Search found 6801 matches

by JW-Retired
Sat Aug 18, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 52
Views: 4375

Re: Edward Jones rep door knocking

Isn't it better to invest with EJ or another firm versus not saving or keeping all $ in a bank account earning 1%? Do people have examples where the EJ or other advisor customer is in worse financial shape over 10 years than if they just put the money in a bank account earning 1% ? Please note that...
by JW-Retired
Sat Aug 18, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Request: Considering removing advisor from IRA
Replies: 16
Views: 1310

Re: Advice Request: Considering removing advisor from IRA

Here are the fixed income items arranged in order (I think) based on the call/due (?) dates. Right now this represents ~27% of my IRA. Symbol Description 037411AX3 APACHE CORP 3.625%21 TENDER OFFER EXP: 08/22.09/06/2018 459200HE4 IBM CORP 1.875%19 DUE 05/15/19 931142CU5 WAL-MART STORES 3.625%20 DUE...
by JW-Retired
Sat Aug 18, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Advice Request: Considering removing advisor from IRA
Replies: 16
Views: 1310

Re: Advice Request: Considering removing advisor from IRA

So I just found this page: https://www.bogleheads.org/wiki/Three-fund_portfolio#Other_than_Vanguard.2C_Boglehead-style And am reviewing the below 3 funds: SCHB - Schwab U.S. Broad Market ETF SCHF - Schwab International Equity ETF SCHZ - Schwab U.S. Aggregate Bond ETF Thoughts anyone? Along with the...
by JW-Retired
Fri Aug 17, 2018 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Deferred Compensation 457b FICA and Medicare Taxes
Replies: 5
Views: 233

Re: Deferred Compensation 457b FICA and Medicare Taxes

Dunno for sure about a 457b, but If it helps, I only can get income taxes withheld on my 401k distributions. FICA taxes (SS + Medicare) are not owed beyond what I paid when the money went into the 401k. Only income taxes were deferred not FICA.
JW
by JW-Retired
Thu Aug 16, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: SS benefits and work history question
Replies: 6
Views: 492

Re: SS benefits and work history question

Am I correct to assume that SS benefits are based upon 35 yrs of work history as for calculating the payout? You only need to work a min of 40 quarters, but 35 is the number they use when calculating benefits? Say my wife works for 10 yrs at a high salary and then becomes a SAHM. To determine her S...
by JW-Retired
Thu Aug 16, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Are Roth conversions a no-brainer for me?
Replies: 21
Views: 1730

Re: Are Roth conversions a no-brainer for me?

So, when I hit age 70.5, my income will be... SS of $27,500; pension of $8,500; and RMD of about $25,000 (assuming I don't do any more Roth conversions). My understanding is that in certain circumstances the feds tax 50% of SS benefits (BTW, my state doesn't tax SS income). The question is, will I ...
by JW-Retired
Wed Aug 15, 2018 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 47
Views: 3541

Re: High tax bracket - Go 100% Roth in tax advantaged?

ALostCause2, I don't see all that much difference between paying 35% +10% Fed & state taxes and 39.6%+10%, and even if there was IMO you are jumping the gun. You know for sure your tax rate is pretty darn high now so I would keep deferring like you have been. Who knows where you and the tax rates mi...
by JW-Retired
Wed Aug 15, 2018 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA conversion vs Capital Gains
Replies: 3
Views: 601

Re: Roth IRA conversion vs Capital Gains

My wife and I are in our late 50's and are planning on retiring in the next 12-18 months. In round numbers we will have ~$3M PT, $1.3M AT, $100k/yr non Cola pensions. The after tax account includes ~250k of NUA Megacorp stock with a basis of about $50k. Currently plan to defer SS until age 70. I ho...
by JW-Retired
Wed Aug 15, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Wife got a new job! Please evaluate my portfolio...
Replies: 24
Views: 1884

Re: Wife got a new job! Please evaluate my portfolio...

After I typed all of this, I found a pdf that perhaps makes the options more clear: https://www.ct.gov/trb/lib/trb/formsandpubs/retirementpresentation.pdf Whew, pretty complicated to figure out! Appears pension has some sort of survivor benefit trade for a reduced basic amount. I didn't see anythin...
by JW-Retired
Wed Aug 15, 2018 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Wife got a new job! Please evaluate my portfolio...
Replies: 24
Views: 1884

Re: Wife got a new job! Please evaluate my portfolio...

