sun Jan 14, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Anyone Gone All the Way with LastPass?
Replies: 25
Views: 1382

Re: Anyone Gone All the Way with LastPass?

I don’t trust ANY online service to be unhackabke, so I use KEEpass and keep my file local.
by mhalley
Sat Jan 13, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: Storing Important Documents Online
Replies: 27
Views: 1242

Re: Storing Important Documents Online

I also don’t feel comfortable storing this sensitive data online. I keep my KEEpass file local. I suppose if you froze your credit, and put the documents in fidsafe with an extremely strong password while traveling, then delete the file when you return home the chance of compromise would be low. I j...
by mhalley
Sat Jan 13, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions for 2018 investment plans - tIRA to ROTH, pay off mortgage 10/1 ARM or student loans
Replies: 13
Views: 781

Re: Opinions for 2018 investment plans - tIRA to ROTH, pay off mortgage 10/1 ARM or student loans

Paying off a low interest mortgage is a tough one. Some say to pay as agreed, but with an arm you might want to convert to a fixed rate loan before interest rates rise. Carrying a mortgage is a personal rather than a financial decision depending on your attitude toward debt. A couple of posts on the...
by mhalley
Fri Jan 12, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover to IRA (Traditional or Roth)
Replies: 6
Views: 313

Re: 401k Rollover to IRA (Traditional or Roth)

Depends on multiple things. There is nothing wrong with leaving it there if they have good options. You can’t take out a loan on an old 401k, and in general it is not a good idea anyway. You might not want to roll it over to an Ira if you might eventuality want to do backdoor Roths. If you are in a ...
by mhalley
Fri Jan 12, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Reasoning behind Backdoor Roth IRA
Replies: 11
Views: 712

Re: Reasoning behind Backdoor Roth IRA

In 2010 I believe They removed the income limit on Roth IRA conversions but did not remove the limit on Roth contributions. If you are expecting for tax laws to make sense, then you have too high of an expectation. I imagine they did it to get some immediate tax revenue.
by mhalley
Thu Jan 11, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) to IRA Rollover But Give Up Roth Backdoor Conversions
Replies: 4
Views: 308

Re: 401(k) to IRA Rollover But Give Up Roth Backdoor Conversions

The fees are reasonable. I would keep the 401k and do the backdoor Roth.
by mhalley
Thu Jan 11, 2018 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Account Proliferation - any tips to manage or combat?
Replies: 7
Views: 583

Re: Account Proliferation - any tips to manage or combat?

Some duplication is inevitable, ie his and hers 401k, roth, HSA, multiple cc, a b&m bank and an online bank, a joint taxable account, etc. I like having multiple accounts for the remote possibility of a (hopefully) temporary glitch where I can’t access one of my accounts. PC and mint help a lot. You...
by mhalley
Thu Jan 11, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Dual purpose Roth IRA(retirement/college) allocation question.
Replies: 16
Views: 565

Re: Dual purpose Roth IRA(retirement/college) allocation question.

I get the restrictions on the 529. I hate to say it, but the way my grand daughters grades are going I may not get to use her 529 for college, so may end up having to change the beneficiary to her children. Or maybe with the new law I can use it for a tutor.
by mhalley
Thu Jan 11, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: anyone else enjoying an afternoon nap in retirement?
Replies: 19
Views: 1782

Re: anyone else enjoying an afternoon nap in retirement?

I don’t like naps, but never seeing the sun rise (except from the other end) is a great retirement perk.
by mhalley
Thu Jan 11, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal sequencing
Replies: 19
Views: 1840

Re: Withdrawal sequencing

Kitces has a great article on this: https://www.kitces.com/blog/tax-efficient-retirement-withdrawal-strategies-to-fund-retirement-spending-needs/ . the optimal approach is actually to preserve the tax-preferenced value of retirement accounts and to fill the tax brackets early on, by funding retireme...
by mhalley
Thu Jan 11, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax issues
Replies: 14
Views: 1180

Re: Equifax issues

Equifax could have either mistakes in your credit file or someone opened accounts in your name that only equifax sees. You might try going the phone route to get your credit report from them to check for errors. Otherwise you will either have to mail them the required information or submit it online...
by mhalley
Thu Jan 11, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Dual purpose Roth IRA(retirement/college) allocation question.
Replies: 16
Views: 565

Re: Dual purpose Roth IRA(retirement/college) allocation question.