If I were laid off right now I would only receive 38% of my current 90k. If I retire in two years, I'd get 50% of my pension. If I work for my full term or 6 more years, I'd get 70%. I estimate that my pension alone should be $70k per year 6 years from now. If I work 9 more years I would get 75% of...
by JW-Retired
Tue Aug 14, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 554
Views: 32531

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

I think rather than arbitrarily looking at the most recent 10 years, the sensible way to compare is to look from a market high to another high or from a low to a low. From the high in 2000 to the high in 2007 international won, same for the 2002 low to the 2009 low. All the outperformance of US is ...
by JW-Retired
Mon Aug 13, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: 3 funds now, or start off with 2?
Replies: 17
Views: 1116

Re: 3 funds now, or start off with 2?

Aces&Aces, Is there the slightest chance that you will freak out and sell all your stock funds if/when the stock market drops 50% or whatever? IMO, given you haven't been tested of course there is! Plenty of people did exactly that in 2008/09. They sold near the bottom and didn't get back in until y...
by JW-Retired
Sun Aug 12, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor or no advisor?
Replies: 16
Views: 1363

Re: Advisor or no advisor?

1. Part of the reason for an advisor is that DW is the one doing the managing with minimal input from me as she is more comfortable doing it. Her concern is that if something would happen to her, I would be a bit lost and having an advisor who knows what's going on would be helpful. 2. We have been...
by JW-Retired
Sun Aug 12, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: ow much money I can give my son as a tax freegift
Replies: 7
Views: 1043

Re: ow much money I can give my son as a tax freegift

I live in California and try to give my son money to buy home -up to how much money ( some limit ) I can give my son as a tax-free gift both my son and me. If you gift more than the yearly limit ($15,000) to your son then you need to file a Gift Tax Form 709 that will keep track of the total amount...
by JW-Retired
Sun Aug 12, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: ow much money I can give my son as a tax freegift
Replies: 7
Views: 1043

Re: ow much money I can give my son as a tax freegift

I live in California and try to give my son money to buy home -up to how much money ( some limit ) I can give my son as a tax-free gift both my son and me. If you gift more than the yearly limit ($15,000) to your son then you need to file a Gift Tax Form 709 that will keep track of the total amount...
by JW-Retired
Sat Aug 11, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3106

Re: Financial Advidor Mandatory?

Do we need a financial advisor? (Two absolutely terrible experiences with financial advisors in the past who tried to sell us insurance we don't need) Two terrible experiences and you are game to try a FA again? I can't think of much to say about the folly of using advisors that would beat that! Ma...
by JW-Retired
Sat Aug 11, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8949

Re: Biggest Threats to Financial Well-Being

kids.. It may get paid back later. We are finding our children are now reducing our retirement income needs. A trip to visit them & grand-kids is very economical compared to your typical tours and cruises for retirees. I think we are at like 4:1 cheap children visit trips to expensive retiree stuff...
by JW-Retired
Wed Aug 08, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: HELP!!!!! Need to find documentation of index superiority
Replies: 32
Views: 2684

Re: HELP!!!!! Need to find documentation of index superiority

A few months ago I saw a HUGE table that showed all of the funds and showed that a low cost index beat ALL of them (I think it was from Bloomberg). I should of saved it but my mind is already convinced so I didn't feel the need. Does anyone have it or something similar?????? Thanks I don't know wha...
by JW-Retired
Sat Aug 04, 2018 8:39 am
Forum: Local Chapters and Bogleheads Community
Topic: How did you become a Boglehead?
Replies: 53
Views: 3434

Re: How did you become a Boglehead?

I was already close to a Boglehead long before I'd heard of John Bogle. In the late 1970's I bought a "how to invest in no-load mutual funds" audio tape course from an ad in a engineering periodical. The main lesson was you can do all this yourself via US mail, and never never never pay a sales load...
by JW-Retired
Sat Aug 04, 2018 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Questions
Replies: 9
Views: 803

Re: Backdoor Roth Questions

I would add that you should practice filling out the 8606 tax form that's needed to document this backdoor Roth process every year. There is no such thing as a backdoor Roth account........ it's a process.
JW

see: https://www.bogleheads.org/wiki/Backdoor_Roth_IRA
by JW-Retired
Fri Aug 03, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Help with My Draft Retirement Investment Plan please!
Replies: 8
Views: 860

Re: Help with My Draft Retirement Investment Plan please!

8. Retirement income needs: I need $42 K year for household and travel expense at minimum, not including taxes, with %5 inflation raise yearly to keep up with local inflation (my property taxes went up 18% in 2018, for example). This $42 K does not allow for high medical expenses, so I may end up h...
by JW-Retired
Thu Aug 02, 2018 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: NT
Replies: 20
Views: 1228

Re: NT

Mark2614 wrote:
Thu Aug 02, 2018 11:22 am
NT
NT
NT
What does "NT" mean?? ..... Did someone say something rude to OP? Hope it wasn't it me. :confused
JW
by JW-Retired
Thu Aug 02, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: VTEAX - a good tax advantaged bond fund?
Replies: 5
Views: 376

Re: VTEAX - a good tax advantaged bond fund?

OtterBee wrote:
Thu Aug 02, 2018 11:43 am
Other ideas?
Does your state have an income tax? If so look at your state's tax exempt bond funds too.
JW
by JW-Retired
Thu Aug 02, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: NT
Replies: 20
Views: 1228

Re: Advisor trying to convince me to buy annuities

Why would you need to hear from him again? Direct his email to the junk folder so you don't ever see it.
JW
by JW-Retired
Wed Aug 01, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA investing
Replies: 3
Views: 340

Re: Inherited IRA investing

Ditto to what livesoft advised.

Also might help you to read the wiki on tax efficient fund placement. https://www.bogleheads.org/wiki/Tax-eff ... _placement
JW
by JW-Retired
Wed Aug 01, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity advice
Replies: 5
Views: 640

Re: Fidelity advice

Yep, SIUPX has a very high expense ratio (0.81%) for a bond fund. Part of that is the 0.25% 12b-1 annual fee to the seller. http://financials.morningstar.com/fund/expense.html?t=SIUPX®ion=usa&culture=en_US This is the pitfall in naively following advisors salespersons. They need to make money so ...
by JW-Retired
Tue Jul 31, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Soc Sec benefit estimates: Anyone get a nasty surprise when filing?
Replies: 61
Views: 7698

Re: Soc Sec benefit estimates: Anyone get a nasty surprise when filing?

My wife recently applied online. Took about 15 minutes, literally. I don't know why anyone would want to go to a SS office to do this. I had a bad experience doing it online. It seemed crystal clear in the online application that I was filing only for spousal benefits, but nobody seemed to have rea...
by JW-Retired
Tue Jul 31, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth with Schwab and Bank Sweep
Replies: 4
Views: 175

Re: Backdoor Roth with Schwab and Bank Sweep

Not sure what you are worrying about? There is no dollar limit on conversions from a tIRA to Roth. It doesn't matter if the converted amount of money in the temporary tIRA deviates from $5500. Just convert "all".... i.e. all the money in the temporary account.
JW
by JW-Retired
Mon Jul 30, 2018 8:12 pm
Forum: Personal Consumer Issues
Topic: Be Careful Using Mailboxes
Replies: 62
Views: 8673

Re: Be Careful Using Mailboxes

I am not sure whether one needs to sign the card anymore. https://www.creditcards.com/credit-card-news/signatures-soon-may-not-be-required.php That rings sorta true. I haven't noticed anyone bothering to look at my card signature in a long time. But can't say anything about the restaurants where th...
by JW-Retired
Mon Jul 30, 2018 3:32 pm
Forum: Personal Consumer Issues
Topic: Be Careful Using Mailboxes
Replies: 62
Views: 8673

Re: Be Careful Using Mailboxes

I bought some of those Uniball 207 pens this morning (6 for $5). Had some acetone in the garage so I could test disolving this pen's gel ink writing in acetone against that of other ball points I use. Yes, it is indeed very resistant to acetone compared to the other pens I had around. Paint thinner...
by JW-Retired
Mon Jul 30, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13324

Re: Should I Dump a Pile of Money on Young Son?

klneutral, I'm with the don't dump a $1M pile of money on your 24 year old son all at once side. Too much of a shock. It might be fine but there is certainly some chance it won't. Suggest not disclaiming it....... take it yourself and put in a taxable account in muni-bonds so it doesn't add to your ...
by JW-Retired
Mon Jul 30, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: What are techniques for protecting against downside risk or market corrections?
Replies: 10
Views: 1131

Re: What are techniques for protecting against downside risk or market corrections?