I use don’t like the idea of using retirement accounts for non retirement purposes. You CAN use Roth for college, Roth for emergency fund, Ira for house down payment, 401k loan to pay off debts, but if you do all these things will you really have enough to retire on? There are many ways for your chi...
by mhalley
Thu Jan 11, 2018 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone using personalcapital.com company?
Replies: 6
Views: 392

Re: Is anyone using personalcapital.com company?

Many bogleheads use PC as an aggregator, but I doubt many use their advisory service. I use it and like it. You will get the occasional phone call from them wanting to discuss their service, but I found them not overly pushy and they accepted my polite “ I love your website but I am a boglehead and ...
by mhalley
Thu Jan 11, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Dollar and age amount for Pre-Tax vs. Roth 401(k)
Replies: 16
Views: 896

Re: Dollar and age amount for Pre-Tax vs. Roth 401(k)

The fact is that there are many things that you can’t predict. Everything might be set up for mfj in retirement and the spouse dies or you get divorced, and now you are taxed at single rates and have less SS. I have heard some pundits say that 50 is a good time to stop Roth contrbutions. I think tha...
by mhalley
Thu Jan 11, 2018 3:36 am
Forum: Investing - Help with Personal Investments
Topic: Am I doing this right?
Replies: 5
Views: 650

Re: Am I doing this right?

You might get a better response if you include the names of the ETFs and break them down by % instead of dollar amount. In addition, if you include your 401k funds that are available in this format you will get a better answer. https://www.bogleheads.org/forum/viewtopic.php?t=6212 How you invest mon...
by mhalley
Thu Jan 11, 2018 3:29 am
Forum: Investing - Help with Personal Investments
Topic: Investment options beyond 401k and IRA
Replies: 3
Views: 275

Re: Investment options beyond 401k and IRA

A taxable brokerage account is a great way to invest after you have maxed out all of your tax advantaged accounts. Another option if you have a high deductable health plan is to contribute $6900 to a family hsa and treat it as a stealth IRA. https://www.whitecoatinvestor.com/retirement-accounts/the-...
by mhalley
Wed Jan 10, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 52
Views: 4460

Re: Letter from Social Security re Fraudulent Claim

I on addition to calling and going to the local office, check your credit reports at annual credit report.com, create a my ss account and review it, and freeze your credit with the 3 bureaus.
by mhalley
Wed Jan 10, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Three-fund portfolio without 401k?
Replies: 9
Views: 842

Re: Three-fund portfolio without 401k?

Depends on her tax bracket whether to use munis in taxable. I think with current yields the cutoff is the 28% bracket. I prefer stocks in Roth.
by mhalley
Tue Jan 09, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Disc Broker Question
Replies: 7
Views: 374

Re: Newbie Disc Broker Question

Ditto David Jays post. Fidelity, schwab and vanguard are the goto brokerages here, Vanguard being number 1. You don’t need 3000 funds, you need three, and if you slice and dice maybe 6. Your goal is to have simplicity, low er, high diversification for your portfolio.
by mhalley
Tue Jan 09, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Please help my backdoor Roth IRA process better next year
Replies: 15
Views: 919

Re: Please help my backdoor Roth IRA process better next year

Read WCI post on pennies and backdoor Roth. I think doing things at the last minute (near year end) can lead to problems. Do your conversion say in November, then a month later double check to see if any pennies have shown up, then convert that. Or do the conversion the next day to minimize the poss...
by mhalley
Tue Jan 09, 2018 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in Taxable: State-Specific Muni Fund?
Replies: 10
Views: 961

Re: Bonds in Taxable: State-Specific Muni Fund?

Not Paying 5.1% sounds better to me. There may be a slightly higher risk due to being less diversified, but worth it IMO.
by mhalley
Mon Jan 08, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: New to Personal Investing
Replies: 3
Views: 316

Re: New to Personal Investing

Welcome to the forum. 1. Sounds like a potential real future. 2. The wiki is a great place to start, paying special attention to these articles. The goto funds here are the total stock market index, total international stock market index and the total bond market index, known as the three fund portf...
by mhalley
Mon Jan 08, 2018 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard, Fidelity [looking for good CD rates]
Replies: 8
Views: 1001

Re: Vanguard, Fidelity [looking for good CD rates]

This article is 6mo old, but they talk about brokered CDs having better rates than bank CDs for short terms.
https://www.depositaccounts.com/blog/20 ... t-cds.html