There is just no guessing right more than wrong when market corrections will happen. The only protection is to hold enough fixed income that you are OK just ignoring corrections or the fear of them. 40% "bonds" forever does it for me. Had to look up TVIX. It's a leveraged thing so your bad guesses p...
by JW-Retired
Sat Jul 28, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Kids Roth IRA and 529 together - ? Conflict
Replies: 23
Views: 1427

Re: Kids Roth IRA and 529 together - ? Conflict

or just as previously asked, if the funding comes from the children’s accounts where their paychecks are deposited, will the contribution still be subject to the gift threshold? Thanks! If OP & children will be paying the FICA tax and fileing a W-2 for the children's work, then I think no. But he d...
by JW-Retired
Fri Jul 27, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Your age in bonds?
Replies: 57
Views: 6440

Re: Your age in bonds?

I would appreciate a little clarification. I've seen the rule of thumb to invest your age in bonds however, I believe that some have said that the bond allocation should include the capitalized value of pensions and SS. Can someone please clarify this? Not really. He didn't say exactly how to capit...
by JW-Retired
Thu Jul 26, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: investment advisor advice [Seattle area]
Replies: 4
Views: 500

Re: investment advisor advice [Seattle area]

I have read several of the recommended books, and feel like I could still benefit from professional one on one investment advice before I invest most of my retirement fund over the remaining months of the year (I plan to move cautiously). From what I have learned about the costs of investing, I wou...
by JW-Retired
Tue Jul 24, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: New Fiduciary Rule seems to be a big disappointment
Replies: 25
Views: 4180

Re: New Fiduciary Rule seems to be a big disappointment

I have a Merrill Edge account and I'm able to invest in no load funds. They even give me so many free trades that I don't pay any commission on any of my ETF trades. Is the M* issue about some type of employer-sponsored account? I can't imagine that Merrill Edge would get away with preventing peopl...
by JW-Retired
Sun Jul 22, 2018 7:59 am
Forum: Investing - Help with Personal Investments
Topic: 28yo Needs Help with 401K and Personal Investments
Replies: 19
Views: 1847

Re: 28yo Needs Help with 401K and Personal Investments

401K: $30,000 (only investing about 6%) Options available: Vanguard Institutional Total Bond Market Index Trust 0.021% VWENX (Vanguard Wellington Fund Admiral) 0.17% ACAZX (Alger Capital Appreciation) 0.88% KPSCX (KP Small Cap Equity Institutional) 0.53% VFTNX (Vanguard FTSE Social Index) 0.12% VAN...
by JW-Retired
Thu Jul 19, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account vs Roth IRA
Replies: 11
Views: 888

Re: Taxable Account vs Roth IRA

Thegame14 wrote:
Thu Jul 19, 2018 1:40 pm
but I am over the limit for traditional IRA, correct?
Yes, probably for the deducting contributions limit, but you can contribute to a Roth directly so the tIRA you have doesn't matter.
JW
by JW-Retired
Thu Jul 19, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account vs Roth IRA
Replies: 11
Views: 888

Re: Taxable Account vs Roth IRA

MFJ income is 150K less 401K - around 12K less probably the standard deduction which I think is 22-23K. I have an IRA that was a 401K rollover. The MAGI phaseout for Roth IRA for MFJ starts at $189,000. Thegame14, The standard deduction does not reduce your AGI or MAGI, only taxable income which co...
by JW-Retired
Tue Jul 17, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: Be Careful Using Mailboxes
Replies: 62
Views: 8673

Re: Be Careful Using Mailboxes

I've read this several places, for instance here: http://www.ckfraud.org/washing.html From the last paragraph: WHAT TYPE OF PEN TO USE WHEN WRITING A CHECK: If you are a ballpoint pen lover, switch to black ink when security is important. Among water-based inks, remember that gels are the most impe...
by JW-Retired
Tue Jul 17, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Rollover to a expensive 401k worth it?
Replies: 15
Views: 648

Re: Rollover to a expensive 401k worth it?

4) The other option is to do MM s&p index 0.37% and global bonds 0.8% and international/large core 0.80%. Is that a better option? What would Bogleheads do? I would put all her 401k assets into the S&P fund with the not so bad 0.37% ER. You can increase the bonds in your other accounts to keep the ...
by JW-Retired
Mon Jul 16, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Diversification & Capital Gains
Replies: 3
Views: 262

Re: Diversification & Capital Gains

I fear (1) that I’m emotionally attached to certain individual securities because of past performance and company growth; and (2) that I’m allowing the tax tail to wag the investment dog. That being said, is a 600k tax bill for the 2 mil in gains reasonable on a 14.6 mil portfolio? I feel, perhaps ...
by JW-Retired
Sun Jul 15, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Investing vs Debt
Replies: 12
Views: 709

Re: Investing vs Debt

I would tend to favor the Roth because once you start earning it may be a long time before you will be able to fund a Roth. He can fund a Roth as soon as he gets rid of most of the loans. He is just starting out so presumably he has no tIRAs/SEP/or Simple IRAs, meaning he can fund a "Backdoor" Roth...
by JW-Retired
Sun Jul 15, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Investing vs Debt
Replies: 12
Views: 709

Re: Investing vs Debt

rootcanaldoc, I don't see a benefit to putting a dime into a Roth for either you or spouse. With only wife's $30k income to live on, won't anything you might contribute mean you will need to fund your investment by borrowing more money at 6.6%? If you have extra money coming in just borrow less. Onc...
by JW-Retired
Sat Jul 14, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Be Careful Using Mailboxes
Replies: 62
Views: 8673

Re: Be Careful Using Mailboxes

DW and I still mail a lot of checks. That will continue since we can't recall that we ever had a check stolen in the mail and fraudulently cashed. We do always drop any mail with checks into the mailbox down the street within an hour or two of the pickup time. Also, our mail delivery goes through a ...
by JW-Retired
Tue Jul 10, 2018 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Should I move all my investments to Vanguard?
Replies: 31
Views: 2465

Re: Should I move all my investments to Vanguard?

I have about 60% of my investments held at Vanguard and 40% of my investments held at Fidelity. The Fidelity support leaves much to be desired and I am think of moving all my investments to Vanguard. What would you say are the pros and cons of this move? We have about equal assets at Vanguard and F...
by JW-Retired
Sun Jul 08, 2018 8:06 am
Forum: Investing - Help with Personal Investments
Topic: VGTSX in Traditional IRA-Convert to Roth?
Replies: 12
Views: 813

Re: VGTSX in Traditional IRA-Convert to Roth?

It's all about your tax rate now versus your tax rate in the future. What rate will you pay on this conversion now? JW Roughly, if it is traditional retirement we will be staying in the same brackets (pending any more tax law changes). However, we are both hoping to retire early and use the various...
by JW-Retired
Sat Jul 07, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: VGTSX in Traditional IRA-Convert to Roth?
Replies: 12
Views: 813

Re: VGTSX in Traditional IRA-Convert to Roth?

It's all about your tax rate now versus your tax rate in the future. What rate will you pay on this conversion now?
JW
by JW-Retired
Fri Jul 06, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Pension, Income needs, and Asset Allocation Question
Replies: 32
Views: 4852

Re: Pension, Income needs, and Asset Allocation Question

sergeant wrote:
Thu Jul 05, 2018 12:28 pm
Hah, you went with Livesoft's "flippant" recommendation. Good choice!
I was already at 60/40 prior to 2008 so I could just follow my do-nothing instincts, and yes it's always heartning to see even flippant concurrence from Livesoft. :beer
JW
by JW-Retired
Thu Jul 05, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Pension, Income needs, and Asset Allocation Question
Replies: 32
Views: 4852

Re: Pension, Income needs, and Asset Allocation Question

I ran across this old thread . It is about 10 years old. Note all the posters on that thread that still post here, almost daily. JW-- I am now in the hypothetical person you mentioned. I have the same question you posed. Did you come to a conclusion for a proper AA? Yep, sticking with 60/40 forever...